Due to whales withdrawing or converting their holdings to fiat money in large numbers in the market. The Bitcoin has decreased and dropped greatly overtime. So many Investors are backing down on bitcoin. Do you still believe in bitcoin?
Are you bullish on bitcoin?
- Thread starter Potuse
- Start date
Yes, I am still bullish but in the long term to tell the truth, seeing how things are getting in the macroeconomic environment, within the crypto ecosystem, regulations, interest rates and more in the short medium term I am rather bearish, although as I said in the long term I am really bullish.
I think that bitcoin will take a lot of time to increase. However, it all depends a lot on the demand of the bitcoin and the supply of the bitcoin as well. Many people believe that bitcoin's value will increase as the supply is quite limited.
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I also think like you, that it will take time to see the increase, but this does not have to be seen as something negative, we will have more time to get more positions in the asset at a lower price to take advantage of possible future rises.
I am bullish on Bitcoin because the coin is the Pioneer cryptocurrency with high level of potentials and if you understand how to analyse the Bitcoin movement, you are going to make profit from its trading.
Yes I believe in Bitcoin and it is extremely bullish in long term because Bitcoin and some cryptocurrencies are solving real world problems and have great projects behind them.
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You cannot be sure that bitcoin will be bullish on the long-term basis but you need to carry out proper analysis and assessment on this particular volatile cryptocurrency before you can make any investment in judgement.
Investment decisions are based on researches and researches show that Bitcoin can solve many big problems, for example it is a great shield against inflations.
As we see Bitcoin's price in 2011 was $1 and now it is $22.5K which shows that Bitcoin was extremely bullish, it still has the potential to reach $1 million.
Bearish at the moment. I want bitcoin to go back to 15,000 dollars so that I will have the opportunity to buy some other cryptocurrencies. I am expecting a bull run from next year.
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I still believe in bitcoin. I still believe bitcoin will continue to gain value in the future. Bitcoin is not just a digital currency, it is a technology and technology cannot be wiped out, it will be valued more.
I am very positive about the future of Bitcoin, it might be bearish at this point in time which is not strange as this the nature of cryptocurrency but I expect it to go bullish
Yes, I am still bullish on the Bitcoin. Looking at Bitcoin from a long term view, U strongly believe it would still rise up when everyone least expect. In the long run, Bitcoin is still a good buy for me, and I did not but to sell for a short time.
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- Thread starter
- #13
Looking at the history of Bitcoin, it tells you that bitcoin is a crypto-currency that will definitely surge in the future because it has the potential to move in the upward direction.
Yes, That is true. Bitcoin has a lot of potential and It still has the ability to surge upward more.
Looking at its past performance you would definitely agree that Its performance has been awesome.
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