Bitcoin Forum

Speculators : "Bitcoins is up now 21k buy buy buy ! yeah 100k coming soon  "....but it was 47k this March and 61k in 2021 ... so how the ..f..uck is bitcoin a winner ?

The only guys that won are speculators/traders that pumped and dumped and miners, the rest got wiped out ...

It starting to feel that "Bitcoin game" is a scam ...a big ponzi ...

It's for you to interpret whether the current bearish market makes bitcoin as Scam or a Ponzi scheme. However, you must keep in mind that not only did crypto market but rather even the stock market and real states has been affected with the bearish trend. Also, these kinds of cycle of bearish and bullish trend is normal with bitcoin and other cryptocurrency as they are volatile.

See if you see the bitcoin market just like any other market and keep it on a scale of 3-4 years you will see that you have always been in profit and never in loss. It is obvious that currently price fluctuations, as well as manipulations, are way too high for Bitcoin markets but eventually this will come down. The winner is only the person who entered the market at the correct time and then HODLed his bitcoins or a person who is a very good trader and can make money in the market no matter what the type of market is. Weak hands always get wiped off as they do exactly the opposite of what should have been done in a certain situaton. 

Not sure to say buy when the market is clear. Isn't it time to buy during the correction you saw a few days ago?

The only person who wins but you mention more than one. Perhaps the sentence is more precisely one part of a unity. Not all speculators win or profit. If they are just making excuses without any basis for calculation, then they are gambling on the market. Just guessing that you buy even though the Bitcoin price is green. Hmmm

I wonder why you're still on this baseless talk, that bitcoin is a ponzi? or that it was once high and now low renders it what you called it to be? I think you need to understand that bitcoin is volatile and considering previous years price speculations one will deduce that lots of factors makes it hapoen part of which is the demand and supply, now that we are within the range of $21k mean nothing than the tendencies to begin to rise back to the ATH to break record above $70k anytime sooner or later, yet someone like you will still come out to call bitcoin which is a digital currency and generally acceptable a ponzi scheme, think twice to know what bitcoin is and it's difference from altcoins.

A scam that brings a lot of money to many? Well, I’m willing to get scammed by Bitcoin.
Seriously, you just need to understand the trend and know when to buy you can have a good price to enter and a good target price to make profit. This breakout might be little and still weak, so better to wait for other confirmation before buying. Bitcoin hits the oversold area and maybe this is the start of the pump but a dump after this is still possible, to avoid this kind of thinking better to continue analyzing the market.

This is a win for Bitcoin, because it defended a key historical level, after falling bellow it for a short time. This means that Bitcoin is not as week as it seemed when that happened. At least for now.

I don't think that this means that it already became bullish and the bull market has started, maximum that you can expect right now is a relief rally/dead cat bounce. But if this is the bottom of this cycle, this is good for the long-term bullishness of Bitcoin.

I'm afraid you're looking at it the wrong way. If the price is $21,000 and it was $47,000 this March and $61,000 in 2021 but $100,000 coming soon, you shouldn't be looking at it as if it has swerved, changed direction and goal, and you lose hope. Look at it in a way that you're given the opportunity to buy more considering that it has already gone to $47,000 and $61,000 and that $100,000 is coming. This is a sale that's happening right now. Why do you sound so afraid of it?

Those that are wiped out are inexperienced traders who thought that we are going to hit $100,000 at the end of 2021. Maybe they were deceived, but not taking a profit around $60,000? that is a bad idea.

Anyhow, we should move on, learn from our past mistakes, take advantage of this bear market, fatten our wallet with BTC because they are ridiculously cheap and just sit back, don't make things complicated if you don't have the experienced and just continue to buy during dip.

Many people made good money with bitcoin in the past. It made many people wealthy. But the issue is that many were expecting something crazy like $100K or $250K.

Look at how many people bought at $20K before it broke out in late 2020. Many didn’t want to sell at $60k because it was only 3x and they basically made a round trip and are at break even now.

Those that took partial profits at $50K or $60K are probably buying it back now.

That's because you have a short term mentality, what you expect from Bitcoin is to make a quick buck, when the best thing to do is to accumulate and forget about the ups and downs of the market.

It is better to buy Bitcoin for its intrinsic, unique properties, but it seems to me that you have not considered that.

The most successful strategy with Bitcoin to date has been to accumulate to the maximum, being able to spend a little or sell at high peaks, to savor profits, just as you can also buy now more than usual because it is cheap.

If you invest because someone told you “Bitcoins is up now 21k buy buy buy! yeah 100k coming soon” you will most likely make losses because over time you will be shocked that the analyzes were not accurate and then the fear will start to control you and the greed will disappear and you start looking for how to sell these investments Which will end up selling you for much less than its real value.

Speculators though are those person who keep buying in the dip and then sell later to make short money. What we should preach in this bear market is to buy at this level and simply hold. Historically, this is the best time s the price is very cheap.

Miners though are key part of the ecosystem, you can't blame them if they just hold or sell.

Well if bitcoin is a ponzi then it created a lot of millionaires or billionaires already.

Bitcoin as Ponzi is just his way of looking it. He is not the  only one who see it that way, its understanding how it works that will make him learn about it.Orit could be that he lost money so he is butthurt.

But it can't be a ponzi because there is a market of it and the supply of BTC is very limited compare to ponzis out there. Its all for everyone too as long as they can build a miner, anyone can get some BTC form mining.

I guess it could be good or bad for the market, the $100k projected really did pump the price but only up to $69k. And that is the max that we can in the last bull run. I guess the shills will continue to predict it though till the next bull run.

