Bitcoin - how low will we go in 2023?

19Nov16

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Quote from: posi on July 19, 2023, 08:21:03 AM

Quote from: rby on July 19, 2023, 03:04:24 AM

Quote from: Weawant on July 15, 2023, 06:26:18 AM

Quote from: rby on July 10, 2023, 06:34:48 PM

Your analysis were making sense to me but when you mentioned 8k,I really thought it was a mistake, that maybe you wanted to say 18k. But when I read twice the 8k I understood it wasn't a mistake. I have to agree with you that if bitcoin breaks this resistance, we are going to the region of 40k but the otherwise is what I don't see happening

I also agree with your statement, there's no way we're going to $8,000 that'll be horrible to the market.and it'll be like we're experiencing the pandemic year again when Bitcoin fall to $4,000. I know anything is possible with the cryptocurency market but $8,000 is unlikely.

Everything is possible in the cryptocurrency market but $8k is unlikely. Although bitcoin touched and exceeded $31k but it didn't last for long before it fell back to the $30k support and it is still in the region of 30k but very close to sliding to 29k.

I do not wish that the bitcoin price should slide below 30k because if it does, the next support is at $25k which would not be nice for the market because of so much SEC drama happening in the market.

I also agree, 8k$ is not possible with bitcoin, that is a thing of the past. But I won't be upset if bitcoin drops below 30k, it might not be good for the market and many people don't like it, but for me, it's a good thing because we have more time to accumulate bitcoin. We always want to get the biggest profit, but why are we afraid every time the market goes down? Isn't that a great time to buy in? That sounds very illogical, but many people are thinking so.

True, seeing the market situation that had occurred since ATH in 2021 and big events had happened like Luna, FTX and others, but did not make prices drop below $ 8K, this made us have to be optimistic that market opportunities to recover this year could easily occur.

doomloop

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Quote from: YUriy1991 on July 19, 2023, 04:21:04 AM

Quote from: JamesDaniel90 on June 15, 2023, 03:12:04 AM

I bought the other day and we have seen yet another crash since then it feels like there is so much bad news and FUD at the moment.

I feel like having a break as I am starting to feel we could go close to the lows of last year, not sure if we will go that low but could go close so thinking of waiting until we see at least another 10% drop to buy more.

How is everyone else feeling?

I think. it's only temporary. Later back to normal too. all you need to do is keep buying and let the market take its course. true, sometimes these feelings come and make us a little uncomfortable in investing. there is a concern that the market will go down again. If in BTC 10%, the decrease is quite large. All you need to do is find another occupation. because I have also felt the way you feel. even if you want to go out of responsibility if you don't want to play short term. As low as it might be to 28K this week.

Considering it is only 2% down for the week, we can easily say that it is not going to be that much different on the long run. I understand why people may think that it looks a bit different but the reality is that it is pretty much similar. I know that it is going to be hard deal, but we could still make it work.

This is why it is smarter to have a good return one way or another. I feel like it should be considered why we are doing something that is profitable on the long run so these smaller drops are not really that big of a deal. I hope that we can get over it soon enough, and we could do something that will benefit us all. Not saying that because I want a profit, just to make sure people are happy about it instead of like this.

posi

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Quote from: rby on July 19, 2023, 03:04:24 AM

Quote from: Weawant on July 15, 2023, 06:26:18 AM

Quote from: rby on July 10, 2023, 06:34:48 PM

Your analysis were making sense to me but when you mentioned 8k,I really thought it was a mistake, that maybe you wanted to say 18k. But when I read twice the 8k I understood it wasn't a mistake. I have to agree with you that if bitcoin breaks this resistance, we are going to the region of 40k but the otherwise is what I don't see happening

I also agree with your statement, there's no way we're going to $8,000 that'll be horrible to the market.and it'll be like we're experiencing the pandemic year again when Bitcoin fall to $4,000. I know anything is possible with the cryptocurency market but $8,000 is unlikely.

Everything is possible in the cryptocurrency market but $8k is unlikely. Although bitcoin touched and exceeded $31k but it didn't last for long before it fell back to the $30k support and it is still in the region of 30k but very close to sliding to 29k.

I do not wish that the bitcoin price should slide below 30k because if it does, the next support is at $25k which would not be nice for the market because of so much SEC drama happening in the market.

I also agree, 8k$ is not possible with bitcoin, that is a thing of the past. But I won't be upset if bitcoin drops below 30k, it might not be good for the market and many people don't like it, but for me, it's a good thing because we have more time to accumulate bitcoin. We always want to get the biggest profit, but why are we afraid every time the market goes down? Isn't that a great time to buy in? That sounds very illogical, but many people are thinking so.

YUriy1991

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Quote from: JamesDaniel90 on June 15, 2023, 03:12:04 AM

I bought the other day and we have seen yet another crash since then it feels like there is so much bad news and FUD at the moment.

I feel like having a break as I am starting to feel we could go close to the lows of last year, not sure if we will go that low but could go close so thinking of waiting until we see at least another 10% drop to buy more.

How is everyone else feeling?

I think. it's only temporary. Later back to normal too. all you need to do is keep buying and let the market take its course. true, sometimes these feelings come and make us a little uncomfortable in investing. there is a concern that the market will go down again. If in BTC 10%, the decrease is quite large. All you need to do is find another occupation. because I have also felt the way you feel. even if you want to go out of responsibility if you don't want to play short term. As low as it might be to 28K this week.

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Quote from: Weawant on July 15, 2023, 06:26:18 AM

Quote from: rby on July 10, 2023, 06:34:48 PM

Your analysis were making sense to me but when you mentioned 8k,I really thought it was a mistake, that maybe you wanted to say 18k. But when I read twice the 8k I understood it wasn't a mistake. I have to agree with you that if bitcoin breaks this resistance, we are going to the region of 40k but the otherwise is what I don't see happening

I also agree with your statement, there's no way we're going to $8,000 that'll be horrible to the market.and it'll be like we're experiencing the pandemic year again when Bitcoin fall to $4,000. I know anything is possible with the cryptocurency market but $8,000 is unlikely.

Everything is possible in the cryptocurrency market but $8k is unlikely. Although bitcoin touched and exceeded $31k but it didn't last for long before it fell back to the $30k support and it is still in the region of 30k but very close to sliding to 29k.

I do not wish that the bitcoin price should slide below 30k because if it does, the next support is at $25k which would not be nice for the market because of so much SEC drama happening in the market.

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Quote from: GeorgeJohn on July 17, 2023, 05:31:18 PM

Quote from: CapGelatik on July 17, 2023, 11:11:43 AM

It seems that we cannot see the bottom price of bitcoin in 2023, because the current price of bitcoin is still at $ 30k and can still be considered bullish,
so if we wait for a dump, of course we have to wait for bad news, I don't know whether $ 16k is bottom bitcoin or no,
what is clear is that we have to prepare if the bitcoin price dumps in the rest of this year.

Actually the price of Bitcoin we are having now, i believe that price of bitcoins is moving well and it's appreciate beyond some investor imagination, but that should not make us to come in conclusion that Bitcoin price since it has started to kick off to some valuable amount that means it can't retrace, the market of Bitcoin can retrace but the problem is that many people just meet the small greed color of bitcoins in market and they will believe that Bitcoin price will continue to move up. So the market is unexpect.

For a long time there is no big news as that of the one we heard years back with the adoption of bitcoin from El Salvador. The market needs to be kept active with those kind of positive news coming from different parts of the world. During the same time period there were more institutional investors into the market. Further there is no big player entry. Such things happening around will boost the price and not exceeding $45k

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Quote from: CapGelatik on July 17, 2023, 11:11:43 AM

It seems that we cannot see the bottom price of bitcoin in 2023, because the current price of bitcoin is still at $ 30k and can still be considered bullish,
so if we wait for a dump, of course we have to wait for bad news, I don't know whether $ 16k is bottom bitcoin or no,
what is clear is that we have to prepare if the bitcoin price dumps in the rest of this year.

