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

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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

BITCOIN4X

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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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A proper breakout might qualify for that kind of price action and hype to buy but I dont think anything recent has qualified in that way. Its run up to an old high and declined, I hope it proves me wrong in this next week and it was just the beginning. Till proven you have to be ready to be disappointed by yet another repeat of previous pricing.

Even if we spent the next two months idling and selling off even I would not rush to be negative on the whole series of disappointments. Even in a lax way I consider all this price action above 50k to be a very broadly positive in a longer term perspective, its hard on the patience of those who want action now but its for the good of Bitcoin not to rush too much imo.

Watch careful this forthcoming week, I would not guess this week alone was enough to ignite the touchpaper as such.

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Quote from: Republikcoin.com on November 01, 2024, 05:30:09 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 ?

The impact will probably be more towards the level of trust of many people and could possibly give birth to new investors to buy and own Bitcoin like the old investors who are still quite loyal to Bitcoin until now. In addition, the news will also go viral in general because there are many sites that will make news about it so that many people will read it and it is possible that Bitcoin will have more new users who previously did not have or did not know Bitcoin. And I also have no doubt that Bitcoin can break its all-time high price by the end of this year because there are still two months from now for Bitcoin to be at a new ATH level.

If they are new in Bitcoin indeed it can make them see Bitcoin as trusted if they see its value pumped up but if it's dumped, they will also distance from it. This is the sad part about them. There are still newbies who will take the time to make a research and will still accept Bitcoin no matter what its value is like. Not all old investors are still here or are still loyal to Bitcoin. Well, they have their own reasons for that.

As for the newbies, there is also no guarantees that they will stay here for a long period of time but I think many newbies are only testing the waters. If they think they are uncomfortable even though it was only on their head, they will still follow their heart and leave. Bitcoin is not new anymore and it is now famous that even many news (local or not) are covering it.

So yeah, definitely they will report the pump of Bitcoin once it occurs and it will gain a spark especially to those who aren't involved yet or are doubting it before and they may now consider it this time. By checking the price now, I can see that Bitcoin is sitting somewhere at $70k and for us to hit a new all time high, we only need $4k more. I think that wasn't really far and may not take 2 months at all.

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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 ?

In theory, as everyone has said, bitcoin reaching a new ATH should attract more new investors. But in reality, I think things are not that simple. We can only be truly sure that there are new investors entering the market when there is new money flowing into the market. If there is no new money flowing into the market, it cannot be said that there are new investors entering the market.

Like the bull run in March this year when bitcoin hit a new ATH, we had a lot of money flowing into the market but mostly through ETFs. There are very few new investors entering the market in the traditional way as before. That is why it only has a significant impact on the price of bitcoin, not the entire market.

But we need to keep in mind that, to attract new investors, bitcoin must not only reach a new ATH, but also reach an ideal ATH like bitcoin reaching $80k or $90k or preferably $100k. Bitcoin's most recent ATH was $73.8k, if Bitcoin breaks the ATH and only reaches $74k, don't expect a large number of investors to enter the market.

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Quote from: mirakal on November 01, 2024, 06:37:25 PM

Quote from: Akbarkoe on November 01, 2024, 05:25:08 PM

It will increase talk in the financial world and will increase continuously, and the discussion of bitcoin towards $100k will always be discussed around the world, and from the warmth of the conversation will attract many new enthusiasts and more confidence, even people who doubted before will really believe and buy bitcoin at that time too.

Sentimentally this will increase interest, because bitcoin is not an asset without evidence, it brings hope to many people, I highly doubt if no one is fomo if Bitcoin ATH returns in Q4 2024, even next year will be even crazier than this year, people are skeptical of bitcoin their eyes regret it like salt water.

Even in the moments where bitcoin is dropping its price, people are still talking about it. Some goes with wild predictions, while others stick to their stance that bitcoin will only be profitable temporarily but in the end it will drop its price eventually. That proves that a lot are still watching the movement of bitcoin.

But I should say, if bitcoin will hit a million price in the future, those people will be left in regrets. That's why my only advice is, invest now while the price is low so they can maximize their profits when bitcoin price becomes not affordable anymore.

Yes on the decline there may still be a lot of talk but it is not very interesting for new people to invest in bitcoin, they tend to say it and not be noticed, if you look at the attitude of the average new investor they are Fomo for something, whether in any commodity or not they have a real experience that they have seen before.
I don't have expectations that bitcoin will touch a million, I don't know how much Mcap bitcoin must have to reach that level of price, reaching $100k is better and will increase the interest of many more people in the next cycle, Bitcoin will remain affordable at a price, but only in decimal or satoshi form they can get.

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That will attract more investors to invest in Bitcoin because they see the chance to make a profit from Bitcoin. Bitcoin will be all over the news and makes many people shock and amaze. Some people who see the opportunity will starts invest in Bitcoin and follow others and don't want to be late. That will also impact to the crypto market and makes the price moves wild.

But if they don't think much about the impact or the news and focus on their investing in Bitcoin, they will have the chance to make a profit in the future.

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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 ?

What attracted you to bitcoin? As I see it, most of us are attracted to bitcoin because of its volatility, because of the profits it brings and everyone will be like us. When bitcoin reaches a new ATH, the media will not stop reporting on it and this will arouse the curiosity of many people and they will enter the market thinking that it will be easy to make a profit. So it is no surprise that every time bitcoin hits a new ATH, there will always be a wave of newbies entering the market.

