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Author Topic: What lies ahead for Bitcoin in the coming days?  (Read 643 times)
CryptopreneurBrainboss
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December 01, 2023, 01:54:48 PM
 #101

Hi everyone.
We can all agree that the starting of this year 2023 has been extremely good for Bitcoin and a few other Cryptocurrencies unlike last year 2022 that Bitcoin had an epileptic run and was literally struggling, making lots of people think twice about still choosing Bitcoin as their choice of investment.

Last year, we were in a bear market so everything that happened was expected of the market to happen. Bitcoin decrease in price after the bull market has ended that we saw in 2021. Usually the next year after the bear market isn't always that bad because the market would be in a recovery phrase and most of the panic sellers would have already sold and left the market in the bear market year which was 2022. I expected this year to be better than last and so will other years to come until after Bitcoin halving and we get the main bull market that we'll see Bitcoin getting to a new ATH and also setting a new price milestone. Those that had second thoughts were probably newbies as those with experience would had been accumulating Bitcoin because they know the story will be different in the bull market.

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So please I'd really need your contributions and ideas on what you feel or think would be the outcome of Bitcoin the remaining weeks of this year and most importantly, what would the new year have installed for Bitcoin?

One thing I can tell you is, Bitcoin block reward will be halving next year and that'll brings alot of positivity to the price of Bitcoin. Next year will also be more better than this year as alot of fomo will be coming to the market because of Bitcoin halving. Just to summarize, it'll say better days are ahead for Bitcoin. We have gone through the toughest days already (the bear market) and starting next year the market will be shifting from bear to bull. Alot of positive development will be coming that'll make investing in Bitcoin gain more attraction again.

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December 01, 2023, 05:58:15 PM
 #102

I remember being in a Facebook group where people were debating if Bitcoin would ever recover or if that was in fact the end of the world biggest Cryptocurrency Bitcoin.

I think being in a group with the same motive that brings about the same discussion is a good one, but that shouldn't affect your personal judgement of an asset. I think no one can actually predict the future. One needs to understand that bitcoin investment can never be at the same scale as Altcoins volatility because of demand and supply, which makes it more reliable. The "What if" question should prompt us to do more research about bitcoin to know the facts and not conclude about what others say about it because their information can be very wrong regardless of their qualifications. As we approach the halving of bitcoin, I think the surge in price will maintain the bullish trend. What do you think?


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December 01, 2023, 09:34:00 PM
 #103

Currently, bitcoin is very bullish and if the market will be filled more with positive news and updates in the next days, then we can expect for bitcoin to skyrocket which mostly happens before the end of the year. So I guess the market will be very positive and bitcoin hodlers will benefit a lot most especially that we are now entering the merriest month of the year.

However, bitcoin can also give us the twist we never expect, that's how uncertain bitcoin is. The reason why we should always be updated with the market no matter how promising it is as it can turn into a roller coaster ride in just a blink of an eye.

R


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