The calm before the storm?

[bitgolden]

Definitely no one is arguing the fact that bitcoin price will not accelerate again, but the problem is that many people are emphasising negative concerning bitcoin price, without flashback of previous years via Bitcoin price, in 2019 and 2020, the price has not gotten to this length except in the year 2017 bitcoin price made a hugged move, so comparing the values to now, it seems that their is a lot of differences, so the price will return to initial values of 2021, let us skip prediction because predicting bitcoin price is just like assumptions, so it does not work from my perspective.

Exactly my thoughts, I know that bitcoin is volatile and unpredictable but all these guys keep trying to do it anyway, I get that it could go down to 10k I know that it can go up to 100k, why worry about it right now and let it decide on my emotions to feel scared or feel happy, I just let it be and move on with my day.

I do not even think about crypto some days, I just do what I do, I work and then I watch some movies and sleep without ever thinking about what bitcoin is doing. That is why I believe people who make a lot of analysis on the bitcoin price are just working themselves over for absolutely nothing. Is there a chance that you could predict it? There is a chance, but if you can do it today then you may not do it tomorrow and it is always a risk and that is why you should not do it at all. I can't say how much it would make you lose but it is still way too risky.

[michellee]

Actually the price never been stable since this year and currently the price now is at 34k which is if we are waiting for it to come down again before buying it, it might be late, so what we have to do provided that the fiat or physical cash is there, is to buy and keep since the price is still within the range of 30k to 40k hopping that it will increase to to 50k to 60k before the year run down.

well , i just thought $220k still play like max keiser says, many institutional come like grayscale, microstrategy, even country like el salvador , and the price just still stand under 100k , itsn't funny to you ? , i prefer storm on positive think, its not over yet.

Bitcoin will reach $220k someday, while we can enjoy the price now. And if the price is down deep than now, that will be the best time for us to buy more bitcoin because the price will increase again, although we might need a long time to see the price start increase. We hope this bearish moment will not stay for a long in the market and hopefully, everything will be back to the high price and we can make a profit.

Definitely no one is arguing the fact that bitcoin price will not accelerate again, but the problem is that many people are emphasising negative concerning bitcoin price, without flashback of previous years via Bitcoin price, in 2019 and 2020, the price has not gotten to this length except in the year 2017 bitcoin price made a hugged move, so comparing the values to now, it seems that their is a lot of differences, so the price will return to initial values of 2021, let us skip prediction because predicting bitcoin price is just like assumptions, so it does not work from my perspective.

I hope people who emphasize negative about bitcoin will regret it when they see the price start increase and make another new ATH. They will get a big regret because they already underestimate and do not believe in bitcoin that bitcoin can increase so high. I do not think seriously about the prediction that I got from other people because that will only be a prediction that can happen or will not happen later. I prefer to analyze by myself to find what is happening to the market, and if I think I can use the moment, I will try to enter the market.

[South Park]

I browse crypto Twitter from time to time and the way the sentiment shifts is crazy. Today everybody is bullish. Yesterday everybody was bearish, before that it was vice versa and so on.

We are basically trading the range here from $30-41k or so. We can stay in this range until late Aug and people are going to get chopped to bits trying to long or short this. Hence best to wait for confirmation on the upside or downside first.

If you ask me this is just one more reason to stay away from social media, I see the same, the price is not moving and it is trapped within that range which means this is not the moment to take a firm stance about the price going in one direction or the other, however if I had to guess I think the market will continue its bull run as what we saw a few moths ago with the ATH is something we have never seen before, so I do not think that was the maximum price we could reach during this year.

[Oasisman]

Probably it is a calm before the storm, I might have to sell some right now and then buy back when the prices go down again, hodling alone isn't going to be enough for me since I need to make more money because I plan to diversify.

That, If Btc price goes down.
Weak hands have probably left the market already as the mempool has been cleared out.
However, a dip might be possible because of the FUD surrounding in every social media nowadays, but it doesn't seem to be affecting the price. Let's see how it turns out in the last week of this month.
The storm could be a sharp decline or a huge bounce to $50,000.

[Kong Hey Pakboy]

Probably it is a calm before the storm, I might have to sell some right now and then buy back when the prices go down again, hodling alone isn't going to be enough for me since I need to make more money because I plan to diversify.

That, If Btc price goes down.
Weak hands have probably left the market already as the mempool has been cleared out.
However, a dip might be possible because of the FUD surrounding in every social media nowadays, but it doesn't seem to be affecting the price. Let's see how it turns out in the last week of this month.
The storm could be a sharp decline or a huge bounce to $50,000.

I think the weak hands are already back in the market, the prices are going up again. We don't know what's going to happen next but I agree with you that we just wait and see how it turns out.

