Topic: Isn't it exciting... (Read 227 times)

Thanks for all the great responses. Lot of new faces to me! Good to see Windy still huffin' anna puffin' ;p

For sure there was a little tongue in cheek in my OP, but there was also a grain of truth in there for those that care to take a step back for a second and look.

For anyone mad at me, or worried about my financial situation as a result of my decision to get out of BTC, please don't be, I did alright, I'm doing alright

I don't mean anyone any ill will, I do tend to think differently to a lot of folk round here but to think I just popped up out of nowhere with a hot take is a bit naive. As one astute observer noted I've been here since 2011, I've seen a few pixels in my time

Anyone remember the mtgox art thread? Chinese sauces? 6 confirms? heheh. Good times.

I can respect all your individual choices and I hope everyone does well - sure there is probably money to be made by some trading BTC but that was never really my thing. I came for the p2p cash, and from my perspective, we are now in the approach phase everything looking good!

There's no contradiction in there. The truth of the matter is that a lot of people were expecting that the price would rise when the official announcement from the SEC is released. That's a bullish news after all. But that didn't happen. Obviously, a lot of investors have already accumulated earlier and when the positive news was released, they began selling. But then this shouldn't worry us too much because this doesn't mean the price won't anymore rise. It will eventually rise. It will happen regardless of whether the news was positive or not.


Let us not be fake. We all want to buy Bitcoin at a cheaper price. But we also don't want Bitcoin to remain low.

He obviously is. Hahaha. OP is known for supporting BCash SV, a fork of a forked shitcoin, as the one and "real Bitcoin", and that Craig Wright is the one and true "Satoshi".

 

Plus he also made this topic mocking Bitcoiners, https://bitcointalksearch.org/topic/how-is-everyone-doing-5420388

The date of creation was the absolute bottom.

Is Bitcoin at the absolute bottom of the current level? Be bullish OP, I want a DIP!

The approval of bitcoin ETF didn't change anything in bitcoin nature, and that is what bitcoin has proved to us that no matter whatever news or event that happens the volatile nature is still what makes the price unpredictable. Who would believe that after the approval of ET, there will be a correction back to 42k+. We should just relax and watch the next price movement to see if it will go up or dip again because there is nothing one can do about it. From the history of bitcoin price movement, we know that after the halving, there will be a pump in price a d that is where I am more focused on, since majority of investors thought that the approval of ETF will skyrocket the price of bitcoin which ended up being a disappointment to them. I believe that December pump was just too fast that the price calls for a correction in price.

Be pacific and hold onto the mandatory emotions (Patient) required if you must be prosperous in this Bitcoin journey.
And do not undermine the volatility possessions of Bitcoin because reverse could be an unjust of excitement at last. Lol.

I see a contradiction in your statement. If you already believe that bitcoin's bullishness doesn't depend on any traditional centralized platform's adoption, then why are we disappointed that bitcoin did not increase in price when the ETF was approved?

On the other hand, I don't understand why people are disappointed when bitcoin falls because falling prices are beneficial for our accumulation of bitcoin. Most of us are long term holders and we will only sell when bitcoin hits a new ATH, so why are we disappointed when bitcoin corrects? We should be happy that the "buy rumors, sell news" effect has taken place.

There is nothing wrong with that, it's just that it won't be seen too soon this year, because Bitcoin needs market conditions that are more bullish than now and can make Bitcoin go through a bigger price range than has ever happened in previous ATHs. And if you look at the current price and compare it with the ATH that has occurred in Bitcoin, of course in general it is no longer too far for Bitcoin to reach as long as conditions are sufficiently favorable. But that doesn't mean it will happen easily in the near future because as I said, Bitcoin needs more bullish market conditions to achieve this within this year.

As much as most of us were disappointed that the strong hype about the spot ETF didn't deliver just when it was approved, I think the disappointment will be yours in a year's time. Bitcoin's bullishness doesn't depend on any traditional centralized platform's adoption. It had already surpassed targets and imaginations in the past without the rich people and institutions from Wall Street joining the game. It will once again go high with them as part of the community.

I was in the game early enough to be really rich right now.

I did not buy and hodl

I mined

I made good money but not great money.

Life is like that.  Does not make be bitter at all..

the op has been around a long time ( 2011 )he did not make his account to mock btc.

he like me made least than optimum choices.

I could have purchased 100 to 200 coins easy peasy and did not.

He could have purchased 1000 or 2000 coins easy peasy even if he did he sold them too fast.

100% correct.

OP is a shitcoiner, I remember him from back in the day. Probably tormented that he’s a soy boy that ruined his life by converting all his BTC to shitcoins and various shitforks.




His post history is littered with pro BCH, pro BSV, big block cheerleading.

He’s either a troll or upset he forked off and enjoys annoying people. Either way ignore him.

Even just using up our own common sense or something that would getting in line with your experience into this market and its possible fundamentals.Then it wont really be shocking that
there would really be no possible pumps that could happen on something that had been positively been anticipated that the market will pump on the time that ETF would be approved.
We do know and wary about on the possible funds that would flow through the market if ETF would really be approved, this is why tons of people had made out long position out of that
specially into those traders, but look at on what happened? We did really ended up on having those retracements or correction.

Now that the price is really that hovering into a level on which we didnt expect for it to happen. We are moving sideways now and its really not that shocking
that people would really be that skeptical on the things whenever there are some potential bullish or bearish news on which not all the time that the market
would really be having that kind of reaction.

almost everyone was expecting a pump, I had it in the back of my mind that there
would be a "sell the news" event as The Sceptical Chymist points out, this happens after
nearly all these events and people need to be aware that it will probably happen after
the halving too!

