Topic: Where will Bitcoin stabalize?? - page 5. (Read 888 times)
i think we can see 12k,but the ultimate and bigger bull run of all will be when we as a community entirely address tether usdt,this is long overdue.
There is no doubt there is a recession coming. Shares are down 20% or so from their highs of 6 months ago.
The 20% fall is a good indicator of the average sentiment is. i.e. People expect businesses to make 20% less profit or so due to inflationary pressures or whatever and so the share prices fall.
Remember, most shares pay a dividend, so a share is always going to have people wanting to buy it if the price is right if they believe that they will get a return on their investment.
Problem with cryptos is there is no fundamental value, just that you might sell it to someone else for more later. Hence bitcoin went from 1 cent to $70k while shares maybe doubled over the same period.
So what is the fundamental support for bitcoin? There isn't one. Get out while you can, people are selling because they need the money, there will be more distressed sellers until this recession is over. Do not think this is a buying opportunity, it isn't.
The 20% fall is a good indicator of the average sentiment is. i.e. People expect businesses to make 20% less profit or so due to inflationary pressures or whatever and so the share prices fall.
Remember, most shares pay a dividend, so a share is always going to have people wanting to buy it if the price is right if they believe that they will get a return on their investment.
Problem with cryptos is there is no fundamental value, just that you might sell it to someone else for more later. Hence bitcoin went from 1 cent to $70k while shares maybe doubled over the same period.
So what is the fundamental support for bitcoin? There isn't one. Get out while you can, people are selling because they need the money, there will be more distressed sellers until this recession is over. Do not think this is a buying opportunity, it isn't.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
Hey Bro !Nobody can answer your queries in a decent way. Even those you called experts.
In my opinion, the market will not recover sooner as many scam schemes have been exposed by the second quarter of 2022. Personally, i believe in the opinion of bitcoin will recover by the next halving scheduled in the next year 2023. And till that time coming up, the market will sway under 30k.
where will Bitcoin stabalize
Some analysts are claiming it will keep going down until $8k.
What do you mean by "the current price is too high for the current market cap"?
If the market capitalization keeps dropping then we can't be sure where the bottom is. From my point of view, the current price is too high for the current market cap and we can expect the price to go under $20k for a price correction without a big change in the market cap.
It will be hard to see the capitalization over 1T again, or at least it will not happen soon.
It will be hard to see the capitalization over 1T again, or at least it will not happen soon.
No one can actually predict the bottom, only if you have an inside information about it, in my opinion and according to chart that I drew I think 20k is the bottom, remember whales do lots of manipulation, they might dump it a little bit and later pump it, this is just my opinion and not a financial advise
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
Does it seem like any of us has the magic answer to all of these questions? Had we known, we would have been multi millionaires or billionaires years ago already. You have to realize these are questions someone can only provide a personal opinion to as an answer. Truth is, nobody knows the real answer to all of your questions. Troll or not, the most accurate answer is, 'the market will either go up or down'.-
Regards,
PrivacyG
Yet many well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
Firstly, do not base your investment decision on the comments of "experts" or "well read" individuals. Do your own Research.I agree that the crypto market is not going anywhere, but lots of cryptocurrencies would fizzle out during this period, this is an effect of market sentiments and scam projects getting exposed as they were just riding on hype.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
No one can answer any of these questions with accuracy.If you have done your fundamental research and believe Bitcoin is going to rebound then you buy or hodl.
There have been different events pouring in and a lot of people are jittery that bitcoin winter is setting in.
The fall of celsius, though it rebound back is another chip down
Many crypto exchanges are laying off employees.
Yet many well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
The fall of celsius, though it rebound back is another chip down
Many crypto exchanges are laying off employees.
Yet many well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
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