Topic: 127% Up from Bottom in 2022 - page 2. (Read 489 times)

I am really sad I was very impatient with my Bitcoin orders that I gave around 25-26k levels. I was worried we may drop down to 20k so I dumped a lot of Satoshis around 28k levels. I literally cut myself from foreseeable profits. Bitcoin is truly good asset. I wish it could be even more cheaper so I can start to rebuy. 40k doesn't look impossible to me at this point. Its going so good.

The masses often react to this market once bitcoin achieves a new ATH, that is when they finally realize that bitcoin is not dead and that it is once again giving signs that its price could erupt at any moment, then they decide to come to this market and buy what they can and this is what makes its price to surge violently, so even at the current price bitcoin is a good investment and it is important to keep accumulating as many satoshis as we can, as once those people make a move the only thing we can do is to enjoy the upcoming profits we will get.

I agree that the price isn't enough to convince them for now. But those that have been out of the market for sure have seen this push and they're getting back knowing that halving is around the corner. The strategy that they're doing is to get onto the market when the movement is so fast that they can't ignore it anymore and the price that can't be ignored anymore of how high it can go.

If we get this point as the support and becomes the stabilizing level, that's much better and we're really in a safe position before any corrections or skyrockets.

We don't need to judge people who are pessimistic about the price of bitcoin, even though the market has experienced an increase of 127%, they are still pessimistic about the current increase in the price of bitcoin and their assumptions are just a temptation from market patterns before the price falls, so it's better to stop following their accounts and we remain focused on the increase in bitcoin prices reaching ATH in the future.

The sideaway market position between 33-34k is still a safe position from the impact of market corrections, the market has the potential to reach a price of 40k at the beginning of next month, and we hope that there will be no negative issues that will have an impact on worsening the market situation.

The title partly explains why we will sell off those gains, they are so impressive and some of the money is leveraged.   As we know Dollar is being tightened or some attempt in that is occurring with higher rates and bond prices presumably attractive to some even if the stocks might be considered not cheap the BTC price is not in isolation.   We have to compare and contrast, if we do that the sell of BTC after gains becomes more of a normal event with profit taking and people paying their bills.
  BTC is non fractional in a fractional leveraged world, hence why it whips around so much imo we can see people sell it in the 30's price area.

I agree with you. So far, the masses are still very pessimistic and still believe that BTC is dead. We have already seen the price double this year and yet many people still think badly of it. However, this is a good sign, so we can assume that BTC has not yet reached its maximum. It can go further.

The only hope for those people who are not yet well-positioned for the next bull cycle is a Black Swan, which one possibly could happen because of the unpredictability caused by some macro-economic and geo-political conditions that are currently happening around the world. Plus I don't want to be bleak, but I believe World War III is becoming a possibility as tensions in the Middle East rise. There are prophecies written that that's where the next Great War will begin.

Aww thank you, in all my years on this forum I don't think anyone has ever said that exactly. Not that I need validation and not that I think trading is bad. I just think it's not for everyone, being making past mistakes myself.

The thing is, traders like to say what you did, that any market condition is good since they can short or long. But real reality is traders find it very hard to change tactics from "buy low sell high". Investors only have that tactic to practice hence they do better.

HODL is the best decision, especially since the market situation is improving. We will probably see another surprise from Bitcoin in the next month or December, later this year. And if we can continue to HODL Bitcoin, we will again have the opportunity to make big profits. A new ATH will be reached again even though we don't know when.

It looks like the bearish position has slowly shifted to a bullish position. Even though the bullish position is not visible, the price tends to look sideways from time to time. This means that the price of Bitcoin is moving in a better direction, even though we don't see an immediate increase to the highest price.

For now, doing DCA is still the best way to prepare for the arrival of the bull market. And if we already have a lot of Bitcoin, we can wait for the bull market to happen and not worry about its price movements.

The rally from the bottom has been explosive, but not enough to capture mainstream attention yet. Plenty of people I talk to still think Bitcoin has crashed and burned. When Bitcoin starts being thrust into everyone’s faces again I think the rally will be tremendous. Most people aren’t interested and we’re at $34,300. It won’t be long now.

Bitcoin price is just running for increasing every two day's the price will change, so the thing is that their is every tendency that bitcoin price will reach to forty thousand [40k] before the year runs out, so I'm saying the predictions is base on assumptions and individual predictions.

We all know that bitcoin price always rise and fall in which we can not stand here and make conclusions and also give people hope that bitcoin price will reach forty thousand [40k] so their is some certain things that is reliable and believable, but when you come to bitcoin predictions almost all the predictions of bitcoin none come to reality about increment of bitcoin.

The price of bitcoin do rise now and fall base on the gravity of the investors into cryptocurrency generally and mostly in bitcoin market, so I do believe that bitcoin can fall from thirty four thousand [34k] which is the current price to twenty five thousand [25k] because this has been nature of bitcoin from unsent, so I can decide or come inclusions that the price of bitcoin will hit forty thousand this year base on the positivity we are seeing in bitcoin price this October.

The chance of bitcoin falling and rising is equivalent in cryptocurrency industries, like me I have the confidence that when bitcoin will be fully increase is in 2024 after halving, but their is every possibility as I'm portraying that bitcoin price can rise and also fall at any point in time.

You can do this because you have the mentality of an investor, while most of those that call themselves this way do not really have the requirements to become one, an investor takes advantage of the market conditions whatever they may be, if the price is going up then that is a good thing as the value of your portfolio is going up as well, but if the price goes down then this is good too as you can buy valuable assets for a price way lower than their real worth.

Rather, my memory doesn't really feel like it depends on any particular BTC price. I know people get all excited or all depressed at certain prices but for me I actually feel quite happy in low deals since I just actually practise DCA.

The cheaper, the better, I never worry. November you mention seems even more recent than I remember so I'm definitely not affected by FTX lol. I remember Luna nonsense first, and then the next 6 months of drama were just to me like expected telenovela.

You're correct dump doesn't look possible now but remember, last big mega dump was 2 or 3 months before halving, IIRC

Exactly, even if there will be no more really dip, it's always good to buy because, for me, it is better to buy than to miss the opportunities to buy because of too much waiting for the dips.
For me, buying on confirmation is also better than buying with dips, at least somehow you have some confidence to continue the price hike.

Indeed this week has been a smiling week for most bitcoiners, I can't say that this same experience is intended to the traders because they take their own risk differently from the kind of trade they to into, but every holders of bitcoin would have realized that huge improvement on the market and how the sentiment was set to fight against going any dip than where we are, i was busy giving a closer study on the chart when i discover how the resistance towards $34,000 lower had been made strong and all i could deduce is more stay between $34,100 and $34,600 lately, which means we are like to break this zone to $40,000 sooner, if the market continues and the resistant persist against dip.

Truly bad. Hahaha. But there will always be more DIPs and more opportunities to buy Bitcoin at a discount. Although they may not be the DIPs that many people want, those will be the kinds of DIPs that will make it easier for your mental health and sanity because they will form higher lows. Those DIPs won't disappoint you.

This is bad. I was hoping to see more times to buy Bitcoin at a price less than 30,000, but it seems that the wheels of the train have moved. Let us hope that Bitcoin maintains levels near 30,000 and does not move quickly. In general, until March it reached the price of 40,000 to 50,000. The possibility of 100,000 during 2024 will be very possible.

Lol, it seems that you have a short memory, but for us it is still fresh from November last year as we have to endure the FTX collapse news and how it put a dent on the market. But looking it, sometimes it's better to see that happening in our market. I mean, we don't pray that we see black swan event like this one. But it shakes the market and what's let is those investors who what we wall the diamond hand.

I'm not sure if we will see a big dump though, I mean it's almost the end of the year now and investors are looking for the block halving next year. So we might see pre-halving at $50k. So as others said, just continue to accumulate and see how it goes in the next bull run for us.

HODLing will forever be worth it, I don't know when has HODLing not become a worth it. Of course it will always vary, there's no direct and absolute direction for the market even if everyone believes that bitcoin will not go down at "this" price but then the markets proves everyone that that "this" price has become a reality. I'm not trading a lot and I'm not a graph guy so I was surprised that the overall market performance of bitcoin is still pretty much on the positive side, I guess it's all the bearish news that I've been seeing while scrolling through my social media that got me to think that bitcoin isn't doing well but I guess I'm proven wrong and I will gladly take that I am wrong in that stuff.

Let me help you with that.



If Quantitative Tightening/rate hikes in the United States and in a few, but important, regions around the world have done the job by early 2024, then by Spring 2024 perhaps we'll see a pivot to Quantitative Easing and BRRRRR-Money-Printing that would start a massive surge on ALL asset prices. Bitcoin's bull cycle from 2019 to 2021 didn't have a massive surge like it had during 2015 - 2017. I believe it will for cycle 2023 - 2025.