We are Close To The Bottom:

[alexey14]

We are Close To The Bottom:

[gentlemand]

Who knows? But here's an interesting comparison chart that popped up today. There certainly are plenty of similarities to draw on there.

Anyone who's still here may as well stick around and wait it out anyway.

[Crashing]

Good charts, but don't forget that the price went down on those crashes and stayed down for about one year.
And I can't see any support at current prices. Only at about 2000 USDs.
IMHO, more down to come, after a bounce to make a three day green candle.

[Tytanowy Janusz]

I see support at 3k but in my opinion 3,5k holded pretty nice and might stop price for next few weeks. Chart looks very interresting. Thanks for sharing.

[TheAndy500]

Who knows? But here's an interesting comparison chart that popped up today. There certainly are plenty of similarities to draw on there.

Anyone who's still here may as well stick around and wait it out anyway.

Could you explain how the chart from Mt.gox from this year is on that picture?!?!   

It is very possible that the level of $3.5k is the current bottom, but it does not mean that it is the ultimate bottom. It is very likely that another wave will come soon. It will be a big increase and, unfortunately, an even bigger drop.. Even up to $1k! And in my opinion it will be a real bottom, which we should be afraid of.

[gentlemand]

Could you explain how the chart from Mt.gox from this year is on that picture?!?!   

It is very possible that the level of $3.5k is the current bottom, but it does not mean that it is the ultimate bottom. It is very likely that another wave will come soon. It will be a big increase and, unfortunately, an even bigger drop.. Even up to $1k! And in my opinion it will be a real bottom, which we should be afraid of.

Check the actual dates on the charts themselves, though it's a rather small pic.

No point in being afraid of a bottom. The more violent and alarming it is the more definitive it'll be. That's what we need after all this dicking around in nowheresville.

[Herbert2020]

if by bottom you mean the lowest price after a bubble correction then we used to be close to the bottom. now we are far from it because we are past the bottom. in other words the current price is below the bottom which was $6k!

if by bottom you mean the lowest price that bitcoin can reach in this manipulation phase then it is impossible to say. it can be $3400 that was already set, it can be $2k, or $1k or possibly even lower. although below that would be extremely hard but when whale manipulators are hard at work they can do anything.

the real question in my opinion is how long can they keep it up?

[LeGaulois]

Others markets (in the same situation than the crypto market) still think they didn't reach their bottom.
Don't know but yesterday the whole market was down by ~15% and this morning it's up by ~15% (Monday?). Too bad I missed few orders yesterday. Bottom or not we still cannot be fixed on what's path the market is going to follow.

[supermine]

I think we got hit the bottom already now the prices is again moving over $3800 so which is the start of bull run maybe so get ready for the bull run before it start by buying the coins on your own or you will regret it later.

[jimbo2000]

TA suggests that $2500-$3500 could be the bottom. That would have allowed the price to come back down all the way to a level it was previously secure at and a bottom that had been tested previously. The comparison from previous crashes is interesting, though if that holds true it would mean another 1-2 years of very slow growth. Though that beats the current trend.

[talkbitcoin]

that may be the case but usually in cases like this i ask myself this question:
why did the price went down in first place? and then whether that reason is still valid.

in this case the reason in my opinion was manipulation and panic because of FUD. and when that happens there no longer is any bottom. we are in an unpredictable state!

[Wilhelm]

that may be the case but usually in cases like this i ask myself this question:
why did the price went down in first place? and then whether that reason is still valid.

in this case the reason in my opinion was manipulation and panic because of FUD. and when that happens there no longer is any bottom. we are in an unpredictable state!

I think we are in a pretty predictable state.
- No real reason to doubt Bitcoin tech
- FUD and despair
- End of year (people need real money for christmas, etc.)
- A lot of similarities with the previous trend reversal after the last ATH crash.

We are about to witness a reversal in trend. Trend will mildly go upward and mostly it will go sideways.

I do not believe we will go below $2k (hopefully not $3k)

[Semaj123]

TA suggests that $2500-$3500 could be the bottom. That would have allowed the price to come back down all the way to a level it was previously secure at and a bottom that had been tested previously. The comparison from previous crashes is interesting, though if that holds true it would mean another 1-2 years of very slow growth. Though that beats the current trend.

Either way around, let's just hope big whales will start to make some actions that will help the price to increased. On the other side, hopefully its value already reached the bottom and could start to see some increased in order for us to at least make our mind be sometime relaxed.

