They think Bitcoin is boring now, uh? That’s its biggest flexibity

[CryptopreneurBrainboss]

My Question to the veterans here:
Do you think this sideways action is shaking out impatient and overleveraged traders before a possible bullish breakout?

The current happenings to the market (price of Bitcoin) is a necessity as it filters the weak investors out of the market  and rewards only the strong hands. What's currently happening isn't new and I don't see it stopping anytime soon as we'll always have times when the market will be on corrections phases like this that's why instead of the constant complains, we're to take full advantage of the situation and do what's ideal in this case (accumulate Bitcoin). There isn't any boring time with Bitcoin, when you think the market is boring that's the perfect time to take a break from all the noises (price appreciation) and focus on the technology behind the Bitcoin Blockchain to see what's going on in the background to understand everything you need to know about Bitcoin and not only the price movement.

[Dunamisx]

No matter the depth of what is happening around the world, bitcoin will always remain unaffected by the economic circumstances, because the network does not rely on this for its performance, bitcoin market price only depends on its demand and supply as people are found buying and selling, we cannot doubt for a sudden reaction sometimes but all that happens will only cause a short time influence over the market to be at and not the main determinants to how we see the reason and falling of Bitcoin price.

[aoluain]

My Question to the veterans here:
Do you think this sideways action is shaking out impatient and overleveraged traders before a possible bullish breakout?

The current happenings to the market (price of Bitcoin) is a necessity as it filters the weak investors out of the market  and rewards only the strong hands. What's currently happening isn't new and I don't see it stopping anytime soon as we'll always have times when the market will be on corrections phases like this that's why instead of the constant complains, we're to take full advantage of the situation and do what's ideal in this case (accumulate Bitcoin). There isn't any boring time with Bitcoin, when you think the market is boring that's the perfect time to take a break from all the noises (price appreciation) and focus on the technology behind the Bitcoin Blockchain to see what's going on in the background to understand everything you need to know about Bitcoin and not only the price movement.

And there was me thinking that all the weak hands had already been flushed out. I just dont
understand the thinking...if someone has HODL'ed from an ATH for example and watched the
market slide 50%, why sell then, anyway everyone reacts in different ways.

So yea I think there will always be over leveraged liquidations and happenings like Coldcard
and Trezor/ShipMonk will create ripples in the sideways movement of the market which will
create panic and FUD.

[SeriouslyGiveaway]

And there was me thinking that all the weak hands had already been flushed out. I just dont
understand the thinking...if someone has HODL'ed from an ATH for example and watched the
market slide 50%, why sell then, anyway everyone reacts in different ways.

With inexperienced people, it's easily to hold their bitcoin for a long time from prices around all time high to bear market with many crashes, bounces and recoveries before they are no longer be able to stay strong, and control their emotion, consequently sell their bitcoin around bottom price range. It's very common mistake from newbies in this market, and among people who don't actually have weak hands but just failed to control their emotion and actions after many bearish months.

With people who sell their bitcoins nearly bottom price range or in that bottom range, they don't actually have weak hands, just they have their own limits and can not hold their bitcoin longer even they are very nearly to the end of bear market, and to harvest their investment result with a coming market cycle.

[ZAINmalik75]

No matter the depth of what is happening around the world, bitcoin will always remain unaffected by the economic circumstances, because the network does not rely on this for its performance, bitcoin market price only depends on its demand and supply as people are found buying and selling, we cannot doubt for a sudden reaction sometimes but all that happens will only cause a short time influence over the market to be at and not the main determinants to how we see the reason and falling of Bitcoin price.

Geopolitical concerns can sometimes affect the market, especially if those concerns or problems are within regions where cryptocurrencies are adopted at large, which means that the problems happening in the region will either make people buy or sell cryptocurrencies for various reasons, such as to stay safe from devaluation of their own currency, to save their assets from losing value if it's invested in things such as real estate because if there is war or something, real estate within that reason will lose value and investors will try their best to shift their investments into other industries.

However, we are discussing about the stability of Bitcoin and cryptocurrencies, which is a normal thing if you ask me, because we can't expect the market to keep moving with the same pace all the time. Sometime there will be quick drops, sometimes quick gains, but sometimes, there will be times when the market won't move that much, it will go sideways, and this mostly happens when a bull run is over and the bear market is around the corner.

[SquirrelJulietGarden]

Geopolitical concerns can sometimes affect the market, especially if those concerns or problems are within regions where cryptocurrencies are adopted at large, which means that the problems happening in the region will either make people buy or sell cryptocurrencies for various reasons, such as to stay safe from devaluation of their own currency

Geopolitical issues can change many things in many countries globally from politics, economy and related regulations that all affect people both nationally and globally. It can affect economy, fiat currency purchasing power, quality of life, and can trigger needs of people to find safe heavens. During chaotic times, gold is one of the most favorite safe-heaven assets, and Bitcoin is going to grow up more with time and become another safe-heaven asset alternative for people.

However, we are discussing about the stability of Bitcoin and cryptocurrencies, which is a normal thing if you ask me, because we can't expect the market to keep moving with the same pace all the time.

Bitcoin market is still volatile and it has still stayed behind gold during chaotic times and turmoils but time flies and it will help Bitcoin to become stronger, have bigger market cap, less volatile. It's only time when Bitcoin will become one of most favorite choices for people when there are wars, military conflicts, trade wars and so on.

[jcojci]

This sideways action is shaking out impatient and overleveraged traders so those who can't stand out for more are gone. They will regret leaving the market without buying anything or prepare for the next bullish market comes.

But those who can stand out and accumulating more Bitcoin will have the benefit after this market change better. They will see the profit comes to them and bigger than before because they can prepare themselves by having more Bitcoin than before. I called this as a strategy to prepare our future and only those who can survive that will enjoy the profit.

[BlackHatCoiner]

Do you think this sideways action is shaking out impatient and overleveraged traders before a possible bullish breakout?

This is what always have happened, and what everyone keeps forgetting.

This sideways chop is specifically designed to violently separate the impatient from the orange-pilled. Let Blackrock quietly sweep up the supply while the TikTok traders get bored and sell to go chase memecoins.

It's all about delayed gratification. Relevant thread: 2014, 2018, 2022, 2026.

[Findingnemo]

There will always be panic sellers who buy high and sell low and worse thing is they keep doing it more than once. Any investment should feel boring to bring the real results that is why long term investors make the real profits despite doing nothing but just holding their nerves while everyone panic and starts saying bitcoin is going to zero.

[iBaba]

~~~

Sideways markets can definitely test peoples patience, but still I would not automatically assume that a breakout is coming. Sometimes bitcoin simply needs time to find its next direction.
I have been through periods where the price looked boring for weeks and everyone started questioning the market, not only for sentiment to change very quickly afterwards. At the same time, I try not to let that short term predictions influence my whole strategy.

Honestly if someone is accumulating the long term a few months of sideways movement should not change everything. The important thing is to avoid leverage, manage risk and not let market noise force emotional decisions. so sometimes doing nothing is also part of the strategy.