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Topic: Get ready guys! - page 2. (Read 608 times)

sr. member
Activity: 756
Merit: 454
October 20, 2024, 05:07:26 PM
#32
For Bitcoin to hit $70k in this very month can happen but I believe it can only happen if the market price doesn't go back at $65k or anything close, we only need the price to be heading forward not backward. To me I see October as a more better month compare to August and September, it has a productive stand on like September (as of the last week of Sep). This month can as well bring a new ATH if care is not taken because for a very long time we haven't seen Bitcoin price at $68k since it got to the new ATH, for me I'd say we all have to wait let's see what the end of October will bring, if it will continue going higher or it will drop drastically.
sr. member
Activity: 378
Merit: 285
October 20, 2024, 04:16:16 PM
#31
I see it as reasonable to consider $70k a good take off for bit coin if we are anticipating an bull soon, there's never been a  time like this where we experience the situation we are experiencing with Bitcoin currently so we should just be careful with our investments so in the situation whereby anything happens, we are still going to be on the safe side.

Maybe the anticipated Bull run did came much earlier and that was the explanation to the ATH just before the halving, this isn't a confirmed information, so DYOR.
There is definitely going to be a major resistance at $70k. There are people who got bitcoin at $60k and below and are patiently waiting for bitcoin to hit $70k and until these set of people exit the market the run we are expecting isn't going to happen yet. But one thing is certain and that's the fact that bitcoin taking off is around the corner. Once we get to $70k, expect bitcoin to drop back to $64k - $65k. Once bitcoin has gotten to that region that's when should expect the real surge to take off from there.

I don't think that the bull run has already happened before the halving. Yes bitcoin hit a new ATH before the halving, but I think that was just the because of the Sec. ETF approval during that time.
full member
Activity: 420
Merit: 130
October 20, 2024, 10:21:13 AM
#30
This is just a hunch but I think we are starting the best part.

It could be a false alarm, however

We are coming from a sideways where we have approximated the price as now several times but at the time of the cycle we are in, if we clearly break $70K I think we start the bull run for real.
For several days, the market is at 68 thousand dollars, in this case, the market can increase and exceed 70 thousand dollars at any time. If Bitcoin doesn't go above $70,000 in October, Bitcoin will go above $70,000 in November.
sr. member
Activity: 294
Merit: 433
HODL - BTC
October 20, 2024, 09:11:22 AM
#29
I don't think we're going anywhere until the president in the US is elected. After that, if Trump wins, I'd expect us to go even to $200k in an average case scenario within the next 2 years.

$68k is dirty cheap, but there are a lot of weak hands on the way. So fasten your seat belts, because we're heading towards another bull run, I can feel.
Adoption will accelerate if Trump wins the news that it will become the bitcoin capital is true with his political promises? $200K is the scenario that investors want.

Then $68K is too cheap don't think it's too high because looking at the $100K mark more... Although other surveys say Harris is superior but Trump has the potential to win this election.
sr. member
Activity: 1204
Merit: 290
October 20, 2024, 07:32:49 AM
#28
Do you think it will hit back to $70k before it will start dumping again? No, it will not going to move above $69k before the bear season will begin to manifest. Well, I'm ready for bear season which is what am seeing ahead of December because the bull run has been on ground since the beginning of this year 2024.

BTC price is unpredictable, anything can still happen with the remaining months of this year for hodlers to smile again like the way they smile when the price hit $73k few months ago, and even though the price hit $100k now, I don't have BTC to sell which is the reason am not ready for bull now.

So you're basically praying and wishing that the market crashes once again before it goes to $100k because you don't have Bitcoin to sell?  Grin I guess you will need to wait for the actual bear run to start accumulating again, or, if you are confident that the price will hit $100k, the current price isn't a bad one to get some and then sell them at $100k, as they say, something is better than nothing.  Wink

Besides, Bitcoin going up means the market going into a positive run, and that means even altcoins are going to be in green. Do you also have no altcoins to sell if Bitcoin goes to $100k? Well, in that case, you will really have to just sit and watch others getting profits and meanwhile, start saving up so that you can fill your bags in the bear market coming after this cycle so that you won't be in the same situation after a few years again.

I'm eagerly waiting for Bitcoin to hit $100k.  Tongue
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
October 20, 2024, 07:02:03 AM
#27
I don't think we're going anywhere until the president in the US is elected. After that, if Trump wins, I'd expect us to go even to $200k in an average case scenario within the next 2 years.

