Bitcoin Forum

Economy => Speculation => Topic started by: crypticj on April 20, 2023, 02:38:19 AM



Title: Bitcoin is going down.
Post by: crypticj on April 20, 2023, 02:38:19 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.


Title: Re: Bitcoin is going down.
Post by: thecodebear on April 20, 2023, 02:45:27 AM
lol. Bitcoin has been going up because the bear market ended a month ago. That is the only reason it needs to go up.

You don't need to freak yourself out just because it is range trading. This is normal buddy.


Title: Re: Bitcoin is going down.
Post by: crunck on April 20, 2023, 02:53:44 AM
I agree that what is happening is not a real bull run, this is a short term bull run, and bitcoin could still correct below $20k anytime. But if I say that this is not the time to buy bitcoins, I disagree entirely. No one can be sure bitcoin will drop again, it's all just your baseless prediction. And if compared to the old ATH, the price of $30k is a very good price to accumulate bitcoins.


Title: Re: Bitcoin is going down.
Post by: Dickiy on April 20, 2023, 03:04:29 AM
Decreases and increases are normal regardless of what news is circulating that affects bitcoin experiencing increases and decreases.
The right time to buy bitcoin is when it is declining because it is possible for us to get a price bounce or price bounce from the lowest point of the price time frame, although with many of the indications that you mentioned until today there has been a decline I think from a while ago that too has no effect on the previous increase in price.
What might happen in my opinion is because we are about to face the Muslim Eid so it is possible that many people are liquidating their bitcoins for celebration.
I don't think why not move to the board of speculation polls.


Title: Re: Bitcoin is going down.
Post by: Helena Yu on April 20, 2023, 03:11:05 AM
Do you think there's a reason behind of Bitcoin price increase from $20K to $30K? relying Bitcoin price through FED interest rate is kind of non sense, Bitcoin doesn't depends to FED.

I'm not saying Bitcoin price will decrease, but the price will be around $25K-$40K-ish and it's still good to buy Bitcoin before the price will surge after the halving season.


Title: Re: Bitcoin is going down.
Post by: SquirrelJulietGarden on April 20, 2023, 03:11:51 AM
So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.
You wanted to call for its falling since January. Bitcoin 12,000 in 2023. (https://bitcointalk.org/index.php?topic=5437420.0) and after about 3 months, you succeeded, congrats.

You made many topics to self satisfy your callings which make you like a Bitcoin Bear.
Quote
Bitcoin is going down.
It's NOT a good time to invest in BTC.
Bitcoin has a bad reputation (we should fix it)
Ultimate (simple) guide on when to buy Bitcoin.
Bitcoin usage in crime activity.
Bitcoin can't become world currency (at least now).
Do you feel bad while paying with BTC?
Bitcoin will pump soon? Lower interest rates in june.
Bitcoin price. Inflation persists.
Bitcoin will (probably) go lower.
The best time to buy bitcoin.
Bitcoin 12,000 in 2023.

Quote
So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
Depends on each person vision for their investment. If I plan to invest in Bitcoin for 5 years and I see the market is bearish, 2 years since the past all time high, I won't hesitate to buy bitcoin at any price just one year before a next block reward halving.

Quote
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.
Don't rely on FED. Don't wait for FED policy decisions to find bottom of bitcoin and don't time the market.


Title: Re: Bitcoin is going down.
Post by: Poker Player on April 20, 2023, 03:16:09 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.

You're a pain in the ass, dude.

Now is the right time to buy Bitcoin, whatever you say, because buying Bitcoin has to be done with a long term vision, at least one cycle view and better if there are two. We will see the current prices as a bargain in 5 or 10 years, regardless of whether the price goes up or down a little these days.

You wanted to call for its falling since January. Bitcoin 12,000 in 2023. (https://bitcointalk.org/index.php?topic=5437420.0) and after about 3 months, you succeeded, congrats.

Good one that one, the OP is either a nocoiner or a fucking troll and I don't know which is worse.


Title: Re: Bitcoin is going down.
Post by: Darker45 on April 20, 2023, 03:25:56 AM
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET.

What might happen in my opinion is because we are about to face the Muslim Eid so it is possible that many people are liquidating their bitcoins for celebration.

Quote
The government sold it on cryptocurrency exchange Coinbase – just like millions of other crypto traders, who have been characterized as 'degenerates' and basement-dwelling geeks in the past three years since digital currencies took off in popularity.

The only difference was size. The government's transaction was for 9,861 Bitcoin, sold for a total $215,738,155.

'There remains approximately 41,490.72 BTC, which the Government understands is expected to be liquidated in four more batches over the course of this calendar year,' Felton wrote in a sentencing memo for Zhong filed on March 31.

Hmm, could it be that this has something to do with Bitcoin struggling to keep above the $30k?

All this I've read today. These are all speculations. There are certainly many more of them trying to explain why the price of Bitcoin is going down. Well, for all we know, Bitcoin's price is always rising and falling.

Notwithstanding all of this, however, I advice that if you have the money, use a portion of it to buy now. People were bearish when Bitcoin's price climbed all the way to $30,000. People then turned bullish, and the price fell to $28,000. Nobody can make accurate predictions. Start averaging now.


Title: Re: Bitcoin is going down.
Post by: moneystery on April 20, 2023, 04:05:33 AM
Nah bro, I don't want to listen to the advice of someone who says something without a clear basis and only based on their personal opinion.

What you say is quite reasonable, indeed we are currently in a sideway position, but that doesn't mean that buying Bitcoin right now is not right, it is very right.

Stop giving FUD to people and glorify USD.


Title: Re: Bitcoin is going down.
Post by: raumonds on April 20, 2023, 04:08:44 AM
I appreciate your insight, but I think I'll stick to my investment strategy and not let the fear of a market crash dictate my decisions. It's all about the long game


Title: Re: Bitcoin is going down.
Post by: Nrcewker on April 20, 2023, 04:25:38 AM
My friend, I don’t agree with you on certain points that you have mentioned. Bitcoins only increase in price, when the demand for the coin increases. The supply of the coins are fixed and hence when the demand of the coin increases, in order to fulfil the demand the price automatically goes up. This price decrease is just a little correction. So yes, we have to accumulate as many Bitcoins as we can. Bitcoins will definitely break the all time high price this year, so yes without wasting time, we have to think wisely and invest appropriately.


Title: Re: Bitcoin is going down.
Post by: Ultegra134 on April 20, 2023, 04:35:56 AM
I understand your point, but I don't quite agree with you, nor do I get why you're so persistent with Bitcoin's fall, since this isn't your first post regarding this matter. I highly doubt that we'll see another major drop in price; it might drop back to $25,000, but it's not that big of a deal; it'll just create another opportunity to acquire more Bitcoin. The economy isn't at its greatest point, I agree, but cryptocurrencies won't be affected that much at this point unless something awful suddenly happens.

You're in a Bitcoin-related forum constantly talking about its fall; don't expect to not see a negative reaction from other users.


Title: Re: Bitcoin is going down.
Post by: BenCodie on April 20, 2023, 04:45:29 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

I am starting to love your posts crypticj, but for the wrong reasons. You are a perfect example of an terribly researched person who knows very little, and yet thinks they know very much to the point where they think they can give people advice and almost tell them what to do. It's entertaining to the knowing eye...it's sad for those who are actually following your words.
 
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

It was very sustainable. Some reasons for the growth:
- FTX and LUNA collapse during 2022 caused artificial devaluation of the cryptocurrency market
- FTX recovering $7.3billion worth of assets (that were probably liquidated and are now ready in fiat) will probably be reinjected into the market
- The collapse of large banking institutions and the following further devaluation of the U.S. dollar via stimulus and liquidity injections to keep banks alive
- Relating to the above, people seeing clearly that Bitcoin is a must-have in their portfolio if they want to protect themselves from further USD devaluation.

So I want to remain you guys again that right now is not the time to buy bitcoin.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.

Stop giving people financial advice. You are not a licensed financial adviser and I guarantee that you are probably going to at best end up making a fool out of yourself in the end and at worst make a gullible sop angry at you for providing such confident claims.

Inflation is still high...

Inflation rising is good for Bitcoin, as it devalues USD which makes Bitcoin stronger against it in the mid-long term.

...interest rates are still getting higher, FED is not planning to stop any time soon...

Increasing interest rates now means more pressure on bank liquidity and therefore more liquidity stimulus from the fed, therefore devaluing USD, therefore higher bitcoin value

...and the economy is suffering.

Weakening economies forces people to find alternatives. This is good for Bitcoin in the mid-long term. Also good for gold/silver.

But I believe we will see the end of it this year, probably in Q4.
I'll agree with one thing, that this temporary run (which will probably end around 35-50k and return to 30k after its peak) is probably the precursor to a much larger run following. I disagree that Bitcoin will get any cheaper than 20-25k, if it even hits these levels again without unnatural forces.


And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

You're talking as if there is a possibility that rates will be cut consistently and that the economy will magically recover. What strong evidence do you have to support this view other than your beliefs? The rates will probably not be significantly cut for a long time. In my (well researched) opinion, this is the start of a long dragged out and painful financial downturn.



Title: Re: Bitcoin is going down.
Post by: JamesBorn on April 20, 2023, 04:48:27 AM
You can't entirely be true about the price still going down. The bears time has taken a long shaped and we understand it might probably as a result political decline interest by country's government policies or inflation as the case may be but looking lately the bulls strength is really records strong possibility of bullish. We can not totally disagreed with you either because of the little shift and drops in price.

https://i.ibb.co/PQm2DS3/Screenshot-20230420-053617.png

Looking at this charts is current price chart which indeed over the week it has shown up threads but since yesterday the price is down again with M indication of going down but still the bulls signal strength makes sense of possible price bullying. Let's just watch and see that's all I can said. No one will really tells, if you can wait a little before buying is fine, if you can still buy now too is fine.


Title: Re: Bitcoin is going down.
Post by: Oasisman on April 20, 2023, 05:03:43 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

SO! Are you suggesting everyone to start buying when Bitcoin starts to go up? That's not a good indicator though and that's not good investment mindset, rather not maximizing the potential for Bitcoin's profit.
See, this is how most of the old members here are trying to highlight the importance of DCA, especially when you're in a huge doubt on when to have a perfect entry point.
What you're suggesting would most likely let the investors miss this opportunity to add fractions of Btc while it's still considered affordable.


Title: Re: Bitcoin is going down.
Post by: worle1bm on April 20, 2023, 05:42:18 AM
So what do you expect from the market that it always goes up? We have not yet entered the bull phase and these little pumps were because of small investments again but now the volatility is hitting again with some people cashing out the $30k mark so it's normal.But if we start creating threads like it's going down then we are wrong because those who know about market conditions have idea that it will grow after some time even more strong.


Title: Re: Bitcoin is going down.
Post by: hugeblack on April 20, 2023, 05:48:52 AM
The current price is still good, as we started from the price of 17K, so the current price is good, and the price is higher than the previous support level, which will turn into a long-term resistance level, and therefore this may be the last opportunity to buy bitcoin at a cheap price.
In general, do not be late, because when the train is moving, it is moving quickly. ;)

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
This is the worst advice you can give a person, stablecoins are at their worst right now and it is dangerous to keep a lot of cash in them or at least believe that they have value for the long term.


Title: Re: Bitcoin is going down.
Post by: davis196 on April 20, 2023, 05:57:49 AM
The Bitcoin price will drop below 30K because many traders, who bought BTC at 17K-22K USD will sell and cash out the profits. The demand for BTC isn't stable enough to form a FOMO phase and push the price way above 30K.
We shouldn't pray for the mercy of the Federal Reserve to lower the interest rates and help for pumping the Bitcoin price.
I keep repeating that the crypto winter isn't over and the lest price pump is NOT a bull run. 
It's funny how people, who aren't experienced enough on crypto trading give financial advice to people, who are active crypto traders for years. Freaking out because the Bitcoin price dropped by 5%, 10% or 15% is total newbie sign. ;D Bitcoin is volatile and it will always be.


Title: Re: Bitcoin is going down.
Post by: LogitechMouse on April 20, 2023, 06:44:34 AM
With so many threads that you've created, and the way you shared your opinions on them, I think that you're a troll who just want an attention.
I mean there are 2 things that you are doing here. It's either you address us with "crypto bros", and create a thread, or you will just randomly posting an application post in different signature campaigns (even with 1xbit who is a known scam website).

Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
And when Bitcoin goes up again, you will create another thread again telling to us that, Bitcoin is going up again then blah blah blah. Right?
Well, to answer what you're saying, $30,000 is acting as a psychological resistance right now, so it's normal to see sellers at that price thus, putting the price of Bitcoin to go down.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.
Ahhhh... here we are again with some of your "FRIENDLY ADVICE". 10 for effort I guess. :)
You're just speculating like what the other people are saying, so why do we need to take your advice on us?

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
I guess if there's anything that I would want to take with what you said, it's this one. Not stablecoins though, but cash. Just to have some money if I need to invest.
Currently, I'm waiting for some signals before I buy Bitcoin. A little bit of TA is good enough already because after all, I'm doing DCA, and don't care about the price that much.

Have a nice day and take care.
Have a nice day and take care as well.
Wait I have an advice for you. I hope that 1xbit will accept you in their scam campaign, so DT members here will give negative trust to you. :)


Title: Re: Bitcoin is going down.
Post by: aoluain on April 20, 2023, 06:47:05 AM
There are many reasons why the Bitcoin market is falling a bit, davis196 makes a great point
there above and its so simple.

The bottom line is the markets are ALWAYS being pulled down and pushed up, sometimes
the pullers are winning, sometimes the pushers are winning, but when you zoom out
enough its clear the pushers are winning.

If you are a proponent of the DCA system, this current fall wont trouble our sentiment...
we just buy more.

OP is just trolling, probably wants to buy at $15k


Title: Re: Bitcoin is going down.
Post by: TheUltraElite on April 20, 2023, 06:50:16 AM
Let it drop, what's the problem in that. If your base of buying is good you should not be panicking or second guessing yourself. But if you are someone who is skeptical about the future of Bitcoin then I suggest you stay away from it for your own sanity.

Whatever be the reason behind a drop it is not possible to prove it but only assume. Hence the search for that is futile, but the good thing is that you can use it as a pointer to buying.

I would say wait and watch and if prices go below 25k or lower, then buy.


Title: Re: Bitcoin is going down.
Post by: Cryptmuster on April 20, 2023, 06:54:44 AM
So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Actually, bitcoin was worth buying when it was near the 20k level and below, and since the beginning of this year we have seen growth with minor corrections, so when you talk about falling it sounds just as unreasonable, it's just your guess, but how it will be on we don't really know. Anyone who has not yet bought bitcoin and continues to wait for a fall can wait until the price rises above 40k and no longer falls below...


Title: Re: Bitcoin is going down.
Post by: Jating on April 20, 2023, 07:37:59 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

Supply and demand, that is the one of the biggest reasons why bitcoin will continue to go up.

I'm sure you know that in January this year alone, bitcoin rose to 40%? I bet you didn't know that because you keep on telling us that this is not the right time to buy and that the price will not go up.

On the contrary, the market has proven that you are wrong.

And if you are waiting for the price to go like $15k or reach another lowest low for this year? that possibility might not come.


Title: Re: Bitcoin is going down.
Post by: Minecache on April 20, 2023, 07:48:23 AM


So I want to remain you guys again that right now is not the time to buy bitcoin.


When bitcoin dropped to $15k in 2022, many people said like you and believed that $15k is not the last bottom of the bear season, so don't rush to buy bitcoin. After all, you know, as a result many people missed the bottom and had to buy bitcoin for $20k or more because they waited for the price to drop lower to buy.

No one knows if bitcoin will go up or down tomorrow, so don't wait for low prices to buy. What you are saying is theoretically reasonable, given the current economic situation, bitcoin is highly unlikely to continue to move higher. But that's just our speculation, just as we don't believe bitcoin can go from $15k to $30k early this year, but it happened, and all of our predictions are wrong.


Title: Re: Bitcoin is going down.
Post by: Warkop on April 20, 2023, 07:51:29 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

Supply and demand, that is the one of the biggest reasons why bitcoin will continue to go up.

I'm sure you know that in January this year alone, bitcoin rose to 40%? I bet you didn't know that because you keep on telling us that this is not the right time to buy and that the price will not go up.

On the contrary, the market has proven that you are wrong.

And if you are waiting for the price to go like $15k or reach another lowest low for this year? that possibility might not come.

Agree with you, that the decreasing supply of Bitcoin will continue to increase in price, and even that in a 4 year scheme bitcoin will continue to increase and decrease, so far it has been increasingly difficult for people to buy or look for free of any kind that is in several related sources  with bitcoin, even this looks very natural every year so the more widespread the growth of bitcoin will be the more difficult and reduced the supply of bitcoin in the world, and of course it will increase the hagra of bitcoin itself in the future..


Title: Re: Bitcoin is going down.
Post by: Russlenat on April 20, 2023, 07:55:48 AM
Bitcoin is going down? Yes, you are right, but that doesn't necessarily mean it will continue to go down. With the movements in the past few weeks, it gives us a sign that the bull run could probably be here.

I respect your opinion, but I've seen a lot in the past already, all kinds of FUD, and yet Bitcoin is still standing with thousands of traders and investors.

If we look at the YTD data, it has almost doubled its price already, with the lowest price being at $16k. So, there's no need to panic and believe that Bitcoin is going down. Let's just look at the big picture.

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


Title: Re: Bitcoin is going down.
Post by: goldkingcoiner on April 20, 2023, 08:02:21 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

Another Fudder who makes posts that scares newbies into selling their stash. Good job.

Bitcoin always goes up and down. It has been going up, now it is going down. The best time to buy Bitcoin is when it is going down. So telling people to only buy Bitcoin when its going up is a recipe for disaster. Next you will be telling everyone to sell their Bitcoin when its going down. Buy high, sell low, huh? That won't work.

