Topic: Bitcoin is on 30k how was your feelings ? - page 2. (Read 1165 times)
Yes. that sounds good but I'm waiting for the new $28,500 break to come back in, stay updated and Don't be tempted by the Bull and Bear Traps that can destroy your portfolio. Pay attention to repeating trends, price movement patterns and factors influencing the market so you can conquer the trading world.
maybe it will go down first before it will increase to reach $ 40K, because with a long enough time, the price will probably be able to go down again before actually preparing for the moment to increase closer to the time the halving will occur. The halving is just waiting for the month and there will always be surprises beforehand.
The question is, why should it go down first if the price really wants to increase? Now the price of Bitcoin itself is still very close to the $28K range which is also not far from $40K even though the increase to pass $30K again feels very heavy for Bitcoin. But I don't think that it will continue to be difficult because Bitcoin still has a lot of enthusiasts so it is still very possible to increase the price without having to experience a price decrease first.There may be a slight correction on the way to a significant price increase. Especially before the halving occurs, usually when the price of bitcoin increases, it doesn't last long to experience a slight decrease and this is a natural thing to happen to reach the next price target.
Even if there is no decrease in price, the price will immediately rise, it must also be said that it is reasonable because considering the number of buyers and enthusiasts in Bitcoin is still very large, so small things like that do not always have to happen to the price of Bitcoin before it increases. Especially if the halving is a moment that many people have been waiting for, then the price may no longer experience a decline but will slowly increase in a not so long time. 
After 10month later btc again touch 30k range, Although I was happy to see it rise to the range of 30k, but a deep pain and fear was created in my chest, actually the fear is that I don't feel comfort when the price of bitcoin goes higher because after investing at that price, if btc's value goes down. It's like the bitcoin pump couldn't make me happy.
I would like to know your feelings on this matter.
I would like to know your feelings on this matter.
this is a natural thing for the market to experience a correction and go back up.
I am of course happy because the market is slowly rising, but I am not sure that the market has fully recovered because there is still a lot of global news about the deteriorating economy.
correction is necessary for bitcoin as long as it doesn't become a bubble again like in 2018 I think Bitcoin will go to new ATH again,
this already shows how strong $20k is.
Bitcoin price movement is happening at a slower phase. Even when the price gets pumped, none were able to predict the outcome to hold above $30k. According to me, the price of bitcoin holds down to $30k for some reason. Possibly the upcoming halving scheduled for 2024 seems to be the reason. When we're into bitcoin or other cryptocurrency investment, we should not keep on watching the market. If so, surely we'll find it difficult to invest as the market keeps varying. Better is to just go with the flow. Invest what one can afford to lose and consider it for long term.
Increase or decrease in price is just a movement of the market, we do not always need to find a reason every time the market fluctuates. There is no market that only goes up and never goes down. Moreover, bitcoin is still trading below $30k, which is a good thing if you look at it on the positive side, you will have plenty of time to accumulate at the low price.
I have the opposite opinion of you, volatile market is a good thing, and if we keep an eye on it, we will have more opportunities to take advantage than panic when volatility occurs.
When the bitcoin price is back above $30k, of course we all feel very happy because the last few months the bitcoin price has climbed above $30k. Therefore I expect bitcoin's current rise in price to continue at least soon to reach at least above $40k this year.
maybe it will go down first before it will increase to reach $ 40K, because with a long enough time, the price will probably be able to go down again before actually preparing for the moment to increase closer to the time the halving will occur. The halving is just waiting for the month and there will always be surprises beforehand.
Bitcoin price movement is happening at a slower phase. Even when the price gets pumped, none were able to predict the outcome to hold above $30k. According to me, the price of bitcoin holds down to $30k for some reason. Possibly the upcoming halving scheduled for 2024 seems to be the reason. When we're into bitcoin or other cryptocurrency investment, we should not keep on watching the market. If so, surely we'll find it difficult to invest as the market keeps varying. Better is to just go with the flow. Invest what one can afford to lose and consider it for long term.
The halving should drive more bitcoin price up as the reward miners receive has been halved. This has been strong fundamentals for bitcoin which is further believed to be more expensive than the previous ATH in 2021.The market will still fluctuate, but for a long-term investment plan, you must believe that this bitcoin continues to move up from year to year even though a correction is inevitable. We may have gone through the lowest phase in the past year, so it's time for us to think about and maybe enjoy some more recovery until the 2024 halving.
This image will explain it:
After 10month later btc again touch 30k range, Although I was happy to see it rise to the range of 30k, but a deep pain and fear was created in my chest, actually the fear is that I don't feel comfort when the price of bitcoin goes higher because after investing at that price, if btc's value goes down. It's like the bitcoin pump couldn't make me happy.
