Will Bitcoin Always Be in an Uptrend?

justdimin

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Quote from: lixer on June 24, 2024, 01:54:23 AM

After a boom, a fall is inevitable. Saying that Bitcoin will always go up and never go down can be nothing more than a false thought and wishful thinking. Know that even the crypto market cannot be stable, no coin can ever stay up forever, whatever coin goes up, it also goes down, even if it is Bitcoin, yes it can be said that the market, after going down, goes up again and if one trades it is because they have a good opportunity to buy their favorite coins and profit.

People who are new to the market panic when the market goes into such a condition and in that panic, many people get unprofitable and sell their coins at a loss because they are new to the market. If you have never seen such a situation before, don't worry, it's a part of the crypto market, and experience is gained by working so my advice to those who are new in the market is that they should not trade large amounts but trade small amounts with good coins so that they get experience while in the market.

This is the way to go and yet a lot of people never understand how the market works. I have to say, it is quite clear to me that if we are not careful with what we are doing, then we are going to end up with a lot of mistakes and that is why it is quite terrible to not see how it all works. If you "know" how the market works, then you will be happy when it goes up and you will be happy when it goes down.

You are happy when it goes up because obviously you made a profit and everyone is happy at that point aside from people who regret selling and not holding. You get happy when it gets lower because you find a good entry again which will go up eventually so you are happy that you are capable of buying a cheaper bitcoin than a month from now.

lixer

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Quote from: STT on June 23, 2024, 09:49:00 AM

Always is the wrong word because inevitably every absolute rule is tested. I would say already always is incorrect because BTC did stay below the 200 week average for some time and that is the bottom line for most people.

BTC did fail to keep an uptrend even on the longest term view that is a reasonable view to take. Certainly shorter term BTC often has harsh pull-backs and does lose its bullish element for months often enough its wrong to presume it cannot happen now or ever.

After a boom, a fall is inevitable. Saying that Bitcoin will always go up and never go down can be nothing more than a false thought and wishful thinking. Know that even the crypto market cannot be stable, no coin can ever stay up forever, whatever coin goes up, it also goes down, even if it is Bitcoin, yes it can be said that the market, after going down, goes up again and if one trades it is because they have a good opportunity to buy their favorite coins and profit.

People who are new to the market panic when the market goes into such a condition and in that panic, many people get unprofitable and sell their coins at a loss because they are new to the market. If you have never seen such a situation before, don't worry, it's a part of the crypto market, and experience is gained by working so my advice to those who are new in the market is that they should not trade large amounts but trade small amounts with good coins so that they get experience while in the market.

STT

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Always is the wrong word because inevitably every absolute rule is tested. I would say already always is incorrect because BTC did stay below the 200 week average for some time and that is the bottom line for most people.

BTC did fail to keep an uptrend even on the longest term view that is a reasonable view to take. Certainly shorter term BTC often has harsh pull-backs and does lose its bullish element for months often enough its wrong to presume it cannot happen now or ever.

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Quote from: legendbtc on June 21, 2024, 09:22:24 AM

Quote from: $weetne$$ on June 21, 2024, 03:39:37 AM

Quote from: mich on June 18, 2024, 01:00:22 AM

Well it does feel to me like price of Bitcoin is going sideways right now. We are at this price that is below 70k for some time now.
Binance CEO Richard Teng is 'bullish' for price of Bitcoin. He does think we will break out from the 60k and see gains of higher than 80k.
https://dailyhodl.com/2024/06/17/much-higher-than-80000-binance-ceo-reveals-bull-market-predictions-says-2025-to-be-even-better-for-crypto/

...., I think the market is ready for another leg up and after the dip we could see the market rising up and it can pass $80,000. I do not understand why the market is falling this much as we are already out of the bear market but I see the opportunity to buy more Bitcoin and I will not be missing it.

In a bear market there will always be rallies and similarly, in a bull market there will always be significant corrections. You can't expect that when we enter a bull market that the market just goes up vertically and everyone benefits. To me, these corrections are necessary and a good thing, we will eliminate the weak hands and the price reduction is for the market to gain momentum to prepare for a stronger increase. You should remember that great rewards are only given to the most deserving people.

By the way, this is just one of many corrections in the bull market, you should not be surprised or panic if we face other corrections in the future before the bull season reaches its peak.

Agree with you. Of course, it would be good for a correction to occur before the bull market occurs. This will provide a strong impetus to move higher and this usually always happens, and we hope that, Because currently, the wait for the bull market is clearly still quite long, and it is very possible that something unexpected will happen, and we hope that there will be a correction, but whatever happens will not give up the opportunity in time that there will be a fairly high increase in time in 2025.
Waiting and buying and holding is what needs to be done now before it happens later.

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Quote from: justdimin on June 22, 2024, 02:11:02 AM

Quote from: $weetne$$ on June 21, 2024, 03:39:37 AM

Quote from: mich on June 18, 2024, 01:00:22 AM

Well it does feel to me like price of Bitcoin is going sideways right now. We are at this price that is below 70k for some time now.
Binance CEO Richard Teng is 'bullish' for price of Bitcoin. He does think we will break out from the 60k and see gains of higher than 80k.
https://dailyhodl.com/2024/06/17/much-higher-than-80000-binance-ceo-reveals-bull-market-predictions-says-2025-to-be-even-better-for-crypto/

This is why having a CEO that is bullish towards Bitcoin makes more sense when your business is focused on cryptocurrency. The previous CEO will always make statement that will give hope to the minds of traders because he love the market and the current CEO, making statement like this is very bullish too. He is trying to make news of him saying this to spread and it can give the market some uplift and I believe his prediction, I think the market is ready for another leg up and after the dip we could see the market rising up and it can pass $80,000. I do not understand why the market is falling this much as we are already out of the bear market but I see the opportunity to buy more Bitcoin and I will not be missing it.

Having a CEO that is a crypto lover is good for any business really, because it allows companies to make money however they can on it. It doesn't matter if you are a crypto company, or you are just a furniture company, if your investments stay at bitcoin and bitcoin goes up, you can get richer with it and grow your business bigger, and when you grow bigger you make more money and invest more into crypto and keep that cycle going.

I do not know much why it is down right now neither, but I am not worried about it at all, I find that to be normal and nothing big and I believe that we are going to end up with a greater return without a doubt. It may take a while, but it is going to end up being 80k and even 100k and even more than that eventually.

If you want to take a CEO as an example, Michael J. Saylor would be more suitable than Richard Teng. The CEO of a leading centralized exchange bullish on bitcoin is neither surprising nor admirable. But a CEO of another industry investing and being bullish on bitcoin is notable and sounds more appealing.

But investing in bitcoin will not guarantee us becoming rich or our business becoming more developed. We need to evaluate the current situation as well as the business's budget and balance the use of capital for investment and business. They should not be lumped together because the high volatility of bitcoin will sometimes cause our business to suffer if the budget is used incorrectly.

No one wants bitcoin to fall because it reduces our profits, but we also know that bitcoin moves in a parabolic pattern, so we don't need to panic. Instead, we should take advantage of this moment to accumulate more bitcoins if we have any money left, otherwise sit tight and everything will return to normal soon. Bitcoin reaching $80k or $100k is just a matter of time.

justdimin

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Quote from: $weetne$$ on June 21, 2024, 03:39:37 AM

Quote from: mich on June 18, 2024, 01:00:22 AM

Well it does feel to me like price of Bitcoin is going sideways right now. We are at this price that is below 70k for some time now.
Binance CEO Richard Teng is 'bullish' for price of Bitcoin. He does think we will break out from the 60k and see gains of higher than 80k.
https://dailyhodl.com/2024/06/17/much-higher-than-80000-binance-ceo-reveals-bull-market-predictions-says-2025-to-be-even-better-for-crypto/

This is why having a CEO that is bullish towards Bitcoin makes more sense when your business is focused on cryptocurrency. The previous CEO will always make statement that will give hope to the minds of traders because he love the market and the current CEO, making statement like this is very bullish too. He is trying to make news of him saying this to spread and it can give the market some uplift and I believe his prediction, I think the market is ready for another leg up and after the dip we could see the market rising up and it can pass $80,000. I do not understand why the market is falling this much as we are already out of the bear market but I see the opportunity to buy more Bitcoin and I will not be missing it.

Having a CEO that is a crypto lover is good for any business really, because it allows companies to make money however they can on it. It doesn't matter if you are a crypto company, or you are just a furniture company, if your investments stay at bitcoin and bitcoin goes up, you can get richer with it and grow your business bigger, and when you grow bigger you make more money and invest more into crypto and keep that cycle going.

