Bullish trap_What the lesson?

[Pandu Geddon]

These are not people doubting bitcoin but that they where having a target price for Bitcoin to touch down low again before purchasing and they miss a good price to buy as Bitcoin price keep covering heights. Yesterday bitcoin was 77k and immediately these very people are now buying out of FOMO at a higher price and could not wait for the .false breakout to happen.

If they don’t reach the target purchase price, then they need to evaluate their analysis of Bitcoin’s price movements. There’s nothing wrong with waiting for a drop, but the purchase target also needs to be considered reasonably. 
The price drop that has been happening for quite a while, starting from the end of last year, should already give an idea of a good price range to get in. If they delay buying and miss the opportunity, then their plan should be adjusted if the market trend really doesn’t match their plan.

[Silverstonez]

What is the lesson?

Actually, there is no lesson here. People should stop waiting for a good entry point, they can accumulate Bitcoin at any price provided they want to hold it for the long term and not for short period of time.  Also, people should stop accumulating Bitcoin because of fear of missing out, those who usually buy Bitcoin because they don't want be left out, and not because they truly want to invest in bitcoin usually end up selling their Bitcoin investment at the early stage of accumulation in lost due to panic when Bitcoin price start going down, instead of going up as the expected it to go.

[Marykeller]

How much time do those people complaining about not buying sufficient Bitcoin have before they feel they have a good amount of Bitcoin in their portfolio? I believe they can't tell.

You see, when people complain about one or two things about Bitcoin, I don't think I take them seriously. You know why? Because they procrastinate a lot. Bitcoin has been at a low price for a long time before the sudden increase happened. They couldn't take advantage of the market to buy as much as they could. It's now they want the market to decline to their own speculated price, they are a joker

[adultcrypto]

It is not established that the current moves of the market is bull trap, it could mean change of momentum that will usher in bull market. I was actually having the opinion of a bullish trap sometime ago but the reversal happening now shows great willingness of the market to see higher prices which I feel is targeting 100k. That is itself bull run because price will just be 26k away from the ATH with hopes of that being gotten before the end of Q1 next year.

[Hardyrobust]

 There are people that was thinking that the price of bitcoin will continue declining and because of this they failed to buy or utilise the opportunity that the market has offered. They were waiting for a desire dip only for the price to start going up again. So the lesson is very simple, it is not a good idea for anyone to wait for a desire dip because it may end up not happening. Instead of waiting for a desire dip before they buy bitcoin they can be buying whenever they have the available cash to buy bitcoin with. There are many people that will be disappointed because they have missed to buy bitcoin at a lower price while waiting for a desire price.

[EL MOHA]

There are people that was thinking that the price of bitcoin will continue declining and because of this they failed to buy or utilise the opportunity that the market has offered. They were waiting for a desire dip only for the price to start going up again. So the lesson is very simple, it is not a good idea for anyone to wait for a desire dip because it may end up not happening. Instead of waiting for a desire dip before they buy bitcoin they can be buying whenever they have the available cash to buy bitcoin with. There are many people that will be disappointed because they have missed to buy bitcoin at a lower price while waiting for a desire price.

It’s always like this, there are always people who don’t buy when it’s the right time because they are scared and then they end up buying when there the market is actually going to already. You would one of the common indicators in the crypto market is the fear and greed indicator. Usually what I say to short term investors is that they should buy when the market is in its fear zone and then sell when most people are showing the greed sign.

Aside this simply logic what it means is that people actually just want something heading up all the time and never bearish sentiment which is the opportunity for others to investor into bitcoin

[Agbamoni]

Some person somewhere is complaining why the Bitcoin price is rising now cause he does not feel he has bought sufficiently for price to begin rising now and for this he feels is a trap that price is going up right now.

A delusional set of people will think this way. Honestly, we had enough time to buy Bitcoin. We've been singing it here in this forum for a long time that people should take the opportunity to bag as much Bitcoin as they can lay their hands on to avoid stories of regret. Bitcoin hasn't reached its ATH, but people are already talking about how they were unable to get enough Bitcoin. The saying "opportunity comes but once" isn't a joke. If you underestimate Bitcoin, the consequence will be yours alone to bear.

