Ale88
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January 27, 2024, 06:28:45 AM |
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Bitcoin dip below $40,000 yesterday which most people thought was going to be the support or lowest price of the market as we were all bullish after Bitcoin ETF got approval from the security & exchange commission. The price of Bitcoin has recovered to trading above $40,000 but it might dip again therefore I'm writing this thread to advice the forum members not to panic. I haven't been too long in the industry as I started my journey recently but during my research and comparing Bitcoin prices before and after the halving, I noticed Bitcoin has never crossed the ATH before the halving but many people are thinking it'll do that this year rather I noticed that it always dips before the halving and that what is happening to the market therefore we shouldn't not be alarmed, this is what happens always from the history of Bitcoin and history always repeats in the market. Lets be guided and don't lose faith as the market is only dipping not crashing.
Only a newbie would panic in the current situation. We are in a great position, the price is quite high, the ETFs have been approved, the halving is just a few months away, what else could we ask for? I'm trying to buy a little more whenever I can, and if it goes down to $36-37k I'll try to buy even more, it would be a good news! I don't think we'll ever go below $30k again.
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Promocodeudo
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January 27, 2024, 07:36:09 AM |
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Frankly, I feel that the shock comes from the fact that everyone was expecting the price to rise after the news of the ETF getting approval, or that the price would collapse if that approval was not obtained, but what happened is that the approval was obtained, and yet the price did not rise. The shock is more psychological than an analysis of the price.
Yes boss, what you said is true, the expectation was high when the ETF approval new break out, people started thinking that way but many were disappointed because the other way round happened, the thing is that this is bound to happened, personal I can't give despite that the market look strange at this time but I believe there is something extraordinary that wants to happen, the people that understand this event is the old folks in the business, there should be panic at this moment because this might be an opportunity for people to continue accumulating.
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synchronym
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January 27, 2024, 07:45:33 AM |
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op The Bitcoin market can fluctuate, so there is nothing to panic about because when the Bitcoin market goes down, there will be a buying opportunity for those interested in buying Bitcoin. When the price of Bitcoin goes up we may be able to sell it if we want so there is no need to panic that the Bitcoin market may fluctuate. But we can expect Bitcoin market to accelerate in 2024 which is expected to be very good for investors. Bitcoin buyers who want to buy can definitely buy when the price of Bitcoin goes down because the price of Bitcoin can definitely go up in 2024.
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Gallar
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January 27, 2024, 09:22:17 AM |
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~Snip I noticed Bitcoin has never crossed the ATH before the halving but many people are thinking it'll do that this year rather I noticed that it always dips before the halving and that what is happening to the market therefore we shouldn't not be alarmed, this is what happens always from the history of Bitcoin and history always repeats in the market. Lets be guided and don't lose faith as the market is only dipping not crashing.
That's right, friend, there's no need to worry or hesitate when the price of bitcoin experiences a decline at this time. This is because the price decline that occurs in Bitcoin before the halving is a cycle that always occurs every 4 years. Because before this halving, many bitcoin investors will definitely sell their bitcoins first. The goal is so that they can buy back bitcoin if a correction occurs. Maybe because of this, Bitcoin always experiences a decline in price first when the Halving is coming. But as far as I know, the price decline that occurs before the Bitcoin halving occurs, is usually not too deep. Because if you look at market sentiment, investors who often sell and buy always have the same strength. So there's no need to worry if Bitcoin is currently experiencing frequent corrections. And when talking about ATH, it seems a bit difficult for Bitcoin to touch ATH before the halving occurs. Never mind before the halving occurs, even after the halving occurs Bitcoin still takes quite a long time to reach ATH. A big example is the bitcoin halving that occurred in 2020. At that time, bitcoin took around 18 months (1.5 years) to reach its ATH. So you could say that ATH before the halving occurs is very unlikely. So if anyone thinks that's going to happen, I think they have to hope for a very long time.
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$weetne$$ (OP)
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January 27, 2024, 01:20:47 PM |
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It is good that you admitted to be new in crypto because what you have told us here is already in the table for many years, it is indeed that never that bitcoin crossed ATH before halving but also remember that we have not experienced ETF before those years so that is the reason but now that we have already approved ETF there are different scenario that may take place. We mightn't have experienced Bitcoin ETF in the beginning of other bull market but we had other things that were as big like the Bitcoin ETF for it to have the same impact. Or are you saying that the Bitcoin EFT is the first big news we're having. Alot of hype was put on the Bitcoin ETF and many people thought the price of Bitcoin was going to start rising and pass the last all time high before the halving but the market isn't going as they predicted. Things aren't going to be different, Bitcoin will get to a new all time high but it'll be after the halving is completed therefore we shouldn't be expecting it to happen before halving or we'll get disappointed. Bitcoin ETF approval is just one of the things that'll influence the market in this bull run, there will be other things.
