Bottom of the Bear Market...let's accumulate!!

Don Pedro Dinero

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Quote from: thecodebear on January 09, 2023, 09:27:26 PM

Alright folks, unless there is another major crypto company/protocol collapse, the bottom is almost certainly in and there is a good chance Bitcoin will start rising out of this bottom range in a few months.

That is the feeling I have too, that the bottom has been reached, and that we are at prices that we wish we had bought in the future. It is therefore better to accumulate as far as we can.

Quote from: Pejoh Asu on January 27, 2023, 10:58:59 PM

Nice surprise when i was not online for almost a month and saw last week the price reached $22k and now it's still stable at $22k level, the last price i checked a month ago was around $16k, or it's been up more than 35%, hopefully this positive trend continues to make haters silent and stressed because their efforts to make bitcoin abandoned by users have failed.

We can never be sure what will happen, but unless we have another FTX, the worst seems to be over.

Pejoh Asu

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Nice surprise when i was not online for almost a month and saw last week the price reached $22k and now it's still stable at $22k level, the last price i checked a month ago was around $16k, or it's been up more than 35%, hopefully this positive trend continues to make haters silent and stressed because their efforts to make bitcoin abandoned by users have failed.

TravelMug

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Quote from: ethereumhunter on January 21, 2023, 10:14:34 AM

Quote from: Captain Corporate on January 18, 2023, 02:29:48 PM

Having a nice bottom like this is always good, its not going to be easy to accumulate starting from now but you could still do it. If you decided that its a good amount of money to buy, then you should do it. I have been buying it up for many years now, bought at lower than this, bought at higher than this. All in all I would highly suggest not to be late, and go for long term as well. Its not just about buying, its also about holding, if you buy now and sell tomorrow then you won't make much profit, but if you buy now and sell 10 years later, that profit will be huge without a doubt. So do not forget the second part of this, which is holding.

And only we know whether it is worth doing or not because we are also the ones who have to be responsible for our assets. And because the bitcoin price has reached $20k, we can invest long-term because the potential profits will be even greater in the future. But he can also buy and sell bitcoins at this point for profit but it will depend on how skillful he is at trading. Investing is just a way to make a profit and we will not worry about how much the bitcoin price is today or tomorrow. It is better to choose long-term investments to get the maximum profit.

And even if we crossed above $20k, I think investing is still very good at this point, specially if you are in for the long haul. Of course we don't look at the price and not worry if we are here investing for long term. But sometimes it's good to see the price going on positive and seeing a green candle at the end of every week or every month.

So lots of time to accumulate in this bear market (yes, for me we are still in the bear market although we have green candles for this month).

And let see how far this spike will be, hopefully we can see it around $25k-$30k at least.

ethereumhunter

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Quote from: Captain Corporate on January 18, 2023, 02:29:48 PM

Having a nice bottom like this is always good, its not going to be easy to accumulate starting from now but you could still do it. If you decided that its a good amount of money to buy, then you should do it. I have been buying it up for many years now, bought at lower than this, bought at higher than this. All in all I would highly suggest not to be late, and go for long term as well. Its not just about buying, its also about holding, if you buy now and sell tomorrow then you won't make much profit, but if you buy now and sell 10 years later, that profit will be huge without a doubt. So do not forget the second part of this, which is holding.

And only we know whether it is worth doing or not because we are also the ones who have to be responsible for our assets. And because the bitcoin price has reached $20k, we can invest long-term because the potential profits will be even greater in the future. But he can also buy and sell bitcoins at this point for profit but it will depend on how skillful he is at trading. Investing is just a way to make a profit and we will not worry about how much the bitcoin price is today or tomorrow. It is better to choose long-term investments to get the maximum profit.

Silberman

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Quote from: Pierre 2 on January 18, 2023, 02:15:33 AM

I am very happy to see Bitcoin back and alive after all these months. But I am not sure time comes to start accumulating. There may be another trap after this move. Like sudden temporary drop. I am still waiting for that opportunity buy at least 0.5 Bitcoin. I think we won't hit under 10000 dollar levels for sure tho. I guess resistance around 12-17k levels is too strong. Its so strong and bear can't ever break it. So I actually half agree with OP, accumulating windows just started but for the best price I wanna wait.

