Bitcoin breaks 2021 ATH and hits $71k!

slaman29

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Quote from: Majestic-milf on May 24, 2024, 05:20:42 PM

Quote from: slaman29 on May 21, 2024, 03:32:38 AM

Then again, I got to say Bitcoin since 2021 doesn't really make me scared anymore. We say 66 then 15k, it's still 75% drop but it's not anymore like before, 20k drop to 3.5k or even 1.4k drop to $150. Call me silly but in that context it's getting less and less scary.

I've been in forex and you hardly get that kind of crazy volatility but they seem to magnify more there anyway because of decimals.

Thats your personal experience and you won't be fazed anymore no matter the figure it may drop to but what about the next person whose all time low experience of Bitcoin price is $44k? Although we don't pray for that to happen but at this rate I'm open to anything. To be honest I didn't expect to see Bitcoin reaching $60k after the halving especially with how the event is known to leave price reducing in it's wake, maybe this year is different or it's that people are not letting FUD rid them of the opportunity of investing.

Well, when did that person get in? That guy would be extremely extremely unlucky to get in at ATH which is 73k. And if he never saw lower than 44k and right now around 68k, then that person has nothing to fear.

I think people who think they need to pray or hope shouldn't be investing. You pray and hope when you're gambling Wink

Investing is a decision arrived at after a lot of thought. No needs for prayers Wink

Good luck to you tho, I'm just happy whatever the outcome. I was happy in 2017 when I missed ATH, me without experience. I'll be fine!!

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Quote from: tengui on May 25, 2024, 08:00:57 AM

I'm sure the price of bitcoin at that time rose because it was getting closer to the halving. However, this happiness was suppressed because after the halving started, the Bitcoin price tended to stabilize. Bitcoin price increases were more aggressive when the halving approached than when the halving started. So far since the halving started the Bitcoin price has not shown a significant price increase because the Butcoin price is stable between $60k-$70k. Let's see in the next few weeks market conditions will remain the same or there will be changes.

It is no problem if Bitcoin is not increase now because Bitcoin will gets higher when the time is comes. You should have patient and wait for that time because we will see many correction before the price reach the higher price or even reach new ATH. Bitcoin already reached temporary higher ATH but that doesn't mean that price will not increase because many people predicted that Bitcoin can be more than $100k. Although we don't knows when Bitcoin price will rise, we don't have panic if the price gets more correction because Bitcoin will be like that. Hopefully, there will be a change in the next month so we can see an increase of the price.

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I'm sure the price of bitcoin at that time rose because it was getting closer to the halving. However, this happiness was suppressed because after the halving started, the Bitcoin price tended to stabilize. Bitcoin price increases were more aggressive when the halving approached than when the halving started. So far since the halving started the Bitcoin price has not shown a significant price increase because the Butcoin price is stable between $60k-$70k. Let's see in the next few weeks market conditions will remain the same or there will be changes.

Majestic-milf

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Quote from: slaman29 on May 21, 2024, 03:32:38 AM

Then again, I got to say Bitcoin since 2021 doesn't really make me scared anymore. We say 66 then 15k, it's still 75% drop but it's not anymore like before, 20k drop to 3.5k or even 1.4k drop to $150. Call me silly but in that context it's getting less and less scary.

I've been in forex and you hardly get that kind of crazy volatility but they seem to magnify more there anyway because of decimals.

Thats your personal experience and you won't be fazed anymore no matter the figure it may drop to but what about the next person whose all time low experience of Bitcoin price is $44k? Although we don't pray for that to happen but at this rate I'm open to anything. To be honest I didn't expect to see Bitcoin reaching $60k after the halving especially with how the event is known to leave price reducing in it's wake, maybe this year is different or it's that people are not letting FUD rid them of the opportunity of investing.

slaman29

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Quote from: Majestic-milf on May 20, 2024, 11:58:48 PM

Investing in Bitcoin is profitable as long as you can bear the risks associated with it. You know it's not everyone that has the heart to keep up with it's high volatility rate.

Bitcoin never got to $78k else it would have broken headlines. Things like this don't get forgotten. It's last high was $73k before it started declining.

Then again, I got to say Bitcoin since 2021 doesn't really make me scared anymore. We say 66 then 15k, it's still 75% drop but it's not anymore like before, 20k drop to 3.5k or even 1.4k drop to $150. Call me silly but in that context it's getting less and less scary.

