And we're now officially below $20.000, currently trending at $19.000. The market went downhill in just a matter of a few hours and is doomed to crash even further in the upcoming days. Okay, let's be honest, I expected it to crash below $20.000, but the signs are currently showing that a further drop down to $16.000-$18.000 is almost inevitable.
It's just a matter of time for BTC to hit lower than your price range, between $16k and $18k. Feel pretty shit how we could get to this low and bypass all the resistance walls that fast. There is no floor here, I expect it could go low as $10k. To be honest, I believe you're right. It's already at $18.200 and continues losing in value. I never expected to fall so quickly, practically ignoring any resistance. I'm really hoping that it doesn't fall so much, however, it's almost a lost cause, there's not much to do now but wait. Selling now would be a disaster, although it's bound to crash even further in the next 48 hours. The exact same thing had occurred to me in 2018, it crashed so badly that I was disappointed enough to abandon Bitcoin for years. |
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When I returned to the cryptocurrency scene in 2020, I set a goal of accumulating as much Bitcoin as possible. I'm not actively purchasing due to being on a tight budget, but any amount earned from microtasking or signature campaigns is set aside for the future. Despite my goal to hold long-term, it's still saddening to see your money being worth 1/3 of what it used to be a few months ago.
The 2018's crash made me quit Bitcoin back then, now I'm determined to stay and acquire as much as possible. I'm expecting a long bear market period, lasting at least a year or two
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And we're now officially below $20.000, currently trending at $19.000. The market went downhill in just a matter of a few hours and is doomed to crash even further in the upcoming days. Okay, let's be honest, I expected it to crash below $20.000, but the signs are currently showing that a further drop down to $16.000-$18.000 is almost inevitable.
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Of course, this will be a big fluctuation where the market is still volatile. During this slight recovery, it will decline slightly because I believe the bear market has not yet ended.
This is already a year low in which this scenario will still crash below $20k but I still hope this doesn't prolong a bit of recovery in the days ahead enough to calm us down despite the fear of another big crash.
Why do you assume that bear market is not ended yet? I mean I am not saying that it has ended or anything but I have no idea if the bear has ended or not, I do not know if it will be 10k in a month, or 40k, I would have zero clue about that. I am guessing a bull run after such a fall, that seems a lot more logical to me, but that is just my understanding, I could be wrong. What made you think that it will continue to go down? Is there a specific reasoning for that? In any other case, we should be focusing a bit more towards buying something right now, because long term is usually higher and that should be right about now and not later on. We're just sitting above $20.000, as I've already mentioned, I wouldn't be surprised if we go below that in the following days, it seems to be holding for now, but I'm not sure for how long it'll resist. Although, I'm not expecting a bull market anytime soon, at least not till the condition in the world improves. The ongoing war, the rising inflation and the whole tension isn't helping the markets, it was expected that cryptocurrencies would also be affected by it. |
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Seeing the current price of Bitcoin has touched the price of $ 20K+ and of course this could have continued to decline below that price could have happened and no one estimated that this would be like this.
You don't need to panic, friend, if indeed you are currently holding Bitcoin, still maintaining because there is a time where Bitcoin will increase, so there is nothing to do. Now you just focus on other things, let Bitcoin do something according to its time which will increase by yourself.
Some says that the bottom is near so this means that 20k is not the final crash but there's more to come. Oh my God, this is bad as this can scare more people but the situation is still in control for those who believes in bitcoin. They in fact like this because they can buy btc at cheaper rates once again. Many people didn't expect this but there are a few of them that already saw this coming. They based their prediction on the year of 2018. There's a a thing that we can do for now, that is to buy and continue hodling. If we are worrying then leaving the market for a while can help us a lot. Btc doesn't only increase by itself but it needs the support of the public. I kind of expected it, but certainly didn't expect it to happen so quickly. To be honest, I believe that it's going to follow the same pattern with 2018's crash, taking more than 2 years to recover. I'm not panicking at the moment, however, it hurts me to see how much value my BTC has lost. We'll have to wait it out, I guess. |
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It's something I was always shouting for, I live in Greece and it would be a great opportunity for homeowners to adopt such an innovation. Personally, at my parental home we have plenty of space in our rooftop, offering great sunlight coverage. If we had invested in something like this, our house could easily be self-sustained and not pay a single dime for electricity.
