Ninjastic
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Re: another ATH , 71k and still climbing.
by
Dave1
on 17/04/2024, 10:54:59 UTC
Quote from: Iranus on April 13, 2024, 03:45:18 AM
Quote from: Out of mind on April 13, 2024, 02:18:58 AM
Quote from: peter0425 on March 11, 2024, 09:36:53 AM
are we  going to see 75k this time? because bitcoin is in the 3rd time this month breaks ATH https://coinmarketcap.com/currencies/bitcoin/  the unusual occasion that we have seen since its creation .

HODL guys , keep holding .

Any reason for this Pump now?

A few days ago we had a chance to touch $75k dollars but instead of going to that level, the Bitcoin market went back to dumping after going closer to $73k. If you look at today's market, you will definitely get a lot of pause because the market has experienced a lot of volatility. From the market $71k dollars it turned into volatility and came down to $64k dollars which is a huge bear.  But we should hope that as we have Bitcoin halving waiting next week, the market will bounce back soon. However, since the Bitcoin market is still very low, you can hold on to the investment if you want, and you will certainly have the desire to make a good profit in a few days. Since the market is jumping right now we are definitely going to see it pumping higher in a few days, then surely the Bitcoin market will be in a good position. And if you invest bitcoin now and hold for long time then it will be best for you, and you will get much more when bitcoin fry reaches its peak.

In just a few short months, bitcoin increased from $15k to $30k and from $30k to $73k and those who bought bitcoin for less than $20k, they made double profits 3 times. But I haven't seen anyone say bitcoin increased too much or skyrocketed, but when bitcoin only decreased less than 10%, from $71k to $64k as you said, you think that is a huge bear. Is this fair or are we being too greedy to just want to see bitcoin just go up forever and not want it to correct? Overall, there is nothing to worry about with the current situation, bitcoin is still holding at a very good price.

It's because no one wanted to see the price to go down, that is the normal response for investors. Even seasoned and veteran investors want's to see their portfolio to grow overtime. And in the first 3 months, we are all green, specially in February when we hit a massive 43% increased.

Now in April and approaching halving, we are -10%, nevertheless, it's not yet the end of the month, we still have again the block halving before the end of April and we will see if  the trend will continue or not or if we are going to make that $75k as it seems the logical barrier to break.