What's on my mind right now, whether I or others, if I still have more funds and want to invest again, it's better to put it in big coins that have been proven to rise quickly like a few years ago.
That is the smartest thing you can do, I wish I had the monetary capacity to do it, but honestly it is difficult for me to achieve something like that, however, one fights for things to happen in our favor with our work, but it is not easy, but people who have how to buy BTC, I invite them to do it, it is the investment of a lifetime, it is something that they will never regret in life, I see it that way, otherwise I do not know what everyone's plans could be, but BTC is an open door to success.
Topic: Bitcoin found the bottom? (Read 895 times)
Reality is no one can tell that it could be the bottom or the highest btc price. I think we all know that. We can only speculate or make an educated guess, and all of them may come into possibility or not.
Right now, btc is priced at $60k, and we can't be certain what would be its next move, it could bound to its deepest dip or may reach its sudden all time high. Everything just seems uncertain for bitcoin.
The price of bitcoin and some altcoins also showed good movements in the last week after the price dropped at $ 49K. But that's right, as expert and professional as I am to ensure the price accurately, I think there is no one until now, only predictions are expressed in the future and in the future.Right now, btc is priced at $60k, and we can't be certain what would be its next move, it could bound to its deepest dip or may reach its sudden all time high. Everything just seems uncertain for bitcoin.
What's on my mind right now, whether I or others, if I still have more funds and want to invest again, it's better to put it in big coins that have been proven to rise quickly like a few years ago.
These are just previlages that should be cease if the resource is available because the way I'm looking at it, after we go past this volatility between $45k to $70k, the next thing we will likely see will be post $100k and then this prices will never reflect again. Those that have the resource to buy in bulk at this period will be the ones that will benefit more from this range of seemingly stability in Bitcoin price.
Reality is no one can tell that it could be the bottom or the highest btc price. I think we all know that. We can only speculate or make an educated guess, and all of them may come into possibility or not.
Right now, btc is priced at $60k, and we can't be certain what would be its next move, it could bound to its deepest dip or may reach its sudden all time high. Everything just seems uncertain for bitcoin.
Right now, btc is priced at $60k, and we can't be certain what would be its next move, it could bound to its deepest dip or may reach its sudden all time high. Everything just seems uncertain for bitcoin.
The price of bitcoin and some altcoins also showed good movements in the last week after the price dropped at $ 49K. But that's right, as expert and professional as I am to ensure the price accurately, I think there is no one until now, only predictions are expressed in the future and in the future.
What's on my mind right now, whether I or others, if I still have more funds and want to invest again, it's better to put it in big coins that have been proven to rise quickly like a few years ago.
Do you think Bitcoin found the bottom now at around 56500?
Reality is no one can tell that it could be the bottom or the highest btc price. I think we all know that. We can only speculate or make an educated guess, and all of them may come into possibility or not.Right now, btc is priced at $60k, and we can't be certain what would be its next move, it could bound to its deepest dip or may reach its sudden all time high. Everything just seems uncertain for bitcoin.
Watch this price action right now, BTC trying to break up past 59.4k is very good only if it holds for 4hr bar then daily and ideally above this measure for the weekly close on Sunday.
It did actually break into $59,700, I think this is very critical to see and break that $60,000 barrier because if we did, then outlook is good for the rest of the month. So let's see if we can have this final push, although it's weekend already and we all know that traders and investors might take a rest this weekend. Nevertheless it's finally good to see that the price have rebounded so well as we are now in the positive.
When we do all those things and keep trending up then its quite fair to become more positive in the outlook for September. I do think the bigger prices come as part of a build in price, with volume it can take us past 70k hopefully.
It we could build a momentum then yes, this September might turn out to be positive. As in the past, this month is very slow as well, but hopefully it will turn out differently and it could be the start of the rally that we all have been waiting for to $70,000.
Watch this price action right now, BTC trying to break up past 59.4k is very good only if it holds for 4hr bar then daily and ideally above this measure for the weekly close on Sunday.
When we do all those things and keep trending up then its quite fair to become more positive in the outlook for September. I do think the bigger prices come as part of a build in price, with volume it can take us past 70k hopefully.
Bitcoin is trying to break $60k again, I'm watching it and I hope it can last longer at the current price level of $59.9k, maybe it just needs a few more pushes and we will be back, then investors will be more confident in bitcoin in mid-September. When we do all those things and keep trending up then its quite fair to become more positive in the outlook for September. I do think the bigger prices come as part of a build in price, with volume it can take us past 70k hopefully.
But if this is rejected maybe we will return to $56k to make a harder support to go up, but at the moment it is quite upset because it only needs a little push to get back to a much wider positive path regarding bitcoin.
Watch this price action right now, BTC trying to break up past 59.4k is very good only if it holds for 4hr bar then daily and ideally above this measure for the weekly close on Sunday.
When we do all those things and keep trending up then its quite fair to become more positive in the outlook for September. I do think the bigger prices come as part of a build in price, with volume it can take us past 70k hopefully.
When we do all those things and keep trending up then its quite fair to become more positive in the outlook for September. I do think the bigger prices come as part of a build in price, with volume it can take us past 70k hopefully.
But while the weak hands sell because of lack of knowledge, the knowledgeable investors buy at each point when where bitcoin present a discounted price, best thing first of all is to build knowledge and skills to be able to analyse the market and taking right steps that place you on an advantage all the time.
It is very true what you say, however when we learn this it is a fact that we will apply the best to be better, sometimes some investors are killed when they buy bitcoin is anxiety, for me that is what affects them the most, personally I think that is a feeling that ultimately makes a negative result, because it makes them sell and then after a short time is when the changes they were waiting for occur, almost all the time it is like that, that is why we must know that in bitcoin we have to have our conviction that it works and that it will always give good results, experience always helps, but conviction in btc is the main thing.
Do you think Bitcoin found the bottom now at around 56500?
By looking at how we are reacting everyday to price movements, I can say that we can't find the bottom without people getting settled down first, we are acting as if everything is going crazy and that is why I do not think that this matters all that much, we should be careful not to have anything crazy going on.I understand that it may not be that easy to handle, but this is going to be something that takes a while, so we can't really consider this as that much problematic. I think it's clear that we are going to see this become something that's good, and in the end we can make it work very well, this should be about bitcoin settling down as well. We can consider that the bull is coming soon, until then we can not be sure when the bottom happens, it can move.
New investors should aim to maximize profit potential and minimize risk through at least one market cycle.
I believe new investors have tried to do that. The problem is, they have a different method to approach.Despite the current market conditions, global factors will affect the price of Bitcoin, and many investors still lack knowledge about the crypto, leading them to sell prematurely.
You can't really blame them at all. Don't generalize about their knowledge just because they sold their stash early. I meant, there are various types of investors. And sometimes, there are kind of investors who sell their stash to get back in at the lower price. 
Do you think Bitcoin found the bottom now at around 56500?
You should know that Bitcoin can't find the bottom at $56,500 anymore because it was able to press below $49,000 in August (bottom). Since that happened a month that is close month to the present, we should be referring to that as the main bottom, this is practical on the daily and weekly charts. What we experience now might be a mere correction of the recent bearish impacts that saw the market hit $52,600 last week when the Friday news of the NFP, Average hourly earnings and Unemployment rate in the US badly affected the price of Bitcoin. There is a need for a breath as usual but the overall outlook still looks negative to me, so the market isn't bottoming yet. 
It is natural for an experienced investor to take advantage of the market volatility. Those investors who are able to forecast very well know that even if the price of Bitcoin falls a bit, Bitcoin will continue in the bullish trend again.
I think that the financial education of the operator has a lot of influence, for me understanding what bitcoin does is crucial, if I see that I don't know what I can do, it is better to be in hod mode, perhaps that is why it is so difficult to be a market speculator, because things are not always clear and that prevents money from being made, for me investing in bitcoin is the best thing to do, in the long term is where results will be seen, in this sense it is always good to rely on logic, and it is clear, if bitcoin goes down, you should buy and if it goes up, then have it there without selling, it is the best.
