OgNasty
Donator
Legendary
Offline
Activity: 4914
Merit: 4840
Leading Crypto Sports Betting & Casino Platform
|
|
October 30, 2021, 09:45:01 PM |
|
I'm a bit curious why everyone is so quick to point to 2013 & 2017 as a repeating fractal that will continue, while at the same time saying that the bubble won't pop this time because it's different. It does give me hope though. Somebody has to buy the top and judging from this poll they are beginning to line up to do so. More power to you. Somebody's got to take my bags off my hands. I'll happily hand them over at $200K and buy them back at $40K in a year or two. For now, let the pump continue! Let there be 40 days and 40 nights of rocket ship rally in our immediate future.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
el kaka22
Legendary
Offline
Activity: 3696
Merit: 1166
www.Crypto.Games: Multiple coins, multiple games
|
|
November 01, 2021, 01:34:53 PM |
|
Most people expecting the bull run to continue is a good sign. I really hoped that people would be able to get out of this mindset that every up needs to be balanced with a huge crash. Still, we could always have a crash, I am not saying that it is impossible, however we do not have to have it right away and we could go up for a very long time. It looks like we are in a situation where bitcoin will go up and will continue to go up.
What I suggest being careful about is the drops like we had recently, from 67k to 60k is still a drop, yes it is not a huge crash, we didn't fall to 30k but it was still a fall. I believe that the future will be exactly like that, we will go up a lot, and then a small fall and then another big up, keep repeating that for a long time.
|
|
|
|
the ghabbar
Member
Offline
Activity: 588
Merit: 11
Futiracoin.com
|
|
November 01, 2021, 03:59:02 PM |
|
Since September 2020, Bitcoin has been in a stable bullish phase, and during this time it has conquered many price peaks, currently stopping at ~$64 000 per 1 BTC. An incredible climb. This was followed by a protracted correction and a good recovery in the price of bitcoin. But it didn't go beyond this recovery at ~$53 000, as China again launched another FUD in the crypto space. But what will happen next for the crypto market? Judging by the sentiment of investors, I have identified several popular opinions on how the price of bitcoin will behave in the future: - Bitcoin price will reach a new ATH by the end of the year, at ~$ 84 000 - $100 000;
- There will be a repeat of 2017: the price will reach a new ATH (not much higher than the current ATH) and after that a long crypto winter will begin;
- This year there will be no more growth and bitcoin will continue to fall for a long time until it drops to the past ATH (at $20 000), after which the price will consolidate and the market will begin the assault on ATH with renewed vigor;
- Now there will be a slight correction, then the market will recover and in 2022 there will be a new ATH.
There are also different opinions regarding Bitcoin cycles. Over the past 10 years, the market has been strictly divided into phases: Recovery - Accumulation - Growth - Decline.And if we compare with the full-fledged market cycles that lasted from 2014 to 2017 and from 2018 to 2021, then we are now in the final phase, the Growth phase, which lasted the whole year and now, it seems, how the Fall phase should come. There is logic in this, because the market is constantly growing and sooner or later the era of sales must come in order to fix profits. From an investment point of view, now everything is expensive and it would be nice for large investors to create the conditions that were, say, in the winter of 2019, when all crypto assets were at the bottom and cost as cheap as possible. If we focus on these cycles, then the next major bull run awaits us in 2024-2025, but for now all this time there will be sales and regular accumulations of cheap coins by whales. So far, these cycles are working and their formation has never been broken in the entire history of bitcoin. Someone thinks this is a coincidence, but I am not one of them. I believe in bitcoin, but I do not believe in "endless" growth that can last for several years. But there is an opinion that the market is transforming and these cycles could change globally. Well, anything is possible in the crypto world, and let's see how 2022 proves itself. Personally, I think that a red candle is more likely to be expected than a green one, but I would be glad to be wrong. And if we compare with the full-fledged market cycles that lasted from 2013 to 2017 and from 2017 to 2021, then we are now in the final phase, the growth phase, which lasted the whole year and now, it seems, how the Fall phase should come. There is logic in this, because the market is constantly growing and sooner or later the era of sales must come in order to fix profits. From an investment point of view, now everything is expensive and it would be nice for large investors to create the conditions that were, say, in the winter of 2019, when all crypto assets were at the bottom and cost as cheap as possible. If we focus on these cycles, then the next major bull run awaits us in 2024-2025, but for now all this time there will be sales and regular accumulations of cheap coins by whales. So far, these cycles are working and their formation has never been broken in the entire history of bitcoin. Someone thinks this is a coincidence, but I am not one of them. I believe in bitcoin, but I do not believe in "endless" growth that can last for several years. But there is an opinion that the market is transforming and these cycles could change globally. Well, anything is possible in the crypto world, and let's see how 2022 proves itself. Personally, I think that a red candle is more likely to be expected than a green one, but I would be glad to be wrong. Who has any opinions on how the crypto market will behave in 2022? There will be competition experienced by bitcoin to reach such a high peak, even what makes people increasingly fond of bitcoin can not be separated from its readiness to face the storm in the correction phase, even though the current condition of bitcoin has not reached the price expected by large investors, the condition of china which has begun to launch FUD will also have an impact on bitcoin, although it is not so big the impact and influence felt by bitcoin, this situation we can see how bitcoin when china forbids its citizens to trade freely in crypto.
