Topic: Crypto Market on the Rise, But Proceed with Caution! - page 5. (Read 1334 times)
Still a bear for Bitcoin, as a log run. Although Bitcoin is positive in the short term. Since there hasn't been a significant decline this year, Bitcoin's growth has essentially been organic. Because Bitcoin keeps growing without ever declining, we should proceed cautiously. Although I initially believed it to be a trap, it appears I was mistaken and it is growing. Given that it is impossible to forecast when the price of bitcoin will hit its lowest point, we cannot declare that it has not. Proceed with caution, especially while dealing with altcoin. Altcoins will suffer if Bitcoin crashes even slightly.
Crypto markets should always be treated with caution, no matter whether it’s rising or declining. Currently market has increased a lot, but that doesn’t mean that the market will keep the pace and increase for the remaining time. There might be some ups and downs and it can happen anytime. So our priority is to understand the risk and act accordingly. Trade in limit and only trade the amount that you can afford to lose. At last manage and calculate the risk and invest wisely.
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.
Did he mention about the list of negative factors that we need to consider as of now if we plan to start investing in bitcoin market? I have seen that there would be always some good and bad things are happening around this crypto space but bitcoin market will never react to them for long period of time. When a news arrives, bitcoin market usually reacts based on the impact of those news but the underlining trend will get back to action within 3 or 4 days of time itself.So, it would be always better to follow the four year cycle of bitcoin market to understand the right on-going trend of bitcoin market. As of now, we are into bullish trend after a long bear market hence any negative news will not able to stop the bitcoin bulls.
I invest in Bitcoin without a doubt but of course, I make decisions carefully like when to buy and when to sell.
Despite the market situation, I'd never make myself bothered too much whether we reach another bottom or not, my trust remain,s and still optimistic about the future of this project. As I learn how the market works, I understand that not all the time we are in bearish moments, sometime the price will run high which means that we still have a bigger chance to earn a profit.
If someone wants to invest and planning for a long term it's not a problem to just buy more since the price is still cheaper than when it's on its ATH someday. Whoever sell this time might be needing that money or just making a profit from what it's invested but we should always proceed with caution since we still don't know if the bottom was already done or it's still coming.Despite the market situation, I'd never make myself bothered too much whether we reach another bottom or not, my trust remain,s and still optimistic about the future of this project. As I learn how the market works, I understand that not all the time we are in bearish moments, sometime the price will run high which means that we still have a bigger chance to earn a profit.
Quote
This might be a bull trap since it's kind of similar in the past where it made some growth yet after a week or two it's just back to the bottom or might as well making a new bottom.
I also think it was a trap but after a few days of keeping on the uptrend, I think it was not a trap anymore but its say the market is started to recover from the dip. 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.
It will be an interesting event to observe. I am talking about the new investor who thinks BTC as an investment product, not more than that. So when the price will go down a bit, they are most likely to sell to book their profits. And when the market begins to go green again, they will buy. However, I don't believe that the crypto space has made a negative reputation because the number of investors is increasing each day and there are also adoptions happening. The price will always be volatile and unpredictable but that doesn't make its reputation bad because we are making a profit through it. There are just things that affect its value these past few months.
Increasing investors is never a bad thing but while we talk about the newbie investors, they are just here to make money. They won't zoom out to see the bigger picture. They will sell as soon as they think they have made their desired profits. For that reason, I think it is wise to wait for the market's correction.
I just know that bitcoin had hit the lowest price of the year at $15k and after that, it bounced up again and eventually, the price of bitcoin reached the price we are seeing now. But to say that it's not the lowest price, I can't say for sure because it could go back to $15k and then drop even further.
But now the market conditions are better than a few months before so many of us can benefit. Their bitcoin investment is starting to show positive results. They can start selling it now or keep holding it until the next ATH is reached.
^So you mean there is another button price this yearBut now the market conditions are better than a few months before so many of us can benefit. Their bitcoin investment is starting to show positive results. They can start selling it now or keep holding it until the next ATH is reached.
Though it is unpredictable of the BTC price I did not see a reason BTC will again have a correction in that range, it could be there is a correction but it will not exceed $20k. I believed that this is the start of the bull market showing it is a healthy market, everyone was excited to see the new ATH who knows it could be this year even if the next halving did not happen yet. So if you have another way to spend without using BTC, I will do, because every sats now are very important.
