Quote from: EarnOnVictor on November 25, 2023, 03:56:45 PM

Quote from: Rabata on November 25, 2023, 11:08:51 AM

Quote from: KFC786 on November 20, 2023, 04:32:33 AM

Hi guys I was wondering that Bitcoin crossed 37000 dollars is there any chances that Bitcoin bear market over and we might see good greeny day.
What are your thoughts 🤔💭

We have long been involved in Bitcoin's bearish market. If we estimate that Bitcoin price was at its lowest point in late 2022 at the end of the 2021 bull run, then we have definitely overcome the bear market. Although the market is yet to start that bull run, we could get it soon. However, since the crypto market is an uncertain platform, we cannot give absolute guarantees. As per the current market conditions we get the impression that we are slowly moving towards a bull market. Currently the price of Bitcoin is above $37k any time we see the price of Bitcoin touching $40k. I think this trend will continue until the next new ath.

Emphatically and without any apology, Bitcoin is now bullish in the long-term disposition and I do not see anything stopping it from continuing to buy till next year. However, it might not make a significant breach of $40,000 until next year against what's widely conceived but might also not breach below $30,000 either till next year. The bullishness of Bitcoin is deserved and well overdue after years of long-term bearishness, this was aggravated by inflation and is a very good call for everyone to ensure that they know how Bitcoin behaves so well before they deal with it.

Also, what I see that is beyond the assertion of whether it's bullish or bearish is to know how to properly guide ourselves on when to buy and when to sell the coin (exit), this is equally good as knowing when to buy/sell (entry) which most people are often blinded/engrossed with than the exit. At this time, everyone can continue to make their buys as the coin will never make any significant bearish movement again until the post-halving time which I believe would be more than 1 year from now. Nonetheless, every Bitcoin lover should be in by now and be learning the best ways to opt-out in the next 1 year.

Predictions are made for Bitcoin, but they are all just assumptions. Of course, everyone has their own ideas, but it would still not be right to ignore the risk of decline. There is always a risk that the market will fall. So what you say may be true, but there is no certainty and we have no possibility of knowing this certainty. So I think you should always be careful and take your risks accordingly.

I'm not saying what you say is wrong, I'm just saying you should invest more carefully. To say it will never experience a significant decline again is a very bold statement.