Bitcoin price touched $65k to $56k in just two days. Bitcoin price is in full bearish current position, maybe we are going to reach bull run very soon. Do you think we are headed for a bitcoin bull market or a bear market?

It's hard to say but if I must be sincere with myself, I did say what I truly believe, and what I truly believe at  the moment is that, bitcoin is looking more bearish than bullish, though I understand that many will see the current downtrend as a correction from the highs we seen in the past weeks, which I will also assume is correct, but all the same, the current condition of the market isn't a bad thing, intact, for me, I see it as an opportunity to not only accumulate more bitcoin at cheap rates, but also, it's a good opportunity for me to buy more of the altcoins I've always thought I don't have enough of, so that when the bull run finally arrives, I have nothing to regret at all.

This is a very good opportunity for us all reposition well for the coming bull run, I expect bitcoin to still go down a bit, maybe reach around $50k, before it shorts up again and takes its jornuey to above $100k.
Cross your fingers and watch this happen in the coming weeks.

Usually, I log in to the forum twice a day and check coinmarketcap one or two times a day. I do not want to check my portfolio, but I want to check the price of Bitcoin and other coins. As a crypto user, this is my daily routine. But sometimes when the market moves a lot, I also check my portfolio. A simple little movement can change my portfolio a lot.

Usually, I get notifications from the apps I use daily, like the CEX and coinmarketcap apps. Those apps send notifications periodically when there are some major moves. Notifications like Bitcoin crossed 60K and stands at 60100 USD. So, I always get updated. I know some people check five to ten times a day. This is too much!

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It's clear Bitcoin Miners are at present earning 6.25 BTC from new block they create and that reward will be reduced to 3.125 BTC from my readings. So how does making BTC scarcer benefit crypto traders generally?

Well, good thing you used you used the word "generally", for this makes answering the question a bit more easier 😅.

The thing is, the scarcier bitcoin is or becomes, the more volatile the market becomes with every buy and sell trade that is executed,  and you and I know that, the more volatile the market is, the more it becomes profitable for traders, that is, It becomes easier for traders to trade and make profit in the shortest period of time.

And it doesnt end at the above, scarcity also improves or increases the value of an asset when demand for that asset grows.
So, we can say that, with less number of bitcoins entering circulation on daily basis as a result of the halving, there is the chances that the price of bitcoin will grow significantly from its current levels when more demand for it appears.
I hope this is clear enough.

Quote from: bettercrypto on April 11, 2024, 01:19:54 AM

Quote from: Garden on March 11, 2024, 01:24:40 PM

I don't believe this is the last bull market for Bitcoin. Its capitalization is only growing, more and more people are investing in Bitcoin and its price is rising accordingly. The price is already showing new highs. I think that there will certainly be downward corrections; the price will not rise without them. But I don't think the market will collapse.

Why did the OP say that it was the last bull run when he did not give any concrete reason for this matter? Why does the halving stop every 4 years? And I am pretty sure that everyone will not agree with what he said.

Because usually, right in the bull we're going through, many community investors buy Bitcoin and other altcoins that are on the top listing in the market because they know they'll get a profit from it, right?

There are definitely pros and cons to the OP's opinion, but let everyone have their own predictions, the point is for this season, don't ever experience losses due to mistakes, what usually happens is a high level of greed to achieve profits, but if we hold on for the long term it won't the problem of determining high profits

Anyone can do their own analysis and, believe it or not, everything will be returned to us, as well as the current bullishness, which is said to be the last, perhaps for the current halving period.
So can be true, we are told to be prepared so that we don't miss out on the time that is right before our eyes, like 2021, which felt that it would reach $100K and didn't know it didn't happen, where many people missed out on being able to achieve Maximum that profit.
I agree with you, don't be greedy!!! If you have obtained the expected profit, it is better to release it immediately and not keep waiting until it is higher.