Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: JordanKing on December 06, 2022, 12:41:45 PM
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The Commodity strategist of Bloomberg named Mike McGlone claims that the reversal of the trend in the crypto market may take some time to happen. Also, he said that the worst of the crypto winter might be behind us.
As per Coinpedia's latest Article, in the recent interview along with Stansberry Research, McGlone stated that we might be in the final stages of the current bear market, and generally these type of bear markets will make you lose your hair and take money from everybody and they will be volatile and difficult.
Do You Share the same thoughts as McGlone? Would be pleased to hear from your side.
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Some analysts, having analyzed the charts of the movement of the price of bitcoin, believe that bitcoin may soon begin to move up and reach the price of 110 thousand dollars. Therefore, it is clear that we have already passed the worst time of the current crypto winter. If there is no more bad news for the cryptocurrency again, then the market may begin to grow in the near future. The only question is when this will happen. Let's hope it's soon.
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Thinking that the cryptocurrency market is around the final stages of the current bear market shouldn't be much of a surprise. Bitcoin has dropped -75.4% from the last ATH of $69k so even if the market will still drop, I do not think it will be much, however, I think it could still go down before we will see a true recovery.
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From someone who is also observing the cryptocurrency market and who is so aware of the many bad and good developments affecting the overall market, I would say that things are indeed starting to get solid and there is a big chance that soon we can see the reversal of the trends. Of course, we are all hoping for this to happen if not this month then at least at the first quarter of 2023 but knowing how this industry is operating we still have to be pare pared for the worst and be wishing for the best.
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Something is not at all clear. First, McGlone says that the crypto winter is over. Then he says that there is more to come. In fact, I think that the rise of the cryptocurrency market is ahead and we will see an uptrend in the month of January, February, March.
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Something is not at all clear. First, McGlone says that the crypto winter is over. Then he says that there is more to come. In fact, I think that the rise of the cryptocurrency market is ahead and we will see an uptrend in the month of January, February, March.
McGlone can be said to be a spreader of FUD which has the goal of destroying the price of Bitcoin and other cryptocurrencies so that it will get him the opportunity to buy cryptocurrency coins at cheap prices, for professional traders they must already understand what McGlone is doing and will take advantage of this moment with good.
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Something is not at all clear. First, McGlone says that the crypto winter is over. Then he says that there is more to come. In fact, I think that the rise of the cryptocurrency market is ahead and we will see an uptrend in the month of January, February, March.
Yes, I think that is something that is not so clear in the reporting. Maybe the man is saying that we can entering the last stage of the crypto winter but it can be taking some time before we can again experience the so-called bull run. So maybe in the first months of 2023, we can be into a doldrum - a very boring phase in the crypto market where not much volatile movements can be seen. Now, this is just a pure speculation on my part since I do not have any means to see the specific future so I can only guess.
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Well, in 2023 the crypto market has picked up a lot. Bitcoin has risen in price to $45,000, and altcoins are also starting to rise. In three months, in April, we expect the next Bitcoin halving. This leaves a positive imprint on the current movement of the cryptocurrency market. In the second half of 2024, Bitcoin should grow to about one hundred thousand dollars.
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I go with the flow in buying crypto. Every month I make purchases and I use them for long-term investments. No matter the media or news that says negative things about crypto because my goal is to use crypto for the long term.
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I go with the flow in buying crypto. Every month I make purchases and I use them for long-term investments. No matter the media or news that says negative things about crypto because my goal is to use crypto for the long term.
When you do that, the steps you choose are very smart because no one knows the price movement of cryptocurrency. No one knows what price it will reach. If you look 10 years ago, the price of Bitcoin was still very cheap, whereas currently the price of Bitcoin is very expensive, which is what causes cryptocurrency to be very expensive. suitable for investment.