Will the new Bitcoin ATH attract a lot of new investors ?

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Quote from: krishnaverma on October 31, 2024, 11:16:24 PM

Will the new Bitcoin ATH attract a lot of new investors ?

Speculation shows and it is generally known that the Bitcoin price increases, growth and confidence for investors increases, they show their trust in crypto money assets quite widely, both locally and internationally, This behavior is common when Bitcoin price continues to rise, especially when it exceeds a new ATH.

Added to this, with several major crypto assets experiencing a surge, this could also affect investors' high confidence in the impact of the crypto market prospects when viewed in general and as a whole, As we can see, the bullish trend is starting to become active and this is a sign that investors' strengthening of Bitcoin is increasing, of course this will invite new investors to believe in crypto assets at this time.

What's more, currently the interest rate cut and the increase in Bitcoin prices will provide opportunities and open up space for investors to invest by choosing alternative paths such as current crypto assets and also other factors such as interest in Bitcoin ETFsmakes investors think long and hard whether in trading or investing.

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Quote from: krishnaverma on October 31, 2024, 11:16:24 PM

Bitcoin is very much near its all time high and can break it in few days. Do you think that when it crosses the all time high, it will be all over the news and lot of new investors will start investing in bitcoin ?What will be the impact of this behavior on crypto market in general ?

When more and more people are talking about Bitcoin touching a new ATH, it will prove to those who have made negative opinions about Bitcoin assets that their opinions are wrong. They should see how Bitcoin's price grows every year to be able to judge whether Bitcoin is worth investing in or not.
Achieving a new ATH will always make good news that will attract new investors. But after that when there is a fairly deep price drop, we will see some investors let go of their Bitcoin with regret. we must realize that not all investors who enter Bitcoin are experienced investors. Some of them are just consumed by FOMO. Without knowledge putting their money in Bitcoin, is a mistake.

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Quote from: krishnaverma on October 31, 2024, 11:16:24 PM

Bitcoin is very much near its all time high and can break it in few days. Do you think that when it crosses the all time high, it will be all over the news and lot of new investors will start investing in bitcoin ?What will be the impact of this behavior on crypto market in general ?

Bitcoin already reached its all-time high and now the price is stable at the 90K level. the next target price is 100K maybe it can reach at the end of the year or atleast the Q1 of 2025. Will the new Bitcoin ATH attract a lot of new investors ? the answer is yes because once again that bitcoin already proven itself as a digital gold or atleast asset that can grow and act as inflation hedging.

It will be all over the news and I saw that Bitcoin ETF inflow is big currently.

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Quote from: Rampagoe004 on November 10, 2024, 09:50:35 AM

Today Bitcoin has reached a new ATH this news has made headlines on crypto developments. After these 2 days the price of bitcoin continues to rise, there must be encouragement from several new investors who have entered which influences the price to continue to rise. Every time there is an ATH, the altcoin market price will also be noisy following bitcoin price movements.
I think there are many investors who are selling bitcoin today and many large investors are also entering to buy up bitcoin. The beginning of this month saw a price spike in bitcoin and other altcoins. Let's see what other surprises will happen to Bitcoin at the end of November.

It's a fact my friend, but you're absolutely right, and I see that many people are claiming that by the end of the month the $100k goal will be met, wow that's a huge number and it would be great if it could happen, the truth is I haven't seen much or measured the volume, I only know that it has risen a lot after Trump won, and that alone gives me great hope to see that if BTC reaches $100k this year it will be a great year for everyone, I hope so, there are many good expectations, but we must also remember that every market needs corrections, we cannot lose hope if the correction is strong, we must have faith, in fact many did not expect this rebound.

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Quote from: krishnaverma on October 31, 2024, 11:16:24 PM

Bitcoin is very much near its all time high and can break it in few days. Do you think that when it crosses the all time high, it will be all over the news and lot of new investors will start investing in bitcoin ?What will be the impact of this behavior on crypto market in general ?

Bitcoin has already started a bull run. Maybe soon we'll see 100k at any time. Even this November it is possible. Bitcoin is up about 6 percent today and has gained about 23.5 % over the past 7 days. Where the expected bull run had been waiting for years, just one election result could change everything.

