We Are 2007 and next year 2008

[Sarah Azhari]

I respect your forecasts and expectations, but if you want to be taken more seriously by the community, you should explain your forecasts and expectations rationally. Economic expectations are shaped by multiple and complex parameters. I do not think it is right to expect the same results based only on a few similarities. Nevertheless, I wish you the best of luck. We all need luck in this chaotic environment...

Trends tend to follow the same pattern by time. sure, certainly not the same as always, but from several moments we have followed from the halving moment, the price always shows the same pattern as today. I think OP really expects the same situation as before, maybe a bit excessive when we compare it on your chart, but whatever he wants to expect, we must respect his beliefs, Maybe he was already invested all, and hope it happens again on halving moment.

[Sayeds56]

2008 was the year when the global financial crisis really hit the world, although it started in 2007. Now, Bitcoin is speculated to have been created partially because of a desire to give people an alternative in a situation like that, when everything's failing. But there still hasn't been a major economic crisis to see how it performs under such harsh global economic conditions.
In any case, it doesn't look to me like 2024 will be the year of a big economic global crisis, so I don't think 2024 is 2008. Perhaps the op meant something else, but the post is vague, so I don't know.

Indeed, the global economic meltdown was a major event of 2008, that had its far reaching impacts all over the world. Initially it began with a liquidity crisis in housing market in USA, and led to severe global recession. I agree with your perspective that 2024 is unlikely to resemble 2008 due to improving economic conditions, particularly when Federal Reserve pauses its policy of tightening monetary measures. The economic situation is likely to get better when FED will pause its tight money tightening measures. Furthermore, 2024 is noteworthy as year of Bitcoin halving event, that can potentially trigger Bitcoin price to new all time high.

[martinex]

The economy changed completely after 2008, and what led to the global financial crisis will not lead to it again. The economy has learned how to avoid a similar crisis, and this happened with a series of bank failures that began some time ago during this year. What will be the next crisis. It will inevitably be larger and have a deeper impact than 2008, but it may not be next year. Economic crises are not always good for Bitcoin. In the year 2020, when the year was affected by covid19, Bitcoin was also affected and is now affected by interest rates. Bitcoin follows the same pattern as most economies in the event of disasters, and we have not reached a level where we are independent.

How was bitcoin affected by COVID-19 in 2020 and also interest rates. I don't think bitcoin was affected in 2020, in the beginning of that year was the start of recovery for bitcoin around $7,200 after it dropped in 2019 to around $3,800. Therefore , I would say that 2020 was the build up to the bull run with the halving despite the harsh economic realities occasioned by the COVID-19. Bitcoin didn't get to ATH of $68,789 in November 2021 by magic but it was the rush in the investment on bitcoin after fiat was having the social contact "fears" which led also to online business revolution and work from home.

From historical data, it is true that BTC rose significantly during that period and the movement to its highest figure was certainly influenced by several combinations of factors outside of the pandemic, in this case the very clear rise in institutional interest and increasing mainstream acceptance. Well, is it relevant at this time. certainly not. Many investors are confused about the current market. Miscalculations and entries will of course have an impact on their basic capital.

[virasog]

Like my username we are in 2007 the 2024 year 2008 ..so 2008 started Strong money printing.
Also btc halving next year

So everything calculated

Do you have any sources that suggest that there would be excessive money printing in 2024 also?

I am not denying the bull run here but I see that you are too over excited for the BTC halving and bull run and you may overestimate the targets for the bull run. I think it is better to remain calm and realistic and the effect of money printing may not be instantaneous. Yes, the history does repeat itself but it will be impossible for anyone to predict when it will happen. No one can time the financial market perfectly.

[Sayeds56]

Like my username we are in 2007 the 2024 year 2008 ..so 2008 started Strong money printing.
Also btc halving next year

So everything calculated

Do you have any sources that suggest that there would be excessive money printing in 2024 also?

I am not denying the bull run here but I see that you are too over excited for the BTC halving and bull run and you may overestimate the targets for the bull run. I think it is better to remain calm and realistic and the effect of money printing may not be instantaneous. Yes, the history does repeat itself but it will be impossible for anyone to predict when it will happen. No one can time the financial market perfectly.

You are absolutely right that many individuals are overly enthusiastic about outcome of Bitcoin halving event, and it is there is a real possibility that results of such events might not meet the expectations of many of us. It is important to note that investors typically anticipate  significant increase in Bitcoin price following the halving event, primarily based on its historical performance. Furthermore, Regarding reversal in Federal Reserve (FED) in Money tightening policy, there are several signs that it may happen in the last quarter of 2023 or first quarter of 2024 due to consistent declining trend in consumer price index (CPI) and supporting statements of FED chairman in this regard..

