any suggestions?
I am sure now this is the Bottom and BTC now gains some power.Let's just hope that Bitcoin will move the same as you have stated.
It is expected that the approval of ETF will take more time to show results, and there may be some higher officials who still disagree with the SEC's decision.Indeed. It probably takes time to show the impact of Bitcoin ETF.
The market is volatile, so we cannot be certain if this is the bottom. However, the approval of Bitcoin can be viewed as another obstacle that has been overcome.The bottom is clear, it was in 2022 when the price below $20k. Now, the price of Bitcoin is above $40k. It doesn't makes sense to claim it as the bottom anymore.
I am sure now this is the Bottom and BTC now gains some power.Prepare yourself to see higher high and high low. We are already in that moment where you should be firm in accumulation becausw if you do not do it so, you might wait again for another cycle. But at the time, even if we are sure or aware that we might not see the bottom anymore for this cycle. Still, do not be lighted up by your emotion because when emotions are high, we cannot decide properly. Set your targets for this bull market and plan also what is your next move afterwards.
Prepare yourself to see higher high and high low. We are already in that moment where you should be firm in accumulation becausw if you do not do it so, you might wait again for another cycle.I don't really understand what you mean. But we are still in the very beginning of the peak, it is not the time to see the highest rate. So, why we think about accumulation now? It is not the time to sell the coins yet. Even some people are probably still collecting some coins for the peak. We shouldn't be afraid of missing the peak right now.
But at the time, even if we are sure or aware that we might not see the bottom anymore for this cycle. Still, do not be lighted up by your emotion because when emotions are high, we cannot decide properly. Set your targets for this bull market and plan also what is your next move afterwards.Every time we buy coins, we must set a target for exit (take profits). It is just very careless if there are people who invest in crypto coins without specific targets. I myself already have a target in the first year of bearish season (2022). This is a normal way in crypto investment that every one must do. Never invest if you have no targets.
I mean, although the Bitcoin ETF has been officially approved, there are still two commissioners who remain opposed to its approval. This means that despite the recent official announcement, not everyone voted in favor of the approval. It's possible that debates may arise due to this decision in the future. Anyway, this is just one of those possibilities and maybe a few reasons why there are still people who are doubting investing in Bitcoin.It is expected that the approval of ETF will take more time to show results, and there may be some higher officials who still disagree with the SEC's decision.Indeed. It probably takes time to show the impact of Bitcoin ETF.
What higher officials do you refer to? Although they disagree with SEC decision, they can't do anything because it is officially announced. I also believe that most higher officials should be happy with the decision, that's why SEC approved it. If they disagree, SEC probably won't announce to accept it.
I am sure now this is the Bottom and BTC now gains some power.Don't miss this opportunity, as I did in 2021. We will eventually be able to demonstrate that cryptocurrency can truly alter people's lives. If you invest today, you will not regret it later. Just invest what you can afford to lose, or invest your spare money, so you don't have to withdraw if it takes a long time to generate a profit. If you see it coming, grab some bags. I believe that after the pullback of Bitcoin, it will rise impulsively, including altcoins.
I am sure now this is the Bottom and BTC now gains some power.Those of us who are aware of bitcoin's potential would like to seize any chance to buy at a discount when prices are low. Could you make a comparison between the January price of bitcoin this year and the January price of last year when this post was made? If the math is done, the price differences(gains) are significant from last year investment when bitcoin was below $21k, till today's price when bitcoin is $39k.
The entire crypto market is in between this dump which seems to be a really taking a long time to recover.
With the slight recovery now do you think this is the end of this bearish dump and we see another bullish run or it's too early to think about that.. any suggestions?
I am sure now this is the Bottom and BTC now gains some power.Yes your comment is correct. The price of bitcoin was down to gain its strength. By 2024, the current Bitcoin price has crossed $42,000. Which is likely this year to reach $100,000 as a bull market surge. In fact it acts like a godfather in the cryptocurrency world. What are your ideas?
In 2022, the market is dumping due to the disappearance of various ATH tokens. More altcoins including Luna and FTX were wiped out from the market, causing all markets to fall and Bitcoin price touching $15500. And in the span of just one year from January 2023 to January 2024, the Bitcoin market rebounded again and touched $48,000. So I would like to say that such an upward trend in Bitcoin attracts investors. That's why we consider the Bitcoin market dumping as an investment opportunity because the Bitcoin market is sure to rise.When compared, the price of Bitcoin in 2022 and now is really very different. Imagine how many investors accumulated in that year, surely their portfolios would have swelled. Well, this is indeed one of the powers of investing or holding Bitcoin. There is no need to doubt it, as long as you understand when to buy and then hold, then the results will be in line with expectations, or even above our expectations. This will be much better if we still wait until the peak of the bullrun occurs. Because you want to get the highest ATH for high profits too.
There is no need to doubt it, as long as you understand when to buy and then hold, then the results will be in line with expectations, or even above our expectations.Unfortunately, some, or more people doesn't know when to buy and until when they have to hold their coins especially if a huge dump happens.
In fact, many people fail to realize that trading is not as easy as imagined... in theory it is just buying at a low price and selling at a high price, or holding to avoid losses, but it turns out that is difficult to do. Many people still suffer losses due to not using careful calculations and are easily influenced by their own emotions.There is no need to doubt it, as long as you understand when to buy and then hold, then the results will be in line with expectations, or even above our expectations.Unfortunately, some, or more people doesn't know when to buy and until when they have to hold their coins especially if a huge dump happens.
, it's always the fomo who taken the minds of majority, "maybe this might happen or maybe that", people can't avoid those thoughts and the results — always loss, or have a profit but not that much.
Unfortunately, some, or more people doesn't know when to buy and until when they have to hold their coins especially if a huge dump happens.
[...]Making mistake is inevitable ;)
People do these things because they are beginners in the crypto market. Some veteran members also make these mistakes. Just because we don't know the future, we make these mistakes.
People do these things because they are beginners in the crypto market. Some veteran members also make these mistakes. Just because we don't know the future, we make these mistakes.This may be a normal situation. However, looking back, there may still be a difference between beginners and those who are old in the crypto space. For beginners, because of their ignorance or because of their panic, it is easy for them to make very hasty decisions when the Bitcoin market crashed quite drastically at this time. Yes, panic sells happen very often, especially among beginners who are increasingly worried that Bitcoin prices will continue to fall and won't be able to rise again.
People do these things because they are beginners in the crypto market. Some veteran members also make these mistakes. Just because we don't know the future, we make these mistakes.This may be a normal situation. However, looking back, there may still be a difference between beginners and those who are old in the crypto space. For beginners, because of their ignorance or because of their panic, it is easy for them to make very hasty decisions when the Bitcoin market crashed quite drastically at this time. Yes, panic sells happen very often, especially among beginners who are increasingly worried that Bitcoin prices will continue to fall and won't be able to rise again.
As for veterans, perhaps they will never be free from mistakes like this. However, they should usually be wiser and more careful in making decisions to cut off or remain holding. Because usually, shareholders have certain targets to achieve.
This may be a normal situation. However, looking back, there may still be a difference between beginners and those who are old in the crypto space. For beginners, because of their ignorance or because of their panic, it is easy for them to make very hasty decisions when the Bitcoin market crashed quite drastically at this time. Yes, panic sells happen very often, especially among beginners who are increasingly worried that Bitcoin prices will continue to fall and won't be able to rise again.
As for veterans, perhaps they will never be free from mistakes like this. However, they should usually be wiser and more careful in making decisions to cut off or remain holding. Because usually, shareholders have certain targets to achieve.
Experience they say is the best teacher and patience they also say is virtue.This may be a normal situation. However, looking back, there may still be a difference between beginners and those who are old in the crypto space. For beginners, because of their ignorance or because of their panic, it is easy for them to make very hasty decisions when the Bitcoin market crashed quite drastically at this time. Yes, panic sells happen very often, especially among beginners who are increasingly worried that Bitcoin prices will continue to fall and won't be able to rise again.
