Bitcoin Forum

As previous trends , logically.

we had our BTC top 1 year back(69000$). So after one year we can not expect another ATH going to happen. Market need sometime for next momentum. Even other markets too.

If we guess that we can expect next market preparation  after next halving ,. Hence , we have exactly 1 year and 5 months.

Clearly can see consolidation area in next year(2023). So definitely we can grab , more buying opportunities rather now.

We had Bull market , Now we are at the end of the bearish momentum. Consolidation area is incoming.

This is my market reading. I know everyone does have different opinions. Lets share


 

The market will not be stagnant before 2024. 2024 bull market can be more massive, but that does not mean there would not be bull run and another bear market until 2024.

We do not yet know the month halving will occur in 2024, this time is difficult to predict when block 840000 would be mined. Estimated time would be more accurate as we are getting closer.

Exactly, no matter the extent the bear market could be, those that hold around $20000 in bitcoin price will make profit. The next bear market, if massive, it would result to another bull market is what I am predicting.

Well if you have been in the market and have seen previous cycles, yes the catalyst for the next bull run is the bitcoin halving, and it is still very far.

Consolidation has been happening in the last 4 months, the price has been trading sideways, we might as well take that advantage and accumulate.

For 2023, yeah, maybe we can see lower lows for this bear market, there are predictions that it could be around $10k-$15k, but we will have see.

What we all have mutual in thinking is about the halving by 2024. And then after that, we're going to see the shoot up for bitcoin's price just like the old times. This is a cycle that we have come to see the pattern and that's why we're eager to accumulate at these times.

Some may say that we'll still heading for the bottom and might likely see those low prices again, that's okay. But we're speculating that after the 2024 halving, we'll see that bitcoin is going to break its last ATH.

Maybe by that time, it's the $100k aim that we've been waiting for and it will be the next ATH price or even more than that.

Market doesn't need any momentum, as long as everyone are buying Bitcoin and no countries ban Bitcoin, I can expect Bitcoin price would make new ATH every year or two year and it doesn't need until halving event happen.

Do you really think next year the market will recover? Western economy isn't in good condition and inflation rate is increase, we might see a real disaster on the next year. But there's nothing wrong if you want to accumulate Bitcoin right now.

Do you consider lower prices are bad for Bitcoin and Bitcoin investors?

If people in 2020 hoped that they can use a time travelling machine to go back to either 2018 or 2019 and buy Bitcoin at cheap price like $10,000 or $20,000, now they actually have that chance.

$19,000 recently or $17,000 weeks ago, did they take it to buy Bitcoin? If they rejected that chance because of being fearful when they should be greed, they will never buy Bitcoin. Even if Bitcoin falls more to $15,000 or $10,000, they will consider it as risk.

I just didn’t mind about the movement of the price even now. I just do DCA (dollar-cost averaging) with Bitcoin with my extra “not beer” money as long as I have.

Bearish momentum will likely going to happen for a long while, but there will be no promises or guarantees on when will it last. We just have to prepare ourselves to expect the unexpected. 

Greed is the main seed of every bad deed. People don’t care when opportunities come, when it gets over, people cry about it. Similarly happening right now. People are not showing enough trust on Bitcoins and therefore missing this golden opportunity to buy this great coin at such a cheap price. Bitcoins might not increase in it’s value overnight, but it will increase eventually, slowly slowly. As the supply of the coin is limited, so whenever the demand for the coin increases, the price will automatically grows up. OP’s market reading is quite impressive. Let’s see what happens next.

If the market is going to fall deeper than it is now, then let it happen, prepare your money to buy it, and don't let the opportunity pass. Maybe it's true right now bitcoin needs more time to reach the last ATH or, let's say to return to a higher price than now.

And right now, bitcoin is still in a bear phase, so we don't know when this will end. Many say that next year will be a momentum for bitcoin to rise again, but that is only their prediction. We can also make predictions like that, but bitcoin is moving wilder than ever, so it's still a mystery to us. But there is a possibility that this trend will change considering that more and more people are joining bitcoin.

Bitcoin is bearish at the moment, but it is still holding the 18K support although we had touched this support a number of times. It is just a matter of time before this support will be broken and bitcoin may reach 14-15K level.

Bitcoin is behaving exactly as it should be and i am sure the bitcoin bottom for this year will be very near. However, people are excited on the 500 or 100$ bitcoin pump when they should know that in Marco we are bearish and therefore the short trade can be more profitable as compared to the long trades.

Although estimates are not always accurate, I agree with what you say. I also expect the market to bounce back in 2024, or a year and a half from now. But will the Bitcoin market surpass ATH? I'm sure, Bitcoin will surpass ATH. And make a new record in the bullrun in the future.

