Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Fivestar4everMVP on April 15, 2024, 09:51:03 PM
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I assumed this thread (https://www.altcoinstalks.com/index.php?topic=313408.0) to be the first on this subject, so, starting another thread inline with same subject, I decided to make this the version two of the same subject.
Personally, I feel the market should be pumping hard right, I mean, there are alot of catalyst to ensure the market is pumping, we have a lot of good news,
1. Bitcoin is just a few days to halving, shouldn't the excitement be driving investors to buying instead of selling?
2. Bitcoin and ethereum ETF got approved by the Hong Kong securities and futures commission, people should be buying bitcoin and major altcoins in large quantities instead of selling.
The above and many more are catalyst that should be driving the entire market up, but here, the reverse is the case, instead of the market pumping hard, it rather is dumping, bitcoin is currently between $62k and $63k from its initial $66k it was earlier today, eth also dumping, what exactly is going on?
In trading, some one defined Liquidation as a forceful transfer of wealth from traders that need levarage to wealthy spot buyers.
And this means that, if you are spot buyer, you've positioned yourself well for the huge run that is coming, as long as you don't fumble your bag, I still believe that the coming bull run will be one of the biggest in the entire history of crypto, those who sell now will completely miss out, while those who seize opportunities as this to add to their bag will make double or triple of what they were supposed to make.
And of course this is not a financial advice, we are all free to do with out bags as we please.
But if actually you are not selling but buying, then let's talk, I did love to know what you are buying, (if you don't mind sharing of course 😁).
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Bagging solana, RNDR, FET and of course bitcoin. I'm chasing their every dip. Including some meme coins like floki and Pepe once in a while but not my main focus. The major to me there is BTC cause of the low risk and RNDR cause of our history. When I had weak hand around 2022/2023 I bought RNDR for $0.56 and sold for $0.4 because of FTX, last year it got to $13 and I'm not missing this opportunity to buy this cheap.
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i'm up for cheaper altcoins actually. so i don't have to hurry and bag more in a single day buying spree. i just use my campaign fee every week to buy VET. seem to have worked at some point although since yesterday the dumps gets massive, its not dumping so hard since it pumped first before Iran rained their missiles.
the liquidation in the derivatives market is making those manipulators richer everything this happens. when one day i become a whale, i want to go against them aka like that gamestop guy. :)
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I think this dump made some people panic or it could also be a strategy to destroy greedy traders who opened long positions too quickly. We saw a few days ago the price of BTC was $70k but recently the dump to the $62k level is more than -10% and I don't think it will go lower than $60k until the halving happens.
I don't know for sure what made the market move like this... but it's still too early to sell BTC right now, because the halving hasn't happened yet and the party hasn't started yet... think of this small correction as the best bounce in BTC's journey reach even higher prices. Keep HODLing.
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This morning, I logged into BitcoinTalk and noticed that one of my locals regretted selling his Bitcoin. A couple of days ago he sold his BTC and invested in some altcoins. As the market is crashing, altcoins are the most affected. While Bitcoin is down 10% in the last seven days, some altcoins have gone down about 30% which is 3x than Bitcoin.
So, it is not only about holding. You have to pick the right coin and hold it till you make it. I was planning to sell some of my Bitcoin if we touch 75K before the halving, but it seems that will not happen anytime soon. At least if the war continues.
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The above and many more are catalyst that should be driving the entire market up, but here, the reverse is the case, instead of the market pumping hard, it rather is dumping, bitcoin is currently between $62k and $63k from its initial $66k it was earlier today, eth also dumping, what exactly is going on?
And of course this is not a financial advice, we are all free to do with out bags as we please.
But if actually you are not selling but buying, then let's talk, I did love to know what you are buying, (if you don't mind sharing of course 😁).
I think this correction is normal for several reasons:
1. The Halving and the potential for the FED to lower interest rates have been priced into the market, and the Halving could be a sell-the-news event, when investors want to take profits.
2. The uncertainty about the approval of ETH Spot ETFs in May as the SEC is investigating Ethereum.
3. The continuous and unsustainable rise of BTC price for over a year, a correction and re-accumulation is necessary for the market to enter a bullrun in a strong way.
I have not sold any crypto assets in my portfolio, my choice is to continue accumulating BTC and top ALTS. It cannot be said that I am happy that the market is entering a correction phase, I always want to see prices rise, but a correction is necessary for us to have a longer bullrun and a bigger altseason in 2025.
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1. Bitcoin is just a few days to halving, shouldn't the excitement be driving investors to buying instead of selling?
2. Bitcoin and ethereum ETF got approved by the Hong Kong securities and futures commission, people should be buying bitcoin and major altcoins in large quantities instead of selling.
I still believe very much that Bitcoin and followed by altcoins will rise again and skyrocket again, then meet a bullish point again. Yes, it's true that lately, the market is really bad and can be confusing, especially for beginners in crypto. But it's true, I totally agree with you. Don't sell, just hold tightly. because the journey is still quite long. As long as the coins we choose are coins that really promise holding, it's better to hold them tight. because there is still a chance to rise again after the halving. Just be patient, unless it is hype coins, then be prepared for any risks.
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I assumed this thread (https://www.altcoinstalks.com/index.php?topic=313408.0) to be the first on this subject, so, starting another thread inline with same subject, I decided to make this the version two of the same subject.
Personally, I feel the market should be pumping hard right, I mean, there are alot of catalyst to ensure the market is pumping, we have a lot of good news,
1. Bitcoin is just a few days to halving, shouldn't the excitement be driving investors to buying instead of selling?
2. Bitcoin and ethereum ETF got approved by the Hong Kong securities and futures commission, people should be buying bitcoin and major altcoins in large quantities instead of selling.
1. You are just thinking that the market "should" pump because of the halving is coming. The market is heavily driven by sentiments of the investors and right now, the sentiment isn't that good enough to pump the price of Bitcoin. Even the halving event coming isn't enough. Why are people selling? Taking profit is the safest answer for that. I mean those who sold Bitcoin are the ones who bought it at the bottom, and probably taking profit already. There's a chance that they will again buy for the bull run.
2. I don't think that the Ethereum and Bitcoin ETF that has been approved in HongKong is that huge enough for the market to move significantly.
But if actually you are not selling but buying, then let's talk, I did love to know what you are buying, (if you don't mind sharing of course 😁).
Bitcoin is the only one that I'm buying currently, but I'm thinking of buying 1 more altcoin before the bull run (maybe 2 TBH). I'm also thinking of participating in 1 to 2 airdrops thru supplying in a liquidity pool.
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1. Bitcoin is just a few days to halving, shouldn't the excitement be driving investors to buying instead of selling?
2. Bitcoin and ethereum ETF got approved by the Hong Kong securities and futures commission, people should be buying bitcoin and major altcoins in large quantities instead of selling.
I still believe very much that Bitcoin and followed by altcoins will rise again and skyrocket again, then meet a bullish point again. Yes, it's true that lately, the market is really bad and can be confusing, especially for beginners in crypto. But it's true, I totally agree with you. Don't sell, just hold tightly. because the journey is still quite long. As long as the coins we choose are coins that really promise holding, it's better to hold them tight. because there is still a chance to rise again after the halving. Just be patient, unless it is hype coins, then be prepared for any risks.
We are already in the bullish state, although if we look at it technically, there could be argument that the real bull run will occur right after the block halving. But then again, after the lowest low of $15,500-$73k, that is already a huge pump more than 300% or more if my math is correct.
So yeah, the mentally is to HODL and not sell up until the halving itself. And there are a lot of predictions in this bull run that we all will enter in 2024-2025 that it could be as high as $100k.
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What is happening is normal, and even if the price drops further, which I expect will happen (there may be a drop to the price of 52-57K$), this will not make me afraid at all, and I am optimistic about a strong rise in Bitcoin at any moment.
What happened was the liquidation of the positions of future traders, while the spot traders were not affected by what happened, and the long-term investor is not interested in everything that is happening in the market at the present time because the great rally has not yet begun.
We are very close to Halfling, and there is only one day left, and yet the decline continues, but this is nothing, and we only need some time until we see the real rise and a new ATH.
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1 more day to go for halving but I don't see any sign of strength in the market. 4h time frame shows us that the market is in the down trend but if you look in a weekly tf it shows us it will going to retrace. In my opinion, the halving is just a way for others to invest because they thought it will send up the price higher but in reality it's just a pull back in a 4h tf. So there is a high possibility that the price will go deeper to gather enough demand in order to boost the price higher and create another ATH.
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1 more day to go for halving but I don't see any sign of strength in the market. 4h time frame shows us that the market is in the down trend but if you look in a weekly tf it shows us it will going to retrace. In my opinion, the halving is just a way for others to invest because they thought it will send up the price higher but in reality it's just a pull back in a 4h tf. So there is a high possibility that the price will go deeper to gather enough demand in order to boost the price higher and create another ATH.
