The only way to identify the BOTTOM.

cocoadreamboy

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Quote from: adaseb on March 23, 2020, 12:26:22 AM

If it ever falls to $1 then most likely it will be finished. When it crashed from $20K to $3K that is not so far fetched since it was $1K the year prior, however if it ever were to hit $1 then all trust would be lost and most people wouldn't touch it.

If you want a good example, look at most penny stocks. They are ultra cheap, basically fractions of a penny. People buy them thinking that if they buy 1 million shares of some bankrupt company for $100 and if it goes to $1/share they will be millionaires however that never happens. If bitcoin went to $1 then it would be the same scenario.

Excellent point. If Bitcoin goes to $1 again any number of "better" coins (quicker payments, smoother transfers, more user friendly) would eclipse it. Bitcoin is the most powerful because it is the original crypto.

It is very doubtful bitcoin will reach $1 any time soon, but if it does it is virtually "bankrupt".

adaseb

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Quote from: danherbias07 on March 23, 2020, 12:15:51 AM

I think we should all remember that bitcoin had been through a lot of crash for the last past years and yet it still goes up.

No matter how low the bottom will be the possibility of growth will always be there.
I guess that explains how much supporters we have by now.
The growing population of people believing in crypto currencies.

Bitcoin might fall even to just $1 but as long as there are supporters it will just go back up in just a manner of time.

If it ever falls to $1 then most likely it will be finished. When it crashed from $20K to $3K that is not so far fetched since it was $1K the year prior, however if it ever were to hit $1 then all trust would be lost and most people wouldn't touch it.

If you want a good example, look at most penny stocks. They are ultra cheap, basically fractions of a penny. People buy them thinking that if they buy 1 million shares of some bankrupt company for $100 and if it goes to $1/share they will be millionaires however that never happens. If bitcoin went to $1 then it would be the same scenario.

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I think we should all remember that bitcoin had been through a lot of crash for the last past years and yet it still goes up.

No matter how low the bottom will be the possibility of growth will always be there.
I guess that explains how much supporters we have by now.
The growing population of people believing in crypto currencies.

Bitcoin might fall even to just $1 but as long as there are supporters it will just go back up in just a manner of time.

cocoadreamboy

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Quote from: FanEagle on March 21, 2020, 11:21:47 AM

There is no way to identify the bottom, we are not capable of identifying it because nobody knows and nobody reacts according to it. Look its simple if bitcoin is sold by a lot of people and they sell a lot of bitcoin the price goes down, if you tell the people THIS is the bottom in anyway that means they have to listen to you, if they don't listen to you they will continue to sell and that is literally the reason why bitcoin goes down while we wait it should be the bottom.

This is why bitcoin can start the year of 2017 with 700 dollar price and peak around $20k, while also start the 2018 close to $20k and end in $3k, bitcoin has resistance and support levels and bottoms and peaks but eventually it does whatever it wants and we can't really stop it or change it or even predict it.

The point is to understand why it has such massive price swings. That is what the research is for. Either be a sheep or take control.

FanEagle

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There is no way to identify the bottom, we are not capable of identifying it because nobody knows and nobody reacts according to it. Look its simple if bitcoin is sold by a lot of people and they sell a lot of bitcoin the price goes down, if you tell the people THIS is the bottom in anyway that means they have to listen to you, if they don't listen to you they will continue to sell and that is literally the reason why bitcoin goes down while we wait it should be the bottom.

This is why bitcoin can start the year of 2017 with 700 dollar price and peak around $20k, while also start the 2018 close to $20k and end in $3k, bitcoin has resistance and support levels and bottoms and peaks but eventually it does whatever it wants and we can't really stop it or change it or even predict it.

Natalim

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For me it's easy to identify the bottom when there is a panic, for example on the current situation, when bitcoin dump 50% of its price, I call that bottom already although it's possible that it could dump further, and I am right because I could already make a good profit now if I bought the price below $5000.

This is an opportunity for a short term and only those who are analyzing the trends and those who have experience could see the opportunity to buy.

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Quote from: Oasisman on March 20, 2020, 12:22:22 AM

Quote from: cocoadreamboy on March 16, 2020, 08:41:48 AM

I have put a lot of research and work into this. Here is an analysis of the last crash (November 2018):

https://www.amsinger.org/howitworks

Comments appreciated!

Aaron

Didn't clicked the link. The title seems deceiving, trying to add more audience on the website.
There are no way to identify the bottom, except when the price starts rising again, and there's no way you can predict when will the market starts to recover from a huge loss.
We only have speculations and TA's, and these are in no way can identity the bottom accurately, that's why I only call it an speculative bottom range.

I also notice that to since I don't find any relevance for people who's telling they can find the bottom where for sure all those things are just speculation, for sure those things made up just to get an attention or shall we say its a click bait to gather traffic from his website. And we should remember even experts cannot do that and we only based on some TA available and buy on what we think the lowest and what we think the highest profit we can get.

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Quote from: cocoadreamboy on March 16, 2020, 08:41:48 AM

I have put a lot of research and work into this. Here is an analysis of the last crash (November 2018):

https://www.amsinger.org/howitworks

Comments appreciated!

Aaron

Didn't clicked the link. The title seems deceiving, trying to add more audience on the website.
There are no way to identify the bottom, except when the price starts rising again, and there's no way you can predict when will the market starts to recover from a huge loss.
We only have speculations and TA's, and these are in no way can identity the bottom accurately, that's why I only call it an speculative bottom range.

STT

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Quote from: cocoadreamboy on March 18, 2020, 08:03:45 PM

Only using TA is one of the most ineffective trading strategies for bitcoin. The market is heavily manipulated by a small group of large controlling interests.

To no great surprise greed exists in the world and occurs in free markets, unless that phenomena manages to be different on every instance how is the examination of market history and statistics then invalid. This is like the argument against capitalism because only the rich benefit, ignoring that capital is with the people not centralised as in many systems that deny power to the people. Profit isnt negative, people trying to win trades easily is always going to be the case but it doesn't mean we cannot observe a trend in the market and gain from its occurrence and thats all TA is.

tabas

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Quote from: cocoadreamboy on March 18, 2020, 08:03:45 PM

Quote from: tabas on March 17, 2020, 06:28:04 PM

We call numbers the bottom base on our thoughts but identifying it depending on TA or any other strategies varies to the traders opinion.

Only using TA is one of the most ineffective trading strategies for bitcoin. The market is heavily manipulated by a small group of large controlling interests.

By knowing the fundamental numbers, you know the prices that the large controlling interests purchase each coin. So when they make a manipulative action, you can know if it is a corrective action or a false action based upon the price they spend per coin.

It is a clear financial analysis. It is designed to protect against false market actions, even if they last for months.

If that's what you think with TA well, proving that no TA has been so effective especially during these periods when the market is so shaky and no one can find the exact position where we should place buy and sell orders.
It's why I said if there were other strategies base on how look at the market.

cocoadreamboy

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Quote from: royalfestus on March 19, 2020, 05:56:20 PM

There are exception to the present market that is global attack on financial system, such pandemic come rarely. I also like to know how to measure this with the period of time. I also think in a bear market after a bull run, we could see series of the bottom which dives in dipper bottom. The bottom is expected to go till we see 95% and could be in a year

It doesn't take a global catastrophe to crash crypto. Last major crash like what happened last week happen in November 2018.

One thing we can all be sure of is: catastrophe and panic are not only likely, they WILL come eventually. Identifying the investment levels and prices allows a crypto trader to know where the price is libel to go in a panic/global attack. No one sells oil for less than the cost of pumping it.

Aaron

royalfestus

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Quote from: cocoadreamboy on March 18, 2020, 08:03:45 PM

Quote from: tabas on March 17, 2020, 06:28:04 PM

We call numbers the bottom base on our thoughts but identifying it depending on TA or any other strategies varies to the traders opinion.

Only using TA is one of the most ineffective trading strategies for bitcoin. The market is heavily manipulated by a small group of large controlling interests.

By knowing the fundamental numbers, you know the prices that the large controlling interests purchase each coin. So when they make a manipulative action, you can know if it is a corrective action or a false action based upon the price they spend per coin.

It is a clear financial analysis. It is designed to protect against false market actions, even if they last for months.

There are exception to the present market that is global attack on financial system, such pandemic come rarely. I also like to know how to measure this with the period of time. I also think in a bear market after a bull run, we could see series of the bottom which dives in dipper bottom. The bottom is expected to go till we see 95% and could be in a year

cocoadreamboy

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Your replies are appreciated guys.

Let me know if anyone has actual questions about how this system effectively identifies the bottoms of crypto markets.

Research is here:

https://www.amsinger.org/howitworks

Aaron

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Quote from: michellee on March 19, 2020, 04:10:52 AM

Quote from: minairia3 on March 18, 2020, 11:35:39 PM

Nice try but catching bottom price is hard like looking on your left and right direction at the same time. Ive been observing the charts eversince and there is no pattern to follow this suit. But I appreciate the researched OP, but this isnt accurate in my honest opinion. There are common factors on the ups and down including crisis that occuring unxpectedly. Actually this dip is inevitable and not foreseen by most as you can see how many users got rekt overnight. Even relying on technical analaysis, this can be a vague system. Right now, it can be a bottom for a skyrocket we never know it.

I agree with this. It is very difficult to know when the price reaches the bottom because the price will always move, and even if you think the price reaches the lower price, it doesn't mean that the price is the bottom. The price can go down for more, and that is what happens in the crypto world, but as long as you can buy at a low price, it will help you to make a profit. But be careful because the market now is unpredictable so that everything can happen, and we need to analyze deeper.

The OP's effort is appreciated but yes, you really can't identify the bottom in crypto. If someone can, he will be rich in no time as he will buy at the bottom and sell it once it reaches his target. And by that time, he will be out here in the forum and enjoying his pina colada somewhere. I don't agree that he can identify the bottom here.

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Quote from: minairia3 on March 18, 2020, 11:35:39 PM

Nice try but catching bottom price is hard like looking on your left and right direction at the same time. Ive been observing the charts eversince and there is no pattern to follow this suit. But I appreciate the researched OP, but this isnt accurate in my honest opinion. There are common factors on the ups and down including crisis that occuring unxpectedly. Actually this dip is inevitable and not foreseen by most as you can see how many users got rekt overnight. Even relying on technical analaysis, this can be a vague system. Right now, it can be a bottom for a skyrocket we never know it.

I agree with this. It is very difficult to know when the price reaches the bottom because the price will always move, and even if you think the price reaches the lower price, it doesn't mean that the price is the bottom. The price can go down for more, and that is what happens in the crypto world, but as long as you can buy at a low price, it will help you to make a profit. But be careful because the market now is unpredictable so that everything can happen, and we need to analyze deeper.

minairia3

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Nice try but catching bottom price is hard like looking on your left and right direction at the same time. Ive been observing the charts eversince and there is no pattern to follow this suit. But I appreciate the researched OP, but this isnt accurate in my honest opinion. There are common factors on the ups and down including crisis that occuring unxpectedly. Actually this dip is inevitable and not foreseen by most as you can see how many users got rekt overnight. Even relying on technical analaysis, this can be a vague system. Right now, it can be a bottom for a skyrocket we never know it.

cocoadreamboy

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Quote from: tabas on March 17, 2020, 06:28:04 PM

We call numbers the bottom base on our thoughts but identifying it depending on TA or any other strategies varies to the traders opinion.

Only using TA is one of the most ineffective trading strategies for bitcoin. The market is heavily manipulated by a small group of large controlling interests.

By knowing the fundamental numbers, you know the prices that the large controlling interests purchase each coin. So when they make a manipulative action, you can know if it is a corrective action or a false action based upon the price they spend per coin.

It is a clear financial analysis. It is designed to protect against false market actions, even if they last for months.

YuginKadoya

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There is no conclusion to identifying the bottom as of today's price mark, the given problem in this pandemic problem that we have right now is the cause of a sudden downfall, and I think all affected countries are in lockdown right now if this continues or gets worst the price of Bitcoin might be affected as well, I am saying and including the cause of any economic downfall is because of the virus the COVID-19 and because it is the real deal, No other explanation why many are having a hard time in identifying the Bottom, But I wish it will just stay in the $5000 USD for now and not sunk even further down.

adaseb

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There is no way to identify a bottom that easily, trust me I traded back in 2008 and I was 100% sure the bottom happened on July 2008 and Nov 2008. Go and look at the charts and it actually looks like those would of been good bottoms however both failed. It ended up breaking the Nov 2008 low and basically later in March 2009 at like 666 the SPY finally found a bottom, there is no way you could of predicted that.

You would of just been better buying after it started to make higher highs and higher lows, even though price moved fast and you would get a low fill on many of the stocks. However its better than knife catching and putting your account through huge draw-downs.

Stedsm

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I won't say that your article helped me learn a lot about catching the bottoms for BTC (or may even help out in doing so), but yeah, the logic you have used in displaying those figures and how to determine the buy phase of a crypto is meritorious. I have bookmarked the link and will definitely watch out for more such articles to learn something different and take important points from this one as well. Thanks for the content, mate.

Topic: The only way to identify the BOTTOM. (Read 354 times)