Topic: What lies ahead for Bitcoin in the coming days? - page 2. (Read 962 times)

No one can be absolutely sure about Bitcoin. What is going to happen next? However, this can be said with certainty. That Bitcoin and the people associated with it have a bright future.
However, experts predict the future on the basis of maps, graphs and their deep study and experience. And their predictions are quite effective and accurate. Now, however, 2023 is drawing to a close, and 2024 is pretty much what most people think. That this is a good year for people related to bitcoin and crypto.

No matter what people predict, nothing will go they way people will say it will happen. Everyone are saying the possible approval of the Bitcoin ETF, will increase the price, but something else can go wrong and that might push the Bitcoin price down.

It takes only one significant event to push the Bitcoin price down, because negative news has a bigger influence on the price, than positive news has. Let's say a major Exchange gets hacked or some government ban it again, like we saw with China. 

Well, I agree. Since bitcoin is an unpredictable investment, anything can happen to it at any time. It is also an investment that takes time, so we should take it as it comes. If you own bitcoin, you are expected to be patient when things go wrong during a down market because, in my opinion, you are not capable of holding bitcoin during a down market. However, in regards to 2023, I don't think it will be like 2022 because this year's bull run looks different from 2022, When you hold bitcoin and something happens to you during the year you own it, you will also learn some lessons and come to the conclusion that bitcoin is an excellent investment.

Yeah, obviously, another dip will be classical for Bitcoin enthusiasts or investors because everyone knows that Halvving comes up on the head and only lies ahead for a fews months. And another thing is also to be noted: the current sentiment also shows that the bull rally started, and according to expert's analyst, the Bitcoin price will be the stand-up and hold itself on above 36k to 37k and move sideways between 36k and 39k, or maybe be above.

So if we see Bitcoin from a price movement perspective, it is nearly in the hands of bulls, and the conclusion will be a massive gain in price. which fulfills the porpose of a goal-achiever. That is, those who are investors and are waiting for the bull to run in order to take their investment will achieve their goal (profit).

So the point of saying this is that the dip before the bull run is the real time of entry because, after that, you don't have to be patient and you get quick returns on your investment. And real investors also have the same thought: the moment I take the entry, after that, I get a straight-forward, huge correction.

What lies ahead for BTC are ups and downs or rising and falling op simply put. The same goes for literally every other cryptocurrency out there. Excluding stablecoins, this is how all cryptocurrencies usually behave.

BTC will never go back to 0 though and it will probably settle in between the $30K - $40K in the near future.

Traditional investment also has risks, so those who like to do it must also understand the risks involved. Because of the many investment models that I have seen, it seems that no investment is free from risk, so this causes investors to understand it first before carrying out it with their own intentions in a more mature manner. Opportunities to multiply investments and profits always exist in the market as long as the moment is right and you know how to take advantage of it.

We need to be prepared for the bull market that is coming so that we can utilize the opportunity for us to make money from the market.
The people that would make good profits from the market are those that already have Ben holding Bitcoin for so long before now.
Those that bought Bitcoin at a very low price will make huge profits from the market since they will be able to sell their holdings at a very high price making the difference to be high.

There is opportunity to double your investment from here but we should also keep the risks in mind. If you do not want lot of risks, you should stick with traditional investment options only.

Your view on Bitcoin is similar to a basic truth about investing: how you think about it matters. Not only the asset, but also how the investor feels about danger and uncertainty play a role. Bitcoin's volatility and rank as a pioneer show how much risk someone is willing to take and how much they believe in something. The "what ifs" are real, but they're also fun.

On the Bitcoin trip, its like surfing: skilled surfers can handle the waves, but beginners may have a hard time. What is the key? Figuring out the water, or in this case, how the market works. Managing your emotions and taking risks are very important. The future of Bitcoin? Uncertain, just like any other purchase. "If you're sure, jump in; if not, step back" are wise words. You have to know your boundaries, stand up for what you believe in, and follow your own rules. Remember that purchases are risky and there arent many sure things.

For sure the ETF applications did create a short-term hype but we all know that the impact of the ETF applications is far from short-term. Because when news breaks out about an ETF being rejected or approved by regulatory bodies, it can generate interest and speculations amongst Bitcoin investors which are going t be there for quite a long time. Let's assume an ETF is approved it sure would lead to increased buying activities and make Bitcoin more available and accessible to investors making the price to take a positive trend, and when an ETF is rejected, reverse might be the case and there would certainly be a decrease in market sentiments amongst investors and there is likely to be a dip in the price of Bitcoin because traders and investors market decisions are likely to be influenced by the news. And at this point this can't be considered to be a short-term hype.

