Topic: New ATH hit. Anyone, ever bought BTC, is now at profit. Welcome to fraternity... (Read 865 times)

Without a doubt, what can be generated from now until November 5th is a lot of uncertainty in the BTC market, obviously Because of what can happen, I hope the results are good and favorable for everyone. If so, Bitcoin will rise , because everything that is good will bring good things to everything, and that includes speculative markets. We would avoid a market crash and avoid unnecessary wars if all goes well. For the rest, it will only be a matter of Finding our good Refuge from Hodl and Resisting the possible Storms that may come, both economically and in any other area.

It might have an impact as we do remember that we have one candidate who says that he is supportive of Bitcoin, and so if by chance he won the US Election it could have a impact on us. And also we says that when the price goes down, it's because of some negative news, like the war that is happening in the Middle East. And so with that, every news, although it's not only the factor that can affect the price, but still any negative or positive news around the world will surely have a effect, not just on Bitcoin market, but in any financial market as we all know that each and every once is connected, at any shape or form.

So let's see who will win the Election, it's just a couple of weeks or so and by the looks of it, or at least is majority of sports bookies, Trump is already leading for betting odds and it could also reflect the consensus of the US voters.

US presidential election "should not" have any impact on the price but I would not be shocked if there is one. Looking at the price last bull run we can see that the price did go up after the election, meaning that there was something about it, but there wasn't one in 2016 so I can't say exactly if that works, so far we have one that didn't happen and one that did. I believe we are going to end up with a good increase yet again after the election, but because of halving and expected bull run, not because of elections.

The only thing that would change could be people would be more willing to invest since they know the result and they know what to expect as well. Plus, if Trump wins, the price will likely go up a lot more in celebration, you may like him or hate him but he is a probitcoin person and price could go up because of this as well. People will see future of bitcoin bright with him, and because of that people could invest into it.

This may be the main reason for the current market decline. As we are so close to the US presidential election, it is very unlikely that we will see bullish movement in Bitcoin during this period, especially until the results of election come out. Such messages have already reached investors. Everyone will try to wait slowly during this time. But I think after selecting president, it will definitely accelerate even more than its previous speed. Since no one has the ability to regulate Bitcoin, any government come to the power bitcoin will be bullish. If any one of the two candidate support Bitcoin, there might be bullish movement in Bitcoin in the short time, but for a little longer, Bitcoin will move at its own pace. 2025 could be a great year for Bitcoin in all aspects. All in all I would say that those who hold Bitcoin will be successful in the upcoming bull run.

Yes, it is a fact that things will be that way, I personally think that things with BTC with or without presidential elections will not change the course of BTC, it may affect temporarily, but it is a fact that things now are very fragile and any fundamental, whether it be war or similar, can delay the bullish effect of the market, with respect to wars, they should already cease, because the death of innocents is not something that looks good, and apart from that it affects the market because most investors panic and sell, for me a war will never bring good things.

Yeah, doing DCA right now and I am expecting the price to get much better as well. I am not saying 100k+ will happen this year, but I do expect ATH to be broken again, maybe reach 80k or so and that's it. This is my guess, I just think over 80k would be very hard, not that 81-82 or whatever, I mean like 85+ would be very hard, but 80 seems quite possible for this year. I also believe the same for next year, I think 100k is possible and will happen, 150k+ will be very hard to reach, but could happen, and I do not think we will be 200k+ that would be way too much and I think that will not happen

So, what I guess would be 120-160 range for next year at the very peak and should not be really that complicated to reach as long as there is a bull run and millions of people bring in billions of dollars and stop selling. Remember, how much money is in to buy bitcoin isn't the only thing that matters, people deciding not to sell is also another important part of this.

We will have to wait though, if it really push the market for a bullish phase, then good for us. Otherwise, it might be good to think that with or without the US election, we should know that the Bitcoin price is going to reach new all time high. There could be a different catalyst and not just this one, or maybe another institutions are going to push the market with their billions of funding and investment.

So with that, anything can happen in the market, remember that if we look at it and the cycle will still be true, next year should be still at the bullish phase. I do agree, DCA or any method that we can used to accumulate as much as we can, we should continue to do that so in any case predictions is right that we will see $100k++ as our new all time high, we will be ready and we will make huge profits.

