I think the downward trend in Bitcoin price is not over yet. In the short term, the price of bitcoin still has the potential to fall around 20-40% from its current position before it will reverse higher.
Everything will become possible in crypto but I don't certainly think that Bitcoin will ever dump below $10k again. $10k-$20k might be the possible bear price for Bitcoin, which will be 50-60% versus the current price today. Honestly, I'd never seen a huge dump come to happen when there is no panic selling has been made. Most of us are now learning from the past, now the majority are able to manage their emotions and keep calm unlike the previous years. Therefore, for now you can make short-term trades, you can sell because the price will still be corrected, then you can wait until the bitcoin price drops to re-enter.
Either a short-term or long-term trades, we still have to think wisely and never go along with the negative insights as this was the reason why many become a victim of fake news and FOMO. Of course, trading in crypto must have sufficient knowledge and also need patience because if we get carried away by emotions when we see market conditions go down then we will also lose money. So what someone who trades cryptocurrencies really needs is not to panic and do more detailed research. |
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Given the massive moves we are experiencing in the short term Bitcoin price, things are getting very foamy. I think we are going to have a big price correction in Bitcoin. Because I think BTC could drop to $30,000 to $20,000, which would be a 50% drop.
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I think that even though the price has dropped a few weeks ago and seems to have collapsed, it doesn't mean that the Bitcoin price is in a bearish trend. Because, in fact, the price of Bitcoin is still in a bullish price trend even though there is a price correction, as can be seen in the crypto market chart which shows the price of Bitcoin and Altcoin has increased.
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People are so excited about the prospect that bitcoin is bringing up these days. Especially with the prediction that bitcoin could rise to $100,000 over the next decade. Hence the reason why people are competing to invest in Cryptocurrencies. Because when the price of bitcoin soars, people who have coins are certainly happy, on the other hand, when the price goes down, not a few people see it as an opportunity or a loss.
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If you save Bitcoin from a few years ago and sell it this year, then you are sure to make a big profit because of the patience you have. Yes he is fortunately storing Bitcoins. The world's largest cryptocurrency has delivered over 300% returns this year.
The problem is that not a lot of people knows the future and it will always be uncertain even if we see bitcoin right now as promising as it's going to be. Plus, there's nothing wrong with trading, you can still make some money out of it although you have to be a good trader but it's definitely worth the shot. The benefits of investing are much greater than just trading. If you invest in bitcoin from 2019, it is certain that your assets have increased by almost 40%. but if you trade, every day you can get only 1-3%. |
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The price of bitcoin has been on the rise this week after dropping $30K a few weeks ago. Looking at the chart of the bitcoin price movement, I think by the end of this month the BTC price will rise to $50k. That's because previously the price of bitcon had reached its highest price last April. So, be ready to invest and enjoy the results while the market is still in a bullish trend.
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We dare not make realistic predictions about the price of Bitcoin in the next 20 years. The price of Bitcoin depends on too many factors. Bitcoin recently hit an all-time high, and the Bitcoin price is currently at $41k. Usually, it is a better idea to buy cryptocurrencies when they are in a downturn. However, we all remember how it was too late to buy BTC when it was $20, $100, $1000, $20,000, etc. If the estimates come true, the price may run into millions of dollars. Bitcoin's potential is definitely strong.
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Greetings Bitcoin Talk Users,
As we have already seen the market fluctuation and the price dumped of BTC from $60k to $30k but in the last few days BTC is pumped again and the price crosses $40k. I think if BTC is not targeted again by Whales then the price will cross $50k within this month. What's your opinion?
In my opinion Bitcoin is still continuing the trend of price strengthening. Technically, bitcoin will be stuck at MA 50 and 100 and then bounce up until it crosses the resistance line. It will likely go up to $50k more. if buyers continue the trend high may be able to re-enter resistance past $50k within the month. |
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In my opinion, the price of BTC is currently experiencing a breakout and is on the rise at the moment. BTC maintains a good rally in the $49k to $52k price range. But all these scenarios happen if BTC can get past $45k.
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I think the price of Bitcoin is still in a bullish price trend despite the price correction a few weeks ago. Now the bitcoin price has broken through the $45k level. the crypto will continue its bull market in the coming months and the bitcoin price will see a rise towards the $50k to $55k resistance later this year.
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Bitcoin is a good investment but it depends on your exist funds. We cannot really deny that we are all having a hard time finding a job or money for financial we also need funds this time to buy important things because of pandemic most of us is shorten in terms or funds. But if we have funds we can still invest in btc just an amount that we can afford to loss if ever we loss.
While they may look tempting, crypto assets are not without their drawbacks. Its significant volatility makes investing in crypto assets to be considered carefully. Especially if you plan to trade, not just invest. So it's important for a beginner to really study bitcoin trading in depth in order to minimize losses. |
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I think this is great news if it actually happens in the near future. as we know that Coinbase is one of the biggest exchanges. If the news is true, then a Bull market will happen soon.
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Investing in Bitcoin is useful for any time. A little bit of savings in Bitcoin can bring a lot of good things in the future. Although the economic situation is not going well in this epidemic, we should keep in mind the issue of savings. I personally think investing in Bitcoin would be a worthwhile decision.
Indeed, Bitcoin is the best investment that is not affected by government policies and global policies such as during the pandemic directly. Because what affects the price of bitcoin is only supply and demand where the supply is very limited. However, during this pandemic, financial discipline is becoming increasingly important and challenging due to limited mobility and increased uncertainty. |
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I think bitcoin is the best investment instrument, even during the current pandemic. This is also what makes Bitcoin very difficult to misappropriate. In fact, Bitcoin is one of the instruments that is considered to be able to withstand inflation. More and more people are interested in investing in Bitcoin. So, crypto assets are one of the choices. This is evidenced by the price of bitcoin began to increase again.
However, if you want to invest in Bitcoin, you need to look at future projections regarding Bitcoin's performance. Get to know the various risks before starting to invest in digital currencies.
Before the pandemic came Bitcoin was already a good investment, because it can generate profits if we understand how Bitcoin works. Especially in a pandemic situation like now, where the government continues to print money, it will cause hyper inflation in the near future. Making Bitcoin the best choice to save our wealth from inflation, because Bitcoin is not affected by inflation. This has begun to be realized by many institutions, therefore this year several institutions have begun to invest long-term in Bitcoin. In the end, more and more people decide to invest in Bitcoin, but I agree before we decide to invest in Bitcoin. It's better to learn everything about the crypto world, so don't just think about the profit that will be generated, but knowing the risks that will be faced if investing in Bitcoin. Indeed bitcoin was already a good investment before the pandemic came. but when the pandemic situation comes the interest in crypto is increasing. We can see this from the rapid movement of bitcoin and altcoin prices, even the bitcoin price has set a record high in the midst of the pandemic situation that is still engulfing us. Thus, crypto investment in the midst of a pandemic is chosen by the public because they see investment opportunities in other sectors are so sluggish. Crypto was chosen because it has proven to be a safe haven asset and is more liquid. So people start thinking about new investments with fast returns. One of them is by trading crypto assets. |
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Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?
My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
We can suggest to buy or sell crypto to anyone but it does not mean that we will force them, we need to let them decide by their own and make their research to understand crypto. Because we don't know that after your friend buy the price will fall so it is safe if he decide by his own. We really can't force someone to invest in crypto. but if any of your friends want to learn from us who have been in the crypto world for a long time, we can teach them about investing in crypto and provide an understanding of the advantages and disadvantages of crypto and the risks that will be experienced. Of course, all decisions are up to each of us. So if you are still a beginner who wants to invest in crypto, it is better to invest half the money you have and use the money that is idle so as not to be disturbed by the needs of our lives. |
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In fact there are idiots who expect a price drop below $4k. My advice is that you should be able to study the chart properly and find the right information about the development of the bitcoin price so that you can get the opportunity to make a satisfying profit.
Although some predict the market will decline but it is impossible for btc to fall below $4k, the price of $36k may be a very low price if the market is resistance. Instead, the support for the market is increasing perhaps until the end of the year as the main factor of crypto adoption is getting wider including in NFT and gaming genres. I also predict that the decline in BTC this time will not be the same as what happened in 2018 where the decline in the price of BTC and other crypto coins decreased by 70%. I'm sure the BTC price will hit a new ATH next year. |
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Could have bought it in March this year for sub $4000.
Downside risk is much greater now than it was earlier this year.
Is it the mentally challenged that are getting fleeced right now.
I think the person who bought BTC at the time of $27k is very lucky now that he has made 2x profit where the price of BTC is now up $41k. In fact there are idiots who expect a price drop below $4k. My advice is that you should be able to study the chart properly and find the right information about the development of the bitcoin price so that you can get the opportunity to make a satisfying profit. |
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I think in 10 days bitcoin can still hold at $40k. even the $41k price has been going on for 4 days after a price drop a few weeks ago. The recent price gains have brought some optimism back into the market, especially after bitcoin maintained its double-bottom bullish formation on the chart at $31K. However, the bigger picture remains unchanged as Bitcoin is still trading in a $30K – $42K trading range
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After reaching ~$62000, BTC had a pullback and now again it got backed to $61k again. Many have shorted at this price, I had too (long ago). But it doesn’t seem stopping anytime soon. If I can remember, @100trillion twitter account posted few times that we are very early stage of the bullrun. We may see a huge bull of another few more months, very likely this whole year. If he is true (till now, he is very true), I think we will soon see the $100k mark.
What do you think? Is it still a good time to get in?
After experiencing a decline in price a few weeks ago, the price of bitcoin has started to rise again and has already broken through $41k. I think the price of Bitcoin is still continuing its upward trend. do not rule out if the end of this year the price of bitcoin has the opportunity to rise back to $ 60k or more than that. Therefore, there is still an opportunity for you to enter to buy bitcoin at this time. My advice is to take advantage of the opportunity you have and never waste it if you don't want to regret it later. |
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The International Monetary Fund (IMF) plans to step up its monitoring of digital currencies. These intentions, as published in an IMF paper detailing how the fund plans to manage this broad and complex transition to a digital economy. source from Coin telegraph: https://cointelegraph.com/news/imf-intends-to-ramp-up-digital-currency-monitoring So, what do you think if the IMF really tightens supervision of digital currencies, will it have an impact on the future development of digital currencies or vice versa ? |
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