huh that 71k came out of nowhere. did anyone of you guys sold?

[JeydderS]

Grandpa BTC doing the opposite of what most people think
"BUY" button was staring me right in the face when I woke up. Bitcoin cracked 70k overnight!

After decades of 10% yearly gains, the boomers that bought into the ETFs at 40k must be pumped. 60% in less than two months. And you know what that means - the halving is just around the corner. We're barely over a month away from the daily supply getting cut in half from 900 to 450 BTC. If these whales and ETF funds keep stacking sats like they have been, we're gonna see some wild volatility.

I wouldn't be surprised if we get a few 10k daily candles pretty soon with all this FOMO buying. Can you imagine the rush if BTC pumped 10k in a day? Especially now that regular folks can just buy into a Bitcoin ETF this cycle.

The halving hype is gonna be absolutely insane this time. We're in uncharted territory with all this institutional money piling in before the supply squeeze. Who could have predicted we'd be at these price levels already before the halving even kicks in? Just buckle up, because we're in for one hell of a ride!

[TomPluz]

The halving hype is gonna be absolutely insane this time. We're in uncharted territory with all this institutional money piling in before the supply squeeze. Who could have predicted we'd be at these price levels already before the halving even kicks in? Just buckle up, because we're in for one hell of a ride!

I would not consider Bitcoin to be a grandpa yet...in fact it is still a teenager and judging by the pulsating energy it is exhibiting right now in the market, I think am right with this assessment. Having reached a new ATH just recently, there can be more as we are now hearing of news of the lack of supply for Bitcoin buyers. With this kind of situation and with halving coming soon, there is a big impetus for BTC to soon get into the $100K zone and even more. Surely, this time the hype is quite real and so big as we know that ETFs are pumping the demand for more BTC...and there is a big likelihood that retail investors are now joining the fray big time. And indeed, lucky are those who took action when BTC was just at $40K as they are surely seeing the excitement of rising value in such a short timeframe. Unluckily, am not one of them.

[DrBeer]

At the moment, I don’t see much point in selling Bitcoin. Reasons - in my personal opinion, in 2024 there are good prospects for further growth in the value of Bitcoin. There may be temporary drawdowns in the rate (situational corrections), but the general trend, again in my personal opinion, will be a trend towards an increase in the value of Bitcoin. There are at least 2 significant reasons for this:
- great interest of systemic and large investment funds, after the official recognition of ETF Funds, to work with Bitcoin and attract significant funds, as well as the accumulation by these funds of a large number of Bitcoins.
- Bitcoin halving, which will happen around April of this year.

[gunhell16]

A lot is expected in that matter, and even more than what most people expect. And there are others who have already sold their bitcoin holdings. And these community investors are probably the ones whose assets were so stuck in the previous ATH in 2020 that they have no choice but to hold their holdings again.

And now that the previous ATH has been passed, they have sold their bitcoin. Of course, the profit they got is probably big, and they are satisfied, so that's not bad. At least the important thing is that they are profiting, right?

[MrSpasybo]

A lot is expected in that matter, and even more than what most people expect. And there are others who have already sold their bitcoin holdings. And these community investors are probably the ones whose assets were so stuck in the previous ATH in 2020 that they have no choice but to hold their holdings again.

And now that the previous ATH has been passed, they have sold their bitcoin. Of course, the profit they got is probably big, and they are satisfied, so that's not bad. At least the important thing is that they are profiting, right?

I am not surprised with this growth of BTC because we are in an uptrend and every new ATH of BTC is within investors' expectations. I would be surprised if BTC suddenly makes a new bottom below $15K this year 

I know that many investors/holders have sold their BTC, so we can see trading activity going on CEX, someone sold their BTC so I could buy BTC yesterday. I hope that they have profited from BTC, and I always want to congratulate them. I personally will not sell any BTC while the uptrend is still maintained. My expectation for BTC's ATH for the entire cycle is $150K-170K, I will not let go of BTC until BTC has not reached that price range 

[Don Pedro Dinero]

At the moment I have not sold but if the price continues to rise as it has done so far I will soon make the first sale, just as I will make a few sales when the price rises above $100,000. But it will be a few sales that will allow me to enjoy profits after the long bear market of this cycle. Most of it I will hold. And I will buy back into DCA in a year or so when the bear market starts again.

[0t3p0t]

At the moment I have not sold but if the price continues to rise as it has done so far I will soon make the first sale, just as I will make a few sales when the price rises above $100,000. But it will be a few sales that will allow me to enjoy profits after the long bear market of this cycle. Most of it I will hold. And I will buy back into DCA in a year or so when the bear market starts again.