As for veterans, perhaps they will never be free from mistakes like this. However, they should usually be wiser and more careful in making decisions to cut off or remain holding. Because usually, shareholders have certain targets to achieve.
Sometimes we know that a newbie is making a mistake, but we cannot tell them not to do it because it is a financial matter. We cannot take risks in other financial matters. Imagine someone is going to sell now because Bitcoin is crashing at this moment, if you ask them not to sell and Bitcoin crashes further, he will start to blame you because you asked him not to sell his bitcoin. Even though we know the market will be normal again and Bitcoin will gain over time, they will still blame you and sell at a lower price. However, the person will buy again when he sees that Bitcoin has started to pump again. These things happen to all of us. LOL. Bitcoin is not for people who do not have patience.
But when you allow them make these mistakes, they'd see things in your own perspective when you try to explain how these things work to them and they'd possibly understand because they'll want to avoid the same mistake that led them to incur those losses.
-snip-Selling or not actually depends on whether it includes the target you want to achieve or is still far enough.
I have a little story where one of my closest friends said "Bro, I cannot tell you what to do because it's your own money." I asked one of my friends if I should sell at 70K because I thought that we might see some corrections and that it might take a couple of weeks to recover. But, my friend said bro, this is pre-bull run. The bull run is yet to come. So, think before you do anything.
I should practice this as well. But most of the time, I end up giving suggestions to my friends.
I have a little story where one of my closest friends said "Bro, I cannot tell you what to do because it's your own money." I asked one of my friends if I should sell at 70K because I thought that we might see some corrections and that it might take a couple of weeks to recover. But, my friend said bro, this is pre-bull run. The bull run is yet to come. So, think before you do anything.
I should practice this as well. But most of the time, I end up giving suggestions to my friends.
People often get such opportunities but they can't make up their minds obviously because the market is unpredictable, if you sell at $70k and then it goes up instead of going down, you will regret your decision badly. So it's hard to make such decisions, to be honest.
Indeed, experience is something that is very valuable, because from experience we can learn. But more specifically, it will also depend on the person's personality, in assessing what happens to them and learning from experience. So this will give rise to quite a variety of decisions in the future. experience in trading, especially bad experiences, definitely not just 1 or 2 times, of course many times, and this is sometimes what makes us stronger and understand how to analyze and organize strategies in trading. The note is: we can really take lessons from this experience.This may be a normal situation. However, looking back, there may still be a difference between beginners and those who are old in the crypto space. For beginners, because of their ignorance or because of their panic, it is easy for them to make very hasty decisions when the Bitcoin market crashed quite drastically at this time. Yes, panic sells happen very often, especially among beginners who are increasingly worried that Bitcoin prices will continue to fall and won't be able to rise again.
As for veterans, perhaps they will never be free from mistakes like this. However, they should usually be wiser and more careful in making decisions to cut off or remain holding. Because usually, shareholders have certain targets to achieve.
I agree, the more we involved ourselves in the market, the more we become aware of what is right or wrong. So for us, we don't panic, we validate first what is going out in the market before we make that decision to sell or not.
So not going to be easy even for those experience but at least with our experience, most likely we are not going to panic sell and let everything subside and settle down and it could be a win win if everything turns out that the dip is just the normal volatility that we are seeing in the market.
Sometimes we know that a newbie is making a mistake, but we cannot tell them not to do it because it is a financial matter. We cannot take risks in other financial matters. Imagine someone is going to sell now because Bitcoin is crashing at this moment, if you ask them not to sell and Bitcoin crashes further, he will start to blame you because you asked him not to sell his bitcoin. Even though we know the market will be normal again and Bitcoin will gain over time, they will still blame you and sell at a lower price. However, the person will buy again when he sees that Bitcoin has started to pump again. These things happen to all of us. LOL. Bitcoin is not for people who do not have patience.It's quite a disaster when your heart's intention is to advise or give advice to someone. Because the situation may be different from ours. However, at least, the book provides some sharing of information so that people can be more open in their views and thoughts before deciding on something. because sometimes, they are only attracted by various influencers who definitely only spread sweet things. Meanwhile, we at least also provide balanced information about things that are risks too. And how to respond to panic attacks more calmly. So whatever happens to the market, we at least don't need to panic or get caught up in FOMO.