Of course, playing smart in this game is the key, this is not a sprint, bitcoin trading is a journey and a marathon. And remember that we have a cycle to work.

I won't comment on the Ponzi Scheme argument because clearly it is not.

Ohh, those who think that Bitcoin is a scam are certainly in big regrets while seeing the price start to move high. It was too late for them to realize as they had already given the opportunity but unfortunately, they don't have the courage as they are being obsessed with negativity and doubts.

Honestly, I'd rather be scammed to the thing that I know(Bitcoin), rather than got fall into something that we have been promised but nothing happen in the end.

So wait, the only way for you to feel that Bitcoin isn't a game, scam or ponzi, is for it to just keep going up and up and up? Stock markets and real estate, gold, every other legitimate asset that rises and falls, ebbs and flows, are scams?

I'm not a miner, speculator, and I'm still pretty happy with where it is. What does that make me, a patient ponzi supporter?

If the only thing you gained from Bitcoin is that it's not for you, though, least you came away with a powerful lesson.

It's an invitation to buy bitcoin that many people are sending out to the people out there. But if people out there just follow those words without analyzing, they could be stuck buying at high prices because bitcoin's current movement is getting wilder. The person who wins is the one who can buy at a low price and sell at a high price.

But bitcoin is not a big scam or Ponzi and if people think like that, it means they don't read more information about bitcoin. Besides, they must be just following other people's words without doing any research before buying bitcoins.

The irony being is that ponzi's allocate different percentage of profits based on the investors position within the pyramid. A good example would be fiat currencies. Those of print them benefit the most from increasing the supply. Those who are heavily invested, and/or require financial aid, receive a form of "dividends" when required (think 2008 crisis). Those at the bottom, suffer from the continued inflation.

Whereas with Bitcoin it doesn't matter if you have 0.1 Bitcoin or 1K Bitcoin. If price goes up or down 10%, the result is the same for everyone, not better for those at the top of a pyramid or worse for those at the bottom. If anything it sounds like the OP mistook this for a pyramid, thinking that if he invested 6 months ago, or 12 months ago when price was at $60K he/she would benefit more than those who invest today at $20K. Sadly for them, Bitcoin isn't a pyramid, so it's not necessarily a case of investing early means higher profits that those who invest later. Oh well.

Bitcoin is something we can not be excited for it price, because of the dimensions it takes for price speculation, we were expecting a bullish market that will get up to seventy thousand to hundred thousand (70k) to (100k) but nature of market retrace. So our expectations for Bitcoin to that particular prediction of yours should be next year.

There are a hundred or thousands of people who feel regret when they didn't invest in Bitcoin while it was cheap in the market from 2015 onwards.
Because they doubted it and suspected it of a scam, Ponzi, or what so ever relatively fraud project.
But in the year 2017 when Bitcoin is on ATH, everyone talking about it regretted they didn't invest while it was cheap, and might OP feel this way.

Just understand the possible risk and invest only in what you can afford are the common advice that you've heard but it's very effective.

it is 68k in 2021 and not 61k in that matter you are already wrong, and asking if how bitcoin is a winner? because it may not come that easy but in the future it will surely happen so the bottom line here is that bitcoin and its supporters are always winners.
if this is a ponzi then what are you doing here? why still here ? best to get out now and let us handle our system here because we knew what we are doing and if you don't then get out now.

Yeah I agree with you on the fact that only the traders had made good profit in this phase.
The ones who actually suffering are the long term traders, as still if they have bought Bitcoins at around 50k usd now they are very much down if we see the price.
But not to blame the Bitcoins also, as the long term holders bought Bitcoins to hold it for longer period of time. So they don’t need to show impatient, and need to wait more.
Soon Bitcoins will recover, but yes it will take few weeks or even months.

Let me guess: your net worth is something like $30, if not negative. And it pisses you off that many of us have profited from Bitcoin.

I know the story, when the price recovers you won't come back here.


I don't say it with as much certainty as you do, but I wouldn't be surprised if the worst is yet to come.

This has been the number one thing that I tried to explain to people and they ignored me. If crypto was a ponzi, it would have been gone already, it has been over 10 years since we did this and we shouldn't really be focusing on this at all. At the time ponzi was a thing that was used in many different places, and even today there are a lot of ponzi schemes all around the world, so I understand the fear people would have.

But it is like saying dollar is a ponzi scheme, or stock market is a ponzi scheme. Just because it requires people to buy and get into it, doesn't mean that it needs to be a ponzi scheme. I mean it’s so obvious that crypto isn't and never was a ponzi, it’s right there and it’s too obvious.

I might agree with the fact that traders got the V but miners? I don't think so because they also got some expenses and maybe there are some miners out there who are losing right now.

I also disagree that Bitcoin is a big ponzi. Care to share some of the proofs or opinions that proves that it is a big ponzi? Or it's because you lost a huge amount of money buying at the peak and now you are spreading some FUDS :P.

You might be right but you might be wrong as well.

It's your own opinion so it's ok but as for me, it doesn't matter if I will buy today or tomorrow or the next week. The fact that we are down by a huge percentage from it's recent peak is already a sign that it's a good time to buy. It might go down like you said yes but there is a thing called Dollar-Cost Averaging. As for me, I don't think that we will go down below $20,000 ever again. The one happened few weeks ago is just an extension of some investors who are panicking when they saw Bitcoin near $20,000 already. Good thing that it bounced up immediately.

