Topic: Has anybody expected this? - page 4. (Read 1638 times)

The world of financial investment in the digital world belongs to everyone and anyone is free to invest, but this also varies, only those who believe in the growth of the world of cryptocurrencies. If you don't do anything, why should you keep yourself busy .

Yeah @itorai. Many people have expectations in this direction, especially in 2024, will it come true or will the dump be even worse than yesterday and Have you started now?

You are very correct, indeed 2024 is a big year for Bitcoin and cryptocurrency in general. The spike may not be affected by next year's halving immediately but the rumours of it could have direct impact as shown by the reaction of the market when Cointelegraph made the tweet that later came out as a mistake.

If the ETF happens to be approved, the market will respond so fast because the ETF will pave way for big capital to enter the market. Now seems to be the best time to buy Bitcoin.

In as much as we accept the fact that there's risk in investment and other related Bitcoin affairs, we must be very careful to avoid those risks, some investors who rely on prediction use it always in trading, they have a high risk of losing more than they can get.
Today we're seeing the price of Bitcoin at $36k, and is becoming boring but we shouldn't say it will go down, yes the price is still surprising to be at that amount for long but let's see how it will be like when it starts making a move out from $36k.

It is expected that the price of bitcoin will rise significantly in 2024 this means it will peak after halving in 2024 both the all-time high and the target after the halving came courtesy of charting with bitcoin mimicking the behavior of previous cycles. Bitcoin halvings are often followed by a lot of volatility in the cryptocurrency market. Investors don't sell too much of the coin as profits grow in bitcoin and even if they sell a little their cash flow will be good. This will reduce the net supply of bitcoin and keep the price up.

It's difficult to pinpoint a single reason for the recent spike in Bitcoin's price but I'm very sure the launch of spot Bitcoin ETFs has certainly had a positive impact on the price of Bitcoin. It makes sense that giving investors a new way to invest in Bitcoin would have a positive effect on the market. And again, as you mentioned, the 2024 halving is likely contributing to the hype despite there are many other factors at play. Many people are now seeing Bitcoin as a potential hedge against inflation and geopolitical uncertainty. And, as you said, more people are learning about Bitcoin and seeing its value as an investment.

I definitely agree with this because trying to predict the price of Bitcoin based on gut feeling or hope isn't a sound investment strategy and price predictions can be risky or even lead to disappointment and failure. You need to look at the fundamentals and analyze the market carefully.

Predicting the price of Bitcoin and hoping for it to happen that way is a risk some investors take, which to me is not good. When we're having Bitcoin price at $36k some might say in the next few hours it will go back to $37-38k base on prediction which won't happen, that's where is a failure.
Currently the strongest barrier is $36k and it has been on that price for almost 2 weeks, I think. I still believe it will start making a positive movement from this week, who knows we might be seeing it surpassing $37-38k, before the end of this month $40k might be the next target.

I think I have explained clearly the reason why the price of bitcoin has risen recently. If there are differences of opinion, I don't think it's a big problem because maybe we get references from different sources.
In my opinion no matter how many references you read they are still just assumptions or theories because the references you get are only analyzes from experts and their truth is not absolute.
but thanks for the advice

The price of bitcoin rises because the demand for it is growing, people are in hope for taking profit in coming Bull run therefore they are doing all what they can for buying large number of bitcoin. The main reason behind bitcoin recent growth is repetition of four year cycle in which halving is the major event.

In coming months this growth will enhancing, quickly and definitely it will rise to the price of above 40k$ so if prediction comes true then due to halving bitcoin will certainly touch the value of 70k$ or above. Bitcoin is successfully growing as compared to all other coins so those individuals who don't have any bitcoin are still waiting for halving because they know that with bitcoin their other holded coins will also experience same Bull run.

Many people say that, and starting at the end of 2023 this spike will begin to occur. Will everyone be competing to invest their money here!

Unexpectedly, this is profitable for those who have BTC and the price has risen very quickly, it's hard to predict. As I recall, since prices started at $26,000 a few months ago from September. Endless surprises like this could happen at any time. Well, since several years ago, November-October (Phase 4), the trend has been like that. From my perspective, there doesn't seem to be any particular company or event that we can directly attribute to this spike.

If market conditions are clear and certain if they rise there will be big money entering the market. There are purchases from large institutions, for example a few weeks ago from Microstrategy and there is the latest news, just read at https://cryptoslate.com/fidelity-files-for-spot-ethereum-etf-trailing-blackrocks-lead-by-two-days/. There is definitely a snake attraction and it's best to wait for the continuation of the Bitcoin spot ETF in January 2024.

Now is actually not the right time to sell because the increase is not maximum enough. 
When Spot ETFs are the reason for Bitcoin to rise and reach higher prices, then it's still worth the wait.
We can see how Hyped ETFs can make Bitcoin rise significantly, in the Hoax news published by Cointelegraph which made the price of Bitcoin immediately reverse.
Even though it's just Hoax news, especially when the official Spot ETF news is received, this will be the news that makes Bitcoin reach its highest HArga and added with a 4-year cycle which is the right moment for Bitcoin to reach ATH.

