Topic: This year is dumping ground for bitcoin (Read 688 times)
Today the market dropped again almost 2% and my hope to see the price back to $30k didn't happen, many analysts say that $30k is a solid wall or like a rock in the ocean that is difficult to break, but if the price can pass $30k then a surprise big thing will happen, and the market will be difficult to stop like what happened in 2021.
It's possible that Bitcoin won't go over 40,000 this year but that's normal, this is enough time for the adoption of Bitcoin, we still have few months ahead before the next Bitcoin halving so I like that Bitcoin is very cheap right now, it's a healthy growth that the chart needed before the halving become a success.
I also don't think that we can go lower below 20,000 again, it's better to miss a bull season of you are new in this space but its not going to be a happy one if you are here in the last bear market and you are still waiting for a new Bitcoin low Price this year, you will miss the opportunity and by the time 2024 is here you will regret your decision.
$15,000 have been the best value per BTC so far, If you haven't start accumulating Bitcoin since the beginning of this bear market already you only have couple months left before its already too late.
I also don't think that we can go lower below 20,000 again, it's better to miss a bull season of you are new in this space but its not going to be a happy one if you are here in the last bear market and you are still waiting for a new Bitcoin low Price this year, you will miss the opportunity and by the time 2024 is here you will regret your decision.
$15,000 have been the best value per BTC so far, If you haven't start accumulating Bitcoin since the beginning of this bear market already you only have couple months left before its already too late.
All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now. I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling. Am thinking weather is reducing in figures, or other market products have reduced its value, or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.
The price of Bitcoin is already in a good position for sure, the price was just around 29k$-31k$ I think it could easily hold off until the end of the year for sure because we already see the market price drop but it doesnt seems to drop on 28k$ it just continues to stay around 29k$ which is a good thing because we can notice that the price is holding off at that level, to be honest price could probably reach 40k$ at the end of the year if the price continues like this, In already has a lot of momentum unless something bad happened or bad news drops online I can't see the price dropping around 20k$-25k$ again.
I mean for me I was really hoping for the market price of Bitcoin to drop around 20k$-25k$ because it's a good opportunity for me to buy Bitcoin at a discount and that just means I could accumulate more volume of Bitcoin. If investors are selling their Bitcoin then it's a good time for us to be greedy and buy more Bitcoin also a good opportunity to make a profit in the coming bull run.
We can feel the prediction that the market this year will weaken until now, since March or almost 5 months ago the price seems difficult to pass $ 30k, of course many think that the bull run is still far away so many are selling immediately due to many factors such as impatient wait.
But we have to look at it this way, we are still in the bear market, and the lowest low that we have is $15,500 last November. So it we have reach $30k-$31k, then we almost double it already.
So I disagree that we are dumping, on the contrary we have recovered in the first 6 months of this year. It might have slow down a bit because that is already a huge recovery. And as you have said, we need more patience, block halving is next year, so we need to wait for it as it is the catalyst for the next bull run.
We can feel the prediction that the market this year will weaken until now, since March or almost 5 months ago the price seems difficult to pass $ 30k, of course many think that the bull run is still far away so many are selling immediately due to many factors such as impatient wait.
let's see what could have be the reason for this drastically continues price falling.
There are many reasons which affect the price of Bitcoin. If a negative news regarding any exchange or big companies associated with Bitcoins comes in public, then people just panic and sell their Bitcoins. As there is more number of sell orders then buy orders for Bitcoins, this makes the price fall more. This signifies that when the demand is low, the price also goes down. This is one of the main reason for which we see drastic change in the price of the coin.
I wouldn't say bitcoin is prone to manipulation, yeah there could be FUD being spread by some groups to really deter the market price. But at some point, investors are getting wiser not to listen to it. As compare to let's say the altcoin market, which I believed can easily be manipulated by the devs and then some pump and dump groups.
And that's why the price of bitcoin remains steady or at least we have a good support line at $30k'ish and we might not see a new bottom price this year. We have reach it when the price goes down hard to $15,500 because of the FTX collapse. So I'm not seeing any dumping, it might be a close increased in the price for this year, but I guess it's better that way instead of a downward trajectory.
let's see what could have be the reason for this drastically continues price falling.
There are many reasons which affect the price of Bitcoin. If a negative news regarding any exchange or big companies associated with Bitcoins comes in public, then people just panic and sell their Bitcoins. As there is more number of sell orders then buy orders for Bitcoins, this makes the price fall more. This signifies that when the demand is low, the price also goes down. This is one of the main reason for which we see drastic change in the price of the coin.
let's see what could have be the reason for this drastically continues price falling.
There are many reasons which affect the price of Bitcoin. If a negative news regarding any exchange or big companies associated with Bitcoins comes in public, then people just panic and sell their Bitcoins. As there is more number of sell orders then buy orders for Bitcoins, this makes the price fall more. This signifies that when the demand is low, the price also goes down. This is one of the main reason for which we see drastic change in the price of the coin.
Many predictions that this year will dumping again, but in my opinion the market will rise and be proven since March the price continues to survive at the level of $ 30k, although many are worried about the global economic conditions that will make prices decrease but in my opinion, the market will continue to rise.
Global economic conditions will not be bad forever, and neither will crypto market conditions. Especially now that everyone has seen how the conditions have been for the crypto market so that it can be said that the current situation has started to improve and also has the potential to continue to get more optimal improvements this year. I'm still pretty confident that Bitcoin's price reading this year will pass $35K as the resistance near $30K is still very strong right now.Things have improved dramatically if we compare to what happened in 2022. Although there is still a possibility of the market being dumped, with the economic situation gradually stabilizing and no major incidents occurring in the market, the case of dumping is quite low.
Bitcoin price prediction for this year, $35k target is really not that hard to achieve as we are very close to it. We have maintained well above $30k, and I also believe $35k is possible. But what I am thinking is will bitcoin continue to rise when it hits $35k, or will it correct again? We are still over 270 days away from the halving, too far to expect a real bull season.
Many predictions that this year will dumping again, but in my opinion the market will rise and be proven since March the price continues to survive at the level of $ 30k, although many are worried about the global economic conditions that will make prices decrease but in my opinion, the market will continue to rise.
Global economic conditions will not be bad forever, and neither will crypto market conditions. Especially now that everyone has seen how the conditions have been for the crypto market so that it can be said that the current situation has started to improve and also has the potential to continue to get more optimal improvements this year. I'm still pretty confident that Bitcoin's price reading this year will pass $35K as the resistance near $30K is still very strong right now. 
let's see what could have be the reason for this drastically continues price falling.
There are many reasons which affect the price of Bitcoin. If a negative news regarding any exchange or big companies associated with Bitcoins comes in public, then people just panic and sell their Bitcoins. As there is more number of sell orders then buy orders for Bitcoins, this makes the price fall more. This signifies that when the demand is low, the price also goes down. This is one of the main reason for which we see drastic change in the price of the coin.
Many predictions that this year will dumping again, but in my opinion the market will rise and be proven since March the price continues to survive at the level of $ 30k, although many are worried about the global economic conditions that will make prices decrease but in my opinion, the market will continue to rise.
~Snip
Big shocks probably won't be there for Bitcoin, but it won't necessarily be the same for Binance. Because CZ is just facing a problem that might not be much different from the problem that has arisen at XRP. And now everyone can also see how XRP increased in price and grew after they won in court, so I think it only affects the target audience, not for the market and Bitcoin because market conditions and Bitcoin are not defined by their problems (XRP and Binance ). However, market conditions and Bitcoin are always determined by the level of purchasing power that continues to grow over time.Today bitcoin is still too easy to lose its value, even after the day before it managed to reach $ 31,800. As I write, the price of bitcoin has fallen by more than $1600 over the previous day even as some altcoins have skyrocketed.
~Snip
Big shocks probably won't be there for Bitcoin, but it won't necessarily be the same for Binance. Because CZ is just facing a problem that might not be much different from the problem that has arisen at XRP. And now everyone can also see how XRP increased in price and grew after they won in court, so I think it only affects the target audience, not for the market and Bitcoin because market conditions and Bitcoin are not defined by their problems (XRP and Binance ). However, market conditions and Bitcoin are always determined by the level of purchasing power that continues to grow over time.Today bitcoin is still too easy to lose its value, even after the day before it managed to reach $ 31,800. As I write, the price of bitcoin has fallen by more than $1600 over the previous day even as some altcoins have skyrocketed.
I don't understand what this guy is talking about. From the date this post was created, bitcoin went on to grow more than 20% of its price. And if we talk about this year's bitcoin price performance, we are nearly 200% up already. So it doesn't make any sense that this year is totally a dumping ground. I even believe that bitcoin price will reach between $35k to $40k at its highest this year. Generally, bitcoin price movement this year is the opposite of last year's movement.
Maybe OP is expecting bitcoin to only increase in price with no corrections along the way? Or bitcoin will return to its ATH this year? I observed that it is always the inexperienced newbies that are getting desperate and disappointed every time bitcoin hits a correction.
Maybe OP is expecting bitcoin to only increase in price with no corrections along the way? Or bitcoin will return to its ATH this year? I observed that it is always the inexperienced newbies that are getting desperate and disappointed every time bitcoin hits a correction.
Today bitcoin is rising again and makes me even more optimistic that this year the price will easily reach $ 50k, there is still about 5 months left to be able to see the price of $ 50k, I'm sure the conflict between CZ vs SEC will not have a big impact because CZ's reputation in the market is very strong and if it later loses in court there will be no market shocks because all Binance operations will be normal.
Big shocks probably won't be there for Bitcoin, but it won't necessarily be the same for Binance. Because CZ is just facing a problem that might not be much different from the problem that has arisen at XRP. And now everyone can also see how XRP increased in price and grew after they won in court, so I think it only affects the target audience, not for the market and Bitcoin because market conditions and Bitcoin are not defined by their problems (XRP and Binance ). However, market conditions and Bitcoin are always determined by the level of purchasing power that continues to grow over time. 
Today bitcoin is rising again and makes me even more optimistic that this year the price will easily reach $ 50k, there is still about 5 months left to be able to see the price of $ 50k, I'm sure the conflict between CZ vs SEC will not have a big impact because CZ's reputation in the market is very strong and if it later loses in court there will be no market shocks because all Binance operations will be normal.
I don't know where some people got their own research from in saying that this year will be a dumping ground for bitcoin after considering that bitcoin has always been bearish althrough the Q1 of this year, it is also very important that we know that bitcoin is a volatile cryptocurrency and can change at any point in time base on the signals received from its market demand and supply, Binance case with SEC is no more a thing of concern because they will always finds a means to settle themselves and either of their decisions had nothing to influence the bitcoin market price to dump or pumped even if the worse happened that Binance US closed down, they still have Binance global.
Today bitcoin is rising again and makes me even more optimistic that this year the price will easily reach $ 50k, there is still about 5 months left to be able to see the price of $ 50k, I'm sure the conflict between CZ vs SEC will not have a big impact because CZ's reputation in the market is very strong and if it later loses in court there will be no market shocks because all Binance operations will be normal.
Yes, don't worry about the CZ vs SEC though, it seems that this issues have been forgotten, or least taken a back sit because the price seems to be rallying to $31k-$32k.
As for CZ, his Binance is still standing so his reputation is not hit, on the contrary if he can prove that SEC is wrong then it will be huge for him and BNB. Just like what happen to Ripple right now, they have defeated SEC and the judges favors them. Go check out how big Ripple right now, it just overtake BNB as the top 4 crypto in the market.
Today bitcoin is rising again and makes me even more optimistic that this year the price will easily reach $ 50k, there is still about 5 months left to be able to see the price of $ 50k, I'm sure the conflict between CZ vs SEC will not have a big impact because CZ's reputation in the market is very strong and if it later loses in court there will be no market shocks because all Binance operations will be normal.
Of course @Mario Yamasaki , the price will go up step by step and if we look at market developments even though there are events or incidents that are very closely related to market price movements for example as you mentioned they are just small ripples on BTC's journey to price recovery and what is certain is several huge demand for BTC in the time frame you mentioned and selling pressure is reduced. I think that's the main factor. Yes / BTC is now priced at $ 31,315 it takes another $ 18,685 to $ 50K and if we divide it for 5 months as you estimate per month it should be able to reach $ 3,737. Now. The question is whether this progress will be achieved without more obstacles and obstacles??
Today bitcoin is rising again and makes me even more optimistic that this year the price will easily reach $ 50k, there is still about 5 months left to be able to see the price of $ 50k, I'm sure the conflict between CZ vs SEC will not have a big impact because CZ's reputation in the market is very strong and if it later loses in court there will be no market shocks because all Binance operations will be normal.
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