Many times in the past, we have hard some newbies who are mostly referred to as weak hands, and this set of bitcoin investors always rush to sell off they bitcoin whenever there is a drop in the price of bitcoin.
But while the weak hands sell because of lack of knowledge, the knowledgeable investors buy at each point when where bitcoin present a discounted price, best thing first of all is to build knowledge and skills to be able to analyse the market and taking right steps that place you on an advantage all the time.
Do you think Bitcoin found the bottom now at around 56500?
Seems like 50k is quite the bottom, it has tried to go down under it many times in a row and in almost every single time it bounced back up pretty quickly, so I am not really expecting it to make that much movement here on out from lower. The point is that we should stop trying to go under it, because it's really not that good, we should try to make it go over it. I understand that it may not be crazy good that way, but we could make it happen somehow.I think the best way to move forward would be something that will take a while, and because of that we should consider that as a good movement. I believe that if we can make this move good, then we shouldn't really have any worries at all, but if it keeps trying to go down, then risks still exists.
Actually a good momentum set of levels presently but BTC is holding itself back at the 58k level. This is a common point to visit, it was the lows for most of August and relates to Fibonacci levels of the old ATH so its a well known place of significance.
What happens now if Bitcoin cannot break this level like it did at July start is we will decline. After not beating this level for some time, the price stalls and thats all moving averages really indicate I think that the momentum is no longer there. At present its a fair bet that BTC can keep rising, however I wont take that view especially till 58k is both beaten and confirmed as some support by any subsequent selling.
What happens now if Bitcoin cannot break this level like it did at July start is we will decline. After not beating this level for some time, the price stalls and thats all moving averages really indicate I think that the momentum is no longer there. At present its a fair bet that BTC can keep rising, however I wont take that view especially till 58k is both beaten and confirmed as some support by any subsequent selling.
Some analysts predicted that bitcoin may fall to or below $46000. It fall to $48900 instead. Now some analysts are predicting that bitcoin may fall between $45000 and $50000. I do not believe how true this would be but I think it is a good speculation. The way the market is right now, we can not know the bottom because bitcoin price is not really that volatile as it should be but ranging within certain price.
Many investors are anticipating that amount of 45k or even below that Price to stock back they offloaded bags at ATH, I have come across a few of those Bitcoin speculators that sold off their entire Bitcoin holdings at the last all time high price and are waiting with both their capital and the profits to reinvest in Bitcoin at the slightest discounted price, some speculate that they buy back when Bitcoin do a 50k price and some other's will wait further to buy at 45k Bitcoin price.But then no one can rightly predicts what direction the price will go wether upward or downward at this point in time but then we have to be prepared at all time so that we take the best shot when the chance present itself.
I think that since we experience numerous 30% corrections in bear markets with the best year to illustrate that being probably 2017, this is a normal bull market. The fact that people believe we're no longer in bull market after this correction proves the opposite and that the short-term bottom is in.
I like how someone said it in one of the podcasts and I can't recall who that was at the moment, but he basically said that bitcoin was on track to 100k but this year it became political. People think that if Trump wins it will be better for bitcoin, therefore they are fearful of a possible Democratic president. We have a few months of uncertainty ahead of us and then it's back to bull.
I like how someone said it in one of the podcasts and I can't recall who that was at the moment, but he basically said that bitcoin was on track to 100k but this year it became political. People think that if Trump wins it will be better for bitcoin, therefore they are fearful of a possible Democratic president. We have a few months of uncertainty ahead of us and then it's back to bull.
New investors should aim to maximize profit potential and minimize risk through at least one market cycle.
Despite the current market conditions, global factors will affect the price of Bitcoin, and many investors still lack knowledge about the crypto, leading them to sell prematurely.
