Bitcoin Forum

Someone wrote this on Twitter, how true is it?

The executive order is coming this week actually, and to answer your question, nobody knows for sure.

But if the regulations are not as harsh as people are expecting them to be, we might even see the price going up.

What was the regulation though, if it's something big that's going to affect the economy or the market then we will probably see a crash in the prices hopefully I get to save up some money in the case that the prices are really going to go down, I don't want to miss out when crashes in bitcoin market happens.

I know this is the Speculation section hence it's fine to speculate, but if you want to make it in this industry you shouldn't just listen to randos on Twitter, Reddit, or even Bitcointalk. Go read what Biden's regulation actually is, and make your decision.

Investing in cryptocurrencies has taught me one important lesson over the past few years, and that is to remain calm. There are many things which move up and down with swift and violent speed, but the crypto market is one which is like a speed bump. You can choose to slow down or slam on the brakes, but your time is better spent taking the long way around and following the path which leads to the destination you really want. Don't sell in a panic when everything goes down and don't buy in euphoria when everything goes up.

Who’s the guy?  You have to question the tweet cos he thinks regulation will knock it out, so meaning it’s not getting back up for a little while.  If that’s the case, what’s he saying?  When is he buying..?

From what I’m seeing, I think crypto will happen like how the online poker industry was basically killed in the US which was highly unregulated before the UIGEA.  After UIGEA the big sites stopped accepting US based players and could only operate in states where online poker is legal.  I mean it’s still around but it isn’t the same.  Players in the US can’t play vs players from outside the US.  I don’t even think they could play vs players outside the state they’re in.  Lol.  But as far as crypto goes, it’s gonna be the exchanges that’s going to be the likely targets and they’ll take a big hit.

We've seen a lot of this exaggeration of intimidation over the past years, but what happened? Bitcoin continued to rise and rise until it reached the highest ATH ever!!!
So you do not have to pay much attention to such fears. You have to be more confident in Bitcoin and that whenever the price of Bitcoin drops, this is a new opportunity to buy and store, who have accompanied Bitcoin since its birth until now they know what I am talking about, so my advice to you if you have some Bitcoin you have to HOLD it and if you have Some dollar buy more bitcoin on each drop.

It's your money, and it's up to you whether to invest it or not. Even though we have been subject to regulations up to this point, but nothing has led to Bitcoin becoming a big market. Bitcoin took a dip, but eventually made its way back into the spotlight. It is common to see random tweets being used to speculate. In most cases, they try to drive the community into their side to gain advantage from the market.

Indeed, this order will be quite difficult to predict, even though its impact will have a huge impact on both stocks and cryptocurrencies. The price range is also quite worrying if March is always identified with the red market. If you refer to March 2020, it actually went up so fast. I am quite skeptical about the ups and downs of the Bitcoin market for this year. And still looking for news about the turbulent situation of speculators who think that the bull or bear market must be properly anticipated. So because so far it's still gray, there's nothing wrong if you want to buy entries, try to do a very careful market analysis.
https://i.ibb.co/02KQDxc/image.png

Just because somebody wrote it on Twitter or any social media platform, you should believe it. But it's a speculation that nobody knows for sure what's in it to happen. But basically, when times like this comes and everyone is likely waiting for the recovery or kind of bored because of the motion of the market. They're looking for something which makes it slow on its move and like that tweet says, that can be a factor this week or by next week. Still, ends up no one knows what it will do to the market.

Only today Bitcoin price crashed 3 times. Well, it has also recovered pretty good every time too.
So how big is the crash you guys speculate it could be happening? 30k? 20k? 50%? Lower? Or proper bear market maybe?

However, that "after that, I'll buy" part make me not believing at all the person tweeting it. It sounds like somebody that keeps looking (forever) for the best moment to buy. If bear market start, he will again not buy because it'll fall more; if it will not actually crash significantly in those 2 weeks, then he will wait for a better opportunity again? Really? No. If one wants to buy, he probably does DCA. Just look at MicroStrategy.

Nobody really knows, although the price is is experiencing another downside on the last couple o days. I saw it went as low as $37k, but now recovering to $38k.

And if it the news has negative effect on the market so be it, we've seen bitcoin crashes before, but it's not the end of the world. Bitcoin is so resilient that it has the capacity to bounce back, (and thanks to it's speculators and traders and investors).

I guess you will find the investors of the user for making this kind of tweet. He wanted to sow FUD to the crypto market investors.

It's because he wanted to buy cheap bitcoins or maybe even stocks. We have the looming war and then the regulation so that is enough to really see the price going down in the next couple of weeks. So we will see what will be the lowest low again.

The price has being going down during the last days, however I need to be direct with you, it is important to not let yourself be influenced by the comments that you read in social media.

You need to be able to look at the markets and form your own conclusions, and if this is something you cannot do at the moment then you are not ready to put real money in the markets, otherwise then you are going to get confused by all the conflicting opinions that you will read online, could the price crash in March? Maybe, but if you plan to be here for the long term then such a thing is not bad at all and instead you should think of it as an opportunity.

