Quote from: lixer on January 27, 2025, 05:52:52 PM

Quote from: knowngunman on January 27, 2025, 08:46:27 AM

As at now 9:21am WAT, Bitcoin price is $99,180 which is below $100k. What does this mean actually? Well, it means the actions from government and some of these institutions can actually trigger the price of Bitcoin to certain level but it doesn't mean it would stabilise the price at stagnation without declining. However, I'm not saying we are going to witness the price going as low as $50k but on the other hand, we can not comfortably refute it's possibility. In the last bear, we witnessed the price going below $16k which no one really expected.

People are expecting something positive from the current government and institutions but why the price goes down? But if we are only talking about triggers or effects, then yeah they can easily influence it in any direction they wanted to, because they have more power to manipulate BTC. That being said, if they wish to stabilize the price, they can do it for real by just not doing any actions (buying or selling). The price before is much lower than what we have now, so we will have stronger bullish trend ahead.

I am not sure if anyone is manipulating bitcoin, there are people who sell, there are automatic liquidation from longs that impact it too, but that's about it. We are going to of course have some down market as well, it is going to be hard to keep in it while market going down because we will end up wanting to get out with the fear.

That is why I always suggest a dynamic stop loss, the higher the price goes, the higher your stop loss should go, that way you could probably make a lot more money. This isn't really that difficult to do, many big traders do it and we are going to end up with a much better result if we follow this as well, I am not really interested in anything else, we could make profits grow a lot more.