Bitcoin Forum

We have it folks. The first time in bitcoin's history when the price went below the ATH from the previous cycle.
We also are below the 200 week moving average, which happens like... never.
We have a fear and greed index of 6, which happened only once in history.

It's either a generational buying opportunity with bitcoin being the most oversold it's ever been, or it's the end of bitcoin and it's finally dead LOL

If you look at logarithmic models then this was expected to happen after the next halving.

Bitcoin has been pronounced dead several times, if also pronounced dead this time, it has not been a surprise because it has been what has happened several times in the past, known as bitcoin obituary. A time to invest and make profit more is when others are panic to buy. Do not just be surprised if you see bitcoin price increasing again. Never be surprised by that as price decrease is a buying opportunity for many people.

And yet people still thinks that bitcoin is going to see it's end everytime the market is on its red days. My newsfeed is full of these kind of people again, they're prophesizing that the cryptocurrency market is facing its end, I just laugh at all of them though, while they're panicking, here I am stockpiling my stash and waiting for the prices to go down much more.

I do not think that today's description will be accurate because the price may be lower in the coming days, but we are in the time range in which the price of Bitcoin is very low and therefore ideal for those who want to invest in the long term.

All the technical analyzes that I mentioned will not help the price to be higher than the current level and it may drop to more than 90%, since it is the first time that many things are happening, but the most important point is to buy more or not to sell at least.

Yup aren't we all. I'm panicking where to get the investment funds from, to buy in this fire sale...

$1000 btc would be a dream come true

$1K would be a disaster.

I know on this forum people believe in Bitcoin almost like they believe in god, but it costs a lot more to go down than it does to go up to begin with. If going down from $10K to $1K is a 90% downside, going up from $1K to $10K is a 1000% upside.

While we're at it, we could take the argument further. If $1K would be a dream come true, $100 would be even better, and $10 even better etc. No way. The lower the price, the more disastrous it will be.

That said, I highly doubt it will go down to those levels.

I think what is going to happen this cycle is that the predictions that were made based on the previous ones are broken and more realistic predictions for the future will have to be considered.

90% of ATH which is 6900~7K.
Although this is unlikely, you must be prepared for all options.
What worries me is not to what extent we will go down, but the continuation of being below the $19,200 long support level (200 MA)
I remember a similar case when Covid-19 was first declared a pandemic in March 2020 and the price kept going below that level by more than 10% but the bounce back was fast.

The main question here is by who? Those guys claiming that Bitcoin is already dead are those who probably want to purchase Bitcoin at lower price level. There’s a lot of people in the past that say those exact word OP stated but now they are holding Bitcoin and probably sold at the top. This is just a propaganda to make the price worst so I don’t buy anymore if someone whoever he/she is make a bold statement about Bitcoin because Bitcoin will never die.

If Bitcoin will have zero supporter in the future, It means that I’m already gone in this world.

The bear season isn't finished yet, I think we have to prepare for the worse and more dead times for Bitcoin.

I have seen recently that Bitcoin is moving back close to $20k, a short pump might lead to something a huge dump in return. I was thinking now for $15k, might this be possible?

It has to say that the month of June is more troublesome, I expect more panic selling rather than accumulations.

It's both
- Average joe is panic-selling
- Margin traders are getting their asses sold
- Whales are accumulating

It's a buying opportunity, it will not be bear market all the time and I think the current price now is already very cheap.
We can make profit in just a short period of time if we have the courage to buy now.
When they are fearful, that's the time to take advantage of the weak hands.


NO! NO! NO!..

It's because they only think of themselves and they ignore one thing.
For bitcoin to make a comeback after 1k you will need a ton of money, just as how to recover to 68-70k you need a lot of money since the stonk hands-only buy in the dips and will not buy any more once it goes over let's say 30k, who will prop up the price, who put in enough money to cover the ones taking their profits? Not 10$ DCA for sure!

1k? It will be a complete disaster, you will end up with hardcore bitcoiners buying all that at 1k, and who will come with the money? The only reasonable source will be pump and dumpers who will buy at 2k and dump for 100% profit back at 2k, taking even more money out of the scheme!

And if it goes to 1k, what about the reputation? Hedge against inflation my ass!
Security? If it goes to 1k the miners left in the business will not be able to resist a 51% even from one company, for example, Riot will have more hashrate than needed for that, and of course, it will be out of business and available to be bought at 1 dollar plus liabilities.

I'm not sure at what point the community collectively decided that April'13 was just a roadbump on the way to November '13, but at the time it was very much viewed as two separate runups, and the '14-15 bear market went far below the april 13 ATH. The market has slowed down a LOT since then, plus we have big money investors who seem to be truncating the blowoff tops. If, as I suspect, the current market is a macro slow motion version of 2012-14, the bottom will be close to 10k, and we'll have multiple years of sideways and shakeouts before there's another strong bull. We may see a false hope bounce similar to november 2014 before the bottom actually happens.

