Topic: When Bottom? - page 2. (Read 803 times)
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.
Quote
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
Since the price of Bitcoin is still struggle between $19k and $20k, showed that the bottom will be $12k before it will move higher to enable other altcoins to increase too, because whenever the price of Bitcoin is rising in the market, other altcoins will be rising too. I guess, there is still opportunity for people to buy Bitcoin and altcoins, because their price are still low for people to invest and have something reasonable to earn in future.
A lot of you including me are probably down really bad in this crypto bear Market too to the point where we've either forgotten about our portfolios or we're just too afraid to look at them
I'll go with the fact that we're afraid but in all seriousness, we cannot fall into this trap not right now because right now is the prime time we need to be buying because I promise you the research you do now the coins you buy
right now will be the sole reason why you'll be sipping a pina colada on your yacht and if you guys don't have the
time to do all that don't worry because that's what I'm here for all right taking a look at the Bitcoin rainbow
Bitcoin is extremely oversold right now too to the point where it's almost falling off the chart altogether but this isn't too big of a surprise because from past data we know that September is notorious for being the worst one for a lot of things crypto stocks I sanity if we look back
in 2020 the same thing happened when we
bottomed out and hit this new low and then look what happened to the levels right after that and I feel the same
thing is going to happen right now we're in the same dark blue zone right now.
I'll go with the fact that we're afraid but in all seriousness, we cannot fall into this trap not right now because right now is the prime time we need to be buying because I promise you the research you do now the coins you buy
right now will be the sole reason why you'll be sipping a pina colada on your yacht and if you guys don't have the
time to do all that don't worry because that's what I'm here for all right taking a look at the Bitcoin rainbow
Bitcoin is extremely oversold right now too to the point where it's almost falling off the chart altogether but this isn't too big of a surprise because from past data we know that September is notorious for being the worst one for a lot of things crypto stocks I sanity if we look back
in 2020 the same thing happened when we
bottomed out and hit this new low and then look what happened to the levels right after that and I feel the same
thing is going to happen right now we're in the same dark blue zone right now.
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
In a way it is natural that traders and investors as well want to know where the bottom will be, but this is not something we can know ahead of time and it is something we will only get to know once we get close to the bull market.So instead we need to concentrate on what we will do once we see the price of bitcoin going down once again? Will you hold your coins? Buy the dip? Sell in panic? After all we do not control when the bottom will appear, but we can in fact control our reaction to it.
For now bitcoin does not have any bottom the bottom of Bitcoin is the point it will reach before increasing so I've said this before and another thread that bitcoin don't have any bottom, the thing everybody could see that has got on is when bitcoin price go back to zero so now it is impossible before bitcoin price can go to sable or from the starting point so the bottom everybody is expecting I don't think that there is a time we can see the bottom of Bitcoin
We have been reaching the bottom. There's no need to argue more about this. Bitcoin has been dropping so hard from the top to the bottom and this time the current price may potentially to be the bottom for bitcoin. Buying at this rate was good enough for people. I just wanna try to tell you about the truth if this time bitcoin is worth to invest caused by it's very cheap for now.
will regret if we continue to wait and hope the price of Bitcoin can go down again,
but after all it all depends on each person because the decision is in their own hands
in a situation like this the price of bitcoin is much cheaper than the previous price and if we still think the price will go down even more it will only be a waste of time and self-pity when bitcoin starts to rise again.
time like now is the right time to buy and buy more after that hold and wait for the bulls to come again.
but all of that goes back to the mindset of each one wanting to take a risk now or choosing to be left behind like last year
For now bitcoin does not have any bottom the bottom of Bitcoin is the point it will reach before increasing so I've said this before and another thread that bitcoin don't have any bottom, the thing everybody could see that has got on is when bitcoin price go back to zero so now it is impossible before bitcoin price can go to sable or from the starting point so the bottom everybody is expecting I don't think that there is a time we can see the bottom of Bitcoin
We have been reaching the bottom. There's no need to argue more about this. Bitcoin has been dropping so hard from the top to the bottom and this time the current price may potentially to be the bottom for bitcoin. Buying at this rate was good enough for people. I just wanna try to tell you about the truth if this time bitcoin is worth to invest caused by it's very cheap for now.
will regret if we continue to wait and hope the price of Bitcoin can go down again,
but after all it all depends on each person because the decision is in their own hands
bitcoin is not an altcoin. so don't worry there will be a lot of decline in a short time. but altcoins have always followed bitcoin. when bitcoin goes down the altcoins mostly go down more. regarding Mt.gox I don't think it will have much impact on the market. because if one day the distribution is done it must be gradual. and I'm sure not everyone who receives the distribution will immediately sell at the same time. 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.
