The market is at the most oversold level

Silberman

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Quote from: redwine49 on February 09, 2022, 07:31:06 AM

short term investment for me is a good thing, because market conditions always change in a few days. what is very sad is that suddenly there is bad news about bitcoin and the price of bitcoin is in a fast free fall within a day or so. like yesterday's news from Russia and bitcoin treasury being banned, this makes it better for me to run short-term investments and the risk is not too high. always update the news so that we are always aware of what will happen

I honestly don't really believe the news really affects the bitcoin price. People or journalists often associate a story with the rise or fall of bitcoin.
Whatever the story is there will be bull news vs bear news.
When you listen to bull news but in reality the bear news wins and then sometimes.
When you listen to bear news but in reality the bull news wins.
In the end, news is not the only indicator to see where the bitcoin price is moving

What happens is that there is a very strong need for humans to give an explanation to what they see, and this has lead to the big discoveries that we have seen through history, however there is a dark side to this as well, in which people give an explanation based on their own misconceptions about the world and instead hide the truth, most of the time the price moves on demand and supply, however since that is not very attractive journalist need to create a boogeyman to explain why the market went down hard and this is why we see so many nonsensical articles over the internet trying to explain what is happening with the markets.

Ten98

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Quote from: redwine49 on February 09, 2022, 07:31:06 AM

Quote from: ?? on ??

short term investment for me is a good thing, because market conditions always change in a few days. what is very sad is that suddenly there is bad news about bitcoin and the price of bitcoin is in a fast free fall within a day or so. like yesterday's news from Russia and bitcoin treasury being banned, this makes it better for me to run short-term investments and the risk is not too high. always update the news so that we are always aware of what will happen

I honestly don't really believe the news really affects the bitcoin price. People or journalists often associate a story with the rise or fall of bitcoin.
Whatever the story is there will be bull news vs bear news.
When you listen to bull news but in reality the bear news wins and then sometimes.
When you listen to bear news but in reality the bull news wins.
In the end, news is not the only indicator to see where the bitcoin price is moving

What you are saying is very true because now many news journalists deliberately make news in two different versions to lure readers and provoke investors to panic in order to get out of the crypto market, so don't pay too much attention to news if it's just a piece of writing with the opposite reality.

Silberman

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Quote from: btc_angela on February 09, 2022, 05:30:29 AM

It seems we have some mini bull run in the market right now, almost in the 2T again. Some top alt coins have been in the 10% increased in the last 7 days, good indication that we might be in a sort of bullish phase. But I do believed that this is just very short run, but it's good to take advantage of the market and know how to make some money out of the spike in the alt coin market.

It seems that way, the results we are getting from the market right now are great but we cannot lower our guard, just as bitcoin has recovered relatively quickly from the correction that we saw we could always see yet another reversal and the price could go down, right now it is incredibly difficult to try to guess which direction the market is going to take that I think the best option is to simply hold our coins and wait until the situation is more clear, as the market has been moving erratically during the last weeks.

redwine49

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Quote from: ?? on ??

short term investment for me is a good thing, because market conditions always change in a few days. what is very sad is that suddenly there is bad news about bitcoin and the price of bitcoin is in a fast free fall within a day or so. like yesterday's news from Russia and bitcoin treasury being banned, this makes it better for me to run short-term investments and the risk is not too high. always update the news so that we are always aware of what will happen

I honestly don't really believe the news really affects the bitcoin price. People or journalists often associate a story with the rise or fall of bitcoin.
Whatever the story is there will be bull news vs bear news.
When you listen to bull news but in reality the bear news wins and then sometimes.
When you listen to bear news but in reality the bull news wins.
In the end, news is not the only indicator to see where the bitcoin price is moving

adiebitsler

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Quote from: ?? on ??

short term investment for me is a good thing, because market conditions always change in a few days. what is very sad is that suddenly there is bad news about bitcoin and the price of bitcoin is in a fast free fall within a day or so. like yesterday's news from Russia and bitcoin treasury being banned, this makes it better for me to run short-term investments and the risk is not too high. always update the news so that we are always aware of what will happen

