Bitcoin on sale, will the support continues to hold? - page 3.

crzy

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Quote from: Sirait on December 06, 2021, 02:18:00 PM

Quote from: Questat on December 03, 2021, 03:30:35 PM

I guess we are starting to see some people who are panicking with the possibility of bitcoin going down below $50k.

What are your thoughts, will bitcoin support enough to avoid a dump, and if this price will dump, how low it will go?
Since we are done talking with the possible new ATH, then maybe we should not overlook what is happening now.

welcoming the new year the selling action really increased to cause a sizeable market correction but if we look at the history of bitcoin prices, every end of the year is a big moment, It's not yet confirmed whether we will see a new ATH again in the near future, but for the btc holders, it's better to just keep holding it.

Keep holding while buying as well because the price is a lot more cheaper and we all know Bitcoin is capable of reaching another peak and it can happen after this correction, there might be no assurance but its possible. Its ok to panic because its normal especially those newbies in the market, just keep focus to avoid any unnecessary decision that you might regret later on.

snipie

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Quote from: michellee on December 05, 2021, 09:42:27 AM

We will see $50k soon because after BTC got down yesterday, it seems the price is going strong again and trying to increase step by step. Although it is not easy to lift and reach back to $50k, I am sure BTC can do that and grow at the right time. But BTC needs time before the price can go back to $50k while more support will come to back up bitcoin, which can help bitcoin to lift the price. If the price can increase and back to $50k, maybe we will have a big chance to see the price will continue to grow.

Below $50k is an opportunity to buy cheap bitcoin before riding the train back to $55-60k as a first step then to +$60k and why not another ATH.
The actual price isn't profitable for anyone so I don't think it will hold much there. December is used to be the month of ATH, by mid December we will see a surge in the price imo Wink

Sirait

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Quote from: Questat on December 03, 2021, 03:30:35 PM

I guess we are starting to see some people who are panicking with the possibility of bitcoin going down below $50k.

What are your thoughts, will bitcoin support enough to avoid a dump, and if this price will dump, how low it will go?
Since we are done talking with the possible new ATH, then maybe we should not overlook what is happening now.

welcoming the new year the selling action really increased to cause a sizeable market correction but if we look at the history of bitcoin prices, every end of the year is a big moment, It's not yet confirmed whether we will see a new ATH again in the near future, but for the btc holders, it's better to just keep holding it.

Oceat

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Quote from: Vaculin on December 06, 2021, 03:21:39 AM

Bitcoin at the moment is already below $50k with its current price at $48,517 so it has broke already the $50k support level, and then what's next? $40k? The year is about to end, but it seems bitcoin price will continue to drop more.

Just chill dude, December is just starting you don't have to get panic. The way I see it is just a normal movement just like in the previous months and I like how the price moves since it's not really a straight dump but a dump with some small high. If this continues, Bitcoin would hold its price longer than what we expected and the bear run isn't near yet.

Quote from: Vaculin on December 06, 2021, 03:21:39 AM

Yes, this might be a good opportunity to start buying bitcoin, but might be devastating for those who are hodling bitcoin for long term and wish to see huge profits this december. Hopefully, good news will come into the market that will create positive impact into bitcoin price, and i think all good things will certainly follow. The market may looks bearish but definitely, not a perfect time to start panic selling.

Exactly, buying the dip is the right choice considering how the price multiply if you compare it to the previous bull run. If you own at least half or 1 BTC that's a lot of profit if you hodl until the next bull run cycle. So, don't ride with the FUD let them sell theirs and you buy more during the dip.

wxa7115

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Quote from: TravelMug on December 03, 2021, 09:26:39 PM

Quote from: wheelz1200 on December 03, 2021, 08:46:01 PM

This is a dangerous area now into the $52k's. And nothing else in the market is holding. Longs gonna start getting crushed unless the support comes in. We could be in for an early 2018 type dumpy if this don't stop and rebound. Either way keep stacking sats and enjoy the ride. 😉

Yeah, I think the dump will continue to $50k'ish before we can see some support, otherwise it will be $48k again in the next coming days.

Either way, if you are here for the long haul then better be stacking sats as our strategy.

So we will see, this is December, a month wherein we remain very bullish, but maybe this time it will be very different because of the latest covid situation globally. And no more 6 digit prediction at the end of the month, Lol, don't expect that so we will not be disappointed.

