Will there be a boom again?

[Vaskiy]

As you are an old person from long time ago you have good knowledge about this forum with bitcoins, you will invest accordingly. The best advice I can give you from my experience coming to this forum is to invest in bitcoin and avoid investing in altcoin. It would be better to buy bitcoins for the future with the money you have left in your savings from the money you earn now. Moreover, if you invest in Bitcoin it will never be risky but safe, and you can earn good income from it in the future. And if you invest in Altcoin, it definitely has enough risk and not so safe for your money, that's why you should avoid investing in Altcoin. So I will advise you to avoid altcoin investment and invest in bitcoin as your money is safe and profitable in it.

In terms of risk, it is quite clear that this is always greater for altcoins than for Bitcoin, so your suggestion is not wrong if the direction is to invest in Bitcoin with the remaining money that someone has saved from the money he earned through his hard work. Because from what has been seen, Bitcoin can always provide good profits and returns to everyone who wants to invest in it and today the price of Bitcoin itself has almost touched $27K, so some people who once bought at $25K may have started to smile a little today.

The price of bitcoin have crossed $27k and we can expect this slow and stabilized market progress to take place for longer time period. With every investment there is risk, cryptocurrency is not an exception. With altcoins the risk is higher than bitcoin. As we've got the halving scheduled for the upcoming year, we cannot expect good rise over the weeks/months. The rise usually happen close to the days of halving or once after the halving is over.

[michellee]

As you are an old person from long time ago you have good knowledge about this forum with bitcoins, you will invest accordingly. The best advice I can give you from my experience coming to this forum is to invest in bitcoin and avoid investing in altcoin. It would be better to buy bitcoins for the future with the money you have left in your savings from the money you earn now. Moreover, if you invest in Bitcoin it will never be risky but safe, and you can earn good income from it in the future. And if you invest in Altcoin, it definitely has enough risk and not so safe for your money, that's why you should avoid investing in Altcoin. So I will advise you to avoid altcoin investment and invest in bitcoin as your money is safe and profitable in it.

In terms of risk, it is quite clear that this is always greater for altcoins than for Bitcoin, so your suggestion is not wrong if the direction is to invest in Bitcoin with the remaining money that someone has saved from the money he earned through his hard work. Because from what has been seen, Bitcoin can always provide good profits and returns to everyone who wants to invest in it and today the price of Bitcoin itself has almost touched $27K, so some people who once bought at $25K may have started to smile a little today.

The price of bitcoin have crossed $27k and we can expect this slow and stabilized market progress to take place for longer time period. With every investment there is risk, cryptocurrency is not an exception. With altcoins the risk is higher than bitcoin. As we've got the halving scheduled for the upcoming year, we cannot expect good rise over the weeks/months. The rise usually happen close to the days of halving or once after the halving is over.

Yes, the price of Bitcoin has finally reached the $27k level for now and is still holding there. At least this is encouraging for those of us who haven't seen a significant increase in several days. There is a possibility that Bitcoin prices will rise even higher, especially since the market is now at the beginning of the week when there is usually an increase.

But that doesn't guarantee that Bitcoin prices can rise high because if there is negative news, it can affect the price and it will decline again. Those who have bought Bitcoin at prices below $27k certainly smile at the temporary profits they can take, especially for those who trade in the future, because they can already see the size of the profits they can take.

And we all still hope there will be another boom and the price will rise even higher before long. So prepare your investment, whether it's Bitcoin or altcoins, but you should focus on investing in Bitcoin.

[Sexylizzy2813]

Of late the price of Bitcoin has been going back up with it's current price at $26k (wonder why it didn't stay at $27k till this morning 🤔) and to me I see it as a possible step for something big to come, maybe before the end of this month, who knows this month might be better than last month.
With how the price has changed its shape of letting go of $25k for almost 3 weeks now I believe it might give us that screamer of hitting $30k in the next 2 weeks, but we should just keep our fingers crossed because it can still go back to $25k which is not healthy in the market.

[The Sceptical Chymist]

I had to let out a big sigh when I read OP's story there, because bitcoin had been on my radar even earlier--and I failed to hold the btc that I purchased at what now seems like a ridiculously low price.  If I were to keep looking back at 2015-17, I'd likely jump off the highest building that had an elevator with a straight shot to the roof.

