Crypto Market on the Rise, But Proceed with Caution! - page 6.

Mauser

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Quote from: cryptoreviewhunters on January 21, 2023, 11:14:53 AM

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.

Not really sure if this is the case in the crypto market right now. Looking at bitcoin for example we see the price is up 38% in the last month. That is a huge profit for anybody who bought his coins around the 16,000 USD. To me it seems that the bottom for bitcoins is around that level. The price has dropped a few times to that level, but nowhere close to the 10,000 USD level from a few years ago. I still remember Robert Kiyosaki stating publicly on Twitter that he will be buying a lot of Bitcoins at 17,000 USD. Like him there must be many big investors who would be willingly but a lot of coins if prices would ever drop further. The best thing we can do is to not try to find the exact bottom, because if we are wrong we could miss out on the next rally. Better to stay invested and participate on any new upwards trend.

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Quote from: Kelvinid on January 26, 2023, 07:46:42 AM

Quote from: michellee on January 26, 2023, 06:41:07 AM

Quote from: ?? on ??

There are always such thoughts about the cryptocurrency market... but what about the result?... Many people have been working for more than a day, and they see the result of such forecasts.

The result will depend on how hard everyone works. If they try harder than others, they can surely get better results. There is no result if people can't or don't want to try because what we get depends on how we try. Results will not lie to the effort put in by people. If they keep doing it by not giving up, they will get better results.

No matter how you work hard if it still not doing well, you can never expect good results. It was been said that trading is too risky, even if you have a deep knowledge of the market but still we need to be careful and think several times before making a decision otherwise, a mistake is possible.
We can't just think that the rise we have today is a good indication, sometimes it is also a trap for us. That is why we should observe the market trend as well and don't rush to make decisions.

Trading does have risks but it will depend on how we can overcome or minimize the risks and by learning more, we can know how to overcome those risks. By learning that, we can make decisions after knowing its risks because the average person doesn't think too much about those risks. And having more knowledge can help us think about what to do in that situation. We also won't rush into making decisions, especially if we feel that market conditions are not good.

Fesatmas

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Quote from: el kaka22 on January 26, 2023, 09:03:41 AM

A lot of people are worried about the upside, and a lot of people were worried when it was in bear market as well, when are people not worried? Does it have to be 100k before you could be pumped and hyped about this. If you are not happy during bear market then I would understand, but why are you not happy and hyped about the price when we recovering to 23k levels?

We all should be celebrating this situation and we should be considering this as a path that is taking us to profits all over again. I am not saying we will be 100k tomorrow, but the path to 100k starts with first going over 20k, and now going over 30k soon hopefully, that's how we should be approaching it.

Every time we step on a certain situation, we always feel worried. Worry is actually something that must exist, but don't overdo it, that's what makes it bad. For some people, when the bitcoin price hits 20k or even more, it will make them happy because they have managed to combat their worries by buying bitcoin at 20k and below. Now, people who can't control their worries then mutate into regret, yes, they regret not buying bitcoins when they were still in the tens of thousands. That's something we're always going to see in algorithms that are always going to happen.

el kaka22

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A lot of people are worried about the upside, and a lot of people were worried when it was in bear market as well, when are people not worried? Does it have to be 100k before you could be pumped and hyped about this. If you are not happy during bear market then I would understand, but why are you not happy and hyped about the price when we recovering to 23k levels?

We all should be celebrating this situation and we should be considering this as a path that is taking us to profits all over again. I am not saying we will be 100k tomorrow, but the path to 100k starts with first going over 20k, and now going over 30k soon hopefully, that's how we should be approaching it.

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Investing carefully is a must, but what if the fact is we have left the $16K train and may not come back. Bitcoin is above $20K and is holding up quite strongly as investors and institutions respond becoming more aware that investing in Bitcoin is more promising for the future. Moreover, the next ATH can be above $ 70K. It is undeniable that many of us are too trying to take a break when the bear market ends in 2022, whereas after the bull market at the beginning of the year, they try to enter. Shouldn't the opportunities in the bear market be put to good use? why just realized it?

AicecreaME

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Buying bitcoin right now on the recent price ain't that bad for a long term hodl while waiting for the bull run, so you can proceed without doing any caution at all, in my opinion, as long as you'll only invest what you can afford to hodl for the long run. I'm not a fan of gold so all I can is Bitcoin is the best to have, high volatility, high profits that's for sure if you know what you're doing.

Also, don't store your Bitcoins in exchanges just in case you guys wanted to invest in Bitcoin while it's still far from its past all time high price.

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Quote from: michellee on January 26, 2023, 06:41:07 AM

Quote from: ?? on ??

