Quote from: RockBell on Today at 06:41:14 PM

Quote from: _act_ on October 15, 2022, 07:16:42 AM

I have been very busy which makes me not to post this very early as it was last week news. Just that it is still very much worth it to post this.

More than 30% of Canadians plan to purchase crypto by 2024, says OSC head

Some people said a period of time will shock people when the price of bitcoin will no more rise using the 4 years cycle. Some even said that bitcoin market is matured already that this bull run trends may not become possible by 2024. But the good news is, you should still believe in bitcoin, it will not disappoint you in the next cycle.

According to Ontario Securities Commission head, the chief executive officer, Grant Vingoe, he said that they know from their research that 30% of Canadians are willing to invest in crypto asset by 2024.

Quote

“We know from our own research (being published later this month) that more than 30 per cent of Canadians plan to buy crypto assets in the next year [...] It is a challenge to bar non-compliant firms from offering services in Canada. With a limited budget and finite Enforcement staff to cover our entire capital markets, there is only so much we can do. But we are making progress.”

I believe if this kind of research is conducted in many other countries, more people will want to invest in crypto by 2024. And what should we expect by that time and 2025? Bull run.

Bitcoin has gone viral this year a lot of people have invested and many more are still investing even with zero knowledge about trading or basic knowledge on bitcoin most people who are not experienced in trading are always worried and are likely to sell off their coin due to the price instead of taking advantage of buying more and holding onto the one you have accumulated already once you have made up your mind to go into bitcoin you must be very patient not to sell but to hold, in situations like this the best thing is just learn to manage risk and ask questions if their any challenges as beginners.

Bitcoin went viral last year, while this year the market is pretty stagnant and boring... There isn't new money coming into crypto market and the only thing investors are doing right now is to maintain the price inside the 19,000$ zone and I believe they are doing this to not discourage and decrease the morale of potential investors even more than they are already disturbed by the currently crypto market's bearish conditions.

I don't know how long it is still going to take until the tendency can be reverted, but we need reinforcements faster as posdible, otherwise bitcoin is going to lose more territories (volume) yet.