I think current Bitcoin price has more to do with inflation and the pandemic than traditional economics. You cant really graph or predict anything in a linear fashion with so many uncertainties going on at the same time.
If you talk about pandemic, I think that whatever effect that the pandemic might have had on the cryptocurrency market is currently over right now. It only affected the market when it started, that was in 2020, but that didn’t really take long before the downtrend was over and the market started to recover again. So, I wouldn’t say that this is something that has to do with pandemic, and moreover a lot of things are already back to normal, and pandemic is no longer preventing or stopping any activities at all from taking place. That’s all I would have to say for now. 
Topic: BTC: is it really bearish? - page 4. (Read 781 times)
Nobody knows what will happen. I was around in 2018 and whenever it dipped, people were saying they bought the bottom and we’re going to sell at a new ATH. Then it dipped again and again and again and then people assumed $6K must be rock solid support until it wasn’t.
Then people assumed $4.5K was the low, until it wasn’t and then it went to like $3.5K and did nothing for many weeks. Many sold out of boredom and it was the low.
So who knows if 2022 will be a repeat.
People will keep on calling it the bottom for now as well, and even if it falls there is nothing wrong with that. Imagine all those people who said 6k was the bottom, if they kept their money they would have made 10x in just 3 years in 2021, how many investments are out there in the world that gives you 10x return in 3 years?Then people assumed $4.5K was the low, until it wasn’t and then it went to like $3.5K and did nothing for many weeks. Many sold out of boredom and it was the low.
So who knows if 2022 will be a repeat.
If they are getting bored from waiting just 3 years, then they should not be investing in the first place. Investing is not a daily thing, trading definitely is so if they are traders they shouldn't have kept their coins for so long and traded daily and shouldn't be losing all that much money. However, if they are investors then they should be not getting "bored of waiting" for 3 years 10x return, even more, like 11x or so.
This is why I keep saying that holding is the easiest and hardest thing ever. You literally do nothing at all, and some people can't do it for some reason, they keep selling and buying when all they have to do is literally nothing.
Nobody knows what will happen. I was around in 2018 and whenever it dipped, people were saying they bought the bottom and we’re going to sell at a new ATH. Then it dipped again and again and again and then people assumed $6K must be rock solid support until it wasn’t.
Then people assumed $4.5K was the low, until it wasn’t and then it went to like $3.5K and did nothing for many weeks. Many sold out of boredom and it was the low.
So who knows if 2022 will be a repeat.
People will keep on calling it the bottom for now as well, and even if it falls there is nothing wrong with that. Imagine all those people who said 6k was the bottom, if they kept their money they would have made 10x in just 3 years in 2021, how many investments are out there in the world that gives you 10x return in 3 years?Then people assumed $4.5K was the low, until it wasn’t and then it went to like $3.5K and did nothing for many weeks. Many sold out of boredom and it was the low.
So who knows if 2022 will be a repeat.
If they are getting bored from waiting just 3 years, then they should not be investing in the first place. Investing is not a daily thing, trading definitely is so if they are traders they shouldn't have kept their coins for so long and traded daily and shouldn't be losing all that much money. However, if they are investors then they should be not getting "bored of waiting" for 3 years 10x return, even more, like 11x or so.
This is why I keep saying that holding is the easiest and hardest thing ever. You literally do nothing at all, and some people can't do it for some reason, they keep selling and buying when all they have to do is literally nothing.
Speaking of bearish moments then its inevitable but its really hard to determine if its the bottom thats why whenever we do see some dumping then we do freak out and this would be mind boggling
whether you do buy in or wait further for you to maximize possible buy entry which this thing makes it more harder.
I think current Bitcoin price has more to do with inflation and the pandemic than traditional economics. You cant really graph or predict anything in a linear fashion with so many uncertainties going on at the same time.
Exactly, with the things going on right now, there are so many factors to consider.
The traditional economics I believe is also not applicable in these challenging times.
We can still use the concept but the situation is largely influence by the pandemic factor.
