What’s going to make Bitcoin turn from a downward to an upward trend?

fuguebtc

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Quote from: fzkto on November 04, 2022, 05:06:30 AM

Quote from: ginsan on November 03, 2022, 01:11:02 PM

Quote from: ?? on ??

I am afraid that demand for bitcoin will not grow for long. It only happens when the price goes up, i.e. demand grows purely because of price manipulation. For example right now bitcoin is cheap, but only you and I need it, and other people aren't interested in it. Bitcoin is a new phenomenon, but I'm not sure it will prove to be anything stable. The bubble will inflate and deflate and most people will be disappointed and lose money.

I don't think so, I think bitcoin will continue to grow with greater demand in the years to come, We have to look at the longer term side to see more aggressive gains and be able to create new ATH. some big news is urgently needed to boost mass adoption. Well at the beginning of this month the price of bitcoin was more sideway in recent days and this shows that bitcoin demand is still stable in the sell-off. I think it has a big impact because we are approaching the end of the year and a lot of people will probably be selling bitcoins for their purposes in celebration of the end of the year. we can take advantage of the situation to buy at a lower price.

I understand that bitcoin is the most popular cryptocurrency. I also believe in it, but now there are a lot of shitcoins that no one is surprised by anymore. I think that Ethereum may soon replace bitcoin at the top of the list. I hate to believe it, but bitcoin's dominance in the market is constantly falling and will never go back to the levels it was 5 years ago, for example. But let's hope that in the future cryptocurrencies will indeed be much more mainstream than they are now.

What makes you think that ethereum is slowly replacing bitcoin, I don't understand what you are saying, do you have any proof of what you are saying? Why is the demand for bitcoin decreasing and the demand for shitcoin increasing? Today market participants first thing they will care about is shitcoins because of the hype they bring but most of the time will realize that bitcoin is the safest investment in the market. That is evident during bear season when shitcoins plummet and there is no possibility of recovery but bitcoin will always lead in terms of resilience.

fzkto

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Quote from: ginsan on November 03, 2022, 01:11:02 PM

Quote from: ?? on ??

I am afraid that demand for bitcoin will not grow for long. It only happens when the price goes up, i.e. demand grows purely because of price manipulation. For example right now bitcoin is cheap, but only you and I need it, and other people aren't interested in it. Bitcoin is a new phenomenon, but I'm not sure it will prove to be anything stable. The bubble will inflate and deflate and most people will be disappointed and lose money.

I don't think so, I think bitcoin will continue to grow with greater demand in the years to come, We have to look at the longer term side to see more aggressive gains and be able to create new ATH. some big news is urgently needed to boost mass adoption. Well at the beginning of this month the price of bitcoin was more sideway in recent days and this shows that bitcoin demand is still stable in the sell-off. I think it has a big impact because we are approaching the end of the year and a lot of people will probably be selling bitcoins for their purposes in celebration of the end of the year. we can take advantage of the situation to buy at a lower price.

I understand that bitcoin is the most popular cryptocurrency. I also believe in it, but now there are a lot of shitcoins that no one is surprised by anymore. I think that Ethereum may soon replace bitcoin at the top of the list. I hate to believe it, but bitcoin's dominance in the market is constantly falling and will never go back to the levels it was 5 years ago, for example. But let's hope that in the future cryptocurrencies will indeed be much more mainstream than they are now.

tygeade

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Quote from: YOSHIE on October 31, 2022, 09:49:19 AM

Quote from: Superdoctor on October 14, 2022, 08:15:12 AM

I think this is the most accurate answer I’ve gotten so far

It seems I have to be a little patient lately judging and reading about Bitcoin speculation, it seems I have to stick to my stance and commitment to myself the continuation and direction of Bitcoin development now and in this year, it seems that such a method is a bit quieter for me, rather than having to see and read the direction of speculation which makes me a little sick to the count and towards the $$$$$ level.

I've seen and read about Bitcoin speculations to come, but still speculation experts are talking in an uncertain direction, today he says A$ tomorrow he says B$, this really confuses me, but I believe Bitcoin will go down again at the lowest point and will rise again to the highest point, but I don't want to mention how many $__$ numbers in have to calculate yourself.