$68k is dirty cheap, but there are a lot of weak hands on the way. So fasten your seat belts, because we're heading towards another bull run, I can feel.
legendary
Activity: 3472
Merit: 10611
October 20, 2024, 06:24:13 AM
#26
I'm sure people will dump Bitcoin when it cross to $70K, then after few days or weeks Bitcoin will back $70K again. I don't really know the reason is, but that's my observation when Bitcoin cross to certain price, just like now the price decrease to $68.5K.

This time the bull run might be have something different because it was the first time Bitcoin made new ATH quicker than other super cycle in the past.
I don't think I agree with you that people will dump Bitcoin when it hits $70k because it has been around that zone a couple of times even though we have experienced sharp rejections (People selling massively), it will not be this case this time around considering the realities on ground. First, the time of the year suggest that the moments of indecision are gone so market will either move massively rather than remain in consolidation. Consequently, I feel that $70k is so small a target for majority of the investors in a market that is expected to start trending massively.

Furthermore, there is a general mindset that Bitcoin will reach $100k this market cycle. So this is where I expect massive sell off because when price gets there, a lot of investors will sell believing that their targets have been met.

All it will take is a small sell off at that $70k price point for a bigger pull back
to occur which will liquidate the ridiculous 20x long trades which some people
place thinking Bitcoin will take an upwards trajectory without corrections along
the way. There are those who will be thinking that $70k is a perfect point to
take some profit.
When enough people start thinking this way, the said correction/crash would happen below the target price because those people who expect a dump after $70k breaks would want to act sooner and not miss the opportunity so they'll start selling at prices like $69900, $69500, $68500 and so on. Which means when price does actually go above $70000 these people no longer have any coins left to sell so there won't be a crash above $70k ... Wink
legendary
Activity: 2436
Merit: 1362
October 20, 2024, 02:31:02 AM
#25
I'm sure people will dump Bitcoin when it cross to $70K, then after few days or weeks Bitcoin will back $70K again. I don't really know the reason is, but that's my observation when Bitcoin cross to certain price, just like now the price decrease to $68.5K.

This time the bull run might be have something different because it was the first time Bitcoin made new ATH quicker than other super cycle in the past.
I don't think I agree with you that people will dump Bitcoin when it hits $70k because it has been around that zone a couple of times even though we have experienced sharp rejections (People selling massively), it will not be this case this time around considering the realities on ground. First, the time of the year suggest that the moments of indecision are gone so market will either move massively rather than remain in consolidation. Consequently, I feel that $70k is so small a target for majority of the investors in a market that is expected to start trending massively.

Furthermore, there is a general mindset that Bitcoin will reach $100k this market cycle. So this is where I expect massive sell off because when price gets there, a lot of investors will sell believing that their targets have been met.

All it will take is a small sell off at that $70k price point for a bigger pull back
to occur which will liquidate the ridiculous 20x long trades which some people
place thinking Bitcoin will take an upwards trajectory without corrections along
the way. There are those who will be thinking that $70k is a perfect point to
take some profit.
full member
Activity: 784
Merit: 115
October 19, 2024, 12:51:09 PM
#24
That will happen sooner or later. You only need to wait for that while you should buy more and more Bitcoin because Bitcoin now have its correction (again). Although we don't know how deep the price will goes down, that will be no mater because that a discount for us if we can buy at a low price.

My target to sell Bitcoin is still not appear so I am okay with the price that is up and down. We don't know if $70k could be a sign for the bull run or not. But I guess when the price can reach more than $75k, that is the time for bull run to start.

We need to be aware because we can get more correction before we really see the bull run start. So we can set alarm so we don't be late to buy at a low price or sell at a high price.
full member
Activity: 434
Merit: 202
Duelbits.com
October 19, 2024, 11:31:03 AM
#23
I see it as reasonable to consider $70k a good take off for bit coin if we are anticipating an bull soon, there's never been a  time like this where we experience the situation we are experiencing with Bitcoin currently so we should just be careful with our investments so in the situation whereby anything happens, we are still going to be on the safe side.

Maybe the anticipated Bull run did came much earlier and that was the explanation to the ATH just before the halving, this isn't a confirmed information, so DYOR.
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
October 19, 2024, 01:10:09 AM
#22
I'm sure people will dump Bitcoin when it cross to $70K, then after few days or weeks Bitcoin will back $70K again. I don't really know the reason is, but that's my observation when Bitcoin cross to certain price, just like now the price decrease to $68.5K.

