Are we at the bottom? no one knows, but market is doing fine. - page 2.

MCobian

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Quote from: burky156 on August 05, 2022, 08:03:21 AM

I think the price of bitcoin still has the potential to drop from the current price. In the last few weeks, the crypto market has remained sluggish, although it is observed to be entering the green zone. However, overall the market is still not able to fully recover to make a significant price increase.

If we see the price of Bitcoin has stabilized above $20k in the last few weeks, that doesn't mean the bear market is over. There's still a chance that
Bitcoin will fall below $20k again, so it can be said that Bitcoin has not yet reached the lowest price. But that doesn't mean we have to buy Bitcoin
when it hits the lowest price, because no one can predict Bitcoin price movements accurately. So as long as Bitcoin hasn't been able to rise above $25k,
I think it's still a good time to buy Bitcoin. Because if we delay buying Bitcoin there is a possibility that we will regret it, because it could suddenly
Bitcoin pump in the near future. So why don't we buy Bitcoin at the current price, which in my opinion is quite low when compared to the price of
Bitcoin which has risen above $60k in 2021. Even if after we buy Bitcoin the price suddenly falls lower, we can hold Bitcoin until the price recovers,
because after all the price of Bitcoin will definitely recover again, as long as we can be patient holding Bitcoin.

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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.

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Quote from: burky156 on August 05, 2022, 08:03:21 AM

I think the price of bitcoin still has the potential to drop from the current price. In the last few weeks, the crypto market has remained sluggish, although it is observed to be entering the green zone. However, overall the market is still not able to fully recover to make a significant price increase.

Given the current economic situation, it is highly unlikely for the market to fully recover, but will it drop below $20k again? That's what I think we all care about. Bitcoin has been hovering at $20k for a long time and now at $23k it will probably take a while at this price before deciding on a new trend. Compared to last month, bitcoin is currently much better trading at $23k, but there is no guarantee that we will not be in bear season. I think we need a target of at least $30k to say bear season is over.

Yawa2020

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I was a bit Busy and Distracted but If you noticed, Bitcoin was supposed to pump together with the Stocks Market but it was just @ $22k/$23k Area , by the way the NASDAQ has been pumping a little and will pull back soon for a Quick Rebounce and in that case, I think Bitcoin will pull back to $20k Area and then Bounce Up. So always take healthy profits when you see any.

BlackBaron

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Quote from: feeling sound on August 03, 2022, 10:20:52 PM

Do you see any good signal that we might get out of this mess? Bottom or not until these fundamental problems are solved I just can't see a bull market coming.

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.

wiss19

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Are we at the bottom already? If for bitcoin, ethereum and some top altcoins, that can't be since they are now recovering greatly. Maybe it will sound better if you can say something like "are we heading to the bull run already?" because many people are starting to feel positive again and think that this is really a start of something new.

I don't know if what are the status of other coins since I am not monitoring them actively but maybe many of them are still stagnant or keeps on declining. No one knows for sure if what will be their real bottom but was that really matter to you? I think what matter's the most is that the best coins are now doing fine.

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Quote from: Oasisman on August 05, 2022, 03:58:45 PM

Quote from: burky156 on August 05, 2022, 08:03:21 AM

I think the price of bitcoin still has the potential to drop from the current price. In the last few weeks, the crypto market has remained sluggish, although it is observed to be entering the green zone. However, overall the market is still not able to fully recover to make a significant price increase.

Potential drop to $20k I guess, but further below that may still have chance but not most likely as dollars and other essentials are recovering now. Everything seems gradually recovering and one thing I've noticed, Bitcoin is also gradually recovering. Though it is not the kind of recovery that will reach the $30k-ish, but the kind of recovery where it's telling us that it already hits the bottom through this bearish run.

seriously ? we have seen 17k recently so meaning it is not 20k is the bottom instead either lower than 17 or that 17k is the lowest and yes there are some speculative thread that says it is 13k that is the bottom this year.

Quote from: burky156 on August 05, 2022, 08:03:21 AM

I think the price of bitcoin still has the potential to drop from the current price. In the last few weeks, the crypto market has remained sluggish, although it is observed to be entering the green zone. However, overall the market is still not able to fully recover to make a significant price increase.

But how much is the question needs to be answered?

for me ? there is still 15 thousand that coming in the coming weeks or months.

el kaka22

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Considering the situation we are in right now, I wouldn't say that we are at the bear market anymore let alone be in the bottom. The bottom was long time ago and right now we are doing fine, people should realize that once you start to do good, that is not going to change that easily.

We reached 68k before we started to go back down, I do not think that it will stop at 25k max and then start to go back down again this time around. This wasn't just a small increase, our bottom was close to 17k and our top reached 25k in the recent period, that means it was a 50% or close give or take increase. I do not think that dead cat bounce would be as high as this one.

Oasisman

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Quote from: burky156 on August 05, 2022, 08:03:21 AM

I think the price of bitcoin still has the potential to drop from the current price. In the last few weeks, the crypto market has remained sluggish, although it is observed to be entering the green zone. However, overall the market is still not able to fully recover to make a significant price increase.

Potential drop to $20k I guess, but further below that may still have chance but not most likely as dollars and other essentials are recovering now. Everything seems gradually recovering and one thing I've noticed, Bitcoin is also gradually recovering. Though it is not the kind of recovery that will reach the $30k-ish, but the kind of recovery where it's telling us that it already hits the bottom through this bearish run.

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Quote from: justdimin on August 05, 2022, 07:08:20 AM

Quote from: Leviathan.007 on August 04, 2022, 02:29:27 AM

None can be sure about the answer to this question of being at the bottom of the market or not because from what we can see on the technical charts we are currently in a bearish season and there is still not any valid sign to say the bearish season is over, so according to this theory, any price movement to a higher level can be just temporary unless we break the resistance and change the trend to finish the bearish phase, otherwise I'm waiting for lower prices every time I look at the chart.

The logical reason to see why bearish is over is the fact that we have been in the fear index for too long, and the price is recovering right now. I know that not many people will believe we are over it until the price hits a good price, but the reality is that we may not see those prices for a while.

However, we should realize that "bear" means the price going down, and the price hasn't gone down much for a long long time now, meaning we have been over bear market for a long time now. We may not be in a bull market, but markets are not just bull and bear, there is an in between place where it doesn't go down like bear, but doesn't go up like bull neither and that's where we are now.

Yes, its really tanking and we've been holding for the price to sustain into its current value but there's no assurance that it could able to hold for that long or totally we would really be seeing reversal
later on and the thing that makes it really hard to do is to make out decisions on times like this where everything is really moving sideways or doesnt really show up that much volatility.
We cant determine if its the bottom or not but with those few indicators like that index will really be not a bad idea to look at on how market sentiment and condition is been experiencing on
plus trying to look around in terms of events and sentiments which we could say that the market isnt really making that much in terms of negative aspect which it do really shows out
that there's no way that we would be going down even more.

burky156

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I think the price of bitcoin still has the potential to drop from the current price. In the last few weeks, the crypto market has remained sluggish, although it is observed to be entering the green zone. However, overall the market is still not able to fully recover to make a significant price increase.

justdimin

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Quote from: Leviathan.007 on August 04, 2022, 02:29:27 AM

None can be sure about the answer to this question of being at the bottom of the market or not because from what we can see on the technical charts we are currently in a bearish season and there is still not any valid sign to say the bearish season is over, so according to this theory, any price movement to a higher level can be just temporary unless we break the resistance and change the trend to finish the bearish phase, otherwise I'm waiting for lower prices every time I look at the chart.

The logical reason to see why bearish is over is the fact that we have been in the fear index for too long, and the price is recovering right now. I know that not many people will believe we are over it until the price hits a good price, but the reality is that we may not see those prices for a while.

However, we should realize that "bear" means the price going down, and the price hasn't gone down much for a long long time now, meaning we have been over bear market for a long time now. We may not be in a bull market, but markets are not just bull and bear, there is an in between place where it doesn't go down like bear, but doesn't go up like bull neither and that's where we are now.

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Quote from: Morosophy on August 05, 2022, 01:03:20 AM

Market is in the process of making corrections. Imo, all the markets are facing a downward trend. This is the nature of the market and it is under no one’s control to change its nature.

The market is undergoing corrections ever since we hit the all time high last November. And obviously, we hit the bottom at $17.5, but have been bouncing around the $20k'ish for quite sometime now.

Yes, market is doing fine, but unless we go and break $30k, for me we will see the price as going to be on a sideways move for quite a while until we will have that break out run. And who knows we might be out of the bear market or may not see another lowest low if we go past $30k in this bear market.

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Market is in the process of making corrections. Imo, all the markets are facing a downward trend. This is the nature of the market and it is under no one’s control to change its nature.

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Quote from: BuNga_cute on August 04, 2022, 11:10:14 PM

Quote from: UmerIdrees on August 04, 2022, 08:17:39 PM

Everyone who owns Bitcoin must be very happy to see the price of Bitcoin go up, the problem is that it is impossible for us to expect
the price of Bitcoin to continue to rise. There needs to be a correction, so that Bitcoin can go higher. Regarding what the lowest price of
Bitcoin is, it seems very difficult to know this. Bitcoin movements are very volatile, so it is very difficult to predict. As long as we understand
how Bitcoin works, there should be no need to worry how deep Bitcoin will go down. Because based on the history of Bitcoin movement,
Bitcoin price can always recover and will rise to a much higher price every time it experiences a very low price drop.

Therefore the bear market that is happening now we must be able to see it from the positive side, which is our opportunity to collect as much
Bitcoin as possible. So when the Bitcoin price recovers, we can make a profit from Bitcoin. Even if the price continues to decline after we buy,
we only need to hold the Bitcoin we already have until the price recovers and never sell it at a low price. So in conclusion we have to trust
the future of Bitcoin, then we can be more patient when investing in Bitcoin.

Let's take an example of a shitcoin and it just goes up and up and then disappears from the market forever.
A stable market is a market that is always fluctuating and adjusting, it reflects the supply and demand of the market. a market with only one uptrend is an unsustainable market, bitcoin fluctuates up and down and it has been around for over 13 years and always will be. The deeper the decline, the stronger the increase.

