Topic: Why Isn't Bitcoin Going Lower? - page 2. (Read 303 times)

They will do the same thing, I mean when the price of bitcoin is 20k they wait for the price of 15k, and just say bitcoin goes down to 15k they will definitely say "i wait until bitcoin reaches 10k". Laugh out loud. If they really want to buy I don't think they should do that, what they are doing is a waste of opportunity. It's not wrong for them to do this, but how long will they wait for something like that? until they realize that what they are doing is not right? Honestly, I can't stop thinking about this.

I think he is assuming that Bitcoin should be dump in proportion US equity market drawback since there is a lot of loss on the global market since the bear market start yet Bitcoin still holding to this price level which is still high.

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This is normal @OP because there is alot of whales that still not selling that holds the majority of Bitcoin holding since the bull run start like Microstrategy and Grayscale. They are the reason why the price is still hih despite the global market is crumbling.

somehow people are waiting for it to go below $15k or hit $10k if it's actually above $19k it's much cheaper and it will last until the whales are tired of dumping their bitcoins below $20k, so it's just a matter of time to go to the next bull market, watch in a few bitcoin time is never far from the price of $20k either below or above

It seems that OP lost a shorting against bitcoin. And to OP, I don't know how long you've been in the cryptospace so I assume that you've been here for a short while, as @mk4 said above, bear markets typically lasts for a really long time. You need a lot of patience if you want your capital to grow, look at the early adopters and where they are right now except of course to those who've lost their coins somewhere.

bitcoin does not have a zero bottom.
bitcoin cannot tank down to zero easily..
there is actually some economic fundamentals

no where on the planet can anyone mine bitcoin for less than $15k/coin
no one is willing to sell mined coins for less.
other people that want bitcoin but cant mine that cheap will just buy bitcoin.
this created a very strong wall of support that stops bitcoin going below $15k
everyone on the planet can only buy/mine/acquire bitcoin above $15k

those lucky enough to acquire bitcoin for $15k obviously want to make profit so they want sell for exactly $15k. hense why the speculative market is resistant to drop below $18k
and so the speculation of premium prices above $15k comes into play

stop thinking that bitcoins VALUE is at the 'high' where drops in prices are bad

remember the value of bitcoin is below the market speculation low.. and the highs are temporary unsupported bubble periods of high speculation premium.. they are not suppose to stay up high, they are not suppose to stay up and be supported.

the ATH are suppose to correct down back down to near value levels

the speculative window which bitcoins market price wiggles around is not $0+

its a window last/this year of $14k-$70k
the price wiggling inside this window can change due to many sentiments. and its due to alot of negative stuff that its wiggling at the bottom end of the window

but this is a great opportunity to buy coin at the low. while its cheap because this window is going to shift forward and upwards due to the whole deflationary/halving cycles push upwards of the window

emphasis: $1-$1k-$10k bottoms are not in the realm of realistic possibility for 2022

bitcoins non zero 'bottom' is at $15k

Don't link Bitcoin with Luna shitcoin and the other scammy centralized Bitcoin staking site aka Celsius, Bitcoin could drop more lower, but if you think Bitcoin would hit $10K or below, I think that doesn't make sense considering there's so much adoption on Bitcoin right now.

I think the bottom of Bitcoin that can go very low is only around $15K, $20K seems to be a strong resistance and that's might the bottom of this bear market in this year.

We just nuked from $40k down to around $18.5k in like 5 months; that's a huge enough drop, at least for now. And whose to say we ain't gonna drop further? As it's definitely still very possible. Sometimes bear markets can take longer than people think.

Though i never get the exact point you're trying to come up with inbthis approach but i can tell you that bitcoin is incomparable to altcoins or the fiat currency regardless of the denomination, what youbassume to be the prediction or determinant for bitcoin price isn't it at all, what makes bitcoin rise or fall is majorly on its demand and supply and notbthe stock market values of other fiat currencies, they can't determine the fate to bitcoin even at this peak period of USD, it rises and likely to fall over time, bitcoin value is far ahead them in many ways that fiat does not affect or determines it value or rate

Bitcoin is still over nineteen thousand
dollars even what we after we've seen a
50 almost a 58 trillion dollar drawdown
out of the equity market and  the U.S
Equity market and also fixed income in
the United States so that of the
market capitalization so we are still
over nineteen thousand dollars how is
that is possible even after we've had Luna
we've had Celsius we've had you know the
dollar Skyrocket into I mean almost
all-time highs are essentially all-time
highs in many different currencies
especially the pound and the Euro.