To be honest, I don't care as long as I am at a loss like some others. My average accuiring price is around 40 to 45K and as you can see, we are still above that range. I have sold around 0.01 BTC at 70K because I needed that for Jakah and Eid. For now, I am holding tight because I don't need emergency cash for anything.
I often miss the opportunity because I do not hold fiat at all. 94% of my portfolio is Bitcoin only and the other 6% are some altcoins like Dot, AVAX, and some others. I am glad that I didn't exchange my Bitcoin for altcoins. Because A lot of my locals regretting their decision now.
The idea that ALT coin means bad or ALT coin means less reliability is wrong. Everything has pros and cons and we must find the pros and use the best coins for our investment. If we are not very good at finding good coins in the market, then we should get good at it first. If we invest in the wrong coin instead of investing in the right one due to our own lack of skill and then blame all the ALT coins in the market for the losses then it will definitely be wrong for us. Instead of investing in the wrong coins in the market, invest in the right coins in the market and wait and hope that the results will not go against.
To be honest, I don't care as long as I am at a loss like some others. My average accuiring price is around 40 to 45K and as you can see, we are still above that range. I have sold around 0.01 BTC at 70K because I needed that for Jakah and Eid. For now, I am holding tight because I don't need emergency cash for anything.
I often miss the opportunity because I do not hold fiat at all. 94% of my portfolio is Bitcoin only and the other 6% are some altcoins like Dot, AVAX, and some others. I am glad that I didn't exchange my Bitcoin for altcoins. Because A lot of my locals regretting their decision now.
Switching to altcoin is not bad either it depends on what altcoin you are going to hold since this is not altcoin season yet we can maybe see those altcoins that have not performed well recently might skyrocket in altcoin season. That is why keep diversify is a good idea pretty but to those who regret but if they believe that they hold a precious one they should keep holding it until altcoin season come.
Switching to altcoin is not bad either it depends on what altcoin you are going to hold since this is not altcoin season yet we can maybe see those altcoins that have not performed well recently might skyrocket in altcoin season. That is why keep diversify is a good idea pretty but to those who regret but if they believe that they hold a precious one they should keep holding it until altcoin season come.
It is not a bad idea only if they can pick the right coin. But people end up investing in a coin that pumped most recently and they think that the coin will pump further. Unfortunately, that is the mistake beginners make. Some of my locals bought Mavia that already pumped a lot and they thought it would pump further.
But due to the recent price correction, the market is crashing and those unnamed altcoins also crashing. Most of the unnamed altcoins lose more than 30% in the last couple of days. Even a coin like AVAX lose 30% in the last few days.
The entire crypto market is in between this dump which seems to be a really taking a long time to recover.the bottom did not stopped there because you have posted this after the halving effect in which the end of the bullrun and yeah the bear market is the thing when this thread was created.
With the slight recovery now do you think this is the end of this bearish dump and we see another bullish run or it's too early to think about that.. any suggestions?2022 is the dark moment of crypto and indeed that 2023 last quarter and till now its increasing .
Mavia is not a good investment and not good for holding they thought it would become similar to Axie but they didn't realize that Axie just became hype due to the pandemic because we know most of people before did not have any job during covid.To be honest, I don't know much about the Mavia project as I haven't done any research about their project. But the hype they had was created from their airdrop event. A lot of people worked on their airdrop and they paid well to the airdrop hunters. One of my friends worked on their project as well and he got a good amount.
Right now is different Mavia is a good token to hold it is a game it is a dead end for me if I invest to any blockchain game tokens that's a pretty bad idea.
About the price drop not only altcoins and tokens are drop but also Bitcoin is drop they are affected when the BTC price drop. If you are a trader I'm sure you are going to use Bitcoin as your indicator because when the price of Bitcoin spikes other coins/tokens too will spike.I know that altcoins will spike with Bitcoin. But, mostly altcoins spike when BTC moves sideways in a good market. For now, Bitcoin showing a good sign as the war between Iran and Israel isn't going to continue for now. Let's see if we enter to the bull run.
