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Author Topic: The good moves of Bitcoin.  (Read 555 times)
StreakW
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December 29, 2021, 03:32:17 PM
 #21

In my opinion, Bitcoin price movement is still on the decline. From the chart, the current price movement still doesn't give any sign of accumulation or a possible reversal to bullish and if the support area breaks down at $44k, then most likely the price will go to the $39k area.

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December 29, 2021, 07:42:40 PM
 #22

In my opinion, Bitcoin price movement is still on the decline. From the chart, the current price movement still doesn't give any sign of accumulation or a possible reversal to bullish and if the support area breaks down at $44k, then most likely the price will go to the $39k area.

Every time Bitcon hits $50k-$51k prices, it's sure to drop in price soon after. It seems that it needs more positive news regarding Bitcoin,
to make the Bitcoin price continue to rise to reach the ATH price. But as long as the support price at $44k is still strong, there's nothing
to worry about, at least Bitcoin will move sideways. Hopefully the Bitcoin price won't fall below $44k, because I don't want to see the Bitcoin
price continue to fall. Even though it is actually still being said that Bitcoin is in a bearish trend, but as long as we all don't panic and stick with
holding Bitcoin we have, everything will be fine. So we really don't have much choice in the current situation, other than being patient with
the current situation.

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December 29, 2021, 08:08:12 PM
 #23

Do we really know the good moves of Bitcoin and the nature of the market.
although no body is hundred percent sure on the moves of Bitcoin, If you think you know it all about Bitcoin it will definitely disappointed you. we can only be close on or prediction but not hundred percent correct.
we do try by studying the market and know the demand, This will help us know how the movement of the market and the flows of the market through the chat.
everyone should contribute on this topic and tell us there different opinions and ideas.
is good if we can know the good moves of

Well, that exactly why they say Bitcoin is a highly speculative asset, because nobody knows what happens with the price next, the least we can do is to speculate, and through speculations we can influence the price action in crypto market.
Even those financial experts and other self proclaimed experts really doesn't know the future of Bitcoin some of then didn't even know what they're talking about.

And you know what's the good move of Bitcoin? It's volatile as always, but the value of Bitcoin is increasing each and every year pass.

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December 29, 2021, 08:33:36 PM
 #24

Do we really know the good moves of Bitcoin and the nature of the market.
although no body is hundred percent sure on the moves of Bitcoin, If you think you know it all about Bitcoin it will definitely disappointed you. we can only be close on or prediction but not hundred percent correct.
we do try by studying the market and know the demand, This will help us know how the movement of the market and the flows of the market through the chat.
everyone should contribute on this topic and tell us there different opinions and ideas.
is good if we can know the good moves of

Well, that exactly why they say Bitcoin is a highly speculative asset, because nobody knows what happens with the price next, the least we can do is to speculate, and through speculations we can influence the price action in crypto market.
Even those financial experts and other self proclaimed experts really doesn't know the future of Bitcoin some of then didn't even know what they're talking about.

And you know what's the good move of Bitcoin? It's volatile as always, but the value of Bitcoin is increasing each and every year pass.
That makes bitcoin more unique. We know we can't predict its price correctly but we are certain that its value is going upward in every year that comes. And you will only do better and create good opportunities in bitcoin if you never stop learning from it and keep updated with its current trends and events. The fact that bitcoin remains volatile is a  big challenge for us that we end up with educated guesses that have solid basis.

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December 29, 2021, 09:43:05 PM
 #25

Talking about it isn't going to sway the outcome.  You could ask people about their opinions about where to place a bet on a Roulette wheel, but no one know that for sure either.  Some people might guess correctly, but many will also give an answer that turns out to be wrong. 

The safest advice is to only gamble what you can afford to lose.  The more adventurous advice is to keep an eye on current events and attempt to use those to make educated guesses about market movements.  But they'll still be guesses.

You know there is a greater chance of loss than of winning at gambling. If I place 10 bets in Roulette and If I am lucky on that day I might be win 5 max and loss the rest. So in this case it is o to say the statement "only gamble what you can afford to lose".

