another ATH , 71k and still climbing. - page 3.

enwi

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Quote from: buwaytress on May 16, 2024, 10:38:52 AM

Only $70k? Have the massive Bitcoin bulls become so conservative or are pickings just too slim elsewhere? We're not yet climbing to ATH, so a move up now is temporary. Would actually prefer to be testing some lows at this stage, been a while since we've had a proper scare, everything's far too rosy for my liking.

And where on earth did that looming global crisis disappear to? I feel like we're due one, not this piffling coy little play things of inflation reports.

That's right, Happy 2024 still has quite a long time and there is still a chance to print a new ATH. What we need to do is keep saving very large amounts of Bitcoin and make sure we never use it, maybe for the next ten years then huge profits will come your way.

buwaytress

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Only $70k? Have the massive Bitcoin bulls become so conservative or are pickings just too slim elsewhere? We're not yet climbing to ATH, so a move up now is temporary. Would actually prefer to be testing some lows at this stage, been a while since we've had a proper scare, everything's far too rosy for my liking.

And where on earth did that looming global crisis disappear to? I feel like we're due one, not this piffling coy little play things of inflation reports.

pinggoki

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Quote from: pawel7777 on May 15, 2024, 05:38:02 PM

A fun fact, if adjusted for inflation, Bitcoin has not yet broken the previous ATH.
According to this article (from March 2024): https://truflation.com/blog/sober-truth-bitcoins-real-all-time-high-is-76-623 the previous ATH of $69,044.77 (Nov 2021), when adjusted for inflation is an equivalent of $76,623.74 in today's money (or March's money).

I think it's a good idea to focus more on the actual value (i.e. purchasing power) instead of looking at the nominal figures only. It helps put things in perspective, especially when comparing prices in 4-year cycles.

Sure but some people can't help but look at it and be awed at the wonderful thing that's currently happening with bitcoin, I mean the price is going up and if you're hodling, you know that you're going to be making a lot of profit from that and the inflation is just for the USD right? If that's the case then it's just a problem for those that are mainly on the USD using country, not those that are using it as a primary currency. I would also like for people to chill down with your hype around 100k bitcoin because it's not going to go to that point anytime soon, remember that there are other anonymous investors out there that don't have the 100k as their target price and there are thousands of people selling everyday because the bitcoin price moved up a little.

legendbtc

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Quote from: Dave1 on May 15, 2024, 08:29:44 AM

Quote from: Nrcewker on April 24, 2024, 12:20:13 PM

Quote from: tengui on April 17, 2024, 04:48:21 AM

Personally I still hold it. Even though currently the price of bitcoin tends to fall, I am sure that in the next opportunity the price of bitcoin will reach a much higher ATH than before. My target is not just $75k but $100k, and I am determined to continue hold until the price of bitcoin reaches $100k.

I like this type of attitude. People and investors need to have clarity like this. If you are investing in Bitcoins, then you need to think of something big. I have often seen the investors get into fear and panic sell the coins when price starts falling. Instead what they can really do is think this as an opportunity and buy the coins at cheap price. I have even heard that many people are planning to hold the coins till it reaches 500k USD. So lets hope for the best and keep on accumulating the coins.

Wow, that's a big price, but I think it's achievable in the next 5 years or so. But right now, the target is $100k, at least that is the conservative estimates that almost majority thinks that we will hit in the next bull run or our new all time high.

Dreams are not taxed so we can predict and dream about the price bitcoin can achieve, 500k$ or 1 million...But let's look at the fact that we haven't even reached our $100K goal, which we've been dreaming about since the 2021 bull season but it hasn't happened so far. So, expecting a higher ATH is unrealistic. Bitcoin still has long-term upside potential, but we also need to note that bitcoin's growth rate is gradually slowing down and becoming more stable. Bitcoin has become bigger, it can no longer bring x10, x100 profits like when the capitalization was small. So, expecting bitcoin to reach $500k or $1 million is somewhat exaggerated and unrealistic, let alone claiming that it will happen in the next 5 years.

pawel7777

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A fun fact, if adjusted for inflation, Bitcoin has not yet broken the previous ATH.
According to this article (from March 2024): https://truflation.com/blog/sober-truth-bitcoins-real-all-time-high-is-76-623 the previous ATH of $69,044.77 (Nov 2021), when adjusted for inflation is an equivalent of $76,623.74 in today's money (or March's money).

