Bitcoin market view | Bitcointalksearch.org

OcTradism

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Quote from: PrivacyG on December 04, 2024, 08:24:42 PM

And still. The best strategy to apply is Dollar Cost Averaging. It is ALWAYS a good strategy, even if purchasing while Bitcoin is rallying.

Only talk about it is not enough to convince newbies. They will need to see real good results from DCA strategy and some DCA calculators can help them.

Make their inputs and calculators will give them results of DCA.
https://dcabtc.com/
https://costavg.com/

They can compare ROI chart of Bitcoin, gold, S&P500.
https://casebitcoin.com/charts#roi_chart

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Then after all. It is mostly important to apply the simplest rule of Investing. When you put that Money on Bitcoin, consider it lost forever. That way, you are not panicked or scared by any significant move you may see.

Invest what they afford to lose, it's exactly good approach for their investment. Invest with reserved money for life and emergency, then they will have less pressure to get profit from Bitcoin investment and will be able to hold their coins better.

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And still. The best strategy to apply is Dollar Cost Averaging. It is ALWAYS a good strategy, even if purchasing while Bitcoin is rallying.

Then after all. It is mostly important to apply the simplest rule of Investing. When you put that Money on Bitcoin, consider it lost forever. That way, you are not panicked or scared by any significant move you may see.

What Bitcoin may do? Considering its past, I expect it to have a significant rally in the following weeks.

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Quote from: IceLincoln on November 26, 2024, 06:28:08 PM

You know people are always eager to buy a dip and as such pushing the market cap higher.

Dip buying can help to reduce severity of falls but it does not guarantee that price will rally well and make a new higher high so that nothing to be sure about higher market cap. Your thinking is not logic.

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So as you all know higher market cap equals higher dominance and price increases.

Nope too, especially not in bullish market when altcoins can be created abundantly and contributed more to cryptocurrency market cap. These new altcoins and these rallies of old altcoins will cause considerable drop of Bitcoin dominance in this market. You need to check cryptocurrency historic dominance to see it. Bear market kills altcoin prices, their market caps drop, their market dominance decreases, and they even died in bear market.

https://coinmarketcap.com/charts/bitcoin-dominance/

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Quote from: IceLincoln on November 26, 2024, 06:28:08 PM

Bitcoin has been hovering closer and closer to the psychological milestone of 100k in past weeks but the market has finally reacted to the $100k zone and taken a correction back to 92K, early long positions were fatally liquidated.
Whether this will last or just be a minor pullback is yet to be seen.
What if we get to see 90k it’ll be interesting to see how the market will react if we touch down 90K.

I think Bitcoin has even reached $99.8k before correcting back to the least $94k and never went to $90k ever since then but just staggering withing $98k - $94k so I think on the time of you creating this thread maybe bitcoin has touched the height of $98k maybe probably you where not updated.

Quote from: IceLincoln on November 26, 2024, 06:28:08 PM

Altcoins are slowly responding to this dip, different from how they normally react with bitcoin.
For now I’ll like to still go long on altcoins especially those that have not really touched their growth potential.

Even though altcoins may look good to you, I would not advise you to go for shitcoin or memecoin because they are mirage. They are far from what they look or how they appear, please Be wise.

Quote from: IceLincoln on November 26, 2024, 06:28:08 PM

Bitcoin still maintains dominance despite the reduction and I think it’s making provision for a new long position giving investors atleast a decent entry point.

You sound like a trader and I see the point you are going well if you are a trader it's ok by you but for the HODLers the reduction in price of bitcoin gives rise to accumulate more to be at advantage of having more bitcoin In Your portfolio.

