Are we at the bottom? no one knows, but market is doing fine.

Silberman

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Quote from: Finestream on August 09, 2022, 03:59:09 PM

Quote from: buwaytress on August 04, 2022, 12:14:06 AM

^ Indeed. Even when we've been there we feel the need to look up in desperation hoping we don't get lower -- when really we should be "thankful" Bitcoin spends the majority of time in the bottom. I'm a really slow and steady "collector", DCA-ing all the way and liquidating when I'm forced to (unfortunately missing two ATHs).

Of course I feel those pangs of regret, but I've definitely seen more than enough to feel pleased I'm given a second chance to accumulate in extra value range. If it gets lower, I benefit more.

DCA baby.

There’s more reason to be glad right now than stay regretful and gloomy because the market itself is giving us another opportunity to invest and accumulate more bitcoin. Though the market remains unpredictable and we don’t know what’s up next, but the fact that we are here to invest for long term, then now is the best time to buy more for bigger future profits too. Surely if it gets lower, then I will accumulate more bitcoin as much as I can. And DCA can be very useful this time.

I think the same, while I can see why people can get mad that the price of bitcoin is so low now, since they invested when the price was much higher, at the same time we need to understand this is an opportunity that will most likely never repeat itself, something similar happened during the previous bear market and now it is almost a sure thing bitcoin will never get that low again, so if someone is really interested in bitcoin and has the patience to hold their coins then there is not a better moment than now to buy bitcoin.

Finestream

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Quote from: buwaytress on August 04, 2022, 12:14:06 AM

^ Indeed. Even when we've been there we feel the need to look up in desperation hoping we don't get lower -- when really we should be "thankful" Bitcoin spends the majority of time in the bottom. I'm a really slow and steady "collector", DCA-ing all the way and liquidating when I'm forced to (unfortunately missing two ATHs).

Of course I feel those pangs of regret, but I've definitely seen more than enough to feel pleased I'm given a second chance to accumulate in extra value range. If it gets lower, I benefit more.

DCA baby.

There’s more reason to be glad right now than stay regretful and gloomy because the market itself is giving us another opportunity to invest and accumulate more bitcoin. Though the market remains unpredictable and we don’t know what’s up next, but the fact that we are here to invest for long term, then now is the best time to buy more for bigger future profits too. Surely if it gets lower, then I will accumulate more bitcoin as much as I can. And DCA can be very useful this time.

SirLancelot

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Quote from: Ayers on August 08, 2022, 05:25:02 AM

the bear market is an investment opportunity and a great holding opportunity for future profits, but let's say i'm having a hard time getting income to spend every day and have no idle money, i can't take the risk to invest because you know crypto is a risky investment and we never know when it will recover
so it is very risky when you invest with money everyday, you cannot bet the lives of your children and family on the risky market, that's selfish
the market is always there and the opportunity will always be there, if you can't invest today, you can invest tomorrow, family is unique

If you do not have the money then you do not have the money, there isn't an alternate for that at all. I personally believe that the best thing we can do right now would be making sure that everyone realizes how hard this is, if you realize that then you are going to be fine for sure.

I do not know if you could find any money, but if you can't then just work for it, there are plenty of jobs in the crypto world where you can make money, and if you can make money then you can reinvest it. If not, then just wait, I know you will not want to wait, but you have to, find a better job, get a better salary, whatever you can, but do not invest the money you need to live.

btc78

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Quote from: Ayers on August 08, 2022, 05:25:02 AM

Quote from: btc78 on August 07, 2022, 09:18:26 PM

Quote

i see people struggling with daily work to overcome difficulties let alone have idle money to invest, today investment is not their concern, they need to take care of their daily meals first,
regarding bitcoin, i also think we will have a sideways trend rather than a bull season later this year

if you know how this market goes then you should understand that this is the time to deposit and invest if you dont wanna end losing more in the future.

of course mate, the bear market is an investment opportunity and a great holding opportunity for future profits, but let's say i'm having a hard time getting income to spend every day and have no idle money, i can't take the risk to invest because you know crypto is a risky investment and we never know when it will recover

yeah I got you there mate, actually that is why I keep advising people here to at least keep safe some extra funds for this kind of time because like what we both agreed this is the time for perfect investment.

but of course your money for food and bills must not be risked in crypto investment specially in times like this that life is really a struggle everyday.

