Topic: Why is bitcoin moving now? (Read 640 times)
There is definitely a golden opportunity to buy Bitcoin by understanding the current market position. The green lights for Bitcoin may be to accelerate in the next few days now that the market is in a good position. Accordingly, if we can research where the Bitcoin market was last month, we can definitely understand the Bitcoin market. As the market position is slightly better than before, we can buy Bitcoins. If we buy and hold Bitcoin right now, we will make a profit when the Bitcoin market turns into a full bull market. I think the way the market has followed the current position there is definitely a golden opportunity for it to move to a better position, so it is good to invest in Bitcoin now.
For some reason, bitcoin now become tightly connected to real-world economic news like the Fed and so on maybe because there are a lot of institutional investors who started looking at it, and panicking happening a lot nowadays. On the other hand, there is so much government that regulate in a good way so the best thing to do now is
Yeah, the best thing right now is while we wait for bitcoin to move upward let's buy more hahahah.
Yeah, the best thing right now is while we wait for bitcoin to move upward let's buy more hahahah.
This is the problem of having institutional investors coming into the market, we haven't had many come in yet and we are already seeing the market get connected to real world economy, which means when more institutional investors join the industry, the market can be manipulated with less efforts as they'll be controlling the market and that won't be good for retail investors with small capital and that's the type of investors that are many in the cryptocurency market.
Bitcoin recovery was short lived as it is no longer moving up and it has been falling recently and many investors are scared that the price of Bitcoin could fall below $20k, it is holding strong above $25.5k today but the price fell below $25k yesterday and it might retest that price.
If in the long run, increasing interest rates will even bring great benefits to us because interest rates will affect prices in the short term and will be a suitable opportunity to accumulate cheap bitcoins. In the long term, interest rates will certainly fall, the economy will recover and investment demand will increase again, at which point we will see bitcoin demand and price recover.
But to be honest, very few people are patient and everyone wants bitcoin to increase in price soon, so every time interest rates increase or there is some negative news, the market will react negatively, causing a lot of panic.
For some reason, bitcoin now become tightly connected to real-world economic news like the Fed and so on maybe because there are a lot of institutional investors who started looking at it, and panicking happening a lot nowadays. On the other hand, there is so much government that regulate in a good way so the best thing to do now is But to be honest, very few people are patient and everyone wants bitcoin to increase in price soon, so every time interest rates increase or there is some negative news, the market will react negatively, causing a lot of panic.
Yeah, the best thing right now is while we wait for bitcoin to move upward let's buy more hahahah.
I hope that we get to see something changing on the long run but it is going to also be something that will cause us to see profits if we hold long enough. I have been accumulating for years now, since the bear run started and the prices crashed, it is nearing over a year since I started and I feel like when it goes up, I will be profiting a lot.
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?
weeks after this thread , here is the latest from Cointelegraph
The extent of FTX’s financial woes was revealed in a shareholder presentation on Sept. 11. Binance regional markets head Richard Teng said in an interview that, despite regulatory scrutiny, the company has no parallels to FTX. Meanwhile, Coinbase has refuted a report that was making the rounds on social media that it is halting services for Indian customers.
here is the link to check completely https://cointelegraph.com/news/what-happened-in-crypto-today
but thats about Yesterday and indeed that market more fall experienced till today.
I hope that in the next week or till December there will be a reconciliation from FTX and the whole market of Bitcoin and surely altcoin is affected.
After all, there is a lot of negative news hitting the market, especially the altcoin market which is under serious threat with FTX being sold off its crypto assets to pay off creditors. Although all the news is putting pressure on the market, it is difficult to say what will happen to the market. In my opinion, market movements will depend on shark manipulation rather than demand-based movements. I mean even if FTX sold all of its assets it wouldn't have any impact on the market if someone really wanted to use this news to manipulate sentiment and then make the market going against everyone's predictions.
For some reason, bitcoin now become tightly connected to real-world economic news like the Fed and so on maybe because there are a lot of institutional investors who started looking at it, and panicking happening a lot nowadays. On the other hand, there is so much government that regulate in a good way so the best thing to do now is
Yeah, the best thing right now is while we wait for bitcoin to move upward let's buy more hahahah.
Yeah, the best thing right now is while we wait for bitcoin to move upward let's buy more hahahah.
Yeah we must not give away our bitcoins at cheap price due to FUD spread out in the market. This is normal whenever Bitcoin goes down we hear too many speculations that bitcoin is going down and there is no way it can come up and bla bla. What we have see is that bitcoin always come up stronger after every bearish season. All we need is tightly told our bitcoins while Bitcoin takes a bearish dip, halving is coming.
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?
weeks after this thread , here is the latest from Cointelegraph
The extent of FTX’s financial woes was revealed in a shareholder presentation on Sept. 11. Binance regional markets head Richard Teng said in an interview that, despite regulatory scrutiny, the company has no parallels to FTX. Meanwhile, Coinbase has refuted a report that was making the rounds on social media that it is halting services for Indian customers.
here is the link to check completely https://cointelegraph.com/news/what-happened-in-crypto-today
but thats about Yesterday and indeed that market more fall experienced till today.
I hope that in the next week or till December there will be a reconciliation from FTX and the whole market of Bitcoin and surely altcoin is affected.
You've been on this forum since 2016 my brother - but why aren't you more optimistic about bitcoin compared to me who knew him in 2020?
There's a lot of good news on bitcoin fundamentals right now including spot bitcoin ETFs - but I can't expect a market reaction of this magnitude yet as some are still waiting for the best times.
FUD just makes weak hands weaker – while strong hands stack. Look around you - there is a lot of advice about collecting that this may be the best time rather than waiting too long.
I'm not pessimistic, I just think realistically.There's a lot of good news on bitcoin fundamentals right now including spot bitcoin ETFs - but I can't expect a market reaction of this magnitude yet as some are still waiting for the best times.
FUD just makes weak hands weaker – while strong hands stack. Look around you - there is a lot of advice about collecting that this may be the best time rather than waiting too long.
I'm experiencing the situation in 2020. It was the pandemic crisis, but the bullrun still happens as expected in 2021. However, the situation is not the same as in 2020-2021 anymore. The current issues are quite different, we can't compare it with the previous periods.
I'm sure whoever the investors, they must think twice when the issue comes from ETF case or SEC intervention. Personally, I think it is more serious case than economic status.
Well, finally it is about how strong we are holding our BTC asset. You're right, the FUDs shouldn't be a problem if we trust on the future of Bitcoin. The Bitcoin halving is getting closer, the best time for buying/collecting may be over soon. When the FUDs disappear, I guess the price will increase constantly toward the new ATH.
If in the long run, increasing interest rates will even bring great benefits to us because interest rates will affect prices in the short term and will be a suitable opportunity to accumulate cheap bitcoins. In the long term, interest rates will certainly fall, the economy will recover and investment demand will increase again, at which point we will see bitcoin demand and price recover.
But to be honest, very few people are patient and everyone wants bitcoin to increase in price soon, so every time interest rates increase or there is some negative news, the market will react negatively, causing a lot of panic.
For some reason, bitcoin now become tightly connected to real-world economic news like the Fed and so on maybe because there are a lot of institutional investors who started looking at it, and panicking happening a lot nowadays. On the other hand, there is so much government that regulate in a good way so the best thing to do now is But to be honest, very few people are patient and everyone wants bitcoin to increase in price soon, so every time interest rates increase or there is some negative news, the market will react negatively, causing a lot of panic.
Yeah, the best thing right now is while we wait for bitcoin to move upward let's buy more hahahah.
-snip-
If more investors prefer to choose Bitcoin to keep their wealth, Bitcoin should increase its price due to the rise of demand. It was happening in 2021, many new investors of Bitcoin because they considered it as a safer asset. However, since there are many bad news currently, not sure whether there are larger new investors or not. Investors will doubt to invest when they heard to much negativity on Bitcoin.There's a lot of good news on bitcoin fundamentals right now including spot bitcoin ETFs - but I can't expect a market reaction of this magnitude yet as some are still waiting for the best times.
