STAGNATION OF BITCOIN PRICE FOR WEEKS

serjent05

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Quote from: EBMARYAM on May 24, 2023, 01:14:17 AM

Invest what you can afford to lose, it's good to hodl BTC if you can afford to lose what you intend to invest or what you invested 🌝

I do not think that someone will lose something if they hodl BTC. As long as a person don't sell his holdings he will never lose something because BTC = BTC. Holding and selling when the price appreciates simply means a person who is selling got profit. It is wise advice to say invest what you can afford to lose but I think in Bitcoin it is fit to say to hodl if you can't afford to lose your profit in your Bitcoin investment. Grin

pawel7777

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Quote from: thecodebear on May 24, 2023, 07:29:38 AM

I think a combo of US debt ceiling being resolved and if at the Fed in 3 weeks there is a pause on interest rate hikes then these could send Bitcoin back up to $30k. Right now investors are just too scared.

There are voices out there saying that raising the debt ceiling could have a negative effect on the crypto market. Treasury will now have to raise funds by auctioning large amounts of T-bills, which potentially could suck out a portion of liquidity off the crypto market, which is already pretty low compared to previous years, which could cause a correction.

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Quote from: Franctoshi on June 02, 2023, 10:00:36 AM

Quote from: traderethereum on May 29, 2023, 01:44:28 AM

Quote from: serjent05 on May 28, 2023, 05:18:57 PM

Not all sideway is the perfect chance to buy bitcoin. There some instances where a sharp drop followed a sideway move of the bitcoin market. It is when the market is coming from recording the ATH and the bull market is transitioning to a bear market. But I agree that at the current condition of the market, it is a good time to buy Bitcoin now before the market is fully transitioned to bullish and start surging.

That's true because, usually, sideways can only happen briefly and trap us into buying at the current price.
But if they want to buy the sideways, we can only suggest buying with a small amount of money to check the market situation and from there, we can see what will happen in the next hour.
Usually, after an hour, there will be movement, either up or down so we can decide to buy again or keep holding it.
And right now, they should just hold on to their bitcoins because the price has gone up a lot higher than yesterday but if they still want to check the situation, they can buy more because the situation is still unpredictable.

The recent side ways movement is usually caused by indecision in the market, or when the market is hugely surrounded with uncertainties and sometimes could be as a result of no high impact news which helps in the movement of the market, for instance Fed has not come out with another rate hykes or rate cuts in the past few weeks, because investors and traders take their investment and trading decisions base on the datas that comes out of Fed, while some are sitting on the sideline waiting for the price to break out of the ranging market.

Sideways is really a normal market condition on which its true that there's really an uncertainty or having still no decision in between buyers sellers and of course it would really be having that kind of
sideways movement which it would really be having no sure on making up a position whether you would really be buying or selling. This is on the time i would really be waiting up for some
fundamentals which it would really be dictating out whether the market would go positive or negative basing up on the events or news. This is why decisions would really be varying depending on the analysis you do have and of course the risks taking you would really be having into. Its hard and this what makes whether you do buy or sell according on what you had seen or analyzed.
Its never been simply on taking steps or actions on a market on which it is really that truly that unpredictable.

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Quote from: BenCodie on June 02, 2023, 09:24:11 AM

Stagnation in bitcoin price is better than stagflation of fiat money...which is rampant all over the world. High inflation and low economic activity is destroying money, and Bitcoin is the only way to retain and store value against its demise. Debt ceiling will probably be raised (I thought it was already with 2 year limit?) and in 2 years, may be the countdown until Bitcoin take-off. Expect a lot of "monetary policy" and "quantitative easing" that will devalue USD and other fiat currency in the meantime.

The only safe place for us to save our money in Bitcoin which is the number one safest cryptocurrency in the market. People orefer6to buy Bitcoin than accumulating some altcoins that are in the market having no long term value. We are seeing the way interest rate keep increasing and there is no tangible source of income for people to feel relax and build there dreams. Inflation keep increasing everyday making the price of foods and other services to increase without a proper plab to find this. The only place we can find refuge is in Bitcoin wjer the government would not come and get access to our crypto holdings.

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Quote from: EBMARYAM on May 24, 2023, 01:14:17 AM

Bitcoin's price holds steady near $27,000 as investors consider debt ceiling developments. CoinDesk's former head of research writes that with much government efforts in such large, emerging countries as PAKISTAN and NIGERIA to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.
The most valuable cryptocurrency in terms of market value (BTC) was currently trading at around $26,866, up 0.4%. According to CoinDesk data, BTC has been trading between $26,500 and $27,500 for nearly two weeks due to macroeconomic uncertainty. Crypto traders are uncertain as to how Bitcoin will behave over the next few days, weeks or even months.
The probability of default is quite low, but if it does, it might feel like a blow to risk appetite, sending cryptos sharply lower.
Bitcoin is content to trade towards the bottom of its previous trading range of $26,500 to $30,000.
Currently it's trading at $26,784.00.
Invest what you can afford to lose, it's good to hodl BTC if you can afford to lose what you intend to invest or what you invested 🌝

this is reasonable considering that until now global market conditions are still unstable and most of the government's decisions are not in favor of the bitcoin price movement, that is what has hampered the bitcoin price. right now there is no need to get your hopes up too high that the price of bitcoin will increase significantly, because we are not there yet.

bitcoin price could increase before the halving, chances are that it will increase significantly it will last a few months later, so if possible you can set up your current position to continue to hold and increase the value of your investment before the halving occurs.

Franctoshi

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Quote from: traderethereum on May 29, 2023, 01:44:28 AM

Quote from: serjent05 on May 28, 2023, 05:18:57 PM

Not all sideway is the perfect chance to buy bitcoin. There some instances where a sharp drop followed a sideway move of the bitcoin market. It is when the market is coming from recording the ATH and the bull market is transitioning to a bear market. But I agree that at the current condition of the market, it is a good time to buy Bitcoin now before the market is fully transitioned to bullish and start surging.

That's true because, usually, sideways can only happen briefly and trap us into buying at the current price.
But if they want to buy the sideways, we can only suggest buying with a small amount of money to check the market situation and from there, we can see what will happen in the next hour.
Usually, after an hour, there will be movement, either up or down so we can decide to buy again or keep holding it.
And right now, they should just hold on to their bitcoins because the price has gone up a lot higher than yesterday but if they still want to check the situation, they can buy more because the situation is still unpredictable.

The recent side ways movement is usually caused by indecision in the market, or when the market is hugely surrounded with uncertainties and sometimes could be as a result of no high impact news which helps in the movement of the market, for instance Fed has not come out with another rate hykes or rate cuts in the past few weeks, because investors and traders take their investment and trading decisions base on the datas that comes out of Fed, while some are sitting on the sideline waiting for the price to break out of the ranging market.

BenCodie

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Stagnation in bitcoin price is better than stagflation of fiat money...which is rampant all over the world. High inflation and low economic activity is destroying money, and Bitcoin is the only way to retain and store value against its demise. Debt ceiling will probably be raised (I thought it was already with 2 year limit?) and in 2 years, may be the countdown until Bitcoin take-off. Expect a lot of "monetary policy" and "quantitative easing" that will devalue USD and other fiat currency in the meantime.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: riantolie on May 29, 2023, 02:09:13 AM

Right now is a pretty good price to buy still, I agree. But I'm so glad that I managed to buy BTC for below $20,000 at the beginning of this year. After that, it feels kinda expensive to buy it at $25-28K.

16k was the lowest touched this year and that was in first few weeks of January and you would be pretty lucky to have caught bitcoin at that level. Of course much higher prices are possible as the year progresses and hence I am holding during the stagnation period. It is important not be come impatient and sell at the price right away. Though if someone feels anxious about losing the opportunity to sell they should sell only a fraction of what they bought. Next bill run is not easy to predict - upcoming news and have an effect on that. But holders will always profit from the long run.

Patience is the key here. You have to be the one with the iron hands to keep holding but very swift to sell once all time highs reach.

riantolie

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Right now is a pretty good price to buy still, I agree. But I'm so glad that I managed to buy BTC for below $20,000 at the beginning of this year. After that, it feels kinda expensive to buy it at $25-28K.

traderethereum

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Quote from: serjent05 on May 28, 2023, 05:18:57 PM

Not all sideway is the perfect chance to buy bitcoin. There some instances where a sharp drop followed a sideway move of the bitcoin market. It is when the market is coming from recording the ATH and the bull market is transitioning to a bear market. But I agree that at the current condition of the market, it is a good time to buy Bitcoin now before the market is fully transitioned to bullish and start surging.

That's true because, usually, sideways can only happen briefly and trap us into buying at the current price.
But if they want to buy the sideways, we can only suggest buying with a small amount of money to check the market situation and from there, we can see what will happen in the next hour.
Usually, after an hour, there will be movement, either up or down so we can decide to buy again or keep holding it.
And right now, they should just hold on to their bitcoins because the price has gone up a lot higher than yesterday but if they still want to check the situation, they can buy more because the situation is still unpredictable.

pooya87

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This is not just stagnation of bitcoin price, it is the stagnation of global economy and more specifically the inflation+recession going on in US and EU. It is also unrelated to the US debt ceiling shenanigans since this "stagnation" has been going on ever since March and generally speaking we had the drop and prevention of the rise for the past year considering how the world economy fell apart in the same time!

serjent05

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Quote from: Silberman on May 28, 2023, 02:48:03 PM

Quote from: Captain Corporate on May 27, 2023, 04:30:49 PM

I feel like this is actually a good thing, why? Because when the price is stable that means you have a lot of time to buy it before it goes up. Its not going to stay like this forever, we all know that it will eventually go up, even if it goes down first that still doesn't change the fact that it will go higher than this one day. If you ever doubt that bitcoin price will ever go up, then get out, get out and sell all your coins and do not buy any. However, if you know more about bitcoin and know that it will be higher than this, then you are aware that it is going to be as good as it gets and we are all going to profit from this as much as we possibly could. Thats the most important thing and should be the main point of this stagnation, just buying as much as we possibly could.

Exactly, this is the perfect moment to buy as the price is relatively stable compared to what we can see during a bull run or a bear market, and if we think about it a price of 27k is a very good entry price, since I think that at minimum bitcoin is going to reach a price of 100k during the next bull run so we are talking about profits which are close to 300% in just a matter of 18 months, a performance that very few assets are going to be capable of giving in such a short amount of time.

Not all sideway is the perfect chance to buy bitcoin. There some instances where a sharp drop followed a sideway move of the bitcoin market. It is when the market is coming from recording the ATH and the bull market is transitioning to a bear market. But I agree that at the current condition of the market, it is a good time to buy Bitcoin now before the market is fully transitioned to bullish and start surging.

Silberman

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Quote from: Captain Corporate on May 27, 2023, 04:30:49 PM

I feel like this is actually a good thing, why? Because when the price is stable that means you have a lot of time to buy it before it goes up. Its not going to stay like this forever, we all know that it will eventually go up, even if it goes down first that still doesn't change the fact that it will go higher than this one day. If you ever doubt that bitcoin price will ever go up, then get out, get out and sell all your coins and do not buy any. However, if you know more about bitcoin and know that it will be higher than this, then you are aware that it is going to be as good as it gets and we are all going to profit from this as much as we possibly could. Thats the most important thing and should be the main point of this stagnation, just buying as much as we possibly could.

Exactly, this is the perfect moment to buy as the price is relatively stable compared to what we can see during a bull run or a bear market, and if we think about it a price of 27k is a very good entry price, since I think that at minimum bitcoin is going to reach a price of 100k during the next bull run so we are talking about profits which are close to 300% in just a matter of 18 months, a performance that very few assets are going to be capable of giving in such a short amount of time.

AnonBitCoiner

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Bitcoin price is still 27k$ today and I think that this year the prediction of its price is somewhat difficult but we have hope that next year will be a happy life for all bitcoin holders. At the price of 27k$ making investment will be full of advantages as everyone knows well that Bull run is coming soon.

It's important to choose bitcoin before it goes up in coming years so therefore you will easily get profit but I think that if someone has even little profit then remove that profit while other portion being invested should remain there for further success in future.

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Quote from: The Cryptovator on May 27, 2023, 04:29:23 PM

There have been concerns and allegations circulating about Binance, suggesting that they may have commingled investors' funds with their own revenue. Some argue that this has led to the recent market collapse. However, despite the fear, we haven't witnessed a significant sell-off. It appears that Bitcoin is experiencing its typical fluctuations and is relatively stable at the moment. Nevertheless, it's crucial to approach investments with caution. If we cannot weather the downturns in the market, it becomes challenging to generate profits.

I've always known that in any trading there will always be fluctuations, it's charts moving up and down to favor some while disfavoring others. Something must be the cause, whether internal or external, so if bitcoin is experiencing fluctuations, it is to be expected, it depends on the trader to asses situation and make favorable decisions. So I agree with you that it is important to approach investment with caution, in order to minimize or totally avoid loses.

Captain Corporate

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I feel like this is actually a good thing, why? Because when the price is stable that means you have a lot of time to buy it before it goes up. Its not going to stay like this forever, we all know that it will eventually go up, even if it goes down first that still doesn't change the fact that it will go higher than this one day. If you ever doubt that bitcoin price will ever go up, then get out, get out and sell all your coins and do not buy any. However, if you know more about bitcoin and know that it will be higher than this, then you are aware that it is going to be as good as it gets and we are all going to profit from this as much as we possibly could. Thats the most important thing and should be the main point of this stagnation, just buying as much as we possibly could.

The Cryptovator

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There have been concerns and allegations circulating about Binance, suggesting that they may have commingled investors' funds with their own revenue. Some argue that this has led to the recent market collapse. However, despite the fear, we haven't witnessed a significant sell-off. It appears that Bitcoin is experiencing its typical fluctuations and is relatively stable at the moment. Nevertheless, it's crucial to approach investments with caution. If we cannot weather the downturns in the market, it becomes challenging to generate profits.

serjent05

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Quote from: EBMARYAM on May 24, 2023, 01:14:17 AM

Bitcoin's price holds steady near $27,000 as investors consider debt ceiling developments. CoinDesk's former head of research writes that with much government efforts in such large, emerging countries as PAKISTAN and NIGERIA to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.
The most valuable cryptocurrency in terms of market value (BTC) was currently trading at around $26,866, up 0.4%. According to CoinDesk data, BTC has been trading between $26,500 and $27,500 for nearly two weeks due to macroeconomic uncertainty. Crypto traders are uncertain as to how Bitcoin will behave over the next few days, weeks or even months.
The probability of default is quite low, but if it does, it might feel like a blow to risk appetite, sending cryptos sharply lower.
Bitcoin is content to trade towards the bottom of its previous trading range of $26,500 to $30,000.
Currently it's trading at $26,784.00.
Invest what you can afford to lose, it's good to hodl BTC if you can afford to lose what you intend to invest or what you invested 🌝

The sideways action of the Bitcoin market simply shows that the transition of the bear market to the bull market is about to happen. I do not think much about your given news since I don't think they have much impact on the Bitcoin market. I feel like the article is just patching events and forcefully relating them to the Bitcoin market movement.

Quote from: TimeTeller on May 27, 2023, 04:01:17 PM

Quote from: DiMarxist on May 27, 2023, 03:21:28 PM

The crypto-currency market still follows the demand and supply curves just like most commodities, that's the major factor, there are other uses of bitcoins that still stand out and provide massive benefits.the chance of successful money saving via crypto in case of inflation is one of the most interesting riddles in the world of cryptocurrencies. This is why we need knowledge and understanding, knowledge and understanding is the first thing that you should really know about cryptocurrency before falling into crypto investment or Bitcoin investments.

Most newcomers are in a hurry to buy some for the hope of getting rich quick.
This is why they don't understand the market behavior of btc. They thought it is quite easy to make profits.
Later on, they will realize, there's more than meets the eyes in this market.

For an old timer like the many members of the forum who knows the pattern of the Bitcoin market, I think it wouldn't be hard for them to profit in their Bitcoin investment. Since the Bitcoin market is cyclical, many members here base their trading strategy on pattern of the price cycle of BTC.

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Quote from: DiMarxist on May 27, 2023, 03:21:28 PM

The crypto-currency market still follows the demand and supply curves just like most commodities, that's the major factor, there are other uses of bitcoins that still stand out and provide massive benefits.the chance of successful money saving via crypto in case of inflation is one of the most interesting riddles in the world of cryptocurrencies. This is why we need knowledge and understanding, knowledge and understanding is the first thing that you should really know about cryptocurrency before falling into crypto investment or Bitcoin investments.

Most newcomers are in a hurry to buy some for the hope of getting rich quick.
This is why they don't understand the market behavior of btc. They thought it is quite easy to make profits.
Later on, they will realize, there's more than meets the eyes in this market. And that's when they will start analyzing the market.
So for those who already got the idea, they can slowly buy some using their spare money. There's no rush if you are trying to get a good grasp of this type of investment.

DiMarxist

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The crypto-currency market still follows the demand and supply curves just like most commodities, that's the major factor, there are other uses of bitcoins that still stand out and provide massive benefits.the chance of successful money saving via crypto in case of inflation is one of the most interesting riddles in the world of cryptocurrencies. This is why we need knowledge and understanding, knowledge and understanding is the first thing that you should really know about cryptocurrency before falling into crypto investment or Bitcoin investments.

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