Topic: Bitcoin and Crypto Winter - page 3. (Read 914 times)
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Once this season is over, a bullish season will set in. This is our chance to buy a lot of bitcoins, especially if we have more money prepared for now. Bitcoin will reach the new ATH again and this time, the ATH will be very high and will likely exceed $100k because the support for bitcoin in the bull market will be enormous. Buying bitcoin in stages is a recommended strategy for beginners or people who have been in bitcoin for a long time.
crypto winter is a term I have been hearing this term for quite some time. A thing goes to freezer only when it becomes useless. But crypto will never ever become useless. Its applications and utility will only rise with time. So this presumption fall flat on face that there will be a crypto winter. Crypto is the future and its happening right here
In fact, bitcoin is to some extent the personification of the cryptocurrency market. I think that cryptocurrency rates are most often very dependent on the bitcoin rate.
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.
My first buying order I placed at €20500 and today it filled, 
When you people are feeling winter I felt summer, my summer is starting from today and I will buy gradually if it drops one more time below 20K,
I am waiting for the entry below it again, this $18k will definitely be hit as the lowest price I will wait a few days to pick up and add to my portfolio.When you people are feeling winter I felt summer, my summer is starting from today and I will buy gradually if it drops one more time below 20K,
The panic must be eliminated, forget about the assets that were bought higher because bitcoin reaches 10x will definitely recover and happen but we have to see a big opportunity when the market has become a price floor.
Winter will not be pleasing to the eye when looking at the market.
Today bitcoin is at its lowest level in 1.5 years - ohoh, bad times ahead if you ask me! 
No, kidding aside... I'm not worried about that. I think there will be a new all time high in a year.
No, kidding aside... I'm not worried about that. I think there will be a new all time high in a year. 
right now its discount season.
What a way to go Franky, lol...It's some real discount where the seller have little to argue about.
A true for bitcoin hodlers and those who claims to have a from believe in cryptos. Notably, a time to flush off some shitcoins that have been in the crypto space for too long.
If you ain't ready to sell, them precious Satoshi right now, then be ready to wait for over a year or two and have the value returned with some profits on it. Sincerely, it hurts to see it drop this much but with it comes the perfect buying opportunity and I hope people are taking there chances already. Don't wanna see no cry baby after the next halving!
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.
And it amazes me how people are selling at this time, if people don't sell the market will not bleed.
imagine it this way instead..
(random numbers for demo)
imagine 10% of people acquired(bought/mined) below $5k/btc
imagine 10% of acquired below $10k
imagine 10% of acquired below $15k
imagine 10% of acquired below $20k
imagine 10% of acquired at $25k
imagine 50% of acquired above $30k
now imagine them first listed 40% that can profit below $20k sold..
that means after some of them sell.. there are then less than 40% that are still below $20k. because the buyers of that coin are now above $20k
meaning more than the 60% of holders are now above $20k. reinforcing a stronger support for $20k
(although i am part of the first 10% and have no intention to sell. there are less and less of us each period. meaning more support for numbers above us to prevent the price going down as much, the more times it goes up.
so let those that want to sell, sell. giving coin to new people that will hold at new higher levels than their predecessor had
This morning Bitcoin first time broke 20K support, I'm waiting for exactly this moment.
It did not. The lowest point was a a brief wick to 20800s
Up to this date bitcoin never went below the old cycle's ATH after passing it to establish a new ATH.
Quote
I didn't buy when it dropped to 40K, I control myself hardly to buy when it dropped to 30K
My first buying order I placed at €20500 and today it filled,
When you people are feeling winter I felt summer, my summer is starting from today and I will buy gradually if it drops one more time below 20K,
Congratulations. You got lucky because without LUNA bankruptcy and later a glitch on Binance that made them stop withdrawals, we wouldn't be here and your order would still be waiting to get filled. Another proof that markets cannot be predicted and sometimes the unexpected happens.
This is also the first time in bitcoin's history that we went down so much without a relief rally. 12 weeks of constant downtrend and over 50% down from 47k with no pullback.
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.
And it amazes me how people are selling at this time, if people don't sell the market will not bleed. i thought it is period like this investors should look forward to buy btc at cheap price, or the intention is to send the price even lower to buy at a very low price.
When btc was hovering around 28/29k i thought it may not go below that price, i see the sell pressure is high, If only people will stop panic sell, but am sure they will also panic buy back when the time comes.
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.
just need to wait for the bullish season to occur. But for those who keep panicking they won't be able to think well. this is a good opportunity to add bitcoin assets, new ATH will be achieved again. We just have to wait and make good use of this crash market. Using spare capital to buy bitcoins. Buy incrementally or use the DCA strategy. ATH $100k is to be expected.
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.
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.
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Today I couldn't believe it when I saw:
17% drop to get worse
-snip-
17% drop to get worse
-snip-
This morning Bitcoin first time broke 20K support, I'm waiting for exactly this moment.
