Bitcoin Forum

I will say the market has no direction now and so far we have seen a new ATH even if this is the highest Bitcoin can go for the year it's still a good profit for patient holders. To you how would you manage the price of Bitcoin now will you still risk the market or patiently wait for a new break-out on either side of the trend?

If you hold, the price can decrease, but it will increase back and later after decrease and increase, another ATH will be attained, which means you do not need to bother but just hold for years if you are not using your funds for anything.

If you are in need of your money, then sell your bitcoin, but know that most gainers are the holders. You can sell, expecting the coin to fall, if falled, then buying again would be great. But people that did not sell will also still later gain and Bitcoin will reach ATH.

The time is the best for futures traders, it's not good yet for the spot guys who'd like to get an entry from where they can make better profits. I'm still waiting for BTC's weekly close before we can say anything on its position, because if it holds $56k while suffering from this "not bad" dump and ends up above that level after weekly close, it'll not go down deep to levels where people are thinking about. Though, I doubt it'll hold it, because of this - https://www.pcmag.com/news/us-department-of-justice-is-selling-56m-worth-of-bitcoin

As I see it, now is the time to go in and buy more bitcoin as the correction continues, maybe this is a very good opportunity to buy with the possibility that the price will slip more down, but I personally have the theory of buying more bitcoin and increasing the quantity as the price drops more because I see the upside clearly Despite this temporary correction, soon we will see the explosion of the market and the arrival of Bitcoin to a new ATH before the end of the year or the beginning of next year at the latest, so I think it is better to hold out now and whoever has spare liquidity will have to support more and more because the time to take profits is very close.

There is no need to wait now that the price dropped today. Bitcoin dropped $3,000 in a day and this is huge , maybe tomorrow it can go down more. Watching out for a good entering time is needed. The new week can be a determination for  what direction that the price may move to. The $57k support has been cleared, we may see some rush in the market this new week because of the end of the year rush.

CME report are still having more long positions even when the price of Bitcoin plunges below the 60k and I'm still confident and it's still manageable price right now. More like we are in the accumulation phase and it's just a matter of time until we broke that 6 figures for Bitcoin price. I wonder why people are still being FUDded over such nature of trajectory for Bitcoin, once it broke a new ATH just be prepared for a downside scenario maybe by days or even weeks.

Decisions like these would still end up on someones discretion and we know that we do have different takings and decisions when it comes to this and if you do look that Bitcoin price is nowhere to go or doesnt have any patterns then its just a typical stuff.

Bitcoin price movement is never been predictable on the first place thats why you should be wise on doing or making decisions and this is where
people experiences would vary.

Deal up with things according to your knowledge and skills.

Waiting patiently and risking at the same time can work.

As you're holding, you're also taking the risk because you have no idea what will happen next to the market. It's unclear for the direction of bitcoin? I don't think so, there's a direction that we're not just seeing right now.

Wait until this dip is done and we'll see the recovery and the direction that's going to become clear afterwards.

It depends upon the position you want to take considering when you invested and how long you are planning to hold in the unfortunately situation that we see a major correction ;) . We had a great rally in the market and there are things that are going on in the world especially we are going through a pandemic and the inflation is a huge issue and commodity price are rising drastically which is not a great aspect either which means anything is possible and we will see how the market will react in the next few days.

How you do able to say that it has not direction?

Bitcoins price and other coins in the market had some serious or deep correction at the moment but doesnt mean that this is already the end or something like that because ive seen lots of threads that do talks about being over which is really laugable imho.If you do have that sufficient experience in the market
then you would really be that chill and relax on whats happening now and instead of freaking out, you would rather see these moments to be
the best time on accumulating cheap coins.

Going out and avoiding watching charts from time to time or the price of Bitcoin is good for me.
If you are here for the long term, you should not be worried about the price of Bitcoin right now. We just created all-time high a few days ago, so for sure this is just a correction.

For certain things happen like this I mostly covert my bitcoins to stable coins so that the dump will not cause any huge harm unto my balances and can able to buy back again once the market stabilize then starting to recover back again. But for people who can take the risk maybe its good for them to hold still and brings some extra capital to do buy backs since this can lessen the market pressure brought by the current dump and we will got higher chances to earn again.

What do you mean no direction, it's either going up or down.

I think the best strategy to manage is just to simply hold and then buy at dip, simply as that. Others hedge it to USDT or something. But smart investors knows better, I mean currently we are in a correction, so this is a golden opportunity to buy bitcoin at a cheap price.

And then that's where the patience that you are talking about, HODL on it and wait for the market to make break out to the upside.

I'm used to seeing the price of Bitcoin turning ups and down hence its not surprising anymore if the price is declining. Its just that, some of us (particularly newbies) are expecting the movement to be always positive even we know its not possible since its high volatile.

I keep holding and maintain to be firm especially during this time that we need to avoid panic selling. I decided to forget for a while the market and focus on other things because it can help to stop thinking about the current happenings on crypto.

Just relax and take the dip.

This is just part of the process, but always look at the future as bitcoin will eventually achieve a new ATH, maybe not this year but for sure by next year there will be a lot of surprises. In every ATH reached, we can always expect a correction and what we are seeing is just pure correction.

Also, don't be surprise as if you only see it now as it's been this way ever since.

Yep, we can't do anything about the current correction we are seeing, we have to accept it.


For those of us who have seen this kind of 'flash crash', we think of it as just part and normal process. And so we built mental toughness and then we wait till the price bounce back and recovered and the process repeats itself. So nothing to be surprise here, and we should always look at the bright side, that this dip is a good time to buy and it won't last that long and perhaps we can reach all time high again in December.

I don't. That's what makes my life much easier, I don't look at what the price is today, or in the next few weeks/months, I look at it for the next few years. Honestly, fussing about the price day in day out just stresses the f out of me so I just decided to stop doing that and hodl for as long as I could. Honestly just take it, up or down for the price today or tomorrow, it wouldn't last that long. Bitcoin hasn't peaked yet, so assuming that it would go down just from a few dips seems pretty bad imo.

What happened now, what happened before and what happens in the future has become the nature of bitcoin what has happened will happen again.
so take it easy, everything will be fine and when the bitcoin price goes down sooner or later it will rise again, so you just need to be patient or take advantage of the downturn to make purchases to grow your holdings or hold it firmly until the bitcoin price rises again according to your target.

and I think the things that happen to bitcoin are normal for those who have been in the industry for a long time and will relax or calm down, except for those who are newbies.

These are both good idea, but the second will be good, not because of the selling pressure but because the person is still holding bitcoin and having fiat to buy more during dump. Some people have a good investment strategy, an example is when an investor divide his capital into categories and having certain time to invest. When bitcoin falled the last time to $30000, some investors divided their investment capital into categories, like when bitcoin falled to $45000, they invested. When bitcoin falled to $40000, they invested more. When bitcoin falled to $35000, they invested. When bitcoin falled to $30000, they also invested and expecting bitcoin to fall to $25000 to invest more. These kind of people have gained now and having this kind of strategy rather than selling all their bitcoin. But yes it is true that these kind of people are helping the bitcoin price not to drop the extent it ought to have if they are not selling their bitcoin.

There are very least possibilities for ending up the current bull run without FOMO driven rallies hence a new ATH yet to come and what you have mentioned about "manage bitcoin" are belonging to only active traders and certainly not for long-term holders. In my opinion, most people from this community are long term holders which means you may not get a right suggestion for your action of managing bitcoin price levels for current situations ;).