Therefore, we should not be too hasty to jump into the world of crypto without having knowledge, what we have will be used by influencers,
and we will be wrong in making decisions. Although many say Bitcoin is a profitable investment, it does not mean that buying Bitcoin will
immediately generate profits. Of course we have to learn about Bitcoin, in order to know how Bitcoin works, after that we will understand
how to make profit from Bitcoin. Therefore, if there are people who immediately conclude negative things about Bitcoin when they experience
losses. This means that the person does not understand how Bitcoin works, and gets the wrong information about Bitcoin. Even though Bitcoin
if used properly can make us rich.

You won't get "wiped out" If you knew what you're investing into. You won't get "wiped out" If you have enough knowledge about Bitcoin's historical data.
Lastly, you won't think it's a scam or ponzi If you knew Bitcoin well enough.
Study how the market works and don't just rely solely on some random speculation. Some of those speculations were relevant, but you should do the research as well.

Well, I really see what unpredictable means, and you can't be sure that it drops more. How about if you were wrong and it happens that the market will pump, are you willing to take the blame for discouraging people not to invest? I couldn't see the term "Unpredictable" is only for the dump - we certainly don't know what happen next and by simply taking the risk, buying Bitcoin now is somewhat an opportunity, and besides, we can still buy more if ever it drops again.

Don't make it look like it's an abomination for people to lose out in business. Some will gain, some will lose. Remember that at every point in time during a market transaction engineered by the law of demand and supply, there's always someone at the other end of the line buying whenever someone is selling. Otherwise, there won't be a transaction. It's the same thing that applies to Bitcoin transactions. By the way, who are those who got wiped out? Aren't they still speculators/traders/investors? But of course, they're.

I don't believe someone can still convincingly tell themselves that Bitcoin is a Ponzi at this stage of this industry. Nonetheless, one of the important things you should know about Bitcoin is that it's not a get rich quick thing. I'm not saying quick riches can't come from it as one invests but one shouldn't bear that in mind while investing in it. If it happens, so be it.

You are right. Most people jump into the crypto world without knowledge and just read a piece of the advertisement from their social media accounts and start joining. They want to invest in bitcoin but use it the wrong way and it causes them to suffer losses. If they learn and seek more information about how to invest in bitcoin and when to buy it, they will know when it is and will not buy it at a high price. The current price looks good enough to enter the market but if you just enter without doing any analysis, there is a good chance you will enter at the wrong time. So make sure you analyze beforehand to know when to enter the market.

The current BTC bullish speculators might be yelling "buy buy buy!", but the bearish BTC speculators are yelling "sell sell sell!"  ;D
It doesn't matter if it's bears of bulls, just don't trust the speculators and make your own research. There's always going to be noisy speculators spreading extreme over the top "to the moon!"" bullish nonsense or doom & gloom "Bitcoin is dead" FUD nonsense.
I just ignore them and keep HODLing.
If you feel butthurt about the BTC price being below the 69K ATH you should bear in mind that the Bitcoin price is moving in "boom and bust" cycles. This is the sad reality and we can't expect the Bitcoin price to go in only one direction-up.

They were smart enough to know that an increase in the price is what attracts those who are fake coiners or those mainly enters when there is a positive thing that happens and then leaves immediately when there's a decline or any negativity in the market.

A wise bitcoin investor won't buy in an instant but they will research btc first if what is its mechanics. They will still buy at this point since they know that the price isn't highway yet since its last ath and they will learn to hodl it if ever there's a decline that will happen. Obviously they will know that btc is not a scam or a pyramid scheme but some can think of it due to how this system works.

Actually even you're bought at the peak and still hold until now, you're not wrong if you're using an amount afford to lose and still not sell your coins. You're not losing anything since it's still an unrealized losses, who knows if you hold for 4-5 years more, Bitcoin price will make new ATH and reach $100K? This is same like Bitcoin ATH was $19K on 2017, after Bitcoin price start recover and hit $19K again, many people who bought at $19K isn't a dumb person. If they're still holding their coins, they're still profit around $1K.

Nope, it's not a scam and this isn't a game.

What ponzi is, when bitcoin goes to zero after going all time high. Well, did it go to zero? Actually yes, and it went zero from those people that don't even hold bitcoin.

They keep telling that bitcoin will go to zero but look at how much it went during the all time high and how much it is right now.

I think it's simply people wanting to attribute a reason for Bitcoin's considerable price increase over the past 10 years. Because ponzi's often have similar enormous growths, then it's assumed it must be one and therefore it's the easiest label to apply to try explain to those who don't know any better why Bitcoin will fail. The irony being that we've seen crypto ponzis in recent history; Bitconnect and Luna for example, but their monetary policies are nothing like Bitcoin. At least these days compared to 2018, or 2014, there is a lot talk of it being a ponzi as there never was much of an argument for it in the first place.

The idea that ponzi is a business and not a currency, is the only thing enough for it for sure. I mean we are talking about something that is a business idea, you give money to someone and if enough people do then they will end up getting paid monthly, and then more people will join and so forth.

This means that there needs to be a centralized organization that will distribute the money like that. But in bitcoin and any other decentralized coin, that type of organization doesn't exist and we should be feeling fine since it is not going to be a ponzi with someone at the top, we are going to have decentralization. Meaning if we lose money, we will do that together as well.

Bitcoin is a scam or ponzi kind of line is to those people who had been fucked up by the market very hard.If you've been here on this market for a while then you wont really be definitely saying up these things.
Price is never been predictable on the first place and if we do consider on checking out the history or past events then it is  something that cant really be make up some pattern or you could make use of the
same analysis but you could definitely see on how potential the market would be in speaking on bullish runs which is something that most people been keep an eye on.Price fluctuates and pumps and
this is where people do make out money which is on volatility.If you cant bare up that kind of movement then this market isnt really for you.

this we don't know. as no one knows the future, we are just speculating on what may possibly happen to the bitcoin market few years from now. but for those who are holding and not selling, of course, they are not losing. you will only lose if you sell lower than your buying price.
the hope is still there to get back where we achieved the ATH or even more because there are more and more people that are going into this industry. more known companies, institutions or individuals are joining in this market. if they feel that there's no future in this market, i would say, they won't even touch this market to invest.

They are wrong if they think of the bitcoin system as a ponzi. They don't see bitcoin moving year after year when the bitcoin price is down like this they can't afford it.
Currently bitcoin is at a price of $ 20 thousand and will probably fall below $ 20 thousand again and that is an important moment for us to buy more.

People's understanding can indeed change every time there is a big movement in the market, especially bitcoin. And that's what some people really want. Therefore, before entering the crypto market, at least first understand how this market moves, because the market does not always continue to be bullish and there must also be corrections made for the market to make it look healthier.

And the good thing is that bitcoin is still on the $20k'ish, yesterday it went down below, but it was just short as speculators started to buy it again and we are up on the support line.

So the opportunity is still here with us, it is trading sideways maybe till the end of this month. For others who had the money and capital, don't wait till we see the floor because no one really knows what that price will be. Just buy right now at this price at we might not see this chance again.

I don't want to take any risks at this time, the Bitcoin market is very confusing today Bitcoin is already at $20k, you are told to buy at $21k, who takes the risk for further declines.

I will see the development of the Bitcoin market later this year, if it hits $10k at that time I pour it all in Bitcoin.

A bitcoin investor will not rush into buying bitcoins because he will make sure everything goes according to his plan. Even if something goes wrong with his plan, he will not panic and will still be able to adjust himself in buying bitcoins. His observation of when the price of bitcoin is falling plays an important role in determining the time to enter the market so that he can buy at the right time.

When the bitcoin price drop occurs, they start doing research but if the price becomes unstable or fluctuates more often, he will know what to do.

That thought is acceptable but not for people who are not real investors because they are looking for short-term profits. If we are real investors, we can buy bitcoins at any price but it would be even better if we can buy at low prices so that our time in waiting for bitcoins can be calm and will not panic.

Bitcoin price could reach above $100k but no one knows when that could happen. And if we can buy at a low price, we can relax for a while enjoying the price movement and can buy again if the price drops again. It will all depend on the strategy of each person.

it's happened at least 4 times when the bitcoin price dropped below $20k then within 3 days or less it returned to $20k, even less than 12 hours it skyrocketed more than 8%, anyone who knows bitcoin for at least a year will understand this so Whatever happens, don't panic.

They are not only inexperienced in the market, but also greedy, investing in bitcoins and hoping to get rich in the blink of an eye, and they have paid the price.

Bitcoin will be a scam and a ponzi scheme for those who are inexperienced and lose money because of their greed. And for those who know their mistakes and learn their lesson, when the market goes down, just buy and keep buying, bitcoin price drop is an opportunity for those who want to correct their mistakes.

It has fallen to $18k and $19k.

These people will only change to say that bitcoin is a ponzi when they own a bitcoin. They will understand the concept of it and the technology that it has because the value of money is on it.

But, we don't need to be thinking of them while we just keep on going because eventually, they'll be left behind when the bull comes again and the price increases.

What other product do you use where your only interest and judgement is the price going up.   Please move to my rental property and I will happily increase the worth every month in my favor, you can tell everyone how expensively you are living it will be quite a thing I guess.  Reality is usage and utility matters first and foremost always, the tag on the item is secondary.

Try forgetting about the price every now and again, the amount of bs thrown around when its actual usage that counts.  If ever was needed an explanation why BTC is so volatile its the army of people with manic tendecies switching from hype and 'the moon' over to the opposite gloom doom boom constantly cycling.
  Obviously we have too many speculators not enough users, all that matters is increasing actual population, holders no matter how big or small and actual usage across the world.   If utility is increased while dollar melts in the acid rain of constant politics deficit spending, the price is going to go up.  Stop worrying about it because its quite reliable that actual responsible government and budgeting is not happening this decade or the next so BTC appears like a saint in comparison the price will be fine.
  If it was flat 15k or whatever for years it wouldnt matter, BTC works it does its job theres no benefit in overreaction you will gain if you can steady your view, this panic alone explains itself that the price is just reflecting people bidding not value varied.

And it's gotten to $20k again.


There will always be skeptics for every new technology, remember internet? yeah they say that it will not succeed and that it is too expensive. But look at where we are right now, even bit of the planet has internet now. So this might happen for bitcoin in the next 10 years.


It's a cycle, give them their space and attack bitcoin, but we all know by heart that the bull run will eventually comes back and then this negativity will be quiet again and those individuals will hide under the rocks for years.

We really shouldn't panic to see the price of Bitcoin drop to $18k, because previously Bitcoin has dropped below $20k, but always managed to
get back up again above the $20k price. That means Bitcoin has a fairly strong support price, and we must be optimistic that Bitcoin price will
recover soon. Therefore we must be calm in the face of the price decline that occurred in Bitcoin, even if we still have the capital to buy Bitcoin,
it would be better if we continue to buy Bitcoin every time the price drops. So when the Bitcoin price recovers we already have enough Bitcoin
to sell and can make a big profit.

