Post
Topic
Board Beginners & Help
Re: what will happen to Bitcoin after the bull run?
by
Mpamaegbu
on 06/02/2024, 11:08:05 UTC
It is believed that Bitcoin will experience a significant increase in it's price during the bull market...
That's true but have you bought in or you're going to sit on the sidelines and watch the circle in full swing? My first experience of the bull market was in 2017. Incidentally, I was a noob then and didn't know where and how to buy. Also, there wasn't much information as there's now and as such many noobs like me couldn't understand what was happening at the time. From your rank, you're a newbie but l can't say of your level of exposure to this industry. You may not necessarily be a greenhorn in the true sense of it and may likely know more. Take my word for it, if you haven't bought or hodling Bitcoin; try and do that now. Once the real rally begins, the market is going to be chaotic. Everyone will seem to throw caution to the wind when that begins. Those who will buy after halving won't be buying at the right time. The right time was last year. The second right time is now.


On what happens to Bitcoin after the bull run? It will take a whale to sell a potion of their holdings to trigger price reaction in the market after the bill run. This action will cause slump in price and paper hands will rush in to start selling in panic. Price will dip further to the point that most people will begin to think Bitcoin is going to die. That's what had always happened every post ATH period and that's how the bear season creeps in. It's going to happen again. Nonetheless, we should know that a bear season forms the accumulation period for smart and shrewd investors. It's not completely a bad thing to be experienced, after all.