I still think those ETF's will feed into the Bull season that we are having now -generally-
Its just a matter of time....as in about 3 months.

I definitely think these are exciting times to answer the OP.

Yeah, corrections and fluctuations are natural but ETF was overhyped and a sense of atmosphere was created to portray that Bitcoin will hit ATH if the spot ETF is approved but I have said this in the past and saying it now as well it was supposed to have only limited impact which we have already seen. I feel the value of Bitcoin will gradually move upwards instead of sudden spike which we saw in Altcoins.

The bullrun has its time now we are crawling to start upwards and wait for it to happen.
Bitcoin ETF approval is definitely a benefit but not a direct impact, trying to heat things up.
Correction is natural, it's time for us to buy again, don't bother, determining the time of ATH is still uncertain but rest assured, in a year you might feel how ATH really exists.

People becoming too excited IMO. I mean give some time to Bitcoins. Don’t keep high expectations without giving sufficient time. Bitcoins have shown their potential earlier, hence we know what it is capable of. This bearish trend will end any time. In the mean time, we should not worry about the price. The ATH is near and it will be achieved very soon, so in the rest of time we should accumulate as many coins as we can and just hold it.

Well yes we can be excited and we are very 'bullish'. I did think we did also think there was going to be some profits from the Bitcoin EFT approval.
But the market went down and we can say that was a correction. I am still 'bullish' and do think we will see new ATH but I do think it will take some more time then we did think.

That's actually a sad thing, created an account in a bitcoin community forum just to mock us when they're really the one that's been insecure all this time about making the mistakes that they're doing, I think OP needs to find a new hobby or just join in the fray and see the wonders that bitcoin can give someone.

Continue to be bullish on Bitcoin in the long-term disposition, nothing could possibly go wrong in my opinion. The answers to what we are experiencing in the Bitcoin market are not far-fetched, it is what many of us are anticipating and no wonder that Coindesk called them "Contrarians." But actually, they may not particularly be a contrarian but a viable speculator who knew what the market was going to do before doing it, and that is smartness to me as many of us trading the Bitcoin market do not reason the same way, some do not reason the new crypto way most people reason these days. Some have lived in the market for decades far before cryptocurrency, while some might just be an accurate predictor which could be both immediate or futuristic, so they might have known what the post-ETF behaviour of the market could be.

It is always good that we update our prevailing sentiment about the market all the time, and it is good to know this by the use of the technical and fundamental resources at our disposal. We should not be a blind follower of what the media is saying but use our experience, senses and instincts on what could possibly happen in the market might be truly revealed. This is what matters most and a lot knew the ETF approval couldn't hold water again since its anticipation had already made Bitcoin overpriced, we should not be surprised by this retracement. Nonetheless, I see support close to $40,000, the level is $40,243 Fibonacci support of the 1D chart. Maybe Bitcoin can hold above the level and bounce back over time. But no need to panic whatsoever, this is just a temporary setback for the coin.

Certainly Sir ,. A fun investment option. Just need to be patient for a few more moments to reach the highest level againt.

The reason it dropped is because nobody expected it to drop. Everyone knew it would be approved and everyone was expecting a pump. Since everybody was expecting a pump obviously the opposite had to happen.

Sure many had the “sell the news” in the back of their minds but everyone thought that this time will be different. On my Twitter pretty much 90% of people are calling for new ATHs and something crazy like $1M per bitcoin like ARK fund.

Hence this is the reason why it dropped. We will see what happens tomorrow, as long as it doesn’t break $40K then we should be fine.

I have had dialog with the op. He is simply bitter about poor choices.

LOL, but for who know the OP, this is the very voice of mockery? 

Ah!  Said sarcasm would have flown right over my dingleberry of a head were it not for that stealth link in the form of a question mark.  I haven't read anything from Coindesk in a while, and it seems like they're writing for teenagers with next to no knowledge of finance/markets.

I don't know about you all here, but even if the ETF thing was a "sell the news" situation, I think market sentiment is pretty bullish with a long-term view--so there might have been a dip after those ETFs got approved, but I have a feeling that there's still an upward trend underneath it all.

That said, bitcoin still has a long way to go before it reaches a new ATH.  I'm not complaining about a valuation of $43k-ish by any means, but the previous ATH was well above that.  Once again I kneel before the market gods and pray that bitcoin doesn't take off like a rocket and reach heights that it can't sustain.  We all know that's happened a few times before.

Lmo I like the fact that Bitcoin was able to divulge all the hypes that come along with the US Bitcoin ETF approval,  a situation that left almost all the speculators into switching from the recovery mood that we have been in since the beginning of 2023 to January 2024 when the bullish hypes rook over the market, but then after when the approval finally happens, Bitcoin price dumped to 42k which was a significant move which beat the expectations of everyone.


But then we may expect some positive moves in the market when the halving finally passes and block size gets divided at some point which coupled with the ETF could be a significant force that could possibly push the price of Bitcoin upward.

Assume you're being sarcastic, but I'll bite. Personally I lost my bullishness once the ETFs launched, followed by the confirmation dump and gravestone doji on the Weekly time-frame that spells out longer-term "downtrend", similar to 2019. Anyway, don't think I'm as bearish as you! Are you still waiting for $1,150, like you said will happen in December 2021, or given up on that yet? No offence but you're TA looks like a failed prediction from 2017 that you're still holding onto, like many others who expected $1K when only $3K arrived. You could just accept that it was wrong and re-evaluate, like claiming this is the lower high that takes us down to $12K or something. Personally I see a return to around $30K, as there is a lack of support between there and $50K, and worst case down to $20K, but have ruled out a return to $1K now ETFs have been launched  

This is the most bullish I have seen this place in a while. Not long until the ATH again eh!

What could possibly go wrong?