Is Bitcoin’s bull run coming to an end? - page 2.

Furious 7

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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

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, 05:32:56 AM

Quote from: Gozie51 on April 18, 2024, 04:21:51 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

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 23, 2024, 11:38:25 PM

Quote from: fuguebtc on April 23, 2024, 06:49:21 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, 04:25:09 PM

Quote from: livingfree on April 24, 2024, 07:43:59 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

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, 07:43:59 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

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.

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Quote from: summonerrk on April 24, 2024, 09:16:32 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

Yes, I think everyone has that feeling. And since there was no correction, it is still too early to talk about the end of the bull run. Even if Bitcoin falls to 40k now, then there will be a great chance of its growth. After all, if it reached 60k last bull run, and this despite the fact that it was not, then now the price should reach even more peaks, because this positive factor of ETF will be embedded in the price. Note that in the last week, bitcoin, albeit slowly, has been growing and growing. And even though there is a slight drop today, I am sure that in the near future we will see 69k again.

the price of Bitcoin is unpredictable and I know quite well that whoever that predict the price of Bitcoin and they follow it like that to invest in Bitcoin that person might not venture into their advantages aspect of Bitcoin profit so what I'm trying to say is that we should know that investing in Bitcoin the price can Drop at any point in time because nobody neglect the price of Bitcoin so therefore the market or the demand will a determine if the ratio of Bitcoin price will it be going up or coming down so I don't really thinking that we can specifically say that this is a price of Bitcoin and it will continue to increase

livingfree

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Quote from: lizarder on April 24, 2024, 09:35:19 AM

Quote from: livingfree on April 24, 2024, 07:43:59 AM

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.

That's why people say that they invest according to their ability to lose and that they don't need to be forced to buy an amount that doesn't fit their budget. Instead, invest the amount of capital that we have so that investment can be done in a relaxed manner and we are able to control it. If the price is in the high range then someone needs to make other plans as an effort to accumulate, such as using the DCA strategy for example so that people can continue to increase the number of assets they own.

The investment carried out does not talk about how someone has to hold back other needs and force them to buy an amount that is not in line with their income. But invest according to your abilities and do not force yourself with large amounts in a short time. If we are able to take advantage of opportunities, we can increase the number of bitcoin holdings on a regular basis.

DCA is ideal for everyone who doesn't have a good status in life or struggling economically.

It doesn't mean that buying Bitcoin is only for the rich. I ain't rich when I've bought Bitcoin and just continously followed the plan that's all set through DCA and then it's all worth it now.

We're here to encourage people that have been disappointed that they cannot make it where there's this fact that they can buy even if they start at the minimum that they can spend.

The matter now is their willingness to do it.

kentrolla

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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.

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Quote from: lizarder on April 24, 2024, 09:35:19 AM

Quote from: livingfree on April 24, 2024, 07:43:59 AM

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.

That's why people say that they invest according to their ability to lose and that they don't need to be forced to buy an amount that doesn't fit their budget. Instead, invest the amount of capital that we have so that investment can be done in a relaxed manner and we are able to control it. If the price is in the high range then someone needs to make other plans as an effort to accumulate, such as using the DCA strategy for example so that people can continue to increase the number of assets they own.

The investment carried out does not talk about how someone has to hold back other needs and force them to buy an amount that is not in line with their income. But invest according to your abilities and do not force yourself with large amounts in a short time. If we are able to take advantage of opportunities, we can increase the number of bitcoin holdings on a regular basis.

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.

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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

This is just some market corrections and it's very normal. The bull is just getting started and it's not too late for you to invest. Bitcoin spot ETF was launched few months ago which created fomo and impacted on the price. Bitcoin halving was few days ago and Hong Kong is about launching its Bitcoin spot ETF on the 30th April, so I expect the market to start showing some signs of green candles very soon.

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Quote from: bluebit25 on April 21, 2024, 03:34:57 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

If you are looking at the graph in terms of minutes, hours, days, etc., the difference in bitcoin's volatility is clear. But I think a lot of people here are feeling happy that it's not going up too fast, just thinking about the positive chance that we can buy them when the price drops. Internal and external issues are affecting prices, and feel free to discuss them because if you look back 1 year ago, 2 years ago,... you will see that that journey has had a lot of changes fluctuations and we are currently in the price increase phase. The adjustment is only short-term but it is enough to make many people confused because they are not familiar with it.

Those who are not familiar with it need to do their research before getting involved because you can't expect to benefit from something you know nothing about. I wonder how some people think that they can benefit from a financial market without learning anything about it when they enter it and aim to invest money in it, the first step for you should be to learn everything about it so that you don't make any mistakes and lose your money, but most people ignore this thing.

Now if someone understands the market, they would know that corrections are temporary and are bound to happen, we can't expect the market to keep going up because in that way, we would have a very high price for Bitcoin and all other assets, so dips and corrections are important but only if one understands this.

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Quote from: livingfree on April 24, 2024, 07:43:59 AM

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.

