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DU18

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Quote from: LUCKMCFLY on July 20, 2021, 11:25:55 AM

The fund should not exceed $ 28k, I think that if there is a lot of possibility, if we take into account that the BTC will rise to a minimum its last ath at approximately $ 64k, currently the whales are buying in the dip, so they are seeing the very cheap price, maybe it is a good strategy to buy now, as shown here:

Quote

Bitcoin whales are seemingly still buying the BTC price dip as the cryptocurrency’s price drops below the $30,000 mark for the first time in one month, as on-chain data suggests they aren’t selling, but instead buying more.

Source: https://www.cryptoglobe.com/latest/2021/07/bitcoin-whales-keep-accumulating-even-as-btc-drops-below-30000-data-shows/

It only remains to say that those who can buy to do so, it is the best and smartest option that I see, in the short term there are unique opportunities to obtain cheap btc.

The only option now is that we wait for the bitcoin price to really go down, what's more now the $30K price wall has broken, and the possibility of bitcoin price going down will certainly get bigger in the market, I think bitcoin price will move to a lower price than $28K and the possibility of a crypto winter this year is the worst thing that could possibly happen like what happened in 2018 .

tygeade

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By the looks of it the price is not doing great, we are already under 30k and that is why I think there is a good chance that we can see it dropping down. I do not really think that we are going to get there easily, maybe we will try to break down once, fail and then it will try again which all of it may take over 2 weeks. However at the end of the day I think if we keep this up then we are going to get the result eventually and drop.

Normally as a person who holds bitcoin that should be making me feel bad because I will be losing money but dropping more and more is just a very good think for my future as well, all I have to do is I end up buying more and more and that way I am making more money in the future. I rather see bitcoin 10k now then 100k because I know it will be 100k one day anyway, that is guaranteed in my mind, maybe tomorrow or maybe in 3 years but it WILL happen. All I just need now is 10k so that I can buy more, then I can wait as much as I have to and make a huge profit later on.

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Quote from: rhodelmabanal on July 20, 2021, 06:00:42 AM

Well I am also the one who was waiting for the bitcoin to drop down below 30k$ I want to buy some more for holding in a long term because I know that bitcoin will reach 100k$ in the right time.

If so, then is this the right time for you to make a purchase, or are you still waiting for price below $25K or $20K?
For whatever reason you should buy, then always consider using the amount of money you can afford to lose. We never know what will happen in the future because until now we only have 2 direction, up or down. You may really hope that the price of bitcoin will rise to $100K in the next 2 years after you buy it today, but sometime that hope will not come true when the fact don't match your expectation. There is always a possibility, at least you have to prepare yourself to get one of them.

LUCKMCFLY

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The fund should not exceed $ 28k, I think that if there is a lot of possibility, if we take into account that the BTC will rise to a minimum its last ath at approximately $ 64k, currently the whales are buying in the dip, so they are seeing the very cheap price, maybe it is a good strategy to buy now, as shown here:

Quote

Bitcoin whales are seemingly still buying the BTC price dip as the cryptocurrency’s price drops below the $30,000 mark for the first time in one month, as on-chain data suggests they aren’t selling, but instead buying more.

Source: https://www.cryptoglobe.com/latest/2021/07/bitcoin-whales-keep-accumulating-even-as-btc-drops-below-30000-data-shows/

It only remains to say that those who can buy to do so, it is the best and smartest option that I see, in the short term there are unique opportunities to obtain cheap btc.

rhodelmabanal

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Quote from: erep on July 18, 2021, 01:23:38 AM

Quote from: barota on July 17, 2021, 01:44:24 PM

the big problem for investors is trying to finding the bottom everytime prices drop traders think the crash will not stop then he will lost the chance for buying cheap my advice is never try to find an exact bottom ,this the reality of investement , in the best case investors will buy between 30 and 50 percent of bottom , for sure there some investors but little of them that have chance of buying in under 10 percent of loss because the final charts for all prices with bottom will come in the longterm the risk of bottom is lossing the chance always for buying and investing in the cheap prices

Many investors wait when the price of btc drops below $30k but in fact the price support remains in the range of an average of $31k since the last 2 months, there is no right analysis pattern to buy it at the lowest price except realtime trading for long-term investment purposes. At least 20% of the lowest price is the ideal price to wait for the market recovery next year.

Well I am also the one who was waiting for the bitcoin to drop down below 30k$ I want to buy some more for holding in a long term because I know that bitcoin will reach 100k$ in the right time. Maybe not this year but I have a feeling that next 2 years bitcoin will reach a new ATH bigger than the ATH that we experience this year.

Timelord2067

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The price was so far above and beyond what a normal price range for crypto (especially Bitcoin) should be - this side of the next halving in a few year's time; that the price needed to halve (which it has done) then halve again.

