Bitcoin breaks 2021 ATH and hits $71k! - page 4.

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Quote from: fuguebtc on March 14, 2024, 08:36:19 AM

The supply of bitcoin circulating in the market is decreasing, but not because of the halving event but because ETFs are buying bitcoin in large quantities every day. There are even some reports that they are buying bitcoins in larger amounts than are mined each day. The majority of Bitcoin is in the hands of large funds, so I don't think this is a good sign for bitcoin price growth in the long term.

Bitcoin prices have increased in recent days due to the approval of ETFs and the huge demand for bitcoin from ETFs, not the impact of the halving. At first glance, this looks good for bitcoin as demand for it increases, but funds are trying to buy all the bitcoin which is no longer a good sign. Everyone is excited about bitcoin breaking its ATH but I find it unusual and somewhat worried about.

I would say that ETF "approval" is not really real, I mean there are still discussions going on, but until billions from the investors in those companies start to pour into it, there is really nothing that is accepted just yet. I hope that people could see that, and they could make some money from it, because there will be even higher increases.

We should consider how that could benefit everyone, and how we could make that profit soon. I know it will take some time, but it should be pretty simple. The logic is that billions will go into that ETF business, and that will increase the price of bitcoin, and that will make us profit. This hasn't started yet, the news did, but the actual thing did not, so we should be careful.

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Quote from: Majestic-milf on March 15, 2024, 03:35:59 AM

Quote from: Ayers on March 14, 2024, 05:37:14 AM

People who have been diligently DCAing bitcoin for years are starting to profit, and what I see is that everyone wants to sell bitcoin when it hits $100k. But with the current situation, there are definitely a lot of people who are becoming more greedy and raising their goals higher. So what I fear is that many people will miss the opportunity to sell and even lose money. I hope people don't get caught up in the greedy vortex that the market is creating and wants us to get caught up in. We must always set goals and sell when we achieve them, don't be greedy otherwise we will have to pay a high price.

For me it's just not greed alone, although that can play a major part in the decision making, but let's also add that these people who end up missing out on the time to take in their profits are those who do not set a target. When you have a target price to meet, and you abide by it, it helps to curb the greedy. I'm sure those who were of the mind that Bitcoin price will keep going up after crossing the 2021 ATH threshold will be sorely disappointed to note it's price has dipped to $67,631.59 as at time of writing.

Even those who have set goals have no guarantee that they won't increase them as they see bitcoin grow faster and stronger. Greed is what will kill us, and controlling it is not as easy as we say.

Today is a day that makes many people feel scared. What I see is not only people are disappointed but people are starting to panic and think that bitcoin will continue to drop more in the coming days. Crowd psychology is very interesting, when bitcoin rises in price, people chant and expect bitcoin to continue to rise higher and break $100k this year. But bitcoin only corrected a little, most started negative and assumed that bitcoin would soon drop to the $50-40k area Grin

.

Majestic-milf

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Quote from: Ayers on March 14, 2024, 05:37:14 AM

People who have been diligently DCAing bitcoin for years are starting to profit, and what I see is that everyone wants to sell bitcoin when it hits $100k. But with the current situation, there are definitely a lot of people who are becoming more greedy and raising their goals higher. So what I fear is that many people will miss the opportunity to sell and even lose money. I hope people don't get caught up in the greedy vortex that the market is creating and wants us to get caught up in. We must always set goals and sell when we achieve them, don't be greedy otherwise we will have to pay a high price.

For me it's just not greed alone, although that can play a major part in the decision making, but let's also add that these people who end up missing out on the time to take in their profits are those who do not set a target. When you have a target price to meet, and you abide by it, it helps to curb the greedy. I'm sure those who were of the mind that Bitcoin price will keep going up after crossing the 2021 ATH threshold will be sorely disappointed to note it's price has dipped to $67,631.59 as at time of writing.

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Quote from: Yaunfitda on March 14, 2024, 10:10:46 PM

This is what bull run is all about, and we are about to enter it technically after the block halving. Yes, that is true, this is the first time that we hit new all time high before the halving and it makes me thing that obviously, the bull run will be very much different as well. Obviously, we will see $100k for the first time, and we could only speculate how big it's going to be, $100k-$180k as others have predicted. For sure everyone is now drooling of the potential profits that we will get. However, still, everyone should be patience. Not the time to sell even if he hit $70k. Wait for the six digits this year or next year and then time the market when to sell.

Do you follow the price at all? For starters we are in a clear bull run for some time now, and the $70K was exceeded, reaching $73K, but what is relevant right now is that there has been the typical dip in which many retail investors who have bought at the top are going to be fleeced while the whales take the opportunity to collect profits, as they prepare for the next rally.

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Quote from: ajiz138 on March 14, 2024, 03:19:31 PM

Now it's time for a bullrun, whatever the factor is, it will always be associated with high demand or the pope buying large amounts and even the news is that Saylor will buy more bitcoin.

Bitcoin is now where the season has gone up, namely bullrun, this is a 4-year cycle but the difference is now where ATH is before halving but before that it was NOT so that might be a slight difference, knowing the highest ATH I predict $150K can still be reached in the next few months or in 2025.

This is what bull run is all about, and we are about to enter it technically after the block halving. Yes, that is true, this is the first time that we hit new all time high before the halving and it makes me thing that obviously, the bull run will be very much different as well. Obviously, we will see $100k for the first time, and we could only speculate how big it's going to be, $100k-$180k as others have predicted. For sure everyone is now drooling of the potential profits that we will get. However, still, everyone should be patience. Not the time to sell even if he hit $70k. Wait for the six digits this year or next year and then time the market when to sell.

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Now it's time for a bullrun, whatever the factor is, it will always be associated with high demand or the pope buying large amounts and even the news is that Saylor will buy more bitcoin.

Bitcoin is now where the season has gone up, namely bullrun, this is a 4-year cycle but the difference is now where ATH is before halving but before that it was NOT so that might be a slight difference, knowing the highest ATH I predict $150K can still be reached in the next few months or in 2025.

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

but I hope this trend continues.

Well I'm thinking there could be some break during the halving. Some big accumulators might see it as a time to cash out first set of profit and then wait for weak hands to drop so that they buy back which will cause heavy volatility. This has been the tradition of bitcoin halving except this season will be different and of course, this season has been different really.

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

Is it the bull run that caused it's price to shoot up or is there a big whale buying?

I believe ETF is a contributing factor and institutions DCAing, hodling too and that increased demand. The ATH is now in the range of $73+ and that is likely to be sustained until halving. Bitcoin story is now that of trust and not skeptism, so every one who is hodling btc is not cashing out anytime soon. Therefore, we should expect more volatility in future after halving.

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Quote from: pakhitheboss on March 14, 2024, 06:43:05 AM

Quote from: AmoreJaz on March 13, 2024, 06:58:16 PM

People are getting good vibes these days. For sure, a lot of people want to get a hold of some satoshis because of the current market trend. And I am pretty sure, a lot will say to themselves that if it is too late to jump on this market.
Do remember, the capability to invest on this market depends on your financials.

It is obvious that whenever goes on the upside all altcoins follow the same pattern and the cryptocurrency market goes green. Everyone who has Bitcoin will be happy as Bitcoin before the halving is already in green and breaking its own ATH. The new ATH is now $73777, more than anyone expected. I guess after halving which will happen in a few days this figure will be different. A lot of credit goes to ETFs as they drive Bitcoin's bull run and current pump. I do not see a slow down in the future as the demand for Bitcoin will increase while the supply will decrease. That is why anyone aware of Bitcoin wants to accumulate more in their ways to become financially independent.

The supply of bitcoin circulating in the market is decreasing, but not because of the halving event but because ETFs are buying bitcoin in large quantities every day. There are even some reports that they are buying bitcoins in larger amounts than are mined each day. The majority of Bitcoin is in the hands of large funds, so I don't think this is a good sign for bitcoin price growth in the long term.

Bitcoin prices have increased in recent days due to the approval of ETFs and the huge demand for bitcoin from ETFs, not the impact of the halving. At first glance, this looks good for bitcoin as demand for it increases, but funds are trying to buy all the bitcoin which is no longer a good sign. Everyone is excited about bitcoin breaking its ATH but I find it unusual and somewhat worried about.

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Quote from: AmoreJaz on March 13, 2024, 06:58:16 PM

People are getting good vibes these days. For sure, a lot of people want to get a hold of some satoshis because of the current market trend. And I am pretty sure, a lot will say to themselves that if it is too late to jump on this market.
Do remember, the capability to invest on this market depends on your financials.

It is obvious that whenever goes on the upside all altcoins follow the same pattern and the cryptocurrency market goes green. Everyone who has Bitcoin will be happy as Bitcoin before the halving is already in green and breaking its own ATH. The new ATH is now $73777, more than anyone expected. I guess after halving which will happen in a few days this figure will be different. A lot of credit goes to ETFs as they drive Bitcoin's bull run and current pump. I do not see a slow down in the future as the demand for Bitcoin will increase while the supply will decrease. That is why anyone aware of Bitcoin wants to accumulate more in their ways to become financially independent.

Ayers

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Quote from: Majestic-milf on March 11, 2024, 06:22:05 AM

Quote from: Ayers on March 11, 2024, 06:08:10 AM

History has been broken and we are creating a new history. Bitcoin breaking its ATH before the halving is something many people don't think about but I believe everyone is very happy. But what I am thinking is that the market will become more and more unpredictable and we should be more careful because it is likely that many people will miss the opportunity to sell their bitcoins during this bull season.

With bitcoin breaking its ATH before the halving, I'm sure many people will raise their selling targets higher and start getting greedier. There is nothing wrong with this, but I hope we will not be too greedy or blind to the developments that market makers want to show us and forget to take profits.

You make a fine point here and it's sadly the truth. Normally we expect such highs to occur when we close in on the month of April but it's still the early part of March and we are experiencing this and as such people will get enticed by this happening and would get greedy, hoping to cash big and end up missing out on the time to take in their profits. Just to ask, is there ever a right time to cash in on your profits because what I set as a bar to check my gain can differ from the next person.

People who have been diligently DCAing bitcoin for years are starting to profit, and what I see is that everyone wants to sell bitcoin when it hits $100k. But with the current situation, there are definitely a lot of people who are becoming more greedy and raising their goals higher. So what I fear is that many people will miss the opportunity to sell and even lose money. I hope people don't get caught up in the greedy vortex that the market is creating and wants us to get caught up in. We must always set goals and sell when we achieve them, don't be greedy otherwise we will have to pay a high price.

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Quote from: Sorryfor on March 13, 2024, 04:01:49 AM

Yes earlier Bitcoin reached its all-time high in 2021 when it was valued at $69,000. Since then, the price of Bitcoin has gone down and in 2022, its value stands at $15,000. However, in March 2024, Bitcoin reached its highest ATH in history. I saw it go up to $73,000 a while ago. But those who invested in Bitcoin a few months ago now have the highest chance to earn good amount of profit from it. However, many believe that Bitcoin will increase further and reach $10,000,000 in the next few days. As a result, if you still hold it, you can earn more profit after a few days. Bitcoin has a lot of momentum right now.

People are getting good vibes these days. For sure, a lot of people want to get a hold of some satoshis because of the current market trend. And I am pretty sure, a lot will say to themselves that if it is too late to jump on this market.
Do remember, the capability to invest on this market depends on your financials.

Quote from: Ayers on March 11, 2024, 06:08:10 AM

History has been broken and we are creating a new history. Bitcoin breaking its ATH before the halving is something many people don't think about but I believe everyone is very happy. But what I am thinking is that the market will become more and more unpredictable and we should be more careful because it is likely that many people will miss the opportunity to sell their bitcoins during this bull season.

With bitcoin breaking its ATH before the halving, I'm sure many people will raise their selling targets higher and start getting greedier. There is nothing wrong with this, but I hope we will not be too greedy or blind to the developments that market makers want to show us and forget to take profits.

Definitely, this btc performance, reaching new ATH gave a lot of good vibes to the community. Aiming more of what we just achieved before or after the halving. As we experienced the over 70k level this time, for sure, many are aiming to sell off at 80k and more. Now, it is interesting how the halving will affect the price level of bitcoin this time around...

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Yes earlier Bitcoin reached its all-time high in 2021 when it was valued at $69,000. Since then, the price of Bitcoin has gone down and in 2022, its value stands at $15,000. However, in March 2024, Bitcoin reached its highest ATH in history. I saw it go up to $73,000 a while ago. But those who invested in Bitcoin a few months ago now have the highest chance to earn good amount of profit from it. However, many believe that Bitcoin will increase further and reach $10,000,000 in the next few days. As a result, if you still hold it, you can earn more profit after a few days. Bitcoin has a lot of momentum right now.

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Quote from: adaseb on March 12, 2024, 11:31:40 PM

I think everyone is jumping in because they think $100K is a given. And seeing how we almost never dip and keep pumping in the NY session. I think its going to be a very bullish season.

At this rate, $100k seems like an achievable mark and we'd see it happening sooner rather than later so I guess everyone is jumping to at least cash out from it. Microstrategy bought 12,000 more bitcoins worth $821.7m, records have it that this is the second highest buy since he started his Bitcoin journey and it's somehow looking like he wants to compete with BlackRock or something. Well, this purchase had helped kicked price up by 675%..

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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/

And we are still going to go up no matter what, I mean this is pre-halving so there are a lot of leg room for us to go South and see prices breaking $80k->$100k or higher. So I will say that just don't sell yet, it's normal to get excited specially if this is going to be our first halving.

Nevertheless, the real fun begins once we see the halving, prices might go parabolic as there will be a lot of demands. Bitcoin getting limited and then everyone wanted to get their hands on it will push the price to 6 digits and we don't know what will be the top price in this bull cycle that might run up to next year.

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Numbers are not in for todays trading session but yesterday was another bullish day. Something like $500M added. There was also the weekend tether print of $2B, about a quarter billion of USDC print, the $800M MSTR buy and you got bitcoin all over the news pretty much.

I think everyone is jumping in because they think $100K is a given. And seeing how we almost never dip and keep pumping in the NY session. I think its going to be a very bullish season.

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Quote from: DanWalker on March 11, 2024, 09:41:51 AM

What I am seeing is that this price increase is the impact of bitcoin ETFs and large funds like blackrock that are absorbing tons of bitcoin every day. I have a feeling that giant investment funds are intentionally creating bitcoin scarcity by buying bitcoin out of spite. I really don't know if this rapid price increase is a good thing or if something bad is about to happen. Have you ever thought about the scenario where Blackrock and ETFs are buying bitcoin and trying to push the price of bitcoin as high as possible, then they will sell massively to make a profit?

I don't think this is the result of supply and demand but of widespread price manipulation by large investment funds.

You'd agree with me that after the ETFs were approved on January, 10th, bitcoin price which was at $46,121.54 remained that way till we started seeing some signs of break away in February so i won't really attribute its rise to the that of the ETFs approval alone. I've not really experienced a bitcoin halving event but i know that price tends to shoot up during that period but what we are experiencing right now is quite different but in a good way.
Its quite natural for these big investors to want to manipulate the market so they can grossly gain from it but know that not only is BlackRock buying lots of bitcoin to gain a lot, but they are doing this to be able amply fund their Ishares Bitcoin Trust, this being the investment firm's spot ETF.

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Quote from: EluguHcman on March 11, 2024, 06:26:37 AM

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

Is it the bull run that caused it's price to shoot up or is there a big whale buying?

There is a big associates between the demands and the supplies which generated the momentum of this appreciative price right since this halving til date the market surged this amazing height of $71K.
We are yet to reach the moon after the bull run to hit the ATH.

What I am seeing is that this price increase is the impact of bitcoin ETFs and large funds like blackrock that are absorbing tons of bitcoin every day. I have a feeling that giant investment funds are intentionally creating bitcoin scarcity by buying bitcoin out of spite. I really don't know if this rapid price increase is a good thing or if something bad is about to happen. Have you ever thought about the scenario where Blackrock and ETFs are buying bitcoin and trying to push the price of bitcoin as high as possible, then they will sell massively to make a profit?

I don't think this is the result of supply and demand but of widespread price manipulation by large investment funds.

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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/

This is all about the ETF spot effect and not predominantly of any big whale actions though, and we are just getting started because with what the price is doing right now am beginning to agree that a $120k price is possible to hit before December 2024.

For a new $71k+ ATH price to be met before the emergence of the halving circle it all supposed that holders should get ready to receive a significant profit in this bullrun like never before, investors will be taking profits in big bags.

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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.

The market pumping in this period is being so enticing and overwhelming. Imagine how the halving season has hike over the past ATH. That is just to say something huger beyond predictions is coming with the bull season.

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

Is it the bull run that caused it's price to shoot up or is there a big whale buying?

There is a big associates between the demands and the supplies which generated the momentum of this appreciative price right since this halving til date the market surged this amazing height of $71K.
We are yet to reach the moon after the bull run to hit the ATH.

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Quote from: Ayers on March 11, 2024, 06:08:10 AM

History has been broken and we are creating a new history. Bitcoin breaking its ATH before the halving is something many people don't think about but I believe everyone is very happy. But what I am thinking is that the market will become more and more unpredictable and we should be more careful because it is likely that many people will miss the opportunity to sell their bitcoins during this bull season.

With bitcoin breaking its ATH before the halving, I'm sure many people will raise their selling targets higher and start getting greedier. There is nothing wrong with this, but I hope we will not be too greedy or blind to the developments that market makers want to show us and forget to take profits.

You make a fine point here and it's sadly the truth. Normally we expect such highs to occur when we close in on the month of April but it's still the early part of March and we are experiencing this and as such people will get enticed by this happening and would get greedy, hoping to cash big and end up missing out on the time to take in their profits. Just to ask, is there ever a right time to cash in on your profits because what I set as a bar to check my gain can differ from the next person.

Topic: Bitcoin breaks 2021 ATH and hits $71k! - page 4. (Read 922 times)