It seems like it will be a little difficult if you want a Bitcoin price below $50K because today the Bitcoin price has almost returned to $59K, which means you only need the courage to buy at the current price if your dedication is to make a profit in the next month. And for now I still think that in the next month Bitcoin could get even more price increases as long as there is an influence that can trigger more Bitcoin buyers in the market. So it would be better if you want to make the decision to buy Bitcoin now rather than continuing to wait for low prices, which I myself am also not sure about someone's courage in buying Bitcoin when it has fallen a lot.
There is an opportunity for a price below $50k to be reached in the next price correction because price recovery does not guarantee that the price will last as long as above $55k, anything can happen in the crypto market and if you are targeting a price below $50k then you have to be patient waiting for the bearish market price. I think the main key is patience because everyone regrets missing the initial target because they thought that price would never be touched but the reality is that the market can fall below $55k regardless of any issues and cases that affect the crypto market price. 
Topic: I didn't expect to see it went below 56k - page 5. (Read 1646 times)
Current market conditions are difficult to predict, for beginners like me it might be an advantage if there continues to be a decline in prices, I can buy at a slightly cheaper price. with the spare funds I have, but I'm not sure if the price drop will be less than $50k.
It seems like it will be a little difficult if you want a Bitcoin price below $50K because today the Bitcoin price has almost returned to $59K, which means you only need the courage to buy at the current price if your dedication is to make a profit in the next month. And for now I still think that in the next month Bitcoin could get even more price increases as long as there is an influence that can trigger more Bitcoin buyers in the market. So it would be better if you want to make the decision to buy Bitcoin now rather than continuing to wait for low prices, which I myself am also not sure about someone's courage in buying Bitcoin when it has fallen a lot. 
there are some news today that make bitcoin drop, but something like this is not new for bitcoin, even bitcoin has experienced a worse drop than this, so there is no need to panic that bitcoin will drop even worse. the point is if you have bitcoin investment keep holding and don't panic, because you will not lose if you do not sell.
even if you can, you can accumulate more bitcoin when the market condition is like now and do not need to worry that the price will continue like this because bitcoin will definitely go up again.
Who would want Bitcoin to fall especially those who have invested a huge amount in Bitcoin, given the current situation of BTC there is more fear of the market going down. People including me who started doing DCA when it was at $65k have already invested a good amount of their money in BTC and now can only hope that it doesn't go down further and the market remains stable or starts going up soon. Indeed, it will not always be profitable or the market will always be up, so those who say that the market will not go down are just reassuring you or they are marketers. Don't understand that much about it.even if you can, you can accumulate more bitcoin when the market condition is like now and do not need to worry that the price will continue like this because bitcoin will definitely go up again.
As for the rest, only time will tell in which direction the market will move next, but we should hope for the best and we all are hoping for the best because we have seen BTC earlier and we know what it's capable of. For us, this is not new but a long wait.
This is the very reason why if you will invest a significant amount of money on this market, you should be ready for this kind of market movement as you can't always get the target price that you want. Also, it should not be the only asset that you are holding onto because if you have urgent financial needs, selling at a loss is always at bay.
Since this market is still very volatile, you should expect a roller-coaster ride of your funds. Even if we say, btc market has already established its position, still it is understandable to feel the anxiety when you are seeing the price to go down below your buying price. Hence, most long-term holders have strong belief about the capability of btc, in terms of how it can increase its value in the coming years.
Back above 56k back above 58k even but its too late. Big thing now is the 200 day average kept on rising and is now overhead of the current price.
We need to recover half a dozen different factors to properly regain positive momentum in an assured way. There is some hope in that the 5th July sell off day was a pin candle which is considered bullish. 1 day doesnt mean anything by itself but we have done ok since then. If July 5th is now the low of current action then a build in price is underway. Stay confident so long as we continue in a similar manner.
Next thing to watch will be late June action and beating 60k to 63k will right much of the threatened sell off that was extending forward before us.
We need to recover half a dozen different factors to properly regain positive momentum in an assured way. There is some hope in that the 5th July sell off day was a pin candle which is considered bullish. 1 day doesnt mean anything by itself but we have done ok since then. If July 5th is now the low of current action then a build in price is underway. Stay confident so long as we continue in a similar manner.
Next thing to watch will be late June action and beating 60k to 63k will right much of the threatened sell off that was extending forward before us.
Yes, this is a good opportunity for someone to buy bitcoin, now that Bitcoin is dipping continuously we shouldn't complain, instead we should buy when we have the money. Yesterday I watched a video when a dude was complaining that anytime he buys the dip the dip will continue to dip and I was like this man shouldn't bother at all because Bitcoin is dipping for a purpose. However people who complain now that Bitcoin is dipping are not using a good strategy to accumulate Bitcoin that's why they are not seeing the better side of the dip. Moreover we already know that Bitcoin will skyrocket after this dip so I don't see any reason for anyone to complain, there is always a passive purpose as Bitcoin is dipping.
Yes, of course for some people waiting for a moment like this, yes, the opportunity will never come a second time. If someone has bought at a decreasing price like this and in the future experiences a decrease again, I think this is a normal thing for an incident like this. In my opinion, people who complain are not not using a good strategy but they are not ready to lose their money, usually people who have experienced, of course they won't complain, in fact they are waiting for a moment like this, which is what investors always want. 
there are some news today that make bitcoin drop, but something like this is not new for bitcoin, even bitcoin has experienced a worse drop than this, so there is no need to panic that bitcoin will drop even worse. the point is if you have bitcoin investment keep holding and don't panic, because you will not lose if you do not sell.
even if you can, you can accumulate more bitcoin when the market condition is like now and do not need to worry that the price will continue like this because bitcoin will definitely go up again.
Who would want Bitcoin to fall especially those who have invested a huge amount in Bitcoin, given the current situation of BTC there is more fear of the market going down. People including me who started doing DCA when it was at $65k have already invested a good amount of their money in BTC and now can only hope that it doesn't go down further and the market remains stable or starts going up soon. Indeed, it will not always be profitable or the market will always be up, so those who say that the market will not go down are just reassuring you or they are marketers. Don't understand that much about it.even if you can, you can accumulate more bitcoin when the market condition is like now and do not need to worry that the price will continue like this because bitcoin will definitely go up again.
As for the rest, only time will tell in which direction the market will move next, but we should hope for the best and we all are hoping for the best because we have seen BTC earlier and we know what it's capable of. For us, this is not new but a long wait.
Current market conditions are difficult to predict, for beginners like me it might be an advantage if there continues to be a decline in prices, I can buy at a slightly cheaper price. with the spare funds I have, but I'm not sure if the price drop will be less than $50k.
I think it will hugely depends on the future mt gox settlement of the distribution of credits, that will be the one that determine whether bitcoin gonna tank below $53k or not, because honestly speaking if it were to go down below that, i will be readying myself for the DCA.the thing is, since government dumping has made quite the impact, people are hesitant to DCA or buy at current price, but at the same time, mt gox distribution which gonna takes 3 months, is distributed to individual, where each of them gonna make their choices, whether majority of them gonna dump, still yet to be seen, but knowing that they bought BTC at really low price, the chance of them dumping is quite high.
If you were following the market right from 2016 you would understand that there's nothing impossible to happen in the industry.
Even we didn't follow the market since 2016, we should understand that there are many factors to trigger the price decreasing severely. We have the news about MT Gox to send a big number of Bitcoin to creditors, this surely makes sense to influence the market price. Just image if the creditors sell the big number of the Bitcoin, the supply will increase significantly and the price drop quickly.Related news: https://www.theblock.co/post/303594/bitcoin-dips-mt-gox-moves-btc
I don't think something serious have happened let say to me the market would still drop to about 30 to 40 percent decrease from the ATH, this will happen before we finally get into full bull run if the history are in sequence because it seems the market is no longer moving the way it should but it is better to be optimistic that something positive gonna happened.
Yep. We already saw the same way in the previous cycle that the price dropped quite a lot after the halving. It will increase gradually when it is nearing the new ATH in the next year. Decreasing 30% - 40% is quite big, but it is still reasonable because we have some negative news recently. However, I am also the same as you, I no doubt with Bitcoin future. When the negative news is over, there should be another rally on Bitcoin uptrend. I assume in Q4 of this year, we may see another rally for the new ATH of Bitcoin.If you were looking for a better moment to enter the market then now is the right to engage yourself with DCA.
DCA can be done any time as long as the price looks far from the next ATH. However, sometimes the problem is about capital, we often has no longer money whenever there is a big dump. 
We're on the weekend so probably the damage has been controlled as of the moment. But we'll see when the markets open on Monday and for sure that many aren't going to like that.
I hope so... Bitcoin managed to return to 57,800$ nicely and it's already trying to break the 58,000$ line. It's possible that on the next days we see Bitcoin reaching close to 60,000$ again, which is an important price range to retrieve the optimism from investors after so many negative news and the recent crash. Personally, I believe once the sales from Mt. Gox's customers begin, the market will see it's not going to be so devastating like it was expected once the news came into the scene.So, the tendency is that fear of new crashes will cease, and more investors will start buying once again. The crash we saw was due to a psychological effect caused by fear, as investors didn't know how deep Bitcoin could fall, so they guaranteed some funds back into fiat on the short term. It's worthy to keep in mind not every investors can give themselves the luxury of holding forever. They have real life expenses and schedules, so the money they have invested in BTC has to be cashed out to fulfill such appointements from times to times.
It's a responsible measure to cashout before a large crash, so they can guarantee they can meet daily routine's debt.
For short-termers, this should be their thing. But for long term holders, we wouldn't mind whether a crash happens again.Just flee, rest and don't look at the charts if it's hurting you so that it will be your mechanism to address your panicking heart.
Sometimes when the market is hit by a disaster like that I think it is necessary to have a distraction rather than looking at a portfolio that is red and very sad. Leaving the market for a few days is the best way instead of constantly looking at the candles, it will give a little calm and not get a sense of panic, if you continue to look at the market, the possibility of panic will always arise and can make us want to sell the BTC we currently have at a loss, except maybe people who really think otherwise, that they need to get more BTC when the market is experiencing a significant decline like now, it is a smart move to do additional DCA.
We need distraction and that's why staying off from the market is what one must do. Don't look at your portfolios and never check the market, go back on it after a day or two.
We're on the weekend so probably the damage has been controlled as of the moment. But we'll see when the markets open on Monday and for sure that many aren't going to like that.
Monday will determine if the market can recover to $60,000 or if Bitcoin will continue dipping to below $50,000. We should not celebrate yet because we do not know what will happen on Monday. But I do not think we are going to like it though because I have a feeling that the selling will continue. The sudden dip has left many traders in shock including me. I always felt the market was going to dip but not to this extent. The fear spreading is a sell off coming from people with a large amount of Bitcoin and the panicking is still going to continue until they either sell or postpone their selling. Market is always slow during the weekend because some traders are not active in make trading.
This is so surprising to see that bitcoin has gone below the 60k benchmark to 56k within breaking out of this new month, does this show that more dip is possible to come within this period? Was this a shock to you seeing the price this low because I know lot of people were thinking of seeing bitcoin at 80k breaking out this new month. This now occurred to me that historical data still taking its place as it was before because when you look at the market it seems that this year didn't follow it's history and that was were confusion sets between investors and traders.
Will the price touch $38k this months?
I can't really predict what is going to happen or what may happen in the future. But in my personal opinion if Bitcoin goes on a further correction I don't think it will go below $50k, but I don't think it will get to $80k very soon. With the current bitcoin dumping I think there will be a good opportunity for many because if we keep investing in bitcoin in this market we can expect a good result at the end of the year. Many may be hoping for a further drop given the current dumping, but I think it's better to invest now rather than hoping for more dumping, if the price of Bitcoin starts to rise I think it would be foolish to miss the opportunity. Will the price touch $38k this months?
I don't see any reason for anyone to complain about bitcoin price right now, this is a good opportunity to get more bitcoin if you haven't, you've seen the dip then take most advantage of it, I'm not the type to expect bitcoin to fall any more than this, if you are using the DCA method and you have a good reserves I guess this is a good time to put then to use and get more bitcoin for yourself.
Yes, this is a good opportunity for someone to buy bitcoin, now that Bitcoin is dipping continuously we shouldn't complain, instead we should buy when we have the money. Yesterday I watched a video when a dude was complaining that anytime he buys the dip the dip will continue to dip and I was like this man shouldn't bother at all because Bitcoin is dipping for a purpose. However people who complain now that Bitcoin is dipping are not using a good strategy to accumulate Bitcoin that's why they are not seeing the better side of the dip. Moreover we already know that Bitcoin will skyrocket after this dip so I don't see any reason for anyone to complain, there is always a passive purpose as Bitcoin is dipping. They actually have to be prepared for the risk of current market conditions because however the market can move beyond our predictions, if they are not ready to accept the current market price then try to save your money to buy at the market price you want, for example a realistic target price of $50 k or below $45k, so they are mentally more prepared to accept market conditions than the current market price is still relatively high according to my review, so I still have reserve funds to buy at a lower price than the current price.
disappointed is very natural considering that it is an investment that we make using our own money and we hope that there will be an increase in price but what happens is the opposite. but an investor who understands bitcoin investment does not panic, because when they panic they will think carelessly and maybe they will sell their investment at a price that they should not sell. so just focus on holding and consider buying bitcoin back using the spare money that we have prepared in advance.
They actually have to be prepared for the risk of current market conditions because however the market can move beyond our predictions, if they are not ready to accept the current market price then try to save your money to buy at the market price you want, for example a realistic target price of $50 k or below $45k, so they are mentally more prepared to accept market conditions than the current market price is still relatively high according to my review, so I still have reserve funds to buy at a lower price than the current price. 
there are some news today that make bitcoin drop, but something like this is not new for bitcoin, even bitcoin has experienced a worse drop than this, so there is no need to panic that bitcoin will drop even worse. the point is if you have bitcoin investment keep holding and don't panic, because you will not lose if you do not sell.
even if you can, you can accumulate more bitcoin when the market condition is like now and do not need to worry that the price will continue like this because bitcoin will definitely go up again.
even if you can, you can accumulate more bitcoin when the market condition is like now and do not need to worry that the price will continue like this because bitcoin will definitely go up again.
Except for the newbies who are panicking, those who have been through a bear season or two before won't be worried about what's happening. But I guess many people were quite surprised and a bit disappointed because everything happened quite quickly and not as people expected. Most were very optimistic and expected a bitcoin recovery this month, but in less than the first week of July, we continued to see bitcoin being dumped. Disappointment is inevitable.
I was also surprised and a bit disappointed but did not panic because with such a deep decrease, it will take us quite a while to recover. But like you said, this will be an opportunity for those who still have money and want DCA.
disappointed is very natural considering that it is an investment that we make using our own money and we hope that there will be an increase in price but what happens is the opposite. but an investor who understands bitcoin investment does not panic, because when they panic they will think carelessly and maybe they will sell their investment at a price that they should not sell. so just focus on holding and consider buying bitcoin back using the spare money that we have prepared in advance.
Just flee, rest and don't look at the charts if it's hurting you so that it will be your mechanism to address your panicking heart.
Sometimes when the market is hit by a disaster like that I think it is necessary to have a distraction rather than looking at a portfolio that is red and very sad. Leaving the market for a few days is the best way instead of constantly looking at the candles, it will give a little calm and not get a sense of panic, if you continue to look at the market, the possibility of panic will always arise and can make us want to sell the BTC we currently have at a loss, except maybe people who really think otherwise, that they need to get more BTC when the market is experiencing a significant decline like now, it is a smart move to do additional DCA.
because on the moment that you do find yourself that way too positive but the market turned out to the opposite side of things then you would really be definitely be having that kind of preparation on what
things that might come and this is something that be recommended so that you wont really be ending up on frustrated or getting shocked on what happened.
Instead on freaking out with the current price then it would really be that ideal that you should really be having some considerations on making some entry instead on having those
kind of negative impressions or emotions on the current market condition. We do know that when it comes to movement then everything would really be turned out to be that
random and we cant really be having that moving upwards behavior forever, there would really be having corrections too on which this one would be normal.
What is certain is not to make decisions too quickly in buying or selling bitcoin, we must have prior planning so that whatever happens in the market we must be prepared for the consequences and maybe some people do not have bad expectations of bitcoin movements so they are a little afraid.
We just need to hold and never sell, especially at a loss, it will make ourselves in a bad situation in the future when the market goes back up, even higher than what has happened.
The price of bitcoin has fallen by over 22% since its last ATH of around $73k in March 2024. This has been too much for me and most other users, but of course I don't know how you feel now that you know that fact. Holders' mentality is tested by this downward trend, those who panic and fear loss will sell, while those who believe in the potential for recovery will hold and accumulate.
Personally I've ignored price volatility as much as I can, but it's certainly not fun to see prices drop that much from March to now. Of course we cannot hope that the upward trend will always last, sometimes there must be a downward trend so that the mentality of investors and holders becomes stronger.
There is no other way but to survive and continue to HOLD because selling now will definitely experience a lot of losses, maybe some of them are mentally affected because they see the market continuing to decline but with patience to wait for bitcoin to recover even though they don't know when it will happen so just stay optimistic.Personally I've ignored price volatility as much as I can, but it's certainly not fun to see prices drop that much from March to now. Of course we cannot hope that the upward trend will always last, sometimes there must be a downward trend so that the mentality of investors and holders becomes stronger.
Yaehhh ... will try to continue to accumulate in the falling bitcoin price.
Who does not panic with this falling price again tests the mentality of other investors how strong they survive, but after other news sinks the usual bitcoin starts to recover slowly.
~~~
Currently the price of Bitcoin is still around $57K which is generally not too far from the highest price seen this year so I also don't think Bitcoin will fall that low this month. Because if the decline certainly has a cause, it is clear that recovery is still a definite thing to hope for through other causes. However, for the new ATH, I still haven't made a prediction because it still takes a little more time for Bitcoin so it's also a good idea to keep holding and buying before a big recovery occurs again in Bitcoin.Personally I've ignored price volatility as much as I can, but it's certainly not fun to see prices drop that much from March to now. Of course we cannot hope that the upward trend will always last, sometimes there must be a downward trend so that the mentality of investors and holders becomes stronger.
We actually don't need to be surprised by the current market conditions because market movement dynamics will definitely exist after the drastic increase in the price of Bitcoin which reached ATH this year, so there is no need to overreact to the current market price and don't believe in low-level speculation that predicts the market price will fall to 30k, this situation will make people panic to sell bitcoin which could result in the price dropping, but we must be wise in taking advantage of DCA investment opportunities to focus on increasing bitcoin investment. However, bitcoin still has the opportunity to recover quickly because the current dominant price is still very close to the ATH price.
Currently the price of Bitcoin is still around $57K which is generally not too far from the highest price seen this year so I also don't think Bitcoin will fall that low this month. Because if the decline certainly has a cause, it is clear that recovery is still a definite thing to hope for through other causes. However, for the new ATH, I still haven't made a prediction because it still takes a little more time for Bitcoin so it's also a good idea to keep holding and buying before a big recovery occurs again in Bitcoin. 
The seller was likely the German government, who received compensation from Mt.gox. The German government can sell whenever they want because they don't buy those bitcoins so they don't care what the bitcoin price is. Meanwhile, Mt.gox victims are receiving 100x profits after 10 years, and they have waited so long to receive these bitcoins that selling them is inevitable.
My question is with such negative news, who will be brave enough to buy bitcoin now when most of us fear more price drops are waiting for us? Bitcoin price drops are always an opportunity, but how many people are brave enough to buy it?
Yes the German government was selling but thats all temporary selling in a bull
market, that as well as the MtGox saga will pass and be part of Bitcoin history
I cant believe there should be fear - again in a bull market post halving.
Actually what is happening is a good thing for the market and for us because the Mt.gox story has been going on for the past 10 years and it always causes panic every time news about it spreads. So the fact that they are refunding bitcoins to everyone is good news because they will soon be history and we will no longer fear anything related to Mt.gox in the future.
But in reality, not everyone thinks like us, especially those new to the market. It's understandable for newbies to panic over news like this, and it's normal for them to sell their bitcoins. But in the end, all of this will soon pass and the real bull season has not yet arrived, so those who have sold will soon regret it.
Recovering past 57k to end the week would help resolve this weekly bar positively and its generally the closing price that tends to matter more then most other factors. Above the 2 day but needs 60k to average out the week as positive then you really know thats a full recovery scenario. Weekly average or 60k here would be my golden rule or measure to take a move as genuinely positive or negative just acting to fool us.
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