We are not living in the normal years here or should we say, it is the new normal even in the economic point of view?
BTC for me is still performing good, we are still above 40k.
Remember at the start of pandemic (Jan 2020), the value of btc was only about $7-9k. Just look at the difference.
What do you buy with BTC when USD is worthless?
Nobody knows what will happen. I was around in 2018 and whenever it dipped, people were saying they bought the bottom and we’re going to sell at a new ATH. Then it dipped again and again and again and then people assumed $6K must be rock solid support until it wasn’t.
Then people assumed $4.5K was the low, until it wasn’t and then it went to like $3.5K and did nothing for many weeks. Many sold out of boredom and it was the low.
So who knows if 2022 will be a repeat.
People will keep on calling it the bottom for now as well, and even if it falls there is nothing wrong with that. Imagine all those people who said 6k was the bottom, if they kept their money they would have made 10x in just 3 years in 2021, how many investments are out there in the world that gives you 10x return in 3 years?Then people assumed $4.5K was the low, until it wasn’t and then it went to like $3.5K and did nothing for many weeks. Many sold out of boredom and it was the low.
So who knows if 2022 will be a repeat.
If they are getting bored from waiting just 3 years, then they should not be investing in the first place. Investing is not a daily thing, trading definitely is so if they are traders they shouldn't have kept their coins for so long and traded daily and shouldn't be losing all that much money. However, if they are investors then they should be not getting "bored of waiting" for 3 years 10x return, even more, like 11x or so.
This is why I keep saying that holding is the easiest and hardest thing ever. You literally do nothing at all, and some people can't do it for some reason, they keep selling and buying when all they have to do is literally nothing.
I think current Bitcoin price has more to do with inflation and the pandemic than traditional economics. You cant really graph or predict anything in a linear fashion with so many uncertainties going on at the same time.
Exactly, with the things going on right now, there are so many factors to consider.
The traditional economics I believe is also not applicable in these challenging times.
We can still use the concept but the situation is largely influence by the pandemic factor.
We are not living in the normal years here or should we say, it is the new normal even in the economic point of view?
BTC for me is still performing good, we are still above 40k.
Remember at the start of pandemic (Jan 2020), the value of btc was only about $7-9k. Just look at the difference.
I think current Bitcoin price has more to do with inflation and the pandemic than traditional economics. You cant really graph or predict anything in a linear fashion with so many uncertainties going on at the same time.
Hard to say right now, there are many voices that claim we are already in the next bear market. I don't buy into this new downward trend. It seems more like a correction in the general upwards trend of Bitcoins. Like in your picture I think that prices are still high and bitcoins should be rising again in the near future. There is however a risk that too many people buy into the bearish news and a real panic selling can occur. A big crash is always a downward spiral that can force people even if they still believe in the project.
No matter how the market looks like, even it was bearish, people definitely think and say it was just a price correction. Well, it is not wrong but we sometimes think also that not all the time were in bullish, and can be these declines is might be a sign for another bearish season. I can't make people think the same as me and I was sure that many will disagree with me but there is one thing I would like to say, we better prepare for the incoming. We can never be confident that all the time we are in bullish, not even just to ask for it always...as the market remains volatile, we, therefore, to see those things upwards and downward motions.
Hard to say right now, there are many voices that claim we are already in the next bear market. I don't buy into this new downward trend. It seems more like a correction in the general upwards trend of Bitcoins. Like in your picture I think that prices are still high and bitcoins should be rising again in the near future. There is however a risk that too many people buy into the bearish news and a real panic selling can occur. A big crash is always a downward spiral that can force people even if they still believe in the project. We humans are herd animals that like to follow each other. Seeing many people run for the door can tricker a panic by itself. That's why best to resist and hope bitcoins will bounce back stronger than ever soon.
The market seems to be bearish but we can't really tell how it will go. BTC always bounces back when we least expect it to do so. Most people are going to be caught off guard in the next massive bull run. I hope people are not going to sell off in panic and buy at a higher price.
Whether the market is bearish or bullish, if your target is still for the long term, you should not worry and will buy more amounts in the bearish trends. If your chart says this moment is still bullish but the market shows the red candle, then you should search for more information besides that chart. Maybe you should change the timeline and indicators or find more info about the market conditions. I suggest you still hold your bitcoin and buy more bitcoin to prepare for the other bullish trends.
now it's even up to $42k 
This could make a lot of people even more panicked about this. The correction in the last few weeks is quite interesting because this decline was reported as a result of the opening of 100,000 BTC MtGox some time ago which was indeed indicated to be one of the reasons why bitcoin experienced a decline, besides that now in kazakh is also experiencing a forced power outage and all of us know that kazakh is one of the countries that generate the biggest hashrate for mining
Times like this on where people starts to rattle out and panic which is a really very common behavior.People should have anticipate for these things to happen because its always been a market part of havingThis could make a lot of people even more panicked about this. The correction in the last few weeks is quite interesting because this decline was reported as a result of the opening of 100,000 BTC MtGox some time ago which was indeed indicated to be one of the reasons why bitcoin experienced a decline, besides that now in kazakh is also experiencing a forced power outage and all of us know that kazakh is one of the countries that generate the biggest hashrate for mining
these kind of pullbacks or corrections on which this is rather a good time on considering on buying up cheaper coins instead of freaking out when seeing reds.
Bearish or bullish, people do always have something to say which a very common mindset to have which it isn't surprising.
but indeed things like this are very difficult to happen when the price is dropping significantly all you think about is an asset that has decreased and that's what you think about even though it's not very useful when you just think about it without any real action
Nobody knows what will happen. I was around in 2018 and whenever it dipped, people were saying they bought the bottom and we’re going to sell at a new ATH. Then it dipped again and again and again and then people assumed $6K must be rock solid support until it wasn’t.
Then people assumed $4.5K was the low, until it wasn’t and then it went to like $3.5K and did nothing for many weeks. Many sold out of boredom and it was the low.
So who knows if 2022 will be a repeat.
Then people assumed $4.5K was the low, until it wasn’t and then it went to like $3.5K and did nothing for many weeks. Many sold out of boredom and it was the low.
So who knows if 2022 will be a repeat.
This is only a matter of the timeframe used, because it is not possible for long-term holders to use a 15-minute or one-hour timeframe but at least weekly or even more than that, unlike people who trade daily. they do checks and analyzes in close TF so it is very reasonable if the price decline occurs to say it is bearish.
on the other hand I'm more comfortable saying it as a correction than bearish
on the other hand I'm more comfortable saying it as a correction than bearish
The price correction is currently happening with bitcoin dropping more than $2,000 today and now priced at $45,870. This has been happening since the beginning of the week against some speculation for bull this time. It is still looking bearish on a higher time and I think it causing some hodlers panic.
This could make a lot of people even more panicked about this. The correction in the last few weeks is quite interesting because this decline was reported as a result of the opening of 100,000 BTC MtGox some time ago which was indeed indicated to be one of the reasons why bitcoin experienced a decline, besides that now in kazakh is also experiencing a forced power outage and all of us know that kazakh is one of the countries that generate the biggest hashrate for mining
these kind of pullbacks or corrections on which this is rather a good time on considering on buying up cheaper coins instead of freaking out when seeing reds.
Bearish or bullish, people do always have something to say which a very common mindset to have which it isn't surprising.
Yes. It is really bearish and the primary reason behind that seems to be Omicron based on my research which surprised me since the previous variants actually helped BTC and other cryptocurrencies grow drastically over time.
Historically, the crypto market usually is bullish at this time of the year, but this extremely volatile market doesn't always follow historical patterns.
Historically, the crypto market usually is bullish at this time of the year, but this extremely volatile market doesn't always follow historical patterns.
