Topic: Why the price of Bitcoin still in such a state? - page 3. (Read 609 times)
In such scenarios, the most effective quote that never fails to ease a worried mind is "when in doubt, zoom out." This quote can never be more accurate specially in this situation, because if you do zoom out, you will see that we are still not fcked. Not unless you are one of those people that fomoed into bitcoin when it was on its peak or those lev traders that also fomoed and does high lev trades with just about any hear says out there. But even when you bought on the peak, it isn't that much of a problem unless you encounter a time when you need the money you invested. Which is why it is always important to always invest amounts that you can easily afford to lose since you can easily wait the storm out or even DCA if you have extra idle funds.
If we say "god knows what will happen?" and just leave it at that, then how do we decide when to buy? We need to find some way to calculate it, it needs to be based on something otherwise it is just random purchases.
We don't. We leave it to... the calendar. Dollar cost average -- be it at the time you receive your salary, a time you decide to put away your disposable income, or a fixed day of each month -- takes away the guesswork and ensures you get an average price that's well below peaks (since Bitcoin spends the majority of its time between each ATH down rather than up).
Enjoy life, build a career, focus on what you're good at or passionate about. DCA man.
Not that really much minding nor believing about fundamentals when it comes to Bitcoin price since we know that it could really make price go up and down without any reason behind and its been proven out after long
years of this market existence.We cant assure if we do able to withhold or not such support nor break resistance because everything would really vary with the demand and recognition.
Dont make yourself stress out on its movement because you are the ones who would really be putting up problems into yourself.
This is true, there is no denying that but at the same time we are talking about things that could move according to the data given as well. This means that we need to learn to control our feelings and just focus on what the data tells us. Doesn't mean we will profit each time, doesn't mean that data will be right each time, but this still proves to us that we can't really be making any leeway based on our gut feeling or just patience.years of this market existence.We cant assure if we do able to withhold or not such support nor break resistance because everything would really vary with the demand and recognition.
Dont make yourself stress out on its movement because you are the ones who would really be putting up problems into yourself.
If we say "god knows what will happen?" and just leave it at that, then how do we decide when to buy? We need to find some way to calculate it, it needs to be based on something otherwise it is just random purchases.
In my opinion, one of the factors that the crypto market is in the red zone is due to the ongoing geopolitical problems from major countries that have an effect on bitcoin and altcoin prices falling. In such situations, many investors choose other, less risky hedge assets to replace highly volatile cryptocurrencies.
No one can accurately tell why the price of bitcoin is falling. If we look at the bitcoin market in the last three years every April, Bitcoin prices are usually bullish. In the last few days the price of bitcoin has risen above the $40k area after dropping to the $39k resistance a few weeks ago. Therefore, I project the current upward trend to continue until the end of April and the Bitcoin price to potentially rise to $50k.
It's not that it's hard to tell where the price will be, it's a given fact. It's that want factors affecting the market to go on the downside. As I have said previously, we still have the war in the background that's why the price seems to be just above the $40,000 mark and there is a big selling pressure going on. Although this week seems to be a very positive for us, we just don't know what news will come out next that could either influence the price to go +/-.
years of this market existence.We cant assure if we do able to withhold or not such support nor break resistance because everything would really vary with the demand and recognition.
Dont make yourself stress out on its movement because you are the ones who would really be putting up problems into yourself.
No one can accurately tell why the price of bitcoin is falling. If we look at the bitcoin market in the last three years every April, Bitcoin prices are usually bullish. In the last few days the price of bitcoin has risen above the $40k area after dropping to the $39k resistance a few weeks ago. Therefore, I project the current upward trend to continue until the end of April and the Bitcoin price to potentially rise to $50k.
It's not that it's hard to tell where the price will be, it's a given fact. It's that want factors affecting the market to go on the downside. As I have said previously, we still have the war in the background that's why the price seems to be just above the $40,000 mark and there is a big selling pressure going on. Although this week seems to be a very positive for us, we just don't know what news will come out next that could either influence the price to go +/-.
No one can accurately tell why the price of bitcoin is falling. If we look at the bitcoin market in the last three years every April, Bitcoin prices are usually bullish. In the last few days the price of bitcoin has risen above the $40k area after dropping to the $39k resistance a few weeks ago. Therefore, I project the current upward trend to continue until the end of April and the Bitcoin price to potentially rise to $50k.
Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.
They say that the correction is still not over and that can be the cause of the fall because there are no bad news that appeared lately except only from the positive one's. Not only you but most of us have also predicted that btc price will be better by the time we hit the month of April because during month of march, the price is already showing a sign of increase but unfortunately it didn't continue, I think what happen is just a trap and we all have been fooled.A lot of us made a mistake by predicting btc's value so don't down yourself too much because we didn't even blame ourselves for what happened. For us this was just a normal thing.
In my opinion, the price of bitcoin stabilized after correcting a few weeks ago. However, as investors remain cautious, the price of bitcoin has fallen again in recent days, although the decline is in the $40k-$39k range. But no one knows for sure that the cryptocurrency and bitcoin markets are down. Perhaps one of the contributing factors is the increasing number of negative sentiments as well as the uncertainty of global macroeconomic conditions and the Russia-Ukraine geopolitical conflict that made traders nervous.
The Russian-Ukraine conflict is still at the background, so investors are going to be very reluctant and maybe they want some assurance first before investing again. And that's why it fit the pattern of a bear market this year, as the price goes down to $40,000 and there is the possibility that it can still go down if there will be another FUD or negative news. But then again, the uncertainty and geo-politics can be turn around by anti-bitcoin and use it to spread malicious news that will cause the market to decrease slowly.
In my opinion, the price of bitcoin stabilized after correcting a few weeks ago. However, as investors remain cautious, the price of bitcoin has fallen again in recent days, although the decline is in the $40k-$39k range. But no one knows for sure that the cryptocurrency and bitcoin markets are down. Perhaps one of the contributing factors is the increasing number of negative sentiments as well as the uncertainty of global macroeconomic conditions and the Russia-Ukraine geopolitical conflict that made traders nervous.
Negative sentiments are normal after those dumps happening and most of the investor are cautious about putting their money on bitcoins since there are some negatives thoughts rotating in the market. But once everything goes right we can see a major changes that might affect the bitcoins pump again. Also at the moment price of bitcoin seems in good state and might we can see some little pumps in next following days.
Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.
The market is like this because of the same reason as always, the supply and demand, the demand for bitcoin at the moment is weak and there is some sort of equilibrium with those that want to sell their coins, so there is not much of a reason for the price to go up.Just accept the fact that your prediction was wrong and move on, maybe it will take a longer period of time for the price to go up or maybe the price will go down, but whatever the case make sure of taking advantage of whatever the market throws at you instead of sticking blindly to your predictions.
is there someone here that shouts Bitcoin is dead? Am not sure if there are any unless troll or those account that has been losing in their investments because of greediness.
Unfortunately there are too many accounts and people who keep on either trolling or maybe they are serious but keep saying that bitcoin will crash. They say this in a way like how they are "right" when it is going down, and they say it "just you wait!" type of way when it is going up. They have always failed, this is why I keep thinking that maybe they are trolls, but they are here and there.Look at twitter, that is even worse, there are so many people who think they "mock" crypto while people make tens of thousands of profits, like more than their yearly salary, in a few weeks, only due to some good investments and they hate this fact and that is why they keep mocking and creating FUD.
In my opinion, the price of bitcoin stabilized after correcting a few weeks ago. However, as investors remain cautious, the price of bitcoin has fallen again in recent days, although the decline is in the $40k-$39k range. But no one knows for sure that the cryptocurrency and bitcoin markets are down. Perhaps one of the contributing factors is the increasing number of negative sentiments as well as the uncertainty of global macroeconomic conditions and the Russia-Ukraine geopolitical conflict that made traders nervous.
But my idea is wrong.
Pretty sure you already have the answer to your question. Plus I think your time frame is a bit too small? Bitcoin didn't reach its current status in just a few months, look at it in the big picture instead of a small one and you'd honestly be able to see that 2-3 months is nothing. It's going downhill because of the small perspective you have, so honestly just keep calm and wait, we're going pretty steady atm which is a lot better than dropping down like a few months ago, and that would mean that the market is stabilizing. Now as to when it will pump no one really knows, but it might be better to wait in a time frame of 1-2 years instead of months. Even if we didn't see some great changes to the price which could make all people happy still we can say that we are in good position knowing that price of bitcoin stables at this current rate, maybe those changes we assume to happen will happen in future and I believe this bull run which people always discussing for is not gonna happen by this quarter or maybe on next since I think we can expect that to happen in next halving as history show this will always happen on this event.
Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.
You are not allow to tell people about the market will go better when you know nothing about the currency you are referring .and besides bitcoin is not going downhill instead it is now stable for a while, staying at 40k level in the last couple of days so why would you call this a downhill movement ?
and Bitcoin is still strong in this way , look at it now ? I believe that we can see more of this situation for the whole 2022 and maybe there would be something we can expect better for the 2025 at least.
It's not in a bad state all things considered. We are facing high post covid inflation, a huge war in Europe, we might face energy shortages due to countries looking for new suppliers of natural gas and oil and global markets are reacting to the news. Bitcoin is acting much more stable this year compared to other bearish years. Go ahead and compare the last 4 months to the first 4 months of 2018 and you'll know what I'm talking about.
Let those pass , because there are many things that can happen here and there but remember that Bitcoin and crypto will maintain its momentum year after year.
Even a lot of experienced people must have failed in their own predictions. Nobody is experienced enough to be able to successfully predict what comes next in the price of Bitcoin all the time.
I cannot find a specific answer as to why the price is still not rallying toward $50,000 until now. I was expecting $50,000 even earlier. I don't know, perhaps there is a continuous sell off which somehow prevents the price from rising. Or perhaps many are already taking profit because they were able to buy back at around $32,000.
I cannot find a specific answer as to why the price is still not rallying toward $50,000 until now. I was expecting $50,000 even earlier. I don't know, perhaps there is a continuous sell off which somehow prevents the price from rising. Or perhaps many are already taking profit because they were able to buy back at around $32,000.
But my idea is wrong.
Pretty sure you already have the answer to your question. Plus I think your time frame is a bit too small? Bitcoin didn't reach its current status in just a few months, look at it in the big picture instead of a small one and you'd honestly be able to see that 2-3 months is nothing. It's going downhill because of the small perspective you have, so honestly just keep calm and wait, we're going pretty steady atm which is a lot better than dropping down like a few months ago, and that would mean that the market is stabilizing. Now as to when it will pump no one really knows, but it might be better to wait in a time frame of 1-2 years instead of months. Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.
Well, expect the unexpected since Bitcoin is always that way and no one can tell no matter what prediction they made. What we do is to expect more adoption of Bitcoin and large institutional investors should invest in but most of these bigger companies aren't into Bitcoin yet. If you are a trader it might be quiet hard to earn some profit with the market condition since just like what you said the market was always going up and down and there's no certainty that when is the next pump or maybe a new ATH but I have a feeling we are closing to the bear market yet. 
If you've been in this market for a long time, you should have realized how it works, it never just goes up, it goes down after it goes up a lot. you can notice that:
1 - when the price reached 10,000$ it dropped a lot to 3100$
2 - when the price reached 20,000$ it also dropped a lot
3- when the price reached 56000$ it later dropped a lot to 28000$
4 - when the price reached 68000$ it later dropped a lot to 34000$
but it always goes up again, the market will always go up a lot and then it will go down a lot.
1 - when the price reached 10,000$ it dropped a lot to 3100$
2 - when the price reached 20,000$ it also dropped a lot
3- when the price reached 56000$ it later dropped a lot to 28000$
4 - when the price reached 68000$ it later dropped a lot to 34000$
but it always goes up again, the market will always go up a lot and then it will go down a lot.
It's not in a bad state all things considered. We are facing high post covid inflation, a huge war in Europe, we might face energy shortages due to countries looking for new suppliers of natural gas and oil and global markets are reacting to the news. Bitcoin is acting much more stable this year compared to other bearish years. Go ahead and compare the last 4 months to the first 4 months of 2018 and you'll know what I'm talking about.
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