The only way to identify the BOTTOM.

cocoadreamboy

jr. member

Activity: 378

Merit: 5

Quote from: adaseb on March 22, 2020, 11:26:22 PM

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

legendary

Activity: 3808

Merit: 1723

Quote from: danherbias07 on March 22, 2020, 11:15:51 PM

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.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

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

jr. member

Activity: 378

Merit: 5

Quote from: FanEagle on March 21, 2020, 10:21:47 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

legendary

Activity: 2884

Merit: 1117

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

hero member

Activity: 3094

Merit: 606

BTC to the MOON in 2019

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.

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: Oasisman on March 19, 2020, 11:22:22 PM

Quote from: cocoadreamboy on March 16, 2020, 07:41:48 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.

Oasisman

hero member

Activity: 2716

Merit: 552

Quote from: cocoadreamboy on March 16, 2020, 07:41:48 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

legendary

Activity: 4102

Merit: 1454

Quote from: cocoadreamboy on March 18, 2020, 07:03:45 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

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: cocoadreamboy on March 18, 2020, 07:03:45 PM

Quote from: tabas on March 17, 2020, 05:28:04 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

jr. member

Activity: 378

Merit: 5

Quote from: royalfestus on March 19, 2020, 04:56:20 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

hero member

Activity: 2464

Merit: 519

Quote from: cocoadreamboy on March 18, 2020, 07:03:45 PM

Quote from: tabas on March 17, 2020, 05:28:04 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

jr. member

Activity: 378

Merit: 5

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

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: michellee on March 19, 2020, 03:10:52 AM

Quote from: minairia3 on March 18, 2020, 10:35:39 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.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: minairia3 on March 18, 2020, 10:35:39 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

sr. member

Activity: 1498

Merit: 326

Vave.com - Crypto Casino

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

jr. member

Activity: 378

Merit: 5

Quote from: tabas on March 17, 2020, 05:28:04 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

legendary

Activity: 3038

Merit: 1169

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

legendary

Activity: 3808

Merit: 1723

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

legendary

Activity: 3052

Merit: 1273

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.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: milewilda on March 16, 2020, 08:12:45 AM

I agree to this line though written on the site given;

"Crypto is the only investment I have made that has increased in such a short time."

but come to think that this is the fastest way to burn up money too. lol

Bitcoin is high risk, high reward investment but unlike the other financial instruments when it plunges, our thinking is it will recover so fast.

Quote from: milewilda on March 16, 2020, 08:12:45 AM

Identifying the bottom? This is the hardest part on any market not only on crypto but also in forex and stocks.
If all traders or investors do able to point out what bottom price is, then theres no such thing called "speculation".

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

webtricks

legendary

Activity: 1918

Merit: 1728

Quote from: Reid on March 16, 2020, 10:46:48 AM

People trade because of this too. Just find a clue into knowing when the price is enough to sold out or is it the right cheap price to buy.
Then everything could go pretty well.
But greed comes in. You saw a price fluctuation which goes up like it was going to the moon and people are hyping it.
So, you won't sell. Worse case scenario is you will buy more which may become the foolish decision of your life.

How can you say buying more bitcoins at a higher price is foolish? I consider buying bitcoin as bargain whatever the price is. I am into Bitcoin since last 5 years and noticed one thing that after every long upward trend, downtrend always follows and after each downtrend, bitcoin recovers its value with time. This cycle is repeating since the day bitcoin trading started. Only exception to this case is humongous rally of December 2017. But I think we will soon see $19K again and once it happens, no one will be foolish anymore according to your definition. Let's not forget HODL.

UnDerDoG81

legendary

Activity: 2179

Merit: 1201

Quote from: fabiorem on March 16, 2020, 07:49:29 AM

There is no bottom.

The bottom is zero.

Also, no buy liquidity. Why buy if the price will eventually reach zero?
Nobody will want to buy. There will be nobody to sell later.

The hodler church will joke this is one of those "deaths" told by mainstream media.
But this time is different. Its going to zero and the source are the derivatives from bitmex.
Of course, you can lie to yourself and think its the coronavirus, if that made you feel safe.

