POLL: Did we hit the bottom?

[abstractednerve]

Though the result has come already, but I would not agree with the result. Because I think we don't hit the bottom yet, Bitcoin price had to go under 3K USD! When Bitcoin price went to under 5K USD, I realized by following the chart that it needs under 3K USD to start bumping high again, and I am still confident with my analysis!

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[fabiorem]

Well, I've made this curve right now, and maybe we really reached the bottom.

[Oceat]

Though the result has come already, but I would not agree with the result. Because I think we don't hit the bottom yet, Bitcoin price had to go under 3K USD! When Bitcoin price went to under 5K USD, I realized by following the chart that it needs under 3K USD to start bumping high again, and I am still confident with my analysis!

I would let my hopes high yet because we are in Q1 and there is more to come in another quarter. We just have to get ready ourselves if there is another bottom but i will be glad if this is the bottom already.

Do you guys think that Bitcoin would maintain this unstable $35xx to $36xx for the rest of the year then the bull run will start again?
Some say that 2020 is the year of bull run because of halving but even if there is halving already it wouldn't be so sure if the bull run would start already.

[hell_slayer]

Well, I've made this curve right now, and maybe we really reached the bottom.

Well , it's just your predictions , right ? This graph looks plausible only at the time of its publication, but after a week it may seem just reflections of a naive person. Since we are sharing thoughts here, then I will post my own on this. This is how I see the graph in a month and a neatly drawn curve again tells us that "it is quite likely that this is the bottom" 

[deisik]

Well, I've made this curve right now, and maybe we really reached the bottom.

Well , it's just your predictions , right ? This graph looks plausible only at the time of its publication, but after a week it may seem just reflections of a naive person. Since we are sharing thoughts here, then I will post my own on this. This is how I see the graph in a month and a neatly drawn curve again tells us that "it is quite likely that this is the bottom" 

If anything, the "true" bottom was at 6k

This is to show how all these charts are utterly irrelevant and misleading, while all these predictions and projections are as baseless as they are clueless. The price is a random walk mostly. The things which matter in these circumstances are the overall trend (which is still bearish) and fundamental, long-term factors such as halving and slow but steady adoption of Bitcoin as a store of value and wealth transfer vehicle

[gabmen]

Well, I've made this curve right now, and maybe we really reached the bottom.

Well , it's just your predictions , right ? This graph looks plausible only at the time of its publication, but after a week it may seem just reflections of a naive person. Since we are sharing thoughts here, then I will post my own on this. This is how I see the graph in a month and a neatly drawn curve again tells us that "it is quite likely that this is the bottom" 

If anything, the "true" bottom was at 6k

This is to show how all these charts are utterly irrelevant and misleading, while all these predictions and projections are as baseless as they are clueless. The price is a random walk mostly. The things which matter in these circumstances are the overall trend (which is still bearish) and fundamental, long-term factors such as halving and slow but steady adoption of Bitcoin as a store of value and wealth transfer vehicle

One of the most sensible things i've read today ☝☝☝ i agree dude. Most predictions are just personal assumptions based on just how the person feels or thinks about the market situation. You can't really say you have solid basis for predicting the price's trajectory since it's usually moving in random.

[yonjitsu]

I don't think we hit the bottom yet because as what so many expected that bitcoin's market price will not go under 5K$, and then everything seems to screw up when bitcoin indeed hit an all time low 3K$ now. We don't know if bitcoin can even reach below 3K& this year too.

[lablab03]

Just like the title says: Did we hit the bottom yet? Or will the downtrend continue?



I'm trying to get a feel for whether people are bullish or bearish. The poll will run for 10 days and people can change their vote.

  we are already at the bottom pal since the growth rate constantly decreasing on this current stage.wherein we are just now waiting for it to stabilize again but in my view  it's seems impossible to happen for now because market is still weak to regain value. 

[tukagero]

Yes we already hit the bottom, dont you notice bitcoin is stable these past these and yesterday another rally has begun, this might  the road to 7000$ or even higher.

[Wilhelm]

Yes we already hit the bottom, dont you notice bitcoin is stable these past these and yesterday another rally has begun, this might  the road to 7000$ or even higher.

We might hit a small bulltrap enroute.
We have lots of people wanting to get out without losses so a lot will exit the train enroute to da m00n.

What I am saying is "caution" we are still not fully out of the woods, tread lightly.
I do have faith in Bitcoin going up again

[Question123]

The lowest price that reached of the bitcoin is enough and it's not good to see that again and the bottom of the bitcoin we hope this year will become only $5000. During the lowest value of the bitcoin last few weeks ago I think that happened that is the right time that you can do your role as crypto trader or as investor is to invest your money again to bitcoin or to invest. Better to maintain the market now and hope increasing is happen now.

[solarion]

Presumably the downtrend won't proceed herafter since the value recuperation previously began and this can be full inversion will going to occur and we will see the bull run again on tomorrow, Now almost bitcoin reaches 4000 USD.

Be that as it may, with respect to now, we will simply need to keep a watch out on when it will go to begin. Many individuals continue asking whether there is a positively trending business sector this year without considering the way that an inversion has quite recently begun.

[BrewMaster]

i am wondering whether any of those 49% who voted for no would want to change their vote now that price is getting closer to $4k and we are about to break it. this may not be the bull run and the break may take longer than normal but bottom is so far hit and long gone.

[exstasie]

i am wondering whether any of those 49% who voted for no would want to change their vote now that price is getting closer to $4k and we are about to break it. this may not be the bull run and the break may take longer than normal but bottom is so far hit and long gone.

Mehhh. Keen in mind, this is just how sentiment works. When price is bleeding, people feel bearish. When price is rallying, people feel bullish. It doesn't mean the bottom is in just because bulls pushed the price up $900.

We have been downtrending for 14 months. We can't just declare the downtrend over because of a little upwards fart over the last 2 months. Every downtrend is littered with bull traps. We will only really know in hindsight, after many more months have passed and we've seen a long term bullish structure form.

[deisik]

i am wondering whether any of those 49% who voted for no would want to change their vote now that price is getting closer to $4k and we are about to break it. this may not be the bull run and the break may take longer than normal but bottom is so far hit and long gone

I wouldn't be so categorical

For example, in early January this year we rose well above 4k (reaching 4.4k at Bitfinex). But it still didn't prevent us from falling below 3.4k some time later. In this manner, I wouldn't actually say that the bottom was hit (let alone long gone). In other words, excessive enthusiasm is likely as bad as unbridled pessimism, and we should just stick to our guns being happy with what the market gives us (read, make money no matter what the price is)

[freedomgo]

i am wondering whether any of those 49% who voted for no would want to change their vote now that price is getting closer to $4k and we are about to break it. this may not be the bull run and the break may take longer than normal but bottom is so far hit and long gone.

It was a balance voting, but I doubt if they will change it even if the price has increase now.
Those who voted no are bearish people, they are not easily convince with a little price pump, they want to see it consistently
while those who are bullish, sometimes we are bias as we only look at the bright side that would affect the price.
I'm bullish and since $4K was achieve, I am not considering a price pull back, I'm expecting it will reach to its next stop which is $5K.

[Wind_FURY]

i am wondering whether any of those 49% who voted for no would want to change their vote now that price is getting closer to $4k and we are about to break it. this may not be the bull run and the break may take longer than normal but bottom is so far hit and long gone.

It was a balance voting, but I doubt if they will change it even if the price has increase now.
Those who voted no are bearish people, they are not easily convince with a little price pump, they want to see it consistently

But how high should Bitcoin be before they become doubtlessly convinced? $10,000? FOMO?

while those who are bullish, sometimes we are bias as we only look at the bright side that would affect the price.
I'm bullish and since $4K was achieve, I am not considering a price pull back, I'm expecting it will reach to its next stop which is $5K.

But pull back or not, has Bitcoin hit bottom?

[El duderino_]

^
we will see/know that in a few moths or so 

[gentlemand]

that simply is never going to happen. that is just absurd.

the "store of value" campaign started a year ago when fees were extremely high and people wanted to deny the fact that bitcoin stopped being a currency because of the high fees and that is the only thing bitcoin is designed for.
so people are only going to ever buy bitcoin either as an investment to make profit or as a currency to enjoy the decentralization. nothing else matters.

Store of value is the first thing that needs to drop into place, then it can become a currency after that. No one uses a currency if they don't believe it's a store of value first.

And something that's incorruptible with eventual deflation is the most obvious candidate possible to be a store of value.

As for this thread, I was expecting the last few weeks to be the muckiest time. It's been pretty quiet and smooth instead. I'm more confident of bottomness than I was at the start of the year.

[El duderino_]

that simply is never going to happen. that is just absurd.

the "store of value" campaign started a year ago when fees were extremely high and people wanted to deny the fact that bitcoin stopped being a currency because of the high fees and that is the only thing bitcoin is designed for.
so people are only going to ever buy bitcoin either as an investment to make profit or as a currency to enjoy the decentralization. nothing else matters.

Store of value is the first thing that needs to drop into place, then it can become a currency after that. No one uses a currency if they don't believe it's a store of value first.

And something that's incorruptible with eventual deflation is the most obvious candidate possible to be a store of value.

As for this thread, I was expecting the last few weeks to be the muckiest time. It's been pretty quiet and smooth instead. I'm more confident of bottomness than I was at the start of the year.

wow that and bottom in one sentence coming from you...... now i'm getting more confident
thx for the HOPIUM weekend injection

imagine majormax saying the same, that would make me overdose