I have become cautious on the market

[bbc.reporter]

I have become more cautious on the market from speculating that it might pump similar to the pump of December of 2020. My reasons for this are China Evergrande and the speculated connection of Tether’s holding of Chinese companies commercial paper. Tether’s lawyer denies this, however, we cannot trust his word until we can verify this.

Also, bitcoin is moving higher after the dump, however, open interest is not increasing and funding rate is negative. This implies traders are short selling.

[1715027278]

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[1715027278]

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[Torque]

This implies traders are short selling.

In order to create large long positions...

[bbc.reporter]

@Torque. You might be correct, however, it is much more advisable to be cautious, I reckon. The Federal Reserve has also announced that tapering might begin on November and rate hikes are speculated to begin next year.



Federal Reserve Chair Jerome Powell said the central bank could begin scaling back asset purchases as soon as November and complete the process by mid-2022, after officials revealed a growing inclination to raise interest rates next year.

Powell, explaining the US central bank’s first steps toward withdrawing emergency pandemic support for the economy, told reporters Wednesday that tapering “could come as soon as the next meeting.”

Source https://www.business-standard.com/article/international/fed-s-powell-says-taper-could-start-in-november-finish-in-mid-2022-121092300065_1.html


This will remove liqudity from the American market which might cause institutional funds to sell first because it is very much harder for them to move billions of money. I am afraid that this might cause fear and also affect the cryptospace market.

[Poker Player]

Really? I haven't.

This implies traders are short selling.

Since I invest for the long term, I care little about what traders do. I always prefer to see the price go up, but I know that's impossible. I buy regularly and I don't worry about what the price will do next month, I worry about where it will be in 4 and 8 years. Not just the price, but how the popularization and adoption of Bitcoin will have affected our society and our day to day lives.

[mk4]

That company doesn't have any connection with cryptocurrency market so I don't see why it could cause a bad movement in the market, plus it's likely that bitcoin will still pump in December, just hodl.

Not because there isn't any direct connection doesn't automatically mean that it can't have an effect in other markets. Evergrande has some connection to US markets(BlackRock, etc), and the US markets has some connection to the cryptocurrency markets.

[el kaka22]

<snip>

This will remove liqudity from the American market which might cause institutional funds to sell first because it is very much harder for them to move billions of money. I am afraid that this might cause fear and also affect the cryptospace market.

I wouldn't assume that it would create a panic right away. I am not saying it won't neither, but we should not come to assumptions of panic without having any proof in our hands. There could be panic, or there could be people who take advantage of this situation as well. Pandemic relief did helped many companies and without that we are looking at companies trying to handle all by themselves like economy is back on track.

However, we all know that it is not 100% fine right now, there are still some problems lingering, people are not spending as much as they did 2 years ago in most nations and we do still need unemployment checks for larger amount of people all around the world (no idea how it is in USA). All of which means that crypto is still safe haven, if you go into fiat then you might get screwed but in crypto the prices could be great and help you store your wealth.

[michellee]

More caution will be necessary when you want to enter the market because our prediction can not always work. You need to calm down for a while and not trying to enter the market before you are sure that the situation is good. I think those traders are still trying to make a profit in the situation to do many things to make money. The situation can change, but we must try to profit and not give up because of the situation.

[leea-1334]

I have become more cautious on the market from speculating that it might pump similar to the pump of December of 2020. My reasons for this are China Evergrande and the speculated connection of Tether’s holding of Chinese companies commercial paper. Tether’s lawyer denies this, however, we cannot trust his word until we can verify this.

Denial has become the operating word for this company though,,, so we should not be surprised they are reacting like this.

I think the market happened the way it did not directly because of this however,,, just manipulations as per expected, and as we can see it did not crash so badly and is already on the way towards recovery.

Caution is the wisest. Stay safe and do not panic.

[LFC_Bitcoin]

Nothing has changed, we are still going to north of $100,000 this year. Q4 in a bull year is usually explosive, sit back & enjoy the show. Sell some in November & December though.

[$crypto$]

Nothing has changed, we are still going to north of $100,000 this year. Q4 in a bull year is usually explosive, sit back & enjoy the show. Sell some in November & December though.

Quite optimistic and holding on to the end of the year I hope this plan goes smoothly at the expected price.

Won't be daunted by other news I'll just focus my eyes on the future to see it as you said $100,000 is a fair price in Q4, so I'm going to take it easy.

If you see the market continues, the sense of misgiving will continue to exist.

[adaseb]

Tether already said last week that they hold no commercial paper from Evergrande.
If they did hold some paper they would either keep quiet or disclose it. However I am pretty sure they don’t hold any. And even if they did, it will be a small portion and not like 25% of their reserves.

