Every 4 years, we expect bull market just because of halving. What do you think when is this chain is going to broken? Ie, halving no longer equals that bull market is coming.
You know for your information, only time will tell when it will happen to break. Because no one knows what you will ask for the future. But even so, the split will remain a significant part of Bitcoin's life cycle. And it will definitely have a big impact on the price of bitcoin in the coming future in my opinion. But it's possible that the split won't be enough to trigger the upcoming bull market. There is no one who can tell what will exactly happen every halving. But we can only speculate on this matter. Even long timers and so-called experts can't give you a guarantee on what's to come. There may be positive movements before or after halving, but we can't say for sure if that will happen in every halving. Because the technology is evolving fast and we don't know how long this technology will last. Who knows in the near future, bitcoin will be obsolete, what can we do if that scenario will happen? Agree with you that the future is unpredictable, bitcoin may continue to repeat history or never will. But as bitcoin investors, we should be optimistic and believe in it because if it continues to rise, we will benefit greatly, so don't be pessimistic. But investing means risking your money, we should also have a plan for the worst case scenario. What I mean is that we need to be optimistic and realistic, not too delusional and not too pessimistic. We dont really have that crystal ball to know on what the future would look like.It might happened in the past but doesnt mean that it would happen in the future which we know that everything is really that unpredictable.We've seen halving event did make out some trigger with those golden bull runs that we do have into those specific years on which it is really just that normal that people would be presuming out on this way.This is why if you do have this kind of insights about its potential price in the future then accumulation would really be entirely be depending on you. Its our money then its our full rights on what we should gonna do with our money and we know that in every investment there's always an accompanied risks which is something that very normal to have. Whether there's some halving effect or not but at least we've done our risk taking on investing into something which we know that it does have potential. Honestly, I think things will change, the game is getting too predictable, and if it doesn't change, everyone will get rich, and who will spend the big bucks buying bitcoins when we sell it for 100 thousand dollars? This is a financial market, not a charity, which means there will always be sellers and buyers, and there will always be winners and losers. So when everyone expects $100k worth of bitcoin to be sold, who will be the buyer? Market changes are inevitable. |
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The negative trend seems to be continuing in May, this is seen by the price dropping more than 4% in a week, maybe in May the price is still in the range below $ 30k, but if we want to get big profits then now is a good time to buy because we can get a cheap price.
A price under 30k is good because we have time to accumulate more bitcoins at a lower price. Honestly, I don't expect the market to recover and rally any time soon. If bitcoin goes up in price too fast, we will just spend more money to buy bitcoin, which will not benefit us. Since most have a sell target of $100k in the next bull season, why do people always like it to go up fast? Even if the market recovers this year, the bull market will only come after the halving, the bulls will not come before the halving, so it is a waste to expect the market price to be soon increasing. |
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Every 4 years, we expect bull market just because of halving. What do you think when is this chain is going to broken? Ie, halving no longer equals that bull market is coming.
You know for your information, only time will tell when it will happen to break. Because no one knows what you will ask for the future. But even so, the split will remain a significant part of Bitcoin's life cycle. And it will definitely have a big impact on the price of bitcoin in the coming future in my opinion. But it's possible that the split won't be enough to trigger the upcoming bull market. There is no one who can tell what will exactly happen every halving. But we can only speculate on this matter. Even long timers and so-called experts can't give you a guarantee on what's to come. There may be positive movements before or after halving, but we can't say for sure if that will happen in every halving. Because the technology is evolving fast and we don't know how long this technology will last. Who knows in the near future, bitcoin will be obsolete, what can we do if that scenario will happen? Agree with you that the future is unpredictable, bitcoin may continue to repeat history or never will. But as bitcoin investors, we should be optimistic and believe in it because if it continues to rise, we will benefit greatly, so don't be pessimistic. But investing means risking your money, we should also have a plan for the worst case scenario. What I mean is that we need to be optimistic and realistic, not too delusional and not too pessimistic. |
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I think the market is going to get more wild this month or in other words we can see bigger size sideways market in the coming weeks. On one hand we have the manipulators and the attackers that are directly and indirectly creating chaos in the market. On the other hand we still have the money coming in and buying bitcoin cheap getting ready for the future rallies.
Then on top of all that we have the global economy that is in a chaotic state with the inflation still high and the recession growing at the same time. As I've said many times before, as much as inflation is good for bitcoin price, recession is bad for it.
Apart from all that, we have China, which will allow cryptocurrency (again) in June. This could attract new investment into the market and we could see a new rally. I remember when the crypto ban in China had a negative impact on the price. Hopefully now there will be a positive. If that happens, growth could start as early as the end of May. I missed it, would you happen to have a link for this info? I don't see any recent news that China will allow the reuse of cryptocurrencies. One of the recent reports about China that I know of is that they are still the 2nd largest bitcoin mining center in the world after the US despite the government ban. But there hasn't been any announcement that the Chinese government will accept cryptocurrencies in June, as you said. |
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Investing in bitcoin is of course for everyone and is not measured by age, and of course when it comes to investing in bitcoin, of course there are those who like it and some who don't like it.
Even many young people don't like bitcoin, because they think that investing in bitcoin is very high risk.
so do parents and usually parents prefer to invest in gold. Yes exactly it totally depends on the desire of a person and there is nothing related to the age of a person. But as I have experience so lots of people who are more than 45 age are interested in buying of land and gold because they thing these two ways as a safe and secure so for them bitcoin is a risky investment. People will accept bitcoin completely like gold and a piece of land it the fear of losing in bitcoin is not much higher. Acceptance of bitcoin has no relation with age so everyone can buy bitcoin but I think teenage have more abilities to get knowledge easily so they will take advantage easily through bitcoin if they want to do so. To be fair, bitcoin is indeed a risky investment when comparing gold and real estate, but the higher the risk, the higher the return. Older people tend to be safe and risk averse, so they will choose safe assets like gold and real estate as they have been around for thousands of years and are widely recognized. Young people like us who are willing to take risks for high returns will accept bitcoins rather than safe assets with low returns. Bitcoin is for everyone, but I still find it suitable for younger people. It's too volatile and needs a bit of tech savvy to be able to use it, which will be a bit difficult for the older generation. |
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snip
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For me, luck is like 50/50 so we better not depend on it. Let's say that a hard worker has much bad luck in life, he will continue to live normally or a little below that line compared to a lazy person with strings of bad luck in life.
No one says you depend on or rely on luck for success. First, you need to work and try your best, and if fate gives you the opportunity plus tireless efforts, you will succeed. Luck is just one of many factors that help us succeed, it is not the key to our success. People who get a large amount of money through luck, like winning the lottery, and if they don't work hard, they will also become poor quickly. |
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Preparing for old age is something that must be thought about and must be done. But as you said not everyone can do that successfully. Sometimes what happens is not in accordance with the expectations we want because of things that are not planned.
But that should not make us give up, and try to live life without any purpose. We have to do hard work in order to realize the old age we want. Because we don't only think about ourselves, but of course we will have a small family that must also be happy and we guarantee its welfare.
We need to prepare now so that when we get old there's no need to worry about anything and everything. If you will see it is too early to prepare for things but then life is full of uncertainty. Having a good plan will also benefit those people around us and also our family. We should also need to learn to rest of course, as much as we work now we need to rest as well. It's easy to say but not easy to do, our lives are not only about ourselves but also our families, parents, and children…a lot of things for you to worry about rather than thinking about the future when you're old. You can only save for the future when you have completed the above tasks, and that is not easy for anyone. I believe all adults know it's important to prepare for old age, but how to do that, that's the question. |
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Bank is an establishment known for financial services but what they do these days is way more than that. And the things they do are both legal and illegal, still, they cover up under the guise of the legality that covers the sector.
Mind you, you forgot to add that;
1. They launder money.
2. They broker onshore and offshore deals (both legally and illegally).
3. They steal money from customers' accounts through double and unexplainable charges.
4. They blackmail their customers and steal the money of the faint in heart.
And many more...
There is a lot that will always make me sceptical of banks.
Banking is also a business model and to be profitable in business they need tricks. You can't say they blackmail or steal customers' money. Just like when you sell to someone else, you buy $1 and sell $10, no one is saying you stole the customer's money. Because customers come to you by themselves, and so do all those, who need to use the bank. You voluntarily come and ask to use their services, they do not put a knife to your neck and force you to deposit money in the bank. Bitcoin investors don't like banks, but there's no need to badmouth them too much as we are still using their services daily. How will you enter the market, and invest in bitcoin |
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It depends on what you use the money for. There is no way when we squander our lavish eating habits or spend lavishly on unnecessary things, expecting to earn more money. But if you spend on things like investment and business, you will have the opportunity to get more. But remember that investing can make a lot of profit or will make you lose more, not investing is sure to make a lot of profit. If you want to be rich, saving alone is not enough, you need to make some investments, IMO.
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We are almost halfway through this year, when in March the price could touch $ 30k and make me optimistic that this year the market will rise and be able to make new ATH again, unfortunately there has been a correction for almost 2 months and there is a chance to continue to fall, if in May the price goes down again under $20k then it's very difficult to reach $80k this year.
