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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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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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

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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

~

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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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.

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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.

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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

~

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.

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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?

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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.

Catenaccio

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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.

It's good that they join Bitcoin market as new investors but let's give them time that is necessary for them to change from newbies, apprentices to true Bitcoiners in next market cycles. They can join this market as speculators or traders but with time, this market and its promising chance to get profit, give them opportunities of having their own banks, will succeed to convert some of Bitcoin newbies, apprentices to Bitcoiners.

A new all time high and news about it positively can help us getting more new Bitcoiners. It means better adoption for Bitcoin and bigger demand on Bitcoin too. In long term, price will be beneficial from new participants, new in capital, better adoption and more demand on bitcoin.

CryptoBuds

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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 time bitcoin hits a new ATH, the news is always spread in the media, thus attracting new investors but in my opinion that is insignificant. To attract more new investors and more people to the market, we need more compelling stories. For example, someone has already taken profit and made millions of dollars in profits, news about bitcoin legalization, big institutions investing billions of dollars in bitcoin...we need more catalysts. Bitcoin reaching ATH only added to the curiosity of the crowd but was not enough to attract a large number of participants into the market.

Stories about Bitcoin hitting new ATH will not be more interesting than stories like meme coin increasing millions of percent because newbies don't know anything about bitcoin or memes, what they care about is the numbers, the profit rate.

EFS

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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.

jcojci

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Yes, that will bring more new investors to Bitcoin because they will see the chance to make a big profit. They will not want to be late to take profit like others so they will start invest in Bitcoin.

But if they don't learn what it needs to prepare, they will buy when the price at peak. That will make them feels in a trap and desperate of waiting the price increase more. It has been happen to many people before.

This will impact on crypto market where the market will be more active. People tends to search for the coins that can bring them profit. But once again, if they can not analyze what they should buy, they will only trap in the wrong coins that can not gives them profit.

Apocollapse

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The current generation is full of FOMO.

When Apple launch new Iphone, people will buy it as fast as possible. When there's a popular celebrity have a concert, people will buy the ticket as fast as possible. They will buy it even though it's not useful or have zero interest over it.

So, if Bitcoin cross new ATH, it will be a BOOM and Average Joe will see articles about Bitcoin cross new ATH and encourage them to invest.

tbct_mt2

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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 ?

New all time high will be a big break out and if we see its break out with both price and trading volume, it's signal of very strong momentum for climbing up more after the new ATH.

If a break out does not come together with a big increase in trading volume, it's will be like double top like in 2021 bull market and price will fall to Distribution phase, then a bear market will come after distribution phase completion.

A break out to make a new ATH will give media a great opportunity to write about Bitcoin and spread massive noise for Bitcoin. This impact will bring many new investors to Bitcoin market.

The psychology of market cycles

Darker45

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And we're back at $69,500. The recent surge in the price wasn't strong enough to break the ATH. It was almost there, perhaps just a couple hundreds away, but it fell short. The ATH remains the one reached 8 months ago. But, yeah, it might be shattered in a few days. We're just 6% away from it.

ATH usually creates noise. It will make headlines. Everybody who has bought Bitcoin is in profit. That's indeed worth celebrating. It might make others envious, curious, even flip. So there might be new investors because of it. Not to mention the herd mentality that prevails among many of us.

Don Pedro Dinero

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It will attract many investors because of the high price, most of whom will buy high and sell low. It is always the same. Some will eventually learn and will hold for the long term or do DCA. But some people are hooked to invest when the highs are breached and sell when the lows are breached out of fear.

Die_empty

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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 nearly reached its ATH of $73,737 when it got to about $72,274. Now it is trading at about $69,566 which shows that the price has dropped and didn't cross its last ATH. It is common for FOMO to increase when the price goes high. More people who want to make a quick profit will invest because they don't want to lose out.

There are so many factors that affect the price of cryptocurrencies. It might include political, economic, natural disasters, war/conflict etc. The conflict in the Middle East, US elections, ETF inflows and US FEDs meeting, among others will determine how the market will look this month.

krishnaverma

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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 ?

Topic: Will the new Bitcoin ATH attract a lot of new investors ? (Read 470 times)