Quote from: AnonBitCoiner on May 01, 2024, 10:07:37 AM

Quote from: Nothingtodo on April 26, 2024, 09:56:36 PM

Before the Bitcoin halving it looked like maybe the Bitcoin market would go over $100k after the Bitcoin halving. But after the Bitcoin halving, Bitcoin tends to decrease rather than increase. Bitcoin is currently at 63 thousand dollars and from here Bitcoin can take two types of turning especially if the price increases then it can go to 100k dollars and if the price of Bitcoin decreases it can go down to 50 thousand dollars.

When the price hit 73k$ then everyone was happy and was assuming that the price would hit 100k$ but now it seems that price will take time to hit 100k$ and is not an easy achievement. People are making mistakes that when they see regular pumping then they start to invest more and more but they don't remember that such a pump can also stop immediately.

Price movement is unpredictable but after halving it does not change a lot and persists at 63k$ for longer time so I think instead of going down it will pump and will steadily move towards 100k$ with a little bit of dumping price.

I believe everyone understands and is aware of that, but when the market is too excited and Fomo is at its maximum, you will be carried away by the crowd mentality and cannot easily escape.

I believe that with bitcoin continuously increasing in price for many months and continuously peaking, most people know that a bitcoin correction is inevitable. But investment psychology and greed do not allow us to stop until it is too late. Only when everything is over do we realize our mistakes.

It sounds easy to say, but I bet you have been in that situation, and will continue to be in that situation in the future when bull season comes. It's not easy to stop our greed when we're in a crazy bull market. That's why the financial market doesn't have too many winners, most will lose because controlling greed is not as easy as we say.