[talkbitcoin]

that may be the case but usually in cases like this i ask myself this question:
why did the price went down in first place? and then whether that reason is still valid.

in this case the reason in my opinion was manipulation and panic because of FUD. and when that happens there no longer is any bottom. we are in an unpredictable state!

I think we are in a pretty predictable state.
- No real reason to doubt Bitcoin tech
- FUD and despair
- End of year (people need real money for christmas, etc.)
- A lot of similarities with the previous trend reversal after the last ATH crash.

We are about to witness a reversal in trend. Trend will mildly go upward and mostly it will go sideways.

I do not believe we will go below $2k (hopefully not $3k)

with that last statement you are confirming that we are actually NOT in a predictable state. otherwise you could have said $3400ish was the bottom and the trend has indeed reversed. but you can not say that and that means unpredictability.
the same manipulators who dumped the price so far can decide to dump more and keep it down for a longer time or they may run out of power and the price can reverse upwards towards real bottom at $6k...

[buwaytress]

Actually totally missed out on that bottom as was just too busy on the weekend. Woke up today and saw the 6.5% bounce. Still feel we're not done yet testing the depths and actually would have felt far better had price just levelled off there. This quick rise to the top suggests people are really happy to take profit at 4k before diving back in. That dive might be a bit too deep for my liking when we're not even in December!

[NeuroticFish]

Who knows? But here's an interesting comparison chart that popped up today. There certainly are plenty of similarities to draw on there.

This would mean that one entire unpleasant year for the markets is still ahead of us.
On another hand this would also mean that the next ATH should be over 300k. Hmmm...

[Wilhelm]

that may be the case but usually in cases like this i ask myself this question:
why did the price went down in first place? and then whether that reason is still valid.

in this case the reason in my opinion was manipulation and panic because of FUD. and when that happens there no longer is any bottom. we are in an unpredictable state!

I think we are in a pretty predictable state.
- No real reason to doubt Bitcoin tech
- FUD and despair
- End of year (people need real money for christmas, etc.)
- A lot of similarities with the previous trend reversal after the last ATH crash.

We are about to witness a reversal in trend. Trend will mildly go upward and mostly it will go sideways.

I do not believe we will go below $2k (hopefully not $3k)

with that last statement you are confirming that we are actually NOT in a predictable state. otherwise you could have said $3400ish was the bottom and the trend has indeed reversed. but you can not say that and that means unpredictability.
the same manipulators who dumped the price so far can decide to dump more and keep it down for a longer time or they may run out of power and the price can reverse upwards towards real bottom at $6k...

In my opinion unpredictable means that you have no clue whatsoever on what is going to happen.
It is obvious that we are close to or at the bottom or have hit it and the trend will reverse.
All the FUD is a great indicator for this.

And in fact I do believe that we have hit the bottom and the bottom might get aggressively retested. That is why I mentioned the $2k. Whales are going to keep on pushing until they can't get lower.

So for me it is predictable (as far as stock price predictability goes)

[Febo]

We are Close To The Bottom:

We are definitely closer then was a week ago. Considering time of the even and the price of Bitcoin at the event.

[STT]

Extreme Fear when we are bullish on a yearly basis.  Yea you make a fair point with this I think  


Here is my view of recent days and its battle through Fib levels -



I'll go along with a rough take of 3850 and above is a positive move but obviously there is a serious of battles on varied timescales between sellers and buyers and all the various parties on either side

[exstasie]

We might be close, but we haven't hit the bottom yet.

Pull up a daily candle chart and look at the February 5th bottom. Note the huge volume climax and the large-range hammer candle. That's what a bottom looks like in BTC. Huge volume exchange = everyone who wants to sell already sold, and the hammer = everyone (capitulated bulls, shorters, etc) is chasing price upward now.

The current chart looks nothing like that. It's still droopy as hell.

[BitHodler]

This would mean that one entire unpleasant year for the markets is still ahead of us.
On another hand this would also mean that the next ATH should be over 300k. Hmmm...

How is more accumulation time unpleasant? I'm confident that the next ATH will piss on the $20,000 mark, but where it ends up peaking remains to be seen. In other words, buy as many coins as possible.

I hope that the next correction won't turn out to be similar to the previous post bull run corrections, because that would indicate that the market is still as immature as it has always been. Not something to look forward to.

These corrections aren't useful to anyone but those who know when to sell and buy back. Maybe that institutions providing liquidity will do the market well overall, because that's basically what it comes down to, liquidity.

