Topic: What are your predictions for the state of Bitcoin in 2024? - page 4. (Read 380 times)
2024 was a better year for Bitcoin as we have seen more than 150% increase in the price of Bitcoin hence not sure why are you referring to 2023 as a much worse year because it doesn't make sense. As far as 2024 is concerned we have entered new year with positive notes with just one dip we have seen so far and hope this year would be better but I think this year we should accumulate Bitcoin until we finally enter the bull run. My predictions for 2024 is neither bullish nor bearish rather it would be last opportunity to accumulate Bitcoin.
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/
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.
If you go through the bitcoin history, there you will found out that there's a lot to learn and know from it, check their previous performances, both high and low, make comparison on time intervals for each year rise and fall and see for yourself how Bitcoin has been wonderfully performing, if we have dip doesn't mean that the market is not going to rise again for our own profitability.
Do you think Bitcoin will be superior by 2024? Please share your thoughts.
Bitcoin has always been the superior right from inception, compared to other currencies that you're not sure about their performance, Bitcoin will give you the adequate expectations needed if you invest on it.
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OP, you seem to still be a new Bitcoiner, and if you take your time and study the price history of Bitcoin, you will realize that Bitcoin has two defined seasons, which are the bear and bull seasons. The bull season is when the price of Bitcoin usually spikes and Bitcoiners will begin to see profit from their Bitcoin investment, while the bear market is usually when the price of Bitcoin dips which gives investors the opportunity to buy. The year 2021 was the bull season for Bitcoin, but 2022 was a bad season. If you are wondering why the price is recovering so quickly, it's because we are in the Bitcoin halving season, which will give rise to another bull season.
Just like every other person in the space, I am very optimistic about the price of Bitcoin this season. I believe we may see an all-time high in the price of Bitcoin, either this year or by next year.
Just like every other person in the space, I am very optimistic about the price of Bitcoin this season. I believe we may see an all-time high in the price of Bitcoin, either this year or by next year.
Do you think Bitcoin will be superior by 2024?
Bitcoin's superiority is not determined by the price but the network. 1BTC is always equal to 1BTC and the network functions the same way right from when it first went online. When the price drops it gives you an opportunity to buy more at a discounted price.
Hownlow do you think fiat will drop in 2024?
2023 is much worse? As you can see from the chart after the bearish trend in year 2022 November it started to recover in year 2023.
This month it reached $45,001 marking a new all-time high(ATH) from 2023 to 2024.
This means it's already recovered from the bearing market and I believe this is not the final price point we will see a huge price surge after the upcoming event(block halving), similar to historical trends every after the block halving event.
I suggest read the historical value of Bitcoin under the link below.
- https://en.m.wikipedia.org/wiki/History_of_bitcoin#Prices_and_value_history
This month it reached $45,001 marking a new all-time high(ATH) from 2023 to 2024.
This means it's already recovered from the bearing market and I believe this is not the final price point we will see a huge price surge after the upcoming event(block halving), similar to historical trends every after the block halving event.
I suggest read the historical value of Bitcoin under the link below.
- https://en.m.wikipedia.org/wiki/History_of_bitcoin#Prices_and_value_history
Since 2022, the value of Bitcoin has begun to fall. Following that, 2023 was a much worse year
It is true that 2022 was bearish for bitcoin, but opposite was the case in 2023 becuase the price of bitcoin at the beginning of 2023 was $16500 but ended with almost $45000. Which means 2023 was a bull run year. in late 2003, a new version of Bitcoin was released.
Even if 2003 was a typo, no new bitcoin was released or created.Things will get better with time. Do you think Bitcoin will be superior by 2024?
Bitcoin has always been superior. But if you mean that bitcoin will increase more in 2024? Just hold and not sell, bitcoin price did increased after halving in the past. If spot bitcoin ETF is approved by United States SEC, this can also be positive for bitcoin. 
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.
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.
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