Ninjastic
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Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
SmartGold01
on 08/05/2024, 16:58:38 UTC
Quote from: Cryptoprincess101 on Today at 03:20:14 AM
Quote from: SmartGold01 on May 07, 2024, 08:25:08 PM
Quote from: JayJuanGee on May 06, 2024, 11:44:11 PM
This year we already had several new ATHs between $69k and $73,794, so are you waiting for more?

If you are merely waiting for a new ATH, then how are you going to know that it is enough?  and why would you necessarily hold your value in dollars rather than holding your value in bitcoin?

Yes you are correct we have already achieve new ATH for the year 2024 but there are more chance to achieve more although this is on base that positive news comes up then it would really effect the market so easily. Though since we had already achieve ATH for year which the price touches $73k was at a cause of the ETF approval which many of us knew about it that was why it seems that bitcoin didn't follow it's historical data, because usually when halving passes the next is to carefully monitor the market while we gradually moved to the next year to achieve a new ATH.
Saying we have achieved a new ATH of 2024 makes it looks like ATH is created every year but I want us to understand something, the market is determined by itself whether the price of Bitcoin will soar high or reduce and it is the price movement that will lead to creating a new ATH and since there is no much investors coming in makes the market to look stagnant and revolving within some price limits and falls. Even if the approval of Bitcoin spot ETFs made bitcoin achieve a new ATH before the halving but yet another new ATH may not be created again till after the bull market so there is no need to hope on Bitcoin reaching a new ATH again as you can just HODL your Bitcoin whether a new ATH comes or not but since your plan is to hold for a long term.
It's a circle and a market principle we must experience and the market always maintain its principle, and again we don't experience ATH every year rather it is created every single 4 to 5 years to come. Market is volatile if I may say but as trader or investor who has decided to venture into bitcoin would only exercise patient and of course for bitcoin investment long term hodling is always the best option. The halving we experienced made lot of people think would experience another this year but of a true seeing another ATH is under probability we may or may not but surely the bull run is by the corner and this could be possible from next year.