Post
Topic
Board Bitcoin Discussion
Re: We are nearly six months in and this is the flattest of the 4 cycles to date
by
Agbamoni
on 06/10/2024, 20:35:40 UTC
Is it possible that the pattern of cycles no longer applies or is at the very least diminishing to a point where its effect is not significant?
Don't expect what happened in the previous cycles to repeat itself that is one rule about Bitcoin. When they mean by increase in the price of Bitcoin it doesn't mean the price will double times 2 every four years. The price could go up a little giving significant profit to those who wish to sell off their Bitcoin.

Expecting a double in price may never happen or it may. No one can fully understand the nature of Bitcoin and where the price is headed in a specific timeframe. We could predict the price to increase to a certain amount in two days or a week (may not be certain still) but what it would be next month, or next year, or in 4-10 years we cannot tell.