I agree that 1k would be a disaster. If any of you think 1k would be an opportunity, tell me at which level a stock is considered as dying. At -80%? 90%? 99%? There has to be a point at which people would say no, I'm not buying this shit that's in a constant downtrend. For most people a stock has to deliver to be an opportunity. Something that gains 200% and loses 80% of it in the bear market delivers. A stock that gains 200% and then loses more than it gained in the last 2 years becomes too risky.


If bitcoin went to 1k right now I'd start asking myself what's wrong with it that it wiped out the 2017 bull market. What's wrong that it's lower than it was in the covid crash.

Forming a lower low than 3k would make people run away from bitcoin because something would have to be fundamentally wrong for it to happen 1.5 halvings later.
Also, we are already below mining profitability, which is why went through that 20-17K crash. That was miner capitulation. The same thing happened in 2018 when we fell below 5k.

Panic everywhere but vetirans know it that whether history or not repeating itself, bitcoin capitalization will increase after a while a the bear itself will become the history. Bear time is buying time for sure. The dead instances of bitcoin isn't dragging bitcoin down, what is happening in bitcoin price is history like we know, bear is normal and bull likewise.

True, although if we were to fall from a new top of something like 200k USD to a new low of below 65k, I wouldn't be as surprised as I am now. I'm sure you understand :D

Doesn't mean it cannot be cheaper. Not trying to troll here or anything, just that for me it felt cheap and oversold at 30k
Now it's starting to feel more like a disaster.


I'm not looking for that. I'm not a trader.
I don't want to see bitcoin drawn down back into nothingness by banksters and scam stable coins.

That's what scares me too. This selloff with no bounces. Red week after red week, no support at the 200 week, no immediate buy back from below 20k.


Was the rundown in 2014 a normal event? It went much lower than it naturally would because MtGox went bankrupt and started all that drama that dragged on for years.

I was expecting a bounce when we fell below 35k and then we fell again to 21k with no bounce and then again to 17k that bounced a bit and all of it was on low volume. Really strange if you compare it with 2014 and 2017 where weekly volumes were 600k BTC and now we're breaking the same levels (20k) but with only 100k weekly volume.

Many expect this drop since the price failed to break the resistance and its happening now. This might be the complete cycle of Bitcoin and after this, we can expect it to slowly rise again. $100k for this year are even more impossible to achieve, but in long term we can get there. Maybe in the next halving, BTC can have another high run to achieve new ATH. Invest patiently right now and don’t expect that much for BTC, bear is still in the market.

For sure margin trader take a big role here .

The only thing that dead is those people who doing margin trading and have no stop loss in it but greed. They wiped out now and the market has a fuel to go to the moon , such a scary market isn't it?
Today is the day until we see another dump coming in the next 12 hours or so.
Nothing guaranteed.

100k will be here sooner than you think....

When the price of bitcoin plunged so deep from the ATH level many speculated that bitcoin would die. But in reality it never happened. If people are experienced and have been investing in bitcoin for a long time then the drop in the price of bitcoin is not surprising, they even take advantage of the price drop situation to buy and increase their portfolio and hold on for the long term to get big profits someday.

very good statement and it's true Bitcoin is not going to die, old traders and investors know that too,
when the market is bearish many people say "Bitcoin is Dead" but look what happens now? is the price of 1 Bitcoin = $20000 a cheap price? Of course No!,
when compared to 10 years ago it was only a few dollars, so why think about bitcoin died? buy and hold is the answer

Do you have some reliable information or do you feel that it could happen soon? :D

People understand the word "soon" differently, so for some it will be in a couple of weeks or months, and for some maybe a few years. If you tell an average investor who has no knowledge or patience that he will have to wait 2-3 years for Bitcoin to reach $100k, he will probably be disappointed and will not think that now is the right time to invest. Unfortunately, most only want a quick profit, so they will play the wrong card again at the wrong time and fall into the trap again.

8 years of watching Bitcoin charts

After every bottom an ATH is created after about 200 days.
The ATH tends to be a multiple of the last ATH. This means that 100k should arrive in 100 days or so.

Bitcoin is currently oversold and undervalued.

Other than that there is a big chance institutional money will enter the game if the SEC approves the ETF.

Even if the bottom is reached (and we can’t say that with certainty), 200 days is just over 6 months, and a new ATH before the end of this year would be a really big surprise. While there are indications that the SEC could finally give in under the pressure of Grayscale, I wonder if the spot BTC ETF will really have as significant an impact on Bitcoin as most imagine?

The fact is that the US market cannot be compared to the Canadian or Australian market where such an ETF already exists, but I don't remember reading somewhere how much money we are potentially talking about when it comes to the US?

The last statement I generally agree with, not quite that it's the end of Bitcoin, but that a 10 year bull market could well end with a 20 year bear market, this has always been the risk really. I guess for the older generations this would be a reason to capitulate and realise losses or otherwise take profits, but maybe for the younger generations there will still be a reason to hodl. Baring in mind Gold went up 20x in value from 1970 over a decade, before going into a two decade long bear market until 2000. But in the long-run, it's still worth 3x more than in 1980, even if that's not a very impressive rise.

