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Author Topic: whether crypto will surge again like before?  (Read 251 times)
ungkuahmad (OP)
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July 24, 2024, 06:20:21 AM
 #1

coincided with the decline in the United States (US) stock market at the close of last trading as well as the polemic in the US.
Referring to CoinMarketCap on Friday (19/7/2024) at 05:29 WIB, the crypto market is moving mixed. Bitcoin weakened 0.57% to US$64,008.72 despite being in the positive zone of 11.29% on a weekly basis.

Ethereum was in the green zone 0.66% in the last 24 hours and in a week experienced an appreciation of 10.43%.
Solana appreciated 1.85% daily and rose 16.6% in the week.Likewise, Toncoin strengthened 1.77% in the last 24 hours while in the last seven days it weakened 0.35%.

CoinDesk Market Index (CMI), which is an index to measure the market capitalization-weighted performance of the digital asset market, fell 0.73% to 2,517.35. Open interest appreciated 0.46% to US$62.99 billion.

Meanwhile, the fear & greed index reported by coinmarketcap.com shows the number 57, which shows that the market is in a neutral phase with the current economic and crypto industry conditions.

Quoted from coindesk.com, the crypto market fell again at the start of trading today along with the continuous decline in United States (US) stock prices and circulating speculation regarding the presidential election race.
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July 24, 2024, 12:40:38 PM
 #2

The crypto market will definitely surge again & we might not be too far away from it happening. Altcoins tend to have a slight lag on following Bitcoins performance. The halving was a few months ago now, I think Bitcoin is not far away from starting the second & most exciting part of its bull run. Altcoins will pump too, don’t get impatient, generational money is coming.

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July 24, 2024, 02:55:20 PM
 #3

The crypto market will definitely surge again & we might not be too far away from it happening. Altcoins tend to have a slight lag on following Bitcoins performance. The halving was a few months ago now, I think Bitcoin is not far away from starting the second & most exciting part of its bull run. Altcoins will pump too, don’t get impatient, generational money is coming.
We do know that there would really be that something a pattern on how coins/tokens do make out that pump.

1. Bitcoin pump
2. Altcoin/Top solid projects
3. Meme coins
4. other...

Different trend or metas could really be seen on every cycle and lets see on whats the order of these pumps. If we do tend to look up some patterns
then we are really that heading there on where that bull run could really be something which way more bigger compared in the past. This is why it would really be ideal
that if you are planning to hold up some solid coins whether Bitcoin alone or with some mix of altcoins then it would really be your choice.
Its your money to invest on and not theirs.

Always bare up in mind that when it comes to future then there would really be no guarantee on which it could really be able to happen again or not.
It will really be having that cycle movement on which it neither be following on the same date patterns or not. Always expect the things on which to be unexpected
so that you wont really be able to shock yourself.

R


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July 24, 2024, 09:18:45 PM
 #4

I think crypto will surge more than before this time because of the latest support. We all know big companies can manipulate prices, and everyone understands that people FOMO a lot. So, I expect crypto to surge more than it used to.

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July 24, 2024, 09:20:07 PM
 #5

The crypto market will definitely surge again & we might not be too far away from it happening. Altcoins tend to have a slight lag on following Bitcoins performance. The halving was a few months ago now, I think Bitcoin is not far away from starting the second & most exciting part of its bull run. Altcoins will pump too, don’t get impatient, generational money is coming.
Before the halving, we all know the hypothesis and history of halving and bullrun. We state the following;
  • After halving the market will not start moving upwards immediately.
  • It will first dip for some time and give a brief bull run.
  • Many people will sell thinking that it is the bull run.
  • But in few months time, the real bull run will commence.
This is playing out and instead of we to believe we are in the right track, we are instead fearful.

R


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July 24, 2024, 09:21:59 PM
 #6

Fiat money is in big trouble globally, so crypto will have tons of room to grow in the next few years. Hopefully, the internet will survive if/when WW3 gets ugly!
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July 24, 2024, 09:58:49 PM
 #7

As long as Bitcoin stays at the sharp of $60k and will remain there for at least the end of this year, I'd be fine with that if not that much move happens. But Bitcoin isn't like that, it's always been volatile and the surge is likely to come again. Start of the bull run or not, there will be another massive pump. This isn't yet the pump that we're waiting for, there's likely another one that's about to come and not just one yet even more.

Quoted from coindesk.com, the crypto market fell again at the start of trading today along with the continuous decline in United States (US) stock prices and circulating speculation regarding the presidential election race.
Every time the market falls, the news media will always have it reported to their contents as if there's something new to see. The crypto market always is moving and very reactive and sometimes inversely proportional and directly proportional to US stocks and even globaly news. Whoever is losing his patience at this moment, you better prolong that before you do a mistake that you'll regret just like me on 2020-2021. I was too early to sell.


