Recently, there have been some different views from analysts about the duration of the bull run. Some of them claimed that the Bull run is over and we might be entering another bear market. While others believe that the bull market is not yet over and might last till next year. These arguments are not the reason for this discussion.
Before this bull run, there were diverse predictions about the price Bitcoin would reach. The most popular one was $100k and others also felt it would go above that amount. Bitcoin's ATH stands at $124,290.93.
In your own view, do you think Bitcoin performed below or above your expectations in this bull run?
Before this bull run, there were diverse predictions about the price Bitcoin would reach. The most popular one was $100k and others also felt it would go above that amount. Bitcoin's ATH stands at $124,290.93.
In your own view, do you think Bitcoin performed below or above your expectations in this bull run?
Do not know yet. Since it is not sure if it ended yet.
But if it ends in Sept and drops to 80k with out a rally I would be sad.
Sad?
Isn't that another Golden Opportunity to buy Bitcoin, especially when everyone is "sad"?
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I tend to not over react so maybe we are done or maybe not.
But look at gold in the 1993 to 2003 time slot it stayed inside of 200 usd to 400 usd..
Then shot up after the war for 911 world trade center.
who is to say that btc stays in an 70k to 125k slot for years and the 4 year cycle is over.
Although there's a non-zero probability that that could happen, I believe that because of Bitcoin's halving cycles which happens every four years, Bitcoin will continue to go up during its growth phase.
It's might be debatable if it is still truly in its growth phase, but it's also very debatable to say that it is over its growth phase. Cryptocurrency as an idea/invention is still very VERY new.
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be patient and stack.
👍