Is everyone ready for Bitcoin's NEXT LEG DOWN ??? Federal Reserve Tightening

Symmetrick

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Quote from: HardFacts on September 05, 2022, 02:55:06 PM

Past performance is not indicative of future results. Google it...

In 2014 and 2017, when bitcoin was in great difficulty, it was also said that the past cannot be a determining factor for the future of this asset. But at the moment, so far, Bitcoin has a pronounced cyclical nature.

Of course, now all markets are experiencing difficulties with liquidity. But this won't go on forever. It’s definitely not worth waiting for something good from the crypto market now. In 2020, due to the pandemic, I heard many times that it is necessary to urgently sell all digital assets and shift to physical goods, since during periods of a pandemic the value of any virtual candy wrappers tends to zero and such assets must be disposed of. After that, a year and a half passed and the picture changed dramatically. So now, again there is talk about the urgent need to get rid of bitcoin, because now there are such bad market conditions. There are always, always were and will be alarmists, but holders will never listen to such people.

Scripture

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Quote from: OgNasty on September 13, 2022, 07:43:02 PM

Quote from: HardFacts on September 05, 2022, 02:55:06 PM

Who is going to ride the next bitcoin crash down Huh

Me I guess. I'm fully expecting the market to continue dropping for a few months, but I'm not worried about it or rushing to sell what crypto I have. This is because I also expect it to rise to new highs once the dust settles. I plan to use the next year of low prices as an opportunity to stack sats and wait for the right time to do something great. I think the only real concern holders should have is surviving until the next moon shot.

I see chart in connection with S&P 500, Stocks and Bitcoin, it looks like they are moving the same pattern and really depends on the US economy so I think the price will stay on a bear market until the US economy stabilize and made at least a good pump. This is fine, cheaper Bitcoin is a good opportunity to buy more and we should take that opportunity, the whole market is still down though.

OgNasty

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Quote from: HardFacts on September 05, 2022, 02:55:06 PM

Who is going to ride the next bitcoin crash down Huh

Me I guess. I'm fully expecting the market to continue dropping for a few months, but I'm not worried about it or rushing to sell what crypto I have. This is because I also expect it to rise to new highs once the dust settles. I plan to use the next year of low prices as an opportunity to stack sats and wait for the right time to do something great. I think the only real concern holders should have is surviving until the next moon shot.

Don Pedro Dinero

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Quote from: Fundamentals Of on September 12, 2022, 11:05:17 PM

In the past, there might have been direct correlation between Bitcoin's price and Nasdaq stocks. But that doesn't predict the future, right?

The alleged relationship, which is more of a correlation, has only been such for short periods of time.

At the moment we have been tightening for a few months and USD 20,000 seems to be quite strong support. It has come down a few times from that level but if the price goes down again it looks like it is going to do what it has done the last few times: it is not going to stay there for long.

For me to believe that the price is going to test new lows and spend a long time below 20,000 USD I would expect very bad news specific to bitcoin, and not simply that the FED and the other central banks will continue with a policy that has been predicted and in many cases discounted by the markets.

Fundamentals Of

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If you haven't noticed in your post, you are actually contradicting yourself. You ended with a sort of a warning that it is a universally accepted financial fact that the past isn't indicative of the future. If that is true, then you may forget about your fear of a crash simply because the Fed is to tighten monetary policies. In the past, there might have been direct correlation between Bitcoin's price and Nasdaq stocks. But that doesn't predict the future, right?

adaseb

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In a few hours we got inflation data out. We are expecting pretty much no inflation increase compared to last month. This data is very important because if we get a positive print like >0.5% we will get a massive sell off in all markets worldwide.

Right now everyone is thinking that the fed increased rates and it slowed inflation, however if inflation is still up then it means higher fed rate hikes need to come.

Silberman

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Quote from: el kaka22 on September 07, 2022, 04:20:49 AM

OP is simply trying spread FUD and nothing else. When bitcoin is into bear market, people will lose their networth and not their confidence nor any bitcoins hence over reacting to downfall conditions of market is always not recommended. So, just holding your bitcoins tight is the only thing, I like to suggest everyone who are all into long term holders.

I will not lose my money by holding my bitcoins because my entry prices were spreading out way back since 2013. So, not all the people here are panicking and over reacting to bear market. If you get time to analyse the potential and fundamental of bitcoin opportunity then definitely you must be looking for dips to buy more. This is definitely a right time to buy more and not for exiting.

People need to be very careful when they decide to invest in an asset like bitcoin, it often surprises me that people are acting as if the bear market that we are experiencing right now is somehow something we have never seen before, they should have been prepared for the bear market they knew was coming, either by becoming traders and selling as soon as they could when the trend turned negative or by becoming long term investors and hold their coins no matter how low the market could go, it is only when they fail to take any of those two postures when huge losses are incurred by those people.

justdimin

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Quote from: TheGreatPython on September 08, 2022, 05:31:26 AM

Quote from: hugeblack on September 06, 2022, 02:01:26 PM

Attempting to shorting Bitcoin at this price is considered risky, as the chances of a return to levels of $11,000 are not considered good. And if it happens, returning again to a level higher than 19k will steal more time, and therefore I do not think that someone will wait, but will start to panic again that the price will drop again.

In general, any attempt to sell at these prices (if you are not forced) is not the right choice.

Shorting is an act of selling and buying at a much cheaper price so it's actually very good if the price dumped to 11k right after we sell at the current price which is 18.7k usd. Once we get to a lower level, the recovery rate is going to be faster because many people are going to buy as well. In the event there is a small delay and someone can't patiently wait then that's their problem anymore not and ours. Better if they will just sell to incur a big loss and then leave this market forever. We don't need weak people here anyway.

We should have done it when it was higher, if you start shorting now when the price is already lower, that will not help you at all, it would hurt your finances more than it helps you. This is why there is no need to keep on making shorting calls at the current price.

I am not saying go buy some long futures, but holding bitcoin right now would be smarter decision, start shorting a bit when it's pumped, usually that means it will start going lower, but doing it now is not the case. I personally hold bitcoin and do not sell it or short it at any situation, I just dislike the idea of bitcoin going down and not bet on it at all.

TheGreatPython

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Quote from: hugeblack on September 06, 2022, 02:01:26 PM

Attempting to shorting Bitcoin at this price is considered risky, as the chances of a return to levels of $11,000 are not considered good. And if it happens, returning again to a level higher than 19k will steal more time, and therefore I do not think that someone will wait, but will start to panic again that the price will drop again.

In general, any attempt to sell at these prices (if you are not forced) is not the right choice.

Shorting is an act of selling and buying at a much cheaper price so it's actually very good if the price dumped to 11k right after we sell at the current price which is 18.7k usd. Once we get to a lower level, the recovery rate is going to be faster because many people are going to buy as well. In the event there is a small delay and someone can't patiently wait then that's their problem anymore not and ours. Better if they will just sell to incur a big loss and then leave this market forever. We don't need weak people here anyway.

Quote

The Federal Reserve as vowed to tighten monetary conditions to bring down inflation. This includes bringing down FINANCIAL ASSETS.

This is a great new but I don't think cryptos are going to be affected with it because they don't own or control it.

btc_angela

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Quote from: el kaka22 on September 07, 2022, 04:20:49 AM

OP is simply trying spread FUD and nothing else. When bitcoin is into bear market, people will lose their networth and not their confidence nor any bitcoins hence over reacting to downfall conditions of market is always not recommended. So, just holding your bitcoins tight is the only thing, I like to suggest everyone who are all into long term holders.

Yes and it will not be realized profits or lost until you sell your bitcoin. So in that case, for holders, there are obviously no money gain or lost. And then we continue to buy at this bear market and accumulate.

Quote from: el kaka22 on September 07, 2022, 04:20:49 AM

I will not lose my money by holding my bitcoins because my entry prices were spreading out way back since 2013. So, not all the people here are panicking and over reacting to bear market. If you get time to analyse the potential and fundamental of bitcoin opportunity then definitely you must be looking for dips to buy more. This is definitely a right time to buy more and not for exiting.

True, those who have been hear or least in my case I joined crypto in 2017, I know what I'm going to do in the bear market. I would say that I panicked in 2018, but now I equipped myself with knowledge not to panic and be nervous in this bear market and not to listed to this kind of FUD.

el kaka22

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OP is simply trying spread FUD and nothing else. When bitcoin is into bear market, people will lose their networth and not their confidence nor any bitcoins hence over reacting to downfall conditions of market is always not recommended. So, just holding your bitcoins tight is the only thing, I like to suggest everyone who are all into long term holders.

I will not lose my money by holding my bitcoins because my entry prices were spreading out way back since 2013. So, not all the people here are panicking and over reacting to bear market. If you get time to analyse the potential and fundamental of bitcoin opportunity then definitely you must be looking for dips to buy more. This is definitely a right time to buy more and not for exiting.

dragonvslinux

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Quote from: HardFacts on September 05, 2022, 02:55:06 PM

Who is going to ride the next bitcoin crash down Huh

The Federal Reserve as vowed to tighten monetary conditions to bring down inflation. This includes bringing down FINANCIAL ASSETS.

I rode the wave down from $6K to $3.2K in 2018, as well again from around $8K to $4K, so yes I consider myself ready for another ride if it comes Cheesy

Quote from: HardFacts on September 05, 2022, 02:55:06 PM

The link between Bitcoin's price and Speculative Nasdaq stocks is undeniable. Once the selling starts again, it is going to cause more people to get out, and turn into a vicious doom loop.

It's undeniable, until it's no longer relevant. I'm also not convinced the stock market is going into another recession multi-year bear market like many doomsday predictions. Yes inflation means the economy isn't growing, nor are the companies in the S&P for company, but it also means fiat currencies are losing 10% value every year if not completely obvious, so long-term this remains bullish.

Quote from: HardFacts on September 05, 2022, 02:55:06 PM

IF I did own and love Bitcoin I would sell before the crash, and buy in at a much lower price so at the end of the day I had twice as many Bitcoin.

This is what you should of done around $40K to $50K, not around $20K, but each to their own. The reality is many people who think like this are attempting to "revenge trade" their mistakes or buying too high. Others have simply allocated approximately to the current drop in price, with the intent on averaging in lower if another capitulation occurs, which remains the sensible way to deal with a bear market.

Quote from: HardFacts on September 05, 2022, 02:55:06 PM

Personally, I think bitcoin is the best way in the world to loose money right now, and I would not hold any.

Thanks for the "Bitcoin is dead" sentiment, it's a useful indicator that the bottom is either already in, or very close, as per usual, and has been lacking recently.

HardFacts

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Quote from: Bitstar_coin on September 05, 2022, 03:02:06 PM

And you are trying so hard to make it sound like dooms day:

Crash = buy opportunity, perhaps you haven't noticed. This your another opportunity to buy btc at a cheap price so you can get over your negativity towards the tech and embrace positivity Grin

.
These are Hard Facts. Tongue

If buying assets that have crashed is your strategy, then you can buy a lot of these assets that have crashed Grin

Venezuelan Bolivars
Stocks of Enron
Stocks of Lehman Brothers
Stocks of Pets.com
Tulip Bulbs

The list of cheap, crashed assets you can buy is endless !!!!!

CryptoYar

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Quote from: HardFacts on September 05, 2022, 02:55:06 PM

Personally, I think bitcoin is the best way in the world to loose money right now, and I would not hold any.

It seems that you have bought bitcoin at high and now you are upset because of the price drop. Hodl man, patiently. The pain is temporary and it is not going to last forever and soon we'll see a good recovery in price.

hugeblack

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Attempting to shorting Bitcoin at this price is considered risky, as the chances of a return to levels of $11,000 are not considered good. And if it happens, returning again to a level higher than 19k will steal more time, and therefore I do not think that someone will wait, but will start to panic again that the price will drop again.

In general, any attempt to sell at these prices (if you are not forced) is not the right choice.

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Quote from: NotATether on September 05, 2022, 07:32:47 PM

It seems like all of the forum trolls are having a field day for gaslighting BTC instead of taking advantage of its 50-60% off price from the median price. Well, their loss. I already have twice the BTC I had before the bearish season.

They could very well be taking advantage of the low prices while having their field day on social media. I've many a time come across people give a different impression on social media than they practice in real life.
I actually have no issue with FUDs based on sensible arguments, but outright trolls are insufferable.

Quote from: Wapfika on September 06, 2022, 07:40:42 AM

Bitcoin is always affected whatever major currency is dumping. Converting to stablecoin is really a wise decision on this looming market crash.

If major fiats dumps, Bitcoin grows against them, as they are usually traded against each other.
Also, I wouldn't advice anyone to convert to a centralized asset class.

Pierre 2

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Quote from: Wapfika on September 06, 2022, 07:40:42 AM

Quote from: Pierre 2 on September 06, 2022, 05:15:28 AM

Tightening is definitely terrible thing for financial markets. But everyone including crypto investors were already ready for it. I personally sold my assets and converted into usd stable coins around crash area. I also never went with Euros because of Ukraine war. I believe usa is gonna be the least affected developed country in this crisis as they have huge oil and gas reserves. Tightening will end rather quickly for usd and Bitcoin will start its rally in a year or two at max.

I was surprised before that EURO value is decreasing while USD that recently reported about struggling on inflation is now getting stronger on pumping its value. I'm not well updated on what's happening on European country in regards with war but surely Russian is doing a great job on maintaining there own currency level value to stable while the rest of the country near them is crumbling.

Bitcoin is always affected whatever major currency is dumping. Converting to stablecoin is really a wise decision on this looming market crash.

It (Euro crash/crisis) was mainly because Eurozone countries all had agreements with Russia about gas and their many industries were tied to cheap Russian gas. After war started and Europeans started applying embargoes to Russia, their politicians wanted to cut gas demand. Russia also (sort of) wanted not to supply countries who embargoed them. So USA > Euro era started.
I feel like its not favorable for Bitcoin for now, but in future usa will be key to fix both Bitcoin and European markets.

Wapfika

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Quote from: Pierre 2 on September 06, 2022, 05:15:28 AM

Tightening is definitely terrible thing for financial markets. But everyone including crypto investors were already ready for it. I personally sold my assets and converted into usd stable coins around crash area. I also never went with Euros because of Ukraine war. I believe usa is gonna be the least affected developed country in this crisis as they have huge oil and gas reserves. Tightening will end rather quickly for usd and Bitcoin will start its rally in a year or two at max.

I was surprised before that EURO value is decreasing while USD that recently reported about struggling on inflation is now getting stronger on pumping its value. I'm not well updated on what's happening on European country in regards with war but surely Russian is doing a great job on maintaining there own currency level value to stable while the rest of the country near them is crumbling.

Bitcoin is always affected whatever major currency is dumping. Converting to stablecoin is really a wise decision on this looming market crash.

Pierre 2

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Tightening is definitely terrible thing for financial markets. But everyone including crypto investors were already ready for it. I personally sold my assets and converted into usd stable coins around crash area. I also never went with Euros because of Ukraine war. I believe usa is gonna be the least affected developed country in this crisis as they have huge oil and gas reserves. Tightening will end rather quickly for usd and Bitcoin will start its rally in a year or two at max.

Poker Player

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Quote from: HardFacts on September 05, 2022, 02:55:06 PM

IF I did own and love Bitcoin ...

This shows your post is just wishful thinking.

Quote from: casinotester0001 on September 05, 2022, 08:13:22 PM

Why don't you short Bitcoin?

Because he lives in his mum's basement and after spending his weekly allowance on Doritos he doesn't have a penny left.

Going to the point, the macroeconomic situation still doesn't look good, but despite bad news of late it has shown that Bitcoin has pretty strong support at $20k. I don't expect it to go below those levels for a long time barring catastrophic events.

Topic: Is everyone ready for Bitcoin's NEXT LEG DOWN ??? Federal Reserve Tightening (Read 271 times)