The entire crypto market is in between this dump which seems to be a really taking a long time to recover.the bottom did not stopped there because you have posted this after the halving effect in which the end of the bullrun and yeah the bear market is the thing when this thread was created.
~snip~
Exactly. Diversified investment is the pretty idea way to go with altcoin investment and hodl through the altcoin season. This time is not the time for an investor to complain about their loss of investment because generally the crypto market is in the red zone and it is expected that all altcoins to experience a decline in price, maybe in months, the market will bounce back and everyone will begin to smile back. As we already know, you don't lose in crypto unless you sell at a loss price. This is not the time to complain but instead, a time to accumulate more altcoins you believe will do well in the bull run season
To be honest, I don't care as long as I am at a loss like some others. My average accuiring price is around 40 to 45K and as you can see, we are still above that range. I have sold around 0.01 BTC at 70K because I needed that for Jakah and Eid. For now, I am holding tight because I don't need emergency cash for anything.
I often miss the opportunity because I do not hold fiat at all. 94% of my portfolio is Bitcoin only and the other 6% are some altcoins like Dot, AVAX, and some others. I am glad that I didn't exchange my Bitcoin for altcoins. Because A lot of my locals regretting their decision now.
Switching to altcoin is not bad either it depends on what altcoin you are going to hold since this is not altcoin season yet we can maybe see those altcoins that have not performed well recently might skyrocket in altcoin season. That is why keep diversify is a good idea pretty but to those who regret but if they believe that they hold a precious one they should keep holding it until altcoin season come.
Exactly. Diversified investment is the pretty idea way to go with altcoin investment and hodl through the altcoin season. This time is not the time for an investor to complain about their loss of investment because generally the crypto market is in the red zone and it is expected that all altcoins to experience a decline in price, maybe in months, the market will bounce back and everyone will begin to smile back. As we already know, you don't lose in crypto unless you sell at a loss price. This is not the time to complain but instead, a time to accumulate more altcoins you believe will do well in the bull run season
Exactly. Diversified investment is the pretty idea way to go with altcoin investment and hodl through the altcoin season. This time is not the time for an investor to complain about their loss of investment because generally the crypto market is in the red zone and it is expected that all altcoins to experience a decline in price, maybe in months, the market will bounce back and everyone will begin to smile back. As we already know, you don't lose in crypto unless you sell at a loss price. This is not the time to complain but instead, a time to accumulate more altcoins you believe will do well in the bull run seasonThat's totally correct,
Exactly. Diversified investment is the pretty idea way to go with altcoin investment and hodl through the altcoin season. This time is not the time for an investor to complain about their loss of investment because generally the crypto market is in the red zone and it is expected that all altcoins to experience a decline in price, maybe in months, the market will bounce back and everyone will begin to smile back. As we already know, you don't lose in crypto unless you sell at a loss price. This is not the time to complain but instead, a time to accumulate more altcoins you believe will do well in the bull run season
It's normal in crypto that we see price declines there are no coins that keep increasing and no declines it's normal to see sometimes declines which is why there are exchanges and only traders can decide how much the price of the coin is.And it is also natural that after the halving there is a price decrease like today, even the current price decrease is still quite minimal compared to the previous halving price decrease which reached -50% more.
Let's keep monitoring the bear market and let's wait again for crypto to stabilize before buying again because this is a good time again to buy at the cheap price before the big bearish coming including other coins and tokens.
Re: Is this the bottom?The thread has been created 2 years ago, but I think that this question is still relevant knowing that we have just experienced a market correction a few weeks after the Bitcoin Halving event happened.
The thread has been created 2 years ago, but I think that this question is still relevant knowing that we have just experienced a market correction a few weeks after the Bitcoin Halving event happened.In my opinion, the BTC halving event signaled the end of the 2022-2023 crypto winter bottom. This means that even if the current price fluctuations are negative, there will not be a new bottom below $15.6K in this cycle. Therefore, optimism should be maintained, and accumulation should be carried out instead of panic selling tokens.