|
|
|
|
beerlover
Legendary
Online
Activity: 3052
Merit: 1188
|
|
November 02, 2021, 11:52:55 AM |
|
What I suggest being careful about is the drops like we had recently, from 67k to 60k is still a drop, yes it is not a huge crash, we didn't fall to 30k but it was still a fall. I believe that the future will be exactly like that, we will go up a lot, and then a small fall and then another big up, keep repeating that for a long time.
No bull trend will be without any drop. So, you need to be smart how you are going to make use of drops and rises. Some people may buy and sell along with swings of markets but most other people may keep holding without taking any action at peaks but may keep buying at dips. My plans are the second way to keep buying at dips for the ultimate target of $100 to $120k levels. We can expect more stronger bullish trend in this November month which may get us $80k to $95k in most extreme cases (worse case may not be giving out positive growth for this month which means either may see $80k or $50k).
|
| | . .Duelbits│SPORTS. | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | ███▄██▄███▄█▄▄▄▄██▄▄▄██ ███▄██▀▄█▄▀███▄██████▄█ █▀███▀██▀████▀████▀▀▀██ ██▀ ▀██████████████████ ███▄███████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ▀█████████████████████▀ ▀▀███████████████▀▀ ▀▀▀▀█▀▀▀▀ | | OFFICIAL EUROPEAN BETTING PARTNER OF ASTON VILLA FC | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | 10% CASHBACK 100% MULTICHARGER | │ | | │ |
|
|
|
Japinat
|
|
November 02, 2021, 01:17:33 PM |
|
Bullish sentiment, that's what people are feeling now.
The last quarter of the year IMO is very crucial, it will dictate the possible situation next year, so as I am bullish, I like to see a bullish year-end close for bitcoin and another ATH which could be around $70k to $80k. By next year, if the market will not experience a heavy correction, I'm expecting that $100k will be easily achieved and when that price is reached, I don't know what next as I don't see any ceiling anymore especially when the hype getting bigger and bigger.
|
|
|
|
the ghabbar
Member
Offline
Activity: 588
Merit: 11
Futiracoin.com
|
|
November 02, 2021, 07:43:39 PM |
|
Bullish sentiment, that's what people are feeling now.
The last quarter of the year IMO is very crucial, it will dictate the possible situation next year, so as I am bullish, I like to see a bullish year-end close for bitcoin and another ATH which could be around $70k to $80k. By next year, if the market will not experience a heavy correction, I'm expecting that $100k will be easily achieved and when that price is reached, I don't know what next as I don't see any ceiling anymore especially when the hype getting bigger and bigger.
If that pivotal quarter goes well for IMO, it's a sign of some kind of move in crypto that could warrant a bigger pump by the end of the year, and I expect Ethereum and bitcoin to peak, but those caps are usually hype in erratic amounts, albeit on coins. certain the hype is not that big when compared to memecoin which is in an unpopular position.
|
|
|
|
Sihab76
|
|
November 04, 2021, 09:35:32 PM |
|
Since September 2020, Bitcoin has been in a stable bullish phase, and during this time it has conquered many price peaks, currently stopping at ~$64 000 per 1 BTC. An incredible climb. This was followed by a protracted correction and a good recovery in the price of bitcoin. But it didn't go beyond this recovery at ~$53 000, as China again launched another FUD in the crypto space. But what will happen next for the crypto market? Judging by the sentiment of investors, I have identified several popular opinions on how the price of bitcoin will behave in the future: - Bitcoin price will reach a new ATH by the end of the year, at ~$ 84 000 - $100 000;
- There will be a repeat of 2017: the price will reach a new ATH (not much higher than the current ATH) and after that a long crypto winter will begin;
- This year there will be no more growth and bitcoin will continue to fall for a long time until it drops to the past ATH (at $20 000), after which the price will consolidate and the market will begin the assault on ATH with renewed vigor;
- Now there will be a slight correction, then the market will recover and in 2022 there will be a new ATH.
There are also different opinions regarding Bitcoin cycles. Over the past 10 years, the market has been strictly divided into phases: Recovery - Accumulation - Growth - Decline.And if we compare with the full-fledged market cycles that lasted from 2014 to 2017 and from 2018 to 2021, then we are now in the final phase, the Growth phase, which lasted the whole year and now, it seems, how the Fall phase should come. There is logic in this, because the market is constantly growing and sooner or later the era of sales must come in order to fix profits. From an investment point of view, now everything is expensive and it would be nice for large investors to create the conditions that were, say, in the winter of 2019, when all crypto assets were at the bottom and cost as cheap as possible. If we focus on these cycles, then the next major bull run awaits us in 2024-2025, but for now all this time there will be sales and regular accumulations of cheap coins by whales. So far, these cycles are working and their formation has never been broken in the entire history of bitcoin. Someone thinks this is a coincidence, but I am not one of them. I believe in bitcoin, but I do not believe in "endless" growth that can last for several years. But there is an opinion that the market is transforming and these cycles could change globally. Well, anything is possible in the crypto world, and let's see how 2022 proves itself. Personally, I think that a red candle is more likely to be expected than a green one, but I would be glad to be wrong. And if we compare with the full-fledged market cycles that lasted from 2013 to 2017 and from 2017 to 2021, then we are now in the final phase, the growth phase, which lasted the whole year and now, it seems, how the Fall phase should come. There is logic in this, because the market is constantly growing and sooner or later the era of sales must come in order to fix profits. From an investment point of view, now everything is expensive and it would be nice for large investors to create the conditions that were, say, in the winter of 2019, when all crypto assets were at the bottom and cost as cheap as possible. If we focus on these cycles, then the next major bull run awaits us in 2024-2025, but for now all this time there will be sales and regular accumulations of cheap coins by whales. So far, these cycles are working and their formation has never been broken in the entire history of bitcoin. Someone thinks this is a coincidence, but I am not one of them. I believe in bitcoin, but I do not believe in "endless" growth that can last for several years. But there is an opinion that the market is transforming and these cycles could change globally. Well, anything is possible in the crypto world, and let's see how 2022 proves itself. Personally, I think that a red candle is more likely to be expected than a green one, but I would be glad to be wrong. Who has any opinions on how the crypto market will behave in 2022? From the information you provide, it is clear that Bitcoin is being dumped on the market once every four years. According to that calculation, Bitcoin is expected to be dumped in 2022. However, according to previous calculations, if we imagine the popularity of Bitcoin, then Bitcoin should not be dumping but pumping.
|
|
|
|
GeorgeJohn
|
|
November 06, 2021, 04:22:24 PM |
|
This is one of the questions that most people are curious about the answer of. In my opinion, 2022 will be a productive year for Bitcoin price. Even if we don't see the bull market in this year, I'm expecting to see it in the next year for certain. We are already quite bearish these days and this will fade away in time. At some point, we will definitely see the bull market. In 2022, we should be able to see the price over $100k.
