Bitcoin is about to have its biggest monthly gain since October 2021.

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Quote from: fullhdpixel on October 11, 2022, 05:42:22 AM

Quote from: sayaya17 on October 08, 2022, 03:16:45 PM

Although today there are still countries that have not legalized Bitcoin, but this cannot stop the rapid development of Bitcoin. Even the demand
for Bitcoin continues to increase, that's because traders or investors who come from countries that consider Bitcoin illegal still have ways to invest
in Bitcoin. This means that people who buy Bitcoin are not only from people who come from countries whose governments legalize Bitcoin,
but nowadays quite a lot of people living in countries that think Bitcoin is illegal can buy Bitcoins.

There aren't that many nations which hasn't legalized bitcoin, and none that I know of at the top of the economic rankings. Which means all of the big nations already accept it as a good thing and allow people to trade it.

Yes, and if I'm not mistaken, bitcoin is more attracted to economy that is still growing or developing, just like most in Asia and in Africa and part of Central and Latin America wherein we see a lot of adoptions recently. But developed nations like US I would say is in the gray area, but it doesn't mean they are against it, they just want regulations.

Quote from: fullhdpixel on October 11, 2022, 05:42:22 AM

The scarcity of bitcoin is a great thing that will make it go up even more, because there are a lot of bitcoins already gone, a lot of them hold long term by funds, and a lot of them are not even on the trading block. Which means that we have a very limited number of bitcoins being traded every day, back and forth, which makes it volatile and it both increases and decreases in a volatile manner because of this situation.

Scarcity and demand, that is two factors that will make the price go up in the future. Just imagine in the next bitcoin halving, after that we will see another growth as everyone is going to fight because it reduces the rate at which new coins are "minted". And so with that, the demand will skyrocketed.

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Quote from: sayaya17 on October 08, 2022, 03:16:45 PM

Although today there are still countries that have not legalized Bitcoin, but this cannot stop the rapid development of Bitcoin. Even the demand
for Bitcoin continues to increase, that's because traders or investors who come from countries that consider Bitcoin illegal still have ways to invest
in Bitcoin. This means that people who buy Bitcoin are not only from people who come from countries whose governments legalize Bitcoin,
but nowadays quite a lot of people living in countries that think Bitcoin is illegal can buy Bitcoins.

There aren't that many nations which hasn't legalized bitcoin, and none that I know of at the top of the economic rankings. Which means all of the big nations already accept it as a good thing and allow people to trade it.

The scarcity of bitcoin is a great thing that will make it go up even more, because there are a lot of bitcoins already gone, a lot of them hold long term by funds, and a lot of them are not even on the trading block. Which means that we have a very limited number of bitcoins being traded every day, back and forth, which makes it volatile and it both increases and decreases in a volatile manner because of this situation.

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Quote from: cryptomaniac_xxx on October 08, 2022, 01:55:38 PM

Quote from: ?? on ??

Quote from: imamusma on October 07, 2022, 10:27:30 AM

Quote from: Slow death on October 07, 2022, 09:19:13 AM

the price is falling a lot due to the world crisis that is having thanks to the war in ukraine,

You are right, the economic crisis and inflation that hit the world today have disrupted many investment sectors. Bitcoin is no exception, bitcoin price has dropped although it hasn't dropped to a low of over $17K so far. I'm not sure where this year's low is, but of course gains can always be expected so the post ATH loss percentage can be corrected.

Going forward, bitcoin still has the potential to please its long-term holders especially if they are currently buying in bulk. The next halving will occur in the next few years, and that will lead many to believe that the market will recover and hit ATH again. The consequence now is to be extra patient and buy whatever we can, this will definitely be profitable and profitable.

.

The great potential of Bitcoin is that more countries legalize so that it will be very valuable in the future, the amount of stock cannot be added so that what happens is to increase large demand and make prices skyrocketed quickly, the best we do is be patient for hold bitcoin.

Well the potential is already there, even if there are countries not legalizing it. As long as there are traders and investors more willing to pour their money on the market, then no doubt that the price will continue to rise due to the demand.

Although this is a bear market, it's not the end of it all. After bitcoin block halving, expect the price to soar again and reaches all time high in 2024-2025.

