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

[Japinat]

The moment you think bitcoin is boring, that makes you an amateur with bitcoin. It's like you don't know how volatility creates the biggest thrill and excitement with bitcoin price, although there are times in the market where is there is less volatility and other times seems the volatility is too high.

Now, becoming more impatient will only push you to create wrong decisions in the market. You aren't here for quick and instant profits, so being impatient is useless. Bitcoin is not made for short term but long term investment, so as much as possible no matter how uncertain the market is, one should remain patient and stay out of leveraging.

Leveraging is never an act of strength, but rather its a sign of being weak in the market because the more you take time to leverage, the more you are putting your coins in a higher risk of losing. But instead, take a break and stop monitoring the market to achieve peace of mind and avoid burnout.

[Sanitough]

Every time the market moves in sideways, weak people resort being impatient. Because they really think ignoring the market will only make them suffer from bigger losses, when in reality they won't be losing if they won't sell in panic. But I think they really have different mindset in times of a bearish market, while some stay calm while watching the market, they end up becoming more restless and panicking.

When people invest and expect get-rich-quick profits, you can't assume them to be patient in times the market is bloody.

[Sonia_123]

It's like the bearish season will want to come to an end ; because we might experiencing a surge in the price of bitcoin, bitcoin has being facing alot lately in price fall which has kept alot of persons confused about what is happening to the price of bitcoin, some has even lost hope in it since it experience a longer dip and getting as low as 60k before bouncing back which caused a lot of buying and holding for those that has additional and reserved funds were able to accumulation more to their portfolios

[Don Saga]

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.

People who panic sell are people who are into Bitcoin investment for short term profits, and that is the wrong mindset to address bitcoin. Before engaging in bitcoin investment, there should be the basic knowledge of how the market operates, a little drawback should not spark fear into the hearts of true investors, the goal should be to strengthen the investment power and build a solid portfolio to withstand the bear season.

[SPIDERMAN008]

I used to think like this myself. But in fact, it is not understood that the price of Bitcoin changes based on which world event. The events you mentioned do not really indicate whether the price of Bitcoin was supposed to change. The events you mentioned are certainly important market events. But there is no guarantee that they will affect the price of Bitcoin . I believe that many major economic and political changes in the world affect the price of Bitcoin, but these constantly occurring events may not have much impact on the price of Bitcoin now. And the Bitcoin market is now very large. That is why we may not understand at all what event is causing the price of Bitcoin to increase or decrease. Today, after about a few months, the price of Bitcoin has risen above $70K. I cannot find any reason behind this. Such prices tend to fluctuate in the short term. We look at it from the outside, but in reality, it is possible to understand what is happening due to which event. If it were possible, the price of Bitcoin would be very easy to predict.

[taufik123]

Bitcoin was able to break through the $70k price and this is a pretty strong increase and this continues until it reaches the Bullish Resis and Bullish Target.
Those who still hold on and buy more, get profits and the Portfolio Value is going up and green.

Those who know how the Bitcoin market moves should be holding and accumulating. We have seen how this market trend will continue, there will be another ATH if history repeats itself.

And look now, the upside continues to occur and after Bitcoin can break through the Bullish Recession, Bitcoin also reaches the target Bullish point at $79k+++ and this is a new Resistance point that still needs to be broken.
Wait for the Weekly Close Candle to see where the price will continue.

If the price continues to hold above the Flip Trend, this would be a good early indication for Bitcoin to hold on and continue to reach the highs.
$80k is getting closer and closer to being reached, but some corrections are needed to make support stronger.

[Cleanshit]

I That is why we may not understand at all what event is causing the price of Bitcoin to increase or decrease. Today, after about a few months, the price of Bitcoin has risen above $70K. I cannot find any reason behind this. Such prices tend to fluctuate in the short term. We look at it from the outside, but in reality, it is possible to understand what is happening due to which event. If it were possible, the price of Bitcoin would be very easy to predict.

Yes exactly, when you are trying to find a reason over every short term price movement gives a room to easily lead one to overthinking. If you check it allot of factors are influencing market at the same time it not all move that do have an obvious explanation attached. As a long term holder is very important for you to understand the uncertainty this because it help you to not have to react to each price change

[o48o]

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

Hasn't it always been like that? When it comes to overleveraged traders, they will be shaken out every time when situation changes.

Not sure what you mean by impatient though. People who are waiting now and not buying are either patient or hesitant, yet they might even miss the train. People who are selling at the bottom aren't impatient either, but more likely desperate or panicking.

[Plutomanian]

I used to think like this myself. But in fact, it is not understood that the price of Bitcoin changes based on which world event. The events you mentioned do not really indicate whether the price of Bitcoin was supposed to change. The events you mentioned are certainly important market events. But there is no guarantee that they will affect the price of Bitcoin . I believe that many major economic and political changes in the world affect the price of Bitcoin, but these constantly occurring events may not have much impact on the price of Bitcoin now. And the Bitcoin market is now very large. That is why we may not understand at all what event is causing the price of Bitcoin to increase or decrease. Today, after about a few months, the price of Bitcoin has risen above $70K. I cannot find any reason behind this. Such prices tend to fluctuate in the short term. We look at it from the outside, but in reality, it is possible to understand what is happening due to which event. If it were possible, the price of Bitcoin would be very easy to predict.

We're just trying to know earn reasonable profits from Bitcoin but we can not seal the final factor that cause why Bitcoin moves in either bullish or bearish direction. Bitcoin is very important project in the crypto market, and the movement is filled with volatility even when the market movesn obvious in hindsight. It's good to always respect those professional traders and investors that are investing and also gaining in gigantic figures from Bitcoin because it's not an easy thing. We totally understand what the market is all about and how Bitcoin have come to pump and also dump on investors that enter or invest late entry on Bitcoin.

However there are different factors that causes Bitcoin to move uncontrollably in the market, it can be very important to acknowledge the basis of Bitcoin because these factors doesn't care who you are in the market, they can take you out especially the sentimental factors, that's the noise in the market, macro economic settings, the whales buy and sell orders and so on.