Will the bull season continue forever????

[joniboini]

Some people will miss taking profit at all time high to be honest because before now, everyone has been eyeing 100k and now, all of a sudden the sentiment has change to $150k, this is how some people lose taking profits.

Yeah, I saw some people predicting the new ATH will be $250k, $300k, and so on. Watching social media influencers change their narrative in a short time is quite amusing, to say the least. While I believe some of them genuinely fall for fomo, some of them try to get a better position to exit the market by encouraging people to do the same. If I learned anything after witnessing 2 cycles, is that fomo is difficult to control unless you've experienced making mistakes before.

[target]

Some people will miss taking profit at all time high to be honest because before now, everyone has been eyeing 100k and now, all of a sudden the sentiment has change to $150k, this is how some people lose taking profits.

Yeah, I saw some people predicting the new ATH will be $250k, $300k, and so on. Watching social media influencers change their narrative in a short time is quite amusing, to say the least. While I believe some of them genuinely fall for fomo, some of them try to get a better position to exit the market by encouraging people to do the same. If I learned anything after witnessing 2 cycles, is that fomo is difficult to control unless you've experienced making mistakes before.

Investors I think are still hoping for another bounce when it dips but when it continue to dip as bear begins, that is when they find out the bears are starting to dump.

And that's when they are selling. They still profit though unlike those who hold longer thinking it will still shoot after the dip. For new retail investors the greed is the cause of this loss.

[legend45]

Some people will miss taking profit at all time high to be honest because before now, everyone has been eyeing 100k and now, all of a sudden the sentiment has change to $150k, this is how some people lose taking profits.

Yeah, I saw some people predicting the new ATH will be $250k, $300k, and so on. Watching social media influencers change their narrative in a short time is quite amusing, to say the least. While I believe some of them genuinely fall for fomo, some of them try to get a better position to exit the market by encouraging people to do the same. If I learned anything after witnessing 2 cycles, is that fomo is difficult to control unless you've experienced making mistakes before.

Investors I think are still hoping for another bounce when it dips but when it continue to dip as bear begins, that is when they find out the bears are starting to dump.

And that's when they are selling. They still profit though unlike those who hold longer thinking it will still shoot after the dip. For new retail investors the greed is the cause of this loss.

To avoid greed we must have an initial plan when making an investment because if we are consistent with the initial plan we will not be affected by greed that will make us lose the opportunity to sell our coins.
but sometimes greed appears when the market moves up high and we hope to get higher profits than what we targeted at the beginning.

[Bobcrypto]

In my opinion, the increase in bitcoin is not caused by a trend but by something that drives people to want to buy it, what is that? It is a success in the future and those who buy bitcoin for the long term because they believe that in the future bitcoin will continue to develop and advance so that it is in great demand by everyone. Market conditions like this will continue until 2025, making the price of bitcoin even higher, that's why everyone is flocking to buy it.

What makes people want to buy Bitcoin is not just the success in future, but what will make people to buy Bitcoin is the future scarcity.
As you may know, the maximum amount of Bitcoin that must exist is 21 million, already about 20 million has been mined and the circulating supply is around 19874725 as at today.
Now, scarcity enhances demand/supply, and drive prices at intervals; an increase in demand will cause price to increase and the increase supply will cause a decrease in price vice visa.
In a nutshell, the number of Bitcoin that must exist is about to be fully mined and the Cryptocurrency community know that there shall be scarcity in the future that will definitely increase the price of Bitcoin. It is obvious that Bitcoin future is very bright.

[ajiz138]

To avoid greed we must have an initial plan when making an investment because if we are consistent with the initial plan we will not be affected by greed that will make us lose the opportunity to sell our coins.
but sometimes greed appears when the market moves up high and we hope to get higher profits than what we targeted at the beginning.

Yes, greed will always appear, especially when seeing the increasing price movement. I think everyone will feel it all, the difference is that some can control it well and some cannot control it all.

Before we are really in this room, we actually have to understand the knowledge of greed or fear from the start. because this will greatly determine the investment journey or trading that we do. Keep in mind that greed is one of the factors that makes people fail.

[ZAINmalik75]

In conclusion, most people tend to give speculations that are not real and may likely persuade newbies to fall into some risks that may take a longer time to be retraced..
That's the reason it is always advised to DYOR before diving into any aspect of crypto..

Your thoughts..

BTC cannot touch $300k in this January and if you want to bet then I am on haha sorry just a joke we should not bet on price but whoever said that BTC will make $300k ATH in the January of 2025 is really a dumb person or to optimistic about the price of BTC. Until Donald make any action we won't see any big pumps.

Touching $100k is a big target for BTC and expecting it to touch $300k is stupid. Bull run will not be forever no matter how high adoption has been and still happening.

[densus88]

To avoid greed we must have an initial plan when making an investment because if we are consistent with the initial plan we will not be affected by greed that will make us lose the opportunity to sell our coins.
but sometimes greed appears when the market moves up high and we hope to get higher profits than what we targeted at the beginning.

Yes, greed will always appear, especially when seeing the increasing price movement. I think everyone will feel it all, the difference is that some can control it well and some cannot control it all.

Before we are really in this room, we actually have to understand the knowledge of greed or fear from the start. because this will greatly determine the investment journey or trading that we do. Keep in mind that greed is one of the factors that makes people fail.

I also often feel greedy in taking profits but I am always realistic when doing that by continuing to see market movements and always focusing on monitoring the market so that the market does not suddenly go down and we have not had time to sell our coins. Greed is something natural and we should be able to control it.

[JISAN]

Some people will miss taking profit at all time high to be honest because before now, everyone has been eyeing 100k and now, all of a sudden the sentiment has change to $150k, this is how some people lose taking profits.

Yeah, I saw some people predicting the new ATH will be $250k, $300k, and so on. Watching social media influencers change their narrative in a short time is quite amusing, to say the least. While I believe some of them genuinely fall for fomo, some of them try to get a better position to exit the market by encouraging people to do the same. If I learned anything after witnessing 2 cycles, is that fomo is difficult to control unless you've experienced making mistakes before.

250-300k is totally impossible for now. bitcoin price can reach maximum of $100k. which price you mentioned it can happen after 2-3 halving periods complete. the whole crypto market are passing a lot of hype for the us election right now. Donald Trump supporting and speak positivity about bitcoin. that's why Bitcoin price just rising now. but this hype can push bitcoin to $100k not more i think. I don't know who predict Bitcoin price $250-300k i think it is not possible for now

[bitcoin-shark]

Nothing is forever, in my opinion bitcoin will rise to around $120k and then will retrace, bringing all the other altcoins and therefore the market in general downwards

[robelneo]

In conclusion, most people tend to give speculations that are not real and may likely persuade newbies to fall into some risks that may take a longer time to be retraced..
That's the reason it is always advised to DYOR before diving into any aspect of crypto..

Your thoughts..

The Cryptocurrency market will stop being a volatile market if bull run continues to happen, which is unlikely to happen because people are selling for profit and we have no control on these people, we are with Bitcoin experience dips but not crashing and We love Bitcoin to experience dips because that will open an opportunity to sell for future profit.
The volatility will continue to stay because investors have different preferences and motivations on how they buy and sell.

[Cryptsafe]

Some people will miss taking profit at all time high to be honest because before now, everyone has been eyeing 100k and now, all of a sudden the sentiment has change to $150k, this is how some people lose taking profits.

Yeah, I saw some people predicting the new ATH will be $250k, $300k, and so on. Watching social media influencers change their narrative in a short time is quite amusing, to say the least. While I believe some of them genuinely fall for fomo, some of them try to get a better position to exit the market by encouraging people to do the same. If I learned anything after witnessing 2 cycles, is that fomo is difficult to control unless you've experienced making mistakes before.

250-300k is totally impossible for now. bitcoin price can reach maximum of $100k. which price you mentioned it can happen after 2-3 halving periods complete. the whole crypto market are passing a lot of hype for the us election right now. Donald Trump supporting and speak positivity about bitcoin. that's why Bitcoin price just rising now. but this hype can push bitcoin to $100k not more i think. I don't know who predict Bitcoin price $250-300k i think it is not possible for now

Such price for Bitcoin is achievable but in a long term because it would take many corrections and retracement for Bitcoin to keep soaring high and all these takes time to achieve so that the volatile nature can allow for growth and circulation.  Bitcoin is has every potential in it to achieve that price but for now, I don't think it is realistic and come to talk of it, how many years did it take Bitcoin to reach this current price it is now that it would just begin to pump to that amount within a few months non stop.

[Tribalchief]

I was tensed to start this topic because of the perspective of some fraction BTC HODLers I came across, with the saying that goes "I will HODL my asset until it's price reach $300k and that will be by January 2025"....
What!!!! Could this really be as it seems....

I begin to wonder if some calibre of people take the Crypto market as a magical land where you makes wishes and they come through... Believing that as the market is experiencing green candles and uptrends, it is likely to continue it forever.... Forgetting that there are factors that determines the trend of the market.

And that's why it is called "speculation". In the crypto market, anyone is allowed to make speculations based on what they think wether it be true or not. Of course, we will definitely have those that will make unrealistic statements, while others will make statements by analyzing previous activities.

I also see most analyst speculating the price of BTC to touch $100k before the end of the year which is most likely possible... And most HODLers are willing to sell at this price range simply meaning that the market will experience some little down trend after such sell off. Giving rise to the bearish season and it will likely stay for a period of time before another bull run.

Now that you've agreed to this analysis of Bitcoin hitting $100K before the end of the year, then you've also made your own speculation.

In conclusion, most people tend to give speculations that are not real and may likely persuade newbies to fall into some risks that may take a longer time to be retraced..
That's the reason it is always advised to DYOR before diving into any aspect of crypto..

Your thoughts..

Not just newbies, but everyone of us should be careful and select the information we process. Some speculations might of course be very true, while others might be wrong, but I believe no one would want to force anything on us. We should rather pick information that might be of use, be it speculation or any other thing.

[ajiz138]

Yes, greed will always appear, especially when seeing the increasing price movement. I think everyone will feel it all, the difference is that some can control it well and some cannot control it all.

Before we are really in this room, we actually have to understand the knowledge of greed or fear from the start. because this will greatly determine the investment journey or trading that we do. Keep in mind that greed is one of the factors that makes people fail.

I also often feel greedy in taking profits but I am always realistic when doing that by continuing to see market movements and always focusing on monitoring the market so that the market does not suddenly go down and we have not had time to sell our coins. Greed is something natural and we should be able to control it.

Well, to anticipate that, we can actually apply a profit target strategy. In spot trading, we can apply 3 targets that we can take and that will keep us from missing out if the market goes back up.

For example, we apply, the first profit target at a price of $ 10, then the second target we set at a price of $ 11, and the one when our target is $ 12. This is a simple example that I also do.

[Publictalk792]

I understand why you are worried. Some Bitcoin holders think prices will go extremely high like $300k by January 2025 which does not seem possible. They forget crypto market goes up and down. Analysts think Bitcoin might reach $100k this year but if many people sell at that price it could cause a temporary drop. This could lead to period of declining prices. This shows how important it is to think carefully and research thoroughly before investing in crypto. Do not just follow predictions that might not happen. New investors might lose money if they are not careful. By the way your warning is helpful reminding us to be realistic and not just hope for impossible things.

[Sim_card]

Some people will miss taking profit at all time high to be honest because before now, everyone has been eyeing 100k and now, all of a sudden the sentiment has change to $150k, this is how some people lose taking profits.

Yeah, I saw some people predicting the new ATH will be $250k, $300k, and so on. Watching social media influencers change their narrative in a short time is quite amusing, to say the least. While I believe some of them genuinely fall for fomo, some of them try to get a better position to exit the market by encouraging people to do the same. If I learned anything after witnessing 2 cycles, is that fomo is difficult to control unless you've experienced making mistakes before.

People are just too greedy and think it's this circle that they will use to hit it big in the cryptospace and make a fortune. This is why they have increased their speculated price of bitcoin to 200k-300k range. It's these set of people that will be carried away with anxiety seeing the price pumping and will expect higher pumps, before they know it they will miss out the bull run and sell in a lower price due to FOMO.