I think it was better not or you could have said, big words, we must not leave out the effect that the US presidential elections can cause, it is a fact that it is a country that exercises a global hegemony in terms of the economy and every event that has to do with the country has its effect all over the world, and as we have now talked about BTC and the candidates who are for and against BTC, I think that by itself we already know many things, given this it seems great to me that those who can buy and accumulate would be a very intelligent move, and they would be moving forward to become richer and millionaires every day, those who cannot buy big, only with the DCA method have

Well in this market though, there is a pattern that we have seen in so we should say that we should believed but it's not a guarantee that it should repeat itself. Remember that it's the first time that we have seen Bitcoin getting into a new all time high before the halving, and now we are in a struggle to beat that new all time high as we can't or have difficulty getting into that $70k range. Although there could be that catalyst next month, the US election that might push the price and we will see if it has enough momentum specially if the supposedly next US President is the touted pro-Bitcoin or pro-crypto. So let's just continue what we have been doing all throughout this cycle, accumulate as much as we can till 2025.

I am one of those people who does not believe in routines and patterns, but in the market in some time frames it has shown me that it works, incredibly, and I found its logic, because there are always people in the market who take care of a price range, some so that it does not go down, others because they want to lower it, then sometimes the limits that the bulls establish are called the ceilings and the floors or supports are normally established by the bears, then in view of this the logic of technical analysis arises a lot, however it is not something that is always fulfilled, because a multimillionaire can come in and make the price go up and that's it, or the multimillionaire can move the market down with shorts, as happened in 2017 and then buy back cheaper which for me is the smartest strategy, so those are the things that are not measured in the technical analysis and that no news can reach that conclusion, only time.

Just like when we looked far in the past where the price of Bitcoin was also unstable and continued to fall,
but in the end, Bitcoin was able to reach a new ATH and make history that has never happened.

When a lot of people are scared and too skeptical of Bitcoin's price movements, I just have to see that it's an opportunity to start coming in.
The distrust of others and when they start selling so that the price keeps falling, it is the best chance to enter at a cheaper price.

A bearish will not always happen, because after that the bull market will arrive to break through the new ATH.
And yes, like on the topic of price increases in 2021 which started at will until it reached a new ATH, it is a history that has never been forgotten.
In the past I saw Bitcoin price lowest at $3k and then in 2021 it broke $70k++, which is incredible.

Now it's just waiting for Bitcoin to hit an ATH of $100k, and that's still very possible and quite realistic considering the current state of the crypto market.
That's the closest target now, and we'll see that soon.

Yes, the future of bitcoin will always be the same no matter what happens in between, there could be some ups and downs based on news sometimes but this doesn't change the long term profits of bitcoin and we should consider this as a good possibility to make some good money as well.

I believe we have seen price movement already and we are going to have some bull run soon enough. Just because we believe it may not be great at the moment, doesn't mean we are going to end up with a lot of falls too, they may not believe that we are going to go up, there are always people who fear we are going to go towards bear run, but do not care about them and do not spend too much time on what they are saying because they said this before every bull run and they were always wrong. Go check the topics right before the 2021 bull run started, you will see a ton of people starting topics about how they do not trust that the bitcoin price will go up.

When you read those messages, you realize there will be some in the future as well, like for example this one is great, but I feel like 2029 will be a bull run too, that's the cycle shows, and in 2028 there will be a ton of people doubting it too.

Those who bought at $58K, now they are already making a profit. The profit that is currently obtained at a price that has reached $68K. Those who buy 1 BTC will get $10K. For those who bought at a lower price with the purchase time in previous years, let alone at a price of $70K or $73K, at the current price they have already made a lot of profit. They will even be very sensitive if they hear negative statements or discussions about the future of Bitcoin that compare it to investments such as gold.

Yes, that's what it's about, basically things tend to be like that, many say that some fundamentals like war, which hopefully will end, politics, and other things can affect the btc market and in fact yes, but they are temporary effects but they are not really incidents enough to change the course or history of BTC, if it reacted to Soviet successes only because of the fact that it is an asset that responds to specific markets, but in itself the history of BTC shows that it continues on its course and that in some way the moments it has to do will be done, sooner or later, but it will happen, I am completely sure that btc will reach another new ATH, but when? We don't know, but what will happen will happen.

If only $71k then yeah, that was only easy. In fact, the price of BTC is starting to move again upwards. If only this will continue, we can get your target by max mid of November. December would be a month for a brand new ATH. I mean we can now unlock the $80k here or more. Definitely we will be at $100k level by the year of 2025. Correction is smaller than a bear market, so recovery for it can also be quicker. BTC hitting an ATH this year must be the opening of a bull run. If there is something that we are about to witness later on, that would only be its peak. This is exciting but all must ensure that they are now ready for it.

