Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Fivestar4everMVP on April 30, 2024, 12:41:34 AM
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"hi bud, is there still going to be a bull run this year?"
😂 Noob question yeah!, but thats what a dude asked me this evening, he's a newbie though, he joined crypto late January this year (2024), I wasnt the one who introduced crypto to him, but he approached me one time in February, and I assisted him on buying his first bitcoin, and since then, he's been investing on his own.
But I was surprised when he asked me if there was still going to be a bull run this year, I paused for a while cus I didn't know what to answer him, I've never discussed anything concerning or patterning to bull run with him before, so I was a kind of puzzled when he asked me that.
Later on, I simply told him I don't know, that I can't predict the market, but then, I could notice he wasn't satisfied with that answer, he probably expected me to say "yes", as a way for him to reassure himself of his expections, but then again, I couldn't lie to him.
I am as well putting out the same question out here for the community, is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁
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"hi bud, is there still going to be a bull run this year?" I am as well putting out the same question out here for the community, is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁
We are not going home...because we are already home! I can understand why you are hesitant to tell 'YES" to that guy's inquiry for the possibility of a bull run and it is because even if we can see some precedents in the history of Bitcoin this is a very unpredictable asset and anything can happen into the future. Based on what I know, the real bull run will be happening after the halving and not before it. So the next concern is whether the bull run we just witnessed before the halving is already the one or should we wait for another one. Now, humans as we are, it would be so difficult to predict the future and that is why whatever we are thinking can just be speculations, at best. the best thing to do then is to continually invest with Bitcoin most especially if there is a dip in the market and just wait and see for what may come.
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Even if that has asked me the same question I will still have an unofficial answer to that since we are here speculating on prices and there is really no accurate answer to that. It could be that this year is just side way or it could have some slight rally or what but yeah I can relate to you here. Though there's a high possibility but who knows right?
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After this correction, the price would go up again, and then should it be counted as a bull run? This is a vague question IMO since the market is volatile. But if your friend thinks that is there parabolic price movement like the pre-2017 era? Then the answer would probably be no. The higher the market cap / the price, the lower the volatility, to the point that it looks flat on the logarithmic scale.
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"hi bud, is there still going to be a bull run this year?"
😂 Noob question yeah!, but thats what a dude asked me this evening, he's a newbie though, he joined crypto late January this year (2024), I wasnt the one who introduced crypto to him, but he approached me one time in February, and I assisted him on buying his first bitcoin, and since then, he's been investing on his own.
But I was surprised when he asked me if there was still going to be a bull run this year, I paused for a while cus I didn't know what to answer him, I've never discussed anything concerning or patterning to bull run with him before, so I was a kind of puzzled when he asked me that.
Later on, I simply told him I don't know, that I can't predict the market, but then, I could notice he wasn't satisfied with that answer, he probably expected me to say "yes", as a way for him to reassure himself of his expections, but then again, I couldn't lie to him.
I am as well putting out the same question out here for the community, is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁
I genuinely believe we're yet to see the best of the bull market. There's probably still an AI run and an NFT rally to come
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"hi bud, is there still going to be a bull run this year?"
We are already in a bull run, didn't you noticed it?
Bitcoin hit ATH just a few weeks ago.
In the last 12 months:
SOL is more than 700% up.
ETH is 100%
BTC is about 130%
Many shitcoins about 1000% and more!!
Will the bull run continue? most likely, this is probably a good buying opportunity
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I am as well putting out the same question out here for the community, is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁
Saying there is going to be a bull run is giving validation someone is not sure about. The way the market is right now, believe me I'm loss with the next thing because the Bitcoin is not doing correction when it's due and it's not pumping either but for now I'm not optimistic about it coming down for correction, maybe after that we will see a big storm by surprise.
If we are to go by the previous assumptions of bull run, I think we will see bull run by 2025, we are still early in this and perhaps we will see new trend coming out around the corners like we did back then and not all this meme wana be quick gains.
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At first, people completely wrongly estimated the effects of spot ETFs in the US, and now they think that everything is over and that they should wait the next four years for a new bull run. Maybe there really won't be a big bull run this year or next year, maybe history won't repeat itself, but that's the risk of all those who invest in Bitcoin just to make a profit.
In addition, I used to tell people that if they can't invest in BTC for a period of at least 3-4 years, to spare themselves the trouble and annoyance and the expectation that they will become millionaires overnight. There's a lottery for that sort of thing, and many of us will be betting our lucky numbers and hoping to become millionaires this week, right?
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I'm not sure you don't think there will be a bull run in Bitcoin. Because, in reality, the market's downward price movement does not indicate the beginning of a bear market. To be honest, based on my market analysis, the current bull run in Bitcoin is only the beginning. Also, I expected there to be a downward trend before the price exploded. So, if I were in your situation, I would say yes to him and explain why.
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is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁
No, it's still too early to pack our bags because we are already in middle of the bull market and it's just the beginning of this bull run. 2024-2025 are going to be very bullish years for crypto currencies, especially for Bitcoin. The market had to have some corrections overtime as without corrections the market won't work.
Bitcoin hasn't yet reached $80k value and it's too early to even think about packing the bags because when the market gets intensity, we can expect Bitcoin crossing $100k value. If we check the history of Bitcoin then we can understand that it's too early to expect the peak price of Bitcoin at current times because history shows us that Bitcoin reaches its best values in October to December of previous bull runs.
Now keeping that in our mind, we can expect Bitcoin to do something similar in this bull run as well. This bull run is going to be much more intense than the previous bull runs because in this bull run huge investment companies have launched their ETFs and they will do their best to make Bitcoin reach the top values.
