btc78
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July 13, 2022, 05:18:03 AM |
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Hi
Been wondering how to tell we have reached the crypto bottom? have we already bottomed out(I personally don't think so im not sure). If we look at the current world financial system - it looks dire. surely this will all have a impact on people investing in crypto and when funds are short, may even withdraw their investment.
Personally, because of the state of the financial system, I cannot see how crypto can become bullish as long as the world economy doesn't show signs of a recovery . I could be wrong though ?
what are your thoughts on this? Is a further crash on the horizon?
nothing knows exactly when this happen mate but what we need to do is spot our readiness to buy , because in any form there is no way that we can spot the exact bottom but at least we are ready when the turning happens. but the only thing that you will be safer is buying bitcoin and not to shitcoins .
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stomachgrowls
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July 13, 2022, 08:44:52 PM |
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Hi
Been wondering how to tell we have reached the crypto bottom? have we already bottomed out(I personally don't think so im not sure). If we look at the current world financial system - it looks dire. surely this will all have a impact on people investing in crypto and when funds are short, may even withdraw their investment.
Personally, because of the state of the financial system, I cannot see how crypto can become bullish as long as the world economy doesn't show signs of a recovery . I could be wrong though ?
what are your thoughts on this? Is a further crash on the horizon?
nothing knows exactly when this happen mate but what we need to do is spot our readiness to buy , because in any form there is no way that we can spot the exact bottom but at least we are ready when the turning happens. but the only thing that you will be safer is buying bitcoin and not to shitcoins . Still not considered to be safe because even Bitcoin does still impose risk and we know that crypto investment doesnt really give out guarantees but basing on what the community had been mainly supporting after a decade time then there's no doubt that Bitcoin would be the best choice. Whenever we do have plans on buying on the bottom then it normal that we should really be that prepared on entering the market even though not on that precise bottom but at least we are really near on it because knowing the exact price cant really be possible. There are even talks about 15k price bottom? https://www.coindesk.com/tv/all-about-bitcoin/apifiny-ceo-dollar15k-a-good-level-for-bitcoin-bottom/
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freedomgo
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July 16, 2022, 09:23:45 PM |
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Hi
Been wondering how to tell we have reached the crypto bottom? have we already bottomed out(I personally don't think so im not sure). If we look at the current world financial system - it looks dire. surely this will all have a impact on people investing in crypto and when funds are short, may even withdraw their investment.
Personally, because of the state of the financial system, I cannot see how crypto can become bullish as long as the world economy doesn't show signs of a recovery . I could be wrong though ?
what are your thoughts on this? Is a further crash on the horizon?
The market has not recover yet and crypto prices are still declining. Well, what can we expect from a bearish market than to see everything in the market falling apart. And assume that the whole market will even face future crashes if the bear market remains. But regardless how deep the market right now, still we can’t predict the bottom of this price declining. The crypto market remains unpredictable as it is.
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romero121
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July 16, 2022, 10:48:56 PM |
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Hi
Been wondering how to tell we have reached the crypto bottom? have we already bottomed out(I personally don't think so im not sure). If we look at the current world financial system - it looks dire. surely this will all have a impact on people investing in crypto and when funds are short, may even withdraw their investment.
Personally, because of the state of the financial system, I cannot see how crypto can become bullish as long as the world economy doesn't show signs of a recovery . I could be wrong though ?
what are your thoughts on this? Is a further crash on the horizon?
The market has not recover yet and crypto prices are still declining. Well, what can we expect from a bearish market than to see everything in the market falling apart. And assume that the whole market will even face future crashes if the bear market remains. But regardless how deep the market right now, still we can’t predict the bottom of this price declining. The crypto market remains unpredictable as it is. Being unpredictable is one of the good thing out of cryptocurrencies. Very few get used to it at the beginning days of using bitcoin. With time they slowly start to understand how things happen with the market. For now more bearish sentiments are around the market. The same can make the market continue its bearish move along with periodic uptrend in the market. The bottom and the top price of the cryptocurrencies can be well read by the users who are good in understanding the market movements chart. Learning to understand the charts makes a person good to analyse and understand the bottom and top of the market to some extent.
