Is Bitcoin’s bull run coming to an end? - page 5.

avp2306

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Quote from: Xcode7 on April 19, 2024, 05:34:59 AM

Quote from: OrangeII on April 19, 2024, 03:46:24 AM

Well, currently the price of Bitcoin is indeed falling, and it looks like the bull run has ended. However, I see this as an opportunity to own bitcoin at a low price. After the halving, the price of bitcoin is likely to rise again, and it is possible that a new ATH will be reached, even higher than the previous ATH. I think it's still too soon to conclude that this decline will be long-term. We better prepare ourselves, because it could be that in 2025, crypto prices will rise even higher.

The current price correction that is occurring is not very significant and this is still a common thing, but to expect a deeper price decline I think will be a little difficult because Bitcoin's current movement is much different with strong support allowing for price stability and in my opinion that might happen is an improvement.
After the halving, it is very likely that the price of Bitcoin will increase again and this has been happening for a long time, making it very likely that the same thing will happen.
I see the future of Bitcoin prices as quite bright and we don't even need to wait another 4 years to see ATH so to see much higher prices I think we don't need to wait for 2025 either.

Other people can't handle some of this possibilities since maybe they are lacking with knowledge towards certain movements and its understandable that they get afraid on possible dump to happen since maybe they can't afford to lose their money if those bad situation they always think would happen on bitcoin.

But they don't need to worry about anything for now since I maybe think that we are still in good phase with bitcoin halving hype season and there's still a chance that we can able to see some good price action then could able to witness bitcoin that might possibly reach to $80k this year. Year 2024 is to far away to end and 2025 is promising so provably there's more to wait for bitcoin that can benefit all of its holder.

Xcode7

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Quote from: OrangeII on April 19, 2024, 03:46:24 AM

Well, currently the price of Bitcoin is indeed falling, and it looks like the bull run has ended. However, I see this as an opportunity to own bitcoin at a low price. After the halving, the price of bitcoin is likely to rise again, and it is possible that a new ATH will be reached, even higher than the previous ATH. I think it's still too soon to conclude that this decline will be long-term. We better prepare ourselves, because it could be that in 2025, crypto prices will rise even higher.

The current price correction that is occurring is not very significant and this is still a common thing, but to expect a deeper price decline I think will be a little difficult because Bitcoin's current movement is much different with strong support allowing for price stability and in my opinion that might happen is an improvement.
After the halving, it is very likely that the price of Bitcoin will increase again and this has been happening for a long time, making it very likely that the same thing will happen.
I see the future of Bitcoin prices as quite bright and we don't even need to wait another 4 years to see ATH so to see much higher prices I think we don't need to wait for 2025 either.

CageMabok

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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 question is why were you unable to bear it at that time? In fact, if when you wrote this you immediately bought Bitcoin, today alone you would have made a small profit and could also make more profit if you were able to buy in such a large amount because the price has already exceeded $64K. This is why everyone doesn't need to be afraid to buy Bitcoin in the low range because the profits that can be obtained through Bitcoin can certainly be quite real at a moment like now.

Plaguedeath

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The global tensions distract Bitcoin bull run, whenever there's a bad news related to war, the price declines, but Bitcoin keep rising because people believe the price will surge in this year. As we can see the volatility is high, each day the price can rise and drop for 5%.

Quote from: OrangeII on April 19, 2024, 03:46:24 AM

Well, currently the price of Bitcoin is indeed falling, and it looks like the bull run has ended.

It's not really a bull run, but more like an ETFs hype.

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Well, currently the price of Bitcoin is indeed falling, and it looks like the bull run has ended. However, I see this as an opportunity to own bitcoin at a low price. After the halving, the price of bitcoin is likely to rise again, and it is possible that a new ATH will be reached, even higher than the previous ATH. I think it's still too soon to conclude that this decline will be long-term. We better prepare ourselves, because it could be that in 2025, crypto prices will rise even higher.

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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

Buy according to the money you have because Bitcoin can be bought in fractions, not just one unit. But since you say it's not a value you can afford then definitely you will buy in small amounts so pay attention to the withdrawal fees from the exchange where you buy Bitcoin because currently the network is very congested so the fees will be very high.
If you only buy a small amount then save it on the exchange until the amount is large and withdraw it to put it in your personal wallet because putting Bitcoin on the exchange is quite risky and it is best to learn about the security of storing Bitcoin.

The bull run is still ongoing because a decline doesn't mean the end of the bull run, it's just a correction because there is another event and it will slowly rise, next year maybe the bull run will slowly change into a bearish period, and this is my opinion.

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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 want to assume you are waiting for the price to reduce isn't? And you are also asking at the same time is bull run coming to an end or you are implying bull run coming to an end so you can buy cheap Bitcoin right?

I want you to know that a lot of investors didn't put much money into altcoins because of what happen last bull run, many of them were disastrous to portfolio that even made Bitcoin to fall badly but this bull run, nothing of such and are minimal, so don't expect Bitcoin to fall to those level your are expecting unless Blackrock and other ETFs dump their Bitcoin but I'm sure they wouldn't sell their Bitcoin cheap.

I will advice to do DCA instead of waiting for a specific range of price of bitcoin.

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Quote from: MiF on April 18, 2024, 04:17:58 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

if you are waiting for a bear market or the btc to drop down below 50k$ then you need to wait another 4 years, i think you are too late to have a plan to buy because btc is in a bull run status and its price for now is too risky to buy, however you can still buy it even at the high price today depending on your budget a budget that you can afford to lose because after bitcoin halving the price may become double or more bullish.

If you are going to purchase the whole bitcoin, everyone will say it’s actually highly expensive. So you need to wait for a market to become bearish. However, the thing is you don’t need you to buy the whole of it as a beginner, but learn to start with a small portion instead. That way, you won’t be pressured waiting for the bearish price. Don’t think that you are late in entering bitcoin investment, the bull run has just started so you can always decide to enter the market as long as you have a sufficient amount to start buying bitcoin.

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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

If you can not afford to buy small unit of Bitcoin at 61k then maybe you will have to wait for the next bear Market because currently, we are in the bull and very soon the price of Bitcoin would hit 100k and you will still come and ask us if buying at 100k could be predictable. Sometimes we might think that we are wise and want to buy at a very low price especially buying at the dip. It is very uncommon for one to buy at the dip because ones mindset could also tell you to wait more that the price is going to dip more when some have already accumulated enough holdings at the dip.

MiF

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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

if you are waiting for a bear market or the btc to drop down below 50k$ then you need to wait another 4 years, i think you are too late to have a plan to buy because btc is in a bull run status and its price for now is too risky to buy, however you can still buy it even at the high price today depending on your budget a budget that you can afford to lose because after bitcoin halving the price may become double or more bullish.

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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

Bitcoin halving will happen in a few days. So it is expected that the bull run may happen at the end of this year or in 2025. Currently the price of Bitcoin is decreasing, I don't know how much it will decrease. Try to invest as much as you can afford. So if you can afford you buy bitcoins with DCA method in small amount. You never invest the entire amount at once. Because the market is currently going down, suppose you buy Bitcoin at $61k and the price may drop to $50k. So buy bitcoin with DCA method. If you buy bitcoins with DCA method you can buy bitcoins at average price.

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I don't think that Bitcoin bull run is coming to an end because from research price dips happens before halving, so I guess that this is what is playing out now, plus this negative impact of Iran, israeli conflict news that's also affecting the price negatively. This is an opportunity for investors to take this dip opening to accumulate more, no need to wait till it dips lower because that might not happen, if you're on DCA method, just continue with it and focus on the long term gains, when price will start to rapidly increase in the bull run that has not yet started.

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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

If this is your first halving year then it is very natural to ask this question. However, for us, this increase and decrease are still very healthy. Despite the speculation and rumors circulating, the halving momentum does not mean that the price of Bitcoin will immediately increase in a short time. That's not how it works, there is always a certain period and we cannot be sure, it could be 1 year in the future or it could be more or less than one year. But what is certain is that the less Bitcoin mined, the more it provides high value.

Regarding the bitcoin bull run ending or not, I think in a volatile market anything can happen. The high risk high reward in the Bitcoin market, this kind of thing is common it depends on us as investors and traders, need to strengthen our mentality.

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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

That doesn't mean that the bull run is coming to an end. If you look carefully, we haven't experienced anything like this before. Bitcoin reached its all-time high before halving, for the first time. Price started rising from 20K and went up to 73K, aren't we supposed to expect a slight decline? When price reaches huge numbers, people start to sell and collect some profit. We have a lot of fun in the next months, this is just the beginning. Bitcoin's price might be a little stable for a while, then it might experience a slight decline (or might rise, who knows) but after some months, probably in fall or winter, we will see a new all-time high again. Bull run will not finish so soon and so easily, it will only might stop and adjust for a while.

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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

You don't need to buy a whole 1 bitcoin if you think its expensive and your funds is not enough to buy that volume. But accumulate base on what you can afford to spend since for this you may now start to participate on anything you want to happen on the bitcoins you bought.

Also it seems you don't have deep knowledge about it since you get afraid with certain dumps to happen so maybe much really better for you not to decide yet to buy since your situation is not good so better try to figure out on what is your intention on your investment since if you can create some plans or have goals maybe for that you can make strategize your bitcoin participation then can able to earn with it in future. So for now try to learn a lot of knowledge so you will not get panic on the dump and will not see bitcoin as expensive asset to have.

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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 the same statement some people do make even when the price of bitcoin was far low than this amount. The price of bitcoin now is not a problem that can deprive people from buying bitcoin, you just buy the amount you can afford to lose. If you are thinking thst the price is still high and you can't afford bitcoin then you will never buy bitcoin. If you now that the price has come down you will still get good profit than you waiting for a price that you can afford.

You can always buy bitcoin with the amount you can afford and it has good value for you to gain profit. Don't think it is expensive, this can make you to have interest to invest other coins you may think the price is low and investing in this coins won't give you the kind of profit you would want. Go for bitcoin, it is good in value, reliable, low risk and the most secure cryptocurrency to invest in.

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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

We have been on the bull run since December last year and it will keep getting better as the year progresses after the halving. The drop in price from the ATH is not enough to conclude that the bull run is over because I feel the bigger bull run have not even started. The market is only experiencing correction which is a normal thing in the market and confirms the actually market dynamics. The Bitcoin halving will eventually lead to the creation of a new ATH which will happen as we progress towards Q4 this year to early part of next year. The market is offering us more buying opportunities for those who are willing to enjoy the gains that will come from the halving.

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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

If who want to buy BTC in DIP, now is the time to buy. Also if you have extra money you can do the same. If you have BTC deposited in DCA you can increase the deposit further. One thing is that these price drops may not last long - you should keep a close eye on market conditions.

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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

If you can't see the market being as volatile as it is now, you should just leave it. The market is currently experiencing a correction, and who knows how long the price will bounce back. If you want to buy Bitcoin, you should prepare the money so you can buy it immediately at a low price.

The price of Bitcoin reached $60k, and now the price is at $61k. But there are no signs that the correction will end. So we still have to wait again to see the price experience a reversal.

Maybe you can place a purchase order at the price you want so you don't miss out on buying Bitcoin. But if you are still in doubt, you should leave the market for a while.

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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

If you are familiar with the history of Bitcoin you will not asked this question. The current price of Bitcoin is still high compared to the predictions of many experts. Some people expected that the market would go into a correction mode that would drop the price to less than $50. You can always buy Bitcoin with the amount you can afford since it can be bought in small units.

Quote from: Jewan420 on April 18, 2024, 02:31:18 AM

If you are thinking of buying DIP then wait more for its price to go down. From my personal opinion and market review, the price may come down to around $35000-$40000. To buy DIP you need to review the market regularly and buy as soon as possible at a price you can afford. Because, you may not have much time to buy many bitcoins. In that case you can buy bitcoins with DCA method.

Your predictions might be correct but I doubt if Bitcoin will reduce to that price. The Bitcoin ETF has made the demand for the currency very high. Anybody waiting for the price to drop to $35k this year might miss the opportunity to buy. People shouldn't wait for the bull run to start buying, they should consider DCA or buy during the bear season.

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