As for me, I'm optimistic with the market currently that's why what we saw a few days ago might really be the bottom of the market and after that, we might see the market goes up significantly. By the time I'm posting this, Bitcoin's price is already at $61,000. Just a few days ago, it's price was below $55,000 at one point. A huge increase in just a few days. Many took the opportunity that's for sure (including me).
Overall, the market is still bullish, and the sentiment for sure is bullish even though we've seen a market correction. What we saw a few days ago might be the bottom of the market. Of course, I might be wrong. :) Just be prepared for what can happen.
In my opinion, the BTC halving event signaled the end of the 2022-2023 crypto winter bottom. This means that even if the current price fluctuations are negative, there will not be a new bottom below $15.6K in this cycle. Therefore, optimism should be maintained, and accumulation should be carried out instead of panic selling tokens.
In my opinion, the BTC halving event signaled the end of the 2022-2023 crypto winter bottom. This means that even if the current price fluctuations are negative, there will not be a new bottom below $15.6K in this cycle. Therefore, optimism should be maintained, and accumulation should be carried out instead of panic-selling tokens.CMIIW but are you saying we should maintain our optimism because now BTC can't go below $15.6k in this cycle and that's for 100% we should be optimistic about it and should accumulate as much as we can. No offense dear but don't you think such a guarantee is so obvious at the moment or I am being too optimistic that I don't think BTC could touch that point ever. I am saying "ever" you saying in this "cycle". Well, still we should look at the market from all angles as it's in the best interest for all of us.
The time we spend in the market is more important than the time we enter the market.Hmm, it's deep but in what sense, as IMO the time we enter in the market gives us a good hand here as if we entered market in bear run then we will have the advantage of accumulating BTC in cheaper rates, although time spent in the market is also good as more time spent means more availing of the opportunities when a dip will come.
QuoteRe: Is this the bottom?The thread has been created 2 years ago, but I think that this question is still relevant knowing that we have just experienced a market correction a few weeks after the Bitcoin Halving event happened.
As for me, I'm optimistic with the market currently that's why what we saw a few days ago might really be the bottom of the market and after that, we might see the market goes up significantly. By the time I'm posting this, Bitcoin's price is already at $61,000. Just a few days ago, it's price was below $55,000 at one point. A huge increase in just a few days. Many took the opportunity that's for sure (including me).
Overall, the market is still bullish, and the sentiment for sure is bullish even though we've seen a market correction. What we saw a few days ago might be the bottom of the market. Of course, I might be wrong. :) Just be prepared for what can happen.
I am sure now this is the Bottom and BTC now gains some power.From the time when this post was made around January, till this time "May ending", we can all agree that the price of bitcoin as of January is not the same now. Which will make me say that bitcoin has gained some financial growth.
The closing price of bitcoin in January was $42,500, and the current price of bitcoin is $67,300. There's a big price difference. What we are not sure whether bitcoin will fall back to the same price it was in JanuaryIndeed.
Inasmuch as past performances doesn't guarantee future results, but we could still boldly say that Bitcoin has truly shown some remarkable performances, considering from previous cycles and even till today, it has managed to maintain that performance.I am sure now this is the Bottom and BTC now gains some power.From the time when this post was made around January, till this time "May ending", we can all agree that the price of bitcoin as of January is not the same now. Which will make me say that bitcoin has gained some financial growth.
The closing price of bitcoin in January was $42,500, and the current price of bitcoin is $67,300. There's a big price difference. What we are not sure whether bitcoin will fall back to the same price it was in January
-snip-If from the beginning people do not understand the concept of Bitcoin, it will be very difficult to educate them,
The problem is that people do not really understand the concept of Bitcoin, many consider and draw judgements and make decisions due to short-term performances, without realizing that Bitcoin isn't like other altcoins and should be considered for its long-term potentials and only then would one reap the actual benefits of Bitcoin and avoid making hasty decisions.
