I think there are no obstacles for#Bitcoinin the coming period, except for a summer that I think will be boring.
I think that the 69.000$ level will be crossed permanently by the end of the summer, and an altcoin rally like the beginning of 2021 will start at the end of 2024.
In the most enthusiastic days of Taurus, as we approach the peak of the next Bull Season in #Bitcoin;
I won't share altcoin targets to get the most applause
In order to get the most benefit, it is impossible to reach the top, we need to sell only in the right place instead of chasing the impossible and take that money out of the stock market to prevent us from succumbing to our greed and buying new coins, we need to accept that we cannot reach the top and have the will to watch the rises from the sidelines for a while,
If we get greedy and jump from branch to branch, we will be stuck inside with the sudden collapse that will start the Bear Season, and with that psychology, we will put all our savings into the stock market to save that money, along with all the earnings we earned in Taurus, and then lose it,
The beginnings of past Bear Seasons, how they continue and what will happen in the future in light of these,
How our money will become money in the future if we do not take money out of the stock market to chase the impossible and reach the top,
I will share it over and over again without getting tired of it.
I will be the most hated and disliked account of the new investors who will come flocking to me with great hopes saying "everyone wins and I will win too" because I will share these in the most enthusiastic days of the bull, but with the shares I will make, a small group of people who trust me will be able to win the next When the Bear Season begins, I will prevent him from losing his earnings and slowly injecting all his savings in the hope of saving my money.
When those days come, my goal will not be to garner the most applause, but to provide the most benefit.
In the most enthusiastic days of Taurus, when we are approaching the peak of the Bull Season, it takes great willpower to be able to exit crypto without getting greedy, despite altcoins rising recklessly. It is more difficult to wait in a bear for months or even years at a loss. #Btc!
$3 billion in the hands of the German Government Mt.Gox Stock Exchange Has $BTC Stocks Worth $9 Billion... Add It All Up $12 Billion... Total Market cap of Bitcoin is $1.1 trillion Even if the German Government and Mt.Gox sell all their #Btc! ... BTC will decrease by 1% or 2%... Therefore, the reason for this decline is not the German Government and the Mt.Gox Stock Exchange Selling, but the Fear Pumped into the Market..Everything is a Cycle. Just as Market Makers turned the market into a bloodbath today, when the time comes, they will turn the Crypto sector into a green garden of paradise... There is nothing to fear, 50x 100x profit is in the market where you expect, you will not cry during such declines either..#ETH #Binance
I Bought All the Projects I Wish I Had Even If They Dropped #arkm 🔥🔥🔥🔥 tia🔥🔥🔥🔥 #ETHFI🔥🔥🔥 #ach 🔥🔥 #MAGIC 🔥🔥 pendle🔥🔥🔥 . I think that the coins that will react the fastest to the Ascension with the $BTC regression period will be $TIA $PENDLE and arkm
There's only one thing I'm sure of in the#Bitcoinand cryptocurrency markets
That is, an Altcoin Rally like the one experienced between January 2021 and May 2021 HAS to happen in the future.
The wheel of the cryptocurrency markets is the arrival of new investors to the market. In order for this wheel to continue turning, it is essential to attract new investors to crypto.
The best tool to attract new investors to crypto is altcoins. During the peak days of the Bull Season, people don't come because Bitcoin rose 10x in 2 years from $15,500 to $150,000. I don't know what altcoin comes from making 100x in just 2 months. Since the people around him earn incredible money in a very short time, new investors come to this market, saying "everyone else earns, let me earn too."
Therefore, during the most enthusiastic days of the Bull, altcoins that make 50x - 100x are used as advertising tools, not investment tools. Altcoins are increased by 50x - 100x in order to attract new investors to the market and to create buyers for altcoins that are worthless under normal circumstances.
The easy part is to patiently wait for a loss during this decline in altcoins.
When altcoins rise 100% from this level and return to March 2024 prices, being able to wait in profit without fearing "I wonder if the same decline will repeat" and without losing faith in the Bull is the HARD part.
Let me say it up front; I think the ETF will be accepted. However, even if it is not accepted in the worst-case scenario, do not be afraid. There are many positive news flows ahead of the#Bitcoinand cryptocurrency markets. The rejection response negatively affects the short-term market, but the upward movement continues after the shock is over.
Remember; The SEC has been rejecting Bitcoin spot ETF applications since 2017. We have never experienced any bull rally with ETF news. If it is rejected, we will respond to the SEC with our letter on the back of the minibus; "I was not born with prayers so that I could die with curses" :) #Kriptocutrader #BitcoinDunyamiz
What happened when the Bitcoin futures ETF was approved 2 years ago (4 lessons to be learned)?
On October 15, 2021, the SEC approved the futures ETF.
When it started listing a week later, there was an inflow of nearly $1 billion on the first day (a record!). In the following 12 months total inflows only doubled.
So what does this experience teach us?
1️⃣ Fall As you can see in the chart, Bitcoin, which saw ATH after approval, experienced a very sharp decline.
2️⃣ Sell the news The reason for this may be a buy the expectation, sell the news situation.
3️⃣ Fed It should not be forgotten that in November (1 month later) the Fed announced that it would tapering. So the Fed said:
'We are slowly approaching the end of the abundant money era'
4️⃣ Fed x 2 On January 5, 2021, in the minutes, the Fed started with the balance sheet shrinkage for the first time.
Afterwards, BTC entered a long period of decline along with the entire market.
✅ CONCLUSION: Why is today important?
There are two things that will affect the price of the ETF:
🔴Decrease with selling the news 🟢Increase as Fed continues to soften
Please don't ask which of these will it be? The person who knew this for sure would have several billion dollars next week (for sure). 😊
However, let's not forget that I am in a different market cycle than the October 2021 period. So, even if bitcoin falls with the selling of the news, there is no risk of inflation and the Fed increasing interest rates in 2024.
➡️ So?
So, even if the ETF news sells, I do not expect it to cause a long-lasting decline due to the following reasons:
My only advice is to stay away from futures because there will be serious volatility (no one knows the direction).