Bitcoin and Crypto Winter - page 2. | Bitcointalksearch.org

Abiky

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Quote from: Ale88 on June 24, 2022, 11:32:50 PM

There is nothing certain in life besides death and taxes, but if last time we managed to see bitcoin at almost $70k then it's very likely that we could see for the first time in history the 6-digit number. It'll be interesting to see if many people will sell just before the $100k, kind of what happened in 2017 with the $10 but then it kept pumping. That was very unexpected.

Bitcoin has always rebounded after a severe bear market. This time is no different than 2013 or 2018 where BTC went downhill in an instant. If you're smart, you'd buy Bitcoin at a discount before it goes back up again. I have a feeling BTC will never touch $20k again, just like it never touched $1k back then. Just wait until the next BTC halving and you'll see everything will be shining again. Who knows if buying and "hodling" BTC and some prominent alts will lead you towards untold riches in the future? Just my thoughts Grin

maydna

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Quote from: wxa7115 on June 25, 2022, 12:13:44 PM

Quote from: Ale88 on June 24, 2022, 11:32:50 PM

Quote from: Myleschetty on June 13, 2022, 01:12:56 PM

In the next bullish season, it is certain that BTC will make the $100K price that was predicted for the previous bullish market.

There is nothing certain in life besides death and taxes, but if last time we managed to see bitcoin at almost $70k then it's very likely that we could see for the first time in history the 6-digit number. It'll be interesting to see if many people will sell just before the $100k, kind of what happened in 2017 with the $10 but then it kept pumping. That was very unexpected.

We know that anything can happen in the markets but at the same time the odds of something actually happen change depending on how far the price is from the previous all time high, reaching the 100k level during the next bull run is a prediction that is within the range of what it is very possible to happen.

With that being said the bear market is not over yet, and as such we still need to keep holding our coins, as it would not matter if bitcoin reached that price if you happen to sell your bitcoin for a cheap price before that happens.

It's only time for bitcoin to hit $100k, and that could happen in the next bull market. But bitcoin is still at the $20k level. We don't know how long the price will start moving up. Before that happens, we can get ready and start buying at as many lows as possible so that we can get ready to sell when the price starts to rise.

Yes, the bear market is still not over, which means that our wait to see the bull market is yet to come. And if we can hold our bitcoins until the $100k comes, we will get a big profit if we can sell it at the $100k and above.

tam31

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Feeling down during this period is nothing shocking, there are tons of people who feel that way. However, if you can overcome that feeling, leave your emotions out the door, and just take the bullet and get in, then you will be happier later on. We had plenty of crypto winters in our time and we can definitely see this as a good chance, which will be quite difficult to go through, but not impossible. All we need to do right now is focus on the future, and ignore all the noise that comes right now.

There will be plenty of bad news about crypto and how bitcoin is dead etc etc type of stuff everywhere, but that doesn't mean that we can't make a profit later on, all those news are just there to get clicks and nothing more, focus on the real world and be hopeful about the future.

amishmanish

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People are saying crypto winter is arriving, but there must be a reason for this, . While the adoption of bitcoin is at all time high, the actual use of bitcoin is on rise. The value of bitcoin should have had actually risen. But its not happening. One possible reason of this fall is that current inflation and economic trends has made investors weary and risk averse. Secondly many countries are now releasing their own digital currencies, which are actually looking more safer to the risk averse customers. Thirdly the russian war and ban be many countries on crypto mining has pulled down the value of bitcoin.
However this is a temporary phenomenon. A lot of customers will return and we will see spring again.

kryptqnick

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Bitcoin fell lower than the mark set by the op because some time has passed, but it's indeed a great table that shows the seriousness of the drops and how bad it used to look. I think this should help people calm down, show them that in the past. $1k seemed at the top, and then the same happened with $20k. And both times it seemed Bitcoin would never reach its former might, while some people remained believers and were right.
No matter how low it gets, we'll get through it, Bitcoin will recover.

wxa7115

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Quote from: Ale88 on June 24, 2022, 11:32:50 PM

Quote from: Myleschetty on June 13, 2022, 01:12:56 PM

In the next bullish season, it is certain that BTC will make the $100K price that was predicted for the previous bullish market.

There is nothing certain in life besides death and taxes, but if last time we managed to see bitcoin at almost $70k then it's very likely that we could see for the first time in history the 6-digit number. It'll be interesting to see if many people will sell just before the $100k, kind of what happened in 2017 with the $10 but then it kept pumping. That was very unexpected.

We know that anything can happen in the markets but at the same time the odds of something actually happen change depending on how far the price is from the previous all time high, reaching the 100k level during the next bull run is a prediction that is within the range of what it is very possible to happen.

With that being said the bear market is not over yet, and as such we still need to keep holding our coins, as it would not matter if bitcoin reached that price if you happen to sell your bitcoin for a cheap price before that happens.

Dump3er

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Quote from: Marvell1 on June 13, 2022, 12:50:20 PM

Since its creation Bitcoin has experienced a total of 3 "bear seasons" and we are in season 4 right now.

The most recent bear season happened in 2018-2020, At the end of 2017, the Bitcoin craze was because by the panicking of the investors. In 2017 Bitcoin gained $20K value from $1K.Then it dumped of a sudden more than 80% and dropped the value near around $3k within Q4 of 2018, resulting in the total cryptocurrency market cap falling by more than 80%.

After the halving year 2020, we go through the highest bull season max x20.8 times increased, and we acquired the height value of around $67K within Q4 of 2021. Currently, bitcoin is trading at $23.44k.

Where will bitcoin's final bottom level be during this bear season and what will be bitcoin's new ATH level in the next bull season?

Your input will be greatly appreciated.

That is an interesting overview you provided there, thank you. I think in the back of my head I would have expected your table to look roughly like that, but I never put in the effort to crunch some numbers. It does remain to be seen how the overall market develops in the near and mid-term future, but the pattern makes sense. Certainly it was easy for Bitcoin to go absolutely parabolic during the years right after it was launched. Now it requires a lot more money to move it substantially towards a certain multiplier, but I feel confident it will happen again that we will see it reach a decent multiple very soon. Especially from where we are now I think there is a phase ahead of us where it is going to outperform any other asset class by far. For now the market is a bit shaky, but patience is key. Good graphic!

Ejarwan

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Personally, as long as it doesn't fall below $17,000, I'm calm, because if it breaks this point, the next stop is ≈ $5,000.
But in the long term, don't panic.

Ale88

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Quote from: Myleschetty on June 13, 2022, 01:12:56 PM

In the next bullish season, it is certain that BTC will make the $100K price that was predicted for the previous bullish market.

There is nothing certain in life besides death and taxes, but if last time we managed to see bitcoin at almost $70k then it's very likely that we could see for the first time in history the 6-digit number. It'll be interesting to see if many people will sell just before the $100k, kind of what happened in 2017 with the $10 but then it kept pumping. That was very unexpected.

dansus021

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everyone talk about bitcoin crash and yes it is cold here as the crypto winter hit the market but the current winter is happen too traditional market aswell the stock crash commodity like oil and gas goes up but we can see the fact that bictoin is still at the good price when we compare year 2017

but i still hope that we can touch new ATH in this year

Trapezium

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This is the same as the crypto winters we experienced in 2018. And I won’t repeat my mistake by selling my bitcoin. I am going to hold them.

Abiky

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Quote from: ChiBitCTy on June 14, 2022, 08:24:00 AM

It’s just simply impossible to where we will end up after all of this bleeding stops. I’m not sure that any charts with support and what not will keep anyone from continuing to sell. When there’s blood in the markets people tend to panic sell regardless of technicals and fundamentals.

People are way too emotional so they will quickly sell their coins to avoid losing money further down the road. After all, they're only into crypto to make a quick buck. We may've entered the crypto winter, but that doesn't mean it's the end of the world. Smart people would buy BTC and prominent altcoins now to stock them up for the future. It's been shown from time to time that Bitcoin reaches a new All-time-high after every block reward halving.

Probably between 2023-2014, we'll see the crypto winter come to an end. I'm in no hurry to see a bull market as long as Bitcoin works as intended. Who knows if we become the next crypto millionaires within the not-so-distant future? Just my thoughts Grin

dezoel

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Quote from: boyptc on June 14, 2022, 04:59:06 AM

When the bullish season comes back, you can compute on your mind how much it would be the top. Just as the past bull runs, take it as an example for the last one last year, it was 20x.

So, even if bitcoin goes by 10x or 5x during the next bull run and calculating it with the lowest for this bear market like the lowest could be $20k. That will be a solid 6 digits soon.

This is quite true, even 5x to 20k equals to 100k and that is a very very low calculation as well. I need to remind everyone that we started at 7k during 2020 and ended the peak at 68k that is nearly 10x and that is calculation from start to peak, if we calculate bottom to peak that is like 15x total when it happened.

This is why I believe that we are doing fine right now because as long as it stays above 10k, that would be a big profit for me when the next bull comes, and anyone who buys at around these prices would make a ton of profit when the time comes. This is why it is quite crucial to not get out of the market because of the fall or you will lose a lot when it starts to go up.

Vaculin

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Quote from: Marvell1 on June 13, 2022, 12:50:20 PM

Since its creation Bitcoin has experienced a total of 3 "bear seasons" and we are in season 4 right now.

The most recent bear season happened in 2018-2020, At the end of 2017, the Bitcoin craze was because by the panicking of the investors. In 2017 Bitcoin gained $20K value from $1K.Then it dumped of a sudden more than 80% and dropped the value near around $3k within Q4 of 2018, resulting in the total cryptocurrency market cap falling by more than 80%.

After the halving year 2020, we go through the highest bull season max x20.8 times increased, and we acquired the height value of around $67K within Q4 of 2021. Currently, bitcoin is trading at $23.44k.

Where will bitcoin's final bottom level be during this bear season and what will be bitcoin's new ATH level in the next bull season?

Your input will be greatly appreciated.

Whatever you say it crypto winter or bearish season, the market will always be unpredictable especially its topmost price and its bottom price. No one knows it that is why we always take advantage when there are dips happening as we don’t know eventually as how long the market will be able to recover. But for certain, bitcoin will never stay for long dumping, it will always surge and reach a new all time high.

Sanitough

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Quote from: Marvell1 on June 13, 2022, 12:50:20 PM

Since its creation Bitcoin has experienced a total of 3 "bear seasons" and we are in season 4 right now.

The most recent bear season happened in 2018-2020, At the end of 2017, the Bitcoin craze was because by the panicking of the investors. In 2017 Bitcoin gained $20K value from $1K.Then it dumped of a sudden more than 80% and dropped the value near around $3k within Q4 of 2018, resulting in the total cryptocurrency market cap falling by more than 80%.

After the halving year 2020, we go through the highest bull season max x20.8 times increased, and we acquired the height value of around $67K within Q4 of 2021. Currently, bitcoin is trading at $23.44k.

Where will bitcoin's final bottom level be during this bear season and what will be bitcoin's new ATH level in the next bull season?

Your input will be greatly appreciated.

We all know that bitcoin will drop its price more in the next couple of days but sadly, we can't predict correctly what will be its bottom price level and when will it happen. The reason why we need to do DCA this time so we can still maximize our purchase despite of its uncertain price drops. Because after this, bitcoin will gradually recovers just like what happened before. Bitcoin will boost its momentum and finally reach its new ATH.

Viscore

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Quote from: Marvell1 on June 13, 2022, 12:50:20 PM

Since its creation Bitcoin has experienced a total of 3 "bear seasons" and we are in season 4 right now.

The most recent bear season happened in 2018-2020, At the end of 2017, the Bitcoin craze was because by the panicking of the investors. In 2017 Bitcoin gained $20K value from $1K.Then it dumped of a sudden more than 80% and dropped the value near around $3k within Q4 of 2018, resulting in the total cryptocurrency market cap falling by more than 80%.

After the halving year 2020, we go through the highest bull season max x20.8 times increased, and we acquired the height value of around $67K within Q4 of 2021. Currently, bitcoin is trading at $23.44k.

Where will bitcoin's final bottom level be during this bear season and what will be bitcoin's new ATH level in the next bull season?

Your input will be greatly appreciated.

The market is definitely bearish right now and bitcoin is struggling hard to sustain its price but most likely, it will fall further and may even drop below $15k. For some, its never good seeing how low the bitcoin price but for wise investors, its the best entry in the market. Buying bitcoin at a very affordable price is something that we all wanted to happen. Because for all we know, this will not take so long and eventually, maybe before this year ends or within the first quarter of 2023, bitcoin will bounce again and skyrocket.

justdimin

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Quote from: mich on June 16, 2022, 03:33:46 AM

I don’t believe this is a ‘crypto winter’ but maybe that’s because I was expecting this type of crash. This kind of correction is very cyclical for Bitcoin. If you follow BTC on a long enough timeline you can see the patterns and it always rebounds.
I certainly don’t plan to sell any of my bitcoin. I see this correction as a setback and not a reflection of the utility of the technology. Bitcoin is here to stay but this correction is clearly a sign the global economy is in shambles.
How could the negative impacts of a recession not affect Bitcoins price? Just be patient and wait till the economy picks back up and I’m fairly confident the price of Bitcoin will rebound and then start reaching new highs.

Yeah, people who have been here long enough usually knows that it is not really that much of a big deal. I mean think about it, we are in a "crypto winter" that we already said. Anytime bitcoin price peaks above ATH and gets a new huge ATH, that usually means that we are going to end up with a big profit, and some people will take out their profit and the price would fall and crash. We always have a bull and then bear and then bull and then bear.

So, it is not really a shocking thing about the current climate, we should be used to it by now. So, when you expect it to be like this, it doesn't really take long for people to realize it will go down and we just do not assume anything bad is going on, only the expected.

SirLancelot

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Quote from: mich on June 16, 2022, 03:33:46 AM

I don’t believe this is a ‘crypto winter’ but maybe that’s because I was expecting this type of crash. This kind of correction is very cyclical for Bitcoin. If you follow BTC on a long enough timeline you can see the patterns and it always rebounds.
I certainly don’t plan to sell any of my bitcoin. I see this correction as a setback and not a reflection of the utility of the technology. Bitcoin is here to stay but this correction is clearly a sign the global economy is in shambles.
How could the negative impacts of a recession not affect Bitcoins price? Just be patient and wait till the economy picks back up and I’m fairly confident the price of Bitcoin will rebound and then start reaching new highs.

I think that crypto winter is just another term for a bear run so even if you expect this or not, a bear run is still a bear run or for some it's called a crypto winter but it's nice that you already expected this to happen. It means that you already sold some of your btc's and other cryptos before or when the market is still in a great condition and then prepare some money for buying by the time this event occurs.

Yes, you shouldn't sell any of your bitcoins, alts and tokens right now because it feels not right. Bear run is supposed to be a time for accumulation and not for selling but the best time for selling is when the market is fully recovered or when the bull run takes place.

mich

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I don’t believe this is a ‘crypto winter’ but maybe that’s because I was expecting this type of crash. This kind of correction is very cyclical for Bitcoin. If you follow BTC on a long enough timeline you can see the patterns and it always rebounds.
I certainly don’t plan to sell any of my bitcoin. I see this correction as a setback and not a reflection of the utility of the technology. Bitcoin is here to stay but this correction is clearly a sign the global economy is in shambles.
How could the negative impacts of a recession not affect Bitcoins price? Just be patient and wait till the economy picks back up and I’m fairly confident the price of Bitcoin will rebound and then start reaching new highs.

stomachgrowls

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Quote from: LoyceMobile on June 14, 2022, 12:28:14 PM

20.8x from the bottom seems small, I still think the last bull run didn't reach it's full potential. After all, there was never a sharp high peak. There's just too much going on with pandemic, war, energy, supply chains and inflation.

Aside from those reasons, i do believe that price couldnt hit up 100x - or more considering the value that we are talking which means marketcap would be really huge if ever we do move that way.

So its a bit understandable that high price will only be having lesser multiplier as we do go ahead.Even sitting on 60k price point, talking about 2x the value will really be needing that much
positive sentiments or news that would trigger out such increase.

But speaking with crashing percentage then it seems that it is really just bit the same or might even more lower. Cheesy

Topic: Bitcoin and Crypto Winter - page 2. (Read 882 times)