Short term corrections could be detrimental.

[Cryptomultiplier]

The talk of ETF approval is what's on board for now and because of this, many investors and holders are scared, thus, taking their profit before the market crashes.
Also, more money is being invested in BTC because of the assurance investors have of the ETF project being approved and as such there's every likelihood that Bitcoin will pump harder than before.

Although am quite certain about the bullish market season of 2024, just after the halving expected to happen, it is to note that altcoins and shitcoins have been dumping hard recently and every one investing in them should be careful not to make serious losses.

I am very certain about the bullish market season after the halving, and as such my advice to any true crypto/BTC investor who may become millionaires in the next 12-18 months, would be to hold tight and not let any short term corrections stop them or put them out of the market until the duration of their holdings is complete.

What are your thoughts?

[Beparanf]

Although am quite certain about the bullish market season of 2024, just after the halving expected to happen, it is to note that altcoins and shitcoins have been dumping hard recently and every one investing in them should be careful not to make serious losses.

Altcoins is dumping hard because it pumps hard recently besides Bitcoin dominance is increasing when this shitcoin dumps which is an indication that traders is just changing investment from Altcoin to Bitcoin after taking profit.

Short term correction is really is painful for those traders that is using leverage because price swing is so strong on both side. Your suggestion about holding firmly is really the best strategy's on this uncertain times since Bitcoin will surely rise even without Bitcoin approval since Halving is the most prestigious event on Bitcoin since the beginning.

[Zaguru12]

They have been heavy demand of bitcoin this last week than a number of sale. It’s reported by glassnode that around 1.11Million bitcoin have been bought around the market price of $42,500 which shows that investors are accumulating for the purpose of ETF approval rumored to be on the 10th January and should there be a counter decision they a heavy sale will definitely happen. But nonetheless one should just hold, have a price tag and don’t panic.

I am very certain about the bullish market season after the halving, and as such my advice to any true crypto/BTC investor who may become millionaires in the next 12-18 months, would be to hold tight and not let any short term corrections stop them or put them out of the market until the duration of their holdings is complete.

I am also optimistic about the bull run happening after the halving not taken away by the ETF saga. When the bull run will happen is still not clear so I will advise a time frame shouldn’t be fixed but rather a price target Should. Also bitcoin wouldn’t make one a millionaire but depends on the amount invested into it. My new ATH is actually around 150-170 which is like 3x from the current ATH.

[cabron]

The correction affects more to altcoins than BTC itself. Its price could just pump almost instantly back to its previous high while altcoins struggle to climb. The majority had not bounced after BTC touched $45k again today.

So if traders were panicking to sell because of the thought it could go down to $40k due to the flash crash last Jan 3 drop to $40k, then the market really is becoming too unpredictable or the institutions are just creeping small traders.

[kentrolla]

Not sure if you have noticed or not there is a correlation between altcoins dumping hard and Bitcoin pumping as Altcoins overachieved their rally when Bitcoin's movement was relatively lesser and now since there is a correction phase which Altcoin is witnessing the funds which moved into market to Altcoin have started shifting to Bitcoin as it would take years for the loses to be recovered in Altcoins and most of the time if you lose money in Altcoins you don't recover it ever.

ETF approval or rejection is a temporary thing which might have mild effect or more impact but not for a longer period of time.

[thecodebear]

The talk of ETF approval is what's on board for now and because of this, many investors and holders are scared, thus, taking their profit before the market crashes.
Also, more money is being invested in BTC because of the assurance investors have of the ETF project being approved and as such there's every likelihood that Bitcoin will pump harder than before.

Although am quite certain about the bullish market season of 2024, just after the halving expected to happen, it is to note that altcoins and shitcoins have been dumping hard recently and every one investing in them should be careful not to make serious losses.

I am very certain about the bullish market season after the halving, and as such my advice to any true crypto/BTC investor who may become millionaires in the next 12-18 months, would be to hold tight and not let any short term corrections stop them or put them out of the market until the duration of their holdings is complete.

What are your thoughts?

Your first paragraph is saying people are scared and taking profits, AND more money is being invested so bitcoin will pump. Which is it?? lol. It can't be both. 


Yeah I've been interested to see how the altcoin market reacts to the ETF. Assuming it is approved, it could mean money would flow from altcoins into Bitcoin, meaning an altcoin crash and bitcoin pump. Or it could be that it boosts the whole market. So far, leading up to the decision, it seems people have already started dumping altcoins a little bit and going into bitcoin in anticipation of an ETF approval.

[tabas]

The talk of ETF approval is what's on board for now and because of this, many investors and holders are scared, thus, taking their profit before the market crashes.

I don't understand why they need to be scared of what? They've been holders and investors of Bitcoin for quite a while so, they know the timeline and what actually is happening. And if they're eager to take profits before a crash happens, no one knows when a crash will happen but we've got some clue and it's not yet this time. We're not even on a bull run yet or have maximized it.

Also, more money is being invested in BTC because of the assurance investors have of the ETF project being approved and as such there's every likelihood that Bitcoin will pump harder than before.

And that's happening now. 

Although am quite certain about the bullish market season of 2024, just after the halving expected to happen, it is to note that altcoins and shitcoins have been dumping hard recently and every one investing in them should be careful not to make serious losses.

Let them invest where they want to invest, if you're solely focused investing on Bitcoin or you've got a larger portion of your stash on it. All you have to think of is your own portfolio and can even wait until 2025 which is like the pattern of the cycle.

I am very certain about the bullish market season after the halving, and as such my advice to any true crypto/BTC investor who may become millionaires in the next 12-18 months, would be to hold tight and not let any short term corrections stop them or put them out of the market until the duration of their holdings is complete.

What are your thoughts?

How I wish that I'll be a millionaire but there are lots of it here in the forum that have been holding two digits of Bitcoin and that's more than enough for their retirement but still will patiently wait until the end of the bull run.

[milewilda]

The talk of ETF approval is what's on board for now and because of this, many investors and holders are scared, thus, taking their profit before the market crashes.
Also, more money is being invested in BTC because of the assurance investors have of the ETF project being approved and as such there's every likelihood that Bitcoin will pump harder than before.

Although am quite certain about the bullish market season of 2024, just after the halving expected to happen, it is to note that altcoins and shitcoins have been dumping hard recently and every one investing in them should be careful not to make serious losses.

I am very certain about the bullish market season after the halving, and as such my advice to any true crypto/BTC investor who may become millionaires in the next 12-18 months, would be to hold tight and not let any short term corrections stop them or put them out of the market until the duration of their holdings is complete.

What are your thoughts?

When we do speak about market corrections then it is really just that normal or something do speak about to be part of this journey or career when dealing up with this market on which corrections is always present
because if there's none then its not called a market in the first place. This isnt really just that applicable into altcoins but on Bitcoin itself because we do know that prices cant really be just that moving up forever
on which there would be corrections and price declines. This is why it would really be that just that depending on someones profitability on how well they would really be hovering themselves into this market.
You cant really just that make profits so easy on just simply holding because there comes really a time that you would really be having that negative portfolio on the time that the market
would really be making corrections and this is normal, its neither you should hold your position or you would be cutting your losses.

[franky1]

How I wish that I'll be a millionaire but there are lots of it here in the forum that have been holding two digits of Bitcoin and that's more than enough for their retirement but still will patiently wait until the end of the bull run.

smart people dont 100% cash out everything to then live on/spend it all
they instead just cash out portions of the gains to live on

never cash out everything. do everything in small allotments/percentages

like traditional finance, dont spend the capital, live off the interest/dividend
only take out (not all) but bigger portions if significant ATH to then buy more at discount n a correction

these 5% tides are nothing compared to the 300% tides of true ATH/corrections (mid 2021-dec2022)

dont get emotional over 5% waves, dont go full 100% trade on these small waves

[Kemarit]

Although am quite certain about the bullish market season of 2024, just after the halving expected to happen, it is to note that altcoins and shitcoins have been dumping hard recently and every one investing in them should be careful not to make serious losses.

What does altcoin has something to do with the halving? they have been dumping hard because that's how it is, majority of them are being used as a pump and dump schemes. And if I'm not mistaken, pump and dump groups are still around and maybe their numbers are still growing up to this day.

I am very certain about the bullish market season after the halving, and as such my advice to any true crypto/BTC investor who may become millionaires in the next 12-18 months, would be to hold tight and not let any short term corrections stop them or put them out of the market until the duration of their holdings is complete.

What are your thoughts?

Why not just go long for Bitcoin or even those strong altcoins and then see how it goes. I know that there are short term speculators, but it's not going to be for everyone as this game is full of emotions and so it's just better to accumulate as much as you can HODL and then don't speculate short term?

[Fundamentals Of]

You seem to be contradicting yourself. And why should investors and hodlers be scared because of the potential spot ETF approval? Why should they be taking profit if an approval is most likely to happen? Also, are investors assured that there will be an approval rather than a postponement or even rejection? Who gives them the assurance?

2024 is going to be bullish but if what you have are altcoins and shitcoins you are doomed. So to those who are keeping a lot of altcoins you better sell them for Bitcoin.

[GreatArkansas]

(....)
I am very certain about the bullish market season after the halving, and as such my advice to any true crypto/BTC investor who may become millionaires in the next 12-18 months, would be to hold tight and not let any short term corrections stop them or put them out of the market until the duration of their holdings is complete.

What are your thoughts?

For me, I am expecting we will still go higher from now until before the Bitcoin block halving. Try to check the previous Bitcoin block halvings, you will see that most of the price actions upward are happening before the Bitcoin block halving event.
But this time, we are very volatile because of the ETF deadlines, it could affect the market, but still, we must stay positive.

[LogitechMouse]

Re: Short term corrections could be detrimental.

It will, and it will always be.
Whether it's the Spot Bitcoin ETF, or whatever event that's positive, we will see a surge in Bitcoin's price, then altcoins will follow after that. Investors will get FOMO'ed because they're a bit late to buy Bitcoins, then they will just see that Bitcoin's price went below their buying price because some investors already sold their Bitcoin holdings.

Let's not forget the infamous quote "Buy the rumor, Sell the News". I'm not seeing this phrase more often, but when an acceptance of a Spot Bitcoin ETF happens, Bitcoin's price will surge for a moment then they will sell immediately, taking some profit, and those who bought at the peak? They will be force to hold their Bitcoin, and will say to themselves "Oh, the bull run is coming anyway, so I'll just hold it and wait for the bull run to happen." From a short-term trader, to a long-term investor in an instant.

Overall, don't think of the short-term, but more of a long term. Plan for the long term. In that way, you will be much safer. You might see your portfolio being down 10% or even more, but as long as you're not selling then it will not be your permanent loss.

[tabas]

How I wish that I'll be a millionaire but there are lots of it here in the forum that have been holding two digits of Bitcoin and that's more than enough for their retirement but still will patiently wait until the end of the bull run.

smart people dont 100% cash out everything to then live on/spend it all
they instead just cash out portions of the gains to live on

never cash out everything. do everything in small allotments/percentages

like traditional finance, dont spend the capital, live off the interest/dividend
only take out (not all) but bigger portions if significant ATH to then buy more at discount n a correction

these 5% tides are nothing compared to the 300% tides of true ATH/corrections (mid 2021-dec2022)

dont get emotional over 5% waves, dont go full 100% trade on these small waves

I agree, while the thought of having a retirement fund is there but for sure that most of the holders that have got a lot won't just cash out everything. The flow continues of how it all started and there will surely be some Bitcoins left on their stash that's still going to continue as their holdings. That is one mistake that I've done when I was starting, I've sold most of my holdings but good thing that I was able to recover and still bought some along the way before all of these crazy prices have come up.

[CryptoBuds]

You seem to be contradicting yourself. And why should investors and hodlers be scared because of the potential spot ETF approval? Why should they be taking profit if an approval is most likely to happen? Also, are investors assured that there will be an approval rather than a postponement or even rejection? Who gives them the assurance?

Everyone has their own opinion, I also see many people taking profits because they think that whether the ETF is approved or not, the market will be very volatile and they do not want to participate in short-term fluctuations due to news about the ETFs causes. So far, there is a lot of evidence that an ETF will be approved, but we have no guarantees about that and there is also no guarantee that once an ETF is approved, bitcoin will definitely increase in price.

2024 is going to be bullish but if what you have are altcoins and shitcoins you are doomed. So to those who are keeping a lot of altcoins you better sell them for Bitcoin.

You are contradicting yourself because as you say, if 2024 is a growth year then why is holding altcoins bad? Like many people said, don't invest in altcoins but I have accumulated some Solana over the past year and I am making significant profits. It can be said that not only bitcoin can bring profits, many altcoins can bring better profits than Bitcoin and we need to accept that fact. Especially when the bull season comes, altcoins will bring much better profits than bitcoin.

[Fundamentals Of]

2024 is going to be bullish but if what you have are altcoins and shitcoins you are doomed. So to those who are keeping a lot of altcoins you better sell them for Bitcoin.

You are contradicting yourself because as you say, if 2024 is a growth year then why is holding altcoins bad? Like many people said, don't invest in altcoins but I have accumulated some Solana over the past year and I am making significant profits. It can be said that not only bitcoin can bring profits, many altcoins can bring better profits than Bitcoin and we need to accept that fact. Especially when the bull season comes, altcoins will bring much better profits than bitcoin.

I'm not contradicting myself because when I said 2024 is going to be bullish I'm referring to Bitcoin. Shitcoins will remain to be shitcoins and while their prices may increase along with Bitcoin in terms of USD, their value in Bitcoin is actually going down.

If you're making profit with Solana then consider enjoying it while you still can. Indeed shitcoins can also give you profit but they don't last long. They cannot sustain. Solana too will fall in time.

When the real bull season comes, Bitcoin will rise and shitcoins will bleed.

[cakravothy]

Currently, this is a year of halving without an ETF, and the price of Bitcoin in the following year is undoubtedly set to soar significantly and massively. It will reach its all-time high once again. If an ETF is approved, the price will surge initially before the halving. Typically, after halving, the price of Bitcoin tends to reach its latest all-time high. Therefore, we can only wait for the following year to see whether the price of Bitcoin will reach its latest all-time high or not.
long term bitcoin price still uptrend because halving

[pinggoki]

The correction affects more to altcoins than BTC itself. Its price could just pump almost instantly back to its previous high while altcoins struggle to climb. The majority had not bounced after BTC touched $45k again today.

So if traders were panicking to sell because of the thought it could go down to $40k due to the flash crash last Jan 3 drop to $40k, then the market really is becoming too unpredictable or the institutions are just creeping small traders.

Exactly, as you've already said, that's what bitcoin has been doing ever since with the correction. People's still don't get used to it though, I guess the sudden change in prices is still as surprising as the first time that we've experienced it but hopefully along the way, we learn that if this happens, we just need to have some spare money to put into bitcoin so we don't get left out in these opportunities.

[rodskee]

I am very certain about the bullish market season after the halving, and as such my advice to any true crypto/BTC investor who may become millionaires in the next 12-18 months, would be to hold tight and not let any short term corrections stop them or put them out of the market until the duration of their holdings is complete.

What are your thoughts?

I do also believe that we will be seeing the maximum growth of the halving effect in at least 18 months
but I also believe that we need to maximize our profit in different way and that is to sell our coins when its in the top
and sell them when its dumping , maybe that is a different approach than Holding but at least we can gain more in the
coming bull market.

[pooya87]

The talk of ETF approval is what's on board for now and because of this, many investors and holders are scared, thus, taking their profit before the market crashes.

This is what I concluded today too. It seems like the market manipulators are getting ready to take a big profit out of the market one way or another. If ETF is approved they'll try to "pump" bitcoin (so to speak) and take the profit that way and if it is not they will dump it by shorting it hard to make profit in a different way.
Either way, we are in for a short but volatile period soon.

P.S. There is a way their plans could fail which is if SEC postpones its decision like they always do, enough for the market to naturally enter the bull run so that their manipulation becomes ineffective (eg. shorting in case of rejection will only lead to their loss).