BTC Sentiment Poll for July | Bitcointalksearch.org

bitgolden

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Quote from: AirtelBuzz on July 31, 2024, 09:53:41 PM

Volatility prevails everywhere in the crypto market. Constantly fluctuating Bitcoin prices may be a common market phenomenon. We have seen the highest increase in Bitcoin price this year and the biggest decrease in Bitcoin price in July. Bitcoin price fell to a low of $54,000 during the month which was the lowest price since Bitcoin price touched the new ATH, which can be considered as a market correction.

I am glad that this did not turn out to be an issue at all, I was afraid that it would have become an issue, but it did not. We did break under 60k and that was scary for a lot of people who decided about selling, well we did go under 60k BECAUSE they sold, so it was definitely a period where a lot of people had fear, but it was clear that we would go back up. Which we did, and even peaked above 70k as well, we are not there anymore I can see that but we are dealing with a good result right now.

We need to realize that things will do fine no matter what happens, that's just the way it is. For that reason I believe that we are going to end up with a good result eventually, we just need to give it time. I am glad that July ended fine, because now in August and if it was still not above 60k, then there could be a lot more people who were afraid and it could have been harder for price to go back up, quicker recovery is always better.

Quote from: AirtelBuzz on July 31, 2024, 09:53:41 PM

By the way, Since this topic is July's Bitcoin Sentiment Poll, the OP should lock it and open a new topic for BTC Sentiment poll.

Surprisingly tokeweed hasn't opened a new topic for this August. I guess some other smarty might make use this gap Wink

.

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Quote from: Jating on August 01, 2024, 05:57:51 AM

I'm still very much positive though that this August, we might finally see $70k and sustain it's run. I don't know, but I have a gut feeling that investors and the bulls are already preparing big for this month and we may very well on the way to have a good bounce back and this could be the start of something big until the end of the year.

I would like to say frankly that it is not your feeling but your expectation as well as all of ours. It can be said that up to now, there are not too many people who want bitcoin to decrease further, most want bitcoin to increase and want a crazy bull season to come. Because everyone has been waiting for this for so long, there is nothing wrong with us starting to get optimistic once the halving is complete.

But we also need to be realistic that everything is unpredictable in the short term. Historically, August or September are not good months for the market so anything can happen. Therefore, we should not be disappointed if things do not turn out as we expected.

Jating

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Quote from: GeorgeJohn on July 26, 2024, 01:18:12 PM

Right now we will say that bitcoin is at the positive side, because the values of Bitcoin is getting more increase, but I will say last month it seems that the bullrun was at positive more than this month and two months before bitcoin price price was at the pric of seventy-five thousand, but is not getting more increase to be higher than when the price was at seventy thousand to seventy-five thousand, but right now the price is within the range of sixty six thousand, but is still at valuable value, so the good thing is that bitcoin is still in range of bullrun instead of bearish season.

Yes, as per date, we ended the month of July in green candle, so that is already good in my opinion. Although we have touch $70k like 2 days before the end of the month. Unfortunately, there could news that really affected the market again and see the price goes to $64k. I thought we are going to sustain a run already, but I guess it's too early to see $70k++ again.

I'm still very much positive though that this August, we might finally see $70k and sustain it's run. I don't know, but I have a gut feeling that investors and the bulls are already preparing big for this month and we may very well on the way to have a good bounce back and this could be the start of something big until the end of the year.

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Quote from: Popkon6 on July 31, 2024, 06:12:04 PM

Today is the last day of July, so this July saw the most Bitcoin price dumping. Because the price of Bitcoin was touching $54K, and from there the price of Bitcoin pumped to touch $70K.

Volatility prevails everywhere in the crypto market. Constantly fluctuating Bitcoin prices may be a common market phenomenon. We have seen the highest increase in Bitcoin price this year and the biggest decrease in Bitcoin price in July. Bitcoin price fell to a low of $54,000 during the month which was the lowest price since Bitcoin price touched the new ATH, which can be considered as a market correction.

