Who is John Galt?
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April 24, 2023, 10:45:59 AM |
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~snipped~
If investors make a profit by driving prices down, who are they selling to? But of course, we know that everyone enters and exists at different times. That's why it's possible to buy or sell at different times and still make profit. At the recent ATH in 2021 of $68k+, there were those who bought at that level, hoping it would continue to go up while some exited the market at the same time. Those who bought that high are not likely to sell now even though we know price has rallied up against what it used to be in Jan or so that it ranged below $17k. Those who bought around that range then won't have any regrets selling now but certainly not those who bought at ATH. That's how it works. Yes, but if you attribute the end of the bull trend to the fact that investors are selling, and then you say that someone else is buying at another time, then how is it that trends change only because investors sell? Perhaps, after all, the mechanism for balancing supply and demand is more complicated? Why do some investors sell, while others buy at the same time, while at some time there are fewer buyers, and the price goes down, and at other times there are more buyers, and the price goes up? There must be some reason for investors to sell and buy and create bullish and bearish trends, right?
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ultrloa
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April 24, 2023, 11:58:49 AM |
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Bitcoin market price fluctuating is the sweetest part of the business, because many people make money for any given direction as a cryptocurrency traders, which if Bitcoin move in one direction upwards most trader will be liquidated and some will be on the profits side with a bullish candle. In other words for investors, have to buy and hold by removing your mind from market manipulation, for sure Bull run we come up one day.
Agreed with these, you just have to make most of the recent trends so that you can gain some profit. Being adaptive is important so that your actions is based on the movements of the market . No cryptocurrency have a single way of going consistently high value since it is normal for it to make these movements as what we have seen in its entirety in terms of historical movements. What's important thing there is you should never get affected easily on the news you are reading online because for that you can be easily manipulated by people if you let yourself digest all the fuds they feed to you. Its better to always listen to what is the current trend happening since it can give you huge advantage to gain more profit coming from people who do wrong decision like dumping their coins out of panic. For now its hard to see a certain crypto will consistently goes up since correction will always occur so let always seek for indicator and possibly earn with those movements.
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firesurfer
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April 24, 2023, 02:30:37 PM |
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A market is a collection of buyers and sellers. A steady increase in price is the difference between the buying and selling volumes over a specified period. It is not possible to increase the price immediately because there is no sudden inflow of money and it is stable continuously. There will always be profit taking after that.
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Faisal2202
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April 24, 2023, 03:04:04 PM |
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Can someone explain this to me i am curious to know, and if this question already ask please ref me topic to read so i can lock this?
The market is going sideways, actually, i have already said something about it recently, you can go through this thread, What I think is the market is in a consolidation state, like cooking state and getting ready to shoot up. Plus you are asking why is it so. Because there are long-term traders and day traders, and when the money comes out of BTC into fiat and vice versa, the price changes along with it, Like market will always go like this until day traders are making trade in and out of BTC, the price will go sideways and BTC will take time to adopt bullishness. The real pump will come when there will be a great increase of demand over supply, and this is happening, as MicroStrategy has acquired more BTC and Whales has adopted 20k BTC recently. which indicates, the market is cooking, once good news or high demand comes into the market the pump will come because BTC always breaks its resistance and support levels, and set new limits, to break each, sentiments and news plays important roles. And overall market sentiments play us and also played by us.
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Altryist
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April 24, 2023, 03:16:20 PM |
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What's important thing there is you should never get affected easily on the news you are reading online because for that you can be easily manipulated by people if you let yourself digest all the fuds they feed to you. Its better to always listen to what is the current trend happening since it can give you huge advantage to gain more profit coming from people who do wrong decision like dumping their coins out of panic.
For now its hard to see a certain crypto will consistently goes up since correction will always occur so let always seek for indicator and possibly earn with those movements.
In this case, the correction looks quite natural, since after such a significant growth we should have received a correction, because the larger the growth, the more significant the correction can be. A fall down to the 25k level would look quite normal, if the price falls lower then we will need to look at the market, but I think that this should not happen. We need to analyze the situation on the market yourself, and need to follow the news, but there is always enough dubious information.
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Newlifebtc
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April 24, 2023, 11:23:19 PM |
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I have been wondering why does it take so much time for bitcoin price to bull and whenever it try's coming up it takes just some few hours or days to drop drastically or changes in percentage. Does this means bitcoin can not maintain bull sign for about 7 months or 1 year straight up without having to change and show bear signs? Can someone explain this to me i am curious to know, and if this question already ask please ref me topic to read so i can lock this?