I think it's a good idea to focus more on the actual value (i.e. purchasing power) instead of looking at the nominal figures only. It helps put things in perspective, especially when comparing prices in 4-year cycles.

Dave1

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Quote from: Nrcewker on April 24, 2024, 12:20:13 PM

Quote from: tengui on April 17, 2024, 04:48:21 AM

Personally I still hold it. Even though currently the price of bitcoin tends to fall, I am sure that in the next opportunity the price of bitcoin will reach a much higher ATH than before. My target is not just $75k but $100k, and I am determined to continue hold until the price of bitcoin reaches $100k.

I like this type of attitude. People and investors need to have clarity like this. If you are investing in Bitcoins, then you need to think of something big. I have often seen the investors get into fear and panic sell the coins when price starts falling. Instead what they can really do is think this as an opportunity and buy the coins at cheap price. I have even heard that many people are planning to hold the coins till it reaches 500k USD. So lets hope for the best and keep on accumulating the coins.

Wow, that's a big price, but I think it's achievable in the next 5 years or so. But right now, the target is $100k, at least that is the conservative estimates that almost majority thinks that we will hit in the next bull run or our new all time high.

And then after that if you don't sell in this bull run and continue to hold then good for you. Others though might take some profit this bull run. But me thinking though what you said, because if I just hold my coins that I accumulated from the last bear market it could really be big money this incoming bull run but it's mentally tough but it's doable in my opinion.

Smack That Ace

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Quote from: btc_angela on May 15, 2024, 04:47:42 AM

Quote from: OrangeII on May 15, 2024, 03:45:15 AM

Even though currently the price of bitcoin is falling, I really believe that the price of bitcoin might exceed its ATH again. in a few months, I think it could exceed $75k, and could even reach $100k in the future. There are many factors that make it difficult for the price of bitcoin to rise at the moment, but sooner or later, the effects of the halving will probably push the price of bitcoin to reach a new ATH.

We are looking at around $100k++ as the next all time high for us, and almost remember that,

a. after halving it will take months or at least half a year to see the price going up
b. it's also business, there are miners who really have to need to make money, so sooner or later the market will bounce back

So key here is that we already have the precedence, previous historical logs tells us that every after halving, the price is going on a parabolic rise and a new all time high is going to be set by the market.

Based on history and theory, we are in for a bullish season in the next few months. But there is one difference: this year we have bitcoin ETFs and the world economic situation is still in a bad phase so it is difficult to confirm that the bull season will come.

I still hope history will repeat itself and am still waiting for bull season to arrive. But I will not forget to prepare myself for the scenario that the bull season may be delayed due to the influence of the macroeconomic situation as well as the manipulation of bitcoin ETFs.

Prepare yourself a backup plan, don't be too subjective and overconfident in the two factors you mentioned, they will definitely create a bullish market for us.

btc_angela

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Quote from: OrangeII on May 15, 2024, 03:45:15 AM

Even though currently the price of bitcoin is falling, I really believe that the price of bitcoin might exceed its ATH again. in a few months, I think it could exceed $75k, and could even reach $100k in the future. There are many factors that make it difficult for the price of bitcoin to rise at the moment, but sooner or later, the effects of the halving will probably push the price of bitcoin to reach a new ATH.

We are looking at around $100k++ as the next all time high for us, and almost remember that,

a. after halving it will take months or at least half a year to see the price going up
b. it's also business, there are miners who really have to need to make money, so sooner or later the market will bounce back

So key here is that we already have the precedence, previous historical logs tells us that every after halving, the price is going on a parabolic rise and a new all time high is going to be set by the market.

