Pages:
Author

Topic: Key Accelerators to bitcoin bull market - page 2. (Read 316 times)

hero member
Activity: 1722
Merit: 801
September 12, 2023, 08:42:57 PM
#11
I think you're underestimating other very important factors. What's halving, after all, if the people don't even know about Bitcoin? In this sense, Bitcoin awareness or education is more vital.
Education on Bitcoin is available and halving has its impacts to bring more people to Bitcoin, free courses& resources to learn about it.

More people exposed to it, more people will become Bitcoiners. It is biggest impacts from Bitcoin halvings and more people join means bigger demand while we know supply is the same, if not say it becomes less with time when more bitcoin lost.

That explains very sustainable growth of Bitcoin price year by year and its price does not dump after each halving pump like altcoins.
legendary
Activity: 2562
Merit: 1854
🙏🏼Padayon...🙏
September 12, 2023, 08:01:07 PM
#10

1.HALVING: it's a period  where investors,earners and miners of Bitcoin  get their rewards  for mining being shared or cut into halves.and this procesd takes place during every four years, so when this is done the market prices for Bitcoin rises and reduce inflation.

I'm pretty sure that halving is the only indicator that can accelerate the bull market. In fact almost every time bull market starts after halving and it gets intense after few month to a year of halving. I believe that this factor plays the most important role in bull market.

I think you're underestimating other very important factors. What's halving, after all, if the people don't even know about Bitcoin? In this sense, Bitcoin awareness or education is more vital.

Also, should we not consider the terrible flaws and failure of fiat? Does it not add to the bullish sentiment of the Bitcoin market that inflation in some countries is out of control and that people are looking for ways to preserve their wealth?

How about institutional adoption? Would you not count the huge amount of money that is in the hands of giant international financial institutions, for example, in the acceleration of the bull market?

All I'm saying is that halving is not "the only indicator that can accelerate the bull market."
hero member
Activity: 1736
Merit: 589
September 12, 2023, 06:53:56 PM
#9
I'd take inflation out of this. Bitcoin and USD aren't connected in any way whatso-ever, let alone any other currency in the outside market. To think that your currency has become more valuable cause everything is now in the gutter is a little skewed in my opinion. Just because the USD or any other reference currency for that matter is at the lower end of the spectrum when compared to bitcoin (keyword: compared) doesn't necessarily equate to a gain in bitcoin's end. All the world could burn and the USD could collapse but if bitcoin doesn't increase in intrinsic valuation, it's not going to increase in value no matter how hard you try. Everything else is good, just had qualms with that part lol.
hero member
Activity: 2716
Merit: 588
September 12, 2023, 05:45:32 PM
#8
You have mentioned some good and main factors here, and these almost are all the factors that are driving more traffic/adoption toward BTC. Many big platforms are endorsing BTC well at least trying to leverage the BTC technology but in the end they say they are trying their best to make things perfect for people so they can use BTC (talking about PayPal's interview). But still, the key factor is the halving. According to my short knowledge ( Cheesy ) after halving there comes bull run first and then bear run comes.

But still, the other factors, like ETFs, institutional adoption, Utilization of BTC, etc. will work as a fuel that will boost the engine of BTC rocket to the moon. And BTC might perform more than our expectations just because of these factors.

Those factors have in one way or another contribution to the market performance of BTC.
We can't single out any of these factors that will only influence the BTC movement.
They are important in the growth of BTC in the market, so we can consider such factors as integral part of BTC development.
full member
Activity: 476
Merit: 212
Tontogether | Save Smart & Win Big
September 12, 2023, 04:08:11 PM
#7
When the fundamental holders of Bitcoin start to get back strong, such as more Institutional adoption perspective which could happen as a result of getting the first-ever spot ETF on a scarce commodity as "Bitcoin" approved,  giving the institutional investors confidence to start converting or allocating some percentage of their wealth sitting there in, Gold, Bonds, real estate and stocks into BTC, hence bringing more money to melt into Bitcoin, it gonna be a blast.

When most people are cheering about institutional investors being on board, I am sensing a potential danger in it.

One of the core principles of bitcoin is decentralization, and this can be significantly reduced by those institutional entities. One or a few of them can control a large chunk of the circulating supply and influence the market. These institutional entities often go for short-term profits so they can make the bitcoin marketplace more volatile rather than let it grow as a long-term store of value. Another alarming point is what happens if one of these big companies fails to operate and has a big bag of bitcoin. This will be impactful for the market. Even there can be a shift in narrative as well. Bitcoin is highly known for its decentralized global currency, but heavy institutional involvement could shift this, with bitcoin being seen more as an institutional asset than a currency for people.
hero member
Activity: 784
Merit: 672
Top Crypto Casino
September 12, 2023, 03:12:49 PM
#6

1.HALVING: it's a period  where investors,earners and miners of Bitcoin  get their rewards  for mining being shared or cut into halves.and this procesd takes place during every four years, so when this is done the market prices for Bitcoin rises and reduce inflation.


I'm pretty sure that halving is the only indicator that can accelerate the bull market. In fact almost every time bull market starts after halving and it gets intense after few month to a year of halving. I believe that this factor plays the most important role in bull market.


2.EDUCATION: Education  is versatile "if your not informed you are deformed".
Saw a video of miss bitcoin,educating her kids on bitcoin .so enlightenment and educating on bitcoin will lead to the adoption of utility.


Education about Bitcoin is necessary but it doesn't play any role in boosting up the bull market. With proper education about Bitcoin one can protect his/her Bitcoin from hackers and can invest in it securely.



7.INSTITUTIONAL ADOPTION: Seeing top financial boys like Blackrock,Finetech and fidelity  in bitcoin will sure lead to investors keeping billions of dollars aside to invest in Bitcoin.
Also ETF from financial goals like Blackrock,fidelity and others is definitely a good  thing for bitcoin adoption that could lead to increase in price. Which is a good thing for those accumulating these Satoshi's for years now.

Yes, those type of ETF's from the top companies may increase the adoption of Bitcoin and we may see new investors in the world of Bitcoin due to those companies. But, still the top investors will only invest in Bitcoin if they like the idea of decentralization and other features of Bitcoin.
hero member
Activity: 2954
Merit: 725
Top Crypto Casino
September 12, 2023, 02:56:19 PM
#5
6.US/ARGENTINE  PRESIDENTIAL ELECTION: They might be out for themselves but what they do with bitcoin politically during campaigns and after campaigns can cause increase  since they are positive new bitcoin supporters.
I think that there is not that much change and movement with this factor for the price of Bitcoin. Or you can just come up together with this and the regulations. The effect that goes more with the regulations set by the government is more impactful. But since it's an election, words of the president or a candidate can also have some impact but at least for just that day until the promise will really be implemented and put into a law.
I remember that there's this US president candidate that has expressed his thoughts about Bitcoin and he's a supporter but he didn't win.
IIRC, that was Yang. We want someone like him in the government for more favorable laws about Bitcoin. But, if we're going to analyze the situation, at the end of it they are still politicians that makes promises just to get people's vote.
hero member
Activity: 798
Merit: 546
September 12, 2023, 02:50:42 PM
#4
When the fundamental holders of Bitcoin start to get back strong, such as more Institutional adoption perspective which could happen as a result of getting the first-ever spot ETF on a scarce commodity as "Bitcoin" approved,  giving the institutional investors confidence to start converting or allocating some percentage of their wealth sitting there in, Gold, Bonds, real estate and stocks into BTC, hence bringing more money to melt into Bitcoin, it gonna be a blast.
legendary
Activity: 840
Merit: 1004
September 12, 2023, 02:31:19 PM
#3
Key Accelerators that characterise the Bitcoin  bull markets are:

*Halving
*Education
*Devaluation/inflation of fiat money
*Spot ETF
*Regulations
*US presidential elections
*Institutional adoption
*Utility/Utilisation of Bitcoin

Some of the features you discussed are important to the Bitcoin ecosystem and not just for the bull run. For a newbie to come up with these points shows that you are gradually understanding the sector. Bitcoin halving, Spot ETF,  and advantageous regulation might be some of the factors that will affect the bull run next but other factors are long-term accelerators of Bitcoin adoption. If the application of BlackRock, Wisdom Tree, Invesco Galaxy, and others is approved, it might help in making the bull run a memorable one. I also agree that encouraging regulations, especially in the US can also contribute to the bull run.

But the US election is slated for November next year, so it might have little or no effect on the predicted bull run. Bitcoin education is a gradual process that might not impact the bull run next year. People turning to Bitcoin as a hedge against inflation will slightly affect the bull run because people have other alternatives.
sr. member
Activity: 1204
Merit: 466
#SWGT CERTIK Audited
September 12, 2023, 01:19:36 PM
#2
You have mentioned some good and main factors here, and these almost are all the factors that are driving more traffic/adoption toward BTC. Many big platforms are endorsing BTC well at least trying to leverage the BTC technology but in the end they say they are trying their best to make things perfect for people so they can use BTC (talking about PayPal's interview). But still, the key factor is the halving. According to my short knowledge ( Cheesy ) after halving there comes bull run first and then bear run comes.

But still, the other factors, like ETFs, institutional adoption, Utilization of BTC, etc. will work as a fuel that will boost the engine of BTC rocket to the moon. And BTC might perform more than our expectations just because of these factors.
newbie
Activity: 27
Merit: 1
September 12, 2023, 12:42:44 PM
#1
Bitcoin has grown massively since its existence and as cut across the bull markets as well which has made it a favourable economic conditions where  the market experience consistent growth by rising. And has resulted to the rise in prices in the bull market.

Key Accelerators that characterise the Bitcoin  bull markets are:

*Halving
*Education
*Devaluation/inflation of fiat money
*Spot ETF
*Regulations
*US presidential elections
*Institutional adoption
*Utility/Utilisation of Bitcoin

1.HALVING: it's a period  where investors,earners and miners of Bitcoin  get their rewards  for mining being shared or cut into halves.and this procesd takes place during every four years, so when this is done the market prices for Bitcoin rises and reduce inflation.

2.EDUCATION: Education  is versatile "if your not informed you are deformed".
Saw a video of miss bitcoin,educating her kids on bitcoin .so enlightenment and educating on bitcoin will lead to the adoption of utility.

3.DEVALUATION/INFLATION OF FIAT MONEY:inflation the general increase or rise in goods and services has caused the fall of bitcoin prices.and then the increase in money supply will devaluate the currency that is more money in circulation should be controlled  as it promoted bull markets because small increase caused by inflation will encourage people to spend more of their money rather than investing or saving it.

4.SPOT ETF: In the next 12-14 months would cause  a rapid effect prior to the bull market  bringing in both large and small  investors  leading to high demands causing a rapid hike in price. It's  good thing  for wherever segments yo get into Bitcoin.

5.REGULATIONS: Favourable regulations that supports Bitcoin fairly should be accepted, yes the crowd and the  people finds the control/power of the government tiring, but then this would be a good  push.
United States  should make Good regulations, for  they are far behind unlike Europeans who are doing better at this.

6.US/ARGENTINE  PRESIDENTIAL ELECTION: They might be out for themselves but what they do with bitcoin politically during campaigns and after campaigns can cause increase  since they are positive new bitcoin supporters.

7.INSTITUTIONAL ADOPTION: Seeing top financial boys like Blackrock,Finetech and fidelity  in bitcoin will sure lead to investors keeping billions of dollars aside to invest in Bitcoin.
Also ETF from financial goals like Blackrock,fidelity and others is definitely a good  thing for bitcoin adoption that could lead to increase in price. Which is a good thing for those accumulating these Satoshi's for years now.

8.UTILITY/UTILISATION OF BITCOIN: Having bitcoin in your wallets does not necessarily guarantee  you ownership or having it in your wallet  is not about holding it,it is your daily usage of it that matters.that is your day to day Utilisation  of it is also good  and that will generate  its increase.
Pages:
Jump to: