Bitcoin Forum

I have been very busy which makes me not to post this very early as it was last week news. Just that it is still very much worth it to post this.

More than 30% of Canadians plan to purchase crypto by 2024, says OSC head (https://cointelegraph.com/news/more-than-30-of-canadians-plan-to-purchase-crypto-by-2024-says-osc-head)

Some people said a period of time will shock people when the price of bitcoin will no more rise using the 4 years cycle. Some even said that bitcoin market is matured already that this bull run trends may not become possible by 2024. But the good news is, you should still believe in bitcoin, it will not disappoint you in the next cycle.

According to Ontario Securities Commission head, the chief executive officer, Grant Vingoe, he said that they know from their research that 30% of Canadians are willing to invest in crypto asset by 2024.


I believe if this kind of research is conducted in many other countries, more people will want to invest in crypto by 2024. And what should we expect by that time and 2025? Bull run.

What if Canadians had moved earlier without sticking to the data simply for targeting the year 2024 when the 4 year Bull occurs. They don't want to miss the train that took them early to welcome ATH Bitcoin. I know that Canadians will do it without having to inform the government about the data being taken officially. 30% of people are willing to be interviewed but the rest may have invested in Bitcoin during a bear market.

Even if this data is totally accurate, who's to say that they wouldn't change their mind? I could almost guarantee a huge majority of people who bought into the bitcoin hype at near all-time highs were also planning on holding. But yet? Most of them panic sold.

Exactly, some people may already be accumulating without the knowledge of the Canadian government. This 30% does not represent the opinion of the entire Canadians. People are already exposed to the positive side of btc, and now happens or seem like the best time to accumulate while the price is relatively down so why would they miss out on such opportunity and wait for 2024 to buy?
I believe the accumulation is already in process but they are not fully aware of it yet.

You are right, some people would have been holding by now. There would be some bull and bear market before 2024. But I am only saying that time investment would likely be huge which will drive bitcoin to all-time-high.

If it turns out as planned, there won't be bull market by early 2024. Even if bull market started it, it won't yet be significant. It would be a good time to hold if invested early before halving. I so much believe in 2024 halving to drive bitcoin to all-time-high.

I don’t think the bottom is in for this bear market yet. We will see a new low but even so now is a good time to buy because we will see the price hit over 100k after the next halving. Anything you buy under 30k is a great buy. Cheap prices will not last for long though so you will have to act.

Surveys have lot of biases and we don't have enough information about this survey to conclude about its quality. Most of surveys have low quality so that they won't accurately represent for a bigger size or population in society.

Moreover, from plans to real activities are a long journey with uncountable challenge. People can or can not finish their plans and they can stop their plans any time. Assume this survey is correct, it is a good news for cryptocurrency adoption but we must wait to see real changes in future.

More realistically, maybe many of us plan to buy a house but very a few of use actually buy a house. This example will wake you up from the survey result.

great news, indeed now is a good time to buy bitcoins, and I personally started collecting bitcoins. because I think one day there will be a higher rise. especially coupled with the news you post, I'm sure it will make bitcoin holders happy. and I think it could be from now on CANADA people start buying bitcoin without the knowledge of the government and others. because maybe they are buying bitcoin right now, because they definitely think that now is the right time to buy, because now the market is bearish.

All of them are predictive models that are not accurate since the current factors are very extreme and therefore it is difficult to adopt them to start studies and future plans.
In general, I do not know how to confidently express something related to Bitcoin over the next two years, but the alarm is clearly increasing.
In addition to the most important of these is the amount of investment, will it be bold or shy?

It's quite obvious that everyone will just come up with their own analysis about bitcoin price but what we believe and work on is not what the news give but what we've learnt about bitcoin as a currency and this all began from the trust we've developed on what Satoshi has made to be a tremendous success today which is bitcoin and yet, the thirteen years journey is good enough for us to learn and build confidence on the bitcoin will definitely surge sooner or later.


This as well is applicable to almost every part of the world, everyone want to learn, search and invest with bitcoin and the adoption keep spreading, what the people want is the actual decentralized currency and network.


The people specifically want bitcoin and not the crypto that constitute all other currencies


There's high probability that before or after 2024 there will be a steady bullrun when a new ATH will be set in place, we don't need to wait till 2025 before the major event happens, 2024 is the target for now or before then.

Exatly what I was going to get at, however, OPs quote of this could be more or could even end up being less and even if the research wasn't done at all, those that already want to invest in Crypto would still do that. I believe it was just a way to affirm that X% of people are looking into investing in crypto over a period of that time

And at OP, that wouldn't be necessary because these researches do not really make people take a decision but only help you understand the percentage of the people in relation to what decision they have taken or will be taking.

I'd expect a lot of screaming people about losing their investments in 2025. I highly doubt they'd also buy big, though if a big number was obtained from different countries then even if it was small, it'd still make a pretty noticeable wave at a point. Though I don't think the article specified a Bitcoin buy? I reckon they'd only ever buy Bitcoin once the bull run is happening (or has already happened) as we've all seen with newbie investors, it wouldn't be odd for them to invest in some random shitcoin and lose their money in the process imo. Most (new traders/investors) would never really buy at this point of the market.

In America now there are already several countries whose citizens already like Bitcoin and buy it without having to ask permission from the government, Canada is one example in this case. But if you try to look at Brazil and El Salvador which have already adopted Bitcoin in their countries, it is already much better than some countries that are trying to follow in El Salvador's footsteps.

Because Americans can also think of Bitcoin as a currency other than Dollars which they use in general for their daily lives and Bitcoin will be a complementary investment asset for everyone there so that they don't just depend on fiat currency as usual.

The research has to be inaccurate, because there is no way to know correctly the percentage of Canadians, Brazilians, Americans or any country at all that plan to buy crypto in 2024, people pass away, go broke, change their plans and so on and on, the data is not something i would even want to take very seriously.

But what i think will happen without any capped percentage is that many people will buy bitcoin around the year 2024 because that is what they usually do, people wait for a bull run to start, and then fomo follows next before they start to take accumulation seriously, you would be surprised that many people are not buying now the price is below 20,000 dollars per bitcoin, they wait until it is fomo time to start buying, because of very bad planning and lack of research and trust in bitcoin.

To be frank,  2024 is a very long time from now. Anything can come up before then that can even change the dynamics of this crypto industry. By the way, isn't 2024 halving year? I won't even count on what the Canadians are saying. Whether they made that comment or not, Bitcoin will soar in 2024/2025. Come to think of it, didn't some people talk tough about hodling Bitcoin a few months ago only to disappoint later? For those who want to hold, 2023 is a better time to start accumulating. 2024 would be chasing price in my opinion.

@_act_ , no offense, but you should find another source of information than the one you constantly use - simply because their articles are simple clickbait and make almost no sense.

To show you an example of how pointless this whole research thing is, I'll have to break my rule of not posting links from this source, but here's what another article says : 61% of Americans may purchase crypto in 2022, a new survey says (https://cointelegraph.com/news/61-of-americans-may-purchase-crypto-in-2022-new-survey-says).

These articles have nothing to do with the truth, they are just PR for the companies that do these researches, and CT serves them as an advertising platform. 61% of Americans or 30% of Canadians are numbers pulled out of a hat, because these numbers have been repeated for years, and we haven't reached an adaptation rate of even 5%.

In the end, they don't even claim that these people will invest in Bitcoin, but in crypto - which means that they will invest in useless projects that promise big profits, and in the end 9 out of 10 such projects fail.