This time the bull run might be have something different because it was the first time Bitcoin made new ATH quicker than other super cycle in the past.
I don't think I agree with you that people will dump Bitcoin when it hits $70k because it has been around that zone a couple of times even though we have experienced sharp rejections (People selling massively), it will not be this case this time around considering the realities on ground. First, the time of the year suggest that the moments of indecision are gone so market will either move massively rather than remain in consolidation. Consequently, I feel that $70k is so small a target for majority of the investors in a market that is expected to start trending massively.

Furthermore, there is a general mindset that Bitcoin will reach $100k this market cycle. So this is where I expect massive sell off because when price gets there, a lot of investors will sell believing that their targets have been met.
Those who can hold until now means they are waiting for the bull season, waiting for history to repeat itself so I agree with you: there won't be too many people selling bitcoin when bitcoin hits $70k. No one is stupid enough to accumulate bitcoins, hold them for years and then sell them when they know full well that the bull season is ahead.

From my observations from our forum to the crypto community on other social media, $100k is considered the most desired target as well as the lowest target I see. So there could be a massive sell-off when bitcoin hits $100k and what happens after that is anyone's guess.

Many people even think that when bitcoin hits $70k again, it will trigger the real bull run that we have been waiting for so long, so it would be unconvincing to predict that they will sell bitcoin when the price hits $70k.
full member
Activity: 1358
Merit: 207
Catalog Websites
October 19, 2024, 12:27:01 AM
#21
Do you think it will hit back to $70k before it will start dumping again? No, it will not going to move above $69k before the bear season will begin to manifest. Well, I'm ready for bear season which is what am seeing ahead of December because the bull run has been on ground since the beginning of this year 2024.

BTC price is unpredictable, anything can still happen with the remaining months of this year for hodlers to smile again like the way they smile when the price hit $73k few months ago, and even though the price hit $100k now, I don't have BTC to sell which is the reason am not ready for bull now.
legendary
Activity: 3472
Merit: 10611
October 18, 2024, 10:48:31 PM
#20
I'm sure people will dump Bitcoin when it cross to $70K, then after few days or weeks Bitcoin will back $70K again. I don't really know the reason is, but that's my observation when Bitcoin cross to certain price, just like now the price decrease to $68.5K.
It's probably because of short term traders who make profit from small ups and downs. They see round numbers that are also resistance as a sell target.

BUT whether price is going to drop or not depends on the momentum. Such sales taking place doesn't guarantee the price dropping. Remember that $70k is a strong resistance for a very long time which means breaking it is a very positive buy signal that could potentially bring in a lot of money. A buy force that could easily negate that sell pressure and prevent any kind of drop.
legendary
Activity: 2576
Merit: 1655
October 18, 2024, 10:38:51 PM
#19
I'm sure people will dump Bitcoin when it cross to $70K, then after few days or weeks Bitcoin will back $70K again. I don't really know the reason is, but that's my observation when Bitcoin cross to certain price, just like now the price decrease to $68.5K.

This time the bull run might be have something different because it was the first time Bitcoin made new ATH quicker than other super cycle in the past.

Yes, that has been case for the longest time, we hit certain big numbers and then we falter again, come back and be back for more. So let's see how far this run will go, now that we have go over $68k, maybe if we can continue then $70k or even reaches a new ATH.

If not, let it be, it's normal for speculators to take some profit, and then we will re-invest on it later. $70k is still our biggest re-test or it will be the goal of investors. So it's up to us whether we want to push on that price till the end of the month. If it is, then we could say that before the end of the year, we might see a new all time high, maybe in the $80k'ish.
hero member
Activity: 1414
Merit: 542
October 18, 2024, 08:09:38 PM
#18
I am selling 0.01 btc when we crack

75k
77k
79k
81k

I am buying 0.1btc when we hit

48k
42k


and I stack every week via mining

pretty simple system for me.

Yeah, I think you are one of those guys here that really put up his plan on how someone should sell their Bitcoin. I mean, I have followed your post and it's like a baby steps or staggered way of selling. And I think we should learn from you.


So yes, happy times ahead, we still have a lot of time this month to crack $70k. But we still have to see if we can sustain the $68k run, I mean we have broken it like Wednesday if I'm not mistaken, but then we have a minor correction.

And from what I observed, usually it will take at least 2x or 3x for a certain psychological barrier to be crack and then sustain and then move on the next barrier. So with that, if we can maintain $68k till like next week, then chances are we can go on $70k. If not then we will have another minor correction and then the cycle repeats itself.
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
October 18, 2024, 06:19:31 PM
#17
I am selling 0.01 btc when we crack

75k
77k
79k
81k

I am buying 0.1btc when we hit

48k
42k


and I stack every week via mining

pretty simple system for me.
hero member
Activity: 938
Merit: 605
Leading Crypto Sports Betting & Casino Platform
October 18, 2024, 05:57:50 PM
#16
But yes, every bull run cycle is different, and we may be surprised this time, for better or for worse. In any case, fasten your seatbelts, turbulence may be coming Wink
IMO, this circle is literally one of the most confusing bitcoin cycles of all time which has left many bitcoiners in dilemma about when could really be the start of the anticipated bull run with some still questioning if we've really entered the bull run that we should be fastening our seatbelts or it's almost over and we don't even know, perhaps due to the precedent bitcoin set by reaching a new ATH before the circle. However, I am harbouring the feeling that the bull run is gonna take many by surprise, especially after many weak hodlers may have dump their hodling's out of a lack of clear vision.

I disagree with you guys wholeheartedly. Bitcoin has followed a 4 year cycle almost exactly and has been the easiest asset to trade I’ve ever encountered. FTX took out the top last time with their fraud, but other than that it has been a simple repeating pattern. This time will be no different without an FTX scenario (cross fingers).
Surely bitcoin has always followed the four year circle but with slight unnoticeable changes but not as the one of this season where a new ATH was met before the circle. That's the difference between this very circle and those of previous periods. An occurrence I presume was triggered by the bitcoin spot ETFs approval at the time. And being that a new ATH has already been met before the circle some persons are skeptical about another ATH reaching...   Which obviously for me it's possible despite the delays.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
October 18, 2024, 05:41:24 PM
#15
This time the bull run might be have something different because it was the first time Bitcoin made new ATH quicker than other super cycle in the past.
That is true if the new ATH came even before the halving. I'm more positive that there's got to be more and a better cycle this time. And with that observation, every bull run cycle is different each time it passes.

In some sense I agree with you that every bull cycle is different, but a distinctive characteristic that has always repeated after halving was a new ATH followed by an exponential price increase. The ATH, as you said, came quicker than expected, and many, myself included, are now waiting for the next big bull run and finally wear the long-awaited laser eyes. If I had to bet, third quarter of this year was my best prediction, but many others believe that it will be in the beginning of 2025.

But yes, every bull run cycle is different, and we may be surprised this time, for better or for worse. In any case, fasten your seatbelts, turbulence may be coming Wink
I hope it will come soon so we don't have to wait any longer. Unfortunately, the third quarter has already past and we're now in the fourth quarter. Whenever it comes and in whichever quarter it is going to be made for next year or maybe this last quarter, we're just waiting on the side and seeing how it is going to be different this whole time. I agree that everyone needs to hold their horses and not just that, make sure that their holdings are already prepared and they're able to accumulate when they've been given the time to do that all over this time.
sr. member
Activity: 434
Merit: 253
October 18, 2024, 05:38:47 PM
#14
I'm sure people will dump Bitcoin when it cross to $70K, then after few days or weeks Bitcoin will back $70K again. I don't really know the reason is, but that's my observation when Bitcoin cross to certain price, just like now the price decrease to $68.5K.

This time the bull run might be have something different because it was the first time Bitcoin made new ATH quicker than other super cycle in the past.
I don't think I agree with you that people will dump Bitcoin when it hits $70k because it has been around that zone a couple of times even though we have experienced sharp rejections (People selling massively), it will not be this case this time around considering the realities on ground. First, the time of the year suggest that the moments of indecision are gone so market will either move massively rather than remain in consolidation. Consequently, I feel that $70k is so small a target for majority of the investors in a market that is expected to start trending massively.

Furthermore, there is a general mindset that Bitcoin will reach $100k this market cycle. So this is where I expect massive sell off because when price gets there, a lot of investors will sell believing that their targets have been met.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
October 18, 2024, 05:28:52 PM
#13
But yes, every bull run cycle is different, and we may be surprised this time, for better or for worse. In any case, fasten your seatbelts, turbulence may be coming Wink
IMO, this circle is literally one of the most confusing bitcoin cycles of all time which has left many bitcoiners in dilemma about when could really be the start of the anticipated bull run with some still questioning if we've really entered the bull run that we should be fastening our seatbelts or it's almost over and we don't even know, perhaps due to the precedent bitcoin set by reaching a new ATH before the circle. However, I am harbouring the feeling that the bull run is gonna take many by surprise, especially after many weak hodlers may have dump their hodling's out of a lack of clear vision.

I disagree with you guys wholeheartedly. Bitcoin has followed a 4 year cycle almost exactly and has been the easiest asset to trade I’ve ever encountered. FTX took out the top last time with their fraud, but other than that it has been a simple repeating pattern. This time will be no different without an FTX scenario (cross fingers).
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