Topic: Dump market potential? - page 6. (Read 1145 times)

Any sudden increase in price is always subject to correction, so I think sooner or later we can see a dump when people realized that they have been played by the market manipulation of some people and when investors take their profit after this surge.

There are some confusion that might make me a little doubtful about the development of Bitcoin prices and adoption in 2024, which we all know that we will face Halving Bitcoin as well as the ETF agreement which is the most powerful indicator in encouraging Bitcoin prices, so that many people are speculating and accused The nominal is quite fantastic in Bitcoin in the last 2 years of the current cycle.

Actually what's makes bitcoin to fall and rise is information and from my perspective a country war can not make a bullrun if its to occur in 2024 not to occur, the problem between Palestinian and Israel is not supposed to have any effect in cryptocurrency market what guarantees the increase in price of bitcoin is when a bitcoin have a good investors that come into the market.

Besides some countries ban bitcoin but bitcoin continues to exist, so that should be one of the major reasons and concerns we have in cryptocurrency, country conflict or challenge does not have any impacts in bitcoin increment and bitcoin decrement, let as assume as I portrayed before that what triggers the anger of bitcoin to come up in price is due to supply and demand, when the supply is higher than demands the price of bitcoin get increased.

Actually what's makes bitcoin to fall and rise is information and from my perspective a country war can not make a bullrun if its to occur in 2024 not to occur, the problem between Palestinian and Israel is not supposed to have any effect in cryptocurrency market what guarantees the increase in price of bitcoin is when a bitcoin have a good investors that come into the market.

Bitcoin may have fallen a little in price, it is true, but I think the range will be $32-$35k, for me that is what can be done in this cycle before December, for December I think it will be easy to reach os $40k and if the positive results continue for the BTC ETG then it is much easier for it to jump to $40k, for me it is a fact that it can reach that price, what is stopping this trend are the wars that exist in January In the world, because if the world were without wars and everything was fine, the price of Bitcoin would be higher because investors are not going to invest with all that intrigue of wars.

The price of Bitcoin could rise well into 2024 when the ETF deal is completed and the Bitcoin halving occurs. When the halving started in the Bitcoin market, it encouraged the growth of the Bitcoin market and led to a strong bull run in the market. After the halving cycle there is no doubt that the Bitcoin market will go higher and people are waiting to see this wonderful market. When the Bitcoin market is in a cycle we can definitely understand that Bitcoin will be affected and the price of Bitcoin will increase significantly. Moreover, we have seen the bitcoin market have been in a very bad position in the past and we have overcome this volatility and bitcoin has not been in that position but has moved higher. Moreover, no matter how bad we are in the market, we can certainly expect that at some point the Bitcoin price will meet the bulls and the bad times will be over. So you don't feel volatility, rather hold on to your FUD and don't worry if it's bearish, bulls will come next.

There are some confusion that might make me a little doubtful about the development of Bitcoin prices and adoption in 2024, which we all know that we will face Halving Bitcoin as well as the ETF agreement which is the most powerful indicator in encouraging Bitcoin prices, so that many people are speculating and accused The nominal is quite fantastic in Bitcoin in the last 2 years of the current cycle.

There is a dilemma that disturbs my mind, about the wider potential of war in the region of Palestine, we witness the reactions of various countries at the end of this week in the area, and show the great power of the eastern and western blocs, which we know that America and Friends said firmly that they became a strong supporter of Israel's annexation to the Palestinian region. Conversely Russia, North Korea and neighboring Palestinians, Turkey, Afghanistan, Iran and others support Palestinian independence and are ready to be behind Palestinian troops, which all makes conflict and political tension of the power of the world's major blocks that might trigger a big war to occur if did not find a meeting point in this conflict.

From various sequences of problems and many aspects that can be associated, I become doubtful with the price development of Bitcoin which in the event of this war is enlarged, so as usual Bitcoin will experience a price decline, even though we know it is not just bitcoin that will be a victim of this conflict happen.

I do not mean to frighten or make FUD, I just want to discuss to share thoughts, but for an bitcoin intelligent investor, how do you respond to conflicts that have probability to suppress Bitcoin prices?

Like yours mate , Am also buying the dip  but so far as the price growing since early this day,I think better for me to sell Half of my holdings while waiting for another dump , because it is obvious that before the halving comes we will see another Bear market.

Market performance today is impressive and I believe that this is only for temporary ,so i may consider selling later today and wait for buying again and I know it will surely happen.

Nice graph actually and I have a big belief that we are not yet finish in bearishness because that is the trend each time halving happened .

I'm hold out for the "Buy the dip" moment!

I agree, looking at the ongoing surge I also would expect a "correction" to happen,
Maybe soon or maybe in the short term but it does tend to happen.

Looking at the RSI currently it suggests the market is kind of over bought and generally
there follows a corresponding drop.

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I'm hold out for the "Buy the dip" moment!

In every uptrend there is correction that always follows, it is not news that in correction or dump follows when a market is done surging since those who buy at a lower price tend to exit to take profit.  A good example of this kind of scenario is when Bitcoin breaks its ATH, it is followed by a correction and bear market trend showing that a dump is inevitable after an uptrend.

The current scenario where Bitcoin rallies to $31k+ can also possibly suffer a dump due to people taking profit.

About the ongoing war between Israel and Palestine, I don't think that it will escalate to a global war because other countries will keep each other in check preventing them from directly participating and sending their troops in the ongoing war.

I also think there is always dump potential and not only because of wars around the world. World is literally heading towards unemployment and recession so I am very doubtful how much loans people can take and how much money people can save and invest in Bitcoin. In some countries people are literally buying food and toilet paper and other type of necessary goods with long shelf life to protect themselves from inflation. For Bitcoin to take off and fly, we need more people with savings that will buy.

I also think there is always dump potential and not only because of wars around the world. World is literally heading towards unemployment and recession so I am very doubtful how much loans people can take and how much money people can save and invest in Bitcoin. In some countries people are literally buying food and toilet paper and other type of necessary goods with long shelf life to protect themselves from inflation. For Bitcoin to take off and fly, we need more people with savings that will buy.

I wish for no war but what if there is war, what makes you think that the price of bitcoin will fall?

Some people will always see something to say about the price of bitcoin not to rise. It is good for you not to think like that because the bull run period is very near. Buy and hold bitcoin is my advise. People should not think about any war but think that the price of bitcoin will increase. I have started to DCA and if the price of bitcoin does not fall below $20000 again, I will buy more bitcoin some weeks to halving.

Some people are saying there is possibility that third world war has begun, but which I will not believe for it not to affect my bitcoin investment.


Bitcoin’s long-term investors own over 76% of all BTC for the first time

There are some confusion that might make me a little doubtful about the development of Bitcoin prices and adoption in 2024, which we all know that we will face Halving Bitcoin as well as the ETF agreement which is the most powerful indicator in encouraging Bitcoin prices, so that many people are speculating and accused The nominal is quite fantastic in Bitcoin in the last 2 years of the current cycle.

There is a dilemma that disturbs my mind, about the wider potential of war in the region of Palestine, we witness the reactions of various countries at the end of this week in the area, and show the great power of the eastern and western blocs, which we know that America and Friends said firmly that they became a strong supporter of Israel's annexation to the Palestinian region. Conversely Russia, North Korea and neighboring Palestinians, Turkey, Afghanistan, Iran and others support Palestinian independence and are ready to be behind Palestinian troops, which all makes conflict and political tension of the power of the world's major blocks that might trigger a big war to occur if did not find a meeting point in this conflict.

From various sequences of problems and many aspects that can be associated, I become doubtful with the price development of Bitcoin which in the event of this war is enlarged, so as usual Bitcoin will experience a price decline, even though we know it is not just bitcoin that will be a victim of this conflict happen.

I do not mean to frighten or make FUD, I just want to discuss to share thoughts, but for an bitcoin intelligent investor, how do you respond to conflicts that have probability to suppress Bitcoin prices?

I think they can actually, since they are mostly global but we shouldn't worry too much as you said since the effect wasn't permanent and it was a good thing in fact because helps us to buy at a very good rate. Those events you mentioned are indeed worse but the negative effect are mostly felt outside by the humans and not really for Bitcoin because BTC surprisingly show a good increase during it.

I think that is because people that are affected, mainly use it more than the fiats. Ups and downs are more normal than what we are witnessing now which was stability but maybe some people like it especially if they use their BTC more as a currency.

there is no need to worry too much that geo-political and global economic issues will affect the price of bitcoin significantly, it does affect it, but not to the point where the price of bitcoin plummets. bitcoin has gone through the worst phase faced by humanity, namely covid-19, the russian and ukrainian wars, and several other major events, and until now it still stands tall and is still the best digital asset that people choose.

i remain optimistic about the future of bitcoin because history has spoken about how bitcoin has survived until now. maybe in the future the bitcoin market will experience ups and downs and that is normal when a market experiences something like that, but i remain confident that bitcoin will be able to get through that.