Quote

Because of this huge Bitcoin price gap, it was possible to make the most profit if you invested at the right time. But it is uncertain how the price of Bitcoin will change again in the month of August.

It was unimaginable, because we saw a sudden fall in the market. We spent several days in market dips, even lasting for a few days, as the price of Bitcoin dropped. Those who took advantage of this opportunity to invest may have got the results they expected after the Bitcoin price went up. At the end of July, we saw the price of Bitcoin at $66,000, but today, on the first day of August, the price of Bitcoin has dropped from there to $63,000, which is a partial decline.

By the way, Since this topic is July's Bitcoin Sentiment Poll, the OP should lock it and open a new topic for BTC Sentiment poll.

Popkon6

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Today is the last day of July, so this July saw the most Bitcoin price dumping. Because the price of Bitcoin was touching $54K, and from there the price of Bitcoin pumped to touch $70K. Because of this huge Bitcoin price gap, it was possible to make the most profit if you invested at the right time. But it is uncertain how the price of Bitcoin will change again in the month of August.

But since we are currently in the pre-start of the Bitcoin bull run, it is time for the market to correct. So it is normal for the Bitcoin market to up and down, as the current dip is ongoing, the possibility of a further pumping high and hitting new prices is high even if the price of Bitcoin falls in early August.

GeorgeJohn

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Right now we will say that bitcoin is at the positive side, because the values of Bitcoin is getting more increase, but I will say last month it seems that the bullrun was at positive more than this month and two months before bitcoin price price was at the pric of seventy-five thousand, but is not getting more increase to be higher than when the price was at seventy thousand to seventy-five thousand, but right now the price is within the range of sixty six thousand, but is still at valuable value, so the good thing is that bitcoin is still in range of bullrun instead of bearish season.

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Quote from: STT on July 24, 2024, 06:37:34 PM

The news just confuses me more often, also its got a lagged effect to it and some people know the news before others. I'm just noticing sustained weakness now, after we came so close to touching 70k. Right now today we cross below the weekly average, previously we looked to be challenging and then set to rise back but its resolved downwards.

News context for me would be the main markets selling off tech today, generally some reflection of less speculative sentiment willing to bid up prices. Its very general my take on news though, I do consider the whole of summer a quieter period.

It's really the news that has been affecting the price recently, specially the US elections. And when we thought that the Mt. Gox repayment had a negative effect, the market didn't nosedived but we go down a bit to $64k. But now we have the Bitcoin conference, and I think this is the news that suddenly pump the price as Donald Trump, is going to speak.

So that's where the confusion, and even if we do technical analysis, it's really very hard to tell where it will go because the political news in the US is hugging the limelight and so it affected a lot of market, not just crypto in general.

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Quote from: STT on July 24, 2024, 06:37:34 PM

The news just confuses me more often, also its got a lagged effect to it and some people know the news before others. I'm just noticing sustained weakness now, after we came so close to touching 70k. Right now today we cross below the weekly average, previously we looked to be challenging and then set to rise back but its resolved downwards.

News context for me would be the main markets selling off tech today, generally some reflection of less speculative sentiment willing to bid up prices. Its very general my take on news though, I do consider the whole of summer a quieter period.

There isn't really anything you need to be worried about, it is not really that shocking, when price goes up a lot that means there are people who are willing to sell to take profit, when they do that means all the long futures will be cashed out and when that happens all the stop loss will be hit etc etc.

As you can see, when it goes down even a bit, it goes down a lot easier because of many other stuff, it is like an avalanche so to speak, a small ball rolling could cause the whole mountain to come down, not saying that will happen, but it is not impossible neither and we need to be careful of that. This is why I honestly expect the situation to change a bit, and I am sensing that we are going to end up with a bigger fall as well. The trick is that, when it doesn't go down, and when it stops going down, just for a while, that means all the bear is done, and all the sellers are gone, and all the automatic deals are done, and we are ready to go up.

At that moment, we can go up so much more, hence why bitcoin always goes up on the long run, sure it goes down in between, but long term it always breaks its own ATH after a while. That's what I think will happen, some drops happen sure, but we will go up above ATH again.