FUD just makes weak hands weaker – while strong hands stack. Look around you - there is a lot of advice about collecting that this may be the best time rather than waiting too long.
-
Bitcoin doesn't lack any direction the problem with bitcoin is that the currency doesn't have a fixed price the way am seeing the price of bitcoin, so therefore I will say that bitcoin price is not in constant acceleration so therefore we should not be expecting bitcoin to continue rising or continuing going up, their is something about bitcoin, people always expect the price of bitcoin to be rising and we don't know that what balance the market of bitcoin is both increasing and rising.Moreover, volatility tends to be expected as it is very imposible to stabilize the price of bitcoin. The different demand and supply every second makes the price swing, but I agree that bitcoin has not lost its way.
Regarding prices, of course the average person expects an increase but that's not how it works. The impact of different demand and supply means its value can rise and fall, but we all have to admit that bitcoin's performance since its introduction has been very good compared to gold.
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?
Bitcoin doesn't lack any direction the problem with bitcoin is that the currency doesn't have a fixed price the way am seeing the price of bitcoin, so therefore I will say that bitcoin price is not in constant acceleration so therefore we should not be expecting bitcoin to continue rising or continuing going up, their is something about bitcoin, people always expect the price of bitcoin to be rising and we don't know that what balance the market of bitcoin is both increasing and rising. 
I think bitcoin will continue to move sideways and this situation will last even longer. A few days ago I saw a news report saying that a lot of investors are leaving the market and it shows no signs of stopping. Looks like this is the last time to shake off the weak hands, the last bad projects before entering a new bull cycle.
Bitcoin has not had any noticeable movement in the past several months and this has left many investors depressed and losing hope. It can be said that this period is really terrible that we need to get through. I am not optimistic about bitcoin between now and the end of the year.
It's their loss if investors leave the market and go for other investments when they were here all through the bear market and now when the bull market is around the corner they are getting disheartened and leaving. The market moves dynamically and investors should know this because they get into the market, they should also know that the market can become stagnant at times and it wouldn't always move in the direction that will be beneficial for us.Bitcoin has not had any noticeable movement in the past several months and this has left many investors depressed and losing hope. It can be said that this period is really terrible that we need to get through. I am not optimistic about bitcoin between now and the end of the year.
So I believe people are being too dramatic with the market and this reaction is unnecessary. When someone enters the cryptocurrency market, they need to have some patience so that they can stay around no matter how good or bad market conditions get because that is how you can survive in this market.
that highly reactive when they do see a bearish movement on which its not really that something new because seeing reds on our portfolio is never been that looking good in the first place.Instead on seeing this as an opportunity, you would rather be seeing this to be negative or something not that appealing and this is why it would really be resulting for you to get out and leave this market and might neither come back or not basing up on the market condition.This is why on the time that you do set your foot into this market then you should really be that prepared for the volatility so that you wont really be making yourself get
shocking on the time that you would really be able to encounter these kind of movements which it would really be on ups and downs.
I think bitcoin will continue to move sideways and this situation will last even longer. A few days ago I saw a news report saying that a lot of investors are leaving the market and it shows no signs of stopping. Looks like this is the last time to shake off the weak hands, the last bad projects before entering a new bull cycle.
Bitcoin has not had any noticeable movement in the past several months and this has left many investors depressed and losing hope. It can be said that this period is really terrible that we need to get through. I am not optimistic about bitcoin between now and the end of the year.
It's their loss if investors leave the market and go for other investments when they were here all through the bear market and now when the bull market is around the corner they are getting disheartened and leaving. The market moves dynamically and investors should know this because they get into the market, they should also know that the market can become stagnant at times and it wouldn't always move in the direction that will be beneficial for us.Bitcoin has not had any noticeable movement in the past several months and this has left many investors depressed and losing hope. It can be said that this period is really terrible that we need to get through. I am not optimistic about bitcoin between now and the end of the year.
So I believe people are being too dramatic with the market and this reaction is unnecessary. When someone enters the cryptocurrency market, they need to have some patience so that they can stay around no matter how good or bad market conditions get because that is how you can survive in this market.
~snip~
So far, many countries have depended on the dollar, making the value of the dollar even higher. Inflation has made each country's fiat lose value and dependency has only made matters worse. Dedollarization has been talked about for some time – but is clearly difficult to implement in many countries.Meanwhile bitcoin is experiencing the impact of economic chaos. Some large investors may agree to invest in bitcoin as a reason to protect their fiat value during inflation - but many others choose a store of value in a different asset. Bitcoin prices are expected to recover gradually as interest increases - but so far there have been no clear signs of price recovery despite rumors of a spot bitcoin ETF being approved.
Maybe the cause of the increasing dependence on each country's debt or other causes that I don't really know.
In terms of its relationship to Bitcoin, I also don't want to say too much for various reasons. But I feel that the call for dedollarization and digital transformation at the summit meeting in Indonesia, further strengthens your argument that most investors will use Bitcoin as an investment asset because there is a possibility that they will begin to realize that Bitcoin is the best investment to face various economic upheavals one day. It is getting even stronger with the strong information that a spot bitcoin ETF will soon be approved.
The dollar is not dumping because it is above other fiat currency, I just checked my country fiat exchange rate to dollar and it has depreciated to dollar.
With the recent developments around the globe such as the BRICS new approaches, do you think the dollar will still remain as dominant as it is? Don't you think a lot might change in the new future? There are rumors making the rounds that the BRICS+6 nations will be launching their own currency and payment systems. If this is true, don't you think we might see some changes in the global financial systems? Well, these are political permutations that only time could reveal their outcomes. I have always kept my savings in bitcoin so that inflation wouldn't depreciate my funds.
We are actually on this same page; Bitcoin is the option I have chosen as the uncertainties in the globe portends some risk in holding fiat as a major financial crisis is possibly looming. Remember, "when two elephants fight, the grass suffers". So, to avoid being victim of the economic struggle between the East and the West, Bitcoin should be embraced by all who are privileged to know about the power it holds. Have the ability to buy, buy now before it's too late, before the price graph leaves the current level.
I have been telling people that this year is the best time to buy Bitcoin considering that next year have a lot of favorable fundamentals that can make the price of Bitcoin to skyrocket. Even though this is not a financial advice, I consider it a wise counsel. 
I haven't heard about the raise of interest rate this September, but if they did I would agree that it will have a negative effect again on the price.
However, if you look at todays price, it seems that we have overcome $25,000 as we move to $26,300, which is a good sign this month.
However, if you look at todays price, it seems that we have overcome $25,000 as we move to $26,300, which is a good sign this month.
I don't remember exactly September or October and the Fed didn't confirm it would raise interest rates, but they said they could continue to raise interest rates because the inflation situation is not really under control. Some recent news also shows that the Fed will not hesitate to continue raising interest rates 1 or 2 times before stopping raising interest rates. If that happens, it will really put pressure on the market and it will be even more difficult for us to recover before the end of the year.
The price has been trading above $26k but I don't consider this a good sign as without any positive news to sustain then a drop will happen at any moment. We need more positive news or bigger movements to be considered positive for bitcoin.
After a quick search on Google that "After two relatively tame Consumer Price Index inflation reports and some evidence that the employment situation may be softening, the Federal Reserve is not expected to raise rates at its September meeting. However, there is still a chance that the Fed raises rates again in 2023" - https://www.forbes.com/sites/simonmoore/2023/08/15/what-to-look-for-from-the-feds-final-meetings-of-2023/
There is still a chance Fed raises in 2023 but we don't know it yet but there is a meeting this month, and the price currently I'm writing is $25.8K so possibly sideaway until there is good news coming.
If in the long run, increasing interest rates will even bring great benefits to us because interest rates will affect prices in the short term and will be a suitable opportunity to accumulate cheap bitcoins. In the long term, interest rates will certainly fall, the economy will recover and investment demand will increase again, at which point we will see bitcoin demand and price recover.