BuNga_cute

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Quote from: UmerIdrees on August 04, 2022, 08:17:39 PM

Quote from: CryptoHeadlineNews on August 04, 2022, 02:14:40 PM

So for me, I'm happy to always see the price of Bitcoin rise

Not only you, but all the bitcoin holders and bitcoin lovers are happy when they see that bitcoin prices are on the rise. However, when bitcoin prices grow exponentially then the correction in the prices is always due and this correction may take months to complete. If we see the history of bitcoin, we analyze that bitcoin always traces up to 80% of its all time high, therefore it means that the bottom is not yet in. The potential bottom can be between 11-12K but who knows that this time was different and we already had a bottom just under 18K.

Everyone who owns Bitcoin must be very happy to see the price of Bitcoin go up, the problem is that it is impossible for us to expect
the price of Bitcoin to continue to rise. There needs to be a correction, so that Bitcoin can go higher. Regarding what the lowest price of
Bitcoin is, it seems very difficult to know this. Bitcoin movements are very volatile, so it is very difficult to predict. As long as we understand
how Bitcoin works, there should be no need to worry how deep Bitcoin will go down. Because based on the history of Bitcoin movement,
Bitcoin price can always recover and will rise to a much higher price every time it experiences a very low price drop.

Therefore the bear market that is happening now we must be able to see it from the positive side, which is our opportunity to collect as much
Bitcoin as possible. So when the Bitcoin price recovers, we can make a profit from Bitcoin. Even if the price continues to decline after we buy,
we only need to hold the Bitcoin we already have until the price recovers and never sell it at a low price. So in conclusion we have to trust
the future of Bitcoin, then we can be more patient when investing in Bitcoin.

bluebit25

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We have all seen problems with this market. Everything is showing the general state of affairs. Everything is in an unattractive state to look forward to. But basically, each of us has a different way of managing assets and investing in order to be able to find profit opportunities. For me, this period needs to rest more after the growth process. long preparation for the next cycle. Right now, potential problems are still burning and are expected to happen in the near future, with a worse impact on the economy in general.

adaseb

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We are going up because stocks are going up because bond yields have started to hint that the fed won’t be aggressive in their hikes. We will get a couple of more hikes and then we will most likely get some rates cuts.

This seems true now because I think inflation peaked last month with gas prices going down and everything should be cheaper now.

So unless we get double digit inflation. Which is unlikely. This was most likely the bottom.

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Quote from: cryptomaniac_xxx on August 04, 2022, 05:09:21 PM

Quote from: CryptoHeadlineNews on August 04, 2022, 02:14:40 PM

Quote from: Queentoshi on August 04, 2022, 09:44:47 AM

Quote from: feeling sound on August 03, 2022, 10:20:52 PM

market is doing fine.
How much deeper market gonna dive? Many believe we are near bottom.

I use to worry about the market price and wonder if we were at the bottom until I read a topic here from a user that regardless of how the market appears, 1btc remains 1btc and as hodlers of bitcoin in different quantity, we shouldn't bother ourselves with the fluctuating value but concentrate on getting more, I found it very encouraging and I think we should redirect our focus towards that instead of worrying about the market bottom.

You have a point here, but in as much as 1 Bitcoin remains 1 Bitcoin and yet it's value is still given with respect to dollar, people will always continue to be worried, because unless all items were sold in Bitcoin, then no one would have worry any longer, because the only thing that would have been required is a certain amount of BTC to purchase your item. But for the fact that Bitcoin is been valued to dollar people will always complain because what $30,000/ BTC can buy, $20,000/BTC can not buy.. So for me, I'm happy to always see the price of Bitcoin rise

I guess it's really up to us on how we see bitcoin, as you have said, most of us there see is as 1 BTC=1 BTC others pertain it on USD value. As far as the bottom, we might have hit it already, but there are still some arguments and this is based on previous all time lows, that it has to reach -80% or higher to call that that we have hit the bottom. So far that is not yet satisfied. So maybe we will see another nose dive next year and that might be the final, before a leg up and then eventual bull run in 2024-2025.

Somehow 1btc is still 1btc but honestly every commodity or asset should be priced in USD or any currency. The value of bitcoin is being measured in USD price and that is true. We use bitcoin for payment, but the product is priced in USD, not bitcoin, bitcoin will only be paid at the time of conversion to USD.
I also personally expect bitcoin to hit a new bottom in 2023, $17.5k is not yet the final bottom for this bear season.

UmerIdrees

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Quote from: CryptoHeadlineNews on August 04, 2022, 02:14:40 PM

So for me, I'm happy to always see the price of Bitcoin rise

Not only you, but all the bitcoin holders and bitcoin lovers are happy when they see that bitcoin prices are on the rise. However, when bitcoin prices grow exponentially then the correction in the prices is always due and this correction may take months to complete. If we see the history of bitcoin, we analyze that bitcoin always traces up to 80% of its all time high, therefore it means that the bottom is not yet in. The potential bottom can be between 11-12K but who knows that this time was different and we already had a bottom just under 18K.

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