What’s going to make Bitcoin turn from a downward to an upward trend? - page 3.

virasog

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Quote from: Superdoctor on October 14, 2022, 08:15:12 AM

I agree Bitcoin can go to about $12000 - $15000 downwards. Check out this link for what’s going to make it turn to an upward trend again. I think this is the most accurate answer I’ve gotten so far
https://www.instagram.com/reel/Cjo7KL3LMxu/?igshid=NDRkN2NkYzU=

Everyone has their own opinion, and no one knows exactly how low bitcoin can go. Usually what the majority of the people thinks, bitcoin never does to that value. I remember that in 2020, when bitcoin reached around 3800$, people were antecipating 1000$ too but it never reached that value.
This time people are looking for 12,000$ to be the ultimate bottom. I think either bitcoin will not reach this value or it may fall even further to 8000$ (which is more unlikely to happen) and make the final bottom for this market.

freedomgo

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Quote from: Jet Cash on October 14, 2022, 08:22:23 AM

Time, just be patient.

Short but precise. If we can be patient the whole time and never gets panic every time the market price for bitcoin drops, then there’s no reason we won’t see an upward trend. Maybe we should also change the mindset of most of the investors and traders to stay positive all the time, and always maximize your investments when there is bear market as it’s the best entry of the year. The moment you see bitcoin’s price upward trend, that would be the best exit and sell our coins for huge profits.

Reid

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When a miracle comes down and tells us our economy will be in good shape with a snap of his fingers.
Look at the news. The value of Bitcoin doesn't rely with whales only, but it also reacts with small investors who are now having a hard time to trust investments as they are securing their money for worst thing to come.
I don't doubt the power of Bitcoin but there's a limit to how people can afford it especially in this trying times.
An upward trend will only happen if they feel secure about their jobs and that's where they can afford to invest, increasing the demand of Bitcoin once again.

STT

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Who is the person talking, they arent introduced though its a fair argument I guess. The problem I have is that crypto is not reliant on just one thing like a government or related body issuing a declaration that would be quite a weakness and quite centralized. Also even within that argument, the FED has no need to start printing again for prices to rise as literally the man mentions inflation which is the weakness of currency and ongoing price rises. To suggest we have inflation and so BTC will not rise is contradictory or your belief BTC is very much weaker then any other asset or form of value exchange.

BTC is highly speculative so this theory or many others is valid to discuss but this is also the explanation, we do rise too fast very often and so now we have a lull once again its boring and patience is tested. None of this is new, BTC price cannot always rise; I can only give my brief opinion having seen a couple cycles that BTC is doing ok long term and comparatively FIAT paper is distressed dont mix those two up thats the correct order despite this BTC pull back.

lixer

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Quote from: rodskee on October 18, 2022, 04:05:07 AM

Quote from: Superdoctor on October 14, 2022, 08:15:12 AM

I agree Bitcoin can go to about $12000 - $15000 downwards. Check out this link for what’s going to make it turn to an upward trend again. I think this is the most accurate answer I’ve gotten so far
https://www.instagram.com/reel/Cjo7KL3LMxu/?igshid=NDRkN2NkYzU=

yeah another Instagram account to be followed , lol if bitcoin tend to go down there is nothing we can do but accept it so either will go down turn or up? who really cares while the whole world now is suffering ?

Upward will surely come but it is about TIME to expect.

but if this going to happen this soon? then I will be in favor as i am buying a chunk with that low price .

There is one or more things that we can do when the market is falling down and that would be; buying, selling at a loss, and just simply hodling. Buying can prevent the price to dump more if more people are going to do it and it can even help the price to recover and rise.

A lot of us could care whatever the movement btc is making because each of us has our own goals. One is to sell for a profit so they don't want the price to go down at the moment but for those who already done selling, they are now waiting for the price to go down so that they can buy bitcoins again. For now, no one knows what can happen since the market is so confusing so better not expect much.

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Quote from: Superdoctor on October 14, 2022, 08:15:12 AM

I agree Bitcoin can go to about $12000 - $15000 downwards. Check out this link for what’s going to make it turn to an upward trend again. I think this is the most accurate answer I’ve gotten so far
https://www.instagram.com/reel/Cjo7KL3LMxu/?igshid=NDRkN2NkYzU=

It is a sort of underestimating the market and it is because nobody is capable enough to move the market wherever he/she wants to go. We can manipulate some coins at it move temporarily but if we talk about Bitcoin, you simply never think about in a decentralized project like this. It was just an assumption that barely not to happen in real scenario. Bitcoin move freely, it pump and it dumps depending on the market situation and demand and supply, not because of someone is controlling on it.

onecall123

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That won't happen. The area between 12-13 appears to be a pretty good confluence, but I don't think it will get that far. However, accumulating BTC in the 19K range is still very expensive for most people.

