Topic: Why the price of Bitcoin still in such a state? (Read 609 times)

I definitely agree with you. In times of uncertainty, the best decision would be to take a break from doing leveraged trades. It would be better if people just pick a few good altcoins in their eyes then buy little by little on spot as the market drops even further. The problem is that most newbies are very stubborn and that most of the people who give out signals only care about their community population which is why they still risk giving signals despite the risks. Still it would be nice if the people following such signals would strictly follow the instructions and not over leverage or go all in on every signal given.  Oh well, it is what it is, best teacher is experience so better let them experience now than later.

People who barely know how to read signals should not be using any stop loss or any other method and should stay away as further as possible for the time being. Market is already losing blood and it is basically just a situation where even veterans are leaving and not trading like crazy right now, and that means that if we could stay away from it as long as possible until it gets better than it is better.

If we learn about signals and be great at finding where to buy, then even the signal could come to be a wrong one, because market could move hectically without caring about the indicators. So, it is best to stay away for the time being.

Stop losses do reduce losses but in some scenarios where a signal has been given(with a limit order, take profit zones and stop losses zones) and the price does not reach the take profit zone then drops to the stop loss zone, the profit that could have been raked in is now turned into a loss. All due to not knowing a at least basic knowledge about the market. Mind you, I was talking about people who barely has knowledge about the market and relies alone on signals. This includes most basic indicators let alone trading plans nor portfolio plans.

But let me indulge you on that thought you had about "news being precisely insignificant since it would just reflect on charts sooner or later" brother. Seeing your rank I must assume that you have been in this industry for quite a long time already and may have tons of experiences in both investing and trading. Now, would you not agree if I say that the educated guesses we make with the help of some indicators do not go the way we thought it would in some cases? This is most probably the reason why some traders use tons of indicators and wait for several confirmations before entering trades. But even then some still suffer defeats on some trades because some big news has happened or some influential person made a negative or positive statement in relevance to cryptos.

My main point about this is that while technical analysis can give us an edge, without awareness about news or macro economical issues that take place, we cannot make a better trading plan. This is mainly because we are waiting for the indicators on the charts to show us a direction where the price is heading which may be too late to react upon considering how fast the crypto market moves sometimes. Resulting into half assed plans the turn into bad decisions. I hope this makes what I was saying prior to your response a bit clearer for you now brother.

Bitcoin price movements are very volatile, it is very difficult to predict where Bitcoin will move and it definitely makes us confused. Whereas
previously the price of Bitcoin dropped to the price of $37k and many predicted the price of Bitcoin would continue to fall even lower.
It turns out that the reality is different, because now Bitcoin is surprisingly back up to the price of $ 39k, so it is too difficult to predict
the price of Bitcoin. Instead of being confused by Bitcoin price movements, we better just focus on holding Bitcoin until our selling target is
achieved. If we really have capital, there is nothing wrong with every time the price of Bitcoin drops we can buy more Bitcoin, because after all
Bitcoin will never disappoint us if we are able to be patient holding the Bitcoin we have. It is true that holding Bitcoin will prevent us from making
wrong decisions, and of course holding Bitcoin makes our chances of making a profit even bigger.

Just simply hold if you do make yourself get confused on whats happening in the market.Most likely newbies would really be having those mind boggling moment on what the heck is happening in the

market..Why it hasnt moved for long time? Why it do moves that much(increase/drops).? You would really be having these common questions in mind.
If you arent that careful or mindful about your actions then it would result into mistakes.So its better to have that hodling option instead.

Without a doubt the conditions are not optimal for the growth of bitcoin, and not only that now we are seeing a PR camping against bitcoin and POW and unlike the attempts of governments to try to scare people away by claiming that bitcoin was only used by criminals and people with bad intentions it seems the current strategy is resonating more with the average person, so when we take everything into account then it is natural that bitcoin is not behaving very positively as of late.

If you cannot keep the price of Bitcoin then best to HODL for long or never invest at all , because though this is the safest currency in all crypto yet this is the most volatile and most Slow mover.
The common investor of Bitcoin are those who wanted to keep their coins in longer chances than taking their income shortwhile .

War would be a good reason, we're just a few moments away from accidental or purposeful attack vs NATO.   Putins actions are pretty dull lately its hard to tell if he has some personal problem perhaps.  Even if he lost this latest war its a bad trend, even if he stepped down its dangerous instability in a nuclear power and this is not when markets do well vs fear.   BTC is a market asset now subject to wider concerns.
  Its easily enough reason to spike tensions, markets retract, dollar spikes and the price of a great many things can suffer.   At the same time we have rising costs from the tail end of a global health crisis that killed more then in generations, you cant make stuff up happening in this sequential way would be enough to cause the great depression again; theres no question BTC does very well despite the headwinds from hell.

^ No, you are not wrong, you are on the right path just keep believing in it.
Dont look at the market daily or weekly, this will make you confused about the price. Keep your BTC in a safe place and come back after a year which is for sure BTC will fully grow. It is normal that the price of BTC will fluctuate because of its volatile nature that BTC has. So you don't need to worry if you can patiently wait. There will be a price waiting ahead for those people who can patiently wait.

People should really be realizing this thing on the first place or on the time that they had set their foot that they would be mainly dealing with volatility and different market conditions
on which it would neither be too moving or on a sideways movement or bearish or decreasing behavior and vice versa.If you dont prepare yourself on something like this
then you would really be ending up on freaking out and boggling up your mind on whats the thing happening in the market which majority do knows
that it was just a normal stuff.

Something like that can be solved incredibly easy by just having a stop loss, the level of which you decide by using indicators which have nothing to do with the news, and even if you knew what is happening outside the charts if you have a successful strategy then you need to let the price to hit your stop loss and take you out of your position, so nothing changed, which is why I do not think it is important precisely because if there is an important enough news then it would be reflected in the charts sooner or later anyway.

With what we are experiencing in the market this is the nature of bitcoin (volatility) , the best option for me is to keep on holding. I Have come across market value like this , with my experience it's for me to patiently hodl because the value of bitcoin will definitely increase unknowingly to anyone.

You can pray but you must also do an action , because from there you can contribute to the increase and that will bring Good outcome . for more than 5 months now that we are experiencing a fall from the ATH back in November last year , so we are still hoping that there will be something best to come at least before the end of this year.

Most predictions are wrong, that was the reality, and why? We can't simply see what is coming because of the volatile nature of the market. I thought also that the market move forward as it has been too positive at the start of this year however, the momentum began to change as the conflict between Russia and Ukraine begins. The declining trend seems to continue deeper at this time, I think we even reach close to $30k but of course, this will never stay like this for a long-time, we expect recovery by then.

Now the war of two countries was the cause of the huge dump in the price of the bitcoin.This was the good time to inverse your money in the trusted cryptocurrency.If you choose the bitcoin for the investment,then you had choose the correct option.When the war issue was solved,the price of the bitcoin will crossed to the huge high value.You will get huge profit in a short period of time.

This is actually how the market works for any coin, bitcoin is no exception.
there are even other factors that cause bitcoin to continue to be suppressed, so that there is a decrease in buying and selling prices, the utility of demand and spending is one of the reasons why bitcoin declines, although there are other things that affect

Which is exactly why it matters because if you do not understand what's going on you will most likely get rekt. Main reason why lots of people lose out on good gains and loses money instead is because they hardly have any idea what's going on and how things are connected with each other. Those people who only follow or rely on signals for their investments will mostly get rekt as well since when fast market movements happen they cannot react as fast as they should since they do not understand what they are doing and are just waiting for what other signal is next or waiting for the prediction to actually happen when in reality it may not anymore since some change has happened again in the market. Knowledge and the ability to apply that acquired knowledge in whichever suitable scenario is very vital for us crypto enthusiasts since we are in a type of market that is overly volatile.

As long as bitcoin continues to stay at 40k in current geopolitics, it is also a success.

After the covid pandemic has devastated a lot of the economy, now war and rising inflation are slowing down the world's development so don't expect too much in a year full of ups and downs.

We also had a very good year of growth last year and most profitable for investors, this year will be a year of accumulation rather than growth.

Lol, You should acknowledge that the reaction and price action of bitcoin depends on demand, market impact.  Anyone can make a true/false statement within the sphere of influence that natural value can form.  Bitcoin has an internal force that can change its price, adjusting based on fast or slow market factors.  That's what the volatile nature of the market makes, believe in the long term, and corrections are temporary.

At times it does matter, maybe not this time but there are periods when it matters. For example when the price hit 64k for the first time in April of 2021, china "banned" crypto again, which they did a million times but they just ban a niche part of it each time, this one was mining I suppose, and Elon said he will not hold bitcoin anymore, or buy, or accept bitcoin payments for tesla something like that right around the same time as well, a few other minor things happened in bear move as well.

So all in all, that mattered because it looked like a coordinated attack. When those type of falls happen, it is dangerous to us all, but these ones we are seeing today? That's nothing, no bad news at all.