Topic: Bitcoin is going down. - page 9. (Read 1202 times)

Supply and demand, that is the one of the biggest reasons why bitcoin will continue to go up.

I'm sure you know that in January this year alone, bitcoin rose to 40%? I bet you didn't know that because you keep on telling us that this is not the right time to buy and that the price will not go up.

On the contrary, the market has proven that you are wrong.

And if you are waiting for the price to go like $15k or reach another lowest low for this year? that possibility might not come.

Actually, bitcoin was worth buying when it was near the 20k level and below, and since the beginning of this year we have seen growth with minor corrections, so when you talk about falling it sounds just as unreasonable, it's just your guess, but how it will be on we don't really know. Anyone who has not yet bought bitcoin and continues to wait for a fall can wait until the price rises above 40k and no longer falls below...

Let it drop, what's the problem in that. If your base of buying is good you should not be panicking or second guessing yourself. But if you are someone who is skeptical about the future of Bitcoin then I suggest you stay away from it for your own sanity.

Whatever be the reason behind a drop it is not possible to prove it but only assume. Hence the search for that is futile, but the good thing is that you can use it as a pointer to buying.

I would say wait and watch and if prices go below 25k or lower, then buy.

There are many reasons why the Bitcoin market is falling a bit, davis196 makes a great point
there above and its so simple.

The bottom line is the markets are ALWAYS being pulled down and pushed up, sometimes
the pullers are winning, sometimes the pushers are winning, but when you zoom out
enough its clear the pushers are winning.

If you are a proponent of the DCA system, this current fall wont trouble our sentiment...
we just buy more.

OP is just trolling, probably wants to buy at $15k

With so many threads that you've created, and the way you shared your opinions on them, I think that you're a troll who just want an attention.
I mean there are 2 things that you are doing here. It's either you address us with "crypto bros", and create a thread, or you will just randomly posting an application post in different signature campaigns (even with 1xbit who is a known scam website).

And when Bitcoin goes up again, you will create another thread again telling to us that, Bitcoin is going up again then blah blah blah. Right?
Well, to answer what you're saying, $30,000 is acting as a psychological resistance right now, so it's normal to see sellers at that price thus, putting the price of Bitcoin to go down.

Ahhhh... here we are again with some of your "FRIENDLY ADVICE". 10 for effort I guess.
You're just speculating like what the other people are saying, so why do we need to take your advice on us?

I guess if there's anything that I would want to take with what you said, it's this one. Not stablecoins though, but cash. Just to have some money if I need to invest.
Currently, I'm waiting for some signals before I buy Bitcoin. A little bit of TA is good enough already because after all, I'm doing DCA, and don't care about the price that much.

Have a nice day and take care as well.
Wait I have an advice for you. I hope that 1xbit will accept you in their scam campaign, so DT members here will give negative trust to you.

The Bitcoin price will drop below 30K because many traders, who bought BTC at 17K-22K USD will sell and cash out the profits. The demand for BTC isn't stable enough to form a FOMO phase and push the price way above 30K.
We shouldn't pray for the mercy of the Federal Reserve to lower the interest rates and help for pumping the Bitcoin price.
I keep repeating that the crypto winter isn't over and the lest price pump is NOT a bull run. 
It's funny how people, who aren't experienced enough on crypto trading give financial advice to people, who are active crypto traders for years. Freaking out because the Bitcoin price dropped by 5%, 10% or 15% is total newbie sign. Bitcoin is volatile and it will always be.

The current price is still good, as we started from the price of 17K, so the current price is good, and the price is higher than the previous support level, which will turn into a long-term resistance level, and therefore this may be the last opportunity to buy bitcoin at a cheap price.
In general, do not be late, because when the train is moving, it is moving quickly.

This is the worst advice you can give a person, stablecoins are at their worst right now and it is dangerous to keep a lot of cash in them or at least believe that they have value for the long term.

So what do you expect from the market that it always goes up? We have not yet entered the bull phase and these little pumps were because of small investments again but now the volatility is hitting again with some people cashing out the $30k mark so it's normal.But if we start creating threads like it's going down then we are wrong because those who know about market conditions have idea that it will grow after some time even more strong.

SO! Are you suggesting everyone to start buying when Bitcoin starts to go up? That's not a good indicator though and that's not good investment mindset, rather not maximizing the potential for Bitcoin's profit.
See, this is how most of the old members here are trying to highlight the importance of DCA, especially when you're in a huge doubt on when to have a perfect entry point.
What you're suggesting would most likely let the investors miss this opportunity to add fractions of Btc while it's still considered affordable.

You can't entirely be true about the price still going down. The bears time has taken a long shaped and we understand it might probably as a result political decline interest by country's government policies or inflation as the case may be but looking lately the bulls strength is really records strong possibility of bullish. We can not totally disagreed with you either because of the little shift and drops in price.



Looking at this charts is current price chart which indeed over the week it has shown up threads but since yesterday the price is down again with M indication of going down but still the bulls signal strength makes sense of possible price bullying. Let's just watch and see that's all I can said. No one will really tells, if you can wait a little before buying is fine, if you can still buy now too is fine.

