Bitcoin about to close at the highest price in 78 weeks! Looking strong!💪

Yaunfitda

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Quote from: South Park on November 04, 2023, 04:33:28 PM

Quote from: armanda90 on November 04, 2023, 01:43:37 PM

Quote from: red4slash on October 30, 2023, 07:47:43 PM

Looking at the current conditions it is actually possible that we will try to go higher because after all we have been in the $20 range for a long time and now with the conditions in October which are always positive every year, this could be a good opening for us to move on and enter the next price.
But in this case the condition remains the same of doing what we have to do. Invest and hold because at the end of the day this will only be a temporary uptick because our real goal is not here but somewhere higher than this.

Last month highest of bitcoin price stuck around $32k before going drop and need more than three months later for breaking around $35k, I sure and optimistic with halving one close forward get opportunity to see bitcoin will raise to higher price.

Hold and keep accumulate as much possible during bitcoin around $35k its most worth opportunity before end this year and one or two months before halving with potential bitcoin will up to higher price. Don't afraid keep accumulate as how much possible and spent your money for investing in bitcoin and take profit next year when halving time close or after halving with potential bitcoin up above $50k.

The time we have to accumulate more bitcoin in our wallets is decreasing at an astonishing rate, if people do not want to miss the opportunity to be there when the bull market happens and obtain profits then they need to invest as soon as possible, as it seems inevitable that a new ATH will be formed and bitcoin for the first time will reach six figures, still I think there will be many people too afraid to invest that will lament missing one of the opportunities of their lifetime just because they were not decisive enough to pull the trigger.

It boils down to experience I guess, if there are investors who have been in the seen many bull run and bear market, they know what is coming in the market. So it's a mental game to hold and not to sell for this experience investors.

For newbies, it could be very different as they don't have that under their skin. So it might take sometime for them to understand if we say that we don't want to missed that kind of opportunities and so we advise them to buy and accumulate and be ready for the next bull run. So are still half a year at least from the block halving, so plenty of time in our hand to at least some in our wallet, in my opinion.

EluguHcman

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Certainly it is what it is and what has to be would be. The bull-run is greatly impressive to the investors because it is profitably favouring.

Hold for when reverse be the case because a bear-run is approach to also create favorable paths for those who are willing and yet to embrace the Bitcoin markets.
This is absolutely the potentialities of Bitcoin where no one is ever left behind but everyone is being carried along.

TravelMug

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Quote from: kryptqnick on October 31, 2023, 11:08:34 AM

Quote from: lombok on October 30, 2023, 09:50:29 AM

Quote from: cryptoaddictchie on October 30, 2023, 07:45:31 AM

Thats common to have terrible things, war, viruses, political conflict but the good part there is crypto hasnt been much affected unless its really bothering financial crisis.

Won't war, crisis, even viruses and lockdowns increase someone's interest in making investments such as gold and Bitcoin?

Just during the corona virus yesterday, Bitcoin became a hype and many investors entered Bitcoin.

And right now, when Palestine and Israel are starting to heat up, if we look closely, gold and Bitcoin are experiencing an increase in prices.

Is this all a coincidence?

When the pandemic was announced, Bitcoin went down, way down. But then it recovered pretty quickly and bloomed. When Russia launched a full-scale invasion of Ukraine, it didn't seem to have any significant impact on the price, but there were some ups and then a lot of downs. The Hamas attack on Israel also didn't seem to have any immediate impact, and while the price seems to be climbing up lately, I think it's due to ETF anticipation rather than due to that war. So, in my opinion, the price of Bitcoin seems to move independently of global destabilization events like wars and the pandemic.

And with that, we can say that yeah maybe it will have a negative impact, but then again, during the pandemic, as other commodities are going down, bitcoin prices is going up because we have the halving in 2020 and we all know what will follow next after that. We go on a massive bull run, from lows of $3k during March, (when pandemic was officially announced), to all time high of $69k, so that is one of the best jump we had in Bitcoin's young history. The bull run cycle ended, and then we have the Ukrainian vs Russia war in the background but still the price remain solid until the FTX collapse last year and seeing the lowest low of $15k. Now it's over, we have more than 100% increased in 12 months and then we will about to hit bull run season again. So it doesn't matter what is the noises in the background, i.e. wars, pandemic, and the geo-political events, has minimal effect to us as bitcoin has it's own cycle regardless.