But in Bitcoin, If I look back, from 2010 to 2021 there is no loss if you hodl tight, only looser lost their funds by investing in Bitcoin cause they are looser. So it is not like gambling to investing money in Bitcoin, it is safe heaven to store your asset.
They are just using gambling as an analogy of the unpredictability of the markets, after all while the markets do not really move at random they move in such a way that makes them impossible to predict as well. Also while without a doubt if you look at the charts it could seem as if it is impossible to lose if you invest in bitcoin the reality is that the majority does, after all not everyone has been invested in this market for that long, and due to the volatility people take mistaken decisions and sell their coins for a low price instead of holding them as they should.
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December 29, 2021, 10:34:55 PM
 #26

Do we really know the good moves of Bitcoin and the nature of the market.
although no body is hundred percent sure on the moves of Bitcoin, If you think you know it all about Bitcoin it will definitely disappointed you. we can only be close on or prediction but not hundred percent correct.
we do try by studying the market and know the demand, This will help us know how the movement of the market and the flows of the market through the chat.
everyone should contribute on this topic and tell us there different opinions and ideas.
is good if we can know the good moves of

Well, that exactly why they say Bitcoin is a highly speculative asset, because nobody knows what happens with the price next, the least we can do is to speculate, and through speculations we can influence the price action in crypto market.
Even those financial experts and other self proclaimed experts really doesn't know the future of Bitcoin some of then didn't even know what they're talking about.
And you know what's the good move of Bitcoin? It's volatile as always, but the value of Bitcoin is increasing each and every year pass.
For some, volatility serves as a great barrier when it comes to bitcoin adoption but when it comes to bitcoin as an investment, its the thing that gives us thrill and excitement that we find ourselves still attached to bitcoin.

However, the good moves of bitcoin is not always visible as only crypto enthusiasts have the ability to see its real worth and value.
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December 30, 2021, 02:44:45 AM
 #27

You cannot predict the good moves of Bitcoin as well as its bad moves. What you can be sure of is that if you take a look at the larger picture you will see that Bitcoin is generally making a good move. From zero a decade ago to $46,000 today. That is enough to make a bigger prediction that 10 years from now the price of Bitcoin will certainly grow multiple times.

However if you try to predict the small movements of Bitcoin, it is impossible to be accurate. So you better predict the long term.
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December 30, 2021, 06:04:02 AM
 #28

Do we really know the good moves of Bitcoin and the nature of the market.
although no body is hundred percent sure on the moves of Bitcoin, If you think you know it all about Bitcoin it will definitely disappointed you. we can only be close on or prediction but not hundred percent correct.
we do try by studying the market and know the demand, This will help us know how the movement of the market and the flows of the market through the chat.
everyone should contribute on this topic and tell us there different opinions and ideas.
is good if we can know the good moves of
We do not know where bitcoin will move but we can predict where bitcoin will be, although we can not get accurate predictions.
From the prediction we already made, we can make a strategy for what we should do when the price is up or down to use the moment for our benefit.
Studying the market will be necessary regard the market will always be volatile and move to any price and if we think that we do not have to enter the market, we should not try because that can make it difficult to buy or sell.
Only research and analysis will help us know what we need to do so we do not get in the trap of the market.

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December 30, 2021, 06:41:26 AM
 #29

Do we really know the good moves of Bitcoin and the nature of the market.
although no body is hundred percent sure on the moves of Bitcoin, If you think you know it all about Bitcoin it will definitely disappointed you. we can only be close on or prediction but not hundred percent correct.
we do try by studying the market and know the demand, This will help us know how the movement of the market and the flows of the market through the chat.
everyone should contribute on this topic and tell us there different opinions and ideas.
is good if we can know the good moves of
No one can guarantee bitcoin's future journey, no matter how great the predictions people make, the truth rate is definitely below 80%, even though the prediction space is wide open for everyone, but what needs to be understood is that the prediction is not a reference to the truth, a great example of bitcoin predictions this year, many people say that bitcoin will reach 1 billion, but the journey is not so, even tends to decrease from previous predictions.
Maybe the moving of bitcoin will not be as fast as people think because as we see how bitcoin prices up to and down so far, it seems the price needs more time to increase and back to the last ATH and that will not come back so soon. But people still want to wait for the next highest price of bitcoin and even if that means they need to wait for more than 2 years later, they will still wait for more.
I don't see this year as a bitcoin increase in the maximum price, the correction that occurred made bitcoin stall at the current price, to reach a new ATH I don't think this year will ever happen for bitcoin, but as you said, People are still waiting Bitcoin price increases to the maximum price, even to wait for that time it will take a year or two at the earliest, let's see if it will happen or vice versa.
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December 31, 2021, 05:46:54 AM
 #30

