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Author Topic: Is this the end of excitement  (Read 895 times)
Wexnident
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January 13, 2024, 02:16:04 AM
 #21

I have been buying small amounts of bitcoin for over 10 years. While I was always knew bitcoin would grow I did hope that some events might make it jump up in price say 3 to 5 times. Events like etf approval, a harvening etc. I still remember those charts that had predicted supersonic prices by now. But now read that both the etf and harvening aew now priced in and yet the price is not even an earlier all time high.

Does that mean the excitement days are over. Has bitcoin become boring in terms of big price fluctuations☹️

I think it was rather expected, there was already a lot of noise beforehand that Bitcoin ETF was getting approved after all so it isn't really any surprise why the market didn't move as much as most people expected it to move. It is the Bitcoin market after all. There was also probably some stuff that happened in the background with regard to the ETF since we should have seen the market move with the new influx of buyers, but we didn't, so we can expect that they already had the coins to support the levels of new users that were incoming.

I'd probably wait a week to a month to see any big changes really.

R


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January 13, 2024, 02:24:17 AM
 #22

Maybe this is getting more exciting now , because look at how much dropping we have now from which we all expect a great pump after that ETF approval so for me personally this is what a little know about the market or accept actually , the what we called siding or expectation.
while we wanted to see high growth but what we have got is the opposite reaction of the investors and so as the market.
what I was waiting is the coming months because it is normal that as soon as the Halving is coming is the more prices drops its value .









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January 13, 2024, 07:05:51 AM
 #23

I have been buying small amounts of bitcoin for over 10 years. While I was always knew bitcoin would grow I did hope that some events might make it jump up in price say 3 to 5 times. Events like etf approval, a harvening etc. I still remember those charts that had predicted supersonic prices by now. But now read that both the etf and harvening aew now priced in and yet the price is not even an earlier all time high.

Does that mean the excitement days are over. Has bitcoin become boring in terms of big price fluctuations☹️

The exciting days aren't over, the halving after price hasn't been priced in. The ETF price might have been priced as no individual knew how the market will react to the news of Bitcoin ETF been approved but the market usually dumps with the news therefore what's happening to the market was expected. Many individual are selling as they think the market will dump more but don't belike them as they'll regret when the market starts pumping again as we wait for the halving to come.

So many times other individuals has thought that the excitement for Bitcoin is over but they have always been wrong and if you think the excitement is over too, you'll be wrong. Bitcoin ETF just got approved, what makes you think the excitement will be over when this was supported to be the beginning of the excitement. The market will pump back up, this is the whale manipulating the market so they can buy as they missed to buy or didn't buy to their satisfaction before.

R


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January 13, 2024, 07:58:06 AM
 #24

if you have holding bitcoin from 10 years then I think you should not be worried about halving and ETF approval because the price is more higher as compared to 10 years ago. You can easily get profit and your profits will be more than other bitcoin holders as 10 years of duration is very long and your profit will be so higher that it can make you wealthy.

excitement days are not over because still there is a halving period after approval of bitcoin ETF so keep hold it and if you can wait for ten years then for you waiting for three or four months should not matters. In these 10 years bitcoin touched the higher value of 69k$ so you could easily take benefit from that event but I think you missed that opportunity but still there is a chance during halving so don't loss hope and continue your journey of success.



 

 

 

 

 

 


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January 13, 2024, 08:34:24 AM
 #25



I'd probably wait a week to a month to see any big changes really.

I think we need to wait a few months until mid-year to assess the impact of the ETF approval on bitcoin. We should not rush to evaluate what is happening in the short term when ETFs were only approved 2 days ago. I see a lot of people complaining and disappointed about bitcoin's price drop in recent days and claiming that ETFs don't have any positive impact on bitcoin. People always say they are long-term investors, they don't come here to get rich quickly but when bitcoin doesn't increase in price as they expected, they turn to criticize everything, it's funny.

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January 13, 2024, 10:07:51 AM
 #26

I have been buying small amounts of bitcoin for over 10 years. While I was always knew bitcoin would grow I did hope that some events might make it jump up in price say 3 to 5 times. Events like etf approval, a harvening etc. I still remember those charts that had predicted supersonic prices by now. But now read that both the etf and harvening aew now priced in and yet the price is not even an earlier all time high.