Anyone could be told or educated about bitcoin whether or not they had an earlier misconception about it or not, you just need the right words and examples to give them that'll change their earlier perspectives.-snip-If from the beginning people do not understand the concept of Bitcoin, it will be very difficult to educate them,
The problem is that people do not really understand the concept of Bitcoin, many consider and draw judgements and make decisions due to short-term performances, without realizing that Bitcoin isn't like other altcoins and should be considered for its long-term potentials and only then would one reap the actual benefits of Bitcoin and avoid making hasty decisions.
it takes a real example of someone's success in investing in crypto.
People who are skeptical of bitcoin will usually believe in the achievements of others, they will be interested in following in its footsteps.
Well the answer to the op question back in June 2022 was no we will go lower and we did go a lot lower.If it goes according to many people's expectations or your hopes too, being bullish after the halving, then now it is still lower than the next ATH.... but now it has reached $71k again so maybe we need a lot of courage to really... right in at this point. No one knows whether there will be another correction in the future or not, but what is certain is that when Bitcoin is in a bullish moment, prepare a sell target to take profits.
The answer for this now is this is not the bottom we a leaving the bottom and going up up up and away. we should see a rise for the next 1 year to 20
months.
Most coins will be double what they are today. I am hoping for BTc to peak near 200K
Well the answer to the op question back in June 2022 was no we will go lower and we did go a lot lower.
The answer for this now is this is not the bottom we a leaving the bottom and going up up up and away. we should see a rise for the next 1 year to 20
months.
Most coins will be double what they are today. I am hoping for BTc to peak near 200K
Spot ETFs, halving and finally the lowering of interest rates in Canada and the EU as well as in Switzerland and Sweden are good signals that something big could happen. Of course, we are waiting for the interest rates to drop in the US as well, and it is a bit strange that the EU did it first, although the reason for this is probably the elections for the EU parliament, which will be held soon.I believe the EU and Canada initially wanted to wait for the FED to cut interest rates before following suit, but the FED's delay, even with the legitimate reason of still-serious inflation in the US, has forced them to act first to protect their own economies from the risk of decession. I think this will give the FED more reason to cut interest rates quickly even if inflation cannot be reduced to 2%. The FED does not want a hard landing, they will need to do something to save the economy.
QuoteRe: Is this the bottom?The thread has been created 2 years ago, but I think that this question is still relevant knowing that we have just experienced a market correction a few weeks after the Bitcoin Halving event happened.
I believe the EU and Canada initially wanted to wait for the FED to cut interest rates before following suit, but the FED's delay, even with the legitimate reason of still-serious inflation in the US, has forced them to act first to protect their own economies from the risk of decession. I think this will give the FED more reason to cut interest rates quickly even if inflation cannot be reduced to 2%. The FED does not want a hard landing, they will need to do something to save the economy.
Lower interest rates will make it easier for money to flow into the economy, financial markets will develop strongly, including crypto. From the beginning of 2023, I was quite confident that the market had bottomed out. All we were waiting for was a bullrun thanks to interest rate cuts and Spot ETFs.
It is interesting that the EU waited quite a long time to raise interest rates after the US did it, which many considered an illogical move - but it is difficult to compare the ease of decision-making when it comes to the US compared to the EU. Some things in the EU are simply too complicated due to the fact that the majority of member countries have different opinions that are sometimes not easy to reconcile.The ECB is also governed by people with their own views, independent of the FED or any EU country, so sometimes they make their own decisions, which they think are best for the EU economy, in their judgment. For me, the fact that the EU and Canada are cutting interest rates at this time is good news for the financial markets, even though it could cause inflation to return. After all, high inflation is still not as bad as a financial decession.
It seems to me that money will flow more strongly only when the US lowers interest rates, because in reality the EU is not even close to the interest that the US market shows for cryptocurrencies. The average American is much more exposed to the knowledge that Bitcoin and altcoins exist, given that such topics are daily present in most of their media, which is not the case in the EU (at least that's my experience).