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Yamifoud
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July 16, 2022, 10:50:43 PM |
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The market has not recover yet and crypto prices are still declining. Well, what can we expect from a bearish market than to see everything in the market falling apart. And assume that the whole market will even face future crashes if the bear market remains. But regardless how deep the market right now, still we can’t predict the bottom of this price declining. The crypto market remains unpredictable as it is.
Until now, we can't still say that we have already reached the bottom. It was still an assumption of being there as we are not really sure about the incoming. But, I'd rather keep being positive and never think about that thing as it won't help us instead it only drags us down. Buying during the dip is still a great idea and we have to keep that mindset rather than being bothered if there is a huge dump to come. Dealing with the current market condition is somewhat the best thing we can do, not this bottom.
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xSkylarx
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July 17, 2022, 05:20:04 AM |
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If people can spot the bottom then people will stop buying a crypto and just wait for the price to crash which is very impossible. Instead of waiting for the bottom, why not do DCA or dollar-cost-averaging. Divide your investment to many portions like 3 to 5 and set a target price to where you want to buy. By doing this, you also reduce the risk of losing your investment instantly in a single dump.
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Minecache
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July 17, 2022, 02:34:07 PM |
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Where will be the bottom and where will be the highest, everyone wants to know this, but unfortunately no one can know. All are just predictions based on each investor's experience and knowledge. You shouldn't waste time looking for the bottom of bitcoin, it will not give accurate results but just waste your time and miss the opportunity to buy bitcoins at a good price. Buy when you feel it's the right price for you and your goals.
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Mr. Panda Pro
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July 20, 2022, 06:29:11 AM |
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It is true that the present world has suffered a lot of losses economically. If we look at the developed countries, we can understand that the rate of inflation in their country has increased a lot. This is not desirable at all and they are feeling the state of Bitcoin as a result. We have to go through this bad period for many more days and then we will know whether the situation is better or worse. Now we should not do any major trading at all. Always be alert because anything can happen anytime in the market.
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Sebas.tian
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July 24, 2022, 12:37:59 PM |
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Where will be the bottom and where will be the highest, everyone wants to know this, but unfortunately no one can know. All are just predictions based on each investor's experience and knowledge. You shouldn't waste time looking for the bottom of bitcoin, it will not give accurate results but just waste your time and miss the opportunity to buy bitcoins at a good price. Buy when you feel it's the right price for you and your goals.
I agree with you, because buy bitcoin at your own wish will really help you to focus on the market price than listen to people prediction in this season of bearish which the market price can change at anytime. I bought a huge amount of bitcoins at my own wish when the price decreased to $20,000 because I believe that is the minimum the price will reach in this month of July before the price will increase higher for both long term traders and short term traders to start earning from their investments.
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kotajikikox
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July 25, 2022, 08:21:11 AM |
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If people can spot the bottom then people will stop buying a crypto and just wait for the price to crash which is very impossible. Instead of waiting for the bottom, why not do DCA or dollar-cost-averaging. Divide your investment to many portions like 3 to 5 and set a target price to where you want to buy. By doing this, you also reduce the risk of losing your investment instantly in a single dump.
this is a big "IF" right? because the reality is that none of us can really track which time or when would be the prices not only of bitcoin but all coins that will be bottoming or increasing . that is why this place is where to invest with trust and with risk and we all should understand that. yes there are more dumping than pumping but surely one of those will come in certain time.
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stadus
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July 25, 2022, 11:13:05 AM |
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I'd buy Bitcoin without thinking about the bottom price as it doesn't matter to me. As what I'd consider most is buying them is a cheaper price which I think it was it a good idea, and to perfectly buy at the bottom price is somewhat a bonus for us since it was really unpredicted and even we don't know it.
But as for now, it was still in the uncertainties if we are going to the bottom or if we are done already. But just I've said we don't get focus on the bottom, instead, take this opportunity now to accumulate more.
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dragonvslinux
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July 25, 2022, 12:54:28 PM |
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Personally, this is how I'm attempting to confirm the bottom in Bitcoin this bear market. Not buying the bottom, but confirming it, even if it means an average price 20-50% higher than the low. There is no single indicator to rely on to confirm a bottom, as still the price history is too short with only 3 bull/bear market cycles so far. However a combination of difference indicators that are in confluence with each other can be a good start. Using these 5 metrics, it would have confirmed a bottom in 2019 at $3,835 and in 2015 at $245. Even if this is considerably higher than the actual market lows. The other reality is that it takes months to form a bottom, for example these indicators took 3-7 months to do so previously. So bottoms aren't formed overnight, or clear when they first appear.
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ololajulo
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July 25, 2022, 02:39:35 PM |
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We all know you cant pick the bottom and the top in this market but I always consider laddering in the market at certain times in the cycle, the world economy shift my purchase to next year, around a year to bitcoin halving. Technical analysis have not proven the best factor to make decision. It is important to hold cash throughout the market at least at 5-10% of ones portfolio to always have to buy from the market dip. Who could have seen the March 2020 dump?
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Oilacris
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July 25, 2022, 10:14:03 PM |
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We all know you cant pick the bottom and the top in this market but I always consider laddering in the market at certain times in the cycle, the world economy shift my purchase to next year, around a year to bitcoin halving. Technical analysis have not proven the best factor to make decision. It is important to hold cash throughout the market at least at 5-10% of ones portfolio to always have to buy from the market dip. Who could have seen the March 2020 dump?
Bottom or peak, there's no way or no one would able to spot out that area because this market is totally unpredictable and totally random.Spotting the bottom or peak cant really be possible. Making up decisions basing on your own analysis and skills will really be varying on you and risk taking will be the main talks on here.Spot the bottom is the hardest thing to be done but somehow it cant really be impossible yet there are people who are really good on making up decisions despite of such condition. Thats why trading and investing is not really something that you do simply put up money and just simply wait.There are lots of considerations you would need.
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GeorgeJohn
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July 25, 2022, 11:21:16 PM |
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It is true that the present world has suffered a lot of losses economically. If we look at the developed countries, we can understand that the rate of inflation in their country has increased a lot. This is not desirable at all and they are feeling the state of Bitcoin as a result. We have to go through this bad period for many more days and then we will know whether the situation is better or worse. Now we should not do any major trading at all. Always be alert because anything can happen anytime in the market.
I will say that some certain things we portrayed here are not formatics. Because i believe that cryptocurrency does not caused any inflation to any country. Because bitcoin is not only the source of generating income to any country per say. I believe that Bitcoin is not even been recognized in any every country across the world. From my observation we have to research before posting.
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Smack That Ace
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July 26, 2022, 06:09:42 AM |
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I'd buy Bitcoin without thinking about the bottom price as it doesn't matter to me. As what I'd consider most is buying them is a cheaper price which I think it was it a good idea, and to perfectly buy at the bottom price is somewhat a bonus for us since it was really unpredicted and even we don't know it.
But as for now, it was still in the uncertainties if we are going to the bottom or if we are done already. But just I've said we don't get focus on the bottom, instead, take this opportunity now to accumulate more.
Trying to determine the bottom will not help us own more bitcoins but sometimes also make us lose the opportunity to buy at low prices. At this point, it is clear that bitcoin price has dropped a lot compared to ATH, which makes it a good time to buy. There are no specific rules about buying bitcoins, meaning we can buy in any quantity and at any time. So, as long as we have a clear strategy and divide the purchase amount into several times, we will buy bitcoin with the best offer.
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btc78
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July 26, 2022, 06:23:30 AM |
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We all know you cant pick the bottom and the top in this market but I always consider laddering in the market at certain times in the cycle, the world economy shift my purchase to next year, around a year to bitcoin halving. Technical analysis have not proven the best factor to make decision. It is important to hold cash throughout the market at least at 5-10% of ones portfolio to always have to buy from the market dip. Who could have seen the March 2020 dump?
absolutely correct , we must have an standby amount so we can easily buy again when there is a dumping happens , or at least have some funds to use when there is emergency things that we badly needed to use. so our inside funds in crypto will not be wasted specially in market like this now.
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