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Author Topic: Bitcoin has never pass ATH before halving but it has always dip don't panic.  (Read 800 times)
philipma1957
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April 01, 2024, 03:37:09 AM
 #101

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.

You know one thing people are yet to understand they feel like bitcoin can easily bow down to FOMO just like that, they were people that even thought that with the ETF approval the government has a gate pass to manipulating the bitcoin price but now bitcoin seems to be defeating those cases. At first I knew bitcoin will actually raise after the approval because the hype around it was just too much for it not to react but I was predictive that as definitely a bull trap and nothing more, now we have a chance once more to accumulate.

Well if gonna based on historical past of bitcoin movement then you are right. But its quite hard to predict everything especially the bitcoin etf was just approved this year in spite of all those previous years that it has been struggling to be with. But this approach is a step forward for more adoption introduction to a wider scope of users and not just crypto enthusiasts means a very bullish thing for bitcoin.

There is no denying the fact that Bitcoin popularity and adoption will grow mostly around all this huge investors with ETF around but the thing is it wouldn’t just spike a bullish trend immediately after raise because we know this big investors coming in through ETF wouldn’t just go ahead and invest heavily like that they will certainly have to strategize for that, so ETF effect might come later but for now we definitely have to hold on to the historical predictions we have as that is the only true trend we can predict now and in the past this trend of bearish sentiment is expected before halving

No definite dip in site. just a maybe dip . the reality is no one is sure of the future.

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April 09, 2024, 06:59:09 PM
 #102

Bitcoin will definitely go back to the dip for massive purchases but those wise investors will sell at the top and us e it to buy at the dip again as others have also said. Bitcoin now as the time of typing is $70,725.50 and the price is still on the high. And the price might not come down again within the halving Period. And to my country brothers and sisters now that the naira is appreciating against the dollar this is one of the best time to sell and if dollar drastically lost it value then you will also lose some percentage of your bitcoin investment because we are not using dollar in the country so be smart in your investment.
On the time that we do deal up with this market, then thinking up of the ff. wont be that a bad idea;

1. Market is unpredictable
    1.1 Random
2. Roller coaster ride
3. No patterns in relation with its past events or history
4. Corrections are normal

Once you do have these kind of ideas in mind then you wont really be that easily freak out on the time that you've seen such sudden dumps and corrections that do happen in the market.
Anything could happen in a snap and this is something that you should really be having in mind on the time that you do step your foot into this market. Expect the unexpected as always and never
ever make your mind to be that fixated on what you are currently seeing. The market does have tons of variations on which it could really mess up on whatever
analysis that you had made out earlier. So be versatile as much as possible.

R


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