what now ? - page 5. | Bitcointalksearch.org

michellee

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Quote from: cafter on January 31, 2023, 11:09:50 AM

Bitcoin is very bullish at the moment ,
what you guys think , it's a short term rally or beginning of bull market
or I missed the bottom
i am something less active so ,
Want some updates

Maybe you are a few steps too late because bitcoin is currently at the $23k level. After all, the lowest bitcoin price has been passed and is $15k. But you don't need to be sad because bitcoin will still experience a correction so you can buy it. At this time, you can decide just to invest and not trade if you don't have enough skills to analyze bitcoin movements because that can get you in trouble. It's better to set aside a certain amount of money every week or month to invest so that if a bull run rally occurs, you can join other people and profit later.

CageMabok

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Quote from: cafter on January 31, 2023, 11:09:50 AM

Bitcoin is very bullish at the moment ,
what you guys think , it's a short term rally or beginning of bull market
or I missed the bottom
i am something less active so ,
Want some updates

You entered this forum on December 30, 2022, which means it was the end of last year where Bitcoin is currently still at a low price, although not the lowest, but still in the low category because it is still around $16K. If you had seen the price of Bitcoin on the market at that time, of course you would know that and also be able to conclude at the current price where Bitcoin is already in the $23K range. But it's still not too late for you if you have the desire to buy it from now because Bitcoin has just had a very small price correction.

aylabadia05

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Quote from: cafter on January 31, 2023, 11:09:50 AM

Bitcoin is very bullish at the moment ,
what you guys think , it's a short term rally or beginning of bull market
or I missed the bottom
i am something less active so ,
Want some updates

We still can't say this is the beginning of the bearish, at least the Bitcoin chart has started to bring a positive direction. Closing January at $23,139 is a new achievement since so long the price chart has played below the price of $20K or above $16K.
I was happy with the price at the beginning of the month and now the atmosphere is still going well with new support prices this year.

This situation is not yet decided where it will go, there could be another correction.
If you've ever made a purchase at the selling price of 1 BTC for $17K and chose to hold for the long term, that would be a good strategy.

nara1892

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Quote from: Yaunfitda on February 01, 2023, 04:27:49 AM

Quote from: cafter on January 31, 2023, 11:09:50 AM

Bitcoin is very bullish at the moment ,
what you guys think , it's a short term rally or beginning of bull market
or I missed the bottom
i am something less active so ,
Want some updates

Well you might have missed the bottom at $15,500. But in any case still a goo price to invest, projection for the next bull run is 6 digits, $100k-$200k so you can still make a good profit if you invest right now.

But I will say that we are still in the bear market. Probably is just just some recovery that we are seeing and maybe the next stop for the price is $25 k. And then maybe we will see if there is a correction (most likely), to around $20k again before moving to the next price level of $30k-$50k at the end of the year.

Hopefully this will be the start of bitcoin's awakening from a grueling bear season. Grin

Yes, maybe we won't see numbers below 20k again and maybe we will see them again. All that aside, I'm happy to see bitcoin's current price movement and it's making a lot of people who bought at the lowest price smile quicker than they should. Grin

We can't say for sure if this is the start or if the price will reverse, but there's no problem with that as long as we plan to invest in bitcoin for the long term.

Lucius

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Quote from: Yaunfitda on February 01, 2023, 04:27:49 AM

Well you might have missed the bottom at $15,500. But in any case still a goo price to invest, projection for the next bull run is 6 digits, $100k-$200k so you can still make a good profit if you invest right now.

The problem with all those who were waiting for the "bottom" is that various "experts" predicted $10k-12k, and the current price does not quite match what they expected, so many now have doubts like the OP. I can understand someone's hesitation if they want to invest a lot of money and maybe buy 0.5 BTC or more, but most of those who waited for the right moment invest several tens or hundreds of $ and actually will not save any significant amount in such calculations.

Quote from: Yaunfitda on February 01, 2023, 04:27:49 AM

But I will say that we are still in the bear market. Probably is just just some recovery that we are seeing and maybe the next stop for the price is $25 k. And then maybe we will see if there is a correction (most likely), to around $20k again before moving to the next price level of $30k-$50k at the end of the year.

That's my opinion too, but it's hard to explain to people that something big isn't happening if they know that recently the price was $16k and today it's $23k. If we're talking six-figure speculation after the halving in 2024, it really doesn't matter if someone missed the $15k bottom or if they're buying today, tomorrow, or a month from now.

Yaunfitda

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Quote from: cafter on January 31, 2023, 11:09:50 AM

Bitcoin is very bullish at the moment ,
what you guys think , it's a short term rally or beginning of bull market
or I missed the bottom
i am something less active so ,
Want some updates

Well you might have missed the bottom at $15,500. But in any case still a goo price to invest, projection for the next bull run is 6 digits, $100k-$200k so you can still make a good profit if you invest right now.

But I will say that we are still in the bear market. Probably is just just some recovery that we are seeing and maybe the next stop for the price is $25 k. And then maybe we will see if there is a correction (most likely), to around $20k again before moving to the next price level of $30k-$50k at the end of the year.

rodskee

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Quote from: cafter on January 31, 2023, 11:09:50 AM

Bitcoin is very bullish at the moment ,
what you guys think , it's a short term rally or beginning of bull market
or I missed the bottom
i am something less active so ,
Want some updates

Next time instead of asking directly since you admitted not being active so better to check each section specially here in speculation and even in main boards for more updates and understanding.
we have multiple threads in regards to this rally and I think it is not good to ask it again and again.
some may stand this is bull trap while others believes that this is a bull run but for me? whatever this is? still we must know where to stand and what to do , preparing our mind and heart will not hurt as though .

thecodebear

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If you weren't buying in after the FTX crash, then yeah you've almost certainly missed the absolute bottom. But in general the whole <$25k range is the bottom of the bear market. Bitcoin still has some work to do and very possibly a fair bit of time before it breaks out of the bottom. But yeah the post FTX <$17.5k bottom is almost certainly gone for good.

But if you're buying now you're still buying the bottom. Nothing wrong with missing $15k/16k/17k and buying at low $20k's. In 2025 price will probably hit $150k-$200k so you don't miss anything buy buying in under $25k.

aoluain

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and even of you did miss the bottom by what? $4000 - now its like 20%, when Bitcoin is
$100,000 its only 4%.

So what do you do?
Buy now, think of the medium to long term and be stress free,
OR
Wait until Bitcoin pulls back by $2000 to try and catch another bottom and run
the risk of the price going in the other direction and then you still have to buy at
a higher price.

Best not to get too stressed, Buy, DCA and be calm!

Don Pedro Dinero

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Quote from: cafter on January 31, 2023, 11:09:50 AM

Bitcoin is very bullish at the moment ,

LMAO.

Quote from: salad daging on February 01, 2023, 12:32:32 AM

No, it's not very bullish just at the start of the recovery <...>

I agree. Comments like the OP's are short-sighted. He is thinking about whether it is going to go up or down in a short period of time in order to buy or sell accordingly, which only a small percentage of traders are capable of doing profitably over the long term, and the OP doesn't look like one.

It is necessary to think more in the long term, with a view to at least 4 years from now, and if it is 8 years from now, even better. You ensure profitability and avoid headaches.

salad daging

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Quote from: cafter on January 31, 2023, 11:09:50 AM

Bitcoin is very bullish at the moment ,
what you guys think , it's a short term rally or beginning of bull market

No, it's not very bullish just at the start of the recovery since from a few weeks ago bitcoin has been trending positively, regarding short term or long term rally we can't guess more precisely but I think it will stay in a better situation and will continue continue the positive trend.
Bitcoin hasn't been corrected yet so for me this scenario could be a break to $25k in the future this month.

Quote from: cafter on January 31, 2023, 11:09:50 AM

or I missed the bottom
i am something less active so ,
Want some updates

You don't miss the bottom you can do it now without watching the market all the time but you have to buy bitcoin long term so I say it's still right to buy from now but if only for the short term then you have to determine the direction in the current recovery.
So what update do you expect? I guess it's obvious that it's a recovery.

slapper

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Quote from: cafter on January 31, 2023, 11:09:50 AM

Bitcoin is very bullish at the moment ,
what you guys think , it's a short term rally or beginning of bull market
or I missed the bottom
i am something less active so ,
Want some updates

After observing the chart, I think bitcoin has changed to increase further. The previous dump was surely FUD sell. However, more data is needed in order to make a more precise prediction. Bitcoin is currently at the resistance zone so its price will be volatile a lot.

Anyone who bought bitcoin low on tomorrow might be cheering right now. The recovery strength from the crash was outstanding. I thought we were in bearish season...

STT

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Trying to time the precise bottom price is a false perspective, you will make less money trying for perfection. Better to regularly be involved in a positive price progression and also trade some of that, hopefully in time to avoid some of the negatives. Overall most people wont have perfect aim, its arrogant to think so.

Higher price creates greater possible selling so the momentum of the trend must be maintained. The question is not if we pullback but the quality of how we do so on every opportunity I think. So right now BTC has some selling, its wavered some and then today recovered a bit also.

Here 1hr bars, the yellow line matters more its a slower weekly average and blue is faster movement. I think we're in the orbit of FED news, that event having gravity to keep us here until market has resolution for its direction. We can go higher of course but overall I think we explore all 20k prices.

mk4

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Quote from: cafter on January 31, 2023, 11:09:50 AM

or I missed the bottom

If you were actually trying to time the bottom — why? Do you actually think you can pinpoint the exact moment bitcoin bottoms then reverses? You don't need to strive for perfection when making buys, because in the end no one knows crap.

OgNasty

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Quote from: cafter on January 31, 2023, 11:09:50 AM

Bitcoin is very bullish at the moment ,
what you guys think , it's a short term rally or beginning of bull market
or I missed the bottom
i am something less active so ,
Want some updates

If this is the beginning of a multi-year rally, you may have missed the bottom but zooming out when it hits $200K you won’t be able to tell the difference between $16K and $23K on a chart. They will both look like the bottom. I wouldn’t want to be sitting on the sidelines if that’s the case. Sure, it might fall in the short term, but that’s why you have to weigh the risks and reward. I think I’d rather take the ride than watch where it goes.

cafter

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Bitcoin is very bullish at the moment ,
what you guys think , it's a short term rally or beginning of bull market
or I missed the bottom
i am something less active so ,
Want some updates

Topic: what now ? - page 5. (Read 578 times)