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Author Topic: Another month of March  (Read 796 times)
Ozero
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March 01, 2021, 06:52:05 AM
 #41

Can we leave clairvoyance out of the equation please? Let March and all the other months be ... months! Market conditions saw a slight decline which is also good to prepare the ground for future legs up.
We all know what happened last year but let that be an unprecedented series of events as it cannot happen again!
Now such a situation has just arisen that even a long correction will benefit the overall growth of the cryptocurrency market. Bitcoin has risen too rapidly in value over the past few months, and previous corrections were small and short-lived. For the market to recover, a good correction is needed.
The bear market will probably not come now. There is still a great expectation of the market growth on the part of its participants. Therefore, even if prices fall or stagnate in March, this will be compensated by good growth in the future.
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March 01, 2021, 07:24:35 AM
 #42

I hope the current bearish trend will end in March, if we look at the strong support price at $ 45k. It makes sense that the price of Bitcoin can
suddenly increase in March, especially since many institutions have decided to invest in Bitcoin.

I'm not concerned about when it'll end, I'm concerned more about when the bullish trend will end. If it only lasts a few more weeks or months, then it'll be quite a difficult thing to comprehend for Bitcoin, where there is no more big rally to look forward to and the ATH was only almost 3x the old one.

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March 01, 2021, 07:59:05 AM
 #43

I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.

What you think this coming month (March) will bring?

So far today the market is not looking good base on the chart below and for the bitcoins and ETH, it's already a big downfall. Now comes the courageous investors, if they think this kind of scenario will be just temporary. after some downtime of the price it will continue to rise again, then most of them will just wait for the lowest possible price this month and soon we will see the price again to spike or it might even create another new ATH when most of those people come back again to invest in cryptocurrencies.


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March 01, 2021, 08:23:01 AM
 #44

What you think this coming month (March) will bring?
March is the worst month for Bitcoin (or maybe the best?). In the last March, we saw a drop on $5k and then afterwards, all the way up. In my opinion, March is a good month if you want to buy and a terrible month to sell. I regret for not buying on $5k, but I didn't know about bitcoin. I found out about it, once I made by account here and it took a while to understand it.

As for the question, I believe we'll see some dumps, so if you've bought to hodl, this is your first test to prove that you're the master of your feelings and not the opposite.  Smiley

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March 01, 2021, 08:28:01 AM
 #45

I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.

What you think this coming month (March) will bring?

From those scattering fuds around for sure many will think about having a bad faith on holding crypto by the month of March that's why expect a dump so if you are afraid to hold and see some reds on your portfolio well maybe you should sell off if you are still in profit right now since provably you will get panic if dumping will start and sell at loss. But if you believe that this year is different and can able to hold for future gain well you don't need to get affected on those dump fud hearsay since as we can see Bitcoin and other cryptocurrency always show a good renounce after so many years especially when bull market strikes or alt season came so it's still good to hold even if we suffer for bear season on the month of March.
this March is a good time for cryptocurrencies purchasing since many people will sell their bitcoin hearing these crap about bitcoin's upcoming suffering in this month. if you believe satoshi, HODL. if not, sell when you can make profit. Aviod getting your feathers ruffled. Grin
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March 01, 2021, 09:09:50 AM
 #46

Speaking of the cryptocurrency trend during the month of March, it not always dump in price and footing the previous historical data of the Bitcoin market, the market was bullish during the month of March in the year 2017.
My conclusion about a certain to be dump market is that no month is permanent the month for dip market and it was the practice of every cryptocurrency traders, investors etc. that determine the trend of each month.
Having said that, I expect this month trend to be different since the crypto market is in another stage of traffic from institutional investors.

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March 01, 2021, 10:35:03 AM
 #47

I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.

What you think this coming month (March) will bring?

I believe the month of March is the month for Reset of everything. Its like this month is for relaxing or laying low in something that we are interested in and its a time in which we can find ourselves doing something that energizes ourselves. I also believe that it can be a good thing for Bitcoin users because they can see on how much volatility happens within the Cryptocurrency Industry. Its also a good thing to take a breather and think about the decisions that we have made whether its profitable or it will bring loss.

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March 01, 2021, 10:44:48 AM
 #48

I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.

What you think this coming month (March) will bring?
We're already in March and, to be honest, this is really exciting for me...
still very clear in our minds that March last year was the moment when the price of Bitcoin was below $ 5k. all Bitcoin lovers would expect the price of Bitcoin to fall so that they have the opportunity to buy again at a cheap price, but are we given another chance. *I'm preparing a few hundred dollars to buy btc when the big correction arrives

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March 01, 2021, 10:48:19 AM
 #49

I hope the price halves, that wil shake out some of the weak hands, and give me a chance to buy some more. Smiley

Weak hands have already sold believing that it is impossible for BTC to reach more than $20k or maybe $30k, which was to be followed by a correction of at least 50%. I don't understand why people expect such big corrections that don't make much sense this year - this is the year of big investments and the year that comes after halving.

There’s always a chance of some big dip happening, but I personally don’t hope for that - there was quite enough time for cheap shopping, winter is behind us and we should enjoy crypto spring Cool

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March 01, 2021, 11:07:10 AM
 #50

I hope the price halves, that wil shake out some of the weak hands, and give me a chance to buy some more. Smiley

Weak hands have already sold believing that it is impossible for BTC to reach more than $20k or maybe $30k, which was to be followed by a correction of at least 50%. I don't understand why people expect such big corrections that don't make much sense this year - this is the year of big investments and the year that comes after halving.

There’s always a chance of some big dip happening, but I personally don’t hope for that - there was quite enough time for cheap shopping, winter is behind us and we should enjoy crypto spring Cool

Big dip is theoretically possible, but it can't sustain for long. Because there is not enough supply in the market to keep the prices low for more than a week or two. Mining supply has dried up due to block reward halving. Supply from individual investors has been reduced to a trickle, because those who were holding for short-term and those who were susceptible for panic selling have already sold their stash. Supply from online shops is now a fraction of what was there a year ago, because of lower usage resulting from high fee levels. Now the remaining coins are being held by whales and institutions, and they are unlikely to sell their coins at this point.
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March 01, 2021, 11:07:33 AM
 #51

You can’t predict the prices easily. Months doesn’t matter. No matter what the result is, we just have to acknowledge the risks. If the market goes down, it’s an opportunity to buy more Bitcoin at discount prices. If it goes up, you can take out the profits before it will be going down without warning.

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March 01, 2021, 11:24:54 AM
 #52


What you think this coming month (March) will bring?

Well, this year's March is so different than the rest from the last 10 years. Though March usually is the start of the bearish run, but I don't think it'll happen this time. Institutions and rich individuals ain't done buying yet, even the retail investors.
Big companies and even governments are coming into Bitcoin.
As we all notice, Btc tends to bounce back each correction and that goes on every time Btc had an excellent run breaking a lot of strong resistance. Im quite sure we'll see Btc back to $50,000 in the coming days.
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March 01, 2021, 02:17:33 PM
 #53

On the first day of March, we see the bitcoin price gets a good movement and back to $47,500, and hopefully, the price can still increase and back to $50k this month. If that can happen, the chance to back to the next high price, such as $53k-$55k, will wide open, and that will be only a matter of time for bitcoin to back on every high price that already touched before. This year can bring a good year for bitcoin because the big companies' adoption helps bitcoin grow.



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Golftech
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March 01, 2021, 02:29:18 PM
 #54

What you think this coming month (March) will bring?
March is the worst month for Bitcoin (or maybe the best?). In the last March, we saw a drop on $5k and then afterwards, all the way up. In my opinion, March is a good month if you want to buy and a terrible month to sell. I regret for not buying on $5k, but I didn't know about bitcoin. I found out about it, once I made by account here and it took a while to understand it.

As for the question, I believe we'll see some dumps, so if you've bought to hodl, this is your first test to prove that you're the master of your feelings and not the opposite.  Smiley


We don't know if history will repeat itself since there are many new big players now inside the market,
there are investors who are willing to buy those cheap coins when they've seen opportunities.

Hoping toenter the market and try to wait for another pump. Currently,
the market is again bouncing back and seems that we do see good run.
Just don't forget to do your DYOR it brings benefits to pick the right place for
your investment.
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March 01, 2021, 03:42:08 PM
 #55

Quote
I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside?
No, even though the market what to down in this month of March, it will be the dump of preparation  of  bitcoin price to hit higher. Despite the price decreased yesterday does not mean the price of bitcoin will still repeat itself again in this month of March like the way it happened last year March when the price was decreasing from the beginning of the month.
The price of bitcoin will not decreased more than $40k before it will move to it normal position $50k before the end of this week. This month of March will be the best month to all bitcoin users who always believed in the spirit of holding.

davis196
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March 02, 2021, 06:09:31 AM
 #56


What you think this coming month (March) will bring?
I will remain optimistic that March will still be good or favour bitcoin.

(1) the market remains bullish, the recent downtrend is somewhat like a 'norm', as every month we have to see some healthy correction;
(2) Institutional investors are still buying in the dip that might push the price again next month;
(3) I'm not expecting anymore FUD, or least the market will not be affected by it in a negative way;
(4) for average joe, if March turns out bad, then it will be a good buying opportunity for us as well.


1.We still don't know if the market will remain bullish.There's not enough data for such prediction.
2.I don't see institutional investors buying the dip.Perhaps you have some insider information. Grin
3.The FUD against BTC will continue forever.The problem is that people pay more attention to FUD,when the markets are going down.
4.I agree with that.March is usually bad,but everything will be alright in the end of 2021.(I hope so Grin)

cryptomaniac_xxx
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March 02, 2021, 06:27:52 AM
 #57

On the first day of March, we see the bitcoin price gets a good movement and back to $47,500, and hopefully, the price can still increase and back to $50k this month. If that can happen, the chance to back to the next high price, such as $53k-$55k, will wide open, and that will be only a matter of time for bitcoin to back on every high price that already touched before. This year can bring a good year for bitcoin because the big companies' adoption helps bitcoin grow.
It's around $48k-$49k, saw yesterday that it is attempting to break $50k barrier but it wasn't enough to push the price though. But we are just barely this March, anything is possible, and just like the first two months of the year, it went on correction, but we have bounce back and then put up a good all time high. So I'm still expecting that it will be the same this month, breaking $50k again and even goes to $60k.

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March 02, 2021, 07:06:15 AM
 #58

Frankly speaking, am a little worried but not as much as I was in the last bull run time. That March month was really horrific. But this time, entities like Microstrategy have invested in Bitcoin when the price was 52k USD that too of 1 Billion Dollars. So it's a little relief for a small trader like me, but uncertainty is the mother of crypto so we just have to keep our hopes up and wait.
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March 02, 2021, 07:43:11 AM
 #59

I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.

What you think this coming month (March) will bring?
If  you are talking about last year, then there was a reason why the price started to tank so badly. When the lockdowns were implemented and covid was spreading, people were panicking. They started to sell everything and get cash. If you remember, even the stocks plummeted badly. The whole economy was affected negatively. The same happened with bitcoin and other crypto currencies. People started to sell off their coins and others followed. The good thing was, the price started to recover real quick while the stocks and the economy still suffered. I am almost sure, the same thing won't repeat this time.

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March 02, 2021, 07:50:18 AM
 #60

I don't believe in calendaristic nonsense unless there is a real, rational reason for people to cash out from crypto on March because of some kind of event, but there is NONE. The data we have from previous years is not statistically representative IMO and even if it were it is just a statistic. The context is different now than in any other year. This is just FUD for retail if you ask me.

If you wish to decrease your Bitcoin exposure do it because you have made a sound analysis of the market and your financial situation, not because we've entered the first month of spring. lol
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