Bitcoin fall below $30k - page 2. | Bitcointalksearch.org

Pamadar

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Quote from: Tellek Garing on June 02, 2022, 01:35:28 PM

Yeah, I don't mean jumping into buying Bitcoin just because the market price is low, because going in at a bear market may result in losses because the market may be on a steady downside.

The best thing to do is to do a proper market analysis and know the right time to get in, Bitcoin is a highly volatile asset and at that one needs a proper analysis of the market.

Go deeper and not just to follow the speculation of many analysis, it's better to do your own analysis and

decide once you completely convince yourself that you are choosing the right entry position, it's tough since the decline is
something most of us investors are really avoiding.

but long-term wise, from this current value you can start buying little by little if ever there's more decline you will continue
to buy and save all your assets till the bull bounce back and turned the favor to your side.

BlackBaron

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Quote from: Wong Gendheng on June 03, 2022, 07:05:26 AM

At the beginning of the year I was optimistic that the market would not drop below $50k, but slowly continued to decline, this of course makes us always have to be patient, if we aim for profit then long-term hold and target is better than selling at a loss, if the market is red like this time then I recommend to buy.

I'm sure the market will halve from ATH and now that it's reached the market has fallen at $25k for the lowest price, great position to buy Bitcoin at a lower price than the current price, I don't expect not to miss the opportunity to buy Bitcoin cheaply for long term profits .

Kelvinid

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Quote from: Wong Gendheng on June 03, 2022, 07:05:26 AM

At the beginning of the year I was optimistic that the market would not drop below $50k, but slowly continued to decline, this of course makes us always have to be patient, if we aim for profit then long-term hold and target is better than selling at a loss, if the market is red like this time then I recommend to buy.

Thus, if you are aware of the market cycle believe that after Bullrun, a bear market next to follow. It is quite anticipating last year, it was expecting this current situation will come and it was not surprising anymore for those we are in the marker for a long time. If you bought Bitcoin last year, it is certainly you have no other option but to hold or else, you will lose.

Yes, it is something we need to extend our patience as this is likely it takes months to recover, and not even sure if we got some recovery early next year. However, it was too hopeful for that seeing the prices never went down badly.

Wong Gendheng

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At the beginning of the year I was optimistic that the market would not drop below $50k, but slowly continued to decline, this of course makes us always have to be patient, if we aim for profit then long-term hold and target is better than selling at a loss, if the market is red like this time then I recommend to buy.

alisonwonder

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Quote from: Tellek Garing on June 02, 2022, 01:35:28 PM

Yeah, I don't mean jumping into buying Bitcoin just because the market price is low, because going in at a bear market may result in losses because the market may be on a steady downside.

The best thing to do is to do a proper market analysis and know the right time to get in, Bitcoin is a highly volatile asset and at that one needs a proper analysis of the market.

The right area to enter for $25k because bitcoin had a price crash in May, but anyway we need to analyze the market for BTC investment purposes in the long term, but for me will collect part of the portfolio for the $25k area for Bitcoin buy orders.

Tellek Garing

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Quote from: Pamadar on June 02, 2022, 09:49:03 AM

Quote from: Tellek Garing on June 02, 2022, 09:22:37 AM

Good idea taking profits along the market line is the best approach for any investors that will want to maintain the flow of the market, just take for example if one has taken profit at 45k and reinvested it at 26k that will be good profits and buy back approach.

Good example if and only if you'll be manage to catch that position and make a good approach buying back
and wait for a good bounce back to earn more from your initial investment.

Quote

So I agree with what you said, but buying more at this time of uncertainty in the Bitcoin market will be a risky move as the price may further decline in the coming days/weeks.

It's too risky if you don't know how to track the market, there are many factors to consider before taking your
action in investing your money while the market is in bearish momentum.

Yeah, I don't mean jumping into buying Bitcoin just because the market price is low, because going in at a bear market may result in losses because the market may be on a steady downside.

The best thing to do is to do a proper market analysis and know the right time to get in, Bitcoin is a highly volatile asset and at that one needs a proper analysis of the market.

Pamadar

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Quote from: Tellek Garing on June 02, 2022, 09:22:37 AM

Good idea taking profits along the market line is the best approach for any investors that will want to maintain the flow of the market, just take for example if one has taken profit at 45k and reinvested it at 26k that will be good profits and buy back approach.

Good example if and only if you'll be manage to catch that position and make a good approach buying back
and wait for a good bounce back to earn more from your initial investment.

Quote

So I agree with what you said, but buying more at this time of uncertainty in the Bitcoin market will be a risky move as the price may further decline in the coming days/weeks.

It's too risky if you don't know how to track the market, there are many factors to consider before taking your
action in investing your money while the market is in bearish momentum.

ShowOff

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Quote from: Tellek Garing on June 02, 2022, 09:22:37 AM

So I agree with what you said, but buying more at this time of uncertainty in the Bitcoin market will be a risky move as the price may further decline in the coming days/weeks.

