A Little Surprised! - page 6. | Bitcointalksearch.org

stepwilli

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Quote from: someone703 on April 09, 2022, 08:32:44 AM

Quote from: Fundamentals Of on April 08, 2022, 09:34:13 PM

These and many more good news, and yet the price is falling to $42,000?

Buying more when the price is low and waiting for it to rise again, I always feel people are being rushed and impatient. Control your psychology with the market. Although each person will have their own way of managing their wealth, I see many people are still stuck because of losses in the market, and those who are profitable are still feeling overwhelmed. I feel happy no matter how the market turns out, satisfied with what I have.

That is a good advice that they should follow now that btc is back at 42k again. it's like btc is giving someone a chance to buy before it takes off in to a whole no other level. In cryptos, one must be patient because it can sometimes take a long time before the price starts flying high but we can't avoid that there's always people that enter here for the sake of easy money and they are the ones that complains often, I am not saying that it was the OP.

Some people gets stuck because of their own greediness. They have been given a chance to sell before but they didn't because they are waiting for more. I think those people also the ones that complain and want the price to recover again as soon as possible.

pooya87

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I have been surprised by a lot for some time now. Apart from all the positive news that we have been seeing in the past couple of months (not just recently) we have the inflation that has hit most of the western countries. And I strongly believe that during inflation a lot of people would start investing their cash into different things to keep their purchase power as the value of their cash keeps declining. The high bitcoin trading volume despite the lack of price movement is a good indication of it too.

And yet price isn't going up which is very surprising.

My guess is that the situation is a combination of lack of confidence among day traders (not the investors) that makes them either sell more or stay away watching the market waiting for a positive signal and the market manipulation which can be seen in the number of shorts that jumps up from time to time as soon as price tries to go up.

someone703

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Quote from: GreatArkansas on April 09, 2022, 08:54:56 AM

Quote from: someone703 on April 09, 2022, 08:32:44 AM

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Price falling around $42,000 for me is normal, I believe the strong support for Bitcoin from a short-term perspective is the $40,000. It also becomes psychological support and the $50,000 level now is strong resistance.
I am very bullish for the short-term to mid-term for Bitcoin right, with these minor drops in Bitcoin, I believe it is just a temporary and a healthy correction.

I totally agree with the short and medium term. In such a range, we both have to figure out the profit and the risk. However, many people who can't control their own behavior in front of the camera are taking things too seriously in this space. Perhaps over time, the lessons they learn will help them get used to the new things in this more.

Farma

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as far as i've ever felt, usually when so many good things are happening, and prices haven't gone up, that means we just need time for it. chances are the price will explode and go higher in a short time when it does.
however, a few other things is, not all the good news that will lead us to a bull market. because, we don't really know what happened, and only read about it in some news. to be honest, i also expect to see a price of $50k in the near future, because a few days ago, the price of bitcoin was very close to that price. however, in the end the speculation faded when the bitcoin price dropped to its current price. well, right now I just hope the price of bitcoin can return to the price of $ 45k - $ 48k again.

Vaskiy

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In the past bitcoin served as an independent market. Now scenario have changed and it has dependence over the world market. Right now more incidents were happening around the globe relative to the war and the covid-19. Often we get to know about new variants of covid-19 which is also a cause. We've got more positive news associated with bitcoin, on the other side there is war, rise of oil, political sanctions and more.

Apart from these dependence what we see with the price move of bitcoin is quite normal. As we're with some expectations of price reaching $50k and it wasn't able to make it even when the bitcoin conference with more positive news is the reason for the surprise.

Chato1977

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Quote from: buwaytress on April 09, 2022, 07:06:48 AM

Quote from: Chato1977 on April 09, 2022, 03:00:36 AM

Lucky that i made some selling couple days ago , actually before falling to 46k , as i badly needed funds for my Mothers Eye operation , so with this I am happy seeing it fall badly since yesterday.

But like OP and You , I am a bit surprise because i am having a second thought if will sell some bitcoin or will withdraw my funds in bank, so good decision on my part for this one.

Man, if I needed money for an emergency like that, I'm not even looking at the price or timing it, I'm choosing the fastest way to liquidate (which, thankfully for me, is still Localbitcoins, it gets me cash in less than a minute using a Trader "exchange bot").