it's everyone assumptions, besides many people said that bitcoin this year will be more reproductive than any other year's, I'm not curious about bitcoin propagation even though it will take it time to propagate, i always be comfortable about it regulations in price, now we might expect bitcoin to get higher by next year come 2022, but from me it's not sure and constant that the price of bitcoin will respond positively, because it can be possible that the price will not get ride to our expectation, I'm not disputing the fact that bitcoin will not reach at least one hundred thousand (100k) by next year, but it's under assumption like we did this year.
|
|
|
|
KennyR
|
|
November 22, 2021, 06:38:39 PM |
|
I think 2021-2022 will create new milestones for cryptocurrency. If we think of the bottom position, we see that Bitcoin is in the range of 30-45k, so it seems normal to move upwards, not downwards. And Bitcoin will always do this because the number of investors is constantly increasing. So the chances of backlash are very low.
The chances of backlash is very low, and we don't know how market gonna react with time. I've similar understanding as in the above quote. The price will fall low around $30k and further grow in a gradual manner. Connecting with the previous bull market of 2017, I find the year 2022 to be bearish than bullish. Once after 2017 market bounce the falling year also had a big expectation. But, everything happened completely on the opposite way. In such a connection 2022 will be bearish and will serve as an opportunity for buyers.
|
|
|
|
RealMalatesta
Legendary
Online
Activity: 2366
Merit: 1137
|
|
November 22, 2021, 08:14:39 PM |
|
it's everyone assumptions, besides many people said that bitcoin this year will be more reproductive than any other year's, I'm not curious about bitcoin propagation even though it will take it time to propagate, i always be comfortable about it regulations in price, now we might expect bitcoin to get higher by next year come 2022, but from me it's not sure and constant that the price of bitcoin will respond positively, because it can be possible that the price will not get ride to our expectation, I'm not disputing the fact that bitcoin will not reach at least one hundred thousand (100k) by next year, but it's under assumption like we did this year.
You are right, it doesn't mean that we are going to get whatever we want with crypto, we could definitely get something much lower as well and that has happened with crypto before. We could live a year like 2021 or 2017 but we could very well live a year like 2018 and nobody knows which one it will be. I am hoping that we will have a good year, but just because we are "hoping" doesn't mean that it will happen. This is why I do not really have any type of problems with having some uncertainty with the prices, let it be a bit risky and unknown for a while so that our long term investment would be even more valuable. If everyone knows that it will go up, then everyone will buy and then we all would win a small amount, but if people are hesitant like us, and then still invest then there will be many who will not invest and the ones who did will earn a lot more.
|
|
|
|
Silberman
Legendary
Offline
Activity: 2688
Merit: 1374
|
|
November 22, 2021, 09:05:54 PM |
|
It is interesting to see how many people think a crypto winter like the one we saw on 2018 will make its appearance, I think there are several factors that go against it, but one of the most prominent is the state of the economy itself, back then a great deal of the increase in the price of bitcoin came from pure speculation, however a not so small portion of the current growth can be attributed to investors looking for a store of value, and as long as the economy is in a bad shape this should remain true for 2022, so I expect investors to keep coming to the market as the economy fails to recover according to the goals set by the politicians and their economists.
|
|
|
|
Fatunad
|
|
November 22, 2021, 10:57:22 PM |
|
It is interesting to see how many people think a crypto winter like the one we saw on 2018 will make its appearance, I think there are several factors that go against it, but one of the most prominent is the state of the economy itself, back then a great deal of the increase in the price of bitcoin came from pure speculation, however a not so small portion of the current growth can be attributed to investors looking for a store of value, and as long as the economy is in a bad shape this should remain true for 2022, so I expect investors to keep coming to the market as the economy fails to recover according to the goals set by the politicians and their economists.
