Topic: 2023 end game sentiment check (Read 796 times)

No way to say this with more truth. Binance was very different from a regular CEX because it not only heavily promoted alts but it created some of the biggest alts in the world BNB and BUSD.

Past few years, I have said many times about Binance and BNB, and so many people defended them.

Now these guys admit. Not just to fraud you know, but to accepting illegal clients and illegal money. Still think they were important to Bitcoin?

At the end of the day Binance is an altcoin exchange and anything going wrong with it would first and foremost affect altcoins not bitcoin. This is why despite this news and the follow up FUD and the market manipulation, bitcoin price didn't really change. It is still staying above the $35k level as it was ever since early November when we first broke this resistance.

It's just interesting how all of this happened in the last 24 hours and right now, the market is just moving towards the north like there's no tomorrow. This is what makes crypto interesting. Down today, upONLY tomorrow. Yesterday, everything was —10% across the board but today, it doesn't look like yesterday was such a day.

Anyway, I'm looking to see if Bitcoin can finally break $38K otherwise we might be in for another move downward. Interesting times despite everything the industry has been through.

The markets are very dynamic and this means that there could always happen something unexpected that makes the market to change directions very quickly when no one expects it, and we just saw this yesterday when CZ was forced to step out of his position as the CEO of binance, this caught the markets by surprise and binance went down 9% or 10% in the lapse of just a few hours, so even if the overall sentiment right now is bullish, bearish news can still happen at any moment and send the market in a downward spiral quite quickly.

In my opinion, the market is only recovering but there will still be subsequent declines, because according to past history there will still be several more declines before the BTC halving occurs.
This is just speculation based on data that has already occurred, but could change due to other factors.

At the current price of the market, I have the feeling that the bear season is over and what we are seeing now is just minor retracement in line with how the market moves. Even though we might not conclude so fast, there are high indications that we are in a bull dominated market.

Many things are still unclear regarding what the market will do regarding the news of ETF approval of rejection.  There are also other factors that might influence the market including the ongoing Ordinal hype.

I dont care is totally fine as an option imo because price is not the most important factor despite this being the speculation part of the forum I think thats fine to say.  Price isnt accurate maybe ever, its not actually determining value just those people bidding like an auction sale the price can be wrong and yet we have to guess its direction etc.
  In any case the vote was fixed start of this month just to capture sentiment at that moment, indecisive was a fair outcome.  Of course I take it as easily ironic, if we all voted upwards it would be inversely a negative sign.

2017 repeating, from my recollection I remember many bouts of almost outright chaos in those months.  Not only the gigantic price change but the news and the great big split that occurred in that summer.   People were bearish with some good reason, it wasnt easy going.  The Chinese banning BTC, yet it recovered, the traffic stalling, fees occurring was a factor imo.   I couldnt compare now to 2017, its dead calm comparatively I kinda wish we could have a do-over but nope this aint it.

https://news.bitcoin.com/an-in-depth-look-at-bitcoins-first-chain-split-satoshi-helps-reverse-the-creation-of-184-billion-btc

I love for that to happen again, that would mean that would prove the doubters of bitcoin that you can never control how the price of the market will move no matter how many whales there are and it's a lovely thing to see these whales lose their money and sacrifice their wealth to the almighty bitcoin, that compound bearwhales is a little ironic, a billionaire that's always negative about the market that's making them the profit. For me, I think we will see a really good year end for bitcoin because December is a pretty good month right, what I am worried is that I would be able to sell my bitcoins when the year ends because January is a bad month and I want to capitalize on that potential in January to get back in with even more bitcoin value.

I guess there is still hope for 2023 because, BTC price can still rise to reach $40k before the end of this year which is possible for such thing to happen in the market and, we have experienced such things before in the community that made many hodlers that nearly lost hope to start celebrating for the surplus profits they achieved. If you look at the beginning of this year till early October, you will know that bull run will still flow before the end of this december because, I have carry out my personal research, I believe something good will still happen that will affect BTC and other cryptocurrencies positively.

If BTC can reach $38k, Ethereum $2k and other coins take a good steps with them in this month of November, it is a sign that bear run is coming to an end any moment from now for the massive bull to roll in for hodlers to start making profits.

It appears that we might have gotten the most neutral outcome hehehe. There were no ETFs rejected and approved, only the postponement of the SEC's decision. There is also no big dump of bitcoin on our faces, only a small correction. This might be the most favorable of what might occur if there was no approval from uncle Gary hehehehee.

