Bitcoin is bullish longterm

[Lorokan]

I have a feeling that people buying bitcoin just because of the halving are going to be a little disappointed.

The market has a way of doing the entire opposite of what majority expects and this is because we refuse to answer of what happens when everyone buys the bottom.

I don't know why alot of people seem to worry so much about bitcoin investment, either the halving happens today or tomorrow, bitcoin is bullish on the longterm.

Do your own research and expect tge market to change its game.

[Findingnemo]

Even before the halving the prices went up too much compared to the recent fall so the chances are less for people to get disappointed who invested in 2020.No one can expect instant returns but in late 2020 or in 2021 there will be some price range shift which will give returns to the holders.

[cabron]

Disappointments are always there. I'm also thinking that prices will also drop after halving and then panic will happen and a gradual increase every week will resume. Just my speculation, it will drop to $6-7k again. I can say that the rise of BTC today could just be a bull trap.

[SpanishSoldier]

Just do not try to time the market. HODL strong.

[monineklutak]

Disappointments are always there. I'm also thinking that prices will also drop after halving and then panic will happen and a gradual increase every week will resume. Just my speculation, it will drop to $6-7k again. I can say that the rise of BTC today could just be a bull trap.

you mean the price of $ 9000 is a PUMP trap ?, then what about 4 days ago, what I saw was a Bitcoin price of $ 9400 then dropped to $ 8500, and now it goes up to $ 9400 again Are you sure you want to say a trap?

[cafetools]

Month to month these little price fluctutions dont matter at all!

We have a growing population, and economy, with a fixed supply of Bitcoin in 10 years BTC price will easily be 500k+

[Slow death]

I have a feeling that people buying bitcoin just because of the halving are going to be a little disappointed.

I believe that you are looking at things a little wrong, until a few weeks ago the price of bitcoin was less than  $6000 and currently the price is at $9200, which means that for people who bought when the price was less than $ 6000 is already making a good profit. Of course, for people who are buying in the  $9200 they will have little profit and if they don’t sell at the right time they will certainly have losses

The market has a way of doing the entire opposite of what majority expects and this is because we refuse to answer of what happens when everyone buys the bottom.

I start to agree with the idea that there are whales that manipulate the price

I don't know why alot of people seem to worry so much about bitcoin investment, either the halving happens today or tomorrow, bitcoin is bullish on the longterm.

people have reason to worry, we have seen price reach $18000 and drop to $3000 and stay in this area for a long time.

Do your own research and expect tge market to change its game.

agree that people should do their own research

[Baofeng]

I have a feeling that people buying bitcoin just because of the halving are going to be a little disappointed.

The market has a way of doing the entire opposite of what majority expects and this is because we refuse to answer of what happens when everyone buys the bottom.

That's bitcoin market for you, when you think that the price will go on a parabolic rise, it will go on the opposite direction, nothing surprises me at all. I have seen this kind of movement before. So you either swim with them, or die along the way if you go against the current.

I don't know why alot of people seem to worry so much about bitcoin investment, either the halving happens today or tomorrow, bitcoin is bullish on the longterm.

Do your own research and expect tge market to change its game.

They are worried because it is money they playing with. Greed, someone's desire to make more money in the market is short amount of time. Majority here are irrational and doesn't think of bitcoin in the long term. Yes, I agree with DYOR, very important, not just in bitcoin but in every market as well.

[STT]

Month to month these little price fluctutions dont matter at all!

We have a growing population, and economy, with a fixed supply of Bitcoin in 10 years BTC price will easily be 500k+

I roughly agree but demand is not a given and there is always competition in every capitalist system.   The central bank system does have the advantage of being able to force prices, fix rates and with the might of law and order to back every decision they make.   Bitcoin relies on natural demand, mostly imo from the people who fall between the gaps in these big central reserve banking type operations.
   In the end I think natural market beats force and fixed but its a long road and with much uncertainty, Bitcoin will be tested many times going forward.


Certainly its bullish short term also, above very short term measures and ongoing weekly momentum.  Medium term like 50 and 200 day seem to have no opposition and are trending upwards also.



Next target above is 9500 or higher

[Oasisman]

Disappointments are always there. I'm also thinking that prices will also drop after halving and then panic will happen and a gradual increase every week will resume. Just my speculation, it will drop to $6-7k again. I can say that the rise of BTC today could just be a bull trap.

No, there's no bull trap. Bitcoin has been bouncing back and forth from $8,000 level to $9,000 level. Bull trap is a sudden rise as well as sudden fall. The current movements shows strong support of the block halving. People are becoming more optimistic about the halving effect, thus buying volume becomes higher gradually.
There might be another dip, but it doesn't mean it's a bull trap, because that's normally how Bitcoin reacts based on the past post-halving.

[mahilchii]

The real test of BTC will be only after the Halving period as far as I concern the value will drop after the Halving, also there will be lot of them selling their coins. The entire globe is in real trouble as this pandemic saga is still in progress.

