Just saw Bitcoin hit a new all-time high at $72,214.7! That's awesome for anyone who's been holding on tight. I really think we might see it push to $80k or even $100k next.
Bitcoin Hits New All-Time High
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Crazy news today! Microstrategy just bought another 12,000 BTC, and the UK is rolling out BTC ETFs, but only for professional investors. Seems like the average Joe is getting left behind again.
But hey, unless you actually sell, it’s not really profit, right? Just unrealized gains.
Those 'professional investors' are basically just middlemen... The rules are just getting set up to create an ETF product. Normal folks don’t buy directly from big firms; we use brokers.
greg.chainMember
Posts: 34 · Reputation: 107
#5Dec 7, 2024, 08:13 AM
True, but nitpicking about profits kinda misses the point of the original post, right? This reminds me of that old saying about being the new wealthy elite. Just hope we don’t see a huge crash after this.
mr_satoshiFull Member
Posts: 44 · Reputation: 589
#6Dec 7, 2024, 10:47 AM
Exactly! Just because we hit a new ATH doesn't mean it’s all smooth sailing. Every time we reach a new high, some people cash out, which can lead to corrections. But hey, it might keep climbing until a dip hits.
Nah, they’ve made it clear retail can’t participate. Maybe they’ll change it later, but for now, it’s all about the rich getting richer.
Glad we’re at this point! But honestly, not everyone seems to care. I hear more "Oh, it hit ATH?" than excitement. At least that’s how it’s been for me.
Haha exactly! People think unrealized gains are fake until you cash out. If that were true, billionaires wouldn’t be billionaires.
We’re doing our ‘100 Push-Ups A Day Until BTC Hits $100K’ challenge. Bull run is unstoppable!
pix3l_h4shNewbie
Posts: 147 · Reputation: 22
#11Dec 8, 2024, 02:33 AM
Super excited about Bitcoin’s rise! A lot of people are analyzing this new ATH. Those who sell now are in profit, but holding onto it means virtual gains until the price dips again.
greg.chainMember
Posts: 34 · Reputation: 107
#12Dec 8, 2024, 05:03 AM
I just have to comment because this ‘unrealized gains’ argument annoys me. If you hold stock in a failing company, does that mean you haven’t lost money if you don’t sell? Nope.
True! It’s often used by people who don’t get the asset to say others have made no money. They just don’t want to accept that some are making a killing.
Yeah, basically just take your profits in Bitcoin.
Exactly! Bitcoin is where the profits are.
So BTC hit $72k, but it's already dipping back to $71k. Future is unpredictable, but I think we can hit $100k eventually. Just gotta ride those waves.
If BTC can reach that level, the future looks bright! Those waiting for $80k to sell might get there soon. I think we’ll see $100k this year.
wallet_oracleMember
Posts: 225 · Reputation: 170
#18Dec 9, 2024, 04:41 AM
Why are you so sure this is the last bull run? I think we’ll see more cycles. The market data suggests this bull is different from the past.
You might be right, but I think he means we won’t see the same explosive growth as before. If we hit $100K or $150K, next cycles will probably be slower.
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