Another opportunity is coming, a time to hold

[TheUltraElite]

Decisions change though and what might happen in 2024 as predicted in 2022 might not actually happen when the time comes because who knows what might happen in this world. COVID and a war happening were few of the examples of how uncertain the future is and how fragile human life is in real. With crisis happening everywhere people are more likely to store in quickly liquid-able assets rather than risky assets that the governments dont like.

Too much thinking in the future only ruins the present moment. Right now, we can buy bitcoin because its price is on the lower side, if not wait and hold for it to rise, dont bank on future options for your current investment.

[1714624785]

1714624785

[Flexystar]

Good for gesture of keeping hold on to the bitcoin for the future but I would really stick with my instincts and what’s really going on in the crypto market surroundings. This market is uncertain even with such news. They could give us some upper market movement for time being but as soon as people forget such news they start to loose the drift with the time and market resets back to normal or what can I say to bearish trends! But surely this is good news for us, let’s hope the analyst is good at what he analysed and predicted . :-)

[usekevin]

This week their was some dump in most of the coin,but this not to close.Most importantly the price of bitcoin at the green market now.Actually their will be next halves in 2024,this Canadian involving and investment towards the crypto currency will boom the market and pump the market to 100k dollars.After some rise in the price of bitcoin to the 65k dollars,their will be continuous pump in the market till the 100k pattern was formed.

[Z-tight]

The OP attached a Cointelegraph link that I read, so it can't be a lie.

Cointelegraph or any other crypto news site can publish fake, inaccurate or unverified information or news, they are just running their business, and sometimes in the process of doing so they may publish the news that will sell the most, or the one that will attract the most attention, even if sometimes the content may be crap. Lucius posted a link earlier in this thread about another similar crap news that was published by Cointelegraph: 61% of Americans may purchase crypto in 2022, a new survey says, there is no way Cointelegraph can accurately know the percentage of Canadians or Americans that are planning to buy crypto in any year, so this news can't be true.

[Wakate]

There is always an opportunity for for Bitcoin holders in the market and for those that are true holders are the ones that will benefits much from the market since the price of Bitcoin is down now and is a signal for everyone to keep buying and holding for the big bull market that is coming soon.
Many newbies do not understand the market that is why they keep complaining about the price of Bitcoin falling because they never knew that it is an opportunity and a signal for everyone to keep holding for better profits coming with great rewards.

[freedomgo]

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.

That would be mostly the scenario for newbies in crypto, trying to buy even at its new ATH and plan to hold longer, but they end up panic selling due to fear that they might lose more when bitcoin price shows more price decline. Although I’m not saying this generally, but we have learned based on our experience that people trying to invest in crypto are dying for profits but were not ready yet to take the risks, that is why they end up panic selling and lose in the end.

[Zilon]

The estimated population of Canada is 38,654,738 as at April 1, 2022 which is an increase of  127,978 people (+0.3%) from January 1, 2022. If 30% of the population which is calculated to be 11,596,21 are planning on purchasing crypto by 2024 i doubt if it will have impact on Bitcoin price.

Reasons been that this estimated population aren't planning on purchasing Bitcoin alone but a combination of many crypto currency and many of the shit coin the will plan to buy will certainly dump. If they were planning on buying Bitcoin that population is good enough to cause a massive pump for Bitcoin but with the news details it is not just Bitcoin the Canadians are planning on buying which means no good news at all

If there will be any bull run come 2024 then the halving triggered it and not because of some Canadian interest in purchasing crypto
link

[rendravolt]

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.

That would be mostly the scenario for newbies in crypto, trying to buy even at its new ATH and plan to hold longer, but they end up panic selling due to fear that they might lose more when bitcoin price shows more price decline. Although I’m not saying this generally, but we have learned based on our experience that people trying to invest in crypto are dying for profits but were not ready yet to take the risks, that is why they end up panic selling and lose in the end.

Sometimes newbies come just because they want to get rich quick, but they forget this is a difficult market to analyze. But if they dare to enter the market, of course they have a good mentality and of course they will learn more from the experience, even though they got a bad start.

[blockman]

It's encouraging news and information like this would give that advantage to those that have been thinking that the market will eventually go back. Well, those that have been saying that the price of bitcoin won't rise again and wouldn't follow the cycle.
That's their discouragement to everyone so that that inexperience holders will start to dump their bitcoins and soon, they'll see that those who have said something negative about bitcoin, they'll see them that they're the ones holding then.

[Ziskinberg]

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.

Halving and Bullrun are the things we expect at that time. Actually, people are waiting for that time to arrive, yet we still need to face the downsides of the market before it comes and those who could sustain holding their coins will get huge rewards. Well, I could say it was not too late to accumulate Bitcoin, we are still in the bear condition and we can't just simply ignore this chance for a few years from now prices might be doubled or even more. We can just imagine last year and the next Bullrun might be more than that.

[nurilham]

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.

It seems that many parties have started to prepare themselves for the future bullish period. I don't know why there are so many negative issues that have been blown up, but more and more investors are buying more Bitcoins. With this, of course, it is more convincing that sometimes, the market is manipulated and deliberately given FUD so that they can buy more.
So, why should we be worrying and also negative thinking about Bitcoin sometimes when the price of bitcoin dropped again? This is a good time to buy more Bitcoin, right?

[landheer]

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.

Yes, it is, but I think it would be even better if the purchase had to use IDLE money, because we would not know the bull run market would arrive. because the world economy is currently in decline so I think  have to be strong to hold bitcoin and don't sell it. That's why when you buy, you have to use idle money, because you are afraid that the bull run market will come, the time is very far away.

[kamvreto]

It seems that many parties have started to prepare themselves for the future bullish period. I don't know why there are so many negative issues that have been blown up, but more and more investors are buying more Bitcoins. With this, of course, it is more convincing that sometimes, the market is manipulated and deliberately given FUD so that they can buy more.
So, why should we be worrying and also negative thinking about Bitcoin sometimes when the price of bitcoin dropped again? This is a good time to buy more Bitcoin, right?

Negative issues that continue to be exaggerated will certainly have a purpose for the personal interest of a person or group, even negative issues in the past are brought up again just to enliven the current FUD. Some parties who want to get cheap prices do manipulation strategies on market fundamentals and so they will be prepared and will sell when the bullish period comes. and when the market is bearish as it is now it's the right time to buy bitcoin, and it could even be lower than the current price. Preparing spare money for the next crash is certainly a recommended strategy.

Market sentiment is currently relatively unchanged as last month. market sentiment is at number 24 out of 100 which puts the current status of market sentiment as "Extreme Fear" In 2022 the market sentiment index only reached 60 as the highest level, compared to 2021 which reached the level of 95 in February.

https://alternative.me/crypto/fear-and-greed-index/

[Gallar]

it's just data and predictions,
We don't know in 2024 Canadians will actually buy or not, it's just their plan.

and the issue of bitcoin's 4-year cycle is unlikely to be as high as the previous annual cycle,
because I see it seems like a lot of people are selling bitcoin and few are holding back for sale.

[GideonGono]

I have been saving up and accumulating as much as I could, believing that the next halving would also set a new ATH and I could get a huge profit from it.
But if it doesn't then for me I still consider this as a great investment and I could just wait for it to climb up again.
If the halving wouldn't make it rise up then I am sure that there would be so many reason's in the future for it to set a new record of ATH.

[blockman]

It's encouraging news and information like this would give that advantage to those that have been thinking that the market will eventually go back. Well, those that have been saying that the price of bitcoin won't rise again and wouldn't follow the cycle.
That's their discouragement to everyone so that that inexperience holders will start to dump their bitcoins and soon, they'll see that those who have said something negative about bitcoin, they'll see them that they're the ones holding then.

Dumpers will soon to regret their doing for being impatient and full of doubts. I know not all have strong mindsets and are willing to hold but if we had the capability of Bitcoin, holding it was not hard to do it. Definitely, the news giving us some insights to what might happen a few years from now. So before that will happen, it is best to take advantage of the situation while we still have the chance to buy potential coins in a cheaper price.

Well, we've seen it with many other stories that they've regretted selling when they're able to keep it while they can. We just have to learn the lesson from them and basically, look at how we can avoid the same experience as them. It's better for us to look forward to the future by holding bitcoin.
We want to earn a lot from holding bitcoin and we all know that it's going to be worthy by having that enough patience and by being calm at all times because, someone might be moved when the price plummets.

[Leviathan.007]

We are talking about the next 3 years and nothing is still clear for us during these years, even if the data is correct and the people of Canada start moving on bitcoin for the next 3-4 years we cannot be sure if they won't change their mind until that time, however, this can be a positive signal for people who are looking for a hold signal for long erm but regardless of that of you look the chart of bitcoin in the long term that's bullish and the data from Canada is technically not necessary for the bitcoin holders.

[cheezcarls]

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.

As much as I love to see that come true in Canada, these are just predictions. Nobody knows what exactly would happen in 2024. We’re imagining about the future, but there are no guarantees and promises if that certain event would likely happen.

But what I am really looking forward nowadays is the much-anticipated Bitcoin halving that would happen in 2024. Regardless of the result, no guarantees that the price will go to the moon afterward. Although in the past halving periods that BTC indeed got up to its all-time highs, hype is still we need to make it pump like the other coins and tokens.

[Hyphen(-)]

Many people, not just Canadians, are eager to invest in Bitcoin before the expected halving in 2024.
But the nature of the cryptocurrency market instills fear in people's minds, particularly those who have yet to fully trust Bitcoin; they believe that Bitcoin will never regain its ATH, whereas those of us who have believed in Bitcoin know that it will go far above its ATH; only time will tell.
This news provides yet another reason to invest in Bitcoin because it demonstrates how willing Canadians are to accept Bitcoin and cryptocurrency.

[s1d]

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.

this is pretty promising but i seriously wouldn't recommend buying any crypto in this bear market phase. from a newbies perspective it might seem like a good idea to purchase since bitcoin and other alt/shitcoins are plummeting in price, but isn't that kind of like catching a falling knife? why would you want your hands to bleed on its way down? instead, why not wait til the next crypto bull market phase and capitalize on gains when the price is ACTUALLY rising and exit safely... doesn't that sound much better? another thing to shine light on is that if u look at bitcoins 1 week price chart, it has been proven over time that it takes 6+ months for the price to break out of the box of consolidation, so trade especially carefully now. no one knows when we break out of a bear market. this is just my opinion though.