The market doesn't have the slightest reaction, in fact it's a correction today, which means it won't signify a bullrun in the near future, but at least there's a process where it's sure to rise again and in a real bullrun.
From the past, those that are still above $30,000 are still very good to buy, especially now that the price is falling again, so prepare to buy again at this correction point, don't just look at the news, it will indicate a bull run from another perspective, buying bitcoin is important while it's still low below $30,000 then we are quite consistent before heading to ATH again so buying bitcoins must be done regularly so that the accumulation becomes large.
Topic: Is the bull run near already? - page 9. (Read 1103 times)
Those that have experienced the bull run before, does events like this leads to bull run or signifies that bull run will happen anytime soon?
The bullrun is to be expected given the positive news, but I'm sure the impact this time around won't be too big.And those that haven’t bought bitcoin, does this signify that they need to necessitate buying some now before it’ll be too late?
So far I haven't bothered to say that it's time to accumulate their bitcoins by any means. They all have a good chance of getting bitcoin at low prices, but I hope they're not too fomo. Should also consider DCA for unexpected market reactions, but buying 80% of the total budget is probably well worth considering.Oh yeah, I also don't want my opinion to be considered as financial advice, meaning they have to make their own analysis before making a decision.
Those that have experienced the bull run before, does events like this leads to bull run or signifies that bull run will happen anytime soon?
News come and go, just as bull runs come and go. China has a great population, and they can also have a little to great impact on crypto prices, just as a crypto ban news from them can cause a price decline for a few hours and days.
Since they have reduced their crypto ban, I believe something good can come out of it, but we should not be expecting any pump or bull run in this instance. Anyone who still has money to buy and bag more Bitcoin should be doing it as usual, and don't take this news as a kind of hack to use and borrow money to invest in Bitcoin with the hope that after the pump you can sell and pay back. This will be the greatest mistake anyone can make.
If you ask me, going from $16K to $26K is the bull run... These runs have a tendency to last multiple years when you zoom out and tune out the noise. Come next April, the block reward will be slashed in half and demand will likely be higher than it is today. There won't be US government auctions and the mtgox coins will be distributed. You're going to want to have a position built by then so I think the way to play it is to dollar cost average into the market for the next two years and then enjoy the rewards that come with that decision.
Nah. News such as this does help Bitcoin in a PR-perspective, but it's not near huge alone to actually cause a full-fledged bull market. I remember us having a decent number of positive news deep in the 2020 bear as well, but those news did jack shit besides a temporary small cute pump.
The news about China recently is because of the reduce restrictions on cryptocurrency and this will certainly have an impact on cryptocurrency because The Chinese apart from been the most populous country in the world there number in the crypto space is also high, so with less restrictions more people will come into the space and this will certainly have a positive impact on cryptocurrency but will this trigger a bull run i doubt probably there will be weeks of bitcoin highs before everything settles down a bit.
The bitcoin halving is usually the most import even that triggers long period of bull run and this run is certainly almost a year after the halving itself (my suggestion is based on the past bitcoin trends). So personally I am placing the bull run on this to affect it. Aside that I would say the rest will be just bull trap.
Those that are yet to buy shouldn’t wait till this a news broke out about bull run because nobody is certain of it, it is just speculations and they are sometimes miss leading. The best thing is to buy when you have the funds to do so and apply the DCA method to minimize the risk.
The bitcoin halving is usually the most import even that triggers long period of bull run and this run is certainly almost a year after the halving itself (my suggestion is based on the past bitcoin trends). So personally I am placing the bull run on this to affect it. Aside that I would say the rest will be just bull trap.
Those that are yet to buy shouldn’t wait till this a news broke out about bull run because nobody is certain of it, it is just speculations and they are sometimes miss leading. The best thing is to buy when you have the funds to do so and apply the DCA method to minimize the risk.
The CEO of Binance, Changpeng Zhao just tweeted and I quote, he said that;
“CCTV (China Central Television) just broadcasted crypto. It's a big deal. The Chinese speaking communities are buzzing. Historically, coverages like these led to bull runs.
Not saying past predicts the future. And not financial advice.”
Link to Changpeng Zhao’s tweet
Those that have experienced the bull run before, does events like this leads to bull run or signifies that bull run will happen anytime soon?
And those that haven’t bought bitcoin, does this signify that they need to necessitate buying some now before it’ll be too late?
“CCTV (China Central Television) just broadcasted crypto. It's a big deal. The Chinese speaking communities are buzzing. Historically, coverages like these led to bull runs.
Not saying past predicts the future. And not financial advice.”
Link to Changpeng Zhao’s tweet
Those that have experienced the bull run before, does events like this leads to bull run or signifies that bull run will happen anytime soon?
And those that haven’t bought bitcoin, does this signify that they need to necessitate buying some now before it’ll be too late?
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