Will there be a boom again?

[Latviand]

With all the altcoins popping up in the market and with it most of the time being a shitcoin, I think that it's in your best interest to just stick to bitcoin because at the least your wait is guaranteed profit unlike altcoins where you don't know if you're hitting a goldmine or a septic tank and you're most likely to hit septic tanks, plus a lot of altcoins can't maintain their growth spurt, they are unlikely to repeat their pumps so it's not worth your wait for a pump that's not going to happen. Stick to bitcoin.

[1714718584]

1714718584

[tygeade]

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

When the whole civilization gets too used to one thing, breaking into that thing and changing the mold is not that easy. We think that it is easy but the improvement has to be vast. Like phones, we had phones for many many years and it did not change way too much for the longest time, we had to literally put a whole pc into your pocket to change it, going from house lines to smart phones was a hard and painful path that looked quick but took decades to change that.

Bitcoin is trying to change something even bigger, which is money and that has been pretty similar for thousands of years, coins weren't silver but gold, and there weren't banknotes back then, but we really made a huge change regarding this over course of long time.

[flyingcarpet]

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

When the whole civilization gets too used to one thing, breaking into that thing and changing the mold is not that easy. We think that it is easy but the improvement has to be vast. Like phones, we had phones for many many years and it did not change way too much for the longest time, we had to literally put a whole pc into your pocket to change it, going from house lines to smart phones was a hard and painful path that looked quick but took decades to change that.

Bitcoin is trying to change something even bigger, which is money and that has been pretty similar for thousands of years, coins weren't silver but gold, and there weren't banknotes back then, but we really made a huge change regarding this over course of long time.

Breaking habits has always been difficult. Keeping up with innovation is a choice, but when making this choice, human beings act with anxiety. This has generally been the case in the developments made so far. So never be pessimistic. Some things can happen on their own.

The inclusion of Bitcoin in our lives means many things have changed. That's why change takes time and is sometimes approached with hesitation, but it happens.

[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.

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.

Hey there is nothing wrong with me at his level i won't encourage him to venture into altcoin investment do you think he has experience as you do in relative to altcoin? No, my point is whenever a newcomer is seeking for advise do not always give them the way to choose altcoin as they you think, because they may ends up landing their selves into shitcoin. And besides don't quote me wrongly why because there are stabilized altcoin or we call it reputable altcoin such as ETH, BNB, LTC, TRX, WAVE, Solana, MATIC, Polkadot and many more and not just a newly launched projects we can't defines their way about but were filled with an empty promises.

That is why at first do not give them the reason to look at altcoin but bitcoin because it can easily gets back to it previous position ( this is what i know as price elasticity demand of bitcoin), That is to say "An elasticity demand is one in which the change in quantity demanded due to a change in price is large". hence if the demand is high of btc is high then we can say the price will actually rise back due to the supply is now low and as time goes we might ran into scarcity of bitcoin stirring up the price above every other altcoin out their. But if altcoin faces dip i doubt if they could easily rise back especially those token that was launched over night in disguised of coin.

[Kelvinid]

If you mean the "boom" is another ATH, then make faith in it as it certainly comes someday.
But don't think about it always as it affects your mindset and patience, some people get bored waiting and lose their faith, then miss the ATH again. We don't have to do that as our experience helps us to realize our wrongdoings in the past that we need to correct now. If we have faith in crypto and believe there is another BOOM, therefore, we must show courage and patience as well otherwise, we're not changing our style and behavior.

[peter0425]

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.

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. As I see, there are guys on this forum since 2015, they are here still today, so I want to know your opinion and want to hear your advice about Bitcoin. 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.

Dont make the same mistakes mate, you missed Bitcoin booming back in 2016 so you did not manage to invest in 2 halving season,
so investing in Altcoin will be once again losing your chance.
invest now mate if you have much of a money, and never to experience the same  thing in the future.

[Nrcewker]

Bitcoins price cannot be limited to one price. The price always fluctuates as these are limited in numbers. The price practically goes up when the demand to acquire the coin is more than the supplying amount. As we know that the supply is limited, hence the price goes up in a rapid manner when there is slight high demand in the market. So yes there is very high hope that the price will go up when the demand increases.

[CageMabok]

With all the altcoins popping up in the market and with it most of the time being a shitcoin, I think that it's in your best interest to just stick to bitcoin because at the least your wait is guaranteed profit unlike altcoins where you don't know if you're hitting a goldmine or a septic tank and you're most likely to hit septic tanks, plus a lot of altcoins can't maintain their growth spurt, they are unlikely to repeat their pumps so it's not worth your wait for a pump that's not going to happen. Stick to bitcoin.

