What are your predictions for the state of Bitcoin in 2024? - page 2.

Finestream

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Quote from: qwertyup23 on January 06, 2024, 02:18:50 PM

Quote from: Zaguru12 on January 06, 2024, 01:24:15 PM

I don’t know where you got this assertion from but they are wrong. To begin with the value of bitcoin doesn’t decreases but rather its price reduces and 2022 wasn’t the year it started. Secondly the overall price of bitcoin in 2023 did increase from around $16k to around $40k plus that’s around 160% pump so i don’t see last year as a bad one for bitcoin price. In 2024 we expect a better price increase than 2023 because of the much anticipated bitcoin halving.

I definitely agree with your comment.

With the BTC halving happening around April 26, 2024, expect its price to significantly increase in the market. Miners will definitely receive half of what they can currently mine which thereby increases the general price of BTC in the market. In fact, there are some threads that are speculating that the price of BTC may even reach $400,000 by the time the halving happens ¹ but still, there can be no accurate forecast on this.

With this information, it is now definitely recommended to HODL your coins in order to take advantage of the coming halving. For BTC's current state this 2024, I really expect its price to increase which is definitely a win-win situation for everyone.

1 https://www.coinspeaker.com/countdown-bitcoin-halving-2024-106/

Because of that, accumulating more bitcoin ansd hodling them is the best option. Although we can't guarantee that bitcoin halving will bring the same effect from its previous, but all I know is that bitcoin halving will bring a positive and big effect on bitcoin once it starts to happen. So no doubt, bitcoin by 2024 will definitely be a life changing and a win win for everyone.

gabbie2010

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Quote from: anushkasachith888 on January 11, 2024, 12:15:02 PM

ETF approvals and the upcoming halving could make 2024 a record year for cryptocurrencies, I wouldn’t be surprised if bitcoin breaks six figures. Who knows? but Crypto market is highly unpredictable as well.

Definitely these two events would shape the future of Bitcoin firstly SEC approval which is already done would surely trigger a high volatility in the price of Bitcoin to bullish run infact the Volume of Bitcoin traded on daily basis would rise sharply of course this is well expected since the fundamental news is positive coupled with the upcoming halving of Bitcoin I believe all those two positive news would push the price of Bitcoin to an ATH of $100K before the end of the year above all cryptocurrencies would thrive very well this year alot of altcoins would also thrive thus a big profit for early investors.

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Quote from: anushkasachith888 on January 11, 2024, 12:15:02 PM

ETF approvals and the upcoming halving could make 2024 a record year for cryptocurrencies, I wouldn’t be surprised if bitcoin breaks six figures. Who knows? but Crypto market is highly unpredictable as well.

The approval of the Bitcoin ETF is going to make the price of Bitcoin to skyrocket although we don't know if it's going to be immediately or something that would take place later. We just have to keep our eyes on the market and watch the future if Bitcoin creating a new height above the previous high. This is the time when altcoins would be doing well in the market and for us to make more profits, we just need to invest in some of the altcoins that we think would do well in the market looking at the nature of the projects and the community influence to push the price of the token bullish.

Vaculin

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2023 was certainly a prosperous year for bitcoin, not a worst year for bitcoin. Unlike 2022, bitcoin price by 2023 has made a significant price surge for bitcoin that made the people surprised to see it happening all of a sudden especially when the fake news for SEC approval has arise. Plus having the fact that bitcoin halving is coming near, the crypto market was very positive that year that made bitcoin to stay above $40k.

For 2024, I am expecting to see bitcoin more positive than 2023 most especially that SEC has finally approved bitcoin ETF, and that we are close to the next bitcoin halving that is bound to happen this year. A lot are preparing for bitcoin halving as it could lead to a new all time high for bitcoin.

Mahanton

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Quote from: BALIK on January 09, 2024, 10:23:40 PM

Quote from: BlackBoss_ on January 09, 2024, 09:17:06 PM

Quote from: GreatArkansas on January 09, 2024, 07:43:37 PM

For me yes, especially in this first quarter of 2024, the sign is when Bitcoin broke $47,000 a few days ago.
That is the sign for me, so even ETF will approve or not, I believe it will not affect really the price of Bitcoin, people already immuned about this ETF, they don't give a shit anymore to this.

Bitcoin has its halving and its bull runs are strongly correlated with its halving. Bitcoin Spot ETFs are not big contributors for Bitcoin bull run or bear run, halving is more decisive.

Bitcoin Halving cycle
Cycle repeat

They are two big things I look at in 2024 and I don't have plan to sell my bitcoins before the end of 2024. Along the way of Bitcoin bull run this year, there will be many news and fud but I believe demand on Bitcoin in 2024 will increase. As principle of supply and demand, its price will increase.

I believe bitcoin's recent rise to $47k was more related to ETF-related news than the halving event. In these days I don't see anyone talking about halving, everything that is spreading on the internet is ETFs, etfs. You're right, ETFs aren't the only factor driving bitcoin prices up, but it's clear that recent bitcoin volatility is related to etfs.

I believe that if the ETF is not approved, it will also have negative implications for the development of bitcoin and may cause the bull season to come later than we expected. Although the SEC's rejection of ETFs has been going on for many years, the heat on ETFs this time is completely different than many years ago, so the final result will also have a greater impact.

Now ETF has been approved then it didnt really did much of an impact if we do speak about increasing prices on which the price did make out some retracement on which means that not every positive sentiments
could really give out such positive impact from time to time into bitcoins price. Now that we are on 2024 on which it is the halving year then it cant really be that denied nor really be avoided for people not think
about those probabilities that this upcoming bull run would be huge considering that ETF has been approved then inflow of institutional funds would realy be something big on which its not really that shocking
that people or investors around is really that expecting something positive into this cycle on which this would really be huge.

This is why on someones personal own approach then it would really be that wise that you should really make yourself some position at the bottom or low price specially that the price
isnt really that getting high or really that getting pumped. If you do really mind off about making profits then this is the best time on securing your position.
Dont let this situation or opportunity come to waste considering that we are still that early to make positions and dont let yourself get left behind by the train
once again.

anushkasachith888

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ETF approvals and the upcoming halving could make 2024 a record year for cryptocurrencies, I wouldn’t be surprised if bitcoin breaks six figures. Who knows? but Crypto market is highly unpredictable as well.

GigaBit

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Quote from: Siyamsk on January 06, 2024, 01:03:49 PM

Since 2022, the value of Bitcoin has begun to fall. Following that, 2023 was a much worse year; in late 2003, a new version of Bitcoin was released. Furthermore, the market is gradually improving and stabilising. By 2024, we expect a slow recovery from our Bitcoin downturn. In the near future, it will also bring us good news. Things will get better with time. Do you think Bitcoin will be superior by 2024? Please share your thoughts.

As Bitcoin has been bearish for a long time, Bitcoin enthusiasts will now see its bullish movement. Bitcoin halving event occur every four years through which the price of Bitcoin increases dramatically. From 2012 to 2020, we have seen three halvings of bitcoin. Now in 2024, Bitcoin Halving is going to happen after a few months later. 2024 will be a historical year not only because of Bitcoin halving, but ETF funds are going to be associated with it. SEC's ETF approvals have resulted in a massive increase in the market cap of the crypto market. I will definitely look at this year differently than others.

criptoevangelista

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Of course yes, the bearish cycle ended in December 2022 and since then the price has only gone up.

And it will continue to rise as we have the halving, the start for the new bull run has already been given!

enjoy the journey! After the storm (2022) there always comes a calm, nothing falls forever!

dlightag

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The price of Bitcoin always move by session which one need to understand and it always occur after Bitcoin halving which the price normally skyrocket and has happened every four years counting down which the first Bitcoin having was 28. Nov. 2012 and second halving was 9. July 2016 and third one happened May 11. 2020, Base on the history after Bitcoin having, it always has a great impact price increase that no one can give exactly price, which is currently now Bitcoin halving 2024 is fast approaching and is going break the previous price increase.

Sanitough

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Quote from: Zaguru12 on January 06, 2024, 01:24:15 PM

I don’t know where you got this assertion from but they are wrong. To begin with the value of bitcoin doesn’t decreases but rather its price reduces and 2022 wasn’t the year it started. Secondly the overall price of bitcoin in 2023 did increase from around $16k to around $40k plus that’s around 160% pump so i don’t see last year as a bad one for bitcoin price. In 2024 we expect a better price increase than 2023 because of the much anticipated bitcoin halving.

You are right mate. 2023 was indeed a profitable year for bitcoin since the rate of price increase is actually high compared to its previous year, and most probably, we will see a better version for bitcoin by 2024 as SEC has finally approved bitcoin ETF and from there, we will see bitcoin price rising significantly which will be a good start of the year. And the most awaited part is bitcoin halving, which is set to happen early this year so we should look forward for it.

Crypto Library

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Quote from: Siyamsk on January 06, 2024, 01:03:49 PM

Since 2022, the value of Bitcoin has begun to fall. Following that, 2023 was a much worse year; in late 2003, a new version of Bitcoin was released. Furthermore, the market is gradually improving and stabilising. By 2024, we expect a slow recovery from our Bitcoin downturn. In the near future, it will also bring us good news. Things will get better with time. Do you think Bitcoin will be superior by 2024? Please share your thoughts.

The main thing is that it is never possible to say with 100% guarantee what the future price of Bitcoin will be, but if we want to analyze the past records, it is possible to make a prediction. That being said, I would say that 2024 will be a happy year for those who have passed through 2022 and 2023.
Because I think 2024 is a recovery year for Bitcoin. The reason I am saying that observing the previous and after situation of bitcoin past halving periods. I think the price of bitcoin will be better in 2024 than 2023 it may fluctuate around 40k to 50k range

0t3p0t

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Quote from: Siyamsk on January 06, 2024, 01:03:49 PM

Since 2022, the value of Bitcoin has begun to fall. Following that, 2023 was a much worse year; in late 2003, a new version of Bitcoin was released. Furthermore, the market is gradually improving and stabilising. By 2024, we expect a slow recovery from our Bitcoin downturn. In the near future, it will also bring us good news. Things will get better with time. Do you think Bitcoin will be superior by 2024? Please share your thoughts.

It is still too early to speculate but one thing is for sure it keeps on thriving. A lot of things might happen on it's way to the end of 2014 but I know Bitcoin will stay as great as it is.

Oasisman

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Quote from: Siyamsk on January 06, 2024, 01:03:49 PM

Since 2022, the value of Bitcoin has begun to fall. Following that, 2023 was a much worse year.

I don't know where have you gathered that data, but let me tell you that it is not correct. In 2022 bitcoin took a huge fall, but 2023 is actually a good year as bitcoin have made a noticeable recovery and turn everything around, a complete opposite than 2022.

Quote from: Siyamsk on January 06, 2024, 01:03:49 PM

By 2024, we expect a slow recovery from our Bitcoin downturn

Again, I don't know where you have heard it, but majority of the investors are not expecting a slow recovery this year all the way to 2025, but again it's the other way around. Everyone are so bullish because of the bitcoin halving and the news regarding spot bitcoin ETF. These two major events will definitely make a huge impact on the market sentiments that would potential make bitcoin price pump in no time.

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Quote from: Siyamsk on January 06, 2024, 01:03:49 PM

Since 2022, the value of Bitcoin has begun to fall. Following that, 2023 was a much worse year; in late 2003, a new version of Bitcoin was released. Furthermore, the market is gradually improving and stabilising. By 2024, we expect a slow recovery from our Bitcoin downturn. In the near future, it will also bring us good news. Things will get better with time. Do you think Bitcoin will be superior by 2024? Please share your thoughts.

Bitcoin is superior even in all years so what are you asking about if bitcoin will be superior?

https://coinmarketcap.com/

look at that , Bitcoin never drops down being a superior so maybe what you are asking here is will bitcoin make its run this year? so this means after Halving ? because bitcoin starts increasing in the first week of January and up to now staying at 46k strongly , how much time we need to wait before 50k breaking?

Ben Barubal

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Quote from: Siyamsk on January 06, 2024, 01:03:49 PM

Since 2022, the value of Bitcoin has begun to fall. Following that, 2023 was a much worse year; in late 2003, a new version of Bitcoin was released. Furthermore, the market is gradually improving and stabilising. By 2024, we expect a slow recovery from our Bitcoin downturn. In the near future, it will also bring us good news. Things will get better with time. Do you think Bitcoin will be superior by 2024? Please share your thoughts.

The only thing I can think of here is that in the year 2024, the price value of bitcoin may only be x6 to x10 this year of 2024-2025, but this is just my opinion, and I don't know if other fellow communities will agree with me here in this forum section.

Maybe it can reach 150k-200k per bitcoin in the upcoming bull run. That's why those who have holdings of at least 1 bitcoin and above will for sure get a good profit in bitcoin. if they reach at least 150k each.

Kelvinid

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Quote from: Siyamsk on January 06, 2024, 01:03:49 PM

Since 2022, the value of Bitcoin has begun to fall. Following that, 2023 was a much worse year; in late 2003, a new version of Bitcoin was released. Furthermore, the market is gradually improving and stabilising. By 2024, we expect a slow recovery from our Bitcoin downturn. In the near future, it will also bring us good news. Things will get better with time. Do you think Bitcoin will be superior by 2024? Please share your thoughts.

This year seems to be another big year for the crypto industry as we are expecting ETF approval and the halving event will have impact on the market price.

However, I don't think it will be superior this year that is too early to assume but if we talk about a price increase that is likely possible. Perhaps, this would be expected as the demand increases as well. Bitcoin has a futuristic view and potential but as we assess on its development, it takes several years to see its market superiority. However, this will become impossible with everyone's support --use as a payment option, active trades, and trust.

BALIK

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Quote from: BlackBoss_ on January 09, 2024, 09:17:06 PM

Quote from: GreatArkansas on January 09, 2024, 07:43:37 PM

For me yes, especially in this first quarter of 2024, the sign is when Bitcoin broke $47,000 a few days ago.
That is the sign for me, so even ETF will approve or not, I believe it will not affect really the price of Bitcoin, people already immuned about this ETF, they don't give a shit anymore to this.

Bitcoin has its halving and its bull runs are strongly correlated with its halving. Bitcoin Spot ETFs are not big contributors for Bitcoin bull run or bear run, halving is more decisive.

Bitcoin Halving cycle
Cycle repeat

They are two big things I look at in 2024 and I don't have plan to sell my bitcoins before the end of 2024. Along the way of Bitcoin bull run this year, there will be many news and fud but I believe demand on Bitcoin in 2024 will increase. As principle of supply and demand, its price will increase.

I believe bitcoin's recent rise to $47k was more related to ETF-related news than the halving event. In these days I don't see anyone talking about halving, everything that is spreading on the internet is ETFs, etfs. You're right, ETFs aren't the only factor driving bitcoin prices up, but it's clear that recent bitcoin volatility is related to etfs.

I believe that if the ETF is not approved, it will also have negative implications for the development of bitcoin and may cause the bull season to come later than we expected. Although the SEC's rejection of ETFs has been going on for many years, the heat on ETFs this time is completely different than many years ago, so the final result will also have a greater impact.

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Quote from: GreatArkansas on January 09, 2024, 07:43:37 PM

For me yes, especially in this first quarter of 2024, the sign is when Bitcoin broke $47,000 a few days ago.
That is the sign for me, so even ETF will approve or not, I believe it will not affect really the price of Bitcoin, people already immuned about this ETF, they don't give a shit anymore to this.

Bitcoin has its halving and its bull runs are strongly correlated with its halving. Bitcoin Spot ETFs are not big contributors for Bitcoin bull run or bear run, halving is more decisive.

Bitcoin Halving cycle
Cycle repeat

They are two big things I look at in 2024 and I don't have plan to sell my bitcoins before the end of 2024. Along the way of Bitcoin bull run this year, there will be many news and fud but I believe demand on Bitcoin in 2024 will increase. As principle of supply and demand, its price will increase.

GreatArkansas

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Quote from: Siyamsk on January 06, 2024, 01:03:49 PM

(....)
Do you think Bitcoin will be superior by 2024? Please share your thoughts.

For me yes, especially in this first quarter of 2024, the sign is when Bitcoin broke $47,000 a few days ago.
That is the sign for me, so even ETF will approve or not, I believe it will not affect really the price of Bitcoin, people already immuned about this ETF, they don't give a shit anymore to this.

EarnOnVictor

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Quote from: Siyamsk on January 06, 2024, 01:03:49 PM

Since 2022, the value of Bitcoin has begun to fall. Following that, 2023 was a much worse year; in late 2003, a new version of Bitcoin was released. Furthermore, the market is gradually improving and stabilising. By 2024, we expect a slow recovery from our Bitcoin downturn. In the near future, it will also bring us good news. Things will get better with time. Do you think Bitcoin will be superior by 2024? Please share your thoughts.

What are you saying? I don't think you know much about Bitcoin, you could have at least studied the chart before bringing out facts. Point of correction, Bitcoin started falling in 2021 after hitting the ATH of almost $69,000, and not 2022, but the fall was aggravated in 2022 due to the global inflation that bit so hard. This happened till late 2022 when the coin was close to $15,000, that was when it started rebounding and recovering until we achieved the price we are now.

The year 2023 was a mixture of both bearish and bullish movements, but in the end, the bullish trend prevailed, and thanks to the ETF saga that made it happen. Going forward, since we are in the season of halving spirits, I believe that the post and pre-halving effects will continue to play out, and in the end, Bitcoin will record tremendous gains over time.

Topic: What are your predictions for the state of Bitcoin in 2024? - page 2. (Read 380 times)