Although today there are still countries that have not legalized Bitcoin, but this cannot stop the rapid development of Bitcoin. Even the demand
for Bitcoin continues to increase, that's because traders or investors who come from countries that consider Bitcoin illegal still have ways to invest
in Bitcoin. This means that people who buy Bitcoin are not only from people who come from countries whose governments legalize Bitcoin,
but nowadays quite a lot of people living in countries that think Bitcoin is illegal can buy Bitcoins.

That's what makes Bitcoin tend to rise in price, especially the limited supply of Bitcoin, which will make Bitcoin more expensive in the future.
Especially after the Bitcoin halving occurs it will make the Bitcoin pump price very high and can reach new ATH. So now in a bear market situation,
we should use it to collect as much Bitcoin as possible. Because it is very likely that in 2024/2025 the price of Bitcoin will reach new ATH,
so we can make big profits, if we already have a large amount of Bitcoin.

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Quote from: imamusma on October 07, 2022, 10:27:30 AM

Quote from: Slow death on October 07, 2022, 09:19:13 AM

the price is falling a lot due to the world crisis that is having thanks to the war in ukraine,

You are right, the economic crisis and inflation that hit the world today have disrupted many investment sectors. Bitcoin is no exception, bitcoin price has dropped although it hasn't dropped to a low of over $17K so far. I'm not sure where this year's low is, but of course gains can always be expected so the post ATH loss percentage can be corrected.

Going forward, bitcoin still has the potential to please its long-term holders especially if they are currently buying in bulk. The next halving will occur in the next few years, and that will lead many to believe that the market will recover and hit ATH again. The consequence now is to be extra patient and buy whatever we can, this will definitely be profitable and profitable.

.

The great potential of Bitcoin is that more countries legalize so that it will be very valuable in the future, the amount of stock cannot be added so that what happens is to increase large demand and make prices skyrocketed quickly, the best we do is be patient for hold bitcoin.

Well the potential is already there, even if there are countries not legalizing it. As long as there are traders and investors more willing to pour their money on the market, then no doubt that the price will continue to rise due to the demand.

Although this is a bear market, it's not the end of it all. After bitcoin block halving, expect the price to soar again and reaches all time high in 2024-2025.

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Quote from: ?? on ??

The great potential of Bitcoin is that more countries legalize so that it will be very valuable in the future, the amount of stock cannot be added so that what happens is to increase large demand and make prices skyrocketed quickly, the best we do is be patient for hold bitcoin.

As long as trading and investment are not prohibited by many countries, then bitcoin will still have the potential to get a high price. I know bitcoin is a currency that is expected to be adopted as legal tender in many countries, but I don't think that's the only reason why bitcoin has potential.

I have no doubts about bitcoin, neither should you. Bitcoin has proven so much to the world that many people are starting to think it is a better investment asset than gold and others. If you are confident about the future of bitcoin, then you should have it in your investment portfolio from now on.

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Quote from: Slow death on October 07, 2022, 09:19:13 AM

the price is falling a lot due to the world crisis that is having thanks to the war in ukraine,

You are right, the economic crisis and inflation that hit the world today have disrupted many investment sectors. Bitcoin is no exception, bitcoin price has dropped although it hasn't dropped to a low of over $17K so far. I'm not sure where this year's low is, but of course gains can always be expected so the post ATH loss percentage can be corrected.

Going forward, bitcoin still has the potential to please its long-term holders especially if they are currently buying in bulk. The next halving will occur in the next few years, and that will lead many to believe that the market will recover and hit ATH again. The consequence now is to be extra patient and buy whatever we can, this will definitely be profitable and profitable.

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Quote from: bots1 on October 07, 2022, 08:50:33 AM

Although until now no one can predict with certainty the price of bitcoin in the future. However, some analysts are optimistic that bitcoin prices will rise again next year, although it will take several months. Therefore, in the current market situation, it is hoped that we do not need to panic and remain calm to set up an investment strategy because the market conditions are not yet stable.

Right now it is not about panic that everyone needs to think about although the certainty of the price increase in Bitcoin is not known when accurately. But what people who still believe in Bitcoin need to implement at this time is to get more Bitcoin at a lower price. Because it is part of the strategy to profit when the price increase again occurs in Bitcoin later. I personally still strongly believe that Bitcoin can still increase very well, although for now it is not at all seen in Bitcoin.

