Well, it looks like a rather bad start for the crypto markets as seen by the recent dip in prices of most cryptocurrencies. So will this December buck the trend for cryptocurrencies? Traditionally, it seems that December will usually be a good time for cryptocurrencies. I was also expecting December to have a decent rally, hence I was pumping some money into a few select crypto assets just a few days ago. But alas, looks like it is not going my way. Of course it is very early in the month and we still have like 26 more days to go before 2022. Crypto markets are extremely volatile and we could indeed see a rally in the coming weeks. It can be very hard to tell sometimes.
So do you guys expect to see a rally in the Crypto markets soon? If so, how big a rally will it be? Are there just too many black swan announcements to dampen the market sentiments? I just don’t know. This time round, it does look rather uncertain. Even the recent market analysis by Coin Bureau shows conflicting results, even if they feel that we are still in a bull market right now. The market was all red yesterday. Even the market favourite LUNA had dipped quite a lot yesterday. Yes I know that there is no such thing as certainty in the crypto sphere but this time round, it does feel a bit different. Perhaps this year will be the year that the markets didn’t really rally that much. Note that I am not saying that the market will dip significantly for December, but I have a feeling it will not rally. More than likely, we will see a mix of bull and bear resulting in the market trading sideways. And the traditional stock markets seems to be dampen as well. So it does look like investors do not have that much confidence overall. And it will spill over to the crypto markets.
Anyway enough of the bad news. If things are trading sideways, it might be a good idea to look for alternatives. One of the alternatives could be using trading bots which leverages on arbitrage. Basically these bots will divide the funds and buy and sell at different levels. For me, I usually split my funds into different trading bots funding different crypto assets. So in theory such trading bots will make you a little money for each trade. But of course in reality, it is just not that simple. So please be careful. My own trading bots (set to whatever default settings the bot gives) is still making me losses at times.
Thank you for reading my post. I need to tell you that I am not a financial advisor. Please do your own research when it comes to investing your hard earned money.