Quote from: mirakal on November 14, 2023, 11:32:39 PM

Quote from: tvplus006 on October 12, 2023, 03:51:48 PM

Quote from: Macoach on October 03, 2023, 03:46:18 PM

Going back a full month, in late August or early September, many people on several site and on the cryptocurrency Twitter were suddenly very vocal in saying that September was bound to be bearish for Bitcoin because the previous two had seen significant dips and because September is simply historically one of the worst performing months for cryptocurrency...

This is confirmed only by the fact that Bitcoin does not have any cycles. Therefore, in order to predict the price of Bitcoin for the future, it is necessary to closely monitor the general state of the economy, as well as news that is directly related to the cryptocurrency.

We may have bullish and bearish season but it’s certainly no fixed months when it will hit the market. Even history cannot be a sure guarantee that it’s going to repeat again or might create a new market history. This is a clear evidence that the uncertainty and the unpredictability of the market is even higher than its history.

There could be pattern that we have to look at the past to predict the future, but it could still be a hit more miss as the market is very hard to predict because it's very volatile. Just like in October, I will say that no one expected a huge spike in the price as he simply slice to the barrier that time which is $32k and now we move past it and it's our support line. So it's very unpredictable and we should understand that.

Quote from: mirakal on November 14, 2023, 11:32:39 PM

The only way to predict or determine the current state or season of the market is through close monitoring of the market and its important events that will have an impact on the market. Although history is still important, but it’s never safe to rely on it more often as these current big news and events leave more impact on the market.

Or better yet, just be a long term investor so that you won't be affected by this price movement. Just buy thru DCA and go hard week by week, month by month and then just wait for the bull run to occur and then sell your stash slowly to maximized your profits.