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Topic: When Bottom? (Read 803 times)

hero member
Activity: 2366
Merit: 504
October 11, 2022, 05:13:56 PM
Many experts believe that the market will fall again so if we want to buy or invest wait at least a month, many analysts believe the price of ETH will drop below $ 1000 and if that happens then buy as much as possible as soon as the market is rising.
it's just speculation, honestly even these so called analyst will definitely having difficult time making forecasts in regard of btc and its trend in the middle of economic crisis, everything is uncertain but if we could accumulate everytime there's corrections surely it will results in some huge returns eventually, it just matters of seeking great chance in accumulation.
sr. member
Activity: 2282
Merit: 439
Cashback 15%
October 10, 2022, 12:37:51 PM
The crypto market has been bearish for a long time. So we are in a state of suffocation. The only question on everyone's mind is when will the bottom and crypto market pump again. But I think crypto market will take more time to rise. Because the bullrun is too late to come. Secondly, the global economic recession as a result of the Russia Ukraine war. So wait patiently.
I'm afraid we'll have to wait a really long time, because so far there have been four-year cycles that have worked perfectly all along. And the reasons for a bear market can be different, but only wars or crises. For example from 2017 to 2021 the situation was different, but the bear market also lasted several years before the bulls came back. In March 2020 nobody could imagine bitcoin falling to 3k again, so now it is also hard to say where the bottom will be.
member
Activity: 686
Merit: 21
October 09, 2022, 03:19:14 PM
The bottom has been at $17k for the time being and has been reached last month,
yes we know that September is very famously bearish for crypto currencies,
this is why many experts also say that the bottom has been reached and bullish in October is the beginning,
but we certainly have to prepare a strategy if Bitcoin dumps below $15k, because it has also been predicted by some experts as well.
The price of Bitcoin does not have a button so if the price rich 15000 dollars and start from there and write up to 20,000 dollars to 15,000 dollars is there the bottom of that particular currency or bitcoin for that moment, because bitcoin bottom is not guaranteed from what I'm seeing in cryptocurrency
full member
Activity: 1484
Merit: 101
October 09, 2022, 02:21:27 AM
#97
Many experts believe that the market will fall again so if we want to buy or invest wait at least a month, many analysts believe the price of ETH will drop below $ 1000 and if that happens then buy as much as possible as soon as the market is rising.
full member
Activity: 1526
Merit: 110
October 10, 2022, 07:40:59 AM
#89
The crypto market has been bearish for a long time. So we are in a state of suffocation. The only question on everyone's mind is when will the bottom and crypto market pump again. But I think crypto market will take more time to rise. Because the bullrun is too late to come. Secondly, the global economic recession as a result of the Russia Ukraine war. So wait patiently.
jr. member
Activity: 840
Merit: 6
October 11, 2022, 12:31:57 PM
#82
We will know in a couple days if interest rates are raised again. I'm going to guess that they won't because the Democrats have mid term elections in November and it won't look good for them if there is a stock market crash during that time. I think stocks and cryptos will do well in Q4, beyond that is anyone's guess but I'm topping off my ICP and LPR bags at the moment in preparation.
hero member
Activity: 1344
Merit: 565
October 10, 2022, 12:13:04 PM
#81
The bottom has been at $17k for the time being and has been reached last month,
yes we know that September is very famously bearish for crypto currencies,
this is why many experts also say that the bottom has been reached and bullish in October is the beginning,
but we certainly have to prepare a strategy if Bitcoin dumps below $15k, because it has also been predicted by some experts as well.
I would want to believe that if you look at the Bitcoin price chart in a daily time frame, it would seem as though October month might be more of a Bearish trend than Bullish. Both the MACD and the T3-CCI indicators and even the CPR all kind of pointing downward, we could see some more dips with the price. 
member
Activity: 519
Merit: 12
October 10, 2022, 05:58:20 AM
#80
The market situation report show that cryptocurrency market is on the bear market, where bitcoin price drop it affect other alt-coin in the crypto market, Therefore, what we need to understand that, the bottom line has not been drawn because bitcoin demand in the market is high, which is sooner or later, bull run we start, and this is a[ good entry points to buy for next pump in crypto market.
full member
Activity: 1162
Merit: 106
October 09, 2022, 11:42:39 PM
#79
The bottom has been at $17k for the time being and has been reached last month,
yes we know that September is very famously bearish for crypto currencies,
this is why many experts also say that the bottom has been reached and bullish in October is the beginning,
but we certainly have to prepare a strategy if Bitcoin dumps below $15k, because it has also been predicted by some experts as well.
I think in october it's gonna be hard for bitcoin to change its trend, there are so many things need to be considered, i'm sure btc could make recovery but surely it isn't in this month, even right now there aren't any signs of the changing trend, it will surely stuck around $20k for long, maybe in the beginning of the next year we gonna see some gradual changes towards the trends otherwise it will just stuck like this.

