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Topic: Bitcoin Supercycle? - page 2. (Read 612 times)

sr. member
Activity: 924
Merit: 365
May 20, 2023, 02:49:45 PM
#66
Is it possible to have a bull run for the next couple of years?
The bitcoin halving occurs every four years. There is a 4 year gap. The price of the current halving will increase after the course of each halving season for some time which will now give a new ATH than the previous halving.

I mean more people and companies start using bitcoin often and knowing there's a limited supply of it, the demand for the crypto will go up eventually. Do you think it's possible considering inflation and our global economy today? I know its a very volatile asset but what do you think?
That is the future strategy we look forward to, when more people and businesses begin using bitcoin in their operations, the price of bitcoin will unquestionably soar.
sr. member
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May 20, 2023, 02:35:59 PM
#65
Yes it's possible for sure. I have realised one thing in crypto market nothing is impossible bitcoin going to below 10k is also possible in this scenario and bitcoin touching another ATH is also possible in this scenario. I say this because bitcoin has it's halving due next year and it has a history of reaching a new ATH in the year next to it's halving year, so who know bitcoin might be on another supercycle in just another 2 years.

Yes everything can happen in crypto and nothing is impossible but as crypto is volatile so we also don't know that what will it happen. I think that when you post so at that time the price was high but now its dump, may be the price goes higher again after sometimes because there is a temporary ups and downs.

I think that 2 years are prolong duration so it can occurs but as it is not guaranteed therefore I will say that at some point there will slight dump and pump according to the market situations. It can happens that as in 2023 the price touches the 30k$ so after 2 years may be it again 30k$ but in the middle duration there will be regular Fluctuations occurs which cannot be stop.
sr. member
Activity: 686
Merit: 286
May 20, 2023, 02:11:30 PM
#64
We all think it's possible. Because currently the amount of investment in Bitcoin has increased a lot. Inflation like phenomenon is happening in different countries due to which people feel safer to invest in Bitcoin instead of keeping money in banks. If the amount of investment in Bitcoin increases then the value of Bitcoin will increase a lot in the future. Although it cannot be confirmed, we are only guessing. Because if these things could be confirmed then no one would have suffered by investing and everyone would have earned a lot of money. Since this is likely to happen, we must be patient.
hero member
Activity: 1498
Merit: 785
May 20, 2023, 01:53:19 PM
#63
I think a bull run can happen at any time due to many factors, but what makes us optimistic is that bitcoin will continue to shine because the stock is limited because mining is getting more difficult, and of course the number of users continues to increase so that there will be an explosion in demand and of course a price explosion or bull run.
The most influential factor is that after the halving there will be more and more positive news about bitcoin that causes the bullrun to occur, but indeed we don't know when it will occur but the previous cycle was the same after the bullrun halving came.

Demand in the market will no longer be avoided with stronger adoption from several large institutions, about miners maybe this will be a little more difficult for them but for miners big companies are of course still profitable, what is clear is that there is always the right phase for all of this but I don't think when the bearish continues the bullrun suddenly comes I think it's still very unlikely.
sr. member
Activity: 1904
Merit: 256
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May 20, 2023, 12:06:20 PM
#62
I think bitcoin already has its cycle. they call it "halving" where when bitcoin experiences a halving it will make bitcoin more difficult to mine and of course its scarcity will increase. The problem is that it's only one source for bitcoin to go up, and I'm not sure about halving, because what made crypto in its golden age was the many projects that were really enthusiastic and honest in their investment. and also the many markets that we have encountered with volumes that are not too far away and hacking issues rarely occur.
hero member
Activity: 2464
Merit: 519
May 20, 2023, 10:50:56 AM
#61
Is it possible to have a bull run for the next couple of years? I mean more people and companies start using bitcoin often and knowing there's a limited supply of it, the demand for the crypto will go up eventually. Do you think it's possible considering inflation and our global economy today? I know its a very volatile asset but what do you think?

It is really difficult to predict the future of any asset, many people believe that Bitcoin's limited supply and increasing adoption could potentially lead to a bull run in the future. Bitcoin's price is merely influenced by a variety of factors including demand and supply, relative news and events that is currently happening, and market sentiment. It is important to remember that the past performance of Bitcoin is not indicative of future results and that investing in any asset including Bitcoin comes with a risk.
I anticipate that we have already learned from our experience with the supercycle and will refrain from discussing it further. The concept of the supercycle was championed by the group known as "3 arrows," but it ultimately led to significant losses during the bear market. It is advisable to take profits at opportune moments. It is improbable for a supercycle to occur within this space
hero member
Activity: 916
Merit: 500
May 20, 2023, 09:55:27 AM
#60
Is it possible to have a bull run for the next couple of years? I mean more people and companies start using bitcoin often and knowing there's a limited supply of it, the demand for the crypto will go up eventually. Do you think it's possible considering inflation and our global economy today? I know its a very volatile asset but what do you think?

It is really difficult to predict the future of any asset, many people believe that Bitcoin's limited supply and increasing adoption could potentially lead to a bull run in the future. Bitcoin's price is merely influenced by a variety of factors including demand and supply, relative news and events that is currently happening, and market sentiment. It is important to remember that the past performance of Bitcoin is not indicative of future results and that investing in any asset including Bitcoin comes with a risk.
legendary
Activity: 3248
Merit: 1402
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May 20, 2023, 09:47:12 AM
#59
Will the bull run happen in the next 2 years? Nobody knows. Is it possible? Absolutely. Is it likely? Let's think about it.
In December 2013, Bitcoin went very close to $1k before gradually dropping. The price started consistently rising near the end fo 2016, and then there was a bull market throughout 2017. So, it took Bitcoin 3 years to start consistently growing, a bit more for the price to fully recover and then go up from there. Then the price had its occasional ups and downs but was largely down enough to call 2018-2020 the bear market years, till around October 2020 when the price started rising. So it took almost 3 years for the bull market to come and 3 years for the full recovery (and then some). Then it was pretty much the bull market till the beginning of May 2021, then a few unfortunate months and the price went up again, so August-November 2021 were months of the bull market. Then the bear market started, which also had its ups and downs, but 2022 wasn't great and 2023 is so-so. We've been 1.5 years into the bear market, and the previous two times it took the price around 3 years to recover and to definitely show the signs of the bull market.
History doesn't have to repeat itself, and there isn't enough data to make strong predicitons based on what we have so far with Bitcoin. But it's the only thing we have, so to me it seems that the next 2 years should be enough, and a bull run is likely.
legendary
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May 20, 2023, 09:42:36 AM
#58
Is it possible to have a bull run for the next couple of years? I mean more people and companies start using bitcoin often and knowing there's a limited supply of it, the demand for the crypto will go up eventually. Do you think it's possible considering inflation and our global economy today? I know its a very volatile asset but what do you think?
Everything is possible, but number of users and use cases doesn't need to correlate with the price growth. All it needs it's right people speaking for it and the hype they bring. After every bear run we hear that bitcoin is dying and holders are basically laughed at. So it isn't sexy for a while to talk for bitcoin, until it starts rising over ath again, and just that will push the nonbelievers in brink of fomoing in. Markets often respond rumors more then fundamentals, and psychology is more important than tech if you are only looking at bull/bear cycles.
hero member
Activity: 2338
Merit: 737
May 20, 2023, 06:25:14 AM
#57
I think a bull run can happen at any time due to many factors, but what makes us optimistic is that bitcoin will continue to shine because the stock is limited because mining is getting more difficult, and of course the number of users continues to increase so that there will be an explosion in demand and of course a price explosion or bull run.
The effect of another bullrun on Bitcoin does exist, it's just that this might not happen this year even though Bitcoin is starting to be difficult to mine and the enthusiasts are increasing. Because the very basic influence for a bullrun to occur is the effect of more demand through the market, because as long as it doesn't happen to Bitcoin this year, it looks like a bullrun will still be difficult to happen to Bitcoin, especially if it's expected this year.
sr. member
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May 20, 2023, 02:32:58 AM
#56
The bitcoin market is generally cyclical so it is difficult to predict how much bitcoin will grow in a few years. But the market is expected to return to the bull run that will make bitcoin a supercycle. Bitcoin may break all previous records. It is likely that the use of cryptocurrencies will continue to grow and develop as technology and financial systems change. It is important for individuals to carefully consider the risks and benefits of investing in cryptocurrencies and do their own research before making an investment decision.
sr. member
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May 17, 2023, 11:34:10 PM
#55
Is it possible to have a bull run for the next couple of years? I mean more people and companies start using bitcoin often and knowing there's a limited supply of it, the demand for the crypto will go up eventually. Do you think it's possible considering inflation and our global economy today? I know its a very volatile asset but what do you think?

Of course, for me Bitcoin will still be a viable investment option even though its volatility is a publick issue which is always a hot topic of conversation and for those who already understand this, they will smile. Why should be afraid of the volatility, for me this is an opportunity for potential profits, because traders or anyone can take advantage of price fluctuations. See also Growth, increased adoption and acceptance of cryptocurrencies by large institutions and investors who knowingly or unknowingly contribute to Bitcoin's legitimacy and long-term growth potential.

Well, these factors combined make Bitcoin an attractive investment option in our ever-expanding global economy and it will work as a potential hedge against inflation going forward.
copper member
Activity: 2940
Merit: 1280
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May 17, 2023, 10:36:34 PM
#54
Is it possible to have a bull run for the next couple of years? I mean more people and companies start using bitcoin often and knowing there's a limited supply of it, the demand for the crypto will go up eventually. Do you think it's possible considering inflation and our global economy today? I know its a very volatile asset but what do you think?


