Bitcoin Is The Father After All

[ColdLava40]

It is interesting to know that large number of Bitcoin and none Bitcoin holders are looking forward to 2024/2025. This is the year which so many experts has predicted to be the halving season, where price of Bitcoin will definitely hit a higher price due to scarcity.

You must be wondering why none Bitcoin holders are also looking forward to that same year,... Well it's because of how effective Bitcoin price will be to the crypto market entirely.

In other words, Bitcoin has the power to make a great price impact in the crypto market in general, which makes it the father of all.

So what's your opinion ?

[HONDACD125]

It is interesting to know that large number of Bitcoin and none Bitcoin holders are looking forward to 2024/2025. This is the year which so many experts has predicted to be the halving season, where price of Bitcoin will definitely hit a higher price due to scarcity.

You must be wondering why none Bitcoin holders are also looking forward to that same year,... Well it's because of how effective Bitcoin price will be to the crypto market entirely.

In other words, Bitcoin has the power to make a great price impact in the crypto market in general, which makes it the father of all.

So what's your opinion ?

April 2024 is the year of Bitcoin's halving, and of course there is very little time left for that. Experts are declaring 2024/25 as bull season. There is no doubt that Bitcoin has a strong potential to reach a higher price.I would slightly disagree with you that a large number of Bitcoin and Bitcoin holders are not looking forward to this season.

There is no doubt that Bitcoin has a huge impact on prices in all crypto currency markets,and the entire pricing structure is tied to Bitcoin.It is considered as the king of all crypt currencies in the crypto currency market,but that doesn't mean that people who have Bitcoin or are buying Bitcoin aren't waiting for bull season.

Rather, all those who bought Bitcoin in the bear season are definitely waiting for the bull season to reap good profits. A strong Bitcoin position doesn't mean you should hold it forever, but sell it when you get a good profit,because there is always the chance, that when the prices go up, they will go down again, where you can buy Bitcoin at a low price again, because after every bull season comes the bear season.The bottom line is that we all always invest to get a good return.

[Blitzboy]

just because "experts" predict something doesnt mean its bound to happen. History is riddled with financial forecasts that have gone terribly wrong. Sure, the halving might induce scarcity, but there are countless other factors at play, like global economic conditions, regulatory decisions, and technological developments, to name a few.

And lets address this "father of all" statement. Bitcoin might have pioneered the crypto movement, but to consider it the sole determining factor for the entire market's health? That's an oversimplification. Numerous altcoins now have strong use-cases and can drive the market in their own right.

As for non-Bitcoin holders, they might be optimistic, but they should tread with caution. Relying on a single event to impact the entire market might lead to disappointments.

[Texac]

just because "experts" predict something doesnt mean its bound to happen. History is riddled with financial forecasts that have gone terribly wrong. Sure, the halving might induce scarcity, but there are countless other factors at play, like global economic conditions, regulatory decisions, and technological developments, to name a few.

And lets address this "father of all" statement. Bitcoin might have pioneered the crypto movement, but to consider it the sole determining factor for the entire market's health? That's an oversimplification. Numerous altcoins now have strong use-cases and can drive the market in their own right.

As for non-Bitcoin holders, they might be optimistic, but they should tread with caution. Relying on a single event to impact the entire market might lead to disappointments.

Financial experts don't have a crystal ball to predict the future, and they aren't the ones who draw the future.  so their prediction is no different from ours, it may or may not happen.

I agree that the halving was a strong catalyst for the past bull seasons, but it was not the only factor driving the uptrend.  you're right, we're facing a lot and it's difficult to say what the next bull season will look like.  the halving cannot guarantee us anything, but people are relying solely on it and ignoring other factors.

But as for calling bitcoin the father of them all, I would probably agree with the OP on this since bitcoin is still dominating almost 50% of the market cap, it is still the main determinant of existence of the cryptocurrency market.

[pooya87]

where price of Bitcoin will definitely hit a higher price due to scarcity.

Not because of scarcity (since bitcoin supply is always increasing) but because of less new-sell-pressure as miners will have less income and they will be able to sell less freshly mined coins in the market.