[NeuroticFish]

How is more accumulation time unpleasant? I'm confident that the next ATH will piss on the $20,000 mark, but where it ends up peaking remains to be seen. In other words, buy as many coins as possible.

Right now I cannot buy. Right now I would have preferred to even sell a little bit. Of course, I won't at this price.

And if the history of 2014 is repeating, we'll also have something similar with 2015, meaning the price will still fall for a while and even afterwards it will not recover easily.
If the history of 2014 is repeating, next year will be the one a lot of miners will give up. A lot of individuals will leave crypto world.
All in all, while, yes, the (new) believers with available funds can accumulate, it still looks like a bad year.

[eann014]

I think we got hit the bottom already now the prices is again moving over $3800 so which is the start of bull run maybe so get ready for the bull run before it start by buying the coins on your own or you will regret it later.

I don't want to expect for the bull run because for me, bitcoin is struggling right now and at the crisis. So, it is impossible for bitcoin to make another bull run or up again until over $10k, I think we will experience a low price of bitcoin in a long run.

[Vit83]

We are near the bottom already for a year) Every time BTC is falling everybody writing we near bottom buy as much as you can) Nobody can is this bottom or not)  

[jimbo2000]

TA suggests that $2500-$3500 could be the bottom. That would have allowed the price to come back down all the way to a level it was previously secure at and a bottom that had been tested previously. The comparison from previous crashes is interesting, though if that holds true it would mean another 1-2 years of very slow growth. Though that beats the current trend.

Either way around, let's just hope big whales will start to make some actions that will help the price to increased. On the other side, hopefully its value already reached the bottom and could start to see some increased in order for us to at least make our mind be sometime relaxed.

Whales aren't going to come and just start to buy everything up. If they do come they'll place their orders and let people fill them, why would they push up the price when they can just wait a little while and get cheaper coins?

[coinplus]

It's not a huge shock to anyone that the bitcoin price goes up and down. All those charts, all those estimates are basically all says "bitcoin sometimes goes up and sometimes goes down and in between it stays about the same without moving" which is really not a big surprise to anyone. It doesn't require a brain to know that price of something sometimes goes up and sometimes goes down.

Yeah, it has similarities to historical bitcoin price data because back in the day bitcoin went up and went down, now it went up last year and it went down now. Hence, what can we expect from bitcoin now? To go up. The point is how much will it drop and how long will it be like this before it starts going back up. We all know that bitcoin will go up eventually, the question is not "will it go up again?", the question is "when will it go up".

[Hamphser]

We are Close To The Bottom:

How to identify the bottom? 

It seems that all levels would really be a possible bottom when we do talk about cryptocurrency which we know this market is way
too unpredictable.

[exstasie]

How to identify the bottom? 

It seems that all levels would really be a possible bottom when we do talk about cryptocurrency which we know this market is way
too unpredictable.

You can only identify the bottom in hindsight, after bulls have bought the price back up and established a reversal.

But there are some signs to look for. As the OP points out, fearful and capitulatory sentiment accompanied by a deep crash can signify you're near the bottom. Swing lows and highs are also often characterized by extremely high volume too. Check out the volume on the February bottom this year.

[1Referee]

Whales aren't going to come and just start to buy everything up. If they do come they'll place their orders and let people fill them, why would they push up the price when they can just wait a little while and get cheaper coins?

Whales don't have to push the price up. The job of whales isn't signalling that they are a whale, but to make it seem they are not. In other words, they have their bots scooping up small amounts of coins on pretty much any level they are comfortable buying at, without affecting the market.

If you browse through the orderbooks of most larger exchanges, you see plenty of orders with similar amounts of coins, with some times very odd amounts as well. It's all bot activity.

[Quidat]

Whales aren't going to come and just start to buy everything up. If they do come they'll place their orders and let people fill them, why would they push up the price when they can just wait a little while and get cheaper coins?

Whales don't have to push the price up. The job of whales isn't signalling that they are a whale, but to make it seem they are not. In other words, they have their bots scooping up small amounts of coins on pretty much any level they are comfortable buying at, without affecting the market.

If you browse through the orderbooks of most larger exchanges, you see plenty of orders with similar amounts of coins, with some times very odd amounts as well. It's all bot activity.

So, this is how the market is being manipulated by just bots? Well, it is indeed still surprising to see even more since they have been all manipulating this market ever since from the start.

What we could do to such high volatility and sudden dump? We are almost near to the bottom and yet the market seems likely to go down for more.