Same with what the Fed reserve said. Most of the US companies don’t have that much direct exposure to Evergrande even if they did default. So most likely it won’t affect Bitcoin or USA stock market. I think people just watch too much “the big short” and think that another crisis will happen over this.

[palle11]

That company doesn't have any connection with cryptocurrency market so I don't see why it could cause a bad movement in the market, plus it's likely that bitcoin will still pump in December, just hodl.

The pump of 2017 around the last three months to the end of the year may be repeated from the way price moves and especially that countries coming to adopt bitcoin and create digital currency. I see traders having the sentiment and emotion of thinking there may be bear but definitely things have changed and we may not see that. As a result of fud for the December, they want to sell out there hodling to tether, though not a bad idea .

[GreatArkansas]

Another Tether FUD.
Ok, for all these past years, Tether FUD is always around. Especially about the rumours of bear run around 2018, when Bitcoin made a peak around $19,000 - $20,000. A lot of people also told that it was Tether.
So I am expected this kind of FUD too now. Tether. So it could be true or not, Tether doesn't release any announcement about this. So, for me, this is still another FUD.

[Rajamuda]

Nothing has changed, we are still going to north of $100,000 this year. Q4 in a bull year is usually explosive, sit back & enjoy the show. Sell some in November & December though.

I've like-minded with you, which's clear long-term is the best solution to deal with market conditions from time to time, it will still provide a sweet opportunity.
Basically being cautious is necessary, in this case... it can certainly encourage us to choose the right coin to pick, it is not worth choosing a coin (such as some altcoins) if it can't show its best side.

[STT]

That company doesn't have any connection with cryptocurrency market so I don't see why it could cause a bad movement in the market, plus it's likely that bitcoin will still pump in December, just hodl.

Everything is connected but generally anything outside of BTC isnt a real reason to sell a base holding .   In a trading sense we can easily see a lower price register on BTC because of purely outside factors.   Reason being half the price quoted most often is dollar related.    I think this is a China deflationary event but also the wider picture is China is reining in its capitalist economy elements which would be a significant alteration of advances made in the last couple of decades even back to the gains post Mao.
  We could describe this as the ultimate failure inherent in communist dictatorship but also I'd say it relates to Nixon shock in that the free trade Nixon opened with China came at the same time as a purposeful policy change to dilute value of the dollar given in exchange for that free trade, I think its partly in reaction to endless inflation that China has not found capitalism as useful as it should mostly because its in part missing from the modern world thanks to central banking inflationary policy.   Larger things are in play and sure I think they matter because it relates to volatility.

[adaseb]

Reason for the tether fud is that guy on Twitter who keeps posting conspiracy theories regarding tether. He has a large following and most believe his facts and his theories keep spreading and creating all this fud. I heard that he even was sued in the past because of this.

He most likely started this Evergrande commercial paper theory and another fud of tether fud started first on Twitter, then Reddit and now this forum. Tether fud has been going on for years and not going away anytime soon.

[bryant.coleman]

This is the first time that I am hearing about Tether holding commercial paper from Evergrande. If it is even remotely true, then we can expect a meltdown sometime soon in the cryptocurrency market. I have always had my suspicion about the Tether foundation. Despite miting $70 billion worth of tokens, they have never conducted an independent audit. Even for the asset breakdown, they have provided only some vague figures rather than detailed list of the assets they hold as reserves. If the OP is right, then we are in for something really bad. 

[aoluain]

Nothing has changed, we are still going to north of $100,000 this year. Q4 in a bull year is usually explosive, sit back & enjoy the show. Sell some in November & December though.

Yup last quarter is where the action will be and September has rarely been a good
month for the Bitcoin markets.

When Evergrande first came into the news a few days ago I knew the Crypto markets
would be affected, its too big not to and the markets are intertwined with traditional ones anyway.

This Evergrande saga has not gone away though so expect more news.

There are certainly people on YT with a lot of followers and a good bit of infleuence
who can create FUD at these times and unfortunately there will be innocent people
to take advantage of.

Why would Tether hold the Evergrande Commercial paper?
What is a commercial paper anyway?

[wajik-tempe]

Another Tether FUD.
Ok, for all these past years, Tether FUD is always around. Especially about the rumours of bear run around 2018, when Bitcoin made a peak around $19,000 - $20,000. A lot of people also told that it was Tether.
So I am expected this kind of FUD too now. Tether. So it could be true or not, Tether doesn't release any announcement about this. So, for me, this is still another FUD.

Not releasing any statement after the FUD spreading does this means tether is also involved about previous dump 
Q3-Q4 is always thrilling times for crypto market, it repeated every year. We also have to be careful what will happen next because it's impossible for the price to keep increasing more over we already touch the all time high this year. Maybe the whales are reloading their ammo for the next war 

[pooya87]

Also, bitcoin is moving higher after the dump,

When the price is artificially changed it becomes unstable, whether it is a pump or a dump. In this case when the drop was only because of panic sellers who have no brain to think the price comes back up when they are done selling since the demand doesn't go away just because a few are panicking.

Other than that because of the large amount of FUD on the internet these days I don't see any major upward movement coming for now.

[sunsilk]

After the dump, we saw yesterday the recovery of it and likely to get back to $45k and today, it has come to dump again. Despite the good news about Twitter's integration and tipping system, still the market tanked.

Well, here goes again the market as it dumps and it's not a coincidence. This is likely that we're going to see a better price after it has fully recovered again. Just stick to your plans of holding and we'll see the greater price after this.

[Wawa2013]

More caution will be necessary when you want to enter the market because our prediction can not always work. You need to calm down for a while and not trying to enter the market before you are sure that the situation is good. I think those traders are still trying to make a profit in the situation to do many things to make money. The situation can change, but we must try to profit and not give up because of the situation.

The crypto market is now really volatile, so crypto price movements are very difficult to predict. This means that we really have to be more careful,
and not rush into making decisions, so that we don't take wrong steps. We should often monitor crypto price movements in the market, in order to
find a good way to make a profit. But with the current market situation, the safest way is to focus on holding until the target we want is achieved.

[michellee]

More caution will be necessary when you want to enter the market because our prediction can not always work. You need to calm down for a while and not trying to enter the market before you are sure that the situation is good. I think those traders are still trying to make a profit in the situation to do many things to make money. The situation can change, but we must try to profit and not give up because of the situation.

The crypto market is now really volatile, so crypto price movements are very difficult to predict. This means that we really have to be more careful,
and not rush into making decisions, so that we don't take wrong steps. We should often monitor crypto price movements in the market, in order to
find a good way to make a profit. But with the current market situation, the safest way is to focus on holding until the target we want is achieved.

I guess you are right. The situation now will be more unpredictable to guess and even if we speculate, that will not happen many times because with the price now, the volatility will continue. If we can watch the price movement and analyze where the price will move, maybe we can try to buy low and sell high but do not try to hold because expecting a big profit is not possible. It is better to play safely while waiting for the price increase or back to more than $50k.

[leea-1334]

Another Tether FUD.
Ok, for all these past years, Tether FUD is always around. Especially about the rumours of bear run around 2018, when Bitcoin made a peak around $19,000 - $20,000. A lot of people also told that it was Tether.
So I am expected this kind of FUD too now. Tether. So it could be true or not, Tether doesn't release any announcement about this. So, for me, this is still another FUD.

Other than news about Bitcoin is dead or will soon die,,, China FUD,,, miners FUD,,, Tether FUD is the news we can always rely on to hear when things get stale and journalists also find nothing else to talk about.

I have never trusted Tether, but I also think that most people including analysts over-emphasize the effect of this company on Bitcoin price.

[kayiboyu]

It is better to be cautious these days as the market is fluctuating a lot. Bitcoin is still struggling to reach upper levels. After reaching above $45k again, the price went down to $42k. It is really boring to see the market in a poor condition right now but we don't have anything to do about it. We just need to make our investments even more carefully if we are aiming to make short-term ones.

[Wawa2013]

More caution will be necessary when you want to enter the market because our prediction can not always work. You need to calm down for a while and not trying to enter the market before you are sure that the situation is good. I think those traders are still trying to make a profit in the situation to do many things to make money. The situation can change, but we must try to profit and not give up because of the situation.

The crypto market is now really volatile, so crypto price movements are very difficult to predict. This means that we really have to be more careful,
and not rush into making decisions, so that we don't take wrong steps. We should often monitor crypto price movements in the market, in order to
find a good way to make a profit. But with the current market situation, the safest way is to focus on holding until the target we want is achieved.

I guess you are right. The situation now will be more unpredictable to guess and even if we speculate, that will not happen many times because with the price now, the volatility will continue. If we can watch the price movement and analyze where the price will move, maybe we can try to buy low and sell high but do not try to hold because expecting a big profit is not possible. It is better to play safely while waiting for the price increase or back to more than $50k.

We can use the volatile Bitcoin price to make a profit, but we do have to be careful and don't forget to use the stop-loss feature just in case
the Bitcoin price suddenly falls deeper. But based on my prediction maybe in the near future Bitcoin will only move around the price of $40k-$45k,
until finally there is positive news that makes Bitcoin can return to the price of $ 50k. But really don't expect to make big profits in a situation like now,
the most important thing is not to lose and can make a profit even though it is small.

[BobK71]

Cryptocurrencies hype usually is created by publishing various types of news every day. And most of these are fake. So you should never sell or buy anything without knowing the true facts or information. However, many people are earning a lot of money by using this kind of news or business strategy. So invest cautiously don’t be panic.

[Hamphser]

Cryptocurrencies hype usually is created by publishing various types of news every day. And most of these are fake. So you should never sell or buy anything without knowing the true facts or information. However, many people are earning a lot of money by using this kind of news or business strategy. So invest cautiously don’t be panic.

Sentiments like these are very common into this market which it do really need some common sense whether you do make use of it for your advantage or you would really be just ignore and stick with your plans.

You would really be that aware specially when you do have actual experience on this place.You would become cautious because you do have already witness for yourself on how it moves.

You would make out things according into your experience and its good that you would really be prepared and had already insighted up on what are the things you should need to do.

[bbc.reporter]

According to Glassnode, the whales have been buying and accumulating bitcoins since July. The secret reason why I have become bullish on bitcoin is because I was speculating that those whales might have information that at least 1 of 5 ETF applications for bitcoin will be approved on October. However, it is very difficult to be always optimistic if bitcoin dumps every week for 3 weeks hehe.

[Kusman]

Besides Evergrande, we have been waiting for a Golden Cross lately. If this really happens, Bitcoin and the market in general would start to literally fly. It is very possible for us to witness a brand new bull run after a long time period. I really missed the bull run after a bear market which lasted for a long time. If we see it in the next month, then we can get ready for even $100k before the end of the year maybe.

[dimonstration]

Cryptocurrencies hype usually is created by publishing various types of news every day. And most of these are fake. So you should never sell or buy anything without knowing the true facts or information. However, many people are earning a lot of money by using this kind of news or business strategy. So invest cautiously don’t be panic.

If we were able to join in hype in projects that have potential and can benefit us with it’s platform and uses then there’s no wrong in joining the hype. Though we can’t deny the fact that we can earn even in those projects that are purely pump because of hype, we’re lucky if we can join the hype but we should know where to stop or withdraw once we already earn since there’s no guarantee that projects that happen because of hype alone can have a future. Know how to imvest and where to invest even there is a hype.

[dezoel]

I have become more cautious on the market from speculating that it might pump similar to the pump of December of 2020. My reasons for this are China Evergrande and the speculated connection of Tether’s holding of Chinese companies commercial paper. Tether’s lawyer denies this, however, we cannot trust his word until we can verify this.

But, I do see the current market scenario must be very good opportunity for all of us to bag hold. Unless otherwise you are a margin trader, then you never need to be cautious whenever market dips. Whenever markets shows you corrections and you are a long term trader then you can simply go for accumulating as much as your budget allows.

If bitcoin is in your veins then being cautious may put you in back foot but making use of every dips and always allocating funds to utilize the dips kind of plans will get your enormous profits after years; I am the one who keep buying at dips whenever my regular income surpluses allow and enjoying big profits from the true potential of bitcoins after years of holding.

[XCANA]

Really? I haven't.

This implies traders are short selling.

Since I invest for the long term, I care little about what traders do. I always prefer to see the price go up, but I know that's impossible. I buy regularly and I don't worry about what the price will do next month, I worry about where it will be in 4 and 8 years. Not just the price, but how the popularization and adoption of Bitcoin will have affected our society and our day to day lives.

How I wish I have the patience to hold for a long period like you plan to do, 4 to 8 years is really a long term period. Just that am still a baby investor who is after making a shot profit and use it take care of my personal needs.

[Hippocrypto]

Even though there's a strong resistance on recent market situation, that doesn't bother me so much this time because I believed that price won't go dip so bad same with what happen from history. We may experience some fluctuations but, recovery takes place once investors buy back during market saturation. Patience is our key right now before we're going to see another milestone of success come out way, and our strong holds will begun to soar.

[STT]

I was looking at this chart I found that shows the year to date weighted average price.   Since the start of the year matches up with most of the larger rally its probably quite key and somewhere to watch, the recent Sept low was about this point.   Besides all the other reasons for BTC to find support there, also its in large part a volume ledge we must hold to continue strength in the wider positive gain for this year.


Here is the graph and video link if you would like to examine further,  yellow is YTD.  red is ATH to current time
https://youtu.be/8Hn1seH_Zo0?t=567

[michellee]

More caution will be necessary when you want to enter the market because our prediction can not always work. You need to calm down for a while and not trying to enter the market before you are sure that the situation is good. I think those traders are still trying to make a profit in the situation to do many things to make money. The situation can change, but we must try to profit and not give up because of the situation.