There is no certainty that bitcoin will make a new bottom this year, but there is also no guarantee that bitcoin will recover and never drop below $20k again, it's all uncertain. You don't see any reason for bitcoin to drop, but I also see no reason to say bitcoin will rise this year what is happening is not enough to say we are over the bear season and entering the bull season. Bitcoin is unpredictable, so there's nothing wrong with it if you're careful and have a backup plan, don't be too subjective.
I've had good PNL so far after doing some accumulation. Obviously taking advantage of the previous bear market has made me profitable today, but what's next - it's going to be something I'll hold them with for the long term (maybe next 2-3 years).
You, I and anyone else still have the opportunity to accumulate assets during 2023. Of course the market is increasing but the market still gives anyone the opportunity to buy a lot. Bitcoin is still at -66% from its previous ATH, and people should be able to take advantage of the current market situation to buy more. I may have had luck getting it at lower price, but that doesn't mean the price won't return to its previous low.
for investors who just entered last year, of course, you already have a high PNL this year, it's evident that you yourself are using this opportunity for accumulation, You, I and anyone else still have the opportunity to accumulate assets during 2023. Of course the market is increasing but the market still gives anyone the opportunity to buy a lot. Bitcoin is still at -66% from its previous ATH, and people should be able to take advantage of the current market situation to buy more. I may have had luck getting it at lower price, but that doesn't mean the price won't return to its previous low.
but things could change again when you make a mistake, don't be fooled again because the market is actually still not good, WW3 is also in sight so be careful the market will fall again.
don't be in a hurry to do an analysis that the bear market is over, don't let yourself fall into the bullish trap.
Now the price is playing around 23-24k which is really that hard to tell whether we would be breaking 25k resistance or not.Always move out with caution because we dont
know on what comes next and we dont know on what this market could bring out.
I've had good PNL so far after doing some accumulation. Obviously taking advantage of the previous bear market has made me profitable today, but what's next - it's going to be something I'll hold them with for the long term (maybe next 2-3 years).
You, I and anyone else still have the opportunity to accumulate assets during 2023. Of course the market is increasing but the market still gives anyone the opportunity to buy a lot. Bitcoin is still at -66% from its previous ATH, and people should be able to take advantage of the current market situation to buy more. I may have had luck getting it at lower price, but that doesn't mean the price won't return to its previous low.
for investors who just entered last year, of course, you already have a high PNL this year, it's evident that you yourself are using this opportunity for accumulation, You, I and anyone else still have the opportunity to accumulate assets during 2023. Of course the market is increasing but the market still gives anyone the opportunity to buy a lot. Bitcoin is still at -66% from its previous ATH, and people should be able to take advantage of the current market situation to buy more. I may have had luck getting it at lower price, but that doesn't mean the price won't return to its previous low.
but things could change again when you make a mistake, don't be fooled again because the market is actually still not good, WW3 is also in sight so be careful the market will fall again.
don't be in a hurry to do an analysis that the bear market is over, don't let yourself fall into the bullish trap.
Bitcoin trading volume and market capitalization have increased during January 2023, seems good start to expect more increases in the following months. It feels like we are getting closer to $25K although attempts to $24K are still failing. I hope $24K is successfully reached before January ends, this will allow for bullish confirmation.
The current market capitalization has reached US$449,813,816,669, and will continue to increase as the unit price increases. But regarding the consequences and risks, every trader and investor needs to adjust their investment strategy because prices can fall at any time, even without clear reason. Yes, that means DCA needs to be considered.
The current market capitalization has reached US$449,813,816,669, and will continue to increase as the unit price increases. But regarding the consequences and risks, every trader and investor needs to adjust their investment strategy because prices can fall at any time, even without clear reason. Yes, that means DCA needs to be considered.
I just know that bitcoin had hit the lowest price of the year at $15k and after that, it bounced up again and eventually, the price of bitcoin reached the price we are seeing now. But to say that it's not the lowest price, I can't say for sure because it could go back to $15k and then drop even further.
But now the market conditions are better than a few months before so many of us can benefit. Their bitcoin investment is starting to show positive results. They can start selling it now or keep holding it until the next ATH is reached.
But now the market conditions are better than a few months before so many of us can benefit. Their bitcoin investment is starting to show positive results. They can start selling it now or keep holding it until the next ATH is reached.
Many new investors have bought BTC in the recent bear market around 15k - 17k. If you calculate that to the current market, then they are in the green side. As new investors, they will most likely sell all of their holdings if they see a sudden drop in price. They are not here to trade or HODL and whenever they think that their profits are going down, they will most likely sell all of their assets.
They don't care about the future. They are here to make quick money.
So I still think there's a chance of BTC falling down again.
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.
