Topic: New ATH hit. Anyone, ever bought BTC, is now at profit. Welcome to fraternity... (Read 330 times)

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)