The chart below doesn't really look all that good but if you have been following the price action everyday it feels like there aren't a whole lot of sellers left. So hence the poll.
If we pay attention to the daily trading volume, Bitcoin volume has fallen by about 18%. That volume records the number of buyers and sellers in a full day, meaning that the level of buying and selling Bitcoin transactions is very low for now. If the volume is high, then the level of buying and selling transactions is also high even though the price does not change much. The question is, what are investors waiting for now? It's as if they ignore the crypto exchanges. 
Topic: BTC Sentiment Poll for December (Read 779 times)
December ended and this poll like the market remained half and half which proves nobody really knows what the real sentiment is and people are mainly undecided considering the global economical situation.
Of course global economic condition have affected the market at the moment, but so far a few big investors seem to have filled their pockets with bitcoin. There's a reason why they do it, it's because they know that the cycle will change as the next year progresses. We will remember 2022 as a bloody year for bitcoin, and I don't want 2023 to be another bloody year for bitcoin.Bitcoin cycles will change, and market will recovering, and I have to be optimistic about that. Happy new year to you and everyone.
December ended and this poll like the market remained half and half which proves nobody really knows what the real sentiment is and people are mainly undecided considering the global economical situation.
Of course global economic condition have affected the market at the moment, but so far a few big investors seem to have filled their pockets with bitcoin. There's a reason why they do it, it's because they know that the cycle will change as the next year progresses. We will remember 2022 as a bloody year for bitcoin, and I don't want 2023 to be another bloody year for bitcoin.Bitcoin cycles will change, and market will recovering, and I have to be optimistic about that. Happy new year to you and everyone.
But we must remain in the stance that Bitcoin is still a good asset in the field of investment in the crypto space compared to other coins.
That has never changed and will never change either! For as long as other cryptocurrencies aka altcoins existed they proved to be worse investments compared to bitcoin specially because whenever bitcoin makes a big move they get dumped which is also proving the traders believe this too since they sell these altcoins to go back to bitcoin market.December ended and this poll like the market remained half and half which proves nobody really knows what the real sentiment is and people are mainly undecided considering the global economical situation.
With just a very few days or at least week before the year ends as December is the last month? this is the crucial part of the year , in the previous year we have seen great movement up in these days but now? still struggling to even break 17k again.
Afraid in saying this but looks like there is more dumping will happen before 2022 closes its days .
The price chart is still moving sideways and occasionally dips and then moves again. The market situation can still be said to be struggling amid various incidents that occur, making many investors change their strategies in trading.Afraid in saying this but looks like there is more dumping will happen before 2022 closes its days .
But we must remain in the stance that Bitcoin is still a good asset in the field of investment in the crypto space compared to other coins. Patience is needed while hoping that entering the new year market conditions can recover soon.
https://coinmarketcap.com/currencies/bitcoin/markets/
maybe this time we need to understand that the Bull of 2022 is totally over and we will be bearishing from this to the next 3 years more from now?
but December is day to end and still nothing comes close to increasing .
With just a very few days or at least week before the year ends as December is the last month? this is the crucial part of the year , in the previous year we have seen great movement up in these days but now? still struggling to even break 17k again.
Afraid in saying this but looks like there is more dumping will happen before 2022 closes its days .
The price chart is still moving sideways and occasionally dips and then moves again. The market situation can still be said to be struggling amid various incidents that occur, making many investors change their strategies in trading.Afraid in saying this but looks like there is more dumping will happen before 2022 closes its days .
But we must remain in the stance that Bitcoin is still a good asset in the field of investment in the crypto space compared to other coins. Patience is needed while hoping that entering the new year market conditions can recover soon.
The altcoin market basically did not affect bitcoin, but the crash of several large altcoin projects also had a real impact on the bitcoin market. I honestly hope the bitcoin market will recover soon and investor confidence can improve more, but maybe not for the rest of the year.
Investors and holders have not lost faith in bitcoin, but they tend to be careful with their investment strategy due to current market conditions. The market is still being hit by a lot of FUD, in the case of FTX people are very worried about the possibility of a deeper price drop, so it looks like most are still waiting.I kinda agree with your point, but the current market recovery seems to be taking a bit longer. I don't expect a quick recovery, but I would like to see the price slowly rise.
We are just struggling with the $18k resistance and quite far from the $20k resistance. Many people have been bullish in December, they have 9 days to expect bitcoin to rise, but in my opinion, we will end the year unable to exceed 18k. Yes, we can say that we have reached the final bottom of this year, but I believe the final bottom of the bear season is yet to come. The first half of 2023 could be a more tedious and turbulent year than 2022, and we will see the final bottom of bitcoin, IMO.
I think the bottom has been in for a long time now and we are not going to get a new bottom. We are going to end up with something much easier, something that will not bother us as much as it has bothered the fiat world. We are doing fine and it should recover. Plus we do not know for sure if that 18k deal will happen or not, it could happen in a single day, a 10% increase give or take and we are back above 18k already.I am not expecting it to happen, but if it were to happen it is still not too late and it could very well happen. The x-mas period is not that easy because while there are some extra bonus paid out to workers, there is also reality people spend a lot on celebrating as well.
And if the price can slowly increase this December and penetrate $ 20k, there is a possibility that next year will bring new hope for us to see the price of bitcoin going higher even though another decline could still occur. At least this can bring joy to us, especially the people waiting for the bitcoin price to rise above $ 20k. And let's hope that the current price is a floor price for bitcoin and won't decline any further because if it does happen again, we will have to wait a little longer to see the bitcoin price increase start to come.
the hopes of hitting its current $20k price into the new year are very strong indeed. But that also depends on how the market is, and also some of the FUD that is spread will hinder the market growth.and positive news about SBF's arrest also gave positive sentiment to the market.
Hopefully, this time bitcoin can reach its highest price and this sata price becomes the bottom price. Bitcoin currently still needs to break through $17k, $18k and $19k, as there have been some pretty strong recessions.
https://coinmarketcap.com/currencies/bitcoin/markets/
that is even lower to the price when December starts so I think we are going to see another low in the coming days but hopefully not that bad in 2023.
With just a very few days or at least week before the year ends as December is the last month? this is the crucial part of the year , in the previous year we have seen great movement up in these days but now? still struggling to even break 17k again.
Afraid in saying this but looks like there is more dumping will happen before 2022 closes its days .
Afraid in saying this but looks like there is more dumping will happen before 2022 closes its days .
Voted "NO", from my personal view in bitcoin price Im still waiting for more drop below 14k and like I said in some comments in related threads btc price not yet reached the -85% down from the top like previous bear markets did, if this price fall at below $14k then the bottom is possibly meet or we are very near so lets wait patiently if this will happen.
with 3 weeks more now , do you think that this is enough for bitcoin price to drop more again? we have seen the lowest in October but what more to happen in December but I guess we are near the end and still comes to nothing following that fall.I believe that this is the lowest and there might be coming pump in the following weeks.
If that's just a prediction for this December, then it's doubtful that bitcoin could fall any further, after several days of plunging, the market needs at least a slight bounce before continuing to decline. But in the long term, or ask the bottom at the end of this bear season, I also believe bitcoin will have a drop below $12k. The market will crash again soon, and I don't know what will cause it to do so, but I predict it will be something like the FTX crash.
December sentiment will be more bearish that what we have in October and November .
and with so much happening in the world economy now? wondering what would be the faith for bitocin at least this year and even in the next .
Many people are confident that the FTX drama is over, but in my opinion, it is just the beginning of a chain of collapses ahead that we will face. As always, the market will not crash continuously but will have a period of recovery and then continue to be pushed lower. This is how the market tortures us until we get really depressed and believe that the market will not rise again then the market will recover. To me, what is happening in the market is just a psychological game, whoever perseveres to the end will be the winner.
FTX is indeed will last for at least till 2023 and that is what i can see here.
though We all must have a second plan if we fails to have this years target and mostly is to Holding as 2023 says more volatile and bearish than 2022.
the vote is coming to Light and it is NO , we are almost 2 weeks before the December ends and while the market is still struggling to break 20k yet it is strongly holding the 16-18k in which enough reason for me to believe that December had already have its Bottom.
the vote is coming to Light and it is NO , we are almost 2 weeks before the December ends and while the market is still struggling to break 20k yet it is strongly holding the 16-18k in which enough reason for me to believe that December had already have its Bottom.
We are just struggling with the $18k resistance and quite far from the $20k resistance. Many people have been bullish in December, they have 9 days to expect bitcoin to rise, but in my opinion, we will end the year unable to exceed 18k. Yes, we can say that we have reached the final bottom of this year, but I believe the final bottom of the bear season is yet to come. The first half of 2023 could be a more tedious and turbulent year than 2022, and we will see the final bottom of bitcoin, IMO.