And if you notice, every time the bull season comes, not only is the news about bitcoin continuously reaching new ATHs spread, but we also see a lot of positive news being published. In addition, most newbies enter the market only during the bull season, with only a few entering during the bear season, and that is how this market attracts new investors.

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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 ?

Yes that is right and this is what is going to happen when Bitcoin starts rising pass $74,000 as we can see the price heading straight to $80,000, people do not like buying when Bitcoin is down, they prefer to buy when the market has broken its past all time high because they hope to ride the wave upwards to make money. Fear of missing out also comes in and people rush to buy Bitcoin. With the help of the media also reporting the news, it will bring new investors into the market and this will also make the price of Bitcoin to continue to rise. Newbies are those that rush into the market without doing their research because they just want to make quick profit. Some benefits and this are people that entered early as the late comers are left to buy at the top and they get stuck hodling Bitcoin because they do not want to sell at loss.

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Quote from: Wexnident on November 01, 2024, 08:27:24 AM

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

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Not really? I mean in general there's probably going to be a lot more new investors compared to the normal influx, but it wouldn't be enough to make a big and noticeable impact on the market imo. We're way past that time where when we get an ATH a sudden huge influx of investors comes in to boost the price even more, and after a few days the market just pops and drastically crashes down. We'd probably see more of what we're experiencing now, we reach ATH then we stop, hover around or maybe drop down a bit and the cycle just repeats.

Unless maybe the sudden surge in price is THAT big to warrant a lot of investors to risk reinvesting more money even at the peak price.

right now the new influx of investor that is anticipated is the institutional investors, once they've seen the success of investing in BTC by other financial institutions that has been hoarding BTC from long ago, they'd be motivated, and we're talking about influx of big money, not small money from retailer, just see the ETF, it's a massive success, i'm sure other financial institutions will also be getting interested into investing in BTC. just matter of time.

as for the new individual investors, like as you said and I agreed, probably won't move the market that much, BTC market cap is too big that anything below hundred millions of dollars doesn't matter that much anyway.

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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 ?

hitting 75k then 80k the 85k then 90k will cause big fomo.

anything less is meh

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Quote from: Akbarkoe on November 01, 2024, 05:25:08 PM

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 ?

It will increase talk in the financial world and will increase continuously, and the discussion of bitcoin towards $100k will always be discussed around the world, and from the warmth of the conversation will attract many new enthusiasts and more confidence, even people who doubted before will really believe and buy bitcoin at that time too.

Sentimentally this will increase interest, because bitcoin is not an asset without evidence, it brings hope to many people, I highly doubt if no one is fomo if Bitcoin ATH returns in Q4 2024, even next year will be even crazier than this year, people are skeptical of bitcoin their eyes regret it like salt water.

Even in the moments where bitcoin is dropping its price, people are still talking about it. Some goes with wild predictions, while others stick to their stance that bitcoin will only be profitable temporarily but in the end it will drop its price eventually. That proves that a lot are still watching the movement of bitcoin.

But I should say, if bitcoin will hit a million price in the future, those people will be left in regrets. That's why my only advice is, invest now while the price is low so they can maximize their profits when bitcoin price becomes not affordable anymore.

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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 ?

Every bitcoin movement always causes a headline, even if it's when the price drops down with speed. We see it all over the news, so if we see Bitcoin cross over to the new ATH, we will definitely see it all over crypto headlines, news, and other platforms, but that won't be the first time, and I don't think it will have any big impact on crypto generally.

But come to think of it, the price is not doing so well today; it's already dropping below the $73k that has crossed the past few days, so even if it's supposed to cross to the new ATH, it can't be today or even this week, as I can't see that happening in the chart.

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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 ?

It will increase talk in the financial world and will increase continuously, and the discussion of bitcoin towards $100k will always be discussed around the world, and from the warmth of the conversation will attract many new enthusiasts and more confidence, even people who doubted before will really believe and buy bitcoin at that time too.

Sentimentally this will increase interest, because bitcoin is not an asset without evidence, it brings hope to many people, I highly doubt if no one is fomo if Bitcoin ATH returns in Q4 2024, even next year will be even crazier than this year, people are skeptical of bitcoin their eyes regret it like salt water.

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Quote from: EFS on November 01, 2024, 12:41:20 AM

I don't know if we'll see an ATH anytime soon, but when Bitcoin makes a new ATH, of course it will be in the news a lot more. Average joe can also jump on the bandwagon. During ATH periods, Bitcoin has always been talked about a lot and more people have invested in it. But most of these people are transient, they will sell when the hype is over, they won't be long-term investors.

Like to ATH is closest to the current price but to ATH to $100K is still far away in the near future, so I don't think it will be until this year.
Of course when ATH will be a lot of news out there, the media will post more bitcoin with the new ATH, ordinary people will wake up and they make investments to enjoy this sensation, after ATH finishes entering the bearish, they will disappear because they have sold it.

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Quote from: Faisal2202 on November 01, 2024, 01:29:50 PM

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 ?

Are you serious, I mean you are asking the obvious, if BTC will make new ATH don't you think news outlets will be posting it all over their blogs, sites, and groups. So yeah it will be all over the news and lots of new investors will start investing in BTC which is a good thing for BTC and for old investors because the money new investors will insert will be given back to those who will take exits.

I know it's sad but it's the choice of every individual to buy and sell,. Market will be bullish and I also hope in few days we see a new ATH but it all depends on the results of Elections till then we must not be so sure that BTC will make new ATH.

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.

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