Will it give fuel to skyroket for btc ?

jaberwock

legendary

Activity: 2660

Merit: 1074

Quote from: dezoel on February 27, 2024, 08:12:03 AM

Future is unpredictable but if given enough time, why not? Especially for a coin like BTC that got what it takes of doing it. A slowly but surely move is okay but what if it moves faster? Isn't even much better? And it had more chance to hit its target.

You can't please everyone to be optimistic because not all are the same like you who already have a long experience on this market but if they are serious, they will also learn it. Indeed that if we want something good, we must also accept the negative side of it. It's normal and happens even on other aspects of life. Corrections are not a bad thing if one knows them already but we can use it as our advantage to perform better.

That is true, I do agree that given enough time it will go up a lot, we are going to see that for sure, without a doubt. I think it is not going to be all that easy, but it will eventually happen one way or another. We just need to make sure that we are dealing with something that may take some time, it will gradually get better.

I personally hope that we are going to get something out of this, and usually that's not going to be all that simple, so we should consider what we can do with it. I think the best thing to do in this case would be just focusing on how we can keep holding, because if we can keep holding then I believe that BTC will skyrocket eventually, it all depends on the timing of it, and we need to be able to wait.

dezoel

legendary

Activity: 2044

Merit: 1075

Leading Crypto Sports Betting & Casino Platform

Quote from: Fara Chan on February 18, 2024, 11:23:46 AM

It is indeed quite possible for Bitcoin to surpass the previous ATH in the next price increase if it happens slowly as has happened this month when the Bitcoin price headed to over $50K. And for now everyone should think optimistically and never panic about small corrections that only occur temporarily, because people who are patient to see the next improvement will definitely not think that small corrections are a problem.

Experts also think that price corrections are a very normal thing in the market, especially when it comes to Bitcoin, which basically rarely runs in a stable price so that increases and decreases in Bitcoin prices are a normal part that everyone must understand. Because it would be very funny if even now, with so many price increases in Bitcoin that have been seen there are still people who complain and are pessimistic about small price corrections in the market.

Future is unpredictable but if given enough time, why not? Especially for a coin like BTC that got what it takes of doing it. A slowly but surely move is okay but what if it moves faster? Isn't even much better? And it had more chance to hit its target.

You can't please everyone to be optimistic because not all are the same like you who already have a long experience on this market but if they are serious, they will also learn it. Indeed that if we want something good, we must also accept the negative side of it. It's normal and happens even on other aspects of life. Corrections are not a bad thing if one knows them already but we can use it as our advantage to perform better.

_BlackStar

legendary

Activity: 1064

Merit: 1228

Playgram - The Telegram Casino

Quote from: yohananaomi on February 26, 2024, 02:00:50 AM

Quote from: _BlackStar on February 24, 2024, 02:34:33 PM

-snip-

You are right, a very interesting combination between ETFs and the time of the halving, which complement each other for now when the halving period is being awaited. Clearly, this will also have an impact in the future, of course, from the influence of ETFs.
It's true, that this will increase demand and create a positive effect where prices will increase sharply. I think that after the halving period it will definitely not increase immediately, but I agree that it will happen gradually and needs a process for it to happen, certainly not instantaneously.
All investors have clearly prepared themselves to welcome an increase that will make profits for them. Optimism will be created by the upcoming increase, because Bitcoin will always have a waiting period and repetition.

Price increases will occur gradually - they will not happen sporadically. You can't take off your shoes and run among the thorns - that will only get you pricked, meaning you should never ignore price volatility regardless of its highs and lows.

But with patience - you can build an investment portfolio and take advantage of volatility, this will make it possible for you to get greater returns. Accumulation is the recommended strategy - DCA is the advice, but you can also accumulate with other strategies. Currently the price of bitcoin has hit $53K - I'm looking forward to the $55K resistance being broken.

Adbitco

hero member

Activity: 1428

Merit: 653

Leading Crypto Sports Betting & Casino Platform

Quote from: hugeblack on February 26, 2024, 04:09:56 AM

Remove the ban ≠ Increased demand ≠ Price increase

If you had a balance in an exchanger and the daily account limits were $1,000, but they decided to increase it to $10,000 per day, this does not mean that you will be able to withdraw that amount daily. If Bitcoin was banned in China and the ban was lifted, it is positive news and will affect demand, but it will definitely not lead to an explosion. The price, unless there is a large demand for Bitcoin, is completely different from ETFs.

Sorry to say, a country like China that more populated lifted a ban and you think that won't actually affect bitcoin price? Let us do a little arithmetic; If a total bitcoin investors in China is 1,000 or 3,000 and they lifted the ban, this including both institutional investors and likely, the ban was lifted and this numbers of person required to purchase bitcoin don't you think there is every likelihood that the total number of investors those who wants to buy bitcoin will possibly purchase upto 100 btc to 1000BTC+ don't you think this is actually another push to the price? I am just giving reference coupled with the ETF So there is every possibility for price to soar.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: hugeblack on February 26, 2024, 04:09:56 AM

Remove the ban ≠ Increased demand ≠ Price increase

If you had a balance in an exchanger and the daily account limits were $1,000, but they decided to increase it to $10,000 per day, this does not mean that you will be able to withdraw that amount daily. If Bitcoin was banned in China and the ban was lifted, it is positive news and will affect demand, but it will definitely not lead to an explosion. The price, unless there is a large demand for Bitcoin, is completely different from ETFs.

I am not sure if that's the case or not, feels like there could be an explosion nevertheless. I mean we are talking about a nation with trillions, not saying all of it would go in, but even if few dozen billions find their way into bitcoin, legally, that would still be a huge thing.

We need to consider what can be done, and we are going to end up with a result that would be a lot more different. The increase will be huge and it should definitely be something to look for. I could be very well wrong too, I am not saying I am guaranteed right, but that doesn't mean that I am guaranteed wrong neither, we could very well have a situation where things could be different and that could very well be a good thing in the end, or at least I hope so.

hugeblack

legendary

Activity: 2702

Merit: 4002

If you had a balance in an exchanger and the daily account limits were $1,000, but they decided to increase it to $10,000 per day, this does not mean that you will be able to withdraw that amount daily. If Bitcoin was banned in China and the ban was lifted, it is positive news and will affect demand, but it will definitely not lead to an explosion. The price, unless there is a large demand for Bitcoin, is completely different from ETFs.

yohananaomi

sr. member

Activity: 2422

Merit: 267

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: _BlackStar on February 24, 2024, 02:34:33 PM

Quote from: yohananaomi on February 24, 2024, 08:42:29 AM

Quote from: cakravothy on February 20, 2024, 04:23:35 PM

-snip-

There is always a possibility that what you say is true, because now we are entering a halving period where usually there will be an increase either before or after. But it does not rule out the possibility that there is also an effect from the recognition of the ETF and the netting of so many bitcoins during the endorsement.
Bitcoin cannot be separated from the pace of any news that concerns itself, especially from information via social media.
But we are just grateful for the halving so that there is an increase which always occurs every 4 years. Hopefully this will also affect altcoins.

Halving and ETF are a nice package to wrap up as fundamentals to consider over the long term. Both allow the demand for bitcoin to increase, making the price volatility higher, making you profit or lose. You can wait for prices to become more expensive after the halving, but of course this will not happen instantly - meaning you still have to be patient because the increase requires a process.

Many bitcoin holders are already preparing their investmen for returns - they are also preparing their portfolios. They buy a lot and accumulate - of course they do so because they really hope that ETFs and halvings can provide them with returns. Optimism exists among holders - a repetition of history in the 4 year cycle is expected, but do so at your own risk.

You are right, a very interesting combination between ETFs and the time of the halving, which complement each other for now when the halving period is being awaited. Clearly, this will also have an impact in the future, of course, from the influence of ETFs.
It's true, that this will increase demand and create a positive effect where prices will increase sharply. I think that after the halving period it will definitely not increase immediately, but I agree that it will happen gradually and needs a process for it to happen, certainly not instantaneously.
All investors have clearly prepared themselves to welcome an increase that will make profits for them. Optimism will be created by the upcoming increase, because Bitcoin will always have a waiting period and repetition.

_BlackStar

legendary

Activity: 1064

Merit: 1228

Playgram - The Telegram Casino

Quote from: yohananaomi on February 24, 2024, 08:42:29 AM

Quote from: cakravothy on February 20, 2024, 04:23:35 PM

-snip-

There is always a possibility that what you say is true, because now we are entering a halving period where usually there will be an increase either before or after. But it does not rule out the possibility that there is also an effect from the recognition of the ETF and the netting of so many bitcoins during the endorsement.
Bitcoin cannot be separated from the pace of any news that concerns itself, especially from information via social media.
But we are just grateful for the halving so that there is an increase which always occurs every 4 years. Hopefully this will also affect altcoins.

Halving and ETF are a nice package to wrap up as fundamentals to consider over the long term. Both allow the demand for bitcoin to increase, making the price volatility higher, making you profit or lose. You can wait for prices to become more expensive after the halving, but of course this will not happen instantly - meaning you still have to be patient because the increase requires a process.

Many bitcoin holders are already preparing their investmen for returns - they are also preparing their portfolios. They buy a lot and accumulate - of course they do so because they really hope that ETFs and halvings can provide them with returns. Optimism exists among holders - a repetition of history in the 4 year cycle is expected, but do so at your own risk.

yohananaomi

sr. member

Activity: 2422

Merit: 267

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: cakravothy on February 20, 2024, 04:23:35 PM

what makes the price of bitcoin skyrocket is not about the ETF issue anyway in my opinion. but about this year bitcoin will carry out its 4-year celebration, namely halving. because with halving its mining production will be cut to 50 percent, it will cause the supply to decrease. when the supply is reduced but the demand is high, according to the law of supply and demand, the price will rise high.

There is always a possibility that what you say is true, because now we are entering a halving period where usually there will be an increase either before or after. But it does not rule out the possibility that there is also an effect from the recognition of the ETF and the netting of so many bitcoins during the endorsement.
Bitcoin cannot be separated from the pace of any news that concerns itself, especially from information via social media.
But we are just grateful for the halving so that there is an increase which always occurs every 4 years. Hopefully this will also affect altcoins.

STT

legendary

Activity: 4088

Merit: 1452

The news story thing boosting prices is hard to judge, alot of noise and unclear as to future or preexisting effect on the price. Alot of news is retrospective, if there was some buying from it then thats in the price already. I would refer to the graphs mostly as leading edge and good for questions of what if and what happens next. Its far more like a real time feedback and gauge to mood in the price action so any prediction has at least half a chance I figure. Today it dipped and recovered from losing the weekly average but be cautious now if it dont reach past 52880, we may need to gather some support from a pullback to 49k possibly.

goaldigger

sr. member

Activity: 2422

Merit: 357

Quote from: cakravothy on February 20, 2024, 04:23:35 PM

what makes the price of bitcoin skyrocket is not about the ETF issue anyway in my opinion. but about this year bitcoin will carry out its 4-year celebration, namely halving. because with halving its mining production will be cut to 50 percent, it will cause the supply to decrease. when the supply is reduced but the demand is high, according to the law of supply and demand, the price will rise high.

ETF will surely have the impact in Bitcoin price today because of new money from the investors and we cannot just deny this fact. Halving might be the top reason but again, it’s not the only one since the market receives a lot of good news early this year. Bitcoin price will continue to grow as expected, congrats to those who bought at the bottom price of Bitcoin and still holding, you’re making good profit already.

cakravothy

hero member

Activity: 868

Merit: 501

Chainjoes.com

what makes the price of bitcoin skyrocket is not about the ETF issue anyway in my opinion. but about this year bitcoin will carry out its 4-year celebration, namely halving. because with halving its mining production will be cut to 50 percent, it will cause the supply to decrease. when the supply is reduced but the demand is high, according to the law of supply and demand, the price will rise high.

blckhawk

sr. member

Activity: 1554

Merit: 334

Will definitely fuel but I don't believe it would be enough to skyrocket the market, I think that the biggest scenario that it can help fuel more towards the price skyrocket is when the scenario that involves bitcoin is going to be involving a lot of people like what happened in stimulus checks, lots of people have been using theirs to buy bitcoin back then, it has to be the same as that to really trigger something bigger and I don't think that banks being involved in crypto is going to be that one fuel we're thinking of.

yohananaomi

sr. member

Activity: 2422

Merit: 267

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: erep on February 18, 2024, 10:50:57 AM

Quote from: yohananaomi on February 18, 2024, 01:10:54 AM

If, as you say, last month there was a decline, then now as we approach the halving period there will be an increase as soon as possible, but it doesn't seem to be appropriate to that situation. The movement at $51K-$52K continues, and there is no significant movement to break away from $52K; it seems stuck. Will it be stuck at this price for long? or indeed, it will move again soon to reach $60K at the end of this month!!!Of course, we will wait for there to be movements that can have an influence on achieving a renewable ATH.

I think you are too pessimistic about market prices which are experiencing a small correction after reaching the highest recovery since ATH was reached several years ago, market fluctuations will never be stable so every price will move every second but that is not the main guideline for market analysis, we see movements are still normal because it is normal for the market to experience a small correction or stall after the market has increased. So remain optimistic that the market will soon experience an increase in the next stage of the movement, according to many expert analyzes that the next movement will pass the previous ATH.

Maybe what you are analyzing could be true. Indeed, the market is experiencing a small correction and, of course, that is what is expected, so that there will be no surprises that will actually damage the market, which is already starting to improve. I really hope that the movement that occurs because of the stagnation that I estimate is a normal movement that usually occurs. Of course, that is the hope that we want. I am always optimistic because the halving period is starting to approach and usually there will be movements that occur and, of course, it will provide the best. It looks like the movement will reach a renewable ATH, but maybe after the halving period or at least maybe at the end of this year., We will wait for the surprise that is expected to happen.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: Husires on December 27, 2023, 11:40:23 PM

Legal legislation alone is not a sufficient reason to pump prices. If all countries decide to consider Bitcoin a legal currency, demand will not increase and the price will not change significantly, but if a company or several companies decide to invest in Bitcoin or Bitcoin is considered a legal tender, then people are forced to buy and the price will increase.

What makes you say that? As far as I understand, people are often afraid of getting engaged with Bitcoin or cryptocurrencies because of legal consequences if their countries have banned the usage of cryptocurrencies. So, if those countries lift those bans and announce that people are free to buy and hold and use Bitcoin and all other cryptocurrencies, I'm pretty sure that the adoption will increase and that means an increase in demand hence a price increase.

So, a price increase isn't just dependent on an investment that a company might make but if there is an increase in demand among the general public, and if they adopt Bitcoin and cryptocurrencies, that will also make the prices of cryptocurrencies go up significantly over time.

Fara Chan

hero member

Activity: 1302

Merit: 516

Bitcoin Casino Est. 2013

Quote from: erep on February 18, 2024, 10:50:57 AM

I think you are too pessimistic about market prices which are experiencing a small correction after reaching the highest recovery since ATH was reached several years ago, market fluctuations will never be stable so every price will move every second but that is not the main guideline for market analysis, we see movements are still normal because it is normal for the market to experience a small correction or stall after the market has increased. So remain optimistic that the market will soon experience an increase in the next stage of the movement, according to many expert analyzes that the next movement will pass the previous ATH.

It is indeed quite possible for Bitcoin to surpass the previous ATH in the next price increase if it happens slowly as has happened this month when the Bitcoin price headed to over $50K. And for now everyone should think optimistically and never panic about small corrections that only occur temporarily, because people who are patient to see the next improvement will definitely not think that small corrections are a problem.

Experts also think that price corrections are a very normal thing in the market, especially when it comes to Bitcoin, which basically rarely runs in a stable price so that increases and decreases in Bitcoin prices are a normal part that everyone must understand. Because it would be very funny if even now, with so many price increases in Bitcoin that have been seen there are still people who complain and are pessimistic about small price corrections in the market.

erep

hero member

Activity: 2282

Merit: 589

Quote from: yohananaomi on February 18, 2024, 01:10:54 AM

If, as you say, last month there was a decline, then now as we approach the halving period there will be an increase as soon as possible, but it doesn't seem to be appropriate to that situation. The movement at $51K-$52K continues, and there is no significant movement to break away from $52K; it seems stuck. Will it be stuck at this price for long? or indeed, it will move again soon to reach $60K at the end of this month!!!Of course, we will wait for there to be movements that can have an influence on achieving a renewable ATH.

I think you are too pessimistic about market prices which are experiencing a small correction after reaching the highest recovery since ATH was reached several years ago, market fluctuations will never be stable so every price will move every second but that is not the main guideline for market analysis, we see movements are still normal because it is normal for the market to experience a small correction or stall after the market has increased. So remain optimistic that the market will soon experience an increase in the next stage of the movement, according to many expert analyzes that the next movement will pass the previous ATH.

yohananaomi

sr. member

Activity: 2422

Merit: 267

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: erep on February 17, 2024, 05:52:38 PM

Quote from: yohananaomi on February 16, 2024, 08:23:08 PM

Quote from: cakravothy on February 13, 2024, 01:22:12 AM

This year is the year of halving, of course there will be a bullish or uptrend. and the uptrend will last long until the peak will occur next year. the possibility of the price of bitcoin can touch at the price of 100K dollars or will touch its latest ATH even though it has not reached 100k dollars but if it touches its latest ATH price it will definitely be able to.

The halving will occur in an estimated 62 days from now usually, what you say is correct an upward trend will occur. But before the halving period occurred, of course, the current price was quite surprising at $52K and moved from $50K slowly, and there was always a downward movement. Some analysts say that before entering the halving period, there will be a correction first. If this is true, of course there will be a decline, but it doesn't change that after the halving period there will continue to be an increase. It is possible that the $100K that is expected to occur in 2021 will actually arrive at the end of this year, and then next year a renewable ATH will be created.

The impact of the market decline already occurred in January from a price of $48k which had fallen to 38k, but we saw a significant price recovery reaching $52k this week, so my assumption is that the price decline has occurred but the market decision is focused on recovery and an increase in price reaching ATH, maybe on the way to approaching the halvig there is a high potential that the price of bitcoin will be higher than our speculation, at least the price of 60k will soon be reached this month in the next significant upward movement, I can't wait to see the price will soon reach ATH.

If, as you say, last month there was a decline, then now as we approach the halving period there will be an increase as soon as possible, but it doesn't seem to be appropriate to that situation. The movement at $51K-$52K continues, and there is no significant movement to break away from $52K it seems stuck. Will it be stuck at this price for long? or indeed, it will move again soon to reach $60K at the end of this month!!!Of course, we will wait for there to be movements that can have an influence on achieving a renewable ATH.

erep

hero member

Activity: 2282

Merit: 589

Quote from: yohananaomi on February 16, 2024, 08:23:08 PM

Quote from: cakravothy on February 13, 2024, 01:22:12 AM

This year is the year of halving, of course there will be a bullish or uptrend. and the uptrend will last long until the peak will occur next year. the possibility of the price of bitcoin can touch at the price of 100K dollars or will touch its latest ATH even though it has not reached 100k dollars but if it touches its latest ATH price it will definitely be able to.

The halving will occur in an estimated 62 days from now usually, what you say is correct an upward trend will occur. But before the halving period occurred, of course, the current price was quite surprising at $52K and moved from $50K slowly, and there was always a downward movement. Some analysts say that before entering the halving period, there will be a correction first. If this is true, of course there will be a decline, but it doesn't change that after the halving period there will continue to be an increase. It is possible that the $100K that is expected to occur in 2021 will actually arrive at the end of this year, and then next year a renewable ATH will be created.

The impact of the market decline already occurred in January from a price of $48k which had fallen to 38k, but we saw a significant price recovery reaching $52k this week, so my assumption is that the price decline has occurred but the market decision is focused on recovery and an increase in price reaching ATH, maybe on the way to approaching the halvig there is a high potential that the price of bitcoin will be higher than our speculation, at least the price of 60k will soon be reached this month in the next significant upward movement, I can't wait to see the price will soon reach ATH.

yohananaomi

sr. member

Activity: 2422

Merit: 267

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: cakravothy on February 13, 2024, 01:22:12 AM

This year is the year of halving, of course there will be a bullish or uptrend. and the uptrend will last long until the peak will occur next year. the possibility of the price of bitcoin can touch at the price of 100K dollars or will touch its latest ATH even though it has not reached 100k dollars but if it touches its latest ATH price it will definitely be able to.

The halving will occur in an estimated 62 days from now usually, what you say is correct an upward trend will occur. But before the halving period occurred, of course, the current price was quite surprising at $52K and moved from $50K slowly, and there was always a downward movement. Some analysts say that before entering the halving period, there will be a correction first. If this is true, of course there will be a decline, but it doesn't change that after the halving period there will continue to be an increase. It is possible that the $100K that is expected to occur in 2021 will actually arrive at the end of this year, and then next year a renewable ATH will be created.

Topic: Will it give fuel to skyroket for btc ? (Read 458 times)