Bitcoin's wild ride: Can we navigate the economic rollercoaster?

[TokenTactician24]

Bitcoin is still on the rollercoaster ride 🎢! Currently sitting at $62,000 after dipping to $58,000. With macroeconomic factors like inflation and global monetary policies at play, the future remains uncertain. Personally, I’m cautiously optimistic; while the RSI is stable, we could see a push towards $65,000 in the next few months. However, any major economic shifts could throw a wrench in those predictions.

Will central bank policies affect demand for Bitcoin? 🤔 Buckle up; it’s going to be a wild ride!

Check live data here: [Google Finance BTC](https://www.google.com/finance/quote/BTC-USD).

[TomPluz]

Well, I am already used to the rollercoaster nature of Bitcoin and if one is surprised of this nature then he must to get acquainted with it. With Donald J, Trump poised to win the November 5 election against the weak and "knucklehead" team of Harris/Walz, there can be more energy by the market come next month. The Middle East problem may continue to be affecting for the remaining days of 2024 but there can be more bright sides in the first quarter of 2025. As what I said in other posts, we can be lucky if BTC can be able to make it beyond the $70K line and make a new ATH before December 31...as we know that December is not also a very good month for the crypto market.

[Jating]

Bitcoin is still on the rollercoaster ride 🎢! Currently sitting at $62,000 after dipping to $58,000. With macroeconomic factors like inflation and global monetary policies at play, the future remains uncertain. Personally, I’m cautiously optimistic; while the RSI is stable, we could see a push towards $65,000 in the next few months. However, any major economic shifts could throw a wrench in those predictions.

Will central bank policies affect demand for Bitcoin? 🤔 Buckle up; it’s going to be a wild ride!

Not sure if you are new in crypto, but that's how it is, really a wild ride for Bitcoin enthusiast, you haven't been in the year wherein there are a lot of challenges, not just from FUD or those people trying to manipulate, but from altcoins itself. Way back in 2018, ETH and XRP put a big test on Bitcoin and see if it can topple it. So there's a lot of tension that time from altcoin and Bitcoin investors, trying to push which one will be on the top. Nevertheless, since Bitcoin is the prime mover of crypto, whatever challenges it had, it will remain on the top. And then we have the pandemic in 2020, everything is up in the air, there are even pundits calling that Bitcoin will be dead, but the opposite happen.

[Fivestar4everMVP]

Bitcoin is still on the rollercoaster ride 🎢! Currently sitting at $62,000 after dipping to $58,000. With macroeconomic factors like inflation and global monetary policies at play, the future remains uncertain. Personally, I’m cautiously optimistic; while the RSI is stable, we could see a push towards $65,000 in the next few months. However, any major economic shifts could throw a wrench in those predictions.

Will central bank policies affect demand for Bitcoin? 🤔 Buckle up; it’s going to be a wild ride!

What will now happen to our much anticipated bull run, aren't this what we should be talking about now, why are we still talking about bitcoin roller-coaster ride like we are going into, or already in a bear season again?.

Well, don't mind me, I am just trying to be sarcastic, but on the more serious note now, should we still be expecting a mega bull run this year and next year or not?
Because, I can only imagine those that are new to crypto and have positioned well and waiting for the bull run that was much talked about some few months back, how would they react when it happens that the bull run is not forth coming?

Anyways, fingers crossed for the remaining days and weeks of this year, hopefully, the supposed roller-coaster ride will usher us all into a very prosperious 2025.

[yhiaali3]

I’m cautiously optimistic; while the RSI is stable, we could see a push towards $65,000 in the next few months.

$65,000 in the next few months???!! This is not cautious optimism, this is pessimism

I am optimistic that Bitcoin will reach $85,000 in the next few months.

However, there is no guarantee that these expectations will come true. The world is witnessing great tensions, especially the escalation of the conflict that threatens to turn into a regional war. Since the Middle East region has the largest oil reserves in the world, we may witness an energy crisis that will cause economic problems in all countries, affecting fiat and Bitcoin.

[0t3p0t]

Seems there is a break of structure so maybe we are going up in the couple of weeks from now not unless price will go down below $54,000. I am seeing $85k at the end of this year but if not then 2025 would be I think the new hope for another all time highs.

[bitterguy28]

I’m cautiously optimistic; while the RSI is stable, we could see a push towards $65,000 in the next few months.