[Marvelman]

It looks like Musk is up to something again ...


https://twitter.com/elonmusk/status/1408375014261395462?s=20

[BITCOIN4X]

Probably it is a calm before the storm, I might have to sell some right now and then buy back when the prices go down again, hodling alone isn't going to be enough for me since I need to make more money because I plan to diversify.

Day trader will sell their bitcoin even though the price is currently down. Different thing are done by bitcoin holder in the long term aiming to make profit in the long term and they don't think much about price fluctuation. You definitely know who will win and who will lose in these trade and investment while price keep fluctuating.

[South Park]

Probably it is a calm before the storm, I might have to sell some right now and then buy back when the prices go down again, hodling alone isn't going to be enough for me since I need to make more money because I plan to diversify.

That, If Btc price goes down.
Weak hands have probably left the market already as the mempool has been cleared out.
However, a dip might be possible because of the FUD surrounding in every social media nowadays, but it doesn't seem to be affecting the price. Let's see how it turns out in the last week of this month.
The storm could be a sharp decline or a huge bounce to $50,000.

I think the weak hands are already back in the market, the prices are going up again. We don't know what's going to happen next but I agree with you that we just wait and see how it turns out.

I do not know, weak hands are by definition weak, they will only enter the market once it is clear we are recovering and even if the price has gone up during the previous days we are still below the resistance level that is at 40k, to me what we are seeing is just the whales buying coins while at the same time trying to not move the market that much, then once they think we are ready for another round they will let everyone know they are buying, the price will go up and some weak hands will come back to the market.

[mr500]

The price move slowly therefore it seems what will happen next is it grow or is it down, this confusion every person's mind who invest in the cryptocurrency market .I think it's time to move your Bitcoin right now, if you've used a non-SegWit wallet, it's better to move them now into the Segwit wallet address which you can set into a lower fee and have full control over your Bitcoin.
It's checked and it was around 5 sats for the minimum fee and now, 1 sats?  This is the first time it is seen the minimum fees into the network is 1sat. It means the Bitcoin network isn't congested, good to see if the transaction .

[Fatunad]

The price move slowly therefore it seems what will happen next is it grow or is it down, this confusion every person's mind who invest in the cryptocurrency market .I think it's time to move your Bitcoin right now, if you've used a non-SegWit wallet, it's better to move them now into the Segwit wallet address which you can set into a lower fee and have full control over your Bitcoin.
It's checked and it was around 5 sats for the minimum fee and now, 1 sats?  This is the first time it is seen the minimum fees into the network is 1sat. It means the Bitcoin network isn't congested, good to see if the transaction .

Cant really tell much because its always been like this on where its really unpredictable on where it would be going or heading specially if its really moving sideways on where certain trends could really make out some new
move neither it would go down or go up basing on some conditions whether its a positive one or negative one or doesnt really have any viable reasons at all. If you've been here on this market for a while
then you do see the ups and downs on where events and sentimental that could possibly affect the current price which causes for it to move on unexpected manner.
Thing here is that you do know on how to position yourself.

[STT]

Musk just loves memes, if Bitcoin doesnt appear to do anything exciting he grows bored and wants to move onto other things.  Well thats been true for some large periods of time in BTC, progress is not always fireworks its building the background to the moves thats happen.   He has space rockets who can blame him, really I want him to be the one to do something exciting but Im not sure he will do that much with or for BTC.

[Kemarit]

The price move slowly therefore it seems what will happen next is it grow or is it down, this confusion every person's mind who invest in the cryptocurrency market .I think it's time to move your Bitcoin right now, if you've used a non-SegWit wallet, it's better to move them now into the Segwit wallet address which you can set into a lower fee and have full control over your Bitcoin.
It's checked and it was around 5 sats for the minimum fee and now, 1 sats?  This is the first time it is seen the minimum fees into the network is 1sat. It means the Bitcoin network isn't congested, good to see if the transaction .

You spoke too early mate, the price seems to be moving on a uptick, prices now approaching the big resistance level of $48,000 again. I don't understand what you mean moving it, maybe you are referring to some wallets that you don't have control. First lesson is that you have to store your precious Bitcoin in a wallet that you have the private keys like Electrum.

Network though is up, fees has increased obviously because of the current surge, nevertheless it is still cheap, IMHO. So let's see how far this bull run will go, hopefully we can get back above $50,000 or even topple the last high we have last month which is $52,000. It's just the 3rd day of the month and a lot of things can happen.