You might also want to hold off on "recommending" any kind of financial advice, as you are currently doing. People have gotten in big trouble that way before.

I see absolutely no reason to trust your half baked strategy of not having a strategy and just trading by emotion, as you seem to be currently doing... ::)


Title: Re: Bitcoin is going down.
Post by: Mr. Magkaisa on April 20, 2023, 08:02:35 AM
     -   Whatever is happening now in the market of bitcoin's value is still normal in my opinion because as I think the movement of prices in the market is always unpredictable. If its price goes down, it simply means that as holders and investors of bitcoin, we only buy it and hold it in our wallets.

They said that they will still apply DCA until we are not at the point of a bull run, this is the only thing we can do for now and the long term holders of bitcoins have nothing to worry about, to be honest.


Title: Re: Bitcoin is going down.
Post by: wxa7115 on April 20, 2023, 08:11:53 AM
I agree that what is happening is not a real bull run, this is a short term bull run, and bitcoin could still correct below $20k anytime. But if I say that this is not the time to buy bitcoins, I disagree entirely. No one can be sure bitcoin will drop again, it's all just your baseless prediction. And if compared to the old ATH, the price of $30k is a very good price to accumulate bitcoins.
Anyone that thought this was a bull run were deluding themselves, the conditions for a bull run to happen were simply not there, the current movement was a reaction to the drop on the price caused by the bear market we experimented during the previous year.

And since the price had most likely reached the bottom during that time there was no room for the price to keep going downwards, now it seems the upward correction was too strong and we are experimenting a small drop, which is nothing to be worried about as it was impossible for the positive movement to go on indefinitely anyway.


Title: Re: Bitcoin is going down.
Post by: Dr.Bitcoin_Strange on April 20, 2023, 08:28:12 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

OP, if you see the market going up again, let's say above $35k, what will you advice then?

We might not have entered a bull market yet, but again, you can't be so sure on the market's movement. By telling people not to buy, you forget that there are different kinds of investors that are buying Bitcoin every day with different intentions for how long they want to hold their coin. Even at the $30k mark, there were still a lot of people who bought Bitcoin. Although I am not certain about the BTC price during next year's halving, but I am bullish, so if someone buys Bitcoin now and holds it till the halving period, they will still be making a profit, unless they choose to sell off then.

Is it better to be DCAing because the price may not sink below $25–20k? is just my opinion.


Title: Re: Bitcoin is going down.
Post by: btc78 on April 20, 2023, 08:32:59 AM
No wonder why you created more threads about Bitcoin not having a good day?

and if bitcoin is going down? then this is the best way to invest because what I do believe is that Bitcoin bear already end last month and what we are having now are just correction and of course with FUD like yours , it may bring some negative impact but that is just for a while.

but trust me , I am not the one who will be alarmed with the situation now instead I will take this another chance to purchase.


Title: Re: Bitcoin is going down.
Post by: Zlantann on April 20, 2023, 08:49:17 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

These are your personal views because Bitcoin has gone through all these changes and the price remained stable. Gradually Bitcoin is building the capacity to withstand these external forces. This type of post increase FUD which is not the right kind of information to spread. The price might go up in a few days because you can not accurately predict the market. I am sticking to my investment plans regardless of the information people push out. Some currencies lose value drastically so converting Bitcoin to a stablecoin or fiat might not be a good decision because it can become worthless within a short period.


Title: Re: Bitcoin is going down.
Post by: Hypnosis00 on April 20, 2023, 09:13:06 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.
Well, I could assume that you are right but never I think how an investor will say that Bitcoin has NO reason to grow. If you are a stablecoins holder, I suggest you just focus on it and never talk negatively about Bitcoin because whether you like it or not, people never think about if it is the perfect time to buy or not, what is important for them is they have Bitcoins in their wallet ready for the next Bullrun. Besides, we are not even sure what will happen a few days from now, and remember that the market is unpredictable and it pumps without telling anyone.


Title: Re: Bitcoin is going down.
Post by: Jet Cash on April 20, 2023, 09:19:12 AM
In my opinion, all the reasons you give for not buying Bitcoin are the reasons you should be buying Bitcoin.


Title: Re: Bitcoin is going down.
Post by: jeraldskie11 on April 20, 2023, 09:33:09 AM
I believe the market is currently experiencing a retracement. There is an unfilled gap that must be closed before the continues to rise and set a new record. Unfilled gaps do not have to be filled in order for the price to rise higher, but if demand is insufficient to produce a new high, the price will fill the gaps below to drive the price higher. Because there's lack of demand, the price will going to reach the order block. There are many traders who are waiting for the price to go to that level so that they can join the increase of price.

I will only consider the market bearish if the price breaks the market structure's strong low.



Title: Re: Bitcoin is going down.
Post by: Marvell1 on April 20, 2023, 09:47:14 AM
In my opinion, all the reasons you give for not buying Bitcoin are the reasons you should be buying Bitcoin.

What he said makes me feel like he's trying to spread Fuds to scare people and dump their bitcoins, and he's quietly accumulating cheaper bitcoins. But I'm sure that his plan failed, people will not naively believe these bullshit speculations.

OP, if talking about the best time to buy bitcoin was when bitcoin dropped to $15k last year, and I bet you missed this bear season bottom too. The market is unpredictable, and the longer you wait, the more you regret it later. Instead of waiting, why not use the DCA strategy?


Title: Re: Bitcoin is going down.
Post by: Crypt0Gore on April 20, 2023, 09:54:35 AM
Bitcoin is doing the exact thing it supposes to, I don't know what your expectations are but if you think that we are going down into another bear market you are wrong, I don't know any many still think that whenever there is a correction it is a bearish movement, it's not, the Bitcoin chart is still looking healthy and I believe there will be more bullish momentum soon.

Even if it drops back to, let's say 15k, there is nothing wrong with this because it's another good buying opportunity, long time ago I used to be scared of any price pullback but now I understand why pullbacks are good and healthy for the market, it also comes with good opportunities.

Every price retracement is a good buying opportunity.


Title: Re: Bitcoin is going down.
Post by: PIMPdev on April 20, 2023, 11:32:08 AM
Bitcoin is doing the exact thing it supposes to, I don't know what your expectations are but if you think that we are going down into another bear market you are wrong, I don't know any many still think that whenever there is a correction it is a bearish movement, it's not, the Bitcoin chart is still looking healthy and I believe there will be more bullish momentum soon.

Even if it drops back to, let's say 15k, there is nothing wrong with this because it's another good buying opportunity, long time ago I used to be scared of any price pullback but now I understand why pullbacks are good and healthy for the market, it also comes with good opportunities.

Every price retracement is a good buying opportunity.

Exactly. I stopped worrying about pumps and dumps, I know that in the long-term BTC will melt faces. Every dip I see as an opportunity.


Title: Re: Bitcoin is going down.
Post by: Japinat on April 20, 2023, 11:56:42 AM
As you can see, bitcoin is going down and I believe that it will keep falling.


How low will it fall?

I see FUD here, but it's normal since not everyone really believes that Bitcoin will pump. What we have witnessed so far this year, for me, is a bullish movement of the market. The price has already increased significantly this year, so I don't mind seeing it dump a bit since I believe a correction is normal to ensure that the market will have a long-term bullish movement.


Title: Re: Bitcoin is going down.
Post by: dlightag on April 20, 2023, 04:53:18 PM
Bitcoin price can not be predicted by anyone, by knowing the actual time of the next bull run, but is good position to buy at any given dip or clashing price, which every Bitcoin investors target is the entry point for a profits after a short time or long time holding, therefore the current situation price of Bitcoin is an another opportunity to buy and hold.


Title: Re: Bitcoin is going down.
Post by: death69 on April 20, 2023, 05:17:01 PM
Bros, compatriots, and fellow earthlings, lend me your auditory organs! I've got a ripping yarn about Bitcoin's rollercoaster ride.

You might think Bitcoin's latest nosedive heralds impending doom, but chillax! As a sagacious philosopher once quipped, "A coin that soars must also plunge, and who knows? Perhaps it'll skyrocket again!"

The lowdown is, nobody's got a crystal ball for this market. However, by crunching numbers and scrutinizing market trends like a boss, we can up our winning chances and make savvy calls on when to buy, sell, or hodl.

So, to all you crypto wranglers, giddy up! Keep your peepers peeled for market cues and pointers, and don't be spooked to change tack when a fresh gust blows your way.


Title: Re: Bitcoin is going down.
Post by: Litzki1990 on April 20, 2023, 05:37:09 PM
The Bitcoin market has been seeing some changes for just two days. And this change is negative for Bitcoin. From where the market used to hover between $30-31K the market has suddenly reached $28K. 

Suddenly, some bad news about Bitcoin has hit the market, which is why people are selling their Bitcoins. A few days ago the market moved from $30K to $28K but from there the market recovered again but according to your information the market may go down further from $28K. But I still want to trust Bitcoin. Hopefully the dumping in the Bitcoin market is temporary. Market will recover soon.


Title: Re: Bitcoin is going down.
Post by: Yatsan on April 20, 2023, 05:55:46 PM
Not only bitcoin but majority of the cryptos in the market
 My take on this is correction. If we would recall, the market price of cryptos continuously increased in a consistent manner which makes it less surprising to know that correction would occur given that there is a long overbought on a particular price area. Right now, we won't know how low will the price fall so for now, waiting for things to calm down or stabilize would be the best thing to do than to go either against or with the flow of the market price. Waiting for its bottom would be a hard thing to do so atleast manage the expectations; things won't be certain. Price of Bitcoin could fall 'til 28k or even 24k if market would allow. So for now, wait.


Title: Re: Bitcoin is going down.
Post by: DiMarxist on April 20, 2023, 10:14:28 PM
the market will remain to fluctuate and it is highly unlikely that the bitcoin market will not be stable. Bitcoin rising and falling is normal in the market, so it's doesn't matter because  The market of bitcoin price will continue to speculates until infinity, invest when the price of bitcoin drops,it is a good time to increase DCA buying and return to normal when the price is out of limit or start to recovery and the of long term.But before you invest you have to understand the market and the risk involved. The price of bitcoin market is unpredictable.


Title: Re: Bitcoin is going down.
Post by: Taskford on April 20, 2023, 10:38:33 PM
Not only bitcoin but majority of the cryptos in the market
 My take on this is correction. If we would recall, the market price of cryptos continuously increased in a consistent manner which makes it less surprising to know that correction would occur given that there is a long overbought on a particular price area.


Nothing new about this since normally once bitcoin goes with good pumps for couple of days these correction things always comes next. So its not really good to get panic with this situation since you will just lose your money if you freak out on small movements since recovery would provably came with it.


Right now, we won't know how low will the price fall so for now, waiting for things to calm down or stabilize would be the best thing to do than to go either against or with the flow of the market price. Waiting for its bottom would be a hard thing to do so atleast manage the expectations; things won't be certain. Price of Bitcoin could fall 'til 28k or even 24k if market would allow. So for now, wait.

Price could possibly reach at $24k but I think this is to much deep which a huge fud needed before it can move the market to more lower than this. I guess the price will drop up to $26k and will comeback at $30k since people will be hype again for future halving thoughts which they think a big pump will came.


Title: Re: Bitcoin is going down.
Post by: Dave1 on April 21, 2023, 01:41:10 AM
The Bitcoin market has been seeing some changes for just two days. And this change is negative for Bitcoin. From where the market used to hover between $30-31K the market has suddenly reached $28K. 

It's not that sudden though, and to be honest, we have been trading sideways at $28k for more than 10 days before it goes to $30k-$31k. So I must say that we are back where we started, so neither we lost money or gain (if we didn't do anything of our holdings).

Suddenly, some bad news about Bitcoin has hit the market, which is why people are selling their Bitcoins. A few days ago the market moved from $30K to $28K but from there the market recovered again but according to your information the market may go down further from $28K. But I still want to trust Bitcoin. Hopefully the dumping in the Bitcoin market is temporary. Market will recover soon.

There's no bad news that I'm aware of, it's just investors and speculators might have been taking profit when the price rose to $31k. That is normal though, as and we can see this could be a healthy corrections and it might drive the price higher in the next break out run.


Title: Re: Bitcoin is going down.
Post by: aryana42 on April 21, 2023, 01:54:09 AM
I am waiting for market dumping, so I hope what you say will come true. Many people still hope and believe that bitcoin will not fall and go higher, but to me, I don't like short-term recovery, I am waiting for the halving, and bitcoin will go to the moon. So bitcoin price drop now will be good for me as I have a lot of USDT and still haven't bought bitcoin.


Title: Re: Bitcoin is going down.
Post by: borovichok on April 21, 2023, 02:22:15 AM
I am waiting for market dumping, so I hope what you say will come true. Many people still hope and believe that bitcoin will not fall and go higher, but to me, I don't like short-term recovery, I am waiting for the halving, and bitcoin will go to the moon. So bitcoin price drop now will be good for me as I have a lot of USDT and still haven't bought bitcoin.
Market corrections are actually a great opportunity to stock up on additional bitcoin because as the bull run is about to start, some traders tend to regret their decisions while others are extremely pleased with them. Although a market correction could occur at any time, the chart appears to be in a decline since a few days ago. Bitcoin's price will eventually increase because it is so erratic. The bull season is still to come, but before we can start enjoying trade winnings, we must be patient. Bitcoin will consolidate shortly.


Title: Re: Bitcoin is going down.
Post by: CarnagexD on April 21, 2023, 02:29:36 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

It depends of course on what kind of a participant you are in market. Are you there short term day trading? medium term position trading? long term investing?
If you are reading this and you find this insightful, then good for you.
If this does not resonate with you, then simply disregard it and stick to your trading plan.

I agree with the same analysis. However, we have different frameworks and lenses in the marketplace.
It could be evident as a fake run, but some see it as an opportunity to day trade the volatility higher before going lower, or some see it as a good opportunity to dollar average in.
There is no one way to skin a cat. As long as you are profiting in the market, then you are doing it right.

The goal is not to be right. We all aim to make money.

I am waiting for market dumping, so I hope what you say will come true. Many people still hope and believe that bitcoin will not fall and go higher, but to me, I don't like short-term recovery, I am waiting for the halving, and bitcoin will go to the moon. So bitcoin price drop now will be good for me as I have a lot of USDT and still haven't bought bitcoin.
Hope and emotion trading is what make investors lose their money. They trade out of fear of either losing money or not being in the move.
Price could be anywhere at this point. But only those who have their investing and trading plan can make money consistently in the market.


Title: Re: Bitcoin is going down.
Post by: Poker Player on April 21, 2023, 03:23:38 AM
Market corrections are actually a great opportunity to stock up on additional bitcoin because as the bull run is about to start, some traders tend to regret their decisions while others are extremely pleased with them. Although a market correction could occur at any time, the chart appears to be in a decline since a few days ago. Bitcoin's price will eventually increase because it is so erratic. The bull season is still to come, but before we can start enjoying trade winnings, we must be patient. Bitcoin will consolidate shortly.

Exactly. You have to take a long term view and not start crying because it drops from $30K to $27K. You have to look ahead 5 or 10 years. A cycle view at least. Prices now will be seen as a bargain in the future, just like we now see prices from previous cycles as a bargain, where a lot of people were crying because the price dropped from $1.1K to $900 and things like that.


Title: Re: Bitcoin is going down.
Post by: irhact on April 21, 2023, 05:06:48 AM
the market will remain to fluctuate and it is highly unlikely that the bitcoin market will not be stable. Bitcoin rising and falling is normal in the market, so it's doesn't matter because  The market of bitcoin price will continue to speculates until infinity, invest when the price of bitcoin drops,it is a good time to increase DCA buying and return to normal when the price is out of limit or start to recovery and the of long term.But before you invest you have to understand the market and the risk involved. The price of bitcoin market is unpredictable.

The price of Bitcoin can never be stable like a stablecoin or the stable as the fiats, there will always be moment when the price of Bitcoin would increase and moment when the price begin to dump as we're experiencing at the moment. This moments are what make Bitcoin a good assets for trading as if we predict its movement accurately then we can make huge profits.

Moments when the market is dumping shoudn't be seen as a time to get worried instead we should focus all our energy on accumulating as many Bitcoin as we can while the price is down. The market won't stay down forever, soon we'll begin to see the recovery happening then a new all time high reached as well.


Title: Re: Bitcoin is going down.
Post by: BobK71 on April 21, 2023, 05:14:54 AM
The Fed will never be able to control the price of Bitcoin. However, their various negative initiatives may have some effect on the price of Bitcoin. I haven't seen Bitcoin's price increase in recent times. Because we believe it will take more time. And it wouldn't be surprise if the price of Bitcoin is falling down. I think buying bitcoin at 30k or below is fine. Moreover, there is no guarantee that the market will not be bullish again. I think people who haven't collected bitcoins yet should collect quickly.


Title: Re: Bitcoin is going down.
Post by: bangjoe on April 21, 2023, 09:14:26 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

Bitcoin continues to fall today until it hits the price $27.7k earlier and today bounced to a price of $28,076.61 and looks like it will continue to fall to $25K, maybe it's true what you said that we are still in an insecure position and yesterday's pump was a bat man trap maybe.
Plus the tension between Ukraine and Russia continues, the world economy is not yet stable and as you said inflation is still very high in America and even in other countries in other parts of the world are still struggling to face a situation of energy crisis and inflation.
But relying solely on indications from the Fed's decision is that an effective thing to do to continue investing in bitcoin?


Title: Re: Bitcoin is going down.
Post by: Reid on April 21, 2023, 09:34:30 AM
It's a short-term rise. So what? If you are a short-term trader then it could still be profitable if you sold at the right time and avoided greed to takeover.
Is it time to buy? There's no right answer here. What if it goes upwards again? Will you say that you made a mistake? The volatility of Bitcoin market always surprises us.
Although I do agree with your points, it's difficult to input it with Bitcoin. It sometimes makes the impossible possible even though deep TA was already done. So OP, what price are you expecting where investors should buy?


