Bitcoin Percentage Down from ATH | Bitcointalksearch.org

hugeblack

legendary

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I thought that the recent rise might lead us to levels above 28K, but if the price could not rise, the decline is expected.
Relying on the repetition of historical data will not help us in anything because this cycle is completely different and may be the beginning of new cycles that differ in content from the previous ones.

Quote from: adaseb on July 07, 2022, 10:29:26 PM

Right now most of the market is paying attention to the upcoming CPI and the fed rate decisions coming up.

I don't think the interest rate will affect the price, remember when the covid-19 pandemic was announced all the markets were affected severely, but soon after that the impact of the markets was only a day or two.
What will affect is how to deal with the recession during the next month, if confirmed.

adaseb

legendary

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Keep in mind that many people said that Bitcoin will never retest its previous cycles ATH and they also said that the 200 WMA is solid support. Basically both of these were false.

So you can say that it doesn’t need to fall another 10% for the previous cycle loss ATH to hold. It can bottom earlier or later than that.

Right now most of the market is paying attention to the upcoming CPI and the fed rate decisions coming up.

fzkto

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Cashback 15%

Today I counted the approximate fall in 2018 and the current one. In 2018 bitcoin fell from 19k to 6k, which was about 3x. This time bitcoin fell from 69k to 20k, which is about the same as the 2018 drop. But at the end of 2018 bitcoin still fell in half to 3k. If a similar scenario awaits us, we could see 10k at the end of the year.

tbterryboy

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Quote from: Apocollapse on July 06, 2022, 09:58:31 AM

What everyone to know is even Bitcoin face a crash every 4 years until now, but the price keep increased!

2013-14: ~$100
2017-18: ~$3,000
2021-22: ~$20,000

We should look on different perspective and if we look on this, we all can say Bitcoin price always increase no bad the crash is. Does 2021-22 the price will go down till 82%? we don't know, but I trust Bitcoin and keep buy every dip if I can.

Most of us already feel this, that is why they don't complain anymore but instead they continue buying and hodling but for those who started to doubt bitcoin just because its price keeps on dumping, well they need to study its history again because maybe they missed something by the time they started their journey here.

When people have a different perspective or approach, they will see the dumping of the price as an advantage to buy more. An 82% down is I think still possible as that didn't crossed the previous 4yr down yet which is 84%. That must be the lowest that we can get or what we call the real bottom in the event it truly occurs.

pooya87

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Quote from: ImThour on July 04, 2022, 09:07:53 AM

Bitcoin Percentage Down from ATH -
2013-14: 86% down
2017-18: 84% down
2021-22: 74% down

This is a wrong comparison, not just because the market situation is different but because as I said many times before there was a rise before each of these drops that was massive. For example in both of the first two cases there was tens of thousands of percentage of rise before the big crash happened but in the third case there was a tiny rise in comparison to the other two cases.
In other words you can not compare this crash with previous ones because it is completely different with completely different reasons (bubble burst vs. economy burst!).

Quote

Why do you think BTC bottom is in despite the market being at risk of recession & high inflation around the world? Think wisely.

I don't think that, I think it is impossible to predict the market these days because it is not just high inflation that is being faced, it is economy falling apart. During inflation people buy more bitcoin but when economy is falling apart (industries are shutting down, food prices soar, gas price is rising and there is a risk of having no electricity or heat soon) people are forced to sell their bitcoins.

So the real question is how many more bitcoiners (I'd say mostly in US and EU) are left who have to choose between filling their belly or paying their bills and holding bitcoin. After they've all sold, we start seeing price going back up again.

carlfebz2

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Quote from: justdimin on July 06, 2022, 04:40:46 PM

Quote from: dragonvslinux on July 06, 2022, 11:19:10 AM

I think in all honesty, it's too early to tell. Because it's also never possible to tell if a bottom has occurred unless there is some form of confirmation (hindsight is a beautiful thing). In the context of current price movements, I think if $19K support fails then price can go significantly lower. Likewise if price can reclaim $23K, then the possibility of $17.5K being the bottom significantly increases, even with the bear market continuing.

My only issue with comparing previous draw-downs with the current, is that previous 80% corrections occured after a parabolic blow off top, something this cycle lacked. Despite macro economic factors being very relevant to suppressing Bitcoin's price, the reality is it's only relevant until it's not. There is only correlation with stock market until it breaks. I wouldn't rely on this factor alone for further downside.

That is true, knowing when the bottom happened is not something we could ever know until it is too late, because if we did know it, we would simply just sell all of our possessions and buy it from the bottom. You would literally take out the biggest loan you possibly could, and get bitcoin with it.

I believe that getting somewhere close to the bottom is enough, and when the price declines to go any further down, it looks like maybe that's the bottom? Exact bottom is unknown, but thereabouts is something you could find. Like if it is 17.6k, then maybe it is fine to get it at 18-19k range right? That's what you can find and that is not too bad neither if you ask me.

This is where we do really make out some presumptions basing on the history or into those chart patterns which we know that it couldnt really be precise.Going all in just because you do see that its near on the

bottom is just suicide because nothing could give out assurance that there would be some sort of cycle or assured bottom basing with those chart history but well its not really that bad to have those kind of
analysis because its better to have those considerations rather than making out some complete guess and speculation without having any basis or analysis.

We've seen on how many times bitcoins price do really goes into the floor and only to those believers would really take some risk on getting themselves in.

justdimin

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Quote from: dragonvslinux on July 06, 2022, 11:19:10 AM

I think in all honesty, it's too early to tell. Because it's also never possible to tell if a bottom has occurred unless there is some form of confirmation (hindsight is a beautiful thing). In the context of current price movements, I think if $19K support fails then price can go significantly lower. Likewise if price can reclaim $23K, then the possibility of $17.5K being the bottom significantly increases, even with the bear market continuing.

My only issue with comparing previous draw-downs with the current, is that previous 80% corrections occured after a parabolic blow off top, something this cycle lacked. Despite macro economic factors being very relevant to suppressing Bitcoin's price, the reality is it's only relevant until it's not. There is only correlation with stock market until it breaks. I wouldn't rely on this factor alone for further downside.

That is true, knowing when the bottom happened is not something we could ever know until it is too late, because if we did know it, we would simply just sell all of our possessions and buy it from the bottom. You would literally take out the biggest loan you possibly could, and get bitcoin with it.

I believe that getting somewhere close to the bottom is enough, and when the price declines to go any further down, it looks like maybe that's the bottom? Exact bottom is unknown, but thereabouts is something you could find. Like if it is 17.6k, then maybe it is fine to get it at 18-19k range right? That's what you can find and that is not too bad neither if you ask me.

sgbett

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Quote from: proudhon on July 06, 2022, 10:30:30 AM

Quote from: Apocollapse on July 06, 2022, 09:58:31 AM

What everyone to know is even Bitcoin face a crash every 4 years until now, but the price keep increased!

2013-14: ~$100
2017-18: ~$3,000
2021-22: ~$20,000

We should look on different perspective and if we look on this, we all can say Bitcoin price always increase no bad the crash is. Does 2021-22 the price will go down till 82%? we don't know, but I trust Bitcoin and keep buy every dip if I can.

My models have helped me see into the future.

2013-14: ~$100
2017-18: ~$3,000
2021-22: ~$20,000
2025-26: ~$3,000
2029-30: ~100

You can be sure this is confirmed due to the lack of dollar sign on the 2029-20 price. The value of BTC will in fact just be 100. The number 100. If you send me 1 BTC I will write the number 100 for you on a piece of paper and I will personally confirm it to you in person that it is in fact 100. So you can be sure.

jossiel

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Quote from: Apocollapse on July 06, 2022, 09:58:31 AM

What everyone to know is even Bitcoin face a crash every 4 years until now, but the price keep increased!

That's the whole point.

Percentage of bitcoin being low is getting lower and the all time low is getting higher in terms of pricing as the years passes by. Looking for the past bear markets, each price for the all time low are increasing.

And this is something positive that the others don't want to look at or they miss checking out. Just as what the person said when I've read something the same about years of all time lows, it's really encouraging to have and check the stats about it.

dragonvslinux

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Quote from: ImThour on July 04, 2022, 09:07:53 AM

Why do you think BTC bottom is in despite the market being at risk of recession & high inflation around the world? Think wisely.

I think in all honesty, it's too early to tell. Because it's also never possible to tell if a bottom has occurred unless there is some form of confirmation (hindsight is a beautiful thing). In the context of current price movements, I think if $19K support fails then price can go significantly lower. Likewise if price can reclaim $23K, then the possibility of $17.5K being the bottom significantly increases, even with the bear market continuing.

My only issue with comparing previous draw-downs with the current, is that previous 80% corrections occured after a parabolic blow off top, something this cycle lacked. Despite macro economic factors being very relevant to suppressing Bitcoin's price, the reality is it's only relevant until it's not. There is only correlation with stock market until it breaks. I wouldn't rely on this factor alone for further downside.

proudhon

legendary

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Merit: 1311

Quote from: Apocollapse on July 06, 2022, 09:58:31 AM

What everyone to know is even Bitcoin face a crash every 4 years until now, but the price keep increased!

2013-14: ~$100
2017-18: ~$3,000
2021-22: ~$20,000

We should look on different perspective and if we look on this, we all can say Bitcoin price always increase no bad the crash is. Does 2021-22 the price will go down till 82%? we don't know, but I trust Bitcoin and keep buy every dip if I can.

My models have helped me see into the future.

2013-14: ~$100
2017-18: ~$3,000
2021-22: ~$20,000
2025-26: ~$3,000
2029-30: ~100

Apocollapse

hero member

Activity: 1148

Merit: 796

What everyone to know is even Bitcoin face a crash every 4 years until now, but the price keep increased!

2013-14: ~$100
2017-18: ~$3,000
2021-22: ~$20,000

We should look on different perspective and if we look on this, we all can say Bitcoin price always increase no bad the crash is. Does 2021-22 the price will go down till 82%? we don't know, but I trust Bitcoin and keep buy every dip if I can.

Husires

legendary

Activity: 1596

Merit: 1288

If we say that the bottom did not happen, does this negate that in the short term we may try to recover to 28k before 2023, or is it impossible to witness rises in the short term?

Quote from: UnDerDoG81 on July 06, 2022, 07:10:54 AM

Why dont you post the tops in percentage? We had no massive bullrun and no parabolic top. Why should it repeat old bearish patterns if it did not repeat bullish ones?

I think you misunderstood the post, he is trying to determine the bottom and therefore the best entry price, I think @ImThour believes that the price will be more than 5 zeros in the next ten years.

UnDerDoG81

legendary

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Why dont you post the tops in percentage? We had no massive bullrun and no parabolic top. Why should it repeat old bearish patterns if it did not repeat bullish ones?

Kemarit

legendary

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Merit: 1353

I don't think that we have reach the bottom yet, it's too early, we have another 6 months for this year and then we will have 2023 which I think will be another bear market.

So yeah, think wisely, maybe this is the perfect time and opportunity to invest on Bitcoin. Just a simple formula, DCA and buy as much as you can. HODL, then wait for the next bull run cycle. So I think that's what smart investors should do.

mk4

legendary

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Paldo.io 🤖

If we were in the same economic state as 2016-2017 then I'd say there's a good chance that we might be close to the bottom. But since the economy is very different and very uncertain, I'd say no. Trends and patterns tend to break after some time, and this might be that time.

suzanne5223

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Quote from: Yawa2020 on July 04, 2022, 09:12:40 AM

I think BTC and Stocks Market will See more Dip this Week.
The Recession that's coming will definitely affect the Market. The DIP now is Not Adviced.

I don't know much about stock market trends but for Bitcoin, if it experiences a new bottom price is definitely not because of inflation and I believe it is because the market is already in a bearish market, the mining difficulty and problem which already affecting the market as we speak.

Quote from: Yawa2020 on July 04, 2022, 09:12:40 AM

Just Keep Maintaining DCA and Flipping Altcoins.

DCA is the best way to invest in every market season but if the market follows the previous 4year cycles after this bear altcoin season will happen so altcoin investment is still a good decision.

Quote from: Yawa2020 on July 04, 2022, 09:12:40 AM

Then DEFI 👌🏻
However, Always DYOR and Trade with Caution.

The DEFI encourages not long-term holding while you earn through APY or APR but some DeFi doesn't worth and if you must go for DeFi it should a non-custodial DeFi that supported the top 10 coin, not some shitcoin.

Yawa2020

member

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I think BTC and Stocks Market will See more Dip this Week.
The Recession that's coming will definitely affect the Market. The DIP now is Not Adviced.
Just Keep Maintaining DCA and Flipping Altcoins.
Then DEFI 👌🏻
However, Always DYOR and Trade with Caution.

ImThour

copper member

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Bitcoin Bottom was at $15.4k

Bitcoin Percentage Down from ATH -

2013-14: 86% down
2017-18: 84% down
2021-22: 74% down

Why do you think BTC bottom is in despite the market being at risk of recession & high inflation around the world? Think wisely.

Topic: Bitcoin Percentage Down from ATH (Read 200 times)