STT

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The news just confuses me more often, also its got a lagged effect to it and some people know the news before others. I'm just noticing sustained weakness now, after we came so close to touching 70k. Right now today we cross below the weekly average, previously we looked to be challenging and then set to rise back but its resolved downwards.

News context for me would be the main markets selling off tech today, generally some reflection of less speculative sentiment willing to bid up prices. Its very general my take on news though, I do consider the whole of summer a quieter period.

JeffBrad12

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Quote from: STT on July 16, 2024, 09:50:20 AM

BTC is thoroughly confusing, its now rushed back to the 50 day average. However just to confuse you more, the 50 day average is descending which to me says we have further selling still before any grander positive move.

Dont take the singular trend line, its more diverse then just a simple trend like that. We remain bullish in a wider view and that hasnt been compromised by hesitancy of the last few months. If anything to stay buoyant far higher then last years prices for example should get a green tick every day even if we take some profits that day, week etc.

when confused, take a look into the upcoming news, I think it works wonder at times like this Cheesy

, based from time when i reply right now, the entire market changing direction to bullish after there are many good news relating to BTC that appear.

the good thing right now is that, we've past the dumping and has made successful recovery,with all the big player like black rock bagging BTC the direction that BTC gonna take become clear and obvious.
the community is so pumped with acknoledgement of BTC lately, the price indicates that we maybe gonna go for another rally and the bad news like mt gox and german government are done with their dumping, it's pretty obvious.

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Quote from: Kemarit on July 19, 2024, 07:31:33 AM

Quote from: tokeweed on July 19, 2024, 06:58:28 AM

All in all, I think the trend isn't over yet it's just having a bit of a lull... IMHO. Stay safe out there guys.

Yeah, definitely not over, we still have weeks before the end of July, anything can happen, we might stay above $60,000 but it might not last that long or we can go as high as $68,000 the next psychological barrier that we need to climb. So anything goes for us this month.

Stay safe tokes? We should be telling people they're not panicking nearly enough! I'm frankly disappointed by the (lack of) severity in the recent dip. Especially because the punditry are patting themselves on the back for making the German basis call.

Anything goes, but I'm gunning for a surprise floor giving way past $50k. Not July, though, surely...

Kemarit

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Quote from: tokeweed on July 19, 2024, 06:58:28 AM

Quote from: STT on July 16, 2024, 09:50:20 AM

BTC is thoroughly confusing, its now rushed back to the 50 day average. However just to confuse you more, the 50 day average is descending which to me says we have further selling still before any grander positive move.

Dont take the singular trend line, its more diverse then just a simple trend like that. We remain bullish in a wider view and that hasnt been compromised by hesitancy of the last few months. If anything to stay buoyant far higher then last years prices for example should get a green tick every day even if we take some profits that day, week etc.

But not confusing enough to know that there's a better chance it's above 60k after the end of the month tho. Wink

We're prolly due for another sell down to 59k. I think a lot of guys who watch the market with a lot more focus know it's just another time to fill their bags. So that's gonna take BTC back above 60k. The guys in the poll that voted no are at the right side. But we'll see... There's still a couple of weeks left.

We have a minor drop in the price, nothing significant and perhaps the Mt. Gox repayment is not really affecting us because as far as I know, there is a repayment scheme so it might not really affect the market itself unlike the Germany sell-off which has been done in several days so there is a pressure on the market.

Quote from: tokeweed on July 19, 2024, 06:58:28 AM

All in all, I think the trend isn't over yet it's just having a bit of a lull... IMHO. Stay safe out there guys.

Yeah, definitely not over, we still have weeks before the end of July, anything can happen, we might stay above $60,000 but it might not last that long or we can go as high as $68,000 the next psychological barrier that we need to climb. So anything goes for us this month.

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Quote from: STT on July 16, 2024, 09:50:20 AM

BTC is thoroughly confusing, its now rushed back to the 50 day average. However just to confuse you more, the 50 day average is descending which to me says we have further selling still before any grander positive move.

Dont take the singular trend line, its more diverse then just a simple trend like that. We remain bullish in a wider view and that hasnt been compromised by hesitancy of the last few months. If anything to stay buoyant far higher then last years prices for example should get a green tick every day even if we take some profits that day, week etc.

But not confusing enough to know that there's a better chance it's above 60k after the end of the month tho. Wink

We're prolly due for another sell down to 59k. I think a lot of guys who watch the market with a lot more focus know it's just another time to fill their bags. So that's gonna take BTC back above 60k. The guys in the poll that voted no are at the right side. But we'll see... There's still a couple of weeks left.

All in all, I think the trend isn't over yet it's just having a bit of a lull... IMHO. Stay safe out there guys.

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Quote from: Out of mind on July 16, 2024, 09:41:29 AM

Quote from: Bd officer on July 02, 2024, 05:47:52 AM

No, I don't think it will come below 60k this July. The price of Bitcoin fell to $58k last month. Crossed $60K before the end of June. Yesterday was about 64k, today is 62k plus. I don't think bitcoin price will go below 60k this month, may stay between $64-70k this month. We will soon see the bull run. Bitcoin is going to be $70k plus again soon.

While you might have thought that the price of Bitcoin would never fall below $60k, we saw it touch $53,000 in July. Although there was a lot of volatility in the market at the time that caused so much dumping, the price of Bitcoin is pumping again at the moment. If you look at the price of Bitcoin right now, it's really unbelievable that it has quickly moved to a good position and crossed $64,000. I expect the price of Bitcoin to move closer to $70k in the next month, but this time the market will be somewhat bearish. But of course we are waiting for the bulls, when we reach this goal the price of bitcoin will be $100k+.

I guess it depends on how we look at the market, of course there is the possibility to fall below $60k, but there could be a big reason why we will move to that price, just like when we fall to $53k, we later found out that the German government is dumping and selling their $50k stash, but they have sold everything already that's why the price goes up as high as almost $66k. So who knows, with all the positive news about Trump as the prime mover of price, and he will talk to the Bitcoin conference next week, we could only speculate that it could help the price surge to $70k for this month and so becoming bullish again after we thought that this month might end up like June as well, with negative returns. At least at the current date, we are already +3.x% already.

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Quote from: Out of mind on July 16, 2024, 09:41:29 AM

Quote from: Bd officer on July 02, 2024, 05:47:52 AM

No, I don't think it will come below 60k this July. The price of Bitcoin fell to $58k last month. Crossed $60K before the end of June. Yesterday was about 64k, today is 62k plus. I don't think bitcoin price will go below 60k this month, may stay between $64-70k this month. We will soon see the bull run. Bitcoin is going to be $70k plus again soon.

While you might have thought that the price of Bitcoin would never fall below $60k, we saw it touch $53,000 in July. Although there was a lot of volatility in the market at the time that caused so much dumping, the price of Bitcoin is pumping again at the moment. If you look at the price of Bitcoin right now, it's really unbelievable that it has quickly moved to a good position and crossed $64,000. I expect the price of Bitcoin to move closer to $70k in the next month, but this time the market will be somewhat bearish. But of course we are waiting for the bulls, when we reach this goal the price of bitcoin will be $100k+.

Can we say for sure what will happen in the Bitcoin market, no. In fact, we can only predict when the price of Bitcoin will go up or down. Which is only predictable.

A week ago, the price of Bitcoin was unimaginable. When we faced a downward trend in the market we thought maybe the market would go down further but it didn't rather it improved. The price of this bitcoin is back to $65k dollars. In the last 24 hours, the market changed and the highest price of Bitcoin rose to 65 thousand 200 dollars. Looking at such a temporary small increase in the market, it seems that the price of Bitcoin is going to touch $70k within the next week.

STT

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BTC is thoroughly confusing, its now rushed back to the 50 day average. However just to confuse you more, the 50 day average is descending which to me says we have further selling still before any grander positive move.

Dont take the singular trend line, its more diverse then just a simple trend like that. We remain bullish in a wider view and that hasnt been compromised by hesitancy of the last few months. If anything to stay buoyant far higher then last years prices for example should get a green tick every day even if we take some profits that day, week etc.

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Quote from: Bd officer on July 02, 2024, 05:47:52 AM

No, I don't think it will come below 60k this July. The price of Bitcoin fell to $58k last month. Crossed $60K before the end of June. Yesterday was about 64k, today is 62k plus. I don't think bitcoin price will go below 60k this month, may stay between $64-70k this month. We will soon see the bull run. Bitcoin is going to be $70k plus again soon.

While you might have thought that the price of Bitcoin would never fall below $60k, we saw it touch $53,000 in July. Although there was a lot of volatility in the market at the time that caused so much dumping, the price of Bitcoin is pumping again at the moment. If you look at the price of Bitcoin right now, it's really unbelievable that it has quickly moved to a good position and crossed $64,000. I expect the price of Bitcoin to move closer to $70k in the next month, but this time the market will be somewhat bearish. But of course we are waiting for the bulls, when we reach this goal the price of bitcoin will be $100k+.

ginsan

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Quote from: imamusma on July 15, 2024, 12:20:07 PM

Quote from: Wind_FURY on July 15, 2024, 09:55:21 AM

I believe that instead of panic during the DIP below $60,000 and treating at as something negative, perhaps we should embrace the DIP and every DIP should be taken as something positive. The biggest DIPs might probably be losing everything for "traders" who use leverage, but for mere plebs like us it should be an opportunity to buy more units in Bitcoin with a discount AND HODL.

Well, sometimes a dip can be considered positive as it gives investors a chance to accumulate, but sometimes it can also be a negative for some leverage traders. I agree with your opinion, but basically we also know that not all bitcoin holders have a reserve budget during dips to accumulate, while they just hold and continue to hope the market recovers. Of course, those who have a reserve budget will buy and accumulate, but those who don't have a reserve budget just need to avoid the market for a while so that their mood remained safe.

At least with the decline some time ago it was a few weeks so they could accumulate bitcoin by means of DCA even if it was with a small budget then no problem, it's just that that's the ability, but honestly if you have more spare budget will buy bitcoin when the price is $56K it is the best opportunity to buy DIP.

Now the price of bitcoin is recovering again to $63K this can be said quickly maybe we will be at the price of $70K again? After some time ago the German government sold Bitcoin which became a panic but after the news was finished bitcoin returned to show an upward trend now.

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Quote from: Wind_FURY on July 15, 2024, 09:55:21 AM

I believe that instead of panic during the DIP below $60,000 and treating at as something negative, perhaps we should embrace the DIP and every DIP should be taken as something positive. The biggest DIPs might probably be losing everything for "traders" who use leverage, but for mere plebs like us it should be an opportunity to buy more units in Bitcoin with a discount AND HODL.

I agreed with what you have said @Wind_FURY, from beginning I personally have taken every dip as an opportunity to buy more and hold, it's only people who trade that should complain about the dip and not those who are investing for long term. However, we should know that anytime Bitcoin dips it will definitely increase again and for this season, we are supposed to know that even if it dips with in a while it will increase again, so we should grab that opportunity and buy.

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Quote from: Wind_FURY on July 15, 2024, 09:55:21 AM

I believe that instead of panic during the DIP below $60,000 and treating at as something negative, perhaps we should embrace the DIP and every DIP should be taken as something positive. The biggest DIPs might probably be losing everything for "traders" who use leverage, but for mere plebs like us it should be an opportunity to buy more units in Bitcoin with a discount AND HODL.

Well, sometimes a dip can be considered positive as it gives investors a chance to accumulate, but sometimes it can also be a negative for some leverage traders. I agree with your opinion, but basically we also know that not all bitcoin holders have a reserve budget during dips to accumulate, while they just hold and continue to hope the market recovers. Of course, those who have a reserve budget will buy and accumulate, but those who don't have a reserve budget just need to avoid the market for a while so that their mood remained safe.

Topic: BTC Sentiment Poll for July (Read 969 times)