Crypto Market on the Rise, But Proceed with Caution!

[dunfida]

No one could tell on where is the bottom
No one could tell on where is the peak price at this moment

This is why these things do really make even more harder for us to guess.When you are a crypto investor or trader then it would really be that significant
that you should proceed out with caution since we know that this market could make up some switch up in a blink of an eye without tending to follow
any indicators whether it would be technical or fundamentals and this is why you should watch out.

[South Park]

It's always wise to think that the market can move in any direction. Even though the price is currently in a positive trend, volatility is still unavoidable.
I had been looking at $23K while ago, but a sudden correction brought the price down to $22.7K. So there is always dip risk, but if you want to invest in the long term then it's a good idea to consider DCA.

I had no doubts that the bitcoin price would never drop below $20K again, but we can never really say anything for sure. Consider your risk, invest for the amount you can afford to lose.

This can be a problem for some traders, they are so confident on the analysis they have made they convince themselves their prediction will become true, and when it does not happen instead of simply accepting this they refuse to acknowledge the movements of the market and simply assume the market is moving in an incorrect way, which is insane as there is no way the market can be wrong, we the traders are the ones which make mistakes and we need to correct them when we make them

[kamvreto]

It's always wise to think that the market can move in any direction. Even though the price is currently in a positive trend, volatility is still unavoidable.
I had been looking at $23K while ago, but a sudden correction brought the price down to $22.7K. So there is always dip risk, but if you want to invest in the long term then it's a good idea to consider DCA.

I had no doubts that the bitcoin price would never drop below $20K again, but we can never really say anything for sure. Consider your risk, invest for the amount you can afford to lose.

This can be a problem for some traders, they are so confident on the analysis they have made they convince themselves their prediction will become true, and when it does not happen instead of simply accepting this they refuse to acknowledge the movements of the market and simply assume the market is moving in an incorrect way, which is insane as there is no way the market can be wrong, we the traders are the ones which make mistakes and we need to correct them when we make them

A technical analysis or prediction made will not be 100% accurate, there will be some errors due to volatile market trends. Many factors affect the price of the crypto market which is unstable such as some manipulations carried out by whales, as well as some FUD that suddenly appear.
Some traders who do the wrong analysis must have a backup plan to be able to overcome it, if traders only have one plan, they cannot change plans, then the trade will fail and some will also panic.

[michellee]

There are always such thoughts about the cryptocurrency market... but what about the result?... Many people have been working for more than a day, and they see the result of such forecasts.

The result will depend on how hard everyone works. If they try harder than others, they can surely get better results. There is no result if people can't or don't want to try because what we get depends on how we try. Results will not lie to the effort put in by people. If they keep doing it by not giving up, they will get better results.

[Kelvinid]

There are always such thoughts about the cryptocurrency market... but what about the result?... Many people have been working for more than a day, and they see the result of such forecasts.

The result will depend on how hard everyone works. If they try harder than others, they can surely get better results. There is no result if people can't or don't want to try because what we get depends on how we try. Results will not lie to the effort put in by people. If they keep doing it by not giving up, they will get better results.

No matter how you work hard if it still not doing well, you can never expect good results. It was been said that trading is too risky, even if you have a deep knowledge of the market but still we need to be careful and think several times before making a decision otherwise, a mistake is possible.
We can't just think that the rise we have today is a good indication, sometimes it is also a trap for us. That is why we should observe the market trend as well and don't rush to make decisions.

[AicecreaME]

Buying bitcoin right now on the recent price ain't that bad for a long term hodl while waiting for the bull run, so you can proceed without doing any caution at all, in my opinion, as long as you'll only invest what you can afford to hodl for the long run. I'm not a fan of gold so all I can is Bitcoin is the best to have, high volatility, high profits that's for sure if you know what you're doing.

Also, don't store your Bitcoins in exchanges just in case you guys wanted to invest in Bitcoin while it's still far from its past all time high price.

[naira]

Investing carefully is a must, but what if the fact is we have left the $16K train and may not come back. Bitcoin is above $20K and is holding up quite strongly as investors and institutions respond becoming more aware that investing in Bitcoin is more promising for the future. Moreover, the next ATH can be above $ 70K. It is undeniable that many of us are too trying to take a break when the bear market ends in 2022, whereas after the bull market at the beginning of the year, they try to enter. Shouldn't the opportunities in the bear market be put to good use? why just realized it?

[el kaka22]

A lot of people are worried about the upside, and a lot of people were worried when it was in bear market as well, when are people not worried? Does it have to be 100k before you could be pumped and hyped about this. If you are not happy during bear market then I would understand, but why are you not happy and hyped about the price when we recovering to 23k levels?

We all should be celebrating this situation and we should be considering this as a path that is taking us to profits all over again. I am not saying we will be 100k tomorrow, but the path to 100k starts with first going over 20k, and now going over 30k soon hopefully, that's how we should be approaching it.

