Is Bitcoin’s bull run coming to an end?

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Quote from: ChiBitCTy

I dont think anyone knows for sure when the bitcoin "bull run" is coming to an end. I think if you look at the technical analysis a little bit that will help explain some of these recent price movements, but at the end of the day I feel like a lot of it has to do with the 70k mental barrier/mark. It seems as soon as we hit that price point, the market sells off. It's not like its fallen that far either.

No one knows when the bull run will hit the market running, but all you need to do is to continue hodling your BTC because the bear run will not remain in the market forever because there are some people waiting for the bear run to occur before they can buy and hodl.

But if you don't have much money to buy now, I will advise you to wait for the price to dump to $40k which i know that it will surely happen in the future before you can buy, because the current price is too high for people to buy to achieve their goal in the future.

Since people are still selling their BTC in this current price, I guess the price will still pump higher to hit $75k before the bull run willl allow long bear run to take over the market.

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Quote from: asarfiar on May 30, 2024, 03:52:59 AM

Quote from: shanhaigamefi on April 18, 2024, 12:50:47 AM

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

I am new to this forum, so my knowledge about Bitcoin is very limited. After all, I think that just as anything has its ups, it also has its downs. Again from the but ups started his journey. So if it is not right to speculate before starting the I think it is necessary to have proper knowledge before buying BTC. Bitcoin is coming but the run will not end, so it can be expected that in the future investment in Bitcoin will be considered as part of the profit. To gain deep knowledge of BTC one has to resort to specific observations about it and those who are knowledgeable about the subject. If you want, you can invest some of your shares in Bitcoin, which can be considered as a future investment.

You are right as a beginner. Before answering op we have to know the what is bull-run how it's run on market. At first we have to know about Bitcoint halving, approximately every 4years bitcoin mining block rewards become half. And as the reward being to half for the mining cost miners have to sell Bitcoin and that impact on market positively and we called it bull-run.
So I think as long as there is mining there will be bitcoin halving and also bitcoin bull-run season.

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Quote from: shanhaigamefi on April 18, 2024, 12:50:47 AM

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

I am new to this forum, so my knowledge about Bitcoin is very limited. After all, I think that just as anything has its ups, it also has its downs. Again from the but ups started his journey. So if it is not right to speculate before starting the I think it is necessary to have proper knowledge before buying BTC. Bitcoin is coming but the run will not end, so it can be expected that in the future investment in Bitcoin will be considered as part of the profit. To gain deep knowledge of BTC one has to resort to specific observations about it and those who are knowledgeable about the subject. If you want, you can invest some of your shares in Bitcoin, which can be considered as a future investment.

ChiBitCTy

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I dont think anyone knows for sure when the bitcoin "bull run" is coming to an end. I think if you look at the technical analysis a little bit that will help explain some of these recent price movements, but at the end of the day I feel like a lot of it has to do with the 70k mental barrier/mark. It seems as soon as we hit that price point, the market sells off. It's not like its fallen that far either.

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As a new member I am always interested in learning about Bitcoin so whenever I see a topic related to Bitcoin I stop there and try to read the content of that topic as well as the replies. But I don't have a clear idea about what is being discussed here. If anyone sees this reply of mine and if he has good knowledge about the content of this topic then please help me.

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Quote from: shanhaigamefi on April 18, 2024, 12:50:47 AM

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

with the high price for bitcoin I think it is worth trying to buy it until there is a limit to the decline with whatever money you can. It's much better to think long-term and buy it at whatever percentage we can afford. Bitcoin halving will lead to a new ATH with the profits that will be obtained from buying it during the halving. Investing in this coin gives you much better hope.

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Quote from: HONDACD125 on April 26, 2024, 03:07:31 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.

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Quote from: shanhaigamefi on April 18, 2024, 12:50:47 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.

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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, 01:53:48 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, 05:18:39 PM

Quote from: Jatiluhung on April 25, 2024, 03:41:52 PM

Quote from: shanhaigamefi on April 18, 2024, 12:50:47 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.

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Quote from: electronicash on April 25, 2024, 01:30:22 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, 01:30:22 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, 05:18:39 PM

Quote from: Jatiluhung on April 25, 2024, 03:41:52 PM

Quote from: shanhaigamefi on April 18, 2024, 12:50:47 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.

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Quote from: Jatiluhung on April 25, 2024, 03:41:52 PM

Quote from: shanhaigamefi on April 18, 2024, 12:50:47 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, 01:30:22 PM

Quote from: lizarder on April 25, 2024, 12:39:19 PM

Quote from: beerlover on April 24, 2024, 01:12:32 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, 12:50:47 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.

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Quote from: shanhaigamefi on April 18, 2024, 12:50:47 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, 12:39:19 PM

Quote from: beerlover on April 24, 2024, 01:12:32 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.

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Quote from: beerlover on April 24, 2024, 01:12:32 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?

Topic: Is Bitcoin’s bull run coming to an end? (Read 1010 times)