Many Buyers(including the crypto whales) will be waiting for a lower BTC price.Institutional investors will never buy BTC in a time,when FUD against Bitcoin dominates the mainstream media.
Many Sellers will be waiting for the Bitcoin price to recover back to 40K USD.
The market might be stagnant during the entire summer.A new FOMO phase/bull run might begin by the end of 2021 and the winter of 2022.The price might drop back to 20K USD during the summer,or it might stay in the 30-40K USD level.Just HODL all your BTC and try to buy more,if you can.
Topic: The calm before the storm? - page 4. (Read 800 times)
It is obvious that people are not going in right now because they do not feel like there is a "hope" about anything. However good thing is, there are not that much shorting going on neither which means people are not expecting it to go down neither, they are not expecting it to do anything. It means people do not know which direction crypto will go, maybe it will go up, maybe it will go down, we do not know what is going to happen.
At the end of the day something big will happen, maybe a big news, maybe a big buy, maybe a bad sell, something will happen and that will light the fire and we are going to see people either buying like crazy and the price will go up, or there will be something bad and the price will crash some more. I am sure because bitcoin always stays calm like this during the non-volatile periods and then something major always happens.
At the end of the day something big will happen, maybe a big news, maybe a big buy, maybe a bad sell, something will happen and that will light the fire and we are going to see people either buying like crazy and the price will go up, or there will be something bad and the price will crash some more. I am sure because bitcoin always stays calm like this during the non-volatile periods and then something major always happens.
There’s been an avalanche of FUD.
There seems a concerted effort to bring bitcoin down but here we are, still at $32,8xx. Most of the weak hands, retail buyers etc are hopefully gone now. It’ll take a couple of months but we will recover & reach new highs by the end of the year. We are still in a bull market.
Exactly. Those FUD are actually stopping and keeping a lot away from the market. But despite that, bitcoin will surely recover no matter what typical fud they send to the market.- Elon
- China cracking down
- Trump
- FBI hacking ransomware address (but not really)
There seems a concerted effort to bring bitcoin down but here we are, still at $32,8xx. Most of the weak hands, retail buyers etc are hopefully gone now. It’ll take a couple of months but we will recover & reach new highs by the end of the year. We are still in a bull market.
The weak hands shall come back when they see the market is up and good for them again.
when did we see the mempool empty and with not much "willingness" to fill up?
When price was stable (that is moving less than 10% in a day and lasting for over a week). Last time was last year and it is not rare to see this happening during accumulation phases.Quote
The volumes aren't great either
Same with above, the volume drops when price is stable. Keep in mind that "volume" is the amount of bitcoin changing hand between day traders who need price to move big time so that they can make profit. When it is not moving or making small moves the volume drops also.Quote
Is everybody waiting for... something?
Yes, they are waiting for price to either go up over a certain level (probably $39k to $40k) or drop below a certain level (probably $30k) to start panic buying or panic selling respectively! So yes you are right it is the calm before the storm.If you look at any other similar situation with a horizontal line on daily charts and compare them with volume and fees you will see the same thing.
Yes, we should take advantage of it, consolidate our transactions. As we might not see this kind of calm before. As for the price movement, probably using a tactic called 'waiting game'. And just looking from afar and see what's going on around before pulling the trigger.
But it good that the price has somewhat bounce from $32,000 fall (due to the FUD) to $33,000. Maybe there are whales and 'smart investors" taking advantage of the lull to inject and invest their money again.
But it good that the price has somewhat bounce from $32,000 fall (due to the FUD) to $33,000. Maybe there are whales and 'smart investors" taking advantage of the lull to inject and invest their money again.
I think it's time to move your Bitcoin right now, if you've used a non-SegWit wallet, it's better to move them now into the Segwit wallet address which you can set into a lower fee and have full control over your Bitcoin.
I've checked yesterday and it was around 5 sats for the minimum fee and now, 1 sats? This is the first time I saw the minimum fees into the network is 1 sat. It means the Bitcoin network isn't congested, good to see if the transaction were always like this.
I've checked yesterday and it was around 5 sats for the minimum fee and now, 1 sats? This is the first time I saw the minimum fees into the network is 1 sat. It means the Bitcoin network isn't congested, good to see if the transaction were always like this.
Quote
Is everybody waiting for... something? 
Probably that is the reason, it means it's good news because people learn now how to hold and didn't get panic. 
It has been a dull week actually do Tuesday is just taking over from what the beginning is.
The supply and demand is the reason for the slow start which is why the mempool isn't filling up. I think there are still fuds in the market environment whose sentiment is causing sell off and bitcoin is dropping too.
But at least we are holding strong where the price is playing around 30K+ which i dont consider for it to be bad despite on the current situation and events we are witnessing and seeing in the market but still it do able to held up even though it is lower compared in past months but it do shows that it cant really dropped that low and we should consider that the price is still high since we are just hoping wayback on breaking its previous ATH which is 20k and now we are still ahead or up into that level. Demand is one of the main factors and once people do start to buy once again then we would see those common situation on the mempool. The supply and demand is the reason for the slow start which is why the mempool isn't filling up. I think there are still fuds in the market environment whose sentiment is causing sell off and bitcoin is dropping too.
It has been a dull week actually do Tuesday is just taking over from what the beginning is.
The supply and demand is the reason for the slow start which is why the mempool isn't filling up. I think there are still fuds in the market environment whose sentiment is causing sell off and bitcoin is dropping too.
The supply and demand is the reason for the slow start which is why the mempool isn't filling up. I think there are still fuds in the market environment whose sentiment is causing sell off and bitcoin is dropping too.
I know I've seen this before, so still 50/50, we can go upward and have a break out run and bounce back, or simply trade sideways as investors are not willing to pour their money in the market, sort of waiting game for them.
As for the current FUD (blockchain and bitcoin and private key hacked by government) once this is clear out, the market can calmly go back to $36k.
As for the current FUD (blockchain and bitcoin and private key hacked by government) once this is clear out, the market can calmly go back to $36k.
We are just going through the slow entry to a bear market. Same arguments and hopes I saw in 2014 and 2018 ...
There’s been an avalanche of FUD.
There seems a concerted effort to bring bitcoin down but here we are, still at $32,8xx. Most of the weak hands, retail buyers etc are hopefully gone now. It’ll take a couple of months but we will recover & reach new highs by the end of the year. We are still in a bull market.
The FUD was so effective that almost all the weak hands have sold already, unfortunately we are seeing that those entities are still trying to use the same tactic against us, which is not going to work, after all anyone that has been in this market for years and was able to endure the winter that came after the crash of 2018 has nothing to worry about as it is very difficult that things are going to get as bad as they did back then. - Elon
- China cracking down
- Trump
- FBI hacking ransomware address (but not really)
There seems a concerted effort to bring bitcoin down but here we are, still at $32,8xx. Most of the weak hands, retail buyers etc are hopefully gone now. It’ll take a couple of months but we will recover & reach new highs by the end of the year. We are still in a bull market.
The market is insanely being pressured by a lot of FUD coupled with sells from weak hands and other investors in the market. It's tough, but it is what it is. There's really no interest from retail investors or giant companies on bitcoin right now, as their main focus are other assets that can make them easy money just like what they did to bitcoin a few months back. If this is indeed a calm before the storm, I don't think there'd be more of us that can weather it and stay. Well, knowing that we can indeed go past $50k, if ever the worse comes to worst and bitcoin's price dropped down back to pre-COVID days, I'll make sure to hoard even more and reap the rewards later.
This clearly looks like an uncommon Tuesday. I mean when did we see the mempool empty and with not much "willingness" to fill up?
The volumes aren't great either, from what I've seen. Is everybody waiting for... something?
Was even surprised too on where looking up on the Pool on where its almost empty and fees are on the cheapest which is really a bit odd or unusual for Bitcoin but honestly i had experienced this similar stuff but only for a while and not like this one where almost 24 hours where transaction countsThe volumes aren't great either, from what I've seen. Is everybody waiting for... something?
are really not high as usual.
It seems people or the community is really just waiting up for possible next movement that they would make and im really readying up my cash on buying for possible dippiest price that we could possibly see.
Im already ready for that but i dont see for the price to go down below 30k but if it does then thats already my own personal signal.
Its really bleeding again right now in the market even though the panick selling is already ended 2 or 3 weeks ago if I'm mistaken. and as the matter of fact some of the assets has shown green after the massive decline but seems there's still some weak hands in the market at this time... And I'm pretty sure this is because of some fuds that keep trying to intimidate people around the internet and as you can see the red percentage of the market can really tell what's happening right now.
This clearly looks like an uncommon Tuesday. I mean when did we see the mempool empty and with not much "willingness" to fill up?
Without looking at previous charts, I believe what we're experiencing is completely normal and that's mostly because of the significant crash that happened after reaching our last ATH moment.What’s positive about the whole story is the fact that no one can complain that the fees are too high 
Exactly - Personally, I'm not worried about its price but I do hope that fees would remain like that for a very long time.
Actually bitcoin even dropped to $31,xxx right now. Better ready with your cash or fiat to buy it on the dip of bitcoin really got to $30,000 or below than that. You can wait a little longer too before decide to buy or not.
There’s been an avalanche of FUD.
There seems a concerted effort to bring bitcoin down but here we are, still at $32,8xx. Most of the weak hands, retail buyers etc are hopefully gone now. It’ll take a couple of months but we will recover & reach new highs by the end of the year. We are still in a bull market.
- Elon
- China cracking down
- Trump
- FBI hacking ransomware address (but not really)
There seems a concerted effort to bring bitcoin down but here we are, still at $32,8xx. Most of the weak hands, retail buyers etc are hopefully gone now. It’ll take a couple of months but we will recover & reach new highs by the end of the year. We are still in a bull market.
Weak hands have already sold and are now waiting to see in which direction the situation will develop - and given that in the past 3 weeks there has been nothing but bad news - some are already pretty sure that the bear market has come and that we are returning to those same levels where we were a year ago.
It is possible that we have calm before the storm, it is just a question of how many will drown before the storm actually starts. During 2017, we had 5 or 6 corrections that went up to 40% - I don't see why something would be different now. What’s positive about the whole story is the fact that no one can complain that the fees are too high
It is possible that we have calm before the storm, it is just a question of how many will drown before the storm actually starts. During 2017, we had 5 or 6 corrections that went up to 40% - I don't see why something would be different now. What’s positive about the whole story is the fact that no one can complain that the fees are too high
Demand has dropped off to a massive degree because there are far fewer newcomers coming into the space right now. network congestion won't happen again until we have new buyers coming back in.
Been like this during the whole difficulty period so far, not just today. Previous period was clearing up the mempool too.
Been like this during the whole difficulty period so far, not just today. Previous period was clearing up the mempool too.
This clearly looks like an uncommon Tuesday. I mean when did we see the mempool empty and with not much "willingness" to fill up?
The volumes aren't great either, from what I've seen. Is everybody waiting for... something?
The volumes aren't great either, from what I've seen. Is everybody waiting for... something?
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