Bitcoin Forum

The current price of Bitcoin is hovering around $18000. Just pumped a bit today. Bitcoin price has been using $1700 as support for the past few days.
Could the price of Bitcoin fall further?
What do you think about this?  

I think that if it has been in a sideways market, the next step will not be a decline but an increase.

I predicted that eventually Bitcoin will stay for some days at the $15K level but I was wrong because the arrest of Sam Bankman Friend in the Bahamas became a big good news for the crypto industry hence pushed the value of BTC to where it is now...bad news for Sam and his minions but stimulating good news for Bitcoin, for sure. I am still wishing for it to go back to $16K zone because that is where I sold my little BTC but I think I am in for some more pumps in here. So I am a little bit frustrated for myself but am happy for Bitcoin.

The price can always fall further. A better question would be — will it? And unfortunately, no one knows. Only time can answer your question.

Where you see it? Bitcoin price never touch to $1,700 since 2018, I will bought all of the coins if you're selling for $1,800 you can earn $100 every coins you sold to me :P

Don't overconfident Bitcoin price will start to increase and wouldn't dump again, there's many bull trap during bear market. We haven't enter 2023, so there's a big chance the bottom of Bitcoin is still not yet happen. But Bitcoin price definitely will recover on 2024 and would make new ATH on 2025.

It was an obvious typo, he meant $17000.

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Whether price could drop further, of course it can but whether its going to happen or by how much no one really knows, and those claiming to know are full of bs. If you are trying to figure it out because you are not sure whether to buy bitcoin now or wait more, I would advise you to try DCA. That way you will stop trying to time the market (which is impossible anyway, unless dumb luck) ) and instead focus on acquiring bitcoin.

No one knows where is the lowest bottom for Bitcoin.
No one knows when the lowest bottom will be touched.

The next halving and its consequent bull market, will be in 2024 and it has one more year until May 2024. It is too soon to say $15k is a bottom of Bitcoin. Many things can happen in more than 15 months ahead.

Like in 2020, March, Bitcoin crashed to below $4k in surprise of all people who believe $6k is the bottom for Bitcoin before 2020 halving.

Why everytime Bitcoin experience short term price rally a thread like this always pops asking if the price is already at the bottom? It's not necessary to buy only at the bottom since it's very to predict and determine unless the price is already on the bull run to confirmed it. There’s still a lot of uncertainty and doubt on crypto which means there's still a chance for a possible price downfall.

If we can analyze carefully the price history of Bitcoin. Another strong bullrun will occur right after the strong bearish market occur because people will always be scared on buying if they can't see the price suffer terrible loss. The current price loss from ATH is still not enough percentage wise compared to the last cycle when covid hits.

Bitcoin price is challenging to predict, and let's remember that we are still in crypto winter, so it should be no surprise that the price continues to fall.
Bitcoin has declined this year from $69,000 to $17k. Don't just because of a small rally, bitcoin only increased by more than 4% and we rushed to celebrate and believe that bitcoin will not fall again. I know we've had a bad year, especially for those who haven't seen a market crash in previous bear seasons and we eagerly await a bull market to quench our thirst, but we need to be careful not to be fooled by the price trap.

If you talk about Bitcoin bottom than nobody knows what could be the bottom of Bitcoin but still according to analysis and previous patterns, we can only guess.

According to previous bull runs and also corrections than btc has been corrected for than 80% and still it needs to correct more of almost 20%. So it can go upto 10k dollars and we do not in what time it will come but for sure it will come. And also you can buy at any time and hold for longer term to get maximize profits.

forget using the market price or the market history of prices to find the "bottom"

the market is the speculative premium of sentiment that sits above the bottom

the source of finding a periodic bottom is in the methods of sourcing bitcoin at the cheapest way on the planet.
this is OTC and mining(most efficient industrial scale mining on the planet).

work out that price and then you have an idea
these efficient industrial mining sources of the lowest cost bitcoin this year do not play to daily market price whims. they set their average cost over a 6-24month contract of electric and mining hardware

so cost out the mining by a 6-124 month scales  to get a better underlying value where everyone on the planet would refuse to sell below(at a loss)

enjoy

good hint
these efficient industrial scale miners have electric purchase contracts of 6month-24 months. meaning they are still rated at the 2020-21 low rates. we all know electric in 2022 is raised so future contracts that are being renewed will come at a higher cost.
higher cost=higher base value which then pushes the speculative premium of he market sentiment above the value, up

Yes.
As we know, bitcoin's volatility has always been there and it will never change so the possibility is always there that bitcoin might even fall again under $17k.
There's no guarantee that it will be staying at the top like now because we're seeing that it's starting to increase again. But, despite that, you'll never be sure when the drop will come all of a sudden.

We have been obsessed with foreseeing where the price will go for our investment to grow for which we will always ask bottom and ATH. Different users and the question have been asked countless times and although there are predictions with charts promising it can not go back to $16k back when the price hit $21k, the prediction failed.

No one could possibly go unless it already happened. The only chance to make sure it can possibly skyrocket again is when the halving is close to its date.

No one knows. Time will show you.

