If you are still looking for motivation, think of it as buying btc at a discount. Maybe the fact that bitcoin survived many crashes in the past, including the dump to $3K from $20K, will help you realize that it will bounce back. If it doesn't pump to new ATH next year and closed at $15K, it could still happen the year after. Also, $15K isn't that bad is it?
Topic: What If Bitcoin go the other way next year - page 2. (Read 284 times)
people are expecting next year that Bitcoin will surpass it's all time high a year after the halving,
It doesn't matter what people expect to happen. The market will move based on supply and demand.the past records show that Bitcoin always hit a record high a year after the halving what if it go the other way instead of making another all time high it only hit $15000
"Past performance is no guarantee of future results."what will be your motivation as a holdler, trader and investor?
I'm a long term investor. Bitcoin at sub all-time high prices are just accumulation opportunities.
Nobody knows where its going to go next month, next 3 months or next year. Your guess is as good as mine. Covid19 is still with us and unemployment levels are still a problem. So eventually the stock market can snap back to reality start crashing... and bitcoin being correlated can go down with it.
Remember how everybody assumed $6K was the low back in Nov 2018? People were doubleling down on their long positions because they assumed that it must be the bottom and has to hit at least $10K before resuming lower and look what happened. We crashed all the way down to $3K and nobody could of predicted that. We also spent a long time <$6K area after it crashed. Hence who knows history might repeat itself again.
Remember how everybody assumed $6K was the low back in Nov 2018? People were doubleling down on their long positions because they assumed that it must be the bottom and has to hit at least $10K before resuming lower and look what happened. We crashed all the way down to $3K and nobody could of predicted that. We also spent a long time <$6K area after it crashed. Hence who knows history might repeat itself again.
I don't want to sounds like a pessimists, but what if next year Bitcoin shows a different direction like what if instead of going to surpass the all time high it did not, people are expecting next year that Bitcoin will surpass it's all time high a year after the halving, the past records show that Bitcoin always hit a record high a year after the halving what if it go the other way instead of making another all time high it only hit $15000 what will be your motivation as a holdler, trader and investor?
I am okay if bitcoin could only hit $15k in the next year because that means I can make a profit, even the profit will be bigger than a few years ago. If that happens, I think the altcoin will take the position to rise so high, so that means we will make additional profit from altcoin in bitcoin, so we have more bitcoin that will give the big profit.
Somehow, bitcoin will increase and surpass more than $20k in the future, whether it will happen this year, next year, or even the next 2 years later. You don't have to pessimist about that, but you need to be sure that bitcoin will book the highest price after the halving.
The motivation for me is seeing the lows of Bitcoin slowly go up every year. We may not hit the all time high next year but we rarely see Bitcoin hit the lows from the previous year.
Imo it's probably good if this trend continues so that the price stabilizes even more and we don't eventually end up in another correction that could send a lot of traders in to panic mode.
Imo it's probably good if this trend continues so that the price stabilizes even more and we don't eventually end up in another correction that could send a lot of traders in to panic mode.
If Bitcoin fails to cross the all-time high next year, there would likely be a lot of dumping from weak hands who may have bought at a high price or failed to reach their profit margin. Some others would be steadily accumulating when FUD sets in.
There has only been two halvings prior to the most recent one, so it does not indicate a reliable pattern of market reaction to halving events and I'm not basing my believe that the price would rise solely on that. There has been lots of bullish signs of recent;
• Microstrategy adopting Bitcoin
• New ETFs being launched
• Grayscale buying up a huge number of mined coins.
• Fidelity Bank looking to get into Bitcoin
As well as more adoption from retail outlets. These indicators would influence my resolve to hodl, in addition to the fundamental system which makes Bitcoin more appealing than fiat in the long-term.
There has only been two halvings prior to the most recent one, so it does not indicate a reliable pattern of market reaction to halving events and I'm not basing my believe that the price would rise solely on that. There has been lots of bullish signs of recent;
• Microstrategy adopting Bitcoin
• New ETFs being launched
• Grayscale buying up a huge number of mined coins.
• Fidelity Bank looking to get into Bitcoin
As well as more adoption from retail outlets. These indicators would influence my resolve to hodl, in addition to the fundamental system which makes Bitcoin more appealing than fiat in the long-term.
I don't want to sounds like a pessimists, but what if next year Bitcoin shows a different direction like what if instead of going to surpass the all time high it did not, people are expecting next year that Bitcoin will surpass it's all time high a year after the halving, the past records show that Bitcoin always hit a record high a year after the halving what if it go the other way instead of making another all time high it only hit $15000 what will be your motivation as a holdler, trader and investor?
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