Alas, hindsight is 20/20 and we all know this (or should).  But yeah, there's going to be another boom, no question.  Cryptocurrency is a market just like any other, and since there have already been several boom/bust cycles it only makes sense that the market for bitcoin is going to be a cyclical one just like the stock market.  Plus it's not like it's only for tech geeks anymore like it was in the very early days; institutional investors have gotten into the game, and that pretty much guarantees there are going to be raging bull markets and withering bear markets.

I couldn't tell you if $26,XXX is cheap for bitcoin right now, but since it's already been almost 3 times that price....it might just be a good buy right now.  At the very least, I probably wouldn't sell lest my and OP's regrets come true for anybody who's holding BTC.  Don't be a Sceptical Chymist!

[beerlover]

The price of bitcoin have crossed $27k and we can expect this slow and stabilized market progress to take place for longer time period. With every investment there is risk, cryptocurrency is not an exception. With altcoins the risk is higher than bitcoin. As we've got the halving scheduled for the upcoming year, we cannot expect good rise over the weeks/months. The rise usually happen close to the days of halving or once after the halving is over.

Yes, the price of Bitcoin has finally reached the $27k level for now and is still holding there. At least this is encouraging for those of us who haven't seen a significant increase in several days. There is a possibility that Bitcoin prices will rise even higher, especially since the market is now at the beginning of the week when there is usually an increase.

But that doesn't guarantee that Bitcoin prices can rise high because if there is negative news, it can affect the price and it will decline again. Those who have bought Bitcoin at prices below $27k certainly smile at the temporary profits they can take, especially for those who trade in the future, because they can already see the size of the profits they can take.

And we all still hope there will be another boom and the price will rise even higher before long. So prepare your investment, whether it's Bitcoin or altcoins, but you should focus on investing in Bitcoin.

It's important that we are going to end up with something that will be a lot higher and we are at the early stages of that. Many people can't see that at this point and I understand that it may not feel that great but I do believe that it is going to be easy to see it happen.

We need to end up with something that will make sure that life is better and things are better and we will end up with a greater return with that big boom. Not that important if they can't see it today, they will end up joining eventually anyway and it will be a great period without a doubt. Maybe they will be a bit later to the party but they will come in as well which is the only thing that matters on the long term, as long as they join, when they do doesn't matter.

[DVlog]

I couldn't tell you if $26,XXX is cheap for bitcoin right now, but since it's already been almost 3 times that price....it might just be a good buy right now.  At the very least, I probably wouldn't sell lest my and OP's regrets come true for anybody who's holding BTC.  Don't be a Sceptical Chymist!

We are at the very last cycle of the bear market and it is not discretion to sell BTC after this long period of bear market. BTC hold 26k mark for 3 times that means there is a strong support there. If this support broken the logical option will be to accumulate more to lower your average because price won't stay there for long. In the coming month the feasible scenario could be a small correction and a quick bounce back to its previous price.

[Fatunad]

As you are an old person from long time ago you have good knowledge about this forum with bitcoins, you will invest accordingly. The best advice I can give you from my experience coming to this forum is to invest in bitcoin and avoid investing in altcoin. It would be better to buy bitcoins for the future with the money you have left in your savings from the money you earn now. Moreover, if you invest in Bitcoin it will never be risky but safe, and you can earn good income from it in the future. And if you invest in Altcoin, it definitely has enough risk and not so safe for your money, that's why you should avoid investing in Altcoin. So I will advise you to avoid altcoin investment and invest in bitcoin as your money is safe and profitable in it.

In terms of risk, it is quite clear that this is always greater for altcoins than for Bitcoin, so your suggestion is not wrong if the direction is to invest in Bitcoin with the remaining money that someone has saved from the money he earned through his hard work. Because from what has been seen, Bitcoin can always provide good profits and returns to everyone who wants to invest in it and today the price of Bitcoin itself has almost touched $27K, so some people who once bought at $25K may have started to smile a little today.

The price of bitcoin have crossed $27k and we can expect this slow and stabilized market progress to take place for longer time period. With every investment there is risk, cryptocurrency is not an exception. With altcoins the risk is higher than bitcoin. As we've got the halving scheduled for the upcoming year, we cannot expect good rise over the weeks/months. The rise usually happen close to the days of halving or once after the halving is over.

Yes, the price of Bitcoin has finally reached the $27k level for now and is still holding there. At least this is encouraging for those of us who haven't seen a significant increase in several days. There is a possibility that Bitcoin prices will rise even higher, especially since the market is now at the beginning of the week when there is usually an increase.

But that doesn't guarantee that Bitcoin prices can rise high because if there is negative news, it can affect the price and it will decline again. Those who have bought Bitcoin at prices below $27k certainly smile at the temporary profits they can take, especially for those who trade in the future, because they can already see the size of the profits they can take.

And we all still hope there will be another boom and the price will rise even higher before long. So prepare your investment, whether it's Bitcoin or altcoins, but you should focus on investing in Bitcoin.

We cant call a market if we dont see these things;

1. Bear trend
2. Consolidation/Sideways trend
3. Bullish trend

Market cant really just go move on one path on which it would really be impossible that it would really be heading just a single way.It do really just turn out that we do really have that called
market cycle on which it would really be just so normal that there are really years which we would be moving sideways and there are times that we are on the ground or crashing moment.
This would really be stirring up peoples mind and would really be affecting their emotions on which it would really be causing that sudden change of their decisions in regarding on their trades or investment.
This market would really be requiring that kind of patience and discipline for you to sustain because if you dont have this quality then for sure you wont really be
able to sustain this market or this isnt really for you but well we cant really be able to know the results or outcomes if you dont really try or risks it out.

[Natalim]

Of late the price of Bitcoin has been going back up with it's current price at $26k (wonder why it didn't stay at $27k till this morning 🤔) and to me I see it as a possible step for something big to come, maybe before the end of this month, who knows this month might be better than last month.
With how the price has changed its shape of letting go of $25k for almost 3 weeks now I believe it might give us that screamer of hitting $30k in the next 2 weeks, but we should just keep our fingers crossed because it can still go back to $25k which is not healthy in the market.

I'm doubtful if it can show big changes in the next 2 weeks but still hopeful that someday we will be able to see Bitcoin reaching back to $30k again. But for now, it was still on the test side to all holders where patience was needed to the extent but if we are a weak person, I could imagine that they are now thinking about selling.
In the current situation, instead of thinking negatively, we'd rather think about buying more while it was cheap as sooner or later, a bullish price will come next.

[Onyeeze]

If you want to invest in cryptocurrency I will like you invest in bitcoin not any other coins, what I believe in bitcoin because its already have a stand and I believe the stand of bitcoin will remain, so therefore bitcoin is better than any altcoins that doesn't have a value and on the way of holding your altcoins it can be valueless in the market and nobody will be ready to buy again, so what I'm telling you right now is that Bitcoin is the greatest among others coins

[STT]

Wound spring under the 50 day average seems like today, checking this as if its resistance when its not especially suggests we move till we find something solid in volume to bounce off and react with.  200 day moving average also in this area except that is a measure still rising thanks to majority of this year being positive overall.
   4hr bars suggests we are positive though sometimes sideways, the gait is positive lean upwards.   I suggest 26751 for a near term target low to maintain as support in order that this trend retains its momentum as its kept so far.  Also I would compare this last week to the end of August when we had that spike up that completely reversed, the idea of a boom is we arent merely repeating or an echo of past energy imo.

[TelolettOm]

In 2016 when I was a kid, this coin got in stuck in my mind but absolutely everyone around me was telling me to forget it, it's scam, it's online shit, I shouldn't study it and should move on something else and finally ended up working hard absolutely every day for years to migrate in Canada to learn in university and pay high tution fees.

In 2016, are you a kid or a teenager?  
I think a kid will never think about an investment, cryptos, or digital assets. But if you were a teenager, it can a bit make sense.
Anyway, where do you know about Bitcoin or crypto? Is it from your family members, friends, or your neighborhood? I'm surprised that a kid can know such thing like crypto or Bitcoin.

Finally, I finished the university and gained PR but the money that I have spent in all of these makes me cry every day. If it weren't my parents, I would invest in bitcoin in 2016-2017, I would be a millionaire today. I totally missed 2020's boom because of my situation but now is the time in my life where I stand on my feet, not strongly but I stand and manage to live and save some money.

You don't need to blame yourself or other people. It is very understandable if you couldn't invest in 2016, you are still a kid, right? Where you got the money to invest in? And you probably don't have enough knowledge about crypto/Bitcoin investment at that time. If you don't have enough knowledge and have strong mentality, you won't have a power to hold it for a long time.

As we all know, halving is coming. Should I invest my savings in Bitcoin? Or should I lean towards altcoins this time? Which one? I don't have health problems and don't have to worry about job security but it would make me sad to lose all the savings but life in Canada is getting expensive every fucking day.

It depends on you, dude. If you are optimistic about Bitcoin future, it is surely the right time to buy Bitcoin. It is true that we are heading the bullish season, it probably happens in 2024-2025. However, there is no guarantee about how far Bitcoin to raise. It is all about speculation although the price history showed that Bitcoin always created a new ATH every bullrun season.

[Sexylizzy2813]

Of late the price of Bitcoin has been going back up with it's current price at $26k (wonder why it didn't stay at $27k till this morning 🤔) and to me I see it as a possible step for something big to come, maybe before the end of this month, who knows this month might be better than last month.
With how the price has changed its shape of letting go of $25k for almost 3 weeks now I believe it might give us that screamer of hitting $30k in the next 2 weeks, but we should just keep our fingers crossed because it can still go back to $25k which is not healthy in the market.

I'm doubtful if it can show big changes in the next 2 weeks but still hopeful that someday we will be able to see Bitcoin reaching back to $30k again. But for now, it was still on the test side to all holders where patience was needed to the extent but if we are a weak person, I could imagine that they are now thinking about selling.
In the current situation, instead of thinking negatively, we'd rather think about buying more while it was cheap as sooner or later, a bullish price will come next.

$30k has always been the target for some investors which I believe before the year runs out it will come to pass and even more than $30k in the nearest future.
To me at this point I won't advise anyone to sell, the damage has already been done, I mean the fall of Bitcoin price and if you hold forget about the bullish price and some believe it will happen come next year, I'd just say focus on what the market will bring next this year.
And with what I'm seeing I just have that feeling that investors might start smiling anytime soon.

[Odohu]

Yeah It's always a question of when but for sure there will another bull running for crypto. This isn't going to be a 'stuck market', we all know it's been volatile. It reached a very impossible all time high back then, not mentioning how many economists said that it won't reach above 20K LOL. But then again we have so called factors to call in the market, crypto has never been as huge as we have it now, so taking another step would take time. If you only wait for the ride, then that won't be very easy you might need your money for personal purposes so I suggest trading crypto with reserves so you'll have rounds when we launch to the MARS.  

Well even though we cannot precisely know when but there are enough historic data to give us a time rage when huge rise in price is expected. Just like everything else, history have always repeated itself for Bitcoin and I don't see it changing, going forward. If you have been paying attention, you will notice that events and activities are already indicating that we will have a huge price action in coming weeks or months. Looking at the charts, the prolonged consolidation is also another indicator. However, it is not clear if there will be further dips before the anticipated bull run, but ours is to keep open mind and prepare for any scenario the market presents.

Honestly, as someone who's been "in to" bitcoin for years now, I have my doubts at times.  I absolutely unequivocally believe in bitcoin and it's technology, but my problem is with the human race, if I'm being honest.  I think that average human is a nitwit, and people don't know a good thing even when it smacks them in the face. The problem with societies across the globe is people get too complacent with status quo, and right now that's fiat money being the only form of currency, for the average human being/government.  I do have faith in the younger more progressive generation, and I do see some chance for another boom, but I just see it as a slightly less chance of happening like it has in the past. 

I understand your point completely and it is really a helpless situation. The inertia of society to change is something that have been there time immemorial and it is not going to change real soon.

Fortunately, Bitcoin is gradually gaining the attention it deserve as can be seen by many institutions such as Paypal and Union Bank of Philippines having interest in it. In addition, approval of the Bitcoin ETFs too will help with institutional involvement in Bitcoin and that will create huge inflow of capital and people. We should not despair

[MainIbem]

First I will say do not feel discouraged and again do not invest in altcoin then market will rise again, what i believe is that we keep having many new markets as time come. Altcoin presently to me is of waste of energy and resource because if you invest into altcoin now after halving you may not see any of them standing firm in the market so its better you avoid it now otherwise after bull run you might see a different side of altcoin which may possibly makes you to regret why you wasted your resources for investing in altcoin that won't be able to withstand the market pressure.

[doomloop]

There is no prediction of what will happen to altcoins. So, which altcoin you will invest in is a big question mark. With the halving approaching, the most logical investment is to invest in Bitcoin. We do not know whether altcoin prices will rise or not, or rather, we do not know which altcoins will rise. So I think you don't need to risk your money. I think the best investment for now is Bitcoin.

There are solid coins in the top 10, but we all know what can happen in the market. It no longer means anything for a coin to be in the top 10. It is best to invest in Bitcoin until the market regains confidence.