The crypto market is now really volatile, so crypto price movements are very difficult to predict. This means that we really have to be more careful,
and not rush into making decisions, so that we don't take wrong steps. We should often monitor crypto price movements in the market, in order to
find a good way to make a profit. But with the current market situation, the safest way is to focus on holding until the target we want is achieved.

I guess you are right. The situation now will be more unpredictable to guess and even if we speculate, that will not happen many times because with the price now, the volatility will continue. If we can watch the price movement and analyze where the price will move, maybe we can try to buy low and sell high but do not try to hold because expecting a big profit is not possible. It is better to play safely while waiting for the price increase or back to more than $50k.

We can use the volatile Bitcoin price to make a profit, but we do have to be careful and don't forget to use the stop-loss feature just in case
the Bitcoin price suddenly falls deeper. But based on my prediction maybe in the near future Bitcoin will only move around the price of $40k-$45k,
until finally there is positive news that makes Bitcoin can return to the price of $ 50k. But really don't expect to make big profits in a situation like now,
the most important thing is not to lose and can make a profit even though it is small.

Yes, using the stop-loss feature will help us prevent big losses as we do not know exactly where the bitcoin price will move. The bitcoin price is increasing at this hour, but we do not know what will happen in the next 3 hours. We can focus on making a profit and no matter how much the profit, we should take it and do not greedy to wait for more profit. It is better to take profit in a small profit, but we can repeat it many times than to expect to make a big profit at once. We will make a big profit if the bitcoin price increase higher, more than $50k-$60k.

[Wind_FURY]

OP’s sentiment is very understandable, but did anyone of you notice that Bitcoin surges back with strength upon crashing down to $39,000 $40,000? Bidding in that area might be the best for buying the dip and HODL at this point of the market cycle.

[SquallLeonhart]

According to Glassnode, the whales have been buying and accumulating bitcoins since July. The secret reason why I have become bullish on bitcoin is because I was speculating that those whales might have information that at least 1 of 5 ETF applications for bitcoin will be approved on October. However, it is very difficult to be always optimistic if bitcoin dumps every week for 3 weeks hehe.

I am not entirely sure if any of the ETF's would get accepted or not, I have no idea about the deal from inside so I can't make any assumptions. However, I am 100% certain that whales realized long time ago they have a product in their hand that would increase in profit. Sure maybe it might be volatile but that doesn't mean that it would not go up in the long run, if you have something that you could invest today and KNOW for sure 100% guaranteed that it will be higher in 10 years, and if you are rich like a whale that could end up not came.

[bbc.reporter]

@SquallLeonhart. I was wrong. There might be up to 30 pending applications for an ETF for bitcoin. On being the optimistic me, there should be at least 1 of them to get approval hehehe.

Also, reading news articles like this causes me to speculate that the market is not entering the bear market and it might begin to pump for October hehehehe.



Famous author and investor Robert Kiyosaki has predicted that a “giant stock market crash” is coming in October, noting that gold, silver, and bitcoin may crash as well.

Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

Source https://news.bitcoin.com/rich-dad-poor-dads-robert-kiyosaki-predicts-giant-stock-market-crash-october-bitcoin-crash/

[Spack17]

It is better to act cautiously in this market these days as it is very ambiguous. Bitcoin price is still having a big difficulty in climbing to upper levels and sometimes it makes people uncomfortable by going down again. Now we see it at $41.7k. I'm not happy about the probability that the price can go down below $40k and doesn't go up for a long time. But everything can happen in this market also. Maybe we will even see a bull market in October.

[marine4u]

According to Glassnode, the whales have been buying and accumulating bitcoins since July. The secret reason why I have become bullish on bitcoin is because I was speculating that those whales might have information that at least 1 of 5 ETF applications for bitcoin will be approved on October. However, it is very difficult to be always optimistic if bitcoin dumps every week for 3 weeks hehe.

Lol, What is more important is that the accumulation of corporations is increasing into bitcoin to store their value. Morgan Stanley has increased its exposure to Grayscale's GBTC trust. It is proof that the power of bitcoin continues to be believed. I believe that is the main trend to relieve the pressure from the Chinese government to reduce the risk of bitcoin.
Taproot is coming and it's really good for bitcoin to kick off a break out of the 50k region

[jakdanyel]

It is better to be cautious nowadays as the market is in a troubling condition. China's decision to ban cryptocurrencies also have an affect on the market as it seems. It didn't affect Bitcoin price very highly but still this can prevent the price from going much higher levels for some time. Unless you are not planning a long-term investment, it is better to wait for now in my opinion.

