Topic: Some important things about Bitcoin. (Read 171 times)

It is basically just a way of explaining what has happened so far and then confirming what happened with the charts, that doesn't really look like something that everyone should be interested in. I mean sure it is not a price prediction aside from the last sentence, it says that 100k will happen in 2022 and that is a prediction and I agree with that prediction.

We can't go down forever, and we have already tried to go down even harder and it did not happen which is why I believe that we already had all the possible bad outcomes we could, whereas we are talking about only direction left after the down is over, which is up. If we managed to hit 68k from 30k, then from 45-50k could become 100k very easily. The only thing is, after 90k+ I believe that there will be a psychological barrier where people will keep on selling more and more and it will be very hard to break over 100k and stay there, I mean we could break over, but it will be very difficult to be above 100k for a full month.

OP,you are drawing conclusions from a bunch of lines,which are drawn on a bunch on charts.
I hate when technical analysis is done without fundamental analysis.
Do you know what caused the price crash in May?Do you know what pumped the price in October?
The BTC market isn't pumping and crashing by itself.There are factors,which are moving the market in a certain direction and you can't find those factors on the charts.The charts only show us the result of these factors influencing the BTC price.
We don't need your "analysis" in order to know that the Bitcoin price will rise and fall.We also don't need your "analysis" in order to know that Bitcoin will hit 100K USD some day.
Just learn more about technical and fundamental analysis,before posting on the forum.

Frankly, I did not find anything new in this topic, it seems from your words that you came up with new information about the price of Bitcoin in a way that no one has done before, but I see that this information is very normal and any trader who follows the market knows it, there are no new or deep analyzes of Bitcoin prices Over the years, all you've done is tell us things we already know.


Is this a new theory about the market??!!! Even beginners in trading know these obvious things!! You didn't come up with anything new!!!

Yes, but most of the time, TA help out in pointing the direction but then again, it is not an exact science so it's still a hit or miss for the majority of the traders.

For $100k, maybe next year we can still achieved it if we have a similar bull run or super fast rally. But eventually, a bear market is going to reappear, thus repeating the cycle.

This condition of bitcoin price is not understanding, the price is just moving like something that doe not have a direction but right now is recovering in market because as at of yesterday it was 44k or 45k

And we might call it history repeating itself, it's just how much is the next all time high or how deep is the price going to be before we can bounce back. So right now we are still in the middle of it, around $47k from the last all time high of almost $70k.

So as far as $100k, yeah, this might not be achieved and it might be difficult in 2022 as well as we might be entering a long and bear market, just saying.

You literally just converted the chart into words and said the most obvious thing one could say with regards to the crypto market.
That's quite natural, Crypto general is a VERY volatile market, ups and downs are the norms. As you said, it is normal, but not easy (probably easy to understand, but easy to take advantage of? That depends on your skill). Still title seems to be wrong, it's more like Bitcoin market charts turned into words, would probably be a better fit.

When the bitcoin price can hit $68k as the highest price, it will have more fluctuation than we can expect as there will be an up and down for the price that will happen many times. I still consider it normal to see the situation because bitcoin had that movement from a long time ago and will be like that following the price. You can imagine when this scenario happens when the bitcoin price is more than $250k in the future, how deep the price will go down and how high the price will go up?

You need to prepare yourselves because it will happen many times and not stop at this year as this year, bitcoin price still not stay at $100k range so there will be a possibility for bitcoin to have up and down drastically in the future.

If you feel bitcoin was trading in weak position then you need to check its year wise low price levels rather than looking at peak price levels. ATHes are driven by FOMO which must be one of the manipulated way hence price will come down from peak to "actual value" and then will claim up slowly. So, I am not seeing any wrong when people talk about bitcoin and its importance on securing our future. I too feel like bitcoin got real potential and it was proven in last ten to eleven years.

This normal and easy is not NEW just with bitcoin market. Every asset market will trade like this. But, unfortunately bitcoin must be the first asset with definite supply (gold got assumed limited supply) hence we might be facing a typical high fluctuations than others.

I still think Bitcoin can go up also however I don’t think it will reach $100K that easily. I also think in the current range it will stay for a month or two. Basically how it stayed in the $30-40K range back in the Summer.

This ranging is important. Those that bought Bitcoin for the quick money will most likely get impatient and sell and the smart money will absorb those sales. If you look at the $30-40k range we had in the past, the funding was negative because many retail traders were bearish and expecting $20K and it reversed when they least expected it to.

So you are saying that market is going up and down. Damn that's super groundbreaking discovery. Who would have expected that?

And topic of this thread ... damn that's not only "Some important things about Bitcoin" that's "some important things for entire economy" or even entire universe. Because guess what... bitcoin cycles are not the only observed cycles. There are also market cycles, "15 year dollar cycle" and going even futher (maybe you will discover them too one day) - days and nights, seasons, menstrual cycles.

Same old. Just told history and the basics. Basics are important indeed but I guess many of us knew that already.
The market is volatile and if it sways up then Bitcoin goes up, same when it goes down. The big unknown is always the reason behind it.
What is happening in the shadows that is difficult to find? Even if there is no big news or event that flows in the internet Bitcoin still goes bullish or bearish.
Volatility at its highest rate. It will give me the chills if someone could explain that using facts.

You have not discovered anything new that most have not realized for a long time, and that is that at least so far Bitcoin has had its cycles that had quite predictable patterns. After each halving, we had a strong rise in price, but there was also a price correction after that, nothing can go up forever, it is quite logical and normal. What is at the moment the question of all questions, are we out of the bull run, and will the crypto winter of 2018 will be repeated and last until the new halving 2024?


If not this year, then next year - if not then 2023 or 2024 - and I’m pretty sure that will happen if something very unfavorable to Bitcoin doesn’t happen globally. Although I am optimistic, the system that Bitcoin is challenging is very powerful and dangerous and has been built for hundreds of years.

Of course that's what it is.. Market has 2 season that's what we called bullish and bearish, if it's bull trend then it means the market is fine but if its bear trend definitely not fine because market is crashing gradually. But still a normal situation because that's how it works buy low and sell high so people were selling at the top reason price is decreasing but when its dip people will buying as well reason there's a pump in the market..it's like a roller-coaster to make the story short.

From the topic title, I would not call price discussions; Important things about bitcoin, that would instead be topics on the actual network development and use in every day life.
Also, there is really no need to talk extensively on previous price movements, as it is publicly available information for everyone to see if they are interested in it.

That is what volatility actually is; rise and falls of the market depending on the market factors.

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Resizing your image helps to make your text readable.

Over the last few years, I have shared some things about the price of Bitcoin in the last period of 2017-2021, which no one has done.

I will say something about the structure. You can see in the picture above.

In 2018, the price of Bitcoin was around twenty thousand. From there he could no longer go up and down.

In July 2018, the price of Bitcoin dropped further below five thousand and in 2019 it was the same.

But since June 2019, the price of Bitcoin has hit five thousand and reached ten thousand dollars.

Where Bitcoin is an important coin in the marketplace, it could not come forward even in 2019-2020.
Then I saw many people talking about Bitcoin. Everybody's opinion was that one bitcoin is important coin but why is it too position weak?

When the world came to a standstill with the Corona virus (COVID-19) in 2020, the market was in a bad state.
Then in a few days the shape of the market changed. The beginning of a new emerging marketplace.
2021:
Bitcoin which rose to just 20,000 in 2018, saw a new phenomenon in 2021. Within a few months of 2021, sixty thousand dollars crossed.

But could not stay there long. Bitcoin crashed again in June-July. BTC price falls below 30,000.
In the blink of an eye, the price went down.
Once again, the marketplace has improved and Bitcoin has improved.
From my point of view, it seems that the market will rise and fall. If the condition of the market is good then the price of coin will increase. If the market is bad then the price of coin will decrease. This is easy and normal.

By the way at list we can say,
As much as the price of Bitcoin has fluctuated this year, the price of Bitcoin will reach 100,000 milestones in the coming year.