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I use the easiest system for me to do without bothering analyzing chart patterns. Maybe this can be a reference if you don't do short-term trading. If the price chart becomes more and more red, that is time to buy. If the price turns green and gets higher, that is time to sell.

This is just another speculation. There’s no guarantee that $17k will be the bottom. If there will be another big bad news like the FTX, most likely the market will go crashing again.

I think this will just be a short term pump before it starts to correct slowly unless another big bullish news that is coming anytime. This is just my own opinion.

Anything can happen and bitcoin could fall back below $17,000 depending on how the market feels and the influence of the manipulators.

Currently, the price of bitcoin is getting stronger, to find out in more detail whether bitcoin continues to be bullish or will fall again,
you can use technical analysis, which will describe where bitcoin will go.

But one guideline for me personally, is when the next bearish market will certainly be bullish, you just need to be patient.

You waiting for the lowest price to buy Bitcoins? Then let me tell you mate that you are making a huge mistake. I mean if you greed for more and wait further, then definitely you gonna miss the best price segment to buy the Bitcoins. Then you gonna really regret on this decision. If you are able to purchase Bitcoins anywhere below 20k usd, then consider yourself lucky. Don’t think of anything else and buy as many Bitcoins as you can in this cheap price. Once Bitcoins start pumping, it won’t stop. So buy now and enjoy profits later on.

Somehow, it doesn't seem to me that the OP is asking that question because he wants some kind of meaningful answer, because in the end, who can know where the bottom is? I would not be surprised if by the end of the year the price is even $20k, but also if after that a new crash of 20% happens again.

Everyone has the right to wait for the price they think will happen, even if it's $10k or some other low number. However, considering that the last ATH was around $70k, anyone who says that it is too expensive to invest in Bitcoin today has problems with elementary mathematics or some more serious problems. I think that all of them always have some kind of regret in their subconscious that they are not some kind of early adopters, but what is the use of that?

Why do you really get disturbed over the bitcoin price or is there something specially you wanna do with the price?
Most at times i got provoked on how they kept asking on the price, why that why this and when this when that, same questions would come again whenever the market gets high still repeat again to ask about when bear. The market has been at the lowest part which i think is actually a pretty cool time to take advantage and make your investment considering the previous ATH, lemme just break it down to you that non would give you the exact answer of bitcoin movement because they will keep speculating about the price which are not 100 percent correct.

I agree with you. It is better not to think about where the bottom will be and buy if possible. The price has been falling for a year now and even if it continues to fall for a while, it will not happen all the time. Now everyone has a good opportunity to invest and profit in the future.

The bitcoin price could fall further than yesterday and that is still possible unless, after this, the bitcoin price rebounds and increases rapidly and returns to the $20k level or even more. I am okay with the bitcoin price dropping again because that is another opportunity that I can get to buy bitcoin at a lower price. But if the bitcoin price continues to increase, it is also an advantage for me because I can take the opportunity to sell some bitcoins and make a profit. You don't need to worry if the bitcoin price decreases again because the price will increase again.

Maybe Bitcoin will crash again and maybe bitcoin will grow to $20,000 because we have no idea what the future of bitcoin will be so take a good chance as long as it convinces you.

I won't give much opinion this is still in the lowest area because I don't think about anything except putting dollars into bitcoin for the DCA strategy I expect bitcoin to still be low so that more bitcoins are bought every week, if the price of bitcoin goes up it won't be a problem even if it's higher I will still buy bitcoin in my own way.

Everything is clear in the future, no one knows, even psychics.

Instead of selling the bitcoin if the price of bitcoin increases may not be the right decision. I think you should hold bitcoin if you want to get the maximum benefit.

Regarding the bottom, yes 15800$ could be the bottom but if it is not the bottom, still the bottom will be very near to this price of 15000$. Anyone who is waiting for the bottom should know that he could miss the boat altogether because the price may not fall further, and he will buy in FOMO when he sees that the bitcoin price keeps on rising.

Regarding the pump of Bitcoin, it was due to 2 reasons:
1. Arrest of SBF
2. Negative results for US CPI
Both of these news served positivity in the markets which brought a bit more confidence in the traders which is why we saw a straight buying green candle, but there is still no considerable volume that could guarantee a further rally towards $21500 and above, which means that the bears are still in the game and they could move BTC down (I saw various sell walls today at Binance and they might serve as a proof for my statement).

Maybe it can happen. The bearish market has been seen again in the last few hours. If the crypto problem is still not resolved, of course the Bitcoin price cannot be pumped to the fullest. Apart from that, issues regarding the global economic crisis can also affect changes in crypto prices to be lower. And now the issue of covid is also being reported again, but most people don't really care about these issues.

Holding bitcoin longer to get maximum profit is also a good strategy. But some people buy low and sell high to make a profit and it's normal if they do it that way. It can also provide an advantage that might make sense to them rather than just waiting. But there are risks with each strategy we use, so prepare everything properly.

If someone doesn't act from now on and just waits for the lowest price, he will be left behind and there are many real examples of this. We must be able to use every moment that happens in the market so that we can take advantage of it for us.

