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.
I might not disagree with your overall point @Cryptoprincess101 - because you seem to be just suggesting to keep accumulating and holding, but your description of all time high and bull market comes off as a bit confusing.
Largely we are currently in a bull market and we have been in a bull market since November 2022 - even though we might not have had realized it until mid-2023 or perhaps late 2023, so we have been in a bull market the whole time, until it might become confirmed that we are no longer in a bull market - and frequently by the time we realize we are no longer in a bull market, there might have already been quite a bit of BTC price correction by the time we realize it.
Sure, some people are going to call bear market or the end of the bull market many times, and frequently be calling the end of the bull market many times, until it is finally confirmed to end.
So in that regard, there could well still be several more ATHs in the next 6-18 months - even though none of them are guaranteed, so then there can develop some questions regarding what to do or how to approach the whole situation, if there would be a plan to keep buying all the way through it or to consider to just hold if the price goes high or to start to sell some at some point, yet the answer to many of those questions might not be so focused upon whether or not BTC is in a bull market or a bear market, but perhaps more focused upon how many BTC the person had already accumulated, when those BTC were accumulated and then what is the average cost per BTC, yet even having answers to those questions would likely not answer what the person could do or should do without perhaps exploring other aspects of the nine factors that might relate to timeline or even other investments that the person might have.. and a few of the other
9 factors might come into play, too.
And surely both you @ Cryptoprincess101 and SmartGold01 are in similar situations of ONLY having had been into bitcoin for a short period of time, even though surely there could have had been more opportunities for SmartGold01 to have had been able to front run her bitcoin investment.. but still she do es not seem to indicate that kind of a frontloading taking place for her.. so I would still consider that there is a certain amount of just continuing to accumulate BTC, since there sre going to be difficulties in knowing if the BTC price is topping.. except maybe getting above $200k this year or above $350k in 2025 might start to feel "toppish," yet at the same time, we can hardly even know what is toppish without going through a whole cycle.. and perhaps buying on the way down... so it can be quite difficult to suggest how anyone still in their first cycle should be approaching their BTC investment.
Investing for the purpose of profit is foolish, if you accumulate bitcoins for a long time then profits will definitely be earned because the price of bitcoin will increase the most in the future. If you don't believe that then you look back to 2013-2014 or 2010, you will definitely find the real truth about Bitcoin price. But keep in mind that Bitcoin has increased by 10-12 times since today and the peak price of Bitcoin can be observed. So I think Bitcoin Hold is most efficient for long term.
I see no reason to go back to 2010, since BTC was barely getting a price in 2010, so it is difficult to really be realistic when starting from a price of zero or near zero, and if you look back to 2013-2014, you will see a wide range of BTC prices between about $10 and $1,163 (which would be between 53x and 6,140x profits, so using that kind of a wide price range is also not very realistic, so there are needs to pick some kind of a date or a flat period.
Frequently, I prefer to try to use the beginning of 2012 if I am going back to the earliest of dates, and that would be starting with BTC prices around $5. So you can already see that with $5 as a base, we are getting somewhere in the 12,280x in terms of price appreciation .. so surely much more than the 10x to 12x that you were referring to.
And if we might want to start with $250 as our base (which approximately was the BTC price for a large period of 2015), then we are still getting in the ballpark of 245x price appreciation.
Of course, we use the period of late 2018 to even late 2020, we have BTC prices largely jumping around between about $3,124 and $13,880, so looking at that at the extremes of that period, we get between 4.5x and 20x, so surely that period could reasonably be a bouncing off period for a more reasonable range of 10x to 12x BTC price appreciation.
Anyway, you should try to be more accurate with your numbers, so you are at least close to being correct in terms of either the BTC price comparisons that you are referring to and/or the comparison of time periods.