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Topic: Bitcoin Supercycle? - page 3. (Read 612 times)

legendary
Activity: 2240
Merit: 1993
A Bitcoiner chooses. A slave obeys.
May 02, 2023, 10:01:53 AM
#46
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?

Bitcoin has been in a bull market since its inception. If you take a look at the chart and zoom out, you will see exactly that.

As far as the rather short or mid termed bull markets go: where there is something going up, the same thing must come down, sooner or later. And the more it goes up, the harder it falls down.

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...
member
Activity: 288
Merit: 25
CRYPTO WEB3 NEOBANK
May 02, 2023, 09:56:40 AM
#45
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?

Many experts believe that the growing adoption of Bitcoin by individuals and companies, combined with its limited supply, could contribute to long-term price increases. Of course, this will depend on various economic and geopolitical factors, including inflation and global economic trends. 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. However, like other market predictions, I don't think anything is certain in this money market world.
legendary
Activity: 3094
Merit: 1069
DGbet.fun - Crypto Sportsbook
May 01, 2023, 09:01:29 PM
#44
I believe there's no doubt about bitcoin reaching 100K but it's a matter of when.
It could take a couple of years or a couple of decades. And that time difference makes our economic decisions harder.
Bitcoin price is now at 28K, if it reaches 100K, it would about quadruple, i.e. x4. Depending on the individual nations, we consider 10 years to be the time for a sum of money to quadruple on safe investment for most. So, it doesn't makes sense to invest in bitcoin which is still considered to one of the unsafe investment also due to risk for its storage if it is going to hit 100K after 10 years.
But again it doesn't mean it would take that much time or bitcoin would be limited to 100K. My advice would be to diversify a small portion of your saving into crypto, mostly bitcoin to watch how it develops.
sr. member
Activity: 1988
Merit: 453
May 01, 2023, 08:35:24 PM
#43
Every cycle, everyone calls for a bitcoin super cycle which has been disproved over and over again. Since 2017 everyone always calls for 100k BTC which never happens, it will be lucky to hit that cycle, why? because there is not enough money nor is people willing to invest that amount of money just to get a 5x or so return. 400k BTC this cycle is just stupid. In my opinion a super cycle for BTC this cycle would be 130k if your lucky. You can take the same amount you were going to invest in BTC and invest in it basically any top 10 coin and make so much more money.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
May 01, 2023, 07:47:29 PM
#42
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 am not sure that we reached that state because companies are not adapted the Bitcoin in full form, they announced they will add in the future so I don't see anything like called super cycle which will exists for nore than a year above its previous ATH but definitely ad sd know a cycle is about 4 years so 2 years for bull and 2 years for bearish so it's somehow reliable question for the title of this topic
legendary
Activity: 1554
Merit: 1139
May 01, 2023, 01:28:37 PM
#41
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 am not sure I understand what your trying to say in its entire but, I've got one or two thoughts on my mind after reading through all that you've stated thus far in OP and would like some clarification if am wrong but my take is as follows;

1. A continuous pump for Bitcoin:
This can't be and for worth is worth, it wouldn't be very healthy for the currency. By all means Bitcoin can't be compared with alts but if you take a look at what happens with alts after a long period of pump, people tak3 profit and its dumps never to rise again. This would be the bane of a continuous pump as we would have people coming in solely gor the profit, to take profit agte4 a while and leave. This would leave some other users disappointing and would reflect badly on bitcoin.