Title: Re: Bitcoin is going down.
Post by: adzino on April 21, 2023, 12:00:55 PM
I think I get what you are trying to say here but the thing with Bitcoin and the crypto market in general is that it's pretty unpredictable, and trying to time the market can be quite challenging and difficult. A lot of people invest in Bitcoin for the long term. For them, short-term price drops aren't that big of a deal. Some even see these dips as chances to buy more. As for waiting for the FED to cut rates, that's just one signal. You might see the exact opposite happening to what you have predicted And remember, crypto currencies are global currencies. FED doing something might cause a short term effect, but in the long term, the price should remain unaffected. Crypto can surprise even the experts, so it's better to have a balanced approach like dollar-cost averaging. It'll help you ride the ups and downs without freaking out too much. Remember, investing is a personal thing. Stay informed, do your research, and make decisions based on your own risk tolerance and goals.


Title: Re: Bitcoin is going down.
Post by: StreakW on April 21, 2023, 04:43:30 PM
The rise and fall of bitcoin prices is a natural thing. In fact, no one can accurately predict the rise and fall of bitcoin prices. Therefore, if you are sure of investing in Bitcoin, then buy immediately. If you think the current price is low, don't wait for the price to drop further because we don't know how far the price movement of Bitcoin will go in the future.


Title: Re: Bitcoin is going down.
Post by: TheUltraElite on April 21, 2023, 05:13:35 PM
The rise and fall of bitcoin prices is a natural thing. In fact, no one can accurately predict the rise and fall of bitcoin prices. Therefore, if you are sure of investing in Bitcoin, then buy immediately. If you think the current price is low, don't wait for the price to drop further because we don't know how far the price movement of Bitcoin will go in the future.
You can buy now or wait, there is not problem in the latter. Dividing the available cash at hand to buy at different low levels is a strategic option  that you can exploit when you sell at different highs. I would rather suggest to buy at the lowest lows the prices reaches, of course it is not possible to always predict and execute the trade by them. These can only be guessed by some accuracy by trading charts and their analyses but ultimately it is our own money so do your own research before investing.

Like I said, let is go down, it only confirms that we will get highly discounted prices to buy at.


Title: Re: Bitcoin is going down.
Post by: lionheart78 on April 21, 2023, 06:03:16 PM
So I want to remain you guys again that right now is not the time to buy bitcoin.

When the price of Bitcoin is falling, it is the right time to buy because you are buying Bitcoin at a discounted price.  It is more appropriate to say that now is not the right time to sell because of several reasons.

1. BTC price is plummetting so selling at this time might cost us losses.  Better buy instead.
2. BTC market has the tendency to uptrend so waiting a bit more is not bad.
3. It isn't a bull market yet
4. Price gets crazy after the halving so better wait for it.

@OP keeps on pushing not to buy when it is indeed the right time to buy and accumulate. 


Title: Re: Bitcoin is going down.
Post by: indah rezqi on April 21, 2023, 06:17:10 PM
>snip
Believe me, you can do it for yourself but you can't force everyone to believe that your advice is the best financial advice for anyone right now. The bitcoin price is very volatile even if you find a reason, but again don't force anyone to believe your advice.

I can buy bitcoin now because I have money and I also believe the price will recover. But when I doubt the price can go down any further, then my buying strategy should be with DCA. Likewise with other users, in fact I wouldn't even say everyone would immediately blow their entire budget on one purchase, they also know that DCA-ing is useful.


Title: Re: Bitcoin is going down.
Post by: TheGreatPython on April 21, 2023, 07:05:10 PM
Bros, compatriots, and fellow earthlings, lend me your auditory organs! I've got a ripping yarn about Bitcoin's rollercoaster ride.

You might think Bitcoin's latest nosedive heralds impending doom, but chillax! As a sagacious philosopher once quipped, "A coin that soars must also plunge, and who knows? Perhaps it'll skyrocket again!"

The lowdown is, nobody's got a crystal ball for this market. However, by crunching numbers and scrutinizing market trends like a boss, we can up our winning chances and make savvy calls on when to buy, sell, or hodl.

So, to all you crypto wranglers, giddy up! Keep your peepers peeled for market cues and pointers, and don't be spooked to change tack when a fresh gust blows your way.
It basically depends on one's mindset about how they see the price changes in Bitcoin and the cryptocurrency market in general. For me, I don't see the price going down as a negative point since it's basically what makes an asset profitable. It provides you with clear opportunities to get profit, imagine if there are no drops, you can never be able to buy since you won't be sure if it's the best time to buy or not.

So what I think is that these drops are basically opportunities for those who can afford to buy more and are obviously the best thing for those who are just starting out with their journey with Bitcoin and cryptocurrencies.


Title: Re: Bitcoin is going down.
Post by: YUriy1991 on April 21, 2023, 07:53:49 PM
So I want to remain you guys again that right now is not the time to buy bitcoin.

When the price of Bitcoin is falling, it is the right time to buy because you are buying Bitcoin at a discounted price.  It is more appropriate to say that now is not the right time to sell because of several reasons.

1. BTC price is plummetting so selling at this time might cost us losses.  Better buy instead.
2. BTC market has the tendency to uptrend so waiting a bit more is not bad.
3. It isn't a bull market yet
4. Price gets crazy after the halving so better wait for it.

@OP keeps on pushing not to buy when it is indeed the right time to buy and accumulate. 

Well, there's certainly some truth to that! When everyone is jumping on the hype train and predicting the moon for Bitcoin, it's often a sign that things might be getting a bit overheated. On the other hand, when everyone is bearish and predicting doom and gloom, it could be a good time to start accumulating. Of course, no one can predict the future with certainty.


Title: Re: Bitcoin is going down.
Post by: goaldigger on April 21, 2023, 08:18:47 PM
The rise and fall of bitcoin prices is a natural thing. In fact, no one can accurately predict the rise and fall of bitcoin prices. Therefore, if you are sure of investing in Bitcoin, then buy immediately. If you think the current price is low, don't wait for the price to drop further because we don't know how far the price movement of Bitcoin will go in the future.
Bitcoin’s volatility is normal, in fact any market that is being blocked by the resistance will always go dump, and with Bitcoin it is what happening right now. The price is getting cheaper again, a golden opportunity to those who want to increase their holdings, just like the others $25k might still happen with Bitcoin so be ready with your funds and make sure not to panic because Bitcoin will surely rise again.


Title: Re: Bitcoin is going down.
Post by: AnonBitCoiner on April 21, 2023, 08:49:34 PM
Bitcoin is not going down but is going up although today its somewhat lower in worth but remember that bitcoin doesn't remains in lower state always and at the end of this year or at the start of next year there will be greater achievement in the price of bitcoin. And I think that signals for bitcoin doesn't matters a lot but every time is suitable for buying bitcoin.

You should buy now and then hold it so you will see that the future price will be more worthy as Compared to the present year. Single dump and pump does not guarantee the overall function of bitcoin but we should hope for the best as bitcoin always gives good return when hold for prolong duration.


Title: Re: Bitcoin is going down.
Post by: _BlackStar on April 21, 2023, 09:57:20 PM
Bitcoin’s volatility is normal, in fact any market that is being blocked by the resistance will always go dump, and with Bitcoin it is what happening right now. The price is getting cheaper again, a golden opportunity to those who want to increase their holdings, just like the others $25k might still happen with Bitcoin so be ready with your funds and make sure not to panic because Bitcoin will surely rise again.
I just don't understand why there are so many people feeling worried about the price correction over the last few days while bitcoin is still on a bullish trend since January. Put those worries aside and do some accumulation if you have a lot of unused budget, and if this correction deepens then I think do more.

Bitcoin is getting closer to the countdown to the 2024 halving, so be wise in taking advantage of the opportunity. I'd love to save more budget to do DCA if bitcoin goes back to a price of $20k or lower.


Title: Re: Bitcoin is going down.
Post by: Ojima-ojo on April 21, 2023, 10:14:09 PM
I agree that what is happening is not a real bull run, this is a short-term bull run, and Bitcoin could still correct below $20k anytime. But if I say that this is not the time to buy bitcoins, I disagree entirely. No one can be sure Bitcoin will drop again, it's all just your baseless prediction. And if compared to the old ATH, the price of $30k is a very good price to accumulate bitcoins.
I agree with the fact that Bitcoin price is unstable and that the bull signal in the last couple of weeks back was a short-leave bull tendency and the possibility for the price to correct below 30k for a while, but to say Bitcoin will decline below $20k in this current bear season is quite unrealistic and should be flagged off.


I think Bitcoin will go below the current correction price of 27k since that is the 3 months possible correction cycle for this period studying Bitcoin's previous chat.

I won't say that this is not the time to buy Bitcoin since most Bitcoin market specullators predict a further drop in the price, but then I will take the current price drop as a discount to cash in on the moving train for the next bull season.


Title: Re: Bitcoin is going down.
Post by: Fatunad on April 21, 2023, 11:02:28 PM
I agree that what is happening is not a real bull run, this is a short-term bull run, and Bitcoin could still correct below $20k anytime. But if I say that this is not the time to buy bitcoins, I disagree entirely. No one can be sure Bitcoin will drop again, it's all just your baseless prediction. And if compared to the old ATH, the price of $30k is a very good price to accumulate bitcoins.
I agree with the fact that Bitcoin price is unstable and that the bull signal in the last couple of weeks back was a short-leave bull tendency and the possibility for the price to correct below 30k for a while, but to say Bitcoin will decline below $20k in this current bear season is quite unrealistic and should be flagged off.


I think Bitcoin will go below the current correction price of 27k since that is the 3 months possible correction cycle for this period studying Bitcoin's previous chat.

I won't say that this is not the time to buy Bitcoin since most Bitcoin market specullators predict a further drop in the price, but then I will take the current price drop as a discount to cash in on the moving train for the next bull season.
Lots had been anticipating on breaking that 30k support which we did really stay up on this level for some time or moment but eventually it didnt break out on reaching 32k and next on 35k.
We are now on a correction on which it would really that a normal thing here on crypto space on which it had been moving and volatile since day 1 and if you've been here on this market for a while
then seeing these drops isnt really that something that would be shocking you but rather seeing these things to be an opportunity for you to get in and make profits
once the market would be having a recovery.


Title: Re: Bitcoin is going down.
Post by: btc78 on April 22, 2023, 01:17:05 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.


Have a nice day and take care.

you seems to be correct mate, and yes the fall is continues from where you posted this , from almost 31k and now? it is dropping to almost 26k , so is there a 25k price to be expected.
 
this is how the market goes now, and all the coins is dumping at least 2 digits now specially bitocin with 10% loss just days before.


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

and yes, the growth is not sustaining its position .


Title: Re: Bitcoin is going down.
Post by: Minor Miner on April 22, 2023, 04:02:52 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.


Have a nice day and take care.

you seems to be correct mate, and yes the fall is continues from where you posted this , from almost 31k and now? it is dropping to almost 26k , so is there a 25k price to be expected.
 
this is how the market goes now, and all the coins is dumping at least 2 digits now specially bitocin with 10% loss just days before.


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

and yes, the growth is not sustaining its position .

Bitcoin correction is not too difficult to predict as bitcoin cannot skyrocket without a correction, and moreover, don't forget that the bear season is not over yet. So it's normal for bitcoin to decline in price.

And I will disagree with OP's opinion when he said that this is not the right time to buy bitcoin. I believe when bitcoin went below $20k, he thought the same, and he probably missed the bottom of bitcoin last year too. Bitcoin is always volatile, up and down is normal, and if you are still hesitant and don't buy bitcoin now. You will regret and regret more when you try to find the bottom to buy.


Title: Re: Bitcoin is going down.
Post by: ilovealtcoins on April 22, 2023, 05:19:18 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

Bitcoin is falling as you say, and many people also predict this, it's not too hard. But as you say, this is still not the right time to buy bitcoin, so in your opinion, what is the best price to buy bitcoin? I'd love to hear what your next thoughts are. Because I am also expecting more bitcoin drops.


Title: Re: Bitcoin is going down.
Post by: fzkto on April 22, 2023, 04:43:47 PM
Bitcoin’s volatility is normal, in fact any market that is being blocked by the resistance will always go dump, and with Bitcoin it is what happening right now. The price is getting cheaper again, a golden opportunity to those who want to increase their holdings, just like the others $25k might still happen with Bitcoin so be ready with your funds and make sure not to panic because Bitcoin will surely rise again.
I just don't understand why there are so many people feeling worried about the price correction over the last few days while bitcoin is still on a bullish trend since January. Put those worries aside and do some accumulation if you have a lot of unused budget, and if this correction deepens then I think do more.

Bitcoin is getting closer to the countdown to the 2024 halving, so be wise in taking advantage of the opportunity. I'd love to save more budget to do DCA if bitcoin goes back to a price of $20k or lower.
Everything is stable. When bitcoin is up 10%, everyone writes about the moon. When bitcoin is down 10%, everyone talks about a new bottom. The funny thing is, a lot of people don't even try to buy bitcoin to sell it at a higher price. Although there is a really good opportunity to buy cheap bitcoins now. Even if a new ATH happens in a year or two, patience will be rewarded.


Title: Re: Bitcoin is going down.
Post by: Rabata on April 22, 2023, 04:58:59 PM
Bitcoin’s volatility is normal, in fact any market that is being blocked by the resistance will always go dump, and with Bitcoin it is what happening right now. The price is getting cheaper again, a golden opportunity to those who want to increase their holdings, just like the others $25k might still happen with Bitcoin so be ready with your funds and make sure not to panic because Bitcoin will surely rise again.
I just don't understand why there are so many people feeling worried about the price correction over the last few days while bitcoin is still on a bullish trend since January. Put those worries aside and do some accumulation if you have a lot of unused budget, and if this correction deepens then I think do more.

Bitcoin is getting closer to the countdown to the 2024 halving, so be wise in taking advantage of the opportunity. I'd love to save more budget to do DCA if bitcoin goes back to a price of $20k or lower.
Everything is stable. When bitcoin is up 10%, everyone writes about the moon. When bitcoin is down 10%, everyone talks about a new bottom. The funny thing is, a lot of people don't even try to buy bitcoin to sell it at a higher price. Although there is a really good opportunity to buy cheap bitcoins now. Even if a new ATH happens in a year or two, patience will be rewarded.
To get anything big one needs to wait a certain time. It can be quite the opposite for those who want to make quick profits in the short term. However, there is a common belief among the general public that those who invest in Bitcoin will be rich quickly. I would never encourage people to invest in Bitcoin based on such ideas. Those who will try to invest patiently despite seeing the negative aspects of bitcoin for a long time they can be very close to the success. As an investors patience can be a big tool for getting success. Current market is going slightly bearish so this is the perfect time to buy Bitcoin.


Title: Re: Bitcoin is going down.
Post by: STT on April 23, 2023, 12:46:54 AM
Positive reaction to 50 day average is occurring now and something to watch develop till end of month.    My thoughts are BTC price action could brush past the 50 day to visit either the 200 week or the 200 day which for the moment is much lower.   That'd be a harsher pullback but might be necessary to strengthen performance on longer term time lines and ultimately the larger bars like daily or weekly far outweigh the trades viewed every week on 4hr bars or smaller.
   A more positive scenario is the 27k area is found as support and we challenge 30k and resistance until we can recover the full range of 2022 prices and without ever losing this area.


Title: Re: Bitcoin is going down.
Post by: DevilSlayer on April 23, 2023, 06:54:03 AM
Positive reaction to 50 day average is occurring now and something to watch develop till end of month.    My thoughts are BTC price action could brush past the 50 day to visit either the 200 week or the 200 day which for the moment is much lower.   That'd be a harsher pullback but might be necessary to strengthen performance on longer term time lines and ultimately the larger bars like daily or weekly far outweigh the trades viewed every week on 4hr bars or smaller.
   A more positive scenario is the 27k area is found as support and we challenge 30k and resistance until we can recover the full range of 2022 prices and without ever losing this area.
If the $26,000 support did not hold, the possibility of the bitcoin to go down up to $24,000 major support is most likely going to happen. The price resist ath the $30,000 level which is considered as very strong resistance. There are confluences in the $24,000 like 20 EMA and 50EMA in weekly chart. Does this mean we are now in bearish trend? I don't think so because the price is just retracing and if you will look in the weekly timeframe the price is still in healty price movement wherein the RSI of the bitcoin is still above 50 RSI.

For the long traders, I think it is better if you will stop trading first because there is a high probability we will see a waterfall in the following days, be cautious because anything can can happen. As for the short traders, I think it is the best time to acquire position because the market sentiment is currently negative so fear and panic is currently present that you can take advantage of.


Title: Re: Bitcoin is going down.
Post by: reagansimms on April 23, 2023, 09:30:32 AM
As you can see, the price of Bitcoin or Cryptocurrency has no central authority that can regulate it, there is no government that controls prices on the market, even the central bank has no influence on the condition of the price of Bitcoin. The above is one of the reasons why Bitcoin prices are increasingly fluctuating and it is impossible to control the increase/decrease in price, it all depends on how the market conditions are freely.

My assumption is that the Bitcoin price experienced a slight correction after successfully exceeding $30k due to widespread selling, most traders and investors chose to secure the long-awaited profit when the Bitcoin price was still at the $25k level. I'm not too skeptical about the correction that just happened, after this there will be an increase in demand which will have an impact on price increases, buying interest from the Bitcoin community will have a positive impact on Bitcoin.


Title: Re: Bitcoin is going down.
Post by: palle11 on April 23, 2023, 12:25:37 PM
Do you think there's a reason behind of Bitcoin price increase from $20K to $30K? relying Bitcoin price through FED interest rate is kind of non sense, Bitcoin doesn't depends to FED.


I also don't see the relationship of FED decision having influence to the price of bitcoin. FED policy relates to government policy and expenditure including interest rate which directly affect fiat and not bitcoin, no agency or government can control bitcoin.