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At first, people completely wrongly estimated the effects of spot ETFs in the US, and now they think that everything is over and that they should wait the next four years for a new bull run. Maybe there really won't be a big bull run this year or next year, maybe history won't repeat itself, but that's the risk of all those who invest in Bitcoin just to make a profit.
In addition, I used to tell people that if they can't invest in BTC for a period of at least 3-4 years, to spare themselves the trouble and annoyance and the expectation that they will become millionaires overnight. There's a lottery for that sort of thing, and many of us will be betting our lucky numbers and hoping to become millionaires this week, right?
Lol 😂, very well said bud, unfortunately, as long as the cryptocurrency market is open for everyone 24 hours a day and 7 days a week, we can never do away with people who will invest a hundred dollar today and expect to cash out a hundred thousand dollars tomorrow, seeing that things like this used to happen in the early day of bitcoin and the crypto market at large, most especially with altcoins, people think it's still possible for such to happen even now that the market have become more matured, especially when ever they hear or learn that Bitcoin halving is approaching, some people with experience in the market actually do not invest in bitcoin until halving is close, because based on previous circles, bitcoin always pumps sometime after halving lol, and when sometime, the pump seems like it's not happening, they begin to ask questions like I was asked 😂.
Anyways, we never can get rid of such people from the market, it absolutely normal thing if you ask me.
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No, it's still too early to pack our bags because we are already in middle of the bull market and it's just the beginning of this bull run. 2024-2025 are going to be very bullish years for crypto currencies, especially for Bitcoin. The market had to have some corrections overtime as without corrections the market won't work.
Bitcoin hasn't yet reached $80k value and it's too early to even think about packing the bags because when the market gets intensity, we can expect Bitcoin crossing $100k value. If we check the history of Bitcoin then we can understand that it's too early to expect the peak price of Bitcoin at current times because history shows us that Bitcoin reaches its best values in October to December of previous bull runs.
Now keeping that in our mind, we can expect Bitcoin to do something similar in this bull run as well. This bull run is going to be much more intense than the previous bull runs because in this bull run huge investment companies have launched their ETFs and they will do their best to make Bitcoin reach the top values.
Yeah, I also believe that the crypto market is overheating and that there needs to be a strong and long enough correction to re-accumulate before entering the main bullrun. I consider the BTC's journey from $16K to $73K to be just a recovery phase, not growth. If the market ends the bullrun right now, it will not be able to continue to attract investor attention and the crypto market will be destroyed or go into a prolonged downturn.
The community often has extreme emotions: excessive greed in Q1 after BTC Spot ETFs and excessive fear when BTC has been sideways for the past few weeks. Skepticism is running rampant in the market but it only comes to inexperienced investors. Experienced investors will understand that a correction is necessary at this time, and the rational action would have to be to buy instead of sell.
I still maintain my expectation that BTC will reach $150K-170K in 2025. In the worst case, that could come in Q4 2024 and we will see this cycle end a bit earlier than previous cycles.
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Even if that has asked me the same question I will still have an unofficial answer to that since we are here speculating on prices and there is really no accurate answer to that. It could be that this year is just side way or it could have some slight rally or what but yeah I can relate to you here. Though there's a high possibility but who knows right?
Why I will be skeptical is that the arrangement has changed. Before now, a new ATH is met after the halving but this time around, a new ATH was seen before the halving which is a very good sign of bull run. I don't know whether to say that the bull run has already started or not.
There's no spelt out answer to the questionair, but with experience you should know that this dip we are seeing is the one that is always seen after halving before the crazy bull run. So, there will be bull run.
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But I was surprised when he asked me if there was still going to be a bull run this year, I paused for a while cus I didn't know what to answer him, I've never discussed anything concerning or patterning to bull run with him before, so I was a kind of puzzled when he asked me that.
Because to be honest, we can't promise that to someone. Even though here I can give this and that argument, if someone asks me directly, and sees how he has very high hopes, then we will definitely feel a little uncomfortable and have to be careful in choosing every word we say.
Because indeed, if we look at the cycles and phases, there is still a bullrun phase in 2024-2025. Yes, as we have seen in the previous season, this is still early after the halving so it still takes time.
but on the other hand, we can't guarantee that it will happen, and it will actually happen 100%, even though there is a risk if we say yes. Because no one in the market will know 100%. However, still, allow him to be patient and follow the Bitcoin market development process with sufficient patience. Therefore, he does not panic and is triggered by various negative information that he may receive.
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"hi bud, is there still going to be a bull run this year?"
We are already in a bull run, didn't you noticed it?
Well, technically we're 0.5% away from exiting one and entering a bearish market.
73666 > 59300 is a --19.50 % drop, a 20% one from the ATH means the end of a bull market if we go by standard definitions.
At first, people completely wrongly estimated the effects of spot ETFs in the US, and now they think that everything is over and that they should wait the next four years for a new bull run. Maybe there really won't be a big bull run this year or next year, maybe history won't repeat itself, but that's the risk of all those who invest in Bitcoin just to make a profit.
We jumped 140% in conditions not so good, with high-interest rates, with no clear path, just because of ETFs which most people didn't even use, the block reward supply cut is already offset in $ value since the price is more than double so there is no reduction in the offer, I think we did pretty good, but it's not really the time of cheap money everywhere, my bets for another growth (sizeable one) are for august with monetary policies change, both in the US and EU.
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I am as well putting out the same question out here for the community, is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁
Even if the market is good there's still uncertainty, remember there was a time when people bought at an all-time high only to regret it later when there was a huge dip and it took them some time before they recovered their investment, the answer could be yes or no, the volatility is still there you could tell your friend that there will be a bull run this year but there will always volatility in the market that he should watch out.
Not because investors are making a profit this early of the year we can say that we will be ok throughout the year.
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Well, technically we're 0.5% away from exiting one and entering a bearish market.
73666 > 59300 is a --19.50 % drop, a 20% one from the ATH means the end of a bull market if we go by standard definitions.
Me and my big mouth!
Just one day later and with the drop to 56 it's technically the end of the bull run and entering bear territory.
Funny how the drop has broken all bullish patterns:
https://dailycoin.com/crypto-bull-run-over-btc-weekly-close-stirs-concern/
This pattern is characterized by a strong upward trend followed by a brief consolidation period before an upward breakout. Mister Crypto’s measured bull flag target is a lofty $117,000. However, technical analysis is not an exact science. The bull flag pattern will become invalidated if Bitcoin breaks down below the roughly $59,000 level in the coming days and weeks.
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Currently we have just entered the second quarter of 2024, the Bitcoin halving has also just occurred. Of course, the potential for a bull run is still very much there and is eagerly awaited by all cryptocurrency players, be they investors or crypto traders.
If we currently see Bitcoin and Altcoin prices in the market going down, then we should enter the market and buy more coins to add to our portfolio.
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Currently we are at the level of the market but we can expect that the market can go to a better position. The market was on a steady rise a few months ago and has continued its upward trend, but the start of the Bitcoin halving season has had some impact on the market. Currently the market is fluctuating between $62K to $68K and the market has not crossed $70K during this period. If the market crosses 70K dollars, it will definitely create a good support there and by creating a good support, the market will likely go higher later. Looking at the current state of the market, it seems that the market will soon be in a better state.
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Lol 😂, very well said bud, unfortunately, as long as the cryptocurrency market is open for everyone 24 hours a day and 7 days a week, we can never do away with people who will invest a hundred dollar today and expect to cash out a hundred thousand dollars tomorrow...
~snip~
Of course, the market is open to everyone who has money and access to the internet, and compared to 10 years ago, many more people have access to the internet than then. Such an influx of new and inexperienced users is just a continuation of what always happens - and that is that the big fish always eat the small ones.
Research shows that about 95% of those who invest (trade) with cryptocurrencies mostly make losses, and this is also the reason why the remaining 5% manage to get rich or at least make a decent profit. I don't know if the current drop has any specific cause, but I read that it is attributed to interest rate cuts and the decision of the Federal Reserve, which should be known today.
~snip~
We jumped 140% in conditions not so good, with high-interest rates, with no clear path, just because of ETFs which most people didn't even use, the block reward supply cut is already offset in $ value since the price is more than double so there is no reduction in the offer, I think we did pretty good, but it's not really the time of cheap money everywhere, my bets for another growth (sizeable one) are for august with monetary policies change, both in the US and EU.
I hope that this "cheap money" will once again become a reality, because we have been hearing for months that interest rates will go down, but it seems that things in the US are not going in a positive direction. However, I am not at all surprised that the price of BTC started to fall, because outflows from ETFs show that most of their investors were only looking for short-term profit.
I think the current mission of the "men in black" is called "how to lower the price of BTC as low as possible" for a new round of profits.
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Recently found such joke in the internet - bullrun will start in 4 months, when CZ gets out of the jail. I am not saying that current price drop is related to sentence he was given recently, but like it is said: «each joke has part of truth in it». Just my imagination - CZ gets out of the jail, he will be totally free men that has repaid his debt, he still has a lot of money and reputation. If he decides to create something crypto related, it will be boom on the market.
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Recently found such joke in the internet - bullrun will start in 4 months, when CZ gets out of the jail. I am not saying that current price drop is related to sentence he was given recently, but like it is said: «each joke has part of truth in it». Just my imagination - CZ gets out of the jail, he will be totally free men that has repaid his debt, he still has a lot of money and reputation. If he decides to create something crypto related, it will be boom on the market.
Everything could really be possibly be that a reason to kick on the bull run market and its true that it might really that something looks like a joke but there would really be instances that these
kind of incidents or situations could really be able to be the actual reason on why the market would really be having that sudden u-turn. This kind of things or fundamentals could really be able to make out some effect and it wouldreally be that entirely be depending on the actual community plus market trend if there would really be some shift into this one or wont really be
that having no effect at all. No one really knows on what would happen as always.
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I understand that its not looking like we are going to end up with a bit of a bad period and that's why people are worried, there is nothing wrong with that and I understand the situation. However, we need to make sure that we are dealing with something nice here, its not going to be all that simple if we are careless about it, so we need to make sure that price could still go up. If you react like its going to end up with a terrible result at all times, then you are not going to profit from it when the price goes up, you should try to do your very best no matter how much bad hand you are given in the end.
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"hi bud, is there still going to be a bull run this year?"
😂 Noob question yeah!, but thats what a dude asked me this evening, he's a newbie though, he joined crypto late January this year (2024), I wasnt the one who introduced crypto to him, but he approached me one time in February, and I assisted him on buying his first bitcoin, and since then, he's been investing on his own.
But I was surprised when he asked me if there was still going to be a bull run this year, I paused for a while cus I didn't know what to answer him, I've never discussed anything concerning or patterning to bull run with him before, so I was a kind of puzzled when he asked me that.
Later on, I simply told him I don't know, that I can't predict the market, but then, I could notice he wasn't satisfied with that answer, he probably expected me to say "yes", as a way for him to reassure himself of his expections, but then again, I couldn't lie to him.
