Bitcoin is improving I guess? - page 3.

beerlover

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Quote from: posi on July 13, 2023, 04:55:44 AM

Quote from: 19Nov16 on July 13, 2023, 04:08:45 AM

Currently Bitcoin only needs a little increase, for example, reaching $ 32k in July, there will be big things and improving faster, especially when the end of the year certainly makes many people prepare to buy more before halving occurs, we have a good chance to buy at a price Cheap at this time so never miss to buy immediately.

Some people always argue that the closer the halving is, the more people want to hold bitcoin, so bitcoin will increase in price. But I wonder, if the market works that way, why aren't there many buyers, and bitcoin has barely gained too much so far? Will people definitely buy more bitcoins as the halving gets closer? I am also a bitcoin investor for many years, but I never thought to buy more when the halving is approaching, I will only buy when the bitcoin price suits my pocket.

It will definitely be harder for people to not hold their coins during that period. I am 100% sure that the amount being sold will get lower and lower so the price will go higher in order for buyers to be able to keep buying. That is why I think the most important thing about the current situation is that if we keep holding like them, then we will make a profit for sure. After that it will get even bigger because we are going to end up with a situation where price will go up a lot more after the halving as well, and that will change some stuff too.

The best thing to do in this case would be just buying and holding for at least 2 years. If you can do that then there is a likely chance that you will be in profit, and by a lot.

Z390

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OP you invested into Bitcoin at a high price and that's it? This is the mistake that many new investors makes all the time, so what have you been doing since you bought Bitcoin at a high price? You fold your hands? Like that one buy is all you need? How about all those past dips? They are great opportunity to DCA.

Newbies thinks that once they drop some amount of money on Bitcoin they are good to go and continue their normal lives, it won't make a difference even if Bitcoin reaches 150,000$, unless you get yourself 1 BTC or half of 1BTC, if not, you have to keep accumulating until there is no more buying opportunity, this is what defines a good investor.

Compromise me

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Quote from: Smack That Ace on July 13, 2023, 12:23:02 AM

I'm not good at technical analysis, and I don't fully believe what the charts show us. But when I see many people are optimistic that bitcoin will no longer be dumped and will instead see bigger rallies later in the year. I started to fear worse things would come because the markets never worked the way the crowd wanted them to. When most people predict bitcoin will go down, it will go up and vice versa, so I will go against what the crowd wants. I predict there will be big dumping ahead waiting for us before the halving happens.

You are correct that analyzing Bitcoin price can be risky and it's true that sometimes when people predict that the price will go up it ends up going down. But it doesn't always happen that way. If you base your trading decisions solely on such calls and tips, you may expose yourself to risks. Technical analysis involves analyzing charts and graphs to understand Bitcoin price movements.it Observing the candles and trends, you can analyze the price and potentially mitigate risks

Quote from: uswa56 on July 13, 2023, 02:55:57 AM

No one really knows for sure but everyone has their own beliefs as to what happened and of course it will be different, there's nothing wrong with that.
Personally I agree with you and there's even a bit of hope that something like that will happen so I can get in on the party at the next halving that's going to happen.

You are right no any one guess the price but we use analysis to make informed guesses about its direction. While it's not possible to be 100% acurate, often analysis can be around 80% correct. Currently, there might be a possibility of both price dumps and pumps in Bitcoin before the halving. But we hope that the price will not experience a significant dump and instead rise Leading up to the Halving.

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Quote from: JoyMarsha on July 13, 2023, 06:27:23 PM

Quote from: Greggry on March 29, 2023, 04:15:21 PM

We are more likely to experience better end of the year, as of last two weeks Bitcoin was $23,000 but I can see some impressive changes hopefully the ends or mid of the year will make significant changes in price. Though am not excited much because even if it pumps I might not enjoy the fat price, I bought when the price is high but now you will pity my wallet. Anyway we're sure of better 2023.

Many of us hope that this year will end with bitcoin doing better than it did in the beginning. Since we are in the third quarter of the year and the price of bitcoin is fluctuating between $30k-$31k right now, at the very least for its price to reach $40k before the end of the year.

In any case, you shouldn't be concentrating right now on bitcoin's price, regardless of where it ends up this year. What you should focus on is how much bitcoin have you accumulated so far since bitcoin is at a low price. Everyone's attention is to accumulate(bitcoin) the best they can before the bull run kicks off after the halving season next year.