I'm not saying Bitcoin price will decrease, but the price will be around $25K-$40K-ish and it's still good to buy Bitcoin before the price will surge after the halving season.

This can be possible because bitcoin halving is approaching and the price have appreciated more than 40% after December. Moreover this is the first quarter almost ending.


Title: Re: Bitcoin is going down.
Post by: el kaka22 on April 23, 2023, 03:38:21 PM
Not by much though. I mean I understand it was over 30k and that made everyone happy and I understand it is under 28k which makes people upset, but that is just a drawback. Remember, the market "could" become a like a bow sometimes, and it ends up thinking that you could draw the bow back a bit, and then you let it go and the arrow goes, so if you draw it a lot further back, as back as it gets then the arrow goes further, if you draw it just a little then it goes just a little away, as far as your own foot.

So, this could be a drawback and I believe it is, this means that we are just testing back the 28k levels to see if it's strong enough and then when we see it is, we will feel more comfortable about buying a lot more bitcoins.


Title: Re: Bitcoin is going down.
Post by: Kemarit on April 23, 2023, 05:00:09 PM
Not by much though. I mean I understand it was over 30k and that made everyone happy and I understand it is under 28k which makes people upset, but that is just a drawback. Remember, the market "could" become a like a bow sometimes, and it ends up thinking that you could draw the bow back a bit, and then you let it go and the arrow goes, so if you draw it a lot further back, as back as it gets then the arrow goes further, if you draw it just a little then it goes just a little away, as far as your own foot.

So, this could be a drawback and I believe it is, this means that we are just testing back the 28k levels to see if it's strong enough and then when we see it is, we will feel more comfortable about buying a lot more bitcoins.

Let's see first $27,500, I think that is now the support level since $28k has been breached. It actually went as low as $27,200 and everyone thought that we are heading to $25k again. But the market is strong or at least the bulls is reclaiming back the position and pushes the price to the support line.

So yeah, this is just a little drawback and let's hope if will hold and then we can go back to $28,000 because that's where we are trading sideways for more than a week before the sudden push to $30,000-$31,000. So going to be interesting last week of this month again.


Title: Re: Bitcoin is going down.
Post by: Kryptowerk on April 24, 2023, 06:47:16 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

There are always some Nostradamuses around I guess.
The thing about these kind of advice is, you’ll easily find as many arguments for the contrary. One of the best advice regarding when to buy bitcoin is still dollar cost averaging over several months or even years. You can go into advanced mode and adjust the amount you invest each time depending on whether prices went up or down recently.
Anything else will make you very vulnerable to an almost unpredictable amount of short term factors influencing the current price of bitcoin.


Title: Re: Bitcoin is going down.
Post by: Nrcewker on April 24, 2023, 12:48:19 PM
When Bitcoins slightly fall down in price, I see that many people start panicking. Why are you taking it as negative note? I mean it maybe just a price correction of the coin, but people are always in a negative mood. People should always see something like this in a positive attitude. This might be the opportunity for the people to grab more coins in a cheap price. And as they will start accumulating again the price will again go up due to the increase in demand and limited supply of the coin. At last be patient and wait, Bitcoins will touch sky once again.


Title: Re: Bitcoin is going down.
Post by: btc78 on April 25, 2023, 01:00:35 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.


Have a nice day and take care.

you seems to be correct mate, and yes the fall is continues from where you posted this , from almost 31k and now? it is dropping to almost 26k , so is there a 25k price to be expected.
 
this is how the market goes now, and all the coins is dumping at least 2 digits now specially bitocin with 10% loss just days before.


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

and yes, the growth is not sustaining its position .

Bitcoin correction is not too difficult to predict as bitcoin cannot skyrocket without a correction, and moreover, don't forget that the bear season is not over yet. So it's normal for bitcoin to decline in price.
correct is correct a part of the movement and for us to gain is for us to also risk and the problem here is that ? about us if dealing with too much pressure and that will change the system.
Bear market is also followed with Bull and in this case? we are all may experience both.

Quote
And I will disagree with OP's opinion when he said that this is not the right time to buy bitcoin. I believe when bitcoin went below $20k, he thought the same, and he probably missed the bottom of bitcoin last year too. Bitcoin is always volatile, up and down is normal, and if you are still hesitant and don't buy bitcoin now. You will regret and regret more when you try to find the bottom to buy.
every time is a right time to buy , but the problem only if how long and how much we can afford to risk.

because the longer we Keep the coins is the bigger chance to earn more.


Title: Re: Bitcoin is going down.
Post by: fadhilz123 on April 25, 2023, 06:00:11 AM
Bitcoin is falling as you say, and many people also predict this, it's not too hard. But as you say, this is still not the right time to buy bitcoin, so in your opinion, what is the best price to buy bitcoin? I'd love to hear what your next thoughts are. Because I am also expecting more bitcoin drops.
Regardless of your current expectations that you are expecting a drop in the price of Bitcoin, what is clear is that in general you can still buy Bitcoin at the current price if you just want to keep it for the long term. But if you are only buying Bitcoins to take with you into trading, you will need to wait for another drop in price from now on. But never regret when you see the next increase in Bitcoin before you buy because you are waiting for a price drop in the market.


Title: Re: Bitcoin is going down.
Post by: wxa7115 on April 27, 2023, 06:50:43 AM
When Bitcoins slightly fall down in price, I see that many people start panicking. Why are you taking it as negative note? I mean it maybe just a price correction of the coin, but people are always in a negative mood. People should always see something like this in a positive attitude. This might be the opportunity for the people to grab more coins in a cheap price. And as they will start accumulating again the price will again go up due to the increase in demand and limited supply of the coin. At last be patient and wait, Bitcoins will touch sky once again.
This is simply a matter of perspective, when the price goes down a part of the community reacts very negatively to this as they are only thinking about the short term, and with this in mind any decrease on the price is terrible from their point of view.

But for those that are thinking on buying bitcoin and hold it for years, a downward movement is a welcome sight, as this means they can get more bitcoin for a low price and their profits will be much higher on the future, and while there is a great number of people that think like that, it seems they are outnumbered by those which care only about the short term by a wide margin.


Title: Re: Bitcoin is going down.
Post by: Minecache on April 27, 2023, 09:38:12 AM
OP, yesterday bitcoin suddenly surged and at one point hit almost $30k, the highest I saw was $29.8k, and now bitcoin is still trading at $29k. This starkly contrasts your earlier predictions that bitcoin will continue to fall further. What's your opinion on bitcoin's bullish comeback? When you advise people not to buy bitcoin at this time.
Since the creation of the topic until now, I have not seen you discuss with everyone about your opinion, I hope you come back to comment on market movements.


Title: Re: Bitcoin is going down.
Post by: gunhell16 on April 28, 2023, 07:25:25 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

If you understand the movement in the Bitcoin market dude, I am pretty sure you must also understand why Bitcoin is volatile.

Are we going to repeat this topic over and over again, most people know that the market is very unpredictable, if you notice that one day a bitcoin recovered to 30k$ and then for a few moments it dumped again to 27k and now it has recovered again 29k$ more. So it means that with these actions, there are many people who are positioned at that value of bitcoin, so it shows only we are still in bullish season and it's your opinion only.


Title: Re: Bitcoin is going down.
Post by: Natalim on April 28, 2023, 08:44:29 AM

If you understand the movement in the Bitcoin market dude, I am pretty sure you must also understand why Bitcoin is volatile.

Are we going to repeat this topic over and over again, most people know that the market is very unpredictable, if you notice that one day a bitcoin recovered to 30k$ and then for a few moments it dumped again to 27k and now it has recovered again 29k$ more. So it means that with these actions, there are many people who are positioned at that value of bitcoin, so it shows only we are still in bullish season and it's your opinion only.
A lot of topics concerning this and tiresome but wait, we also have to consider that not all here have the time to explore the forum. So if they don't understand the situation, they are expected to ask then. We have to understand how a person feels about this kind of investment, they will certainly be wondering why this happens ( and really about to happen whether we like it or not). What I just hope is that OP could gradually adjust and adapt to the volatile situation of the market so he could manage to hold and remain strong than started to get panic.


Title: Re: Bitcoin is going down.
Post by: Awraawra on April 28, 2023, 11:03:12 AM
It's not new that bitcoin in going down. Every time it's happen so I think ever investor in bitcoin are ready to that. If bitcoin now goes up I think only in short time so bitcoin again goes down. Keep on holding to those have many bitcoin because we are waiting that bitcoin bull run again.


Title: Re: Bitcoin is going down.
Post by: Sorryfor on April 30, 2023, 11:32:39 AM
The Bitcoin market is already at a higher level than it has ever been. Earlier all cryptocurrencies including Bitcoin market were doubted. But at the beginning of the new year 2023, the Bitcoin market changed and the market went from $15,000 to $31,000. At the moment, the price of Bitcoin has taken a good position, and it is expected that further growth is not possible in the future.


Title: Re: Bitcoin is going down.
Post by: Baoo on May 01, 2023, 08:14:21 PM
Well, I always recommend investors to buy Bitcoin fractionally, that’s literally the most secure and safe way to take major opportunities and guarantee profit principally in long term. Regarding the current situation  of Bitcoin, unfortunately it is really tough to predict the accurate date of next bull and bear run, now it is been more than 1 week since Bitcoin’s price stuck between  $27k and $29K, it seems the whales will not  let BTC break $30k during this period. It is preferable to hold and buy BTC in parts in case you have an acceptable amount cash or stable coins, that would be a wise decision.


Title: Re: Bitcoin is going down.
Post by: DiMarxist on May 01, 2023, 08:39:26 PM
Well, I always recommend investors to buy Bitcoin fractionally, that’s literally the most secure and safe way to take major opportunities and guarantee profit principally in long term. Regarding the current situation  of Bitcoin, unfortunately it is really tough to predict the accurate date of next bull and bear run, now it is been more than 1 week since Bitcoin’s price stuck between  $27k and $29K, it seems the whales will not  let BTC break $30k during this period. It is preferable to hold and buy BTC in parts in case you have an acceptable amount cash or stable coins, that would be a wise decision.

The current situation of the price is a little trait, if you fear and panic, you lose, this the best time of buying and holding. Just understand the market and invest when the market is in bearish. If you want to invest or buy do it now is good or when the price drops, and when the price grow up again you make a good profits. And if you have Bitcoin keep on holding, as an investors patience can be a big tool for getting success. Current market is going slightly bearish so this is the perfect time for you to buy Bitcoin and hold it to your satisfaction.


Title: Re: Bitcoin is going down.
Post by: EdenHazard on May 01, 2023, 10:27:00 PM
Well, I always recommend investors to buy Bitcoin fractionally, that’s literally the most secure and safe way to take major opportunities and guarantee profit principally in long term. Regarding the current situation  of Bitcoin, unfortunately it is really tough to predict the accurate date of next bull and bear run, now it is been more than 1 week since Bitcoin’s price stuck between  $27k and $29K, it seems the whales will not  let BTC break $30k during this period. It is preferable to hold and buy BTC in parts in case you have an acceptable amount cash or stable coins, that would be a wise decision.

The current situation of the price is a little trait, if you fear and panic, you lose, this the best time of buying and holding. Just understand the market and invest when the market is in bearish. If you want to invest or buy do it now is good or when the price drops, and when the price grow up again you make a good profits. And if you have Bitcoin keep on holding, as an investors patience can be a big tool for getting success. Current market is going slightly bearish so this is the perfect time for you to buy Bitcoin and hold it to your satisfaction.
You need to look at the bigger picture of this bitcoin market that looks like a 'bearish time' but actually it's not espeially we are heading into the next halving with less than a year.... if by then we crashed from the current price $28k to below $10k or even lower ... you need to see it in 'zoom out' i mean nothing sure ... could be a straight to $100k and you left behind ... or you get dragged down to the lowest price of the 5 to 8 years .

The one thing you should know that history repeat! The all time high always come up during or after the halving day , so be ready!



Title: Re: Bitcoin is going down.
Post by: AmoreJaz on May 01, 2023, 10:29:31 PM
Well, I always recommend investors to buy Bitcoin fractionally, that’s literally the most secure and safe way to take major opportunities and guarantee profit principally in long term. Regarding the current situation  of Bitcoin, unfortunately it is really tough to predict the accurate date of next bull and bear run, now it is been more than 1 week since Bitcoin’s price stuck between  $27k and $29K, it seems the whales will not  let BTC break $30k during this period. It is preferable to hold and buy BTC in parts in case you have an acceptable amount cash or stable coins, that would be a wise decision.

The current situation of the price is a little trait, if you fear and panic, you lose, this the best time of buying and holding. Just understand the market and invest when the market is in bearish. If you want to invest or buy do it now is good or when the price drops, and when the price grow up again you make a good profits. And if you have Bitcoin keep on holding, as an investors patience can be a big tool for getting success. Current market is going slightly bearish so this is the perfect time for you to buy Bitcoin and hold it to your satisfaction.

and for sure, we will have more of this up and down movement in the future. it is only a matter of how you will react on this market and take advantage of it for the future. so if you have been long enough in this market, you should already know what to do not to let the situation pass without any action.


Title: Re: Bitcoin is going down.
Post by: Chato1977 on May 02, 2023, 04:46:01 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
WIll Keep falling? but why ? and how? bitcoin stays in regular price for months now.
Quote
So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.
it will , or will not , if have a funds then why not buy?
Quote
So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.
stupid advice , holding cash? or stable coin? lol maybe you are that weak to keep buying in this position .


Title: Re: Bitcoin is going down.
Post by: Razmirraz on May 02, 2023, 05:37:53 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
As you have seen in the market, Bitcoin always moves in two directions. While Bitcoin's decline hasn't panicked investors, the small correction that has occurred has investors waiting for a catalyst to trigger a new rally. The impact of market sentiment will change when demand is higher than supply, a new rally will start after the market is triggered by mass buying due to the effects of the correction. Investors aware of the potential and usefulness of Bitcoin will adopt it as a store of value or payment method, the price is likely to continue its long term upward trend.


Title: Re: Bitcoin is going down.
Post by: Kadal Ijo on May 02, 2023, 09:57:50 AM
The large number of FUDs spread on social media makes investors afraid and choose profit taking so that the price continues to decline, many even say that the price will fall again below $ 20k, as investors who have known bitcoin for at least 3 years, of course we are waiting for the price to fall again because we will buy more.


Title: Re: Bitcoin is going down.
Post by: doomloop on May 02, 2023, 11:06:41 AM
The Bitcoin market is already at a higher level than it has ever been. Earlier all cryptocurrencies including Bitcoin market were doubted. But at the beginning of the new year 2023, the Bitcoin market changed and the market went from $15,000 to $31,000. At the moment, the price of Bitcoin has taken a good position, and it is expected that further growth is not possible in the future.
I don't understand what you are trying to say. First of all, the price of Bitcoin is high but it isn't at the highest level it has ever been since the all-time high of Bitcoin is at $69k+ and we are still too far from that, it is almost a 120%+ rise from this point. It is true that we have seen significant growth for Bitcoin and the overall market this year.

And what makes you think that there is no further growth expected or possible for Bitcoin in the future? We are yet to see the adoption rise very high and there will be extremely high demand in the future, which will increase the inflow of money and hence help the price go up.


Title: Re: Bitcoin is going down.
Post by: NotATether on May 02, 2023, 11:38:24 AM
Good one that one, the OP is either a nocoiner or a fucking troll and I don't know which is worse.

At least nocoiners are honest with their intentions. Trolls on the other hand are neither bull nor bear, more like an alien species that needs to be shuttled back to the TRON network by SpaceX rocket.


Title: Re: Bitcoin is going down.
Post by: 19Nov16 on May 02, 2023, 02:42:51 PM
Looks like today the price will start to rise and I'm optimistic that $ 30k will happen before the second week of may, today the price has gone up more than 1.5% and the price down that happened some time ago is a momentary correction, the bull run is unique because the price is not it keeps going up but sometimes it goes down.


Title: Re: Bitcoin is going down.
Post by: bangjoe on May 02, 2023, 05:30:59 PM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
As you have seen in the market, Bitcoin always moves in two directions. While Bitcoin's decline hasn't panicked investors, the small correction that has occurred has investors waiting for a catalyst to trigger a new rally. The impact of market sentiment will change when demand is higher than supply, a new rally will start after the market is triggered by mass buying due to the effects of the correction. Investors aware of the potential and usefulness of Bitcoin will adopt it as a store of value or payment method, the price is likely to continue its long term upward trend.

Yes, we already know that the market moves in two directions in 24 hours and never stops, price fluctuations are a natural thing for bitcoin to have prices that go up and down, small or big, supply and demand are the market reference in price fluctuations, correction is what reasonable for a price movement.
In addition to the potential utility aimed at today's average, bitcoin is an investment tool, both short and long term, to get better financial freedom.

But what is clear about today's bitcoin trend is that we are in a sideway phase movement in bitcoin which has quite high fluctuations before continuing the trend to become bullish.


Title: Re: Bitcoin is going down.
Post by: wxa7115 on May 03, 2023, 05:19:47 AM
The large number of FUDs spread on social media makes investors afraid and choose profit taking so that the price continues to decline, many even say that the price will fall again below $ 20k, as investors who have known bitcoin for at least 3 years, of course we are waiting for the price to fall again because we will buy more.
Anyone that lets themselves to be affected by what they read on social media and take financial decisions which can affect the rest of their life based on nothing more but rumors is making a huge mistake no matter how much I think about it.

If the price happens to go down, so be it, I'm pretty sure that I am not the only one that will take the time to invest whatever spare money that I have the time, and if newbies and inexperienced investors want sell that is not really my problem, if given the chance maybe I could make some token effort to show them why following the crowd is not a good idea, but at the end of the day it is their decision, and if they want to sell for a bad price that is their call.


Title: Re: Bitcoin is going down.
Post by: ivankoh on May 03, 2023, 06:02:57 AM
When Bitcoins slightly fall down in price, I see that many people start panicking. Why are you taking it as negative note? I mean it maybe just a price correction of the coin, but people are always in a negative mood. People should always see something like this in a positive attitude. This might be the opportunity for the people to grab more coins in a cheap price. And as they will start accumulating again the price will again go up due to the increase in demand and limited supply of the coin. At last be patient and wait, Bitcoins will touch sky once again.
This is simply a matter of perspective, when the price goes down a part of the community reacts very negatively to this as they are only thinking about the short term, and with this in mind any decrease on the price is terrible from their point of view.

But for those that are thinking on buying bitcoin and hold it for years, a downward movement is a welcome sight, as this means they can get more bitcoin for a low price and their profits will be much higher on the future, and while there is a great number of people that think like that, it seems they are outnumbered by those which care only about the short term by a wide margin.
Yup, i think that is their direct view, when bitcoin goes up they see a positive and vice versa. There are many reasons for being so direct that they absolutely do not accept volatility and correction as an important part of the market. For me correction or volatility is the most positive for bitcoin and the crypto market to be sustainable. In that state, let's calm down and take a look at the market as a whole, bitcoin's predominance is deflationary and my vision is to set expectations for bitcoin in the long term.


Title: Re: Bitcoin is going down.
Post by: Paul Pogba on May 03, 2023, 06:53:25 AM
Bitcoin which uses the concept of decentralization makes the price go up and down, and when the price goes down we have the opportunity to buy more, I'm sure that the price will continue to go up so when the price goes down the best thing is to be calm and keep buying.


Title: Re: Bitcoin is going down.
Post by: peter0425 on May 03, 2023, 07:56:09 AM
Bitcoin goes down today , But going up tomorrow so what alarms you now mate?  and besides are you really investing on this ?or just fudding around?

you are creating thread that cannot be supported nor even you so why would people here needs to believe in what you are speculating ?
common man, be a good person here and not just telling lies that you don't even understand.


Title: Re: Bitcoin is going down.
Post by: barisbilgili on May 03, 2023, 09:29:19 AM

Yup, i think that is their direct view, when bitcoin goes up they see a positive and vice versa. There are many reasons for being so direct that they absolutely do not accept volatility and correction as an important part of the market. For me correction or volatility is the most positive for bitcoin and the crypto market to be sustainable. In that state, let's calm down and take a look at the market as a whole, bitcoin's predominance is deflationary and my vision is to set expectations for bitcoin in the long term.
that's very reasonable but let's look at the movement of Bitcoin lately and I think there are so many differences that make many people believe that the price will be higher, especially for the long term, I have no doubt about that.
currently the price of Bictoin continues to move in a positive direction even though there is a slight correction which is very reasonable it is not too deep so that it is possible that in the future the price of Bitcoin will increase slowly with small corrections that occur.


Title: Re: Bitcoin is going down.
Post by: Strongkored on May 03, 2023, 09:43:44 AM
Bitcoin which uses the concept of decentralization makes the price go up and down, and when the price goes down we have the opportunity to buy more, I'm sure that the price will continue to go up so when the price goes down the best thing is to be calm and keep buying.
Because decentralization gives anyone the opportunity to influence prices, but of course those with greater power are able to influence prices so that prices can go down or up. Every price drop is an opportunity to accumulate but it can only work for those who always have funds and who have the target as a long term investment, and when the price goes up is an opportunity for traders to take profits after already having Bitcoin at a cheaper price before, Bitcoin can profitable if we understand how it works and not just always panic every time there is a price reduction, because it's impossible for prices to always go up because there are times when people will take profits so there will be price corrections.


Title: Re: Bitcoin is going down.
Post by: superman184 on May 03, 2023, 09:50:39 AM
Bitcoin which uses the concept of decentralization makes the price go up and down, and when the price goes down we have the opportunity to buy more, I'm sure that the price will continue to go up so when the price goes down the best thing is to be calm and keep buying.
The rise and fall of the Bitcoin price is not because of its decentralized concept, but it is still caused by the supply and demand that exists in the market and the buying and selling power of everyone. In general, the suggestions you convey are good, but I do not agree that the problem of price fluctuations is related to the concepts that exist in Bitcoin because in my opinion this is not logical enough to say.


Title: Re: Bitcoin is going down.
Post by: Ani1985 on May 04, 2023, 04:39:42 AM
Today the price can go up and hope it will continue until the end of the month, previously I had a target to sell if the price could reach $ 35k, unfortunately the price stopped at $ 30k, it needs a fantastic increase like January again so that investors are more optimistic.


Title: Re: Bitcoin is going down.
Post by: Pejoh Asu on May 06, 2023, 09:48:39 AM
Bitcoin goes down today , But going up tomorrow so what alarms you now mate?  and besides are you really investing on this ?or just fudding around?

you are creating thread that cannot be supported nor even you so why would people here needs to believe in what you are speculating ?
common man, be a good person here and not just telling lies that you don't even understand.

It seems that the price is difficult to go up when it passes $ 30k, many people sell because they think that the market will red again, I think the most important thing that makes the price crash is FUDs on social media, according to social media experts FUDs that are spread are structured because they are funded by haters who don't like bitcoins.


Title: Re: Bitcoin is going down.
Post by: Yaunfitda on May 06, 2023, 11:33:06 AM
Bitcoin goes down today , But going up tomorrow so what alarms you now mate?  and besides are you really investing on this ?or just fudding around?

you are creating thread that cannot be supported nor even you so why would people here needs to believe in what you are speculating ?
common man, be a good person here and not just telling lies that you don't even understand.

It seems that the price is difficult to go up when it passes $ 30k, many people sell because they think that the market will red again, I think the most important thing that makes the price crash is FUDs on social media, according to social media experts FUDs that are spread are structured because they are funded by haters who don't like bitcoins.
That's what we call resistance level, so for now it's $30k and usually it happen during those round numbers. And as we can see it's trending sideways, the positive thing is that it's around $29ki'ish level so that is a good sign in my opinion.

Just the start of the week for May though, anything can happen, including a break out run that will put the price to $30k and up. Or another sideways or worst is that we will have another correction to $25k. So we still need to be very careful, adjust our plans based on the movement of the price.


Title: Re: Bitcoin is going down.
Post by: StreakW on May 07, 2023, 09:40:56 AM
The rise and fall of bitcoin prices is a natural thing. In fact, no one can accurately predict the rise and fall of bitcoin prices. Therefore, if you are sure of investing in Bitcoin, then buy immediately. If you think the current price is low, don't wait for the price to drop further because we don't know how far the price movement of Bitcoin will go in the future.
You can buy now or wait, there is not problem in the latter. Dividing the available cash at hand to buy at different low levels is a strategic option  that you can exploit when you sell at different highs. I would rather suggest to buy at the lowest lows the prices reaches, of course it is not possible to always predict and execute the trade by them. These can only be guessed by some accuracy by trading charts and their analyses but ultimately it is our own money so do your own research before investing.

Like I said, let is go down, it only confirms that we will get highly discounted prices to buy at.
Correct. I agree with you that buying now may be the right strategy for making big profits later. Especially if we refer to the 4-year cycle, then it is possible that in 2024 there will be a bitcoin halving where bitcoin will print new ATH again. So buying now is the right time while the bitcoin price is still relatively low before the bullish and bitcoin halving phase comes.


Title: Re: Bitcoin is going down.
Post by: cafee_orange on May 07, 2023, 08:20:42 PM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

I don't think the market conditions at the current bitcoin price are stable, but in my opinion the current bitcoin price is worth buying while waiting for the end of the year to arrive, or we will take profits when the bitcoin price soars higher than today. it is possible that the price of bitcoin this year will exceed the prices of previous years. I think if the bitcoin price is still under $ 50,000 it is still a decent price to buy, this is in my opinion.


Title: Re: Bitcoin is going down.
Post by: 19Nov16 on May 08, 2023, 09:14:18 AM
The rise and fall of bitcoin prices is a natural thing. In fact, no one can accurately predict the rise and fall of bitcoin prices. Therefore, if you are sure of investing in Bitcoin, then buy immediately. If you think the current price is low, don't wait for the price to drop further because we don't know how far the price movement of Bitcoin will go in the future.
You can buy now or wait, there is not problem in the latter. Dividing the available cash at hand to buy at different low levels is a strategic option  that you can exploit when you sell at different highs. I would rather suggest to buy at the lowest lows the prices reaches, of course it is not possible to always predict and execute the trade by them. These can only be guessed by some accuracy by trading charts and their analyses but ultimately it is our own money so do your own research before investing.

Like I said, let is go down, it only confirms that we will get highly discounted prices to buy at.
Correct. I agree with you that buying now may be the right strategy for making big profits later. Especially if we refer to the 4-year cycle, then it is possible that in 2024 there will be a bitcoin halving where bitcoin will print new ATH again. So buying now is the right time while the bitcoin price is still relatively low before the bullish and bitcoin halving phase comes.


Many believe that the price has a chance to drop below $25k again in 3 or 4 days, if we want to buy in large portions of course waiting for a maximum of 4 more days is a good thing, I have also put a buying price of around $24500 on spot exchange and hope that after the drop, the market can rise again.


Title: Re: Bitcoin is going down.
Post by: fzkto on May 08, 2023, 09:51:48 AM
The rise and fall of bitcoin prices is a natural thing. In fact, no one can accurately predict the rise and fall of bitcoin prices. Therefore, if you are sure of investing in Bitcoin, then buy immediately. If you think the current price is low, don't wait for the price to drop further because we don't know how far the price movement of Bitcoin will go in the future.
You can buy now or wait, there is not problem in the latter. Dividing the available cash at hand to buy at different low levels is a strategic option  that you can exploit when you sell at different highs. I would rather suggest to buy at the lowest lows the prices reaches, of course it is not possible to always predict and execute the trade by them. These can only be guessed by some accuracy by trading charts and their analyses but ultimately it is our own money so do your own research before investing.

Like I said, let is go down, it only confirms that we will get highly discounted prices to buy at.
Correct. I agree with you that buying now may be the right strategy for making big profits later. Especially if we refer to the 4-year cycle, then it is possible that in 2024 there will be a bitcoin halving where bitcoin will print new ATH again. So buying now is the right time while the bitcoin price is still relatively low before the bullish and bitcoin halving phase comes.


Many believe that the price has a chance to drop below $25k again in 3 or 4 days, if we want to buy in large portions of course waiting for a maximum of 4 more days is a good thing, I have also put a buying price of around $24500 on spot exchange and hope that after the drop, the market can rise again.
Why do you have such a short time frame for this correction? I think three or four days is very short for such a fall. If bitcoin drops 20% in such a short period of time, it will panic and more serious drop might follow. By the way, I think 25k-27k levels are very strong, so I hope that the price will not go lower.


Title: Re: Bitcoin is going down.
Post by: bakasabo on May 08, 2023, 10:22:29 AM
Current situation with transaction fees and mempool might play good for Bitcoin (but not for everyone), as it might become a cryptocurrency for rich only, for those who can afford to spend a lot on fees. Thus Bitcoin might become more demanded than it is now, which should push the price up. Fewer people would allow to buy it, making Bitcoin more precious. The current price drop imo is cause by a small panic or better say misunderstanding among users.


Title: Re: Bitcoin is going down.
Post by: Texac on May 08, 2023, 10:42:16 AM
Current situation with transaction fees and mempool might play good for Bitcoin (but not for everyone), as it might become a cryptocurrency for rich only, for those who can afford to spend a lot on fees. Thus Bitcoin might become more demanded than it is now, which should push the price up. Fewer people would allow to buy it, making Bitcoin more precious. The current price drop imo is cause by a small panic or better say misunderstanding among users.

do you mean the current high transaction fees are good for bitcoin? we always say that bitcoin is better than the banking system as a low-cost form of cross-border money transfer. but with the current situation, things are getting worse and causing serious congestion, not only the transaction fees are increasing, but the transfer time will also be up to several days. I don't think this is good for bitcoin's reputation.
if there is no regular buy and sell in the market, meaning demand for bitcoin falls, the price of bitcoin will plummet.


Title: Re: Bitcoin is going down.
Post by: Franctoshi on May 08, 2023, 11:31:00 AM
do you mean the current high transaction fees are good for bitcoin? we always say that bitcoin is better than the banking system as a low-cost form of cross-border money transfer. but with the current situation, things are getting worse and causing serious congestion, not only the transaction fees are increasing, but the transfer time will also be up to several days. I don't think this is good for bitcoin's reputation.
if there is no regular buy and sell in the market, meaning demand for bitcoin falls, the price of bitcoin will plummet.

It Relatively lower when considering sending huge some amount of Bitcoin in that regards, And when compared with what would be charged if doing a million or billion dollars Cross boarder transaction on fiat and in terms of execution time/speed of the transaction, it still faster than the time it will take for someone to send fiat currency to another country, I do believe more technology will be available on the Bitcoin's network in the future, in order to reduce transaction cost just as using the Lightning network LN, is cheaper right now.


Title: Re: Bitcoin is going down.
Post by: Nrcewker on May 08, 2023, 12:57:15 PM
Current situation with transaction fees and mempool might play good for Bitcoin (but not for everyone), as it might become a cryptocurrency for rich only, for those who can afford to spend a lot on fees. Thus Bitcoin might become more demanded than it is now, which should push the price up. Fewer people would allow to buy it, making Bitcoin more precious. The current price drop imo is cause by a small panic or better say misunderstanding among users.

Or else it maybe just a price correction. Before a big jump, we have option see some price correction in the price of Bitcoins. Or els this might be just price manipulations by big whales. Anything is possible and yes, seeing the transaction fees is now the big problem. But it will be solved very as soon as the mempool becomes less crowded. Regarding the price of Bitcoins, then when the price falls a little, try to buy at that time, and hence when the price of the coin will go up, sell and make little extra profit. That’s the best thing possible to do currently.


Title: Re: Bitcoin is going down.
Post by: irhact on May 08, 2023, 01:12:33 PM
I don't think the market conditions at the current bitcoin price are stable, but in my opinion the current bitcoin price is worth buying while waiting for the end of the year to arrive, or we will take profits when the bitcoin price soars higher than today. it is possible that the price of bitcoin this year will exceed the prices of previous years. I think if the bitcoin price is still under $ 50,000 it is still a decent price to buy, this is in my opinion.

I think it's risky to buy now unless you're planning on holding for a very long term then you won't have any issue since the current price is a good price but if you're looking to sell in a short term then don't buy yet. Bitcoin is very weak, it has been struggling to breakthrough the $30k price since it did so last month and fall below again. Bitcoin is now trading at $27k and might fall further to $25k.

There's a support at $28k but I don't think it'll be that strong to hold off the sell orders that'll be coming in immediately traders start noticing Bitcoin is falling. So it's better to wait wait until the support at $25k is reach then you can buy as I don't see this correction taking Bitcoin price below $25k.


Title: Re: Bitcoin is going down.
Post by: GigaBit on May 08, 2023, 02:17:37 PM
Current situation with transaction fees and mempool might play good for Bitcoin (but not for everyone), as it might become a cryptocurrency for rich only, for those who can afford to spend a lot on fees. Thus Bitcoin might become more demanded than it is now, which should push the price up. Fewer people would allow to buy it, making Bitcoin more precious. The current price drop imo is cause by a small panic or better say misunderstanding among users.

do you mean the current high transaction fees are good for bitcoin? we always say that bitcoin is better than the banking system as a low-cost form of cross-border money transfer. but with the current situation, things are getting worse and causing serious congestion, not only the transaction fees are increasing, but the transfer time will also be up to several days. I don't think this is good for bitcoin's reputation.
if there is no regular buy and sell in the market, meaning demand for bitcoin falls, the price of bitcoin will plummet.
Sudden big drop in BTC price make us worried. BTC price has decreased by 2.9 percent in the last 24 hours. We know that mainly due to network congestion, the pressure has increased a lot. BTC has been paused by network validators. When the network stabilizes, the nodes will start working again. There could be several reasons for the sudden increase in pressure on BTC. But due to network stress, BTC transaction fees have also increased significantly. Increasing transaction fees is definitely not a good attitude. But I think it is temporary. When the network doesn't working perfectly, the pressure increases and the transaction fees also increase. But very soon this problem may be solved.
Reasons why BTC price dropped: (https://cryptonews.net/20946138/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)




Title: Re: Bitcoin is going down.
Post by: kro55 on May 08, 2023, 02:43:19 PM
snip
Sudden big drop in BTC price make us worried. BTC price has decreased by 2.9 percent in the last 24 hours. We know that mainly due to network congestion, the pressure has increased a lot. BTC has been paused by network validators. When the network stabilizes, the nodes will start working again. There could be several reasons for the sudden increase in pressure on BTC. But due to network stress, BTC transaction fees have also increased significantly. Increasing transaction fees is definitely not a good attitude. But I think it is temporary. When the network doesn't working perfectly, the pressure increases and the transaction fees also increase. But very soon this problem may be solved.
Reasons why BTC price dropped: (https://cryptonews.net/20946138/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)




Are you new to the market? How can you worry when bitcoin is down only 3% in 24 hours? If you're excited about bitcoin's 10%, 20% growth, then you also need to prepare for a sudden slump in bitcoin's price. Bitcoin volatility is a roller coaster ride, and 3% is a negligible drop for bitcoin.
We all know that the transaction fees of BTC are very high, I don't know exactly if that is the cause of the bitcoin price correction. But I don't see any surprises or worries for bitcoin, I think the volatility of bitcoin is just market demand. If bitcoin can go up, it can also fall, you can't expect bitcoin to rise vertically without a correction.


Title: Re: Bitcoin is going down.
Post by: superman184 on May 08, 2023, 03:13:40 PM
Correct. I agree with you that buying now may be the right strategy for making big profits later. Especially if we refer to the 4-year cycle, then it is possible that in 2024 there will be a bitcoin halving where bitcoin will print new ATH again. So buying now is the right time while the bitcoin price is still relatively low before the bullish and bitcoin halving phase comes.
If you buy Bitcoin at this point just because you are reminded of a four year cycle in which cycle Bitcoin can print another ATH because of the halving. You should have done this last year because it's much better than now although it's also not bad if you want to buy it now, because what you said is part of the possibility that will happen to Bitcoin even though the opposite possibility of what you said is also still could happen to Bitcoin for now.

Many believe that the price has a chance to drop below $25k again in 3 or 4 days, if we want to buy in large portions of course waiting for a maximum of 4 more days is a good thing, I have also put a buying price of around $24500 on spot exchange and hope that after the drop, the market can rise again.
Hope you get it, because that is also an uncertain possibility so I still don't have much confidence in that given the price resistance support that exists in the market in the area not far from $28K. And even if what you say can happen, it might be very profitable for you if Bitcoin can increase again in the near future.

Why do you have such a short time frame for this correction? I think three or four days is very short for such a fall. If bitcoin drops 20% in such a short period of time, it will panic and more serious drop might follow. By the way, I think 25k-27k levels are very strong, so I hope that the price will not go lower.
I also don't know why he said that about Bitcoin's correction at such a short time, because I also think that the Bitcoin price can still maintain the $28K area with better chances of recovery in the market. But this is speculation which is basically always difficult to know for sure, but I just hope and believe that in the next four days the price of Bitcoin will not be that low.


Title: Re: Bitcoin is going down.
Post by: AnonBitCoiner on May 08, 2023, 07:01:00 PM
lol. Bitcoin has been going up because the bear market ended a month ago. That is the only reason it needs to go up.

You don't need to freak yourself out just because it is range trading. This is normal buddy.

Whenever the price boosted or come back low then we cannot come to the conclusion that its a Bull or bear run because now the bitcoin is again reduces so it don't not describe about the declining of bitcoin but its just for some moment some days or even some weeks but soon it goes up.

We don't know about the ending of bear market as the price can regularly altered in positive or negative direction. Movement of price is surely normal but avoiding of your emotional behavior during such situations are very essential part of trading to be a successful investor.


Title: Re: Bitcoin is going down.
Post by: Baofeng on May 08, 2023, 10:02:54 PM
lol. Bitcoin has been going up because the bear market ended a month ago. That is the only reason it needs to go up.

You don't need to freak yourself out just because it is range trading. This is normal buddy.

Whenever the price boosted or come back low then we cannot come to the conclusion that its a Bull or bear run because now the bitcoin is again reduces so it don't not describe about the declining of bitcoin but its just for some moment some days or even some weeks but soon it goes up.

We don't know about the ending of bear market as the price can regularly altered in positive or negative direction. Movement of price is surely normal but avoiding of your emotional behavior during such situations are very essential part of trading to be a successful investor.

Technically though we are still in the bear market, so the price will tend to go down. What we have been seeing since the start of the year is that the price goes on a recovery phase, after we have seen the lowest low of $15,500 due to FTX collapse. But after that, investors goes on the market again. As we can see January alone we have like 40%+ bounce. But it doesn't mean that we are out of the bear market yet.

And in the last 24 hours, perhaps due to the network spam or congestion, a lot has been selling their Bitcoin or maybe converting it to stable coins because it's very expensive to do Bitcoin transaction now. But in any case, it doesn't mean that we will go down hard again. We still have a good support at $27k and if it fall down then $25k is the next big support.


Title: Re: Bitcoin is going down.
Post by: bakasabo on May 09, 2023, 07:32:51 AM
Current situation with transaction fees and mempool might play good for Bitcoin (but not for everyone), as it might become a cryptocurrency for rich only, for those who can afford to spend a lot on fees. Thus Bitcoin might become more demanded than it is now, which should push the price up. Fewer people would allow to buy it, making Bitcoin more precious. The current price drop imo is cause by a small panic or better say misunderstanding among users.

do you mean the current high transaction fees are good for bitcoin? we always say that bitcoin is better than the banking system as a low-cost form of cross-border money transfer. but with the current situation, things are getting worse and causing serious congestion, not only the transaction fees are increasing, but the transfer time will also be up to several days. I don't think this is good for bitcoin's reputation.
if there is no regular buy and sell in the market, meaning demand for bitcoin falls, the price of bitcoin will plummet.

No, not trying to say that high fees are good, they create Bitcoin and transactions more valuable. Like silver and gold. Smelting gold needs more accuracy, experience. And you can throw a silver brick on a a pan and go take a coffee. Or like water in desert. It is expensive to get it (to transfer Bitcoin in our case). And if you are thirsty, you would pay any price to get a drink (Bitcoin).

People would avoid transferring Bitcoin, but those who can afford, will be able to pay (share) fees if they want to convert fiat to Bitcoin. Those who hold Bitcoin can start to dictate prices to those who wants to buy. There is always a demand for Bitcoin. But due to high fees, people would transfer less. Which might make people to buy Bitcoin for any price seller might set. I hope you get my idea.


Title: Re: Bitcoin is going down.
Post by: Texac on May 09, 2023, 12:38:29 PM
do you mean the current high transaction fees are good for bitcoin? we always say that bitcoin is better than the banking system as a low-cost form of cross-border money transfer. but with the current situation, things are getting worse and causing serious congestion, not only the transaction fees are increasing, but the transfer time will also be up to several days. I don't think this is good for bitcoin's reputation.
if there is no regular buy and sell in the market, meaning demand for bitcoin falls, the price of bitcoin will plummet.

It Relatively lower when considering sending huge some amount of Bitcoin in that regards, And when compared with what would be charged if doing a million or billion dollars Cross boarder transaction on fiat and in terms of execution time/speed of the transaction, it still faster than the time it will take for someone to send fiat currency to another country, I do believe more technology will be available on the Bitcoin's network in the future, in order to reduce transaction cost just as using the Lightning network LN, is cheaper right now.

there have been some solutions to the bitcoin transaction fee problem like Lightning, but it's still not widespread and I don't know why people don't implement Lightning on all their platforms.  What you said is not wrong when comparing fees and transaction times with large amounts like billions of dollars, bitcoin dominates. but what about the small transactions in the past few days?  we must evaluate fairly, not ignoring the disadvantages but only emphasizing the advantages. Bitcoin is good but imperfect, and we should look at it to find a solution rather than ignore it.


Title: Re: Bitcoin is going down.
Post by: MiF on May 09, 2023, 01:12:01 PM
If bitcoin fall it is a big opportunity to buy and if btc rise we have a big opportunity to sell for profit. So there's no need to worries everything is crypto is really surprising all you need to do is to go with the flow the market flow and be more patience for good because those who believe btc will go up but no patience still cant get profit because patience to hold is the most important.


Title: Re: Bitcoin is going down.
Post by: Negotiation on May 09, 2023, 01:13:15 PM
Bitcoin which uses the concept of decentralization makes the price go up and down, and when the price goes down we have the opportunity to buy more, I'm sure that the price will continue to go up so when the price goes down the best thing is to be calm and keep buying.
The rise and fall of the Bitcoin price is not because of its decentralized concept, but it is still caused by the supply and demand that exists in the market and the buying and selling power of everyone. In general, the suggestions you convey are good, but I do not agree that the problem of price fluctuations is related to the concepts that exist in Bitcoin because in my opinion this is not logical enough to say.
It is true that the price of Bitcoin usually rises based on its demand the higher the demand, the higher the price. The decline in prices has fueled concerns among some investors that inflation and high borrowing costs could hamper economic growth around the world. But now more traditional investors are turning to digital asset. In addition to individual investors, institutional investors are also buying cryptocurrencies.


Title: Re: Bitcoin is going down.
Post by: $crypto$ on May 09, 2023, 01:16:08 PM

Technically though we are still in the bear market, so the price will tend to go down. What we have been seeing since the start of the year is that the price goes on a recovery phase, after we have seen the lowest low of $15,500 due to FTX collapse. But after that, investors goes on the market again. As we can see January alone we have like 40%+ bounce. But it doesn't mean that we are out of the bear market yet.

And in the last 24 hours, perhaps due to the network spam or congestion, a lot has been selling their Bitcoin or maybe converting it to stable coins because it's very expensive to do Bitcoin transaction now. But in any case, it doesn't mean that we will go down hard again. We still have a good support at $27k and if it fall down then $25k is the next big support.
Bear market but not completely crashing but I always think this is sideways for bitcoin movement now, but with the bounce from January until now then I think bitcoin can still survive at high prices and it doesn't go back to the bottom when the FTX collapse occurs.

I think the cause of congestion on the bitcoin network is due to ordinal, many people become fomo because of this trend but you need to be careful because this won't last long, what I understand about ordinal is that it is different from other tokens that are in smart contracts.

But I think there are still many people who stick with bitcoin even though the network is congested now.


Title: Re: Bitcoin is going down.
Post by: Mr.suevie on May 09, 2023, 01:39:14 PM


So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.


Wow! If there is one thing I admire about this post? that would be tenacity and confidence in which you wrote these words, I mean how is now not the best time to buy or purchase bitcoin ? The market price is still low compared to the last ATH and we all can openly see that  the price is striving to peak up a bull pace and now is just the perfect time to buy bitcoin with all inflation going is even good for the slow uprise of bitcoin and people are shifting corners from their fiat investment and making possible investment in BTC all because of the hyper inflation that is eating up the economy.


Title: Re: Bitcoin is going down.
Post by: TravelMug on May 10, 2023, 12:00:25 AM

Technically though we are still in the bear market, so the price will tend to go down. What we have been seeing since the start of the year is that the price goes on a recovery phase, after we have seen the lowest low of $15,500 due to FTX collapse. But after that, investors goes on the market again. As we can see January alone we have like 40%+ bounce. But it doesn't mean that we are out of the bear market yet.

And in the last 24 hours, perhaps due to the network spam or congestion, a lot has been selling their Bitcoin or maybe converting it to stable coins because it's very expensive to do Bitcoin transaction now. But in any case, it doesn't mean that we will go down hard again. We still have a good support at $27k and if it fall down then $25k is the next big support.
Bear market but not completely crashing but I always think this is sideways for bitcoin movement now, but with the bounce from January until now then I think bitcoin can still survive at high prices and it doesn't go back to the bottom when the FTX collapse occurs.

I think the cause of congestion on the bitcoin network is due to ordinal, many people become fomo because of this trend but you need to be careful because this won't last long, what I understand about ordinal is that it is different from other tokens that are in smart contracts.

But I think there are still many people who stick with bitcoin even though the network is congested now.

That's the best scenario that we can have right now, is that bitcoin will no longer see another lowest low, in short we have hit bottom already last year with black swan events specially FTX.

Doesn't matter though about those ordinals or brc-20, sooner or later it will have to die down. I don't think it's sustainable, it's growth? no. Just look at today's price of those supposedly NFT's almost everything is down and investors are losing money on this hype.


Title: Re: Bitcoin is going down.
Post by: Rasa nanas on May 10, 2023, 01:01:37 AM
If bitcoin fall it is a big opportunity to buy and if btc rise we have a big opportunity to sell for profit. So there's no need to worries everything is crypto is really surprising all you need to do is to go with the flow the market flow and be more patience for good because those who believe btc will go up but no patience still cant get profit because patience to hold is the most important.
That's right, especially if long-term investing shouldn't have to worry about the small price dips that occur in bitcoin prices. it is impossible for the price of bitcoin to continue to rise and it is also impossible for the price of bitcoin to continue to fall, the price of bitcoin fluctuates meaning it can go up and down very quickly. all we have to do is take advantage of the moment well, as you said, namely sell when it goes up and buy when it goes down.


Title: Re: Bitcoin is going down.
Post by: Wong Gendheng on May 10, 2023, 02:15:34 AM
If we have a long -term plan for Bitcoin investment, now is a good time to buy, many people assume that the price is immediately rising again so that by buying when the price is cheap then we get a big profit, so that when the price drops it becomes a good opportunity to buy more.


Title: Re: Bitcoin is going down.
Post by: STT on May 10, 2023, 02:47:34 AM
BTC is always going to be making some kind of low, however it doesn't have to matter especially so long as the low now registering is still higher then the prior low seen in a good sequence.  BTC has stayed above 27k roughly and is still fitting into that definition of a positive trend which is higher lows so BTC remains positive and cannot yet be concluded as acting negatively despite some negative expectations etc.


Title: Re: Bitcoin is going down.
Post by: laurenB7742 on May 10, 2023, 02:49:23 AM
lol. Bitcoin has been going up because the bear market ended a month ago. That is the only reason it needs to go up.

You don't need to freak yourself out just because it is range trading. This is normal buddy.

Whenever the price boosted or come back low then we cannot come to the conclusion that its a Bull or bear run because now the bitcoin is again reduces so it don't not describe about the declining of bitcoin but its just for some moment some days or even some weeks but soon it goes up.

We don't know about the ending of bear market as the price can regularly altered in positive or negative direction. Movement of price is surely normal but avoiding of your emotional behavior during such situations are very essential part of trading to be a successful investor.

If based on history to judge, we are still not out of the bears, we are only halfway through the 4-year cycle, and it is still very early to end the bear season. Bitcoin has recovered more than 50% since the low, which is a welcome sign this year, but there is no guarantee that it will not go back below $20k or even $10k. Although the odds of that happening are very low, it's not impossible.

Whether the price goes up or down, I never feel panic, if the price goes down, I will buy more, if the price goes up, I will be profitable with the bitcoin I purchased last year. The important thing is the plan and the strategy when investing, the market up or down does not matter.


Title: Re: Bitcoin is going down.
Post by: Joshapat on May 10, 2023, 06:10:29 AM
It's normal when bitcoin goes down, tomorrow or next week the price will come back again, the decentralized system does make the price completely dependent on the market, when the price goes down the best thing is to buy a lot so that we get big profits when the price goes up again.


Title: Re: Bitcoin is going down.
Post by: taufik123 on May 10, 2023, 09:14:45 AM
-snip-
Whether the price goes up or down, I never feel panic, if the price goes down, I will buy more, if the price goes up, I will be profitable with the bitcoin I purchased last year. The important thing is the plan and the strategy when investing, the market up or down does not matter.
Panic will only lead to unwanted losses. You don't feel panic when the Bitcoin price drops indicating that your psychology is ready for all the conditions that will occur in the Bitcoin market. The important thing is that you already have a strategy or plan when prices go down and up.
All must be taken into account and capital management will help in making Buybacks when the market crashes.

The decline in Bitcoin is still said to be positive and the decline needs to be done when the market is saturated.
Hopefully, the Bitcoin market trend will remain positive and be able to reach its highest price again.
Although currently the Bitcoin network is stuck and fees are too expensive.


Title: Re: Bitcoin is going down.
Post by: yohananaomi on May 12, 2023, 02:15:55 AM
It's normal when bitcoin goes down, tomorrow or next week the price will come back again, the decentralized system does make the price completely dependent on the market, when the price goes down the best thing is to buy a lot so that we get big profits when the price goes up again.
downs and ups of bitcoin is indeed a normal thing that will happen in a situation where the market has not recovered, when at the beginning of the year it increased sharply, so now it is declining again which is only natural, because the situation has not yet led to improvements to continue to increase. In this situation, I totally agree with you, that is the right time to continue to buy and hold on for a time not long to come where the halving era situation will occur. every halving period, usually the price will start to improve and move on until a year later it forms a renewable ATH.


Title: Re: Bitcoin is going down.
Post by: ancafe on May 12, 2023, 07:22:22 AM
So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.
Let's do the math, we are currently in Q2 and roughly speaking we are in a correction market given the current state of bitcoin and it should be a good move to collect some bitcoins before heading into Q3 and Q4. Is there another scenario that is better than that?

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.
When have you seen the bitcoin price never goes down and that is how bitcoin travels in the market. Your advice has no basis on which to run, you say it's not the right time to buy bitcoins at the moment and you're trying to advise people to save their money in stablecoins/cash. Are you healthy? The best scenario is to buy bitcoin when the price drops and you choose to hold the stablecoin instead and you also say you will come back to the market when the economy recovers and the crypto market is up again.

It's useless to follow FED and you will lose concentration on investing and until whenever the scenario will never end. When you decide to invest, you don't need to think about many things, including FED news trying to play the interest rate issue, because bitcoin is not affected by one such issue on its way.


Title: Re: Bitcoin is going down.
Post by: Davian144 on May 12, 2023, 09:55:34 AM
It's normal when bitcoin goes down, tomorrow or next week the price will come back again, the decentralized system does make the price completely dependent on the market, when the price goes down the best thing is to buy a lot so that we get big profits when the price goes up again.
In general, no one knows whether tomorrow or next week the price of Bitcoin will rise again, because when the price of Bitcoin completely depends on market conditions, it means that the price of Bitcoin is always determined by the number of enthusiasts who want to buy it in large quantities. Because there are also Bitcoin enthusiasts who have not been able to buy more even though in declining conditions, Bitcoin market conditions will often change according to the attractiveness of people entering the market to buy Bitcoin.


Title: Re: Bitcoin is going down.
Post by: laurenB7742 on May 13, 2023, 02:21:12 AM
-snip-
Whether the price goes up or down, I never feel panic, if the price goes down, I will buy more, if the price goes up, I will be profitable with the bitcoin I purchased last year. The important thing is the plan and the strategy when investing, the market up or down does not matter.
Panic will only lead to unwanted losses. You don't feel panic when the Bitcoin price drops indicating that your psychology is ready for all the conditions that will occur in the Bitcoin market. The important thing is that you already have a strategy or plan when prices go down and up.
All must be taken into account and capital management will help in making Buybacks when the market crashes.

The decline in Bitcoin is still said to be positive and the decline needs to be done when the market is saturated.
Hopefully, the Bitcoin market trend will remain positive and be able to reach its highest price again.
Although currently the Bitcoin network is stuck and fees are too expensive.

Bitcoin network congestion is temporary, I really don't feel worried because the hype of BRC20 trend and other junk trends will soon disappear. Everything will be back to normal soon.

In the long term, I think people don't need to worry about bitcoin, bitcoin still shows us it's always growing for a long time, and people panic just because people are too concerned with the price in the short term.

Every time Bitcoin drops 5%-10%, there will be a series of questions about why bitcoin is down, people find reasons and blame everything…those are unnecessary questions. Instead, we just buy when the price drops and wait, because no market goes down forever, just think of it simply as the market's movement.


Title: Re: Bitcoin is going down.
Post by: bitterguy28 on May 13, 2023, 03:08:06 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
both of your posts are completely failure because bitcoin may have been dropping but not as bad as you wanted to call here.
maybe you are not truly a bitcoin believer?
Quote
So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.
everytime is the right time to buy ,

  - the only thing is that can you affort of holding if ever it takes time before gaining richer?

Quote
So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.
lol holding stable coin? that is the stupidest idea i ever heard being posted here in Bitcoin forum.
if this is your logic, then better to get out of here and find your way to banking system lol.


Title: Re: Bitcoin is going down.
Post by: DanWalker on May 13, 2023, 04:54:44 AM

Quote
So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.
everytime is the right time to buy ,

  - the only thing is that can you affort of holding if ever it takes time before gaining richer?

It's also not entirely true to say that every time is the right time to buy bitcoin. You cannot advise someone to buy bitcoin when it hit $69k last year or someone to buy when bitcoin is $100k in the future. You won't lose even if you buy at that price as long as you don't sell it, but it's a bad investment method because it will take you a long time to break even while someone else will make a big profit at the same time. Buying bitcoins requires the right time, and finding that moment depends on each person's skill.



Quote
So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.
lol holding stable coin? that is the stupidest idea i ever heard being posted here in Bitcoin forum.
if this is your logic, then better to get out of here and find your way to banking system lol.

I think what he meant was not to buy at this point and pick a better time to buy. Because everyone has a habit of when the market is volatile or waiting for a good time to buy, their assets will be in the form of stablecoins or cash.



Title: Re: Bitcoin is going down.
Post by: asrinur on May 13, 2023, 08:46:02 AM
No one has been able to accurately predict the rise and fall of bitcoin prices. If we look at the current market conditions it seems that the price of bitcoin is unlikely to fall below $20k again. I am optimistic that the current increase in bitcoin prices seems to continue even if there is a slight correction, but it is a step towards the next level of price increase.


Title: Re: Bitcoin is going down.
Post by: pawel7777 on May 13, 2023, 10:25:24 AM
It's also not entirely true to say that every time is the right time to buy bitcoin. You cannot advise someone to buy bitcoin when it hit $69k last year or someone to buy when bitcoin is $100k in the future. You won't lose even if you buy at that price as long as you don't sell it, but it's a bad investment method because it will take you a long time to break even while someone else will make a big profit at the same time. Buying bitcoins requires the right time, and finding that moment depends on each person's skill.

The highlighted (by me) part is a myth. It's true maybe for the purpose of your tax returns but otherwise is simply wrong. Whether you make a profit or loss should be considered in terms of value (i.e. expressed in fiat currency) and not only by the actual fiat currency that you have.
If you hold $100k worth of bitcoins and the next day it's worth only $50k, that means you got poorer and lost 50% of the value. Whether you sell or not is irrelevant. The value of the assets you hold is now lesser than it was, and pretending this is somehow not a loss is just a cope.


Title: Re: Bitcoin is going down.
Post by: zaim7413 on May 13, 2023, 02:24:54 PM
The price of Bitcoin is wild, it can go up to $4000 then it can drop $5000 in a matter of hours. The very volatile value of Bitcoin makes its movements unpredictable. I've never been worried about the value of Bitcoin being traded at the moment, it's normal for bitcoin to crash after experiencing turmoil. Whatever the reason, nothing can make Bitcoin go down even further even if you suggest saving cash or stablecoins.

Previously Bitcoin was traded at the level of $800, Even in 2011 bitcoin was traded at a value of $3. There is no need to panic with the current market conditions, Bitcoin will continue to grow and give profits to people who don't panic easily.


Title: Re: Bitcoin is going down.
Post by: Ryu_Ar1 on May 13, 2023, 06:29:11 PM
No one has been able to accurately predict the rise and fall of bitcoin prices. If we look at the current market conditions it seems that the price of bitcoin is unlikely to fall below $20k again. I am optimistic that the current increase in bitcoin prices seems to continue even if there is a slight correction, but it is a step towards the next level of price increase.
In this condition it is important to stay aware because of course under no circumstances is an increase not accompanied by a temporary decrease it will be a bit risky so when bitcoin returns to the price of $ 26k isn't that still a good thing for a bounce to the next price.
Regardless of anything like this you definitely have to put it to good use because of course this is a gift back when it was previously at $30K and now it is experiencing a correction so of course the thing to do is continue to do DCA again while bitcoin is getting a correction and keep waiting for moments like this is again and again in fattening the portfolio that we have today.


Title: Re: Bitcoin is going down.
Post by: Franctoshi on May 13, 2023, 08:03:33 PM
No one has been able to accurately predict the rise and fall of bitcoin prices. If we look at the current market conditions it seems that the price of bitcoin is unlikely to fall below $20k again. I am optimistic that the current increase in bitcoin prices seems to continue even if there is a slight correction, but it is a step towards the next level of price increase.
In this condition it is important to stay aware because of course under no circumstances is an increase not accompanied by a temporary decrease it will be a bit risky so when bitcoin returns to the price of $ 26k isn't that still a good thing for a bounce to the next price.
Regardless of anything like this you definitely have to put it to good use because of course this is a gift back when it was previously at $30K and now it is experiencing a correction so of course the thing to do is continue to do DCA again while bitcoin is getting a correction and keep waiting for moments like this is again and again in fattening the portfolio that we have today.

Bitcoin just corrected as it was expected of it to do, which was the retest of $25k, but I still think we may have a little bit of a further correction maybe to hit exactly at the $25k level in order to trap in more seller in that zone. I saw a lot of threads talking about if was time to buy Bitcoin, right now in my opinion another opportunity is presented to us in the market and a discount price precisely and it's encouraging to start a proper DCA from here down to any level that the correction might get us to, however DYOR.


Title: Re: Bitcoin is going down.
Post by: CageMabok on May 14, 2023, 02:58:11 AM
No one has been able to accurately predict the rise and fall of bitcoin prices. If we look at the current market conditions it seems that the price of bitcoin is unlikely to fall below $20k again. I am optimistic that the current increase in bitcoin prices seems to continue even if there is a slight correction, but it is a step towards the next level of price increase.
Corrections and price increases are two things that happen very often to Bitcoin, but Bitcoin always has to have more time for more significant increases. And from what has been seen this year, it looks like the price of Bitcoin will be under $ 30K for a while although I am also optimistic that Bitcoin can still go beyond $ 30K before next year because I see the level of support getting better this year so that there will be more price drops it won't be easy either.


Title: Re: Bitcoin is going down.
Post by: OgNasty on May 14, 2023, 03:38:57 AM
It seems to me like this recent decrease is price has stabilized above $26K. I don’t want to give the all clear or anything but it seems like now might not be a bad time to be buying again after the market scare caused by Ordinals clogging up the mempool. I think watching the Silk Road coins hit the market from the us gov might not be a bad idea if you’re timing your buys also.


Title: Re: Bitcoin is going down.
Post by: mamesso on May 14, 2023, 08:29:12 AM
~Snip~
Corrections and price increases are two things that happen very often to Bitcoin, but Bitcoin always has to have more time for more significant increases. And from what has been seen this year, it looks like the price of Bitcoin will be under $ 30K for a while although I am also optimistic that Bitcoin can still go beyond $ 30K before next year because I see the level of support getting better this year so that there will be more price drops it won't be easy either.
Bitcoin has always been able to withstand pressure even though it experienced 4x crash in the last five years. The current conditions experienced by Bitcoin leave a question mark, can Bitcoin rebound after a correction or even fall even further. Bearish which occurred in 2017, then followed by the occurrence of Covid 19, after that in 2021 and finally being experienced at this time. Bearish conditions that occurred in the past cannot accurately predict what will happen in the future, but the history of corrections experienced by Bitcoin can help to understand the phenomena that occur and are very useful for investors in making decisions.

Economic conditions that have not improved certainly greatly affect the value of Bitcoin, high inflation forced the Fed to make a reckless decision to raise interest rates. When the (US) dollar strengthened due to rising interest rates, the value of Bitcoin was increasingly depressed. I think this condition is very natural because the value of Bitcoin and the dollar (US) tends to move in opposite directions (has a negative correlation).


Title: Re: Bitcoin is going down.
Post by: boltz on May 14, 2023, 09:59:58 AM
Double correction might occur soon and by soon I mean before summer starts and if that happens , my prediction about Bitcoin will almost be complete. We failed to break 30k$ range , we are back on 26-27k range and it looks like we cannot hold this area for long and Bitcoin is heading towards 20k or even lower but I do hope we won't get under 20k.

If you hold crypto , don't panic buy and don't panic sell. Forget about it and simply comeback next year where theoretically the bull run should be in full force right before the halv happens.


Title: Re: Bitcoin is going down.
Post by: lizarder on May 14, 2023, 11:49:22 AM
So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.
I always smile when I hear about saving cash/stablecoins, not for the strength of the fundamentals or lack of value, but rather that this kind of suggestion would seem comical when the availability of bitcoins could be bought for a fraction of the price. What to expect from both? Meanwhile, what we know is that stablecoins are far less holdable under any circumstances, especially when bitcoin prices tend to go sideways.

The moment of increase is usually people trying to make a profit instead you suggest buying. The FED has never been silent on interest rate news and I'm not sure it's fully impacted by this so keep doing the analysis and when a buying opportunity comes your way don't hesitate to start collecting.


Title: Re: Bitcoin is going down.
Post by: Dimitri94 on May 14, 2023, 04:25:16 PM
No one has been able to accurately predict the rise and fall of bitcoin prices. If we look at the current market conditions it seems that the price of bitcoin is unlikely to fall below $20k again. I am optimistic that the current increase in bitcoin prices seems to continue even if there is a slight correction, but it is a step towards the next level of price increase.
If some one get advance information about bitcoin volatility then he would be the top rich person in the world. Ups and downs are a normal process in a trading platform. There is no room for fear or over-enthusiasm. Bitcoin is always cyclical but cannot be influenced by the rise or fall of one's emotions with Bitcoin charts. A bitcoin holder will not lose as long as he is able to hold his bitcoins but those who sell due to its volatility will be exposed to losses on their bitcoin investment. It should be remembered that the bull market starts after the bear market.


Title: Re: Bitcoin is going down.
Post by: fzkto on May 14, 2023, 05:07:42 PM
Double correction might occur soon and by soon I mean before summer starts and if that happens , my prediction about Bitcoin will almost be complete. We failed to break 30k$ range , we are back on 26-27k range and it looks like we cannot hold this area for long and Bitcoin is heading towards 20k or even lower but I do hope we won't get under 20k.

If you hold crypto , don't panic buy and don't panic sell. Forget about it and simply comeback next year where theoretically the bull run should be in full force right before the halv happens.
If you look at the chart, you can see that there have been several attempts to break 30k. I think that after the end of the current correction there will be another attempt to break this level. In summer there will be an official end to cryptocurrency ban in China, which should attract new investments to the market. I think this summer might be different from previous summers when the market was calm.


Title: Re: Bitcoin is going down.
Post by: Ryu_Ar1 on May 14, 2023, 05:18:06 PM
No one has been able to accurately predict the rise and fall of bitcoin prices. If we look at the current market conditions it seems that the price of bitcoin is unlikely to fall below $20k again. I am optimistic that the current increase in bitcoin prices seems to continue even if there is a slight correction, but it is a step towards the next level of price increase.
In this condition it is important to stay aware because of course under no circumstances is an increase not accompanied by a temporary decrease it will be a bit risky so when bitcoin returns to the price of $ 26k isn't that still a good thing for a bounce to the next price.
Regardless of anything like this you definitely have to put it to good use because of course this is a gift back when it was previously at $30K and now it is experiencing a correction so of course the thing to do is continue to do DCA again while bitcoin is getting a correction and keep waiting for moments like this is again and again in fattening the portfolio that we have today.

Bitcoin just corrected as it was expected of it to do, which was the retest of $25k, but I still think we may have a little bit of a further correction maybe to hit exactly at the $25k level in order to trap in more seller in that zone. I saw a lot of threads talking about if was time to buy Bitcoin, right now in my opinion another opportunity is presented to us in the market and a discount price precisely and it's encouraging to start a proper DCA from here down to any level that the correction might get us to, however DYOR.
It would also not be better to utilize the momentum there when many people are thinking of selling why don't we maximize it by buying if there is more money than we set aside.
Regardless of the conditions I'm still quite happy with the current moment because regardless of anything the current conditions are clearly very supportive for me to DCA again after previously I held when they were at $31k and this is probably a pretty good time for me to get back into it. although it is likely to go down again as you said but I don't have a problem with it because obviously it also still makes me quite happy with the conditions that I can take advantage of.


Title: Re: Bitcoin is going down.
Post by: yudi09 on May 15, 2023, 12:04:18 PM
So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.
Acceptable advice is trying to earn a lot of money to buy and collect Bitcoins before the price goes back up.
Generally, buying when prices are low will always be a good initiative because we cannot fully say how long a decline will occur.

Two weeks have passed in May and it's not as good as April in terms of selling price per 1 Bitcoin and for 2 weeks in May this is a good option for those who buy.
There is an estimate that a decline will occur until it reaches 25K before experiencing a price increase again to 30K as a support price.


Title: Re: Bitcoin is going down.
Post by: bettercrypto on May 15, 2023, 02:58:01 PM
The decrease in the value of bitcoin will only happen again and again in this business field, because as long as there are buyers and sellers it will not stop believe me.

        That's why the battle here as an individual is at the level of our knowledge of how we can really get profit here in the crypto space.
What we see and read about crypto is not possible here. We must know the steps that are right so that even if the value of bitcoin is low, we can still make money somehow.


Title: Re: Bitcoin is going down.
Post by: Bitcoin_people on May 16, 2023, 04:43:24 AM
The Bitcoin market is not stable in that it stays in one place rather Bitcoin always moves above the fluctuations. Bitcoin is currently a bit underpriced, but it is likely to be pumped full in the future. The current position of the market is definitely the right time to invest and if you invest with this long confidence you will definitely get good results. Bitcoin goes up and down all the time but when the market is in a bear market then there will be an ATH sometime. And it is best to invest and hold for the future from such a market condition. We all know that the price of Bitcoin is low now but investing from this dumping market. And investing in this market is trying to hold onto the value of Bitcoin until it rises.


Title: Re: Bitcoin is going down.
Post by: crypticj on May 17, 2023, 06:00:02 AM
The price of Bitcoin is wild, it can go up to $4000 then it can drop $5000 in a matter of hours. The very volatile value of Bitcoin makes its movements unpredictable.

But we can still use some signals because bitcoin still follows the stock market and people use it like an asset. It's not like it's moving down and up magically, but because people are buying and selling it all the time depending on the signals they see or market trends.


Title: Re: Bitcoin is going down.
Post by: Dave1 on May 17, 2023, 06:54:24 PM
The price of Bitcoin is wild, it can go up to $4000 then it can drop $5000 in a matter of hours. The very volatile value of Bitcoin makes its movements unpredictable.

But we can still use some signals because bitcoin still follows the stock market and people use it like an asset. It's not like it's moving down and up magically, but because people are buying and selling it all the time depending on the signals they see or market trends.

Another difference is that it is open at all hours, that's why it is so volatile, look at the price movement in just about 8 hours, it went below $27k and I thought that it will go further, but now it's above $27k.

So as much as we read signals or the market trends, it's really unpredictable. Most of the analysis that I read is that we are in the bear market again, so prices are going to go down. But it seems it is holding the support line again at $27k. This week it goes as high as $27,500 if I'm not mistaken, so we will see at least for this month if that price is going to be our support or not.


Title: Re: Bitcoin is going down.
Post by: pawel7777 on May 17, 2023, 07:10:33 PM
But we can still use some signals because bitcoin still follows the stock market and people use it like an asset. It's not like it's moving down and up magically, but because people are buying and selling it all the time depending on the signals they see or market trends.

The correlation between stocks and bitcoin price is not always that strong and there was a moment, during the recent scare of major banks being at the risk of collapse, when Bitcoin seemed to decorrelated for a while and went up when stocks went down, and was behaving more like a gold. So I wouldn't rely too much on stock market signals. Not too mention there are some regulatory risks to the crypto market on the horizon, which wouldn't have much effect on the traditional stocks but could hit Bitcoin.


Title: Re: Bitcoin is going down.
Post by: crypticj on May 18, 2023, 05:13:31 AM
The correlation between stocks and bitcoin price is not always that strong and there was a moment.

The decoupling of bitcoin from the stock market is usually an exception. If you take NASDAQ and bitcoin charts, you will see that they usually move in the same direction. They have some differences overall, but they are both an assets so the same rules apply for both of them like if the economy is getting worse, there are less people that will buy bitcoin and stocks.


Title: Re: Bitcoin is going down.
Post by: Semar Mesem on May 18, 2023, 07:43:13 AM
Last March when the price could reach $ 30k then I am optimistic that the price will continue to rise and my estimate can reach $ 40k in April or May, unfortunately the price continues to decrease and makes us have to be patient, we will wait if May can return to $ 30k or not, if it's still under $30k then it's going to be hard to see the price rising any time soon.


Title: Re: Bitcoin is going down.
Post by: posi on May 18, 2023, 03:01:42 PM
The correlation between stocks and bitcoin price is not always that strong and there was a moment.

The decoupling of bitcoin from the stock market is usually an exception. If you take NASDAQ and bitcoin charts, you will see that they usually move in the same direction. They have some differences overall, but they are both an assets so the same rules apply for both of them like if the economy is getting worse, there are less people that will buy bitcoin and stocks.

There is a bigger difference that you ignore. The stock market is more dependent on supply and demand, while the cryptocurrency market is not entirely based on supply and demand and is manipulated most of the time. Both are financial markets and part of the economy, so macro news will still affect them. There is still a correlation between the 2 markets, but they don't quite move the same all the time. In the first quarter of this year, the stock market didn't have any significant rally, but if we look at bitcoin, we can see it went from $16,000 to $30k in just 2 months. IMO, I don't think they are the same or have any big correlation.


Title: Re: Bitcoin is going down.
Post by: Falconer on May 18, 2023, 03:15:20 PM
The correlation between stocks and bitcoin price is not always that strong and there was a moment.

The decoupling of bitcoin from the stock market is usually an exception. If you take NASDAQ and bitcoin charts, you will see that they usually move in the same direction. They have some differences overall, but they are both an assets so the same rules apply for both of them like if the economy is getting worse, there are less people that will buy bitcoin and stocks.
Basically I agree that there are some similarities about the two assets especially in the current economic situation. Bitcoin and stocks are affected by economic conditions that are clearly a worldwide problem until tomorrow, but on the other hand bitcoin can still go in any direction regardless of how the stock market and economic conditions are out there.

Bitcoin is a store of value during inflation and has been considered by several investor groups. but I doubt whether stocks will be considered as such during inflation. I think that's the difference that makes me optimistic that bitcoin is a different investment asset and it won't be forever impacted significantly by the stock market downturns and upsurges.


Title: Re: Bitcoin is going down.
Post by: pawel7777 on May 18, 2023, 03:34:35 PM
There is a bigger difference that you ignore. The stock market is more dependent on supply and demand, while the cryptocurrency market is not entirely based on supply and demand and is manipulated most of the time.

How is Bitcoin's price any less dependant on supply and demand than any stocks or commodity? Can't any publicly traded instruments be manipulated the same way? Gold is known to be heavily manipulated (via trading of the "paper" gold) etc.

Bitcoin is a store of value during inflation and has been considered by several investor groups.

It would be great if that was true but it's simply not. Bitcoin had its biggest rally during the low inflation/low interest rates period, and it's just not performing well as a hedge against inflation. When CPI goes up, Bitcoin's price tends to drop, which can be explained as people having less disposable income and are reducing their spending on crypto. Meaning BTC is generally still viewed as more of a high risk - high reward type of investment rather than as a safe store of value.


Title: Re: Bitcoin is going down.
Post by: Falconer on May 18, 2023, 04:00:19 PM
Bitcoin is a store of value during inflation and has been considered by several investor groups.
Meaning BTC is generally still viewed as more of a high risk - high reward type of investment rather than as a safe store of value.
Regardless of whether that conclusion is correct or not, but I think there are always those who consider bitcoin as a safe store of value asset instead of a high-risk investment asset.

Someone who still had price volatility in mind when choosing bitcoin as a store of value would definitely not agree to using bitcoin as a safe store of value. This mindset certainly exists among investors, but it must have elicited a skeptical response among some who think 1 bitcoin = 1 bitcoin.


Title: Re: Bitcoin is going down.
Post by: pawel7777 on May 18, 2023, 10:01:04 PM
Regardless of whether that conclusion is correct or not, but I think there are always those who consider bitcoin as a safe store of value asset instead of a high-risk investment asset.

Someone who still had price volatility in mind when choosing bitcoin as a store of value would definitely not agree to using bitcoin as a safe store of value. This mindset certainly exists among investors, but it must have elicited a skeptical response among some who think 1 bitcoin = 1 bitcoin.

Sorry, but that's precisely why some would label Bitcoiners as a bunch of detached-from-reality fanatics. Irrespective of how you consider it, Bitcoin is volatile, that's not an opinion but a fact. Stating "1 btc = 1btc" in the context of the store of value is silly, as it's not the best in holding the value, because of high volatility.
Whether you express value in USD or anything else, e.g. loaves of bread is irrelevant. The point still stands.




Title: Re: Bitcoin is going down.
Post by: Wiwo on May 18, 2023, 10:54:03 PM
Regardless of whether that conclusion is correct or not, but I think there are always those who consider bitcoin as a safe store of value asset instead of a high-risk investment asset.

Someone who still had price volatility in mind when choosing bitcoin as a store of value would definitely not agree to using bitcoin as a safe store of value. This mindset certainly exists among investors, but it must have elicited a sceptical response among some who think 1 bitcoin = 1 bitcoin.

Sorry, but that's precisely why some would label Bitcoiners as a bunch of detached-from-reality fanatics. Irrespective of how you consider it, Bitcoin is volatile, that's not an opinion but a fact. Stating "1 btc = 1btc" in the context of the store of value is silly, as it's not the best in holding the value, because of high volatility.
Whether you express value in USD or anything else, e.g. loaves of bread is irrelevant. The point still stands.



Apparently when you talk about store of value in it real content it means asset A vs B where A=$ values on stock market and B= asset holdings,  e.g Bitcoin as an asset value can only be calculated based on its exchange value against other assets on the exchange and this time bitcoin dollars cost average plays a very significant role in determining the value of bitcoin.

So the idea of 1BTC=1BTC may only be correct if the bitcoin is trading against itself,  but if bitcoin trade is between dollars then its dollar value at the point of exchange becomes the real value of bitcoin at that time.


Title: Re: Bitcoin is going down.
Post by: MoonOfLife on May 18, 2023, 11:38:51 PM
Last March when the price could reach $ 30k then I am optimistic that the price will continue to rise and my estimate can reach $ 40k in April or May, unfortunately the price continues to decrease and makes us have to be patient, we will wait if May can return to $ 30k or not, if it's still under $30k then it's going to be hard to see the price rising any time soon.


If bitcoin can cross $30k in May, what will prove it won't fall back in June? Bitcoin could drop from $69,000 to $15,000, so there's no reason for it to hit or break $30,000 that would warrant further upside once it breaks through that level. We are still in the bearish season, so even if bitcoin breaks through any resistance, there is no guarantee that it will break out of the downtrend and enter the bull season. Wait for the halving event, it's time to think about a bull season.


Title: Re: Bitcoin is going down.
Post by: TravelMug on May 19, 2023, 04:47:21 AM
Last March when the price could reach $ 30k then I am optimistic that the price will continue to rise and my estimate can reach $ 40k in April or May, unfortunately the price continues to decrease and makes us have to be patient, we will wait if May can return to $ 30k or not, if it's still under $30k then it's going to be hard to see the price rising any time soon.


If bitcoin can cross $30k in May, what will prove it won't fall back in June? Bitcoin could drop from $69,000 to $15,000, so there's no reason for it to hit or break $30,000 that would warrant further upside once it breaks through that level. We are still in the bearish season, so even if bitcoin breaks through any resistance, there is no guarantee that it will break out of the downtrend and enter the bull season. Wait for the halving event, it's time to think about a bull season.

And to add to that, it means that we are still very far from the bitcoin bull run that we are expecting. The only upside is that we are over from the bottom last year, $15,500 and we thought that we could go down further to $10k'ish.

Now $30k might be a good price target, after all we are still in the bear market as you pointed out. But there could be good news or catalyst for us to again try to get back to that price. But with the BRC-20 affecting the tx fees to a high, we might not have any positive news to push the market to $30k this May, in my opinion.


Title: Re: Bitcoin is going down.
Post by: posi on May 19, 2023, 02:43:46 PM
There is a bigger difference that you ignore. The stock market is more dependent on supply and demand, while the cryptocurrency market is not entirely based on supply and demand and is manipulated most of the time.

How is Bitcoin's price any less dependant on supply and demand than any stocks or commodity? Can't any publicly traded instruments be manipulated the same way? Gold is known to be heavily manipulated (via trading of the "paper" gold) etc.


Any financial market will be manipulated, but with a small cap market, without any regulatory authority, manipulation is much easier. If you think that a market with a capitalization of more than 10 trillion USD like gold is still heavily manipulated, with a market capitalization of only 1/10th of gold like crypto, will manipulation become difficult? I'm not saying it's always manipulating all the time, but manipulating prices for profit in crypto more than any other market. Do you think bitcoin's drastic price fluctuations are based on supply and demand?


Title: Re: Bitcoin is going down.
Post by: Fesatmas on May 19, 2023, 03:37:27 PM
The correlation between stocks and bitcoin price is not always that strong and there was a moment.

The decoupling of bitcoin from the stock market is usually an exception. If you take NASDAQ and bitcoin charts, you will see that they usually move in the same direction. They have some differences overall, but they are both an assets so the same rules apply for both of them like if the economy is getting worse, there are less people that will buy bitcoin and stocks.
Yes usually an exception, but if the poor economic situation both have almost the same movement, but as we know that Bitcoin has a higher volatility than what happens to Nasdaq or shares in general that is what distinguishes it. But yes returning to the Demand Market Honestly, that is what will make the market movement improve or worsen.


Last March when the price could reach $ 30k then I am optimistic that the price will continue to rise and my estimate can reach $ 40k in April or May, unfortunately the price continues to decrease and makes us have to be patient, we will wait if May can return to $ 30k or not, if it's still under $30k then it's going to be hard to see the price rising any time soon.
Yes, of course it would be very difficult to find a faster increase in bitcoin if the economic situation deteriorated and interest rates are still high, we need to wait some time in advance to Bitcoin to reach the price of $ 30k again.
But for people who want to do this DCA moment is one of the moments that is quite recommended to make a purchase because it seems that Bitcoin has a strong wall at a price level of $ 26K.


Title: Re: Bitcoin is going down.
Post by: pawel7777 on May 19, 2023, 04:18:33 PM
Any financial market will be manipulated, but with a small cap market, without any regulatory authority, manipulation is much easier. If you think that a market with a capitalization of more than 10 trillion USD like gold is still heavily manipulated, with a market capitalization of only 1/10th of gold like crypto, will manipulation become difficult? I'm not saying it's always manipulating all the time, but manipulating prices for profit in crypto more than any other market. Do you think bitcoin's drastic price fluctuations are based on supply and demand?

Fine, but by that logic, there are thousands of individual, publicly traded stocks with market caps much lower than Bitcoin's. So why would you say that Bitcoin is easier to manipulate that those?
And I don't think regulations have that much impact on preventing manipulations by 3rd parties (they might be helpful in preventing manipulations by "creative" reporting though), GameStop's stock hype can be a good example.

I guess you could say that stocks have fundamentals, which is something that Bitcoin (and other cryptos) are lacking.


Title: Re: Bitcoin is going down.
Post by: crypticj on May 19, 2023, 04:38:55 PM
Fine, but by that logic, there are thousands of individual, publicly traded stocks with market caps much lower than Bitcoin's. So why would you say that Bitcoin is easier to manipulate than those?

Everything can be manipulated. But I think bitcoin is safer in this way, because of its popularity, it's widely distributed across a lot of people in the world. Even if someone is holding a lot of BTC and will dump it to manipulate the price, it won't be THAT scary. The hardest hit bitcoin saw was a Chinese ban, but in that case, the entire country sold its BTC and crypto. But even after that bitcoin recovered and went up.


Title: Re: Bitcoin is going down.
Post by: Rigon on May 19, 2023, 06:16:03 PM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.
Nothing can be said right now with the current state of the Bitcoin market. Here as you have assured that the market may go down further but I can't say for sure at the moment whether the market will go down. But I would say those who have money to invest can invest. Because the market may not go down after that, if it goes up from here, your investment may be disrupted. So if a person wants to make a long term investment then I can tell him to buy bitcoins and invest from here. Because the market is still suitable for investment.


Title: Re: Bitcoin is going down.
Post by: rhodelmabanal on May 21, 2023, 01:12:48 AM
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.
Yeah we need to wait for the dip to buy more and hold for now the best strategy is to hold your crypto asset or maybe we can swap it yo stable coin to avoid the losses but if we can hold it strong then we can hold it as long as we dont sell it at loss we will not loss it is about how we can sustain to hold even if we saw the value is falling.


Title: Re: Bitcoin is going down.
Post by: crypticj on May 29, 2023, 02:56:33 AM
Nothing can be said right now with the current state of the Bitcoin market. Here as you have assured that the market may go down further but I can't say for sure at the moment whether the market will go down. But I would say those who have money to invest can invest. Because the market may not go down after that, if it goes up from here, your investment may be disrupted. So if a person wants to make a long term investment then I can tell him to buy bitcoins and invest from here. Because the market is still suitable for investment.

There are signals that indicate it. You can just look at the statistics and see that there is a correlation. And even now it's obvious that the economy isn't getting better. Biden was even saying that there is a danger of default happening.

So considering all these facts, it's hard to believe that bitcoin will just magically go to 60k. That's why I pointed out some factors that might indicate that the economy WILL get better and Bitcoin will go up.


Title: Re: Bitcoin is going down.
Post by: gaston castano on May 29, 2023, 02:25:13 PM
The price of Bitcoin is wild, it can go up to $4000 then it can drop $5000 in a matter of hours. The very volatile value of Bitcoin makes its movements unpredictable. I've never been worried about the value of Bitcoin being traded at the moment, it's normal for bitcoin to crash after experiencing turmoil. Whatever the reason, nothing can make Bitcoin go down even further even if you suggest saving cash or stablecoins.

Previously Bitcoin was traded at the level of $800, Even in 2011 bitcoin was traded at a value of $3. There is no need to panic with the current market conditions, Bitcoin will continue to grow and give profits to people who don't panic easily.


I think for now going up and down 4000-5000$ is very difficult, because I feel that whales are still keeping bitcoin prices and making manipulations, my prediction is that this dump isn't over yet.
they take advantage of the current trading leverage.


Title: Re: Bitcoin is going down.
Post by: go-shiba on August 11, 2023, 08:05:59 AM
Potential Implications of the Price Drop

The recent drop in BTC's price could have a significant impact on the cryptocurrency's future prospects. If the price continues to decline, it could cause many investors to lose confidence in the cryptocurrency and sell off their holdings. This could lead to a further decline in the price and could prevent BTC from making a recovery.

On the other hand, if the price starts to stabilise or even increase, it could be a sign that the market is feeling more confident about the cryptocurrency (https://btc.gripe/threads/why-bitcoin-is-falling-down-today.1647/) and could lead to a renewed influx of investors. This could cause the price to rise again and could help the cryptocurrency to make a strong recovery.


Title: Re: Bitcoin is going down.
Post by: uswa56 on August 11, 2023, 09:33:44 AM
The price of Bitcoin is wild, it can go up to $4000 then it can drop $5000 in a matter of hours. The very volatile value of Bitcoin makes its movements unpredictable. I've never been worried about the value of Bitcoin being traded at the moment, it's normal for bitcoin to crash after experiencing turmoil. Whatever the reason, nothing can make Bitcoin go down even further even if you suggest saving cash or stablecoins.

Previously Bitcoin was traded at the level of $800, Even in 2011 bitcoin was traded at a value of $3. There is no need to panic with the current market conditions, Bitcoin will continue to grow and give profits to people who don't panic easily.


I think for now going up and down 4000-5000$ is very difficult, because I feel that whales are still keeping bitcoin prices and making manipulations, my prediction is that this dump isn't over yet.
they take advantage of the current trading leverage.
We can see Bitcoin price movement throughout this year and there are more positive trends than corrections that have occurred and currently the price tends to stabilize at a price of 30k, isn't that a pretty positive thing.
Thus I conclude, it is a stable price even if there is a pump or correction but it will not be far from a stable price and will not last long.
But again, we have different speculations with different indicators. There's nothing wrong if someone speculates that the Bitcoin price will fall, but no one knows for sure.

Regarding significant price movements, isn't that a natural thing, and it has happened, but in the last few weeks the market hasn't worked that way.


Title: Re: Bitcoin is going down.
Post by: RewFrew on August 11, 2023, 07:00:24 PM
We saw some days ago all signal were for up but now showing for down. Now Bitcoin price is $29300. Gradually bitcoin price decreasing now. Bitcoin price was stable at $30k but gradually decreasing. And it will continue i think. Now everyone should hold stable coin or cash now i think. Because i think anytime Bitcoin can huge dump. That time will best time to buy  Bitcoin or another currency. Because now we are not seeing any sign to increase Bitcoin price. I think Bitcoin price will going to $20k again. And if it go more down there has no surprising i think. Many crypto whales are telling Bitcoin price will come near about $15k. I wish within this year market will positive and bitcoin price will increase.


Title: Re: Bitcoin is going down.
Post by: pawel7777 on August 11, 2023, 08:34:58 PM
(...) And it will continue i think. Now everyone should hold stable coin or cash now i think. Because i think anytime Bitcoin can huge dump. That time will best time to buy  Bitcoin or another currency. Because now we are not seeing any sign to increase Bitcoin price. I think Bitcoin price will going to $20k again. And if it go more down there has no surprising i think. (..)

You sure do a lot of thinking. Do you have any justification for that $20k prediction, or are you just saying it might happen?
It's true that anything can happen, but we do have more bullish signs on the horizon than bearish ones, mainly halving and the BlackRock's spot ETF.

(...) Many crypto whales are telling Bitcoin price will come near about $15k. I wish within this year market will positive and bitcoin price will increase.
I'm going to call you out on this one. Name one. Just one.

p.s. This thread was started in April and was discussing different price action. Bitcoin dropped to $25k region but rebounded to over $31k. Not sure is there any point of keeping this topic alive.


Title: Re: Bitcoin is going down.
Post by: Aanuoluwatofunmi on August 11, 2023, 09:38:47 PM
We saw some days ago all signal were for up but now showing for down. Now Bitcoin price is $29300.

When things like this are happening, it's a call for more attention on holding and those that wanted to buy to come in before we enter into another phase where the bullrun may start, $29,000 is still dip but since we have recently seen the market getting upto $30,000 indicates there's every possibility that anything new could come up anytime from now, the case scenario now is that we don't know how far it could go before stopping, but there is definitely going to be the move anytime from now.