Currently, new bitcoin all time high is being created every moment. Bitcoin price could hit 90K in next 24 hours. When talking about financial markets there is bound to be discussion about Bitcoin. Conscious people of the world are now considering Bitcoin as one of the areas of investment and financial transactions. Bitcoin is becoming more and more attractive to the general public by constantly making it all time high. Since then the number of investors has increased tremendously and continues to that extent.

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Quote from: Rampagoe004 on November 10, 2024, 09:50:35 AM

Quote from: krishnaverma on October 31, 2024, 11:16:24 PM

Bitcoin is very much near its all time high and can break it in few days. Do you think that when it crosses the all time high, it will be all over the news and lot of new investors will start investing in bitcoin ?What will be the impact of this behavior on crypto market in general ?

Today Bitcoin has reached a new ATH this news has made headlines on crypto developments. After these 2 days the price of bitcoin continues to rise, there must be encouragement from several new investors who have entered which influences the price to continue to rise. Every time there is an ATH, the altcoin market price will also be noisy following bitcoin price movements.
I think there are many investors who are selling bitcoin today and many large investors are also entering to buy up bitcoin. The beginning of this month saw a price spike in bitcoin and other altcoins. Let's see what other surprises will happen to Bitcoin at the end of November.

Whenever Bitcoin do hit up a new all time high then it will be normal that it would really be having that spread of news into this even on which this is really that indeed getting that more attention including into those
people who dont know on what Bitcoin is or simply with cryptocurrencies on which this is really that indeed a good news. There would really be those individuals who do really ends up on having that kind of hesitation on the time or moment that they've seen something new online but well whenever there's hype then interest and recognition do really increases out and this is something that would really be inevitably happen.
Doesnt matter on Bitcoin on ATH or not on which recognition and adoption is really that on the move. For personal point of view into those people who do make out some consideration on making some investment while its still low or cheap in price then you will really be that definitely be having that good chance on making profits when bull market happens.

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Quote from: JeffBrad12 on November 09, 2024, 09:25:50 PM

Quote from: tabas on November 09, 2024, 03:23:09 AM

This is what I have read in some random analysis as well. We need some way to push the prices to go and breach and go above the $80k price. Like some new factors that will make people buy Bitcoin. Maybe not this time but some of the other speculation that I have seen, let's wait until Trump gets into the office.

I think the only thing that could help BTC breakthrough $80k really fast is just institutional investors adoption, like new investors coming in to bitcoin space is great and all but the big money largely coming from these institutional investors.

And we've just crossed that and have seen $81k in less than a day. That's really quick and whoever are the ones pushing it to that top, they could be the institutional investors. But I won't forget about the retails and people like us that keeps on accumulating and gives some force to what's happening now.

Quote from: JeffBrad12 on November 09, 2024, 09:25:50 PM

though I personally just feel like even without the presence of new passed law relating to bitcoin and new investor coming in BTC can just go up really high, because the whales just keep accumulating BTC until now, I guess their target is somewhere around $100k. bitcoin is already strong even without any support. only matter of time until the smaller countries will legalize bitcoin as well.

Definitely, they're there to help with whatever laws or in favor of the government that will push the price of Bitcoin. But even without that, I'm more dependent to the effect of halving and the rewards that the miners are getting are being forgotten and not credited to what they do on this market. All we think about pushing the price should be credited to the institutions, they do and I am not disagreeing with that but let's also look to the silent heroes.

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Quote from: krishnaverma on October 31, 2024, 11:16:24 PM

Bitcoin is very much near its all time high and can break it in few days. Do you think that when it crosses the all time high, it will be all over the news and lot of new investors will start investing in bitcoin ?What will be the impact of this behavior on crypto market in general ?

Today Bitcoin has reached a new ATH this news has made headlines on crypto developments. After these 2 days the price of bitcoin continues to rise, there must be encouragement from several new investors who have entered which influences the price to continue to rise. Every time there is an ATH, the altcoin market price will also be noisy following bitcoin price movements.
I think there are many investors who are selling bitcoin today and many large investors are also entering to buy up bitcoin. The beginning of this month saw a price spike in bitcoin and other altcoins. Let's see what other surprises will happen to Bitcoin at the end of November.