As for the 200WMA, we have closed weeks below it numerous times, such as in late 2015 for mutiple weeks in a row as well as in 2020, so a single week close below doesn't confirm so much imo. However breaking the $17.5K, and continuing further down would likely confirm a true break of this support, but fortunately this has yet to happen. For reference sake it's only the 50 Month MA that price has never closed below.

I think that would be a bit difficult to break under 17.5k that quickly. I mean it's not impossible but for that to happen we need to really see it go down a lot more. The best thing for the time being is not to have hopes from the indicators but more like having a bit of trust in the system itself. That way we could be doing a lot better in the long run.

Does it mean that we should remove indicators completely out of our lives? No of course not, just means we should not make predictions based solely on the indicators and what they are showing, sometimes other stuff could give you a lot better results as well and we could take a look at all of them.

As the saying goes, there's always a first time for everything. So I would say that is the former, a good buying opportunity, as you can go back in 2017 and says hey I bought it along that time line.  ;D

And now after that lowest low, we've bounce back above $20k again, so it's just the question again, is the bottom in? But we will see, maybe we can go down a bit further to $15k or just bounce back in the $30k'ish.

A lot of people are really expecting the $20,000 as a huge support level because for the last bull run 2017-2018 it was the peak but the worst part came, it fall below that level which is around $17,000.
I am really worried about the Bitcoin now because of what happened, I also expect the bottom is only $20,000 for the recent dump.

But now I feel relieved that we are back above $20,000.

This was i am afraid off you are thinking on 15K what i am thinking is much lower 10K but since so many firm/company that join bitcoin i think we gonna se e the worse at 18-15K

---

inflation is high, the fed increse interest rate, war and covid drive recession economic disaster yada yada yada happen at the same time  :-X :-X :-X

but as far i know market always up and down guys. start to pray  ;D and dont lose hope till we can see another ATH

Yeah I was a buyer at the 200 WMA and so where many people. And I am pretty sure the $20K also had tons of bids in that area. For both of those to fail it means that there was huge supply pressure and just not enough demand.

Last 2 days were stable however it’s hard to call it a bottom yet. We can trade sideways for a while and when the GDP results come out and if it’s confirmed we are in a recession then I don’t see us rallying anytime soon. Especially since the next CPI might be high and fed will hike again.

I only take this as a way of bitcoin to tell us the right time to Buy more and nothing else , I even not looking at this as dumping instead a discounted buying  time .

Bitcoin is Finally dead , is always a Overstatement , and this will never come to reality and that is for sure, it may dump many time s but it will always climb high and high .

Buying more? Unless if you can afford to lose them. I literally don't urge people to buy but rather make their decision. Many people had lost because of discounted prices as they only think that after they bought Bitcoin they can make a profit right away which is not the real story in crypto investment. Things sometimes happen (maybe often) that patience is always the key in here, nothing else. If we can manage to do it, I highly recommended to take the risk but if they are still in doubt and have no long-term mindsets, better to tell them not to try.

I also think this is the right time to buy bitcoin at a low price.
We may not see prices this low again in the future, especially if the bitcoin price can reach above $100k.
But I don't think this is the end of bitcoin because, after this, bitcoin still has a big possibility of increasing again.
After we've seen bitcoin's movement from the past few days to today, the price has returned to $21k again and hopefully, the last few days' declines will be the last.

I'm starting to look more and more at the markets these days and by the moment European ones open and go in the same direction as Asia you can be sure that bitcoin will do the same for the day, Nikkei is up by nearly 2%, guess what Bitcoin rallied again too. Despite whatever claims some have, it has become so correlated right now every trader probably will look more at major events in the real world than announcements in the crypto world so probably those hikes will probably define the coming months.

As for the sideways, we've been at 30k for a month, eveyone was almost sure it won't fall too much below because previous ATH, 200WMA and look what happened, one week sideways at 20k and some really think is it will be over just like that.


Remember when you were saying 45k was a perfect buying opportunity?

I hope that the price of Bitcoin is no longer dropped below $ 20k and of course $ 17600 is The Bottom, and we wish to congratulate those who buy at $ 17K, if they sell now, then you have more than 20%profit, this is what we like From Cryptocurrencies, profit opportunities are very large in a short time.

You can't call Bitcoin as dead when whales are actually accumulating. This current Bitcoin fall down will definitely give rich people another opportunity to became even richer in the next couple of years. And those who are trying to get rich overnight will probably buy when Bitcoin is on the process of recovering.
If you've noticed after Bitcoin hit $18k, people are rushing to accumulate, thus causing Btc to bounce back to $21k.
Well, I'm still expecting Bitcoin to go even below $15k and I'm not calling dead either even if it falls below $10k.

What has happened in the past does not have to be repeated now, especially considering that the history of Bitcoin is very short. If there was an inexorable repetition of cycles, we would have surpassed $70K last year, as all predictions based on a repeat of the patterns in Bitcoin cycles predicted.