~snip~
I'm just thinking about the ATH of BTC and many top ALTS in Q4 2024 and Q1 2025 after the FED officially cuts rates, after all I'm just an investor and don't really care about inflation in the US or EU ^^
You have to figure that when the game of dump ends, the game of pump starts.If Bitcoin was the case study here, then I'll completely agree with your assertion but shitcoins? Hell no.
There are a few things to look for in selecting that project and be very focused. as the importance of their marketcap and capitalization and liquidity and there strong foundation of key points. How advanced they are in terms of technology and clear roadmap in their projects. Moreover they have to carefully check the latest security systems in their projects. Of course their community should be larger and investors should always be given the best support.You have to figure that when the game of dump ends, the game of pump starts.If Bitcoin was the case study here, then I'll completely agree with your assertion but shitcoins? Hell no.
You said, buy good coins during a dump and expect a pump afterwards, first of all, how'd you know whether or not the token has the potential for recovery and that you'll not end up buying a dead token?
A lot of people ended up buying pump and dump coins at the last stage of the project and didn't even realize what they were doing and it didn't end well.
The world has become one global village and unfortunately everyone feels the consequences of the decisions of the largest countries, especially the US. Therefore, the rest of the world depends a lot on how much inflation is in the EU or the US, because an increase in the prices of goods and services mostly means that people spend less, which means that less goods are imported/exported, which means less profit for everyone.Yeah, the success of BTC & ETH Spot ETF, the depletion of BTC and ETH on CEXs, the popularity of crypto in the US presidential election campaign - everything is ready and we need some really important news so that people can be ready to invest more in financial markets, including crypto. Just one FED rate cut this year is enough to trigger a bullrun and altseason!
As for ATH, the period you mentioned is considered by many to be the most likely for the absolute top of this cycle, of course if something negative does not happen.
They buy those pump and dump coins because it is cheap and believe the price will go high just like bitcoin started, unknown to them that the coin will not last in the market. This is why it is very risky to invest on new coins and any coin that has not last long in the market.You have to figure that when the game of dump ends, the game of pump starts.If Bitcoin was the case study here, then I'll completely agree with your assertion but shitcoins? Hell no.
You said, buy good coins during a dump and expect a pump afterwards, first of all, how'd you know whether or not the token has the potential for recovery and that you'll not end up buying a dead token?
A lot of people ended up buying pump and dump coins at the last stage of the project and didn't even realize what they were doing and it didn't end well.
A lot of people in the crypto space have this huge misconception about Bitcoin and other altcoins, just because bitcoin had a humble and small beginning before it thrived into the most profitable and most known crypto, they also believe that altcoins have the same potentials too without realizing that the technology in which bitcoin is built on has made reservations for some special features that has other coins can never possess which makes bitcoin on of a kind.They buy those pump and dump coins because it is cheap and believe the price will go high just like bitcoin started, unknown to them that the coin will not last in the market. This is why it is very risky to invest on new coins and any coin that has not last long in the market.You have to figure that when the game of dump ends, the game of pump starts.If Bitcoin was the case study here, then I'll completely agree with your assertion but shitcoins? Hell no.
You said, buy good coins during a dump and expect a pump afterwards, first of all, how'd you know whether or not the token has the potential for recovery and that you'll not end up buying a dead token?
A lot of people ended up buying pump and dump coins at the last stage of the project and didn't even realize what they were doing and it didn't end well.
Investingbor choosing to invest in bitcoin requires application of extreme caution, because altcoin investment are nothing more but gambling.That is true for most altcoins, for the top altcoins we can get a better percentage to understand that the project is slightly more valuable than memecoin.
-snip-From the beginning of 2024, there are already a lot of coins that only take advantage of the memecoin hype and that will only be abandoned when they make a lot of profits. Many get stuck on these junk coins and it makes a lot of losses.
What makes people doubt altcoins is probably because most of the coins in circulation are just bullshit... so here there is a tendency to just choose Bitcoin...
To get the bottom price, after the correction that occurred this week, I think doing limit buys in stages can still be applied as a wise strategy to get dip prices this month... still waiting for the bullish moment after the 2024 halving.