OrangeII

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Even though currently the price of bitcoin is falling, I really believe that the price of bitcoin might exceed its ATH again. in a few months, I think it could exceed $75k, and could even reach $100k in the future. There are many factors that make it difficult for the price of bitcoin to rise at the moment, but sooner or later, the effects of the halving will probably push the price of bitcoin to reach a new ATH.

lepbagong

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Quote from: tengui on April 17, 2024, 04:48:21 AM

Personally I still hold it. Even though currently the price of bitcoin tends to fall, I am sure that in the next opportunity the price of bitcoin will reach a much higher ATH than before. My target is not just $75k but $100k, and I am determined to continue hold until the price of bitcoin reaches $100k.

You have done the right thing by continuing to hold it, because the ATH will occur for the second time and will be bigger than the previous one that was done before the halving occurred.
$100K was a prediction that was made in 2021 but was not fulfilled, but with the current situation it will probably happen at the end of this year, before finally forming a renewable ATH in 2025, which will probably be even higher.

STT

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I think the lows recently caught an uptrend that extends over months going back to last year however the recent action has formed some negative action that will have to be digested before we can progress especially

The uptrend or diagonal line upwards here is roughly in line with the majority of the BTC price action since we registered lows early autumn last year. Since that time the pace has been regularly positive, we could not have reached 70k aand held it so well if that were not roughly true as a spike up is very often returned backwards just as fast.

The uptrend should be stronger as the longer duration of the two. We just have to see that fight play out and correctly confident to back the winner when it concludes. We are below the 50 day average and we are just lying on the weekly average so its a fight still underway.

BABY SHOES

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Quote from: Nrcewker on April 24, 2024, 12:20:13 PM

Quote from: tengui on April 17, 2024, 04:48:21 AM

Personally I still hold it. Even though currently the price of bitcoin tends to fall, I am sure that in the next opportunity the price of bitcoin will reach a much higher ATH than before. My target is not just $75k but $100k, and I am determined to continue hold until the price of bitcoin reaches $100k.

I like this type of attitude. People and investors need to have clarity like this. If you are investing in Bitcoins, then you need to think of something big. I have often seen the investors get into fear and panic sell the coins when price starts falling. Instead what they can really do is think this as an opportunity and buy the coins at cheap price. I have even heard that many people are planning to hold the coins till it reaches 500k USD. So lets hope for the best and keep on accumulating the coins.

They have high optimism so they have confidence where the price of bitcoin can go to $100K according to their predictions, for me this prediction is still reasonable because it is bullish before it fully comes, if we expect more then it is still very possible and let investors have confidence according to their wishes.

My first target - $100K second $150K so when the price hits target 1 will release half the bitcoin owned then when the price of bitcoin continues to soar then $150K will release all of its holdings.

I have no doubt. Even many people predict beyond reason but it doesn't matter this is just part of their speculation and predictions that are said.

ScamViruS

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Quote from: Uhwuchukwu53 on April 24, 2024, 12:24:05 AM

Quote from: ScamViruS on April 18, 2024, 05:46:12 PM

Quote from: tengui on April 17, 2024, 04:48:21 AM

Personally I still hold it. Even though currently the price of bitcoin tends to fall, I am sure that in the next opportunity the price of bitcoin will reach a much higher ATH than before. My target is not just $75k but $100k, and I am determined to continue hold until the price of bitcoin reaches $100k.

Those who look at the market from a long-term perspective still hold their bitcoins to reach the 100k target. In the short term, market changes don't really affect them as much as they do you. Bitcoin will definitely go to 100k but it may take time, and patient investors will win in the end because they know the future potential of Bitcoin. So I think your decision is right about waiting until you achieve the 100k bitcoin target. Bitcoin has already broken the previous ATHs, Bitcoin is now in the price discovery stage so it will be most interesting to see where Bitcoin's next stop will be.

Yes this period is where decision making is very important I know is hard to do away with emotions particularly this period ATH is occuring and preparation to the halving where the bull run will soon commenced , it take men with heart and free from emotional disorder to keep holding. Those who really know what they want remain unshakable and unmovable in their holding because their later end is where the game matured.

