Bitcoin may not experience blood bath

GeorgeJohn

hero member

Activity: 1498

Merit: 711

Enjoy 500% bonus + 70 FS

Quote from: herurist on January 13, 2022, 11:59:17 AM

all I'm doing right now is holding and holding until my target is touched.
regardless of blood or green I don't really have a problem with this because something is bound to happen, when bearish happens, it's bullish and vice versa.
so, just enjoy the moment because it is a process regardless of green or red. when it's strong then continue when it's not strong you can look for other better alternatives although so far I haven't found anything better than bitcoin

I know, some don't bother when bitcoin price is accelerating or depreciating, because of the time frame period of investment, it seems that at this period many prefer holding for long periods than be inquisitive about the acceleration of cryptocurrencies generally, their is one major factor that we have to consider mostly in crypto sphere, the first do not discouraged anyone for his method of generating income or profit in cryptocurrency, i notice that some investors benefit during bearish time, because they engaged in purchasing in quantum of cryptocurrencies and invest for long periods.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Quote from: Baofeng on February 10, 2022, 06:50:22 AM

Of course who doesn't want the price to increase, though we all know that bitcoin market has bullish and bearish cycle. And there have been comparisons that we may have a 2018 bearish movement.

So far though, it seems that about a week, the price seems to be going up, there is no FOMO and the only reason we can think of is that stock investors who sold their FB went to bitcoin market. But still we need to be cautious of this kind of movement and we can't just simply say that we are bullish right now.

I agree with you, however, seeing that throughout the year 2021 a lot of investment entered the market, many institutions, those institutions do not like to see their investment drop in price so much, so it is possible that they put up sales walls to stop the bears, this is normal, since they are considered the strong hands of the market, it is for this reason that even for me the strong hands of 2018 have not yet come into action, only the new investors are the ones who have moved the market.

Congyang

full member

Activity: 882

Merit: 110

Quote from: South Park on February 09, 2022, 05:39:06 PM

Quote from: Congyang on February 01, 2022, 08:17:53 PM

that's why people who have been in crypto for a long time, especially people on this forum, often suggest investing if you are ready to lose and at least use money that will not be used in the near future. because what I feel so far is as you say. The market is very unstable and especially for December and January now and indeed we must accept this and remain calm so that what we do is not wrong when the market is like this.
the market may be hot and prices continue to fluctuate but we must not get carried away and must be level-headed in determining actions

That advice applies to all kind of investments and not only to bitcoin, after all it is easy to think that we are not going to need the money that we invest in it, but life is full of surprises which means that just at the worst possible time when the market is hitting the bottom is when we need the money, this is why it is important have several saving funds so we do not have to touch our investment at the worst possible time, but unfortunately this is an advice very few people follow, and they eventually pay the consequences of those mistakes.

It's true that this all leads to everything that we invest in and not only Crypto but because here we are only discussing Crypto so I narrow it down to be more specific but indeed I do not deny that this is an action taken for all who invest everywhere not only for cryptos.
Now this is the problem, why do we have to do it with money that is really not really used and ready to lose because we will not know about life, sometimes the need comes suddenly and cannot be predicted.
So why is this not done too much, because many of us are still naive and always hope that profits will always occur so we don't predict a market that is indeed volatile.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: Maestro75 on February 10, 2022, 02:47:02 AM

Quote from: mk4 on January 12, 2022, 10:24:49 PM

Yea.. I used to have the same opinion that we wouldn't have 2018-levels of corrections because of how different the space is today. But now that most people seem to have the same opinion, I'm having doubts. Most of the time, things go "wrong" when people get overly bullish; like in this case.

You are funny. You want to be the only one standing alone but that is not going to be possible. Alot of people are bullish on bitcoin because they want it to come up in price so they can cash out. But if they are not heavy investors their opinion will not do anything for them. I like it when people get bullish as it brings in FOMO and hype, and this will spread like wildfire and get more people interested.

Of course who doesn't want the price to increase, though we all know that bitcoin market has bullish and bearish cycle. And there have been comparisons that we may have a 2018 bearish movement.

So far though, it seems that about a week, the price seems to be going up, there is no FOMO and the only reason we can think of is that stock investors who sold their FB went to bitcoin market. But still we need to be cautious of this kind of movement and we can't just simply say that we are bullish right now.

