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Topic: Bitcoin Supercycle? (Read 628 times)

hero member
Activity: 916
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May 22, 2023, 10:15:40 PM
#86
It is possible for Bitcoin to experience a bull run in the next couple of years, as more people and companies continue to adopt and use it. The limited supply of Bitcoin, combined with increased demand, could certainly drive up its value. It is important to keep in mind that bitcoin is a highly volatile asset and its price can be affected by a variety of factors, including global economic conditions and inflation. While inflation can certainly impact the value of bitcoin, it's worth noting that the crypto currency was designed to be a deflationary asset. This means that its supply is limited and is programmed to decrease over time. As a result some investors see Bitcoin as a hedge against inflation, as its value may increase as traditional currencies lose purchasing power. Predicting the future price of Bitcoin is difficult and subject to a wide range of variables. While it's possible that Bitcoin could experience a bull run in the next few years, it's important to approach investing in cryptocurrencies with caution and to do your own research before making any decisions.
sr. member
Activity: 2660
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May 22, 2023, 10:48:23 AM
#85
Bull run will come even if we like it or not, it is because bitcoin is not stable price will up and sometimes down because there are investors that come and go and i believe that in the near future its user will rise drastically because of its amazing features and uses, in my country there are stores that accept crypto as payment it is truly amazing.
If someone in your place already wants to accept crypto as payment for goods at their shop, that's definitely an extraordinary thing because not many countries have adopted crypto so there are still many shops that don't want to accept payments via crypto. A close example is where I am where I still have to constantly rely on fiat when I want to shop for anything because there are no shops here that accept crypto as payment.

So what you're experiencing there is clearly a very good thing because with a store willing to accept crypto as payment, of course it will make people start to be interested in crypto and try to get to know Bitcoin further and have the intention to own it because it can already be used for buying goods in stores even though they are still only in certain shops.
That's a positive thing and it is not available in a lot of countries at this time, and we will still need to go pretty far to see that happening all around. Bitcoin is still in the adoption process and there is still a lot of time for it to complete mainstream adoption levels after which it will be widely accepted by merchants all around the globe.

Until then, it will mainly be used as an investment asset where people might be interested in buying and storing it only to gain profits over time but not because they want to use it as a payment method or to pay for goods and services.
hero member
Activity: 3178
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www.Crypto.Games: Multiple coins, multiple games
May 22, 2023, 10:28:00 AM
#84
Bull-runs will continue happening on a regular basis op just like corrections. They are basically the Yin and Yang of BTC. History has proven whatever I stated.

BTC turns bullish or bearish with/without reason which is why it's considered one of the most volatile assets and this is why it's a risky investment. Invest only what you are willing to lose without any regrets.
sr. member
Activity: 1400
Merit: 283
DGbet.fun - Crypto Sportsbook
May 22, 2023, 10:05:30 AM
#83
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 there is. not only me, many people believe that in 2024 when the bitcoin halving will be a bull run momentum and it is predicted that at that time the price of Bitcoin could pass its ATH. you don't need to worry that there won't be a bull run in the next few years, because it will definitely happen. The point is you are sure and keep holding your bitcoins and if you can continue to increase the number of your holdings, your investment will surely bear sweet fruit.

If what the OP and everyone are discussing is just a regular bull run, I think it's almost inevitable. Many people will tell me nothing is certain in this market, but that is my optimism as I rely on what bitcoin has shown us historically. But what about predicting a super cycle, an unprecedented bull run? I also believe it will happen if the world economy enters a new growth phase after the inflationary period.
sr. member
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DGbet.fun - Crypto Sportsbook
May 22, 2023, 10:04:40 AM
#82
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?

The bull run for bitcoin happens every four years, so if the bull run happens next year, most people expect it to be after 4 years again and it will happen again in 2028 for sure.

        But anyway, since bitcoin is very volatile, no one can say yet if after bitcoin halving in 2024, just 2 years later, the value of bitcoin will suddenly kick, who knows, right? But of course we will still look at the demand and behavior of traders during those times.
hero member
Activity: 2114
Merit: 740
Leading Crypto Sports Betting & Casino Platform
May 22, 2023, 09:43:55 AM
#81
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?
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.
If this scenario occurs, many things can be done in preparation for next year's halving. This means that in 2023 Bitcoin has the potential to enter a saturation phase of the price decline that has occurred since early 2022 and then has the potential to be followed by a period of correction as a sign of welcoming the halving in 2024. Usually, before this scenario occurs, there will be a price adjustment towards the halving after which it will be followed by a bullrun. Ideally it needs careful preparation to accumulate before the Bitcoin price is in another super cycle.

sr. member
Activity: 2520
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May 22, 2023, 08:58:37 AM
#80
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 there is. not only me, many people believe that in 2024 when the bitcoin halving will be a bull run momentum and it is predicted that at that time the price of Bitcoin could pass its ATH. you don't need to worry that there won't be a bull run in the next few years, because it will definitely happen. The point is you are sure and keep holding your bitcoins and if you can continue to increase the number of your holdings, your investment will surely bear sweet fruit.
sr. member
Activity: 1526
Merit: 251
May 22, 2023, 07:46:22 AM
#79
With the next halving coming next year then the urge to accumulate more before the halving is high because every halving comes with a bull run. This year we have seen bitcoin rising mostly because of the recent crises faced by banks which has prompted many into bitcoin.

But would this bull continue after halving like you asked? I would say no, because in the past after every bull run there’s a bearish period and I think this will continue because many investors have the intention of selling off some of there holdings after this bull run and as such it could affect bitcoin.

Also we can also be certain what kind of government policies or crises we will face in the future, should the government begin to hit strict bans on it again then it might affect bitcoin as many people will be forced to withdraw there holdings

While the anticipation of the halving may create a sense of urgency to accumulate more Bitcoin, it's crucial to approach investments with careful consideration and not solely rely on this event as a guarantee of price appreciation. Market dynamics are influenced by various factors, including supply and demand, investor sentiment, macroeconomic conditions, regulatory developments, and technological advancements.
member
Activity: 737
Merit: 11
May 22, 2023, 04:51:59 AM
#78
Bitcoin investment is like a roller coaster that makes us panic easily, unfortunately there are still many people who believe that by investing in bitcoin, you will become rich in a short time so that he goes into debt or sells assets to invest in bitcoin, this is what makes us regret it when what happens is a bear market.
sr. member
Activity: 980
Merit: 237
May 21, 2023, 12:33:22 PM
#77
Of course bull run for Bitcoin must come. Records show how it takes within 3 - 6months for bull run to effect, this is after the halving to be expected sometime Apr-May 2024.  Am being speculative as to the positivity of expecting a bull run because of previous data and ATH after a four year cycle is complete and all Bitcoins, halved.

The best practices right now is more or less DCA.
Traders that rely on profit right now, gotta be strong and find alternatives to earning as it only gets worse before it gets better.
The market volatility is real and as more coins are showing resilience this competition for dominance is bound to cause Bitcoin to innovate and create profitable opportunities for its users.
hero member
Activity: 2156
Merit: 685
May 21, 2023, 11:53:06 AM
#76
As Bitcoin begins to be adopted, we can see the supercycle in the next halvings. You see the deflation situations in the world, in this sense, Bitcoin is a great investment option to protect. After each halving time passed, more and more people were connected to the system with its rise.

During the last bull season, many companies invested, even some countries. Bitcoin brought a lot of new things with it. Users spend a lot of time to win some rewards, only some of them have traders, on the other hand, miners are interested in their technology, it is a really big ecosystem, this ecosystem is updated more and more every year. In my opinion, these setbacks in all global markets are making a big difference for Bitcoin, which will make it even more valuable.
copper member
Activity: 1316
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Eloncoin.org - Mars, here we come!
May 21, 2023, 11:39:41 AM
#75
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?

Yes, it is possible that Bitcoin will start performing well  by the end of current year. Most of prominent analysts are predicting it price around $48,000 by the end of 2023. Halving of Bitcoin is a significant event, which is is scheduled in the middle of 2024. This event plays a crucial role as it reduces the block reward of miners and subsequently reduces the supply of new Bitcoins in the market. Historically, such reduction in supply often leads to a bullish trend in crypto market.
hero member
Activity: 1750
Merit: 589
May 21, 2023, 11:11:35 AM
#74
In order for a bull run to extend for a longer period of time, it has to be sustainable. Sustainable in the sense that there has to be good reasons for it to keep coming. Let's take the 2020-2021 bull run. At first it was mere shill, most people don't even think great of it until the coin bounced back and continued to increase in value over a longer period of time, not only because of the shill but because along with the increased perceived value and demand, people also saw fit to actually introduce stuff that we've never seen before. NFTs, Metaverse, more projects that have profits by the millions, this kept the bull run alive until that God-forsaken Do Kwon fucked things up and jump-started the greatest series of unfortunate events in the history of crypto.

So, I'll throw the question back at ya, do you think the halving this year's gonna be enough to power this "extended bull run" you so wish?
sr. member
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May 21, 2023, 09:43:15 AM
#73
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 is a virtual currency which has become more and more important in most of the economy in today's world. You may notice that currently all companies in countries that accept Bitcoin are making payments and transactions using Bitcoin. But the Bitcoin market will definitely turn into a bull market but it will take some time. When the Bitcoin market peaked in 2021 we saw an upward trend of everything. However, although the market is currently in a bear market in 2023, the next year in 2024, the Bitcoin market will reach a high. However, there was much talk of a supercycle in 2021, so if Bitcoin bulls in 2024, it will certainly continue again.
hero member
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May 21, 2023, 06:17:41 AM
#72
Bull run will come even if we like it or not, it is because bitcoin is not stable price will up and sometimes down because there are investors that come and go and i believe that in the near future its user will rise drastically because of its amazing features and uses, in my country there are stores that accept crypto as payment it is truly amazing.

If someone in your place already wants to accept crypto as payment for goods at their shop, that's definitely an extraordinary thing because not many countries have adopted crypto so there are still many shops that don't want to accept payments via crypto. A close example is where I am where I still have to constantly rely on fiat when I want to shop for anything because there are no shops here that accept crypto as payment.

So what you're experiencing there is clearly a very good thing because with a store willing to accept crypto as payment, of course it will make people start to be interested in crypto and try to get to know Bitcoin further and have the intention to own it because it can already be used for buying goods in stores even though they are still only in certain shops.

Many countries have accepted bitcoin and no longer ban it as in previous years, but accept bitcoin as a payment method, not many governments do this. Bitcoin is also not banned in my country, but finding a store that accepts bitcoin is almost non-existent. Using bitcoin or cryptocurrency for payment, most people already have some experience with online purchases. But to pay directly at a physical store, I also have no experience.

As long as the government accepts and allows people to use it as a legal means of payment, an increase in users is inevitable. In my opinion, the biggest hurdle for bitcoin is still the government.
sr. member
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Merit: 275
May 21, 2023, 02:10:12 AM
#71
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?
Hard times don't always last forever, just because inflation is killing us doesn't mean it's going to be inflation forever, give it time things will get better, and when things start getting better the price of bitcoin will start benefiting.

Another good time is next year halving, that's a good event to look out for and that will bring a positive reaction to the whole crypto market.

I still believe that the possibility of 10k Bitcoin is very slim, the reason why Bitcoin dropped to 3600$ in 2020 was because of CoVID, I doubt another CovVID will happen, so do not wait, start accumulating Bitcoin right now because the opportunity that you seek might never come to existence. 
hero member
Activity: 1050
Merit: 844
May 21, 2023, 12:45:11 AM
#70
Bull run will come even if we like it or not, it is because bitcoin is not stable price will up and sometimes down because there are investors that come and go and i believe that in the near future its user will rise drastically because of its amazing features and uses, in my country there are stores that accept crypto as payment it is truly amazing.

If someone in your place already wants to accept crypto as payment for goods at their shop, that's definitely an extraordinary thing because not many countries have adopted crypto so there are still many shops that don't want to accept payments via crypto. A close example is where I am where I still have to constantly rely on fiat when I want to shop for anything because there are no shops here that accept crypto as payment.

So what you're experiencing there is clearly a very good thing because with a store willing to accept crypto as payment, of course it will make people start to be interested in crypto and try to get to know Bitcoin further and have the intention to own it because it can already be used for buying goods in stores even though they are still only in certain shops.
sr. member
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May 21, 2023, 12:13:16 AM
#69
I believe there will be a super cycle for bitcoin in the next bull run, and that's why I always want bitcoin to drop more this year so I can accumulate as many bitcoins as possible to prepare for the bulls season upcoming. The bull season will coincide with the economic recovery, which in turn will stimulate strong investment demand to create a super cycle, not only for bitcoin but for all financial markets.
MiF
sr. member
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May 20, 2023, 10:59:38 PM
#68
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?
Bull run will come even if we like it or not, it is because bitcoin is not stable price will up and sometimes down because there are investors that come and go and i believe that in the near future its user will rise drastically because of its amazing features and uses, in my country there are stores that accept crypto as payment it is truly amazing.
legendary
Activity: 3346
Merit: 1128
May 20, 2023, 04:05:01 PM
#67
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.
It doesn't have to happen this year, it's fine if it doesn't happen right away. We need to realize that the best thing to do right now is to make sure that it goes to a point where it can be living at a decent place. I understand that maybe it will be next year, or even the year after that but isn't that even better? Think about it, if the price goes to a new all time high in 2025, that means you have 2 years until it reaches a peak point, so whatever you buy from today until two years later means it will go up and you will be in profit.

Too many people miss that part about it and I understand that it's not going to be a big deal and it's not going to be a proper investment if this doesn't happen but you should consider that as a reality.
sr. member
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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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Eloncoin.org - Mars, here we come!
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
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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
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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
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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
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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
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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
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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
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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
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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
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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.
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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
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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.
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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.
legendary
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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...
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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
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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
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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.
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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
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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
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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
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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.
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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
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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
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
legendary
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April 03, 2023, 02:01:55 AM
#26
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?

In my opinion, it is necessary to take into account the fact that the dizzying rise in the price of bitcoin was accompanied by two important factors. 

The first factor was that only a limited number of people knew about Bitcoin. 

By now, most people on planet Earth are aware that Bitcoin is a deflationary financial asset that rises over time and makes its owners wealthy.  In a situation where all people realize the value of the first cryptocurrency, it is difficult for Bitcoin to demonstrate an impressive increase in its price. 

The second factor is that bank discount rates (refinancing rates) around the world were very low (near zero values). 

The price of Bitcoin, denominated in the US dollar, was growing in a "weak US dollar" environment.  However, now the situation has changed.  The US Federal Reserve is raising interest rates, and even when this process stops, interest rates will not return to their previous zero values. 

Therefore, based on this, in the next two years, the price of Bitcoin will not show dizzying growth.
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April 02, 2023, 04:00:36 PM
#25
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 in times of inflation people are turning to riskier assets like bitcoin because bitcoin is resistant to inflation but from my point of view bitcoin is going to be a very valuable asset in the future as it is in limited supply I'm sure many will do. switching to bitcoin for example companies in America on average have switched to bitcoin.

Been watching a finance guy on youtube for a very long time and he is big on gold and silver but after some time when CBDC was announced by the government, he seem to have sometimes segued to Bitcoin.

The bank crisis I think made him switch after seeing how it could domino affect his bank I guess he has shielded himself before it's too late. I think many will do the same as he did and probably this will widen the adoption and push the supercycle as more holders are coming and the halving will make it happen.
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April 02, 2023, 03:12:26 PM
#24
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 in times of inflation people are turning to riskier assets like bitcoin because bitcoin is resistant to inflation but from my point of view bitcoin is going to be a very valuable asset in the future as it is in limited supply I'm sure many will do. switching to bitcoin for example companies in America on average have switched to bitcoin.
full member
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April 02, 2023, 09:08:06 AM
#23
there was this popular belief years ago that bitcoin will undergo some kind of reset after 3-5 years, just like what happened before. i don't know if it's true or not but coincedentally it happened again 3 times already. seems like it made another correction and calm the market down and will pump again to reach a new ATH. i am not too keen about predictions and beliefs such as that since there's no one who actually proved those things, and most of the times those who claimed to be that they predicted it right were just speculations or just analysis they did before.
legendary
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April 02, 2023, 08:46:03 AM
#22
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?
Possible.

I mean we've known Bitcoin as a very unpredictable cryptocurrency. I guess it all depends on your beliefs towards the price movement of Bitcoin. If you believe in the 4-year cycle of Bitcoin, then you don't expect for a Bitcoin supercycle anytime. Now if you think that Bitcoin will one time break that 4-year cycle in the future, then it's possible that a Bitcoin supercycle will happen.

Overall, it's hard to know when because Bitcoin is unpredictable. We might seen those 4-year cycles happening in the past, but there's always a 1% or more chance that it might break that cycle thus, we might see Bitcoin going down for more than a year and vice-versa. As for me, I don't think that this will happen after how I saw the price movement of Bitcoin in the past.
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April 02, 2023, 12:37:16 AM
#21
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 a great asset for protecting people from hyperinflation. If hyperinflation occurs in larger countries, crypto could benefit from it. However, what we are currently hearing is just speculation. Bitcoin can still rise in value without that factor. By studying the trend, you can figure out when to buy and sell.

If you don't want to stress yourself out too much, you can buy now and hold for the long term. Set a high target for yourself, so you'll be more profitable when the time comes to sell your holdings.
legendary
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April 02, 2023, 12:28:29 AM
#20
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?

Possible but most unlikely.

You went into a coma in 2021 and have just woken up?

At the time there was a lot of talk about the supercycle, with Dan Held saying the price would be half a million by now, and look where we are. If it already seemed like an exaggerated prediction then, imagine how likely it seems to me now.
legendary
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April 02, 2023, 12:23:52 AM
#19
I don't think anyone here has the crystal ball to accurately predict the entire behavior of Bitcoin. But, as mentioned above, according to historical behavior, the growth of Bitcoin after the halving is assumed. In addition, all the events taking place in the world are increasingly pushing people to insure their assets by investing in Bitcoin. Therefore, all moods suggest that bitcoin investments should be successful, and literate people, when making their calculations, prefer bitcoin. You can watch how Microstrategy believes in Bitcoin, having recently bought another 64,560 BTC for $150 million.
legendary
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April 01, 2023, 10:51:13 PM
#18
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?
Yes, it is possible. After the halving, as usual.

Just inflation and the problems of the global economy can push investors to invest in bitcoin.

This is a very volatile instrument, but it is neither bad nor good. It's just the way btc works today. Volatility only plays into the hands of traders and allows them to earn. Volatility doesn't scare long-term investors, because one way or another in years they will receive their profit. So it turns out that volatility only scares those who are not in contact with bitcoin. That is, those who still have not bought this.

legendary
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April 01, 2023, 09:10:44 PM
#17
What you're trying to say is the normal definition of cycles, which are supposed to occur every four years, so an average of two to three years makes sense based on a lot of historical data.

In previous times, we used to break the previous ATH, but no one knows what will happen in the future.
It is not a Supercycle because "Supercycle" means that something unique happens which is not unique based on historical data.
hero member
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April 01, 2023, 08:08:47 PM
#16
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?
we often talk about this many time, that possible we can hear the same answer. but, I just want make it clear for you, if you still in doubt don't continue it, but if you believe you don't have to worry to invest all of your money. Bitcoin is very well tested a dozen years, I don't know What else makes people doubt about bitcoin, if bitcoin listed a couple year ago, of course we have to worry, but in fact bitcoin is listed a dozen year, when fiat is more powerful than now.
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April 01, 2023, 06:59:18 PM
#15
Bitcoin doesn't remain bull all time from history we have known bitcoin as a volatile currency so they companies should be aware of it. The theory of bitcoin and any other coin out there is for up and down movement so it may not remain all bull for a years.
legendary
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April 01, 2023, 06:51:19 PM
#14
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.

That was the narrative behind the 2021 bull run. Big companies like Tesla and Microstrategy announced that they are adopting Bitcoin, post-covid inflation was kicking in and Bitcoin was theorized to be a hedge against it. If any of that was true and Bitcoin was indeed getting adopted, it wouldn't have crashed so hard.

So, theoretically supercycle is possible, but on practice it's just public statements from companies that they will use Bitcoin, followed by no actual adoption. And Bitcoin owners aren't rushing to spend their coins when such option emerges either - they would rarther hodl Bitcoin and spend fiat instead.
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April 01, 2023, 06:34:24 PM
#13
Actually, in this condition, the Halving is really a great hope to encourage most people to be here.
Looking at some of the previous conditions of the Halving although I am still not too familiar with it but it is indeed very possible for a big push to occur.
Expecting too much about this is certainly not very good, but the expectations are obviously very high if you look at the current conditions. Let's hope that hope comes true.
legendary
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April 01, 2023, 06:28:49 PM
#12
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?

If I'm not mistaken, there are new school of thoughts about bitcoin cycle, which what they call now super cycle. The reason behind this is that since bitcoin narrative have chance, we might see super cycle before the bull run, or at least the catalyst of it all, the block halving. Initially I just dismissed this theory, but it seems that this year, before the halving, we are somewhat in the bull run.

But for me, super cycles can only be achieved if we are going to reach a new all time high this year, so maybe $70k or higher. So that will be the first cycle, and then it will be culminated when we have our scheduled block halving pushing the price even higher and more than double the first cycle of $70k or up. So we shall see what scenario will work for this year as you have said there are a lot of factors, like the banking crisis or the inflation in our global economy. And if there is the right time to test this theory it will be this year and 2024-2025.
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April 01, 2023, 05:40:24 PM
#11
This is one of the possibilities for bitcoin in the next 10 years or so.
As you know we are going through a time of high inflation and some banks are among the companies that were "swimming naked". The governments and famous economists are trying to make us think high inflation is going away, but it's possible they broke the system by printing too much in 2020 and 21 and cutting rates won't save them this time.

In a scenario where biggest currencies like USD and EUR go into 20% inflation and big banks in regions that were seen as safe like Switzerland go bankrupt we could see bitcoin explode and keep going for years without a bear market.

I don't see it happening soon because the governments will try to slow it down as much as they can by dumping whatever digital assets they have on these low liquidity markets and trying to pass laws that prohibit mining.
legendary
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April 01, 2023, 04:41:24 PM
#10
I cannot be sure, but I think it is possible. I mean, if more people start using it and the supply remains limited, then demand should go up, right? And let us not forget about the global economy and inflation rates. But, you know, if we could predict the future of bitcoin, we would all be millionaires by now, right?
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April 01, 2023, 03:58:58 PM
#9
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.
No brainer, yes.

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?
Definitely.
Financial institutions, companies, and anything related to finance will find a way to hedge against inflation. And with bad stuff and news happening in the banking scene, that's gonna make them find another way to fight the inflation and potential collapse of these institutions. I think that these companies are done studying bitcoin and they do know the cycles are happening and with halvings, they do get what's in it for bitcoin and if they do understand it correctly. That means that they don't want to be left behind by potential profits that might get in their way. Yes, it's volatile but nothing is volatile that shall give them sweet profits even gold and stocks are also volatile.
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April 01, 2023, 03:50:44 PM
#8
Is it possible to have a bull run for the next couple of years? I mean more people and companies start using bitcoin often

As you just said, the more it is used the better. Just Bitcoin is far from being fast, It's just a perfect store of value for most.
Litecoin settles much faster and even under volatility you lose a few $ und Bitcoin till it settles a few 100 could be gone or added, either way someone will be angry.
legendary
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April 01, 2023, 03:45:52 PM
#7

The next halving is always an indicator of a bullish market and a possible bull run that can break the present all-time high. More or less market may transition to a bull run even before the scheduled Bitcoin halving on 2024 due to the news and hype this Bitcoin halving brings.  This kind of market activity had been observed in the past and may have a big chance of repeating itself since the Bitcoin market is cyclical and the halving event is the focal point.

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- Jay -
April 01, 2023, 02:19:21 PM
#6
If historical data is anything to go by the next cycle should be more prolonged than the last. Prior to 2021, Bitcoin's bull-run cycles run out within a few months from the beginning of the climb to when the gradual descent begins, prompting many to call it a pump and dump.
The recent bull-run was anything but. The price peaked at different times with a minimal drawback between and the overall cycle lasted almost a year.

The next halving could bring the next bull-run in its wake. I would expect a similar or better version of that of 2021. maybe a super cycle as it is dubbed.

- Jay -
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April 01, 2023, 02:12:43 PM
#5
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?
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.
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April 01, 2023, 02:08:55 PM
#4

Since we already have big pumps this 2023 without halving, it's possible to see the supercycle if this continues after the halving next year.

There were discussions about supercycle last 2021 also which I was also expecting to happen because of the covid effect.  It could happen this time because of the macro investors joining to accumulate BTC while the hedge against inflation and the adoption continues on top of halving this 2024.
legendary
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April 01, 2023, 01:48:30 PM
#3
I think your post would be rather more welcomed in the speculation section of the forum. There is where usually people ask for the price and personal predictions. Leaving that to one side, my personal prediction is that we will have a nice bull run after the expected decrease of supply due to the halving.

I would not necessarily happen immediately after it takes place, but once the market reacts to it I would not be surprised in the case we see a new ATH.

Not financial advice, btw. Just my thoughts, always DYOR.
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April 01, 2023, 01:45:32 PM
#2
With the next halving coming next year then the urge to accumulate more before the halving is high because every halving comes with a bull run. This year we have seen bitcoin rising mostly because of the recent crises faced by banks which has prompted many into bitcoin.

But would this bull continue after halving like you asked? I would say no, because in the past after every bull run there’s a bearish period and I think this will continue because many investors have the intention of selling off some of there holdings after this bull run and as such it could affect bitcoin.

Also we can also be certain what kind of government policies or crises we will face in the future, should the government begin to hit strict bans on it again then it might affect bitcoin as many people will be forced to withdraw there holdings
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April 01, 2023, 01:11:44 PM
#1
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?
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