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Author Topic: LAST CHANCE TO BUY BITCOIN.....  (Read 505 times)
STT
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May 18, 2024, 02:08:06 AM
Last edit: May 18, 2024, 03:08:00 AM by STT
 #61

I remember this phrase for sub 10k BTC and that day did happen though I forget which day was the exact last day.   People said that for years though, expecting 10k never to occur again partly because we had exceeded it but we returned many times despite expectations.  I do agree we can leave this price range behind but I think the first attempt to leave orbit is rarely the success expected, it happens more gradually and we eventually leave behind that price after many attempts.

The old ATH price in this area is probably going to be a feature for this and maybe also next year even the year after in some way this price remains relevant.    I would like it to be the lowest price so ATH becomes the lowest we see, that'd be my most optimistic view.  I dont think we are going straight up never to return, BTC is more volatile then that consistent movement.  It explodes then it comes back down, we do hope gradually we gain over years but it seems to take quite a while to occur in eccentric erratic elongated patterns.

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May 19, 2024, 09:35:34 AM
 #62

To me nothing has changed in my opinion all fundamental holders of Bitcoin are still very strong, there is now less supply in the amount of Bitcoin that is printed a day, and Technically, Bitcoin is still Consolidating around its previous ATH,  and is trying to confirm that zone as a support before taking off which is healthy for the market....Try zoom out on the Chart to Weekly and Monthly time frame, maybe you would get a clearer picture of what Bitcoin is doing at the moment.

You are correct, Bitcoin has not changed it is people that were expecting something different from what is happening to the price of Bitcoin that will think that Bitcoin has changed. Bitcoin is not suppose to have a new highest price before the halving but it did, why do people still think we should be having another highest price immediately after Bitcoin halving is over. We are lucky we did not get a dump because that was what I was expecting. Bitcoin need to consolidate for some more time before it begins to go up again. Bitcoin will always give us a last chance to buy, this might not be the last chance because you do not know if we are going to see the price of Bitcoin dumping again. The market can be very unpredictable sometimes so we should not be making bold statements that we do not have any prove to be true to not mislead others. Instead of to FOMO into the market because you think this the last chance to buy Bitcoin, you can continue to DCA

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Today at 04:46:23 AM
 #63

why do people still think we should be having another highest price immediately after Bitcoin halving is over. We are lucky we did not get a dump because that was what I was expecting.
In one word, greed, and if bitcoin had reached 74k then people would have expected to see 76k or even 80k and if 80k was reached then 90k will become the next target, the greediness of people knows no bounds, which is why they always seem to be unsatisfied with the price of bitcoin no matter how high it is.

Bitcoin need to consolidate for some more time before it begins to go up again. Bitcoin will always give us a last chance to buy, this might not be the last chance because you do not know if we are going to see the price of Bitcoin dumping again. The market can be very unpredictable sometimes so we should not be making bold statements that we do not have any prove to be true to not mislead others. Instead of to FOMO into the market because you think this the last chance to buy Bitcoin, you can continue to DCA
This seems to be exactly what is happening, after the ATH was reached, it took bitcoin a few weeks of sideways action for us to once again see the price above 70k, and it is possible the bulls may try to mount an attack and surpass the previous ATH soon.

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