I like your advice, because in fact it has been seen that sticking to Bitcoin is the right solution rather than spending more time and money on altcoins, most of which have become useless shitcoins in the crypto space and market. Bitcoin is very suitable to be held in the long term and is also very suitable to be considered a long-term investment because in reality it never disappoints patient holders. And the small number of people who are disappointed are only those who don't have the patience to wait for the best moment in Bitcoin so they often blame everything on cryptocurrency when they can't profit from it.

[Falconer]

If you mean the "boom" is another ATH, then make faith in it as it certainly comes someday.
But don't think about it always as it affects your mindset and patience, some people get bored waiting and lose their faith, then miss the ATH again. We don't have to do that as our experience helps us to realize our wrongdoings in the past that we need to correct now. If we have faith in crypto and believe there is another BOOM, therefore, we must show courage and patience as well otherwise, we're not changing our style and behavior.

We cannot 100% convince people that ATH is certain. There is no certainty about ATH, but it is possible for one reason or another. Halving can increase the demand for bitcoin in the market because investors will take advantage of the moment to get a return on their investment, but miners will also expect higher values ​​after the halving.

Bitcoin is already booming due to the fact that bitcoin has been known in various countries so far. If it is about price, then I think they will just have to wait until demand increases which in turn could push prices higher.

[Minecache]

With all the altcoins popping up in the market and with it most of the time being a shitcoin, I think that it's in your best interest to just stick to bitcoin because at the least your wait is guaranteed profit unlike altcoins where you don't know if you're hitting a goldmine or a septic tank and you're most likely to hit septic tanks, plus a lot of altcoins can't maintain their growth spurt, they are unlikely to repeat their pumps so it's not worth your wait for a pump that's not going to happen. Stick to bitcoin.

I like your advice, because in fact it has been seen that sticking to Bitcoin is the right solution rather than spending more time and money on altcoins, most of which have become useless shitcoins in the crypto space and market. Bitcoin is very suitable to be held in the long term and is also very suitable to be considered a long-term investment because in reality it never disappoints patient holders. And the small number of people who are disappointed are only those who don't have the patience to wait for the best moment in Bitcoin so they often blame everything on cryptocurrency when they can't profit from it.

Why don't we invest in bitcoin for the long term and use altcoins for the short term? I do not deny that investing in bitcoin is the safest and most secure choice for us in the market. But why don't we spend a small amount of capital to try our luck with altcoins? If we are lucky enough, we can use those profits to buy more bitcoins, otherwise consider it entertainment like many people gamble after a long day of work. For them, winning or losing is not important, the important thing is to relax their mind after a stressful day of work. I also invest mainly in bitcoin, but still like to take a little risk with altcoins because it would be boring if we always choose safety and stay in our comfort zone.

[darewaller]

If you mean the "boom" is another ATH, then make faith in it as it certainly comes someday.
But don't think about it always as it affects your mindset and patience, some people get bored waiting and lose their faith, then miss the ATH again. We don't have to do that as our experience helps us to realize our wrongdoings in the past that we need to correct now. If we have faith in crypto and believe there is another BOOM, therefore, we must show courage and patience as well otherwise, we're not changing our style and behavior.

We cannot 100% convince people that ATH is certain. There is no certainty about ATH, but it is possible for one reason or another. Halving can increase the demand for bitcoin in the market because investors will take advantage of the moment to get a return on their investment, but miners will also expect higher values ​​after the halving.

Bitcoin is already booming due to the fact that bitcoin has been known in various countries so far. If it is about price, then I think they will just have to wait until demand increases which in turn could push prices higher.

It's weird that we can't convince them, why wouldn't we convince them that something like that could happen? If you ask me I think that should be possible and we could probably see something like that happening. I believe that we are going to end up with a good boom and if they do not want to believe that, it is their own fault and they should trust the market.

I am not going to argue with them to try to convince them, if they do not want to agree then they do not want to agree, it is their own choice and I doubt that we would be able to change it. Let them do whatever they want to do and we could end up with a result that would be a lot more personalized for the people who trusted and held during this period and get rich when it goes up.

[fzkto]

If you mean the "boom" is another ATH, then make faith in it as it certainly comes someday.
But don't think about it always as it affects your mindset and patience, some people get bored waiting and lose their faith, then miss the ATH again. We don't have to do that as our experience helps us to realize our wrongdoings in the past that we need to correct now. If we have faith in crypto and believe there is another BOOM, therefore, we must show courage and patience as well otherwise, we're not changing our style and behavior.