Develop patient and adopt long term strategy to enjoy hassle free profits (simply try to make use of all dips (https://bitcointalk.org/index.php?topic=5132720)).

I am expecting a sharp bounce back by this weekend as Elon Musk may get back to action after taxation and some governments may unveil their neutral stand on cryptocurrencies by next week. So, sideways trend to be expected for all remaining days of this November.

If the market is crazy and a break-out could happen either up-side or down-side, best to stay calm and wait patiently for better days to come. Now what I see is a short term bearish trend and the price could test 53k and then go higher if it holds. Bitcoin should correct further given that the market remains bullish. Yep, I'm bullish, but I'm worried that Institutional whale money may see this as an excellent opportunity to short the market. Oh well, no one can be sure.

Lol. Actually you can't manage the price of Bitcoin, you can manage your investment, your portfolio, although I get what you mean. In my case I am patient. I keep buying regularly no matter what the price does. I prefer the price going op, so I see that my net worth increases, but if it goes down I just think I am going to buy cheaper.

Bitcoin is very unpredictable at this moment because there is no clear picture for its price movement either to go down lower or moves up higher than the current price. But probably, i see more price dumps after today but i think it will not go down below $50k anymore. So if we think we have all the means to buy with the current price, maybe this is a good buying moment. It's either we'll grab the chance now or we'll miss another opportunity. Because at the end of this year, i know bitcoin won't settle for a price that is bearish since december will always be a bull season for bitcoin. Just keep the faith.

Whenever i am feeling this is the bottom and it will not go further down , Bitcoin prove me wrong. And whenever i feel its top and possible bitcoin will go down from this price , bitcoin always go up. So the statement " There is always a bottom after bottom , and there is always a top over top " is right for bitcoin. So whatever decision we take we have to enjoy it , otherwise we will spend un-necessary time in regretting.

You are just right. Bitcoin is looking unpredictable this time. Yesterday's bottom has continued this morning still pushing down who knows the support it is trying to find at the moment. The price rally is heading bear yet, hope it won't have to end bear for November ending against the bullish speculation for the year as opening bear for December may be difficult to achieve a bull. It is better to grow with the bull rally for the last month.

I still manage my time by holding my bitcoin after buying for more because I believe this correction will not last forever and will change with the rise of bitcoin. I want to become a holder for a long time while trading to profit from the fluctuating price. So I do not mind seeing the correction come this time because that will be my best time to buy more bitcoin and I hope people will not panic because of this correction instead of knowing what they need to do for their benefit.

I don't implement any system at this time for my bitcoin and just hodl ! it shouldn't be like that but some business keeps me can't managing my bitcoin assets ! should bitcoin asset management be important ,you can buy altcoins that are tren in any market to increase amount so not only hodl for something that is not certain ! ^{trade when you get enlightened and find opportunities wherever they are so don't stop at one point}

I am still confident about getting a new ATH this year but at the same time bitcoin market is looking like struggling without any big triggering news for heading in one direction. I am also seeing people are getting panic when they are seeing small corrections in the market but when they get used to usual cycle of market like reaching a new ATH and then some corrections after that, then probably they will not look for any suggestion from this community but will go for using dips in their favor. When market is falling down, what else we could expect other than this kind of confusion from most people.

How come it did become stable? Its always been volatile and unpredictable in the first place thats why it isnt really surprising that we do come up like this.
Therefore as an investor or trader then you should really know on how to utilize these movements for your advantage.
We cant really just have a market with having continous price increase.

For now the best thing to do is to wait up for possible bottom. How to find out? Its up on someones choice and analysis because
not all would really be having the same mindset and decision.

no direction? lol can't you see the graph is pointing towards growth , have we met multiple ATH almost every quarter? so we must understand the bull is still on process of making high and high.
I am seeing the 80k maximum price this year end.

but I actually agree with your way to hold bitcoin, because that is the best way that can be done right now. although we see bitcoin corrected quite deeply but usually bitcoin will be able to make changes at any time to increase again. this seems to have been done several times when bitcoin reaches ATH then there will be a correction again but there will be an increase to reach renewable ATH.

if there is an intention from you to change to altcoins, of course that is something that can be done, but it seems that altcoins are also not good because of the effects of bitcoin. all once again depends on you who have analyzed well and feel what you are going to do is the best possible alternative by changing to altcoim.

Altcoins are more dumped at this moment because their value only depends on bitcoin which is also getting dumped. But its never a bad idea to start buying altcoins too as long as you are choosing from those major a altcoins because even if they dumped, they will always bound to recover again.

For bitcoin, always hold them because eventually once this correction will be over, bitcoin will always create higher chances to reach its new ATH that will give benefits to those long term holders for bitcoin.

We should deal with the risk as always or into the time that we do have set our foot into this market which means we had already anticipated for losses to come specially the market doesnt always mean that we are on an upward movement.We couldnt tell on how far a correction could go and each one of us does have different level of experience which means we do really have different decisions on certain conditions
which whether we do buy or simply wait for some opportunity.

If a person is a trader then it is important to have several strategies depending on the market conditions, right now the market is ranging, which means that it is not moving towards any direction in particular, still this is enough to produce profits if you have an effective ranging trading system.

However if someone is thinking on investing in bitcoin for the short term it could be a good idea to wait a little bit and see if the market takes a direction as otherwise if you take the position before that happens and you took the wrong one then some losses would be inevitable, however if you are a long term investor there is no need to do that as almost any moment is a good moment to buy bitcoin as sooner or later bitcoin will surpass with ease the level at which you bought it.

  If we tend to buy, then i think this a good buying moment while bitcoin is still not surging its price. But for those who want to wait a little, i guess don't wait too long because we don't know if bitcoin will suddenly recover and reaches again above $60k so we lost another opportunity to buy.

However, despite all these uncertainties, i still manage to stay calm and continue hodling my coins because i know this correction won't stay for long. Eventually, things will be back to norman and we witness again new ATH for bitcoin and for those top altcoins.

Just hodl if you can't manage the market right especially if you don't have a skills in trading when the market is red. But instead buy more if you see an opportunity to gain more because Bitcoin is worthy to hold in the long run. Only pro traders that has a set of skills can make a profit in this kind of market and you don't need to push yourself that hard if you won't be gaining anything in return.

This price is just the result a normal movement of the traders plus the correction but to tell you what this is better than Bitcoin continuously going upward trend because the drop isn't that high too which makes the market to hold long before breaking a new ATH someday.

In the hourly and even daily charts, it seems the price really has no specific direction. It could go either up or down. This is exactly one of those times when you just have to buy or hodl and wait for a longer time frame. The lack of direction can only be found in the short term. If you zoom it out even a little you will see that the direction is really upward. Particularly now in the final quarter of 2021, I am still convinced that the general movement of Bitcoin's price is upward.

I think this might be the low and if we do break and head lower the $53K support will be front run. This is what usually happens in very strong bull markets. If it gets front run then you know it’ll break ATH soon. Because right now too many people are selling Bitcoin for alts and the people who want to buy will buy at $53K.

With stocks hitting ATH last week I am expecting for crypto to continue it correlation and it will rally together. Seems Bitcoin showed more strength today compared to ETH which is what you want to see.

It's normal to se indecision using low time frame such as daily and below on this volatile market. Use longer time frame like weekly to have a general overview on the crypto market. According on weekly chart, Bitcoin is already turn in to bullish after printing a 2 consecutive solid red candle  for 2 weeks. We might experience a further downward movement on the following week until we reach strong support and bounce from there. 50K level is my best guess for this before we enter bullish market again on December.