It seems that there is no sign that October can be better than September, and negative trends still continue, I prefer to wait until the price position can be low again to buy, And in my opinion the size of the bottom is if the price of BTC can be lower than $ 17K or the price of ETH below $ 1000.
hero member
Activity: 2296
Merit: 506
Cryptocasino.com
October 09, 2022, 06:07:12 PM
#78
The bottom has been at $17k for the time being and has been reached last month,
yes we know that September is very famously bearish for crypto currencies,
this is why many experts also say that the bottom has been reached and bullish in October is the beginning,
but we certainly have to prepare a strategy if Bitcoin dumps below $15k, because it has also been predicted by some experts as well.
I think in october it's gonna be hard for bitcoin to change its trend, there are so many things need to be considered, i'm sure btc could make recovery but surely it isn't in this month, even right now there aren't any signs of the changing trend, it will surely stuck around $20k for long, maybe in the beginning of the next year we gonna see some gradual changes towards the trends otherwise it will just stuck like this.
jr. member
Activity: 840
Merit: 4
October 09, 2022, 04:17:11 PM
#77
That Mt Gox loot is going to test the 'hodl-ness' of some cryptocurrency users because obviously the worth of bitcoin back then and now is a whole lot of money, and those long-suffering investors may want to cash out, and that can dip the bitcoin price. But bitcoin always bounces back. Always
legendary
Activity: 3752
Merit: 1415
October 09, 2022, 03:58:32 PM
#76
Taking a look at prices at coinmarketcap isn't giving me hope we are at the end of the bear market yet.
But the charts and the overpriced assets (Shiba Inu, Dogecoin, etc.) are not the only indicators.

There's an event we are waiting for that should finally end and that's no other than the MtGox coins release. Certainly, Bitcoin's price is decisive for the whole market.

Maybe the release of 100,000 BTC will not be that damaging. Sure if everyone sells, we will find new levels, but right now, I think it is the only event investors wait to begin buying both Bitcoin and altcoins.
Nobody wants to buy fearing MtGox holders will dump their 9 year forced-hodled coins. Maybe they won't but it is fear of a dump that blocks many investors at this point.
The soonest the MtGox BTC are released, the better for everyone in this market. The FUD will end, and if prices drop then we get a discount.

Singular events don't move the needle anymore.  They used to and maybe for alts they can crush or push them.  But price movement with bitcoin isn't event driven it is truly a market shift that causes new price swings.  Is this the bottom, who knows.
staff
Activity: 2436
Merit: 2347
October 09, 2022, 03:08:12 PM
#75
Maybe the release of 100,000 BTC will not be that damaging. Sure if everyone sells, we will find new levels, but right now, I think it is the only event investors wait to begin buying both Bitcoin and altcoins.
Nobody wants to buy fearing MtGox holders will dump their 9 year forced-hodled coins. Maybe they won't but it is fear of a dump that blocks many investors at this point.
The soonest the MtGox BTC are released, the better for everyone in this market. The FUD will end, and if prices drop then we get a discount.

The mt.gox bitcoin epic will go on and on. I recently read the news that bitcoin issuance has been postponed until early 2023. This year, as previously announced, there will be no refunds. I am not sure if this was the last postponement of bitcoin issuance to affected investors. This story could drag on for a very long time, being already synonymous with FUD. So don't pay much attention to such analytics.
sr. member
Activity: 2002
Merit: 250
October 09, 2022, 01:55:03 PM
#74
The bottom has been at $17k for the time being and has been reached last month,
yes we know that September is very famously bearish for crypto currencies,
this is why many experts also say that the bottom has been reached and bullish in October is the beginning,
but we certainly have to prepare a strategy if Bitcoin dumps below $15k, because it has also been predicted by some experts as well.
sr. member
Activity: 2016
Merit: 283
October 09, 2022, 11:53:17 AM
#73
even when tesla sold a lot of bitcoins in the last few months we didn't feel that much of an impact. because every time there is a decline there is always someone ready to buy more bitcoins. so if we pay attention today the number of btc holders on a small scale is growing to a lot and fast. so don't worry too much.
yup because there's a two types of buyers and sellers in the crypto market which is the investors and traders that's why there's a fluctuation and the growth of the market becomes so volatile.. If the OP wants to know where is the bottom is, then he need to have knowledge how to make technical analysis like what traders does to identify the possibilities of the market growth rate it's a big advantage indeed.
full member
Activity: 854
Merit: 100
October 09, 2022, 04:54:38 AM
#72
10k or 8k the buttom but idont know when it happen the market  is manipulated by the whales thats why its so hard to predict  ta is nothing beacuase of the whale manipulated market. ihope soon it will be reach the 10k.
full member
Activity: 1568
Merit: 100
COMBONetwork
October 09, 2022, 12:30:29 AM
#71
I think this downtrend will still lasts quite for sometime considering that we're approaching the global economy crisis in 2023 as forecasted by many financial analyst, I think best case scenario that btc could ever recover again at the end of 2023, surely this one could be a long lasting downtrend since there are just many things need to be settled first, the pandemic was really impactful.
world economic was still uncertain especially about inflation data as main trigger bitcoin price at this moment. Experts said next year maybe we Will face recession or another food crisis, it will make finance market become harder to recover. Maybe id the Fed stop rising rate , bitcoin price could start recover till next halving at 2024.
Yes a recession will welcome us in the next year and it will only make things worse,
Until now, the global economic condition is still not in good condition.
Of course we all hope that there will be good news regarding the global economy and let's see what will happen in the future
sr. member
Activity: 1183
Merit: 251
October 09, 2022, 12:07:31 AM
#70
No one can answer this accurately but still there are some analysis that BTC will go down to 14k and it will be bottom for btc in this bear market. Btc price now controlled by biggest whales and they can make fake news also. I think 16k will be bottom for btc and we should make entry here
There are so many news that may possible to make it happen. One of these news must be coming from MTgox. It can create disaster for the crypto and bitcoin believers. i think that the price of bitcoin is not controlling by whales but it was also following what happened with the stock market and global economic. I just try to tell you about the truth if bitcoin's movement is the same like stock market.
sr. member
Activity: 1638
Merit: 255
October 08, 2022, 07:27:52 PM
#69
I think this downtrend will still lasts quite for sometime considering that we're approaching the global economy crisis in 2023 as forecasted by many financial analyst, I think best case scenario that btc could ever recover again at the end of 2023, surely this one could be a long lasting downtrend since there are just many things need to be settled first, the pandemic was really impactful.
world economic was still uncertain especially about inflation data as main trigger bitcoin price at this moment. Experts said next year maybe we Will face recession or another food crisis, it will make finance market become harder to recover. Maybe id the Fed stop rising rate , bitcoin price could start recover till next halving at 2024.

It is true that because the world economic situation is still bad, where inflation is very high, the impact of the war between Russia and Ukraine is
also quite large, and the effects of the pandemic can still be felt. This of course affects the crypto market, which the Bitcoin price recovery will take
longer than we thought. In fact, it is very likely that the bear market will continue until next year, therefore it is difficult for us to predict what
the lowest price of Bitcoin will be, because there is still a possibility for Bitcoin to fall even lower. Although I honestly hope Bitcoin won't drop below $17k,
but there is no guarantee that Bitcoin will not drop below $17k if the economic crisis occurs.

As you said, maybe our hope is that the Bitcoin halving that will occur in 2024 is the moment when the Bitcoin price should be pumped. Therefore,
now is not the time to be pessimistic or panicked to see a bad market situation, but we must start to dare to collect as much Bitcoin as possible
from now on. So when the market recovers in 2024 and the price of Bitcoin pumps,  at least by then we already have a large amount of Bitcoin,
so we can make big profits that can surprise us.
sr. member
Activity: 1344
Merit: 335
#SWGT PRE-SALE IS LIVE
October 08, 2022, 06:49:29 PM
#68
I think this downtrend will still lasts quite for sometime considering that we're approaching the global economy crisis in 2023 as forecasted by many financial analyst, I think best case scenario that btc could ever recover again at the end of 2023, surely this one could be a long lasting downtrend since there are just many things need to be settled first, the pandemic was really impactful.
world economic was still uncertain especially about inflation data as main trigger bitcoin price at this moment. Experts said next year maybe we Will face recession or another food crisis, it will make finance market become harder to recover. Maybe id the Fed stop rising rate , bitcoin price could start recover till next halving at 2024.
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