When an investor tries to look at the market based on the actual state of the market rather than looking at the market emotionally then short-term price changes do not affect them. They are the ones who can take maximum advantage from the market during the next Bitcoin bull market. The way Bitcoin went to the new ATH, many were not ready to see such a big uptrend, and everyone is now considering what the next new ATH will be. The market is correcting now and I think this correction will give a lot of boost to the next uptrend.

Yaunfitda

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Quote from: Nrcewker on April 24, 2024, 12:20:13 PM

Quote from: tengui on April 17, 2024, 04:48:21 AM

Personally I still hold it. Even though currently the price of bitcoin tends to fall, I am sure that in the next opportunity the price of bitcoin will reach a much higher ATH than before. My target is not just $75k but $100k, and I am determined to continue hold until the price of bitcoin reaches $100k.

I like this type of attitude. People and investors need to have clarity like this. If you are investing in Bitcoins, then you need to think of something big. I have often seen the investors get into fear and panic sell the coins when price starts falling. Instead what they can really do is think this as an opportunity and buy the coins at cheap price. I have even heard that many people are planning to hold the coins till it reaches 500k USD. So lets hope for the best and keep on accumulating the coins.

Everyone here think of something big with our investments, and then we have learn thru the years that it is possible. It's really that simply, but it will take a lot of mental fortitude. Because what we gonna do is to buy when the price is low, and that is in bear market, so that is around 2021-2022. And then build your portfolio till 2025. It's not just because we hit all time high already that we will sell right away. We still need a year, to reach new all time high and the prediction is that it will be around 6 digits. So that's where the mental toughness comes in because you still have to wait one full year, + patience in order to make a lot of money in Bitcoin market. But the thing is that many have done it before, so it's just really up to us to stay focus and believed that we can also do it.

Nrcewker

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Quote from: tengui on April 17, 2024, 04:48:21 AM

Personally I still hold it. Even though currently the price of bitcoin tends to fall, I am sure that in the next opportunity the price of bitcoin will reach a much higher ATH than before. My target is not just $75k but $100k, and I am determined to continue hold until the price of bitcoin reaches $100k.

I like this type of attitude. People and investors need to have clarity like this. If you are investing in Bitcoins, then you need to think of something big. I have often seen the investors get into fear and panic sell the coins when price starts falling. Instead what they can really do is think this as an opportunity and buy the coins at cheap price. I have even heard that many people are planning to hold the coins till it reaches 500k USD. So lets hope for the best and keep on accumulating the coins.

Uhwuchukwu53

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Quote from: ScamViruS on April 18, 2024, 05:46:12 PM

Quote from: tengui on April 17, 2024, 04:48:21 AM

Personally I still hold it. Even though currently the price of bitcoin tends to fall, I am sure that in the next opportunity the price of bitcoin will reach a much higher ATH than before. My target is not just $75k but $100k, and I am determined to continue hold until the price of bitcoin reaches $100k.

Those who look at the market from a long-term perspective still hold their bitcoins to reach the 100k target. In the short term, market changes don't really affect them as much as they do you. Bitcoin will definitely go to 100k but it may take time, and patient investors will win in the end because they know the future potential of Bitcoin. So I think your decision is right about waiting until you achieve the 100k bitcoin target. Bitcoin has already broken the previous ATHs, Bitcoin is now in the price discovery stage so it will be most interesting to see where Bitcoin's next stop will be.

Yes this period is where decision making is very important I know is hard to do away with emotions particularly this period ATH is occuring and preparation to the halving where the bull run will soon commenced , it take men with heart and free from emotional disorder to keep holding. Those who really know what they want remain unshakable and unmovable in their holding because their later end is where the game matured.

fullhdpixel

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Quote from: justdimin on April 18, 2024, 04:28:05 AM

it is not easy to wait between that high and low levels as well, not many people remember that and it should be something that we need to be careful about. I personally believe that it is not easy to make something like that, and we should be careful with what we have and not really necessary to go for big.

It depends in your timing. If you enter when the market is giving a sign of bullishness, then waiting for the actual bull run won't be long enough. Same thing can be apply in the opposite market movement. That's great if people don't remember the difficulty because they will only take it easy. The main mechanics of investing is having a patience and if there is something that we must be careful at, that will be during the picking phase or choosing if what cryptos we will decide to buy and HODL.