And if that happens, many are waiting to get a hold of bitcoin.
So for me, there's nothing to be worried about. How many times have we read negative news?
And yet, bitcoin bounces back again and again. This is not the end of the world as you said.
There were many negative news before like China banning crypto miners (I consider it significant because the percentage of miners in China was big),
but we have seen, the effect is just temporary. It didn't wipe out the existence of bitcoin.
So crash or not, it is your own strategy on how to take advantage the market at that point.

Normally when you read about stuff like this on the news. It’s meant to shake out most people and sell at a loss. Same with all this talk about a war. Creates lots of tension and people get nervous and sell.

However if you look at past wars and conflicts, usually the start of the war was the bottom of the dip in the stock markets. Generally, it doesn’t make sense but wars are bullish for stocks. And will be for crypto.

So don’t take those comments too seriously.

Looking at the market movement now? the prices starts to drops small by small, from 39k yesterday , now bitcoin stand at 36k and continues to drop.
this is a bad sign that the market is experiencing dumping and maybe crash will soon to come, but at least not as bad like what 2020 brings us?

but of course this is not certain mate, it may damage the reputation of bitcoin or will make it grow more in the following days.

If this is the reason why the market  is experiencing this now?  https://coinmarketcap.com/currencies/bitcoin/  the market starts to show bad downtrend and from staying to 40k level now again in 36k and still signs of dumping .

what are you talking? OP is asking about the President Joe Biden's regulation and not your BS speculative post .

US President Joe Biden is expected to issue an executive order next week directing agencies across governments to study central bank cryptocurrencies and digital currencies (CBDCs).
It is hoped that the executive order will produce a strategy for the US government to regulate digital assets and cryptocurrencies.

So obviously it's true that the decision is there and it's just a matter of time and what action to take, but it is alleged that this action has created a rift between the White House and the Treasury over crypto regulations. Of course we will also wait for the latest news.

Since I'm not selling even at new ATH, I say, what the hell, let's go for it. A nice crash by end of the month, and stock market panic, a new crypto winter, it all works out for any of us who've ever said: "I wish I had X amount of BTC more".

Because while it isn't on the horizon yet, next halving's coming up. And the pricing in for that will begin end of this year, as usual, and then the next rally will ensue in a year or two.

(My alternative scenario if current one doesn't work out anyway)

The best way to go about this speculation happening on social media is not to listen to anyone. Listening to or following tweets cause anxiety and FOMO. People should go ahead to speculate what they feel about the crypto market, it's a free world but none of them would get it right what will happen next towards bitcoin price. Bitcoin is long term investment, majority are still holdling on to it whether it falls or skyrocketed

Negative news can always give an impact in the market mate, so expect bitcoin will crash more within 2 weeks because of that reason..

Infact the market percentage of bitcoin nowadays is still really bad which is down by 15%. Its surely can cause panic selling wherein despite of the current situation of the market.

10-15% a day price swing is just a typical or ordinary day here on crypto but there are people or investors would easily freak out when seeing these kind of declines which it isn't surprising.

Neither on next minute or next day or next week.It doesn't matter because the market could move out randomly which it is always been hard to make out some precise speculation
in regards on positioning yourself in the market. Crash could happen specially if there are some Fuds and other sentiments or news that happens in the market.
So you should be that aware.

The price swing is common, but whenever there is some sort of decline in the market it'll be related with the incidents happening around. This perfectly fits for the World market, but with cryptomarket this isn't the reality. Now the war between Ukraine and Russia is termed to be the reason for the market decline. We can't be specific about it, but there'll be small impact and this can also be a manipulation from the whales. The market is predicted to reach down to $30k, we can get the real conclusion by this weekend price.

Well, for instances, not all happening in the market has an incident since somehow I've seen a pump in recent week yet there's no news about it – it's just a pump that has nothing to do with the people. I think it's the whale who does that thing making a pump to create a bull trap then dump a after a week just like what happens today.

We shouldn't believe what we see on social media since almost everywhere you can find a lot of misinformation and fake news flying around. Use your common sense when judging.

Biden is just one country and the point of BTC is to not rely on just one county, or government as most of the world now is centralized and politicized also.   The worth to BTC might be to have an economy distinct and resilient outside of politics and domination of government fiscal budgets.   If we dont have that we are weaker as people generally.
   He might bring laws especially taxes as government always will but this wont alter the protocol itself.  So a pullback but not an entirely unexpected long term event, we are already challenged by soviet mantra why not others too, I dont doubt it happens eventually if not now.