It's just a matter of time, as soon as Bitcoin goes up a couple of thousand dollars, more investors and buyers will flood the exchanges with buy orders because once we are past the halving event, everyone will have the impression that the bull run can start any time, so when they see even a little growth in Bitcoin, they directly start thinking that the bull run has started and they will start buying and that buying gives Bitcoin a kickstart for the bull run to go ahead and create a magnificent ATH.
There is very strong support at $60k, and Bitcoin hasn't (so far) managed to go much below that mark. If it manages to go below that, then there is a high chance that it will dip further, but if it doesn't do that, it will most probably recover.
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And of course this is not a financial advice, we are all free to do with out bags as we please.
But if actually you are not selling but buying, then let's talk, I did love to know what you are buying, (if you don't mind sharing of course 😁).
You are right this is the best time to fill our bags, although at the time of writing this post, BTC has recovered back to $64k but just some hours ago it was on $60k as well. This indicates it is highly volatile at the moment, and its dominance is decreasing, and increasing due to many factors. Well, speaking of filling bags and making a good profit, I prefer to hold ETH, AVAX, AIX, C98, and Matic. These coins will make us some good returns.
There are more on the list, but that would be a burden as fewer funds can't be invested in all of these tokens present in the market, so let's just focus on 4 or 5. I have invested in C98, AVAX, Dot, Link, ETH, and Deso, Planning to invest in APT as it can touch $20 easily and it showed great potential last time (like a few days ago). In terms of alts, holding is the only option I have because currently alts are bleeding and I am at lose, but in the long run I know ALTs season is going to start and I am eagerly waiting for that.
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1 more day to go for halving but I don't see any sign of strength in the market. 4h time frame shows us that the market is in the down trend but if you look in a weekly tf it shows us it will going to retrace. In my opinion, the halving is just a way for others to invest because they thought it will send up the price higher but in reality it's just a pull back in a 4h tf. So there is a high possibility that the price will go deeper to gather enough demand in order to boost the price higher and create another ATH.
Boom, We have been through the halving for almost a month, but it seems there is no good news that can trigger an increase in the price of bitcoin, in fact after the halving occurred the price of bitcoin tended to fall. This is a pretty bad halving history because Bitcoin has no support for another price increase.
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- To those who believe in Bitcoin, they should really not let go of holding it, especially now that it is better to buy because we are still in the correction. I mean, it's better to do DCA for potential cryptos that we think can make a profit.
Just be patient in waiting while we hold Bitcoin or cryptocurrency. They say, Right, when there's a pan, there's a stew. This is just one of the sayings that most people in our country believe.
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1 more day to go for halving but I don't see any sign of strength in the market. 4h time frame shows us that the market is in the down trend but if you look in a weekly tf it shows us it will going to retrace. In my opinion, the halving is just a way for others to invest because they thought it will send up the price higher but in reality it's just a pull back in a 4h tf. So there is a high possibility that the price will go deeper to gather enough demand in order to boost the price higher and create another ATH.
Boom, We have been through the halving for almost a month, but it seems there is no good news that can trigger an increase in the price of bitcoin, in fact after the halving occurred the price of bitcoin tended to fall. This is a pretty bad halving history because Bitcoin has no support for another price increase.
I believe that many people get disappointed by the halving and might think this would be the worst halving history. But for me, we can't tell yet if this would be really the worst because we still in the bullish market. And what we see in the market now is just a retracement and the retracement was not yet finished. There is a lot of zone in the bottom where the price possibly go, not only the literal SNR but also the imbalances and swing points. I see a lot of imbalances below and it's not filled yet. There is a high chance that the price will hit that area before the price explodes.
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I believe that many people get disappointed by the halving and might think this would be the worst halving history. But for me, we can't tell yet if this would be really the worst because we still in the bullish market. And what we see in the market now is just a retracement and the retracement was not yet finished. There is a lot of zone in the bottom where the price possibly go, not only the literal SNR but also the imbalances and swing points. I see a lot of imbalances below and it's not filled yet. There is a high chance that the price will hit that area before the price explodes.
Why the disappointment? Never in the history of Bitcoin had we had pump immediately when the halving occur, I have check the chart and it was a year later that we do have the bull run but somehow, a lot happened in this cycle that institutional investors are controlling the market, they don't want to see their investment go down and they are holding it from collapse.
Another thing you should put into consideration is that there must be a correction else no one would be confident about the bull run and right now, the market is doing the opposite and if it remain like this, there is no certainty yet about bull run but in the future, something must happen.
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I believe that many people get disappointed by the halving and might think this would be the worst halving history. But for me, we can't tell yet if this would be really the worst because we still in the bullish market. And what we see in the market now is just a retracement and the retracement was not yet finished. There is a lot of zone in the bottom where the price possibly go, not only the literal SNR but also the imbalances and swing points. I see a lot of imbalances below and it's not filled yet. There is a high chance that the price will hit that area before the price explodes.
Why the disappointment? Never in the history of Bitcoin had we had pump immediately when the halving occur, I have check the chart and it was a year later that we do have the bull run but somehow, a lot happened in this cycle that institutional investors are controlling the market, they don't want to see their investment go down and they are holding it from collapse.
Another thing you should put into consideration is that there must be a correction else no one would be confident about the bull run and right now, the market is doing the opposite and if it remain like this, there is no certainty yet about bull run but in the future, something must happen.
All kinds of whale investors invest only when they see the market stable. Because they realize then that they are in the safe zone enough. Because they know that if they invest in volatile market then they can face loss. whale investors never lose because their investment is able to move the market in different directions, but if the market goes down after their investment, it will be very difficult to recover. for this they don't always invest and when they do the market booms
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I believe that many people get disappointed by the halving and might think this would be the worst halving history. But for me, we can't tell yet if this would be really the worst because we still in the bullish market. And what we see in the market now is just a retracement and the retracement was not yet finished. There is a lot of zone in the bottom where the price possibly go, not only the literal SNR but also the imbalances and swing points. I see a lot of imbalances below and it's not filled yet. There is a high chance that the price will hit that area before the price explodes.
Why the disappointment? Never in the history of Bitcoin had we had pump immediately when the halving occur, I have check the chart and it was a year later that we do have the bull run but somehow, a lot happened in this cycle that institutional investors are controlling the market, they don't want to see their investment go down and they are holding it from collapse.
Another thing you should put into consideration is that there must be a correction else no one would be confident about the bull run and right now, the market is doing the opposite and if it remain like this, there is no certainty yet about bull run but in the future, something must happen.
This halving year is different from past Bitcoin halving. As we can see in the history from the first halving to the third, new ATH only happen after halving, which did not occur in this halving year. People expected the new ATH to occur after the halving based on past halving, but instead, it occurred before the halving. We noticed that when the price creates a new ATH, there is a high probability that the price will explode because there is no obvious resistance above that has to be broken, which has been true in past halving. And this may be the reason why many are disappointed, because I noticed many complaints if this would be the end of bull market.
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1. Bitcoin is just a few days to halving, shouldn't the excitement be driving investors to buying instead of selling?
Halving has taken place but we have not seen any beneficial effect of halving but if someone wants to accumulate Bitcoin and other coins then they can assume current situations as beneficial days just to hold some of the desired coins.
People were very excited for halving but now only experts have believed that the market will recover to give them their money with elevated worth.
Current worth is not suitable for selling but you can make it a phase that will be full of advantages therefore don't sell but take a step against it like you can buy now to convert fearful situations into Fruitful situations.
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Buy the dip sell the ATH and buy the cheap again in the period waiting for bitcoin to come down again. I am always interested to buy bitcoin and hodle and this days I am buying for short term and not for long term and it is for personal reasons and I am doing that because of the time, period and the season. Then after now I will invest in the long term. I always buy the slide decreased of the market and sell when it goes up like 3% to 4% increase of the market. I think in the market it is not always good to buy buy and not selling. You buy and sell to make profit.
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Buy the dip sell the ATH and buy the cheap again in the period waiting for bitcoin to come down again. I am always interested to buy bitcoin and hodle and this days I am buying for short term and not for long term and it is for personal reasons and I am doing that because of the time, period and the season. Then after now I will invest in the long term. I always buy the slide decreased of the market and sell when it goes up like 3% to 4% increase of the market. I think in the market it is not always good to buy buy and not selling. You buy and sell to make profit.
That's right, the right way to make a profit when trading is that we have to buy coins when the price falls, when the price has risen then we will sell it at a high price, never be influenced by market conditions, when the price rises never buy because that will makes us trapped in high prices.