Bitcoin is not bearish at the moment its just dead calm which does not mean its dead, linguistically close but no cigar.   The confusion on that is understable when BTC is full of so much hype at times its like a foam party of nonsense and I find that quite worrying when people are too full of nonsense they forget this is a world first unparalleled phenomena.
  The BTC blockchain is not a hype driven clown car, its something unique in the universe never in existence before the inception of the first BTC block and it should be respected properly as a long term unique asset.  If BTC wants to go sideways for the next six months I will respect that, its not negative for not going up.

The thing I just want you to understand is that, bearish market is something i know quit well that it doesn't have an end except the market determines the future of the market, i can't give you analysis that today cryptocurrency can be rise or fall today, all those things are assumptions because the future of the cryptocurrency acceleration is dependable on the demands and supply of the market, so be in bearish or out of bearish is the concernment of the demands.

Definitely, no one should be expecting a big pump in price now or in 2023. Am not an analyst but I can say we are probably in the accumulation phase. The price is low enough for people to start accumulating except people really believe btc will go below 19k. But once btc halving is done, the market will start gathering momentum again. IMO I think now is as good a time because it is not easy to time btc price and buy the bottom.

Since they are dissatisfied with the price going down which results in a panic I think lower prices are not making investors worse but the opportunity they will take.

People who think Bitcoin is too low, they will not be able to buy Bitcoin, they just keep stalling for a low price but don't buy when it goes down, afraid of the risk of losing it in the sense of going down even more, while when it goes up they regret it but that's greedy human nature always thinking bad things about it. in his presence there is an opportunity to buy at a low price.

When the bear market wants a more severe decline or not, we have to be able to face a volatile market, don't just speculate without doing anything and just stand still without buying.

You are far with the reality that we see in bitcoin. It is not possible to see everyone, every country liking bitcoin. Bitcoin having enemies also and so haters will criticize always. Countries already banning bitcoin and maybe banning is momentum bitcoin need to keep growing.


I think 2017 and this year have been history that the ATH have maintained for long before another halving. This year I'm not expecting new ATH before another halving in 2024.


Bitcoin price also increase in negative effect of the economy. During covid-19, it went higher. Sometimes because bitcoin is decentralized, it freely unregulated can fluctuate differently from your expectation.

Hopefully, bitcoin price after halving will even surpass our expectation, and that to see it $100k or beyond. So while bear market continues, then let’s grab this opportunity of buying bitcoin at a bargain price. After all, it’s not that bitcoin will be bearish the whole time, bullish trend will also develop and returns to the market when everything’s around positive. Patience is what we need the best this time.

I somewhat agree with you on this reading, I hope we have reached the end of the bear market and are starting a new phase now with the clear green rally in the market since yesterday, not a huge rally but it could be a good indication of the end of the bear market, but still some time Maybe several months until we could see a real rise.

It’s not a problem actually if bitcoin will create possible lower lows by next year because it only means our opportunity to buy bitcoin and other coins is extended, thus giving us greater chances to be profitable when the final bull market is here. Although it’s still uncertain if we will witness a new all time high after bitcoin halving, but whatever it is, we should still not resort into panicking as it will only bring a total loss for all of us.

When everything is bad especially looking at the world economic right now, then it’s best to just grab the chance and maximize bitcoin accumulation this time while everything is low priced and affordable. With or without halving, bitcoin will still be profitable in the long run provided that it’s own demand never stops and continue to rose high. No issue with the bears, the problem is when you don’t care buying when it’s in fact the perfect time to buy and hold.

Bitcoin will always have that feature (profitable) even during the bear season. What we just need is to become patient and responsible for what we are doing and take this bear season as an accumulation period. Buy low and sell high, this even works so well but doubted why many investors can't simply do this. Doubt is one reason why people are not able to hold on long, too much negativity in their minds drives them to think about selling earlier.

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if we asked there will be more down? - that is possible.

All that is needed for BTC to go up is an absence of sellers and just a few buyers can move us.    How long that higher price can last is another matter, but prices are increasingly mobile the shorter the time frame we consider, the bigger issue is getting Bitcoin to close every week a little bit higher then the last till it means something.  We can trade all the way upto 30k now and it'd still not release all worries to the downside, its the full possibilities in the price allow quite a bit more variance then most expect but BTC is super volatile compared to most assets.
     Contrast that large range to recent action and we are adrift quite confusingly with little motion, never short a dull market is the saying quite true imo

Just take the known quote of Warren Buffett about bloods and the streets. People should take that seriously and literally when there's the chance given that we're seeing it right now.

Let's take it that the upcoming halving is just less than 2 years already. Like, it's going to come like a year and a half and that's what basically we're positive for.

