2023 end game sentiment check

[Wend]

Bitcoin went from $28k to $35k and is still above $30k, so it would be ridiculous for someone to say that this is a trap. If it is a trap but most people have profited from it, can it be called a trap? In addition to long-term investing, I also use part of my capital to trade and earn more than 50% profit on my capital, is that called a trap?

A bull trap happens if it goes from $28k to $35k and drops to $27k, that would be a perfect trap.
But when the Bitcoin price is still holding above the $30k price and now even still holding in the $35k price area, this is certainly an advantage for those who buy at the lower price.

Those who say this is a trap don't fully understand how the crypto market works and where to buy and sell.

We will see another spike as the Halving approaches and some corrections are certainly needed and this is normal, the important thing is that we are ready with strategies and to buy back.

It's not that they don't understand the market well, it's that they are too subjective with their judgments and predictions about the market. So when things go against what they predicted and they miss the opportunity to make a profit, they call it a trap. A lot of people missed the recent mini uptrend because they thought bitcoin would drop to $20k before rising to $35k.
Not just bitcoin, many altcoins also had x2 or 50-70% gains and brought significant short-term profits. Since we are in bear season, making such a profit is not bad at all.

[taufik123]

-snip-
So when things go against what they predicted and they miss the opportunity to make a profit, they call it a trap.
-snip-

A trap resulting from a wrong prediction.
Even though we all know about how crypto predictions work which certainly will not be 100% accurate, whoever makes the prediction will not be completely correct.

Looking back at how people like that are too subjective, of course, such a mindset must be changed so that they realize that what they think is a trap is a mistake or inaccuracy in the predictions made.

Need to learn more about the science of trading.
But not only technical analysis and fundamentals, but learning to manage psychology will help in responding to any price changes that occur and not panicking too much with predictions that are not suitable.

[fzkto]

32k isn't that important anymore. The main thing is that the trend, which was the whole 2023, does not change and we do not see the bottom again. If this does not happen, it does not matter how strong the corrections will be. We can calmly wait for halving and buy more coins if possible.

The time to accumulate coins for a good price is coming to an end, and people need to finally commit to a decision, they either buy now and enjoy the profits such a decision will bring them or they stay away from the market until the bull run ends, as buying during the bull run is a move that is too risky, since we will never know when the bull market will end and at what level, so by taking a position early and holding our coins we are basically guaranteeing we will obtain some nice profits once the bull market comes.

There are always two things in the market. They are fear and greed. When the price falls or is at the bottom for a long time, people are afraid to buy. When the price goes up, people get greedy. As we know, greed has never led to good profits. So even if you buy now, there is a risk that the price will fall again.

[philipma1957]

32k isn't that important anymore. The main thing is that the trend, which was the whole 2023, does not change and we do not see the bottom again. If this does not happen, it does not matter how strong the corrections will be. We can calmly wait for halving and buy more coins if possible.

The time to accumulate coins for a good price is coming to an end, and people need to finally commit to a decision, they either buy now and enjoy the profits such a decision will bring them or they stay away from the market until the bull run ends, as buying during the bull run is a move that is too risky, since we will never know when the bull market will end and at what level, so by taking a position early and holding our coins we are basically guaranteeing we will obtain some nice profits once the bull market comes.

There are always two things in the market. They are fear and greed. When the price falls or is at the bottom for a long time, people are afraid to buy. When the price goes up, people get greedy. As we know, greed has never led to good profits. So even if you buy now, there is a risk that the price will fall again.

If you dont buy now you are fearful.

Simply do a weekly dca for the next few years.

I did a dca from nov 2022 until nov 2023.

spoke about it frequent enough.

Buying a huge amount right now is risky but a dca is fine.

being a timid person on the sidelines does not work.

[Wend]

-snip-
So when things go against what they predicted and they miss the opportunity to make a profit, they call it a trap.
-snip-

A trap resulting from a wrong prediction.
Even though we all know about how crypto predictions work which certainly will not be 100% accurate, whoever makes the prediction will not be completely correct.

Looking back at how people like that are too subjective, of course, such a mindset must be changed so that they realize that what they think is a trap is a mistake or inaccuracy in the predictions made.

Need to learn more about the science of trading.
But not only technical analysis and fundamentals, but learning to manage psychology will help in responding to any price changes that occur and not panicking too much with predictions that are not suitable.

Have you checked the market, bitcoin price has increased to $37.5k, those who still call this a trap should consider whether their plan is correct? I think bitcoin will continue to conquer new levels in the coming days and we have the right to expect $40k this month. Bitcoin has increased more than 35% in the past 30 days and shows no signs of stopping. We should enjoy this moment instead of saying it's a trap and waiting for something that will never happen.

[taufik123]

Have you checked the market, bitcoin price has increased to $37.5k, those who still call this a trap should consider whether their plan is correct? I think bitcoin will continue to conquer new levels in the coming days and we have the right to expect $40k this month. Bitcoin has increased more than 35% in the past 30 days and shows no signs of stopping. We should enjoy this moment instead of saying it's a trap and waiting for something that will never happen.

LOL traps that make profits, but don't try to buy when the price is already high and at the top of the resistance.
$40k seems to be the number that Bitcoin will reach if the trend continues to improve and the nearest resistance is always passed.

November has been a fairly bullish month and this is still the second week, if Bitcoin still stays in this position we will see another price increase.

But also need to be aware of price corrections and some downturns due to FUD that can appear at any time.
In December we will also have BlackFriday which will be a month of discounts.
It will be a good month to buy back and continue to accumulate Bitcoin holdings.

[kotajikikox]

 Any answer you feel like is correct.  Im not asking for a precise prediction just mostly a thumbs up or down, its purely the idea that peoples feeling alter and sometimes market effects are ironic; its worth noting how bullish the crowd is.

The majority of crypto investors can't be expecting a bullish end of the year for bitcoin at this last quarter of the year, they would prefer to see a moderate price of $35k - $40k by the end of the year.
At this end of the year, so many of us would vote for bitcoin to move sideways in price but not to lower back to $20k or not near ATH.
From my observation, I think the price of bitcoin will continue to range from $33k to $40k in pricing towards the end of the year.

I agree with you too in terms of the price range expected by the end of this year. Bitcoin have kissed $35k few times already and went back to below $35k, so I believe on few attempts more, it will break that zone and reach for the $43k area where I'm seeing close for the year as we prepare for bigger moves from January 2024.

if Bitcoin reach 43k this year, sorry to all but I will take out all my Bitcoins for a while and wait when dumping comes that I surely will happen because of too much pressure about the next halving when Bear market expected to happen before the final blow and bull happens.
now we have staying at 35k and hope this is the beginning.

If there will be bull run next year, this year will shown the signs already as it has been in the past.  This year will not really be much different even though more factors are at play now than in previous years.

if you are talking about the play then we must expect another dump before Bull run and trust me this is not as good as we expect because we are nearing Halving and sure skyrocketing will come.

[Jating]

Have you checked the market, bitcoin price has increased to $37.5k, those who still call this a trap should consider whether their plan is correct? I think bitcoin will continue to conquer new levels in the coming days and we have the right to expect $40k this month. Bitcoin has increased more than 35% in the past 30 days and shows no signs of stopping. We should enjoy this moment instead of saying it's a trap and waiting for something that will never happen.

LOL traps that make profits, but don't try to buy when the price is already high and at the top of the resistance.
$40k seems to be the number that Bitcoin will reach if the trend continues to improve and the nearest resistance is always passed.

At least if the top is the all time high, so if you buy on that price, you really have to wait for a long time to make some profits. But if you buy at some point in time and then we went on a bull run and all time high, and during that time you think that it is already expensive but you still bought because you look for long term, then why not? you can still squeeze some profits.

November has been a fairly bullish month and this is still the second week, if Bitcoin still stays in this position we will see another price increase.

It starts on October, from $28k-$32k, now this November we have reach like $39k and now back to test the support line of $37k.

But also need to be aware of price corrections and some downturns due to FUD that can appear at any time.
In December we will also have BlackFriday which will be a month of discounts.
It will be a good month to buy back and continue to accumulate Bitcoin holdings.

Yeah, but the next coming month or at least the end of the year will be very interesting, yeah it's holiday season and there could be some selling their stash to have some cash. But I'm seeing that the price will continue to grow, so it's going to be a dilemma if we are going to sell or just continue to hold and still enjoy the holiday seasons.

[taufik123]

It starts on October, from $28k-$32k, now this November we have reach like $39k and now back to test the support line of $37k.

Maybe more precisely Bitcoin will test the closest support at $36,200 which is the Flip trend area on the 4H Time Frame, if it is able to survive in that area we will still experience an increase.
But some corrections are needed because the price is already overbought and after that, we can see Bitcoin break the $40k price later.

