After the dip in crypto, when are we expecting ath? - page 2.

EarnOnVictor

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Quote from: Nangiconference on April 26, 2024, 01:04:49 PM

With the information I gathered about cryptocurrency, I had interest and decided to buy some coins.
Being fully aware of the volatility of these coins, I was patient and did not panic as their were various degrees of ups and down and was told that this year is the best time to invest in crytocurrency due to the bitcoin halving which has taken place. I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline.
I do not know how soon they will begin to rise again.

You have to be patient my friend, even if Bitcoin will not perform as hugely as people expect, I am certain that it will still edge towards a profitable investment for you. This is why you have to learn and have a full understanding of what you are committing your money to. Every investment is a risk and you should never invest more than what you can afford to lose regardless of how promising that asset is. This includes Bitcoin as it will always have its ups and downs moments since there is no asset that can be moving up in a straight slope, this is why they say the market is dynamic, you can't always accurately predict it.

But one thing you forgot to mention is the price at which you struck the asset, it would have helped me to guide you better. Above all, if you buy Bitcoin at a high price, do not think you will gain much since your risk is even higher than those investors who struck it at a low price. Such like you should also be so proactive and speculative about this so that you liquidate your position when a confirmed bearish mode is activated.

Lastly, my advice for you is to go and learn more about trading and investment and not rely on what you hear or what people dictate to you.

Hamphser

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Quote from: lepbagong on May 28, 2024, 09:16:38 PM

Quote from: erep on May 27, 2024, 12:09:01 PM

Quote from: Gozie51 on May 27, 2024, 10:08:07 AM

Quote from: Nangiconference on April 26, 2024, 01:04:49 PM

I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline.
I do not know how soon they will begin to rise again.

Funny and you will still watch it increase to your surprise. I guess you are a new hodler which is why you are scared. Well, the expectation is still high for the price of bitcoin to increase. At least with the history of bitcoin, it has not done a bull run after the halving because the increase it did to get above $70k was before halving so it has to do a traditional bull run that follows the history of bitcoin halving. So you have to be patient and probably wait for a year more to be worried but for now take a chill pill and DCA for more in your wallet.

I think he holds several other altcoins so he is worried about the price drop because all altcoins were not positively affected after bitcoin reached the current price of $70k, that's why we always recommend holding bitcoin for your portfolio, even if you hold altcoins don't recommend above 30% of your total assets because we review each potential coin differently and some altcoins end up being scams only causing price and trading volume losses, so choose wisely ETH and Bnb altcoins in my opinion are the best choices of coins besides BTC.

Holding potential altcoins is, of course, still quite good and trustworthy, such as Ethereum, BNB, SOL, but it is true, and I agree with you that holding other altcoins certainly cannot be recommended, because many things happen that are beyond predictions.
I think the portion that is done as you say is very reasonable, 30% for altcoins and the rest is all a priority for bitcoin, because the potential for bitcoin is greater and very small losses can occur.
Many people complain that Bitcoin is too expensive, so you can use the DCA scheme, waiting for the renewable ATH to occur in 2025. So there is still quite a long time to be able to prepare.

When it comes to altcoin investment then it wont really be that a bad option on which you could really be that still consider on having that investment but of course the moment you would really be tending to diversify then risks would multiple too and same goes with earning opportunity on which this is something that we will really be able to achieve too, this is where most people would really be trying out to deal up with such thing. This is where we do tend to jump into tons of options as much as we could but of course the more would really be more riskier.

Talking generally about dips and pumps then it would be always be that a part of crypto space or something which is really that normal since we are really that dealing with speculative market
on which price movements is something that you cant really be able to know and everyone that deals up with this market. This is why we do really keep on making those speculations
no matter what and its normal that there would be too high price or low ones. There's no right or wrong on this one.

Yamifoud

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Quote from: Nangiconference on April 26, 2024, 01:04:49 PM

With the information I gathered about cryptocurrency, I had interest and decided to buy some coins.
Being fully aware of the volatility of these coins, I was patient and did not panic as their were various degrees of ups and down and was told that this year is the best time to invest in crytocurrency due to the bitcoin halving which has taken place. I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline.
I do not know how soon they will begin to rise again.

We never know either but we live with hope and trust that the market will always recover after the dip, we just need to stay strong and patient enough as it was not right to happen instantly. That is also why we should choose the right coins, those coins that have been known for their profit potential, not just because it was introduced in social media. Keeping these things has no chance of losing but rather earning money.