In my opinion, Bitcoin price movement is still on the decline. From the chart, the current price movement still doesn't give any sign of accumulation or a possible reversal to bullish and if the support area breaks down at $44k, then most likely the price will go to the $39k area.

Starting Wednesday 12/29/2021 the price of bitcoin has decreased below $48k until now the price movement of bitcoin is still at $47,218.10.
And now the price of Bitcoin is likely to move towards the point of “maximum pain”
Maybe what you say is true if the price of bitcoin will drop to $44k.
Who really cares if bitcoin price drops that low? remember that we have experience even below 30k this year from climbing almost high as 70k.

so Yeah I will take that opportunity to buy more than selling now or in the 2022 start.
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December 31, 2021, 06:09:38 AM
 #31

Do we really know the good moves of Bitcoin and the nature of the market.
Yeah, anyone who has been watching the bitcoin market for years, definitely will have definite idea on how bitcoin market will react to its support and resistance levels. The basics of nature of bitcoin market is not different from all other markets.

If you think you know it all about Bitcoin it will definitely disappointed you. we can only be close on or prediction but not hundred percent correct.
Even advanced technical analysis do fail which means the volatility of bitcoin market is highly unpredictable. So, when a prediction disappoints you, how quickly you are correcting yourself makes you successful and sustainable in markets.

we do try by studying the market and know the demand, This will help us know how the movement of the market and the flows of the market through the chat.
Chart patterns are good way to predict the market directions. But, we need strong knowledge on different technical analysis to interpret the chart formations. There are multiple chart recognizing strategy are available, mastering them will help anyone to predict the market accurately.

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December 31, 2021, 09:03:05 AM
 #32

Do we really know the good moves of Bitcoin and the nature of the market.
although no body is hundred percent sure on the moves of Bitcoin, If you think you know it all about Bitcoin it will definitely disappointed you. we can only be close on or prediction but not hundred percent correct.
we do try by studying the market and know the demand, This will help us know how the movement of the market and the flows of the market through the chat.
everyone should contribute on this topic and tell us there different opinions and ideas.
is good if we can know the good moves of
No one can guarantee bitcoin's future journey, no matter how great the predictions people make, the truth rate is definitely below 80%, even though the prediction space is wide open for everyone, but what needs to be understood is that the prediction is not a reference to the truth, a great example of bitcoin predictions this year, many people say that bitcoin will reach 1 billion, but the journey is not so, even tends to decrease from previous predictions.
Maybe the moving of bitcoin will not be as fast as people think because as we see how bitcoin prices up to and down so far, it seems the price needs more time to increase and back to the last ATH and that will not come back so soon. But people still want to wait for the next highest price of bitcoin and even if that means they need to wait for more than 2 years later, they will still wait for more.
I don't see this year as a bitcoin increase in the maximum price, the correction that occurred made bitcoin stall at the current price, to reach a new ATH I don't think this year will ever happen for bitcoin, but as you said, People are still waiting Bitcoin price increases to the maximum price, even to wait for that time it will take a year or two at the earliest, let's see if it will happen or vice versa.
Bitcoin has been making a price decline even at the present but i think this will only be temporary and won't last for long. I believe bitcoin will eventually recover its price sooner but if we will witness a bearish season right after this correction, then it may take a year or less than a year to see bitcoin starts to skyrocket again. But the good thing about bitcoin is, whatever its current condition, it will never become stable having a low price. It will always bound to reach new ATH once the market manifests an incoming bullish trend.

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December 31, 2021, 10:44:20 AM
 #33

Nothings going to happen even if every single person in the world were to talk about what they think of how Bitcoin would move. It's a volatile market that follows the logic of supply and demand, no amount of analysis could be enough to understand it and say that you can predict what would happen correctly all the time, cause if it really was possible, you'd see a lot of people who has won every trade they did. It would always be a 50/50 chance, no matter what, that's just how it is.

Predictions and analysis just raise the owners confidence level, but definitely not the chances of it happening

 
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December 31, 2021, 09:21:30 PM
 #34

In my opinion, Bitcoin price movement is still on the decline. From the chart, the current price movement still doesn't give any sign of accumulation or a possible reversal to bullish and if the support area breaks down at $44k, then most likely the price will go to the $39k area.

Starting Wednesday 12/29/2021 the price of bitcoin has decreased below $48k until now the price movement of bitcoin is still at $47,218.10.
And now the price of Bitcoin is likely to move towards the point of “maximum pain”
Maybe what you say is true if the price of bitcoin will drop to $44k.
Who really cares if bitcoin price drops that low? remember that we have experience even below 30k this year from climbing almost high as 70k.

so Yeah I will take that opportunity to buy more than selling now or in the 2022 start.
@StreakW and Roidz, according to the facts. The Bitcoin market to have experienced some major dump in price during the last week of the year and also experience a huge market correction after 12months of halving effect bullish market though this may change due to the institutional investors.

@Chato1977, some people care about this because they are arbitrage or day trader and if the market continues to make an unpredictable trend it will affect their profit.

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December 31, 2021, 10:19:47 PM
 #35


Predictions and analysis just raise the owners confidence level, but definitely not the chances of it happening

Meaning, we can't make the future of Bitcoin fall into our hands as it moves freely without our huge influence. I can see that whales and market influencers making it different from the usual trend but this never gives the reason that we certainly know what will happen next. Even we spend 24 hours studying the market flow, this never makes us know what gonna happen in the future.

*Bitcoin never moves according to the plan.
*Bitcoin is still unpredictable no matter what we do, this can never be changed.
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January 01, 2022, 03:56:43 AM
 #36

Do we really know the good moves of Bitcoin and the nature of the market.
although no body is hundred percent sure on the moves of Bitcoin, If you think you know it all about Bitcoin it will definitely disappointed you. we can only be close on or prediction but not hundred percent correct.
we do try by studying the market and know the demand, This will help us know how the movement of the market and the flows of the market through the chat.
everyone should contribute on this topic and tell us there different opinions and ideas.
is good if we can know the good moves of
No one can guarantee bitcoin's future journey, no matter how great the predictions people make, the truth rate is definitely below 80%, even though the prediction space is wide open for everyone, but what needs to be understood is that the prediction is not a reference to the truth, a great example of bitcoin predictions this year, many people say that bitcoin will reach 1 billion, but the journey is not so, even tends to decrease from previous predictions.
Maybe the moving of bitcoin will not be as fast as people think because as we see how bitcoin prices up to and down so far, it seems the price needs more time to increase and back to the last ATH and that will not come back so soon. But people still want to wait for the next highest price of bitcoin and even if that means they need to wait for more than 2 years later, they will still wait for more.
I don't see this year as a bitcoin increase in the maximum price, the correction that occurred made bitcoin stall at the current price, to reach a new ATH I don't think this year will ever happen for bitcoin, but as you said, People are still waiting Bitcoin price increases to the maximum price, even to wait for that time it will take a year or two at the earliest, let's see if it will happen or vice versa.
Bitcoin has been making a price decline even at the present but i think this will only be temporary and won't last for long. I believe bitcoin will eventually recover its price sooner but if we will witness a bearish season right after this correction, then it may take a year or less than a year to see bitcoin starts to skyrocket again. But the good thing about bitcoin is, whatever its current condition, it will never become stable having a low price. It will always bound to reach new ATH once the market manifests an incoming bullish trend.
The condition of bitcoin this year is quite confusing, almost the same as in the previous two years, bitcoin experiences small corrections almost every month from month to month, despite the fact that everyone knows the level of stability of bitcoin itself, I also realize this correction will return to normal, but it will take less time more than a year to be on a safe path, currently bitcoin is very suitable for buying both short and long term investments, there is nothing to worry about at this time, I think we should be able to see a great opportunity to invest in bitcoin.
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January 01, 2022, 10:02:00 AM
 #37

Do we really know the good moves of Bitcoin and the nature of the market.
although no body is hundred percent sure on the moves of Bitcoin, If you think you know it all about Bitcoin it will definitely disappointed you. we can only be close on or prediction but not hundred percent correct.
(....)
If so, we should try to look on the fundamental side of Bitcoin right now, not on the technical part like on the charts, because as you said nobody is hundred percent sure about the moves. So it is much better to look at the fundamental side like the adoption, number of transactions, the block halvings, and volume being transacted on the Bitcoin network.  Because for sure, the long term is good for this, this is the move that I consider good for Bitcoin.

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January 01, 2022, 10:24:30 AM
 #38

Do we really know the good moves of Bitcoin and the nature of the market.
although no body is hundred percent sure on the moves of Bitcoin, If you think you know it all about Bitcoin it will definitely disappointed you. we can only be close on or prediction but not hundred percent correct.
(....)
If so, we should try to look on the fundamental side of Bitcoin right now, not on the technical part like on the charts, because as you said nobody is hundred percent sure about the moves. So it is much better to look at the fundamental side like the adoption, number of transactions, the block halvings, and volume being transacted on the Bitcoin network.  Because for sure, the long term is good for this, this is the move that I consider good for Bitcoin.

Right, and the thing with bitcoin's fundamentals is that is getting stronger by the day.

If might not reflect to the price per se, but the network is more secure than ever, transaction block times are very quick, thus confirmations are cheap as well and fast.

Of course, bitcoin price movement is very unstable and no one can predict it accurately, everyone is just making a guess actually.

 
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January 01, 2022, 10:59:15 AM
 #39

Meaning, we can't make the future of Bitcoin fall into our hands as it moves freely without our huge influence. I can see that whales and market influencers making it different from the usual trend but this never gives the reason that we certainly know what will happen next. Even we spend 24 hours studying the market flow, this never makes us know what gonna happen in the future.

*Bitcoin never moves according to the plan.
*Bitcoin is still unpredictable no matter what we do, this can never be changed.
That doesn't mean that studying the market flow is useless though. It's like tidbits that make up the entirety of what the market would, or at least, part of the many possibilities there is. Naturally, Bitcoin would never move according to plan, it's because it doesn't follow any since every trader there is are the ones who set up on how the market would move.

Honestly, it'd probably be better to look at what Bitcoin is as a currency and invest with that kind of mindset. That way, you can have an idea of the value it itself has now, and the possible value it has on the future (which is why I just hodl tbh).

 
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January 02, 2022, 09:21:16 PM
 #40

Do we really know the good moves of Bitcoin and the nature of the market.
although no body is hundred percent sure on the moves of Bitcoin, If you think you know it all about Bitcoin it will definitely disappointed you. we can only be close on or prediction but not hundred percent correct.
(....)
If so, we should try to look on the fundamental side of Bitcoin right now, not on the technical part like on the charts, because as you said nobody is hundred percent sure about the moves. So it is much better to look at the fundamental side like the adoption, number of transactions, the block halvings, and volume being transacted on the Bitcoin network.  Because for sure, the long term is good for this, this is the move that I consider good for Bitcoin.
Besides looking at the fundamentals of bitcoin it is also important to look at the fundamentals of the other assets it is competing against, and if we take a look at other fiat currencies things are not looking good for them, even if governments are trying to blame inflation to all kind of external factors they are unable to hide that inflation is raising and that it is their fault, and if this high inflation keeps going on for years then this can only benefit bitcoin as people will finally understand why something like it exists at all.
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