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Quote from: bots1 on October 07, 2022, 08:50:33 AM

Quote from: sunsilk on October 04, 2022, 08:37:29 AM

Quote from: bots1 on October 04, 2022, 07:38:15 AM

I am optimistic that the bitcoin price will not drop to the $17k area and even stabilize above $20k until the end of this year.

I'm also optimistic and looking at that part that we've seen already the lowest for this entire cycle and for the next months, it'll be like a slow walking uphill again back close to ATHs that we've met down here.

Although until now no one can predict with certainty the price of bitcoin in the future. However, some analysts are optimistic that bitcoin prices will rise again next year, although it will take several months. Therefore, in the current market situation, it is hoped that we do not need to panic and remain calm to set up an investment strategy because the market conditions are not yet stable.

the price is falling a lot due to the world crisis that is having thanks to the war in ukraine, even if someone is not an expert can see that in times of financial crisis people do not invest money in high risk assets especially when it comes to a crisis generated by a war in which several richer countries are also involved in the conflict and the war is far from having its end so people are already aware that they need to withdraw money and save it and then watch when and when the crisis will end, just if ask: who in ukraine will be worried about buying bitcoin instead of taking everything they can and hiding in a safe place? how many people from russia are managing to circumvent the sanctions? the prices of all food products went up a lot and the price of fuel in my country and in other countries also went up a lot because of this crisis. probably next year we will be in a bad situation if the war doesn't end

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Quote from: sunsilk on October 04, 2022, 08:37:29 AM

Quote from: bots1 on October 04, 2022, 07:38:15 AM

I am optimistic that the bitcoin price will not drop to the $17k area and even stabilize above $20k until the end of this year.

I'm also optimistic and looking at that part that we've seen already the lowest for this entire cycle and for the next months, it'll be like a slow walking uphill again back close to ATHs that we've met down here.

Although until now no one can predict with certainty the price of bitcoin in the future. However, some analysts are optimistic that bitcoin prices will rise again next year, although it will take several months. Therefore, in the current market situation, it is hoped that we do not need to panic and remain calm to set up an investment strategy because the market conditions are not yet stable.

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Quote from: feeling sound on August 01, 2022, 09:31:42 PM

but we should just get a bit happy for the moment now, we don't get such times always in crypto and especially after the years past few months.

I think you're right on this now.

Compared to the last bear market, it was by far the bloodiest that we have ever seen. I'm talking about the bear market of 2018. And that's why I think that I agree to what you've said that we should get a bit happy as of the moment because we're experiencing the same situation but entirely with a different gap.

Quote from: bots1 on October 04, 2022, 07:38:15 AM

I am optimistic that the bitcoin price will not drop to the $17k area and even stabilize above $20k until the end of this year.

I'm also optimistic and looking at that part that we've seen already the lowest for this entire cycle and for the next months, it'll be like a slow walking uphill again back close to ATHs that we've met down here.

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Quote from: Dave1 on August 23, 2022, 10:54:46 PM

Quote from: bots1 on August 23, 2022, 11:51:07 AM

No one knows for sure how long the rally in bitcoin and altcoin prices will continue. Even though the current bitcoin price is above $20k, but it's still under $25k. Even so, to go bullish, bitcoin must be able to pass the price area above $30k. Therefore, let's see if bitcoin is able to be bullish in the midst of the world's economic conditions that are not doing well.

The rally has ended though, we are again back to $21k, when we thought that $25k can sustain its run, but majority of us are wrong. So forget about $30k for now, the short term price that we should target is still $25k, although we have breached it already, it's not that sustainable, which means that is going to be the psychological barrier as traders keeps on selling whenever we hit that price.

So no, we will not see the biggest monthly gain since October 2021, it's just pure hype but not enough momentum to push through this last couple of days before the end of this month.

Right. it seems that the bitcoin price rally has ended for this year, especially since the last few months until now the bitcoin price is still difficult to reach above $25k. However, even though the crypto market is still unstable, I am optimistic that the bitcoin price will not drop to the $17k area and even stabilize above $20k until the end of this year.

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Quote from: feeling sound on August 01, 2022, 09:31:42 PM

After the start of a much-needed bullish relief this week, bitcoin and crypto are inching closer to getting the best monthly gain since October of 2021when we had the release of the first Futures ETF Bitcoin in the US. That's indeed some much-needed and appreciated relief we are getting right now after months of constant extreme fear and red candles.

Too much for this first futures Bitcoin ETF in the US. There is no price increased, still the same $25k bound and then it won't hard again to $20k'ish. Just another reminder that even if there is good news, if we are in a bear market, no amount of news will turn the tide.

Quote from: feeling sound on August 01, 2022, 09:31:42 PM

How long we will continue to rally or how sustainable this rally is, is quite debate-able but we should just get a bit happy for the moment now, we don't get such times always in crypto and especially after the years past few months. Also, we are not having any significant planned economic event next month as there is no FOMC to raise rates. So we may have some space left on this rally…

It's obvious that there is no rally that will sustained it, hopefully the price target is $30k, but we were stop on track to $25k. There is still the war and then the inflation rate in the US continue to soar, and dollar losing it's value against local currencies.

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Quote from: feeling sound on August 01, 2022, 09:31:42 PM

After the start of a much-needed bullish relief this week, bitcoin and crypto are inching closer to getting the best monthly gain since October of 2021when we had the release of the first Futures ETF Bitcoin in the US. That's indeed some much-needed and appreciated relief we are getting right now after months of constant extreme fear and red candles.

How long we will continue to rally or how sustainable this rally is, is quite debate-able but we should just get a bit happy for the moment now, we don't get such times always in crypto and especially after the years past few months. Also, we are not having any significant planned economic event next month as there is no FOMC to raise rates. So we may have some space left on this rally…

But it is near closing of August , almost month after this post was created yet there are no sign of that claim as bitcoin will gain highest monthly since october 2021? mind explaining and telling us when this will come?
I have been waiting since April yet nothing is coming lol.

Quote from: StreakW on August 30, 2022, 03:42:57 AM

Although lately the price of bitcoin has started to increase, I am not sure if the current increase will continue. Especially in the midst of the uncertainty of global economic conditions, the risk in the global market is still high and the price of bitcoin still has the potential to decline.

well OP is placing this for the month of August in which seemingly nothing will ever happen close.

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Although lately the price of bitcoin has started to increase, I am not sure if the current increase will continue. Especially in the midst of the uncertainty of global economic conditions, the risk in the global market is still high and the price of bitcoin still has the potential to decline.

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This is really great news and you gave me the goose bumps and the chills from reading your prediction for bitcoins price. Now we must wait and hope this is a reality and not just a wishful thinking scenario.

If it is true we will all be happy and rewarded for hodling our precious coins.

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Quote from: Morosophy on August 04, 2022, 12:51:35 AM

This is really good. I am really optimistic about price increases in the future.

Many people are happy due to the price gain that going to happen. But there will be also many people who will frown on this matter. They will complain on the fact that, they missed the golden opportunity to buy the coins.
Nevertheless the bear market here will last for couple of more months, so yes if anyone has missed buying the coins, buy it now.
Let’s see when this bear market ends and then only all the panicked seller will regret about their decisions.

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Quote from: Taskford on August 24, 2022, 03:02:20 AM

For sure you only guess those one since you are speculating about possible huge pump because bear market happens. But actually if we are just realistic and see the current happening we can say that maybe its hard for those speculations to get hit because we don't know what future could bring those untold events that might came to bitcoin and also with other altcoins.

We never really know what the future will be like, but we know that it is not going to be bad at all, and that is why it is such an important part of the crypto speculation deal. I mean we can talk about what it will be and what it won't be and I can say 50k you can say 5k and we can discuss forever but at the end of the day we will learn the result together and only one person will be right about up and down. Doesn't mean that this person will be right all the time neither, could be right now, could be wrong later on.

This is why it is better to just focus on what you can believe in, and making money that way instead of keep working towards something else.

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For sure you only guess those one since you are speculating about possible huge pump because bear market happens. But actually if we are just realistic and see the current happening we can say that maybe its hard for those speculations to get hit because we don't know what future could bring those untold events that might came to bitcoin and also with other altcoins.

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Quote from: bots1 on August 23, 2022, 11:51:07 AM

No one knows for sure how long the rally in bitcoin and altcoin prices will continue. Even though the current bitcoin price is above $20k, but it's still under $25k. Even so, to go bullish, bitcoin must be able to pass the price area above $30k. Therefore, let's see if bitcoin is able to be bullish in the midst of the world's economic conditions that are not doing well.

The rally has ended though, we are again back to $21k, when we thought that $25k can sustain its run, but majority of us are wrong. So forget about $30k for now, the short term price that we should target is still $25k, although we have breached it already, it's not that sustainable, which means that is going to be the psychological barrier as traders keeps on selling whenever we hit that price.