Most of the people who are still here now are long term holders, and I find myself different from the others because I don't want bitcoin to go up but just hope bitcoin will drop more. Crisis, bitcoin in bear season, these are rare and should be viewed as an opportunity to accumulate cheaply rather than expect a quick recovery. Unless people are buying at a high price and waiting to sell to get their capital back, if people are long term investor, people should feel excited when there is a big opportunity.
You are right, we are long-term holders, and the bear season only comes once every 4 years (if history repeats itself), and with an economic crisis occurring once every 12-15 years, this is a rare opportunity more than fear. Bitcoin is under 20k, and this reminds me of 2018 when bitcoin was at 3k, we will never get a chance to see 3k bitcoins again, and if we don't buy bitcoin now, by 2025, we will have the same regrets.
This is probably the last time we see bitcoin under $20k, take advantage while we still have a chance.
And if the price can slowly increase this December and penetrate $ 20k, there is a possibility that next year will bring new hope for us to see the price of bitcoin going higher even though another decline could still occur. At least this can bring joy to us, especially the people waiting for the bitcoin price to rise above $ 20k. And let's hope that the current price is a floor price for bitcoin and won't decline any further because if it does happen again, we will have to wait a little longer to see the bitcoin price increase start to come.
the hopes of hitting its current $20k price into the new year are very strong indeed. But that also depends on how the market is, and also some of the FUD that is spread will hinder the market growth.Nah, it's not that strong and I highly doubt that we can rise $4k in quick amount of time in this kind of market situations. It took us weeks to climb from $15k to $18k, so there's o way that we can do that right now in matter of days or before the end of the year to reach $20k.
and positive news about SBF's arrest also gave positive sentiment to the market.
Hopefully, this time bitcoin can reach its highest price and this sata price becomes the bottom price. Bitcoin currently still needs to break through $17k, $18k and $19k, as there have been some pretty strong recessions.
Hopefully, this time bitcoin can reach its highest price and this sata price becomes the bottom price. Bitcoin currently still needs to break through $17k, $18k and $19k, as there have been some pretty strong recessions.
Effects are already price in when I say that we rose to $18k. But when there is a Binance FUD the market plummet and goes down to $16,700 and that's where we are going to stand up to the end of the year.
And if the price can slowly increase this December and penetrate $ 20k, there is a possibility that next year will bring new hope for us to see the price of bitcoin going higher even though another decline could still occur. At least this can bring joy to us, especially the people waiting for the bitcoin price to rise above $ 20k. And let's hope that the current price is a floor price for bitcoin and won't decline any further because if it does happen again, we will have to wait a little longer to see the bitcoin price increase start to come.
the hopes of hitting its current $20k price into the new year are very strong indeed. But that also depends on how the market is, and also some of the FUD that is spread will hinder the market growth.and positive news about SBF's arrest also gave positive sentiment to the market.
Hopefully, this time bitcoin can reach its highest price and this sata price becomes the bottom price. Bitcoin currently still needs to break through $17k, $18k and $19k, as there have been some pretty strong recessions.
though We all must have a second plan if we fails to have this years target and mostly is to Holding as 2023 says more volatile and bearish than 2022.
the vote is coming to Light and it is NO , we are almost 2 weeks before the December ends and while the market is still struggling to break 20k yet it is strongly holding the 16-18k in which enough reason for me to believe that December had already have its Bottom.
the vote is coming to Light and it is NO , we are almost 2 weeks before the December ends and while the market is still struggling to break 20k yet it is strongly holding the 16-18k in which enough reason for me to believe that December had already have its Bottom.
We are just struggling with the $18k resistance and quite far from the $20k resistance. Many people have been bullish in December, they have 9 days to expect bitcoin to rise, but in my opinion, we will end the year unable to exceed 18k. Yes, we can say that we have reached the final bottom of this year, but I believe the final bottom of the bear season is yet to come. The first half of 2023 could be a more tedious and turbulent year than 2022, and we will see the final bottom of bitcoin, IMO.
Most of the people who are still here now are long term holders, and I find myself different from the others because I don't want bitcoin to go up but just hope bitcoin will drop more. Crisis, bitcoin in bear season, these are rare and should be viewed as an opportunity to accumulate cheaply rather than expect a quick recovery. Unless people are buying at a high price and waiting to sell to get their capital back, if people are long term investor, people should feel excited when there is a big opportunity.
So for me, we just have to face the music at the end of 2022 that we can't get over that big support line of $20k. The best we can have right now is $16k.
$16K doesn't seem like strong support during December, I still might expect $15K to be a new support during the end of this year. However there is no harm in hoping something good like a price jump to $18K to $20K could happen before the new year, it is always possible and nothing is impossible. I'm just inclined to think that this sideway will last longer into the new year, just a guess.There are celebrations and holidays ahead, so a slight dip or correction may occur due to some sales. Not to worry too much, I won't get to that stage even if bitcoin down to $14K.
though We all must have a second plan if we fails to have this years target and mostly is to Holding as 2023 says more volatile and bearish than 2022.
the vote is coming to Light and it is NO , we are almost 2 weeks before the December ends and while the market is still struggling to break 20k yet it is strongly holding the 16-18k in which enough reason for me to believe that December had already have its Bottom.
the vote is coming to Light and it is NO , we are almost 2 weeks before the December ends and while the market is still struggling to break 20k yet it is strongly holding the 16-18k in which enough reason for me to believe that December had already have its Bottom.
We are just struggling with the $18k resistance and quite far from the $20k resistance. Many people have been bullish in December, they have 9 days to expect bitcoin to rise, but in my opinion, we will end the year unable to exceed 18k. Yes, we can say that we have reached the final bottom of this year, but I believe the final bottom of the bear season is yet to come. The first half of 2023 could be a more tedious and turbulent year than 2022, and we will see the final bottom of bitcoin, IMO.
We simply can't just penetrate $20k at the end of the year. Buyers are exhausted already, and then we have the sellers or most probably short term traders who sell when the price peak at $18k pulling the price down again.
So for me, we just have to face the music at the end of 2022 that we can't get over that big support line of $20k. The best we can have right now is $16k.
Better to acknowledged that this bear market is one if not the worst year for all of us.
though We all must have a second plan if we fails to have this years target and mostly is to Holding as 2023 says more volatile and bearish than 2022.
the vote is coming to Light and it is NO , we are almost 2 weeks before the December ends and while the market is still struggling to break 20k yet it is strongly holding the 16-18k in which enough reason for me to believe that December had already have its Bottom.
the vote is coming to Light and it is NO , we are almost 2 weeks before the December ends and while the market is still struggling to break 20k yet it is strongly holding the 16-18k in which enough reason for me to believe that December had already have its Bottom.
We are just struggling with the $18k resistance and quite far from the $20k resistance. Many people have been bullish in December, they have 9 days to expect bitcoin to rise, but in my opinion, we will end the year unable to exceed 18k. Yes, we can say that we have reached the final bottom of this year, but I believe the final bottom of the bear season is yet to come. The first half of 2023 could be a more tedious and turbulent year than 2022, and we will see the final bottom of bitcoin, IMO.
though We all must have a second plan if we fails to have this years target and mostly is to Holding as 2023 says more volatile and bearish than 2022.
the vote is coming to Light and it is NO , we are almost 2 weeks before the December ends and while the market is still struggling to break 20k yet it is strongly holding the 16-18k in which enough reason for me to believe that December had already have its Bottom.
We are just struggling with the $18k resistance and quite far from the $20k resistance. Many people have been bullish in December, they have 9 days to expect bitcoin to rise, but in my opinion, we will end the year unable to exceed 18k. Yes, we can say that we have reached the final bottom of this year, but I believe the final bottom of the bear season is yet to come. The first half of 2023 could be a more tedious and turbulent year than 2022, and we will see the final bottom of bitcoin, IMO.
Well, it's been two thirds of a month already, but for the little that's left, and early next year, we're going to be bored, very bored. Unless we have one more exchange going bust or news like that, in which case the price would fall, or we have good news, which is unlikely, we are going to stay in the boring $17k-$20k or so band.
Lmao yeah. Where are those guys who were saying that we'd be having a Santa Claus pump this month? It def doesn't look like Santa will be obliging us. 
But in all seriousness the final FED desperate attempts to handle inflation should start stabilizing the economy since their interest rate manipulation is not going to have any effects anymore so the inflation can naturally grow and reach its realistic value while recession also solidifies in US economy. Then we can start seeing bitcoin market go back to normal.
though We all must have a second plan if we fails to have this years target and mostly is to Holding as 2023 says more volatile and bearish than 2022.
the vote is coming to Light and it is NO , we are almost 2 weeks before the December ends and while the market is still struggling to break 20k yet it is strongly holding the 16-18k in which enough reason for me to believe that December had already have its Bottom.
Well, it's been two thirds of a month already, but for the little that's left, and early next year, we're going to be bored, very bored. Unless we have one more exchange going bust or news like that, in which case the price would fall, or we have good news, which is unlikely, we are going to stay in the boring $17k-$20k or so band.
Lmao yeah. Where are those guys who were saying that we'd be having a Santa Claus pump this month? It def doesn't look like Santa will be obliging us.
But then again we still have 11 days til the end of the month. Anything can still happen. But for now, everything looks meh. But all it takes is a little trend going up for a couple of weeks then we start becoming bullish again.
LOL, Santa is busy pumping different things than focusing on Bitcoin. Seriously we will be having yearly close which means a possible relief or dump harder is what’s next on the remaining days of December. I agree on PP that the price will just be on that boring range until January but I’m expecting a dip during the first quarter of the next year since there’s still no good news about inflation while Binance FUD might stirred a little bit more.
Having a bull run on this remaining days of December is very hard to achieve aside from relief. I believe a double bottom on 10k is what I want to see before I believe that real bull run will come.
Well, it's been two thirds of a month already, but for the little that's left, and early next year, we're going to be bored, very bored. Unless we have one more exchange going bust or news like that, in which case the price would fall, or we have good news, which is unlikely, we are going to stay in the boring $17k-$20k or so band.
Lmao yeah. Where are those guys who were saying that we'd be having a Santa Claus pump this month? It def doesn't look like Santa will be obliging us.
But then again we still have 11 days til the end of the month. Anything can still happen. But for now, everything looks meh. But all it takes is a little trend going up for a couple of weeks then we all start becoming more bullish again.
As for the poll it looks like the guys who voted 'yes' are still right. Locking the poll now...
Well, it's been two thirds of a month already, but for the little that's left, and early next year, we're going to be bored, very bored. Unless we have one more exchange going bust or news like that, in which case the price would fall, or we have good news, which is unlikely, we are going to stay in the boring $17k-$20k or so band.
I am expecting the price of Bitcoin to stay between 15k and 18k this month.
It will probably continue going sideways during January, the price may have a chance to increase after the winter is over and the economy in the northern hemisphere warns up. More people will have more chances to invest after they can forget about keeping themselves warm during the season.
I am aiming for a stable mid year in 2023, implying no major exchange collapses again.
Sounds legit mate , because indeed that 15k is the bottom and maybe that 18 is the highest we can get though there are still plenty of days left before we close this 2022.It will probably continue going sideways during January, the price may have a chance to increase after the winter is over and the economy in the northern hemisphere warns up. More people will have more chances to invest after they can forget about keeping themselves warm during the season.
I am aiming for a stable mid year in 2023, implying no major exchange collapses again.
maybe 20k can be considered since there are mostly good things coming when December starts to end?
I am expecting the price of Bitcoin to stay between 15k and 18k this month.
It will probably continue going sideways during January, the price may have a chance to increase after the winter is over and the economy in the northern hemisphere warns up. More people will have more chances to invest after they can forget about keeping themselves warm during the season.
I am aiming for a stable mid year in 2023, implying no major exchange collapses again.
Since the FUD about Binance a while back, I also thought that the Bitcoin price this December would continue to move sideways and a possible scenario that the price would stay between 15K and 18K.It will probably continue going sideways during January, the price may have a chance to increase after the winter is over and the economy in the northern hemisphere warns up. More people will have more chances to invest after they can forget about keeping themselves warm during the season.
I am aiming for a stable mid year in 2023, implying no major exchange collapses again.
The highest spike in Bitcoin price this week was $18,xxx and after that the price went down slowly. Nonetheless, we still strongly believe that Bitcoin's future journey is unshakable amidst the various FUDs played by market participants.
I am expecting the price of Bitcoin to stay between 15k and 18k this month.
It will probably continue going sideways during January, the price may have a chance to increase after the winter is over and the economy in the northern hemisphere warns up. More people will have more chances to invest after they can forget about keeping themselves warm during the season.
I am aiming for a stable mid year in 2023, implying no major exchange collapses again.
It will probably continue going sideways during January, the price may have a chance to increase after the winter is over and the economy in the northern hemisphere warns up. More people will have more chances to invest after they can forget about keeping themselves warm during the season.
I am aiming for a stable mid year in 2023, implying no major exchange collapses again.
I don't know what the ones who said no really thinks we could see. I mean we are already at a very low price and we have dropped even further recently, isn't that enough to understand? I am not saying that this the only way or anything but it is certainly not a great way to invest if you keep thinking it will constantly go down.
I believe it has seen the bottom and it will go up, there is no way that we are going to even further down, it is a good situation to be and we shouldn't be constantly think about the possibility of a drop. I mean being ready for it is something else, have a stop loss if you want, but expecting it versus being ready for it are different things.
I believe it has seen the bottom and it will go up, there is no way that we are going to even further down, it is a good situation to be and we shouldn't be constantly think about the possibility of a drop. I mean being ready for it is something else, have a stop loss if you want, but expecting it versus being ready for it are different things.
Some of the time, it's just guys who hope for the market to go down some more so they can buy more for the same amount of money. I'd be lying if I said I didn't want that. At other times, it's also some guys who bought around 30k, sold at a loss at around 18k or somewhere near the lows, realized they made a mistake and now want to buy back lower. I'd also be lying if I didn't make this mistake before. Lol.
Back in the day, I also used to fud my own bags for the lulz because I was frustrated.
It's so funny thinking about it now. So immature...on what we had done in the past and on the time we do remember it then we do just simply smile and realize on how dumb we are into those newbie days or moments.
For now on the time that we had been that aware at least then we do know on what we would gonna do but there are still indeed times that we do boggle still our mind and
emotion and still have a hard time on making up some on point decisions basing on the current market conditions.
I don't know what the ones who said no really thinks we could see. I mean we are already at a very low price and we have dropped even further recently, isn't that enough to understand? I am not saying that this the only way or anything but it is certainly not a great way to invest if you keep thinking it will constantly go down.
I believe it has seen the bottom and it will go up, there is no way that we are going to even further down, it is a good situation to be and we shouldn't be constantly think about the possibility of a drop. I mean being ready for it is something else, have a stop loss if you want, but expecting it versus being ready for it are different things.
I believe it has seen the bottom and it will go up, there is no way that we are going to even further down, it is a good situation to be and we shouldn't be constantly think about the possibility of a drop. I mean being ready for it is something else, have a stop loss if you want, but expecting it versus being ready for it are different things.
Some of the time, it's just guys who hope for the market to go down some more so they can buy more for the same amount of money. I'd be lying if I said I didn't want that. At other times, it's also some guys who bought around 30k, sold at a loss at around 18k or somewhere near the lows, realized they made a mistake and now want to buy back lower. I'd also be lying if I didn't make this mistake before. Lol.
Back in the day, I also used to fud my own bags for the lulz because I was frustrated.
It's so funny thinking about it now. So immature...We all have made the same mistakes back in the day, immature yeah, maybe inexperience is the right term because we are at lost and we didn't know what to do. Of course, we have heard of the HODL mentality, but we didnt' know that in practice until we really get a chance to go to a whole bitcoin cycle and got that experience.
And so far, after hitting that $18k, price falters and goes down again to$16k'ish because of the Binance FUD.
With that I think that will be the price this end of the year.
As I always say, bitcoin is not correlated with any other market but it is affected by the global economy. This is why we are still seeing a weird struggle to go back above $20k.
Of course, global economic conditions would make more sense to be credited as the reason why bitcoin's price is having a hard time breaking the $20K resistance. However, economic conditions won't be the only reason why it's been tough, after all the crashes Luna and FTX also contributed to why prices have had a hard to recovering.The altcoin market basically did not affect bitcoin, but the crash of several large altcoin projects also had a real impact on the bitcoin market. I honestly hope the bitcoin market will recover soon and investor confidence can improve more, but maybe not for the rest of the year.
I don't know what the ones who said no really thinks we could see. I mean we are already at a very low price and we have dropped even further recently, isn't that enough to understand? I am not saying that this the only way or anything but it is certainly not a great way to invest if you keep thinking it will constantly go down.
I believe it has seen the bottom and it will go up, there is no way that we are going to even further down, it is a good situation to be and we shouldn't be constantly think about the possibility of a drop. I mean being ready for it is something else, have a stop loss if you want, but expecting it versus being ready for it are different things.
I believe it has seen the bottom and it will go up, there is no way that we are going to even further down, it is a good situation to be and we shouldn't be constantly think about the possibility of a drop. I mean being ready for it is something else, have a stop loss if you want, but expecting it versus being ready for it are different things.
Some of the time, it's just guys who hope for the market to go down some more so they can buy more for the same amount of money. I'd be lying if I said I didn't want that. At other times, it's also some guys who bought around 30k, sold at a loss at around 18k or somewhere near the lows, realized they made a mistake and now want to buy back lower. I'd also be lying if I didn't make this mistake before. Lol.
Back in the day, I also used to fud my own bags for the lulz because I was frustrated.
