Do you expect bitcoin to fall to buy before the new halving?

[deucher]

In 2024, a new halving will take place and everyone expects that the cryptocurrency will grow very much. But I also hope that bitcoin will still fall to 20 thousand to buy a large amount to have more profit in the future. Are you still waiting the fall?

 

[Nomad]

In the last 24 hours, Bitcoin has fallen, Just a week ago, Bitcoin was above 30K, and now it has gone down to $28K. I think there will continue to be a rise and fall of Bitcoin, but I do not think it will ever go below $20K. I don't see that happening. But then I am not an expert, and anything can happen in the crypto market.

 

[Riberet19]

Honestly, I am not waiting for Bitcoin to fall to buy more, I have my own established plan where I buy periodically and keep tracking at my average price, the fact of waiting for it to fall can be a strategy that can fail, due to the fact that no one can know if it is going to fall back to yearly lows or cycle lows and you may miss the opportunity to accumulate now, it is better to have a strategy that covers all stages of the market, rather than stand by and wait for the asset to crash with hoping to accumulate more.

 

[Heatman]

There's a possibility of Bitcoin falling more below before 2024 when the next new halving is expected to take place. I can say that even now is a good time for anyone who wants to take advantage of the halving to invest more in Bitcoin. There will always be constant ups and downs in the price until the real bullish run comes in.

 

[ganibade]

In 2024, a new halving will take place and everyone expects that the cryptocurrency will grow very much. But I also hope that bitcoin will still fall to 20 thousand to buy a large amount to have more profit in the future. Are you still waiting the fall?

It is difficult to forecast Bitcoin's price before a halving occurrence. In the past, price increases for Bitcoin have happened both before and after halvings. Researching and thinking through your investment strategy based on market trends and your financial objectives, rather than just on halving occurrences, is crucial.

 

[Ja Sa Bong]

It's recommended to buy Bitcoin 6 months before halving because it's when the price is supposed to dump more. Choose the right time to buy at the lowest zone you can get and ensure to sell the Bitcoin 18 months after the halving event. This is what I'm planning on doing in 6 months time before halving.

 

[Heatman]

It is difficult to forecast Bitcoin's price before a halving occurrence. In the past, price increases for Bitcoin have happened both before and after halvings. Researching and thinking through your investment strategy based on market trends and your financial objectives, rather than just on halving occurrences, is crucial.

Well, by just studying Bitcoin price chart every day, you're going to see everything with how the price have been behaving so far in the last 5 months. With the price move, it's still very clear that the price of Bitcoin will still keep dropping till the end of 2023.

 

[Good-Person]

Well, by just studying Bitcoin price chart every day, you're going to see everything with how the price have been behaving so far in the last 5 months. With the price move, it's still very clear that the price of Bitcoin will still keep dropping till the end of 2023.

Price of bitcoin is declining due to many different kinds of reasons. The federal reserve has increased the interest rates and economical factors are also preventing many investors from investing in bitcoin right now.

 

[Heatman]

Price of bitcoin is declining due to many different kinds of reasons. The federal reserve has increased the interest rates and economical factors are also preventing many investors from investing in bitcoin right now.

The governments of different countries wouldn't even agree they are part of the reason why cryptocurrency prices are dropping but in reality, they play a very big role in what's been happening for years. As long as they haven't adopted and supported cryptocurrency, it's going affect the prices.

 

[Riberet19]

The governments of different countries wouldn't even agree they are part of the reason why cryptocurrency prices are dropping but in reality, they play a very big role in what's been happening for years. As long as they haven't adopted and supported cryptocurrency, it's going affect the prices.

Yes, governments have been in the cryptocurrency game for a long time, you just have to look at the amount of bitcoins that the United States government has, more than 200k bitcoins, both when prices rise and when they fall the governments has part of the blame

It must also be taken into account that many institutional investors have close contact with governments and surely their actions are sometimes influenced by the government.

 

[Heatman]

Yes, governments have been in the cryptocurrency game for a long time, you just have to look at the amount of bitcoins that the United States government has, more than 200k bitcoins, both when prices rise and when they fall the governments has part of the blame

It must also be taken into account that many institutional investors have close contact with governments and surely their actions are sometimes influenced by the government.

Seriously, it's not the USA government that plays a big part in what's happening with cryptocurrency and its prices. It's been said that Russians own more than 16.5 trillion rubles which is $214 billion worth of cryptocurrencies. Whoever that gets this kind of assest in cryptocurrency plays a very strong in its price changes.

 

[Riberet19]

Seriously, it's not the USA government that plays a big part in what's happening with cryptocurrency and its prices. It's been said that Russians own more than 16.5 trillion rubles which is $214 billion worth of cryptocurrencies. Whoever that gets this kind of assest in cryptocurrency plays a very strong in its price changes.

It doesn't surprise me that the Russians are also immersed in the crypto world, in fact they have avoided many of the sanctions imposed by the West thanks to crypto transactions, it is normal that they want to use them for international exchange, the Russians also know what they are doing.

 

[Heatman]

It doesn't surprise me that the Russians are also immersed in the crypto world, in fact they have avoided many of the sanctions imposed by the West thanks to crypto transactions, it is normal that they want to use them for international exchange, the Russians also know what they are doing.

Yeah, that's very correct. I knew from the onset that cryptocurrency is something that is always going to be beneficial to Russia especially when it comes to avoiding the sanctions that have been imposed on them. This is because with cryptocurrency transaction, they can be able to deal with even the countries that they have been banned to do businesses with because none of the transaction can be traced to each of the country.