Why is cryptocurrency bullish in the long-term

TheUltraElite

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Quote from: jakdanyel on August 10, 2021, 05:03:24 PM

I don't know if there is a reason for Bitcoin or a different cryptocurrency to be bullish in the long run. And I don't think that there is one.

I think the reason is the deflationary supply system and that makes its price rise inherently with time. Therefore people are willing to get into it early and make some money while they still can buy a decent amount of bitcoin in whole numbers.

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It's just about the nature of the market. It's always possible to see market going to the moon. For example, things are going on really great right now. Investors must be quite happy about the situation.

True, but market craze will be temporary and celebs saying good things are also temporary. The deflationary system is on the other hand permanent and so is the censorship-resistance.

Therefore there is a reason to be bullish for long term.

But this also depends on the investors own mentality and time period. If they are willing to hold for long and then sell, they help drive the price organically.

jakdanyel

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I don't know if there is a reason for Bitcoin or a different cryptocurrency to be bullish in the long run. And I don't think that there is one. It's just about the nature of the market. It's always possible to see market going to the moon. For example, things are going on really great right now. Investors must be quite happy about the situation.

Princejebs

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Quote from: Liamttw on July 05, 2021, 10:19:06 PM

Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?

Okay, let me tell you what just happened this evening. I just sold $30 worth of Ether in p2p Binance and I was ashamed of my self how price of Ethereum has 11x when I bought was holding some before covid-19 spread across the globe. It's just a year difference between last year and now, if I'm still holding into that, I would be so happy but lack of knowledge and inexperience made me to sell my bags at lost. It still remains my worse and biggest mistake so far that anytime I check price of coins I was holding, I feel like crying.
Hold some coins, it wouldn't do you no harm.

jaberwock

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Quote from: Liamttw on July 05, 2021, 10:19:06 PM

Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?

If you talk about the long term movement of cryptocurrency, there is every possibility that the market will go up in years to come, if we are to make the decision based on what we have seen from the years back. If you check the all time price chart of Bitcoin you’re going to see that the price has grown to be bigger almost every year.

Then the question there is, whether you can hold for that long, that’s the next thing. The main bull run (times that the market reaches a new ATH is not something that happens regularly, it rarely happens. It can be, sometimes, in four years and that’s after the halving.

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Quote from: Sithara007 on July 27, 2021, 11:00:18 PM

Quote from: goldade on July 27, 2021, 09:44:59 AM

Although there are usually corrections in the price of a cryptocurrency, it is usually bullish on the long run because of its adoption in the mainstream or the crypto community. This adoption, however, increases with time which makes it bullish.
The price of bitcoin 10 years ago is really low but with its adoption over the years, it has grown to what the price is today. This means that someone who invested in bitcoin 10 years would be swimming in profits if the person didn't sell

The exchange rate for Bitcoin is solely dependent on the demand-supply equilibrium. That is not the case with other assets. For stocks, the price will depend based on the fluctuations in revenue or profit for the parent company. For gold, the prices will depend on the changes in annual mine production and recycling. But these factors are not applicable for Bitcoin. Even the changes in mining hash rate has only minimal impact on the exchange rates. It is the difference between supply and demand which determines whether the price goes up or down.

this is the interesting thing about bitcoin, where the price formation is purely from supply and demand, so it is not surprising that the fluctuations in price movements are very high. this is what makes traders who dare to take high risks come to trade them. when the bullrun occurs, traders begin to arrive, plus if the news supporting bitcoin comes one after another, this causes the buying of bitcoin to last for a long time, until finally the bad news started to come and the price increase experienced a saturation point, so the price was corrected again

TheUltraElite

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Quote from: Chathusand on July 27, 2021, 12:22:43 PM

At the long run, cryptocurrency will become more widely accepted, and it may even be used to buy groceries in supermarkets.

A long way to go from here. But we are hopeful of that in the future. Bitcoin currently has made a mark being a good investment, so I am not sure if that motion is going to get overruled back to its original use of currency.

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The number of cryptocurrencies will decrease as more people utilize cryptocurrency.

If I understand correctly, you are mistaken. The total number of coins in circulation is fixed once mining of that coin ends minting all the coins. But it never reduces.

