Topic: Can it be real bull or just a temptation. - page 2. (Read 703 times)

You said Bitcoin will move sideways in few weeks yet you are of the opinion it will reach $40k before the end of the year, do you still remember we have roughly eight weeks for the year to end? I'm trying to make sense of the information you provided.
Even though many people still think that the bullish moves might just be a trap, think about it this way:

Bitcoin halving is happening in less than six months;
Bitcoin ETF might get approved in January 2024, which is less than three months from today.

With these information,  do you think people will not be motivated to buy and not sell? Well, you should know better.

I would say it would be nice to keep accumulating until the new ATH is coming around. After that, it may not be so smart, or you can still keep doing it if you prefer but it is really not all that as a "must" thing. I will keep on buying bitcoin until it reaches 70k, I do not care what the price is, I bought when it was 40k, I bought when it was 20k and I am buying now and I will keep on buying when it is 60k as well. After 70k? I will see what I want to do, I am not entirely sure about that part, I feel like I would buy some more, but maybe I will stop.

At that point you reach to a level of unknown because I know that we are going to be over 70k but I am not sure how over, would it be 80k, would be 100k, would it be 150?200? No idea, and truth be told I also do not believe anyone when they say they know where it will go either, they are lying if they are saying they "know" where it is going to go. This is why we should not be really expecting much from them.

This isn't temptation, it has already gone up enough to call it a bull run to be fair. I get that not everyone believes the same thing and you may look at it differently but that doesn't change the fact that we are going to end up with a different result, this is going to be just what it is.

I think it would be something quite difficult to change it one way or another, and to do that we need to end up with a result that should be a little different as well. Bull run is what we have seen already, and in order to call it not a bull run, we are too late. We could say that bull run could end? That is always a possibility, no bull run continues forever and eventually followed by a drop, that could happen of course but that doesn't make this a non-bull run.

I don't believe there is a significant decline after the increase that occurred last week and currently it is proven that the price of Bitcoin tends to be stable without any significant movement after the increase, the price of Bitcoin continues to be around $35K.

To continue buying at $35K is not bad because it is very likely that we will be closer to an even bigger bull run than what has already occurred.
I say this in spite of the many speculations of many people with various assumptions which in my opinion are quite logical, indeed no one can predict it with certainty but we also cannot sit idly by without doing anything, therefore we must take action to be able to enjoy it with pleasure. what will happen in the future or vice versa.

It's a good idea to keep buying before it's too late, because buying in the bull season will be quite difficult for anyone, especially since every purchase must always use much larger capital for a certain amount. Meanwhile, currently it is still quite affordable for everyone to buy Bitcoin even though the price has reached $35K, which in general is slightly more expensive than the price of Bitcoin in the previous months of this year. I am still optimistic that the increase will continue to occur in Bitcoin even though some people are still reminded of the sudden price drop that could occur again.

That correction is bound to happen no matter what the current state of the market is.
The high greed index will turn into fear when the correction starts.

Looking at the chart in the 1H time frame the correction occurred when it almost touched the price of $36k,
but after that, it was able to be reversed and fell to the bottom of the $35k support.

We will still see whether the $35k support defense is still strong or not.
It is in a flip trend area that the market trend may change and once again try to break the nearest support.


and the market will not continue to rise, correction is needed to strengthen the foundation to reach the highest price again. 

The greed index is increasing and is quite high while we are still in bear season, is this a good signal for the market or will it be a pre-set trap waiting for those who are too Fomo? I know everyone is happy and excited that bitcoin has surpassed the $35K level against many people's doubts. But is it time to tone down our excitement when the greed index is quite high? This is just my speculation but I'm starting to think a correction could happen at this point because people are crazy thinking the market will continue to rise.

The Halving during the pandemic has a different moment of course from the Halving that will happen later.
During the pandemic many people were WFH and many put their money into investments such as Bitcoin and this pushed the price of Bitcoin even higher with many new investors coming in.

But for this time, we will once again go through the Halving but people are also very enthusiastic because they already know what Bitcoin investment will bring when Halving.
We will see a new trend that will occur when next year's Halving occurs.

The current price is still discounted and still half the price of the last ATH.
Entering at the current price may still be good enough with the assumption that the investment will be used as a long-term investment.

$100k++ is indeed the target of almost all investors today and I am also targeting that price and even more.
It will be a new era of Bitcoin with ATH that will make Bitcoin history.

Look at how the market is currently doing on Fear & Greed, Greed is very strong and this indicates that many investors are coming in and getting ready for the market surge when the Halving happens.

https://alternative.me/crypto/fear-and-greed-index/

If someone knew the correct answer to this question then they would definitely be able to make their maximum investment and get profit in this bullish market. There is no guarantee in the trading market where a person can invest without any tension. A bull run is definitely expected in recent times. But this bull run can stop anytime especially if the ETF is not approved. At that time we may again see a temporary bearish sentiment. But I am sure that if this bull run is not real we will see a bull run soon. And we have to wait till the first week of January to understand whether this bull run is real or fake. If the market is bullish at that time I can be almost certain that this is a real bull run. We are not going through any artificial bull run.

Yeah and I think the only reason is that investors are slowly building up their portfolio as they prepared for the next block halving. Similar to what we have seen in the last pre-halving years. Even if we are in the pandemic during the halving, still though investors continue to accumulate regardless of what is going on that time around the world.

And with that, the same cycle continues, we still have 5 - 6 months before the halving so that's a lot of time for us to accumulate still.