Right, most of us are looking forward to the halving and BTC hitting $100k ATH, so focusing and expecting a faster bitcoin price increase this year won't be in our favor. In my opinion, bitcoin's rally this year has only made it harder for us to accumulate, and that's why I'm not as excited as many people to see bitcoin surpass $30k and keep going up. I still consider 2023 a year to accumulate rather than wait for a bull run because I also won't sell my bitcoin even if it hits $50k.

Paul Pogba

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The thing that makes us always optimistic about bitcoin is the number of new users that continues to grow, reports from many countries in Europe, Africa and Asia continue to show positive growth trends so that the demand for bitcoin also increases.

superman184

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Quote from: uswa56 on July 13, 2023, 02:55:57 AM

No one really knows for sure but everyone has their own beliefs as to what happened and of course it will be different, there's nothing wrong with that.
Personally I agree with you and there's even a bit of hope that something like that will happen so I can get in on the party at the next halving that's going to happen.

Although no one knows for sure how the market will move at this point, many people's faith in the price increase at the moment of the halving is always greater. Especially now that the Bitcoin price has almost touched $32K which can also encourage greater confidence in almost everyone who knows Bitcoin. But I think you also don't need to party on halving conditions even though you might be able to enjoy more tolerable profits than before.

Quote from: 19Nov16 on July 13, 2023, 04:08:45 AM

Currently Bitcoin only needs a little increase, for example, reaching $ 32k in July, there will be big things and improving faster, especially when the end of the year certainly makes many people prepare to buy more before halving occurs, we have a good chance to buy at a price Cheap at this time so never miss to buy immediately.

Bitcoin is indeed almost $32K now, and this can also be a sign that currently Bitcoin is starting to be targeted and bought again by many people so that price increases continue to be seen in the market. I don't really care for small corrections that occur in Bitcoin, as they are only a temporary decoration before the next increase occurs although a correction of any size can be invaluable for day traders.

JoyMarsha

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Quote from: Greggry on March 29, 2023, 04:15:21 PM

We are more likely to experience better end of the year, as of last two weeks Bitcoin was $23,000 but I can see some impressive changes hopefully the ends or mid of the year will make significant changes in price. Though am not excited much because even if it pumps I might not enjoy the fat price, I bought when the price is high but now you will pity my wallet. Anyway we're sure of better 2023.

Many of us hope that this year will end with bitcoin doing better than it did in the beginning. Since we are in the third quarter of the year and the price of bitcoin is fluctuating between $30k-$31k right now, at the very least for its price to reach $40k before the end of the year.

In any case, you shouldn't be concentrating right now on bitcoin's price, regardless of where it ends up this year. What you should focus on is how much bitcoin have you accumulated so far since bitcoin is at a low price. Everyone's attention is to accumulate(bitcoin) the best they can before the bull run kicks off after the halving season next year.

posi

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Quote from: 19Nov16 on July 13, 2023, 04:08:45 AM

Currently Bitcoin only needs a little increase, for example, reaching $ 32k in July, there will be big things and improving faster, especially when the end of the year certainly makes many people prepare to buy more before halving occurs, we have a good chance to buy at a price Cheap at this time so never miss to buy immediately.

Some people always argue that the closer the halving is, the more people want to hold bitcoin, so bitcoin will increase in price. But I wonder, if the market works that way, why aren't there many buyers, and bitcoin has barely gained too much so far? Will people definitely buy more bitcoins as the halving gets closer? I am also a bitcoin investor for many years, but I never thought to buy more when the halving is approaching, I will only buy when the bitcoin price suits my pocket.

yohananaomi

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Quote from: 19Nov16 on July 13, 2023, 04:08:45 AM

Currently Bitcoin only needs a little increase, for example, reaching $ 32k in July, there will be big things and improving faster, especially when the end of the year certainly makes many people prepare to buy more before halving occurs, we have a good chance to buy at a price Cheap at this time so never miss to buy immediately.

the possibility that it will increase to reach $ 32K at the end of July is possible, because it seems that from the beginning of the month there has been movement and it has passed $ 31K, even though it is currently falling again. agree that now is the opportunity to continue to buy and hold it because it is approaching the end of the year, which will be approaching the era of the halving period which will be expected that there will be an increase, and at which time investors will be waiting to buy as much as possible and hold on until the era halving period,