We wont really remove on someones mind on what happened back in the past which you couldnt really blame off on people to think up this way so its better to take yourself that risk management thing. Expect the unexpected because this market is always been unpredictable in the first place.Things that happened before might happen to this present or into the future which means that you do take out actions basing on your experience. Anticipate for things to happen because not all would really be that precise to happen thats why we do keep on speculating.
|
|
|
|
bhooscream
|
|
November 22, 2021, 11:13:28 PM |
|
I am still optimistic that bullish will continue in 2022, but probably will end before half of 2022 (in Q1 or Q2). If we look at the current situation in crypto market, Bitcoin looks like in a sideways phase. If it continues till the next month, means the chance of the next pump in Bitcoin price can be in half of December till the early of 2022. To achieve $100k must take a quite long time, impossible to reach in 1-2 weeks.
|
|
|
|
Silberman
Legendary
Offline
Activity: 2688
Merit: 1374
|
|
November 25, 2021, 08:52:26 PM |
|
It is interesting to see how many people think a crypto winter like the one we saw on 2018 will make its appearance, I think there are several factors that go against it, but one of the most prominent is the state of the economy itself, back then a great deal of the increase in the price of bitcoin came from pure speculation, however a not so small portion of the current growth can be attributed to investors looking for a store of value, and as long as the economy is in a bad shape this should remain true for 2022, so I expect investors to keep coming to the market as the economy fails to recover according to the goals set by the politicians and their economists.
We wont really remove on someones mind on what happened back in the past which you couldnt really blame off on people to think up this way so its better to take yourself that risk management thing. Expect the unexpected because this market is always been unpredictable in the first place.Things that happened before might happen to this present or into the future which means that you do take out actions basing on your experience. Anticipate for things to happen because not all would really be that precise to happen thats why we do keep on speculating. And I can understand that, after all I was part of that crash as well and I am never going to forget it, but at the same time the circumstances on the markets change, just because something happened in the past it does not necessarily mean that the same is going to happen in the future, especially when the circumstances of the market and the economy in general have changed so much during the last four years, so while I think a correction and even a crash is always possible I do not think we should be worried to see something as bad as what we saw with the crypto winter of 2018.
|
|
|
|
romero121
Legendary
Offline
Activity: 3024
Merit: 1214
Vave.com - Crypto Casino
|
|
November 25, 2021, 10:10:38 PM |
|
I find the market to be functional on a cyclic process. Once after the previous bull market there is much expectations on the price to increase continuously. Once there is no big movement with bitcoin, everyone's eye turned towards altcoins. Further discussion started as it is the year of altcoins, particularly ethereum. That created some expectation for some time period. After a long this year we've experienced the real bull trend.
Over the past few years we've been part of the volatile market that is good for the traders. This year has brought in the profit for all the long term holders. Almost similar pattern as the previous bull market have happened, only the price difference is big this time. So, I expect some form of bearish move by the falling year.
|
|
|
|
Nahl
Legendary
Offline
Activity: 1652
Merit: 1000
|
|
November 26, 2021, 02:42:21 PM |
|
everybody who involved on crypto communities including me will expect bullish will continue until next year even during on 2022 people wants to see the price will climbing up until reach to new millestone but besides that i fear 4 year cycle such as 2018 past will happened on that year while after reach to new peak the price gradually down to the deep and people being panic sold their bitcoin majority
|
|
|
|
doomloop
|
|
November 26, 2021, 05:46:02 PM |
|
I find the market to be functional on a cyclic process. Once after the previous bull market there is much expectations on the price to increase continuously. Once there is no big movement with bitcoin, everyone's eye turned towards altcoins. Further discussion started as it is the year of altcoins, particularly ethereum. That created some expectation for some time period. After a long this year we've experienced the real bull trend.
Over the past few years we've been part of the volatile market that is good for the traders. This year has brought in the profit for all the long term holders. Almost similar pattern as the previous bull market have happened, only the price difference is big this time. So, I expect some form of bearish move by the falling year.
I would say that anyone who has never been part of previous cycles will not be able to predict what the future holds. I get that it is not something that many people could comprehend, and they do not know how it acted before, but this is usual for all the other ones. I get that it is regular for us, I mean we will have great years, then we will have altseason, then we will crash, then it will be like that for a while and during that crash it will go down a bit, then a bit more than a bit more and so forth, then it will stay like that for a very long term without moving much, sure a 10-20% move but that is nothing in crypto, and then suddenly it will be another skyrocketing increase. It has always been like that and will keep on being like that again in the future.
|
|
|
|
Silberman
Legendary
Offline
Activity: 2688
Merit: 1374
|
|
November 28, 2021, 07:47:57 PM |
|
I find the market to be functional on a cyclic process. Once after the previous bull market there is much expectations on the price to increase continuously. Once there is no big movement with bitcoin, everyone's eye turned towards altcoins. Further discussion started as it is the year of altcoins, particularly ethereum. That created some expectation for some time period. After a long this year we've experienced the real bull trend.
