Precisely, if you know how things work, then you will not be bothered by anything.

People who have that kind of mindsets are the one that being affected most when the market start to pump high.
There are good traders and experienced traders who treat this as opportunities to buy and hold more, long or short
they've got profitable strategy that will allow them to continue to enjoy whatever the market behaves.

It's normal because it's within the expectations. Don't forget what Corona did to the supply chain, it's more screwed than a 10 pound whore behind MaccyD. Then Russia happened  Goods and serices will be infalted for a while.

Other aspects of UK economy are doing pretty well, the GDP is growing, unemployment is low and the stock market is performing fairly well(check FTSE 100).

I'm not sure what all the fuss is about. Inflation is only up 9.1%, and that's just in line with expectations. Sure, housing and household services, primarily electricity, gas, and other fuels are causing the largest upward contributions to the inflation rate, but that's to be expected(thanks to corona and Russia :p).

After all, we need to keep our economy moving, and that costs money. The survey about "four in five people" is a little misleading. It's not like anyone is actually going to go without food or energy. They may have to tighten their belts a bit, but in the end, they'll just have to pay up. This is the price of living in a developed country.

After more than 10 years of crypto and BTC, anyone claiming they for certain know what will happen is just lying to themselves and the rest of the world. Could it drop to 0? Yeah, it could. Could it stagnate? Yes. Could it go up? Yes, everything is possible because we can't tell what economic fluctuations in the world will happen in the future. This is a coin toss prediction without any evidence.

You ain't wrong. We think it has recovered but zoom out the charts, this is just another sideway from the extremely volatile crypto market when everyone is in fear of the bearish market. Sideway -> down then sideway -> down again, rinse and repeat.

And now we are above, but with so much volatility, I wouldn't be surprised if we are just going around this price and more of a sideway patterns in the next coming weeks.

As for the bottom price, yes, it's too early at $17k maybe next year it will go down hard again.

Perhaps this down turn we've seen is because of testimony of Fed chairman Powell as he didn't confirmed or deny and didn't give anything regarding the rampant inflation that the US is experiencing in the last decade.

I think it is not "that" bad for the people who bought at a high price neither. I mean think about it, even if you bought at 68k, then if you could find some more money then you can buy at around 20k and drop your average to 40k, which we were at for so many months, and know that it is not that far off right now.

You can drop it even further if you buy more now than what you bought back in the peak times. Hence, the lower price is not ideal, it's bad, but it's not that bad for the people who did this as well. I believe that the best thing we could do right now would be to buy as much as we possibly can and without worrying about the situation and just hodl.

It is normal to not fall to those levels that quickly. In fact, it could even hurt you if it hurts that quickly, meaning if the prices stay that way and do not go up, the growth would be stopped and that would hurt the economy as well, nobody would make a profit.

Definitely 2% is great, but it is great when it is there forever, if you could lock it for the next 100 years that would be insanely great. But if you go to 7%+ and your gas prices increase to a whole new record levels, then making the inflation 2% again could hurt more than it helps. This is why it needs to be dropping small by small, lower and lower, which will make sure that eventually it will be there but since it has been a while, everyone will be ready.

The opportunity did come along right? peg at $17,500 for me that is the lowest low that we might see in this bear market as I don't predict that we can go lower than that (I might be wrong). But the point is, even if we are in a bear market and volatility is high, we can still make some adjustments on our investment. You can DCA or buy when the price goes down. No need to panic if you have been in this already because experience tells us that we will recover and bounce back again in the next bull run.

And the worst thing is that all this has just started. I won't be surprised if the prices go up much higher than the current levels. I expect crude oil trading at above $200 per barrel before the end of this year (both OPEC and the US shale oil producers have refused to increase their output). And I expect natural has to trade at higher than $2,000 per thousand cubic meters. The Russians will be happy, but they won't be able to make as much money as they would have liked due to the sanctions. The big gainers here are OPEC nations, such as Saudi Arabia, Kuwait and the United Arab Emirates.

