Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: tranthidung on March 03, 2024, 12:01:53 PM

Title: We are still early in this bull run. Retails have yet come back massively!
Post by: tranthidung on March 03, 2024, 12:01:53 PM
(https://i.ibb.co/Vp5M0vY/Google-Trend.png)
(https://i.ibb.co/gdzd5HQ/youtubesub1.jpg)
(https://i.ibb.co/QnfSDYJ/Youtubesub2.jpg)

Institutional investors are whales who are game makers and manipulators but Bitcoin market hits its all time high with very last forces from retail investors. Bitcoin is up more than 44% last month (February) and makes many people feel like they missed the party.

Fact is, it is still early. See some metrics above like

Like Youtube or not, we can not deny fact that it is one of most favorite homes of retail investors, newbies in Bitcoin market. It is where they get most exposure and information, to hype themselves in Bitcoin market.

Three charts above show that we are far from peak hype of the past bull market.

Also, let's check

Note:
Title: Re: We are still early in this bull run. Retails have yet come back massively!
Post by: Fivestar4everMVP on March 03, 2024, 01:12:38 PM
I was actually discussing with a friend yesterday concerning the current market condition of bitcoin and what the future possibly hold, I told him to buy as much bitcoin as he can afford, and also he should not forget to diversify with some really good atcoins as well, for even though bitcoin remains the number one in the space, atcoins will also do very well in this coming bull run, he was skeptical, saying that bitcoin has risen way too much in this few days and may possibly not rise farther away from its current price, I laughed at him due to how wrong he was, I made him understand that the coming bull run circle maybe be one of the biggest we have ever seen in this space, I told him the price of bitcoin may likely touch $150,000 and possibly go above it, he's still finding it difficult to believe me, and investment is not a thing you force anyone into, since the risk is on them, so, I left him to his decision(what ever he later decided to do).

I completely agree with you @op, like I will always say, most think that become have become too expensive to invest in at this point, but let them wait until they see bitcoin above $200,000 possibly.
😀
Title: Re: We are still early in this bull run. Retails have yet come back massively!
Post by: Lucius on March 03, 2024, 05:15:31 PM
History seems to be repeating itself when it comes to retail customers, because they don't seem to have learned anything and will repeat the same mistake again. The mistrust of the average person towards Bitcoin is still very high, so instead of investing when the price is at the bottom, they wait for a bull run and buy at several times higher prices. In addition, some of them will wait too long and will be caught in a trap when they sell at a price lower than what they actually bought.

As things stand, it seems to me that the real FOMO effect could be at its peak (as far as this year is concerned) only in Q4 when many ordinary people will be looking for a quick profit in anticipation of the Christmas and New Year holidays.