Bitcoin's new All Time High (ATH) has been reached this year again (X2) - page 4.

GeorgeJohn

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Investors currently only look at Bitcoin without looking at Altcoins, so the effect is increasingly clear that Bitcoin can grow slowly with an increase in price of only a few percent,

Really investor's currently is looking at bitcoin via investment, but before now some investors looks directly to alternative coin's saying that is the best option someone adventure and make an accumulative profit via investment into cryptocurrencies, i can as well seeing bitcoin to give ATH a potential margin and approach since this year in price

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but the opposite happened to Altcoins where they all couldn't increase like Bitcoin is now, so this is the real effect on the Altcoins that are now in the market.

When you scrutinized the marketcap of alternative coins it's noticeable that some of them is making a preferential approach, is not that alternative coins are stagnant or adamant in price increment, at least their are making small move but their movement in price can't be compared with bitcoin, besides , from my perspective bitcoin supposed to have more market bond than ATH

Fundamentals Of

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They're also increasing actually but not as high as Bitcoin. This is understandable because the hype at the moment is all about Bitcoin and and not cryptocurrency in general. If you look at the news headlines about crypto, the talks are mainly focused on Bitcoin ETF in the United States. This means to say that people are more focused on Bitcoin and not on altcoins. The ETF for now is only for Bitcoin. But there are strong information that an Ethereum ETF is on the way. So I think this will also bolster Ethereum in the next days or weeks.

adaseb

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So far this is not the reaction I was looking for. Was expecting to go to $70K at least or if we were to pullback we wouldn’t go below the old ATH price of $65K. The way it’s trading it’s not looking too well. I think if we close below the old ATH on the weekly most likely we will get some sell off when the new weekly candle starts on Sunday.

It’s still possible we might break again however what happened earlier with those nasty flash crashes is not a good sign. Usually when exchanges get these flash crashes it means a pullback is going to come. Look at all the flash crashes we had in the past, most of the time it signaled a local top.

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Quote from: The Cryptovator on October 21, 2021, 12:39:35 PM

Touching a new ATH is not surprising to me because the new ATH was nearby the previous ATH. I am expecting one more ATH which should be above $70K. But it was pretty surprising to me that all of the alt coins did not follow the Bitcoin trend. I am assuming that the investors are playing with Bitcoin and did not concentrate it on altcoin. Most probably if Bitcoin is stable in a zone then investors would move to the altcoin and definitely, altcoin would start to move upward in case Bitcoin does not start the dump. As we know cryptocurrency is dependent on fresh investors so we have to wait and see.

It might not be surprising for some people but it is really something important or give out that boost of feeling into those situations on where we do see that bitcoin had reached up again a new all time high
and it was done twice of this year which is something that really proves out that bitcoins ATH is something unknown yet because it does vary or depend on the demand itself.
For now lets just cherish and sell out to those who had make out some short trades and people who do decide to hold it for long no matter what.

Wawa2013

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Quote from: samcrypto on October 21, 2021, 04:52:34 PM

Quote from: Johnyz on October 21, 2021, 03:37:05 PM

This is my first time to experience in one year there’s two bull trend and making new ATH for the second time this year. I don’t know if this tells a possible long bear market but hopefully not at all. After making analysis, Bitcoin can still go high and the up trend is not end yet, we might still see a $100k on the last month of 2021. Just continue to monitor Bitcoin and do necessary actions to avoid any problem later on.

This is also possible and we cannot expect this market to keep on rising without such corrections, that's a normal trend.
If you do look at the market at a larger time frame, we are still going up and that means to me a lot, for me the future is still with cryptocurrency and Bitcoin. We are going to achieve that $100k before the year end, many are working on this to achieve it, for sure whales are working too.

It is true that there may be a correction before the Bitcoin price rises even higher, because indeed we cannot expect the price of Bitcoin to continue
to rise until the end of the year without a correction. If we see Bitcoin's price is now down 5% in 24 hours, it means that the correction has started
to occur, after previously Bitcoin managed to reach new ATH. But there is no need to panic if we see the Bitcoin price correction, we should take
advantage of that by buying more Bitcoin if we still have extra money. I expect the closer to the end of the year the Bitcoin price will be more
volatile, then do not be surprised if the price will move up and down significantly. For now, all we can do is be patient holding the Bitcoins we have,
or if it is possible to collect as much Bitcoin as possible. Hopefully the target of $100k can be achieved by the end of this year, then we can generate
large profits.

samcrypto

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Quote from: Johnyz on October 21, 2021, 03:37:05 PM

This is my first time to experience in one year there’s two bull trend and making new ATH for the second time this year. I don’t know if this tells a possible long bear market but hopefully not at all. After making analysis, Bitcoin can still go high and the up trend is not end yet, we might still see a $100k on the last month of 2021. Just continue to monitor Bitcoin and do necessary actions to avoid any problem later on.

This is also possible and we cannot expect this market to keep on rising without such corrections, that's a normal trend.
If you do look at the market at a larger time frame, we are still going up and that means to me a lot, for me the future is still with cryptocurrency and Bitcoin. We are going to achieve that $100k before the year end, many are working on this to achieve it, for sure whales are working too.

henmark

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Reaching the new ATH means we are going to be basically doing something even bigger. Anytime bitcoin breaks the record and reaches a new high it doesn't stop there and keeps going up. I believe that the same thing will happen here as well. It is obvious that we are in a bull run right now, we are going to reach 70k for sure and the 100k price is not looking that unusual right now.

Obviously it is not going to be easy but I believe that we are going to basically be reaching that kind of level if we keep this up. People need to realize that they are not doing something that is normal right now, buying at these levels means that you are at the start of the bull run and will make a lot of profit for sure.

Johnyz

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This is my first time to experience in one year there’s two bull trend and making new ATH for the second time this year. I don’t know if this tells a possible long bear market but hopefully not at all. After making analysis, Bitcoin can still go high and the up trend is not end yet, we might still see a $100k on the last month of 2021. Just continue to monitor Bitcoin and do necessary actions to avoid any problem later on.

doomloop

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Quote from: Davian144 on October 19, 2021, 08:40:25 PM

I'm not surprised that Bitcoin has been able to surpass a new ATH again this year, which means Bitcoin has experienced twice ATH this year in different months with not so long duration, which is about 6 months(+ -), and this is lagging -again proving that Bitcoin continues to strengthen and is trusted by everyone,

In 2021, anything beyond $19,800 must be a new ATH and this way, we had multiple ATHes in first four months of this year and the current ATH is not second time we are seeing an ATH. Like you and many other people, I am also not surpriced on seeing the bounce back of bitcoin as it is a highly expected one.

Quote from: Davian144 on October 19, 2021, 08:40:25 PM

what I'm surprised is that all the popular Altcoins in the market have not reached their new ATH after having reached it together with Bitcoin in the previous 6 months.

Most altcoins may not see another new ATH here after as they might get dumped too hard and then might get delisted from exchanges. If you calculate ATH in USD value then some coins may try to satisfy you for the money you wasted with them.

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Quote from: The Cryptovator on October 21, 2021, 12:39:35 PM

Touching a new ATH is not surprising to me because the new ATH was nearby the previous ATH. I am expecting one more ATH which should be above $70K. But it was pretty surprising to me that all of the alt coins did not follow the Bitcoin trend. I am assuming that the investors are playing with Bitcoin and did not concentrate it on altcoin. Most probably if Bitcoin is stable in a zone then investors would move to the altcoin and definitely, altcoin would start to move upward in case Bitcoin does not start the dump. As we know cryptocurrency is dependent on fresh investors so we have to wait and see.

Wise money went into bitcoin market in the last 24 hours, that's why altcoin didn't follow the trend of bitcoin. I think it's good though, at least investors knows where to put their hard earn money. I'm seeing some minor correction though, just normal that after reaching a new all time high, investors are selling to take profit. But yes, $70k is the next big target and hopefully we can reach it this month because the market is still in the bullish sentiments.

The Cryptovator

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Touching a new ATH is not surprising to me because the new ATH was nearby the previous ATH. I am expecting one more ATH which should be above $70K. But it was pretty surprising to me that all of the alt coins did not follow the Bitcoin trend. I am assuming that the investors are playing with Bitcoin and did not concentrate it on altcoin. Most probably if Bitcoin is stable in a zone then investors would move to the altcoin and definitely, altcoin would start to move upward in case Bitcoin does not start the dump. As we know cryptocurrency is dependent on fresh investors so we have to wait and see.

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Quote from: arufox on October 21, 2021, 07:27:58 AM

In my opinion, the recent record ATH Bitcoin has given hope for a bullish market that will continue to strengthen in the future. Although the new ATH of altcoins has not yet been reached at the same time as bitcoin, I believe that altcoins will also spur significant increases to reach new ATH in the near future.

But we need to have more patients because the bitcoin price now is down to $63k and hopefully, that price will not go down below $62k. We are almost on the weekend, so we need to prepare if the correction still happens next week. But we have more chances to see another high price in the next weeks. The ATH for the altcoin will come as what we saw to bitcoin but we need to wait for more.

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In my opinion, the recent record ATH Bitcoin has given hope for a bullish market that will continue to strengthen in the future. Although the new ATH of altcoins has not yet been reached at the same time as bitcoin, I believe that altcoins will also spur significant increases to reach new ATH in the near future.

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Quote from: Davian144 on October 19, 2021, 09:22:28 PM

Quote from: bussybuddy on October 19, 2021, 08:56:03 PM

The way I feel over time, it doesn't seem to be the case when we look back at BTC at this price point.
Maybe time testing for new entrants time has passed, and we should see a new cycle easily identified with this field. And now we are on an uptrend with BTC, I am alone with people who give me advice on BTC falling to $20k.

Have you seen BTC ever drop to $20K this year after finding its first ATH of the year? because what is happening now is the second ATH and I personally have never seen that Bitcoin can experience ATH up to two times within a year, so this is certainly very extraordinary and very real.

The so called "all time high" (ATH) is just a number.This year,the price reached the ATH two times,but what can we say about 2013,when the price went from 16USD to more than 1200USD. Grin

The Bitcoin price was reaching a new ATH every hour for a couple of weeks during the 2013 price bubble.
That's multiple ATHs in a short time frame. Grin

The Bitcoin community wasn't so obsessed with ATHs back then.
Anyway,many people regret that they didn't bought BTC before this bull run,so now they simply wish the price to drop back to 20K USD.The amount of FUD will go thru the roof in the next weeks.

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Quote from: sunsilk on October 21, 2021, 05:06:33 AM

It is okay if the altcoins aren't doing that much but you have to look for a few of them because they're also going up. But with the usual cycle, if you're looking for the going up of the other altcoins.

They're going up whenever bitcoin's rise is already done. So usually, they're increasing after bitcoin's push-up. What if we see another historical move of bitcoin that we get to see for another ATH within this year and that's still possible.

mostly it is Bitcoin that makes the way starting the hype and then when it ends we will see altcoin following the move so Lets just Make this moment a Bitcoin solely moment and we will see some altcoins in the next.

i checked the market early today when i woke up and guess , i can't believe what I am seeing and thought i am still dreaming.

but after multiple refresh in the market indeed the price rose up to 66k lol.

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It is okay if the altcoins aren't doing that much but you have to look for a few of them because they're also going up. But with the usual cycle, if you're looking for the going up of the other altcoins.

They're going up whenever bitcoin's rise is already done. So usually, they're increasing after bitcoin's push-up. What if we see another historical move of bitcoin that we get to see for another ATH within this year and that's still possible.

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Quote from: Davian144 on October 19, 2021, 08:40:25 PM

I'm not surprised that Bitcoin has been able to surpass a new ATH again this year, which means Bitcoin has experienced twice ATH this year in different months with not so long duration, which is about 6 months(+ -), and this is lagging -again proving that Bitcoin continues to strengthen and is trusted by everyone, but what I'm surprised is that all the popular Altcoins in the market have not reached their new ATH after having reached it together with Bitcoin in the previous 6 months.
What do you think this is affected by ? so Altcoin looks very difficult to increase now

I have strong belief since this year that ATH will be keep on broken again and again , when the price Hit 64k and then drops down to below 30k? all i think is that another ATH is coming because of this uncertain movement and i am not wrong because here we are again and in this moving i know another ATH will come before the year ends.
100k? who can say right>? but at least we will break 70k within this October in that i am certain.

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Quote from: bittraffic on October 21, 2021, 02:13:57 AM

Quote from: Davian144 on October 19, 2021, 08:40:25 PM

but what I'm surprised is that all the popular Altcoins in the market have not reached their new ATH after having reached it together with Bitcoin in the previous 6 months. What do you think this is affected by ? so Altcoin looks very difficult to increase now

I have also noticed that. For over the years of having bullrun and bear market, investors have realized that its BTC will always have value, and altcoins are often going to be inferior especially if you only hold a few.

Some altcoins have not even breached their ATH since 2017, it's just that if an altcoin has POS, most of the holders who stake will sell every now and then the tokens they earned from staking. Even if the altcoins have usecase, they will not gain investors unless they really have the marketing as well.

It only means that alt coin investors is simply moving their funds to btc market now for obvious reasons. And that's what trigger the ATH that we witnessed in the last 24 hours. But then again the same investors will get out of their position for pure profits and maybe reinvest on alt coin market again because they know that it's easy to manipulate alt coin market.

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Quote from: Davian144 on October 19, 2021, 08:40:25 PM

but what I'm surprised is that all the popular Altcoins in the market have not reached their new ATH after having reached it together with Bitcoin in the previous 6 months. What do you think this is affected by ? so Altcoin looks very difficult to increase now

I have also noticed that. For over the years of having bullrun and bear market, investors have realized that its BTC will always have value, and altcoins are often going to be inferior especially if you only hold a few.

Some altcoins have not even breached their ATH since 2017, it's just that if an altcoin has POS, most of the holders who stake will sell every now and then the tokens they earned from staking. Even if the altcoins have usecase, they will not gain investors unless they really have the marketing as well.

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Quote from: Tytanowy Janusz on October 20, 2021, 11:51:03 AM

People gamble on alts (99% of atcoins are worth 0) when BTC is boring and its hard to trade it. When its stuck in consolidation for weeks.

Furthermore, when Bitcoin do 30% to 60% positively in a few days or couple of weeks, altcoins will drop in BTC values. You can not trade altcoins profitably if you long them.

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There is no need of trading altcoins when btc do +60% in 20 days. People simply trade BTC.

Trade Bitcoin or hold it and try to take profit before you switch to altcoins.

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But as soon as BTC will stop a little money will flow to alts creating new alt seazon. I think that sooner or later alts will reach new ATH and yell better return than BTC. The only next alt seazon killer would be BTC rally stop with -30% red 1 day dildo.

The altcoin season is the last thing to happen in any market wave. After an altcoin season, the market will be corrected and it will need a few months to have a new big season in bull run. In bear market, we will have to wait one to two years to go through a winter season.

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