Another opportunity is coming, a time to hold

[_act_]

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

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.

“We know from our own research (being published later this month) that more than 30 per cent of Canadians plan to buy crypto assets in the next year [...] It is a challenge to bar non-compliant firms from offering services in Canada. With a limited budget and finite Enforcement staff to cover our entire capital markets, there is only so much we can do. But we are making progress.”

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.

[1713543905]

1713543905

[1713543905]

1713543905

[1713543905]

1713543905

[1713543905]

1713543905

[1713543905]

1713543905

[hyudien]

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.

[mk4]

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.

[Bitstar_coin]

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.

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.

[_act_]

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.

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.

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.

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.

[DeathAngel]

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.

[SquirrelJulietGarden]

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

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.

[Bazzu]

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.

[hugeblack]

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?

[Aanuoluwatofunmi]

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.

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.

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

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.

I believe if this kind of research is conducted in many other countries, more people will want to invest in crypto by 2024

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

And what should we expect by that time and 2025? Bull run

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.

[KaliLinux]

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.

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.

Exatly what I was going to get at, however, OPs quote of

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.

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

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.

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.

[Wexnident]

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.

[CageMabok]

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.

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.

[Z-tight]

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.

[Mpamaegbu]

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.

[Lucius]

@_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.

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.

[noorman0]

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.

[naira]

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.

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.

[EarnOnVictor]

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.

[_act_]

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.

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.

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.

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.