Indeed, we always see certain things if we predict the future by seeing how much bitcoin will get back, but if we take into account how the bitcoin cycle we will immediately see it and easily imagine how many possible targets bitcoin will reach, and we only need to wait until bitcoin again proves itself as an asset that has great value on earth and is far better than other assets, therefore we need to have bitcoin before the regret makes us hurt.

I agree, we're describing the two month period like it's not a significant amount of time. We're approximately 45 days away from 2025, a lot can happen in the blink of an eye; we can wake up tomorrow and Bitcoin may have plummeted or achieved a new ATH. Investments are unpredictable and may not follow a specific course of events. I'm not claiming that hitting a new ATH is impossible, but unlikely due to the pattern it has been following the past few months, while the truth is that you have a solid point, even $100 above the current ATH is still a new record, and we're barely less than $10,000 away from it.

I don't think it's difficult for bitcoin to hit a new ATH even though currently the price has fallen by 14.5% from the previous ATH in May. The highest price at that time for bitcoin was $73,737.94 as recorded on coingekco, while today the price of bitcoin is trading at around $63,178.89. The gap isn't that big, right, so stay optimistic while it's still possible to hope for it.

Many of us may think that 2 months to the end of the year is not long, but I think there are a lot of things that will happen along the way and we never know what they are. Various possibilities are speculated including bullish or sideway, but I still remain optimistic about the new ATH that will be achieved during the rest of the year. If bitcoin hits $74k in the rest of the year, then it will also be called a new ATH. In fact, many of us expected higher nominal prices instead of just the new ATH.

I also still think that Bitcoin can still surpass $71K by the end of this year and by early next year it could approach $100K if there is no deep price correction. Because now we are in the time to see a bullrun even though this year Bitcoin has made a new ATH at its price level in the first quarter of this year. But for the next increase that can exceed $71K I think it is still quite reasonable to expect because that is something that looks quite feasible for everyone to look forward to in the end of the year and early next year in Bitcoin.

71k and a week after the value fell down badly again and I believe that there are chances of 100k but not today or tomorrow in which this will take another months from now and from there we can see 6 digits and more growth for another couple of years.

We're less than two months away from 2025, thus, I find it quite unlikely that we'll hit a new ATH in such a short period. Although that doesn't necessarily mean much, especially with the US elections on the way, things can swiftly change, either for the better or worse. From how I see things, except from the past few days to week, Bitcoin has been relatively stable, ranging in price between $58,000 at major drops, to $62,000, and sometimes up to $64,000 or $65,000, replicating this pattern over the last few months.

This isn't a speculation analysis nor am I trying to prove my point, but it seems to me that it's following a pattern of minor pumps and dumps over the last few months, before summer started.

The possibility of Bitcoin's price going to the next highest price will be there. We only needs to be patient and wait for that moment. Many people says that we will see the next ATH at the end of this year or next year. But we don't have the right sign for that and can only waits for a while. You will make a big profit if you can sell at the highest price but if you still delay for selling on the highest price, your profit will also delay. Those who have many Bitcoin will not sell them at once because they will want to keep some Bitcoin for the future. After all, Bitcoin has a bright future. This situation is difficult so maybe we can hold our Bitcoin for more until the price increases to the new ATH.

The high volatility experienced by bitcoin in the last few days is actually strong evidence that anything can happen. It is possible for Bitcoin to reach a new ATH in a day if demand is very high, but it can also fall very deeply if there is an extraordinary influence on the market. We all expected a new ATH and a massive rise after the halving, but this has not happened yet.

Currently bitcoin is around $9k below its ATH, so it's certainly not too high to reach again. If buying interest surges, then bitcoin will very likely be at $70k again in no time. But what I'm hoping for is a steady rise instead of panic buying due to FOMO or something like that. This can prevent large falls in one day due to quick profit taking.

While 72k or so was the ATH, we can see we are very close to it even still, and just one big bull run would destroy such a ATH so we should be hopeful about the potential. I understand people are almost always worried about what's going to happen, because they fear they may lose their money, and money isn't something we come by easily these days, life is very expensive and every cent counts, losing money is something they are afraid because they fear they may not recover it back again.

However, there shouldn't be a fear on this one, we are going on a bull adventure soon enough, and we are going to profit and long term has always been great in crypto. So if you buy now and wait, either in a few months or in a few years you will eventually profit and won't matter too much at all, wouldn't really feel this much. In the end, we can definitely make some profit from holding, because holding has been the best way of making money on the long run.

