Topic: I believe Bitcoin will surge to new heights after this dip (Read 788 times)

Well yes I do think we are going to see a new all time high. And I do think it will happen when we see price of Bitcoin go past 70k again.
There is alot of 'bullish' news for Bitcoin making me like that. It is just said now T-Mobile's parent company called Deutsche Telekom will mine Bitcoin.
https://www.benzinga.com/markets/cryptocurrency/24/06/39364831/deutsche-telekom-t-mobiles-parent-company-will-mine-bitcoin

So it would take 5 months for the price to hit a bull run period where everybody holds more than what they used to because they buy this dip. Been a believer though and I think there is nothing else to do but believe since we are holding them and selling them now is just not going to be profitable.

If I am to believe the market is very manipulated already due to the institutions, many would conclude they are not going to make it easy for us to make money while there is a geopolitics situation that will force a holder to sell.

there's always calm before the storm and what I mean by storm is massive bullish run that gonna shake entire market though current ETF inflow is negative, but its because people that FOMO are just getting out but the real believers stay and that means less weight for the price to climb up in the future, I think bitcoin reaching $100k is real and not just random saying. but right now we are at accumulation zone, I suppose it takes time before trend comes back again.

if we see by this

100k will be plausible or even more, surprisingly current halving price multiple folds higher than previous wonder what the final price gonna be, maybe we gonna reach $80k in no time probably around 2 months.
but its just speculation and not even using indicators.

And it will definitely going to happen for those investors that believe that there will be bullish season before the end of this year to achieve their goal, because the price is not too decrease not to reach new ATH that will make investors to experience massive income. Investors that witness the massive bullish season that break out early this year, I think they will exercise patience with the current price by continue holding till the major target appear in the market before they can trade to achieve income. There is no doubt about the bullish season in the remaining six months, because the price will increase higher to reach $100,000 for long term and short term holders to experience another new ATH soon.

Those who doesn't have Bitcoin can start right now as the price is not increase yet. They have their opportunity to buy as many Bitcoin as they can but they must learn about Bitcoin investment before they start. Investing in Bitcoin have it's risks so they must knows how to reduce the risks and how to stay away from panic because panic will comes to many investor when they see the price is down a lot. But we know that Bitcoin price will always gets the correction so they must be aware of that and can do prevention of the panic. This moment still gives them a chance to buy Bitcoin before the price start rise because if that is happens, they will be late to buy Bitcoin at a low price.

Everyone must be expecting, as you said, because the 4-year wait will indeed occur in 2025. So maybe now there could be a correction, where it is to strengthen the movement that will be carried out by bitcoin between the end of the year and the beginning of the following year to be able to reach the latest ATH with a more fantastic value.
Because it is still quite a long time, there is nothing wrong with continuing to buy and save more to get maximum results when the time comes.

It is true that they should wait for profits to arrive for those who already have a number of Bitcoins and they store them well in their own wallets. But for those who don't have Bitcoin and have plans to invest in Bitcoin for the long term, of course now is the time to buy more Bitcoin because the price of Bitcoin itself is still undergoing correction and has not increased as predicted by many people. That's why it's always good to take advantage of the correction moment before the bull arrives in the market and makes all prices fly upwards, including Bitcoin.

Well, there's no other for bitcoin price after the dip it could always become stable or bull season but only time can tell no one knows when this could happen, it is expected to rise after the dip but not instant it takes time that is why we maybe need a big patience so that we can wait for the bull season and we can hold our assets to earn.

There's a lot of pre-delivered advice - they're even willing to tell you the strategy. One important thing is – understand the risks and control everything with mission, not ambition. You are right about; there is no quick path to success - it all takes time and sacrifice. If today you are ready to accept volatility as a consequence of investing - then you should be really ready to get the return.

The best time to invest is when you have a budget and when you are ready to take all the risks. There is no investment without risk - everything is risky, but you have to learn how to recognize risk and even know how to minimize it.

If we invest anywhere, the risk will always be there. It's all up to you, do what you think is best, we can't tell you when to buy this asset. Remember that investment requires a long time to enjoy optimal results from what we invest in Bitcoin assets. If I were you I would buy it without delay, even though the current price feels very unpleasant for us as lower middle class people, I will still buy it every month and continue using the DCA technique until the time and price I target I will get in selling the asset me and of course I will enjoy what I have started planting today.

It requires a large amount of capital to be able to buy all at once and it is not certain that when we make the purchase the price is in a declining condition and we could buy it when the price is heading towards an increase and this will make the profit we get less than those who buy in small quantities but buy it By being consistent at any price, I think we will be able to make a profit when the price increases later and in my opinion it would be better if we could buy it at any price and also use funds that we can hold for a long period of time.

