Post
Topic
Board Speculation
Re: Stressful crypto market
by
arwin100
on 15/09/2022, 13:42:20 UTC
This is common with all the investors. For now the market is good for investment, because there is bullish move. Taking an entry could get short term profit. People always have a fixed price to make a buying, but when it is being reached the mind wavers and decides to buy even at a lower price. Finally they never buy it and ends up with regrets.
I have not seen sign of bullish, actually this is a direct time of investment either short term investment or long term investment, because it's good for someone to buy Bitcoin when the price is on the state of degradation, that should be a perfect time of someone investment should make a large profit if eventually the bullish meet up the investment.
I can't find a bullish sentiment yet either. On the contrary, it is a time of accumulation of different assets and there is no guarantee that a new bottom will not happen. If you invest in bitcoin or other valuable coins like ETH or ATOM, now is a good time to do so. The main thing is not to panic.
Exactly, this is the best period to purchase as many you wish to purchase in cryptocurrency because of it's slow reaction in the market, because i know that after this period of bearish season and the little approach of bitcoin increasing gradually, time shall come when we shall enter into bullish market, what bitcoin is doing right now is a recovery method.  Because it's obvious that when bullish comes, it affects other cryptocurrencies to accelerate in a different dimensions.
I don't know if you can call the growth of other altcoins during the downtrend of bitcoin an acceleration, but it seems to me that this period is an accumulation. Or even a bull trap, where alts grow stronger than bitcoin and then abruptly deflate. Until bitcoin gets out of the accumulation phase and starts to rise no bull run is out of the question.

But we don't see a bull run happens before if no halving phase happen so I guess this is one of important events before this thing happen. And the sentiments of the people is negative at the moment so for now by seeing how people react to the current situation it will also indicate that we will not see a bull market season this year so we need to be careful on hyping scheme since many people do that.