Orpichukwu

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Quote from: AVE5 on November 28, 2024, 08:05:21 AM

Indeed the market is still bullish because it regained it momentum after fallen to $90,000 just recently it was almost $100,000.
Some will Call it correctional movement and some says it's dip.
Whatever it's being sighted as , that's just the schematic movement programed of bitcoin.
Definitely if it has been some other coins we'd had got lot of them gone dumped after a pump and some would lost their valuability but bitcoin has always be solid enough to counter the Volume of its volatility until it bounces back to it peak of maintaining a highily value in the crypto space.

The market is coming back up as I see some green light shown today in the market. We can see how Bitcoin moved from $94k, which it was struggling with in the early hours, up to $98,900, which it almost crossed back to $99k before it dropped down again this evening to $98k+, which it is as of the time of this comment.

Bitcoin will always remain strong, like you were saying about altcoins; some altcoins, after seeing ATH and then dumping in price, never make it back to the top again, and some collapse from there, and you will never hear of them again.

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Quote from: IceLincoln on November 26, 2024, 06:28:08 PM

Altcoins are slowly responding to this dip, different from how they normally react with bitcoin.
For now I’ll like to still go long on altcoins especially those that have not really touched their growth potential.

I can relate to this, My Notcoin that retraced to almost $0.005 has pumped to $0.0095 currently and it's still doing well in the markets. Other altcoins and Meme coins are doing well too. But investors must be very sharp to sell off before serious price retracement starts. It's still early though and I expect more good performances from altcoins

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Though I don’t expect it’ll dump lower than this, lowest I think will be 90k. What do you think?

I don't think we would see that price for Bitcoin again until probably the next dip. Bitcoin is recently resisting around $95k to $96k and currently it's above $98k. The market is favorable now and such dips would be expected after the bull run. Investors are trooping in to secure their chance in the profits of the bull run, the price of Bitcoin is anticipated to reach $100k soonest.

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Quote from: SquirrelJulietGarden on November 28, 2024, 09:10:16 AM

Most people in the market buy highs, sell low and only intelligent investors, traders manage to buy low, sell high. The market is zero sum game but most of people in the market are losers (by buy high, sell low), and only the minority of them are winners (by buy low, and sell high as taught by many books, courses).

Only limited people can practice as "Be greedy when others are fearful, and be fearful when others are greedy".

There are very fearful in bear market and very greedy in bull market, and Bitcoin fear and greed index chart shows how the majority reacts in the market.

Just let them do what they want buy high and sell low. We can't stop them from doing that. If they are doing that then I think they have a lot of money to spare since they buy high and sell low. I like the saying be greedy when others are fearful and vice versa, it surely tells how a person can benefit when others are fearful like there are not many people who accumulate a lot of bitcoin when it was still at lower price and only regretted not buying when the price increased a lot just like now.

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Quote from: nakamura12 on November 28, 2024, 06:00:33 AM

That's what many people are doing which is to buy at a low price and sell at a high price.

Most people in the market buy highs, sell low and only intelligent investors, traders manage to buy low, sell high. The market is zero sum game but most of people in the market are losers (by buy high, sell low), and only the minority of them are winners (by buy low, and sell high as taught by many books, courses).

Only limited people can practice as "Be greedy when others are fearful, and be fearful when others are greedy".

There are very fearful in bear market and very greedy in bull market, and Bitcoin fear and greed index chart shows how the majority reacts in the market.

AVE5

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Quote from: Darker45 on November 26, 2024, 11:00:31 PM

The price has actually fallen down to the $90,000 level. But there was no further dip after that. Instead, it bounced back to more than $92,000 in a matter of hours. Apparently, the market is still bullish. It's just that $100,000 has a thick and high wall to bring down. Every time the price gets near to it, it's immediately rejected.

If I were you, I'd stack more Sats than long altcoins. I'm now confused with those who are calling for the upcoming altcoin season. Some are saying altcoin season begins with a bullish Bitcoin. Apparently, they're wrong. Others are saying it begins when Bitcoin retraces or corrects significantly. Well, the price had just fallen from $99,600 to $90,700 and still there's no altcoin season. I think there won't be one anymore.