You must be wondering why none Bitcoin holders are also looking forward to that same year,... Well it's because of how effective Bitcoin price will be to the crypto market entirely.

Bitcoin price rise actually leads to altcoin dumps but what altcoin trades hope for is that as bitcoin starts rallying it will attract a lot of capital, some part of that capital can also go into the altcoin market and help pump some of the shitcoins they are bag holding.

[kryptqnick]

Halving is something quite technical and pure, so it can be predicted with a great degree of accuracy. I couldn't find precise info about the margin of error there, but I think it's in days, maximum a few weeks. As for the price, it's not something that can be accurately predicted at all, unless we're talking about very generic predictions (for example, it's highly unlikely Bitcoin will cost less than $10k in 2024, and it's also highly likely the price will not be above $500k).
As for Bitcoin being the father of the crypto market, I suppose you could say that, considering that other coins appeared later but based on the same technology, but I don't think this metaphor means much to me because fathers can be different, Bitcoin did not take part in upbringing of other cryptos, etc.

[Zlantann]

You must be wondering why none Bitcoin holders are also looking forward to that same year,... Well it's because of how effective Bitcoin price will be to the crypto market entirely.

The movement of the price of altcoins solely depends on Bitcoin. Many altcoin holders believe that the Bitcoin halving will also have a positive impact on the prices of altcoins. It is vital to know that it is not certain that the Bitcoin halving will lead to a pump in the price of all altcoins. The bull run is always the season of increase in scam shitcoins.  Hence, people who are hoping to make huge instant gains should be careful.

Financial experts don't have a crystal ball to predict the future, and they aren't the ones who draw the future.  so their prediction is no different from ours, it may or may not happen.

I have stopped listening to the predictions of these so-called financial experts since I can access most information I need. Most of them know nothing about the Bitcoin ecosystem. Most of their prediction is based on assumptions that sometimes turns out to be fake.

[tranthidung]

Not because of scarcity (since bitcoin supply is always increasing)

So calling Bitcoin is deflationary is not accurate but many people think about Bitcoin like this.

Bitcoin price rise actually leads to altcoin dumps but what altcoin trades hope for is that as bitcoin starts rallying it will attract a lot of capital, some part of that capital can also go into the altcoin market and help pump some of the shitcoins they are bag holding.

They hope very high like this but they don't know that market makers will only use their capital to pump altcoins after they finish their jobs with Bitcoin. After gaining profit from Bitcoin bull run, they will use small part of profit to play around with altcoins.

Altcoins must wait months for Bitcoin bull run to complete, to start their own bull runs which are unsustainable. Capital flow into altcoins will be withdrawn very quickly and when bear market comes, altcoins bring most painful losses to investors.

[Accardo]

April 2024 is the year of Bitcoin's halving, and of course there is very little time left for that. Experts are declaring 2024/25 as bull season. There is no doubt that Bitcoin has a strong potential to reach a higher price.I would slightly disagree with you that a large number of Bitcoin and Bitcoin holders are not looking forward to this season.

There is no doubt that Bitcoin has a huge impact on prices in all crypto currency markets,and the entire pricing structure is tied to Bitcoin.It is considered as the king of all crypt currencies in the crypto currency market,but that doesn't mean that people who have Bitcoin or are buying Bitcoin aren't waiting for bull season.

Rather, all those who bought Bitcoin in the bear season are definitely waiting for the bull season to reap good profits. A strong Bitcoin position doesn't mean you should hold it forever, but sell it when you get a good profit,because there is always the chance, that when the prices go up, they will go down again, where you can buy Bitcoin at a low price again, because after every bull season comes the bear season.The bottom line is that we all always invest to get a good return.

I didn't get it, your points here doesn't collide with what OP said about non bitcoin holders. Unless I read it wrongly, but the non bitcoin holders are interested in the bitcoin bull run, because they'll benefit as well. They'll be a huge movement in the price of their altcoins. It's fine to sell during the bull, for profit reasons, but regrettable when selling at the wrong time. And that's why hodlers must stay observant to correctly indicate the beginning of bear season after the bullish run.  On the other hand, are we just trusting on the halving season as a bullish moment because of past positive reactions of bitcoin price after halving. I mean isn't it speculation or prediction. Is they any algorithm that backs the trust of having a bullish run after halving. However, if the price of bitcoin goes up others follow, and it makes it the father indeed. Because bitcoin is talked about in media, a lot of TV stations and financial blogs always discuss bitcoin during bull run, and it helps the growth of cryptocurrency market in general.  Despite the risk involved many people will invest or look for altcoins with small prices to invest, hoping for huge profits during the bull run.  

[serveria.com]

Not because of scarcity (since bitcoin supply is always increasing) but because of less new-sell-pressure as miners will have less income and they will be able to sell less freshly mined coins in the market.

Well, technically not "always" but until 21 million coins will be mined, but I agree: lower reward would lead to less Bitcoins released to the open market and price eventually rising. But fewer Bitcoins being mined also causes scarcity.  

[blockman]

Why no bitcoin holders interested? It is because when money talks, many are there wanting to listen. Just as they've seen the past performances of Bitcoin, they're always there during the peak of it but whenever the price drops, that's when they are not listening anymore.
It is as simple as that because they think that it's the best that they can do to look at the market when there's something big that's happening, but when there's not that much movement and it's just all bears and dumps they don't want to listen and not interested at all.
We have to admit that fact and even us, there have been point of our lives that we're too stagnant and don't have appetite at all because of how the market has moved negatively.

[KiaKia]

Years ago I have always predict that a time will come where some altcoins will cut the connection from Bitcoin, been the father of all crypto is right but no son stays in their fathers home forever, isn't it? Now many altcoins have very useful use cases, always know that sons are meant to surpass their fathers.

The future is unpredictable, this is why I am not buying the idea that what have happened in the past will happen again, many are focusing on 2024/2025 because of Bitcoin halving and because of the past, but we can't know what will happen.

What if by 2025 a new virus breaks out? The Bitcoin bull market will break off, there are a few other factors that we need to look at, but we are too focused on the past repeating itself, I hope it all goes the way we want.

[Faisal2202]

In other words, Bitcoin has the power to make a great price impact in the crypto market in general, which makes it the father of all.

So what's your opinion ?

In my opinion, you are one hundred percent right, but you should say that Bitcoin is the kind, not the father. But it also conveys the message. I really liked your enthusiasm about BTC and how much belief you have in the halving (scarcity) factor that will increase the price of BTC to new heights.

But you should not take it for guaranteed and only invest with what you don't fear to lose. This means that would not affect your practical life and your mental health. Most people with such a mindset think that if the market is really going up then why not just invest it all and when the new ATH is made then we will book the profit or we will book the profit when we get the chance at first hand.

This idea seems good but it's not that easy to hold, accumulate BTC, and then time the market to book the profit, while you can fall prey to market sentiments on the way. I am not trying to scare you instead I just wanted to warn you that, don't take things for a guarantee as in crypto we don't have any guarantee.

[Mr.right85]

Not because of scarcity (since bitcoin supply is always increasing) but because of less new-sell-pressure as miners will have less income and they will be able to sell less freshly mined coins in the market.

Well, technically not "always" but until 21 million coins will be mined, but I agree: lower reward would lead to less Bitcoins released to the open market and price eventually rising. But fewer Bitcoins being mined also causes scarcity.  

I think it’s more about scarcity than any other elements to it might account for the increased price of bitcoin. The halving might play a vital role in this as, it’s a major event not just for bitcoin but, within the cryptospace entirely.
The halving basically brings about an explosive publicity for bitcoin thereby, brining in new and huge investors who/whom hope to take opportunity of the innovative awareness which creates more buy pressure on circulating coins (remember: many of these coins are still been hoarded in various wallets) and the block reward continues to disintegrate.

So, there is an inverse relationship that exists here which is,
The disintegration of block reward, followed by the increased population of investors. This creates the conditions for scarcity and as such, price appreciation.

[Asiska02]

This is the year which so many experts has predicted to be the halving season, where price of Bitcoin will definitely hit a higher price due to scarcity.

I can’t remember coming across this statement anywhere that bitcoin will become scarce, and the effect of scarcity will lead to high price of it. Halving leads to decrease in miners rewards, the price increase should have something to do with that and not because bitcoin is going to be scarce, it will not be scarce even at that period. More purchase of bitcoin at that time could lead to high price that time but this cannot still be quantify or even related to what actually halving is all about.

You must be wondering why none Bitcoin holders are also looking forward to that same year,... Well it's because of how effective Bitcoin price will be to the crypto market entirely.

As you said bitcoin is the father of all coin, so every coin will follow the path of bitcoin. The reason they’re also happy at the season of bull run is that, their altcoin holdings will also increase in value and they can cash out some significant amount of money from it, without minding how long they will remain in the market thereby dumping the coins after making profits.

[BitDane]

So what's your opinion ?

It is observed that when Bitcoin started to rally, other cryptocurrency seems to follow.  This is the reason why even non-Bitcoin holder also looks forward to Bitcoin halving event, because Bitcoin halving is the major catalyst for the market to transition to Bullish one.  And when the Bitcoin market enters the Bull season, a new ATH is recorded along the way.  

The hype of Bitcoin impact other cryptocurrencies because they use this instances to market their own coins and since the sentiment of the cryptocurrency market is positive, every thing seems going to an uphill ride so even the altcoin market is affected positively by the Bitcoin market surge.

[ChuckBuck]

Whoa, congrats for understanding the concept of halving. From the very beginning, this has been one of the main ideas behind Bitcoin. Well done, though, for catching up.


If you'd done more research, you'd realize Bitcoin's impact on the crypto industry is unmatched. But HEY, everyone starts somewhere, don't they? It makes sense that when Bitcoin goes up, the market usually goes up too, and the other way around. Your surprise that people who don't own Bitcoin knew about the splitting ahead of time is cute, but those of us who have been in the game for a while can see it coming a mile away. Keep reading, and maybe next time you'll impress us with something we don't already know.

[Cryptomultiplier]

So what's your opinion ?

It is observed that when Bitcoin started to rally, other cryptocurrency seems to follow.  This is the reason why even non-Bitcoin holder also looks forward to Bitcoin halving event, because Bitcoin halving is the major catalyst for the market to transition to Bullish one.  And when the Bitcoin market enters the Bull season, a new ATH is recorded along the way.  

The hype of Bitcoin impact other cryptocurrencies because they use this instances to market their own coins and since the sentiment of the cryptocurrency market is positive, every thing seems going to an uphill ride so even the altcoin market is affected positively by the Bitcoin market surge.

Mind you, it's not only BTC halving that is expected to occur. Some other crypto currencies would be expected to fulfil their own halving too.

BTC as the first is also the first to have an active forum like this with a large community of members who have and share same interest of which is BTC.
Even those of us that have delved into altcoins, shitcoins or memecoins as known, still rate BTC as number one because we have witnessed significant moments since it's creation till now, and it still stands solid on top with promise of even being better and more valuable asset to invest in.

[stompix]

Bitcoin Is The Father After All

And the mother? And the guy that was the previously assumed father?  
Now, even if we meant father of all crypto, he was a terrible one, I mean 90% of his sons were scammers, two of them tried to pull a Chronos and Zeus move and stab him, and right now he's on the point of getting evicted out of his block by his own memes!

Oh god (the real one if there is one at all), just make topics go away!

Numerous altcoins now have strong use-cases and can drive the market in their own

Let's count out memes and so-called smart contracts, what REAL-LIFE use cases does any altcoin have?
Name a few of those coins and cases cause for almost ten years I'm still waiting to witness a real one!

[The Cryptovator]

We call Bitcoin the mother of all coins. However, it's similar, and there's no doubt that Bitcoin is the king of cryptocurrency. To be honest, Bitcoin will always exist as a king. Because of my experience, I have seen a couple of times in my crypto journey how Bitcoin reacts. Bitcoin holders who hold it for a long time are always gainers. We have seen many predictions that Bitcoin will start a bull run by next year. I agree with that, though I don't believe some unrealistic predictions. It's because there will be a FOMO due to the upcoming halving. Those who are on Bitcoin should capitalise on the halving FOMO if they have not yet accumulated it. It's time to make money from Bitcoin.