It is impossible to reach a new ATH a year before halving. It usually happens one year after halving. If these four-year cycles are not broken, the new ATH and 80k can be in 2025. The main thing about this year is not to hit a new bottom, because it has been rising for four months in a row, which is a lot and now it might start falling rather than correcting. Even ignoring history, halving... I don't believe Bitcoin can hit ATH this year. Just by looking at the world economic situation, we can see the difficulties we face. All financial markets are in the doldrums, so there is no way bitcoin can recover and hit new ATHs. Bitcoin is also part of the world economy, and it also depends entirely on the health of the economy, only when the economy starts to recover can a new bull run be expected. |
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Why are you panicking with these small drops? Aren’t you aware what are Bitcoins capable of? Bitcoins have risen from nothing to a valuable asset. If you still question on Bitcoin’s capabilities, then you don’t have the rights to be a Bitcoin investor. I mean took this downtrend as an opportunity, and try to buy as many coins as you can now. Hold the coins, till the demand among the members to buy Bitcoins increases, and hence sell the coins and make profits. Easy as that.
Not everyone in the market has as much knowledge as you, so there is no need to be too strict with them. Sometimes they're newbies who haven't been through the bear season yet, so it's normal for them to panic. But as you said, relax and have fun every time the market drops because that's our chance, not something bad is happening. That is the difference between a successful investor and a failed investor. I mean, the people who make the most profits mostly keep quiet and focus on buying every time the price drops rather than panicking and whining all over the place. |
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......
maybe because everyone wants it to drop more so that they can buy cheaper.
I'm one of them, I'm waiting for bitcoin to drop more to buy. Honestly, I'm not happy to see bitcoin go up in price so quickly and cross the $30k mark, like many here. I am a long term holder, I prefer a prolonged bear market to a bull market, then I have plenty of time to accumulate bitcoins cheaply. I believe that, sooner or later, the bulls will come, no one can stop them, so we don't need to wait every day but focus on accumulating. |
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I am also from 3rd world, with 1 million dollars, I can do charity and live a life without work for the rest of my life. If I have a million, I don't really need to invest in bitcoin, if I use it, I will only use it for the purpose of protecting my privacy rather than thinking of profit.
Of course, real estate is the thing that I will buy the most because it is safe and always increases in price over time, the demand for housing never ends.
Well unless you're really at the older age where you literally don't have to work for a single penny then sure do it for the charity, but in younger age? Considering that inflation almost screws everyone these days, the million dollars might not last for even a year or two if you just purely spend it even just for your own needs in basic sense. I would consider building the next software company for that if I just have the means to do so.  I don't know your country's spending, but in my country, $200-300 is the average spend for a family to have a basic life. Furthermore, inflation is not the same across countries. I live in the countryside, and most people don't care about inflation, let alone upset people. I also admit the cost here has increased, but it is very small, and people don't mind too much. |
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Sometimes bitcoin is maybe in trouble a lot of bad and good news with regards to crypto currency change the volume of investors that wanted to buy and hold btc. That is why we will always saw ups and down market trend but it is normal in the eye of the expert, they earn from the mistake of others they always buy the dip and wait for the bull season to dump with profit think of it
Market conditions will always go up and down, and we, as bitcoin investors, must be prepared for all situations and conditions. We can use the downward moment by buying bitcoins and the upward moment by selling (if we want to sell at that time). If not, we can keep holding it until the bull run comes so that our profit will increase. Good and bad news will always come and go, making many people worry about the declining bitcoin price. But it's not necessary because if we have strong hands to hold bitcoin in times of decline, we won't worry because, in the end, the price of bitcoin will surely rise again. The market will always fluctuate, we cannot expect the market to go up forever or fear the market to go down forever, that never happens. As long as we always have a plan for both scenarios, we don't really mind when the market goes up or down. As a long term holder, I expect bitcoin to fall more than to rise because falling prices will help me buy bitcoins cheaply, so there is no reason to fear seeing the market down. To get the best profit, we need to buy low and sell high, so a bear market is a good thing. |
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money is an evolution of the previous way of exchanging goods. well you could say it also has value in it even though at first money was just paper. but it became a high value when the state decided to use money as a medium of exchange for goods before using the barter system to exchange goods. The existence of paper money also makes wealth and poverty a consideration that can be mentioned when they can show how much and how little money they have.
I can't accept money in form of fiat as a store of value or a profitable asset because alot of factors are waiting to degrades it value down along the line whereby what a thousand dollars can buy may not be able to afford buying it anymore except you added to it, inflation is one of the major player i will this kind of occurrence, but the digital technology has advanced the financial monetary system with cryptocurrency and one can invest in bitcoin and make good return from it over time without being affected by inflation or economy instabilities. Money was once a store of value, but it is no longer relevant because inflation kills it daily. Instead, we have alternatives like bitcoin, gold or other metals because these assets will increase in value over time instead of decreasing like money. But nothing is perfect, bitcoin investment can help us fight inflation but also make us poorer because bitcoin is a volatile asset, and its future is uncertain. If talking the best place to store value today is still gold and real estate. |
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The power of money is undeniable, it can't buy happiness, it can't buy health, but it can maintain those things for you.
