The market has bounced - unexpected | Bitcointalksearch.org

lixer

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Quote from: Oasisman on May 25, 2021, 03:22:21 AM

I'm not sure but I guess Bitcoin won't drop below $30,000 at this current price pace. Infact, even with last week's sell off because of the regulation and taxation issues for Cryptocurrency didn't even drag Bitcoin below $30,000.
I honestly made a small profit after I bought somewhere at $33,000 last week, but I somehow felt regret for not buying more because I also waited for Bitcoin to at least touch the $20,000 level but It didn't.

We are in the same boat but I bought a very tiny amount (50 bucks) because that's all I had. I honestly do not see bitcoin going under 30k anytime soon at all, that was the bottom and we reached it and I believe something huge needs to happen before we could go under 30k. There needs to be a very bad news and a huge sell off again in order for that to happen and I doubt it would happen that quickly. All jokes aside we are doing fine and I doubt that it would happen anytime soon.

However the recovery seems to be doing great and I doubt that it would really matter all that much, there is a chance that we could be seeing over 45k and even maybe reach 50k as well in a month or so.

Lanatsa

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Quote from: tippytoes on May 25, 2021, 06:25:45 PM

Quote from: Johnyz on May 25, 2021, 06:18:20 PM

Bouncing back will always happen in cryptomarket especially that whales will always buy and that triggers the sign of reversal, don’t feel bad if you miss the opportunity at least you didn’t lose that much when the market dumps and of course, there’s always another dump market along the road just watch the market closely, we don’t know the bottom yet.

People always tend to regret for something that they should have done. But during that dip, they were scared of buying because for the fear that the market will continue to decline. But I believe, the adoption today is very different, so it can easily bounce back if there are good news that will pop up from time to time. Maybe, it is not too late, you can still buy today if you want, because, it may increase again. And then, when that happens, people will say again, they should have bought at this time.

Cant really be avoided for you to have that hesitance when the market is tending to crash on since we cant identify on what would be the possible bottom because if you do rely with

technical then you can presume but doesn't mean that it would be precise prediction for you to presume out that it would be a good entry point.

Cycle would always like this and this is where you should make out crucial decisions on times or events like this one.

tippytoes

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Quote from: Johnyz on May 25, 2021, 06:18:20 PM

Bouncing back will always happen in cryptomarket especially that whales will always buy and that triggers the sign of reversal, don’t feel bad if you miss the opportunity at least you didn’t lose that much when the market dumps and of course, there’s always another dump market along the road just watch the market closely, we don’t know the bottom yet.

People always tend to regret for something that they should have done. But during that dip, they were scared of buying because for the fear that the market will continue to decline. But I believe, the adoption today is very different, so it can easily bounce back if there are good news that will pop up from time to time. Maybe, it is not too late, you can still buy today if you want, because, it may increase again. And then, when that happens, people will say again, they should have bought at this time.

Johnyz

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Bouncing back will always happen in cryptomarket especially that whales will always buy and that triggers the sign of reversal, don’t feel bad if you miss the opportunity at least you didn’t lose that much when the market dumps and of course, there’s always another dump market along the road just watch the market closely, we don’t know the bottom yet.

magneto

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Quote from: romero121 on May 24, 2021, 05:12:14 PM

I felt bad of missing the opportunity, because I believed the market will go low to $25000. With ethereum I expected the price to reach down to $1500. Both made me get disappointed. Now I regret of missing the opportunity to make a buying. If I've bought it by the time of crash, now I could've recorded good profit.

Do you people have the same thinking as mine/you've invested at the right time, and do you think there is chance of price reaching down to $25k in the coming weeks.

Don't feel too bad not being able to time the market, because it is notoriously difficult.

If anyone was able to time the market with repeated success then they would be a billionaire. And there aren't that many billionaires out here in the world.

BTC could have well dropped below $25k if Musk did not come out with the recent positive developments, and that's just the reality of it. You should probably tweak your strategy a little bit so that you are able to take advantage of cheap coins even if your mental target isn't reached - e.g., through dollar cost averaging.

buwaytress

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Quote from: LUCKMCFLY on May 25, 2021, 11:44:21 AM

Not only has it rebounded but the bullish movement is still being managed, for analyst Mike McGlone of Bloomberg thinks that there is still the fact that BTC can reach $ 100k ----

Yeah, I know history isn't guaranteed to repeat itself, and really it's just the 2017 cycle that can really be compared to the current one -- in terms of volume, market maturity, diversity and participants, anyway -- but it's definitely playing out to the same composer's tune thus far, so we should expect a couple more retracements before that inexplicable boom to the true peak.

It would be really difficult to see another similar retracement-then-peak if we do reach $100k though. That would be for me the marker to strap in for the downward spiral marking the start of the new cycle.

Mr.Scott

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Quote from: Inspiron14 on May 25, 2021, 09:50:27 AM

why unexpected? many traders who want to buy bitcoin at $ 25k of course that will not happen,
follow the game of whales, and you will make it through this bear trap,
we know China is always the beginning of the collapse of the Bitcoin price, but it has been proven by bitcoin that they are will not be affected that deeply

It's early to call, this could be bull trap. So, I guess there will be another opportunity out their to grab at low. Personally I wouldn’t be interested in it, wait more. There is more news expected out of China however not until new investors buy so that they can lose money and leave the market. People can still get it for a cheaper price.

hatshepsut93

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It bounced because the price never goes in a straight line, there are always corrections, but it's still very unclear if we will return the the bullish trend or if the bear market will continue. So don't regret anything right now, because maybe tomorrow you'll find that it was the correct decision. Both buying and selling are extremely risky right now, because the future is very uncertain and a big move is coming.

LUCKMCFLY

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Not only has it rebounded but the bullish movement is still being managed, for analyst Mike McGlone of Bloomberg thinks that there is still the fact that BTC can reach $ 100k, something very smart on the part of this analyst:

Quote

“We’re pretty much in line with how we were performing in the same time frame for the 2017 cycle or cycle number three… The big thing I want to emphasize is whether you’re a fan of [the theory of expanding cycles] or not, historically speaking, three out of the four times from bottoms in the market, it is expected that the cycle’s going to go longer than the previous one. We can see that very very clearly. The gaps are synchronized. ..

All of the data here is pointing out a pretty obvious fact: that this is most likely – it’s not guaranteed – but it’s most likely not the end all be all of the market.”

Source: https://dailyhodl.com/2021/05/25/no-bitcoin-bear-market-in-sight-according-to-crypto-analyst-nicholas-merten/

It is very likely that based on what is explained, the bullish trend is running and that this is just a distraction for the weak hands to sell.

Inspiron14

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why unexpected? many traders who want to buy bitcoin at $ 25k of course that will not happen,
follow the game of whales, and you will make it through this bear trap,
we know China is always the beginning of the collapse of the Bitcoin price, but it has been proven by bitcoin that they are will not be affected that deeply

Gozie51

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You can only know you have taken the right decision of buying in deep or selling in the peak when the market favours your decision in the long run, apart from that nobody know the right time so we don't need to express regret. I don't think that the market has bounced back anyway because it is still early to say that. Bitcoin dropped to $32,000 but now appreciating to $37k isn't a guarantee that we are not seeing future deep.

Ararbermas

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Bitcoin and ethereum is good to buy now because they're are not the same before when market crashed .. What i mean is they are now starting to hold the support level and keep showing a sign that will never go below in the current price.. Infact at coinmarketcap bitcoin and ethereum is showing green seem the panick selling is ended in the market.

rodskee

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Quote from: romero121 on May 24, 2021, 05:12:14 PM

I felt bad of missing the opportunity, because I believed the market will go low to $25000. With ethereum I expected the price to reach down to $1500. Both made me get disappointed. Now I regret of missing the opportunity to make a buying. If I've bought it by the time of crash, now I could've recorded good profit.

Do you people have the same thinking as mine/you've invested at the right time, and do you think there is chance of price reaching down to $25k in the coming weeks.

you expected so bad mate , sometimes underestimating the market cost us trouble right? like what happened in march 2020 when we mostly did not expect a faster recovery in 2nd quarter and the runaway in fourth quarter.

I respect the market so much that's why when the price fell down to 33k i bought more again.

Oasisman

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Quote from: romero121 on May 24, 2021, 05:12:14 PM

Do you people have the same thinking as mine/you've invested at the right time, and do you think there is chance of price reaching down to $25k in the coming weeks.

I'm not sure but I guess Bitcoin won't drop below $30,000 at this current price pace. Infact, even with last week's sell off because of the regulation and taxation issues for Cryptocurrency didn't even drag Bitcoin below $30,000.
I honestly made a small profit after I bought somewhere at $33,000 last week, but I somehow felt regret for not buying more because I also waited for Bitcoin to at least touch the $20,000 level but It didn't.

Alpha_Black_Tech

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Only bought uniswap at $16 and sold part at $26, holding half now. Not sure if it will keep moving upwards.

bittraffic

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Quote from: romero121 on May 24, 2021, 05:12:14 PM

I felt bad of missing the opportunity, because I believed the market will go low to $25000. With ethereum I expected the price to reach down to $1500. Both made me get disappointed. Now I regret of missing the opportunity to make a buying. If I've bought it by the time of crash, now I could've recorded good profit.

Do you people have the same thinking as mine/you've invested at the right time, and do you think there is chance of price reaching down to $25k in the coming weeks.

Its not yet too late. Whichever price you buy as long as its below 40K that will do especially if you expect the price to go beyond $60K.

Bitcoin is adopted everywhere. A local influencer I've seen lately had switch his eyes to lacer and promoted a coin. Very unexpected because this guy is a political influencer but had invested in a coin, he is among the last person I would expect to join cryptocurrency.

philipma1957

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Quote from: romero121 on May 24, 2021, 05:12:14 PM

I felt bad of missing the opportunity, because I believed the market will go low to $25000. With ethereum I expected the price to reach down to $1500. Both made me get disappointed. Now I regret of missing the opportunity to make a buying. If I've bought it by the time of crash, now I could've recorded good profit.

Do you people have the same thinking as mine/you've invested at the right time, and do you think there is chance of price reaching down to $25k in the coming weeks.

I think you fucked up and missed a good chance to buy in cheap. I am sorry for you poor guess.

But I am only guessing and could be wrong so maybe you will get lucky and it drops soon down to 25k btc and 1500 eth

why not put in 2 buys for btc 1 at 25500 and one at 25050

along with 2 buys for ETH 1 at 1550 and 1 at 1510.

Or agree with my guess and say oh well I fucked up.

Wilhelm

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A good trade is one that initially feels really bad because you are buying a dip or selling on a peak “before” it reaches the pivot point.

ultrloa

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Quote from: romero121 on May 24, 2021, 05:12:14 PM

I felt bad of missing the opportunity, because I believed the market will go low to $25000. With ethereum I expected the price to reach down to $1500. Both made me get disappointed. Now I regret of missing the opportunity to make a buying. If I've bought it by the time of crash, now I could've recorded good profit.

Do you people have the same thinking as mine/you've invested at the right time, and do you think there is chance of price reaching down to $25k in the coming weeks.

I only bought ethereum this time since I didn't expect that we will bounce back again for second time and guess this bounce will continue as many hypes are now circulating on social medias, For sure those manipulators already done with fuss and bought at their target cheapest price so maybe it's time for them to accumulate and gain again.

carlfebz2

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Quote from: romero121 on May 24, 2021, 05:12:14 PM

I felt bad of missing the opportunity, because I believed the market will go low to $25000. With ethereum I expected the price to reach down to $1500. Both made me get disappointed. Now I regret of missing the opportunity to make a buying. If I've bought it by the time of crash, now I could've recorded good profit.

Do you people have the same thinking as mine/you've invested at the right time, and do you think there is chance of price reaching down to $25k in the coming weeks.

I did make out some buyback on 30k which i can say a very good call to make and that risk did paid off where i do also have the doubts that we might be plunging in 20k levels
if that crash did really continue to do so but luckily it did withheld and now we are seeing some recovery which is a good sign.

The market could neither crash or recover and this is only the two possible paths on where it could take and for those who took risk on buying back into those possible
or presumpt bottom price then its really making out some profits atm.

This is where you should be wise on when to get in and of course its normal to take risk because if you do just let yourself wait and sit
then you might be missing out the good chance.

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