BITCOIN BULL MAY BE IN TROUBLE - page 4.

Jating

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Quote from: Kadal Ijo on May 15, 2023, 12:32:49 AM

Until now nothing big has happened in May, in fact the downward trend continues and there is a chance the price will fall below $25k, of course this is a good consideration to buy when the price is cheap, don't miss the opportunity to buy when the price is falling.

I don't know if you check the price yet because it seems that we are seeing a good pump starting this Monday. We have seen the price going as low as $26,500. But as of time time, the price is $27,272 and most likely the price will try and attempt to break $27,500 or $28k perhaps this week.

If that is the case then it's good to see that the bulls has somewhat regain the market. So can also look at the mempool, fees are started to go back to normal as well, no more high fees that most of us complaining. So most likely that is the case here, bitcoin investors are going back to the market as fees are no affordable as at least.

Kadal Ijo

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Until now nothing big has happened in May, in fact the downward trend continues and there is a chance the price will fall below $25k, of course this is a good consideration to buy when the price is cheap, don't miss the opportunity to buy when the price is falling.

wxa7115

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Quote from: Rasa nanas on May 14, 2023, 12:05:40 PM

there is a lot of speculation about why bitcoin prices go up or down because everyone has different thoughts or opinions. but I don't really think about that because I'm a long term investor. i am sure that whatever happens with bitcoin at the moment will not affect the future price of bitcoin, the price of bitcoin in the future will continue to reach much higher ATH.

While finding the reasons about why something happens has its own merits, at the same time it is one of those things which is not really necessary to become profitable in any market.

What matters is what is actually happening, so if the price is going down then it does not really matter much why that is happening, what matters is that you take the right decisions at the time so you make money, or at least you do not lose a lot of it, only after those goals have been achieved then you can wonder about the reasons behind the movements of bitcoin.

n0ne

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The market will move of its own unlike the external disturbance. This is the goodness with the market. Bitcoin used to have its bullish and the bearish move vary all of the sudden. With halving we can expect the market to be bullish around the close days. For now the market doesn't look like a troubled one, because it is moving on its own track and it isn't influenced.

For a long it wasn't able to have strong resistance to move high crossing specific barriers. The recent one being the market trying to cross $30k, but it keeps failing. For now it is in a move between $26k - $29k. This too can be stated as the impact of upcoming halving. Because after reaching high value it is hard to experience bullish move at the time of halving. So, now the market is slowed down and waiting for the bullish move.

mbakruroh

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Quote from: Sidra101 on May 06, 2023, 10:27:23 PM

According to what's happening in the market today., Bitcoin's value has changed a lot in the past, still going up and down quickly. Recently, it reached a really high value in April 2021, but then went down a lot in May 2021. There are different reasons for this, such as concerns about the environment and government rules. Some people think that in the short term, the price could still go up and down a lot because of different things like the economy and what people think. It's hard to know for sure what will happen, so people who want to invest in Bitcoin should be careful and think about the risks and rewards before doing anything because the Bull market may be in trouble.BTC

Do you want to compare with the condition of Bitcoin now? You're talking about 2021, of course we can compare things to happen in the future bull run. But on the other hand, we cannot compare with 2023, it is a few steps behind in terms of crypto analysis. If we look at conditions in 2021, of course this will see the market for 2024, and we must also compare with previous years so that we can draw the right conclusions from the analysis we are doing.

DiMarxist

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the market will remain to fluctuate and it is highly unlikely that the btc market will not be stable to function as currency.I will still use bitcoin because bitcoin can never be stable. Apart from the prospects of benefitting from bitcoins through investments, there are other uses of bitcoins that still stand out and provide massive benefits. The market merely represents demand and supply, and it is volatile, but no procedures can be followed to make it more stable. That's why they view bitcoin as riskier than other assets. Price correction occurs in every ATH. Bitcoin's previous ATH happened in 2021. We are currently in 2023 and we are still waiting for new ATH to arrive. The price of bitcoin in the future will continue to reach a new ATH.

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Quote from: BTCGalaxyA12 on May 14, 2023, 12:09:19 PM

Sometimes many people misunderstand Bitcoin when the price is dropping. Even though the way to understand Bitcoin is quite easy by carrying out simple actions without having to get too bothered by excessive circumstances.
In my opinion, DCA is still very powerful to implement.

I don't think it's that simple. You know that in the free market you can never find a trader who has the same skill, knowledge and experience about bitcoin. You will surely find them panicking when the market corrects or you may find them increasing their selling interest when the price increases. Look at how easily the market changes even when the price is trying to recover, but of course it is influenced not only by retail traders but also by some other big traders and investors.

DCA, of course, that is the recommended strategy. In practice you need a budget, but I really doubt that anyone can implement such a strategy in their investment plan consistently, unless your budgetary resources are really strong. Even I will never have consistency about DCA, it is influenced by my income and expenses every month.

AnonBitCoiner

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Everyone who makes investment in Bitcoin will definitely have knowledge about its risks and rewards and those who are not familiar with this fact will not have too much knowledge so its important to first enhance your learning ability. Making investment is not important but learning before Initiation is important because taking step blindly will not make you successful.

