Bitcoin Supercycle?

[royalfestus]

Is it possible to have a bull run for the next couple of years? I mean more people and companies start using bitcoin often and knowing there's a limited supply of it, the demand for the crypto will go up eventually. Do you think it's possible considering inflation and our global economy today? I know its a very volatile asset but what do you think?

It is really difficult to predict the future of any asset, many people believe that Bitcoin's limited supply and increasing adoption could potentially lead to a bull run in the future. Bitcoin's price is merely influenced by a variety of factors including demand and supply, relative news and events that is currently happening, and market sentiment. It is important to remember that the past performance of Bitcoin is not indicative of future results and that investing in any asset including Bitcoin comes with a risk.

I anticipate that we have already learned from our experience with the supercycle and will refrain from discussing it further. The concept of the supercycle was championed by the group known as "3 arrows," but it ultimately led to significant losses during the bear market. It is advisable to take profits at opportune moments. It is improbable for a supercycle to occur within this space

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[indo1]

I think bitcoin already has its cycle. they call it "halving" where when bitcoin experiences a halving it will make bitcoin more difficult to mine and of course its scarcity will increase. The problem is that it's only one source for bitcoin to go up, and I'm not sure about halving, because what made crypto in its golden age was the many projects that were really enthusiastic and honest in their investment. and also the many markets that we have encountered with volumes that are not too far away and hacking issues rarely occur.

[ajiz138]

I think a bull run can happen at any time due to many factors, but what makes us optimistic is that bitcoin will continue to shine because the stock is limited because mining is getting more difficult, and of course the number of users continues to increase so that there will be an explosion in demand and of course a price explosion or bull run.

The most influential factor is that after the halving there will be more and more positive news about bitcoin that causes the bullrun to occur, but indeed we don't know when it will occur but the previous cycle was the same after the bullrun halving came.

Demand in the market will no longer be avoided with stronger adoption from several large institutions, about miners maybe this will be a little more difficult for them but for miners big companies are of course still profitable, what is clear is that there is always the right phase for all of this but I don't think when the bearish continues the bullrun suddenly comes I think it's still very unlikely.

[Patrol69]

We all think it's possible. Because currently the amount of investment in Bitcoin has increased a lot. Inflation like phenomenon is happening in different countries due to which people feel safer to invest in Bitcoin instead of keeping money in banks. If the amount of investment in Bitcoin increases then the value of Bitcoin will increase a lot in the future. Although it cannot be confirmed, we are only guessing. Because if these things could be confirmed then no one would have suffered by investing and everyone would have earned a lot of money. Since this is likely to happen, we must be patient.

[AnonBitCoiner]

Yes it's possible for sure. I have realised one thing in crypto market nothing is impossible bitcoin going to below 10k is also possible in this scenario and bitcoin touching another ATH is also possible in this scenario. I say this because bitcoin has it's halving due next year and it has a history of reaching a new ATH in the year next to it's halving year, so who know bitcoin might be on another supercycle in just another 2 years.

Yes everything can happen in crypto and nothing is impossible but as crypto is volatile so we also don't know that what will it happen. I think that when you post so at that time the price was high but now its dump, may be the price goes higher again after sometimes because there is a temporary ups and downs.

I think that 2 years are prolong duration so it can occurs but as it is not guaranteed therefore I will say that at some point there will slight dump and pump according to the market situations. It can happens that as in 2023 the price touches the 30k$ so after 2 years may be it again 30k$ but in the middle duration there will be regular Fluctuations occurs which cannot be stop.

[JoyMarsha]

Is it possible to have a bull run for the next couple of years?

The bitcoin halving occurs every four years. There is a 4 year gap. The price of the current halving will increase after the course of each halving season for some time which will now give a new ATH than the previous halving.

I mean more people and companies start using bitcoin often and knowing there's a limited supply of it, the demand for the crypto will go up eventually. Do you think it's possible considering inflation and our global economy today? I know its a very volatile asset but what do you think?

That is the future strategy we look forward to, when more people and businesses begin using bitcoin in their operations, the price of bitcoin will unquestionably soar.

[sana54210]

I think a bull run can happen at any time due to many factors, but what makes us optimistic is that bitcoin will continue to shine because the stock is limited because mining is getting more difficult, and of course the number of users continues to increase so that there will be an explosion in demand and of course a price explosion or bull run.

The effect of another bullrun on Bitcoin does exist, it's just that this might not happen this year even though Bitcoin is starting to be difficult to mine and the enthusiasts are increasing. Because the very basic influence for a bullrun to occur is the effect of more demand through the market, because as long as it doesn't happen to Bitcoin this year, it looks like a bullrun will still be difficult to happen to Bitcoin, especially if it's expected this year.

