Topic: What is going to happen with Bitcoin now? - page 3. (Read 1014 times)

There is no logical reason to worry too much about recent Bitcoin price changes. Because if the Bitcoin price increases slightly, there may be a slight correction. Even if it goes below $60k, it is not a big problem. Moreover, it is not possible to predict that the price of Bitcoin will increase after the halving. But if you look at the events after the previous halving, it will be seen that the price of Bitcoin has increased after a long time. For the time being, the price of Bitcoin will remain between $60k to $70k for a long time and we may see its price rise from the last quarter of this year. Since Bitcoin is the most volatile currency, the price of Bitcoin can rise up or down more than expected level from time to time. In this case, the decision should be taken after careful observation before investment.

I'm not saying your opinion is wrong, but a mindset like yours is only very suitable for long-term investors. Of course, they are long-term holders who have essentially ignored short-term price volatility. Meanwhile, if you are a trader, price volatility will have an influence on the trading plan itself.

Short-term price volatility should not have a significant impact on the holder's long-term plans. In fact, I believe that holders are very likely to accumulate when the price drop a few percent at a time, which will clearly give them the opportunity to own more bitcoin before the price rises high. Halving can certainly help increase demand for bitcoin indirectly, but this takes a lot of time.

What you've just explained is clearly based on a logical value. I see no business between a long-term investor and volatility. My reason is because, long term investors are indirectly not affected by any current fall in price, as there is still a very big chance of price increase and even great profit as more demands and time goes bye.

Unlike a short-term investor that needs to stay updated with everything especially paying more attention to volatility, rumors and speculations. Failure to stay updated might cost the short-term investor alot as things can happen just in a blink of an eye.

nurilham

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There is no logical reason to worry too much about recent Bitcoin price changes. Because if the Bitcoin price increases slightly, there may be a slight correction. Even if it goes below $60k, it is not a big problem. Moreover, it is not possible to predict that the price of Bitcoin will increase after the halving.

Yes, it is just a normal correction. There should be a decrease after an increase. We already hits a new ATH before halving, it is normal if we have a big correction after halving. The Bitcoin price has dropped to $56k, now it is already raising a bit. Few days ago, Bitcoin price increased to $65k but it dropped again to $60k. I think the decrease is still reasonable, it is not dropping very drastically. Because Bitcoin price is still above $60k, we mustn't feel too worried if we set a target for a long term.

But if you look at the events after the previous halving, it will be seen that the price of Bitcoin has increased after a long time. For the time being, the price of Bitcoin will remain between $60k to $70k for a long time and we may see its price rise from the last quarter of this year.

It is true. After the halving, Bitcoin usually increased significantly again in the next few months. We can see this fact from the 3 previous halvings, all of them showed the same fact. If Bitcoin is in a sideway phase or in a decreasing phase, it is not really surprising because it happened in the previous halvings. We just need to be patient to wait for until the end of this year or until the next year.

BITCOIN4X

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Quote from: rodskee on May 13, 2024, 06:26:52 AM

There is no logical reason to worry too much about recent Bitcoin price changes. Because if the Bitcoin price increases slightly, there may be a slight correction. Even if it goes below $60k, it is not a big problem. Moreover, it is not possible to predict that the price of Bitcoin will increase after the halving. But if you look at the events after the previous halving, it will be seen that the price of Bitcoin has increased after a long time. For the time being, the price of Bitcoin will remain between $60k to $70k for a long time and we may see its price rise from the last quarter of this year. Since Bitcoin is the most volatile currency, the price of Bitcoin can rise up or down more than expected level from time to time. In this case, the decision should be taken after careful observation before investment.

I'm not saying your opinion is wrong, but a mindset like yours is only very suitable for long-term investors. Of course, they are long-term holders who have essentially ignored short-term price volatility. Meanwhile, if you are a trader, price volatility will have an influence on the trading plan itself.

Short-term price volatility should not have a significant impact on the holder's long-term plans. In fact, I believe that holders are very likely to accumulate when the price drop a few percent at a time, which will clearly give them the opportunity to own more bitcoin before the price rises high. Halving can certainly help increase demand for bitcoin indirectly, but this takes a lot of time.

justdimin

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in my experience, the halving effect sometimes occurs one year after the halving occurs, and it could happen in 2025. I am quite sure that the halving effect will push the price of bitcoin much higher, even beyond the ATH it had reached before the halving occurred.

but it can happen this year mate , because we have still 8 months after the halving meaning
we have plenty of time for this to see how would the market be affected of halving as i believe
there is bigger to come sooner or at least in 4th quarter of 2024.

