Is Bitcoin’s bull run coming to an end?

batang_bitcoin

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Quote from: HONDACD125 on April 26, 2024, 04:07:31 AM

Quitting your job before having another stable source of income is foolish. Roll Eyes

Many people make the mistake of quitting their jobs when they are starting a business or making an investment because they anticipate they aren't going to need the job anymore, but who knows? Huh

You might not get the success that you desire from your business or the investment you are going to make, so it's not wise to leave your only source of income for something that isn't yet a reality.

Make such decisions only when you see that your business has started taking off or your investment has started yielding profits, and, the profits from the investment or the revenue earned by the business should be equal to or greater than what you are earning from your job, that is when you can decide on quitting your job and focusing full-time on the other venture.

Many have done that when the NFT games have been on hype. I've seen people leaving their jobs because they think that they're already stable but no, they're not. The outcome is they're able to get some good times temporarily but then when the market went down, they have to go back to their former jobs or tries to find another one. The bull run will sure end but we don't know when but when it ends, make sure that you're able to partake and take that advantage of making some profits.

macson

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Quote from: shanhaigamefi on April 18, 2024, 01:50:47 AM

The price fell by 3.78% today，Current price $61748.But it’s still a price I can’t afford

How long have you known about bitcoin, have you looked at the historical history of bitcoin prices from year to year, if not then do it immediately, the price of bitcoin is very fluctuating, today it can be very low but in a few days the price can rise high, at the time i made this post the price of bitcoin was at $64,230 in a few hours then the price of bitcoin will definitely rise several percent, so if you say bullishness has stopped then you can see for yourself that the price of bitcoin is very stable.

STT

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Quote

how many people have money left and how many people will be brave enough to buy more bitcoin if it drops further?

That is the ultimate driver of prices, not speculation but the absence of any ability to speculate on asset prices. This scenario can happen if a collapse occurs in any large market, its part of why the FED will always inflate the monetary base no matter what while trying to keep it somewhere moderate.

Only the older folk here seriously know what a dire retraction feels like. Interest rates can be 10% and governments can go broke, all of the ones holding far too much debt are on crutches right now pretending its fine. They arent always ok even the seemingly powerful rich countries can actually fall over because gravity is greater then all of us.

Economics isnt about politics and the latest funding squabble its about the natural dynamics larger then all of us, the 3 largest global currencies can fall over, this will half BTC price at least to begin with.

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Quote from: kentrolla on April 24, 2024, 02:53:48 PM

I think you got your answer now that it's not coming to end and infact I believe that we may see a proper bullrun going further and don't get panic like this because people end up panic selling due to fuds. Most of us cannot afford one full Bitcoin but you can buy it based on your investment amount and I am not sure if you are looking for it to go below $30k once again to buyback which I don't think may happen and even if it happens it's gonna take some time as such thinks happens during peak of bear market.

All things in life has their own endings and so as here in crypto. Market works in cycle here and the bull will end because the bear will enter but maybe it's not happening yet because crypto prices are still holding on despite the market is showing a decline for almost a week now.

I think yeah that a proper bull run is not happening yet like we are going to cross $80k and stay on that range for a while. Things might still be adjusting after the halving, so we only need to wait a bit. Yup $30k is kinda impossible for now, judging on how things are going. I wouldn't wait for that if I were him but I will just do a DCA to work my way at the top.

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Quote from: Russlenat on April 25, 2024, 06:18:39 PM

Quote from: Jatiluhung on April 25, 2024, 04:41:52 PM

Quote from: shanhaigamefi on April 18, 2024, 01:50:47 AM

The price fell by 3.78% today，Current price $61748.But it’s still a price I can’t afford

Price corrections in the bullish market will still occur and that is something that seems to happen normally. But that doesn't mean the bullish market has ended and will end the rise in Bitcoin prices. don't worry, I think a correction is needed to refuel to be able to slide with a stronger push from below.

For those who are still DCA, the decline is an important moment to take advantage of. As long as we only use cold money. And it's not money we can't afford. Currently the BTC price is still circling not far from the 60 to 65 area. And this indicates that there is a balance between sellers and buyers who are fighting in the market.

Indeed, we are still seeing a bullish market right at the moment. And it will never come to an end despite of this price correction that is pulling the price down. However, this should not create worries on our part because the lower the price it drops, the bigger amount of bitcoin we will be able to purchase, most especially for OP who is trying to fit in his budget so he can start his bitcoin investment. And once it drops, surely it will recover again within few days.

Most people say the same thing every time the price of bitcoin drops but I honestly ask, how many people have money left and how many people will be brave enough to buy more bitcoin if it drops further? Frankly, none of us know what will happen next, is bull season over or not? Nobody knows.

