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Author Topic: Will Bitcoin Always Be in an Uptrend?  (Read 740 times)
atookz
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June 09, 2024, 04:57:39 PM
 #81

Just like any other financial asset, there is no guarantee that bitcoin will always be on an uptrend. Although I am sure that bitcoin will continue to grow and its value will always increase, bitcoin is still an asset that has high market fluctuations. Many factors can affect the price of bitcoin, although it has long-term strength but its stability also needs to be considered. There are times when bitcoin goes up and there are times when bitcoin goes down, so you have to be more careful in using it.

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June 17, 2024, 06:06:10 PM
 #82

true, and this even happened when the halving started. according to my observations in recent times the price of bitcoin has been stable between $65k-$70k, and no one knows when this situation will end. After this situation ends there are two possibilities that will occur, namely the first possibility is bullish and the second possibility is bearish. Therefore for now don't be careless in selling or buying.

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June 17, 2024, 08:16:42 PM
 #83

true, and this even happened when the halving started. according to my observations in recent times the price of bitcoin has been stable between $65k-$70k, and no one knows when this situation will end. After this situation ends there are two possibilities that will occur, namely the first possibility is bullish and the second possibility is bearish. Therefore for now don't be careless in selling or buying.
Some predictions say bitcoin is very likely to break $100k by the end of 2024, so what's the point of selling now?
If you are a long-term investor, what you need to do now is accumulate. Current market conditions tend to give you the opportunity to buy more, but make sure you have a backup plan if the market falls further.

Buying more and often is now recommended rather than selling, but of course don't do it all greedily. You should have a good investment strategy while considering a backup plan, this is good for expecting returns in the long run.

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June 18, 2024, 06:00:22 AM
 #84

Well it does feel to me like price of Bitcoin is going sideways right now. We are at this price that is below 70k for some time now.
Binance CEO Richard Teng is 'bullish' for price of Bitcoin. He does think we will break out from the 60k and see gains of higher than 80k.
https://dailyhodl.com/2024/06/17/much-higher-than-80000-binance-ceo-reveals-bull-market-predictions-says-2025-to-be-even-better-for-crypto/

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June 18, 2024, 06:36:58 AM
 #85

No one can guarantee that the price of Bitcoin will always be in an upward trend. However, at least throughout this year the potential for Bitcoin to be in an upward trend is very large because the market is in a bullish phase.

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June 18, 2024, 03:29:30 PM
 #86

Well it does feel to me like price of Bitcoin is going sideways right now. We are at this price that is below 70k for some time now.
Binance CEO Richard Teng is 'bullish' for price of Bitcoin. He does think we will break out from the 60k and see gains of higher than 80k.
https://dailyhodl.com/2024/06/17/much-higher-than-80000-binance-ceo-reveals-bull-market-predictions-says-2025-to-be-even-better-for-crypto/
Despite the prediction concluded by the CEO of Binance, I think in the near future the price will still find it difficult to find $70k as its strongest support. Sideway may still last until the end of June and the price will be below $70k. I'm not against bullish predictions in the near future, but it's hard to get bitcoin prices above $70k when market sentiment still negative.

No one can guarantee that the price of Bitcoin will always be in an upward trend. However, at least throughout this year the potential for Bitcoin to be in an upward trend is very large because the market is in a bullish phase.
I can't say the upward trend is still ongoing now when the price is below the ATH. There are many bullish predictions regarding the current price of bitcoin, but in reality the price has shown a sideway trend. An upward trend can still be expected this year even though we never know what will happen, but still think positive and hold.

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June 18, 2024, 03:48:49 PM
 #87

It is unlikely that Bitcoin will always be in an upward trend. More precisely, the word “always” is so big that we cannot even imagine how Bitcoin will behave, for example, in 50 years. Can anyone imagine this? In addition, it is obvious to me that the technology that underlies Bitcoin will sooner or later become obsolete. Even now we can already see this. Transaction fees are gradually increasing and native Bitcoin is no longer used by such a large number of people. Most likely, all users will use some kind of surrogate form of Bitcoin. Perhaps these will be lightning payments, perhaps these will be side-bitcoins like Liquid or Sovryn.

