what is the bottom of this bear market BTC

btc_angela

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Quote from: Davian144 on November 15, 2022, 01:55:45 AM

Quote from: Bitcoin2009 on November 12, 2022, 05:03:11 AM

Last week I bought Bitcoin when the price of $ 21K because many predictions were sure that the market would rise and reached at least $ 35k at the end of the year, unfortunately FTX made everything chaotic and we had to lose a lot of money in 2 days, and according to the prediction that the FTX case would be Repeated again in another exchanges.

Who said the prediction? Because I do not think that the same case will be repeated in other exchanges. Meanwhile, the FTX case is just a feud with the Binance exchange where Binance can still be relied on by everyone in crypto. So it would be very funny if someone could predict a case that hasn't happened on other exchanges by saying the same thing. And did you feel regret when you bought Bitcoin at $21K? Because now the price of Bitcoin is under $ 17K.

We have seen what really happen to FTX in the next 2 weeks after this post, so basically SBF really mismanaged the funds of his investors causing the exchange to fall and then collapsed, it's not about he feud between CZ and SBF or Binance or FTX. On the other hand, CZ try to help out but in the end, he has to pull out because the issue is really out of control.

And then we've seen the price going to a new lower lows of $15,500, and although we have somewhat gain at $17k right now, still very far from what everyone thought that the price will be at the end of the year. Everyone predicts at least $20k-$25k.

Yatsan

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Hard to tell;some are saying Bitcoin would reach $13k and some believes that it would be $16k which is the floor price. In fact we're not sure yet of how long will the market price struggle at the current barrier. There are no clear signs still on its market value even if this year is about to end (market prices are expected to increase on the 4th quarter of 2022). If the beatish trend will continue until next year, I think the market value of cryptos not only bitcoin are subject for lower market prices, so let us hope things would start to recover.

Quote from: Viscore on November 12, 2022, 04:58:56 PM

Quote from: Pierre 2 on November 06, 2022, 02:40:23 AM

Looks like majority voted over 15000 for this poll but I don't think so. People always underestimate how bears can work in crypto markets and how strong they can get. In Current psychology, market players see Bitcoin price somewhere between 15k-25k. Although it can be easily changed if there was huge dump, triggering under 15k orders. This is unlikely to happen now - but we can't say it will never happen.

With the present price of bitcoin dumped into $16k today, I think it will never stay $15k above in the next possible days. Bitcoin has higher chances to drop more if another issue will affect bitcoin again and as long the bear market stays, we should be more open for a lot of possibilities that bitcoin price will stay in the range of $12k-$15k in this bear season.

$15k is a more realistic price prediction especially at this moment. Cryptoindustry are quite having a noide these days, unfortunately, negative news were also included in that noise. Once good things come one after another, there would be a clearer chance for recovery.

Davian144

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Quote from: Bitcoin2009 on November 12, 2022, 05:03:11 AM

Last week I bought Bitcoin when the price of $ 21K because many predictions were sure that the market would rise and reached at least $ 35k at the end of the year, unfortunately FTX made everything chaotic and we had to lose a lot of money in 2 days, and according to the prediction that the FTX case would be Repeated again in another exchanges.

Who said the prediction? Because I do not think that the same case will be repeated in other exchanges. Meanwhile, the FTX case is just a feud with the Binance exchange where Binance can still be relied on by everyone in crypto. So it would be very funny if someone could predict a case that hasn't happened on other exchanges by saying the same thing. And did you feel regret when you bought Bitcoin at $21K? Because now the price of Bitcoin is under $ 17K.

Reatim

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Quote from: udayantha11 on October 09, 2022, 01:39:48 PM

Lets poll the lowest BTC price can expect this bear market

Looks like the 30% of voters are the one who wins here , because I thing there are lots of dumping to happen any time soon , not only this FTX there will be another for sure as we are coming near to Halving of bitcoin miners.

https://coinmarketcap.com/currencies/bitcoin/

Still lowering now, I thought recovery comes already yesterday but seemingly another trap.