Currently, the price of Bitcoin is at $67,766, which is not high enough to say for ATH but we can expect it until next year. Was not long to wait if we were patient.

lepbagong

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Quote from: erep on May 27, 2024, 12:09:01 PM

Quote from: Gozie51 on May 27, 2024, 10:08:07 AM

Quote from: Nangiconference on April 26, 2024, 01:04:49 PM

I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline.
I do not know how soon they will begin to rise again.

Funny and you will still watch it increase to your surprise. I guess you are a new hodler which is why you are scared. Well, the expectation is still high for the price of bitcoin to increase. At least with the history of bitcoin, it has not done a bull run after the halving because the increase it did to get above $70k was before halving so it has to do a traditional bull run that follows the history of bitcoin halving. So you have to be patient and probably wait for a year more to be worried but for now take a chill pill and DCA for more in your wallet.

I think he holds several other altcoins so he is worried about the price drop because all altcoins were not positively affected after bitcoin reached the current price of $70k, that's why we always recommend holding bitcoin for your portfolio, even if you hold altcoins don't recommend above 30% of your total assets because we review each potential coin differently and some altcoins end up being scams only causing price and trading volume losses, so choose wisely ETH and Bnb altcoins in my opinion are the best choices of coins besides BTC.

Holding potential altcoins is, of course, still quite good and trustworthy, such as Ethereum, BNB, SOL, but it is true, and I agree with you that holding other altcoins certainly cannot be recommended, because many things happen that are beyond predictions.
I think the portion that is done as you say is very reasonable, 30% for altcoins and the rest is all a priority for bitcoin, because the potential for bitcoin is greater and very small losses can occur.
Many people complain that Bitcoin is too expensive, so you can use the DCA scheme, waiting for the renewable ATH to occur in 2025. So there is still quite a long time to be able to prepare.

STT

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2025 at the earliest imo not that Iam a pessimist but its too late now to hope for a grand ATH to be set this year. If you hope for that you arent aiming very high at all.

The one factor to really weigh in and say otherwise with an unstoppable inertia is the 200 day average. It is the most commonly known and referred to technical indicator, its completely simple in its nature and reflection.

The 50 day wavers which is useful variance on a trading basis perhaps but the 200 day we can see recently is just almost a straight line up. Despite our current troubles we have that fallback of a long term positive. However that does mean 2025 to me, this year would be too soon imo.

erep

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Quote from: Gozie51 on May 27, 2024, 10:08:07 AM

Quote from: Nangiconference on April 26, 2024, 01:04:49 PM

I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline.
I do not know how soon they will begin to rise again.

Funny and you will still watch it increase to your surprise. I guess you are a new hodler which is why you are scared. Well, the expectation is still high for the price of bitcoin to increase. At least with the history of bitcoin, it has not done a bull run after the halving because the increase it did to get above $70k was before halving so it has to do a traditional bull run that follows the history of bitcoin halving. So you have to be patient and probably wait for a year more to be worried but for now take a chill pill and DCA for more in your wallet.

I think he holds several other altcoins so he is worried about the price drop because all altcoins were not positively affected after bitcoin reached the current price of $70k, that's why we always recommend holding bitcoin for your portfolio, even if you hold altcoins don't recommend above 30% of your total assets because we review each potential coin differently and some altcoins end up being scams only causing price and trading volume losses, so choose wisely ETH and Bnb altcoins in my opinion are the best choices of coins besides BTC.

lixer

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Quote from: STT on May 25, 2024, 06:39:56 PM

The more substantial and volume consolidation that occurs the more optimistic I become for a higher ATH and one that can last. If we fail in any attempts to move downwards that ironically does raise possibilities on an improved ATH and general gains. At the moment the situation is more balanced with neither side moving us out of a range for months now.

Price depends on the volume too, so it's no brainer that if there is more volume, we can also expect that more price will be added a long the way. There is only no guarantees if it can last longer because it also attracts more people to sell most of their coins and that can dragged the price down very easily.

When you say attempt it means intentional but I think many of us doesn't want the price to go down and when it does, it only happens accid0entally. IMO BTC's volatility is still there but nowadays we are moving upwards than downwards. This is because the presence of the bull run is still there due to the recent positive events that we had last time.

Gozie51

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Quote from: Nangiconference on April 26, 2024, 01:04:49 PM

I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline.
I do not know how soon they will begin to rise again.

Funny and you will still watch it increase to your surprise. I guess you are a new hodler which is why you are scared. Well, the expectation is still high for the price of bitcoin to increase. At least with the history of bitcoin, it has not done a bull run after the halving because the increase it did to get above $70k was before halving so it has to do a traditional bull run that follows the history of bitcoin halving. So you have to be patient and probably wait for a year more to be worried but for now take a chill pill and DCA for more in your wallet.

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Quote from: STT on May 25, 2024, 06:39:56 PM

The more substantial and volume consolidation that occurs the more optimistic I become for a higher ATH and one that can last. If we fail in any attempts to move downwards that ironically does raise possibilities on an improved ATH and general gains. At the moment the situation is more balanced with neither side moving us out of a range for months now.

The current market situation does look more balanced and is not bad for most people who still want to enter it to make the next entry to purchase Bitcoin if they also have the confidence to see a higher ATH than before in the same year, namely this year. However, we all need to see how the market reacts next month to the price of Bitcoin itself because it is currently starting to look stable in the $68K to $70K price range. This indicates that we still need to hope for a better price increase in the next month in order to see a new ATH again this year.

danherbias07

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This is where it goes wrong when an investor is impatient with his investments.
Didn't you plan ahead? Is the money you used to invest already needed? Or did you use the money that you are ready to wait for another 2 years or more?
Those kind of questions, you should've asked yourself first.

Bitcoin ain't short term investment unless you are a trader which have a big difference.
Check the history of Bitcoin at how much value it started and how long has it been before it reached this point. The same goes for other reputable coins that are still alive and kicking and also supported by many cryptocurrency enthusiast. They will keep on running and for me Bitcoin is actually still a baby because we still haven't seen a massive adoption.

Mayor of ogba

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Quote from: Nangiconference on April 26, 2024, 01:04:49 PM

With the information I gathered about cryptocurrency, I had interest and decided to buy some coins.
Being fully aware of the volatility of these coins, I was patient and did not panic as their were various degrees of ups and down and was told that this year is the best time to invest in crytocurrency due to the bitcoin halving which has taken place. I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline.
I do not know how soon they will begin to rise again.

From my understanding, you invested in cryptocurrency because, according to what people told you after the bitcoin halving happened, the market used to be good and investors used to be in profit. You are asking this question because it's not what you were told you were seeing again in your crypto investment. This is why it is always good to carry out your research to know how cryptocurrency works so that you can decide if you can go ahead with the investment or not. From the way your portfolio is dropping, I can tell you invested in altcoins. Op, it isn't certain you will make a profit from your cryptocurrency investment because you invested in altcoins, where the project team is interested in taking people's money to live a better life. You can research the coins you bought to know if the teams are working hard to make sure their prices increase again. You can search for those coins in Coingecko or Coinmarketcap if they are listed there to see their social media links and telegram links and find out the cause of why they keep reducing every day. Also, pray that you didn't invest in coins that were shilled by influencers; if not, you will lose all the money that you used to invest in cryptocurrency.

BITCOIN4X

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Quote from: Nangiconference on April 26, 2024, 01:04:49 PM

With the information I gathered about cryptocurrency, I had interest and decided to buy some coins.
Being fully aware of the volatility of these coins, I was patient and did not panic as their were various degrees of ups and down and was told that this year is the best time to invest in crytocurrency due to the bitcoin halving which has taken place. I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline.
I do not know how soon they will begin to rise again.

You may have made the right decision to invest, but you may have also made the wrong choice in selecting potential coins that should be in your investment portfolio. If the price of the coin you own is currently falling, then the only advice I can suggest is to be patient and wait for the moment. Prices will rise over time as trader and investor interest increases, but if you have diversified into many altcoins then you may have to double your patience.

Just accumulate as much as you can on some potential coins you have in your portfolio especially if you find the price is still low. But if you don't want to do it on the same altcoin, then choose bitcoin and focus your plans on it. Bitcoin has very promising potential in the long term, it will help you get profits worth it with the risk instead only at altcoin.

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Quote from: STT on May 25, 2024, 06:39:56 PM

The more substantial and volume consolidation that occurs the more optimistic I become for a higher ATH and one that can last. If we fail in any attempts to move downwards that ironically does raise possibilities on an improved ATH and general gains. At the moment the situation is more balanced with neither side moving us out of a range for months now.

Yes I have realized it because it been months since Bitcoin is surpassing neither the support or resistance by huge margin and we are struck between $60k to $70k for a while though the price of Bitcoin crossed $70k this week again it's under $70k. I think we may say similar market trend for a while until a major volume consolidation takes place.

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Currently crypto prices (especially the prices of Bitcoin and big altcoins) are relatively high because ahead of the halving the prices of Bitcoin and most altcoins have risen drastically. It's best to wait until the halving moment ends and the crypto market enters a bearish phase because if you buy now the risk is very high. I know this momentum will not happen in the near future because to find the best moment to buy you have to do analysis and require patience.

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I think, they will definitely going to increase higher in the future if you can exercise patience in your holding, Because the bear season is still on which is the reason your coins are losing value anytime the price decrease in the market. You don't need to be afraid OP, if you witness the bullish season that happened easily this year, you will know that the bullish season will still appear before the end of this year and the price will reach $80,000 or $100,000 for long term investors to experience another ATH. If you want to be part of those that will going to experience $100,000 in the future, do everything possible to ensure your coins are safe in your wallet and continue holding until the price reach the price of your choice before you can release your coins for sale.

STT

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The more substantial and volume consolidation that occurs the more optimistic I become for a higher ATH and one that can last. If we fail in any attempts to move downwards that ironically does raise possibilities on an improved ATH and general gains. At the moment the situation is more balanced with neither side moving us out of a range for months now.

Asiska02

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Quote from: Nangiconference on April 26, 2024, 01:04:49 PM

With the information I gathered about cryptocurrency, I had interest and decided to buy some coins.
Being fully aware of the volatility of these coins, I was patient and did not panic as their were various degrees of ups and down and was told that this year is the best time to invest in crytocurrency due to the bitcoin halving which has taken place. I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline.
I do not know how soon they will begin to rise again.

You don’t invest in crypto when you’re not ready for that. No one will be hold accountable for anything that might result from that your investment in altcoins. The cryptocurrency market is volatile and you must have to learn how to control your emotions after investment in crypto. You should also consider yourself as a long term holder because that will be the best way to be profitable in crypto. You were told that after halving, coins will do well and perform better with a lot of profits to be accumulated after halving. It is true about that statement but what no one knows is when it’ll take place and how profitable it can be this year or maybe the coming years before we’ll experience it.

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Quote from: darkangel11 on May 25, 2024, 03:04:00 PM

There's so much going on in the space that nobody will tell you when the bull run will happen and if it will.
One of those things is the ETH ETF which may cause some investors to switch from bitcoin to Ether because they feel like ETH has greater potential for price growth. I'm not saying this will lower the price of bitcoin, but it might, at least temporarily. I expect another ATH this cycle, but the cycle can last for another year. Don't put yourself in a situation where you have to get an ATH in the next 2 or 3 months, or you'll go bankrupt.

This is the problem for most of the newbies that the moment they decide to invest, they are also very eager to reap instant profits which is highly impossible for bitcoin since it’s certainly a long term investment. If this will be their mindset, it’s better that they’ll just stay away from bitcoin and focus on those physical investments where immediate profits may be possible.

No one actually knows when we will achieve bitcoin new ATH. It could be the end of the year or maybe next year. Then best thing to do now is focus on the dips and continue doing DCA. In no time, we will see inevitable profits coming into our account, patience is the key.

darkangel11

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There's so much going on in the space that nobody will tell you when the bull run will happen and if it will.
One of those things is the ETH ETF which may cause some investors to switch from bitcoin to Ether because they feel like ETH has greater potential for price growth. I'm not saying this will lower the price of bitcoin, but it might, at least temporarily. I expect another ATH this cycle, but the cycle can last for another year. Don't put yourself in a situation where you have to get an ATH in the next 2 or 3 months, or you'll go bankrupt.

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Quote from: boyptc on May 24, 2024, 06:55:09 PM

They don't take advantage when Bitcoin goes on a dip because they think that it's still too expensive for them to buy. While many are interested to wait for the all time high.

Some of them will do the actual thing of accumulation but then won't follow the plans that they have thought when they're waiting for the dip.

It's not going to be easy for one to see the profits when you are not decided but to give everyone a food for thought, if you are aware that Bitcoin is here to stay then that's one factor that you should consider.

The individuals who are waiting more in order to find a price better than this often lose the opportunity to invest and reason is their own mistakes. I think if you have money then don't wait more because during other times the price will be lower but you will have no money therefore take the advantage of a better time.

If you have planned then follow your plan because it will help you to reduce your greed and all your decisions will be accurate because there will be no emotions in your way. Those who change their mind due to market fluctuations and because their friends don't like to sell that time will make mistakes in future because all the time your friend's decision is not accurate and sometimes you have to think about yourself.

Topic: After the dip in crypto, when are we expecting ath? - page 2. (Read 813 times)