Author

Topic: What's going on? (Read 502 times)

legendary
Activity: 2660
Merit: 1074
February 04, 2024, 02:15:24 PM
#58
Don't make your self under pressure when have many discount with bitcoin or altcoin price, since ETF bitcoin spot approval we have many time to buy back because bitcoin price correction under $39k. For short term holding and some traders want accumulate investment assets is the best moment to buy back and get opportunity with bitcoin have drop to lower price.
People with different mindsets have different views about the market and prices of cryptocurrencies. Those who are new in the market will see dips and corrections are problems and they don't want them to happen because they lack knowledge and don't understand what these things can do, all they see is their assets losing value which makes them concerned and they start panicking, some even sell their assets because of this and exit the market.

On the other hand, people who have been in the market for quite some time consider such situations to be opportunities to buy more and fill their bags with cheap coins and tokens so that they can reap more profits when the market starts recovering and when it enters the bull run because they know this is bound to happen.
hero member
Activity: 2240
Merit: 848
February 04, 2024, 01:23:33 PM
#57
Anyone else getting bored with Bitcoin doing nothing but bouncing between $42,800 and $43,200 for days?? haha

Give me some price action! Let's see $44k/$45k this week  Cheesy
sr. member
Activity: 1498
Merit: 271
DGbet.fun - Crypto Sportsbook
February 04, 2024, 05:58:03 AM
#56
If the market is declining now, I think you are right to think that this is an opportunity to get a discount on buying Bitcoin. That's what the rest of us here who believe in Bitcoin believe—that the price will plummet on the day of the bull run.

This is the best course of action that bitcoin believers should take in reality. Just apply the DCA system; that's all we should do as bitcoin holders, right? Whether the market declines or we can see that it's all red, that's fine; take the opportunity, that's all.
full member
Activity: 392
Merit: 130
PredX - AI-Powered Prediction Market
February 03, 2024, 10:00:43 AM
#55
Don't make your self under pressure when have many discount with bitcoin or altcoin price, since ETF bitcoin spot approval we have many time to buy back because bitcoin price correction under $39k. For short term holding and some traders want accumulate investment assets is the best moment to buy back and get opportunity with bitcoin have drop to lower price.

I also find it strange to see market conditions and the most we can do is just follow the pattern of the game and that is clear from the graph showing the ups and downs. I think speculators are very happy with the current conditions.

Right, this topic made few days before ETF bitcoin spot approval but bitcoin before that announcing have stable on higher price before going drop drastically until with bitcoin price today. Have more lower price right now for bitcoin although get recovery but more slowly. Have been one month after ETF spot approval will bitcoin get recovery in short time?

I don't think so, investors are waiting for another new drama, namely the approval of the spot Ether ETF agreement... there are ideas from stakeholders. The question is whether this agreement will be realized soon or will it be delayed again like the previous spot ETF incident.
sr. member
Activity: 2296
Merit: 315
SOL.BIOKRIPT.COM
January 29, 2024, 07:21:21 AM
#54
But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight? Grin
Don't make your self under pressure when have many discount with bitcoin or altcoin price, since ETF bitcoin spot approval we have many time to buy back because bitcoin price correction under $39k. For short term holding and some traders want accumulate investment assets is the best moment to buy back and get opportunity with bitcoin have drop to lower price.

This topic was created on the beginning of January before the Bitcoin ETF approval. I remember exactly this dump since there’s an uncertain atmosphere towards the ETF but the price easily recovered after few days although the current price is much lower than the price listed on the OP screenshot.
Right, this topic made few days before ETF bitcoin spot approval but bitcoin before that announcing have stable on higher price before going drop drastically until with bitcoin price today. Have more lower price right now for bitcoin although get recovery but more slowly. Have been one month after ETF spot approval will bitcoin get recovery in short time?
hero member
Activity: 2338
Merit: 737
January 29, 2024, 07:18:56 AM
#53
there are only few from  first adopters that has Millions of bitcoin or not even one instead the middle investors have succeeded getting many.
It seems that not only medium investors have gained more benefits in recent years through Bitcoin, but there are also many large investors who have managed to benefit from Bitcoin. Including the previous ATH session where the price increase was so extraordinary that quite a lot of people were profitable at that time.
 
Quote
wait 90% losing in bitcoin value? this will be the most or the painful part of my crypto journey if bitcoin falls this hard again after that 2020 sudden fall.
That's a very high amount of decline and really very deep, but in 2020 I see that is not happening and instead it is trying to increase because in the following year everyone can see ATH with very high price levels in Bitcoin. But in 2022, perhaps most people will suffer greatly from the drop in Bitcoin prices, although others will also start to take advantage of the situation to buy more Bitcoin at low prices. And now some of the people who have taken advantage of the low prices have been able to reap very good results in Bitcoin.
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
January 29, 2024, 07:04:41 AM
#52
Expect the unexpected and this is how this market works on which if you do really have that kind of positive views towards those fundamentals around then dont expect that it would 100% guarantee that it would go positive on which there are really several times that the market did really have that different outcome which it didnt getting in line with those sentiments on which you do believe that it is really that going into the
way or path on which you do really believe on. This is why it would really be always best that should really be always having those back up plans on whatever the price would really be going into.
If it drops then you should DCA but if it pumps then you should really know on when to take profit and diversify as much as possible. We do know that this isnt something simple though but
doesnt mean that it would really be that impossible.

This topic was created on the beginning of January before the Bitcoin ETF approval. I remember exactly this dump since there’s an uncertain atmosphere towards the ETF but the price easily recovered after few days although the current price is much lower than the price listed on the OP screenshot.

You’re right that DCA is the right approach when there’s a dip while you have extra fiat ready to purchase crypto. But we should remember that we are not required to purchase on every because sometimes holding strong without doing anything is the best thing to do when FUD is strong so that you will not be affected and do unnecessary trade such as selling or grading in leverage just to catch up with the FUD.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
January 29, 2024, 06:57:07 AM
#51

Many claim that this is the Jim Cramer effect, which makes the market experience an unexpected decline, even myself this feels impossible and cannot be understood why there is a decline, is it because of Jim's posts that cannot be explained by logic.
Is there someone who can explain this so that what is happening can enter my logic and not believe in things that do not make sense?
There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?