Yeah, just show bitcoin's massive fluctuation and as we go back to the support line of $20k. So if you panic and then sold when you see $18k, then you lost the game already.

And another good thing is that we are nearing weekends, so trading might slow down, at least at the start of a new month, we are in the $20k range. Lot of room to make at least the next barrier of $22k this July. And as usual, if you have the money then this is the perfect time to buy bitcoin because the price has decline so much that it is considered cheap at $20k.

Whatever happens to the price of bitcoin I am always optimistic that the future of bitcoin will be bright, we are in a bearish zone and I think this is a good signal to buy, don't hesitate to store bitcoin in a private wallet and what we do next is wait for bitcoin to rise and sell if we feel we get a big profit.

I put a coinbase on my Android and there is often a price notification up or down, and today the price of bitcoin rises more than 7% in just 4 hours, this proves that investors are waiting to be able to buy at a cheap price, then why we still panic when see the price of Red? The best opportunity to buy.

Unfortunately, some people are quite frustrated with the current Bitcoin price movement, because the Bitcoin price is moving steadily at a price of
$20k. In fact, to be able to make a profit on Bitcoin we do have to be patient and sometimes it takes quite a long time to be able to make a profit.
So if there are people who still think that Bitcoin can generate profits instantly, that person is getting the wrong information. Because Bitcoin is
indeed effective for long-term investments, so instead of being tired of thinking about when the Bitcoin price will pump, it's better if we just focus
on collecting as much Bitcoin as possible. Moreover, many people agree that the price of Bitcoin is now very low. But there are still people who
delay buying Bitcoin with the excuse of wanting to wait for the price of Bitcoin to drop even lower. Whereas based on my experience in the crypto
world, delaying buying Bitcoin can make us regret it, because we can miss the opportunity to buy Bitcoin at a low price.

I believe that the only winner here are people like you who offers web development and seeks payment via crypto lol.

why not just focus in your service thread and stops here lol.

You are the only one that feels that because your intention is simple , to  seek attention here so your  services will be in place and will find at least willing to have you and pay lol.

Well ... you might missed the flash sales a couple weeks ago and possible missed the next flash pump in the next a couple hours ... as i can seee it , the bullish line has started to formed and things gonna be a green zone.
Do your own research and you will never feel like bitcoin is just a game of money / ponzi etc.

Go buy some more now before it's too late and you can only become a speculator all the time , do become an executor!

I think that although there is a little bit of Bitcoin price movement currently in the $23K area, the current price movement doesn't have the potential to be an important enough area for significant gains. It's better not to rush to buy and stay careful in the market situation is still not stable, don't panic too. It would be wiser to wait until we see indications of a bitcoin rebound.

I admit that the sale price is now gone, but I don’t think BTC will rise suddenly from now point of time.
So if anyone had missed the opportunity of buying the coin at 17k usd, then this is the perfect time. Just buy as many coins as you can,as once Bitcoins catch the pace, it won’t stop.
Currently Bitcoins will struggle under 25k for one or two weeks. So it would be better if you buy it now and hold for a couple of months. By the end of the year, definitely BTC will reach upto 50k usd.

I'm not sure about $50k and we don't have any assurance. We can't also assume that everything will be fined in the coming days but for me, and based on its current market performance that is somewhat impossible nor we can see a huge pump this year. I couldn't say I was right but as we can recall and check back on the previous bear season, it never ends in just a year but it extends to more than a year.  

Well, it has been said that nobody knows what comes next.

The bitcoin price has returned to $24k and hopefully, the price can continue to increase upwards. For those who bought bitcoin at yesterday's low, this is an opportunity to take profits but if they still want to keep it, that's up to them. But it looks like it's an uphill battle for bitcoin as the price will probably keep going up and down from $23k to $24k. Hopefully, this month, there will be a lot of good news for crypto so this can be a trigger for bitcoin to start rising and get rally.

At this point anything can happen, a price increase is not out of the question but at the same time things could get worse as the economy is not reacting in the way governments projected, and while bitcoin should in theory do well when the mainstream economy is not doing well, at the same time we all know that many people that are invested in this market are also invested in stocks so we are starting to see some correlation between the stock and the cryptocurrency market.

its really obvious that you're frustrated to win in bitcoin. Lol  to be honest with you i've been on your situation mate but hopefully my eyes now are open how bitcoin really works. but sad to say i don't have enough capital in order to have a good return afterwards.  ;D
If i were you try to learn more so that you can gain more information.. Stop complaining!  Because it's all about being knowledgeable and have good skilss.. So better educate your self first.

That's right, don't get too excited seeing bitcoin and the market reacting well in the past few days. I also want to emphasize that there has never been a bear market that ended in the short term before.

The current market depends on the world economic situation, they are interrelated. Inflation has dropped in the last few months and we are seeing some positive signs but keep in mind that inflation is still high so bad things can still happen. It's too early to say that bearish is over.

Yes, that's true but unfortunately, at a time when the mainstream economy is not doing well, many people are also not too sure to invest in cryptocurrencies because news released by the government provokes them. But with bitcoin starting to increase in price and now being at $24k, it can give them hope that bitcoin is starting to move up and they can keep their bitcoins and not be affected by the situation in the stock market or anything else. We can only hope that the situation for bitcoin will continue to improve and improve again so that more people will join bitcoin.

This is not a good speculation, even though Bitcoin has now touched the price of $24k, from $20k, this is a trap and trading strategy, many people are falling into the same hole, be patient and see how the market develops later this year, what happens, be yourself alone.

I can't say 50k will happen neither, but I can't say it won't neither. By the looks of it there is a good chance bitcoin could be going very well and I believe that we are going to end up with something very good when the time comes and that could be 50k. How could we know that it won't be that good? I am not arguing that it will be, all I am saying is that we can't be sure that it won't be neither.

So, I am getting ready for a bull run, worst case worst, the price will go down a bit more, and I will just buy some more and wait for it a bit longer to reach higher prices, but if I am right then I have enough bitcoins to be happy when the price goes up.

If you know how to take advantage the situation (either bearish or bullish market) then you will benefit from it. Everyone has the chance to win but it depends on your strategy and decision because there's always a way.

If you experience to gain from investing in Bitcoin (or crypto in general) you'll never say its a scam. Its just that it is high volatile and if you dont know how to go with the flow then its unlikely for you to earn.

I have confidence that Bitcoin will not return to $50k this year, because for the price of Bitcoin to rise above the price of $25k only Bitcoin
has difficulty and always fails. This means that we are still in a bear market, so don't think too much about when Bitcoin can return to
the price of $50k. That makes us worry and hesitate to buy more Bitcoin, rather than speculating about the price of Bitcoin. Why don't
we focus on collecting Bitcoin, it will be much more profitable to do.

Moreover, if there is a surprise Bitcoin suddenly pumps to the price of $50k, at least we already have quite a lot of Bitcoin. Indeed,
Bitcoin movements are volatile and difficult to predict, so often Bitcoin moves not according to our predictions. That's why we should buy
Bitcoin gradually, and never be afraid to buy Bitcoin too expensive. Because the history of the Bitcoin movement proves that Bitcoin is
always profitable if it is an investment for the long term. So we buy Bitcoin at any price can make a profit, most importantly after buying
Bitcoin we can be patient waiting for the price of Bitcoin to rise, and never sell Bitcoin at a low price.

wrong because after that 21k bitcoin starts to lower and drops to 17k so if someone followed your advise? then they have lose on that month though this month if recovers and made to almost 25k again.
not because we thought it would come meaning we need to lure people because remember that after failing then people might blame you from giving wrong speculation though indeed that we must be responsible to our own investments .

I'm still enjoying Bitcoin Trading at the moment and I don't think it's a trap, because I can still profit from Bitcoin price fluctuations in the market for now, although I'm also still saving some of it for the future. Because I am still very sure that the price of Bitcoin will be much more expensive than now. indeed being patient is a good key, but trading is also not a bad option at this point.

I don’t see here any trap, if your willpower is strong enough.
Just remember the thing that Bitcoins are “limited” in supply.
So a time will come when the demand of the coin will be sky rocketing, and at that time you will regret that not buying or holding any Bitcoins.
I guess it won’t be any late or any harm if we buy the Bitcoins at 30k usd also. As after 2 to 3 months you will see the real value of Bitcoins.
Just be patient and hold your coins.

People are not the same but some are scared and think there's still a trap because this is what they observe last time but some think's this time will be different. Well that can be true because bitcoin can't be like this forever but we will come to a point where its value can fully recover and make new all time highs again. Buying bitcoins at 30k is late but not totally because that was only half of what btc have lost.

Remember its last highest price was over 60k so it's still possible for us to times two our invest in case it returns on that price but there is no way to tell if the recovery will happen around 2 or 3 months. It can be longer or shorter than that.

Bitcoin is currently trading in the $24k price range and if people are buying when the price is in the $21k area they will be very lucky right now. However, even though the price of bitcoin is starting to rise, it seems that it will be difficult for bitcoin to reach the target price of $100k this year.

We need to forget about reaching six figures during this year, it is simply not going to happen no matter how much we want it and as such there is no point thinking about it, a realistic price for bitcoin at the end of the year is 30,000 dollars and even then it is not going to be easy to reach that price because there are simply too many things happening around the world right now which are not positive not only for bitcoin but for the economy in general which are going to make that recovery very hard.

This is because you do not understand the nature of the market well, Bitcoin is not a fraud and not a Ponzi, but this is the nature of the market, everyone is trying to take advantage of the decline and buy large quantities and wait for the rise, whales press the market greatly to get large quantities at the cheapest prices and then pump the market to sell at a high price and make profits , This is the nature of the market and this is normal to happen in any market not only in Crypto, so Bitcoin is completely different from all of this.

Of if people have bought a lot at the lowest low of $17,500 for sure they are all happy now because it has been going up to almost $25k for certain time.

As for $100k this year?  Not going to happen, certainly, we want to see the price going as high as 6 digits, but with the current conditions I not seeing it this year. Maybe when the market goes into the bull run already, but as of now, we will be glad if market bounces around $25k-$30k levels.

People should put some limits to their ambitions, bitcoin is unable to surpass the 25k resistance level and some people actually think we can see 6 digits during this year? It is simply not possible, we should be happy if bitcoin is able to remain close to its current price during the rest of the year, if it can do that then at least we will not have more people selling their coins victims of FUD and the permabears which keep spreading misinformation about this market.

if it is to reach $100K this year, it seems difficult for bitcoin to be able to do it, because it is clear this year there will be no renewable ATH and will remain stable in the $20K-$35K price range only. next year alone, it's probably going to slow down to increase, and it won't hit $100K either.

had decreased to $17,708.62 last June and if it was when it bought, then at this time the price of $23,464.09 clearly got a very good profit, but probably wouldn't expect it to increase that fast, many also predict prices below $20K will be long enough occur.

I agree with you mate, that it is very unlikely that bitcoin this year will create its newest ATH, and it will probably be possible after the halving occurs, so it's still quite a while. next year won't happen either so stay patient and stick with it for a long time.

it all depend on how you look at it and how is your plan from investing , becaus eif you are only aiming for shorterm and east income? then bitcoin isn't for you mate instead this is not what you need to support but altcoins.

we can buy now and sell in the coming years? then that is when investors will win and not those miners that you are calling ponzi or manipulator,

don't be too FOMO when the bitcoin price is above $22k,
in my opinion if it's still below $25k then the BItcoin price will still continue to be bearish and look for a lower low,
just wait for the time, but if the bitcoin price enters the $25k area and above,
then the potential reaches $30k can go a long way, my advice don't FOMO.

It seems that in this month it is difficult to see the trigger for bitcoin prices to continue to rise. After the bitcoin price had risen to the $24k area the last few weeks, but now bitcoin has weakened again where the bitcoin price has fallen back to the $21k-$22k area. In the current market situation we should not be rash to buy because the price of bitcoin still has the potential to fall even further.

Yep, when we thought that the market just rest after going down to $23k, now it continue it's downtrend and we may hit $20k again. So it's very hard to see that this month might be a green candle again if this trend will continue in the next two weeks. The question is, what trigger another set of sell off in the last 24 hours? We've been so positive in the last 4 weeks and so again it baffles us, seeing the price going in the $20k'ish and it will take a lot of time to bounce back again.

We need people like OP to know that we're deep in the bear market, at the lows or very close to them.

When people start calling bitcoin a scam you know they lost a lot of money and this is called a capitulation event for a reason. It's always the same every time bitcoin corrects. You think Apple or Microsoft did not correct? Now you look at stocks and see a straight climb up but zoom in and you'll see how many times they were going down and people were selling not knowing what the price would be when all the scared cats sell and there's no more sellers left on the market.

We need exhaustion to climb back up and OP is exhausted.

Just a few days ago people were thinking about bitcoin surpassing the 25,000 level and the possibility it could go up even further, but in just one day those hopes have been crushed, but that is just to way bitcoin moves, it seems that people do not really learn from history since it was obvious that such movement was coming and now that the price went again very close to 20,000 level then I would not be surprised if the bears are strong enough to push the price to go even lower than that.

The lowest price area for Bitcoin today is below $21K although it hasn't reached $20K yet, but if you want to buy in the $20K price area I think there's no need to be afraid and it's also not considered a hasty thing because an increase in Bitcoin will always exists as long as one can be patient and wait for another increase to occur in Bitcoin.
So try to buy as much as you can gradually when the price is declining because it's much better than someone buying when the price is rising.

^ merge your post into one bro. If not, they might get deleted for the double post rule.
Anyways, after 2 months, we're back to square one again now. BTC's hovering around 21k and doesn't like it'll make a break away from that price anytime soon. Wonder if anyone invested in BTC 2 months ago at 21k: Do you guys still holding it, or has cashed out at 24k? Things like this reinforce my mind that you shouldn't hold altcoins for the long term when the market is bearish.

If you think that Bitcoin which is driven by purely supply and demand is a scam and a big Ponzi scheme then you must also say that all things on the market and stock exchange are pretty much a Ponzi scheme since they are also driven by supply and demand.  If you wanted to take advantage of the Bitcoin market, you need to consider your intention and why you are buying Bitcoin.  If your goal is simply to get a profit in a short amount of time I think investing in bitcoin won't meet your expectation.

Looks like we're getting a weekend dump.  Seems pretty standard for when the price is meant to be lower to selloff at times like now.  This is most likely selling to get ahead of the mtgox coins as there isn't a huge incentive to buy here.  The pain could continue for a few weeks so strap in.  Once the smoke clears though it will be off to the races so if you've been sitting on the sidelines it's time to start thinking about your entry price.

As many people speculate about major sell off once Mt.gox coins will be release provably we will experience some dumping because I think people think about that this will cause a dump. Let see if we can see this one can cause a continuous dump for more weeks since once there's some event to cover up this fud for sure people will forget about it and start accumulate back again.

I was out for more than 24 hours and haven't check at all, but I was surprised to see a weekend dump, and not sure what is the reason for the current dump. Maybe it was really has to do something with the Mt. Gox coins or just manipulators trying to ride with that news and obviously influencing others to sell so that they can buy it cheap again. Usually weekends is very slow nevertheless we are in the boundary to go below $20k again. Hopefully we won't and the support will currently hold.

But at least Bitcoin had passed 25k even just in a day this is a one big recovery for how long we have been dumping continuously  and also basing to what is the movement of  market and bitcoin?
maybe we are coming to an increase mate.
very difficult mate , 100k just from the previous bull market? for me according to the previous years ? bitcoin is hardly to come in this high because it may happen just every halving season.

Lets look at the bright side mate , and that is the chance to buy once more with so much cheaper price.

Seeing that the current crypto market situation is still in the red zone, we really don't need to be afraid to buy while the bitcoin price is still low if we can hold it in the long term until bullish momentum occurs again in the future. However, even though the bitcoin price has not yet reached $19k, we can be patient and wait to buy at that price because it is possible that the bitcoin price has the potential to drop to the $19k area, moreover the selling action is still strong in the current market.

We've been dropping to $19k again, and so yes we are still in the bearish cycle and I think it can go like this till the end of the year. You can't fault those people who are nervous and panic and sell during this time, because they are afraid of further down turn resulting in their portfolio getting red.

But there are a lot of smart investors who take advantage of this sentiments and continue to accumulate bitcoin. Maybe that is the only thing they known. regardless of what the market offers to them, they will used the strategy of DCA every month amassing bitcoin in their wallet.

the bear market is sure to last, it won't end as soon as people think, panic selling is still going on and this is mostly done by newbies, weak hands, it really doesn't make sense to sell at this point but unfortunately this has happened

the lower the price of bitcoin, the more panic the market is and that is the target of the sharks, they like it because they have a lot of money and can buy bitcoin at the cheapest price

It's hard to know for sure what triggered the intense selling that caused bitcoin's price to drop again in recent days. Therefore, seeing the bitcoin price currently hovering around $22k, it seems that the bitcoin price has the potential to go down again and move to the $20k area at the end of this month.

The price of Bitcoin is not something we can predict exactly the price. Because this price we are emphasising on, or lamenting every season, do we realize that the price of Bitcoin either it's on falling situation or rising situation, it's determine by the market condition. Actually the demands and supply in the market is what triggers the rising of bitcoins in market, and secondly i believe that when the demand is high the price of bitcoin will rise and when the demand is low the price of bitcoins will fall. And we have to observe this, that whenever we are fast approaching December the price of Bitcoin do rise

And then there is the factor of news, FUDs that have affected the market in a negative way.

The inflation report has just been released, Sept 13 and it didn't looks good at it put a huge dent on the market price, plummeting 10% pulling down the price to low $20,000 when we are just making a huge rally because of the ETH merge. Hopefully we can at least get back to our feet and reaches $21,000 before the end of the week so that we can make a run before this month end and closes on a positive candle.

These are the reasons why I don't see Bitcoin going higher than $25,000 or maybe $30,000 this year.

Lots of negative news, lots of factors that causing the price of not only crypto market but stock market to either fall or remain sideways. Inflation still high and ETH merge might pump Ethereum and maybe other coins, but only in the short term. $21,000 to me seems achievable since we hit that price already many times, but right now, price of Bitcoin is now at the $20,000 price again after reaching the $22,000 price, dropped by almost 13% in a single day. The daily chart shows a green candle though so maybe we might see Bitcoin go up slowly again.

Yeah, just a single negative news will wipe out everything that we work, so from $22k to $18k because of the CPI report. And then we close the month just a shy above $20k. We have been trying to break $25k and yet we always failed because when the price is on a rally, suddenly one FUD will pop out, stopping our momentum.

So now we will enter a new month, and historically this is not a good month in a bear cycle. So I'm not seeing the price going higher than $22k and it could be another sideways for the rest of the month.

For a weak coin maybe, because investors of those coins are mostly people with weak hands but for stronger coins, I don't believe they can be wiped out easily only by just a single negative news but in fact supporters of those coins are excited as they know that some weak hands will panic sell and they will just acquire those sold bitcoins for a cheaper cost.

I can't remember that there is a fud last time by the time btc is raging up to $25k but what can I only see is the excitement of the people which leads for some to continue buying but unfortunately that isn't enough to push the price up to $25k and beyond. October might be a bad month for you but $22k is not hard IMO. It is still possible for btc to get there.

without any motivation from speculators bitcoin will skyrocket naturally, this is a natural factor that occurs due to demand and stock, it is impossible for people to miss the opportunity to buy at prices below $20k like now, moreover the potential for bitcoin is very large to rise soon.

The popularity of Bitcoin is now very high, so many people are familiar with Bitcoin. In fact, many investors have realized the importance of
holding Bitcoin until the bull market comes if they want to make big profits. So I believe any bad news that emerges will not affect Bitcoin's
performance too much. As you said only weak hands will panic and sell Bitcoin at low prices. While people who are experienced in
the crypto world as well as people who study Bitcoin well, I believe they will be optimistic about the future of Bitcoin.

Although Bitcoin has always failed to rise above $25k, and historically October has not been a good month for Bitcoin. This does not mean that
we are pessimistic about the movement of Bitcoin, we have to remember that Bitcoin has a high demand,  and also the movement of Bitcoin is
difficult to predict. So there is a possibility that the Bitcoin price will go up in October, so I hope we stay optimistic. But if the Bitcoin price is
sideaway this month, we don't have to be disappointed, because indeed to generate large profits from Bitcoin we have to be patient holding Bitcoin
in the long term.

when I see a thread with that title and then I look at the current price, honestly it makes me iri a little, I know you shouldn't laugh at other people's misfortune, but it's that there are advices that we shouldn't give to other people, let's imagine that there were many people who bought bitcoin with the price above 21000$ because they listened to the OP's advice? today the price is at 19000$ and no doubt that someone who bought at 21000$ today must be feeling pain, and if they don't have more money to buy more bitcoin at this price of 19000$, that person is forced to have to wait for the the price arrives and more than 21000$ to make a profit, it's an irritating situation, I know that for those who do hodl for years, you may not feel any discomfort at the drop in price

What does ponzi, scam have to do with a bear market?
You cannot associate the bear market occurring in the crypto market with ponzi. Ponzi is a real scam. While bearish is a crypto market condition with a downtrend, because there will be an uptrend called bullish. If you think bearish a scam, then when the bull you will say the fairy is rising. You have to study the history of Bitcoin a lot so that you gain knowledge about Bitcoin.

Seems like the OP's thinking is still so limited that it's so easy to link three different things for an obscure purpose. Even though the current price decline in Bitcoin is normal and has also happened in the past and has increased again after the completion of the bearish period. As for the Ponzi issue and the Scam problem, they are two different things that also happen to certain places or programs whose origins are not clear.