I would like to know your feelings on this matter.
unfortunately $ 30k is only temporary and my feelings are clearly not good, I would like to know your feelings on this matter.
because the price of Bitcoin is currently still below $ 30k, I think a bullrun will come if Bitcoin is above $ 30k again.
Bitcoin price movement is happening at a slower phase. Even when the price gets pumped, none were able to predict the outcome to hold above $30k. According to me, the price of bitcoin holds down to $30k for some reason. Possibly the upcoming halving scheduled for 2024 seems to be the reason. When we're into bitcoin or other cryptocurrency investment, we should not keep on watching the market. If so, surely we'll find it difficult to invest as the market keeps varying. Better is to just go with the flow. Invest what one can afford to lose and consider it for long term.
considering previous data, once the price reaches $30k, the path to the next high becomes more achievable. This outcome naturally boosts investor optimism. However, considering the ongoing downward movement, with the current price hovering around $27k—a decline of over 10% in just a month—we must exercise patience and wait for the situation to unfold.
It's been almost 2 months the price was below $30k, when the March price reached around $30k then many panicked and bought because the hope would continue to rise, I also bought around $450 at a price of $30,200, but unfortunately after the big increase that occurred in March the trend the decline has continued until now, even this week the price has dropped by more than 9%.
Just as people have to move step by step to achieve success, In the case of bitcoins, it will be move gradually first $30k and then $35k will have to up in this way. Many people invest in Bitcoin and dream big in a short time which is not possible in reality. Bitcoin price has increased by 2.4 percent in the last 24 hours. But I am sure these little pump will not last longer. However, if it stays in the $30K range, everyone believes that it will go further in the future. However, I am optimistic that Bitcoin will be able to reach its highest price within this up and down trend. If Bitcoin is able to hold the price of $30k for a long time then it may turn upside again and then we will be able to see it's $40K movement.
In the last few hours, bitcoin seems to be starting to test the $28k resistance. I started to hope that the resistance would not be too difficult to break at the end of May, but it seems that retail traders are too panicked by the current market situation and they tend to sell. I can expect $28k to be broken in the next few hours and the market to close above $28k. If this does happen, then market recovery after the correction throughout May can be expected.
To test the $30k resistance I think we just have to hope a lot of new investors come in and buy more while hoping for the trader panic to subside. I think it's best to hope for $30k to be broken again before the end of May or early June.
To test the $30k resistance I think we just have to hope a lot of new investors come in and buy more while hoping for the trader panic to subside. I think it's best to hope for $30k to be broken again before the end of May or early June.
Over many weekly bars of the last 3 years in a larger view we can there is good reason for 30k to be respected in volume and resistance. Most recently we have also found the 200 weekly average on the lows but as a moving indicator its not support or resistance by itself just showing some momentum longer term. We traded below that measure and have recovered some but those I think are fair boundaries to call out at the moment; range bound.
This kind of feeling of feeling bad and good when the price of bitcoin increases and decreases in price happens to newbies especially.
This brings back memories of my inexperience and lack of knowledge regarding the volatility of bitcoin prices. Depending on the current price of bitcoin, I do respond to even the smallest developments in the crypto market either positively or negatively.
As that goes on and I continue to be actively involved with bitcoin, I start to realize that the bitcoin price is unstable and that nobody has any control over how much it varies up and down. Feeling happy or unhappy when there is price fluctuation is absurd.
That's how I put an end to it by utilizing the fluctuation in the price of bitcoin as a chance to either accumulate more or use a dca approach.
This brings back memories of my inexperience and lack of knowledge regarding the volatility of bitcoin prices. Depending on the current price of bitcoin, I do respond to even the smallest developments in the crypto market either positively or negatively.
As that goes on and I continue to be actively involved with bitcoin, I start to realize that the bitcoin price is unstable and that nobody has any control over how much it varies up and down. Feeling happy or unhappy when there is price fluctuation is absurd.
That's how I put an end to it by utilizing the fluctuation in the price of bitcoin as a chance to either accumulate more or use a dca approach.
Unfortunately, since March until now there has been no good movement, when March and reaching $ 30k certainly makes us optimistic that the market will soon recover, unfortunately there is a correction and now the price is only $ 27k, and in my opinion this is still in a reasonable price range and Market immediately rising again.
I wasn't optimistic because bitcoin was pumping too fast and the signs of a correction was showing, Bitcoin took a very long time after the previous pump to cross $30,000 and it couldn't pump higher after trading over $30,000 for some days and that's when I knew we might experience a correction.
We might experience further correction if things doesn't happen to change the movement of the market, may is about to end and it feels like we'll not trade above $30,000 again in this month and maybe june will be profitable for Bitcoin investors that are investing now.
All what's happening to the price of Bitcoin are short term issues, looking at the big price targets, current prices are great opportunities for us to buy Bitcoin and hold because in the next one year, the price of Bitcoin would be trading high.
