Market Predictions & Sentiments| Why You Should Make/Hold Them.

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The Crypto market is fun, these days, and I feel that it's because we have more FOMO than FUD these days. I can't legitimately point to what will eventually drive the bull market, but one thing I know is that when the sentiment is low, nothing will drive the market. Market sentiment is good for adoptability, irrespective of the fact that we believe that we always need a bleeding edge crypto sophistication to spearhead the bull market, if the sentiment is not there to buy, nothing will propel the market.

It's textbook.

People need to feel an incredible emotion that they might miss out on the billions, hence propelling the market, on the other hand, panic and fear need to occur with a corresponding drop in price for people to begin to dump, it's textbook crypto. It's always beautiful when it's the former and always scary when it's the latter. They said NFT was a major hit in propelling the market and institutions such as Blackrock would time, but I don't really think so.

I respectfully feel that individual interest and knowledge of crypto over time will propel it. (for now it isn't enough) When 65 to 80% of the world's population knows and owns any percentage of crypto, I don't see any world government, halting progression from there.

However, we're currently in a good spot at the moment, BTC is no longer doing one step forward and three steps backward, this itself it's a sign of being in a typical "bear situation". Which can be very infuriating. A lot of people lost belief in the market, especially early this year.
They just didn't trust whatever upward push the market might do and I didn't blame them. The market disappointed a lot of people back in January and it felt like it was the end.

For people who sold their bags early, seeing the market recover well is always a nightmare, it's a testament to the fact that they couldn't hold when it mattered the most. My point is that crypto is currently doing well because we're approaching a positive year and the sentiment is right. Whether Blackrock's ETF or April's halving, people already know that they'll eventually miss out if they can't fill up their bags at the moment.

without the right sentiment, it's hard.

I know that this being driven by sentiment isn't tangible enough, but sometimes I compare it to starting, knowing the future might be somehow profitable. As for price predictions. They can be fun because they're just fun nowadays. Everybody gets to say what they want, we no longer hear depressing figures like "BTC will do 5k" or "Hive will touch 8 cents".

I mean, people are already beginning to mention outrageous figures, like 200k, while I don't necessarily key into these figures, I think it's a healthy thing for the market, we rather be bloated by expectations than seeing depressing figures.

However, no one should be in over their heads, I still feel we need the ETS especially because sentiments alone cannot propel us past the previous ATH, we can only go so far. However, it's fun to keep playing the prediction game. Some people are already saying "Ohhh if BTC hits 80k then I can do this, or do that" People are already beginning to tie their plans to price, and this might make them prepare well enough.

It's a healthy sign that the market is ready to move, provided we get past some barriers, especially that which is caused by the SEC



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7 comments

I remember this time last year the fear and greed index had people almost shitting their pants. That was when forecasters said we’ll see those outrageously low BTC prices and the “BTC to zero” people took the stage. But most of us remain indifferent because we just understood how the market works.

BTC has done at least 2x the price we started the year with and that was a slow transition from the bear market. This coming year, we should see at least another 2x, which in itself, already surpasses the previous ATH. I’m excited!

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38k currently times 2 that's about 74k if I'm not mistaken and that would have been more than the previous ATH, some are even predicting 100k the end of 2024, however, I feel that the price might truly go up but 100k is a lot. You're right, by this time last year, a lot of people were just too scared. It goes on to show that sometimes the market recovers even more than we expect it to.

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Yes current price is currently just a 2x away from the previous ATH.

Man I'd love to see a 100k BTC, not because of BTC itself, but for what that would mean for Hive. What excites me is knowing that a 100k BTC is inevitable, but simply a matter of time.

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Anybody that wants to grab crypto market opportunities must be ready to carry out a tedious research or get an experienced mentor.
FOMO and rumours can forced one to dive into wrong path.

Understanding every key info and utilising them is golden

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True indeed

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Lol
I actually love the fact that people are anticipating high and I even saw something that a very influential person predicted BTC to be up to $200k in 2024

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I agree it's a healthy sign, but I've been in the game long enough to know that you have to plan in a realistic fashion. If BTC goes to 200K I won't be complaining, but I don't see it happening anytime soon. Then again I could be wrong and I would be OK with that one! I see crypto as a marathon, not the the 50 meter dash.

Great post!
!DHEDGE

0E-8 BEE

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0E-8 BEE

Today there are many good and many bad news going on in the market and there is one thing that is going on about where Bitcoin will go in the bull market, so I have to say here that if you have made an investment and If you are getting a good profit then you should take it and get out because the market goes up and down a lot and you never know when a person will lose.

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It's a healthy sign but I think things can move fast once things start. It's kind of hard to really know what to do though. BTC/crypto can move fast but I still think we will go sideways until that ETF is approved.

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