Bitcoin is going down. - page 2. | Bitcointalksearch.org

posi

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Quote from: crypticj on May 18, 2023, 12:13:31 AM

Quote from: pawel7777 on May 17, 2023, 02:10:33 PM

The correlation between stocks and bitcoin price is not always that strong and there was a moment.

The decoupling of bitcoin from the stock market is usually an exception. If you take NASDAQ and bitcoin charts, you will see that they usually move in the same direction. They have some differences overall, but they are both an assets so the same rules apply for both of them like if the economy is getting worse, there are less people that will buy bitcoin and stocks.

There is a bigger difference that you ignore. The stock market is more dependent on supply and demand, while the cryptocurrency market is not entirely based on supply and demand and is manipulated most of the time. Both are financial markets and part of the economy, so macro news will still affect them. There is still a correlation between the 2 markets, but they don't quite move the same all the time. In the first quarter of this year, the stock market didn't have any significant rally, but if we look at bitcoin, we can see it went from $16,000 to $30k in just 2 months. IMO, I don't think they are the same or have any big correlation.

Semar Mesem

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Last March when the price could reach $ 30k then I am optimistic that the price will continue to rise and my estimate can reach $ 40k in April or May, unfortunately the price continues to decrease and makes us have to be patient, we will wait if May can return to $ 30k or not, if it's still under $30k then it's going to be hard to see the price rising any time soon.

crypticj

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Quote from: pawel7777 on May 17, 2023, 02:10:33 PM

The correlation between stocks and bitcoin price is not always that strong and there was a moment.

The decoupling of bitcoin from the stock market is usually an exception. If you take NASDAQ and bitcoin charts, you will see that they usually move in the same direction. They have some differences overall, but they are both an assets so the same rules apply for both of them like if the economy is getting worse, there are less people that will buy bitcoin and stocks.

pawel7777

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Quote from: crypticj on May 17, 2023, 01:00:02 AM

But we can still use some signals because bitcoin still follows the stock market and people use it like an asset. It's not like it's moving down and up magically, but because people are buying and selling it all the time depending on the signals they see or market trends.

The correlation between stocks and bitcoin price is not always that strong and there was a moment, during the recent scare of major banks being at the risk of collapse, when Bitcoin seemed to decorrelated for a while and went up when stocks went down, and was behaving more like a gold. So I wouldn't rely too much on stock market signals. Not too mention there are some regulatory risks to the crypto market on the horizon, which wouldn't have much effect on the traditional stocks but could hit Bitcoin.

Dave1

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Quote from: crypticj on May 17, 2023, 01:00:02 AM

Quote from: zaim7413 on May 13, 2023, 09:24:54 AM

The price of Bitcoin is wild, it can go up to $4000 then it can drop $5000 in a matter of hours. The very volatile value of Bitcoin makes its movements unpredictable.

But we can still use some signals because bitcoin still follows the stock market and people use it like an asset. It's not like it's moving down and up magically, but because people are buying and selling it all the time depending on the signals they see or market trends.

Another difference is that it is open at all hours, that's why it is so volatile, look at the price movement in just about 8 hours, it went below $27k and I thought that it will go further, but now it's above $27k.

So as much as we read signals or the market trends, it's really unpredictable. Most of the analysis that I read is that we are in the bear market again, so prices are going to go down. But it seems it is holding the support line again at $27k. This week it goes as high as $27,500 if I'm not mistaken, so we will see at least for this month if that price is going to be our support or not.

crypticj

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Quote from: zaim7413 on May 13, 2023, 09:24:54 AM

The price of Bitcoin is wild, it can go up to $4000 then it can drop $5000 in a matter of hours. The very volatile value of Bitcoin makes its movements unpredictable.

But we can still use some signals because bitcoin still follows the stock market and people use it like an asset. It's not like it's moving down and up magically, but because people are buying and selling it all the time depending on the signals they see or market trends.

Bitcoin_people

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The Bitcoin market is not stable in that it stays in one place rather Bitcoin always moves above the fluctuations. Bitcoin is currently a bit underpriced, but it is likely to be pumped full in the future. The current position of the market is definitely the right time to invest and if you invest with this long confidence you will definitely get good results. Bitcoin goes up and down all the time but when the market is in a bear market then there will be an ATH sometime. And it is best to invest and hold for the future from such a market condition. We all know that the price of Bitcoin is low now but investing from this dumping market. And investing in this market is trying to hold onto the value of Bitcoin until it rises.

bettercrypto

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The decrease in the value of bitcoin will only happen again and again in this business field, because as long as there are buyers and sellers it will not stop believe me.

That's why the battle here as an individual is at the level of our knowledge of how we can really get profit here in the crypto space.
What we see and read about crypto is not possible here. We must know the steps that are right so that even if the value of bitcoin is low, we can still make money somehow.

yudi09

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Quote from: crypticj on April 19, 2023, 09:38:19 PM

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Acceptable advice is trying to earn a lot of money to buy and collect Bitcoins before the price goes back up.
Generally, buying when prices are low will always be a good initiative because we cannot fully say how long a decline will occur.

