asrinur
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January 10, 2022, 01:24:20 PM |
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Seeing the decline in prices in the last month and a half, maybe some people are afraid. not to mention the unusually long period of negative market sentiment. Therefore, I think, people can stay in fear mode for the next month or two, as Bitcoin price usually moves sideways before a decisive up or down move.
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btc_angela
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January 10, 2022, 03:50:46 PM |
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I like to think it won't happen but with all the FUD coming out in social media you will be pushed to the edge of selling your lovely bitcoins especially the new investors. They lack the drive of holding it and they want profits as fast as they can because that's what they learned in the same platform "social media". "Buy this, be rich quick" schemes and Bitcoin is being used as the face of it. No wonder we are back to $40k. That is where the strength is, the real hodlers. The question will be, who is going to buy back all those coins that was left by the soft hands? Yes, it will be the old investors again. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) When? A big question. They might be waiting, just like us. I doubt though that the recent decline is due to the FUD? It has something to do with the Kazakhstan political issue isn't it? as the bitcoin mining switch from China to Kazakhs and now there is a turmoil in that country, with no electricity sending the market into chaos as the hashing power is dropping. So in any case the price is really going to drop hard because of this inadvertently effect of what is happening in that country.
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proudhon
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January 10, 2022, 03:53:21 PM |
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Months!? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Try years. And it'll be years of fear and disappointment until the world moves on from the failed bitcoin experiment.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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sovie
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January 10, 2022, 03:58:19 PM |
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Months!? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Try years. And it'll be years of fear and disappointment until the world moves on from the failed bitcoin experiment. I can see big disappointment in your words. Was it a bad time to buy? The market situation is very nervous now and we are probably very close to panic. Still, the mood is full of hope that 2022 will be a repeat of 2021. I think February will be a month of fear, but in the end everything should end positively.
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NeuroticFish
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January 10, 2022, 04:02:32 PM |
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Months!? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Try years. And it'll be years of fear and disappointment until the world moves on from the failed bitcoin experiment. I can see big disappointment in your words. Was it a bad time to buy? Nah, he just loves to troll about the price. He's doing it for (too) many years. @proudhon, nice to see you posting again! Your presence tends to become a good signal for price starting to rise again ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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South Park
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January 10, 2022, 05:30:33 PM |
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one one hand we have Omicron and the mark that it is leaving on the world economy. on the other hand we have the bitcoin price failing to stay above $50k and all the FUD that came after that.
i can't predict the impact of all this on the price since the current $41k is already way below what the actual price should be, but i can expect a month or two of "fear" where people are scared of buying bitcoin and eventually start hoping for a drop so that they can buy more (something like what we saw during $30k period in the middle of 2021).
do you think January and possibly February could be the Fearuary months?
If to this we also add the belief people have that the past has the tendency to repeat itself, then we can see how the behavior of investors will be affected by the belief that just because the market of cryptocurrencies crashed at the and of 2017 and the beginning of 2018 that something like this could happen again, so if we add all the factors that are currently in play there is a definitely a possibility that we could see a further decrease in the price.
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sana54210
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January 10, 2022, 06:10:53 PM |
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I like to think it won't happen but with all the FUD coming out in social media you will be pushed to the edge of selling your lovely bitcoins especially the new investors. They lack the drive of holding it and they want profits as fast as they can because that's what they learned in the same platform "social media". "Buy this, be rich quick" schemes and Bitcoin is being used as the face of it. No wonder we are back to $40k. That is where the strength is, the real hodlers. The question will be, who is going to buy back all those coins that was left by the soft hands? Yes, it will be the old investors again. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) When? A big question. They might be waiting, just like us. Social media will always have people who do FUD and FOMO, right now there are two types of people, one of them says that this is the end of bitcoin and we will drop to a crazy low level, and the others are saying this is just a discount and nothing important. They are both wrong, this is not the end of bitcoin, but this is also a serious drop that takes us back a while as well. In the long run the second party is a bit more right, because in the long run I believe it will be 100k+ one day anyway, but this is taking us some time back to lower levels and it will take a while before we go back to 50k+ which we had just last year so why would going down be anything good.