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July 24, 2024, 11:40:59 PM
 #8

The crypto market will definitely surge again & we might not be too far away from it happening. Altcoins tend to have a slight lag on following Bitcoins performance. The halving was a few months ago now, I think Bitcoin is not far away from starting the second & most exciting part of its bull run. Altcoins will pump too, don’t get impatient, generational money is coming.
I agree, many people just expects the market to skyrocket in an instant after the halving but in reality and as our past indicates, it is still to soon for us to meet majority's expectations. However, seeing the market price of Bitcoin which is still close to its ATH, should already set a high base price once uptrend again take place; we may expect for a high market price ceiling on bullrun. I'm guessing that it will break $100k once bull season happens and this also would pull other cryptos in general for sure. This is most likely to happen this year or early next year so better take the opportunity to not miss the bargains on cryptos with obvious potential at this point. As long as the previous ATH is not broke yet, then it will always be a good market price to make an entry. Just keep in mind how promising Bitcoin and this industry in general is, which has been proven multiple times from our past.

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July 25, 2024, 01:32:33 AM
 #9

This has always been a discussion in the crypto space and time allowed bitcoin to prove itself. Looking at history, you can see the dates of the halving and the dates where the price really took off. You’d notice that its price reached high numbers in no less than 10 months.

Example: Halving on July 9, 2016
- the price reached $2550 a year after from $598 a month after the halving [1]
- by end of 2017, the price almost reached $20,000 [2]


It’s only been 3 months since the last halving and with all the other factors in play, I can understand why bitcoin’s price is not yet pumping as a lot of people might want it to.

Stop being impatient and spreading FUD. Bitcoin has been called dead for more than a hundred times already but remains #1 among cryptocurrencies.



reference:
[1]https://zerocap.com/insights/snippets/bitcoin-halving-prices/
[2]https://www.sofi.com/learn/content/bitcoin-price-history/

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July 25, 2024, 01:36:51 AM
 #10


Every time the market falls, the news media will always have it reported to their contents as if there's something new to see. The crypto market always is moving and very reactive and sometimes inversely proportional and directly proportional to US stocks and even globaly news. Whoever is losing his patience at this moment, you better prolong that before you do a mistake that you'll regret just like me on 2020-2021. I was too early to sell.


from all that, I am optimistic that the future of crypto will rise again, and will gradually increase again with the presence of crypto projects such as ethereum bringing a big factor in increasing the use of blockchain including financial services, however crypto has experienced changes with the increasing number of US institutions accessing currency. Digital money is experiencing an upward trend, there is clear growth and fluctuation with many people expecting the market to bounce back after the halving, and that is a good sign and it is important to be aware of the risks associated with cryptocurrency investments.

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July 25, 2024, 04:29:27 AM
 #11

It will surge again when the time is right.

the tricky part with investing in crypto is that a market might look as if it's doomed with sudden price correction but it could be all just accumulation phase for all I know to resume the bullrun season eventually.
we shouldn't forget the fact that when the stock market are reaching their ATH bitcoin feels quite weak with the price and even with the presence of german government dumping BTC the market goes dipping as low as $sub 60k



but now stock market correcting, things seem to be fine with most of crypto, so I'm sure that BTC will just surge again eventually.
the demand is still there, BTC still got days with surplus ETF inflow, everything seems great.

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July 25, 2024, 05:05:01 AM
 #12

I'm pretty sure that a surge in cryptocurrencies will happen again in the future. However, we don't know when this will actually happen. Typically, after a halving, a spike occurs the year after. It is very natural that currently there are decreases and increases in prices. I feel that this is like an opportunity before the price really goes up. Even though there is a lot of FUD news out there, I think most crypto users would think that a surge is in the future.


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July 25, 2024, 06:55:02 AM
 #13

I'm pretty sure that a surge in cryptocurrencies will happen again in the future. However, we don't know when this will actually happen. Typically, after a halving, a spike occurs the year after. It is very natural that currently there are decreases and increases in prices. I feel that this is like an opportunity before the price really goes up. Even though there is a lot of FUD news out there, I think most crypto users would think that a surge is in the future.

I agree, I am pretty bullish on ETH and the opportunity on many other coins is closing up, so we need to finish our analyses, take the minimal risk where it's possible and get the profit which lies ahead.

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July 25, 2024, 10:12:56 PM
 #14

Every time the market falls, the news media will always have it reported to their contents as if there's something new to see. The crypto market always is moving and very reactive and sometimes inversely proportional and directly proportional to US stocks and even globaly news. Whoever is losing his patience at this moment, you better prolong that before you do a mistake that you'll regret just like me on 2020-2021. I was too early to sell.

from all that, I am optimistic that the future of crypto will rise again, and will gradually increase again with the presence of crypto projects such as ethereum bringing a big factor in increasing the use of blockchain including financial services, however crypto has experienced changes with the increasing number of US institutions accessing currency.
Well, when we say that it will rise again, there's the thought that it had fell. It didn't fell but instead it's moving upwards and we're going to see more of it. But with those words too, it can be said that there will be another increase that we're going to see soon. You're right, it will be gradual and we'd definitely gonna see it too. And there's no doubt that because of the involvement of the big financial institutions adopting crypto and being here did really played their part.

