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.
Topic: Will the new Bitcoin ATH attract a lot of new investors ? - page 3. (Read 617 times)
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.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.
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.
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.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.
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.
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.
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.
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.
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.
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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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.
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
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.
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.
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.
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.
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.
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.
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.
Firstly to answer your question, yes but it's based on a few factors. You see just like we have people here on bitcointalk that choose bitcoin and no other altcoins for their investments, we also have people out there who see bitcoin as cheating to smaller investors and a huge benefit to whales. I the past I've come across a couple of discussions , some off this forum where some persons were of the opinion that only whales are actually benefiting from bitcoin investments.
Many of those who are small investors cannot hold long-term investment in Bitcoin. Some have to withdraw their money before the specified time. There are others who are forced to sell Bitcoin even when the price drops during bearish times. That's why small investors are less likely to profit from Bitcoin.Whale investors, on the other hand, are able to execute their strategy very well during bearish periods. Because of this, they have the opportunity to fill their bag when the value of Bitcoin falls, which is difficult for small investors. That is why those who are whale investors are actually profiting by holding Bitcoin. On the other hand, the losses of small investors are increasing.
We have touched the resistance level at $73k which means it is getting weaker and any levels close to this level again means we can easily reach $80k, the question is when will that happen. Historically, positive closes in October and November mean we will see a big increase in December and therefore unless there is a breakout below $62k in November we will see $80k before the end of December.
None knows exactly when we're going to see the new ATH for BTC. It's very disappointed we're so close the new ATH, but unable to break it.
I predict bitcoin may drop to 64k-65k by mid-month. If it can't break the 73k resistance, it will pull back. Also, SP500 is showing a sign if it's going to get another correction, which means BTC is potentially moving down as well.
I have my long order opened at 64430. Hopefully, we will see BTC go back to the 60k - 64k range. Then, it's likely BTC will continue its bullish trend at december.
Firstly to answer your question, yes but it's based on a few factors. You see just like we have people here on bitcointalk that choose bitcoin and no other altcoins for their investments, we also have people out there who see bitcoin as cheating to smaller investors and a huge benefit to whales. I the past I've come across a couple of discussions , some off this forum where some persons were of the opinion that only whales are actually benefiting from bitcoin investments.
The idea is people that will still invest in bitcoin during this bullish trend period are actually more of those that had an eye on investing initially probably they were waiting for a big pull back that unfortunately didn't happen. Like most bitcoiners will always say, the best time to invest us now because you can't accurately pinpoint when next there would be a pump or a dump.
The idea is people that will still invest in bitcoin during this bullish trend period are actually more of those that had an eye on investing initially probably they were waiting for a big pull back that unfortunately didn't happen. Like most bitcoiners will always say, the best time to invest us now because you can't accurately pinpoint when next there would be a pump or a dump.
We have touched the resistance level at $73k which means it is getting weaker and any levels close to this level again means we can easily reach $80k, the question is when will that happen. Historically, positive closes in October and November mean we will see a big increase in December and therefore unless there is a breakout below $62k in November we will see $80k before the end of December.
Actually based on the history, this and next month Bitcoin will dump, the big pump happen in February next year. This might be the reason why Bitcoin price drop without any reason today, some people might trade by looking at this chart.
When the price is already high, will those investors be trapped? Or will they take a small profit? I think they have a plan.
I see many people are trading futures, so if they guess correctly, they will earn a good return. 
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 of course, it's obvious that people like to invest on Bitcoin when the price is accelerating higher, that's why we do experienced congestion in bitcoin transaction whenever bitcoin experienced new ATH, because feel that as bitcoin price is appreciating in price and its the right time to purchase bitcoin, more investors mostly novice in bitcoin investment do have the passion to invest as the price is increasing, it hardly you see newbies to invest in bitcoin during bearish season So they always be attracted as bitcoin price increases, so we need to note that, it's only few people mostly that can purchase bitcoin for future purpose during the time bitcoin price is been depreciated, currently at todays market price bitcoin is at seventy one thousand [71k] and that will attract more buyers or investors and its the thing that leads to transaction congestion, because of surplus demands and traffic in bitcoin at same time.
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