19Nov16

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Currently Bitcoin only needs a little increase, for example, reaching $ 32k in July, there will be big things and improving faster, especially when the end of the year certainly makes many people prepare to buy more before halving occurs, we have a good chance to buy at a price Cheap at this time so never miss to buy immediately.

uswa56

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Quote from: Smack That Ace on July 13, 2023, 12:23:02 AM

Quote from: Compromise me on July 12, 2023, 05:53:52 AM

Everyone has their own analysis and own thinking. I observed a chart on Glassnode that showed an increase in the percentage of Bitcoin longterm holders. This could indicate that BTc price may improve in 2023 and is currently improving. Though it cannot be said with certainty as BTC price is influenced by numerous factors. We cannot analyze with complete certainty how far Bitcoin price can go. But I can say that the chances of a price dump are very low. Even if a dump occurs, it is likely to recover quickly. You can analyze this by see at the weekly chart.

I'm not good at technical analysis, and I don't fully believe what the charts show us. But when I see many people are optimistic that bitcoin will no longer be dumped and will instead see bigger rallies later in the year. I started to fear worse things would come because the markets never worked the way the crowd wanted them to. When most people predict bitcoin will go down, it will go up and vice versa, so I will go against what the crowd wants. I predict there will be big dumping ahead waiting for us before the halving happens.

No one really knows for sure but everyone has their own beliefs as to what happened and of course it will be different, there's nothing wrong with that.
Personally I agree with you and there's even a bit of hope that something like that will happen so I can get in on the party at the next halving that's going to happen.

Smack That Ace

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Quote from: Compromise me on July 12, 2023, 05:53:52 AM

Everyone has their own analysis and own thinking. I observed a chart on Glassnode that showed an increase in the percentage of Bitcoin longterm holders. This could indicate that BTc price may improve in 2023 and is currently improving. Though it cannot be said with certainty as BTC price is influenced by numerous factors. We cannot analyze with complete certainty how far Bitcoin price can go. But I can say that the chances of a price dump are very low. Even if a dump occurs, it is likely to recover quickly. You can analyze this by see at the weekly chart.

I'm not good at technical analysis, and I don't fully believe what the charts show us. But when I see many people are optimistic that bitcoin will no longer be dumped and will instead see bigger rallies later in the year. I started to fear worse things would come because the markets never worked the way the crowd wanted them to. When most people predict bitcoin will go down, it will go up and vice versa, so I will go against what the crowd wants. I predict there will be big dumping ahead waiting for us before the halving happens.

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Its already improving bitcoin is improving from the start and many people wanted to have it today because of its amazing value, everyone specially in my country considered bitcoin as a fiat, because we can easily convert bitcoin to fiat and used to buy food and daily needs. So i believe it is improving from the start on year 2022 till present.

Compromise me

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Everyone has their own analysis and own thinking. I observed a chart on Glassnode that showed an increase in the percentage of Bitcoin longterm holders. This could indicate that BTc price may improve in 2023 and is currently improving. Though it cannot be said with certainty as BTC price is influenced by numerous factors. We cannot analyze with complete certainty how far Bitcoin price can go. But I can say that the chances of a price dump are very low. Even if a dump occurs, it is likely to recover quickly. You can analyze this by see at the weekly chart.

STT

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Good rough but regular trend up I think remains intact and probably likely will for some time this summer. More challenged in the autumn is what I'd expect
https://talkimg.com/images/2023/07/11/ZzOfT.png

The trend shown here is still below the 50 day average, we have quite some leeway before we should doubt that BTC can continue the positive trend thats been slowly but surely gaining since YTD. Also long term averages are gaining not losing which is not something easily changed.

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Quote from: salad daging on June 30, 2023, 11:48:25 AM

Even though the SEC can't touch it, anything that can happen when storing assets on the exchange, what if there is a problem and CZ can freeze their balance of course this is very possible.

I know FTX has always sponsored some big competitions I used to not believe that such a big enough exchange but there was a customer money game in it, in the end it became a reality and FTX has been declared bankrupt as a result of its failure.

Even before FTX there was the MT.Gox case and we have enough to learn from some dark experiences that happened in crypto.

Will this happen to Binance? it depends on how CZ manages binance and user confidence is currently also decreasing, but with a few statements If binance.us is only affected, then users trust again.
Trust in the sense that they still want to use Binance as an Exchange for trading, but not for the main asset storage.

Quote from: salad daging on June 30, 2023, 11:48:25 AM

True, non-custodial wallets and hardware wallets are the best storage, I would not choose an exchange over long storage looking at previous FTX cases.

Hardware wallets are the main storage because they have good security and we have full control
(but don't choose wallets that provide seed Phrase recovery features).

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Quote from: taufik123 on June 30, 2023, 02:15:18 AM

Quote from: justdimin on June 30, 2023, 12:52:40 AM

-snip-
What does SEC have to do with the funds I have on binance global, they can't prevent me from withdrawing no matter what they do, they can literally ask for Binance to be closed and CZ to be prisoned and yet they still couldn't touch our funds. And that wasn't even the investigation was about, so it was always nothing at all and we could always feel safe with our money there anytime we want it to as well.

The SEC only controls the legal territory in the US and it will not have an impact on Binance Global.
and about the funds that you hold on Binance SEC cannot touch it, but Binance and CZ or other Binance officials may freeze or there are some loopholes so that your funds will be held.

Learn from FTX which became a big Exchange and no one doubted it, but in the end, there were many games that FTX played.

If you are looking for the most secure, Non-Custodial Wallet is the best.
But if you want to use the best exchange at the moment Binance is the choice, but the risk of losing funds can happen and it is the choice of each user.

Even though the SEC can't touch it, anything that can happen when storing assets on the exchange, what if there is a problem and CZ can freeze their balance of course this is very possible.

I know FTX has always sponsored some big competitions I used to not believe that such a big enough exchange but there was a customer money game in it, in the end it became a reality and FTX has been declared bankrupt as a result of its failure.

True, non-custodial wallets and hardware wallets are the best storage, I would not choose an exchange over long storage looking at previous FTX cases.

boltz

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Is it ? Because all I see is Bitcoin failing to maintain the 30k range and most likely will fall under as soon as July will hit. It's the same summer circle that I've tried to tell people on Speculation thread and nothing changed : Bitcoin goes up in price before summer and first month of it and people are starting to fomo or already talking about NEW ATH Grin

when in fact , Bitcoin couldn't even surpass the low resistance around 30.7k$.

Now , back to reality so don't be surprised if Bitcoin will fall even further in price but don't worry because this is what Bitcoin does during summer no matter if we have bull run or bear market. On the long term , I see this as another opportunity to gather more Bitcoin as long as you have money to spare during this harsh times.

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Quote from: Nrcewker on June 30, 2023, 07:48:35 AM

Quote from: Greggry on March 29, 2023, 04:15:21 PM

We are more likely to experience better end of the year, as of last two weeks Bitcoin was $23,000 but I can see some impressive changes hopefully the ends or mid of the year will make significant changes in price. Though am not excited much because even if it pumps I might not enjoy the fat price, I bought when the price is high but now you will pity my wallet. Anyway we're sure of better 2023.

If we see the OP’s assumptions in this post and today’s condition, then yes there are mixed results we have seen till now. Bitcoins were really impressive at the start of the year. but when we reached May, we witnessed the struggle of bitcoins. Bitcoin is really trying hard to break the distance, but it is unable to come up from 30K USD range. As OP said that he is sure of 2023. Let’s hope this and continue accumulating as many Bitcoins as we can in this low price.

Some of the predictions about Bitcoin are holding. In fact, it's still good enough to buy if you ask me. If you are going to wait for a long time, these levels are ideal for purchase. If the Bitcoin price drops, then the purchase is made again. But for those who can afford to wait 1-2 years, they should buy a certain amount in order not to regret not buying at these levels. If you are thinking of buying and selling Bitcoin in the short term, I have no idea about it. Maybe 30k is a high price for those who think so. I am a long-term proponent of holding bitcoin and what I said applies to the long-term.

I don't know if Bitcoin will rise above the 30k level, but it is constantly trying. As you said, what we need to do is to accumulate bitcoins. This is the most important issue that we need to focus on.

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Quote from: Semar Mesem on June 25, 2023, 07:41:02 PM

There is no doubt that bitcoin will improve this year, the negative issue that worries me, namely Binance is experiencing a crisis, turns out to be unproven so the market responds positively, now is the time to keep buying so we can get big profits.

What you have done is absolutely right. keep collecting if what you mean is BNB coins. Yes. Binence is in a pinch right now with the SEC. However, I believe Binance has strong defenses that may not be visible yet. We are only users, we can only read, see and buy at low prices, otherwise it is not our capacity.

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