DON'T MISS! Proof Bitcoin/Crypto Nowhere Near Bottom! - page 2.

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legendary

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Quote from: Baofeng on January 01, 2020, 12:38:49 PM

We have like what 5 months from halving? I think we have reach the bottom when we hit ~$3.4k last 2018. And I don't think that we can go down even further. At $1k-$2k BTC per pop? Nah.

We could be trading sideways around the $7k-$8k for months and unless there's a massive FUD then we won't see any further down-side, in my opinion.

Yeah I agree, the chances for some more boring sideway action are rather high.

Baofeng

legendary

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We have like what 5 months from halving? I think we have reach the bottom when we hit ~$3.4k last 2018. And I don't think that we can go down even further. At $1k-$2k BTC per pop? Nah.

We could be trading sideways around the $7k-$8k for months and unless there's a massive FUD then we won't see any further down-side, in my opinion.

BChydro

hero member

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Quote from: koshkamia91 on December 30, 2019, 06:12:35 AM

Don't lose sight of the BIG BEARISH picture! So many people are calling the bottom right now, but the big picture analysis says that the bottom is NOT in.

If you are expecting a bottom in the next few months then you are free to hold your investment and invest during that period, i really do not trust any analyst who predicts the market simply because they do not have the data they require to analyse because the market is just ten years old and you cannot trust an analysis like that. If there is a bottom coming up i really do not mind investing further and wait for the next rally.

beerlover

legendary

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Bottom could be around these prices, there is no way bitcoin stays the same so I am sure there is still a "possibility" of bitcoin going lower that is for sure, I wouldn't disagree with that idea but what if the price suddenly increases like hell? That means the bottom at $7k and then a new price of $15k or whatever bitcoin does crazy would mean $7k was the bottom, sure there are always chances of going down to $5k but we can't just let that above $10k possibility go away neither.

So, I think bottom is where we decide next the bottom is, if we decide to go down then that is the new bottom, if we decide to go up then this is the bottom and that is why what happens in the future decides the today's prices so much as well. I personally think this is the bottom, we are not going anywhere under $6.9k at all.

panganib999

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Quote from: Reid on January 01, 2020, 03:44:30 AM

So are we really going to risk the waiting period?
What if doesn't happen?
I dont think so.
There are cases in bitcoin where analysts are making the wrong prediction and it happens a lot.
Yeah, I want to buy it cheap but not to the extent where I might risk it too much of the coming uptrend wave.

Well, taking an investment into BTC is already a risk in of itself. Analysts do indeed make mistakes, that's why the practice of DYOR is always followed in trading and investing though. Just invest what you can and imo, you should be fine. It doesn't need to be a huge investment of thousands to millions of dollars. Even a hundred is fine, as long as you can handle the amount and it being subtracted from your total budget is not enough to affect your life.

Quote from: longyenthanh on December 31, 2019, 12:32:20 PM

Bottom is the price you set yourself while a stock or crypto coin is falling. No one can be sure of what will be the exact bottom, it can be only confirmed when a stock or crypto coin start moving up and that was too late to buy anything. So make up your mind and start buying at price you think is minimum.

Isn't Bottom the price of BTC after a bear run? or at least at a certain period of time, where it doesn't go below that. Like for this few months, the bottom of BTC was around 6.4-6.6k iirc.

fabiorem

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Bitcoin is still in a bear market after two years, and had some sideways movement during the last year.
Its true the bottom is not in, but if you buy small amounts, and plan for a long period, its not a bad idea to buy now.

Remember that we are in halving year, and even if the cycle got stretched, the probability of a reversal will grow larger as time passes. So buy it now or regret later.
For now, the price is still pointing to $3500, but any sudden bearish movement could trigger a reversal.

Reid

hero member

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So are we really going to risk the waiting period?
What if doesn't happen?
I dont think so.
There are cases in bitcoin where analysts are making the wrong prediction and it happens a lot.
Yeah, I want to buy it cheap but not to the extent where I might risk it too much of the coming uptrend wave.

longyenthanh

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Bottom is the price you set yourself while a stock or crypto coin is falling. No one can be sure of what will be the exact bottom, it can be only confirmed when a stock or crypto coin start moving up and that was too late to buy anything. So make up your mind and start buying at price you think is minimum.

Oceat

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Quote from: dimonstration on December 31, 2019, 10:05:35 AM

Quote from: barota on December 31, 2019, 05:55:09 AM

in my opinion prices now very cheap and the bottom already in ; the prices should be 10k at latest . all past halving give rides huge green . for this reason everyone should buy right now . but wait buying cheap and cheap is not good for me

Even halving will happen this 2020,we can't still say that's its a deep already. Chances are the price can still move down before halving happens. Bitcoin is volatile and even there are events that should affect the price, it's still not happening as the trend change after the ATH effect. It will all depend on us were to decide on selling and buying.