I didn't buy when it dropped to 40K, I control myself hardly to buy when it dropped to 30K
My first buying order I placed at €20500 and today it filled,
When you people are feeling winter I felt summer, my summer is starting from today and I will buy gradually if it drops one more time below 20K,
This is a wrong comparison because you are only comparing a small part of the market (ie. the drop part) not the other bigger parts which are the rise, accumulation and the bubble. If you compare those you can clearly see that each drop that is big (like >80%) is happening because the rise part leading to that drop was massive. And when I say massive I mean tens of thousands of percentage rise bubble (13000% for 2017). But we never had the same rise this time (2000% this time) which means expecting the same behavior (even if it happens) is unreasonable.
Today I couldn't believe it when I saw:
17% drop to get worse I read the news:
1 - Binance suspends Bitcoin withdrawals — CZ says funds are ‘SAFU’
2 - Celsius exodus: $320M in crypto sent to FTX, user withdrawals paused
3 - Binance.US faces class-action lawsuit over LUNA and UST sale
4 - Binance.US faces class-action lawsuit over LUNA and UST sale
well, it seems to me that the issue is not a bear market, we are facing problems created by altcoins that are dragging bitcoin along to the hole
17% drop to get worse I read the news:
1 - Binance suspends Bitcoin withdrawals — CZ says funds are ‘SAFU’
2 - Celsius exodus: $320M in crypto sent to FTX, user withdrawals paused
3 - Binance.US faces class-action lawsuit over LUNA and UST sale
4 - Binance.US faces class-action lawsuit over LUNA and UST sale
well, it seems to me that the issue is not a bear market, we are facing problems created by altcoins that are dragging bitcoin along to the hole
You're looking at it the wrong way, if you ask me.
Bitcoin's value and its rise in value was completely unaffected if you considered the real value not the additional altcoin value that was added to it.
Sure, the price of Bitcoin went skyrocketing thanks to altcoins way faster than it would have alone, by itself. But even if we lose every altcoin we are still left with crypto's (ironically) instrinsic value. Bitcoin.
So all we are seeing is a deflation of short term value. Long term, Bitcoin is still going up.
bitcoin winter??
-snip
so i would say we are in spring right now. leading to summer.. right before the tourists (FOMO's) come in and pick the economy up again
-snip
so i would say we are in spring right now. leading to summer.. right before the tourists (FOMO's) come in and pick the economy up again
I meant Crypto Winter,
yeah, spring for Bitcoin but almost all altcoins already broke and gone below 2017 ATH.
-snip-
well, it seems to me that the issue is not a bear market, we are facing problems created by altcoins that are dragging bitcoin along to the hole
well, it seems to me that the issue is not a bear market, we are facing problems created by altcoins that are dragging bitcoin along to the hole
The news shouldn't be able to make a FUD for bitcoin, because it's Binance problem, not bitcoin problems. After all, pausing withdrawals is only temporary to fix the system, should now be able to make withdrawals again. So, we can't say the crash today because of this case. Then the Celsius problem, this 9,000 BTC sale may have an effect on price movements, because if they sell all at once, there will be an instant price drop. but still, not strong FUD i think.
bitcoin winter??
for every buyer is a seller and every seller is a buyer.. one persons winter is another persons summer
using retail analogy
right now its discount season. cheap coins for buyers because sellers are getting rid of their old cheap stock that they have been hanging onto for too long and want to get rid of it
in retail autumn/winter. its where prices are on the seasonal rise and people are in a mad rush to buy stuff right before the holidays.. (doesnt sound like bitcoins current situation)
retail winter is where you see the ATH
after that is the january/spring sales. where the prices come down and everyones looking for a discount
bitcoin prices are in the discount position for buyers.
retailers(seller) make their money in winter and get rid of their stock in spring. ..
so i would say we are in spring right now. leading to summer.. right before the tourists (FOMO's) come in and pick the economy up again
for every buyer is a seller and every seller is a buyer.. one persons winter is another persons summer
using retail analogy
right now its discount season. cheap coins for buyers because sellers are getting rid of their old cheap stock that they have been hanging onto for too long and want to get rid of it
in retail autumn/winter. its where prices are on the seasonal rise and people are in a mad rush to buy stuff right before the holidays.. (doesnt sound like bitcoins current situation)
retail winter is where you see the ATH
after that is the january/spring sales. where the prices come down and everyones looking for a discount
bitcoin prices are in the discount position for buyers.
retailers(seller) make their money in winter and get rid of their stock in spring. ..
so i would say we are in spring right now. leading to summer.. right before the tourists (FOMO's) come in and pick the economy up again
well, it seems to me that the issue is not a bear market, we are facing problems created by altcoins that are dragging bitcoin along to the hole
Although those articles are bad, it's nothing we haven't seen before. During a bear market last time (before this one) there were multiple scams and ico lawsuits revealed monthly. And while back tracking stolen funds wasn't as effective, and working with police or regulators was pretty rare.
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