Two weeks have passed in May and it's not as good as April in terms of selling price per 1 Bitcoin and for 2 weeks in May this is a good option for those who buy.
There is an estimate that a decline will occur until it reaches 25K before experiencing a price increase again to 30K as a support price.

Ryu_Ar1

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Quote from: Franctoshi on May 13, 2023, 03:03:33 PM

Quote from: Ryu_Ar1 on May 13, 2023, 01:29:11 PM

Quote from: asrinur on May 13, 2023, 03:46:02 AM

No one has been able to accurately predict the rise and fall of bitcoin prices. If we look at the current market conditions it seems that the price of bitcoin is unlikely to fall below $20k again. I am optimistic that the current increase in bitcoin prices seems to continue even if there is a slight correction, but it is a step towards the next level of price increase.

In this condition it is important to stay aware because of course under no circumstances is an increase not accompanied by a temporary decrease it will be a bit risky so when bitcoin returns to the price of $ 26k isn't that still a good thing for a bounce to the next price.
Regardless of anything like this you definitely have to put it to good use because of course this is a gift back when it was previously at $30K and now it is experiencing a correction so of course the thing to do is continue to do DCA again while bitcoin is getting a correction and keep waiting for moments like this is again and again in fattening the portfolio that we have today.

Bitcoin just corrected as it was expected of it to do, which was the retest of $25k, but I still think we may have a little bit of a further correction maybe to hit exactly at the $25k level in order to trap in more seller in that zone. I saw a lot of threads talking about if was time to buy Bitcoin, right now in my opinion another opportunity is presented to us in the market and a discount price precisely and it's encouraging to start a proper DCA from here down to any level that the correction might get us to, however DYOR.

It would also not be better to utilize the momentum there when many people are thinking of selling why don't we maximize it by buying if there is more money than we set aside.
Regardless of the conditions I'm still quite happy with the current moment because regardless of anything the current conditions are clearly very supportive for me to DCA again after previously I held when they were at $31k and this is probably a pretty good time for me to get back into it. although it is likely to go down again as you said but I don't have a problem with it because obviously it also still makes me quite happy with the conditions that I can take advantage of.

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Quote from: boltz on May 14, 2023, 04:59:58 AM

Double correction might occur soon and by soon I mean before summer starts and if that happens , my prediction about Bitcoin will almost be complete. We failed to break 30k$ range , we are back on 26-27k range and it looks like we cannot hold this area for long and Bitcoin is heading towards 20k or even lower but I do hope we won't get under 20k.

If you hold crypto , don't panic buy and don't panic sell. Forget about it and simply comeback next year where theoretically the bull run should be in full force right before the halv happens.

If you look at the chart, you can see that there have been several attempts to break 30k. I think that after the end of the current correction there will be another attempt to break this level. In summer there will be an official end to cryptocurrency ban in China, which should attract new investments to the market. I think this summer might be different from previous summers when the market was calm.

Dimitri94

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Quote from: asrinur on May 13, 2023, 03:46:02 AM

No one has been able to accurately predict the rise and fall of bitcoin prices. If we look at the current market conditions it seems that the price of bitcoin is unlikely to fall below $20k again. I am optimistic that the current increase in bitcoin prices seems to continue even if there is a slight correction, but it is a step towards the next level of price increase.

If some one get advance information about bitcoin volatility then he would be the top rich person in the world. Ups and downs are a normal process in a trading platform. There is no room for fear or over-enthusiasm. Bitcoin is always cyclical but cannot be influenced by the rise or fall of one's emotions with Bitcoin charts. A bitcoin holder will not lose as long as he is able to hold his bitcoins but those who sell due to its volatility will be exposed to losses on their bitcoin investment. It should be remembered that the bull market starts after the bear market.

lizarder

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Quote from: crypticj on April 19, 2023, 09:38:19 PM

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

I always smile when I hear about saving cash/stablecoins, not for the strength of the fundamentals or lack of value, but rather that this kind of suggestion would seem comical when the availability of bitcoins could be bought for a fraction of the price. What to expect from both? Meanwhile, what we know is that stablecoins are far less holdable under any circumstances, especially when bitcoin prices tend to go sideways.

The moment of increase is usually people trying to make a profit instead you suggest buying. The FED has never been silent on interest rate news and I'm not sure it's fully impacted by this so keep doing the analysis and when a buying opportunity comes your way don't hesitate to start collecting.

boltz

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Double correction might occur soon and by soon I mean before summer starts and if that happens , my prediction about Bitcoin will almost be complete. We failed to break 30k$ range , we are back on 26-27k range and it looks like we cannot hold this area for long and Bitcoin is heading towards 20k or even lower but I do hope we won't get under 20k.