Yeah, but the next coming month or at least the end of the year will be very interesting, yeah it's holiday season and there could be some selling their stash to have some cash. But I'm seeing that the price will continue to grow, so it's going to be a dilemma if we are going to sell or just continue to hold and still enjoy the holiday seasons.

Some investors will definitely sell their holdings because they have made profits when buying Bitcoin in the 42k price area or below.
Most of the sellers do swing trading and Black Friday is their first stop to take profits.

[EluguHcman]

The continues and exciting increments in the Bitcoin markets values is being impressive by its investors and many Investors are likely to hodl their coins and are even attracted to top up to their Bitcoin trades because they wanted to take advantage over the impressive increases while awaiting (willing) investors has been expectations a falling value in the Bitcoin markets so that they could Invest but since the market values doesn't seems to stable or getting to low in other to impress these willing investors, while the market keep to increase the willing investors are left with no choice than investing as budgeted.
So I can say this season in just couple of few months is attracting more investors and are encouraging its investors to hodl and miners are accumulating the coin.

As a matter of fact due to the structural formula that the more the demand and more it is hodled is the more increments in space of Bitcoin.
So I would if the Investors dances to the tunes as thought then there would be more appreciative increasement of Bitcoin value maybe within $39K but if contrarily, then there would be a depreciation of Bitcoin value but not going below $29K.
All are still predictions that can't be relied on because Sometimes we predicts the  impossibilities but trades on the possibilities.

[G_Besar]

There are always two things in the market. They are fear and greed. When the price falls or is at the bottom for a long time, people are afraid to buy. When the price goes up, people get greedy. As we know, greed has never led to good profits. So even if you buy now, there is a risk that the price will fall again.

Not only that, fear of buying Bitcoin when the price goes down will also not get you anything, because the only way to make a profit in any case is to have the courage to act and buy when conditions are bearish. So it can be concluded that fear and greed are two things that will not benefit anyone who does them, because basically they don't have the courage to do something when conditions are different and change for the worse.

[pooya87]

I feel like mid 2017 is repeating again. That is when price was starting to break $3k after a very long time being stuck below that and a group of bearwhales refused to accept the trend change and kept dumping their coins on the market to crash the price ... and ... they kept failing and losing money

[_BlackStar]

I feel like mid 2017 is repeating again. That is when price was starting to break $3k after a very long time being stuck below that and a group of bearwhales refused to accept the trend change and kept dumping their coins on the market to crash the price ... and ... they kept failing and losing money

And I hope they also fail in this period if they intend to dumping prices. The market is expected to move higher towards the end of the year especially as rumors about ETF approval become stronger. A bitcoin ETF hasn't been approved yet - but big investors appear ready to take part in large sums.

The best thing now is to stay calm and continue holding bitcoin without being too affected by the volatility of its value. Bitcoin own for the long term - but of course some of us may sell a few percent of holdings out of necessity or whatever reason.

[bbc.reporter]

I feel like mid 2017 is repeating again. That is when price was starting to break $3k after a very long time being stuck below that and a group of bearwhales refused to accept the trend change and kept dumping their coins on the market to crash the price ... and ... they kept failing and losing money

Agreed heehhe! However, this pump might only be a speculation on the approval of the spot ETF. The next scheduled date for approval or rejection is on November 17, there are 2 applications and another one on November 21. If they are rejected, it might be a sell the news dump, I reckon. However, if at least 1 of 3 is approved, we can be quite certain that we will witness another pump to $40k.

The most bullish might be if 3 are rejected but bitcoin does listen and pumps to $40k hehehe. This would certainly be a declaration of strength by the bulls that we are officially on a bull market.

[bitterguy28]

At least the casted votes did not even go close to negative because all the votes and replies coming forward to have more than 20k level till its done.
Some to believe it will Break the ATH(in which I will not believe still,not until next year) while others are still good to believe that they will see a no sideways movement and yes there are no correction being said.

The most bullish might be if 3 are rejected but bitcoin does listen and pumps to $40k hehehe. This would certainly be a declaration of strength by the bulls that we are officially on a bull market.

still waiting for 40k to wave on me because there is a plan that will only takes place once the price covers.
hoping that anytime soon 40k above will be on the market and so my folio will ready to shine in Bull market if my plans made it there.

[South Park]

There are always two things in the market. They are fear and greed. When the price falls or is at the bottom for a long time, people are afraid to buy. When the price goes up, people get greedy. As we know, greed has never led to good profits. So even if you buy now, there is a risk that the price will fall again.

Not only that, fear of buying Bitcoin when the price goes down will also not get you anything, because the only way to make a profit in any case is to have the courage to act and buy when conditions are bearish. So it can be concluded that fear and greed are two things that will not benefit anyone who does them, because basically they don't have the courage to do something when conditions are different and change for the worse.

Correct, while the markets move on those two raw emotions, it is a mistake to follow them, a trader needs to remain calm under those circumstances and perform a series of actions that at the time may not make sense, but that given enough time they will, just like in the example you give, it may not make sense for your average investor to buy bitcoin when its price is still going down and a long bear market will follow, but for the investor that is thinking long term this is the perfect moment to buy bitcoin as there will probably be no other time in which they will be able to buy it for such a cheap price.

[bbc.reporter]

At least the casted votes did not even go close to negative because all the votes and replies coming forward to have more than 20k level till its done.
Some to believe it will Break the ATH(in which I will not believe still,not until next year) while others are still good to believe that they will see a no sideways movement and yes there are no correction being said.

The most bullish might be if 3 are rejected but bitcoin does listen and pumps to $40k hehehe. This would certainly be a declaration of strength by the bulls that we are officially on a bull market.

still waiting for 40k to wave on me because there is a plan that will only takes place once the price covers.
hoping that anytime soon 40k above will be on the market and so my folio will ready to shine in Bull market if my plans made it there.

It appears that we might have gotten the most neutral outcome hehehe. There were no ETFs rejected and approved, only the postponement of the SEC's decision. There is also no big dump of bitcoin on our faces, only a small correction. This might be the most favorable of what might occur if there was no approval from uncle Gary hehehehee.

[Zanab247]

I think that the end of 2023 will be a growth for the cryptocurrency market, which we are already seeing. Generally 2023 was positive only for bitcoin, because now the price is twice as much as at the beginning of the year and the growth continues. Usually autumn was positive for cryptocurrencies and I hope we will see growth of other coins.

I guess there is still hope for 2023 because, BTC price can still rise to reach $40k before the end of this year which is possible for such thing to happen in the market and, we have experienced such things before in the community that made many hodlers that nearly lost hope to start celebrating for the surplus profits they achieved. If you look at the beginning of this year till early October, you will know that bull run will still flow before the end of this december because, I have carry out my personal research, I believe something good will still happen that will affect BTC and other cryptocurrencies positively.

If BTC can reach $38k, Ethereum $2k and other coins take a good steps with them in this month of November, it is a sign that bear run is coming to an end any moment from now for the massive bull to roll in for hodlers to start making profits.

[pinggoki]

I feel like mid 2017 is repeating again. That is when price was starting to break $3k after a very long time being stuck below that and a group of bearwhales refused to accept the trend change and kept dumping their coins on the market to crash the price ... and ... they kept failing and losing money

I love for that to happen again, that would mean that would prove the doubters of bitcoin that you can never control how the price of the market will move no matter how many whales there are and it's a lovely thing to see these whales lose their money and sacrifice their wealth to the almighty bitcoin, that compound bearwhales is a little ironic, a billionaire that's always negative about the market that's making them the profit. For me, I think we will see a really good year end for bitcoin because December is a pretty good month right, what I am worried is that I would be able to sell my bitcoins when the year ends because January is a bad month and I want to capitalize on that potential in January to get back in with even more bitcoin value.

[STT]

I dont care is totally fine as an option imo because price is not the most important factor despite this being the speculation part of the forum I think thats fine to say.  Price isnt accurate maybe ever, its not actually determining value just those people bidding like an auction sale the price can be wrong and yet we have to guess its direction etc.
  In any case the vote was fixed start of this month just to capture sentiment at that moment, indecisive was a fair outcome.  Of course I take it as easily ironic, if we all voted upwards it would be inversely a negative sign.

2017 repeating, from my recollection I remember many bouts of almost outright chaos in those months.  Not only the gigantic price change but the news and the great big split that occurred in that summer.   People were bearish with some good reason, it wasnt easy going.  The Chinese banning BTC, yet it recovered, the traffic stalling, fees occurring was a factor imo.   I couldnt compare now to 2017, its dead calm comparatively I kinda wish we could have a do-over but nope this aint it.

https://news.bitcoin.com/an-in-depth-look-at-bitcoins-first-chain-split-satoshi-helps-reverse-the-creation-of-184-billion-btc