Actually the price of Bitcoin we are having now, i believe that price of bitcoins is moving well and it's appreciate beyond some investor imagination, but that should not make us to come in conclusion that Bitcoin price since it has started to kick off to some valuable amount that means it can't retrace, the market of Bitcoin can retrace but the problem is that many people just meet the small greed color of bitcoins in market and they will believe that Bitcoin price will continue to move up. So the market is unexpect.

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It seems that we cannot see the bottom price of bitcoin in 2023, because the current price of bitcoin is still at $ 30k and can still be considered bullish,
so if we wait for a dump, of course we have to wait for bad news, I don't know whether $ 16k is bottom bitcoin or no,
what is clear is that we have to prepare if the bitcoin price dumps in the rest of this year.

fzkto

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The bottom was probably at 15k and so far the first half of 2023 is a bitcoin price recovery. I think that a new or previous bottom will not happen this year. I don't know how high the price can rise, because for now bitcoin is in a sideways movement and we can see both rise and fall. But I am sure that the bottom has already happened. The close to the next halving adds confidence that good growth is ahead of us.

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Quote from: Pejoh Asu on July 15, 2023, 11:58:47 PM

I think 2023 is the year for recovery, if there is no scam case that creates a big panic in the market like what happened with FTX then I believe the bitcoin price in 2023 can reach at least $45k, maybe many say that $45k is still a low price but if we look at the situation since the last 2 years, it can be seen that the increase in bitcoin is very difficult to happen so if it can reach $ 45k then it will be a big achievement before the halving day.

Consecutive crypto scam incident of major cryptocurrency affected the entire crypto market into a long bearish streak, by which price of bitcoin also reduce drastically. In 2023 it starts to recover gradually. But Bitcoin will not be able to return to its former ath position this year. It is believed that 50K may be reached but considering the up coming halving the market gradually will be increased, it can be said that Bitcoin will again move towards (ATH) bullish movement in 2024.

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As bitcoin's value plummeted he began thinking about moving money away from the cryptocurrency. They believe that this currency has given expected results in the portfolio recently cryptocurrencies have been on a roll this year so far many investors lost confidence in digital assets. They feel encouraged to invest again it is very important to be aware of the bearish cycle during the banking crisis, confidence in bitcoin increased among investors. Also bitcoin goes down every year not only until 2023 but will rise again this will have to wait patiently.

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Looking into how it has been so far I have to say that it is not going to be that much of a shock, I bet that it is going to be fine. I know that there are a lot of people who still do not know what they are going to do with the money they made so far and they may end up with making a loss and that should be the important case.

I feel like we should be considering the issue as something that would be a price shock to everyone. I know that people are not smart with their money, you can see this with how many people sell their coins when the price is going down, instead of buying more during that time. But at the end of the day, we are going to make some profit from it if we keep holding it and 2023 should not be any different than that.

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I think 2023 is the year for recovery, if there is no scam case that creates a big panic in the market like what happened with FTX then I believe the bitcoin price in 2023 can reach at least $45k, maybe many say that $45k is still a low price but if we look at the situation since the last 2 years, it can be seen that the increase in bitcoin is very difficult to happen so if it can reach $ 45k then it will be a big achievement before the halving day.

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Quote from: aylabadia05 on July 12, 2023, 06:02:12 AM

Quote from: JamesDaniel90 on June 15, 2023, 03:12:04 AM

I bought the other day and we have seen yet another crash since then it feels like there is so much bad news and FUD at the moment.

June was not as bad as the previous month. Being used to the process of rising and falling prices makes us feel like normal.
Bad news and FUD will automatically disappear whenever it rises to the surface with positive news.

Quote from: JamesDaniel90 on June 15, 2023, 03:12:04 AM

I feel like having a break as I am starting to feel we could go close to the lows of last year, not sure if we will go that low but could go close so thinking of waiting until we see at least another 10% drop to buy more.