In my opinion, things are changing since the ETF was approved and things are becoming more unpredictable than before so it is inevitable that people will have mixed thoughts.

For me, those who still think that the price increase season has not yet come should continue to accumulate and buy more every time the price drops, while those who feel insecure should stop buying or take partial profits to avoid regret.

HONDACD125

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Quote from: electronicash on April 25, 2024, 02:30:22 PM

not quitting your job or still continue your business if you have one. while your investment stays as an investment and just hold. they always recommend not to stop working while you are investing. BTC is not going up all the time, eventually, a bull run bubble will pop and bears will come.

not everyone will hold in a bear market, and i suggest not doing so. but whether it's bull or bear market, never quit your job.

Quitting your job before having another stable source of income is foolish. Roll Eyes

Many people make the mistake of quitting their jobs when they are starting a business or making an investment because they anticipate they aren't going to need the job anymore, but who knows? Huh

You might not get the success that you desire from your business or the investment you are going to make, so it's not wise to leave your only source of income for something that isn't yet a reality.

Make such decisions only when you see that your business has started taking off or your investment has started yielding profits, and, the profits from the investment or the revenue earned by the business should be equal to or greater than what you are earning from your job, that is when you can decide on quitting your job and focusing full-time on the other venture.

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Quote from: electronicash on April 25, 2024, 02:30:22 PM

not quitting your job or still continue your business if you have one. while your investment stays as an investment and just hold. they always recommend not to stop working while you are investing. BTC is not going up all the time, eventually, a bull run bubble will pop and bears will come.

not everyone will hold in a bear market, and i suggest not doing so. but whether it's bull or bear market, never quit your job.

Work is very important to provide income to live life and now there are many models of work that have developed so rapidly that people no longer need to leave the house to work. Having reserve funds is a preparatory step for living life and not all the money we have should be invested. When unexpected things happen people have options and do not need to sell the bitcoin assets they own and investment requires plans and strategies, including how people can make a financial percentage for the many needs required.

There are many people who are unable to survive in a bear market so they need reserve money as a way to keep their investments undisturbed. Fluctuating prices can put pressure on anyone who does not have clear financial resources so whether they want to or not they are forced to sell bitcoin under these conditions and that is the wrong way to invest.

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Quote from: Russlenat on April 25, 2024, 06:18:39 PM

Quote from: Jatiluhung on April 25, 2024, 04:41:52 PM

Quote from: shanhaigamefi on April 18, 2024, 01:50:47 AM

The price fell by 3.78% today，Current price $61748.But it’s still a price I can’t afford

Price corrections in the bullish market will still occur and that is something that seems to happen normally. But that doesn't mean the bullish market has ended and will end the rise in Bitcoin prices. don't worry, I think a correction is needed to refuel to be able to slide with a stronger push from below.

For those who are still DCA, the decline is an important moment to take advantage of. As long as we only use cold money. And it's not money we can't afford. Currently the BTC price is still circling not far from the 60 to 65 area. And this indicates that there is a balance between sellers and buyers who are fighting in the market.

Indeed, we are still seeing a bullish market right at the moment. And it will never come to an end despite of this price correction that is pulling the price down. However, this should not create worries on our part because the lower the price it drops, the bigger amount of bitcoin we will be able to purchase, most especially for OP who is trying to fit in his budget so he can start his bitcoin investment. And once it drops, surely it will recover again within few days.

that's right sir. Because if we can learn from the previous halving then we might be able to be calmer by holding the bitcoins we have collected. And accumulating little by little when a correction occurs is also still possible if the goal is long term. But if you don't have cold hard cash then I don't recommend it. because it will disturb our own mentality when the market is corrected further. We must really prepare the budget carefully and only use funds that are ready to face the risks that will be faced. And I think we are still in the early stages of the bull market. It is possible that the highest increase will be at the end of the year or next year. Right now we just have to make the most of it as much as possible.

Russlenat

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Quote from: Jatiluhung on April 25, 2024, 04:41:52 PM

Quote from: shanhaigamefi on April 18, 2024, 01:50:47 AM

The price fell by 3.78% today，Current price $61748.But it’s still a price I can’t afford

Price corrections in the bullish market will still occur and that is something that seems to happen normally. But that doesn't mean the bullish market has ended and will end the rise in Bitcoin prices. don't worry, I think a correction is needed to refuel to be able to slide with a stronger push from below.

For those who are still DCA, the decline is an important moment to take advantage of. As long as we only use cold money. And it's not money we can't afford. Currently the BTC price is still circling not far from the 60 to 65 area. And this indicates that there is a balance between sellers and buyers who are fighting in the market.

Indeed, we are still seeing a bullish market right at the moment. And it will never come to an end despite of this price correction that is pulling the price down. However, this should not create worries on our part because the lower the price it drops, the bigger amount of bitcoin we will be able to purchase, most especially for OP who is trying to fit in his budget so he can start his bitcoin investment. And once it drops, surely it will recover again within few days.

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Quote from: electronicash on April 25, 2024, 02:30:22 PM

Quote from: lizarder on April 25, 2024, 01:39:19 PM

Quote from: beerlover on April 24, 2024, 02:12:32 PM

That's the right way to approach it, if you end up investing a lot then you are going to end up losing a lot as well. Too many people do not realize that and make a big mistake instead. I personally believe that we should consider the possibility of making a mistake, and when you are making a mistake then you are going to lose money, if you end up investing with money that would be too risky for you, then when you lose it, you are not getting it back, and you are going to be in financial trouble.

I could have 10x more money in bitcoin right now if I didn't care about that, but at the same time I would have cashed out all of it instead. This is why only invest with money that you are willing to lose in the end if you are wrong.

Without a strategy we will have difficulty reaching the maximum investment stage and the high price will always be a reason not to buy it. The possibility of making a mistake is very small if someone understands the journey of bitcoin and that is why investments must be adjusted to the amount that can be afforded rather than being forced to buy without planning. We will definitely face risks when investing, but what we need to think about is how these risks can be minimized with appropriate and accurate skills.

There is no need to pursue investment and forget about other needs, because if all the money is managed for investment then it will be quite problematic when you need money. In a downturn, it is impossible to sell bitcoin, but the need for money cannot be avoided either. In conditions like this, what steps will we take while we have used up our money for investment?

not quitting your job or still continue your business if you have one. while your investment stays as an investment and just hold. they always recommend not to stop working while you are investing. BTC is not going up all the time, eventually, a bull run bubble will pop and bears will come.

not everyone will hold in a bear market, and i suggest not doing so. but whether it's bull or bear market, never quit your job.

Since investing in Bitcoin is not a kind of job that we have to leave our normal jobs that is giving us money to invest in the crypto market. We need to our regular job to keep investing because everything about invest is capital. One needed enough capital to benefit from the crypto market and we don't have to relent and decide to leave our businesses just to become a cryptocurrency investor. There are different aspects when it comes to crypto and we need to learn so many ways one can earn without delay so that as we are holding, we are also staking coins to benefit huge from the crypto market.

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Quote from: shanhaigamefi on April 18, 2024, 01:50:47 AM

The price fell by 3.78% today，Current price $61748.But it’s still a price I can’t afford

The price fluctuates that’s why it is a volatile commodity.
Check the price now, BTCbis trading around $65k now and it fell to $63k today, and I think it is normal price movement. The bull run is just starting but it will take some time to go higher since halving just occurred some days back.
Therefore, keep holding and don’t panic because anything can happen as the price might dip below our expectations, but with patience, it will bounce back stronger.

Jatiluhung

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Quote from: shanhaigamefi on April 18, 2024, 01:50:47 AM

The price fell by 3.78% today，Current price $61748.But it’s still a price I can’t afford

Price corrections in the bullish market will still occur and that is something that seems to happen normally. But that doesn't mean the bullish market has ended and will end the rise in Bitcoin prices. don't worry, I think a correction is needed to refuel to be able to slide with a stronger push from below.

For those who are still DCA, the decline is an important moment to take advantage of. As long as we only use cold money. And it's not money we can't afford. Currently the BTC price is still circling not far from the 60 to 65 area. And this indicates that there is a balance between sellers and buyers who are fighting in the market.

electronicash

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Quote from: lizarder on April 25, 2024, 01:39:19 PM

Quote from: beerlover on April 24, 2024, 02:12:32 PM

That's the right way to approach it, if you end up investing a lot then you are going to end up losing a lot as well. Too many people do not realize that and make a big mistake instead. I personally believe that we should consider the possibility of making a mistake, and when you are making a mistake then you are going to lose money, if you end up investing with money that would be too risky for you, then when you lose it, you are not getting it back, and you are going to be in financial trouble.

I could have 10x more money in bitcoin right now if I didn't care about that, but at the same time I would have cashed out all of it instead. This is why only invest with money that you are willing to lose in the end if you are wrong.

Without a strategy we will have difficulty reaching the maximum investment stage and the high price will always be a reason not to buy it. The possibility of making a mistake is very small if someone understands the journey of bitcoin and that is why investments must be adjusted to the amount that can be afforded rather than being forced to buy without planning. We will definitely face risks when investing, but what we need to think about is how these risks can be minimized with appropriate and accurate skills.

There is no need to pursue investment and forget about other needs, because if all the money is managed for investment then it will be quite problematic when you need money. In a downturn, it is impossible to sell bitcoin, but the need for money cannot be avoided either. In conditions like this, what steps will we take while we have used up our money for investment?

not quitting your job or still continue your business if you have one. while your investment stays as an investment and just hold. they always recommend not to stop working while you are investing. BTC is not going up all the time, eventually, a bull run bubble will pop and bears will come.

not everyone will hold in a bear market, and i suggest not doing so. but whether it's bull or bear market, never quit your job.

lizarder

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Quote from: beerlover on April 24, 2024, 02:12:32 PM

That's the right way to approach it, if you end up investing a lot then you are going to end up losing a lot as well. Too many people do not realize that and make a big mistake instead. I personally believe that we should consider the possibility of making a mistake, and when you are making a mistake then you are going to lose money, if you end up investing with money that would be too risky for you, then when you lose it, you are not getting it back, and you are going to be in financial trouble.

I could have 10x more money in bitcoin right now if I didn't care about that, but at the same time I would have cashed out all of it instead. This is why only invest with money that you are willing to lose in the end if you are wrong.

Without a strategy we will have difficulty reaching the maximum investment stage and the high price will always be a reason not to buy it. The possibility of making a mistake is very small if someone understands the journey of bitcoin and that is why investments must be adjusted to the amount that can be afforded rather than being forced to buy without planning. We will definitely face risks when investing, but what we need to think about is how these risks can be minimized with appropriate and accurate skills.

There is no need to pursue investment and forget about other needs, because if all the money is managed for investment then it will be quite problematic when you need money. In a downturn, it is impossible to sell bitcoin, but the need for money cannot be avoided either. In conditions like this, what steps will we take while we have used up our money for investment?

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Quote from: shanhaigamefi on April 18, 2024, 01:50:47 AM

The price fell by 3.78% today，Current price $61748.But it’s still a price I can’t afford

Any possibility can still happen but for now I still feel it's not over even this could be a start again but depending on market sentiment and some upheaval that occurs for news that can be a benchmark whether bitcoin will bull run or increase again in terms of price.

But indeed the advice I want to say at this time is that no matter how the price is when we can afford it then do it because if we are just waiting to buy on the dip then it will be a little difficult considering that apart from the vulnerable time to wait we also don't know when the bull run is over and the correction comes back.
So by looking at this, it is important for us to look for alternatives to make some breakthroughs in order to have bitcoin with the strategies we have including DCA from now on is also not too bad because the goal is certainly not for the next few days but can be for the long term because the progress will definitely continue to increase.

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Quote from: freedomgo on April 18, 2024, 06:32:56 AM

Quote from: Gozie51 on April 18, 2024, 05:21:51 AM

Quote from: shanhaigamefi on April 18, 2024, 01:50:47 AM

The price fell by 3.78% today，Current price $61748.But it’s still a price I can’t afford

You didn't know it dropped to 60+ yesterday and that means it has appreciated today. Anyway, stop bothering yourself about price fluctuations because you are going to see more of it soon when the volatility increase because of halving.

Meanwhile, you don't need to buy 1 btc, all you need is some Satoshi to hodl while expecting the price increase to make your own profit. However, price is going to improve with time after halving.

Yes, bitcoin price will be even more volatile in the coming days so expect that there will be consistent upward or downward movement of btc price, which means we will witness a roller coaster ride for bitcoin. Hence, if you are not vigilant enough to observe the price of bitcoin, still you will miss another opportunity to buy bitcoin. That is why instead of waiting for another price dips, why not buy a small portion now so you can have something to call your own. Bitcoin bull run is not coming to an end, just because of this price correction. In fact, we are just starting to witness a bullish market which will eventually lead to a real bull run in the next couple of months.

Really, to avoid panic in the situations, I think it's wise not to 'track' the market, especially if youre a long term holder, as it'll be distracting as well as it'd open you to the panic you should be avoiding. The inclines and declines could also be an emotional roller coaster, as it'd come with its own share of sharp inclines and declines, lots of it. Gaining composure and trying to keep accumulating is key here, regardless of if the bull run ends soon or far in the future.

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Quote from: wxa7115 on April 24, 2024, 12:38:25 AM

Quote from: fuguebtc on April 23, 2024, 07:49:21 AM

Everyone is waiting for the bull season which means we will see bitcoin increase x3, x4 and many altcoins will increase x5, x10 and then we will have a bear season coming. And what I'm trying to say is that there won't be a crazy, uniform price increase, I think bitcoin will go up like the stock market. It will increase slowly, not suddenly like previous price increases we have experienced. That is another scenario that I am thinking about, as I said above, it is likely that the market will behave more like the stock market with the participation of large investment funds.

I hope that is the case as I would like to see a change on the growth pattern of bitcoin, but I am not so sure this will happen during this bull run, as just during the past year the price grew at a very fast pace during just a few months, indicating that the old tendencies of bitcoin are alive and well.

However with enough time and money the behavior of this market could finally change, which in return it will attract even more investors which are more interested on a constant increase on their portfolio, than the dramatic movements we have seen bitcoin do over the past years.

I don't think many people will like this scenario if the cryptocurrency market moves and develops like the stock market . That means we will no longer see crazy price increases for bitcoin and altcoins, the reduced volatility will make it less attractive. Most people choose and invest in cryptocurrency because of its high volatility, it can give us better returns but if that disappears , I think people will gradually leave the market .

It will happen sooner or later but I agree with you , it will not happen in this cycle and perhaps this is the last cycle before we have a big change in the future.

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Is the Bitcoin Bull Run Over? Is the Bitcoin Market Up, or Down?
Such questions are constantly running in our minds. But no one can accurately say whether the price of Bitcoin will increase or decrease. The world is still at war. And the war will affect the international economic situation. But regardless of this effect, millions are being bought and sold in the market every day. Moreover, according to the past history, it can be assumed that the future must be good.
The reason is that when btc first halved it was only worth $12 Later it reached $1000.
The market price of BTC second halving was $650 and later it reached $20,000.
Then when BTC 3rd halving happened its price was $9000 and later its ATH reached $69000.
Now the 4th halving happend just a few days ago.
Now it's time to wait.

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Quote from: Maslate on April 24, 2024, 05:25:09 PM

Quote from: livingfree on April 24, 2024, 08:43:59 AM

Quote from: shanhaigamefi on April 18, 2024, 01:50:47 AM

The price fell by 3.78% today，Current price $61748.But it’s still a price I can’t afford

After 6 days, Bitcoin is now $66,602.

If you can't afford that rate when it was on $61k, it doesn't have to be a whole Bitcoin. Because what you need to buy is the one that you can afford based on your capacity.

If there is an amount that you're able to afford, buy that then because it's okay if it's not a lot but what important is, you're able to purchase and take the opportunity when it's cheap.

I guess even if bitcoin price drops, it will still be expensive to buy if we aim to buy the whole portion of bitcoin. No one would risk that certain amount for any regular investor. Thankfully, bitcoin does not work like that. Just buy a small portion of it and you’ll be good, and set it as a long term investment. In the end, you will realize that your small investment slowly turns into a bigger one because its price then appreciates from time to time despite of its price correction.

What is important is you have enough patience to hold, otherwise bitcoin investment won’t be able to satisfy you if you see it as a short term investment.

Being expensive really depends on our status in life and the source of income that we have. But with the current price, it's true that it can be someone's a year income or more for the others.

But I disagree that someone won't risk that much if he's a regular investor. We can take a look back in the past years when Bitcoin wasn't that expensive at all and there goes those people with capacity to invest and can be said as regular investors.

They've invested not just a couple of hundreds and thousands but even risked millions of dollars because they believed on Bitcoin and now, it's all worth it to them.

I'm saying this because, the price really is a subjective status for the most. But if you know what you're investing, you won't look at that part.

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Quote from: livingfree on April 24, 2024, 08:43:59 AM

Quote from: shanhaigamefi on April 18, 2024, 01:50:47 AM

The price fell by 3.78% today，Current price $61748.But it’s still a price I can’t afford

After 6 days, Bitcoin is now $66,602.

If you can't afford that rate when it was on $61k, it doesn't have to be a whole Bitcoin. Because what you need to buy is the one that you can afford based on your capacity.

If there is an amount that you're able to afford, buy that then because it's okay if it's not a lot but what important is, you're able to purchase and take the opportunity when it's cheap.

I guess even if bitcoin price drops, it will still be expensive to buy if we aim to buy the whole portion of bitcoin. No one would risk that certain amount for any regular investor. Thankfully, bitcoin does not work like that. Just buy a small portion of it and you’ll be good, and set it as a long term investment. In the end, you will realize that your small investment slowly turns into a bigger one because its price then appreciates from time to time despite of its price correction.

What is important is you have enough patience to hold, otherwise bitcoin investment won’t be able to satisfy you if you see it as a short term investment.

Topic: Is Bitcoin’s bull run coming to an end? (Read 875 times)