Quote

and not really necessary to go for big.

It's okay to go for big once things are settled like we have a big capital that are not tied for our personal spendings and we already know what trusted cryptos to buy, then lastly we already have a god-like patience.

qwertyup23

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Quote from: Aanuoluwatofunmi on April 17, 2024, 07:29:38 AM

Quote from: laijsica on April 17, 2024, 05:47:58 AM

Quote from: tengui on April 17, 2024, 04:48:21 AM

Personally I still hold it. Even though currently the price of bitcoin tends to fall, I am sure that in the next opportunity the price of bitcoin will reach a much higher ATH than before. My target is not just $75k but $100k, and I am determined to continue hold until the price of bitcoin reaches $100k.

You are definitely coming up with good ideas. During low BTC prices your holding will help you achieve your goals but you need to be more cautious. We will see a lot of ATHs this year - I think you should aim higher in the meantime as you may not get the opportunity to accumulate BTC at the current price. So I will tell you that you should make your target $100k fixed only then you will get more success.

Its not easy as we all know that during the bear market we should hold, but there is always some profitability in doing so, if you can wait to see the asset of investment you have is within your capacity and then hodl, you will see the reward in due time because the market will definitely rise and pump back as usual when the time reach, but many would have loose patience and hope from waiting till this same time comes and they have the same opportunity they have always waited for.

Just a question, what are your thoughts on the BTC halving? When do we expect its explosive price increase in the market?

From my experience, the price of BTC suddenly increases during the halving but there have been speculations that JP Morgan is trying to tell everyone NOT to invest into BTC. Not sure on how this would affect its price but I am just happy that I got to experience the halving by actually preparing for it- bought $300 worth of fiat and converted it to BTC.

I submit that the price of BTC would reach an ATH perhaps 2-5 weeks from now. My only basis for this is its price history and the past halving on how it exploded on the market which prompted FOMOs to purchase BTCs.

Kemarit

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Quote from: ScamViruS on April 18, 2024, 05:46:12 PM

Quote from: tengui on April 17, 2024, 04:48:21 AM

Personally I still hold it. Even though currently the price of bitcoin tends to fall, I am sure that in the next opportunity the price of bitcoin will reach a much higher ATH than before. My target is not just $75k but $100k, and I am determined to continue hold until the price of bitcoin reaches $100k.

Those who look at the market from a long-term perspective still hold their bitcoins to reach the 100k target. In the short term, market changes don't really affect them as much as they do you. Bitcoin will definitely go to 100k but it may take time, and patient investors will win in the end because they know the future potential of Bitcoin. So I think your decision is right about waiting until you achieve the 100k bitcoin target. Bitcoin has already broken the previous ATHs, Bitcoin is now in the price discovery stage so it will be most interesting to see where Bitcoin's next stop will be.

Right, although we have seen new all time high, that is not the top price for this bull-run as we are expecting the market to go on parabolic rise and reach $100,000 or more next year. So we shouldn't go on a celebratory ride or something. There is more room for us to growth from today to next year.

And that kind of investor is what we call diamond hand, or at least knows that the market has just started to warm up. And now that we are in the halving, the more this set of investors are calm and patience and look at the long-term perspective.

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Quote from: tengui on April 17, 2024, 04:48:21 AM

Personally I still hold it. Even though currently the price of bitcoin tends to fall, I am sure that in the next opportunity the price of bitcoin will reach a much higher ATH than before. My target is not just $75k but $100k, and I am determined to continue hold until the price of bitcoin reaches $100k.

Those who look at the market from a long-term perspective still hold their bitcoins to reach the 100k target. In the short term, market changes don't really affect them as much as they do you. Bitcoin will definitely go to 100k but it may take time, and patient investors will win in the end because they know the future potential of Bitcoin. So I think your decision is right about waiting until you achieve the 100k bitcoin target. Bitcoin has already broken the previous ATHs, Bitcoin is now in the price discovery stage so it will be most interesting to see where Bitcoin's next stop will be.

Topic: another ATH , 71k and still climbing. - page 3. (Read 1452 times)