[Ayers]

It is not established that the current moves of the market is bull trap, it could mean change of momentum that will usher in bull market. I was actually having the opinion of a bullish trap sometime ago but the reversal happening now shows great willingness of the market to see higher prices which I feel is targeting 100k. That is itself bull run because price will just be 26k away from the ATH with hopes of that being gotten before the end of Q1 next year.

What signal or data show that the market is ready to move higher and has a chance of reaching $100k?
To be fair, nobody really knows what is going on right now. Is this bull trap or real bull market? Nobody knows. We are all just making prediction based on our own feeling and what we want to see happen.

Personally, I have no idea where the market is heading next either. That's why I think we should always have a plan for both scenario rather than betting everything on one direction.

[Bitcoin-Forever]

We should be very careful of falling to bullish trap, same as well can happen with a bearish one, sometimes the market can be unpredictable and reacted in an opposite manner from what we expected of it.

This may shows it intention to fall, whereas on the actual pattern, it was just a distraction to show it's indication for rising, it will be so painful when you discover that after we have speculated and got the accurate pattern towards the market movement, everything ended up a futile effort when a sudden change occurs.

[Callido]

A delusional set of people will think this way. Honestly, we had enough time to buy Bitcoin. We've been singing it here in this forum for a long time that people should take the opportunity to bag as much Bitcoin as they can lay their hands on to avoid stories of regret. Bitcoin hasn't reached its ATH, but people are already talking about how they were unable to get enough Bitcoin. The saying "opportunity comes but once" isn't a joke. If you underestimate Bitcoin, the consequence will be yours alone to bear.

This should not be a problem as it is, nobody can understand Bitcoin price movement, it is something we are not meant to understand, the market moves in its own direction. Most of the time, our speculations are far from what we see in reality, $77K price today can return to $60K in less than 48 hours. In a perfect sense, anybody who has a plan to invest shouldn't hold back, prolonging when and at what price to buy may end up not going through with the arrangement. This might be a bullish trap or a way further up from here, what exactly will happen is what no one knows.

[Sobz]

These are not people doubting bitcoin but that they where having a target price for Bitcoin to touch down low again before purchasing and they miss a good price to buy as Bitcoin price keep covering heights. Yesterday bitcoin was 77k and immediately these very people are now buying out of FOMO at a higher price and could not wait for the .false breakout to happen.

What is the lesson?

You dont wait for the market to give you what you want. Whatever price the market gives to you, you just have to act immediately because you dont know if the market will give you that price you desire. The price of Bitcoin in the market can also be an opportunity that if you delay you may not meet it at that price again. You cant wait for the market because those who wait for the market always lose opportunity but if you buy always and bitcoin price drops it is still a good opportunity for you. It is not right to target bitcoin because it cant be predicted and targeting bitcoin makes it difficult for one to buy bitcoin.

[Popkon6]

The long-term survival of Bitcoin investment will depend on the investor's plan. Therefore, if we invest in Bitcoin in this situation, we will definitely achieve success, so we will focus on investing in Bitcoin rather than on price research on the Bitcoin market.

These are not people doubting bitcoin but that they where having a target price for Bitcoin to touch down low again before purchasing and they miss a good price to buy as Bitcoin price keep covering heights. Yesterday bitcoin was 77k and immediately these very people are now buying out of FOMO at a higher price and could not wait for the .false breakout to happen.

What is the lesson?

Those who are worried about the price of Bitcoin will not be able to sustain their investment in the long term. Because there are many investors who are waiting for the price of Bitcoin to fall further, which is why they are deprived of Bitcoin investment, while some investors are ready to give up their holdings because of the slightest increase in the price of Bitcoin. It is scary for all these investors because it is difficult to tell what situation they will face at any time,
so in this situation it is most important to invest in Bitcoin according to the DCA method alone. No matter which direction the price of Bitcoin moves, the DCA method will help you in all aspects, and create savings on the purchase price.