Bottom For Bitcoin? - page 2. | Bitcointalksearch.org

leea-1334

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Quote from: hashrateproducts on July 15, 2022, 04:12:31 AM

Bitcoin can still dip further but it's all just a matter of time for it to reach it's ATL price. With TA, it's confirmed that it will dip further, it's probability of hitting $0 is still very possible but Bitcoin have retested back to it's bull run. Experts say it will continue to dip but since the market is unpredictable, one never can tell what's going to happen next in the market. Bitcoin chart is very complicated at the moment but people still know the down road of Bitcoin.

TA does not really confirm anything though right? It gives a lot of clues and a lot of directions but we all have been there, surprised by TA. For example RSI shows we should be going up to above oversold areas for weeks but we are still digging in.

If there is one thing though that I learn when majority of experts say it is going one way, the market tends to delay their prediction by a long time!

BlockchainMentors

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Any asset has ups and downs — cryptocurrency has more ups and downs because of the amount of hype and FOMO involved. When crypto is crashing people think that this is the right time to buy but they are wrong. You never know when it will go up and down because cryptocurrency is volatile in nature and there is no time to buy it. You can invest as much money as you can afford to lose so no problem

sklopan

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For some reason, I am sure that we have already seen the bottom. In theory, now the picture should slowly start to improve.

hashrateproducts

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Bitcoin can still dip further but it's all just a matter of time for it to reach it's ATL price. With TA, it's confirmed that it will dip further, it's probability of hitting $0 is still very possible but Bitcoin have retested back to it's bull run. Experts say it will continue to dip but since the market is unpredictable, one never can tell what's going to happen next in the market. Bitcoin chart is very complicated at the moment but people still know the down road of Bitcoin.

Christopher Andrews

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No one can tell that. As of now, it is still going down. Let’s wait and find out where it goes.

Natalim

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Quote from: Zilon on July 04, 2022, 12:55:39 PM

What is your chart telling you? everyone who buys now are doing it based on what their chart says or based on their research or maybe what the heard from a so called reliable source. But the truth remains anything about bitcoin price you hear are mere speculation. Kindly do your research if it tells you to buy now perfect but if your research suggest you wait a little more then do so. But ensure your chart is giving you the first hand signal before seeking for conformation else where

The chart is one tool used to analyze the market and in creating TA, however, given the extent of being volatile, that is still bound to be an unreliable conclusion as we can't predict the market right. The market of Bitcoin is moving like a roller coaster and we even don't know if we are reached already the bottom or not. Many speculations arise that we have been reached already and we are going to move high but I don't simply agree with these because as long we are in the bear season, anything like dump can be possible.

lixer

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Quote from: harapan on July 06, 2022, 10:19:28 AM

Don't regret it when the market bulls! But you shouldn't listen to random talks from influencers and people as you won't be hundred percent sure of getting the right decision to make and take.
The best advice is to get some cash and buy the in the bearish state. But if you can read the chart you can tell when to expect an upwards movement and downward movement. Bitcoin beats them all and expecting below 11k is a no no I don't think it will.

Influencers are not there to give you good suggestion to begin with, they are there to make it harder for you and that's about it, nothing more. I believe that the worse you do, the better they will feel probably.

Because, it means that they managed to influence you to do something bad, it's easy to say people "go buy bitcoin", because it's obvious that you are going to get richer with that, everyone can say that and it's simple, but if I say something weird, like SlashSlurpyDoge token and you actually go out and buy that? That's a big influence they have over you and that matters. This is why I believe that it should be quite important for them.

Silberman

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Quote from: Issa56 on July 04, 2022, 05:35:04 PM

Am sure nobody knows when bitcoin will start to recover and if you ask me when is the best time to invest seriously i will tell you i dont know. Almost all coins are down by -50%, and you are still asking for the right time to invest. Most people just want to catch the bottom which is not possible, after buying a coin is either its start going up or will come down, you wont always buy a coin and you will be in profit immediately. just buy when you think the price is down enough and hold.

