Crypto Winter Is Coming, Warns Experts - page 3.

Fatunad

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Quote from: Silberman on June 30, 2021, 04:46:13 PM

Quote from: btc_angela on June 27, 2021, 08:50:10 PM

Quote from: Silberman on June 27, 2021, 04:51:19 PM

I find it interesting that the creator of the Bollinger Bands believes we have reached the bottom, many people do not know this but the people behind the indicators that we know are extremely prepared people, many times applying the same concepts that physicists and mathematicians apply, and while using the Bollinger Bands is relatively easy at the same time this does not mean that it was easy to think about the concept so I am more ready to believe someone like that than whatever JP Morgan has to say about the future price of bitcoin.

Maybe those who are preaching that we are in a crypto winter already are the same people who didn't think that we can reach $64k this year. So there is a pattern, a obvious narrative for them to attack bitcoin again because the price is like 50% from it's previous high.

However, the market is still alive and well, still trading sideways though, but still healthy in my opinion. We have the last quarter to push the price so let's wait and see if those predictions will come true, but I'm optimistic that we might reach another all time high before the end of the year.

It is highly likely that this is the case, we must remember that banks and governments do not really like bitcoin and if it seems they are kind of accepting it now is simply because they have found no way to destroy it yet and they know that each passing day in which bitcoin remains on the market is yet another day they have wasted and that they do not have anymore.

We are trading sideways but since the correction we had several positive news that improve the fundamentals of bitcoin even further which can only mean one thing, the price will go up once again, we do not know when this will happen but it is almost a certainty that it will do so.

They dont actually have a choice because no matter how they do on banning out crypto or make out some blockage or similar thing then theres still no chance on succeeding.
Instead of banning then why not try to go along? They would surely be in getting the benefits when it comes to revenue when they do regulate those crypto related merchants.
When it comes to crypto winter then theres would always be a time to be like this. How to deal? You should be wise on when to get out on the market or simply
securing your profits and also i dont believe on experts. Cool

Silberman

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Quote from: btc_angela on June 27, 2021, 08:50:10 PM

Quote from: Silberman on June 27, 2021, 04:51:19 PM

I find it interesting that the creator of the Bollinger Bands believes we have reached the bottom, many people do not know this but the people behind the indicators that we know are extremely prepared people, many times applying the same concepts that physicists and mathematicians apply, and while using the Bollinger Bands is relatively easy at the same time this does not mean that it was easy to think about the concept so I am more ready to believe someone like that than whatever JP Morgan has to say about the future price of bitcoin.

Maybe those who are preaching that we are in a crypto winter already are the same people who didn't think that we can reach $64k this year. So there is a pattern, a obvious narrative for them to attack bitcoin again because the price is like 50% from it's previous high.

However, the market is still alive and well, still trading sideways though, but still healthy in my opinion. We have the last quarter to push the price so let's wait and see if those predictions will come true, but I'm optimistic that we might reach another all time high before the end of the year.

It is highly likely that this is the case, we must remember that banks and governments do not really like bitcoin and if it seems they are kind of accepting it now is simply because they have found no way to destroy it yet and they know that each passing day in which bitcoin remains on the market is yet another day they have wasted and that they do not have anymore.

We are trading sideways but since the correction we had several positive news that improve the fundamentals of bitcoin even further which can only mean one thing, the price will go up once again, we do not know when this will happen but it is almost a certainty that it will do so.

wiss19

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Quote from: Leviathan.007 on June 27, 2021, 08:07:08 AM

The price of Bitcoin has risen 1.5% in the last 24 hours after touching the $ 30,000 resistance level. Although the cryptocurrency appears to be recovering, some experts believe the situation could get worse.

I believe we have already tested the bottom of current bear market and now onward we may see bullish markets for next 1 or 2 months. We already started recovering which may lead to test the current ATH in coming weeks. I agree about crypto winter but that does not mean we are going to witness negative markets but we may not see a new ATH until end of August month.

I am just speculating based on how usually crypto markets do trade by the times of July and August. In 2017, by August month bitcoin's soft fork of segwit was incorporated which led to new ATH but this time we are not having anything scheduled like that hence we may need to wait until September to see a new ATH.

