Topic: What is going on??? - page 3. (Read 699 times)

Yeah, OP's target is $100,000 but OP is still far on it, still needs 50%.
I am not sure for OP if even Bitcoin will reach $100,000 is he/she will take profits or sell their Bitcoin that bought at $11,000? I don't think so.
OP must relax and calm down, avoid keep watching the price of Bitcoin from time to time if they are for the long term as $100,000 is a very huge target.

maybe in the future $100,000 will be reached. but not now. if you look at this year's chart it is almost the same as last year's chart. this is a common thing. the feasibility of bitcoin as an investment field is unquestionable for me. but it depends on the thoughts of each person who has a head and content of his own mind.
what is clear today at a time when bitcoin struggles at 28k-30k will be decisive. between falling to 20k or going higher. what is clear is Bear Flag and Falling Wedge both show Bitcoin resistance at $36,000. and when the reflection reaches the area please be careful.

When you bought Bitcoin for $11,000 initially, you are currently in a profitable position.
What is happening now is an answer that the price of coins in the market can change at any time. But keep in mind that Bitcoin is a very good asset and there is no need to doubt the current state of its price. There will definitely be more improvements and it really depends on supply and demand.

Whenever the bear market comes, some crypto investors will act as if they don't know that something of that nature exists. They will panic spread FUD, then I will wonder if they are not aware that it will happen?
If newbies cry we may understand that they are new to the system, but it is tiring and uninteresting when non newbies cry at this time. Nobody knows when the red market will come, all is based on speculations and so we must plan, prepare and wait for it anytime it comes.
Bitcoin will hit $100,000 one day and it will also surpass the $100,000. It is just a matter of time everything will play out.

I think this happens because there is demand and supply that greatly affects the price of the bitcoin.

for the problem of predicting this Bitcoin will rise to the price of $100,000 maybe this will happen sooner or later, maybe it will be pumped after this, but I can't say for sure this will happen this year or a few years later, and I think so too, soon Bitcoin will be pumped with a very attractive price increase that is even very significant for us to look at in the future, but it could be that the price will be higher than the price figure that was previously said to be high, and maybe it will get to $100,000 as you mentioned earlier .

The thing is that a large amount of usually newer cryptocurrency users are only in when the market is hyped, once it dies down or goes through a correction phase, a large percentage of them quickly exit the scene. Myself included, completely abandoned Bitcoin after Bitcoin crashed in 2017, due to feeling totally hopeless, since it wasn't showing signs of recovery.

We need to understand and accept the fact that the market won't always rule in our favour, thus, going though such phases is inevitable and an expected process.

The bear market is something he doesn't like for some cryptocurrency users, especially novice users who are new to and have been presented with a reddened market, of course, they will be surprised to see that. But you are right, for investors who have far-reaching visions, of course, this bear market is an opportunity for them to increase their load, not sell out of panic. I am impressed by your optimism that btc will reach 100k in the future.

Being out of crypto world for a hwile is not an excuse for it because we had this type of situation for a long time now. Its really not a shock that we crashed hard during the last few weeks, even if I didn't check the prices, if someone told me that FED increased the interest rates, I would have guessed that bitcoin would have crashed and if I checked the prices now I would have guessed that FED alone may have done this, even if we ignore the whole Luna situation. However, eventually everyone will realize that crypto is a volatile thing and it will always have this kind of crashes, because we also have insane returns, like from 10k to 68k levels, if you are not shocked at that gain, you shouldn't be shocked at a loss neither.

Sounds like op was out of the crypto space for some time, if not he would have probably flip his btc during the ath and buy back. seems op is not familiar with the bear market period that's why he is asking what happened. Allow me to welcome you to the crypto bear market, a period most crypto investors don't like very much (except for few  who have long term vision).
The smart investors see this period as an opportunity to load more, so if your bag of btc is not so heavy now is the time to increase the weight. 100k will surely come in due time. 

This is simply just market volatility, you should be aware that investing in crypto is very risky because of its volatile nature. You purchase it at a lower price, cheaper than the current price, and although you already see a $63k price, you still choose to hold, so I suggest that you should do the same, bitcoin will eventually bounce back once the bear market is over.

You said it yourself, you bought at $11.000, the market has its ups and downs, let me remind you that the market took 2-3 years to recover from 2017's crash. Just because it reached $63.000 or even close to $70k in November's all-time high doesn't mean it's going to reach $100k any time soon.

We all need to be patient and especially understand that it won't always have an upwards trend. Chances are, the market isn't going to recover within the next few months, due to the great economic recession we're going through now.

You have a chance to take profit at almost x6 and now you are asking what's going on despite your insane gain? Bitcoin will not likely hit 100,000$ anytime soon but maybe in the future. The educated guess is very funny because how come a guess can have evidence to prove it unless it's just price speculation? The current price trend is in correction after hitting the all-time high for a long time frame. The price might go low or come back again to your entry price but you should always DYOR on what you are investing so that you will be confident in holding it for a long time. You should Take profit whenever you have a chance if you are just trading because you can get the profit when you sell at 100K if you just scalp trade after selling on the ATH.

Take profit when happy as always.

For the crypto markets, this is actually nothing new. You should expect volatility if you are investing in cryptocurrencies. If you are following a strategy, then it is certainly safer to start today and invest slowly, instead of making sudden and excessive purchases at a high price.

Cryptocurrencies have only begun to grow in importance for institutional investors in a few years. It is still early to say, how much those institutions will be active buyers in the future, and what that will mean for the market. As the market grows, though, expect more sophisticated financial market participants to enter, and that will be another factor that plays into the volatility.

Do you sell bitcoins when they hit $63k and wait for the price to drop sharply to $30,180 and buy more bitcoins at a low price? If yes, then congratulations. You've made a big profit.

This is a common correction for bitcoin and nothing to worry about. As I said earlier, if you can buy bitcoins at $30k or lower, then you've already got bitcoins at low prices and you just have to be patient until the price goes up high again. Bitcoins will hit $100k someday so if you can accumulate your bitcoin amount and have more bitcoins than ever before, you will make a bigger profit than before.

The market is what is going on, nothing has happened that hasn't happened before, if you are not new to crypto, you should ready know this by now.
We have the bull market for a reason, and we also have the bear market for a reason, we have up for a reason as well as down for a reason, everything is there for a reason.
Do you care for a little explanation? Ok here...
The bull market, which is a time the market goes up is a time or season that comes so that those who bought or invested in the market during bear season can profit.
And also, the bear market, which is a time the market goes down is a time or season that comes so that those who missed out in the bull market can get the opportunity to invest and wait for the bull market to come again.

So, whatever ever season the market is, please appreciate it because they present us with great opportunities, either to sell or to buy.

It surprises you because you miss a lot of things that happen from the time you bought Bitcoin at $11,000 until it reaches $63,000.

And with the volatile nature of the market, you'll never know and nobody could predetermine when this $100k comes. It may come someday and I guess the majority were patiently waiting for it. I do believe that you already gasp some ideas and market insight, nothing is stable in the crypto market.

You bought at $11,000 which was quite fair to you, then do not forget that some people missed the opportunity to buy when it was $11,000. So, those that missed out were actually waiting for another opportunity. It is therefore correct to say that what is going on is that btc is giving people that missed the opportunity to invest another opportunity to invest at $30,000. That is the nature of bitcoin.

Asking about if bitcoin will reach $100,000. If I may ask, was btc created that it must reach $100,000 dollars? Why the figure, and why the choice of $100,000?
It's high time we stopped stressing bitcoin and accept him for whom he is.

An account that was registered in 2016 doesn't have a clue about the history of bitcoin price sounds somehow, if you were lucky to buy bitcoin around $11k, and you observe its price go to $20k and drop down to $3k and still go back to $63k should know that bitcoin as a store of value will reach $100k for sure, just give it some time. Even now, you should be at profit irrespective of the time you bought your sats.
As suggested in previous replies, 1 BTC is BTC, continue to hold and you will understand the precious investment you have done so far, you will get to know that bitcoin is one of the best store of value.

Why do you need it to be 100k?
100 is just a round number. Bear in mind that 1 dollar from 2017 is not the same as 1 dollar from 2022. T2e inflation is so high that you've lost at least 15% of your money if you held USD for the last 5 years. If you bought Bitcoin in peak of 2017, which wasn't the best time to buy , you've gained 50% at today's price.
Whatever you do, in the 5 year time frame you will be successful holding bitcoin, even if you manage buy and sell at the same price because you'll defeat inflation.

Why are you worried about 30K? It's not going to be the end game price that we'll never go above. We all know how volatile bitcoin is. You see 30k today, next month it can be 40k and then 30k again and then 50k and back to 40. If you don't like today's price come back in a month and then a month later. One day you'll see it at the level that you'll be able to accept.

the average value window for Q3 2021-q2 2022 is about an average of $28k-$73k range

this is not based on market price stats.
this is based on fundamentals of the cheapest mining costs of modern current gen asics and electric prices of cheapest to most expensive in different regions.

the price sits within the comfort zone of this window. because no one can mine cheaper than $27k meaning everyone would buy when its cheaper to mine(in their region) helping support prices from ever dipping below this.
also if everyone can mine cheaper that the $73k then no one needs to buy at such a premium if everyone on the planet can acquire bitcoin even hobby mining for less.

this means that the $100k is outside this value window.

mining costs would have to rise to make it worthy of wanting to buy for upto $100k on the market whereby its not cheaper to just mine it.

right now asia, iceland and slavic countries love to mine as its cheap to mine. other places where its more expensive to mine they prefer to buy.

no one right now sees good reason to buy above ~$70k right now
most of the buyers are al bought up and had their 'fill' in the $40k range. where as the sellers of mined coin are still making profit but not wanting to sell at a loss so they wont want it going down to much more.
(unless hashrate tumbles down and asic next gen deliveries had a nice discount on hardware price)