2024 will determined bitcoin fate

[Fivestar4everMVP]

Many expectations of bitcoin this year failed, but I notice that bitcoin always breakout into a new price after interval of five years, the last massive explosion of price was between 2017-2018 and since then, bitcoin has not record major price increase. Now if you calculate from 2018 to 2023 that's about 5 years though because of policy of economic inflation and influence the price has not gain its actual strength to break resistance limits and if the remaining quarter of the year fails even more, then we should expect 2024 to 🔥🔥🔥🔥🔥🔥 fire. We should start to make plans for 2024 more buys more gains.

If you were around in 2017/2018 and witnessed the bitcoin price pump back then, then right now, I am really wondering how you missed the 2020/2021 pump, which to me, is the highest pump in the history of bitcoin till date, so this to say that your analysis is wrong, just like act said.

For all the pumps I've witnessed since I got into bitcoin, breakout in price has always happened during bitcoin halving which occurs in every 4 years cycle, so yeah, the next bitcoin halving is going to happen in 2024 i think, and many are already speculating that this time around, bitcoin is going to hit $100,000 and above, this was the price many investors expected bitcoin to reach in the last bull run, but unfortunately, it couldn't make it to that amount, but rather, it started retracing after it reached $69,000 or very little above that.

So right now, all fingers are crossed, waiting to see what will happen in the coming halving.

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[Ale88]

But many people are expecting 2034/2025 to be great and expecting all-time-high because of bitcoin halving. Psychologically, people think bitcoin price will increase after halving.

It's not only a psychological thing, it's what actually happened. Bitcoin is going to be more and more scarce and more people will want to buy because of that. Still today I can't believe that soon we should have a bitcoin spot ETF, that means that a lot money is ready to enter the market just in time for the halving. I don't know what could happen but for sure 2024 and 2025 will be very interesting years for the bitcoin community.

[ChiBitCTy]

lol you seem to like the word five huh? ( I'm just messing with ya ).  That said, when people to to derive patterns off of bitcoins history, I find it kind of silly being that it's still a new technology in it's infancy, and so it's history is brand new, and trying to derive patterns, especially patters of five, for something that been around for what, 13 years.. that just doesn't really make any sense.

[piercekieran99]

Personally, I'm cautiously optimistic about Bitcoin's future. It's clear that cryptocurrencies, in general, have changed the financial landscape in a significant way, and Bitcoin is at the forefront of that revolution. So, while there might be ups and downs along the way, but the overall trajectory seems still promising. 

[Viscore]

Many expectations of bitcoin this year failed, but I notice that bitcoin always breakout into a new price after interval of five years, the last massive explosion of price was between 2017-2018 and since then, bitcoin has not record major price increase. Now if you calculate from 2018 to 2023 that's about 5 years though because of policy of economic inflation and influence the price has not gain its actual strength to break resistance limits and if the remaining quarter of the year fails even more, then we should expect 2024 to 🔥🔥🔥🔥🔥🔥 fire. We should start to make plans for 2024 more buys more gains.

None of us can still hold guarantees if bitcoin’s fate will completely happen by 2024. Yes, bitcoin halving is coming but it’s effect is not felt immediately. Trading back history, the crypto prices will only gain its bullish effect several months after halving so if it will appear by the last quarter next year, then perhaps we will feel its effect by 2025. So just prepare for now, and always invest what you can only afford to lose, so that you won’t pressure yourself selling for profits when the market isn’t completely bullish yet.

[Distinctin]

Bitcoin halving is not the only factor that will determine its fate, but it’s probably the best known factor that is proven by many. So you are partly correct in your assumption mate, but did you know that bitcoin halving effects are obviously not seen right at that moment? If you have seen from the past halvings, instead of expecting the market to be bullish, the market instead becomes looks more bearish at the start but after months from the bitcoin halving event, the bullish signs will then start to appear. So most likely, 2024 might not be the best year for bitcoin, but I would say it’s 2025, just my own point of view.

