What's happening in the cryptomarket

[Bl0odKn1ght]

What's the reason for it going down rn?

Getting ready to put some some money in stuff (give suggestions)

 

[Unalive]

We're transitioning away from the 1st Price Discovery Correction. BTC is poised to move back up and make new highs around 2 weeks from now. But for people not holding Bitcoin, there's lots of pain ahead. When BTC starts running again, chances are, the rest of the market won't move up with it, as there's no sign BTC dominance has topped.

 

[Lefor3Laser]

Idk i've put my money on doge coin, i don't think it's a good investment none the less.

 

[Bl0odKn1ght]

We're transitioning away from the 1st Price Discovery Correction. BTC is poised to move back up and make new highs around 2 weeks from now. But for people not holding Bitcoin, there's lots of pain ahead. When BTC starts running again, chances are, the rest of the market won't move up with it, as there's no sign BTC dominance has topped.

Yea, i belive aswell

When do u think we will see the reversal? Im getting around 500 dollars tomorrow that i can use to put in to some crypto (want to do it at the right time)

 

[Unalive]

Yea, i belive aswell

When do u think we will see the reversal? Im getting around 500 dollars tomorrow that i can use to put in to some crypto (want to do it at the right time)

For everything else, late February or early March (though this Alt season will be most likely be limited in scope). For Bitcoin, within the next two weeks.

 

[Whatever]

I don’t know, I don’t plan on putting in any money to hold in crypto, just memecoin roulette. The coins are now free falling from an all time high that they have no reason to get back up to, Trump’s stupid trade war just tanked the economies of several countries overnight, and holding crypto as an investment is now more mainstream than it was in past cycles so it’s not so far removed from other markets and the economy as a whole anymore. Memecoins could be above this because it’s all about pumping and dumping within a few hours, especially on Solana. But I don’t know about even that because Solana memecoin pumping and dumping requires a lot of trial and error and initial loss and myself and many other people I know are more worried about our jobs than to be taking any risks with any extra money.

 

[Bl0odKn1ght]

But I don’t know about even that because Solana memecoin pumping and dumping requires a lot of trial and error and initial loss

I found that out the hard way, so im just holding crypto, i put in another 260 on dip

 

[Whatever]

I found that out the hard way, so im just holding crypto, i put in another 260 on dip

I’m going it through it too right now boyo, just fucked up on another memecoin tonight, but you learn from these mistakes and now that I’m learning all I can think about is the potential. I guess it depends on your financial situation, if you have the income to keep putting small amounts in then memecoin gambling might be better, if you have less income but can shift around net worth then there’s a lot more appeal in holding.

 

[Unalive]

For everything else, late February or early March (though this Alt season will be most likely be limited in scope). For Bitcoin, within the next two weeks.

I should probably provide an update. It looks as if bitcoin will recover close to or by the end of this month. My two-week deadline was off.

My advice? Take everything off the table unless you want to lose money.

 

[Bl0odKn1ght]

I should probably provide an update. It looks as if bitcoin will recover close to or by the end of this month. My two-week deadline was off.

My advice? Take everything off the table unless you want to lose money.

Take off the table as in sell everything?

Bought on the recent dip and made some profit, probably still in a little profit, but i dont want to miss out on stuff

 

[Unalive]

Take off the table as in sell everything?

Bought on the recent dip and made some profit, probably still in a little profit, but i dont want to miss out on stuff

Really? That's surprising. Most Alts have been going in circles. Up then down. Up then down. More or less following what BTC has been doing.

Even if you've made money, it's better to wait for a sustained move-up.

Here's what I think will happen:

1. Bitcoin recovers over the next few weeks, then makes new All-Time-Highs.
2. BTC Dominance wicks above the 71% level.
3. The Fed announces the end of QT. (The next FOMC meeting is in mid/late March). The market may price that in ahead of time. Alt/BTC pairs bottom. With Alt/USD pairs following suit a little while later.
4. Alt season.

This time, though, asset selection will be just as important, if not more important than timing.