What’s going to make Bitcoin turn from a downward to an upward trend? - page 2.

suzanne5223

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Quote from: KingsDen on October 27, 2022, 05:03:22 PM

Quote from: suzanne5223 on October 25, 2022, 08:08:51 PM

Quote from: KingsDen on October 25, 2022, 06:06:53 AM

There are two major things that will make bitcoin to enter into bullish trend, and these things are; positive fundamentals .If there is strong news about bitcoin that is positive maybe news of more companies or government adopting Bitcoin, there will be upward movement of Bitcoin but this does not last for long, it is just a temporary solution.

Secondly and the most important is the halving that is been expected by 2024/2025. That is the target of every bitcoiner. The movement may likely get bitcoin a new ATH.

Yes, strong positive news and halving ^{(which is also called the 4 years cycle)} always create an impact on the market's next trend but we shouldn't ignore the mining difficulty either because it's also one of the things that determine the market's next trend. I could remember when Bitcoin was forked by Ver then when Bitcoin Cash was introduced there was a lot of sundering and misunderstanding among the miners this led to the downtrend in the price of BTC until every issue is resolved.

Forking is one of the factors that drag bitcoin to the blood pool. But for till the next halving and more, we are not expecting any kind of hard fork. The miners are all in agreement, any type of forking that is necessary to improve the bitcoin network will be soft forked.

However, there could be hard forking after the next having, especially when the reward must have halfed again. There would be some issues in the transaction fees which could lead to some disagreements in the network.

Honestly, the BCH hard fork or any that will happen in the future doesn't have the potential to drag BTC into the blood pool Ver didn't play a logic manipulation within the miners and I don't know if you have seen one of his Tweet where he said "he can't believe people think BTC is Bitcoin" which is one of the strategy of causing fud. Besides, he would have been among the Craig Wright movement if Craig didn't stab him in the back.

As you said, we can't expect any fork now until it is bullish season but there's going to be BTC hard fork in the future.

Baofeng

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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.

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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.

Agree on that Mt. Gox funds to e released into its creditors which do really give out that kind of fear and doubts which the price do really goes bottom or into the floor which we could really say that it could really affect investors confidence on making investment.

The nearest thing that I do see where this market could have some changes in trend is on that 4 year cycle of Bitcoin which does give out those positive impressions and most likely we would be seeing where bull run starts.
In overall, it cant really be determined on when it would happen since we know that the market could potentially rise its price without having those reasons that we had mentioned.
Its totally unpredictable.

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Quote from: suzanne5223 on October 25, 2022, 08:08:51 PM

Quote from: KingsDen on October 25, 2022, 06:06:53 AM

There are two major things that will make bitcoin to enter into bullish trend, and these things are; positive fundamentals .If there is strong news about bitcoin that is positive maybe news of more companies or government adopting Bitcoin, there will be upward movement of Bitcoin but this does not last for long, it is just a temporary solution.

Secondly and the most important is the halving that is been expected by 2024/2025. That is the target of every bitcoiner. The movement may likely get bitcoin a new ATH.

Yes, strong positive news and halving ^{(which is also called the 4 years cycle)} always create an impact on the market's next trend but we shouldn't ignore the mining difficulty either because it's also one of the things that determine the market's next trend. I could remember when Bitcoin was forked by Ver then when Bitcoin Cash was introduced there was a lot of sundering and misunderstanding among the miners this led to the downtrend in the price of BTC until every issue is resolved.

Forking is one of the factors that drag bitcoin to the blood pool. But for till the next halving and more, we are not expecting any kind of hard fork. The miners are all in agreement, any type of forking that is necessary to improve the bitcoin network will be soft forked.

However, there could be hard forking after the next having, especially when the reward must have halfed again. There would be some issues in the transaction fees which could lead to some disagreements in the network.

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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.

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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.

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Quote from: Kayeshlyn on October 26, 2022, 01:39:24 AM

Bitcoin has finally managed to surpass the psychological barrier, which is currently at US$ 20,000 more, after sticking to a price range of roughly US$ 19,000 for more than a month.

Is this the most recent proof that different nations have accepted Bitcoin as a financial product?

I do not see any kind of relationship between those two concepts, bitcoin is above 20k but just barely, the price could always go below that level if it remains as close as it is right now for a long time, so it is too soon to think that we are somehow seeing a monumental change in the overall trend bitcoin has been during the last months, with this in mind it is better to tone down our enthusiasm and see if bitcoin can remain above that price and put even more distance between its price and such an important support level.

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Bitcoin has finally managed to surpass the psychological barrier, which is currently at US$ 20,000 more, after sticking to a price range of roughly US$ 19,000 for more than a month.

Is this the most recent proof that different nations have accepted Bitcoin as a financial product?

suzanne5223

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Quote from: KingsDen on October 25, 2022, 06:06:53 AM

There are two major things that will make bitcoin to enter into bullish trend, and these things are; positive fundamentals .If there is strong news about bitcoin that is positive maybe news of more companies or government adopting Bitcoin, there will be upward movement of Bitcoin but this does not last for long, it is just a temporary solution.

Secondly and the most important is the halving that is been expected by 2024/2025. That is the target of every bitcoiner. The movement may likely get bitcoin a new ATH.

Yes, strong positive news and halving ^{(which is also called the 4 years cycle)} always create an impact on the market's next trend but we shouldn't ignore the mining difficulty either because it's also one of the things that determine the market's next trend. I could remember when Bitcoin was forked by Ver then when Bitcoin Cash was introduced there was a lot of sundering and misunderstanding among the miners this led to the downtrend in the price of BTC until every issue is resolved.

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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=

sorry but I am not a fan of Instagram so I don't need to click that link and besides you can post it here clearly followed by that link so we can read it before hand.

Quote from: Pierre 2 on October 24, 2022, 12:32:42 AM

As I guessed before watching the video, his response was careful and the most basic one. Yeah its expected to see Bitcoin going more down in next couple of months because of FED. Although FED cannot stay like this forever. They are fixing inflation but in the end, they are gonna have another issues that they will fix with printing more dollars. So its like we should wait probably 6 more months before Bitcoin going upwards trend.

at least not this coming November and December mate? what you think? the recession will take effect next year?

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There are two major things that will make bitcoin to enter into bullish trend, and these things are; positive fundamentals .If there is strong news about bitcoin that is positive maybe news of more companies or government adopting Bitcoin, there will be upward movement of Bitcoin but this does not last for long, it is just a temporary solution.

Secondly and the most important is the halving that is been expected by 2024/2025. That is the target of every bitcoiner. The movement may likely get bitcoin a new ATH.

Smack That Ace

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Quote from: virasog on October 22, 2022, 07:21:39 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=

Everyone has their own opinion, and no one knows exactly how low bitcoin can go. Usually what the majority of the people thinks, bitcoin never does to that value. I remember that in 2020, when bitcoin reached around 3800$, people were antecipating 1000$ too but it never reached that value.
This time people are looking for 12,000$ to be the ultimate bottom. I think either bitcoin will not reach this value or it may fall even further to 8000$ (which is more unlikely to happen) and make the final bottom for this market.

Going against the crowd that is what I often see in this market, when people predict bitcoin will never go high, it will surprise everyone and vice versa. That's why I think the market is still being manipulated, I believe there are really big shark teams and they are watching what the crowd thinks and what they will do to their advantage. Not only bitcoin but this also happens with other altcoins, like Ethereum, when everyone thinks it will go up in price after the merger and people buy it hoping to be able to make a profit afterward. In the end, the crowd was disappointed and I didn't buy at the time because I didn't like following the crowd.

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Quote from: lixer on October 22, 2022, 06:49:23 AM

A lot of us could care whatever the movement btc is making because each of us has our own goals. One is to sell for a profit so they don't want the price to go down at the moment but for those who already done selling, they are now waiting for the price to go down so that they can buy bitcoins again. For now, no one knows what can happen since the market is so confusing so better not expect much.

it is depend on your plans and strategy but Indeed that many of us take this advantage to purchase and hold, only few are selling as this is not really a best interest in this bear market.

Quote from: boltz on October 24, 2022, 05:34:27 AM

I think BTC halv should get things started again. Unfortunately , the next halv is in Apr 18, 2024 01:59:44 AM UTC around that time so we are still 1.6 years away.

Any other reasons for BTC to pump would be the cycle between pumps so technically we should have a pump on late 2023 beginning of 2024 and this is what my predictions has always been and still believing that BTC should be under 15k$.

and that will take effect in at least months or even a year before we finally taste its flavor?

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I think BTC halv should get things started again. Unfortunately , the next halv is in Apr 18, 2024 01:59:44 AM UTC around that time so we are still 1.6 years away.

Any other reasons for BTC to pump would be the cycle between pumps so technically we should have a pump on late 2023 beginning of 2024 and this is what my predictions has always been and still believing that BTC should be under 15k$.

peter0425

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Quote from: Reid on October 22, 2022, 10:07:14 AM

When a miracle comes down and tells us our economy will be in good shape with a snap of his fingers.

wish this will happen Grin

imagine just a slap of fingers things will be better in favor of economy?

Quote

Look at the news. The value of Bitcoin doesn't rely with whales only, but it also reacts with small investors who are now having a hard time to trust investments as they are securing their money for worst thing to come.

small investors only brings small effect , not unless everyone will invest in single coin then there will be big difference.

Quote

I don't doubt the power of Bitcoin but there's a limit to how people can afford it especially in this trying times.
An upward trend will only happen if they feel secure about their jobs and that's where they can afford to invest, increasing the demand of Bitcoin once again.

if you don't doubt bitcoin then you must understand that you need to wait for at least semi long term.

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Quote from: Silberman on October 24, 2022, 01:34:06 AM

You are both right and wrong at the same time. We are not in control as in not individually and we could try to do whtever we can and we will fail to control the price. However, we are in control as a group, its the people that make it go up and down, the people who buy and sell are the reason why price goes up or down. That is why I personally believe that we shouldn't really be shocked to see how price changes a lot when there is a good or bad news, because people react to those news and we either buy or sell and the price changes because of that. This is why everyone is in charge of bitcoin and nobody is in charge at the same time.

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Quote from: Fundamentals Of on October 23, 2022, 09:58:43 PM

I maintain that no answer is accurate. The market has its own timing. Not everything is expected and on a strict schedule. That has been proven over and over again. What is important at this point is that we accumulate because we are already low. But since there is indeed a possibility that the price would still be falling down further, it might be wise not to go all in. DCA has always been better. It's always good to have some funds set aside just in case Bitcoin would reach $12,000, although I hope not.

The illusion of control is too strong on some people, obviously we can speculate about what bitcoin may do during the next months and years, but at the end we have no control about what happens with the market and we only have control of our own actions, it is because of this illusion we see people mad when the market does not move the way they predicted and instead of simply adapting to this situation they get mad at the markets for being wrong, and a recent example of this happened recently with ethereum and the merge, in which many people predicted an upward movement for ethereum after the merge and when it did not happened they got mad about it.

Pierre 2

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As I guessed before watching the video, his response was careful and the most basic one. Yeah its expected to see Bitcoin going more down in next couple of months because of FED. Although FED cannot stay like this forever. They are fixing inflation but in the end, they are gonna have another issues that they will fix with printing more dollars. So its like we should wait probably 6 more months before Bitcoin going upwards trend.

Fundamentals Of

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I maintain that no answer is accurate. The market has its own timing. Not everything is expected and on a strict schedule. That has been proven over and over again. What is important at this point is that we accumulate because we are already low. But since there is indeed a possibility that the price would still be falling down further, it might be wise not to go all in. DCA has always been better. It's always good to have some funds set aside just in case Bitcoin would reach $12,000, although I hope not.

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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.

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