That's why people say that they invest according to their ability to lose and that they don't need to be forced to buy an amount that doesn't fit their budget. Instead, invest the amount of capital that we have so that investment can be done in a relaxed manner and we are able to control it. If the price is in the high range then someone needs to make other plans as an effort to accumulate, such as using the DCA strategy for example so that people can continue to increase the number of assets they own.

The investment carried out does not talk about how someone has to hold back other needs and force them to buy an amount that is not in line with their income. But invest according to your abilities and do not force yourself with large amounts in a short time. If we are able to take advantage of opportunities, we can increase the number of bitcoin holdings on a regular basis.

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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

Yes, I think everyone has that feeling. And since there was no correction, it is still too early to talk about the end of the bull run. Even if Bitcoin falls to 40k now, then there will be a great chance of its growth. After all, if it reached 60k last bull run, and this despite the fact that it was not, then now the price should reach even more peaks, because this positive factor of ETF will be embedded in the price. Note that in the last week, bitcoin, albeit slowly, has been growing and growing. And even though there is a slight drop today, I am sure that in the near future we will see 69k again.

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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 halving that has just ended has the potential to trigger significant price fluctuations, making this event a highly anticipated moment. If you cannot bear the current trading price, you need to be patient because the Bitcoin price will likely experience significant fluctuations before reaching the ATH level. The 2024 Halving is a little different because Bitcoin managed to print an ATH before the Halving occurred, this situation further strengthens investors assumptions about the potential for an increase in Bitcoin prices due to increasing demand. Never wait for the right time to buy Bitcoin at the price you want, you can start by implementing the DCA strategy to reduce volatility if you want to accumulate Bitcoin.

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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

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.

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Quote from: kro55 on April 24, 2024, 04:21:49 AM

Quote from: Samlucky O on April 22, 2024, 06:13:45 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

I think you are new to this crypto space otherwise you would have known that crypto currency is a volatile markets where we have ups and downs every day and %3.78 is a normal dip and sometimes it dips below that. And investing in bitcoin is not mandatory that must buy the whole but can be baught in fractions. So you can afford to buy as little as you can afford. Waiting for btc price to dip to your actual expectations might never be possible. So just invest in what you can afford to lose, and not what you will invest and expect return In a short time.

He may be newbie but I also see many long-time market participants have similar reactions to OP. They are too sensitive to bitcoin's volatility even though they also understand that bitcoin's volatility is huge. Many people get frustrated when the price of bitcoin changes by a few percent and I think this happens because they are too focused on the market, they watch the charts hourly, daily and always want things to go up quickly. So every time bitcoin corrects by a few percent, they panic and start thinking negatively.

I dont think so, most of beginners who invest by buying bitcoin will always expect a quick profits or at least they want to see their investment grow every day, even if little by little.
A drop of 5% or even 10% is not surprising for those who already understand how BTC prices fluctuate, but for beginners it is clearly something that is worrying.
Many beginners still think that BTC investment is the same as stocks and forex investment.

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Quote from: Samlucky O on April 22, 2024, 06:13:45 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

I think you are new to this crypto space otherwise you would have known that crypto currency is a volatile markets where we have ups and downs every day and %3.78 is a normal dip and sometimes it dips below that. And investing in bitcoin is not mandatory that must buy the whole but can be baught in fractions. So you can afford to buy as little as you can afford. Waiting for btc price to dip to your actual expectations might never be possible. So just invest in what you can afford to lose, and not what you will invest and expect return In a short time.

He may be newbie but I also see many long-time market participants have similar reactions to OP. They are too sensitive to bitcoin's volatility even though they also understand that bitcoin's volatility is huge. Many people get frustrated when the price of bitcoin changes by a few percent and I think this happens because they are too focused on the market, they watch the charts hourly, daily and always want things to go up quickly. So every time bitcoin corrects by a few percent, they panic and start thinking negatively.

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Quote from: fuguebtc on April 23, 2024, 06:49:21 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.

_BlackStar

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Quote from: Cryptomultiplier on April 22, 2024, 03:41:00 PM

Quote from: _BlackStar on April 22, 2024, 03:31:00 PM

-snip-

Am sure if our dear OP has taken out time to research on the previous halving events that happened, he would get to understand how the market seasons gear up after such an even has taken place.
We saw the hype and rave of the ETF approval that was months before this current halving, and it is expected that big investors will soon demand their share of their ETF, seeing the halving is over, while BTC remains notable and a regulated means of payment.

The bull run will happen but it may take up to three months and am sure the ATH of $73k would again be surpassed.

The impact of the halving on the price of bitcoin will certainly not be seen as soon as they hope - but I agree it will take several months, not just 3 months. At least 3 months is enough to expect some increase - but to expect a bigger increase, they will have to wait longer.

Bitcoin ETFs, increasing adoption and many other positive things are expected to be the reasons why demand for bitcoin will increase post-halving. There is no reason to sell now if they can expect greater returns in the future - but of course they should wait for that and accumulate while the price is still low.

Topic: Is Bitcoin’s bull run coming to an end? - page 2. (Read 1020 times)