Like what happened with Game Stop a few months ago - drive out the institutional investors manipulating the price.

erep

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Quote from: barota on July 17, 2021, 01:44:24 PM

the big problem for investors is trying to finding the bottom everytime prices drop traders think the crash will not stop then he will lost the chance for buying cheap my advice is never try to find an exact bottom ,this the reality of investement , in the best case investors will buy between 30 and 50 percent of bottom , for sure there some investors but little of them that have chance of buying in under 10 percent of loss because the final charts for all prices with bottom will come in the longterm the risk of bottom is lossing the chance always for buying and investing in the cheap prices

Many investors wait when the price of btc drops below $30k but in fact the price support remains in the range of an average of $31k since the last 2 months, there is no right analysis pattern to buy it at the lowest price except realtime trading for long-term investment purposes. At least 20% of the lowest price is the ideal price to wait for the market recovery next year.

barota

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the big problem for investors is trying to finding the bottom everytime prices drop traders think the crash will not stop then he will lost the chance for buying cheap my advice is never try to find an exact bottom ,this the reality of investement , in the best case investors will buy between 30 and 50 percent of bottom , for sure there some investors but little of them that have chance of buying in under 10 percent of loss because the final charts for all prices with bottom will come in the longterm the risk of bottom is lossing the chance always for buying and investing in the cheap prices

ILuckyGuyI

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It's a really hard question to answer. I have a hard time to predict the bottom price right now. I don't know maybe it could be $20k. I don't feel like it will go down below it from now on. Bitcoin is much stronger than ever now. It doesn't fall to its very old levels that easy. It's been literally clinging to a price over $30k for a long time (till the last drop to $28k).

STT

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Simple charts are good, the wider the consensus the stronger the move can be when it forms any trend. Overly complicated points might be correct in theory but unless its a iterative process that eventually envelops all players, some kind of decay to the protocol movements and trading everyday; its not that relevant it will just get ridden over the next time Musk tweets and I don't think he is important at all anyway.

We got a higher low on the chart thats bullish and we cross the 12 hr average, its possible we can turn positive until challenged into next week at higher points. About 32.k is 2 day average and theres a good trend and weekly average about 1k higher then that, those are the near term targets to beat. If we beat that trend I'd estimate a possible bottom price could be debatable from there on.

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Quote from: Timelord2067 on June 26, 2021, 05:22:02 PM

Quote from: nelson4lov on June 26, 2021, 05:07:03 PM

If big firms like that continue to buy and countries like El Salvador and Paraguay are pulling up big moves, I'm bullish long term ~ between Q3 to Q4, that's when market might pick up momentum again.

It's not a good look for the citizens of El Salvador and Paraguay to watch the price of Bitcoin going down hill in much the same way their own local currencies did in the decade before their conversion. As to the shop owners who rely on funds coming in to be able to pay rent and utilities ^{(not to mention replace their shelves with more produce etc.,)} if by the time they come to buy, the value of their bitcoin has slipped enough that it's say $1,000 less worth than when they received it, then the shop owners will hike up their prices, customers will buy less, or demand higher wages and inflation kicks in again.

Just like when they traded via Fiat.

Not if the current market situation doesn't last that long. El Salvador is still early and made the right call to pick Bitcoin but I believe their government is already aware of the risks involved and how it might affect their economy should the price not appreciate (like it is now) ~ thinking about it, I believe that when demands kicks in, we won't be talking about inflation in El Salvador and Paraguay (if they get theirs up and running in time).

Btw, I'm expecting market to pick up in the near future. Let's see.

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Quote from: nelson4lov on June 26, 2021, 05:07:03 PM

If big firms like that continue to buy and countries like El Salvador and Paraguay are pulling up big moves, I'm bullish long term ~ between Q3 to Q4, that's when market might pick up momentum again.

It's not a good look for the citizens of El Salvador and Paraguay to watch the price of Bitcoin going down hill in much the same way their own local currencies did in the decade before their conversion. As to the shop owners who rely on funds coming in to be able to pay rent and utilities ^{(not to mention replace their shelves with more produce etc.,)} if by the time they come to buy, the value of their bitcoin has slipped enough that it's say $1,000 less worth than when they received it, then the shop owners will hike up their prices, customers will buy less, or demand higher wages and inflation kicks in again.

Just like when they traded via Fiat.

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Quote from: ?? on ??

Yes, the market is very bad. Yesterday showed that it was necessary to prepare for a breakthrough of $30 000. The news from Salvador did not help, as did the news from Paraguay about the adoption of bitcoin. The trend is strictly bearish and may last until autumn, presumably until September. Yesterday evening I read the news that whales began to transfer large amounts of bitcoin to exchanges. The head of the CryptoQuant service wrote about this:

In view of the sharply increasing supply in the market, bitcoin is waiting for a dump. If the price often hits a certain level, then sooner or later it breaks it. The same, most likely, awaits support at $30 000

The faster we can hit the bottom (which nobody knows), the sooner market would get back on track towards the upward. Currently, overall market is macro bearish from Bitcoin down to altcoins. With the way the support between $28K - $31K has held up several times in the last few weeks goes to show that we still have buyers. IIRC, microstrategy added more Bitcoins to their BTC holdings. If big firms like that continue to buy and countries like El Salvador and Paraguay are pulling up big moves, I'm bullish long term ~ between Q3 to Q4, that's when market might pick up momentum again.