[RockBell]

Bitcoin halving is not the only factor that will determine its fate, but it’s probably the best known factor that is proven by many. So you are partly correct in your assumption mate, but did you know that bitcoin halving effects are obviously not seen right at that moment? If you have seen from the past halvings, instead of expecting the market to be bullish, the market instead becomes looks more bearish at the start but after months from the bitcoin halving event, the bullish signs will then start to appear. So most likely, 2024 might not be the best year for bitcoin, but I would say it’s 2025, just my own point of view.

It's true that the bitcoin market is driven by other factors besides bitcoin, and the halving is one of those factors. However, in the past, it has also been noted that there is also a boost in the market during the halving, and the majority of people think that there will be an effect on the market. Additionally, it is already known that the market will be prosperous. Not everyone will eventually benefit from the market, thus we should all start preparing for the environment's inevitable halving to be green. We should all take advantage of this and profit so that we won't regret it later.

[Mauser]

Many expectations of bitcoin this year failed, but I notice that bitcoin always breakout into a new price after interval of five years, the last massive explosion of price was between 2017-2018 and since then, bitcoin has not record major price increase. Now if you calculate from 2018 to 2023 that's about 5 years though because of policy of economic inflation and influence the price has not gain its actual strength to break resistance limits and if the remaining quarter of the year fails even more, then we should expect 2024 to 🔥🔥🔥🔥🔥🔥 fire. We should start to make plans for 2024 more buys more gains.

   

While I agree with you that 2024 is important for the next period of the bitcoin market, I think we shouldn't be putting too much pressure on the BTC price to reach a certain level. Many investors have already spent the last 18 months to add to their Bitcoin holdings as they expect a price rise in 2024 due to the halving. Don't get me wrong, like you I am very optimistic for the next year and expect prices to rise. The problem is if many investors all expect the same thing, it can lead to a problem if the situation turns out differently. In case investors are using more money than they should and already rely on a big profit coming from Bitcoins next year, this could turn ugly very quickly. Even if the prices only rise moderately to 35-40,000 USD for example, investors could start selling their coins in large quantity to take the profit they need. Which would lead to large drops in prices. The long-term trend of Bitcoin is positive and it’s only a matter of time before we reach another ATH, just don't feel bad when your price target is not reached in 2024.

[mirakal]

Not really sure about that. Just because bitcoin halving is near does not mean that it could be the best year for bitcoin. Bitcoin halving may bring a great positive impact to the market but know that it does not happen right after bitcoin halving has occur. If you trace the past bitcoin halving, the market only becomes bullish after a couple of months so if bitcoin halving may appear at the last quarter of 2024, then most likely 2025 will be the bullish year for bitcoin.

[freedomgo]

Many expectations of bitcoin this year failed, but I notice that bitcoin always breakout into a new price after interval of five years, the last massive explosion of price was between 2017-2018 and since then, bitcoin has not record major price increase. Now if you calculate from 2018 to 2023 that's about 5 years though because of policy of economic inflation and influence the price has not gain its actual strength to break resistance limits and if the remaining quarter of the year fails even more, then we should expect 2024 to 🔥🔥🔥🔥🔥🔥 fire. We should start to make plans for 2024 more buys more gains.

Your analysis about bitcoin price in the past is incorrect, I would want you to go back make research about the last bull market in bitcoin,  you need to know you can't predict the future of the market because it might not actually be the way you think it will be . If you are trying to predict the market it can lead to get distracted and not to concentrate with your investment. If you want invest in bitcoin hodl and take your mind from predicting when to gain profit, doing this it will help you in making a successful investment at the end of everything.  

The market is widely vague and unpredictable so there’s no chance that any prediction will certainly come into reality. And if there’s any, it’s only rare to happen especially that the market has a lot of factors to consider why all these things are happening.

When you say that 2024 is the fate for bitcoin, maybe it could be true because of the upcoming bitcoin halving but we can’t still give assurance if bitcoin halving this time will still create the same effect from the past bitcoin halvings. Know that the market is never fixed and certain, so whatever event may happen, the results may also come out differently.

[Alpha Marine]

No, I do not agree that 2024 will determine Bitcoin's fate. I believe some people said 2023 will determine Bitcoin's fate too. The way I see it, no single year will determine Bitcoin's fate.
If Bitcoin doesn't get to a new ATH in 2024 it doesn't mean it can't get to an all-time high in another year.

By the way, Bitcoin did not fail this year. It showed a lot of positive signs this year and the year ain't over yet. 

[Bitcoin_people]

If you look at some of Bitcoin's past prices, you'll definitely know when Bitcoin was at its peak. If you look at the year 2020/21 you can definitely see that Bitcoin reached its peak. But you mentioned here that bitcoin price was peak in 2017-18 but you have given it completely wrong information. You set the year 2022 as the lowest price of Bitcoin where Bitcoin was at the edge of a bear market. So how do you say bitcoin market was better in 2022 than 2018?? The information you gave is completely wrong, but if you see the events of Bitcoin halving, then you will definitely understand.  Every four years Bitcoin halves and the market becomes a bull market. As the next halving is likely to be in 2024/25 and this is when the price of Bitcoin will rise rapidly and the market will peak.

[Minecache]

No, I do not agree that 2024 will determine Bitcoin's fate. I believe some people said 2023 will determine Bitcoin's fate too. The way I see it, no single year will determine Bitcoin's fate.
If Bitcoin doesn't get to a new ATH in 2024 it doesn't mean it can't get to an all-time high in another year.

I agree with you, there is no year that determines the fate of bitcoin, if in 2024 or 2025 bitcoin cannot increase in price, then in the more distant future it will surely generate ATH. The growth of bitcoin depends on many factors, of which demand will determine the majority. So, it's wrong to think that if the 2024 halving fails to boost the price of bitcoin, that doesn't mean it will never go up. The halving was a big factor in creating bitcoin's price rise, but it wasn't the only factor.

By the way, Bitcoin did not fail this year. It showed a lot of positive signs this year and the year ain't over yet. 

Many people think bitcoin has failed this year because it didn't go up in price as they expected, and they blame bitcoin. That's funny, because not a single asset that goes from $1 to $30k is considered a failure. They failed with their plan because they didn't make a profit and then, they blamed bitcoin.

[Blitzboy]

Many expectations of bitcoin this year failed, but I notice that bitcoin always breakout into a new price after interval of five years, the last massive explosion of price was between 2017-2018 and since then, bitcoin has not record major price increase. Now if you calculate from 2018 to 2023 that's about 5 years though because of policy of economic inflation and influence the price has not gain its actual strength to break resistance limits and if the remaining quarter of the year fails even more, then we should expect 2024 to 🔥🔥🔥🔥🔥🔥 fire. We should start to make plans for 2024 more buys more gains.

Your analysis about bitcoin price in the past is incorrect, I would want you to go back make research about the last bull market in bitcoin,  you need to know you can't predict the future of the market because it might not actually be the way you think it will be . If you are trying to predict the market it can lead to get distracted and not to concentrate with your investment. If you want invest in bitcoin hodl and take your mind from predicting when to gain profit, doing this it will help you in making a successful investment at the end of everything.  

The market is widely vague and unpredictable so there’s no chance that any prediction will certainly come into reality. And if there’s any, it’s only rare to happen especially that the market has a lot of factors to consider why all these things are happening.

When you say that 2024 is the fate for bitcoin, maybe it could be true because of the upcoming bitcoin halving but we can’t still give assurance if bitcoin halving this time will still create the same effect from the past bitcoin halvings. Know that the market is never fixed and certain, so whatever event may happen, the results may also come out differently.

You seem to misunderstand the fundamentals! Predicting the market isnt about certainty; its about probabilistic outcomes. The upcoming bitcoin halving? Sure, its an important event, but pinning all hopes on it is sheer foolishness. The past doesnt predict the future, especially in a dynamic and ever-evolving market. If you're so convinced about the market's unpredictability, maybe its better to stay away rather than opining without a basis. Every halving, every event, every shift has its unique circumstances.

[samuraijin]

I am very optimistic about the growth of Bitcoin in the coming year and there will certainly be a lot of scams out there that must be watched out for in terms of holding Bitcoin and others, because Bitcoin growth will continue to increase after the halving occurs because these moments will continue to rotate in a 4-year cycle and even that has become a culture in Bitcoin, so only one can take advantage of that moment and use bitcoin as well as possible in the future.