Thank you.
bitcoin take so much time before it can increase and if it does not have one particular time that the inclement will come so the problem is that when the people buying bitcoin have a higher demand is what will make a Bitcoin to Rice
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DanWalker
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April 27, 2023, 07:53:46 AM |
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What are you expecting from bitcoin? Do you want bitcoin to increase in price continuously for 1 year so you can take profits and get rich quickly after just one year of investing in bitcoin? I have not seen a financial market that can go up continuously for a year without a correction.
I think op is not directly saying that bitcoin price should be stable continually, but saying whenever the bulls comes it disappears quickly than the bear. The bear can last for about 7 months above but we barely maintain straight up bull for about 7 months as what I understood from op post. That shows that making money in this market is not easy, and opportunities will only be available to those who know how to be patient and seize the opportunity as quickly as possible. If a bull market can last 7 months to a year like a bear market, many people will get rich quickly, and there will be almost no losers, I have never seen such a financial market. Bear market is a market that purges weak projects, weak hands are out of the market, so it takes more time, and rewards should only be given to those who deserve it. If we do not have patience and do not have faith in the market, we cannot expect to receive the reward we deserve, like those who have strong faith and patiently wait for the market, this will make the market unfair.
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DevilSlayer
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April 27, 2023, 05:36:50 PM |
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The reason is simply because of "momentum", If I will give you scneario it is like this. Plane cannot fly if they cannot gain momentum in the ground, they need it for them to have a power to overcome the downward force of its weight. That is why the plane need to go in the runway first before it can able to fly. We can compare it in the price of the bitcoin wherein its price should consolidate first before it can overome the downward force (sellers). Have a patience because it takes time, the price really needs to consolidate.
If the price keeps increasing without retracement and swing low then it can be considered as a weakness. Bullish market will come when the price of the bitcoin gets momentum and break its current key levels which is the current major resistance. We should be prepared anytime from now because the market is becoming good and good again, we can ride the opportunities if we train our minds to see it. Investors and traders want to see that the market turns into bulls again but it seems that they still do not have any preparation to ride the opportunities.
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Bazzu
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April 28, 2023, 11:30:15 AM |
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I think everything also requires process and time, and so does the bull market. and bitcoin has the nature of fluctuating prices so it's natural that there are always corrections, just try to look at the history of bitcoin prices and for sure you will find corrections and before the bull market comes there is always a bear market first. and that's the natural process of a crypto and btc market.
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Rupok
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April 28, 2023, 12:01:41 PM |
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As the crypto market is unpredictable, there is no telling when things will happen. But it lasts long in just dumping the market. But we can benefit from bulls and bears to earn more profit for the investor. Buying Bitcoin in a bear market is one of the best opportunities. If you can't keep buying bitcoins in a dumping market, you will never make a profit.Big traders like bear markets because there is always a bear market before a bull market.
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usekevin
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April 28, 2023, 06:11:18 PM Last edit: April 29, 2023, 06:28:28 AM by usekevin |
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Bitcoin doesn’t depend on the bank or government,but now governments depend on bitcoin for their economy and taxes.Now governments charging taxes for the cryptocurrency in most of the nation.Now cryptocurrencies had huge impact in their world economy,many people earning good money from the cryptocurrency trading and by cryptocurrency related works.Finally the government get the taxes from the people and develop their own country economy.So money flow impact the trading of crypto currency.Most of the time money flow and inflation plays huge role in the price of crypto currencies.Take the profits when the price of bitcoin crossed above the value you brought from the exchange.Bull run is best time to get profits from the crypto currency trading.
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Uruhara
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April 28, 2023, 07:40:48 PM |
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I think everything also requires process and time, and so does the bull market. and bitcoin has the nature of fluctuating prices so it's natural that there are always corrections, just try to look at the history of bitcoin prices and for sure you will find corrections and before the bull market comes there is always a bear market first. and that's the natural process of a crypto and btc market.
so true. And in the market there is always an accumulation period where the price tends to go sideways and indicates that many people are starting to accumulate. like the last few months the actual bitcoin price on the big chart still looks sideways from 26k to 30k. it is necessary for the market to strengthen the support area and continue to increase the price slowly. and yes, when the decline does sometimes go faster because it is usually followed by funds circulating and causing people to panic to sell.
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n0ne
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April 30, 2023, 11:01:40 PM |
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It's just how cycle would move around. Everything needs time to accumulate
The market is subject to the demand to the supply connected with the real time market and various other factors. It need its own time for the movement from bearish to bullish. In between the price movement getting stagnant within specific range is common. People who have already used to the market, this is common. For users who doesn't have the proper learning, but find this to be an easy way to turn rich it is simply hard task. The market is bullish, because there is regular growth going through the ongoing year's chart.
