Topic: Bitcoin Breakout - page 2. (Read 692 times)

Based on what are  you predicting all these? You should add facts or at least something to back your claims. Or else you are just randomly spitting numbers and saying that the price will go up. Everyone can do that. In fact most of those clickbait videos you watch on Youtube does the same. The market is very volatile and unpredictable. You can never accurately guess when the price will breakout or when it will start falling. If you invest based on those claims, then you will be risking yourself a lot. Instead, just keep on investing as much as you can afford to lose and hold for long term.

Question; Were you around when bitcoin went from $ 200 to $ 1200 in less than a month, or from $ 1200 to $ 19,500, or from $ 10,500 to $ 63k, etc., etc., etc.? You compare crypto with stocks and even commodities, and yet you admit that none of them have ever done anything like that again. Guess what, bitcoin did.


Sure thing, Mr. Schiff! 

I am going to make a statement that is not particular to Bitcoin but particular to my 47 years of experience in the market (stock and commodities).

It is 'highly" unlikely that Bitcoin will reach $100,000 this year or even next. Some new things when they come out do have big moves (like Bitcoin did originally) but once the newness washes away (as it had done with Bitcoin), going up is normally done on a slow basis. There are no more surprises occurring and no more "rush" to buy Bitcoin. Going down is always fast on all occasions, but going up when the newness is over, it much like the pace of a turtle.

I have seen this happen thousands of times with stocks and even commodities and very very few times have I seen the opposite.

I was there when Gold went from $180 to $900 in a few years. When Silver went from $5 to $50 in a couple of years. When W went from $20 to $350, etc., etc., etc. None of them have ever done anything like that again. For Bitcoin to double in price (if and when it does), it will take a good 2-4 years for it to happen.

Get off that cloud and join the real world. The silver lining is gone now.

If you had gotten out at $60,000, you could have bought 4 times more at 30,000 (instead of twice more) with the same amount of money. Wouldn't that be nice?

The break out is a welcome development to those that exercise patience not to sell when the price of bitcoin was $38,000 than to hold to see a bright future.  Now that the price of bitcoin has break out to $46,000 few days ago for traders to get ready for Massive pumping that is about to take place in crypto trading for investors to start earning something good from the market. It will be difficult for bitcoin price to decrease in this period of profits making than to increase higher for traders to use the opportunity to recover all their losses they experienced last year December 2021.

It's not, it's really not that hard to time it at all. When you see the price hit 68k, then drop to under 35k, you KNOW that it is a low price, you are 100% sure that it s a low price. We are talking about a 50% drop and you are not certain? Price reached from the top to 50% lower and at that point even if it is not "the bottom", like even if it could go down more, it is guaranteed that you are buying it a lot cheaper than you otherwise could during hyped days.

If you didn't, and if you missed out because you waited for even lower, that is on you but there were many of us who knew that the price would go up from there, even if it went lower at first, it would have been higher eventually and we bought it at that level.

It depends, if you are a trader then this is something unacceptable, as it is going to be impossible for anyone to recover from such losses, at most you should lose 1% in each one of your trades, however if you are a long term investor and the asset which you have selected is solid then such a drop is within the acceptable range, I know that many people would flinch under such a drop but if you have being invested in the asset for the long term then most likely you could still be in profits despite such drop.

But it's very difficult to time it and to know where in the dip so that we can buy a lot. So far the breakout is finished already, it's not fake break out but rather we may have reached it's top around $48,000. And now we are in a correction, although it's just the beginning of the month and many things can happen specially in the 2nd-3rd, so I will wait for that time frame and hopefully we can get into that $50,000 zone.

It would be nice if you want to make a purchase in the break out zone, we wait for confirmation or we wait for the price to retest again at the broken support level. Do not rush to buy, it is to anticipate market manipulation. If there is confirmation that BTC is going up, then the next target will be testing the resistance zone at 50K.

Do you mean that the bitcoins I have been buying every since they were worth $200 are now dumped down to be $40,000. Oh no I lostgained +19900%

But in all seriousness, what you are talking about only concerns day traders who rely on making profit on short term swings and if they didn't sell above $60k they have been doing it wrong. And if they sold but didn't buy back at the bottom they are doing it even more wrong!
For the rest of us who are investing in bitcoin and believe in its long term potential while ignoring the short term silliness in the market, dropping down 50% means we can buy twice the amount of bitcoin we could before with the same amount of money.

Imagine that with all the inflation and everything you can only invest $100 from your paycheck into bitcoin. If price remained above $60k you could only buy 0.0016BTC but at a 50% discount you can buy 0.0033BTC which is a fantastic deal.

