Post
Topic
Board Beginners & Help
Re: what will happen to Bitcoin after the bull run?
by
Zlantann
on 06/02/2024, 13:41:58 UTC
It is believed that Bitcoin will experience a significant increase in it's price during the bull market as a result of investors tending to buy more Bitcoins therefore it's demand might be higher than the supply and investors confidence spirit will be elated that the price would even go further higher through speculations but however after this bullish periods, will the price of Bitcoin continuously swim higher or it would eventually drop down and become bearish for investors to buy the dip and hold again?

This question would be been answered if you just researched and read about past bull runs. We might not have the same experience in all the bull run but they always have some similarities.  However the price of Bitcoin doesn't go up during the bull run but few months after it. And it is expected that it will get to an ATH and the price might gradually depreciate giving way for the bear run.

[quote author=dzungmobile
You will either hold your bitcoins so strong, don't want to take profit and think it will climb up more and more because $1M target price is too much from current price, so it's possible for Bitcoin to increase like 50% more.

Eventually you miss the bull run, miss chances to take profit and will be a witness of bear market until a next bull run, 4 years later.
[/quote]

Predicting that Bitcoin will get to $1m in this year's bull run might not be attainable.  It might be possible in the future but I am predicting that it will get to another ATH, maybe $100k. Every investor should have a profit margin and should take profit when they hit the target. I don't believe there is anything called greed in Bitcoin investment, the point is just to invest the amount one can be able to risk.