How big is your optimism for crypto investment? - page 5.

Russlenat

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Quote from: sunsilk on July 01, 2023, 07:40:02 PM

If there's one thing for now to describe the market and mainly for Bitcoin, it's here to stay and there's no doubt with that.

While there's a mixed emotions and thoughts of how long it gonna stay, we have no idea for how long so just get into the present but don't lose the thought that it's got a brighter future.

The interest stays on it and based on my experience, it's scary at first until you experience the first halving of your life and then the bull run and there goes the bear market.

So for someone who's optimistic of Bitcoin's growth, I'll likely wait until it reaches newer highs such as 6 digits to 7 digits and even more.

I’ve been here in the market for long and so I now learned to be more optimistic because I know bitcoin price will never settle at its low price but will surely strive hard to reach into another peak again. Although I’ve no certain time when will it happen, but let’s just patiently wait for it knowing bitcoin is bound to reach its new all time high especially that bitcoin halving is near to happen. And hopefully by that time, bitcoin price has already entered its new 6 digits or will even exceed more from our expectations.

Blitzboy

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Yet, remember, Bitcoin's erratic dance may enthrall some and alarm others.

Sure, cryptos dazzled in the past, but future glory is a gamble. This juvenile market is vulnerable to legal and tech evolution, and market moods. We may encounter more turbulence, or times of calm, or downturns.

As a crypto-veteran, my hope isn't baseless, it's grounded in experience, trends, and sober forecasts. The crypto-future is't preset but will be woven from factors we partly foresee.

kryptqnick

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I'm not surprised by the results of the survey. Whether Bitcoin will do better over the next year feels less certain than that it will do great over the next decade. That's because we can all see the general upward price trend of Bitcoin, but also that a bear market can take a few years, give or take.
I believe it makes sense to assume we'll see a couple of bull market over the next decade, and while Bitcoin does take 3 steps forward and then 2 steps back, it's still clear progress in terms of the increase of its value.

khiholangkang

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It seems that all those who responded to be optimistic about Crypto or Bitcoin Lebi precisely for a higher price in the next cycle, I think people who comment here can be categorized as additional respondents about how much Optimesm about the Crypto Market and especially Bitcoin.
I myself am very confident with what I do today supported by Bitcoin's knowledge and experience will reach his latest ATH again in this cycle, whether it's after Halving or before I don't care about it, because it will burden my mind when thinking about Bullrun After/before Halving, but certainly I am very optimistic to this day, even though in the trip to invest in bitcoin enough to make me mentally shaken because of its volatility.

isaac_clarke22

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Quote from: Wimex on July 01, 2023, 07:24:02 PM

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Well considering that NFTs went really hot topic just like couple of years ago, I am not surprised that many would just go and become so optimistic about crypto. I am also sure that this isn't just mainly for Bitcoin for the same reason I mentioned previously.

Surely some of them just took less than a month to learn and handling crypto and they felt waaaaay more secured than their traditional banks for obvious reasons. Decentralization especially with Bitcoin is really the way to go. For "how great my optimism" is, I have been way optimistic with Bitcoin quite a lot since 2017, not sure if I could say the same thing for other shitcoins out there though.

robattfield

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Actually personally i'm attached to this market i see its bull and bear cycle as an opportunity where we can invest and benefit long term, over time what i get from the market not only money but also the view of the macro economy is many times broader. The real values bring about an improvement in the quality of life, although it is not too great, but I always feel really grateful for the things that crypto or bitcoin has brought to me and many.

Fuso.hp

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Don't expect too much from investing in cryptocurrencies. By investing in raging currencies our hope should not be that we will become very rich by investing in these raging currencies. We can only expect that we have invested one day we will get success from this investment our objective is being fulfilled through the investment for which we have invested at one time. There are many investors who invest in these crypto platforms with high expectations. As a result, they become more excited about their investment. And in the excited state when they see that their investments are not performing as expected after a few days, they take various wrong decisions about their investments. So it is better not to expect too much by investing in crypto platform.

