Topic: do u think the BTC bottom is in...? - page 2. (Read 932 times)
So far this 2 day average has bested the attempts of BTC to consistently rise and recover prior losses. Beyond this the yellow line is roughly a weekly average and its not even come close to challenging that, we cant especially think BTC will act positively while unable to trade positively for even 2 days. All I see here is sideways, slightly negative and no indication of any bottom pricing being apparent.
It is not easy to speculate about what bitcoin will do because it is such a volatile asset. Sometimes it goes up and sometimes it goes down and we never really know what happens. All we can do right now is to wait for it to go up, and if it goes down that would be upsetting but that's about it, we can't really make anything happen by ourselves, and if it goes down even further then we just need to wait some more.
Also, you failed to include about the cycle, there are two types, the bear and bull cycle. And as we know, the bear market is where the price go down hard that there are people who are afraid to invest.
What people do not understand is that you could buy to get ready for a higher price, but you can't do anything about the price going down, and that is why you shouldn't be worrying about it, just wait for it to recover, that's all you can do and maybe DCA if you have some more money.
The best thing to do is just to accumulate thru DCA in this bear market. This is a win-win situation for all of us. Maybe it's not for all, specially those that I have mentioned, they fear when the market is very volatile and the prices is down. And with that, I can only speculate that the bottom might be reach next year, right before the halving.
It is not easy to speculate about what bitcoin will do because it is such a volatile asset. Sometimes it goes up and sometimes it goes down and we never really know what happens. All we can do right now is to wait for it to go up, and if it goes down that would be upsetting but that's about it, we can't really make anything happen by ourselves, and if it goes down even further then we just need to wait some more.
What people do not understand is that you could buy to get ready for a higher price, but you can't do anything about the price going down, and that is why you shouldn't be worrying about it, just wait for it to recover, that's all you can do and maybe DCA if you have some more money.
What people do not understand is that you could buy to get ready for a higher price, but you can't do anything about the price going down, and that is why you shouldn't be worrying about it, just wait for it to recover, that's all you can do and maybe DCA if you have some more money.
my personal opinion is that the bottom is in and the next bull market are going to be nothing short of game changing.
if we look at all the altcoin charts of course we can conclude that this is a bottom, but for Bitcoin it still hasn't, yes this is why the price of altcoins is still not safe and can't be said to be bearish is over,
because the shadow price of $10k for Bitcoin can still be achieved, so we have to be careful
Any price can be the bottom. It does not need much to cause mass panic or make some announcements to move Bitcoin price to any direction. Recently we have touched $18.4k and bounced back. Some might think that $18k is the bottom, as Bitcoin has already bounced twice from that level. But the same ideas were used when the price was $40k, $30k, $30k. People just like round and beautiful numbers, but the price lives its own life.
some people misquote the bottom of Bitcoin value because they don't know exactly what bottom of Bitcoin is all about, expecting when the bottom will come before investing, in think theirs no cogent reason behind that, because at any stage of bitcoin it's the bottom, but some taught that bottom is all about when bitcoin to the extent of below twenty thousand (20k) and also reach to the value of ten thousand (10k)That is because people are lazy to open a price chart. What is the point of predicting whether yesterdays $18.4k is the bottom, when, for example in December 2018 we had $3.4k ? People are lazy to realize, that each purchase, each buyer has its own bottom. For example those who has bought bitcoin at that price of $4k, now read this topic and smile, when they see $19k. And it is oppose, those who have bought at $60k, probably sold at $40-50k and that was their bottom.
It is much expected bounce. The price that dropped around $18k have made a good bounce. This will go further reaching $20k+ and when the interest rate is being announced we can experience the decline or upward movement of the market. By that time the decline could go far below the price thats been reached earlier. The four year cycle is perfectly making a coincidence.
well if we will check the market there might be an increase because the price stands 19k now but still struggling to break 20k so maybe a little wait will help.But I'm afraid that there will be a further increase because the world is in so much pain now from the problem arising from here and there and the world economy is still in hard shape now.
As I invested in Bitcoin, I'd never thought about the bottom price for I never know what it would be in the first place. The volatility of the market seems to affect the entire market which makes it hard to say if we are already on that status or not. Honestly, it is all just a sort of market assumptions and speculations which mostly wrong. We're not yet sure if that $18.4k as you have said is the bottom price because as long as we are still in the bear season that is most likely changes and drops will come.
One of the most plausible reasons why people want to know the lowest price is because they want to collect bitcoin. This year the bitcoin price dropped to $17.5K around mid-July, and it was the lowest point after ATH in the second week of November 2021. This means that this is the 10th month that bitcoin is in a bearish phase although some people have been very successful in profiting from price fluctuations.Of course we can expect some price increase during the rest of the year, but several factors need to be considered given the Mt.Gox distribution has not yet been realized. I might think the distribution of bitcoins that Mt.Gox will have an impact on the market, but it won't be very pronounced if the distribution percentage is not more than 20% per stage. In terms of probability, I believe the maximum decline could be up to 80% of ATH, but I also don't deny that the price could drop lower than that percentage.