No TA works when manipulation is allowed by the exchanges.
No analysis will hold when there is freedom for thieves.

I missed these kind of posts since the mtgox crash and death of bitcoin (RIP). BULLISH!

ChiNgadOr

sr. member

Activity: 1680

Merit: 278

Blatant external promotion of his site.. REPORTED

cocoadreamboy

jr. member

Activity: 378

Merit: 5

It is important to understand what exactly you may or may not invest in.

cocoadreamboy

jr. member

Activity: 378

Merit: 5

Quote from: Reid on March 16, 2020, 10:46:48 AM

Quote

There is no other asset that can multiply and provide 2.58 multiplication on such a short timeframe. The Fundamental Crypto Report is designed to guide you to make the correct decisions in crypto. Crypto is a new and emerging asset class, knowing what the insiders are paying is the key to effectively profiting.

In short, buy low sell high.
That is just how it is even from inception.

People trade because of this too. Just find a clue into knowing when the price is enough to sold out or is it the right cheap price to buy.
Then everything could go pretty well.
But greed comes in. You saw a price fluctuation which goes up like it was going to the moon and people are hyping it.
So, you won't sell. Worse case scenario is you will buy more which may become the foolish decision of your life.

The beauty about the numbers is they aren't greedy. They tell you when its high even when you don't think it is. ALWAYS trade on real numbers, or risk losing hard and not being prepared to take advantage.

This is something you only have to learn once.

Aaron

Harlot

hero member

Activity: 1806

Merit: 672

Quote from: exstasie on March 16, 2020, 04:22:14 PM

Quote from: Harlot on March 16, 2020, 03:07:43 PM

Did you just create a clickbaity thread title just to lure people in your website?

Not the first time either. We all know cocoadreamboy and his antics pretty well by now. Cheesy

https://bitcointalksearch.org/topic/m.52228169
https://bitcointalksearch.org/topic/m.51517648

So if he is doing this several times already then why is he getting away with this several times already? He is technically advertising his websites illegally and even though he created his own thread it doesn't count as informative nor helpful but rather deceiving in the hopes of the OP to get financial gain. I'll be really ok with what he is doing if he is really interested in his topics and don't mislead his readers but he barely replies in his topics and barely gets involved in them showing that what he really wants is just the exposure for his links. @OP you should really try to change your activity here in the forum if you don't want to violate any rule here.

STT

legendary

Activity: 4102

Merit: 1454

I stay on the forum 99% of the time, you really have to sell me more then this for me to want to go elsewhere. I already have a million things I should be reading and from people and sources Ive followed and respected over a decade.
The point itself is fair enough, it is really hard to know the bottom pricing. It can seem a bargain and yet we fall 20% further from there, people on leverage have to be so careful now imo. Reduce size is good advice I've heard, larger moves dont need so much when involved. The other saying I remember from someone trading since the early 90's is the bottom of a market is a process not an event, its a series of signals like the theme to a song and I guess the best traders know the tunes better then most. This I do try to learn.

Quote

No TA works when manipulation is allowed by the exchanges.

Patterns get disrupted, we lose the trend seen and relied upon; so long as markets are free to trade then the pricing should follow a natural process. TA is applicable to identify a pattern of lows or highs, I think simplicity is important to some conclusions and nobody should be saying for certain they know.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: Harlot on March 16, 2020, 03:07:43 PM

Did you just create a clickbaity thread title just to lure people in your website?

Not the first time either. We all know cocoadreamboy and his antics pretty well by now. Cheesy

https://bitcointalksearch.org/topic/m.52228169
https://bitcointalksearch.org/topic/m.51517648

Quote from: fabiorem on March 16, 2020, 12:23:41 PM

I found this about Bitmex:
https://www.forexbrokerz.com/brokers/bitmex-review

These derivatives could be used to pump the price of bitcoin, but they are never used with this intention, its always for evil purposes.

You don't think those Bitmex-driven spot exchange algos work in both directions? Of course they do. When traders are heavily short, they take it upwards instead.

Harlot

hero member

Activity: 1806

Merit: 672

Did you just create a clickbaity thread title just to lure people in your website? Because the "how it works" article you just created shows nothing about identifying the "bottom" of Bitcoin, it merely talks about a generic definition of what a margin of safety is and to top it all you just created fake trades where you are winning without showing any kind of proof that you did in fact profit from that trade.

Quote from: https://www.amsinger.org/howitworks

These financials allow you to measure your risk in crypto. It is applicable to new and experienced traders.

If you hold crypto at a price near the creation cost, your asset is LOW RISK.

If you hold crypto when the price is high above the creation cost, your asset is HIGH RISK.

^This is the text that comes after the headline and it shows nothing about identifying the bottom, it is just lowkey way of promoting the subscription service you are trying to say in the body of your article.

STT

legendary

Activity: 4102

Merit: 1454

The best way to improve accuracy is via contrast or in maths terms a ratio of prices. In the housing boom, a telling sign was the rental to house price ratio and it was far more reasonable to rent at that point in terms of life costs hence the market went this direction. Now we can consider the monetary base vs GDP or other measures, perhaps a price measure vs gold and so on. The bottom price will likely show up in multiple markets and BTC is part of the wider global trade scenario and outlook.

Heres a good chart and link to a trader to read up on:

https://twitter.com/NicTrades

fabiorem

sr. member

Activity: 1400

Merit: 347

Quote from: ?? on ??

I don't get it why Bitmex is spreading negativity about Bitcoin! People are saying in telegram groups that Bitcoin gonna hit zero, and Bitmex is helping them to spread negativity! Another dishonest exchange found? Or they are out of mind because of the recent dump? I am being fed up with such Fud!

I found this about Bitmex:
https://www.forexbrokerz.com/brokers/bitmex-review

These derivatives could be used to pump the price of bitcoin, but they are never used with this intention, its always for evil purposes. Every time a asset get a derivative it tanks, and in some years its value and importance are lost. It happened with gold and silver, which used to be safe havens against financial crisis.

Reid

hero member

Activity: 3052

Merit: 651

Quote

There is no other asset that can multiply and provide 2.58 multiplication on such a short timeframe. The Fundamental Crypto Report is designed to guide you to make the correct decisions in crypto. Crypto is a new and emerging asset class, knowing what the insiders are paying is the key to effectively profiting.

In short, buy low sell high.
That is just how it is even from inception.

People trade because of this too. Just find a clue into knowing when the price is enough to sold out or is it the right cheap price to buy.
Then everything could go pretty well.
But greed comes in. You saw a price fluctuation which goes up like it was going to the moon and people are hyping it.
So, you won't sell. Worse case scenario is you will buy more which may become the foolish decision of your life.

cocoadreamboy

jr. member

Activity: 378

Merit: 5

Quote from: milewilda on March 16, 2020, 08:12:45 AM

I agree to this line though written on the site given;

"Crypto is the only investment I have made that has increased in such a short time."

but come to think that this is the fastest way to burn up money too. lol

Identifying the bottom? This is the hardest part on any market not only on crypto but also in forex and stocks.
If all traders or investors do able to point out what bottom price is, then theres no such thing called "speculation".

Which is why financials are important.

milewilda

legendary

Activity: 3094

Merit: 1127

I agree to this line though written on the site given;

"Crypto is the only investment I have made that has increased in such a short time."

but come to think that this is the fastest way to burn up money too. lol

Identifying the bottom? This is the hardest part on any market not only on crypto but also in forex and stocks.
If all traders or investors do able to point out what bottom price is, then theres no such thing called "speculation".

fabiorem

sr. member

Activity: 1400

Merit: 347

There is no bottom.

The bottom is zero.

Also, no buy liquidity. Why buy if the price will eventually reach zero?
Nobody will want to buy. There will be nobody to sell later.

The hodler church will joke this is one of those "deaths" told by mainstream media.
But this time is different. Its going to zero and the source are the derivatives from bitmex.
Of course, you can lie to yourself and think its the coronavirus, if that made you feel safe.

No TA works when manipulation is allowed by the exchanges.
No analysis will hold when there is freedom for thieves.

cocoadreamboy

jr. member

Activity: 378

Merit: 5

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

Topic: The only way to identify the BOTTOM. (Read 399 times)