Quote

so it is very risky when you invest with money everyday, you cannot bet the lives of your children and family on the risky market, that's selfish
the market is always there and the opportunity will always be there, if you can't invest today, you can invest tomorrow, family is unique

yes , maybe just try waiting for another chances though the next time/ better to be ready in this kind of bearishness .

fuguebtc

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Quote from: fzkto on August 08, 2022, 02:06:07 PM

But there may be another currency that will be promoted by different governments, which is CBDC. If that happens in the near future, just as you say in 5 years, but maybe sooner because fiat money will depreciate because of inflation, that will be a huge problem for bitcoin and cryptocurrencies. CBDC will definitely become a worldwide ban for cryptocurrencies.

CBDC is essentially no different from fiat, the government can also print as much as it wants and it also loses value over time. The government issued a CBDC I think it will, it won't affect bitcoin, and they can't ban crypto outright if they have a CBDC. The value of bitcoin will always increase over time and people will gradually realize that with a constant supply only bitcoin is a good hedge against inflation.

fzkto

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Quote from: Minecache on August 07, 2022, 10:37:50 PM

Quote from: pooya87 on August 07, 2022, 11:49:49 AM

Quote from: Minecache on August 07, 2022, 04:48:51 AM

Given the current economic situation, it is highly unlikely for the market to fully recover,

Sadly this is true even though it goes against all logic and bitcoin design!
Bitcoin is the hedge against inflation and whenever the fiat currencies dump, bitcoin price should go up. And we all know that all major fiat currencies from USD to EUR are dumping hard as we can see price of everything is increasing (except bitcoin!).

I think we need more time to prove, bitcoin is still considered a volatile asset and it is still not a reliable asset when the governments of countries constantly see bitcoin as an enemy. This is what makes bitcoin not as popular and trusted as other traditional assets.

But in the long run, maybe 5 years or 10 years when fiat depreciates heavily, people will know what to do with their assets, they will realize bitcoin is the most effective hedge against inflation.

But there may be another currency that will be promoted by different governments, which is CBDC. If that happens in the near future, just as you say in 5 years, but maybe sooner because fiat money will depreciate because of inflation, that will be a huge problem for bitcoin and cryptocurrencies. CBDC will definitely become a worldwide ban for cryptocurrencies.

Ayers

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Quote from: btc78 on August 07, 2022, 09:18:26 PM

Quote

i see people struggling with daily work to overcome difficulties let alone have idle money to invest, today investment is not their concern, they need to take care of their daily meals first,
regarding bitcoin, i also think we will have a sideways trend rather than a bull season later this year

if you know how this market goes then you should understand that this is the time to deposit and invest if you dont wanna end losing more in the future.

of course mate, the bear market is an investment opportunity and a great holding opportunity for future profits, but let's say i'm having a hard time getting income to spend every day and have no idle money, i can't take the risk to invest because you know crypto is a risky investment and we never know when it will recover
so it is very risky when you invest with money everyday, you cannot bet the lives of your children and family on the risky market, that's selfish
the market is always there and the opportunity will always be there, if you can't invest today, you can invest tomorrow, family is unique

Minecache

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Quote from: pooya87 on August 07, 2022, 11:49:49 AM

Quote from: Minecache on August 07, 2022, 04:48:51 AM

Given the current economic situation, it is highly unlikely for the market to fully recover,

Sadly this is true even though it goes against all logic and bitcoin design!
Bitcoin is the hedge against inflation and whenever the fiat currencies dump, bitcoin price should go up. And we all know that all major fiat currencies from USD to EUR are dumping hard as we can see price of everything is increasing (except bitcoin!).

I think we need more time to prove, bitcoin is still considered a volatile asset and it is still not a reliable asset when the governments of countries constantly see bitcoin as an enemy. This is what makes bitcoin not as popular and trusted as other traditional assets.

But in the long run, maybe 5 years or 10 years when fiat depreciates heavily, people will know what to do with their assets, they will realize bitcoin is the most effective hedge against inflation.

Ararbermas

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No one knows and don't expect too much on the current situation because market is still very unpredictable and suddenly becomes so volatile especially these days. And we don't have an idea what whales will gonna do in the future.. So be aware and must wait for more results to assure everything will gonna be alright afterwards.

bitterguy28

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Quote from: GreatArkansas on August 07, 2022, 08:40:12 PM

I can say that the market is already fine because of after the storm there's a rainbow.

indeed , the market is now doing good comparing to what we have in the recent months , though the price is still low yet at least it is greening now and showing strong hold for the following weeks.

Quote

Past few months on Bitcoin market was a bloody, not only on Bitcoin market but also on other markets.

actually almost this whole 2 quarter are a bloody days , nowadays we can find ways in saying that we are in good shape now and in the following quarter at least.

Quote

good thing here is Bitcoin is slowly pulling back and that's a healthy and natural one for me. I'm really positive for Bitcoin now especially recovering on short term period.

super slow actually , taking 1-5% per week , and lowering in the next week so it is just break even so we are staying at 20-24k till now.

peter0425

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Quote from: Republikcoin.com on August 07, 2022, 05:07:20 AM

Quote from: BlackBaron on August 07, 2022, 03:00:38 AM

it seems that the market is still conducive without you developing ups and downs, but some predictions say crypto users who want to invest in Bitcoin should be patient a little longer to determine the buying situation, of course they don't mention that time.

This means that it is marked that Bitcoin will decline again for the lowest point and for the moment to determine the purchase.

Being patient with Bitcoin will not be a problem if the goal is clear and it is for better profit at a time when Bitcoin price gets better. So making incremental purchases at a time when Bitcoin is at its lowest is still a very viable option for everyone to do because it is a very good job. And it's also natural that some of the predictions don't say about the exact time because they are also humans who always find it difficult to make any decisions for the future.

But do we really know if when is the bottom or not? of course not so it is really not good to say that we need to foresee the Bottom because this is only a speculative one, but what we need to understand is that even if it is the lowest or not? yet what we should do is to trust bitcoin and the coins we are holding and never go for the FUD. do not trust those negative comments instead trust your guts and instinct.

btc78

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Quote from: Ayers on August 07, 2022, 06:18:33 PM

Quote from: BitcoinPanther on August 07, 2022, 05:32:28 PM

Quote from: Minecache on August 07, 2022, 04:48:51 AM

Given the current economic situation, it is highly unlikely for the market to fully recover,

Due to the current economic condition, we still feel the effect of the pandemic, lots of people still don't have jobs, price of commodities is ever increasing, and though there are some recoveries it isn't enough for many of us. People will take priority on bringing food to the table than investing. Though, the current relief rally of Bitcoin shows that the trust is there, it is that there aren't enough inflows of money to push the price up. I think we will be seeing lots of sideways from now.

many places that have not yet recovered from the pandemic , they continue to suffer from new difficulties, escalating prices and an energy crisis caused by war

at least they are seeing bright future now from the heavy days of 2020-2022 , this part of the year we can see them longing to find thing to make them profiting and gaining from the hatred of yesterday.

Quote

i see people struggling with daily work to overcome difficulties let alone have idle money to invest, today investment is not their concern, they need to take care of their daily meals first,
regarding bitcoin, i also think we will have a sideways trend rather than a bull season later this year

if you know how this market goes then you should understand that this is the time to deposit and invest if you dont wanna end losing more in the future.

GreatArkansas

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I can say that the market is already fine because of after the storm there's a rainbow.
Past few months on Bitcoin market was a bloody, not only on Bitcoin market but also on other markets.
The good thing here is Bitcoin is slowly pulling back and that's a healthy and natural one for me. I'm really positive for Bitcoin now especially recovering on short term period.

Ayers

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Quote from: BitcoinPanther on August 07, 2022, 05:32:28 PM

Quote from: Minecache on August 07, 2022, 04:48:51 AM

Given the current economic situation, it is highly unlikely for the market to fully recover,

Due to the current economic condition, we still feel the effect of the pandemic, lots of people still don't have jobs, price of commodities is ever increasing, and though there are some recoveries it isn't enough for many of us. People will take priority on bringing food to the table than investing. Though, the current relief rally of Bitcoin shows that the trust is there, it is that there aren't enough inflows of money to push the price up. I think we will be seeing lots of sideways from now.

many places that have not yet recovered from the pandemic , they continue to suffer from new difficulties, escalating prices and an energy crisis caused by war

i see people struggling with daily work to overcome difficulties let alone have idle money to invest, today investment is not their concern, they need to take care of their daily meals first,
regarding bitcoin, i also think we will have a sideways trend rather than a bull season later this year

BitcoinPanther

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Quote from: Minecache on August 07, 2022, 04:48:51 AM

Given the current economic situation, it is highly unlikely for the market to fully recover,

Due to the current economic condition, we still feel the effect of the pandemic, lots of people still don't have jobs, price of commodities is ever increasing, and though there are some recoveries it isn't enough for many of us. People will take priority on bringing food to the table than investing. Though, the current relief rally of Bitcoin shows that the trust is there, it is that there aren't enough inflows of money to push the price up. I think we will be seeing lots of sideways from now.

Captain Corporate

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Quote from: goaldigger on August 07, 2022, 04:38:08 PM

I do believe that we shouldn't be shocked about the return when the prices of everything goes back up. Right now evne oil prices went down, gold did, stocks did, everything did and dollar gained value again. This means that it wasn't just about bitcoin or crypto, it was about everything. I agree that when the world recovers then we are going to start seeing some increases. This is the outside part that will help, there is also 2 insides that may help, one is ETH finally having proof of stake phase 2.0, and then we will also have halving which usually helps us go up. This is why I believe that we could do a lot better in the near future.

goaldigger

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Quote from: pooya87 on August 07, 2022, 11:49:49 AM

Quote from: Minecache on August 07, 2022, 04:48:51 AM

Given the current economic situation, it is highly unlikely for the market to fully recover,

Sadly this is true even though it goes against all logic and bitcoin design!
Bitcoin is the hedge against inflation and whenever the fiat currencies dump, bitcoin price should go up. And we all know that all major fiat currencies from USD to EUR are dumping hard as we can see price of everything is increasing (except bitcoin!).

The crisis affect the investors and the cycle continues up to Bitcoin and cryptomarket, this is why we are having a hard time to recover though at least we are able to go back at the price level of $23k and all we have to do is to sustain this level and go for a sideway trend. Eventually, when the world economy starts to recover Bitcoin will also follow that, we might already hit the bottom but of course, worse scenario can still happen so keep watching the price trend.

pooya87

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Quote from: Minecache on August 07, 2022, 04:48:51 AM

Given the current economic situation, it is highly unlikely for the market to fully recover,

Sadly this is true even though it goes against all logic and bitcoin design!
Bitcoin is the hedge against inflation and whenever the fiat currencies dump, bitcoin price should go up. And we all know that all major fiat currencies from USD to EUR are dumping hard as we can see price of everything is increasing (except bitcoin!).

STT

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Market is just dandy for the moment in terms of its shape its not bad looking. How it looks after it goes 15 rounds in the next fight over price we'll have more to judge then but its not awful to see a chart like this, its quite regular steps upwards.

50 day average there is rising, some positive and if I stick a simple ruler on the chart I'd guess we are ok so long as we sustain above the early July peak of roughly 21.5k. I do think theres a fight ahead still not an easy gain but upside targets of 26k, 30k and 35k seems reasonable because that price action is quite open. A magnetized return to 200 day average would be nice, in theory we do orbit that measure at some point I expect.

Falconer

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Quote from: Republikcoin.com on August 07, 2022, 05:07:20 AM

Being patient with Bitcoin will not be a problem if the goal is clear and it is for better profit at a time when Bitcoin price gets better. So making incremental purchases at a time when Bitcoin is at its lowest is still a very viable option for everyone to do because it is a very good job. And it's also natural that some of the predictions don't say about the exact time because they are also humans who always find it difficult to make any decisions for the future.

In the long run it's fine and I don't doubt it. It seems like most people are starting to notice and know what they should do with their bitcoin. The main condition is not to invest more money that you can't afford to lose, which means you have to invest in an amount that you can afford to lose.

I don't expect much in the short term as the price may still drop further, but I am inclined to believe that in the next 2 years the bitcoin price will pass the previous ATH at $69K. A good target is profit in the long term, but I don't mind if they are able to make a profit in the short term.

Topic: Are we at the bottom? no one knows, but market is doing fine. (Read 479 times)