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Author Topic: Key Accelerators to bitcoin bull market  (Read 316 times)
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September 12, 2023, 04:42:44 PM
Merited by Zlantann (1)
 #1

Bitcoin has grown massively since its existence and as cut across the bull markets as well which has made it a favourable economic conditions where  the market experience consistent growth by rising. And has resulted to the rise in prices in the bull market.

Key Accelerators that characterise the Bitcoin  bull markets are:

*Halving
*Education
*Devaluation/inflation of fiat money
*Spot ETF
*Regulations
*US presidential elections
*Institutional adoption
*Utility/Utilisation of Bitcoin

1.HALVING: it's a period  where investors,earners and miners of Bitcoin  get their rewards  for mining being shared or cut into halves.and this procesd takes place during every four years, so when this is done the market prices for Bitcoin rises and reduce inflation.

2.EDUCATION: Education  is versatile "if your not informed you are deformed".
Saw a video of miss bitcoin,educating her kids on bitcoin .so enlightenment and educating on bitcoin will lead to the adoption of utility.

3.DEVALUATION/INFLATION OF FIAT MONEY:inflation the general increase or rise in goods and services has caused the fall of bitcoin prices.and then the increase in money supply will devaluate the currency that is more money in circulation should be controlled  as it promoted bull markets because small increase caused by inflation will encourage people to spend more of their money rather than investing or saving it.

4.SPOT ETF: In the next 12-14 months would cause  a rapid effect prior to the bull market  bringing in both large and small  investors  leading to high demands causing a rapid hike in price. It's  good thing  for wherever segments yo get into Bitcoin.

5.REGULATIONS: Favourable regulations that supports Bitcoin fairly should be accepted, yes the crowd and the  people finds the control/power of the government tiring, but then this would be a good  push.
United States  should make Good regulations, for  they are far behind unlike Europeans who are doing better at this.

6.US/ARGENTINE  PRESIDENTIAL ELECTION: They might be out for themselves but what they do with bitcoin politically during campaigns and after campaigns can cause increase  since they are positive new bitcoin supporters.

7.INSTITUTIONAL ADOPTION: Seeing top financial boys like Blackrock,Finetech and fidelity  in bitcoin will sure lead to investors keeping billions of dollars aside to invest in Bitcoin.
Also ETF from financial goals like Blackrock,fidelity and others is definitely a good  thing for bitcoin adoption that could lead to increase in price. Which is a good thing for those accumulating these Satoshi's for years now.

8.UTILITY/UTILISATION OF BITCOIN: Having bitcoin in your wallets does not necessarily guarantee  you ownership or having it in your wallet  is not about holding it,it is your daily usage of it that matters.that is your day to day Utilisation  of it is also good  and that will generate  its increase.
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September 12, 2023, 05:19:36 PM
Merited by snowpega (1)
 #2

You have mentioned some good and main factors here, and these almost are all the factors that are driving more traffic/adoption toward BTC. Many big platforms are endorsing BTC well at least trying to leverage the BTC technology but in the end they say they are trying their best to make things perfect for people so they can use BTC (talking about PayPal's interview). But still, the key factor is the halving. According to my short knowledge ( Cheesy ) after halving there comes bull run first and then bear run comes.

But still, the other factors, like ETFs, institutional adoption, Utilization of BTC, etc. will work as a fuel that will boost the engine of BTC rocket to the moon. And BTC might perform more than our expectations just because of these factors.

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September 12, 2023, 06:31:19 PM
 #3

Key Accelerators that characterise the Bitcoin  bull markets are:

*Halving
*Education
*Devaluation/inflation of fiat money
*Spot ETF
*Regulations
*US presidential elections
*Institutional adoption
*Utility/Utilisation of Bitcoin

Some of the features you discussed are important to the Bitcoin ecosystem and not just for the bull run. For a newbie to come up with these points shows that you are gradually understanding the sector. Bitcoin halving, Spot ETF,  and advantageous regulation might be some of the factors that will affect the bull run next but other factors are long-term accelerators of Bitcoin adoption. If the application of BlackRock, Wisdom Tree, Invesco Galaxy, and others is approved, it might help in making the bull run a memorable one. I also agree that encouraging regulations, especially in the US can also contribute to the bull run.

But the US election is slated for November next year, so it might have little or no effect on the predicted bull run. Bitcoin education is a gradual process that might not impact the bull run next year. People turning to Bitcoin as a hedge against inflation will slightly affect the bull run because people have other alternatives.

R


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September 12, 2023, 06:50:42 PM
 #4

When the fundamental holders of Bitcoin start to get back strong, such as more Institutional adoption perspective which could happen as a result of getting the first-ever spot ETF on a scarce commodity as "Bitcoin" approved,  giving the institutional investors confidence to start converting or allocating some percentage of their wealth sitting there in, Gold, Bonds, real estate and stocks into BTC, hence bringing more money to melt into Bitcoin, it gonna be a blast.

R


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September 12, 2023, 06:56:19 PM
 #5

6.US/ARGENTINE  PRESIDENTIAL ELECTION: They might be out for themselves but what they do with bitcoin politically during campaigns and after campaigns can cause increase  since they are positive new bitcoin supporters.
I think that there is not that much change and movement with this factor for the price of Bitcoin. Or you can just come up together with this and the regulations. The effect that goes more with the regulations set by the government is more impactful. But since it's an election, words of the president or a candidate can also have some impact but at least for just that day until the promise will really be implemented and put into a law.
I remember that there's this US president candidate that has expressed his thoughts about Bitcoin and he's a supporter but he didn't win.
IIRC, that was Yang. We want someone like him in the government for more favorable laws about Bitcoin. But, if we're going to analyze the situation, at the end of it they are still politicians that makes promises just to get people's vote.

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September 12, 2023, 07:12:49 PM
 #6


1.HALVING: it's a period  where investors,earners and miners of Bitcoin  get their rewards  for mining being shared or cut into halves.and this procesd takes place during every four years, so when this is done the market prices for Bitcoin rises and reduce inflation.


I'm pretty sure that halving is the only indicator that can accelerate the bull market. In fact almost every time bull market starts after halving and it gets intense after few month to a year of halving. I believe that this factor plays the most important role in bull market.


2.EDUCATION: Education  is versatile "if your not informed you are deformed".
Saw a video of miss bitcoin,educating her kids on bitcoin .so enlightenment and educating on bitcoin will lead to the adoption of utility.


Education about Bitcoin is necessary but it doesn't play any role in boosting up the bull market. With proper education about Bitcoin one can protect his/her Bitcoin from hackers and can invest in it securely.



7.INSTITUTIONAL ADOPTION: Seeing top financial boys like Blackrock,Finetech and fidelity  in bitcoin will sure lead to investors keeping billions of dollars aside to invest in Bitcoin.
Also ETF from financial goals like Blackrock,fidelity and others is definitely a good  thing for bitcoin adoption that could lead to increase in price. Which is a good thing for those accumulating these Satoshi's for years now.

Yes, those type of ETF's from the top companies may increase the adoption of Bitcoin and we may see new investors in the world of Bitcoin due to those companies. But, still the top investors will only invest in Bitcoin if they like the idea of decentralization and other features of Bitcoin.

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September 12, 2023, 08:08:11 PM
 #7

When the fundamental holders of Bitcoin start to get back strong, such as more Institutional adoption perspective which could happen as a result of getting the first-ever spot ETF on a scarce commodity as "Bitcoin" approved,  giving the institutional investors confidence to start converting or allocating some percentage of their wealth sitting there in, Gold, Bonds, real estate and stocks into BTC, hence bringing more money to melt into Bitcoin, it gonna be a blast.

When most people are cheering about institutional investors being on board, I am sensing a potential danger in it.