Well, if you are not entirely certain what bitcoin will do right now, just look at the future and you will be a lot more at ease. I believe that the best thing you could do about crypto would be making sure that you are fine in the long term. If you buy now, and keep on accumulating more, that will make sure that you are doing the right thing because in long term it will go up.

I found it very very interesting information. Because, I believe this, and many people do believe it as well, and yet I do not see people investing all of their money into something that could make them wealthy in 10+ years, if you know it, why not do it?

sukmo

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While there are no guarantees or promises that the pumping up after the Bitcoin halving will occur, the best time to be prepared is during quiet times like the one we have right now.

and also I think there is absolutely no way to time the market if you are not a broker or some other company that has valuable data that can help you make some judgments in the short term.

and also It could be a country that introduces favorable crypto regulations, some financial experts say something positive about Bitcoin, some companies start accepting Bitcoin as payment.

Sometimes things like that go unanswered, but other times they grab attention and trigger something.

ginsan

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Quote from: ?? on ??

I am afraid that demand for bitcoin will not grow for long. It only happens when the price goes up, i.e. demand grows purely because of price manipulation. For example right now bitcoin is cheap, but only you and I need it, and other people aren't interested in it. Bitcoin is a new phenomenon, but I'm not sure it will prove to be anything stable. The bubble will inflate and deflate and most people will be disappointed and lose money.

I don't think so, I think bitcoin will continue to grow with greater demand in the years to come, We have to look at the longer term side to see more aggressive gains and be able to create new ATH. some big news is urgently needed to boost mass adoption. Well at the beginning of this month the price of bitcoin was more sideway in recent days and this shows that bitcoin demand is still stable in the sell-off. I think it has a big impact because we are approaching the end of the year and a lot of people will probably be selling bitcoins for their purposes in celebration of the end of the year. we can take advantage of the situation to buy at a lower price.

Franctoshi

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Quote from: Superdoctor on October 14, 2022, 08:15:12 AM

I agree Bitcoin can go to about $12000 - $15000 downwards. Check out this link for what’s going to make it turn to an upward trend again. I think this is the most accurate answer I’ve gotten so far
https://www.instagram.com/reel/Cjo7KL3LMxu/?igshid=NDRkN2NkYzU=

We need strong fundamental (Bullish news event), Basically the Fed needs to pivot from raising interest rate, Too news events regarding hedge funds, Banks and institutional Investors coming in to Buy Bitcoin with huge amount of dollars (Demand).
Lastly, when Regulation comes into play, Because the Big investors needs regulatory clearity in order to Buy Bitcoin, and too we need to see more and more countries begins to adopt and legalize Bitcoin in their various countries.

I do believe that when we start seeing all this above listed points come to play, The law of Demand will take place and Bitcoin is definitely gonna react in price and take an uptrend.

Nrcewker

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Quote from: Chato1977 on October 29, 2022, 11:24:04 PM

Quote from: Superdoctor on October 14, 2022, 08:15:12 AM

I agree Bitcoin can go to about $12000 - $15000 downwards. Check out this link for what’s going to make it turn to an upward trend again. I think this is the most accurate answer I’ve gotten so far
https://www.instagram.com/reel/Cjo7KL3LMxu/?igshid=NDRkN2NkYzU=

If that will be your perception then that will live to your mind, best to divert your mind to positive when things like that comes to news ,

I hate being disappointed so I only set my mind to things that I only understand and believe and not those negativities.

Keeping yourself full of positivity won't help the price to go up. In fact we should accept the fact and act accordingly. Bitcoins are one of the rarest coin, so definitely today or tomorrow it's price will go up. If we see the question raised by OP then its pretty easy to answer, the Bitcoin's price will only grow when the demand of coin increases among the masses. Now many people are wandering why it will grow when demand increases ? Let me make clear to everyone that, Bitcoins are limited in number, this means no more Bitcoins can be created, so this make Bitcoins valuable. Now when the demand of the coin increases, the price will also increase in order to meet the demand of the people.