Yeah I am doing the same way $85k-$100k is my target price but this depends on some factors. I also have plans to just DCA and hodl until I will get 1 Bitcoin but yeah I don't know if it's that possible as I only have small amount of it on weekly basis like  $40.

[bitbit97]

Even though fear and greed index is extremely high, it isnt recommendable to sell right now. It seems that Bitcoin has just started its flight. By the look how it gains and strongly keeps its position, it does not look like it is going to turn back and change trend. Those who are afraid to lose moment and sell as expensive as possible - look how high it is already. If it goes down, you will still have plenty of time to sell with profit. It will not fall into the abyss right away.

[bitmover]

Etf approval.
Halving within the next month.
Inflation everywhere

"71 k out of nowhere?"

Where have you been? Lol
We are in a crazy bull run!

[Lucius]

~snip~
Who could have predicted we'd be at these price levels already before the halving even kicks in? Just buckle up, because we're in for one hell of a ride!

All those who knew what spot ETFs in the US mean for the Bitcoin market, and those who knew that BlackRock is not some frivolous company that gets into this kind of business because there are no smarter things to do. Everyone else is now wondering where this pump came from and saying how it appeared out of nowhere and in the past 2 months these same funds bought over 400 000 BTC

This ride started as early as 6+ months ago, but I guess it's never too late to jump in and enjoy the ride

[Gurujebs]

I wouldn't be surprised if we get a few 10k daily candles pretty soon with all this FOMO buying. Can you imagine the rush if BTC pumped 10k in a day? Especially now that regular folks can just buy into a Bitcoin ETF this cycle.

The halving hype is gonna be absolutely insane this time. We're in uncharted territory with all this institutional money piling in before the supply squeeze. Who could have predicted we'd be at these price levels already before the halving even kicks in? Just buckle up, because we're in for one hell of a ride!

We are now at the phase of the market euphoria and you know what that means, wall street are here and everyone will make money because there is smart money from them because they do the bidding of the pumping. We can conclude that halving is one of the reasons why we have these runs but so far, the most influential people here are the institutional investors, Microstrategy and ETF buyers which is most likely controlled by Blackrock.

Today, just after the new daily candle open, Bitcoin crash to $67k but when the whales were tipped that Microstrategy bought another 12,000btc, the market pumped Bitcoin to $72k which is now a new all time high, I just hope everyone remain guided so as not to be dump on particularly when institutional investors want to exit some of their profits.

[Gladitorcomeback]

We're seeing the unexpected this time around, the bull run never started this soon in previous cycles, and this time, we have already hit a new all-time high even before the halving closes in, so there is no doubt that the ride is going to be pretty intense and interesting!

Those who are selling right now to take profit from the current prices are going to miss out on the real fun for sure because we are just starting, once the halving event occurs, we got to see what the market unfolds after that.

So, I would suggest everyone to keep holding a little bit more if you want to keep riding the wave.

[Jamal Aezaz]

A lot is expected in that matter, and even more than what most people expect. And there are others who have already sold their bitcoin holdings. And these community investors are probably the ones whose assets were so stuck in the previous ATH in 2020 that they have no choice but to hold their holdings again.

And now that the previous ATH has been passed, they have sold their bitcoin. Of course, the profit they got is probably big, and they are satisfied, so that's not bad. At least the important thing is that they are profiting, right?

Some people preferred to  sell their bitcoin at 71k$ and some are still waiting to achieved their target of 100k$. Those who have holded their bitcoin from years and missed the previous ATH will find the current worth as a golden chance to take the benefit so selling is not a bad idea for them because greed sometimes cause a big loss.

Everyone will be in profit now as 71k$ has never achieved before it but yes the basic thing is profit. If you have profit then you can sell anytime you want but sometimes people wishes to have more profit as a result of which either they win or either they miss the little benefit too.

[yhiaali3]

The decision to sell is a personal decision that varies from person to person. Some who bought from low levels must have sold by now, and others bought from higher levels waiting to exceed 100-125k$.

In any case, everyone will emerge a winner from this bull, but for how long? I mean, there must be a point at which Bitcoin stops and starts to decline again, and those who will buy at the new ATH will have to wait another four years to reap their profits, so I see that the majority will start selling when Bitcoin reaches 100K.

[Captain Corporate]

I haven't sold, and to be fair it didn't really come out of nowhere either. Everyone has watched it grow from 15k to 70k+, I mean is that a lie? Haven't we seen it go under 20k? We have, it is documented, from a 69k all time high in 2021, it bottomed at under 20k that is a fact. After that, did it peak over 69k again and break all time high? It did, that is a fact. Combine all those together, that means that we are in a bull run and the price is going higher, so just like we broke over 70k, we are going to break over 80k too, it is not about "will it", it is just when that matters at this stage.