Quote from: lixer on Today at 12:05:03 PM

Quote from: sunsilk on May 30, 2024, 08:19:24 AM

Quote from: isabellajones on May 30, 2024, 01:08:06 AM

Since the launch of a bitcoin exchange-traded fund earlier this year, bitcoin has recovered and even surpassed its all-time highs set during the 2021 bull run. But for weeks, it looked like the largest cryptocurrency was trading sideways at best.

Don't be in a hurry.

How long it has been since the ETF of Bitcoin has been approved and traded? It seems that the generation nowadays are always in a hurry and always want to see Bitcoin's action everyday.

It doesn't go like that but we're going in the bull run anytime soon and you have to do is to wait for it. It's not always green but it's also not always going to be red.

I'm not him though I like to respond here but I didn't remember exactly so I researched and the results shows that it was approved in January. That is almost 4 months now and we already feel the positive effect last time even though it was very early but that was great because that means that we will still have plenty of time to witness more growth in the price of BTC.

I still agree with you about the generation we have today. I guess this is the effect of being too modern because it speeds up our life and the expectations of the people are now tweaked to be like that. About the bull run, I think we are still on it but its rhythm have only got slowed down due to some reasons.

The fact that many people are eager for the price of bitcoin to increase day by day is not a consequence of the world developing too fast or anything . Simply put , today's young generation is investing with the mentality of wanting to get rich quickly, wanting to become millionaires without spending much time and effort. But things don't work out that way and those with a get-rich-quick mindset will soon have to pay the price with their own money.

Regarding the bull season , I guess it won't come soon because there are still many people in the market with a get-rich-quick mindset . What I mean is that when the market no longer had too many people believing in the bull season to come, many people became discouraged because they couldn't get rich as quickly as they wanted and they sold their bitcoins . At that time , the bull season will come to the shock and regret of many people. The financial market is like that, rewards are only given to those who deserve it.