Besides the results are only limited to viewless predictions which in my opinion do not have much effect on market volatility, this research is more concerned with and urges crypto industry players to immediately adjust regulatory standards and 2024 is the deadline.
I'm more focused on the last paragraphs of the article, it seems that the OSC lately has taken a lot of action against the top exchanges that don't have operating licenses.

Waiting to invest in 2024? while the current moment slips away. bitcoin is still relevant enough to buy right? if the count increases by 2024, it means they are ready in no time to take profits or indeed late in after ATH. If Canadians are aware of the Bitcoin cycle, I believe they have entered before their time rather than entering the moment of 2024. I believe the Bitcoin Halving cycle will continue, regarding time then it is appropriate for Canadians to start now.

This is a very good update for all BTC enthusiasts and BTT members in particular. Most of us (if not all) are getting ready for the great 2024, there is no way halving will not help the crypto to rise. Halving is tradition, yet the more the number of buyers and the volume and the volume they buy with, the better for the bull run of Bitcoin in the year.

So, it is very good news to us that are getting ready to buy BTC in 2024. My only hope is that bad news will not truncate the hope because a piece of news like that might set aside a tradition regardless of how optimistic we could be about it.

OSC, Ontario Securities Commission is based in Canada and it is only about Canadians. We can make conclusion that anything can change, but I do not see anything inaccurate based on the research. The research is not about speculation, not about what bitcoin price would be by 2024, but based on what they know about Canadians presently. Definitely people can change their decision, but that does not mean the research is not accurate, but could be what people should not use to speculate what would happen to bitcoin price.

That is true, we should not depend on news about this. I saw this link and I was surprised that 2022 could be suggested that more Americans are going to buy cryptocurrencies. What I noticed from this is that people that fomo can also be part of the research, the market can fall and the people that fomo can sell which can lead to bear market. I will not accept this type of research again.

The news only scares investors who have just joined bitcoin because they don't know enough to see if the news is trustworthy or just to make people panic. It is better for those people to still believe in bitcoin and hold on to it even more tightly even though these hard times are becoming even more difficult because they will not last forever. There will definitely be a turning point for bitcoin to start a new rally and increase its price again as before.

And although the 4 year cycle will change later, it won't be a problem for them and us because we still believe in bitcoin. It is natural to see that people will spread bad news about bitcoin and cause panic in the market because they want to take advantage of the situation. From now on, we must be more careful and hold tight to bitcoins and accumulate more bitcoins at low prices.

It's strange that they're willing to wait for the halving before investing. We all know that by the time halving hits bitcoin's price is much higher than it was in the bottom of the bear market.
The picture below shows it well. The bottom usually comes about a year before the halving, although the bull market this time was much shorter than expected because it started later than expected and ended earlier. The chart suggests a bull market since spring 2020, but the price reached the former ath of 20k in December of that year, so the bull market  lasted only about 11 months, while the chart suggests close to 18.

Anyway, is in the middle of the cycle, so about a year before the halving, which is pretty much now, not in a year from now. At the moment of the halving we could be at 40k or higher.

https://miro.medium.com/max/4800/0*iBhWgQWQ_tDSg1bX

I've been on the forum a little longer than you, so I already know that any research like this should be taken with a certain amount of caution because it's very easy to manipulate the numbers. In the end, they can write whatever they want, and it certainly wouldn't be news if the number of Canadians who want to buy crypto is 13%, and I wouldn't be surprised if it was even less than that number.

Another factor that we often do not take into account is the standard of the average resident of North America, whether it is Canada or the US, who nevertheless live much better than most people in Africa or India, and the latter are still much more looking for a way out in investing in cryptocurrencies - which would mean that they are perhaps much more important for the crypto market. What I want to say is that maybe we focus too much on one continent, and we should look at a much wider picture.

The sentiment of the crypto market for now seems to have started to rise to the level of fear, where previously the sentiment was in a position of extreme fear for a long time, but I also firmly believe that another opportunity will definitely come and we can hold bitcoin from now on to profit. significant in the future, although we do not know for sure when the price of bitcoin will rise but at least we can learn from previous experience most people are successful because they are able to hold bitcoin for a long time.

If we are talking about bull run, yeah, I would say it's inevitable, regardless of what is the factor, i.e. another country adopting, billionaires outside of Saylor or Musk joining the picture or just like this report. And so a I guess for us who have been here long to see the bull and bear market, it doesn't matter, bull run will certain to come. But if the report is true, then they might be late if they join and invest in 2024. Now is the right time because the price is at a a discount and very cheap.

Those 30% Canadian people I am sure said that they "might" buy bitcoin. From those 30%, very likely more than half of them wouldn't bother buying. They just said yes because they keep on hearing about bitcoin and how people made profit. I am sure if they see the current market, they will likely feel turned off from investing in bitcoin. Also People will change their mind within the next 2 years. Less than 30% of those people might end up not buying or more than 30% of the people will end up buying. Those statistics doesn't mean anything and you shouldn't rely on it for your investments.

Even as we anticipate Bitcoin price increase in 2024, the fact still remains that there is no sure time as at which this new Bitcoin all time high will be reached, the 2024 Bitcoin halving is a catalyst for the next bull run but we must be smart enough to search out information from other sources and seek to get more data that can point to that rather than relying on an article that is basically based on assumption. I think having 30% of Canadians to invest in Bitcoin in 2023-2024 will be just an assumption.

Data surveys will never be accurate, that's just according to them in their research, so it's true that maybe some have done it without having to notify the government they can do it anytime without having to get approval because buying Bitcoin is our right to buy at any time, so for me with this news it's pretty good too that Canadians have increased buying Bitcoin 30% of that data I know whereas in other countries are doing the same so they are really ready for this once every 4 year cycle.

Isn't a bear market a great opportunity for the brave? And well, some of them are strong enough to hold Bitcoin longer at least until 2025 as the year the Bitcoin price is predicted to be high it will be the next cycle, it's not surprising that many are buying at this time with the existing surveys, so investing must be a lot who do now.

One word HODL to Bullrun.  8)

It would be true research, but I doubt it will happen. Because there is no such community that will invest together by planning. They might already start to accumulate crypto, why should wait until 2024? There would be something else that would push Bitcoin's price. Doesn't necessarily Canadian bought it. 30% of the total population isn't a small quantity at all. If Incase they decide to buy crypto then a huge impact will be on the crypto market. We can't control people's minds, and such as research isn't easy at all to get accurate data.

Canada has a smaller population than I anticipated for a country of its size, but it's still around 38 million people, so a quarter would be around 13 million people. Realistically, people normally invest something more than $10, and even if each of these 13 million invests $100 on average, that's more than a billion dollars worth of investments rights there. Maybe this won't happen, but openness of 30% of people is still something, and those who do invest would probably go in with more than $100.
It's cool that this sort of research is being conducted, I think even posing people in front of a question like that makes them consider it as an option, so it's a bit of a crypto promotion of its own.

it's just research that maybe people on this forum are not surprised to hear it, almost the average crypto community in this forum probably already knows about the 4 year cycle which we always see people discussing on this forum including this thread is one of them, I believe anyone will not miss it again for the umpteenth time, so I just bought some altcoins which I think are cheap now, just buy and focus on holding them in the next few years so let them canadians buy my altcoins which I have bought today 2 years from now, they prefer bought it when it was expensive compared to today almost all cryptos look cheap everywhere

Whether the survey is correct or not, the good news is that a good percentage of Canadian citizens know about crypto and they are willing to invest in bitcoin comes next year before the bull run.

Global adoption of crypto is spreading significantly. I can't ascertain what the next halving will be like by 2024. Am just been hopeful before then, that other countries will encourage their citizens to invest more in crypto before bitcoin halves.

