Why Isn't Bitcoin Going Lower?

[glendall]

before I want to ask you what is the lowest target for the value of BTC you want?
if 17k$ is still not low, hey man, look at the chart from 69k$ to 17k$, the percentage is down, it's really sad for people who bought bitcoins above 20k yesterday, but I'm sure their strong hand will win when btc returns to new ATH

[Jody.Drummer]

They will do the same thing, I mean when the price of bitcoin is 20k they wait for the price of 15k, and just say bitcoin goes down to 15k they will definitely say "i wait until bitcoin reaches 10k". Laugh out loud. If they really want to buy I don't think they should do that, what they are doing is a waste of opportunity. It's not wrong for them to do this, but how long will they wait for something like that? until they realize that what they are doing is not right? Honestly, I can't stop thinking about this.

people who are waiting at the bottom usually always miss the train when walking and enter the bull market usually those who are lagging are always used to buying high and selling low, that's funny even though the price of $19k is already cheap and I'm not sure it will go to $10k too so let it go they are people like this waiting for cheaper prices in their dreams   

This is the point, when in fact we know that when we wait for something like this it actually becomes uncertainty and continues because nothing is really right in this kind of thing and indeed being left behind is something that is natural because we don't know how much even though we have done it. research but this is again just speculation.
It's better to pay in installments than to be left behind again and again because this is already quite a big discount but still want more?

[taufik123]

people who are waiting at the bottom usually always miss the train when walking and enter the bull market usually those who are lagging are always used to buying high and selling low, that's funny even though the price of $19k is already cheap and I'm not sure it will go to $10k too so let it go they are people like this waiting for cheaper prices in their dreams   

not so, people who are waiting for cheap prices of course already have their own strategies. It's not that they don't buy at current prices. They only accumulate on every bitcoin price based on every strong support and of course those who are waiting under use their financial management. reaching a price of $ 10k is still very possible if market conditions do not improve and the strongest support for $ 17 is able to be broken. DCA is a good strategy to implement.

[Oceat]

before I want to ask you what is the lowest target for the value of BTC you want?
if 17k$ is still not low, hey man, look at the chart from 69k$ to 17k$, the percentage is down, it's really sad for people who bought bitcoins above 20k yesterday, but I'm sure their strong hand will win when btc returns to new ATH

It's never too late to buy BTC though, anytime of the day that's an opportunity but the most important part is when you know how to make profit from your investment. So anyway, I think OP meant to say was why Bitcoin isn't in the bottom yet or he/she just really wanna know what is the bottom price or when it could happen. It just shows that someone was impatient enough to endure this slow moving pace of the price as if this is how the market would move in the past.

It takes some time of realization that when you are in crypto space specially Bitcoin, you will need a lot of patience in order to get through to your objectives. Aside from that, $60k was the ATH before and here we have $19k... It makes me think, is it really not going lower?

[kryptqnick]

I believe the important metric is the percentage from the ATH value that a currency loses. Celsius lost 83% of its value. Luna lost 87%, and there was a whole story about Luna scam/extreme mismanagement. Bitcoin lost 72% of its value. It's, IMO, very high, considering that it's the #1 currency, that no exit scam or anything else was performed on it and how strongly supported Bitcoin is by a big community. Unfortunately, Bitcoin can go even lower, and we must be ready for it, but for now, it's already at a very low price point compared to the ATH point, and the fact that it's quite stable around $19-$20k simply means that there's strong enough support of this price.

[|MINER|]

~snip~

Those who bought Bitcoin above 20K I think they are also going to make  profit because DIP near 20K is also good. But now the market is on a worst condition that's why we can't see any green signal on market . But it is guess by the market analysis that next halving it will make a huge ATH and it could be started on 2024 .

[Bazzu]

In my opinion bitcoin is different from altcoins, so bitcoin will not fall too deep while there are still people buying bitcoin, but of course as a bitcoin investor  still have to be careful because who knows bitcoin will go down further, because now the world economy is fall down. but still the safest investment remains in bitcoin, because in altcoins the risk of decline is very high.