Topic: Bitcoin’s Soaring Heights and the Unpredictable Journey Ahead (Read 152 times)

Quite interesting to see someone using bitcoin as an indicator. How does that work? While I do see the logic behind the market movement following that of bitcoin’s, it still depends on the individual performance of a coin. Not all altcoins’ value increase when bitcoin is rising and vice versa. Although it may very well reflect the overall trend of the market which gives off chance to identify entry and exit points. It’s just confusing because it’s different for each coin and in which movement is not guaranteed.

That's true. When people are overconfident and happy with the gains they're getting from their altcoins. They forget that it all started with Bitcoin's soaring.

It actually touched $60k and we're on $61k-$62kish of its price. And about the decline, they're nothing compared to the actual gain that Bitcoin and Ethereum has gained for a short period of time.

My personal opinion on this matter is that Bitcoin and other cryptocurrencies represent unique investment assets with high profit potential, but they also come with high risks. In recent years, we have seen a growing interest in cryptocurrencies, reflected in their prices and trading volumes.Additionally, it is wise to diversify one's investment portfolio, including various types of assets, to mitigate risks.

For me, Bitcoin as the initial benchmark was bullish this year, the bear market immediately returned like in 2017, then every time there was a price movement in Bitcoin, some altcoins also rose.
The biggest indicator is bitcoin, therefore we cannot deny that when the price of bitcoin soars high, altcoins also follow suit.
In the last few days the price of Bircoin has almost touched $60,000 and followed by Ethereum continuing to decline, will the bullish market continue soon and the altcoin season also awaits.

So many people has already anticipated and predicted that this bull run is going to make the price of Bitcoin to skyrocket and we might be surprised about the energy and momentum that is behind this movement.
We need to be patient with the market so that we can benefit huge and make good profits without bothers.
I hope to see Bitcoin going more bullish so  that I will keep winning.

I so much love the caption of this thread, Bitcoin has been seen making a good movement lately and this sound so much good for hodlers, though it was expected during this season bitcoin will rise but no one knows the actual amount it will hover to, bitcoin asset is the the only asset that have shown this kind of unbelievable appreciation in terms of price, I think we are still expecting more good news from Bitcoin, when people are bing advised to accumulate the little they can they though that it is a joke but now the tune is different, there is know way a spectator will buy little of this coin at the rate of  32k that such person wouldn't have make profit, the opportunity is lost for that period but can also be corrected that's if the potential investor is still interested.

Indeed bitcoin this year is very good in price and will tend to exceed ath, the attraction is there even though bitcoin is thousands of times that of new altcoins and tens of times that of ath ethreum. not infrequently even though bitcoin is analyzed for stepping stones by knowing the trend that will occur so that it gets the altcoin point it wants, I usually buy several altcoins when bitcoin experiences simple fractures. Although it did not happen to the stable coin but I experienced a very significant difference when bitcoin was bullish until now. If everyone realizes that the potential of bitcoin and altcoins will exceed ath, of course they will buy it when the price weakens, maybe the year where the fud is scattered. I think it's never too late to buy crypto at this time even though the profits are thin but for the risk of being too deep so far no, I save it.

Bitcoin is what it is and shouldn't be seen as an indicator, is best you invest in it and become part of it's success stories as it still have a more better way to go, Bitcoin is the biggest worlds class digital currency that has proven to be the best reason why it is talk of the day and widespread adoption, it safer and less risky invest and maximize your profits over time. Altcoin do not hold much future potential compare with Bitcoin and it is more risky.it is best you invest in a coin that makes you sleep well, which is Bitcoin.

Yes you are right the miners were able to mine 900 Bitcoin but the demand in the market is 10000 Bitcoin. I came across a graphic shared in the forum which said that. Considering the demand so high due to the spot ETFs the price of Bitcoin will be going high. After halving the demand will go up and it all builds up to a situation when the demand-to-supply ratio will not be equal.

With the sec approval of a bitcoin etf and the upcoming event of bitcoin halving, it is possible that there will be hardly any bitcoin left on exchanges because large companies are already investing in it, and almost everyone believes in bitcoin, thus considering it a store of value. With the multitude of holders, they are almost unwilling to exchange it for fiat. Therefore, where will this lead? Indeed, bitcoin may surpass fiat currency.

to add with this fact, billions of ethereum are locked right now, so many projects are trying to make people lock their ethereum for long term this alone already make eth strong, the recent dip few weeks ago if im not mistaken absolutely does nothing to ethereum it means there's lack of supply in the market just imagine if eth ETF is also approved and inflow money gonna be massive.
Bitcoin reaching beyond $100k is not some wishful thinking and when bitcoin reached that high it will also be followed by ethereum. we will never see sub $20k as a floor, even $30k when bearish probably we will never see.
this is why hodler is always the winner because they mostly bought at the very bottom imagine buying at $16k and seeing current state of price, those people that accumulate are definitely accumulating gold but doubled over the course of the months.
great win for any bitcoin holder out there, hope anyone that hold could be diamond hand waiting until at least it hits $100k.

I don't know why everyone rushes into altcoins when bitcoin hasn't even come close to slowing down.  Don't bail out of bitcoin too early you might pick the wrong alt and miss this whole bull market holding crud.  No issue having a little altcoins during this time but not holding bitcoin isn't the way.

I may agree with you that people shouldn't invest with it if they're too emotional. But what's the cause of not investing? Because it's already on the top? We've been telling everyone to invest on it as much as they can when it's still below $60k. But many didn't listen and you guys are now trying to invest at the top again. The tendency that you'll be stuck there again is high but with halving coming in soon, there's a chance that you might go out there very early.

Those that are emotional on this market have to stay away and just accept that you've never invested when it was too low. You need to deal with it for you to understand the importance of buying when no one is buying and when people are telling to buy at those low prices. But before that, if you're long on Bitcoin and you think that it's going to be more than the recent price surge of it, then buy but take it as your emotion to be out of it and you're decided to do so with no one to blame with whatever happens to its price after this surge that we're happily and enjoying to see. No one is there to help you out with these decisions but only you, so check and see if they're going to be the right moment for you and you're patient enough.

Bitcoin will definitely influence market movements and in the end some altcoins will follow Bitcoin's movements, but that doesn't mean Bitcoin can influence all altcoins, especially shitcoins because shitcoins are unreliable.
And most of them follow Bitcoin's movements apart from Ethereum and some of the top and oldest altcoins because they are proven to be able to survive for a long period of time and can follow Bitcoin's movements. And maybe some are significant and some are not bad, but they will still provide good profits for the holder.

Maybe you miss to see how Bitcoin influences the market movement. Maybe it was not the sole metric to determine but it was bold to see that when the price of Bitcoin surges high, not all but most altcoins are also following the uptrend. But if you are talking shitcoins, never expect they will be doing the same, they are dead actually. But if you look into ETH and the rest of the leading altcoins, you will find out it behaves the same.

And this happens because people are not just investing in Bitcoin alone but also potential altcoins which brings demand high as well. Therefore, it is expected to see altcoin prices increase when seeing the price of Bitcoin pumps.

The journey might be unpredictable but the outcome is immeasurable and predictable. Bitcoin has already established its position as a market leader in the stock market. Bitcoin ETF is seeing a massive inflow of money where the daily mined bitcoin is ten times lower than the total accumulated bitcoin. If this continues for a few months then there won't be any bitcoin left in the exchanges for purchases. Can you imagine how the market will handle this pressure on demands. It will shoot up pretty hard.

There are down and up movement in the market, thoroughly take your time and spot our good entries on the market. The bull season comes with lengthy projects. We should expects altcoins to follow in the bull run, there's absolutely too impossible for the market to do especially when it comes to the bull season. There's quite vast sets of projects, it's only important we strive to become dependent and hopeful for the huge tasks at hand. Bitcoin will make a long bullish run this season, you know why? The trends of bitcoin halving happening this season have taken over everything and we should expects this event sooner.

It was necessary to invest in BTC much earlier. We are experiencing not the first cycle of a bull market or just another pump-dump. Now the entry point is too high, and investing less than 0.5 BTC may be unpromising. We see how the BTC price is manipulated - in a few minutes the price from 63,500+ fell to 60,000, and this is a large amount for a small and medium-sized investor. I'm not even talking about liquidating long positions...