I think the price will be like that for temporary as I do not see the price still up and down many times and confuse some traders to determine where the bitcoin price will go. This situation is good enough to buy low and sell high and we do not have to wait for a long time to sell bitcoin and make a profit. It is better to make a small profit and have a chance to repeat the process because that means our profit will be bigger too. We are in the last quarter of 2021 so hopefully, the bitcoin price can surprise us at the end of this year.

You are keep asking for New ATH but the question is that "Are you Investing"? because for someone to expect a great hype they must be adding value to the market in which investing with good amount.

But if you are just here to lurk without any giving then better to keep your mouth shut.

We always see bitcoin very bullish every last quarter of the year but this time is different. Bitcoin is having a hard time to either to go down or to go up in its direction so investors and traders as well are skeptical too of their action. But i know at the end of the year, we will still see bitcoin bullish and ends up with a new ATH again.

However, this might be the right time to add more bitcoin on our portfolio while the price is still below $60k because once it breaks $60k again, i have a feeling that it will go straight forward again until it landed into another ATH.

Traders must be very happy or very upset right now. They are either buying low and selling high and making quick profits during this period, or they could be also buying and then it could be going down even more which means they either have to hold it more than they would like to or they could be simply just doing a stop loss to get out quickly with a loss. This is not a period for long term investors, for us it is always the same and there is nothing wrong with anything, but at the same time we would like to consider this as a period we ignore since we can't do much and just wait for it to get better and buy as much as we can since we only care about long term.

That's the best and safest thing to do right now, buy the coins with their low price and still go for long term holding. This is a time wherein most of the investors and traders should take a short break while patiently waiting for the market to be normal again. Because if we force to make ourselves still profitable this time, i'm afraid this will only result into unexpected losses than our aimed profits. But i know for bitcoin, even if we make an entry at this point, we will not be making big losses because bitcoin will always find ways to move upward even if most of the altcoins will continue dumping. That's what makes bitcoin more unique from others.

It is tiring to face the market as it is today, but we do have to be patient when deciding to invest in Bitcoin. After this year several times reaching
new ATH, it is only natural that Bitcoin is now experiencing a correction. After all, Bitcoin's decline is not that deep in my opinion, because
the price of Bitcoin is still above $50k and that's a good achievement. I agree the best thing we can do right now is to buy Bitcoin and hold Bitcoin
long term. Because after all if we learn from the history of Bitcoin price movements, Bitcoin prices will always recover and rise to much higher prices.
That is one of the reasons why Bitcoin is in great demand by many investors, because as long as we are patient holding the Bitcoins we have,
then we will get a fairly large profit from Bitcoin. Hopefully in the near future the price of Bitcoin can soon return above the price of $ 60k again.

It is a tricky situation, follow the market and take your position as it is really difficult to predict what the market situation would be in the next several weeks. I have booked my profit during this rally and i have touched my target, so even if in the unlikely situation of a major crash, i am happy to hold the coins for the long term or take positions considering the market situation at that juncture.

No, $50,000 is too far down. Looking at the chart, I am seeing a very strong support at $55,000- $56,000. We have bounced from there a number of times already in the last week or two. So I cannot see why Bitcoin will fall down really hard at $50,000.

And also the price at this moment is already recovering a little. It is in fact approaching $60,000 already. It is hard to imagine why it will lose another round and start falling high again.

This year's situation will be different from previous years because many people and companies watch bitcoin closer and want to take involved deeper by investing in bitcoin. Maybe at the end of the year, bitcoin will surprise us by reaching the next new ATH that can pass the last ATH. Hopefully, that will start moving before the end of the month or next month.

Yes, bitcoin gives us more time to add more bitcoin if we want but we need to analyze to find the right time to buy bitcoin. I also feel the same as you that bitcoin will move at the right time and people will not expect or predict if bitcoin starts to rise at that time.

This situation makes traders confused to determine when they can enter the market because if they get the wrong time to enter, they need to wait and hold or use stop-loss, which can impact their funds. That is why it needs more analysis to find the time in this confusing moment because if we can get the right time, we can sell bitcoin whenever we want to make a profit. I still consider this a good time for long-term investors because the price does not increase higher, but this price still makes them doubt buying right now. If we want to hold for the long term, we can buy right now without thinking much about the price because our goal is in the future.

Please  Explain what is "No Direction" for you? because the way market is moving now there are uptrend direction at all and some corrections happens along the way.
That is something he needs to answer  ;D ;D ;D

If you are not investing then you are not worth of asking anything .

And now we are again in the support levels of $55k-$56k, so it was a falls break out that we've seen as the price almost touches $60k in the last 24 hours. Nevertheless, as you have said, we have a strong support, for now.

Not unless this support level crumbles because of selling pressure in the next day or two. Hopefully this will not be the case. But as we approach the weekends again, I think the price will remain in the sideway patterns. The best thing for us to do is what, or re-invest at this price and buy the dip.

The market never lose direction instead this has own movement in each situation , even Bull market has a growth direction while Bear market is a falling market.

in our situation now it is that market is stabling in a position in which may grow or fall andthis is the best position for those who wanted to buy or those who wanted to sell.

so never think of market having no direction.

Shut up and enjoy the market working and ignore all the FUD and panic, but of course this is not as easy as imagined especially for those who have invested their main capital in bitcoin during ATH. I don't mind selling my bitcoins at a high price during a bullrun as I can expect something good during a correction as this is a good strategy to collect a lot of bitcoin at a low price. It's about trading strategies in an effort to take advantage of the moment of correction (buy in dip) and hold on until recovery occurs and take profit.

Currently the bitcoin price has touched $54K, so there is still potential for it to drop around $50K before making a purchase. So I thought I'd just wait a while before making an entry to get it at a low price.

Right now, I'm just patiently waiting for the market to go down even though I'm holding Bitcoins. I'm still saving up some fiat money to be used to buy some Bitcoins and other coins when it goes down.

The market as of this moment goes down very hard because of the new coronavirus strain that has been found in Africa. Because of this I think that is why the investors has a negative sentiment thus, selling their holdings and put the prices of the crypto coins down. I think the best thing to do right now is to wait and be patient. For me, as long as Bitcoin remains above $50,000 then it is still bullish but if it goes below that level then the downside pressure might increase and put Bitcoin to even lower price.

Technically yes since there's only 3 direction in the market which is Uptrend, Downtrend and Indecision(Sideways). But if you read carefully the whole thought of his statement, He is just pertaining on the sideways movement or indecision which you explain. No need to point out his no direction statement since you clearly get what he is trying to say.

Answering OP, Buying when there's a trend reversal confirmation is the smartest way enter in a plummeting market. Use DCA always if you really want to get in on every possible dip to avoid FOMO.

It should be on this way on which you wouldnt really stress out yourself too much yet this would really lose your cool if you do mind always much seriously on what to do.When it comes to management then this is something really hard because of the unpredictability of this market which simply means that that you should prepare plans A B C's whenever a certain analysis would really fail out and its normal.
Just dont try to be perfectionist then you should be fine.

Today's bitcoin market cap has dropped to -7%, as well as its price and this is definitely not the worst condition ever for bitcoin. In the previous ATH period, bitcoin price fell -50% from ATH but now we are only -21%. There is still a possibility that the bitcoin price will correct again to reach -50% until mid-December. But during December, ATH can still be expected.

I'm not in a trade, so do you think this is the best opportunity to buy even though I think there is still another potential correction?

The market is predominantly moving sideways.

I personally think that we will continue to move within this $50-60k corridor for a while. I don't see a bullish breakout any time soon as $60k has been tested numerous times and has proven to be a very strong resistance level.

We will likely go and test support at $50k soon. I'm confident that this level will hold up though, because there are a ton of institutional buyers ready to snap up cheap coins.

This is the smart way to invest by anyone. If you are a good investor, you do not feel sad whenever some of your investment goes down, if you truly believe in your investment then the price drop means it is undervalued and not get sad about it. So, you end up buying even more, I have used this for 13+ years now in stock market, if I believe in a stock and the price of it goes down then I do not feel sad about it, I just keep buying more and more and more as long as I believe it will do better that means I am dropping my purchasing average.

Eventually, one day it will go up to the price it should be and we end up being in profit, which is exactly the situation bitcoin is in right now and we will have that for sure. It is going to be 100k+ one day, and buying now is awesome for all of us.

It was very sad seeing the support becoming very weak after several days of providing defense against a fall. The moment it was broken, everything fell so easily. I was not expecting things to just freely fall like that.

We are going farther and farther from the $100,000 target within this year. But it seems we have developed a strong support at $53,500. I hope this one holds and could serve as a launch pad when things begin to consolidate and bounce.

Till now it is a guess but who knows because, for me, every correction is an opportunity to buy. The market won't live that long in correction or is in bearish, there is something we called recovery which surely comes after. If we have enough money left to invest, this is the moment to spend it. Patience is the thing we have to carry upon investing. If we can manage to do this, there is no problem but if not, that seems disappointing as for sure negative minds come to it and then to sell in not a perfect timing and price.

Yes, it is. Hopefully, this is the last correction for bitcoin so then the price will start to increase. It will be no problem if the price can not jump to the high price instead of just increasing slowly because that means the price is still getting support from people and will increase at the right time.

The price can go back to $54k now, so I hope the price can sustain at this price for a while, at least, until this weekend and in the next week, the price will increase higher. We have another good chance to buy back more amount so we should use this time to accumulate more satoshi before the price increases.

For me , I think that if you truly believe this coin and trust the future , then this is the opportunity to Buy and buy more, actually Discount is offered already now. from 60k the price now stands to 54k and that is at least almost 10% lower.

Bad for me because i have left nothing and all are already Inside my holdings , but if this movement continues until my Holiday Bonus and 13th month pay releases then for sure i will invest 70% of them all in bitcoin.

I agree, I'm not trying to be perfect but just trying to take advantage of opportunities. Market volatility was taken into account for this strategy to work well for me and may not work for others. Like most others, the strategy of buying on a correction is the best way to collect more bitcoin and volatility will provide an opportunity for us to profit.

No one can act perfectly when it comes to bitcoin prediction, even though there's a correction still we don't know when the correction will stop.
But if we saw a down price after a bullish trend, that is normal because as we can always see, after the price was massively increased it will always have the opposite reaction, the downside. You can manage yourself to become more patient at all times and never sell during the price goes down. That is how I can manage my bitcoin during having a short correction.

price rises and prices fall have been a part of bitcoin's life, and this will forever be the case. when the price is going up people who have bitcoin will feel happy because they have the opportunity to sell at a higher price, and when the price is down new potential investors will feel happy because they can get bitcoin at a lower price. what we have to do is take advantage of opportunities as well as possible because market conditions are very difficult to predict.

Growth and fall are both part of any investment , specially in this volatile market .

also this is a great example to show how Strong and active the area of profiteering is, because in this case we can see people are adding and withdrawing in which helps the crypto market extend their popularity over the years.

Black Friday sale is now done with Bitcoin. Bitcoin at $53,000 was really a steal. Good job for those who were able to take the opportunity and bought at that highly discounted price. Today, Bitcoin is showing some green candles. The price has even breached $58,000. Right now, it has fallen a little and stayed at $57,700.

Although I am not very comfortable with its situation right now, I am hoping that since December is coming and it is a pretty much good month for Bitcoin the price would at least get back above $60,000.

Finally, the price can go back to the $57k level for now and I believe that will still increase in the next month. I use my time to buy more at $55k, well, that is not the lowest price I could buy but here I am making a profit if I sell it now. But I will wait for some time or I will sell some fraction and convert it into fiat because we are now at the end of the month which means, I need to pay my bills ;D

The bitcoin price now seems to want to hold the price not to go up or down for more. I do not know for sure because now is a critical moment for bitcoin at the end of this month. Hopefully, this day can give more for bitcoin to increase and back to $60k before the end of this month.

^^ Yeah, at least we have seen the price bounce back to $57k and hopefully it will not be another bear trap being set up by speculators and the run will continue and lead up to the next psychological barrier which is $60k. At least December will still be very bullish for us and who knows, we can still end the year at $70k-$80k with a huge green candle every week till the last week and then looking forward for another great year in 2022.

Were not sure but who knows, right? It is something to think and says it was a bear trap for those who never invest at this price and waiting for more drops. We could predict that next year will be for another great year of Bitcoin and that seems possible since the adoption continues making huge demand at the same time.
Once the market breaks for another new ATH $80k, we could think it was easier to reach $100k also. I'm very positive about the incoming but then, it has no way to expect much. 

The support is strong this year compared to another year before, it bounced multiple times when the chart looks like going to falling deep.
So i think it's okay to keep buying when the price is dropping more than 10%, that's already the dip for me.
I still have a full confident of crypto moreover bitcoin this year because it has really strong fundamental

to prevent risk it's always good to stay away on this kind of situation. Because the movement is unpredictable, even we say you just want a quick profits because there's a bunch of false break out and etc it's still not safe.., but unless if you're skilled in such situations perhaps you can survive, if not better to stay away and wait for the bull to take over again, that's a good idea in my personal opinion especially if you don't how to do shorting because for sure most traders nowadays that's the only choice to obtain good profits despite of the current situation...  :D

A bear trap or a real bearish .. nobody know right?  ;D , it's always about uncertainity at this point as the market swinging still. i personally more to a real bearish ahead , brace yourself. there might be a bull trap instead with these 5percent up daily but its been more than 20% dropped weekly now.

31 days to go till the new year arrive and people start dumping some of their coins , some might bought more but yeah its nee year and people need some cash to celebrate it in style.

There are situations where it drops because of manipulators as well, not all increases are dead cat bouncing or fake breakouts, sometimes it is legit what the market wants and that is how you learn that manipulators are the ones behind the fall. If we do not buy then how would it ever go up? If you don't buy, and I don't buy and he doesn't buy then we are going to constantly go down. Which is why I believe that prices going up even during these bad days are very important, it is proof that people want the price to go up.

This is why I do not care what the price is doing, I end up buying no matter when, plus buying when it is lower is a great way to make a profit as well. Since, it is low right now, even if it doesn't recover right away, it just doesn't make sense to me that we would be losing a ton of money here, just keep on making a profit from buying lower and you will be fine.

No one really knows honestly and to those people who do claim that they do then its definitely a scam.No human on this world could able to predict on where prices could possibly move.

Managing your position wont really be that simple and its true that this is something would be hard and requires lots of experience which would really be ending up on trial and errors.

Whether bearish or bullish run then you should know on what you gonna do.

This is the end of the month already. There's no $60,000 most likely. It will have to wait until December. It's coming anyway.

But I am still counting on a new ATH within December. $60,000 is one tiny goal for the last month of 2021. The year should be closed with a bang. Even if $100,000 is already out of play within the year I am still bullish for Bitcoin's last hurrah.

The amount that you convert for your bills this month could pay your one year bill in the near future. Lol.

This is what gets many new traders in problems, can a trading system predict what the market will do? Of course, but the problem is that new traders want to be able to do this 100% of the time and this is not possible, some margin of error must be accepted in any trading system.

There are systems that are highly accurate as they wait for very specific circumstances in the market to happen and the trader only keeps their trade open until their objective is reached,  while there are others that are less accurate but that can still give profits by being able to ride a bull market almost entirely and as such they can endure multiple small losses in a row, but no system can be 100% accurate and unfortunately some traders believe they can pull this off only to realize too late this is not the case.

It may not be around for right now, but I am sure it is going to happen soon. We just need to wait, hell maybe before it is midnight in some nation it could become 60k? I do not know but I hope that it will be doing a lot better very soon. Maybe not this month, but early in December? It looks quite possible for now. I do not know what to expect at this point, it looks like we could maybe reach to a position where it would be a lot better, but at the same time I am worried that it may not become something that I would be expecting it to become that easily.

Let's wait for it to unravel a bit more, if it drops then it drops and it is still fine, if it doesn't drop then we may get some bull run during December month. It is very vital to get into the new year with a great increase, it would help boost morale and keep the increase going for the next year.

Ever since that I know Bitcoin and start to trust this project, I'm no doubt that my trust is intact. All the changes, like the dump and pump scenario, are a part of the market issues and it never changes anything for me coz I understand and I think that we are all aware of the volatility of the market that made this thing. Should we have to worry about this? NO, because even in the stock market, price fluctuations are still present and we can't hold that nor stop it forever. Because this is the reality in crypto and this it gives attractions.

Indeed! The up and down movement is a normal trend in any market. But with bitcoin, we all know that even if there are bearish seasons, we can confidently say that it will not disappear overnight as its position in the market has long been established. Unlike with new alts, we have some hesitations because we don't know how long they will stay in the market, because in some cases, once the dev team got their pockets full, they will abandon the project and disappear.
So if you are a believer of btc, if the price is going down and you can afford to hold, then hold. Because it is not always going down, it will go up again once good news starts rolling again.

Having an attractions from crypto would really provide us hope for what we've been struggling for so many years. Good business that has been linked towards bitcoin, but it's so sad to think fluctuations made our emotions so difficult to thrive. Managing btc price needs strong dedication and self control which can be diverted with other coins just to seek other options as well.

Yeah, no one really knows for sure the movement and the sentiments of investors. I've watch the price, it went as high as $59,000 and then suddenly went down hard to $57,000 again. I thought that we have a momentum to $60,000 but I was totally wrong again.

There are dumping that happens, maybe some manipulation behind or it means that this is another bear trap. Hopefully though as we start December the sentiments might change to bullish again and at least goes for another all time high before the end of the year.

As long as you are investing the amount that you can afford to lose then i see no problem with that because at least you can leave the funds for long time and wait for recovery and profiting .
and besides this is normal when the price increase there is a tailing of bearish as others will take their profit out and that is called correction.

Apparently, Bitcoin gives hope to the most who trust this thing. They risk money, their time, and giving their support despite the nature of the market because they believe that Bitcoin will save them in the future. Emotions are our greatest enemy but I think we can control this if we trust crypto and Bitcoin. From what I said that we can't control the market fluctuation, that is why don't make this a reason to feel worried but rather to keep this feeling fade away.

Even though Bitcoin price has continued to decline the last few days after ATH a few weeks ago, I am patiently waiting for a new breakthrough in the crypto market. I believe that after the current price decline, the price of bitcoin will again experience a significant increase because I believe in the long-term potential of bitcoin.

We see more of a future that will explode of course this is still a long time and if what we see is a correction for me this is common, only I want to invest again or not to break ATH later it will definitely happen again and I assure you that.
No need to hesitate in saving BTC even if it's only a little but the value can still change as bitcoin recovers, but now bitcoin is trying to redeem 60k in december if this can be achieved then 70k which many people expect will happen.

Unfortunately I have seen so many people who invested money that they didn't even own in crypto. I read somewhere that some guy used all of his company's payroll to get into crypto hoping that he could make so much more, even 10-20% profit on that and cashing back would mean yearly salary for him and instead he lost it all.

I do not know how people "lose it all" in crypto, aside from leverage trading and big margins which is something you should probably not even consider when you are risking someone else's money. Dude lost his job and went to jail for doing that of course. All in all crypto is a very risky thing if you are not investing with the money you can afford to lose.

Diversification is the key!

Risk taking level is totally different on each person and not all would really be able to take grasp into something which is more riskier and some do tend or plan to play safe or less risky towards their investment.

When making such action specially on some pullbacks or corrections then this is something a very common one which is to buy but this
action is something the hardest thing to be done.

Why? We are still afraid that the price might shoot down even further.

My question, do you plan to sell your Bitcoin this year or not? If you don't want to sell your Bitcoin in the near future, you don't need to think about the increase or decrease in Bitcoin price. People are worried about the Bitcoin price dropping because they want to sell their Bitcoin in this bullrun. But selling Bitcoin isn't a must, you can continue keeping your Bitcoin if you want.

yes fluctuations in the stock market are still there, but certainly not as big as bitcoin.
actually bitcoin price movements that can go up or down very quickly can provide benefits. when the price goes down it provides an opportunity for us to get bitcoin at a cheaper price, and when the price goes up we can get a profit. but of course this also requires proper analysis and calculation.

that's the advantage of bitcoin with other stocks,, bitcoin has a fast correction but the recovery session is faster than the correction side. you can take advantage in a short time and can buy back in the same time as well. while other stocks can not be like that.

By the current market situation of bitcoin if an investor are just invested for a short term investment then I guess before the bitcoin's price corrected he must already sold his btc on the high price. The market today seem to have a quite long correction, well we don't know what the movement would happen since we're now in the Q4 of the year which in my own perception we should have to see another milestone unlock of bitcoin's price however there's no assurance, so for me if you're planning to hold for a long term investment then there's no need to worry about the pump and dump of market today and holding it for a long term will guarantee to be worth it.

December is a month people get hopeful about bitcoin due to 2017 December. If you look at every other December it is not as good as 2017 December and we may not get something like that ever again. However, just because people are hopeful, they may end up buying some more crypto during this month and it could help us get out of the current bad cycle. I am not entirely sure if that will happen or not, I am hoping that it would happen but there is no guarantees about it.

So, we just have to wait and see what is going to happen, it could end up being something very profitable or it could end up with being something that is totally unexpected as well, we just need to be prepared for anything. I keep saying that this month could end up with either 70k+ or under 50k and both of them are equally possible by the looks of it, if we are not ready for both, then we are going to regret it.

We do really expect something into these kind of times on which we do really believe that those happenings in the past would definitely happen on each year to come specially on last months of the year where most events do really happen or situations tends to be bullish.

Somehow its not an assurance for it to happen and we should bare it up into our minds and dont expect or anticipate much so that you wouldnt
really get frustrated whenever the market goes the opposite one.

The bitcoin market tends to fluctuate. Sometimes the price can also be stable as was the case for this year. In managing the price of bitcoin you must have smart tricks, accuracy, and accuracy. You can try it by selling bitcoin when the price rises slightly from your initial capital. Even if the profit you get is small, it will be better than the loss.

The market is waiting for new investors because conditions like this are the right time to invest in bitcoin because the price is dropping. most likely the price will return to normal and do not miss the flight again. many investors are waiting for the plane to leave and some are still worried that bitcoin will go down again. Although it is difficult to predict future prices, it is better to be prepared for prices to soar again.

I believe that it is always better to be patient especially for short-term investments. But as for the long term ones, you can buy at any level you would like. The most important part there is to set a price goal for selling a certain amount when you reach the goal. Otherwise, there is no stop point for anyone. And this can cause very worrying situations to happen.

Bitcoin price has never stable and it will never stable because it is not a stable coins or USDT, so don't expect stability of Bitcoin even in time to come. Now to op, we may not see any new ATH before end of this year again because any moment people will start selling their holding for Christmas and new year celebration and that will lead to a downward trend of Bitcoin price.

everyone are indeed having that thoughts ... to see bitcoin continuously breaking the all time high , but let's be honest  you cant expect that in short time and you cannot expect that all the time right? there is a time to rest , and it might happening right now as you can see bitcoin heading to below $54k and counting ...

one thing that should everyone knows & noticed, there is no trader with 100% win and profit. there is always a loss and your main task is to minimize it , there is a lot of ways , keep trying & practice till things get perfect.

Although what I all saying was that holders will not lose if they are patient but what you also said is true because what makes some traders to lose is because of greediness, but this is specifically about traders not holders. What makes some traders to lose is because they do not have a specific goals that can make them to make profit, one of the goals is certain just small amount they will win in a day and never trade again after wining the amount, but some will win it and continue to trade hoping to win more but later it turned to losses.

The price of bitcoin can not be stable, the volatility can reduce but the price will continue to fluctuate.

Very difficult to take out greed from the mind of every crypto currency traders, you can quote me anywhere brother. And this is not only applicable to traders alone but even those who buy and hold are not free from this same problem of being greedy as that has led many to lose more money in crypto currency trading and investment decision.

something humane will always happen to someone because the desire to make more profit while there is an opportunity is very open, even though the opportunity will not always be sweet but actually bad things have happened. but that greed is inherent in everyone and how can you regulate self so that greed is not too excessive and can provide benefits later.

everything is returned to the behavior of each person in doing so that they are able to handle and control properly and that can be done if there is a desire.

Maybe we can see it trading sideways for a time being and that is what we are now looking at. The price is just bouncing around $48k-$49k and it's hard to go over the resistance of $50k.

So it's hard to manage bitcoin but just remain calm because we can't do anything about it but to wait till the market has enough good news to push the price over $50k this week. But so far, the Fed news and the Omicron variant is still in the air lingering that's why the price is somewhat on the 'stable' side.

All the topics that I have read regarding BTC speak the same, nobody knows for sure what it can stop, some say it is a bear trap, but when reviewing the volume it is difficult because I see orders at $ 58k and I do not see more orders up , in fact the orders that I see down reach $ 52k, whatever direction BTC takes, I do not think it will fall below $ 50k, and as they are waiting for December to arrive to see the market behavior it is likely that we will have a possible new ATH at the most anticipated price of $ 100k or even more, but it is all a matter of waiting, it is mere speculation.

Right now the bitcoin selling trend may still be high in the market, because some people will certainly need money at Christmas and New Year's celebrations later like you say, so that a bigger selling action than demand will make the bitcoin price bearish, I'm also very sure if later we will see bitcoin will return to a positive track as it enters 2022 and hopefully we will see bitcoin price break its highs so far.

When it comes to holiday season then we could really presume that there would be some selling but in some people believed that there would be some

buying because back in the past we've seen a bull run on this year end month situation which people do really have that belief that it might
happen again thats why whenever we do approach year end then these kind of threads and speculations do normally comes out.

Bitcoin price could potentially able to reach new ATHs or could make out some crash or deep correction.

Yeah, we are still positive despite the current situation.
This is not the first time we've been in this situation and we can get through this. Only we need to be calm and don't let our emotions control our minds. Coz at the moment where people got panic and dump their Bitcoin, that surely it affects the trend and drives the market to dump more. If we can manage to control this, then we could think that the market will be able to recover faster.

Each investor has their own target, we don't know what his target is. If it is short-term, what you said is true, better to sell the Bitcoin before more correction. I doubt if he already sold their BTC, I guess he still holds his BTC till the next year. He may have a big target to sell their BTC, may be above $100k.  :-\

My strategy is simple, when the market drops 3% then I immediately move to a stable coin like USDT, usually if the market has dropped 3% it will continue and I'm glad I didn't lose too much when the bitcoin market fell more than 15% 2 days ago, and when I saw the price go up at least 2% so I immediately buy bitcoin.

although long-term investment of course buying at a low price is much better because it affects how much profit we get when the target is achieved. buying when the price is high as it is now has a very high risk because the current bitcoin price is still not far below ATH. I think if you want to invest long term, buying when the market is bearish like what happened in May and June is much better than buying now.

Large and small demand and supply are the main factors in the price of bitcoin in the market, so in this case maybe the big whale is the actor behind everything that is happening to bitcoin besides fud and also the good news , bitcoin is currently experiencing a decline of almost 40% from all time high (ATH) which was reached on November 9, 2021, and it is very difficult to say whether bitcoin will soon reach a new ATH point or maybe we will need a little longer to see bitcoin rise again.

Bitcoin has reached ATH 2x this year I think it's very extraordinary and now the price is back the correction is not too deep I think it's very reasonable, I as a Bitcoin holder really believe although not in this year Bitcoin will again reach its latest price peak in the not too distant future.

This kind of strategy is a pretty good strategy in dealing with market conditions like today, but its implementation is quite complicated because you have to monitor market conditions all the time.  I used to use this kind of strategy and it was quite effective in dealing with very sensitive market conditions like today, but recently I changed to the long-term strategy because I have some busyness that makes it impossible to monitor market conditions all the time.

Why is it difficult? We will be able to see a new ATH point in about 4 years, when the next growth cycle begins.  :)

It seems to me that the bitcoin is already exhausted in this race. Looking forward to the next.

From Nov 19th forward we were stuck in a range until it broke out of that range negatively.   Now price action is lower and trying to turn around, the bottom price right now is on top of the negative trend since ATH and so long as we remain above that trend  (https://talkimg.com/images/2023/06/12/Avf7Z.png)there is hope of an immediate recovery this year.    It might take us moving sideways or even lower and much more time to recover otherwise

after hitting the new ATH the bitcoin price didn't drop too deep which means it's good enough to be able to get back to its new highs again. since Bitcoin reached its first ATH this year I see the market price has not corrected too deeply so a few months later Bitcoin reached a new ATH for the second time this year. I think with the current price being between 45-50k it is very possible to return to its peak price, I believe it. So I advise not to panic sell your Bitcoins when the market is down because of the rapid price movement that has been happening lately.

I'm sure bitcoin is still promising, I suggest it's better now to buy it in installments. It means saving by buying from the smallest
This can use several strategies, can save in installments, and also wait for the wave of the crypto price

I believe the current decline in bitcoin is still within reasonable limits, especially since it has happened in recent years.

But this market movement is still within reasonable limits and the crypto assets themselves, especially those with large capitalizations, also have broad use cases, and are still promising for long-term planning. If we look at history, it is possible to return to a bull run around April 2022.