Does that mean the excitement days are over. Has bitcoin become boring in terms of big price fluctuations☹️


Over 10 years wow. I guess you're not buying small amount of bitcoin during your first year I bet, because in 2013, bitcoin is below $1k so that means you can literally buy 1 bitcoin effortlessly compared to the price in 2016. There won't be any reason for you to get bored because for sure you have a huge bag if what you said is true. You've come a long way for more than 10 years and yet you worried because bitcoin hasn't start moving yet after the ETF approval news and the upcoming halving. Have you not been in the market from the past 10 years? The halving effect didn't usually come prior or on the day of the event, you should already know that. Nothing has priced-in yet.

R


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January 13, 2024, 05:06:10 PM
 #27

I have been buying small amounts of bitcoin for over 10 years. While I was always knew bitcoin would grow I did hope that some events might make it jump up in price say 3 to 5 times. Events like etf approval, a harvening etc. I still remember those charts that had predicted supersonic prices by now. But now read that both the etf and harvening aew now priced in and yet the price is not even an earlier all time high.

Does that mean the excitement days are over. Has bitcoin become boring in terms of big price fluctuations☹️

I don't know what exactly your expectations are but then it will be safer and better for you to make your expectations realistic because there are some unrealistic expectations we do make and it turns out we become disappointed in the nearest future when these expectations are not met and I think this is one of such, the ETF didn't promise a supersonic spike in the price of Bitcoin neither was the halving is yet to begin let alone been conclude so I think you should slow down on your expectations and see what happens after the halving later this year, I don't know how much you know about Bitcoin if not you should me aware that we are expecting a bull market soon and then your expectations might be met or we may get close to it because you do have a very high expectations, but then it's still very possible it can be surpassed so don't give up just yet.

Better exciting days are ahead, Bitcoin is yet to get boring you just need some more patience and do note that Bitcoin isn't a get rich quick scheme but if you are patient and continue hodling you could get rich.

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January 13, 2024, 05:34:13 PM
 #28

you claim that you have invested in bitcoin for 10 years, but only because the price of bitcoin does not rise because of bitcoin etf you are whining here, how is it possible that you have invested for 10 years in bitcoin but still have difficulty being confident in bitcoin? i just don't understand because it's quite funny for me when someone who is said to have invested for 10 years in bitcoin and whose account dates back to 2014 suddenly becomes active and says that the days of joy from bitcoin are over just because of this trivial problem.

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January 13, 2024, 09:28:48 PM
 #29

I have been buying small amounts of bitcoin for over 10 years. While I was always knew bitcoin would grow I did hope that some events might make it jump up in price say 3 to 5 times. Events like etf approval, a harvening etc. I still remember those charts that had predicted supersonic prices by now. But now read that both the etf and harvening aew now priced in and yet the price is not even an earlier all time high.

Does that mean the excitement days are over. Has bitcoin become boring in terms of big price fluctuations☹️


Over 10 years wow. I guess you're not buying small amount of bitcoin during your first year I bet, because in 2013, bitcoin is below $1k so that means you can literally buy 1 bitcoin effortlessly compared to the price in 2016. There won't be any reason for you to get bored because for sure you have a huge bag if what you said is true. You've come a long way for more than 10 years and yet you worried because bitcoin hasn't start moving yet after the ETF approval news and the upcoming halving. Have you not been in the market from the past 10 years? The halving effect didn't usually come prior or on the day of the event, you should already know that. Nothing has priced-in yet.
Not all is really that long enough to be on this market on which if you do compare out to those hypes and boom up back in the past specially into that 2017-18 bull run then we can say that there's really that kind of surge of interest on where you would really be trying out to presume that the next years or cycle would really be much more higher but we are seeing different? I dont think so. Im not saying that
institutional money involvement or simply the government isnt something that would really be useless. We are really heading there and people been longing about this thing and now it happens
then whats next? We dont know on what would happen in the future. Thing here is that you should be wise on taking up positions while the price is still low.

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January 13, 2024, 10:34:31 PM
 #30

I am thinking about the opposite. This is the start of the excitement and this has already created momentum for the upcoming bitcoin rally. Just look at the rally to 48K from below the 30K level. The industry is waiting for major bullish news for bitcoin after halving and those news is aligned for the perfect time to be released i think. The approval of the bitcoin ETF was already predicted and whales speculated on the price of bitcoin for this news. From here the territory is unknown because those asset managers have so much financial power that they can stagnate the market for a few years if they want. The rally of GOLD after its ETF approval was massive but look at the timeframe it took.









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January 13, 2024, 10:57:10 PM
 #31

you claim that you have invested in bitcoin for 10 years, but only because the price of bitcoin does not rise because of bitcoin etf you are whining here, how is it possible that you have invested for 10 years in bitcoin but still have difficulty being confident in bitcoin? i just don't understand because it's quite funny for me when someone who is said to have invested for 10 years in bitcoin and whose account dates back to 2014 suddenly becomes active and says that the days of joy from bitcoin are over just because of this trivial problem.
I also thought the same thing, I'm not sure he has invested for 10 years because he doubted a trivial matter, I know he was disappointed with the price prediction after the ETF was approved did not reach the highest price target but everything takes time to reach the high price, we have seen significant increase in the past few months, so it is the beginning for the market to reach the ATH target in the future and believe that the crypto market still has a long way to go and believe that you are already halfway to reaching the peak that you hope for, so be patient for the market target that you hope for in the future, I'm sure the desired price target will be achieved in 1 or 2 years.

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January 14, 2024, 05:16:04 AM
 #32

The price of Bitcoin will not stop but there is a possibility of a further increase in the future. We've seen the price of Bitcoin go down a lot during bear markets, but currently it's almost skyrocketing. Bitcoin will definitely change, and its price will definitely increase four to five times though it takes time, and you have to be patient to see that position. After the ETF was approved, the value of Bitcoin increased a lot, and it is almost several times what it was before. As the halving event is waiting ahead, the price of Bitcoin is likely to increase further in the coming days. When the Bitcoin halving event ends, then the bull market will begin and at that time the price of Bitcoin will rise rapidly and reach all-time highs.

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January 14, 2024, 05:43:04 AM
 #33

It's not yet OP and there's still a long way to go for a coin with this potential. They are just the beginning and I am very sure that soon BTC will get stronger. A few days ago, maybe it was just a moment of hype after the ETF was launched. What we need is to continue buying BTC if there is still excess funds because Bitcoin is heading to the moon and the SEC has officially approved all Spot ETFs and enjoy this journey.

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January 14, 2024, 01:01:52 PM
 #34

This is what you think but the market is always full of surprises. When people think that the ICOs were the only catalyst of the market since 2017 bull run, we've seen the same crowdfunding through IEO, STOs, etc. And then even til' now there are still that think that they are now. So after this Bitcoin spot etf applications, there's actually more to wait for like adoption from the actual government, more legal tender proposals and announcements, etc.
The volatility alone is enough to give us an endless excitement. The key is to appreciate things but even if it's hard for them to do it, they are lucky because there are still lots of upcoming events here in crypto. ICO is something that doesn't excite us but it's the opposite since almost all of them are scam.

Good thing it disappeared and replaced by a better way to crowdfund. You already mentioned them. They are still being used up until now. BTC ETF and halving is different from them. These two events are only about Bitcoin. Once ETF in BTC is done, there might also be ETF from other cryptos. While halving will still continue in the next or after every 4 years.

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January 14, 2024, 01:48:05 PM
 #35

I have been buying small amounts of bitcoin for over 10 years. While I was always knew bitcoin would grow I did hope that some events might make it jump up in price say 3 to 5 times. Events like etf approval, a harvening etc. I still remember those charts that had predicted supersonic prices by now. But now read that both the etf and harvening aew now priced in and yet the price is not even an earlier all time high.

Does that mean the excitement days are over. Has bitcoin become boring in terms of big price fluctuations☹️

If you bought bitcoin and held it for 10 years, it's a stretch to say it hasn't gone up 3-5x Smiley Events unfold and you expect a huge pump instantly, which means you don't understand bitcoin very well , etf helps widen adoption, halving helps reduce inflation and increase long-term value. That's phenomenal, you just need to be patient to see the next ATH

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January 14, 2024, 01:59:29 PM
 #36

It's not yet OP and there's still a long way to go for a coin with this potential. They are just the beginning and I am very sure that soon BTC will get stronger. A few days ago, maybe it was just a moment of hype after the ETF was launched. What we need is to continue buying BTC if there is still excess funds because Bitcoin is heading to the moon and the SEC has officially approved all Spot ETFs and enjoy this journey.
The temporary effect that occurs on Bitcoin in the market of increasing prices for just a few days is clearly due to the ETF approval. However, currently Bitcoin has returned to normal at a price range of $42K to $43K, which has reopened the opportunity for traders and investors to buy Bitcoin in larger amounts. Because remembering that the price is no longer as high as when the increase occurred in the last few days and in the future the potential for an increase in Bitcoin prices is still very open and could happen again before entering next month.

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January 14, 2024, 05:29:37 PM
 #37

I am thinking about the opposite. This is the start of the excitement and this has already created momentum for the upcoming bitcoin rally. Just look at the rally to 48K from below the 30K level. The industry is waiting for major bullish news for bitcoin after halving and those news is aligned for the perfect time to be released i think. The approval of the bitcoin ETF was already predicted and whales speculated on the price of bitcoin for this news. From here the territory is unknown because those asset managers have so much financial power that they can stagnate the market for a few years if they want. The rally of GOLD after its ETF approval was massive but look at the timeframe it took.

I agree, the ETF's are now in foundation stage, ready to be built upon metaphorically
speaking in terms of the market and pricing.

A lot of people including the OP must have been expecting a big price increase right
after the approval, and they are probably scratching their heads wondering why...
it went down.

Id say give it time and also wait for the aftermath of the halving and the excitement
will be back.

R


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January 14, 2024, 06:22:37 PM
 #38

I have been buying small amounts of bitcoin for over 10 years. While I was always knew bitcoin would grow I did hope that some events might make it jump up in price say 3 to 5 times. Events like etf approval, a harvening etc. I still remember those charts that had predicted supersonic prices by now. But now read that both the etf and harvening aew now priced in and yet the price is not even an earlier all time high.
First, it is called Halving, and second, ETF approval is not the same thing as halving, people only placed too much relevance on it. This relevance nonetheless helped Bitcoin to grow within months but it only disappointed expectations after it was eventually approved. If truly you have been investing in Bitcoin since 10 years ago, you will be so rich by now and I encourage you to continue HODLing the investment as Bitcoin will still move higher. What we experienced within a year now is a prove of that even as we've not entered the post-halving season yet.

Quote
Does that mean the excitement days are over. Has bitcoin become boring in terms of big price fluctuations☹️
For now, the excitement is over, and it might call for some corrections which we are experiencing now. This will continue to happen even as we expect halving, and it will be the post-halving effect that will massively help the market to rise significantly.

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January 14, 2024, 08:25:40 PM
 #39

There are a lot of people in the bitcoin world and there are a lot of characters in it, we are not all the same people and OP may just feel like a different person to most of us.

All in all, we are just the start of excitement for us and I do believe that the upcoming period will make us see 100k+ easily, it is not going to be that tough, we just need to make sure that we see something that will benefit us the most. I know that people do not consider that as a way of approaching higher, but given enough time we will meet with something that would be much better. The exciting part starts now, and we need to just see it through. Anyone who gets out today, will be missing the bull run and will regret their decision later on.

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January 14, 2024, 08:54:48 PM
 #40

Maybe this is getting more exciting now , because look at how much dropping we have now from which we all expect a great pump after that ETF approval so for me personally this is what a little know about the market or accept actually , the what we called siding or expectation.
while we wanted to see high growth but what we have got is the opposite reaction of the investors and so as the market.
what I was waiting is the coming months because it is normal that as soon as the Halving is coming is the more prices drops its value .
You're right. It is getting interesting, after the approval of Bitcoin ETF, everyone expects a significant increase of Bitcoin price. But what is happening in the market, the Bitcoin price was decreasing a lot. Bitcoin could passed $48k but it dropped again to $41k, people must feel very surprised to see this fact. Well, what we see is the opposite of people's hope, it is a dump. However, for the long run, I'm very sure that the Bitcoin approval will bring very positive impacts for crypto and Bitcoin future. I think it will strengthen the power of Bitcoin halving to raise Bitcoin price. In the next few months after Bitcoin halving, Bitcoin price may really reach $100k.


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