Topic: Will there be a boom again? - page 5. (Read 1049 times)

The past records have shown that there is always a bull boom coming up although there is no specific date on this big boom but as a crypto and Bitcoin is concerned am willing to take the chances of the bull run happening. Bitcoin bull boom is set about to take again in 2024/25 that's if it followed the previous bull run period.

So what any good crypto enthusiast should be doing is to actually buy as much Bitcoin or crypto asset as he can ahead of this period because it's happens scarcely.

After you finish your studies at university, you must have a degree by now? At least you are already working to start earning from what you did at university. Actually this is not something bad you never miss in bitcoin investment the price can skyrocket to $200K if you are more patient holding the bitcoin.

Well the savings fund is important for urgent needs if you use that money for bitcoin investment then it's not good, at least you should have a reserve fund to cover your needs. No, I don't recommend any altcoins.

Means it is better to set aside from your job income for bitcoin, such as 30% of your salary can be invested in bitcoin or other source income can be diverted to bitcoin, so that your savings fund is safer to make an emergency fund.

There should be a bull run incoming into crypto space but funny how all of us are certain on this right ? I think this is the first time that almost all the investors , holders and speculators are waiting for a bull run of Bitcoin in 2024. What if 2024 will be a continuation of bear market ? I know the halv is in 2024 but honestly , I wouldn't be shocked to see Bitcoin having a bull run only in 2025 because like I said , this is the first time when everyone in crypto space and all around it , are waiting for the bull run to start. So far , my predictions were almost on point and I've predicted correctly that Bitcoin will crash during the summer cycle like it always has.

Completely true, knowing that don't make investment decisions according to other people's advice, it's stupid, who knows, some of them are giving advice to the OP just to trap them.
Personal analysis is very important before investing wherever you are, both technically and fundamentally, because that is what will underlie you being a knowledgeable investor.

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Op if you want to invest using all your savings in crypto I don't think that's a good thing, however you have to understand that you will need cash to anticipate the need for emergency funds, and that will disrupt your investment, crypto is quite volatile, so you really have to manage your money well.
Bitcoin is the safest solution for you to take compared to altcoins, today's bitcoin is -65% of its ATH, I think if you can wait another year or two, your profit will be more than 65% of bitcoin, keep in mind that 2024 bitcoin halving and one year later is the end of the bitcoin cycle which usually forms a new ATH. I suggest you read more about the potential that will happen in the next two years.

If you study history, the probability of a boom within a year and a half or two years is very high. In the spring of 2024 - another double-digit decline, which is usually the trigger for the growth of the entire cryptocurrency market. Of course, there is always the possibility that history will change, but let's hope for a repeat of it

Should one invest in Bitcoin, the first cryptocurrency that comes to mind? Or is it possible to make better profits from altcoins? The truth is, once you know this business, it doesn't really matter which one you invest in, you can make a profit either way. Because technical analysis and fundamental analysis, as well as the indicators and chart readings you will apply, will earn you both when cryptocurrencies are falling and rising.
This is where investor profile, education and strategy come into play. Because there is no one better than you to decide which cryptocurrency is right for you. You should know this well. Remember that investing is not done with advice but with education, not with emotions but with technical knowledge and analysis.

You went to university for study so there is not a better thing than study. You completed your study now you are free to invest in bitcoin.

you did not waste your time because if one Bull season have been passed so there will be lots of other bull season coming and as you are talking about bitcoin so this suggest that you have some knowledge about it which is a great chance to reach your destination.

Now the price again lower down which is best time for you to earn money through bitcoin investment and when halving reaches so your wait will be over to take the money in elevated form.

One thing you must come to know is that, no single individual is a bulk of knowledge, not even a group of persons. What everyone has got is just a part of the entire and can only offer opinion based on what they understand. Your far better following up the devices of those who are into a trade or profession than those who speak carnally or just out of what they feel could be the case. I hope you understand that now.

From what I gather, you didn’t make any mistake by migrating and taking the time out and resources to study. That’s still something that would be beneficial to you in the long run. Except your saying you didn’t get to give studying a chance which I doubt but then, your sure to have learned a lot, how to choose what you go by, data analysis and coordination, making inferences and more.