There is good sentiment about the results of his research, it will put bitcoin on a great bullish path next year if people really want to invest. I don't know if other than Canada also have such research, but I believe it can encourage more optimism among traders and investors from now.

Preparation is needed for big bulls in the future, but if the demand is not greater than the supply then it means I can't expect bullish and ATH in 2025.

I think the markets no matter how mature they are will always follow a pattern and repeat history it's not because of some myth or something it's just tokenomics and people's perception about that very asset. The time frame might not be the same it might differ this time but eventually bull run will come and yes there are a lot of people who still want to come inside the market and enjoy the crypto ride. So yes market is going to hit the bull run in 2025.

Its always been good to hear off these kind of news about recognition and possible adoption on next years to come but we know that there's no such thing about exact or concluded investment amount will be

poured by those 30% Canadians.We do know that Bitcoin could be bought up on fractions which means that its not really that precise for us to assume that it would really be going to give a huge impact.

I would rather believe that it could be possible through global adoption in one go but we know that it cant really be happening in a short span of time.
Everything will really be taking time on this one.

Why not they’ll start buying now? After all, the price is still very tempting as it could reach another all time high by 2024. However, surveys are not totally accurate, some would still want to invest and maybe do panic selling once the price drops. For sure, that will be their first reaction but the moment they start losing and making regrets, most likely that time they will also learn their lesson to be more patient and hold their investments for long term.

Seems Canadian waiting with halving moment for purchasing or investing with Bitcoin, not bad with their ideas try investing when Bitcoin will reach to higher price as usual halving moment always give positive impact for Bitcoin can break out to higher price. But seems risk when waiting until 2024 for investing Bitcoin trough almost close time with halving time actually have positive news and Bitcoin will going up, almost lately and seems panic moment later if have invest when Bitcoin at higher price.

Better try to invest nowadays trough still two years later with Bitcoin halving and have lower price right now,
I worry waiting next time on halving   2024 Bitcoin can reach more than 2x price right now, maybe can reach above $40,000 in two years later.

Well in this case it is indeed news that looks pretty good but if I'm not mistaken there were several surveys also at the end of last year or the beginning of the month in 2022 which said almost 50 percent of Americans could buy crypto this year.
In this case, buying does not mean it will be completely Bullish but seeing news like this, it is clear that there will be a bit of confidence in the next year although this is still uncertain because it is still assuming.

Seems coincidence. We all know that the next Bitcoin block halving is expected to happen in the year 2024.
For sure a lot of people now are researching especially past history prices of Bitcoin because even me before, I checked the price of Bitcoin before and after on every block halving event of Bitcoin, there's a price action upward on every months before of bitcoin block halving event.

The OP attached a Cointelegraph link that I read, so it can't be a lie. This will help better because, with the development, more countries might be planning to join it, which is a good reason for BTC holders to be planning to enter the buy position even before 2024, or as early as January of the year to avoid the huge volatility that might greet the halving speculation and optimism.

All I know is that halving is getting more popularity and attention, and will definitely help BTC grow towards $100,000, the actual exent is what I don't know.

Decisions change though and what might happen in 2024 as predicted in 2022 might not actually happen when the time comes because who knows what might happen in this world. COVID and a war happening were few of the examples of how uncertain the future is and how fragile human life is in real. With crisis happening everywhere people are more likely to store in quickly liquid-able assets rather than risky assets that the governments dont like.

Too much thinking in the future only ruins the present moment. Right now, we can buy bitcoin because its price is on the lower side, if not wait and hold for it to rise, dont bank on future options for your current investment.

Good for gesture of keeping hold on to the bitcoin for the future but I would really stick with my instincts and what’s really going on in the crypto market surroundings. This market is uncertain even with such news. They could give us some upper market movement for time being but as soon as people forget such news they start to loose the drift with the time and market resets back to normal or what can I say to bearish trends! But surely this is good news for us, let’s hope the analyst is good at what he analysed and predicted . :-)

This week their was some dump in most of the coin,but this not to close.Most importantly the price of bitcoin at the green market now.Actually their will be next halves in 2024,this Canadian involving and investment towards the crypto currency will boom the market and pump the market to 100k dollars.After some rise in the price of bitcoin to the 65k dollars,their will be continuous pump in the market till the 100k pattern was formed.

Cointelegraph or any other crypto news site can publish fake, inaccurate or unverified information or news, they are just running their business, and sometimes in the process of doing so they may publish the news that will sell the most, or the one that will attract the most attention, even if sometimes the content may be crap. Lucius posted a link earlier in this thread about another similar crap news that was published by Cointelegraph: 61% of Americans may purchase crypto in 2022, a new survey says (https://cointelegraph.com/news/61-of-americans-may-purchase-crypto-in-2022-new-survey-says), there is no way Cointelegraph can accurately know the percentage of Canadians or Americans that are planning to buy crypto in any year, so this news can't be true.

There is always an opportunity for for Bitcoin holders in the market and for those that are true holders are the ones that will benefits much from the market since the price of Bitcoin is down now and is a signal for everyone to keep buying and holding for the big bull market that is coming soon.
Many newbies do not understand the market that is why they keep complaining about the price of Bitcoin falling because they never knew that it is an opportunity and a signal for everyone to keep holding for better profits coming with great rewards.

That would be mostly the scenario for newbies in crypto, trying to buy even at its new ATH and plan to hold longer, but they end up panic selling due to fear that they might lose more when bitcoin price shows more price decline. Although I’m not saying this generally, but we have learned based on our experience that people trying to invest in crypto are dying for profits but were not ready yet to take the risks, that is why they end up panic selling and lose in the end.

The estimated population of Canada is 38,654,738 as at April 1, 2022 which is an increase of  127,978 people (+0.3%) from January 1, 2022. If 30% of the population which is calculated to be 11,596,21 are planning on purchasing crypto by 2024 i doubt if it will have impact on Bitcoin price.

Reasons been that this estimated population aren't planning on purchasing Bitcoin alone but a combination of many crypto currency and many of the shit coin the will plan to buy will certainly dump. If they were planning on buying Bitcoin that population is good enough to cause a massive pump for Bitcoin but with the news details it is not just Bitcoin the Canadians are planning on buying which means no good news at all

If there will be any bull run come 2024 then the halving triggered it and not because of some Canadian interest in purchasing crypto
link (https://www150.statcan.gc.ca/n1/daily-quotidien/220622/dq220622d-eng.htm)

Sometimes newbies come just because they want to get rich quick, but they forget this is a difficult market to analyze. But if they dare to enter the market, of course they have a good mentality and of course they will learn more from the experience, even though they got a bad start.

It's encouraging news and information like this would give that advantage to those that have been thinking that the market will eventually go back. Well, those that have been saying that the price of bitcoin won't rise again and wouldn't follow the cycle.
That's their discouragement to everyone so that that inexperience holders will start to dump their bitcoins and soon, they'll see that those who have said something negative about bitcoin, they'll see them that they're the ones holding then.

Halving and Bullrun are the things we expect at that time. Actually, people are waiting for that time to arrive, yet we still need to face the downsides of the market before it comes and those who could sustain holding their coins will get huge rewards. Well, I could say it was not too late to accumulate Bitcoin, we are still in the bear condition and we can't just simply ignore this chance for a few years from now prices might be doubled or even more. We can just imagine last year and the next Bullrun might be more than that.