If you are sure about how good the potential of the bitcoin you are buying is, then you should consider buying it. For most of the time, the market is filled with uncertainty especially about the price trend and if you want to buy then do a DCA because it is the best advice when you want to buy any asset.

DCA can help you maximize your purchase at a different price than your first purchase, so it should be the best thing you should consider if you are concerned that the price drop will continue.

Tellek Garing

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Quote from: Reatim on June 02, 2022, 03:15:52 AM

but of course I still look forward for the great recovery so I may take my profit and re invest soon before the 4th quarter starts .

Good idea taking profits along the market line is the best approach for any investors that will want to maintain the flow of the market, just take for example if one has taken profit at 45k and reinvested it at 26k that will be good profits and buy back approach.

So I agree with what you said, but buying more at this time of uncertainty in the Bitcoin market will be a risky move as the price may further decline in the coming days/weeks.

Reatim

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Quote from: Piesel on June 01, 2022, 07:43:56 PM

I have been following Bitcoin price for a while now and within the last couple of weeks back, Bitcoin has struggled to resist the $30k region after the price slid down to $25k some time ago before reclaiming back to 30k. This has been correlated with the traditional market movement and conditions.

If you really following the graph and movement? then you will understand that Bitcoin did not fall down to 25k instead it is 26k is the lowest so far this year , so that claims to be fail.

and back to the topic? yes I know that there are opportunities that the value will drop down below 25k or even down to 21k as the market continues to shows weakening .

but of course I still look forward for the great recovery so I may take my profit and re invest soon before the 4th quarter starts .

MarjorieZimmermanGinger

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Quote from: Tellek Garing on May 11, 2022, 08:46:45 AM

As we are all aware of the volatility of the Bitcoin/cryptocurrency market which give the industry the speculative tendency to allow for analysis of the market from various analysts, as the week started in an unpredictable wave of downward movement which is the lowest for a long time since 2021 many predicted thirty thousand dollars price as the bearish minimum for this season but as at the time of making this post Bitcoin price is already below 30k region and this make me think what the next limit price will be I predict $25k as the lowest Bitcoin can fall to.

Indeed, the correction stage has not recovered for any coin, even bitcoin that has a strong ultinitas also entered a sharp correction stage, personally I don't predict bitcoin will fall more sharply at the price of $25k, because for me no coin can do that. Fast recovery after the correction phase is not yet complete, The only coin that can do that is bitcoin, indeed since 2021 bitcoin has experienced such a sharp decline in price, but we also never forget how bitcoin reacted in 2017 to 2021, I think this enough to be a guide for us to invest

TravelMug

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Quote from: Sir Legend on June 01, 2022, 09:14:35 PM

Bitcoin is good because yesterday it reached $32k, I once thought to sell but I'm optimistic that the market will rise again soon, but now the price is dropping again by more than 7% or around $29k, once again testing our patience to hold bitcoin, I just hope the price bitcoin doesn't drop below $25k.

Yeah, surprised to see a huge dip in the last 24 hours, I guess we are again being set for a trap by the manipulators as we thought that we might continue this sort of recovery, but suddenly the price goes down below $30k.

So let's wait for the first week of June to complete, if this is just the same as last month, then we need to brace ourselves again as there are now good bounce back this month and could be trading sideways again.

Sir Legend

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Bitcoin is good because yesterday it reached $32k, I once thought to sell but I'm optimistic that the market will rise again soon, but now the price is dropping again by more than 7% or around $29k, once again testing our patience to hold bitcoin, I just hope the price bitcoin doesn't drop below $25k.

Piesel

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I have been following Bitcoin price for a while now and within the last couple of weeks back, Bitcoin has struggled to resist the $30k region after the price slid down to $25k some time ago before reclaiming back to 30k. This has been correlated with the traditional market movement and conditions.

TimeTeller

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Quote from: Oasisman on June 01, 2022, 02:31:01 PM

Quote from: n0ne on June 01, 2022, 09:24:05 AM

OP believe that the lowest price to reach after dropping down to $30k is $25k. Once after reaching down to $35k, the price reached the bottom value around $26000. Further after a hard price fluctuation between $28k and $29500, the price have bounced back close to $32k. This is kind of temporary trend change and from various experts prediction it is said to turn bearish. If the price couldn't withstand the $25k resistance, surely we can expect around $23k as the low of bearish market.

People are actually afraid of missing the accumulation period, thus $26k-$30k is a good buying range after the dip for more than 50% from the last ATH. Traders are also taking advantage of this current volatility. When they sell, Btc tends to drop below $30k then retails are buying more boosting Btc price above $30k again. I guess when there's not enough people left to buy above $25k, that would be the time the strong support would break.