It's time to think and invest according to the situation because the market can go any way either pump or dump so be careful..

[Twinkledoe]

Disappointments are always there. I'm also thinking that prices will also drop after halving and then panic will happen and a gradual increase every week will resume. Just my speculation, it will drop to $6-7k again. I can say that the rise of BTC today could just be a bull trap.

No, there's no bull trap. Bitcoin has been bouncing back and forth from $8,000 level to $9,000 level. Bull trap is a sudden rise as well as sudden fall. The current movements shows strong support of the block halving. People are becoming more optimistic about the halving effect, thus buying volume becomes higher gradually.
There might be another dip, but it doesn't mean it's a bull trap, because that's normally how Bitcoin reacts based on the past post-halving.

There's no sudden rise to achieve this 9k level. Been working for months to achieve again this level from when the pandemic started, so I assume also that there's no bull trap here. Before the pandemic, we reached more than 10k already, and because of this upcoming halving, people are optimistic with this btc event, and so we are again working to reach this level. Though we may not see a new ATH, at least btc showed good performance in spite of the pandemic experienced around the globe.

[harizen]

I have a feeling that people buying bitcoin just because of the halving are going to be a little disappointed.

The market has a way of doing the entire opposite of what majority expects and this is because we refuse to answer of what happens when everyone buys the bottom.

I don't know why alot of people seem to worry so much about bitcoin investment, either the halving happens today or tomorrow, bitcoin is bullish on the longterm.

Do your own research and expect tge market to change its game.

There are people who buy bitcoin depend on their purpose, either for long-term or short-term or just expecting a quick profit because of the halving. Nothing wrong though as that's their money after all. Even giving them a suggestion to always DYOR, still, they will follow what's on their mind.

For me, just allow these people to do what they want or just literally don't mind them. In the case of disappointment, surely they will learn and will begin thinking if they will push their idea of getting involved in the bitcoin market. That's part of the experience. They will never learn if they will not experience the bad result of not studying how the bitcoin market behaves in the long-run.

[Febo]

I have a feeling that people buying bitcoin just because of the halving are going to be a little disappointed.

Most people buying Bitcoin fro short term are usually disappointed. In many cases they even lose money. Bitcoin is not meant for trading. It is price is to easy to manipulate and small traders can get a price halving very easily. Some learn by that some dont.

[danherbias07]

Maybe it could be the one reason for them to stay.
If they will gain nothing then waiting for a pump is the option.

While waiting, they could find this forum and maybe, even for just a little hope they will find light into what bitcoin really is.

Yes, it may become a slow pump which is better than a shocking jump.

[Smitty Werben Man Jensen]

the long term is very good for Bitcoin, but remember it doesn't start at current prices, we will see a big correction if we fail to break resistance, maybe at $ 6000- $ 7000, after that the real Bullish will come

[YOSHIE]

Actually if you understand the truth about trading against Bitcoin, when will it happen (halving) is not the one thing that has to be waited on and fantasized about, which hasn't happened yet.

I mean this, if you understand that daily trading is actually quite a profit for you, for example, you buy bitcoin today for $ 8500 and sell when prices rise to $ 8900 and so on, spin one day or two days you already get a profit of $ 400 in one or two days, that's if you understand short-term trading.

The point is you have to understand and have to be able to analyze the Bitcoin graph when it goes up and down, I think this is good enough to do, to wait for Bitcoin to experience (halving) when the time comes.

[batang_bitcoin]

bitcoin is bullish on the longterm.

They will never take opportunity and understand these words from you op. For the folks that don't believe in bitcoin, they have their doubts on it that's why they are focusing to get a chunk for short term and will not recognize that there's a better result for longer term. It's now time for them to learn from the mistake of others during the early times, we can apply that to ourselves and that's what I'm doing. If they can reconsider that, they have to do it before they will start recognizing that bitcoin is too expensive for them to avail it in the future.

[ethereumhunter]

People are worry to invest in bitcoin because they don't want to get the same thing in the last few years. I think even if people know about the bitcoin will be bullish in the long term, they still afraid to buy bitcoin right now, and they prefer to wait for another correction.

And now, with bitcoin almost reach $10k, that can give hope for people who already bought bitcoin because that means, they can make a profit for a while so they can try to wait for another higher price.

[buwaytress]

I have a feeling that people buying bitcoin just because of the halving are going to be a little disappointed.

The market has a way of doing the entire opposite of what majority expects and this is because we refuse to answer of what happens when everyone buys the bottom.

Haven't even been in Bitcoin for very long (4 years) but have met plenty of people along the way who tell me they exited with a lot of disappointment. We're talking early adopters even, so their attitude was surprising to me, especially in 2018/19 when I thought, surely they'd seen it all before and 3k lows are amazing if that's the extent of losses!

I'm expecting a wave of exiters in a few weeks and months too, if price doesn't meet expectations.