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.
Topic: Bitcoin found the bottom? - page 2. (Read 895 times)
Regardless of the price of Bitcoin you should buy regularly so that you can own more holdings. I recommend you start with the DCA method in preparation for long term stashing and running a full cycle. Bitcoin price may dips further but it would be too foolish to wait as it is only speculation. I think Bitcoin price is likely to touch another ATH within this year so you should make the right decision and continue buying more aggressively. A new investor should accumulate bitcoins in such a way that he can ride at least one cycle as this increases his chances of profit and reduces the risk.
There are many global fundamentals that will affect the price of bitcoin in the present and future but on the other hand looking at the current conditions whether it is only a small part or more, there is still minimal knowledge about crypto where they will sell their assets in the current conditions. Yes. What needs to be done now as you said above is certainly good and should be applied from now on to continue to take and accumulate ownership of these potential assets at this time.
Do you think Bitcoin found the bottom now at around 56500?
Regardless of the price of Bitcoin you should buy regularly so that you can own more holdings. I recommend you start with the DCA method in preparation for long term stashing and running a full cycle. Bitcoin price may dips further but it would be too foolish to wait as it is only speculation. I think Bitcoin price is likely to touch another ATH within this year so you should make the right decision and continue buying more aggressively. A new investor should accumulate bitcoins in such a way that he can ride at least one cycle as this increases his chances of profit and reduces the risk. 
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.
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'm not sure who Michael Saylor is, nor have I seen his post. However, I believe that your speculation is more accurate than mine; its price seems to have stabilized at approximately $53,500, a little lower than my initial reply, but it looks like the major downfall has stopped. We can't actually predict if this is going to be the end of it, but from what you've mentioned, I'm inclined to believe that there's a decent chance it won't drop much further from $52,000 to $53,000.
On the other hand, if it does, it'd be an interesting opportunity to acquire some Bitcoin at a discounted rate.
On the other hand, if it does, it'd be an interesting opportunity to acquire some Bitcoin at a discounted rate.
As you can see I'm right in my own analysis I am already filling the FVG for a small isolated position at 20x leverage and expecting to take the profit at around $55k I'm not greedy so I am not taking more profit than that I just want to exit that I know where it bounces and wait for another opportunity.
~snip~
Well, my position lot is pretty small I just set a 1:2 profit ratio I risk $3 at this position made $6 in profit.
I don't know what price will come next but my guess it will fills the order block at 15minutes TF around $54k and it will bounce back to $55k and $56k area.
If the demand continues and the selling presure is the same we might see the $58k or more again.
I'm not suggesting you to follow me but that's just my own prediction based on the data I collected from Coinglass and what I see on the chart using SMC.
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.
With how the price moves up a little and moves down double, I'm seeing the possibility that it can even lose hold of the $50,000 level. It is becoming possible every day.
In May, the bottom was at $58,000. Two months later, in July, it went lower and hit $55,000. A month later, it went down even lower at below $54,000. Within the month of September, which is usually a bearish month, it could go down much further.
But let's not be surprised by this. This has been the reality. We'll be seeing green in the last quarter, before the year closes.
Recently, speculating on Bitcoin price is formidable because of its rate in volatility, no price mark can we firmly hold unto as it's bottom, we just live in the market and accept every price change. In May, the bottom was at $58,000. Two months later, in July, it went lower and hit $55,000. A month later, it went down even lower at below $54,000. Within the month of September, which is usually a bearish month, it could go down much further.
But let's not be surprised by this. This has been the reality. We'll be seeing green in the last quarter, before the year closes.
Bitcoin is currently at $54k, in a week or two we cannot tell what will be the price of Bitcoin by then, the whole concept will be for investors taking advantage of the bottom price not undermining if it will still go below what it is or not, purchasing Bitcoin at this point is very much profitable considering we are yet to experience the bullish part of the market where we meet a new ATH.
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.
Predicting Bitcoin's next movement is certainly difficult. When Bitcoin reached 56k many thought it was probably a big dip but when it was headed for more dip that prediction failed and they again made another price prediction and continued on. But the bottom line is that if one invests in Bitcoin one must think according to it's potentiality. It is foolish to expect to buy only from dips. As it has no specific location. Maybe Bitcoin will touch 40k and there is a chance to recover from this current price. Accumulation is better suited to investing in Bitcoin than looking for the dips.
We can not predict the bottom of Bitcoin price. Any body that has done that successfully was purely luck and not that he knew that was the bottom. I do not bother to predict the bottom of Bitcoin but continue to buy at anytime that I have money because after predicting a bottom, the price of Bitcoin keep dipping more. The OP thought he found the bottom but the market continues to fall and we saw another bottom at $52,550. This too might not be the last bottom because this is the weekend and nobody knows what will happen when the new week starts. The market might get a panic and the price of Bitcoin continue to fall below $50,000 as some people have predicted previously. Regardless of how bad the market falls, we should not be discouraged to invest in Bitcoin because the price will not stay this low for long.
