Will the new Bitcoin ATH attract a lot of new investors ? - page 2.

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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.

Richbased

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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.

tabas

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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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Quote from: aylabadia05 on November 08, 2024, 03:24:46 PM

Quote from: BITCOIN4X on November 04, 2024, 01:48:48 PM

People will always buy and sell bitcoins regardless of the price. Investors' interest in bitcoin will increase at any time and I also cannot deny that sometimes the increase in interest is also caused by people who are afraid of missing out. They buy at high prices (around the ATH) just because they want to get a return due to a big increase, but of course the amount is not comparable to those who so far already have bitcoin in their portfolio.

After breaking through $73,600 a few days ago, today we have discovered the fact that the price of bitcoin has fallen back to $67,200. The correction is underway and I'm not sure when it will stop, even after bitcoin lost $6000 from its highest price in a few days. Market recovery cannot be expected following the approaching US election, I think the current market conditions are closely related to the election.

In fact, after the presidential election was over, the price of bitcoin shot up sharply and a new ATH was already hit. Many people believe that Trump's victory is good news for bitcoin, of course this is all because of what he has promised to the community. If Trump is willing to do whatever he has promised, then it is very possible for bitcoin to double its price from now.

Talking about price, currently the price of bitcoin is $76.5k and its highest price is at $77k. It is very possible for bitcoin to hit $80k in the near future if this upward trend continues to be maintained. In fact, I increasingly agree with the prediction that $100k will be reached by the end of the year.

With regards to the price, yes, as soon as Trump was officially declared as the winning, we have a new all time high and for sure everyone is very elated to see the price going on a parabolic rise. It could be that some Bitcoin enthusiast though in the US doesn't want Trump to win, but I guess they can't do anything about it but to accept the fact that majority voted for him.

As for attracting new investors, yeah, this has been like a normal reaction. People FOMO because of a big news like this, and this has happened in the bull run in 2017 and around late 2020 as well if I remember it correctly. It's because they are thinking that the price could hit more than $100k in the future in this bull run. And with that many noobs are going to easily get attracted with the potential profit (but small).

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Quote from: BITCOIN4X on November 04, 2024, 01:48:48 PM

People will always buy and sell bitcoins regardless of the price. Investors' interest in bitcoin will increase at any time and I also cannot deny that sometimes the increase in interest is also caused by people who are afraid of missing out. They buy at high prices (around the ATH) just because they want to get a return due to a big increase, but of course the amount is not comparable to those who so far already have bitcoin in their portfolio.

After breaking through $73,600 a few days ago, today we have discovered the fact that the price of bitcoin has fallen back to $67,200. The correction is underway and I'm not sure when it will stop, even after bitcoin lost $6000 from its highest price in a few days. Market recovery cannot be expected following the approaching US election, I think the current market conditions are closely related to the election.

In fact, after the presidential election was over, the price of bitcoin shot up sharply and a new ATH was already hit. Many people believe that Trump's victory is good news for bitcoin, of course this is all because of what he has promised to the community. If Trump is willing to do whatever he has promised, then it is very possible for bitcoin to double its price from now.

Talking about price, currently the price of bitcoin is $76.5k and its highest price is at $77k. It is very possible for bitcoin to hit $80k in the near future if this upward trend continues to be maintained. In fact, I increasingly agree with the prediction that $100k will be reached by the end of the year.

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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 ?

Two approaches exist in the world of investments, which are conservative and aggressive, and with my knowledge of retail investors, the two are rampant with them, so if Bitcoin breaks the current ATH, yes, enough retail investors will invest their money, this is particularly true when hypes and market excitement prompt them to do so.

But institutional investors think differently, they are mostly conservative and like to strike the market at a low price. So Bitcoin breaking that high may mean less to them because the price is already high and even if some of them dares it, they might not delay in divesting back which will not have a long-term effect on the coin. We can also draw some wisdom from the last time when the long-awaited ATH of about $69,000 was breached higher this year, Bitcoin barely moved an additional $5,000 above it and has slipped into a bearish trend since them.

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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 ?

Bitcoin is unpredictable and its obvious that bitcoin price that increase now can suddenly decreases, so I know very well that as bitcoin increases is the hand work of investors that makes bitcoin to increase and if we lack investors bitcoin price will not increase

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

What will be the impact of this behavior on crypto market in general ?

Bitcoin doesn't have anything that propelled the market to be negative or positive except, the determinate of the market, and if bitcoin decreases in the market, is just because of inefficient of demands, and when the markert have a propelling force of a demands, bitcoin increases

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People will always buy and sell bitcoins regardless of the price. Investors' interest in bitcoin will increase at any time and I also cannot deny that sometimes the increase in interest is also caused by people who are afraid of missing out. They buy at high prices (around the ATH) just because they want to get a return due to a big increase, but of course the amount is not comparable to those who so far already have bitcoin in their portfolio.

After breaking through $73,600 a few days ago, today we have discovered the fact that the price of bitcoin has fallen back to $67,200. The correction is underway and I'm not sure when it will stop, even after bitcoin lost $6000 from its highest price in a few days. Market recovery cannot be expected following the approaching US election, I think the current market conditions are closely related to the election.

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Quote from: OgNasty on November 01, 2024, 01:56:06 PM

I agree with this. There are still people out there who don’t know or care what Bitcoin is. When the media is rubbing everyone’s face in it and calling it the next big thing, it will attract new capital. There are also momentum investors who won’t touch Bitcoin until it breaks into price discovery territory. A new high will be like opening the floodgates.

You just made me remember a lesson I read back in 8th or maybe in 9th which was about the role of media, as you also focused on the role of media, like if they can make thing bullish by creating a sense of hype and bullish sentiment in the market, then at the same time they can create FOMO and FUD which can make thing more worse.

Media really plays an important role, so I think if most of the big media outlets are bullish then you must become bullish on BTC too and take trades accordingly what you say about it.

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