That's why we need to analyze separately regarding investment, because this investment is an absolute decision that we make, but it must be based on a good analysis and consider some of the risks that will arise in the future, bitcoin can be purchased under any conditions in my opinion, because bitcoin can increase very quickly at any given time, bitcoin's volatility is very good for now, so don't worry about buying it

correction or not, people have the chance to make a decision whether to invest or not before we see the btc price going up again. as the probability of going to 50k is very high, it is high time to decide on whether to invest some of your extra funds to this market. don't wait too long, because the movement is quite fast. but of course, up to your capability here. don't listen to other's people opinions because it is your own instincts and financial capability that matters at the end of the day.

it remains on volatility, we'd see the price of Bitcoin at $47k but now, a correction been occurred and down to $45k upon checking recently (not an April fool I think). It is way not to see a stable price rise but hoping this 2nd quarter could be seeing such a consistent uptrend motion. I've been predicting Bitcoin to reach back $50k this 1st semester and I really see the positive look in the market.

Well, it seems that April is not good as corrections come but this can be a way to give to those who want to invest.

I don't know, bitcoin price is getting weaker, I think the most that the we can get in. this run is $48k. Because after we touch that, the price simply goes down a bit for now, at lower $47k.

So I guess the breakout could have been hit a wall now, maybe temporarily. But still good to at least see the price going above $45k and hopefully we can maintain it all along in April as usually April is not a good month for us.

if you know what strategy and risk you are entering then there is no problem losing 50% because in long run this is still profitable.

Like those who hold their Folio from 2017? when the price of Bitcoin climbed up almost 20k and then 2018 drops more than 50% but look how much increased after 4 years?

if you are for long term holding then you know what are you dealing here.

I agree, we have seen this last time around when the price failed to break 20k for many times in a row, went closer and went down and repeated that in cycles. However, it eventually cracked above that and reached 64k as we all know it. We could be in the same situation right now as well, we could be failing to go above 50k right now, fail to do that in repeat a few times, but then we could break above that and reach to a new all time high again.

I am not sure why people are s pessimistic about the price of bitcoin so early. We barely got from 42k to 47k levels, it is not a time to stop and we should be looking for a lot higher before we consider the next crash.

Market conditions are almost completely back on the green path, but we need to be careful with conditions like this, to make a purchase, I think at the time of correction it can also be done for bitcoin, because as we know, the recovery process for bitcoin will definitely happen, the difference is that for now we don't need to be worried anymore in making purchases, but actually purchases of bitcoin can be done anytime

I agree with you that Bitcoin is now in its current state and will cross $50k in the next few days.bI am very optimistic and hope this is what will happen. If you notice this too, you will understand that the price of all other coins is going up a lot. This means we hope to see a better breakout in a few days.

Not me, I didn't make a sell above $60,000. At that time, I was really convinced that the price of Bitcoin would finally hit $100,000. I really believed that a six-figure price would be happening in that year 2021. Of course we all know I was wrong but I didn't really regret having hodled my Bitcoin. Of course it would have been better had I sold near the ATH and bought back at $30,000 plus, but I don't really sell simply because an ATH is reached.

Don't worry about a drop in paper value. It will surely rise again. A new ATH is incoming.

Actually, everyone has their own methods and strategies to be able to make a profit when investing in Bitcoin. So if there is a trader who makes
a cut loss when the Bitcoin price drops, it's probably he doesn't want to experience a bigger loss, and maybe for the trader it can be easier to cover
the losses they experience. This means that doing a cut-loss can be a good strategy if they plan well too.

But because Bitcoin is a safe asset in my opinion. Where the price tends to continue to rise in the long term, so for investing in Bitcoin I prefer
a gradual buying and selling strategy. I think the most important thing when deciding to invest in Bitcoin we really have to be patient,
because making a profit from Bitcoin can not be instant. Therefore Bitcoin is very good as a long-term investment, meaning we don't need to rush
to sell our Bitcoins if the price drops. Although our asset estimates appear to be declining, but as long as we don't sell it we haven't suffered a loss.

Conclusion let's appreciate different strategies and methods with ours, because everyone is free to use the method he finds effective. I agree that
for now we need to monitor Bitcoin movements first, because Bitcoin movements are still difficult to predict. We don't know after rising above
the $45k price, the Bitcoin price will continue to rise to the $50k price, or even go back down again. We must always remain vigilant and be prepared
to take the decisions we think are good based on Bitcoin price movements.