Its frustrating to see such a steady stall in the crypto market post January. Seems like any price change (increase/decrease) is happening at snail pace. Any hope that this market will pick up soon in the following months?
Of course everyone is really frustrated to see the prices stuck at $11K. However, this is just the beginning of the year, you just need to keep calm. This bearish sentiments is just another test to all of us. With bitcoin's track record in recovering from all the crash, no need to worry at all. January has shows that its a month where bitcoin is somewhat bearish (2016 / 2017).
It will last for another 2 weeks until mid-february Chinese new year, after which vast amounts of fiat will flow back in from Asian markets.
For me it will start at the beginning of February leading to the Chinese Lunar year.
If you ever traded stocks the phase is actually 10 times slower. Just be patient,you cannot expect the market to be on sideways forever and to be honest even though the price action of the market right now is sideways it is still moving and there is still a lot of opportunities to earn profit, I am pretty sure swing traders are earning a lot. There are also altcoins right now that are going up you should check it out as well.
for sure those who swing the wave will gain more profits. And perhaps to avoid regrets i think much better to wait until the price pump gradually which is it tends to soar and there's chances that the price will never back down after a months. Or buy some alts and hold while the other coins is not stable.
HODLing, We can't really put emphasize on it already. We should look at it the the bright side. Just buy in this dips and then wait for the price pump and if you want to take profits then you can dump it. Instead of selling it today and lose your potential profit.
