Topic: Why is cryptocurrency bullish in the long-term - page 3. (Read 747 times)

That is because back in the day you could live in a life with wealth. The baby boomers are not understanding what we are going through because the gap between wealth is just staggering, even the richest person of those days were not rich enough to actually buy a whole nation for themselves, we are talking about a big difference.

After the second world war when people started to be born in 50s and 60s those people could have get a college education and be a CEO by the time they retire, or they could be high school graduate and they could still buy a house and a new car ever 5 years, hell they could have been a high school dropout and they could still afford a house by the time they retire.

Can you imagine the "average" high school dropout today to be able to buy a house? I am sure there are some that managed to do it but that is not the average, the average high school dropout starves to death these days. Hence the difference causes them to not realize our problems because they never had that trouble.

I understand your point here. Definitely not possible for outsiders to know the real situations in these countries where governments are corrupt.

Lets hope the situation becomes better, but I have actually lost hope for these countries because I have watching the same situation for more than a decade now, but hope is always a good thing. Since their government does not like its people using crypto, nothing more can be done except watch them go back down in the course of evolution.

At the point when someone is selling, someone is also buying, otherwise the trade would not happen. I dont think this is related to bullish trend in long run but regular trading. Supply-demand gap is the point here, I am guessing you are trying to hint to that.

To have a bullish long term scene you need be able to generate an inherent market and bitcoin does that by gradually going mainstream. Most altcoins have failed because they cant develop such a process or is lacking in developing the supply/demand ratio.

Encryption currency is a transaction medium that uses cryptographic principles to ensure transaction security. Cryptocurrency is not regulated by the government and can be used as a decentralized currency to diversify the risk of inflation. It is easy to trade and can be traded globally. The field of cryptocurrency investment is recognized and loved by more people, and its value will rise in the long run.

Like it's always said knowledge is power, most people loose capital in crypto because there refuse putting in much efforts and expect good results, most newbies due to hype buy some coins at a very high price and end up loosing funds when prices retraces, so this is more reason why more efforts and time is need, try to educate yourself on how the cryptocurrency works, tho the market price can't be predicted perfectly but with good knowledge you can be at the safer side.

I dont think people do analyze, they react and crypto moves gigantically such that its hard to ignore in its potential past and present.   Who wouldn't be optimistic in that sense, a billionaire is immune in that he barely cares about the absolute money or profits available as its already more then he can spend.  Warren objects on the principle yet he ignores the failings of government and the FED to back currency properly except at face value, this has led to the decline of the common worker and plain opportunities available to them through capitalism.
   Try as he might, he will struggle to see the great loss that occurred to the poor and plain worker, as he has unlimited capital all the avenues are open to him still; in his old age he has become biased and narrow in his view.   Warren isn't a bad guy, he started off with pinball machines and simple ideas but he cant relate his own humble beginnings that many would have sneered at decades ago with his own disapproval of the technology and utility that crypto gives a new generation.
  Crypto is bullish so long as it enables people in some way especially if its unique and not normally available, technology can often be efficient in this way.   Long term it has to do a better job then alternatives, the ending of the Bretton Woods system would be an event that upsets and changes the world in a way only occurring once a century perhaps so its massive opportunity.  Capitalism is all about people (within its definition) its the mirror to democracy not an opposition, its the opposite of what people imagine in scale of effect.  So crypto has to enable people to succeed is my basic take; this is the bullish part that people are profitable if you let them.

The trend of cryptocurrency leading to its bullish in the long run starts up upon those individuals who have taken the risk upon doing investment in which early adaptors and investors have made a decision to take risk even by the time cryptocurrency is established, it have started in a low value per coin. They have just believed into their investment until it brought up a good outcome on which have been a good news scattered that gathers many aspiring individual putting up their money for investment, bringing popularity, hyping the crypto market and due to various factors lead to the bullish trend we are having despite of the ups and downs that the market experiences.

It is the usual market cycle that you've described. Taking advantage is when you know that the market is bearish and you're taking action instead of watching the price goes up a little by little and misses the most important part, and that is to buy when the price of bitcoin was still quite low and hasn't recovered yet. And the cycle will continue to repeat the process and it will reach a certain selling point where most of the traders and olders will meet and sell at the same time. As there's a pressure for selling points, that will make the price a little bit lower again and the cycle continues.

With time the awareness and need for cryptocurrency will be understood well by the common people who at present doesn't have any idea about bitcoin or cryptocurrencies. When the demand counts, automatically the value will peak as it has got limitations in supply. The track record of bitcoin from its early days of existence to the present day is the proof for the same.

