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Cryptocurrency discussions / Re: Will the bull season continue forever????
« on: November 14, 2024, 11:26:25 PM »I was tensed to start this topic because of the perspective of some fraction BTC HODLers I came across, with the saying that goes "I will HODL my asset until it's price reach $300k and that will be by January 2025"....It will be a nice if i could get 300$ in this month, but It's important to remember that no one can predict the future with certainty. While it's possible that the current bull market could continue for some time, it's also important to get prepared for potential downturns.
What!!!! Could this really be as it seems....
I begin to wonder if some calibre of people take the Crypto market as a magical land where you makes wishes and they come through... Believing that as the market is experiencing green candles and uptrends, it is likely to continue it forever.... Forgetting that there are factors that determines the trend of the market.
I also see most analyst speculating the price of BTC to touch $100k before the end of the year which is most likely possible... And most HODLers are willing to sell at this price range simply meaning that the market will experience some little down trend after such sell off. Giving rise to the bearish season and it will likely stay for a period of time before another bull run.
In conclusion, most people tend to give speculations that are not real and may likely persuade newbies to fall into some risks that may take a longer time to be retraced..
That's the reason it is always advised to DYOR before diving into any aspect of crypto..
Your thoughts..