The easiest thing I do when I see a red market is more than 5% is immediately move to USDT or BUSD, by moving bitcoin to a stable coin it can reduce losses, this is a technique that I have been doing since 2 years ago and has been proven to reduce risk.

it seems like moving bitcoin to a stable coin after the bitcoin price drops 5% is a bit too late as the 5% price drop for bitcoin includes a pretty deep price drop. but even so this kind of strategy is actually quite effective, but you have to determine the right point to buy again so as not to get caught in the bull trap.

How do you manage that strategy, guys?
will you know if the price of bitcoin will suddenly go up or down.?
As the current market conditions are red, what do you do I want to try like you.

When the price of bitcoin falls as it is today, I still buy with prudence and then hold it for a long time and wait for the bitcoin price to rise before selling it. I am optimistic that after the bitcoin price correction as is currently happening, the bitcoin price will definitely rise again significantly. even I predict if the price of bitcoin will be bullish again early next year.

Right now everyone will definitely be patient waiting for the next trend, bitcoin is not doing well in the market, corrections occur almost all the time, indeed to this day bitcoin is still at its highest value, but I think next year bitcoin will experience a significant price increase, if we able to be patient for what to take a hasty step, doesn't everyone expect the maximum profit from every investment made, especially regarding bitcoin, which is the king of coins in crypto now.

Decisions on making yourself on these kind of scenarios would really vary on someones experience because each one of us does have their own strategy. No one could really able to predict on whats the price on upcoming years to come.

Managing yourself as long you  do able to survive these wild price swings in the market and this is what makes it hard to engage on this market.Even though its hard
but it could still be possible for you to handle it out.
Losses are inevitable but could be manageable if you do have the experience.

The best step we can do right now is to hold the bitcoins that we have and if we  have a there still is funds, of course now is our opportunity to buy and increase the number of bitcoins we have, the price decline that is happening right now is quite bad, but here it is we need patience in holding bitcoin, I don't think we need to panic right now because bitcoin strong fundamentals will certainly be able to trigger price increases in the future.

In the midst of the market experiencing a bearish phase as it is today, I use a buy the dip strategy by buying gradually when the bitcoin price drops. Hold and wait for the bitcoin price to show any signs of recovery. I am sure that next year the price of bitcoin will be bullish again.

A good strategy in investing in bitcoin, the bearish phase like now forces people to hold some of the existing bitcoins, so for new investments we are making purchases in stages, conditions at the end of this year bitcoin have been corrected many times, even bitcoin is stagnant in price like now, be patient in holding bitcoin, maybe next year bitcoin will experience a maximum price increase, do buyers hold on for now.

Everything will be depending on how you see the future for this investment. Currently, the market is trying to hold a slight correction that gives positive investors a chance to add more with their holdings. Patience and trust if you are into long-term investment, while for day trading, this kind of sway is also an opportunity to buy low and sell high.

Basic concept, but in need of deeper knowledge to position and execute your trading.

be careful and analyze never to stake an amount that you can't let go.

Nothing burden for all those long term holders who are already into multiple levels of profits after years of holding. I agree that market could break out at any direction after a sideways conditions still from the history what I have learned is, all sideways market will get us only sustaining bullish trend and never seen a lower side break out.

In my opinion market corrections are being created by whales for that exact purpose and if you notice, compared to retail investors, whales are benefiting the most out of dips and this this is why I am always positive about bounce back as no whales could hold the market down for long duration.

Of course I don't plan to sell bitcoin this year because the bitcoin price is still experiencing a big correction. Thinking about the increase or decrease in the price of bitcoin does not necessarily mean that someone has to sell bitcoins. But we also have to be able to analyze price movements as a reference for us in making decisions when it is the right time to buy and sell in order to make a profit.

If we look at the current Bitcoin price below $50k, which means Bitcoin is still in a bearish trend, not a good decision if we sell
the Bitcoins we have. Especially if we have learned from the history of previous Bitcoin price movements, Bitcoin can always recover
and its price can go even higher every time it experiences a decline in price. So no different from what is happening now, why sell Bitcoin
at the current price, which is where  the current Bitcoin price is still too low to sell the Bitcoin we have. We better be patient for now with
holding the Bitcoin we have, to at least wait for the Bitcoin price to recover and return to the ATH price. My suggestion is that we can buy
more Bitcoin if we have extra money. Because as I said before Bitcoin can definitely recover, so if we buy Bitcoin at the current price,
we can make a profit if the Bitcoin price recovers.

Looks like the year 2021 for BTC was a roller coaster ride whereas with there were major ups, there were so many downs too. But the year 2021 didn't end on a positive note for BTC as it didn't manage to get over $50k area. I believe we may see more downside in the near term as there is enough fear (I know markets go up when fear is high, still my inner sense says that it'll drop).

But seeing bitcoin price rises every year, i think its already a positive side on the part of bitcoin even if it does not reaches its new ATH before 2021 ends. And with this new year, i think there will be more surprises await for us so we should always prepare for its best and its worst as another roller coaster ride will be happening in the market. For me, as long as bitcoin never drops back below $30k, then i'll still remain calm and confident that it will soon to give us a very high price in the long run. I guess faith is what we need.

Some would really be skeptical on what would be the possible next movement which it isnt really surprising because this market had been speculative since from the beginning thats why we are really always being hindered
on making out actions due to this kind of behavior.For now lets do keep guessing and speculating basing on our own analysis that had been made.Yes, its hard but its not impossible on doing so thats why
the main thing you should have in mind is to sustain yourself despite of these unpredictable price movements because traders/investors would really be having that kind of beliefs
and preparedness in mind towards on dealing with the current movements of the market.

it's true bitcoin failed to reach $50k at the end of the year but I don't think this will affect bitcoin's record in 2021 because at the end of the year bitcoin price is not far from $50k. I think 2021 is a really great year for bitcoin because in 2021 the price of bitcoin rose very significantly and recovered very quickly, and this caused bitcoin to hit its highest price twice in one year.

Right, I agree with you. In conditions of a falling bitcoin price, the best thing that can be done right now is to hold bitcoin and wait for a reversal point to appear. I myself continue to buy bitcoin again with the remaining funds I have because I believe the price of bitcoin will rise soon.

right, the best move right now is hold because bitcoin hasn't fully entered the bear market yet. I think the recent drop in price is an indication that bitcoin is about to enter a bearish phase. when bitcoin really enters a bearish phase in my opinion the best step is to convert the assets we have into USDT and buy back after the bear market ends.

I am not buying bitcoin anymore because I already have a lot of it, well not a lot I have a tiny amount of course but the % bitcoin has in my portfolio is big enough. So, I am trying to buy stuff that has passive income this year, and I believe it is the same idea. In the end if you are going to increase the amount you own, these are the great months before the increase happens.

If you buy now and wait enough then I am sure that we are going to have a huge increase in the prices. We just need to wait for it to happen, going to take a while but it will definitely happen. This period we are in as of right now is usually called accumulation phase, it is the moment when everyone just holds and buys and waits.

Good for you since not all people would really be having that kind of accumulation of coins and we know that the more the better and i dont think if there would be some threshold in terms to that but well its something

depends on someone on how he would really be managing himself towards or with volatility and also those investment risk factor.Also, not all would really be financially capable on doing so.

As long you are benefiting or making out profits then this thing what matter the most on which you shouldnt really hurry up yourself because this is mainly the source of mistakes that you could possibly commit.

today the price of bitcoin is back down and currently the price of bitcoin is in the range of $43k, I think the decline this time is quite deep because the price of bitcoin is down more than 5%. this is the lowest bitcoin price since the last 2 months because since the last 2 months the bitcoin price has never dropped below $45k. so now is a very good time to buy because in the next few days there will definitely be a price recovery at least the price of bitcoin will return to the $45k range again.

Once again north american FED heavily impacted crypto market today with the announcement the increasements in interest rates in USA must happen earlier than expected. It means fixed income investments on the country are going to pay better with this new measure, what will attract lots of investors, including the ones who haven been investing in bitcoin so far. What means there is much money going out of crypto market...
I hope that with this movement, new investors have the opportunity to adopt bitcoin for a cheaper price, while helping the crypto currency to rise in value once more to 50,000$, making this its support level.

That last statement is right, rushing things around this industry will only lead you losing your investment, it's more appropriate to deal with research and understanding, once you already understand the full concept then you can manage to dictate if how much investment to take and hold long you are willing to hold and wait.

More on personal call when you are inside this market, the matter here is to earn a decent amount and not to lose your invested money. ::) ;)

if it is true that the events of last year (2021) are the same as now, then it is certain that bitcoin will increase again. but will this time be the same as the year Kamarin? or will it experience a deeper correction and even drop below $40K?.

everything can happen and it is difficult to analyze correctly because at this time bitcoin is trying not to continue to be corrected more deeply. but if you remember that bitcoin analysis that will be able to reach $100K hasn't happened yet, isn't this the time for proof of that!! we will wait for every bitcoin movement patiently at least for some time there is no bad news that will make bitcoin go down.

I hope what you say that this year will be promising is very much awaited, because it is true that there will not always be corrections, there will be times for improvements, is this the time? we are patiently waiting for it to be realized well.

That no one knows if 2022 bitcoin is more than 2021 I guess we are just guessing in analysis only and not necessarily get the right one for this year but expectations are certainly optimistic for me and have been holding back for a long time but I'm not that ambitious to dig ATH for the umpteenth time.
Bitcoin will experience a correction and this we can determine whether to buy or wait, usually people will see several indicators that cause the situation to continue.

I can't manage with bitcoin price because I am not whales can make bitcoin suddenly pump and dump, I just watcher only and get chance with bad moment when bitcoin dump to buy back and waiting whales make good news to sell. Never care with how most potential bitcoin price at the future because my confidence always try selling coin when get chance with profit, maybe many trader and investor heard motivation holder is winner but when price dump looks panic for selling  :D :D

I guess that's not the literal question that OP is bringing but it's about how you handle yourself with the current price of bitcoin. It's not about being a whale or a small fish.

I'm sure that everyone cares about the price of bitcoin not only today but also in the future. We're on it for the profit and that's why we all care for it. And when the price dumps, the excitement is becoming lesser because you'll see people are disappointed with it.

But for the long term holders, there's not that much to do but to keep calm and holding.

In short, you should really make yourself able to sustain into this market no matter what because we know that it couldnt really be that possible for you to make constant profits in a very long time.

Bitcoins price is way too volatile and cant really be handled out easily even if we do say that you are really that good and veteran on this market.Volatility would always be affecting you no matter what.

Manage yourself on being profitable and that what matter the most but this wont be an easy ride for you to take on.

Right now we are in orbit of the 50DMA or daily moving average.  The reasons arent just the standard momentum of this measure but also its been the closing weekly price on a number of occasions.
   A moving average isnt real resistance but we can certainly touch this point of common interest and retract some in the fairly short term of sub week timed bars.   Iam bullish now we are now operating outside of the regular downtrend pattern of descending high prices each week since the ATH.
https://talkimg.com/images/2023/06/12/AkMF8.png 
We just need to close in this rough area which I do believe we will, later we get profit taking and other tests of weakness.  This 43k area we approach with some comprehension of a ceiling is merely the bottom pricing that occured in September.  To be truly bullish on a wider time frame we need to climb above this and maintain it as a low we can rely on, this is the battle forthcoming.

Of course when the condition of bitcoin which experienced a very deep price decline from its ATH, forced us to stay afloat. I'm sure the bull run phase is back now and people who are patient in holding bitcoin for now will achieve maximum profits in the future.

This is only applicable for Bitcoin and other top altcoins but not all coins in the market which means changes would really be varying on projects potential and of course this
market is really something that cant be predicted and managing yourself to sustain doesnt matter if you do focus on Bitcoin or altcoins because what matter most is on
how to sustain yourself and make profitable neither in short term or long term.

Right. should be for long-term investors, they can take advantage of the momentum of the bitcoin price correction to buy bitcoin at a cheaper price. Instead of complaining about the correction.

The period investor should buy should also be determined, not that investor will just buy at anytime, see someone that took it to Reddit about how he invested at $68000 or $69000, I do not know the price exactly but he felt so bad because the price was above $60000. That was the time some people were saying the price will fall back soon, this can be very depressing if it happens to anyone. But I hope he did not sell in loss, he will surely still gain if he can be patient, the price of bitcoin will reach that price again. Like you have said, investors should focus most on long term not short term.

And since you mentioned halving, halving is now close and btc could jump again during that or after that event. We can buy now and leave the online world and then comeback only on that date's not only it can give our mind a break, it can also give us a better income than on what we get when we are rushing and aiming for short term gains.

@Wexnident it is possible for btc to down even if it did not reach its peak yet and it actually happened. The moment we think its only a small dip but we did not know that this small dip adds up and then a big dip is created eventually but everything is in control as long as you know how to manage your bitcoins.

I'm sure many bought bitcoin at the last ATH price, don't sell it now because they will definitely lose, the best thing to do at this point is to buy Bitcoin or hodl because the potential for Bitcoin to make new ATH in 2022 is quite large, for sure the number of countries that recognize Bitcoin will increase again this year, it will pump up the price.

but after more than 2 weeks? yet nothing comes positive mate instead the price maintain its 39-43k range and no sign of climbing at least 50k , the DMA stays in this position whole february.

I will not expect any good movement this whole month , but lest see when 2nd quarter starts.

I'm not expecting much movement for the next few weeks, or even months, either. It's been balancing between $40,000 to $42,000, after recovering from the $35,000 dump, a few weeks ago. From my point of view, it will take quite a long time to see some positive movement. It's astonishing how much it has lost in value though, I now have more Bitcoin than I had a few months ago, but it's worth a lot less than it was in November.

It will take time and by that, traders needs to add patience and courage if aiming for decent benefits.


It went to $39K today, we really can't tell if this will be another hot trend seing a huge dumped, better to go deeper when
analyzing the market movement, wait for some good sign and not to quickly judge your position.



Best thing for this is to keep holding if you are still at loss, keep adding if you still have good spare of money  ;) ::)

We cannot predict Bitcoin price it is very volatile and we will surely lose if we are going to put all our money on it, we need to invest in some good altcoins not only in bitcoins and we also need to invest a minimal amount the golden rule is that only invest an amount that you can afford to lose.

and that is what we called Diversification mate , when we are investing in main currency like bitcoin but also spreading other funds in altcoins like what we do mostly.

Now i have 8 coins all in all (Including bitcoin) so i will stay on that margin since the market is now dumping badly .

for me also an assurance mate , having coins in different forms lol.

Bitcoin holding and altcoin at the same time will be our best weapon to keep safe our funds in this very volatile market so why not engage in many coins than single currency .

it is not being whale that can make us managing bitcoin because the moment we can keep our holding is already a show of managing your bitcoin for the market.