50k is exciting

[Sexylizzy2813]

Yeah it definitely is exciting but this over excitement of holders not patient enough is what has caused drastical increase in fees. Take a look;

FROM

     

• fastestFee: 11 sat/vB
• halfHourFee: 11 sat/vB
• hourFee: 11 sat/vB
• economyFee: 8 sat/vB
• minimumFee: 4 sat/vB

TO

     

• fastestFee: 53 sat/vB
• halfHourFee: 48 sat/vB
• hourFee: 42 sat/vB
• economyFee: 10 sat/vB
• minimumFee: 5 sat/vB

In just a space of about 6 hours just because people are rushing to move their Bitcoins to exchanges and quickly make profit off it. However the fees will go back to normal though once the rush has subsided.

I agree with you but what do you expect from those who are not patient? The excitement has to be but my major concern is how badly it's still affecting business (transaction fee), things hasn't been the same ever since transaction fee went crazily high, is like a nightmare that won't come to an end.
Sometimes is like it should just be as it were before, traders some how prefer when it hasn't gotten to $40k when the fee was normal and now that it has gotten to the amount we are hoping to see things just went out of hand, let's see how the fee would be like before the remaining part of this month.

[Darker45]

Most only care about the price.

Even users here who are sufficiently exposed to experts' advice and recommendation as regards security are satisfied in keeping their funds in centralized exchanges.

Those who are outside this forum, and who only got Bitcoin because they heard it makes them rich, are certainly in much worse situations. If those who joined discussions about security could not even move their funds out of exchanges, how much more those who haven't even heard that there's such a thing as non-custodial wallets?

[Sebas.tian]

It was a big celebration yesterday, seen a new price in the market and it was giving hope to many investors that are still holding their Bitcoin in their wallets, because they knew that the price will still increase higher more than the current price to allow long term investors to achieve passive income when the bullish season appear. Having a solid wallet to store your Bitcoin for the long period of time, and make the seeds phrase safe, it will guarantee you a big hope that will make you to celebrate when you succeed to hold the Bitcoin till the end of the bearish season. And if you want to get such solid wallet to lock your Bitcoin for long, I will advice you to use electrum wallet to store your Bitcoin for future use because the wallet is very safe for the users.

[michellee]

Seeing the price of $50k is exciting but it would be even more exciting if you could see the price continue to climb and pass its last ATH. Moreover, if the price can get its latest ATH, it will be even more fun. You can sell it at its latest ATH and get big profits.

You can still buy Bitcoin on exchanges but don't keep it on the exchange for too long if the price hasn't increased. But you can do it anyway if you feel it's okay to store Bitcoin or altcoins on an exchange. It's an option but you should know the risks.

We always recommend holding Bitcoin in a personal wallet and not on an exchange. But many people still keep them on exchanges and that's up to them. We cannot force them to do so because they may still feel comfortable storing their Bitcoin and altcoins on exchanges.

[LogitechMouse]

~
It isn't as  exciting as not having a Fundamental and standalone right to accessing your wallet without  any interference  from a third party.
Wait a minute you! Yes you!! Why are you still using that Exchange wallet for Holding  your coin 

No, not me.
My exchange has nothing, but BNB for gas fees only. The tokens that I'm currently holding are on different wallets that I have control over.

Get a privacy wallet, a non constodial one to be precise and save yourself  from any form of future drama, store your wallet related datas in a cold storage form
Ingeneral Learn more about your wallet privacy, using a more secure wallet doesn't  guarantee a 99.99% security and threat  free.
Remember you are the number 1 security bridge  to your wallet

Well, the tl;dr of the whole thread is, always be safe whatever happens.

Anyway, thanks for the reminder OP. I'm pretty sure this thread might help 1 or 2 newbies out there and might do research regarding increasing the security of their wallets, and the correct wallets that they're using. Aside from that, seeing Bitcoin at $50,000 isn't that surprising, and exciting for me because I knew already that it would reach that price. TBH, I might not feel anything as well if Bitcoin's price reaches $100,000 for the first time. I mean I saw Bitcoin's price reaching $40,000, $50,000, and even $60,000 way back in 2021, and I didn't feel anything but disappointment because of my wrong decisions.

Always be vigilant, and always look for websites that you're browsing because you might be browsing a phishing site already that may drain your wallets.

[onecall123]

I'm excited to see how long it will be before the halving. Bitcoin has passed $50K for the first time in over 2 years and has reached a market cap of $1 trillion for the first time since December 2021. However, I still think this bull run might be a bit early compared to previous ones relative to the halving.

I believe a correction could be coming soon. I sense a big short approaching, while some are waiting for a reversal. I just hope it doesn't happen.