BenCodie

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Quote from: lombok on October 31, 2023, 08:30:49 AM

Quote from: BenCodie on October 31, 2023, 03:46:30 AM

It's not a coincidence. Commodities do well in times of war, or times of uncertainty in the global economy, or with money. All of the above apply at the moment. We are still in the midst of these "viruses" or at least, its shadow lingers. On top of this, Russia and Ukraine, Israel and Palestine, all of this is causing uncertainty around the globe. Not just uncertainty either. It causes stimulus or printing to occur to fund solutions to these unforeseeable problems, which devalues money.

When there is this kind of sentiment it is hard to hide anywhere in normal markets.... Everything generally suffers, especially if something even more serious or impacting occurs. In the past, Gold and silver served as good ways to hedge against these events. Now Bitcoin is mature, and it will join as a commodity as a safe haven from the world's catastrophes.

I also think that way. When something happens, such as an economic crisis, war and viruses, it can cause commodities such as gold, silver, oil and Bitcoin to experience exponential price increases. However, this will happen during crises, wars and events such as the virus. When things improve, these commodities will also experience correction. Regarding this war, the UN and several countries have started to move and condemn these actions which have brought losses to both sides. If things improve, we will see that some commodity prices will experience corrections or go sideways for a while. It should be noted that the rise and fall of commodity prices, including Bitcoin, are also influenced by several other factors and are not necessarily related to the 3 points mentioned above.

I think that your post is very accurate. I've only just caught up to it now.

I think the part that is most intriguing is whether or not the recent Bitcoin price increases have been in anticipation for the halving event, the etf news, or if it has been due to safe haven inflow for war, which we'll receive outflow for after things subside in the middle east.

Overall, whether the war there ends or not, we are still in for a lot more pain and there is no doubt that there is still a lot more pain to come before commodities will finish their run. I hope everyone is prepared. I know I'm not prepared enough and that is scary to think about...

South Park

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Quote from: armanda90 on November 04, 2023, 01:43:37 PM

Quote from: red4slash on October 30, 2023, 07:47:43 PM

Looking at the current conditions it is actually possible that we will try to go higher because after all we have been in the $20 range for a long time and now with the conditions in October which are always positive every year, this could be a good opening for us to move on and enter the next price.
But in this case the condition remains the same of doing what we have to do. Invest and hold because at the end of the day this will only be a temporary uptick because our real goal is not here but somewhere higher than this.

Last month highest of bitcoin price stuck around $32k before going drop and need more than three months later for breaking around $35k, I sure and optimistic with halving one close forward get opportunity to see bitcoin will raise to higher price.

Hold and keep accumulate as much possible during bitcoin around $35k its most worth opportunity before end this year and one or two months before halving with potential bitcoin will up to higher price. Don't afraid keep accumulate as how much possible and spent your money for investing in bitcoin and take profit next year when halving time close or after halving with potential bitcoin up above $50k.

The time we have to accumulate more bitcoin in our wallets is decreasing at an astonishing rate, if people do not want to miss the opportunity to be there when the bull market happens and obtain profits then they need to invest as soon as possible, as it seems inevitable that a new ATH will be formed and bitcoin for the first time will reach six figures, still I think there will be many people too afraid to invest that will lament missing one of the opportunities of their lifetime just because they were not decisive enough to pull the trigger.

armanda90

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Quote from: red4slash on October 30, 2023, 07:47:43 PM

Looking at the current conditions it is actually possible that we will try to go higher because after all we have been in the $20 range for a long time and now with the conditions in October which are always positive every year, this could be a good opening for us to move on and enter the next price.
But in this case the condition remains the same of doing what we have to do. Invest and hold because at the end of the day this will only be a temporary uptick because our real goal is not here but somewhere higher than this.

Last month highest of bitcoin price stuck around $32k before going drop and need more than three months later for breaking around $35k, I sure and optimistic with halving one close forward get opportunity to see bitcoin will raise to higher price.

