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Author Topic: How do you feel about market recovery  (Read 2002 times)
uneng
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January 14, 2023, 12:10:20 AM
 #21

could it be that the bull has started this early year without getting into the bitcoin halving or could it be there is a positive news concerning there entire cryptos?
Many enthusiasts predicted bitcoin would become bullish only after the halving which will happen next year, but it could be that Bitcoin is entering a new phase already. Everything is possible in this market, so let's see what the next days and weeks bring to us.

Just one last more,  how do you feels with the market? Do you feels you have been left out or possibly you wanna make a turn to buy now since it hasn't touched $20k yet?
I'm calm and patient to wait the time it takes until Bitcoin finally leaves this bearish market. I did some mistakes, but still don't feel like I was left out of the game. I'm happy with what I'm holding at the currently moment, but would definitely hold more coins if it were possible for me.

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January 14, 2023, 03:10:45 AM
 #22

Hello dearies!

Something came into my mind and I decided to asked here to see the mind of everyone here towards the market.
Few days ago, there have been a sudden change about the entire crypto market which gradually drive bitcoin from $16k to $19k plus, could it be that the bull has started this early year without getting into the bitcoin halving or could it be there is a positive news concerning there entire cryptos?
There are lot of post I have been reading all this while the majority of them were pointing out to be after bitcoin halving.

Just one last more,  how do you feels with the market? Do you feels you have been left out or possibly you wanna make a turn to buy now since it hasn't touched $20k yet?

Please don't find my post as annoying because I m also learning which I strongly believe I will know more better as time comes.

You can table out your opinion.
Few days ago? It just happened within a day and the price almost crossed $21,000. The bull market doesn't always happen during the halving. Its a volatile market and anything can happen to the price any moment. We can see the price go back above $30,000 or maybe it might fall back and a quick correction might take place. This is a market that no one can predict. Look at the new few weeks ago. Those "experts" and "analysts" were expecting the price to dip further down to $10,000. And now we will say them say a different thing. 
I don't "feel" anything. It's been like this for years. Nothing new for me. I just haven't sold anything during the bear market.




Not a single asset goes up/down in a straigth line. Bitcoin pumped to 69k from 3k. Dumped from 69k to 16k. The 16k-20k recovery is nothing spectacullar that needs strong positive news to happend. Its just an everyday price action. It only looks like a big move because bitcoin was in ATL in terms of volatility last 2 months.

BTC is in bear market for 400 days. 600 days if we skip fake new ATH in Now 2021. Fear greed index show extreme fear for last whole year if we skip few days of fear and neutral. This bounce is nothing strange.

What's a fake All Time High?

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January 14, 2023, 05:50:26 AM
 #23

Hello dearies!

Something came into my mind and I decided to asked here to see the mind of everyone here towards the market.
Few days ago, there have been a sudden change about the entire crypto market which gradually drive bitcoin from $16k to $19k plus, could it be that the bull has started this early year without getting into the bitcoin halving or could it be there is a positive news concerning there entire cryptos?
There are lot of post I have been reading all this while the majority of them were pointing out to be after bitcoin halving.

Just one last more,  how do you feels with the market? Do you feels you have been left out or possibly you wanna make a turn to buy now since it hasn't touched $20k yet?

Please don't find my post as annoying because I m also learning which I strongly believe I will know more better as time comes.

You can table out your opinion.
It's good to see an uptrend in the market, not every uptrend means the start of a bull market. Now is still a good opportunity to accumulate more. Not yet enough to draw conclusions about a market recovery.
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January 14, 2023, 06:13:33 AM
 #24

Of course, I have seen some data these days, and the prices of cryptocurrencies are all on the rise. I think the market recovery is certain, and now is just the beginning. Anything can be used as a key to influence the market. We must seize the opportunity. Maybe now is an opportunity. You can choose the combination you like to plan.
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January 14, 2023, 07:07:27 AM
 #25

I don't know if we call small pumps also bull run because for me the prices needs to jump high and on constant basis and that will happen when there will be huge investments in market again which is not happening now so just wait and see what the market reacts next as it could go down again with next fluctuations.Bull run is still awaited but hope we enter it soon.

Not a single asset goes up/down in a straigth line. Bitcoin pumped to 69k from 3k. Dumped from 69k to 16k.
Unless you have invested in shitcoin which went into straight line of dumping once the owners make profit out of your pocket and it doesn't have any long term growth so stay away from such coins.

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January 14, 2023, 07:41:52 AM
 #26

Well, I'm happy it finally came back to 20k (price right now) and finally left that range where you can't help but feel it might go down again. Still, I reckon we might dip down back after a few days, or weeks since the price increase was kind of straight instead of something steady (which was what I expected really). It should be temporary though, maybe another up-and-down movement from between 19 and 20k, for a few days. In the bigger picture though this isn't exactly anything big, after all we're still pretty far off from $30k itself. We just kind of opened up a space between the possible worst case scenario (which is a dip to $10k or so imo). 

R


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January 14, 2023, 07:42:38 AM
 #27

What's a fake All Time High?

BTC reached 64800$ in 14 Apr 2021 where I think its the best place to call a "bull market end" and the beginning of present bear market. We hit a new higher high but it took price 210 days to do so and it was only a 6% higher than previous ATH and last only for few days.
I call it fake ATH because there was no continuation and it only made analysis of present bear market harder. Also its possible that we did not hit new ATH (in purchasing power - adjusted for inflation) because we had high inflation this days.
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January 14, 2023, 08:22:22 AM
 #28

I don't know if we call small pumps also bull run because for me the prices needs to jump high and on constant basis and that will happen when there will be huge investments in market again which is not happening now so just wait and see what the market reacts next as it could go down again with next fluctuations.Bull run is still awaited but hope we enter it soon.
Small pumps can be called as mini bull run but not a regular bull run of course. You defined the bull run well in your post and also what can cause it. What makes people invest heavily is of course when there is a bear market or the price of the coins are falling down but there might be some who invest when the market is recovering because this is the only time that they feel confident.

So, we are here in the moment where the market is recovering again. I expect this will continue since there are people who will now re-enter and buy more coins. The feeling is superb when the market is recovering especially now that we haven't saw it at a very long time.

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January 14, 2023, 08:34:22 AM
 #29

Few days ago, there have been a sudden change about the entire crypto market which gradually drive bitcoin from $16k to $19k plus, could it be that the bull has started this early year without getting into the bitcoin halving or could it be there is a positive news concerning there entire cryptos?
Halving is once-in-4 years thing but if you go through bitcoin chart, you can find lots of bull action through out every year which means halving alone not triggering bull market but there are lots of other positive news as well. This time I guess FOMO has arrived earlier than expected. We all expected bull run and everyone wants grab cheaper than others which lead to wild FOMO.

how do you feels with the market? Do you feels you have been left out or possibly you wanna make a turn to buy now since it hasn't touched $20k yet?
Keep buying will help even below or above $20k levels. But, current situation is not sustainable so expecting another pull back from here could be a wise decision but make sure you are into DCA for avoiding disappointments.
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January 14, 2023, 09:18:30 AM
 #30

Well, I'm happy it finally came back to 20k (price right now) and finally left that range where you can't help but feel it might go down again. Still, I reckon we might dip down back after a few days, or weeks since the price increase was kind of straight instead of something steady (which was what I expected really). It should be temporary though, maybe another up-and-down movement from between 19 and 20k, for a few days. In the bigger picture though this isn't exactly anything big, after all we're still pretty far off from $30k itself. We just kind of opened up a space between the possible worst case scenario (which is a dip to $10k or so imo). 
The top 4 coins in the CMC are turning green now. Whether it is a trap or not, at least we're getting back high a little bit but we couldn't assure how long it takes this high because we've never found a valid reason for the cause of this pump. I wasn't thinking we are tuning bullish but rather to believe we are still in the bear market.


However, this scenario will give hopes for those who bought Bitcoin at $20k for at least they know that it was not impossible to earn profit if they will hold.


R


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January 14, 2023, 02:33:38 PM
 #31

Just one last more,  how do you feels with the market? Do you feels you have been left out or possibly you wanna make a turn to buy now since it hasn't touched $20k yet?

The crypto market is bigger and bigger... now we are just a bit under 1 trillion, but that's alright I guess, 5+ years ago that trillion was something we could just imagine. So now I believe that crypto will make another boom in the next 2-3 years, and we will probably see some new records... as it always happens. Bitcoin will be one of the rising stars for sure, but for all others nothing is certain. The top 10 list is changing every few years, except for that first place.

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January 14, 2023, 04:12:52 PM
 #32

Despite the state of optimism that the market is currently going through, recent news in the crypto market indicate the worst, including the collapse of service platforms and layoffs of employees from the platforms, in addition to the increase in legal legislation restricting the freedom of financial activity in the crypto space, whether for individuals or companies.

I also think that it is a circumstantial recovery period that was expected at the beginning of the new year. Except that the period of recession caused a large and sharp decline in prices, and recovery by only 10 percent will not benefit it. On the other hand, the circumstantial recovery may help the return of those who left the market during the recession, and may also encourage the restoration of confidence in crypto.

