Topic: 2023 end game sentiment check - page 2. (Read 810 times)

LOL traps that make profits, but don't try to buy when the price is already high and at the top of the resistance.
$40k seems to be the number that Bitcoin will reach if the trend continues to improve and the nearest resistance is always passed.

November has been a fairly bullish month and this is still the second week, if Bitcoin still stays in this position we will see another price increase.

But also need to be aware of price corrections and some downturns due to FUD that can appear at any time.
In December we will also have BlackFriday which will be a month of discounts.
It will be a good month to buy back and continue to accumulate Bitcoin holdings.

Have you checked the market, bitcoin price has increased to $37.5k, those who still call this a trap should consider whether their plan is correct? I think bitcoin will continue to conquer new levels in the coming days and we have the right to expect $40k this month. Bitcoin has increased more than 35% in the past 30 days and shows no signs of stopping. We should enjoy this moment instead of saying it's a trap and waiting for something that will never happen.

If you dont buy now you are fearful.

Simply do a weekly dca for the next few years.

I did a dca from nov 2022 until nov 2023.

spoke about it frequent enough.

Buying a huge amount right now is risky but a dca is fine.

being a timid person on the sidelines does not work.

There are always two things in the market. They are fear and greed. When the price falls or is at the bottom for a long time, people are afraid to buy. When the price goes up, people get greedy. As we know, greed has never led to good profits. So even if you buy now, there is a risk that the price will fall again.

A trap resulting from a wrong prediction.
Even though we all know about how crypto predictions work which certainly will not be 100% accurate, whoever makes the prediction will not be completely correct.

Looking back at how people like that are too subjective, of course, such a mindset must be changed so that they realize that what they think is a trap is a mistake or inaccuracy in the predictions made.

Need to learn more about the science of trading.
But not only technical analysis and fundamentals, but learning to manage psychology will help in responding to any price changes that occur and not panicking too much with predictions that are not suitable.

It's not that they don't understand the market well, it's that they are too subjective with their judgments and predictions about the market. So when things go against what they predicted and they miss the opportunity to make a profit, they call it a trap. A lot of people missed the recent mini uptrend because they thought bitcoin would drop to $20k before rising to $35k.
Not just bitcoin, many altcoins also had x2 or 50-70% gains and brought significant short-term profits. Since we are in bear season, making such a profit is not bad at all.

The time to accumulate coins for a good price is coming to an end, and people need to finally commit to a decision, they either buy now and enjoy the profits such a decision will bring them or they stay away from the market until the bull run ends, as buying during the bull run is a move that is too risky, since we will never know when the bull market will end and at what level, so by taking a position early and holding our coins we are basically guaranteeing we will obtain some nice profits once the bull market comes.

A bull trap happens if it goes from $28k to $35k and drops to $27k, that would be a perfect trap.
But when the Bitcoin price is still holding above the $30k price and now even still holding in the $35k price area, this is certainly an advantage for those who buy at the lower price.

Those who say this is a trap don't fully understand how the crypto market works and where to buy and sell.

We will see another spike as the Halving approaches and some corrections are certainly needed and this is normal, the important thing is that we are ready with strategies and to buy back.

32k isn't that important anymore. The main thing is that the trend, which was the whole 2023, does not change and we do not see the bottom again. If this does not happen, it does not matter how strong the corrections will be. We can calmly wait for halving and buy more coins if possible.

This year cannot be called a bull season but even bitcoin cannot surpass $35k, we can say that this has been a bullish year for bitcoin if we compare it to the lowest price of $15k.


Bitcoin went from $28k to $35k and is still above $30k, so it would be ridiculous for someone to say that this is a trap. If it is a trap but most people have profited from it, can it be called a trap? In addition to long-term investing, I also use part of my capital to trade and earn more than 50% profit on my capital, is that called a trap?

It could still be considered as bullish though if we reach around $40,000 at the end of the year. The lowest price that we got is $15,500 last year. So that is a big increased in the price already if we touch based like $35,000-$40,000.


It's really difficult if we look at the start of the November, for the start of the week though, it seems that there are selling already as we fall from mids $34,000 when we thought that the price will continue to go up and breach at least $36,000.

So many things can still happen in the next week or so at least this November, others say that this could a bull trap. And there are speculations that we might go down to $32,000 before we can go up to $40,000. So many scenarios and we really don't know where the price will move at the end of this month or even this 2023.