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gabbie2010
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January 10, 2022, 06:46:46 PM |
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Seeing the decline in prices in the last month and a half, maybe some people are afraid. not to mention the unusually long period of negative market sentiment. Therefore, I think, people can stay in fear mode for the next month or two, as Bitcoin price usually moves sideways before a decisive up or down move.
Infact the price has not shows any sign of ending the decline, everyday the price goes dip while investors are encouraged to buy at dip yet the price continue to drop, I hope the fear in the next two months wouldn't cause more newbies hodlers dumping their coins consequently leading to more price drop, this is indeed a trying time for new investors and hodlers, I hope the price correction end soonest and bullish runs return with full force, one certainty is that the price would surely bounce back having witnessed even more correction in the past.
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carlfebz2
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January 10, 2022, 10:25:04 PM |
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Fear is normal and many small inventor s fell the fear due to dropping of BTC price but for those who are big investors that can hold BTC for so many years I think they don't have fear for this temporary dropping of he BTC price. BTC price is now very volatile and there is no easy way to predict it. But only one thing for sure and already been experience from the past holders that if we can't hold we can't be rich.
There's no exemption when it comes on getting feared on the market condition because we would be thinking that our investment will really be mainly affected which i could say that it is really normal. We do value money much and losing it will really cause up those kind of reactions since we are just human beings which it is really normal that we would really felt up that way whether you are a noob or professional. Thing differs is the frequency and level of fear to be felt. Noobs are more prone that to those who are experienced ones which is common sense.
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BuNga_cute
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January 10, 2022, 10:29:03 PM |
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Fear is normal and many small inventor s fell the fear due to dropping of BTC price but for those who are big investors that can hold BTC for so many years I think they don't have fear for this temporary dropping of he BTC price. BTC price is now very volatile and there is no easy way to predict it. But only one thing for sure and already been experience from the past holders that if we can't hold we can't be rich.
That's the reason why more newbies are afraid of the current bearish trend, because the newbie has no knowledge and experience in the crypto world. Therefore, never stop learning about the crypto world, to really understand that the price of Bitcoin is indeed very volatile. Often the price of Bitcoin falls very deep and requires patience waiting for the price to recover, so there is no need to be afraid of the current bearish trend, because the price of Bitcoin will not go down forever. Bitcoin price will surely recover soon and the price can go up very high, so we don't need to hesitate to hold until the Bitcoin price rises again to the target we want. It's true that long term investment in Bitcoin can make us rich, because the longer we hold Bitcoin, the more profit we make.
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adaseb
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January 11, 2022, 05:49:10 AM |
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I don't think this sell-off has anything to do with Omicron. It did at the beginning of December however now its mostly due to the fed decisions on tapering and increases interest rates. The stock market is basically having a kangaroo market which means it goes up one day, and down the next and then back up the next day.
People are bearish one day... bullish the next. And this is leading to many people getting chopped in the markets. And I think bitcoins future holds alot in what the stock market indicies do for the next few weeks. If we keep going to new highs on the SP500, then I can see bitcoin bottoming at $39K and going higher. maybe even a new ATH. However if the stock market keeps dipping lower, so will bitcoin since its very closely correlated.
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LogitechMouse
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January 11, 2022, 09:18:07 AM |
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We are in a spot where the investors are feeling extreme fear. If you are an intelligent investor, you know what will do when people are fearful. There is no need to say the infamous Warren Buffet's quote when it comes to investing because we know what we will do when others are fearful ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . Fear months are opportunity months for investors ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . Lets take advantage to those who are panic selling and lets buy a lower price. do you think January and possibly February could be the Fearuary months?
I think that we might see what happened in 2018. I'm hoping it will not but if it happens then I hope that all are ready for it. With the start of 2022 not good, I think that we might see those investors in fear for the first 2 months of the year.
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BrewMaster (OP)
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January 12, 2022, 05:19:02 PM |
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the panic is still there but i have to comment on the recent development that brought price up to $44k. this screwed a lot of shorters in a single upward move and they are so angry. we can even see their accounts on social media activate again after a long period of silence ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) maybe i should start a poll to see how long people think the shenanigans can go on. -snip-
oh oh a big bullish signal. Do you have any idea of what the ACTUAL Bitcoin price should be? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) $274,835.91 ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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There is a FOMO brewing...
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Devifajarina
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January 14, 2022, 07:55:08 AM |
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Now bitcoin price around $41.5k+ i think most people now are want $50k-$60k+.Bitcoin is most valuable coin and bitcoin development increase day by day.I hope bitcoin development will be more in future. This the market condition that happening around the crypto market.I Think bitcoin price will be more increase in next two moth and it will be increase in 2022 and reached to next moth $50k+.
If you say desire, maybe many people want bitcoin to reach the price of $100,000K, but that is unlikely to happen at the beginning to the middle of this year, because the correction doesn't seem to be fully healed for now, it is true that bitcoin is the only stable coin and is developing fairly well, the increase in bitcoin in the long term is also still very high, compared to the previous two years, and this year bitcoin will return to a good trend. The desire must be balanced with the Bitcoin journey on the market, if not it is just a dream we want to achieve, talking about Bitcoin inseparable from the beginning of the trip until now, the process to achieve at current prices is the development they do, coupled with the existence of other influences Make Bitcoin increasingly priceless until now, realistic indeed if people expect Bitcoin to reach high prices, but we also don't forget this year Bitcoin hasn't recovered from a correction, so what needs to be done is the recovery, to be achieved at the price that people want. That's why I mention it, haven't we seen the process of bitcoin's journey from the beginning until now, the development that was carried out to make bitcoin the first cryptocurrency at this time, the correction is not merely a reference that in the future bitcoin will be corrected at a low price, considering the market journey can not be separated from corrections and pumping, so just wait for the right time for bitcoin to pump, after the correction is complete and will return to the normal path. If so, then there is no need for an analysis of the development of bitcoin going forward, we just have to wait for the pumping of bitcoin, the initial process of emergence until now being ranked first for bitcoin is inseparable from the development, team and big promotion they do, so it's impossible for them to survive in the current position without going through the process, just waiting is not more than enough?
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lizarder
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January 14, 2022, 09:05:36 AM |
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one one hand we have Omicron and the mark that it is leaving on the world economy. on the other hand we have the bitcoin price failing to stay above $50k and all the FUD that came after that.
i can't predict the impact of all this on the price since the current $41k is already way below what the actual price should be, but i can expect a month or two of "fear" where people are scared of buying bitcoin and eventually start hoping for a drop so that they can buy more (something like what we saw during $30k period in the middle of 2021).
do you think January and possibly February could be the Fearuary months?
But I don't think it will be that long, bitcoin will find a recovery against future corrections, 50K failure will return to the green, once the correction is complete within this month or next month, the impact of the decline in my opinion is profitable, so we can buy with low prices, then save until bitcoin reaches a high price, in this case I'm sure in February or March conditions will return to normal, but for plen B we must also prepare, if bitcoin does not reach the desired price.
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carlfebz2
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January 14, 2022, 08:37:50 PM |
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one one hand we have Omicron and the mark that it is leaving on the world economy. on the other hand we have the bitcoin price failing to stay above $50k and all the FUD that came after that.
i can't predict the impact of all this on the price since the current $41k is already way below what the actual price should be, but i can expect a month or two of "fear" where people are scared of buying bitcoin and eventually start hoping for a drop so that they can buy more (something like what we saw during $30k period in the middle of 2021).
do you think January and possibly February could be the Fearuary months?
But I don't think it will be that long, bitcoin will find a recovery against future corrections, 50K failure will return to the green, once the correction is complete within this month or next month, the impact of the decline in my opinion is profitable, so we can buy with low prices, then save until bitcoin reaches a high price, in this case I'm sure in February or March conditions will return to normal, but for plen B we must also prepare, if bitcoin does not reach the desired price. Correction is inevitable or market pullbacks could really happen and it would really vary out on market conditions based up on fundamentals or doesnt really have any reasons behind at all which it do really makes things even more harder for you to analyze on.The market could neither have a long bearish season or trend and we dont know on when it would end and mind off that we had able to experience it back in the past on which it did really boggles out peoples mind on how things would be going next and fear is something a very common emotion that we do felt off from time to time on seeing these moments.
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Hypnosis00
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January 14, 2022, 10:01:57 PM |
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As having this crisis and covid-19 still exists, that always be a threat to the economic system of the government. Of course, if we keep this fear inside, we can't move on. That is why we should have to fight this feeling and become strong and have to win this, we soon surpass this situation. But what I see on the market trend, it is making good and recovering which means that people still have their support and hold their crypto rather than selling because of the existing new covid variant.
I find this not a threat anymore and I foresee a continuous recovery in the coming months.
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el kaka22
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January 14, 2022, 10:05:33 PM |
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I don't think it will be that long, bitcoin will find a recovery against future corrections, 50K failure will return to the green, once the correction is complete within this month or next month, the impact of the decline in my opinion is profitable, so we can buy with low prices, then save until bitcoin reaches a high price, in this case I'm sure in February or March conditions will return to normal, but for plen B we must also prepare, if bitcoin does not reach the desired price.
That is the thing, 50k is not that far away and just trying to even get there would be a lot of green days and that is enough to get people pumped. I know that most people do not get pumped about these things that easily anymore, but that is just the way they will change. People's perception of bitcoin changes so quickly, it goes down 5k and suddenly it is crashing and dying, it goes up 5k and suddenly it is alive all over again. So, I am guessing that all those doomster people right now that fear for the price to fall, will end up feeling like they are missing out on something if they do not buy it as soon as it starts to go up again. I can't say for sure what is going to happen, but I know that we are going to definitely have a life jacket to hold onto if we go above 44k+ levels which will start to pump people and the higher it goes the more people will join in and make it even higher.
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AmoreJaz
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January 14, 2022, 11:57:57 PM |
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As having this crisis and covid-19 still exists, that always be a threat to the economic system of the government. Of course, if we keep this fear inside, we can't move on. That is why we should have to fight this feeling and become strong and have to win this, we soon surpass this situation. But what I see on the market trend, it is making good and recovering which means that people still have their support and hold their crypto rather than selling because of the existing new covid variant.
I find this not a threat anymore and I foresee a continuous recovery in the coming months.
the dilemma of most users is the situation happening around us. but we can always use this to our advantage. while we are already in crypto market, for sure, we are rooting for some projects that will do good once the market recovers. so if you have extra funds, you can slowly buy those alts but keep yourself updated also with their news or updates. in this manner, you are not blindly investing on these coins. because if you feel that alt is somewhat giving you a negative return, you can always cash out while you are still at positive and move to another alt.
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Devifajarina
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January 15, 2022, 08:56:11 AM |
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As having this crisis and covid-19 still exists, that always be a threat to the economic system of the government. Of course, if we keep this fear inside, we can't move on. That is why we should have to fight this feeling and become strong and have to win this, we soon surpass this situation. But what I see on the market trend, it is making good and recovering which means that people still have their support and hold their crypto rather than selling because of the existing new covid variant.
I find this not a threat anymore and I foresee a continuous recovery in the coming months.
the dilemma of most users is the situation happening around us. but we can always use this to our advantage. while we are already in crypto market, for sure, we are rooting for some projects that will do good once the market recovers. so if you have extra funds, you can slowly buy those alts but keep yourself updated also with their news or updates. in this manner, you are not blindly investing on these coins. because if you feel that alt is somewhat giving you a negative return, you can always cash out while you are still at positive and move to another alt. When it comes to Alt, I am more inclined to look at the top 10 on coinmarketcap, although not all of them have ever reached a new ATH, indeed we are currently in a dilemma, market conditions have not recovered from the correction until now, but in investing we cannot rely on something that we think is right , moreover if Alt gives us a slight negative return, this needs to change the investment pattern we are doing, otherwise the investment will not yield anything.
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