It's a bit long. This price level has been at this level for almost four months. It is the last nuke that everyone is waiting for. The moment won't come when anyone expects it.

There will be volatility soon! A big move is just around the corner?

OgNasty

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I don’t think the market will turn until the mtgox coins are distributed even though history would point to the bottom of this cycle being found in the next month. There is just a lot of unknown hanging over the market at the moment. I believe once the recession has started taking people’s jobs and they’re forced to liquidate their crypto holdings and most everyone who trades has gone short hoping for the gox coins to crash the market, then it will quickly and violently turn to the upside, wiping out shorts in the process.

cozytrade

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The BTC market shows positive growth for a very long time. Investors earned a lot of money. Now the market is consolidating to clean shit projects and weak hands. These same patterns are repeated in every BTC bull and bear cycle. If a year goes mostly bull then next year will be bear. This year already ended so there is a chance that the BTC market will gain momentum next year.

adaseb

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Still pretty much sideways day. There is a small chance that tomorrow we might see some volatility because there is like $8Billion worth of ETH and BTC options that expire.

Honestly however most likely nothing will happen. We get these huge expires pretty frequently and most of the time nothing happens.

However if they are surpressing price due to some option waiting to expire then it’ll be apparent tomorrow.

lienfaye

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Hype and demand can make the price increase. But some people are just waiting for the price to increase again, that's what they think the time for them to engage themselves because they don't want to be left out hence they want to join the ride. But at this point the price doesn't have a huge changes and just moving sideways for months now. It's not bad actually because it's a time for us to accumulate while we still can.

It really takes patience for investors to gain because the price of Bitcoin is unpredicted. Thus, instead of wondering for the reasons that can influence the price to increase, much better to focus on what you can do at this time for your own benefit so if the price turn upward again you won't have regret that you didn't do something.

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Quote from: Superdoctor on October 14, 2022, 08:15:12 AM

I agree Bitcoin can go to about $12000 - $15000 downwards. Check out this link for what’s going to make it turn to an upward trend again. I think this is the most accurate answer I’ve gotten so far

There is not a single reason why the price of bitcoin goes down and the same is true when it goes up, it is a combination of factors and right now the conditions are nowhere near ideal for this to happen, we need to wait for a few years before the next bull market is ready to appear, but that is not a problem as you can use all of that time available to buy more bitcoin, learn how to trade, code a trading bot or do whatever you think you need in order to become profitable during the next bull run.

Mahanton

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Quote from: $crypto$ on October 19, 2022, 01:05:58 PM

Quote from: dunfida on October 18, 2022, 05:59:19 PM

Patience would be mainly tested out when you do deal up with crypto space specially with Bitcoin.If we do speak about factors that make the market to move upward then it would definitely pertains about
recognition and adoption and overall everything is totally random which we cant really able to precisely tell on when it would happen.Whether on some bullish fundamentals or
would just simply make out some random movements which is really that a very common behavior.

This is why its really that important that you should really be making out some accumulation while the market is still on bears.

Especially when the mental bear market will be tested for a long time and it is with patience that we can relieve the anxiety of this unpredictable market reaction, of course, that factor will be common in all of the news acknowledgments out there but it can't be. determined to go bullish but indeed we are still in a fairly difficult economic period which causes prices to be bearish too, the conclusion is that no one knows when this will end but for sure we must persist in this case.

It do really raises up some stress and anxiety if you do really make yourself do keep predicting on what would be the price or making yourself been expecting that a particular time or moment
where the price do make out some movement.On the times where economic problems been around then it is really hard to push for people to make out investment and this is the result which
isnt really that affecting only traditional markets but also in other markets as well.Everything would turn out to be green if economic situations seems to neutralize or at least we are seeing some good
news which will really be able to change up the entire trend but now one really knows on when it would be.

$crypto$

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Quote from: dunfida on October 18, 2022, 05:59:19 PM

Patience would be mainly tested out when you do deal up with crypto space specially with Bitcoin.If we do speak about factors that make the market to move upward then it would definitely pertains about
recognition and adoption and overall everything is totally random which we cant really able to precisely tell on when it would happen.Whether on some bullish fundamentals or
would just simply make out some random movements which is really that a very common behavior.

This is why its really that important that you should really be making out some accumulation while the market is still on bears.

Especially when the mental bear market will be tested for a long time and it is with patience that we can relieve the anxiety of this unpredictable market reaction, of course, that factor will be common in all of the news acknowledgments out there but it can't be. determined to go bullish but indeed we are still in a fairly difficult economic period which causes prices to be bearish too, the conclusion is that no one knows when this will end but for sure we must persist in this case.

cryptomaniac_xxx

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Quote from: GeorgeJohn on October 18, 2022, 06:55:07 PM

Bitcoin increment is been determined by the gravity or the force of investors who just come up or enters into the investment platform, so making a big suggestion that Bitcoin is going to experience more depreciation in the market and to the extent of reaching fifteen thousand (15k) is just a personal opinion or suggestions, because Bitcoin can rise now and within a short time bitcoin increase, so therefore the price of Bitcoin is not constant or fixed.

I mean it's a question on what affect the price movement, yes, it's possible to move down to $15k, but what will be the cause? does it mean that investors are tired and will just have to sell at this point so that the price will go down that low?

Or is the reason is that the global recession is forthcoming, lots of uncertainty and we don't know what will happen to the world because everyone seems to be feeling the effect of the war and other geo-political thing around.

GeorgeJohn

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Bitcoin increment is been determined by the gravity or the force of investors who just come up or enters into the investment platform, so making a big suggestion that Bitcoin is going to experience more depreciation in the market and to the extent of reaching fifteen thousand (15k) is just a personal opinion or suggestions, because Bitcoin can rise now and within a short time bitcoin increase, so therefore the price of Bitcoin is not constant or fixed.

Vinaa77

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Quote from: Superdoctor on October 14, 2022, 08:15:12 AM

I agree Bitcoin can go to about $12000 - $15000 downwards. Check out this link for what’s going to make it turn to an upward trend again. I think this is the most accurate answer I’ve gotten so far
https://www.instagram.com/reel/Cjo7KL3LMxu/?igshid=NDRkN2NkYzU=

There is no accurate answer on this. They all also speculate in terms of Bitcoin price. Everyone can predict the price of Bitcoin in the future, either a year or two. I think from various variations of opinion, there will be one right. If you read the 2019 news, there is all sorts of speculation about the price of Bitcoin, ranging from $50k, to $150k. And they're all great people, billionaires.

dunfida

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Quote from: $crypto$ on October 18, 2022, 03:26:35 PM

Quote from: Oceat on October 15, 2022, 06:58:17 PM

I hope so... $12k to $15k is a bit low but if it will happen then that's a good time to buy even more. Maybe that might be possible since in the last bear the lowest price was in $3k but we just have to be patient for that to happen and there's no need to be hasty for everything since it will eventually go there. Everything is just about waiting and see how long it will take to change the market price.

Just like what the above said "time" will move everything.

The lower you have to buy the more you buy and don't miss it... but if you want even lower then be patient and wait for the right time but for me Bitcoin can't be as low as $12k so that moment is not in my mind even though in the future it will happen but I don't care if I have spare money to buy then I buy again when the market price has changed, but my average purchase is $19k which is quite low in my opinion.

Yes, time will move the market price, it may go down, it may go up, it's our decision to stay patient. Grin

Patience would be mainly tested out when you do deal up with crypto space specially with Bitcoin.If we do speak about factors that make the market to move upward then it would definitely pertains about
recognition and adoption and overall everything is totally random which we cant really able to precisely tell on when it would happen.Whether on some bullish fundamentals or
would just simply make out some random movements which is really that a very common behavior.

This is why its really that important that you should really be making out some accumulation while the market is still on bears.

$crypto$

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Quote from: Oceat on October 15, 2022, 06:58:17 PM

I hope so... $12k to $15k is a bit low but if it will happen then that's a good time to buy even more. Maybe that might be possible since in the last bear the lowest price was in $3k but we just have to be patient for that to happen and there's no need to be hasty for everything since it will eventually go there. Everything is just about waiting and see how long it will take to change the market price.

Just like what the above said "time" will move everything.

The lower you have to buy the more you buy and don't miss it... but if you want even lower then be patient and wait for the right time but for me Bitcoin can't be as low as $12k so that moment is not in my mind even though in the future it will happen but I don't care if I have spare money to buy then I buy again when the market price has changed, but my average purchase is $19k which is quite low in my opinion.

Yes, time will move the market price, it may go down, it may go up, it's our decision to stay patient. Grin

rodskee

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Quote from: Superdoctor on October 14, 2022, 08:15:12 AM

I agree Bitcoin can go to about $12000 - $15000 downwards. Check out this link for what’s going to make it turn to an upward trend again. I think this is the most accurate answer I’ve gotten so far
https://www.instagram.com/reel/Cjo7KL3LMxu/?igshid=NDRkN2NkYzU=

yeah another Instagram account to be followed , lol if bitcoin tend to go down there is nothing we can do but accept it so either will go down turn or up? who really cares while the whole world now is suffering ?

Upward will surely come but it is about TIME to expect.

but if this going to happen this soon? then I will be in favor as i am buying a chunk with that low price .

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