It seems that many parties have started to prepare themselves for the future bullish period. I don't know why there are so many negative issues that have been blown up, but more and more investors are buying more Bitcoins. With this, of course, it is more convincing that sometimes, the market is manipulated and deliberately given FUD so that they can buy more.
So, why should we be worrying and also negative thinking about Bitcoin sometimes when the price of bitcoin dropped again? This is a good time to buy more Bitcoin, right?

Yes, it is, but I think it would be even better if the purchase had to use IDLE money, because we would not know the bull run market would arrive. because the world economy is currently in decline so I think  have to be strong to hold bitcoin and don't sell it. That's why when you buy, you have to use idle money, because you are afraid that the bull run market will come, the time is very far away.

Negative issues that continue to be exaggerated will certainly have a purpose for the personal interest of a person or group, even negative issues in the past are brought up again just to enliven the current FUD. Some parties who want to get cheap prices do manipulation strategies on market fundamentals and so they will be prepared and will sell when the bullish period comes. and when the market is bearish as it is now it's the right time to buy bitcoin, and it could even be lower than the current price. Preparing spare money for the next crash is certainly a recommended strategy.

Market sentiment is currently relatively unchanged as last month. market sentiment is at number 24 out of 100 which puts the current status of market sentiment as "Extreme Fear" In 2022 the market sentiment index only reached 60 as the highest level, compared to 2021 which reached the level of 95 in February.
https://i.postimg.cc/mrkkCbZz/fear-greed.jpg
https://alternative.me/crypto/fear-and-greed-index/

it's just data and predictions,
We don't know in 2024 Canadians will actually buy or not, it's just their plan.

and the issue of bitcoin's 4-year cycle is unlikely to be as high as the previous annual cycle,
because I see it seems like a lot of people are selling bitcoin and few are holding back for sale.

I have been saving up and accumulating as much as I could, believing that the next halving would also set a new ATH and I could get a huge profit from it.
But if it doesn't then for me I still consider this as a great investment and I could just wait for it to climb up again.
If the halving wouldn't make it rise up then I am sure that there would be so many reason's in the future for it to set a new record of ATH.

Well, we've seen it with many other stories that they've regretted selling when they're able to keep it while they can. We just have to learn the lesson from them and basically, look at how we can avoid the same experience as them. It's better for us to look forward to the future by holding bitcoin.
We want to earn a lot from holding bitcoin and we all know that it's going to be worthy by having that enough patience and by being calm at all times because, someone might be moved when the price plummets.

We are talking about the next 3 years and nothing is still clear for us during these years, even if the data is correct and the people of Canada start moving on bitcoin for the next 3-4 years we cannot be sure if they won't change their mind until that time, however, this can be a positive signal for people who are looking for a hold signal for long erm but regardless of that of you look the chart of bitcoin in the long term that's bullish and the data from Canada is technically not necessary for the bitcoin holders.

As much as I love to see that come true in Canada, these are just predictions. Nobody knows what exactly would happen in 2024. We’re imagining about the future, but there are no guarantees and promises if that certain event would likely happen.

But what I am really looking forward nowadays is the much-anticipated Bitcoin halving that would happen in 2024. Regardless of the result, no guarantees that the price will go to the moon afterward. Although in the past halving periods that BTC indeed got up to its all-time highs, hype is still we need to make it pump like the other coins and tokens.

Many people, not just Canadians, are eager to invest in Bitcoin before the expected halving in 2024.
But the nature of the cryptocurrency market instills fear in people's minds, particularly those who have yet to fully trust Bitcoin; they believe that Bitcoin will never regain its ATH, whereas those of us who have believed in Bitcoin know that it will go far above its ATH; only time will tell.
This news provides yet another reason to invest in Bitcoin because it demonstrates how willing Canadians are to accept Bitcoin and cryptocurrency.

this is pretty promising but i seriously wouldn't recommend buying any crypto in this bear market phase. from a newbies perspective it might seem like a good idea to purchase since bitcoin and other alt/shitcoins are plummeting in price, but isn't that kind of like catching a falling knife? why would you want your hands to bleed on its way down? instead, why not wait til the next crypto bull market phase and capitalize on gains when the price is ACTUALLY rising and exit safely... doesn't that sound much better? another thing to shine light on is that if u look at bitcoins 1 week price chart, it has been proven over time that it takes 6+ months for the price to break out of the box of consolidation, so trade especially carefully now. no one knows when we break out of a bear market. this is just my opinion though.

It was too general though ... i don't see any guarantee that those 30% of the canadians will surely buy some bitcoin at the mentioned time above. Everyone would love to buy right before the halving as it is the moment where the price could spike really high.

The execution to buy bitcoin are heavier than what those 30% canadians imagined.

Not only in Canada in my country there are also those who said in a survey that in 2023 there will be an increase in the number of investors in their trust in Cryptocurrencies, so indeed we see more opinions during a bear market although some are still afraid of investing in Bitcoin maybe also because of the lack of experience and ability in Bitcoin further, this is not yet fully Cryptocurrency will be more trusted but we need a process to see it.

In that country, it is indeed high in accepting Bitcoin in full and there are even some outlets that already accept Bitcoin as a means of payment, so it is natural for its citizens to ask for more to be increased.

Bearish or bullish depends on how long the market was stagnant on a certain price too. Like for example, currently the price is stable at 19k USD and now people are going to set prices above this as bullish and less or equal to this as bearish. To them 700 USD (the price of 1BTC back in 2015) is something that is not going to happen anytime in the future.

So even if someone was nay-sayer for bitcoin, they might change their attitude in future and this is a welcome move as well. For them there are prices to buy at, just that they need to pay a bit of attention to the charts before picking a price to buy with patience.

Given this kind of development or achievement for bitcoin, it's possible that its very volatile nature won't be apparent to all. This might increase interest from traders or investors looking for a way to do business in this area. Even individuals who need it for everyday transactions will experience less worry of it dumping, after leaving their money in their wallets for a while.

In conclusion, if this forecast comes true in the near future, we may see the age of bull runs occurring every four years coming to an end. Even I will become more assured of its investment, which will increase my enthusiasm in inviting others to invest in it. Bitcoin is the best, so I'm optimistic this will happen.

Bitcoin has gone viral this year  a lot of people have invested and many more are still investing even with zero knowledge about trading or basic knowledge on bitcoin most people who are not experienced in trading are always worried and are likely to sell off their coin due to the price instead of taking advantage of buying more and holding onto the one you have accumulated already once you have made up your mind to go into bitcoin you must be very patient not to sell but to hold, in situations like this the best thing is just learn to manage risk and ask questions if their any challenges as beginners.

Bitcoin went viral last year, while this year the market is pretty stagnant and boring... There isn't new money coming into crypto market and the only thing investors are doing right now is to maintain the price inside the 19,000$ zone and I believe they are doing this to not discourage and decrease the morale of potential investors even more than they are already disturbed by the currently crypto market's bearish conditions.

I don't know how long it is still going to take until the tendency can be reverted, but we need reinforcements faster as posdible, otherwise bitcoin is going to lose more territories (volume) yet.

Buying bitcoin in a bear market is good and it does not fit your description of catching a falling knife, that is the mistake people make of not buying bitcoin when it is cheap, but they start fomo buying when the bull run or pump starts, if newbies want to invest in bitcoin, then the winter period is a great time to do so. Though people should not buy altcoins during crypto winter season, altcoins are mostly not useful except for pump and dump, so if you want to take the risk with them, take it when it starts to pump and sell very fast before it dumps.

People never ever learn and this is why they do really make out some regrets and been whining whenever the market do make out some recovery.This is why its really important that you should really be analyzing on things which it would be sensible for you to get in or accumulate cheap coins when everything is crashing or into their all time low.