These are the thoughts of people who may not be really familiar with Bitcoin or people who have negative thoughts about Bitcoin. Also, people who pretend to like Bitcoin but don't really believe in it.
Actually, it's simple. If you are still prejudiced by the various "what ifs" that you explained earlier, then don't invest in Bitcoin. Because however, there is still a high risk in Bitcoin, especially if we are not sure about this and it makes us easy to change our minds or panic every time Bitcoin experiences a price drop. This will be especially bad for your mental state.

However, for people who believe more in Bitcoin and have experience, and can manage risks and emotions so as to avoid panic, I am sure that if whatever happens to Bitcoin, no matter how bad the news is, they will believe, and will still continue to believe in Bitcoin that there will be It's time for Bitcoin to bounce back and rise again drastically.

And regarding the future which is of course uncertain and we all will not know how it will continue, then this will be beyond our expectations. We will never know what will happen in the future. Never mind about our investment in Bitcoin, our investment in various other things does not guarantee 100%, in fact we may not even reap the results of our investment because it could be that we are no longer in this world. So simply, if you are sure, keep investing, if not, stay away, because it will make you have a heavy burden. there is no zero-risk investment. As long as we can improve it, do it wisely

As that is smart decision, I had already put almost 70% of my total portfolio in the bitcoin, and I'm thinking of holding it for the next year when the bitcoin halving is there. Still I have much time to think of it,  but this was just my earning even that I had already earn from the same bitcoin which I had invested previously when bitcoin was about $20k then it also got a sudden pump and there I had invested and sold at a good price and also book my profit.


Also thinking of buying more if it comes below $30k but I didn't think it can fall below $30k. So, my opinion will be to store your 50% salary's amount in the bitcoin for a long term, don't try to rush on it.

Sure. People who still have the intention to buy Bitcoin and prepare their asset, will be happy with another dip. They will try to buy again and again, they will fill their bags as long as there is still enough time. But for people who already prepared their assets and no longer interested to buy, they won't care with another dip. They even may feel inpatient to see more dips, they surely expect the price of Bitcoin to skyrocket soon. So, not every Bitcoiner feels happy with another dip, it depends on their situation.

Bitcoin is the number one coin in the cryptocurrency market which many industries, company, institution and individual are depends on Bitcoin, which is the driven force of cryptocurrency market is Bitcoin and it required information to make money ahead in the crypto market space.

I am way ahead of you on that advice, I have 50% of my salary put into bitcoin no matter the prices, I know that even if I feel like I'm getting less value when I am buying right now, I still feel like I can get the profit because I am for the long-term in bitcoin so just hodling until I feel like selling is always going to be the best thing for me. I just hope that you're right about 40k being on the horizon, December can be a bad month too and if that is the case, we might see no recovery even until January because that is a particularly bad month for crypto.

Fed raise interest rates, bitcoin price rises. Fed lowers interest rates, bitcoin price drops. Although it's not consistent but it follows a trend.

Don't get me wrong, Bitcoin is independent and is not connected to the global financial system in any way, but the recent rise is happening because more people are buying other assets and getting rid of their dollars in the process, and it's not only happening to Bitcoin but to the other illiquid assets as well. Some people said it's because of the ETF applications but that was a short-term hype.

The same happens when the reverse event occurs (i.e. interest rates are lowered), because it becomes cheaper to deal with cash again.

Well, just to correct one part of this...I wouldn't expect something unlike anything we have seen before. If you look at past cycles, you will see that each time the returns are diminishing. While they are still significant, I wouldn't expect returns to be the same.

At the same time, the economic conditions are different. Institutional demand is also at another level. Average people are also taking things more seriously. These are possible reasons that it could be even more significant...though we should also realize that the market cap is much higher and therefore, these factors may just enable another successful bull cycle.

Only time will tell!

Influencers have said loads of things about BTC and many of what they have said didn't come through. I have decided to keep my slate open in anticipation of whatever comes. While you are busy with speculations, you miss the fun in the industry, just my way of going along with what comes.

What if… Bitcoin hits $1, what if… Bitcoin is now $30, what if… Bitcoin is now at $200… Breaking news Bitcoin is $1,000… $10,000… $20,000… what if this is the end?… Bitcoin is now $40,000… $50,000… Breaking news, new ATH; Bitcoin has risen over $60,000! Trust me, all this question will do is kill your time. Right from when Bitcoin was created, it had naysayers, it had those set of people who were saying “what if” but as you can see, it’s been over a decade and you can tell that Bitcoin’s root only gets deeper and deeper.

If we based on the current market position, I can say that bitcoin is bound to hit a new all time high before this year ends. But this is just a pure speculation since none of us really knows what's the future of bitcoin days and weeks from now. But one thing is certain, if the market will be full of consistent positive market factors that will affect the price of bitcoin, then for obvious reason, bitcoin will keep the price surging high until the end of the year.

However, since bitcoin is highly volatile, then we should be more open of its price pump and dump, and never expect for a consistent price increase. But whatever the condition of the market in the next following days, bitcoin will surely be in align with it.