I am as well putting out the same question out here for the community, is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁
I would say yes but when will it start is difficult to predict. I don't see the current price as a strong support. Proll 48k will be that strong support that would create demand for a potential rally. Just a personal opinion but let's see how it plays out
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, but it's not really the time of cheap money everywhere, my bets for another growth (sizeable one) are for august with monetary policies change, both in the US and EU.
I agree. Interest rates in US will basically control money inflows and outflows everywhere
Until their interest rates drop, we would see the big ATH we are all waiting for.
it is time to accumulate more.
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Even though the conditions are this bad now, I'm still pretty sure that if there is still a big fourth, it will be a bullrun. It's just that we need a much higher level of patience to welcome it. because even now Bitcoin breaks the resistance again. So the price really fell and fell well below $60k, even touching $56,555 as the lowest point of the day. It could be that this period is still not over and will come down again.
But market will be changing. It won't continue to decline, especially since the current bullish era, in my opinion, is still not ready yet, so just be patient,
I understand that its not looking like we are going to end up with a bit of a bad period and that's why people are worried, there is nothing wrong with that and I understand the situation. However, we need to make sure that we are dealing with something nice here, its not going to be all that simple if we are careless about it, so we need to make sure that price could still go up. If you react like its going to end up with a terrible result at all times, then you are not going to profit from it when the price goes up, you should try to do your very best no matter how much bad hand you are given in the end.
In fact, there is no guarantee that the price of Bitcoin and all markets will rise again. But what you say is true, we have to be sure of ourselves to believe again that Bitcoin and the market will survive and will really rise again. We have just faced the halving and this is only the first few weeks of the halving. So the effect isn't that big yet. even far compared to the approved Bitcoin ETF. Meanwhile, the halving is a much-anticipated moment, isn't it? So, I think it will be a further influence in the future.
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Recently found such joke in the internet - bullrun will start in 4 months, when CZ gets out of the jail. I am not saying that current price drop is related to sentence he was given recently, but like it is said: «each joke has part of truth in it». Just my imagination - CZ gets out of the jail, he will be totally free men that has repaid his debt, he still has a lot of money and reputation. If he decides to create something crypto related, it will be boom on the market.
I don’t think that one person is capable of doing this. Despite the reputation and means that he has, the problem is that a boom happens when you do something new. Perhaps it will be possible to do something local that will improve his financial situation nothing more. But perhaps I I'm wrong.
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😂 Noob question yeah!, but thats what a dude asked me this evening, he's a newbie though, he joined crypto late January this year (2024), I wasnt the one who introduced crypto to him, but he approached me one time in February, and I assisted him on buying his first bitcoin, and since then, he's been investing on his own.
It's good that your newbie friend has some free time to make some research, and he's learning without the help of other people I believe. If you have some free time, guide and teach him even at least the basics. :)
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Later on, I simply told him I don't know, that I can't predict the market, but then, I could notice he wasn't satisfied with that answer, he probably expected me to say "yes", as a way for him to reassure himself of his expections, but then again, I couldn't lie to him.
I am as well putting out the same question out here for the community, is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁
Why do you care about his reaction towards your answer? What matters most is the fact that you really don't know what can happen in the future. Don't give him assurance as it might hurt even more because he's expecting for a bull run to happen, and yet it didn't happen. It will be very disappointing for him if he's preparing for the bull run, but it didn't happen.
Just focus on the reality. Sometimes, truth hurts so what you did is just good. Don't lie to him and just say "yes" even you really don't know what can happen in the future. As for your answer, like what you said, we don't know as well, but basing on the history of the price of Bitcoin, price of it usually go up significantly after the halving event so it can happen, but not 100% sure that it will happen.
Maybe just say to him "I don't know, but based on history, Bitcoin's price goes up significantly after the halving event." Say to him that don't expect too much as well. :D
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Recently found such joke in the internet - bullrun will start in 4 months, when CZ gets out of the jail. I am not saying that current price drop is related to sentence he was given recently, but like it is said: «each joke has part of truth in it». Just my imagination - CZ gets out of the jail, he will be totally free men that has repaid his debt, he still has a lot of money and reputation. If he decides to create something crypto related, it will be boom on the market.
I don’t think that one person is capable of doing this. Despite the reputation and means that he has, the problem is that a boom happens when you do something new. Perhaps it will be possible to do something local that will improve his financial situation nothing more. But perhaps I I'm wrong.
Wont creating Binance 2.0 with new benefits, rules (so he wont get into jail again), followed by a exchange token, create a boom in the industry? What if decides to create a DEX with all features Binance (CEX) have. I am sure that if he does something this with IPO, only lazy crypto enthusiast will not invest in it. I am not a big expert, but I think that when such big crypto figure gets released from custody, he will come up with something new. At least I think he wont stay silent and unnoticed.
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If your skepticism is rooted in the current prices, then don't worry. Right now the entire market is undergoing the post-halving correction period. Remember, bitcoin achieved a new ATH before the halving this time, so the price had to dip and revert to the actual base number. Anyway, historically as well, the bull run comes a few months after the halving. Analysts and HODLers are also positive that the bull run will come. So, I am actually looking forward to the end of the year to see where we stand because I will remain bullish for now and benefit from the dip.
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If your skepticism is rooted in the current prices, then don't worry. Right now the entire market is undergoing the post-halving correction period. Remember, bitcoin achieved a new ATH before the halving this time, so the price had to dip and revert to the actual base number. Anyway, historically as well, the bull run comes a few months after the halving. Analysts and HODLers are also positive that the bull run will come. So, I am actually looking forward to the end of the year to see where we stand because I will remain bullish for now and benefit from the dip.