[bbc.reporter]

What would be the cause to make the market perform worse than it presently is? Would it be the rejections of all the ETF for bitcoin on October? I speculate something very worse. What if Elon Musk announces that Tesla would be dumping all the coins Tesla holds to clear their balance sheet of bitcoin?

[Reatim]

I have become more cautious on the market from speculating that it might pump similar to the pump of December of 2020. My reasons for this are China Evergrande and the speculated connection of Tether’s holding of Chinese companies commercial paper. Tether’s lawyer denies this, however, we cannot trust his word until we can verify this.

Also, bitcoin is moving higher after the dump, however, open interest is not increasing and funding rate is negative. This implies traders are short selling.

We must be observant from the very beginning because this is our money and the market of volatility like crypto needs to be more supervised and alertly checked before we finally put our money.

What would be the cause to make the market perform worse than it presently is? Would it be the rejections of all the ETF for bitcoin on October? I speculate something very worse. What if Elon Musk announces that Tesla would be dumping all the coins Tesla holds to clear their balance sheet of bitcoin?

tesla again. Elon Musk again? could we stop for a while and check the reality if Elon really can affect market that deep now?

he had enough in crypto market and we are now facing the true market without the shadow of Elon Musk.

[bbc.reporter]

@Reatim. Yes Elon. He can affect the price negatively if Tesla sells all $1.5 billion of their bitcoins or an announcement of this might also cause traders to dump in fear.

Also do you know Cathie Wood? She predicted that 1 bitcoin will be worth $500,000 within 5 years. She also said that her fund’s target for Tesla is $3000. However, she has dumped her fund’s Tesla shares. I speculate she is another character who could also dump bitcoin before 2022.

[traderethereum]

@Reatim. Yes Elon. He can affect the price negatively if Tesla sells all $1.5 billion of their bitcoins or an announcement of this might also cause traders to dump in fear.

Also do you know Cathie Wood? She predicted that 1 bitcoin will be worth $500,000 within 5 years. She also said that her fund’s target for Tesla is $3000. However, she has dumped her fund’s Tesla shares. I speculate she is another character who could also dump bitcoin before 2022.

If she is really serious with her predicted price about bitcoin 5 years later, I do not think that she will dump bitcoin before 2022 instead of trying to buy more bitcoin before the price increases.
If she sells her Tesla shares just to buy bitcoin, that will be good for her as she will have more money to buy more bitcoin.
Elon can negatively affect the price of bitcoin, but I guess people will not always listen to him because he already does that and his trick will not work again.
The market is more unpredictable as bitcoin is down and up and down again at the current price and we hope that the price will not go down for more.

[Victorycoin]

Good for traders to be cautious in the crypto market many people are terrified when prices go down this happens when whales have an effect the fall of bitcoin had a domino effect on cryptocurrency markets. Cryptocurrencies have also fallen by more than 10% and cryptocurrency market valuations have plummeted the biggest damage was done but something new will be seen in October or 2022.

[bbc.reporter]

I am becoming presently a little optimistic, however, I remain cautious. The pump for 2 days have appeared to be very strong, but much of them were caused by 2 short squeezes of leveraged short positions. Let us pray that whales will not dump on the leveraged long positions because a small dump can also easily dump the price down to $42k.

[Johnyz]

I am becoming presently a little optimistic, however, I remain cautious. The pump for 2 days have appeared to be very strong, but much of them were caused by 2 short squeezes of leveraged short positions. Let us pray that whales will not dump on the leveraged long positions because a small dump can also easily dump the price down to $42k.

There’s still a possibility that this is just a bull trap, so better to be cautious always than to over confident in the market, you have to look at the positive and negative side of the market and remain neutral since you’re playing with your money, this could help you to prevent from losing money. The market is getting better now, but let’s open for a possibility of a corrections.

[Quidat]

Good for traders to be cautious in the crypto market many people are terrified when prices go down this happens when whales have an effect the fall of bitcoin had a domino effect on cryptocurrency markets. Cryptocurrencies have also fallen by more than 10% and cryptocurrency market valuations have plummeted the biggest damage was done but something new will be seen in October or 2022.

Being cautious would result on being serious or would really be that careful on making out decisions in the market which is really good but acquiring this kind of behavior would really be depending on your experience.
You wouldnt really become to cautious when you dont have actually the experience you do have in the market.When you do actually aware on whats happening around then you would really be careful with your steps
towards your analysis. You could handle already your emotions based on up your experience then you could able to handle that one.

[bbc.reporter]

I am becoming presently a little optimistic, however, I remain cautious. The pump for 2 days have appeared to be very strong, but much of them were caused by 2 short squeezes of leveraged short positions. Let us pray that whales will not dump on the leveraged long positions because a small dump can also easily dump the price down to $42k.

There’s still a possibility that this is just a bull trap, so better to be cautious always than to over confident in the market, you have to look at the positive and negative side of the market and remain neutral since you’re playing with your money, this could help you to prevent from losing money. The market is getting better now, but let’s open for a possibility of a corrections.

Agreed. There some onchain analysis that compares price to longterm holder profit and loss ratio that appears to show that April’s all time high was this cycle’s high.



Source https://mobile.twitter.com/txmctrades/status/1444410892565852162?s=12



However, it might also depend on the approval of ETFs for bitcoin. There are 4 applications that were delayed for 45 days. I speculate more delays on the others may come.



On Friday, the U.S. Securities and Exchange Commission (SEC) has delayed four bitcoin exchange-traded funds (ETF) deadlines for another 45 days. The regulator notes that the entity needs more time to decide on the ETF applications.

Source https://news.bitcoin.com/sec-delays-4-bitcoin-etf-deadlines-regulator-finds-it-appropriate-to-designate-a-longer-period-of-time/

[Victorycoin]

That company doesn't have any connection with cryptocurrency market so I don't see why it could cause a bad movement in the market, plus it's likely that bitcoin will still pump in December, just hodl.

Absolutely, the crypto market has nothing to do with anyone bitcoin is reaching a high position due to the high demand of the market and its ups and downs the market can't be panicked hold on for the best time bitcoin will pump a lot.

[wajik-tempe]

I am becoming presently a little optimistic, however, I remain cautious. The pump for 2 days have appeared to be very strong, but much of them were caused by 2 short squeezes of leveraged short positions. Let us pray that whales will not dump on the leveraged long positions because a small dump can also easily dump the price down to $42k.

New support created and new month started a very good sign, i'm sure it was the time when investors are buying back BTC after they hold another for so long. Let's hope this is not a bull trap and bitcoin going to 50k and keep strong on that.
The media needs to make a good news for bitcoin to make the disappointed investors caused by bitcoin drops, back to invest again because they will see the bright future of bitcoin

[Dhaniii]

some crypto players see market movements in a day, so they are very careful in investing. while some of their investors keep their bitcoins for a little longer, at least 3 months, so the price of bitcoin often falls in the first and second months, they don't pay attention at all, while others panic 3 times a month because they don't have a target in investing.

[rincoeng1986]

Good for traders to be cautious in the crypto market many people are terrified when prices go down this happens when whales have an effect the fall of bitcoin had a domino effect on cryptocurrency markets. Cryptocurrencies have also fallen by more than 10% and cryptocurrency market valuations have plummeted the biggest damage was done but something new will be seen in October or 2022.

after a few days ago the market often fell suddenly, investors have started to worry about investing. just this october bitcoin already has brightness and a sudden pump starts from $40k to $47k all of a sudden. Yes, it's true, as you said, traders have started to be careful about investing or in choosing which tokens to invest.

[ipanks]

some crypto players see market movements in a day, so they are very careful in investing. while some of their investors keep their bitcoins for a little longer, at least 3 months, so the price of bitcoin often falls in the first and second months, they don't pay attention at all, while others panic 3 times a month because they don't have a target in investing.

To be careful is what every investor needs to do before they want to spend their money on the investment. It is better to research for more than invest in a rush because that can lead you to lose your money value. But if that is about invested in bitcoin, your loss can be back to profit in the future, especially if bitcoin prices back increases to the higher price, more than the price you bought before. If you can research before buying bitcoin, you will know when a good time to buy bitcoin and what to avoid while you invest in bitcoin.

[Devifajarina]

I have become more cautious on the market from speculating that it might pump similar to the pump of December of 2020. My reasons for this are China Evergrande and the speculated connection of Tether’s holding of Chinese companies commercial paper. Tether’s lawyer denies this, however, we cannot trust his word until we can verify this.

Also, bitcoin is moving higher after the dump, however, open interest is not increasing and funding rate is negative. This implies traders are short selling.

Caution in the market from speculation is needed, the current market conditions are not so erratic, so caution is needed in making decisions, speculation made by China is also very dangerous for bitcoin and other coins, although not so much impact, but this has affected some investors to refrain from buying or mining, but in the case of bitcoin I believe it will see a rise in price by the end of this year.

[Shasha80]

some crypto players see market movements in a day, so they are very careful in investing. while some of their investors keep their bitcoins for a little longer, at least 3 months, so the price of bitcoin often falls in the first and second months, they don't pay attention at all, while others panic 3 times a month because they don't have a target in investing.

To be careful is what every investor needs to do before they want to spend their money on the investment. It is better to research for more than invest in a rush because that can lead you to lose your money value. But if that is about invested in bitcoin, your loss can be back to profit in the future, especially if bitcoin prices back increases to the higher price, more than the price you bought before. If you can research before buying bitcoin, you will know when a good time to buy bitcoin and what to avoid while you invest in bitcoin.

We must always be careful when making decisions when investing in crypto. Because investing in crypto can not only generate big profits,
we can also experience big losses. Moreover, crypto prices are very volatile, it is very necessary to research and analyze price movements
in the market. In order to at least get an idea of where the market will move, so the decisions taken can be right. Because it is very important
to make preparations, so that the money we use for investment is not wasted.

[STT]

Just recently we are once again approaching the highs or trend highs that match the whole years higher tier price action.   On the recent lows we travelled above the 12hr average with very fast momentum, stayed sideways above that and now find 2 day average marks lows and price registering gains today.
   Generally I wont count any of these gains till it solidifies on 4hr bars above the declining trend, so later Aug highs and mid sept also as per OP

[RealMalatesta]

To be careful is what every investor needs to do before they want to spend their money on the investment. It is better to research for more than invest in a rush because that can lead you to lose your money value. But if that is about invested in bitcoin, your loss can be back to profit in the future, especially if bitcoin prices back increases to the higher price, more than the price you bought before. If you can research before buying bitcoin, you will know when a good time to buy bitcoin and what to avoid while you invest in bitcoin.

When people rush into things that is due to two things ; either they are very new and they want to take advantage of the crypto market like they heard so many people made money from and they want to buy and hope that they would be able make money right away as well, or they are in but they got out and they saw it going up again so they will end up buying again right away to not miss out.

Both actions are wrong, it is always better to wait for a crash before you buy, if there is a huge crash that makes everyone upset then you can buy and then you will make enough money to say that you made a good purchase, plus of course you need to do research as well.

[pooya87]

Both actions are wrong, it is always better to wait for a crash before you buy, if there is a huge crash that makes everyone upset then you can buy and then you will make enough money to say that you made a good purchase, plus of course you need to do research as well.

These are all pretty theories but they remain theories. The reality is that people know this and yet they continue panic selling and panic buying. We even saw a case of panic buying but a very small scale recently when price jumped from $42k to $48k as a very tiny number of panic buyers jumped in.
Just wait until price breaks certain resistances and the FUD campaign to end and you'll see more of it...

[el kaka22]

Both actions are wrong, it is always better to wait for a crash before you buy, if there is a huge crash that makes everyone upset then you can buy and then you will make enough money to say that you made a good purchase, plus of course you need to do research as well.

These are all pretty theories but they remain theories. The reality is that people know this and yet they continue panic selling and panic buying. We even saw a case of panic buying but a very small scale recently when price jumped from $42k to $48k as a very tiny number of panic buyers jumped in.
Just wait until price breaks certain resistances and the FUD campaign to end and you'll see more of it...

Unfortunately people are not financially educated in the world, that is the biggest trouble. What is it that decides basically all of our future? How we live, what type of life style we have, what type of house we have, what type of hobbies we may get, basically ALL of our lives?

It is money, if you do not have any money, barely survive, live in a bunker level place, barely eat food, then you will not be able to enjoy life, or if you are very wealthy then you would know your hobbies, can spend time on them, go to best doctors when you have something or just generally live a great life, it is ALL related to money. What do we not teach children at school? Finance, as in money.

There is no class from first grade until college regarding money and in college only the people picked a major that is related to money sees something about it, I studied literature and I never saw anything related to money for 16 years when I studied from age 6 to age 22. This is why people do not know what to do and panic, because for them money is something like a hobby, earning money is something you learn after you are 22 years old (for most people) and that is why it is hard to get good at it.

[Lanatsa]

Both actions are wrong, it is always better to wait for a crash before you buy, if there is a huge crash that makes everyone upset then you can buy and then you will make enough money to say that you made a good purchase, plus of course you need to do research as well.

These are all pretty theories but they remain theories. The reality is that people know this and yet they continue panic selling and panic buying. We even saw a case of panic buying but a very small scale recently when price jumped from $42k to $48k as a very tiny number of panic buyers jumped in.
Just wait until price breaks certain resistances and the FUD campaign to end and you'll see more of it...

If you are someone who do jump into this market without having any ideas on how it works then you would totally commit out mistakes but its part of the learning process because you wont really be learning if you don't experience things.

You would really be cautious in next time because you do have already the experience and this is where you do really depend on your skills that you have learnt.

It is just sensible that you would really be making out adjustment since  you do already know on what to do next time.