But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight? Grin

Expect the unexpected and this is how this market works on which if you do really have that kind of positive views towards those fundamentals around then dont expect that it would 100% guarantee that it would go positive on which there are really several times that the market did really have that different outcome which it didnt getting in line with those sentiments on which you do believe that it is really that going into the
way or path on which you do really believe on. This is why it would really be always best that should really be always having those back up plans on whatever the price would really be going into.
If it drops then you should DCA but if it pumps then you should really know on when to take profit and diversify as much as possible. We do know that this isnt something simple though but
doesnt mean that it would really be that impossible.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
January 29, 2024, 06:27:43 AM
#50
Are you telling me you bought Bitcoin at that high level, it eventually falls and you are happy about it?

I'm pretty sure there are people who made 10 of not 100 millions with the rise of bitcoin.
How many of the first circle had millions of bitcoin?
there are only few from  first adopters that has Millions of bitcoin or not even one instead the middle investors have succeeded getting many.


Quote

Cleverly invested, diversified and seeded outside the crypto scene, you can now laugh about bitcoin losing 90% of its value.
wait 90% losing in bitcoin value? this will be the most or the painful part of my crypto journey if bitcoin falls this hard again after that 2020 sudden fall.
full member
Activity: 2520
Merit: 204
OrangeFren.com
January 29, 2024, 06:17:33 AM
#49


But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight? Grin

The thread had already served its purpose , the market have already answered the question
and what had happened so I think this thread needs closure at least and yes there is really a turbulence 
back in then but now that the market had already recovered and indeed does a great increase then
another questions must be answered in the coming days.but for now we have other things to  face
then and like what advised from you then we must have invest and add more bitcoin as we can.
full member
Activity: 2268
Merit: 121
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
January 29, 2024, 03:12:39 AM
#48
I'm one of the lucky people that added   Bitcoin from that decline mate and guess what I even add more now as the declines back and making the market uncomfortable for those who wanted to sell out.
this does not matter for me who is the reason or what is but for me the opportunity is what make this important event.
Even though there should be a situation that is not in accordance with the expectation and where there will be consequences, the result is that there is a correction. You are right; you have used that moment to be able to add bitcoin deposits in a situation that is indeed not good, and of course this is a moment that can be used as best as possible.Of course, the situation will be inversely proportional to those who want to sell it, where the situation is precisely at the incorrect time.Obviously, you accept the abundance of profits from the situation, and for you, it is certainly not a problem because you receive profits.
hero member
Activity: 2408
Merit: 584
January 24, 2024, 02:12:50 AM
#47
I'm one of the lucky people that added   Bitcoin from that decline mate and guess what I even add more now as the declines back and making the market uncomfortable for those who wanted to sell out.
this does not matter for me who is the reason or what is but for me the opportunity is what make this important event.
I'm not sure if luck is the correct term for it because anyone can spot it easily and then the duration of it is also a bit longer. And in fact, the price is still declining right now. It's like an obligation already for the Bitcoin users to buy more coins, once these moments came in. I'm not sure as well if there are people that wants to sell nowadays, since everyone expects that there will be a huge pump or bull run that can happen, now that ETF is finally approved and then the halving is also approaching. They will just wait a little more, and gain a better income than what they are going to get now if in case they sell. Some of them can even lose.
member
Activity: 672
Merit: 16
Looking for guilt best look first into a mirror
January 20, 2024, 12:21:31 PM
#46
Are you telling me you bought Bitcoin at that high level, it eventually falls and you are happy about it?

I'm pretty sure there are people who made 10 of not 100 millions with the rise of bitcoin.
How many of the first circle had millions of bitcoin?

Cleverly invested, diversified and seeded outside the crypto scene, you can now laugh about bitcoin losing 90% of its value.
hero member
Activity: 826
Merit: 641
Leading Crypto Sports Betting & Casino Platform
January 15, 2024, 10:27:26 AM
#45
Many claim that this is the Jim Cramer effect, which makes the market experience an unexpected decline, even myself this feels impossible and cannot be understood why there is a decline, is it because of Jim's posts that cannot be explained by logic.
Is there someone who can explain this so that what is happening can enter my logic and not believe in things that do not make sense?
There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?

But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight? Grin

I'm one of the lucky people that added   Bitcoin from that decline mate and guess what I even add more now as the declines back and making the market uncomfortable for those who wanted to sell out.
this does not matter for me who is the reason or what is but for me the opportunity is what make this important event.
Are you telling me you bought Bitcoin at that high level, it eventually falls and you are happy about it? By the way, how much is your money that will discourage the sellers from taking hold of the market? You are funny my friend, but you didn't make a smart investment by doing that. If it were to be the DCA approach, I would have said that at least you had a better plan other than investing the whole money in Bitcoin at once, and even at a high and discouraging price. There is no substitute for a smart investment and during that time you are happy about it, I waited based on my experience in the past and allowed the market to decide on whether to continue to invest my money or not.

With what happened now, I think I made the right decision to be patient, and even if I buy it now, it is a plus for me more than you because I will make more money than the person who bought it at a higher price. This is how investors should think before always, and as it is now, the only reason why I can buy Bitcoin again is for it to confirm a bullish trend on the weekly chart. And if this bullish trend is serious enough, it might be what will push the coin through above the much-expected $50,000 psychological level.
legendary
Activity: 2338
Merit: 1023
DGbet.fun - Crypto Sportsbook
January 15, 2024, 05:17:22 AM
#44
Is there someone who can explain this so that what is happening can enter my logic and not believe in things that do not make sense?
There is also a lot of speculation that this is cothat bitcoin ETF applications will be rejected again?

But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight? Grin
10 days from January 3 before the ETF was approved and after the ETF was approved, Bitcoin price returned to $42K after rising high over the past few days.
A sign that there is still an opportunity to add as much Bitcoin as possible before the price rises high and reaches a new ATH.
The market is still sending signals to investors to make them continue to make every effort to increase the amount of Bitcoin in the portfolio.
Bitcoin price January 03 42,494.91 USDT. As of January 14 the price of Bitcoin was 42,581.80. This is what I mean by opportunity before $70K
At the moment, is best to buy more bitcoin at all time and also being able to continue with the accumulation at whatever interval possible, majority of the time, we have to take note of some important aspects that contribute to all of this expectations as regards to bitcoin ETF or bitcoin halven which is expected somewhere around march and April, all this could have both way impact onnrhe price of bitcoin and for that we have toake up our mind to always act along at an advanteguis mannar and at all time.

Most of those that thought that 45k was already an high price, now have the chance to buy bitcoin at the present 42k price which is significantly good enough if compared to the anticipated all time high price.
And a few days ago the bitcoin ETF was approved, but maybe there is today a price drop in bitcoin is real when it touched $48 yesterday and is now moving at $42k again, and I think this price is enough for us to continue to collect the bitcoin we have, because the halving and the new ATH have not touched in thiscycle, and many people believe that know 2024 will be the best year for the Blockchain industry, it just takes some time to see and wait to see a big surge in bitcoin.

Yes, if we compare it with the previous highest price of $69k then we are still far away, and the probability that happens to bitcoin is likely to reach $100k or crazier than that, because those who collect bitcoin today are institutional companies not retail as before.

As long as the real bull season has not come and bitcoin has not made a new ATH, this is always the right time for us to buy bitcoin even if it costs $48k or $50k. But I suspect not too many people will dare to buy bitcoin at this time. Bitcoin has suddenly dropped from $48k to $42k in just 2 days, and this is giving more people fear than confidence buy in. I see many people expressing regret and complaining that the price of bitcoin increased so quickly that they could not buy bitcoin, but now bitcoin has fallen and no one is buying. What I see on social media is people waiting for bitcoin to drop to $38k to buy, but I believe they won't buy if bitcoin drops there.
sr. member
Activity: 1624
Merit: 341
Buzz App - Spin wheel, farm rewards
January 15, 2024, 03:46:18 AM
#43
I'm one of the lucky people that added   Bitcoin from that decline mate and guess what I even add more now as the declines back and making the market uncomfortable for those who wanted to sell out.
this does not matter for me who is the reason or what is but for me the opportunity is what make this important event.

I think it's just demand and market value. When it is felt that it is high, many speculators throw away their assets to sell, causing other holders to join in so that price reversals quickly occur. but it's still very normal.

There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?

This market allows investors creating events to make bets based on the outcome. For this matter, I don't know if there are any that haven't been approved, but in the past 2 days, the majority of the crypto market has still weakened, where there is still a sense of concern that continues to arise even though the SEC has previously approved 11 Bitcoin Spot ETFs.
sr. member
Activity: 2618
Merit: 439
January 15, 2024, 12:54:19 AM
#42

Many claim that this is the Jim Cramer effect, which makes the market experience an unexpected decline, even myself this feels impossible and cannot be understood why there is a decline, is it because of Jim's posts that cannot be explained by logic.
Is there someone who can explain this so that what is happening can enter my logic and not believe in things that do not make sense?
There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?

But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight? Grin

I'm one of the lucky people that added   Bitcoin from that decline mate and guess what I even add more now as the declines back and making the market uncomfortable for those who wanted to sell out.
this does not matter for me who is the reason or what is but for me the opportunity is what make this important event.
hero member
Activity: 1400
Merit: 674
January 14, 2024, 08:53:30 PM
#41
Is there someone who can explain this so that what is happening can enter my logic and not believe in things that do not make sense?
There is also a lot of speculation that this is cothat bitcoin ETF applications will be rejected again?

But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight? Grin
10 days from January 3 before the ETF was approved and after the ETF was approved, Bitcoin price returned to $42K after rising high over the past few days.
A sign that there is still an opportunity to add as much Bitcoin as possible before the price rises high and reaches a new ATH.
The market is still sending signals to investors to make them continue to make every effort to increase the amount of Bitcoin in the portfolio.
Bitcoin price January 03 42,494.91 USDT. As of January 14 the price of Bitcoin was 42,581.80. This is what I mean by opportunity before $70K
At the moment, is best to buy more bitcoin at all time and also being able to continue with the accumulation at whatever interval possible, majority of the time, we have to take note of some important aspects that contribute to all of this expectations as regards to bitcoin ETF or bitcoin halven which is expected somewhere around march and April, all this could have both way impact onnrhe price of bitcoin and for that we have toake up our mind to always act along at an advanteguis mannar and at all time.

Most of those that thought that 45k was already an high price, now have the chance to buy bitcoin at the present 42k price which is significantly good enough if compared to the anticipated all time high price.
And a few days ago the bitcoin ETF was approved, but maybe there is today a price drop in bitcoin is real when it touched $48 yesterday and is now moving at $42k again, and I think this price is enough for us to continue to collect the bitcoin we have, because the halving and the new ATH have not touched in thiscycle, and many people believe that know 2024 will be the best year for the Blockchain industry, it just takes some time to see and wait to see a big surge in bitcoin.

Yes, if we compare it with the previous highest price of $69k then we are still far away, and the probability that happens to bitcoin is likely to reach $100k or crazier than that, because those who collect bitcoin today are institutional companies not retail as before.
STT
legendary
Activity: 4088
Merit: 1452
January 14, 2024, 04:42:46 PM
#40
Jim Cramer is just one noisy guy wavering his hands about alot and saying exciting things for his TV audience.  He is useful in reflecting the general public in some way, I dont think its directly inverse.   If you literally could do the opposite of what anyone was saying that'd be so useful but sadly not.   I think Cramer or anyone can be useful for telling you when popular opinion and the crowd is in the price hence we may be 'full' at that point.  If no further easy buyers are left to enter the price it might be the power swings back to the sellers, its a balancing scales  no manipulation imo.
hero member
Activity: 1022
Merit: 667
Top Crypto Casino
January 14, 2024, 04:30:29 PM
#39
Is there someone who can explain this so that what is happening can enter my logic and not believe in things that do not make sense?
There is also a lot of speculation that this is cothat bitcoin ETF applications will be rejected again?

But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight? Grin
10 days from January 3 before the ETF was approved and after the ETF was approved, Bitcoin price returned to $42K after rising high over the past few days.
A sign that there is still an opportunity to add as much Bitcoin as possible before the price rises high and reaches a new ATH.
The market is still sending signals to investors to make them continue to make every effort to increase the amount of Bitcoin in the portfolio.
Bitcoin price January 03 42,494.91 USDT. As of January 14 the price of Bitcoin was 42,581.80. This is what I mean by opportunity before $70K
At the moment, is best to buy more bitcoin at all time and also being able to continue with the accumulation at whatever interval possible, majority of the time, we have to take note of some important aspects that contribute to all of this expectations as regards to bitcoin ETF or bitcoin halven which is expected somewhere around march and April, all this could have both way impact onnrhe price of bitcoin and for that we have toake up our mind to always act along at an advanteguis mannar and at all time.

Most of those that thought that 45k was already an high price, now have the chance to buy bitcoin at the present 42k price which is significantly good enough if compared to the anticipated all time high price.
sr. member
Activity: 924
Merit: 325
January 14, 2024, 03:59:27 PM
#38
Is there someone who can explain this so that what is happening can enter my logic and not believe in things that do not make sense?
There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?

But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight? Grin
10 days from January 3 before the ETF was approved and after the ETF was approved, Bitcoin price returned to $42K after rising high over the past few days.
A sign that there is still an opportunity to add as much Bitcoin as possible before the price rises high and reaches a new ATH.
The market is still sending signals to investors to make them continue to make every effort to increase the amount of Bitcoin in the portfolio.
Bitcoin price January 03 42,494.91 USDT. As of January 14 the price of Bitcoin was 42,581.80. This is what I mean by opportunity before $70K
legendary
Activity: 2086
Merit: 1058
January 14, 2024, 01:51:51 PM
#37
I have read up about on having that possible two bull runs for this cycle on which there would really be some price bull run on this year and into the next. Dont know if its real but rumors would be rumors on which possibilities could really be that real or could happen. Now that we are nearing on Bitcoin halving season then bull run is really that near. First step that we are seeing now about on the current situation
which Bitcoin ETF had been approved already. We dont know if the price would really be shooting up even more or not, basing up on the current condition then we might be seeing that sudden surge or inflow of funds.
Now that the market does have tons of fundamentals that do really have circling around on which price movements or simply the volatility would really be that extreme.
I would guess that it would make the second one very very tough, but not impossible. For those who may not remember, in 2021 we technically had two bull runs, in 2021 of April or may, we peaked the price at actually 64 thousand dollars, that wasn't the all time high, that came in a few months later, at 68 thousand dollars somewhere around October if I am not wrong, but between those two, the price hit below 30 thousand dollars.

As you can see, it got from under 30 thousand, to 64 thousand, to under 30 thousand and to 68 thousand all within a year. I am not saying that will happen again, we do not know if that will happen again or not, we actually have no idea at all, but we do know that it's at least a possibility.
sr. member
Activity: 1498
Merit: 271
DGbet.fun - Crypto Sportsbook
January 11, 2024, 12:32:39 PM
#36
What is happening now in the market is clear: we are in a bullish trend right now, which normally happens when the price value of Bitcoin rises. The top altcoins also fall in the market. But that won't continue; that's normal.

In these situations, here is what we have learned in crypto trading that we have studied: if you know how to keep up with when you need to buy and sell, you will definitely be able to make a big profit in these scenarios in reality.

Regarding research, I'm still happy if bitcoin is in a better phase, but I'm still not sure about the "bull market" cycle because there are still doubts about it. The volatility in this market is like its seasoning. The influence from very funny news only shows that its scale is still very small. Before the news of ETF being approved, excitement/suspicion was compensated, and now it cannot be denied that it is the main reason for us to confirm the short-term bitcoin trend.

All our speculations will soon have answers, each person will have their own choice. I feel like it's almost time for bitcoin to enter a major bull cycle in 2024. Even though the fluctuations that may occur make it difficult for people to predict, this is an opportunity for us to take advantage of effectively results in investment plans.
I have read up about on having that possible two bull runs for this cycle on which there would really be some price bull run on this year and into the next. Dont know if its real but rumors would be rumors on which possibilities could really be that real or could happen. Now that we are nearing on Bitcoin halving season then bull run is really that near. First step that we are seeing now about on the current situation
which Bitcoin ETF had been approved already. We dont know if the price would really be shooting up even more or not, basing up on the current condition then we might be seeing that sudden surge or inflow of funds.
Now that the market does have tons of fundamentals that do really have circling around on which price movements or simply the volatility would really be that extreme.

Whats going on? This is really that a normal movement that we could have on this market.This is why it would really be that best that you should really know on how to make yourself that versatile
or really do able to make yourself that able to adjust on the time you would really be able to encounter it. Dealing up with this market
is never been that easy and if you would really be that be impulsive then it would really be ending up on having that potential problem that it could give.


In fact, if the SEC approves the Bitcoin spot, it is a sign that we may be in a minor bull run; just be careful of others who might get FOMO in the end. This is not the time to be short-term, except for scalpers who are well versed in these market scenes.

And in my opinion, we will have to wait a few more months, maybe for the result or because of the approval that happened yesterday on the applications that passed the SEC approval. I just hope that the allocations that will be allocated by each company that is approved will be large.
hero member
Activity: 3010
Merit: 794
January 11, 2024, 07:45:06 AM
#35
What is happening now in the market is clear: we are in a bullish trend right now, which normally happens when the price value of Bitcoin rises. The top altcoins also fall in the market. But that won't continue; that's normal.

In these situations, here is what we have learned in crypto trading that we have studied: if you know how to keep up with when you need to buy and sell, you will definitely be able to make a big profit in these scenarios in reality.

Regarding research, I'm still happy if bitcoin is in a better phase, but I'm still not sure about the "bull market" cycle because there are still doubts about it. The volatility in this market is like its seasoning. The influence from very funny news only shows that its scale is still very small. Before the news of ETF being approved, excitement/suspicion was compensated, and now it cannot be denied that it is the main reason for us to confirm the short-term bitcoin trend.

All our speculations will soon have answers, each person will have their own choice. I feel like it's almost time for bitcoin to enter a major bull cycle in 2024. Even though the fluctuations that may occur make it difficult for people to predict, this is an opportunity for us to take advantage of effectively results in investment plans.
I have read up about on having that possible two bull runs for this cycle on which there would really be some price bull run on this year and into the next. Dont know if its real but rumors would be rumors on which possibilities could really be that real or could happen. Now that we are nearing on Bitcoin halving season then bull run is really that near. First step that we are seeing now about on the current situation
which Bitcoin ETF had been approved already. We dont know if the price would really be shooting up even more or not, basing up on the current condition then we might be seeing that sudden surge or inflow of funds.
Now that the market does have tons of fundamentals that do really have circling around on which price movements or simply the volatility would really be that extreme.

Whats going on? This is really that a normal movement that we could have on this market.This is why it would really be that best that you should really know on how to make yourself that versatile
or really do able to make yourself that able to adjust on the time you would really be able to encounter it. Dealing up with this market
is never been that easy and if you would really be that be impulsive then it would really be ending up on having that potential problem that it could give.
sr. member
Activity: 1708
Merit: 295
https://bitlist.co
January 07, 2024, 03:15:53 AM
#34
What is happening now in the market is clear: we are in a bullish trend right now, which normally happens when the price value of Bitcoin rises. The top altcoins also fall in the market. But that won't continue; that's normal.

In these situations, here is what we have learned in crypto trading that we have studied: if you know how to keep up with when you need to buy and sell, you will definitely be able to make a big profit in these scenarios in reality.

Regarding research, I'm still happy if bitcoin is in a better phase, but I'm still not sure about the "bull market" cycle because there are still doubts about it. The volatility in this market is like its seasoning. The influence from very funny news only shows that its scale is still very small. Before the news of ETF being approved, excitement/suspicion was compensated, and now it cannot be denied that it is the main reason for us to confirm the short-term bitcoin trend.

All our speculations will soon have answers, each person will have their own choice. I feel like it's almost time for bitcoin to enter a major bull cycle in 2024. Even though the fluctuations that may occur make it difficult for people to predict, this is an opportunity for us to take advantage of effectively results in investment plans.
hero member
Activity: 1666
Merit: 453
January 06, 2024, 01:58:10 PM
#33
What is happening now in the market is clear: we are in a bullish trend right now, which normally happens when the price value of Bitcoin rises. The top altcoins also fall in the market. But that won't continue; that's normal.

In these situations, here is what we have learned in crypto trading that we have studied: if you know how to keep up with when you need to buy and sell, you will definitely be able to make a big profit in these scenarios in reality.
hero member
Activity: 1652
Merit: 569
Catalog Websites
January 06, 2024, 01:12:45 PM
#32
There will always be manipulations in the short term, mainly by brokers to capture money from people who operate under leverage.

This is truly a money-making machine for those who have a lot of money, as is the case with cryptocurrency brokers.

Yes unfortunately that's how the market operates, manipulations has been there and will always be there and it's upto us to decide whether we want to hodl on or reach and panic sell during the fluctuations and this varies from a person to person based on their requirement because a trader will follow the market trend and react quickly to stay on top of the profits while long term investors will not be bothered to make any move and short term investors might react but the ones leveraging will end up losing it all.
sr. member
Activity: 448
Merit: 688
In ₿ we trust
January 06, 2024, 01:00:48 PM
#31
There will always be manipulations in the short term, mainly by brokers to capture money from people who operate under leverage.

This is truly a money-making machine for those who have a lot of money, as is the case with cryptocurrency brokers.
sr. member
Activity: 1638
Merit: 339
January 05, 2024, 11:44:25 AM
#30
Yeah, you're right. It's possible that the price dropped to $42k because some whales were selling, and the buy walls were thin, which triggered a further drop. The good thing, though, is that we're back to 44k right now, and I expect we'll see 45k again soon.
Right now some people are waiting for the return of the $45K price in Bitcoin because in the past two days everyone who frequently monitors the market has probably seen the price of $42K and also the price of $44K again with market conditions still quite volatile in terms of volatility. I am also still quite sure that this month everyone will probably see Bitcoin above $45K again with a slow increase as has happened in the last few days for Bitcoin.
It is very possible that we see a price of $45K this month, it is very close to the current price and the positive trend in recent months allows it to continue.
Actually, I was a little surprised by what happened to the price of Bitcoin in recent times, I didn't expect this positive trend to continue for a long period of time without any deep correction, but I welcome this with great pleasure.
hero member
Activity: 1050
Merit: 844
January 05, 2024, 10:52:51 AM
#29
Yeah, you're right. It's possible that the price dropped to $42k because some whales were selling, and the buy walls were thin, which triggered a further drop. The good thing, though, is that we're back to 44k right now, and I expect we'll see 45k again soon.
Right now some people are waiting for the return of the $45K price in Bitcoin because in the past two days everyone who frequently monitors the market has probably seen the price of $42K and also the price of $44K again with market conditions still quite volatile in terms of volatility. I am also still quite sure that this month everyone will probably see Bitcoin above $45K again with a slow increase as has happened in the last few days for Bitcoin.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
January 05, 2024, 05:49:22 AM
#28
Jim Cramer remains undefeated. It’s beyond comical at this point how he can move markets just by giving his opinion. Granted he moves them the wrong way, but I’m not familiar with any analyst who has ever been so routinely incorrect that people are making a living just doing the opposite of what he says.
I trust you more than most people when it comes to bitcoin world, you have bene here more than most people have been even aware of bitcoin, so when you say something I do think that you have a point. But billions have shifted and you believe that Jim Cramer had something to do with this?

I really do not think so, I think it went up waiting for ETF, it didn't happen, so people got out that's as simple as that. Jim wasn't the main driver of this movement, ETF was, and I think that's normal, it has happened before as well. That doesn't mean to say that without ETF we can't go up, we have been through so much and without ETF we have managed to overcome most of it, so I do not think that there is a problem, it's all fine right now.
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
January 05, 2024, 03:49:06 AM
#27
What I believe is happening is that the price went up to $45k from $27k after the rumours about the Bitcoin spot ETFs getting approved, when people heard about that rumour and thought that it was true, they started buying expecting a big pump in the prices, ironically, that buying pressure did make the market go high. And now, when there are rumours again about the Bitcoin sport ETFs getting rejected or about to get rejected, retail investors are selling off in the fear of losing money or losing their profits.

The market probably wouldn't go much low because of this and it will also start recovering slowly after the rumours settle down, however, nothing can be done for the short-term dumps or corrections when there is good or bad news circulating in the market which is what's happening right now.

For those willing to buy, I don't think this is the correct time for that, maybe one can do DCA, but it probably isn't the best price as there can be a healthier correction than this before the halving.
full member
Activity: 1008
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★Bitvest.io★ Play Plinko or Invest!
January 04, 2024, 01:39:33 PM
#26
The way I see it, the latest drop in price had a lot to do with some doubtful rumors being spread around by one of those analysis company.  It's possible they were even trying to move the market for their own gain.  Fortunately it looks like traders are wising up to the tactic and prices seem to be bouncing back up again.

maybe that's true, I also think so that there will indeed be a dump before the approval of this ETF and indeed some media or analysis company speculation is one of the reasons why people panic, and short-term investors sell to make a profit, and indeed Jim Cramer is also a indicators that cannot be digested logically, after conveying their speculation, the market always responds to the opposite of what they convey on their social media accounts.

But I also have quite a question because the price fell to the $40k level, which is basically when bitcoin was starting to rise to $46k, but failed in a matter of hours and returned to its previous level.

Yeah, you're right. It's possible that the price dropped to $42k because some whales were selling, and the buy walls were thin, which triggered a further drop. The good thing, though, is that we're back to 44k right now, and I expect we'll see 45k again soon.
hero member
Activity: 2184
Merit: 599
January 04, 2024, 06:07:03 AM
#25
The way I see it, the latest drop in price had a lot to do with some doubtful rumors being spread around by one of those analysis company.  It's possible they were even trying to move the market for their own gain.  Fortunately it looks like traders are wising up to the tactic and prices seem to be bouncing back up again.

maybe that's true, I also think so that there will indeed be a dump before the approval of this ETF and indeed some media or analysis company speculation is one of the reasons why people panic, and short-term investors sell to make a profit, and indeed Jim Cramer is also a indicators that cannot be digested logically, after conveying their speculation, the market always responds to the opposite of what they convey on their social media accounts.

But I also have quite a question because the price fell to the $40k level, which is basically when bitcoin was starting to rise to $46k, but failed in a matter of hours and returned to its previous level.
legendary
Activity: 3178
Merit: 1054
January 03, 2024, 01:40:49 PM
#24

Jim Cramer they say has the information since he is close to someone from the SEC. i don't know how true this is but maybe he just wants to buy more before the approval so it must be worth it despite being hated by many. 

couldn't believe it dived down to $40,800. that's steep. i you have set a buy order at such price i guess you already have profited after the bounce. this is unexpected and only those rich guys did have the opportunity.
hero member
Activity: 1316
Merit: 787
Rollbit - The #1 Solana Casino
January 03, 2024, 01:34:22 PM
#23
Many claim that this is the Jim Cramer effect, which makes the market experience an unexpected decline, even myself this feels impossible and cannot be understood why there is a decline, is it because of Jim's posts that cannot be explained by logic.
Is there someone who can explain this so that what is happening can enter my logic and not believe in things that do not make sense?
There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?

But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight? Grin
The Bitcoin price correction that occurred within hours was caused by news related to the SEC's decision to reject the Bitcoin ETF.
The candle chart will rise again because this is not a big panic. When the sudden decline occurred because the price of Bitcoin on January 2 almost touched the $46k price level, traders must have been surprised because a sharp downward correction occurred in a short time so that almost all traded coins appeared in the red.

I was also surprised when I visited the market and saw red from the top to the bottom 10 coins that I bookmarked.
full member
Activity: 1008
Merit: 139
★Bitvest.io★ Play Plinko or Invest!
January 03, 2024, 01:29:28 PM
#22
The way I see it, the latest drop in price had a lot to do with some doubtful rumors being spread around by one of those analysis company.  It's possible they were even trying to move the market for their own gain.  Fortunately it looks like traders are wising up to the tactic and prices seem to be bouncing back up again.
hero member
Activity: 826
Merit: 641
Leading Crypto Sports Betting & Casino Platform
January 03, 2024, 01:26:12 PM
#21
It was like a film trick to me when I saw the value of Bitcoin and other cryptocurrencies some hours ago, this was heartbreaking. Nonetheless, I expected anything in the market at any time, only that it can't be so exciting to see one's assets plummeting in value, that is disheartening especially when it happens so fast.

I, nevertheless, did my best to search for the reason for the sudden sharp movement and I saw nothing satisfactory, or should I say specific about the situation. Many would say this and others would say another. However, most people were referring to the popular discouragement about the ETF as if the SEC would reject it, which tallies with my concern about this persistent rejection belief even before it happened.

This was what I believe sent the shockwave into the market, but thankfully, the effect has subsided. But it is possible that we are not out of the woods yet, I know how the market works, and if today's candlesticks across the market boards are not sent back to be positive, it might be an issue that could result in further bearish patterns and might last longer than anticipated.
hero member
Activity: 868
Merit: 952
January 03, 2024, 01:22:47 PM
#20
Don't worry too much this is just the effect of the ETF rejection, but now the SEC has called another meeting with some names to discuss a spot Bitcoin ETF.

I don't think the price has dropped significantly, if you look at the chart the price of $45K has only been three days while the sideway price is $43K now.
The ETF and SEC news has certainly triggered the price of bitcoin and this may be a little whale manipulating it I don't think it's too panic because this decline is not worse than you see.


This is just pure price manipulation that is playing so well due to the FOMO investors have created round this ETF of a thing. The rejection wasn’t even confirmed yet it was just rumor and the whole market exploded. This rumor is said to be even fake according to Eric Balchunas of Bloomberg who said there is no indication for this rejection but just like the fake news of its approval last here many people played in.

I don’t even think it is this news that trigger the fall of bitcoin price to $40k today but also the news that some miners had send some bitcoin to exchanges and we all know that it is for sell purposes as miners aren’t gullible to store on exchanges. Probably it was this sale that trigger the fall but regardless the news was just for short price manipulation and it did Played its part
hero member
Activity: 1400
Merit: 623
January 03, 2024, 01:01:42 PM
#19
Many claim that this is the Jim Cramer effect, which makes the market experience an unexpected decline, even myself this feels impossible and cannot be understood why there is a decline, is it because of Jim's posts that cannot be explained by logic.
Is there someone who can explain this so that what is happening can enter my logic and not believe in things that do not make sense?
There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?

This is pure just coincidence. The price keeps hovering from 45K to 40K level vice versa whenever there’s a potential approval news and no news at all. I assume that same people that keep FOMO buying at 40K level until 45K level are the same people that keep selling whenever there’s no news or Bitcoin movement is already reach an important resistance.

Probably it’s a smart trader eating fomo trader repeatedly. Smart trader buy when dip like this and sell at resistance while fomo trader are the one that keep buying after smart trader enter and sell at loss when the price is already nuke.
member
Activity: 672
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Looking for guilt best look first into a mirror
January 03, 2024, 12:51:45 PM
#18
All information apart from applying to get the ETFs going was purely speculation.
Hopium in high doses.

High finance has money in Bitcoin, a % of their spread.
As it so happens bitcoin, most crypto are also the storage of value easiest to sell.
mk4
legendary
Activity: 2870
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Paldo.io 🤖
January 03, 2024, 12:50:06 PM
#17
It was said they were spreading fud. Maybe its real but some are also saying the correction is inevitable and it's happening in a time after the new year. Its a bit confusing this time but a few more financial personalities are saying Gensler will deny it. It's just too unreal that they are allowing people to make money out in the open when as a matter of fact they are like Wall Street guys who want to have them all.

They were saying that announcing the ETF approval is like insider information, they doubt it will happen on the exact date of the announcement.

I mean you can't really call something "FUD" if it's just the opinion of one single analyst? Like, for instance if I said "I don't think the ETF will be approved lmao", it's just my opinion, not necessarily FUD. You guys seriously don't need to overanalyze everything with stuff like "it's just fud so wall street can buy lol!" or something like that. It's simply the fact that the market is over-leveraged, and this "news" caused a cascading liquidation.
hero member
Activity: 2800
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https://www.betcoin.ag
January 03, 2024, 12:42:21 PM
#16
tl;dr

  • MatrixPort analyst thinks that the ETF will likely be temporarily rejected
  • This analyst's opinion reached mainstream media
  • Market then panic sells their coins
  • The sells caused a liquidation cascade because there was so much money in long positions

It was said they were spreading fud. Maybe its real but some are also saying the correction is inevitable and it's happening in a time after the new year. Its a bit confusing this time but a few more financial personalities are saying Gensler will deny it. It's just too unreal that they are allowing people to make money out in the open when as a matter of fact they are like Wall Street guys who want to have them all.

They were saying that announcing the ETF approval is like insider information, they doubt it will happen on the exact date of the announcement.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
January 03, 2024, 12:20:51 PM
#15
tl;dr

  • MatrixPort analyst thinks that the ETF will likely be temporarily rejected
  • This analyst's opinion reached mainstream media
  • Market then panic sells their coins
  • The sells caused a liquidation cascade because there was so much money in long positions
sr. member
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Hire Bitcointalk Camp. Manager @ r7promotions.com
January 03, 2024, 12:13:34 PM
#14
Bitcoin ETFs are quite crucial for many people, they represent stability, it is expected that they can make new confirmations of approval, but nothing is certain, in the same way new bitcoin investors seeing this can generate more things to have money , That is to say, at some point they are going to approve them, there is no way for them to say no, the future is Bitcoin , and Bitcoin is the Easiest way to make money, but the big ones like microestrategy are not going to stop making money, So That's what we can make a difference.

When we think About doing other things, for example , Having the option to guarantee more bitcoin, we have to do it, ETFs are just one step, let's remember that the Bitcoin Halving is Coming and that is what should keep us on our feet, there is no way things can go Wrong like this, that's why we have to push Ourselves and make way for what may come to us, this is the only thing that can be seen.
tyz
legendary
Activity: 3360
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January 03, 2024, 12:07:50 PM
#13
Many claim that this is the Jim Cramer effect, which makes the market experience an unexpected decline, even myself this feels impossible and cannot be understood why there is a decline, is it because of Jim's posts that cannot be explained by logic.
Is there someone who can explain this so that what is happening can enter my logic and not believe in things that do not make sense?
There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?

But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight? Grin


Simple answer: The price of Bitcoin has risen massively since mid-October. The main reason was the rumors about the Bitcoin Spot ETF. An additional, but more marginal, reason was the possibility of interest rate cuts in 2024. As for the spot ETF, the SEC will make a decision on January 10. Many assume that it will be approved, but this is not yet certain. Today there were probably the first to sell. If the SEC decides against the spot ETF on January 10, the losses in Bitcoin will be even more significant.
hero member
Activity: 2506
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Eloncoin.org - Mars, here we come!
January 03, 2024, 11:53:23 AM
#12

Many claim that this is the Jim Cramer effect, which makes the market experience an unexpected decline, even myself this feels impossible and cannot be understood why there is a decline, is it because of Jim's posts that cannot be explained by logic.
Is there someone who can explain this so that what is happening can enter my logic and not believe in things that do not make sense?
There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?

But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight? Grin


There are currently no confirmed reports of Bitcoin ETF rejection.  as per my understanding this is deliberately creating fud in the market, so that other people panic and dump the market and these institutional buyers get cheap bitcoins.for those who hold fiat currency, this is definitely a great opportunity to buy Bitcoin as Bitcoin may go up again from here.

 All crypto currency prices have fallen with bitcoin and I think this is a great investment opportunity. it is also possible that the price of Bitcoin will go down further, so you should prepare yourself for that as well. If the approval of ETF is rejected, then you can get the price at a higher discount in the nights of the next few days apart from this night.
sr. member
Activity: 294
Merit: 433
HODL - BTC
January 03, 2024, 11:28:26 AM
#11
Don't worry too much this is just the effect of the ETF rejection, but now the SEC has called another meeting with some names to discuss a spot Bitcoin ETF.

I don't think the price has dropped significantly, if you look at the chart the price of $45K has only been three days while the sideway price is $43K now.
The ETF and SEC news has certainly triggered the price of bitcoin and this may be a little whale manipulating it I don't think it's too panic because this decline is not worse than you see.

Now just buy and HODL, simple as that. Cheesy
legendary
Activity: 2240
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A Bitcoiner chooses. A slave obeys.
January 03, 2024, 11:07:45 AM
#10
It is all very easy to explain. Whales are driving market manipulation through FUD news to lower the price of Bitcoin down, shake up the shakey hands and buy cheap coins just before the real ETF approval. Do not feed the whales by selling your Bitcoin. Although I personally see this as an excellent opportunity to jump on the bandwagen and buy some cheap Bitcoin from under the noses of the whales. I think everyone should be doing exactly that. It is something they do not expect.

Maybe they found out that the ETF approval date will be postponed and they are using this to their advantage.

HODL and buy. That is what I am doing.
hero member
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Catalog Websites
January 03, 2024, 11:02:14 AM
#9
This is because of fuds which is spread online that the spot ETF will be rejected and I am sure this is just temporary when it comes to Bitcoin. I am just wondering why do people fall for such fuds again and again. I see more damage being done just because of the rumor that the spot ETF will be rejected. We need to accept the fact that it can either be rejected or approve but that doesn't define the end of Bitcoin or something like that and it's just an event which will have positive impact on Bitcoin if it's approved that's all.
legendary
Activity: 2394
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Smart is not enough, there must be skills
January 03, 2024, 10:59:44 AM
#8
The price fell due to the rejection of the ETF by the SEC on the one hand Jim Cramer said bullish, on the other hand, this does not make sense in our minds but Jim Cramer's statement about bullish actually went down this is not a one-time or two-time occurrence when Jim Cramer said about bitcoin.

A few days ago the price was also around $42K why when there is no news is there no word when to buy? I think anyone can buy before the price touches the previous ATH.
I think some regret it when the price is $45K they say they missed it when the price went down wanting to go deeper, he was too unstable wanting to invest.
hero member
Activity: 994
Merit: 701
January 03, 2024, 10:46:51 AM
#7

Is there someone who can explain this so that what is happening can enter my logic and not believe in things that do not make sense?
There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?

The recent drop in market suggests that it could be a sign of rejection of the bitcoin ETF but the news is still not open to the public and there might be more speculations about it that is yet to be disclosed to the public. So many manipulations in the market these days. ETF is now causing manipulation to the market, we have the whales manipulation, government manipulation and also exchange manipulations. The market was doing very fine before this ETF saga came into the market, SEC now have much power because of this whole ETF situation thing.

ETF is the only one way the government will have a say in the market and when they saw how the market performed even after the bitcoin ETF got rejected the last time, they had to come back with a terminology to be amongst the biggest players in the space, hence they’ve joined them as manipulators. Politically, democrats are anti crypto to the core and if there is change of power to Republicans this coming November election in the US, the real bull run should take place in 2025.

Quote
But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight? Grin

Opportunities like this are what investors that mostly do DCA use to enter into the market to accumulate more bitcoins. We don’t know how dip the market will go further because the real cause of the crash in the market is yet to be unknown. If there’s no clear answer as to what happened to the market, we might experience more decline to the $37-38K support level in few days time. This is a good time to accumulate more, should the news go in favour of the market later, the market could remain balance again and subsequent movement upward is still achievable.
donator
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Leading Crypto Sports Betting & Casino Platform
January 03, 2024, 10:13:32 AM
#6
Jim Cramer remains undefeated. It’s beyond comical at this point how he can move markets just by giving his opinion. Granted he moves them the wrong way, but I’m not familiar with any analyst who has ever been so routinely incorrect that people are making a living just doing the opposite of what he says.
newbie
Activity: 16
Merit: 6
January 03, 2024, 09:59:29 AM
#5

Moreover, the SEC, by rejecting ETF, would violate the court's ruling wouldn't it?

The court's ruling was specific in that the SEC cannot "arbitrarily" deny the request.

They can still deny it as long as they have good reasons, those reasons need to be more substantial though than just the commissioners personal feelings on the subject.
legendary
Activity: 2156
Merit: 1622
January 03, 2024, 08:51:44 AM
#4
This is what caused the recent price that plummeted. We do not know which one would be true, but SEC was showing signs that Spot ETF for bitcoin would be approved until the recent analysts speculating what could make the price of bitcoin to decrease. People should know that as analysts can be right, they can also be wrong.

What will happen then? Probably all these companies (blackock, fidelity) will apply again and get another "final date", probably in June, and again the market will have something to grow on for the next 5 months Smiley

Moreover, the SEC, by rejecting ETF, would violate the court's ruling wouldn't it?
hero member
Activity: 1400
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January 03, 2024, 08:49:33 AM
#3
There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?
This is what caused the recent price that plummeted. We do not know which one would be true, but SEC was showing signs that Spot ETF for bitcoin would be approved until the recent analysts speculating what could make the price of bitcoin to decrease. People should know that as analysts can be right, they can also be wrong.
Yes this makes me feel confused whether I should believe which one, because we seem to be confused if there is a market like this approaching the decision to propose the ETF, even though we know that the halving will be our second hope to see that Bitcoin adoption will increase by itself.

But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight? Grin
If you want to buy and not sell for many months, this is the time to accumulate more. People that are using DCA can also still continue to buy. What that is most important is the halving and the expected all-time-high.
I no longer have a DCA fund, but I do still hold my bitcoins to this day and until BTC gets its highest ATH again this cycle, I am currently only using funds from my weekly and monthly income to accumulate BTC, so it's not a DCA strategy anymore that I am using these days. Smiley
legendary
Activity: 1512
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Leading Crypto Sports Betting & Casino Platform
January 03, 2024, 08:07:12 AM
#2
There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?
This is what caused the recent price that plummeted. We do not know which one would be true, but SEC was showing signs that Spot ETF for bitcoin would be approved until the recent analysts speculating what could make the price of bitcoin to decrease. People should know that as analysts can be right, they can also be wrong.

But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight? Grin
If you want to buy and not sell for many months, this is the time to accumulate more. People that are using DCA can also still continue to buy. What that is most important is the halving and the expected all-time-high.
hero member
Activity: 1400
Merit: 674
January 03, 2024, 07:58:53 AM
#1

Many claim that this is the Jim Cramer effect, which makes the market experience an unexpected decline, even myself this feels impossible and cannot be understood why there is a decline, is it because of Jim's posts that cannot be explained by logic.
Is there someone who can explain this so that what is happening can enter my logic and not believe in things that do not make sense?
There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?

But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight? Grin
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