Bitcoin or even any other coin cannot stay at a same price ever so its obvious that sometimes there will be increase in worth and sometime the market will be opposite according to our understanding so always remember that a person's success is achievable only if he has the ability to go through the situations wisely.

crwth

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I think that's just natural. I do hope that it could lead to another ATH and then we could be enjoying what we have earned. When we are on the part of the climax where we are going to reach the ATH again, that's probably another indication to have more of it or maybe sell if you need it. It's hard to really predict the movement of the market.

BTCGalaxyA12

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Quote from: rhodelmabanal on May 13, 2023, 08:40:44 AM

Sometimes bitcoin is maybe in trouble a lot of bad and good news with regards to crypto currency change the volume of investors that wanted to buy and hold btc. That is why we will always saw ups and down market trend but it is normal in the eye of the expert, they earn from the mistake of others they always buy the dip and wait for the bull season to dump with profit think of it

As long as the main problem is not in our minds. Just enjoy it.

Make it a moment to strengthen Bitcoin ownership by increasing the amount in the asset portfolio.
Understanding Bitcoin price history can be a comparison to find out when is the right time to buy, hold and sell.

Sometimes many people misunderstand Bitcoin when the price is dropping. Even though the way to understand Bitcoin is quite easy by carrying out simple actions without having to get too bothered by excessive circumstances.
In my opinion, DCA is still very powerful to implement.

Rasa nanas

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there is a lot of speculation about why bitcoin prices go up or down because everyone has different thoughts or opinions. but I don't really think about that because I'm a long term investor. i am sure that whatever happens with bitcoin at the moment will not affect the future price of bitcoin, the price of bitcoin in the future will continue to reach much higher ATH.

Yatsan

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Actually, the anticipated Bitcoin halving does not assure a bull trend, the only teason why uptrend is associated with halving is because of what happened from the previous one. But with Ethereum fork, it wasn't as huge as with Bitcoin's which somehow supports the idea of lack of certainty with price movement to what is anticipated. Inspite of high hopes, manage still the risk of expecting that much. We are in crypto industry and nothing is certain here. We may only assume but to be hookep up with those expectations will never be advisable. As OP havee mentioned, pattern was broken already by this year's price movement. For now being patient is all we can do until that 'thing' happen.

maydna

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Quote from: Wend on May 13, 2023, 11:11:48 AM

Quote from: maydna on May 13, 2023, 10:43:26 AM

Quote from: rhodelmabanal on May 13, 2023, 08:40:44 AM

Sometimes bitcoin is maybe in trouble a lot of bad and good news with regards to crypto currency change the volume of investors that wanted to buy and hold btc. That is why we will always saw ups and down market trend but it is normal in the eye of the expert, they earn from the mistake of others they always buy the dip and wait for the bull season to dump with profit think of it

Market conditions will always go up and down, and we, as bitcoin investors, must be prepared for all situations and conditions. We can use the downward moment by buying bitcoins and the upward moment by selling (if we want to sell at that time). If not, we can keep holding it until the bull run comes so that our profit will increase.

Good and bad news will always come and go, making many people worry about the declining bitcoin price. But it's not necessary because if we have strong hands to hold bitcoin in times of decline, we won't worry because, in the end, the price of bitcoin will surely rise again.

The market will always fluctuate, we cannot expect the market to go up forever or fear the market to go down forever, that never happens. As long as we always have a plan for both scenarios, we don't really mind when the market goes up or down. As a long term holder, I expect bitcoin to fall more than to rise because falling prices will help me buy bitcoins cheaply, so there is no reason to fear seeing the market down. To get the best profit, we need to buy low and sell high, so a bear market is a good thing.

It's okay if bitcoin falls more than it rises because when the time comes, the rise in bitcoin can be higher than before and will give us big profits. And as bitcoin holders, we don't have to worry about market volatility because if we can use it to our advantage, it will be an advantage. After all, we can buy bitcoins at low prices and hold them. And I agree that we have to have a plan for both scenarios to adapt to the situation and use it to our advantage. And if the people out there aren't prepared for whatever happens with the market, we have the advantage because we can put it to good use.

JoyMarsha

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Is the recent downward movement of bitcoin price that you notice what is putting the crypto bull in trouble? Before bitcoin soars in value, it is common for Bitcoin to experience a downturn moment price for some time. Many crypto investors would even anticipate that the price of bitcoin will continue to decline so that they can buy more and wait patiently for a bull run to happen, knowing for sure that every price decrease in bitcoin serves as an opportunity to grab more bitcoin that will pay up hugely in the bull run.

When the price of bitcoin sharply drops, you should either buy more bitcoin or, better yet, use the DCA approach. Don't assume it is a troubled time for bitcoin but rather a best time

bangjoe

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Quote from: rhodelmabanal on May 13, 2023, 08:40:44 AM

Sometimes bitcoin is maybe in trouble a lot of bad and good news with regards to crypto currency change the volume of investors that wanted to buy and hold btc. That is why we will always saw ups and down market trend but it is normal in the eye of the expert, they earn from the mistake of others they always buy the dip and wait for the bull season to dump with profit think of it

That is common as far as I know Bitcoin, the problem will always be on the journey or every cycle, and things like FUD are not strange anymore if you know Bitcoin longer.
Yes it is the schematic of those who have a lot of experience, buy when the decline and sell it when it is worthy of getting enough profit, so the way they take profit in the near or long term in Bitcoin.

Quote from: Semar Mesem on May 13, 2023, 09:32:15 AM

In May there has been no good movement, instead the price continues to decline and now it is around $ 26k, many factors make it difficult for the month of May to rise, according to predictions from many experts that many people need cash because to pay debts and also take safe steps and avoid high risk because the market is very volatile.

The economic situation that is still in the question and trialing is now a risky asset to be very fluctuating, and I think fluctuations in Bitcoin have indeed become a spice in the friendship of a Bitcoin investor and I admit that this year the fluctuations are quite extrime.
And yes FUD that is being talked about today is a dense bitcoin network that causes the cost to be expensive at the Bitcoin network so that many whale consider it an attack on the Bitcoin network.

doomloop

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Quote from: o48o on May 12, 2023, 08:21:27 AM

What an earth are you talking about? That doesn't have any information. "Price is movin up and down"? And you are basically saying that bitcoin bull may be in trouble or may not.
Everyone knows this. It's called market conditions. No one can predict them 100%. Only thing worth talking about here would be "environment and government rules", but this is not news, it's been processing for a LOONG time now.

This just sounds like you would like to scare people but don't have anything concrete to back it up with. I would say that we have best fundamentals since the start of the Bitcoin. People who are scared now would have never ever holded from 2015 or before that.

Government rules and environment have always been a part of Bitcoin's journey since its inception and when it started getting popular, governments started acting since they sensed a threat in Bitcoin for their traditional financial institutions that they use to keep an eye on the financial activities of their citizen and that has been going on for centuries.

And now things like these aren't surprising anymore and people don't take them as seriously as they used to before because everyone used to think Bitcoin will die if governments start opposing it but that's been proven irrelevant.

eaLiTy

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Quote from: Sidra101 on May 06, 2023, 10:27:23 PM

~
There are different reasons for this, such as concerns about the environment and government rules. Some people think that in the short term, the price could still go up and down a lot because of different things like the economy and what people think. It's hard to know for sure what will happen, so people who want to invest in Bitcoin should be careful and think about the risks and rewards before doing anything because the Bull market may be in trouble.BTC

The rules are getting stricter and the exchanges are facing the heat from the regulators but how come it will have an affect on the price and the environment fanatics are crying about mining for sometime and those things will not affect the price.

There was a network congestion when BRC-20 started clogging the network and hence the transaction fees started to rise and that is the main reason for the recent correction as far as i understand.

Wend

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Quote from: maydna on May 13, 2023, 10:43:26 AM

Quote from: rhodelmabanal on May 13, 2023, 08:40:44 AM

Sometimes bitcoin is maybe in trouble a lot of bad and good news with regards to crypto currency change the volume of investors that wanted to buy and hold btc. That is why we will always saw ups and down market trend but it is normal in the eye of the expert, they earn from the mistake of others they always buy the dip and wait for the bull season to dump with profit think of it

Market conditions will always go up and down, and we, as bitcoin investors, must be prepared for all situations and conditions. We can use the downward moment by buying bitcoins and the upward moment by selling (if we want to sell at that time). If not, we can keep holding it until the bull run comes so that our profit will increase.

Good and bad news will always come and go, making many people worry about the declining bitcoin price. But it's not necessary because if we have strong hands to hold bitcoin in times of decline, we won't worry because, in the end, the price of bitcoin will surely rise again.

The market will always fluctuate, we cannot expect the market to go up forever or fear the market to go down forever, that never happens. As long as we always have a plan for both scenarios, we don't really mind when the market goes up or down. As a long term holder, I expect bitcoin to fall more than to rise because falling prices will help me buy bitcoins cheaply, so there is no reason to fear seeing the market down. To get the best profit, we need to buy low and sell high, so a bear market is a good thing.

maydna

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Quote from: rhodelmabanal on May 13, 2023, 08:40:44 AM

Sometimes bitcoin is maybe in trouble a lot of bad and good news with regards to crypto currency change the volume of investors that wanted to buy and hold btc. That is why we will always saw ups and down market trend but it is normal in the eye of the expert, they earn from the mistake of others they always buy the dip and wait for the bull season to dump with profit think of it

Market conditions will always go up and down, and we, as bitcoin investors, must be prepared for all situations and conditions. We can use the downward moment by buying bitcoins and the upward moment by selling (if we want to sell at that time). If not, we can keep holding it until the bull run comes so that our profit will increase.

Good and bad news will always come and go, making many people worry about the declining bitcoin price. But it's not necessary because if we have strong hands to hold bitcoin in times of decline, we won't worry because, in the end, the price of bitcoin will surely rise again.

Semar Mesem

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In May there has been no good movement, instead the price continues to decline and now it is around $ 26k, many factors make it difficult for the month of May to rise, according to predictions from many experts that many people need cash because to pay debts and also take safe steps and avoid high risk because the market is very volatile.

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