Topic: The calm before the storm? (Read 800 times)
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I think we already see the storm is starting leaving the market as bitcoin start rising again and many altcoins follow increase. Hopefully, that will change a whole market to a better situation and we will see a bull run coming again. Once the bitcoin gets another bull run, the altcoin will be behind bitcoin and will increase. So you can prepare to set your target price to sell because that time will come again.
Actually the price never been stable since this year and currently the price now is at 34k which is if we are waiting for it to come down again before buying it, it might be late, so what we have to do provided that the fiat or physical cash is there, is to buy and keep since the price is still within the range of 30k to 40k hopping that it will increase to to 50k to 60k before the year run down.
well , i just thought $220k still play like max keiser says, many institutional come like grayscale, microstrategy, even country like el salvador , and the price just still stand under 100k , itsn't funny to you ? , i prefer storm on positive think, its not over yet.
Last few months was very good as we have some good mass adoption and some good voices from economical struggling countries for talking about bitcoin because now they are feeling it's a better way to handle this corrupt system and bringing some transparency which is very important for progress of any society.
Bitcoin is naturally volatile, and It's never been going to any control, so many will feel more freedom and have better future with this adoption.
50k as a ceiling is imaginary
Keep in mind that traders are people and people love nice round numbers. I wouldn't be surprised that once we touch 50k many will sell/cash in, hence dropping the price (at least for a while).
further until on 60k level point
I think that's a bit early to discuss about 60k yet.
The calm before the storm?
You know that the topic was created in June and the market has already proven me wrong, right?
We’re flirting with 50k right now, we seem to have absorbed & recovered from all the FUD they can throw at us. Whales have been silently accumulating for months now, there is going to be a supply shock soon & we are going to moon.
Lucky to those people who had get in when it dipped down to 42k and able to get in before the market starts to make some rally.We cant really be sure if this would continue and past 50k again and would go further until on 60k level point.The calm before the storm? This is something we could only presume but not an assurance that we could see that the market had reached all time highs.
Just be wise and make out decisions according into your risk management and dont hurry up yourself on making out decisions.
50k as a ceiling is imaginary but we do have negative trends ongoing in the very highest prices. The biggest of this year to oppose BTC was the Dollar index regaining its losses of 2020 and its failed to do so, it threatened more then once but I dont think its going to occur so BTC isnt especially negative in dollar terms. There is only the question of profit taking which is a constant cycle of supply and passing of old buyers to new, I still imagine we take another 6 months of pass the parcel.
The storm I think is not a great sell off, that would just be repetition. The storm will be the breakthrough of the ceiling overhead, then we have new ground and with weak dollar unrestrained price action likely occurring, white waters.
The storm I think is not a great sell off, that would just be repetition. The storm will be the breakthrough of the ceiling overhead, then we have new ground and with weak dollar unrestrained price action likely occurring, white waters.
We’re flirting with 50k right now, we seem to have absorbed & recovered from all the FUD they can throw at us. Whales have been silently accumulating for months now, there is going to be a supply shock soon & we are going to moon.
It is not calm right now, it is contrary to that and the price is already back to high prices. We should remember that we were down to 30k prices just a few months ago, from 64k to 30k happened very quickly and stayed there for months before we went to above 40k prices. Right now, when the price drops to 40k people act as if that is the end of the world like that is not 30%+ increase from what we were just a few months ago.
I believe that if we are calm about this 40k+ prices, doesn't matter if it is 41k or 49k, if we are calm about it then we could end up seeing 50k+ prices and even 60k+ prices again as well. All we need to do is not to overreact to them.
I believe that if we are calm about this 40k+ prices, doesn't matter if it is 41k or 49k, if we are calm about it then we could end up seeing 50k+ prices and even 60k+ prices again as well. All we need to do is not to overreact to them.
Actually the price never been stable since this year and currently the price now is at 34k which is if we are waiting for it to come down again before buying it, it might be late, so what we have to do provided that the fiat or physical cash is there, is to buy and keep since the price is still within the range of 30k to 40k hopping that it will increase to to 50k to 60k before the year run down.
well , i just thought $220k still play like max keiser says, many institutional come like grayscale, microstrategy, even country like el salvador , and the price just still stand under 100k , itsn't funny to you ? , i prefer storm on positive think, its not over yet.
The price move slowly therefore it seems what will happen next is it grow or is it down, this confusion every person's mind who invest in the cryptocurrency market .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.
It's checked and it was around 5 sats for the minimum fee and now, 1 sats? This is the first time it is seen the minimum fees into the network is 1sat. It means the Bitcoin network isn't congested, good to see if the transaction .
It's checked and it was around 5 sats for the minimum fee and now, 1 sats? This is the first time it is seen the minimum fees into the network is 1sat. It means the Bitcoin network isn't congested, good to see if the transaction .
You spoke too early mate, the price seems to be moving on a uptick, prices now approaching the big resistance level of $48,000 again. I don't understand what you mean moving it, maybe you are referring to some wallets that you don't have control. First lesson is that you have to store your precious Bitcoin in a wallet that you have the private keys like Electrum.
Network though is up, fees has increased obviously because of the current surge, nevertheless it is still cheap, IMHO. So let's see how far this bull run will go, hopefully we can get back above $50,000 or even topple the last high we have last month which is $52,000. It's just the 3rd day of the month and a lot of things can happen.
