Re: Heading into 2024 crypto year: what are your hopes and fears?
Nobody can tell for sure what will happen or of we will break the immense psychological resistance of 100k, but we can talk about hunches or sentiment.
Taking into account the news about incoming ETFs, the halving in the next months, the price action of 2023 and the pattern of cycles that repeat every 4 years approximately, I am quite optimistic for Bitcoin, and I'm almost sure that if Bitcoin takes off, many alts will have an incredible ROI, especially low caps.
We could lose it all too, the future is uncertain by nature, so I would avoid going all-in too, not to get our fingers burnt.
Taking into account the news about incoming ETFs, the halving in the next months, the price action of 2023 and the pattern of cycles that repeat every 4 years approximately, I am quite optimistic for Bitcoin, and I'm almost sure that if Bitcoin takes off, many alts will have an incredible ROI, especially low caps.
We could lose it all too, the future is uncertain by nature, so I would avoid going all-in too, not to get our fingers burnt.
From what i observed yesterday night, I think there is every possibility that BTC would touch $100k or above if the BTC spot ETF is approved, BTC rose to $48k last night after a fake rumor of SEC approval hit the net before retracing back to $45k after it was observed the news was fake. It is now clear to me that the approval will definitely impact the price action but would BTC dip below $20k if it is rejected, that's the question i haven't gotten answer to
About this, we cannot ask anything because nobody knows what is the feature of Crypto Currency but at least we can share our advice. If we look back so in December of 2023 Bitcoin increased its price by 12.6 percent so I think in January Bitcoin rates will come down, and if the rate of Bitcoin came down so I think it is the best opportunity to buy because I think after January again go up.
that this would really be ending up on positive in the end of the day. Fears and anxiety on whats coming would really be just that normal since we've been able to experience those worst times on which the market
had really that corrected hard and reached out the bottom on which it is really just that giving out that kind of similar vibes and hesitance on which you wouldnt really make yourself that getting confident
whenever you do see these kind of pumps on which you would really be having impression that it is really just that a trap.
We are all hoping for the positive thing on which it is really just that normal since we are really that having those coins investment on which we would really be expecting something like
making profits and this is something that would be a normal approach. Fears would really be just normally be pertaining into those losses and crashes
in the market on where people do mostly doesnt like about but since we are dealing on an unpredictable market then it would really be a typical thing to be encountered.