8 months low, no better time than now. - page 5.

Kemarit

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Quote from: Baimovic on June 17, 2022, 05:19:52 PM

Currently entering the 7th month of ATH happening in Bitcoin prices continue to run below, with the high market cap that occurs in Crypto creating a lot of panic in various sectors which has an impact on Crypto price developments, then will crypto movements this year continue to experience a bearish market? Isn't now the best time to buy BTC at the current price? Because I have a good feeling if we are optimistic the price will bounce back.

Well if you think that we are in the bottom or near bottom then buy it the current price. Personally, I think the price could still go down, however, you wouldn't lose a sleep for buying at today's price of $20,400.

I don't think this is an issue to Bitcoin, we have heard this before and not that it will cause the death of BTC. We are in the bear market and it's bound for the price to plummet.

Baimovic

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Currently entering the 7th month of ATH happening in Bitcoin prices continue to run below, with the high market cap that occurs in Crypto creating a lot of panic in various sectors which has an impact on Crypto price developments, then will crypto movements this year continue to experience a bearish market? Isn't now the best time to buy BTC at the current price? Because I have a good feeling if we are optimistic the price will bounce back.

molsewid

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Quote from: sunsilk on June 17, 2022, 03:54:29 PM

Quote from: ShowOff on June 17, 2022, 03:05:51 AM

Lucky are the ones that still sees the potential during this time, it's not too late for them to buy and with the market's bargain, they can have their own time picking the best out of it.

Like the others are telling, they can wait even more before the price goes down for some more because all of them believes that this isn't the bottom yet and there's more that will make the price even lower.

Well that's life, when others are still down and selling their assets, some people are happy and buying all those assets. I can't call them lucky, because in the first place maybe they waited this thing for a long time. It's been more than a year already, I can't wait to see bull market again, I've been holding this tokens/coins for a long time, I am a type of person that will not sell nor buy during this season.

stompix

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Blackjack.fun

Guess you shouldn't have rushed things a month ago, right?

Reason why I put all my money in Bitcoin as a newbie May 17 2022

Quote from: Dave1 on June 17, 2022, 02:57:34 AM

And as others have said, not sure where you get that 8 month low, maybe from the last all time high of $69k to the current price?

Yeah, we're exactly 8 months from the last ATH and the lowest in 8 months, I don't know why everyone is focusing on that, just because this is also a 10 or 13 or 14 months low it doesn't invalidate the 8 months range.

Quote from: FatFork on June 17, 2022, 04:31:02 PM

Some experts say

I'm getting sometimes the feeling that there are more bitcoins experts in this world than the entire world population.
Bst advice would be to close any article, Twitter, Yt video when you see somebody labeling himself as an expert giving advice.

FatFork

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Quote from: ShowOff on June 17, 2022, 03:05:51 AM

One of the most important things is that bitcoin is a very volatile asset, there is risk and there is also potential, but because this market is free then anything can happen as long as they consider it the best way to make a profit.

Some experts say that there is a silver lining to Bitcoin's volatility. While it can be scary and frustrating, it forces us to keep an even-keeled approach. That, at the end of the day, can be beneficial. Especially if you are looking to build a portfolio for long-term growth.

Finestream

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Quote from: Ojima-ojo on June 16, 2022, 03:06:05 PM

So much have been in the fore play in Bitcoin and to that a lot of issues have forced Bitcoin to behave in the current behavior, from sec calling Bitcoin an anti-environment and eco friendly even though we know all this are campaign of fallacy championed by anti Bitcoin crusader.

That is only based on bitcoin haters since they have nothing good thing to say about bitcoin. Even if bitcoin was at its peak, they still created black propagandas for bitcoin so its either we ignore them, or believed in them and lose instantly. I guess they don't realized that this is what we have waited for long to happen, to see bitcoin in a very cheap price so we can buy a lot of bitcoin for our portfolio and see us profiting in the end, while them leaving in envy.

Doan9269

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Quote from: Ojima-ojo on June 16, 2022, 03:06:05 PM

So much have been in the fore play in Bitcoin and to that a lot of issues have forced Bitcoin to behave in the current behavior, from sec calling Bitcoin an anti-environment and eco friendly even though we know all this are campaign of fallacy championed by anti Bitcoin crusader.

There's no how bitcoin can survive it through without suffering many critics from people around the world, it was once a environmental challenge but now that of the dip in it orice which many still fail to see how needless that has been, when a system is built to run decentralized and volatile but yet they will abuse it when its on a pace going dip, while others were busy around with useless insinuation s there come others who don't see it role for any thing good worth investing on.

sunsilk

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Quote from: ShowOff on June 17, 2022, 03:05:51 AM

Quote from: sunsilk on June 16, 2022, 05:43:55 PM

Well, it's likely that bitcoin has ran over with the businesses of the people from the authorities so they make an issue. But there's this thing that I've read that it's not really an issue about eco and energy.

They're just making a noise out of it to spread FUD and make its investors worried and scared so they'll eventually sell. And when that plan has exactly executed, here they comes and will buy all of those cheap bitcoins that has been sold.

This is a cycle and it seems that they've been waiting for this but are they really gonna buy on this one? or will keep on telling that black propaganda against bitcoin even it's like they're telling empty words.

One of the most important things is that bitcoin is a very volatile asset, there is risk and there is also potential, but because this market is free then anything can happen as long as they consider it the best way to make a profit.

The Fed's aggressive rate hikes have an impact on bitcoin and all other investment assets. This is a situation that may not be favorable for previous investors but will certainly be very profitable for those who arrive late because the opportunity to buy at a discount just appears. But traders' concerns and the panic they experienced had sent prices lower as support was unable to withstand the heavy selling pressure. I'm sure sooner or later the price will form a new pattern, this will be good in the future.

Lucky are the ones that still sees the potential during this time, it's not too late for them to buy and with the market's bargain, they can have their own time picking the best out of it.

Like the others are telling, they can wait even more before the price goes down for some more because all of them believes that this isn't the bottom yet and there's more that will make the price even lower.

RealMalatesta

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Quote from: ShowOff on June 17, 2022, 03:05:51 AM

One of the most important things is that bitcoin is a very volatile asset, there is risk and there is also potential, but because this market is free then anything can happen as long as they consider it the best way to make a profit.

The Fed's aggressive rate hikes have an impact on bitcoin and all other investment assets. This is a situation that may not be favorable for previous investors but will certainly be very profitable for those who arrive late because the opportunity to buy at a discount just appears. But traders' concerns and the panic they experienced had sent prices lower as support was unable to withstand the heavy selling pressure. I'm sure sooner or later the price will form a new pattern, this will be good in the future.

The aggressive interest rate hikes are because of inflation. We have been in an inflation for a while now, due to pandemic free money printing period. Not that this is a better option, but at least it is more controllable situation. With the interests so high, people would take their money out of the markets, and into the interests, which will leave a lot less money available for the world to use. In this regard, everything will stagger, the growth will stop and inflation will go down.

Of course, it will bring poverty with it as well, people who are wealthy got the money and put it on interest, people who are poor, will be living in fear of not knowing when the next money will come, but it will get better hopefully.

ShowOff

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Quote from: sunsilk on June 16, 2022, 05:43:55 PM

Well, it's likely that bitcoin has ran over with the businesses of the people from the authorities so they make an issue. But there's this thing that I've read that it's not really an issue about eco and energy.

They're just making a noise out of it to spread FUD and make its investors worried and scared so they'll eventually sell. And when that plan has exactly executed, here they comes and will buy all of those cheap bitcoins that has been sold.

This is a cycle and it seems that they've been waiting for this but are they really gonna buy on this one? or will keep on telling that black propaganda against bitcoin even it's like they're telling empty words.

One of the most important things is that bitcoin is a very volatile asset, there is risk and there is also potential, but because this market is free then anything can happen as long as they consider it the best way to make a profit.

The Fed's aggressive rate hikes have an impact on bitcoin and all other investment assets. This is a situation that may not be favorable for previous investors but will certainly be very profitable for those who arrive late because the opportunity to buy at a discount just appears. But traders' concerns and the panic they experienced had sent prices lower as support was unable to withstand the heavy selling pressure. I'm sure sooner or later the price will form a new pattern, this will be good in the future.

Don Pedro Dinero

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The first decentralized crypto betting platform

In general, times like these are good times to buy. If we look at the bottom of March 2020 we see that those who bought at that time, it was very profitable, and those who sold, did so at the bottom. The problem is that when it goes down a lot, you can't be sure that it won't go down any further. The fact that the price has not fallen from the previous cycle's peak (at least significantly and for some time) is not a universal law that cannot be broken.

The best thing to do is to make several staggered purchases at the level you consider cheap.

Dave1

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Quote from: Ojima-ojo on June 16, 2022, 03:06:05 PM

So much have been in the fore play in Bitcoin and to that a lot of issues have forced Bitcoin to behave in the current behavior, from sec calling Bitcoin an anti-environment and eco friendly even though we know all this are campaign of fallacy championed by anti Bitcoin crusader.

But we have heard the same rhetorics over and over again, so this is not something new that really cause the price to go down recently.

And as others have said, not sure where you get that 8 month low, maybe from the last all time high of $69k to the current price?

Again, this argument will continue to go in the next 10 years and I doubt that the anti-bitcoiner will stop. They will just rub it in when we are in a bear market to cause more havoc in the ecosystem.

sunsilk

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Well, it's likely that bitcoin has ran over with the businesses of the people from the authorities so they make an issue. But there's this thing that I've read that it's not really an issue about eco and energy.

They're just making a noise out of it to spread FUD and make its investors worried and scared so they'll eventually sell. And when that plan has exactly executed, here they comes and will buy all of those cheap bitcoins that has been sold.

This is a cycle and it seems that they've been waiting for this but are they really gonna buy on this one? or will keep on telling that black propaganda against bitcoin even it's like they're telling empty words.

Yogee

sr. member

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"No better time than now" sounds like a FOMO statement. You can buy now but don't go all in. You will have a lot of time to slowly build your portfolio until the next halving.

Quote from: coolcoinz on June 16, 2022, 03:32:12 PM

....He always waits to buy at lows because he wants to see a reversal. When it reverses he never buys because he waits until it's confirmed, not a fakeout. Then he finally buys at the end of a bull market because it's finally confirmed to him and holds because he wants big profit - at least 100%. Then it corrects and he holds as long as he's in profit because in his mind it can bounce back at any minute. Finally he sells it all at a loss and goes into this state of depression where he doesn't talk to me for months. He suddenly appears when we're well in the next bull market to ask if he should buy because bitcoin is starting to look good again, and so it goes for the last 8 years, or so. Believe it or not, he first bought bitcoin in 2015 and after all these years made not more than 10%.

There's something wrong with your friend. Is he familiar with trading? I think even a newbie trader would spot a consolidation phase which usually takes a long time before we enter a bull market.

coolcoinz

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10 month low was in May when we fell below the lows of July 2021 Roll Eyes

This is the problem of bear markets and bull markets. In bull people buy at the top thinking that since it was going up for the last X months there's no stopping it now. In bear people do the opposite, thinking that if it kept falling for X months it will continue forever.
That's why most people never make money and I personally know a guy with that exact mentality.
He always waits to buy at lows because he wants to see a reversal. When it reverses he never buys because he waits until it's confirmed, not a fakeout. Then he finally buys at the end of a bull market because it's finally confirmed to him and holds because he wants big profit - at least 100%. Then it corrects and he holds as long as he's in profit because in his mind it can bounce back at any minute. Finally he sells it all at a loss and goes into this state of depression where he doesn't talk to me for months. He suddenly appears when we're well in the next bull market to ask if he should buy because bitcoin is starting to look good again, and so it goes for the last 8 years, or so. Believe it or not, he first bought bitcoin in 2015 and after all these years made not more than 10%.

Tellek Garing

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The present market conditions have nothing to.do.with what you mentioned as the low is a result of several factors and manipulations by whales just to fill more bags, the weak hands are busy selling while the whales are accumulating more Bitcoin.

Leave the sec out of this because all the sec can do is to strengthen the dollar against Bitcoin and not a total crash such that we have witnessed lately with the Bitcoin market.

teosanru

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Quote from: Ojima-ojo on June 16, 2022, 03:06:05 PM

So much have been in the fore play in Bitcoin and to that a lot of issues have forced Bitcoin to behave in the current behavior, from sec calling Bitcoin an anti-environment and eco friendly even though we know all this are campaign of fallacy championed by anti Bitcoin crusader.

8 months low? I thought this was 18 months low right? We have never seen bitcoin going less than 30k since last December as far as i can probably remember. I am sure it is not because of this anti environment fallacy and definitely not because of fed doing some random things with dollar because if that would have been the reason I am sure bitcoin would have pumped instead of going down. It's just mere market manipulations that are going on and won't stop until there is some good bullish consolidation.

Ojima-ojo

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So much have been in the fore play in Bitcoin and to that a lot of issues have forced Bitcoin to behave in the current behavior, from sec calling Bitcoin an anti-environment and eco friendly even though we know all this are campaign of fallacy championed by anti Bitcoin crusader.

Topic: 8 months low, no better time than now. - page 5. (Read 973 times)