It's so funny thinking about it now. So immature...
I don't know what the ones who said no really thinks we could see. I mean we are already at a very low price and we have dropped even further recently, isn't that enough to understand? I am not saying that this the only way or anything but it is certainly not a great way to invest if you keep thinking it will constantly go down.
I believe it has seen the bottom and it will go up, there is no way that we are going to even further down, it is a good situation to be and we shouldn't be constantly think about the possibility of a drop. I mean being ready for it is something else, have a stop loss if you want, but expecting it versus being ready for it are different things.
I believe it has seen the bottom and it will go up, there is no way that we are going to even further down, it is a good situation to be and we shouldn't be constantly think about the possibility of a drop. I mean being ready for it is something else, have a stop loss if you want, but expecting it versus being ready for it are different things.
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Yeah and don't forget about the war still in EU, it could have been the biggest effect for us since the beginning of this yeare.
I also do agree that $20k is the biggest support we have so far but due to the FTX collapse, that support also crumbles. So it's good to see if we can reach that price again, hopefully at the end of the year. Although not good to see that once we reach $18,300 there was a lot of selling moving the price back to $17,700.
Unfortunately a lot of negative things are happening in the world these days. Russia just armed its ICBM with nuclear warheads looking to target EU and US. Meanwhile the protests across Europe is expanding and in some countries like UK the strikes are getting worse that are "halting" the economy.I also do agree that $20k is the biggest support we have so far but due to the FTX collapse, that support also crumbles. So it's good to see if we can reach that price again, hopefully at the end of the year. Although not good to see that once we reach $18,300 there was a lot of selling moving the price back to $17,700.
As I always say, bitcoin is not correlated with any other market but it is affected by the global economy. This is why we are still seeing a weird struggle to go back above $20k.
Yes, there are still correlation from what is going around us with bitcoin market, it's unfortunate, but how everything operate in this world.
And the struggle will continue up to next year, unless something positive unforseen will happen, like the opposite of black swan to turn the market around and reach $20k. Maybe this event will come, maybe not in 2023 as we are still in the middle of a long 3 year bear market.
Yeah and don't forget about the war still in EU, it could have been the biggest effect for us since the beginning of this yeare.
I also do agree that $20k is the biggest support we have so far but due to the FTX collapse, that support also crumbles. So it's good to see if we can reach that price again, hopefully at the end of the year. Although not good to see that once we reach $18,300 there was a lot of selling moving the price back to $17,700.
Unfortunately a lot of negative things are happening in the world these days. Russia just armed its ICBM with nuclear warheads looking to target EU and US. Meanwhile the protests across Europe is expanding and in some countries like UK the strikes are getting worse that are "halting" the economy.I also do agree that $20k is the biggest support we have so far but due to the FTX collapse, that support also crumbles. So it's good to see if we can reach that price again, hopefully at the end of the year. Although not good to see that once we reach $18,300 there was a lot of selling moving the price back to $17,700.
As I always say, bitcoin is not correlated with any other market but it is affected by the global economy. This is why we are still seeing a weird struggle to go back above $20k.
Yes, there are still correlation from what is going around us with bitcoin market, it's unfortunate, but how everything operate in this world.
And the struggle will continue up to next year, unless something positive unforseen will happen, like the opposite of black swan to turn the market around and reach $20k. Maybe this event will come, maybe not in 2023 as we are still in the middle of a long 3 year bear market.
Not much hope for December, although inflation has eased or interest rates have begun to slow. But overall, the world is still in turmoil, with no sign that the war will stop or the energy crisis will not continue. All of this suffices to say that the market hasn't gotten better yet, I believe we haven't made a bottom yet.
^ True... Unless one of the biggest exchanges left go under. Which could happen but then again the sell down wouldn't be as huge as we think as what we've already seen with FTX. I think it would take Binance going under to make BTC drop way below 15k imho. Other exchanges, not so much.
Here's the top exchanges as listed in CMC.
https://coinmarketcap.com/rankings/exchanges/
I think the top 5 is solid. So I don't think we should have anything to worry about.
Edit: I'm locking the poll in a couple of days.
Here's the top exchanges as listed in CMC.
https://coinmarketcap.com/rankings/exchanges/
I think the top 5 is solid. So I don't think we should have anything to worry about.
Edit: I'm locking the poll in a couple of days.
I believe the lows in the current cycle represent a bottom. The selling wave has already peaked as all crypto companies threatened with bankruptcy have gone bankrupt and i don't think BTC will see selling pressure after that. Being part of the liquidity crisis, these companies had to sell their most liquid assets. Among these assets was Bitcoin. Meanwhile, these companies are at a stage where they can no longer sell BTC before they completely disappear from the market. Therefore we may be close to the days when the cycle will change.
Yeah and don't forget about the war still in EU, it could have been the biggest effect for us since the beginning of this yeare.
I also do agree that $20k is the biggest support we have so far but due to the FTX collapse, that support also crumbles. So it's good to see if we can reach that price again, hopefully at the end of the year. Although not good to see that once we reach $18,300 there was a lot of selling moving the price back to $17,700.
Unfortunately a lot of negative things are happening in the world these days. Russia just armed its ICBM with nuclear warheads looking to target EU and US. Meanwhile the protests across Europe is expanding and in some countries like UK the strikes are getting worse that are "halting" the economy.I also do agree that $20k is the biggest support we have so far but due to the FTX collapse, that support also crumbles. So it's good to see if we can reach that price again, hopefully at the end of the year. Although not good to see that once we reach $18,300 there was a lot of selling moving the price back to $17,700.
As I always say, bitcoin is not correlated with any other market but it is affected by the global economy. This is why we are still seeing a weird struggle to go back above $20k.
Things are just like previous months without any change. We are not in a bear market nor a bull market. And the price is not going to go down unless some negative event takes place like FTX crap that happened and caused a drop or the Russian invasion that was the beginning of all this.
In short if nothing changes we will continue seeing sideways with a little rise...
I have to say that price will not go down, but it's not like it's going up neither. By the looks of it, we are going to probably live a very calm month and the price will stay the same for sure. I am not saying that's the best thing neither, maybe that's good or maybe that's bad, but that is what we are going to end up living in for sure.In short if nothing changes we will continue seeing sideways with a little rise...
This is why I made all my financial arrangements according to what we have been living currently and as if we are going to end up with the same price range for the rest of the month. If I am somehow wrong and it moves up or down too much I will be fine, I am a long term investor but it wouldn't really be a great deal.
Yeah and don't forget about the war still in EU, it could have been the biggest effect for us since the beginning of this year.
I also do agree that $20k is the biggest support we have so far but due to the FTX collapse, that support also crumbles. So it's good to see if we can reach that price again, hopefully at the end of the year. Although not good to see that once we reach $18,300 there was a lot of selling moving the price back to $17,700.
It can be said that December is better than November, although November has touched $ 22k, but if we look at the daily transaction trends that occurred in December, we deserve to be optimistic that the December is the beginning of the bull run, maybe before April 2023 the price has already been touch $ 30k.
$18,303 seems to be the highest price at this time starting from December 1. We will see later at the end of December that Bitcoin will be at what price. If it succeeds in the price of $20K, then the beginning in my opinion will occur in mid -2023 and the price of $20K is the appropriate support point.If we see the market conditions have begun to improve in the last few days. Of course we hope that this week there will be positive changes in price charts.
It can be said that December is better than November, although November has touched $ 22k, but if we look at the daily transaction trends that occurred in December, we deserve to be optimistic that the December is the beginning of the bull run, maybe before April 2023 the price has already been touch $ 30k.
Really hard to make out conclusions if we do currently saw the current price as of this moment.You cant really make out connections and make those presumptions that on each year where prices on every month would really be the same.
Yes, we could or might really see some patterns but its not something a solid thing which you could really assume that it would be happening on next year.
This do really proves out that this market is really something random and cant really be predicted way ahead.
For now the price is starting to make out some increase but in small percentage, cant still remove the possibilities of dipping.
Things are just like previous months without any change. We are not in a bear market nor a bull market. And the price is not going to go down unless some negative event takes place like FTX crap that happened and caused a drop or the Russian invasion that was the beginning of all this.
In short if nothing changes we will continue seeing sideways with a little rise...
I have to say that price will not go down, but it's not like it's going up neither. By the looks of it, we are going to probably live a very calm month and the price will stay the same for sure. I am not saying that's the best thing neither, maybe that's good or maybe that's bad, but that is what we are going to end up living in for sure.In short if nothing changes we will continue seeing sideways with a little rise...
This is why I made all my financial arrangements according to what we have been living currently and as if we are going to end up with the same price range for the rest of the month. If I am somehow wrong and it moves up or down too much I will be fine, I am a long term investor but it wouldn't really be a great deal.
Things are just like previous months without any change. We are not in a bear market nor a bull market. And the price is not going to go down unless some negative event takes place like FTX crap that happened and caused a drop or the Russian invasion that was the beginning of all this.
In short if nothing changes we will continue seeing sideways with a little rise...
I have to say that price will not go down, but it's not like it's going up neither. By the looks of it, we are going to probably live a very calm month and the price will stay the same for sure. I am not saying that's the best thing neither, maybe that's good or maybe that's bad, but that is what we are going to end up living in for sure.In short if nothing changes we will continue seeing sideways with a little rise...
This is why I made all my financial arrangements according to what we have been living currently and as if we are going to end up with the same price range for the rest of the month. If I am somehow wrong and it moves up or down too much I will be fine, I am a long term investor but it wouldn't really be a great deal.
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I voted no, but I feel we are more close to bottom compared to November for sure. Bitcoin bears are running out of gas in my opinion and everything will suddenly look far better than usual in couple of months or weeks. But we need more patience guys.
I agree with you, we just need to be patient and not get too fussy, but it will be very difficult for people who are looking for profits shortly in Bitcoin, people like us who buy Bitcoin for the long term will certainly not pay attention to the market, and do not care about rejection the market at a time like this, the cheaper the bitcoin, the more we can buy, we only think about long-term accumulation.
Current Bitcoin sentiment Sideway we can indeed recover to 17k but yes that's not enough to say the price is safe on the chart, but if you want to accumulate Bitcoin for 1-10 years, don't pay too much attention to things like that.
If Bitcoin continues its 4 years cycle, we have not achieved the bottom price and we're not close either to the bottom either because BTC is always downtrend at least 80%- 85% of its ATH price. We need to wait until we see the next year's market trend before we what's really happening if BTC still replicates its 4years cycle.
@BigBos people who invested in Bitcoin for the long term also need to pay attention to the market because the market is full of possibilities and can present a new opportunity anytime.
Has BTC finally hit this bear market's bottom?
no
no
Things are just like previous months without any change. We are not in a bear market nor a bull market. And the price is not going to go down unless some negative event takes place like FTX crap that happened and caused a drop or the Russian invasion that was the beginning of all this.
In short if nothing changes we will continue seeing sideways with a little rise...
In short if nothing changes we will continue seeing sideways with a little rise...
I voted no, but I feel we are more close to bottom compared to November for sure. Bitcoin bears are running out of gas in my opinion and everything will suddenly look far better than usual in couple of months or weeks. But we need more patience guys.
I agree with you, we just need to be patient and not get too fussy, but it will be very difficult for people who are looking for profits shortly in Bitcoin, people like us who buy Bitcoin for the long term will certainly not pay attention to the market, and do not care about rejection the market at a time like this, the cheaper the bitcoin, the more we can buy, we only think about long-term accumulation.
Current Bitcoin sentiment Sideway we can indeed recover to 17k but yes that's not enough to say the price is safe on the chart, but if you want to accumulate Bitcoin for 1-10 years, don't pay too much attention to things like that.
Although every previous month I have waited for a bounce and never guessed, I would be happy to be wrong about December as well.
Don't be too hopeful for the month of December because it usually don't have bounce up but lower lows. So except you are expecting a down for the month so that before the year run out you will take the opportunity to enter. However this year may be different because by now we are suppose to be in red till the ending of the first quarter of next year because of the activities of December and busy btc withdrawal.
There is no record in history that the price of Bitcoin has fallen. Because 35 to 40% opportunity is created for people or investors to invest. BTC hasn't gotten so cheap that it wants to get any cheaper. But a new opportunity has been created for people to invest, but if you can invest now, you will definitely be at the peak of simplicity here. But if such opportunities do not arise later, this is enough time to invest.
Of course at record Bitcoin prices, December was not a good month for crypto. But there are always surprises before closing year-end prices. If we want to take part of that, of course we have to do it fast, and get out fast. Because crypto will make a new comeback at the end of Q1.
A comeback is still possible for Bitcoin, but considering the price is still at $17K at the moment. I'll still be waiting for a price increase in Bitcoin before entering Q1 next year, because the current price range is still in the very cheap category in my opinion so buying and waiting for a better price than now won't be wrong either because it's a good option to do now The chart below doesn't really look all that good but if you have been following the price action everyday it feels like there aren't a whole lot of sellers left. So hence the poll.
In every month there are always surprises that happen with Bitcoin. Bullish and bearish are two things that cannot be separated. November was not so good in terms of crypto changes, but the surprise remained with the price increase reaching $21.5k from $19k. But if we pay attention to December, of course this will also happen. Bitcoin's current state is clear that the small pump is starting. Price change from $16.4k to $17k.Less likely that it will happen in December. As I recall, December is always a bear month. Maybe a few spikes here and there but mostly bears. Maybe, if there is a spike in price, that will happen before the Holiday and then a downtrend from there. I would be surprised if we end up in green from the previous month. But that is just me speculating from experience, maybe the technical side have better news or views from me.
It can be said that December is better than November, although November has touched $ 22k, but if we look at the daily transaction trends that occurred in December, we deserve to be optimistic that the December is the beginning of the bull run, maybe before April 2023 the price has already been touch $ 30k.
Is it really the beginning of the bull run tho? I could see the logic for saying that we could be at the bottom or near it but the beginning of a new bull market? Nah. Usually we see a lot of side ways action and a lot of people start to get bored and sell their bags instead of slowly buying bit by bit and have a decent bag before the next bull run.
Anyway, the poll is close 9 votes says we have hit bottom and with 12 expecting another sell down. There could be a sell down but as I've been saying, it might not be that huge.
I voted no, but I feel we are more close to bottom compared to November for sure. Bitcoin bears are running out of gas in my opinion and everything will suddenly look far better than usual in couple of months or weeks. But we need more patience guys. Even poll says something, result is no but, yes voters are getting higher in numbers, which means only 1-2 good news about Bitcoin will light markets all green, for Bitcoin and all other altcoins.
It can be said that December is better than November, although November has touched $ 22k, but if we look at the daily transaction trends that occurred in December, we deserve to be optimistic that the December is the beginning of the bull run, maybe before April 2023 the price has already been touch $ 30k.
Investors are stockpiling bitcoin and the underlying blockchain technology, but transaction speeds are too slow to keep up with the growing demand. Bitcoin going up so fast that it exponentially increases the number of hoarders. When prices drop, many of these people start selling to pay their bills while others panic and sell just to get out quickly and possibly for a profit. This is what is called a thorough sell for many people investing, at least enough to influence the market.
I believe that the FTX drama is over, and the contagion is not affecting other companies that much anymore compared to where it was when FTX scam is at its peak. Gemini stopped their earn program, not that much effect on the market. BlockFi filed for Chapter 11, not that much effect on the market. In the future, there might be some companies who will get affected by the FTX scam but it's effect to the market is only little to none. I believe that we've seen the bottom already and I think we will go sideways this month with $20,000 as its resistance but if there will be another FTX-like even that will happen then I hope we're ready for it.
Overall, we can't change the fact that bear market = opportunities for intelligent investors to buy some Bitcoins. Bitcoins are cheap right now so now is the perfect time to accumulate slowly while waiting for the bear market to be over.
There are still a lot of people who ended up with saying no, and I do not really understand how much lower they think that we should be reaching. I am not saying that we will reach a lot lower, but that also doesn't mean that we should be seeing anything under the bottom neither, even if we fall a bit, we could fall above bottom and that should be fine. Bottom was something about 16k, we already reached above 17K+, which means that if we hit 16.5k that is still above bottom and also a drop at the same time.Overall, we can't change the fact that bear market = opportunities for intelligent investors to buy some Bitcoins. Bitcoins are cheap right now so now is the perfect time to accumulate slowly while waiting for the bear market to be over.
This is why I believe we already saw our bottom, it's not going to really drop lower than that, it will most likely end up going higher for sure.
And a series of events like that could push the price down once again as the market is still very vulnerable, however even if that happened it seems to me we are already close to the bottom and this is a good moment to buy even if such a prediction became a reality.
As much as I wanted to say yes, and hope its the last bottom but we could definitely see its a no since the graph tells us a lot by its trend and form. I highly thinks that December will be a roller coster ride and the real recovery will happened by next year. Hoping to massive institutions to come to their senses and started cashing in some flows on investment.
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supporting that mate because there seems to be more to come about the lowering market .
https://coinmarketcap.com/currencies/bitcoin/markets/
bitcoin cannot stand long at 17k for the whole week , though it passes several times yet nothing consistent about this to come.
Voted "NO", from my personal view in bitcoin price Im still waiting for more drop below 14k and like I said in some comments in related threads btc price not yet reached the -85% down from the top like previous bear markets did, if this price fall at below $14k then the bottom is possibly meet or we are very near so lets wait patiently if this will happen.
there are some says it may drop down to 10k mate so lets see what comes as like you? i also wanted to buy at very cheap price . 
I believe that the FTX drama is over, and the contagion is not affecting other companies that much anymore compared to where it was when FTX scam is at its peak. Gemini stopped their earn program, not that much effect on the market. BlockFi filed for Chapter 11, not that much effect on the market. In the future, there might be some companies who will get affected by the FTX scam but it's effect to the market is only little to none. I believe that we've seen the bottom already and I think we will go sideways this month with $20,000 as its resistance but if there will be another FTX-like even that will happen then I hope we're ready for it.
Overall, we can't change the fact that bear market = opportunities for intelligent investors to buy some Bitcoins. Bitcoins are cheap right now so now is the perfect time to accumulate slowly while waiting for the bear market to be over.
There are still a lot of people who ended up with saying no, and I do not really understand how much lower they think that we should be reaching. I am not saying that we will reach a lot lower, but that also doesn't mean that we should be seeing anything under the bottom neither, even if we fall a bit, we could fall above bottom and that should be fine. Bottom was something about 16k, we already reached above 17K+, which means that if we hit 16.5k that is still above bottom and also a drop at the same time.Overall, we can't change the fact that bear market = opportunities for intelligent investors to buy some Bitcoins. Bitcoins are cheap right now so now is the perfect time to accumulate slowly while waiting for the bear market to be over.
This is why I believe we already saw our bottom, it's not going to really drop lower than that, it will most likely end up going higher for sure.
I voted "yes". That was it! $15k was the bottom. The recovery from the FTX effects is looking healthy. There are no extra long candles that create imbalances except the first strong bounce back last November 22 hence it dropped again in the next few days. It will swing a little and can probably touch the $16k level again. But unless we can see another bad news that is capable of shaking the market once again, BTC should be alright. Maybe $20k is already attainable before this month's end.
Many are still not getting over the FTX issue which I think that this short pump isn't about FTX effects but probably people are done with the selling and now investors/whales are bringing back the market to pump again. But never I see this could go far, the pump is likely a short pump but the bearish condition of the market will remain as is. I hope no more scam exchange issue happen this month and that FTX will only be the last, otherwise we can't move forward and see for another bottom again.
Ok... November wasn't really that great for BTC. To recap, it was doing great the first couple of days and looked like it was finally starting to break out and trend up higher until the FTX fiasco spoiled the party. But then around November 22, the market seemed not to care anymore and started going up again.
The chart below doesn't really look all that good but if you have been following the price action everyday it feels like there aren't a whole lot of sellers left. So hence the poll.
~
I voted Yes to this one.The chart below doesn't really look all that good but if you have been following the price action everyday it feels like there aren't a whole lot of sellers left. So hence the poll.
~
I believe that the FTX drama is over, and the contagion is not affecting other companies that much anymore compared to where it was when FTX scam is at its peak. Gemini stopped their earn program, not that much effect on the market. BlockFi filed for Chapter 11, not that much effect on the market. In the future, there might be some companies who will get affected by the FTX scam but it's effect to the market is only little to none. I believe that we've seen the bottom already and I think we will go sideways this month with $20,000 as its resistance but if there will be another FTX-like even that will happen then I hope we're ready for it.
Overall, we can't change the fact that bear market = opportunities for intelligent investors to buy some Bitcoins. Bitcoins are cheap right now so now is the perfect time to accumulate slowly while waiting for the bear market to be over.
I voted "yes". That was it! $15k was the bottom. The recovery from the FTX effects is looking healthy. There are no extra long candles that create imbalances except the first strong bounce back last November 22 hence it dropped again in the next few days. It will swing a little and can probably touch the $16k level again. But unless we can see another bad news that is capable of shaking the market once again, BTC should be alright. Maybe $20k is already attainable before this month's end.
Voted "NO", from my personal view in bitcoin price Im still waiting for more drop below 14k and like I said in some comments in related threads btc price not yet reached the -85% down from the top like previous bear markets did, if this price fall at below $14k then the bottom is possibly meet or we are very near so lets wait patiently if this will happen.
with 3 weeks more now , do you think that this is enough for bitcoin price to drop more again? we have seen the lowest in October but what more to happen in December but I guess we are near the end and still comes to nothing following that fall.I believe that this is the lowest and there might be coming pump in the following weeks.
If that's just a prediction for this December, then it's doubtful that bitcoin could fall any further, after several days of plunging, the market needs at least a slight bounce before continuing to decline. But in the long term, or ask the bottom at the end of this bear season, I also believe bitcoin will have a drop below $12k. The market will crash again soon, and I don't know what will cause it to do so, but I predict it will be something like the FTX crash.
December sentiment will be more bearish that what we have in October and November .
and with so much happening in the world economy now? wondering what would be the faith for bitocin at least this year and even in the next .
Many people are confident that the FTX drama is over, but in my opinion, it is just the beginning of a chain of collapses ahead that we will face. As always, the market will not crash continuously but will have a period of recovery and then continue to be pushed lower. This is how the market tortures us until we get really depressed and believe that the market will not rise again then the market will recover. To me, what is happening in the market is just a psychological game, whoever perseveres to the end will be the winner.
Nothing special this December that could trigger such a price recovery but what we might see is just the same as what we witnessed last month where drops can possibly happen more than ups. Honestly, I didn't expect a lot this month, not even I think the bear season will end early next year.
The price of Bitcoin will just about to stay from this range of $18k - $22k...just my opinion.
We are still facing the global economic crisis and a big factor why it was quite impossible to see a price increase this year and remain bearish.
The price of Bitcoin will just about to stay from this range of $18k - $22k...just my opinion.
We are still facing the global economic crisis and a big factor why it was quite impossible to see a price increase this year and remain bearish.
The chart below doesn't really look all that good but if you have been following the price action everyday it feels like there aren't a whole lot of sellers left. So hence the poll.
In every month there are always surprises that happen with Bitcoin. Bullish and bearish are two things that cannot be separated. November was not so good in terms of crypto changes, but the surprise remained with the price increase reaching $21.5k from $19k. But if we pay attention to December, of course this will also happen. Bitcoin's current state is clear that the small pump is starting. Price change from $16.4k to $17k.The chart below doesn't really look all that good but if you have been following the price action everyday it feels like there aren't a whole lot of sellers left. So hence the poll.
In every month there are always surprises that happen with Bitcoin. Bullish and bearish are two things that cannot be separated. November was not so good in terms of crypto changes, but the surprise remained with the price increase reaching $21.5k from $19k. But if we pay attention to December, of course this will also happen. Bitcoin's current state is clear that the small pump is starting. Price change from $16.4k to $17k.Less likely that it will happen in December. As I recall, December is always a bear month. Maybe a few spikes here and there but mostly bears. Maybe, if there is a spike in price, that will happen before the Holiday and then a downtrend from there. I would be surprised if we end up in green from the previous month. But that is just me speculating from experience, maybe the technical side have better news or views from me.
Sometimes I'm not really sure if it's really what they really think would happen or if it's what they want to happen. I'm guessing it's the latter as a lot of people are starting to lowball and try get in cheap.
You are probably right. At least for me, that is what I want to happen. I would like to accumulate more bitcoin with cheaper price before the next bull run comes around. Maybe, that is the same with others that is why the result of the pool in bearish.
I always love these topics, it shows what people think at the start of the month, and then we see the real end of the month as well. Sometimes the majority is right, and sometimes they are wrong but there is one thing that is certain which is the fact that it's not general knowledge of what's going to happen. Correct me if I am wrong but I have never seen the community picking the right thing with like %80 votes, its always close, and its always a bit wrong, which means that plenty of people have no idea what's going to happen in the next 30 days, and that's a good thing for the market because that means anything could happen.
Lol yeah.. It's fun. And it's good to know what the overall sentiment is for the month.
Anyway I'm seeing some guys thinking BTC would drop some more below 15k. Sometimes I'm not really sure if it's really what they really think would happen or if it's what they want to happen. I'm guessing it's the latter as a lot of people are starting to lowball and try get in cheap.
I don't vote in my own polls but leaning towards we already saw the bottom. Dunno... Could change next month. Lol.
The chart below doesn't really look all that good but if you have been following the price action everyday it feels like there aren't a whole lot of sellers left. So hence the poll.
In every month there are always surprises that happen with Bitcoin. Bullish and bearish are two things that cannot be separated. November was not so good in terms of crypto changes, but the surprise remained with the price increase reaching $21.5k from $19k. But if we pay attention to December, of course this will also happen. Bitcoin's current state is clear that the small pump is starting. Price change from $16.4k to $17k. From my own view to what the price of Bitcoin may be towards the end of December is that I don't think we're going to see a new lows this month until next year January, Because December 14 will be another decisive day for the price of Bitcoin, depending on what the Fed is gonna come out with, regarding interest rate.
For me I do think they may start quantitative of easing (QE) maybe do lower 50 basis points(bps) this December, and that would a kinda ease much pressure a bit on the price of Bitcoin.
What if the decision of FED is negative? So that causes the price to decrease and there is a possibility that a new ATL is going to be spotted this month. This isn't a big problem though because people are already used to this. Some will still see this as an advantage because they can be able to buy btc again at a much lower rate.For me I do think they may start quantitative of easing (QE) maybe do lower 50 basis points(bps) this December, and that would a kinda ease much pressure a bit on the price of Bitcoin.
I think the real recoveries for example like above $25k is going to happen by next year. Preferably on the month of January. If that happens many of us are going to sell some of our coins only to have some pocket money because people can celebrate heavily on the month of December and they will end up being broke once January starts.
Voted "NO", from my personal view in bitcoin price Im still waiting for more drop below 14k and like I said in some comments in related threads btc price not yet reached the -85% down from the top like previous bear markets did, if this price fall at below $14k then the bottom is possibly meet or we are very near so lets wait patiently if this will happen.
with 3 weeks more now , do you think that this is enough for bitcoin price to drop more again? we have seen the lowest in October but what more to happen in December but I guess we are near the end and still comes to nothing following that fall.I believe that this is the lowest and there might be coming pump in the following weeks.
If that's just a prediction for this December, then it's doubtful that bitcoin could fall any further, after several days of plunging, the market needs at least a slight bounce before continuing to decline. But in the long term, or ask the bottom at the end of this bear season, I also believe bitcoin will have a drop below $12k. The market will crash again soon, and I don't know what will cause it to do so, but I predict it will be something like the FTX crash.
Voted "NO", from my personal view in bitcoin price Im still waiting for more drop below 14k and like I said in some comments in related threads btc price not yet reached the -85% down from the top like previous bear markets did, if this price fall at below $14k then the bottom is possibly meet or we are very near so lets wait patiently if this will happen.
with 3 weeks more now , do you think that this is enough for bitcoin price to drop more again? we have seen the lowest in October but what more to happen in December but I guess we are near the end and still comes to nothing following that fall.I believe that this is the lowest and there might be coming pump in the following weeks.
If that's just a prediction for this December, then it's doubtful that bitcoin could fall any further, after several days of plunging, the market needs at least a slight bounce before continuing to decline. But in the long term, or ask the bottom at the end of this bear season, I also believe bitcoin will have a drop below $12k. The market will crash again soon, and I don't know what will cause it to do so, but I predict it will be something like the FTX crash.
December sentiment will be more bearish that what we have in October and November .
and with so much happening in the world economy now? wondering what would be the faith for bitocin at least this year and even in the next .
Voted "NO", from my personal view in bitcoin price Im still waiting for more drop below 14k and like I said in some comments in related threads btc price not yet reached the -85% down from the top like previous bear markets did, if this price fall at below $14k then the bottom is possibly meet or we are very near so lets wait patiently if this will happen.
with 3 weeks more now , do you think that this is enough for bitcoin price to drop more again? we have seen the lowest in October but what more to happen in December but I guess we are near the end and still comes to nothing following that fall.I believe that this is the lowest and there might be coming pump in the following weeks.
If that's just a prediction for this December, then it's doubtful that bitcoin could fall any further, after several days of plunging, the market needs at least a slight bounce before continuing to decline. But in the long term, or ask the bottom at the end of this bear season, I also believe bitcoin will have a drop below $12k. The market will crash again soon, and I don't know what will cause it to do so, but I predict it will be something like the FTX crash.
December sentiment will be more bearish that what we have in October and November .
and with so much happening in the world economy now? wondering what would be the faith for bitocin at least this year and even in the next .
Voted "NO", from my personal view in bitcoin price Im still waiting for more drop below 14k and like I said in some comments in related threads btc price not yet reached the -85% down from the top like previous bear markets did, if this price fall at below $14k then the bottom is possibly meet or we are very near so lets wait patiently if this will happen.
with 3 weeks more now , do you think that this is enough for bitcoin price to drop more again? we have seen the lowest in October but what more to happen in December but I guess we are near the end and still comes to nothing following that fall.I believe that this is the lowest and there might be coming pump in the following weeks.
If that's just a prediction for this December, then it's doubtful that bitcoin could fall any further, after several days of plunging, the market needs at least a slight bounce before continuing to decline. But in the long term, or ask the bottom at the end of this bear season, I also believe bitcoin will have a drop below $12k. The market will crash again soon, and I don't know what will cause it to do so, but I predict it will be something like the FTX crash.
Voted "NO", from my personal view in bitcoin price Im still waiting for more drop below 14k and like I said in some comments in related threads btc price not yet reached the -85% down from the top like previous bear markets did, if this price fall at below $14k then the bottom is possibly meet or we are very near so lets wait patiently if this will happen.
with 3 weeks more now , do you think that this is enough for bitcoin price to drop more again? we have seen the lowest in October but what more to happen in December but I guess we are near the end and still comes to nothing following that fall.I believe that this is the lowest and there might be coming pump in the following weeks.
Voted "NO", from my personal view in bitcoin price Im still waiting for more drop below 14k and like I said in some comments in related threads btc price not yet reached the -85% down from the top like previous bear markets did, if this price fall at below $14k then the bottom is possibly meet or we are very near so lets wait patiently if this will happen.
As much as I wanted to say yes, and hope its the last bottom but we could definitely see its a no since the graph tells us a lot by its trend and form. I highly thinks that December will be a roller coster ride and the real recovery will happened by next year. Hoping to massive institutions to come to their senses and started cashing in some flows on investment.
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I think December will be as red as November. It would be logical to have a final capitulation in the market. Just the annual candle on the bitcoin chart turns out to be red. It seems to me that the 10-12k level where the rapid growth started in 2020 should be tested again. Although every previous month I have waited for a bounce and never guessed, I would be happy to be wrong about December as well.
I'm actually voting no, bottom's not going to come in just yet. Some seller exhaustion as you mentioned, miners getting squeezed out, but dollar is finally relenting by a lot (I send money home so the value's just dropped off almost 10% since last month) and then Fed should make good on their promise to ease off on interest hikes.
That'll bring relief this month, and maybe next -- but it won't be enough for the real bad news when that hits like a heap of bricks.
That'll bring relief this month, and maybe next -- but it won't be enough for the real bad news when that hits like a heap of bricks.
To be honest, it's pretty debatable, whether the price has reached the minimum of the bear market or not ? I mean whenever we see BTC going up, after few hours it again starts crashing. Starting of this month BTC was giving positive vibes, when suddenly it touched 17k USD out of no where. But currently BTC again struggling under the 17k USD mark. According to me, let's not break our hopes. Lets all pray that BTC anyhow touch the 20k usd mark by the end of this month. If this happens then definitely we gonna see some great positive results next year. Let's hope for the best.
It seems @OP needs to add one more choice, which is undecided because I'm on those two let alone for the end of this year. At the end of this year, we may still see the price go up and down, making us curious whether the bitcoin price has bottomed out or will still decrease until next year.
But the price could still go down to the $ 10k- $ 13k level again. But hopefully, that doesn't happen, and the price can stay at the current level.
But the price could still go down to the $ 10k- $ 13k level again. But hopefully, that doesn't happen, and the price can stay at the current level.
I stand for yes just for this year alone , because according to the movement of bitcoin for years , December mostly brings positive effect but of course this is not that certain as this may change any time.
but I wanna stay positive no matter what , because I have nothing to lose here as I am a holder.
but I wanna stay positive no matter what , because I have nothing to lose here as I am a holder.
From my own view to what the price of Bitcoin may be towards the end of December is that I don't think we're going to see a new lows this month until next year January, Because December 14 will be another decisive day for the price of Bitcoin, depending on what the Fed is gonna come out with, regarding interest rate.
For me I do think they may start quantitative of easing (QE) maybe do lower 50 basis points(bps) this December, and that would a kinda ease much pressure a bit on the price of Bitcoin.
For me I do think they may start quantitative of easing (QE) maybe do lower 50 basis points(bps) this December, and that would a kinda ease much pressure a bit on the price of Bitcoin.
I always love these topics, it shows what people think at the start of the month, and then we see the real end of the month as well. Sometimes the majority is right, and sometimes they are wrong but there is one thing that is certain which is the fact that it's not general knowledge of what's going to happen. Correct me if I am wrong but I have never seen the community picking the right thing with like %80 votes, its always close, and its always a bit wrong, which means that plenty of people have no idea what's going to happen in the next 30 days, and that's a good thing for the market because that means anything could happen.
Not many people cannot predict bitcoin price but you should say that all of us here cannot predict bitcoin price. If someone could know exactly where bitcoin was going, the market wouldn't be so interesting and everyone would get rich. If you think the community always chooses wrong then do the opposite the community you will win, it's all just predictions so there will be right and wrong.
As for the data being shown by the OP, it seems very negative to me, that's why I voted for no as well.
I'm thinking that since next year will still be bearish, so meaning there is a chance that the price will still plummet and dive. Just a matter what will be the price range, it could be $10k as the worst drop price.
Saying above the December time frame, the graph is scary to me. I am not seeing any joy in this graph in the nearest future. Anyone investing in Bitcoin now, should be ready to leave their investment for a long time. It could be 4 to 5 years.
With what I am seeing in the chart, bitcoin could go below $10k before 2024 bull run. Though I am seeing from the yearly time frame, someone on the monthly time frame could be seeing another thing, but in the end, I am not seeing any green in this chart. This is a hard time for bitcoin, and I see harder time coming.
Many weeks hands would be laid off and bitcoin is actually in there verge of restarting and making new millionaires.
I always love these topics, it shows what people think at the start of the month, and then we see the real end of the month as well. Sometimes the majority is right, and sometimes they are wrong but there is one thing that is certain which is the fact that it's not general knowledge of what's going to happen. Correct me if I am wrong but I have never seen the community picking the right thing with like %80 votes, its always close, and its always a bit wrong, which means that plenty of people have no idea what's going to happen in the next 30 days, and that's a good thing for the market because that means anything could happen.
Not many people cannot predict bitcoin price but you should say that all of us here cannot predict bitcoin price. If someone could know exactly where bitcoin was going, the market wouldn't be so interesting and everyone would get rich. If you think the community always chooses wrong then do the opposite the community you will win, it's all just predictions so there will be right and wrong.
I always love these topics, it shows what people think at the start of the month, and then we see the real end of the month as well. Sometimes the majority is right, and sometimes they are wrong but there is one thing that is certain which is the fact that it's not general knowledge of what's going to happen. Correct me if I am wrong but I have never seen the community picking the right thing with like %80 votes, its always close, and its always a bit wrong, which means that plenty of people have no idea what's going to happen in the next 30 days, and that's a good thing for the market because that means anything could happen.
I voted yes because the bitcoin fundamentals are unchanged and on-chain data looks good. The problem with relying on this data is that we're seeing only half of the big picture. Bitcoin can be hit from the inside or the outside and it's been hit from the outside most of this year with chain data looking strong at 30k, then at 20k and again at 18-19k. Now at 16k it's pretty much the same - miners are mining, holders are holding, transactions are going through. The problem is that the holders and buyers cannot handle the volume that these big investment funds were bringing. We're talking about companies and investment funds that were slowly buying bitcoin in 2020 after the covid crash and dumped it all at once in June and then again in November.
People like us here can be bullish and say that we're buying because we understand bitcoin and how cheap it is, but how much can we buy? 1k? 10k? These people are dumping 10 million all at once, even at a loss, because they want to balance and close their books for the year. Bitcoin isn't crashing because it's weak and people lost trust but because scammers are getting flushed out. At some point we'll run out of them and I feel like the time is now.
People like us here can be bullish and say that we're buying because we understand bitcoin and how cheap it is, but how much can we buy? 1k? 10k? These people are dumping 10 million all at once, even at a loss, because they want to balance and close their books for the year. Bitcoin isn't crashing because it's weak and people lost trust but because scammers are getting flushed out. At some point we'll run out of them and I feel like the time is now.
The chart below doesn't really look all that good but if you have been following the price action everyday it feels like there aren't a whole lot of sellers left. So hence the poll.
and it seems no more sellers but lets see if this December price increase on small scale rally might happen next in line but im hopeful for this one.November is really that not looking good and
extremely bearish which lots had been anticipating for that 10k price but it didnt really happen.
Lets see if this holiday season would really be impose out some different scale or numbers which everyone have really been hopeful.
I chosen No.
a) although there is a relived on the SBF drama, I don't think it is over, it will still have some effect on the market
b) everyone is on the edge, a simple negative news will push the price to go down again
Not every country's economy is recovering, it might take some time. And we still have the war in the background that has really affected everyone. So I guess the worst has yet to come not just for crypto, but for the rest of financial market next year.
a) although there is a relived on the SBF drama, I don't think it is over, it will still have some effect on the market
b) everyone is on the edge, a simple negative news will push the price to go down again
Not every country's economy is recovering, it might take some time. And we still have the war in the background that has really affected everyone. So I guess the worst has yet to come not just for crypto, but for the rest of financial market next year.
I voted Yes. I think the SBF drama was probably the worst of it for this cycle. We're likely to have a bit of a Christmas melt up here as the market digests and comes to grips with what just happened. The economy is also showing signs that interest rate tightening may be coming to and end, setting the table for the next bull run. As we get closer and closer to the next halving, eyes are going to start looking at potential gains when the block reward gets cut. I think the next couple of months will be mostly stable with a bit of an increase, with corrections when the halving does occur and when mtgox coins are distributed.
I have chosen no.
That's why I believe we won't see a lower BTC price than in November when the market is volatile enough that BTC hits the $15400 price point. maybe that's the lowest price for november or this year. we must be optimistic that the price will soar when the market has strong support. fud news and so on does pose a formidable shadowy threat to holders but if they are able to hold their own under these circumstances then they will manage to see even higher prices next year.
maybe the selling action if seen from the chart will continue but it won't be too strong even when we enter the end of this year's holidays. the big whales coming in this month I'm sure they will continue to improve their portfolio before the big pumps come along. we should be able to see this situation as a moment to make an entry.
That's why I believe we won't see a lower BTC price than in November when the market is volatile enough that BTC hits the $15400 price point. maybe that's the lowest price for november or this year. we must be optimistic that the price will soar when the market has strong support. fud news and so on does pose a formidable shadowy threat to holders but if they are able to hold their own under these circumstances then they will manage to see even higher prices next year.
maybe the selling action if seen from the chart will continue but it won't be too strong even when we enter the end of this year's holidays. the big whales coming in this month I'm sure they will continue to improve their portfolio before the big pumps come along. we should be able to see this situation as a moment to make an entry.
I erroneously voted 'No', while I wanted to vote for 'Yes'.
I personally think we have hit the bottom for this cycle, but do not really have some technical analysis to back that up. It's of course an unpredictable market and can still go much lower than this, or have a dead cat bounce and then dip again.
I personally think we have hit the bottom for this cycle, but do not really have some technical analysis to back that up. It's of course an unpredictable market and can still go much lower than this, or have a dead cat bounce and then dip again.
No problem mate, as for me, I voted for No,
We still have the next year and we might see another worst year and so I predicted that we might still go North a couple of thousands of dollars. Heck, we might hear another exchanges just collapsing on the pressures of the bear market 2023. And so as much as we wanted to think that we have hit the bottom already, we might see the worst next year, just saying.
I erroneously voted 'No', while I wanted to vote for 'Yes'.
I personally think we have hit the bottom for this cycle, but do not really have some technical analysis to back that up. It's of course an unpredictable market and can still go much lower than this, or have a dead cat bounce and then dip again.
I personally think we have hit the bottom for this cycle, but do not really have some technical analysis to back that up. It's of course an unpredictable market and can still go much lower than this, or have a dead cat bounce and then dip again.
I'm just wondering what took you so long to create this thread, Lol.
Anyhow, I voted for No, I think we might see the price still going down, so we might see lower lows not just at the end of the year, but maybe in the next coming year. And it's better that we don't put too much high expectation, so that it won't be a disappointment in the end.
So most likely we might see $10k-$13k as the bottom in this bear cycle.
Anyhow, I voted for No, I think we might see the price still going down, so we might see lower lows not just at the end of the year, but maybe in the next coming year. And it's better that we don't put too much high expectation, so that it won't be a disappointment in the end.
So most likely we might see $10k-$13k as the bottom in this bear cycle.
From technical point of view there is nothing bullish in current price action. We just broke 18k support and can't get above it for last 23 days consolidating in death zone. Only the fact that we are very oversold, 1 year in extreame fear, and survived many bancrupties without leaving "dead zone" to the sounth makes me feal that there is not much space to go lower. Monthly RSI was never lower in history of BTC.
Its possible its not the bottom. Its possible we will dump to 15k, 12k maybe lower. But it does not change the fact that its cheap now, and its good time to start to accumulate. At current price its like 20% short opportunity or 5x long. Answer is simple.
Its possible its not the bottom. Its possible we will dump to 15k, 12k maybe lower. But it does not change the fact that its cheap now, and its good time to start to accumulate. At current price its like 20% short opportunity or 5x long. Answer is simple.
Ok... November wasn't really that great for BTC. To recap, it was doing great the first couple of days and looked like it was finally starting to break out and trend up higher until the FTX fiasco spoiled the party. But then around November 22, the market seemed not to care anymore and started going up again.
The chart below doesn't really look all that good but if you have been following the price action everyday it feels like there aren't a whole lot of sellers left. So hence the poll.
The chart below doesn't really look all that good but if you have been following the price action everyday it feels like there aren't a whole lot of sellers left. So hence the poll.
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