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Quote from: PX-Z on November 09, 2024, 07:01:20 AM

Quote from: krishnaverma on October 31, 2024, 11:16:24 PM

Bitcoin is very much near its all time high and can break it in few days. Do you think that when it crosses the all time high, it will be all over the news and lot of new investors will start investing in bitcoin ?

Probably yes, or just old users who stop investing will be back to hold or or just existing users will buy additional to stack their holdings.
This bullish hype will stay until january or so after Trump officially go to office as President and with his speech probably he will mentioned bitcoin to it and that will bring another hype in the space.

Absolutely, the market is already bullish as the price touched $80k today which is to show that investors are busy buying and adding more bitcoins to their stash, so hopefully everyone is basically waiting till when Donald Trump assumes office in January then his activity and inauguration speech will also make a headline. If his speech is still positive with bitcoin and cryptocurrency, then the price of bitcoin will be very bullish at least within the first and second quarter of 2025, after which short term profit takers may sell their bitcoin and the market start experiencing some corrections.

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Quote from: Richbased on November 09, 2024, 06:28:36 AM

Every ATH sure attracts new investors because it reaffirms their level of confidence in bitcoin. You know, a lot of people still have doubts if the price of bitcoin can achieve to a certain degree of milestones, so at every time a new ATH is created, it becomes a news and people like following news and trends, and due to FOMO they will begin to invest massively with the mentality that the price will keep soaring higher. It's just obvious that so many people like seeing results before they can trust a process and that is exactly why whenever bitcoin hits a new ATH, more investors come in.

We are not yet seeing any fomo, the current movement of Bitcoin is because of the win that went to Donald Trump way, when the fomo is going to kick in is when Bitcoin pass $100,000. When it does that, there will be panic in the entire industry as people will not want to miss out without knowing they have already missed and if they had invested before now that they would had been in a good profits. The lucky ones might still make profits but they have to be smart to avoid getting sold to at the top and left hodling. The price of Bitcoin is still going to rise more but we should be careful as over optimistic predictions will start coming out and when we believe them without using our senses, we will be left buying at the top and then the market will start to fall.

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Quote from: tabas on November 09, 2024, 03:23:09 AM

This is what I have read in some random analysis as well. We need some way to push the prices to go and breach and go above the $80k price. Like some new factors that will make people buy Bitcoin. Maybe not this time but some of the other speculation that I have seen, let's wait until Trump gets into the office.

I think the only thing that could help BTC breakthrough $80k really fast is just institutional investors adoption, like new investors coming in to bitcoin space is great and all but the big money largely coming from these institutional investors.

though I personally just feel like even without the presence of new passed law relating to bitcoin and new investor coming in BTC can just go up really high, because the whales just keep accumulating BTC until now, I guess their target is somewhere around $100k. bitcoin is already strong even without any support. only matter of time until the smaller countries will legalize bitcoin as well.

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Of course, many who do not know how this bitcoin thing works will want to get in because they say they want to make money with bitcoin and the only way to earn is by buying bitcoin, and they buy and it is the only way they buy because when bitcoin is cheap they do not buy because they say that is not true, it will not go up and they make up many excuses, like now bitcoin is in the news there they will get in because they want to participate and be winners, it does not matter how high it goes up as long as they say that they have bitcoin or some bitcoin, that is how many people who do not know much think.

In this article they give a good point of view:

Quote

Additionally, BTC ETFs shattered records with massive inflows, just a day after the election results. This has given retail investors a strong foothold as they view the current price as a high-risk, high-reward dip.

With big institutions betting on BTC’s future, it may be a sign that a bullish weekend is ahead. Right now, BTC is expected to hold steady within the $74k—$78k range.

If this momentum holds, BTC may hit $80k by the end of November’s final trading days. This can be confirmed a different set of bullish factors too.

original source:https://ambcrypto.com/bitcoin-vs-ethereum-heres-why-raoul-pal-is-backing-eth-in-a-post-election-race/

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Quote from: krishnaverma on October 31, 2024, 11:16:24 PM

Bitcoin is very much near its all time high and can break it in few days. Do you think that when it crosses the all time high, it will be all over the news and lot of new investors will start investing in bitcoin ?