At this point I think it is safe to say that 10k is out of the question, it seems 15k was the bottom and at worst we may hit again one more time, but after such a thing happening I would expect for the price of bitcoin not only to remain away from the bottom but also to grow to a point in which the 20k level will be left behind as well, so it seems this is a good moment to accumulate more coins despite the risk of the current correction being a bull trap.

len01

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the last few days the price of bitcoin has increased slightly from the level of $ 16k to $ 21k and today bitcoin has begun to decline at $ 20k and according to my speculation it will return to the level of $ 17k. maybe the OP got lucky after creating this thread the price got better for a while.
but it's true what the title of the thread says that bitcoin from $ 60k has fallen to the current price of $ 20k that is the really cheapest price and indeed at this time there is a big discount that is given for us to buy and collect as much as possible before it's too late like bullish previously. I believe that some people they missed out on last year's bullish run and let's get together while there's still a chance.

STT

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Buy on the lows is the ideal but over what time period do we consider those lows. Today price is breaking the 2 day average which means we reset some but how far will it pullback before attempting higher again. So long as we keep 20k I'll guess we do try for higher prices but overall I believe in multiple tests so accumulate would be in the depths of those tests to price action.

Captain Corporate

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Having a nice bottom like this is always good, its not going to be easy to accumulate starting from now but you could still do it. If you decided that its a good amount of money to buy, then you should do it. I have been buying it up for many years now, bought at lower than this, bought at higher than this. All in all I would highly suggest not to be late, and go for long term as well. Its not just about buying, its also about holding, if you buy now and sell tomorrow then you won't make much profit, but if you buy now and sell 10 years later, that profit will be huge without a doubt. So do not forget the second part of this, which is holding.

dunfida

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Quote from: Yaunfitda on January 18, 2023, 05:48:28 AM

Quote from: Pierre 2 on January 18, 2023, 02:15:33 AM

I am very happy to see Bitcoin back and alive after all these months. But I am not sure time comes to start accumulating. There may be another trap after this move. Like sudden temporary drop. I am still waiting for that opportunity buy at least 0.5 Bitcoin. I think we won't hit under 10000 dollar levels for sure tho. I guess resistance around 12-17k levels is too strong. Its so strong and bear can't ever break it. So I actually half agree with OP, accumulating windows just started but for the best price I wanna wait.

I think the resistance now is $21k, it seems that eventhough we have broken it, there are a couple of times in the last couple of days that we can't break it or it's hard to maintain that price.

But I do believed that we won't hit $10k as predicted by many before the start of the year.

Because the good thing is that the price suddenly goes on spike, but still though the best time to accumulate because we are still in the $20k'ish price. It's not that we suddenly went from $15k lowest low to $30k, the window is still present for us.

We are really that trying to break that 21k resistance but it do fails and these pullbacks are really that normal but not really that much in huge percentage.Good thing that we didnt go below 20k price but the possibilities

are always there.This is why its not really that something recommendable that you should really be that confident.Always try to spot out those buying opportunities once the market do make out some pullback.

This is where you should be spotting on accumulating which would really give out that advantage if ever we do able to break those recent resistances but of course you should
make yourself prepared about going back on were we before.

Kemarit

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Quote from: Poker Player on January 11, 2023, 09:26:00 PM

If you notice, we are having slight sustained upward trend, which seem to indicate that barring catastrophic news, such as another FTX, that we can get back to $20k and beyond.

It's like a week since you have posted this and yeah, the upward trend still continues up to this point, $21,000 and counting. There's no news yet like the FTX and hopefully there's none in this year.

Quote from: Poker Player on January 11, 2023, 09:26:00 PM

For anyone who is in on this, we know that sub $20k prices are extremely cheap, the thing is that there have been extreme downturns because of the leverage explosion but at the minimum that things return to normal the normal is a 2023 with upside.

For sure there are speculators, whether short or long term, who filled their bags last year because the price is cheap. But still though, at the current price movement, we can still consider this it as a discount because we are still in the $21,000. And maybe at the end of the year, this could double as I can see $40,000 or higher this year.

Yaunfitda

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Quote from: Pierre 2 on January 18, 2023, 02:15:33 AM

I am very happy to see Bitcoin back and alive after all these months. But I am not sure time comes to start accumulating. There may be another trap after this move. Like sudden temporary drop. I am still waiting for that opportunity buy at least 0.5 Bitcoin. I think we won't hit under 10000 dollar levels for sure tho. I guess resistance around 12-17k levels is too strong. Its so strong and bear can't ever break it. So I actually half agree with OP, accumulating windows just started but for the best price I wanna wait.

I think the resistance now is $21k, it seems that eventhough we have broken it, there are a couple of times in the last couple of days that we can't break it or it's hard to maintain that price.

But I do believed that we won't hit $10k as predicted by many before the start of the year.

Because the good thing is that the price suddenly goes on spike, but still though the best time to accumulate because we are still in the $20k'ish price. It's not that we suddenly went from $15k lowest low to $30k, the window is still present for us.

Pierre 2

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I am very happy to see Bitcoin back and alive after all these months. But I am not sure time comes to start accumulating. There may be another trap after this move. Like sudden temporary drop. I am still waiting for that opportunity buy at least 0.5 Bitcoin. I think we won't hit under 10000 dollar levels for sure tho. I guess resistance around 12-17k levels is too strong. Its so strong and bear can't ever break it. So I actually half agree with OP, accumulating windows just started but for the best price I wanna wait.

rodskee

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I also see this way that there are some indication that we are having way to 20k but still we are 1k away to take that price again.

but another FTX is dangerous to look at and hope not to another scam Grin

i was expecting at least 25k for this small bull run , hope that we will cross at least before it happens to dump again while waiting for halving.

Quote from: ilovealtcoins on January 16, 2023, 07:45:36 AM

Quote from: thecodebear on January 09, 2023, 09:27:26 PM

Who is accumulating and how much are you hoping to add to your stash this year?

I'm still accumulating and I'm not happy when bitcoin goes up and holds above $20k.

if you are not happy then best to buy more instead of not letting others selling their coins , some of them are loser in the past that only wanted to take out.

ilovealtcoins

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Quote from: thecodebear on January 09, 2023, 09:27:26 PM

Who is accumulating and how much are you hoping to add to your stash this year?

I'm still accumulating and I'm not happy when bitcoin goes up and holds above $20k. People are getting very excited to see bitcoin go up because people bought at a higher price, and they don't want to hold any longer. But I like the bitcoin price as low as possible to be able to buy it cheaply. For 20k dollars, I would buy only one bitcoin at the current price, but if bitcoin prices 10k, I can buy two bitcoins. I hope bitcoin will crash again.

Fara Chan

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Quote from: Poker Player on January 11, 2023, 09:26:00 PM

If you notice, we are having slight sustained upward trend, which seem to indicate that barring catastrophic news, such as another FTX, that we can get back to $20k and beyond.

For anyone who is in on this, we know that sub $20k prices are extremely cheap, the thing is that there have been extreme downturns because of the leverage explosion but at the minimum that things return to normal the normal is a 2023 with upside.

Now Bitcoin is increasing, at this time Bitcoin has reached $20.8k, but according to the conditions of this chart it is still significantly increasing, so far we see several charts of coin values besides Bitcoin showing graphs of increases, even though these are signs that the market will be Bullish, of course we have to prepare as best we can, and while we're still not out of the Bear Market, below $20k is a bargain, but we believe based on the chart we're looking at right now, 2023 will be even better than the previous year.

Perhaps at this point we expect a higher Value, in the $30k-$40k range for this small Bull, although it takes a little extra later this month or the middle of the coming month.

BobK71

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Quote from: KnightElite on January 16, 2023, 01:48:13 AM

Quote from: lienfaye on January 15, 2023, 11:51:24 PM

Quote from: Silberman on January 12, 2023, 11:31:51 PM

Quote from: kro55 on January 11, 2023, 09:55:14 PM

Quote from: thecodebear on January 09, 2023, 09:27:26 PM

~~~

For those of you still trying to build out a Bitcoin stash you can be happy with, including those of you trying to get up to being a whole-coiner, this will likely be the last year you can make significant progress on that as it'll start getting real hard to accumulate tenths of a bitcoin when the price is mid five figures, high five figures, and in the six figures.

Who is accumulating and how much are you hoping to add to your stash this year?

We can invest in bitcoin whenever we want, bitcoin will always make a profit. But I agree with OP one thing, if someone misses 2022, then maybe this is the last year we see bitcoin under $20k. If we miss this opportunity and when another bull season arrives, buying bitcoin will become even more difficult. Remember the lesson when bitcoin was at 3k in 2018, and if someone didn't buy it, there was no chance.
Of course, we can still invest later, but if you want to make a lot of profit, let's accumulate now, procrastination will not help us become rich.

At some point investors need to accept the fact they need to take a risk and invest in bitcoin, maybe they missed the bottom already or maybe the bottom is yet to come, but that does not matter, what matters is to take action now, because each day it passes the closer we get to the next halving, and while it may still seem to be far away we must not forget that time flies by and before we know it the halving will be around the corner and we may find ourselves without enough bitcoin to fully take advantage of it.

Some of us don't like the idea of buying at the bottom because of their worries that it might turn downward further. Then, will regret not buying at a lower price when they see the price moving upward and they missed to take advantage the much lower price. Just like now the price of Bitcoin is increasing, so if an investor bought at $16k price, it's a decent profit already at this time. That's how unpredicted the price is, we'll never know what lies ahead and it's also the reason why we have to take risk if we truly believe the price can go higher and reach its previous ath. As you've said halving may look far still, but the time flies so fast, so while we can still accumulate, do it without hesitation because it's for our own good. But this is if you're not a weak investor and aware of the history of Bitcoin.

Bottom picking and averaging down are usually the strategy of a lot of investors where they are accumulating when the price of the bitcoin is crashing. There are a set of parameters that should be consider before doing that kind of strategy because a lot of investors have low winning rate and the waiting time is too long for this kind of strategy. That is why for short term traders like us, we prefer to buy in trending markets than to do averaging down to lessen the risks and also to follow my niche. I have low winning rate in accumulating in bottom so it is the reason why I don't recommend it for some traders or investors who want to buy while the prices are crashing. My mentor said that cheap price can become more cheaper price that's why I always be careful on buying at the bottom.

Many of us may not pay much attention to the price and timing when the price of Bitcoin is down. But when the price get bullish at one point there will be no end of regret. Bitcoin has been below $17K for a long time and has started to turn bullish again since last week. Maybe many didn't accumulate bitcoins before $17K hoping for more dip. Currently btc price reached $21000. This may not be good news for those who haven't collected yet. If it ever comes below $20k again then should buy as much as possible and if not I think the current price is also worthy to invest.

KnightElite

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Quote from: lienfaye on January 15, 2023, 11:51:24 PM

Quote from: Silberman on January 12, 2023, 11:31:51 PM

Quote from: kro55 on January 11, 2023, 09:55:14 PM

Quote from: thecodebear on January 09, 2023, 09:27:26 PM

~~~

For those of you still trying to build out a Bitcoin stash you can be happy with, including those of you trying to get up to being a whole-coiner, this will likely be the last year you can make significant progress on that as it'll start getting real hard to accumulate tenths of a bitcoin when the price is mid five figures, high five figures, and in the six figures.

Who is accumulating and how much are you hoping to add to your stash this year?

We can invest in bitcoin whenever we want, bitcoin will always make a profit. But I agree with OP one thing, if someone misses 2022, then maybe this is the last year we see bitcoin under $20k. If we miss this opportunity and when another bull season arrives, buying bitcoin will become even more difficult. Remember the lesson when bitcoin was at 3k in 2018, and if someone didn't buy it, there was no chance.
Of course, we can still invest later, but if you want to make a lot of profit, let's accumulate now, procrastination will not help us become rich.

At some point investors need to accept the fact they need to take a risk and invest in bitcoin, maybe they missed the bottom already or maybe the bottom is yet to come, but that does not matter, what matters is to take action now, because each day it passes the closer we get to the next halving, and while it may still seem to be far away we must not forget that time flies by and before we know it the halving will be around the corner and we may find ourselves without enough bitcoin to fully take advantage of it.

Some of us don't like the idea of buying at the bottom because of their worries that it might turn downward further. Then, will regret not buying at a lower price when they see the price moving upward and they missed to take advantage the much lower price. Just like now the price of Bitcoin is increasing, so if an investor bought at $16k price, it's a decent profit already at this time. That's how unpredicted the price is, we'll never know what lies ahead and it's also the reason why we have to take risk if we truly believe the price can go higher and reach its previous ath. As you've said halving may look far still, but the time flies so fast, so while we can still accumulate, do it without hesitation because it's for our own good. But this is if you're not a weak investor and aware of the history of Bitcoin.

Bottom picking and averaging down are usually the strategy of a lot of investors where they are accumulating when the price of the bitcoin is crashing. There are a set of parameters that should be consider before doing that kind of strategy because a lot of investors have low winning rate and the waiting time is too long for this kind of strategy. That is why for short term traders like us, we prefer to buy in trending markets than to do averaging down to lessen the risks and also to follow my niche. I have low winning rate in accumulating in bottom so it is the reason why I don't recommend it for some traders or investors who want to buy while the prices are crashing. My mentor said that cheap price can become more cheaper price that's why I always be careful on buying at the bottom.

GeorgeJohn

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Quote from: Dickiy on January 10, 2023, 04:43:40 AM

For price movement it is true that it is starting to improve so many people speculate that there will be a bull run in the near future and some are still holding fast that the bitcoin price has not yet reached the bottom price in the current cycle, for short-term investors it may be very important to know what price predictions will be happen, but if you ask long-term investors, especially if they have experience, I don't think they will be affected by price predictions that may not be their target this year.
My Bitcoin collection is still relatively small because the DCA that I did is still relatively new and the money I save is still relatively small, so I'm embarrassed to mention it again, but I have a target this year to have the success of collecting 1-3 bitcoins.

People here procrastinate the information concerning the speculation of cryptocurrency and mostly Bitcoin in particular, so at this point, nobody knows directly what it will say concerning Bitcoin rising and falling, and if you follow people analysis you will have a dividing attention. It's better to use Bitcoin chart to study and know how effective Bitcoin is going to take.

lienfaye

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Quote from: Silberman on January 12, 2023, 11:31:51 PM

Quote from: kro55 on January 11, 2023, 09:55:14 PM

Quote from: thecodebear on January 09, 2023, 09:27:26 PM

~~~

For those of you still trying to build out a Bitcoin stash you can be happy with, including those of you trying to get up to being a whole-coiner, this will likely be the last year you can make significant progress on that as it'll start getting real hard to accumulate tenths of a bitcoin when the price is mid five figures, high five figures, and in the six figures.

Who is accumulating and how much are you hoping to add to your stash this year?

We can invest in bitcoin whenever we want, bitcoin will always make a profit. But I agree with OP one thing, if someone misses 2022, then maybe this is the last year we see bitcoin under $20k. If we miss this opportunity and when another bull season arrives, buying bitcoin will become even more difficult. Remember the lesson when bitcoin was at 3k in 2018, and if someone didn't buy it, there was no chance.
Of course, we can still invest later, but if you want to make a lot of profit, let's accumulate now, procrastination will not help us become rich.

At some point investors need to accept the fact they need to take a risk and invest in bitcoin, maybe they missed the bottom already or maybe the bottom is yet to come, but that does not matter, what matters is to take action now, because each day it passes the closer we get to the next halving, and while it may still seem to be far away we must not forget that time flies by and before we know it the halving will be around the corner and we may find ourselves without enough bitcoin to fully take advantage of it.

Some of us don't like the idea of buying at the bottom because of their worries that it might turn downward further. Then, will regret not buying at a lower price when they see the price moving upward and they missed to take advantage the much lower price. Just like now the price of Bitcoin is increasing, so if an investor bought at $16k price, it's a decent profit already at this time. That's how unpredicted the price is, we'll never know what lies ahead and it's also the reason why we have to take risk if we truly believe the price can go higher and reach its previous ath. As you've said halving may look far still, but the time flies so fast, so while we can still accumulate, do it without hesitation because it's for our own good. But this is if you're not a weak investor and aware of the history of Bitcoin.

Silberman

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Quote from: tygeade on January 13, 2023, 02:18:10 AM

Quote from: thecodebear on January 09, 2023, 09:27:26 PM

For those of you still trying to build out a Bitcoin stash you can be happy with, including those of you trying to get up to being a whole-coiner, this will likely be the last year you can make significant progress on that as it'll start getting real hard to accumulate tenths of a bitcoin when the price is mid five figures, high five figures, and in the six figures.

I agree that this must the last year where we could see the bitcoin prices trading below $20k levels. At the same time, I feel like it would be too early to speculate anything about six figures of bitcoin prices. Because, by history, bitcoin might need another halving to test anything beyond $100k levels.

I am personally into accumulating bitcoins for years as I never bother about the trends. Yeah, I have bought bitcoins almost everywhere from 65k to $16k levels in this current cycle.

I think the same, it is possible the price will go below 20k again during this year, as I doubt the bears are going to sit down and do nothing while the market keeps pumping, however I expect that at some point during this year the price will get far enough from that level to the point we will never see it again, so this is the moment to take advantage of the low price as once the next halving takes place and the next bull run begins to take form buying bitcoin will get incredibly expensive for retail investors like us.

Topic: Bottom of the Bear Market...let's accumulate!! (Read 660 times)