[Shinpako09]

Seems we've reach it already. I woke up this morning at $3500 and now we are back at $4000. Finally saw a rise and it really feels great. Hope this would continue and back up atleast $6500 until the end of year. I don't want to fully hope in this one but let's just cherish this little rise happen. It's possible that investors could gain positivity again.

[hahay]

Seems we've reach it already. I woke up this morning at $3500 and now we are back at $4000. Finally saw a rise and it really feels great. Hope this would continue and back up atleast $6500 until the end of year. I don't want to fully hope in this one but let's just cherish this little rise happen. It's possible that investors could gain positivity again.

Agree, this is a small increase that might be a breath of fresh air for crypto holders, I also do not know how low the point will be trampled on, but with a small increase will at least make us more calm to holding because if prices continue to decline worries will increasingly high if we are unable to control ourselves.

[Herbert2020]

How is more accumulation time unpleasant? I'm confident that the next ATH will piss on the $20,000 mark, but where it ends up peaking remains to be seen. In other words, buy as many coins as possible.

Right now I cannot buy. Right now I would have preferred to even sell a little bit. Of course, I won't at this price.

i am with you on not-buying, but that doesn't mean it warrants selling.
right now we don't know whether price is going to fall more or not but we also don't know if it is going to rise or not in short term. when manipulation is dominant in the market, all bets are off and what we are left with is a risky market which most investors prefer to stay away from which is why these recoveries usually take a longer time.

[adaseb]

We are in extremely oversold territory. A bounce is definately in the works. However is it the bottom? Who knows.

Looking at the hourly charts, I would need to see a clear break past $4100-$4200 to remain neutral. Right now its still bearish territory. Many are still short.

I think if we ever climb back to $6000, we will have a crazy Cup and Handle formation since many are probably holding their position from there.

[exstasie]

We are in extremely oversold territory. A bounce is definately in the works. However is it the bottom? Who knows.

Looking at the hourly charts, I would need to see a clear break past $4100-$4200 to remain neutral. Right now its still bearish territory. Many are still short.

There's a resistance area here in the $4,300s left from the last consolidation, before the final drop. The 1-hour chart is looking exhausted too. I wouldn't be surprised to see a harsh pullback here. I'd like to see a higher low before opening any new longs.

I think if we ever climb back to $6000, we will have a crazy Cup and Handle formation since many are probably holding their position from there.

Yeah, I'm sure there will be lots of resistance there. Whether we form a handle (and resume upwards) is an open question. Here's an interesting perspective on how it might turn out: https://www.tradingview.com/x/l8BeQtyp

[pinoyden]

We are near the bottom already for a year) Every time BTC is falling everybody writing we near bottom buy as much as you can) Nobody can is this bottom or not)  

No . i believe that is not yet the bottom because based on what i read in a  news online ( from a reputable source ) they claim that crypto will continue to fall under 3k usd and the date or the period where the bearish trend could  end is probably on may 2019 .  

It was really shocking to hear those thoughts , that came from the experts  .

But overall if this scenario  could happen for real   , then it is still a good news for those who constantly collect cryptos because they can still buy more coins in a cheaper price .

[WinslowIII]

We are near the bottom already for a year) Every time BTC is falling everybody writing we near bottom buy as much as you can) Nobody can is this bottom or not)  

No . i believe that is not yet the bottom because based on what i read in a  news online ( from a reputable source ) they claim that crypto will continue to fall under 3k usd and the date or the period where the bearish trend could  end is probably on may 2019 .  

It was really shocking to hear those thoughts , that came from the experts  .

But overall if this scenario  could happen for real   , then it is still a good news for those who constantly collect cryptos because they can still buy more coins in a cheaper price .

F'g experts have been wrong a lot more than they have been right over the years. The more reputable source, the more wrong they have been. Who's more reputable than Warren Buffet? who's been more wrong than Warren Buffet? nobody.

[Clark05]

I hope this is the lowest price of the bitcoin for now and it will not decrease any more because if it's still down it is not really good for the market because it will down again. But we can have slolution for that if we buy all again bitcoin for sure in short period of time it will increasw again.

[fabiorem]

This seems like a good indicator, OP.

However, we were all thinking (including myself) that 6k was the bottom.

Weak hands have departed a long time ago. Now we have only whales dumping coins.

The people who didnt sell are those who had not go all-in, and only invested what they can afford to lose.