Maidak

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Quote from: wxa7115 on November 13, 2022, 01:01:34 AM

Quote from: Slow death on November 11, 2022, 07:01:26 PM

honestly the situation is very worrying, the price can even fall below 15000$ if the situation is not resolved, and as the bad news keep coming, for example:

FTX US suspends withdrawals, according to on-chain data

this whole problem that has only been getting worse every day and has no solution in the short, medium and long term can push the price as low as 14000$ where it could be strong support, if it breaks then we would see the price drop to 10000$, in this At the moment I have already stopped trading, and honestly I will not trade again due to fatigue. but for people who want to buy to make hodl they need to be very careful

There are market conditions in which the best move is to simply stay away from the markets and do something else with your time, now this may sound odd to some but this is the best way to deal with this situation as a trader.

Otherwise you will go crazy trying to figure out which way the market is going to move next, it is simply better to let this crisis runs its course and once we can say is over then we can decide which is the move that is the best according to what we see the market doing at the time.

I agree with you, nothing sounds weird here. In my opinion, for days with some big news or events, we should stand outside and watch rather than rush into the market thinking we can beat it. With major crashes like this any analysis or prediction becomes meaningless and if we trade during this period it is no different than we are gambling. As long as the market survives, there are still opportunities to make money, so don't take too much risk and put pressure on yourself.

wxa7115

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Quote from: Slow death on November 11, 2022, 07:01:26 PM

honestly the situation is very worrying, the price can even fall below 15000$ if the situation is not resolved, and as the bad news keep coming, for example:

FTX US suspends withdrawals, according to on-chain data

this whole problem that has only been getting worse every day and has no solution in the short, medium and long term can push the price as low as 14000$ where it could be strong support, if it breaks then we would see the price drop to 10000$, in this At the moment I have already stopped trading, and honestly I will not trade again due to fatigue. but for people who want to buy to make hodl they need to be very careful

There are market conditions in which the best move is to simply stay away from the markets and do something else with your time, now this may sound odd to some but this is the best way to deal with this situation as a trader.

Otherwise you will go crazy trying to figure out which way the market is going to move next, it is simply better to let this crisis runs its course and once we can say is over then we can decide which is the move that is the best according to what we see the market doing at the time.

Viscore

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Quote from: Pierre 2 on November 06, 2022, 02:40:23 AM

Looks like majority voted over 15000 for this poll but I don't think so. People always underestimate how bears can work in crypto markets and how strong they can get. In Current psychology, market players see Bitcoin price somewhere between 15k-25k. Although it can be easily changed if there was huge dump, triggering under 15k orders. This is unlikely to happen now - but we can't say it will never happen.

With the present price of bitcoin dumped into $16k today, I think it will never stay $15k above in the next possible days. Bitcoin has higher chances to drop more if another issue will affect bitcoin again and as long the bear market stays, we should be more open for a lot of possibilities that bitcoin price will stay in the range of $12k-$15k in this bear season.

Bitcoin2009

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Quote from: Slow death on November 11, 2022, 07:01:26 PM

honestly the situation is very worrying, the price can even fall below 15000$ if the situation is not resolved, and as the bad news keep coming, for example:

FTX US suspends withdrawals, according to on-chain data

this whole problem that has only been getting worse every day and has no solution in the short, medium and long term can push the price as low as 14000$ where it could be strong support, if it breaks then we would see the price drop to 10000$, in this At the moment I have already stopped trading, and honestly I will not trade again due to fatigue. but for people who want to buy to make hodl they need to be very careful

Last week I bought Bitcoin when the price of $ 21K because many predictions were sure that the market would rise and reached at least $ 35k at the end of the year, unfortunately FTX made everything chaotic and we had to lose a lot of money in 2 days, and according to the prediction that the FTX case would be Repeated again in another exchanges.

Slow death

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honestly the situation is very worrying, the price can even fall below 15000$ if the situation is not resolved, and as the bad news keep coming, for example:

FTX US suspends withdrawals, according to on-chain data

this whole problem that has only been getting worse every day and has no solution in the short, medium and long term can push the price as low as 14000$ where it could be strong support, if it breaks then we would see the price drop to 10000$, in this At the moment I have already stopped trading, and honestly I will not trade again due to fatigue. but for people who want to buy to make hodl they need to be very careful

South Park

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Quote from: bitterguy28 on November 06, 2022, 08:13:03 PM

Quote from: udayantha11 on October 09, 2022, 01:39:48 PM

Lets poll the lowest BTC price can expect this bear market

you forgot to mentioned which year is that? 2022 ? or before the Bull run comes/ if that is the question then i think we are still not having the bear then.
My speculation this could go even below 10k before the momentum of Bull comes and that would be 100k ?
so lets see what happens in the next coming years, but 2022 is near to end and I think that 17k is the lowest.

The developments on the battle between Binance and FTX have changed the way we look at the market in just a few days, at this point I do not see how FTX is going to survive and if that is the case a great deal of people will lose their money, whether because they invested in their token or because they had their money deposited at this exchange, and this will destroy any chance for a small recovery we had during the next months, while at the same time it increases significantly the chances we may see yet another crash at the end of the year.

GeorgeJohn

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Quote from: Pierre 2 on November 06, 2022, 02:40:23 AM

Looks like majority voted over 15000 for this poll but I don't think so. People always underestimate how bears can work in crypto markets and how strong they can get. In Current psychology, market players see Bitcoin price somewhere between 15k-25k. Although it can be easily changed if there was huge dump, triggering under 15k orders. This is unlikely to happen now - but we can't say it will never happen.

Yeah we can vote to be in between fifteen thousand and twenty five thousand (15k- 25k) but when market comes it changes the way, that's what people don't know, all this voting prediction are not sure, it's under probability the way am seeing it, so the investor will determine the market.

bitterguy28

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Quote from: udayantha11 on October 09, 2022, 01:39:48 PM

Lets poll the lowest BTC price can expect this bear market

you forgot to mentioned which year is that? 2022 ? or before the Bull run comes/ if that is the question then i think we are still not having the bear then.
My speculation this could go even below 10k before the momentum of Bull comes and that would be 100k ?
so lets see what happens in the next coming years, but 2022 is near to end and I think that 17k is the lowest.

Chato1977

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Quote from: Pierre 2 on November 06, 2022, 02:40:23 AM

Looks like majority voted over 15000 for this poll but I don't think so. People always underestimate how bears can work in crypto markets and how strong they can get. In Current psychology, market players see Bitcoin price somewhere between 15k-25k. Although it can be easily changed if there was huge dump, triggering under 15k orders. This is unlikely to happen now - but we can't say it will never happen.

But those who voted wanted to see it up, they don't wanna lose their hopes about this so I think over 15k speculation is enough and fair , it may cross 25k again but at least ? we won't see it falling below 15k .

the last bottom was 17k and this may be not done , but if I were to decide ? 17k is the bottom for me to invest again.

Pierre 2

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Looks like majority voted over 15000 for this poll but I don't think so. People always underestimate how bears can work in crypto markets and how strong they can get. In Current psychology, market players see Bitcoin price somewhere between 15k-25k. Although it can be easily changed if there was huge dump, triggering under 15k orders. This is unlikely to happen now - but we can't say it will never happen.

wxa7115

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Quote from: Questat on November 03, 2022, 08:53:37 AM

Quote from: YUriy1991 on November 02, 2022, 11:31:14 AM

For bitcoin lovers, it may be partly scary to see the price drop and partly waiting for it. Looking at skyrocketing transaction volumes, technological advances, market adoption versus bad things like negative media views, market manipulation, overall volatility of the crypto market, it looks like there is a possibility that BTC may be lower now and possibly to $14,0000.

However, bear markets are a natural part of the cryptocurrency cycle. BTC could remain bearish for some time. Or maybe rebound in a short time.

Does the market look scary to you? Not guess... As long as we are able to understand the volatility of the market, therefore, we are also aware that dumps and pumps will come. That is why instead of thinking negatively, we use to keep our mind stay calm as this will just pass by. I have no clue what will be the bottom price of Bitcoin nor do I think it badly. But what I see is the opportunity of the market when the drops come. Those who know how to hold will even receive rewards later.

We know that people in general fear the unknown, if the price remains close to the current levels then I think most of those which still have doubts about being invested in bitcoin can still hold their coins without too much of a problem.

But if the price begins to go down again and it reaches a new bottom those people will have a lot of problems holding their coins, not only because of the new and lower price but because at that point it would be impossible to tell how low the price can go, and during such scenario it would not be weird for them to sell their coins for a loss as they are in complete panic about the future price of bitcoin.

eightdots

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Quote from: Finestream on November 03, 2022, 04:59:17 PM

Quote from: Yamifoud on October 27, 2022, 05:26:10 AM

Quote from: udayantha11 on October 09, 2022, 01:39:48 PM

Lets poll the lowest BTC price can expect this bear market

Honestly, I have nothing wish for the bottom and am not even interested to know because no matter what we do, the drop will come in no specific time and price. But I think, the bottom price has already been reached in the past few days, and we are now looking forward to the market recovery.
And the reason I don't want to know it is because that will only gain negativity and those who don't understand the nature of the market will even think more about the negative, and panic selling may appear in their mind.

I would not say that the bottom price has already been reached because the fact that the market remains bearish, there are always chances for bitcoin to experience more price drops in the days or months to come. And I believe it’s even a great opportunity to start investing in bitcoin when it’s price is more bearish so you can maximize your purchase not only with bitcoin but also with established altcoins.

I do not know anyone who can say that this level is the bottom level for Bitcoin. I don't believe there are people who know people who can say that. The main thing is that everyone has a bottom level according to their own budget. Everyone will buy Bitcoin at some point and wait for the rise after that level. I think this is what it should be.

Finestream

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Quote from: Yamifoud on October 27, 2022, 05:26:10 AM

Quote from: udayantha11 on October 09, 2022, 01:39:48 PM

Lets poll the lowest BTC price can expect this bear market

Honestly, I have nothing wish for the bottom and am not even interested to know because no matter what we do, the drop will come in no specific time and price. But I think, the bottom price has already been reached in the past few days, and we are now looking forward to the market recovery.
And the reason I don't want to know it is because that will only gain negativity and those who don't understand the nature of the market will even think more about the negative, and panic selling may appear in their mind.

I would not say that the bottom price has already been reached because the fact that the market remains bearish, there are always chances for bitcoin to experience more price drops in the days or months to come. And I believe it’s even a great opportunity to start investing in bitcoin when it’s price is more bearish so you can maximize your purchase not only with bitcoin but also with established altcoins.

cryptomaniac_xxx

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Quote from: YUriy1991 on November 02, 2022, 11:31:14 AM

For bitcoin lovers, it may be partly scary to see the price drop and partly waiting for it. Looking at skyrocketing transaction volumes, technological advances, market adoption versus bad things like negative media views, market manipulation, overall volatility of the crypto market, it looks like there is a possibility that BTC may be lower now and possibly to $14,0000.

What do you mean?

Isn't it scary to see the price goes down to $69k to $20k already? So even if it went down to $14k, I think we have hold our emotions not to get affected by this negative news, afterall we should understand that we are in the bear market. And on the contrary, should take advantage of the price and buy and invest because it is very cheap. For sure this is just part of the natural process of bitcoin market, sooner or later we will have a good bounce back again, all time high could be in the 6 digits, in my opinion.

tygeade

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Quote from: kotajikikox on November 02, 2022, 08:03:04 AM

when you are talking about bear market it must be a continues falling but what we are having now is a stable market and the Bear had already gone.

I do agree that bull run could be starting sometime soon. It doesn't mean that it will happen right away and we will be 68k+ in a month, that’s not how the bull run works. I believe that we could be 30k by the end of this year, and around 40k to 50k by spring, and then around 100k by summer. If that is the path we are going to take then I believe we could actually do that.

This is going to be tough because of two reasons, first of all, we do not know when it will happen and secondly when it will stop. If you invest and wait for it to peak, then there is a chance you could hold until it peaks and then starts going down, so you should be careful about that as well.

Questat

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Quote from: YUriy1991 on November 02, 2022, 11:31:14 AM

For bitcoin lovers, it may be partly scary to see the price drop and partly waiting for it. Looking at skyrocketing transaction volumes, technological advances, market adoption versus bad things like negative media views, market manipulation, overall volatility of the crypto market, it looks like there is a possibility that BTC may be lower now and possibly to $14,0000.

However, bear markets are a natural part of the cryptocurrency cycle. BTC could remain bearish for some time. Or maybe rebound in a short time.

Does the market look scary to you? Not guess... As long as we are able to understand the volatility of the market, therefore, we are also aware that dumps and pumps will come. That is why instead of thinking negatively, we use to keep our mind stay calm as this will just pass by. I have no clue what will be the bottom price of Bitcoin nor do I think it badly. But what I see is the opportunity of the market when the drops come. Those who know how to hold will even receive rewards later.

Topic: what is the bottom of this bear market BTC (Read 897 times)