Technically, I would say that the bottom has been hit already this year when Bitcoin hit the $3,500 and that was the very bottom that I know within this year. But if someone wants to know about the another bottom well, I don't know what bottom are they looking up. Bitcoin support is quite strong that it stays at $7k after it drop from $6k.

dimonstration

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Dimon69

Quote from: barota on December 31, 2019, 05:55:09 AM

in my opinion prices now very cheap and the bottom already in ; the prices should be 10k at latest . all past halving give rides huge green . for this reason everyone should buy right now . but wait buying cheap and cheap is not good for me

Even halving will happen this 2020,we can't still say that's its a deep already. Chances are the price can still move down before halving happens. Bitcoin is volatile and even there are events that should affect the price, it's still not happening as the trend change after the ATH effect. It will all depend on us were to decide on selling and buying.

panganib999

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Well yea, bottom? I doubt BTC would go there. Not at least in a few years I'd say. You could even say that BTC is approaching its peak right now, and only when the second to the last halving or halving occurs would BTC probably reach its peak,and only after would it dwindle. That is, as long as the interest of traders and investors alike are still aligned with the end goal of the existence of BTC.

Quote from: barota on December 31, 2019, 05:55:09 AM

in my opinion prices now very cheap and the bottom already in ; the prices should be 10k at latest . all past halving give rides huge green . for this reason everyone should buy right now . but wait buying cheap and cheap is not good for me

They are cheap, but not at the bottom. 10k? That was just due to a sudden pump, and there was no way the price was gonna stay there. Hell, I'm actually glad it's in 7k rn cause I can be rest assured that it has regulated there and market pushes or pulls wouldn't easily influence it.

barota

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in my opinion prices now very cheap and the bottom already in ; the prices should be 10k at latest . all past halving give rides huge green . for this reason everyone should buy right now . but wait buying cheap and cheap is not good for me

adaseb

legendary

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I don't think many people think the bottom has been hit. Actually most people are calling for $5000-$5500 to be the bottom, they are thinking the 200 WMA is going to be strong support again like it was at $3100 about a year ago.

The issue is that since everybody is bearish right now and expecting $5500 then most likely the opposite will happen. We will either go up from here, or we go down but don't reach the $5500 area.

I've seen those log charts you posted, and they sure suggest a bottom is far away but they are very high time frame charts and I don't think there are enough data point to make them prove accurate.

YuginKadoya

legendary

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In my opinion, it is always good to enter Bitcoin even though we are in a bullish trend but it is in the best thing that one should enter a bearish market, but investing in Bitcoin has no prior market highs or lows it is always a good thing to surely invest in it,

This Bottom thing, in my opinion, is not really important I think that the important thing here is to keep you update with the big all-time high that is always happening, in the sign of a bearish movement all I am doing is not keeping this a problem to always enter my money even a small amount is an additional investment in my opinion.

bassbity

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Quote from: Wexnident on December 30, 2019, 08:31:44 PM

No one even knows when Bitcoin would actually hit its minimum lmao. Its easier said than done you know. With how confusing its movement at times is, and how dumps and pumps suddenly happen. I'd rather just buy it rn or some time close today and just hold for a long time. Even if I don't get the maximum money I could get, I can still get the minimum.

That's a good way, when you buy bitcoin then keep it in a cold wallet and then stay the market for a long time I'm sure this will be a surprise later when you reopen the market, because if buying continues to still monitor the market I'm sure it won't went wrong because many people would have speculated about the price of bitcoin so you were affected by it.
So what you say is good too.

thecodebear

hero member

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Ha no, if you are talking about the bottom from a year ago, that is long since passed. Current bottom is 6000s. Expect to see price start rising again in early 2020. A stalling out of price after a big rise following the end of the bear market is normal. My guess is we're coming to the end of that price stall, and this bull market cycle will continue soon. Long term the second half of this year will just look like a part of 2-3 year bull market.

Wexnident

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I don't request loans~

Well, yea. Even without looking at what you said, just the fact that BTC has started from 3k this year and ended at 7k is already a sign that it ain't gonna bottom out anytime soon. Plus, if we were to look at the decades, then that's less than a dollar to 7k this year, which is an impressive feat I might say.

Quote from: oleg681010 on December 30, 2019, 01:41:42 PM

This means that you should wait to buy bitcoin at the minimum and raise a lot of money at the peak.

No one even knows when Bitcoin would actually hit its minimum lmao. Its easier said than done you know. With how confusing its movement at times is, and how dumps and pumps suddenly happen. I'd rather just buy it rn or some time close today and just hold for a long time. Even if I don't get the maximum money I could get, I can still get the minimum.

sunsilk

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Quote from: oleg681010 on December 30, 2019, 01:41:42 PM

This means that you should wait to buy bitcoin at the minimum and raise a lot of money at the peak.

Or buy bitcoin at the current prices before it goes up unexpectedly. There are people that are always looking for the bottom and a bottom after a bottom. They have their own standards of how much the bottom is but if you will rely on them you're likely to miss the buying opportunity. If you will always wait for the said bottom of those analysis, how long you are willing to wait for it if from time to time those calls are changing?

It's good to read and listen sometimes to these analysis but we have our own verdict still at the end of it. But if you are allowing yourself to be influenced with these analysis, you will never have the time to decide for yourself whether it's the bottom or not, whether it's at the peak and time for selling.

christian07

full member

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For me all are possible like even market drops now with btc,alts then tokens still this can grow but if they only think or analyze that
Bitcoin is at the bottom then this will grow like with assurance then i think that's can happen but not for sure because like example
for me users,traders and investors will feel fear this december drops like this will take 2 months like continue to drops then after that
this will grow,Moreover for me btc price is high so this have high chance that this will drops

moviebuff777

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It depends on who you ask as to which way it’s going to go in the short term. Who do we believe? The truth is that no one knows in the short term what will happen. I will buy more if it drops. And I will hold if it rises. We should all have a strategy for either situation.

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