I can't make any decision yet but IMO, it's still unpredictable.
Bitcoin price has been proved that it will increase without knowing us and no one even predicted last year Bitcoin has been reached two times ATH.
So what crystal ball has been used by the co-founder of the Houbi exchange platform that he was able to predict the Bitcoin price?
It seems he makes this noise to become a popular one or for seeking attention.
Topic: Bitcoin likely won't recover until 2025 - page 5. (Read 598 times)
If we’re following the four year cycles then it’s likely the price will suck in 2022. We’ll bottom in 2023 & then range until the halving in 2024. The price will slowly start to recover but the real bull run will start in 2025, we’ll get ath after ath until late 2025 or early 2026 before starting the next bear market. History doesn’t always repeat but it often rhymes.
This is the scene of bitcoin following the movement of bitcoin. The halving of 2017 actually did a real bear down to $3500 and now price is going bear that nobody knows how bear it can go but I see things differently because things have changed and adoption of bitcoin and legalization may change the bear speculation.
The next Halvening is very likely in 2024 which means 2025 is on the far end of bearish expectations, cant say its wrong but I dont especially accept the reasoning for why they think BTC is challenged. I believe dollar is more challenged and will continue to weaken.
When people say suck they do realize the price is massively higher this year then just 18 months ago. Its still generally ok, if we mean disappointment of no immediate gains suck then yea, its inevitable this must occur. Some people purely hold BTC just to capture the gains then they sell, this process goes in cycles and we will do nothing for a while, maybe a year maybe two but I think 2025 is over doing it. We will accumulate some gains before then, if nothing else ordinary currency is constantly being diluted so dollar 2025 will not resemble the current dollar.
When people say suck they do realize the price is massively higher this year then just 18 months ago. Its still generally ok, if we mean disappointment of no immediate gains suck then yea, its inevitable this must occur. Some people purely hold BTC just to capture the gains then they sell, this process goes in cycles and we will do nothing for a while, maybe a year maybe two but I think 2025 is over doing it. We will accumulate some gains before then, if nothing else ordinary currency is constantly being diluted so dollar 2025 will not resemble the current dollar.
Quote
Huobi co-founder Du Jun told CNBC on Sunday that bitcoin prices are often influenced by a technological change in the cryptocurrency's network, called "halving".
Halving is a key feature of bitcoin, and refers to a cutting in half of the amount of cryptocurrency that so-called miners receive as a reward for validating transactions.
The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.
Halving is a key feature of bitcoin, and refers to a cutting in half of the amount of cryptocurrency that so-called miners receive as a reward for validating transactions.
The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.
Huobi co-founder predicts this cycle is going to repeat itself, following the last bear market pattern, which started right after the ATH of 2017 and lasted long painful years... Is it too pessimistic to think this way or is the halving the real game changer factor which drives market's prices, as Du Jun says?
He also mentions another factors such pandemics and geopolitical issues can influence bitcoin's price, but it's clear the halving factor was highlighted as the most important and influent one among all.
Bitcoin is shaping up to enter a bear market and likely won't recover until 2025, co-founder of Huobi crypto exchange says
It is possibly because Huobi co-founder is following the 4-year cycle of Bitcoin which had happened 3 times since its creation. Looking at its pattern, it is logical to say that Bitcoin will have its Bull Market again by the year 2025 but of course, there are chances that Bitcoin price will surge every now and then but I am also inclined to the prediction that Bitcoin will have its Bull market after its halving.
If it's about the cycle, the last halving was 2020 and it's really what we should wait if this year is going to be the bear market. We don't know that for sure.
But if the comparison ticks in, last 2021 there's a big correction that has happened that didn't happened when bitcoin was bullish at the end of 2017. Well, still going to find out but nothing beats the long term holders that have decided to hold for a few more years.
Luckily we havent able to have that very long bear market not like into those old years where we do suffer out on very bear market but we know that a market wont really stay up for that long.But if the comparison ticks in, last 2021 there's a big correction that has happened that didn't happened when bitcoin was bullish at the end of 2017. Well, still going to find out but nothing beats the long term holders that have decided to hold for a few more years.
As we do able to hit that ATH on last years for 2x which it do able to get as high as 60k+ and now we are playing around 38k even though its a bit low compared on last but
lets be wise on taking out some actions basing on the condition if you are really aiming for short term profits.
IMO the previous pattern has already been broken. Not only did the magnitude of price movements changed, we also witnessed the first bull cycle with a double top and a 50% correction in between those tops. Anything can happen from now on, including resumed bull run in this or next year. But I agree that the next halvening will spark another bull run after it will happen.
If we’re following the four year cycles then it’s likely the price will suck in 2022. We’ll bottom in 2023 & then range until the halving in 2024. The price will slowly start to recover but the real bull run will start in 2025, we’ll get ath after ath until late 2025 or early 2026 before starting the next bear market. History doesn’t always repeat but it often rhymes.
This is the scene of bitcoin following the movement of bitcoin. The halving of 2017 actually did a real bear down to $3500 and now price is going bear that nobody knows how bear it can go but I see things differently because things have changed and adoption of bitcoin and legalization may change the bear speculation.
Quote
Huobi co-founder Du Jun told CNBC on Sunday that bitcoin prices are often influenced by a technological change in the cryptocurrency's network, called "halving".
Halving is a key feature of bitcoin, and refers to a cutting in half of the amount of cryptocurrency that so-called miners receive as a reward for validating transactions.
The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.
Halving is a key feature of bitcoin, and refers to a cutting in half of the amount of cryptocurrency that so-called miners receive as a reward for validating transactions.
