From Sideways to Downhill - page 2. | Bitcointalksearch.org

LastKiss

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Quote from: roadrunnerjaiv2025 on June 13, 2022, 07:24:50 AM

Apparently, the sideways market broke down not out. Are we in a "now what" situation? Or do you think this is as far down as it goes? Even the week chart looks bad for BTC. Any suggestions what to do?

Depending on what is your plan, people tend to have a lot of different opinions in this bearish market but if you believe someday that Bitcoin will reach new ATH then just buy this dip and leave it until some years. Don't get your mind got involved by other people, by other media, by the government, just you the one who invests and has faith in it.

Ultegra134

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Quote from: Baofeng on June 22, 2022, 07:55:15 PM

Quote from: Ultegra134 on June 22, 2022, 04:40:02 PM

Quote from: Dave1 on June 22, 2022, 03:18:38 AM

Quote from: Jatiluhung on June 19, 2022, 08:07:37 PM

the solution in the current market situation is to keep an eye on and look for opportunities to enter carefully. using the DCA technique. we can pay in installments and also sell gradually when we make a profit. However, sometimes in a bear market, more people panic to sell and are afraid to buy.

The opportunity did come along right? peg at $17,500 for me that is the lowest low that we might see in this bear market as I don't predict that we can go lower than that (I might be wrong). But the point is, even if we are in a bear market and volatility is high, we can still make some adjustments on our investment. You can DCA or buy when the price goes down. No need to panic if you have been in this already because experience tells us that we will recover and bounce back again in the next bull run.

Surprisingly, it didn't stay at $17.500 for long and quickly bumped back to $19.000 - $20.000 within a couple of hours, something which I wasn't expecting. It's currently sitting at $20.160 and looks like it's crashing again (- 3.10% 24h). My bet is that it'll move towards $18.000 in the upcoming hours and probably stay in the range of $18.000 - $20.000 for quite some time.

Edit: And yup, 10 minutes later, and we're already well below $20.000 (- 5.10%).

And now we are above, but with so much volatility, I wouldn't be surprised if we are just going around this price and more of a sideway patterns in the next coming weeks.

As for the bottom price, yes, it's too early at $17k maybe next year it will go down hard again.

Perhaps this down turn we've seen is because of testimony of Fed chairman Powell as he didn't confirmed or deny and didn't give anything regarding the rampant inflation that the US is experiencing in the last decade.

An hour later after my post, it was already heading towards $21.000. The past few weeks have been extremely volatile, my best guess is that such volatility will continue for quite some time. At one point, I was certain that we were going to reach $15.000, however, it quickly recovered from $17.500. Although, it's way too quick to judge, because it could suddenly crash again, just like it happened a few days ago.

Despite the small recovery attempt today, one thing is for sure, it'll be a long and depressing winter. I hope I'm wrong.

Sang Prabu

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Bitcoin is always interesting to follow, up and down an unexpected price makes us have to always watch the price, and now the price that drops more than 30% compared to the beginning of June makes us have to be patient with hold, even if we have large capital then now now is a good time to buy.

Smitty Werben Man Jensen

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Quote from: Pomogator on June 23, 2022, 01:56:57 AM

Quote from: yhiaali3 on June 22, 2022, 10:33:04 PM

In this case you can only do one thing "Hold", this is the best option at the moment all the weak hands who sold their bitcoin will surely regret, another thing you can also do if you have a dollar you have to buy more bitcoin Every drop because this is a great opportunity that may not be repeated in the future. The market situation is now difficult and the global economy is in a downturn so it is better at this stage to leave work and go on vacation until the situation stabilizes. Personally, I am optimistic that Bitcoin will do it this time as it has always done and come back stronger than it was.

This situation has already happened with bitcoin, it lost its price and fell to the very bottom. I think now exactly the same situation, we need to be patient and keep our bitcoins until better times. Of course, these are very bad days in the crypto world, but you should not give in to emotions.

Saying it fell to the bottom is not really even though it is currently at $20k and maybe the price will stabilize there,
when the market is bullish of course the price of Bitcoin will skyrocket,
that's true and most importantly stay patient and don't give up because sooner or later the market will recover

Pomogator

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Quote from: yhiaali3 on June 22, 2022, 10:33:04 PM

In this case you can only do one thing "Hold", this is the best option at the moment all the weak hands who sold their bitcoin will surely regret, another thing you can also do if you have a dollar you have to buy more bitcoin Every drop because this is a great opportunity that may not be repeated in the future. The market situation is now difficult and the global economy is in a downturn so it is better at this stage to leave work and go on vacation until the situation stabilizes. Personally, I am optimistic that Bitcoin will do it this time as it has always done and come back stronger than it was.

This situation has already happened with bitcoin, it lost its price and fell to the very bottom. I think now exactly the same situation, we need to be patient and keep our bitcoins until better times. Of course, these are very bad days in the crypto world, but you should not give in to emotions.

yhiaali3

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In this case you can only do one thing "Hold", this is the best option at the moment all the weak hands who sold their bitcoin will surely regret, another thing you can also do if you have a dollar you have to buy more bitcoin Every drop because this is a great opportunity that may not be repeated in the future. The market situation is now difficult and the global economy is in a downturn so it is better at this stage to leave work and go on vacation until the situation stabilizes. Personally, I am optimistic that Bitcoin will do it this time as it has always done and come back stronger than it was.

Xampeuu

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Quote from: Ultegra134 on June 22, 2022, 04:40:02 PM

Quote from: Dave1 on June 22, 2022, 03:18:38 AM

Quote from: Jatiluhung on June 19, 2022, 08:07:37 PM

the solution in the current market situation is to keep an eye on and look for opportunities to enter carefully. using the DCA technique. we can pay in installments and also sell gradually when we make a profit. However, sometimes in a bear market, more people panic to sell and are afraid to buy.

The opportunity did come along right? peg at $17,500 for me that is the lowest low that we might see in this bear market as I don't predict that we can go lower than that (I might be wrong). But the point is, even if we are in a bear market and volatility is high, we can still make some adjustments on our investment. You can DCA or buy when the price goes down. No need to panic if you have been in this already because experience tells us that we will recover and bounce back again in the next bull run.

Surprisingly, it didn't stay at $17.500 for long and quickly bumped back to $19.000 - $20.000 within a couple of hours, something which I wasn't expecting. It's currently sitting at $20.160 and looks like it's crashing again (- 3.10% 24h). My bet is that it'll move towards $18.000 in the upcoming hours and probably stay in the range of $18.000 - $20.000 for quite some time.

Edit: And yup, 10 minutes later, and we're already well below $20.000 (- 5.10%).

This is an opportunity to start buying now, where $17.5 is a strong support area, so even if the price drops back from the support we set, we still have capital reserves to buy and look for the next support area. The courage to buy according to the analysis is very much needed, because not a few of us are still waiting for a decline and in the end they miss it because the price has gone up, which is the benchmark when the price is getting lower, then change our mindset to make it an opportunity to buy

Baofeng

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Quote from: Ultegra134 on June 22, 2022, 04:40:02 PM

Quote from: Dave1 on June 22, 2022, 03:18:38 AM

Quote from: Jatiluhung on June 19, 2022, 08:07:37 PM

the solution in the current market situation is to keep an eye on and look for opportunities to enter carefully. using the DCA technique. we can pay in installments and also sell gradually when we make a profit. However, sometimes in a bear market, more people panic to sell and are afraid to buy.

The opportunity did come along right? peg at $17,500 for me that is the lowest low that we might see in this bear market as I don't predict that we can go lower than that (I might be wrong). But the point is, even if we are in a bear market and volatility is high, we can still make some adjustments on our investment. You can DCA or buy when the price goes down. No need to panic if you have been in this already because experience tells us that we will recover and bounce back again in the next bull run.

Surprisingly, it didn't stay at $17.500 for long and quickly bumped back to $19.000 - $20.000 within a couple of hours, something which I wasn't expecting. It's currently sitting at $20.160 and looks like it's crashing again (- 3.10% 24h). My bet is that it'll move towards $18.000 in the upcoming hours and probably stay in the range of $18.000 - $20.000 for quite some time.

Edit: And yup, 10 minutes later, and we're already well below $20.000 (- 5.10%).

And now we are above, but with so much volatility, I wouldn't be surprised if we are just going around this price and more of a sideway patterns in the next coming weeks.

As for the bottom price, yes, it's too early at $17k maybe next year it will go down hard again.

Perhaps this down turn we've seen is because of testimony of Fed chairman Powell as he didn't confirmed or deny and didn't give anything regarding the rampant inflation that the US is experiencing in the last decade.

Ultegra134

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Quote from: Dave1 on June 22, 2022, 03:18:38 AM

Quote from: Jatiluhung on June 19, 2022, 08:07:37 PM

the solution in the current market situation is to keep an eye on and look for opportunities to enter carefully. using the DCA technique. we can pay in installments and also sell gradually when we make a profit. However, sometimes in a bear market, more people panic to sell and are afraid to buy.

The opportunity did come along right? peg at $17,500 for me that is the lowest low that we might see in this bear market as I don't predict that we can go lower than that (I might be wrong). But the point is, even if we are in a bear market and volatility is high, we can still make some adjustments on our investment. You can DCA or buy when the price goes down. No need to panic if you have been in this already because experience tells us that we will recover and bounce back again in the next bull run.

Surprisingly, it didn't stay at $17.500 for long and quickly bumped back to $19.000 - $20.000 within a couple of hours, something which I wasn't expecting. It's currently sitting at $20.160 and looks like it's crashing again (- 3.10% 24h). My bet is that it'll move towards $18.000 in the upcoming hours and probably stay in the range of $18.000 - $20.000 for quite some time.

Edit: And yup, 10 minutes later, and we're already well below $20.000 (- 5.10%).

milewilda

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Quote from: Pujangga on June 22, 2022, 02:35:22 AM

Quote from: Majestic-milf on June 22, 2022, 02:16:36 AM

Quote from: roadrunnerjaiv2025 on June 13, 2022, 07:24:50 AM

Apparently, the sideways market broke down not out. Are we in a "now what" situation? Or do you think this is as far down as it goes? Even the week chart looks bad for BTC. Any suggestions what to do?

BTC price fluctuation is something that is common and as an investor, enthusiast or trader, prepare for such situations. I will not want to be the harbinger of doom, but looking at the market cap, BTC is still falling( 20,426.18) as at writing. What to do? A little exercise of patience will be needed as even tho it's going down, it definitely will push back up.

The thing that makes us interested in bitcoin is high price fluctuations, if we want low price fluctuations then we can choose forex trading, I have traded in forex and the price changes are only 2% in a month, so cryptocurrencies are suitable for daily trading

People should realize that because crypto market did really get famous because of its price volatility and we should really be that get used to huge price swings or in huge percentage which is really that a normal day here on this space unlike forex or stocks which is totally different I would say basing on my own personal experience.So risk factor is indeed high for this one and it's up to someone whether they could bare the risk or not because not all are getting used to with these movements so make yourself better prepared because emotions and psychological aspect would be mainly played on.

Dave1

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Quote from: Jatiluhung on June 19, 2022, 08:07:37 PM

the solution in the current market situation is to keep an eye on and look for opportunities to enter carefully. using the DCA technique. we can pay in installments and also sell gradually when we make a profit. However, sometimes in a bear market, more people panic to sell and are afraid to buy.

The opportunity did come along right? peg at $17,500 for me that is the lowest low that we might see in this bear market as I don't predict that we can go lower than that (I might be wrong). But the point is, even if we are in a bear market and volatility is high, we can still make some adjustments on our investment. You can DCA or buy when the price goes down. No need to panic if you have been in this already because experience tells us that we will recover and bounce back again in the next bull run.

Pujangga

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Quote from: Majestic-milf on June 22, 2022, 02:16:36 AM

Quote from: roadrunnerjaiv2025 on June 13, 2022, 07:24:50 AM

Apparently, the sideways market broke down not out. Are we in a "now what" situation? Or do you think this is as far down as it goes? Even the week chart looks bad for BTC. Any suggestions what to do?

BTC price fluctuation is something that is common and as an investor, enthusiast or trader, prepare for such situations. I will not want to be the harbinger of doom, but looking at the market cap, BTC is still falling( 20,426.18) as at writing. What to do? A little exercise of patience will be needed as even tho it's going down, it definitely will push back up.

The thing that makes us interested in bitcoin is high price fluctuations, if we want low price fluctuations then we can choose forex trading, I have traded in forex and the price changes are only 2% in a month, so cryptocurrencies are suitable for daily trading

Majestic-milf

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Quote from: roadrunnerjaiv2025 on June 13, 2022, 07:24:50 AM

Apparently, the sideways market broke down not out. Are we in a "now what" situation? Or do you think this is as far down as it goes? Even the week chart looks bad for BTC. Any suggestions what to do?

BTC price fluctuation is something that is common and as an investor, enthusiast or trader, prepare for such situations. I will not want to be the harbinger of doom, but looking at the market cap, BTC is still falling( 20,426.18) as at writing. What to do? A little exercise of patience will be needed as even tho it's going down, it definitely will push back up.

wiss19

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It's normal, we just have to live with this and realize that it is not going to be that simple to figure out how to get back to higher prices. There are plenty of people in the crypto world right now that is just simply waiting, and there are some people who are selling which is the main reason why it dropped down, we had a good recovery with some buying, but it is mainly a bear market.

What we need to do is get together and buy all together, which happens time to time but it is not going to be easy. So, what we need to do would be getting people hyped about, and that usually happens when there is a rush and on top of that a great big good news coming back to back.

Fredomago

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Quote from: ElmedoRator on June 20, 2022, 04:00:22 AM

After a string of happy times with easy returns in this and many other financial markets, perhaps the hard times are just beginning. Although I am also very optimistic about the future, I have witnessed some horrible cases in the past with some big projects in this market. I am calmly reviewing the strategy to be able to return to investing with it.

It is a wiser decision to recreate your strategy and review all this information from your experienced, it can be used as the basis when you try back and invest in, there are no perfect o accurate guide though, it's more on how you trust and how patience you are while inside this market, the volatility is the first thing that you need to understand and afterwards, you'll be able to create your strategy to counter the market movement and make things favorable to you.

Quote

In each different period, we will see opportunities as well as risks, and for me personally, this is not an ideal period when the panic and anxiety of many people who are losing money with it is present. The worst could be on the way and then the chance that I really think.

You have to weight things and before doing any actions, you must be focused with alternatives and backup plans.

mm2543363580

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Quote from: ElmedoRator on June 20, 2022, 04:00:22 AM

After a string of happy times with easy returns in this and many other financial markets, perhaps the hard times are just beginning. Although I am also very optimistic about the future, I have witnessed some horrible cases in the past with some big projects in this market. I am calmly reviewing the strategy to be able to return to investing with it.
In each different period, we will see opportunities as well as risks, and for me personally, this is not an ideal period when the panic and anxiety of many people who are losing money with it is present. The worst could be on the way and then the chance that I really think.

Now here in our country people are very worried about the stock market - there are not very particular about investing into the big projects.
The market won't get stable very soon and people and investor are planning accordingly. Wish and hope the things get better soon.

ElmedoRator

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After a string of happy times with easy returns in this and many other financial markets, perhaps the hard times are just beginning. Although I am also very optimistic about the future, I have witnessed some horrible cases in the past with some big projects in this market. I am calmly reviewing the strategy to be able to return to investing with it.
In each different period, we will see opportunities as well as risks, and for me personally, this is not an ideal period when the panic and anxiety of many people who are losing money with it is present. The worst could be on the way and then the chance that I really think.

Jatiluhung

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the solution in the current market situation is to keep an eye on and look for opportunities to enter carefully. using the DCA technique. we can pay in installments and also sell gradually when we make a profit. However, sometimes in a bear market, more people panic to sell and are afraid to buy.

lixer

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Quote from: mm2543363580 on June 18, 2022, 11:53:58 AM

The inflation has made the life difficult for everyone. So the life is going downhill for everyone.

Not totally for everyone because there are ultra rich people and I don't think they are affected with it. There are inflation and crypto prices are going downhill but it does not mean that we will follow it and our life will go downhill as well, that's wrong but instead this should give us a lot of motivation to stand up. People are often challenged once these negative situations come.

Quote from: roadrunnerjaiv2025 on June 13, 2022, 07:24:50 AM

Are we in a "now what" situation? Or do you think this is as far down as it goes? Even the week chart looks bad for BTC. Any suggestions what to do?

A now what situation is not true for someone that is well prepared and know that these things can happen but for some that aren't they can end up thinking like that but in case they didn't know what to do, I think the best thing to do now is to continue buying or doing a dca. Hodl is also a must thing to do after that. Charts looks bad but don't despair too much as there's still a chance for the market to recover.

kensaii

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Quote from: Ultegra134 on June 18, 2022, 03:28:57 PM

Quote from: kensaii on June 18, 2022, 02:38:08 PM

Quote from: Ultegra134 on June 18, 2022, 05:24:17 AM

And we're now officially below $20.000, currently trending at $19.000. The market went downhill in just a matter of a few hours and is doomed to crash even further in the upcoming days. Okay, let's be honest, I expected it to crash below $20.000, but the signs are currently showing that a further drop down to $16.000-$18.000 is almost inevitable.

It's just a matter of time for BTC to hit lower than your price range, between $16k and $18k. Feel pretty shit how we could get to this low and bypass all the resistance walls that fast. There is no floor here, I expect it could go low as $10k.

To be honest, I believe you're right. It's already at $18.200 and continues losing in value. I never expected to fall so quickly, practically ignoring any resistance. I'm really hoping that it doesn't fall so much, however, it's almost a lost cause, there's not much to do now but wait. Selling now would be a disaster, although it's bound to crash even further in the next 48 hours.

The exact same thing had occurred to me in 2018, it crashed so badly that I was disappointed enough to abandon Bitcoin for years.

Same, have some hole in my posting history thank to this crash where I left the bitcointalk for years. But after some thought about the first crash and now seemly the second crash, I'm quite level-headed now. I'm sure there is a strong bull awaiting all of us after this phase. As long we survive after this.

Quote from: Furious 7 on June 19, 2022, 12:43:16 PM

And now the $17k is already happening and it's only a few hours from me creating a thread here Cheesy

Most likely it's going to take some time and it's true the decline might even be a bit longer and deeper.
As for the problem of panic, I feel that everything will become more panicky for new people, especially because if you look at the bitcoin hype in my area, it started in 2020, which was indeed that year a lot of people came here and now maybe they are going through a pretty severe phase for the first time. So it's natural to panic.

Back to nearly $20k now. I'm sure this is just some rebound but can't help feeling we might back to normal.

Topic: From Sideways to Downhill - page 2. (Read 759 times)