Topic: I have become cautious on the market - page 2. (Read 416 times)
What would be the cause to make the market perform worse than it presently is? Would it be the rejections of all the ETF for bitcoin on October? I speculate something very worse. What if Elon Musk announces that Tesla would be dumping all the coins Tesla holds to clear their balance sheet of bitcoin?
It is better to be cautious nowadays as the market is in a troubling condition. China's decision to ban cryptocurrencies also have an affect on the market as it seems. It didn't affect Bitcoin price very highly but still this can prevent the price from going much higher levels for some time. Unless you are not planning a long-term investment, it is better to wait for now in my opinion.
According to Glassnode, the whales have been buying and accumulating bitcoins since July. The secret reason why I have become bullish on bitcoin is because I was speculating that those whales might have information that at least 1 of 5 ETF applications for bitcoin will be approved on October. However, it is very difficult to be always optimistic if bitcoin dumps every week for 3 weeks hehe.
Lol, What is more important is that the accumulation of corporations is increasing into bitcoin to store their value. Morgan Stanley has increased its exposure to Grayscale's GBTC trust. It is proof that the power of bitcoin continues to be believed. I believe that is the main trend to relieve the pressure from the Chinese government to reduce the risk of bitcoin.Taproot is coming and it's really good for bitcoin to kick off a break out of the 50k region
It is better to act cautiously in this market these days as it is very ambiguous. Bitcoin price is still having a big difficulty in climbing to upper levels and sometimes it makes people uncomfortable by going down again. Now we see it at $41.7k. I'm not happy about the probability that the price can go down below $40k and doesn't go up for a long time. But everything can happen in this market also. Maybe we will even see a bull market in October.
@SquallLeonhart. I was wrong. There might be up to 30 pending applications for an ETF for bitcoin. On being the optimistic me, there should be at least 1 of them to get approval hehehe.
Also, reading news articles like this causes me to speculate that the market is not entering the bear market and it might begin to pump for October hehehehe.
Famous author and investor Robert Kiyosaki has predicted that a “giant stock market crash” is coming in October, noting that gold, silver, and bitcoin may crash as well.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Source https://news.bitcoin.com/rich-dad-poor-dads-robert-kiyosaki-predicts-giant-stock-market-crash-october-bitcoin-crash/
Also, reading news articles like this causes me to speculate that the market is not entering the bear market and it might begin to pump for October hehehehe.
Famous author and investor Robert Kiyosaki has predicted that a “giant stock market crash” is coming in October, noting that gold, silver, and bitcoin may crash as well.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Source https://news.bitcoin.com/rich-dad-poor-dads-robert-kiyosaki-predicts-giant-stock-market-crash-october-bitcoin-crash/
According to Glassnode, the whales have been buying and accumulating bitcoins since July. The secret reason why I have become bullish on bitcoin is because I was speculating that those whales might have information that at least 1 of 5 ETF applications for bitcoin will be approved on October. However, it is very difficult to be always optimistic if bitcoin dumps every week for 3 weeks hehe.
I am not entirely sure if any of the ETF's would get accepted or not, I have no idea about the deal from inside so I can't make any assumptions. However, I am 100% certain that whales realized long time ago they have a product in their hand that would increase in profit. Sure maybe it might be volatile but that doesn't mean that it would not go up in the long run, if you have something that you could invest today and KNOW for sure 100% guaranteed that it will be higher in 10 years, and if you are rich like a whale that could end up not came. 
OP’s sentiment is very understandable, but did anyone of you notice that Bitcoin surges back with strength upon crashing down to $39,000 $40,000? Bidding in that area might be the best for buying the dip and HODL at this point of the market cycle. 
More caution will be necessary when you want to enter the market because our prediction can not always work. You need to calm down for a while and not trying to enter the market before you are sure that the situation is good. I think those traders are still trying to make a profit in the situation to do many things to make money. The situation can change, but we must try to profit and not give up because of the situation.
The crypto market is now really volatile, so crypto price movements are very difficult to predict. This means that we really have to be more careful, and not rush into making decisions, so that we don't take wrong steps. We should often monitor crypto price movements in the market, in order to
find a good way to make a profit. But with the current market situation, the safest way is to focus on holding until the target we want is achieved.
We can use the volatile Bitcoin price to make a profit, but we do have to be careful and don't forget to use the stop-loss feature just in case
the Bitcoin price suddenly falls deeper. But based on my prediction maybe in the near future Bitcoin will only move around the price of $40k-$45k,
until finally there is positive news that makes Bitcoin can return to the price of $ 50k. But really don't expect to make big profits in a situation like now,
the most important thing is not to lose and can make a profit even though it is small.
I was looking at this chart I found that shows the year to date weighted average price. Since the start of the year matches up with most of the larger rally its probably quite key and somewhere to watch, the recent Sept low was about this point. Besides all the other reasons for BTC to find support there, also its in large part a volume ledge we must hold to continue strength in the wider positive gain for this year.
Here is the graph and video link if you would like to examine further, yellow is YTD. red is ATH to current time
https://youtu.be/8Hn1seH_Zo0?t=567
Here is the graph and video link if you would like to examine further, yellow is YTD. red is ATH to current time
https://youtu.be/8Hn1seH_Zo0?t=567
Even though there's a strong resistance on recent market situation, that doesn't bother me so much this time because I believed that price won't go dip so bad same with what happen from history. We may experience some fluctuations but, recovery takes place once investors buy back during market saturation. Patience is our key right now before we're going to see another milestone of success come out way, and our strong holds will begun to soar.
Really? I haven't.
Since I invest for the long term, I care little about what traders do. I always prefer to see the price go up, but I know that's impossible. I buy regularly and I don't worry about what the price will do next month, I worry about where it will be in 4 and 8 years. Not just the price, but how the popularization and adoption of Bitcoin will have affected our society and our day to day lives.