There are always such thoughts about the cryptocurrency market... but what about the result?... Many people have been working for more than a day, and they see the result of such forecasts.

The result will depend on how hard everyone works. If they try harder than others, they can surely get better results. There is no result if people can't or don't want to try because what we get depends on how we try. Results will not lie to the effort put in by people. If they keep doing it by not giving up, they will get better results.

No matter how you work hard if it still not doing well, you can never expect good results. It was been said that trading is too risky, even if you have a deep knowledge of the market but still we need to be careful and think several times before making a decision otherwise, a mistake is possible.
We can't just think that the rise we have today is a good indication, sometimes it is also a trap for us. That is why we should observe the market trend as well and don't rush to make decisions.

michellee

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Quote from: ?? on ??

There are always such thoughts about the cryptocurrency market... but what about the result?... Many people have been working for more than a day, and they see the result of such forecasts.

The result will depend on how hard everyone works. If they try harder than others, they can surely get better results. There is no result if people can't or don't want to try because what we get depends on how we try. Results will not lie to the effort put in by people. If they keep doing it by not giving up, they will get better results.

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Quote from: South Park on January 25, 2023, 04:56:00 PM

Quote from: ShowOff on January 23, 2023, 04:16:01 PM

It's always wise to think that the market can move in any direction. Even though the price is currently in a positive trend, volatility is still unavoidable.
I had been looking at $23K while ago, but a sudden correction brought the price down to $22.7K. So there is always dip risk, but if you want to invest in the long term then it's a good idea to consider DCA.

I had no doubts that the bitcoin price would never drop below $20K again, but we can never really say anything for sure. Consider your risk, invest for the amount you can afford to lose.

This can be a problem for some traders, they are so confident on the analysis they have made they convince themselves their prediction will become true, and when it does not happen instead of simply accepting this they refuse to acknowledge the movements of the market and simply assume the market is moving in an incorrect way, which is insane as there is no way the market can be wrong, we the traders are the ones which make mistakes and we need to correct them when we make them

A technical analysis or prediction made will not be 100% accurate, there will be some errors due to volatile market trends. Many factors affect the price of the crypto market which is unstable such as some manipulations carried out by whales, as well as some FUD that suddenly appear.
Some traders who do the wrong analysis must have a backup plan to be able to overcome it, if traders only have one plan, they cannot change plans, then the trade will fail and some will also panic.

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Quote from: ShowOff on January 23, 2023, 04:16:01 PM

It's always wise to think that the market can move in any direction. Even though the price is currently in a positive trend, volatility is still unavoidable.
I had been looking at $23K while ago, but a sudden correction brought the price down to $22.7K. So there is always dip risk, but if you want to invest in the long term then it's a good idea to consider DCA.

I had no doubts that the bitcoin price would never drop below $20K again, but we can never really say anything for sure. Consider your risk, invest for the amount you can afford to lose.

This can be a problem for some traders, they are so confident on the analysis they have made they convince themselves their prediction will become true, and when it does not happen instead of simply accepting this they refuse to acknowledge the movements of the market and simply assume the market is moving in an incorrect way, which is insane as there is no way the market can be wrong, we the traders are the ones which make mistakes and we need to correct them when we make them

dunfida

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No one could tell on where is the bottom
No one could tell on where is the peak price at this moment

This is why these things do really make even more harder for us to guess.When you are a crypto investor or trader then it would really be that significant
that you should proceed out with caution since we know that this market could make up some switch up in a blink of an eye without tending to follow
any indicators whether it would be technical or fundamentals and this is why you should watch out.

ShowOff

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It's always wise to think that the market can move in any direction. Even though the price is currently in a positive trend, volatility is still unavoidable.
I had been looking at $23K while ago, but a sudden correction brought the price down to $22.7K. So there is always dip risk, but if you want to invest in the long term then it's a good idea to consider DCA.

I had no doubts that the bitcoin price would never drop below $20K again, but we can never really say anything for sure. Consider your risk, invest for the amount you can afford to lose.

Bitstar_coin

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The best way to achieve a maximum success is to have a long-term strategy, cryptocurrency markets can be highly unpredictable in the short-term, so it's important to have a long-term strategy in place. Don't make impulsive decisions based on short-term market fluctuations.
Crypto investment requires lots of patience, anyone who does not possess that will find it difficult to achieve anything in this space. The markets has been very positive the past days even their are different opinions regarding it.

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Quote from: Ziskinberg on January 23, 2023, 09:35:57 AM

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.

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.

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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.

bounceback

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Quote from: cryptoreviewhunters on January 21, 2023, 11:14:53 AM

However, it's important to remember that the crypto market is still in a bear market and the bottom has not been reached yet.

During the bear market haven't we seen a very deep drop in bitcoin price where bitcoin has fallen to $15k which I think is the lowest level for bitcoin after hitting a new ATH in 2021 and it doesn't look like there will ever be a level lower than price $15k, because right now if we notice that the bitcoin price has crept up past the $21k resistance area and if it is able to maintain that area for the next few days then it is possible that the bitcoin price will continue to increase in the coming weeks.

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Quote from: EarnOnVictor on January 22, 2023, 04:02:04 AM

I don't believe that crypto has a negative reputation at all, people might talk and have their reservations, but cryptos would continue to flourish. As for the trend of Bitcoin and others, they are bullish, and the economic and technical reasons are attributed to this. There will always be bad issues and good circumstances about cryptos, yet the market sentiment shows that they are on the bullish path, and this is a long-term view that might last throughout the first quarter of 2023.

Of course, there might be retracement at times, but after this, I only see a bull run for cryptocurrencies.

Bitcoin and a few of the cryptos are in good reputation. It was those scam cryptos and crypto platforms that affected them badly or those who invest on them rather and then those people will have a bad impression on the overall market. The remaining legit cryptos are going to continue because there are still people who believes on them.

We only need to hope that nothing bad will happen to them because not all times people can extend their patience but they will soon ran out of it and quit permanently in cryptos. We are not in a bullish market yet but maybe we are heading on that path as the coins are now recovering slowly.

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Quote from: goaldigger on January 22, 2023, 05:26:37 PM

The trend is getting better but we are still on a bear market because bull trend is not that strong yet but eventually we will hit that level because we have to and the market is overdue for this. There’s a lot of positive news already, if Bitcoin can stay above $23k then it could be an indicator that bear market is gone already and we will not aim for a higher peak, just stay cautious and stay alert with the current trend just to be safe.

as we have this roller-coaster ride of market, we are not sure where we are heading to. but the positive sentiments are currently driving an upward trend. it has been month that we haven't seen the 20k level, and now finally, seeing it above 20k, a lot are having positive vibes.
but as we are seeing positive movement, and if you have spare funds, might as well think of your next step to take advantage of this market while it is still not high enough that you can still afford to buy some.

BitcoinPanther

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It isn't a surprise that Bitcoin market price has a trend like this. It has been known that Bitcoin market is highly volatile, meaning its surges can be in extreme and its collapse can be in extreme also. This happen because the Bitcoin market is dictated by supply and demand and there is no regulators that watch or control the Bitcoin's market price.

Quote from: EdenHazard on January 22, 2023, 06:52:18 PM

Quote from: teosanru on January 22, 2023, 10:03:34 AM

The market is bullish, obviously it's not a new bull run as we had in a bigger time frame but it's a short term bullish momentum that the market currently is experiencing. Some are even saying it's a correction in the bear cycle as you see the monthly RSI of bitcoin went to the oversold region it is now being corrected into the median area. I feel one should not say anything as a bull run until you see market near 20-30% area of the last all time high.

In the long run? Sure it's always bullish.

I agree! Bitcoin will always be bullish in the long run.

Quote from: EdenHazard on January 22, 2023, 06:52:18 PM

But at the moment .. i don't think it is ... approaching the halving might hurt us all .. as we have witnessed it that the bitcoin price get dropped to the lowest back in 2019/2020 where everyone waiting for the halving that comes the year after. We sure have to proceed with caution as the drop might occured anytime soon.

Well, we can't say that the market had transitioned to bullish yet, but I believe the current sentiment of people is bullish. Unless something unexpected thing happen again that can cause the same impact done by the FTX and Tera Luna does, I think there is a good chance that the bitcoin market will fully transition to bullish market even before the halving event happens. I also hope that this uptrend is not a bull trap.

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Quote from: goaldigger on January 22, 2023, 05:26:37 PM

The trend is getting better but we are still on a bear market because bull trend is not that strong yet but eventually we will hit that level because we have to and the market is overdue for this. There’s a lot of positive news already, if Bitcoin can stay above $23k then it could be an indicator that bear market is gone already and we will not aim for a higher peak, just stay cautious and stay alert with the current trend just to be safe.

Until the confirmation is there that we're on a bull run then we're on it. But as of now, the market is still uncertain, yes we see some ups but that doesn't verify yet if it's going to be stable there for a long time. Unlike with the $16k mark and $18k, it had stayed there for quite a while determined that it was likely the bottom of it. Right now, proceeding is the typical response we'll give to it but those that are scared of the volatility of it should think first before taking the risk.

Topic: Crypto Market on the Rise, But Proceed with Caution! - page 6. (Read 1231 times)