This is true that we can't predict the crypto market completely. We can surely do analysis but no analysis goes 100% and that is what makes this market great. Most of the experts and influencers were seen to be negative until 30th September but now with the first day of October things have turned the other way around. After the china news bitcoin price was dipped and reached much closer to the 40k market but this has passed so fast and now things are looking green and great too. It also proves that China has lost the charm in the market and its like a learning lesson for them. Its difficult to say if they will still reconsider their decision but seems its good for the crypto market as one bad apple has backed out from the crypto space.
Usually, the Last quarter of the year is good for crypto, and based on history this has happened many times. There was a few negative news in September month but China one is the biggest news that resulted in a bigger dip in prices however it did go the way it was expected. Market behaved with maturity and despite this news, not much selling happened and we can see the prices going up again. Bitcoin price has grown over 10% in the last 24 hours and many alt coins have shown significant move.
I did some by when there was a good price dip and hope that many of you should have done. If you did then you are certainly in profit and its your call now to sell or hold but I am going to hold it all. Buying dip is not that I am going to sell all once its up by 15-20% rather holding can be a better option but it depends upon everyone's holding power.
Its expected that bitcoin will break its ATH by end of December month and if it happens (which is likely to happen) then this holding can be so much profitable for sure. Again this is not financial advice so take the decisions as per your research. Self-study is very important in crypto investment and there is a lot of content that you can refer to decide if you really want to invest.
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Bitcoin is the mother currency and the majority of investment happens in this but keeping a portion is altcoins is also a good idea. Diversified investment is the best practice this helps us to minimize the risk and maximize the profit. Those who trade regularly know that what they need to follow for safe trading but if you are not an expert trader then I think the dollar cost average is the best and its leas risky since we buy with a fixed interval without checking the market price. I do this and the one I follow is automatic so I just need to ensure that I have enough USDT in my wallet and the rest happens automatically.
So what do you think of the upcoming weeks and next 3 months in crypto? is it going to be a blockbuster like we have seen last year or do you expect something else? In my opinion, the market will stay positive in October and November but Dec can be a game changer if there are no negative news however anything can happen in crypto so always stays ready for a surprise in the crypto space.
Thank you so much
Stay Safe