Don't rest just yet because it's time to keep collecting Bitcoins because the ship we are waiting for is almost at the port.
The developed FUD can be a positive momentum for those of us who want to increase the number of assets in our wallets that we will hold.

If you have been in the crypto space for quite some time you must have graduated from such FUDs and should not be shaken by anyway, from the little experience I have had in this industry when it is an appropriate time for Bitcoin to start its crazy moves, people will be overwhelming with the performance and hardly remember this FUDs, even Luna and FTX collapse will almost be forgotten.

Bitcoin has had a great performance since the beginning of the year and I believe and in my opinion, we will finish the year with a higher price than the current price maybe near $50k or even above the price.

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Quote from: CageMabok on July 15, 2023, 11:48:57 AM

Quote from: YUriy1991 on July 14, 2023, 11:37:57 PM

I think regardless of the situation and market conditions, in plain view this makes people bored and bored with just cooking the price there, and the increase is also not what people who are good at predicting the market say. But, the positive thing is that BTC still provides an opportunity for everyone to own this potential asset for 2023. Yes. adding to the number and no predictions have proven so accurate that 2023 will be this BTC and 2024 will be this way despite rumors that Blackrock's CEO describes cryptocurrencies as an "international asset" that will "go beyond one currency and currency evaluation." and the SEC has officially approved Blackrock's Bitcoin spot ETF application, as has Bitwise.

Now that Bitcoin is starting to stabilize at $30K again, you can see how the market is going now that Bitcoin has started moving sideways to defend itself at a better price. I also think that next year the price of Bitcoin will be better than this year with a more significant rate of increase, but as for the rumor you are referring to I still haven't read it now even though it has been suggested that Bitcoin will become an international asset by surpassing currencies others in the future.

The market have been gaining good stability around $30k and now it need to cross price barriers. Crossing everything price barrier require good resistance and we can expect things to happen close to halving. Till that we will see the price on a fluctuating state where the growth happens to some extent and falls back. In between if some negative news rolls out, we'll see the price down to $25k. So, we can't be sure of the price movement. Already bitcoin is an international asset and surpassing traditional currencies value is simply hard.

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Quote from: YUriy1991 on July 14, 2023, 11:37:57 PM

I think regardless of the situation and market conditions, in plain view this makes people bored and bored with just cooking the price there, and the increase is also not what people who are good at predicting the market say. But, the positive thing is that BTC still provides an opportunity for everyone to own this potential asset for 2023. Yes. adding to the number and no predictions have proven so accurate that 2023 will be this BTC and 2024 will be this way despite rumors that Blackrock's CEO describes cryptocurrencies as an "international asset" that will "go beyond one currency and currency evaluation." and the SEC has officially approved Blackrock's Bitcoin spot ETF application, as has Bitwise.

Now that Bitcoin is starting to stabilize at $30K again, you can see how the market is going now that Bitcoin has started moving sideways to defend itself at a better price. I also think that next year the price of Bitcoin will be better than this year with a more significant rate of increase, but as for the rumor you are referring to I still haven't read it now even though it has been suggested that Bitcoin will become an international asset by surpassing currencies others in the future.

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Quote from: aylabadia05 on July 12, 2023, 06:02:12 AM

Quote from: JamesDaniel90 on June 15, 2023, 03:12:04 AM

I feel like having a break as I am starting to feel we could go close to the lows of last year, not sure if we will go that low but could go close so thinking of waiting until we see at least another 10% drop to buy more.

Don't rest just yet because it's time to keep collecting Bitcoins because the ship we are waiting for is almost at the port.
The developed FUD can be a positive momentum for those of us who want to increase the number of assets in our wallets that we will hold.

Many of us are not new in the market anymore but we can't help to be assuming sometimes. They think Bitcoin is supposed to do something great this time because it's been a while since the last pump have happened.