Can you share the source of the news here because what I read on twitter is the opposite and Russia will also receive Bitcoin very well in the middle of February, so I want to know the source of the news you are reading because now there is a lot of FUD news about bitcoin which is still true very doubtful.

btc_angela

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It seems we have some mini bull run in the market right now, almost in the 2T again. Some top alt coins have been in the 10% increased in the last 7 days, good indication that we might be in a sort of bullish phase. But I do believed that this is just very short run, but it's good to take advantage of the market and know how to make some money out of the spike in the alt coin market.

bitgov

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Quote from: seleme on February 06, 2022, 05:42:09 PM

Oversold according to technical analysis, we can't ignore the other aspects of market analysis. Fundamental and sentimental analysis there for a reason, we have to check each part obviously before taking into consideration the final result that affects our trades or predictions. ADA SOL and other promising altcoins will gain back the market share lost in the bear session, we have to use the right timing and avoid the leverage for harvesting our profit in Bullrun. Institutional organizations take care of low market prices while new investors keep pushing their market analysis skills, just learn to swim with market trends.

In the cryptocurrency market, technical analysis does not work in the long term. However, in short moments, it can often be very accurate. Hopefully the calculations about oversold market will work out (which is happening right now, as long as it's not a bull trap), otherwise we'll have another very long bear market.

Scripture

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Quote from: seleme on February 06, 2022, 05:42:09 PM

Oversold according to technical analysis, we can't ignore the other aspects of market analysis. Fundamental and sentimental analysis there for a reason, we have to check each part obviously before taking into consideration the final result that affects our trades or predictions. ADA SOL and other promising altcoins will gain back the market share lost in the bear session, we have to use the right timing and avoid the leverage for harvesting our profit in Bullrun. Institutional organizations take care of low market prices while new investors keep pushing their market analysis skills, just learn to swim with market trends.

This is the reason why the price starts to recover, we are oversold and the next trend for this is to stop selling and start buying, eventually the price will recover. There’s a lot of good altcoins now is already rising, SOL and ADA is a good coin to hold, I also see a great future of holding it. The market is getting better now, lucky to those who bought at the bottom price.

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Oversold according to technical analysis, we can't ignore the other aspects of market analysis. Fundamental and sentimental analysis there for a reason, we have to check each part obviously before taking into consideration the final result that affects our trades or predictions. ADA SOL and other promising altcoins will gain back the market share lost in the bear session, we have to use the right timing and avoid the leverage for harvesting our profit in Bullrun. Institutional organizations take care of low market prices while new investors keep pushing their market analysis skills, just learn to swim with market trends.

Silberman

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Quote from: QueenVera on February 03, 2022, 12:54:49 PM

Quote from: andyou1234 on February 02, 2022, 01:06:12 PM

indeed the market seems to have reached oversold levels, but even so the market is still unpredictable and no one knows when there will be massive increases and decreases. but if you look at the market movements that have occurred in the last few days, it is very likely that crypto will return to the bullrun track, and is a sign that the bear market is coming to an end.

Those spike are not sign of bulls coming back instead they are just false breakout and it is unbelievable people are still fall for this market manipulation. Of you look at the price of the last bear market, Bitcoin is not oversold yet. Just a year ago Bitcoin was trading around $5000 an now trading above $30,000.

If we are been true to ourselves, the market has more correcting to do before we can begin a new cycle leading to the halving in 2024. Avoid altcoins at the moment as a dip from Bitcoin can send all the coins crashing and you would not want to be holding them when that happens

The difference now is that we have institutional investors, so it is unlikely that we are going to see the price crashing as much as it did in the past since they will protect their investment by buying more bitcoin, however while the growth we have seen during the last few days is welcome I agree with you that this does not imply that the bulls are back, and the price of bitcoin has high chances of remaining close to the current levels for a very long time.

redwine49

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Quote from: QueenVera on February 03, 2022, 12:54:49 PM

Quote from: andyou1234 on February 02, 2022, 01:06:12 PM

indeed the market seems to have reached oversold levels, but even so the market is still unpredictable and no one knows when there will be massive increases and decreases. but if you look at the market movements that have occurred in the last few days, it is very likely that crypto will return to the bullrun track, and is a sign that the bear market is coming to an end.