For investors who are experienced in the crypto world will be calm to see the price of Bitcoin drop 10%-15%, and will not panic selling the Bitcoins
they have. Because Bitcoin is used to fall by 10%-15%, and usually not long after it will rise again. So it's normal for Bitcoin price to be volatile,
as long as we can be patient and keep holding the Bitcoins we have, everything will be fine. The problem is that many newbies are immediately
surprised by the decline, finally they are afraid of Bitcoin falling deeper and choose to do a cutloss. So with the FUD there is a possibility of
Bitcoin crashing, but FUD has often happened before, I don't think it's anything to worry about if the Bitcoin price falls. Bitcoin price decline will only
be temporary, if we are smart we holding our Bitcoin and we will only sell it until the target price we want is achieved.

This is correct, while in a way it is natural that the price of bitcoin went down when the war finally became a reality, at the same time it is nowhere near as catastrophic as the media makes it out to be, a crisis always brings opportunity, so even if the price of bitcoin went down dramatically at that time it has also recovered, which means that if you bought near the bottom of the crash then you will have been obtaining huge profits already.

With this in mind people need to be very careful about listening to the opinion of others and this is even more true when it comes to social media, which is full of misinformation and people trying to influence you to try to get to your coins.

True, however Biden's executive order was overshadowed by the war in Russia.

So we may never know if they are going to push this one because there's so much in the table right now that they are scrambling either to help Ukraine by issues a sanctions on Russia and or really going out again with NATO and go on war. So this will be step aside for sure and may not be tackle unless everything settles down.

If the Bitcoin price drops, it will not be due to Biden's decisions, but to what is happening in Ukraine. All cryptocurrency supportes and investors are hoping that Russia's cut off from the SWIFT system will suddenly cause a lot of people to start using cryptocurrencies and drive up prices. We know from history that this does not happen in the case of military conflicts in one country, even as large as Ukraine or Russia. In my opinion, this war will have a negative effect on the cryptocurrency market and it is because of it that the price of Bitcoin will fall, and not due to Biden's decisions.

I also don't think that the trigger is Russia or Ukraine here. Try also to look at the good sides of Bitcoin or other cryptocurrencies now, if you saw that the Ukraine government started to accept donations via Bitcoin/Ethereum and other cryptocurrencies.
We all know that Bitcoin is decentralized and doesn't just rely on these countries, especially the United States of America.

I don't think so? In the first place isn't it kind of wrong to connect crypto to the state of the market, and even if we did we'd probably see only short-term effects due to FUD, plus isn't the US rather pro in crypto? Though it is heavily regulated, they have Bitcoin ATM's, exchanges etc. Plus, it's a single country, even if we do consider it's the US, it's still only one country.

And well, not to mention that "someone" saying it doesn't make it that credible. Let alone it being from Twitter (or any other social media tbh). Honestly, I'd ask OP to just stay away from there if you want to know what's going to happen, go read up on your own.

you already had the 1st week as we crossed the day today , then all we need to do is wait again for the next week and if this not happened then Unfollow that twitter account because that is a FUD spreader and not worth to believe.

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But in my point? nope bitcoin will never experience and Crash just because there is a tension of war in some countries .

No it will never in this month or the next, there will be movement of upwards and downwards but Crashing? impossible to happen lol.

Not unless this will be the WOrldward III scenario that the world will respond then yeah the crash may happen .

Meanwhile, bitcoin is already dropped again this day and has reached $37k. But hopefully, the crash is not happening this week or next week. I am curious how deep the price will get down if that happens. Will the price drop below $35k or even under $30k? It's all still a mystery and no one will ever know. The important thing is that we can prepare ourselves and of course, some money to buy at low prices. But I will be okay if the price is not going down to $35k but up and down from $35k-$39k because that means we can make a profit from the situation.

Simply unfollowing it is not enough but it deserves a report and a block too because he is spreading fake news there, only to scare the people. At the beginning of the war, the price had declined but that's only small. I don't have an update if what is the status of the war now but btc has already recovered.

Will that mean that the war is over? hhmm.. and if the stocks market is going to crash, why will btc crash too when both of them are not the same? But, there is a chance that btc will rise if stocks markets are crashing. The crash is not avoidable and if ever it happens, we can just appreciate it by buying but for now, we can now sell some since price is now getting better.

Dont make yourself easily get fooled nor able to believe on what predictions you are seeing from anywhere because those wouldnt really assure out that it would happen.All of us does have their own predictions but no

one does have that kind of ability on seeing on what would be the future thats why you should really be that careful on listening up something and its better to make your own analysis and guesses towards your

investment specially with Bitcoin. Could it crash on next 2 weeks? No one really knows because this market does move unpredictably.

Everybody can wrote in Twitter. Twitter is not a platform that asks for any rational explanation every time a tweet is being made. So a tweet from someone doesn't mean anything. You and I can make whatever kind of tweet we want. We could say the price of Bitcoin is going to explode to $100,000 in March. We could also post that the price of Bitcoin would fall down to $1,000 next week. That's what social media is all about. Everybody is posting their opinion. For me, the price of Bitcoin is probably going straight to $50,000 weeks from now. I'll also tweet this. ;D

Whoever made that tweet may be in the wrong time and date or perhaps it was mistaken for something else and not Bitcoin.
To save the value of the money they own they would buy anything that could keep it's market steady or better increase and Bitcoin is one of that where many people will keep on purchasing it as an escape route.
There's lot of rumors and speculation in social media, you better follow the right ones although not perfectly accurate.