This is what ends up destroying so many traders and investors, they have the mistaken expectations that somehow their strategy can exactly predict where the bottom is and when it will happen, and a prediction about the price we may reach can never be that precise, what we need to develop is a strategy that profits from the markets even if it is not perfect, and without a doubt investing your money when the price of bitcoin is so low is a good way to make a lot of profits during the next years.

harapan

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Don't regret it when the market bulls! But you shouldn't listen to random talks from influencers and people as you won't be hundred percent sure of getting the right decision to make and take.
The best advice is to get some cash and buy the in the bearish state. But if you can read the chart you can tell when to expect an upwards movement and downward movement. Bitcoin beats them all and expecting below 11k is a no no I don't think it will.

Issa56

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Am sure nobody knows when bitcoin will start to recover and if you ask me when is the best time to invest seriously i will tell you i dont know. Almost all coins are down by -50%, and you are still asking for the right time to invest. Most people just want to catch the bottom which is not possible, after buying a coin is either its start going up or will come down, you wont always buy a coin and you will be in profit immediately. just buy when you think the price is down enough and hold.

Zilon

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Bitcoindata.science

What is your chart telling you? everyone who buys now are doing it based on what their chart says or based on their research or maybe what the heard from a so called reliable source. But the truth remains anything about bitcoin price you hear are mere speculation. Kindly do your research if it tells you to buy now perfect but if your research suggest you wait a little more then do so. But ensure your chart is giving you the first hand signal before seeking for conformation else where

Silberman

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Quote from: Iadegbola34 on June 30, 2022, 04:26:58 PM

Quote from: Silberman on June 27, 2022, 11:52:57 AM

True, the conditions for such a growth are not there right now, people are afraid of what it is coming and they are taking refuge in some of the traditional assets like the dollar in order to protect from the crisis that is coming, however I really think that the dollar will begin to show signs of weakness and they will be crushed, that is when investors will begin to look for alternatives and that is when bitcoin and its independence from the governments will become attractive to investors once again.

Yeah, you're right! Little did they know that their alternative (FIAT) won't be able to save them overtime. Inflation will eat deep into their dollars then they will all start seeing bitcoin in a new light again. Maybe.... Just maybe then, we might have the bull run again.

Until the dollar fails the sellers will keep believing holding the dollar is their best bet against the bearish market condition.

Most people hate risk which is why I can understand they do not want to invest in a market which is so volatile as bitcoin, however they need to understand as well they are taking a massive risk by investing their wealth in fiat currencies, the inflation is higher than during the last 40 years almost all over the world, which is close to the last time the economic system fell, if we saw another systemic drop this time it will be huge as it is the first time all the currencies around the world are fiat, and anyone holding fiat will be devastated by their losses, only those holding assets like gold and bitcoin will do well, so it makes sense to buy bitcoin ahead of time before such a thing occurs.

sensimilia

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No one knows which direction the crypto market will take at any given time, but a look at the various aspects of the previous year gives some idea.The idea of the past years is that Bitcoin can go up at any time now, if Bitcoin goes up then the price of alt Coins is likely to go up.

SirLancelot

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Quote from: AicecreaME on June 24, 2022, 10:16:48 AM

Quote from: Mark301 on June 16, 2022, 05:25:25 AM

What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

If someone can predict the dip, for sure he won't tell anyone and if someone really can, he could also predict the next all time high.

To answer your another question, the best time to invest is when you trust your technical analysis about the next dip, if you happy about the dip, buy it, if not, then don't. Though hesitating so much even though you've done your part will give you only regrets at the end, sometimes not. For me, when you bought at $17,600, it's not that bad because that far enough from it's last all time high.

I would guess that they would, everyone would really except a few. The reason why there is nobody that really shares it is the fact that they do not know it, everyone just assumes and sometimes they are right and sometimes they are wrong.

I could say that we already saw the bottom and it won't go up anymore and that was it, and if that really happens and we do not go below that anymore and it just goes up, doesn't mean that I am some genius or anything, it just means my assumption was right but it was still an assumption and nothing more. This is why I honestly believe that the best thing we could do is move on from trying to find it, and just deal with our predictions.

WeedGoW

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Quote from: teosanru on June 30, 2022, 02:52:56 PM

Quote from: Mark301 on June 16, 2022, 05:25:25 AM

What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

Waiting for more dump in never advisable, but never waiting for another dump is foolish as well, the best way to stop this problem is find something in between which is averaging or dollar cost averaging, just keep on buying a certain percentage whenever the price falls a bit therefore you are accumulating and at the same time keeping a small backup to buy if the price drops even further. No one can really predict what the final bottom will be so this is the best strategy.

That's what we call DCA all the all to the bottom. Not very hard to understand since no one can really predict the bottom exactly at what price. Holding fund and keeping it just for 1 single chance of 'bottom' is dumb. Split it out to give you more chances. Same with diversifying.

Xampeuu

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each time frame of course has its own graph, and we can look for support at each time frame, so we can determine a low price in the support area, but we have to remember, the smaller the time frame we use, of course, the shorter the distance for the market to work, therefore we must be able to determine the target and cutloss area, to invest long term, of course the largest time frame can be chosen for analysis

Iadegbola34

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Quote from: Silberman on June 27, 2022, 11:52:57 AM

True, the conditions for such a growth are not there right now, people are afraid of what it is coming and they are taking refuge in some of the traditional assets like the dollar in order to protect from the crisis that is coming, however I really think that the dollar will begin to show signs of weakness and they will be crushed, that is when investors will begin to look for alternatives and that is when bitcoin and its independence from the governments will become attractive to investors once again.

Yeah, you're right! Little did they know that their alternative (FIAT) won't be able to save them overtime. Inflation will eat deep into their dollars then they will all start seeing bitcoin in a new light again. Maybe.... Just maybe then, we might have the bull run again.

Until the dollar fails the sellers will keep believing holding the dollar is their best bet against the bearish market condition.

teosanru

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Quote from: Mark301 on June 16, 2022, 05:25:25 AM

What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

Waiting for more dump in never advisable, but never waiting for another dump is foolish as well, the best way to stop this problem is find something in between which is averaging or dollar cost averaging, just keep on buying a certain percentage whenever the price falls a bit therefore you are accumulating and at the same time keeping a small backup to buy if the price drops even further. No one can really predict what the final bottom will be so this is the best strategy.

Lanatsa

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Quote from: Silberman on June 30, 2022, 11:53:36 AM

Quote from: GeorgeJohn on June 28, 2022, 12:55:50 PM

Quote from: mayfair_coin on June 28, 2022, 12:00:59 AM

Cryptocurrencies are extremely volatile in nature, the price fluctuations can be incredibly rewarding or just turn out to be hard luck. A simple rule of thumb is to invest when the market is bullish and exit when it's bearish.

yes in actual sense what you have to do, is to invest more money when we are experiencing bearish market, while during the time of bullish you make your Profit.

Some people don't understand that in cryptocurrency the only time you can make Profit is when you have you purchase more crypto in the bearish and hold until the increment in price of cryptocurrency emerges, which known as bullish. So in summary, you don't need to exit when their is bearish market rather exit when their is bullish market, but depending the gravity of bullish will determine if you will exit or not.

When it comes to investing for some reason people have it backwards, after all when they are buying a product they try to find the best possible price to buy what they want, and yet this dynamic that is familiar to everyone that has bought anything during their life completely escapes them when they are investing, we need to buy when the price of an asset is low and then sell it when it is high, bitcoin right now is incredibly cheap so this is the moment to buy and yet we see many people selling their cons for a loss.

Totally dumb right? Instead of selling those assets/coins or any various investments you do have then why you cant just find for another source which you could really make out some buying on Bitcoin without the need

on selling them? Yeah, its not really something easy for some people but its impossible that you wont really able to provide if you are really that dedicative when it comes on investing specially on times like this.
Some does have the money but they are still hesitant on doing so just because they are minding that they would really be getting in lowest price as possible which we know that its impossible since the market
is totally random and unpredictable. Bottom is always be imaginary and unknown but with some indicators which is really giving out some ideas on when to enter.

FanEagle

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The bottom seems to be already reached and we are still arguing over if it was reached or not. I do not get why people always push themselves to the very bare bottom and how it could happen. I know that it's not really that much shocking if we do not have any kind of reason to believe it's fully gone, and we do not have any proof that it's fully gone, but shouldn't that be good enough of a reason to also believe that it could be the truth?

I mean yes we do not have a proof that it will never go any lower, but we also do not have a proof that it will be going down neither. So, why not pick the part where bitcoin looks more profitable, and instead be scared about the first possibility?

Topic: Bottom For Bitcoin? - page 2. (Read 1247 times)