Don't only treat Bitcoin as a price indicator, also invest in it, because over the years since it's creation, it has proven to be the most reputable crypto coin, and with it's increasing adoption has proved that it's value will keep increasing as the years goes by. I believe that Bitcoin has taken care of any fear of the risk of turning to shitcoin or dip to the price of it's early days, because it's decentralized and it's the forces of supply and demand that determines it's bull and bear seasons, and as more people are adopting it the value will keep increasing, therefore we should expect the price to keep reaching a new ATH during it's bull runs. Bitcoin is the best digital asset that anybody can invest in.

it may dive as a correction which investors may think is a risk but i think it will only take a few weeks and the price will still keep on going up. remember that halving is yet to come which makes this unpredictable journey a bit exciting and profitable for a holder.

the halving will still have a major effect on BTC. regardless of how much it is now, a little dip for a while will not matter for long-term holders for they know it's still going to keep soaring high. and most important of all, the altcoins you hold are also going to soar high.

Bitcoin also offers a huge sum of profit if you acquire it on time. Just between yesterday and today, I read the posts of two members. One of them said he bought Bitcoin at $16k, and another said he bought two Bitcoin early last year at $21k each. These two individuals already had a huge profit right now that the price of Bitcoin has reached $61k, and there's still a new all-time high to be reached this year. Some people have predicted Bitcoin to reach $150k–$200k; even if it doesn't reach that mark, it will not go less than $100k+, and by then most investors will be in profit. Although the choice is yours to make about which digital asset you want to invest in,. 

Just today, one of my friends on the forum was telling me how he lost the opportunity to make about $400 in profit from Pepe Coin if he had invested some of his capital in it just a few days ago, but he was not fully convinced to invest in Pepe that day, so he invested in another coin. Even the coin he later bought the day he was supposed to buy Pepe is not yet pumping while Pepe's price is surging high already. That is one thing about alt coin investment: you could think you are making a wrong choice when you want to invest in the right coin that will pump, while when you are investing in the coins that will not pump, you will be fully convinced that it's the right choice.

I think when investing in altcoins, always go against your intuition or prediction sometimes, and you may be getting it right. Some altcoins have a high profit, but the risk is as high as the profit. 

Bitcoin as an indicator? I didn't quiet get tha. Are you trying to say that when the price of Bitcoin increase you assume that price of other coins will also increase and vice versa, so you are linking Bitcoin's price movement to gauge if market is bullish or bearish but at the same time, that sometimes work only during the bull run not throughout the year and also other coins may provide better profit but cannot guarantee how long it may last as Altcoins may pump and dump, just take example of coins like coti, xvg on how soon it may drop down.

I am using btc as indicator as well, but can you explain what you mean by this? Because i am having a hard time grasping what do you mean by increasing ownership, and how would that be an indicator for risk?

It's always risky. There's no such thing as a safe time to invest except in hindsight. That's why people profit from it in the first place, they take a high risk if they want high reward. It has been risky from the start, even though it wouldn't seem like that looking at the chart. But there was way more fear and risk back then. People who think they would have invested if they knew, they most likely wouldn't, for the same reason they are not investing now. Because compared to back then, we are now in safe zone, and people think this is dangerous time to invest.

The proportion of Bitcoin’s supply to profit is very high and reaches the same area as the 2019 secondary peak. It also matches the peak of 2020 (in blue) before the halving.
Bitcoin may extend to $62,000, but the risks are high, especially with the increasing ownership that could shake digital currencies at any moment.
I treat Bitcoin as an indicator of the market and do not invest in it. Naturally, the profit percentage in other currencies is much higher, except for those who bought Bitcoin at cheap prices and are long-term investors because it has a guaranteed asset and less risk in dealing compared to other currencies.
With the rising open interest rate to an unprecedented number and the increasing profit ratio against supply, and the rise in Bitcoin’s price to levels never seen before in the past before the halving, it indicates a change in Bitcoin’s behavior. Everyone should be prepared to accept the upcoming movement.
I reiterate that everyone will benefit, God willing, from the upcoming bull market in alternative currencies. It is a mistake to rush and enter now until we see the market’s reaction to Bitcoin’s movement and its indicators BTC