Topic: Is this the end of excitement - page 6. (Read 944 times)

That is Bitcoin for you , never expect anything outside of the box, and also be more active, to know when exactly when to sell or buy Bitcoin,  because these are the most two important things right now and as much as that, we also have to know that Bitcoin, doesn't act to the tone of anything and in as much as we speculate that Bitcoin price may jump after ETF approval, we also have to know that allot need to be considered in doing that, many at times we have seen that Bitcoin need to go outside the box to get things fixed, and at such, we need to trade with caution when dealing with things like Bitcoin,  and also we don't need to act in a particular manner because of news that we expect to carry, never the less we have to look into the things the way there are and also try not to overview anything or event to mean so much in Bitcoin...


Bitcoin can decide to act in any way and for sure there is news that can trigger Bitcoin price but even at that,  we also know that Bitcoin is a unique volatile asset that requires a lot of smartness to be able to, predict fairly what its price can be.

It's hard to believe that you survive your 10 years of bitcoin accumulation if your mindset is like that. Know that bitcoin never stops to be volatile, so most probably bitcoin is still not at its best today that we should force it to gain its all time high. Rather than expecting a lot from bitcoin these days that it will immediately go to the moon, why not use this opportunity to accumulate more so you can prepare for the imminent bitcoin halving.

Bitcoin is not boring, and has never been. It always offers us a roller coaster ride, that's up for us how we will anticipate the price movement of bitcoin.

I think what happened was that many were reading articles about bitcoin heading to new ATH or heading to $100K or $1M due to these bitcoin etfs. And so as soon as it launches, nothing happened.

When it was approved,  Nothing happened until the next morning when NY session was live. It went up for about an hour and then a huge dump. As it kept dipping people had the sell the news mentality and just sold and today was the same thing.

We need to look at the flows, for a week or so and see how much gets added to these etfs. And then we can judge if there is interest with these etfs from boomers and retirement portfolios.

Expect the unexpected as always on which there's really be no guarantee that whenever we do see these positive sentiments then it cant be sure that it would really be making out that sureness that it could pump out the price, just like on whats happening currently on which its true that despite of the ETF approval, the price didnt rocket off to the moon on which tons of people had really having that kind of disappointment because they are really that expecting something positive on which just like i have said earlier that dealing up with this unpredictable space comes up with unpredictable things along the way. We might be expecting something positive but look at on where we now which the price is really that having those slight retracement on which it is really that totally opposing on what we are expecting.

Some saying that pump might happen in the after months before the approval on which those are really just that speculations or assumptions but theres always that possibility
and this is something that people really that anticipating for it to happen. Dont make yourself that get disappointed on which we do know that price could neither
shoot up or not no matter how these fundamentals and other things that do affect or giving out that kind of vibe whether negative or positive.
It could move in a random manner.

You have been buying bitcoin for 10 years with a small amount, of course you have gone through two cycles, right? Then you expect from the ETF approval event will jump bigger that you expect of course this is still no history unless you wait for the halving and wait for history to be carved again, so why expect more on the Bitcoin ETF news that you think will jump 5x more.

The excitement does not end you take too seriously before the halving occurs, fluctuations are natural in the movement of bitcoin, so you think bitcoin is too bored, but is it bored with HODL for 10 years or what?

The ETF hype is over, that much is clear. The excitement was based on the approval and launch, it was never based on the usage or volume afterwards, these things take time to build. However the halving is only 4 months away, and to me that is always an exciting period, even if is usually based on more price stability rather than a parabolic move to the upside like we've seen in 2023.

To me, regardless of price correcting from here, it seems a correction will only last around 4 months, as opposed to 9-12 months like we've seen in the past, due to the date of the halving and how long the retracement of Bitcoin took to reach it's 0.618 fib level - previously this has only taken 3-6 months, but this time it took 12 months. That said, if price is to return to $30K support, it's going to have to do so quickly, as once the halving occurs there won't be any more substantial decline, more likely sideways as we've usually seen (as miners initially balance out selling reduced supply with many switching off due to less rewards etc).

You've been in the crypto space for 10 years (or more) but too unfortunate that you are not still convinced about the situation and the potential ATH.
After several years of getting involved with the market crash and hype, you're still in doubt. I was speechless but one thing I would say is that you feel bored because you are in a hurry and are tired of waiting for the bull season which in fact you have experienced and you are doing this in the past.

Of course, there is no excitement to feel once your mind is already closed to positivity. Impatient people can never succeed but failure. 

Probably there was a mistake and OP has been buying bitcoin for the last 1 year. 1.1 years or 1.2 years. Otherwise, his statements sound implausible. Bitcoin owners with 10 years or more of experience would think differently. For bitcoin has jumped over the last 10 years by more than 3-5, which is what the author complains about.

Maybe because he sees this word for the first time? In 10 years.

Because he probably invested in bitcoin quite recently and hopes to get these X's (3-5 times).

Every word of OP calls into question his statement about more than 10 years of investing in bitcoin.

If you bought any amount of Bitcoin ten years ago, you should be happy now if you still hold onto it better. Because you can directly compare the price of Bitcoin ten years ago with the price of Bitcoin today and usually people who have known Bitcoin for more than ten years are people who are very mature in their belief in Bitcoin so they won't be in a rush to ask or ask questions. thought about "the days of excitement are over" just because there was a slight price correction after yesterday's increase due to the impact of the ETF approval.

I don't thin that the price of halving is price it, you do know that halving has not yet started right? Don't you worry about the ETF, I mean it is has a big effect then good, if not then it won't hurt the market. It's the halving that we are concern of, and come April or after it happened, that is the good measurement on how the market will move in the next two years.

And I think it is still very exciting though, prediction says that we will see at least 6 digits. If this happens then it is the first time that we will see this price. So if you are really a holder for over 10 years, this is could be the best year for you and see how your portfolio will grow after hitting $100k.

If you compare the previous halving, you will know that the bitcoin prices usually dump post halving and then slowly start to recover and then we will witness the bull season peak about one to 1.5 years after the halving event. So how can you have that halving event are priced in already? You need to see and understand the halving effects before you come to such conclusions.

Also, for the Bitcoin ETF, we will see gradual constant demand of bitcoin mainly because of ETF and ETF was never a pump and dump event. Here you also need to understand what is ETF and how it will affect on bitcoin in the long term duration.

Over the past 10 years, you have gone through several ATHs and you have felt the price increase many times even though the amount of Bitcoin you bought was small.
You've already started and your excitement will peak if you continue to want the long term with the Bitcoin holdings you add to your portfolio.

When an event such as an ETF approval occurs, expectations for the market to move higher in price automatically may not occur or what happens may actually be corrected again.

But be patient because Bitcoin's long-term targets will not betray investors.
We believe complete bullishness will occur after the halving. We never get bored with Bitcoin price fluctuations in the market because that is the difference between Bitcoin and other assets such as gold, in fact we are very happy with the current state of the market.

If you want to trade in the long term, the excitement will begin, as the price before the end of the year may reach the levels of $100,000, but in the short term there may be some correction in a repeat of the price cycle in 2013, and this may not happen, but if you want to take caution, consider that the peak is $58,000 for the next 6 months, and the bottom is $28,000, and the price will move in this direction and may be at the same current levels in April.

The price does not interact directly with halving and it takes an average of 4-6 months before we see green candles.

The real excitement STARTS once the halving has happened and the mtgox coins have been distributed.

If you are a true investors as like what you said having 10 years in buying small amounts?  this must not  be for fun instead this is for future investment .

But what i was wondering here is that imagine you started buying bitcoin when the price is not even a hundred bucks per bitcoin yet you maintained buying smaller ?
why not for the first 4 years that you experienced halving then that is for sure that you may consider buying higher and higher because you have watched this coin grows so is this a real life story ? sorry for asking but just a curiosity comes in mind mate.

Are you Japanese bro? It's halving/halvening. That's no biggie but let's go to the point.

This is what you think but the market is always full of surprises. When people think that the ICOs were the only catalyst of the market since 2017 bull run, we've seen the same crowdfunding through IEO, STOs, etc. And then even til' now there are still that think that they are now. So after this Bitcoin spot etf applications, there's actually more to wait for like adoption from the actual government, more legal tender proposals and announcements, etc.

So, what do you want to do next when you reach your target? Bitcoin has soared to this figure several times in its fluctuations over the past 10 years.

The sentiment of people welcoming the ETF approval event isn't very bullish, Bitcoin has already reached ATH in the current halving cycle. And these ETF companies only added their portfolio collection by a tiny % (maybe), it doesn't necessarily mean that new investors in this market will come massively. To ignite your spirit of hope, just wait for the next halving cycle.

Come again, you have been buying small amounts of Bitcoin for over 10 years? So 11 years or 12 years? It's hard to believe your story but if you've been doing this for more than 10 years, you must have a lot of Bitcoin already.

But how come you don't even know how to spell halving until now? How come your are still hoping that Bitcoin will multiply 3 to 5 times? Bitcoin has already multiplied several times since 10 years ago.

You sound too worried that there wasn't a sudden spike in the price. If I have been buying Bitcoin for more than 10 years, I wouldn't care whether it's growth is boring these days.

I have been buying small amounts of bitcoin for over 10 years. While I was always knew bitcoin would grow I did hope that some events might make it jump up in price say 3 to 5 times. Events like etf approval, a harvening etc. I still remember those charts that had predicted supersonic prices by now. But now read that both the etf and harvening aew now priced in and yet the price is not even an earlier all time high.

Does that mean the excitement days are over. Has bitcoin become boring in terms of big price fluctuations☹️