Hi all, long time investor what's everyones opinion on this bullrun .?... IMO will see a market top q4 2024
Do you mean the bull run coming, as we've not returned to an immediate one now? Well, I expect a huge bull run this year, something similar to what we experienced a few months ago, but it will be double of that size as it will be the major one expected by everyone, so there will be FOMO everywhere at that time. This will happen after halving, the effect might not be immediate, but I suspect an immediate one this time due to the people's expectations that are more than before. Though it might start in weeks as people just want to be part of the world cake brought by Bitcoin, no one wants to miss out like the old times.
We will do well if we are still patient for now though, the market is not just encouraging now, and at the current high level of $40,000, I think that it is not so good to risk buying heavily now unless you want to DCA the coin. Nevertheless, be sure of Bitcoin hitting above $100,000 in the next bull run, and I suspect that it would have hit that level in the late months of this year or the early months of next year. I hope this meets a good view of yours as well, but be very careful and DYOR even as you engage the market carefully and managerially.
Yes this bullrun we are already in /started....
I don't know if we can call this a bull run already, as per definition though and as far as I can see, bull run starts right after the halving. So although we have seen the price going as high as $49k after the news of approval of Spot Bitcoin ETF, the price still makes a correction. So for me it's better to wait after the halving and see how the market will grow overtime.
Bro, let me just make it clear to you, you might be right that a bull run happens at halving time, but it might not start then and that is a major bull run where the market will move so much, others could happen. This doesn't stop the mini-bull run from happening, which is what we experienced in the last months of 2023. A bull run simply means a bullish trend, and it would be wrong of anyone to condemn the bullish trend that happened for 5 months as no bull run. Even at correction, it can still rebound and continue the movements. Good, the major bull run is coming after halving, we are all waiting for it and it might make the Bitcoin market move so well to hit the current ATH and move higher to even above $100,000.
Though this is a speculation, but would be what will likely happen. These would be the post-halving effect of the market. But don't you think that it might be too late for some people if it is then they are now investing in Bitcoin? Imagine those who started their investment on the first day of 2023, they are assured to make money in Bitcoin in multiples even if the post-halving effect will not see it far more than $100,000. But for those who are waiting for having, what if Bitcoin continues to push higher and almost hits the ATH of $69,000 when the halving happens, what will be their fate if the next ATH will be barely $100,000+? They can't make much, it is obvious.