I would not consider new investors who have such thoughts for now because they will definitely find out about the knowledge they need to be able to respond to market conditions more wisely when they have spent money on anything including investing in Bitcoin. New investors will definitely find out about the Bitcoin market cycle and also improve their knowledge better for investment because they also don't want to lose just because of panic or just because they don't have knowledge about the crypto market. Despite the current market conditions, global factors will affect the price of Bitcoin, and many investors still lack knowledge about the crypto, leading them to sell prematurely.
If any of you feel uncertain or fearful you can try my strategy.
I see bitcoin price the way you should see real physical market. You own a rare good and the economy changes and affects it. One year people will have more money, the other year they will have less. One year there will be stimulus, or something will become fashionable and people will want to own it, the other year there will be war, rising fuel prices, inflation... You will not get the same amount of fiat money for your goods every year, or even every month.
You can always choose the moment you buy and sell. Don't sell cheap when the market doesn't want to pay you as much as it should. You can always wait a month or a year and get a better price. At the same time don't buy when it's expensive. Wait until the economy forces people to sell and use that opportunity to buy. Those who can relax and wait will always make money.
I see bitcoin price the way you should see real physical market. You own a rare good and the economy changes and affects it. One year people will have more money, the other year they will have less. One year there will be stimulus, or something will become fashionable and people will want to own it, the other year there will be war, rising fuel prices, inflation... You will not get the same amount of fiat money for your goods every year, or even every month.
You can always choose the moment you buy and sell. Don't sell cheap when the market doesn't want to pay you as much as it should. You can always wait a month or a year and get a better price. At the same time don't buy when it's expensive. Wait until the economy forces people to sell and use that opportunity to buy. Those who can relax and wait will always make money.
Well we can not be for sure if we are now at the bottom price of Bitcoin. It does make it feel like we were just at the all time high of Bitcoin price of almost 74k early in the year.
I am still adding Bitcoin to my portfolio at the price and do buy the dip. For me it is a long term hodl. It is how all the crypto investors should think about it.
Exactly - that's how it should be, but we also understand that not everyone here has the budget to accumulate bitcoin even when the price drops quite deep. Most forum users in some local boards are not those who have an average monthly salary above $500 - it is even possible for them to have a lower salary. In all probability - they must have difficulty accumulating bitcoin even though they realize that now is the best accumulation time.I am still adding Bitcoin to my portfolio at the price and do buy the dip. For me it is a long term hodl. It is how all the crypto investors should think about it.
I believe that many of them are simply holding bitcoin from the payment of signature campaigns - while some could also be maximizing the opportunity if they were to have a budget saved at the end of the month. Such bad inflation makes it difficult for many small investors to accumulate bitcoin - only a few can accumulate.
Some analysts predicted that bitcoin may fall to or below $46000. It fall to $48900 instead. Now some analysts are predicting that bitcoin may fall between $45000 and $50000. I do not believe how true this would be but I think it is a good speculation. The way the market is right now, we can not know the bottom because bitcoin price is not really that volatile as it should be but ranging within certain price.
Can we really see such a time that bitcoin can ever hit that bottom price that is mention in the ops, I don't think so and for sure we may likely see a more discounted bitcoin price but not up to the amount mentioned in the ops, although we may see such price as 50k BTC price, but nothing below the price at 50k will ever happened and the reason for not downward price of 45,k is the level of the liquidity that is currently available to bitcoin can ever happen, although is not out of reach but not a sure bet at this moment.Many bitcoin speculators have predicted somewhat downward trend in the coming days, but I believe all that is just by whale expectations and sure it may or may not happen in this period of time, so I suggest that we all hold on to our bitcoin and not to panic with all this fuds and the reason is because after the fuds comes the real reality of bitcoin true value.
The bottom that some traders saw was actually below $50k, just a bit below which is right somewhere around $49.000 - $49500. They could be wrong but when they saw that dip in the first week of Aug it plunged that price for a while and then back up again to $64000.
The market hasn't broken that ATH since March this year leading them to believe the price has to bottom back up to resume the momentum of the bull season and they figured that $49k will be the final price before going up again. But if it falls below $49k then we are going back to bear market by then.
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