Correct, while the markets move on those two raw emotions, it is a mistake to follow them, a trader needs to remain calm under those circumstances and perform a series of actions that at the time may not make sense, but that given enough time they will, just like in the example you give, it may not make sense for your average investor to buy bitcoin when its price is still going down and a long bear market will follow, but for the investor that is thinking long term this is the perfect moment to buy bitcoin as there will probably be no other time in which they will be able to buy it for such a cheap price.

At least the casted votes did not even go close to negative because all the votes and replies coming forward to have more than 20k level till its done.
Some to believe it will Break the ATH(in which I will not believe still,not until next year) while others are still good to believe that they will see a no sideways movement and yes there are no correction being said.
still waiting for 40k to wave on me because there is a plan that will only takes place once the price covers.
hoping that anytime soon 40k above will be on the market and so my folio will ready to shine in Bull market if my plans made it there.

Agreed heehhe! However, this pump might only be a speculation on the approval of the spot ETF. The next scheduled date for approval or rejection is on November 17, there are 2 applications and another one on November 21. If they are rejected, it might be a sell the news dump, I reckon. However, if at least 1 of 3 is approved, we can be quite certain that we will witness another pump to $40k.

The most bullish might be if 3 are rejected but bitcoin does listen and pumps to $40k hehehe. This would certainly be a declaration of strength by the bulls that we are officially on a bull market.

And I hope they also fail in this period if they intend to dumping prices. The market is expected to move higher towards the end of the year especially as rumors about ETF approval become stronger. A bitcoin ETF hasn't been approved yet - but big investors appear ready to take part in large sums.

The best thing now is to stay calm and continue holding bitcoin without being too affected by the volatility of its value. Bitcoin own for the long term - but of course some of us may sell a few percent of holdings out of necessity or whatever reason.

I feel like mid 2017 is repeating again. That is when price was starting to break $3k after a very long time being stuck below that and a group of bearwhales refused to accept the trend change and kept dumping their coins on the market to crash the price ... and ... they kept failing and losing money

Not only that, fear of buying Bitcoin when the price goes down will also not get you anything, because the only way to make a profit in any case is to have the courage to act and buy when conditions are bearish. So it can be concluded that fear and greed are two things that will not benefit anyone who does them, because basically they don't have the courage to do something when conditions are different and change for the worse.

The continues and exciting increments in the Bitcoin markets values is being impressive by its investors and many Investors are likely to hodl their coins and are even attracted to top up to their Bitcoin trades because they wanted to take advantage over the impressive increases while awaiting (willing) investors has been expectations a falling value in the Bitcoin markets so that they could Invest but since the market values doesn't seems to stable or getting to low in other to impress these willing investors, while the market keep to increase the willing investors are left with no choice than investing as budgeted.
So I can say this season in just couple of few months is attracting more investors and are encouraging its investors to hodl and miners are accumulating the coin.

As a matter of fact due to the structural formula that the more the demand and more it is hodled is the more increments in space of Bitcoin.
So I would if the Investors dances to the tunes as thought then there would be more appreciative increasement of Bitcoin value maybe within $39K but if contrarily, then there would be a depreciation of Bitcoin value but not going below $29K.
All are still predictions that can't be relied on because Sometimes we predicts the  impossibilities but trades on the possibilities.

Maybe more precisely Bitcoin will test the closest support at $36,200 which is the Flip trend area on the 4H Time Frame, if it is able to survive in that area we will still experience an increase.
But some corrections are needed because the price is already overbought and after that, we can see Bitcoin break the $40k price later.


Some investors will definitely sell their holdings because they have made profits when buying Bitcoin in the 42k price area or below.
Most of the sellers do swing trading and Black Friday is their first stop to take profits.

At least if the top is the all time high, so if you buy on that price, you really have to wait for a long time to make some profits. But if you buy at some point in time and then we went on a bull run and all time high, and during that time you think that it is already expensive but you still bought because you look for long term, then why not? you can still squeeze some profits.


It starts on October, from $28k-$32k, now this November we have reach like $39k and now back to test the support line of $37k.


Yeah, but the next coming month or at least the end of the year will be very interesting, yeah it's holiday season and there could be some selling their stash to have some cash. But I'm seeing that the price will continue to grow, so it's going to be a dilemma if we are going to sell or just continue to hold and still enjoy the holiday seasons.

if Bitcoin reach 43k this year, sorry to all but I will take out all my Bitcoins for a while and wait when dumping comes that I surely will happen because of too much pressure about the next halving when Bear market expected to happen before the final blow and bull happens.
now we have staying at 35k and hope this is the beginning.
if you are talking about the play then we must expect another dump before Bull run and trust me this is not as good as we expect because we are nearing Halving and sure skyrocketing will come.