But to be honest, very few people are patient and everyone wants bitcoin to increase in price soon, so every time interest rates increase or there is some negative news, the market will react negatively, causing a lot of panic.
So far, many countries have depended on the dollar, making the value of the dollar even higher. Inflation has made each country's fiat lose value and dependency has only made matters worse. Dedollarization has been talked about for some time – but is clearly difficult to implement in many countries.
It is difficult to not depend on dollars, it is the most widely used international currency throughout the world. When a country want to do any transaction, they use dollars. As long as it lasts, I'm not sure the dedollarization will have a serious impact on the dollar value. The dedollarization will be real if most countries are no longer depending on dollars to do any transaction.Meanwhile bitcoin is experiencing the impact of economic chaos. Some large investors may agree to invest in bitcoin as a reason to protect their fiat value during inflation - but many others choose a store of value in a different asset. Bitcoin prices are expected to recover gradually as interest increases - but so far there have been no clear signs of price recovery despite rumors of a spot bitcoin ETF being approved.
If more investors prefer to choose Bitcoin to keep their wealth, Bitcoin should increase its price due to the rise of demand. It was happening in 2021, many new investors of Bitcoin because they considered it as a safer asset. However, since there are many bad news currently, not sure whether there are larger new investors or not. Investors will doubt to invest when they heard to much negativity on Bitcoin.-snip-
Talking about Bitcoin is not just about price. Bitcoin has had difficulty moving upwards recently and that does not indicate that fiat currencies like the Dollar are better than Bitcoin.Bitcoin is used as a transaction tool, but Bitcoin is mostly used as an investment asset. For people who choose Bitcoin as a long-term investment asset, the issue of prices being difficult to move is not a problem because their target is not to expect profits in one year but more than that time.
The number of Bitcoins is clearly 21 million and that will not change. At least up to now the supply continues to circulate, which has almost reached the maximum number of 21 million.
You already understand very well that the number of Bitcoins will not continue to increase like the paper money that is printed every year.
Imagine when the maximum number has been reached. So what are you waiting for while you still have the chance.
Meanwhile bitcoin is experiencing the impact of economic chaos. Some large investors may agree to invest in bitcoin as a reason to protect their fiat value during inflation - but many others choose a store of value in a different asset. Bitcoin prices are expected to recover gradually as interest increases - but so far there have been no clear signs of price recovery despite rumors of a spot bitcoin ETF being approved.
Is this the green opportunity for us to buy or is going to return back after a while
Many investors are buying and selling their bitcoin at any time they feel like, you can do the same by buying bitcoin now that the price is at a bit low and sell back when the price is high. You must not wait for any special time to do that since you will be investing for profits and with the money you can afford to lose. Every other additional thing is minor than to hodl your bitcoin and keep your seed phrase safe because there is every possibility that, the price of bitcoin today will not be the same in months to come after the halving season. Some also invests depending on their mood and it doesn't matter if the price is high or not. Same goes for selling. We only need to make sure that we are investing with the money that we can afford to lose. There might be other things that are also important other than to HODL and keeping our seed phrases in a safe location like having a patience and self control.
The price of bitcoin is not good enough because of which people loss hope, Investors of crypto are effected by the news about Elon musk so the attraction towards bitcoin in them is not higher as that was before.
The price will surely move but not immediately because people are regularly leaving the crypto space may be they have purchases bitcoin when the time was accurate and now they sell with a profit because they desire to reduces the chances of loss.
But when more people sell their bitcoin then we cannot aspect about its bullish period as the demand and selling clearly effect the crypto industry worth.
This period is not alarming but you have to take the make money through this opportunity as it acts as a signals that very soon Bull run will initiate.
The price will surely move but not immediately because people are regularly leaving the crypto space may be they have purchases bitcoin when the time was accurate and now they sell with a profit because they desire to reduces the chances of loss.
But when more people sell their bitcoin then we cannot aspect about its bullish period as the demand and selling clearly effect the crypto industry worth.
This period is not alarming but you have to take the make money through this opportunity as it acts as a signals that very soon Bull run will initiate.
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?
Talking about Bitcoin is not just about price. Bitcoin has had difficulty moving upwards recently and that does not indicate that fiat currencies like the Dollar are better than Bitcoin.Bitcoin is used as a transaction tool, but Bitcoin is mostly used as an investment asset. For people who choose Bitcoin as a long-term investment asset, the issue of prices being difficult to move is not a problem because their target is not to expect profits in one year but more than that time.
The number of Bitcoins is clearly 21 million and that will not change. At least up to now the supply continues to circulate, which has almost reached the maximum number of 21 million.
You already understand very well that the number of Bitcoins will not continue to increase like the paper money that is printed every year.
Imagine when the maximum number has been reached. So what are you waiting for while you still have the chance.
I haven't heard about the raise of interest rate this September, but if they did I would agree that it will have a negative effect again on the price.
However, if you look at todays price, it seems that we have overcome $25,000 as we move to $26,300, which is a good sign this month.
However, if you look at todays price, it seems that we have overcome $25,000 as we move to $26,300, which is a good sign this month.
I don't remember exactly September or October and the Fed didn't confirm it would raise interest rates, but they said they could continue to raise interest rates because the inflation situation is not really under control. Some recent news also shows that the Fed will not hesitate to continue raising interest rates 1 or 2 times before stopping raising interest rates. If that happens, it will really put pressure on the market and it will be even more difficult for us to recover before the end of the year.
The price has been trading above $26k but I don't consider this a good sign as without any positive news to sustain then a drop will happen at any moment. We need more positive news or bigger movements to be considered positive for bitcoin.
After a quick search on Google that "After two relatively tame Consumer Price Index inflation reports and some evidence that the employment situation may be softening, the Federal Reserve is not expected to raise rates at its September meeting. However, there is still a chance that the Fed raises rates again in 2023" - https://www.forbes.com/sites/simonmoore/2023/08/15/what-to-look-for-from-the-feds-final-meetings-of-2023/
There is still a chance Fed raises in 2023 but we don't know it yet but there is a meeting this month, and the price currently I'm writing is $25.8K so possibly sideaway until there is good news coming.
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly
From what am looking at... Bitcoin has lost its volatility from what it was known for , and at the moment seems to be ranging with small moves happening here & there which can easily be mistaken for bullish momentum but in reality there is bearish pressure... And looking at the monthly chart it actually suggests that we could be trading bearish until we hit a low before price reverses upwards. 
-snip-
I don't remember exactly September or October and the Fed didn't confirm it would raise interest rates, but they said they could continue to raise interest rates because the inflation situation is not really under control. Some recent news also shows that the Fed will not hesitate to continue raising interest rates 1 or 2 times before stopping raising interest rates. If that happens, it will really put pressure on the market and it will be even more difficult for us to recover before the end of the year.
The price has been trading above $26k but I don't consider this a good sign as without any positive news to sustain then a drop will happen at any moment. We need more positive news or bigger movements to be considered positive for bitcoin.
Yes, surprised that it didn't last that $26k price range as it dip down to $25,800. And for sure there are speculators who have sold and made instant profit and so volatility is their friend on that kind of situation.
Nevertheless, same here, I never pay attention to negative things, also I will research what's really going on specially if the price goes down. But I will not be ever be affected even if the impact is huge. Just a matter of time before the market will bounce back and it has been proven many times already.
I also think the people who are selling and causing these corrections are short-term bitcoin speculators. As for the holder, they have held it until now so there is no reason to sell now. Furthermore, I suspect that bitcoin's sideways and gradual price decline may be due to manipulation.
If you are a long-term investor, more bitcoin drops will never scare you, on the contrary, you will feel more excited because you have the opportunity to buy bitcoin at a cheaper price. Unfortunately, I don't have a lot of money left right now, but I also don't feel scared or sad when bitcoin prices drop. Everything is temporary and it is only a matter of time before bitcoin recovers.