For people who missed the opportunity to buy when Bitcoin reached below $15,000, the opportunity has not been missed yet, and they can take advantage of the recession that will apparently continue until the next Bitcoin halving.

R


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January 14, 2023, 04:33:47 PM
 #33

I don't even think it would last long. Remember SEC is investigating Binance and they are always bound to unearth some nasty stuff
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January 14, 2023, 05:56:02 PM
 #34

Just one last more,  how do you feels with the market? Do you feels you have been left out or possibly you wanna make a turn to buy now since it hasn't touched $20k yet?
Please don't find my post as annoying because I m also learning which I strongly believe I will know more better as time comes.
You can table out your opinion.

I am also pretty surprised to see the pretty significant gains in the crypto market in the last few days. At least for me, they completely came out of nowhere and i have to say that i am not really happy because of that because i still have some stable coins laying around that i wanted to invest into projects that are already big and established because so far, i have mainly very small and new projects in my portfolio.
Sadly for me i did not invest into NEAR when it was at around 1,30$ because i thought it would go down even lower than that and now as the time of writing it is at more than 2,20$ per coin.
I also think though that is not the start of a real bull run and that the prices will start to go down again pretty soon.
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January 14, 2023, 06:26:52 PM
 #35

It's great to see the market recovering but I wouldn't expect too much about it since I kinda feel like it's like a bull trap that sooner will make another huge drop that would make another bottom. I hope that won't happen since I kinda see how the pattern in the past did it that way.

Everything is turning green as soon as Bitcoin started to recover so does the altcoins too but let's not just get too crazy over this sudden pump there might be a twist around it. Instead do your thing and start to make a profit if that's how you feel or buy more and hodl for future bull run. Perhaps, holidays might be the most reason why crypto market was declining. Huh

3996
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January 14, 2023, 06:40:16 PM
 #36

If you really want to ask my personal point of view regardless to the technical analysis or all this fud-related stuff then i will stay on my previous statement this one is a pure trap situation but the market has good volume so my statement can wrong but my gut feel is same as this one is looking fake short time pump.

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January 14, 2023, 06:59:42 PM
 #37

Is the right moment to look at alts I found $CORE or Coreum Dao. Core network aims to uphold the Bitcoin network by acting like a second BTC block reward. When Bitcoin block rewards dry up in 2040, the Core network will be there to provide rewards for Bitcoin miners as they do the same for Core.

Amazing chance to keep growing in BTC at the same time as $CORE. Amazing Moonshot on MEXC
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January 14, 2023, 07:00:14 PM
 #38

~
Yeah I can even see it as well in my own extension in my browser. It seems like BTC went from 18k to 20k (almost 21k-ish) within the night last time I checked. Although like I mentioned in here, it is still pretty much early to call it bullish table. I would still call it a slow recovery.
Back to 64k soon maybe after bullish market starts right away. Cheesy
I agree that we might still experience some dips though.

Let's see within few days.
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January 14, 2023, 08:53:02 PM
 #39

Yeah I can even see it as well in my own extension in my browser. It seems like BTC went from 18k to 20k (almost 21k-ish) within the night last time I checked. Although like I mentioned in here, it is still pretty much early to call it bullish table. I would still call it a slow recovery.
Back to 64k soon maybe after bullish market starts right away. Cheesy
I agree that we might still experience some dips though.

Let's see within few days.
Its seems not really bad with Bitcoin recovering from $18,000 until reached $21,000 today although we have bigger expected for Bitcoin come back to all time high price above $64,000. I think its better with Bitcoin have positive side after break out little higher price today and many people expected the moment for bitcoin recovery back to higher price coming soon.

Hope there are not any bad news for one or two months later after Bitcoin stable and can reach higher price again, I don't expected with Bitcoin again to $64,000 but also consistency above $40,000 will bring positive impact as I am altcoin holder get back my profit after floating for longer time due Bitcoin crash last year.

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January 14, 2023, 09:51:23 PM
 #40

~
Bad news or not, if you're a strong hodler of Bitcoin, it would not matter regardless of whatever the first few feeds you see in Reddit/Twitter/FB or any social media sites that are sometimes being flooded by fake news and all those kinds of stuffs that brings nothing but FUD in the market.

64k reach is a bit of a stretch within this month if you would ask me, but there's no impossible at the same time. $40k seems fair and realistic, but again let's see what's coming for us within this month. Careful on what altcoin you're holding by the way since you mentioned it.
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