I don't want to sound too negative either, on this we are in agreement:


But from there to making predictions on the price based on repeating the patterns of previous cycles is a long way off. What happens in real life, such as the banning of miners in China, or the policy of central banks that have started draining liquidity, have more influence on the price than the lines we can draw on a chart based on the regularities we see from the past.

For me, and for many, too, it's "generational buying opportunity with bitcoin being the most oversold it's ever been" that's perfectly clear to me.
  This bad news and the bear market will never affect Bitcoin fans and holders because they have heard such talk “Bitcoin dies” many times before, and each time these failed pessimists were very disappointed as Bitcoin came back stronger than it was and made new highs, This time also will not be different from the previous times. It is only a matter of time when we will witness a new ATH and all those who missed this precious opportunity from their hand will regret it.

21k is still a disaster in my view. Still below 200 WMA, still below mining profitability.
Sure, it did go above the old ATH but it also showed that this is neither a significant resistance nor support. The price goes above and below 20k almost daily and until it breaks 23k there's really nothing to  be cheerful about. From a bearish perspective it's in the process of making a lower high after it made a lower low.

If it falls below 10k you'll see the real panic. I'm not expecting anything like that but it would look very bad compared to the previous cycles. We'd break all averages and all significant growth curves that we were following for years. All growth on the charts that we were tracking for 12 years would be nullified.

On the other hand if we could defend 20k for another month or two this would be a great level to start the next rally.

bitcoin is not dead as many people expected or reasoned about cryptocurrency falling at this present situations of cryptocurrency. If you peruse into the history of cryptocurrency it's quite understood that cryptocurrency actually or normally fluctuates in value and if this, happen seriously or a take a drastic measures people who have not witness the collapsed of cryptocurrency in price regulations come in conclusion that this is the end point of cryptocurrency. So i don't believe that Bitcoin can be eliminated or wiped out to the generation because of price difference occurrence.

I just cant believe $10k is going to happen, I cant believe at $15k for example we all
dont sell as much stuff to buy, after the next halving we wont be seeing these values
again. At ~$10k I'm selling my car, buy 1 Bitcoin and buy a crappy car to tide me over
for a year.

Would there be more panic to sell or more panic to buy at such unbelievably low prices?

When Bitcoin stabilized at $30k a few months ago, I was very optimistic that Bitcoin price would not drop below $20k. It turned out that my guess
was wrong, finally this month Bitcoin fell below the price of $ 20k, indeed Bitcoin is still quite stable at the price of $ 20k. But I believe there is
a possibility of Bitcoin price dropping to $10k price, if it turns out that the price of Bitcoin touches the price of $ 10k I believe more people are
panic selling than panic buying. And because I learned from several previous Bitcoin price drops, which Bitcoin can always recover. I'm like you
will sell my assets such as cars or motorbikes that I have to be able to buy Bitcoin if Bitcoin really drops to the price of $ 10k. I don't want
to regret not buying Bitcoin in bulk when the price is so low.

I support you in this...
Bitcoin had already gained trust which make this thing become a valuable digital asset at this time (and in the future). Of course, those who never see its value and importance in real life can't see a better view of it and just throw negative talks. As this bear season comes, we have been tested again - our patience, trust, and the confidence of holding. Unfortunately, many people had quit and sold their Bitcoin thinking the end of crypto. Definitely, we could say they are wrong and that was because we have experience and believe that this is just a temporary.

The biggest clue is continuing pressure or not.   Surprise events with unforeseen negatives would maybe create new lower prices otherwise the most likely general path for BTC is sideways back and forth and thats something its done many times.   People will speculate up and down at various times, for all this year maybe next but we'll just idle on anything larger then short term trades I think is most likely
https://talkimg.com/images/2023/06/12/AsNea.png

Here is the weekly average, we challenge and move across this but to really be positive this level of momentum needs to regularly stay below price.   By that reference its possible to see how positive BTC price action is feeling at that time.   For now alot of time and trade has to repair the prior selling, I think its mostly time that people underestimate will need to pass by before BTC is doing ok again.  Its probably for the best that every part of the market has a chance to consider and be involved in BTC at this level, just recovering right back in 10k steps without enough time probably only helps money men more then the regular people who get any spare capital more gradually across a whole year of earnings, etc.

That is true, just look the number of wallets holding 1 btc or more growing these days. Smart investors continue accumulating most bitcoins as possible, although it doesn't have a big impact on the bigger picture of crypto market, because they aren't whales. But it's a fact investors are already preparing themselves for the next increasement in bitcoin price. Mainstream economists, news, businessmen and politicians spread fear among common investors because that is the tool at their disposal to discourage people adopting bitcoin and consequently making the maintenance of its price. For groups of influence and power it's interesting bitcoin dumps to the floor until it starts being pumped again, so they can maximize their earnings.

That's the crypto world, guys, if we are good at making decisions and good at taking opportunities then we will be victorious and that also applies to those who are patient and lucky.
And starting yesterday I saw the price of bitcoin is still at $ 20 thousand and to go down again to $ 17 thousand I think this will be an advantage again for those who want to buy back after this.

even how good you are in making decisions yet not good in timing then you'll earn nothing but failure here, remember that in crypto there are so much happening and there are so much pumping and dumping area, those are the chances of getting right timing.
if you can get one in the middle then you'll earn but if not? then it is either you will Hold long term or sell at losses.

