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

Onyeeze

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Quote from: summonerrk on April 24, 2024, 10:16:32 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

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, 10:35:19 AM

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

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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, 10:35:19 AM

Quote from: livingfree on April 24, 2024, 08:43:59 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, 01:50:47 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, 04:34:57 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

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, 08:43:59 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, 01:50:47 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, 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 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.

livingfree

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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

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, 05:21:49 AM

Quote from: Samlucky O on April 22, 2024, 07:13:45 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

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, 07:13:45 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

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, 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.

_BlackStar

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Quote from: Cryptomultiplier on April 22, 2024, 04:41:00 PM

Quote from: _BlackStar on April 22, 2024, 04:31:00 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.

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Quote from: 0t3p0t on April 18, 2024, 04:01:26 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

Right now it's $61,239 so maybe we will be expecting more dips if this is the beginning of the correction which is quite natural in the nature of Bitcoin. Though I can be wrong here since we don't really know the accurate guess on where and how deep or high Bitcoin could go.

you and I knows that the market of cryptocurrency is unpredictable it is obvious that after seeing the price of Bitcoin at 60,000 and reaching tomorrow the price they can change neither below or high so that is why we have to make a proper research in cryptocurrency before we invest on it especially when we know that is the time of bearish season or a time of bullish season, so from my own understanding I know very well of cryptocurrency that is why I cannot invest on it and the venture into loss

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Quote from: Finestream on April 22, 2024, 06:49:19 PM

Quote from: fuguebtc on April 21, 2024, 10:44:18 AM

Quote

Is Bitcoin’s bull run coming to an end?

The market has become increasingly unpredictable since the Bitcoin ETF was approved and frankly, none of us know what will happen next. Bull season may not have arrived or has actually ended, all possibilities are possible. But it's just that we're expecting a big bull season like before, so most believe it hasn't really come yet. Personally, I also think that the bull season has not yet come, let alone it has ended.
And my question is if it doesn't come or is over then what do we do next, does anyone have a plan for this scenario?

I don’t think bitcoin bull run will never come at all, maybe it’s just delayed so the best solution is just to wait and hold longer, while bitcoin price has not crossed again the previous ATH. The good thing is, until now we aren’t seeing a red market either, so it goes to show that a new ATH will still be soon happening, patience is the key. And while waiting for it to finally occur in the market, we can continuously do DCA with our extra funds and hold those coins for the next bull season again.

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.

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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

Its normal, its common for bitcoin to go 3% or higher in terms of the percentage of dip because thats how msrkwt works. In terms of bull run, I dont think so many are saying that a true bull run are saying that a true bull run is yet to come, but I believe it too because I also want that to happen. Anyway, its not that you will buy a whole bitcoin with a price of $61k if you know about DCA, or dollar cost average, then that is your option if you want to invest in bitcoin. This method is like buying a portion of bitcoin, for example, if you only have $100, then you can bring the worth of that in bitcoin.

And there you can either hold or trade your assets in order to earn from them. It doesn't mean you will need to buy a whole bitcoin; a small portion will do, and in fact, it's better than buying a whole bitcoin in one transaction. Dividing your funds into DCA is a tactical way of securing your earnings in bitcoin.

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Retrospective wisdom coming into play here perhaps just less then a week later this is a question obviously not especially correct and its obvious now with recent gains in BTC that the battle far from over with a victory for either side positive or negative. Very good gains from the bottom of the recent pricing is normal, attempts lower were not found to be profitable and since a large amount of trading price action in BTC is speculative it reverses like stretchy elastic.

This is all something to recognize and remember for next time because its a common BTC feature imo. We are within a trading box like cattle penned in, obviously BTC does want to go anywhere but the borders are quite well defined at this point. It might be less frustrating to call out an actual move when we get past those fences, rougly what I recognize as being 69k down to 59k.

We have moved past these prices but not especially established it with weekly bars and also volume. So a break higher ideally must confirm the old ceiling as now ground support and vice versa if we go lower. Last attempt lower didnt confirm itself so here we are very positive it seems, yet it might all repeat again.

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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

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.

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Quote from: fuguebtc on April 21, 2024, 10:44:18 AM

Quote

Is Bitcoin’s bull run coming to an end?

The market has become increasingly unpredictable since the Bitcoin ETF was approved and frankly, none of us know what will happen next. Bull season may not have arrived or has actually ended, all possibilities are possible. But it's just that we're expecting a big bull season like before, so most believe it hasn't really come yet. Personally, I also think that the bull season has not yet come, let alone it has ended.
And my question is if it doesn't come or is over then what do we do next, does anyone have a plan for this scenario?

I don’t think bitcoin bull run will never come at all, maybe it’s just delayed so the best solution is just to wait and hold longer, while bitcoin price has not crossed again the previous ATH. The good thing is, until now we aren’t seeing a red market either, so it goes to show that a new ATH will still be soon happening, patience is the key. And while waiting for it to finally occur in the market, we can continuously do DCA with our extra funds and hold those coins for the next bull season again.

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