Topic: Bitcoin - is the bottom in? (Read 414 times)

All extremes are bad because they do not allow us to see the world as it is, those that are always bearish about bitcoin may have been extremely happy during 2022 as they were thinking they knew everything there was to know about bitcoin due to the negative trend we suffered back then, but so far 2023 is a year that is proving them wrong and they cannot accept this, so they fabricate all kind of excuses so they do not have to admit they are wrong.

that is the main reason why I put this post here because it is our money and it is something we must be concern off, people are easy to say this or that because it is not their money so why they need to concern when they only need post counts but it wont be their reality in life and specially to mention? most of those people are not even a true investors lol.

We are risking with our own money, so I think we need to have realistic thoughts and not be too delusional about an always bullish market. Over-optimism sometimes does more harm than good. I still expect bitcoin to recover this year, but I always have a plan B in case of bitcoin drops again. In addition to the market cycle, we also need to pay attention to world economic developments, this is the main factor in determining the direction of the market. This is the first time bitcoin has experienced an economic crisis, there will most likely be some changes, so always have a backup plan.

The "reason" for 2021 increase was basically halving (means change in supply)? I do not really see any other big reason for it to be like this at all. I know that it is not going to be something simple like that easily, but it should be something that we could enjoy very much so. I know that it is going to be as entertaining as it gets, but that doesn't change the fact that we are going to end up with the same thing over and over again.

Probably we are going to see ATH this year, or the next, but I think we could, maybe we will or maybe we won't but just because it may not, doesn't mean it can not, those are two different things. It can pass ATH this year, it may not, but it can.

even how optimistic you are mate but always remember being reality , the market has no reason to grow as much as 2021 so why expect ATH this year or  the next?
you also need to understand that the market trend change mostly in every 4-5 years cycle as what we have seen in the space for many times now.
so unless you are intending to be failure then believe in what you wanted now.

Early in the year, of course I'm optimistic that the market will be easy to rise and like the trend that occurred in 2021, at the beginning of the year the price rose by more than 25% and continued to rise until it reached ATH in April, even though the price fell again but at the end of the year it could reach ATH again, unfortunately in 2022 there are many cases that make investors panic and hit lows at $15k, and hopefully it won't happen again.

This seems like the correct way to look at things, we know that a bull season cannot start until the halving takes place, and since that is not the case it is very difficult for the price to move positively, and right now we are seeing an example of this, bitcoin has been moving positively since the beginning of the year but as soon as the month of March began the price started showing signs that a small reversal is probably coming.

It is true that the market is unpredictable, but that does not mean it is impossible to predict, if no one guesses, we all lose, but we also have a lot of people making money in the market meaning the market can still be predicted.

Those who study hard and accumulate experience and skills, they can make predictions that can bring them profits, while those who are lazy but want to make quick money will pay the price with their money.

I see the unpredictable market as a good and fair thing, those who work hard always pay off.

You are right that the cryptocurrency market can be unpredictable and difficult to predict. The price of cryptocurrencies can fluctuate greatly over short periods, making it challenging for traders and investors to determine when to buy or sell.

But, though it's true that the market can be unpredictable, it doesn't mean that it's impossible to make informed decisions based on market trends, technical analysis, and fundamental factors. Experienced and knowledgeable traders and investors use a variety of tools and strategies to analyze the market and make educated guesses about future price movements.

We are not yet free of the bears and 2023 is still bear season. Bitcoin's price rally over the past 2 months is just a short-term bull run, not a sign of a bull season. Even though bitcoin fell below $22k at one point, I believe this drop will not be able to get below $20k, meaning we have bottomed for this year's bear season, and it happened last year.

     -   In what happened today in the market regarding the value of Bitcoin these past 8 hrs ago, its bottom price fell by 21973$ and rose again at present by 22300 almost.

Because of this incident, I think it is clear that we are still in the bearish stage and we are not yet in the bullish season. But even so, we still need to be prepared, let's just think that this is the time to buy bitcoin and then hold, it's that simple to understand.