The tweet seems one of manipulation antics which made by certain people and we can assure that he's not totally sure regarding on what he is saying since maybe he's just basing that towards the incident happening on the world or negatively think about what he said. Maybe we should believe if the regulation or anything huge news will happen and we can see the effect after that since if the price dump then its good to take action and buy it for future holding.

Kind of a useless thing to tell most people on crypto social media though  ;D

Everybody follows somebody and most people actually believe the people they follow. I remember many influencers talking about 31 December 2021 and they took down their Tweets when nothing happened then!

I even prefer people just continue to follow and get ruined. It makes the market better for the rest of us in the longterm!

Nobody forces us to trust anyone to invest in crypto and we have to be good decision makers for our own money. There is always a risk involved and we really have to take that into account while volatility is something that is common in free markets like cryptocurrencies.

People can say whatever they want while we just have to follow our own guidelines in making decisions. The author of the tweet above just wants to persuade people to sell which will bring the price down and he wants to buy it at a low price. This is a part of market manipulation where FUD spreaders expect to take advantage of panicked traders and investors. Meanwhile, if the regulation is going to be very influential then the decline should not be a reason to say bitcoin will crash and will not recover after that.

Some tweets on Twitter can't be ignored and some are just to cause FUD but it is the source that will determine if the information is to take into consideration or trashed because there are some people that know this type of information before the masses.
Having said that, we don't know if the regulation will take a negative effect on the crypto market since the institution is the major investor in this current market and if it happens that it takes a negative effect on the market the best thing to accumulate more coin as you advise.

The most important thing you can remember about trading and investing is that any predictions made by others are not financial advice because there is no guarantee that the predictions are 100% correct. You have to follow your own interpretation to trade regardless you can also compare the results with what others are doing. Influencers are not responsible for your gains and losses so they shouldn't be 100% trustworthy for most things.

There will be good hope for bitcoin regardless of whether regulation will affect its price for some time. I don't know what bitcoin will experience in the future if western regulations make its adoption more difficult. We may always be overshadowed by misinformation that raises doubts, but in reality bitcoin is a profitable investment asset even when its price fluctuates.

Yeah, so it's up to us to filter those tweets and just follow relevant news around. And if we see FUD then we should ignore it and just laugh it off because we know that it is not true and we know the motives behind those tweet.

Regardless though, bitcoin and crypto will not crash, on the contrary, it's just beginning to take off again because new investors are seeing the potential of crypto, to hedge your wealth in case of a war and travel with it without no one noticing that you have your money by your side.

Not only tweets are by nature incredibly short, which means that it is impossible to give a well thought argument about why do you think the price will take one direction or the other in such a short amount of space.

So people need to stop giving attention to those influencers, because as the word implies they are trying to influence your decisions to their benefit, and when it comes to my investments there is only one person I am interested in benefiting, and that is myself.

None know about the market for sure. But, what happened over the start of the month is the result of increased usage and more inflow of funds. Slowly things could change and now thats what happening with the market.

The global market doesn't make a big change over the market, but there'll be some impact as things are tied indirectly. As a result we've been experiencing slight change downwards and isn't very steep, it is taking place gradually.

After the beginning of March the price of Bitcoin rose to the price of $44k, many people are optimistic that the price of Bitcoin will continue  to rise
to reach the price of $50k. But the reality is beyond our expectations, which is now the Bitcoin price is slowly starting to fall in price. Even now
the price of Bitcoin has fallen back below the price of $40k again, this is indeed the crypto market, price movements are very volatile. It is very difficult
to predict Bitcoin price movements, so no one will be able to say for sure where the market will move. Most importantly, we should not be easily
influenced by the circulating FUD, which is sometimes spread by whales to make the market fall. so that whales can collect bitcoins at low prices.
When we decide to invest in Bitcoin, we really have to be patient and don't sell our Bitcoins at low prices. Because we don't need to panic when Bitcoin
price crashes, it's only for a while, usually it won't be long before the Bitcoin price will recover.

^ I strongly say, it is unpredictable and no one really knows what will happen to the price but for now, as we can see BTC price was down and I think that belongs to the normal correction nothing else. Give me 5 concrete reasons that will make BTC price down too much by the next 2 weeks, because as for me, I did not see any reason and in fact, I smell that BTC will plunge to the by next week since many countries now using this including Russia and Ukraine which other using it to donate fund to Ukraine anonymously.

Indeed since even by today no one expect that it will drop like this and for sure in trading many got liquidated again for sudden movement of the market. Maybe people are just worried about the war which is used for fuds right now and if this continue maybe this will affect the mindset of people and think about the worse case scenario since it can possibly create more crisis in the world.

No surprise that people would connect out war situation or event on the time that the market is declining as of this moment which is really a very common type of behavior.
We  havent anticipated for this drop to happen but with the percentage that we are looking then this is something a very usual or common decrease on a normal day here
on crypto which we couldnt tell if the war is the actual reason or just simply some sell-off day into those who had been tending to secure out their profits.

You've got to add more reason why the regulation is going to affect the market that's going to crash it down because I think we're making a generalized or black and white result to what's going to happen to bitcoin when there's too little information, not to mention that they're also mentioning stock market crashing which is going to equate to the bitcoin prices crashing but then stock market and crypto market aren't the same.

Fundamentals are one of the factors that really help you figure out how bitcoin behaves. So far China's ban on bitcoin and everything related to it has affected its price for a few months (probably), but it doesn't last very long as ATH is hit and recorded in November 2021.

I hope you never fully believe that the war between Russia and Ukraine has brought down bitcoin. It is natural to panic for some time after Russia announced the invasion but you have to be aware that there was manipulation at the time. See what happens after that, bitcoin can go up to $45K right? But its price volatility has seen it drop to $39K at the momment.

Shall i will call it speculation because speculation is democratic system of analysing your wish of values of cryptocurrency, actually you are right, because the tweet is wrong from my perspective or aspect of view, we normally get negative news from Twitter about bitcoin speculation, but it's better for you to skip such information and follow your research about bitcoin if i wish I'm op, 

That's just speculation, which coincides with what Biden will say later. It is possible that there will be price action when it happens. I think it is better to wait and observe what is conveyed and decide whether to make a purchase or not.

Regardless of what Biden is going to say against bitcoin and crypto in general, I don't think it will have a long lasting effect to the point that we will see a total dump in the market.

We've seen lowest low, maybe just in the lows $30k, but after that we will soon see a bounce back. I'm looking at the history of bitcoin, and everything there is this attack, it shows resiliency and a remarkable come back.

Is this the crash that you are referring ? https://coinmarketcap.com/currencies/bitcoin/ because since yesterday or at least the day after Bitcoin price starts to fall down and now from 42k stays at 38k and still lowering.
your post sounds like happening now?
that is 2 weeks duration from your post here and Yes the price is dumping but still not crashing lol.

The way BTC is dangling in the dump region since this year has continued to prove my conviction that Bitcoin will remain bearish in the first quarters in 2022 right. We're in March and that's the last month in the first quarters. As far as March is concerned, we are still likely to remain in the bear. Perhaps things will begin to look up well in the second quarters. I can't wait to see the market become lively once again and the "prophets" stepping in to make predictions of where price should get to. I hope this time we won't see a $300k ATH forecast.

Whatever trader calls it the scenario is the same since we can see the price drops after those incident in Ukraine hit up and if there's major or big news happening which can lead to destructive scenario well most provably we can see the price of bitcoin dumping knowing fud creators will always use this as a weapon for them to see the price of bitcoin buyable for them.

War could cause it to go up, war could cause it to go down. There is really nothing in the crypto world that cannot be seen from two different sides. Some people thought it would go down, because it is war and there are people and economies dying, so they sold and the price did went lower at first. Then it went up because there were sanctions and there were a lot of wealthy Russians buying thousands in bitcoin all at once, and that caused it to go up.

So, you could never approach crypto like it is something that you just casually do and predict, anything that happens in the world could have a different reaction and have multiple approaches by millions of users.

As no one can exactly predict what will happen in this market, just observe the trend and it is upon on your instincts how you will react on this market. It depends on your experience and skills. But when the OP created this thread, btc is around 38-39k price range, and now, after more than couple of weeks, we are still in this range. So btc has not crashed at that reference. Though in between this period, we suffer a dip of below 34k. If someone bought in that dip, he's already gaining by now. What this scenario tell, is that anyone can make a prediction, but it is all on you how you will act to take advantage of the market.

Its not yet threatening greater negative action, over the last couple months its had rally attempts which have not taken but also we have a series of rising lows which means BTC is underlying positive not negative despite the repeated rally and sell price action.
  I think it will try to trade past the 50 day average again or attempt to before any failure condition is seen.  Right now pricing is trading just past the 2 day (https://talkimg.com/images/2023/06/12/A3VBZ.png) average, it appears positive momentum could reappear if that process continues to build.  Hopefully you can also see why I view BTC as going sideways in a range.

Yeah it could go up if people will look at it as safe heaven for their struggling physical assets but unfortunately that's not happening now. Maybe other are buying gold to protect their wealth and bitcoin for now is not their primary option that's why we see the price dump when the war start to happen.

Maybe in future we can see this to happen especially at the moment bitcoin is been recognized little by little and the only need by bitcoin to achieve this is huge trust level gotten from more institutional investors.

It turns out that all the speculations have gone wrong. Even the FUD has no effect on the market and much more about from Biden. People have been considerate in the situation and are really hard to manipulate. These crypto holders will still hold no matter if a leader from an influential country will ban Bitcoin. And just like you, I didn't expect dumps, instead of recovery.