FUD's can occur from time to time no matter what is the market condition, whether it is in bullish or bearish state. Having a break is not wrong but it is beneficial for one to relax and loosen the stress or tension that builds up over time. The moment he comes back he will now be stronger than ever. And we don't know maybe he already have tons of Bitcoin sitting on his wallet and is only waiting for the right moment to sell it?

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Quote from: rby on July 10, 2023, 06:34:48 PM

Your analysis were making sense to me but when you mentioned 8k,I really thought it was a mistake, that maybe you wanted to say 18k. But when I read twice the 8k I understood it wasn't a mistake. I have to agree with you that if bitcoin breaks this resistance, we are going to the region of 40k but the otherwise is what I don't see happening

I also agree with your statement, there's no way we're going to $8,000 that'll be horrible to the market.and it'll be like we're experiencing the pandemic year again when Bitcoin fall to $4,000. I know anything is possible with the cryptocurency market but $8,000 is unlikely.

Bitcoin has been struggling to cross $31,000 for weeks and before it was $30,000 but Bitcoin finally cross that resistance and now it's struggling with the resistance at $31,000, I think Bitcoin will cross that as well before the months ends then we can be heading to $35,000.

For how low the market can go, I think we have seen how low the market can go this year. If we're to see any low before the year ends then it'll be below $30,000 but not below $25,000. $25,000 should be the least lowest amount the price of Bitcoin could trade/go in 2023.

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Quote from: JamesDaniel90 on June 15, 2023, 03:12:04 AM

I feel like having a break as I am starting to feel we could go close to the lows of last year, not sure if we will go that low but could go close so thinking of waiting until we see at least another 10% drop to buy more.

How is everyone else feeling?

I think regardless of the situation and market conditions, in plain view this makes people bored and bored with just cooking the price there, and the increase is also not what people who are good at predicting the market say. But, the positive thing is that BTC still provides an opportunity for everyone to own this potential asset for 2023. Yes. adding to the number and no predictions have proven so accurate that 2023 will be this BTC and 2024 will be this way despite rumors that Blackrock's CEO describes cryptocurrencies as an "international asset" that will "go beyond one currency and currency evaluation." and the SEC has officially approved Blackrock's Bitcoin spot ETF application, as has Bitwise.

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Quote from: Falconer on July 14, 2023, 02:30:49 PM

Quote from: flyingcarpet on July 14, 2023, 01:07:45 AM

The values in these comparisons give an idea only. I do not act according to these values, because today's events and past years' events may not be the same. As we can see in the table, it does not give us very solid ideas. It may give a good idea for a cycle of only 4 years.

However, by looking at such tables, we can actually see what phases bitcoin has gone through. We can see the volatility of the price and the price can go down one month and go up another month. This chart can give an idea that the market is not stable and that the price is always in motion for the investor.

I will not use data from the table in the picture as a benchmark when I invest. Of course, because I always think that the price of bitcoin will never move the same every month. During the accumulation phase, DCA has helped me earn more bitcoin at a lower price, definitely a good accumulation strategy. There is no certainty at assets that fluctuate all the time, but if you are planning a long term investment then it is best to collect as much as you can.

Past events don't have to be the same in the future, so there are always risks to consider. But right now I think the best advice is to buy with DCA and hold it long term. I think each of us will get commensurate returns after the 2024 halving.

True, No one could indeed predict the future even if we do have those list and doing some charting about those gains and losses on every month on which it wont really be that enough for you to

to consider on relying with those numbers but its not that bad either on having those kind of study and analysis on how it did behave.Just like on what that chart or table that been illustrated above, its not really that meant for assuring on what are the things could happen basing up on some pattern but at least we've been aware on how it do randomly behave on each or in every money.
There's still few months left for this year and we cant really be able to tell on what would be the next movement that it would be having.

Just like on the recent market event that we did start to hit up 32k and then suddenly the price go back on where it was before which is on 30200 on having that ><1000 price movement
in shortest time as possible.

Topic: Bitcoin - how low will we go in 2023? (Read 897 times)