Quote from: enhu on Today at 01:30:17 AM

Quote from: TravelMug on Today at 01:07:56 AM

Quote from: arufox on December 10, 2021, 07:24:36 PM

Quote from: Obito on December 04, 2021, 03:38:07 PM

This is a big opportunity for those that have the money to buy right now, now that a lot of alt coins and bitcoin is going down, I think that it's a good time to start buying right now especially with a possibility of pump in the next year or even this month, you don't want to miss out. As for me, I have everything in place, just need to get more money to buy more bitcoins.

True, most traders have made wise investment decisions during bear markets like today. Investors and traders who are willing to take the risk of speculating on Bitcoin and altcoins make huge profits if they buy and sell at the right time. Traders can earn huge profits by observing market movements and taking advantage of price changes.

Yes, smart investors knows how to take advantage of the market situations to gave them a winning profit in the end. Maybe it's not what we expect as this time, maybe they are just waiting for the right now to fill their bags again, maybe they are waiting for the price range of $30k to buy bitcoin again.

Nevertheless, I still believed that we can still be in the bullish phase if that scenario happen because many are going to buy and push the price again next year.

A lot of the new investors will really be devastated if the price will sink to 30K.
Seem panic only that drives this bearish move. The Senate hearing about the infrastructure bill looks good already, so it could just be many of the whales trying to make holder panics especially that there are lots of newbies coming into this market hoping to hedge from the current inflation. Too bad for these new investors, China's crisis is also making the world economy worse.

Bitcoin is getting more bearish because it is December as many investors are waiting for December to cash out. If you look at the bitcoin price history for every bullish year you might notice December is the month with the highest bitcoin sell up. During the bitcoin bullish market, many people are investing in bitcoin and wait for December to cash out, this is not something new it is just history repeating itself.