Since the volatility in this market is so high the support levels have the tendency to be broken creating panic in the markets only to recover a few days later.

I think this is what happened since bitcoin went down its support level in a significant fashion but now it is trading close to the 50k level, anyway I would not worry too much about what is happening and instead I will concentrate on buying all the bitcoin I could under 50k, since I think there is a real possibility that we are never going to see that price again after bitcoin goes above it during the next days or weeks.

Yaunfitda

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Quote from: adaseb on December 05, 2021, 09:50:01 PM

The stock market futures just opened and it’s almost up 1%. And crude oil futures are up 2.5% and most important there wasn’t much Omicron news over the weekend. Seems that people are starting to move on.

So there is a good chance the stock market will start to rally again after this sharp sell off and cryptos will take off afterwards. There is still the issue of tapering and fed rates however that will be a larger issue towards the end of Spring.

Yeah, hopefully this will be the case, but I see a decline from $49k to $47k is just short amount of time, luckily it bounce back to $48k again. We've been trying to break that $50k barrier but to no avail.

I think the Omicron news has just started to settle down a bit this week. And hopefully when everything clears, the price could bounce back to at least $50k. The Fed news might still affect the majority of the investors though, but we will see how it goes.

Wawa2013

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Quote from: Vaculin on December 06, 2021, 03:21:39 AM

Quote from: michellee on December 05, 2021, 09:36:01 PM

Quote from: Oceat on December 05, 2021, 01:41:52 PM

Quote from: michellee on December 05, 2021, 09:42:27 AM

~

It's the people who actually makes the price move and not Bitcoin itself though I get your point but I just want to clear things up. Anyway, back to the topic, it seems that Bitcoin price is testing the support level if more weak-hands will going to dump this time so that whales could easily buy them at a low price. I hope weak-hands realize that 'cause if not then they're fuck up once Bitcoin starts to break slowly from $50k - $55k - $60k - $70k and so on though the hardest resistance ever Bitcoin want to break is the $70k and I think I've seen this kind of movement when Bitcoin was at $10k and is trying to break the $15k resistance but couldn't until some months pass by it finally break it straight to $20k and before we even realize it was a bull run already.

Hopefully, the support level can hold the price not to go down for more. Otherwise, we will see another moment for the bitcoin market falls once more time. Those weak hands really need to calm down for a moment by not selling their bitcoin with panic because the whales already target their bitcoin to buy. The hardest thing for bitcoin to break is in the price of $50k. Every time bitcoin wants to go to that price, it goes down but after a while, the price is back to the current price. Maybe this moment is crucial for bitcoin because this is like a new starting point for bitcoin to go to the higher level of the price. Hopefully, this month and next year can be a good start to rise again.

Bitcoin at the moment is already below $50k with its current price at $48,517 so it has broke already the $50k support level, and then what's next? $40k? The year is about to end, but it seems bitcoin price will continue to drop more. Yes, this might be a good opportunity to start buying bitcoin, but might be devastating for those who are hodling bitcoin for long term and wish to see huge profits this december. Hopefully, good news will come into the market that will create positive impact into bitcoin price, and i think all good things will certainly follow. The market may looks bearish but definitely, not a perfect time to start panic selling.

For people who have faith in Bitcoin, maybe they can see the decline in the price of Bitcoin from the positive side, where the decline in the price of
Bitcoin becomes an opportunity to buy Bitcoin at a low price. I know now is not the time to panic and sell our Bitcoin, but now is the time to be
patient and have faith in Bitcoin. While there's no guarantee that Bitcoin won't go down any further, we have to make sure the Bitcoin support
price is strong enough to keep Bitcoin from falling below $40k. Because if Bitcoin drops below $40k, then quite a lot of investors will panic and there
will be a very deep drop to a much lower price. I also really hope that in the near future there will be good news that will come, so it will trigger
prices to rise again. At least I really hope by the end of this year Bitcoin can return to above $60k price, so early 2022 Bitcoin price will be much
more bullish.

Vaculin

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Winding down.

