It's a good time for bitcoin - page 2.

peter0425

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Quote from: ?? on ??

Quote from: ConnerDalfino on June 22, 2021, 04:10:56 AM

Each day brings companies and institutions that are considering buying one step closer to a very good price.

Not only this some countries wants also to take part in accumulating bitcoin like in El Salvador which are building mining rigs to mine bitcoins maybe because they speculate on what is the future of bitcoin when 90% of the world population decide to use digital currency I can see this China dramas are only manipulated and maybe because they are also buying huge amount of btc secretly well we dont know.

and they are building Mining rigs using power from Volcanos

and this is what the president says.

Quote

In June 2021, El Salvador became the first nation in the world to make bitcoin legal tender. Soon after, President Nayib Bukele instructed a state-owned power company to provide bitcoin mining facilities with cheap, clean energy — harnessed from the country's volcanoes.13 Jun 2021

That will save consuming energy for people but they will create their own energy to mine Bitcoin and maybe other crypto as well.

adaseb

legendary

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Lately the Price action is horrible. Its best to stay away from these markets. At least until the Fall. I can see BTC going back to the $40K range to again be shot down and head back into the mid range or low range and maybe attempt to break $30K again.

Its summer and people are travelling and most markets are choppy, including stock markets. There is less volume and moves are smaller than average and its very easy to get caught up in this chop.

My advice is wait until either $41K breaks upwards or $30K breaks downwards and trade then.

Reatim

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Quote from: jossiel on June 22, 2021, 06:36:59 AM

Every opportunity for us we see for bitcoin is always good.

As the number of people who don't want to spend their bitcoins are increasing and that's a fact. Despite the market is negative these days.

That won't stop us from holding because we're looking forward to the greater that it will surpass the last ATH just this year.

Indeed as the price had kissed only 20k level but grows high again as soon as it fell down to that level.

we now see how strong Bitcoin believers is and how the true investors keeps their funds not like in the past when weak hands are keep the market falling and dropping.

now we can see that week are only fewer and fewer and strong hands are remaining believing bitcoin.

maydna

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Quote from: wahyu wida on June 23, 2021, 09:00:59 AM

Quote from: Lubang Bawah on June 23, 2021, 05:24:39 AM

Quote from: ConnerDalfino on June 22, 2021, 04:10:56 AM

As each day passes without the 30K being broken, the sellers grow increasingly frustrated.

Holdings of HODLers increase with every passing day.

As time passes, the consolidation becomes longer.

Diamond-handed retailers earn money every day in order to buy more bitcoin.

Each day brings companies and institutions that are considering buying one step closer to a very good price.

Our footsteps are being followed by more and more countries every day.

Bitcoin is becoming more popular every day.

Death will be imminent if the bears are unable to deal a deadly blow.

I'm sure the bears will wake up soon, maybe they enjoy a little honey that has been obtained, but rest assured they will not leave bitcoin because this is their money, theirr life, because with bitcoin they can make 100x wealth a year.

I think investors are getting ready to even start investing with some of their capital. now is a good time to invest. and if the price goes back down, I think a lot of whales will be happy, because they get a chance to get a lot of money back. this happens over and over again like a spinning wheel

The whales already start investing when the price down below $40k, and they are still buying more bitcoin, especially when bitcoin got a dump to $28k yesterday. Perhaps they are now waiting for the next increase in bitcoin and selling some bitcoin they already bought to profit. If the price does not increase more than $40k and stays at the current price, they will prepare to buy more bitcoin because it is a good price to buy bitcoin. If we don't do what they did, we will not make a big profit and only make a small profit by waiting. But that still a profit for us.

Dread Pirate Roberts

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Quote from: ConnerDalfino on June 22, 2021, 04:10:56 AM

As each day passes without the 30K being broken, the sellers grow increasingly frustrated.
Bitcoin is becoming more popular every day.

Right now I think it's a critical moment in bitcoin, there's been a lot of bad news lately about crypto and bitcoin, but for those who already believe in bitcoin, I don't think this is a problem anymore because bitcoin is should be independent and not depend any counry regulation or anything.

wahyu wida

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Quote from: Lubang Bawah on June 23, 2021, 05:24:39 AM

Quote from: ConnerDalfino on June 22, 2021, 04:10:56 AM

As each day passes without the 30K being broken, the sellers grow increasingly frustrated.

Holdings of HODLers increase with every passing day.

As time passes, the consolidation becomes longer.

Diamond-handed retailers earn money every day in order to buy more bitcoin.

Each day brings companies and institutions that are considering buying one step closer to a very good price.

Our footsteps are being followed by more and more countries every day.

Bitcoin is becoming more popular every day.

Death will be imminent if the bears are unable to deal a deadly blow.

I'm sure the bears will wake up soon, maybe they enjoy a little honey that has been obtained, but rest assured they will not leave bitcoin because this is their money, theirr life, because with bitcoin they can make 100x wealth a year.

I think investors are getting ready to even start investing with some of their capital. now is a good time to invest. and if the price goes back down, I think a lot of whales will be happy, because they get a chance to get a lot of money back. this happens over and over again like a spinning wheel

KeychainX PRO

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If we think long-term about bitcoin, then it's a good time to buy BTC right now. In my opinion, it's a good idea to systematically buy bitcoin to average its price, especially if you come from the long term perspective.

Lubang Bawah

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Quote from: ConnerDalfino on June 22, 2021, 04:10:56 AM

As each day passes without the 30K being broken, the sellers grow increasingly frustrated.

Holdings of HODLers increase with every passing day.

As time passes, the consolidation becomes longer.

Diamond-handed retailers earn money every day in order to buy more bitcoin.

Each day brings companies and institutions that are considering buying one step closer to a very good price.

Our footsteps are being followed by more and more countries every day.

Bitcoin is becoming more popular every day.

Death will be imminent if the bears are unable to deal a deadly blow.

I'm sure the bears will wake up soon, maybe they enjoy a little honey that has been obtained, but rest assured they will not leave bitcoin because this is their money, theirr life, because with bitcoin they can make 100x wealth a year.

jossiel

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Quote from: herurist on June 22, 2021, 08:51:41 AM

Quote from: jossiel on June 22, 2021, 06:36:59 AM

Every opportunity for us we see for bitcoin is always good.

As the number of people who don't want to spend their bitcoins are increasing and that's a fact. Despite the market is negative these days.

That won't stop us from holding because we're looking forward to the greater that it will surpass the last ATH just this year.

always note that the holder is well aware of the consequences. they prefer to buy when the current price is quite a big discount. this is indeed an opportunity for those who want to own large amounts of Bitcoin. at least the price will likely recover in the near future.

Yes.

Like yesterday, the price was too discounted and there were a lot of us that have bought on that buying opportunity.

But there will always be those doubtful that think there will be a better price whenever a dip comes because they think there will be another one to come.

2double0

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Quote from: GeorgeJohn on June 22, 2021, 04:53:38 PM

People are busy holding their bitcoin and it's really affecting the price of bitcoin and it's rightful time to purchase any form of cryptocurrency more especially bitcoin in particular, because it's good to purchase cryptocurrency when the price is down or low because it will definitely rise when the opportunity comes, so through the increment they will be surplus or maximum of profit from the investor, so in null share cryptocurrency are good to buy when the market is been turn to red via cryptocurrency chart.

Don't take these sells lightly, looks like bears are taking over and if this case turns out like 2017-18, then we must be prepared for very large and ongoing sells which may take the price down like a fallen rock. I am more scared right now than excited, and I bet many traders are getting the same feeling. I wish we see btc making a new ath again this year.

GeorgeJohn

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People are busy holding their bitcoin and it's really affecting the price of bitcoin and it's rightful time to purchase any form of cryptocurrency more especially bitcoin in particular, because it's good to purchase cryptocurrency when the price is down or low because it will definitely rise when the opportunity comes, so through the increment they will be surplus or maximum of profit from the investor, so in null share cryptocurrency are good to buy when the market is been turn to red via cryptocurrency chart.

2double0

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It looks like you are blindly invested in btc. It is not only to shake out buyers but if there are no buyers because of no confidence, there will be no firms taking risks on the basis of what? This one person's voice and orders? It can happen, but only if he's our supplier. Shocked

pixie85

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Quote from: sheenshane on June 22, 2021, 11:12:00 AM

It's now $32k plus while posting this I didn't even witness the $28k drop price. Cheesy

If you've bought while at the price of $28k it might you've already your profit now. Bitcoin was in a V-shape formation and the fast recovery was about an hour ago seems like when Bitcoin dropped.

Sad to say that most of everyone here predicted below $25k below within this month, whereas I don't believe that it won't happen. Even though the announcement of China was really shaken the price of Bitcoin but as we saw now there's a fast recovery which we think that the whales were successfully manipulated the price. But if you are long-term holders, there's nothing to worry about.

I also did not even watch it happen. I don't care that much about short-term volatility. I sometimes check the price in the evening, before going to bed, but that's not every day and I try not to watch if I'm not planning to sell.

People predicted even 20 thousand because it's possible that we'll go back to touch the previous ATH but because so many people wait for it to happen it's probably not going to happen. Too many buyers would want to buy at 20 so maybe 22 thousand as the lowest possible price of this correction before we at least try to go back to the top?

It's strange that we did not go back to retest 100 day MA yet that is at 50 thousand USD. In the last bull market of 2018 we did confirm the bear market by bouncing back down from it. Maybe this correction s not natural but driven by news?

We should at least go back to 50 thousand before we fall lower.

isaac_clarke22

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Quote from: Upgrade00 on June 22, 2021, 08:53:13 AM

~

It is nothing new now. Even if it even goes below 20k, I wouldn't mind.
Bitcoin had its lowest back then when it hit from 6k to 3k. It was around 2019 if I can recall from my bought coins in every year.
This should encourage the many non-crypto hodlers or those who are easily being driven by news to buy more.

skarais

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Quote from: LogitechMouse on June 22, 2021, 10:13:56 AM

Its very easy to say that anytime is a good time to buy Bitcoin but TBH, its very hard to do especially when we are in a market where its very volatile and significant amount of drops might happen like the one we are seeing right now.

We know that bitcoin is a potentially great asset in the future whose price fluctuate all the time, but why should we hesitate when there is a good opportunity to buy it at a discount? But yes, It's never easy.

For most traders it may be very difficult to determine when they should buy when bitcoin but this is the uniqueness of bitcoin trading where people are constantly looking for gap and the right time to buy. If not during the correction, when will we buy bitcoin at a lower price? So far the correction is the right momentum to buy bitcoin because the price will soon recover after experiencing a sharp decline. If people are looking for the best time to buy bitcoin then rest assured it was 10 years ago but now is the perfect time to get it.

Shenzou

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I think that over the past dew months with major news about bitcoin overall like many companies adopting it and all the talk about making it a valid payment method in some place, puts it out there more and more so that normal people see what they have been missing and with each passing day with the price being somewhat stable gives them the opportunity for any one who wants to invest in it to do so at a lower price, and for us who believe in it to get more of it.

jasonjm

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It is very good time for the investors as the price is down and they can accumulate more and more bitcoin and other alts. For day traders and retail investors this is not a good time as the prices are half way down and the correction seems extended and could take few months to a year. But in long run it will be a win win situation for every one.

The Cryptovator

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It's not an easy task to determine either it's a good time for Bitcoin or a bad time. Bitcoin dropped $3K from $19K in a previous bull run in 2017. So it's not impossible to drop more. That's the reason why it's very hard to say. As we can see institutional investors accumulating more Bitcoin in every dip. Although we can't compare ourselves with institutional investors, but it would be a reason why the current time is good for Bitcoin. No one imagined Bitcoin will break $60K within this short time. And it's not hard as well to break ATH again. But for me, it's a good time to accumulate more. It's because we don't know what would be the exact dip from where Bitcoin will bounce back. It's time to take a rank that you can afford.

taufik123

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Quote from: Alanaz on June 22, 2021, 12:04:18 PM

yes bitcoin is currently looking for hot talk these days because apart from fud, many people are frustrated because of bitcoin and now is a good time to buy this coin. this is like a double discount because at the current price, of course, bitcoin is being hunted a lot, especially for every investor and person who intends to hold the coin for a long time.
Don't worry too much for people who have bought at a high price because everything will be fine

Everything will be fine, but not with a beginner's mentality. The market continues to be bearish and the $30k support has broken, this will be very worrying. there is still no sign of bullishness, but I also believe that bulls will occur after the current market crash. FUD is indeed widely scattered, especially from China which has a lot of influence on the market as it is today.

Alanaz

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yes bitcoin is currently looking for hot talk these days because apart from fud, many people are frustrated because of bitcoin and now is a good time to buy this coin. this is like a double discount because at the current price, of course, bitcoin is being hunted a lot, especially for every investor and person who intends to hold the coin for a long time.
Don't worry too much for people who have bought at a high price because everything will be fine

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