Make crypto-currency profit hasn't been strange from any other profitable Investment, especially like Gold, stock and many more, it's about opportunity in the crypto-currency market place, am not an expert on alt-coins I haven't made profit from them I have to be open about it, even not made much Profits from bitcoin either, but this year saw profits for those who invested in BNB, ethereum and bitcoin.
But that is just bull run, don't be ignorant about bear run, or failed/scam Investment.
I don't think anything is in long term, correction or Total drops and rise are in between, now that why some investors are short term and long term.

I doubt that anarchy is the opposite of order, people mistake that chaos and order are opposites of each other but that is not the point.

In many African nations I have heard that people use crypto in a good manner and not in a anarchist mode, but since they are not doing what the governments of their nations want that's seen anarchist move, when in reality anarchy is not just disobeying government, it is destruction of law and order, which is not what they are doing, they are just trying to find a situation where they could make some money without being in trouble and I feel like that is something totally understandable considering how corrupt their governments are, it is the governments that are true anarchist in those nations and that is why what they are doing is not really such a bad situation for me, that is why I believe it is definitely understandable for kids to use crypto.

As I would like to think, the field of the crypto venture is currently for the most part cherished and known by numerous individuals. Like the present youngsters, they are interested and they like an investment. Be that as it may, prior to putting resources into any coin you need to study outline investigation just as the future foundation and long haul heading of the undertaking. in any case, on the off chance that you put resources into shitcoins, it's simply a game called betting, and your danger of losing all that will be extremely high on the off chance that you don't find out about this cryptographic money market.

In my opinion, the increase in bitcoin is not a matter of long or short time, but it is a simultaneous and continuous buying moment, so the price goes up. and when the price has reached a saturated position, many people will sell it so that a correction occurs. therefore we must be good at taking advantage of that moment to make a profit

It's bullish because the market of some select cryptocurrency is shown to have a really promising movement uphill which attracts investors which in turn makes the prices more expensive whcih makes the graph for the market go up and then attract more investors. Also worth mentioning that there's utility to some of the cryptocurrency in the market that adds to being bullish.

Indeed. I think most of our old men are stuck on that kind of view. Traditional view.
Even if they don't trust the government, it's just the simplest way to invest with no trouble which is wrong.

Investments should always have their risk. Bitcoin has risk, no doubt.
But, it had been years and it's still getting more valuable so I guess that answers how much risk were lowered because of the trust that is obtained from its followers. Here's the good part, it's growing.

They're optimistic because they recognize most traditional currencies that are bound by government are due to fail because of irresponsible spending and corruption. There is no brains to profit from BTC. you buy in, wait until larger currencies begin to destabilize, and boom - your BTC is worth more than it was tomorrow. For some, it's not optimism, it's just accepting the harsh reality that paper currency is worth something because the government tells us it is. And we should trust the government why?

If you’re going to be looking at Bitcoin as a source of income that you can steady rely on, then you’re making a mistake. Bitcoin is like my third source of income lol, and I don’t rely much on it because I understand the risks, and this is how everyone should see it. Bitcoin is not steady in bringing profit, and it is not a source that you can rely on to make income like on monthly, weekly, or daily, because you’re not sure what would be the outcome. Unless you’re trader, but even as a trader you stand a risks of losing your money when you’re trading Bitcoin.

if buffet was my grandfather and he asked me like this then I would definitely answer him well...

I'll say him..how you view the stock market at a young age, that's how we young people look at Bitcoin today. buffet is over 70 years old and at that age, he no longer has strong analytical skills like when he was young.

Since crypto is nearing its adoption phase we can expect its price to skyrocket in the coming years.
See the chart below:



It signifies a strong and steady support on Bitcoin over the years. Moreover, as the public become more aware of its uses and advantages it is highly sought-after than it was before. We can see transaction made with cryptocurrency will bloom over the years to come. Fiat might be the thing of the past and the more secure, stable and safer method would be Bitcoin and Blockchain.

So far, cryptocurrency is promising to many people to make money and we already saw that many projects really give people a chance to make a profit. People can survive from bad days in a good day from crypto. Talking about the analysis, people learned so many things from the internet and they have a different lesson that will improve them in making money.

Although crypto has a bear or bull trend, in the future, crypto will have the bull trend again and even we are now in the bear, that will change soon. We need optimism and still work hard to survive in this bear trend because once we can pass this, the bull trend will come and give us the chance to make a profit.

Bitcoin prices will constantly change according to demand, which shows people's recognition of Bitcoin. From the past to the present, the overall trend of Bitcoin price has been rising, and as people's consensus strengthens, Bitcoin will be very valuable in the future. And the popularity of cryptocurrency and the people who invest a lot of it now has become a trend.