Topic: When Bottom? - page 5. (Read 736 times)
It is difficult to predict bottom positions for altcoins and bitcoins at this time. because the market moves so fast and is very different from 2017. In this condition, you should pay attention to the trading budget you have, make periodic purchases, not instant buys. Follow the trend when it goes down, do the accumulation starting from small amount but continously till reach 100% from your budget. If you are afraid to see your portfolio, you should withdraw and hold it to your own wallet then reopen when there is a pump. never hold it on exchange, its not good.
suddenly the MT.Gox event was mentioned again by someone, apparently it's all just pre-arranged FUD.
I'm not sure why you wrote this. This is what everyone is expecting. The BTC from MtGox to be released.
What do you suppose will happen?
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Surely it is more than just Mt. Gox, that news started some panic in the market some time back but the thing with FUD is the first contact effect where the impact on the market is the maximum on first appearance of the news, further down the line, people become resistant to that news.
Still the FUD will continue in different forms, it never ends and neither will the cycle of bull and bear. So better to put that thought out of your head. Instead to keep profiting, just treat the numbers as numbers, not as an effect of a news on a number. Buy bitcoin at the lower prices being reached and sell when it will goes back up.
Today it might be one set of FUD, tomorrow it will be another. Hence we have to learn to ignore them.
Still the FUD will continue in different forms, it never ends and neither will the cycle of bull and bear. So better to put that thought out of your head. Instead to keep profiting, just treat the numbers as numbers, not as an effect of a news on a number. Buy bitcoin at the lower prices being reached and sell when it will goes back up.
Today it might be one set of FUD, tomorrow it will be another. Hence we have to learn to ignore them.
I thought that we are done with the Mt. Gox discussion because it's really a hot topic last August?
But in any case, we don't know if the bottom is in, others say that yes, but there are still some who thinks that bitcoin can go as low as $10k-$15k, but it will have to happen next year.
So we will see, as for the altcoin, same movement, majority is like 80%-90% down from it's previous high but the bleeding might not stop.
But in any case, we don't know if the bottom is in, others say that yes, but there are still some who thinks that bitcoin can go as low as $10k-$15k, but it will have to happen next year.
So we will see, as for the altcoin, same movement, majority is like 80%-90% down from it's previous high but the bleeding might not stop.
I also remember that I also participated in the discussions about the bitcoin release of Mt.gox this past August, but in the end so far all are just rumors and still no official announcement from Mt.gox. I think someone is intentionally spreading FUD in the market to cause more panic.
In this September, we will mainly focus on the news that the Fed will raise interest rates and finally, the rate hike has caused the market to fall deeper. Today is the last day of september i think we will have a better october as there are not any major events affecting the market, suddenly the MT.Gox event was mentioned again by someone, apparently it's all just pre-arranged FUD.
I thought that we are done with the Mt. Gox discussion because it's really a hot topic last August?
But in any case, we don't know if the bottom is in, others say that yes, but there are still some who thinks that bitcoin can go as low as $10k-$15k, but it will have to happen next year.
So we will see, as for the altcoin, same movement, majority is like 80%-90% down from it's previous high but the bleeding might not stop.
But in any case, we don't know if the bottom is in, others say that yes, but there are still some who thinks that bitcoin can go as low as $10k-$15k, but it will have to happen next year.
So we will see, as for the altcoin, same movement, majority is like 80%-90% down from it's previous high but the bleeding might not stop.
I believe FUD will never end. There will always be someone who says negative, even if Bitcoin is the best idea of this century. The bottom may have been reached, but that is in relation to the current situation in the world. If that changes and there is a major war, or blackout because of energy, then people will continue to get scared. Investments could out of bitcoin and acceptance could fall. For the price to rise, you need many more people and companies that want bitcoin. A bottom in 2023 could be lower with a worse situation than now.
But there are also times when bitcoin does what it wants and I would bet on that
But there are also times when bitcoin does what it wants and I would bet on that
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.
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