Post
Topic
Board Speculation
Re: Is this the end of excitement
by
LogitechMouse
on 22/01/2024, 16:09:15 UTC
I have been buying small amounts of bitcoin for over 10 years. While I was always knew bitcoin would grow I did hope that some events might make it jump up in price say 3 to 5 times. Events like etf approval, a harvening etc. I still remember those charts that had predicted supersonic prices by now. But now read that both the etf and harvening aew now priced in and yet the price is not even an earlier all time high.

Does that mean the excitement days are over. Has bitcoin become boring in terms of big price fluctuations☹️

Your mindset is wrong. It's just a shame that you have been buying Bitcoin for 10 years, and yet you don't know how the market moves whenever a big event happens.

You think that an acceptance of a Spot Bitcoin and ETF will push Bitcoin up to it's ATH? You think it will happen in an instant. Just so you know, harvening or "halvening" I would assume isn't done yet. It can happen somewhere around April base on the calculations. To answer your question, yes the huge fluctuations is now gone, and it's because the market cap is now higher thanks to the investors who are investing more on Bitcoin. More market cap = lower price fluctuations.

You are expecting that what happened in the past years will also happen this time. It's not 2017 or 2018 or 2019 anymore. Smiley