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Asiska02
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January 27, 2024, 04:29:12 PM |
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I noticed Bitcoin has never crossed the ATH before the halving but many people are thinking it'll do that this year rather I noticed that it always dips before the halving and that what is happening to the market therefore we shouldn't not be alarmed, this is what happens always from the history of Bitcoin and history always repeats in the market. Lets be guided and don't lose faith as the market is only dipping not crashing.
Well, anyone that have gone through the history of bitcoin will know that bitcoin always dips prior to a new halving, and after the halving a new all time high of bitcoin is formed. For those that are panicking and assumed that bitcoin will witness a new all time-high before the halving is because of the big major player that was coming into the market; the bitcoin spot ETF. The market has proven once more that it is above all odds and can resist any speculation that will make the market move in a different path than it has been moving on since its inception.
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Viscore
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January 27, 2024, 07:31:51 PM |
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Bitcoin price history might certainly bring some significance at present or in the future. However, we can’t also guarantee that price may repeat itself this time, or it could be the other way around. But whatever it is, bitcoin investors should not resort into panicking. That will only lost his focus on his investment or on his trades that will lead him to an unexpected loss.
For the mean time, just observe the market. Bitcoin price may suddenly drop or move upward, and that’s normal due to its volatility. That’s why before you decide to invest in bitcoin, make sure you don’t easily faint if sudden price crash starts to appear.
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Fatunad
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January 27, 2024, 07:57:54 PM |
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Bitcoin price history might certainly bring some significance at present or in the future. However, we can’t also guarantee that price may repeat itself this time, or it could be the other way around. But whatever it is, bitcoin investors should not resort into panicking. That will only lost his focus on his investment or on his trades that will lead him to an unexpected loss.
For the mean time, just observe the market. Bitcoin price may suddenly drop or move upward, and that’s normal due to its volatility. That’s why before you decide to invest in bitcoin, make sure you don’t easily faint if sudden price crash starts to appear.
Majority would really be that loving to see those past events or simply with its history which we would really be always loving to connect out on whats the current happening within the market or even trying to connect it up into the future on which it would really be that something normal to happen on this space on which it isnt really just that limited to Bitcoin but also in other altcoins as well on which people would really be always loving on having those connections and making out their speculative approach towards it. Going back into the focus on speaking about never passing ATH before halving then it is true yet it didnt really happen into those past pre-halving event but there's no assurance that it wont really be able to happen for this upcoming one but speaking realistically on which we've seen that we are already few months left for the halving event and we arent going near the ATH so it is really that safe to assume on what would happen likely.
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|MINER|
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January 28, 2024, 02:11:33 AM |
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That's true I also think with the same way. Everyone who ate taking panic for dips they should claim down untill the end of halving season. There was much time for starting bitcoin halving so dips will be also there better to take stay focused and observing market and use the proper time for investing. But who are thinking about to do long-term trading they should stay on adoption by maintaining the DCA method.
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YUriy1991
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January 28, 2024, 02:19:32 AM |
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Volatility is a normal situation, the fear is that if large institutions carry out sell-offs like yesterday, we are still grateful that this action only lasts for one day. If it continues, it will make market players depressed and start doing the same thing. Indeed, many are waiting for the halving at this time and in preparation many are starting to convert to other coins that are not BTC.
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Promocodeudo
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January 31, 2024, 01:37:46 PM |
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op The Bitcoin market can fluctuate, so there is nothing to panic about because when the Bitcoin market goes down, there will be a buying opportunity for those interested in buying Bitcoin. When the price of Bitcoin goes up we may be able to sell it if we want so there is no need to panic that the Bitcoin market may fluctuate. But we can expect Bitcoin market to accelerate in 2024 which is expected to be very good for investors. Bitcoin buyers who want to buy can definitely buy when the price of Bitcoin goes down because the price of Bitcoin can definitely go up in 2024.
Sure, fluctuation is part of the market, buying when it is dip is not always the case, in that aspect don't wait until it is dip to buy, just buy when you are financially inclined, bitcoin market is not for panickers, it is created for stable minds that understands the market, bitcoin price is unstable in nature and predicting it's movement is very difficult and because this, we should buy at any given time because no one knows what the price will be in the next minute, you said something about potential buyers buying when the price dip, bitcoin can dip at anytime, is it not better to keep accumulating in small scale and keep waiting for the total dip which may not be as expected.