It is much expected bounce. The price that dropped around $18k have made a good bounce. This will go further reaching $20k+ and when the interest rate is being announced we can experience the decline or upward movement of the market. By that time the decline could go far below the price thats been reached earlier. The four year cycle is perfectly making a coincidence.
This discussion about where the fund is reminds me of a few years ago when the price of bitcoin dropped from $20,000 to $3100. at that time they said that the fund was 1000$ but the price never dropped back to 1000$, that is, the real fund was 3100$, for the forecast of where the fund is currently I would say that I still don't know, I say that because it seems to me that the support that is at 18000$ is very strong and whenever it drops a lot and the price immediately goes back up, maybe the bottom is 17000$. as we are in a situation where the price only drops a lot so I will wait to see if it breaks the 17000$, if it doesn't break the 17000$ and recovers then the bottom was really the 17000 to 18000$
people are just trying to guess where the bottom is, i would say that saying where the bottom is is the same as playing some gamble, with the difference that if someone hits that person doesn't win anything
No one really knows on whats the bottom which it is...
people are just trying to guess where the bottom is, i would say that saying where the bottom is is the same as playing some gamble, with the difference that if someone hits that person doesn't win anything
Any price can be the bottom. It does not need much to cause mass panic or make some announcements to move Bitcoin price to any direction. Recently we have touched $18.4k and bounced back. Some might think that $18k is the bottom, as Bitcoin has already bounced twice from that level. But the same ideas were used when the price was $40k, $30k, $30k. People just like round and beautiful numbers, but the price lives its own life.
some people misquote the bottom of Bitcoin value because they don't know exactly what bottom of Bitcoin is all about, expecting when the bottom will come before investing, in think theirs no cogent reason behind that, because at any stage of bitcoin it's the bottom, but some taught that bottom is all about when bitcoin to the extent of below twenty thousand (20k) and also reach to the value of ten thousand (10k)or good calls which i cant blame out people on having that impression that this might be the bottom considering that the price had plummuted below 19k which we havent seen once in a while.
For those who do short on futures trading then are the ones making out money and now its not bad to make out some snipping profits from that small increment increase that we do have in price.
Its up on someone actually in regarding into these kind of investment decisions since not all would be having the same mindset.
Any price can be the bottom. It does not need much to cause mass panic or make some announcements to move Bitcoin price to any direction. Recently we have touched $18.4k and bounced back. Some might think that $18k is the bottom, as Bitcoin has already bounced twice from that level. But the same ideas were used when the price was $40k, $30k, $30k. People just like round and beautiful numbers, but the price lives its own life.
some people misquote the bottom of Bitcoin value because they don't know exactly what bottom of Bitcoin is all about, expecting when the bottom will come before investing, in think theirs no cogent reason behind that, because at any stage of bitcoin it's the bottom, but some taught that bottom is all about when bitcoin to the extent of below twenty thousand (20k) and also reach to the value of ten thousand (10k) Any price can be the bottom. It does not need much to cause mass panic or make some announcements to move Bitcoin price to any direction. Recently we have touched $18.4k and bounced back. Some might think that $18k is the bottom, as Bitcoin has already bounced twice from that level. But the same ideas were used when the price was $40k, $30k, $30k. People just like round and beautiful numbers, but the price lives its own life.
$17k+ was seemed to be the bottom for this cycle. But I've seen that many are saying that it could really go below as much as $12k and then the lowest might be $10k.As bitcoin bounces back, this is only showing how strong it is at these points.
When it's below $20k, people are speculating the lowest that it can go and that's typical because they want to see the lowest price of it so, they can buy.
Any price can be the bottom. It does not need much to cause mass panic or make some announcements to move Bitcoin price to any direction. Recently we have touched $18.4k and bounced back. Some might think that $18k is the bottom, as Bitcoin has already bounced twice from that level. But the same ideas were used when the price was $40k, $30k, $30k. People just like round and beautiful numbers, but the price lives its own life.
Yup, i also don’t get the point of discussing the lowest amount of Bitcoins.
You should thank to God that you are getting to buy the Bitcoins at such a low price. Now if you cry for more less price and miss the best price, then don’t blame other people. You had the chance and you missed it due to more greed.
So if you are finding Bitcoins at around 20k usd, then just buy it by closing the eyes. Next is to wait for few weeks and definitely you will see some profits in your balance.
Any price can be the bottom. It does not need much to cause mass panic or make some announcements to move Bitcoin price to any direction. Recently we have touched $18.4k and bounced back. Some might think that $18k is the bottom, as Bitcoin has already bounced twice from that level. But the same ideas were used when the price was $40k, $30k, $30k. People just like round and beautiful numbers, but the price lives its own life.
there has been a new prediction from social media, I had read it on telegram, that after the merge Ethereum,
the price of Bitcoin will drop below $19k, I am really surprised to see this statement, of course it can happen,
and I really have to prepare for it, maybe not just me, all traders should prepare in case it happens
Damn, how did these people know this would happen? You wrote this back in August and it is so true as we hit below $19K after the Ethereum merge?
I want to know where you learned this because maybe they have some better predictions also.
and yes it is all prediction that we can find the answer sometimes correct but mostly wrong lol.
but even if this prediction created weeks ago? yet people did not see this coming as the merge says will bring more higher lol.
It's all just a prediction and this prediction is absolutely correct predicting bitcoin will drop below $19k after the merger of ETH. You should also not be too strict, demanding accuracy to each unit, although bitcoin today sometimes drops to 18.4kUSD.
According to the post history, this prediction was made on August 19th. Actually, this is a very surprising prediction, while most of us here cannot make predictions about bitcoin price and we focus only on ETH price in the days before and after the merger.
there has been a new prediction from social media, I had read it on telegram, that after the merge Ethereum,
the price of Bitcoin will drop below $19k, I am really surprised to see this statement, of course it can happen,
and I really have to prepare for it, maybe not just me, all traders should prepare in case it happens
Damn, how did these people know this would happen? You wrote this back in August and it is so true as we hit below $19K after the Ethereum merge?
I want to know where you learned this because maybe they have some better predictions also.
and yes it is all prediction that we can find the answer sometimes correct but mostly wrong lol.
but even if this prediction created weeks ago? yet people did not see this coming as the merge says will bring more higher lol.
there has been a new prediction from social media, I had read it on telegram, that after the merge Ethereum,
the price of Bitcoin will drop below $19k, I am really surprised to see this statement, of course it can happen,
and I really have to prepare for it, maybe not just me, all traders should prepare in case it happens
Damn, how did these people know this would happen? You wrote this back in August and it is so true as we hit below $19K after the Ethereum merge?
I want to know where you learned this because maybe they have some better predictions also.
I think the bottom prices will be between 10 thousand and 13 thousand dollars. I will definitely start collecting bitcoins at these prices. We can see 13 thousand dollars soon. The first target is around 17 thousand, then 13 thousand. Of course there is no certainty. This is my personal opinion and buying points. If it doesn't come here, I won't buy it anyway.
Because the movement of Bitcoin is difficult to predict and there is no certainty, so everyone is free to make their own predictions based on
the results of their respective research and analysis. I respect your opinion which predicts that the lowest price of Bitcoin will be between $10k and $13k.
But the problem is that your prediction is not necessarily accurate, so if the price of Bitcoin in the end does not move according to your expectations.
Which you will only buy Bitcoin when the price of Bitcoin reaches the lowest price you want, it will make you regret in my opinion. My advice is
that we don't need to buy Bitcoin waiting for the Bitcoin price to reach the lowest price, because we can't be sure of the lowest Bitcoin price.
Actually buying Bitcoin can be at any price, because the price of Bitcoin will always rise to a higher price when the bull market comes. So buying
Bitcoin at any price can make a profit, the most important thing is that we can hold Bitcoin in the long term. Instead of regretting that we don't have
a lot of Bitcoin in the end because we keep skipping buying Bitcoins just because Bitcoin didn't hit the lowest price we wanted.
Price recently made a new low for this week, its not currently even bouncing back from the last sell. We have to call it weak when it not only slips off the ladder but sits on the ground and doesnt get back up and try again. Wait for it to break either way as we could just be in a quiet spot, a test of patience more then price but Im not presuming anything on bottom pricing till we establish a trend, we are more apathetic at present.
Industry experts claiming that this bear market will last for 2-3 months max. By the end of this year we might see Bitcoins reaching 50k usd again. This is just an estimation and predictions, and to be honest I am also tired of seeing so many predictions.
Regarding the panic selling thing, yes i too agree on that fact that people don’t understand the market and panic sell their hard earned Bitcoins.
Nevertheless let’s see what happens next, and at least hope that Bitcoins should cross 30k usd by end of September.
Honestly I don't see bitcoin have potential back above $50,000 few months later after many bad news appear when bitcoin have reach little higher price. Looks have some community try to make bitcoin pump and dump drastically to get moment with short term trading, I think when bitcoin raise higher price last two days right now bitcoin back lower price from $23,000 and nowadays drop back under $20,000. Some people and investor still panic moment when bitcoin suddenly drop include have bad news will make them most panic for selling all bitcoin assets, hard to make them understood with bad news not give forever impact with bitcoin always drop.Regarding the panic selling thing, yes i too agree on that fact that people don’t understand the market and panic sell their hard earned Bitcoins.
Nevertheless let’s see what happens next, and at least hope that Bitcoins should cross 30k usd by end of September.
not.We should still consider that there's still having those Mt.Gox sell off that we've been keeping on talking several weeks ago and if that one would pushed through then i do expect something even more
decrease or decline on the market thats why we cant really make out conclusions about bottoms or peak prices because thats not how the market works or something predictable.
As a trader then it would really be just right that you would really be that wise and taking up the risk on every decision you do make.
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