BTC price

[famososMuertos]

Each cycle is a training in decision making and in what strategy they work to my interests. There will be interesting moments in the +60k ranges, which is the difficult range to sustain, for now the 50k holds, and the short sellers have started the game in that range.

[UNIVERSE]

Economist and gold bug #PeterSchiff has warned that the current #bitcoin price surge looks like "another classic pump-and-dump.

Your thoughts?

It's no longer a secret and it's a common thing about prices like that. Bitcoin prices will not always increase continuously, there will definitely be a market correction. So, how big the dump or pump is is what we have to observe. If it is for long term holding, this will not have an impact. because we already have our own price target and we are just waiting for the time. However, for shorters or traders, there are definitely separate considerations. So, it is not a problem to face this pump and dump of Bitcoin prices. Yes, just take advantage of the opportunities as much as possible. Meanwhile, we believe that even after a dump, there will definitely be pump lag. So, it's just a matter of how we can optimize the existing opportunities to get profits from here. So, there's no need to panic. Once again, don't panic.

[Tribalchief]

The crypto community is a space where freedom of speech is open to everyone. Anyone can make comments and share predictions or suggestions about any particular matter. In light of what has been said, this might be true, as we've observed similar situations over the years. Everyone in this space is certainly here for profit, meaning some people might want to capitalize on the price by selling, potentially leading to a price dump.

It could also be that the recent surge is a positive effect of the approval of the spot Bitcoin ETF last month. Different things happen for different reasons especially when it comes to making profit.

[TopT3ns]

Each cycle is a training in decision making and in what strategy they work to my interests. There will be interesting moments in the +60k ranges, which is the difficult range to sustain, for now the 50k holds, and the short sellers have started the game in that range.

Bitcoin price movements are very unstable, but currently the price is more than $50k, and it seems like it will be easy to reach $60k, but it still takes quite a long time, and of course the process that must be gone through is not easy. But when the price reaches ATH, you should immediately sell it because usually when it is at its peak price, it has the potential to fall to the bottom price. I am not making you afraid; I just advise you to always be alert and not be too late to take profit.

[Faisal2202]

Economist and gold bug #PeterSchiff has warned that the current #bitcoin price surge looks like "another classic pump-and-dump.

Your thoughts?

I don't follow Peter Schiff and don't really know if he says it or not so you should give a link to the post where he says that. And my POV on Pump & Dump is, that it is happening all the time, people are trying spoofing, and whales might be the ones getting benefits from spoofing by P&D the market. The market is not so volatile either that we declare it as manipulation. Because we can't manipulate the BTC as easily as we can manipulate the price of ALTs (the ones with lesser M.cap). As we can see the M.Cap of BTC is more than $1 trillion and it makes it almost less reactive to P&D schemes.

But yeh it is possible that this is happening in the market but we are investors, should not focus on what is happening in hours, or days, investors don't really react to such short-term ups and downs, In the long run, we do know BTC is going to make an ATH.

PS: I am not a big investor haha.

[Cryptsafe]

You should know that when ever there is a shift or rise in Bitcoin price, there are some actors who are ready to fomo and fud for weak hands to dump for them to bag more. They already know that bull run is around the corner and as a matter of fact, people have started holding more Bitcoin as the price gradually begins to increase. In other for them to gather more at the cheapest price, they decide to spread fud and fomo so that there would be a dump for them to by more while waiting for the bull run which already started.

I believe investors and purportedly called weak hands are now wise enough to know the Bitcoin market terrain and happenings on how to handle situations of this nature. I do not see any dump in price but rather pump in price and value of Bitcoin as it is near bull run.