Just to mind off and believe that the market cant really be just be moving on bears forever.It might took that long but its impossible that we wont really be able to experience bullish market.
It do really matters on how you do make yourself that wise when everybody is fearful but of course you should always mind off the risk since future is never been certain.

Considering this is just a survey, so it can still be a sort of speculation that may not eventually happen or may happen and turn into reality. However, knowing the market that is very unpredictable, I bet Canadians would somehow fear investing if the market is still very unstable and that bitcoin price still not reaching its significant price. But I just hope that they’ll know eventually that the best entry would be when the market is facing its bearish season, most likely the one we are experiencing now.

This proves that there are more to come in the market and that we should be more patient to wait for it as it will happen gradually when the right time comes. However, we always hear this positive future actions towards the crypto market, but I would advice not to take this seriously as things might eventually change when that time comes. And when the market still shows no progress by that time, and that prices are still in bad position, then I don’t think these Canadians will still insist to enter the market despite of its current flaws.

Yes, patience is one of the keys to investing in Bitcoin.
The media is always reporting good and bad news, lots of FUD being spread, and a lot of hype being raised. However, we ourselves often experience it does not have a significant impact on the market, right?
We often find that the market often does not match our expectations. When the market was expected to rise because of good news, it turned out to be the opposite.

In fact, Bitcoin holders usually buy Bitcoins and leave them in their personal wallets, only checking them out a few years later, especially in the next bullish phase or within a certain period of time. turns out this is more effective and worthy. But unfortunately, not everyone is able to do that, because some also use Bitcoin investment for the short term or only for some time in the first bullish period.

Of course, but 30% means many people in Canada have the intention to invest in crypto in 2024. I think it is a good sign that more people view positively about crypto and they are brave to put their money into crypto investment. Just imagine if 30% of people in each country in the world are engaged with crypto business, I believe crypto adoption will be faster and massively.

They think bullrun will be in 2025, so they only wait for a year if they purchase/buy crypto in 2024. Or if the bullrun happens in 2024, they only hold the crypto for a few months. I guess they don't want to hold crypto for a long time, that's why they are planning to purchase when it is almost achieving the bullrun period.

Interesting- so the price after the new low will adjust and correct itself on the price on the market? I really think that the 2024 halving will significantly increase BTC prices in the market, which is the reason on why majority of the people have been planning on HODLing.

Well, a profit is a profit no matter how huge or small the gain is. What matters is that people grasp the idea of BTC and investing comes as a matter of convenience rather than a necessity to most people. I just hope that before 2024 comes, majority have decided to invest and HODL their coins in order NOT to miss this opportunity.

Assumptions like this are indeed quite good but on the other hand as you said this is only about speculation so we can't really believe that this will turn out to be good because considering this there are still two possibilities.
Worries may happen but this is actually a good thing if you want to start Investing (not trading).
When indeed we have more money then investing from now on is definitely a good thing regardless of how it can still go down or not as long as we are sure of our investment why should we panic because it is clear when the Bulls arrive this will be very good.

If this news will be granted by 2024, then probably it will create a big hype that will greatly affect the price of bitcoin to move upward. However, this is just another speculation, it may or may not happen at all. But I guess the best thing to do right now is never rely on predictions or speculations, DYOR instead so you will know that this is the perfect time to invest while the market is in bearish state, and when bitcoin halving results into reaching its new ATH, then it’s time to reap what we sow and earn huge profits.

You are right mate. With or without research, it’s an initiative for us if we go for crypto investments because we believe it’s huge potentials to succeed, or do the opposite way around and stay unattached to crypto. Because if we have faith in crypto, we won’t rely on the upcoming events that may bring positive effects on the market, but rather take the risk now and start investing. For me, it’s now or never, as we can’t afford anymore to miss the train while there are huge opportunities to own and store bitcoin now.

Enjoyed reading the writing made by the author. Whatever predictions are written from sources I hope can happen. But if we look at a lot of news that it is likely that 2023 is a difficult year due to the state of the global economy and the rise in bank interest rates increases. This gives the world a chance of a major recession. According to the sources I have read at the moment, there have been many Banks that interest-rate increases. Meanwhile, economic growth is moving slowly.
If you think about it logically, If a recession really occurs, will the Halving period of 2024 still make prices increase? The reason is that many investors are afraid to enter crypto, investors choose to keep USD, so there is no large enough flow of money to crypto.

Source: https://www.worldbank.org/en/news/press-release/2022/09/15/risk-of-global-recession-in-2023-rises-amid-simultaneous-rate-hikes

It is true that an assumption like this cannot come true, but there is something positive value that can be seen from the survey conducted, namely increasing people's trust in bitcoin. Things like this will be a positive narrative for people who initially hesitate to invest in bitcoin. With this being the case, people who initially doubted might assume otherwise, namely that their trust in bitcoin is increasing. Don't be too focused on whether the survey results are correct or not, but let's see the positive side of what we are talking about.

Actually for this it only takes time for people who are still not completely convinced to turn into a belief in bitcoin.
This is a natural thing because indeed over time technology has become more sophisticated and now bitcoin is like something that can be accessed anywhere and anytime as long as there is internet there so that the dissemination of information about Crypto will be easier to obtain so that indeed when people do not limit their mindset about bitcoin is something negative then its expansion will happen more and more.

You would really be that negative if you do really make yourself that limited on various sources or making yourself not to engage on whatever things or changes that we do have recently.If you wont really
be that too engaging on things or not really been aware on basic information or ideas then you would definitely be having those negative impression but in overall once you do able to in depth through then
you would definitely be realizing that you've been saying bad things in the past.Opportunity do really comes without you knowing but you arent really that dumb once you do have the experience
and knowledge.You would definitely know on what you would really be doing.

it is logical to understand that the banks are really competing with crypto in order for them to keep alive. Their aggressive movement creates another market impact in terms of volume but I wasn't thinking that investors choose to keep USD and are afraid of crypto. It was just the time for the recession has come and many investors stop investing in Bitcoin as they are waiting for the recovery. This is also what we have seen in the last bear season, huge market demand comes during the bull season, and probably the same scenario we're able to see again.

Global economy is literally the reason why we could go up. Because, if the fiat world is crashing down, it means we could crash down as crypto world too, that has happened in 2022 and that is a good example, but we have also seen fiat world going down and everything else going up at times as well and maybe 2023 will be more like that?

We can't possible know without seeing it first, and that means if the recession really hits, and everyone is unemployed and the world is in a poverty mode all over again just like 2008, then it means we could possibly see people going into bitcoin to save their money, and that could make them a lot more profits than a hurting fiat world.

1.The fact the someone said that he(or she) will do something in the future doesn't necessarily mean that he(or she) will do it. ;D
2.Crypto doesn't necessarily mean Bitcoin. Altcoins/tokens are also crypto. Even NFTs are considered "crypto". I know that many people associate the term "crypto" with Bitcoin, but crypto means lots of other things.
3.If the crypto winters continues and the BTC price drops below 10K USD, will 30% of the Canadians by BTC by 2024? I don't think so.
Don't get me wrong. I still believe in Bitcoin and the 2024-2025 bull market, but I don't believe such surveys and I don't trust people's opinions.

Yes, I strongly agree that bitcoin has a lot of future that’s people may not understand now, but it’s the reality the current situation, which is bull Ron.  after this challenge that bitcoin is passing through the mad step that bitcoin wants to take is a massive high increase, because it’s may look like people out of the markets, some set of people and countries are holding bitcoin refusing to sell probably much activities may not be in the bitcoin market right now but by the beginning of 2023 it will.


I will also say this, Most of the challenges Is impatience people don’t usually have patience, but I will advice from now hood store, and watch listen to the news and see how the market goes.
And what is happening this year may not happen again in the history of bitcoin, because bitcoin has some difference  signs that happens during bull Ron.

Though we don't trust people's opinion but seems great to respect them as well and disreagard those we think it is not usefull.
A lot of people can make there baseless market predictions but I think OP have the reason to say that there is a better opportunity in crypto in future particularly in Bitcoin. Is this really believable? I think yes and we already witness its potential and on how it grow from scratch to something even more valuable than gold. But in the situation you have cited, doubts can be possible for the Canadians and possibly withdraw their plan to invest.

Well, it's a good news if it really happened in 2024. But the thing is, we are not certain if these 30% of canadians were not going to change their minds. Is the article reliable? Because anyone can spread news like this without concrete basis and just an assumption.

Anyhow it's good for Bitcoin as well as for the investors incase it really happened in the future. But we should not rely too much on this and treat it as another good prediction that might come true if it's really accurate.

Another opportunity will come when it's time to hold back, words like that don't apply to everyone, but for some people who have tasted the sweetness of bitcoin must believe in words like that, indeed the principle of investing in bitcoin, we should not completely trust others , we have to have a stand and we have to believe in our own predictions but we also have to respect the opinion of others because not everyone is wrong, there are also people who really care about us, like Satoshi who has given us a very extraordinary opportunity about bitcoin.

People change their minds very often and assume the 30% of Canadians is a correct number with a good survey, we don't know how many of them will actually do as they answered in the survey. It can be higher than 30% or lower than 30% but it's likely more people will change their minds from Do to Don't. However, we can not know how many others say Don't in the survey will change to Do. And 2 years are long enough in cryptocurrency and the market might attract more new people to join within two years.

Predictions are mostly inaccurate no matter they are made baseless or with good assumptions behind. History can be change or can be repeated but I have more belief in historical voice than predictions.

History says halvings are helpful to increase Bitcoin adoption and Bitcoin value in communities as well as Bitcoin price on the market.

The problem comes back to the mindset because if our mindset continues to reject things like this, it will obviously become difficult. Now we can't live just relying on the old ways that are outdated so that when technology becomes more sophisticated then we as consumers and people who think clearly must make this an opportunity no matter what happens because it is as previously discussed when we still persist with the old mindset then we are falling behind and when this happens it is difficult to keep up.

of course it is difficult to predict what will happen to the survey results with reality. I didn't think much of it but it might sound good to know that people are quite enthusiastic about crypto. As you said, people can change quickly from doing to not doing, but we don't know how that will turn out to be because it's still a long time.

It might not be, but it's more likely to be true considering crypto is in such a good period of growth. Without the big problems especially the economy, maybe we can expect more new people in the crypto market.

I think many crypto investors have programed their minds to the belief that there will always be a bull run in every four years, few days back, I was discussing this with a friend who argued that bitcoin hitting $100k and above by 2024, I asked him, how sure he is, his response was that bitcoin is wired(that is coded) to hit a new all time high every four years, I tried to make him come out of such belief but he refused, I left him alone.

In as much as we hope there will be a bull run in 2024, there is a possibility there won't be any too, so I think we should expect the worst while hoping for the best.

1. Having the impression of doing something in the future and doing it is almost mainly through determination and discipline.
2. Crypto is not even Bitcoin, altcoin, or token. Like you said it means a lot of things because it could be cryptography, and it could be cryptocurrency.
3. Due to the awareness and traffic Bitcoin gained in the bullish market, it is hard to say the specific percentage of Canadians that will buy BTC but I expect more than 30% of the population to buy BTC.

Because they don't have a solid understanding of Bitcoin and won't conduct any study, I don't usually find it surprising to see posts of this like. Everyone who is knowledgeable about bitcoin can possibly predict a bull run in 2024.I'm saying this because a lot of people are planning to invest in Bitcoin in 2024 simply because they don't want to miss that fantastic analysis of four years they have missed before. In addition, more people are learning about Bitcoin each and every day, so those of us who believe in Bitcoin can expect a massive increase in price. Always remember that prices increase with demand.




Before even 2024 I believe many countries and companies will have started  accepting Bitcoin and in start investing in it andalso accept it in form of payment. We can see that Bitcoin is becoming more widely known every single day.


 even before 2025 the market price of Bitcoin will more than our expectations by increase in price . Let just keep believing in bitcoin and not to listing to those people who have invested in shitcoin or tokens and they losses their investment and now try to discourage others.

I cam see that is only the old traders and investors that can see the great future Bitcoin has for everyone who are ready to embrace it and adoption without.ind if the market is bear or not. The market always come with different opportunity for everyone to partake in buy sometimes those who do not how tge future will be or the great opportunity the future will bring will always fall aside in the wrong lane following the ignorant ones.
Holding Bitcoin is what we should be doing now than waiting for the market to stay the bull run before we will join the race. The market is big enough to make us rich.

Holding Bitcoin is one of my ultimate target and I can't quite now, when I know fully well that it will make a bull run up to $100k as predicted long before this time, although it still have chances of going below $8k, the moment it enter that price level, we should just bear in mind that it will give some traders new opportunities to bagged more while the ones that enter at early stage, will be at big loss, so the best thing for them is to triggered the sell price and wait for it to hit their choices of entry before bagging it again. The market currently facing bear season and let's just give it time.

With the co-existences of hyper inflation from central banks and the future halvings of Bitcoin, price of Bitcoin will rise more and more. I am sure we will see it at $100,000 and even higher price but when is not what I can know. I don't try to know when it will hit $100,000 because I simply hold my Bitcoin, enjoy my life, without pressure of timing the market. It will be fine for me if $100,000 is reached in 2024 or 2028.

You should not set up your target price and binds it with time. It is good to have your price target because you are clearly at what price you will take profit. However it is bad, very bad if you are timing it because what will happen with your plan if Bitcoin won't reach your favorite price at the right time. Will you have bank call? Liquidation call?

Timing the market is bad in aspect of mentality. It will result in pressure and disappointment which can cause bad reactions from you.

The fact does not change in the sense that we are in 2022. 2024/2025 is way too far for buying or investing in Crypto. That research seems to be lacking or the correspondences seems to be lacking insight into the blockchain and Bitcoin to be precise. How can one say they would not to invest or get serious about an innovation that is currently trending globally and itself is an economy on its own which is booming and has changed lives all round the globe. Such a response coming from such a well placed person sounds funny though or probably,they did not conduct any research.

As the OP has stated, this is truly time to hold Bitcoin in the sense that one needs to nag more as it is currently down as there are indications of a possible bull market approaching soonest. So if anyone deems it alright and you are good to that, you can go for it. I am not a financial advisor not a financial expert so you will have to do your own research properly before going into it.

Yes, this is the best time to hold bitcoin because the price is too low for people to make a huge amount of money. Since the green light is preparing to remain stable in the market show that people will soon experience bull season in the community, which is the best season to sell to earn well from your long term investment.  The price just hit $20k few minutes ago that made many people to believed that bitcoin price will reach $40k before the end of this year 2022.

I do not think that it’s that far off, we are just 2 months away from 2023, which means 2024 is literally 14 months away, so we shouldn't consider it that much further back. By comparison, it was 12 months ago even nearly 13 months ago that we reached the peak 68k price for example. Which shows you that time passes very quickly if you are waiting for something.

