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Author Topic: 2024 will determined bitcoin fate  (Read 1057 times)
Kasabus
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August 01, 2023, 08:53:13 PM
 #101

You are analysing wrongly. Check 2020 and 2021 and see what bitcoin price were. Bitcoin hit all-time-high in 2021. So how come your statement that 2017/2018 was bull year for bitcoin is correct?

2018 was a bear market for bitcoin, just like 2022.

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.
I guess that’s the most awaited part if you are a bitcoiner, seeing bitcoin halving nearly approaching. However, that does not mean that bitcoin and other crypto prices will immediately surge high when bitcoin halving is here. No, it will still take months before you can see the final effect of bitcoin halving into the market.
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August 01, 2023, 09:08:47 PM
 #102

The author did not take into account the events of 2021 for some reason and there are several more inaccuracies in his report. Perhaps the author is a beginner or just wants to draw attention, incorrect analysis, incorrect data
It might not be bad for your analysis to be correct, but it is not. It is very difficult to predict anything with certainty regarding bitcoin or any other currency. And I'm not sure it even makes sense

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August 01, 2023, 09:13:35 PM
 #103

You miss some important points here. Bitcoin price has reached an all time high with $65k way back in November 2021 so definitely, it’s not 2018 but 2021 was the last profitable year for bitcoin. And perhaps with this approaching bitcoin halving, which is expected to happen sometime in 2024, bitcoin price will definitely skyrocket again along with established altcoins in the market. So do the DCA as early as now, so that we will have the best harvest when bitcoin halving is finally around.

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August 01, 2023, 09:37:21 PM
 #104

You are saying this because of the near bitcoin halving that is almost around the corner. Well you’re right, but never expect that everyone will be given the best advantage when bitcoin halving is happening because it still depends on how much you prepared for it.

But I want to correct your wrong analysis based on how you perceived about bitcoin’s journey. 2018 was indeed a bearish moment for bitcoin, same with year 2022. However, 2021 was a great year for bitcoin because its price reached an all time high that time that put $65k as the latest all time high for bitcoin. By 2024, we are expecting a new all time high again, depending on the effect of this approaching bitcoin halving.

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August 01, 2023, 10:26:22 PM
 #105

You are analysing wrongly. Check 2020 and 2021 and see what bitcoin price were. Bitcoin hit all-time-high in 2021. So how come your statement that 2017/2018 was bull year for bitcoin is correct?

2018 was a bear market for bitcoin, just like 2022.

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.
Definitely on point on which this do really pertains that OP did miss out some spot on his analysis and some research on which it is really that misleading into those newbies who would really be able to read up.
5 year cycle? Not its not it is really hat indeed 4 year cycle on which this is usually getting in line with Bitcoin halving which Bull run do kicks in after several months of such event on where
market prices do really rise up into certain extents on which it is really that way more higher compared into its previous highs and this is what investors and supporters that had been anticipating.

Although, when it comes to crypto investments, its never been that risks-free on the first place on which means that despite on knowing about those probabilities basing up on the history but doesnt mean that it would
really be happening in the future. We do know that future isnt something that assured or really that been known whether this market would really be still getting such demand and recognition or there
would be something new that would be taking up place. No one knows but basing and seeing on the current market condition on which it is unlikely that we would be heading there.
Recognition and adoption is still continuing and there's no way on stopping it midway.

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August 01, 2023, 10:29:23 PM
 #106

You are analysing wrongly. Check 2020 and 2021 and see what bitcoin price were. Bitcoin hit all-time-high in 2021. So how come your statement that 2017/2018 was bull year for bitcoin is correct?

2018 was a bear market for bitcoin, just like 2022.

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.
I guess that’s the most awaited part if you are a bitcoiner, seeing bitcoin halving nearly approaching. However, that does not mean that bitcoin and other crypto prices will immediately surge high when bitcoin halving is here. No, it will still take months before you can see the final effect of bitcoin halving into the market.
People know that when the Bitcoin halve is occur the price will go higher. They don't know the right timing when to invest during halving. I believe that there's a lot of manipulation which put in people's mind that Bitcoin's price will drop because people that time were so greedy. So If I were you, I will wait for the manipulation to be done before I buy Bitcoin because I believe that after that the price will drastically move higher. I hope that all of us maximized the profit from that opportunity.
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August 01, 2023, 11:33:33 PM
 #107

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. 

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August 02, 2023, 05:05:25 PM
 #108

[...] Of course, the expected rally that will take Bitcoin to an unprecedented height in 2025 will be without comparison. [...]
It's kind of reckless to just make a statement (marked in italics above) as if it were set in stone.
I don't know how "reckless" you think that comment is when you see something reoccurring over and over. Both of us have witnessed two full Bitcoin circles since we registered here. Your profile tells me that we both got in here the same month. It's also likely that we may have passed through one or two similar experiences as members here, isn't it? So, what makes my being certain that halving history will repeat itself as was in the past "reckless"? Yes, I know this is crypto and there shouldn't be strong hold on certainty but I want to differ on that in relation to halving. Bitcoin will experience another ATH after halving. Mark my word.

English is not my native language, so reckless may be too strong of a word.
Generally speaking I think it's not a wise way to be "certain" about any kind of upcoming market situation (unless you truely have insider information). That's why, even with previous experiences it seems irresponsible to me to state anything like this prediction as facts - because it still is just speculation.
Especially for newbies, let's assume they have a certain expectation - if it doesn't turn out to be true this time, they might just panic sell at a certain point and hate Bitcoin from then on. Sure, not a wise decision, but just how people tend to behave if they have certain expectations without a solid foundation of knowledge and it turns out these expectations are not met.
btw, I've been in the crypto space for even longer and been on Bitcointalk since eraly 2016 but forgot my old login data, as I wasn't really checking this forum much back in the day.

Get educated about Bitcoin. Check out Andreas Antonopoulos on Youtube. An old but gold talk: https://www.youtube.com/watch?v=rc744Z9IjhY

UPDATE 2024: Daniel Schmachtenberger on The Meta-Crisis: https://www.youtube.com/watch?v=LSx8j8lSewA Important talk about the current state of this planet and human society in general.
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August 02, 2023, 05:17:20 PM
 #109

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.
You expect so much that's why you failed , imagine expecting good in 2023 when this supposed to be a semi bear year?
The halving is coming in 2024 meaning that it will take effect in 2025 at least.
So the cycle is not correct from your understanding.
It’s not bad to expect but we should try not to put all our hopes in it, otherwise it will be hard to move on when the year 2024 does not still show any significant price increase. Although history may sometimes repeat itself, but there’s still not enough guarantees that the same thing will happen this year. However, it’s still best to prepare your investment today so that if bitcoin halving is already around, at least you can still dive with the hype.

 
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August 02, 2023, 06:19:26 PM
 #110

~snipped~
btw, I've been in the crypto space for even longer and been on Bitcointalk since eraly 2016 but forgot my old login data, as I wasn't really checking this forum much back in the day.
You've been here that long but you seem not to have given yourself enough time for perusal or trust information from historical data to make forecast of the future. If there were any skepticism on Bitcoin, I think it's gradually getting dismantled now unlike what we had in the past. I don't see why you still hodl tenaciously to things going wrong while we approach a halving year. Listen, I'm not saying Bitcoin doesn't take a beat up from time to time but I haven't seen that beat up take place during halving or post halving. Anyway, I've said enough already on this from my conviction. Your reality and expectations don't have to align with mine, neither do mine with yours.

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August 03, 2023, 02:34:59 AM
 #111

You are saying this because of the near bitcoin halving that is almost around the corner. Well you’re right, but never expect that everyone will be given the best advantage when bitcoin halving is happening because it still depends on how much you prepared for it.

But I want to correct your wrong analysis based on how you perceived about bitcoin’s journey. 2018 was indeed a bearish moment for bitcoin, same with year 2022. However, 2021 was a great year for bitcoin because its price reached an all time high that time that put $65k as the latest all time high for bitcoin. By 2024, we are expecting a new all time high again, depending on the effect of this approaching bitcoin halving.

Bitcoin's all-time price increase hit 68k in 2021. And I see the four year cycle indicates bitcoin halving in 2024 but bitcoin price doesn't hit that much in that year. But going to the next year in 2025, the price of Bitcoin will definitely increase. Because in 2020 there was halving but in 2021 the price of Bitcoin reached the highest mountain height. We look forward to this future Bitcoin halving and the potential for some good new all-time highs.

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Xampeuu
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August 03, 2023, 02:44:36 AM
 #112

You are saying this because of the near bitcoin halving that is almost around the corner. Well you’re right, but never expect that everyone will be given the best advantage when bitcoin halving is happening because it still depends on how much you prepared for it.

But I want to correct your wrong analysis based on how you perceived about bitcoin’s journey. 2018 was indeed a bearish moment for bitcoin, same with year 2022. However, 2021 was a great year for bitcoin because its price reached an all time high that time that put $65k as the latest all time high for bitcoin. By 2024, we are expecting a new all time high again, depending on the effect of this approaching bitcoin halving.

