an important reminder: don't get killed in this bull run and protect yourself.

[Assface16678]

Many people get encouraged to make an investment to bitcoin because they know the possibility of making more money regarding the bitcoin some of the people are just going to make an investment only because they don't want to risk all of their funds because this kind of pump but still there are some people want to make trading and go with the flow with the use of the market volatile.

If you are a risk-taker this kind of market volatile it is just quite normal because you are going to go with the flow and wait for the outcome of your profit. Sometimes having talent on reading graph take some advantage like the OP did use a line to see an indication of having market changes of the coin and it is already beat the resistant there is a chance for another bull run market which is good because there is a chance for having a comeback from the bitcoin and beat the previous 13k market price still it depends to the supporters of the bitcoin if they will still support the coin.

[1715318668]

1715318668

[MCobian]

The more bitcoin moves up, the more we must be vigilant. Because there is no guarantee that bitcoin won't go down, that's why
bitcoin is called high risk investment. Because bitcoin prices are volatile, they can go up and down suddenly. My advice is to use
stop-loss to protect the capital we have, do whatever can protect yourself. If based on my analysis actually bitcoin has started
bull run again, but still must be vigilant. Rather than regret later on.

[canaris1985]

Just make sure that you won't be one of those people, unless you're fine with holding for more than a decade.

That's exactly what I'm gonna do, man For now I imagine BTC only as a deposit

[Lucius]

Pompliano just didn’t say when that bull market at least roughly starts, maybe every time the price of Bitcoin reaches $10k? Although I have nothing against giving advice, such influential people should be careful when making such statements. I can't judge if this was just a joke (it seems from some of his comments), or he just doesn't understand what a bull market is.

I advise you not to follow the advice of these so-called experts, they are just influencers who make money through social networks with such or similar statements. Bull run can probably happen at any time, but if we take into account the current economic situation in the world, this is a time period in which such chances are very small or almost non-existent.

[Karartma1]

Pompliano just didn’t say when that bull market at least roughly starts, maybe every time the price of Bitcoin reaches $10k? Although I have nothing against giving advice, such influential people should be careful when making such statements. I can't judge if this was just a joke (it seems from some of his comments), or he just doesn't understand what a bull market is.

I advise you not to follow the advice of these so-called experts, they are just influencers who make money through social networks with such or similar statements. Bull run can probably happen at any time, but if we take into account the current economic situation in the world, this is a time period in which such chances are very small or almost non-existent.

Exactly! If  I should start afresh today in Bitcoin I would go back to one thing only: studying! When I first met bitcoin there was not so much good material around, apart from this forum which has been my Bitcoin University.
If one realises the true nature of BTC that's enough. From there it is only a matter of stacking as many sats as possible!

[Sanugarid]

If this is a bull run, I know I can do better this time, I've here during the last bull run and I have learned a lot.
This bull run would not only make us profitable on our bitcoin investment, but it would also help us to recover on our loses in altcoins if it will result to an altcoin season.

Well in every market situation you can do well if you execute your strategy in a good timing, coz that's all you need to get the timing, however during these times where the price of bitcoin is really volatile, you see it in $10K then see it after an hour in $9.2K. The market is a fast pacing one, you might get caught in the middle of these transaction and lose everything you have put on it.

But as we can see, bitcoin dump after it hit $10K, so are we set for a bounce back?

There is a bounce back every time we see it dumping, honestly I hate calling it bounce back coz who would've not expect a volatile market to go up and down right? what only differs is the uncertainty of the time, if it goes up or down we would not know even with analysis.

[Nhor1011]

You right,always protect your investment because crypto market are so volatile. But if you have patience,when the market is down just stay calm and wait for it's price to bounce back. Market is just a play of high and low but it will test your patience.

[rodskee]

Thanks for those reminders and I just want to add that sell if it's necessary and you are in profit. Don't be too greedy and it's ok to get a portion of profit

This is good for those who are in Long term Holding or what we called those HODL because they are willing
to wait even how long it takes until the value of
Bitcoin reached their target value.because aside from selling in high there is always a profit in waiting for long,
and also about that greedy attitude that made
 us mostly a loser for same reason why many investors and traders fails even gamblers fails in this manner
.Looking for so much winnings and profit and
 in the end?you cannot leave the table until you lose everything that supposed to be a good win if
 you have no greed manner.

That's for everyone. You don't look to the movements after you have sold. You have no regrets if you have sold
so that's a diligent way of deciding correctly. The term
 "profit is profit" is what you must apply because when greed catches you, you'll never realize that you have made
it yet you're still unthankful and ungrateful that you
 have made that much. Contentment is the description of that and if you feel regret that you have sold early, you
can always catch the dip and buy it.

Buying Dip and selling High is what always matters here in crypto but of course Holding is far different in this way because we need not to wait the DIp if you are willing to wait and hold right?but i respect your perspective in every manner and also we are just sharing thoughts and views because the beneficiaries are the majority of those who are reading our posts here.for how many times that Greed always hinder cryptonians to earn and many times that traders fell because of their bad attitude in dealing with their currencies on hand,but i think we are nearing Bull again.

You right,always protect your investment because crypto market are so volatile. But if you have patience,when the market is down just stay calm and wait for it's price to bounce back. Market is just a play of high and low but it will test your patience.

How can you protect?of course by Holding even in the dip,never sell on losing position because for sure price will grow
 again even if this took you long time.

[finaleshot2016]

I always set up ranges on when should I convert my BTC or hodl incase of dump 'cause we knew that BTC is volatile and everything is possible.

Pompliano just didn’t say when that bull market at least roughly starts, maybe every time the price of Bitcoin reaches $10k? Although I have nothing against giving advice, such influential people should be careful when making such statements. I can't judge if this was just a joke (it seems from some of his comments), or he just doesn't understand what a bull market is.

I advise you not to follow the advice of these so-called experts, they are just influencers who make money through social networks with such or similar statements. Bull run can probably happen at any time, but if we take into account the current economic situation in the world, this is a time period in which such chances are very small or almost non-existent.

Exactly! If  I should start afresh today in Bitcoin I would go back to one thing only: studying! When I first met bitcoin there was not so much good material around, apart from this forum which has been my Bitcoin University.
If one realises the true nature of BTC that's enough. From there it is only a matter of stacking as many sats as possible!

Same with me, I guess if I studied crypto earlier maybe I've earned a lot because of my knowledge of identifying the status of the market. And knowing the fact that even bitcoin is volatile, it will still surge sooner or later, just have faith and trust on it.

[kryptqnick]

Bitcoin just broke it historical resistance. We are above 10k and we may be starting a bull run again. Boom.

Things looks good now, but be careful if you are new here.

important reminder now for all newbies around. Don't get killed.

Regarding the current market situation, it doesn't seem to me that something remarkable is happening right now, as Bitcoin has been recovering since the middle of March, so it's been the bull run since then. At the same time, Bitcoin hasn't been able to go significantly above $10k, so it's a very limited run and the barrier more or less remains.
And as for the tips for beginners, I agree with everything apart from buying BTC with a card. In my country this is an easy and cheapest solution which doesn't lead to any problems with the authorities.

[coinfinger]

Don't be too fast to call it a bull run, you cannot tell what will follow next. The price did go up to $10,000 but it didn't stay for long at this position before going down to the $9k price (it's currently at $9,700). The price will go up, but it won't jump to a high price at once, it will move up with time. That's why it's good to invest early and have patience. Early investors are always the lucky ones.

Before the pandemic that affected every market, I bought Bitcoin and a few altcoins. I bought Bitcoin around $8,000 and when the price started falling I didn't sell because I knew that after this Coronavirus thing cools off, the price will still go back up and I will recover what I lost. I still went ahead to buy more at the rate of $5,000 after the price dropped to $3,800 and started going back up.

[amishmanish]

Regarding the current market situation, it doesn't seem to me that something remarkable is happening right now, as Bitcoin has been recovering since the middle of March, so it's been the bull run since then. At the same time, Bitcoin hasn't been able to go significantly above $10k, so it's a very limited run and the barrier more or less remains.

If the COVID-19 situation hadn't hit the US so hard, that recovery from 5K levels to 9K may have continued past 10K. The ground situation around the world is still so uncertain with US going through the civil unrest and China flexing muscles. It is kind of oxymoronic to hope for a bull run at present. The way stocks are rallying, it seems that traders are banking on the recovery after the fog of unrest has lifted. Bitcoin has behaved differently when things fell all around it. Will it behave differently when the markets rally?

Also, by the time christmas arrives (the traditional bull-run times), there is a chance that we may have Dems back. There is that to consider that what will happen to the price once Trumpism has susided.

[Betwrong]

Volume is still really low, and the close is not really perfect either. I'd swap my coins for stable coins for a while, at least until we get a clear single candle breaking the trend line.

A part of me believes that this is a fake-out but of course, I'd be more than happy if I'm wrong.

Some analyst from trading view  thinks that this is just a fake out, though I hope it was not.  Care to see his analysis titled: XBTUSD 8h: FAKE triangle breakout, then DUMP(NEW)

~img
Source: https://www.tradingview.com/chart/XBTUSD/EZX2Toxr-XBTUSD-8h-FAKE-triangle-breakout-then-DUMP-NEW/

So better to be more vigilant and set up stop loss so if ever this happens at least the loss will be minimal.

Normally I would start to criticize the chart, because, like many of us here, I'm sick of the wrong predictions they make based on their TA. But this particular guy makes very cautious predictions, and they are not for regular long-term investors(those guys should look at the charts only once in 6 months, if ever), but more for day traders. Whatever I might expect from from this year, I agree that for the upcoming days ranges near $9,150-$9,250 can be regarded as dips, and the ranges near $10,300-$10,400 as temporary rips.

As always, we all can be very wrong, it's Bitcoin after all!