Hold and keep accumulate as much possible during bitcoin around $35k its most worth opportunity before end this year and one or two months before halving with potential bitcoin will up to higher price. Don't afraid keep accumulate as how much possible and spent your money for investing in bitcoin and take profit next year when halving time close or after halving with potential bitcoin up above $50k.

danherbias07

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Quote from: SaepulMT on October 31, 2023, 01:04:31 AM

At first glance what I see from the picture, the answer is yes Bitcoin will Bull run in the near future, but you have to wait first because of the current uncertain global situation, many things that will happen in the future do not need to rush for DCA Bitcoin or do not need FOMO

HODL. That's still the safest way to do things while waiting for the bull. It's already proven and tested.
Yes, I do know that having patience seems to be a difficult thing to do in the cryptocurrency industry but right now we cannot really do anything but wait.
There is good news that is awaiting in the next 6 months and then maybe a year when ETF will be approved. We ain't sure but it's already there, like a sleeping bull who will wake up once the SEC decides it's time to approve it.
When that news comes out, more whales will keep coming and I bet the demand will be so much that it might become a problem to buy Bitcoin.
The thing is, we have already seen this, it's just a matter of when it will happen because I am sure it will.

bestcoins1

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Quote from: SaepulMT on October 31, 2023, 01:04:31 AM

At first glance what I see from the picture, the answer is yes Bitcoin will Bull run in the near future, but you have to wait first because of the current uncertain global situation, many things that will happen in the future do not need to rush for DCA Bitcoin or do not need FOMO

Sometimes the global market situation can still influence the overall market conditions including crypto and Bitcoin, so some people still think that the bullrun will not happen in the near future or within this year. But for next year, I think that this can happen if the Bitcoin price improvement continues like now with a gradual increase in the market and for those who still want to apply the DCA method, I think this can still be done before the bullrun really comes on Bitcoin because it is still difficult for many experts to predict precisely at this time.

Nrcewker

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Quote from: SPARE on October 30, 2023, 01:55:51 AM

If you look at the weekly candle of the last 78 weeks, you can see that this week makes sense Cryptocurrencies are headed for a bull run......💪💪💪

Definitely we have shown trust before in the coin, so this time I am actually not shocked to see this price jump. For me these jumps are pretty normal. This definitely indicates that something big is coming and in order to achieve it Bitcoins can take shorter amount of time. So this price jump is a small reminder that tells the potential growth coming in Bitcoins. So get ready and accumulate as many Bitcoins as you can.

kryptqnick

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Quote from: lombok on October 30, 2023, 09:50:29 AM

Quote from: cryptoaddictchie on October 30, 2023, 07:45:31 AM

Thats common to have terrible things, war, viruses, political conflict but the good part there is crypto hasnt been much affected unless its really bothering financial crisis.

Won't war, crisis, even viruses and lockdowns increase someone's interest in making investments such as gold and Bitcoin?

Just during the corona virus yesterday, Bitcoin became a hype and many investors entered Bitcoin.

And right now, when Palestine and Israel are starting to heat up, if we look closely, gold and Bitcoin are experiencing an increase in prices.

Is this all a coincidence?

When the pandemic was announced, Bitcoin went down, way down. But then it recovered pretty quickly and bloomed. When Russia launched a full-scale invasion of Ukraine, it didn't seem to have any significant impact on the price, but there were some ups and then a lot of downs. The Hamas attack on Israel also didn't seem to have any immediate impact, and while the price seems to be climbing up lately, I think it's due to ETF anticipation rather than due to that war. So, in my opinion, the price of Bitcoin seems to move independently of global destabilization events like wars and the pandemic.

lombok

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Quote from: BenCodie on October 31, 2023, 03:46:30 AM

It's not a coincidence. Commodities do well in times of war, or times of uncertainty in the global economy, or with money. All of the above apply at the moment. We are still in the midst of these "viruses" or at least, its shadow lingers. On top of this, Russia and Ukraine, Israel and Palestine, all of this is causing uncertainty around the globe. Not just uncertainty either. It causes stimulus or printing to occur to fund solutions to these unforeseeable problems, which devalues money.

When there is this kind of sentiment it is hard to hide anywhere in normal markets.... Everything generally suffers, especially if something even more serious or impacting occurs. In the past, Gold and silver served as good ways to hedge against these events. Now Bitcoin is mature, and it will join as a commodity as a safe haven from the world's catastrophes.