As long as it's still in a sideways phase, anything can still happen, maybe it can still fall further or vice versa. During its Bearish phase, Bitcoin has made me appreciate myself more. Since the bitcoin price fell, many changes have occurred in my life, Bitcoin has changed my lifestyle by rearranging financial management properly. things that give me short-term satisfaction I'm starting to leave and appreciate things that will make me happy in the long term by putting my savings into Bitcoin.
The future price of Bitcoin depends on your belief when Bitcoin falls, if you think Bitcoin is difficult to grow after the Bearish phase, you can never reach your goal.

 Bitcoin price will still dump further for those that missed the opportunity base on lack of finance can use this bearish season to purchase Bitcoin, because starting from next month, there will be massive pumping of Bitcoin and other cryptocurrencies that will make the price to hit higher in the month of February for traders to achieve a good profits from their investments. I think, $16,000 will be the bottom of Bitcoin before bullish market will take place for both long term investors and short term investors to believe that bearish season is over from the market. 

After the data om USA inflation rate which is considered as a positive one, I guess bitcoin market will not fall further. So, this leads to conclude like we have already passed the bottom of current situations and we may get into bullish market at any time but we still need strong positive news or institutions accumulation to completely break the on-going bearish market sentiment.

Hopefully the year 2023 will be different from current market sentiment. So, keep buying at dips will help all long term planners; I am glad that I am already into such plans.

One thing is for sure; there's more to happen. Given that the market value of Bitcoin relies on the demand, its price is possible to fall even lower if there will be something that would pull its value down such as negative news in this industry. However, there is also a possibility that its price would recover before this year end if the counterpart will occur. Things are just way to difficult to predict if we would be talking about certainty in this industry
Where's your basis then? Seeing how the market is struggling at this point makes it hard to believe on such too positive claims regarding market speculations. Well it is a good idea to think positively but if it would be way too much, it might even cause a worse outcome such as people or investors not managing the risks of this market.

each time bitcoin made another small growth , thread like this will occur , wondering if you guys are really asking for question or have some own target why making threads like this one?

remember that in last month we have a 15k bottom so basically it is not 17k , and if you are asking for this year alone? i think we will stay this position at least before the year close this season of last.

Just as Bitcoin can rise further, it means it can fall even deeper. This is a very common thing and has also happened frequently to Bitcoin so you need to see how much support there is for Bitcoin so you can make a few conclusions whether it will fall deeper or will increase even higher. Now that the price has dropped back down to around $17K although it's still not that far from $18K, it means that Bitcoin could increase even more than yesterday this month although it still looks hard to get to around $20K.

the 3 month scale ranges from $16k-$21k (rounded)

so a $17k is not some massive hype or crash or bull or bear. its just small movements in comparison to the yearly amount

i personally have a huge hoard from decade ago and sooner but im still happy to accumulate more while prices are below $20k

its discount season, great value.. compared to last years premium

I read your reasoning about the cost of mining bitcoin. And it seems to me too that right now anyone has a good opportunity to buy cheap bitcoin. But what if there is an energy crisis in the future, as some say. What if the big miners leave the field and sell the mining equipment. It could happen that the difficulty of mining would drop. Then the value of bitcoin will drop too. Especially since there will soon be a new halving, and at the usual cost there will be half as many coins mined.

Huh? Then what should she supposed to do? Sell, when the price dumps? I think that's more wrong. While those who are badly in need of funds can be allowed of doing this. To get the maximum benefit is I think not possible because there is no way to tell if what is the max ATH of BTC before it will collapse.

We shouldn't be too perfectionist but we should learn to appreciate sufficient/small gains if we want to successfully earn a profit and not miss every bull run. $15.8k may be the last bottom we will be having this quarter but next year there might be more to come. There still no guarantee though so indeed they shouldn't wait for it before they want to buy.

When it comes to this kind of questions about;

Is this the bottom?
Is this the start of the turn of trend on this market?
Is this the start of bull run?

No one really actually knows because if there's someone do able to do so then he would really be hella of a rich guy which we know its impossible.
This is why we do see lots of speculations and predictions in regarding the price via making out those charting and technical indicators.
The best thing to do is to make use of your own analysis and guess out on what are the potential breaking points
and this is where traders skills do vary and differs.

Of course it can, and I believe it can always happen. Bitcoin has fallen to $15.5K once, so it's no surprise that it will seek another low if the market doesn't recover soon. In recent days minor moves have seen the price reach over $18K, but a correction is inevitable. $17K isn't going to be strong if the bitcoin price isn't above $19K, so it doesn't matter if you are worried about another possible low.

Forget about the bottom price as it never tells yet. The correction will continue unless the bear season end but as we are in this current situation, nobody knows if we already pass the bottom price or if it is still coming.
However, I was very optimistic that the market price will be going to recover. We are moving in an uptrend position making its way to $20k and hopefully, this would happen before the year ended. Better have some OP, just take this opportunity before it is gone.

Unfortunately, it only works for Bitcoin and may also work for some of the top coins like ETH, Dash and LTC, but not for other altcoins. And I can say that because I don't really think about whether I'm going to make big money from Bitcoin or not in the next 1, 2 or even 6 years. I only put a little money to buy and there is a pleasure to think that I have another hidden asset.

