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Topic: Bitcoin may not experience blood bath - page 4. (Read 817 times)

hero member
Activity: 2828
Merit: 518
January 15, 2022, 05:35:18 PM
#27
It will be good news to the crypto user if that is really happening, as we can see another bullish trend. However, the bear trend will always continue behind the bull trend. Many people who hold bitcoin or do not have many bitcoins will try to buy bitcoin before it is too late to accumulate it. But as we do not know what will be the next thing that will happen to the market, we can only prepare. Hopefully, that blood bath will not happen this year and bitcoin have another good time to rise higher.
well, that really sounds good but to say there is no bloodbath happening this year, I guess you will still prepare for it. We can't assure everything that went so smoothly. Remember that the market is volatile, price fluctuations arise quite often, and that for sure blood bath is still possible to strike any time. That is why we were not confident of what see now, it can be just a trick and might be the reason for our losses. It is much better to be aware of the situation and leaves no confidence than rather be prepared.
hero member
Activity: 2604
Merit: 816
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January 15, 2022, 10:07:41 AM
#26
It will be good news to the crypto user if that is really happening, as we can see another bullish trend. However, the bear trend will always continue behind the bull trend. Many people who hold bitcoin or do not have many bitcoins will try to buy bitcoin before it is too late to accumulate it. But as we do not know what will be the next thing that will happen to the market, we can only prepare. Hopefully, that blood bath will not happen this year and bitcoin have another good time to rise higher.
full member
Activity: 728
Merit: 100
https://i.imgur.com/hgxNNiA.png
January 15, 2022, 08:18:01 AM
#25
Bitcoin's decline this year cannot be a bloody growth, because this decline is only influenced by external factors and is not too extreme. maybe the first Q1 of this year the bear market is coming to an end,, need to wait for time a big pump will happen soon.
sr. member
Activity: 2436
Merit: 343
January 15, 2022, 07:46:42 AM
#24
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.

It will eventually rise up, that's why people should start to save up right now or risk losing potential profit because they didn't bought bitcoin at it's lowest. And I agree that there's no blood bath for bitcoin this year because as IMF has said, crypto has grown already and it's not going to repeat the same pattern.
A bloodbath can be happening in the market soon, but not this time. it was a sudden talk by many that we face a huge dip during the Christmas season, but we have seen is just a short correction, not totally a bloodbath curse. But now, we are in the recovery stage, Bitcoin did show an uptrend motion and we believe this will be the beginning of the bullish season. I'm not going to expect the same pattern, but at least the market price turns good for now and I think it improves more in the coming days.
hero member
Activity: 2282
Merit: 659
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January 15, 2022, 06:42:27 AM
#23
In the eyes of IMF, they’re not actually saying that Bitcoin has already matured, but rather “about to mature”.

In my opinion, as more insitutions and government are positive, embracing and adopting Bitcoin, of course I consider it as “early stages towards maturity”. It’s a good thing that you are confident that BTC will not experience another bloodbath like what we have experience last 2018 because of too much negative news, etc.

But yet again, we don’t know what will BTC be tomorrow, a week later, month, year, etc., because it’s unpredictable and subject to market volatility without warning.

sr. member
Activity: 1666
Merit: 426
January 15, 2022, 05:53:39 AM
#22
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.

It will eventually rise up, that's why people should start to save up right now or risk losing potential profit because they didn't bought bitcoin at it's lowest. And I agree that there's no blood bath for bitcoin this year because as IMF has said, crypto has grown already and it's not going to repeat the same pattern.
sr. member
Activity: 2618
Merit: 439
January 14, 2022, 11:12:21 PM
#21
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.
but even how mature the market is? yet remember that volatility is the nature of this market and example what happened in 2020?  even how established and strong the market is showing yet it drops multiple times from the value that time so don't straight up there and expect always the chance of falling , and that is the chance also to accumulate when happens.
try to keep your funds inside but only if you are for long term holding ,  although Blood bath is what we are looking because like me ? we wanted to enter more and more funds inside when the market experience dumping .
hero member
Activity: 2870
Merit: 574
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January 14, 2022, 11:01:13 PM
#20
I am not sure about that but I do not think much about blood bath because I want to collect many bitcoins at a low price so I can sell them at a high price.
If there is a blood bath, that is my big opportunity to buy many bitcoin at a discount price as we saw before in previous years.
But if there is no blood bath happen, then I will have a big opportunity to sell bitcoin at a high price so both will benefit me.
The important is how we can act based on the current situation and we know what we should do to benefit from that so we can use it for ourselves.
sr. member
Activity: 854
Merit: 281
January 14, 2022, 10:31:57 PM
#19
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.
newbie
Activity: 1
Merit: 0
January 14, 2022, 10:27:11 PM
#18
This appears wonderful! I even have constantly been searching ahead for official criminal help for Bitcoins consequently on the stop of the day, this will assist disputes on a whole lot higher degree as well! The authorities constantly have some thing or the opposite towards bitcoins and a criminal entity ought to assist make it very strong.

This is likewise an proof that human beings and organizations are beginning to believe bitcoins extra and extra, if they're offering such help!! I do now no longer assume that it might be a problem even supposing the rate is going down, due to the fact that human beings are demise to shop for it at decrease charges consequently it'd get better up in a be counted of seconds. Smiley Smiley Smiley
full member
Activity: 437
Merit: 103
January 14, 2022, 06:58:07 PM
#17
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.
hero member
Activity: 2660
Merit: 651
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January 14, 2022, 09:17:35 AM
#16
1. the IMF didnt say bitcoin/crypto is mature and grownup.... cointelegraph had, but refering to a IMF report where the IMF was worried still of the volatility and risks of crypto/bitcoin
Thats one thing about some article writers, they spread some misinformation all in the name of achieving their goal


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.
The reason why I am bullish that will may see the same level of market blood bath again is that the major investor in this current market is the institution and some organization. In the last downtrend market, there's a lot of market accumulation happened but this is a crypto market anything can happen and that's why I keep some USDT so I can buy if the bloodbath happens.
hero member
Activity: 1890
Merit: 831
January 13, 2022, 12:41:01 PM
#15
This seems wonderful! I have always been looking forward for legit legal support for Bitcoins therefore at the end of the day, this could help disputes on much better level as well! The government always have something or the other against bitcoins and a legal entity could help make it very strong.

This is also an evidence that people and companies are starting to trust bitcoins more and more, if they are providing such support!! I do not think that it would be a probelm even if the price goes down, since people are dying to buy it at lower prices therefore it would bounce back up in a matter of seconds.

Just keep holding your coins~
sr. member
Activity: 1680
Merit: 259
January 13, 2022, 11:59:17 AM
#14
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
legendary
Activity: 3248
Merit: 1402
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January 13, 2022, 10:56:36 AM
#13
I do agree that it's unlikely that the market will return to -70% to -80% losses (at least, when we consider Bitcoin). But that just seems evident based on how Bitcoin behaved in 2020 and 2021, with the biggest drop being from $63.5k to a little less than $30k. But a loss around -50% from the ATH is still very real and it's a big one. I think we should get used to it, and what's also different lately is that Bitcoin doesn't tend to stand down for as long as it did before.
As for the IMF, it seems that franky1 was right because I also didn't see the phrase the article is referring to in the report or a short summary of it.
Bitcoin is becoming stronger and more trusted, and I don't think that it'll fall as low or remain low for as long as it used to anymore, but I'm not sure that Jack's support or whatever IMF is up to will make a big difference.
legendary
Activity: 3234
Merit: 5637
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January 13, 2022, 09:57:10 AM
#12
A lot of good things are happening lately within the Bitcoin ecosystem which belief would give Bitcoin the potential to not experience huge market correction just like we see in the year 2017 and in previous years of cryptocurrency market blood bath.

Let's call it by any name, but from $70 000 as ATH to a bottom of as much as $28 000 is more than bloody for most investors - unless we're all used to Bitcoin losing or gaining 50% more or less in one year. Of course, it can always be worse, it's just not realistic to expect a replay of what happened in 2018.

What did IMF and Jack do that I believe help the market?

Jack Mallers is constantly doing something when it comes to his Strike app, and it certainly has some positive impact on Bitcoin, but the IMF is something quite the opposite of what Bitcoin represents, so you shouldn't expect people who worship fiat as a deity to ever be on Bitcoin side.

As far as I can see Jack Dorsey (ex. Twitter CEO) has posted nothing bullish except a retweet from Jack Mallers (Strike) regarding his app which has officially become available in Argentina.
hero member
Activity: 1722
Merit: 801
January 13, 2022, 09:42:52 AM
#11
I don't care about blood bath because bull or bear, blood or green, it does not mean that an investor can get profit from the market. If they are losers, they will mostly get loses from the market, in any phase bull or bear.

In blood baths, there will be winners who have good patience and bind with their plans very disciplined to catch dips, take advantage of blood baths and get richer. They see great opportunities in blood baths.

In opposite ways and perspective, losers will only see risk, have negative perspective and get loses in whatever market.

The point is do your plan well and take advantage of psychology of market to get richer. If you fail, you are loser. Also investment in long run with Bitcoin is better than trading if you are not a professional trader. Do long term investment and it is not too difficult.
jr. member
Activity: 66
Merit: 2
January 13, 2022, 07:57:43 AM
#10
https://www.fool.com/investing/stock-market/market-sectors/financials/cryptocurrency-stocks/future-of-cryptocurrency/

Though bitcoin has become a teen it still need to mature up.. the teenage prodigy will sure and soon going to be a mature one.
full member
Activity: 854
Merit: 130
January 13, 2022, 03:46:58 AM
#9
Bitcoin to me need no more development for it to become a mainstream currency as a decentralized digital currency Bitcoin has nothing to do with any individual or organizations, am not sure about the International Monetary Fund (IMF) statement but I read the tweet 🐦 yesterday, and am very sure it has nothing to do with the current market recovery.
Bitcoin can not follow any previous year's pattern but will remain quite stable around the 40k to 50 regions for the next couple of weeks till the activities on the international market resume fully we may be seeing more price increases all through this month.
hero member
Activity: 3080
Merit: 603
January 13, 2022, 03:15:41 AM
#8
1. I think it's been years since I've seen the IMF kept on telling good things about bitcoin. But I also a point of time that they've said something bad about it and not liking it.
2. It is maturing but not mature enough. I guess if we get to have a stable high price of bitcoin soon, it might be said that it has fully matured but  I guess we're not coming up to that point.
3. Yes, very usual to see it happen.
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