Those that have been strong in the market and have seen different scenarios will take this chance and won't let it pass until the next bull comes.

We don't know if next year will be a bull run or a bear run but at the moment, we are still in a bear run, even though the bitcoin price could now reverse direction and be at $20k. Maybe the bull run moment will come next month or at the end of the year and hopefully, that will happen.

And if we guess that a bull run could occur before the halving, we still have to wait more than 1 year. But for the future, the price of bitcoin can still rise higher than the last ATH. And we all certainly hope that after this month, the price of bitcoin can rise and provoke a bull run.

I will say it's better not to expect something big next year, and so personally I will treat it as still in the bear market even if there will be some spike in the price in 2023.

History repeats itself, so I will hold that the next bull run will occur only after the bitcoin halving It has been the catalyst ever since. And so I doubt that it will be broken or we could be seeing ATH prior to this activity. So it's a long way to go for us and we could still buy cheap bitcoin, just saying.

I'm not saying that it will be a problem if we see lower lows by next year or even prior to the bull run. Because that's how the natural lifespan of bitcoin market. So right now it's $17,500 and maybe next year around $15k or less?

Again, those who have experienced here will not panic if the price goes down hard, on the contrary they will take it as a perfect opportunity to accumulate BTC and have the patience to keep it till the next bull market.

If we look at the trend since the beginning of the year it seems that October to the end of the year the price will be red, this is what makes us have to be patient for hold, I'm sure next year the price will rise again and now is the best time to buy.

It will start moving wildly before the next halving, with that I am definitely sure. A big part of investors will likely be in an emotion of FOMO and they would be buying that will increase the demand.
Yes, it's a good buying amount now but maybe there are those who are still expecting for another bear, trying to get the cheapest as they could to maximize the profits.

Bitcoin price has been in the $18500 - $20800 range since September. This has two directions in which the market might go. The first is bullish where there is strong support above the market and it breaks. The second is bearish where there is no support whatsoever for the market and is heading for a new low but that seems unlikely as we are currently in the final stages of forming a consolidation pattern which usually occurs before an uptrend.

I'm kind of optimistic that it will increase next year also but lets not be too confident about that. We can do DCA while the price start to recover . Bitcoin price last two days having been giving some ranging direction of bull and bear trying to breakout to a direction and this is the festive period approaching, we need to be careful and watch out for volatility.

You have a mixture of opinions here. At one point you are saying that bitcoin will create ATH every year or two while on the other hand, you are asking whether bitcoin will recover because of the bad conditions for the financial markets. Well, I think that bitcoin will follow its cycle, and the next all time high will be after the next halving.

Currently, bitcoin follows stocks and overall economic conditions of the global markets, i hope one day bitcoin will be decoupled from all these and pump & dump of its own without external factors affecting its price.

Now there has probably been a normal bounce and the euphoria about this event scares me a bit. Everyone is now starting to talk about a reversal and that a new bull run is coming. I doubt it will happen before the halving as well. It usually happens afterwards. So if this cycle continues, there will be a bull run in 2 years.

Like it or not there will always be people that are like that who thinks $100k is around the corner. I was exactly like that but not for now because I am aware that there is only a limited time left to end this year and I don't think there will be a fast bull run that will happen but my hopes about the bull are resuming next year.

There's also people who believes that the real bottom is not reach yet, that is why they hold on for a while and wait for the price to dip more before they start accumulating. You only think it's not easy to make a timing, in case the price drops but that is you're doing it manually. Don't forget that there are now automation tools that we can use so that we won't miss any good opportunities.

Huge investors will be trying to manipulate the market by creating a huge demand and pumping the price, then suddenly a huge selling is to come out next. Some people will then think about the bull trap.
Well, I have no wonder why some people will think about more drops but the question is "if are we going that way?". Because I was going to assume that we are already been done with it and now we are moving high towards the upcoming halving. However, with the market inflation and economic recession happening at this time, another drop can be possible but never I think of another bottom.

Did you not see green yesterday in the market? or you didn't have time to open the market yesterday to see the price increase that occurred, even though at this time it has decreased slightly again. But I don't think this will continue to happen, because unexpected increases can also occur this year such as declines that many people did not expect. Buying at this time is still a good option, but predicting price increases and decreases, I think, is not always necessary if someone is really sure about his decision at this point.

You have point here, and also I am thinking if the year 2023 is the consolidation time or level. Then I expect we will start to see some upward price action in the first quarter of year 2024 which that is months before the Bitcoin block halving which I believe a huge event for entire cryptocurrency market, not only for  Bitcoin, but also with altcoins market.

No matter what happens if you still have the old version of strategy(That is called HODL) then you must agree that in the coming Halving (or at least after or before) the price will increase so with those? I believe that we are near seeing the moment of truth.

More bearish is already in place now for how many months that we are tasting this process , but at least in today or I guess since recent days that the value is increasing  (little by little) so Maybe we will be noticing some big changes in November?


2023 or at least 2024 will be the beneficial position , and in 2025 will be the best result .

Yes even the bearish season will last longer, it's not a problem for investors who are thinking positively and seeing it as an opportunity to accumulate more.

However not all investors are thinking the same way specially the weak investors who tend to panic everytime the price drop further. Thus, investing is Bitcoin is only for investors who can handle their emotions and able to hold regardless of the situation.

The important thing is that we can prepare for whatever will happen next year to get a good momentum to buy or sell. But I'm hoping that next year's conditions will turn around for the better than they are now and while the price won't be able to soar to the last ATH, it should hopefully hit $30k or more.

If so, we still need to be patient as bitcoin split in half needs to be around 1 year 6 months. But hopefully, before that happens, the bitcoin price can hit a high price and maybe reach $40k-$50k again before creating a new ATH.

Maybe it's because we are currently seeing the price going back to $20k that we think a reversal is happening and this situation will continue. But we should still be careful because this may still be temporary and there is no clue whether this is indeed the reversal we were hoping for or is it just a temporary upside. But if it is a rise before the halving, maybe it will still take some time so we have to be patient again.

Stay cool. Hold on to Bitcoin's annual cycle that it won't be long before we get to that momentum. Hold on before we are in 2024.

If our financial ability is enough to buy, do it. For now, that's what we need to do. Avoid any form of information that misleads the mind of our view in seeing the future of Bitcoin.

All the time when Bitcoin moves above 20000 dollar level I see people starting to cheer up and in a day or two it goes down. I also keep saying that markets still feel bear (or red, you can call it whatever you want), tiny jumps mean nothing. Actually tiny jumps can be more dangerous to price in long run because holders that hold Bitcoin around 18-19000 levels may start to sell and start greater gap between buy and sell orders. It is best to watch Bitcoin right now while getting interest through stable usd coins, in my opinion.

Most likely late in 2024 after the Bitcoin halving. This is where most people are so hyped up.
A lot of people were so concerned about the current bearish run, some are very worried when Btc tends to make an indicator that the dip continued below $15k.
We tend to forget what happened in the 2018 bear market where Btc almost touched the $2k level. It's just unfortunate that there are still those who have never learned how Bitcoin works.

It seems that the market is immediately rising so I'm sure the price will skyrocket starting in October now, it is proven that this week the price has gone up more than 8%, not much time to wait and we should buy a lot before the price becomes more expensive.

While it is true the price has gone up during the last week this is not enough to predict that the price is going to skyrocket from now on, we still have many difficult months ahead of us as we are still far away from the next halving, which as we now it is the best catalyst for a new bull run, so it is important to be patient and wait until we get closer to the halving before we begin to invest massively in bitcoin, as there is still a possibility the price could keep going down.

It looks like the market trend is starting to improve after yesterday the price returned to $20k, and Doge is a coin that is up more than 50% in a day or more than 115% in a week, usually if there are altcoins that skyrocket it will have a direct impact on bitcoin prices.

Even though buying when the market conditions still look red is the best option ever this year, why buy when it is experiencing an increase like now? Because when there is an increase in the market, it is actually an opportunity for those who are already buying at a low price and placing a sell order at the price they want. Although it is still possible to buy again in its current condition, it is more effective and better to buy before the upgrade.

Every now and then someone remembers what actually makes price change. More buyers than sellers > up. More sellers than buyers > down.

I mean, yeah I get it, it's not just about that. Could be a handful of whales overcoming hordes of minnows, but those don't tend to have long-term impact.

So if we go back to market basics, then we have to understand what situation will need to take place for there to be more buyers than sellers. And as much as I want to believe Bitcoin impetus is different from everything else, global economic conditions are far too painful to allow most people the luxury of buying Bitcoin (right now).

If you do it for spot trades maybe you cannot earn huge on small changes not unless if you are a whale which trades daily huge amount. But if you are only trade some low amount much better if you do it on futures because you can feel the certain effect base on what leverage you set. But for long term its best to buy when market is crashing and don't look at the next happening since what's more important is the next bull run since for sure we can earn once bull run will happen again.

More people have their mindset to just buy when there is a pump showing up in the market. We couldn't blame them either because they believe that this is an indication of upcoming bullish. Many people take this as an effective way of investing but I say it was a more profitable way of investing when buying at the red market like these days. I assume people already know about "buy low and sell high", if they are consistent with this, I would say that all investors are really in profit.