Over the past few years we've been part of the volatile market that is good for the traders. This year has brought in the profit for all the long term holders. Almost similar pattern as the previous bull market have happened, only the price difference is big this time. So, I expect some form of bearish move by the falling year.
I would say that anyone who has never been part of previous cycles will not be able to predict what the future holds. I get that it is not something that many people could comprehend, and they do not know how it acted before, but this is usual for all the other ones. I get that it is regular for us, I mean we will have great years, then we will have altseason, then we will crash, then it will be like that for a while and during that crash it will go down a bit, then a bit more than a bit more and so forth, then it will stay like that for a very long term without moving much, sure a 10-20% move but that is nothing in crypto, and then suddenly it will be another skyrocketing increase. It has always been like that and will keep on being like that again in the future. The thing is that the nature of the markets can change in a fundamental way during that process, maybe you are right and this is something that is going to keep happening, however the circumstances are different now, institutional investors are putting their money in bitcoin as a safe haven and now even countries are investing in bitcoin, the adoption is higher and the economy is in a bad shape, so even if the price crashed I do not think it will remain there for long as the buying pressure that we are experimenting is too high for that to happen.
|
|
|
|
Welsh
Staff
Legendary
Offline
Activity: 3304
Merit: 4115
|
|
December 01, 2021, 11:08:16 PM |
|
I'm quite happy the potential of $250k/btc was left off . I think if we got an ath around $100k, we might start seeing more erratic moves again trying to drive us higher. I can also see it having detrimental effects in the short term. I imagine it wouldn't stay at 100k for long, and would have a sharp correction. Therefore, unless Bitcoin gradually gets to that figure, it could cause panic. I would much prefer seeing Bitcoin reach new all time highs gradually, and then correct only a couple of thousand below, and then stablise at around that price for a long period, rather than taking a massive jump up. I don't think massive jump ups are a benefit for short term adoption. I would say that anyone who has never been part of previous cycles will not be able to predict what the future holds. I get that it is not something that many people could comprehend, and they do not know how it acted before, but this is usual for all the other ones.
I get that it is regular for us, I mean we will have great years, then we will have altseason, then we will crash, then it will be like that for a while and during that crash it will go down a bit, then a bit more than a bit more and so forth, then it will stay like that for a very long term without moving much, sure a 10-20% move but that is nothing in crypto, and then suddenly it will be another skyrocketing increase. It has always been like that and will keep on being like that again in the future.
I don't think you have to be involved in Bitcoin at the time of the last cycles to be able to read a chart, and make an educated guess on what might happen in the future. Though, that's all it ever is; a guess based on historical happenings. Therefore, isn't all that reliable. The thing is that the nature of the markets can change in a fundamental way during that process, maybe you are right and this is something that is going to keep happening, however the circumstances are different now, institutional investors are putting their money in bitcoin as a safe haven and now even countries are investing in bitcoin, the adoption is higher and the economy is in a bad shape, so even if the price crashed I do not think it will remain there for long as the buying pressure that we are experimenting is too high for that to happen.
It's highly unlikely that Bitcoin continues to follow the same path over, and over. As you say things change, and as evidence in the past Bitcoin reacts to what's going on around it. In fact, it can be partly manipulated by news stories, at least far more than fiat currencies. So, I suspect that the driving force behind the price will be the current stance to Bitcoin, and the news surrounding it rather than repeating historical cycles.
|
|
|
|
Welsh
Staff
Legendary
Offline
Activity: 3304
Merit: 4115
|
|
January 03, 2023, 04:11:14 PM |
|
Expecting all time highs every year would be unsustainable anyhow. People usually follow trends, we like patterns. We're basically pattern recognising machines, and therefore when we feel good about something, we're likely to be more optimistic, and as the saying goes "when it rains, it pours" we very much adopt a similar thinking when times aren't going so well. I imagine the next poll will be more negative, with a little optimism sprinkled in.
|
|
|
|
|