There is always volatility in the crypto market so the market will bounce back and go higher as the volume of bitcoin sold in the market increases the price decreases. And as more institutions adopt bitcoin as a means of investment and exchange its price rises another thing is that many people do not believe in conventional currency and look for alternative means. Since there is no central control system of bitcoin many people are choosing it and the price is increasing. The market should be researched properly and we should move forward with positive thinking. Bitcoin keeps going even when the price goes down because investors know that the price will go up if it goes down.
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly
From what am looking at... Bitcoin has lost its volatility from what it was known for , and at the moment seems to be ranging with small moves happening here & there which can easily be mistaken for bullish momentum but in reality there is bearish pressure... And looking at the monthly chart it actually suggests that we could be trading bearish until we hit a low before price reverses upwards. 
-snip-
I don't remember exactly September or October and the Fed didn't confirm it would raise interest rates, but they said they could continue to raise interest rates because the inflation situation is not really under control. Some recent news also shows that the Fed will not hesitate to continue raising interest rates 1 or 2 times before stopping raising interest rates. If that happens, it will really put pressure on the market and it will be even more difficult for us to recover before the end of the year.
The price has been trading above $26k but I don't consider this a good sign as without any positive news to sustain then a drop will happen at any moment. We need more positive news or bigger movements to be considered positive for bitcoin.
Yes, surprised that it didn't last that $26k price range as it dip down to $25,800. And for sure there are speculators who have sold and made instant profit and so volatility is their friend on that kind of situation.
Nevertheless, same here, I never pay attention to negative things, also I will research what's really going on specially if the price goes down. But I will not be ever be affected even if the impact is huge. Just a matter of time before the market will bounce back and it has been proven many times already.
I haven't heard about the raise of interest rate this September, but if they did I would agree that it will have a negative effect again on the price.
However, if you look at todays price, it seems that we have overcome $25,000 as we move to $26,300, which is a good sign this month.
However, if you look at todays price, it seems that we have overcome $25,000 as we move to $26,300, which is a good sign this month.
I don't remember exactly September or October and the Fed didn't confirm it would raise interest rates, but they said they could continue to raise interest rates because the inflation situation is not really under control. Some recent news also shows that the Fed will not hesitate to continue raising interest rates 1 or 2 times before stopping raising interest rates. If that happens, it will really put pressure on the market and it will be even more difficult for us to recover before the end of the year.
The price has been trading above $26k but I don't consider this a good sign as without any positive news to sustain then a drop will happen at any moment. We need more positive news or bigger movements to be considered positive for bitcoin.
After a quick search on Google that "After two relatively tame Consumer Price Index inflation reports and some evidence that the employment situation may be softening, the Federal Reserve is not expected to raise rates at its September meeting. However, there is still a chance that the Fed raises rates again in 2023" - https://www.forbes.com/sites/simonmoore/2023/08/15/what-to-look-for-from-the-feds-final-meetings-of-2023/
There is still a chance Fed raises in 2023 but we don't know it yet but there is a meeting this month, and the price currently I'm writing is $25.8K so possibly sideaway until there is good news coming.
The market is suffering to gain resistance and get pushed. This is happening as there is low circulation caused due to the lack of inflow. This could happen when the market makes a bounce due to some special occasion or incident happens relative to bitcoin. Recently when the application X got the access to add cryptocurrency payments the market bounced a little and this is expected to make people invest into bitcoin and keep the market on the bullish side. Things didn't go as predicted and the downfall happens immediately. So, this time we need something strong to push the market until then movement will be within specific range.
The cryptocurrency market is very big and varse so bitcoin rising back to its point is just base on the time this happens and I must add for us to know that the bull run is close by and aslo the halving effect too is close by because as past studies show this occurrence of the price actually dipping before bitcoin takes stride is actually what have been true in this past year so am just skeptical that all the things happening now it's all part of the big bang we all will soon experience after the halving
Everyone thinks a bull run is coming. As in previous years, Bitcoin needs to complete its decline first. For now, the price is under pressure and cannot go up. When there is a momentary increase in price, the price cannot hold that level. So Bitcoin needs to get rid of that stress first.
I am in favor of the price getting rid of these pressures and falling and then rising. First, the expectation must be met and the price must fall. We can see this from the recent Bitcoin movements. There is pressure on Bitcoin and the price cannot go up. Then I would rather see the price fall than stay the same. If this happens, then the stress will decrease and the price will increase after the fall.
The market is suffering to gain resistance and get pushed. This is happening as there is low circulation caused due to the lack of inflow. This could happen when the market makes a bounce due to some special occasion or incident happens relative to bitcoin. Recently when the application X got the access to add cryptocurrency payments the market bounced a little and this is expected to make people invest into bitcoin and keep the market on the bullish side. Things didn't go as predicted and the downfall happens immediately. So, this time we need something strong to push the market until then movement will be within specific range.
The cryptocurrency market is very big and varse so bitcoin rising back to its point is just base on the time this happens and I must add for us to know that the bull run is close by and aslo the halving effect too is close by because as past studies show this occurrence of the price actually dipping before bitcoin takes stride is actually what have been true in this past year so am just skeptical that all the things happening now it's all part of the big bang we all will soon experience after the halving
-snip-
I don't remember exactly September or October and the Fed didn't confirm it would raise interest rates, but they said they could continue to raise interest rates because the inflation situation is not really under control. Some recent news also shows that the Fed will not hesitate to continue raising interest rates 1 or 2 times before stopping raising interest rates. If that happens, it will really put pressure on the market and it will be even more difficult for us to recover before the end of the year.
The price has been trading above $26k but I don't consider this a good sign as without any positive news to sustain then a drop will happen at any moment. We need more positive news or bigger movements to be considered positive for bitcoin.
and also yes that some investor is depressed and losing hope, I also heard that the SEC is going to raise the interest rate this September if they do the Bitcoin price might fall again. Secondly, Bitcoin ETF application is still not yet approved at this time, but when this get approved this gonna be huge win for Bitcoin.
I haven't heard about the raise of interest rate this September, but if they did I would agree that it will have a negative effect again on the price.
However, if you look at todays price, it seems that we have overcome $25,000 as we move to $26,300, which is a good sign this month.
I don't remember exactly September or October and the Fed didn't confirm it would raise interest rates, but they said they could continue to raise interest rates because the inflation situation is not really under control. Some recent news also shows that the Fed will not hesitate to continue raising interest rates 1 or 2 times before stopping raising interest rates. If that happens, it will really put pressure on the market and it will be even more difficult for us to recover before the end of the year.
The price has been trading above $26k but I don't consider this a good sign as without any positive news to sustain then a drop will happen at any moment. We need more positive news or bigger movements to be considered positive for bitcoin.
I think bitcoin will continue to move sideways and this situation will last even longer. A few days ago I saw a news report saying that a lot of investors are leaving the market and it shows no signs of stopping. Looks like this is the last time to shake off the weak hands, the last bad projects before entering a new bull cycle.
Bitcoin has not had any noticeable movement in the past several months and this has left many investors depressed and losing hope. It can be said that this period is really terrible that we need to get through. I am not optimistic about bitcoin between now and the end of the year.
Bitcoin has not had any noticeable movement in the past several months and this has left many investors depressed and losing hope. It can be said that this period is really terrible that we need to get through. I am not optimistic about bitcoin between now and the end of the year.
Yeah, I hope we can get rid of weak/fake project since this type of project wipes investor from investing again in the crypto industry, but the real problem is when the bull cycle start fake token or fake project will start to float on the market again. so it's hard to totally wipe out all of it.
As much as I wanted that, I doubt that it can be done in one full sweep. For me the way to get rid of them is a heavy regulation.
But we don't what that because it will contradict the very tenant of crypto currency.
So it's going to be for investors to do their own investigation before pouring their big money on some projects in the beginning.
and also yes that some investor is depressed and losing hope, I also heard that the SEC is going to raise the interest rate this September if they do the Bitcoin price might fall again. Secondly, Bitcoin ETF application is still not yet approved at this time, but when this get approved this gonna be huge win for Bitcoin.