There are still many different ways to make money from Bitcoin. Investors should always use their own judgment when investing.  There are two aspects of investing, one is to earn money by investing for short time and another is to invest for long term and there is a great opportunity to earn a lot of money. Choose either one. Then there is an opportunity to earn a lot of money from here.

You are free to what to believe mate and that is your rights as investors but the goal here is to how we will make money in this coin mate.
Bitcoin seems to be up and down since last year , some says this is the effect of recovery and also correction , but whatever the point is? we must always consider buying when the price is low and then wait till it grows.

That is one way to deal with this, but another way to do this is instead to look at the fall of the price as something positive, people get scared when the price goes down as they think of all the money they are losing and the money they could lose if such movement continues, but if instead of thinking that way people think about such a drop as an opportunity to buy bitcoin for a discount and buy the dip then they will look forward to see a drop instead of fearing it.

but what? when and where did I said something about your concern? I was just pointing that same thread had been created recently and your post is something about what? lol what is optimism in my post?
who are subjective? did you really understand what I am saying here? and back up plan? i am only concerning the same posting and threads and what had been said on those thread and it is not my posts lol.

It cant really be that predictable in the first place and we know that this market is truly that unpredictable and there's no way or someone could able to see on where it would be going.
There's no way that we could determine whether its already be bottom or not and it is really hard to determine on when it would be going up or down.If it was predictable
on the first place then all of us would be making money and also it cant be called a market since it doesnt really getting involved buy
and sell on this case.

I don't and I disagree with him. I think we do not need to have a freefall type of thing and we shouldn't be really worried about where we will end up, it may not look amazing as of right now, but it's fine and we should be feeling fine about the potential we already have. It's good enough for all of us and it should stay good enough.

At the end of the day, crypto is not really that confusing and we should be basically making a good amount of change whenever we can about the price and right now we are trying to make a change upwards and failed a few times but that doesn't mean that we can't keep trying, as long as people have those hundreds of billions of dollars worth stablecoins, we can keep trying.

True, it is better to focus on collecting more bitcoins than to think about the next low for bitcoin because that can make us miss buying at low prices. It's okay to buy on the dips, although there will still be a few more dips before the price starts to increase, and we can use those more dips to buy again.

When we believe that bitcoin will rise again, we will definitely use the moment of decline to buy more and hold more. And many people have proven that when they buy at a low price, they can sell it at a high price, even though the price hasn't reached its peak yet.

Do you have a stronger basis of reference when saying there must be a sacrifice such as a free fall to a lower price and then bounce back up?
Because if you can figure it out in time, you will get rich quicker by buying Bitcoin at a low price and then selling it at a bull run price. So I also want to know this more precisely so that I can prepare a large amount of buying funds, because previously I thought that Bitcoin could increase without having to make corrections even though corrections are always in the market.

I agree we shouldn't really be here, its gone too far or stayed for long below the 200 week average and almost always BTC does not act like this.    Its quite worrying to some, since June last year we've been submerged in that way and normally BTC floats above the 200 week even if its 'low' we go into a lull and stay sideways while things work themselves out.
The lows in years after 2013 peak that to me were the worst kind of drop out that I can remember, over a year below 200 week vs now only 8 months so far.      I think 2014 and for a couple of years it was quiet.  2013 peak was headlines on main channel news as I remember and after, much silence though some involved continued of course and thats the most important thing.    BTC at present has stayed in the headlines but with negatives like exchanges falling or a stable coin, of course none are directly BTC so should be taken as a false sell scenario really.


If I fall through thin ice, in a negative scenario but climb back out even afterwards there is some recovery in that struggle.  So I do see 2023 a bit like this, we have yet to fight back above 200 week average and its an important fight for this very long term measure.   Even after that fight is won, energy is used up we must build strength before all this talk of higher prices we wont be sprinting imo not this year and thats ok also.