Bitcoin po $120 000 – czy już czas na realizację zysków?

Summary

In this video, the speaker discusses the current state of the cryptocurrency market, focusing on the nearing end of the bull market. They advise caution regarding altcoins, suggesting that the upcoming bear market could lead to significant losses for those holding altcoins like Atom and Polkadot. The speaker encourages viewers to consider exiting their altcoin positions and shifting to Bitcoin or fiat currencies, given the market’s potential downturn. They also share insights about the team’s exit strategy and their use of Binance for trading, advising viewers to stay updated on market trends and avoid buying altcoins at this stage.

Takeaways

• 😀 The altcoin season indicator recently surpassed the 20% mark, signaling a potential rise in altcoins.
• 😀 While altcoin season is approaching, it is advised to sell altcoins rather than buy them to avoid losses during the end of the bull market.
• 😀 Holding altcoins in a bear market is risky and can lead to significant losses.
• 😀 Atom (ATOM) has fallen 92% from its 2021 peak, and it's unlikely to recover to its previous high due to the devaluation of both cryptocurrency and fiat currency.
• 😀 Polka Dot, another major cryptocurrency, also saw a 92% drop from its 2021 peak, showing the challenges facing altcoins in the current market environment.
• 😀 The Independent Trader team has exited 50% of their positions in the market, indicating caution about the current market dynamics.
• 😀 Binance is recommended for trading due to its low commission fees, which accumulate over time to save money for traders.
• 😀 Trader 21 is skeptical about the continuation of the Bitcoin bull market, depending on the level of market euphoria.
• 😀 If the market remains euphoric for an extended period, Trader 21 plans to sell all remaining cryptocurrencies.
• 😀 In case the market enters a phase of stagnation, the team might consider keeping a portion of the portfolio in Bitcoin, potentially buying after significant declines.
• 😀 The video encourages engagement by asking viewers if they are selling or buying cryptocurrencies in anticipation of further market growth.

Q & A

What is the significance of the indicator crossing the 20% mark?

The indicator crossing the 20% mark suggests that an altcoin season may be approaching, indicating a potential rise in the value of altcoins. However, the speaker advises against buying altcoins at this stage and suggests using the altcoin season to sell them.

Why does the speaker recommend selling altcoins during the altcoin season?

The speaker advises selling altcoins because the end of the bull market is approaching. They believe that altcoins might rise in the short term but that holding them in the long run, especially during a bear market, could lead to significant losses.

What is the key concern about holding altcoins in a bear market?

The main concern is that holding altcoins during a bear market equates to potential losses. Altcoins are likely to experience significant declines, making them a risky investment when the market turns bearish.

How did Atom's price performance change from the 2021 bull market to now?

In the 2021 bull market, Atom reached a peak of $46. However, after 138 weeks of Bitcoin's growth, Atom's price has dropped to around $5, representing a 92% decline from its peak. The speaker suggests that it may never return to its previous high.

Why does the speaker believe Atom will not return to its 2021 peak?

The speaker believes Atom will not return to its 2021 peak due to the persistent inflation devaluing the dollar and the overall market conditions. They suggest that even if the dollar valuation increases, Atom will likely never regain its former value in Bitcoin terms.

What other cryptocurrency is used as an example in the script, and what happened to its value?

Polka Dot is another cryptocurrency discussed in the script. Like Atom, Polka Dot is down by about 92% from its 2021 peak, and the speaker suggests it may never return to the high levels seen during the last bull market.

What is the Independent Trader team's current position in the cryptocurrency market?

The Independent Trader team has already exited the cryptocurrency market by about 50%, reducing their exposure. They plan to sell more as the market evolves, possibly holding onto some Bitcoin if the market stagnates rather than experiencing further growth.

What is Binance's role in the script, and what benefit does it offer?

Binance is highlighted as the exchange preferred by the Independent Trader team due to its low commissions. By registering through the provided link, users can receive a 20% discount on their commissions, which accumulates over time.

What is the speaker's outlook on the future of the cryptocurrency market?

The speaker believes the cryptocurrency boom is nearing its end. They foresee the market possibly entering a period of stagnation rather than further euphoric growth, suggesting that the peak of the current bull market is behind us.

What action does the speaker suggest if the market becomes euphoric?

If the market enters a phase of euphoria, the speaker plans to sell all of their cryptocurrencies. However, if the market stagnates instead, they may hold onto some Bitcoin, potentially buying more after significant declines.