Those spike are not sign of bulls coming back instead they are just false breakout and it is unbelievable people are still fall for this market manipulation. Of you look at the price of the last bear market, Bitcoin is not oversold yet. Just a year ago Bitcoin was trading around $5000 an now trading above $30,000.

If we are been true to ourselves, the market has more correcting to do before we can begin a new cycle leading to the halving in 2024. Avoid altcoins at the moment as a dip from Bitcoin can send all the coins crashing and you would not want to be holding them when that happens

Yup, that's in the year 2020, we may never buy bitcoin at 5k$ again. I don't think it's likely we can comeback at 5k$.
This is a good correction before the next bitcoin cycle. Eliminate weak hands and non crypto believers who only want to earn profit.

I think a lot of new people have come out of crypto, this is a good sign to be ready

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Quote from: ?? on ??

Quote from: andyou1234 on February 02, 2022, 01:06:12 PM

indeed the market seems to have reached oversold levels, but even so the market is still unpredictable and no one knows when there will be massive increases and decreases. but if you look at the market movements that have occurred in the last few days, it is very likely that crypto will return to the bullrun track, and is a sign that the bear market is coming to an end.

It would be great if the Bear market could end soon this month because there are many people who are waiting for the price increase of all the coins that are already in the market even though things that involve speculation are still happening today.

Like they always say patience is the best quality to have in cryptos if you want to succeed. I am not hating you or anybody but why you guys cant seem to wait? Why you want the bear market to end as much as possible ? jut because you want to sell your coins? But, why not have more patience. Sure it is not easy but hard things are always rewarding.

Rewarding because when you hodl your coins a little longer, you are qualified for more all time high's. All time highs do not come often so do not miss the chance. On the other hand, there are people that have not entered yet or people that are not done yet buying for some reasons and I think they are also wishing that the bear can last a little longer.

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Quote from: andyou1234 on February 02, 2022, 01:06:12 PM

indeed the market seems to have reached oversold levels, but even so the market is still unpredictable and no one knows when there will be massive increases and decreases. but if you look at the market movements that have occurred in the last few days, it is very likely that crypto will return to the bullrun track, and is a sign that the bear market is coming to an end.

Those spike are not sign of bulls coming back instead they are just false breakout and it is unbelievable people are still fall for this market manipulation. Of you look at the price of the last bear market, Bitcoin is not oversold yet. Just a year ago Bitcoin was trading around $5000 an now trading above $30,000.

If we are been true to ourselves, the market has more correcting to do before we can begin a new cycle leading to the halving in 2024. Avoid altcoins at the moment as a dip from Bitcoin can send all the coins crashing and you would not want to be holding them when that happens

redwine49

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Quote from: ethereumhunter on February 03, 2022, 01:05:12 AM

Quote from: redwine49 on February 02, 2022, 10:36:58 AM

Quote from: ethereumhunter on February 02, 2022, 01:17:16 AM

Quote from: redwine49 on February 01, 2022, 10:04:17 PM

The last bear trend bitcoin down almost to 85% from alt of 20k$
This correction is still small

Yes, it is a small correction but the down is nearly half the last highest price. It is a bear trend, but it still makes us survive and the market has moved well so far. But we should calm down in any situation, no matter if the market is in a bear or bull market, because that is our way to use every moment for our advantage. If people believe that this moment is the bear market, they should buy back more bitcoin because the price reaches the low price level and hold it for some time. Or they can also have the opportunity to buy low and sell high so we can continue to profit from the current situation. That is how we should act based on the situations.

Base on the chart i'm not sure if this is a bear trend. We are still in a position in may and july last year and manage to reach new all time high.
Maybe they should buy like you said so we can survive and turn this market into nightmare if bitcoin price can't hold 30k $ price level.

Even if the price is down to $30k, we need to survive and not easily sell our bitcoin if we are not in urgent situations. But we can buy more if somehow, the price is down until that lower price because we may not see that price again in the future. This day bitcoin still goes down and back to $36k and I am not sure if it will bounce up so soon. Maybe we need to calm down for a moment and leave the market because the fluctuation is becoming high.

Of course unless we want to speculate whether we can buy back below the price.
I think the market will be healthier if shitcoin is eliminated from the crypto economy which in fact there are still many of them here.

Quote from: rodskee on February 03, 2022, 01:40:53 AM

So best to Invest now and take this advantage , because if the price starts to climb high then you will regret this actions.

That's right, there are many different things between speculation and investment.
Based on time
Speculation means short term profit
Investment means long term profit
However it depends on each person which one they want to choose, you can't force people to do what they don't want

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Quote from: Xinarae* on February 03, 2022, 01:10:30 AM

You have to wait patiently to see the right stage of the market no one can guarantee when the market will not be stable.

if you really understand Crypto then you must understand that this will never fill stabling because this is a volatile market and price will move here and there, in which will prove how we must be aware of the situation.

Quote

The price of currencies goes up but goes down if you research the market well and keep the right currency you will make a profit.

that is Buying and selling meaning the riskiest crypto investing.

Quote

Even if the market is down now the bull run will come if you make a long term investment you will see the highest level of the market.

So best to Invest now and take this advantage , because if the price starts to climb high then you will regret this actions.

Xinarae*

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You have to wait patiently to see the right stage of the market no one can guarantee when the market will not be stable. The price of currencies goes up but goes down if you research the market well and keep the right currency you will make a profit. Even if the market is down now the bull run will come if you make a long term investment you will see the highest level of the market.

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Quote from: redwine49 on February 02, 2022, 10:36:58 AM

Quote from: ethereumhunter on February 02, 2022, 01:17:16 AM

Quote from: redwine49 on February 01, 2022, 10:04:17 PM

The last bear trend bitcoin down almost to 85% from alt of 20k$
This correction is still small

Yes, it is a small correction but the down is nearly half the last highest price. It is a bear trend, but it still makes us survive and the market has moved well so far. But we should calm down in any situation, no matter if the market is in a bear or bull market, because that is our way to use every moment for our advantage. If people believe that this moment is the bear market, they should buy back more bitcoin because the price reaches the low price level and hold it for some time. Or they can also have the opportunity to buy low and sell high so we can continue to profit from the current situation. That is how we should act based on the situations.

Base on the chart i'm not sure if this is a bear trend. We are still in a position in may and july last year and manage to reach new all time high.
Maybe they should buy like you said so we can survive and turn this market into nightmare if bitcoin price can't hold 30k $ price level.

Even if the price is down to $30k, we need to survive and not easily sell our bitcoin if we are not in urgent situations. But we can buy more if somehow, the price is down until that lower price because we may not see that price again in the future. This day bitcoin still goes down and back to $36k and I am not sure if it will bounce up so soon. Maybe we need to calm down for a moment and leave the market because the fluctuation is becoming high.

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Quote from: andyou1234 on February 02, 2022, 01:06:12 PM

indeed the market seems to have reached oversold levels, but even so the market is still unpredictable and no one knows when there will be massive increases and decreases. but if you look at the market movements that have occurred in the last few days, it is very likely that crypto will return to the bullrun track, and is a sign that the bear market is coming to an end.

Maybe it will return at a most surprising time, but as we all hope that it will soon beat what the bear had been through are we that brave to withstand? We couldn't have an assurance to survive in the long run. So while we're still have the motivation to continue, don't shorten your patience this time; ultimate test should be experienced by everybody.

Silberman

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Quote from: crwth on February 02, 2022, 01:33:13 AM

Since it's oversold, I think it's a great way to buy more from it. I think it's best to approach it incrementally with you max budget per trade so that you can be safe with your investments and it will be okay with you if the value decreases for a moment but as long as you keep on being consistent on buying the coin that you want, I think it's going to be a good thing in the long run.

This is the right move but how many people are going to have the guts to do so when the market is not showing any signs that it will skyrocket soon? This kind of move requires someone that is complete convinced about what he is doing and to not be afraid in the case we see yet another correction, and while the requisites to do something like this seem to be on the low side the number of people that can actually do something like this is very low.

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indeed the market seems to have reached oversold levels, but even so the market is still unpredictable and no one knows when there will be massive increases and decreases. but if you look at the market movements that have occurred in the last few days, it is very likely that crypto will return to the bullrun track, and is a sign that the bear market is coming to an end.

Topic: The market is at the most oversold level (Read 480 times)