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Topic: Starting to Think The Bottom May Be Close? - page 2. (Read 464 times)

legendary
Activity: 2338
Merit: 1084
zknodes.org
January 13, 2023, 12:07:55 PM
#31
FUDs will never be gone as long as there are people who believed in it. Also, in this industry wherein there are no certainties, assumptions will surface the web continuously and that simply includes FUDs as part of it. This is why making onself knowledgeable would be always encouraged.
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.
copper member
Activity: 2268
Merit: 539
LuckyDiamond.io - FLAT 50% Deposit Bonus!
January 13, 2023, 09:39:45 AM
#30
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.
sr. member
Activity: 2828
Merit: 344
win lambo...
January 13, 2023, 08:25:55 AM
#29

I have been thinking over the last few days that the bottom for Crypto may be closer than we think? After all the FUD and bad economic news, it does seem that $16k was very solid for Bitcoin. I was just reading this post that I came across on Twitter: https://cryptochiefs.io/crypto-outlook-2023-is-the-crypto-winter-nearing-its-end/

What they are saying does make sense. Especially about the Fed Pivot, as I think the rises will be paused very soon. I think the economic situation will improve dramatically over the next 12 months.
Bitcoin will recover even if these people will never support crypto. The winter is likely to have an end, that is my opinion. We are moving forward to face the next market cycle which is the bull season. Bitcoin had overcome many market crises in the past and still makes it soaring high. That it keeps my spirit to invest Bitcoin more rather than waiting when the price to rally back.
Quote
This leads me to the question... so I need to start accumulating more heavily? LOL
If that will please you and you think it was comfortable, then make do it. Don't worry about the dip nor think about it every day as it only bothered you to make good decisions.
legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
January 13, 2023, 08:17:10 AM
#28
It's too much of a headache to even think about if the market already bottomed or not, instead of doing this I will keep buying when I have some money since we are still in a bear market anyway, if BTC dips to 10k it is going to another great opportunity to buy.

I have a portfolio I built when BTC was 17,000$ in June 2020 and I have another portfolio I built when 15,000$ per BTC happened, it won't hurt to build another if 10,000$ per BTC happens.

Indeed, trying to determine the bottom of bitcoin only adds to our stress and is a waste of time. Even though bitcoin is trending up and can hit $20k but in price comparison, bitcoin is still down more than 70% from ATH, which can be said to be a bargain price to buy. It is confusing for those who are still waiting for bitcoin to bottom without buying from now on.

I decided to begin accumulating when bitcoin fell below $25k because I thought it was a price that was in line with the target I had set. And I will keep collecting bitcoins until the halving happens.
legendary
Activity: 2254
Merit: 1377
Fully Regulated Crypto Casino
January 13, 2023, 06:05:35 AM
#27
I think btc halving will have a big effect on market positively however we are far away from it yet. Surely people will love to accumulate funds now and continue to do dca. We cant be positive yet with all the heavy fud coming to centralized market and until this issue died out we cant move forward without huge doubt from other retailers and even institutions. But I believe it will be just temporary and will go back to the trendy hype like last bull run.
hero member
Activity: 2842
Merit: 772
January 13, 2023, 05:58:59 AM
#26
I didn't think that the lowest bitcoin price was $16k because the bitcoin price could touch below $16k at any time. The current price is not impossible to fall even deeper, but the question is, have you bought bitcoin at every lower price?

But indeed, the situation in this new year is getting better than last year because we can see a slight increase in the price of bitcoin. But that does not mean we will continue to see the price of bitcoin increase because any increase will surely face a correction for a while. You can still collect more bitcoins because the price has not yet reached $20k and the current price is still worth buying for you and all of us.

Back in June indicators like RSI signaled market had dipped to its lowest. Apparently, it didn't rise up after a few weeks, and then by November it goes to $15K. It could be the bottom already yet the market is very unpredictable. The FED they said will pivot which was also anticipated to happen, I guess that will be the moment the financial guys are saying.

If it goes below $15K in a few weeks, then we are really going to be seeing Bitcoin bottom on the monthly chart which had not yet happened in the history of BTC.
The movement of bitcoin seems to be affected by news from the FED so that it inhibits the price of bitcoin from increasing and it seems that there is indeed an intention to hold the price of bitcoin so that it does not rise first because the global situation is still uncertain. But in the future, I'm sure that when the time comes, the price of bitcoin will go up high and nothing can prevent it. And when the bitcoin price starts to increase, it will surely make many people who don't believe in bitcoin be surprised and amazed by the power of bitcoin. But we don't expect the bitcoin price to drop to $15k in the next few weeks.

It did increase though right? from $16k we have move up to $19k although there could be downward pressure in the weekend pulling the price to $18k++. Still this is a very positive outlook at the start of the year.

If you are talking about the future, maybe after the block halving, then definitely the price will increase ten folds as we will officially enter the bull market by that time. So short term, let's see $20k if that is possible or not. We don't need to force it this month though.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
January 12, 2023, 09:16:07 AM
#25
I didn't think that the lowest bitcoin price was $16k because the bitcoin price could touch below $16k at any time. The current price is not impossible to fall even deeper, but the question is, have you bought bitcoin at every lower price?

But indeed, the situation in this new year is getting better than last year because we can see a slight increase in the price of bitcoin. But that does not mean we will continue to see the price of bitcoin increase because any increase will surely face a correction for a while. You can still collect more bitcoins because the price has not yet reached $20k and the current price is still worth buying for you and all of us.

Back in June indicators like RSI signaled market had dipped to its lowest. Apparently, it didn't rise up after a few weeks, and then by November it goes to $15K. It could be the bottom already yet the market is very unpredictable. The FED they said will pivot which was also anticipated to happen, I guess that will be the moment the financial guys are saying.

If it goes below $15K in a few weeks, then we are really going to be seeing Bitcoin bottom on the monthly chart which had not yet happened in the history of BTC.
The movement of bitcoin seems to be affected by news from the FED so that it inhibits the price of bitcoin from increasing and it seems that there is indeed an intention to hold the price of bitcoin so that it does not rise first because the global situation is still uncertain. But in the future, I'm sure that when the time comes, the price of bitcoin will go up high and nothing can prevent it. And when the bitcoin price starts to increase, it will surely make many people who don't believe in bitcoin be surprised and amazed by the power of bitcoin. But we don't expect the bitcoin price to drop to $15k in the next few weeks.
hero member
Activity: 2744
Merit: 588
January 11, 2023, 02:07:59 PM
#24
What is your main reason for asking this? have not mentioned if willing to invest or just curious to what will be the future prices?
On his last sentence he is asking if he will accumulate. The OP came from Twitter and it looks like he have some good backgrounds at analysing the price because he already laid out some samples there. He came here asking for a second opinion other than relaxing for a while in twitter. I agree on the sample analysis that he laid there.

$16k is indeed solid which is why I don't think we fall beyond that point but I don't also think that we will fall below $17k. So the OP should hurry up now and accumulate more coins before we saw more price increases. There will be pauses and then there will be small decline, which we can use again for accumulation.

I would also like to congratulate the OP for finding this forum as he can get a lot of valuable insights from here on.
As he has a lil bit of an idea what's going on, he can be considered not really a newbie in crypto.
If he does believe in the capability of btc, of what it may contribute to the financial market, he can invest anytime he thinks he can afford to.
As everyone is reminding everyone, just invest what you can afford to lose, don't loan money or any of that sort, because no one can assure where the market is heading to.
hero member
Activity: 2688
Merit: 588
January 11, 2023, 02:00:12 PM
#23
What is your main reason for asking this? have not mentioned if willing to invest or just curious to what will be the future prices?
On his last sentence he is asking if he will accumulate. The OP came from Twitter and it looks like he have some good backgrounds at analysing the price because he already laid out some samples there. He came here asking for a second opinion other than relaxing for a while in twitter. I agree on the sample analysis that he laid there.

$16k is indeed solid which is why I don't think we fall beyond that point but I don't also think that we will fall below $17k. So the OP should hurry up now and accumulate more coins before we saw more price increases. There will be pauses and then there will be small decline, which we can use again for accumulation.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
January 11, 2023, 10:48:41 AM
#22
Will always be hard to tell. The market price could stabilize, go up, or fall down. Depends on indicators and factors. Right now, I think it is more likely to stabilize at its present market value until something of a news would take place to wake the interest of investors to engage with this industry, again, just like with previous all time highs. Also, what's anticipated right now is the 2024 halving but that would be too long to wait. If there would be other indicator, we may see its market value to climb up and break the $20k barrier afterwards.
If you have money that you want to invest and not use for anything else, then collect more Bitcoins from now on. We're going to see a lot of profit in the long term. See how bitcoin is still holding in the $16k-$17k price area and currently there is a tendency for recovery. 2023 could be a good year as long as there is no FUD like the previous ones. There's nothing wrong with collecting more, it's the same as making an investment that will give you future profits from every bitcoin you collect. if the price can be much lower than now, that will also be the best opportunity, but don't get your hopes up, buy gradually.
FUDs will never be gone as long as there are people who believed in it. Also, in this industry wherein there are no certainties, assumptions will surface the web continuously and that simply includes FUDs as part of it. This is why making onself knowledgeable would be always encouraged.
legendary
Activity: 2338
Merit: 1084
zknodes.org
January 11, 2023, 05:01:33 AM
#21
If you have money that you want to invest and not use for anything else, then collect more Bitcoins from now on. We're going to see a lot of profit in the long term. See how bitcoin is still holding in the $16k-$17k price area and currently there is a tendency for recovery. 2023 could be a good year as long as there is no FUD like the previous ones. There's nothing wrong with collecting more, it's the same as making an investment that will give you future profits from every bitcoin you collect. if the price can be much lower than now, that will also be the best opportunity, but don't get your hopes up, buy gradually.
sr. member
Activity: 1610
Merit: 301
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January 11, 2023, 04:27:09 AM
#20
It is very likely that the Fed will stop raising rates, but that does not mean they will cut rates, I think they will keep rates unchanged until the end of 2023 and maybe 2024. National economies are starting to absorb interest rates more than we thought the crisis was over. I think that's why many economists predict we'll enter a recession in 2023, not a post-crisis recovery and growth period.

Whether the economy will get worse or better, don't hesitate to accumulate bitcoin, as this is already a very good price to collect, we are already very close to the bottom if bitcoin falls further this year.
sr. member
Activity: 2366
Merit: 332
January 11, 2023, 03:53:59 AM
#19
I'm not really bothered about the down speculation of bitcoin for this year because it has survived this speculation from after it went to bull. Looking at the time for halving and the distance now is around a year and that is not too much to bear even if there is price drop. The history of bitcoin has been after bear come bull so nothing different is to happen, soon the bull will arrive so going in now by DCA is still appropriate.
sr. member
Activity: 686
Merit: 403
January 11, 2023, 03:07:39 AM
#18
It's too much of a headache to even think about if the market already bottomed or not, instead of doing this I will keep buying when I have some money since we are still in a bear market anyway, if BTC dips to 10k it is going to another great opportunity to buy.

I have a portfolio I built when BTC was 17,000$ in June 2020 and I have another portfolio I built when 15,000$ per BTC happened, it won't hurt to build another if 10,000$ per BTC happens.
hero member
Activity: 1708
Merit: 566
Leading Crypto Sports Betting & Casino Platform
January 11, 2023, 02:13:50 AM
#17


This leads me to the question... so I need to start accumulating more heavily?
If that's the question, then the answer is yes you should collect more bitcoins in your wallet. This is an opportunity that may not come twice. I'm not just suggesting that you collect more, because I've done that myself. If buying in bulk is too much to do, then DCA is the solution to that problem.
There is no mistake that FUD is heard everywhere, but if we have been in this space for a long time, this has become mainstream news and even I personally have ignored it, because I know there are people who want to take advantage of this situation. So rather than hearing news like that, I better be consistent with the strategy I'm using now.
hero member
Activity: 3038
Merit: 617
January 11, 2023, 12:48:33 AM
#16
I didn't think that the lowest bitcoin price was $16k because the bitcoin price could touch below $16k at any time. The current price is not impossible to fall even deeper, but the question is, have you bought bitcoin at every lower price?

But indeed, the situation in this new year is getting better than last year because we can see a slight increase in the price of bitcoin. But that does not mean we will continue to see the price of bitcoin increase because any increase will surely face a correction for a while. You can still collect more bitcoins because the price has not yet reached $20k and the current price is still worth buying for you and all of us.

Back in June indicators like RSI signaled market had dipped to its lowest. Apparently, it didn't rise up after a few weeks, and then by November it goes to $15K. It could be the bottom already yet the market is very unpredictable. The FED they said will pivot which was also anticipated to happen, I guess that will be the moment the financial guys are saying.

If it goes below $15K in a few weeks, then we are really going to be seeing Bitcoin bottom on the monthly chart which had not yet happened in the history of BTC.
legendary
Activity: 1848
Merit: 1982
Fully Regulated Crypto Casino
January 10, 2023, 11:46:31 PM
#15
It is good to see some green at the beginning of the new year, this makes people feel optimistic, especially Bitcoin lovers, there was a stagnation in the price for a long time without any significant movement, but now some movement has begun, so people felt optimistic.

I hope that this greening will continue, but I expect that it will not last for a long time. When Halving approaches, the demand for bitcoin will increase dramatically, especially from whales. Therefore, I do not think that we will see strong rises in bitcoin before the end of this year.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
January 10, 2023, 11:23:13 PM
#14
I didn't think that the lowest bitcoin price was $16k because the bitcoin price could touch below $16k at any time. The current price is not impossible to fall even deeper, but the question is, have you bought bitcoin at every lower price?

But indeed, the situation in this new year is getting better than last year because we can see a slight increase in the price of bitcoin. But that does not mean we will continue to see the price of bitcoin increase because any increase will surely face a correction for a while. You can still collect more bitcoins because the price has not yet reached $20k and the current price is still worth buying for you and all of us.
jr. member
Activity: 112
Merit: 8
January 10, 2023, 11:07:52 PM
#13
Firstly it is great to have found this forum, makes a refreshing change from Crypto Twitter haha.

I have been thinking over the last few days that the bottom for Crypto may be closer than we think? After all the FUD and bad economic news, it does seem that $16k was very solid for Bitcoin. I was just reading this post that I came across on Twitter: https://cryptochiefs.io/crypto-outlook-2023-is-the-crypto-winter-nearing-its-end/

What they are saying does make sense. Especially about the Fed Pivot, as I think the rises will be paused very soon. I think the economic situation will improve dramatically over the next 12 months.

This leads me to the question... so I need to start accumulating more heavily? LOL

Anything can still happen, as you have said, perhaps the Feds statement about the CPI is very important. And maybe if they pause or some statement that everything is going back to normal as far as the US economies then it might be good for crypto and the rest of traditional market.

But nevertheless I will still be cautious, there are speculations saying that we haven't seen the bottom yet.

So it's better to be prepared than be disappointed, just continue to accumulate and we will be good till the next block halving and bull run.

I don't think "everything is going back to normal" any time soon, I expect more of the same for the foreseeable future.
hero member
Activity: 2632
Merit: 833
January 10, 2023, 09:02:15 PM
#12
Firstly it is great to have found this forum, makes a refreshing change from Crypto Twitter haha.

I have been thinking over the last few days that the bottom for Crypto may be closer than we think? After all the FUD and bad economic news, it does seem that $16k was very solid for Bitcoin. I was just reading this post that I came across on Twitter: https://cryptochiefs.io/crypto-outlook-2023-is-the-crypto-winter-nearing-its-end/

What they are saying does make sense. Especially about the Fed Pivot, as I think the rises will be paused very soon. I think the economic situation will improve dramatically over the next 12 months.

This leads me to the question... so I need to start accumulating more heavily? LOL

Anything can still happen, as you have said, perhaps the Feds statement about the CPI is very important. And maybe if they pause or some statement that everything is going back to normal as far as the US economies then it might be good for crypto and the rest of traditional market.

But nevertheless I will still be cautious, there are speculations saying that we haven't seen the bottom yet.

So it's better to be prepared than be disappointed, just continue to accumulate and we will be good till the next block halving and bull run.
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