I really doubt we are breaking the ATH this summer.
That is what "they" would like you to believe.
After the election we might get some up significant movement but at the moment demand just isn't there or maybe supply is just insatiable. I’m thinking supply and I'm convinced there is a lot of paper bitcoin being printed at the moment.
In the meantime just DCA.
You could be correct with the implication that the various spot ETFs are not really buying bitcoin as the numbers claim to show, but that would seem to be pretty risky in several regards in terms of some actual squeezes that could end up happening, actual laws, actual credibility with the public to go down such road, and perhaps other reasons too..
I have my doubts about whether those spot ETF coins are paper bitcoin for more than a week of float at most...... but sure maybe a week of float could be enough to manipulate or even trick actual holders to give up their coins. Perhaps? perhaps?
In other words, I am thinking that those spot ETF twats have to actually buy the bitcoin that they claim to have, and they have to get them from somewhere and in the end, it most likely must be that holders are actually selling their coins.. and at the same time it seem that the selling of bitcoin can ONLY last for so long.. so I don't know.. there surely can be some questions about the ways that some kind of paper bitcoin manipulation could be taking place, how sustainable such manipulation could be and how long such downity manipulation could ongoingly be able to be taking place
(which maybe just is another way of asking how sustainable it might be).
[edited out]
You really got me cracking with that last part, "in the main time just DCA".
But is it even possible that the elections are affecting the price value at the moment, or are politicians pulling out supply to invest in the forthcoming elections in the U.S, since you rightly said supply is insatiable at the moment. However my question is, how impactful can the elections be on the price fluctuation?
Elections seem to be a lame distraction (as somac has also mentioned in his responding post), so I have my doubts regarding how much "elections" correlate with BTC price movements, even if elections might not be completely detached from BTC price movements, they probably are not as central as some folks might be emphasizing them as being.
Fck those bulltards on X.
There is currently no such thing as a bull market.
Why so frequently do you come off as so confused Paashaas? Like you are not even understanding how bitcoin works, you are overly anxious and just ongoingly preoccupied about if you might get some opportunities to buy bitcoin for lower prices, though surely you probably did end up selling too many BTC too soon.. was it in the upper $20ks? or perhaps in the lower $30ks.. or alternatively (and maybe more likely) was it that you failed/refused to actually buy bitcoin rather than ongoingly waiting for lower BTC prices that did not end up coming .. were you one of those waiting for $10k-ish in late 2022/early 2023? sucks to be you, no?
For anyone confused, we have been in a bull market since November 2022 - even though we might not have known that we were in such bull market until either mid-2023 or maybe not until October 2023, but yeah, some folks do not even realize that we are and/or have been in a bull market for such time - and even get confused about corrections and/or consolidations that take place, even during a bull market - even though even in recent times (since the end of February) BTC daily trade-weighted prices have been in the top 100 days of bitcoin price performance.
There were ONLY a few days since late February that BTC prices actually fell out of the top 100 of those daily weight-traded prices, so I am having troubles figuring out why some folks consider a failure to go up further as if we got knocked out of the bull market. Failure (or delay) to go up surely is not enough of a justification to drop us out of our current bull market.
On the other hand, if we get within 20% of the 200-WMA and perhaps stay there for a while, there may be some need to re-think the matter of whether we might have had fallen out of our current bull market.
Fck those bulltards on X.
There is currently no such thing as a bull market.
Are we on X? Nope.
Screw those 'beartards' on WO, though.
That said, @Paashaas is probably affected by bad weather.. rain and 14oC
Some warm sunny place might be what the proverbial Dr ordered.
We have a Bull market since $15.7K..bear (a local one!) would start at a sustained move below $59k (80% of ATH of 73.75K).
I am not sure if sustained below $59k would be enough to knock us out of our current bullmarket, but yeah sure, sustained below $59k surely would be more indicative of the possibility of getting knocked out of our current bullmarket, as compared with our currently mostly bouncing between $60k and $70k for the past 4-ish-months... .
If you really consider the matter, 4-ish months bouncing mostly in a range of $60k to $70k is hardly even anything to write home to mom about. I am not even proclaiming that I want more. We got ourselves around a 2.5x uppity from the doldrums we were in much of 2023.. and that is like a stair-step up that is likely not going to end up allowing those who missed it to get back in for the prices that they could have had through much of 2023.. and surely even the more fortunate ones were able to buy into bitcoin (or buy back into bitcoin) during a relatively short window of sub-$20k prices in mostly late 2022..
Yet there were a lot of scared folks during those times (mid-to-late 2022 and even into early to mid 2023).. which was reasonable given the various uncertainties about the extent to which negatively spiraling cascading events would continue to play out in those times. I am not even proclaiming that I personally was in a position to benefit greatly from those mid-to-late 2022 times, and I largely held my own during those times and accumulated BTC in mostly whimpy DCA kinds of ways since I had largely run out of money by the time the BTC prices got down to the lower $20ks and more so when it got below $20k.. though I continued to buy with some hesitancies about not wanting to spend my whole wadd (of whatever I did have remaining).. so I had to mostly be judicial in my own purchasing of BTC during that time, even though in the whole scheme of things (even though maybe I could reasonably categorize myself as mostly a maintainer during those times), I did end up buying a few extra corn during those times too. .but they were not large amounts since I largely did not have large amounts of extra cash to buy more during those times.