When the market gonna experience the bottom is unknown and according to the market situation and the different incidents happening relative to bitcoin there's more chances of drop in the price of bitcoin over the falling month. This could land the price reach the bottom price that is being reached in this year. Same time $19k is trying to withstand the support level and keeps the price stay above $19k.
Maybe the release of 100,000 BTC will not be that damaging.
If Bitcoin is released with the amount of 100k , of course the crypto market will be red like the sun that cannot be seen directly. That is, it has a huge effect on the crypto market.Nobody wants to buy fearing MtGox holders will dump their 9 year forced-hodled coins.
Maybe MtGox won't let go of all the Bitcoins he owns. Big investors don't brutally destroy the market by selling all assets in an instant, they prefer to create more attractive wave charts, not waterfalls.
honestly there are too many things that still could keeps investments in general at the state of down trend, the bullish trend for btc is still nowhere to be seen, it could lasts maybe many years into the future.
meanwhile you could get investments and make entry at very low value but as the consequence you gonna need to hold it long term. since it seems it seems the current trend will be long lasting ones.
meanwhile you could get investments and make entry at very low value but as the consequence you gonna need to hold it long term. since it seems it seems the current trend will be long lasting ones.
Mtgox doesn't look terrible anymore. but even so until now no one has made the bitcoin hype back. coupled with the global economic crisis, we have to get new innovations with concepts in cryptocurrency to make it rise again. Now bitcoin is just stagnant because it is in a bear market.
Bitcoin will definitely rise again, this is more like a cycle and whatever is being experienced now isn't new, and we have seen it happen previously, just in a different year and with different prices; this is the major reason why Bitcoin is called a long term project, it doesn't have that sporadic movements that some shitcoins make and come crashing down immediately afterwards, Bitcoin's price may be far from attractive right now for newcomers and get-rich-quick investors, but investors who understand the network will know that they should prolly be accumulating right now.Having said that, i am pretty sure many people will not mind Bitcoin being low and stagnant for awhile, they will basically just buy as much as they can, the demand for Bitcoin and the trust people have in the network is enormous, thus the bear market will definitely go away sooner or later, and then there comes the ROI for those that were patient.
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.
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.
The problem is that we don't know. Only the market knows when's the bottom. No matter how much we predict the bottom, top or so, nothing is promised, guaranteed and accurate.
Predictions are predictions. However, we cannot control the market. It can go up or down without warning or not knowing how long will the price gonna tread water.
bottom of the market will comes randomly, surely no one know because if knowing the bottom is that easy we would've becomes billionaire, the thing is the current value for most coins is already at its very bottom that I doubt it could go ever lower since even eth and btc is already losing 60% of its value compared with before luna crash, I think we are already in the bottom it's just that the corrections aren't finishing and the bullrun is nowhere to be seen since it might be coming in the future.
This is really not possible because for a number of reasons and you're right, if everyone knows about it, everyone already became millionaires by now. But instead, everyone or most of them are hesitant because when there comes a bearish market, there is always doubt whether this is the bottom or it will go down further. no one really knows about it and even those who are buying right now are hoping that this will be the bottom of the bearish market and tomorrow or the upcoming days are gonna be green days until it reaches again to its old ATH.
Therefore we should not be too obsessed with knowing the bottom price, because until then no one can accurately know the bottom price.
Instead of spending time predicting the lowest price of the coins we want to buy, it's better if we focus on gradually buying coins that we think
are potential. For example when we want to buy Bitcoin, we can buy Bitcoin at any price, then every time the price drops to a lower price we buy it.
After that we hold the Bitcoin we have until we reach our respective targets. It is certain that by doing that we will become rich, because as we know
how deep the price of Bitcoin falls can always recover. The problem is that such an investment does require patience and we cannot enjoy the results
in a short time. So we really have to practice our patience if we are serious about making huge profits.
we all know as long as a negative trend is present in this market we will see a lot of FUD thrown in, and encourage people not to spend their money on volatile investments like crypto, and that's the time we've been waiting for and we love to invest under, That will allow us to buy bitcoin at the lowest price because who knows, we might buy it under.
We can't stop FUD from being scattered all over the place because it's something that looks like it's organized. I said it would not be easy or even impossible to get rid of them all. This can only be countered with positive narratives that are carried out, although it will not completely but can slightly reduce the fear that is happening out there. I don't think FUD will be affected by the price, because even when bitcoin soars it can still be heard, especially in a situation like this.
Bitcoin is at 19 000 still"
bitcoin's holding up great through all of this the dollar Index at Fort 114.5 and people are Panic like like I said
before when I saw the three Arrow Capital Celsius debacle and Luna debacle and with the dollar Index going up and
you know fears are a recession and we could only go down to 17.5000
I think that would be the bottom
but that's just me from what I see I could be wrong but you know I think that was like the reason why we didn't push
down any further because that's as far as we're going
bitcoin's holding up great through all of this the dollar Index at Fort 114.5 and people are Panic like like I said
before when I saw the three Arrow Capital Celsius debacle and Luna debacle and with the dollar Index going up and
you know fears are a recession and we could only go down to 17.5000
I think that would be the bottom
but that's just me from what I see I could be wrong but you know I think that was like the reason why we didn't push
down any further because that's as far as we're going
bottom of the market will comes randomly, surely no one know because if knowing the bottom is that easy we would've becomes billionaire, the thing is the current value for most coins is already at its very bottom that I doubt it could go ever lower since even eth and btc is already losing 60% of its value compared with before luna crash, I think we are already in the bottom it's just that the corrections aren't finishing and the bullrun is nowhere to be seen since it might be coming in the future.
This is really not possible because for a number of reasons and you're right, if everyone knows about it, everyone already became millionaires by now. But instead, everyone or most of them are hesitant because when there comes a bearish market, there is always doubt whether this is the bottom or it will go down further. no one really knows about it and even those who are buying right now are hoping that this will be the bottom of the bearish market and tomorrow or the upcoming days are gonna be green days until it reaches again to its old ATH.
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.
I knew the expected selloff from MTGox will not happen, selloff news are usually not announced any more. In the last bull market the dip of bitcoin does not indicate the dip of the altcoins market, altcoins are like to selloff more into another dip for bitcoin even as its price rises. And this might persist for whileBut 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.
Im not feeling doubt if sell off may come as soon as possible along with the bad situation that happened in the market.
Mtgox doesn't look terrible anymore. but even so until now no one has made the bitcoin hype back. coupled with the global economic crisis, we have to get new innovations with concepts in cryptocurrency to make it rise again. Now bitcoin is just stagnant because it is in a bear market.
A stagnant market is an opportunity for buyers if done cunningly. While there are reasons behind the bear market, searching for the reasons ia always unyeilding. It can be Gox or it can be the inflation crisis, truly they won't have another effect buy drop the price.So just buy when you have money at hand and wait for even lower prices to buy more.
New innovations are rare though. New scum projects are very common on the other hand. Hence be careful what you are investing in. It is always safer to buy Bitcoin compared to shitcoins.
we all know as long as a negative trend is present in this market we will see a lot of FUD thrown in, and encourage people not to spend their money on volatile investments like crypto, and that's the time we've been waiting for and we love to invest under, That will allow us to buy bitcoin at the lowest price because who knows, we might buy it under.
bottom of the market will comes randomly, surely no one know because if knowing the bottom is that easy we would've becomes billionaire, the thing is the current value for most coins is already at its very bottom that I doubt it could go ever lower since even eth and btc is already losing 60% of its value compared with before luna crash, I think we are already in the bottom it's just that the corrections aren't finishing and the bullrun is nowhere to be seen since it might be coming in the future.
Surely, although many people make certain prediction with their analyses, in fact, their prediction will never be 100% true. There must be certainly different. We will not know exactly when the bottom. Once we thought that the rate is at the bottom, in fact, the reality is that the price keeps falling down and touches another bottom. But once we think that there will be falling down again, in fact, the price keeps rising up and ut of the bottom line. So, it means that we cannot predict exactly. That is why we must be smart in facing this crypto market. Why don't we utilize every opportunities to make certain deicsion? Jump to: