Topic: 127% Up from Bottom in 2022 (Read 505 times)

When the market is excited, everyone becomes greedy, is it time for us to be more careful? Bitcoin increased a lot in October and November and there has been no correction yet. So, instead of expecting a continued bull run, should we think about a correction first? Even during bull season, bitcoin will have corrections before coming back to create new ATHs, so don't be too subjective and assume bitcoin will continue to rise from here without any correction. Personally, I will be more cautious when bitcoin hits $39k-40k.

Yes, and with that, the bullish sentiments will go and continue for this month. We have reach almost $39,000 and I wouldn't be surprised if by Monday when everything is back we could make another push to it or even the next round numbers - $40,000 which is going to be big for us if we touches that this month.

Nevertheless,  we have a lot of time till the end of the year.

And there are a lot of things that might come, a very positive news that will push the market to at least $45,000-$50,000 pre-halving price. However, I do hope that there will be no selling at December as usually there could be some investors wanted to take profits for Christmas and New Year holidays.

Now we are above 37k, so we can say that it is getting even better and should be considered a little bit better compared to even when this topic has started, that's an important thing. At around 34k or so when this topic started, we are %!0 better than when it did, and that is just since OP wrote the topic, if we look at the bottom in 2022, we are MUCH bigger, more than double, from 15k to 37k, that is a serious increase without a doubt. I hope that we can continue with this type of increase, I would love to see another %150 or so increase in a year, that would make it worthwhile to keep holding it. I believe it could definitely end up with a greater increase too, potentially even higher.

I feel like it is doing fine, there is no need for anything major or bigger to happen, we are doing fine so far and keeping that up would be more than enough. I get that not everyone could reach the same level of devotion to bitcoin, and some people will have some sort of suspicions regarding the situation, but that doesn't change the fact that we are going to end up with anything major, we need to just make sure that we can keep it going as long as possible.

I believe that we are going to end up with anything that would  be silly, and we need to arrange something that could make a bit more changes. I believe that we are going to have some good returns in the near future, I can sense that 40k+ would be possible before the year ends, that seems like a good possibility.

We might have different way of analyzing the market but we have the same perspective of what will probably happened next to the price. I believe that the bullish trend occur after breaking $25k resistance which is a confirmation.

It's 149% up and I think there's more to come. If we see a dump of price in the near future, we don't have to worry because it's just a pullback before the price continue to go up.

Bitcoin must rise in bid for its recovery over a long time bear market, we are still in more expectations to see the market going more as it has achieved $37,000 and before the next halving approaches, we would have been in a long way far in the bull market, yet we should still know that at the moment now, the bullrun has not started yet, we are still working towards the last all time high and from there we move on towards the next year target.

Bitcoin prices are more or less affected depending on the number of bitcoins sold on the market, if a large amount is sold for profit, a deep decline in bitcoin is inevitable.
But another scenario can also happen, don't forget that this market does not only have retail investors like us.  the market also has sharks, whales, market makers...so maybe when people try to sell their bitcoins, market makers can also push the price higher instead of letting the market discount.  therefore, the idea of selling during the holidays and buying back later also carries certain risks, we cannot know what will happen next.

I think they have every reason to sell off specially if they needed some money or if there is a emergency. But for me, I will stick to what I do best, that is to hold as long as I can and long for the long term. The bull run is just around the corner, I know it's next year, but we don't that time flies very fast in crypto market. So it's better to have a patience and not sell impulse selling.

If ever there will be a pull back, I'm seeing like $32k will be like the price that we are going to see if there is a huge sell off that is coming. On the other hand, the price seems to be very steady though, we went almost $39k, corrected to $36k and now we are in the mids $37k. So there's a lot of movement that the chance to go to $30k-$32k might be slim at this point.

Now that I saw this thread, I remembered a user here who created a thread, and basically the contents of that thread is him selling his land property then used all of that money to buy Bitcoin. Take note that at the time he created the thread and bought Bitcoin, the price of it was near the bottom. I guess around $18,000 more or less.

If you're here and you read this, quote my post and link your thread that you created. Bottomline is those who took risk at when the market is down a few months ago are the ones who have the most profits right now. Those who bought Bitcoin at near $17,000 or let's just say $20,000, they nearly doubled their money already. Holding it for a few months, and there's a chance that their money might triple or even more.

It's all about risk, and decisions. You take the risk, and you make good decisions, you will get profit. You take the risk, didn't follow the herd, and did the opposite then there's a chance that you will double your money in no time.

This is the reason why I don't want to follow what most of the people are doing. This is also the reason why my funds for investing, and for travelling are different. I don't want to sell my assets just for the sake of holidays.

I agree that there are some who might take profit in December because they need money to be used in the holidays. I will do the opposite especially when the halving is just a few months after December. Just a little bit of patience, and forget selling during the month of December. I will just celebrate after I sell all of my assets during the bull run.

Well, it's my own strategy only, and don't criticize me.

Figures like this are good to write down to remind us why BTC can sell off early before its done with the full gain.  People who have been holding this entire year want to cash out some of their gains which is totally natural.   That harsh pullback does not mean its the new lower price, no price is an absolute truth that cannot be disputed its only correct in that moment to match buyers and sellers together.
   Most obvious inaccurate prices is when people rush to sell at any price, so fear events do this and often it will correct back up also hence the V formation on a chart.   I reckon we can get 30k now and it'd be ok still, I will surprised with no proper pullback at all theres always some kind of test in a healthy bull run.

I'm not surprised that price of bitcoin will get to increase to  thirty four thousand [34k] and later tye price of later increase or clamped to thirty five thousand [35k] and still come down, so therefore we can not say that the price of bitcoin will continue to be increasing or say when it's fall's we say that the price will continue to be falling, I will say that in 2023 being this year that the price of bitcoin will continue to accelerate to the extent of reaching forty thousand, so it maybe that next year we will not experience bullrun as we expected.

Or we could also look at it this way, even if there are sellers during the holiday, the price might not be affected, or if there is such a effect, it will be minimal or we might not felt it as there are still potential buyers in the sidelines waiting for this weak hands to sell this holiday. So still good though, at least the liquidity of the market is high and that the volumes is also steadily climbing.

So why not take profits this December? it's not that bad and then try to re-buy in January? Still it's a win win situation for those investors, enjoy their profits whatever it is during the holidays and then go back in the market the soonest for another start of the year run to us.

It's amazing when I look at the graph above. Digital currencies have historically been very volatile and people are always shaking their heads when they see their potential.

Maybe Many of us may have been following Bitcoin but in this case I am also following developments and waiting for the 40K milestone to become possible this November where Quantity is open for further execution.
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It would be reasonable for the price of bitcoin to go down at the time, as even if its potential to generate profits is still untapped for the most part during this period, at the same time I am sure there are many people that have obtained good profits with their bitcoin investment already and they may like to take advantage of this by selling some of their bitcoin so they can afford all kind of gifts during the holidays, but such a movement will be nothing more than a correction that should have no long term influence on the overall upwards direction of the market.

Yeah, most likely there could be some profit taking as December is holidays, and everyone wanted to have fun with their families, maybe go on a vacation so they will have to take some from their stash and sell for money.

But we are still good though if the price goes back to $30k'ish in January, usually at the start of the year it will be slow to us and then most likely pick it up leading up to the bitcoin block halving.

So it's understandable, the most important thing for those who sell is to still pick up some at the start of the year and continue to accumulate as much as they can.

42k dec 1 48k jan 1

some profit taking in jan so we may drop back into 30s.


This would be a duplication of the 2015 fall uptick.

As I've always read, people buy Bitcoin at the price they deserve. Many were bearish at $25,000. Many were still bearish at $20,000. And then some remained bearish at $15,000. They didn't buy. Even at this point when the price has already hit $35,000, some are still saying that it could still go back below $25,000. It may or may not happen but if you keep on thinking of the bearish possibilities, it's either you might not be able to buy at all or you are destined to buy at a much higher price. You better have the courage to do the buying now.

Another solid reason for me to believe that we are already in Bull run but still in the accumulation phase because we clearly saw that the price can skyrocket 5-6k$ in 3-4 hours which is insane. Also this demonstrate that the next bull run could have a solid potential to be the biggest one from all aspects and if that happens , Bitcoin could easily hit 80k in the next bull run. 

Are you able to take profit? Then why sad?
We cannot chase the market all the time and taking profit is a must, if you still see Bitcoin to continue to rise then buy again and use that profit to reinvest. The market is getting better but it doesn't mean we can't take profit, the moment you realize the importance of taking profit I'm sure you'll do it over again. Bitcoin will grow more, do DCA today and you won't regret it.

More has to come. This is just the beginning. I have seen many people underestimating the capacity of Bitcoins. Hence they are the ones who are excited to see this rise. Hardcore Bitcoin investors already know that these jumps are normal. They also know that Bitcoins are way more valuable than this. Hence, they will keep on holding and if possible they will buy more Bitcoins in this price. A large price hike has yet to come, so we all should be prepared for it.