From Sideways to Downhill - page 3. | Bitcointalksearch.org

Furious 7

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Quote from: serjent05 on June 18, 2022, 06:12:44 PM

It looks like reaching the $17k price is possible. It is the weekend, and obviously, crypto holders often sell out during these days. AT the current price of Bitcoin at $18526 if sell-off happen I am afraid there is not much resistance before it hits the $17k floor.

Quote from: Furious 7 on June 18, 2022, 03:21:22 PM

It's still going to look like that because regardless of anything this is likely to happen but I don't think there's anything to worry about because in bears anything can happen and maybe even the lowest point in this bearish season is worse than we thought. guess.
Now the $20k is gone and it would be better to just keep waiting if you have some spare funds because it will look good later even if we have to wait a little longer.

Indeed there is nothing to worry. Bitcoin price will rebound after this bear market but the question is when. I believe this bear market will last for another 10 months.

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.

bitgov

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Quote from: Quidat on June 19, 2022, 03:01:47 AM

If you're long term then it would really be understandable that you do need to wait and patience would really be tested on times like these and it's not surprising that market could really move sideways whether going up next or would really dip down further that's why it's really hard.

When you do have the experience then you do have the advantage over or compared to those people who are just new to deal with the market. So expect the unexpected because everything could really happen along the way.

Some people are always in hurry they want to get profit as early as possible.
I am one such character - so the waiting time is so much trouble for me. for this I always find an alternative sources and I have to keep myself very calm while doing all this.

Quidat

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Quote from: Reid on June 18, 2022, 05:41:00 AM

Wait. Be patient. That's all you can do if you are a long term investor. Just don't look at the market for now if you cannot take it.
This will happen eventually and it's always just a question of "when?". We didn't know. No one knows. There might be those analysts that made the right prediction but those are guesses which doesn't have 100 percent accuracy.
The other thing you could do is buy more for a cheaper price then be patient again.

If you're long term then it would really be understandable that you do need to wait and patience would really be tested on times like these and it's not surprising that market could really move sideways whether going up next or would really dip down further that's why it's really hard.

When you do have the experience then you do have the advantage over or compared to those people who are just new to deal with the market. So expect the unexpected because everything could really happen along the way.

TimeTeller

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Quote from: serjent05 on June 18, 2022, 06:12:44 PM

It looks like reaching the $17k price is possible. It is the weekend, and obviously, crypto holders often sell out during these days. AT the current price of Bitcoin at $18526 if sell-off happen I am afraid there is not much resistance before it hits the $17k floor.

Quote from: Furious 7 on June 18, 2022, 03:21:22 PM

It's still going to look like that because regardless of anything this is likely to happen but I don't think there's anything to worry about because in bears anything can happen and maybe even the lowest point in this bearish season is worse than we thought. guess.
Now the $20k is gone and it would be better to just keep waiting if you have some spare funds because it will look good later even if we have to wait a little longer.

Indeed there is nothing to worry. Bitcoin price will rebound after this bear market but the question is when. I believe this bear market will last for another 10 months.

For those who can wait, this decline is not a problem as they can wait when things are going up again.
But for those who want to cash out because they need money, that's the dilemma of these users.
They will be selling at a loss because they need it. Not many can wait for the market to bounce back.
The current market situation can really make some holders panic and sell off.
But for strong believers, this is a very good opportunity to buy more and hold.

MCobian

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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.

Many people are surprised and disappointed with Bitcoin's current performance, because it's not a good thing if Bitcoin drops below $20k.
What I fear is that there will be a panic sell, because many investors are afraid that Bitcoin will fall even further. Even though it's a bad decision
to sell Bitcoin at a low price, so my advice is to stay calm with the decline that has occurred in Bitcoin. Because if we can calm down and
be patient holding the Bitcoins we have, we are still not said to be losing money even though the price of Bitcoin continues to decline and shows
our asset estimates have fallen very drastically.

Because panicking and selling Bitcoin at low prices only makes us worse. We have to learn from what happened in 2018, when the market
experienced a very drastic price drop. But eventually Bitcoin was able to recover again and could even rise to a much higher price.
Therefore I consider what happened this year, almost the same as what happened in 2018. So we have to be patient in facing a declining market,
I believe the current decline is only temporary.

serjent05

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It looks like reaching the $17k price is possible. It is the weekend, and obviously, crypto holders often sell out during these days. AT the current price of Bitcoin at $18526 if sell-off happen I am afraid there is not much resistance before it hits the $17k floor.

Quote from: Furious 7 on June 18, 2022, 03:21:22 PM

It's still going to look like that because regardless of anything this is likely to happen but I don't think there's anything to worry about because in bears anything can happen and maybe even the lowest point in this bearish season is worse than we thought. guess.
Now the $20k is gone and it would be better to just keep waiting if you have some spare funds because it will look good later even if we have to wait a little longer.

Indeed there is nothing to worry. Bitcoin price will rebound after this bear market but the question is when. I believe this bear market will last for another 10 months.

Ultegra134

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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.

Furious 7

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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 still going to look like that because regardless of anything this is likely to happen but I don't think there's anything to worry about because in bears anything can happen and maybe even the lowest point in this bearish season is worse than we thought. guess.
Now the $20k is gone and it would be better to just keep waiting if you have some spare funds because it will look good later even if we have to wait a little longer.

kensaii

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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.

Lanatsa

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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.

No one had anticipated for this drop to happen but we know that everything could really be that possible into this market where crash and pumps could really happen and something that could happen in shortest time as possible.Cant really be denied that we had really just become too confident that the price wouldn't dropped like this and now the time has come or reached on this then we can't really just believe on what we are seeing.

8k is in rumors which we might really be seeing these numbers if ever this market will really becoming even more worst on upcoming days or weeks.So it's better to brace ourselves when it comes to possibilities.

mm2543363580

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Quote from: Reid on June 18, 2022, 05:41:00 AM

Wait. Be patient. That's all you can do if you are a long term investor. Just don't look at the market for now if you cannot take it.
This will happen eventually and it's always just a question of "when?". We didn't know. No one knows. There might be those analysts that made the right prediction but those are guesses which doesn't have 100 percent accuracy.
The other thing you could do is buy more for a cheaper price then be patient again.

The inflation has made the life difficult for everyone. So the life is going downhill for everyone.
The rise in petrol prices and the hike in the prices of everyday items has been done in our country. Don't know how we will be able to survive the inflation.

Reid

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Wait. Be patient. That's all you can do if you are a long term investor. Just don't look at the market for now if you cannot take it.
This will happen eventually and it's always just a question of "when?". We didn't know. No one knows. There might be those analysts that made the right prediction but those are guesses which doesn't have 100 percent accuracy.
The other thing you could do is buy more for a cheaper price then be patient again.

Ultegra134

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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.

Silberman

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Quote from: ultrloa on June 14, 2022, 07:58:29 PM

Quote from: Silberman on June 14, 2022, 06:08:08 PM

The downward movement that we are seeing is without a doubt unexpected but it is not outside of the many different scenarios that we should have thought to be possible, so the situation should not be that surprising, and about what to do, that is a decision which is extremely personal and it depends on too may factors to give a standard answer, personally I am still holding and I have even bought some bitcoin with my fiat available, but I can understand if some other people cannot really afford to do something like this during the current crash.

Maybe what surprise people about this dump is how fast things happen unexpectedly and no investors expect that we will go this far. But as many scenario pass like this maybe its good for investors to settle down and think about how they can grab the opportunity given by bear market sales since the price of the coins are mostly so cheap at the moment.

Without a doubt the speed at which this can happen can be quite surprising even for those which have been part of this market for a long time, however the economy is in such a bad shape that a drop in the price was basically inevitable, and when we add this market was not doing that well either then it is understandable the price went down so fast, however now we need to wonder about what to do next, and buying some bitcoin does not seem as a bad choice as we know it will recover sooner or later.

Gyfts

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Quote from: Darker45 on June 15, 2022, 09:18:26 PM

But the main question is, why do you sell when the price is already in the process of finding its bottom?

Because people need liquidity and bit off more than they could chew. The golden rule of investing is do not invest more than you can afford to lose. With every market down (except for real estate, which has a bubble forming), high inflation, and low wage growth, people are taking their cash out of the markets in order to afford to live.

IMO Bitcoin's growth was too unstable and highly speculative following the pandemic. A correction was incoming but the severity of the correction is just people panic selling in combination with a global economy that's extremely fragile. Entire crypto industry will recover, so for those panicking I can't help but think they're young investors that have not experienced volatility before.

serjent05

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Why many of us are still surprised by the Bitcoin price going downhill. Isn't this normal in a bear market? The bear market trend is sideway to lower lows. Lower high might happen occasionally but it is always short live. I think this sideway downtrend of Bitcoin price will stay for another year, so we better prepare our extra fund for Bitcoin on sales events during this Bear Market.

Fortify

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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?

It seems like in times of economic emergency, that Bitcoin is on track to tumble at the same if not further than the stock markets. It does not seem like a safe place to store money, especially as it does not return anything while holding it. The bubble is well and truly bursting right now, it might go back up in the long term but it should simply be seen as a trading mechanism rather than something similar to gold. Use it to send money overseas and avoid middlemen, you might get favorable exchange rates compared to banks / forex traders. Too many people simply saw it as an asset, which they ultimately hoped to sell to someone at a higher price, but that many people will now lose and still not sell off at the right time on the way down.

dothebeats

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Quote from: Findingnemo on June 16, 2022, 12:17:17 PM

It is still red and may follow the same for a while but I expected the 20K will be the lowest and it may go little further down due to the weak hands who are already in huge loss and probably want to exit with just a loss. No one knows when the things will change so keep your coins until you make profits or just exit with a loss as many of the amateur investors are doing.

Even the guys in stock markets are having some problems too. It's just not cryptos that are affected by this global sell off, and it's still worsening by the day. Well for a few years, bitcoin and most of the cryptos stay relatively stagnant, until the market turned sideways and now crashes. It has to happen somehow, and perhaps now is that perfect time for that to happen considering all that's happening around the world

Sanitough

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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?

Bitcoin price won't always stay on top, it falls down particularly when a bear season hits the market, or when negative news influenced bitcoin. So expect that its value will always on the move. And once bitcoin experience dips, its even the best time to buy a lot of it as its certainly a big opportunity to maximize your portfolio with bitcoin. If you believe in bitcoin, you should never doubt how low its price will fall, because apparently bitcoin never stay forever dumping, it always moves up and boost again its price.

Japinat

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Quote from: Oasisman on June 13, 2022, 07:37:18 AM

This could go far down even below $20k, nobody knows what happens next. After the crypto market losses $100b it immediately drops $25k level and currently Btc continued to fall down as it's currently trading at $23,700+.
Please replace that " now what" type of mindset coz this the "this is it" situation. This is what the crypto enthusiast is looking for. A good entry point.

Right now, bitcoin is priced at $21,006 and its definitely the best price so far. But i think it will drop more in the next few days so always get ready with your funds or do DCA as its the safest strategy that you could use in buying bitcoin with its dropping value. Don't panic OP, bitcoin has even dropped into $3k if you trace the history and yet, it still recovers. So same with this, bitcoin will skyrocket again once this big crash is over. For now, its best to buy and hold. And certainly no selling, as you don't have to sell for a loss.

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