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Scarcity gets more expensive as the quantity diminishes, and the price will automatically rise.

Scarcity occurs due to demand/supply gap. If people buy and dont sell, then it becomes scarce. But there is no method to remove coins from circulation unless people forget their private keys.

Again, quantity does not diminish with time. It remains fixed after having minted all coins. However the population being covered by that same number of fixed coins keeps on increasing.

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Quote from: Liamttw on July 05, 2021, 10:19:06 PM

Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?

If I am to answer this your question going by the topic you have here, then it’s simply because of the law of demand and supply. When the demand is higher than the supply, the price goes up. Due to the fact that there is a growing number of people investing in the market, the price of bitcoin will continue to increase to be matching that high level of demand that the new investors are bringing to the market and that’s just it.

And to answer your question that you have asked in your write up, I would say that young people are interested in bitcoin because it’s a new technology, and since most of the young people these days are interested in new technologies especially ones like bitcoin that breaks boundaries, it’s sure going to draw their attention.

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Quote from: goldade on July 27, 2021, 09:44:59 AM

Although there are usually corrections in the price of a cryptocurrency, it is usually bullish on the long run because of its adoption in the mainstream or the crypto community. This adoption, however, increases with time which makes it bullish.
The price of bitcoin 10 years ago is really low but with its adoption over the years, it has grown to what the price is today. This means that someone who invested in bitcoin 10 years would be swimming in profits if the person didn't sell

The exchange rate for Bitcoin is solely dependent on the demand-supply equilibrium. That is not the case with other assets. For stocks, the price will depend based on the fluctuations in revenue or profit for the parent company. For gold, the prices will depend on the changes in annual mine production and recycling. But these factors are not applicable for Bitcoin. Even the changes in mining hash rate has only minimal impact on the exchange rates. It is the difference between supply and demand which determines whether the price goes up or down.

cute nmp

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Crytocurrency has a huge potentials in the future which makes it a very good long term investment.More youths are involved it in recently more than ever so there no reason why bitcoin will not be bullish in the the long run I personally have bought and keep some for profits some time later.

Chathusand

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At the long run, cryptocurrency will become more widely accepted, and it may even be used to buy groceries in supermarkets. The number of cryptocurrencies will decrease as more people utilize cryptocurrency. Scarcity gets more expensive as the quantity diminishes, and the price will automatically rise.

goldade

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Quote from: Liamttw on July 05, 2021, 10:19:06 PM

Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?

Although there are usually corrections in the price of a cryptocurrency, it is usually bullish on the long run because of its adoption in the mainstream or the crypto community. This adoption, however, increases with time which makes it bullish.
The price of bitcoin 10 years ago is really low but with its adoption over the years, it has grown to what the price is today. This means that someone who invested in bitcoin 10 years would be swimming in profits if the person didn't sell

pealr12

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Quote from: Liamttw on July 05, 2021, 10:19:06 PM

Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?

Can you compare 5 years back to this present time! No because of the huge difference between crypto back in 5 years and crypto in this present time, there are more acceptance, inclusion and improvement in the way crypto is viewed now than before, likewise in the future there will be even more bigger and wider acceptance, improvement than what we are seeing now, the more people discover and join crypto the more the value will increase, some of this recent projects utility can fully be accessed in future because by then they have been fully developed, so investing now for the future is important because by then development has increased and so are the price because of demand.

STT

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Buffet was never a fan of technology and this is a virtual cryptographic protocol that has him perplexed at best as to its worth. He admits himself he has never invested in Intel or any of the long standing tech companies, his firm only invests there now because he handed alot of the decision making to lower lieutenants.
If he was a genius on tech, he could have put 1k into CSCO in 1990 and made back a million within 10 years. Or his friend Bill Gates, if he had invested MSFT in 1990 it would have taken 18k to 1 million dollars within ten years also. Just a nice trade but still long standing companies with valid technology and now we're talking open source but still valid unique technology and its a problem, the biggest negative is its not his arena.

I can remember Buffet on the headline news bailing out a bank from failure in the 90's, he was old then and very well respected. He really is a living legend but its not his arena to comment on this technology especially and I've yet to hear him argue why its invalid in any proper detail, it has a utility and valid market so why would he not just trust a free market to use or expire it when they no longer have a use for it like any product we might move on but just now its used and useful.

Dragonfund

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Quote from: Liamttw on July 05, 2021, 10:19:06 PM

Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?

Many millionaires and Billionaires today didn't make it to that top list because they focused on a single income, they combined one or two, made money from them and invested in more to amass more wealth, that's how it works in real life.
Hold much and more bitcoin if you have the source and power. Buffet though, has never been a fan of bitcoin and doesn't have plans to hold it in the future but why is everyone still want him aboard still surprised me because he isn't even the richest, we need people like Bezoz online.

Snappycoco

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Who wouldn't? I saw the potential in cryptocurrency growth within bullish market and saw the opportunity with it. Rather than spending money with games, I realized as a teenager that investing for my future is a must. Many of us are careless and probably not worrying for the future, but with cryptocurrency it helped us to invest easily without hassle.

southerngentuk

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I think OP should not view investment in this area like that. The point is that pure and obvious cryptocurrency is showing more and more value in its use, and that has helped in part to make the coins more valuable than before. I think we're all talking about things that are transparent and not short term shitcoins that make short profits and also end quickly. But I also do not support the investment in a variety of industries, or more precisely if you do not understand it, then learn before you start, every profession in life I think about it like that.

bryant.coleman

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If the rumor about Amazon is true, then we don't need anything else to propel BTC to the $100,000 per coin mark. But the big question is whether they will try something like what Facebook attempted (i.e. plagiarizing the idea of cryptocurrency and then listing their own product). And a lot of people are saying that Amazon actually want to use their own token instead of Bitcoin. Now this is not going to be simple, as Facebook's attempt at Libracoin was shot down even before the plans could be finalized. So my guess is that at least in the medium term, Amazon will have to use BTC, if they want to go for cryptocurrency adoption.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Liamttw on July 16, 2021, 03:49:23 AM

Thank you for your advice and guidance, it is very helpful to me. I am also learning to understand the crypto market and price trend analysis charts, analyzing and judging investment timing. And I hope that I can invest and earn profits based on suggestions and learning.

Just dont invest all your savings in crypto. Keep liquid cash at hand for emergency, keep investments in traditional fiat markets, aka stocks, bonds and precious metals too.

You need to have more than one method of investment to fall back upon, because when the bitcoin market crashes, it crashes like a tsunami and therefore the other stuff in your portfolio will keep you sane at that time - you will not understand the importance of this at this point but later on you will.

Quote from: hugo_uzman on July 17, 2021, 08:04:56 PM

the scarcity of bitcoin supply has a higher inflation in a long period of time, that is why holding bitcoin for long-term investment deserves a happy and lucrative returns.

Deflation is one point that investors take into account. Accumulating it today makes it scarce tomorrow, driving the demand almost intrinsically - one of the factors of bitcoin that altcoins lack.

Quote from: Rasa nanas on July 16, 2021, 10:30:00 PM

they don't do any difficult analysis, they just compare the price of bitcoin a few years ago to today. with that simple analysis they have confidence that bitcoin is a very profitable investment in the future. the limited number of bitcoins and the growing interest make the future of bitcoin look very bright.

Interest in bitcoin is defenitely growing. It is a good thing for both investors and merchants, because the more buzz around bitcoin the more pressure on the governments to start allowing people to use it freely.

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choosing and analyzing new cryptos that might make us get huge profits requires careful diagnosis so as not to fall into rubble and bulls is what we hope for because this is the purpose of investment. new, it's better to choose a coin that is already running to wait for the future holder even though the profit is not as high as a new coin that can be bullied

sapnu

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There are a lot of cryptocurrency out there right now and most of them are being successful and some are vanishing or ends up as a dead coin. In terms of identifying which crypto can be the most bullish in the long term, it is much important that you always analyze and speculate each top coins in the market if you are longing for a coin that is bullish in the long run. At least see their history also if they were able to be bullish before or not or if they ever experienced being bullish and it lasted for a while. Through that you can identify the coins that are bullish long term.

Topic: Why is cryptocurrency bullish in the long-term (Read 747 times)