Well, it is truly good to be positive but when you think negatively at times too, it is good at the same time, do you know why? It will prepare you for the unforeseen circumstances instead of being too relaxed. We should not believe everything will be rosy with Bitcoin all the time because, there are situations where our positive beliefs will always be right and at times too, it may be wrong. The market is highly uncertain, so nobody can know it all, which is why we should be dynamic just as the market is.

What we should do overall is to continue to be speculative to know what could cause certain issues against the buying and what will help it to rise, but we should never be sentimental about this. The moment we see the market behaving otherwise is the moment that we should either close our trade or divest so that we can rethink on what to do next instead of wasting money cheaply. Bitcoin as we see it today is facing liquidity challenges, to be honest, who knows when this will last? It will take a breach and sustainable staying above $73,850 for me to take Bitcoin seriously on the bullish path again.

You can imagine, since March, it has not even been able to reach that level again after many attempts. I do not think it will do that any time soon even though this month is so promising for the coin in my view. Nevertheless, it seems to be at a crossroads now where strong support and resistance are playing vital roles in stabilizing it at a point between $55,000 and $73,850. Let's wait and see.

It will get new highs but just how far and deep is that dip will remain under debate for an extended period of time.  We havent yet cleared that debate and it could go on for months yet.   Im more optimistic when everyone gives up and its really just because their nerves are tested and they got tired of waiting for all the tries to trade up to succeed.

2024 cant be called a consolidation year, its risen alot but the gains are better off being confirmed and tested where and for however long its necessary for the longer term strength of BTC.   Erratic shorter term volume whatever the pricing just doesnt rate as important and it will give way to whatever trend is in play over the bigger time periods such as months, quarters even years.

  Im convinced halvening is something that resolves in its influence over a year or more, we speculate in the short term but actual moves are glacial imo.

Your speculations were absolutely right. Although i have believed a long time that after the dip there would be a new ATH soon. However, there has been some increase in the price of Bitcoin for days now and today we say it at 71k which means that we should be expecting a bull run soon enough.

If it continues this way we would see the price go to 100k before the end of August. And it is quicker than we expected, very close to the previous ATH, once some green candles comes up again then we would see another increase by weekend.

You don't have to buy all at once or in an all in fashion, just got to make sure that you're buying in small quantities, remember that in bitcoin investing, the key is the consistency in your investment no matter the price, you might argue that the price is too high and you don't want the possibility of seeing losses but think also about the possibility that the dip you're looking for is what you'd consider to be the highest price, then at the end of it, you waited for nothing at all.

Some issue of those people who are hesitant is that on the moment that they would be tending to buy then they would really be waiting up for the bottom price on which they would be simply pertaining about that huge dip or correction on which i cant really be able to blame them specially to those who do have those past experiences on previous cycle of this market on which it did really happen. This is why they do assume out that it would really be happening again into this current cycle and this is why they would really be hesitant on making up some buy position on this current 70k price mark on which they do believe that it is really that still high on making entry. They've been thinking about maximum profitability on which of course it would really be that a normal approach but come to think that we do have some fundamentals that did happen into this cycle which it didnt happen in the past on which it might be a solid reason that we might not be able to have that huge dip or correction.

So decisions would really vary from person to person whether they would really be making some act now or would really be waiting up a little further.
So it would really be on someones choice imho.

If you want to buy BTC, it's best to do it now, don't think about the issue of the increase because BTC will automatically rise when the time comes, unless you buy something other than BTC. Yes, you have to diligently look at the BTC price, if it shows a decrease, prepare a stop loss immediately, otherwise the decline will continue and the value of your assets will fall too. just my experience.

buying at this time is too risky because the price of bitcoin and some altcoins is high. To be honest, right now I'm confused about the market situation because the halving started a few weeks ago but the price of bitcoin is still stable. Yes, until now the price of bitcoin has not shown any signs of increasing drastically because for the past few weeks the price of bitcoin has been stable between $60k-$70k. if I have to buy I will not buy now and I will wait for the halving moment to end and wait for the bearish market.

yes we believe that new ATH will be created and surge will happen but now the price is not so higher like it is 67k$ which is lower as compared to previous ATH. There are lots of predictions according to the different speculators but the time will shows that which prediction is accurate.

Few months will be required for making the prediction about hype accurate so we should be prepared for each type of Condition and if we don't see another ATH till the end of this year then we should not loss our hopes but should wait as halving does not show sharp changes.

While waiting for the potential bullish run, ask yourself - what are you doing to prepare for this possible rise? Just like when the OP created this thread this month alone. He said btc was trading more than $61k level, and look at how much we have now, more than $67k. So not even a month, we already saw the increase of btc. If you bought in that level, you are already gaining profits.

My point here is that - we can always speculate on what may possibly happen to this market. But our actions are equally important to take advantage of our speculations. If not, it is useless to speculate without doing nothing and just observing the market.