The Bitcoin market is back on track - page 5.

imamusma

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Quote from: Rabata on May 06, 2023, 10:19:20 AM

Ups and downs are consider the generalization of the market condition. There is no reason to be panic about this circumstance. Those who have made investment decisions about Bitcoin, even a major drop in the price of Bitcoin will not drive them from the track. Yesterday the price of Bitcoin rose slightly but then fell again. In this way, Bitcoin will eventually reach a certain target. Those who are weak holders of Bitcoin may see their holdings liquidated by a minor storm. So the holding hand should be tightened. The current market trend about bitcoin will definitely give its positive direction ‍and there are still good opportunities for those who want to buy Bitcoin.

Don't push yourself if you are not strong enough to survive in the long term if you are under financial stress during inflation. That is the best advice that some people may need to consider, while if they are able to survive amidst price volatility then of course it will also be very profitable for their long term plans.

Holding or trading is a choice, of course not a problem for everyone. Some people take advantage of market volatility to build their portfolio by trading, while others take advantage of it by buying more during corrections. Both of these options certainly have advantages and disadvantages, and should be adjusted to your plan so far. It is not mandatory for all bitcoin users to hold on to their bitcoin long term, it is simply an option for those who are willing to ignore market volatility even if at one time they make a decent percentage of profits.

Jating

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Quote from: Semar Mesem on May 06, 2023, 09:35:26 AM

I think bitcoin is still off track because it hasn't been able to stabilize the price increase, even a few days ago it dropped more than 5%, even though it could go up again but the current increase is not significant compared to the decline that occurred simultaneously when the LUNA and FTX cases occurred, we'll wait to see if the price could touch $40k by june or not.

What do you mean? the increase is also significant, from the collapse of Terra Luan and the effect of FTX, the price went on a decline and even hitting the bottom at $15k. But now this May or at least last month, we've seen the price hitting $31k, so that is a great increased.

The problem is that there are a lot of speculators who thinks that bitcoin can go on parabolic rise. That will not be the case, and given that fact that we are still in the bear market, we should be thankful enough that we have recovered already.

The next big move should be next year, we have the bitcoin halving and then after that we might slowly see the bull run that we all have been waiting for.

Rabata

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Quote from: Wong Gendheng on May 06, 2023, 03:04:18 AM

The most important thing right now is that the price is not dropped below $ 20k, and as long as we can be patient, the price will soar again, if many are impatient to see the price skyrocketing again then it's better to be quiet and think if the price skyrocketed then get profit? When the price is low like today, the best thing is to continue buying.

Ups and downs are consider the generalization of the market condition. There is no reason to be panic about this circumstance. Those who have made investment decisions about Bitcoin, even a major drop in the price of Bitcoin will not drive them from the track. Yesterday the price of Bitcoin rose slightly but then fell again. In this way, Bitcoin will eventually reach a certain target. Those who are weak holders of Bitcoin may see their holdings liquidated by a minor storm. So the holding hand should be tightened. The current market trend about bitcoin will definitely give its positive direction ‍and there are still good opportunities for those who want to buy Bitcoin.

ajiz138

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Quote from: skarais on May 06, 2023, 09:58:42 AM

Quote from: Semar Mesem on May 06, 2023, 09:35:26 AM

I think bitcoin is still off track because it hasn't been able to stabilize the price increase, even a few days ago it dropped more than 5%, even though it could go up again but the current increase is not significant compared to the decline that occurred simultaneously when the LUNA and FTX cases occurred, we'll wait to see if the price could touch $40k by june or not.

I think you didn't realize that in the last 4 months bitcoin has been quite consistent in maintaining its positive trend. Take a look at the chart on 1 Month TF, I think you will surely find that in the last 4 months bitcoin managed to record 4 green candles.

Meanwhile, in my opinion the correction occurred within reasonable limits although I would tend to say it was a sideway. For the long term, I think the strategy should still work, but for the short term I think swing trading and scalping are also fine.

It's true that during the beginning of the year bitcoin has maintained a positive trend until now if you look at the chart it certainly shows a nice green candle but with some slight correction it's natural because I see bitcoin recovering after the correction and this is long enough sideways where it lasts with pretty good with that, I think bitcoin will definitely maintain its value so it's not too low depending on market factors.

Long term keep accumulating it's a healthy and simple way, but I don't trade for some other reasons, not that I leave but don't really rely on trading as a profit right now unless I see a move that will go up, but I can still accumulate then that's what I will maintain as long as it is still stable in the flow.

skarais

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Quote from: Semar Mesem on May 06, 2023, 09:35:26 AM

I think bitcoin is still off track because it hasn't been able to stabilize the price increase, even a few days ago it dropped more than 5%, even though it could go up again but the current increase is not significant compared to the decline that occurred simultaneously when the LUNA and FTX cases occurred, we'll wait to see if the price could touch $40k by june or not.

I think you didn't realize that in the last 4 months bitcoin has been quite consistent in maintaining its positive trend. Take a look at the chart on 1 Month TF, I think you will surely find that in the last 4 months bitcoin managed to record 4 green candles.

Meanwhile, in my opinion the correction occurred within reasonable limits although I would tend to say it was a sideway. For the long term, I think the strategy should still work, but for the short term I think swing trading and scalping are also fine.

Semar Mesem

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I think bitcoin is still off track because it hasn't been able to stabilize the price increase, even a few days ago it dropped more than 5%, even though it could go up again but the current increase is not significant compared to the decline that occurred simultaneously when the LUNA and FTX cases occurred, we'll wait to see if the price could touch $40k by june or not.

Wong Gendheng

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The most important thing right now is that the price is not dropped below $ 20k, and as long as we can be patient, the price will soar again, if many are impatient to see the price skyrocketing again then it's better to be quiet and think if the price skyrocketed then get profit? When the price is low like today, the best thing is to continue buying.

justdimin

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Quote from: tygeade on May 04, 2023, 05:14:33 AM

Quote from: uchegod-21 on May 03, 2023, 06:38:49 AM

Quote

Bitcoin touched its all-time high of $31K which is the 2023 market high. When the market reached $31K we had an idea that the Bitcoin market would soon reach $100K.

Market reaching $100k is not an easy thing and I will advise that we should not think much about it. During the last mega bull run that happened, $100k which was the target failed. It will be very difficult for the marker to drag such a FOMO that will pull it to $100k. Our best expectation is something close to or slightly more than ATH.

Why shouldn't it be an easy thing? I feel like that is as easy as it gets. Bitcoin reaching 100k may not happen today or tomorrow, but it is not a hard thing neither, it is something that will surely happen. I personally believe that the best thing about bitcoin is that the price goes up eventually at all times, there is nothing to worry about.

Obviously speaking we are going to end up with some situations where the price will not be doing that well, but that doesn't matter because when the price doesn't well, all you have to do is wait for it to get back to being good again and it will be awesome. I personally believe that it should not be an issue, 100k is simple and all you have to do is wait, I bet that it will get to 100k one day, not today but eventually one day.

Easy as in quick, not easy as in not being able to do. I feel like it is easy if you are talking about "will it ever happen", because we all know that it will happen there is no doubt about that, but if you are asking if it is easy to do as in will it happen just about now? Like within May for example, then I think that is not easy and it will not happen.

This is why we should consider this as a trouble and not really go with that, I feel like it is not a good decision to do it and should avoid it if possible. All in all there are too many people who think that it would not be smart decision, so if you want to invest to make quick profit then yes you are right that 100k will not happen that quickly, but if you are a long term investor then yes it will do well.

fzkto

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Quote from: dragonvslinux on May 05, 2023, 01:14:58 PM

Quote from: Aikidoka on May 02, 2023, 07:57:08 AM

Quote from: ItsCrafty on May 02, 2023, 06:05:45 AM

Bitcoin will not rise straight up to 50k. We will see many up and down before Btc reaching high level. One days ago (30 Apr) Bitcoin price again down to 28k. now its looking weak and we can again see some further correction to 26k and then it will be time for whale to push big than previous and 35k might he target in this pump.

A straight rise to 50k would be kinda impossible given the current market conditions. It's currently undergoing a price correction, and it's probable that it will remain in the range of 25k to 35k for some time, possibly two to three months. However, I believe it could reach another level by the end of this year, possibly around the range of 40k to 50k.

Personally I find it quite unlikely that price would be between $25K and $35K for two to three months, mainly as price has already been between $20K and $30K for around for 4/5 months, which is a similar range, as well as consolidated between $27K and $31K for about 5/6 weeks now. So eventually price is likely to break this range in either direction and go some distance as well as not return there for sometime (or ever).

It's also worth remembering that it didn't take long for price to go from $20K to $30K, which is a 50% increase, so going from $30K to say $45K wouldn't necessarily take much longer.

You certainly wrote interestingly about the 25k-35k range. In my opinion it is not much different from 20k-30k as the price is still below 30k right now. About the price being able to rise quickly to 45k in a positive scenario, it can just as quickly fall in a bad one. Although I also think the price should make a break up because I see a similar pattern from 2019.

TheGreatPython

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Quote from: tygeade on May 04, 2023, 05:14:33 AM

Quote from: uchegod-21 on May 03, 2023, 06:38:49 AM

Quote

Bitcoin touched its all-time high of $31K which is the 2023 market high. When the market reached $31K we had an idea that the Bitcoin market would soon reach $100K.

Market reaching $100k is not an easy thing and I will advise that we should not think much about it. During the last mega bull run that happened, $100k which was the target failed. It will be very difficult for the marker to drag such a FOMO that will pull it to $100k. Our best expectation is something close to or slightly more than ATH.

Why shouldn't it be an easy thing? I feel like that is as easy as it gets. Bitcoin reaching 100k may not happen today or tomorrow, but it is not a hard thing neither, it is something that will surely happen. I personally believe that the best thing about bitcoin is that the price goes up eventually at all times, there is nothing to worry about.

Obviously speaking we are going to end up with some situations where the price will not be doing that well, but that doesn't matter because when the price doesn't well, all you have to do is wait for it to get back to being good again and it will be awesome. I personally believe that it should not be an issue, 100k is simple and all you have to do is wait, I bet that it will get to 100k one day, not today but eventually one day.

No, it is not as easy as it sounds when we are speaking about it. The market doesn't always move the way we think about it or we want it to, it often changes its direction based on events and sentiments of the buyers and sellers combined. Right now, the price is in correction mode and a bit stable too, so the chances are more that we will see a drop from here.

If you talk about the price value of Bitcoin eventually, we all know that it has got the potential to cross that mark some day in the future, but there is basically no guarantee as to when that is going to happen.

dragonvslinux

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Quote from: Aikidoka on May 02, 2023, 07:57:08 AM

Quote from: ItsCrafty on May 02, 2023, 06:05:45 AM

Bitcoin will not rise straight up to 50k. We will see many up and down before Btc reaching high level. One days ago (30 Apr) Bitcoin price again down to 28k. now its looking weak and we can again see some further correction to 26k and then it will be time for whale to push big than previous and 35k might he target in this pump.

A straight rise to 50k would be kinda impossible given the current market conditions. It's currently undergoing a price correction, and it's probable that it will remain in the range of 25k to 35k for some time, possibly two to three months. However, I believe it could reach another level by the end of this year, possibly around the range of 40k to 50k.

Personally I find it quite unlikely that price would be between $25K and $35K for two to three months, mainly as price has already been between $20K and $30K for around for 4/5 months, which is a similar range, as well as consolidated between $27K and $31K for about 5/6 weeks now. So eventually price is likely to break this range in either direction and go some distance as well as not return there for sometime (or ever).

It's also worth remembering that it didn't take long for price to go from $20K to $30K, which is a 50% increase, so going from $30K to say $45K wouldn't necessarily take much longer.

Lubang Bawah

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Many predictions that the price range between $ 25k to $ 30k will occur in the long term, of course we are waiting for another big surprise like January so that prices can return to a positive trend, if prices continue as they are now of course this is boring and makes investors not patiently waiting.

btc_angela

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Quote from: bitgolden on May 04, 2023, 10:50:45 AM

Quote from: arwin100 on May 02, 2023, 06:23:19 AM

For people claiming that it would break at $100k price on this year maybe they need to consider first on how could bitcoin get demand on its current situation where many are still afraid about the bull trap might possible to happen. To many things need to consider so maybe it might happen when bull run came since most of the time we can see a great insights about possibly price to occur on that moment.

I think the demand will show itself when the price goes up as well. Price going up requires demand, but demand makes it go up in price at the same time, it's a cycle. So whenever there is a bit of demand, there will be more demand following that as well, it just keeps growing. This is why I honestly believe that we will go up a bit first, stay there for a while then keep growing bigger after that.

People who need a reason to buy bitcoin will have a reason which will be profiting, they will see others profiting from bitcoin and they will want to do the same thing. That's the good thing about bitcoin, it gives people ability to make profit easily with others together, and that will be good enough reason for people to buy and create demand for it.

And when the demand goes in the future, then we should look at it as something valuable for today. I mean yeah the price might be around $30k and could be very expensive for us, but if there is a huge demand in the future then definitely the price is going up, 6 figures and those who hold will be on the + side here.

One reason is obviously we wanted to get rich in the future and with that, it's very easy to just invest very early. Doesn't mean to buy in bulk and then that's it. If you don't have the money then DCA will do and invest what you can afford to lose. It could be tough for some because it takes at least or two to realized our profits but it's going to of value in the future.

G_Besar

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Quote from: Paul Pogba on May 03, 2023, 01:45:31 AM

With the number of users continuing to grow bitcoin will continue to shine, the correction that occurred was short term and i believe the price will rise again, now is the right time to buy before the price becomes more expensive.

This kind of advice is actually more suitable for those who have not bought Bitcoins or those who have sold Bitcoins in the past, although it would not be wrong to use them for those who have bought and have not sold them now. Because increasing the amount of Bitcoin to hold long-term is always a very healthy solution because Bitcoin is not a bad asset to have long-term. I also hope that the Bitcoin price can increase even more this month, because for me that is really exciting.

rby

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Quote from: drwhobox on April 26, 2023, 05:59:21 PM

Quote from: Patrol69 on April 26, 2023, 08:52:14 AM

2023-04-14 14:00,
Bitcoin touched its all-time high of $31K which is the 2023 market high. When the market reached $31K we had an idea that the Bitcoin market would soon reach $100K.
Thinking like this, suddenly the market was running down gradually. At other times, the market usually goes down very slowly, but during this period, the market started to go down very quickly and gradually, on 23-04-24 at 22:00, the price of Bitcoin reached $26,942.

Bitcoin maybe will not touch 100k$ this year, but it can cross 50k$ easily with this run. We can not predict the price but we can enjoy the bull run.
Some traders made huge profits just from this little drop of the price of bitcoin. Regular trader enjoy the volatility of bitcoin while investors only can watch and enjoy.

The price in this chart posted some days ago is the same as what we have today. The very good thing is that the market is moving progressively and that is a good sign for everyone and especially traders and project owners.
In as much as the market is moving, I do not expect $100k this May or let's say this year.
We should be able to reach $50k before we meet thr ATH and talking about exceeding the ATH before we talk of $100k. As someone said above, $100k is not what can be attained easily.

bitgolden

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Quote from: arwin100 on May 02, 2023, 06:23:19 AM

For people claiming that it would break at $100k price on this year maybe they need to consider first on how could bitcoin get demand on its current situation where many are still afraid about the bull trap might possible to happen. To many things need to consider so maybe it might happen when bull run came since most of the time we can see a great insights about possibly price to occur on that moment.

I think the demand will show itself when the price goes up as well. Price going up requires demand, but demand makes it go up in price at the same time, it's a cycle. So whenever there is a bit of demand, there will be more demand following that as well, it just keeps growing. This is why I honestly believe that we will go up a bit first, stay there for a while then keep growing bigger after that.

People who need a reason to buy bitcoin will have a reason which will be profiting, they will see others profiting from bitcoin and they will want to do the same thing. That's the good thing about bitcoin, it gives people ability to make profit easily with others together, and that will be good enough reason for people to buy and create demand for it.

tygeade

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Quote from: uchegod-21 on May 03, 2023, 06:38:49 AM

Quote

Bitcoin touched its all-time high of $31K which is the 2023 market high. When the market reached $31K we had an idea that the Bitcoin market would soon reach $100K.

Market reaching $100k is not an easy thing and I will advise that we should not think much about it. During the last mega bull run that happened, $100k which was the target failed. It will be very difficult for the marker to drag such a FOMO that will pull it to $100k. Our best expectation is something close to or slightly more than ATH.

Why shouldn't it be an easy thing? I feel like that is as easy as it gets. Bitcoin reaching 100k may not happen today or tomorrow, but it is not a hard thing neither, it is something that will surely happen. I personally believe that the best thing about bitcoin is that the price goes up eventually at all times, there is nothing to worry about.

Obviously speaking we are going to end up with some situations where the price will not be doing that well, but that doesn't matter because when the price doesn't well, all you have to do is wait for it to get back to being good again and it will be awesome. I personally believe that it should not be an issue, 100k is simple and all you have to do is wait, I bet that it will get to 100k one day, not today but eventually one day.

TravelMug

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Quote from: Magic-Money on May 03, 2023, 12:34:27 AM

Bitcoin market price has session, which we called Bull run and Bear market, while volatility can also make Bitcoin price look as the bull run want to start, but never the less, this is the right time to filled up your bag's with Bitcoin, because is a good entry point and no body can give exactly the day the bull run well start.

In which it could be neither positive or negative to us,

- in a bear market, prices are down, then get as many as we can
- in a bull market, prices soaring up, better do DCA

So it's a win-win for us, and it's no rocket science that we can take advantage of it's volatility. Or just really embrace it, accept that fact that makes us uncomfortable and then learn through it. And for sure sooner or later we are going to make money on both markets based on what we understand from it's volatility.

uchegod-21

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Quote from: Patrol69 on April 26, 2023, 08:52:14 AM

2023-04-14 14:00

Basically I do not understand the reason for so much volatility in the market. Is this volatility a good sign of the market or a bad sign of the market?

If you check the cryptocurrency charts and also if you check the charts of stock market. You will never see a straightforward chart from bottom to top or vice versa. Any volatile investment has this zigzag pattern of up and down. That is the reason you should know that volatility is neither a good sign of market or a bad sign, rather it is simply the nature of the market.

Quote

Bitcoin touched its all-time high of $31K which is the 2023 market high. When the market reached $31K we had an idea that the Bitcoin market would soon reach $100K.

Market reaching $100k is not an easy thing and I will advise that we should not think much about it. During the last mega bull run that happened, $100k which was the target failed. It will be very difficult for the marker to drag such a FOMO that will pull it to $100k. Our best expectation is something close to or slightly more than ATH.

Paul Pogba

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With the number of users continuing to grow bitcoin will continue to shine, the correction that occurred was short term and i believe the price will rise again, now is the right time to buy before the price becomes more expensive.

Topic: The Bitcoin market is back on track - page 5. (Read 1069 times)