The bottom we are seeking is yet hard to determine so I guess its just a waste of time if you wait for this.to come and didn't spend any amount yo take advantage of the dump. Much better if we focus on current happenings since trading this from time to time is much really advisable since we can earn huge if we are careful on where we put our money.

And now the bitcoin price has dropped below 17k, so there is no hope of a bull run by year-end. What I'm thinking is that with all the negative news flooding the market, we're going to have a new bottom at the start of the new year and maybe that will be the last bottom we face.

What makes people think about the Bull run at the end of the year? Because I myself never thought about the bull run that could happen at the end of the year. And if you look at last year's example, in April Bitcoin had a bull run and then in November for the second bull run in a year. Now, for this year, I don't think there will be another bull run because the already very large decline in Bitcoin makes the possibility of another bull run getting smaller this year.

Whether Bitcoin will continue to decrease or increase is unpredictable. Investors have the opportunity to buy additional bitcoin or sell their existing bitcoin for profits regardless of how much the price of bitcoin drops or rises in the near future. Investors benefit from either of them (price increase or decrease), regardless of what happens. For those that are prepared to wait patiently and hodl for all of this to happen, it is a win-win situation for them

I assume that the current price range could be higher than the expected bottom. The fact alone gives me confidence that next year will be better. It is the red annual candle on the chart. So far in bitcoin history, there have never been two red annual candles in a row. So I hope this pattern will not break.

the hobby miners that change their minds daily will drop first(they have the highest costs anyway)
this then means there is less competition and more coin to give to the large industrial efficient miners. thus bringing more coin to those base cost miners. which then balances out the industrial miners larger costs.

larger mining cost would increase. but not at a fast/large swing compared to the hobby miners

at the halving yes coins rewarded halve and the competition game happens again

this is why you see asics get more efficient
in 2016
2.8kwh only hashed about 9thash..
in 2017
2.8kwh only hashed about 26thash..
in 2020 now this december
2.8kwh  hashes about 130thash..

thats a 3x then 5x efficiency gain in 6 years
meaning the halving effects of 2016 got taken care of and also the halving of 2020 got taken care of

Whenever we think we saw last bottom of Bitcoin , there comes another one and then another one.For now we should just see where this is going ,with  bear market in full control and chances to see Bitcoin under 15k in 2023 are very possible. Even support of Bitcoin is kinda settling into 15k direction and this is one of the signals we should be aware of it for now.  ???

ofcourse there are bottoms

2009-2011 >0.04
2012-2014 >4.00
2014-2016 >200.00
2017-2019 >900.00
2020-2022 >4000.00

just be happy those bottoms are going up

There's a possibility for the price to fall further as anything can happen even the unexpected. But I believe it won't fall below $10k since for sure many investors will already take advantage the low price. Anyway I don't want to focus monitoring the current price since it can't help me to stay firm to keep on holding. Thus don't stress yourself and do some activities so you can forget for a while this bear season. Keep in mind it's not permanent though it might take time to recover.

I'm the opposite of you, I watch the bitcoin price daily, and I predict it will drop to 10k, although that I also think is very unlikely, but with bitcoin anything is possible. When many people don't believe it falls more, it will continue to fall. I have some bitcoins at 20k, but I don't feel too worried when bitcoin drops more, I still have fiat money and want to buy more bitcoin cheaply. I don't claim that bitcoin will hit $100,000 but I believe it will, so a bigger drop will do us more good than harm.

You predict about reaching $10k only by watching or through any analysis? But, I have seen hundreds of thousands of technical analysis do get failed due to various news and events hence nothing makes me to worry. Even bitcoin falls up to your prediction, I will find that another round opportunity to grab more. Basically when more people believe into something, that will happen for 101%.

We are about to enter a new year which might bring changes to the trend of bitcoin market. So, roughly we may assume that we are currently at bottom of market and buying right now will lead to big profits both in next 2 years of time.

My approach is slightly different, obviously as an investor when I invest in bitcoin I expect the price of bitcoin to go up in the future, however whenever I buy I ask myself, do I feel comfortable buying at this level? If bitcoin instead of going up in value went down could I still hold it?

If more investors asked themselves those simple questions and were honest on their answers they will save themselves a lot of trouble, and they will no longer sell in panic just because the price went down a little bit, as this would have been in consideration from the very beginning before they even bought bitcoin, but it seems asking for something as simple as this is too much for most investors, and as soon as the market moves against their prediction they sell in panic.

Analyzing and making predictions does not mean it will happen, no one can predict bitcoin price 100% accurately. If you believe 100% in analysis, you will always fail in the market, all for reference only, and always have a plan B for yourself.

Entering the new year means nothing to the market, not big news that will impact the market. The market needs positive news about the economy and war as well as news related to the market to be able to hope for a bull market. But you are right that if we buy now and hold, we will be profitable in the long run.

I would rather suggest, not to wait for long. I mean if we greed more and wait for more low or bottom of Bitcoins, then definitely we will miss the best price when we should have bought the Bitcoins. Now if the price boosts up, many people will start complaining that they missed the golden opportunity to buy the Bitcoins at 16k usd price segment. According to me Bitcoins have really great capacity and capabilities. The marketcap of Bitcoins proves this. So if we are able to buy some Bitcoins under 17k usd, then consider ourselves lucky. Just buy the Bitcoins and hold for few months. Definitely profit gonna come into your pocket.

Bitcoin may not be at the lowest bottom but it is at the bottom region. We may not know the exact bottom so it is safer we begin to DCA from here so that we will be advantaged anywhere the dip will be reach. Just buy now so as not to regret in the future.
This is buy time let's enjoy it as it lasts.

If we only just know what really happens next in Bitcoin but unfortunately, we don't that is why the only thing we can do is to assume that it was already the bottom price or not - or maybe.

Well, at least the price never dumps badly like in the previous bear season where the price of Bitcoin reaches below $5k, we're just more than 3x far from it. But as it was said, we can't assume this will be the last drop that ever happen this bear market, never know exactly.

It's true, we won't know whether this is indeed the bottom or there will be another bottom for this because indeed questions like this can only be answered by speculation without any certainty because we really don't know what will happen in the future whether it will continue to go down or maybe it will be in a bull run. but one thing is for sure, as you said DCA is very important on this and buying while you can is the best thing to do.

Hunting for bottom is a never ending kind of task or something that a target that we are really that aiming on this crypto investment that we do have.Making up some buy position is something that is always been a

challenging thing because this market is unpredictable.There's no way that we could really predict out on what would happen next.If you do believe that this is already the bottom then you could always opt in

to buy and its up to someones choice but of course the risk always accompanied on every actions that we would really be making.Lots of speculations and guesses are floating
around and its important that you should stick into your own.

I try as much as possible to stay away from speculating Bitcoin price, but in truth, Bitcoin has reached its lowest bottom even though many investors don't think the same and are expecting the price of Bitcoin to fall further.

Am optimistic that in some weeks from now, bitcoin will recover back above the $20k price but there is no guaranteed time for that to happen.

Well we can't just removed our selves from speculating bitcoin price to be honest, it's part of the ecosystem as well, even traditional markets speculates more than us so I would say it's normal to do that.

As much as we wanted to be positive in the next coming weeks, I highly doubt that $20k could be reach.

For the bottom, many predicted that $17k would be the bottom, but there are event like the FTX collapse. So maybe we will see new bottom and just be prepared, just saying.

Many might not consider the price at $16,000 the bottom. I think there is indeed still a possibility that the price could fall further. It could even touch $15,000 in the coming days or weeks. But considering the situation in the market, it seems there isn't anymore a big thing that could happen so that Bitcoin could fall further below $15,000. The FUD about Binance's financial condition won't probably bankrupt Binance. With what's happening with FTX and others, it couldn't be worse anymore. So we will probably start to recover soon.

If finding the bottom is easy, probably a lot of people are going to give you a specific figure, but unfortunately it's not and nobody knows whether or not Bitcoin falls further even below $16k (Btc touched $16k level already).
The least you can do is go ahead and monitor the market every single day and see the price actions, you might probably gonna come up with a certain pattern as to where Btc price possibly go in the next coming days.

what answer do you want?

price will move depend on how we treat bitcoin , like you if you are just asking but not even accumulating or selling then what care do you have for this market?

better act accordingly and let the market move to what you are acting.

I have to say all of the panic and worrying about the price of BTC I see online right now does remind me of the crypto crash of 2018. At some point in early 2018, I remember BTC dropping around 10k probably because of regulatory fears.
There was also a lot of resistance from some financial institutions like JP Morgan back then that I think contributed to the pessimism. However, all the doubters were proved wrong; the blockchain and crypto were adopted globally by governments, organizations and financial institutions.
The point is, it all worked out and the correction was short lived. I predict the same correction again when the global economy starts a recovery.

Yea, I see many people killing themselves in the name of speculation to know the perfect bottom. I really think that it is not needed. Having known where Bitcoin made its last ATH is an evidence that we are at the bottom region.
Imagine buying at 16k and Bitcoin eventually makes $70k. Is that not a massive profit. Anything is possible with bitcoin, both negative and positive

All I can say is do not try to find the market bottom because you will end up losing, we are just entering 2023 and the bear market is still active, instead of trying to find the market bottom you can keep dollar cost averaging, you won't see it coming when the bear market is finally done for, trust me.

i would prefer to wait a little bit to be sure about it. Main support area is around 12-13k imo. Or i would be bullish if btc breaks daily ema 200 (around 22k).

https://i.ibb.co/zHvhgc4/Ekran-Resmi-2022-12-23-21-14-35.png

What do you mean, mate?
If you are just an ordinary investor or trader, you have no ability (power) to trigger the Bitcoin price move. Unless you are a whale, you may have the power to dump or pump the price. So, as an ordinary trader/investor, there will be no significant influence on BTC price whatever we do (buying or selling).