Indeed the market is still bullish because it regained it momentum after fallen to $90,000 just recently it was almost $100,000.
Some will Call it correctional movement and some says it's dip.
Whatever it's being sighted as , that's just the schematic movement programed of bitcoin.
Definitely if it has been some other coins we'd had got lot of them gone dumped after a pump and some would lost their valuability but bitcoin has always be solid enough to counter the Volume of its volatility until it bounces back to it peak of maintaining a highily value in the crypto space.

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Quote from: Publictalk792 on November 27, 2024, 09:13:47 PM

That is right that buying Bitcoin when its price drops is good idea. This way we can take advantage of market ups and downs buy more Bitcoin and possibly make profit when the price goes back up and reaches new highs because we know this is the scenario of booking proft. However I also think that investors should be careful when it comes to investing in new cryptocurrencies. It might be tempting to jump on latest trend but risks are often too great. Many of these new projects do not have good track record and we do not know much about people behind them or how secure they are. This makes investors vulnerable to scams and hacks and other problems.

That's what many people are doing which is to buy at a low price and sell at a high price. The others are doing DCA even though it's in high price but it will be hold for a long term or short term depends on what they want to do. Being careful isn't always safe as investing in new cryptocurrency could lead to losses like the project failed or doesn't have a good purpose why it is created. This time the price of bitcoin going up and down would also be a chance to earn profit in short term.

Cryptohygenic

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I don't expect any experienced enthusiast to believe the surge of bitcoin market increase would be a continues until the bearish season. Bitcoin is a volatile digital currency and before we got to the current Ath, it has been on increase and decrease movement while gradually til we are counting more values on it increments.
So getting to $90,000 should not be a surprise or disappointed of if we really understand what volatilities is all about in the crypto market.
Investing on Alt Coins has also been advisable because they don't share shame blockchain with bitcoin and so also their market movements is not affiliated with the bitcoin market but though some potential coins do well shadows on bitcoin movement such Eth, Sol, Doge and some other potential coins that has gained global dominance as bitcoin.
So it is buyable if we diversify to take profits on bitcoin season and so also the Alt Coin seasons too but we should be careful of what Alt Coin to invest on.

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Quote from: OcTradism on November 27, 2024, 01:17:00 AM

In any Bitcoin bull run, buying dips is a great way to take advantage of bull market corrections, increase your bitcoin and get profit later when price not only recovers but also makes new all time highs.

People will very easy want to stack atlcoins, and ignore Bitcoin, but if they stack new altcoins which are created in this market cycle, they will have very big risk. The project teams and their reputation, dedication to their projects are very unknown factors. They can do scam exits, back doors to rug pull, many things and even their dedication is good, their projects can be hacked too.

As an investor or trader, no way to control these things, that's big risk for your portfolio in either investment or trading.

That is right that buying Bitcoin when its price drops is good idea. This way we can take advantage of market ups and downs buy more Bitcoin and possibly make profit when the price goes back up and reaches new highs because we know this is the scenario of booking proft. However I also think that investors should be careful when it comes to investing in new cryptocurrencies. It might be tempting to jump on latest trend but risks are often too great. Many of these new projects do not have good track record and we do not know much about people behind them or how secure they are. This makes investors vulnerable to scams and hacks and other problems.

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Quote from: IceLincoln on November 26, 2024, 06:28:08 PM

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Long positions are still advisable, however don’t be too over excited, anything can happen.

Though I don’t expect it’ll dump lower than this, lowest I think will be 90k. What do you think

After that dump that happened on the market, the price of Bitcoin right now sits at $96,000 from its low yesterday which is $92,000 (more or less). I've been reading posts on Binance regarding traders that are overleveraging, putting long positions with insanely high leverage and ended up losing all of their money because they expected that Bitcoin a few days ago would surpass $100,000, but it wasn't.