Doge pump was due to the news surrounding Twitter and Elon's deal was successful. But I don't think the growth of altcoins will affect the bitcoin price, it must be said that bitcoin itself will affect the price of altcoins. You will never see green in the alts market if bitcoin is not green. Some special cases like doge are hyped by some news but it will also return to the trend of bitcoin soon. Bitcoin is still leading the market, always deciding the next trend for the market.

Based on the facts, I think you are right. It takes time and great things to rehash ATH, but you just have to wait and enjoy this journey until the next ATH hits.

I haven't thought about the bearish ending at the moment, the big discount on the bitcoin price is still going on and you should probably know that the discount is still around 70% of ATH. Despite all the price volatility, you just need to set up a net to buy a lot on the dips but of course after you do some analysis. Long term goals should be your priority, but please don't take this minor bounce as a bearish end as correction can still be expected to knock down the $20K support.

Before down you must go up, theres no momentum downwards or either direction at present.   Seriously if you want to be negative or really believe we resolve downwards we need a run up to clear that resistance in that direction.  So I do think we would have price action something like a rally upto 200 day average at 25k, then we plunge downwards perhaps if you believe that.

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


Here a brief daily chart, we are positive imo.  Maybe its a flag but really only two things to watch, are we to break this range upwards or downwards.  Up could give us a path to 25k and its not too great a target imo

We can see the same scheme in the previous bullrun seasons, the bullish market always happened after Bitcoin halving. No new Bitcoin ATH before BTC halving, and no altcoin season before halving. It proves that Bitcoin halving has a big role to determine the next bullrun season. We can't expect the bullrun season before Bitcoin halving happens. Sure, now is the right time to buy Bitcoin but not many people have enough money. Some people may still many coins in their wallets, they may prefer to keep the coins and don't consider buying. However, if having extra money, it is better to add more assets with top coins.

if you have funds to keep holding then why not? but the main issue here is that how much we can invest in this and how much time we can give in this waiting time.
weak investors are not belong here , because the more we eager to earn in this volatile market is the more we gain nothing.

Just wait and hold this is the perfect strategy still.

Altcoins do not bring bitcoin with them when they go up in value, instead we see the opposite, in which when bitcoin goes up in value eventually this raises the interest of investors in speculating with altcoins and this makes their prices to go up, now I understand those which are invested in this market would like to see bitcoin to react as soon as possible and go up in price, but if I am honest I do not see the bearish trend disappearing soon and they should prepare for bitcoin to not achieve another ATH until 2024 at the earliest.

But the topic talks about Bearish market that may happen in the coming days,  I also agreed that we may see another ATH breaking in the coming years , or at least after the Halving .

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About those days that downing will happen? I'm sure everyone of us expect this if we truly know what this kind of market we are dealing.

and also one thing , lets take that opportunity to buy more while the market is dropping .

where did you get that beliefs mate? about Bitcoin will be carried by altcoins?

It must be recognized that the influence of Bitcoin is very strong in influencing the market, although at this time most trading couples are stable coins but this does not change the dominance and influence of Bitcoin, of course we hope that Bitcoin immediately rises so that it can make Altcoins also rise.

There is no doubt in most people’s minds that we are going to see another ATH, that’s how bitcoin works, we do not just reach a high level never to reach that again, we reach a new high level just so we could break it later on. These resets and the price crashes are a bit about the world economy as well, right now the world is not doing that well and the economy sucks.

When the world economy is in shambles that means there are not that many people who could invest, people do not have money to invest because they are barely surviving, each month is harder and harder, which means that there is a good possibility we will not be able to see the price going up at this moment, but whenever that’s fixed, we will go up again.

Predictions from many experts believe that the market will bearish again, we must prepare, I will also immediately sell if the price of Bitcoin drops again below $ 20K, a difficult decision but as an investor we must always be realistic so as to avoid greater losses.

Not sure if that is the correct assumption though, we don't sell when the price is going down because you are going to lost money in that strategy and remain clam when the price is going spiral. And if you have money, the best thing to do is buy at the dip and hold, this is just a advise though, take it or leave it.

And so if the price continue to decline in the last 2 months, I wouldn't be affected. Besides we are in a bear market and obviously price is going down and there will be bleeding everywhere you look. It's how you are going to take advantage of this bad situation.

Well, for as long as the bear market is here to stay, then it’s not impossible to see bitcoin price drops more. I know it will certainly happen before we will witness a new ATH that is bound to happen every after bitcoin halving. History proves it and I know history repeats itself. So invest more in bitcoin and see where it will lead you in the end.

You can employ whatever strategy that you believe is the most effective for you, however it does not seem as if you are an investor at all and you are a trader instead, after all investors buy when the price of the asset they covet is going down or it has already crashed as that is the perfect moment to maximize the amount of coins they can get, while a trader does the opposite and sells their coins as soon as they believe there is a change in the trend, a strategy that seems closer to what you are actually planning on doing.

sure? you will sell when it drops below 20k? why need to wait when you can sell it now? it is just 1k away from dropping?

sometimes we must decide ahead of time if we are truly wanted to keep safe our funds , but if not? then maybe buying more is much better.

i will keep mine because I bought at the amount of 17k so below 20k won't hurt my investments.

If you are an investor who has plans to sell Bitcoin when the Bears come again. I think you are not a reliable investor in terms of investment and if you sell when the price is below $20K again, you will automatically lose if you ever buy at $20K. Why don't you sell it now if you believe in the predictions of these experts? Wouldn't it be better and more profitable if you sold it now if you were afraid of losing?

I do not think the market will go down below 19k$ again. Though there were various inductive and deductive reasoning in the forum on the up and down prices of the cryptocurrency (Bitcoin). In the area of guest or prediction there is no experts unless the experts are sole controllers of the demand and supply chain, then they can tell me that it will happen like that. As it is Bitcoin is trying to climb up but it is still in the bearish market. In the month of September a friend of mine argued with me that Bitcoin would climb up to 23k before it would come down to 17k again in the month not October then from November it soaring till 2023 for it to reach ATH again. But the prediction did not come to pass.

Dont be bearish till the situation warrants it, of course we can still be bearish after some event or bad selling bout but I dont think its reasonable to ignore that we have good price action right now. 

https://talkimg.com/images/2023/06/12/AIw6a.png

Progressing in this way consistently is enough for me to pay attention and hope we can continue.  Even a price pullback here could still resolve positively if we in some way maintain this trend.   For so long BTC has failed to move especially upwards or downwards, that failure to move lower can easily be bullish by itself in a small quiet way that develops over time. 
  I dont expect a large gain this year but positive action is good development towards an eventual bigger move.

Most of us have this own perception about the sentiment of market in the coming months or at least 2 years in preparation for the next halving season , so it is understandable , while some wanted to see more drops because want to purchase at discounted prices , the main problem is that market keeps showing ups and downs , things that is truly a hard to predict and the HODLERS will succeed in this.

And it is because of this that people should not be investing money when they cannot afford to hold their coins in the case of an emergency, since there is no point in investing so much money in the markets if at the end you are going to be forced to sell your coins at the worst possible time in the market, now some may argue that it is impossible to know what it may happen in the future and no matter how cautious you are you could face several crisis at the same time which force you to sell your coins, and that is true, but most people cannot face a single one without having to sell their coins for a bad price, and this is a clear sign they have invested too much money in this market.

Losses will only occur for short term thinkers since they mostly the one who get affected by certain market movements. Compare to long term hodler we can say that they are always the winners since history always shows that and this is one of the reason why people don't need to afraid on certain bearish condition since this is somehow a accumulation stage in preparation for bull run which may happen on halving season.

Many of us already know that the ups and downs of the price are both beneficial and I believe that a lot of us already bought lots of coins during this bear season but some are just curious to find out if what will be the next to happen. there are threads which says btc is going to rise this time and there is this thread which says that btc will go down for more.

We can check those two threads and decide if who among them are somehow correct. If we believe that btc will fall for more then we need to prepare for that. We will look for ways on how to earn more money but if not then there is no need to pressure our selves of earning more because we can simply sell our btc later on.

The entire cryptocurrency market is at a bear market and the price of Bitcoin and other coins dropped drastically since today this indicates one thing, and that is to prepare for more bear markets in the coming days.
This year 2022 has been a bearish year for Bitcoin and most altcoins and even though many investors are holding for the long term base the market conditions still affect the total Bitcoin value, maybe the bear market will continue till the end of 2023 and opening the way for the next Bitcoin halving which will bring with it the next Bitcoin all-time high price

The current table is progressing as you said. However, if such a decrease can occur within 24 hours, there may be a rise again in the same 24 hours. Therefore, it is difficult for me to make predictions that the bear market will continue until the end of next year. There is uncertainty in the market and everyone is saying different things. I think the best thing to do is to buy Bitcoin at the price range that the person has determined and keep it in their wallet until they go to their destination. Or you need to watch the market without making any purchases. It's hard to talk in an environment of such declines, so we have to do a good risk analysis.

Many of us understand why it's good to keep adding bitcoin to every drop long ago, but I'm sure most of us are trying to stay safe at all costs as long as inflation continues. I mean financial stability is by far the most dominant reason why some people choose to be very careful in investing even when there are good opportunities. I'm worried, of course it's normal so I can't be 100% sure to invest all my funds when the opportunity arises.