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June 19, 2024, 06:26:43 PM
 #88

Long term? I do believe so. The real problem is that during period like these, when price isn't at the peak, people react too badly and that should not be the case if you ask me. People should realize that it is not that easy to handle and we should probably see it change a bit. I am not saying that we are going to end up with a high price right away, but it's never smart to sell.

Even if the price drops, buy more instead of selling so that you would do better, it would definitely help you a lot. I personally try to get as much as I can whenever I can, these days I can't get much, but for the past few years whenever I had some money, I bought some and I have profited from it as well. So, smart thing would be looking at long term.

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Today at 03:22:05 AM
 #89

Just like any other financial asset, there is no guarantee that bitcoin will always be on an uptrend. Although I am sure that bitcoin will continue to grow and its value will always increase, bitcoin is still an asset that has high market fluctuations. Many factors can affect the price of bitcoin, although it has long-term strength but its stability also needs to be considered. There are times when bitcoin goes up and there are times when bitcoin goes down, so you have to be more careful in using it.
You are right, Bitcoin is the same as other assets in that there will always be price corrections that occur and we have to really understand it well so that when we decide to invest because without understanding it well, when a price correction occurs it will certainly cause panic, but if we If we have understood it well then we will not sell at a loss when the price of Bitcoin decreases, in investing of course we have to be careful in what we do and never invest with borrowed money because no one can guarantee that the price of Bitcoin will always be in a trend go on.

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Today at 08:39:37 AM
 #90

Well it does feel to me like price of Bitcoin is going sideways right now. We are at this price that is below 70k for some time now.
Binance CEO Richard Teng is 'bullish' for price of Bitcoin. He does think we will break out from the 60k and see gains of higher than 80k.
https://dailyhodl.com/2024/06/17/much-higher-than-80000-binance-ceo-reveals-bull-market-predictions-says-2025-to-be-even-better-for-crypto/

This is why having a CEO that is bullish towards Bitcoin makes more sense when your business is focused on cryptocurrency. The previous CEO will always make statement that will give hope to the minds of traders because he love the market and the current CEO, making statement like this is very bullish too. He is trying to make news of him saying this to spread and it can give the market some uplift and I believe his prediction, I think the market is ready for another leg up and after the dip we could see the market rising up and it can pass $80,000. I do not understand why the market is falling this much as we are already out of the bear market but I see the opportunity to buy more Bitcoin and I will not be missing it.

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Today at 12:27:23 PM
 #91

Long term? I do believe so. The real problem is that during period like these, when price isn't at the peak, people react too badly and that should not be the case if you ask me. People should realize that it is not that easy to handle and we should probably see it change a bit. I am not saying that we are going to end up with a high price right away, but it's never smart to sell.

You can't blame them, it's just normal reaction for investors and they might be newbies to be on the negative and thinking of not putting money because they are afraid of what they see on the market. On the contrary, experience and smart investors, knows a thing or two and they will take advantage of the prevailing market conditions and then be on the lookout to buy cheap BTC. It's no secret that this is the best strategy, for average investors and then for big whales. So there's nothing to be afraid of if the prices is taking a nose dive. You just have to react and go with the flow.

Even if the price drops, buy more instead of selling so that you would do better, it would definitely help you a lot. I personally try to get as much as I can whenever I can, these days I can't get much, but for the past few years whenever I had some money, I bought some and I have profited from it as well. So, smart thing would be looking at long term.

And that's what I'm trying to say, DCA is our friend or maybe if you just have a big money, then buy in bulk and hold for long term. Of course I have been holding for years as well and have paper profit. But I'm looking for long term, 2025 for me is the best time to sell, I just have to time the market or at least when the price is above $100k, sure fire big profits not just for me, but for everyone who might have been holding longer than me.

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Today at 02:22:24 PM
 #92

Well it does feel to me like price of Bitcoin is going sideways right now. We are at this price that is below 70k for some time now.
Binance CEO Richard Teng is 'bullish' for price of Bitcoin. He does think we will break out from the 60k and see gains of higher than 80k.
https://dailyhodl.com/2024/06/17/much-higher-than-80000-binance-ceo-reveals-bull-market-predictions-says-2025-to-be-even-better-for-crypto/

...., I think the market is ready for another leg up and after the dip we could see the market rising up and it can pass $80,000. I do not understand why the market is falling this much as we are already out of the bear market but I see the opportunity to buy more Bitcoin and I will not be missing it.