$65,000 in the next few months???!! This is not cautious optimism, this is pessimism

lol exactly people may be playing it safe because bitcoin does not seem to be going to the direction that everyone was expecting it to so now all expectations are diluted for bitcoin to reach $65k in the next few months is realistic and nothing to be optimistic about because that is such a low benchmark

do not lose faith in bitcoin it can still surpass $70k before this year ends i believe

Since the Middle East region has the largest oil reserves in the world, we may witness an energy crisis that will cause economic problems in all countries, affecting fiat and Bitcoin.

what i really like about bitcoin is since it is not based anywhere specific in the world the market is not fully dependent on only one event one thing can happen at this country and it will still not totally crash down bitcoin

[TomPluz]

...but on the more serious note now, should we still be expecting a mega bull run this year and next year or not? Because, I can only imagine those that are new to crypto and have positioned well and waiting for the bull run that was much talked about some few months back, how would they react when it happens that the bull run is not forth coming?

They would surely be greatly disappointed with some quitting and even some calling Bitcoin as just another scam...of course there is always a big KEY here and that is keep holding on as we can never be sure if just a week after there might be even be a big surge not seen before. We are indeed in a rollercoaster and nobody can be sure when will the peak will be...all of us are just waiting here and just reading our tap for the high tide to come...hopefully we can catch some big fish for dinner.

[yhiaali3]

what i really like about bitcoin is since it is not based anywhere specific in the world the market is not fully dependent on only one event one thing can happen at this country and it will still not totally crash down bitcoin

Yes, that's exactly what motivated Satoshi to invent Bitcoin, he was looking for a currency that would not be tied to any country or any economy so that if anything happened it would not be affected and that's exactly the secret of Bitcoin's strength.

Look at the dollar for example, if anything happened to the United States as a superpower or its economy collapsed (as it almost did in 2008) the dollar would inevitably collapse, while Bitcoin is not tied to any country or economy and therefore it cannot be affected by the collapse of any country or economy.

[legend45]

what i really like about bitcoin is since it is not based anywhere specific in the world the market is not fully dependent on only one event one thing can happen at this country and it will still not totally crash down bitcoin

Yes, that's exactly what motivated Satoshi to invent Bitcoin, he was looking for a currency that would not be tied to any country or any economy so that if anything happened it would not be affected and that's exactly the secret of Bitcoin's strength.

Look at the dollar for example, if anything happened to the United States as a superpower or its economy collapsed (as it almost did in 2008) the dollar would inevitably collapse, while Bitcoin is not tied to any country or economy and therefore it cannot be affected by the collapse of any country or economy.

Bitcoin is not affected by any country but don't forget that bitcoin is affected by geopolitics and the global economy. The financial freedom that we can get from bitcoin is that the state cannot control bitcoin and this is the freedom that many people crave. We can make transactions anytime, unfortunately in some countries bitcoin is still prohibited as a payment method.

[Mia Chloe]

Bitcoin is still on the rollercoaster ride 🎢! Currently sitting at $62,000 after dipping to $58,000. With macroeconomic factors like inflation and global monetary policies at play, the future remains uncertain. Personally, I’m cautiously optimistic; while the RSI is stable, we could see a push towards $65,000 in the next few months. However, any major economic shifts could throw a wrench in those predictions.

Volatility has both it's advantages and disadvantages on the market. And one obvious advantage of volatility in the case of bitcoin is the ability for it to gain strong momentum especially in an uptrend. It think around sometime last year shortly before halving we experienced a sudden pump that pushed bitcoin to over $72k however it was actually accompanied by a strong pullback too that took us back to around weak $60k+.

The thing is volatility of the market is what makes it difficult to accurately predict the movement of the market. Sometimes a little news or move of coins by whales can cause panic in the market causing price to drop a little too.

[pieppiep]

what i really like about bitcoin is since it is not based anywhere specific in the world the market is not fully dependent on only one event one thing can happen at this country and it will still not totally crash down bitcoin

Yes, that's exactly what motivated Satoshi to invent Bitcoin, he was looking for a currency that would not be tied to any country or any economy so that if anything happened it would not be affected and that's exactly the secret of Bitcoin's strength.

Look at the dollar for example, if anything happened to the United States as a superpower or its economy collapsed (as it almost did in 2008) the dollar would inevitably collapse, while Bitcoin is not tied to any country or economy and therefore it cannot be affected by the collapse of any country or economy.

Bitcoin is not affected by any country but don't forget that bitcoin is affected by geopolitics and the global economy. The financial freedom that we can get from bitcoin is that the state cannot control bitcoin and this is the freedom that many people crave. We can make transactions anytime, unfortunately in some countries bitcoin is still prohibited as a payment method.