[Husires]

The mortgage crisis happened so suddenly that everyone was surprised by the extent of the banks’ exposure, and yet the economy was able to overcome it. Therefore, if it happened now, we have a generation that lived through the crisis and knew how to deal with it, just as happened with the closures that accompanied Covid-19, the subsequent recession crisis, or currently hyperinflation.
The expected crisis in the economy can be overcome, but things become chaotic when it comes suddenly or unexpectedly.

[karabiber]

Like my username we are in 2007 the 2024 year 2008 ..so 2008 started Strong money printing.
Also btc halving next year




So everything calculated

To say that the market will rise based on cycles alone is simply wrong and if you're basing your predictions on that, you're like a sunken ship. Yes, bulls have triumphed over bears in Bitcoin's halving periods but each cycle has been a different story. Predicting that bull markets will start by printing money is meaningless.

Instead of printing money to fight inflation, governments are looking for ways to withdraw money from the market. I don't want to repeat the mistakes made during the pandemic and i think we need a different story for the 2024 halving period than printing money.

[spectre71]

Well an election is coming up (US) and it's time roll out covid again on the brink of WWIII with Russia (yet another proxy war like Cuba/farc, Vietnam, Afg now Ukraine). China is a wild card. Who knows, play it safe whatever that is now.

Bitcoin is world available but it's tightly linked to the US economy because that's where the money is. Enter the BRICS 11 from stage right and partially give the petro dollar a run? Dunno.

Lots of variables in play me thinks bigger than betting on a halving.

[Etranger]

2008 was the year when the global financial crisis really hit the world, although it started in 2007. Now, Bitcoin is speculated to have been created partially because of a desire to give people an alternative in a situation like that, when everything's failing. But there still hasn't been a major economic crisis to see how it performs under such harsh global economic conditions.
In any case, it doesn't look to me like 2024 will be the year of a big economic global crisis, so I don't think 2024 is 2008. Perhaps the op meant something else, but the post is vague, so I don't know.

I believe we could really face the global crisis next year. I don't know if it would be like it was in 2008, but some similarities can not be denied. We observe again the fall of big banks. The world is disappointed in traditional banking system, it became obvious that even such big players make a lot of mistakes, if not to say cheating on their clients. That is why the world is seeking for something new and innovative.

[Davian144]

Like my username we are in 2007 the 2024 year 2008 ..so 2008 started Strong money printing.
Also btc halving next year

So everything calculated

I don't understand what you are calculating here, as you are a newcomer to this forum so it confused me a bit when you said about the calculation for the years. Although on the other hand I am also waiting for good things in the next year, one of which is about Bitcoin which will be halved, but for 2007 and 2008 it was a year where Bitcoin still had no price even though the introduction of the Bitcoin white paper did indeed happen in that year

[aylabadia05]

Like my username we are in 2007 the 2024 year 2008 ..so 2008 started Strong money printing.
Also btc halving next year

Believe in Bitcoin, let's look at the future with Bitcoin.
Present Bitcoin amid the economic turmoil. The presence is not just present but presents a different and unique financial system.

Believe in the concept of Bitcoin, meaning that we are ready with any year we live life and are ready with every problem of the global economy that will occur.
Life must be optimistic that it is a good principle. In dealing with various economic problems, optimistic attitudes in Bitcoin are also needed.
At least for people like we know the basis of bitcoin as their uses and how it works.

[bitgolden]

The mortgage crisis happened so suddenly that everyone was surprised by the extent of the banks’ exposure, and yet the economy was able to overcome it. Therefore, if it happened now, we have a generation that lived through the crisis and knew how to deal with it, just as happened with the closures that accompanied Covid-19, the subsequent recession crisis, or currently hyperinflation.
The expected crisis in the economy can be overcome, but things become chaotic when it comes suddenly or unexpectedly.

That was definitely something nobody expected, that was the issue. In most cases when crash like that happens, it is mostly because people do not expect it, when there is something that is going wrong in the finance world, if they can prevent it, and know about it, they will do something about it but because we are talking about nothing like that going on at the moment, I think we are going to be fine.

Obviously this isn't some sort of guarantee because it could also mean that we are talking about something that is different and the result could be different as well. But at the same time we may have something like that too, who knows? Since they are so sudden and out of nowhere, I would guess that it could still happen too.

[livingfree]

Like my username we are in 2007 the 2024 year 2008 ..so 2008 started Strong money printing.
Also btc halving next year




So everything calculated

No matter what happens, we're all moving forward and believing that the effect after the halving is always going to be the positive impact for Bitcoin's price.

It's not that calculated at all but anticipated because we've got basis and that's base on the historical events every halving that we're meeting. And it was proven that Bitcoin has managed to survive a lot of crises and remained intact.

[darewaller]

I respect your forecasts and expectations, but if you want to be taken more seriously by the community, you should explain your forecasts and expectations rationally. Economic expectations are shaped by multiple and complex parameters. I do not think it is right to expect the same results based only on a few similarities. Nevertheless, I wish you the best of luck. We all need luck in this chaotic environment...

Trends tend to follow the same pattern by time. sure, certainly not the same as always, but from several moments we have followed from the halving moment, the price always shows the same pattern as today. I think OP really expects the same situation as before, maybe a bit excessive when we compare it on your chart, but whatever he wants to expect, we must respect his beliefs, Maybe he was already invested all, and hope it happens again on halving moment.

I think some trends can occur randomly and there might be trends that can occur in a pattern. One example like you said is when we are close to the halving event or after it. The explanation with that might be is halving event occurs in a designated time or date and then people always have the impression that the coin that will have a halving will increase dramatically so they are now buying more of that same coin.

If it's Bitcoin, they can also buy other cryptos because BTC movements can affect them. Even though we are confident, I think it's better to stay within our limits. This is what has been taught to us before we invest, trade, gamble, or do any other activities that has a risks on them.

[BIT-BENDER]

it is not a fact or must that every having will trigger a bull run with, so this should not drive you into investing more than you can afford to lose, which remains the number one rule in Bitcoin and cryptocurrency investment .

I have always preached this that the halving of Bitcoin is not last piece in the puzzle before the bull run, although in the past the Bitcoin halving has brought about the Bitcoin bull run and personally I want that to be so, but saving up Bitcoin for years all because of the next Bitcoin halving should not be your point of interests, if you trust Bitcoin halving so much I think you should trust it as a financial system too .

[Gyfts]

...

Interesting chart. I recall some economists with in 2008-2009 stating that QE was going to be disastrously bad policy that would eventually lead to hyperinflation. The immediate effect the U.S. economy received was a bit of liquidity, and the inflation concerns didn't actually come to fruition after the second and even third round of QE. Hyperinflation was a bit hyperbolic, though their concerns were not unfounded.

I do think the fed playing around with its liability sheet will eventually cause inflation and probably send the global economy into a ditch along with it. Best course of action was to stay out of  a disaster the U.S. congress caused in 2008 through subprime mortgages.

[Fortify]

Like my username we are in 2007 the 2024 year 2008 ..so 2008 started Strong money printing.
Also btc halving next year

So everything calculated

It definitely feels like we're in some sort of calm before the storm. We're starting to see problems emerge in economies like China, so maybe it will be Asia's turn to have a deep recession and the rest of the world might be able to get away with it a bit more lightly. China is having huge problems with their property companies, which were effectively retirement savings for many people, so it could cause difficulties that ripple throughout their society. The fact that certain countries have raised interest rates will mean they have a different lever to pull on before resorting to money printing. They can notch the interest rates back down and free up money to mortgage holders/renters if things get difficult.

[Mauser]

Like my username we are in 2007 the 2024 year 2008 ..so 2008 started Strong money printing.
Also btc halving next year

No way that we are going back to a low interest rate environment next year already. Sure the government would love to print more money and not worry about debt levels, but inflation has been a huge problem last year. Both the FED and the ECB both stated that they are more concerned with inflation than with the economy itself. Which means they will keep interest rates high to contain inflation at the risk of facing a recession. A hard landing of the economy next year seems unavoidable and the major concern would be stagflation, high inflation without growth. Debt levels are already very high in most countries and now with high interest payments for all newly issued debt it's going to be hard for politicians to justify printing any new money. The halving next year is going to be a good event for all the crypto holders and will move prices up again.

[Unbunplease]

No way that we are going back to a low interest rate environment next year already. Sure the government would love to print more money and not worry about debt levels, but inflation has been a huge problem last year. Both the FED and the ECB both stated that they are more concerned with inflation than with the economy itself. Which means they will keep interest rates high to contain inflation at the risk of facing a recession. A hard landing of the economy next year seems unavoidable and the major concern would be stagflation, high inflation without growth. Debt levels are already very high in most countries and now with high interest payments for all newly issued debt it's going to be hard for politicians to justify printing any new money. The halving next year is going to be a good event for all the crypto holders and will move prices up again.

I wouldn't argue that next year will be a "hard landing" or recession or anything like that. I would wager that the printing press will be back on. In fact, maybe the printing press has only officially stopped, but not actually. No one can realistically count the amount of fiat in circulation