Quote from: Wind_FURY on Today at 01:23:45 PM

Bitcoin is surging, and it has gone over $26,000. But I'm not yet that convinced that we're starting a new bull cycle. Is it time to buy EVERY DIP? Yes. Has Bitcoin reached the bottom during November? Most probably. But because of the Macro-Economic situation around the world with inflation also surging, I believe the Central Banks might start being more aggressive to control it = more tightening. Because if the Central Banks cannot control it, inflation itself will cause a recession, and that will definitely not be good for everyone.

You are a bit ambiguous both in terms of your prognostication regarding what might happen and also lack of specificity regarding what constitutes a "dip" worth buying.

#justsaying for a friend.

Quote from: bangjoe on Today at 01:46:49 PM

Quote from: Wind_FURY on Today at 01:23:45 PM

Bitcoin is surging, and it has gone over $26,000. But I'm not yet that convinced that we're starting a new bull cycle. Is it time to buy EVERY DIP? Yes. Has Bitcoin reached the bottom during November? Most probably. But because of the Macro-Economic situation around the world with inflation also surging, I believe the Central Banks might start being more aggressive to control it = more tightening. Because if the Central Banks cannot control it, inflation itself will cause a recession, and that will definitely not be good for everyone.

The bankruptcy of the SVB bank because the Fed was too harsh in raising its interest rates so that it was not only the bitcoin market that was affected but caused a threat to banks that do have a little liquidity and I think that will be a consideration not to apply aggressiveness to interest rates.
Buying every dip at the current state is a pretty good thing in my opinion, because we are not yet in the bullrun phase, because if the bullrun phase has started I think it will be very difficult to find a decline like a few days ago which caused bitcoin to turn to $ 19k, and I think it's very difficult to wait for it to happen again, most likely we will make a new dip at the current resistance price.

You are also failing/refusing to specify what you consider to be dip that would be sufficient for buying.. even though you seem to be giving some specificity when you suggest that going down to $19k is less likely than it had been.. but yeah, sure.. I am never really assured that current momentum is anything beyond temporary.. and it is really difficult to assess whether momentum has gained enough traction to give much if any confidence for UP rather than down.. in the short term, even if there does seem to be some momentum of UP.. that may well be short-lived.

By the way, I had been thinking that some of the most recent actions of various US Govt agencies (cannot always tell who is causing the outcomes) seems to have had dried up some liquidity channels that had been available 24/7, so I am not sure if that is going to cause greater difficulties to move fiat during off-hour times (such as weekends), which could cause DOWNity price pressures on the weekends if some of the players cannot move fiat around as easily... yet it could just cause more fleeing to USDT or maybe some other coins that seem to be less subjected (at least for now) towards US Banking authorities attempts at cracking down on USD-related channels... so yeah, for BTC prices to pump at any time, there is either a need for dollars to be held on exchanges or various third party channels.. or there is a need for the dollars to be able to be moved fairly rapidly (even during non-banking hours) from banks to various BTC exchanges... it will be interesting to see how the liquidity of the various channels might be affected by aspects of what seems to be "operation choke point"... even though I give few if any shits about shitcoins that might end up being used for these kinds of movement of value purposes... and will those dry up too? or get choked somewhat?