I haven't heard about the raise of interest rate this September, but if they did I would agree that it will have a negative effect again on the price.
However, if you look at todays price, it seems that we have overcome $25,000 as we move to $26,300, which is a good sign this month.
I think bitcoin will continue to move sideways and this situation will last even longer. A few days ago I saw a news report saying that a lot of investors are leaving the market and it shows no signs of stopping. Looks like this is the last time to shake off the weak hands, the last bad projects before entering a new bull cycle.
Bitcoin has not had any noticeable movement in the past several months and this has left many investors depressed and losing hope. It can be said that this period is really terrible that we need to get through. I am not optimistic about bitcoin between now and the end of the year.
Bitcoin has not had any noticeable movement in the past several months and this has left many investors depressed and losing hope. It can be said that this period is really terrible that we need to get through. I am not optimistic about bitcoin between now and the end of the year.
Yeah, I hope we can get rid of weak/fake project since this type of project wipes investor from investing again in the crypto industry, but the real problem is when the bull cycle start fake token or fake project will start to float on the market again. so it's hard to totally wipe out all of it.
and also yes that some investor is depressed and losing hope, I also heard that the SEC is going to raise the interest rate this September if they do the Bitcoin price might fall again. Secondly, Bitcoin ETF application is still not yet approved at this time, but when this get approved this gonna be huge win for Bitcoin.
I think bitcoin will continue to move sideways and this situation will last even longer. A few days ago I saw a news report saying that a lot of investors are leaving the market and it shows no signs of stopping. Looks like this is the last time to shake off the weak hands, the last bad projects before entering a new bull cycle.
The side way move of Bitcoin will linger for a while at least till around the end of the year given that there is no major news that will propel any huge move. The market is speculative and driven entirely by news. Furthermore, considering the market cycle of Bitcoin, major move is expected 2025 but this is expected earlier in 2024 because of halving that many are looking out for. Bitcoin has not had any noticeable movement in the past several months and this has left many investors depressed and losing hope.
I wouldn't say that investors are depressed because just recently there was news of Bitcoin investment running into billions of dollar. This is optimism from the side of the whales. What is happening in the market now is normal; it is call compression or accumulation... market do that to build momentum before any major move. The longer the accumulation the more explosive the move will be. September Update Bitcoin not moving again it goes sideaway and most likely going to a bearish moment again. I hope not gonna happen, but the 200 EMA shows Bearish and now testing the local support We need at least good news to make bitcoin move again after the last time SEC lost against grayscale but chose to pending all etf applications. So wait and see is a better option right now.
and september usually refer to a SADTember
and september usually refer to a SADTember
I think bitcoin will continue to move sideways and this situation will last even longer. A few days ago I saw a news report saying that a lot of investors are leaving the market and it shows no signs of stopping. Looks like this is the last time to shake off the weak hands, the last bad projects before entering a new bull cycle.
Bitcoin has not had any noticeable movement in the past several months and this has left many investors depressed and losing hope. It can be said that this period is really terrible that we need to get through. I am not optimistic about bitcoin between now and the end of the year.
The market is suffering to gain resistance and get pushed. This is happening as there is low circulation caused due to the lack of inflow. This could happen when the market makes a bounce due to some special occasion or incident happens relative to bitcoin. Recently when the application X got the access to add cryptocurrency payments the market bounced a little and this is expected to make people invest into bitcoin and keep the market on the bullish side. Things didn't go as predicted and the downfall happens immediately. So, this time we need something strong to push the market until then movement will be within specific range.
If you see Bitcoin market then it's not for short duration. The price of Bitcoin in Jan 2023 was around 17 to 18k and then it went up to 30k and remain stable there for few weeks. If you compare what bitcoin price is right now with price at start of this year then you will see its still a massive improvement. Now doubt price is down and may be it can go further down but this is not a sign to worry about, the price will rise again though it may take some time. News do effect price of Bitcoin but only for short duration, bitcoin is a moving up crypto in the long duration.
The movement of assets, especially Bitcoin is triggered by economic sentiment, one of which is also a few regulatory sentiment about crypto in several countries that can also affect the movement of demand for bitcoin increases or decreases, it has become common in Bitcoin in each cycle and I think there is no one Strange about that in this cycle too.
What else should you consider buying Bitcoin?, Today we are at a very low price of ATH Bitcoin before, Bitcoin Halving is not long, many large companies want to market Bitcoin even though it is only limited to ETF, but I am quite sure of Resulting in high demand encouragement, i think only needs to use money that is not money for your daily needs.
If you think about it, it makes sense to buy Bitcoin from now on, apart from the reason that the price is already quite low, because I also really believe that there will be a better demand boost before the halving event occurs on Bitcoin. This will be quite obvious when there are more companies willing to market Bitcoin in any way so that a demand boost will arise within the community because they will see this as a pretty good opportunity. So a lot of people probably won't ignore that so they will have the urge to buy Bitcoin before the halving happens.What else should you consider buying Bitcoin?, Today we are at a very low price of ATH Bitcoin before, Bitcoin Halving is not long, many large companies want to market Bitcoin even though it is only limited to ETF, but I am quite sure of Resulting in high demand encouragement, i think only needs to use money that is not money for your daily needs.
You should be able to consider that currently many people will be forced to ignore investment opportunities considering the poor economic conditions. Instead of investing, I can see that they are having a hard time making ends meet amidst bad inflation. Unfortunately that has been the case until now, but not everyone will pass up an opportunity as long as they have the budget.
For now I agree that bitcoin accumulation is worth recommending. Bitcoin is still at -62% of its past ATH, so this is a good opportunity to earn more. Budget adjustments are necessary, but I hope they don't force themselves to invest to the point of having to hold back on making ends meet.
And illustrated the movement of Bitcoin prices is very slow today and is still waiting or taking a breath to do a movement jump, this should be an important point that must be taken at this time, but from many people it seems to be still doubtful and fearing that Bitcoin will decrease, most they feel Better when the market is green.
September Update Bitcoin not moving again it goes sideaway and most likely going to a bearish moment again. I hope not gonna happen, but the 200 EMA shows Bearish and now testing the local support We need at least good news to make bitcoin move again after the last time SEC lost against grayscale but chose to pending all etf applications. So wait and see is a better option right now.
and september usually refer to a SADTember
and september usually refer to a SADTember
Is this the green opportunity for us to buy or is going to return back after a while
Many investors are buying and selling their bitcoin at any time they feel like, you can do the same by buying bitcoin now that the price is at a bit low and sell back when the price is high. You must not wait for any special time to do that since you will be investing for profits and with the money you can afford to lose. Every other additional thing is minor than to hodl your bitcoin and keep your seed phrase safe because there is every possibility that, the price of bitcoin today will not be the same in months to come after the halving season. i can understand the dilemma of the OP here as it seems he is relatively new in this market. as you said, anyone can buy anytime at their own convenience. as no one can exactly tell you what's gonna happen, you will just follow your instincts on what to do with your portfolio. and that i can say, is actually hard for newcomers in this market. and most of them have the notion that this market can get them rich at a short period of time. that's why they are easily get disappointed if they can't get the profit that they thought they can get from here.
The market is suffering to gain resistance and get pushed. This is happening as there is low circulation caused due to the lack of inflow. This could happen when the market makes a bounce due to some special occasion or incident happens relative to bitcoin. Recently when the application X got the access to add cryptocurrency payments the market bounced a little and this is expected to make people invest into bitcoin and keep the market on the bullish side. Things didn't go as predicted and the downfall happens immediately. So, this time we need something strong to push the market until then movement will be within specific range.
Is this the green opportunity for us to buy or is going to return back after a while
Many investors are buying and selling their bitcoin at any time they feel like, you can do the same by buying bitcoin now that the price is at a bit low and sell back when the price is high. You must not wait for any special time to do that since you will be investing for profits and with the money you can afford to lose. Every other additional thing is minor than to hodl your bitcoin and keep your seed phrase safe because there is every possibility that, the price of bitcoin today will not be the same in months to come after the halving season. As for the specific time targeted, many will target the new ATH when the Halving has occurred.
Many people are starting to buy now, because the price is still quite cheap.
Down about -70% from the last ATH, which will be the best opportunity to enter because next year will be a good year for Bitcoin.
Buying and holding it now is better to do if you don't have good trading skills.
I even continue to do DCA every week and that is for the long term.
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy based on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?
The dollar may be gaining value against your local currency and not bitcoin per se because aside from the market attack that has forced bitcoin price to drop below the previous price of $30k it, bitcoin has always been ahead of the dollars in all market phases.If you asking on the reason for Bitcoin uptrend market movement, then u am happy to announce to you that, Bitcoin os still very much at it recovery level and until the price of bitcoin get to $50,000 and above only then we can start discussing possible bull market trend
The movement of assets, especially Bitcoin is triggered by economic sentiment, one of which is also a few regulatory sentiment about crypto in several countries that can also affect the movement of demand for bitcoin increases or decreases, it has become common in Bitcoin in each cycle and I think there is no one Strange about that in this cycle too.
What else should you consider buying Bitcoin?, Today we are at a very low price of ATH Bitcoin before, Bitcoin Halving is not long, many large companies want to market Bitcoin even though it is only limited to ETF, but I am quite sure of Resulting in high demand encouragement, i think only needs to use money that is not money for your daily needs.
If you think about it, it makes sense to buy Bitcoin from now on, apart from the reason that the price is already quite low, because I also really believe that there will be a better demand boost before the halving event occurs on Bitcoin. This will be quite obvious when there are more companies willing to market Bitcoin in any way so that a demand boost will arise within the community because they will see this as a pretty good opportunity. So a lot of people probably won't ignore that so they will have the urge to buy Bitcoin before the halving happens.What else should you consider buying Bitcoin?, Today we are at a very low price of ATH Bitcoin before, Bitcoin Halving is not long, many large companies want to market Bitcoin even though it is only limited to ETF, but I am quite sure of Resulting in high demand encouragement, i think only needs to use money that is not money for your daily needs.
You should be able to consider that currently many people will be forced to ignore investment opportunities considering the poor economic conditions. Instead of investing, I can see that they are having a hard time making ends meet amidst bad inflation. Unfortunately that has been the case until now, but not everyone will pass up an opportunity as long as they have the budget.
For now I agree that bitcoin accumulation is worth recommending. Bitcoin is still at -62% of its past ATH, so this is a good opportunity to earn more. Budget adjustments are necessary, but I hope they don't force themselves to invest to the point of having to hold back on making ends meet.
Is this the green opportunity for us to buy or is going to return back after a while
Many investors are buying and selling their bitcoin at any time they feel like, you can do the same by buying bitcoin now that the price is at a bit low and sell back when the price is high. You must not wait for any special time to do that since you will be investing for profits and with the money you can afford to lose. Every other additional thing is minor than to hodl your bitcoin and keep your seed phrase safe because there is every possibility that, the price of bitcoin today will not be the same in months to come after the halving season. -snip-
If you think about it, it makes sense to buy Bitcoin from now on, apart from the reason that the price is already quite low, because I also really believe that there will be a better demand boost before the halving event occurs on Bitcoin. This will be quite obvious when there are more companies willing to market Bitcoin in any way so that a demand boost will arise within the community because they will see this as a pretty good opportunity. So a lot of people probably won't ignore that so they will have the urge to buy Bitcoin before the halving happens.Bitcoin market recovery after the current correction has not yet occurred. I hope for recovery as soon as possible, but there are many factors that hinder it so that extra patience is needed to achieve the desired target.
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?
Not totally that shocking or something new because the market could really move like this on which there's no way that you could really be able to know on where it would really be going and we should really at least make ourselves be wary that not all economical issues and events could really make out that impact or significant effects on Bitcoins price or in overall crypto space but on the fact or situation on which
comparing those previous years until into this present times where economical news could really give at least some movement in price but not really that most of the time but the numbers of situations or conditions that it did make out some impact is really that increasing. Movements would really be totally random and there's no way that we could really be able to know on where it would be going.
It could move without any significant news or even indications in technicals or in charts and that what makes it hard and there's no way that we could really be able to assure that we are on the right track.
Its always be having that random approach and dont expect or anticipate since everything would really be that unpredictable.
The movement of assets, especially Bitcoin is triggered by economic sentiment, one of which is also a few regulatory sentiment about crypto in several countries that can also affect the movement of demand for bitcoin increases or decreases, it has become common in Bitcoin in each cycle and I think there is no one Strange about that in this cycle too.
What else should you consider buying Bitcoin?, Today we are at a very low price of ATH Bitcoin before, Bitcoin Halving is not long, many large companies want to market Bitcoin even though it is only limited to ETF, but I am quite sure of Resulting in high demand encouragement, i think only needs to use money that is not money for your daily needs.
If you think about it, it makes sense to buy Bitcoin from now on, apart from the reason that the price is already quite low, because I also really believe that there will be a better demand boost before the halving event occurs on Bitcoin. This will be quite obvious when there are more companies willing to market Bitcoin in any way so that a demand boost will arise within the community because they will see this as a pretty good opportunity. So a lot of people probably won't ignore that so they will have the urge to buy Bitcoin before the halving happens.What else should you consider buying Bitcoin?, Today we are at a very low price of ATH Bitcoin before, Bitcoin Halving is not long, many large companies want to market Bitcoin even though it is only limited to ETF, but I am quite sure of Resulting in high demand encouragement, i think only needs to use money that is not money for your daily needs.
The movement of assets, especially Bitcoin is triggered by economic sentiment, one of which is also a few regulatory sentiment about crypto in several countries that can also affect the movement of demand for bitcoin increases or decreases, it has become common in Bitcoin in each cycle and I think there is no one Strange about that in this cycle too.
What else should you consider buying Bitcoin?, Today we are at a very low price of ATH Bitcoin before, Bitcoin Halving is not long, many large companies want to market Bitcoin even though it is only limited to ETF, but I am quite sure of Resulting in high demand encouragement, i think only needs to use money that is not money for your daily needs.
If you think about it, it makes sense to buy Bitcoin from now on, apart from the reason that the price is already quite low, because I also really believe that there will be a better demand boost before the halving event occurs on Bitcoin. This will be quite obvious when there are more companies willing to market Bitcoin in any way so that a demand boost will arise within the community because they will see this as a pretty good opportunity. So a lot of people probably won't ignore that so they will have the urge to buy Bitcoin before the halving happens. What else should you consider buying Bitcoin?, Today we are at a very low price of ATH Bitcoin before, Bitcoin Halving is not long, many large companies want to market Bitcoin even though it is only limited to ETF, but I am quite sure of Resulting in high demand encouragement, i think only needs to use money that is not money for your daily needs.
Moves where actually ? Because BTC is sleeping right now without any clear intentions to go either up or down. We've been in this area for quite a while now ...almost 3 months and I don't see BTC making any sudden move in price until the end of August.
In short we are moving sideways, and I'm not surprised though, I think if we go months, after a huge run in around January-April, the price suddenly goes in a sideways, after hitting $31k.Maybe , after summer cycle ends , Bitcoin might start dancing with the price but normally it should go up bit by bit. 
Maybe this last quarter, I mean this is the last push for this year, so hopefully we might be looking for some positive signs. There are predictions that we might be looking for at least $50k this December, but not sure if we can meet that expectations though. I will be on the fence, I don't see it going on that direction, to be honest. But we will see, crossing my fingers. 
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin
When bitcoin exhibit a high volatility in its market value, that is not to say that it loose direction, it's better been said that the market go dip, you have to take note on that, the bitcoin network is also but considering the rise and fall of the USD, it determines it's price through demands and supplies of bitcoin within it's own network, US dollars can be falling while bitcoin is rising, they are also not interdependent of each other.
this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?
If you're expecting a reply of yes or no from us here that we are not been genuine about the market conditions or maybe we also don't have the full understanding of how the market goes, we make decisions by taking risk after we would have conducted series of research on the market, everything is all about taking risk, when you invest, try as much as possible to endure holding for some time, there lies the opportunity you could have waited for.
in bitcoin I only know the bearish season and the bullish season, during the bearish season many people sell bitcoin so the price decreases, and that becomes our opportunity to buy to invest, until finally we will sell it when the bullish season comes. considering that the movement of bitcoin I think is driven by sellers and buyers and besides that of course there are people with strong capital who can move it to lure fomo to come, so many people will think the bearish season is ending
It seems that such a situation is a routine carried out by bitcoin, and all that remains depends on the movement there is when buying and selling. This movement was also influenced by sentiments about the world's economic conditions, which made the market sluggish, and, of course, by strong investors who wanted profits by controlling the rise and fall of bitcoin prices.Because bitcoin is the target of all who expect a lot from its movement, there will always be someone who can take advantage of the ability they have to influence sentiment, both negative and positive. Always do a good analysis before releasing funds to buy or sell what you have.What else should you consider buying Bitcoin?, Today we are at a very low price of ATH Bitcoin before, Bitcoin Halving is not long, many large companies want to market Bitcoin even though it is only limited to ETF, but I am quite sure of Resulting in high demand encouragement, i think only needs to use money that is not money for your daily needs.
in bitcoin I only know the bearish season and the bullish season, during the bearish season many people sell bitcoin so the price decreases, and that becomes our opportunity to buy to invest, until finally we will sell it when the bullish season comes. considering that the movement of bitcoin I think is driven by sellers and buyers and besides that of course there are people with strong capital who can move it to lure fomo to come, so many people will think the bearish season is ending
It seems that such a situation is a routine carried out by bitcoin, and all that remains depends on the movement there is when buying and selling. This movement was also influenced by sentiments about the world's economic conditions, which made the market sluggish, and, of course, by strong investors who wanted profits by controlling the rise and fall of bitcoin prices.Because bitcoin is the target of all who expect a lot from its movement, there will always be someone who can take advantage of the ability they have to influence sentiment, both negative and positive. Always do a good analysis before releasing funds to buy or sell what you have. 
Moves where actually ? Because BTC is sleeping right now without any clear intentions to go either up or down. We've been in this area for quite a while now ...almost 3 months and I don't see BTC making any sudden move in price until the end of August.
Maybe , after summer cycle ends , Bitcoin might start dancing with the price but normally it should go up bit by bit.
Maybe , after summer cycle ends , Bitcoin might start dancing with the price but normally it should go up bit by bit.
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?
What do you mean by moving ? there wasn't any kind of movement on Bitcoin from the last pump of Bitcoin around 31k$ dollars I think that was the last time it actually move when there was some news about the XRP, which actually kinda hype the market a little bit, In my opinion, the market price could probably drop in the coming months and for me it's actually a good thing because I could buy more bitcoin in a lower market price and accumulate more volume as well, I was really surprise that Bitcoin could hold this market price around 29k$ sustaining this kind of price was great but I was surprised about it considering there was no big news about Bitcoin.
Whats going to happened for sure is where gonna continue to drop the market price in the coming months and would pump again in the ber months probably in the end of the year, usually that is where the pump came in,already people are going to realize that the Bitcoin halving is near so hype could easily be trigger and pump the market easily.
Not sure where you've seen it move, in fact over the last few weeks I'm getting tired of looking at the bitcoin charts with thus sideway trend.
It's still more than half the decline since the 2021 high which I think is a green signal to accumulate sats by sats on a regular basis. This is certainly a long-term suggestion, if you only limit profit targets in the next few weeks, I personally have no hope.
I am wondering the same, the price of bitcoin is ranging and it is not showing any kind of trend at the moment, something that is really bad for the short term traders, but the current conditions are great for those that want to do some DCA and have been investing in bitcoin for the last months, also it does not seems as if these conditions will change giving those investors an even larger window of opportunity to buy bitcoin for sub 30k prices. It's still more than half the decline since the 2021 high which I think is a green signal to accumulate sats by sats on a regular basis. This is certainly a long-term suggestion, if you only limit profit targets in the next few weeks, I personally have no hope.
Bitcoin never stopped moving, and the current movement of Bitcoin in the market is currently a sideway, it was been like that for some months now and probably continues until Bitcoin got big good news that will trigger a change of sentiment and hype to the Bitcoin market. We don't know how this sideway movement will be broken but most expect that the halving will probably give Bitcoin market good enough momentum to uptrend.
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Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?
Bitcoin and the dollar are not the same thing, so we can't compare the two together. The price of Bitcoin depends on different factors, like demand and supply, positive economic news about Bitcoin, etc. Also, we know that Bitcoin has two seasons, which are bull and bear markets, and during the bear market, the price of Bitcoin dips due to so many facts that can arise during that season. During the Bull market, there are many things that contribute to the high price of Bitcoin, like the Bitcoin halving. The next Bitcoin halving is gradually approaching, and I think this is still an early time to acquire Bitcoin because we cannot tell what the price will be towards the end of the year or by next year.
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?
I did not understand the meaning of voraciously here. but if you are asking why the price is still increasing or is it continuously gain value then i have two answers for you. Which are in the long ru you will see that the price of BTC is increasing voraciously. but in the short term you might seem some ups and down in the price of BTC.I think in the short term before 2024 we might see BTC at around $40k but that's just my prediction nothing for sure here. So DYOR before investing in it. Because you should try to analyze the market for yourself but if you are newbie then its good that you asked here before after reading some useful answers you will begin to analyze the market on your own.
My POV are, Market is still cooking because of high inflation and high interest rates if the interest rates slow down then we might see another jump in the price, plus if some good news like from US or China came up then we might see slight ups in the price of BTC. (i think in flow i said China because China is already benefiting from the crypto sphere using there second system nation mechanism which is Hong Kong).
Bitcoin moves everyday and why is it moving today, no miracle. It's due to volatility in the market and for some reason, it's low. The price is at that point for some what like 2 months now.
No major movement has happened so that means, volatility is low in the market. Why is it low? Because very less buying or selling pressure in the market.
Let's hope we see a major move soon before halving.
No major movement has happened so that means, volatility is low in the market. Why is it low? Because very less buying or selling pressure in the market.
Let's hope we see a major move soon before halving.
we won't know the price of btc in the future and of course the decision is yours whether to buy or not, but if you buy for the long term I don't think it matters as long as you are ready to accept the risk because btc price movements will be difficult to predict especially for the future, so the decision is there in your hands.
but many people are speculating that the btc price will go up because soon there will be a BTC HALVING so in this case the decision is still yours.
but many people are speculating that the btc price will go up because soon there will be a BTC HALVING so in this case the decision is still yours.
Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last.
Have the ability to buy, buy now before it's too late, before the price graph leaves the current level. So, this is an opportunity to have bitcoin based on the ability to buy because the opportunity to get a profit is still open if you are able to survive in holding for some time to come.Various estimates of many sources began to emerge to the surface that the situation happy for Bitcoin holders had approached the target caused by various positive signals that were summarized and analyzed.
I am looking forward for Bitcoin to be moving above the $30K level maybe starting on the last quarter of the year and onwards in 2024 - though I know am not a good predictor of things especially on an investment vehicle like cryptocurrencies. As of now, it seems the price is really frozen at the $29K zone with no clear indication whether it can break through its own barrier - maybe the market is waiting for the approval of any ETF applications now pending in the SEC table under Gary Gensler.
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin.
Bitcoin has always been volatile, so you expect that it will move continuously. Sometimes, it is sluggish and sometimes it is too quickly. And that motion depends on the demand in the market.Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?
Nobody knows. As long as you're determined whether this is the dip then you must decide for yourself if you want to buy. We're going near to the halving and that's one reason why everyone sees it going up soon.
The dollar is not dumping because it is above other fiat currency, I just checked my country fiat exchange rate to dollar and it has depreciated to dollar. I have always kept my savings in bitcoin so that inflation wouldn't depreciate my funds. Now that the price of bitcoin is side ways is the best time for you to buy and hodli,if you think that you will see a lower price of bitcoin soon,you might not see this price anymore. Get prepared and invest because the price movement of bitcoin is unpredictable.
Is this the green opportunity for us to buy...
If you have the opportunity to buy Bitcoin, take it and wait. If you are not one of those who make short-term plans, you can get the income you want in the long run. Bitcoin is not in motion for now. It's been in these ranges for a long time. For now, I can't say there is a green light, but I can't say there isn't either.
Set your expectation and if you have the opportunity, buy Bitcoin and wait. Make sure you know enough about the market. If you don't know about Bitcoin wallets or exchanges, research and learn. You don't need to wait for the green light for Bitcoin. Unless of course you are a short-term investor.
Not sure where you've seen it move, in fact over the last few weeks I'm getting tired of looking at the bitcoin charts with thus sideway trend.
It's still more than half the decline since the 2021 high which I think is a green signal to accumulate sats by sats on a regular basis. This is certainly a long-term suggestion, if you only limit profit targets in the next few weeks, I personally have no hope.
It's still more than half the decline since the 2021 high which I think is a green signal to accumulate sats by sats on a regular basis. This is certainly a long-term suggestion, if you only limit profit targets in the next few weeks, I personally have no hope.
Bitcoins are struggling in this 29k usd price range for more than a month now. Where did you see Bitcoins moving my friend? Regarding the concern that you made that whether you should buy the coins or not, then yes definitely you should keep on accumulating the coins. There is high expectation that Bitcoins will cross the ATH price next year, so buy now in cheap price. Hold it for few months and sell in almost 5 times profit.
in bitcoin I only know the bearish season and the bullish season, during the bearish season many people sell bitcoin so the price decreases, and that becomes our opportunity to buy to invest, until finally we will sell it when the bullish season comes. considering that the movement of bitcoin I think is driven by sellers and buyers and besides that of course there are people with strong capital who can move it to lure fomo to come, so many people will think the bearish season is ending
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?
The currency of my country is also losing against the dollar. People prefer to hold their money in dollars because they don't have confidence in the local currency. Others that are are knowledgeable about cryptocurrency are converting their fiat to Bitcoin. But for those in the developed world, the dollar is losing value. I am not an economist but it is glaring that Bitcoin has not lost its value since it was created because it keeps regaining its losses over the years. It is also believed that it will get to ATH within the next few years. Lump-sum investing might not be a bad idea but Dollar cost average should be the best option when investing on a small scale. It helps to spread the risk and the purchase less burdensome. See bitcoin as a long time investment if you want to benefit from it because the price doesn't move like altcoins. The price move gradually over a while. But if you want to be a trader, you need to understand how the market moves in a short time.
If Bitcoin shows a positive movement today, not necessarily it will last a long time, maybe tomorrow the price will drop or that will increase. If you are sure you can follow this flow or you can refrain for the entry at another time.
but seeing how Bitcoin's movements in the back of a few months, not sure that this movement will continue, this is just a small wave and if you want to entry, make sure that holding it in a short period of time or if you want to hold it for a long time you can entry now because it can be Bitcoin can pass its ATH in the next few years.
but seeing how Bitcoin's movements in the back of a few months, not sure that this movement will continue, this is just a small wave and if you want to entry, make sure that holding it in a short period of time or if you want to hold it for a long time you can entry now because it can be Bitcoin can pass its ATH in the next few years.
Is this the green opportunity for us to buy or is going to return back after a while
Why are you waiting for a bull run to happen in order to buy Bitcoins? By then it will be too late to buy at a good rate because the price will have already gone up significantly.
If you want to buy Bitcoins, now is the time to do it, while its moving sideways. Not when it's about to go up and down. And I mean buy a lump sum, not using DCA.
why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin...
When Bitcoin drops the value of the dollar against it rises it;• $30,000 equivalent to 1BTC
• $30,000 equivalent to 1.09BTC
This does not mean that the dollar is rising but Bitcoin is dropping. Samf thing happens with different currencies when priced against the dollar which is giving you the impression that the USD is rising significantly when it is not.
Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?
If you want to hodl bitcoin, you can do it now because nobody can tell how the price will be in the near future, but with the way things are going, this is the time you should buy bitcoin if you wish to do the investment because the price of bitcoin has been normal for investment for the past month now, and the price can rise at any time, so you can see that anyone who is able to buy by this time, even if the price rises, can do what they want. But with the price now being stable, I think it will be like this for now.
However, if you also think you can't buy now, it's up to you to make your decision the way it will favor you, but with the way the bitcoin price was moving early this year, you can see that it's decreasing when compared to the current price. When you make your decision, don't forget to invest the amount you can afford to, mate, because I can see you are still a beginner.
Dollar isn't rising, like any other unlimited fiat that keeps being printed, dollar is also dumping
Perfect chart to prove this point:
(Consumer Price Index for All Urban Consumers: Purchasing Power of the Consumer Dollar in U.S. City Average - ticker CUUR0000SA0R)
-45% in last 20 years.
-65% in last 40 years.
-90% in last 60 years.
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?
Bitcoin is flat dead for last 5 months. Nothing to see here until we break 32k or 25k. Just random sideways movements.
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Is this the green opportunity for us to buy...
Apart from what others have answered, I wanted to focus on this. You have to focus on the long term. The worst thing you can do is think about buying today to sell in two weeks or two months. Buy to hold for 5 or 10 years and then you will see real profits. In 10 years time the current price will look like a bargain, so if you have that long term view you will buy at these levels to the extent of your financial ability.
What do you mean? Bitcoin has been on a sideways chop since forever now; and while I'm no trader, I don't even know how you can make bullish/bearish decisions based on such a long stability period. It seems to be coiling though, what the direction will be will be your guess.
the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin
Dollar isn't rising, like any other unlimited fiat that keeps being printed, dollar is also dumping (evident from the high inflation in United States). What you are possibly referring to is your local fiat dumping faster than dollar (hence the exchange rate going down). In which case converting your fiat to bitcoin for as long as your fiat is dumping could be a good opportunity. Of course your should first educate yourself about Bitcoin, wallets, etc. so that you just don't lose what you bought!
I don't think the price will start to increase or get a rally yet and it looks like Bitcoin price will be like this, maybe until the end of the month. It's like a long wait for the Bitcoin price to start increasing and breaking above $30k levels. But before that happens, it looks like we will see another up and down movement like before.
You can buy it now if you want. You can also buy later when the price decreases. It's up to you but you have to analyze before deciding. But to trade, you have to be more careful because Bitcoin's current movement is difficult to predict.
And to me, the current price movement looks sideways and still waiting for the moment to increase. But I don't think the sudden increase is coming, at least this month. It's just a possibility because we don't know the truth. So be careful when deciding.
You can buy it now if you want. You can also buy later when the price decreases. It's up to you but you have to analyze before deciding. But to trade, you have to be more careful because Bitcoin's current movement is difficult to predict.
And to me, the current price movement looks sideways and still waiting for the moment to increase. But I don't think the sudden increase is coming, at least this month. It's just a possibility because we don't know the truth. So be careful when deciding.
It’s not moving. It hasn’t been moving since 2 months. We got the lowest volatility ever for Bitcoin. At least according to all the volatility charts.
Most likely it’s due to summer and due to people just losing interest in crypto. All eyes are on the Bitcoin spot etf getting approved and eventually launched. Then we should see a large trigger of new money flowing in. Right now it’s just going to keep trading sideways for weeks.
Most likely it’s due to summer and due to people just losing interest in crypto. All eyes are on the Bitcoin spot etf getting approved and eventually launched. Then we should see a large trigger of new money flowing in. Right now it’s just going to keep trading sideways for weeks.
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?
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