Solar panels are expensive, but in cases like mine, they'd pay off really quick, achieving ROI in just a few years.
Dont forget, that solar panels dont accumulate electricity, you cant install a huge power bank at home. You cant rely on them for 100%. At night, you will still be have to use "regular" electricity. If you want to get maximum from solar panels electricity, you would have reschedule your daily routine, move things like laundry, ironing, or things were electricity is used on a day time. Some people can do that, some will have to "partly rest at a day" and "work at nights". I'm not that familiar with the technology, however, I'm in a Facebook group regarding electric vehicles and a few members had incorporated solar panels into their households. I've read that with enough battery capacity, you can get through the night without any major issues, providing that your consumption is within a reasonable range. |
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~~~~
Wait a sec. When you say "four-digit salaries" are you talking in terms of USD amounts? Because if so, I have to tell you that I remember the Yobit campaign from years back, and they paid 30k sats/post, but bitcoin was likely below $1000 at the time and unless you had 100 accounts enrolled in the campaign (lol, I'm sure some people did) there's no way you were making that much money.
I would also mention that campaigns are still around, after all. They must be beneficial for the businesses that run them, so I'm not sure why the rates have dropped so drastically. Do people gamble on crypto casinos less? Are there fewer exchanges coming into existence? Most of the bitcoin-paying campaigns from back in the 2015-18 era weren't for ICO projects, and it's not like enthusiasm for crypto has died down at all, so I don't really understand it.
Yobit used to pay BTC0.006 per day and that amounted to BTC0.18 per month. When the BTC price was around $1,000 per coin, it amounted to around $180. So you are right in that case. But I remember the case with Prime Dice. They used to pay as much as BTC2.4 per month. And that was when BTC was trading at around $1,000 per coin in 2014. So they were actually paying four digits. Too bad that the campaign lasted for just a few months and after that they folded up. Then there were a few such as BestMixer, WOLF.BET and Ethexbet, which used to pay decent amounts in 2018-19. Mostly in the $400-500 range. 2.4 BTC per month? That's insane, imagine having held your signature earnings till now, you could have generated thousands in profit just by signature campaigns. Anyway, I also remember that in 2017-2018, there were an abundance of signature campaigns, till the market crashed and saw a huge decline till I couldn't find an available one to join, shortly after, stupid me abandoned the forum and Bitcoin altogether. I was so disappointed after it crashed from $20.000 down to a few thousand dollars that I didn't even bother till a few years later. Signature campaigns are a decent opportunity to have as a side income, Roobet is paying $55/week for Sr Members and $70/week for Hero/Legendary. That equals to $220/month ($2.640/year) and $280/month ($3.360) respectively. It's a decent side income that can be used for investment or for a vacation. Let me also remind you that the average income for an individual in Greece is about $7.500 - $9.500 so in both cases, it quickly jumps up your income to $10.000. Unless you're one of the older and more knowledge members who are in campaigns such as ChipMixer, the chances of living off signature campaigns only is pretty slim. |
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And way down we go, we're steps away from going below $20.000 (Bitcoin currently trending at $20.230 as we speak) while Ethereum at $1.030. As I've mentioned earlier, we haven't seen the worst yet, and it's bound to crash even further. In my opinion, the following winter will be a hard one, inflation has skyrocketed, the war isn't coming to an end while fuel and electricity will cost a fortune. On top of that, the cryptocurrency market is likely to follow trends of the 2017's crash for many months to come, if not years.
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~snipped
I think what he said finally happened today with Bitcoin touching $20,850 a few hours ago, though total marketcap still stands at over $987 billion. Unless there's more doom to come, I don't see price falling below $900 billion. Whichever one it's anyway, I'm not perturbed at all. In fact, if anything, I want price to crash more so I can get in cheaper and buy some of my targeted altcoins. Why should I be scared when I know, of course, that's just a matter of time before the market returns to bull way. Howbeit, whoever that's looking to buy Bitcoin cheap should see now as that elusive opportunity they sought a few months ago but never had. There's a slight recovery for Bitcoin since morning, where it crashed down to $20.950 and is now trending back at $22.000. To be honest, I don't believe that the prediction is over yet and chances are that it's going to go below $20.000 the next upcoming days, the resistance isn't strong enough to keep it over $20.000. I hope I'm proven wrong, but we'll see how it progresses. |
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I wonder how low this price will be as we have already reached $23k and the price is still not showing to go up. If this situation continues, I am afraid we will see another low price which can make people panic and lose confidence in holding their bitcoin, as many of them already bought bitcoin at $30k. But if more support comes to bitcoin, the price will not go down and can hold the price and even lift the price back to the high price. Meanwhile, we can wait a while and see what and where the price will bounce up.
I was also quite surprised after waking up and checking the market, the bitcoin price plummeted today. With the current situation there is no news that can pull bitcoin back, June 15 with the goal of reducing inflation will certainly continue to increase interest rates and volatile assets like bitcoin will continue to confront selling panic in the market. Selling pressure is huge, I hope people will have diamond hands now instead of panic selling, 1 BTC = 1 BTC if we haven't sold yet. Eventually we'll have to sell, thus this argument is kind of invalid, because your assets/portfolio are losing in value. Unfortunately, it looks like there won't be a recovery anytime soon. My guess is that Bitcoin will he stale for at least a year before any recovery is made, like it happened in 2017's crash, 3 years passed for Bitcoin to recover. I wouldn't be surprised if that's the case in our current situation. |
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Well, that was fast, all this occurred while I was asleep. Honestly, I truly believed that the prediction would turn out true, however, I never expected that it'd go that way so quick. Bitcoin is currently sitting at $24.000 as we speak and Ethereum at $1.200, both just hanging above the 24 hour lowest point. By the looks of it, both are going to crash even further. On the one hand, I don't mind since I'm receiving a higher amount in Bitcoin, but on the other, it's kind of sad to see the market in such a state.  Screenshot from CMC's live chat. I'd opt for option A. |
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It's probably something Spain and Greece could do well having but I'm not sure if there's any other country that gets a good amount of sun.
If they tried making rooftop wind turbines that were quiet and stable enough, you'd be able to produce a lot of electricity from the UK, the Netherlands, France, Denmark, Sweden (and probably most of the rest of Northern Europe).
The rise in fuel price is probably good in a way as it might make renewables seem a more attractive source (the EU already sources half of it's electricity from renewables). I think Denmark is able to source half of its electricity usage by wind too.
It'd probably also be useful to push efficiency, a modern mobile phone uses very little electricity when compared to other things (boiling a kettle uses about the same energy as giving a phone a day's charge).
It's something I was always shouting for, I live in Greece and it would be a great opportunity for homeowners to adopt such an innovation. Personally, at my parental home we have plenty of space in our rooftop, offering great sunlight coverage. If we had invested in something like this, our house could easily be self-sustained and not pay a single dime for electricity. Solar panels are expensive, but in cases like mine, they'd pay off really quick, achieving ROI in just a few years. |
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My best guess is that if you live in a 3rd world country you could possibly live comfortably just by a signature campaign, depending on which one it is though. For instance, Chipmixer which is mentioned on the thread has the capability of paying up to $300/week or $1500/month. This amount of money is way higher that Greece's minimum wage (approximately $850). Thus, if I ever entered Chipmixer, I wouldn't even have to work.
Personally, I'm satisfied on Roobet, which is paying $220/month for Sr.Members and is definitely a huge help on a monthly basis. I think the more money you have, the more you need something better for you and your family to enjoy. Obviously we don't just live for money and work, but we have to have a way to have 3 parts out of 24 hours for rest, work and worship (if you are a believer). I live in a province in a third world country with a minimum monthly wage of around $220, obviously $400 per month from the current signature campaign can make me think about better things like having a potential investment, buying a motorbike and so on. But so far rising inflation has made my total monthly expenses much bigger and $400 per month doesn't seem like enough for my daily needs anymore. Nearly 80% of my signature income goes to making ends meet, and the remaining 20% goes to investment assets or long-term savings. So what does it mean, even if you think that third world countries are much better than others to live in, but severe inflation has made us miserable. The minimum wage is no longer enough to make ends meet, so in the end I just think that third world countries don't always benefit you financially either because inflation is the cause of high prices. That's tough, due to inflation, my monthly salary is drained by the rising expenses each month, groceries are way more expensive than they used to be. I used to spend 20-30 euros per supermarket trip and would buy plenty of stuff to almost get through the week, now I'll need to spend at least 10 more euros to buy the exact same items. Don't get me started on petrol, I used to travel around a lot, without considering the cost so much. However, now I'm incapable of doing so, because petrol costs €2.50/liter and filling up would need at least 100€, which is 1/8th of my total salary. The only positive thing is that I'm yet to touch my earnings from signature campaigns, which are being held for the future. |
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$20k here we go, I'm not surprised if Bitcoin will reach at that level again, I mean a bear market is also unpredictable like bitcoin when it's bullish, so we have to accept if it will reach $20k or even fall because it will always recover like it did many times.
Some people may panic, but some will take this as an opportunity. Everyone who look for an opportunity to invest in BTCitcoin would always want to see the price to fall to those levels and there is nothing to be surprised as we have seen that multiple times in the past and still some are surprised that the correction means that the market will not rally again  . Welcome to the bear market, the tough times for those who don't trust bitcoin.
New investors who are yet to book their profit might stay away from the market for a long time and that is the best solution right now and then enter once the market recovers again after the next halving. Patience is everything in a market. Some say that it's a great opportunity to accumulate more Bitcoin, however, due to the economic recession we're going through now, small investors are incapable of resorting to large investment. I'm also a strong supporter of Bitcoin and actually believe that eventually, it'll recover, but I barely make ends meet with my salary, thus, I'd rather not take such a risk. Bitcoin is currently trending at almost $28.000, showing small signs of recovery since the afternoon and Ethereum at $1.500. |
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My best guess is that if you live in a 3rd world country you could possibly live comfortably just by a signature campaign, depending on which one it is though. For instance, Chipmixer which is mentioned on the thread has the capability of paying up to $300/week or $1500/month. This amount of money is way higher that Greece's minimum wage (approximately $850). Thus, if I ever entered Chipmixer, I wouldn't even have to work.
Personally, I'm satisfied on Roobet, which is paying $220/month for Sr.Members and is definitely a huge help on a monthly basis.
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What's also not helping is the exchange rate of €EUR/$USD, which is currently at $1.05/€ and is putting a huge burden on gas prices. I haven't seen it like that before, in the past, it used to be approximately $1.20/€. On top of that, our government is refusing to lower fuel taxation, despite Eurozone suggestion. Instead, another fuel pass will be distributed (prepaid card only for fuel purchases), providing each person approximately 50-60 € balance to be used for fuel, which is honestly a drop in the ocean.
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Looking at the market now? it seems that we are on the direction in which you mentioned? https://coinmarketcap.com/currencies/bitcoin/the price of bitcoin now close to 26k and still lowering , is this the sign of the new lowest value for this year 2022? or is there any chance that it will not fall below 25k? The current lowest point of the day is standing at $27.266, which isn't far from $25.000, a barrier that I also anticipated weeks ago. Currently, it seems to have settled at $27.500, without showing major movement. My best bet is that the upcoming weeks will show a further loss of value. I'm hoping that the $25.000 barrier won't be broken, and sustain its price above that. |
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some of them are certainly experienced analysts. Schiff makes calls on macro economic factors vs fiscal budgets and so on. I know him from the 2008 crisis and he called that beforehand but he isnt a tech guy and doesnt especially have a great insight into crypto. Same way I'd describe the constant downvote from Buffet, why would I care about his opinion when he is so happy to back government debt while they undermine the common workers wages with non stop money printing year in and out; he doesnt care about wages he has assets & all players have bias even the 'greats' Moreover, many analysts are also against Bitcoin for a variety of reasons, thus, we shouldn't always take such analysis for granted, but in this scenario both analyst's predictions are correct so far, since we're slowly moving towards the $25.000 mark (Currently at ~27.500) and Ethereum currently trending at $1.450. |
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Peter Schiff, an American stockbroker also tweeted about Bitcoin's possible crash at $20.000 and Ethereum's down to $1.000. I'm not sure if we should take such opinions into account, but some of them are certainly experienced analysts. Moreover, he's advising not to make any purchases during the dip, is he possibly implying a further drop? Who knows.  |
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Certainly not the first case of sh*t tokens using reputable company names or services, in an attempt to attract victims who fall for such petty scam attempts. I wouldn't go anywhere close any token using someone else's name, it's a huge red flag. Major corporations wouldn't create such tokens in the first place.
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