Mr.suevie

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Quote from: Dr.Bitcoin_Strange on July 02, 2023, 10:03:37 AM

When Bitcoin halving season is approaching, I think the optimism are always like that for every cryptocurrency investor, both Bitcoiners and Altcoiners. The reason is that altcoiners also benefit from Bitcoin's halving because Bitcoin is the king in the crypto space, and any time the Bitcoin bull market starts, some Altcoin projects use it as an advantage to pump their token. As a result, some Altcoin investors also get a profit from their investments. I think the reason why this optimism is also high among investors is because the block reward for Bitcoin miners is going to be cut by half of what it is in the next year (3.125). Imagine when miners block reward was 50 Bitcoin as of when Bitcoin was Lounched and kept reducing with every halving. So, with this coming halving, I just feel the price of Bitcoin can cross $100,000. Am very optimistic about Bitcoin.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

You are not alone in this optimism, I can bet that everyone who has a couple of BTC starched in his or her wallets is also anticipating to see the bull market come especially for those of that bought BTC at a very low price and with the halving close by you won't blame any investor if his optimistic about the market going high. For investors that got involved recently in BTC, with all the previous testimonies that always a bitcoin halving, they would be also be certainly hoping to see the halving come by since there are well aware of its benefit in the crypto world.

bussybuddy

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With the development of blockchain technology and the rise of some of the top cryptocurrencies like Bitcoin and Ethereum, many people have seen great crypto investment potential. I don't know too much about technology or finance but I do know that over time we will increasingly recognize that it is useful for life, so evolution over time and price increases are I can imagine. I see investment opportunities with them, it's not too difficult to learn and experience to gain profits in this market, what I like is it's a fair deal in this market, if I learn good and with a clear direction, I get good results.

Dr.Bitcoin_Strange

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When Bitcoin halving season is approaching, I think the optimism are always like that for every cryptocurrency investor, both Bitcoiners and Altcoiners. The reason is that altcoiners also benefit from Bitcoin's halving because Bitcoin is the king in the crypto space, and any time the Bitcoin bull market starts, some Altcoin projects use it as an advantage to pump their token. As a result, some Altcoin investors also get a profit from their investments. I think the reason why this optimism is also high among investors is because the block reward for Bitcoin miners is going to be cut by half of what it is in the next year (3.125). Imagine when miners block reward was 50 Bitcoin as of when Bitcoin was Lounched and kept reducing with every halving. So, with this coming halving, I just feel the price of Bitcoin can cross $100,000. Am very optimistic about Bitcoin.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Nwada001

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Quote from: irhact on July 02, 2023, 03:58:18 AM

It doesn't matter how optimistic I am but I don't see this happening in just days because Bitcoin can't get a new ATH in few days time,

Maybe I was high on assumptions when I dropped that. What I was meant to say was that we could see any breath in the market performance that could lead to Bitcoin hitting a new ATH, but it should not be immediately; it may be in the coming months or years, whatever the case, but a new ATH is possible in the near future on or before the halving.

All that's needed is an increase in demand and no step back of any kind as a result of bad crypto news, which could possibly slow down the market. Bitcoin's price for the past few months has proven to be strong resistance and has proven many chart readers wrong, which is to some point showing that the price can't be adequately predicted.

flyingcarpet

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Quote from: Wimex on July 01, 2023, 07:24:02 PM

Seeing this type of news from people in this category, with so many years of experience in the cryptographic market who consider that investing in these assets continues to be and will continue to be one of the best decisions that could be made, since it will probably continue to bring surprises later. , they fill one with confidence and security, but for those who until now are entering this world and are afraid of what will happen. And I wonder how many people in this forum who have also spent years learning and handling cryptocurrencies, specifically bitcoin, think the same way as these influencers. How great is your optimism that increases in volatility will be seen again? Increases that could become historic.

I have always trusted Bitcoin. It has never failed my trust. I continue to believe in bitcoin for many things to get better, especially as the world is dealing with economic crises right now. I am also very optimistic about this because I feel good when I invest in bitcoin. Besides, I feel like I'm doing something for the future.

I think we are lucky as those who are in this forum and follow bitcoin closely, wondering and responding to each other's ideas. Because we will see the rise of bitcoin together.

Ultegra134

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Quote from: irhact on July 02, 2023, 03:58:18 AM

Quote from: Nwada001 on July 01, 2023, 07:38:33 PM

There are lots of possibilities with Bitcoin breaking another ATH in the coming days. I don't actually give much attention to those you call influencers because they are all out doing what they know best, but there is no perfect expert out there who can give a 100% adequate price prediction unless the person wants to tell me that they are in charge of market manipulation.