Since January Bitcoin price has been gradually improving and rising slowly, experiencing some corrections that are reasonable enough to make strong Support and now Support at the price of $30k is a strong support.
We will wait to see how Bitcoin moves towards the end of this year.
The possibility of that correction is certain to happen But I remain Optimistic with the new ATH 2024-2025.

If you don't know the reasons behind the rise in bitcoin prices so far, then get some references to strengthen your assumptions. Bitcoin rose high because some investors believed that a spot ETF would make the price increase many times over. They take advantage of the opportunity to buy at lower prices and hold until their target returns are reached, but the halving factor can also be a reason why prices become more expensive.

Spot ETFs are the biggest reason why prices are going so high right now,but it's a welcome price recovery as we have been in a bearish phase for a year now in 2022. Recovery is expected and it has started since January 2023, so now is the time to enjoy some percent returns although I don't intend to sell it so soon.

There isn't really a "value" for bitcoin, there is a price of it but there is no value. That is the whole point, this isn't a product, this is a currency, the value of it is compared to items or other currencies. What is the value of a dollar? There is no value there, it never had, there is a worth of it, when you compare like how much one apple worths? Or what dollar worths against euro, but there isn't a value of it.

The same goes for bitcoin as well, it is not that great when you start to think of it in value terms because you will not be able to calculate the value, there is none. The price however goes up, recently it has gone up a lot and that should tell people that we are doing fine, bull run is around the corner and maybe we could even consider this a start. Remember, the bottom was 15k, we are at 37k right now, that is 150%+ increase, not something small, we have already more than doubled our profit if we bought at the bottom and we are still nowhere near the end.

To a great extent, I agree with you because as we approach 2024, a lot of market behaviour will occur that will surprise a lot of people and make some to panic. Market must sure sign of being completely unpredictable and that is the beauty of it. It will be wrong for anyone to think that the bull run will start without any form of market manipulation, it is bound to happen.

Even when we expect some surprises, I think there should be expected extent to which the market can go even though there is no certainty to it. That being said, we will see some major retracements every now and then while the market progresses towards 2024.

no one can give a precise reason because everything is just an assumption. but in my opinion the price spike that has occurred recently is because we are getting closer to 2024, where many believe that 2024 is a bullish year. I am sure that after this the price of Bitcoin will often experience price spikes because more and more people are buying it for investment.

There are still to those people who are really that hoping that it would drop back again on 10k or even with those 15k price.For sure majority of us did really have that kind of regret in speaking about
missing out the opportunity on buying into that point because it cant really be avoided for you not to think about those probabilities knowing that chances like these arent really that
something to be seen on future cycles to have. Just like been said that its always been that recommendable on having that kind of behavior on which you should expect always the unexpected to happen.
This market is volatile and totally unpredictable on which there's no way that you could really be able to make up conclusion on what are the things that could possible happen ahead.

Price could go up and down into certain extents and totally cant be predicted on where it would be going and until when it would really be that stopping and making up some pullbacks or that u-turn.
If you are really that making yourself that too optimistic then it would really be resulting into those actions which arent supposed to have or to be done. Mistakes is common
because dealing with this market could really cause up with those series of possible errors because just like been said that its totally random
and no matter how well you could assess up on things then it would really be that impossible.

Ascertaining the exact value of Bitcoin at a particular time though seems very difficult but I don't think it's impossible sometimes professionals do speculate so well and it turns out the price they speculated or probably something very close to their speculated price but it's not often the exactly the price but usually close, this usually helps to give very close clue to what should be expected at certain times although they are not financial advise as they reverse could possibly happen after the predicted speculated price. Definitely personally I expected Bitcoin to go above $26k because checking back at it's price history it has gone beyond that before and it's fall was due to a bear market and it was normal it later grows above the price it has done before and currently it's somewhere around $35k .

There's no such thing as professionals here, all of them are just the same, just like you and me, making wild and educate guesses. So there's no accurate prediction of bitcoin and as you have said, it's impossible. Although one might claim that he could be right after all, it could be just coincidence as there's no way for someone to predict it with 100% hit. In any case, the prices really did recover already from last month or the previous months sideway patterns. If I'm not mistaken, since April of this year that cycle started and then we saw some mild swing. But this October, as the OP put it, no one expected a huge spike in the price. And then we break the biggest barrier of $30k, and then slice it like a butter, goes on a bullish run up to almost $40k. Now at $37k, anything goes, we can say that the next obvious price we want to break is $40k to even $50k at the end of the year. So let's see if the market can do that.

Bitcoin experts and professionals maybe only succeed in analysing bitcoin to an extend but accurate prediction of Bitcoin value is a one whole impossible for everyone.
Just as you said at OP, only an insider would be able to have such predictive aid.
However, I expected the values of Bitcoin to accelerate in a speedy pumps considering the stagnation of its value hovering within $26K around July to September but though I never expected it was going to be at the exact value of now.