People with a positive attitude toward the current conditions are the ones who will benefit the most from the upcoming bull run because those who think negatively about the market and think that because the market is going a bit negative, there might not be a bull run anymore but as you said, they are ignoring the fact that the bull run never comes right after the halving event but it takes at least a few months before it starts showing effects.
The ones who lack experience and knowledge about the market will think this way because someone who has seen what happened in the past or at least has researched about it would know how things roll in the market in such times.
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Wont creating Binance 2.0 with new benefits, rules (so he wont get into jail again), followed by a exchange token, create a boom in the industry? What if decides to create a DEX with all features Binance (CEX) have. I am sure that if he does something this with IPO, only lazy crypto enthusiast will not invest in it. I am not a big expert, but I think that when such big crypto figure gets released from custody, he will come up with something new. At least I think he wont stay silent and unnoticed.
Well, who the hell knows, to be honest, it seems to me that it all depends on how much they treated him while he was languishing in the dungeon. And the idea of a decentralized exchange is not new, I think the name does not play a special role. But to create an exchange without CUS, this would be a number , but this is unlikely.
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I am as well putting out the same question out here for the community, is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁
Let's pack our bags and go on a vacation to Thailand haha. Just kidding. Well, I have that question in my mind as well. But then I give thought about why I want an out from the market, I don't want an out, I want to be in. But also, I want to be in profit. So, considering the current scenarios which are unique history-wise. So, predicting the future is a bit difficult at the moment. But in the long run, we should plan accordingly.
For example, if I invested in BTC then I will wait for 2025's first quarter if till then I saw some good profit I will be out of the market and then wait for the best opportunity to reinvest otherwise if things go south then obviously I don't have any other option but to wait for the next halving and bull run. And I don't want that so I will act accordingly. Newbies mostly came up with such questions, and to deal with them we should not say no we don't know the future instead we should give them the whole idea which we have in our minds if any.
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Currently we have just entered the second quarter of 2024, the Bitcoin halving has also just occurred. Of course, the potential for a bull run is still very much there and is eagerly awaited by all cryptocurrency players, be they investors or crypto traders.
If we currently see Bitcoin and Altcoin prices in the market going down, then we should enter the market and buy more coins to add to our portfolio.
Agree, we are still in the beginning of 2024, Q2 of 2024. So, we don't feel too afraid about the bullrun season. Since the halving of Bitcoin just happened few weeks ago, we must be patient to wait for the increase of Bitcoin price. If the prices of Bitcoin and altcoins are dropping now, it is because the hype is over. In this time, we must try to feel calm and don't need to feel frustrated.
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I am as well putting out the same question out here for the community, is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁
Nah, it's just that we are somewhat in the bearish sentiments after the halving that's it. Short term? at least at the end of the year, we might be looking around $80k-$100k. And then long term, the all time high that we all have been waiting for. Just like the last bull run, it take months before we can realized the price going on parabolic rise.
So I won't even think that we should pack our bags, on the contrary, we can do that, arrange our travel bags and go to vacation and just wait for the price to increase this year. ;D
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I am as well putting out the same question out here for the community, is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁
Nah, it's just that we are somewhat in the bearish sentiments after the halving that's it. Short term? at least at the end of the year, we might be looking around $80k-$100k. And then long term, the all time high that we all have been waiting for. Just like the last bull run, it take months before we can realized the price going on parabolic rise.
So I won't even think that we should pack our bags, on the contrary, we can do that, arrange our travel bags and go to vacation and just wait for the price to increase this year. ;D
Your thoughts must give you relief as you are prepared to wait for a long time and I think the market will definitely reach a higher level during this time. Every time after a halving we see that effect in the market. And the same is expected in this halving. If we can wait until the end of this year, we may see prices of 100k or more. Although we saw an ATH a few days ago, we have yet to see a bull run this time so hopefully the expected bull run will start soon.
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I laughed at your last question Op, hehe... but even so, I don't think that those who have been here for a long time in the crypto space, I think they have been relocated here in the crypto business.
In short, this is our home already, because we have been getting a source of earnings here for several years. so the bull run we expected to happen. and we always prepare for that because what we think about is the future for our family.
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Agree, we are still in the beginning of 2024, Q2 of 2024. So, we don't feel too afraid about the bullrun season. Since the halving of Bitcoin just happened few weeks ago, we must be patient to wait for the increase of Bitcoin price. If the prices of Bitcoin and altcoins are dropping now, it is because the hype is over. In this time, we must try to feel calm and don't need to feel frustrated.
The bull run is at the starting stage but people are already in fear of losing money and many of them have sold their coins at a lower price as they assume that the market will go down more. People don't show patience here and if they were in patience then they will not be affected by current market condition and also they don't know the basics which become a great troubles for them.
I don't think that market bull season will not sustain more and will end but i assume that bull season will be in this year and will continue also next year so don't sell now as it is alarming but accumulate more as this time is suitable for buying.
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Agree, we are still in the beginning of 2024, Q2 of 2024. So, we don't feel too afraid about the bullrun season. Since the halving of Bitcoin just happened few weeks ago, we must be patient to wait for the increase of Bitcoin price. If the prices of Bitcoin and altcoins are dropping now, it is because the hype is over. In this time, we must try to feel calm and don't need to feel frustrated.
The bull run is at the starting stage but people are already in fear of losing money and many of them have sold their coins at a lower price as they assume that the market will go down more. People don't show patience here and if they were in patience then they will not be affected by current market condition and also they don't know the basics which become a great troubles for them.
I don't think that market bull season will not sustain more and will end but i assume that bull season will be in this year and will continue also next year so don't sell now as it is alarming but accumulate more as this time is suitable for buying.
Are you sure? After all, these are all just your guesses, nothing more. If I ask for facts, I don’t think I will hear them, they are facts and not speculation. In addition, taking profits is also an integral part of investing. Therefore, those who sold on highs are well done and those who sold now, perhaps they also did the right thing. Then you can buy many more times if the bullish trend really starts
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Well, Bitcoin has dropped under 60k and other cryptos have also started to dip a bit. So nobody can predict what would happen in future, it may dip even further. The market has been a bit unstable for some time. So investors should not rush in investing in this unstable situation.
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Well, Bitcoin has dropped under 60k and other cryptos have also started to dip a bit. So nobody can predict what would happen in future, it may dip even further. The market has been a bit unstable for some time. So investors should not rush in investing in this unstable situation.
So far today, the market has been greenish and surpassed it's previous price which means there is hope for price increase. Although nobody can predict the market direction but however the speculations keep coming that Bitcoin would surpass it's all time high and that is what most enthusiast are looking forward to.
Hold your bag, take your seat and get ready for whatever the result or outcome may be.
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Well, Bitcoin has dropped under 60k and other cryptos have also started to dip a bit. So nobody can predict what would happen in future, it may dip even further. The market has been a bit unstable for some time. So investors should not rush in investing in this unstable situation.
So far today, the market has been greenish and surpassed it's previous price which means there is hope for price increase. Although nobody can predict the market direction but however the speculations keep coming that Bitcoin would surpass it's all time high and that is what most enthusiast are looking forward to.
Hold your bag, take your seat and get ready for whatever the result or outcome may be.
Rumors will not get you far. Well, besides, as a rule, rumors are spread for a specific purpose. And this goal is clearly not noble. So you should not listen to gossip, rumors of seers and fortune-tellers. The most correct thing is to determine the current direction and sail along it, and not try to anticipate and pretend to be a guru.
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I am as well putting out the same question out here for the community, is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁
If halving was the only reason why you were hodling your bitcoins, then you are not qualified to be a holder or a long-term investor because a qualified holder would hodl regardless of whether the halving met their expectations or not.
If you have invested in bitcoins, you need to be patient.
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I am as well putting out the same question out here for the community, is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁
If halving was the only reason why you were hodling your bitcoins, then you are not qualified to be a holder or a long-term investor because a qualified holder would hodl regardless of whether the halving met their expectations or not.
If you have invested in bitcoins, you need to be patient.
Well, if you are referring to me, then you are completely wrong, and you possibly did not understand the op well, I am a long term holder of bitcoin, and even more like a bitcoin trader, since I buy and sell bitcoin, saved up one I regard as my long term investment, I mean, I've been here since 2016 and if until now, I am yet to understand the importance of investing and holding bitcoin for long term, then I do not deserve to still be in crypto.
My post is all about a friend who is sure new to crypto, he possibly bought bitcoin with a mindset that immediately after the halving, the price will rise, but when that didn't happen, he came asking me if there isn't going to be a bull run anymore.
This is what this thread is all about.
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We are still in the bullrun to me, because the crypto market is not going dipper any longer as we used to have some times back late last year, we have already attained a all time high on bitcoin market price of $73,000 and we anticipate to go more longer than we have already seen to this extent, bitcoin is still going to $100,000 and we should be getting ready for that as it makes a new all time high the more.
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"hi bud, is there still going to be a bull run this year?" I am as well putting out the same question out here for the community, is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁
Yeah, if possible each of us should pack their bag and go home, unleash their bag open when their predicted price of bitcoin is reached.
Many of us have a price as to when to sell our bitcoin, we are just waiting for that predicted price to come before we can sell. We don't know how long it will take, but we know it will be soon since we are done with the bitcoin halving. In months, we will see a massive price movement of bitcoin because of what we have learned about bitcoin given an ATH months after halving. However, the bull run currently kick-starting, maybe around June we can see a bitcoin price of $80k, and before the end of the year, a $100k price tag can be possible. Many crypto investors will sell to that price and many would in the same vein hodl their bitcoin to a higher price
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Currently we have just entered the second quarter of 2024, the Bitcoin halving has also just occurred. Of course, the potential for a bull run is still very much there and is eagerly awaited by all cryptocurrency players, be they investors or crypto traders.
If we currently see Bitcoin and Altcoin prices in the market going down, then we should enter the market and buy more coins to add to our portfolio.
Agree, we are still in the beginning of 2024, Q2 of 2024. So, we don't feel too afraid about the bullrun season. Since the halving of Bitcoin just happened few weeks ago, we must be patient to wait for the increase of Bitcoin price. If the prices of Bitcoin and altcoins are dropping now, it is because the hype is over. In this time, we must try to feel calm and don't need to feel frustrated.
The Bull run will eventually happen, it is believed that the market is currently in a recuperation period. The market is believed to have a particular time that it needs to reset in order to gain more momentum and prepare for the next bull run. Honestly, I really don't know how authentic this information is, but I heard it from a reliable source, and there's actually sense in it. So if that's true, then the current market state should be considered the recuperation period to prepare the market for its next bull run.
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It is true that you cannot predict the market and not only you but nobody can predict the market in advance so your point is accurate but after this you should talk to your friend that bull season has been started but the dump is the important part of the market which we cannot avoid.