Price is still at a discount as it is at $35k, because their is a prediction that the price could go as high as $100k++ so there are still profits going to be made by buying at today's market value.

The price of Bitcoin seems to be increasing as the halving gets closer and this is an indication that people are accumulating rather than missing out on the chance. As the price started to pick up high, the more we speculated that the market would go bullish next year. It can be possible as per see but I could agree that it was too early to think about and might be possible for some price corrections before it happens.
The current surge will tell us that the Bitcoin price will always recover so there is no reason to become hopeless when crisis comes.

You cant really be able to blame out people on having those kind of impressions about bull trap or fake out or would really be that totally a market switch or pump.There's no way on determining those things or making some conclusion that this might be a fake out or break out which it would really be that normal that there would be those people who would really be that skeptical on the time that they would really be seeing such movement like this on which you would really be having those doubts that this might be a trap.Yes, it could be possible but we know that it could be also that this is truly a real pump in the market due to demand and recognition or just because of those positive sentiments around.

Therefore, selling out or holding your position would really be that depending into your own discretion because not all would really be that having that risks taking consideration
on which there are some might be playing safe and there are ones who do really love on diving on something risky on which it would really be varying.
We've seen different market conditions if you've been here on this market for a while where ups and downs is never been predictable in the first place and this is why you would really be doubtful
if the price do really move out that fast on a certain period of  time.

At the moment,  Bitcoin has established some form of stability in the market and how we react to them at some point,  although there have been several attempts to make room for so upward price movement and at that point, the bear market always put up a strong resistance which has limited Bitcoin to around $24k price with all the several attempts made to keep bitcoin price at above 35k price for a long time.

Anyway,  the current price is still far better than what it was in the last couple of weeks or months ago.

As you say, even if there is no real bull, we know we are approaching bull season. That's why we need to make our moves accordingly. The price can always fall in the market and this is a very normal situation. I think it can recover very quickly when the price drops.

While the bull season is so close, I think our primary goal is to buy Bitcoin. The time is approaching.

Isn't this really meant for speculation? whether it's wild speculation or using sources? Because in reality, whatever factors drive Bitcoin prices, they are always not far from the Halving cycle. While what is different here is that in the coming years, mass adoption will increase higher than before creating a stronger push for prices.

It turns out you are also speculating without any sources. 

So, no need to worry about anyone and with any speculation you definitely have your own way of measuring the possibility of an increase or decrease. For now Bitcoin is very stable at 34K, always be realistic and ready when the price goes down or up and you have a predetermined position.

Even if it's not the "real" bull, I still believe it's a bullish momentum. Just take a look at what we've got left of this calendar year and into the halving year and you'll realize how close we're already to that moment. The bull spirit is blowing everywhere now. Anyone still dillydallying on buying to hodl will soon be in regrets. I don't see Bitcoin hitting anything below $20k this year any more. We can have price correction and retracement, no doubt, but I don't see that causing any scare. One can safely say we are in a bull run.

It is not a temptation or a trap but I consider it as an indication that we are heading to a bullish market. Of course, I don't think about  ATH as it was not the right to think about it. However, whatever the reason for the current pump, I know we are all happy to see it, especially those who have held it for many years. Maybe we could say it was a little bit surprising as the price of Bitcoin has been staying at $26k-$29k for several months but yes, we can't predict the market and this is what we have now.

Bitcoin price interchanges and that's while we do say that bitcoin is unpredictable from my perspective, because due to the nature of things I'm seeing right now I'm confused to say we are into bull neither bearish because bitcoin price is clamping day by day in which we don't know if we are into bullrun or not.

It's hard before you can see someone an investor in bitcoin to come inclusions that bitcoin right now is into bullrun, because their is every possibility that the price of bitcoin we see now can fall at any point in time, and secondly I believe that price of bitcoin can equally  fall and also rise.

The market is not predictable and it can not change today, sometimes some people has because of bitcoin price is increasing and because of that they purchased a larger amount of bitcoin and after some weeks the price of bitcoin get decreased and till today they have never recovered they money lose...using when the price of bitcoin is at six nine thousand [69k] last two years and many people purchased bitcoin thinking that the price will continue increasing...some of them that invested because of that ends up sold their bitcoin on panic because decrease occurrence in bitcoin.

The situation is not really that complicated, it has gone up and that's a good thing, but we still have a long way to go to halving, which means that the bull run can't start right now and go to 100k non-stop, there needs to be some breaks for us to reach that level and I understand that it may not look all that amazing at this current moment but that doesn't mean that we are not going to end up with some good increases neither. We will have both good increases and also some stalling period as well, both will be right and it should not be all that weird to accept this as the reality. I personally believe that the best we could do right now is to let it be and do not focus on it.

I would say that waiting is the most important part and as long as we can do that then we should be happy because waiting requires nothing. I mean if we could end up waiting for it to happen like that then we shouldn't be worried about it and we could be quite happy about it as well. I know that it is not going to take some time to make it work but we could definitely see it grow bigger and better.

It is not going to be easy and I know that we are going to end up with a result that should be easier to handle, but as long as we can wait, the price should be going to that 100k prices, and yes maybe it won't happen quickly but if we know that it is going to happen then we know that it is going to happen, so it is not like a secret to us and the only thing that is unknown is the fact that we do not know if it will happen right away or if it will take some time for it to happen. That should be the easiest hold of our life in the end.