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taufik123
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April 30, 2023, 11:39:47 PM |
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The market is subject to the demand to the supply connected with the real time market and various other factors. It need its own time for the movement from bearish to bullish. In between the price movement getting stagnant within specific range is common. People who have already used to the market, this is common. For users who doesn't have the proper learning, but find this to be an easy way to turn rich it is simply hard task. The market is bullish, because there is regular growth going through the ongoing year's chart.
and now it is a transition period where the bear market will slowly switch to a bull market. The current Bitcoin price is still stable above $29k and this proves that Bitcoin will still increase and break the $30k price again. There is no get-rich-quick scheme with an instant market increase. bearish and bullish markets will always occur, the important thing is that we are prepared for everything that will happen in the market. Bearish also needs time to recover. Likewise, bullish take time to stabilize. Everything will usually go according to the cycles that have previously occurred.
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MoonOfLife
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May 01, 2023, 02:06:33 AM |
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Simply because it is manipulated and only those who are patient enough can become the winner. The longer the bear market lasts, the more frustrated investors get and dump their assets, and the sharks love that.
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Inwestour
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May 01, 2023, 09:07:18 AM |
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and now it is a transition period where the bear market will slowly switch to a bull market. The current Bitcoin price is still stable above $29k and this proves that Bitcoin will still increase and break the $30k price again.
So far, we have no guarantee that the price will continue to grow, now the price has begun to fall and on May 3 we are waiting for the next meeting of the Federal Reserve System, and according to the news, they are going to raise the rate for the tenth time in a row, despite the risks, since inflation still high. How bitcoin will react to this is not clear, in addition, it is still not clear how the banking crisis affects bitcoin, in fact, we still have to find out, since it has just begun, and all the most "interesting" lies ahead.
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Ucy
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Compare rates on different exchanges & swap.
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May 01, 2023, 10:57:03 AM |
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The Market on average is Bullish because the bull rather than the bear is in control. Better still, the Bull is in control because price has increased more than it has decreased since the start of the bullish run.
You have to be careful with those who still think we are in Bear Market... don't trust them else they ruin your life. They choose to believe the lie or have been brainwashed.
Bull Market is market controlled by the Bull. The Bull is currently in control of the market.
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kro55
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May 01, 2023, 11:12:43 AM |
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and now it is a transition period where the bear market will slowly switch to a bull market. The current Bitcoin price is still stable above $29k and this proves that Bitcoin will still increase and break the $30k price again.
So far, we have no guarantee that the price will continue to grow, now the price has begun to fall and on May 3 we are waiting for the next meeting of the Federal Reserve System, and according to the news, they are going to raise the rate for the tenth time in a row, despite the risks, since inflation still high. How bitcoin will react to this is not clear, in addition, it is still not clear how the banking crisis affects bitcoin, in fact, we still have to find out, since it has just begun, and all the most "interesting" lies ahead. We had bad experiences in 2022, so I know that many are hoping for bitcoin to continue to rise and conquer higher prices in this year. But I agree with you, we have no guarantee that the price will continue to rise, first of all, based on the history that the bear season is not over yet. Secondly, based on the volatile world economic situation, many difficulties still need to be removed, so it will negatively affect the market rather than create conditions for the market to recover. Bitcoin's rise from $17k to $30k is amazing, but that doesn't mean we'll be able to sustain that momentum without any support. Don't expect too much when the halving event has not happened or the world economy has not recovered.
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taufik123
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May 01, 2023, 11:39:41 PM |
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-snip-
Yes, it cannot be denied, no one will guarantee that Bitcoin will continue. This depends on how the FED decision will be on May 3. It has just started and Bitcoin is currently still in a bearish phase, but bitcoin is ready to reach a new ATH after various bad news that keeps bitcoin on hold. -snip- Bitcoin's rise from $17k to $30k is amazing, but that doesn't mean we'll be able to sustain that momentum without any support. Don't expect too much when the halving event has not happened or the world economy has not recovered.
But hope will certainly always be there, despite the turmoil of the world economy that has not yet recovered and affected various sectors. But Bitcoin is still Bitcoin, when the market is hit by a crisis it will be an opportunity for Bitcoin to exist. We'll just wait for the halving to happen next year. ahead of the halving as before, the Bitcoin market looks better and maybe it will happen this halving. Don't lose hope, because it will be your stimulation to keep believing that Bitcoin will reach a new ATH.
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FanEagle
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May 02, 2023, 05:25:24 AM |
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Well, it requires everyone to be hyped about it at the same time, that's the issue. We all know that it is not going to be easy to suddenly consider investing into bitcoin all at the same time, you and I may not invest together on the same hour, that is the issue.
So when the bull comes, that means a good chunk of people invested at the same time and that is not common, we need something to make that happen. Usually after halving is the period when the price goes up, because it is not going to be just investment that makes it go up but also less people selling as well. This is why I believe that when there are more investors but also less sellers, the price starts to slowly go up. That's what makes bitcoin go up, halving and causing income of miners to drop, so price goes up to make up for it.
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