Bitcoin's last big rally in this cycle

batang_bitcoin

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Quote from: MooWho on March 03, 2024, 02:51:04 PM

Good news: On the Bullish "Big Rally" BTC side, making money with Alt/USD is easy, and sometimes you can also gain much more from Alt/BTC going up too.

It only means that for every pair on this market, anyone can make money. But I'd stick to BTC/USD for this moment and I'd stack with that for more. While I trade some alts so that I'd get some money as well from those trades, I'll make sure that I'll have more of it so that I can stick to my plan until the top price of Bitcoin shows.

Quote from: Sophokles on March 04, 2024, 03:55:52 PM

The way they are accumulating bitcoin the exchanges will run out of bitcoin very soon which will create a supply shock.

We will get some clue and signs when exchange are halting withdrawals or when they limit specific amounts for withdrawals.

Sophokles

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What do you mean by bitcoins last big rally? After this halving, will bitcoin be dead or will the industry abandon bitcoin and its utilities? It is true that it is going to be the biggest bull cycle ever and people will make more money than they have before. This time institutional investors are running the rally and they have a full bag of money that they are injecting into the market. The way they are accumulating bitcoin the exchanges will run out of bitcoin very soon which will create a supply shock.

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Quote from: Bushdark on March 03, 2024, 07:59:45 AM

We might see more moves before the price of Bitcoin continue the bull trend.
If we are buy at this stage especially buying more of Bitcoin, we might be surprised that we are going to make more money from the crypto market. There are also other good altcoins we can buy to hold before the price of Bitcoin continues.
I think we all want to make money but we must be ready to invest at the right time.

So you think that the time is right for making investments? Isn't it a bit late for that? I know one can use the DCA method to make an entry even at this point, but it could have been better if they did it earlier when Bitcoin was still pretty low and the whole market was quite stable. There is no doubt that one can earn profit even if they invest right now because we anticipate the market to go way up from here, but profits will be less for investors in this market condition.
However, as they say, something is better than nothing. So maybe those that have missed earlier prices should make an entry and at least get something out of their investments in the bull run.

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Quote from: Forsyth Jones on March 02, 2024, 07:53:28 PM

With each historical top lower than the previous ATH, I think that Bitcoin tends to consolidate itself in the market and become more stable (than it is today).

I believe that this cycle has great potential to be greater than the previous ones, I cite as a basis the performance of Bitcoin this year, where Bitcoin almost broke 64K USD, almost reaching the ATH even before the halving, this is unprecedented, imagine what it can do happen the following year, which is usually the leg with the highest increase.

We know that this is due to the highly positive moment for Bitcoin, ETH approved, institutional money coming in.

To be honest, I hope I'm wrong and that the infinite highs continue.

There is no way for infinite new highs to happen, as even if the amount of money in the economy is enormous, it is not infinite, so even if the whole world disregarded fiat overnight and only used bitcoin, that will not be enough to make the price of bitcoin to go up indefinitely, so a limit will be reached at some point, however taking into account how early we are and that the halving has not taken place, I think it is safe to say the price of bitcoin could go much higher.

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Quote from: Forsyth Jones on March 02, 2024, 07:53:28 PM

With each historical top lower than the previous ATH, I think that Bitcoin tends to consolidate itself in the market and become more stable (than it is today).

I believe that this cycle has great potential to be greater than the previous ones, I cite as a basis the performance of Bitcoin this year, where Bitcoin almost broke 64K USD, almost reaching the ATH even before the halving, this is unprecedented, imagine what it can do happen the following year, which is usually the leg with the highest increase.

We know that this is due to the highly positive moment for Bitcoin, ETH approved, institutional money coming in.

To be honest, I hope I'm wrong and that the infinite highs continue.

You seem to over expecting and forgetting that anything could well happen from here on out, we have had short bull cycles in past times and this could be no different, Im not saying that this could happen but you should be ready for anything right now since we are in the noman's land in bitcoin price where it's about to surpass it's last ATH or fall back down, but I am not expecting it to fall cause the demand of bitcoin has risen quite drastically since the EFT approval and the asset us getting more scarce I'm so we should be expecting a more upward movement for bitcoin till next year 2025 not without consolidation or price dumps but I mean we have enough momentum to carry the bull till next year.

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we haven't reached the halving yet and we know from the chart usually the coin become bullish after halving, usually the halving itself won't give that much effect towards the price im sure of it but usually what comes after halving is what matters if the the whole market is still as bullish as ever it will just means that we probably gonna be reaching that $100k target that people keep talking about.

remember it could be self fulfilling prophecy people are saying its gonna hit $100k its gonna hit that much for real because people believing and accumulating.
undoubtedly the institution money that you stated before its just the beginning we just recently getting approved of ETF, we see the volume is really high.

though i might be biased in this regard, im really hoping the price will just go climbing up all the way to the $100k, because simply put, im betting my whole life saving for this.

nelson4lov

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Infinite market won't continue for very long as we might likely see some sell-offs before the halving event. A quick look at funding rates across the markets shows that almost every coin or token from bitcoin to major/mid/micro cap tokens are all in the red and the market is expecting a correction for funding rates to reset. So there are no infinite market even though market and numbers going up means that my bags will stay in the green. Sadly, it doesn't happen like that. I'm expecting a correction here so we can load back at a lower price zone.

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Quote from: MooWho on March 03, 2024, 02:51:04 PM

fyi: This topic is currently posted in "Altcoin Discussion", so I was expecting to discuss the way BTC Bull markets tend to effect Altcoin cycles. Let's do that? Historically, alt/BTC used to be strong when btc/usd fell fast ("correcting" from a rally) since the better alts where maintaining much of their USD value. However, once the "mania top" is in and BTC is extremely Bearish, then the alts take a severe hit since the frightened masses are selling their alts to also exit BTC ASAP.

Good news: On the Bullish "Big Rally" BTC side, making money with Alt/USD is easy, and sometimes you can also gain much more from Alt/BTC going up too.

I wanted to point that out too that the thread should be moved to bitcoin discussion board but a read down below a few lines I discovered that the comment also includes Ethereum which have ushard in a different view that justify the thread to be in the altcoins board.

Back to the topic, bitcoin and Ethereum who are the two most popular cryptocurrencies have witnessed alot of change's a d development that have the basis to trigger their price in upward direction and also considering how close we are to another significant event in the bitcoin network it shows alot more positive outlook for the market.

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Quote from: Bushdark on March 03, 2024, 07:59:45 AM

We might see more moves before the price of Bitcoin continue the bull trend.
If we are buy at this stage especially buying more of Bitcoin, we might be surprised that we are going to make more money from the crypto market. There are also other good altcoins we can buy to hold before the price of Bitcoin continues.
I think we all want to make money but we must be ready to invest at the right time.

The market is vast and there's presence of key projects. We invest our time to become successful investors and traders in the crypto space but it's challenging it can't be accomplished in one month or a year, rather it requires steady build-up of our techniques and becoming prominent to catch the desirable outcomes. Bitcoin have remained the top project in the space, take good time to invest in the project. Invest your money where it will yield profits and I'm not holding back from doing the necessary duties because it brings out constant efforts.

Mate2237

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Oga Op, bitcoin has not thought of itself to be a stable coins but to be an unstable for people to use. Bitcoin was build upon decentralized system and not central system. Coming circle of All Time High will be definitely higher than the previous one and if the bitcoin market price didn't pass the previous price then it has not reach the all time high because the last All time high was &69k and this one must pass that margin to hit the All Time High. If not all the waiting will be a waste.

The correction was to moderate the market.

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Quote from: Forsyth Jones on March 03, 2024, 01:39:15 PM

It'd be great if we had healthy corrections of -15% - 20%, but lately, at least since this rise began, from September to now, we have not had corrections greater than -15%.

Yes, it is true that the correction that has occurred so far, the correction that has occurred over the last 6 months has not exceeded 15% and perhaps in the future the correction that has occurred will be a healthy correction experienced by Bitcoin.
And this happens, because some people or investors take profits or sell their holdings because they are worried, but their decision will make them regret it when the price of Bitcoin reverses direction and continues to rise. And this is an event that cannot be separated, because every investor or other person who enters has a different psychologist and in the end they understand how Bitcoin moves and will also be their next valuable experience.
And I firmly believe in consent ETF approval there will always be good news for Bitcoin and one of the proofs that Bitcoin prices could rise a few days ago is https://www.microstrategy.com/press/microstrategy-acquires-additional-3000-bitcoins-and-now-holds-193000-btc_02-26-2024 dan probably many more.

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Quote from: Forsyth Jones on March 02, 2024, 07:53:28 PM

With each historical top lower than the previous ATH, I think that Bitcoin tends to consolidate itself in the market and become more stable (than it is today).

I believe that this cycle has great potential to be greater than the previous ones, I cite as a basis the performance of Bitcoin this year, where Bitcoin almost broke 64K USD, almost reaching the ATH even before the halving, this is unprecedented, imagine what it can do happen the following year, which is usually the leg with the highest increase.

We know that this is due to the highly positive moment for Bitcoin, ETH approved, institutional money coming in.

To be honest, I hope I'm wrong and that the infinite highs continue.

I don't think this is the last of bitcoins rallies. What ypu might end up seeing is people not talking in terms of whole bitcoin but more in units like mBTC. It's physiological once it hits 6 and even possibly 7 figures. People erroneously just think it's expensive because of the price per bitcoin. Who knows but I hope it's not the last big rally too.

MooWho

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fyi: This topic is currently posted in "Altcoin Discussion", so I was expecting to discuss the way BTC Bull markets tend to effect Altcoin cycles. Let's do that? Historically, alt/BTC used to be strong when btc/usd fell fast ("correcting" from a rally) since the better alts where maintaining much of their USD value. However, once the "mania top" is in and BTC is extremely Bearish, then the alts take a severe hit since the frightened masses are selling their alts to also exit BTC ASAP.

Good news: On the Bullish "Big Rally" BTC side, making money with Alt/USD is easy, and sometimes you can also gain much more from Alt/BTC going up too.

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Quote from: Forsyth Jones on March 02, 2024, 07:53:28 PM

I believe that this cycle has great potential to be greater than the previous ones

It's always been the new cycle shows greater potential than the old and past ones. This is the reason why the upcoming cycle is an exciting one because if we'll be basing it on the past runs, we can say that the past one was also great but there's so much potential to see a greater run this time.

Quote from: Forsyth Jones on March 02, 2024, 07:53:28 PM

I cite as a basis the performance of Bitcoin this year, where Bitcoin almost broke 64K USD, almost reaching the ATH even before the halving, this is unprecedented, imagine what it can do happen the following year, which is usually the leg with the highest increase.

It's actually impressive that we're not yet on the halving but the effect seems to be coming from it. But no, it's not the halving pre-effect of it but the ETF that has helped the price and cope up with the demand that comes from the institutions. This helps Bitcoin to reach these highs and it has got now a higher support better than what it has got for the past several months. I'm just chill and still waiting for the last leg of this bull run because it is giving the idea that it's going to reach 6 digits and more than that but I don't want my hopes to break when I expect too much.

Quote from: Forsyth Jones on March 02, 2024, 07:53:28 PM

We know that this is due to the highly positive moment for Bitcoin, ETH approved, institutional money coming in.

To be honest, I hope I'm wrong and that the infinite highs continue.

Not with ETH, there's no ETH ETF approval yet and the decision for it will be given by May. But about institutional money, they've been there since 2021 but it's gotta be more this time.

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Quote from: uneng on March 03, 2024, 10:31:31 AM

What I think to be the most interesting aspect of this bullish season so far is the fact we are seeing Bitcoin flcutuating around price ranges which I was expecting to see only in the end of 2024. However, I'm not sure if it's a good or bad sign yet, because as we have seen along all these years in crypto market, when prices increase too fast in short time intervals, we see harsh corrections right after. So I fear whales might use this to liquidate positions and crash BTC price before we see the next ATH yet.

I'm really curious to see if we are safe to go from the current 62,000$ to the next ATH, or if it will still bounce to 40,000$-50,000$ once again before we have a direct ride to a more humble ATH between 70,000$-80,000$.

I share the same opinion, except for your guess of 70 - 80K USD for Bitcoin, I believe it could reach even more in this cycle, like 120,000 USD or 140K, I don't really like speculating on the price of Bitcoin, I'm more into technology.

I think your concern about the price of bitcoin reaching such high levels in the short term is valid, but it is worth highlighting that we are in a very positive moment, all in a single year and period that makes things more suitable for its strong appreciation.

It'd be great if we had healthy corrections of -15% - 20%, but lately, at least since this rise began, from September to now, we have not had corrections greater than -15%.

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Quote from: Forsyth Jones on March 02, 2024, 07:53:28 PM

I believe that this cycle has great potential to be greater than the previous ones, I cite as a basis the performance of Bitcoin this year, where Bitcoin almost broke 64K USD, almost reaching the ATH even before the halving, this is unprecedented, imagine what it can do happen the following year, which is usually the leg with the highest increase.

What I think to be the most interesting aspect of this bullish season so far is the fact we are seeing Bitcoin flcutuating around price ranges which I was expecting to see only in the end of 2024. However, I'm not sure if it's a good or bad sign yet, because as we have seen along all these years in crypto market, when prices increase too fast in short time intervals, we see harsh corrections right after. So I fear whales might use this to liquidate positions and crash BTC price before we see the next ATH yet.

I'm really curious to see if we are safe to go from the current 62,000$ to the next ATH, or if it will still bounce to 40,000$-50,000$ once again before we have a direct ride to a more humble ATH between 70,000$-80,000$.

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we're all hoping for the best in this cycle. i heard of the statement before but some of us still didn't get what they meant when they said last big rally.
could it be that this is the last cycle and sooner no ordinary man can simply buy BTC because its price is so high? or it's the last big rally because everything will change after this.

some are saying this bull run will go running til the end of 2025. seem a year off party will happen.

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Quote from: Forsyth Jones on March 02, 2024, 07:53:28 PM

With each historical top lower than the previous ATH, I think that Bitcoin tends to consolidate itself in the market and become more stable (than it is today).

I believe that this cycle has great potential to be greater than the previous ones, I cite as a basis the performance of Bitcoin this year, where Bitcoin almost broke 64K USD, almost reaching the ATH even before the halving, this is unprecedented, imagine what it can do happen the following year, which is usually the leg with the highest increase.

We know that this is due to the highly positive moment for Bitcoin, ETH approved, institutional money coming in.

To be honest, I hope I'm wrong and that the infinite highs continue.

Lower highs aren't exactly a sign of stability, more like a slow leak. Just because Bitcoin did well this year doesn't mean it's on a guaranteed rocket ride forever. This "infinite highs" thing sounds like wishful thinking.

Crypto is volatile, that's the whole game. It could go up, it could crash. Hoping for never-ending gains might set you up for disappointment. Just sayin'.

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Quote from: Forsyth Jones on March 02, 2024, 07:53:28 PM

With each historical top lower than the previous ATH, I think that Bitcoin tends to consolidate itself in the market and become more stable (than it is today).

I believe that this cycle has great potential to be greater than the previous ones, I cite as a basis the performance of Bitcoin this year, where Bitcoin almost broke 64K USD, almost reaching the ATH even before the halving, this is unprecedented, imagine what it can do happen the following year, which is usually the leg with the highest increase.

We know that this is due to the highly positive moment for Bitcoin, ETH approved, institutional money coming in.

To be honest, I hope I'm wrong and that the infinite highs continue.

It's too early to say so. Surely there won't be infinite rise but there are good signs that shows bitcoin can beat its last all time high.
One of the reason why bitcoin would make another historical high is the institutional investment on it that decreases the liquid supply of bitcoin in the market.
With limited supply, there are greater chances of quick rise in price. There are correction after every sharp rise and fall. Considering the accumulation that have been going on bitcoin, I believe, we have already in the ultimate bull, after some correction, Bitcoin could push above 100K as everyone believed.

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And this is one of the most important and also the most interesting aspects of the Bitcoin halving is its impact on the price of Bitcoin, and what is happening now is unprecedented.
Bitcoin price is currently close to the previous ATH which I think will reach there in the near future, and once the halving happens, I believe Bitcoin price will reach $100K and by 2025 it will be over $100K.
And as we know before, if the ETF agrees then this can help increase the price of Bitcoin because demand increases and this really happens after the ETF agrees.
And such a good event will be a race for everyone or investors to buy Bitcoin or accumulate more Bitcoin which will make Bitcoin price continue to rise and generate huge profits after the halving.

Topic: Bitcoin's last big rally in this cycle (Read 157 times)