What it is crazy about this situation is the fact energy prices are this high during summer in the north: Europe, USA, Canada...

I can't imagine how expensive energy will get once people won't have other option but pay to warm their houses up this year during the winter. Do you believe there is a chance USA/EU would withdraw some sanctions against Russian gas by winter? Or is it more likely USA/Germany would backpedal their plans to push green energy in favor of fossil during the winter? 

^^^ Where did I lied?

I said that Russia is profiting out right now, because the oil-gas prices went up. And why did the oil and gas prices went up? When Trump was in power, crude oil was trading at $40 per barrel, and natural gas was trading at $60 per thousand cubic meters. Russian government was receiving around $10 billion per year at this point from the oil and gas sales.

When Biden became president, he implemented a series of policy changes and the oil prices went up to $120 per barrel and gas prices went up to $1,200 per thousand cubic meters. Russia is expected to make $200 to $300 billion this year from their exports, thanks to higher prices.

The reason why the Russian revenue went up is due to the fact that Biden regime helped to increase the gas and oil prices. India is an insignificant player in the global market to have any significant impact. Out of the 10.5 million barrels of crude oil that Russia produce every day, even now (at the peak), less than 10% goes to India. Out of the 540 billion cubic meters of gas they produce every year, less than 1% end up in India.

I have provided all the facts. You are just blaming India, because we are just an easy punching bag for you. Biden and EU are responsible for increased revenue inflow in to Russia, not India.  

And one more thing. Indian government has made this clear. We are ready to stop imports from Russia, in case alternate supplies are made available at the same cost.

Right, but remember that the $1500/week is for 5 individuals who aren't a family and presumably wouldn't be pooling their money together for anything aside from house expenses.  But your point about the cost of living in Indonesia is well-taken, and I appreciate you relaying your experience with what sounds like living off the proceeds of a sig campaign.  I know there have to be quite a few members here who do just that, but I'll be damned if I know who they are.

Somehow I doubt that--but then again I know absolutely nothing about Nepal.  I'd like to, though.  Do we have anybody here who either lives there or who's been there who could attest to what it's like?  And man, I wouldn't even be able to locate Nepal on a map without Googling it first (lol).

Yes, but it's not enough. Offering me ~3% in returns when there's a nearly 10% inflation in my country does only make me poorer.

And nobody guarantees you that the value of the dollar, the euro, the pound will continue as is. It might rise, it might fall. But, nobody knows for sure. Same goes for bitcoin. However, during the last 10 years, bitcoin has risen by more than 180% in every year, on average, while the fiat currency I use has a cumulative inflation of 18.58%, from 2012 to present.

It’s not correlated, because Bitcoin still outperforms any interest rate a bank could offer.

The people that would put their money into the bank for interest(for a loss because it still won’t outperform inflation), will be the people who buy Bitcoin last anyways. So i dont think it influences the demand side that much.

The only effect it would have, is that speculators can’t easily ape into Bitcoin or any other investments with borrowed money. Which would probably favor Bitcoin, because the market would be more hesitant to get into braindead projects or empty hypes. So higher interest rates could actually favor Bitcoin, and for sure won’t hurt it.

And as we saw now, it’s better for Bitcoin if people don’t leverage too much into it. We don’t need actors like celsius bringing down the whole market, because they gamble too much.

You might want to move this to the Speculation section, as it's more appropriate there.

As far as your prediction goes....people always start calling doomsday when prices sink and moonshot when they're going up.  Sometimes they're right, sometimes not.  Things are looking pretty dire at the moment, so who knows?  I certainly didn't think we'd be seeing bitcoin dip below $20k this year, but c'mon--this is bitcoin we're talking about.  Crazy-ass price swings have always been a part of the game.

Stay optimistic, all of you who are panicking. 

Those who think that it's stupid time to buy despite the fact that bitcoin keeps dropping are wrong, no one can accurately predict the bottom, the best thing to do is to DCA, dollar cost average, no one can actually predict that bitcoin will reach the price it is today, as at few minutes ago it was trading at $17900, the price is totally unimaginable at this point in time