I've been in forex and you hardly get that kind of crazy volatility but they seem to magnify more there anyway because of decimals.

tygeade

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Quote from: Majestic-milf on May 20, 2024, 03:17:30 AM

As of last week ending, Bitcoin showed signs of getting back to the range of $66-67k and with how rapid the movement was, I hoped it would cross the 60 something figure and enter $70k. We are yet to see any heavy buying since Bitcoin's price is affected by supply and demand so maybe it can scrape that figure because as at time of writing, price is $66,363.36 and if there is no interruptions when it's starts to rise, $70k will not be difficult to achieve.

I do agree that these good jumps are always good for bitcoin, plus we reached positives on ETF as well, meaning money is going into bitcoin once again. However, we should realize that we are not going to end up with anything marginal if we are not careful, because a lot of buying all at the same time instead of slowly going up, could mean that all those people who shorted will get their positions liquidated, and that means bitcoin sold for USDT and that means price going down.

Never try to go up super high super quickly, it would hurt, that or we have to just bombard the market with buy orders and make it go up even more than all of the sales, then it will definitely go up enough. We should be slow, and take our time if you ask me.

Majestic-milf

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Quote from: Nrcewker on May 05, 2024, 08:13:58 AM

We have seen Bitcoins reaching at 78k usd. Yes so it broke the ATH price I must say. This proves that Bitcoins are growing rapidly and continuously. They are giving heavy returns to its investors in short period of time of 4 years only. Hence we can see that investing in Bitcoins really is profitable and due to the fixed amount of supply it can be beneficial to invest for long term.

Investing in Bitcoin is profitable as long as you can bear the risks associated with it. You know it's not everyone that has the heart to keep up with it's high volatility rate.

Bitcoin never got to $78k else it would have broken headlines. Things like this don't get forgotten. It's last high was $73k before it started declining.

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Quote from: Majestic-milf on March 11, 2024, 05:15:15 AM

Well, just as the title reads, it seems we'll be in for more exciting developments regarding the price of Bitcoin. Just this morning when I checked it's price, I saw $68,468 and now it's just shot up to $71,680.57! A new ATH! Well I'm sure this is just the beginning of more interesting things but I hope this trend continues. Is it the bull run that caused it's price to shoot up or is there a big whale buying?

https://coinmarketcap.com/community/articles/65eed16bd332502ef6d4a31b/

more than 2 months from this post mate here is the price again

https://coinmarketcap.com/currencies/bitcoin/ looks like repeating what had happened in march before the halving but hoping that this time? it will finally cross 75k.

Quote from: Nrcewker on May 05, 2024, 08:13:58 AM

We have seen Bitcoins reaching at 78k usd. Yes so it broke the ATH price I must say. This proves that Bitcoins are growing rapidly and continuously. They are giving heavy returns to its investors in short period of time of 4 years only. Hence we can see that investing in Bitcoins really is profitable and due to the fixed amount of supply it can be beneficial to invest for long term.

do really bitcoin reached 78k mate? sorry but according to the last recorded ATH its only over 73?

All-time high Mar 14, 2024 (2 months ago)
$73,750.07

https://coinmarketcap.com/currencies/bitcoin/ that is what according to CMC .

pinggoki

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Quote from: Majestic-milf on May 20, 2024, 03:17:30 AM

As of last week ending, Bitcoin showed signs of getting back to the range of $66-67k and with how rapid the movement was, I hoped it would cross the 60 something figure and enter $70k. We are yet to see any heavy buying since Bitcoin's price is affected by supply and demand so maybe it can scrape that figure because as at time of writing, price is $66,363.36 and if there is no interruptions when it's starts to rise, $70k will not be difficult to achieve.

We might see some more than that if the trend continues but in my opinion, I think that a price correction for bitcoin is due to happen and I do hope it happens soon because I do think that a lot of people are trying to get into the market but the value of bitcoin is just too high for them be getting in so they just get by with DCA which isn't bad but it's not optimal. I think that this month it will go to $70k+.

Sexylizzy2813

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Quote from: Nrcewker on May 05, 2024, 08:13:58 AM

We have seen Bitcoins reaching at 78k usd. Yes so it broke the ATH price I must say. This proves that Bitcoins are growing rapidly and continuously. They are giving heavy returns to its investors in short period of time of 4 years only. Hence we can see that investing in Bitcoins really is profitable and due to the fixed amount of supply it can be beneficial to invest for long term.

I don't think $78k was the new ATH but $73k which is the new ATH, I think that was before the halving if I'm not mistaken. Bitcoin has proven that the market price is never staying at a particular amount and it can't be predicted even when some thought it would go down it still gave us the sign of improvement through the amount that's getting higher by the day. We have the price at $71k which means is not the end and we might be hitting $73k in the next 3 days which means investors are going to make more profit with panicking.

