Topic: Crypto Market on the Rise, But Proceed with Caution! - page 4. (Read 1237 times)

Those who buy these signals are generally lazy and run behind profits which eventually they don't get because signals in crypto are never accurate.

Those who buy these signals are generally lazy and run behind profits which eventually they don't get because signals in crypto are never accurate.

Well said mate. I personally think it's the time to monitor the market closely and wait for opportunities to buy/sell the coins.
Looking at the charts I think we will see a correction in the next few days followed by a good spike in the prices.
If that happens then I guess it will be a good time to place our buy orders when the market recovers from the correction.

How did you know if the bottom is not reached yet?
Yes, bitcoin is too volatile it's not the same as other assets like gold and it's not easy to predict the price movement keeps changing but no one could predict if this year is still on a bear market or bull market.

But for me, since it is cheap compared to the price last year it is better to buy and hold because we don't know maybe $16k is the bottom and now it's starting to rising.

It's true that despite the negative reputation that crypto assets have, they have been performing well in the beginning of 2023. Bitcoin, as an indicator of the overall crypto market, has risen 27% since the start of the year, while the S&P 500 has only risen 2.6% and gold has risen 5.4%. However, it's important to remember that the crypto market is still in a bear market and the bottom has not been reached yet. The editor of Daily, Teeka Tiwari, is a long-term bull on crypto but he advises caution and patience in the current market. He believes that there are several negative factors that need to be worked through before the long-term rally can restart.
It's important to be aware of these negative stories and to not let the bear market trap you.
It's also worth noting that the crypto market is still relatively small, so it's not necessary to make large investments to see significant returns as the market improves. It's recommended to be cautious and to focus on incredible buying opportunities when they arise. Despite the current market conditions, the future of crypto remains promising, with institutions like Fidelity launching new bitcoin products and more favorable regulations in countries like Brazil. Over the long-term, the outlook for crypto is positive.
More info at cryptocartel.co

How did you know if the bottom is not reached yet?
Yes, bitcoin is too volatile it's not the same as other assets like gold and it's not easy to predict the price movement keeps changing but no one could predict if this year is still on a bear market or bull market.

But for me, since it is cheap compared to the price last year it is better to buy and hold because we don't know maybe $16k is the bottom and now it's starting to rising.

It's true that despite the negative reputation that crypto assets have, they have been performing well in the beginning of 2023. Bitcoin, as an indicator of the overall crypto market, has risen 27% since the start of the year, while the S&P 500 has only risen 2.6% and gold has risen 5.4%. However, it's important to remember that the crypto market is still in a bear market and the bottom has not been reached yet. The editor of Daily, Teeka Tiwari, is a long-term bull on crypto but he advises caution and patience in the current market. He believes that there are several negative factors that need to be worked through before the long-term rally can restart.
It's important to be aware of these negative stories and to not let the bear market trap you.
It's also worth noting that the crypto market is still relatively small, so it's not necessary to make large investments to see significant returns as the market improves. It's recommended to be cautious and to focus on incredible buying opportunities when they arise. Despite the current market conditions, the future of crypto remains promising, with institutions like Fidelity launching new bitcoin products and more favorable regulations in countries like Brazil. Over the long-term, the outlook for crypto is positive.
More info at cryptocartel.co

But if they decide to sell all of their bitcoins, seeing the impending price drop as a correction, that would not be a good idea because the bitcoin price will inevitably bounce back even higher. They should be able to think about their future because they already see the benefits of now. But we'll see what they do when the price undergoes another correction.