I just know that bitcoin had hit the lowest price of the year at $15k and after that, it bounced up again and eventually, the price of bitcoin reached the price we are seeing now. But to say that it's not the lowest price, I can't say for sure because it could go back to $15k and then drop even further.
But now the market conditions are better than a few months before so many of us can benefit. Their bitcoin investment is starting to show positive results. They can start selling it now or keep holding it until the next ATH is reached.
^So you mean there is another button price this yearBut now the market conditions are better than a few months before so many of us can benefit. Their bitcoin investment is starting to show positive results. They can start selling it now or keep holding it until the next ATH is reached.
Though it is unpredictable of the BTC price I did not see a reason BTC will again have a correction in that range, it could be there is a correction but it will not exceed $20k. I believed that this is the start of the bull market showing it is a healthy market, everyone was excited to see the new ATH who knows it could be this year even if the next halving did not happen yet. So if you have another way to spend without using BTC, I will do, because every sats now are very important.
I just know that bitcoin had hit the lowest price of the year at $15k and after that, it bounced up again and eventually, the price of bitcoin reached the price we are seeing now. But to say that it's not the lowest price, I can't say for sure because it could go back to $15k and then drop even further.
But now the market conditions are better than a few months before so many of us can benefit. Their bitcoin investment is starting to show positive results. They can start selling it now or keep holding it until the next ATH is reached.
^So you mean there is another button price this yearBut now the market conditions are better than a few months before so many of us can benefit. Their bitcoin investment is starting to show positive results. They can start selling it now or keep holding it until the next ATH is reached.
Though it is unpredictable of the BTC price I did not see a reason BTC will again have a correction in that range, it could be there is a correction but it will not exceed $20k. I believed that this is the start of the bull market showing it is a healthy market, everyone was excited to see the new ATH who knows it could be this year even if the next halving did not happen yet. So if you have another way to spend without using BTC, I will do, because every sats now are very important.
If we always exercise caution even if the opportunity already presented itself, we will never really get to something and we'll only regret not doing grabbing these opportunities in the future. You'll never know if we've already hit the bottom or it's just that the price is low. That's why DCA is a great buying technique to use when you want to be in the game long term. If you only buy when the price is rising, you'll really have a hard time convincing yourself and analyzing whether the buy is good or not. But if you halt into buying no matter the price, you'll never have the coins and you'll never reap the rewards when it starts to rain.
Since the market is always unpredictable, it could be pumping today and then dumping tomorrow, so the best way to do is to keep on DCAing so we can always increase the volume of our portfolio despite of the market uncertainty. And as always, regardless of how the market behaves, we should always invest with caution knowing investing in the crypto market itself has always its own calculated risk. 
I've had good PNL so far after doing some accumulation. Obviously taking advantage of the previous bear market has made me profitable today, but what's next - it's going to be something I'll hold them with for the long term (maybe next 2-3 years).
You, I and anyone else still have the opportunity to accumulate assets during 2023. Of course the market is increasing but the market still gives anyone the opportunity to buy a lot. Bitcoin is still at -66% from its previous ATH, and people should be able to take advantage of the current market situation to buy more. I may have had luck getting it at lower price, but that doesn't mean the price won't return to its previous low.
You, I and anyone else still have the opportunity to accumulate assets during 2023. Of course the market is increasing but the market still gives anyone the opportunity to buy a lot. Bitcoin is still at -66% from its previous ATH, and people should be able to take advantage of the current market situation to buy more. I may have had luck getting it at lower price, but that doesn't mean the price won't return to its previous low.
I just know that bitcoin had hit the lowest price of the year at $15k and after that, it bounced up again and eventually, the price of bitcoin reached the price we are seeing now. But to say that it's not the lowest price, I can't say for sure because it could go back to $15k and then drop even further.
But now the market conditions are better than a few months before so many of us can benefit. Their bitcoin investment is starting to show positive results. They can start selling it now or keep holding it until the next ATH is reached.
But now the market conditions are better than a few months before so many of us can benefit. Their bitcoin investment is starting to show positive results. They can start selling it now or keep holding it until the next ATH is reached.
Many new investors have bought BTC in the recent bear market around 15k - 17k. If you calculate that to the current market, then they are on the green side. As new investors, they will most likely sell all of their holdings if they see a sudden price drop. They are not here to trade or HODL and whenever they think that their profits are going down, they will most likely sell all of their assets.
They don't care about the future. They are here to make quick money.
So I still think there's a chance of BTC falling again.