It's been almost 2 months the price was below $30k, when the March price reached around $30k then many panicked and bought because the hope would continue to rise, I also bought around $450 at a price of $30,200, but unfortunately after the big increase that occurred in March the trend the decline has continued until now, even this week the price has dropped by more than 9%.
Unfortunately, since March until now there has been no good movement, when March and reaching $ 30k certainly makes us optimistic that the market will soon recover, unfortunately there is a correction and now the price is only $ 27k, and in my opinion this is still in a reasonable price range and Market immediately rising again.
I feel a different feeling. after the bitcoin price rose significantly and touched the price range of $ 30k I felt happy, but that happy feeling slowly turned into anxiety after $ 30k became a resistance point that was very difficult to pass. I am confused between continuing to hold or selling first and then buying again after the price is corrected because there is a possibility that the bitcoin price will be corrected to the $25k area if it fails to penetrate $30k.
I think this year the price can set a new ATH record, when there was the FTX case at the end of 2022 which made the price crash even more, now investors are slowly getting more optimistic about looking at future prospects, I'm sure $30k will happen again this week even though the current price is falling again.
I don't that we can set a new ATH this year, we are still very far from reaching it. If we look at bitcoin's previous history, we have this catalyst know as the bitcoin halving. So it will happen next year, so obviously, majority are speculating that it might be 2024-2025 bull run and then we will set new ATH then.
As for the $30k, we just had another correction, perhaps it was due to the network clogging that investors are staying away from bitcoin for now. This has been a big issues and discussions in the market lately, brc-20 spamming the network causing fees to spike and no one wanted that to see.
With 360 days to go until the halving, the bitcoin network is suddenly congested and causing anxiety in the market, and the world economic situation is still full of uncertainty due to the collapse of the banks. As we can see, no positive factor or catalyst can help bitcoin hit ATH this year.
Optimism is good, but we are risking our money, so we need to be realistic to have a more sensible plan. Even if bitcoin crosses $30k or $35k as many expect, there is no guarantee there will be a bull season this year.
speak about 30k or 20k or even 10k. I wont really be that too impulsive when it comes to this because whenever or whatever price i do might able to look into this market then there's always a corresponding
approach and plans into that on which it would really be just that normal that whenever it do make out some crashes or declines then thats the best time to accumulate more. My portfolio is divided
into different categories or types on which one is really that for the sole purpose of long term aspect on which i do accumulate more and the other one is really that intended
or for the sole purpose of short term purposes or simply the amount which i do trade.
Emotions could bring out such impact and it would be entirely be depending on how you would be approaching into it and act accordingly.It does depend because each investor
does have their own impressions and plans have in mind.
Many analysts believe that when the price of $ 30k can be reached it will be easier to reach the next high, of course this is natural because it will make investors more optimistic, but if you look at the price movement which has continued to decline and is now only around $ 27k or down more than 10% in a month then we have to wait patiently.
Transaction fees are extremely high due to the network congestion currently created on Bitcoin. As these fees are high, many believe that the price of Bitcoin will also increase. Miners will be encouraged especially if the fees are high. As a result, the price of Bitcoin will naturally will be increased. We witnessed a situation in 2021 when Bitcoin surged. Currently, the price of Bitcoin is slightly down, but once network congestion returns to normal levels, Bitcoin will start to become bullish again. Bitcoin is currently in a position where the potential for bull market is high.Yes, there is no doubt that it has increased more now in terms of fees indeed. And we also know that it will be really bullish again but we just don't know what day, time because of its volatility.
Isn't it possible with what is happening now with bitcoin fees that are so expensive that there will be a short fork in Bitcoin?
what do you think? because what is happening now regarding this matter is not really good.
I think this year the price can set a new ATH record, when there was the FTX case at the end of 2022 which made the price crash even more, now investors are slowly getting more optimistic about looking at future prospects, I'm sure $30k will happen again this week even though the current price is falling again.
I don't that we can set a new ATH this year, we are still very far from reaching it. If we look at bitcoin's previous history, we have this catalyst know as the bitcoin halving. So it will happen next year, so obviously, majority are speculating that it might be 2024-2025 bull run and then we will set new ATH then.
As for the $30k, we just had another correction, perhaps it was due to the network clogging that investors are staying away from bitcoin for now. This has been a big issues and discussions in the market lately, brc-20 spamming the network causing fees to spike and no one wanted that to see.
With 360 days to go until the halving, the bitcoin network is suddenly congested and causing anxiety in the market, and the world economic situation is still full of uncertainty due to the collapse of the banks. As we can see, no positive factor or catalyst can help bitcoin hit ATH this year.
Optimism is good, but we are risking our money, so we need to be realistic to have a more sensible plan. Even if bitcoin crosses $30k or $35k as many expect, there is no guarantee there will be a bull season this year.
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