Topic: The future of Bitcoin: Bullish or Bearish (Read 746 times)

I could say that we do still be thankful with that Cointelegraph incident (not for those shorters though) on which the price did jump to 29k or almost hitting 30k but on the time that it was proven fake then the price did make out some correction but it didnt really get back into the level it was before on which its on 26700-900ish but the price had just stayed up on 28k price on its bottom and the price starts to climb up.
Yes, it is really that good to see that the price now or the entire market which is really that green that we havent seen for a while which it do really gives out that good vibes on which it is really that good to see
the market today or on this week.Lots of happenings but ending up on green and for those who do make out some positions earlier then selling out or making some snipping of profits as of this time wont really be that a bad
idea.
Future of Bitcoin? There's no way on telling on where it would really be heading up and this is why it is always been that unpredictable on where it would be going. It would really be basing up
on the demand and recognition as always and there's no way that we could really be able to tell on whats next. For now then lets just simply cherish on what we are currently seeing.
It is really just that good to see that we are in greens now but expect that there would really be corrections would happen later-wards.

I'm pretty positive that the demand will obviously keep increasing over time, but I'm doubtful about the countries legalizing Bitcoin that you've mentioned, there aren't really a lot of countries that have legalized Bitcoin at this point, some might be supportive towards it, some might be thinking of regulating it, but there aren't a lot of actual positive moves by a lot of countries so far. However, you are right that it's advancing slowly and steadily, and we will reach there as well.

About companies accepting Bitcoin, yep, there is progress in that area as we can see. Recently, Honda, one of the most popular car manufacturing companies in the world, announced that they will be accepting cryptocurrency payments through a third-party service which is great news for the industry as other companies might follow as well in the future.

I get it. None of us would want to predict that bitcoin's future will end up being bearish. Of course, knowing there are high potentials for bitcoin to grow successfully, then its safe to say that it should have a bullish future. But in reality, none of us either can ensure that bitcoin is most likely to go up and continue surging its price. Bitcoin is highly volatile and price fluctuations are expected from time to time, which makes it very unpredictable to predict correctly.

However, at the end of the day, all we want to see is that bitcoin to stay bullish and I think it will never disappoint us. And as long as its adoption is working in progress with some countries that are now turning bitcoin friendly, then probably the chance to make bitcoin bullish is quite high.

the market shows good act this week and now working to cross 30k

https://coinmarketcap.com/

the Whole market is showing greenish today since yesterday, and I love this slow movement than what we had recently after the fake news of Cointelegraph .

if this will continue till Sunday night , then maybe this is the journey to stay above 30k till December ends.

There are indeed a lot of companies that have legalized Bitcoin and most of them are large companies, but for countries I don't think there are many who want to legalize Bitcoin. But the bullish thing will remain in Bitcoin and that will probably continue to be true in Bitcoin because even without being legalized by many countries Bitcoin can still increase more in the market simply because there are more investors and traders who still believe in Bitcoin so that it increases something big will definitely happen again for Bitcoin.

I do not think that bearish market could ever be here to stay, we have more and more people who are buying and holding for the long term, making the supply even less, so when the price starts to go up even a little bit, there will be a lot of people who wants to buy but there won't be that many bitcoins left to sell, sellers have a harder time if they want to keep selling it and drop the price, they need to convince others to end up selling their holdings, and that's not an easy job during a bull run.

So, bearish will not be all that easy and should not be all that possible, sure it happens sometimes but that doesn't mean that it will happen at all times and we should be seeing it change one way or another for sure.

This is a fluctuation in the price of Bitcoin because of its high volatility, up and down quickly it is common and it can be utilized for profit.

Buy bitcoin and hold for a certain period of time or target at a predetermined price.
Holding for the long term will have its limits, not holding for a lifetime as you said.
We need profits to buy what we want, not as a collection for the wallet alone.

Bitcoin's decline phase this time is still at a fairly good level compared to previous years.
But if you look at the last ATH decline, Bitcoin has dropped by more than 70% and this is a good opportunity to continue to buy and accumulate so that profits will be more when ATH is reached again.

But it is still quite possible to reach the price of $30k, provided that there is no FUD on Bitcoin and some positive news continues to emerge as well as related news of ETFs that approve Bitcoin.

If we have happened to witness how bitcoin moves from scratch to its present position, how it’s price has surge high despite of its price declines, then we will know that bitcoin future is not to stay at its bearish position but to always move forward and soar high until it reaches a new all time high, and when it happens, a bullish market will take over.

    However, with some factors that will easily affect the price of bitcoin, some have been blinded that bitcoin will find it hard to be bullish again and that the bearish market is here to stay. Well, actually both bring opportunities for every bitcoin investor. But if we are talking about how the future of bitcoin will be, then obviously its destination is to achieve a very bullish price that makes it highly valuable compared to any other crypto coin.

I was bearish this year until Summer Cycle ended. Now , with Autumn already here , I think we are already in a baby Bull market that it slowly growing from a day to another but I don't expect huge sudden rise in price and Bitcoin could achieve around 33-35k$ by the end of the year. 

If BTC is limited in supply which is true then the correct answer is> Bitcoin will always be bullish or rise in price. It's just that the financial market works in 2 cycles and that is bullish and bearish.

I think this is for the people to buy low and sell high because it's also doesn't make sense that we will just buy a BTC and HODL it forever. For what we are doing it? If we want some kind of a souvenir or a digital asset that is only good for displaying purposes or as a collectible then I think the NFT's can offer it better or are going to be a perfect fit for it. Back in the bulls and bears, even BTC is in a bearish phase, its value will always be higher than on most previous years.

In your definition of near future, I think the bullish movement won't yet start. If there are price increases during that time, that's far from the real bullish moments which we are expecting several months or even more than a year after April of 2024, which is the halving month. That's basically what the charts are saying. There's a fundamental reason behind that. After the bullish movements, during which time a new ATH is highly expected to happen, a correction ensues.

There are many reports that more and more companies are adopting bitcoin so there will be an explosion in demand in the future, especially now that many countries have legalized bitcoin so the future of bitcoin will be bullish, the biggest test for investors now is to be patient and optimistic, wait another 2 or 3 years then the price will reach at least $100k.

Most likely, in the near future - within half a year - we are expecting the beginning of a bullish movement. In the near future - a decline by half. Of course, we cannot predict whether bitcoin will show its full growth potential in 2024 or whether it will culminate in the first half of 2025. Most likely, bitcoin will, as always, fool everyone

That's where the key is and the level of rationality is not at the level of the ability of the source of the investment but rather how someone can be responsible for the selection method taken. Bitcoin will not be useful for individuals if they are not involved in it, therefore I mention that the level of rationality is very dependent on those who are able to take a chance on bitcoin.

No one can predict the future with certainty, but if we look at the potential in bitcoin, at least we have confidence that bitcoin will become an investment method that has influence and is able to maintain its existence. Based on what we see and with the evidence that Bitcoin has currently provided, talking about risks anywhere cannot be separated from it, but if someone understands how it works then these risks can be minimized.

Create an investment percentage with an amount that can be adjusted for other needs, for example having the same criteria or a different budget set. So life doesn't just always talk about investment, but there are other things that we need to prepare especially if we already have a family there will be many other responsibilities that need to be taken care of.

Definitely yes but we have to go through the process and bear market is also part of that process.
If you are looking at the Bitcoin’s journey you’ll see the bullish patter and yes it becomes more expensive every year. The market is running and its very volatile, anything can happen with Bitcoin but I’m sure we are still heading into a more bullish trend. The future is with Bitcoin, lucky to those who will adapt early and trust the Bitcoin process.

I have always seen that the bitcoin market will be bullish, but things are not just because they seem to me, or because it seems to a member of the forum, there is a prediction model, and what I like the most is PlanB, maybe Many don't like it, but it seems to me that it is the most accurate model, perhaps there are some influences that move it away a little, but the general and long-term behavior for me is bullish and continues to be fulfilled, bitcoin has not fallen that much and It stays there, it just starts a trend that goes down and then it recovers, it goes up, there is more ATH and then it goes down, it's normal, but it doesn't go down that much, the PlanB model for me is the best.

Bitcoin supply is deflationary so there is no reason not to be bullish in the long term. Its price will skyrocket as the adoption rate increases gradually. Investors will fight for their bitcoin share in the market. It's limited supply makes it more attractive to long term investor as there isn't an unlimited supply to dilute their money. Bitcoin has all the facts to be bullish on it.

The most rational approach in my opinion is, invest only the amount you can afford to lose. That's pretty wise for any investment asset. They may be worried about the future, but bitcoin has a good future based on the foundation it has built among its community so far.


I'm not forbidding anyone from worrying about the future, but I personally wouldn't worry too much considering what bitcoin has achieved so far. Bitcoin has become known globally even though not everyone invests in it, but it is a strong foundation for bitcoin and its future despite the price volatility of each cycle.

Risk always exists for any investment asset, but risk tolerance still needs to be considered wisely. Don't invest all your budget in bitcoin, I mean you still need to have a reserve budget for other important things. Bitcoin does not guarantee the future, but it has a good future because we will probably find that millions of people have lost faith in the centralized financial system.

Instead of bull or bear, the best option is to make your own plan and act in line with that plan. Since our common opinion is that the bull season will come, our goal is to enter the bull season ready.

There is a lot of news about the market. Many news such as FTX events can negatively affect the market. Bitcoin continues on its solid path after all this news. When the time comes, it will come to the price it deserves. It will be worth what the investor waits for.

I can't give an opinion for short-term investors, but I can say something for long-term investors. Do not take the negative news in the market seriously and continue investing in Bitcoin for your goal.

April 2024 is just at the point of the bitcoin halving and if all things being equal we expect to see a significant price increase at that time since block size and this usage in higher demands a mist scarcity due to block reductions,  this will motivate a more market activities and also bust the market viability.

So for that, we have to see a no less bankruptcy from institutional Bitcoin investors,  unless if due to internal financial crisis but not due to Bitcoin price not going up.