As we can't exactly predict about the price movement in the market, we are just following our instincts when it comes to accumulation.
But for other traders, they can also get profits from this up and down movement, but you need to be careful because one mistake, your profits will be wiped out.
And if you do believe that very soon we will get out of this 30k level, and you have spare funds, why not buy while you can?
I don't think we will stay in this level for long, it may go down but it always bounces. This is like the accumulation period for some.

Tellek Garing

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Quote from: BITCOIN4X on June 01, 2022, 03:00:30 PM

Quote from: Oasisman on June 01, 2022, 02:31:01 PM

People are actually afraid of missing the accumulation period, thus $26k-$30k is a good buying range after the dip for more than 50% from the last ATH. Traders are also taking advantage of this current volatility. When they sell, Btc tends to drop below $30k then retails are buying more boosting Btc price above $30k again. I guess when there's not enough people left to buy above $25k, that would be the time the strong support would break.

Price volatility gives traders an advantage if they make good use of this period of accumulation. This means that if traders dare to buy bitcoins on a decline and hold on for a while then they will make a good profit if they like the scalping strategy. For long-term hold it is also advisable to buy bitcoin when it dips, it will make them get bitcoin at a low price.

Traders' fears are understandable because they won't really be able to ignore volatility compared to long-term investors. So I wouldn't blame them at times because each one has a different strategy.

Yeah with the volatility of the market come traders making profits in-between the line, but in the main time the general market is dropping most especially if you holding your assets in Bitcoin once the Bitcoin price fall to the US dollar.

Trading is sweeter when a trader does it smartly without haven't to add feelings.

BITCOIN4X

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Quote from: Oasisman on June 01, 2022, 02:31:01 PM

People are actually afraid of missing the accumulation period, thus $26k-$30k is a good buying range after the dip for more than 50% from the last ATH. Traders are also taking advantage of this current volatility. When they sell, Btc tends to drop below $30k then retails are buying more boosting Btc price above $30k again. I guess when there's not enough people left to buy above $25k, that would be the time the strong support would break.

Price volatility gives traders an advantage if they make good use of this period of accumulation. This means that if traders dare to buy bitcoins on a decline and hold on for a while then they will make a good profit if they like the scalping strategy. For long-term hold it is also advisable to buy bitcoin when it dips, it will make them get bitcoin at a low price.

Traders' fears are understandable because they won't really be able to ignore volatility compared to long-term investors. So I wouldn't blame them at times because each one has a different strategy.

Oasisman

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Quote from: n0ne on June 01, 2022, 09:24:05 AM

OP believe that the lowest price to reach after dropping down to $30k is $25k. Once after reaching down to $35k, the price reached the bottom value around $26000. Further after a hard price fluctuation between $28k and $29500, the price have bounced back close to $32k. This is kind of temporary trend change and from various experts prediction it is said to turn bearish. If the price couldn't withstand the $25k resistance, surely we can expect around $23k as the low of bearish market.

People are actually afraid of missing the accumulation period, thus $26k-$30k is a good buying range after the dip for more than 50% from the last ATH. Traders are also taking advantage of this current volatility. When they sell, Btc tends to drop below $30k then retails are buying more boosting Btc price above $30k again. I guess when there's not enough people left to buy above $25k, that would be the time the strong support would break.

Pamadar

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Quote from: lixer on May 27, 2022, 02:44:19 PM

Quote from: Pamadar on May 26, 2022, 08:10:27 AM

It will lessen the stress that you can suffer during the fall, dumped is unavoidable during the bearish

market, there are weak holders who can't take the deceased when looking inside their portfolio,
those kinds of investors are very possible to suffer in losing a huge amount of money.

If you are not ready to take the risk, it's best to observe and try to make your entry whenever you are comfortable
to what things that may happen after you place your entry.

The type of people who would be upset about the situation at this point, would be the same people who would be upset that the price dropped a bit right after they bought because they could have gotten at a better price. We just need to learn to just be patient and we would be doing better.

Why focus on what you could have made, when you could focus on what you could still make. Sure there are some who bought at 50k, and they are upset right now, but instead of being upset about that, why not be happy that you could drop that by buying the same amount at 30k and drop the average to 40k and you could recoup that quicker? Many people do not do that.

Because fear is already on them, they are not willing to take another risk thinking that another low might happen.

It's not new to this business. Those who do a cut-loss continue to lose their money. There's no assurance that the market
is already in a dip when you place your re-try.

The chance of seeing another set of dump should also be considered, but again, it's your patience that will let you hold your
asset even in this period of hardness., some may buy more and hope that they will recover the losses.

n0ne

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OP believe that the lowest price to reach after dropping down to $30k is $25k. Once after reaching down to $35k, the price reached the bottom value around $26000. Further after a hard price fluctuation between $28k and $29500, the price have bounced back close to $32k. This is kind of temporary trend change and from various experts prediction it is said to turn bearish. If the price couldn't withstand the $25k resistance, surely we can expect around $23k as the low of bearish market.

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