If you hold crypto , don't panic buy and don't panic sell. Forget about it and simply comeback next year where theoretically the bull run should be in full force right before the halv happens.

mamesso

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Quote from: CageMabok on May 13, 2023, 09:58:11 PM

Quote from: asrinur on May 13, 2023, 03:46:02 AM

~Snip~

Corrections and price increases are two things that happen very often to Bitcoin, but Bitcoin always has to have more time for more significant increases. And from what has been seen this year, it looks like the price of Bitcoin will be under $ 30K for a while although I am also optimistic that Bitcoin can still go beyond $ 30K before next year because I see the level of support getting better this year so that there will be more price drops it won't be easy either.

Bitcoin has always been able to withstand pressure even though it experienced 4x crash in the last five years. The current conditions experienced by Bitcoin leave a question mark, can Bitcoin rebound after a correction or even fall even further. Bearish which occurred in 2017, then followed by the occurrence of Covid 19, after that in 2021 and finally being experienced at this time. Bearish conditions that occurred in the past cannot accurately predict what will happen in the future, but the history of corrections experienced by Bitcoin can help to understand the phenomena that occur and are very useful for investors in making decisions.

Economic conditions that have not improved certainly greatly affect the value of Bitcoin, high inflation forced the Fed to make a reckless decision to raise interest rates. When the (US) dollar strengthened due to rising interest rates, the value of Bitcoin was increasingly depressed. I think this condition is very natural because the value of Bitcoin and the dollar (US) tends to move in opposite directions (has a negative correlation).

OgNasty

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It seems to me like this recent decrease is price has stabilized above $26K. I don’t want to give the all clear or anything but it seems like now might not be a bad time to be buying again after the market scare caused by Ordinals clogging up the mempool. I think watching the Silk Road coins hit the market from the us gov might not be a bad idea if you’re timing your buys also.

CageMabok

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Quote from: asrinur on May 13, 2023, 03:46:02 AM

No one has been able to accurately predict the rise and fall of bitcoin prices. If we look at the current market conditions it seems that the price of bitcoin is unlikely to fall below $20k again. I am optimistic that the current increase in bitcoin prices seems to continue even if there is a slight correction, but it is a step towards the next level of price increase.

Corrections and price increases are two things that happen very often to Bitcoin, but Bitcoin always has to have more time for more significant increases. And from what has been seen this year, it looks like the price of Bitcoin will be under $ 30K for a while although I am also optimistic that Bitcoin can still go beyond $ 30K before next year because I see the level of support getting better this year so that there will be more price drops it won't be easy either.

Franctoshi

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Quote from: Ryu_Ar1 on May 13, 2023, 01:29:11 PM

Quote from: asrinur on May 13, 2023, 03:46:02 AM

No one has been able to accurately predict the rise and fall of bitcoin prices. If we look at the current market conditions it seems that the price of bitcoin is unlikely to fall below $20k again. I am optimistic that the current increase in bitcoin prices seems to continue even if there is a slight correction, but it is a step towards the next level of price increase.

In this condition it is important to stay aware because of course under no circumstances is an increase not accompanied by a temporary decrease it will be a bit risky so when bitcoin returns to the price of $ 26k isn't that still a good thing for a bounce to the next price.
Regardless of anything like this you definitely have to put it to good use because of course this is a gift back when it was previously at $30K and now it is experiencing a correction so of course the thing to do is continue to do DCA again while bitcoin is getting a correction and keep waiting for moments like this is again and again in fattening the portfolio that we have today.

Bitcoin just corrected as it was expected of it to do, which was the retest of $25k, but I still think we may have a little bit of a further correction maybe to hit exactly at the $25k level in order to trap in more seller in that zone. I saw a lot of threads talking about if was time to buy Bitcoin, right now in my opinion another opportunity is presented to us in the market and a discount price precisely and it's encouraging to start a proper DCA from here down to any level that the correction might get us to, however DYOR.

Ryu_Ar1

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Quote from: asrinur on May 13, 2023, 03:46:02 AM

No one has been able to accurately predict the rise and fall of bitcoin prices. If we look at the current market conditions it seems that the price of bitcoin is unlikely to fall below $20k again. I am optimistic that the current increase in bitcoin prices seems to continue even if there is a slight correction, but it is a step towards the next level of price increase.

In this condition it is important to stay aware because of course under no circumstances is an increase not accompanied by a temporary decrease it will be a bit risky so when bitcoin returns to the price of $ 26k isn't that still a good thing for a bounce to the next price.
Regardless of anything like this you definitely have to put it to good use because of course this is a gift back when it was previously at $30K and now it is experiencing a correction so of course the thing to do is continue to do DCA again while bitcoin is getting a correction and keep waiting for moments like this is again and again in fattening the portfolio that we have today.

zaim7413

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The price of Bitcoin is wild, it can go up to $4000 then it can drop $5000 in a matter of hours. The very volatile value of Bitcoin makes its movements unpredictable. I've never been worried about the value of Bitcoin being traded at the moment, it's normal for bitcoin to crash after experiencing turmoil. Whatever the reason, nothing can make Bitcoin go down even further even if you suggest saving cash or stablecoins.

Previously Bitcoin was traded at the level of $800, Even in 2011 bitcoin was traded at a value of $3. There is no need to panic with the current market conditions, Bitcoin will continue to grow and give profits to people who don't panic easily.

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