Topic: Can Bitcoin reach another new ATH before the bull run begins? - page 4. (Read 559 times)
Market is already bullish but I guess we are talking about those Bull run when Bitcoin's value is expected to increase by multiple folds like 2x or 3x and I think there are higher chances of reaching new ATH than the previous one since Bitcoin has already crossed $70k this week so it won't be a tough task but not sure how long it would sustain at those price.
Re: Can Bitcoin reach another new ATH before the bull run begins?
Are we not currently in a bull market? There are arguments to be made the we are. It's just that a lot of people bought the wrong coins hence why they're waiting for their bags to pump.Is it really necessary to be anxious for a new ATH to be created or just keep hodling and discard whether a new ATH happens or not? And is it also a good practice to be taking out profits from your Bitcoin investment each time a new ATH is achieved?
Is anyone really being anxious at these prices? This is some amateur hour stuff right here. hero member
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Is it really necessary to be anxious for a new ATH to be created or just keep hodling and discard whether a new ATH happens or not? And is it also a good practice to be taking out profits from your Bitcoin investment each time a new ATH is achieved?
I feel it's necessary to be decisive about the price at which you want to sell your coin; it will make you persistent and ignorant of price volatility. We all know that Bitcoin is a very volatile asset, and you cannot determine the price peak during a bull market until after the bull market, when the price stops surging high. We are already in the bull season of Bitcoin, and many people have predicted that the price of Bitcoin might surpass $80k this year, which is quite possible, but next year might be when we might see the price peak, which might be the last ATH before the bull market.
If you are holding some coins, set price targets that you would love to take advantage of so that once the price of bitcoin gets there, you will not need anyone's opinion before you can sell.
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Is it really necessary to be anxious for a new ATH to be created or just keep hodling and discard whether a new ATH happens or not? And is it also a good practice to be taking out profits from your Bitcoin investment each time a new ATH is achieved?
Is it really necessary to be anxious for a new ATH to be created or just keep hodling and discard whether a new ATH happens or not? And is it also a good practice to be taking out profits from your Bitcoin investment each time a new ATH is achieved?
if you scroll through this speculation section, there are lots of threads discussing whether bitcoin can print ath again or not. most of the people who started this thread expressed their feelings about being worried that bitcoin would no longer be able to print ath and people's responses varied, but from most of what i captured, the majority of users would definitely say that bitcoin could create new ath. it's just that we don't know the exact time when bitcoin can print a new ath and what we can do is hold until bitcoin can print another ath.
and whether a person needs to sell every time there is an ath, it depends on their decision. whether they want to sell or not depends on their calculations and strategy. there are some who sell immediately, but there are also those who are holding back because their target is maybe 10-15 years from now.
To set the record straight, we are already in bull run since late last year when Bitcoin left the "don't wake me up region". It started earlier than expected due to the ETF approval which happened in January this year. If you are referring to the bull run that is expected to be induced by the Bitcoin halving event, then it might still be expected but then the caption of your post will become confusing because anything that leads to a new ATH is the anticipated halving propelled bull run.
From the records, Bitcoin does not surge immediately the halving occurs; it takes some time before the effect of the halving is felt in terms of supply shortage which is the imbalance that leads to rapid rise in price. Going by this sequence, we are expecting the price to peak by next year. In other words, the rise might start later this year, eat up the present ATH and then peak by next year. These are projections that are not cast in stone, so market will do what it wants.
From the records, Bitcoin does not surge immediately the halving occurs; it takes some time before the effect of the halving is felt in terms of supply shortage which is the imbalance that leads to rapid rise in price. Going by this sequence, we are expecting the price to peak by next year. In other words, the rise might start later this year, eat up the present ATH and then peak by next year. These are projections that are not cast in stone, so market will do what it wants.
on a personal level, I think we have a lot of speculation threads seeking almost the same thing as you want yet there aren't locked but open to new ideas, opinions and questions which led me to think that your thread could fit in any of those threads since they are not locked.
BTW, from my perspective and knowledge gathered in this few years one can proudly, start taking profit from their bitcoin investments once they have reach a certain level or a good status of holding which can range from a 25% to a 30% of there income bitcoin hences it advisable to keep accumulating except you feel that you're done with accumulation which is a personal decision on when to reach such position.
BTW, from my perspective and knowledge gathered in this few years one can proudly, start taking profit from their bitcoin investments once they have reach a certain level or a good status of holding which can range from a 25% to a 30% of there income bitcoin hences it advisable to keep accumulating except you feel that you're done with accumulation which is a personal decision on when to reach such position.
On March 14, 2024, Bitcoin reached a new ATH of $73k and surpassed the previous ATH of $69k in 2021, a lot of investors were happy that the price reached a new ATH even before the halving event that happened in 20 April 2024 so some long and short term hodlers took profits from their investment when the new ATH was created. Now, some investors who didn't take out profits when the ATH was created are waiting anxiously to see another new ATH this year before the bull run begins so that they can utilize the opportunity.
Is it really necessary to be anxious for a new ATH to be created or just keep hodling and discard whether a new ATH happens or not? And is it also a good practice to be taking out profits from your Bitcoin investment each time a new ATH is achieved?
Is it really necessary to be anxious for a new ATH to be created or just keep hodling and discard whether a new ATH happens or not? And is it also a good practice to be taking out profits from your Bitcoin investment each time a new ATH is achieved?
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