Anything could happen at any time because that's one of Bitcoin's characteristics. It could either drop down or continuously rise higher. I don't see anything wrong if investors would sell their assets at a profitable price as long as they have both at 15k because profit is still profit. Some investors are just buying to make a profit from every pump and not to hold it in the long run or neither trade it and play with the price.
However, I don't believe that the crypto space has made a negative reputation because the number of investors is increasing each day and there are also adoptions happening. The price will always be volatile and unpredictable but that doesn't make its reputation bad because we are making a profit through it. There are just things that affect its value these past few months.
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.
When we are confident about positive in long run, I believe we can focus on all dips and not only on incredible opportunities. I mean if you are too technical then you might get misled by lagging indicators when filtering out right buying opportunities. Just believing into the fundamentals of bitcoin ecosystem will help and especially at the end of bear markets. Just buy at every dips for small amounts and hold for years to decades and then everything will be fine.There are some sign around the crypto market that showed, many investors will have something good to achieve soon from their investments if they can still hold for the stable pump to take over the market,
In my opinion as well, only those bitcoiners who choose to hold might get chances to see more profits than the ones who tries to catch all reversal points. Holding got little to no stress still greedy people go for active trading and achieving nothing bigger than holders in the end. I just know that bitcoin had hit the lowest price of the year at $15k and after that, it bounced up again and eventually, the price of bitcoin reached the price we are seeing now. But to say that it's not the lowest price, I can't say for sure because it could go back to $15k and then drop even further.
But now the market conditions are better than a few months before so many of us can benefit. Their bitcoin investment is starting to show positive results. They can start selling it now or keep holding it until the next ATH is reached.
But now the market conditions are better than a few months before so many of us can benefit. Their bitcoin investment is starting to show positive results. They can start selling it now or keep holding it until the next ATH is reached.
Many new investors have bought BTC in the recent bear market around 15k - 17k. If you calculate that to the current market, then they are in the green side. As new investors, they will most likely sell all of their holdings if they see a sudden drop in price. They are not here to trade or HODL and whenever they think that their profits are going down, they will most likely sell all of their assets.
They don't care about the future. They are here to make quick money.
So I still think there's a chance of BTC falling down again.
I just know that bitcoin had hit the lowest price of the year at $15k and after that, it bounced up again and eventually, the price of bitcoin reached the price we are seeing now. But to say that it's not the lowest price, I can't say for sure because it could go back to $15k and then drop even further.
But now the market conditions are better than a few months before so many of us can benefit. Their bitcoin investment is starting to show positive results. They can start selling it now or keep holding it until the next ATH is reached.
But now the market conditions are better than a few months before so many of us can benefit. Their bitcoin investment is starting to show positive results. They can start selling it now or keep holding it until the next ATH is reached.
I think, the opportunity to make a good profits is still available in the market, because the bearish is still on in the market which is an opportunity for those investors that missed the opportunity to use this period to buy and wait for bullish season to come. There are some sign around the crypto market that showed, many investors will have something good to achieve soon from their investments if they can still hold for the stable pump to take over the market,so that many people will use the opportunity to smile in the market.
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%.
It's true that recently some biggest upset have been given wrong impression to people about crypto. Most worst was Luna and Ftx Which sunk people's money but I think after these Unfortunate incident new stage has been started and now trusted exchange Wii be used for trading. Some positive News are also come to hear that in white house advisor are working on law which control the crypto scam. BTC should break major resistance of 30k and then I think it will be start of bull season.Quote
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,
Yes Fear in the market is not over yet and bug trader still waiting for Btc to break major supports. Many coins are pumping while BTC trading below 24k. There is chances for Btc to down again below 20k because seller pressure is high and it's not let BTC to break 24k but it's still non predictable which side Bitcoin will go. I think in these conditions it's better to wait for Market and also keep an eye on News. If there is any positive News then it's better to buy some BTC and should not be miss opportunity. 
No one could tell on where is the bottom
No one could tell on where is the peak price at this moment
You are right, no one can catch neither the top nor the bottom.No one could tell on where is the peak price at this moment
Because when the price of bitcoin is falling, you get to hear more lower targets from all sides. As it happened this time too, the price of bitcoin dropped to $15500 but still, people were not considering it as the bottom and were hoping for $10k and $9k, and most people missed it.
Similarly, when the bitcoin rallying, people only look at the higher targets, as we witnessed in last bull trend bitcoin hits $70k but we were optimistic for $100k. (Although in next bull market 100k is minimal target but still we missed the top)
So, don't try to catch the top and bottom. Buy when everyone is in extreme fear and sell when everyone is in fomo.
Jump to: