Post
Topic
Board Speculation
Re: The future of Bitcoin: Bullish or Bearish
by
_BlackStar
on 14/09/2023, 19:51:27 UTC
-snip-
Indeed, investing in Bitcoin requires trust and faith in its capability. We can say that the future of Bitcoin is uncertain but for us believers, we believe that it will be going bullish soon after this huge correction. But for those doubtful individuals, it is gonna be a negative.
That is why I don't encourage people to invest if they are not able to adapt to the market-changing conditions as it happens always. Though I don't say that Bitcoin is just for strong people but seems too hard for weak people as well to keep holding when corrections come unless they'll improve and change their mindset.
The right thing about bitcoin investments is – they have to know how it works. Volatility is something that cannot be separated considering its supply and demand - but bitcoin basically has a cycle of ups and downs. Its price movements may go against the trend - but you can convince people that bitcoin is an asset that performs well based on its history.

Bitcoin has a good future if increasing adoption is the benchmark - but of course no one can be sure of the future of this asset because things can change so quickly. The positive thing about bitcoin now and in the future is - governments are starting to capitalize on it and support it.