How do we spot the crypto bottom? - page 2.

Kasabus

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Quote from: Houdini76 on June 26, 2022, 03:15:37 PM

Hi

Been wondering how to tell we have reached the crypto bottom? have we already bottomed out(I personally don't think so im not sure). If we look at the current world financial system - it looks dire. surely this will all have a impact on people investing in crypto and when funds are short, may even withdraw their investment.

Personally, because of the state of the financial system, I cannot see how crypto can become bullish as long as the world economy doesn't show signs of a recovery . I could be wrong though ?

what are your thoughts on this? Is a further crash on the horizon?

We can only predict that the market is in its bearish state, but there’s no way that we can tell if the current price is already the bottom or not. Because if we only can, then everyone will be in panic buying and accumulate as much as they can. But the market is hardly unpredictable. Looking at the market scenario right now, I can only tell that there are more low prices waiting ahead, we just have to be patient while waiting for it.

GeorgeJohn

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Quote from: STT on July 03, 2022, 06:08:23 PM

Price is recovered above the 2 day average to end the week. Its very short term measure but easy enough to stay optimistic until it falters. Hopefully we beat weekly average next at 20k and consolidate at a higher level. All of this is occurring above support level (lows of the last week) which lends some idea we can continue to build.

actually many people is expecting Bitcoin for increase how above the levels it's right. Because what we expected this year is not what we are seeing concerning cryptocurrency starting from this year the market of cryptocurrency get bad because of unknown reason and unknown prediction. Everybody expected Bitcoin to increase from the initial price to clamps a little bit starting from this month. I believe that the price will encroached to thirty thousand (30k) but base on what I'm experiencing in cryptocurrency right now it seems like the price will fall again before it will rise.

wxa7115

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Quote from: savetheFORUM on July 07, 2022, 03:42:10 PM

Quote from: wxa7115 on July 06, 2022, 01:03:49 PM

This is especially true when bitcoin fulfills our predictions, it was not long ago people were thinking about bitcoin reaching 250k or even a higher price and while it did not happen it still reached a very respectable ATH during this bull run.

Is it going to make any difference if we bought at 20k or 15k years down the line? Except for some additional profits the answer to that is no, the moment to buy is now and anyone not doing so waiting for a cheaper price could regret their decision in the future, as even if a new bottom is reached there is no guarantee they will recognize such drop as the true bottom and they could waste their chances of investing in bitcoin for such a low price.

I have to say that the best thing we could do right now would be expecting it to get there again. When the price is going up, if you keep on considering it will fall, then you do not know when you will be right and when you will miss out on the profit. I mean when it's at the bottom prices like right now, you can buy now or a week later and you will probably profit one way or another.

However when we are in a situation where it's basically the top, then how would you know if it is the top or not. When it went from 3-5k ranges to 30k, wouldn't you call that a top? Or when it did to 40k? 50k? 60k? They all looked like top, so it's really hard to know what to do in that case.

Which is precisely why trying to employ a strategy that tries to identifying bottoms or tops is such a waste of time because we don't really know how high or how low the price of bitcoin can go because that depends on too many factors that are impossible to quantify.

So with that in mind, it is better to employ a strategy that allow us to enter and to exit the market at a reasonable price, a strategy like that is way more realistic and more importantly it is also profitable, which is what traders are actually looking for since finding the tops and the bottoms has always been a means to an end and nothing more.

Lanatsa

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Quote from: Frengki_cisco on July 08, 2022, 11:52:40 PM

Quote from: Houdini76 on June 26, 2022, 03:15:37 PM

Been wondering how to tell we have reached the crypto bottom? have we already bottomed out(I personally don't think so im not sure).

Some experiences can be a guide, I often see the community at Bitcointalk say that, but it can be a guide or it can be wrong.

For me it tends to be more what the community says here, I've ignored how people say about the crypto market, the lows or you can see in the next few months, the result is correct and i am sorry for that, maybe i will consider as you said, i believe the lowest crypto market is still going on.

Not really bad to look at on others suggestions and real time experience for them to tell into the community which you could really possibly apply it to yourself specially when you are just starting up then getting ideas from others would be ideal but of course you shouldnt really make yourself to be that easily get hooked on any advises you would really be able to read on and always be still careful on dealing with shills
and fomo calls.

Just bare in mind that there's no indeed guarantees for price prediction calls on where we cant really be sure on where it would be heading on speaking with bottom prices.
Its always been unpredictable and there's no way for you to spot it out.
Somehow using some analysis and fundamentals which we do at least able to get some idea on where price could possibly actually go.

Frengki_cisco

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Quote from: Houdini76 on June 26, 2022, 03:15:37 PM

Been wondering how to tell we have reached the crypto bottom? have we already bottomed out(I personally don't think so im not sure).