[rincoeng1986]

Actually the price never been stable since this year and currently the price now is at 34k which is if we are waiting for it to come down again before buying it, it might be late, so what we have to do provided that the fiat or physical cash is there, is to buy and keep since the price is still within the range of 30k to 40k hopping that it will increase to to 50k to 60k before the year run down.

well , i just thought $220k still play like max keiser says, many institutional come like grayscale, microstrategy, even country like el salvador , and the price just still stand under 100k , itsn't funny to you ? , i prefer storm on positive think, its not over yet.

heard the price of bitcoin $220k in the following years, it seems I dreamed of hearing it. although it's possible, but it takes a lot of time, maybe 5 years or more. to penetrate back to the $62k figure after yesterday's price correction at $38k, it's really difficult to redeem after 4 months or more. I expect next year at least can reach $ 100 thousand only.

[tygeade]

It is not calm right now, it is contrary to that and the price is already back to high prices. We should remember that we were down to 30k prices just a few months ago, from 64k to 30k happened very quickly and stayed there for months before we went to above 40k prices. Right now, when the price drops to 40k people act as if that is the end of the world like that is not 30%+ increase from what we were just a few months ago.

I believe that if we are calm about this 40k+ prices, doesn't matter if it is 41k or 49k, if we are calm about it then we could end up seeing 50k+ prices and even 60k+ prices again as well. All we need to do is not to overreact to them.

[DeathAngel]

We’re flirting with 50k right now, we seem to have absorbed & recovered from all the FUD they can throw at us. Whales have been silently accumulating for months now, there is going to be a supply shock soon & we are going to moon.

[STT]

50k as a ceiling is imaginary but we do have negative trends ongoing in the very highest prices.   The biggest of this year to oppose BTC was the Dollar index regaining its losses of 2020 and its failed to do so, it threatened more then once but I dont think its going to occur so BTC isnt especially negative in dollar terms.  There is only the question of profit taking which is a constant cycle of supply and passing of old buyers to new, I still imagine we take another 6 months of pass the parcel.
  The storm I think is not a great sell off, that would just be repetition.  The storm will be the breakthrough of the ceiling overhead, then we have new ground and with weak dollar unrestrained price action likely occurring, white waters.

[carlfebz2]

We’re flirting with 50k right now, we seem to have absorbed & recovered from all the FUD they can throw at us. Whales have been silently accumulating for months now, there is going to be a supply shock soon & we are going to moon.

Lucky to those people who had get in when it dipped down to 42k and able to get in before the market starts to make some rally.We cant really be sure if this would continue and past 50k again and would go

further until on 60k level point.The calm before the storm? This is something we could only presume but not an assurance that we could see that the market had reached all time highs.

Just be wise and make out decisions according into your risk management and dont hurry up yourself on making out decisions.

[NeuroticFish]

50k as a ceiling is imaginary

Keep in mind that traders are people and people love nice round numbers. I wouldn't be surprised that once we touch 50k many will sell/cash in, hence dropping the price (at least for a while).

further until on 60k level point

I think that's a bit early to discuss about 60k yet.

The calm before the storm?

You know that the topic was created in June and the market has already proven me wrong, right?

[savetheFORUM]

Actually the price never been stable since this year and currently the price now is at 34k which is if we are waiting for it to come down again before buying it, it might be late, so what we have to do provided that the fiat or physical cash is there, is to buy and keep since the price is still within the range of 30k to 40k hopping that it will increase to to 50k to 60k before the year run down.

well , i just thought $220k still play like max keiser says, many institutional come like grayscale, microstrategy, even country like el salvador , and the price just still stand under 100k , itsn't funny to you ? , i prefer storm on positive think, its not over yet.

heard the price of bitcoin $220k in the following years, it seems I dreamed of hearing it. although it's possible, but it takes a lot of time, maybe 5 years or more. to penetrate back to the $62k figure after yesterday's price correction at $38k, it's really difficult to redeem after 4 months or more. I expect next year at least can reach $ 100 thousand only.

Right now good thing happening we are staying $40K to $49K mean it's not bad at all and next stop can be around $60K to $70K if it's going to happen in near future or in early months of 2022 then surely we are going to touch first big milestone of $100K, and then we are not going back.

Last few months was very good as we have some good mass adoption and some good voices from economical struggling countries for talking about bitcoin because now they are feeling it's a better way to handle this corrupt system and bringing some transparency which is very important for progress of any society.
 
Bitcoin is naturally volatile, and It's never been going to any control, so many will feel more freedom and have better future with this adoption.

[ethereumhunter]

I think we already see the storm is starting leaving the market as bitcoin start rising again and many altcoins follow increase. Hopefully, that will change a whole market to a better situation and we will see a bull run coming again. Once the bitcoin gets another bull run, the altcoin will be behind bitcoin and will increase. So you can prepare to set your target price to sell because that time will come again.