It is difficult to know the bottom price, we have no strong clue about it. But the bottom ideally is in the first or second year of the bearish period. When we almost reach 2024, I am pretty sure the bearish to be over because there will be BTC halving. So, I assume the bottom already reached or to happen in early of the next year.

But in my opinion most of the waiting is like hoping with uncertainty (talking about myself) even though I know there are still many who do that by continuing to look at and analyzing candle charts every day and that's not wrong, but I'm too bothered by That's why I prefer DCA wherever the price is, as long as I think it's still below, I will buy it every month according to my budget. and in my opinion this is still worth it because indeed I know my qualifications when I wait instead I lose my patience so I prefer to wait when I have pocketed bitcoins in my portfolio.

For now, I don't encourage people to invest but rather have to check the trend first. Indeed it was really a great opportunity for the small investors but we also have to consider the possible dump coming after this Christmas holidays.

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This year 2022 only shows slow market movement and no recoveries. I can't blame people for saying it was the worse year ever in the crypto world but despite of it, I remain optimistic because I believe everything will come to an end and this bear season will never stay forever. Whether we already reach the bottom price or not, we need to be prepared for what will happen next.

That is the future we are looking at as well. What was the fear in 2018 that turned into profit in 2021, will be the fear in 2022 turned into profit in 2025 as well. People who are worried and selling and scared right now will not be happy with the fact that there will be so much profit to make in the future and they would be going crazy about how they could have made a profit.

I know this because it was also the same in 2014 period to 2017 as well, it dropped a lot and people feared, so I have seen it happen twice, the huge increase, the big crash, then the recover a few years later, and the fear until the recovery. I have seen it all and I find it normal.

Safest thing to do, cost averaging is very effective and this is a proven way of making a lot of profit in the future. You are buying at a cheaper price by not waiting for the real bottom, by this even if the market started to rise you can still at peace because you bought those crypto at a cheaper price, all you have to do is to wait patiently for the next bull market.

That is exactly right, no one can tell where the bottom of the bitcoin price will be or where the highest price will be in the future. If someone could predict the price of bitcoins, then surely they would have become rich, and they might not be human but could be gods :D :D. We just wasted more time trying to find a bitcoin bottom when we already have DCA, and catching bottoming with DCA is easier than ever.

There could be speculators who wanted to time the market and predict where the bottom will be, it's called TA and I think there's nothing wrong with it. The problem is that TA is not exact math, it's a hit or miss so that's where the gambling parts enter. We don't know if the price will move as they have plotted it, but when the price moves in the opposing direction, that's where they end up losing, and losing big money. But for us, we are just contend with doing DCA and buying at the dip, we don't need to look for the bottom. As long as we can accumulate overtime it will be good for us.

Indeed. DCAing is a good strategy if you're not certain when to buy or you're waiting for the bottom. Because we can't say if the price is already the lowest, if you're waiting for it before you buy then you might missed the chance. It's undertandable if many of us are hesitant to buy at current price because of the fear to lose our capital if the price will drop further. However, if you don't take risk then you won't gain anything.

For me, it's better to buy during bearish season rather than panic buying once the market turns bullish. Because even the price fall further right after you buy, you still not lose your Bitcoin unless you already sell. The value might be decreasing but not the amount of Bitcoin you're holding, that's why patience is necessary if you invest in Bitcoin.

Their is every tendency that the price of Bitcoin will continue to fall again, but the problem is that nobody knows if the price will continue fall or not. Concerning the bottom of Bitcoin it can only falls immensely when their is no much demand, but when their is demand that indicates that the price of Bitcoin will continue to increase higher. Right now the price of is unpredictable. I heard some people saying that bitcoin price will get to 5k before it will be confirmed that it has gotten to the bottom lines, so from my perspective, it's very obvious that it's difficult for Bitcoin get to such values in price, and if anything should take Bitcoin to that price level, that means it will take more years before will ressurect.

Yeah, very similar, with a lot of selling pressures this early like 2018 and the price really on a decline, remember ETH hitting $80 that time, very low and we thought that it will still go down.


But it took years before we can suddenly get over that 2018 feeling, 2020 covid-19 but then there was a sudden pour of price, thanks to Elon and then El Salvador as well being the prime example of countries adopting bitcoin. Hopefully there will be just another repeat of the history in 2024-2025 as we can see a growth and recovery.

I haven't seen any predictions as low as that, 5k is really an extremely low price for bitcoin, and to make things so bad, a big crash is required. You got me thinking about binance, only the crash of binance can cause bitcoin to plummet, and it will be the longest winter we have ever experienced. But I don't think it will happen.
My prediction would be $12k or, even worse $10k, for me, it's already very low and the probability of it happening is also considered very unlikely.

In my opinion, although Binance crash won't make Bitcoin price drop below $5k. But surely Bitcoin price to drop below $10k if there is big bad news like Binance crash. Regarding how long the winter or bearish season is, it can't be predicted. It can be still around 4 years cycle, or can be changed to a longer cycle.

I also think the same. The worse scenario, BTC price probably drops to $10k. However, it may happen if the condition in crypto space is getting worse. If nothing significant issues anymore, Bitcoin price seems to survive above $15k. I really expect that the lowest price is around $15k, so we can expect that the bullrun season to come in 2024-2025 (after BTC halving).

While nothing is impossible we need to think about what kind of scenario could bring the price to such low levels, and even the crash of the FTX exchange was only able to bring the price of bitcoin to the 15k support level.

A major disaster will be needed to reach a price of 5k and without a doubt the crash of binance could make this a reality, as not only binance will fall but many other exchanges and companies that had deep financial links with it will fall too, but at least for now this does not seem likely.

So far, there's no negative news or Fuds circling around for us to say that the market would be going down further or something that we do called as a catalyst but since we do know on how this market works or

behave then everything would really be having that possibility which is really that something not to be surprised on.Bottom price? We are always looking or hunting for this, we are aiming to get in as much
as possible within these lines.
For now the price is hovering around 15-17k price point which it is really doing that sideways movement and this what makes speculating even
gets harder.

I would guess that is the exact reason why people tried to bring down binance so that bitcoin would crash, but they failed because no matter how hard you could try to drop binance, and how many people you convince, it's going to stay at the top of the list and as long as it is at the top of the list it's going to be quite easy to gather all that back eventually as well.

It would be at worst a setback for binance and nothing more. It would make sense if they were shady from the start but we all know they have done everything by the look and they have innovated and improved as well so they are as legit as you can find in the crypto space without a doubt so it won't crash like FTX did.

Looking at the current state of the market, I think at the beginning of the turn of the year and into the next year it is very likely that it will still be in a bear market, at this point it is not so important to see the bottom of the market. We better get ready for what lies ahead, 2022 is coming to an end and this is the second bad year for Cryptocurrency. have we reached the lowest price or not at this time, but believe me the bear market will disappear soon, because this is not always sloping the market.

Many say bitcoin has been above the $16k resistance for too long, and that is a sign that they have bottomed out, they expect a bull run in early 2023. But I have the opposite view of them, I also believe we will form and bottom in Q1 2023 and then can think the decline is over. Of course, the market will not rush to rise after hitting bottom, but it will continue to be a boring series of bitcoin days that make people frustrated and give up. For me, the bull market will only come as we get close to the halving, we still have 500 days before the halving, so we can't expect a bull run from now on.

the bottom price will likely still occur later in 2023 when the recession continues. but we all can't predict at what price bitcoin will drop in price for a deeper or only a few %.
some people are too busy thinking and predicting bitcoin prices without starting to buy little by little for fear of a bottom price. if we are aware from today including a lower price compared to the previous ATH price and our opportunity to buy and collect for the long term waiting for the bulls to arrive.
I'm not suggesting or forcing anyone to buy now, but it's better to start now than never and be late to the ATH party

Long-term investors are seldom to make predictions but just rather wait for the right time to sell their Bitcoin. We can't expect this bear season will end up to fast, and the bottom price may come unexpectedly but I think, we don't need to bother and stress ourselves waiting for that. Because the more we think about it the more our emotions got influenced. But I think 2023 is somewhat of a good year in crypto, recoveries may be started, and ready for the halving.

The bottom pricing is a process not an event is the phrase Ive heard a dozen or more times.   I think that is correct and we have further to go yet imo, if Im forced to think purely pricing then I will say a full exploration of the peak pricing end of 2017 and also that area that reaches down to peak 2019 prices.    Mostly I think if we went sideways for some months it would amount to the same thing in the end.
  Price every day is a requirement, people want to sell and some want to buy and sell goods and exchange the market has an important job to provide fairness to all people as much as possible.  Market confidence to exchange freely is the most important thing of all, if we are required to trudge through all these teen prices then grin and bear it.  The daily price is still less important then wider time frames like weekly, monthly and our gains or losses quarter to quarter of the year.
  BTC has the stride of a monolith its far beyond our daily worries is my take, I think we continue to be fine but price stability comes from confirmation and consolidation or volume foundation in this area, it must be built and all prices confirmed so later we can gain; this is the costed work of a free market to do so :)

bottom for this year? yeah it  may be because look we are 2 days before the closure of 2022 yet we are still staying at 16k and there are no even good sign of breaking 17k again , I'm afraid that after this year we will see more dumping and struggle for Bitcoin to stay at 5 digits.

I was looking for the price to drop at least below 15k so I can but big chunk before the year comes to end mate , but seeing how market moves now? it seems that that bottom will be the last and may have another in the coming year.
supporting that mate , because there price stays this way for the rest of the month.

There are only 2 days left so we can say we have finished the year and there will be no surprises.
I also predict 2023 will still be a year of bitcoin dumping, and we will bottom out during this bear season, but I don't think bitcoin price can drop below 4 digits, which is a very low price. To do that requires a major market crash, and currently only Binance is facing a lot of Fuds in the market. Do you think Binance will have problems this bear season?

obviously , you are wrong because the price drops to 16k level and still looking for option making another high , but with so much less action from supporters and investors , i'm afraid that there are even more lowering to happen not just this year but in the next couple more?
but there is no impossible in this market mate as while we are expecting ? the sideways mostly comes so better to expect the unexpected  ;D

That seems like one of the most important questions from which we do not have the answer, CZ claims that everything is business as usual, but how many times we have heard something similar only to find out this is not true?