I think a bull run can happen at any time due to many factors, but what makes us optimistic is that bitcoin will continue to shine because the stock is limited because mining is getting more difficult, and of course the number of users continues to increase so that there will be an explosion in demand and of course a price explosion or bull run.
That's going to be a problem if the number of users decreases. We can never be so sure that it's going explode and have that supercycle again but it's possible to h appen but it's possible that it's the other way around. Make sure that you are going to be ready with the investment that you are going to bring and accept wins or losses fairly. Don't be emotional with it.
sr. member
Activity: 1722
Merit: 252
May 17, 2023, 10:30:28 PM
#53
Is it possible to have a bull run for the next couple of years? I mean more people and companies start using bitcoin often and knowing there's a limited supply of it, the demand for the crypto will go up eventually. Do you think it's possible considering inflation and our global economy today? I know its a very volatile asset but what do you think?


I think a bull run can happen at any time due to many factors, but what makes us optimistic is that bitcoin will continue to shine because the stock is limited because mining is getting more difficult, and of course the number of users continues to increase so that there will be an explosion in demand and of course a price explosion or bull run.
legendary
Activity: 2576
Merit: 1860
May 17, 2023, 07:29:12 PM
#52
It's actually hard to imagine. But if Bitcoin adoption suddenly gains so much acceleration, I don't know, it could happen. If within that couple of years very significant steps are taken by powerful economies, central banks, and the largest commercial banks and other businesses in the world in favor of Bitcoin, it becomes very possible. But that's a big if. Will these happen? Possibly in the future, but it is going to be gradual.
STT
legendary
Activity: 4102
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May 17, 2023, 06:58:22 PM
#51
Quote
Is it possible to have a bull run for the next couple of years?

Supercycle isnt 2 years just to clarify correct time frames.   2 years is still a speculative position, a gambit on a possible outcome where you might just sell it when the tide does not turn your way.   6 years is a business cycle, thats the minimum to be talking about a cycle I think.  Unless we consider seasons and farming commodities but commodity cycles are speculative, nobody knows when surplus or crop failure might occur exactly so by nature commodity trading has always been quite fast but still even those terms a supercycle is a decade or more.  (This decade to 2033 is a commodity ascending cycle I think, greater demand vs supply)
   Really the correct frame of thinking for a supercyclic change is generational, what happens when an entire economy changes direction.  This is happening right now quite obviously Japan has a change in direction forced by demographics, lack of birth rate and rapidly declining working population.  More surprisingly for some perhaps China also has a falling working population, this doesnt have to matter today or next week its a small change but it is a tide change it cant be altered back easily and falling working population for sure will force alterations.  Because China is a giant in its size and because of exports influential in many other markets I maybe cant balance my business without that large cheap manufacturing from China, this 'lack of people' alters the whole world;  that is a super cycle.  Musk mentions it and maybe its much disagreed on.  

  The Japan QE story since 1990 is a super cycle, thats a heck of a long time but its relevant to all our economies over that entire duration and we replicated what Japan did so now its the story we are written into.  If we are writing in BTC in the eternal tomes of economic history its just a foot note some say in pencil ready to first be revised then erased so many in this larger context dismiss it.
hero member
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May 17, 2023, 06:42:22 PM
#50
Companies and people using Bitcoin for purchases is possible. But the more we get closer to the halving not just for next year but also for the other ones, the scarcer it will be.

And that lead for most of the people to keep it instead of using it for most transactions. Well, we grow and this is going to be something unpredictable if these speculations might come to reality or won't be.

But as for the supercycle, we're talking here about the price of Bitcoin and that's where everyone will agree about it's price going to another peak that we've never seen yet.
legendary
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May 17, 2023, 06:36:00 PM
#49
Supercycle seems new to be interesting but what you are asking for is not possible in my perspective because in the market cycle, we have seen there most of the time 3 out of 4 years market stays Bullish, and 1 year of a Bearish run. But in those, even Bullish years market stays non-contiguously Bullish over all year can be called Bulllish in general. The fact is in different time frames market behaves differently last week was a bloodbath so it was bearish but we can't call it a bear run because the total return at the end of the year is not negative.

Take the market on a wider time frame as 7 years or 10 years you will find it contiguously Bullish for shorter timeframes you'll find volatility which is the beauty of the market.
sr. member
Activity: 448
Merit: 264
May 17, 2023, 05:13:53 PM
#48
Since 2017 everyone always calls for 100k BTC which never happens, it will be lucky to hit that cycle, this suggests that we may see extended periods of bullish activity in the crypto market, driven by a combination of growing adoption, institutional investment and broader market trends. There has been no incredibly volatile price movements since Bitcoin has become so widely adopted and I hope it will stay that way. A gradual but slow rise is always better than a choppy back and forth which only serves to scare people out of their coins.
hero member
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May 17, 2023, 02:21:49 PM
#47
Is it possible to have a bull run for the next couple of years? I mean more people and companies start using bitcoin often and knowing there's a limited supply of it, the demand for the crypto will go up eventually. Do you think it's possible considering inflation and our global economy today? I know its a very volatile asset but what do you think?
I think BTC to USD is at a risk to become a ratio with no sense due to possible main fiats infaltion. The other problem in case of inflation is the stability of BTC during the process. I suppose inflation will surely affect crypto, but it's a good idea to keep some BTC just in case.
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