Of course $71-$72k is the new ATH because that price is the highest that BTC can build this year, but we do have the possibility of a second increase that occurs after the Halving or usually occurs at the end of the year on the 4-year bitcoin cycle, people who sell at that price and buy in the tens of thousands of dollars to 30$k dollars will get a lot of profit if they also buy a lot of bitcoin at that time, but who knows about it because it is only limited to speculation and assumptions with the phrase “if”, why not just put an open order at the price you want without having to do that to sell at the best price in your opinion.

We all want the war conflict to end soon, but we can only hope and pray that it will end soon. Because war hurts many people, especially those who live in countries that are facing terrible wars. And of course, the price of Bitcoin can be affected by war or other conflicts, just like any other asset class. If a major conflict or geopolitical crisis occurs, the financial market will definitely become uncertain, and this will also increase the volatility of the Bitcoin price. And no matter what happens, the price of Bitcoin will remain an unpredictable asset. But in the long run, its price will still go up.

Those who sold Bitcoin at $70,000 made a big profit especially if they were accumulated from a long time ago. But I don't think that $71k-$72k is the new ATH because I think that Bitcoin price can be more than $100k this end of the year or next year. There will be time for Bitcoin price to start rise and impress many people because they don't think that Bitcoin can reach the new ATH more than $100k.

If you want to follow people suggestion to still use DCA method for this moment, you can expect to make a big profit when the price make a new ATH.

You really make a profit when you sell your Bitcoin. So that will be your decision when you want to sell Bitcoin.

You can set your alarm at the certain price so you will not miss the chance to sell at that price.

I even thought that the war in the Middle East had nothing to do with the market, its impact was negligible but it seemed like someone was taking advantage of that news to manipulate the market, manipulate our psychology.

In fact, war is much worse because it not only takes human lives but also causes terrible destruction causing damage to property, houses...almost everything will be destroyed but we are not in a war zone so we think it is not worse than covid. Only those who have been in that situation know what they are going through.

I believe that, whether there is a war or not, the price increase season will still come because these two factors are not too related to each other.

I don't know but I do not think that the war will simply stop Bitcoin from making a huge run and make it a new all time high at $100,000 or higher in 2025. Yes, we have the war in the background, but there's nothing worst for me than the pandemic wherein every economy in the world has shutdown and yet we keep going and survived that crisis. The only bad thing is that in war, there are going to be collateral damage specially kids. But barring everything, there will still be a lot of crypto millionaires this coming bull run and hopefully everything will settle down and the war will not go on full blown so that there will be no casualties on both sides.

That is what we all want to happen , I am a person who will always Advocate for wars to cease , if we see the wars occur for: Lands, religion, for disagreements that in the end are somewhat ridiculous, then in view of this they have to stick to this Point , they must be more tolerable , the world should be for everyone , they should worry about other things, not that, and the effect is so immediate that the markets are negatively affected , then that is not the idea, there have to be good Effects and not wars , unnecessary deaths , when there are wars everything is ugly, everything is black.

The other side of what affects bitcoin does make us very unbelievable, the choice is very bad and not worthy of being a choice, rich or many lives lost, very inhumane, but if the war stops, many people will survive and there will be many new millionaires from bitcoin because with that we can continue to increase the price of bitcoin.

It is a fact that if a war breaks out, the price will be affected and Possibly Negatively , I hope it does not happen because many human lives would be lost, money really does not matter if many of us are made to choose between people living or becoming Millionaires (in the case that I had a lot of BTC) but in every market speculation things happen for a reason , and I think that if this becomes a great fundamental, I hope that it is something temporary and has a Quick solution and things in the World improve so that the bull can go on its run without problems.

If a Bitcoin war can grow even higher than just touching the price level of $ 66k, but yes that kind of thing can not be predicted, we do not know what disaster schedule will befall Bitcoin, but this kind of thing as usual. There will be a high pace when they run out of ammunition, and that will make Bitcoin grow back.
Really a world that is not peaceful makes me feel uncomfortable with my Bitcoin ownership, I hope the conflict will be completed quickly and next year Bitcoin can grow crazy to print its highest ATH.

Looks like the impending war won't let the bull to climb the mountain so early...

The truth is, speculation is easy but to what extent it will be accurate, right? So in this market, we are all just speculating about the price and act on it. So the difference here among spectators is that how they act on this market. And if you do nothing, it means, your prediction or any speculation is useless. You will just be a mere observer of this market.