[promise444c5]

~
It isn't as  exciting as not having a Fundamental and standalone right to accessing your wallet without  any interference  from a third party.
Wait a minute you! Yes you!! Why are you still using that Exchange wallet for Holding  your coin 

No, not me.
My exchange has nothing, but BNB for gas fees only. The tokens that I'm currently holding are on different wallets that I have control over.

Yeah! definitely not you  love your sense of humour   

TBH, I might not feel anything as well if Bitcoin's price reaches $100,000 for the first time. I mean I saw Bitcoin's price reaching $40,000, $50,000, and even $60,000 way back in 2021, and I didn't feel anything but disappointment because of my wrong

By now you should have corrected your wrong and you might not feelenthusiasts about the price increase of Bitcoin probably because you've missed some close price range

[Patrol69]

The Bitcoin market touched $50K but after touching $50K the market again fell below $48K but currently the Bitcoin market is again around $52K. The list of prices that I mentioned has changed in a very short period of time. The price of Bitcoin touched $50K and after the market stabilized at $50K, the market started dumping again. 
After the market dumped a bit, the market again formed two large candles for some time and based on those candles, the market moved around $52K. The market is moving upwards in a very positive way, so it is thought that maybe the market will go up a bit more and will dump a little bit again and the market will be positive again by dumping a little bit.

[Porfirii]

It seems that we are not only crossing, but also building some support, above the 50k mark. Time will tell, because we've been there a few times before, but imo chances are that this could be the moment we can look at further horizons

Good luck guys! we're all in the same boat here.

[Dunamisx]

The Bitcoin market touched $50K but after touching $50K the market again fell below $48K but currently the Bitcoin market is again around $52K. The list of prices that I mentioned has changed in a very short period of time. The price of Bitcoin touched $50K and after the market stabilized at $50K, the market started dumping again. 

Bitcoin is having a good market performance currently and for the sake of those that ha e invested a little while, they will understand the reason why they cannot afford to go for any other than bitcoin alone in cryptocurrency, when we first achieved the $50,000 I thought that was the end not until the higher versions begin to unfolds about the market performance till we are close to having $52,000.

[Mr.suevie]

 It's  so nice and exciting having BTC breaking a $50k point
Yeah so exciting 
BUT
It isn't as  exciting as not having a Fundamental and standalone right to accessing your wallet without  any interference  from a third party.
Wait a minute you! Yes you!! Why are you still using that Exchange wallet for Holding  your coin 

Get a privacy wallet, a non constodial one to be precise and save yourself  from any form of future drama, store your wallet related datas in a cold storage form
Ingeneral Learn more about your wallet privacy, using a more secure wallet doesn't  guarantee a 99.99% security and threat  free.
Remember you are the number 1 security bridge  to your wallet

So far but yet so close, before now it looked like as if Bitcoin would never go up again after that massive drop from 64k to 19k as of 2022. But as it never fails, once again it has proven to the public why it's actually the number one coin ever and also the most assured coin to get in the market so everyone should start hoarding Bitcoin and Don't relent or hesitate because time is coming when this actually 50k would be history and seeing the current market price it has already gotten to 51k and still climbing hot.

[nngella]

Sorry for asking a dumb question but, anyone who can explain why Bitcoin is bullish now?  Is there any catalyst or events that we can say that contribute to this behavior?  I am just currently learning again about bitcoin and crypto in general and I am a bit lost.

Last news about bitcoin that I know that may contribute to the bullish behavior is the Bitcoin ETF which is just recently being implemented.  Is this the main driver or is it just a seasonal thing that they say that bitcoin becomes bullish every 4 years or so?  Thanks in advance.

[michellee]

Sorry for asking a dumb question but, anyone who can explain why Bitcoin is bullish now?  Is there any catalyst or events that we can say that contribute to this behavior?  I am just currently learning again about bitcoin and crypto in general and I am a bit lost.

Last news about bitcoin that I know that may contribute to the bullish behavior is the Bitcoin ETF which is just recently being implemented.  Is this the main driver or is it just a seasonal thing that they say that bitcoin becomes bullish every 4 years or so?  Thanks in advance.

Bitcoin is bullish for now. But no one knows how long this bullishness will remain and how high the price will move. Bitcoin will experience a halving moment and that might be an impetus for its price to rise even higher.

You should keep holding your Bitcoin if you have bought it and don't sell it if it hasn't reached its new ATH. If we look at Bitcoin's journey, bullish happens every 4 years. For those that have happened, usually after the halving moment, the price will start to pump. And that will push the price to reach its new ATH price.

But no one can predict what the new ATH will be for Bitcoin. We can only estimate how far the new ATH will be reached. So set your target for selling your Bitcoin and don't be greedy in taking profits because that could make you fail to get the profits.

[Ultegra134]

I had recently created a topic regarding Bitcoin's capabilities and the opportunities it presents, and the main topic of discussion was reaching the $50,000 mark. Most users, myself included, projected that this would likely happen anywhere after April or May, but we were ultimately proven wrong. It's exciting, but that means that the phase of more affordable Bitcoin has now officially ended. Accumulating Bitcoin was already a lot harder after it surpassed $40,000, let alone 50,000, but that's okay.

Keep your money, wallets, and seed phrases safe. Exchanges are not the best option in terms of safety and privacy issues for taxation purposes, but they're convenient, so I can't blame anyone for using them, but I'd be cautious nonetheless. The same rule applies to online wallets; these are, in my opinion, worse.

[CODE200]

Sadly, there are still people that keeping their funds on exchanges so that they're ready to sell them asap. But most of them are just keeping it there for storage purposes and they can't determine whether they'll sell or not when the bull arrives.

While some may think that they're wise enough to keep it there because of the current high fees again, it doesn't makes sense if you have no intention of selling.

Ain't that the truth? I guess some people just got a really low price goal so they keep it in exchanges in case they need to get their profit or that they've finally reached their goal. Totally agree with the part of no intention of selling then don't store it there but still it's still a risky thin for someone to do that, learning how to store your own bitcoin is the only way and that's the freedom that we all should be striving for so it's a mystery to me that people still do this kind of thing, to each of their own I guess.

[Sexylizzy2813]

$50k is really exciting but it seems like each time we get to hype a particular amount that we're expecting in a long while and when BTC price get to that amount it seems to be slow in movement and it only goes forward and backward.
Is it that we only have to let expectations be for some time or even for ever without having it in mind? Few days back the movement seems to be positive but after sometime it started going back to that dull movement we experienced before, as of now we have it at $51k which is suppose to be above this current amount by now, I just hope there wouldn't be any negative drop in this new week we're entering.

[Obari]

Yeah it definitely is exciting but this over excitement of holders not patient enough is what has caused drastical increase in fees. Take a look;

FROM

     

• fastestFee: 11 sat/vB
• halfHourFee: 11 sat/vB
• hourFee: 11 sat/vB
• economyFee: 8 sat/vB
• minimumFee: 4 sat/vB

TO

     

• fastestFee: 53 sat/vB
• halfHourFee: 48 sat/vB
• hourFee: 42 sat/vB
• economyFee: 10 sat/vB
• minimumFee: 5 sat/vB

In just a space of about 6 hours just because people are rushing to move their Bitcoins to exchanges and quickly make profit off it. However the fees will go back to normal though once the rush has subsided.

I agree with you but what do you expect from those who are not patient? The excitement has to be but my major concern is how badly it's still affecting business (transaction fee), things hasn't been the same ever since transaction fee went crazily high, is like a nightmare that won't come to an end.
Sometimes is like it should just be as it were before, traders some how prefer when it hasn't gotten to $40k when the fee was normal and now that it has gotten to the amount we are hoping to see things just went out of hand, let's see how the fee would be like before the remaining part of this month.

Well everyone is in a haste to withdraw their holdings and I think majority of the people doing this aren’t actually long term holders and there are also people in the industry who are simply looking for a way to cover their previous losses and move on from the crypto market and maybe they’re getting thru ways and I also agree that, that’s one of the major causes of the high transaction charges of recent and I hope all this subsides after now.

One funny thing about cryptocurrency is the fact that nothing is certain not even the up’s and downs that comes with it isn’t certain and we just have to be smart enough to be able to profit from either seasons and I believe the price charges for transactions will soon drop anytime and I don’t think it will stay longer.

+3 for you in appreciation for your work and also being a fan of me. Thank you .

[Sexylizzy2813]

One funny thing about cryptocurrency is the fact that nothing is certain not even the up’s and downs that comes with it isn’t certain and we just have to be smart enough to be able to profit from either seasons and I believe the price charges for transactions will soon drop anytime and I don’t think it will stay longer.

I feel the transaction fee has already dropped for good but our major concern is how long will it last because about 2-3 weeks back it came back (transaction fee) to it normal state but after about a week it went back high and it got me worried about this recent changes if after some week of getting to the normal charge that it won't go back high again.
Is worriesome for many traders who are always on the go to make transactions on a daily to encounter such, but with how Bitcoin price is getting higher I have that feeling that it won't make the fees to dull business for investors and traders.