When the bearish come, you need to inverse good amount of coin. Holding is essential one to get good amount of profit.Patience is needed one among the people. But they failed to use the key tool of holding and bother about the loss.But the inbuilt fact is loss is temporary and profit is permanent.
Market indeed became bearish and for reaching this deep this already higher up the fear level of the people and many still got afraid on the current condition since we know how deep bitcoin go so far from the past but we shouldn't get afraid of this if we are still in profit nor accumulated a profit before since we can buy it again once bitcoin drop badly.
This is only a matter of the timeframe used, because it is not possible for long-term holders to use a 15-minute or one-hour timeframe but at least weekly or even more than that, unlike people who trade daily. they do checks and analyzes in close TF so it is very reasonable if the price decline occurs to say it is bearish.
on the other hand I'm more comfortable saying it as a correction than bearish
on the other hand I'm more comfortable saying it as a correction than bearish
The price correction is currently happening with bitcoin dropping more than $2,000 today and now priced at $45,870. This has been happening since the beginning of the week against some speculation for bull this time. It is still looking bearish on a higher time and I think it causing some hodlers panic.
This could make a lot of people even more panicked about this. The correction in the last few weeks is quite interesting because this decline was reported as a result of the opening of 100,000 BTC MtGox some time ago which was indeed indicated to be one of the reasons why bitcoin experienced a decline, besides that now in kazakh is also experiencing a forced power outage and all of us know that kazakh is one of the countries that generate the biggest hashrate for mining
Yes. It is really bearish and the primary reason behind that seems to be Omicron based on my research which surprised me since the previous variants actually helped BTC and other cryptocurrencies grow drastically over time.
Historically, the crypto market usually is bullish at this time of the year, but this extremely volatile market doesn't always follow historical patterns.
Historically, the crypto market usually is bullish at this time of the year, but this extremely volatile market doesn't always follow historical patterns.
When the bearish come, you need to inverse good amount of coin. Holding is essential one to get good amount of profit.Patience is needed one among the people. But they failed to use the key tool of holding and bother about the loss.But the inbuilt fact is loss is temporary and profit is permanent.
Yes. It is really bearish and the primary reason behind that seems to be Omicron based on my research which surprised me since the previous variants actually helped BTC and other cryptocurrencies grow drastically over time.
Historically, the crypto market usually is bullish at this time of the year, but this extremely volatile market doesn't always follow historical patterns.
Historically, the crypto market usually is bullish at this time of the year, but this extremely volatile market doesn't always follow historical patterns.
When the bearish come, you need to inverse good amount of coin. Holding is essential one to get good amount of profit.Patience is needed one among the people. But they failed to use the key tool of holding and bother about the loss.But the inbuilt fact is loss is temporary and profit is permanent.
Ok, as of late I've been drawing some lines (as practice, mostly), and now I'm more confused than ever. Everybody keeps talking about BTC being bearish, but the lines I drew show it to be on an upwards trend. I'm attaching a screenshot of what I see. The graph is from Binance.
So the magic question would be: what am I missing?
So the magic question would be: what am I missing?
What do you think you are missing? If it looks like a duck, walks like a duck and quacks like a duck - it's usually a duck. What you seem to be wanting is someone to reassure you that the evidence unfolding before you is a lie and you would be foolish to listen to such a person. Over the short term Bitcoin has been trending downwards from it's all time high, there is at least one major investment bank (not that they're particularly good analysts) who say that the current proper price for Bitcoin right now is in the $30-$35k range so there may even be further for it to fall. It may very well bounce upwards at any time, but energy usage concerns are currently turning the mood sour against crypto which might be a hard problem to fix.
Yes. It is really bearish and the primary reason behind that seems to be Omicron based on my research which surprised me since the previous variants actually helped BTC and other cryptocurrencies grow drastically over time.
Historically, the crypto market usually is bullish at this time of the year, but this extremely volatile market doesn't always follow historical patterns.
Historically, the crypto market usually is bullish at this time of the year, but this extremely volatile market doesn't always follow historical patterns.
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