[Wilhelm]

This seems like a good indicator, OP.

However, we were all thinking (including myself) that 6k was the bottom.

Weak hands have departed a long time ago. Now we have only whales dumping coins.

The people who didnt sell are those who had not go all-in, and only invested what they can afford to lose.

Also HODL'ers didn't sell...
The best wallet is a cold wallet 

[jimbo2000]

Whales aren't going to come and just start to buy everything up. If they do come they'll place their orders and let people fill them, why would they push up the price when they can just wait a little while and get cheaper coins?

Whales don't have to push the price up. The job of whales isn't signalling that they are a whale, but to make it seem they are not. In other words, they have their bots scooping up small amounts of coins on pretty much any level they are comfortable buying at, without affecting the market.

If you browse through the orderbooks of most larger exchanges, you see plenty of orders with similar amounts of coins, with some times very odd amounts as well. It's all bot activity.

So, this is how the market is being manipulated by just bots? Well, it is indeed still surprising to see even more since they have been all manipulating this market ever since from the start.

What we could do to such high volatility and sudden dump? We are almost near to the bottom and yet the market seems likely to go down for more.

Precisely, they don't push the price up, they just let their orders continue to fill.

When we reach the real bottom there won't be many people left believing that bitcoin is going to recover any time soon. That could have been recently but a lot of people on this forum as still very bullish. Of course with that it's worthwhile considering that they may not be representative of all invested in to bitcoin.

[Febo]

Whales aren't going to come and just start to buy everything up. If they do come they'll place their orders and let people fill them, why would they push up the price when they can just wait a little while and get cheaper coins?

Whales don't have to push the price up. The job of whales isn't signalling that they are a whale, but to make it seem they are not. In other words, they have their bots scooping up small amounts of coins on pretty much any level they are comfortable buying at, without affecting the market.

If you browse through the orderbooks of most larger exchanges, you see plenty of orders with similar amounts of coins, with some times very odd amounts as well. It's all bot activity.

So, this is how the market is being manipulated by just bots? Well, it is indeed still surprising to see even more since they have been all manipulating this market ever since from the start.

What we could do to such high volatility and sudden dump? We are almost near to the bottom and yet the market seems likely to go down for more.

Precisely, they don't push the price up, they just let their orders continue to fill.

When we reach the real bottom there won't be many people left believing that bitcoin is going to recover any time soon. That could have been recently but a lot of people on this forum as still very bullish. Of course with that it's worthwhile considering that they may not be representative of all invested in to bitcoin.

Here on this forum are people that were here in 2013 and some even in 2011. It is easy to be a general after a battle. So super easy for them.  In general public is not the same. For most people Bitcoin is already dead. It will be way more dead at start of 2019 when people will get clear % of how much Bitcoin lost in 2018.

[gabmen]

Whales aren't going to come and just start to buy everything up. If they do come they'll place their orders and let people fill them, why would they push up the price when they can just wait a little while and get cheaper coins?

Whales don't have to push the price up. The job of whales isn't signalling that they are a whale, but to make it seem they are not. In other words, they have their bots scooping up small amounts of coins on pretty much any level they are comfortable buying at, without affecting the market.

If you browse through the orderbooks of most larger exchanges, you see plenty of orders with similar amounts of coins, with some times very odd amounts as well. It's all bot activity.

So, this is how the market is being manipulated by just bots? Well, it is indeed still surprising to see even more since they have been all manipulating this market ever since from the start.

What we could do to such high volatility and sudden dump? We are almost near to the bottom and yet the market seems likely to go down for more.

Precisely, they don't push the price up, they just let their orders continue to fill.

When we reach the real bottom there won't be many people left believing that bitcoin is going to recover any time soon. That could have been recently but a lot of people on this forum as still very bullish. Of course with that it's worthwhile considering that they may not be representative of all invested in to bitcoin.

Lol. I don't even think many of those bullish and bearish peeps are actually holding bitcoins 😆 and i'm not sure about whales just waiting to have their orders filled. I mean, maybe some of them are aggressively trying to influence the market. They can do that if they want to.

[candra raditya]

Even though bitcoin is getting lower then this will be an opportunity to buy, and there is no need to panic because bitcoin still has hope and will certainly be able to grow in the future.

[xFiber]

This would mean that one entire unpleasant year for the markets is still ahead of us.
On another hand this would also mean that the next ATH should be over 300k. Hmmm...

How is more accumulation time unpleasant? I'm confident that the next ATH will piss on the $20,000 mark, but where it ends up peaking remains to be seen. In other words, buy as many coins as possible.

I am still nowhere near I want to be in terms of my position for the next bull run so I really don't mind the market taking it's time to rebound after this bear market. That quick bounce after that steep drop is certainly a good sign but not get ahead of ourselves. Lots of people also predicted a bottom at $6,000 and $4,000 and look where that weant.

Fact of the matter remains that nobody knows 'the bottom' and I have long given up on trying to guess it.

[bitbunnny]

Whales aren't going to come and just start to buy everything up. If they do come they'll place their orders and let people fill them, why would they push up the price when they can just wait a little while and get cheaper coins?

Whales don't have to push the price up. The job of whales isn't signalling that they are a whale, but to make it seem they are not. In other words, they have their bots scooping up small amounts of coins on pretty much any level they are comfortable buying at, without affecting the market.

If you browse through the orderbooks of most larger exchanges, you see plenty of orders with similar amounts of coins, with some times very odd amounts as well. It's all bot activity.

So, this is how the market is being manipulated by just bots? Well, it is indeed still surprising to see even more since they have been all manipulating this market ever since from the start.

What we could do to such high volatility and sudden dump? We are almost near to the bottom and yet the market seems likely to go down for more.

Precisely, they don't push the price up, they just let their orders continue to fill.

When we reach the real bottom there won't be many people left believing that bitcoin is going to recover any time soon. That could have been recently but a lot of people on this forum as still very bullish. Of course with that it's worthwhile considering that they may not be representative of all invested in to bitcoin.

Here on this forum are people that were here in 2013 and some even in 2011. It is easy to be a general after a battle. So super easy fro them.  In general public is not the same. For most people Bitcoin is already dead. It will be way more dead at start of 2019 when people will get clear % of how much Bitcoin lost in 2018.

Well, I'm using Bitcoin since 2013 and I would say this is not the first or the last such situation on the market like we are having now. So I don't actually get it why such drama. Except for the newbies that joined only last year.  But for most of them Bitcoin is only about profit so they might get even more disappointed. But I wouldn't agree that Bitcoin is dead. If we think that Bitcoin is going to be dead every time when the price goes down then it died too much time until now.

[STT]

Looking at the hourly charts, I would need to see a clear break past $4100-$4200 to remain neutral. Right now its still bearish territory. Many are still short.

I think if we ever climb back to $6000, we will have a crazy Cup and Handle formation since many are probably holding their position from there.

I think we are basically walking past 4200 now, some are trying shorts but really I expect is to go back to 6000 for a real midday showdown.    A good gunfight between between shorts and bulls should occur around 6000 because that figure has been the biggest figure for all of 2018

So how we are going to end the year, sideways or fighting for higher.    I dont think we'll really go out of this entire range we just broke into, we'll be bouncing around here for a while is my guess.   Its a decent place to find a bottom price but its too soon to call that.  First we sort out that higher price and my guess is the 4200 area is not the ceiling, its more of a mid way

[Baofeng]

We are near the bottom already for a year) Every time BTC is falling everybody writing we near bottom buy as much as you can) Nobody can is this bottom or not)  

No . i believe that is not yet the bottom because based on what i read in a  news online ( from a reputable source ) they claim that crypto will continue to fall under 3k usd and the date or the period where the bearish trend could  end is probably on may 2019 .  

It was really shocking to hear those thoughts , that came from the experts  .

But overall if this scenario  could happen for real   , then it is still a good news for those who constantly collect cryptos because they can still buy more coins in a cheaper price .

Forget about those experts, they simply as speculators as every does in the community so I wouldn't put too much weight on every so-called experts out there.

Yes, we might wake up at $1000 or $10000 who knows. As you can see we didn't past the $4300 mark as the market is almost red again. Ah, the beauty of crypto, we really don't know what's going to happen so we better prepared for the worst case scenario.

[Cacingkemi]

I think we got hit the bottom already now the prices is again moving over $3800 so which is the start of bull run maybe so get ready for the bull run before it start by buying the coins on your own or you will regret it later.

I don't want to expect for the bull run because for me, bitcoin is struggling right now and at the crisis. So, it is impossible for bitcoin to make another bull run or up again until over $10k, I think we will experience a low price of bitcoin in a long run.

Well for BTC lately it's hard to reach 10K especially for new bullish,I think the same but it looks like BTC is at its lowest point now in the range of 4K it might rise to manipulate the market around 6K or 8K before the end of this year.

[jimbo2000]

-snip-

Here on this forum are people that were here in 2013 and some even in 2011. It is easy to be a general after a battle. So super easy fro them.  In general public is not the same. For most people Bitcoin is already dead. It will be way more dead at start of 2019 when people will get clear % of how much Bitcoin lost in 2018.

Well, I'm using Bitcoin since 2013 and I would say this is not the first or the last such situation on the market like we are having now. So I don't actually get it why such drama. Except for the newbies that joined only last year.  But for most of them Bitcoin is only about profit so they might get even more disappointed. But I wouldn't agree that Bitcoin is dead. If we think that Bitcoin is going to be dead every time when the price goes down then it died too much time until now.

I have not been invested in to bitcoin for very long and have seen the profit i'd generated turn from potentially life altering to next to nothing in the last year however I am not panicked, so it's nothing to do with having been around since bitcoin was very low in price. As BitBunny said, this is not the first and nor will it be the last time that bitcoin goes through such a crash. Each time will eventually become less significant but they will still continue to occur.

Anyone who is considering bitcoin dead has a very narrow-minded viewpoint on the matter. There have been countless examples of things that have been written off historically by many only to go on and dominate the world as we know it. Amazon stock crashed something like 99% in the big dot com bubble, last time I checked it wasn't dead   

[Slow death]

We are Close To The Bottom

Whenever we have a price drop, the campaign starts to justify the price drop, for some is correction and then start the race to find out where the fund is, this one is where many have a crystal ball and talk where the bottom is and when the price drops even more, they say the bottom is lower and so this is the crypto market. I do not know where the bottom is then I'll just be an observer

[shamc]

The bottom is probably around $3500 as it is too cheap to let that opportunity pass. Most of us will buy as much as we can at that price, even if everyone just buys fractions of bitcoin the price will hold or perhaps even rise

[thecodebear]

It is very possible that the level of $3.5k is the current bottom, but it does not mean that it is the ultimate bottom. It is very likely that another wave will come soon. It will be a big increase and, unfortunately, an even bigger drop.. Even up to $1k! And in my opinion it will be a real bottom, which we should be afraid of.

Why would you be afraid of a bottom? A bottom by definition means its got nowhere to go but up.

Also I very much doubt it'll go down much past $3k if it even gets under $3k, and $1k seems extremely unlikely. Panic selling from the BCH split caused the current drop after a couple months of stability, that panic selling now seems to be over. Likely we're at a new stable level without another random large negative event affecting the whole market. I'd expect a sideways half year of movement in the $3k - $6k range. Sure it might go lower, but just I wouldn't be on it outside of another big somewhat-random event.

[thecodebear]

Whales aren't going to come and just start to buy everything up. If they do come they'll place their orders and let people fill them, why would they push up the price when they can just wait a little while and get cheaper coins?

Whales don't have to push the price up. The job of whales isn't signalling that they are a whale, but to make it seem they are not. In other words, they have their bots scooping up small amounts of coins on pretty much any level they are comfortable buying at, without affecting the market.

If you browse through the orderbooks of most larger exchanges, you see plenty of orders with similar amounts of coins, with some times very odd amounts as well. It's all bot activity.

So, this is how the market is being manipulated by just bots? Well, it is indeed still surprising to see even more since they have been all manipulating this market ever since from the start.

What we could do to such high volatility and sudden dump? We are almost near to the bottom and yet the market seems likely to go down for more.

Precisely, they don't push the price up, they just let their orders continue to fill.

When we reach the real bottom there won't be many people left believing that bitcoin is going to recover any time soon. That could have been recently but a lot of people on this forum as still very bullish. Of course with that it's worthwhile considering that they may not be representative of all invested in to bitcoin.

Here on this forum are people that were here in 2013 and some even in 2011. It is easy to be a general after a battle. So super easy fro them.  In general public is not the same. For most people Bitcoin is already dead. It will be way more dead at start of 2019 when people will get clear % of how much Bitcoin lost in 2018.

Exactly, and then in 2020 when they see Bitcoin pushing past $20k and they are like "wait I thought it died two years ago, oh well it must be about to crash again", and then 6 months later they see it pushing past $50k and that's when FOMO hits them all over again except now they are just trying to get a tenth of a bitcoin instead of a whole bitcoin or more.

[magneto]

I think that we are as well.

