New ATH hit. Anyone, ever bought BTC, is now at profit. Welcome to fraternity...

[100bitcoin]

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[CryptoHeadlineNews]

And just 2 hours after you  made this post, Bitcoin has just broken another New All-Time High of $72,214.7, as this could be seen in the image below, which is actually a good sign for all those who might have been HODLING on onto their coin all this whole without selling. As I'm very sure this recent Bull, Bitcoin is likely to hit either $80k or $100k



Henceforth , current Bitcoin All Time High is $72,214.7, which occured 11th of March 2024, time, 12:50p.m (i.e Nigerian time)

[thecodebear]

News today providing this new ATH: Microstrategy bought another 12,000 bitcoin, and the UK is going to open up BTC products (ETFs) for its TradFi market, though only to professional investors.

But lol UK govt really only wants rich UK citizens to benefit from Bitcoin while leaving the average citizen out. Damn thats cold.

[franky1]

unless you sell its not profit.. its UNREALISED gains

[franky1]

News today providing this new ATH: Microstrategy bought another 12,000 bitcoin, and the UK is going to open up BTC products (ETFs) for its TradFi market, though only to professional investors.

But lol UK govt really only wants rich UK citizens to benefit from Bitcoin while leaving the average citizen out. Damn thats cold.

professional investors is the agents/brokers/sponsors..(the middlemen)
those guidelines for "professional investors" is the initiation process of starting to offer a ETF product
those brokers will then offer to sell shares to the public, but first there needs to be guidelines of procedure for all the AP's
(sponsors, trustees, agents, brokers)

EG
normal people in america do not buy directly from blackrock/grayscale. they buy from a broker(authorised participant)
its the broker(authorised participant) that buys sells baskets of shares from blackrock/grayscale
its a tiered system of middlemen

so relax. once the guidelines are set for the brokers.. then the normal people investing will come next

[The Sceptical Chymist]

unless you sell its not profit.. its UNREALISED gains

That's technically true, and obviously it goes the other way with losses, but I think the nitpicking goes against the spirit of OP's post.  Know what I mean?

The title of this thread reminds me of that old one that goes something like "we are the new wealthy elite, gentlemen".  To that I say you'd better hope this new ATH isn't followed by an enormous crash, as has happened with bitcoin several times before.  It jumped a few thousand dollars in less than a day, and looking at bitcoin's price chart on CMC I get kinda nervous.  Granted, it's the king of crypto and probably will be for the rest of our lives....but nothing keeps going up in value like this for long:



Gadzooks!!

[Richbased]

but nothing keeps going up in value like this for long:

Definitely, regardless of the fact that Bitcoin has created a new act doesn't mean it's gonna continue increasing because it's obvious that at every new ATH that it creates, some investors would sell their Bitcoins as a result would lead to possible corrections as well but however, it is assumed that since it has gotten a new ATH, there is every tendency that the price would keep increasing till after the bull market of which a dip begins just like you stated that nothing goes up in value for long and this movements is exactly what keeps the market going.

[thecodebear]

News today providing this new ATH: Microstrategy bought another 12,000 bitcoin, and the UK is going to open up BTC products (ETFs) for its TradFi market, though only to professional investors.

But lol UK govt really only wants rich UK citizens to benefit from Bitcoin while leaving the average citizen out. Damn thats cold.

professional investors is the agents/brokers/sponsors..(the middlemen)
those guidelines for "professional investors" is the initiation process of starting to offer a ETF product
those brokers will then offer to sell shares to the public, but first there needs to be guidelines of procedure for all the AP's
(sponsors, trustees, agents, brokers)

EG
normal people in america do not buy directly from blackrock/grayscale. they buy from a broker(authorised participant)
its the broker(authorised participant) that buys sells baskets of shares from blackrock/grayscale
its a tiered system of middlemen

so relax. once the guidelines are set for the brokers.. then the normal people investing will come next

nah they literally said retail can't participate. I'm not saying they won't change their mind in the future. But as currently designed it is to keep retail from participating, not getting them set to participate haha.

eg
if this rule were set in America, regular people wouldn't be able to buy the BTC ETFs, only accredited investors aka rich people

[crwth]

I'm happy that we have reached this point. It is something worth discussing about. It's definitely not gonna have the same impact as the news from before because I noticed that not a lot of people are getting asked what cryptocurrency is and stuff. It's more of "Oh it reached already ATH?" then proceeds not doing anything, at least this is what happened in my case.

[thecodebear]

unless you sell its not profit.. its UNREALISED gains

That's technically true, and obviously it goes the other way with losses, but I think the nitpicking goes against the spirit of OP's post.  Know what I mean?

Exactly haha. People don't consider asset appreciation as like fake gains until you sell it for fiat. That would be silly.
If that were the case most billionaires wouldn't be billionaires.

Unrealized gains at any given moment are the exact same thing as realized gains, you just hold them in different assets.

People trip themselves up when they try to be too technical haha

[cxtreenal]

We are already continuing "100 Push-Ups A Day Until Bitcoin Is $100K Challenge" the bull run unstoppable, push-up also.

[Wiwo]

I'm happy that we have reached this point. It is something worth discussing about. It's definitely not gonna have the same impact as the news from before because I noticed that not a lot of people are getting asked what cryptocurrency is and stuff. It's more of "Oh it reached already ATH?" then proceeds not doing anything, at least this is what happened in my case.

Everyone is extremely happy for Bitcoin performance right now and for that alot of analyses have gone into play since Bitcoin has seen another great all-time high period like this, I guess those that will be at profit are those who are selling right now above the price they both it, but those that continue to hold,  will have a long way to go and will only be at virtual gains since the price of bitcoin can slide down again and they go back to previous position.

But with the current Bitcoin market pressure,  I think we are going to be seeing more and more bBitcoinprices that mark a steady all-time high as we go up until the next half happens since the resistance level has been broken by Bitcoin at this point.

[The Sceptical Chymist]

Exactly haha. People don't consider asset appreciation as like fake gains until you sell it for fiat. That would be silly.
If that were the case most billionaires wouldn't be billionaires.

Unrealized gains at any given moment are the exact same thing as realized gains, you just hold them in different assets.

Yeah, and the reason I commented is because I've heard that argument quite often and it always bugs me.  If you're holding stock in a company that's going bankrupt and is headed toward zero (but you bought it for a much higher price), have you really not taken a loss if you haven't yet sold that stock?  No.

And you're correct about marking the value of assets for what they're worth at any given time and the billionaire thing.  Those billionaires aren't holding billions in cash.  Their net worth is basically mark-to-market accounting in action.

And oh sweet jeezus, please let bitcoin just hold steady.  That price chart is still giving me the willies.

[thecodebear]

Exactly haha. People don't consider asset appreciation as like fake gains until you sell it for fiat. That would be silly.
If that were the case most billionaires wouldn't be billionaires.

Unrealized gains at any given moment are the exact same thing as realized gains, you just hold them in different assets.

Yeah, and the reason I commented is because I've heard that argument quite often and it always bugs me.  If you're holding stock in a company that's going bankrupt and is headed toward zero (but you bought it for a much higher price), have you really not taken a loss if you haven't yet sold that stock?  No.

And you're correct about marking the value of assets for what they're worth at any given time and the billionaire thing.  Those billionaires aren't holding billions in cash.  Their net worth is basically mark-to-market accounting in action.

And oh sweet jeezus, please let bitcoin just hold steady.  That price chart is still giving me the willies.

Yeah it is USUALLY used by people who don't like some specific asset to try to claim that people owning that asset haven't "really" made any money, as a way to make themselves feel better I guess that people are making so much money in an asset they stubbornly refuse to accept haha.

So yeah that kind of comment comes up online a lot in regards to Bitcoin since most people hate it due to lack of understanding. I guess the intent behind how people usually use the "unrealized gains" comment is to try to say "well surely your investment will crash forever and you'll still hold it so you won't actually ever get profit out of it" haha.

The whole point of long term investment is to AVOID locking in profits so that you can keep making unrealized gains, because if you're investing in a hard asset like Bitcoin, taking "profits" means losing out on more gains (unrealized or not) as time passes. Wealth is counted in total value, so: gains (unrealized or not), not profits. In risky investments (like random altcoins, meme coins, etc) yes you want to lock in profits at some point to realize short term gains, but thats because those are not good long term investments. Safe long term investments like Bitcoin its the opposite, you want to hold out on profits for as long as you can increase unrealized gains! So there is no point in trying to diminish unrealized gains as compared to profits, because the gains are what we want! Profits is simply when you decide to stop making gains and exchange an appreciating asset for a depreciating asset (fiat).

[JimboToronto]

The whole point of long term investment is to AVOID locking in profits so that you can keep making unrealized gains, because if you're investing in a hard asset like Bitcoin, taking "profits" means losing out on more gains (unrealized or not) as time passes. Wealth is counted in total value, so: gains (unrealized or not), not profits. In risky investments (like random altcoins, meme coins, etc) yes you want to lock in profits at some point to realize short term gains, but thats because those are not good long term investments. Safe long term investments like Bitcoin its the opposite, you want to hold out on profits for as long as you can increase unrealized gains! So there is no point in trying to diminish unrealized gains as compared to profits, because the gains are what we want! Profits is simply when you decide to stop making gains and exchange an appreciating asset for a depreciating asset (fiat).

i.e. Take your profits in Bitcoin.

[thecodebear]

The whole point of long term investment is to AVOID locking in profits so that you can keep making unrealized gains, because if you're investing in a hard asset like Bitcoin, taking "profits" means losing out on more gains (unrealized or not) as time passes. Wealth is counted in total value, so: gains (unrealized or not), not profits. In risky investments (like random altcoins, meme coins, etc) yes you want to lock in profits at some point to realize short term gains, but thats because those are not good long term investments. Safe long term investments like Bitcoin its the opposite, you want to hold out on profits for as long as you can increase unrealized gains! So there is no point in trying to diminish unrealized gains as compared to profits, because the gains are what we want! Profits is simply when you decide to stop making gains and exchange an appreciating asset for a depreciating asset (fiat).

i.e. Take your profits in Bitcoin.

Yeah. Bitcoin is the profits.

[AnonBitCoiner]

Bitcoin has crossed this limit too and has touched 72k$ but now again little dump move it to 71k$ again. Nobody has any idea about the future perhaps there occurs some correction and price goes down for sometimes but I think it will reach to the limit of 100k$ which will be a huge success for bitcoin.

Some dip and some pump will happen as continues growth is not possible which will eventually turn bitcoin into most acceptable currency all over the world. Reality about future is not possible to detect so investors should think by using their mind instead of having fear or greed in their minds.

[Zanab247]

Bitcoin has crossed this limit too and has touched 72k$ but now again little dump move it to 71k$ again. Nobody has any idea about the future perhaps there occurs some correction and price goes down for sometimes but I think it will reach to the limit of 100k$ which will be a huge success for bitcoin.

If BTC price can touch this level in the market, show that the future will be brighter than today, and those investors waiting for the price to touch $80k before they can sell will surely see the price before the half of this year. Predicting $100k before the end of this year, you can get it right because the green light is still standing to make the price to continue rising for the remaining hodlers to have full confident to see the $100k before they can sell to earn profits.

Reality about future is not possible to detect so investors should think by using their mind instead of having fear or greed in their minds.

Since there are different predictions is coming from different experts to confuse those who don't carry out their research to know if their prediction will come to reality or not, but if you have it in mind that your prediction will come through no matter the sign of discouragement in the market, I guess you will succeed in your hodling in the future.

[yhiaali3]

I don't know why you're so sure this is the last bull? I agree with you that Bitcoin price is likely to reach 80-100k$ but I don't agree with you that this is the last bull.

In any case, I respect your point of view, but I do not think that this will be the last bull because the data in the market indicate the opposite. The data say that we are in a bull that is different from all previous cycles and that subsequent cycles will also be different and greater than all of the previous ones.

[adaseb]

I think he means it’s the last time we get exponential price increases like we did in the past cycles. If we hit say $100K or $150K and we too and the cycle restart, on the following cycle we most likely won’t 3x the prior top of say $150K, which would put us at $500K. Just not enough market cap at the moment for that.

It will still increase in price as time goes on but most likely it will be a linear increase at a much smaller slope. Kind of how most stock markets trade. They pump during the IPO and then usually they start to peak slowly instead of suddenly.