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cakravothy
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February 01, 2024, 03:03:12 AM |
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Bitcoin has never attained a new all-time high during the halving process. However, prices typically surge after a halving event has concluded. In other words, bitcoin prices are not expected to reach new heights by 2024. Nonetheless, bitcoin's price may attain its current all-time high by 2025.
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Nothingtodo
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February 01, 2024, 04:34:12 AM |
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The fourth halving of Bitcoin will begin in April 2024 and the Bitcoin market usually falls before the halving. Since Bitcoin is guaranteed to be pumped to the max after the halving, the Bitcoin market may not be bullish before April. There is no reason to despair if the Bitcoin market goes down but wait and be prepared for the Bitcoin ATH.
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CODE200
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February 01, 2024, 08:03:31 AM |
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That's something that we all should be waiting for and not panicking for, the only time that I'd be panicking when that happens is when I don't know where to get the money to buy bitcoin and I have a hard time finding one, that's my only panic when dips happen and I believe that it should be our only excusable panic too but not too panicky so as to not go to a desperate measure when trying to find a money to buy bitcoin. The supposed dip is the reason why I'm saving up my money right now and tightening my belt as much as I can so I can buy as much bitcoin as I can in the case that it goes down again and so I can get a great amount of bitcoin for what could be a bad amount if I were to buy right now. Also worth noting that bitcoin doesn't go up after halving as quickly as you think it should, that's not how the market has worked before, there's evidence so make sure not to get too excited when halving happens because you might be in for a surprise.
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CryptoBuds
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HODL
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February 01, 2024, 12:41:26 PM |
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The fourth halving of Bitcoin will begin in April 2024 and the Bitcoin market usually falls before the halving. Since Bitcoin is guaranteed to be pumped to the max after the halving, the Bitcoin market may not be bullish before April. There is no reason to despair if the Bitcoin market goes down but wait and be prepared for the Bitcoin ATH.
I have the opposite view on the market compared to you, I believe we will soon see the market recover and grow again next February. Because the halving is believed to be a strong catalyst for bitcoin's price increase, it was chosen as the reason and will help market makers create new stories to seek to attract newbies, and new money flows into the market. Like how they created the ETFs story to push bitcoin to $48k and then profit. Furthermore, halving is the point at which miners will have to sell their bitcoins to cover their mining. Therefore, bitcoin needs to increase in price before the halving takes place to attract new investors as well as become new liquidity for the market.
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$weetne$$ (OP)
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February 01, 2024, 03:38:14 PM |
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And when talking about ATH, it seems a bit difficult for Bitcoin to touch ATH before the halving occurs. Never mind before the halving occurs, even after the halving occurs Bitcoin still takes quite a long time to reach ATH. A big example is the bitcoin halving that occurred in 2020. At that time, bitcoin took around 18 months (1.5 years) to reach its ATH. So you could say that ATH before the halving occurs is very unlikely. So if anyone thinks that's going to happen, I think they have to hope for a very long time. Yeah but I don't this time we'll have to wait for that long of a time for Bitcoin to be tracing above it's previous ATH. Last bull market came during a time the whole was in lockdown. The pandemic cause everything to be difficult and people didn't have money to spare, every individual was holding their money because they didn't know if the pandemic will continue and cause more hardship and it has been long the world was in that type of recession therefore everybody was only being cautious. This time more money is coming into the market and more people are getting to know about Bitcoin therefore they'll be buying too. The ATH will come after the halving but it won't take very long and that's my opinion.
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Sim_card
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February 01, 2024, 03:58:20 PM |
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And when talking about ATH, it seems a bit difficult for Bitcoin to touch ATH before the halving occurs. Never mind before the halving occurs, even after the halving occurs Bitcoin still takes quite a long time to reach ATH. A big example is the bitcoin halving that occurred in 2020. At that time, bitcoin took around 18 months (1.5 years) to reach its ATH. So you could say that ATH before the halving occurs is very unlikely. So if anyone thinks that's going to happen, I think they have to hope for a very long time. Yeah but I don't this time we'll have to wait for that long of a time for Bitcoin to be tracing above it's previous ATH. Last bull market came during a time the whole was in lockdown. The pandemic cause everything to be difficult and people didn't have money to spare, every individual was holding their money because they didn't know if the pandemic will continue and cause more hardship and it has been long the world was in that type of recession therefore everybody was only being cautious. This time more money is coming into the market and more people are getting to know about Bitcoin therefore they'll be buying too. The ATH will come after the halving but it won't take very long and that's my opinion. We are all free to think and come up with our own opinion but the facts remains that nobody can predict when the bull run will come in this circle. This was how most people thought that after the approval of bitcoin ETF, the price will continue to skyrocket nut it didn't play out that way. We cannot use bitcoin history to predict the future accurately, because 2020, and 2021 is different from 2024 and 2025, since a lot has changed. Some say that the bull run will come in the last quarter of this year and some said it will be next year, so let us relax and fill up our bags now that the price is affordable, and wait for the right time that the bull will appear.
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carlfebz2
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February 01, 2024, 07:30:33 PM |
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Bitcoin dip below $40,000 yesterday which most people thought was going to be the support or lowest price of the market as we were all bullish after Bitcoin ETF got approval from the security & exchange commission. The price of Bitcoin has recovered to trading above $40,000 but it might dip again therefore I'm writing this thread to advice the forum members not to panic. I haven't been too long in the industry as I started my journey recently but during my research and comparing Bitcoin prices before and after the halving, I noticed Bitcoin has never crossed the ATH before the halving but many people are thinking it'll do that this year rather I noticed that it always dips before the halving and that what is happening to the market therefore we shouldn't not be alarmed, this is what happens always from the history of Bitcoin and history always repeats in the market. Lets be guided and don't lose faith as the market is only dipping not crashing.
Only a newbie would panic in the current situation. We are in a great position, the price is quite high, the ETFs have been approved, the halving is just a few months away, what else could we ask for? I'm trying to buy a little more whenever I can, and if it goes down to $36-37k I'll try to buy even more, it would be a good news! I don't think we'll ever go below $30k again. The price didnt really correct or having that pullbacks that much considering that we are now on post halving season on which majority of those people who do have already the experience on previous cycles had been already anticipating that there would really be some nasty drops before the halving season and also comes after it on which it would really be just that normal that people would really be aiming for that one considering that this would really be the most sweetest entry that you could have before this market would really be shooting up into the moon.Well, theres no guarantee as always since no one could ever predict on where the price would be going on which we do know that market sentiment could neither goes the same into that path or would really be acting different this time. This is why as an investor then there's no guarantee that you could really be able to make yourself that making out some assurance that you are doing the right way or guaranteed thing. Always consider up yourself to be versatile and adaptive on whatever possible situations could happen.
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CageMabok
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February 01, 2024, 08:08:19 PM |
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Bitcoin has never attained a new all-time high during the halving process. However, prices typically surge after a halving event has concluded. In other words, bitcoin prices are not expected to reach new heights by 2024. Nonetheless, bitcoin's price may attain its current all-time high by 2025.
What you say is only based on the facts of the previous halving in Bitcoin, but no one can imagine that Bitcoin could soar and be at a new high price this year. Because the so-called price increase can also occur at any time as long as there is an effect that can provide a boost to the price of Bitcoin in the market, for example, there are still investors and traders who are still happy to use their capital to continue buying Bitcoin before the halving or before next year.
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armanda90
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February 01, 2024, 09:40:33 PM |
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Only a newbie would panic in the current situation. We are in a great position, the price is quite high, the ETFs have been approved, the halving is just a few months away, what else could we ask for? I'm trying to buy a little more whenever I can, and if it goes down to $36-37k I'll try to buy even more, it would be a good news! I don't think we'll ever go below $30k again.
Give us benefit when having many people panic for selling their bitcoin after drastically drop since ETFs approval announcement, have buy back when bitcoin get correction under $40k last several days and no doubt with bitcoin potential in the next time halving left few months later. However viewed of some opinion about bitcoin have moment raise to highest price after halving but its not problem for me keep accumulate and hold bitcoin until halving time arrive and looking the bitcoin potential will raise higher price or need waiting after halving with bitcoin on the top price. I have the opposite view on the market compared to you, I believe we will soon see the market recover and grow again next February. Because the halving is believed to be a strong catalyst for bitcoin's price increase, it was chosen as the reason and will help market makers create new stories to seek to attract newbies, and new money flows into the market. Like how they created the ETFs story to push bitcoin to $48k and then profit.
At the end last month bitcoin more dominance with correction and I have the same opinion with you about February is moment for bitcoin recovering raise to higher price. Left two months before halving actually get close potential bitcoin easily recovery and raise more than last month highest price to $47k.
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