In a bear market there will always be rallies and similarly, in a bull market there will always be significant corrections. You can't expect that when we enter a bull market that the market just goes up vertically and everyone benefits.  To me, these corrections are necessary and a good thing, we will eliminate the weak hands and the price reduction is for the market to gain momentum to prepare for a stronger increase. You should remember that great rewards are only given to the most deserving people.

By the way, this is just one of many corrections in the bull market, you should not be surprised or panic if we face other corrections in the future before the bull season reaches its peak.

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Today at 03:24:37 PM
 #93

Bitcoin will always be in an uptrend, that's why work hard, save as much as you can and buy Bitcoin using DCA strategy. Many people need to handle the stress in their jobs and worrying if their investment will success or not, but if you invest in Bitcoin, you don't have to stress anymore since you're believing in long term.

Companies can bankrupt which make the stock price worthless, precious metal is not a way to make money, real estate require a lot money, while Bitcoin don't require a lot money and can give higher return.

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Today at 05:17:37 PM
 #94

Well it does feel to me like price of Bitcoin is going sideways right now. We are at this price that is below 70k for some time now.
Binance CEO Richard Teng is 'bullish' for price of Bitcoin. He does think we will break out from the 60k and see gains of higher than 80k.
https://dailyhodl.com/2024/06/17/much-higher-than-80000-binance-ceo-reveals-bull-market-predictions-says-2025-to-be-even-better-for-crypto/

This is why having a CEO that is bullish towards Bitcoin makes more sense when your business is focused on cryptocurrency. The previous CEO will always make statement that will give hope to the minds of traders because he love the market and the current CEO, making statement like this is very bullish too. He is trying to make news of him saying this to spread and it can give the market some uplift and I believe his prediction, I think the market is ready for another leg up and after the dip we could see the market rising up and it can pass $80,000. I do not understand why the market is falling this much as we are already out of the bear market but I see the opportunity to buy more Bitcoin and I will not be missing it.

And if observed from bitcoin investors they will see when the decline occurs say as something bullish not just to convince the holders or traders but indeed people who understand bitcoin when seeing the decline is a momentum to buy again and again.

So it is indirectly bullish to buy when the decline, that's what I can get from investors who say bullish when the decline, which means bullish to buy.

But sometimes people are misguided, saying that so that they become liquidation material for others because they buy during a decline, it is actually the right time to buy.

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Today at 08:32:33 PM
 #95

Well it does feel to me like price of Bitcoin is going sideways right now. We are at this price that is below 70k for some time now.
Binance CEO Richard Teng is 'bullish' for price of Bitcoin. He does think we will break out from the 60k and see gains of higher than 80k.
https://dailyhodl.com/2024/06/17/much-higher-than-80000-binance-ceo-reveals-bull-market-predictions-says-2025-to-be-even-better-for-crypto/

This is why having a CEO that is bullish towards Bitcoin makes more sense when your business is focused on cryptocurrency. The previous CEO will always make statement that will give hope to the minds of traders because he love the market and the current CEO, making statement like this is very bullish too. He is trying to make news of him saying this to spread and it can give the market some uplift and I believe his prediction, I think the market is ready for another leg up and after the dip we could see the market rising up and it can pass $80,000. I do not understand why the market is falling this much as we are already out of the bear market but I see the opportunity to buy more Bitcoin and I will not be missing it.

And if observed from bitcoin investors they will see when the decline occurs say as something bullish not just to convince the holders or traders but indeed people who understand bitcoin when seeing the decline is a momentum to buy again and again.

So it is indirectly bullish to buy when the decline, that's what I can get from investors who say bullish when the decline, which means bullish to buy.

But sometimes people are misguided, saying that so that they become liquidation material for others because they buy during a decline, it is actually the right time to buy.
Experienced people would really be having that kind of approach on which they would really be that optimistic into their bags on which it would really be just that a normal approach to have.
Telling people that they should be buying now which it isnt wrong because they've been here on this crypto space for long then they do already have the idea about the movement.
Somehow we cant really just that anytime believe on what they are saying but rather we should really be still applying our own analysis based up with our experience but somewhat
it wont really be that bad on reading up others experiences and suggestions too but when it comes on making up decisions then you should really be that sensible on whats
that realistic and whats that delusional. You would really be able to find for yourself on which one is viable and ideal.

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