You’ve got another chance with the steps you’ve taken this far, use it and invest as you please. No time is ever late.

Alts are very much glued with Bitcoin i.e. whenever Bitcoin goes up the Alts go up and vice versa. You can invest in Alts but they will go up only once Bitcoin goes bullish. That's why its more appropriate to put most of your capital in bitcoin. There are thousands of Alts on CMC but most only top 10 or 20 on CMC are worthy to be invested. Secondly, just stay away from alts that are cheap in price they rarely go up and majority of people lost there money with hope of getting rich with small capital.

Sounds like you are in your 20's

Here is some advice statistically time is on your side.

Living to 60-70 or more is fairly common so you have 40 to 50 years left or more.

Make 2 stacks BTC and Doge.

buy weekly, buy $30 in BTC and $10 in doge.
Now if you can spend more than 40 a week which is 2000 a year do it.
Do this for 10 years and reassess the numbers. Never spend any of those coins.

Also put aside emergency cash say 20 a week.

Now I am using numbers that seem high or low. But 60 a week is not a lot. Is 3000 a year.

If you buy an iPhone 14  vs a samsung a54 you spend 1000 vs 300
I you buy Starbucks coffee  rather than make you own coffee you spend 5 vs 2 a cup
Just those 2 things save 700 + 3(365) = 700 + 1095 = 1795 in a year.

I haven't posted on this forum since 2017 and what I was posting back then doesn't mean that's what I think as for now. I know that Bitcoin is a good currency but many things have happened since 2016, maybe there are better investment options? Bitcoin has some problems like transaction speed and transaction fees. Can it experience as dramatic price change as it had in 2017? Probably not but who am I to predict, that's why I came here to ask you guys for your opinions. I think you guys know more about it than me.

Thank you for this reply. I still wonder, whether was it a good decision or not. I have some zero point zero X coins on my old Electrum wallet, I do still have seeds safely saved and swore to not touch it until 2030. I think I wouldn't become a victim of scam like BitConnect, I am very cautious an critical but who knows? I think about it repeatedly because if I were to save all the money that I have spent on this study and migration, I would be a millionaire. What kind of job can I get today to pay rent and save up to a million dollar? That's it, probably there is not such a job unless you are a surgeon, psychiatrist, dentist or software engineer and even there, you have to work very hard. The max I can save today is $500 a month.
I don't know how old you or your parents are but I can say that my parents or let's say older generation, doesn't know how the life works today. At past they would get a college degree and good job that was enough to feed family and buy a house but today, I see that money is not made via hard work. I see girls around me who got onlyfans and earn way more compared to me. What do they do? Taking pictures of their nude bodies, having fun in restaurants. Then there are Twitch gamers who play all the time and earn more than what I make in a single year. Then there are kids who catch a good crypto pump and have millions. Yeah, sometimes I feel like stupid and helpless. Also, Canada is not what people think about it. Everyone thinks that it's a great country where people have great life but it's not true. Maybe life is good for locals who have houses but for other people who have to pay rent and so on, life here is nothing special but I am still grateful for this country, it's better than my place and I have more possibilities here, people are friendly and amazing too.

I am really grateful for such a reply, thank you very much.

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Thank you absolutely everyone for your replies. I read every post but can't reply to everyone.

Because the halving is on Bitcoin, it is not wrong if you advise other people to invest in Bitcoin even though on the one hand you are telling other people to forget about altcoins because currently there are so many altcoins whose potential price increase is also difficult to know when the Bitcoin halving occurs. So choosing something more logical like Bitcoin in my opinion is also the right choice for everyone at this time.

The average altcoin that is in the top ten in the cryptocurrency rankings is not a bad altcoin to buy, but if our goal is to make a profit in the halving, that means everyone has to focus more on Bitcoin first, not on altcoins even though altcoins are also often experienced an increase when Bitcoin started to increase its price more in the market.

You'd rather forget about the past OP as it only reminds you of mistakes that most of us did. Yes, many people missed that opportunity because most of us are doubtful about Bitcoin but what happened today is not been what we thought before, so we regret it. However, we still have the chance, if we missed before why not take this time? If we trust Bitcoin, no way we think negatively but be still focused on our investment goal. There will be a market recovery, couldn't be bullish instantly but certainly, it comes someday. Invest and Hold, it is not really easy but worth rewarding if we can do it right.

There is no prediction of what will happen to altcoins. So, which altcoin you will invest in is a big question mark. With the halving approaching, the most logical investment is to invest in Bitcoin. We do not know whether altcoin prices will rise or not, or rather, we do not know which altcoins will rise. So I think you don't need to risk your money. I think the best investment for now is Bitcoin.

There are solid coins in the top 10, but we all know what can happen in the market. It no longer means anything for a coin to be in the top 10. It is best to invest in Bitcoin until the market regains confidence.

You talking about the bitcoin halving, so obviously the advise is that you should be investing on bitcoin and not on altcoins. Why? it's because we really don't know what altcoins to invest, majority are meme coins, pump and dump and shit coins. Of course there are solid coins in the market, in the top 10.

However, if you want to sleep at night and not to worry about the price and if you are here for the long term, then bitcoin is the best investment. You just have to learn how to property protect your bitcoin, so learn about wallets, and have the knowledge about private keys.

When we think of history repeating itself, we must also realize that some history will change and will not be the same.

If we can compare how the market conditions this year and next year will certainly be different.
But we can see the essence, the history of the market has increased and decreased after several events that occurred.
Like the Halving Event which occurs every 4 years and is the starter for Bitcoin to reach a new ATH.

We will all probably focus on the Halving and see how effective the increase will be.
History will not guarantee that the market will experience the same thing, there will be changes according to conditions and situations, but the achievement for ATH will still be in line.

We have to be patient and see how the explosion will happen soon.
Holding back and buying gradually when the market is uncertain as it is now is an opportunity that will not come a second time.

The only one that can decide what to do with your money is yourself, even if I think bitcoin is going to grow significantly during the upcoming bull run, due to its high market cap it is impossible that is going to grow in the same magnitude it did on the previous bull runs.

So you have to take a decision, to take the risk with altcoins or to pick the safest option? If I was on your shoes I will pick bitcoin, but as I said this is your decision and if you decide to go for altcoins then so be it, just make sure the altcoins in which you invest are any good so you do not end up being scammed.

Missed opportunity that is what we call it, and all of us had this opportunity in our hands but just let it slip because we are not knowledgeable on Bitcoin and thought that it wouldn't reach the price at which we are.

Prioritizing your education over investment is still a good choice because that was your plan before, as that is the greatest investment in our lives. But if you think that you've just invested the money you've earned at that time a lot of things will happen. Are you sure that you've bought that year and held it until 2020 or are you sure that you haven't gotten scammed? There are things that will happen so don't ever regret them.
 
History will repeat itself so we will be seeing that boom again in a few years. Just be patient.
 
 

Point is BTC isnt a fixed protocol, it can adapt and include new things that would become useful if the blockchain should decide its in the best common interest.   So the idea of alt coins and leaving BTC is controversial and negative to some because you are assuming BTC has made a mistake and greater things are possible elsewhere.    I dont mind alt coins, I like to think proof of stake could work because it seems more inclusive but its not yet sure exactly.
  There will be another cycle to BTC so long as there is demand because supply is contracting, alot of the supply was from the last peak unwinding and somehow people being surprised the price will not always go up.   The time scale for BTC is surprisingly long, we keep trying to guess the daily and weekly price when perhaps nothing below a quarterly bar really matters that much for true progression in price action.

If in the past, like around 2016 and 2017 which you said you would have invested in Bitcoin, take a look at the altcoins that were around during that time and see if those altcoins are still exiting today and waxing strong like Bitcoin. Bitcoin has existed for about 14 years now, and so many altcoins did not even last for a year before failing. Since you are still new to crypto and, like you said, you missed the last bull run of Bitcoin, it's a reason for you to invest in Bitcoin now so that you will not miss the next bull market that is coming. Altcoins usually pump and dump, and during the bull run of Bitcoin, some altcoins get pumped, but if you want to invest in altcoins, you will not accurately know which ones will get pumped, and that's why you should invest in Bitcoin.