Not this time, and even $100k is in talks by many as they are thinking more on the negative views than a positive ones.

Ignoring the news angle, since start of FEB we have ascended slightly not in the highest prices which continually reset but the lows have improved since that time.   On balance BTC has been in a sideways range for over a month , it cant especially be called as negative trending as we have not maintained downwards especially though we have also failed to move upwards also.

https://talkimg.com/images/2023/06/12/A3J3f.png

It is happening at least a bit. I mean I will agree with you that it is not happening all the time, but it is happening a bit. There are people out there who think that bitcoin is a safe haven for their value. I am one of those people and I have met with a ton of people like that as well. It is not like some secret deal and I have to say that it is certainly something that I would suggest plenty people do.

There are others as well, there are people who come here to get rich quick, there are people who come here to scam others and there are millions other reasons why people are in crypto, and there are still at least 70% of people in the world who are not in the crypto world as well. But, it doesn't mean that people like me do not exist, we are here, we are minority but here.

That up and down and up and down keeps worrying people. I mean if it was only down, people would call it a bear market and move on, the ones that want to buy at cheap prices would, and the ones that want to sell because they are in panic mode would. However, it is neither in bull nor bear market right now. We see that we go over 40k plenty of times, just 3 times on your chart, and we saw it go under 40k many times as well, 2 times on your chart, and once right now so three times for that as well.

When things are that complicated, and the direction is not known, people end up scared even more. Scared may not be the right word for it, but everyone is definitely confused, that much is known.

Ranging market or moving sideways is the hardest part for you to really handle out on such market condition whenever you do tend to make some selling or buying decision in a short span of time.

As i had observed that most of the time price plummets on mid-week upto weekends and starts to rise up in monday onwards.This is just my observation and not really talking
about patterns.Now the price is holding up well above 38k which had been re-tested a week back but havent really able to crash out. Now, its hard to tell whether
on how long we've been staying on this range.

True. It won't last long, I assume if the set regulations can't prevent or even accelerate the long term growth of the value of Bitcoin and cryptocurrencies.

If there is price action and the price drops, I'm sure there will be investors who will enter. Market Crash, is an opportunity for investors when retailers panic to sell.

Some people are trying to disregard the effects of the war at Ukraine and are trying to say that the correction we saw at the time was not caused by it, but that is a mistake.

All the markets around the world were going down that day, and while we think of bitcoin as an asset that runs contrary to fiat interests, the truth is that since institutional investors have come to this market the behavior of bitcoin has changed and now it seems to present a higher correlation to the way the stock market moves, something that should not be surprising at all when we take into account that institutional investors now sell some of their holdings in order to offset some of the losses they have suffered at the stock markets, bringing down this market as well.

Biden regulation will of course greatly affect the global market, but I would never believe that bitcoin will be destroyed just because of what he did, indeed the price of bitcoin continues to decline in the market and actually it is a natural thing if the market continues to be hit by negative sentiments like what happened right now, but to destroy bitcoin it seems that biden has no power over it.
So of course we don't need to be afraid or panic about what is being rumored, because as long as many people in the world believe and continue to make bitcoin transactions, of course bitcoin will continue to grow all the time.

Biden could definitely cause the price to go down. He doesn't have the power to make it go away, nobody has that power, not even Satoshi has that power, satoshi could come up together and say that his bitcoin idea was bad and should be stopped and it is a shitty one, and people will ignore even him after a while.

What these type of things cause is just drop the price for a while, have a bear market, and then eventually but slowly go up once again. That is why these are all "short term bad news" and nothing more, you need to end up getting better at realizing that the long term trajectory of bitcoin is always up, no matter who does whatever.

The increased usage isn't the only reason imo for what happened in the market over the current month. One of the biggest change will occur by tomorrow if the European parliament will vote for banning mining activities for both bitcoin and ethereum. The news was published yesterday and the crypto community should be aware of this :
https://www.bloomberg.com/news/articles/2022-03-12/eu-near-vote-on-new-regulatory-framework-for-cryptocurrencies
https://www.ledger.com/blog-stand-for-financial-freedom-our-position-on-micas-proof-of-work-ban
 
The bitcoin market since its start is well known by its change and that it's always not that easy to explain the change if nothing big has happened right before that change.

Presidents, personalities, and influencers will come and go but Bitcoin and Cryptocurrency will continue to exist and evolve there's no stopping its progress and adoption we have passed uncertainties after more than a decade and so many predictions about Bitcoin's demise I don't think people will pay anymore attention whoever talk negative about Bitcoin, so Biden cannot make  Cryptocurrency to go away, he will be out in the presidency and Bitcoin will still be here.

Why is that a major issue? If they are banning only mining then impact should be minimal. Due to high electricity prices EU is not a popular place for mining (individual miners would probably keep mining illegaly). Therefore, we shouldn't expect a significant hashrate loses.
However, the issue is there are no positive news on the crypto market and in such moment even minor events can cause loses.

From what i read recently, the Eurpean parlement aims to change the mining algorithm from POW to POS due to electricity high consumption and honesstly this is so ironic if the biggest parliament in the modern world doesn't know that it's impossible to change that algorithm by a political decision. However, the hashrate in all the union countries isn't that significant. fortunately, the law was refused after the majority of countries voted against it, and this what should explain the Bitcoin market recovery during the next days.

The positivity of crypto is also in the opposite direction with US technology stocks which have corrected again as investors await the Fed's decision on interest rates, but behind that, holders will remain optimistic even though Biden is not supported as a government apparatus and hopefully tougher regulations don't happen. because it will affect the fundamentals of bitcoin to go green

Right now BTC has a good trend up but if it broke that then be cautious.  Personally Im bullish, I'll try to outline that in a picture but we need to overcome the prior range to really be more positive or we are most likely to simply repeat the boundaries of that range:
https://talkimg.com/images/2023/06/12/A3NXz.png

^ If we broke, $42k-$43k then we could be bullish.

But as of now, it seems that volume is not that high, perhaps its weekend and traders taking a rest. Nevertheless, it's good to see the price is going above $40k and hopefully it can maintain it that way because I'm feeling nervous when we are about to enter the 3rd or 4th week of this month which usually the price goes down again.

That will be the turning point of bitcoin and might we will see it break the $45k level and create a momentum since this could give a good hype to the people who's looking at bitcoin when its showing a bullish trend. But for now lets monitor if there's no big news which can disturb bitcoins growth especially on Ukrain and Russia issue  we might saw bitcoin may pump again.

I don't think this news will have much effect on the price of Bitcoin. Because there is a strong support level. I am optimistic that prices will start to rise in the next few weeks.

We have seen a recovery during this week in the price of bitcoin but it has been difficult for bitcoin to remain above the 42k level and right now it is experiencing a small drop in its price, the truth is that neither a pump or a crash seem likely at the moment and the most likely scenario by far is that the price of bitcoin keeps ranging for a very long time, as there is simply not enough strength for the bulls to produce a bull market even if we could surpass the 42k level.

1 month had passed and yet? I don't think there will ever be a crash happening in effect of Biden's regulation because if this will really take effect then this must be in the early time. and now month after? lol I am not buying this one.

What I am seeking is the effect if the US will take part in the Ukraine -Russia war because for sure the market will dump  so much.


even if there is no rise but at least maintaining this level of value is one great opportunity for people to keep holding and using bitcoin .

The price increased already this week as you can see in market that Bitcoin has 5% increase in the last 7days meaning there are really a good support happening these days.the only problem is that if we will listen to the FUD like this then the market will react and may bring us to lowering capitalization.
just listen to our instinct than people like those who wanted only to make their FUD worth for their investments.

Month after yet Bitcoin did not experience crashing so basically the answer is NO and will not . 

Bitcoin will Maintain its position and will never experience crash according to the movement in which signify the strength of the Market.
there are how many chances that the value might drop but nope, it stays strong and holding to 30k and above level.

Hope that we'll never fall down to below 30k this year at least .

Yup, no strength to push above $43k at least, although it remain above $40k and fluctuating around $41k. And as you have said, no pump and no crash either, somewhat in the middle but that scenario might change in the last week of this March as there could be some decrease because of the bitcoin future expirations. Not sure how much options are going to expire, but I reckon that it will be in the billions worth of btc again, so I'm expecting another slump before the end of the year.

Right now. I would believe that if we have a great news soon, the strength will be there and we will push above 43k for sure and we will do amazing. However, we do not have that yet, we are doing fine but we could do so much better in the long run as well.

Let's just hope that people will realize crypto is not the way it used to be and we need to make it into a further and better price by hyping it to the world. That is how we went up before, we just hyped it and made it into a big deal. Right now, even the people who hold bitcoin do not hype it, and that is why it is not getting the attention it deserves, that's our problem currently which is lack of confidence.

Going down to $30k level will be difficult, unless, something very negative will happen.
We are sustaining the $40k level now, and one good news and we may see this increasing again.
Some countries like Malaysia, Honduras are showing positive approach towards crypto.
And one good impact on crypto with this war is that Ukraine signed law about it.

https://bitcointalk.org/index.php?topic=5390706 -  Malaysian Ministry proposes cryptocurrencies as legal tender?
https://bitcointalk.org/index.php?topic=5390695.0 -  Honduras to declare Bitcoin as a legal tender?
https://bitcointalk.org/index.php?topic=5390003.0 - Ukraine: Zelensky signed the law "On virtual assets" today

As we read some of the threads here in the forum, about making bitcoin as legal tender in some of these countries.
It goes to show that bitcoin is getting an interest from these countries why they are making a proposal out of it.

actually it does not need to be a "Legal Tender" at least adopting bitcoin as legal is more than enough if the world will only comply . there are many countries that still has banning stand for Bitcoin and cryptos but if all of these will changed? then we will be  seeing a more hyping market and the world will be shaken what crypto can bring and hold for the future.
and also what we wanna see listed on those are Bigger countries like European and US states .

