Topic: Will Bitcoin Always Be in an Uptrend? - page 3. (Read 906 times)

Yes, sometimes it looks bad and not really idea to purchase bitcoin, but that's when it looks like it is going to be something that we can benefit from. If you do that then you are going to end up with a greater return, it should definitely be something we could benefit from without a doubt. I get that it may not be all that great when you give it sometime, but we should definitely consider that possibility.

I personally believe that the best way to make money from bitcoin would be buying no matter what the price is, and not selling unless it's medical emergency. That's how you get rich, just buy, if it's 10k buy it, if it's 100k still buy it, keep buying it and do that for 10+ years, eventually you will be very wealthy.

Since the launch of a bitcoin exchange-traded fund earlier this year, bitcoin has recovered and even surpassed its all-time highs set during the 2021 bull run. But for weeks, it looked like the largest cryptocurrency was trading sideways at best.

Your advice to potential investors is worth considering: buying Bitcoin now can't be a good opportunity, but it's important to take a long-term view and be prepared for potential price corrections. Holding Bitcoin for the long term can help mitigate short-term market fluctuations.

Most potential investors are afraid of sudden price fluctuations as it makes them feel bad if they have bought Bitcoin at a price and then the price drops significantly from that point, even though they got some Bitcoin, they could get more if they had waited a bit more, but then again, as they say, no one can time the market perfectly, so one should make an entry whenever they feel the time is right because if you keep waiting for the right time, it would never come.

No, there can never be a single angle like only uptrend or downtrend as most of the time the market would be sideways and occasionally uptrend or downtrend as that's how Bitcoin looks and moreover it's just a misunderstanding of new users that they think the market would always be upwards when they enter market during bull run and vice versa when they enter using bear market.

Bitcoin is not always in an up trend, there are times when Bitcoin experiences a down and sideways trend. And currently Bitcoin is in a sideways position and I think that it will persist in the next few weeks, until we can wait for positive news which can increase the price of Bitcoin to a better level. However, now it is a pretty good condition to buy Bitcoin - even though there is a risk that there will be a price correction, if the holder plans to hold Bitcoin for a longer period of time, this is not too much of a problem for them, the point is to remain patient and is not influenced by the market.

You as a newbies, you bought two Bitcoin, hope you know that you used huge amount of capital to purchased the Bitcoin and you need to apply long term holding on that Bitcoin, because you will not regret for the decision you took to make the most popular coin your choice. I know you can purchase Bitcoin at anytime from the market, but purchase Bitcoin when the price is still high in the market, it will not allow you to purchase huge amount of Bitcoin, because the bullish season is still on for holders to be selling to make passive income. I believe, you used potential wallet to stock your Bitcoin, because if you use unsafe wallet to stock your Bitcoin anything can happen that will make you to lose all your capital you spend to purchase the Bitcoin.

It depends on the timeframe that you are using to look at Bitcoin that will determination if Bitcoin is in an uptrend direction or going downwards. If you bought Bitcoin at the highest price in a bull market, Bitcoin will keep going downwards in your own eye but for an investors that bought when Bitcoin was having a correction and then the price starts recovering, Bitcoin will be going in an upward direction. If you buy and hodl Bitcoin, you will always be in an upward direction after some years because Bitcoin keeps adding value. The value of Bitcoin will keep adding price as there is more adoption for Bitcoin, the more popular Bitcoin is becoming we can only expect for there to be more investors and it will make the Bitcoin price to keep going upwards.

Since the launch of a bitcoin exchange-traded fund earlier this year, bitcoin has recovered and even surpassed its all-time highs set during the 2021 bull run. But for weeks, it looked like the largest cryptocurrency was trading sideways at best.

Since the launch of a bitcoin exchange-traded fund earlier this year, bitcoin has recovered and even surpassed its all-time highs set during the 2021 bull run. But for weeks, it looked like the largest cryptocurrency was trading sideways at best.

Since the launch of a bitcoin exchange-traded fund earlier this year, bitcoin has recovered and even surpassed its all-time highs set during the 2021 bull run. But for weeks, it looked like the largest cryptocurrency was trading sideways at best.

Will Bitcoin Always Be in an Uptrend?

For now, if you have the funds, keep buying and collecting little by little first.

If you look at the chart of Bitcoin it isn't always an uptrend, it has experienced so many dips or price decrease in the past.
Although I get your point that from beginning till now the price has increased so much, and every time it falls down it would bounce back even higher than the previous price, but we couldn't be so sure about it, we don't know what the future holds.

I bought 2 bitcoins this morning and it is trending up.

I bought 10 bitcoins today. Hehe,  just kidding... It's so easy to tell a story without any evidence just to brag. I'm sorry for what you said. Do you think the members will easily believe you in this forum? Although that's your story, so long as you don't show any evidence for what you say, what you mentioned will remain just bragging.

Now, let's go back to the topic. We are still in a bullish trend, although we are in the stage of consolidation in Bitcoin. Even if there is a short bearish, Bitcoin is also able to recover immediately in the market. We just don't know to what extent the ranging is being done now at this price, which can change the trend at any time.

For sure, but I don't see anything surprising, Bitcoin is not always skyrocketing to the moon or doing pumps and dumps like a shitcoin thank God. It needs to consolidate this current level now. But it doesn't reflect the actual level of its adoption IMO, its price is far above it and there is a large part of speculation that could evolve in the coming weeks or months. In the absence of big events scheduled for the next months I don't see reasons for going up further to be honest. If Ethereum ETFs are definitively approved, investors will want to diversify their allocation into cryptocurrencies in order to mitigate risks and capital will fly away from Bitcoin to land into Ethereum.

Since the launch of a bitcoin exchange-traded fund earlier this year, bitcoin has recovered and even surpassed its all-time highs set during the 2021 bull run. But for weeks, it looked like the largest cryptocurrency was trading sideways at best.

I bought 2 bitcoins this morning and it is trending up.

I am never surprised about what is happening in the world of Bitcoin now, I knew a thing like this might happen where the coin would be begging for liquidity to reach some certain high levels. This is mainly because of FUD and the fact that it has reached a high level that is discouraging for investment, as investors would not want to easily commit their money to it at a high and risky level.

Fine, the ETF saga helped Bitcoin to rise, and that happened before the much-anticipated halving which is now becoming a discouragement for the coin as Bitcoin was unable to hit its ATH after halving till now and it is gradually nearing 2 months now after it. The ETF filing of last year and the dramas attributed to it have changed the narratives in the world of Bitcoin which I believe is not so symbolic in terms of liquidity attracted to Bitcoin itself but only for the sentiment created.

Yet, after the ETF has successfully been approved, what has been so significant about the direct investment into Bitcoin through it? That has been my plight initially that people seem not to understand. This is because Bitcoin is accessible by itself without ETF, so the ETF that people hyped so much might not attract as many direct investments as people thought, just as we see today. Well, time will tell and we are patiently watching. Regardless, for now, nothing serious is to be expected unless the ATH at around $73,850 is breached upward.

No, there can never be a single angle like only uptrend or downtrend as most of the time the market would be sideways and occasionally uptrend or downtrend as that's how Bitcoin looks and moreover it's just a misunderstanding of new users that they think the market would always be upwards when they enter market during bull run and vice versa when they enter using bear market.