Seeing bitcoin dropping its price drastically is never new to us because this has happened already in its previous years. But to be honest, I also expect bitcoin to start skyrocketing its price months after bitcoin having, but I don't think it will be happening this month. In fact, we may witness more of this in the next days or months, that's how volatile bitcoin is. But one thing is certain, time will definitely come that we will see bitcoin price one of these days surging high and going up to the moon again when we least expect it to happen.
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. 
Topic: I didn't expect to see it went below 56k - page 6. (Read 1636 times)
This is so surprising to see that bitcoin has gone below the 60k benchmark to 56k within breaking out of this new month,
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Unexpected - yes, but not really surprising. Bitcoin has had its ups and downs in the past, and a 27% drop, while significant, is not unheard of for this volatile asset. As investors it is wise to keep some perspective during times of market turbulence. No one truly knows what the future holds - the price could continue falling or reverse course at any moment.
zooming out a bit, it is important to remember Bitcoin's tremendous growth trajectory over the last few years. Short-term price corrections can feel jarring in the moment, but may cause less distress for those taking a long-term view and avoiding overexposure. Time will tell whether this is just another bump in the road or part of a larger correction. Patience and discipline are key.
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.
The price was already below $55k this week so there is no need to say bitcoin will not decline below $56k. It has already gone below that and and for this month bitcoin will not hit $38 and if bitcoin reached that price then the dip is sure to bw hit. And for those people who are saying that the price will reach $60k on Monday, they are just dreaming. The price will not reached $60k on Monday and if it increases the it will be at least $57k if not it will be at the price nod $55k or $56k.
The price of bitcoin at the end of the year is 60k as my prediction because the price is about entering the bear as of April next year.
The price of bitcoin at the end of the year is 60k as my prediction because the price is about entering the bear as of April next year.
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.
If you were following the market right from 2016 you would understand that there's nothing impossible to happen in the industry. 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.
If you were looking for a better moment to enter the market then now is the right to engage yourself with DCA.
If you were looking for a better moment to enter the market then now is the right to engage yourself with DCA.
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'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.
The crypto market is unpredictable. You don't expect to see any price at any time. Bitcoin's price can rise or fall at any time without anyone's permission or knowledge. But one thing interesting about the price movement of bitcoin is that it always falls to people's advantage to sell their bitcoin at profits or to accumulate more bitcoin at a discount price.
My expectation is for bitcoin to decline to a price less than $50k so that I accumulate bitcoin at a discount. but how sure am I that it will decline to that amount, now the market is picking up despite the MtGox sales this month
My expectation is for bitcoin to decline to a price less than $50k so that I accumulate bitcoin at a discount. but how sure am I that it will decline to that amount, now the market is picking up despite the MtGox sales this month
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?
dropping to $38k in my opinion is impossible, in my opinion the lowest bitcoin price until the end of this year is $45k imo.Will the price touch $38k this months?
If we look at the history of Bitcoin prices since it was first circulated, price declines after the Bitcoin halving often occur, so don't be surprised, if you have a stable income then i suggest buying Bitcoin using the DCA method. The point is, don't sell bitcoin that you bought at previously high prices (if you buy it)
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 don't think so, I don't think the price of Bitcoin will touch $38K again this month even though the price is currently experiencing a decline. Because on the one hand, I still believe in price recovery, which could slowly happen again this month until it passes the $60K mark again. The decline in prices due to the influence of news that has caused excitement in recent days should still be considered a quite normal thing because in the past it has also happened to Bitcoin where price declines were influenced by bad news and could cause more panic among many investors. Will the price touch $38k this months?
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.
But with all of these unexpected moved from Bitcoin. We have been used to this and those who can't take it anymore are free to flee the market but don't sell all that you've got.
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.
But with all of these unexpected moved from Bitcoin. We have been used to this and those who can't take it anymore are free to flee the market but don't sell all that you've got.
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.
The lowest I saw was $53,500 which wasn’t pleasant but at least it didn’t go under $50,000. Hopefully I haven’t jinxed us there but it seems there is willingness to scoop up coins under $55,000. We are not out of the woods yet though, the German government is still selling & MtGox are about to, or are already if you believe stories on Twitter, reimbursing creditors. Hopefully the worst is behind us but don’t bet on it.
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Well, you don't have to be surprised, mate. According to some price analysis last month compared to the month before it, Bitcoin was definitely going to experience a price dip this month, and even next month, it could be that a price pump will happen towards the end of the year or even next year, so until then, the price of Bitcoin might likely not pump any time soon.
Bitcoin is a volatile asset, and if you understand it, you don't have to freak out about its price change. It could be seen tomorrow at $60k or more, and the reverse could also be the case the next day.
Bitcoin is a volatile asset, and if you understand it, you don't have to freak out about its price change. It could be seen tomorrow at $60k or more, and the reverse could also be the case the next day.
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.
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. 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.
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.
Ehh I mean it's not that big in the grand scheme of things. I reckon it's just such a big impact because majority of the market sentiment (or at least what you and I saw) was expecting that Bitcoin would stagnate at 60k at most, hover around there a couple of months and go straight to 100k ish or somewhere around there. Still, I'd say we're still only halfway of the year and I personally expect more positive growth later on the year compared to now.
As for 38k, oddly specific but anyway who knows. Highly doubt it, we'd probably see a stop at 50k ish if we do drop continuously though.
As for 38k, oddly specific but anyway who knows. Highly doubt it, we'd probably see a stop at 50k ish if we do drop continuously though.
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.
It is true that those of us who invest in bitcoin should have this mindset, the rise and fall of the price of bitcoin is normal because the market is dynamic and things like this often happen in the market. If there is big news it will affect the market. However, we don't need to panic, in fact at times like this we have to take advantage of market declines to continue buying bitcoin. I believe that if you are an investor using the DCA strategy, this is a great time to continue buying and holding for the long term.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.
Bitcoin once fell to $16.000 and once rose to $72.000 and now bitcoin has experienced a slight decline because there was news that made many people sell it until the price of bitcoin fell to $53.485 but is now back at $56.702. So don't ever think that we will end, that will actually make us panic? Stay patient, because now Bitcoin is slowly starting to recover, we just need to be patient. It's true as you said, as long as we haven't sold bitcoin, we haven't experienced a loss, so keep holding.
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?
dropping to $38k in my opinion is impossible, in my opinion the lowest bitcoin price until the end of this year is $45k imo.Will the price touch $38k this months?
If we look at the history of Bitcoin prices since it was first circulated, price declines after the Bitcoin halving often occur, so don't be surprised, if you have a stable income then i suggest buying Bitcoin using the DCA method. The point is, don't sell bitcoin that you bought at previously high prices (if you buy it)
People will end up buying at 70k, some will even think that cheap its just not that time right now. Theres never only a singular price, its a price on that time and place and they all vary in context. The price now is 3000 over the lows of only some hours ago, thats a pretty good recovery alot of effort and money in that rally but we still got question it. I do however think there is more to come in development, more traffic to deal with before any ideas of shooting down those higher prices.
Its work that BTC price action has to do like clearing the road of snow before you can properly drive it, no option around it really. 57k is 2 day average and 58k is where Im waiting for BTC to confirm above before I can expect something more positive lasting over days not just hours. Sometimes every rally just ends up another chance to be sold because the price contained alot of trade(r)s who want to exit which leads to a repeat downwards and so on it cycles.
Its work that BTC price action has to do like clearing the road of snow before you can properly drive it, no option around it really. 57k is 2 day average and 58k is where Im waiting for BTC to confirm above before I can expect something more positive lasting over days not just hours. Sometimes every rally just ends up another chance to be sold because the price contained alot of trade(r)s who want to exit which leads to a repeat downwards and so on it cycles.
Why buy bitcoin at 70K, when you can buy it much lower when all of these coins hit the market.
If no one is willing to buy when the price was $70k, who do you think will buy from those who are selling? And what actually will bring down the price if no one is willing to buy and is waiting for the price to drop? Real hodlers will definitely buy no matter what the price is; their target is to hold and accumulate for a long period of time, and when the fund is available, they will refill their wallet.
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