Maestro75

sr. member

Activity: 1960

Merit: 329

Quote from: mk4 on January 12, 2022, 10:24:49 PM

Yea.. I used to have the same opinion that we wouldn't have 2018-levels of corrections because of how different the space is today. But now that most people seem to have the same opinion, I'm having doubts. Most of the time, things go "wrong" when people get overly bullish; like in this case.

You are funny. You want to be the only one standing alone but that is not going to be possible. Alot of people are bullish on bitcoin because they want it to come up in price so they can cash out. But if they are not heavy investors their opinion will not do anything for them. I like it when people get bullish as it brings in FOMO and hype, and this will spread like wildfire and get more people interested.

virasog

legendary

Activity: 3136

Merit: 1172

Leading Crypto Sports Betting & Casino Platform

Quote from: ultrloa on February 09, 2022, 06:14:45 PM

Quote from: Sayeds56 on February 07, 2022, 12:39:42 AM

Quote from: pushups44 on January 14, 2022, 10:31:57 PM

As the crypto market matures, we are seeing more stability and less volatility with prices, but of course as the industry is still relatively young, it will still be much more volatile than many other markets. I don't see a massive plunge in bitcoin's price without a massive pump beyond the previous all-time high. The good thing about a more level cycle is, although the profits will not be as much, there will be a less pronounced crash during the bear market. On the other hand, I think many shitcoins need to die off.

Well said. Crypto market will get more mature and stable as more and more institutions will invest in it and its marketcap increases to reasonable levels. I think Bitcoin will not see any major fall in coming weeks or months as it has already bottomed out when its price fell to around 33K level which in my opinion was bottom. This morning Bitcoin opened the new week with its price above 42K which indicates that we will see organic growth in its price in coming weeks. DYOR

Since the recovery already happen and people's attention are into it right now maybe we can see stable or little much bullish condition at the moment, for sure many think that the bearish phase already ends since many are now accumulating so hopefully we can see brighter figure to see on what will happen next since for now its hard to give a prediction towards what will happen next month.

Even though bitcoin has recovered, this makes it chances more to again dump from the resistance. The probability of going higher was more at 33K as compared to now at 44K. If bitcoin dump 1000 - 2000 $ in a day, we may experience another bloodbath in the altcoins. Right now, i am not sure, if the market will keep on moving towards 50K or we are going back to 35-36K level. However, in the case of dump, there will be some support at 40K level also.

Kasabus

hero member

Activity: 2814

Merit: 576

Quote from: South Park on February 09, 2022, 05:39:06 PM

Quote from: Congyang on February 01, 2022, 08:17:53 PM

Quote from: Oceat on February 01, 2022, 06:59:19 PM

This is correct and losing is always be a part of trading that's why if you are in this very volatile market you should be ready to risk but you should know how to minimize the risk since you won't like it when losing a lot though that's why minimizing or handling the risk well is a must.

It was expected already that traders want a decent return when in this volatile market but you need skill that can surpass the volatility and risk in this market.

that's why people who have been in crypto for a long time, especially people on this forum, often suggest investing if you are ready to lose and at least use money that will not be used in the near future. because what I feel so far is as you say. The market is very unstable and especially for December and January now and indeed we must accept this and remain calm so that what we do is not wrong when the market is like this.
the market may be hot and prices continue to fluctuate but we must not get carried away and must be level-headed in determining actions

That advice applies to all kind of investments and not only to bitcoin, after all it is easy to think that we are not going to need the money that we invest in it, but life is full of surprises which means that just at the worst possible time when the market is hitting the bottom is when we need the money, this is why it is important have several saving funds so we do not have to touch our investment at the worst possible time, but unfortunately this is an advice very few people follow, and they eventually pay the consequences of those mistakes.

When it comes to any types of investments, we always have this golden rule "Never invest money that you can't afford to lose." So definitely, save first for emergency purposes, and after that you can start saving to finance your investment. However, having bitcoin as our topmost investment will give us an edge from some other investments because of the expected huge returns. But bitcoin will never stay in peaks at all times, it has also its own flaws that we should learn to manage. This is the reason why bitcoin needs a higher risk since its not a guaranteed source of profits all the time.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: ultrloa on February 09, 2022, 06:14:45 PM

Quote from: Sayeds56 on February 07, 2022, 12:39:42 AM

Quote from: pushups44 on January 14, 2022, 10:31:57 PM

As the crypto market matures, we are seeing more stability and less volatility with prices, but of course as the industry is still relatively young, it will still be much more volatile than many other markets. I don't see a massive plunge in bitcoin's price without a massive pump beyond the previous all-time high. The good thing about a more level cycle is, although the profits will not be as much, there will be a less pronounced crash during the bear market. On the other hand, I think many shitcoins need to die off.

Well said. Crypto market will get more mature and stable as more and more institutions will invest in it and its marketcap increases to reasonable levels. I think Bitcoin will not see any major fall in coming weeks or months as it has already bottomed out when its price fell to around 33K level which in my opinion was bottom. This morning Bitcoin opened the new week with its price above 42K which indicates that we will see organic growth in its price in coming weeks. DYOR

Since the recovery already happen and people's attention are into it right now maybe we can see stable or little much bullish condition at the moment, for sure many think that the bearish phase already ends since many are now accumulating so hopefully we can see brighter figure to see on what will happen next since for now its hard to give a prediction towards what will happen next month.

Normal reactions could really be seen on these times on where there would be change of hearts and sentiments basing up on the condition or situation they are really seeing.

They do say that bloodbaths couldnt really be experienced again but when the time comes there are some huge correction then they would tell that the market is over and when the time comes there is some
recovery then this is the times on where they do changed up sentiments which is really a normal common human reaction to be made out.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: Sayeds56 on February 07, 2022, 12:39:42 AM

Quote from: pushups44 on January 14, 2022, 10:31:57 PM

As the crypto market matures, we are seeing more stability and less volatility with prices, but of course as the industry is still relatively young, it will still be much more volatile than many other markets. I don't see a massive plunge in bitcoin's price without a massive pump beyond the previous all-time high. The good thing about a more level cycle is, although the profits will not be as much, there will be a less pronounced crash during the bear market. On the other hand, I think many shitcoins need to die off.

Well said. Crypto market will get more mature and stable as more and more institutions will invest in it and its marketcap increases to reasonable levels. I think Bitcoin will not see any major fall in coming weeks or months as it has already bottomed out when its price fell to around 33K level which in my opinion was bottom. This morning Bitcoin opened the new week with its price above 42K which indicates that we will see organic growth in its price in coming weeks. DYOR

Since the recovery already happen and people's attention are into it right now maybe we can see stable or little much bullish condition at the moment, for sure many think that the bearish phase already ends since many are now accumulating so hopefully we can see brighter figure to see on what will happen next since for now its hard to give a prediction towards what will happen next month.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Congyang on February 01, 2022, 08:17:53 PM

Quote from: Oceat on February 01, 2022, 06:59:19 PM

This is correct and losing is always be a part of trading that's why if you are in this very volatile market you should be ready to risk but you should know how to minimize the risk since you won't like it when losing a lot though that's why minimizing or handling the risk well is a must.

It was expected already that traders want a decent return when in this volatile market but you need skill that can surpass the volatility and risk in this market.

that's why people who have been in crypto for a long time, especially people on this forum, often suggest investing if you are ready to lose and at least use money that will not be used in the near future. because what I feel so far is as you say. The market is very unstable and especially for December and January now and indeed we must accept this and remain calm so that what we do is not wrong when the market is like this.
the market may be hot and prices continue to fluctuate but we must not get carried away and must be level-headed in determining actions

That advice applies to all kind of investments and not only to bitcoin, after all it is easy to think that we are not going to need the money that we invest in it, but life is full of surprises which means that just at the worst possible time when the market is hitting the bottom is when we need the money, this is why it is important have several saving funds so we do not have to touch our investment at the worst possible time, but unfortunately this is an advice very few people follow, and they eventually pay the consequences of those mistakes.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: pushups44 on January 14, 2022, 10:31:57 PM

As the crypto market matures, we are seeing more stability and less volatility with prices, but of course as the industry is still relatively young, it will still be much more volatile than many other markets. I don't see a massive plunge in bitcoin's price without a massive pump beyond the previous all-time high. The good thing about a more level cycle is, although the profits will not be as much, there will be a less pronounced crash during the bear market. On the other hand, I think many shitcoins need to die off.