It's interesting, because mainstream media is sort of an indicator of where the sentiment of the market is. When everyone is panicking about bitcoin and there are no bullishness in the market, even though there may be bullish news such as institutions trying to get into the market with their trading services, you know that it's close to the point of capitulation.

Even though we might dip further, I think that we're already in a nice accumulation zone where the smart money has started to come in already. I wouldn't expect prices to go under much further than $3k, as I think there is still a lot of long term demand there. It makes sense to invest contrary to what the market sentiment is right now.

[okala]

We are Close To The Bottom:

I am thinking the same it seems we are actually close to the end of this bearish market.  This new month something is going to happen that will change the whole equation.  Traders are facing hard time and lose but those that were able to hold for long-term are going to make money from this market.  I believe that now is the right time to buy bitcoin and some of the old coins.

[Grimjule]

We are near the bottom already for a year) Every time BTC is falling everybody writing we near bottom buy as much as you can) Nobody can is this bottom or not)  

No one know that which is a bottom but we have to buy whenever we have money to buy Bitcoin as any time the price of Bitcoin enter the bull run and after that everyone who waited for the bottom and not bought will regret. I will Bitcoin is a coin which price is not predictable but only the good steps work for the better price so any time a good step can boost the price of Bitcoin.

[eaLiTy]

I think we are basically walking past 4200 now, some are trying shorts but really I expect is to go back to 6000 for a real midday showdown.    A good gunfight between between shorts and bulls should occur around 6000 because that figure has been the biggest figure for all of 2018

I am expecting a bound range of 3200 to 4900 till the summer and then we can expect some movement at the later part of 2019 and the halving is coming up, so there is no doubt in my mind that we will see a rally during that time, it was like that in the past and i expect the same pattern in the future, the price might go up for a short time, but it will come down eventually to the range bound i am expecting. For long term investors it is a good opportunity to get the coins, just get rid of the other coins and focus just on bitcoin is the way to go moving forward for all the new investors in this platform.

[jimbo2000]

I think we are basically walking past 4200 now, some are trying shorts but really I expect is to go back to 6000 for a real midday showdown.    A good gunfight between between shorts and bulls should occur around 6000 because that figure has been the biggest figure for all of 2018

I am expecting a bound range of 3200 to 4900 till the summer and then we can expect some movement at the later part of 2019 and the halving is coming up, so there is no doubt in my mind that we will see a rally during that time, it was like that in the past and i expect the same pattern in the future, the price might go up for a short time, but it will come down eventually to the range bound i am expecting. For long term investors it is a good opportunity to get the coins, just get rid of the other coins and focus just on bitcoin is the way to go moving forward for all the new investors in this platform.

Focusing entirely on bitcoin will eventually become an obsolete strategy as alt-coins up their game. They won't continue to be terrible competition to bitcoin because eventually one will make a breakthrough and find some real world utility. It's a good time to buy bitcoin and I would advise anyone to do that, I just think it's best to include some alt-coins also, maybe a 70/30 split between bitcoin and altcoin.

[evforster]

Even though bitcoin is getting lower then this will be an opportunity to buy, and there is no need to panic because bitcoin still has hope and will certainly be able to grow in the future.

I am also of that same view because in the current era we are seeing a lot of bigger business running with the payment of Bitcoin and many more are coming. This is a proof that the future of Bitcoin will be very bright and in the future the price of Bitcoin will be very higher.

[liuqi]

Even though bitcoin is getting lower then this will be an opportunity to buy, and there is no need to panic because bitcoin still has hope and will certainly be able to grow in the future.

I am also of that same view because in the current era we are seeing a lot of bigger business running with the payment of Bitcoin and many more are coming. This is a proof that the future of Bitcoin will be very bright and in the future the price of Bitcoin will be very higher.

Bitcoin worth is a 100k USD but current market condition is totally collapsed in crypto platform so we should not expect the positive results in near future. But all the peoples are ready to accept this bleeding market so once it will reach more than 7k USD again are believe this platform.

[wxa7115]

I have been thinking that we are close to the bottom for a very long time and yet the price of bitcoin keeps going down, for a few days the price did not move much and recovered a few hundred dollars but now the market is going down once again and the price is below 4000 dollars if this is the beginning of another correction it is entirely possible that we could see a price below 3000 dollars and if that happens it is entirely possible that more people are going to panic and are going to make the price a lot lower.

That scenario is so bad that I do not want to even think about it because that will mean that it will take years for the price of bitcoin to recover and that is never an easy thing to face when we have losses that are greater than 70% already.