It doesn't matter how optimistic I am but I don't see this happening in just days because Bitcoin can't get a new ATH in few days time, I'll go with months because there's a big possibility of it happening next year either before or after the halving or in 2025 a year after the halving of the block reward. Well Bitcoin has gone passed the years of doubt, if you're still doubtful of Bitcoin then you are just been ignorant and not futuristic. The question now should be how far can Bitcoin price increase to.

Bitcoin is the best investment any individual can get into and have a higher possibility of getting profits because everyday Bitcoin is gaining more popularity which means more individual are getting to know about bitcoin and would likely invest which will keep increasing the value of Bitcoin.

So do I. I'm generally optimistic regarding Bitcoin's performance, and even the $30,000 mark is quite satisfying for the time being. I was honestly expecting us to be in the mid-$20,000 range with all these incidents occurring in the world (the ongoing war, inflation, the SEC lawsuit, and so on). It's generally advisable to have realistic expectations when it comes to investments, including Bitcoin. It's unrealistic for me to expect a new ATH within 2023, and I'd be happy even if we surpass $40,000 throughout the year. The halving doesn't guarantee us an ATH, and even if that's likely to happen during that time, it won't happen from one day to another. I'd expect Bitcoin to undergo a major recovery somewhere between early and mid-2024.

Personally, as my DCA is ranging somewhere between $27.000 and $28.000, I'd be satisfied even if Bitcoin ranges from $45,000 to $50,000 in the next two to three years, something that most of us are expecting to happen a lot sooner, but as I've said, I tend to keep my expectations as low as possible.

ImThour

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Bitcoin Bottom was at $15.4k

63.5% seems like a good number to be very honest, I realized that the big players didn't sold their bags anytime in the whole crash when it went to $16k.
They literally bought more coins from the fishes in the ocean of Crypto which is a clear answer how optimistic they were with their buying.

I would go for a value of 85% for my optimism level in my crypto investment.

vv181

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Quote from: Darker45 on July 01, 2023, 10:18:46 PM

It is clear in these sentiments that Bitcoin is best for the long term.

What sentiments? The report, which is based on Binance research, is mainly focusing cryptocurrency in general. They did not specifically conduct the survey about the Bitcoin matter.

(Source: https://research.binance.com/static/pdf/institutional-crypto-outlook-survey-2023.pdf. Page 14)

The only thing they mention Bitcoin is the above section whereas Bitcoin has gained more positivity perception compared to the cryptocurrency sector in general. Which is actually a good outlook. I think the notion of "bitcoin, not crypto." somehow adjusts and also contributes to the public positive sentiment toward bitcoin. They are certainly more aware of the distinction between both of these two.

royalfestus

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The 4-year cycle is easily comprehensible, with the bear market proving challenging to withstand, while the bull market remains unparalleled in comparison to any other investment. Therefore, patience emerges as the crucial virtue, as the returns are assured regardless of global circumstances or negative news. This has been consistently validated over an extended period.

SmartGold01

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Historically looking back from the price action of bitcoin you would know that it's worth being optimistic for since every year by year we witness several changes within the cryptocurrency space. What analyst and investors does is to give hope to themselves to remain positive about the market and they knows it's something inevitable in the cryptocurrency market, the likelihood of those currency or select coin to give a huge profits solely depends on bitcoin increment which is the halving.

Kakmakr

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I am very optimistic about investing in Bitcoin, because I have seen what it can do. I bought my first bitcoins when the Bitcoin price was about $300 and I sold some of those coins when the Bitcoin price was $40 000+ ...so I know that it has the potential to out perform any other investment that I can do. Wink

I am also optimistic about Bitcoin's future, because I saw what challenges it has over come since it's been unleashed on the world. Many governments have tried to kill it and it is still surviving after all of that. Wink

Jawhead999

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Quote from: dercfor on July 02, 2023, 04:19:05 AM

Most of the members here or people involved with crypto will take things positively only. But the opinion of other people also matters. If we cannot convince those people to invest in crypto, it will not grow the demand for bitcoin.

No need to convince people to invest in Bitcoin, Bitcoin exist since 2008 and there are already a lot articles or videos discuss about Bitcoin, if they're want to invest in Bitcoin, they can search any information related to Bitcoin via online.

I would choose to be silent, if people are invest in Bitcoin because someone convince them, they would call Bitcoin is scam if Bitcoin price not go like their expectations.

dercfor

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Most of the members here or people involved with crypto will take things positively only. But the opinion of other people also matters. If we cannot convince those people to invest in crypto, it will not grow the demand for bitcoin.

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