₦airaland Forum

Ewizard:
A lot of people are going to listen to the highlighted above and fall in to this bear trap.

Firstly you must understand that we are in a Bull market.
Bull market progress:36.2% (based on standard Halving Cycles)

Psychologically, it is easier and safer to HODL and DCA into dips with fresh funds than to sell “Some capital” to buy lower in a Pre-Halving / Post Halving Retraces.

Why? If you sell your capital you will be under pressure to find the bottom to get back in or FOMO into any rebound in order not to miss out.

Get fresh funds, identify support areas and place your buy orders. Close your app and go about your business. No pressure!
(Unless you a broke ass mdfvka, then go get a job)

Remember, Paper hands panic sell on red days, and Fomo on green days. Whales Fomo on red days, and dump on paper hands on green days.

Secondly,

There are 4 Phases of The Bitcoin Halving

1. Pre-Halving Rally (Ended)

Usually 60-90days before halving.
48k - 73k

2. Final Pre-Halving Retrace

A Pre-Halving retrace tends to occur a 28 to 14 days before the Halving event itself

In 2016, this Pre-Halving retrace was -38% deep and lasted 3-4 days

In 2020, this Pre-Halving retrace was -20% deep and lasted 56 days (8 weeks)

This phase offer a bargain-buying opportunity in the Pre-Halving period and also form the Range Low of the future Re-Accumulation Range

3. Post Halving Retrace / Re-Accumulation

The beginning of the "Re-Accumulation" phase occurs once the Pre-Halving Retrace has bottomed

In other words, the bottom of the Pre-Halving Retrace historically becomes the bottom of the Re-Accumulation Range

It is possible that Bitcoin is slowly transitioning away from its Pre-Halving Retrace phase into its "Re-Accumulation" phase.

The goal now is for Bitcoin to move sideways going into the Halving and beyond.

The Re-Accumulation phase can last multiple weeks and even up to 150 days (i.e 5 months)

Many investors get shaken-out in this stage due to FUD, disbelief, boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving

Bitcoin will retrace deep enough to convince you that the Bull Market is over And then it will resume its uptrend.

However, in this cycle it is the very first time that this Re-Accumulation Range is developing around the New All Time High area. (Remember BTC break New ATH first time in history Pre-Halving. The ETF effects)

As a result, this Re-Accumulation Range may simply take the shape of a regular sideways range like we've seen throughout the cycle thus far and may not last very long before additional uptrend continuation

4. Parabolic Uptrend

Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend.

It is during this phase Bitcoin experiences accelerated growth into a parabolic uptrend

Historically, this phase has lasted just over a year (~385 days) however with a potential Accelerated Cycle occurring right now, this figure may get cut in half in this market cycle.

Finally, if you think Israel/Iran war caused the current market dip, you haven’t learnt Bitcoin enough.

Take home:

1. “Extreme Fear precedes financial opportunity.”[/b]

2. Baron Rothschild made fortune Fomo buying when people panic sold.
His quote;
[i]"Buy when there’s blood in the streets...
But the second part of his quote isn't recited as often
"...even if the blood is your own”

You often have go against yourself to be profitable.

LEARN BITCOIN!

iLegendd:
There are only 3 best times to buy a coin

1. When it's not listed on CEX yet and it's not more than 100 Million MC and sometimes, not even more than 5 million MC and it has passed all the rug pull test.

2. When it's in extreme oversold in bear market and you know it's a great coin with a reputable team or big name CEOs or company.

3. When bloodbath happens to every coin in a bull market and there are only 5 green coins, especially stable coins, that are in green in all the coins on Binance Hot, Gainers, and Newly Listed section.

Bonus:

The 4th time to buy is only for those doing day trading and are using TA and news to long or short — professionals only.

Apart from these 4 times, any other time is too risky, but it may be worth it in the end. Afterall, in Heaven or Hell, there is no crypto needed.

It's just money. It's meant to be spent. Not all your money will be spent wisely no matter how stingy, frugal, smart, intelligent or wise you are, so accept losses without feeling like a loser because without it, you'll never have an intriguing relatable story to tell others when you decide to write a book about success and not giving up.

TrennixGLOBAL:
Prior to threads such as these,

https://www.nairaland.com/8041662/cbn-sells-forex-bdcs-n1251

https://www.nairaland.com/8038990/cbn-policies-paying-off-exchange


The naira has appreciated up to some extent but during the past 2 weeks, i have received buy orders for USD of up to $1million and above including USDT by individuals.

This has kept me wondering what the reason for the buying of huge dollar funds is?

Then the thoughts of this present dollar crash been temporary keeps coming to mind.

Again, there was this thread below which made me knew something must be going on,,

https://www.nairaland.com/8040229/naira-gain-pressure-mounts-fx

Why mount pressure on dollar hoarders to sell?

You don't need to push or coerce someone to let go of something he is holding that it is worthless. Let him see what's happening and he will let go by himself knowing it is useless in the future without being told.
When you try to force the person to let it go at all cost, it gives an indication that it is still useful or you want it or you know the use for it so you want to fool him.


Then i see this thread and my suspicions are beginning to become true,

https://www.nairaland.com/8042891/start-buying-dollars-now-usd

Princeokwuego1:
how can a big guy like him take such a risk.. me wey no get money cant try such risk talk more of a celebrity

Freshtruth:
The boat driver was careless why risk your life on Nigerian film where we no dey watch