Topic: How do we spot the crypto bottom? - page 4. (Read 723 times)
You will never buy the bottom but chances are you will be very happy you bought at this price within 12 months
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?
You cannot tell where the bottom is and anyone that tells you they can is lying to you, there are some people which are fortunate enough to catch the bottom but they were lucky and nothing more.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?
So what to do? Buy bitcoin whenever you feel comfortable doing so, anyone that buys bitcoin right now will obtain huge profits down the line, however it is not going to be easy if you are not completely sure that you can hold your coins during the time it will take bitcoin to enter a new bull market, which is why most people are looking for the bottom as they want to buy just at the lowest price bitcoin will each and then never having to worry about their investment being underwater, but this is simply an unrealistic goal that most traders will never achieve.
Even the most expert traders can't answer that question. We will only know once we got there or become a whale and you can control the price the way you wanted, be it pump or dump.
One thing you should look for to have an idea is news about economy or event that you think could trigger the bearish market further.
One thing you should look for to have an idea is news about economy or event that you think could trigger the bearish market further.
Splitting your buy orders or doing Dollar Cost Averaging (DCA) during these dumps is the best way to spot the bottom for. I will not aim for the perfect bottom, just in case you will miss it and you will leave behind. The more you spot the bottom, the more chance you will left behind for sure.
Just think, you spot the bottom, but not the perfect bottom.
Just think, you spot the bottom, but not the perfect bottom.
No one could ever answer that question because you will only know it when it was the lowest cheapest price after it pump back again. It's better to do some TA and analyze the whole price market in the chart you will know where it would possibly drop as a bottom or as ATH. We are all purely speculating here since the market is always unpredictable that's why you got to do what you want to do.
Do some DCA if you see the price is getting cheaper and don't mind if it's bottom already because you will miss your chances to buy cheaper price if you keep waiting the impossible to happen. Take your chances or suffer from missing out.
Do some DCA if you see the price is getting cheaper and don't mind if it's bottom already because you will miss your chances to buy cheaper price if you keep waiting the impossible to happen. Take your chances or suffer from missing out.
Actually we willnot know the bottom rate, we will know about it exactly if wehave passed it and the prie continue increasing, there will be the bottom rate exactly after it.\So far, every bottom reached will create a new prediction again about the next bottom or probability to rise up. However, because this is still a bearish market, I don't think that this is the last bottom. We will probably have more bottoms later. That is why why dn't we prepare ourselves with more stablecoins to purchase more Bitcoin by average?
No one knows either the peak or the bottom which is something the main question that we do have into this market.! If this market was predictable on the first place then we all to be rich by nowbecause we know on when to get in and on when to get out which is really that impossible for any investment thats why we do keep on making speculation on whats the botoom.
Spotting it would be impossible but we do have different tools and analysis that we do have so that you do have at least the idea on how to deal with unpredictable
market then this would really be a great help.
Actually we willnot know the bottom rate, we will know about it exactly if wehave passed it and the prie continue increasing, there will be the bottom rate exactly after it.\So far, every bottom reached will create a new prediction again about the next bottom or probability to rise up. However, because this is still a bearish market, I don't think that this is the last bottom. We will probably have more bottoms later. That is why why dn't we prepare ourselves with more stablecoins to purchase more Bitcoin by average?
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?
No one can tell if we have reached the bottom or not yet, but we can always start to build our wealth with this consistent price decline. Don't wait for the bottom price, as through DCA we can still maximize our purchase and just buy every time the price drops. Although there will be more profits to gain in the future if we can buy at its bottom, but sadly none of us assures as to what could be its bottom price this year. 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?
It is really difficult to spot the bottom. As per my understanding it is possible to understand whether the market has turned bearish or bullish with continued price movement happening for certain time period. When the market is on the bearish trend we need to just focus on the price move and set a bottom target according to our mind and go for a buying. This is how I fix the bottom, sometimes it coincides with the perfect bottom with little variation over/under.
Yes, I believe no people can spot it correctly but if ever there are then I don't think they will share their predictions publicly because many are going to rely on it making the market imbalance but it would be more fun or has a thrill if the people have no idea if whats going to happen next.The only sure thing here that we can identify is the bears and bulls as you said. Right now we are on a bear market because most coins value are declining and it stayed there for a long period of time. I like your strategy there by the way of detecting the possible bottom. It was like you are playing a gambling because you are using that over and under words.
No offense but this sounds like a rookie question. If you are into trading longer you will see that nobody can predict anything. It's mostly idiots calling huge numbers (up or down) who sometimes are right, but most of the time are wrong. Just look at Plan B prediction...
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It is hard to spot the bottom price of the Bitcoin market especially when the market is in high bearish stage but history shows that the Bitcoin market always downtrends at least 70% to 90% of its ATH price and the last bottom price of Bitcoin is always known during the Q4 of the bearish season year.
Truee.from my observation, cryptocurrency is unpredictable
Cryptocurrency is predictable and it's being volatile in nature making it a subject to prediction but getting the right market price through prediction is impossible at a ratio of 100I tend to predict the possibility bitcoin price fall to $6k is there in very near future , actually could be around $10k -$15k ... just like the other day where bitcoin price fall down to $3k from the $20k all time high.
Where the world economic system shaking ... cryptocurrency could always become a safe haven! We'll see this time.
Having said that, there's high hope for the last bottom price of Bitcoin to be within the $10K - 15K as you stated but it's not happening now and I will advise people to be prepared for the event now.
The answer is we can not know how to do that.
I've been discussing this with some of my friends, but there are no answers and we all simply say that it is very difficult to know the bottom.
The price could move to any price without us knowing, even if we can draw the chart and pattern based on the bitcoin's previous history.
But that is just a prediction that we will never know.
I've been discussing this with some of my friends, but there are no answers and we all simply say that it is very difficult to know the bottom.
The price could move to any price without us knowing, even if we can draw the chart and pattern based on the bitcoin's previous history.
But that is just a prediction that we will never know.
We simply don't. The best people can do is assume and honestly, most assumptions are simply that, assumptions or at most an educated guess. There's no guarantee whatsoever that said assumptions will actually become reality. If one had a way to actually predict it then I don't think trading would even exist, or they'd even bother sharing it since, well, that would just seem dumb now, wouldn't it? We have the current community now because a lot of people can speculate but can't exactly identify what will actually become reality.
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?
you have just changed some terms but same posts had been asked for years now and that is How to find or understand the bottom but how can we ?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?
this is something we cannot find because if does? then we are already a millionaire now , imagine if we find when is the bottom? we can simply sell everything we have in life then invest all in such crypto then wait for the pump.
But it is not that easy lol.
There's no accurate way of predicting the bottom.
Correct. If someone had a system to determine that they could make a lot of money.
What we all do have an idea of when we are in the bull market and when we are in the bear market. Some technical indicators help, such as the weekly moving average or the fear and greed index. But come on, as determining the exact point of the button is mission impossible and if someone gets it right it is by chance, it is not going to be done consistently.
There's no accurate way of predicting the bottom. In fact, even among experienced traders and analysts there are those who think that Bitcoin has already bottomed but there are also those who think that there could still be more of Bitcoin's dip. This is anybody's guess now. What is sure is that we are already down low. So to those who wish to do the buying at the bottom, it is best to start doing your DCA right now. The price could still continue to fall down but it could also rebound.
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 ?
In the midst of the coronavirus epidemic in 2020 when world financial sectors were in shambles, crippled by the lockdown, Bitcoin showed strength. So, to that effect, your assertion isn't right. We often see the stocks market crash but Bitcoin remains resolute.About knowing when the market has bottomed out, that will be a hard thing to accurately get. This is a speculative market. Even with compasses in the form of indicators, we still can't get it absolutely right. However, I try to look at weekly and monthly close of candlesticks to gauge where the market direction could be on the long term. If a dip has lingered for a while, I begin to expect that a reversal is imminent and I start looking for a possible candle formation to support my suspicion. Otherwise, it's better to do a DCA on a crypto you know will do well and not totally wait for a bottom. There is nothing like a bottom while the market is still in progress. We only get to know that after it has passed that phase.
It is hard to spot the bottom price of the Bitcoin market especially when the market is in high bearish stage but history shows that the Bitcoin market always downtrends at least 70% to 90% of its ATH price and the last bottom price of Bitcoin is always known during the Q4 of the bearish season year.
Truee.from my observation, cryptocurrency is unpredictable
Cryptocurrency is predictable and it's being volatile in nature making it a subject to prediction but getting the right market price through prediction is impossible at a ratio of 100I tend to predict the possibility bitcoin price fall to $6k is there in very near future , actually could be around $10k -$15k ... just like the other day where bitcoin price fall down to $3k from the $20k all time high.
Where the world economic system shaking ... cryptocurrency could always become a safe haven! We'll see this time.
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It is hard to spot the bottom price of the Bitcoin market especially when the market is in high bearish stage but history shows that the Bitcoin market always downtrends at least 70% to 90% of its ATH price and the last bottom price of Bitcoin is always known during the Q4 of the bearish season year.
from my observation, cryptocurrency is unpredictable
Cryptocurrency is predictable and it's being volatile in nature making it a subject to prediction but getting the right market price through prediction is impossible at a ratio of 100
No one can truly know the bottom of crypto, that's is why lots of decent trader do DCA, dollar cost averaging. Its one of the best ways in buying the dip after you have done a thorough technical and fundamental analysis, I could remember when lots of people where predicting 20k to be bottom of bitcoin during this dip, it went to 17k if you dca then you are in profit, no one can know the dip it ain't possible
from my observation, cryptocurrency is unpredictable and it's a currency that is not controllable by any one, those predictions people made its on their assumptions of cryptocurrency price stability, some of them analysis is not accurate. The dip season can continue it's decrement beyond our prediction expectations so therefore we should not depend on any analysis of cryptocurrency from anybody, after researching or getting your facts of market analysis, you have it as personal hypothesis. Jump to: