From Sideways to Downhill - page 4. | Bitcointalksearch.org

Dunamisx

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Quote from: Findingnemo on June 16, 2022, 11:17:17 AM

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

This long anticipated prediction for $20k is already achieved now and bitcoin still remains a digital currency, no drop in value, no lost in hope and no doubt for uncertainties for any reason, what we aim at is to achieve a climax high on it next move to rising, right from the on set i don't believe any unnecessary claims about bitcoin except for altcoins, those are the ones that should be avoided to be use as an investment asset because of the risk level of it possession, bitcoin always goes down to rise up as it gathers momentum for that.

virasisog

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Quote from: roadrunnerjaiv2025 on June 13, 2022, 06:24:50 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 on what to do?

Only crypto events such as Bitcoin halving could make the market recover but although the market is in bad shape, it isn't the right time to back out. Cryptocurrency only opens the best buying opportunity during this season. The market crash usually happens and the market can't remain in its bullish state. It has to undergo a bullish and bearish trend cycle. If you're a wise investor, then you should know how to take advantage of every situation.

Findingnemo

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Bitcoin = Financial freedom

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.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: roadrunnerjaiv2025 on June 13, 2022, 06:24:50 AM

Apparently, the sideways market broke down not out. Are we in a "now what" situation?

It is a time to buy if you have cash at hand. If you keep thinking why and how it happened, you will never be able to reach the trading decision.

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Or do you think this is as far down as it goes?

It can be beyond this price too. It only means that someone is selling out there and lower than average prices are possible to be bought at.

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Even the week chart looks bad for BTC. Any suggestions what to do?

Good and bad dont really exist in the professional traders vocabulary. It is either a choice to buy or sell. When the selling pressure is high the chart will be in red. For bitcoin if you have faith in its future considering it past charts, then you can make this decision on your own.

Comparing bitcoin to the fiat markets, every market has been feeling a selling pressure due to many reasons. So put your fiat to good use and buy whatever you wanted to till date.

judaspriest

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C O M B O

Quote from: Baofeng on June 16, 2022, 02:48:59 AM

Quote from: roadrunnerjaiv2025 on June 13, 2022, 06:24:50 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?

Unfortunately, yes, we are waiting for a break out run, but it goes South. I don't think that we are in a 'now what' situation. We are in a bear market situation so what do you expect? Again, even if others will say that this really looks very bad, but in the long run this might be good after all.

As you can buy cheap bitcoins, at a discount and then fill your wallet. All you have to do is HODL and then have the mentality to not sell until the next bull run in maybe 2024-2025.

As long as we make good use of this bear market condition by buying potential coins, it will be profitable in the long run,
the most important thing is never to sell at a time like this because it will only make us lose,
it's not easy to hold on and it takes patience

Fredomago

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Quote from: Kasabus on June 15, 2022, 05:03:42 PM

Quote from: roadrunnerjaiv2025 on June 13, 2022, 06:24:50 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?

Everything is expected just when the market starts being bearish. Bitcoin could even fall below $20k and settle into $3k just like what had happened before. So what we are seeing right now is never the first time to happen in the market. If you can maximize your purchase this time especially for bitcoin, that would be very great as bitcoin will always be the first to skyrocket and then altcoins will follow too. So never gets depressed and disappointed with the market, crypto market has been here already but after that, a sudden huge price increase is usually observed.

Instead of being disappointed if you place your entry when the price still at the peak, best not be shaken or not to fear but instead if you can study much deeper holding your asset for longer time can still bring you the benefits, not all can take it but patience is always a key factor when dealing with crypto. The volatile nature gives pain in the ass for most traders.

Invest the amount that you can spare and forget even if takes longer than what you originally plan.

Baofeng

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Quote from: roadrunnerjaiv2025 on June 13, 2022, 06:24:50 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?

Unfortunately, yes, we are waiting for a break out run, but it goes South. I don't think that we are in a 'now what' situation. We are in a bear market situation so what do you expect? Again, even if others will say that this really looks very bad, but in the long run this might be good after all.

As you can buy cheap bitcoins, at a discount and then fill your wallet. All you have to do is HODL and then have the mentality to not sell until the next bull run in maybe 2024-2025.

Paul Pogba

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What happened with bitcoin dropping from $30k to $22k is the lowest price ever recorded since ATH November 2021, many say that the 4 year trend will repeat itself and as designed to make users panic and sell bitcoin so the whales will buy cheap, those who are familiar with bitcoin should understand that when the price drops then the best thing is to buy.

Darker45

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Quote from: CaVO32 on June 15, 2022, 03:50:59 PM

Quote from: Gozie51 on June 15, 2022, 04:36:49 AM

Quote from: Darker45 on June 14, 2022, 08:08:54 PM

As to what to do next, we actually don't have a lot of choices. It would either be to HODL, to continue with DCA, or to give in to fear and convert. Obviously, the final option is not wise.

Yeah I think the final option or suggestion is not wise at the moment. The fall has already happened or is beginning to happen because nobody knows the stop point but if price can fall from $60k above to barely a shadow of price going at $20,073, maybe we are approaching the bottom. So hodling is far better than converting to USDT , it is rather late for the decision.

I am also on this decision. If you will convert now into stablecoin, you are already losing a lot. But if you have the notion that this market will recover in the very near future, as we always observed in the past, then, better hold off. Some people have no choice but to cash out as they have immediate needs, this situation is understandable. But if you have other means, weigh your options and holding may be your best option not to suffer losses at this period. Because if you will not sell, you will not lose, right?

Your portfolio may be registering a loss. But that's just paper loss. Your Bitcoin remains intact. The moment Bitcoin recovers, your portfolio also recovers. But if you sell them, then that portfolio's loss is not anymore paper loss but realized loss. The moment Bitcoin recovers, your portfolio remains stagnant because you have already converted your Bitcoin into a stablecoin. But the main question is, why do you sell when the price is already in the process of finding its bottom?

Smartvirus

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Quote from: Kasabus on June 15, 2022, 05:03:42 PM

Everything is expected just when the market starts being bearish. Bitcoin could even fall below $20k and settle into $3k just like what had happened before.

Wow, 3k! That's so far down tha even I can't imagine it being possible, no!! Yeah, making your prediction and expecting everything is the way to go about it but, a low that goes down as fat as 3k, nope, I can't expect that come off BTC. Not anywhere with all the big players that have stepped in and bought at ATH. They surely would be looking towards profit and are sure to make it a scare commodity after letting it dump to this point once more.
What to do, better not to sell your precious sats as the whales are there to buy it all in one go and push right back up. Just buy ensure your buying some more and your using your spare money too.

Kasabus

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Quote from: roadrunnerjaiv2025 on June 13, 2022, 06:24:50 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?

Everything is expected just when the market starts being bearish. Bitcoin could even fall below $20k and settle into $3k just like what had happened before. So what we are seeing right now is never the first time to happen in the market. If you can maximize your purchase this time especially for bitcoin, that would be very great as bitcoin will always be the first to skyrocket and then altcoins will follow too. So never gets depressed and disappointed with the market, crypto market has been here already but after that, a sudden huge price increase is usually observed.

Hamphser

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Quote from: CaVO32 on June 15, 2022, 03:50:59 PM

Quote from: Gozie51 on June 15, 2022, 04:36:49 AM

Quote from: Darker45 on June 14, 2022, 08:08:54 PM

As to what to do next, we actually don't have a lot of choices. It would either be to HODL, to continue with DCA, or to give in to fear and convert. Obviously, the final option is not wise.

Yeah I think the final option or suggestion is not wise at the moment. The fall has already happened or is beginning to happen because nobody knows the stop point but if price can fall from $60k above to barely a shadow of price going at $20,073, maybe we are approaching the bottom. So hodling is far better than converting to USDT , it is rather late for the decision.

I am also on this decision. If you will convert now into stablecoin, you are already losing a lot. But if you have the notion that this market will recover in the very near future, as we always observed in the past, then, better hold off. Some people have no choice but to cash out as they have immediate needs, this situation is understandable. But if you have other means, weigh your options and holding may be your best option not to suffer losses at this period. Because if you will not sell, you will not lose, right?

For you not to make yourself to be that impulsive then its better not to check out your portfolio every now and then because this would really be likely a trigger for you to make out some unnecessary move

which would cause for more losses.The best thing to be done with the current market is to accumulate as much as you could as long you do have the money or finances then go ahead and add up even more
coins into your stash.This is actually the best time to shop some coins in the market on a bargain price.You cant really just sell on loss which is the dumbest thing to be done.
Market is unpredictable it could dump or crash and it could also shoot up to the moon thats why its not a bad idea on taking some position on the bottom.

CaVO32

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Quote from: Gozie51 on June 15, 2022, 04:36:49 AM

Quote from: Darker45 on June 14, 2022, 08:08:54 PM

As to what to do next, we actually don't have a lot of choices. It would either be to HODL, to continue with DCA, or to give in to fear and convert. Obviously, the final option is not wise.

Yeah I think the final option or suggestion is not wise at the moment. The fall has already happened or is beginning to happen because nobody knows the stop point but if price can fall from $60k above to barely a shadow of price going at $20,073, maybe we are approaching the bottom. So hodling is far better than converting to USDT , it is rather late for the decision.

I am also on this decision. If you will convert now into stablecoin, you are already losing a lot. But if you have the notion that this market will recover in the very near future, as we always observed in the past, then, better hold off. Some people have no choice but to cash out as they have immediate needs, this situation is understandable. But if you have other means, weigh your options and holding may be your best option not to suffer losses at this period. Because if you will not sell, you will not lose, right?

mm2543363580

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Quote from: davis196 on June 15, 2022, 05:21:24 AM

Quote from: roadrunnerjaiv2025 on June 13, 2022, 06:24:50 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?

There's no "now what" situation. There's only one thing we could do. Just HODL. Selling your BTC right now seems like dumb move.
The panic on the markets is reaching high levels and fear is the worst advisor. If you are confident enough about the price hitting 10K, you could sell your BTC now. I don't know what will happen, so I'm just HODLing. Maybe the Bitcoin price will return to the 2020 levels of 10K-12K. This isn't a bad thing actually. It's not the end of the world. The worst thing right now would be making emotional decisions and acting like a conformist. Just wait and see what happens after the wave of fear and panic goes away.

ALready here in our country its is downhill - and the hill is very bumpy and steep.
By the time we will touch the ground - we will be almost lost. The high prices and inflation has been a serious shock for the poor people.

davis196

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Quote from: roadrunnerjaiv2025 on June 13, 2022, 06:24:50 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?

There's no "now what" situation. There's only one thing we could do. Just HODL. Selling your BTC right now seems like dumb move.
The panic on the markets is reaching high levels and fear is the worst advisor. If you are confident enough about the price hitting 10K, you could sell your BTC now. I don't know what will happen, so I'm just HODLing. Maybe the Bitcoin price will return to the 2020 levels of 10K-12K. This isn't a bad thing actually. It's not the end of the world. The worst thing right now would be making emotional decisions and acting like a conformist. Just wait and see what happens after the wave of fear and panic goes away.

Gozie51

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Quote from: Darker45 on June 14, 2022, 08:08:54 PM

As to what to do next, we actually don't have a lot of choices. It would either be to HODL, to continue with DCA, or to give in to fear and convert. Obviously, the final option is not wise.

Yeah I think the final option or suggestion is not wise at the moment. The fall has already happened or is beginning to happen because nobody knows the stop point but if price can fall from $60k above to barely a shadow of price going at $20,073, maybe we are approaching the bottom. So hodling is far better than converting to USDT , it is rather late for the decision.

Darker45

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Unfortunately. Those sideway movements were like the calm before the storm. The storm could either be a huge break out or a huge fall. It was a suspense waiting whether the price would explode upward or nosedive. It is just unfortunate that there was a huge fall. Apparently, all the supports couldn't absorb the fall and they were shattered one after another. I hope $20,000 would be strong enough to hold it.

As to what to do next, we actually don't have a lot of choices. It would either be to HODL, to continue with DCA, or to give in to fear and convert. Obviously, the final option is not wise.

ChiBitCTy

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Quote from: roadrunnerjaiv2025 on June 13, 2022, 06:24:50 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?

I tell you the same thing that I tell my clients, whether through the tough times, things will get better of the course of time. I’m not sure things will ever get better for many or most of the worthless altcoins (which is almost all of them)) but projects like bitcoin with a legitimate future will come back in due time.

ultrloa

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Quote from: Silberman on June 14, 2022, 05:08:08 PM

Quote from: roadrunnerjaiv2025 on June 13, 2022, 06:24:50 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?

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.

Mahanton

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Quote from: Silberman on June 14, 2022, 05:08:08 PM

Quote from: roadrunnerjaiv2025 on June 13, 2022, 06:24:50 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?

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.

Market is always;

1. Unpredictable
2. Speculative
3. Random movement
4. Volatile

These are the main behavior or quality of this market specially Bitcoin or in overall crypto space.
You wont know on where it would be heading or going.

Sideways to pump or sideways to dump or moving sideways straight line.It cant be known thats why
we do neither end up on profitable or losing.

Topic: From Sideways to Downhill - page 4. (Read 783 times)