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Quote from: Symmetrick on June 22, 2021, 08:46:26 AM

Where do you think the bottom is and what will happen next for the bitcoin price?

I feel we're on a strong downward trajectory to between $10,000 and $12,500 tops by the end of the year. There's only so much huffing and puffing one twit on twitter can do to push the price up.

Now people are driving the price down to make him hurt. Big time.

Get ready to buy at years' end.

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Quote from: ?? on ??

Bitcoin continues to be in a bearish trend and the latest positive news, alas, is not yet able to break this trend.

The market is looking very bad and soon things meant turn for worst especially if that support at $29/$30k breaks. The bullish news aren't doing any good to the market as it seems the news aren't bullish enough. Not even El Salvador accepting bitcoin as an official currency could turn things around and the world Bank rejecting El Salvador Bitcoin made things worst. It seems for every bullish Bitcoin news there's a counter bearish news to kill the hopes.

Short term, Bitcoin is bearish and I think the button isn't where the market is currently at, we'll likely see further drop and the support of $25k would have to be tested probably more than ones, hope that price holds because it will determine the fate of the market. I don't see anything bullish coming to turn the market around at the moment.

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Quote from: Inspiron14 on June 25, 2021, 10:45:26 AM

yesterday's bitcoin price touched the bottom price at $28k after the strong support $30k breakdown,
and now the price bounced from $28k, but I don't know I really have to be careful if $30k breaks down again,
because it might go to $25k, put the stop lose and dont greedy, i dont know the bottom next, $25k? or we go down again.

It might go 25k$ but it will never stay at that market price, probably just a few minutes because I think that was just too low for the value of bitcoin, And a lot of investors will immediately buy back bitcoin if the price too that low, even below 30k$ the bitcoin market already has a big resistance at that price.

I think this is just a normal pullback since we are just so bullish in cryptocurrency this past month, the dump was actually great since we could accumulate a lot more bitcoin or other cryptocurrencies, I mean buy it at a very low price.

When the market back up again the price would be x10 and the marketcap will be x3 of whats the ATH of bitcoin, so this is a big opportunity for investors who believed in bitcoin and crypto.

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Quote from: Symmetrick on June 22, 2021, 08:46:26 AM

Bitcoin today passed its strong support level around $30 800 and is already trading at $29 000. An interesting drop is observed. In my opinion, it copies the movement of 2017-2018, see for yourself:

Hyip 2017:

And this is the hype of 2021:

There is a possibility that upon reaching a certain point of the bottom, we will go into a long flat. If we look at the 1d chart now, we see a downtrend that began in early May:

Where do you think the bottom is and what will happen next for the bitcoin price?

It seems to be that we're still in the midst of a pullback and people are increasingly hesitant to put money into Bitcoin. The phrase "don't try to catch a falling knife" is unfortunately symbolic of the situation we are in right now, if Bitcoin was able to lose half of it's value and has almost wiped out any gains if you bought in this year, it feels like there are a lot of people who are sitting on the verge of cashing out to make sure they don't lose all their money. The price seems to be diverging on a steady trend downwards, punctuated by ever smaller peaks and that would be a bad sign for the big players who will seriously be considering exiting unless they can play the short term games. Once we breach back into the $20k field it feels like it could fall off a cliff, just like it went up like a rocket.

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Quote from: Inspiron14 on June 25, 2021, 10:45:26 AM

yesterday's bitcoin price touched the bottom price at $28k after the strong support $30k breakdown,
and now the price bounced from $28k, but I don't know I really have to be careful if $30k breaks down again,
because it might go to $25k, put the stop lose and dont greedy, i dont know the bottom next, $25k? or we go down again.

Oh wow! It really did hit 28k, I was probably asleep back when that happened and didn't see it, I have always seen it above 30k at all times! Thank god I wasn't awake, I may have ended up selling when I see a flash crash like that, I usually hold as long as possible, years if I can, but I hate flash crashes with a burning fire. 30k seems like the place to be right now, that bottom is barely ever broken and the only time it did get broken and dropped low, it happened to actually bounce back up so quickly that I didn't even see it happening.

I do not know what to think about the market but we have seen it go above 40k as well 41k was broken literally this month and we still failed to go higher, so that means 30 to 40 is still the range and I do not think that it is going to change anytime soon, even if we go below 30 or above 40 it is going to go back between them.

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yesterday's bitcoin price touched the bottom price at $28k after the strong support $30k breakdown,
and now the price bounced from $28k, but I don't know I really have to be careful if $30k breaks down again,
because it might go to $25k, put the stop lose and dont greedy, i dont know the bottom next, $25k? or we go down again.

Erdogan

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The current chart also reminds me of the situation from the beginning of 2018.
However, in 2018, the mainstream was much more negative about cryptocurrencies.
So many positive things have happened for cryptocurrencies this year that in my opinion this is just a deep correction and soon the Bitcoin price will be attacking the new ATH.

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