So it is likely the FUD against binance is going to continue during the next year, and I really hope it is just FUD because if there is some truth behind it then the downward movement this could cause will be incredibly difficult to endure for a great deal of the new holders we have in this market.

I don't claim binance will never crash, but so far, with what Fuds is spreading, I believe it's still not strong enough to take down CZ. We're still on vacation, so everything seems to be very quiet, not sure if it's really calmed down or just interrupted by the long vacation. But from the news I read, I am confident that Binance will continue to stand with these Fuds.
If Binance really does have a problem, the market will crash terribly, Luna and FTX are still very small compared to the influence of Binance.

If you don't believe what CZ says, remember that there was a time when Binance was in trouble and nothing has happened so far. This isn't the first time rumors attacked them, but it didn't cause them to crash, unlike FTX which only had 1 Fuds and crashed instantly. Because FTX was plotting to scam us from the beginning, everything was planned, not an accident. I'm lucky because I never used FTX, I only trust binance and coinbase, luckily everything is fine so far.

You are lucky because you don't use FTX, but basically each centralized exchange manager is run by different people, not the same person so that the thinking of each of them is also clearly different even though the concept of the exchange is the same, that is, they are both centralized. At FTX there was only one person who had bad intentions to deceive many people so that they were all destroyed and experienced a loss of trust from investors.

While on other exchanges such as Binance and Coinbase I think they have different thoughts from FTX, so in this case everyone needs to sort it out without having to consider it the same as FTX. After all, everyone is not advised not to keep all their assets in any exchange and many people have been told that a long time ago, not just now.

Patience is a virtue...be greedy when others are fearful...92% mined already...once the reset happens and there's regulations, then things will get going for sure...some will go away while the real ones will dominate in the coming years...dyor, there's alot going on around the globe behind the scenes that they tryin to divert most of the public from wit scare tactics to shake out the weak hands n get it for even cheaper...based on bitcoins 10yr pattern...every 4yrs we go parabolic the year after the halving which is 2024...

It is clear that binance is way more solid than FTX ever was, but one of the problems with relying on a centralized exchange is that even if they do everything right the exchange could still collapse if at some point governments decide to go against it with everything they have.

In that case even if binance is a solid company it could still disappear, it is because of this that it is important to always monitor its state and at the first sign that something is not right you need to get your coins out of there as fast as possible.

The cause of FTX downfall was that they were misusing customers funds for themselves. You could see all the lavishing sponsorship that they were involved in, wasting millions in the process on things that didn't matter and you could see them pumping shitcoin like solana that has no utility just to give themselves profits. All this were red flags that were in plain sight but people got blind to see this and still trusted them to keep their funds safe which shouldn't be the case.

Centralized exchange are never to be trusted neither should they be used as storing platform for whatever you invested in. FTX collapse contributed to the further dips we saw in the market as without that collapse I think we should have seen the bottom of Bitcoin already but as it stands I still think we might dump further.

Don't worry mate, because with what happened with FTX and then the Binance FUDS after, many people are now scared to fully trust their assets on a centralized exchange. There are still people who will use a CEX but they won't store their funds on it longer or some can still store funds in it but that will only be the amounts that they can afford to lose easily.

As long the exchange is giving a good commission with the government then I do not think the government will go against them and I think even if some of them has a hate with crypto, they will still allow it because their greedy self is saying that money is more important more than their pride or dignity.

I think so. Bitcoin has already gone to the bottom. Although it didn't take long before people and various institutions realized to start buying the dip. There are too many investors and newbies that want to buy bitcoin at the lowest price. Do we have some people here that expected bitcoin to drop to $10k or even lower? But what if bitcoin won't drop again to $15k? We better accumulate bitcoin by dollar cost averaging it. This is also the same reason why I am not affected by the movement of bitcoin. If it drops, I have the chance to lower my buying average and my future earnings will be higher too.

No one is certain as what will be the bottom of this bear market or how long this bear market will last. If we look at the fundamental analysis, we don't see any positive news. Rather it seems that there may be risk of more platforms going bankrupt after FTX and few lending platforms.


There will be a stage when bitcoin will remain in accumulation stage after making the final bottom. If 15800$ was the bottom, then we are in accumulation phase. If it was not the bottom, then we may see more blood in coming days.

So, the intelligent investors & retailers, will keep on buying at these low levels so that they have their bag filled up already when the bull market returns, and they will be the ones who may get maximum returns.

and this happens in the past that we already understand , knowing that there are FUD and dropping people starts to panic and in the end? price will go strong and those weak hands are always the loser .
keeping your funds while there are bear is still the best strategy over the years and make sure that you have extra funds to  buy more while many are panicking and selling for losses .

Weekly bar look at BTC, we are at about the lows of September last year.  Its the underside of that prior action or range I think is a fair evaluation for BTC price action right now.  I think we will be trying to challenge that prior area but it wont be easy on first attempt.  My rough take is we must hold above 20k and confirm thats now ground level, then build from there.
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