Musk just loves memes, if Bitcoin doesnt appear to do anything exciting he grows bored and wants to move onto other things. Well thats been true for some large periods of time in BTC, progress is not always fireworks its building the background to the moves thats happen. He has space rockets who can blame him, really I want him to be the one to do something exciting but Im not sure he will do that much with or for BTC.
The price move slowly therefore it seems what will happen next is it grow or is it down, this confusion every person's mind who invest in the cryptocurrency market .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.
It's checked and it was around 5 sats for the minimum fee and now, 1 sats? This is the first time it is seen the minimum fees into the network is 1sat. It means the Bitcoin network isn't congested, good to see if the transaction .
Cant really tell much because its always been like this on where its really unpredictable on where it would be going or heading specially if its really moving sideways on where certain trends could really make out some new It's checked and it was around 5 sats for the minimum fee and now, 1 sats? This is the first time it is seen the minimum fees into the network is 1sat. It means the Bitcoin network isn't congested, good to see if the transaction .
move neither it would go down or go up basing on some conditions whether its a positive one or negative one or doesnt really have any viable reasons at all. If you've been here on this market for a while
then you do see the ups and downs on where events and sentimental that could possibly affect the current price which causes for it to move on unexpected manner.
Thing here is that you do know on how to position yourself.
The price move slowly therefore it seems what will happen next is it grow or is it down, this confusion every person's mind who invest in the cryptocurrency market .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.
It's checked and it was around 5 sats for the minimum fee and now, 1 sats? This is the first time it is seen the minimum fees into the network is 1sat. It means the Bitcoin network isn't congested, good to see if the transaction .
It's checked and it was around 5 sats for the minimum fee and now, 1 sats? This is the first time it is seen the minimum fees into the network is 1sat. It means the Bitcoin network isn't congested, good to see if the transaction .
Probably it is a calm before the storm, I might have to sell some right now and then buy back when the prices go down again, hodling alone isn't going to be enough for me since I need to make more money because I plan to diversify.
That, If Btc price goes down.
Weak hands have probably left the market already as the mempool has been cleared out.
However, a dip might be possible because of the FUD surrounding in every social media nowadays, but it doesn't seem to be affecting the price. Let's see how it turns out in the last week of this month.
The storm could be a sharp decline or a huge bounce to $50,000.
Probably it is a calm before the storm, I might have to sell some right now and then buy back when the prices go down again, hodling alone isn't going to be enough for me since I need to make more money because I plan to diversify.
Day trader will sell their bitcoin even though the price is currently down. Different thing are done by bitcoin holder in the long term aiming to make profit in the long term and they don't think much about price fluctuation. You definitely know who will win and who will lose in these trade and investment while price keep fluctuating. 
It looks like Musk is up to something again ...
https://twitter.com/elonmusk/status/1408375014261395462?s=20
https://twitter.com/elonmusk/status/1408375014261395462?s=20
Probably it is a calm before the storm, I might have to sell some right now and then buy back when the prices go down again, hodling alone isn't going to be enough for me since I need to make more money because I plan to diversify.
That, If Btc price goes down.
Weak hands have probably left the market already as the mempool has been cleared out.
However, a dip might be possible because of the FUD surrounding in every social media nowadays, but it doesn't seem to be affecting the price. Let's see how it turns out in the last week of this month.
The storm could be a sharp decline or a huge bounce to $50,000.
Probably it is a calm before the storm, I might have to sell some right now and then buy back when the prices go down again, hodling alone isn't going to be enough for me since I need to make more money because I plan to diversify.
That, If Btc price goes down.
Weak hands have probably left the market already as the mempool has been cleared out.
However, a dip might be possible because of the FUD surrounding in every social media nowadays, but it doesn't seem to be affecting the price. Let's see how it turns out in the last week of this month.
The storm could be a sharp decline or a huge bounce to $50,000.
I browse crypto Twitter from time to time and the way the sentiment shifts is crazy. Today everybody is bullish. Yesterday everybody was bearish, before that it was vice versa and so on.
We are basically trading the range here from $30-41k or so. We can stay in this range until late Aug and people are going to get chopped to bits trying to long or short this. Hence best to wait for confirmation on the upside or downside first.
If you ask me this is just one more reason to stay away from social media, I see the same, the price is not moving and it is trapped within that range which means this is not the moment to take a firm stance about the price going in one direction or the other, however if I had to guess I think the market will continue its bull run as what we saw a few moths ago with the ATH is something we have never seen before, so I do not think that was the maximum price we could reach during this year. We are basically trading the range here from $30-41k or so. We can stay in this range until late Aug and people are going to get chopped to bits trying to long or short this. Hence best to wait for confirmation on the upside or downside first.
Actually the price never been stable since this year and currently the price now is at 34k which is if we are waiting for it to come down again before buying it, it might be late, so what we have to do provided that the fiat or physical cash is there, is to buy and keep since the price is still within the range of 30k to 40k hopping that it will increase to to 50k to 60k before the year run down.
well , i just thought $220k still play like max keiser says, many institutional come like grayscale, microstrategy, even country like el salvador , and the price just still stand under 100k , itsn't funny to you ? , i prefer storm on positive think, its not over yet.
Definitely no one is arguing the fact that bitcoin price will not accelerate again, but the problem is that many people are emphasising negative concerning bitcoin price, without flashback of previous years via Bitcoin price, in 2019 and 2020, the price has not gotten to this length except in the year 2017 bitcoin price made a hugged move, so comparing the values to now, it seems that their is a lot of differences, so the price will return to initial values of 2021, let us skip prediction because predicting bitcoin price is just like assumptions, so it does not work from my perspective.
Exactly my thoughts, I know that bitcoin is volatile and unpredictable but all these guys keep trying to do it anyway, I get that it could go down to 10k I know that it can go up to 100k, why worry about it right now and let it decide on my emotions to feel scared or feel happy, I just let it be and move on with my day.I do not even think about crypto some days, I just do what I do, I work and then I watch some movies and sleep without ever thinking about what bitcoin is doing. That is why I believe people who make a lot of analysis on the bitcoin price are just working themselves over for absolutely nothing. Is there a chance that you could predict it? There is a chance, but if you can do it today then you may not do it tomorrow and it is always a risk and that is why you should not do it at all. I can't say how much it would make you lose but it is still way too risky.
Actually the price never been stable since this year and currently the price now is at 34k which is if we are waiting for it to come down again before buying it, it might be late, so what we have to do provided that the fiat or physical cash is there, is to buy and keep since the price is still within the range of 30k to 40k hopping that it will increase to to 50k to 60k before the year run down.
well , i just thought $220k still play like max keiser says, many institutional come like grayscale, microstrategy, even country like el salvador , and the price just still stand under 100k , itsn't funny to you ? , i prefer storm on positive think, its not over yet.
Actually the price never been stable since this year and currently the price now is at 34k which is if we are waiting for it to come down again before buying it, it might be late, so what we have to do provided that the fiat or physical cash is there, is to buy and keep since the price is still within the range of 30k to 40k hopping that it will increase to to 50k to 60k before the year run down.
well , i just thought $220k still play like max keiser says, many institutional come like grayscale, microstrategy, even country like el salvador , and the price just still stand under 100k , itsn't funny to you ? , i prefer storm on positive think, its not over yet.
Actually the price never been stable since this year and currently the price now is at 34k which is if we are waiting for it to come down again before buying it, it might be late, so what we have to do provided that the fiat or physical cash is there, is to buy and keep since the price is still within the range of 30k to 40k hopping that it will increase to to 50k to 60k before the year run down.
well , i just thought $220k still play like max keiser says, many institutional come like grayscale, microstrategy, even country like el salvador , and the price just still stand under 100k , itsn't funny to you ? , i prefer storm on positive think, its not over yet.
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.
Actually the price never been stable since this year and currently the price now is at 34k which is if we are waiting for it to come down again before buying it, it might be late, so what we have to do provided that the fiat or physical cash is there, is to buy and keep since the price is still within the range of 30k to 40k hopping that it will increase to to 50k to 60k before the year run down. 
I don't think there is a bull trap here, maybe catching a falling knife scenario.
It is neither. This is simply bitcoin going sideways, min is $30k and max is $40k. This type of trend is very common during big bull runs specially when they are accompanied by a large scale FUD campaign. Quote
Not sure what causes another dump, maybe there are news that affected that price to go down again.
It is the same thing over and over again, as I said it is sideways. Price went from $30k to $40k then came back to $30k and will go back up to $40k again.We could of course analyze it a bit more and associate it with some FUD about mining that started circulating again when the price came down but it was simply because the whalecumulators haven't been done accumulating so price wasn't ready to break $40k for now.
You can go back on charts and watch the same EXACT thing during the time when price was stuck in $3k and kept going up to $4k and came back down multiple times before it could break it and shoot to $8k in about a month.
I browse crypto Twitter from time to time and the way the sentiment shifts is crazy. Today everybody is bullish. Yesterday everybody was bearish, before that it was vice versa and so on.
We are basically trading the range here from $30-41k or so. We can stay in this range until late Aug and people are going to get chopped to bits trying to long or short this. Hence best to wait for confirmation on the upside or downside first.
We are basically trading the range here from $30-41k or so. We can stay in this range until late Aug and people are going to get chopped to bits trying to long or short this. Hence best to wait for confirmation on the upside or downside first.
I don't think there is a bull trap here, maybe catching a falling knife scenario.
And since we briefly touch $40k, the price seems to go down to $34k, would like to see it going up to $36k, at least we are on the higher ups of $30'ish, but it seems that there are more selling this weekends. Not sure what causes another dump, maybe there are news that affected that price to go down again. But we will see, the market is very volatile, a jump or a dump of ~2k in 24 looks like the norm in today's bearish cycle.
I think that what we are seeing is a bear trap, the number of traders and money going short on bitcoin has increased dramatically which means that whales can liquidate those traders by pumping the market and erase all the resistance that has been accumulating, they have not done so because they are happy buying at the current price, but as soon as that changes then we are bound to see some rapid growth and a bunch of traders complaining about the volatility of bitcoin and the fact they lost everything. And since we briefly touch $40k, the price seems to go down to $34k, would like to see it going up to $36k, at least we are on the higher ups of $30'ish, but it seems that there are more selling this weekends. Not sure what causes another dump, maybe there are news that affected that price to go down again. But we will see, the market is very volatile, a jump or a dump of ~2k in 24 looks like the norm in today's bearish cycle.
Not sure what causes another dump, maybe there are news that affected that price to go down again. But we will see, the market is very volatile
There are 2 things here:
1. Week-end movements are not to be trusted. As simple as that.
2. The hash rate has dropped again and some were telling on twitter that mining got halted completely in Sichuan area. I don't know if it's true or not, but it can easily trigger some panic sales.
I don't think there is a bull trap here, maybe catching a falling knife scenario.
And since we briefly touch $40k, the price seems to go down to $34k, would like to see it going up to $36k, at least we are on the higher ups of $30'ish, but it seems that there are more selling this weekends. Not sure what causes another dump, maybe there are news that affected that price to go down again. But we will see, the market is very volatile, a jump or a dump of ~2k in 24 looks like the norm in today's bearish cycle.
I guess there were few people who believed that 40k was tested before this and failed and it will not break it again so they sold and this is the result. I would like to remind everyone that while we had the huge bull run from under 10k to over 60k, we stopped at under 20k, price moved between 19.6k levels to 17.8k levels, it went up and down many times before it broke 20k+, same happened around 50k price as well, it went up 50k and down under 50k many many times before we moved to 60k+ levels.And since we briefly touch $40k, the price seems to go down to $34k, would like to see it going up to $36k, at least we are on the higher ups of $30'ish, but it seems that there are more selling this weekends. Not sure what causes another dump, maybe there are news that affected that price to go down again. But we will see, the market is very volatile, a jump or a dump of ~2k in 24 looks like the norm in today's bearish cycle.
All I am saying is that just because it is trying to go up and failing doesn't mean that it will fail as well, it just means that it failed but it could still go up after a while as well, that is why I believe there is still a chance that we could go up 40k+ level if we insist on it, all we need is a consistent increase in the price for now and that will help us.
I do not know what is going to happen, but I still think there is no "major" moves coming up any time soon. Under 30k is "that" far off right now, with like a 30-40% drop it could happen but I feel like those big moves are done, we are depleted, nobody is buying a huge sum and nobody is selling a huge sum. People who want to buy do not want to buy now since it dropped and there is a chance it can drop more, but people who sell do not want to sell any less because we came from such high prices.
I do not see it going down at that level and I feel like there is going to be a good amount of chances for us to go back up again but while we have that chance we need to make a profit during that period and that will allow us to go higher and higher and it will be a lot better, it is just simply possible but depends on us.Although the price goes up at the moment still we cannot trust this movement since I'm afraid we might caught by a bull trap that's why we need to do a extra precaution since anything is possible now especially the fear to hold is happening. I do agree that its goof for us to earn during that period but in some other case other people cannot do that since they already burned by last dump happened in the market.
I don't think there is a bull trap here, maybe catching a falling knife scenario.
And since we briefly touch $40k, the price seems to go down to $34k, would like to see it going up to $36k, at least we are on the higher ups of $30'ish, but it seems that there are more selling this weekends. Not sure what causes another dump, maybe there are news that affected that price to go down again. But we will see, the market is very volatile, a jump or a dump of ~2k in 24 looks like the norm in today's bearish cycle.
I do not know what is going to happen, but I still think there is no "major" moves coming up any time soon. Under 30k is "that" far off right now, with like a 30-40% drop it could happen but I feel like those big moves are done, we are depleted, nobody is buying a huge sum and nobody is selling a huge sum. People who want to buy do not want to buy now since it dropped and there is a chance it can drop more, but people who sell do not want to sell any less because we came from such high prices.
I do not see it going down at that level and I feel like there is going to be a good amount of chances for us to go back up again but while we have that chance we need to make a profit during that period and that will allow us to go higher and higher and it will be a lot better, it is just simply possible but depends on us.Although the price goes up at the moment still we cannot trust this movement since I'm afraid we might caught by a bull trap that's why we need to do a extra precaution since anything is possible now especially the fear to hold is happening. I do agree that its goof for us to earn during that period but in some other case other people cannot do that since they already burned by last dump happened in the market.
We should not remove the probabilities of fake bull traps and bear traps where it could happen from time to time this is why we should really be wise and careful.
We dont know on what comes next but based off with experience we do have at least some idea on what to do.
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.
Sadly they're succeeding, the fud with the old strick are still working because every bullish market brings in new set of noobs that haven't have to endure the winter of the market were everything is declining daily. When they see the bloodbath they just panic as they're not used to it.
Looking at how the market is paying out, I believe we have future fud coming, the decline isn't done yet although that doesn't mean I'm bearish on bitcoin. For the long term the sentiment is bullsih as I believe we'll be going into the main bear market late next year.
But for the short term, If we're to dip below $30k then you'll see the selling incoming in as the weak hands left would want to sell out especially those that bought at the $20k milestone we crossed few months back.
Although the price goes up at the moment still we cannot trust this movement since I'm afraid we might caught by a bull trap that's why we need to do a extra precaution since anything is possible now especially the fear to hold is happening. I do agree that its goof for us to earn during that period but in some other case other people cannot do that since they already burned by last dump happened in the market.
I do not trust not because of what it could be, but because of what it was. We have seen 40k during this period and then it did went down once again, so that means the price could always drop as well as it could go up.For the past 1 month I have believed that as long as there is no huge movement like go to 50k+ or go to 20k type of huge movement, then the price will keep stay around these prices, 35k to 40k is where we create a huge foundation and then work from there, either it will go down or go up but I think it is not going to change for now, all that future movement will be based on this huge price movement at around 35 to 40 price range.
Remember same happened with 5-10k range, it didn't move above 10k that frequently and didn't went under 5k that frequently neither, then we did the big move, maybe it will be like that until the next bull run?
I do not know what is going to happen, but I still think there is no "major" moves coming up any time soon. Under 30k is "that" far off right now, with like a 30-40% drop it could happen but I feel like those big moves are done, we are depleted, nobody is buying a huge sum and nobody is selling a huge sum. People who want to buy do not want to buy now since it dropped and there is a chance it can drop more, but people who sell do not want to sell any less because we came from such high prices.
I do not see it going down at that level and I feel like there is going to be a good amount of chances for us to go back up again but while we have that chance we need to make a profit during that period and that will allow us to go higher and higher and it will be a lot better, it is just simply possible but depends on us.Although the price goes up at the moment still we cannot trust this movement since I'm afraid we might caught by a bull trap that's why we need to do a extra precaution since anything is possible now especially the fear to hold is happening. I do agree that its goof for us to earn during that period but in some other case other people cannot do that since they already burned by last dump happened in the market.
I do not know what is going to happen, but I still think there is no "major" moves coming up any time soon. Under 30k is "that" far off right now, with like a 30-40% drop it could happen but I feel like those big moves are done, we are depleted, nobody is buying a huge sum and nobody is selling a huge sum. People who want to buy do not want to buy now since it dropped and there is a chance it can drop more, but people who sell do not want to sell any less because we came from such high prices.
It will not take that long before it can make a big move, I mean it is not something that is sustainable to keep it at the same price for a very long time. Bitcoin is a volatile thing because there are no rules here, we do whatever we want and that makes it more manipulative and that is why the prices change all the time. That is why I believe there is a good chance we could end up with something very good or something very bad but it all depends on what we will do with the situation given, but it will not be the same for a very long time.I do not see it going down at that level and I feel like there is going to be a good amount of chances for us to go back up again but while we have that chance we need to make a profit during that period and that will allow us to go higher and higher and it will be a lot better, it is just simply possible but depends on us.
What is interesting is that a few days ago someone opened some $500,000,000 short position on bitcoin. That position is currently underwater, I think the average fill was like $36K or so. Nobody knows why they would open a position so big. Maybe they know something. However there is no other reason to open a position this big really. You can't make much profits by doing a cash and carry since the short is costing him more.
There is a good chance that this position might eventually get claimed by the user depositing the BTC and just closing the position without moving price. This happened before actually and when the position was opened was a top pretty much. Then a few days later they just claimed the position. Most likely did it not to move the markets too much.
There is a good chance that this position might eventually get claimed by the user depositing the BTC and just closing the position without moving price. This happened before actually and when the position was opened was a top pretty much. Then a few days later they just claimed the position. Most likely did it not to move the markets too much.
I do not know what is going to happen, but I still think there is no "major" moves coming up any time soon. Under 30k is "that" far off right now, with like a 30-40% drop it could happen but I feel like those big moves are done, we are depleted, nobody is buying a huge sum and nobody is selling a huge sum. People who want to buy do not want to buy now since it dropped and there is a chance it can drop more, but people who sell do not want to sell any less because we came from such high prices.
Lets see how the current push will take us, i am also looking at how far we will stumble at the present resistance and i am not expecting the price to go below $30k right now, even if the market fails to break the resistance we might see the price gaining momentum once again after a minor correction and how long we will trade in a range is difficult to predict.Resistance should be in the $42k range, so far we haven't breach it, the market is fluctuating heavily, but what I expect the Asian market is pushing it hard past $40k but I don't think it will have enough momentum to $42k.
So this is critical, if the price don't break that barrier, we might see another minor correction ~$40k. Let's see how it goes, gonna be exciting week for crypto investors and traders.
I do not know what is going to happen, but I still think there is no "major" moves coming up any time soon. Under 30k is "that" far off right now, with like a 30-40% drop it could happen but I feel like those big moves are done, we are depleted, nobody is buying a huge sum and nobody is selling a huge sum. People who want to buy do not want to buy now since it dropped and there is a chance it can drop more, but people who sell do not want to sell any less because we came from such high prices.
Lets see how the current push will take us, i am also looking at how far we will stumble at the present resistance and i am not expecting the price to go below $30k right now, even if the market fails to break the resistance we might see the price gaining momentum once again after a minor correction and how long we will trade in a range is difficult to predict.Lets wait and see on what would happen on next weeks or months to come and we need some adoption sentiment that could push up the price up.
It is actually hard to predict on where these prices could possibly go and as usual with this market where everything cant be known and which makes it
hard.
I do not know what is going to happen, but I still think there is no "major" moves coming up any time soon. Under 30k is "that" far off right now, with like a 30-40% drop it could happen but I feel like those big moves are done, we are depleted, nobody is buying a huge sum and nobody is selling a huge sum. People who want to buy do not want to buy now since it dropped and there is a chance it can drop more, but people who sell do not want to sell any less because we came from such high prices.
Lets see how the current push will take us, i am also looking at how far we will stumble at the present resistance and i am not expecting the price to go below $30k right now, even if the market fails to break the resistance we might see the price gaining momentum once again after a minor correction and how long we will trade in a range is difficult to predict. I had always thought it would be like a resting dragon again and I wouldn't mind that. After all, it had happened a lot of times before where after a dump it calms down for months.
$40k. Same assumption, like it's a trap to cut the small grass away before it goes higher. For some it will be a good deal, they could think it might be the right price to sell for ROI or whatever reasons they have. I think a short small dump will happen again this week.
Yeah, it is still holding off strong and I hope that it will continue to do that for a while and I am sure that will stay the same as well. I know 30 and 40 is a big range but that seems to be our limit, we are failing to go above 41k but we are insisting on not going under 30k, that is why I care about the current situation.$40k. Same assumption, like it's a trap to cut the small grass away before it goes higher. For some it will be a good deal, they could think it might be the right price to sell for ROI or whatever reasons they have. I think a short small dump will happen again this week.
I do not know what is going to happen, but I still think there is no "major" moves coming up any time soon. Under 30k is "that" far off right now, with like a 30-40% drop it could happen but I feel like those big moves are done, we are depleted, nobody is buying a huge sum and nobody is selling a huge sum. People who want to buy do not want to buy now since it dropped and there is a chance it can drop more, but people who sell do not want to sell any less because we came from such high prices.
Let's not get too excited yet, we will observe and see if it will continue to rise, hopefully it's not only a bull trap like what we've seen before.
As bitcoin rises today, the fees have also increased and it seems like more transactions are happening now.
it's not anymore empty as you can see here https://mempool.space/
Fees are high means people are investing in bitcoin again.
I had always thought it would be like a resting dragon again and I wouldn't mind that. After all, it had happened a lot of times before where after a dump it calms down for months. As bitcoin rises today, the fees have also increased and it seems like more transactions are happening now.
it's not anymore empty as you can see here https://mempool.space/
Fees are high means people are investing in bitcoin again.
$40k. Same assumption, like it's a trap to cut the small grass away before it goes higher. For some it will be a good deal, they could think it might be the right price to sell for ROI or whatever reasons they have. I think a short small dump will happen again this week.
The past month has been one of the most boring in terms of bitcoin price movement since beginning of this year. It seems the two main arguments supporting and dismissing the bitcoin price movement are finally becoming clear. BTC could be witnessing the "calm before the storm". Maybe up, maybe down, but hopefully up...
and finally! Bitcoin really broke out of the first resistance, and the second resistance was at $40k, if you can breakout from there there is a chance Bitcoin will continue to $42k, strong resistance is at $42k,
if it hasn't made it past $42k don't try to buy with bags a lot, just buy it to get profit, mate, don't be greedy
And it finally happened! A break above $40,000 finally ends the long downtrend. I'm curious to see if BTC can hold above that level.
BTC might experience another corrective drop, at worst it could be stuck between 32,000 and 35,000 range again. But I hope that won't happen and that a new attack on ATH will continue.
Let's not get too excited yet, we will observe and see if it will continue to rise, hopefully it's not only a bull trap like what we've seen before.
As bitcoin rises today, the fees have also increased and it seems like more transactions are happening now.
it's not anymore empty as you can see here https://mempool.space/
Fees are high means people are investing in bitcoin again.
The past month has been one of the most boring in terms of bitcoin price movement since beginning of this year. It seems the two main arguments supporting and dismissing the bitcoin price movement are finally becoming clear. BTC could be witnessing the "calm before the storm". Maybe up, maybe down, but hopefully up...
and finally! Bitcoin really broke out of the first resistance, and the second resistance was at $40k, if you can breakout from there there is a chance Bitcoin will continue to $42k, strong resistance is at $42k,
if it hasn't made it past $42k don't try to buy with bags a lot, just buy it to get profit, mate, don't be greedy
And it finally happened! A break above $40,000 finally ends the long downtrend. I'm curious to see if BTC can hold above that level.
BTC might experience another corrective drop, at worst it could be stuck between 32,000 and 35,000 range again. But I hope that won't happen and that a new attack on ATH will continue.
...it's time for the community to take action and buy and encourage people to buy Bitcoin, we have to prove to Elon that we can stand on our own.
Community is as strong as its weakest links, and weak hands are unfortunately always weak hands - which means that we cannot act as one mind or collective consciousness, as is the case with the fictional Borg collective. Difference and uniqueness between people is what makes us special. Another thing is very important, and that is that you never push people into risky investments - everyone should decide for themselves what to do with their money, because it is not pleasant to be responsible in case someone suffers a financial loss because of you.
$40k-$42k is the big barrier, I believed that if we can break it today, we will have a good break out run. I can't remember, but we have been trying to break that big wall of $40k and we have tried like five times already and we always failed. I do hope this time we will be successful.
After a few weeks in the $34-38k level, we finally bridge the $40k level, this is another shot for a big run, I hope this is the start of something big for us, and Elon stop spreading FUD on Bitcoin, it's time for the community to take action and buy and encourage people to buy Bitcoin, we have to prove to Elon that we can stand on our own.
What a difference 24 hour can make. Yesterday I made a post here saying that things are not looking good and most likely we will retest $30K and break then. And we are almost at $40K right now. I took a short at $36K and it didn't work. Because yesterday it looked like it was going to break-down.
Same response here, wasn't checking the price as regularly as I would because I give up. And then 6 hours ago, I did check and I was surprised that it did go to $38k. Now we are in the $39k'ish. I even have to break the news to some of my crypto friends about the dramatic price increase in the last 24 hours.However whether the Elon tweet had anything to do with it or not we will most likely break $40K soon and probably retest that $42K resistance. Very crazy how it completly turns around on you when you start getting bearish. So most likely when everyone gets bullish it'll go back down probably.
$40k-$42k is the big barrier, I believed that if we can break it today, we will have a good break out run. I can't remember, but we have been trying to break that big wall of $40k and we have tried like five times already and we always failed. I do hope this time we will be successful. 
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.
We also saw this in 2017 when the last Bull run in taking place, there was so much FUD
from different sources (cant remember offhand) but it only affected Bitcoin in the
short term, just like what has happened over the last number of weeks, we now seem
to have gone through a consolidation phase and hope to crash past the $40 mark.
Patience is the key as we build the demand again.
What a difference 24 hour can make. Yesterday I made a post here saying that things are not looking good and most likely we will retest $30K and break then. And we are almost at $40K right now.
It was week-end and imho the movements from week-ends are not to be trusted.
It's interesting that it already goes up though, since lately Mondays were coming with price decreases more often than growths.
This is not first time Bitcoin trying to penetrate $40K wall, yet incapable to do.
Yet, it's very close to that level.
I won't definitely say it'll go in this or that direction. I just don't know now what to expect on short term. One week ago I thought/hoped that we'll be past 45k by now. I guess that we just need a bit more patience.
What a difference 24 hour can make. Yesterday I made a post here saying that things are not looking good and most likely we will retest $30K and break then. And we are almost at $40K right now. I took a short at $36K and it didn't work. Because yesterday it looked like it was going to break-down.
However whether the Elon tweet had anything to do with it or not we will most likely break $40K soon and probably retest that $42K resistance. Very crazy how it completly turns around on you when you start getting bearish. So most likely when everyone gets bullish it'll go back down probably.
This is not first time Bitcoin trying to penetrate $40K wall, yet incapable to do. However, Bitcoin resembles a pleasant purchase to retest $40K then maybe $42K would happen. I'm not amazed to see Bitcoin above $42,000 by next weekend or either way could happen. I wish Bitcoin could manage to go independently this time. However whether the Elon tweet had anything to do with it or not we will most likely break $40K soon and probably retest that $42K resistance. Very crazy how it completly turns around on you when you start getting bearish. So most likely when everyone gets bullish it'll go back down probably.
What a difference 24 hour can make. Yesterday I made a post here saying that things are not looking good and most likely we will retest $30K and break then. And we are almost at $40K right now. I took a short at $36K and it didn't work. Because yesterday it looked like it was going to break-down.
However whether the Elon tweet had anything to do with it or not we will most likely break $40K soon and probably retest that $42K resistance. Very crazy how it completly turns around on you when you start getting bearish. So most likely when everyone gets bullish it'll go back down probably.
However whether the Elon tweet had anything to do with it or not we will most likely break $40K soon and probably retest that $42K resistance. Very crazy how it completly turns around on you when you start getting bearish. So most likely when everyone gets bullish it'll go back down probably.
The past month has been one of the most boring in terms of bitcoin price movement since beginning of this year. It seems the two main arguments supporting and dismissing the bitcoin price movement are finally becoming clear. BTC could be witnessing the "calm before the storm". Maybe up, maybe down, but hopefully up...
and finally! Bitcoin really broke out of the first resistance, and the second resistance was at $40k, if you can breakout from there there is a chance Bitcoin will continue to $42k, strong resistance is at $42k,
if it hasn't made it past $42k don't try to buy with bags a lot, just buy it to get profit, mate, don't be greedy
Right now Bitcoin is trying to get past the $40k resistance, hopefully it can happen in the near future. If it makes it past $40k, the next one should
get past $42k. I agree with you, we should buy Bitcoin before it crosses the $42k price. Because if Bitcoin manages to cross the $42k price,
what happens is that Bitcoin will continue to rise rapidly to higher prices. And we will regret not taking advantage of the opportunity now to buy
Bitcoin at the current price. But remember don't buy Bitcoin with all the capital we have, just in case Bitcoin goes down again. It is better when
investing in Bitcoin is gradual and don't be greedy because you are carried away by emotions.
Things are not looking good to be honest and I think we will at the very least retest $30K one more this, and quite possbility break this time. Reason being is that we had good news like El Salvador and Saylor however we still failed to go to $40K.
Mempool for both ETH and BTC is empty. Volumes are low everything. Futures OI is low. NFTs and DEfi hype seems to have died down. And by the looks of things seems all the retail people went back to stocks and are buying AMC and BB again to form a short squeeze.
Or it could just be a slow summer. We might not get any decent action until Fall.
Patience, calm and discernment are essentials this summer. Now, Of course, the main developments are still G7, Taproot, El Salvado ... even Elon's tweet - Tesla( again, accept bitcoin Mempool for both ETH and BTC is empty. Volumes are low everything. Futures OI is low. NFTs and DEfi hype seems to have died down. And by the looks of things seems all the retail people went back to stocks and are buying AMC and BB again to form a short squeeze.
Or it could just be a slow summer. We might not get any decent action until Fall.
). The light of dawn has returned after patience and calm with very intense holding plans. I think , Hold will win. 
We should see mempool fill up again now that difficulty adjustment kicks in. Got all my urgent txs out to weather the small swell we should see.
A bit surprised there wasn't a bigger price action on the weekend though... Maybe some last min Sunday swings before our Far East friends take over?
A bit surprised there wasn't a bigger price action on the weekend though... Maybe some last min Sunday swings before our Far East friends take over?
The past month has been one of the most boring in terms of bitcoin price movement since beginning of this year. It seems the two main arguments supporting and dismissing the bitcoin price movement are finally becoming clear. BTC could be witnessing the "calm before the storm". Maybe up, maybe down, but hopefully up...
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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.
Sadly they're succeeding, the fud with the old strick are still working because every bullish market brings in new set of noobs that haven't have to endure the winter of the market were everything is declining daily. When they see the bloodbath they just panic as they're not used to it.
Looking at how the market is paying out, I believe we have future fud coming, the decline isn't done yet although that doesn't mean I'm bearish on bitcoin. For the long term the sentiment is bullsih as I believe we'll be going into the main bear market late next year.
But for the short term, If we're to dip below $30k then you'll see the selling incoming in as the weak hands left would want to sell out especially those that bought at the $20k milestone we crossed few months back.
Things are not looking good to be honest and I think we will at the very least retest $30K one more this, and quite possbility break this time. Reason being is that we had good news like El Salvador and Saylor however we still failed to go to $40K.
Mempool for both ETH and BTC is empty. Volumes are low everything. Futures OI is low. NFTs and DEfi hype seems to have died down. And by the looks of things seems all the retail people went back to stocks and are buying AMC and BB again to form a short squeeze.
Or it could just be a slow summer. We might not get any decent action until Fall.
Mempool for both ETH and BTC is empty. Volumes are low everything. Futures OI is low. NFTs and DEfi hype seems to have died down. And by the looks of things seems all the retail people went back to stocks and are buying AMC and BB again to form a short squeeze.
Or it could just be a slow summer. We might not get any decent action until Fall.
Speculative activity can be deceptive in its process, it fills the space overwhelms the landscape with noise and then can equally disappear and leave a void, a silence which upsets many who expected a consistent crescendo without any rest. Its not new we'll recover and for sure it takes more time to go through these prices from start of 2021.
I still think BTC is positive trending but froth is not a positive description though it can be very profitable its not that surprising we must take some time to find the real back bone to the blockchain and thats time and requiring more real action then just orders on an exchange for any strength to show through. Lots of impatient people, still we got the natural usage of BTC and I will be using BTC quite alot into this weakness in the useful way it helps me transfer value through digital items and the usual gambling and all kinds of online activity is always far more important then the hype.
If theres a storm dont be afraid in that time.
I still think BTC is positive trending but froth is not a positive description though it can be very profitable its not that surprising we must take some time to find the real back bone to the blockchain and thats time and requiring more real action then just orders on an exchange for any strength to show through. Lots of impatient people, still we got the natural usage of BTC and I will be using BTC quite alot into this weakness in the useful way it helps me transfer value through digital items and the usual gambling and all kinds of online activity is always far more important then the hype.
If theres a storm dont be afraid in that time.
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?
Even i was confused to see that the mempool was empty and i was seeing that after a very long time and literally i could not believe that and i initially thought something is wrong with my internet connect or the service provider as the fees they are showing even for faster transaction was a few Satoshi and i even made a transaction which went through within 20 minutes at a really low transaction fees. The volumes aren't great either, from what I've seen. Is everybody waiting for... something?
No idea what is awaiting us and hopefully we will see a huge rally once again in the coming months.
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.
The market crash has triggered a series of very big emotions, for now I think there is a tenuous calm that can make many reflect, the bearish will continue to attack, we just have to wait for the bulls to start countering:
It is expected that it can reach a recovery of the BTC market to almost $ 43k, this strong correction can give a good bulish rally, this in the medium term approximately.
Quote
The change in Bitcoin ownership and the change in HODLers profitability at the current price level are signals of an upcoming Bitcoin price rally. Besides the top two metrics that point towards a rally, the current drop in demand is indicative of Bitcoin’s price rally in the short term.
The price was at the $35000 level based on data from coinmarketcap.com and that was likely to change, as the price breaks past $40000, an important psychological support level.
Source: https://ambcrypto.com/these-bitcoin-metrics-point-to-a-move-to-this-price-in-the-next-2-weeks/The price was at the $35000 level based on data from coinmarketcap.com and that was likely to change, as the price breaks past $40000, an important psychological support level.
It is expected that it can reach a recovery of the BTC market to almost $ 43k, this strong correction can give a good bulish rally, this in the medium term approximately.
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.
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.
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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