We can say that the market was already looking for an excuse to fall. These recent events were just an excuse. In this way, we saw a nice decline. But I don't think this decline will stop with this. I expect we'll see 13 thousand dollars. Cz knew it would be like this in a way. It worked for him, too. Both the market has fallen and the confidence in ftx is over. The important thing will be the next developments.

Wasnt expecting that exchange problems in between binance and ftx could really make soo much effect whereas we've been just seeing it as an ordinary daily news that could happen in the market
but honestly i do have those bad doubts that there's something would happen in the market considering on the essence or vibe of such news and here we are now which we are seeing the price
is going this low or we had never seen before after how many years.Whom who would really be have thoughts on going back on 16k? It could even possibly hit up
10k if this trend or severity of decline would be continuing but lets hope that it wont.

Theres sure to be more tests now this event has negated support, momentum and the recovery a few times over.   how many tests are required to rebuild support is debatable but at least we break from the sideways range I think is quite certain now.  I dont think this exchange was a big enough reason but its not for me to decide.

We must give credit to binance, the crash was manufactured in such a way that it was completely inevitable, the only thing we do not know is how low the price can be pushed, the price is now 17.5k but I would not be surprised if the whales were interested in making the price to go as low as possible and they shorted the market, then they could create even more FUD and watch the price crash again, destroying the confidence of investors in the process and give themselves months to buy bitcoin for sub 15k prices.

The Bitcoin price shock to test how strong the belief is in choosing Bitcoin as an investment just happened.
$15,880.78 closing price on Nov 09, 2022 and for us it is a test of weakness or strength in holding on to Bitcoin.
There is news about FTX stopping access for withdrawals and other problems that have made many people hesitate to continue investing in Bitcoin.

Again, stay relaxed.
For us, this decline is normal because Bitcoin was once far from its current price. But what about the new ones?

The decline in the price of Bitcoin due to the chaos between the two largest exchanges I don't think will last very long although at this time the test of patience for those who hold Bitcoin must be implemented immediately because I am still very confident that Bitcoin can still rise again this year to the price of $ 20K.

There is now a lot of news about FTX and Binance circulating from early November to now and I will tell you about the cause of the havoc that the two biggest exchanges (Binance and FTX) have wrought. You can take a look at cointelegraph.com where the story between cryptocurrency exchange Binance and FTX quickly unfolds and here are the details.
Source: https://cointelegraph.com/news/ftx-and-binance-s-ongoing-saga-everything-that-s-happened-until-now

Some people are still relaxed about this catastrophe, but some people seem to panic and even release their assets into the market. For other things that are new I also do not know it.

All opportunities can certainly happen and make us always have to be vigilant, the FTX case made the market cloudy so that it created panic, bitcoin that went up like a crawl had to plunge and create an opportunity to plunge below $15k this month.

The price that is going down lately can be linked to it IMO. Bitcoin almost have recovered and climbing above $20k and suddenly started slumping down to $17k. I hope that this December season can bring it back to recovery otherwise we may keep seeing more falling in 2023 because it is a year preciding the halving and usually it goes bear at such time.

$20k a very low target. We see $20k initial support price although currently Bitcoin price is trying to rise to $18k price.
On the one hand, the case between the two largest exchanges made market activity a bit chaotic. While on the other hand there is an attempt at play to mess things up.
But we still firmly believe that this situation will change over time.

Opportunities to fall lower for Bitcoin are still very much open, but if the FTX case and the panic of traders start to disappear in the near future, then for a lower price reduction on Bitcoin it will be a little difficult to happen because the opportunities that exist now will be exploited again by investors. traders to increase their portfolio to more and more amounts and it also opens up opportunities for another increase in the price of Bitcoin.

Last week I was optimistic that the price would continue to rise and touch $ 25k, unfortunately the big case, FTX, made panic and had a big impact, FTX had a greater impact than Luna because it was proven that many investors sell assets and make large pressures and if FTX did not recover it would have more impact Large is the price can drop below $ 15K.

Yes, that's right, most likely the market will continue to be bearish until 2023 in terms of news and market sentiment, also not a few analysts and media say it makes Holder desperate.
what happened to the FTX, scares holders big and small today.

but it's prophecy and prediction, we don't know what will happen the next day after this incident.

but could this be an opportunity for us to save some money and buy Bitcoin at the lowest price later and keep it for a few years? I guess I'll tell some of my friends about this.

It looks like it will stall at $16k this year and my assumption won't be any further below that price for the next few months. The FTX case and the market panic caused by the acquisition of Binance had an impact on the current market reaction, this prompted traders or investors to withdraw, but it seems that this has not found a common ground, resulting in a very slow FTX settlement process. Hopefully the FTX case is not the same as Celsius, because traders need FTX as one of the best exchanges ever.