So no, we will not see the biggest monthly gain since October 2021, it's just pure hype but not enough momentum to push through this last couple of days before the end of this month.

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No one knows for sure how long the rally in bitcoin and altcoin prices will continue. Even though the current bitcoin price is above $20k, but it's still under $25k. Even so, to go bullish, bitcoin must be able to pass the price area above $30k. Therefore, let's see if bitcoin is able to be bullish in the midst of the world's economic conditions that are not doing well.

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Quote from: ethereumhunter on August 05, 2022, 06:05:22 AM

I think the rally will come back later after bitcoin gets another big support but we have to be patient to wait until the moment comes again. Currently, bitcoin is still trying to increase again after yesterday's fall but unfortunately, the current increase still can't make the price go up again so we are still waiting.

It's got already on a support and has overcome the bottom that we've seen on $17k.

Quote from: ethereumhunter on August 05, 2022, 06:05:22 AM

We can be grateful now that the price is back to the $23k level, although we are still far from that rally but at least this is a breath of fresh air for bitcoin and if the time comes, we can see that rally back.

Yes, this is a better view than we see it stay for long under $20k. Bitcoin is imminent to rise and there's no other way where it will be heading. From the top to bottom and bottom to the?

Yes. Going to the top again.

Quote from: pooya87 on August 05, 2022, 11:45:25 AM

There really isn't that many options left other than rising.

I agree.

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Quote from: Reatim on August 05, 2022, 06:46:45 AM

price will at least reach another good rally after the next halving of bitcoin that will happen in the next 3 years from now

There is only about 90k blocks left to the next halving which would take about 1 year and 9 months.
As for the rally, It will happen way before the halving since we already had the massive crash and the bear market and currently we are at the bottom in what looks like the accumulation phase. There really isn't that many options left other than rising.

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Quote from: ethereumhunter on August 05, 2022, 06:05:22 AM

I think the rally will come back later after bitcoin gets another big support but we have to be patient to wait until the moment comes again. Currently, bitcoin is still trying to increase again after yesterday's fall but unfortunately, the current increase still can't make the price go up again so we are still waiting.

We can be grateful now that the price is back to the $23k level, although we are still far from that rally but at least this is a breath of fresh air for bitcoin and if the time comes, we can see that rally back.

later? i'm not sure that it will come that soon mate , instead another year must move before this finally come as the speculation is that price will at least reach another good rally after the next halving of bitcoin that will happen in the next 3 years from now

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Quote from: ethereumhunter on August 05, 2022, 06:05:22 AM

I think the rally will come back later after bitcoin gets another big support but we have to be patient to wait until the moment comes again. Currently, bitcoin is still trying to increase again after yesterday's fall but unfortunately, the current increase still can't make the price go up again so we are still waiting.

We can be grateful now that the price is back to the $23k level, although we are still far from that rally but at least this is a breath of fresh air for bitcoin and if the time comes, we can see that rally back.

The CPI rate will release on the newt few days which I believe the reason for the sudden weaken of the bulls. And also I definitely don’t believe that current rally is what everyone expecting that will put us on the new ATH because the economy is worsen due to many turmoils on globally. We should think realistic or else we might suffer a terrible loss like what happened on 2017 bull run. There’s also a relief like this when the price goes down to the bottom.

The current gain is not sufficient to conclude that we are already in bullrun because it needs more volume to overturn this kind of price trend and beat the ATH.

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I think the rally will come back later after bitcoin gets another big support but we have to be patient to wait until the moment comes again. Currently, bitcoin is still trying to increase again after yesterday's fall but unfortunately, the current increase still can't make the price go up again so we are still waiting.

We can be grateful now that the price is back to the $23k level, although we are still far from that rally but at least this is a breath of fresh air for bitcoin and if the time comes, we can see that rally back.

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Quote from: adaseb on August 04, 2022, 10:42:27 PM

Many stocks are already pumping lots off their lows. What traders are thinking is that next months CPI print will be low and that implies we peaked. Since we peaked the fed won’t doing anything crazy like 1% rate hikes.

So the markets are calm. But there is still a long way to go. Too much tensions in the markets with what happened with Pelosi and Taiwan earlier this week. However it looks like maybe that was the bottom.

Yeah I think what has surprised me somewhat is how quickly a lot of analysts appear to have changed their minds just on the last few weeks of data coming out. See, a month ago the same numbers were already predicted (cpi and fed rates) and in fact actual figures were worse, and the thinking then was that it was a deep and long recession, and why we would still see a bottom as the reality would become more apparent.

Now they are thinking this is it. When nothing opposite of what was expected actually happened. Strange, no?

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I do agree that it won't be an easy ask, it is going to take a while before we could see it get a big raise like that. I am not saying that we won't get an increase, we may, but just because we could doesn't mean that it will be something like that, it was a huge one back in those days, I am not expecting anything huge like that right now.

Maybe reach to 25k and even peak at 28k this month, it would be a great start of a bull run, and the month after that could be 32k or 35k and so forth, but not a huge increase in a single month, that’s now how bitcoin goes up. Look at all the previous bull runs and you will see that it takes about two months of going up steadily first before it could rise too much.

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Quote from: feeling sound on August 01, 2022, 09:31:42 PM

After the start of a much-needed bullish relief this week, bitcoin and crypto are inching closer to getting the best monthly gain since October of 2021when we had the release of the first Futures ETF Bitcoin in the US. That's indeed some much-needed and appreciated relief we are getting right now after months of constant extreme fear and red candles.

How long we will continue to rally or how sustainable this rally is, is quite debate-able but we should just get a bit happy for the moment now, we don't get such times always in crypto and especially after the years past few months. Also, we are not having any significant planned economic event next month as there is no FOMC to raise rates. So we may have some space left on this rally…

I do not really see how you can be so bullish, the price is just ranging and going nowhere and this has been the case for weeks, before we see any kind of important upward movement the price needs to overcome the 25k resistance level, something that I do not think it is going to be easy as the political environment which we are experimenting is extremely negative so I doubt investors are going to be too eager to take any risk at the current time.

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Many stocks are already pumping lots off their lows. What traders are thinking is that next months CPI print will be low and that implies we peaked. Since we peaked the fed won’t doing anything crazy like 1% rate hikes.

So the markets are calm. But there is still a long way to go. Too much tensions in the markets with what happened with Pelosi and Taiwan earlier this week. However it looks like maybe that was the bottom.

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Quote from: LFC_Bitcoin on August 03, 2022, 01:06:46 PM

Every green monthly candle is a good thing but i am yet to see anything that says to me we are 100% out of the bear market. We’re still in a really tight, weakling price range between $19,000 - $25,000. Until we break out of this range we don’t know what’s going to happen. We can’t even break $25,000 at the moment.

I just think this is the usual bear market we have after a sustained bull market run. There isn’t anywhere near enough buying at the moment to confirm a change in sentiment.

Bear market until we break $30,000 again imo.

Yeah, it seems that the biggest barriers are $30,000, and it will take a lot of money just to get to that price range this year. But first, $25,000, but then again, we almost reach that price though, we go to as high as $24,000, but that growth was not sustainable and now we hear about US, China tensions over Taiwan. So when we thought that we can go high and shows some signs and moving to the next key resistance, the price goes down again.

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Quote from: yhiaali3 on August 04, 2022, 03:19:51 PM

We do not know if this recovery will last for a long time. The market has been in flux for a long time and this temporary rise does not indicate much. Yes, there was some recovery in the price of Bitcoin and some other coins, but this did not last long and began to decline, most likely this volatility stage will last for some the time.

After there is no recovery, of course we get over the last lower lows of $17,500. But still we are still struggling to just keep our nose above the $20k, and there are huge mental barrier around the $25k-$28k. So as what the title says here, biggest monthly gain? no, not going to happen, we will continue to fight $20k and until we reach $30k, there will be no movement next month or even up to December of this year.

doomloop

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Quote from: LFC_Bitcoin on August 03, 2022, 01:06:46 PM

Every green monthly candle is a good thing but i am yet to see anything that says to me we are 100% out of the bear market. We’re still in a really tight, weakling price range between $19,000 - $25,000. Until we break out of this range we don’t know what’s going to happen. We can’t even break $25,000 at the moment.

I just think this is the usual bear market we have after a sustained bull market run. There isn’t anywhere near enough buying at the moment to confirm a change in sentiment.

Bear market until we break $30,000 again imo.

It can give us a good impression because we think the price is now ready to rise but like you said there are still some doubts if we can continue for the better or not because the past scenario's already give us a lesson to not get confident/excited too easily. This isn't 100% but I think this is only 10 percent for us to say that we are now out of the bear market. We already broke 19, 20, and 21k but the price is now staying at 22 and 23k levels.

Once we touch 24k then I believe that it will easily continue to 25k but that was only 25 to 30 percent of the "we are out of the bear market" meter, you are saying. I think 100 percent can still take a long time to happen.

yhiaali3

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We do not know if this recovery will last for a long time. The market has been in flux for a long time and this temporary rise does not indicate much. Yes, there was some recovery in the price of Bitcoin and some other coins, but this did not last long and began to decline, most likely this volatility stage will last for some the time.

tygeade

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Quote from: yazher on August 03, 2022, 08:02:59 AM

Quote from: OgNasty on August 02, 2022, 03:04:20 AM

It is good news that the market has seen such strong action since the recent lows. I think we still have a few months of accumulation before the tides turn and the price starts it’s ascent for the next run. Support has been surprising though. The market to me feels pretty strong as we approach mtgox distribution time.

the good thing is, the price hasn't continued to further down to $10k which is really kinda hard for the investors to recover soon. Thankfully we are heading to the point where we see some light at the end of the tunnel this might be just some speculation but in reality, it could really happen. Based on the current crypto market movement, the price is slowly changing course positively and it's all green in the market this week until today it has never stopped. it's slowly regaining its old price, we never know it could be the first step to getting back to $30+ again or more.

That is more than enough for us, there isn't really a discussion about what to do when you have something so special in your hands. I get that people may or may dislike the fact that it didn't reach 10k. Liked is easy to explain because people want it to go up, but dislike is a bit more hidden which is the fact that it would take a while before people could realize they can't buy it that cheap again, hence why they wanted it to be cheaper.

This is why I do not see how that would not matter, I believe that it would be going up soon but that doesn't change the fact that even if it goes up, we could always keep on buying even at higher prices, because having more bitcoins could never hurt.

Yaunfitda

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As much as we wanted to remain bullish, I don't see this prediction happening. I mean just look at the price, we can't even get the hump of the next big barrier of $25k. Of course we wanted to see the price growing in the next couple of months. But if we are going to based on pure speculation like this one, hmm, might be better to not expect something big so that we will not be disappointed at the time. Maybe we have hit the all time lows already, so that is good enough for me. But to say that we are in rally wherein it's obvious there is none, it's better just to see how the market will progress and again, don't anticipate something big as we are still in the bear market.

Morosophy

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This is really good. I am really optimistic about price increases in the future.

dragonvslinux

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Quote from: mk4 on August 01, 2022, 10:49:51 PM

Before anyone gets too overconfident — a lot of times, we get the biggest short-term price increases in bear markets; so don't make conclusions solely based off this.

^Of course I'm not saying that we'll surely end up going back down either. Because no one knows. Tongue

It's true, this is pretty usual in bear markets. A few recent examples being +33% in April 2018 and +21% in July 2018, as well as +30% in January 2020 before dumping 60%. I'm also not suggesting that price will go lower, as I'm inclined to believe it won't (but for completely different reasons), it's more so that having a reasonable monthly gain of +16% after dropping over 60% within 3 months is kind of normal.

LFC_Bitcoin

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Every green monthly candle is a good thing but i am yet to see anything that says to me we are 100% out of the bear market. We’re still in a really tight, weakling price range between $19,000 - $25,000. Until we break out of this range we don’t know what’s going to happen. We can’t even break $25,000 at the moment.

I just think this is the usual bear market we have after a sustained bull market run. There isn’t anywhere near enough buying at the moment to confirm a change in sentiment.

Bear market until we break $30,000 again imo.

Nrcewker

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Quote from: mk4 on August 01, 2022, 10:49:51 PM

Before anyone gets too overconfident — a lot of times, we get the biggest short-term price increases in bear markets; so don't make conclusions solely based off this.

^Of course I'm not saying that we'll surely end up going back down either. Because no one knows. Tongue

Yes no one has really seen the future .
So if we become too much excited and conclude everything, then it won’t be a great deal to be honest.
In this bear market we have already seen many price jumps, so we shouldn’t be happy thinking that the bear market will end now. Always be prepared and treat this as normal.
Bear market will come to an end, but not so soon. We meed to wait till September atleast.

yazher

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You own the pen

Quote from: OgNasty on August 02, 2022, 03:04:20 AM

It is good news that the market has seen such strong action since the recent lows. I think we still have a few months of accumulation before the tides turn and the price starts it’s ascent for the next run. Support has been surprising though. The market to me feels pretty strong as we approach mtgox distribution time.

the good thing is, the price hasn't continued to further down to $10k which is really kinda hard for the investors to recover soon. Thankfully we are heading to the point where we see some light at the end of the tunnel this might be just some speculation but in reality, it could really happen. Based on the current crypto market movement, the price is slowly changing course positively and it's all green in the market this week until today it has never stopped. it's slowly regaining its old price, we never know it could be the first step to getting back to $30+ again or more.

Leviathan.007

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With all respect, I think most people are overreacting whenever they see even a little price pump in the market these days, since we are in a bearish market and we expect to reach the lower levels every day any uptrend movement can be just a little price opposite correction to save the potential for reaching the lower levels, otherwise, we have to see a valid signal to say the market is changing. Generally, even if the daily candles close at higher levels we still need a long-term signal for it. What's going be happened in the next few months can be very important for the market because most experts leave the bearish season is going to last longer.

OgNasty

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It is good news that the market has seen such strong action since the recent lows. I think we still have a few months of accumulation before the tides turn and the price starts it’s ascent for the next run. Support has been surprising though. The market to me feels pretty strong as we approach mtgox distribution time.

lizarder

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Quote from: feeling sound on August 01, 2022, 09:31:42 PM

After the start of a much-needed bullish relief this week, bitcoin and crypto are inching closer to getting the best monthly gain since October of 2021when we had the release of the first Futures ETF Bitcoin in the US. That's indeed some much-needed and appreciated relief we are getting right now after months of constant extreme fear and red candles.

How long we will continue to rally or how sustainable this rally is, is quite debate-able but we should just get a bit happy for the moment now, we don't get such times always in crypto and especially after the years past few months. Also, we are not having any significant planned economic event next month as there is no FOMC to raise rates. So we may have some space left on this rally…

The market is nearing a gradual recovery for now, there are some coins starting to rise and finding their best, although not so maximal at standard prices, bitcoin is the most eagerly awaited for future recovery, since the correction started taking place after the new ATH achievement in 2021.

The most appropriate or profitable now is to make a monthly investment scheme, meaning that we see opportunities in the short term for bitcoin, because the prolonged rally has not been able to provide guarantees, so to maximize it it is necessary to do a monthly scheme, so that the investments made can be utilized in the near future

pooya87

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Quote from: Zilon on August 01, 2022, 11:47:04 PM

Another bear market is about to set in after price failed to maintain a bullish move.

This is just as wrong as what OP said. There is no bear market on the horizon either. This is the 4th drop after the rise fails to go above the resistance level and that makes is the 4th time people call for a bear market where it clearly is a sideways market.

Zilon

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Don't get too excited just yet price still struggles to stay above $22k+. This is a time to trade with extreme caution. Another bear market is about to set in after price failed to maintain a bullish move.

Two different analysis from coinmarketcap telling how complicated it is to invest at this price except for long term hodlers

pooya87

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What rally are you talking about?
Price is still below $25k and inside the same $5k range that it has been in the past 2 months, going up and down in what clearly is a sideways market.
Besides why are you sticking "crypto" to bitcoin. Shitcoins are still pump and dumping as they have always done.

mk4

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Before anyone gets too overconfident — a lot of times, we get the biggest short-term price increases in bear markets; so don't make conclusions solely based off this.

^Of course I'm not saying that we'll surely end up going back down either. Because no one knows. Tongue

feeling sound

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After the start of a much-needed bullish relief this week, bitcoin and crypto are inching closer to getting the best monthly gain since October of 2021when we had the release of the first Futures ETF Bitcoin in the US. That's indeed some much-needed and appreciated relief we are getting right now after months of constant extreme fear and red candles.

How long we will continue to rally or how sustainable this rally is, is quite debate-able but we should just get a bit happy for the moment now, we don't get such times always in crypto and especially after the years past few months. Also, we are not having any significant planned economic event next month as there is no FOMC to raise rates. So we may have some space left on this rally…

Topic: Bitcoin is about to have its biggest monthly gain since October 2021. (Read 623 times)