Also, don't wait for someone to tell you to buy in this market. It is your money at stake, so you should know when to buy or not. Be aware also of some news as it can really have influence in the market price. One can always check cmc or coingecko for the trend. These trends will always give us a glimpse as to how the market turned out to be.

I agree about that comparison if we didn't hit a new ATH before the halving, this price that we're having right now is still close to the ATH that we've got last bull run of 2021 and comparatively it's still a good one.

The FED cut rate did most markets up again just after the announcement. The S&P 500, the stocks, and even Bitcoin. That only means are money flowing again to the markets when the rates have been cut, I think there will be another batch of these cuts. I'm not sure when but when it does, possible another positive impact to BTC's price.

We still have some time before the end of the year, and since we have a new pattern of seeing a new all time high before the halving, it's really hard to speculate as where the price will be this year. I mean if we didn't hit that $73k this March, we could be still in a new all time high today. However, as I have said, pattern or cycle change this bull run, so we should expect the unexpected.

And then we have the geo-politics in the background, US Fed rate hike and then the Presidential election in November. This news might impact on what the price will be this 2024 and it could be positive. And so we should really wait and have the patience as believed that we can see 6 digits this bull run.

That was the top before the halving but this bull run hasn't ended yet. The year is near the end and we're in the last month of Q3 then Q4 next. But give it all a chance up to 2025 and let's how it will perform. It takes 19% more gains from the current price of $60270 right now for Bitcoin to be back at that top. It may take time but if the basis will be the historical gains, that can be beaten easily. I'm speaking with all hope that we'll be able to see another top on top of the peak that we saw several months ago. If not, it takes patience for it to happen and we've got more than a year to assume for this bull run.

Looking back, it seems, This is the TOP was the correct answer, which has got ZERO vote so far!

Have you currently check the price of bitcoin?
I think this is as a result of the halving which is about to take place in few days, there is a panic between the investors who are holding their bitcoin. As we always believed that during halving price changes and could find it difficult to scale through causing serious selling pressure (resistance) in the market, just take a look at the market within 72 hours bitcoin has dropped from $71k plus to $64k which is ~ 5 percent lost from it's previous price. With this reason I still believe the price would drop to 58k before halving takes place.

There is no need to scare other people if what they are after is Bitcoin, because everyone already knows how Bitcoin moves every four years which generally provides evidence that is accurate and precise enough to be held by many people without having to be afraid of fluctuations. Bitcoin is a long-term asset that already has an ETF now and has also beaten other assets such as meta platforms and is also very close to Silver's market cap at this time. So there is no need to be afraid to hold Bitcoin because things like these fluctuations can pay off if the person holding it can be patient enough to wait for the price to increase.

this statement holds truth usually when halving happening, people are selling for the sake of following the saying "buy rumour sell the news" so its to be expected, halving honestly just like previous halving not gonna give big impact but usually it gets followed up with series of rally until there's a really big pump happening out of the blue that caught people off guard.
but there's no guarantee that things will be the same though I mean the previous bullrun wasn't as fast as this one around where we hitting all time high and surpassing it beyond the trajectory of the predicted price of bitcoin by many analyst.
things might be different, the halving might give some impact, because people are so anticipating this event the main reason why people buying bitcoin in bulk is because they know that halving is near.
but we will see whether this halving gonna be any impactful towards the price of bitcoin anything can happen, but if the price is dipping i'm already readying some money for the sake of buying the correction.

I think one should not buy bitcoin now because market is very unpredictable and it is ranging between the value of 68k$ and 71k$ so now be thankful for the amount you have and don't buy more this time.

Most of the people will have missed the opportunity so it is their own choice but I think we should be more conscious about our money and then think about the higher price before investment.

Today the price is 69k$ so it is still a higher value and halving is not so far therefore take benefit from already holded bitcoin and then wait for the duration when again bear season start.

BTC seems to be gearing up for some action. It's hard to predict which way the market will swing, so I'm just sticking to my regular investing routine. Every time it hits a new all-time high, my investments look even better. It's well-known that there's typically a dip around the halving, followed by a gradual recovery over a few weeks or months.

Now i'm looking the potential approval of the Hong Kong spot ETF on April 15th could add an interesting twist to the mix. let's see

Is this a sign? I think you used to be a very optimistic person about bitcoin because I also read many of your comments on the forum. But now you are starting to be pessimistic and think that bitcoin will not be able to increase in price any further and there will soon be a correction, even a deep correction to $50k. This shows that people are becoming pessimistic even the most optimistic people like you.