-snip-
I just hope price doesn't get further down below the $49k you pointed out. Sadly, the Weekly chart from where I made my speculation, is exposing a further fall down to $43,700. I never saw that a few weeks ago. Perhaps it's because I wasn't checking price on the weekly until a few days ago that I did. I don't know what timeframe you've been checking from. Maybe you can check price on weekly too and see how the candles formed, among other things. I don't want price to get there as it will trigger more fear and then exacerbate the situation. But then, we can't tell market what to do. It pushes price wherever it deems fit and price goes there with obedience.Below is just a small picture of the weekly TF - but it does not reflect what can happen next. I only hope for a reversal of the trend to be positive - but it is difficult to prevent a correction when the interest rate has not been adjusted. High selling pressure can cause the price to fall again - this should be taken into consideration so that they can do some profitable strategic approaches.
Trend remains down, today is another day its failed to convince otherwise. Maybe we coast to a full stop at weekly end and then start over a new week positively on Japan open but for now its a damp recovery already falling below the 12hr average with lower volume then it should be.
The closing low at 54.1k seen August 5th and also early July is a foothold but unsteady already crumbling. We traded up till we got near the 2 day average today then we've backed off and no attempt was made to challenge the falling weekly average. Theres always tomorrow and in theory weekends are not full volume but it still counts, theres no confidence showing there.
The closing low at 54.1k seen August 5th and also early July is a foothold but unsteady already crumbling. We traded up till we got near the 2 day average today then we've backed off and no attempt was made to challenge the falling weekly average. Theres always tomorrow and in theory weekends are not full volume but it still counts, theres no confidence showing there.
Do you think Bitcoin found the bottom now at around 56500?
Now my question is, do you think we can tell that it's already the bottom price or not? Because in all honesty, even if the price drops so low, still we won't know that it's already the bottom price of bitcoin. All we have are just pure speculations and guesses, none of us is certain with that. Bitcoin is still below $55k as of this writing, and maybe there could be more price drops that's going to happen soon, so just prepare your funds instead and start buying again when the current price shows a good opportunity to buy.
I'm not bearish about Bitcoin. Deeper crashes are always a possibility, but I'm still confident Bitcoin can maintain its position above the 50,000$, as it has been already doing since the beginning of 2024. And the more people believe Bitcoin is going down yet, more confident I become it's not going to drop further.
Whales like to play with market's feeling. When everyone is expecting something to happens, whales manipulate the market on the opposite direction. That is how the wealthy minority always make profit over the majority.
At the current situation, forget about news, analysts and specialists. They know nothing, they can tell nothing, and just make us confused by their dubious informations which seem contradictory each new day. It's the whales and institutional investors who are dealing the cards, so try to understand what their strategy is.
Whales like to play with market's feeling. When everyone is expecting something to happens, whales manipulate the market on the opposite direction. That is how the wealthy minority always make profit over the majority.
At the current situation, forget about news, analysts and specialists. They know nothing, they can tell nothing, and just make us confused by their dubious informations which seem contradictory each new day. It's the whales and institutional investors who are dealing the cards, so try to understand what their strategy is.
With how the price moves up a little and moves down double, I'm seeing the possibility that it can even lose hold of the $50,000 level. It is becoming possible every day.
In May, the bottom was at $58,000. Two months later, in July, it went lower and hit $55,000. A month later, it went down even lower at below $54,000. Within the month of September, which is usually a bearish month, it could go down much further.
But let's not be surprised by this. This has been the reality. We'll be seeing green in the last quarter, before the year closes.
Recently, speculating on Bitcoin price is formidable because of its rate in volatility, no price mark can we firmly hold unto as it's bottom, we just live in the market and accept every price change. In May, the bottom was at $58,000. Two months later, in July, it went lower and hit $55,000. A month later, it went down even lower at below $54,000. Within the month of September, which is usually a bearish month, it could go down much further.
But let's not be surprised by this. This has been the reality. We'll be seeing green in the last quarter, before the year closes.
Bitcoin is currently at $54k, in a week or two we cannot tell what will be the price of Bitcoin by then, the whole concept will be for investors taking advantage of the bottom price not undermining if it will still go below what it is or not, purchasing Bitcoin at this point is very much profitable considering we are yet to experience the bullish part of the market where we meet a new ATH.
I'm not sure who Michael Saylor is, nor have I seen his post. However, I believe that your speculation is more accurate than mine; its price seems to have stabilized at approximately $53,500, a little lower than my initial reply, but it looks like the major downfall has stopped. We can't actually predict if this is going to be the end of it, but from what you've mentioned, I'm inclined to believe that there's a decent chance it won't drop much further from $52,000 to $53,000.
On the other hand, if it does, it'd be an interesting opportunity to acquire some Bitcoin at a discounted rate.