2. Bitcoin use case for businesses and organisations;
At the time it would extremely difficult to have a firm own majority of its asset to bitcoin. This is because, there atr still a vague range of disbelief in the currency and as its not backed up by the government. Also, the issue of volatility like you've rightly stated, it's a problem that would be sorted with time.
legendary
Activity: 2814
Merit: 1192
May 01, 2023, 01:10:25 PM
#40
I've seen a couple of interesting takes on the matter from people involved in traditional finance and the essence was that these changes come like an avalanche. You see the heavy snow gathering for days and then it starts going down and everything is over in 1 minute, so yes we can go into a supercycle and the best part in all of it is that when we do, nobody is going to expect it. We'll reach an all time high, get a small correction, like 30% from the top, and people will start exiting like it's time for another bear market, 2 years of crashes ahead, let's sell, but a month later we'll have another ATH, then another one because when exchanges start running out of bitcoin every 1000 BTC purchase will mean an all time high.
I'm not sure if you've noticed but currently if you were able to dump 1% of all mined bitcoins on spot exchanges you'd crash the price by at least 20%. This can also happen in reverse.
newbie
Activity: 28
Merit: 0
May 01, 2023, 12:31:42 PM
#39
There is a reason it can be considered a "supercycle" and a "superforsaken investment". The whole crypto market is the same for everyone, and the more the value goes up, the more people invest and the more they see the possibility of their money making moves.
member
Activity: 492
Merit: 48
April 19, 2023, 01:48:51 PM
#38
Yes and I think it's very possible to have a Bitcoin supercycle in the next few years. As more people and companies adopt Bitcoin, it is likely that the demand for Bitcoin will increase, driving up its price and Inflation and global economic factors could also have an impact on its price. If the current trend of increasing adoption continues, there is a good chance of a continued increase in the future due to the limited Supply of Bitcoins in their scarcity value.
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
April 19, 2023, 01:21:19 PM
#37
The Bitcoin price surge? It's like being on a wild roller coaster! Boom! There has been an increase in participants. The amount of orders skyrockets. There is much more at play than simple supply and demand.

But hold on, let's take in the whole image. Bitcoin alters our perspectives on entertainment, monetary theory, and the financial markets. This is a direct challenge to the status quo. It's a way to deal with money that doesn't involve banks. Believe me, politics is at the heart of this.

Risks? Sure. Bitcoin is a roller coaster that is equal parts thrilling and terrifying. Problems with inflation and the economy? Concern is natural. Let's just go headfirst into the chaos! Jump on the roller coaster of your life. Join me in anticipating further gains in bitcoin's value.
legendary
Activity: 3318
Merit: 1128
April 19, 2023, 11:33:52 AM
#36
Bull and bearish period occurs in a cycle and as you asked about the Bull period in next two years so I will say that in next year there will occurs a halving and for that lots of people have purchased bitcoin. Bitcoin prices going up when more and more people buy it and become down when the demand reduces and I think that during next Bull run everyone will be in desire to sell their bitcoin to get benefit so more people will sell bitcoin and bitcoin will reduces in worth.

The demand has a strong effect on the price Fluctuations although the market is not predictable but as we have experience from multiple years so we can estimate the coming conditions. I think that for next couple of years the existence of Bull period is not possible because of expected demands for it, occurrence of halving and bearish and Bull cyclic existence.
I think halving and a year after that is the most active period. Normally not that many people actually see that as a benefit and I feel like they will miss out on that. Even if it doesn't go up right away, it will definitely end up going higher either quickly or eventually. So, we should be a lot more careful during that period, what happens until the halving could be a bit volatile, we could see it grow even higher, we could see it drop, and anything in the middle is all acceptable.

However, when it comes to something after the halving? We should be very careful about that because it could be incredibly dangerous if we are not careful, I personally started to accumulate as much as I can, and I will continue to do so.
full member
Activity: 1428
Merit: 120
Sugars.zone | DatingFi - Earn for Posting
April 18, 2023, 10:26:06 AM
#35
I would argue that bitcoin's cycle is similar to the economic cycle - drop, recovery, and boom.  All the conditions and effects that create volatility that have the potential to affect the economy will be affected by this cycle.  Bitcoin is entering a recovery phase, maybe 2024 – 2025 will be a boom phase as it moves into a cyclical consolidation phase(Supercycle).  The growing demand for bitcoin by its vital nature shows even during the downturn of the banking economy.  Therefore, I think it is only a matter of time before the widespread adoption of bitcoin in a niche for many countries to use in the future.
sr. member
Activity: 2506
Merit: 368
April 18, 2023, 10:14:46 AM
#34
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?
Why are you hesitant about it? Don't you know that there is a cycle of bull market after the halving occur of Bitcoin? The halving will be the trigger point to make the market pump when the whales and institutional investors started investing to Bitcoin that means there will be a FOMO that would push the price higher.

Btw, I don't see any relevance of the inflation of the world vs the Bitcoin market since it's a different currency and to be exact it's a crypto currency that has nothing to do with the economy all around the world.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
April 18, 2023, 09:57:25 AM
#33
The bull run will continue for the next few years, maybe until the supply runs out, while the demand for crypto will increase as people see crypto's value. They will choose crypto as a means of saving their money while still using other assets to survive inflation and they can continue to sell their assets to have money. And that's possible because people want to save themselves from inflation and be able to stay afloat. And even though crypto assets fluctuate, that doesn't stop them from investing in crypto.
sr. member
Activity: 1708
Merit: 295
https://bitlist.co
April 18, 2023, 08:56:24 AM
#32
Hey OP, We all see Bitcoin as a volatile asset, but this also depends on the circumstances of the market and the factors of each person owning this asset. It is important to evaluate various factors and manage risk to ensure the safety of your investment decisions. And predicting the price of Bitcoin is a complicated matter and cannot be guaranteed because it depends on many different factors. While the increasing use of Bitcoin by users and companies may increase demand for it, there is no guarantee that the price will increase as a result. The term inflation is usually applied to currencies, not assets like Bitcoin. The cause of inflation is usually related to an increase in the price of a good or service, whereas the value of Bitcoin depends on market conditions and user demand.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
April 18, 2023, 05:15:06 AM
#31
@OP that's inevitable and very likely. There are a lot of factors that are being seen that are affecting bitcoin's price and if you're saying that the bull run is going to come within the next few years, yes, definitely. Getting the idea from the past years where it all started, the pandemic.
Followed by a war and then now the result of those events into higher inflation rates. But look at bitcoin, despite that it had came from a dramatic decrease after it has reached the peak and ATH, it's still standing strong. While everyone is aware of its cycle and we're done from the likely bear market that has to happen for the next ATH to get in, it's very possible that these cycles and patterns will come again.
sr. member
Activity: 1456
Merit: 326
Eloncoin.org - Mars, here we come!
April 18, 2023, 04:31:10 AM
#30
Bull and bearish period occurs in a cycle and as you asked about the Bull period in next two years so I will say that in next year there will occurs a halving and for that lots of people have purchased bitcoin. Bitcoin prices going up when more and more people buy it and become down when the demand reduces and I think that during next Bull run everyone will be in desire to sell their bitcoin to get benefit so more people will sell bitcoin and bitcoin will reduces in worth.

The demand has a strong effect on the price Fluctuations although the market is not predictable but as we have experience from multiple years so we can estimate the coming conditions. I think that for next couple of years the existence of Bull period is not possible because of expected demands for it, occurrence of halving and bearish and Bull cyclic existence.
hero member
Activity: 742
Merit: 633
April 16, 2023, 02:55:53 AM
#29
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?
Current global economy is fine, Federal Reserve doesn't raise the interest rate anymore. Inflation has been a long time problem and it can't be solved.

Bitcoin supercycle will happen regardless bad global economy or inflation, I think it will not happen if the problem is really crucial like world war III, genocide, global virus etc. At that time people will consider food, water, weapon, house and medicine are more important than Bitcoin or investment commodities.
hero member
Activity: 1498
Merit: 711
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April 16, 2023, 02:49:20 AM
#28
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?
From my understanding I believe that what triggers Bitcoin acceleration is due to the demand in the market and supply that always come on it, i believe that Bitcoin rise anytime it want to rise, so I believe that with the long I have known Bitcoin regulations and rotation it's something that have constantly have anyone to be depend on, so the bullish comes as results of it demand in the market and also as results of companies who embrace Bitcoin or a country giving a positive news of Bitcoin, because if a respected country give a positive information of Bitcoin it trigger the market been bump, while if the information is negative of Bitcoin, many people will start to withdraw themselves for investing more in Bitcoin and that is one of the things that causes it's down fall in the market, so nobody can actually predict accurate the year bullish market will manifest, all those predictions we come across is basically on assumptions.
newbie
Activity: 75
Merit: 0
April 16, 2023, 02:16:57 AM
#27
I think it's definitely possible for a bull run to happen in the next couple of years. I mean, as more people and companies start using Bitcoin and recognizing its limited supply, it's natural that the demand for the cryptocurrency will increase.

However, considering the current inflation and the state of the global economy, it's hard to say for sure if this will lead to a sustained bull run. Always keeping an eye on the market trends and economic factors to make an informed decision.

But, as you mentioned, it's important to remember that Bitcoin is a very volatile asset, so it's always a good idea to be cautious with investments.
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