Lorence.xD

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How do we know that it's the winter for bitcoin though? I mean the prices did go half of the ATH, probably this is the winter that they were talking about. To everyone who have doubts with what's going to be for you when this supposed winter, try to do a stop loss if you can if you are on short-term or prepare some money if you are on a long-term so you can buy bitcoin at a cheaper price.

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Quote from: Leviathan.007 on June 27, 2021, 08:07:08 AM

Analysts at JP Morgan and DailyFX claim that we are in a cryptocurrency winter. However, other analysts, including John Bollinger, disagreed. The creator of the technical indicator of the Bollinger Bands believes that Bitcoin has already recorded a price floor of $ 30,000.
Bitcoin hit a record high of $ 64,804.72 in April, but later, the flagship cryptocurrency has dropped by almost 50% since then, trading at $ 33,039.01 at the time of writing. The price of Bitcoin has risen 1.5% in the last 24 hours after touching the $ 30,000 resistance level. Although the cryptocurrency appears to be recovering, some experts believe the situation could get worse.
In addition to the downtrend, the Bitcoin death intersection pattern was finally formed on June 19. In addition, conflicting news with Bitcoin continues in China, which negatively affects the bitcoin hash rate. On the other hand, the interest of legal investors decreased. These are all factors that lead to a downturn in the market. Likewise, these factors can lead our favorite cryptocurrencies to a deep hibernation.

Source: https://www.investing.com/news/cryptocurrency-news/crypto-winter-is-coming-warns-experts-2543269

I think it's only natural that there is currently a lot of speculation about the future of bitcoin due to the current price decline, and negative speculation like this is not the first time that has happened and as far as I remember when the bitcoin price crashed in 2018, many analysts said that the bitcoin era will end soon.
We know that crypto assets have high volatility, so when there is a slight strengthening it will trigger fears of a Crypto Winter, as happened in 2018 and when the bitcoin price fell more than 65% and then the stagnant position tends to decline until April 2019 .
And speculation of crypto winter happening again this year due to the decline in the price of bitcoin to a price level of US $ 28,000 in June. In my opinion, the crypto winter will no longer happen to bitcoin this year, because the conditions that occurred this year are different from the conditions in 2018, and the reason is because now there are more uses, adoption, and diversification of crypto that occurred in 2020 compared to last year 2018 ago.

electronicash

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Quote from: Beparanf on June 28, 2021, 02:40:08 AM

Quote from: electronicash on June 28, 2021, 02:32:28 AM

Quote from: Rajamuda on June 28, 2021, 01:57:39 AM

Quote from: ?? on ??

I don't know if I should be worried or happy because I don't have any money yet to buy bitcoin to increase my portfolio when the prices really did go down. If this is the winter that they are talking about, I don't think that we will have to worry too much about it.

basically predicting something that will happen is not necessarily certain, but here we are indeed preparing for many things from the possibilities that occur in winter related to crypto prices. although we can not buy but we can still get it in several ways and think more optimistic of course

the warnings that experts tell somehow made me think it's their plan to make us believe the price will continue to drop and then we see prices are actually rising. it's a confusing time when you know you don't control the future price. not good to be very optimistic when it's uncertain but to be prepared for what's coming, i'd prefer to just not look at the price anymore.

The warning is only from JPMorgan and Daily FX which is well known for shilling and bias statement in terms of Cryptocurrency topic. But on the bright side of this news, The creator of Bollinger Bands indicator state that Bitcoin reached already the bottom at 30,000$. This means that the expert opinion is divided and there still some hope for market recovery.

Using Technical Analysis monthly timeframe, It shows how bearish the market for this year after a long Bull market started last year.

when for the press, it's usually believed by a percentage of the holders of BTC. JPmorgan or someone else like Elon who has big followings on social media will take their agenda in order to make more for themselves. it's already clear JPmorgan wants BTC just as big institutions want.

we have not yet go to the monthly chart yet to consider it bear. you can see the weekly timeframe didn't illustrate the bottom price. this makes panic whether it can go down or up in the weekly chart.

Mahanton

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Quote from: Xinarae* on June 28, 2021, 11:29:01 PM

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Quote from: Rajamuda on June 28, 2021, 01:57:39 AM

Quote from: ?? on ??

~

basically predicting something that will happen is not necessarily certain, but here we are indeed preparing for many things from the possibilities that occur in winter related to crypto prices. although we can not buy but we can still get it in several ways and think more optimistic of course

I do have the money per sé but the problem is that most of it are on investment so I can't really pull it out prematurely because the profits won't be that much so I guess, I'll just have to wait for it I guess.

Investing in bitcoin is about believing and moving forward with positive thinking every trader who comes complains that the price of bitcoin will go up again so even if the price goes down everyone is investing and holding on. It is not possible to give an accurate forecast of the market but it is likely to pump in this year.

Pump or not no one can even know on what would happen ahead and if this market had been predictable then it cant really be called a market in the first place.We are making analysis
every now and then and we do keep seeing lots of speculations and price presumptions on where these prices could potentially could go. Crypto winter is something been part
of the times on where a market could actually experience just like on what happen on 2018-till mid 2020 until it did make out some significant move in 4th quarter.
For now you should prepare yourself whatever the trend would be because this market could really make you shock.

Xinarae*

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Quote from: ?? on ??

Quote from: Rajamuda on June 28, 2021, 01:57:39 AM

Quote from: ?? on ??

~

basically predicting something that will happen is not necessarily certain, but here we are indeed preparing for many things from the possibilities that occur in winter related to crypto prices. although we can not buy but we can still get it in several ways and think more optimistic of course

I do have the money per sé but the problem is that most of it are on investment so I can't really pull it out prematurely because the profits won't be that much so I guess, I'll just have to wait for it I guess.

Investing in bitcoin is about believing and moving forward with positive thinking every trader who comes complains that the price of bitcoin will go up again so even if the price goes down everyone is investing and holding on. It is not possible to give an accurate forecast of the market but it is likely to pump in this year.

SaShiRaJaVu

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Quote from: Leviathan.007 on June 27, 2021, 08:07:08 AM

Analysts at JP Morgan and DailyFX claim that we are in a cryptocurrency winter. However, other analysts, including John Bollinger, disagreed. The creator of the technical indicator of the Bollinger Bands believes that Bitcoin has already recorded a price floor of $ 30,000.

Once i saw these news updates i was expecting the market to rally and it happened in the past 24 hours, majority of the markets moved up and whenever we see these articles about crypto winter from the so called experts i am expecting the reversal rather than following their stupid predictions and that is happening as i write this Cheesy

.

Quote from: Leviathan.007 on June 27, 2021, 08:07:08 AM

In addition to the downtrend, the Bitcoin death intersection pattern was finally formed on June 19. In addition, conflicting news with Bitcoin continues in China, which negatively affects the bitcoin hash rate. On the other hand, the interest of legal investors decreased. These are all factors that lead to a downturn in the market. Likewise, these factors can lead our favorite cryptocurrencies to a deep hibernation.

I would like to these experts today and really want to hear their comment on why the market is recovering after their detailed analysis of a crypto winter Cheesy

.

molsewid

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Quote from: Hamphser on June 27, 2021, 02:59:14 PM

When it comes to indicators based off analysis then we do really have lots came from those so called professionals or experts been telling about those predictions but actually no one really knows on where we do heading.

We had seen that the price had gone down and later on it did really make out some recovery even though not that really much but at least it do shows off some progress that we arent really going further down but nothing is assured as we all know.

If ever this one would be the start of crypto winter then its up to someone on how they would be preparing out theirselves on this situation.
There would really be a time like this to come.So we should be prepared.

We acknowledge the expertise of those technical experts when it comes to predicting the possible market value of bitcoin maybe they are maybe correct on their prediction but not all the time because i'd still believe that bitcoin is unpredictable. Actually the current market situation of bitcoin now is supposedly unexpected but not also alarming i think because we all know how volatile bitcoin is. We just not seen the bitcoin price had hone down this past 5 months of the year since the year 2020 end. But if the crypto winter is coming then I bet we knew already what we were gonna do as bitcoin investors.

davis196

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I can agree with his opinions about institutional investors being reluctant to invest in Bitcoin,after all the FUD coming from Elon Musk and China.Big investors are always cautious and don't want to risk their money.
Maybe we are entering a "crypto winter".This isn't necessarily something bad.
The good news is that the winter won't last forever and a new "crypto spring" will come.
I think that 2021 will be more like 2018.The market will stagnate after reaching the ATH and that stagnation might continue into 2022.

Beparanf

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Quote from: electronicash on June 28, 2021, 02:32:28 AM

Quote from: Rajamuda on June 28, 2021, 01:57:39 AM

Quote from: ?? on ??

I don't know if I should be worried or happy because I don't have any money yet to buy bitcoin to increase my portfolio when the prices really did go down. If this is the winter that they are talking about, I don't think that we will have to worry too much about it.

basically predicting something that will happen is not necessarily certain, but here we are indeed preparing for many things from the possibilities that occur in winter related to crypto prices. although we can not buy but we can still get it in several ways and think more optimistic of course

the warnings that experts tell somehow made me think it's their plan to make us believe the price will continue to drop and then we see prices are actually rising. it's a confusing time when you know you don't control the future price. not good to be very optimistic when it's uncertain but to be prepared for what's coming, i'd prefer to just not look at the price anymore.

The warning is only from JPMorgan and Daily FX which is well known for shilling and bias statement in terms of Cryptocurrency topic. But on the bright side of this news, The creator of Bollinger Bands indicator state that Bitcoin reached already the bottom at 30,000$. This means that the expert opinion is divided and there still some hope for market recovery.

Using Technical Analysis monthly timeframe, It shows how bearish the market for this year after a long Bull market started last year.

NeuroticFish

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Quote from: electronicash on June 28, 2021, 02:32:28 AM

the warnings that experts tell somehow made me think it's their plan to make us believe the price will continue to drop and then we see prices are actually rising.

That's correct, and I could also say that JP Morgan are far from Bitcoin experts, they use to be one step behind the history and they most probably have their own agenda, so their declarations are .. biased, to say the least.

Quote from: electronicash on June 28, 2021, 02:32:28 AM

the warnings that experts tell somehow made me think it's their plan to make us believe the price will continue to drop and then we see prices are actually rising. it's a confusing time when you know you don't control the future price. not good to be very optimistic when it's uncertain but to be prepared for what's coming, i'd prefer to just not look at the price anymore.

Bollinger is a bit more reassuring, but whoever makes predictions, there's no guarantee at all that the predictions will come true. Avoiding to look at the price is one possible course of actions; for me it doesn't work, but I try to not care too much for what happens on short term.

electronicash

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Quote from: Rajamuda on June 28, 2021, 01:57:39 AM

Quote from: ?? on ??

I don't know if I should be worried or happy because I don't have any money yet to buy bitcoin to increase my portfolio when the prices really did go down. If this is the winter that they are talking about, I don't think that we will have to worry too much about it.

basically predicting something that will happen is not necessarily certain, but here we are indeed preparing for many things from the possibilities that occur in winter related to crypto prices. although we can not buy but we can still get it in several ways and think more optimistic of course

the warnings that experts tell somehow made me think it's their plan to make us believe the price will continue to drop and then we see prices are actually rising. it's a confusing time when you know you don't control the future price. not good to be very optimistic when it's uncertain but to be prepared for what's coming, i'd prefer to just not look at the price anymore.

Rajamuda

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I don't know if I should be worried or happy because I don't have any money yet to buy bitcoin to increase my portfolio when the prices really did go down. If this is the winter that they are talking about, I don't think that we will have to worry too much about it.

basically predicting something that will happen is not necessarily certain, but here we are indeed preparing for many things from the possibilities that occur in winter related to crypto prices. although we can not buy but we can still get it in several ways and think more optimistic of course

adaseb

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When is the last time that some large bank offered investing advice that actually worked? Probably never. All these banks and investment firms were calling a bitcoin a scam anywhere from $1-$10000. If they told the truth that it would go to $50K one day then would of made alot of people rich, but they didn't because nobody cares about the little guy.

Same with their stock tips. Last week there was some investment firm that said that Apple shares "might" go up to $130 while the stock currently was $129 or so. Even if they are spot on with that prediction, its not helping anyone. Less than 1 percent profit even if the prediction comes true. This is why never pay attention to any of these guys.

btc_angela

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Quote from: Silberman on June 27, 2021, 04:51:19 PM

Quote from: Leviathan.007 on June 27, 2021, 08:07:08 AM

Analysts at JP Morgan and DailyFX claim that we are in a cryptocurrency winter. However, other analysts, including John Bollinger, disagreed. The creator of the technical indicator of the Bollinger Bands believes that Bitcoin has already recorded a price floor of $ 30,000.
Bitcoin hit a record high of $ 64,804.72 in April, but later, the flagship cryptocurrency has dropped by almost 50% since then, trading at $ 33,039.01 at the time of writing. The price of Bitcoin has risen 1.5% in the last 24 hours after touching the $ 30,000 resistance level. Although the cryptocurrency appears to be recovering, some experts believe the situation could get worse.
In addition to the downtrend, the Bitcoin death intersection pattern was finally formed on June 19. In addition, conflicting news with Bitcoin continues in China, which negatively affects the bitcoin hash rate. On the other hand, the interest of legal investors decreased. These are all factors that lead to a downturn in the market. Likewise, these factors can lead our favorite cryptocurrencies to a deep hibernation.

Source: https://www.investing.com/news/cryptocurrency-news/crypto-winter-is-coming-warns-experts-2543269

I find it interesting that the creator of the Bollinger Bands believes we have reached the bottom, many people do not know this but the people behind the indicators that we know are extremely prepared people, many times applying the same concepts that physicists and mathematicians apply, and while using the Bollinger Bands is relatively easy at the same time this does not mean that it was easy to think about the concept so I am more ready to believe someone like that than whatever JP Morgan has to say about the future price of bitcoin.

Maybe those who are preaching that we are in a crypto winter already are the same people who didn't think that we can reach $64k this year. So there is a pattern, a obvious narrative for them to attack bitcoin again because the price is like 50% from it's previous high.

However, the market is still alive and well, still trading sideways though, but still healthy in my opinion. We have the last quarter to push the price so let's wait and see if those predictions will come true, but I'm optimistic that we might reach another all time high before the end of the year.

Silberman

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Quote from: Leviathan.007 on June 27, 2021, 08:07:08 AM

Analysts at JP Morgan and DailyFX claim that we are in a cryptocurrency winter. However, other analysts, including John Bollinger, disagreed. The creator of the technical indicator of the Bollinger Bands believes that Bitcoin has already recorded a price floor of $ 30,000.
Bitcoin hit a record high of $ 64,804.72 in April, but later, the flagship cryptocurrency has dropped by almost 50% since then, trading at $ 33,039.01 at the time of writing. The price of Bitcoin has risen 1.5% in the last 24 hours after touching the $ 30,000 resistance level. Although the cryptocurrency appears to be recovering, some experts believe the situation could get worse.
In addition to the downtrend, the Bitcoin death intersection pattern was finally formed on June 19. In addition, conflicting news with Bitcoin continues in China, which negatively affects the bitcoin hash rate. On the other hand, the interest of legal investors decreased. These are all factors that lead to a downturn in the market. Likewise, these factors can lead our favorite cryptocurrencies to a deep hibernation.

Source: https://www.investing.com/news/cryptocurrency-news/crypto-winter-is-coming-warns-experts-2543269

I find it interesting that the creator of the Bollinger Bands believes we have reached the bottom, many people do not know this but the people behind the indicators that we know are extremely prepared people, many times applying the same concepts that physicists and mathematicians apply, and while using the Bollinger Bands is relatively easy at the same time this does not mean that it was easy to think about the concept so I am more ready to believe someone like that than whatever JP Morgan has to say about the future price of bitcoin.

Hamphser

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When it comes to indicators based off analysis then we do really have lots came from those so called professionals or experts been telling about those predictions but actually no one really knows on where we do heading.

We had seen that the price had gone down and later on it did really make out some recovery even though not that really much but at least it do shows off some progress that we arent really going further down but nothing is assured as we all know.

If ever this one would be the start of crypto winter then its up to someone on how they would be preparing out theirselves on this situation.
There would really be a time like this to come.So we should be prepared.

sheenshane

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This isn't new, there are more like him trying to spread FUD and seeking public attention. It seems they are also want to become an influencer and trying to call out themself as the expert on predicting the Bitcoin price which is we know that it has an unknown movement or let's say, it's unpredictable.

There's no winter or summer, Bitcoin goes up when the price goes up, just because it's a matter of demand and supply, nothing else matter. It might the continues FUD that happens Bitcoin hardly enough to recover the price due to different FUD has recently happened like China banning that really hurts the market.

I don't think if this JP is worth it to listen to his opinion, which is if we analyze very well, they don't fully understand yet how Bitcoin will work the price.

Topic: Crypto Winter Is Coming, Warns Experts - page 3. (Read 779 times)