What goes up must come down | Bitcointalksearch.org

buwaytress

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Quote from: bitterguy28 on June 18, 2022, 03:17:03 AM

Quote from: buwaytress on June 18, 2022, 02:48:36 AM

Well, it's happening guys. Didn't think we'd need to wait til Monday, but didn't think it'd also happen so early on Saturday, way to ruin our weekends huh Wink

Bitcoin now below the 2017 ATH is official. First time in history it's ever happened. Ethereum now below $1000 -- well below 2017 ATH.

We're going to get a lot of hurt, stay safe. What goes up must come down, we knew this was coming. Hold steadfast!

What I wanna do now? Is close my Eyes , stop looking at market stats, will use My other Mobile so i will prevent my self from checking my wallet (about how much is the value in dollar lol) and talk to my wife if I can use some of Her savings to add in our crypto holding, I will just take the advantage of the situation than feeling sorry and hurting.
though there are several thread i come across recently talking about Bitcoin falling down to 15k and below , i try preventing myself from believing lol.

Ha! I've done the closing eyes bit a long time ago. I mean, can't help but notice price whatever I do, since everything I do related to work is really just tied to this market. Couldn't avoid knowing the price even if I tried.

Just keep DCA as usual, and you'll be fine. 1 Bitcoin = 1 Bitcoin. And, unlike fiat, we know from history and from fundamentals that this is oversold, and when normalcy returns, we'll see healthier numbers.

bitterguy28

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Quote from: buwaytress on June 18, 2022, 02:48:36 AM

Well, it's happening guys. Didn't think we'd need to wait til Monday, but didn't think it'd also happen so early on Saturday, way to ruin our weekends huh Wink

Bitcoin now below the 2017 ATH is official. First time in history it's ever happened. Ethereum now below $1000 -- well below 2017 ATH.

We're going to get a lot of hurt, stay safe. What goes up must come down, we knew this was coming. Hold steadfast!

What I wanna do now? Is close my Eyes , stop looking at market stats, will use My other Mobile so i will prevent my self from checking my wallet (about how much is the value in dollar lol) and talk to my wife if I can use some of Her savings to add in our crypto holding, I will just take the advantage of the situation than feeling sorry and hurting.
though there are several thread i come across recently talking about Bitcoin falling down to 15k and below , i try preventing myself from believing lol.

justdimin

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Quote from: Kelvinid on June 17, 2022, 08:48:03 AM

And even that, I don't think we consider "what goes up must come down" in a real scenario. Though I believe about every 4-year cycle, however, never I think we get back down like in the past year when we almost fell down on the ground and causing panic and a start of panic selling. It was indeed not what I see in the market, may Bitcoin will drop below $20k but still, I wasn't worried about the future of Bitcoin.

Now, as we can see that many investors are accumulating Bitcoin, we could think about a price increase than a continuous decline.

The reason why we are not really worried about bitcoin going out, is the fact that we have been here for a while now, we know what the markets are like. This is why we believe in it so much. Doesn't mean that we can't, but it also means that we need to make sure that it is not going to be causing us to panic at all. It will go down and up and down and up and down and up again and again which will just have to be how it is.

So, just focus on what we have right now, and it's down, buy as much as you can, watch it go up, then watch it go down again and so forth. We know this, we have seen it happen before, and that is why we are acting this way as well.

buwaytress

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Well, it's happening guys. Didn't think we'd need to wait til Monday, but didn't think it'd also happen so early on Saturday, way to ruin our weekends huh Wink

Bitcoin now below the 2017 ATH is official. First time in history it's ever happened. Ethereum now below $1000 -- well below 2017 ATH.

We're going to get a lot of hurt, stay safe. What goes up must come down, we knew this was coming. Hold steadfast!

LogitechMouse

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Quote from: BitcoinBarrel on May 20, 2021, 09:15:02 PM

I have been saying for months that Bitcoin will most likely drop back down to the 20k range. Just look at the chart from 2018!

Well, it is the long term psychological support that's why when the bull run ends, it can be a strong support, and it is happening right now.

The drop of the peak to it's lowest drop in 2017-2018 was ~85% and if you will do it this time with the same percentage, it will go to $12,000 so for me if the psychological support $20,000 will be broke, I think we will see Bitcoin going as low as $12,000 because when the $20,000 support will break a huge selloff continues. Just a prediction.

Quote from: BitcoinBarrel on June 16, 2022, 04:13:20 PM

In before sub $20k.

I hope everybody is ready for what is happening right now. I'm not as ready as what others are, but I'm not panicking at all and instead of panicking, I'm slowly accumulating more for the future.

peter0425

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Quote from: Frengki_cisco on June 18, 2022, 01:10:27 AM

Quote from: BitcoinBarrel on May 20, 2021, 09:15:02 PM

I have been saying for months that Bitcoin will most likely drop back down to the 20k range. Just look at the chart from 2018!

Many new investors expect so, they are really preparing capital for Bitcoin's decline this time to $20k, they don't want to be disappointed like last year 2017.

and even Us who had been holding for long ? yet had our funds ready for this dump and indeed , bitcoin now is really making its way to the lowest and this is an advantage we don't wanna miss.
and yes , I have bought recently lol.

Quote

I have to agree with your idea, the history of 2018, becomes a guide for us in the future, nothing is impossible, the unexpected happens.

actually same as what happened in 2014 , but of course I am not in the market those time because I entered 2 years after that great bull run of halving .

Frengki_cisco

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Quote from: BitcoinBarrel on May 20, 2021, 09:15:02 PM

I have been saying for months that Bitcoin will most likely drop back down to the 20k range. Just look at the chart from 2018!

Many new investors expect so, they are really preparing capital for Bitcoin's decline this time to $20k, they don't want to be disappointed like last year 2017.

I have to agree with your idea, the history of 2018, becomes a guide for us in the future, nothing is impossible, the unexpected happens.

doomloop

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Quote from: btc78 on June 17, 2022, 03:22:12 AM

Quote from: BitcoinBarrel on June 16, 2022, 04:13:20 PM

In before sub $20k.

it only take couple of Months before it comes true , even me did not believe what you are saying last year but now it looks like clearly indeed to happen and yes it already happened.
but at least you predicted 20k and not below that level right? Grin

It actually took over a year because he posted this on may 2021 and the price of btc hit 20k on June the current year but yeah many people including me didn't believe that it will happen, I think that's because we only like btc to increase and increase more but we don't like it when it is dumping so we easily disagree on the topics like this most especially when the price or the market is still in good condition.

The only one that can make us believe is seeing the actual thing that happened but here it is, it did finally happen. The OP might only predict 20k but he can now be able to predict below then it since it is now very possible for the price to nose dive at any moment.

Questat

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Quote from: erick94 on June 17, 2022, 09:29:51 AM

Quote from: btc78 on June 17, 2022, 03:22:12 AM

Quote from: BitcoinBarrel on June 16, 2022, 04:13:20 PM

In before sub $20k.

it only take couple of Months before it comes true , even me did not believe what you are saying last year but now it looks like clearly indeed to happen and yes it already happened.
but at least you predicted 20k and not below that level right? Grin

Predictions that are quite painful when now come true, I hope some people here no longer predict bitcoin prices will decline because maybe some of them will come true Grin

, the current decline in bitcoin prices has really made many people including me lose half of the estimated money that I have, I hope that no more bad news hits bitcoin so maybe we will not cry tears of blood again Cry

.

It's only painful of bitcoin will collapse and will not recover anymore. What we are witnessing now is just normal here in crypto, we've seen many times before that bitcoin collapse but the good news is that it always bounces back and recovers.

If you still remember the bull run happened in 2017 when bitcoin hit $20k, after that, the correction came and bitcoin dumped to sub $3k, that's a huge loss but those who panicked did not enjoy the bull period because bitcoin hit over $60k from $3k low in 2018 IIRC.

So the point is, if bitcoin hits $10k or $5k, I think we should consider stacking up bitcoin so we will be able to enjoy the next bull run, and I have a feeling that the next bull run will result to a new ATH of bitcoin reaching at least $100k.

erick94

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Quote from: btc78 on June 17, 2022, 03:22:12 AM

Quote from: BitcoinBarrel on June 16, 2022, 04:13:20 PM

In before sub $20k.

it only take couple of Months before it comes true , even me did not believe what you are saying last year but now it looks like clearly indeed to happen and yes it already happened.
but at least you predicted 20k and not below that level right? Grin

Predictions that are quite painful when now come true, I hope some people here no longer predict bitcoin prices will decline because maybe some of them will come true Grin

, the current decline in bitcoin prices has really made many people including me lose half of the estimated money that I have, I hope that no more bad news hits bitcoin so maybe we will not cry tears of blood again Cry

.

Kelvinid

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win lambo...

Quote from: btc78 on June 17, 2022, 03:22:12 AM

Quote from: BitcoinBarrel on June 16, 2022, 04:13:20 PM

In before sub $20k.

it only take couple of Months before it comes true , even me did not believe what you are saying last year but now it looks like clearly indeed to happen and yes it already happened.
but at least you predicted 20k and not below that level right? Grin

And even that, I don't think we consider "what goes up must come down" in a real scenario. Though I believe about every 4-year cycle, however, never I think we get back down like in the past year when we almost fell down on the ground and causing panic and a start of panic selling. It was indeed not what I see in the market, may Bitcoin will drop below $20k but still, I wasn't worried about the future of Bitcoin.

Now, as we can see that many investors are accumulating Bitcoin, we could think about a price increase than a continuous decline.

btc78

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Quote from: BitcoinBarrel on June 16, 2022, 04:13:20 PM

In before sub $20k.

it only take couple of Months before it comes true , even me did not believe what you are saying last year but now it looks like clearly indeed to happen and yes it already happened.
but at least you predicted 20k and not below that level right? Grin

BitcoinBarrel

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In before sub $20k.

wxa7115

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Quote from: BitcoinBarrel on May 20, 2021, 09:15:02 PM

This is the 3rd or 4th time Bitcoin has Shot up to ATHs nearly vertical and then corrected itself. Should not be surprising to anyone at this point.

