Topic: What lies ahead for Bitcoin in the coming days? - page 5. (Read 962 times)

After reading the opinions and views of all the seasoned and experiencd members, all I could think of to question myself at the time was, "Why exactly didn't I consider the idea of DCA?"

That's really the most effective way to accumulate. I will have to accept the DCA idea without a doubt. Your suggestions and guidance were really beneficial; at the very least, I've fully stopped thinking about the hypothetical "WHAT IF" scenario.
Thank You

You don't need to start thinking about what will happen after now, what the faith of bitcoin will be, or what the price will be at the end of the year. If you are so concerned about the safety of your money, you should not even consider investing in any volatile asset, as there is no stable price for such, and we will always experience price pumps and price dumps in a while, and that's inevitable. With or without the fuds caused by the feds, we will experience price drops at some point in the crypto market.
 
What you should be most concerned about right now is how you can make the perfect investment plan that could reduce the risk you are taking. That's if you are convinced enough that you want to invest in crypto currency, but the fear of price is what's holding you down.
 
You can use some percentage of your weekly or monthly earnings to invest in bitcoin, which you can do using the DCA strategy, which is best recommended. With 1-5% of your earnings, you can start small, and at the end of the day, without thinking about price differences and changes, you can accumulate enough bitcoin without even realising how much you have invested, so far as you won't be investing in large amounts all at once, and this way you can be less pressured over price drops as you can also consider holding for a long period of time.

To be honest, I don't think we can all agree that 2023 has been a good year for Bitcoin. Was it better than 2022? I guess so, although the price in the first half of 2022 was largely higher than in 2023. In 2023, we've seen a general upward trend, but the price has been climbing up very slowly, with major setbacks, and it's still more than 40% down from the ATH point, and the year is almost over. Perhaps next year, the price will continue climbing up gradually, but that also can disappoint a lot of people if we see the price going a bit up, then down, then a little bit higher up than the last time, then down again, etc.
Nobody can predict the future, but I simply think that this general slow upward trend will continue, unless major negative events won't drive the price way down.

Nothing new but it's going to be same cycle of bull run then correction phase and possible bearish market. Wherein during bullish season everyone will start posting positive about Bitcoin and the famous posts "Bitcoin to moon", "Bitcoin to $150,000" will start appearing more often, once the market correction starts then fuds will start popping up and people will start panicking and doing panic selling and people will again fall for bull traps and some will be waiting for bull run once again. Amidst, all this there are sensible investors who do utilize both bear and bull market wherein they accumulate Bitcoin during bear market and gradually start selling Bitcoin during bull market and ensure they sell it off by the time market correction starts.


In general, Bitcoin's day ahead looks be have more positive news as all 12 Bitcoin spot ETF could be approved in a span of next 8 days.

For reference:
https://cointelegraph.com/news/bitcoin-etf-approval-window-sec-bloomberg-analysts

I think, the price of Bitcoin will hit higher more than what we are experiencing from the crypto market now, that made the price to change to another level to change the mind of those that said bullish season will not appear before the end of this year 2023. If the price can pump to this level to surprised investors yesterday, it show that the remaining weeks will be the weeks of celebration to Bitcoiners in the community, because many investors are waiting for the price to increase to $40,000 before they will start releasing their Bitcoin to the market to make passive income. My target is $40,000 in this year, but it look like the price is heading to $40,000 which it will happen soon for those that invested when the price was $27,000 few months ago to enjoy their reward.

I believe this here is the best advice I've received so far, especially the last phrase.

So would you be kind enough to share a clue of what investment strategy would be considered best to apply in a situation like this?

Just like what @phillipma1957 said fear not and worry less of what will happen to bitcoin but rather worry about how you will continue to increase your bitcoin portfolio weekly through DCA and only use the amount that wouldn't affect your other responsibilities so that you don't sell before the time that you will be reaping from your investment and don't forget to invest in a long term.

Next year after this halving will be a great time to bitcoin investors who could be patient enough to wait for the bull run and have also discipline themselves to make the DCA method of bitcoin accumulation their priority because bitcoin future is bright. Invest now and kill your fears with with regular DCA and lower the risk by having a long term goal.

Either completely leave all crypto because you are fearful

or do a weekly dca of an affordable amount for a few years.

In this case we cannot see what will happen in the future and your view of "what if" is not wrong but I think you fantasize too much with fear and just think more about the worst thing that makes yourself too anxious about it.
Being in bitcoin is a risky choice and we all know that so regardless of how much doubt you are expressing with the "what if" metaphor it has already been answered by saying that it is a risk so if you can't handle the risk then don't be in bitcoin because it will only make you think of more things just like you did in this thread.
But if indeed we already know that the risks and some possibilities that must occur about bitcoin then I think when you remain convinced that bitcoin is one of the things that you can maintain as an investment I think you will not think too much "what if" because indeed all you think about is how to add and do a good strategy in the investment made.

In terms of price, I think that it might stop increasing that much, we might have another chance to get some more cheap BTC. Nevertheless, it would not surprise me if we get a sudden price pump that will leave everyone out, as it happened in previous cycles

Bitcoin may have indeed recovered temporarily, but due to the market's volatility it's still very difficult and nearly impossible to predict what the next move might be. Some say there's gonna be a bullish run and some think otherwise. Also considering the fact that there are so many factors that Joins to influence the price of Bitcoin.

I think this makes it really hard to make any choice regarding the investment strategies and choices to apply. So what exactly do you suggest one should do in the midst of all these uncertainties?

In terms of price, no one know for sure what lies ahead for Bitcoin. The best we can do is to make projections based on various indicators and historic data and hope it materializes. On this ground, Bitcoin have never had a better future than it is looking now: the growing awareness, the ever-increasing interest by big investors (probably through Bitcoin ETF) and Bitcoin halving billed to happen next year are all indicators of a beautiful future for Bitcoin.

If rumors of ETF approval can cause the price of Bitcoin to soar as we are seeing of recent, imagine what will happen when the ETF finally get approved followed by the halving; this will mark a historic moment for Bitcoin.

Furthermore, from the perspective of usage, Bitcoin have an amazing future. Following the legalization of Bitcoin by El Salvador and Central African Republic, many countries will surely follow that direction when they see the transformative impact of Bitcoin in those two countries. This will indeed lead to many innovations and startups cum used cases for Bitcoin.

In conclusion, even when we cannot accurately predict the price of Bitcoin in the future, there are high chances that Bitcoin will continue to break new grounds while offering revolutionary opportunities and solution to people and businesses.

Correction and more bullish movement since 30K is already broken which the strongest resistance so far since the bearish market occur after the ATH. There’s no shit news like Luna and FTX that will make the crypto market crash. Institutional traders is also happy about their investment and potentially they will add more since they knew how strong the crypto market when everything is bullish.

Don’t Fear especially when we just overcome the biggest dump on the previous cycle. It’s same scenario when pandemic first hit the crypto market then later on pump hard after everyone trust crypto again. Crypto market is unstoppable with all the good news coming next year.

personally I say  this to the op. Fear not. Do a dca for what you can afford once a week. Then place some cash on the side for emergency.

If you did a dca from nov 2022 to nov 2023. 200 usd per week would become close to 20k more than double the cash you would have spent to do the dca.

to think we may double again in a year is thinking weakly.

So start your dca asap.

Risk in general is volatility, risk specifically is security. Fluctuation isn't a hesitation to invest, bitcoin actually doesn't offer that. You can see some whales like M Saylor how he survived even with the red market conditions a few months ago. However, with specific risks, bitcoin can cause someone to lose their investment in just a few seconds.
But yeah, some investors prefer to go against the advice: "invest what you can afford to lose", because there is no small amount of money that is worthless.

You're entirely Correct, my friend, but I'll wager that in the early stages of your Bitcoin adventure, similar situations would make you feel the same way. As a result, it's very common for novice Bitcoin users to experience mild panic attacks at such times. The Bible even states that your heart would be wherever your money or fortune is.

You would concur with me that developing this kind of trust requires a high level of experience, therefore I imagine that when new bitcoiners read your comment in this scenario, they would say, "Easier said than done."

What if this is actually the end of the world?
What if I'm making the wrong choice still working a job?
What if this, what if that...

Your questions are malleable and you can replace them with almost any thing and still be scared of what is to come.  None of us knows.  The fall of Bitcoin could coincide with my death.  I would not even get to see a crash before I close my eyes.  It is all a possibility and not worth stressing out over.

Bitcoin has temporarily recovered.  Does this mean it is going to crash again or recover more?  Who knows.  Nobody.

It's indeed been a rollercoaster ride for Bitcoin, and the uncertainty can be nerve-wracking. In the crypto world, unpredictability is the norm. While it's impossible to predict the future, Bitcoin's resilience over the years suggests that it has the potential to recover from various challenges.

Factors like inflation and interest rate hikes can affect the market, but Bitcoin has shown its ability to adapt and recover. It's crucial to stay informed, diversify your investments, and set realistic expectations. Always do your research and consider your risk tolerance.

As for 2023, it's a dynamic space, and we can hope for the best while being prepared for fluctuations. What's most important is your understanding of the crypto market and your investment strategy.

I can't say I've ever thought twice about choosing Bitcoin. I've been scared or worried a few times about Bitcoin but the reason I was worried was not "what if this is the end for Bitcoin". It was more of a "how long will it take for Bitcoin to go up again".
I believe Bitcoin will always appreciate, it's the time that gets me worried. This makes me start asking questions like "what if we don't experience another bull run in another 5,6,7 or even 10 years?"
But I've come to realize that, that's just my emotions talking. I still have those thoughts and emotions but they don't bother me like they used to.


The whole of the year I've maintained speculation that Bitcoin would get to $35k-$40k this year.
Bitcoin is on $36k now so I guess I was right. Right now I'm going to be more bullish and speculate that Bitcoin would get to $40k before the end of the year. (Please don't make a financial decision or any decision at all based on my speculation. I won't be responsible for any losses  ) Before you agree with me please do your research and have a basis for your conclusions.

With Bitcoin halving coming up next year I'm very bullish with my speculations of next year. If we're lucky we might see a new ATH next year. Next year would be a very good year for Bitcoin. It's going to be way better than this year.
And one thing I've noticed about Bitcoin is that it's kind of like grows a thick skin with time. The economic situation that could make it drop to $10k in the past doesn't affect it much anymore. If something similar to FTX happens again, Bitcoin won't be as bearish as it was the last time. I guess this means it's gaining more trust among Bitcoiners.

Nobody knows what will come for Bitcoin in future.

I only knows that there will be more Bitcoin blocks mined by Bitcoin miners and the network will continue to lively run and my belief goes to The bullish case for Bitcoin.

Recent months the hottest trend in Bitcoin community is Bitcoin Spot ETFs and price rises a lot because people thought there will be Bitcoin Spot ETF approvals from SEC. I don't know when SEC will approve a first Bitcoin Spot ETF in their nation but logically, with approved Bitcoin Futures ETFs, they have no reason to refuse Bitcoin Spot ETFs.

I know one more thing, a Bitcoin halving will come next year in April and Bitcoin will have a bull run with a halving. History will be repeated again and halving is a good catalyst for a bull run.