Bitcoin - how low will we go in 2023? - page 5.

nlevenov

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It's easy to say that we expect a crash or pump in certain months and claim ourselves, as good predictors of bitcoin price if bitcoin goes as per our plan. I would rather like to know on what basis one can say that these months will be bad for Bitcoin???

I think it is just our gut feeling and nothing else. No one can predict the price of Bitcoin in the next few months. Yes, we can tell something on the basis of technical analysis but that is nothing to be grantee, and it's only a game of probabilities.

What is wrong with technical analysis? At the end of the day, most of the investing and trading principles are laying on it. Yes, the price is going to drop in the next month or two. I have my buy orders set, so we will see. I am not trying to prove anything, just sharing my prognosis.
*It is not financial advice. Wink

romero121

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Quote from: Wiwo on June 15, 2023, 05:54:54 PM

The best practice is to take a break whenever you feel and convinced that the price of Bitcoin will go more deeper, no one knows how far this current correction will go but at the same time, long-term holders will have the upper hand at the end of the day, so instead of selling at the low price it better to keep holding while limiting your buy in order in other to prevent further losses if the market continues in the declining condition.

So there is no need to panic, rather it is time to hold back and watch for the next possible action that the market is going to take.

None is sure about the price drop. Whenever such scenario arises it is good to take break or it is better to stay on the safer side. According to experts, every drop in price need to be considered as an opportunity. In such thoughts it is good to go with DCA whenever you prefer making an investment into bitcoin. The market correction have taken place reaching around $25k and slowly it have started to grow slowly. Maybe for some time period it can move within $27k.

nlevenov

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I am definitely expecting a crash in July and August. It is hard to say how much the price will drop but if I know one thing for sure is the bull market still has some time to begin.

Wiwo

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The best practice is to take a break whenever you feel and convinced that the price of Bitcoin will go more deeper, no one knows how far this current correction will go but at the same time, long-term holders will have the upper hand at the end of the day, so instead of selling at the low price it better to keep holding while limiting your buy in order in other to prevent further losses if the market continues in the declining condition.

So there is no need to panic, rather it is time to hold back and watch for the next possible action that the market is going to take.

blockman

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

How is everyone else feeling?

Just fine as I see that there's a quick recovery for Bitcoin.

Quote from: Volgastallion on June 15, 2023, 04:48:56 PM

The more FUD then more publicy we have then more FUD and this its gonna be endless until we take the rocket again.

This is the reality in this market, there will be unstoppable FUD that shall come from unexpected times. And you just can't be confident that nothing is gonna happen when everything is calm. You'll see news media outlets spreading FUD from individuals that have names in different markets just to manipulate the market.

Volgastallion

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The more FUD then more publicy we have then more FUD and this its gonna be endless until we take the rocket again.

Another thing i really think its, meanwhile the usd dollar and the traditional markets are unstable they are gonna spread a lot of FUD in new markets like crypto and etc, because they dont want to see that money go out from the traditional systeam against the new one. When all comes to a more quiet water we can see a decrease in the FUD in general.

MinoRaiola

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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?

The price has fallen in the last few days and it did not look good, but currently it is going up again and I think there is a reason for that. The world biggest Assetmanager will submit an application for a BTC-ETF. I mean BlackRock. And I know BlackRock holds a big stake in MircoStrategy. There are other sources, but i currently only have a german version. And if you want to keep bitcoin for a long time, then 10% drop is not a big deal, if Bitcoin makes a x5-10 in the future.

Gerüchte um Blackrock Bitcoin ETF: Wie stehen die Chancen?
German Source: https://www.btc-echo.de/news/geruechte-um-blackrock-bitcoin-etf-wie-stehen-die-chancen-166170/

serjent05

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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 am feeling normal. This kind of market movement is just a normal trend of Bitcoin. Exchanges getting sued or shut down is also a normal thing in crypto industry. US SEC charging important institution for crypto market is also a normal event in crypto Industry. I would say not to wait for another 10% drop, just DCA since more fund spending buying @ a lower price can always be turned into a profit especially since Bitcoin is way past on the half-point of its cycle and is nearing to get bullish as the halving is getting closer.

Mate2237

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The crash or the dip is affecting everyone and also in the time people are benefiting from it. For the bitcoin market all sides are beneficiary to smomeone. People buy and sell at all period. Traders are very much happy in the bull time while those who buy and store ir, that the holders are happy when the price is in the bear market.

Op since you bought it when the market was crashing and since you are keeping it for future bull time then you don't have to e disturbed because time is co.ing that everything will be okay.

FiveG

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At this point nobody knows actually what to said, the truth is that the lows keep going down breaking the old years records because even natural policy do not act in favour of bitcoin this year, so I suggests you keep taking advantage of falling price or stay off for sometimes.

someone703

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You need to develop a strong long-term mindset and commit to holding your investments despite market fluctuations. Having a flexible approach can be valuable in navigating the ups and downs of the cryptocurrency market. Also, taking a break from actively watching the market can really provide a mental respite and help you gain perspective. Because the cryptocurrency market can be volatile anyway, it is unpredictable what will happen next. Taking a step back gives you time to reflect, so you can make more informed decisions based on your long-term investment strategy and goals.

Dr.Bitcoin_Strange

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

How is everyone else feeling?