Chato1977

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Quote from: Oilacris on November 02, 2022, 03:58:56 PM

Quote from: Chato1977 on November 01, 2022, 06:40:41 AM

Quote from: bestcoins1 on October 31, 2022, 09:09:42 AM

Quote from: Chato1977 on October 29, 2022, 11:24:04 PM

If that will be your perception then that will live to your mind, best to divert your mind to positive when things like that comes to news ,

That is clearly true, because sometimes there is also news that is not good for everyone to read, because it was deliberately made to provoke many people to read it, even though the content is very negative and it can greatly affect the minds of everyone who reads it. So I don't think all the news needs to be read if the content is almost the same.

Quote

I hate being disappointed so I only set my mind to things that I only understand and believe and not those negativities.

I will also be disappointed if the news content is not meaningful, because I often read new things to find out what I don't know, but if I see news that leads to negative values, then I immediately ignore it and look for other better sources, because now there are so many websites providing the latest news with more accurate statements of facts.

and this also free out mind from overthinking mate , because the negativities from Long term holders are truly BS idea , better to forget the market for a while then this will help us lessen the thinking.

if downward trend stays then lets focus in holding.

For those who had been holding and accumulating cheap coins then it wont really be a stressful thing for them to mind off always on the price since we know on Bitcoins potential then that would be surely

enough for them to say that it is really just a right decision that had been made off.You cant really just make yourself to be on relax if you do keep on checking out the price or market condition
specially when you do make out short trades then this is where people do usually had these kind of emotions.

It would be common on saying that we do need positive news of recognition or adoption to make things upside down but within this market where everything
could really happen on random way.

Yes , but if this is what we all believe though the main problem here is that most are seeking for easy money , and when they did not get what targeted? then changes will come and blame will be for the market.

delete all apps of exchange , delete Cache and history so you may not check the market that soon.

Vaculin

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Quote from: Jet Cash on October 14, 2022, 08:22:23 AM

Time, just be patient.

Patient enough that you won’t get into panic selling once everyone is into it due to fears and less faith in bitcoin. Although we get to not controlled our emotions sometimes, but if you just chose to stay positive despite of the uncertainties in the market and believe that bitcoin is the future, you will never get tired and become fearful from investing bitcoin and hold it even for how many long years. Just wait for the right timing for bitcoin to become bullish, i know it’s still uncertain but we know it will eventually happen.

Russlenat

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Quote from: el kaka22 on October 23, 2022, 05:58:32 AM

One good news, if we get one good news then we are going to end up with everything alright, and that's not going to bother us as much. We just need to make sure that we are doing well enough and it should be fine. I understand that it's not going to be as simple, I know that it's going to take a while, but we need to make sure that we can hold long enough that ONE good news would make it go up.

If we can hang in there until that time comes, we are going to make a good profit, and when that happens it's going to actually make a big difference. I know that a lot of people get scared when they are investing, it's your money that you worked so hard for, but do not let fear make it even worse.

Good news and events will definitely make the price of bitcoin turns in an upward trend. So we should always be patient to wait for it as we won’t get the right timing when that good news will hit the crypto market. But as much as possible, learn to invest and hold for long term too, that way you can avoid from panicking because you are never too greed for fast and easy profits. And when positive news hit the market, then everything will be doing good and profitable at the end of the day.

Oilacris

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Quote from: Chato1977 on November 01, 2022, 06:40:41 AM

Quote from: bestcoins1 on October 31, 2022, 09:09:42 AM

Quote from: Chato1977 on October 29, 2022, 11:24:04 PM

If that will be your perception then that will live to your mind, best to divert your mind to positive when things like that comes to news ,

That is clearly true, because sometimes there is also news that is not good for everyone to read, because it was deliberately made to provoke many people to read it, even though the content is very negative and it can greatly affect the minds of everyone who reads it. So I don't think all the news needs to be read if the content is almost the same.

Quote

I hate being disappointed so I only set my mind to things that I only understand and believe and not those negativities.

I will also be disappointed if the news content is not meaningful, because I often read new things to find out what I don't know, but if I see news that leads to negative values, then I immediately ignore it and look for other better sources, because now there are so many websites providing the latest news with more accurate statements of facts.

and this also free out mind from overthinking mate , because the negativities from Long term holders are truly BS idea , better to forget the market for a while then this will help us lessen the thinking.

if downward trend stays then lets focus in holding.

For those who had been holding and accumulating cheap coins then it wont really be a stressful thing for them to mind off always on the price since we know on Bitcoins potential then that would be surely

enough for them to say that it is really just a right decision that had been made off.You cant really just make yourself to be on relax if you do keep on checking out the price or market condition
specially when you do make out short trades then this is where people do usually had these kind of emotions.

It would be common on saying that we do need positive news of recognition or adoption to make things upside down but within this market where everything
could really happen on random way.

STT

legendary

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Inflation expectations vs FED raising rates, they raised rates to near 4% today with warnings about controlling the money supply. Ultimately they are not going to reverse the amount they have over produced but they do wish to slow down the velocity and open exchange of currency to make it appear inflation is less.
When inflation and the fear of FED rate rises is reduced, partly because FED cannot raise forever it will cause recession then you will see BTC align to more speculative trends reappearing.

BTC has a big blip today on the FED news, Im cautiously optimistic it can build a positive trend if we maintain these current prices to build higher over some time.

Chato1977

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Quote from: bestcoins1 on October 31, 2022, 09:09:42 AM

Quote from: Chato1977 on October 29, 2022, 11:24:04 PM

If that will be your perception then that will live to your mind, best to divert your mind to positive when things like that comes to news ,

That is clearly true, because sometimes there is also news that is not good for everyone to read, because it was deliberately made to provoke many people to read it, even though the content is very negative and it can greatly affect the minds of everyone who reads it. So I don't think all the news needs to be read if the content is almost the same.

Quote

I hate being disappointed so I only set my mind to things that I only understand and believe and not those negativities.

I will also be disappointed if the news content is not meaningful, because I often read new things to find out what I don't know, but if I see news that leads to negative values, then I immediately ignore it and look for other better sources, because now there are so many websites providing the latest news with more accurate statements of facts.

and this also free out mind from overthinking mate , because the negativities from Long term holders are truly BS idea , better to forget the market for a while then this will help us lessen the thinking.

if downward trend stays then lets focus in holding.

fullhdpixel

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Quote from: Sebas.tian on October 27, 2022, 01:08:29 AM

Quote

Time, just be patient.

Yes, believe in your time that the price of Bitcoin will reach $100,000 in the crypto market soon and hold till the time come before you can sell to make a huge amount of income. Patient can also turn the price of Bitcoin from a downward to upward in the market, which many traders has experienced it before in the crypto market and it can still happen if you can embrace patient to hold your coins in this bearish season and wait for the price to hit $80,000 before you can sell to make a good profits. Faith can also turn the price of Bitcoin from downward to upward in the community, because it will be difficult for those that bought Bitcoin with faith some years ago in the crypto market not to wait for the bullish market to come.

Not only patiently hodling but if we really want the price to rise then we must accompany it with buying. It was also the investors are the ones who have a massive amount of patience but not really the traders since most of them will just buy and sell immediately. For them time is money so they shouldn't waste it.

You also mentioned faith there aside from patience but both of them can be a pair because if you don't have a faith in the coin that you invest or you don't believe that it will grow big in the future, you will also lose your patience easily. Those who invest in btc long time ago, can sell if they want to and they will still be in profit but of course it's better to sell only at the bull run.

YOSHIE

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Quote from: Superdoctor on October 14, 2022, 08:15:12 AM

I think this is the most accurate answer I’ve gotten so far

It seems I have to be a little patient lately judging and reading about Bitcoin speculation, it seems I have to stick to my stance and commitment to myself the continuation and direction of Bitcoin development now and in this year, it seems that such a method is a bit quieter for me, rather than having to see and read the direction of speculation which makes me a little sick to the count and towards the $$$$$ level.

I've seen and read about Bitcoin speculations to come, but still speculation experts are talking in an uncertain direction, today he says A$ tomorrow he says B$, this really confuses me, but I believe Bitcoin will go down again at the lowest point and will rise again to the highest point, but I don't want to mention how many $__$ numbers in have to calculate yourself.

bestcoins1

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Quote from: Chato1977 on October 29, 2022, 11:24:04 PM

If that will be your perception then that will live to your mind, best to divert your mind to positive when things like that comes to news ,

That is clearly true, because sometimes there is also news that is not good for everyone to read, because it was deliberately made to provoke many people to read it, even though the content is very negative and it can greatly affect the minds of everyone who reads it. So I don't think all the news needs to be read if the content is almost the same.

Quote

I hate being disappointed so I only set my mind to things that I only understand and believe and not those negativities.

I will also be disappointed if the news content is not meaningful, because I often read new things to find out what I don't know, but if I see news that leads to negative values, then I immediately ignore it and look for other better sources, because now there are so many websites providing the latest news with more accurate statements of facts.

STT

legendary

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Thats why I always prefer the chart to guessing which news made us move. Even if it appears obvious on a big move and big news, its usually also the case the preparation before the rise was there and buyers outweighed sellers. Chart wise we are moving optimistically, only thing news to relate to that is a lower dollar and some relief in the European war dynamic, raising euro in ratio to dollar is considered expansionary and so helps lightened the weight on speculative assets such as BTC.
Recent low was higher then previous, a series of higher lows is bullish price action.

Chato1977

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Quote from: Superdoctor on October 14, 2022, 08:15:12 AM

I agree Bitcoin can go to about $12000 - $15000 downwards. Check out this link for what’s going to make it turn to an upward trend again. I think this is the most accurate answer I’ve gotten so far
https://www.instagram.com/reel/Cjo7KL3LMxu/?igshid=NDRkN2NkYzU=

If that will be your perception then that will live to your mind, best to divert your mind to positive when things like that comes to news ,

I hate being disappointed so I only set my mind to things that I only understand and believe and not those negativities.

KennyR

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Quote from: Baofeng on October 27, 2022, 06:32:05 PM

Quote from: OgNasty on October 27, 2022, 12:10:16 AM

I can think of three things that would propel the price of Bitcoin upwards. Mostly it’s the removal of doubt and time though. The biggest doubt hanging over the market being the mtgox coins. Once those are distributed a huge weight will be lifted from the price. An ETF approval would also send Bitcoin skyward. Finally, besides increased adoption, the block reward halving will also tip the supply/demand towards the bulls.

Yeah, I think the ETF might boost the market in the next bull run, or maybe another country like El Salvador or at least another nation joining the picture. Or maybe a huge company like Tesla or a Michael Saylor type of billionaire.

So there are still a lot of source of money that will propel bitcoin to the next bull run. And the expectation is the 6 digits will be hit in 2024-2025 so we will see. We just need to wait for the right time. We can't just force things in this market as it has it's own path and catalyst which is the block halving.

More predictions on the reason for the next bull market makes the newbies have some satisfaction on the price increase. For users who have experienced the down market and it's upward movement, it is fine to go without any fear/panic.

The demand has to increase through some means. This will push the price forward and in recent days we haven't experienced any such incident. As mentioned a country to make it legal tender following El Salvador could trigger the price bounce. At any point it won't be serving as the key for real growth. As most users suggested it is time to have patience for the right time to profit.

Falconer

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Quote from: Baofeng on October 27, 2022, 06:32:05 PM

Yeah, I think the ETF might boost the market in the next bull run, or maybe another country like El Salvador or at least another nation joining the picture. Or maybe a huge company like Tesla or a Michael Saylor type of billionaire.

Some institutions can play a role in a bull market, but I don't expect us to always rely on them. Increased adoption and halving are the two things that drive investors the most regardless of the goal.

Quote from: Baofeng on October 27, 2022, 06:32:05 PM

So there are still a lot of source of money that will propel bitcoin to the next bull run. And the expectation is the 6 digits will be hit in 2024-2025 so we will see. We just need to wait for the right time. We can't just force things in this market as it has it's own path and catalyst which is the block halving.

Yes, I agree about the halving but I don't know when this bull will start. In fact we are still in a prolonged bearish phase after last year's ATH, but even if that's true then I think this is the best time to get some bitcoin. Buy and hold, that's really good advice now.

Topic: What’s going to make Bitcoin turn from a downward to an upward trend? (Read 742 times)