Probably yes, or just old users who stop investing will be back to hold or or just existing users will buy additional to stack their holdings.
This bullish hype will stay until january or so after Trump officially go to office as President and with his speech probably he will mentioned bitcoin to it and that will bring another hype in the space.

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Quote from: krishnaverma on October 31, 2024, 11:16:24 PM

Bitcoin is very much near its all time high and can break it in few days. Do you think that when it crosses the all time high, it will be all over the news and lot of new investors will start investing in bitcoin ?What will be the impact of this behavior on crypto market in general ?

I assume that 1st, bitcoin should overcome the 1st psychological level (and historical maximum) of $80k. After overcoming this mark, bitcoin will undoubtedly attract the attention of new users (buyers), but the real commotion will begin after $100k. It is after this mark that the real "heat" on the cryptomarket will begin. This is the figure that should appear in all news feeds and "accelerate" BTC-price to $120-150k (or maybe a little more).

Bitcoin's impact of overcoming a new historical maximum can be expressed in one word - new hype.

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Every ATH sure attracts new investors because it reaffirms their level of confidence in bitcoin. You know, a lot of people still have doubts if the price of bitcoin can achieve to a certain degree of milestones, so at every time a new ATH is created, it becomes a news and people like following news and trends, and due to FOMO they will begin to invest massively with the mentality that the price will keep soaring higher. It's just obvious that so many people like seeing results before they can trust a process and that is exactly why whenever bitcoin hits a new ATH, more investors come in.

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We've seen it passed the other ATHs and it's all over the news. But what's more that had made news and noise all over the media and in the internet is about how Trump won the election.

Quote from: STT on November 08, 2024, 06:58:09 PM

We have no prior trades or volume resistance in this area, the value is unexplored and likely far less loaded with various sell orders etc. that might impede BTC normally. People will cling to the round numbers like 80,000 in dollars for a place to sell or take profits, but even that is weak and flimsy compared to the old ATH resistance level.

This is what I have read in some random analysis as well. We need some way to push the prices to go and breach and go above the $80k price. Like some new factors that will make people buy Bitcoin. Maybe not this time but some of the other speculation that I have seen, let's wait until Trump gets into the office.

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The difference being in this area to normal would be like an icebreaker cruiser progressing through icepack and through clear water. We have no prior trades or volume resistance in this area, the value is unexplored and likely far less loaded with various sell orders etc. that might impede BTC normally. People will cling to the round numbers like 80,000 in dollars for a place to sell or take profits, but even that is weak and flimsy compared to the old ATH resistance level.

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Quote from: krishnaverma on October 31, 2024, 11:16:24 PM

Bitcoin is very much near its all time high and can break it in few days. Do you think that when it crosses the all time high, it will be all over the news and lot of new investors will start investing in bitcoin ?What will be the impact of this behavior on crypto market in general ?

I’m sure you’re also observing what’s happening in bitcoin market, bitcoin rising over night making things look more interesting and surprising. Bitcoin all time high will definitely create a hype, new or old adopters always come and go so there’s nothing special rather the difference concerning bitcoin hype always lead to high expectations from my observation people now confidently predict due to ATH season. There’s always a negative impact mostly newly investors who buy at a high price and sell very low meanwhile those who invested earlier will make profit.

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It would be weird to blame Bitcoin since it has no brain and no will to cause harm or to make happy anyone. But maybe they would blame its community since they push people to invest, even beginners when the ATH is already reached and even exceeded.

That said, I hope a big bull run will happen nonetheless.

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Quote from: krishnaverma on October 31, 2024, 11:16:24 PM

Bitcoin is very much near its all time high and can break it in few days. Do you think that when it crosses the all time high, it will be all over the news and lot of new investors will start investing in bitcoin ?What will be the impact of this behavior on crypto market in general ?

This will create another hype, that’s for sure. New investors will rush to invest into bitcoin again hoping that the price will consistently go up and that they can ride with the hype and be in profits. And when bitcoin price suddenly drops down, since these people invest without sufficient knowledge, they will put the blame again into bitcoin and claim it as a big scam when they start seeing losses from their investment.

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