Starting to Think The Bottom May Be Close?

Fatunad

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Quote from: btc78 on January 18, 2023, 11:30:25 PM

Quote from: Woodie on January 13, 2023, 07:51:28 PM

With the current bullish momentum that the market is showing, looks more like people have missed the bottom which is not easy to catch... and btw if they aren't lucky won't see this price again anytime soon unless someone out there liquidates a chunk load of coins now to lower prices briefly before the upward trend resumes.

lucky that I am one of those who did not missed the bottom , had bought last start of December meaning I am at least almost 20% profiting now, looking for at least 30% and consider selling for a while because the Bull i was expecting comes early and there is another dump coming in several weeks or months.

and it is a surprise seeing more than 20k just this month alone considering that we are just starting?

Would be the main thing that would boggle up our mind is that we dont know if this would be the peak or would be the start of the bullish run or market situation of this market? This would really be the main thing that would really hinder you on going all in with your investment because its never been that something predictable. Bottom price? possible but we cant really be still sure since there are some fundamentals
which would really make out some hindrance that the market might be ending up on dumping if that time comes.For now we are eyeing about that Genesis bankruptcy
but it turns out that it hadnt some effect at all.

btc78

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Quote from: Woodie on January 13, 2023, 07:51:28 PM

With the current bullish momentum that the market is showing, looks more like people have missed the bottom which is not easy to catch... and btw if they aren't lucky won't see this price again anytime soon unless someone out there liquidates a chunk load of coins now to lower prices briefly before the upward trend resumes.

lucky that I am one of those who did not missed the bottom , had bought last start of December meaning I am at least almost 20% profiting now, looking for at least 30% and consider selling for a while because the Bull i was expecting comes early and there is another dump coming in several weeks or months.

and it is a surprise seeing more than 20k just this month alone considering that we are just starting?

buwaytress

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Quote from: AakZaki on January 15, 2023, 07:24:10 AM

Meanwhile or not it depends on how strong the FUD itself is, as in the case of FTX which gave rise to a lot of FUD about trust in a centralized exchange and this has been FUD for quite a while although it will gradually disappear. Those who expect low prices will certainly be happy when FUD comes, but continuous FUD will also affect the psychology of traders to continue to hold or sell immediately because the market is not good. Panic ensues when FUD affects those who want prices to continue rising.

Why do we need to worry about the FUD though? That's just one of the constants of a speculation market, along with hype, just in various degrees of domination over each other.

We do seem to be a happy lot when the buzz and moon hype come along, we should be able to accept the FUD that must naturally accompany -- after all, if we're all buyers/holders, who's selling to us?

AakZaki

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Quote from: indah rezqi on January 13, 2023, 03:57:18 PM

Yeah, that always happens in the market but I guess only temporarily.
I don't think FUD would be bad for anyone expecting bitcoin to be priced low, especially if they want to invest a lot. FUD is bad for price stability because usually the bad effect is panic among traders. But so far people have probably realized that FUD is just part of the market and won't last much longer. Even if people are freaking out a lot with big transactions to exchanges, it can also trigger panic.

Meanwhile or not it depends on how strong the FUD itself is, as in the case of FTX which gave rise to a lot of FUD about trust in a centralized exchange and this has been FUD for quite a while although it will gradually disappear. Those who expect low prices will certainly be happy when FUD comes, but continuous FUD will also affect the psychology of traders to continue to hold or sell immediately because the market is not good. Panic ensues when FUD affects those who want prices to continue rising.

traderethereum

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Quote from: fadhilz123 on January 15, 2023, 03:09:37 AM

Quote from: TitanGEL on January 15, 2023, 02:09:34 AM

The level that the price of the bitcoin should maintain is above $18,200, because it's where the major support resides. The price of the bitcoin is on urrently in retracement time, the price may support in around $20,000 but if the price pierce the support then expect that the price will go $18,200. If that happen, it only confirm that we will now see a new market season where we can expect that the bull market can finally come. But it will take time because it needs consolidation for us to have a strong price where it can hold in the support levels.

Yesterday the Bitcoin price had broken through to the $21,200 level even though it only lasted for an instant. But for now it is still constantly at the level of over $ 20,000 which means that the gradual movement this month continues to be very good. So don't worry about the level of support because as long as the number of Bitcoin buyers can continue to grow every day, the price increase will always be very strong, even if not immediately to a bigger level.

We have seen that bitcoin has broken through the $21k level even though the price is back down at $20k but that's okay because bitcoin will rise again.
We assume that this is a correction received by bitcoin after reaching $ 21k so that later the price can break even higher.
But I'm not sure that the bull market will come this year because the price of bitcoin still has to try to increase its price slowly.
We have to use this time to keep investing in bitcoin and if we still want to wait for a lower price, we have to be prepared for what happens next because we also don't know if the price will go down or if it will go up again.

crwth

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With everything that is happening. We are probably at the point where it’s tough to predict because there are a lot of factors all over the world that could affect the current pricing of bitcoin. I think it has always been like this, knowing that those big players that are known, like the big exchanges, Binance, could be detrimental if something were to happen, like with FTX.

If no significant events come, I think we are at the bottom, and it’s good to accumulate more. That’s the optimist in me.

EarnOnVictor

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Quote from: bitgolden on January 14, 2023, 02:50:52 PM

Quote from: EarnOnVictor on January 14, 2023, 07:51:31 AM

Quote from: SamWebster84 on January 10, 2023, 08:05:26 AM

I have been thinking over the last few days that the bottom for Crypto may be closer than we think?

You have every reason to believe that the market has bottomed now, but we should not get carried away by that at the moment, the market could be surprising. As the year 2023 just started, today is barely the second week of the year, and what the market does now should not be a total representation of what it would do for the most part of the week.

What matters is for us to stay connected with our charts and economic realities for proper speculation and view adjustments. What helped BTC to rise this week is the US CPI, and that might have a few more days of impact on it before it starts doing what it wants through the real market sentiment.

Yeah, it is doing very well but I disagree that it shouldn't represent all of 2023.

Basically, by nature of any market, you should accept that what Bitcoin is doing now should not represent what it would entirely do in 2023. I was even surprised by your certainty tone that has concluded what it would do this year. With years of trading experience, I had seen a market that started a year very badly but dominated with good performance throughout the year.

This year has just started, so I insist that we should not decide for the whole year yet, and with the bad performance of last year, BTC can't be speculated to be bullish so early. Though it is bullish now and I have gained money from it, we should continue speculating daily, weekly and monthly and not be so certain of anything.

fadhilz123

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Quote from: TitanGEL on January 15, 2023, 02:09:34 AM

The level that the price of the bitcoin should maintain is above $18,200, because it's where the major support resides. The price of the bitcoin is on urrently in retracement time, the price may support in around $20,000 but if the price pierce the support then expect that the price will go $18,200. If that happen, it only confirm that we will now see a new market season where we can expect that the bull market can finally come. But it will take time because it needs consolidation for us to have a strong price where it can hold in the support levels.

Yesterday the Bitcoin price had broken through to the $21,200 level even though it only lasted for an instant. But for now it is still constantly at the level of over $ 20,000 which means that the gradual movement this month continues to be very good. So don't worry about the level of support because as long as the number of Bitcoin buyers can continue to grow every day, the price increase will always be very strong, even if not immediately to a bigger level.

TitanGEL

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Quote from: dansus021 on January 14, 2023, 08:44:18 PM

Quote from: Kemarit on January 14, 2023, 08:36:12 PM

$20,000 is still the price that we have to look right now, to sustain or not. Seems to be that the price is jumping to $21,000 and then it will just go down very quick. And it's obvious that there are sellers at this price to make some profits.

So it's too early to see where the $20,000 market will lead us. I want it to sustain as for me this is a barrier that we should be getting and the support line. It's that recently we have a lot of events that push the price down but this should be the price where we should be at months ago.

$20,000 Level needs to be maintained since this is crucial point we don't wanna see another bull trap again Grin

the only we need at this position is sideaway and make rally base rally and we should easily touch 25K but in my opinion not gonna touch sooner

The level that the price of the bitcoin should maintain is above $18,200, because it's where the major support resides. The price of the bitcoin is on urrently in retracement time, the price may support in around $20,000 but if the price pierce the support then expect that the price will go $18,200. If that happen, it only confirm that we will now see a new market season where we can expect that the bull market can finally come. But it will take time because it needs consolidation for us to have a strong price where it can hold in the support levels.

dansus021

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Quote from: Kemarit on January 14, 2023, 08:36:12 PM

$20,000 is still the price that we have to look right now, to sustain or not. Seems to be that the price is jumping to $21,000 and then it will just go down very quick. And it's obvious that there are sellers at this price to make some profits.

So it's too early to see where the $20,000 market will lead us. I want it to sustain as for me this is a barrier that we should be getting and the support line. It's that recently we have a lot of events that push the price down but this should be the price where we should be at months ago.

$20,000 Level needs to be maintained since this is crucial point we don't wanna see another bull trap again Grin

the only we need at this position is sideaway and make rally base rally and we should easily touch 25K but in my opinion not gonna touch sooner

Kemarit

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Quote from: AmoreJaz on January 14, 2023, 07:29:49 PM

Quote from: crzy on January 14, 2023, 05:07:01 PM

Quote from: dansus021 on January 14, 2023, 02:53:31 AM

So i need to start accumulating more heavily? the answer is No, but accumulating slow and steady yes Dollar Cost Averaging is still the best In my opinion like in my previous post that bitcoin break 20K level but we need to see if the price can maintain that price is so you can all IN(*just kidding) Grin

do DCA till we see the ATH

If you missed the opportunity to buy during the bottom price then cost averaging is a good strategy, just buy the good coins and don’t ever hold any tokens that is not good, cost averaging should only be done with the top coins so your funds will be more safe. The market is getting better now, the pump is a good sign for us. Just wait for more pump and we will confirm if the bull is already happening or this is just a small pump.

small pump or not, i believe some people are looking at this market positively now because after few months, we have seen btc jumping up to 20k. if good news will come around, it may sustain the 20k level and may possibly go up for more.
this market is usually affected by the news surrounding it, so if we will hear positive news more then likely we will be heading to 30k. the possibility is high so you need to think on how to collect some valuable coins while the market is still like a bargain.

$20,000 is still the price that we have to look right now, to sustain or not. Seems to be that the price is jumping to $21,000 and then it will just go down very quick. And it's obvious that there are sellers at this price to make some profits.

So it's too early to see where the $20,000 market will lead us. I want it to sustain as for me this is a barrier that we should be getting and the support line. It's that recently we have a lot of events that push the price down but this should be the price where we should be at months ago.

AmoreJaz

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Quote from: crzy on January 14, 2023, 05:07:01 PM

Quote from: dansus021 on January 14, 2023, 02:53:31 AM

So i need to start accumulating more heavily? the answer is No, but accumulating slow and steady yes Dollar Cost Averaging is still the best In my opinion like in my previous post that bitcoin break 20K level but we need to see if the price can maintain that price is so you can all IN(*just kidding) Grin

do DCA till we see the ATH

If you missed the opportunity to buy during the bottom price then cost averaging is a good strategy, just buy the good coins and don’t ever hold any tokens that is not good, cost averaging should only be done with the top coins so your funds will be more safe. The market is getting better now, the pump is a good sign for us. Just wait for more pump and we will confirm if the bull is already happening or this is just a small pump.

small pump or not, i believe some people are looking at this market positively now because after few months, we have seen btc jumping up to 20k. if good news will come around, it may sustain the 20k level and may possibly go up for more.
this market is usually affected by the news surrounding it, so if we will hear positive news more then likely we will be heading to 30k. the possibility is high so you need to think on how to collect some valuable coins while the market is still like a bargain.

crzy

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Quote from: dansus021 on January 14, 2023, 02:53:31 AM

So i need to start accumulating more heavily? the answer is No, but accumulating slow and steady yes Dollar Cost Averaging is still the best In my opinion like in my previous post that bitcoin break 20K level but we need to see if the price can maintain that price is so you can all IN(*just kidding) Grin

do DCA till we see the ATH

If you missed the opportunity to buy during the bottom price then cost averaging is a good strategy, just buy the good coins and don’t ever hold any tokens that is not good, cost averaging should only be done with the top coins so your funds will be more safe. The market is getting better now, the pump is a good sign for us. Just wait for more pump and we will confirm if the bull is already happening or this is just a small pump.

bitgolden

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Quote from: EarnOnVictor on January 14, 2023, 07:51:31 AM

Quote from: SamWebster84 on January 10, 2023, 08:05:26 AM

I have been thinking over the last few days that the bottom for Crypto may be closer than we think?

You have every reason to believe that the market has bottomed now, but we should not get carried away by that at the moment, the market could be surprising. As the year 2023 just started, today is barely the second week of the year, and what the market does now should not be a total representation of what it would do for the most part of the week.

What matters is for us to stay connected with our charts and economic realities for proper speculation and view adjustments. What helped BTC to rise this week is the US CPI, and that might have a few more days of impact on it before it starts doing what it wants through the real market sentiment.

Yeah, it is doing very well but I disagree that it shouldn't represent all of 2023. I think it does mean something good, I mean it's obvious that we are going to be different in 2023 than we were in 2022 and by the looks of it we are actually doing quite well enough as well.

This means that we shouldn't be really worried about the current situation at all, we should consider that as normal as it gets and 2023 being great. I am not just hyping the situation up, and yes maybe it could drop back down this week as well, but that doesn't change the fact that we had a great start to the year and shows that people are willing to spend money on it.

EarnOnVictor

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Quote from: SamWebster84 on January 10, 2023, 08:05:26 AM

I have been thinking over the last few days that the bottom for Crypto may be closer than we think?

You have every reason to believe that the market has bottomed now, but we should not get carried away by that at the moment, the market could be surprising. As the year 2023 just started, today is barely the second week of the year, and what the market does now should not be a total representation of what it would do for the most part of the week.

What matters is for us to stay connected with our charts and economic realities for proper speculation and view adjustments. What helped BTC to rise this week is the US CPI, and that might have a few more days of impact on it before it starts doing what it wants through the real market sentiment.

Reid

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Fingers crossed. I want to believe that but when you are experiencing the worst of economy you will have high doubts about it.
Accumulating is a problem when you don't have money in your savings because most of it will just go to expenses for necessities and bills.
Now, if ever this gets better then maybe there's a chance we could see a swing upwards but I won't expect too much, just as I said there are doubts and I know it's not just me. I am optimistic with Bitcoin growing but I don't see the "now". It grew to $20k as of time of writing but there's this strange feeling it won't be long.

tygeade

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Quote from: Nrcewker on January 13, 2023, 10:39:45 AM

Quote from: SamWebster84 on January 10, 2023, 08:05:26 AM

Firstly it is great to have found this forum, makes a refreshing change from Crypto Twitter haha.

This forum is as older as Bitcoins. Indeed this forum was founded by the Og Bitcoins and Satoshi himself. Very sad to hear that you found about this forum so late, and were busy in twitter crypto fights. Nevertheless if we come back to the Op, then my friend Bitcoins won’t fall further. And if you now greed for more profits, then I am fearing that you might miss this golden opportunity to buy the Bitcoins at such a low price. So if you are able to buy Bitcoins anywhere below 20k usd, then consider yourself lucky. Don’t waste time and buy as many bitcoins as you can.

I do agree that this forum has been one of the peak places for bitcoin discussion for a long time now. I have been here for nearly a decade, and had a few different accounts back in the day but never really took advantage of it, been here non-stop for a long time now.

I have to say I learned so much about bitcoin here because it is not echo-chamber here, if something is bad then it's bad, on twitter if you say something is bad then thousands of bots could gather around to tell you are wrong and fool others, here that's not possible. That's why this place has been the best thing that happened to be ever, this forum is my entire profit reason and that's why I love it so much.

dansus021

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So i need to start accumulating more heavily? the answer is No, but accumulating slow and steady yes Dollar Cost Averaging is still the best In my opinion like in my previous post that bitcoin break 20K level but we need to see if the price can maintain that price is so you can all IN(*just kidding) Grin

do DCA till we see the ATH

Woodie

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With the current bullish momentum that the market is showing, looks more like people have missed the bottom which is not easy to catch... and btw if they aren't lucky won't see this price again anytime soon unless someone out there liquidates a chunk load of coins now to lower prices briefly before the upward trend resumes.

indah rezqi

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Quote from: AakZaki on January 13, 2023, 01:07:55 PM

FUD is a part of the current crypto market to influence market prices through Fundamentals, some FUDs are deliberately made so that the market is unstable and some people who believe in FUD will panic and take selling actions. when the market price starts to fall, the FUD objective has been achieved and some good news will start to appear to make the market improve again and practice a bull run.

Yeah, that always happens in the market but I guess only temporarily.
I don't think FUD would be bad for anyone expecting bitcoin to be priced low, especially if they want to invest a lot. FUD is bad for price stability because usually the bad effect is panic among traders. But so far people have probably realized that FUD is just part of the market and won't last much longer. Even if people are freaking out a lot with big transactions to exchanges, it can also trigger panic.

Topic: Starting to Think The Bottom May Be Close? (Read 372 times)