Digital money is experiencing an upward trend, there is clear growth and fluctuation with many people expecting the market to bounce back after the halving, and that is a good sign and it is important to be aware of the risks associated with cryptocurrency investments.
You have to be specific on this, yes crypto is digital money so as the other methods of payment that we're using digital money for payment. While those, they don't have volatility at all but they're classified as digital money as well. Much better to say the exact term as cryptocurrencies.

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July 25, 2024, 10:40:28 PM
 #15

Based on the subject line yes absolutely.  Crypto is cyclical and will have a good run most likely into 2025.  Once the politely tension of this US election dies down and we get far enough away from the halving I think we see 100k+ bitcoin prices.  For me I'm looking at this as a good time to buy

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July 26, 2024, 04:06:32 AM
 #16

The crypto market will definitely surge again & we might not be too far away from it happening. Altcoins tend to have a slight lag on following Bitcoins performance. The halving was a few months ago now, I think Bitcoin is not far away from starting the second & most exciting part of its bull run. Altcoins will pump too, don’t get impatient, generational money is coming.

the reason altcoin sometime lag behind because in every bullish cycle there's time when BTC dominance just increases significantly and it basically means all the money got withdrawn from alts and moving to BTC.
currentt price action seems to indicates that, maybe it's great time to rotate investment to BTC or maybe we're too late i haven't found any good sign about it but i'm sure that once the BTC dominance decreases altcoins will have good boost.

but it's just that, not all altcoin will follow altcoin season, just like previous bullrun, altcoin that already gets abandoned by then market won't make come back, the one that gonna have good rally are altcoin that could make fast recovery in every dumping meaning the traders and the money flocked together in that altcoin.

even recent BTC pumps indicate increase in BTC dominance.


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July 26, 2024, 05:14:19 AM
 #17

If it's about the near future, yes, we should still expect a bullish surge, but this will not be applicable to many altcoins as most will not hit their ATH again nor show any special price increase till the bearish season. And by the "near future, I refer to about a year from now, there is still hope but what will not happen in general again is for coins and tokens to behave as they did in the wake of the cryptocurrency era, such movements might be over for good.

This is because the industry is too small for the huge number of crypto projects that are littering everywhere as the liquidity will not be sufficient to cause any huge impact like before. The last time I checked, we already had over 13,000 coins and tokens, I wonder how investors can satisfy that huge number with liquidity.

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July 26, 2024, 05:51:45 AM
 #18

The crypto market will definitely surge again & we might not be too far away from it happening. Altcoins tend to have a slight lag on following Bitcoins performance. The halving was a few months ago now, I think Bitcoin is not far away from starting the second & most exciting part of its bull run. Altcoins will pump too, don’t get impatient, generational money is coming.

the reason altcoin sometime lag behind because in every bullish cycle there's time when BTC dominance just increases significantly and it basically means all the money got withdrawn from alts and moving to BTC.
currentt price action seems to indicates that, maybe it's great time to rotate investment to BTC or maybe we're too late i haven't found any good sign about it but i'm sure that once the BTC dominance decreases altcoins will have good boost.

but it's just that, not all altcoin will follow altcoin season, just like previous bullrun, altcoin that already gets abandoned by then market won't make come back, the one that gonna have good rally are altcoin that could make fast recovery in every dumping meaning the traders and the money flocked together in that altcoin.

even recent BTC pumps indicate increase in BTC dominance.



Thanks for a little inside! I do think we shall all look after the ETH mainly, as, understandably from the facts, not all alts on it will make the pump to the moon. Currently, there is a little strait that would be a great entry point to see investments in ETH going up afterwards, in spot, of course. NFA.

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July 26, 2024, 02:18:20 PM
 #19

Definitely, cryptocurrency is going to surge even more than it has in the past. We cannot use the current market situation to determine what will happen in the future because Bitcoin and some other great altcoins usually appreciate in value with time, especially during the bull market. Not every cryptocurrency will be able to surge, but there are definitely many other coins that will surge. If you look back at the price history of Bitcoin, there were some heavy price crashes that even made some people lose interest in cryptocurrency. Some people were saying that Bitcoin was going to die, but the coin is still waxing stronger today.

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July 26, 2024, 02:38:51 PM
 #20

The crypto market will definitely surge again & we might not be too far away from it happening. Altcoins tend to have a slight lag on following Bitcoins performance. The halving was a few months ago now, I think Bitcoin is not far away from starting the second & most exciting part of its bull run. Altcoins will pump too, don’t get impatient, generational money is coming.

The crypto asset industry continues to recover despite the crypto exchange in the lag of bitcoin not only in the crypto market, this reflects the trend seen in traditional financial markets in the bull cycle that occurs, altcoins tend to be a little late because altcoin prices follow bitcoin because this cryptocurrency is the one that sets the standard followed by many coins that have trends similar to bitcoin makes a strong reason, it seems that altcoins will thrive in low interest rates and high liquidity but it all depends on the crypto market's emphasis on tokens which will result in a price spike.

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