There is no reason to hesitate because your friend should learn all the things before accepting Bitcoin and he should also understand that no one has the ability to predict the market so he would not be disappointed with your answer. The market will surely hit the new ATH and everyone is waiting for such an occasion so here is time to utilize your patience until the end of this year or must be it takes time to happen in next year so be calm to wait for your desired value attainment.
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Currently we have just entered the second quarter of 2024, the Bitcoin halving has also just occurred. Of course, the potential for a bull run is still very much there and is eagerly awaited by all cryptocurrency players, be they investors or crypto traders.
If we currently see Bitcoin and Altcoin prices in the market going down, then we should enter the market and buy more coins to add to our portfolio.
Agree, we are still in the beginning of 2024, Q2 of 2024. So, we don't feel too afraid about the bullrun season. Since the halving of Bitcoin just happened few weeks ago, we must be patient to wait for the increase of Bitcoin price. If the prices of Bitcoin and altcoins are dropping now, it is because the hype is over. In this time, we must try to feel calm and don't need to feel frustrated.
The Bull run will eventually happen, it is believed that the market is currently in a recuperation period. The market is believed to have a particular time that it needs to reset in order to gain more momentum and prepare for the next bull run. Honestly, I really don't know how authentic this information is, but I heard it from a reliable source, and there's actually sense in it. So if that's true, then the current market state should be considered the recuperation period to prepare the market for its next bull run.
We all make predictions but nothing is certain even if many things happen according to the prediction but not all will be happen. Many of us thought that the market might continue to be bullish after the halving but the market is holding the opposite position. However, Bitcoin's history we didn't see bullish movement after the halving. It takes more time form the halving. According to that direction may be the case. By the current market condition, I believe that the market will be bullish but it will definitely take time. When all buyers' sentiments will reach the same level, the market will be bullish. A bull market has started but the market is not yet fully bullish.
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Currently we have just entered the second quarter of 2024, the Bitcoin halving has also just occurred. Of course, the potential for a bull run is still very much there and is eagerly awaited by all cryptocurrency players, be they investors or crypto traders.
If we currently see Bitcoin and Altcoin prices in the market going down, then we should enter the market and buy more coins to add to our portfolio.
Agree, we are still in the beginning of 2024, Q2 of 2024. So, we don't feel too afraid about the bullrun season. Since the halving of Bitcoin just happened few weeks ago, we must be patient to wait for the increase of Bitcoin price. If the prices of Bitcoin and altcoins are dropping now, it is because the hype is over. In this time, we must try to feel calm and don't need to feel frustrated.
The Bull run will eventually happen, it is believed that the market is currently in a recuperation period. The market is believed to have a particular time that it needs to reset in order to gain more momentum and prepare for the next bull run. Honestly, I really don't know how authentic this information is, but I heard it from a reliable source, and there's actually sense in it. So if that's true, then the current market state should be considered the recuperation period to prepare the market for its next bull run.
Indeed it will happen eventually, it might take some time though, maybe at the end of the month we might see 6 figures already. And then next year in 2025, if the cycle is not going to be broken, then we might see a new all time high and again, will be the first time that we will see $100k at least as the minimum for this bull run.
So patience is the key here, or we should continue to accumulate Bitcoin as much as we can in this time and then HODL for the long term and wait for the bull run, easy strategy right? But we need to endure at least the next 12 months or so.
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With the current market situation as of now, we still have the bullrun in continuation and there seems to be no bearish move from what had been seen recently, this season is meant for the market to rise and also sustain that for some time till we are close to the market price of about $200,000 this bull season, which also means, there are more to expect in the coming months and days of this year till the new all time high is achieved for this year halving.
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With the current market situation as of now, we still have the bullrun in continuation and there seems to be no bearish move from what had been seen recently, this season is meant for the market to rise and also sustain that for some time till we are close to the market price of about $200,000 this bull season, which also means, there are more to expect in the coming months and days of this year till the new all time high is achieved for this year halving.
Very bullish when you try to look at the "all" time frame you can see that Bitcoins price keep going up though there are deep pull backs but thats natural in the crypto world due to correction and bullrun can happen anytime soon especially in the four year cycle that is why we ahve to prepare for that event or else we will miss it again.
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With the current market situation as of now, we still have the bullrun in continuation and there seems to be no bearish move from what had been seen recently, this season is meant for the market to rise and also sustain that for some time till we are close to the market price of about $200,000 this bull season, which also means, there are more to expect in the coming months and days of this year till the new all time high is achieved for this year halving.
I think the same, of course, some people are alarmed because the market has gone down lately, I even saw some tabs out there that said that from $58k it was going to easily go down to $52k and that is something that if many investors read it they can get carried away by that logic and it is not like that, in fact we have many things that can show that it is going to rise, first the ETF effect, the Halving effect and apart from that bitcoin grows or enters a bullish trend every 4 years and that is something that is very significant, so Even if we look at it, it can be quite good, and it means everything for it to be done well and turn out well, it is a way of thinking that can turn out to be very good and to have a lot of patience for it to happen.
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Well, Bitcoin has dropped under 60k and other cryptos have also started to dip a bit. So nobody can predict what would happen in future, it may dip even further. The market has been a bit unstable for some time. So investors should not rush in investing in this unstable situation.
So far today, the market has been greenish and surpassed it's previous price which means there is hope for price increase. Although nobody can predict the market direction but however the speculations keep coming that Bitcoin would surpass it's all time high and that is what most enthusiast are looking forward to.
Hold your bag, take your seat and get ready for whatever the result or outcome may be.
Rumors will not get you far. Well, besides, as a rule, rumors are spread for a specific purpose. And this goal is clearly not noble. So you should not listen to gossip, rumors of seers and fortune-tellers. The most correct thing is to determine the current direction and sail along it, and not try to anticipate and pretend to be a guru.
Obviously these rumours have made people and also the rumours have brought many people down. Just as you have said, it is not advisable to give a listening ear to such whenever you hear it as it might not really be as you think it is but rather some few elements out there using such rumours to gain way in manipulating the market for their own selfish interest because they know many people would fall for it and that has been their usual strategy to get the market in their favour. This keeps happening all over and I wonder why people can not be able to decode it and know what to do immediately.
As you have said, looking at the market and flowing in line with the direction could just put you on the right track saving you some stress of being at loss all the time. Some rumours are not just worth the time and efforts panicking about.
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Well, Bitcoin has dropped under 60k and other cryptos have also started to dip a bit. So nobody can predict what would happen in future, it may dip even further. The market has been a bit unstable for some time. So investors should not rush in investing in this unstable situation.
So far today, the market has been greenish and surpassed it's previous price which means there is hope for price increase. Although nobody can predict the market direction but however the speculations keep coming that Bitcoin would surpass it's all time high and that is what most enthusiast are looking forward to.
Hold your bag, take your seat and get ready for whatever the result or outcome may be.
Rumors will not get you far. Well, besides, as a rule, rumors are spread for a specific purpose. And this goal is clearly not noble. So you should not listen to gossip, rumors of seers and fortune-tellers. The most correct thing is to determine the current direction and sail along it, and not try to anticipate and pretend to be a guru.
Obviously these rumours have made people and also the rumours have brought many people down. Just as you have said, it is not advisable to give a listening ear to such whenever you hear it as it might not really be as you think it is but rather some few elements out there using such rumours to gain way in manipulating the market for their own selfish interest because they know many people would fall for it and that has been their usual strategy to get the market in their favour. This keeps happening all over and I wonder why people can not be able to decode it and know what to do immediately.
As you have said, looking at the market and flowing in line with the direction could just put you on the right track saving you some stress of being at loss all the time. Some rumours are not just worth the time and efforts panicking about.
There will always be more things that we will see on the Web, in the lists of some Influencers many things, including good and bad, among the bad I Consider is that they say that the price will go down, well it is something normal, every market needs to have many Corrections so that it can be and be made to move in a General Way , for that Reason we must always Generate many things to keep the faith intact in bitcoin nn, it's simple, do you have bitcoin? price Dropped? Well, let's buy, as long as you Know how to buy, the only Advice I give is to buy cheap, and most of them look for the DCA method, it seems good to me, but the closer they get to Doing things, the better what they are looking for, Being patient.
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Obviously these rumours have made people and also the rumours have brought many people down. Just as you have said, it is not advisable to give a listening ear to such whenever you hear it as it might not really be as you think it is but rather some few elements out there using such rumours to gain way in manipulating the market for their own selfish interest because they know many people would fall for it and that has been their usual strategy to get the market in their favour. This keeps happening all over and I wonder why people can not be able to decode it and know what to do immediately.
As you have said, looking at the market and flowing in line with the direction could just put you on the right track saving you some stress of being at loss all the time. Some rumours are not just worth the time and efforts panicking about.
There will always be more things that we will see on the Web, in the lists of some Influencers many things, including good and bad, among the bad I Consider is that they say that the price will go down, well it is something normal, every market needs to have many Corrections so that it can be and be made to move in a General Way , for that Reason we must always Generate many things to keep the faith intact in bitcoin nn, it's simple, do you have bitcoin? price Dropped? Well, let's buy, as long as you Know how to buy, the only Advice I give is to buy cheap, and most of them look for the DCA method, it seems good to me, but the closer they get to Doing things, the better what they are looking for, Being patient.
Most times, all these panic selling are just as a result of the post and comments of influencers just to manipulate the market and weak hands fall for it so fast. Of a truth markets always need price corrections and that also contribute in setting up a new price and market direction of a while in the bear.
When the market is down that is most preferably the best time to bag more of Bitcoin for those investors who are looking for the opportunity to invest in Bitcoin. The price correction just last for a while before the new all time high would be achieved that is why it is advisable to buy now or most times that the market is down.
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With the current market situation as of now, we still have the bullrun in continuation and there seems to be no bearish move from what had been seen recently, this season is meant for the market to rise and also sustain that for some time till we are close to the market price of about $200,000 this bull season, which also means, there are more to expect in the coming months and days of this year till the new all time high is achieved for this year halving.
It's up to you whatever your predictions are, but my target is not that high. I intend to sell my BTC gradually at a price range between $80k to $130k... if that's possible. It's true, the post-halving bullrun is not yet visible, and everyone is still waiting for that moment. It looks like it will take several months to welcome it and it is estimated that the bullrun will occur from the middle of this year to the end of the year. Hopefully this stupid prediction actually comes true.
As long as we cannot change market conditions significantly, all we can do is wait for things to come by themselves. There may be prediction errors, so always prepare yourself to face the worst possibility.
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After this correction, the price would go up again, and then should it be counted as a bull run? This is a vague question IMO since the market is volatile. But if your friend thinks that is there parabolic price movement like the pre-2017 era? Then the answer would probably be no. The higher the market cap / the price, the lower the volatility, to the point that it looks flat on the logarithmic scale.
Yes i am agree with you, i also think now Bitcoin price correction running. Now market is gradually down. Some days ago we saw now ATH of Bitcoin History. Bitcoin price touched $73k and now bitcoin price is near about $62k. I think after this correction bitcoin price will up again. And within short dltime it will hit minimum $100k.