I also think that way. When something happens, such as an economic crisis, war and viruses, it can cause commodities such as gold, silver, oil and Bitcoin to experience exponential price increases. However, this will happen during crises, wars and events such as the virus. When things improve, these commodities will also experience correction. Regarding this war, the UN and several countries have started to move and condemn these actions which have brought losses to both sides. If things improve, we will see that some commodity prices will experience corrections or go sideways for a while. It should be noted that the rise and fall of commodity prices, including Bitcoin, are also influenced by several other factors and are not necessarily related to the 3 points mentioned above.

BenCodie

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Quote from: lombok on October 30, 2023, 09:50:29 AM

Quote from: cryptoaddictchie on October 30, 2023, 07:45:31 AM

Thats common to have terrible things, war, viruses, political conflict but the good part there is crypto hasnt been much affected unless its really bothering financial crisis.

Won't war, crisis, even viruses and lockdowns increase someone's interest in making investments such as gold and Bitcoin?

Just during the corona virus yesterday, Bitcoin became a hype and many investors entered Bitcoin.

And right now, when Palestine and Israel are starting to heat up, if we look closely, gold and Bitcoin are experiencing an increase in prices.

Is this all a coincidence?

It's not a coincidence. Commodities do well in times of war, or times of uncertainty in the global economy, or with money. All of the above apply at the moment. We are still in the midst of these "viruses" or at least, its shadow lingers. On top of this, Russia and Ukraine, Israel and Palestine, all of this is causing uncertainty around the globe. Not just uncertainty either. It causes stimulus or printing to occur to fund solutions to these unforeseeable problems, which devalues money.

When there is this kind of sentiment it is hard to hide anywhere in normal markets.... Everything generally suffers, especially if something even more serious or impacting occurs. In the past, Gold and silver served as good ways to hedge against these events. Now Bitcoin is mature, and it will join as a commodity as a safe haven from the world's catastrophes.

Essential10

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In case of BTC the CME gap was created around $36k to $35k as the market has filled up now. We know the market takes a correction after the CME fills the gap but this may also be the case with BTC. In the case that the market will never go up continuously, the chances of a market correction are high. There is a gap in CME between $27k to $28k with high possibility of market correction. There may be another reason for market correction in case of BTC. If we look at the head and shoulder pattern, it appears that the market has broken out. Will the BTC market go above $50k by the end of this year in my opinion it is not possible. The market is up this month as various EFT investment markets are entering the CME gap correction is more likely. I think I don't see the market going up before 2024. Besides, there is Bitcoin halving in 2024, I think the Bitcoin market will be bulling after that.

Poker Player

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Things look definitely good now. The most logical thing would be a rise in the next months, always with some ups and downs and without reaching ATH before halving, although you can never be 100% sure of what can happen.

Quote from: adaseb on October 31, 2023, 12:49:17 AM

We are basically back to the days before all those companies went belly up. I think it started with 3AC or Luna, don’t remember but it’s this area that set off those dominos.

The good thing now is that those crappy companies and all the bad leverage has already been wiped off, and we face a possible healthy sustained rise.

SaepulMT

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At first glance what I see from the picture, the answer is yes Bitcoin will Bull run in the near future, but you have to wait first because of the current uncertain global situation, many things that will happen in the future do not need to rush for DCA Bitcoin or do not need FOMO

adaseb

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We are basically back to the days before all those companies went belly up. I think it started with 3AC or Luna, don’t remember but it’s this area that set off those dominos.

What is crazy is that SOL is actually rallying. Why are people buying SOL when FtX holds a large portion of SOL. If SOL keeps rising like this then most likely FTX might be solvent again like MtGox back in the day.

yhiaali3

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Yes, today is the monthly closing of Bitcoin, and it is considered the highest in a year. There is some positive news. I also heard that $2 billion entered the exchanges. This is a very wonderful indicator that calls for optimism as the halving of Bitcoin approaches within a few months. I expect that we will see a good rise until the end of the year.

Of course, the majority share your opinion that we will witness a bull run after the halving. The DCA strategy is the best at the present time until after the halving, although I expect that some people will start selling at the first important rise, but I do not expect it to have a significant impact because the majority will continue until after the halving.

AHOYBRAUSE

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It amazes me that every year, toward October/November there is some sort of push the moves the bitcoin price to an upwards trend.
It never disappoints.
But why is that? I mean right now there is all the halving and ETF discussion, with also fake news and stuff. Even after the higher price because of the fake news the price didn't fall back.