Bitcoin is never dead and far from it. Like CZ said "every bitcoin is dead headline is a buying opportunity". This is a vary rare opportunity to buy bitcoin given we may never be able to buy it this cheap EVER AGAIN!!!!

Bitcoin breakdown values introduce anonymous speculation, and some people just believe that the values will be wiped away from cryptocurrency market and conclude that bitcoin is dead. I want to ask them if any other currencies happened to be dead or when inflation come it later regain it strength. Bitcoin is currency of future generations and i believe that it will not crash ad we expected it because of the market condition

Sometimes though that is the biggest problem, it's hard to make good decision in life. So this could be a great opportunity or risk for others. And now we are above $21k now, yesterday it was a big scary to see some dip below $20k, for a brief moment, the price goes like $19,700 and I thought there will be another huge dip. But the good thing is that the price remain on top of $20k for now.

There is always a story behind those "Bitcoin is Dead"  or  " Bitcoin is Goin to Die" this is a propaganda or something similar from the whales or big holders so they can earn another bags of Money from the panicking weaklings .

If i were to decide? I will never let them manipulate me and my decision because I know where to sell and when to deny the changes .

for now the price of Bitcoin is still above $ 20000, but we can't say Bitcoin is safe,
because some time in the future there will also be news about interest rates from the United States,
of course this will affect the price of Bitcoin again

That is exactly what I've been saying around me....that BTC could fall under 10k and maybe a flash drop towards 7800 and then a huge recover and a stable point. This was kinda the bitcoin roller-coaster even in the previous years , so if we fall again under 20k during this summer or by the end of it , we might see Bitcoin dropping for the rest of the year and maybe a portion of the next year.

This is only what I assume at this point but sure , there is always the other side of the story where we all could be wrong and BTC will burst towards 50k out of nowhere.  ;D

It's been 3 days the market is green and I hope this is a sign that the market will soon bull run again, prices are still low and the time is right if we want to get big profits by buying immediately, don't regret and hope to buy again when the price is expensive.

Without a doubt bitcoin has not been performing well at all and those signs are not really positive, and it is not only the first time we see them but the first time that all of them happen simultaneously, however despite all of this I do not think we are nowhere near seeing bitcoin disappearing, it will recover but it is going to take a lot of time for this to happen and a lot of people will lose their money as they sell for a bad price due to the panic all of this has generated in them.

Hopefully you'll be pleased to hear that price is now above the average mining cost of $19 682 (https://bitcointalk.org/index.php?topic=5402034.msg60432103#msg60432103). Hurrah! Also bear in mind that Bitcoin traded below the 200WMA for multiple weeks in 2015, and it wasn't a disaster, it was instead in the end of the bear market. Just saying. It's only the 50 Month MA Bitcoin's price has never closed below, this is at the moment around current price level.


For sure nothing is happening unless price breaks down above $23K & 200WMA, but at the same way, unless price breaks down below $20K again then nothing worse is going to happen either...


This is the irony here, there's all still to play for. $20K is currently acting as support (whether strong or not).

Hurrah indeed! I know some will say its grasping at straws but that's probably also one of the indicators (for me anyway) of underlying strength, and it does give time for mining companies to reconfigure their balance sheet (which also means to me that selling off now to keep some cash reserves doesn't necessarily spell disaster, just prudent bookkeeping). They can't afford (literally) to go into pure holder mentality if we're expecting them to tread water the next year.

As a human being then it cant really be avoided to have that panic no matter how experienced you are or veteran on this market specially when you do see that everything is dropping and everyone is really in panic
or do have that fear in every corners which you cant really avoid for you to have those anxiety and fear inside even if you dont show then you cant really just resist to have  this emotion.
We've seen the worst back in the past but not really as worst as this where every indicators been showing the worst of the worst or in first time in history which op had pointed out.
If you do have trust in Bitcoin then you would just simply ignore these things and push up yourself to believe that everything would be fine later on.

Mining price doesn't "really" matter all that much. The whole point of 200 MA is the fact that it has been low long enough, it means that we went through the painful stage and we are ready to go up now. Doesn't mean that we will, it just shows how terrible it has been, and doing that for a few week in a row means that we have been undervalued for so long, maybe months at sometimes, I didn't check the past sorry.

This usually results with the market going back up, doing great job, but of course it is not a must and could stay low. With the mining price deal, it is not really that important because they just keep it going since closing shop is a big deal and why not just take a few hit, and cash out later when it goes up, easier than stopping all operations.

It's more of an opportunity for me rather than thinking that this is the end for bitcoin. Every bear market, people says bitcoin is dead and they won't buy it anymore. They don't see it as an opportunity to buy at a very cheap price but once market starts going up again and bitcoin is pumping like crazy, people become euphoric when buying it. This is the time where whales are accumulating so you should do the same too not fomo when it's already almost at its peak.

It's always been an opportunity to all of us buying at the lowest of $17,500 no doubt about that. As for bitcoin being dead? it has been declared many times already but we always managed to get up and then goes on another all time high. This will be the case again in 2024. Maybe the perma-bears will have a good time trolling us, but once bitcoin goes up again, they will go hide under the rock and remain and hibernate.

For those of you and I who are familiar with the crypto world, will definitely consider the current bear market as the right time to buy Bitcoin.
Because if we study the movement of Bitcoin well, we will find that Bitcoin has experienced deep dumps several times. But it can always recover
again and even rise higher than the previous price. So it never occurred to me that Bitcoin would die. I have missed the opportunity to buy Bitcoin
at low prices several times, so now I will not delay buying Bitcoin, because I don't want to regret again missing buying Bitcoins at low prices.
Based on my prediction, Bitcoin price will likely return to $30k in the near future, so buying Bitcoin now is a good decision. If my prediction is
wrong and it turns out that Bitcoin is still going to fall deeper, it can't make me panic. I just hold the Bitcoin I have until the market recovers,
because I always believe Bitcoin will recover again.

Those people panicking that bitcoin will die soon are newbies, because many bitcoin investors knew that this is the best time to buy bitcoin and hold for the price to move higher before they can sell to make a good income. This is the best period to make huge amount of money from bitcoin because the price has fall to $20k few days ago that is making people to buy more bitcoin and add to the ones they had bought when the price was $30k in the crypto market.

Most are newbies but there are certain people who are here for many years that still have that feeling especially when they bought Bitcoin during ATH. Well, I understand their feelings, it was their emotions that drag them to think that way that is why upon investing in crypto we must be sure that we are strong enough to face the consequences with this form of investment as the risk is too high. And those who come with such preparation will likely end up profiting.

bitcoin acceleration always have two methods of involvement in history of it's expansion in value and degradation as well. The two things Bitcoin experience is falling and rising and when the falling aspect happened people feels it's the ends of bitcoin.

Bitcoin falling and rising, it's seems from my perspective as correction not like it's ends of bitcoin validation. Because if we peruse into it seriously we have to denote that it's how cryptocurrency works and this is not the first time it do undergoes rising and falling.

Today is The day?, what is the price of Bitcoin today Breakout?
because many expert traders say Bitcoin breakout and bullish in the near future, do you guys also analyze it?
and do you have bought altcoins and bitcoins today? if so maybe I should also analyze it, thank you

All of those dumps were recovered, not only recovered but it became very big and very profitable later on as well. We are in the bitcoin world and for all of us who have been here for a while, we all know that it is not going to be a shocking thing at all, it is something quite normal and expected anyways.

I personally feel like the recovery will not start for another year, but that is not an important factor for me because I know that I will make a profit one way or another. This is why it is quite important to realize that what you do in this market doesn't matter as long as you know what you are going to do with it later on.

If you want to buy, buy it and buy as much as you can, but know that it will take a while before you sell, if you buy it today to sell a week later, that may not work out well for you. If you sell right now, know that you will need to be quick to rebuy when the prices start to go back up. So, it is never about what you do now, it is about what you will do later on.

It is such a regular thing by now that everyone is used to it. I get that there are tons of people who are not sure about what bitcoin will do, but the reality is that we are not going to really see anything that would be interesting to the trained eye. There will be ups and there will be downs and both of them will happen in a cycle and we are down with it, and we are aware of it.

The best thing we can do right now would be to stay quite, try to see the market, check it, buy as much as we can afford, and just stay out from all the craziness that is going on. I believe that even if there could be some falls in the short term, the price will go up in the long term so it is not a big deal.

When everyone else thinks that bitcoin gonna die , you should think the other way.

we have witnessed it, not long ago. pre-covid19 back in early 2020 where bitcoin plunged from $20k to nearly $2k , everyone getting panic and selling their bitcoin for very cheap price tag.. and then few months later , it's explode 30 times!
keep buying piece by piece and put a trust 100 percent in bitcoin for whatever it is.
your chance to become a millionaire are very clear but not much can see it , can resist how the price moving up and down really fast , so do i tho.

people who is thinking or having the thought that bitcoin is dead, is people who don't really know the regulations of bitcoin. I'm not wondering or bothered that bitcoin price will decrease, the only thing we should know is that it's how bitcoin rotate in price. We should use the price of Bitcoin in 2018 and 2019 to know that bitcoin price even though is at the stage of seventeen thousand (17k) it's still in the positive stage, but it's not what we are looking at, because it's obvious that the price will rise and fall.

The current price is getting closer to dropping below $ 20k, hopefully it doesn't happen, but if the price drops again then I have prepared an option to buy, a good opportunity can buy at a low price, I'm sure Bitcoin has great potential for rising and past ATH years 2021.

Without a doubt it is difficult to remain calm and take the best decision possible when the circumstances are so adverse, however for anyone that wants to become successful in the market then this is something that must be done otherwise only failure expect them at the end of their careers as traders or investors, so while it is understandable that people are panicking for what it is happening they still need to overcome those fears, otherwise their chances of making any money in this market are of zero.

Today the Red Market is down 3% and might drop again below $ 20K, if you buy when a cheap price is $ 17K then I suggest selling, you still profit more than 20%, of course this is a difficult choice but a difficult condition prevented because market pressure does not seem to end yet.

Exactly, no way i am buying now. I rather buy a little more expensive when an uptrend is confirmed, they buying high when there is so much uncertainty.
If you ask me. we may see some more fluctuation... soon

Before I left for work or 6 hours ago the price of bitcoin was still $20k, and now the price of bitcoin has dropped below $19k, it looks like the price will continue to fall because of the many FUDs, even some influencers who are active when bitcoin is rising, but when the dump they are also silent .

Bitcoin price is under $20k and I don't find it too surprising, remember we are still in bear season and it will last. There has been a very slight rally in the past few days but that was just a price trap, so don't expect too much and don't be surprised when the price continues to drop.

Crypto winter is sure to follow after we have a jubilant bull season in 2021, this year is a bearish year and a year of accumulation for bitcoin before it picks up speed again.

Unfortunately, we have a drop again the start of the month. So for sure, this is going to last this year as obvioulsy we are in a bear market.


That's what you call cycle, after we have a good bull season in 2021, it wouldn't last and at the start of December after reaching all time high in November, the bears take over the market. But yeah, this is a period of accumulation, time to get that cheap bitcoin again.

do you know that there is no time you buy cryptocurrency that is not the actual time to buy cryptocurrency those who basically believe that it is only the time of the bearish you can buy Bitcoin or any other cryptocurrency, I think it is the believe of everyone who is into cryptocurrency investment, and for my own understanding I believe that cryptocurrency is something that you can buy anytime you have your money and it depends or how long you want it stay before you sell to make profit.

Really? I find infulencers for the most part, just follow the current trend. That's basically their job, they try to make viral content, to get as many eyes on them as possible. So, them riding the wave whether Bitcoin is going up or down makes sense, and I do believe from what I've seen they're doing this.

It's almost trendy, to talk negative of Bitcoin when it's at the lower end of its recent prices, and then to bull it up when it's on the rise. At the end of the day everything a infulencer says, needs to be taken with a pinch of salt. This goes for your infulencers like Elon Musk, as he also proved to have this sort of mentality in the past.

That is the only conclusion we can make out of all of this, it is unlikely we are going to see a miraculous recovery during this year and the next year is probably going to be more of the same, so we need to accept and learn to deal with the crypto winter we are going to face, for those which are new to this they have my sympathy as it is not easy to survive it, but if they can then they will reap the benefits of yet another bull run on 2024.

Lol 😆... But you didn't expect anyone would've a perfect handle on the prices of these things. Did you? The best anyone would do is speculate on price. I understand that user's near certainty on Bitcoin price and I know it was occasioned by excitement. Sometimes people get carried away that the dip at the moment would be the bottom and then price springs another surprise, continues on a downward spiral. This thing happens and it's the same reason most early adopters aren't hodling Bitcoin till date. They got deceived by Bitcoin fluctuations and felt the prices they were selling were the highest Bitcoin could get to. I've read reports were some dudes said Bitcoin was going to see $10k. We may get there to that price. We may also not get there. It's just mere speculation the way I see it.

From the history of Bitcoin that I have seen, words like this always appear when Bitcoin is experiencing what it is today, dead and finished, in fact it is not, Bitcoin rises like a crocodile wanting to pounce on its prey, very quickly.

That's where all of us will regret, why me.....why me.....the train is going fast, no one can stop it, so think about Bitcoin for the future.

We can study the history of Bitcoin movement to assure us that the future of Bitcoin will be bright. So there will be no doubts about Bitcoin,
even if the Bitcoin price shows a declining performance, Bitcoin will not die. We can see it from the history of Bitcoin movement, where the decline
in Bitcoin price is only temporary, because Bitcoin can always recover again. Therefore when the price of Bitcoin is at a low price like now,
we must move quickly to collect as much Bitcoin as possible according to our respective finances. As you said the movement of Bitcoin is very fast
and also volatile, so from a bear trend, it could quickly turn into a bull trend. So don't miss the opportunity to buy Bitcoin immediately when
the price is low, instead of delaying buying Bitcoin, then it will be regretful if the price of Bitcoin suddenly rises and we haven't had time to have
large amounts of Bitcoin.

when you scrutinized very well, you denote that majority who is rendering different kinds of name towards the falling of cryptocurrency and especially bitcoin this time is one year and two years Bitcoin experience investors. Actually in a normal circumstances cryptocurrency market never be stagnant in it's price or having a continuous increment without a reverse of values. I agree with you that cryptocurrency investment is future investment which you don't have to be expecting huge return of profit when you have not stay long in the cryptosphere to know it's regulatory system of locomotion.

It used to rise every time but past performance doesn't predict future. I'm a holder and a believer in this world-changing technology, but I'd really hate to see the potential wasted by politicians, bankers and lobbyists.
I'm not the guy who stands there screaming "when Lambo?" but I also looks for patterns and signs of strength and weakness. Bitcoin following some patterns for years made me feel more confident and I'm starting to get worried when some of these patterns become broken and people who used to talk like they were smart start saying "I did not expect that, now I don't know where this is going".

Good reaction to BTC today with a last minute rise from the monthly average, required really as it had fallen out of the bullish momentum prior.   At this moment it can reaquire the weekly average and attempt to surmount the 50 day average once again.
  If we close above 22600 on the daily bar and continue to close in that area or above tomorrow it can start to build positively.  So this is a very reaction today to being tested.  Today the FED news came out so I presume external interference is out of the way for now.  Im optimistic we can develop prices so long as we are above the 50 day average with weekly momentum retained this is really a good phase change back to positivity.

Happy because today the price rose more than 8% and returned to the level of $ 23k, I was more optimistic that in 2022 it would reach at least $ 75k, if we invest now then I'm sure I can profit 300% in 6 months or less, never panic When the price drops, but this makes the opportunity to continue to buy.

I'm sorry but I'm not seeing the price going to $75,000 though this year, we are still in the bear market. As far as the price goes today, yeah, another good jump and we never anticipated it. I thought that we will go back to $20,000 levels.

Yes, never panic, just continue to accumulate in this bear market. Nothing beats buying at cheap price and then holding it till the next bull run. Who knows, we maybe looking at 6 digits and hitting that $100,000 in the future.

Dont think in calendar years is probably best, that whole scheme is not the best fit and if you do then remember to keep another perspective besides just purely the conventional straight line view.    BTC is acting positively right now but it'll take time to develop all the way through back that lump of volume we have overhead and easily it can be said to take this whole year.
    The OP calling out the last ATH is relying too much on what was a shaky unreliable price.   Not a big deal but dont form views based on singular events like that, its more about the development of the trend that matters.   I think we have a cease and desist on the negative trend prior, so a good rally near term seems fair to me, easily we should recover the higher 20k prices (https://talkimg.com/images/2023/06/12/AIe2C.png).   Likely we repeat the whole range a few times but its good to put some volume in this area, BTC was rushed a little too much previously.

If the timeframe is 6 months I'm a little hesitant to hit $75k because it's too little time for Bitcoin to move from the current $23k price level although it could very well happen to Bitcoin. But the time is too short in my opinion unless the Bitcoin price is currently at $50k, but I would also be very happy if Bitcoin could be able to reach the $75k price level within 6 months because that is also an all-time high price level.

Almost everyone says that bitcoin will never die at least in the next 5 years, this is in line with what we have seen in the market for the last 5 years, the development phase of bitcoin has reached a point of decline in the previous year, where 2021 its movement reached several times the ATH.

After that there was a correction until now, the recovery was slow and then corrected again without pause, what can we conclude in this bitcoin journey, the annual cycle can be a source of reference, that bitcoin will react after a big correction, then when can we find ATH achievement?

Personally I still believe, in this year there will be surprises for bitcoin journey, at least until the end of the year.

it is near 24k today and yes we must be happy as this seems to be the start of the target 30k again this quarter(3rd quarter)

https://coinmarketcap.com/currencies/bitcoin/

though there are  some beliefs that we will still drop to 10-13k yet this is a  good news as those who wanted to take out their funds to be ready for the dumping season then at least you'll get your funds  with great increase .

That's right, bitcoin will not die. Speculation that bitcoin will die usually arises when the price of bitcoin drops dramatically and it's all part of one of the FUD strategies that deliberately spread fear so that they expect big sales and can collect as much bitcoin as possible when the bitcoin price goes up they will sell it for a big profit.

Yes, people that are used to the season of bearish never get panic whenever the price of Bitcoin go down in the market than to use the opportunity to buy more of Bitcoin and hold for a beautiful future to come. Despite the price has moved to $23, doesn't mean we have inter into bullish season, but it is a sign that bullish season is very near for those that invested a huge amount of capital on Bitcoin to get ready to achieve something good from their investment, because the price will definitely reach $55 before the end of August.

things like that are natural when bearish season arrives, in 2018 it was the same,
at that time FUD from China said that Bitcoin would die in the future,
but look now!, Bitcoin price is able to be at $24k and has reached $64k in 2021, so when FUD arrives then buy it!

Well you know china, they hate bitcoin because they also ban it but I think that event give a good scare to those unexperienced users because it's already a country that said it and not just random people that tries to spread fud although the one that china said right there is also a form of fud because them and only few other country have banned bitcoin but majority are still into it and won't ever do that no matter what because they see its benefits more than its flaws. That's right.

When someone is in doubt or in fear, we should took it as an advantage to accumulate more coins but whenever someone is positive or greedy then we need to do the opposite.

today is the day! yes! this is the day for Altcoins, yes even though bitcoin is the cause,
 since altcoins have gone down that's the time to accumulate and buy as much as possible,
and now is the day to sell!, because I see there have been many altcoins with up to 100% increase in Binance,
of course we can conclude, that the altcoin market has potential.