Bitcoin is free from state control, however it does not exclude other controls, which are linked more with geopolitical and economic situations in the world. The financial freedom that the technology wants to offer is actually coupled with instability of price since the price of Bitcoin fluctuates depending on political unpredictability, world economic policies and even polices from influential countries. Hence it is most dangerous to pin one’s chances of financial freedom to this Bitcoin without offsetting understanding of such factors.

This is because, in order to avoid this uncertainty, users of the Bitcoin need to remain as alert as possible and attempt to hedge their bets. Elles requièrent ainsi que les investisseurs prennent en compte non seulement Bitcoin, mais d’autre chose – d’autres actifs cryptographiques, ou des matières premières, ou des investissements plus sûrs traditionnels. Besides, attempts to establish communication with local authorities can create conditions for increased acceptance of Bitcoin for payment, so that the freedom which is to be achieved here does not result in the violation of laws which the subject survives. It is possible to get more benefits from Bitcoin and to avoid the problems and dangers that exist in the sphere, if to act in moderation.

[royalRitta]

what i really like about bitcoin is since it is not based anywhere specific in the world the market is not fully dependent on only one event one thing can happen at this country and it will still not totally crash down bitcoin

Yes, that's exactly what motivated Satoshi to invent Bitcoin, he was looking for a currency that would not be tied to any country or any economy so that if anything happened it would not be affected and that's exactly the secret of Bitcoin's strength.

Look at the dollar for example, if anything happened to the United States as a superpower or its economy collapsed (as it almost did in 2008) the dollar would inevitably collapse, while Bitcoin is not tied to any country or economy and therefore it cannot be affected by the collapse of any country or economy.

Bitcoin is not affected by any country but don't forget that bitcoin is affected by geopolitics and the global economy. The financial freedom that we can get from bitcoin is that the state cannot control bitcoin and this is the freedom that many people crave. We can make transactions anytime, unfortunately in some countries bitcoin is still prohibited as a payment method.

And, overall would BTC be used conveniently as the payment method for a go-to life? I wouldn't think so.
Though what you say is right - even if BTC is affected by the geopolitics to a slight degree, it would still bounce back eventually.

[TokenTactician24]

Well, I am already used to the rollercoaster nature of Bitcoin and if one is surprised of this nature then he must to get acquainted with it. With Donald J, Trump poised to win the November 5 election against the weak and "knucklehead" team of Harris/Walz, there can be more energy by the market come next month. The Middle East problem may continue to be affecting for the remaining days of 2024 but there can be more bright sides in the first quarter of 2025. As what I said in other posts, we can be lucky if BTC can be able to make it beyond the $70K line and make a new ATH before December 31...as we know that December is not also a very good month for the crypto market.

Haha, you’re right! Bitcoin's rollercoaster ride is no surprise at this point. If Trump’s win does bring market energy, we might see that $70K push. But with the Middle East crisis and global inflation still in play, I’m keeping my expectations cautious for Q4. Historically, December hasn't been kind to crypto, so we might have to brace for more volatility before year-end!

[TokenTactician24]

Bitcoin is still on the rollercoaster ride 🎢! Currently sitting at $62,000 after dipping to $58,000. With macroeconomic factors like inflation and global monetary policies at play, the future remains uncertain. Personally, I’m cautiously optimistic; while the RSI is stable, we could see a push towards $65,000 in the next few months. However, any major economic shifts could throw a wrench in those predictions.

Will central bank policies affect demand for Bitcoin? 🤔 Buckle up; it’s going to be a wild ride!

What will now happen to our much anticipated bull run, aren't this what we should be talking about now, why are we still talking about bitcoin roller-coaster ride like we are going into, or already in a bear season again?.

Well, don't mind me, I am just trying to be sarcastic, but on the more serious note now, should we still be expecting a mega bull run this year and next year or not?
Because, I can only imagine those that are new to crypto and have positioned well and waiting for the bull run that was much talked about some few months back, how would they react when it happens that the bull run is not forth coming?

Anyways, fingers crossed for the remaining days and weeks of this year, hopefully, the supposed roller-coaster ride will usher us all into a very prosperious 2025.

Haha, love the sarcasm! But let’s be real for a second – expecting a guaranteed bull run is like counting your eggs before they hatch. Sure, there's buzz every year about a big rally, but history shows us that crypto can be as unpredictable as ever. The market’s still reacting to global issues like inflation and Middle East tensions. So maybe we need to prepare for more of the *roller-coaster* before we get our golden ticket!