No point stacking if you can't use it to improve the lives of those dear to you, no?

Yeah it is Very dear to me mate, though what had happened is for emergency and Coincidence mate because It was just a regular check up that comes badly with the result so i need the funds timely so Yeah i am not looking for timing its just happened that it comes when the time i badly needed .

But thanks for the concern man, I can feel that you are also a Full of Heart person with this attitude you've shown.

batang_bitcoin

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It's possible that the effect may not yet be seen. Well, $42k isn't bad if the effect has been there already with all of those good news that we've got.
The market has never changed and it's always been a speculative market after all. It could reflect to the good news or no effect just as what we're seeing right now for which isn't really surprising at all.

AmoreJaz

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Quote from: STT on April 09, 2022, 05:56:24 PM

Perfectly normal natural behavior and entirely infuriating for sure. Price never moves in a straight line is pretty much a rule I take as true almost any time, the exceptions are large bullish moves but even within that profit taking will occur. We had a rise, some of that was leveraged trades and they sell now and its always a bit like that. Nothing wrong, think of it like a wave on a beach it happens all the time.

what more can we expect in this market? it is old news already and by now, we are used to it already. it now lies on how are you going to attack this situation to your advantage. roller coaster ride is just a normal ride in this market.
remember up until now, no one can confidently tell himself that he knows what will happen next, or few days from now.

STT

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Perfectly normal natural behavior and entirely infuriating for sure. Price never moves in a straight line is pretty much a rule I take as true almost any time, the exceptions are large bullish moves but even within that profit taking will occur. We had a rise, some of that was leveraged trades and they sell now and its always a bit like that. Nothing wrong, think of it like a wave on a beach it happens all the time.

goaldigger

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Quote from: Gozie51 on April 09, 2022, 11:51:03 AM

Although that it may look surprise but it doesn't mean the price won't go back there. Yes the expectation of many including myself was that it will keep going higher with the positive information so far. The bull has a way to ride the market when it is time, maybe we are having a little correction downward for another run to start. Enough reasons could have caused the drop but with a few more positive news will begin the highs

This is expected when Bitcoin fails to go beyond the resistance, the news is not enough to create a huge demand and this is the reality.

If we are going to look at the past trend, we are on the same scenario. That good news will take effect once the price stabilize and able to create momentum that can break the resistance level. Bitcoin will eventually hit the $50k, its not for now but soon once the whole market becomes stable. That is still a good news btw, that means many are into Bitcoin now and that can affect the market later on.

Johnyz

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Quote from: crzy on April 09, 2022, 03:57:51 PM

News is one thing, we should really see the current situation before getting hyped. The price fails to break the resistance and its expected to go down after that, don’t worry if that good news really into this market the price of Bitcoin will rise eventually and we might reach the $50k mark again. Let’s just enjoy the price for now and buy more, this is a great opportunity for that.

Perfect timing of the news can also be more effective but since Bitcoin price is still struggling to recover, those good news didn’t affect much for the price of Bitcoin. This is normal, we’ve seen this before already and most probably Bitcoin is just waiting for another momentum before going up, don’t worry much about $42k price, we survive the $30k level so we should not be afraid to stay at the level of $40k for now.

crzy

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News is one thing, we should really see the current situation before getting hyped. The price fails to break the resistance and its expected to go down after that, don’t worry if that good news really into this market the price of Bitcoin will rise eventually and we might reach the $50k mark again. Let’s just enjoy the price for now and buy more, this is a great opportunity for that.

||bit

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Year back,which is 2021.If you say other people,the people of bitcoin will cross 50k dollars.All will laugh on you and say don’t do marketing of crypto with them.But that 50k dollars was happened.So everything is possible in crypto,specially the bitcoin.Even now,some people skip of crypto by seeing the value of 38k dollars in the bitcoin price.But pump and dump are easy one.

Gozie51

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Although that it may look surprise but it doesn't mean the price won't go back there. Yes the expectation of many including myself was that it will keep going higher with the positive information so far. The bull has a way to ride the market when it is time, maybe we are having a little correction downward for another run to start. Enough reasons could have caused the drop but with a few more positive news will begin the highs

sarmrakib

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I also have surprised that the market is doing nothing positively even after having many great news .The market teach us that it is really tough to get what he wanna do next .I was really waiting to get a positive and strong bullish trend after publish the news of investment by Microstrategy .You have mentioned all the big news what was really expecting to go market to the uptrend but its not happened .I think the whole market are on shaking and hopefully we will get a good positive trend to the up .I am not doing any trade right now and trying to get the movement of btc which is really stuck on 42k$ now at the moment .Lets see what happen in next .

rhomelmabini

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I'd say it will take time before the market will digest what's going on around worldwide and it's not only monopolized by the good news that's mainly crypto related, it needs outside of it's realm, maybe the stock, forex market as well. We're in the sideways market or accumulation phase so ranging from $30k - $50k was a normal thing in me I guess.

Lucius

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Quote from: adaseb on April 08, 2022, 10:04:28 PM

I think the reason why it didn’t is because there is too much economical and geopolitical Issues at the moment. We got a war going on. Gas prices are at highs. We got horrible inflation and due to that we got maybe 8 or so rate increases this year. Fed has no choice but to increase interest rates.

Rising rates is not good for stocks and right now crypto follows stocks pretty closely especially the nasdaq index. So many people are on the side lines until this boils over. Another issue is the inverted yields which usually signal a recession. So people are going into risk-off mode.

I think you have a good idea of what is currently affecting the markets, and there is a lot of talk about these things on various business TV channels that I have watched in the last few days. Despite the good news, risky investing at the moment is not an option for the average Joe as he becomes increasingly aware that the prices of all essentials are skyrocketing.

Of course, that doesn’t mean no one is buying, but even big fish can’t move the crypto market upward at the moment.

GreatArkansas

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Quote from: someone703 on April 09, 2022, 08:32:44 AM

Quote from: Fundamentals Of on April 08, 2022, 09:34:13 PM

These and many more good news, and yet the price is falling to $42,000?

Buying more when the price is low and waiting for it to rise again, I always feel people are being rushed and impatient. Control your psychology with the market. Although each person will have their own way of managing their wealth, I see many people are still stuck because of losses in the market, and those who are profitable are still feeling overwhelmed. I feel happy no matter how the market turns out, satisfied with what I have.

Price falling around $42,000 for me is normal, I believe the strong support for Bitcoin from a short-term perspective is the $40,000. It also becomes psychological support and the $50,000 level now is strong resistance.
I am very bullish for the short-term to mid-term for Bitcoin right, with these minor drops in Bitcoin, I believe it is just a temporary and a healthy correction.

someone703

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Quote from: Fundamentals Of on April 08, 2022, 09:34:13 PM

These and many more good news, and yet the price is falling to $42,000?

Buying more when the price is low and waiting for it to rise again, I always feel people are being rushed and impatient. Control your psychology with the market. Although each person will have their own way of managing their wealth, I see many people are still stuck because of losses in the market, and those who are profitable are still feeling overwhelmed. I feel happy no matter how the market turns out, satisfied with what I have.

coolcoinz

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My long standing theory is that the price is becoming more detached from the value because of the constant outflow of coins from exchanges. The market cap is so high these days that if we were to measure value by the % of total fiat money invested in the space and account for inflation, we would easily be at 50k right now. To check it, just take one of the biggest exchanges like Bitfinex and check how much coins you need to sell in order to move the price. For instance, the coins needed to drop the price of Bitcoin by 5k usd (around 10% of total price) was just ~11k BTC. 500 million USD is enough to cause a crash on a 800 billion market cap asset. What do you think would have happened if someone dropped a bomb of 10 billion USD in coins on spot exchanges? We'd probably go below 30k instantly. Would that mean Bitcoin is worth 25k USD or something like that? Of course not! It would only mean that there's not enough liquidity on exchanges to support such big trades in such a short time.

Remember guys, price pumps and crashes are not a representation of value, but a trend on exchanges. They are only showing what people who trade on spot exchanges are doing and should concern you only if you're trading or planning to move from BTC to another investment.

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