I feel that a golden opportunity is coming where I can buy at a lower price, but at the same time, I know that what seems to be a golden opportunity is not guaranteed because the market, being so dynamic, could just take a turn overnight and before you know it, it's trading above $30k or $40k. So, since I am not certain and the price analysis is not even 100% guaranteed, I just have to be DCAing when I have some USD to invest. Even if I am expecting the golden opportunity to buy lower, I can keep DCAing until the opportunity has fully presented itself; otherwise, I might wait in vain to buy at the very dip, but it will not come. Someone wanted to buy Bitcoin at $12k last year, but I told him that Bitcoin could not drop that low. He didn't believe me since I am not an expert, but he ended up buying it at $20k.

Inwestour

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Quote from: Rabata on June 15, 2023, 08:00:44 AM

In recent times, the SEC case against Binance is going to have a big impact on the crypto market. But investors are always advised to prepare a long time investment plan. At any time the market can move from positive trend to negative. This happens often in cryptocurrency market. Since Binance is one of the largest exchanges in the world, there will be some temporary effects. Currently the market is slightly above $25k but it is likely to go down further. At this point one should just research for the purchase without panicking. Because Bitcoin may show a big bullish trend in 2024. But investors have to be patient till that moment.

Binance has been under pressure for a long time, and the downward movement of bitcoin is due to a combination of factors, in particular, the fall began after yesterday's Fed meeting when it became clear that the interest rate would remain unchanged. I didn’t think that such a reaction of bitcoin would follow, but I repeat, I think that this combination of many factors influenced bitcoin, and perhaps for some time the price will fall, but at the moment I don’t expect a drop below 20k.

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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 guess we are at the yearly low already or pretty close to it. I don't think we will fall any lower. In fact, I'm surprised we are here, I was hoping for some $30-35k arena at this point. Last cycle, 2019 was sideways with very few fluctuations and in 2020 the growth resumed. I guess it should be similar this time too.

Lucius

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Quote from: JamesDaniel90 on June 15, 2023, 03:25:02 AM

Yeah, I have been in crypto 18 months now and it has just been a long 18 months and for the first time feel it testing my patience.

Congratulations on your first 1.5 years in the world of cryptocurrencies, and I hope next years will be at least a little less stressful for you. Since I know your story well, I hope you're a little less exposed to altcoins, and a little more in BTC and maybe some other alternatives.

Quote from: JamesDaniel90 on June 15, 2023, 03:25:02 AM

I will hold though will not be selling anything and just keep reminding myself 2024/2025 will hopefully be better times for us all.

From your perspective, the year may look bad, but just remember the last few months of last year, and compare it to this year and you will see that the price of BTC has significantly recovered, and that means that all those who invested in it do not have too much to worry about. If you're into altcoins then it's definitely a different story given what's going on right now, but that was a risk you had to take from the beginning.

The question of how low the price will go this year is something that is difficult to answer, but obviously a lot depends on what happens in the US in the coming months. However, even if nothing were happening I wouldn't be surprised that the price is going down, because the moment we are in is still very unfavorable for any pumps that are speculated about.

CODE200

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If I'm being honest right now, I'm wishing for bitcoin to go lower right now because I am nearing my payday and I want my next top up to be worth my money, have been accumulating bitcoin slowly through DCA and I would probably blow half of my paycheck if the price would go much much lower than usual, fuck the vacation plans, the restaurants I want to check out and the stuff that I plan to buy, they can wait or maybe even get an upgrade for the stuff I plan to spend on if the bitcoin I've accumulated grants me glorious profit. The race is towards the halving, accumulate as much as you can before the halving because we know that bitcoin's going to break the highest price and you don't want to be empty-handed when that happens.

safar1980

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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?

Better think about how much the price of bitcoin can rise after the halving. Bitcoin mining cost after halving should be in the range of $20,000-$30,000.

The cost of mining bitcoin from large miners
https://bitcointalksearch.org/topic/m.62374983
It is difficult to buy bitcoin when its price drops, but the $18-20k zone will probably be the last one in this decline.

Adbitco

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Actually this is really a though time for the market anyone investing should get some break before going further to invest, there are lot of trouble around the crypto space. This is not only Binance but I think Coinbase is also facing same issues as binance so, there's so much trouble affecting the market due to SEC watching understand Binance.us and Coinbase exchange.

Best is the hold on a bit just as you said possible -5 percent or and above you may buy back to hold, but as a smart investor all these bad news will also raise another crypto millionaire by 2024 during or after bitcoin halving. You may read more about the turbulence over here.

buwaytress

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"at the moment"? Where've you been the last 12 months or so? Ha, it's been FUD for at least a year now and on a downhill slide since SBF's fall.

Still, I like how the FTX drama feels very recent, and that halving feels not too far away -- meaning we won't have much time to enjoy this DCA period before the FUD dries up and then the fomo lays it on thick.

In 2023, what I find hard to believe is people are still worried at $25k BTC, and waiting for a "10% dip".

Rabata

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In recent times, the SEC case against Binance is going to have a big impact on the crypto market. But investors are always advised to prepare a long time investment plan. At any time the market can move from positive trend to negative. This happens often in cryptocurrency market. Since Binance is one of the largest exchanges in the world, there will be some temporary effects. Currently the market is slightly above $25k but it is likely to go down further. At this point one should just research for the purchase without panicking. Because Bitcoin may show a big bullish trend in 2024. But investors have to be patient till that moment.

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