It doesn't have to happen this year, it's fine if it doesn't happen right away. We need to realize that the best thing to do right now is to make sure that it goes to a point where it can be living at a decent place. I understand that maybe it will be next year, or even the year after that but isn't that even better? Think about it, if the price goes to a new all time high in 2025, that means you have 2 years until it reaches a peak point, so whatever you buy from today until two years later means it will go up and you will be in profit.

Too many people miss that part about it and I understand that it's not going to be a big deal and it's not going to be a proper investment if this doesn't happen but you should consider that as a reality.

[MiF]

Is it possible to have a bull run for the next couple of years? I mean more people and companies start using bitcoin often and knowing there's a limited supply of it, the demand for the crypto will go up eventually. Do you think it's possible considering inflation and our global economy today? I know its a very volatile asset but what do you think?

Bull run will come even if we like it or not, it is because bitcoin is not stable price will up and sometimes down because there are investors that come and go and i believe that in the near future its user will rise drastically because of its amazing features and uses, in my country there are stores that accept crypto as payment it is truly amazing.

[ilovealtcoins]

I believe there will be a super cycle for bitcoin in the next bull run, and that's why I always want bitcoin to drop more this year so I can accumulate as many bitcoins as possible to prepare for the bulls season upcoming. The bull season will coincide with the economic recovery, which in turn will stimulate strong investment demand to create a super cycle, not only for bitcoin but for all financial markets.

[CageMabok]

Bull run will come even if we like it or not, it is because bitcoin is not stable price will up and sometimes down because there are investors that come and go and i believe that in the near future its user will rise drastically because of its amazing features and uses, in my country there are stores that accept crypto as payment it is truly amazing.

If someone in your place already wants to accept crypto as payment for goods at their shop, that's definitely an extraordinary thing because not many countries have adopted crypto so there are still many shops that don't want to accept payments via crypto. A close example is where I am where I still have to constantly rely on fiat when I want to shop for anything because there are no shops here that accept crypto as payment.

So what you're experiencing there is clearly a very good thing because with a store willing to accept crypto as payment, of course it will make people start to be interested in crypto and try to get to know Bitcoin further and have the intention to own it because it can already be used for buying goods in stores even though they are still only in certain shops.

[Crypt0Gore]

Is it possible to have a bull run for the next couple of years? I mean more people and companies start using bitcoin often and knowing there's a limited supply of it, the demand for the crypto will go up eventually. Do you think it's possible considering inflation and our global economy today? I know its a very volatile asset but what do you think?

Hard times don't always last forever, just because inflation is killing us doesn't mean it's going to be inflation forever, give it time things will get better, and when things start getting better the price of bitcoin will start benefiting.

Another good time is next year halving, that's a good event to look out for and that will bring a positive reaction to the whole crypto market.

I still believe that the possibility of 10k Bitcoin is very slim, the reason why Bitcoin dropped to 3600$ in 2020 was because of CoVID, I doubt another CovVID will happen, so do not wait, start accumulating Bitcoin right now because the opportunity that you seek might never come to existence. 

[fuguebtc]

Bull run will come even if we like it or not, it is because bitcoin is not stable price will up and sometimes down because there are investors that come and go and i believe that in the near future its user will rise drastically because of its amazing features and uses, in my country there are stores that accept crypto as payment it is truly amazing.

If someone in your place already wants to accept crypto as payment for goods at their shop, that's definitely an extraordinary thing because not many countries have adopted crypto so there are still many shops that don't want to accept payments via crypto. A close example is where I am where I still have to constantly rely on fiat when I want to shop for anything because there are no shops here that accept crypto as payment.

So what you're experiencing there is clearly a very good thing because with a store willing to accept crypto as payment, of course it will make people start to be interested in crypto and try to get to know Bitcoin further and have the intention to own it because it can already be used for buying goods in stores even though they are still only in certain shops.

Many countries have accepted bitcoin and no longer ban it as in previous years, but accept bitcoin as a payment method, not many governments do this. Bitcoin is also not banned in my country, but finding a store that accepts bitcoin is almost non-existent. Using bitcoin or cryptocurrency for payment, most people already have some experience with online purchases. But to pay directly at a physical store, I also have no experience.

As long as the government accepts and allows people to use it as a legal means of payment, an increase in users is inevitable. In my opinion, the biggest hurdle for bitcoin is still the government.

[Bitcoin_people]

Is it possible to have a bull run for the next couple of years? I mean more people and companies start using bitcoin often and knowing there's a limited supply of it, the demand for the crypto will go up eventually. Do you think it's possible considering inflation and our global economy today? I know its a very volatile asset but what do you think?

Bitcoin is a virtual currency which has become more and more important in most of the economy in today's world. You may notice that currently all companies in countries that accept Bitcoin are making payments and transactions using Bitcoin. But the Bitcoin market will definitely turn into a bull market but it will take some time. When the Bitcoin market peaked in 2021 we saw an upward trend of everything. However, although the market is currently in a bear market in 2023, the next year in 2024, the Bitcoin market will reach a high. However, there was much talk of a supercycle in 2021, so if Bitcoin bulls in 2024, it will certainly continue again.

[panganib999]

In order for a bull run to extend for a longer period of time, it has to be sustainable. Sustainable in the sense that there has to be good reasons for it to keep coming. Let's take the 2020-2021 bull run. At first it was mere shill, most people don't even think great of it until the coin bounced back and continued to increase in value over a longer period of time, not only because of the shill but because along with the increased perceived value and demand, people also saw fit to actually introduce stuff that we've never seen before. NFTs, Metaverse, more projects that have profits by the millions, this kept the bull run alive until that God-forsaken Do Kwon fucked things up and jump-started the greatest series of unfortunate events in the history of crypto.

So, I'll throw the question back at ya, do you think the halving this year's gonna be enough to power this "extended bull run" you so wish?

[Sayeds56]

Is it possible to have a bull run for the next couple of years? I mean more people and companies start using bitcoin often and knowing there's a limited supply of it, the demand for the crypto will go up eventually. Do you think it's possible considering inflation and our global economy today? I know its a very volatile asset but what do you think?

Yes, it is possible that Bitcoin will start performing well  by the end of current year. Most of prominent analysts are predicting it price around $48,000 by the end of 2023. Halving of Bitcoin is a significant event, which is is scheduled in the middle of 2024. This event plays a crucial role as it reduces the block reward of miners and subsequently reduces the supply of new Bitcoins in the market. Historically, such reduction in supply often leads to a bullish trend in crypto market.

[Balmain]

As Bitcoin begins to be adopted, we can see the supercycle in the next halvings. You see the deflation situations in the world, in this sense, Bitcoin is a great investment option to protect. After each halving time passed, more and more people were connected to the system with its rise.

During the last bull season, many companies invested, even some countries. Bitcoin brought a lot of new things with it. Users spend a lot of time to win some rewards, only some of them have traders, on the other hand, miners are interested in their technology, it is a really big ecosystem, this ecosystem is updated more and more every year. In my opinion, these setbacks in all global markets are making a big difference for Bitcoin, which will make it even more valuable.

[Cryptomultiplier]

Of course bull run for Bitcoin must come. Records show how it takes within 3 - 6months for bull run to effect, this is after the halving to be expected sometime Apr-May 2024.  Am being speculative as to the positivity of expecting a bull run because of previous data and ATH after a four year cycle is complete and all Bitcoins, halved.

The best practices right now is more or less DCA.
Traders that rely on profit right now, gotta be strong and find alternatives to earning as it only gets worse before it gets better.
The market volatility is real and as more coins are showing resilience this competition for dominance is bound to cause Bitcoin to innovate and create profitable opportunities for its users.

[Mario Yamasaki]

Bitcoin investment is like a roller coaster that makes us panic easily, unfortunately there are still many people who believe that by investing in bitcoin, you will become rich in a short time so that he goes into debt or sells assets to invest in bitcoin, this is what makes us regret it when what happens is a bear market.

[gaston castano]

With the next halving coming next year then the urge to accumulate more before the halving is high because every halving comes with a bull run. This year we have seen bitcoin rising mostly because of the recent crises faced by banks which has prompted many into bitcoin.

But would this bull continue after halving like you asked? I would say no, because in the past after every bull run there’s a bearish period and I think this will continue because many investors have the intention of selling off some of there holdings after this bull run and as such it could affect bitcoin.

Also we can also be certain what kind of government policies or crises we will face in the future, should the government begin to hit strict bans on it again then it might affect bitcoin as many people will be forced to withdraw there holdings

While the anticipation of the halving may create a sense of urgency to accumulate more Bitcoin, it's crucial to approach investments with careful consideration and not solely rely on this event as a guarantee of price appreciation. Market dynamics are influenced by various factors, including supply and demand, investor sentiment, macroeconomic conditions, regulatory developments, and technological advancements.

[Renampun]

Is it possible to have a bull run for the next couple of years? I mean more people and companies start using bitcoin often and knowing there's a limited supply of it, the demand for the crypto will go up eventually. Do you think it's possible considering inflation and our global economy today? I know its a very volatile asset but what do you think?

of course there is. not only me, many people believe that in 2024 when the bitcoin halving will be a bull run momentum and it is predicted that at that time the price of Bitcoin could pass its ATH. you don't need to worry that there won't be a bull run in the next few years, because it will definitely happen. The point is you are sure and keep holding your bitcoins and if you can continue to increase the number of your holdings, your investment will surely bear sweet fruit.