I do not know much why it is down right now neither, but I am not worried about it at all, I find that to be normal and nothing big and I believe that we are going to end up with a greater return without a doubt. It may take a while, but it is going to end up being 80k and even 100k and even more than that eventually.

letteredhub

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Quote from: Rasa nanas on June 17, 2024, 01:06:10 PM

true, and this even happened when the halving started. according to my observations in recent times the price of bitcoin has been stable between $65k-$70k, and no one knows when this situation will end. After this situation ends there are two possibilities that will occur, namely the first possibility is bullish and the second possibility is bearish. Therefore for now don't be careless in selling or buying.

Possibility or no possibility the reality remains that each circle we are to experience a bull run after a halving which will them followed by a bearish market which is usually a full period in the market for investors however, it always create an opportunity for investors who are patient enough to start buying using the DCA strategy in preparation towards another bullrun. Just had to make it clear that because a halving has happened doesn't mean bitcoin price wouldn't dip anymore within that period but however it dips it's always recover for a bull run.

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Quote from: ginsan on June 21, 2024, 12:17:37 PM

Quote from: $weetne$$ on June 21, 2024, 03:39:37 AM

Quote from: mich on June 18, 2024, 01:00:22 AM

Well it does feel to me like price of Bitcoin is going sideways right now. We are at this price that is below 70k for some time now.
Binance CEO Richard Teng is 'bullish' for price of Bitcoin. He does think we will break out from the 60k and see gains of higher than 80k.
https://dailyhodl.com/2024/06/17/much-higher-than-80000-binance-ceo-reveals-bull-market-predictions-says-2025-to-be-even-better-for-crypto/

This is why having a CEO that is bullish towards Bitcoin makes more sense when your business is focused on cryptocurrency. The previous CEO will always make statement that will give hope to the minds of traders because he love the market and the current CEO, making statement like this is very bullish too. He is trying to make news of him saying this to spread and it can give the market some uplift and I believe his prediction, I think the market is ready for another leg up and after the dip we could see the market rising up and it can pass $80,000. I do not understand why the market is falling this much as we are already out of the bear market but I see the opportunity to buy more Bitcoin and I will not be missing it.

And if observed from bitcoin investors they will see when the decline occurs say as something bullish not just to convince the holders or traders but indeed people who understand bitcoin when seeing the decline is a momentum to buy again and again.

So it is indirectly bullish to buy when the decline, that's what I can get from investors who say bullish when the decline, which means bullish to buy.

But sometimes people are misguided, saying that so that they become liquidation material for others because they buy during a decline, it is actually the right time to buy.

Experienced people would really be having that kind of approach on which they would really be that optimistic into their bags on which it would really be just that a normal approach to have.
Telling people that they should be buying now which it isnt wrong because they've been here on this crypto space for long then they do already have the idea about the movement.
Somehow we cant really just that anytime believe on what they are saying but rather we should really be still applying our own analysis based up with our experience but somewhat
it wont really be that bad on reading up others experiences and suggestions too but when it comes on making up decisions then you should really be that sensible on whats
that realistic and whats that delusional. You would really be able to find for yourself on which one is viable and ideal.

ginsan

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Quote from: $weetne$$ on June 21, 2024, 03:39:37 AM

Quote from: mich on June 18, 2024, 01:00:22 AM

Well it does feel to me like price of Bitcoin is going sideways right now. We are at this price that is below 70k for some time now.
Binance CEO Richard Teng is 'bullish' for price of Bitcoin. He does think we will break out from the 60k and see gains of higher than 80k.
https://dailyhodl.com/2024/06/17/much-higher-than-80000-binance-ceo-reveals-bull-market-predictions-says-2025-to-be-even-better-for-crypto/

This is why having a CEO that is bullish towards Bitcoin makes more sense when your business is focused on cryptocurrency. The previous CEO will always make statement that will give hope to the minds of traders because he love the market and the current CEO, making statement like this is very bullish too. He is trying to make news of him saying this to spread and it can give the market some uplift and I believe his prediction, I think the market is ready for another leg up and after the dip we could see the market rising up and it can pass $80,000. I do not understand why the market is falling this much as we are already out of the bear market but I see the opportunity to buy more Bitcoin and I will not be missing it.

And if observed from bitcoin investors they will see when the decline occurs say as something bullish not just to convince the holders or traders but indeed people who understand bitcoin when seeing the decline is a momentum to buy again and again.

So it is indirectly bullish to buy when the decline, that's what I can get from investors who say bullish when the decline, which means bullish to buy.

But sometimes people are misguided, saying that so that they become liquidation material for others because they buy during a decline, it is actually the right time to buy.

Plaguedeath

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Bitcoin will always be in an uptrend, that's why work hard, save as much as you can and buy Bitcoin using DCA strategy. Many people need to handle the stress in their jobs and worrying if their investment will success or not, but if you invest in Bitcoin, you don't have to stress anymore since you're believing in long term.

Companies can bankrupt which make the stock price worthless, precious metal is not a way to make money, real estate require a lot money, while Bitcoin don't require a lot money and can give higher return.

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Quote from: $weetne$$ on June 21, 2024, 03:39:37 AM

Quote from: mich on June 18, 2024, 01:00:22 AM

Well it does feel to me like price of Bitcoin is going sideways right now. We are at this price that is below 70k for some time now.
Binance CEO Richard Teng is 'bullish' for price of Bitcoin. He does think we will break out from the 60k and see gains of higher than 80k.
https://dailyhodl.com/2024/06/17/much-higher-than-80000-binance-ceo-reveals-bull-market-predictions-says-2025-to-be-even-better-for-crypto/

...., I think the market is ready for another leg up and after the dip we could see the market rising up and it can pass $80,000. I do not understand why the market is falling this much as we are already out of the bear market but I see the opportunity to buy more Bitcoin and I will not be missing it.

In a bear market there will always be rallies and similarly, in a bull market there will always be significant corrections. You can't expect that when we enter a bull market that the market just goes up vertically and everyone benefits. To me, these corrections are necessary and a good thing, we will eliminate the weak hands and the price reduction is for the market to gain momentum to prepare for a stronger increase. You should remember that great rewards are only given to the most deserving people.

By the way, this is just one of many corrections in the bull market, you should not be surprised or panic if we face other corrections in the future before the bull season reaches its peak.

Jating

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Quote from: wiss19 on June 19, 2024, 01:26:43 PM

Long term? I do believe so. The real problem is that during period like these, when price isn't at the peak, people react too badly and that should not be the case if you ask me. People should realize that it is not that easy to handle and we should probably see it change a bit. I am not saying that we are going to end up with a high price right away, but it's never smart to sell.

You can't blame them, it's just normal reaction for investors and they might be newbies to be on the negative and thinking of not putting money because they are afraid of what they see on the market. On the contrary, experience and smart investors, knows a thing or two and they will take advantage of the prevailing market conditions and then be on the lookout to buy cheap BTC. It's no secret that this is the best strategy, for average investors and then for big whales. So there's nothing to be afraid of if the prices is taking a nose dive. You just have to react and go with the flow.

Quote from: wiss19 on June 19, 2024, 01:26:43 PM

Even if the price drops, buy more instead of selling so that you would do better, it would definitely help you a lot. I personally try to get as much as I can whenever I can, these days I can't get much, but for the past few years whenever I had some money, I bought some and I have profited from it as well. So, smart thing would be looking at long term.

And that's what I'm trying to say, DCA is our friend or maybe if you just have a big money, then buy in bulk and hold for long term. Of course I have been holding for years as well and have paper profit. But I'm looking for long term, 2025 for me is the best time to sell, I just have to time the market or at least when the price is above $100k, sure fire big profits not just for me, but for everyone who might have been holding longer than me.

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Quote from: mich on June 18, 2024, 01:00:22 AM

Well it does feel to me like price of Bitcoin is going sideways right now. We are at this price that is below 70k for some time now.
Binance CEO Richard Teng is 'bullish' for price of Bitcoin. He does think we will break out from the 60k and see gains of higher than 80k.
https://dailyhodl.com/2024/06/17/much-higher-than-80000-binance-ceo-reveals-bull-market-predictions-says-2025-to-be-even-better-for-crypto/

This is why having a CEO that is bullish towards Bitcoin makes more sense when your business is focused on cryptocurrency. The previous CEO will always make statement that will give hope to the minds of traders because he love the market and the current CEO, making statement like this is very bullish too. He is trying to make news of him saying this to spread and it can give the market some uplift and I believe his prediction, I think the market is ready for another leg up and after the dip we could see the market rising up and it can pass $80,000. I do not understand why the market is falling this much as we are already out of the bear market but I see the opportunity to buy more Bitcoin and I will not be missing it.

Lantind

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Quote from: atookz on June 09, 2024, 11:57:39 AM

Just like any other financial asset, there is no guarantee that bitcoin will always be on an uptrend. Although I am sure that bitcoin will continue to grow and its value will always increase, bitcoin is still an asset that has high market fluctuations. Many factors can affect the price of bitcoin, although it has long-term strength but its stability also needs to be considered. There are times when bitcoin goes up and there are times when bitcoin goes down, so you have to be more careful in using it.

You are right, Bitcoin is the same as other assets in that there will always be price corrections that occur and we have to really understand it well so that when we decide to invest because without understanding it well, when a price correction occurs it will certainly cause panic, but if we If we have understood it well then we will not sell at a loss when the price of Bitcoin decreases, in investing of course we have to be careful in what we do and never invest with borrowed money because no one can guarantee that the price of Bitcoin will always be in a trend go on.

wiss19

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Long term? I do believe so. The real problem is that during period like these, when price isn't at the peak, people react too badly and that should not be the case if you ask me. People should realize that it is not that easy to handle and we should probably see it change a bit. I am not saying that we are going to end up with a high price right away, but it's never smart to sell.

Even if the price drops, buy more instead of selling so that you would do better, it would definitely help you a lot. I personally try to get as much as I can whenever I can, these days I can't get much, but for the past few years whenever I had some money, I bought some and I have profited from it as well. So, smart thing would be looking at long term.

Julien_Olynpic

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It is unlikely that Bitcoin will always be in an upward trend. More precisely, the word “always” is so big that we cannot even imagine how Bitcoin will behave, for example, in 50 years. Can anyone imagine this? In addition, it is obvious to me that the technology that underlies Bitcoin will sooner or later become obsolete. Even now we can already see this. Transaction fees are gradually increasing and native Bitcoin is no longer used by such a large number of people. Most likely, all users will use some kind of surrogate form of Bitcoin. Perhaps these will be lightning payments, perhaps these will be side-bitcoins like Liquid or Sovryn.

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Quote from: mich on June 18, 2024, 01:00:22 AM

Well it does feel to me like price of Bitcoin is going sideways right now. We are at this price that is below 70k for some time now.
Binance CEO Richard Teng is 'bullish' for price of Bitcoin. He does think we will break out from the 60k and see gains of higher than 80k.
https://dailyhodl.com/2024/06/17/much-higher-than-80000-binance-ceo-reveals-bull-market-predictions-says-2025-to-be-even-better-for-crypto/

Despite the prediction concluded by the CEO of Binance, I think in the near future the price will still find it difficult to find $70k as its strongest support. Sideway may still last until the end of June and the price will be below $70k. I'm not against bullish predictions in the near future, but it's hard to get bitcoin prices above $70k when market sentiment still negative.

Quote from: arufox on June 18, 2024, 01:36:58 AM

No one can guarantee that the price of Bitcoin will always be in an upward trend. However, at least throughout this year the potential for Bitcoin to be in an upward trend is very large because the market is in a bullish phase.

I can't say the upward trend is still ongoing now when the price is below the ATH. There are many bullish predictions regarding the current price of bitcoin, but in reality the price has shown a sideway trend. An upward trend can still be expected this year even though we never know what will happen, but still think positive and hold.

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No one can guarantee that the price of Bitcoin will always be in an upward trend. However, at least throughout this year the potential for Bitcoin to be in an upward trend is very large because the market is in a bullish phase.

mich

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Well it does feel to me like price of Bitcoin is going sideways right now. We are at this price that is below 70k for some time now.
Binance CEO Richard Teng is 'bullish' for price of Bitcoin. He does think we will break out from the 60k and see gains of higher than 80k.
https://dailyhodl.com/2024/06/17/much-higher-than-80000-binance-ceo-reveals-bull-market-predictions-says-2025-to-be-even-better-for-crypto/

Falconer

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Quote from: Rasa nanas on June 17, 2024, 01:06:10 PM

true, and this even happened when the halving started. according to my observations in recent times the price of bitcoin has been stable between $65k-$70k, and no one knows when this situation will end. After this situation ends there are two possibilities that will occur, namely the first possibility is bullish and the second possibility is bearish. Therefore for now don't be careless in selling or buying.

Some predictions say bitcoin is very likely to break $100k by the end of 2024, so what's the point of selling now?
If you are a long-term investor, what you need to do now is accumulate. Current market conditions tend to give you the opportunity to buy more, but make sure you have a backup plan if the market falls further.

Buying more and often is now recommended rather than selling, but of course don't do it all greedily. You should have a good investment strategy while considering a backup plan, this is good for expecting returns in the long run.

Topic: Will Bitcoin Always Be in an Uptrend? (Read 950 times)