Bitcoin's all-time price increase hit 68k in 2021. And I see the four year cycle indicates bitcoin halving in 2024 but bitcoin price doesn't hit that much in that year. But going to the next year in 2025, the price of Bitcoin will definitely increase. Because in 2020 there was halving but in 2021 the price of Bitcoin reached the highest mountain height. We look forward to this future Bitcoin halving and the potential for some good new all-time highs.

the four-year cycle is indeed our hope to welcome the bullish season, but we shouldn't be too sure about the four-year cycle, considering that there is no certainty in the market, it could happen before 2025 or even more than 2025, I say this so that we don't feeling disappointed if it turns out that we have to go through a more expensive wait than that. my hope is that at the end of this year biltoin has started a bullish season, considering that at the end of every year there are also those who have confidence that the market will go up

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August 03, 2023, 03:01:57 AM
 #113

You are analysing wrongly. Check 2020 and 2021 and see what bitcoin price were. Bitcoin hit all-time-high in 2021. So how come your statement that 2017/2018 was bull year for bitcoin is correct?

2018 was a bear market for bitcoin, just like 2022.

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.


looks like op forgot about the event that happened with bitcoin in 2021 but i think it's an important event because btc at that time the price was very high, which was in the $60k range, but i think op please understand because he's still new in this forum or he forgot .

indeed psychologically people are always like that and think there will be an increase after every 5 years, even though it is not certain, but I personally hope that in 2024 and 2025 the price of btc will be very high.
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August 03, 2023, 03:12:36 AM
 #114

You are saying this because of the near bitcoin halving that is almost around the corner. Well you’re right, but never expect that everyone will be given the best advantage when bitcoin halving is happening because it still depends on how much you prepared for it.

But I want to correct your wrong analysis based on how you perceived about bitcoin’s journey. 2018 was indeed a bearish moment for bitcoin, same with year 2022. However, 2021 was a great year for bitcoin because its price reached an all time high that time that put $65k as the latest all time high for bitcoin. By 2024, we are expecting a new all time high again, depending on the effect of this approaching bitcoin halving.

Bitcoin's all-time price increase hit 68k in 2021. And I see the four year cycle indicates bitcoin halving in 2024 but bitcoin price doesn't hit that much in that year. But going to the next year in 2025, the price of Bitcoin will definitely increase. Because in 2020 there was halving but in 2021 the price of Bitcoin reached the highest mountain height. We look forward to this future Bitcoin halving and the potential for some good new all-time highs.

the four-year cycle is indeed our hope to welcome the bullish season, but we shouldn't be too sure about the four-year cycle, considering that there is no certainty in the market, it could happen before 2025 or even more than 2025, I say this so that we don't feeling disappointed if it turns out that we have to go through a more expensive wait than that. my hope is that at the end of this year biltoin has started a bullish season, considering that at the end of every year there are also those who have confidence that the market will go up

Yup, I see people make the mistake of nailing everything, they claim bitcoin will definitely go up in 2024 and they forgot that future is unpredictable, there is no guarantee that history will always repeat. There's nothing wrong with expecting everything to be fine in the future, but don't be too subjective and have contingency plans for the worst-case scenario.

Given what is happening, the bitcoin price increase is inevitable but do not be subjective about when it will happen. If 2024 or 2025 bitcoin has not yet appreciated, keep holding for the future.

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August 03, 2023, 03:50:10 PM
 #115

~snipped~
btw, I've been in the crypto space for even longer and been on Bitcointalk since eraly 2016 but forgot my old login data, as I wasn't really checking this forum much back in the day.
You've been here that long but you seem not to have given yourself enough time for perusal or trust information from historical data to make forecast of the future. If there were any skepticism on Bitcoin, I think it's gradually getting dismantled now unlike what we had in the past. I don't see why you still hodl tenaciously to things going wrong while we approach a halving year. Listen, I'm not saying Bitcoin doesn't take a beat up from time to time but I haven't seen that beat up take place during halving or post halving. Anyway, I've said enough already on this from my conviction. Your reality and expectations don't have to align with mine, neither do mine with yours.
I think you should re-read what I wrote again.
First of all, I do have certain expectations/hopes. But I am not delusional in the way that I would state them as facts and certainty. There is a good chance we see a pretty nice Bitcoin price increase close before or after the next halving. But, again, it is not set in stone. No one can predict what's coming.
I replied to the post because it implied things were certain. That's my point of critique. Because nothing is certain and another ATH definetely isn't certain at all. Even though I believe there is a good chance, I would never write a sentence saying "Bitcoin will reach $100k at that and that date 100%". Because it's utter bs. And the longer you are in this crypto space, the less you should tend to make these prophet-like statements.
Any kind of guru-ism or prophet like predictions are toxic to any new investors with little experience.
You can be a true believer (I'd call it more an understander - education is key here) in Bitcoin and still avoid that stuff (predictions) like the plague.