Some experiences can be a guide, I often see the community at Bitcointalk say that, but it can be a guide or it can be wrong.

For me it tends to be more what the community says here, I've ignored how people say about the crypto market, the lows or you can see in the next few months, the result is correct and i am sorry for that, maybe i will consider as you said, i believe the lowest crypto market is still going on.

AmoreJaz

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Quote from: Ziskinberg on July 07, 2022, 06:33:44 PM

Quote from: savetheFORUM on July 07, 2022, 03:42:10 PM

I have to say that the best thing we could do right now would be expecting it to get there again. When the price is going up, if you keep on considering it will fall, then you do not know when you will be right and when you will miss out on the profit. I mean when it's at the bottom prices like right now, you can buy now or a week later and you will probably profit one way or another.

Perhaps, the market wasn't designed to become predictable, it was an indeed unpredictable trend. But as we are in this bear season, the majority will just think about the negative, more dumps, bottom price, and I understand that. However, we shouldn't have to keep that kind of mindset as this will also influence our decision-making which leads to the way of not seeing the potential of the market but indeed just a negative view.

up until now, the market is indeed unpredictable. even using all the charts analyses that you know of, or TAs won't give you a precise calculation of what will happen next. you are just relying on what the market will offer and hopefully, the news that you are reading will have an influence on its price. still, you can't pinpoint a single factor that will majorly impact the price of btc in the market.

Ziskinberg

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Quote from: savetheFORUM on July 07, 2022, 03:42:10 PM

I have to say that the best thing we could do right now would be expecting it to get there again. When the price is going up, if you keep on considering it will fall, then you do not know when you will be right and when you will miss out on the profit. I mean when it's at the bottom prices like right now, you can buy now or a week later and you will probably profit one way or another.

Perhaps, the market wasn't designed to become predictable, it was an indeed unpredictable trend. But as we are in this bear season, the majority will just think about the negative, more dumps, bottom price, and I understand that. However, we shouldn't have to keep that kind of mindset as this will also influence our decision-making which leads to the way of not seeing the potential of the market but indeed just a negative view.

Mahanton

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Quote from: Natalim on July 04, 2022, 06:31:44 PM

Quote from: serjent05 on July 04, 2022, 04:24:50 PM

Quote from: nicedreams on July 04, 2022, 01:50:46 PM

Even though I know what you said is true, most investors with small capital can't afford that. Their fund is too low so they want to squeeze out every possible juice they can get to increase their profit margin. Or even try to DCA only when it comes close to the bottom as much as they can. So it always has that kind of investor who tries to spot the bottom no matter what.

How can they detect the price is close to the bottom when they don't know what the bottom is. No one can tell that the last price is the bottom because no one really knows, they can only guess. Anyway, even with small capital, investors can DCA by buying a little every dip or lower lows. We don't need to buy a whole or a half of BTC just to DCA, we can buy thousands of satoshi and accumulate from there.

It was indeed to say that many were trying to speculate on the market and even rely on it, however, it was a failed attempt and they miss it again.
Well, the truth is that even though we are in the market the whole day 7 times a week, still, we can tell the bottom price nor even say when it comes as it is absolutely unpredictable. Thus, if we can afford to buy it now, that was a good idea and nothing we have to regret as we know that Bitcoin will up soon as this bear season end.

All of us who do deal into this market did really make out speculations on the time we do make out engagement into this space where it cant really be possible for someone to know on whats the bottom.Market is unpredictable and there's no way for you to know on where prices would be heading and this is where analysis do comes in and it would really vary on each person since there are some which are experienced
and there are some which are noobs or doesnt really have a good grasps into this market. Spotting and taking decisions on point do really differs because several conditions and factors could really mainly
affect someones input and possible actions ahead depending on the scenario that they are facing on.

savetheFORUM

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Quote from: wxa7115 on July 06, 2022, 01:03:49 PM

This is especially true when bitcoin fulfills our predictions, it was not long ago people were thinking about bitcoin reaching 250k or even a higher price and while it did not happen it still reached a very respectable ATH during this bull run.

Is it going to make any difference if we bought at 20k or 15k years down the line? Except for some additional profits the answer to that is no, the moment to buy is now and anyone not doing so waiting for a cheaper price could regret their decision in the future, as even if a new bottom is reached there is no guarantee they will recognize such drop as the true bottom and they could waste their chances of investing in bitcoin for such a low price.

I have to say that the best thing we could do right now would be expecting it to get there again. When the price is going up, if you keep on considering it will fall, then you do not know when you will be right and when you will miss out on the profit. I mean when it's at the bottom prices like right now, you can buy now or a week later and you will probably profit one way or another.

However when we are in a situation where it's basically the top, then how would you know if it is the top or not. When it went from 3-5k ranges to 30k, wouldn't you call that a top? Or when it did to 40k? 50k? 60k? They all looked like top, so it's really hard to know what to do in that case.

wxa7115

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Bitcoin is GOD

Quote from: Mpamaegbu on July 03, 2022, 02:29:21 PM

Quote from: Nrcewker on July 03, 2022, 11:45:20 AM

No one can tell the exact, or can predict it.
Instead what we can do is just calculate and predict it by evaluating the situation.
In my opinion, if you seek for extra profits or become too greedy, then eventually you will miss the best time to buy the coin.

I just shared a similar perspective a while ago. No one can be that shrewd as to continue to wait for Bitcoin to fall deeper that it's doing now. It has already offered its fans enough discount. Yet, those who wished they had bought in when it was $50,000 or $40,000 or $30,000 still dillydally on it now that it's below $20,000 aren't smart. The best option and strategy for anyone interested in getting Bitcoin or other alts of their choice should be to DCA on them right now. Investors shouldn't be too greedy to squeeze out every juice in terms of cheap pricing from every project.

This is especially true when bitcoin fulfills our predictions, it was not long ago people were thinking about bitcoin reaching 250k or even a higher price and while it did not happen it still reached a very respectable ATH during this bull run.

Is it going to make any difference if we bought at 20k or 15k years down the line? Except for some additional profits the answer to that is no, the moment to buy is now and anyone not doing so waiting for a cheaper price could regret their decision in the future, as even if a new bottom is reached there is no guarantee they will recognize such drop as the true bottom and they could waste their chances of investing in bitcoin for such a low price.

uneng

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The bottom is a temporary state which doesn't last too long, because it is suddenly surprised by a bullish tendency, mainly motivated by news (the media) reporting an important event happening in the world which will consequently impact finances, or by whales lead by those news or simply because they decided it's time to pump bitcoin again. Even the big players don't know where the bottom is, until they decide it's going to be now!

For everyone else, it's advised to take advantage of the crashes in crypto prices to acquire more coins and forget the perfect bottom, because chances are against you, and it's very unlikely you will accomplish entering the market on time, if trying to predict the dip.

Natalim

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Quote from: serjent05 on July 04, 2022, 04:24:50 PM

Quote from: nicedreams on July 04, 2022, 01:50:46 PM

Even though I know what you said is true, most investors with small capital can't afford that. Their fund is too low so they want to squeeze out every possible juice they can get to increase their profit margin. Or even try to DCA only when it comes close to the bottom as much as they can. So it always has that kind of investor who tries to spot the bottom no matter what.

How can they detect the price is close to the bottom when they don't know what the bottom is. No one can tell that the last price is the bottom because no one really knows, they can only guess. Anyway, even with small capital, investors can DCA by buying a little every dip or lower lows. We don't need to buy a whole or a half of BTC just to DCA, we can buy thousands of satoshi and accumulate from there.

It was indeed to say that many were trying to speculate on the market and even rely on it, however, it was a failed attempt and they miss it again.
Well, the truth is that even though we are in the market the whole day 7 times a week, still, we can tell the bottom price nor even say when it comes as it is absolutely unpredictable. Thus, if we can afford to buy it now, that was a good idea and nothing we have to regret as we know that Bitcoin will up soon as this bear season end.

Wilhelm

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A good strategy should not depend on knowing where the bottom is.
Finding the bottom with any certainty is impossible.

Luckily Bitcoin will always rise so the bottom is actually only an optimization if you are hodling for >4 years...

serjent05

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Quote from: nicedreams on July 04, 2022, 01:50:46 PM

Even though I know what you said is true, most investors with small capital can't afford that. Their fund is too low so they want to squeeze out every possible juice they can get to increase their profit margin. Or even try to DCA only when it comes close to the bottom as much as they can. So it always has that kind of investor who tries to spot the bottom no matter what.

How can they detect the price is close to the bottom when they don't know what the bottom is. No one can tell that the last price is the bottom because no one really knows, they can only guess. Anyway, even with small capital, investors can DCA by buying a little every dip or lower lows. We don't need to buy a whole or a half of BTC just to DCA, we can buy thousands of satoshi and accumulate from there.

Vaculin

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Winding down.

Quote from: Rufsilf on June 30, 2022, 06:49:25 PM

For some reason, I won't say we are at the bottom already or even just about to come. Nothing could say we are in that situation, perhaps, the market is moving up and down. What we have to do is buy more if we can or just ignore if we are not. I couldn't be wise to hurry because of the big discount, We can't be all the time buying every drop we see, sometimes we also have to analyze the market become making a decision.

We can't say as to where bitcoin price is heading because simply its unpredictable and there is nowhere we can tell if its already the bottom or not. So the challenge here is just to take advantage whenever you see the price is dropping because its certainly a good time to buy. It could mean an edge for those who have prepared funds to buy because it only means increasing the volume of bitcoin in their portfolio, while those who have no funds to buy could only stay calm and patient while watching the market, and should always avoid panic selling.

Mpamaegbu

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Quote from: nicedreams on July 04, 2022, 01:50:46 PM

Quote from: Mpamaegbu on July 03, 2022, 02:29:21 PM

~snipped~

Even though I know what you said is true, most investors with small capital can't afford that. Their fund is too low so they want to squeeze out every possible juice they can get to increase their profit margin.

Now, that's a recipe for missing out on the ride when it begins. We only get to find a bottom on hindsight, not while price is currently at that point. Come to think about it, no one has to buy one Bitcoin to become an investor. Just buy the fraction your cash can allow you. The idea of trying to maximize your entry price so as to get in at a ridiculous price level may not always work out. That's my point. If you like a project/token/coin, once price drops appreciably; get in. Don't care much if it will drop further. Just be consoled with the fact that there were others who bought at a much higher price than you're getting it.

nicedreams

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Quote from: Mpamaegbu on July 03, 2022, 02:29:21 PM

Quote from: Nrcewker on July 03, 2022, 11:45:20 AM

No one can tell the exact, or can predict it.
Instead what we can do is just calculate and predict it by evaluating the situation.
In my opinion, if you seek for extra profits or become too greedy, then eventually you will miss the best time to buy the coin.

I just shared a similar perspective a while ago. No one can be that shrewd as to continue to wait for Bitcoin to fall deeper that it's doing now. It has already offered its fans enough discount. Yet, those who wished they had bought in when it was $50,000 or $40,000 or $30,000 still dillydally on it now that it's below $20,000 aren't smart. The best option and strategy for anyone interested in getting Bitcoin or other alts of their choice should be to DCA on them right now. Investors shouldn't be too greedy to squeeze out every juice in terms of cheap pricing from every project.

Even though I know what you said is true, most investors with small capital can't afford that. Their fund is too low so they want to squeeze out every possible juice they can get to increase their profit margin. Or even try to DCA only when it comes close to the bottom as much as they can. So it always has that kind of investor who tries to spot the bottom no matter what.

STT

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Price is recovered above the 2 day average to end the week. Its very short term measure but easy enough to stay optimistic until it falters. Hopefully we beat weekly average next at 20k and consolidate at a higher level. All of this is occurring above support level (lows of the last week) which lends some idea we can continue to build.

EdenHazard

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Quote from: Mpamaegbu on July 03, 2022, 02:29:21 PM

Quote from: Nrcewker on July 03, 2022, 11:45:20 AM

No one can tell the exact, or can predict it.
Instead what we can do is just calculate and predict it by evaluating the situation.
In my opinion, if you seek for extra profits or become too greedy, then eventually you will miss the best time to buy the coin.

I just shared a similar perspective a while ago. No one can be that shrewd as to continue to wait for Bitcoin to fall deeper that it's doing now. It has already offered its fans enough discount. Yet, those who wished they had bought in when it was $50,000 or $40,000 or $30,000 still dillydally on it now that it's below $20,000 aren't smart. The best option and strategy for anyone interested in getting Bitcoin or other alts of their choice should be to DCA on them right now. Investors shouldn't be too greedy to squeeze out every juice in terms of cheap pricing from every project.

The more discounted bitcoin price in a deeper and deeper market charts ... the more investment you need to catch at that price , so you won't feel buying bitcoin at an expensive price tag so do with finding the bottom , that's the only way ... otherwise you might surrender and sell your own bitcoin at a cheap price.

We are still trying to break the $20k bearish and failed now, let's see are we going down deeper below $17k or not.

Mpamaegbu

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Quote from: Nrcewker on July 03, 2022, 11:45:20 AM

No one can tell the exact, or can predict it.
Instead what we can do is just calculate and predict it by evaluating the situation.
In my opinion, if you seek for extra profits or become too greedy, then eventually you will miss the best time to buy the coin.

I just shared a similar perspective a while ago. No one can be that shrewd as to continue to wait for Bitcoin to fall deeper that it's doing now. It has already offered its fans enough discount. Yet, those who wished they had bought in when it was $50,000 or $40,000 or $30,000 still dillydally on it now that it's below $20,000 aren't smart. The best option and strategy for anyone interested in getting Bitcoin or other alts of their choice should be to DCA on them right now. Investors shouldn't be too greedy to squeeze out every juice in terms of cheap pricing from every project.

Topic: How do we spot the crypto bottom? - page 2. (Read 723 times)