I believe that we will also not be staying at 20k all that time, sure we will probably go above 68k in 14+ months, but that doesn't mean that we can't be 30k in 2 months, or 50k in 6 months, those are still increasing prices and still not breaking ATH at the same time, that could happen.

And this too low price that we have was once the highest years ago. If people still don't see that and despite with such news that are coming out, they have to picture it out that the opportunity is already in front of them waiting to get their bite.

Well, another prediction but don't be too invested with those predictions. We don't want the same disappointment that we got last year when majority have expected bitcoin to rise for $100k but didn't do.

Don't be too fomo about the future of bitcoin, you have to be wise to invest regardless of how big the opportunity you have. In fact no one knows about the future and I strongly agree that the results of this study will not guarantee anything in the future. Bullrun is always expected by those who own bitcoin, but the best thing now is how we manage our finances so that investment interest is not disrupted by financial problems during inflation.

Economic conditions will defeat most people's investment interests, it's true. You should not be hungry just because you want to invest, you must also meet your main needs before deciding to invest. Everything should remain stable and unobtrusive, I mean meet your primary needs and then invest. This is a wise choice in my opinion, so again don't be too fomo.

One thing I have realized of is the fact that Bitcoin price is unpredictable and waiting for a certain period or cycle may sometimes be fruitless waiting and the next bull run can happen at any time.
So the best thing to do is to always prepare ahead and hold more Bitcoin because you never can tell when the next market turn will happen.

One the things you can tell about the market is when the price of bitcoin will hit a given amount in a particular time. No one knows if the price of bitcoin will definitely reach  $40k by the end of 2022. For sure the price will definitely go up , it is better to keep hodling till it get to the top without you guessing or predicting the time it will get to a specific amount. We are entering the bull market which is going to be a good benefit for those who are hodling.  The best way to hodl is to do it without expecting when the price will reach in a given time.

Not only to hold but accumulate.  Bitcoin is selling at a discounted price.  The current price of Bitcoin today @$20.5k might increase a year after the next halving.  Isn't that a clear indication that buying Bitcoin today will give us a huge profit?  


Bitcoin price is indeed unpredictable but its cycle is so we an still gets information and signs on when is the best time to buy and sell Bitcoin.

True, I personally experience that kind of mistake. I became hungry with my investment without considering the possibility that I will come to the point of my life that I can't sustain my personal needs because all of my funds were invested. It's a bad financial decision that lead me into force selling the investment I have at lost. It's hard to predict when will bitcoin make it's action to become bullish again. It would always be a smart choice to make your financial status stable first before investing into bitcoin. It is better to be late and earn low profit than losing an investment because of bad financial move like being affected by this survey and make being FOMOed.

As a smart investor you are, you should know what to do at this very season. The right time to buy more is now. When market is down, smart and wise investors fill their bags taking all necessary possible position to go for the future ahead while waiting for the next bull run. Meanwhile traders on daily basis take out profits on their own benefit.  If I may say, the opportunity you are talking should be in the right direction of market bullrun. This i would say,  Bitcoin has been testing resistance and also forming a strong price base for the next bullrun. That I know for sure we will definitely see and this time around, a new all time high would be successfully achieved and recorded. For the new price base, the new all time high will  last for a long time before we experience or encounter any bear market again.
Well your decision is right in front of you to make while it is currently bear market make good use of this opportunity to bag more and wait for the next all time high.

Some do go for long term and some would go for short term.If we do look closely or thoroughly which people who do make shorts are the ones who do make more profits
without the needing for them to hold for long years.If they could able to make money on those price movement or simply with volatility then this is what they are targeting into.
We know that this kind of trading path or method isnt something that simple for someone to take on and this is why lots had been opting on holding and accumulating
for long term instead.Hodl on something which you do believe that it could bring profits into you not only limited on bitcoin but also in altcoins as well.

Another opportunity is not coming, another opportunity is already here. Now is the opportunity to invest in Bitcoin, the opportunity is not when the bull run starts.
The bull run is never an opportunity, it is this mentality that makes newbie to join the market during the bull run thinking that it is the opportunity not knowing that the opportunity has presented itself yes back or months back before the bull run. So now is the opportunity...

It's a good thing for Canadian investors rated to be about 30% of its populace to want in on bitcoin or crypto investments but, what would be wrong is waiting for a bullrun or for the Canadian investors to come into the market before making your investments.

What better time would it be to buy than buying in a bear market. Its the way to make the most of the bullrun when it comes based on the principle of buying low and selling high.

Unfortunately, we never want to see do we! There is always better opportunities ahead in the next bullrun and the next one after that and so, its always hold as much as you can, spending only what needs to be spent of it. Don't wait for a time to buy, procrastination would set in.

I think it is very exaggerated that the price drops to 8000$. look at the chart, the support that is at 18000$ is very strong and the price is being traded on the side, that is, it is being traded between 8000 to 20000$. and it shows no sign of a drop to 8000, on the contrary the price may be accumulating in that 18000 to 20,000 zone for some or a long time until it gains a big momentum and starts to go up a lot, the biggest problem currently that is not making the price go up a lot and the financial crisis because of the war in ukraine, I believe that buying a lot now and being patient and selling in a few years can bring good profits


It is true that this is a good opportunity to buy bitcoin, but people need to be aware that this current price can remain for many years, nothing guarantees that the price will increase much, especially if this war in ukraine goes on for a long time then the financial crisis it will only get worse and the price of bitcoin will also be affected

Sometimes I still thank the participants who handed over their chips in a panic. They animate the changing hands and price fluctuations of the Bitcoin market. The most important thing is that a large part of speculators have left, leaving the seeds of Bitcoin development. Only through this process can Bitcoin grow into a towering tree.

You are right. First of all, the current price has fallen below the price of the last round of bull market, and the risk factor has been greatly reduced. The most important thing is how much BTC you hold.

Even though we can not rely on speculative data to conclude that not all Canadian will have the boldness to publicly show off their Bitcoin addiction and since the whole industry has ridden on the wings of speculation over the years we can not conclude that we will have a bull run in 2024.

Even though the year 2024 is another halving year for Bitcoin and many expect to see a bull run after the halving but we are still uncertain of that we can say that a Bitcoin bull will happen in 2024 even though we greatly expect that.

Even without this research i strongly believe that the bitcoin  bull market is going to be achieved but I Don know how long it will take to get there

With this it has further strengthen my believes and am willing to purchase more bitcoin and invest more on bitcoin added to the little I have already invested.

I pray I should just have the courage to hodl till the market is friendly again..
Bitcoin is forever, see this as an opportunity and grab hold of it

It's good news that 30% of Canadians want to invest in crypto by 2024, why are they waiting until 2024 before they invest in crypto. If they should invest let them invest now than wait till that time.

2024 is the bull season of bitcoin, it's expected that the price of bitcoin will skyrocket. The price impact of 30% of Canadians investing in crypto will be noticed and felt more now, than in 2024 when there will be a price increase in bitcoin

 All time high (ATH) of previous bull run has been broken which is a bad sign for market. The current bear run is not going  is likely to continue from short to medium term. Fear & greed index is at 23 which reflects extreme fear. It may slip down in coming days because crisis created by FTX will continue for sometime before market starts recovering. Despite all negativity, It is an opportunity to accumulate Bitcoin for those who have funds and their faith in Bitcoin is strong.

https://alternative.me/crypto/fear-and-greed-index/

I am a person who believes that Bitcoin's 4 year cycle is no longer used to fix the price. Now people who decide to buy Bitcoin will be very dependent on news and policy only instead of the cycle. That's what causes prices to swing faster or slower than expected.

I think the key takeaway is that the market is confused, but we shouldn't be. Don't overthink anything. Buy the dips and hold. It's better to be involved than not. That's all there is to it.

I agree, 4 years cycle used to be the profit equation, it was easy for holders to multiply their BTC just by holding that amount of time. But that recipe is not longer working. And those who buy at the ATH maybe will have to wait more than 5 years to recover their loss.

I don't think is the time to hold, i think right now is time to buy because bitcoin at $16,000 is a really good price and not sure for how long it will be that low. So, this is an opportunity for those who have the right vision.

Depends still. If the investor himself is in doubt because the money he is about to invest is an emergency fund, then that won't be good to be involved. The idea is understood;, invest an amount you can afford losing. But ofcourse there will be times we will be in need of money and that is when we desire profit despite of the risk. Being involved also means being exposed to risk in this industry. I'd say be involved if you can afford being involved. As simple and bold as it sounds; not requiring them to be. Even big investors are still in a pause right now because they are waiting for the perfect timing or clear sign to do so which I guess won't be today or tomorrow.

Yeah but, the right thing is to hold and buy, I think so. If you have some Bitcoin until today, then holding them is a good option while you buy, if you want. And don't forget not to rush and always adapt to your financial condition.

I can guarantee that the bitcoins in their hands have turned into cash. Few people can actually hold bitcoins and store them in hardware wallets. If they have to say that some people can keep them, then I am sure that they are just It's not bad to hold half the amount of Bitcoin. Everyone has to live. Of course, it is not ruled out that there are still some purchases in the bear market.

The reliability of these articles is not very accurate. Every bear market everyone says this is an opportunity, but too few actually take action. Everyone is always waiting and watching. When the bull market comes, they will only say that it would be nice if they knew it earlier. Life is not so much to know early, plan ahead, and execute it.

We all know that now is an opportunity. Why are there so many people selling Bitcoin, don't they understand this?
Our suggestions don't matter to them, they have their own ideas. They don't want to "waste" their money here, and when the price of Bitcoin gradually increases, they will come back here faster than anyone else.

Not really. You can predict the market movement. It depends on how much you follow the information field and can draw conclusions based on it. If you say that, then you are not studying enough all the news that can affect the state of bitcoin.

Not only the people keep eyeing this year because we know that if the bitcoin halving is coming there's a chance that the price of the bitcoin again drops and wait for another ATH well history repeat itself as always if you check previous charts and makes a technical analysis in the current set up of the bitcoin 2 years ago we face again with the 16k price of the bitcoin and makes a good profit with approx 60k and this thing might happen again after the halving and it's a good opportunity to make accumulate as possible.

Well that 18k was broken just recently, which was looking like a good support I agree but one message one month ago to today could make so much change. I understand many things happened and there was a bad news and binance and FTX deal and all that, but it is just a proof that how something that looks like it won't be broken could be seen as something that is already broken with just a months difference.

This should be a cautionary tale to everyone who looks at the charts and make deductions and think one thing is possible when the other is not because the one you think that won't happen, could very well happen if there is a bad news.

If everyone forgets crypto, yes the bull will come  :D

But now $18K is resistance that looked a little hard to break during the FTX case that rocked the crypto world. Perhaps $18K will be undermined soon as traders' appetite to buy back up, in December or late November seems very likely. I would expect $16K to be very strong support over time from now on even if bitcoin is currently hovering around $16K.

But considering what was the result of the survey above, I'm sure there will be an increase in demand in the market which will gradually make the market recover. $20K is expected in december, and meanwhile we should be pretty optimistic about that.

Really hard to make out some presumptions considering on whats happening in the market as of today.The lowest price is hovering around 15k but we didnt really get low even more which is really good.

Despite of that FTX issue or fud around then we didnt really that able to crash out which is good but still not an assurance that we wont really be going that low, so at least make yourself that prepared.

For those people who do see these times as the best opportunity to buy then its not really that a bad idea.If you could really bare out the risk then its your choice to make.

Those of you who are interested in investing in Bitcoin can invest in Bitcoin.Right now is the best time to invest in Bitcoin. You will regret it if this time passes.We have heard from various experts who have analyzed that Bitcoin will go to a place in 2024-2025 that people never imagined.So I would say those who are interested in investing, keep investing.You may not get this opportunity again later.

True. The current value is cheaper now compared to its previous price hence it's a good time to accumulate. But many investors are hesitant to buy at this time due to FUD and the recent FTX drama that greatly affect the market.

Well, if you want to engage yourself to invest in Bitcoin, we know this is the time to do it. Investors who are seeing the current season as an opportunity probably experienced the ups and down and became used to it and not letting the negative news stop them. Since they know it's normal in crypto, as an speculative asset and high volatile. Anyway, many things can happen before year 2024, so while waiting focus on what you can do now with the current market.

This is just a prediction from the survey data, don't know if they will actually buy. There are always opportunities for Bitcoin holders in the crypto market, and Bitcoin will definitely take a turning point to rebound again and rise again like before.
Now is the time to invest and accumulate Bitcoin, not wait for the bull market to start.

How do you mean, and what do you mean by if everyone forgets crypto the bull will come?
Are you saying a bull run is a result of few individual's participation and having a wider public adoption of bitcoin will limits the possibility of a bull run, what I think is, we should try and look away from the anticipated bull run and focus on Bitcoin adoption for a while, of the article is anything to go by, then 30% of the general public buying Bitcoin is a big number and addition to Bitcoin adoption rate. But then since we can't rely on speculations from the media, we can do nothing but wait to see the reality of things as time progress and we move closer to the speculated time.

Most people's judgment will be changed based on some news. This prediction may or may not be accurate. Buying Bitcoin now is also a relatively early entry. But if you don’t buy it now, two years later, facing the high price of Bitcoin, you will regret the choice you made today. If you choose to buy Bitcoin now, you have to hold it for two years or more. You must first determine whether you will stick to your original intention.

Of course another opportunity is coming ans sooner we are going to get launched into it, a time whereby we will have to sell and make more profits, this bear season is just a period to gather all the required potentials for making the expected profits after gruesome acrued, by then we will understand the releva to why it's good to hold bitcoin, buying it at dip and storing it in the appropriate wallet with your keys in your capacity, if you still have your foins with you then hodl, if you don't then buy and hodl, either of the two just ensure you're holding bitcoin.

   - There is always have an opportunity here in the cryptocurrency, It's just different from the crypto we choose if it can provide profit in the future. But if it is like Bitcoin, Ethereum, Binance, Polygon, Shiba Inu, Sol, and others, it can be possible and good for me to hold it for a long time.

It's just that the important thing is not to be drawn or believe in the Fud that can be read about these cryptos, and to stick to the stance and belief in the coin that we will hold for the long term.

If a holder wants to buy, there are always opportunities, whether in a bear or a green market. Some people treat bear market days like mall sales, buying small amounts of bitcoin just to add to their wallets so that when the price rises, they can profit from the bear market. Though it is easy to say to buy on a dip, it is difficult to predict when to buy, so as most others have said, just buy it anytime, as anytime is a good time to buy bitcoin.

Adoption of bitcoin would be a great reason for it to grow if we would have a lot of it. However, the reality is that most people use bitcoin as something that they would invest as an asset and that means as long as it stays low, there will be more and more people who would buy it as an asset and make some money from it. I am not saying that it is a must, but it has been like that forever.

We go up, a lot of people get rich, they sell and take a profit, it crashes and goes down, a few more bad news happens, it stays low, and then there are some good news, it starts to go back up, and then some more people get in, then some big name companies, a couple good news and suddenly we are in a new ATH price.