In fact, before the dump happen, I've seen a position on Binance where a whopping 900+ BTC has been positioned to sell at $100,000. Now it's gone but I will not be surprised if that holder/s will place it again and sell at that price.

$90,000 might be the bottom for the short term, but let's see how this goes.

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Quote from: Darker45 on November 26, 2024, 11:00:31 PM

Some are saying altcoin season begins with a bullish Bitcoin. Apparently, they're wrong. Others are saying it begins when Bitcoin retraces or corrects significantly. Well, the price had just fallen from $99,600 to $90,700 and still there's no altcoin season. I think there won't be one anymore.

They're not wrong but it just so happened that it's different this time. For most times, we do see altcoin season after Bitcoin just went after being bullish and reached its peak. But this time, I don't think we're on the peak yet. There's more for Bitcoin and we'll see that maybe after several months from now on. While I've read that the actual altcoin season starts whenever the market corrects and the alts are gaining more volume and dominance compared to Bitcoin. So, Bitcoin having lesser dominance is what they're saying. Let's see if the pattern still shows and if it will be the same, maybe totally different for this cycle.

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Quote from: IceLincoln on November 26, 2024, 06:28:08 PM

Bitcoin still maintains dominance despite the reduction and I think it’s making provision for a new long position giving investors atleast a decent entry point. You know people are always eager to buy a dip and as such pushing the market cap higher.
So as you all know higher market cap equals higher dominance and price increases.
Long positions are still advisable, however don’t be too over excited, anything can happen.

Though I don’t expect it’ll dump lower than this, lowest I think will be 90k. What do you think?

I don’t think this particular dump should come as a surprise to anyone because base on the past historical charts bitcoin breaking prices and going into added figures like the current six figures we are getting into their is always a delay before it breaks the price this is mostly because there many who take profits close to this targets. The dump is just a temporary one due to the outflow of funds from the market. The pump will come back and it’s already pumping which will lead its way to $100k..

The support at $92k still remains my primary support at the moment and I think it wouldn’t get below this except we go above the &100k and another heavy correction happens again

Quote from: cryptoaddictchie on November 27, 2024, 01:46:21 AM

Quite curious too if the norm has change before we knew that after bitcoin move the next are major coins or utility coins, but its the memecoins that are moving and utility alts havent move much but last bull season we saw somw great waves of top altcoins move a lot faster than now. It would be sad if we wont see another wave of alt season.

It’s definitely simple, many were treating Altcoins as the real gamble then and were to make quick returns but right now the attention has shifted to memes which could do that faster, utility alts like ETH will be the kick starter of the altcoin bull run and they will do numbers but I doubt will get the liquidity like before. Memecoins no matter their risk seems to be the talk of this bull run just like ICOs and NFTs did in the last bull runs

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Quote from: Darker45 on November 26, 2024, 11:00:31 PM

Some are saying altcoin season begins with a bullish Bitcoin. Apparently, they're wrong. Others are saying it begins when Bitcoin retraces or corrects significantly. Well, the price had just fallen from $99,600 to $90,700 and still there's no altcoin season. I think there won't be one anymore.

Quite curious too if the norm has change before we knew that after bitcoin move the next are major coins or utility coins, but its the memecoins that are moving and utility alts havent move much but last bull season we saw somw great waves of top altcoins move a lot faster than now. It would be sad if we wont see another wave of alt season.

OcTradism

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Quote from: Darker45 on November 26, 2024, 11:00:31 PM

The price has actually fallen down to the $90,000 level. But there was no further dip after that. Instead, it bounced back to more than $92,000 in a matter of hours. Apparently, the market is still bullish. It's just that $100,000 has a thick and high wall to bring down. Every time the price gets near to it, it's immediately rejected.

If I were you, I'd stack more Sats than long altcoins. I'm now confused with those who are calling for the upcoming altcoin season. Some are saying altcoin season begins with a bullish Bitcoin. Apparently, they're wrong. Others are saying it begins when Bitcoin retraces or corrects significantly. Well, the price had just fallen from $99,600 to $90,700 and still there's no altcoin season. I think there won't be one anymore.

In any Bitcoin bull run, buying dips is a great way to take advantage of bull market corrections, increase your bitcoin and get profit later when price not only recovers but also makes new all time highs.

People will very easy want to stack atlcoins, and ignore Bitcoin, but if they stack new altcoins which are created in this market cycle, they will have very big risk. The project teams and their reputation, dedication to their projects are very unknown factors. They can do scam exits, back doors to rug pull, many things and even their dedication is good, their projects can be hacked too.

As an investor or trader, no way to control these things, that's big risk for your portfolio in either investment or trading.

Darker45

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The price has actually fallen down to the $90,000 level. But there was no further dip after that. Instead, it bounced back to more than $92,000 in a matter of hours. Apparently, the market is still bullish. It's just that $100,000 has a thick and high wall to bring down. Every time the price gets near to it, it's immediately rejected.

If I were you, I'd stack more Sats than long altcoins. I'm now confused with those who are calling for the upcoming altcoin season. Some are saying altcoin season begins with a bullish Bitcoin. Apparently, they're wrong. Others are saying it begins when Bitcoin retraces or corrects significantly. Well, the price had just fallen from $99,600 to $90,700 and still there's no altcoin season. I think there won't be one anymore.

Ziskinberg

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It’s hard to predict a specific price, especially since we thought Bitcoin would easily hit $100k when it was already at $99k. Now that it looks like the price is dumping, there’s even a chance it could drop below $90k. If this bull run was the only one for the year, we might see the market bleeding from here on out.

But honestly, bear and bull cycles are part of Bitcoin’s normal rhythm. If you’re planning to sell or buy at a specific price, then sure, it matters. But if you’re hodling, there’s no need to panic. We’ve seen worse dips in the past, and the market always bounces back stronger.

you can also analyze the impact of this news.

Quote from: https://www.investors.com/news/bitcoin-price-100000-resistance-short-bitcoin-etfs/

BTC's price dropped sharply overnight as spot bitcoin ETFs registered $435.3 million in outflows, ending a streak of five consecutive days of gains, according to Farside Investors. BlackRock's iShares Bitcoin Trust (IBIT) was the exception, registering inflows of $267.8 million.

GreatArkansas

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Bitcoin's all-time high of around $99,000 is already $100 for me if we round it off. It is indeed a psychological milestone and resistance, that's why for sure it has not reached $100,000 because some already considered it as $100,000 even though it is a few hundred left.

So for me, just ever we will not see $100,000 back again in months, I believe it will be the same as what happened when we stayed in the $60,000 level for months this year after that all-time high level when we hit last year's's.

Overall, it's fine for me that Bitcoin will dump from here up to only $60,000 as I believe the current all-time high for me is too fast and it's healthy for the market to have its correction or pull back.

IceLincoln

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Bitcoin has been hovering closer and closer to the psychological milestone of 100k in past weeks but the market has finally reacted to the $100k zone and taken a correction back to 92K, early long positions were fatally liquidated.
Whether this will last or just be a minor pullback is yet to be seen.
What if we get to see 90k it’ll be interesting to see how the market will react if we touch down 90K.

Altcoins are slowly responding to this dip, different from how they normally react with bitcoin.
For now I’ll like to still go long on altcoins especially those that have not really touched their growth potential.

Bitcoin still maintains dominance despite the reduction and I think it’s making provision for a new long position giving investors atleast a decent entry point. You know people are always eager to buy a dip and as such pushing the market cap higher.
So as you all know higher market cap equals higher dominance and price increases.
Long positions are still advisable, however don’t be too over excited, anything can happen.

Though I don’t expect it’ll dump lower than this, lowest I think will be 90k. What do you think?

Topic: Bitcoin market view (Read 248 times)