[Fesatmas]

A lot of people are worried about the upside, and a lot of people were worried when it was in bear market as well, when are people not worried? Does it have to be 100k before you could be pumped and hyped about this. If you are not happy during bear market then I would understand, but why are you not happy and hyped about the price when we recovering to 23k levels?

We all should be celebrating this situation and we should be considering this as a path that is taking us to profits all over again. I am not saying we will be 100k tomorrow, but the path to 100k starts with first going over 20k, and now going over 30k soon hopefully, that's how we should be approaching it.

Every time we step on a certain situation, we always feel worried. Worry is actually something that must exist, but don't overdo it, that's what makes it bad. For some people, when the bitcoin price hits 20k or even more, it will make them happy because they have managed to combat their worries by buying bitcoin at 20k and below. Now, people who can't control their worries then mutate into regret, yes, they regret not buying bitcoins when they were still in the tens of thousands. That's something we're always going to see in algorithms that are always going to happen.

[michellee]

There are always such thoughts about the cryptocurrency market... but what about the result?... Many people have been working for more than a day, and they see the result of such forecasts.

The result will depend on how hard everyone works. If they try harder than others, they can surely get better results. There is no result if people can't or don't want to try because what we get depends on how we try. Results will not lie to the effort put in by people. If they keep doing it by not giving up, they will get better results.

No matter how you work hard if it still not doing well, you can never expect good results. It was been said that trading is too risky, even if you have a deep knowledge of the market but still we need to be careful and think several times before making a decision otherwise, a mistake is possible.
We can't just think that the rise we have today is a good indication, sometimes it is also a trap for us. That is why we should observe the market trend as well and don't rush to make decisions.

Trading does have risks but it will depend on how we can overcome or minimize the risks and by learning more, we can know how to overcome those risks. By learning that, we can make decisions after knowing its risks because the average person doesn't think too much about those risks. And having more knowledge can help us think about what to do in that situation. We also won't rush into making decisions, especially if we feel that market conditions are not good.

[Mauser]

However, it's important to remember that the crypto market is still in a bear market and the bottom has not been reached yet. The editor of Daily, Teeka Tiwari, is a long-term bull on crypto but he advises caution and patience in the current market. He believes that there are several negative factors that need to be worked through before the long-term rally can restart.
It's important to be aware of these negative stories and to not let the bear market trap you.

Not really sure if this is the case in the crypto market right now. Looking at bitcoin for example we see the price is up 38% in the last month. That is a huge profit for anybody who bought his coins around the 16,000 USD. To me it seems that the bottom for bitcoins is around that level. The price has dropped a few times to that level, but nowhere close to the 10,000 USD level from a few years ago. I still remember Robert Kiyosaki stating publicly on Twitter that he will be buying a lot of Bitcoins at 17,000 USD. Like him there must be many big investors who would be willingly but a lot of coins if prices would ever drop further. The best thing we can do is to not try to find the exact bottom, because if we are wrong we could miss out on the next rally. Better to stay invested and participate on any new upwards trend.      

[tvplus006]

...The editor of Daily, Teeka Tiwari, is a long-term bull on crypto but he advises caution and patience in the current market. He believes that there are several negative factors that need to be worked through before the long-term rally can restart...

They didn't say anything new, as everyone should know that the cryptocurrency market is very volatile and it is necessary to take care of your funds. It is the responsibility of each investor to assess the current market situation and if he sees that there are prerequisites for a change, he needs to take action to save his deposit.

[CryptoYar]

No one could tell on where is the bottom
No one could tell on where is the peak price at this moment

You are right, no one can catch neither the top nor the bottom.

Because when the price of bitcoin is falling, you get to hear more lower targets from all sides. As it happened this time too, the price of bitcoin dropped to $15500 but still, people were not considering it as the bottom and were hoping for $10k and $9k, and most people missed it.

Similarly, when the bitcoin rallying, people only look at the higher targets, as we witnessed in last bull trend bitcoin hits $70k but we were optimistic for $100k. (Although in next bull market 100k is minimal target but still we missed the top)

So, don't try to catch the top and bottom. Buy when everyone is in extreme fear and sell when everyone is in fomo.

[AnonBitCoiner]

It's true that despite the negative reputation that crypto assets have, they have been performing well in the beginning of 2023. Bitcoin, as an indicator of the overall crypto market, has risen 27% since the start of the year, while the S&P 500 has only risen 2.6% and gold has risen 5.4%.

It's true that recently some biggest upset have been given wrong impression to people about crypto. Most worst was Luna and Ftx Which sunk people's money but I think after these Unfortunate incident new stage has been started and now trusted exchange Wii be used for trading. Some positive News are also come to hear that in white house advisor are working on law which control the crypto scam. BTC should break major resistance of 30k and then I think it will be start of bull season.

However, it's important to remember that the crypto market is still in a bear market and the bottom has not been reached yet. The editor of Daily,

Yes Fear in the market is not over yet and bug trader still waiting for Btc to break major supports. Many coins are pumping while BTC trading below 24k. There is chances for Btc to down again below 20k because seller pressure is high and it's not let BTC to break 24k but it's still non predictable which side Bitcoin will go. I think in these conditions it's better to wait for Market and also keep an eye on News. If there is any  positive News then it's better to buy some BTC and should not be miss opportunity.

[Sebas.tian]

I think, the opportunity to make a good profits is still available in the market, because the bearish is still on in the market which is an opportunity for those investors that missed the opportunity to use this period to buy and wait for bullish season to come. There are some sign around the crypto market that showed, many investors will have something good to achieve soon from their investments if they can still hold for the stable pump to take over the market,so that many people will use the opportunity to smile in the market.

[michellee]

I just know that bitcoin had hit the lowest price of the year at $15k and after that, it bounced up again and eventually, the price of bitcoin reached the price we are seeing now. But to say that it's not the lowest price, I can't say for sure because it could go back to $15k and then drop even further.

But now the market conditions are better than a few months before so many of us can benefit. Their bitcoin investment is starting to show positive results. They can start selling it now or keep holding it until the next ATH is reached.

[tjtonmoy]

I just know that bitcoin had hit the lowest price of the year at $15k and after that, it bounced up again and eventually, the price of bitcoin reached the price we are seeing now. But to say that it's not the lowest price, I can't say for sure because it could go back to $15k and then drop even further.

But now the market conditions are better than a few months before so many of us can benefit. Their bitcoin investment is starting to show positive results. They can start selling it now or keep holding it until the next ATH is reached.

Many new investors have bought BTC in the recent bear market around 15k - 17k. If you calculate that to the current market, then they are in the green side. As new investors, they will most likely sell all of their holdings if they see a sudden drop in price. They are not here to trade or HODL and whenever they think that their profits are going down, they will most likely sell all of their assets.
They don't care about the future. They are here to make quick money.

So I still think there's a chance of BTC falling down again.

[beerlover]

It's recommended to be cautious and to focus on incredible buying opportunities when they arise. Despite the current market conditions, the future of crypto remains promising, with institutions like Fidelity launching new bitcoin products and more favorable regulations in countries like Brazil. Over the long-term, the outlook for crypto is positive.

When we are confident about positive in long run, I believe we can focus on all dips and not only on incredible opportunities. I mean if you are too technical then you might get misled by lagging indicators when filtering out right buying opportunities. Just believing into the fundamentals of bitcoin ecosystem will help and especially at the end of bear markets. Just buy at every dips for small amounts and hold for years to decades and then everything will be fine.

There are some sign around the crypto market that showed, many investors will have something good to achieve soon from their investments if they can still hold for the stable pump to take over the market,

In my opinion as well, only those bitcoiners who choose to hold might get chances to see more profits than the ones who tries to catch all reversal points. Holding got little to no stress still greedy people go for active trading and achieving nothing bigger than holders in the end.

[virasisog]

I just know that bitcoin had hit the lowest price of the year at $15k and after that, it bounced up again and eventually, the price of bitcoin reached the price we are seeing now. But to say that it's not the lowest price, I can't say for sure because it could go back to $15k and then drop even further.

But now the market conditions are better than a few months before so many of us can benefit. Their bitcoin investment is starting to show positive results. They can start selling it now or keep holding it until the next ATH is reached.

Many new investors have bought BTC in the recent bear market around 15k - 17k. If you calculate that to the current market, then they are on the green side. As new investors, they will most likely sell all of their holdings if they see a sudden price drop. They are not here to trade or HODL and whenever they think that their profits are going down, they will most likely sell all of their assets.
They don't care about the future. They are here to make quick money.

So I still think there's a chance of BTC falling again.

Anything could happen at any time because that's one of Bitcoin's characteristics. It could either drop down or continuously rise higher. I don't see anything wrong if investors would sell their assets at a profitable price as long as they have both at 15k because profit is still profit. Some investors are just buying to make a profit from every pump and not to hold it in the long run or neither trade it and play with the price.
However, I don't believe that the crypto space has made a negative reputation because the number of investors is increasing each day and there are also adoptions happening. The price will always be volatile and unpredictable but that doesn't make its reputation bad because we are making a profit through it. There are just things that affect its value these past few months.

[Falconer]

I've had good PNL so far after doing some accumulation. Obviously taking advantage of the previous bear market has made me profitable today, but what's next - it's going to be something I'll hold them with for the long term (maybe next 2-3 years).

You, I and anyone else still have the opportunity to accumulate assets during 2023. Of course the market is increasing but the market still gives anyone the opportunity to buy a lot. Bitcoin is still at -66% from its previous ATH, and people should be able to take advantage of the current market situation to buy more. I may have had luck getting it at lower price, but that doesn't mean the price won't return to its previous low.