Quote

However, the potential for bitcoin prices to reach $100k is still very large. If the price still doesn't rise, I think this is still an opportunity for us to increase the investment we currently have.

if you really believe that bitcoin will reach 100k then you don;t have to wait some time
instead buy it now while the price is very cheap and while we are waiting for the spike to the moon.

Yes, I believe that we have a lot of time until bitcoin price could go up, I feel like in about 5 months or so we are going to start seeing the price go up. We can't really make it change at all, we just need to make sure that we can do whatever we want to do during this period and won't get to see it go up a lot.

I mean it can go up a bit, like if it reaches 70k then I won't say it started, that is just recovering and that happens sometimes. I mean that huge increases, like going above 100k for example, all of that will probably start around October or so, and when that starts, like I mean the REAL bull run, then it will take a while to stop that, no matter how many bad news comes out, it will keep on going higher and higher during that period.

gunungkembar

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in my experience, the halving effect sometimes occurs one year after the halving occurs, and it could happen in 2025. I am quite sure that the halving effect will push the price of bitcoin much higher, even beyond the ATH it had reached before the halving occurred. However, the potential for bitcoin prices to reach $100k is still very large. If the price still doesn't rise, I think this is still an opportunity for us to increase the investment we currently have.

That's right, you can see the complete history of bitcoin price movements on coinmarketcap, there we can find out that every year after the halving there will usually be an increase in prices which is often called a bull run or altcoin season, many altcoin prices will increase, Bitcoin too will make a price increase but apparently getting to $100k is difficult to do. Maybe the price of Bitcoin will only reach a new ATH at $80k.

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There is no logical reason to worry too much about recent Bitcoin price changes. Because if the Bitcoin price increases slightly, there may be a slight correction. Even if it goes below $60k, it is not a big problem. Moreover, it is not possible to predict that the price of Bitcoin will increase after the halving. But if you look at the events after the previous halving, it will be seen that the price of Bitcoin has increased after a long time. For the time being, the price of Bitcoin will remain between $60k to $70k for a long time and we may see its price rise from the last quarter of this year. Since Bitcoin is the most volatile currency, the price of Bitcoin can rise up or down more than expected level from time to time. In this case, the decision should be taken after careful observation before investment.

Bitcoin current price is actually not worrying. But be worried when you keep on monitoring the market and you tend to miss the opportunity to invest while bitcoin price is still not so high. Because when bitcoin price makes an impressive increase, then you need to wait for several months again before you will see another dips.

However, price correction is inevitable in the market. You can’t expect for bitcoin price to keep growing up, but it will also have its time to drop low and experience some dips. So don’t be too paranoid with the current price, surely it will only be temporary.

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There is no logical reason to worry too much about recent Bitcoin price changes. Because if the Bitcoin price increases slightly, there may be a slight correction. Even if it goes below $60k, it is not a big problem. Moreover, it is not possible to predict that the price of Bitcoin will increase after the halving. But if you look at the events after the previous halving, it will be seen that the price of Bitcoin has increased after a long time. For the time being, the price of Bitcoin will remain between $60k to $70k for a long time and we may see its price rise from the last quarter of this year. Since Bitcoin is the most volatile currency, the price of Bitcoin can rise up or down more than expected level from time to time. In this case, the decision should be taken after careful observation before investment.

Nrcewker

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No one can say which direction the price will go. All we can say here is what affects the price of the coin. I meant we have not seen any high ups after the halving but this doesn’t mean Bitcoins will keep on decreasing. This is just the price correction I must say. The price goes up basically when the demand to accumulate the coin among the trader increases. Currently the demand is not so high, hence treat this as an opportunity and buy the coin for cheap. The price might soon go up anytime, as it fell below 60k usd.

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in my experience, the halving effect sometimes occurs one year after the halving occurs, and it could happen in 2025. I am quite sure that the halving effect will push the price of bitcoin much higher, even beyond the ATH it had reached before the halving occurred. However, the potential for bitcoin prices to reach $100k is still very large. If the price still doesn't rise, I think this is still an opportunity for us to increase the investment we currently have.

I think the market is doing excellently well as it's now even though many think price is down. To be honest, I expected that price would dip to the low $50k region. Well, it's still not over on that yet. It could relapse to that level, we never can conclude yet that it won't because there's a correction to that side. Your observation of a new ATH coming around a year after halving isn't far from the truth. For those who expect immediate spike and continuous rise in price after halving, it doesn't work that way.

rodskee

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Quote from: bangjoe on May 12, 2024, 07:58:56 AM

in my experience, the halving effect sometimes occurs one year after the halving occurs, and it could happen in 2025. I am quite sure that the halving effect will push the price of bitcoin much higher, even beyond the ATH it had reached before the halving occurred.

but it can happen this year mate , because we have still 8 months after the halving meaning
we have plenty of time for this to see how would the market be affected of halving as i believe
there is bigger to come sooner or at least in 4th quarter of 2024.

Quote

However, the potential for bitcoin prices to reach $100k is still very large. If the price still doesn't rise, I think this is still an opportunity for us to increase the investment we currently have.

if you really believe that bitcoin will reach 100k then you don;t have to wait some time
instead buy it now while the price is very cheap and while we are waiting for the spike to the moon.

OrangeII

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in my experience, the halving effect sometimes occurs one year after the halving occurs, and it could happen in 2025. I am quite sure that the halving effect will push the price of bitcoin much higher, even beyond the ATH it had reached before the halving occurred. However, the potential for bitcoin prices to reach $100k is still very large. If the price still doesn't rise, I think this is still an opportunity for us to increase the investment we currently have.

aylabadia05

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Quote from: aylabadia05 on May 11, 2024, 02:14:04 AM

Yes, usually people who say that why is bitcoin different this time, after halving there is even a decline, basically every cycle does not run the same, or move the same as the previous time, but bitcoin repeats a new ATH every cycle even though it is not on the same day, month or hour as the previous year, many people are mistaken with the sentence so they don't understand how to respond to the reality of the bitcoin cycle.

This year's fourth Bitcoin halving. This means that the previous Bitcoin halving is an example or illustration of how the market works. If we look at the difference between the previous Bitcoin halving and this fourth Bitcoin halving, we can increasingly get an idea of what market fluctuations are.
It is difficult to convince those who are too short-sighted that Bitcoin did not increase after the halving occurred.

X-ray

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current market is weak and I don't know what exactly the reason, but talking about sentiment, the market of bitcoin or cryptocurrencies as a whole has been weak in general anyway when it comes to month may, sentiment always so bad with this month.

good thing is that there's probably gonna be news about ETF approval of altcoin which is ethereum, bad news is that the news is probably just a disapproval since its pretty pessimistic right here.
i guess its probably as many speculators are saying based on them reading chart and make proper comparation with the previous of chart we are just in a bear trap.
the bullrun will soon come once the market starting to pick up.
but honestly, holding has always been like this, so much mental pressure when the market just seem like on the brink of massive dump.
but usually the result will be different than what we are expecting, like sudden rally out of nowhere after bear trap.

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Quote from: Adbitco on May 11, 2024, 06:24:04 PM

Quote from: _BlackStar on May 12, 2024, 04:45:46 PM

Yeah, I still don't see anything too serious happening, although bitcoin has corrected in the past 1 month, the bitcoin price is still high and not too far from the ATH it created before. As a bitcoin investor, we all know that bitcoin is very volatile and compared to previous dumps, this correction is small, insignificant. But I don't understand why the OP thinks it's serious.

I guess before investing, OP did not carefully learn about the history and volatility of bitcoin and he mistakenly thought that the bull season would come immediately after the halving. Currently, he is feeling disappointed and depressed because things are not going as he thought.

But whatever, OP, we are getting very close to bull season, I hope you can get through this period, don't give up now if you don't want to regret it later.

I don't think is normal for someone to just invest in bitcoin before halving and expect to make serious profits after halving because bitcoin is not a ponzi scheme where someone could invest and expect 10x of it within few month or for just the first month of their investment. As an investor he must learned to be patient and wait till the we gradually sink into the bull run, then could sell as he wishes if he is not holding for long term other than short term. Most time people who invest in short term always feels disappointed towards the overall performance of bitcoin.

The get-rich-quick ideology mostly comes from newbies and I think OP is also one of them. The fact that they have never experienced any price increases before and do not have too much experience in the market, we can sympathize with them. Perhaps he was disappointed because things did not turn out as he expected, but this will be a lesson for him to grow up and have a more correct view of bitcoin.

Personally, I will not criticize newbies because I was once like them and I think give them more time, the market will help them mature the way we have matured.

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My expectations for BTC is that the price would likely go up towards the ATH rather than get epically dumped to say, 30k to 40k regions. So I expect the price to grind slowly towards the $73K ATH and possibly make the move to $100K but anyone that is expecting the price to move 5-10x from this price zone is simply setting themselves up for disappointment because there needs to be an influx of liquidity on the other side to back that kind of price growth.

Adbitco

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Quote from: Adbitco on May 11, 2024, 06:24:04 PM

Quote from: Adbitco on May 11, 2024, 06:24:04 PM

-snip-

I don't think is normal for someone to just invest in bitcoin before halving and expect to make serious profits after halving because bitcoin is not a ponzi scheme where someone could invest and expect 10x of it within few month or for just the first month of their investment. As an investor he must learned to be patient and wait till the we gradually sink into the bull run, then could sell as he wishes if he is not holding for long term other than short term. Most time people who invest in short term always feels disappointed towards the overall performance of bitcoin.

It is impossible to expect 10x profits in a few months from investing in bitcoin - it is a dream that never comes true. Many early investors make huge profits after they hold bitcoin for a few years - while new investors only expect to get it in a few months, which is clearly bullshit.

Futures trading may be useful for those with big ambition - but the risk of futures trading is losing all your money when the market fluctuates rapidly. The higher the leverage set, the higher the risk of loss - so this is not the best investment advice for anyone.

Absolutely what you said is true, but only for those early investors who doesn't have patient to hold for long periods due to their eagerness to make quick profits. Anyone whoever think of taking quick profits never always ends up losing their precious assets at the name of trying to be smart knowing to well that bitcoin requires long term holdings than short terms.

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Quote from: bangjoe on May 12, 2024, 07:58:56 AM

-snip-

I don't think is normal for someone to just invest in bitcoin before halving and expect to make serious profits after halving because bitcoin is not a ponzi scheme where someone could invest and expect 10x of it within few month or for just the first month of their investment. As an investor he must learned to be patient and wait till the we gradually sink into the bull run, then could sell as he wishes if he is not holding for long term other than short term. Most time people who invest in short term always feels disappointed towards the overall performance of bitcoin.

It is impossible to expect 10x profits in a few months from investing in bitcoin - it is a dream that never comes true. Many early investors make huge profits after they hold bitcoin for a few years - while new investors only expect to get it in a few months, which is clearly bullshit.

Futures trading may be useful for those with big ambition - but the risk of futures trading is losing all your money when the market fluctuates rapidly. The higher the leverage set, the higher the risk of loss - so this is not the best investment advice for anyone.

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The price is likely to rise in the remainder of the year to over $100,000, so there is no need to be nervous or despair when there are downturns.

Yes, usually people who say that why is bitcoin different this time, after halving there is even a decline, basically every cycle does not run the same, or move the same as the previous time, but bitcoin repeats a new ATH every cycle even though it is not on the same day, month or hour as the previous year, many people are mistaken with the sentence so they don't understand how to respond to the reality of the bitcoin cycle.

The fact is that we cannot be entirely sure what will happen, although based on past cycles we can get an idea of what is most likely to happen. Therefore it is best not to despair, we are at normal price levels that are in line with previous cycles.

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Quote from: aylabadia05 on May 11, 2024, 02:14:04 AM

Quote from: bangjoe on May 10, 2024, 12:11:51 PM

Quote from: aylabadia05 on May 10, 2024, 02:42:40 AM

Maybe if we look at the weekly or monthly time frame we can see a bigger out look in seeing the price movement of bitcoin, for sure we have passed the highest ATH limit in 2021, and now we are forming support to continue the increase after the formation of a new ATH, this could potentially go up before 2025, or we will finish it in 2025.

We who choose to become a holder of many benefits from various circumstances and long -term investors will not face a panic situation when they see market conditions even though they can only speculate on weekly and monthly prices.
When people are in market conditions that are considered to have decreased after Halving, they forgot that before Halving occurred several times Bitcoin had passed the previous ATH.
Yes. The current position of the market is looking for new support to reach strong bullish. May occur in 2025.

Quote from: bangjoe on May 10, 2024, 12:11:51 PM

Patience is the key to investing, but continue DCA or collecting bitcoins slowly on every dip.

Yes. DCA has always been the recommended method for collecting Bitcoin consistently.

Yes, usually people who say that why is bitcoin different this time, after halving there is even a decline, basically every cycle does not run the same, or move the same as the previous time, but bitcoin repeats a new ATH every cycle even though it is not on the same day, month or hour as the previous year, many people are mistaken with the sentence so they don't understand how to respond to the reality of the bitcoin cycle.

yes we have experienced a much better increase starting from the beginning of this know, if we are people who save from the beginning of 2022, corrections like this are not a big problem and of course we will not feel panic with market movements that are quite volatile, it's just that some people don't understand the characteristics of the bitcoin market that make the impression on bitcoin bad.

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