One of the core principles of bitcoin is decentralization, and this can be significantly reduced by those institutional entities. One or a few of them can control a large chunk of the circulating supply and influence the market. These institutional entities often go for short-term profits so they can make the bitcoin marketplace more volatile rather than let it grow as a long-term store of value. Another alarming point is what happens if one of these big companies fails to operate and has a big bag of bitcoin. This will be impactful for the market. Even there can be a shift in narrative as well. Bitcoin is highly known for its decentralized global currency, but heavy institutional involvement could shift this, with bitcoin being seen more as an institutional asset than a currency for people.

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September 12, 2023, 09:45:32 PM
 #8

You have mentioned some good and main factors here, and these almost are all the factors that are driving more traffic/adoption toward BTC. Many big platforms are endorsing BTC well at least trying to leverage the BTC technology but in the end they say they are trying their best to make things perfect for people so they can use BTC (talking about PayPal's interview). But still, the key factor is the halving. According to my short knowledge ( Cheesy ) after halving there comes bull run first and then bear run comes.

But still, the other factors, like ETFs, institutional adoption, Utilization of BTC, etc. will work as a fuel that will boost the engine of BTC rocket to the moon. And BTC might perform more than our expectations just because of these factors.

Those factors have in one way or another contribution to the market performance of BTC.
We can't single out any of these factors that will only influence the BTC movement.
They are important in the growth of BTC in the market, so we can consider such factors as integral part of BTC development.
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September 12, 2023, 10:53:56 PM
 #9

I'd take inflation out of this. Bitcoin and USD aren't connected in any way whatso-ever, let alone any other currency in the outside market. To think that your currency has become more valuable cause everything is now in the gutter is a little skewed in my opinion. Just because the USD or any other reference currency for that matter is at the lower end of the spectrum when compared to bitcoin (keyword: compared) doesn't necessarily equate to a gain in bitcoin's end. All the world could burn and the USD could collapse but if bitcoin doesn't increase in intrinsic valuation, it's not going to increase in value no matter how hard you try. Everything else is good, just had qualms with that part lol.
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September 13, 2023, 12:01:07 AM
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1.HALVING: it's a period  where investors,earners and miners of Bitcoin  get their rewards  for mining being shared or cut into halves.and this procesd takes place during every four years, so when this is done the market prices for Bitcoin rises and reduce inflation.

I'm pretty sure that halving is the only indicator that can accelerate the bull market. In fact almost every time bull market starts after halving and it gets intense after few month to a year of halving. I believe that this factor plays the most important role in bull market.

I think you're underestimating other very important factors. What's halving, after all, if the people don't even know about Bitcoin? In this sense, Bitcoin awareness or education is more vital.

Also, should we not consider the terrible flaws and failure of fiat? Does it not add to the bullish sentiment of the Bitcoin market that inflation in some countries is out of control and that people are looking for ways to preserve their wealth?

How about institutional adoption? Would you not count the huge amount of money that is in the hands of giant international financial institutions, for example, in the acceleration of the bull market?

All I'm saying is that halving is not "the only indicator that can accelerate the bull market."

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September 13, 2023, 12:42:57 AM
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I think you're underestimating other very important factors. What's halving, after all, if the people don't even know about Bitcoin? In this sense, Bitcoin awareness or education is more vital.
Education on Bitcoin is available and halving has its impacts to bring more people to Bitcoin, free courses& resources to learn about it.

More people exposed to it, more people will become Bitcoiners. It is biggest impacts from Bitcoin halvings and more people join means bigger demand while we know supply is the same, if not say it becomes less with time when more bitcoin lost.

That explains very sustainable growth of Bitcoin price year by year and its price does not dump after each halving pump like altcoins.

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September 13, 2023, 01:41:45 PM
 #12

5.REGULATIONS: Favourable regulations that supports Bitcoin fairly should be accepted, yes the crowd and the  people finds the control/power of the government tiring, but then this would be a good  push.
United States  should make Good regulations, for  they are far behind unlike Europeans who are doing better at this.
Realistically these regulations have always ended up meaning more restrictions and KYC and they harm adoption more than they can help it. After all governments look for more control, specially those addicted to power and surveillance.

Quote
6.US/ARGENTINE  PRESIDENTIAL ELECTION: They might be out for themselves but what they do with bitcoin politically during campaigns and after campaigns can cause increase  since they are positive new bitcoin supporters.
It's effects are negligible. We had the last US Election where people thought the same way specially since some people were hyping it up back then and it had no effects on the market whatsoever.

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September 13, 2023, 05:48:43 PM
 #13

Yeah, while all those factors contribute to the bull market, demand and a high adoption of Bitcoin can also contribute to a bull movement in price. When there are a lot of people who are holding and only a few people selling, and the number of people buying outweighs those that are selling, it will definitely cause the price of Bitcoin to become bullish. If some big institutions or countries announce their wide adoption of Bitcoin, it will also cause the price of Bitcoin to spike. Usually, during war and pandemics, the price of assets plunges, but if there is no ugly incident like that, it also has a role to play in contributing to a strong movement in the Bitcoin market.

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September 13, 2023, 07:42:32 PM
 #14

Bitcoin has grown massively since its existence and as cut across the bull markets as well which has made it a favourable economic conditions where  the market experience consistent growth by rising. And has resulted to the rise in prices in the bull market.

Key Accelerators that characterise the Bitcoin  bull markets are:

*Halving
*Education
*Devaluation/inflation of fiat money
*Spot ETF
*Regulations
*US presidential elections
*Institutional adoption
*Utility/Utilisation of Bitcoin

1.HALVING: it's a period  where investors,earners and miners of Bitcoin  get their rewards  for mining being shared or cut into halves.and this procesd takes place during every four years, so when this is done the market prices for Bitcoin rises and reduce inflation.

2.EDUCATION: Education  is versatile "if your not informed you are deformed".
Saw a video of miss bitcoin,educating her kids on bitcoin .so enlightenment and educating on bitcoin will lead to the adoption of utility.

3.DEVALUATION/INFLATION OF FIAT MONEY:inflation the general increase or rise in goods and services has caused the fall of bitcoin prices.and then the increase in money supply will devaluate the currency that is more money in circulation should be controlled  as it promoted bull markets because small increase caused by inflation will encourage people to spend more of their money rather than investing or saving it.

4.SPOT ETF: In the next 12-14 months would cause  a rapid effect prior to the bull market  bringing in both large and small  investors  leading to high demands causing a rapid hike in price. It's  good thing  for wherever segments yo get into Bitcoin.

5.REGULATIONS: Favourable regulations that supports Bitcoin fairly should be accepted, yes the crowd and the  people finds the control/power of the government tiring, but then this would be a good  push.
United States  should make Good regulations, for  they are far behind unlike Europeans who are doing better at this.

6.US/ARGENTINE  PRESIDENTIAL ELECTION: They might be out for themselves but what they do with bitcoin politically during campaigns and after campaigns can cause increase  since they are positive new bitcoin supporters.

7.INSTITUTIONAL ADOPTION: Seeing top financial boys like Blackrock,Finetech and fidelity  in bitcoin will sure lead to investors keeping billions of dollars aside to invest in Bitcoin.
Also ETF from financial goals like Blackrock,fidelity and others is definitely a good  thing for bitcoin adoption that could lead to increase in price. Which is a good thing for those accumulating these Satoshi's for years now.

8.UTILITY/UTILISATION OF BITCOIN: Having bitcoin in your wallets does not necessarily guarantee  you ownership or having it in your wallet  is not about holding it,it is your daily usage of it that matters.that is your day to day Utilisation  of it is also good  and that will generate  its increase.

There are surely some banks and other financial organisatons that support BTC development, and regulate price of BTC with their fiat assets, since BTC is a large testnet, testing global-scale fintech solutions, some of which can be useful for fiat banks (blockchain, cryptography, decentralisation). Also, mining industry is one of the key factors contributing to the price of BTC, since it is the hardware and software, which all the cryptocurrency system is based on. The development, maintenance and technical support of mining facilities make all the crypto industry fiat-dependent, thus affecting btc price.