Also now the price is quite constant in the 34k area, so no short term winnings were cashed out I suppose.
It seem the trust and hope of a higher rise brings people to hold and wait and see.

I seriously hope this trend goes on until the end of the year but who knows.

red4slash

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Looking at the current conditions it is actually possible that we will try to go higher because after all we have been in the $20 range for a long time and now with the conditions in October which are always positive every year, this could be a good opening for us to move on and enter the next price.
But in this case the condition remains the same of doing what we have to do. Invest and hold because at the end of the day this will only be a temporary uptick because our real goal is not here but somewhere higher than this.

lombok

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Quote from: Yamane_Keto on October 30, 2023, 11:08:20 AM

Quote from: lombok on October 30, 2023, 09:50:29 AM

Won't war, crisis, even viruses and lockdowns increase someone's interest in making investments such as gold and Bitcoin?
Just during the corona virus yesterday, Bitcoin became a hype and many investors entered Bitcoin.

This was not the direct reason, but monetary policies in that period encouraged spending more than saving. Interest levels were close to zero, and there were segments receiving government support with limited opportunities to generate quick income. This is different from the situation now with high interest rates, but everything may change with... The beginning of the second quarter of next year, so I expect that we will be in the range of 35k to 55k until next May based on the current price movement.

I noticed when the FED made a speech that this time there would be a reduction in interest rates from the end of September to December, plus rumors and ETF issues made investors come in and caused BTC to rise this time.
This could be a bullish trigger, but if BTC is able to penetrate 40K I believe we have entered the bullish area.

TimeTeller

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Quote from: JoyMarsha on October 30, 2023, 05:59:20 PM

Quote from: BIT-BENDER on October 30, 2023, 11:28:50 AM

Quote from: cryptoaddictchie on October 30, 2023, 07:45:31 AM

Thats a great news btw. I think everyone must have loaded their bags already for the bull run. I can sense no one will sold their bags until halving days and few days after that.

Loading your bags with Bitcoin all because of the coming bull run is actually not making sense. Those who had done this in the previous bull run had actually re-entered having to buy again. This isn't the last bull run and Bitcoin isn't ending after this bull run.

The overall plan is that everyone should have a said price they want to sell off their bitcoin during the bull run. Don't keep on accumulating and hodling bitcoin without a price target of when to sell. We should all at least have a target price.

As for me, I am accumulating and hodling my bitcoin assets till the price gets to $100k. I will sell up to 80% of my bitcoin holdings during the bull run and reinvest during the bearish market little by little.

Not many crypto holders can wait up until to $100k level, so you are lucky if you can wait for that price.
A lot have their short-term goals as they want to make profit as soon as they can.
And as much as possible, still it is advisable to buy with your extra funds, where you are not looking for immediate return of your investments.

LogitechMouse

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Quote from: SPARE on October 30, 2023, 02:23:24 AM

Quote from: big kid on October 30, 2023, 02:05:17 AM

We'll see. The sentiment is definitely bullish. I think that it's starting unless something terrible happens.

Yes I agree with you if there is no downside in the market then it is definitely a bull sign.

The problem is that, I expect some downside in the next weeks. Tongue

Kidding aside, it seems like many got surprised with the price increase happened in the last few days. I believe we are at a point where people are starting to accumulate already for the upcoming bull run possible next year. That ticker symbol really affected a lot, eh? Cheesy

Anyway, it's a good news that Bitcoin went up already, but for some who already saw Bitcoin's price reaching as high as $69,000 this is nothing to me TBH. After all, I'm just slowly accumulating more, and more Bitcoins, and I forget about the sentiments of the investors. Talking about being emotionless. Cheesy

Nevertheless, focus on your plan. If you do DCA, then focus on it. If you want to buy Bitcoin at once, and then hold it until the bull run starts then do it. The market is looking positive already after weeks of not having any price movement at all.

BitDane

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Quote from: BIT-BENDER on October 30, 2023, 11:28:50 AM

With the halving approaching I would advise new guys to avoid falling for trends and hype that would create FOMO and FUD because there would be lots of panicking next year around the Bitcoin halving be smart to fall for pump and dump altcoins .

We can just do our regular DCA, this way we can avoid uncertain purchases or sells. We still don't know if we are really in for a bull run, often times when the market is overhyped, bull trap is being laid. So we better be more vigilant this time. Don't panic when someone execute a trap and just keep the hodl and accumulation of Bitcoin until the market had transitioned to bull run completely. This might happen after the halving, though I hope this time is the start of it but there is something in the history of Bitcoin that keeps me from thinking that this current price rally is the start of the Bitcoin bull run.

Dr.Bitcoin_Strange

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What do you believe in?

Some experts are saying that the month of October is usually a month when Bitcoin gets bullish. Well, that is trying to make me feel that the price of Bitcoin is not yet going to be bullish through this year and January of next year. Based on my prediction, I feel that the price of Bitcoin might get to $40k before it can decline to prepare for the real bull market, which might start in March or April of next year. Although I am not an expert at predicting the price of bitcoin, if my speculation is correct, then I think we are not yet in the bull market. OP, I think this topic is best to move to the Economic>Speculation Board.

JoyMarsha

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Quote from: BIT-BENDER on October 30, 2023, 11:28:50 AM

Quote from: cryptoaddictchie on October 30, 2023, 07:45:31 AM

Thats a great news btw. I think everyone must have loaded their bags already for the bull run. I can sense no one will sold their bags until halving days and few days after that.

Loading your bags with Bitcoin all because of the coming bull run is actually not making sense. Those who had done this in the previous bull run had actually re-entered having to buy again. This isn't the last bull run and Bitcoin isn't ending after this bull run.

The overall plan is that everyone should have a said price they want to sell off their bitcoin during the bull run. Don't keep on accumulating and hodling bitcoin without a price target of when to sell. We should all at least have a target price.

As for me, I am accumulating and hodling my bitcoin assets till the price gets to $100k. I will sell up to 80% of my bitcoin holdings during the bull run and reinvest during the bearish market little by little.

ZAINmalik75

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Quote from: SPARE on October 30, 2023, 01:55:51 AM

If you look at the weekly candle of the last 78 weeks, you can see that this week makes sense Cryptocurrencies are headed for a bull run......💪💪💪

I suggest you move this topic to speculation because it looks like one.

According to your chart, resistance is yet to be broken, but yeah, we are bullish, and this is all due to the fake news about ETFs and the manipulation of tickers by the US authorities. This is all bad, and manipulation is also hyped, but spot traders are making great profit, and those who have filled their bags with BTC when it was under $30,000

My theory here is that BTC will come down again to $30,000 or $31,000 after touching the resistance of $37,000 or $40,000. Because correction is needed here and this all manipulation by the media and DTCC meant nothing for the whales, I don't see any type of huge profit booking from the whales, which means the game of manipulation is still on.

In the long run, we are bullish. Your 78-week chart was a good one, but you should also add a source link to your picture if you have taken it from somewhere, and if you have made it yourself, then it is ok.

TravelMug

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Quote from: BIT-BENDER on October 30, 2023, 11:28:50 AM

Quote from: cryptoaddictchie on October 30, 2023, 07:45:31 AM

Thats a great news btw. I think everyone must have loaded their bags already for the bull run. I can sense no one will sold their bags until halving days and few days after that.

Loading your bags with Bitcoin all because of the coming bull run is actually not making sense. Those who had done this in the previous bull run had actually re-entered having to buy again. This isn't the last bull run and Bitcoin isn't ending after this bull run.

Yes, however, if you are looking for long term, it's better to fill your bags and accumulate as much as you can before the eventual bull run and new all time high after the block halving. History has proven itself every 4 years unless the cycle breaks. So it make sense to be ready instead of selling and re-buying. Specially if you don't want to complicate things on your end. And if you are a retail investor just like the majority of us here.

Of course, it's obvious that this will not be the last bull run and Bitcoin isn't ending after this bull run. But you have to take advantage of the cycle itself.

Quote from: BIT-BENDER on October 30, 2023, 11:28:50 AM

With the halving approaching I would advise new guys to avoid falling for trends and hype that would create FOMO and FUD because there would be lots of panicking next year around the Bitcoin halving be smart to fall for pump and dump altcoins .

Altcoin market is very different when it comes to bull run, yeah, majority of them are going to be fuel by pump and dump scheme. And that's why smart investors knows where to put their money, and that's clearly on BTC.

Abu-Naim

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Quote from: Honyek on October 30, 2023, 11:56:53 AM

Bitcoin might reach its all time high in 78 weeks, but it might be as well later than that. The most important thing is the sign of the bull run that has just came up, and that will be very helpful for bitcoin investors, especially, the long-term investors. This is the right time to make such investment, and expect to gain a reasonable profit in the end.

People that have invested in bitcoin before now are already in profit due to their patience, and investors using DCA investment method are also having some gain now; but this is the right time to buy more and await bull run because this bear market took long time and we never can tell if it is over yet.

Few weeks back, the bitcoin price movement is encouraging and it is a sign of bull run since the market is green always this days.

Odohu

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Quote from: cryptoaddictchie on October 30, 2023, 07:45:31 AM

Thats a great news btw. I think everyone must have loaded their bags already for the bull run. I can sense no one will sold their bags until halving days and few days after that.

Many people including me is applying the DCA method so the accumulation is a continuous process. Bitcoin have been so nice by presenting us with many opportunities to buy.

Quote from: cryptoaddictchie on October 30, 2023, 07:45:31 AM

Quote from: big kid on October 30, 2023, 02:05:17 AM

We'll see. The sentiment is definitely bullish. I think that it's starting unless something terrible happens.

Thats common to have terrible things, war, viruses, political conflict but the good part there is crypto hasnt been much affected unless its really bothering financial crisis.

I do not actually see any terrible thing that could happen imminently. Maybe the postponement of the Bitcoin ETF approval. This might actually cause some declines but since we already have the Bitcoin halving on the pipeline, huge declines may not be experienced. Interesting times are ahead for Bitcoin and it can only get better.Anyone still doubting should check recent market behaviors.

Honyek

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Bitcoin might reach its all time high in 78 weeks, but it might be as well later than that. The most important thing is the sign of the bull run that has just came up, and that will be very helpful for bitcoin investors, especially, the long-term investors. This is the right time to make such investment, and expect to gain a reasonable profit in the end.

Zaguru12

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Quote from: BIT-BENDER on October 30, 2023, 11:28:50 AM

Loading your bags with Bitcoin all because of the coming bull run is actually not making sense. Those who had done this in the previous bull run had actually re-entered having to buy again. This isn't the last bull run and Bitcoin isn't ending after this bull run.

Many investors do this seriously, they accumulate when bitcoin is in its bearish period and then sell during the bull run to earn profits. I don’t see anything wrong about this in my opinion except maybe you invested with an amount that you can’t afford to lose and then when the bull run doesn’t comes it causes you panic. But for someone who actually invests and holds on to it and during bull takes profits and then come back again when it’s low to accumulate more then it’s ok.

Quote from: WEB503 on October 30, 2023, 11:37:31 AM

If it weren't for the terrible events that have happened to the world over the past few years, Bitcoin would probably already be worth $100,000 per coin. Current events are somewhat reminiscent of world history in the first half of the 20th century (revolutions, wars, religious unrest). The problem is that we do not learn from history... I hope in those days when the last Bitcoin block is mined, the world will be much friendlier.

Although almost everyone hopes the world would be at peace. Concerning the price of bitcoin I would say I am one of those who actually love it at where it is today, because if the price is actually higher like about a $100k then I would say the newcomers or wouldn’t be privileged to buy at a price less than $30k. So there is still some positives in the price still been this low

WEB503

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Quote from: cryptoaddictchie on October 30, 2023, 07:45:31 AM

Thats common to have terrible things, war, viruses, political conflict but the good part there is crypto hasnt been much affected unless its really bothering financial crisis.

If it weren't for the terrible events that have happened to the world over the past few years, Bitcoin would probably already be worth $100,000 per coin. Current events are somewhat reminiscent of world history in the first half of the 20th century (revolutions, wars, religious unrest). The problem is that we do not learn from history... I hope in those days when the last Bitcoin block is mined, the world will be much friendlier.

BIT-BENDER

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Quote from: cryptoaddictchie on October 30, 2023, 07:45:31 AM

Thats a great news btw. I think everyone must have loaded their bags already for the bull run. I can sense no one will sold their bags until halving days and few days after that.

Loading your bags with Bitcoin all because of the coming bull run is actually not making sense. Those who had done this in the previous bull run had actually re-entered having to buy again. This isn't the last bull run and Bitcoin isn't ending after this bull run.

With the halving approaching I would advise new guys to avoid falling for trends and hype that would create FOMO and FUD because there would be lots of panicking next year around the Bitcoin halving be smart to fall for pump and dump altcoins .

Yamane_Keto

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Quote from: lombok on October 30, 2023, 09:50:29 AM

Won't war, crisis, even viruses and lockdowns increase someone's interest in making investments such as gold and Bitcoin?
Just during the corona virus yesterday, Bitcoin became a hype and many investors entered Bitcoin.

This was not the direct reason, but monetary policies in that period encouraged spending more than saving. Interest levels were close to zero, and there were segments receiving government support with limited opportunities to generate quick income. This is different from the situation now with high interest rates, but everything may change with... The beginning of the second quarter of next year, so I expect that we will be in the range of 35k to 55k until next May based on the current price movement.

lombok

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Quote from: cryptoaddictchie on October 30, 2023, 07:45:31 AM

Thats common to have terrible things, war, viruses, political conflict but the good part there is crypto hasnt been much affected unless its really bothering financial crisis.

Won't war, crisis, even viruses and lockdowns increase someone's interest in making investments such as gold and Bitcoin?

Just during the corona virus yesterday, Bitcoin became a hype and many investors entered Bitcoin.

And right now, when Palestine and Israel are starting to heat up, if we look closely, gold and Bitcoin are experiencing an increase in prices.

Is this all a coincidence?

348Judah

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Quote from: SPARE on October 30, 2023, 01:55:51 AM

If you look at the weekly candle of the last 78 weeks, you can see that this week makes sense Cryptocurrencies are headed for a bull run.

Should incase you need to be more professional in what you give, you can read about this first, https://bitcointalksearch.org/topic/bitcointalk-posting-etiquette-5184741 which talks about posting etiquettes, secondly you will have to always consider bitcoin on any subject matter of discussion on this board because that is the main purpose for establishing it, lastly, your discussion should be moved to speculation and try to make some additional information always available in making your post than just being a one line poster or imager.

SPARE

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Quote from: BlackBoss_ on October 30, 2023, 02:53:03 AM

Quote from: SPARE on October 30, 2023, 01:55:51 AM

If you look at the weekly candle of the last 78 weeks, you can see that this week makes sense Cryptocurrencies are headed for a bull run......💪💪💪

What do you think?
Are we on a right track till the bull run?

my thinking also same as your thinking i see crypto way to bull run after halving.

cryptoaddictchie

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Thats a great news btw. I think everyone must have loaded their bags already for the bull run. I can sense no one will sold their bags until halving days and few days after that.

Quote from: big kid on October 30, 2023, 02:05:17 AM

We'll see. The sentiment is definitely bullish. I think that it's starting unless something terrible happens.

Thats common to have terrible things, war, viruses, political conflict but the good part there is crypto hasnt been much affected unless its really bothering financial crisis.

BlackBoss_

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Quote from: SPARE on October 30, 2023, 01:55:51 AM

If you look at the weekly candle of the last 78 weeks, you can see that this week makes sense Cryptocurrencies are headed for a bull run......💪💪💪

When halving is 87% loading, you know what to do!

DCA and hold your bitcoin till the halving at least but I know most of you can do better, holding it several months, about half of a year or 1 year after the 2024 halving which will happen in April 2024.

What do you think?
Are we on a right track till the bull run?

I think we are.

SPARE

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Quote from: big kid on October 30, 2023, 02:05:17 AM

We'll see. The sentiment is definitely bullish. I think that it's starting unless something terrible happens.

Yes I agree with you if there is no downside in the market then it is definitely a bull sign.

big kid

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We'll see. The sentiment is definitely bullish. I think that it's starting unless something terrible happens.

SPARE

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If you look at the weekly candle of the last 78 weeks, you can see that this week makes sense Cryptocurrencies are headed for a bull run......💪💪💪

https://i.ibb.co/kQmmtnt/viber-image-2023-10-30-11-51-08-290.jpg

Topic: Bitcoin about to close at the highest price in 78 weeks! Looking strong!💪 (Read 305 times)