Well said. Crypto market will get more mature and stable as more and more institutions will invest in it and its marketcap increases to reasonable levels. I think Bitcoin will not see any major fall in coming weeks or months as it has already bottomed out when its price fell to around 33K level which in my opinion was bottom. This morning Bitcoin opened the new week with its price above 42K which indicates that we will see organic growth in its price in coming weeks. DYOR

goldkingcoiner

legendary

Activity: 2240

Merit: 1993

A Bitcoiner chooses. A slave obeys.

If you are going to be a somewhat decent trader then you really need to stop thinking about whether or not your investment becomes a blood bath or when and if we see the bubble pop. These are all things that manipulate your emotions. At some point it all becomes psychologically to heavy and you betray your own trading strategy with a short term moment of emotional weakness.

And you end up in a blood bath...

Best not to spread FUD and emotional traps.

Anonylz

hero member

Activity: 2562

Merit: 577

Am also of the opinion we won't see such a heavy blood bath as we experience back in 2017/18, the space has matured more since then, lots of institutions have ventured into btc now than before, they are a key player in the market and would like to protect their investment. so the whole idea of seeing btc below 20k as some people were speculating is no longer on the table,
The market seems stable, hopefully, we are out of woods, however, we shouldn't forget the market can surprise us at any time.

KaliLinux

hero member

Activity: 1344

Merit: 565

Quote from: Reatim on February 01, 2022, 08:14:59 PM

Lol Bitcoin had again another Bloodbath recently when almost everything in market falls down 2 digits , some are even bloody red with huge dump.

Bitcoin falling 14-16%? this must be a blood bathing mate Well that is for me because after showing very tough 2021 position now it is on this situation?

______________________________________________________________________

But don't worry because recovery continues to happen and even make a high after.

I agree with you on that. I believe that Bitcoin falling from its ATH to where the market started recovering from not which is about $33k is about -52% and I believe that was bloody enough but the season is what matters, we might not see long years of the bear market like we experienced back after the 2017 ATH I guess.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: Natalim on February 02, 2022, 06:24:50 PM

Quote from: Oilacris on February 02, 2022, 06:11:12 PM

Quote from: glendall on February 02, 2022, 05:04:41 PM

I don't think there will be any bloodshed, because this year a -70% to -80% loss is unlikely. But it does seem clear based on how Bitcoin behaves in 2021, with the biggest drop from $63.5k to a little less than $30k. But the loss of around -50% of ATH is still very real and it's huge. I think we have to get used to this as well as in 2017, everyone also has hope for bitcoin to go back up at least to 60k$ this year

Probabilities would really be always there and we shouldnt really be that confident that we wont be seeing those deep percentage drops because it could really happen anytime depending on some

market sentiment and we should be prepared for that but its not bad on being optimistic on the current market situation we do have now which it is true that adoption is indeed on the move

and recognition is there where at least do make the price a little bit sturdier or stronger compared with the past.

The huge correction has been done a while ago when the price of Bitcoin had just reached $33k. Were supposed to think it was a bloodbath already but because we are expecting the 2018 scenario where it reaches almost to the ground, we believe that Bitcoin is still bullish. It may be we have to think that the market seems different from the previous years and we have to stop thinking for $30k, $20k prices as it possibly has no chance for it.

True. Correction is already overdone (nearly 60% from its ATH ) and i am quite sure that we won't see the repeatition of 2018 winter as massive adaption has taken place since then, El-Salvador declared it as Legal tender, yesterday India the 2nd largest country in terms of population with huge number of crypto enthusiasts also presented bill in their parliament to tax crypto which clearly means regularization of crypto.

Natalim

hero member

Activity: 3094

Merit: 606

BTC to the MOON in 2019

Quote from: Oilacris on February 02, 2022, 06:11:12 PM

Quote from: glendall on February 02, 2022, 05:04:41 PM

I don't think there will be any bloodshed, because this year a -70% to -80% loss is unlikely. But it does seem clear based on how Bitcoin behaves in 2021, with the biggest drop from $63.5k to a little less than $30k. But the loss of around -50% of ATH is still very real and it's huge. I think we have to get used to this as well as in 2017, everyone also has hope for bitcoin to go back up at least to 60k$ this year

Probabilities would really be always there and we shouldnt really be that confident that we wont be seeing those deep percentage drops because it could really happen anytime depending on some

market sentiment and we should be prepared for that but its not bad on being optimistic on the current market situation we do have now which it is true that adoption is indeed on the move

and recognition is there where at least do make the price a little bit sturdier or stronger compared with the past.

The huge correction has been done a while ago when the price of Bitcoin had just reached $33k. Were supposed to think it was a bloodbath already but because we are expecting the 2018 scenario where it reaches almost to the ground, we believe that Bitcoin is still bullish. It may be we have to think that the market seems different from the previous years and we have to stop thinking for $30k, $20k prices as it possibly has no chance for it.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: glendall on February 02, 2022, 05:04:41 PM

I don't think there will be any bloodshed, because this year a -70% to -80% loss is unlikely. But it does seem clear based on how Bitcoin behaves in 2021, with the biggest drop from $63.5k to a little less than $30k. But the loss of around -50% of ATH is still very real and it's huge. I think we have to get used to this as well as in 2017, everyone also has hope for bitcoin to go back up at least to 60k$ this year

Probabilities would really be always there and we shouldnt really be that confident that we wont be seeing those deep percentage drops because it could really happen anytime depending on some

market sentiment and we should be prepared for that but its not bad on being optimistic on the current market situation we do have now which it is true that adoption is indeed on the move

and recognition is there where at least do make the price a little bit sturdier or stronger compared with the past.

glendall

legendary

Activity: 2156

Merit: 1018

Buzz App - Spin wheel, farm rewards

I don't think there will be any bloodshed, because this year a -70% to -80% loss is unlikely. But it does seem clear based on how Bitcoin behaves in 2021, with the biggest drop from $63.5k to a little less than $30k. But the loss of around -50% of ATH is still very real and it's huge. I think we have to get used to this as well as in 2017, everyone also has hope for bitcoin to go back up at least to 60k$ this year

Congyang

full member

Activity: 882

Merit: 110

Quote from: kotajikikox on February 01, 2022, 09:11:27 PM

Quote from: Congyang on February 01, 2022, 08:17:53 PM

that's why people who have been in crypto for a long time, especially people on this forum, often suggest investing if you are ready to lose and at least use money that will not be used in the near future. because what I feel so far is as you say. The market is very unstable and especially for December and January now and indeed we must accept this and remain calm so that what we do is not wrong when the market is like this.
the market may be hot and prices continue to fluctuate but we must not get carried away and must be level-headed in determining actions

actually that is not only suggestion inside this forum instead that is universal advise to only invest what you can afford to lose mate,
because investing is the riskiest way to earn (Next to gambling) but of course this is more promising and more reliable than any forms.
but coming back to topic? it is blood bath that i am waiting to invest more for this great creation of all time.

but indeed sometimes many people are so obsessed that they forget things like this so that when their assets decrease indirectly it makes them stressed.
talking about waiting at this point to add to the assets you want to have indicates that indeed you are a person who has been in crypto long enough to expect this for better survival in the future, and this is a very nice thing to do but I still feel it's still pretty good now high because I believe this is a price that has not yet been at its lowest point

noormcs5

hero member

Activity: 2814

Merit: 618

Leading Crypto Sports Betting & Casino Platform

Quote from: Sayeds56 on February 01, 2022, 10:29:46 PM

Quote from: diamond_shine1 on January 14, 2022, 06:58:07 PM

and I think the current decline is enough for bitcoin and hopefully bitcoin will rise again and maybe you can buy bitcoin at this time or wait for the bitcoin market to correct a little more.

True. The correction is overdone and 33K was the bottom in my opinion. Though memories of 2018 are sparking fear that a repeat will play out now but I think We are not likely to see it because a major fundamental change has taken place in 2021 when we witnessed massive support from major institutions. Unlike the winter of three years ago, investment in the crypto-sphere remains robust -- at least for now. In January alone, crypto-exchange FTX announced the launch of a $2 billion venture fund to target Web3 opportunities.

https://www.ndtv.com/business/crypto-winter-or-crypto-ice-age-what-experts-say-after-bitcoin-crash-2728034

Actually the whales usually dump the market after giving hope of going to the moon. I think the bitcoin prices will countiune to rise over 40K and beyond giving people hope that bitcoin has recovered and we are going to all time high. When they feel that all of the people are in fomo, they may dump the bitcoin price all of sudden.
We never know when it will happen. Prices can dump at 42K, 45K or 48K, lets see what develops.

Topic: Bitcoin may not experience blood bath (Read 813 times)