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September 14, 2023, 06:48:36 AM
 #15

Quote
*Halving
*Education
*Devaluation/inflation of fiat money
*Spot ETF
*Regulations
*US presidential elections
*Institutional adoption
*Utility/Utilisation of Bitcoin

The US presidential elections are definitely not a factor in the future BTC bull market.
Donald Trump has already stated, that Bitcoin is "made out of thin air" and that he doesn't support crypto. The Biden administration isn't very Bitcoin/crypto-friendly as well. The presidential elections in Argentina would have a positive impact over the BTC price only if the pro-Bitcoin candidate wins.
The impact would be the same as when El Salvador declared Bitcoin a legal tender.
I don't think that crypto education is a bullish factor. Some people might get some knowledge about Bitcoin and blockchain technology, but that doesn't necessarily mean that they will buy large amounts of BTC.

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September 14, 2023, 09:25:10 AM
 #16

The causes of Bitcoin's bull markets were examined in detail. I appreciate your effort. It's important to be explicit and honest while discussing such issues, especially in a professional manner. Inflation and fiat monetary value loss may affect Bitcoin differently. Bitcoin may attract investors due to inflation, but it's a double-edged sword. Bitcoin growth may decrease due to economic instability caused by high inflation.

The US regulates poorly compared to some European countries, but regulatory choices can go either way. They can aid or hinder growth

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September 14, 2023, 09:33:10 AM
 #17



Right now, the market seems to be more excited with the possibility of a BTC-ETF approval by SEC especially the one filed by BlackRock which is financially a very influential entity most especially in the American economy. Though we have to understand that SEC is really doing things inorder to at least delay such approval - in furtherance of its role as a big enemy of the cryptocurrency industry as a whole. Come 2024, we can surely see where this thing is headed.

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September 14, 2023, 09:42:12 AM
 #18

Well, so far the utilization is for profit making only. Most financial institutes have taken Bitcoin literally as a way to earn more profits with their brokerage firms. Some of them are ahead of that making a bitcoin bank where they accept every commercial business from a Bitcoin background. This has made the business grow under the roof of bitcoin trades.

Going beyond this, Bitcoin is now included in traditional exchangers like Forex, etoro, and other privately owned firms stating the purpose of making money only. I think everything makes sense because they are adopting bitcoin as a means of sending money here and there seems to be getting #2 acceptance.

By the way, I hardly think that the US presidential election has anything to do with Bitcoin. Not so far as they are only putting it in negative ways.
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September 14, 2023, 10:36:07 AM
 #19

Well, so far the utilization is for profit making only. Most financial institutes have taken Bitcoin literally as a way to earn more profits with their brokerage firms. Some of them are ahead of that making a bitcoin bank where they accept every commercial business from a Bitcoin background. This has made the business grow under the roof of bitcoin trades.
In financial area, you spend money for profit incentive mostly and as a financial company, they have to use their money to get profit for themselves and if it is on behalf of customers, it is to gain profit for customers too.

We have a Bitcoin decentralized network, a public ledger and transactions on it won't be censored by anyone. It is a public Bitcoin bank for everyone to use for storage and transact money through bitcoins. We don't need a commercial bank that is centralized in hands of their founders, core members and under regulations of government, central bank to provide such services.

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September 14, 2023, 10:37:17 AM
 #20

And it just goes to show that btc after more than a decade of existence is mostly used as a profit-making asset rather than actual utilization on a day-to-day basis.
Why do all these factors need to reflect on the price every 3 to 4 years and not happen within a short-term period (a year)? I can understand btc halving will take that long to occur but what about the rest?
 
Education, Institutional adoption, Utility/Utilisation of Bitcoin, and Regulations are among the key factors that shape up the btc existence and can also accelerate adoption which will increase the demand organically without needing to wait every 4 years for a bull market for a significant price increase. But most btc investors only focus on the profit-making aspect, hoding btc to infinity for good profit, and in the end, I don't see what role these aforementioned key accelerators play when it is all a big vicious circle

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.PLAY2EARN.RUNNER.GAME.
||VIRAL
REF.SYSTEM
GAME
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