Bitcoin Forum

now the state of cryptocurrency market is in a state that is difficult to predict, because there are 2 possibilities :
1. the price of cryptocurrency will increase very high after a correction and a bull run will occurs like what happened in January 2018, so that it can give us a big profit from investing in cryptocurrency.
2. cryptocurrency price will continue to make correction, so the price of cryptocurrency will dump and make our portfolio decrease, then of course we will start to hold as happened in 2019 and wait until the price increase again.

but I hope what happens for now is point no. 1, so that we don't see the price of cryptocurrency will dump and instead the price will skyrocket to the moon, so that it will give investors a very big profit ;D.

If you are a short term investor then it is the time to sell your cryptos if you bought at 2020, or else just continue to hold. Even after the correction there will be a bull run which may take years again but will happen for sure.

No one can able to predict the market movements now, if they are lucky enough then they will make most profits.

People will always hope for the second scenario  to happen as soon as possible but the chart was telling us if there is a possibility for the first second scenario to happen.
This time bitcoin is not able bouncing back again to the above 40k rate.
That's the point that can make bitcoin to be pumped even higher. If bitcoin could not surpass 40k and next month could be the bearish month for bitcoin.

This first view is where I choose because it is a bigger possibility than thinking bitcoin will fall. The possibility for increase is what more investors see and they are investing big. Institutional investment are going on because more acceptance for bitcoin payment are increasing. The bitcoin bear is temporal

I think the price of cryptocurrency will definitely go down (correction), it's just that we don't know it will happen sooner or later and the price of cryptocurrency will be corrected very much or just a little, therefore I think before we invest in cryptocurrency, then we have to be prepared for the risks of investing in cryptocurrency (the price will go down and it will reduce the value of our portfolio), but of course with a big risk, then you can also get a big profit from investing in cryptocurrency if there is a bull run (the price of cryptocurrency increase very high), because investing in cryptocurrency can make you get a big profit with a big risk too.

*every time the price increases very high, there will definitely be a correction afterwards and this is natural to happen.

Now is the time to take profits I believe, I guess the highest we are going to see bitcoin goes this time around is that same 47000$ that happened weeks ago, those who entered into crypto in 2017 and bought at 19k or 20k are able to make back their money and gain too , if you aren't ready for a long term hold now is the time to exit the market

It's always been this way.. the two possibilities of either going up or down are permanently there in every single market in the world. It's like saying there's a possibility you die tomorrow and the possibility you don't.

The market is still too immature to predict a change properly. The 4-year cycle is different to what we usually had in any other market, which makes BTC's charts way harder to be predicted. I expect a market run exactly like the other previous 2 halvings. Things will go wild once institutions pour in money.

It is like telling that after a pump there will be a dump. That's the summary of what OP tries to tell us. The market is determined, cannot be said and concluded while it is continuously making itself round from dump to pump and so on.

That's a real short term if someone would start selling but he's in profit if he had invested in 2020.

@OP just like you said, there's only two ways that the market can go - either down or up. One thing I've come to learn our the crypto market is that no one can consistently predict the market moves correctly. Another point that I'd like to point out is that this market might not follow the same path that the bull run in 2017 - 2018 took. Now, everything is 2-3x better than two years ago. More users, more adoption for Bitcoin and other cryptos.

Actually, the crypto market will always involve market correction before or while the bullish time.
a market correction is sometimes needed as the starting point again before jumping up. Like what has happened to Bitcoin before passing the previous ATH and reaching a new ATH. Bitcoin price always experienced market correction to jump high again.

And now, Bitcoin price is likely still getting to reach its rate for sideways.
And after sideways, probably altcoin season will come.
We really hope that new ATH will also happen to altcoins in the altcoin season. It may happen if like in the previous bullrun in 2018.
But, how can decide? let's watch how the market will be going on.

You forgot to include that the bull run in January 2018 was cause by Bitcoin going down hard after hitting a all time high. There was a massive liquidation that time, and I speculate that Bitcoin investors shift their funds to altcoins that's why we have a bull run specially those in the top 10 altcoins. And currently, Bitcoin is still dominating, 60%++ or even reaching as high at 70% at some point.

So we will have to see how it pan out for altcoin this year, ETH already reaches a new all time high, but the rest of the altcoins are still way below their previous all time high so I won't say that we are in a bull run, not yet.

to be frank, can't really say that bitcoin this time gonna follow its cycle in the past. I mean, with all those management fund company, investment company joining hands to flow the money to crypto market for the sake of diversifying portfolio, not to mention the news about some state government trying to invest in crypto using public fund, is it really gonna follow bitcoin's chart in the past though?

I honestly think that the first possibility as you mentioned gonna be the one that happens in the future because there's honestly no reason for btc to get dumped at this point.

I don't call it correction anymore. It's more like a normal crypto fluctuation. Prices go up and down but in a more intensive manner than in other markets.

Just embrace yourself and map a (semi) long-term plan.

The time to take the profit already passed and this is the best time for people to buy back again.
That being said when the market goes down and that will always become the best time to invest. Long term hold is not a recommended thing this time.
The short term traders will always become the best way to take advantage of the current fluctuation in the market. it's quite easy to predict where the market will be going on.

Increase is immenent since there's institutional investor that invested in BTC for long term. There holdings is an assurance that BTC will not gonna fall that much compared on 2018 massive that there's no sure big investors that backing the price pump.

for the beginning of this year, I still hold the principle on the first point. And don't forget the cryptocurrency revival is taking place. maybe the decline will come later after the whales are saturated during the middle of the year.

As long as we are making Higher-low the market it still in upward trend, people need to realise that it is not possible for a price to just keep going in a straight line, it doesn't work that way the most important thing to watch out for is the uptrend if it is still intact and for what I can see from most of the price action most of the Altcoins have bottom and are ready for the Altcoin season, the question is are you ready

I think trading crypto currency market at this points has gotten very risky; altcoins movement are now reliant on both btc and eth; and market movements lately do not obey trade charts prediction. This is a time for traders and holders to be cautious; ensure to use adequately stop losses to limit losses.