After the drop caused by FTX there was a small recovery, but once again the price is very close to go below the 16k level, and at this point if we were to suffer from another scandal there is no way to know how low the price could go as people are still in a state of panic since we have suffered many scandals during this year, but while this could be bad for us during the short term if you decide to invest in bitcoin right now you could accumulate huge profits in the future, so while I am sorry about the people which are selling their coins now, I think they still hold some responsibility by letting whales scare them so easily into selling their coins.

There's a possibility for the price to turn downward further if there's no good news that can bring back the confidence of the investors to buy and hold. Many of us now are panic selling and lose hope that Bitcoin will recover. These people are often the weak investors who don't have the courage to wait patiently, even in past bear season, weak investors tend to act that way everytime things are uncertain in crypto. We can see at this time the importance of having knowledge before investing because it can help you to better understand the situation and can think of the best thing to do in times like this. If you join the ride because of hype, it is likely you're one of those who will panic because of fear for your invesment.

Some investors simply withdraw from the FTX exchange and they do not withdraw from other exchanges. This clearly opens up the possibility that they run to another exchange that doesn't have any cases or problems to make a purchase at a lower price before things escalate again and return to normal.

After all, in this case only FTX is the victim, while Binance is still very safe to use as usual, because Binance is not an exchange that runs away from problems, but Binance is an exchange that always likes to solve problems for the convenience of its users.

Whenever a good movement is expected in the market, the market again takes a big turn for any negative reason. As happened due to Luna Crash. I just saw another big decline when the market was closing at $21000 after a long time and then the price fell again due to FTX going bankrupt. According to the current situation, I don't think the market will be in a very good position until 2024.

I really doubt this. It looks like the market is trying to overcorrect itself when it tries to go up and then it causes a bit smaller crashes as a response. But, just keep at it and you will realize that there is absolutely nothing wrong with the price and it could go up. Just allow it to go up slowly, and have patience and I promise you that the price will be 20k+ very soon.

Many people react to these falls with panic, and they end up selling when they should be buying, which of this causes trouble for them. There is a good chance we could end up with a good deal if we buy right now and just wait for it to go up, it is so low that there isn't really any bad side to it.

and i think we passed the test because the dumping stops now ,  because after falling to 15k level
now we are seeing it grow to 17,500 and looks like there is more to come this November .
with that I believe that we  will be in good shape in this coming December , though the problem will not stop here because surely in 2023 there is lot bear to happen.
we are use to it mate, we have seen this so many times before and that helps many of us to re buy after selling .

Not in the near future, did you know that since the FTX case has strengthened on social media, many investors are starting to get sluggish in entering the market, they monitor the case development process, this clearly has an impact on a crisis of confidence in the exchange, even though they may use other exchanges in the near future to trade.
It's not a matter of responsibility or not, it's more a crisis of confidence that's currently hitting the FTX market, so that negative sentiment is still building and will affect the market in general, this has an impact on investors not to rush in taking opportunities.

it looks like indeed , for so many times this happens , whenever there is a good hype? things like this will happen and make the market drops.
and there are so much thread and post created that we will see a 10k dump, though I still trust the bitcoin can hold strong but opportunities to come is still there for this bad expectation.

Yes, bearish market is about to disappear for bullish market to come for those that invested in Bitcoin and other cryptocurrencies to use the opportunity to make a huge amount of money from their investments. I think, this month of November and December is a months that will show positive signs to investors that bullish market will be massive in next three months to allow both long term investors and short term investors to embrace something passive from their investment. I don't think, this bearish market will reach December 30th before the bullish will start affecting investors in the community.

I do not really understand where your optimism is coming from, even without the current news I would find difficult to believe that the market will experiment a huge recovery when we are still in the middle of the bear market, but now that a new exchange has fallen and there are rumors which indicate other exchanges may follow then it is almost impossible for any kind of positive movement to appear in the market, as the conditions are simply not there for such a thing to happen.

exactly , even though we are going near December in which most of the time are showing us good increase but nowadays ?when there are so much things in bad that in the market?
maybe we will see different December now and may continue this downtrend till the end of the year.
I am still hoping that there will be at least 30k increase but I think there is no wrong in giving just this year .

Yeah, I will assume that those who have been preaching that hasn't experience the bearish trend, it's full cycle and what it bring to investors big or small.

So I have no doubt that even next year, we will continue to see this bearish trend and maybe another lowest low, which will really put a lot of panic and shock again. Nevertheless, as we've seen, the bear cycle is hard, but it has to come to an end. The catalyst will be the halving in the first half of the year, so just have to be very patience from now on till the bitcoin block halving.

On the contrary, take advantage of every dip and buy cheap BTC.