Perhaps this is what market makers want and they are succeeding with their strategy. They will find a way to make people feel bored and think that the bull season is over and a big correction is coming. And that will also be the time they pump bitcoin higher and make those who are waiting for bitcoin to adjust to buy at a higher price. I really like this scenario and I am the opposite of you, I believe bitcoin will soon break new ATH and even hit $85k this month or early May.

Currently Bitcoins are resting at 70-80k usd range only. Hence I don’t think Bitcoins will jump more than this and will touch 100k during this bull run. We have already achieved the ATH price, I don’t think it will go more further. Soon we might see a price correction. Many are predicting that Bitcoins will lie in the range of 50-60k USD. Hence, be ready to buy the coins in comparatively cheaper price.

Don't let us go too far with the way we are going to predict for this season all time high after the halving which we believe to come before the end of the year or by the early of 2025, i will also go by standing with bitcoin having nothing less than $150,000 for this halving, everyone is free to give his own prediction as being convinced by the way of their speculations, its high time that we should got encourage to invest if we haven't and still take opportunity now to invest and hodl.

It's likely that we're going to see the price going up again but we got to remember that there's going to be a time that this will not be the case so be ready. Another thing I'd like to point out is that bitcoin is still volatile so make sure not to do things over the top, do it with grace and caution.

It could be viewed as bullish signal to me. And as long as we are above $60k, we are all good, and we haven't seen Bitcoin going down below that price even though there are corrections, the last one, the price goes down to $62k. Now we are back above $70k and could be looking around $75k before the halving if the sentiments continue to be very bullish and the greed index more than 80%. And it's apparent that there is going to be huge demand, we are like a week before the halving, and so investors whether it's Wall Streets, or big name or institutions or just like you and me, regular average joe, everyone wanted to join and doesn't want to missed the boat. The only issues I'm seeing right now is that the fees are somewhat going up again and it could be due to ordinals or runes project or whatever another of this kind surfacing.

Right now, to be honest, what is happening in the market for Bitcoin's market price is quite exciting. Because no one really knows which direction its value will go. If I look at it on the graph,
it looks like there is an ascending triangle forming. I still don't have confirmation to see that his trend direction can suddenly change.




You can really see mixed speculation among the predictors in this regard. Because it's like I haven't seen anything so far that's higher high but higher low, I'm seeing something. So let's see.

We may see a Bitcoin bull run for a number of possible reasons. Even if the Bitcoin price crosses an ATH, the Bitcoin bull that is about to start is not completely start. At this point the value of Bitcoin will continue to rise and we will see it cross new ath until it reaches that point.

Only in case of Bitcoin we can only see ATH which is not possible in case of any other coin. It is true that those who buy bitcoins will be profitable but there may be some need some time.

All in all we are all happy about getting this Bitcoin ATH. Bitcoin will reach the desired goal of the investor. Most of those who invested in Bitcoin have now received their profits and those who invest in the future will also reach their goals. We might be able to see that 100k price very soon.

Your prediction is quite far from what other people are predicting the price of bitcoin to be in the next coming bull run which is expected to take place next year. If we are already on $72K even before the halving, then it is likely that we would exceed imaginations of many predicted value when the bull run comes. We should be predicting a range between $120K to $150K during this bull run if not more. I’m expecting a six figure value for the next all-time high of bitcoin and not the usual five figures.


I like the word UNREALIZED gains used to describe the all-time high value that bitcoin had hit with the holders and other bitcoin enthusiasts happy to see it reaching that price. It is really unrealized gain until it is been cashed out, without that, your profits will still be fluctuating at the current price it shows in the market whenever you check or wants to withdraw it.

I expect for more such topics through out this year and next year as well. Yeah, bitcoin is not going to stop here. USA may do 2 FED rate cuts this year as per equity market experts which may be the another reason why investors are eyeing gold and bitcoin right now. (For next year, there might be 5 more rate cuts if we have 2 within this year). Obviously halving is the known reason for new ATHs for next year and for this year ETF is playing its role.

Those who bought bitcoins above $60k levels got lucky as they were not needed to wait for 3+ years to get into profit zone as per usual bitcoin cycle. I expect gold like stable prices in near future which means we may not have stronger bearish markets like what we had in 2014/2018 and in 2022; similarly we may see ATHs in all 4 years in a bitcoin market cycle. This may slowly lead to stable prices for bitcoin few more halving.