Majestic-milf

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Quote from: rodskee on May 20, 2024, 04:43:13 AM

Quote from: Majestic-milf on March 11, 2024, 05:15:15 AM

Well, just as the title reads, it seems we'll be in for more exciting developments regarding the price of Bitcoin. Just this morning when I checked it's price, I saw $68,468 and now it's just shot up to $71,680.57! A new ATH! Well I'm sure this is just the beginning of more interesting things but I hope this trend continues. Is it the bull run that caused it's price to shoot up or is there a big whale buying?

https://coinmarketcap.com/community/articles/65eed16bd332502ef6d4a31b/

more than 2 months after , now bitcoin still struggling to break that 71k again mate , while we
celebrate when bitcoin breaks ATH before the halving in which scenario that we did nto seen in the
past yet the effect now is still tragic because the market is showing no big move while we are
closing the May and then moving to end the 2nd quarter , I hope that this will head us to more
growth in the coming weeks from now.

Definitely. Good things will happen this May before we get into the second half of the year. Presently, Bitcoin price just experienced a 5.87% increase to be at $69,875.84 as at time of writing and if it continues like this we won't have to wait for long to see fair prices. Maybe we'd attribute this rise to positive inflows into the spot Bitcoin ETFs or more investors are getting confident, we won't know, the most important thing is Bitcoin price is being bullish and that is all that matters right now.

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Quote from: Majestic-milf on March 11, 2024, 05:15:15 AM

Well, just as the title reads, it seems we'll be in for more exciting developments regarding the price of Bitcoin. Just this morning when I checked it's price, I saw $68,468 and now it's just shot up to $71,680.57! A new ATH! Well I'm sure this is just the beginning of more interesting things but I hope this trend continues. Is it the bull run that caused it's price to shoot up or is there a big whale buying?

https://coinmarketcap.com/community/articles/65eed16bd332502ef6d4a31b/

more than 2 months after , now bitcoin still struggling to break that 71k again mate , while we
celebrate when bitcoin breaks ATH before the halving in which scenario that we did nto seen in the
past yet the effect now is still tragic because the market is showing no big move while we are
closing the May and then moving to end the 2nd quarter , I hope that this will head us to more
growth in the coming weeks from now.

Majestic-milf

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As of last week ending, Bitcoin showed signs of getting back to the range of $66-67k and with how rapid the movement was, I hoped it would cross the 60 something figure and enter $70k. We are yet to see any heavy buying since Bitcoin's price is affected by supply and demand so maybe it can scrape that figure because as at time of writing, price is $66,363.36 and if there is no interruptions when it's starts to rise, $70k will not be difficult to achieve.

Nrcewker

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We have seen Bitcoins reaching at 78k usd. Yes so it broke the ATH price I must say. This proves that Bitcoins are growing rapidly and continuously. They are giving heavy returns to its investors in short period of time of 4 years only. Hence we can see that investing in Bitcoins really is profitable and due to the fixed amount of supply it can be beneficial to invest for long term.

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Quote from: Hallroom on April 13, 2024, 06:55:23 AM

Quote from: Majestic-milf on March 11, 2024, 05:15:15 AM

Well, just as the title reads, it seems we'll be in for more exciting developments regarding the price of Bitcoin. Just this morning when I checked it's price, I saw $68,468 and now it's just shot up to $71,680.57! A new ATH! Well I'm sure this is just the beginning of more interesting things but I hope this trend continues. Is it the bull run that caused it's price to shoot up or is there a big whale buying?

https://coinmarketcap.com/community/articles/65eed16bd332502ef6d4a31b/

Currently, today I checked the price this morning and saw that Bitcoin has directly touched $65k from $71k. I never thought it would be possible for bitcoin price to dump so much but recover and go back to past pace. So I prefer to invest in bitcoin today dumping and recovery.

Yes we suddenly saw a big dumping in the bitcoin market, you said you saw the price of bitcoin drop to $65k. Bitcoin Price Dropped Even Below Those of us who watch the market closely may be aware that Bitcoin price dropped to $57k. Bitcoin price has been increasing slowly in recent times and even as per today's market cap Bitcoin price is above $63k (thousand). It is normal for Bitcoin price to crash a little after every significant rise, maybe that's what the market is doing right now. For those who wait for a dumping market to buy Bitcoin and sell when the price of Bitcoin recovers, the best opportunity to buy Bitcoin was when the price of Bitcoin fell below $60,000

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Quote from: Majestic-milf on May 03, 2024, 05:56:00 PM

Bitcoin is not stable at the moment and we saw it touch the $58-9k waters about two days back and that must have gotten some holders to panic and sell their coins but at the moment, it has picked up pace and is as at time of writing, $62,917.40. I wonder if we'd be able to see more upward movement to around the range of say $67-68k or is this the best we'd see it for the moment?
May is seldom a good month for Bitcoin price, maybe this time will be different? Speculators are predicting it's price to fall to $67k by tomorrow and even though there's a rise now, I'm not certain it will get there as I see it's price to be fluctuating around $63-64k.

I clearly remember that when the halving event was approaching, everyone was very optimistic and believed that bitcoin would have a new ATH in April but in the end it went against the crowd's expectations. But now that people are no longer optimistic and starting to panic, I no longer see too many people who think bitcoin will rise this month. I'm thinking that bitcoin always surprises the crowd, it always rises in people's doubts, so maybe this month will be a good month of growth for bitcoin. The more people believe that bitcoin will drop to the 5x area, the more confident I am with my thinking, let's wait and see what happens, I believe those who sell their bitcoin and wait to buy at a lower price will soon regret their decision.

Majestic-milf

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Bitcoin is not stable at the moment and we saw it touch the $58-9k waters about two days back and that must have gotten some holders to panic and sell their coins but at the moment, it has picked up pace and is as at time of writing, $62,917.40. I wonder if we'd be able to see more upward movement to around the range of say $67-68k or is this the best we'd see it for the moment?
May is seldom a good month for Bitcoin price, maybe this time will be different? Speculators are predicting it's price to fall to $67k by tomorrow and even though there's a rise now, I'm not certain it will get there as I see it's price to be fluctuating around $63-64k.

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Quote from: Majestic-milf on March 11, 2024, 05:15:15 AM

Well, just as the title reads, it seems we'll be in for more exciting developments regarding the price of Bitcoin. Just this morning when I checked it's price, I saw $68,468 and now it's just shot up to $71,680.57! A new ATH! Well I'm sure this is just the beginning of more interesting things but I hope this trend continues. Is it the bull run that caused it's price to shoot up or is there a big whale buying?

the price of cryptocurrencies especially bitcoin is unpredictable because The price can be at range of 70,000 and within some minutes the price will go down to 50,000 so that is why we say that the price of Bitcoin is not constant and in some predictable because the market you cannot determine the market what makes the price to fluctuate is because of the demand and the supply or the market when did the mind is higher than the supply the market will continue to accelerate but when the supply is higher than the Demand The Market will start going down

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Quote from: erep on April 15, 2024, 01:52:52 PM

Quote from: Republikcoin.com on April 13, 2024, 08:22:38 AM

~Snip

Every significant increase will have the same potential for a market decline, so we are always advised to avoid investing in unstable market conditions to avoid significant declines, even though the market condition is only down $6k from the highest price but don't ignore other declines that have not yet occurred. happened, so every investor has been waiting for a lower market price moment to invest in the $50k target, we have seen the market almost fall below 60k despite a temporary recovery that could sustain the market price above 60k.

Each investor's risk tolerance is different, in fact there are always people who are brave enough to buy a lot at ATH just because they are optimistic that the price will rise even higher while waiting for a decline to do DCA. Investing is basically not just about expecting returns, it is also about how you develop a strategy so that the average price you buy is lower to get maximum profit.

In all likelihood, there are always people who will buy regardless of how high or low the price of bitcoin is. More than a year of major bullishness will occur after the halving, so they can take advantage of this day to buy a lot and wait for the right time to sell at the right price.

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Quote from: Republikcoin.com on April 13, 2024, 08:22:38 AM

Quote from: Hallroom on April 13, 2024, 06:55:23 AM

Currently, today I checked the price this morning and saw that Bitcoin has directly touched $65k from $71k. I never thought it would be possible for bitcoin price to dump so much but recover and go back to past pace. So I prefer to invest in bitcoin today dumping and recovery.

That amount is a very reasonable amount for a coin like Bitcoin to experience a price correction because with Bitcoin's current price being that high, of course it wouldn't be that big if the price correction was only $5K or less than that. Moreover, you can also see what percentage of the price correction is so that in the future you will be more used to seeing corrections again in Bitcoin at different times. So don't be surprised by that and keep investing in Bitcoin with the current conditions.

Every significant increase will have the same potential for a market decline, so we are always advised to avoid investing in unstable market conditions to avoid significant declines, even though the market condition is only down $6k from the highest price but don't ignore other declines that have not yet occurred. happened, so every investor has been waiting for a lower market price moment to invest in the $50k target, we have seen the market almost fall below 60k despite a temporary recovery that could sustain the market price above 60k.

Topic: Bitcoin breaks 2021 ATH and hits $71k! (Read 922 times)