Get educated about Bitcoin. Check out Andreas Antonopoulos on Youtube. An old but gold talk: https://www.youtube.com/watch?v=rc744Z9IjhY

UPDATE 2024: Daniel Schmachtenberger on The Meta-Crisis: https://www.youtube.com/watch?v=LSx8j8lSewA Important talk about the current state of this planet and human society in general.
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August 03, 2023, 05:07:08 PM
 #116

History doesn't always repeat and nothing is certain in the cryptocurrency market. While there have been historical patterns and trends in the past, there is no guarantee that they will recur in the future. Each market and each cycle has its own special things, it is difficult to accurately judge this. So the story here is just to discuss the fun things, not to believe that it will be an affirmation that the outcome of this market will be in the future. Good luck !

uchegod-21
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August 03, 2023, 06:32:14 PM
 #117

History doesn't always repeat and nothing is certain in the cryptocurrency market. While there have been historical patterns and trends in the past, there is no guarantee that they will recur in the future. Each market and each cycle has its own special things, it is difficult to accurately judge this. So the story here is just to discuss the fun things, not to believe that it will be an affirmation that the outcome of this market will be in the future. Good luck !
It is not so good that we do without history. History is so important in anything that has to do with speculation.
For instance in gambling, especially sports betting, history is always a very great determinant of the outcome of the event and also in the cryptocurrency industry.

History has always repeated itself. The only reason that history might not happen is a very strong fundamental that is strong enough to destabilize the flowing chart and history that has preceded its occurrence. If everything happens normally in the absence of war, covid-19 or any other unforeseen circumstances history is a very strong tool to determine the price of Bitcoin

 
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bayu7adi
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August 04, 2023, 05:48:27 PM
 #118

History has always repeated itself. The only reason that history might not happen is a very strong fundamental that is strong enough to destabilize the flowing chart and history that has preceded its occurrence. If everything happens normally in the absence of war, covid-19 or any other unforeseen circumstances history is a very strong tool to determine the price of Bitcoin
Absolutely true, but often the world unfolds in ways that defy our expectations and calculations. We might elevate our hopes by studying history, yet the capricious hand of fate remains enigmatic.
As long as there are no verified time travelers recounting the future conditions of BTC, it shall remain shrouded in mystery. Despite meticulous calculations and calculations, the future remains unpredictable. Only the divine knows what lies ahead for BTC, whether it shall falter or triumph; no one can truly ascertain.
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August 04, 2023, 11:11:18 PM
 #119

History has always repeated itself. The only reason that history might not happen is a very strong fundamental that is strong enough to destabilize the flowing chart and history that has preceded its occurrence. If everything happens normally in the absence of war, covid-19 or any other unforeseen circumstances history is a very strong tool to determine the price of Bitcoin
Absolutely true, but often the world unfolds in ways that defy our expectations and calculations. We might elevate our hopes by studying history, yet the capricious hand of fate remains enigmatic.
As long as there are no verified time travelers recounting the future conditions of BTC, it shall remain shrouded in mystery. Despite meticulous calculations and calculations, the future remains unpredictable. Only the divine knows what lies ahead for BTC, whether it shall falter or triumph; no one can truly ascertain.
Divine things?
Time travelers?

I dont see for these things to be that relevant for us to connect out these things when it comes to price conditions.It is really just that right that we should really be that trying out to accept our fate
in speaking about total unpredictability of the market in terms of its price because there are lots of factors on which it would really be able to affect its success. If the recognition and demand would really be still intact then we would be able to assume out that it would really be existing for a while and its not something that we could be able to say about being over or would be eradicated.
Demand would be the primary factor in according into its relevance. We didnt even expect for Bitcoin to be able to hit up this high in terms of value.

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August 04, 2023, 11:16:23 PM
 #120

~snipped~
btw, I've been in the crypto space for even longer and been on Bitcointalk since eraly 2016 but forgot my old login data, as I wasn't really checking this forum much back in the day.
You've been here that long but you seem not to have given yourself enough time for perusal or trust information from historical data to make forecast of the future. If there were any skepticism on Bitcoin, I think it's gradually getting dismantled now unlike what we had in the past. I don't see why you still hodl tenaciously to things going wrong while we approach a halving year. Listen, I'm not saying Bitcoin doesn't take a beat up from time to time but I haven't seen that beat up take place during halving or post halving. Anyway, I've said enough already on this from my conviction. Your reality and expectations don't have to align with mine, neither do mine with yours.
Your conviction in bitcoin is valid because of how the price of bitcoin has reached its ATH in the past two halving seasons.
As you mentioned, the bitcoin ATH always takes place months after the halving season. Before the halving season, none of the bitcoin ATHs existed. They were all realized several months later. Therefore, the next bull run that we anticipate won't be an exception to the rule that it won't occur months after halving. Although no one knows what the ATH of bitcoin will be this time. I anticipate the bull run to begin around 2025. What we can predict  is that the price will only increase more than the previous ATH of bitcoin.

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