Topic: Is this the end of excitement - page 3. (Read 951 times)

Including me who still believes that bitcoin will still continue before halving, although indeed after the SEC's decision a few days experienced an increase and then until today we experienced a fairly deep correction, and also greyscale who did the seller's action continuously which gave the impetus to the price that was getting down lately.

But even so this is not the end, don't let you sell your bitcoin to institutional companies because the market turmoil is very volatile, but if we want to benefit from investing in bitcoin then we need to be patient and wait, it may take time but it will work.

The impact of the bitcoin ETF approval on the market was short-lived and as usual it was just FOMO being exploited. Basically, the positive impact of ETF on the market is expected to occur in the long term because after all investors need to see how the market works after the ETF is approved so as not to experience large losses.

Even though ETF and several other reasons can influence the price of bitcoin, large amounts of conversion of bitcoin to fiat can also cause the price to be corrected. The price of bitcoin is currently tend close to the $40k support level and it is not resistance, but the resistance that will likely be tested during the remainder of January is at $43k to $44k.

Now the market path, especially the price of Bitcoin, is no longer so volatile and has even moved sideways without further increase. This means that the effect of the ETF approval is starting to be less significant even though it is still important enough to be approved by the SEC, because because of this at least it did not cause Bitcoin prices to correct more deeply this month. And it can also provide good resistance in the $40K and above range because there are many people who still believe in holding and buying Bitcoin at the beginning of this year.

If you’ve been following up on this bitcoin spot ETF approval, you should know that at the time it was been approved by SEC, it will not have any impact on the market again. So many news about the approval that were faked was first released and we can see how the market immediately reacted to those news. Because of the too many dubious news about the bitcoin spot ETF, it made people lost confident in it and it could not affect the market trend again and the market has to just trail on its own path like we are experiencing now.

There is no need to worry because there is always a way for bitcoin to reach the next ATH and this has happened before, you just need to be patient until four years becomes the basis for bitcoin to move towards its highest price. Now what you need to think about is how you can continue to increase your ownership of the number of bitcoins because if the approach you take and the bitcoins stored are still small enough then profits will follow the price process with the amount. So you will be quite disadvantaged when bitcoin reaches the next Ath but you still hold a small amount.

I don't see it ending yet and so far there is no doubt that bitcoin is getting closer to its highs. I also believe that you have not fully studied the four-year process where doubts that arise must be adjusted to the facts that have occurred.

Dude, the last price of bitcoin during the date December 31, 2014 is around $320 there's no way that your story of accumulation is true because over that years, you would've witnessed already that bitcoin has jumped to more that x5 in prices and if you really believe that bitcoin is the future then that means that there's no way that you truly believe that bitcoin is boring, maybe because a lot of people are hodling their bitcoin that the prices have been more stable but that's not nearly enough influence to the natural price volatility of bitcoin, we just got used to it that we don't notice it anymore. How old are you anyway? If you've been able to invest in bitcoin at that time then that means that you're already rich now right? Or your trust that bitcoin is the best only lasts for about a year when the price changes again?

For the 10 years that you have been buying Bitcoin, don't say that you haven't sold anything since you did it. Bitcoin was still very cheap in 2014. And after 2017, bitcoin became 20k each and even reached 69k more than its ATH in 2022.

So does that also mean, based on what you said, that you are holding a lot of bitcoins somehow? There are many things that you can doubt about what you said because first, you have no evidence that what you are saying is true. Second, of course, it is also possible that you are just bragging. Then, as you say, excitement also depends on the individuals in the communities here, dude.

We must study every market condition so as not to incur high losses due to fomo that occurs in current market conditions, the market has been corrected drastically because several whales have taken advantage of the fomo market after the news after the ETF approval, the right step is to start investing after the correction period ends because it tends to the market has stabilized which guarantees the market will not experience a high market correction afterwards, my prediction is that the market will touch $37k-$38k at the lowest price from the impact of the current correction but the market may increase on unpredictable fomo news in the future, because the ETF approval can recover the market soon in the next month.

Excitement always comes around OP. I don't know what makes you worry about the fluctuation because if you have been in the crypto market for many 10 years or even just one year you could understand that this is really how the market looks. This is the reason why people are always excited about what will happen to the market and the fluctuations you've said are a factor that gives a chance for the investors to earn more.

Let your experience give you the idea of whether you will continue or stop. We can never change the price movement of the market but we can help to adopt and understand the situation.

People do really love on having that instant action and reaction towards the market whenever there's some sentiment that had been integrated without even trying to think up realistically that not everything would really be
going into those things that they do have in mind. You would really be seeing those people would really be that keeps crying and whining and telling that this market is over or the hype is over on which they didnt even trying to zoom out that ETF isnt everything. We did make out such big move even without them on which it is really just that normal that movements might be that stagnant for a while but come to think that we are
fast approaching on the halving event and we do know on whats next on which it is the bull run season that we are all hoping for.

We cant really be so sure if this one would really be jumping or people been calling about possibilities of golden bullrun or really it is just rumors and it cant really happen.
There's no way that we could really be able to tell on where it would really be heading. This is why it would really be that important that you should really be versatile.

Your joking right, with the halving coming up next what fo you think would happen, bitcoin  would be more scares with the mining rewards beign slashed. The ETF approval wasn't such a big thing to me cause it would only help bitcoin get more investors and things are still getting in place, so chill bro!
Bitcoin still has excitement just hasn't come yet.

Hoe come one or two factor decide the price of Bitcoin? Don't fall for FOMO or fuds and I agree there were lot of hype that Bitcoin is going to surge post spot ETF approval but we have seen increase in price only for a day and again it's back to normal fluctuations. I request to keep accumulating bitcoin as we may see then bull run in 2025, now don't expect and don't assure yourself that Bitcoin price will sky rocket right after ETF halving as usually bull run starts a year later.

Not all users have the same mindset about the bitcoin market sentiment so far, they could be optimistic about history repeating itself, but in the short term investors will also take advantage. Long-term holding is one good option for bitcoin, but some users can also accumulate bitcoin by selling some at high prices and buying on dips.

Today, major correction happened in bitcoin and big investors lost hundreds of thousands of dollars because of it, but if they have a spare budget then accumulation is the best way instead of just holding what is there.

Seriously you don't know what you are talking about OP. You are confused because you believe the trends online and what people say which made you not make solid enquiries before thinking about investing in Bitcoin. Previously you said you have high hope that Bitcoin will excel after the ETF approval and havening process. All of a sudden you are expecting the price to go high immediately after the approval of the Bitcoin ETF. It's not evening up to the second quarter of the year you are expecting a full bull market.

The havening process is yet to come. Of which so many persons are eagerly waiting for the time. But all you wanted is just to see the price of Bitcoin moving high without considering the market structure. OP, you will be disappointed if you do not exercise patient while holding your Bitcoin. Don't push yourself too hard to sell if the price suddenly goes up in the next few weeks. Surely you may regret later but if you truly have hope in Bitcoin, you will hold it for long at least till the end of the year. That is when you may have a good outcome.

Of course this is the start of excitement, and also a good start in collecting Bitcoin because this year is the year Bitcoin halved and we are just waiting for the Bitcoin price to reach its ATH or reach a new ATH.
And I don't understand the OP's point, because he's been buying Bitcoin for a decade and he likely will buy again. So far he should always be in a happy state because the prices before 1 decade and now are much different and he must have also benefited from the previous Bitcoin ATH that he had during that time. So OP should be in a happier condition, because everyone or investors are just waiting for Bitcoin to skyrocket. Confused by OP's statement.

On the time that you do step your foot into this market then you are really that being too optimistic about positive things, then it did start for you to experience the opposite direction or condition then this is where you would really be molding up those kind of bad impressions that it isnt something interesting anymore or something that be calling that it isnt that hype anymore just like on where it get used to.
Now that we are on a phase were adoption and recognition is really taking place on which having those institutional involvement is really that starting now on which it might be one of the cause
on why the price isnt really that moving much? We cant really be able to draw up conclusions basing into that.

Just we should bare up in mind that when it comes to adoption and recognition then this is something inevitable.There's no such thing about assured future on which
it is really just that normal that we can make out those assumptions but its not guarantee that it would happen.

Since you have been collecting bitcoins here for almost a decade, you must have developed a certain confidence in your bitcoins. Otherwise you would never have done it. But your beliefs and the  others will not be the same. Traders have talked a lot about ETFs and speculated a lot but when the ETFs were approved, the momentum of the market came to an end. The roar of the market is gone. This does not mean that the Bitcoin rumble is over but rather we can think that Bitcoin is storing more energy than ever and will give more force to the upcoming bullish movement.

not the end of the excitement. but the beginning of the excitement this year is the year of halving. not long next year the price of all coins including bitcoin as a trigger and catalyst for the increase of all coins due to halving. it is almost certain that next year the price of bitcoin will definitely skyrocket. the tendency of the historical price of bitcoin is like that. so it's not the excitement that ends but instead the beginning of greater excitement

I was in doubt when I first read the OP as well but we never can tell, he might be telling the truth. Many might be earning from Bitcoin but do not have deep knowledge about the coin, and I have some friends in his category too, so this made me boycott any further arguments with him. Some might just invest the money due to what a friend or family told them and continue with their normal life especially when the money is little and they are busy themselves. Not everybody is so kin with internet investments or has the opportunity to read much about what they commit their money to.

Just like me, I knew so little about Bitcoin until I joined BTCt, I was so naive about it even though I knew it was an investment opportunity and I have been a trader for a long time. I even traded Bitcoin on the traditional brokers' platform but didn't invest in it then or do any research. So, to have known or invested in Bitcoin for that long doesn't mean he is deeply rooted in it. To now make matters work, some will even invest through a friend or relative without so much knowledge about how it is being done, they will just give them the money to do everything for them. That might shock you, but as I am typing I remembered two people I know in that category. If they come to this forum to write the way the OP did, people could doubt them too, but it is the truth.

If one had enough confidence to accumulate bitcoin continuously for the past 10 years then there would be no meaningless thoughts and questions like the OP is asking. And if he bought bitcoins 10 years ago and found his bitcoins recently, he will be satisfied with the current profits. Over the past 10 years bitcoin has increased by millions of percent and anyone who owns any amount of bitcoin will be happy with the results. Indeed, OP's story is not trustworthy and it is more like a fabricated story than a story he has experienced.