On the other hand, if it does, it'd be an interesting opportunity to acquire some Bitcoin at a discounted rate.
As you can see I'm right in my own analysis I am already filling the FVG for a small isolated position at 20x leverage and expecting to take the profit at around $55k I'm not greedy so I am not taking more profit than that I just want to exit that I know where it bounces and wait for another opportunity.
However, the volume seems pretty small and Netflow is still negative but it drops from $200m to $100m+ meaning it's not confirmed yet that these days will be positive it's still building positive momentum if we see the price break the 50 MA in 1hr time frame I am expecting to see big demands coming and price surge come next but if it fail then your prediction recently will come.
Do you think Bitcoin found the bottom now at around 56500?
No. Looking at the daily chart there’s no way 56K can be the bottom immediately. The price is already at 54K level and recently went down to 52K. The closest low price is at 49K which is the potential strong support and good candidate for the bottom price but still there’s no certainty that price will stop there.
Bitcoin doesn’t have any major news that will pump or dump the price to extreme level so I’m assuming that everything is possible since there might be a wild news that can give a huge price impact both ways.
Just use DCA so that you will not trouble yourself on finding the bottom if your goal is just buying at the bottom.
With how the price moves up a little and moves down double, I'm seeing the possibility that it can even lose hold of the $50,000 level. It is becoming possible every day.
In May, the bottom was at $58,000. Two months later, in July, it went lower and hit $55,000. A month later, it went down even lower at below $54,000. Within the month of September, which is usually a bearish month, it could go down much further.
But let's not be surprised by this. This has been the reality. We'll be seeing green in the last quarter, before the year closes.
In May, the bottom was at $58,000. Two months later, in July, it went lower and hit $55,000. A month later, it went down even lower at below $54,000. Within the month of September, which is usually a bearish month, it could go down much further.
But let's not be surprised by this. This has been the reality. We'll be seeing green in the last quarter, before the year closes.
Do you think Bitcoin found the bottom now at around 56500?
Do you mean $55,606 because that is the lowest price in the last 24hrs when I looked at my trading exchange account. If you meant $56,500, it is still not the bottom because Bitcoin is trading below that price right now and I do not think the bottom has been reached yet. I want this to be the bottom and the last dip before the market starts to rise but it might not happen because I do not control the market movement. We just have to be hopeful and keep believing Bitcoin because It does not matter how long it takes but Bitcoin is going to bounce back. I do not pay attention to the bottom but keep accumulating too because soon we will all be smiling.
However, an accumulation plan might be more suitable for the Investors who are using Bitcoin as an investment asset. Instead of waiting for the market price to drop, which is unlikely to happen, investors can simply think about purchasing shares in small amounts over and over again enabling them to amass a good position within a given stock. In this way, the investors are not pinned down to waiting for the right drop to invest, but they get to maximize on the upside of Bitcoin in general. Accumulation tries to lessen the effects of random fluctuations and deals significantly with long-term gain that is possible to deliver steadier gains in Bitcoin investment.
Do you think Bitcoin found the bottom now at around 56500?
Do you mean $55,606 because that is the lowest price in the last 24hrs when I looked at my trading exchange account. If you meant $56,500, it is still not the bottom because Bitcoin is trading below that price right now and I do not think the bottom has been reached yet. I want this to be the bottom and the last dip before the market starts to rise but it might not happen because I do not control the market movement. We just have to be hopeful and keep believing Bitcoin because It does not matter how long it takes but Bitcoin is going to bounce back. I do not pay attention to the bottom but keep accumulating too because soon we will all be smiling.
Seriously - I don't expect bitcoin to go down to the $40K area, that looks very bearish for bitcoin. Besides - there is a good chance of seeing the market recover if the FED adjusts rates - so the $50K range is where I expect it as support for the month. Even if it does go down - $49K is the support I would expect to be strong enough to prevent a major panic, but hopefully it won't get there.
I agree with DCA - you can do it whenever you have the budget. If you have extra income in the real world - some of it would be good to invest in bitcoin. Another option - save btc from the signature campaign now, it will definitely be more profitable later.
That is very bearish for bitcoin and may cause panic for some people who are holding due to excessive fear. But actually if we want to take a slightly larger accumulation approach it would be very profitable in that position. Anything can still happen and may be beyond many people's predictions, especially if the FED does not adjust its interest rates anytime soon and bitcoin will definitely experience harder price pressure that will likely touch $45K to $40K as a resistance step.I agree with DCA - you can do it whenever you have the budget. If you have extra income in the real world - some of it would be good to invest in bitcoin. Another option - save btc from the signature campaign now, it will definitely be more profitable later.
There are many ways to collect either using DCA through real-world work results or saving bitcoins from signature campaign results. It is important for someone to have a strategy to run an investment because we know that bitcoin is one of the best investments now and many people are starting to learn to run it.
Jump to: