Crypto Market on the Rise, But Proceed with Caution!

[Finestream]

How did you know if the bottom is not reached yet?
Yes, bitcoin is too volatile it's not the same as other assets like gold and it's not easy to predict the price movement keeps changing but no one could predict if this year is still on a bear market or bull market.

But for me, since it is cheap compared to the price last year it is better to buy and hold because we don't know maybe $16k is the bottom and now it's starting to rising.

The market is moving in progress, regardless of how the prices move since it’s part of volatility. But knowing how risky the market is, not even knowing what will be it’s future price, that’s why we should always take caution in every action we may take. And I think doing DCA could be a great help, since you can always maximize your portfolio with profitable coins, regardless of how the market behaves. Much more when the market stays in bearish, then we should always be mindful of what coins to buy and to just stick with bitcoin and other prominent altcoins.

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[Cryptomultiplier]

How did you know if the bottom is not reached yet?
Yes, bitcoin is too volatile it's not the same as other assets like gold and it's not easy to predict the price movement keeps changing but no one could predict if this year is still on a bear market or bull market.

But for me, since it is cheap compared to the price last year it is better to buy and hold because we don't know maybe $16k is the bottom and now it's starting to rising.

The market is moving in progress, regardless of how the prices move since it’s part of volatility. But knowing how risky the market is, not even knowing what will be it’s future price, that’s why we should always take caution in every action we may take. And I think doing DCA could be a great help, since you can always maximize your portfolio with profitable coins, regardless of how the market behaves. Much more when the market stays in bearish, then we should always be mindful of what coins to buy and to just stick with bitcoin and other prominent altcoins.

The price of Bitcoin has been on a rise lately. Although this may not have anything to do with some concerns surrounding Binance as of late 2022 where several social media posts and online articles claimed that the exchange is not secure and that user funds are at risk.

These claims have been fueled by various factors, including the Celcius bankruptcy, the high-profile collapse of FTX, temporary withdrawal pauses, and the recent proliferation of phishing attacks targeting cryptocurrency exchanges.

This is a cautionary part of one of the tales to be vigilant on as well. Bitcoin may be rising but the hopes of a bull season is not bleak. DCA strategy as I keep reiterating on is one best style to invest long-term during this bearish season.


https://cryptoslate.com/binance-is-still-operating-normally-despite-months-of-fud/

[Cling18]

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%. 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.
It's also worth noting that the crypto market is still relatively small, so it's not necessary to make large investments to see significant returns as the market improves. 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.
More info at cryptocartel.co

Well said mate. I personally think it's time to monitor the market closely and wait for opportunities to buy/sell the coins.
Looking at the charts I think we will see a correction in the next few days followed by a good spike in the prices.
If that happens then I guess it will be a good time to place our buy orders when the market recovers from the correction.

It's a good thing to see how the market moves nowadays but we should still not be too confident about it because there is still a huge possibility that it would switch in a different direction in the coming days. We might be in the recovery phase but we should not disregard the fact that we might only get trapped if we will buy or sell without considering ththeossibility of a huge dump again. We must be wise in every move that we take in these critical market situations and just be observant.

[Quidat]

How did you know if the bottom is not reached yet?
Yes, bitcoin is too volatile it's not the same as other assets like gold and it's not easy to predict the price movement keeps changing but no one could predict if this year is still on a bear market or bull market.

But for me, since it is cheap compared to the price last year it is better to buy and hold because we don't know maybe $16k is the bottom and now it's starting to rising.

The market is moving in progress, regardless of how the prices move since it’s part of volatility. But knowing how risky the market is, not even knowing what will be it’s future price, that’s why we should always take caution in every action we may take. And I think doing DCA could be a great help, since you can always maximize your portfolio with profitable coins, regardless of how the market behaves. Much more when the market stays in bearish, then we should always be mindful of what coins to buy and to just stick with bitcoin and other prominent altcoins.

You should know on how volatility works!
You should know on how market behaves!
You should know about FOMO and FUDS.
You should know on how to read up technicals and fundamentals.

Always proceed with caution and dont make yourself that confident because dealing with this market is never been that easy.
You would be finding out for yourself on the time you do step your foot.Learn up from mistakes and be aware
and do what you do is right.

[AmoreJaz]

Well said mate. I personally think it's the time to monitor the market closely and wait for opportunities to buy/sell the coins.
Looking at the charts I think we will see a correction in the next few days followed by a good spike in the prices.
If that happens then I guess it will be a good time to place our buy orders when the market recovers from the correction.

have you noticed that the OP is just promoting his trading signal group/site? he cited the site at his last statement. they have full access membership up until $2400. so people should really be careful in subscribing such signal group as we all know most are just getting rekt by being a member of this. i would suggest to learn your trading on your own and learn those trading tips. but if you want to try their services, check their free trial offering.

[pawanjain]

Well said mate. I personally think it's the time to monitor the market closely and wait for opportunities to buy/sell the coins.
Looking at the charts I think we will see a correction in the next few days followed by a good spike in the prices.
If that happens then I guess it will be a good time to place our buy orders when the market recovers from the correction.

have you noticed that the OP is just promoting his trading signal group/site? he cited the site at his last statement. they have full access membership up until $2400. so people should really be careful in subscribing such signal group as we all know most are just getting rekt by being a member of this. i would suggest to learn your trading on your own and learn those trading tips. but if you want to try their services, check their free trial offering.

Oh well, my mistake, I didn't notice that OP was from a trading signals group.
I guess he might have edited his post since I am unable to see the membership fee of $2400 related part in his post.
I do see that he is promoting his site cryptocartel but I won't buy it.
I never go for signals as I prefer trading on my own which improves our skills and gives us the knowledge we need to survive in the long run.
Those who buy these signals are generally lazy and run behind profits which eventually they don't get because signals in crypto are never accurate.

[rozak]

Those who buy these signals are generally lazy and run behind profits which eventually they don't get because signals in crypto are never accurate.

Unfortunately, nowadays more and more novice traders buy signals like that to make it easier for them to get profits. Instead of studying on their own which of course takes time, beginners will consider instant profits by following signals.
this is not good, but this is what is currently happening a lot. of course anyone using the signal should do so at their own risk. because the signal giver or telegram group will not provide a guarantee for the assets traded.

[Silberman]

Those who buy these signals are generally lazy and run behind profits which eventually they don't get because signals in crypto are never accurate.

Unfortunately, nowadays more and more novice traders buy signals like that to make it easier for them to get profits. Instead of studying on their own which of course takes time, beginners will consider instant profits by following signals.
this is not good, but this is what is currently happening a lot. of course anyone using the signal should do so at their own risk. because the signal giver or telegram group will not provide a guarantee for the assets traded.

This is what happens when people want to invest but they lack the knowledge to do it, they want to somehow save themselves from the process of learning how to trade and they think buying signals is the way to go about this, since this is how signal providers promote their business, but for people which have experience in the markets it is obvious such a tactic will never work, but despite our warnings those people never listen as they prefer to believe such a thing is possible than to work hard towards their goals.

[kawetsriyanto]

One particularly valuable piece of advice is:
don't ever get carried away with the current market conditions. Because the volatility of Bitcoin is still ongoing and we don't know when Bitcoin might crash again or it will increase sharply again. That's why always remember to be wise and careful in various actions in the cryptocurrency world, especially investing in Bitcoin and other cryptos. It may look very good because the price of Bitcoin keeps going up, but we have to be prepared whenever it suddenly drops drastically. This is part of a cycle, where the ups and downs of the Bitcoin price change

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,

Sometimes, people are very fed up with negative news, and in the end, they don't think too much about the FUD so that their mental readiness in the market is stronger and maintained. therefore, they will not easily panic when there is a FUD attack. This makes some people stronger and the influence of negative news starts to fade over time. And we are very grateful because currently, the price of Bitcoin and some altcoins have experienced a significant increase.

[Bushdark]

Those who buy these signals are generally lazy and run behind profits which eventually they don't get because signals in crypto are never accurate.

Unfortunately, nowadays more and more novice traders buy signals like that to make it easier for them to get profits. Instead of studying on their own which of course takes time, beginners will consider instant profits by following signals.
this is not good, but this is what is currently happening a lot. of course anyone using the signal should do so at their own risk. because the signal giver or telegram group will not provide a guarantee for the assets traded.

Things are getting bias these days that is why we need to get the skill very well before we should attempt of going into trading fully. Trading is not a easy task so we need to learn like someone going to School, expending about two to three years in the university. This is a financial stepmwe are taking and losing our money especially people money would not be as easy as we think.

Trading is like gambling that we will need to take risks which is one of the thing that make us a trader. The amount of risk we take and not able to lose our profits with how we position risk is one of the things we needed to learn about the market

[dansus021]

Trading is like gambling that we will need to take risks which is one of the thing that make us a trader. The amount of risk we take and not able to lose our profits with how we position risk is one of the things we needed to learn about the market

Yes i do agree with this one trading just like gambling, in fact, it can be considered as gambling if you just enter without proper knowledge and just hope the price will rise.

That is why there is a lot of people that says trading is risky and need proper knowledge and money management,

Crypto markets should always be treated with caution, no matter whether it’s rising or declining. Currently market has increased a lot, but that doesn’t mean that the market will keep the pace and increase for the remaining time. There might be some ups and downs and it can happen anytime. So our priority is to understand the risk and act accordingly. Trade in limit and only trade the amount that you can afford to lose. At last manage and calculate the risk and invest wisely.

and also true, the financial market not just crypto is up and down at the current time we already see a correction even a small one at the time frame 1-4 hours

so you guys need a lot of caution because the crypto itself is very volatile

[South Park]

Unfortunately, nowadays more and more novice traders buy signals like that to make it easier for them to get profits. Instead of studying on their own which of course takes time, beginners will consider instant profits by following signals.
this is not good, but this is what is currently happening a lot. of course anyone using the signal should do so at their own risk. because the signal giver or telegram group will not provide a guarantee for the assets traded.

Things are getting bias these days that is why we need to get the skill very well before we should attempt of going into trading fully. Trading is not a easy task so we need to learn like someone going to School, expending about two to three years in the university. This is a financial stepmwe are taking and losing our money especially people money would not be as easy as we think.

Trading is like gambling that we will need to take risks which is one of the thing that make us a trader. The amount of risk we take and not able to lose our profits with how we position risk is one of the things we needed to learn about the market

It is not really necessary to spend so much time learning how to trade, unlike our school days when we had to learn many different topics at once we can learn exclusively whatever we want in our spare time, this reduces the time we need in order to achieve mastery over this topic, and if we also take into account there are many good traders which have shared their strategies over the years then this reduces the time needed to learn how to trade even further.

[LUCKMCFLY]

The best way to achieve a maximum success  is to have a long-term strategy, cryptocurrency markets can be highly unpredictable in the short-term, so it's important to have a long-term strategy in place. Don't make impulsive decisions based on short-term market fluctuations.
Crypto investment requires lots of patience, anyone who does not possess that will find it difficult to achieve anything in this space. The markets has been very positive the past days even their are different opinions regarding it.

I also think the same, in fact, whenever I go to do some trading, my first advance or my first analysis is to look for the longest trend, it is to go for a period of months, because that way I can see something else or how the trend could be. continue, so according to that, I'm going down in temporality, but as the temporality goes down, things get more difficult because the volatility is much higher, and that's something difficult to see or predict, when we do that kind of analysis. We must take into account many factors, and that sometimes requires reacting very quickly to the most abrupt movements in the market.

[cryptoreviewhunters]

New sources added:
Nebraskan Gooner
CEVO
cryptocartel.co

[freedomgo]

Still a bear for Bitcoin, as a log run. Although Bitcoin is positive in the short term. Since there hasn't been a significant decline this year, Bitcoin's growth has essentially been organic. Because Bitcoin keeps growing without ever declining, we should proceed cautiously. Although I initially believed it to be a trap, it appears I was mistaken and it is growing. Given that it is impossible to forecast when the price of bitcoin will hit its lowest point, we cannot declare that it has not. Proceed with caution, especially while dealing with altcoin. Altcoins will suffer if Bitcoin crashes even slightly.

Regardless of any market condition, it’s still best to deal the market with more caution so you won’t fall in any trap and see yourself losing in the end. Although I must say the market is showing a positive price increase these days, but knowing the fact that there is high volatility that will trigger the market any time, so we should always learn to be more cautious and mindful whether we are yet to start our investments or start the trading activity.

[Yamifoud]

The best way to achieve a maximum success  is to have a long-term strategy, cryptocurrency markets can be highly unpredictable in the short-term, so it's important to have a long-term strategy in place. Don't make impulsive decisions based on short-term market fluctuations.
Crypto investment requires lots of patience, anyone who does not possess that will find it difficult to achieve anything in this space. The markets has been very positive the past days even their are different opinions regarding it.

I also think the same, in fact, whenever I go to do some trading, my first advance or my first analysis is to look for the longest trend, it is to go for a period of months, because that way I can see something else or how the trend could be. continue, so according to that, I'm going down in temporality, but as the temporality goes down, things get more difficult because the volatility is much higher, and that's something difficult to see or predict, when we do that kind of analysis. We must take into account many factors, and that sometimes requires reacting very quickly to the most abrupt movements in the market.

This will imply the importance of doing market analysis, as seeing the previous and current performance will likely give us insights into what we do next and make decisions based on it. Regrets will never fall on us if we avoid them because as long as we are investing in the right time (or at least) there is no way we suffer losses but profit. It was not just investing in caution but also investing ONLY potential coins that could really give us profit, not those questionable projects, especially new projects.

[GigaBit]

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%. 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.
It's also worth noting that the crypto market is still relatively small, so it's not necessary to make large investments to see significant returns as the market improves. 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.
More info at cryptocartel.co

Well said mate. I personally think it's time to monitor the market closely and wait for opportunities to buy/sell the coins.
Looking at the charts I think we will see a correction in the next few days followed by a good spike in the prices.
If that happens then I guess it will be a good time to place our buy orders when the market recovers from the correction.

It's a good thing to see how the market moves nowadays but we should still not be too confident about it because there is still a huge possibility that it would switch in a different direction in the coming days. We might be in the recovery phase but we should not disregard the fact that we might only get trapped if we will buy or sell without considering ththeossibility of a huge dump again. We must be wise in every move that we take in these critical market situations and just be observant.

A few weeks of positive attitude have opened the door to a lot of possibilities in the Bitcoin world. But the desired moment is coming now? Many people are commenting on it. But as an ordinary investor I think this is not the proper time. As Bitcoin price takes less time to fall but may take longer to rise. The market is a bit bullish after a long time which is definitely a good sight. However, after settling at 25k it again reduce 23k when there were no buyers. So buying during this period may make the investor wait for a long time. Investing by looking at the next signal can be a very good decision.

[wxa7115]

Still a bear for Bitcoin, as a log run. Although Bitcoin is positive in the short term. Since there hasn't been a significant decline this year, Bitcoin's growth has essentially been organic. Because Bitcoin keeps growing without ever declining, we should proceed cautiously. Although I initially believed it to be a trap, it appears I was mistaken and it is growing. Given that it is impossible to forecast when the price of bitcoin will hit its lowest point, we cannot declare that it has not. Proceed with caution, especially while dealing with altcoin. Altcoins will suffer if Bitcoin crashes even slightly.

Regardless of any market condition, it’s still best to deal the market with more caution so you won’t fall in any trap and see yourself losing in the end. Although I must say the market is showing a positive price increase these days, but knowing the fact that there is high volatility that will trigger the market any time, so we should always learn to be more cautious and mindful whether we are yet to start our investments or start the trading activity.

On their rush to make profits many traders forget that just as they can me money they can lose it too, after all everyone is looking for the very same thing and they want to earn money by trading.

So it is important to be as cautious as possible, especially at the start of our journey when the mistakes will not only be more frequent but larger as well, but once you have acquired enough experience and you are a profitable trader then you can take a few more risks and increase your profits in this way.

[jaberwock]

On their rush to make profits many traders forget that just as they can me money they can lose it too, after all everyone is looking for the very same thing and they want to earn money by trading.

So it is important to be as cautious as possible, especially at the start of our journey when the mistakes will not only be more frequent but larger as well, but once you have acquired enough experience and you are a profitable trader then you can take a few more risks and increase your profits in this way.

That experience was too painful. Imagine, you already saw the money in your two big eyes but then you will also witnessed them declining. It's either you are greedy and didn't stop on what you are doing or you pick up a wrong coin which life span is only for short term but that should taught you a lesson and it was up to you if you will try again and do what's right this time or you will quit permanently like the others due to much disappointment and heavily losses.

We all here are the same. whether pro or noob, our goal is to earn money but we should not be hasty because it will only lead to disasters. Even in trading, patience is still badly needed here.

[stomachgrowls]

On their rush to make profits many traders forget that just as they can me money they can lose it too, after all everyone is looking for the very same thing and they want to earn money by trading.

So it is important to be as cautious as possible, especially at the start of our journey when the mistakes will not only be more frequent but larger as well, but once you have acquired enough experience and you are a profitable trader then you can take a few more risks and increase your profits in this way.

That experience was too painful. Imagine, you already saw the money in your two big eyes but then you will also witnessed them declining. It's either you are greedy and didn't stop on what you are doing or you pick up a wrong coin which life span is only for short term but that should taught you a lesson and it was up to you if you will try again and do what's right this time or you will quit permanently like the others due to much disappointment and heavily losses.

We all here are the same. whether pro or noob, our goal is to earn money but we should not be hasty because it will only lead to disasters. Even in trading, patience is still badly needed here.

This is why its really important that you should really check which project does really have that real use case or actual utility which you do assume out that it would be able to good on holding it for long term.

The best way for you to avoid on making hasty decisions is that you should't really rush up yourself and thinking on being rich or making huge profits because thats not how this market works.

Everything does really require sufficient knowledge and that patience whether it would really be already that good to sell or to hold up into your position.
This is why every action does really need up considerations before proceeding.