bitcoin fall below $20000 , it's a messy thread. - page 2.

MoonOfLife

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Quote from: Nrcewker on March 10, 2023, 08:29:12 AM

Quote from: UserU on March 10, 2023, 02:48:36 AM

Oh, finally a time to buy!

Thanks... Silvergate? Grin

Yes thank God, someone finally thought the best of the current situation. Everyone I see, are panicking due to the price drop. I mean it’s obvious that the price will sometimes go up, and sometimes down. But instead of utilising the time, many are complaining. Currently Bitcoins are available in the best price. So without wasting for better moment, I would suggest everyone to buy as many coins as they can. Buy it now and hold for few weeks, then sell the coins when the price recovered. And at last don’t be tensed always with the price.

Why sell it after a few weeks and not hold it until the new bull season? Speculation in the short term will not bring high returns and is too risky. What if this is the last drop, and bitcoin will never drop in price again? If you have the opportunity to buy now, hold until the bull season comes to make more profit.

OgNasty

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Quote from: UserU on March 10, 2023, 02:48:36 AM

Oh, finally a time to buy!

Thanks... Silvergate? Grin

I’ve been saying this will be the last dip to buy, but I’ll admit I’m a little concerned about the state of global investments right now. It looks like if we are due for a massive recession, it has begun. Now is the scary part where we wait for the government to realize we’ve overcorrected and they’ll need to apply stimulus to save people. So it’s all eyes on policymakers which with Biden in office trying to double people’s taxes overnight is a scary situation.

michellee

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Bitcoin downturns are a good time to buy as much bitcoin as possible, but we also have to remember that we buy what we can afford. Do not use the money for daily needs because it can make it difficult for you to survive.

Right now, we have more discounts on buying bitcoins and while we still have the chance, we must use it before it's too late. Don't wait any longer to buy because you won't know when the price will get a reversal. And after touching $19k, the price started to increase again and now bitcoin is back at $20k. But we must be vigilant because bitcoin can return to low prices again.

LogitechMouse

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After FTX, we now have Silvergate as the first to do it this year. Cheesy

I'm laughing on how the people are reacting with this kind of events. There are some who are worrying about what happened. There are some like me who are just sitting here and doing nothing and TBH, I'm not looking at the crypto charts for I think around 3-4 days already and there's some who's also like me that are taking this opportunity to buy more Bitcoin now that it's on sale "again".

After what happened, I wonder how will Bitcoin end the week. Will it finish the week below $20,000, or we might see a rebound towards Bitcoin's price. If you don't have spare cash, just do nothing for now. Sometimes, doing nothing is better than doing something.

Nrcewker

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Quote from: UserU on March 10, 2023, 02:48:36 AM

Oh, finally a time to buy!

Thanks... Silvergate? Grin

Yes thank God, someone finally thought the best of the current situation. Everyone I see, are panicking due to the price drop. I mean it’s obvious that the price will sometimes go up, and sometimes down. But instead of utilising the time, many are complaining. Currently Bitcoins are available in the best price. So without wasting for better moment, I would suggest everyone to buy as many coins as they can. Buy it now and hold for few weeks, then sell the coins when the price recovered. And at last don’t be tensed always with the price.

Accardo

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Quote from: indah rezqi on March 10, 2023, 06:15:07 AM

Quote from: KingsDen on March 10, 2023, 04:28:19 AM

But any movement below 20000 dollars will create some panic that may pull the price below 15,000 dollars, which is not good for businesses and investments in cryptocurrency.
Yes, it's time to accumulate, but how about those that has accumulated and waiting for a rise.

I also expect $20K to be strong support, however a drop to lower support is also likely to be expected.
Now it's worth holding on and don't panic, take some more honey in weak hands and let's see what happens after. I'll try to do the accumulation as best I can, this seems like the right time.

It's a good time for the accumulators and tough moment for those who have accumulated. I feel bad seeing my assets dropping real quick, though I know it'll bounce back to normal, but I may not be convinced to accumulate now. Looking at the fast paced drop in price, bitcoin would go below 18k like before, then accumulation would be a better idea to balance losses. Lots of users would sell during this period and it'll affect the price negatively. Hoping to see a bounce back soon.

Durabolin

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In my opinion, the reason bitcoin is not in a very good position is because of the western countries. If Bitcoin price is in a pumping position one week, the very next week, its horizon moves to a dumping position. Especially the Western countries are holding Bitcoin. But I think it should be put on hold for now.

jayce

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Quote from: UserU on March 10, 2023, 06:07:16 AM

Quote from: jayce on March 10, 2023, 05:53:51 AM

That what makes bitcoin is completely different from other kind of investments or assets, where you could gain profit overnight and lose its value in the next day. Obviously all of us want it to be more stable, but since there are no government nor foundation back its value, then no one can guarantee it but yourself. That's why we are expected to not invest all of our wealth to one asset only. Gold is always the best choice for a stable asset option.

Funny that people often advocate for Bitcoin as an asset free from government and market manipulation, yet we're seeing the total opposite Wink

For some point yes, though we could also see government banning bitcoin, and yet their people still can own and use it Wink

Quote from: Pandji02 on March 10, 2023, 06:06:46 AM

True, I'm waiting for the best moment to buy Bitcoin now, because I don't think it's gonna break $20K soon again. Don't want to miss on this opportunity.

Usually we will wait the bottom price to buy bitcoin, but when it reaches the line, we are now in doubt and wondering if the price can be lower, and while we are waiting to take the right decision, its price bounces up and we are already too late to hop in.

indah rezqi

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Quote from: KingsDen on March 10, 2023, 04:28:19 AM

But any movement below 20000 dollars will create some panic that may pull the price below 15,000 dollars, which is not good for businesses and investments in cryptocurrency.
Yes, it's time to accumulate, but how about those that has accumulated and waiting for a rise.

I also expect $20K to be strong support, however a drop to lower support is also likely to be expected.
Now it's worth holding on and don't panic, take some more honey in weak hands and let's see what happens after. I'll try to do the accumulation as best I can, this seems like the right time.

UserU

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Quote from: jayce on March 10, 2023, 05:53:51 AM

That what makes bitcoin is completely different from other kind of investments or assets, where you could gain profit overnight and lose its value in the next day. Obviously all of us want it to be more stable, but since there are no government nor foundation back its value, then no one can guarantee it but yourself. That's why we are expected to not invest all of our wealth to one asset only. Gold is always the best choice for a stable asset option.

Funny that people often advocate for Bitcoin as an asset free from government and market manipulation, yet we're seeing the total opposite Wink

Pandji02

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Quote from: d3nz on March 10, 2023, 04:26:13 AM

Lots of speculation and FUDS all over the world, and of course taking advantage of the crypto market while in a dip is really good.

And I think that BTC will go collapse below $17k, Daily and Weekly timeframes really confuse us but still, it is an opportunity for us to hoard and buy while we can before the bull run runs again.

True, I'm waiting for the best moment to buy Bitcoin now, because I don't think it's gonna break $20K soon again. Don't want to miss on this opportunity.

jayce

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Quote from: KingsDen on March 10, 2023, 04:28:19 AM

To be honest with you. I am no longer comfortable with the movement of Bitcoin, although I already know that bitcoin is cyclical in nature, but most tmes I do not wish that it happens because we do not expect it when it happens.
It would have been fine if bitcoin had a strong support at $20000. Whatever cyclic movement it is making it should go above 20,000 and do not come below 20000 dollars. This will give us the resurging confidence to continue.

But any movement below 20000 dollars will create some panic that may pull the price below 15,000 dollars, which is not good for businesses and investments in cryptocurrency.
Yes, it's time to accumulate, but how about those that has accumulated and waiting for a rise.

That what makes bitcoin is completely different from other kind of investments or assets, where you could gain profit overnight and lose its value in the next day. Obviously all of us want it to be more stable, but since there are no government nor foundation back its value, then no one can guarantee it but yourself. That's why we are expected to not invest all of our wealth to one asset only. Gold is always the best choice for a stable asset option.

Ultegra134

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Quote from: crypticj on March 10, 2023, 03:22:20 AM

I told you guys before and I will tell it again. Unfortunately, we are STILL expecting the bottom. If we will look at the inflation, what FED is saying, and the economic situation in general, it looks like something will break down soon. Everything is still kinda bad and it won't get any better until FED will start lowering rates.

So I still recommend everyone to not go all in on bitcoin or any crypto until we will see signals that the economy will get better from now on. DCA is still a good idea like always, but be careful when you choose at what price to start DCAing.

Be safe, bros.

I just noticed that the market has crashed again; I hadn't bothered to check for over 3 to 4 days. I also supported your opinion until I saw Bitcoin trending at $25,000, thinking that it was unlikely but not impossible to go below $20,000 again, but I was certain that it wasn't over. Now, I'm positive that there's still a possibility to see a new bottom for Bitcoin. The economic situation hasn't gotten any better, and inflation is still soaring around the world. Whether we like it or not, we still have a long way to go before we can expect a possible recovery; one or two years is the bare minimum.

coolcoinz

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Quote from: cafter on March 10, 2023, 01:00:42 AM

https://imgur.com/a/ThcdvWN
when i trade for short term this type of dramatic big red and green candles give me so thrilling experience,(when the trade is going in my way also in opposite and also when i m not in that trade Grin

)

Then either stop trading short-term, or learn to deal with it. Most traders get wrecked in this market because it's heavily manipulated and there are people with more money who just watch leveraged position to crush them and make a profit. They saw another hawkish FED move and a lot of uncertainty among traders because there was no trading volume last week, so they crashed it.
It doesn't matter for the long run because bear market is going to end next year with their manipulation, or without it, but for now there's nothing we can do about it.

Quote

many of you who trade experienced it no? it's also like gambling thrill but here we can control our loses in gambling all our funds are at risk.

I hold bitcoin for years and I don't feel any risk. It's going up at some point and whether I have to wait 2 months or 2 years doesn't matter.
The risk would be only if I was willing to sell it cheap out of fear.

franky1

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Quote from: bettercrypto on March 10, 2023, 05:04:13 AM

Quote from: UserU on March 10, 2023, 02:48:36 AM

Oh, finally a time to buy!

Thanks... Silvergate? Grin

I don't think Silver gate is the reason because as far as I know they volunteered to be happy.

first we had the FTX contagion last year. then this week we have the silvergate/stablecoin contagion

there are some whales doing futures that want to keep the price at or above $20k so they will try to fight on spot markets to keep the price up around that area for a week to then end above $20k
but lets see how the futures whales can fight the silvergate contagion of spot markets vs futures bets

could be an interesting week

bettercrypto

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Quote from: UserU on March 10, 2023, 02:48:36 AM

Oh, finally a time to buy!

Thanks... Silvergate? Grin

Yes, it may be time to buy bitcoin now even in other altcoins such as Matic, Shib, Bnb, shibdao, and others.

Then I noticed that op seems to have a deep knowledge of crypto trading, he has an idea and knows how to read a graph as well if I base it on the illustration he made here. And apart from the fall in the value of bitcoin, I don't think Silver gate is the reason because as far as I know they volunteered to be happy.

franky1

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Quote from: cafter on March 10, 2023, 03:36:21 AM

maybe i am wrong,
but BTC corelated with USA Indexes like S&P 500,nasdaq,etc
BTC:
https://ibb.co/72XF7x6
Nasdaq:
https://ibb.co/jfmF2Jp
S&P 500:
https://ibb.co/F4ZYcqp

no
whats happening is all markets correlate with "end of tax year"

the tax effect of that end of year caused all markets to start with a fresh start entering into january

europe africa south america. middle east, asia all have tax tears ending at the end of december
so thats billions of people shuffling funds to end the year at the right valuations for tax purposes

KingsDen

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Quote from: cafter on March 10, 2023, 01:00:42 AM

https://imgur.com/a/ThcdvWN
when i trade for short term this type of dramatic big red and green candles give me so thrilling experience,(when the trade is going in my way also in opposite and also when i m not in that trade Grin

)
many of you who trade experienced it no? it's also like gambling thrill but here we can control our loses in gambling all our funds are at risk. for fun and entertainment trading is boring because we need to wait for patterns.
what are your thoughts is it good news : bitcoin dropped below $20000 , or bad news
for me it's good news(not news, event) because i can accumulate more on discount .
oh, it became messy thread, no worry(why you will worry) you can reply by quoting lines.
my bad english ignore.

To be honest with you. I am no longer comfortable with the movement of Bitcoin, although I already know that bitcoin is cyclical in nature, but most tmes I do not wish that it happens because we do not expect it when it happens.
It would have been fine if bitcoin had a strong support at $20000. Whatever cyclic movement it is making it should go above 20,000 and do not come below 20000 dollars. This will give us the resurging confidence to continue.

But any movement below 20000 dollars will create some panic that may pull the price below 15,000 dollars, which is not good for businesses and investments in cryptocurrency.
Yes, it's time to accumulate, but how about those that has accumulated and waiting for a rise.

d3nz

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Lots of speculation and FUDS all over the world, and of course taking advantage of the crypto market while in a dip is really good.

And I think that BTC will go collapse below $17k, Daily and Weekly timeframes really confuse us but still, it is an opportunity for us to hoard and buy while we can before the bull run runs again.

Fullcoinese

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Quote from: cafter on March 10, 2023, 01:00:42 AM

what are your thoughts is it good news : bitcoin dropped below $20000 , or bad news
for me it's good news(not news, event) because i can accumulate more on discount .

for those who want to increase their Bitcoin in the bag, of course, a Bitcoin price drop is a good situation. for those who have started for the long term, it will not have any effect as long as the investment plan that is applied can still be held. some investors will also always buy a little when a bearish pattern occurs. it makes the assets they have will continue to grow.
but those who trade might be more careful with the Bitcoin downturn situation.

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