How I wish I have the patience to hold for a long period like you plan to do, 4 to 8 years is really a long term period. Just that am still a baby investor who is after making a shot profit and use it take care of my personal needs. This implies traders are short selling.
Since I invest for the long term, I care little about what traders do. I always prefer to see the price go up, but I know that's impossible. I buy regularly and I don't worry about what the price will do next month, I worry about where it will be in 4 and 8 years. Not just the price, but how the popularization and adoption of Bitcoin will have affected our society and our day to day lives.
I have become more cautious on the market from speculating that it might pump similar to the pump of December of 2020. My reasons for this are China Evergrande and the speculated connection of Tether’s holding of Chinese companies commercial paper. Tether’s lawyer denies this, however, we cannot trust his word until we can verify this.
But, I do see the current market scenario must be very good opportunity for all of us to bag hold. Unless otherwise you are a margin trader, then you never need to be cautious whenever market dips. Whenever markets shows you corrections and you are a long term trader then you can simply go for accumulating as much as your budget allows.If bitcoin is in your veins then being cautious may put you in back foot but making use of every dips and always allocating funds to utilize the dips kind of plans will get your enormous profits after years; I am the one who keep buying at dips whenever my regular income surpluses allow and enjoying big profits from the true potential of bitcoins after years of holding.
Cryptocurrencies hype usually is created by publishing various types of news every day. And most of these are fake. So you should never sell or buy anything without knowing the true facts or information. However, many people are earning a lot of money by using this kind of news or business strategy. So invest cautiously don’t be panic.
If we were able to join in hype in projects that have potential and can benefit us with it’s platform and uses then there’s no wrong in joining the hype. Though we can’t deny the fact that we can earn even in those projects that are purely pump because of hype, we’re lucky if we can join the hype but we should know where to stop or withdraw once we already earn since there’s no guarantee that projects that happen because of hype alone can have a future. Know how to imvest and where to invest even there is a hype.
Besides Evergrande, we have been waiting for a Golden Cross lately. If this really happens, Bitcoin and the market in general would start to literally fly. It is very possible for us to witness a brand new bull run after a long time period. I really missed the bull run after a bear market which lasted for a long time. If we see it in the next month, then we can get ready for even $100k before the end of the year maybe.
According to Glassnode, the whales have been buying and accumulating bitcoins since July. The secret reason why I have become bullish on bitcoin is because I was speculating that those whales might have information that at least 1 of 5 ETF applications for bitcoin will be approved on October. However, it is very difficult to be always optimistic if bitcoin dumps every week for 3 weeks hehe.
Cryptocurrencies hype usually is created by publishing various types of news every day. And most of these are fake. So you should never sell or buy anything without knowing the true facts or information. However, many people are earning a lot of money by using this kind of news or business strategy. So invest cautiously don’t be panic.
Sentiments like these are very common into this market which it do really need some common sense whether you do make use of it for your advantage or you would really be just ignore and stick with your plans.You would really be that aware specially when you do have actual experience on this place.You would become cautious because you do have already witness for yourself on how it moves.
You would make out things according into your experience and its good that you would really be prepared and had already insighted up on what are the things you should need to do.
Cryptocurrencies hype usually is created by publishing various types of news every day. And most of these are fake. So you should never sell or buy anything without knowing the true facts or information. However, many people are earning a lot of money by using this kind of news or business strategy. So invest cautiously don’t be panic.
More caution will be necessary when you want to enter the market because our prediction can not always work. You need to calm down for a while and not trying to enter the market before you are sure that the situation is good. I think those traders are still trying to make a profit in the situation to do many things to make money. The situation can change, but we must try to profit and not give up because of the situation.
The crypto market is now really volatile, so crypto price movements are very difficult to predict. This means that we really have to be more careful, and not rush into making decisions, so that we don't take wrong steps. We should often monitor crypto price movements in the market, in order to
find a good way to make a profit. But with the current market situation, the safest way is to focus on holding until the target we want is achieved.
We can use the volatile Bitcoin price to make a profit, but we do have to be careful and don't forget to use the stop-loss feature just in case
the Bitcoin price suddenly falls deeper. But based on my prediction maybe in the near future Bitcoin will only move around the price of $40k-$45k,
until finally there is positive news that makes Bitcoin can return to the price of $ 50k. But really don't expect to make big profits in a situation like now,
the most important thing is not to lose and can make a profit even though it is small.
It is better to be cautious these days as the market is fluctuating a lot. Bitcoin is still struggling to reach upper levels. After reaching above $45k again, the price went down to $42k. It is really boring to see the market in a poor condition right now but we don't have anything to do about it. We just need to make our investments even more carefully if we are aiming to make short-term ones.
Another Tether FUD.
Ok, for all these past years, Tether FUD is always around. Especially about the rumours of bear run around 2018, when Bitcoin made a peak around $19,000 - $20,000. A lot of people also told that it was Tether.
So I am expected this kind of FUD too now. Tether. So it could be true or not, Tether doesn't release any announcement about this. So, for me, this is still another FUD.
Ok, for all these past years, Tether FUD is always around. Especially about the rumours of bear run around 2018, when Bitcoin made a peak around $19,000 - $20,000. A lot of people also told that it was Tether.
So I am expected this kind of FUD too now. Tether. So it could be true or not, Tether doesn't release any announcement about this. So, for me, this is still another FUD.
Other than news about Bitcoin is dead or will soon die,,, China FUD,,, miners FUD,,, Tether FUD is the news we can always rely on to hear when things get stale and journalists also find nothing else to talk about.
I have never trusted Tether, but I also think that most people including analysts over-emphasize the effect of this company on Bitcoin price.
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