bitcub (OP)
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June 10, 2021, 12:41:58 PM |
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Hey guys I just sold all my BTC while the price was $59000. What do you think will be the dip for this bear market? $19k? At what price should I buy BTC again with the best possible profit.
Any one with price prediction?
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jackg
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https://bit.ly/387FXHi lightning theory
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June 10, 2021, 12:44:23 PM |
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I'm thinking $25k-$30k. I think $30k will be a hard resistence to break though and just cashing in at almost double would've been worthwhile imo...
If we're still in the main bull run (as most of us believe) we probably won't go much less than half the most recent ath.
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bitcub (OP)
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June 10, 2021, 01:00:09 PM |
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Nice, thank you for your suggestion. Might consider buying half at 30K, I am still looking for more opportunities. May be buying ETH the other half. I'm thinking $25k-$30k. I think $30k will be a hard resistence to break though and just cashing in at almost double would've been worthwhile imo...
If we're still in the main bull run (as most of us believe) we probably won't go much less than half the most recent ath.
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$crypto$
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June 10, 2021, 02:04:12 PM |
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I continue to observe and digest better with what I have in this bear market trend to make sure bitcoin won't be as low as 19k as you would expect, but I see bitcoin just falling around 30k and it will recover again to 37- 39k as it is now, then fell again to the range of $30k, now this pattern can be a benchmark where I should buy more precisely, I think $30k is also good considering that events like this are still repeating until now. (in my view) But the June-July moment is still quite long, of course there will be changes, I think you can see the pattern you understand.
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thecodebear
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June 10, 2021, 03:08:26 PM |
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Don't think we're in a bear market. Seems likely we're still in a long term bull market, we just finished the first stage of it and Bitcoin is bottoming now (or soon). $30k may very well have been the bottom, but of course still very possible it goes into the $20k's for a bit. I thought it was gonna break $30k a couple days ago but instead recovered and shot up to $38k! Still I'd say getting down to $25k or so is very much on the table until we see it stop dropping down to low $30k's and it confidently breaks above the $40k-$42k area that has been resistance so far.
June and July I think we'll either see it bottom in the mid-20s and start getting bullish again shortly after that by end of the summer, or $30k will hold and June and July will be bottoming in the $30k's and breaking out and moving back into the $40k's by end of July. First scenario (longer lower bottom) I think would lead to getting back $45k or $50k by end of year, ready to push to new ATHs by end of next winter. Second scenario I think would lead to starting to hit new ATHs by end of year and perhaps $100k by the start of next Spring. Other option is this is a bear market and it's heading down to $20k or less and will stay there for months and next year will be in the teens and 20s, though that seems very unrealistic and I don't take that possibility seriously.
I think institutions were getting wary of buying Bitcoin after it got up into the 5x/6x+ territory in just a handful of months. Once they stop worrying about Bitcoin price falling further I think we'll see the next wave of institutions (notably public corporations) getting into Bitcoin in the $40k's/$50k's as those prices will seem like a much safer entry point in the next few months after Bitcoin has spent most of 6+ months at these sorts of prices rather than having just gone up like 500%.
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Ararbermas
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June 10, 2021, 03:14:17 PM |
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Hey guys I just sold all my BTC while the price was $59000. What do you think will be the dip for this bear market? $19k? At what price should I buy BTC again with the best possible profit.
Any one with price prediction?
for now there's no specific information of this current situation of the market wherein very unpredictable to be honest due to some fuds that still the weakness of some holder at this moment.. I suggest make your own technical analysis mate or watch some live stream of some traders that making speculation about the situation wherein if you want to obtain information such what's the possibility after all this correction even panic selling is ended. And lastly for your last question.. Of course its always good to buy dip especially when you see it that making changes to go upward again because that's the real sign of bullish indeed, unlike riding without such sign because you don't know what will be the next direction, for short very skeptical..
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Lucius
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June 10, 2021, 03:34:00 PM |
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Hey guys I just sold all my BTC while the price was $59000. What do you think will be the dip for this bear market? $19k? At what price should I buy BTC again with the best possible profit.
You have to be careful with what you wish, because if it really comes true for you, then it's over with the profit you imagine. A return to the values that were last year would mean that we will stay there for a very long time. If you really want to be greedy, place your orders at $19k and pray to the goddess of greed to listen to your wishes - you may be lucky enough to buy at that price - but also to witness an even bigger drop after that.
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fara_buduk
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June 10, 2021, 04:11:07 PM |
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When you ask about the price, even though you have sold it here I conclude that you are unsure of what you are doing and hope to buy at a very significant price and hope to return to its original position I think you should study more so that you can make decisions that are in accordance with price movements because this is not forex that can reverse direction instantly
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jackg
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June 10, 2021, 06:55:10 PM |
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Nice, thank you for your suggestion. Might consider buying half at 30K, I am still looking for more opportunities. May be buying ETH the other half.
If you don't set a limit you might have a problem with timing it. I sold at $44k and woke up to see we'd already hit the $30k point i was planning to buy back at - it was a few hours after I'd originally sold - so instead bought a little higher, you might end up the same way not leaving an order that could be filled. Eth at 0.08, I could probably see it going to 0.15 but that might be while btc is falling and entering a bear cycle, for the time being btc is more well known and secure.
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jostorres
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June 10, 2021, 08:19:15 PM |
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Hey guys I just sold all my BTC while the price was $59000. What do you think will be the dip for this bear market? $19k? At what price should I buy BTC again with the best possible profit.
30k is likely the bottom and I do not think that we will see anything below that. I am not saying it is impossible but by the looks of it it is quite difficult and I wouldn't bet against it. Sure it could still drop under 30k but that has to be another big bear run and I do not see any bear run coming in anytime soon which is why buying right now or a bit lower is the best you can do if I am right. Obviously if we buy right now and another great bull run happens that doesn't mean that you should stay in bitcoin, there are other coins that could make you a decent run, alt season was cut short this time around and I believe there are plenty of places where you can make 3x to 5x profit while bitcoin does x2 in a bull run. That of course means you have to be very careful which ones you are buying.
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jossiel
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June 10, 2021, 09:27:27 PM |
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You should've bought when you saw it drop to $31k. Maybe that would be the last drop that we're going to see until it goes back to $40k.
It had reached to $38k again and trying to break the barrier of $40k so if it so happen to break that barrier, you should have start picking from $31k-$36k while you can.
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judaspriest
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June 10, 2021, 10:59:26 PM |
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Hey guys I just sold all my BTC while the price was $59000. What do you think will be the dip for this bear market? $19k? At what price should I buy BTC again with the best possible profit.
Any one with price prediction?
wow you are really lucky to be able to sell Bitcoin at a price of $59k, if you haven't bought bitcoin until now it's better you start now buying Bitcoin gradually, especially since bitcoin has been retested several times to support $30k to $31k, of course it can be made to get some profit from there, oh yeah don't do futures trading if you don't want your money to disappear
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Ziskinberg
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June 10, 2021, 11:29:14 PM |
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Hey guys I just sold all my BTC while the price was $59000. What do you think will be the dip for this bear market? $19k? At what price should I buy BTC again with the best possible profit.
Any one with price prediction?
At first, I would like to say congratulations, you never miss the train. Looking at the trend, it has less possible that we even drop below $30k. For how many times that we get closer to it but we just stop at $32k, now we are getting back high again. If you want to invest again, this was the time for it, wait, let the price just dump a few bucks again.
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SaShiRaJaVu
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June 10, 2021, 11:47:21 PM |
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Hey guys I just sold all my BTC while the price was $59000. What do you think will be the dip for this bear market? $19k? At what price should I buy BTC again with the best possible profit. I am expecting the price to go below $20k when the bear market starts but it is hard to predict how low it can go, since you already sold at a good price it is always better to have some patience and wait for the market to enter the bear phase before investing again. I am yet to be convinced that we are near the bear circle as we might even see another rally this year before the bear market kicks in and that is what i am expecting.
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mhine07
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June 11, 2021, 12:25:55 AM |
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Hey guys I just sold all my BTC while the price was $59000. What do you think will be the dip for this bear market? $19k? At what price should I buy BTC again with the best possible profit.
Any one with price prediction?
Wait for the moment when bitcoin drops below $20k, that is the best time to buy again bitcoin and gain more profits when it hits the $60k price again. But i think it will not drop the price at $20k, who knows what will gonna happen to bitcoin price in the future. All you have to do now is to wait for bitcoin to go down again in value.
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TravelMug
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June 11, 2021, 03:55:29 AM |
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Hey guys I just sold all my BTC while the price was $59000. What do you think will be the dip for this bear market? $19k? At what price should I buy BTC again with the best possible profit.
Any one with price prediction?
Wait for the moment when bitcoin drops below $20k, that is the best time to buy again bitcoin and gain more profits when it hits the $60k price again. But i think it will not drop the price at $20k, who knows what will gonna happen to bitcoin price in the future. All you have to do now is to wait for bitcoin to go down again in value. Well then it will be a waiting game for him, what if bitcoin never drops $20k? So for me it's better if you have bought bitcoin at around $30k-$32k, currently that is the best price to go get in. Buy half of your funds and probably some alts like Ethereum. So if at least we hit that all time high of $64k again, at least you have doubled your investment. It might not happen very quick though, maybe the end of the year will be a good gauge whether we are really in the bear market, or as most of the predictions, going to 6 digits. So it's a win win situation for a $30k-$32k buy-ins.
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thecodebear
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June 11, 2021, 05:00:01 AM |
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I think for the people that expect this is the beginning of a long bear market and it's gonna go below $20k, they're likely gonna be quite disappointed. This doesn't seem anything like past big bear markets. I'd say its very likely price will be in another uptrend by end of year, possibly even by end of summer. I do expect a few more months of sideways before that though. But its possible $30k doesn't break and going under $20k just feels like the people who were waiting for $1000 bitcoin in 2019 when it was clearly bottoming in the $3000s. You have the first nation state adopting bitcoin. You have Wall St and banks and fintech continuing to open up new bitcoin markets. You have prominent wealthy investors continuing to talk about the importance of Bitcoin. You have companies in the west talking about plans to open up new renewable plants for bitcoin mining in response to the energy FUD, you have another half billion dollar buy coming up from Microstrategy, you have a major new bitcoin upgrade about to take place, and outside Bitcoin you have Cardano and Polkadot ready to become fully operational in the next few months, you have NFTs and DeFi continuing to make waves (though they extreme hype has died down a bit). Basically you have the whole market continuing to expand, but the shitcoin hype led by Musk and so on blew up and between that and an extreme phase of FUD against bitcoin we've simply got a pause in the bull market. Since the start of the year I've been saying I expect a many-year bull run, that is more gradual and has like 3-6 month pauses that result in 50% or so drops in between bullish phases. I did think it'd go over $100k before we got the first pause and so didn't expect a drop until the Fall, but oh well can't get everything right! ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) This all so far looks to be playing out to this prediction. Smaller shorter bull runs with long corrections that keep things from getting so overheated that we'd end up with another crypto winter. If this is right we should expect the bottom to be around $30k, possibly a little lower if there is a strong wave of panic at some point during the next month or two - though so far extreme energy FUD + Musk FUD + regulation FUD + ransomware FUD + China mining FUD + the normal anti-bitcoin FUD all on top of each other have failed to keep Bitcoin below about $34k or $35k for very long. The more times low $30k's gets fiercely rejected the more it's gonna make the market see $30k as the bottom, and Bitcoin is taking extreme FUD and kept on bouncing the past few weeks. And within a few months it'll be climbing back up to the yearly highs and surpass them in the Fall or Winter.
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gantez
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June 11, 2021, 12:59:35 PM |
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Hey guys I just sold all my BTC while the price was $59000. What do you think will be the dip for this bear market? $19k? At what price should I buy BTC again with the best possible profit.
Any one with price prediction?
You have predicted $19k and the price locking around $36k, the difference around $17k is what the risk is. So are you ready to take up such risk before the reversal starts happening? This means that you are going to put your initial profit from investment and that can work for you if price didn't drop to $19k. It is the risk to take as nobody can be correct in predicting price.
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Reid
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June 11, 2021, 01:11:32 PM |
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$30k is already safe. That's if it will reach that price again which I doubt. Before the pump that happened with the news regarding the "billionaire" it was at $36k too. We could say it was the bottom and it could be playing at that price regardless of what FUD that was spread or a hype that was made. If I do have the funds to buy, I'll do it now. There is just no good reason for another dump to happen. The billionaire loss his followers and they are stuck now with no reason to sell since it will just rekt some investment they made. They will be waiting for another $60k before they could ROI.
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bitzizzix
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June 11, 2021, 06:51:20 PM |
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Hey guys I just sold all my BTC while the price was $59000. What do you think will be the dip for this bear market? $19k? At what price should I buy BTC again with the best possible profit.
Any one with price prediction?
The most important thing is that you make a sale in a profitable situation when the bitcoin price is still at 59K. and the decline in the price of bitcoin has happened repeatedly and has not touched below 30K which I think the price of 30K is the right choice to make a purchase and is very strong so I don't think the price drop that you expect will never happen, don't waste your chance because the price of bitcoin started to move up slowly.
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