We cannot 100% convince people that ATH is certain. There is no certainty about ATH, but it is possible for one reason or another. Halving can increase the demand for bitcoin in the market because investors will take advantage of the moment to get a return on their investment, but miners will also expect higher values ​​after the halving.

Bitcoin is already booming due to the fact that bitcoin has been known in various countries so far. If it is about price, then I think they will just have to wait until demand increases which in turn could push prices higher.

No one can know if a new ATH will happen, but we can be sure that a rebound is bound to happen. Bitcoin will bounce nicely this year from the previous bottom. It will happen with altcoins in the future too. Now is the best time to buy.

[stomachgrowls]

If you mean the "boom" is another ATH, then make faith in it as it certainly comes someday.
But don't think about it always as it affects your mindset and patience, some people get bored waiting and lose their faith, then miss the ATH again. We don't have to do that as our experience helps us to realize our wrongdoings in the past that we need to correct now. If we have faith in crypto and believe there is another BOOM, therefore, we must show courage and patience as well otherwise, we're not changing our style and behavior.

We cannot 100% convince people that ATH is certain. There is no certainty about ATH, but it is possible for one reason or another. Halving can increase the demand for bitcoin in the market because investors will take advantage of the moment to get a return on their investment, but miners will also expect higher values ​​after the halving.

Bitcoin is already booming due to the fact that bitcoin has been known in various countries so far. If it is about price, then I think they will just have to wait until demand increases which in turn could push prices higher.

No one can know if a new ATH will happen, but we can be sure that a rebound is bound to happen. Bitcoin will bounce nicely this year from the previous bottom. It will happen with altcoins in the future too. Now is the best time to buy.

Market cant really be called a market if it would really be having that single path to take or movement does it have on which means that if there's decline then theres pump.It is really just that something these things cant

really be known on when it would happen and this is why it is really hard to deal up with a market which movement is something that cant be known which its pretty normal. Boom again? If this market would be missing out some bullish run or having those positive movement then trust and doubts would most likely be molding up. Whenever the market cant really be able to have that boom again then there's something wrong with it and with this happens then for sure investors would really already have those doubts whether this market is really that still to deal off with or not. It is really just that that these market movements are really just that normal
and it turns out that long time waiting does really affect your mind whether this market is is still that doing well or not.

Hesitation and doubts would really be there specially if it doesnt move on the price that we are expecting or anticipating which it isnt really that shocking somehow.

[Natsuu]

If you mean the "boom" is another ATH, then make faith in it as it certainly comes someday.
But don't think about it always as it affects your mindset and patience, some people get bored waiting and lose their faith, then miss the ATH again. We don't have to do that as our experience helps us to realize our wrongdoings in the past that we need to correct now. If we have faith in crypto and believe there is another BOOM, therefore, we must show courage and patience as well otherwise, we're not changing our style and behavior.

We cannot 100% convince people that ATH is certain. There is no certainty about ATH, but it is possible for one reason or another. Halving can increase the demand for bitcoin in the market because investors will take advantage of the moment to get a return on their investment, but miners will also expect higher values ​​after the halving.

Bitcoin is already booming due to the fact that bitcoin has been known in various countries so far. If it is about price, then I think they will just have to wait until demand increases which in turn could push prices higher.

No one can know if a new ATH will happen, but we can be sure that a rebound is bound to happen. Bitcoin will bounce nicely this year from the previous bottom. It will happen with altcoins in the future too. Now is the best time to buy.

It will. Why else we are here for if we don't expect Bitcoin price to have another all-time high eh? All-time high will happen again because there are many people who still believe in the purpose and usage of Bitcoin and the generational wealth it can offer to normal people. In fact there are large amount of people who aren't aware yet of BTC. If those people learned how BTC works, then more supply or more liquidity would be generated in the marketplace which would make the price to go higher. Ideally a new all-time high when the conditions in the world gone right. Less wars, less pandemic, just a booming economy.

[jasonjm]

Looking at the past trends, it is obvious that after a prolonged market correction, the price increases considerably from ATH and touches a new ATH. Yes, there are chances that BTC will touch new ATH in the coming years. Chances are that the price will increase after BTC halving next year. I suggest you not invest all your money in Bitcoin. Try to increase your portfolio and invest in some potential altcoins, i.e. ETH, DOGE, SOL, MATIC, etc. Invest some part of your savings into the crypto market, and use the remaining for your day-to-day expenses. Do your research before deciding because it's your savings that are at stake, so be cautious.

[Negotiation]

The crypto market is generally volatile even if the value of the currency goes down it is certain that it will go up again after a while just wait for a long time. Bitcoin is undoubtedly the most popular crypto currency in the crypto market but many more such coins are in circulation. Bitcoin's closest competitors include Ethereum, Tether, Binance Coin. This competition in cryptocurrencies is good for investors it cannot skyrocket in value. But in the case of bitcoin it has become so popular that it has an opportunity to stay ahead of rival currencies. Rival currencies rise in price depending on the value of bitcoin but along with bitcoin its currencies are good for investment.

[n0ne]

The crypto market is generally volatile even if the value of the currency goes down it is certain that it will go up again after a while just wait for a long time. Bitcoin is undoubtedly the most popular crypto currency in the crypto market but many more such coins are in circulation. Bitcoin's closest competitors include Ethereum, Tether, Binance Coin. This competition in cryptocurrencies is good for investors it cannot skyrocket in value. But in the case of bitcoin it has become so popular that it has an opportunity to stay ahead of rival currencies. Rival currencies rise in price depending on the value of bitcoin but along with bitcoin its currencies are good for investment.

By its development bitcoin is volatile. The same is being loved by majority of the people. Whenever there is fall in price, it gets followed by bullish market. So, all that required to stay strong and profit is through holding with patience. We were able to see stabilized move in the market for a long term within specific price range. We can't specify those mentioned as closely competing ones considering the market of bitcoin. These are networks that follow the market trend of bitcoin. When bitcoin turns bullish, the same can be experienced with these mentioned altcoins. These days the expectation on bitcoin is high connective to the upcoming halving. Considering the same it is good to invest the excess fund into bitcoin than the daily life fund.

[Minor Miner]

Looking at the past trends, it is obvious that after a prolonged market correction, the price increases considerably from ATH and touches a new ATH. Yes, there are chances that BTC will touch new ATH in the coming years. Chances are that the price will increase after BTC halving next year. I suggest you not invest all your money in Bitcoin. Try to increase your portfolio and invest in some potential altcoins, i.e. ETH, DOGE, SOL, MATIC, etc. Invest some part of your savings into the crypto market, and use the remaining for your day-to-day expenses. Do your research before deciding because it's your savings that are at stake, so be cautious.

Why should we not invest all our money in bitcoin but part of it in altcoins? Are you talking about diversification? Do you think investing in altcoins will reduce our risk? While all altcoins are dependent on the movement of bitcoin. Even if bitcoin crashes, all altcoins will disappear, the market will not exist without bitcoin. Investing in altcoins is not bad because many altcoins give better returns than bitcoin but there is nothing wrong if someone believes only in bitcoin, which is the safest coin in the market.

[2double0]

Why should we not invest all our money in bitcoin but part of it in altcoins? Are you talking about diversification? Do you think investing in altcoins will reduce our risk? While all altcoins are dependent on the movement of bitcoin. Even if bitcoin crashes, all altcoins will disappear, the market will not exist without bitcoin. Investing in altcoins is not bad because many altcoins give better returns than bitcoin but there is nothing wrong if someone believes only in bitcoin, which is the safest coin in the market.

Altcoins will disappear after Bitcoin crash? No.
They will also crash with it? Yes.
I have been hearing a word called de-dollarization to be taking place and it will be replaced by some other real world currency as a chief reserve currency for making worldwide transactions because the inflation that has gone out of US' hands will make dollar stressed out at some point and it will see the worst crash in its index and will be worth nothing till US clears up some part of its debts. I think this will give boost to the value of btc against USD but remember, if USD goes weak against btc and all real world currencies too, then that increase will be worth nothing because it is not going to give you any profits if you come from another country and its currency becomes stronger against the dollar, for example the entire Europe.

[Gozie51]

As we all know, halving is coming. Should I invest my savings in Bitcoin? Or should I lean towards altcoins this time? Which one?

It is no ruse that halving and bull run are running side by side and from what you have observed and read about having, it helps price increase for almost all cryptocurrency but at the end some altcoins will never rise and some will dump at the end but bitcoin is stronger during that time. So investing in bitcoin will be a good decision but don't invest all the savings you have on it. Invest reasonably so that you don't get yourself out of cash.

Not all altcoins are worthy of investing and during this season bitcoin is the most assured investment for anyone.