I have been saying for months that Bitcoin will most likely drop back down to the 20k range. Just look at the chart from 2018!

What do you people expect from this last bull run?

The difference is that this is not what happened during this bull run, it is true that bitcoin went up very aggressively at the end of 2017 but this was not true during this bull market in which the growth was milder.

Now is it possible that we are going to go back to the 20k levels? Yes, but to me it seems to be too soon precisely because of your observation, the market has not gone up in a parabolic way yet which is why I think this is a correction and we are yet to see the true all time high of this bull run.

dunfida

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Quote from: STT on May 26, 2021, 08:37:57 AM

Its always going up and back down again also, everyday pretty much but if we go up more then down its a gain so people just describe it as up. Its pulling back right now but I'll judge it positively if it holds certain levels in that pullback.

This is the convergance of the weekly, 2 day average and also a trend up and its all about 39k. More widely observed is the 200 day average and thats the recent ceiling to pricing, not surprising and so not really bearish to pull back from somewhere predictable. I'll take it as positive if we keep above this area roughly about 38.8k

Those candles doesnt really look bad and lets hope that it could really be able to hold or retain these levels for a while which is an indicative sign that we might really broke up this ceiling specially if its
been tested to have breakout for how many times. Actually these sideways movement is the best time for short-term traders like me to play up with those movements.
Not really a big swing but would really be considerable when making some scalping which is worth but somewhat bit risky.

Fundamentals Of

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This is probably the millionth time the price has shot up and corrected later on. This is not surprising anymore because this has always been the case with Bitcoin's price. When it has already created a new ATH, it will be due for correction sooner or later. And when it has already corrected, it will once again consolidate at a certain point, and then rise back once again, possibly creating a new ATH in the process. This is nothing new. Everybody should already be familiar with this.

See you $100,000 in a bit.

STT

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Its always going up and back down again also, everyday pretty much but if we go up more then down its a gain so people just describe it as up. Its pulling back right now but I'll judge it positively if it holds certain levels in that pullback.

This is the convergance of the weekly, 2 day average and also a trend up and its all about 39k. More widely observed is the 200 day average and thats the recent ceiling to pricing, not surprising and so not really bearish to pull back from somewhere predictable. I'll take it as positive if we keep above this area roughly about 38.8k

BuNga_cute

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Quote from: 2double0 on May 22, 2021, 04:49:01 PM

Quote from: ?? on ??

Yes. But just a reminder, what goes up doesn't come down in a straight line Wink

It's not an end to the bull run for btc, but it is also not going to continue the way it started off. First Elon, then China, both of them crashed the whole crypto but I look it as a positive sign as correction was important, so it came and higher are the chances that it will continue, but we are getting btc and altcoins for discounted values, so why bothered so much? Should buy and wait for the remaining partial bull run.

I agree that we should not always look at things only from the negative side, but we must be able to see the current market crash, there must be
a positive side. Maybe because since the beginning of this year until finally Bitcoin managed to go up to a price above $ 60k without correction,
finally there is a correction now. Since a healthy market does need correction, now is a good opportunity to buy Bitcoin and altcoins at low prices.
The most important thing in facing the current situation is our patience, because people who can be patient will get happiness in the end.

arwin100

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Quote from: Raflesia on May 21, 2021, 05:33:38 PM

Quote from: arwin100 on May 21, 2021, 04:59:00 PM

Many people miss to see this since majority keep looking to see more pump and thinking that we can shoot up more, I myself think that to but when I see a big fuds like currently what happen now I already secured my funds to usdt so that I will not left bag holding any alts and buy when the storm calm again. Bitcoin seems going for more dump since the threat still there but hopefully we cannot see more upsetting dumps since I'm sure many bag holders will be produce by this huge marker crash happening these days.

It is much better to secure assets to fiat to secure it from falling continuously for me this is still not calm enough and bitcoin will continue to be thrown away after many threats from FUD news do not stop thinking this will continue who knows how long it will end, but I realized only recently a few days bitcoin dump feels like it will still be recovering even it is difficult to say in the near future so we still have to look at the situation.

It's really a market crash I don't want to keep any coins in my bag except the fiat which I secure it is better not to fall for the price drops even this could be even worse than the current lowest price.

Now the crash is really alarming and better to secure our funds on stable coins and but for those people who got stuck at the top I guess its up to them if they do cutloss our grabs some funds to buy again at cheap on the market since for this they can possibly recover and have hodl balance for long term.

I guess we can experience more dumps and I expect more fear will spread due to the current continuous price drops.

magneto

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I don't think that this will be a repeat of 2018 per se.

The market is much more developed now with loads of institutional interest that won't just sell off because of a minor downturn in the markets. The resilience of the overall cryptosphere will be greatly strengthened with companies like Microstrategy that are committed to buying the dip and hence stabilising the price action.

Now of course, the bear market will come, and this is the start of it most likely. But I'm just saying that it likely won't be as protracted and bleak as last time.

Topic: What goes up must come down (Read 508 times)