Post
Topic
Board Economics
Re: "Prepare for defation in 2023"
by
savetheFORUM
on 14/01/2023, 21:30:31 UTC
Prepare to experience a big surge for Bitcoin like it was 2015 - 2017 Cool
We passed on a bear market for an entire year and the cycle that we believe happens is going to set a bull run. That's what we're set to believe and if the same run just as those years, it's going to be a big bull run again.

But as years have seen that there could be a change which is about to come and just as you've said, the bull run might come earlier than expected.

Anyway, if it goes like that then I'm thankful but if not then that's just fine.
Not so fast my friend. The halving which is a guaranteed bull for bitcoin wouldn't happen until sometime next year. Don't get me wrong, I would love to have a bull run as soon as possible as much as the next guy but insinuating one would happen now, especially with multiple scandals coming in and out of the industry is a little too ambitious if not nigh impossible. The bear market is pretty much far from over and i don't want to be the bearer of bad news but may stick around for a little while, unless something happens sometime around June. Then again bitcoin never failed to surprise me so something may just come around. If so I'd come back to this post and congratulate you.
I think the bull run can come at any time and doesn't only limited to the halving event. Halving sure have some positive effects to Bitcoin (it reduces its supply, making it more scarce) but I don't think it can guarantee a bull run. It's just people are only too optimistic about it leading for them to buy more and Hodl which can be the main cause of the pump.

I haven't seen any negative news lately but just positive news like the one did there by El Salvador in the Miss Universe event. Now the world sees Bitcoin more, they will now be confident about it. Who knows, what if this can trigger an early bull run? Some people are just itchy as we know last year was full of stress and losses.