The support to be crashed that is expected to happen seem to be a typical FUD to scare investors. The market did not crash but what happens instead is that the market started to rise gradually and yeah buying now the price is rising is still not yet recommended but the only best moment for buying is when the market experience a crash because after every crash, a recovery or a rise is always going to follow up.

What you seek about USA taking part of the war have already happened last time. They already gave sanctions to the country of Russia but that did not affect the market of cryptos in a negative way. The effects of it are rather positive.

I think the opposite, the Bitcoin price will skyrocket and immediately reach $ 50K, today rises more than 3% and has reached $ 42500, this is an important lesson for us that when prices go down then don't panic and sell cheaply, if you don't buy it at least hold because of the opportunity for bounce is easy.

for today bitcoin has increased which is a very natural thing after experiencing a correction for 2 days ago and it is impossible for spot traders to sell at inappropriate prices except for newcomers who panic and there is an urgent need because old entrants will do staking while holding waiting for prices ,is different from short-term trading and futures trading

What do you mean correction for 2 days? I haven't seen any correction except the price going up, $40k++ in the last week or so.

Of course, selling right now, you can make and squeeze some money, but we shouldn't look for short term though, for me it's better to save and accumulate at every dip and look for the next bull run. I know it's still very far, but that's what long term for me.

Right, I can confirm that. Since March 14th the price of bitcoin has seen a pretty good increase which peaked at $43K yesterday. Although the price is currently experiencing a slight correction between $41K-$42K, so I don't think it's too much of a problem.

It's okay for those of you who are trying to invest long term with bitcoin, but of course not everyone will because they prefer to make profits in the short term and that's up to them. Despite all that, I may prefer long-term investments over short-term investments because I am still optimistic about greater returns in the future.

oh....thanks for the correction Dave1 I saw the price chart wrong because I used a 1 hour cart reading instead of 1 day so I had the wrong perception
I totally agree with you that continuing to collect in installments is the most profitable thing at the moment, although many predict that btc will reach 30K/28K$, in fact, it hasn't happened until now.

FUD will never last long in the market because right now bitcoin is the asset that is most in-demand, so when the price drops, many investors will buy it so the price will continue to hold. we can see that in the last few weeks the price of Bitcoin is quite stable and does not show a drastic decline or a drastic increase. this will continue to happen until bitcoin makes a new ATH.

It was always obvious that whenever market does something to trick charts, that ends up with people getting confused about the situation for sure. I am not saying that it is a lie, obviously it is not and the price went low. But when there is a chart that shows that it could go down after x happens, those wealthy manipulators make X happen somehow and then result with increasing the price.

We should not really be expecting it to happen at anytime soon, but I believe 50k+ is coming if the wealthy started to look at it in a shining light. If they are trying to trick us to think it will go down, that means they want it to go up.

Let go of FUD because that is part of the culture in which there must be someone that making fake News just to dump the price and that is why? because they wanted to buy in lower price in which this is part of manipulation , we have seen several chances that the FUD continues to come when the market is Bumping and it is obvious reason why we should see that it is Healthy action to show how  best to still invest in crypto than other area of investing.

Not only every year, but FUD more often throughout the year it is used by some people to collect more bitcoin. Manipulation can also occur at any time and is also used to collect more bitcoin by several parties and until now these two things have never been lost. Panic attacks often occur as a result of the two things I mentioned although they are only temporary until bitcoin recovers.

FUD is sometimes just made up and often becomes something that is greatly exaggerated for the purpose of influencing supply and demand. But if you are smart enough to take advantage of the panic of traders and investors when the FUD starts to attack, then prepare your capital to collect more bitcoin. I am sure you will benefit from it as recovery will occur after some time.

FUD is a way to make sure that price drops, so traders could buy from lower prices, then it goes up and traders end up making some money. It doesn't mean that it will be that way all the time but it does allow them to get richer so they try their best to make it happen.

Traders are a lot smarter than people think they are, they know what could trigger a big fall, like let's say whenever long futures are held together for too long and one move could make it go down, and then all the liquidated contracts will turn to USDT and that means selling of BTC for it and that will keep on dropping the price. Knowing that exact threshold is very important, the end here is that we need to realize how they operate, and be ready to counter it.

I think 2 more weeks Bitcoin prices will soon reach $ 50K, this can be seen the fact that March became the beginning of the revival of Bitcoin because it has risen more than 10% in a month, of course there is no guarantee that the price will continue to rise, of course the user will soon be Selling Bitcoin because they believe with more massive FUDS in various media.

Indeed, it could hit that as there is a lot of possibility to break the strong resistance of $45k and make it strong support level afterward. As bitcoin hits the level for the 3rd time and resistance/support level could be broken when bitcoin tries to hit that again and again. So there's still huge possibility of it, however just need to monitor it with stop-loss as any kind of negative news could do the vice-versa of it. So need to wait for it.