Very right. Money is good because to a far extent it can help you achieve many things that will bring you happiness including good health. If you have bad health, you can help you solve some bills to get you better and moreover if you have some health defects , that doesn't make you happy, you can go under the knives to correct such only if you have money. Yes the things money can do are numerous and so lack of it put many factors in discordant. To put it more bluntly, I would say that money buys it all. When we have a lot of money, we can buy everything, including happiness and health. It can be said that money is considered the most precious thing in this world, it is more than the love between husband and wife, more than brotherhood. Because of money, we have seen many cases of brothers killing each other to fight for property. It's really a sad thing that's happening to our world. That's the truth, and we can only close our eyes, not change it. |
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Of course it depends on the income we get, if I earn $ 1 million per year then I will invest around 10% for bitcoin, I think crypto investment has good prospects in the future so that it makes me always leave about 5% of my monthly salary to buy bitcoin or altcoins.
If you can earn 1 million dollars/year, then I think you don't need to invest more in bitcoin because, with that income, you also became a millionaire in just a few years of working. Investing in bitcoin only puts more stress on you because of its volatility. People are investing in bitcoin or crypto because everyone wants to make 1 million dollars, and I believe when people earn that money, they will also find other things to do business than keep investing in bitcoin. Like the old members of this forum, many people left it when they became rich. That's true, in fact, I can go as far as say that if I had 1 million dollars, not 1 million per year, I mean 1 million dollars total in my bank account. I do not need to keep investing it, thats an amount in my nation where you would have to work about 1000+ months to make that money, give or take 1200 months lets say, thats 100 years. As you can see, if I can make that in 100 years, then I can spend that in 100 years, as in I would not be able to spend it in my life. Hence, there is really no reason to feel anything about any extra money. You want to leave some wealth to your kids? Try to buy a big piece of land with that money, which you can, and build something on top of it, and just rent it out. That's enough money to not only enough for you lifetime, but leaving your kid something they can never have to work again as well. I am also from 3rd world, with 1 million dollars, I can do charity and live a life without work for the rest of my life. If I have a million, I don't really need to invest in bitcoin, if I use it, I will only use it for the purpose of protecting my privacy rather than thinking of profit. Of course, real estate is the thing that I will buy the most because it is safe and always increases in price over time, the demand for housing never ends. |
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Of course it depends on the income we get, if I earn $ 1 million per year then I will invest around 10% for bitcoin, I think crypto investment has good prospects in the future so that it makes me always leave about 5% of my monthly salary to buy bitcoin or altcoins.
If you can earn 1 million dollars/year, then I think you don't need to invest more in bitcoin because, with that income, you also became a millionaire in just a few years of working. Investing in bitcoin only puts more stress on you because of its volatility. People are investing in bitcoin or crypto because everyone wants to make 1 million dollars, and I believe when people earn that money, they will also find other things to do business than keep investing in bitcoin. Like the old members of this forum, many people left it when they became rich. |
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In addition to the 5 useful ways to deal with inflation that you shared at the beginning of the topic, I want to add a few more points that are no less important than what you mentioned above.
1. Manage expenses wisely.
Inflation requires people to have more income than before, but the arrival of inflation is not necessarily accompanied by an increase in income. Cut expenses that are not too important such as entertainment or spending money on something that is not really needed.
2. Buying Gold.
Buying gold is one way to deal with inflation, buying gold is perfect for people who want to invest more flexibly. Besides that, buying gold has almost no risk because the price tends to be stable, gold is not easily eroded by inflation and the price can increase even though it is not too significant.
1. Cutting down on unimportant expenses is the right thing to do, but we should find more sources of income that would be better. Because if inflation continues to increase, then cutting costs will not be enough for us to deal with inflation. Meanwhile, if we have more income, we will have less trouble if inflation continues to increase and spending is more comfortable. 2. Gold is a good option to deal with inflation, but what about bitcoin? It is also considered a more effective hedge against inflation than gold because it has a better growth rate than gold as well as a much more limited supply than gold. |
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The terms "bull market" and "bear market" are commonly used in financial markets to describe the general direction of prices. A bull market refers to a period of rising prices, while a bear market refers to a period of falling prices. These terms are often used in reference to stocks, but they can apply to other assets like bonds, commodities, and cryptocurrencies as well.
And by understanding how this bull and bear market could give people opportunities to enter and leave the market. Taking advantage of the situation of the market is a good move that investor/trader could do. Sometimes it might be held for a long time that people couldn't even ride the pump or dump since crypto is still volatile. For these basic question types, we will easily find them on the internet through a google search. I find it quite time consuming to ask this question on the forum and wait for people to reply. I suggest OP or newbies should google search before asking questions because it can be said that Google can help us find most of the basics of any field. |
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