Another opportunity is coming, a time to hold

[EdenHazard]

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.

It was too general though ... i don't see any guarantee that those 30% of the canadians will surely buy some bitcoin at the mentioned time above. Everyone would love to buy right before the halving as it is the moment where the price could spike really high.

The execution to buy bitcoin are heavier than what those 30% canadians imagined.

[1713476677]

1713476677

[salad daging]

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.

Not only in Canada in my country there are also those who said in a survey that in 2023 there will be an increase in the number of investors in their trust in Cryptocurrencies, so indeed we see more opinions during a bear market although some are still afraid of investing in Bitcoin maybe also because of the lack of experience and ability in Bitcoin further, this is not yet fully Cryptocurrency will be more trusted but we need a process to see it.

In that country, it is indeed high in accepting Bitcoin in full and there are even some outlets that already accept Bitcoin as a means of payment, so it is natural for its citizens to ask for more to be increased.

[TheUltraElite]

People will say many things concerning bitcoin but I only feel pity  for those who will take all this fallacy into their heads and at last they will regret missing the opportunity.  Some time back when the market was bearish people also made the same comments like this, time will come for them to understand they made a wrong decision.

Bearish or bullish depends on how long the market was stagnant on a certain price too. Like for example, currently the price is stable at 19k USD and now people are going to set prices above this as bullish and less or equal to this as bearish. To them 700 USD (the price of 1BTC back in 2015) is something that is not going to happen anytime in the future.

So even if someone was nay-sayer for bitcoin, they might change their attitude in future and this is a welcome move as well. For them there are prices to buy at, just that they need to pay a bit of attention to the charts before picking a price to buy with patience.

[Asiska02]

Given this kind of development or achievement for bitcoin, it's possible that its very volatile nature won't be apparent to all. This might increase interest from traders or investors looking for a way to do business in this area. Even individuals who need it for everyday transactions will experience less worry of it dumping, after leaving their money in their wallets for a while.

In conclusion, if this forecast comes true in the near future, we may see the age of bull runs occurring every four years coming to an end. Even I will become more assured of its investment, which will increase my enthusiasm in inviting others to invest in it. Bitcoin is the best, so I'm optimistic this will happen.

[RockBell]

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.

Bitcoin has gone viral this year  a lot of people have invested and many more are still investing even with zero knowledge about trading or basic knowledge on bitcoin most people who are not experienced in trading are always worried and are likely to sell off their coin due to the price instead of taking advantage of buying more and holding onto the one you have accumulated already once you have made up your mind to go into bitcoin you must be very patient not to sell but to hold, in situations like this the best thing is just learn to manage risk and ask questions if their any challenges as beginners.

[uneng]

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.

Bitcoin has gone viral this year  a lot of people have invested and many more are still investing even with zero knowledge about trading or basic knowledge on bitcoin most people who are not experienced in trading are always worried and are likely to sell off their coin due to the price instead of taking advantage of buying more and holding onto the one you have accumulated already once you have made up your mind to go into bitcoin you must be very patient not to sell but to hold, in situations like this the best thing is just learn to manage risk and ask questions if their any challenges as beginners.

Bitcoin went viral last year, while this year the market is pretty stagnant and boring... There isn't new money coming into crypto market and the only thing investors are doing right now is to maintain the price inside the 19,000$ zone and I believe they are doing this to not discourage and decrease the morale of potential investors even more than they are already disturbed by the currently crypto market's bearish conditions.

I don't know how long it is still going to take until the tendency can be reverted, but we need reinforcements faster as posdible, otherwise bitcoin is going to lose more territories (volume) yet.

[Z-tight]

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...

Buying bitcoin in a bear market is good and it does not fit your description of catching a falling knife, that is the mistake people make of not buying bitcoin when it is cheap, but they start fomo buying when the bull run or pump starts, if newbies want to invest in bitcoin, then the winter period is a great time to do so. Though people should not buy altcoins during crypto winter season, altcoins are mostly not useful except for pump and dump, so if you want to take the risk with them, take it when it starts to pump and sell very fast before it dumps.

[dunfida]

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...

Buying bitcoin in a bear market is good and it does not fit your description of catching a falling knife, that is the mistake people make of not buying bitcoin when it is cheap, but they start fomo buying when the bull run or pump starts, if newbies want to invest in bitcoin, then the winter period is a great time to do so. Though people should not buy altcoins during crypto winter season, altcoins are mostly not useful except for pump and dump, so if you want to take the risk with them, take it when it starts to pump and sell very fast before it dumps.

People never ever learn and this is why they do really make out some regrets and been whining whenever the market do make out some recovery.This is why its really important that you should really be analyzing on things which it would be sensible for you to get in or accumulate cheap coins when everything is crashing or into their all time low.

Just to mind off and believe that the market cant really be just be moving on bears forever.It might took that long but its impossible that we wont really be able to experience bullish market.
It do really matters on how you do make yourself that wise when everybody is fearful but of course you should always mind off the risk since future is never been certain.

[Vaculin]

Well in this case it is indeed news that looks pretty good but if I'm not mistaken there were several surveys also at the end of last year or the beginning of the month in 2022 which said almost 50 percent of Americans could buy crypto this year.
In this case, buying does not mean it will be completely Bullish but seeing news like this, it is clear that there will be a bit of confidence in the next year although this is still uncertain because it is still assuming.

Considering this is just a survey, so it can still be a sort of speculation that may not eventually happen or may happen and turn into reality. However, knowing the market that is very unpredictable, I bet Canadians would somehow fear investing if the market is still very unstable and that bitcoin price still not reaching its significant price. But I just hope that they’ll know eventually that the best entry would be when the market is facing its bearish season, most likely the one we are experiencing now.

[Russlenat]

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 proves that there are more to come in the market and that we should be more patient to wait for it as it will happen gradually when the right time comes. However, we always hear this positive future actions towards the crypto market, but I would advice not to take this seriously as things might eventually change when that time comes. And when the market still shows no progress by that time, and that prices are still in bad position, then I don’t think these Canadians will still insist to enter the market despite of its current flaws.

[Rengga Jati]

This proves that there are more to come in the market and that we should be more patient to wait for it as it will happen gradually when the right time comes. However, we always hear this positive future actions towards the crypto market, but I would advice not to take this seriously as things might eventually change when that time comes. And when the market still shows no progress by that time, and that prices are still in bad position, then I don’t think these Canadians will still insist to enter the market despite of its current flaws.

Yes, patience is one of the keys to investing in Bitcoin.
The media is always reporting good and bad news, lots of FUD being spread, and a lot of hype being raised. However, we ourselves often experience it does not have a significant impact on the market, right?
We often find that the market often does not match our expectations. When the market was expected to rise because of good news, it turned out to be the opposite.

In fact, Bitcoin holders usually buy Bitcoins and leave them in their personal wallets, only checking them out a few years later, especially in the next bullish phase or within a certain period of time. turns out this is more effective and worthy. But unfortunately, not everyone is able to do that, because some also use Bitcoin investment for the short term or only for some time in the first bullish period.

[TelolettOm]

This 30% does not represent the opinion of the entire Canadians.

Of course, but 30% means many people in Canada have the intention to invest in crypto in 2024. I think it is a good sign that more people view positively about crypto and they are brave to put their money into crypto investment. Just imagine if 30% of people in each country in the world are engaged with crypto business, I believe crypto adoption will be faster and massively.

-snip- why would they miss out on such opportunity and wait for 2024 to buy?

They think bullrun will be in 2025, so they only wait for a year if they purchase/buy crypto in 2024. Or if the bullrun happens in 2024, they only hold the crypto for a few months. I guess they don't want to hold crypto for a long time, that's why they are planning to purchase when it is almost achieving the bullrun period.

[qwertyup23]

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.

Interesting- so the price after the new low will adjust and correct itself on the price on the market? I really think that the 2024 halving will significantly increase BTC prices in the market, which is the reason on why majority of the people have been planning on HODLing.

Well, a profit is a profit no matter how huge or small the gain is. What matters is that people grasp the idea of BTC and investing comes as a matter of convenience rather than a necessity to most people. I just hope that before 2024 comes, majority have decided to invest and HODL their coins in order NOT to miss this opportunity.

[Raflesia]

Well in this case it is indeed news that looks pretty good but if I'm not mistaken there were several surveys also at the end of last year or the beginning of the month in 2022 which said almost 50 percent of Americans could buy crypto this year.
In this case, buying does not mean it will be completely Bullish but seeing news like this, it is clear that there will be a bit of confidence in the next year although this is still uncertain because it is still assuming.

Considering this is just a survey, so it can still be a sort of speculation that may not eventually happen or may happen and turn into reality. However, knowing the market that is very unpredictable, I bet Canadians would somehow fear investing if the market is still very unstable and that bitcoin price still not reaching its significant price. But I just hope that they’ll know eventually that the best entry would be when the market is facing its bearish season, most likely the one we are experiencing now.

Assumptions like this are indeed quite good but on the other hand as you said this is only about speculation so we can't really believe that this will turn out to be good because considering this there are still two possibilities.
Worries may happen but this is actually a good thing if you want to start Investing (not trading).
When indeed we have more money then investing from now on is definitely a good thing regardless of how it can still go down or not as long as we are sure of our investment why should we panic because it is clear when the Bulls arrive this will be very good.

[Finestream]

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.

If this news will be granted by 2024, then probably it will create a big hype that will greatly affect the price of bitcoin to move upward. However, this is just another speculation, it may or may not happen at all. But I guess the best thing to do right now is never rely on predictions or speculations, DYOR instead so you will know that this is the perfect time to invest while the market is in bearish state, and when bitcoin halving results into reaching its new ATH, then it’s time to reap what we sow and earn huge profits.

[Sanitough]

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.

Even if no research is conducted, it's obvious that people will want to invest in crypto now that they know its potential in our financial system unlike before that it's only branded as a currency used by criminals.  And if you're  a true investor, you wouldn't wait for 2024 before investing into cryptocurrencies. You will start accumulating now because its price is down more than 50% of ATH.

You are right mate. With or without research, it’s an initiative for us if we go for crypto investments because we believe it’s huge potentials to succeed, or do the opposite way around and stay unattached to crypto. Because if we have faith in crypto, we won’t rely on the upcoming events that may bring positive effects on the market, but rather take the risk now and start investing. For me, it’s now or never, as we can’t afford anymore to miss the train while there are huge opportunities to own and store bitcoin now.

[Luzin]

For me, it’s now or never, as we can’t afford anymore to miss the train while there are huge opportunities to own and store bitcoin now.

Enjoyed reading the writing made by the author. Whatever predictions are written from sources I hope can happen. But if we look at a lot of news that it is likely that 2023 is a difficult year due to the state of the global economy and the rise in bank interest rates increases. This gives the world a chance of a major recession. According to the sources I have read at the moment, there have been many Banks that interest-rate increases. Meanwhile, economic growth is moving slowly.
If you think about it logically, If a recession really occurs, will the Halving period of 2024 still make prices increase? The reason is that many investors are afraid to enter crypto, investors choose to keep USD, so there is no large enough flow of money to crypto.

Source: https://www.worldbank.org/en/news/press-release/2022/09/15/risk-of-global-recession-in-2023-rises-amid-simultaneous-rate-hikes

[nara1892]

Well in this case it is indeed news that looks pretty good but if I'm not mistaken there were several surveys also at the end of last year or the beginning of the month in 2022 which said almost 50 percent of Americans could buy crypto this year.
In this case, buying does not mean it will be completely Bullish but seeing news like this, it is clear that there will be a bit of confidence in the next year although this is still uncertain because it is still assuming.

Considering this is just a survey, so it can still be a sort of speculation that may not eventually happen or may happen and turn into reality. However, knowing the market that is very unpredictable, I bet Canadians would somehow fear investing if the market is still very unstable and that bitcoin price still not reaching its significant price. But I just hope that they’ll know eventually that the best entry would be when the market is facing its bearish season, most likely the one we are experiencing now.

Assumptions like this are indeed quite good but on the other hand as you said this is only about speculation so we can't really believe that this will turn out to be good because considering this there are still two possibilities.
Worries may happen but this is actually a good thing if you want to start Investing (not trading).
When indeed we have more money then investing from now on is definitely a good thing regardless of how it can still go down or not as long as we are sure of our investment why should we panic because it is clear when the Bulls arrive this will be very good.

It is true that an assumption like this cannot come true, but there is something positive value that can be seen from the survey conducted, namely increasing people's trust in bitcoin. Things like this will be a positive narrative for people who initially hesitate to invest in bitcoin. With this being the case, people who initially doubted might assume otherwise, namely that their trust in bitcoin is increasing. Don't be too focused on whether the survey results are correct or not, but let's see the positive side of what we are talking about.

[Raflesia]

Assumptions like this are indeed quite good but on the other hand as you said this is only about speculation so we can't really believe that this will turn out to be good because considering this there are still two possibilities.
Worries may happen but this is actually a good thing if you want to start Investing (not trading).
When indeed we have more money then investing from now on is definitely a good thing regardless of how it can still go down or not as long as we are sure of our investment why should we panic because it is clear when the Bulls arrive this will be very good.

It is true that an assumption like this cannot come true, but there is something positive value that can be seen from the survey conducted, namely increasing people's trust in bitcoin. Things like this will be a positive narrative for people who initially hesitate to invest in bitcoin. With this being the case, people who initially doubted might assume otherwise, namely that their trust in bitcoin is increasing. Don't be too focused on whether the survey results are correct or not, but let's see the positive side of what we are talking about.

Actually for this it only takes time for people who are still not completely convinced to turn into a belief in bitcoin.
This is a natural thing because indeed over time technology has become more sophisticated and now bitcoin is like something that can be accessed anywhere and anytime as long as there is internet there so that the dissemination of information about Crypto will be easier to obtain so that indeed when people do not limit their mindset about bitcoin is something negative then its expansion will happen more and more.

[Fatunad]

Assumptions like this are indeed quite good but on the other hand as you said this is only about speculation so we can't really believe that this will turn out to be good because considering this there are still two possibilities.
Worries may happen but this is actually a good thing if you want to start Investing (not trading).
When indeed we have more money then investing from now on is definitely a good thing regardless of how it can still go down or not as long as we are sure of our investment why should we panic because it is clear when the Bulls arrive this will be very good.

It is true that an assumption like this cannot come true, but there is something positive value that can be seen from the survey conducted, namely increasing people's trust in bitcoin. Things like this will be a positive narrative for people who initially hesitate to invest in bitcoin. With this being the case, people who initially doubted might assume otherwise, namely that their trust in bitcoin is increasing. Don't be too focused on whether the survey results are correct or not, but let's see the positive side of what we are talking about.

Actually for this it only takes time for people who are still not completely convinced to turn into a belief in bitcoin.
This is a natural thing because indeed over time technology has become more sophisticated and now bitcoin is like something that can be accessed anywhere and anytime as long as there is internet there so that the dissemination of information about Crypto will be easier to obtain so that indeed when people do not limit their mindset about bitcoin is something negative then its expansion will happen more and more.

You would really be that negative if you do really make yourself that limited on various sources or making yourself not to engage on whatever things or changes that we do have recently.If you wont really
be that too engaging on things or not really been aware on basic information or ideas then you would definitely be having those negative impression but in overall once you do able to in depth through then
you would definitely be realizing that you've been saying bad things in the past.Opportunity do really comes without you knowing but you arent really that dumb once you do have the experience
and knowledge.You would definitely know on what you would really be doing.