Bitcoin may not experience blood bath

[Kasabus]

This is correct and losing is always be a part of trading that's why if you are in this very volatile market you should be ready to risk but you should know how to minimize the risk since you won't like it when losing a lot though that's why minimizing or handling the risk well is a must.

It was expected already that traders want a decent return when in this volatile market but you need skill that can surpass the volatility and risk in this market.

that's why people who have been in crypto for a long time, especially people on this forum, often suggest investing if you are ready to lose and at least use money that will not be used in the near future. because what I feel so far is as you say. The market is very unstable and especially for December and January now and indeed we must accept this and remain calm so that what we do is not wrong when the market is like this.
the market may be hot and prices continue to fluctuate but we must not get carried away and must be level-headed in determining actions

That advice applies to all kind of investments and not only to bitcoin, after all it is easy to think that we are not going to need the money that we invest in it, but life is full of surprises which means that just at the worst possible time when the market is hitting the bottom is when we need the money, this is why it is important have several saving funds so we do not have to touch our investment at the worst possible time, but unfortunately this is an advice very few people follow, and they eventually pay the consequences of those mistakes.

When it comes to any types of investments, we always have this golden rule "Never invest money that you can't afford to lose."  So definitely, save first for emergency purposes, and after that you can start saving to finance your investment. However, having bitcoin as our topmost investment will give us an edge from some other investments because of the expected huge returns. But bitcoin will never stay in peaks at all times, it has also its own flaws that we should learn to manage. This is the reason why bitcoin needs a higher risk since its not a guaranteed source of profits all the time.

[1714669878]

1714669878

[1714669878]

1714669878

[virasog]

As the crypto market matures, we are seeing more stability and less volatility with prices, but of course as the industry is still relatively young, it will still be much more volatile than many other markets. I don't see a massive plunge in bitcoin's price without a massive pump beyond the previous all-time high. The good thing about a more level cycle is, although the profits will not be as much, there will be a less pronounced crash during the bear market. On the other hand, I think many shitcoins need to die off.

Well said. Crypto market will get more mature and stable as more and more institutions will invest in it and its marketcap increases to reasonable levels. I think Bitcoin will not see any major fall in coming weeks or months as it has already bottomed out when its price fell to around 33K level which in my opinion was bottom. This morning Bitcoin opened the new week with its price above 42K which indicates that we will see organic growth in its price in coming weeks. DYOR

Since the recovery already happen and people's attention are into it right now maybe we can see stable or little much bullish condition at the moment, for sure many think that the bearish phase already ends since many are now accumulating so hopefully we can see brighter figure to see on what will happen next since for now its hard to give a prediction towards what will happen next month.

Even though bitcoin has recovered, this makes it chances more to again dump from the resistance. The probability of going higher was more at 33K as compared to now at 44K. If bitcoin dump 1000 - 2000 $ in a day, we may experience another bloodbath in the altcoins. Right now, i am not sure, if the market will keep on moving towards 50K or we are going back to 35-36K level. However, in the case of dump, there will be some support at 40K level also.

[Maestro75]

Yea.. I used to have the same opinion that we wouldn't have 2018-levels of corrections because of how different the space is today. But now that most people seem to have the same opinion, I'm having doubts. Most of the time, things go "wrong" when people get overly bullish; like in this case.

You are funny. You want to be the only one standing alone but that is not going to be possible. Alot of people are bullish on bitcoin because they want it to come up in price so they can cash out. But if they are not heavy investors their opinion will not do anything for them. I like it when people get bullish as it brings in FOMO and hype, and this will spread like wildfire and get more people interested.

[Baofeng]

Yea.. I used to have the same opinion that we wouldn't have 2018-levels of corrections because of how different the space is today. But now that most people seem to have the same opinion, I'm having doubts. Most of the time, things go "wrong" when people get overly bullish; like in this case.

You are funny. You want to be the only one standing alone but that is not going to be possible. Alot of people are bullish on bitcoin because they want it to come up in price so they can cash out. But if they are not heavy investors their opinion will not do anything for them. I like it when people get bullish as it brings in FOMO and hype, and this will spread like wildfire and get more people interested.

Of course who doesn't want the price to increase, though we all know that bitcoin market has bullish and bearish cycle. And there have been comparisons that we may have a 2018 bearish movement.

So far though, it seems that about a week, the price seems to be going up, there is no FOMO and the only reason we can think of is that stock investors who sold their FB went to bitcoin market. But still we need to be cautious of this kind of movement and we can't just simply say that we are bullish right now.

[Congyang]

that's why people who have been in crypto for a long time, especially people on this forum, often suggest investing if you are ready to lose and at least use money that will not be used in the near future. because what I feel so far is as you say. The market is very unstable and especially for December and January now and indeed we must accept this and remain calm so that what we do is not wrong when the market is like this.
the market may be hot and prices continue to fluctuate but we must not get carried away and must be level-headed in determining actions

That advice applies to all kind of investments and not only to bitcoin, after all it is easy to think that we are not going to need the money that we invest in it, but life is full of surprises which means that just at the worst possible time when the market is hitting the bottom is when we need the money, this is why it is important have several saving funds so we do not have to touch our investment at the worst possible time, but unfortunately this is an advice very few people follow, and they eventually pay the consequences of those mistakes.

It's true that this all leads to everything that we invest in and not only Crypto but because here we are only discussing Crypto so I narrow it down to be more specific but indeed I do not deny that this is an action taken for all who invest everywhere not only for cryptos.
Now this is the problem, why do we have to do it with money that is really not really used and ready to lose because we will not know about life, sometimes the need comes suddenly and cannot be predicted.
So why is this not done too much, because many of us are still naive and always hope that profits will always occur so we don't predict a market that is indeed volatile.

[LUCKMCFLY]

Of course who doesn't want the price to increase, though we all know that bitcoin market has bullish and bearish cycle. And there have been comparisons that we may have a 2018 bearish movement.

So far though, it seems that about a week, the price seems to be going up, there is no FOMO and the only reason we can think of is that stock investors who sold their FB went to bitcoin market. But still we need to be cautious of this kind of movement and we can't just simply say that we are bullish right now.

I agree with you, however, seeing that throughout the year 2021 a lot of investment entered the market, many institutions, those institutions do not like to see their investment drop in price so much, so it is possible that they put up sales walls to stop the bears, this is normal, since they are considered the strong hands of the market, it is for this reason that even for me the strong hands of 2018 have not yet come into action, only the new investors are the ones who have moved the market.

[GeorgeJohn]

all I'm doing right now is holding and holding until my target is touched.
regardless of blood or green I don't really have a problem with this because something is bound to happen, when bearish happens, it's bullish and vice versa.
so, just enjoy the moment because it is a process regardless of green or red. when it's strong then continue when it's not strong you can look for other better alternatives although so far I haven't found anything better than bitcoin

I know, some don't bother when bitcoin price is accelerating or depreciating, because of the time frame period of investment, it seems that at this period many prefer holding for long periods than be inquisitive about the acceleration of cryptocurrencies generally, their is one major factor that we have to consider mostly in crypto sphere, the first do not discouraged anyone for his method of generating income or profit in cryptocurrency, i notice that some investors benefit during bearish time, because they engaged in purchasing in quantum of cryptocurrencies and invest for long periods.