Alts are very much glued with Bitcoin i.e. whenever Bitcoin goes up the Alts go up and vice versa. You can invest in Alts but they will go up only once Bitcoin goes bullish. That's why its more appropriate to put most of your capital in bitcoin. There are thousands of Alts on CMC but most only top 10 or 20 on CMC are worthy to be invested. Secondly, just stay away from alts that are cheap in price they rarely go up and majority of people lost there money with hope of getting rich with small capital.

Well, I believe by alts with cheap prices you mean meme coins and shitcoins that have an infinite supply. Only newbies or people who are extremely greedy invest in such coins and tokens because they usually hear stories of a few people managing to get significant wealth by investing in some of these meme coins and now every single person wants to be in that place and get a lot of money from their small investments but they don't understand that it doesn't work that way.

Investing in such tokens is just like gambling where your chances of winning are way lower than winning and you should already know that you have risked your money if you are investing in these tokens. We all know that only a very small percentage of people manage to get success through gambling.

[TelolettOm]

First I will say do not feel discouraged and again do not invest in altcoin then market will rise again, what i believe is that we keep having many new markets as time come. Altcoin presently to me is of waste of energy and resource because if you invest into altcoin now after halving you may not see any of them standing firm in the market so its better you avoid it now otherwise after bull run you might see a different side of altcoin which may possibly makes you to regret why you wasted your resources for investing in altcoin that won't be able to withstand the market pressure.

What's your point, dude? Do you mean altcoins are shit coins only?  
I don't know why you are too pessimistic with altcoins. I think there are many good altcoins, not each altcoin are useless. If you have a bad experience with altcoins, it means you are not selective to choose altcoins. You need to revise your analysis or research method, there is something wrong with the way you choose coins to invest in.

Investing in such tokens is just like gambling where your chances of winning are way lower than winning and you should already know that you have risked your money if you are investing in these tokens. We all know that only a very small percentage of people manage to get success through gambling.

You can say it is gambling if you choose meme coins, shit coins, or random coins/tokens. But I don't think it is gambling if you choose trusted altcoins like ETH, ADA, BNB, or other reputable coins. There are some coins that have clear progress in the project development. And the most visible thing that we can see their market caps. If it is increasing, it means the popularity of the coins are rising. For me, investing in these coins isn't like gambling. It is because they have clear fundamentals for a bright future.

[STT]

From what I've heard it described, not as gambling so much as investment risk which means the government regulatory bodies want to outlaw such ideas and revenue as operating outside the law.   Im not the legal type or trained so I wouldn't know if they are correct especially to say so, my take is absolutely everything has a risk.  Certainly holding dollars, earning and relying on dollars for your retirement is risk too far for many but they wont know thats true for ten or twenty years sadly to their expensive.  When dollar relates to nothing solid, of course its risk so seems entirely hypocritical to label technological innovation as illegal in any way so long as its all openly declared open source who are they to outlaw anything tbh.

[2double0]

Based on your questions, I am willing to ask you to make it your own choice instead of coming here and asking because you will get biased answers and won't understand what to do in such trading related confusions. I was never asked to stop using btc, I had been here since long time and I can say that like you, we also lost the opportunity then when we didn't buy btc or alts for throwaway rates.

[livingfree]

Stop thinking that you should have been a millionaire if you ever didn't study and blame your parents because you studied. Be thankful to your parents that studying there is hard and the school and tuition fees there are no joke.

Your parents just did the right thing of providing you your need so that you are who you are right now. As you're finished studying now, it's good that you've mentioned you've got your own savings. But do not invest all that you've got because what happens if there's an unexpected expense that you need some cash and you don't have it anymore because you put all of it to bitcoin?

We are optimistic about Bitcoin but do it conservatively as we're no longer in the times unlike before that we can do reckless decisions that might affect us unless you really are persistent and pushy on it, although no one forces you to do so.

[Captain Corporate]

Depends on all of us really. If we want the boom to happen, then yeah it will. Just buy bitcoin, and I will too, and others should too and if we keep doing that then its going to be fine. I hope that it gets to a better point and we do not have to face anything bad, getting to a higher level should be something we can definitely enjoy, but not a lot of people really understands the point of the "boom", its hyped period of bitcoin, while bitcoin doesn't change at all. Lets assume bitcoin becomes 100k, do you think something that makes it valued at 100k that day and not today? No, there won't be a single one, only difference will be peoples perception of it.