The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.
Huobi co-founder predicts this cycle is going to repeat itself, following the last bear market pattern, which started right after the ATH of 2017 and lasted long painful years... Is it too pessimistic to think this way or is the halving the real game changer factor which drives market's prices, as Du Jun says?
He also mentions another factors such pandemics and geopolitical issues can influence bitcoin's price, but it's clear the halving factor was highlighted as the most important and influent one among all.
Bitcoin is shaping up to enter a bear market and likely won't recover until 2025, co-founder of Huobi crypto exchange says
Not a bad take. I think the 4-year cycle will be less and less of a thing going forward (but still existent to some point) as it has become clear that derivatives are playing a much larger role as time passes. It seems likely that the manipulation and game playing with these derivatives is how big market players intend to profit in the future and the actual real price of Bitcoin will become less and less guided by market factors and more and more susceptible to the manipulation of market makers.
So while it is possible that we'll see a long slide downward for a couple years followed by another boom, I think the rise will be far less than previous cycles on a % basis and far more dictated by Wall Street than actual Bitcoin users.
If it's about the cycle, the last halving was 2020 and it's really what we should wait if this year is going to be the bear market. We don't know that for sure.
But if the comparison ticks in, last 2021 there's a big correction that has happened that didn't happened when bitcoin was bullish at the end of 2017. Well, still going to find out but nothing beats the long term holders that have decided to hold for a few more years.
Luckily we havent able to have that very long bear market not like into those old years where we do suffer out on very bear market but we know that a market wont really stay up for that long.But if the comparison ticks in, last 2021 there's a big correction that has happened that didn't happened when bitcoin was bullish at the end of 2017. Well, still going to find out but nothing beats the long term holders that have decided to hold for a few more years.
As we do able to hit that ATH on last years for 2x which it do able to get as high as 60k+ and now we are playing around 38k even though its a bit low compared on last but
lets be wise on taking out some actions basing on the condition if you are really aiming for short term profits.
If it's about the cycle, the last halving was 2020 and it's really what we should wait if this year is going to be the bear market. We don't know that for sure.
But if the comparison ticks in, last 2021 there's a big correction that has happened that didn't happened when bitcoin was bullish at the end of 2017. Well, still going to find out but nothing beats the long term holders that have decided to hold for a few more years.
But if the comparison ticks in, last 2021 there's a big correction that has happened that didn't happened when bitcoin was bullish at the end of 2017. Well, still going to find out but nothing beats the long term holders that have decided to hold for a few more years.
If we’re following the four year cycles then it’s likely the price will suck in 2022. We’ll bottom in 2023 & then range until the halving in 2024. The price will slowly start to recover but the real bull run will start in 2025, we’ll get ath after ath until late 2025 or early 2026 before starting the next bear market. History doesn’t always repeat but it often rhymes.
Quote
Huobi co-founder Du Jun told CNBC on Sunday that bitcoin prices are often influenced by a technological change in the cryptocurrency's network, called "halving".
Halving is a key feature of bitcoin, and refers to a cutting in half of the amount of cryptocurrency that so-called miners receive as a reward for validating transactions.
The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.
Halving is a key feature of bitcoin, and refers to a cutting in half of the amount of cryptocurrency that so-called miners receive as a reward for validating transactions.
The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.
Huobi co-founder predicts this cycle is going to repeat itself, following the last bear market pattern, which started right after the ATH of 2017 and lasted long painful years... Is it too pessimistic to think this way or is the halving the real game changer factor which drives market's prices, as Du Jun says?
He also mentions another factors such pandemics and geopolitical issues can influence bitcoin's price, but it's clear the halving factor was highlighted as the most important and influent one among all.
Bitcoin is shaping up to enter a bear market and likely won't recover until 2025, co-founder of Huobi crypto exchange says
In comparison with the previous bull market of the year 2017 he have predicted the market. No one knows how the market movement takes place. As per the ongoing market moves there is very minimal chance for a massive bear market. However the reasons indicated have got the ability to make the market bearish as well as bullish.
Over the previous year the market experienced its ATH when I the entire world is suffering out of pandemic. In specific when the world market is in the decline, cryptomarket boomed. This time the pandemic and the political war urge between different nations are causing decline in the market. What the co-founder of huobi said have begun to happen with today's price decline reaching down to $37500.
Over the previous year the market experienced its ATH when I the entire world is suffering out of pandemic. In specific when the world market is in the decline, cryptomarket boomed. This time the pandemic and the political war urge between different nations are causing decline in the market. What the co-founder of huobi said have begun to happen with today's price decline reaching down to $37500.
Quote
Huobi co-founder Du Jun told CNBC on Sunday that bitcoin prices are often influenced by a technological change in the cryptocurrency's network, called "halving".
Halving is a key feature of bitcoin, and refers to a cutting in half of the amount of cryptocurrency that so-called miners receive as a reward for validating transactions.
The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.
Halving is a key feature of bitcoin, and refers to a cutting in half of the amount of cryptocurrency that so-called miners receive as a reward for validating transactions.
The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.
Huobi co-founder predicts this cycle is going to repeat itself, following the last bear market pattern, which started right after the ATH of 2017 and lasted long painful years... Is it too pessimistic to think this way or is the halving the real game changer factor which drives market's prices, as Du Jun says?
He also mentions another factors such pandemics and geopolitical issues can influence bitcoin's price, but it's clear the halving factor was highlighted as the most important and influent one among all.
Bitcoin is shaping up to enter a bear market and likely won't recover until 2025, co-founder of Huobi crypto exchange says
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