I am starting to love your posts crypticj, but for the wrong reasons. You are a perfect example of an terribly researched person who knows very little, and yet thinks they know very much to the point where they think they can give people advice and almost tell them what to do. It's entertaining to the knowing eye...it's sad for those who are actually following your words.
 

It was very sustainable. Some reasons for the growth:
- FTX and LUNA collapse during 2022 caused artificial devaluation of the cryptocurrency market
- FTX recovering $7.3billion worth of assets (that were probably liquidated and are now ready in fiat) will probably be reinjected into the market
- The collapse of large banking institutions and the following further devaluation of the U.S. dollar via stimulus and liquidity injections to keep banks alive
- Relating to the above, people seeing clearly that Bitcoin is a must-have in their portfolio if they want to protect themselves from further USD devaluation.



Stop giving people financial advice. You are not a licensed financial adviser and I guarantee that you are probably going to at best end up making a fool out of yourself in the end and at worst make a gullible sop angry at you for providing such confident claims.


Inflation rising is good for Bitcoin, as it devalues USD which makes Bitcoin stronger against it in the mid-long term.


Increasing interest rates now means more pressure on bank liquidity and therefore more liquidity stimulus from the fed, therefore devaluing USD, therefore higher bitcoin value


Weakening economies forces people to find alternatives. This is good for Bitcoin in the mid-long term. Also good for gold/silver.

I'll agree with one thing, that this temporary run (which will probably end around 35-50k and return to 30k after its peak) is probably the precursor to a much larger run following. I disagree that Bitcoin will get any cheaper than 20-25k, if it even hits these levels again without unnatural forces.



You're talking as if there is a possibility that rates will be cut consistently and that the economy will magically recover. What strong evidence do you have to support this view other than your beliefs? The rates will probably not be significantly cut for a long time. In my (well researched) opinion, this is the start of a long dragged out and painful financial downturn.

I understand your point, but I don't quite agree with you, nor do I get why you're so persistent with Bitcoin's fall, since this isn't your first post regarding this matter. I highly doubt that we'll see another major drop in price; it might drop back to $25,000, but it's not that big of a deal; it'll just create another opportunity to acquire more Bitcoin. The economy isn't at its greatest point, I agree, but cryptocurrencies won't be affected that much at this point unless something awful suddenly happens.

You're in a Bitcoin-related forum constantly talking about its fall; don't expect to not see a negative reaction from other users.

My friend, I don’t agree with you on certain points that you have mentioned. Bitcoins only increase in price, when the demand for the coin increases. The supply of the coins are fixed and hence when the demand of the coin increases, in order to fulfil the demand the price automatically goes up. This price decrease is just a little correction. So yes, we have to accumulate as many Bitcoins as we can. Bitcoins will definitely break the all time high price this year, so yes without wasting time, we have to think wisely and invest appropriately.

I appreciate your insight, but I think I'll stick to my investment strategy and not let the fear of a market crash dictate my decisions. It's all about the long game

Nah bro, I don't want to listen to the advice of someone who says something without a clear basis and only based on their personal opinion.

What you say is quite reasonable, indeed we are currently in a sideway position, but that doesn't mean that buying Bitcoin right now is not right, it is very right.

Stop giving FUD to people and glorify USD.

All this I've read today. These are all speculations. There are certainly many more of them trying to explain why the price of Bitcoin is going down. Well, for all we know, Bitcoin's price is always rising and falling.

Notwithstanding all of this, however, I advice that if you have the money, use a portion of it to buy now. People were bearish when Bitcoin's price climbed all the way to $30,000. People then turned bullish, and the price fell to $28,000. Nobody can make accurate predictions. Start averaging now.

You're a pain in the ass, dude.

Now is the right time to buy Bitcoin, whatever you say, because buying Bitcoin has to be done with a long term vision, at least one cycle view and better if there are two. We will see the current prices as a bargain in 5 or 10 years, regardless of whether the price goes up or down a little these days.


Good one that one, the OP is either a nocoiner or a fucking troll and I don't know which is worse.

You wanted to call for its falling since January. Bitcoin 12,000 in 2023. and after about 3 months, you succeeded, congrats.

You made many topics to self satisfy your callings which make you like a Bitcoin Bear.

Depends on each person vision for their investment. If I plan to invest in Bitcoin for 5 years and I see the market is bearish, 2 years since the past all time high, I won't hesitate to buy bitcoin at any price just one year before a next block reward halving.

Don't rely on FED. Don't wait for FED policy decisions to find bottom of bitcoin and don't time the market.

Do you think there's a reason behind of Bitcoin price increase from $20K to $30K? relying Bitcoin price through FED interest rate is kind of non sense, Bitcoin doesn't depends to FED.

I'm not saying Bitcoin price will decrease, but the price will be around $25K-$40K-ish and it's still good to buy Bitcoin before the price will surge after the halving season.

Decreases and increases are normal regardless of what news is circulating that affects bitcoin experiencing increases and decreases.
The right time to buy bitcoin is when it is declining because it is possible for us to get a price bounce or price bounce from the lowest point of the price time frame, although with many of the indications that you mentioned until today there has been a decline I think from a while ago that too has no effect on the previous increase in price.
What might happen in my opinion is because we are about to face the Muslim Eid so it is possible that many people are liquidating their bitcoins for celebration.
I don't think why not move to the board of speculation polls.