Quote from: michellee on December 05, 2021, 09:36:01 PM

Quote from: Oceat on December 05, 2021, 01:41:52 PM

Quote from: michellee on December 05, 2021, 09:42:27 AM

We will see $50k soon because after BTC got down yesterday, it seems the price is going strong again and trying to increase step by step. Although it is not easy to lift and reach back to $50k, I am sure BTC can do that and grow at the right time. But BTC needs time before the price can go back to $50k while more support will come to back up bitcoin, which can help bitcoin to lift the price. If the price can increase and back to $50k, maybe we will have a big chance to see the price will continue to grow.

It's the people who actually makes the price move and not Bitcoin itself though I get your point but I just want to clear things up. Anyway, back to the topic, it seems that Bitcoin price is testing the support level if more weak-hands will going to dump this time so that whales could easily buy them at a low price. I hope weak-hands realize that 'cause if not then they're fuck up once Bitcoin starts to break slowly from $50k - $55k - $60k - $70k and so on though the hardest resistance ever Bitcoin want to break is the $70k and I think I've seen this kind of movement when Bitcoin was at $10k and is trying to break the $15k resistance but couldn't until some months pass by it finally break it straight to $20k and before we even realize it was a bull run already.

Hopefully, the support level can hold the price not to go down for more. Otherwise, we will see another moment for the bitcoin market falls once more time. Those weak hands really need to calm down for a moment by not selling their bitcoin with panic because the whales already target their bitcoin to buy. The hardest thing for bitcoin to break is in the price of $50k. Every time bitcoin wants to go to that price, it goes down but after a while, the price is back to the current price. Maybe this moment is crucial for bitcoin because this is like a new starting point for bitcoin to go to the higher level of the price. Hopefully, this month and next year can be a good start to rise again.

Bitcoin at the moment is already below $50k with its current price at $48,517 so it has broke already the $50k support level, and then what's next? $40k? The year is about to end, but it seems bitcoin price will continue to drop more. Yes, this might be a good opportunity to start buying bitcoin, but might be devastating for those who are hodling bitcoin for long term and wish to see huge profits this december. Hopefully, good news will come into the market that will create positive impact into bitcoin price, and i think all good things will certainly follow. The market may looks bearish but definitely, not a perfect time to start panic selling.

adaseb

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The stock market futures just opened and it’s almost up 1%. And crude oil futures are up 2.5% and most important there wasn’t much Omicron news over the weekend. Seems that people are starting to move on.

So there is a good chance the stock market will start to rally again after this sharp sell off and cryptos will take off afterwards. There is still the issue of tapering and fed rates however that will be a larger issue towards the end of Spring.

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Quote from: Oceat on December 05, 2021, 01:41:52 PM

Quote from: michellee on December 05, 2021, 09:42:27 AM

We will see $50k soon because after BTC got down yesterday, it seems the price is going strong again and trying to increase step by step. Although it is not easy to lift and reach back to $50k, I am sure BTC can do that and grow at the right time. But BTC needs time before the price can go back to $50k while more support will come to back up bitcoin, which can help bitcoin to lift the price. If the price can increase and back to $50k, maybe we will have a big chance to see the price will continue to grow.

It's the people who actually makes the price move and not Bitcoin itself though I get your point but I just want to clear things up. Anyway, back to the topic, it seems that Bitcoin price is testing the support level if more weak-hands will going to dump this time so that whales could easily buy them at a low price. I hope weak-hands realize that 'cause if not then they're fuck up once Bitcoin starts to break slowly from $50k - $55k - $60k - $70k and so on though the hardest resistance ever Bitcoin want to break is the $70k and I think I've seen this kind of movement when Bitcoin was at $10k and is trying to break the $15k resistance but couldn't until some months pass by it finally break it straight to $20k and before we even realize it was a bull run already.

Hopefully, the support level can hold the price not to go down for more. Otherwise, we will see another moment for the bitcoin market falls once more time. Those weak hands really need to calm down for a moment by not selling their bitcoin with panic because the whales already target their bitcoin to buy. The hardest thing for bitcoin to break is in the price of $50k. Every time bitcoin wants to go to that price, it goes down but after a while, the price is back to the current price. Maybe this moment is crucial for bitcoin because this is like a new starting point for bitcoin to go to the higher level of the price. Hopefully, this month and next year can be a good start to rise again.

Oceat

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Quote from: michellee on December 05, 2021, 09:42:27 AM

We will see $50k soon because after BTC got down yesterday, it seems the price is going strong again and trying to increase step by step. Although it is not easy to lift and reach back to $50k, I am sure BTC can do that and grow at the right time. But BTC needs time before the price can go back to $50k while more support will come to back up bitcoin, which can help bitcoin to lift the price. If the price can increase and back to $50k, maybe we will have a big chance to see the price will continue to grow.

It's the people who actually makes the price move and not Bitcoin itself though I get your point but I just want to clear things up. Anyway, back to the topic, it seems that Bitcoin price is testing the support level if more weak-hands will going to dump this time so that whales could easily buy them at a low price. I hope weak-hands realize that 'cause if not then they're fuck up once Bitcoin starts to break slowly from $50k - $55k - $60k - $70k and so on though the hardest resistance ever Bitcoin want to break is the $70k and I think I've seen this kind of movement when Bitcoin was at $10k and is trying to break the $15k resistance but couldn't until some months pass by it finally break it straight to $20k and before we even realize it was a bull run already.

justdimin

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Quote from: davis196 on December 05, 2021, 06:46:48 AM

There's nothing 'dangerous' about this price drop.It is what it is.The price is dropping now,but it will go up.
It seems like the world is still panicking about this new COVID variant,which is weird,because the new COVID variant doesn't seem to be more dangerous than the previous COVID mutations.
There are also some political tensions between USA and Russia about Ukraine,but I don't know what their influence over the cryptocurrency markets will be.
Bitcoin had proven to be pumping in times of uncertainty and crisis.
Just stop caring about the Bitcoin price for a while and enjoy the upcoming holidays.

People do get worried about the price changes all the time. There is nothing we could do to make this work in any other different way, bitcoin will go up and bitcoin will go down and there will be days when we go up insanely high and there will be days when we go down insanely low. People are shocked about 10-20% falls because 50-60% is usually the max we reach, sure we had nearly 90% once upon a time but that was once upon a time and did not stay that way too long. Which is why I believe that we should not be focusing on these type of falls as the death of bitcoin but people invest so much of their money into it that they can't just stop and feel mortified about this fall.

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We will see $50k soon because after BTC got down yesterday, it seems the price is going strong again and trying to increase step by step. Although it is not easy to lift and reach back to $50k, I am sure BTC can do that and grow at the right time. But BTC needs time before the price can go back to $50k while more support will come to back up bitcoin, which can help bitcoin to lift the price. If the price can increase and back to $50k, maybe we will have a big chance to see the price will continue to grow.

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Quote from: bbc.reporter on December 05, 2021, 03:25:05 AM

There are no more weak hands. All of them have no more money hehehehe.

Trust me, if I can still know a few people worried, and considering to sell now, already, then there's plenty more not known to me. I saw this before in 2017, even at the end of 2016. A few years later, some are silently returning, or did so this year, of course re-entering at a price way above the one they liquidated at in 2016-17!

It's not an insult of mockery from me, either. Just the way it is.

molsewid

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Quote from: davis196 on December 05, 2021, 06:46:48 AM

There's nothing 'dangerous' about this price drop.It is what it is.The price is dropping now,but it will go up.
It seems like the world is still panicking about this new COVID variant,which is weird,because the new COVID variant doesn't seem to be more dangerous than the previous COVID mutations.
There are also some political tensions between USA and Russia about Ukraine,but I don't know what their influence over the cryptocurrency markets will be.
Bitcoin had proven to be pumping in times of uncertainty and crisis.
Just stop caring about the Bitcoin price for a while and enjoy the upcoming holidays.

I believe that there are no reason that we should be afraid of the recent price drop of bitcoin because if you are already been part of crypto community for about a year or long time then you would already used about the price correction. If you are a risk taker investor or trader this would be a great time for you to refill or fill your bag especially top crypto like bitcoin and ethereum because this are proven worth it to hold for a long term investment.

Yamifoud

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Quote from: Ararbermas on December 05, 2021, 05:13:58 AM

For me probably the support isn't strong enough to hold the current level in my views wherein wherein base as well on its structure that seems some holders is gradually dumping for good, actually there's alot of news last couple of days about some big investors that keep buying at the dip including El Salvador, but looks like not enough to keep the current level from the bearish season and for sure every holders have doubts on this situation.

And I've found this as a normal thing to happen and have to accept that bearish had come after enjoying the long bullish season. Despite those adoptions and growing demand, there is still time that the market will be going to drop. It is either a bear trap setup or market reset.

https://investorplace.com/2021/09/btc-eth-ada-xrp-why-is-the-crypto-market-down-today/

A lot of factors affect the price but I think, HOLD is meant to do so. Well, I just hope that people won't rush selling their coins at cheaper prices but instead wait for a while.

davis196

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Quote from: wheelz1200 on December 03, 2021, 08:46:01 PM

This is a dangerous area now into the $52k's. And nothing else in the market is holding. Longs gonna start getting crushed unless the support comes in. We could be in for an early 2018 type dumpy if this don't stop and rebound. Either way keep stacking sats and enjoy the ride. 😉

There's nothing 'dangerous' about this price drop.It is what it is.The price is dropping now,but it will go up.
It seems like the world is still panicking about this new COVID variant,which is weird,because the new COVID variant doesn't seem to be more dangerous than the previous COVID mutations.
There are also some political tensions between USA and Russia about Ukraine,but I don't know what their influence over the cryptocurrency markets will be.
Bitcoin had proven to be pumping in times of uncertainty and crisis.
Just stop caring about the Bitcoin price for a while and enjoy the upcoming holidays.

Ararbermas

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For me probably the support isn't strong enough to hold the current level in my views wherein wherein base as well on its structure that seems some holders is gradually dumping for good, actually there's alot of news last couple of days about some big investors that keep buying at the dip including El Salvador, but looks like not enough to keep the current level from the bearish season and for sure every holders have doubts on this situation.

GreatArkansas

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Quote from: bbc.reporter on December 05, 2021, 03:25:05 AM

Quote from: Oshosondy on December 04, 2021, 02:44:45 AM

Quote from: bbc.reporter on December 04, 2021, 02:08:50 AM

Agreed. However, sometimes bitcoin is very much manipulated by the whales. They short in the futures market first before they dump the spot market. We have witnessed sustained selling for weeks before this big dump we are witnessing right now. If anyone is not shaking their heads in suspicion on this then they might need to go to a doctor to check their brain.

I am just getting this scenario for the first time. Now that many exchanges are making it also possible to use bitcoin directly to trade USDT M futures, also that Coin M make use of coin directly, like bitcoin as the coin example. The whales can likely just use bitcoin for the trading and short it but later also sell the bitcoin which will result to further price fall. People just need to be careful, a lot of trader's fund had liquidated when bitcoin plunged from $57000 to $40600. The market is mature but there is still manipulations.

Also after manipulating everyone and dumping, they begin buying all the lower priced coins then begin pumping the market again and create fomo hehe. I am shaking my head why there are some people who still think that the dump was caused by weak hands. There are no more weak hands. All of them have no more money hehehehe.

We can't totally blame the whales here, if that's how they make money, so be it. But overall I don't find that 100% this is the reason for some dumps on the market. We already reached a $1 trillion crypto market cap, volume is growing and I believe manipulate is slowly difficult as the volume continue to go up.

Another thing here is the traders who are using leverage too much or don't really know how to use leverage. Because these leverage trades could be a trigger also on short/long squeeze and massive percentage of dump or a pump.

bbc.reporter

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Quote from: Oshosondy on December 04, 2021, 02:44:45 AM

Quote from: bbc.reporter on December 04, 2021, 02:08:50 AM

Agreed. However, sometimes bitcoin is very much manipulated by the whales. They short in the futures market first before they dump the spot market. We have witnessed sustained selling for weeks before this big dump we are witnessing right now. If anyone is not shaking their heads in suspicion on this then they might need to go to a doctor to check their brain.

I am just getting this scenario for the first time. Now that many exchanges are making it also possible to use bitcoin directly to trade USDT M futures, also that Coin M make use of coin directly, like bitcoin as the coin example. The whales can likely just use bitcoin for the trading and short it but later also sell the bitcoin which will result to further price fall. People just need to be careful, a lot of trader's fund had liquidated when bitcoin plunged from $57000 to $40600. The market is mature but there is still manipulations.

Also after manipulating everyone and dumping, they begin buying all the lower priced coins then begin pumping the market again and create fomo hehe. I am shaking my head why there are some people who still think that the dump was caused by weak hands. There are no more weak hands. All of them have no more money hehehehe.

Topic: Bitcoin on sale, will the support continues to hold? - page 3. (Read 455 times)