How are you so sure that there won't be any black swan events as you have claimed? FTX, Terra Luna crash came without any announcement and if there is another event like that going to happen, then you won't be able to react fast enough. This positivity that is happening in the market right now will give investors hope that it won't turn into a black swan event, but at the end investors will realize that their portfolio is almost 40% down.

We are going to see an exciting year ahead of us but that excitement won't come without any drama. If it is that easy to predict the future outcome then how will whales make money? They play with our emotions by giving us hope and making us greedy then crash the market to create fear that provokes us to sell off at a loss.

I agree with you too in terms of the price range expected by the end of this year. Bitcoin have kissed $35k few times already and went back to below $35k, so I believe on few attempts more, it will break that zone and reach for the $43k area where I'm seeing close for the year as we prepare for bigger moves from January 2024.

If there will be bull run next year, this year will shown the signs already as it has been in the past.  This year will not really be much different even though more factors are at play now than in previous years.

The majority of crypto investors can't be expecting a bullish end of the year for bitcoin at this last quarter of the year, they would prefer to see a moderate price of $35k - $40k by the end of the year.
At this end of the year, so many of us would vote for bitcoin to move sideways in price but not to lower back to $20k or not near ATH.
From my observation, I think the price of bitcoin will continue to range from $33k to $40k in pricing towards the end of the year.

Yes sir, it will take another black swan event like the Terra Luna or FTX collapse to bring the market down. However, I think we have pass that stage already, not seeing any black swan events that will dampen the market again just like what happen last year wherein there's string of bad luck in the market. Or shall we say that how the market reacts after a bull run, from all time high of $69k->$15,500 lowest low.

So why not? October still proves that it is will continue one of the best months for Bitcoin and it really did. And from the last lowest low, we are now 100%++, so that is already a big accomplishment for us. But it's not done yet, pre-halving we might be looking at around $41k-$45k price range.

With that, next 2 months will still be as exciting year ender for everyone.

On the time that you had stepped your foot into this market then you should really be that come prepared or else you would really be just that simply freaking out on how prices would really be moving.
If you wouldnt really be that able to make yourself that get prepared then expect you would really be having that kind of reaction on which you would really be starting to doubt if its really that wise for you to have this kind of involvement or dealing with this market. The primary thing that you would really be needing to consider is to accept the risks on this volatile space and trying out to prepare on handling yourself into something which si really that totally unpredictable. In overall in talks about end game then there's no way that we could be able to tell on where prices would be going yet everything would really be that varying on the demand and recognition.

Always make yourself that get prepared for whatever non obvious manipulations on which this market could have. It might not really be that obvious but its not something that would be impossible.
Expect for FUds and Fomo's that could exist or really that would be wandering around into this market. You should really be that having a tough emotion and thinking or mindset
on sticking into your own trading ways and analysis in regarding about into your position. Dont make yourself that easily get affected even if it isnt really that necessary.

Ser, it was what they say as the month of UPtober. But for the month of November, I believe there was a Bitcoin price monthly table that was posted in one of the topics that illustrates that November = MOONvember.



Plus I agree that there's some probability that Bitcoin crashes before it surges after the halving, BUT that would be caused by something very unexpected. A Black Swan, and there's no point in trying to know because actually knowing before it happened would make it not a Black Swan.

Yeah, I can feel that many still believes that it will be accepted. Some already loses their hope but it doesn't mean they also give up on hodling. No, because they know there are still good reasons on why they should continue what they have started. If fake news about ETF is possible then why not the FUD's about it? I think it's also possible but only weak people are going to be affected by it. Sorry to say this but manipulations will never disappear. But what makes it different from the normal market? I mean we can still see a retracement and then a huge pump, though maybe the intensity can be higher but I think that was a good thing.

Monitoring things that might happen in the market due to several factors is also part of preparation to face any conditions that will occur in the market and in life. Because apart from having to use time to make monitoring which is considered important, I think everyone also needs to prepare reserve money to prepare to buy when there is a momentary decline in prices in the market. Because that would be much better than just watching like someone watching without making any preparations for action.

I like your bullish prediction. 40 thousand even if the ETF is not approved? I doubt that we'll do that good this year.

The way I see this market we're going to bounce around between 30 and 35 and if the ETF is approved we'll push higher. Even if it doesn't we could start a new rally in January bit I just don't see us making 40 before the end of the year without major news.

It's possible US stock market will crash in the coming months and we'll see how bitcoin reacts. It used to react to these big stock selloffs. In 2020 stocks crashed and bitcoin followed. I hope we can finally break this trend and be independent.