Will the new Bitcoin ATH attract a lot of new investors ? - page 3.

Faisal2202

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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 ?

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.

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Quote from: Mia Chloe on November 01, 2024, 11:05:37 AM

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.

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Quote from: hugeblack on November 01, 2024, 04:01:22 AM

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.

Mia Chloe

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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.

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Quote from: hugeblack on November 01, 2024, 04:01:22 AM

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.

Quote from: ajiz138 on November 01, 2024, 08:43:41 AM

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.

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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 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.

ajiz138

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Bitcoin to the new ATH will be a lot of hype to new investors.
When bitcoin is already ATH, there will be more news about bitcoin skyrocketing, some news leads to a positive trend, the more you see then this will be more attractive to new investors.

The behavior will still be the same as before when ATH in 2021 where many investors come in with a lot of money flowing there, initially it looks stronger but I don't know how they take advantage of it.

When the price is already high, will those investors be trapped? Or will they take a small profit? I think they have a plan.

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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.

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When bitcoin reaches the new ATH, many investors will be hit by FOMO, they flock to bonding investment when prices are easy and in the past when prices are low too ignore it, let alone people like this will always be in our circle.

Optimistic that bitcoin will pass the all-time high price if not this year then next year this has been widely predicted, no matter what other wild speculation I still believe bitcoin will go to ATH even more than $100K.

Fortunately, I have invested more bitcoin since the low, and just waiting for the bullrun moment to come.

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There hasn’t been any time I remember when Bitcoin got close to its current all-time high and didn’t break it within a few weeks. It’s bound to happen, so let’s stay optimistic and ready for the coming bull run. Sooner or later, we’ll wake up with Bitcoin at $74k or more. Just like the last bull run, and even with more institutional investors on board now, I think the market will be the same- Bitcoin will pump up, giving us a literal bull run.

Just be patient, trust the trend, and if you need a tip....

I’d suggest buying now so you’re not hit with FOMO when it happens.

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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 ?

Certainly, it grabs people’s attention just like before, but that doesn’t mean they’ll suddenly start investing. Here’s the truth—even if bitcoin hits $100,000, only those who truly trust it will buy in. The skepticism won’t go away; a lot of people will still watch its movement, talking about it but not actually buying. If the all-time high alone were enough to convince people, those past two bull runs should’ve done the trick, but many are still hesitant.

In my opinion, people will invest when they genuinely see bitcoin’s profit potential. They want to see that price rising steadily, but with bitcoin’s volatility, only a few have the confidence and trust to take that chance.

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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 the bitcoin price is high, everyone will start talking about it, and bitcoin news will be everywhere, even people who weren’t interested in bitcoin before will start having interest just because of the high price and what people are saying about it.

People are always interested in bitcoin when the price is going higher, that’s when some people will start buying coins, but when the bitcoin price is dropping, people are always losing interest in bitcoin, and inexperienced ones will end up selling. Most people do buy bitcoin when the price is already going high, but they don’t know they are supposed to buy when the market is down. So when the price is high, definitely new people will start 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 ?

If bitcoin got to all-time high, some people may want to sell and the price might retrace a little. But this happened recently when bitcoin was about to get to all-time high. But still there is a strong barrier to deal with at such price. Some people are expecting bitcoin to get to all-time high but there would always be a strong resistance to overcome at that price. Also there would be another strong resistance at $75000 and $80000.

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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 ?

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.

Dr.Bitcoin_Strange

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It might motivate some newbies to have hope that when they invest into Bitcoin now, they can still make profit in the future, unlike some of them who already have the perception that Bitcoin is too expensive and can not longer be profitable to small investors. But u
It's unwise to invest into Bitcoin when a new all time high have already been reached, why not invest when the peak of the bull market is still on the pipeline?

Dave1

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Quote from: Learn Bitcoin on November 01, 2024, 04:40:42 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 ?

Yeah, I think a lot of media will write this news and some new investors may start investing in Bitcoin. But I am being honest, Everyone knows this is a bad time to invest in Bitcoin. But, I don't think the new investors research before they start to invest. If they invest without doing proper research, probably they will end up panic selling during the next correction. The time high does not hold it for a long time. It won't break consecutive price ranges for a long time. The market will always take a correction before it starts to accumulate again. Unfortunately, that is how new investors get interested in starting their investment. All we have to do is, welcome them to the community if they want to learn.

Perhaps media will have something to do with it, but in any case, worth of mouth could be the biggest factor for Bitcoin. Maybe there will be some individuals who is going to ask you, like in my case, a dedicated nurse in our neighbourhood, not a friend or not even close to me, I just knew him. Suddenly ask about Bitcoin and then he said that he wants to invest on it.

So I gave him the perks, pros and cons and what wallet he should used to save and accumulate. And that is one case, and then maybe in our countries as well as there could be curious and ask someone around about crypto. He knows that I involved in crypto as my sister in law might told him and that's where our first conversion is.

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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 ?

Yeah, I think a lot of media will write this news and some new investors may start investing in Bitcoin. But I am being honest, Everyone knows this is a bad time to invest in Bitcoin. But, I don't think the new investors research before they start to invest. If they invest without doing proper research, probably they will end up panic selling during the next correction. The time high does not hold it for a long time. It won't break consecutive price ranges for a long time. The market will always take a correction before it starts to accumulate again. Unfortunately, that is how new investors get interested in starting their investment. All we have to do is, welcome them to the community if they want to learn.

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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 ?

And that has been the cycle though, there will be someone buying at the top here, and if by chance he or she didn't profit, then obviously they could sell at a loss or just continue to buy and hold for a long time. And then it will just repeat itself all over again, new investors are going to be trap, and then they will have to learn their expensive lessons here.

So for me, there's nothing wrong with that, they could even sell at a loss and then comeback when the market goes down again or wait till the bear market, apply what they learn (buying at a low price), and then accumulate and wait for the next bull run, and that is the cycle that I was referring to.

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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.

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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 attract more attention instead except for those who doesn't know about the market and it's operations, otherwise now is not the right time to invest in bitcoin. But what more? We can't really predict what the bull run would be if the price would go above expected, but for sure investing now doesn't also affect your investment because the market is also positive and there are all chances for the market to create New price level, so for sure it would attract more investor which will also gives more strength to the market increase to soar more than expected.

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