Is $30k the bottom for this dip? | Bitcointalksearch.org

stadus

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Quote from: Baofeng on April 02, 2022, 03:13:28 PM

Bitcoin has always been interesting to many of us. Some see the volatility as a "friend". And as long as you know how to squeeze and utilize it's unstable price, then you are going to stay in the market for so long and play along with it as a investment instrument.

Volatility is the nature of bitcoin, regardless of the number of users and demand, volatility will always stay, that is the result of a fixed supply, so we have to deal with it. Some of us are just investing for long term, but volatility might cause a panic to us if we are not aware of it in the first place, we should not only look at the price increase or bull run because the market has a cycle, and we cannot deny that some of us are entice to invest during the bull run.

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Quote from: yohananaomi on March 26, 2022, 02:09:33 AM

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Since New ATH is almost a year when prices will approach $ 30k, there will be a very large transaction volume, can even be higher than when the price skyrocketing, Bitcoin is always interesting to observe because anything can occur so when the market is red, the price can drop below $ 30k even though the opportunity to skyrocket again is very big

but it seems that since the beginning of 2022, bitcoin has no desire to drop below the $30K price and continues to hold on to a fairly stable price in the $33K+ - $47K+ range, and now the trend will increase again to be able to break the crucial figure at the $50K price. .

So far so good though, maybe we have seen the worst already at $33k, but I wouldn't be that confident, we still have 9 months to go for the year, many things can popup that can change it.

Quote from: yohananaomi on March 26, 2022, 02:09:33 AM

but I strongly agree that bitcoin is very interesting because it is always changing quickly and not easy to predict, this is indeed a characteristic of bitcoin. at any time able to increase quickly but will also be easy to drop drastically. but because bitcoin will always create its newest ATH, this is what makes bitcoin always in demand as an investment.

Bitcoin has always been interesting to many of us. Some see the volatility as a "friend". And as long as you know how to squeeze and utilize it's unstable price, then you are going to stay in the market for so long and play along with it as a investment instrument.

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Quote from: ?? on ??

Since New ATH is almost a year when prices will approach $ 30k, there will be a very large transaction volume, can even be higher than when the price skyrocketing, Bitcoin is always interesting to observe because anything can occur so when the market is red, the price can drop below $ 30k even though the opportunity to skyrocket again is very big

but it seems that since the beginning of 2022, bitcoin has no desire to drop below the $30K price and continues to hold on to a fairly stable price in the $33K+ - $47K+ range, and now the trend will increase again to be able to break the crucial figure at the $50K price. .

but I strongly agree that bitcoin is very interesting because it is always changing quickly and not easy to predict, this is indeed a characteristic of bitcoin. at any time able to increase quickly but will also be easy to drop drastically. but because bitcoin will always create its newest ATH, this is what makes bitcoin always in demand as an investment.

wozzek23

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Quote from: TravelMug on March 17, 2022, 05:56:02 AM

If my memory serves me right, we have achieved multiple all time high in a single year. We haven't seen that before that's why others have said that bitcoin narrative is changing already with many whales and then majority is still the retail investors like you and me.

Nevertheless though, we are still not sure if we have seen the lowest low or not, many things can happen in the future. The best thing to do is really be very careful and just buy if the price goes down hard in the lower $30k.

In 2021? We definitely did. We reached to 30k level by the end of 2020, and from there we just kept on going higher and higher, reached 64k which was a new all time high and dropped very hard, like literally under 30k levels at some point.

By the time October came around, we reached 68k again from all the way down, which was awesome to see, and that was breaking another ATH. I do not remember a single year where we had a more than 2x increase, more than 50% drop and then more than x2 increase and another 50% drop, all in a single year. Doesn't mean that it is impossible, it happened so it is possible but it was something I really did not expected at all.

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Quote from: lixer on March 12, 2022, 05:38:21 PM

Quote from: Lubang Bawah on March 12, 2022, 07:18:06 AM

Quote from: Frengki_cisco on March 11, 2022, 10:04:25 PM

I see every day the development of Bitcoin lately a little difficult to step up to $ 40k, January to March 2022, still playing in the position of $ 30k and above, I think Bitcoin this year, will experience more changes and fall again, can..so touched under $30k lower.

Usually after a price explosion there will be a decline and this happens every 4 years, namely 2013 and 2017, and when the market can skyrocket in 2021, the beginning of 2022 looks sluggish, I hope 2022 will not repeat 2014 and 2018 which took time to more than 2 years to recover and skyrocket again.

I am not sure if we are going to have that kind of thing anymore. I am not saying that it is over and we won't ever have it, but we are in a situation where we saw 64k as ATH before in 2021, and then it dropped 60%+ or so, and then we reached to 68k again.

It all happened inside a single year, many people think that we had it in that cycle and it will be 4 years later again, but that drop and increase proves to me that we may not be in a cycle anymore. I believe that we could be 70k in a month as well, or maybe we won't but at least the chance of it is there. This is why I am not really waiting on a great return that many years later, it could happen at any given minute.

If my memory serves me right, we have achieved multiple all time high in a single year. We haven't seen that before that's why others have said that bitcoin narrative is changing already with many whales and then majority is still the retail investors like you and me.

Nevertheless though, we are still not sure if we have seen the lowest low or not, many things can happen in the future. The best thing to do is really be very careful and just buy if the price goes down hard in the lower $30k.

lixer

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Quote from: Lubang Bawah on March 12, 2022, 07:18:06 AM

Quote from: Frengki_cisco on March 11, 2022, 10:04:25 PM

I see every day the development of Bitcoin lately a little difficult to step up to $ 40k, January to March 2022, still playing in the position of $ 30k and above, I think Bitcoin this year, will experience more changes and fall again, can..so touched under $30k lower.

Usually after a price explosion there will be a decline and this happens every 4 years, namely 2013 and 2017, and when the market can skyrocket in 2021, the beginning of 2022 looks sluggish, I hope 2022 will not repeat 2014 and 2018 which took time to more than 2 years to recover and skyrocket again.

I am not sure if we are going to have that kind of thing anymore. I am not saying that it is over and we won't ever have it, but we are in a situation where we saw 64k as ATH before in 2021, and then it dropped 60%+ or so, and then we reached to 68k again.

It all happened inside a single year, many people think that we had it in that cycle and it will be 4 years later again, but that drop and increase proves to me that we may not be in a cycle anymore. I believe that we could be 70k in a month as well, or maybe we won't but at least the chance of it is there. This is why I am not really waiting on a great return that many years later, it could happen at any given minute.

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Quote from: 7788bitcoin on March 11, 2022, 07:01:53 PM

Quote from: Chato1977 on March 11, 2022, 03:38:08 AM

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of course but at least the price now maintains 30k level , though it may sounds stupid and bad but I am seeking for 20k level because i wanted to purchase more when the price is really that low and may give me more profit for long term holding .

Anyone who missed the opportunity to hold the coins when the price was low would want to market to go down drastically so that they will have the opportunity to invest and then wait for the next rally. When there was a major correction, i expected the market to go down further but magically it was held together and it did not go down to $30k levels for a long time and it is exciting to see how long we will have a strong support at $30k.

They will lose then if they didn't hold when the price is low but what you mean to say is if they missed buying when the price was low but it was sometimes their fault because they are expecting for more. Nothing will change if that was still their mindset. Nowadays, I don't think the price will drop too much because of the stronger support that bitcoin is getting from the public ( adoption ).

I did mention the hold word earlier, hodling is best once we successfully bought a coin but again, let's try to be realistic if what price are we going to see before we finally sell what we hodl. Someone says btc will hit 100k but I'm sceptical to that because btc didn't reach that yet.

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Quote from: Frengki_cisco on March 11, 2022, 10:04:25 PM

I see every day the development of Bitcoin lately a little difficult to step up to $ 40k, January to March 2022, still playing in the position of $ 30k and above, I think Bitcoin this year, will experience more changes and fall again, can..so touched under $30k lower.

Usually after a price explosion there will be a decline and this happens every 4 years, namely 2013 and 2017, and when the market can skyrocket in 2021, the beginning of 2022 looks sluggish, I hope 2022 will not repeat 2014 and 2018 which took time to more than 2 years to recover and skyrocket again.

Frengki_cisco

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I see every day the development of Bitcoin lately a little difficult to step up to $ 40k, January to March 2022, still playing in the position of $ 30k and above, I think Bitcoin this year, will experience more changes and fall again, can..so touched under $30k lower.

7788bitcoin

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Quote from: Chato1977 on March 11, 2022, 03:38:08 AM

~
of course but at least the price now maintains 30k level , though it may sounds stupid and bad but I am seeking for 20k level because i wanted to purchase more when the price is really that low and may give me more profit for long term holding .

Anyone who missed the opportunity to hold the coins when the price was low would want to market to go down drastically so that they will have the opportunity to invest and then wait for the next rally. When there was a major correction, i expected the market to go down further but magically it was held together and it did not go down to $30k levels for a long time and it is exciting to see how long we will have a strong support at $30k.

Chato1977

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Quote from: virasog on March 06, 2022, 05:01:22 AM

Quote from: Chato1977 on February 20, 2022, 07:00:45 AM

Quote from: arufox on February 20, 2022, 06:03:03 AM

I don't think the bitcoin price will drop further to the $30k level although in recent times the bitcoin price has decreased slightly where the bitcoin price has dropped to the $38k level. I see the current downward trend is only temporary because the potential for the market to return to bullish is still possible.

Lol wait if the war in Europe happens , then even 20k will be on our way, remember that this is involving one of the most powerful country in the world(Russia) so the effect will surely cover all businesses and markets and including cryptocurrency .

No one can say what will be the exact botton. 34-35K could be the bottom before we see the next all time high. If there is a war and other crises, fundamentally bad news can push it to 20-25K also. Nothing is impossible when it comes to bitcoin price. It may reach 100 thousand dollars or it may reach 10,000$. No can can predict the top and bottom of bitcoin.

of course but at least the price now maintains 30k level , though it may sounds stupid and bad but I am seeking for 20k level because i wanted to purchase more when the price is really that low and may give me more profit for long term holding .

wozzek23

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Quote from: sana54210 on March 09, 2022, 03:08:23 PM

Strong support lines are always harder to crack, not impossible like you said, but harder. Which means there will be plenty of people who will put buy orders at around 30k and then sell orders at 29.5k, that way you would be losing only a little if you are wrong, and if you are right then you would be buying at the bottom and it will go up. That's the type of thing that you could make money if you do it constantly.

Doesn't mean that you need to do it once a day, but you could always see it bottoming out at a strong support level and if you know what you are doing then you will end up with a profit. It will certainly cause a bit of trouble to be constantly online, so you could also use a trading bot to do the same thing.

They are harder to crack only during the periods when it is not really that bad. When the market is not really that big, you end up with support lines or even resistance lines not getting broke that frequently. However, when you end up with something that is a bit more serious, like a big crash, or a big hype, you end up with something that is a bit more understandable and it's easier to crack.

What I mean is, maybe 30k will not get broken down under and the price will not be there, but if it were, it wouldn't be just slow by slow, we won't see 5% per day drops few times a week for months before it goes under that price. We are going to see a huge crash that happens like in a day and go to near 30k levels, like maybe 32 or 33, and then we will see under 30k after a few days. If it ever happens, it will be like that.

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Quote from: justdimin on March 09, 2022, 02:49:09 AM

There is absolutely no prediction that could be made, just the historical data. Whenever we reached 30k, there were tons of buy orders and that is why he thinks that the same will happen. First of all, those are usually just support walls that people are putting, they can be crashed and the price could go under that, so there is no guarantee. However, I agree that it is a bit harder to crash that compared to other prices.

Like there isn't one at 31k, not at 32k, not at 33k and so forth until any price, so the strongest is around 30k levels and that is why people are actually making a good prediction that if that is the strongest then it will bounce from that.

Strong support lines are always harder to crack, not impossible like you said, but harder. Which means there will be plenty of people who will put buy orders at around 30k and then sell orders at 29.5k, that way you would be losing only a little if you are wrong, and if you are right then you would be buying at the bottom and it will go up. That's the type of thing that you could make money if you do it constantly.

Doesn't mean that you need to do it once a day, but you could always see it bottoming out at a strong support level and if you know what you are doing then you will end up with a profit. It will certainly cause a bit of trouble to be constantly online, so you could also use a trading bot to do the same thing.

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Quote from: Fundamentals Of on March 06, 2022, 10:46:25 PM

Quote from: bhooscream on March 06, 2022, 05:07:07 PM

Large quantity of buying around $30k isn't the indicator/sign that $30k is the lowest price of this bearish phase. In my opinion, Bitcoin price is very possible to drop more, even it can drop to $20k for sure. We must realize that we are still at the beginning of the bearish phase, Bitcoin price drop to $30k is only the sign of the true bearish season. Since the bearish season can occur from 2022 to 2024, the chance of Bitcoin price to drop lower than $30k should be very possible. I guess the Bitcoin price may drop to $20k in Q3 - Q4 of 2022 or in Q1 - Q2 of 2023.

Why do you think so? Other than merely making a wild guess, do you have any basis for this prediction? Are we in the beginning of a bearish phase? I don't think so. The price of Bitcoin was bearish ever since it fell down from its ATH. From that point on until now, the market looks bearish. There were moments when I thought the bullish sentiment has resumed but those were very quick moments. The price would still go down after some days.

There is absolutely no prediction that could be made, just the historical data. Whenever we reached 30k, there were tons of buy orders and that is why he thinks that the same will happen. First of all, those are usually just support walls that people are putting, they can be crashed and the price could go under that, so there is no guarantee. However, I agree that it is a bit harder to crash that compared to other prices.

Like there isn't one at 31k, not at 32k, not at 33k and so forth until any price, so the strongest is around 30k levels and that is why people are actually making a good prediction that if that is the strongest then it will bounce from that.

Lorence.xD

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The price of $30k occurred in july or 8 months ago, since then the price has never been below $30k, the unique thing is when the price of bitcoin below $30k is a very large transaction volume, this proves that investors are really waiting to be able to buy with cheap price.

We don't know yet though, I mean that might just be a coincidence that it has gone up in transactions, also what if they know that they might be able to drive down the prices further just so they can buy bitcoin a bit more cheaper than the last lowest price? We never know what's going to happen next so as always, we should wait and observe.

Fundamentals Of

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Quote from: bhooscream on March 06, 2022, 05:07:07 PM

Quote from: ?? on ??

When the price is close to $30k there will usually be a very large quantity of buying, I'm sure that bitcoin will not drop below $30k again,

Large quantity of buying around $30k isn't the indicator/sign that $30k is the lowest price of this bearish phase. In my opinion, Bitcoin price is very possible to drop more, even it can drop to $20k for sure. We must realize that we are still at the beginning of the bearish phase, Bitcoin price drop to $30k is only the sign of the true bearish season. Since the bearish season can occur from 2022 to 2024, the chance of Bitcoin price to drop lower than $30k should be very possible. I guess the Bitcoin price may drop to $20k in Q3 - Q4 of 2022 or in Q1 - Q2 of 2023.

Why do you think so? Other than merely making a wild guess, do you have any basis for this prediction? Are we in the beginning of a bearish phase? I don't think so. The price of Bitcoin was bearish ever since it fell down from its ATH. From that point on until now, the market looks bearish. There were moments when I thought the bullish sentiment has resumed but those were very quick moments. The price would still go down after some days.

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Quote from: bhooscream on March 06, 2022, 05:07:07 PM

Quote from: ?? on ??

When the price is close to $30k there will usually be a very large quantity of buying, I'm sure that bitcoin will not drop below $30k again,

Large quantity of buying around $30k isn't the indicator/sign that $30k is the lowest price of this bearish phase. In my opinion, Bitcoin price is very possible to drop more, even it can drop to $20k for sure. We must realize that we are still at the beginning of the bearish phase, Bitcoin price drop to $30k is only the sign of the true bearish season. Since the bearish season can occur from 2022 to 2024, the chance of Bitcoin price to drop lower than $30k should be very possible. I guess the Bitcoin price may drop to $20k in Q3 - Q4 of 2022 or in Q1 - Q2 of 2023.

The market is unpredicted so anything can happen, Bitcoin's price can plunged below 30k. But I think the possibility is low because if it happened, its certain that many investors will take advantage the cheap price. Hence even the price reached that value, it wont last long.

Anyway, we are only in first quarter of the year so there's more to look forward.

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Quote from: ?? on ??

When the price is close to $30k there will usually be a very large quantity of buying, I'm sure that bitcoin will not drop below $30k again,

Large quantity of buying around $30k isn't the indicator/sign that $30k is the lowest price of this bearish phase. In my opinion, Bitcoin price is very possible to drop more, even it can drop to $20k for sure. We must realize that we are still at the beginning of the bearish phase, Bitcoin price drop to $30k is only the sign of the true bearish season. Since the bearish season can occur from 2022 to 2024, the chance of Bitcoin price to drop lower than $30k should be very possible. I guess the Bitcoin price may drop to $20k in Q3 - Q4 of 2022 or in Q1 - Q2 of 2023.

Jating

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Quote from: virasog on March 06, 2022, 05:01:22 AM

Quote from: Chato1977 on February 20, 2022, 07:00:45 AM

Quote from: arufox on February 20, 2022, 06:03:03 AM

I don't think the bitcoin price will drop further to the $30k level although in recent times the bitcoin price has decreased slightly where the bitcoin price has dropped to the $38k level. I see the current downward trend is only temporary because the potential for the market to return to bullish is still possible.

Lol wait if the war in Europe happens , then even 20k will be on our way, remember that this is involving one of the most powerful country in the world(Russia) so the effect will surely cover all businesses and markets and including cryptocurrency .

No one can say what will be the exact botton. 34-35K could be the bottom before we see the next all time high. If there is a war and other crises, fundamentally bad news can push it to 20-25K also. Nothing is impossible when it comes to bitcoin price. It may reach 100 thousand dollars or it may reach 10,000$. No can can predict the top and bottom of bitcoin.

In as much as we can't predict the top, it is the same with bottom.

There are speculators who said that we will hit $100k last December and it didn't happen. And the same scenario, there are predictions that we will see $20k as the floor fight, but so far we hadn't even touch that.

So it will really base on how the market will react at this point, now that the covid-19 is on the back seat issues for most countries, now we have a new one, the war in Europe that really affecting the market.

virasog

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Quote from: Chato1977 on February 20, 2022, 07:00:45 AM

Quote from: arufox on February 20, 2022, 06:03:03 AM

I don't think the bitcoin price will drop further to the $30k level although in recent times the bitcoin price has decreased slightly where the bitcoin price has dropped to the $38k level. I see the current downward trend is only temporary because the potential for the market to return to bullish is still possible.

Lol wait if the war in Europe happens , then even 20k will be on our way, remember that this is involving one of the most powerful country in the world(Russia) so the effect will surely cover all businesses and markets and including cryptocurrency .

No one can say what will be the exact botton. 34-35K could be the bottom before we see the next all time high. If there is a war and other crises, fundamentally bad news can push it to 20-25K also. Nothing is impossible when it comes to bitcoin price. It may reach 100 thousand dollars or it may reach 10,000$. No can can predict the top and bottom of bitcoin.

Topic: Is $30k the bottom for this dip? (Read 856 times)