So i've been a trader since early 2017 and i have never seen such low volatility in market. Even at the time of 2018 bear run the things were quite slow but this time its totally different. It makes a move and consolidates for like a month or two now. Which was never the case in past.
Its possible that only i feel like that and other people still see it like the normal bitcoin trend. But there was fun every week in crypto before.
What do you guys think ?? Is it just me or some of you others feel the same??
And if it is like that then what do you all think when the wild ride start again like old days ??
Fluctuations occur when either there is a lot of demand or there is a lot of supply. When the demand is high and supply is low, the price fluctuates on the positive side which means it will increase, and when the demand is low and supply is high, the price tends to drop significantly over time. That is the basic reason for Bitcoin's stability these days, not a lot of people are willing to buy and a lot of people are not selling as well, so the equation is almost the same from both sides.
If a lot of people start investing all of a sudden, we will surely see the price going up, and if a lot of people start selling at the same time, we will see the market plunge even more, that is how the market works. However, we can always make use of the opportunities we get to buy more as long as we can.
Right now we are on the dull moments of bitcoin, this has happened before, go check 2016 and 2019 and you will see the similarities, sort of the same thing with about right now as well. When the crash happens, one year after that is about the same, and right now we are living about the same period as well.
I think this is quite similar to something like 2019 where it will not have a lot of moves, and it will be calm period and then we are going to do better for sure. I think it should be important to remember that it is not an easy thing to move bitcoin and it happens when it needs to be and rest of the time it doesn't move that much. We will see it go up, and volatility will be there, we just need to wait for it.
I don't remember every detail in 2019 but if you say the market is repeating what happened in 2019, does that mean we still have a chance that bitcoin will be dumped again? Do you remember? In 2019 bitcoin recovered to $12k but then in 2020 before the halving it was also dumped and dropped to $4k, and the reason is due to the Covid pandemic. If history continues to repeat itself, will we suffer another round of dumping? Will another black swan hit the market?