I guess as at the time the post was made, the information was correct as the price of Bitcoin at the time of posting was a new ATH. $100k post halving is definitely a possibility that is not open for debate, the market is already building the momentum for a big move which will definitely not be to the down side. Many people are of the opinion that the halving will not immediately lead to such move but their reasons are not strong enough to deter Bitcoin from soaring upon the confirmation of the halving. At this point, it is pretty difficult knowing the extent to which the rise will go but I am confident it will go above $100k.

I do not see $500k in this current market cycle and it is best we set feasible targets. Bitcoin hitting $500k in this market cycle will mean a X7 rise and this is a stage I think we have passed because it will be practically difficult to realize in the same market cycle now that there are so many active big players. The current market cap of Bitcoin stand at $1.39T, a X7 rise in price will take it to $9.7T, this is unrealistic so I feel such will be possible in the future and not in this current market cycle. Do not forget that Bitcoin have made much of the expected gains already following the ETF approval. We must always consider this a factor when making projections regarding where we expect Bitcoin to be.

well it is not enough because the price reached 73k and above from your post and now sitting at 69-71k still and i think we will be topping at 100k before tasting the fall.
now there is a week before Halving means we need to cross that boundary before assuming that 500k and above.

Now we will see how the rate policy affects the price evolution, as yesterday's inflation data seems to have a negative impact and, of the 5 rate cuts that were expected for this year, only one is expected in September, but even that could come to nothing and we could go to a rate hike depending on how things go.

I think he means it’s the last time we get exponential price increases like we did in the past cycles. If we hit say $100K or $150K and we too and the cycle restart, on the following cycle we most likely won’t 3x the prior top of say $150K, which would put us at $500K. Just not enough market cap at the moment for that.

It will still increase in price as time goes on but most likely it will be a linear increase at a much smaller slope. Kind of how most stock markets trade. They pump during the IPO and then usually they start to peak slowly instead of suddenly.

I don't know why you're so sure this is the last bull? I agree with you that Bitcoin price is likely to reach 80-100k$ but I don't agree with you that this is the last bull.

In any case, I respect your point of view, but I do not think that this will be the last bull because the data in the market indicate the opposite. The data say that we are in a bull that is different from all previous cycles and that subsequent cycles will also be different and greater than all of the previous ones.

If BTC price can touch this level in the market, show that the future will be brighter than today, and those investors waiting for the price to touch $80k before they can sell will surely see the price before the half of this year. Predicting $100k before the end of this year, you can get it right because the green light is still standing to make the price to continue rising for the remaining hodlers to have full confident to see the $100k before they can sell to earn profits.

Since there are different predictions is coming from different experts to confuse those who don't carry out their research to know if their prediction will come to reality or not, but if you have it in mind that your prediction will come through no matter the sign of discouragement in the market, I guess you will succeed in your hodling in the future.

Bitcoin has crossed this limit too and has touched 72k$ but now again little dump move it to 71k$ again. Nobody has any idea about the future perhaps there occurs some correction and price goes down for sometimes but I think it will reach to the limit of 100k$ which will be a huge success for bitcoin.

Some dip and some pump will happen as continues growth is not possible which will eventually turn bitcoin into most acceptable currency all over the world. Reality about future is not possible to detect so investors should think by using their mind instead of having fear or greed in their minds.

Yeah. Bitcoin is the profits.

i.e. Take your profits in Bitcoin.

Yeah it is USUALLY used by people who don't like some specific asset to try to claim that people owning that asset haven't "really" made any money, as a way to make themselves feel better I guess that people are making so much money in an asset they stubbornly refuse to accept haha.

So yeah that kind of comment comes up online a lot in regards to Bitcoin since most people hate it due to lack of understanding. I guess the intent behind how people usually use the "unrealized gains" comment is to try to say "well surely your investment will crash forever and you'll still hold it so you won't actually ever get profit out of it" haha.

The whole point of long term investment is to AVOID locking in profits so that you can keep making unrealized gains, because if you're investing in a hard asset like Bitcoin, taking "profits" means losing out on more gains (unrealized or not) as time passes. Wealth is counted in total value, so: gains (unrealized or not), not profits. In risky investments (like random altcoins, meme coins, etc) yes you want to lock in profits at some point to realize short term gains, but thats because those are not good long term investments. Safe long term investments like Bitcoin its the opposite, you want to hold out on profits for as long as you can increase unrealized gains! So there is no point in trying to diminish unrealized gains as compared to profits, because the gains are what we want! Profits is simply when you decide to stop making gains and exchange an appreciating asset for a depreciating asset (fiat).

Yeah, and the reason I commented is because I've heard that argument quite often and it always bugs me.  If you're holding stock in a company that's going bankrupt and is headed toward zero (but you bought it for a much higher price), have you really not taken a loss if you haven't yet sold that stock?  No.

And you're correct about marking the value of assets for what they're worth at any given time and the billionaire thing.  Those billionaires aren't holding billions in cash.  Their net worth is basically mark-to-market accounting in action.

And oh sweet jeezus, please let bitcoin just hold steady.  That price chart is still giving me the willies.

Everyone is extremely happy for Bitcoin performance right now and for that alot of analyses have gone into play since Bitcoin has seen another great all-time high period like this, I guess those that will be at profit are those who are selling right now above the price they both it, but those that continue to hold,  will have a long way to go and will only be at virtual gains since the price of bitcoin can slide down again and they go back to previous position.

But with the current Bitcoin market pressure,  I think we are going to be seeing more and more bBitcoinprices that mark a steady all-time high as we go up until the next half happens since the resistance level has been broken by Bitcoin at this point.

We are already continuing "100 Push-Ups A Day Until Bitcoin Is $100K Challenge" the bull run unstoppable, push-up also.

Exactly haha. People don't consider asset appreciation as like fake gains until you sell it for fiat. That would be silly.
If that were the case most billionaires wouldn't be billionaires.

Unrealized gains at any given moment are the exact same thing as realized gains, you just hold them in different assets.

People trip themselves up when they try to be too technical haha

I'm happy that we have reached this point. It is something worth discussing about. It's definitely not gonna have the same impact as the news from before because I noticed that not a lot of people are getting asked what cryptocurrency is and stuff. It's more of "Oh it reached already ATH?" then proceeds not doing anything, at least this is what happened in my case.

nah they literally said retail can't participate. I'm not saying they won't change their mind in the future. But as currently designed it is to keep retail from participating, not getting them set to participate haha.

eg
if this rule were set in America, regular people wouldn't be able to buy the BTC ETFs, only accredited investors aka rich people

Definitely, regardless of the fact that Bitcoin has created a new act doesn't mean it's gonna continue increasing because it's obvious that at every new ATH that it creates, some investors would sell their Bitcoins as a result would lead to possible corrections as well but however, it is assumed that since it has gotten a new ATH, there is every tendency that the price would keep increasing till after the bull market of which a dip begins just like you stated that nothing goes up in value for long and this movements is exactly what keeps the market going.

That's technically true, and obviously it goes the other way with losses, but I think the nitpicking goes against the spirit of OP's post.  Know what I mean?

The title of this thread reminds me of that old one that goes something like "we are the new wealthy elite, gentlemen".  To that I say you'd better hope this new ATH isn't followed by an enormous crash, as has happened with bitcoin several times before.  It jumped a few thousand dollars in less than a day, and looking at bitcoin's price chart on CMC I get kinda nervous.  Granted, it's the king of crypto and probably will be for the rest of our lives....but nothing keeps going up in value like this for long:



Gadzooks!!

professional investors is the agents/brokers/sponsors..(the middlemen)
those guidelines for "professional investors" is the initiation process of starting to offer a ETF product
those brokers will then offer to sell shares to the public, but first there needs to be guidelines of procedure for all the AP's
(sponsors, trustees, agents, brokers)

EG
normal people in america do not buy directly from blackrock/grayscale. they buy from a broker(authorised participant)
its the broker(authorised participant) that buys sells baskets of shares from blackrock/grayscale
its a tiered system of middlemen

so relax. once the guidelines are set for the brokers.. then the normal people investing will come next

unless you sell its not profit.. its UNREALISED gains

News today providing this new ATH: Microstrategy bought another 12,000 bitcoin, and the UK is going to open up BTC products (ETFs) for its TradFi market, though only to professional investors.

But lol UK govt really only wants rich UK citizens to benefit from Bitcoin while leaving the average citizen out. Damn thats cold.

And just 2 hours after you  made this post, Bitcoin has just broken another New All-Time High of $72,214.7, as this could be seen in the image below, which is actually a good sign for all those who might have been HODLING on onto their coin all this whole without selling. As I'm very sure this recent Bull, Bitcoin is likely to hit either $80k or $100k



Henceforth , current Bitcoin All Time High is $72,214.7, which occured 11th of March 2024, time, 12:50p.m (i.e Nigerian time)