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Topic: Bottom For Bitcoin? - page 3. (Read 943 times)

legendary
Activity: 2534
Merit: 1338
June 30, 2022, 12:53:36 PM
#86
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.
hero member
Activity: 1470
Merit: 711
Instant cryptocurrency exchange with own reserves!
June 28, 2022, 01:55:50 PM
#85
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.
hero member
Activity: 2772
Merit: 634
"CoinPoker.com"
June 28, 2022, 01:00:52 PM
#84
People keep talking about when the bottom for bitcoin will be hit or has it been reached already. Meanwhile bitcoin and the market just can't deal with that at all, it doesn't care about any of this, the only thing it cares about is the fact that you could make a good profit from bitcoin if you buy right now, and if you keep on waiting then you are not going to be making that kind of profit for sure.

So, why focus on that when you could do something much more profitable? I get that you may not like the way it is going right now, but that doesn't change the fact that you could have bought right now and made a profit, when instead many people are trying to find the absolute bottom, like it would matter if you bought at 14k instead of 20k, what if it never reaches those levels?

What are you going to do if it never reaches those levels? Would you be fine with buying at 30k in that case in order to not miss out the hyped increase? I think buy now, no matter how low it could get, so that you wouldn't regret it later on when the price starts to go up a lot more.
member
Activity: 700
Merit: 10
June 28, 2022, 03:00:31 AM
#83
I think right now, it was too soon to say Bitcoin has bottomed out. Many said 'price right now is good' but that's only because we are now just recovered from a low price last weak. Need to be a few more weeks or months in green to actually be out of the bearish trend.
If Bitcoin able to break the resistance level then we can safely say the Bitcoin has bottomed out but of course there’s still a chance for a failed breakout and we should continue to watch the candle sticks of Bitcoin. The market is still unstable, the economy of many countries are getting worst and this could affect Bitcoin price as well. Let’s be more patient on holding, know that you’re not the only one losing here and better to have a good motivation to continue buying because this bear will eventually end in time, this is not a bear market forever.
it could be that now is just a correction to go deeper. it is true that if you can break through the resistance, and show a long candle, then it is possible that it is a reversal area. but on the way no one knows about it, therefore continuing to buy in the buying area becomes an attractive option, at least we are also together waiting for the bullish season to come, and continue to hold it until that time comes
newbie
Activity: 49
Merit: 0
June 28, 2022, 01:00:59 AM
#82
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.
Inherent volatility of cryptocurrencies poses a risk, it is also one of the most important factors that draw people to Crypto. And because the market fluctuates constantly, then According to me there is no optimal period to invest in cryptocurrencies; hence it is important to review the price analysis and future predictions before investing.
hero member
Activity: 2394
Merit: 586
June 28, 2022, 12:12:19 AM
#81
IMHO we are at the bottom; however, there is a difference between being at the bottom and scraping the bottom of the barrel.  Right now, we are consistently at the bottom but inconsistently have scraped the bottom.  We have yet to hit the bottom feeding stage in which we consistently scrape the bottom.  Hopefully we have seen the worst of this cycle.
legendary
Activity: 2534
Merit: 1338
June 27, 2022, 12:52:57 PM
#80
This is still a very cheap price to buy BTC compared to its ATH. BTC has got all the potential to double or even triple your investment in few months. Unless you're looking for a short-term profit.

Don't miss the moon while chasing the stars!!!
While without a doubt bitcoin can go up in price and give those kind of profits with ease, I think it is a mistake to think those profits can be made during the next months, people are very scared not only because of what it is happening in the bitcoin market but all over the world, and a few months are not going to be enough to dissipate the doubts that investors and the general public have on the economy, so it is better to tone down our predictions for the time being
What is happening right now in the world does make us worry and the problem seems very complex,
at this time we can see for ourselves that the global economy is in chaos and it also indirectly affects the crypto market,
Besides that, we can see that almost all countries are experiencing inflation and it is not easy to overcome all of this
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.
full member
Activity: 854
Merit: 100
The OGz Club
June 26, 2022, 10:04:27 PM
#79
As long as they are not greedy for profit, they can profit from bitcoin trading. The bitcoin market is still going up and down erratically and will continue to do so. People who already bought it at a low price can now sell it for profit but can also hold it for longer and only sell it when the price rises higher than it is now. Getting 20%-30% profit is enough because it is very difficult to make a profit nowadays.
The quick recovery is basically just the proof that we are in a market where 20k is pretty strong resistance. People know that it was the previous ATH in 2017 and they believe that we are not "that" bad right now and that is why buying when it is under there is pretty easy decision.

Doesn't mean that it can't go lower, it can still go lower way down if people end up selling a lot, but there is a difference between 40k and then suddenly under 20k, it is easier to buy some here. I didn't do it unfortunately, I should have done it, considered doing it but honestly I didn't had the courage this time around because felt like maybe it would go down more, it was a mistake, wish I bought some more.
Luckily I could buy a few bitcoins when they were under $20k. But I'm sad that I only bought a few bitcoins yesterday when I could have bought more. Maybe because I thought that my analysis had said the price could drop to a lower level but it turned out that the price could bounce after reaching a price level that I could buy. Well, at least I can increase my current bitcoin amount and what's exciting is that I can sell it right now if I want but I guess I'll just hold on to it for the time being. Maybe later, I'll sell some first, take my initial money, and save the rest for the next hike.
The price is still accessible enough as it is barely above the 20k level and even then there is a chance the price will go below that price once gain, so it is important to get all the fiat we can during that time as the best possible time to invest in bitcoin is still ahead of us, but the window of opportunity in which we can do this will be incredibly small and if we are not ready by that time then we are going to definitely miss the best opportunity that we will have to buy bitcoin for cheap price.
It seems so considering the market is still in a bearish condition and make good use of this opportunity to invest in Bitcoin,
no need to hesitate because Bitcoin is the top coin and I'm sure it will return to the highest price later,
and we can buy it gradually while waiting for the price to come back down
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
June 26, 2022, 08:18:41 PM
#78
As long as they are not greedy for profit, they can profit from bitcoin trading. The bitcoin market is still going up and down erratically and will continue to do so. People who already bought it at a low price can now sell it for profit but can also hold it for longer and only sell it when the price rises higher than it is now. Getting 20%-30% profit is enough because it is very difficult to make a profit nowadays.
The quick recovery is basically just the proof that we are in a market where 20k is pretty strong resistance. People know that it was the previous ATH in 2017 and they believe that we are not "that" bad right now and that is why buying when it is under there is pretty easy decision.

Doesn't mean that it can't go lower, it can still go lower way down if people end up selling a lot, but there is a difference between 40k and then suddenly under 20k, it is easier to buy some here. I didn't do it unfortunately, I should have done it, considered doing it but honestly I didn't had the courage this time around because felt like maybe it would go down more, it was a mistake, wish I bought some more.
Luckily I could buy a few bitcoins when they were under $20k. But I'm sad that I only bought a few bitcoins yesterday when I could have bought more. Maybe because I thought that my analysis had said the price could drop to a lower level but it turned out that the price could bounce after reaching a price level that I could buy. Well, at least I can increase my current bitcoin amount and what's exciting is that I can sell it right now if I want but I guess I'll just hold on to it for the time being. Maybe later, I'll sell some first, take my initial money, and save the rest for the next hike.
The price is still accessible enough as it is barely above the 20k level and even then there is a chance the price will go below that price once gain, so it is important to get all the fiat we can during that time as the best possible time to invest in bitcoin is still ahead of us, but the window of opportunity in which we can do this will be incredibly small and if we are not ready by that time then we are going to definitely miss the best opportunity that we will have to buy bitcoin for cheap price.
sr. member
Activity: 2380
Merit: 357
June 24, 2022, 05:47:12 PM
#77
I think right now, it was too soon to say Bitcoin has bottomed out. Many said 'price right now is good' but that's only because we are now just recovered from a low price last weak. Need to be a few more weeks or months in green to actually be out of the bearish trend.
If Bitcoin able to break the resistance level then we can safely say the Bitcoin has bottomed out but of course there’s still a chance for a failed breakout and we should continue to watch the candle sticks of Bitcoin. The market is still unstable, the economy of many countries are getting worst and this could affect Bitcoin price as well. Let’s be more patient on holding, know that you’re not the only one losing here and better to have a good motivation to continue buying because this bear will eventually end in time, this is not a bear market forever.
sr. member
Activity: 2800
Merit: 344
when lambo...
June 24, 2022, 05:30:35 PM
#76
I think right now, it was too soon to say Bitcoin has bottomed out. Many said 'price right now is good' but that's only because we are now just recovered from a low price last weak. Need to be a few more weeks or months in green to actually be out of the bearish trend.

It will still take a long time before Bitcoin recovers again not unless a huge event will occur that will affect its value positively. I guess it will take long months before Bitcoin hit a better price again and we're still not at that bottom price. There's no accurate prediction though but we could base things on its history.
That was the story and it will recover as it is supposed to be. Therefore, we have to keep our trust, we can't predict when but certainly it will come someday. So far, the market is moving a little bit high turning it green and this leaves the confidence that there is really a chance for recovery. Patience is somewhat we need, maybe we are not yet finished with the bear season but actually, seeing the market development it somewhat gives a good feeling to the holders and to those who bought Bitcoin at $30k (and higher).
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
June 24, 2022, 02:28:35 PM
#75
As long as they are not greedy for profit, they can profit from bitcoin trading. The bitcoin market is still going up and down erratically and will continue to do so. People who already bought it at a low price can now sell it for profit but can also hold it for longer and only sell it when the price rises higher than it is now. Getting 20%-30% profit is enough because it is very difficult to make a profit nowadays.
The quick recovery is basically just the proof that we are in a market where 20k is pretty strong resistance. People know that it was the previous ATH in 2017 and they believe that we are not "that" bad right now and that is why buying when it is under there is pretty easy decision.

Doesn't mean that it can't go lower, it can still go lower way down if people end up selling a lot, but there is a difference between 40k and then suddenly under 20k, it is easier to buy some here. I didn't do it unfortunately, I should have done it, considered doing it but honestly I didn't had the courage this time around because felt like maybe it would go down more, it was a mistake, wish I bought some more.
Luckily I could buy a few bitcoins when they were under $20k. But I'm sad that I only bought a few bitcoins yesterday when I could have bought more. Maybe because I thought that my analysis had said the price could drop to a lower level but it turned out that the price could bounce after reaching a price level that I could buy. Well, at least I can increase my current bitcoin amount and what's exciting is that I can sell it right now if I want but I guess I'll just hold on to it for the time being. Maybe later, I'll sell some first, take my initial money, and save the rest for the next hike.
full member
Activity: 1708
Merit: 126
June 24, 2022, 02:14:02 PM
#74
I think right now, it was too soon to say Bitcoin has bottomed out. Many said 'price right now is good' but that's only because we are now just recovered from a low price last weak. Need to be a few more weeks or months in green to actually be out of the bearish trend.

It will still take a long time before Bitcoin recovers again not unless a huge event will occur that will affect its value positively. I guess it will take long months before Bitcoin hit a better price again and we're still not at that bottom price. There's no accurate prediction though but we could base things on its history.
legendary
Activity: 2618
Merit: 1181
June 24, 2022, 01:51:03 PM
#73
DCAing is a good strategy because its less risky compared to using all your funds at once. Anyway the current price is still cheap, its best to buy during this time instead of waiting for the price to recover before buying. As long as you can hold longer and willing to wait patiently until bullrun occur then you can buy now. We're not certain whats the real bottom but think the current price is reasonable to buy.
Obviously DCA is the best choice when the market is bearish, giving investors and traders the opportunity to buy a number of assets at low prices. But if they know that dip and DCA is a better strategy combination then now they have made some profit. I understand why some people worry about deciding when is the right time to make a purchase, but once they realized that $17.7K was the low point during the correction, then I'm sure they regretted not buying at this point.
full member
Activity: 398
Merit: 100
June 24, 2022, 01:12:08 PM
#72
I think right now, it was too soon to say Bitcoin has bottomed out. Many said 'price right now is good' but that's only because we are now just recovered from a low price last weak. Need to be a few more weeks or months in green to actually be out of the bearish trend.
sr. member
Activity: 2324
Merit: 454
June 24, 2022, 11:16:48 AM
#71
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.
hero member
Activity: 2912
Merit: 629
June 23, 2022, 08:57:31 PM
#70
how do we wait if it turns out that the price has experienced a bullrun, do we not buy or buy at the price when there is a bullrun. so I think when there is a decline like this time is a good time to buy little by little, if there is another decline it means we can buy it back, and if the market has experienced a bullrun, at least we have assets to prepare to take profit, so it's all about money management and analysis
DCAing is a good strategy because its less risky compared to using all your funds at once. Anyway the current price is still cheap, its best to buy during this time instead of waiting for the price to recover before buying. As long as you can hold longer and willing to wait patiently until bullrun occur then you can buy now. We're not certain whats the real bottom but think the current price is reasonable to buy.
jr. member
Activity: 98
Merit: 2
June 23, 2022, 05:05:14 PM
#69
Not so long ago I read an analyst who predicts a price of 0 for bitcoin. So I imagine this moment, and I think - how many of them to take at that price? Smiley
full member
Activity: 1610
Merit: 103
The OGz Club
June 23, 2022, 12:33:33 PM
#68
This is still a very cheap price to buy BTC compared to its ATH. BTC has got all the potential to double or even triple your investment in few months. Unless you're looking for a short-term profit.

Don't miss the moon while chasing the stars!!!
While without a doubt bitcoin can go up in price and give those kind of profits with ease, I think it is a mistake to think those profits can be made during the next months, people are very scared not only because of what it is happening in the bitcoin market but all over the world, and a few months are not going to be enough to dissipate the doubts that investors and the general public have on the economy, so it is better to tone down our predictions for the time being
What is happening right now in the world does make us worry and the problem seems very complex,
at this time we can see for ourselves that the global economy is in chaos and it also indirectly affects the crypto market,
Besides that, we can see that almost all countries are experiencing inflation and it is not easy to overcome all of this
legendary
Activity: 2534
Merit: 1338
June 23, 2022, 12:05:13 PM
#67
This is still a very cheap price to buy BTC compared to its ATH. BTC has got all the potential to double or even triple your investment in few months. Unless you're looking for a short-term profit.

Don't miss the moon while chasing the stars!!!
While without a doubt bitcoin can go up in price and give those kind of profits with ease, I think it is a mistake to think those profits can be made during the next months, people are very scared not only because of what it is happening in the bitcoin market but all over the world, and a few months are not going to be enough to dissipate the doubts that investors and the general public have on the economy, so it is better to tone down our predictions for the time being
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