I have been thinking that we are close to the bottom for a very long time and yet the price of bitcoin keeps going down, for a few days the price did not move much and recovered a few hundred dollars but now the market is going down once again and the price is below 4000 dollars if this is the beginning of another correction it is entirely possible that we could see a price below 3000 dollars and if that happens it is entirely possible that more people are going to panic and are going to make the price a lot lower.
That scenario is so bad that I do not want to even think about it because that will mean that it will take years for the price of bitcoin to recover and that is never an easy thing to face when we have losses that are greater than 70% already.
Topic: We are Close To The Bottom: (Read 833 times)
Even though bitcoin is getting lower then this will be an opportunity to buy, and there is no need to panic because bitcoin still has hope and will certainly be able to grow in the future.
I am also of that same view because in the current era we are seeing a lot of bigger business running with the payment of Bitcoin and many more are coming. This is a proof that the future of Bitcoin will be very bright and in the future the price of Bitcoin will be very higher. Even though bitcoin is getting lower then this will be an opportunity to buy, and there is no need to panic because bitcoin still has hope and will certainly be able to grow in the future.
I am also of that same view because in the current era we are seeing a lot of bigger business running with the payment of Bitcoin and many more are coming. This is a proof that the future of Bitcoin will be very bright and in the future the price of Bitcoin will be very higher. 
I think we are basically walking past 4200 now, some are trying shorts but really I expect is to go back to 6000 for a real midday showdown. A good gunfight between between shorts and bulls should occur around 6000 because that figure has been the biggest figure for all of 2018
I am expecting a bound range of 3200 to 4900 till the summer and then we can expect some movement at the later part of 2019 and the halving is coming up, so there is no doubt in my mind that we will see a rally during that time, it was like that in the past and i expect the same pattern in the future, the price might go up for a short time, but it will come down eventually to the range bound i am expecting. For long term investors it is a good opportunity to get the coins, just get rid of the other coins and focus just on bitcoin is the way to go moving forward for all the new investors in this platform. Focusing entirely on bitcoin will eventually become an obsolete strategy as alt-coins up their game. They won't continue to be terrible competition to bitcoin because eventually one will make a breakthrough and find some real world utility. It's a good time to buy bitcoin and I would advise anyone to do that, I just think it's best to include some alt-coins also, maybe a 70/30 split between bitcoin and altcoin.
I think we are basically walking past 4200 now, some are trying shorts but really I expect is to go back to 6000 for a real midday showdown. A good gunfight between between shorts and bulls should occur around 6000 because that figure has been the biggest figure for all of 2018
I am expecting a bound range of 3200 to 4900 till the summer and then we can expect some movement at the later part of 2019 and the halving is coming up, so there is no doubt in my mind that we will see a rally during that time, it was like that in the past and i expect the same pattern in the future, the price might go up for a short time, but it will come down eventually to the range bound i am expecting. For long term investors it is a good opportunity to get the coins, just get rid of the other coins and focus just on bitcoin is the way to go moving forward for all the new investors in this platform. We are near the bottom already for a year) Every time BTC is falling everybody writing we near bottom buy as much as you can) Nobody can is this bottom or not)
No one know that which is a bottom but we have to buy whenever we have money to buy Bitcoin as any time the price of Bitcoin enter the bull run and after that everyone who waited for the bottom and not bought will regret. I will Bitcoin is a coin which price is not predictable but only the good steps work for the better price so any time a good step can boost the price of Bitcoin. We are Close To The Bottom:
I am thinking the same it seems we are actually close to the end of this bearish market. This new month something is going to happen that will change the whole equation. Traders are facing hard time and lose but those that were able to hold for long-term are going to make money from this market. I believe that now is the right time to buy bitcoin and some of the old coins.
I think that we are as well.
It's interesting, because mainstream media is sort of an indicator of where the sentiment of the market is. When everyone is panicking about bitcoin and there are no bullishness in the market, even though there may be bullish news such as institutions trying to get into the market with their trading services, you know that it's close to the point of capitulation.
Even though we might dip further, I think that we're already in a nice accumulation zone where the smart money has started to come in already. I wouldn't expect prices to go under much further than $3k, as I think there is still a lot of long term demand there. It makes sense to invest contrary to what the market sentiment is right now.
It's interesting, because mainstream media is sort of an indicator of where the sentiment of the market is. When everyone is panicking about bitcoin and there are no bullishness in the market, even though there may be bullish news such as institutions trying to get into the market with their trading services, you know that it's close to the point of capitulation.
Even though we might dip further, I think that we're already in a nice accumulation zone where the smart money has started to come in already. I wouldn't expect prices to go under much further than $3k, as I think there is still a lot of long term demand there. It makes sense to invest contrary to what the market sentiment is right now.
Whales aren't going to come and just start to buy everything up. If they do come they'll place their orders and let people fill them, why would they push up the price when they can just wait a little while and get cheaper coins?
Whales don't have to push the price up. The job of whales isn't signalling that they are a whale, but to make it seem they are not. In other words, they have their bots scooping up small amounts of coins on pretty much any level they are comfortable buying at, without affecting the market.
If you browse through the orderbooks of most larger exchanges, you see plenty of orders with similar amounts of coins, with some times very odd amounts as well. It's all bot activity.
What we could do to such high volatility and sudden dump? We are almost near to the bottom and yet the market seems likely to go down for more.
Precisely, they don't push the price up, they just let their orders continue to fill.
When we reach the real bottom there won't be many people left believing that bitcoin is going to recover any time soon. That could have been recently but a lot of people on this forum as still very bullish. Of course with that it's worthwhile considering that they may not be representative of all invested in to bitcoin.
Here on this forum are people that were here in 2013 and some even in 2011. It is easy to be a general after a battle. So super easy fro them. In general public is not the same. For most people Bitcoin is already dead. It will be way more dead at start of 2019 when people will get clear % of how much Bitcoin lost in 2018.
Exactly, and then in 2020 when they see Bitcoin pushing past $20k and they are like "wait I thought it died two years ago, oh well it must be about to crash again", and then 6 months later they see it pushing past $50k and that's when FOMO hits them all over again except now they are just trying to get a tenth of a bitcoin instead of a whole bitcoin or more.
It is very possible that the level of $3.5k is the current bottom, but it does not mean that it is the ultimate bottom. It is very likely that another wave will come soon. It will be a big increase and, unfortunately, an even bigger drop.. Even up to $1k! And in my opinion it will be a real bottom, which we should be afraid of.
Why would you be afraid of a bottom? A bottom by definition means its got nowhere to go but up.
Also I very much doubt it'll go down much past $3k if it even gets under $3k, and $1k seems extremely unlikely. Panic selling from the BCH split caused the current drop after a couple months of stability, that panic selling now seems to be over. Likely we're at a new stable level without another random large negative event affecting the whole market. I'd expect a sideways half year of movement in the $3k - $6k range. Sure it might go lower, but just I wouldn't be on it outside of another big somewhat-random event.
The bottom is probably around $3500 as it is too cheap to let that opportunity pass. Most of us will buy as much as we can at that price, even if everyone just buys fractions of bitcoin the price will hold or perhaps even rise
We are Close To The Bottom
Whenever we have a price drop, the campaign starts to justify the price drop, for some is correction and then start the race to find out where the fund is, this one is where many have a crystal ball and talk where the bottom is and when the price drops even more, they say the bottom is lower and so this is the crypto market. I do not know where the bottom is then I'll just be an observer
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Here on this forum are people that were here in 2013 and some even in 2011. It is easy to be a general after a battle. So super easy fro them. In general public is not the same. For most people Bitcoin is already dead. It will be way more dead at start of 2019 when people will get clear % of how much Bitcoin lost in 2018.
Here on this forum are people that were here in 2013 and some even in 2011. It is easy to be a general after a battle. So super easy fro them. In general public is not the same. For most people Bitcoin is already dead. It will be way more dead at start of 2019 when people will get clear % of how much Bitcoin lost in 2018.
Well, I'm using Bitcoin since 2013 and I would say this is not the first or the last such situation on the market like we are having now. So I don't actually get it why such drama. Except for the newbies that joined only last year. But for most of them Bitcoin is only about profit so they might get even more disappointed. But I wouldn't agree that Bitcoin is dead. If we think that Bitcoin is going to be dead every time when the price goes down then it died too much time until now.
I have not been invested in to bitcoin for very long and have seen the profit i'd generated turn from potentially life altering to next to nothing in the last year however I am not panicked, so it's nothing to do with having been around since bitcoin was very low in price. As BitBunny said, this is not the first and nor will it be the last time that bitcoin goes through such a crash. Each time will eventually become less significant but they will still continue to occur.
Anyone who is considering bitcoin dead has a very narrow-minded viewpoint on the matter. There have been countless examples of things that have been written off historically by many only to go on and dominate the world as we know it. Amazon stock crashed something like 99% in the big dot com bubble, last time I checked it wasn't dead
I think we got hit the bottom already now the prices is again moving over $3800 so which is the start of bull run maybe so get ready for the bull run before it start by buying the coins on your own or you will regret it later.
I don't want to expect for the bull run because for me, bitcoin is struggling right now and at the crisis. So, it is impossible for bitcoin to make another bull run or up again until over $10k, I think we will experience a low price of bitcoin in a long run. 
We are near the bottom already for a year) Every time BTC is falling everybody writing we near bottom buy as much as you can) Nobody can is this bottom or not)
No . i believe that is not yet the bottom because based on what i read in a news online ( from a reputable source ) they claim that crypto will continue to fall under 3k usd and the date or the period where the bearish trend could end is probably on may 2019 .
It was really shocking to hear those thoughts , that came from the experts .
But overall if this scenario could happen for real , then it is still a good news for those who constantly collect cryptos because they can still buy more coins in a cheaper price .
Forget about those experts, they simply as speculators as every does in the community so I wouldn't put too much weight on every so-called experts out there.
Yes, we might wake up at $1000 or $10000 who knows. As you can see we didn't past the $4300 mark as the market is almost red again. Ah, the beauty of crypto, we really don't know what's going to happen so we better prepared for the worst case scenario.
Looking at the hourly charts, I would need to see a clear break past $4100-$4200 to remain neutral. Right now its still bearish territory. Many are still short.
I think if we ever climb back to $6000, we will have a crazy Cup and Handle formation since many are probably holding their position from there.
I think if we ever climb back to $6000, we will have a crazy Cup and Handle formation since many are probably holding their position from there.
I think we are basically walking past 4200 now, some are trying shorts but really I expect is to go back to 6000 for a real midday showdown. A good gunfight between between shorts and bulls should occur around 6000 because that figure has been the biggest figure for all of 2018
So how we are going to end the year, sideways or fighting for higher. I dont think we'll really go out of this entire range we just broke into, we'll be bouncing around here for a while is my guess. Its a decent place to find a bottom price but its too soon to call that. First we sort out that higher price and my guess is the 4200 area is not the ceiling, its more of a mid way
Whales aren't going to come and just start to buy everything up. If they do come they'll place their orders and let people fill them, why would they push up the price when they can just wait a little while and get cheaper coins?
Whales don't have to push the price up. The job of whales isn't signalling that they are a whale, but to make it seem they are not. In other words, they have their bots scooping up small amounts of coins on pretty much any level they are comfortable buying at, without affecting the market.
If you browse through the orderbooks of most larger exchanges, you see plenty of orders with similar amounts of coins, with some times very odd amounts as well. It's all bot activity.
What we could do to such high volatility and sudden dump? We are almost near to the bottom and yet the market seems likely to go down for more.
Precisely, they don't push the price up, they just let their orders continue to fill.
When we reach the real bottom there won't be many people left believing that bitcoin is going to recover any time soon. That could have been recently but a lot of people on this forum as still very bullish. Of course with that it's worthwhile considering that they may not be representative of all invested in to bitcoin.
Here on this forum are people that were here in 2013 and some even in 2011. It is easy to be a general after a battle. So super easy fro them. In general public is not the same. For most people Bitcoin is already dead. It will be way more dead at start of 2019 when people will get clear % of how much Bitcoin lost in 2018.
Well, I'm using Bitcoin since 2013 and I would say this is not the first or the last such situation on the market like we are having now. So I don't actually get it why such drama. Except for the newbies that joined only last year. But for most of them Bitcoin is only about profit so they might get even more disappointed. But I wouldn't agree that Bitcoin is dead. If we think that Bitcoin is going to be dead every time when the price goes down then it died too much time until now.
This would mean that one entire unpleasant year for the markets is still ahead of us.
On another hand this would also mean that the next ATH should be over 300k. Hmmm...
How is more accumulation time unpleasant? I'm confident that the next ATH will piss on the $20,000 mark, but where it ends up peaking remains to be seen. In other words, buy as many coins as possible.On another hand this would also mean that the next ATH should be over 300k. Hmmm...
I am still nowhere near I want to be in terms of my position for the next bull run so I really don't mind the market taking it's time to rebound after this bear market. That quick bounce after that steep drop is certainly a good sign but not get ahead of ourselves. Lots of people also predicted a bottom at $6,000 and $4,000 and look where that weant.
Fact of the matter remains that nobody knows 'the bottom' and I have long given up on trying to guess it.
Even though bitcoin is getting lower then this will be an opportunity to buy, and there is no need to panic because bitcoin still has hope and will certainly be able to grow in the future.
Whales aren't going to come and just start to buy everything up. If they do come they'll place their orders and let people fill them, why would they push up the price when they can just wait a little while and get cheaper coins?
Whales don't have to push the price up. The job of whales isn't signalling that they are a whale, but to make it seem they are not. In other words, they have their bots scooping up small amounts of coins on pretty much any level they are comfortable buying at, without affecting the market.
If you browse through the orderbooks of most larger exchanges, you see plenty of orders with similar amounts of coins, with some times very odd amounts as well. It's all bot activity.
What we could do to such high volatility and sudden dump? We are almost near to the bottom and yet the market seems likely to go down for more.
Precisely, they don't push the price up, they just let their orders continue to fill.
When we reach the real bottom there won't be many people left believing that bitcoin is going to recover any time soon. That could have been recently but a lot of people on this forum as still very bullish. Of course with that it's worthwhile considering that they may not be representative of all invested in to bitcoin.
Lol. I don't even think many of those bullish and bearish peeps are actually holding bitcoins 😆 and i'm not sure about whales just waiting to have their orders filled. I mean, maybe some of them are aggressively trying to influence the market. They can do that if they want to.
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