What do you think about Bitcoin?

[$crypto$]

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And main problem is that you never know what is on the mind of whales: they can decide to reverse the trend any time. Of course I expect them to wait until despair will be very strong but I was wrong with big bear market forecasting so many times that now I'm sure in just one: I'm not sure in any trend!

bitcoin always surprises everyone, with the price suddenly dropping and rising. everyone wants the price to continue to improve but in the field the bitcoin price can not be determined alone.
I think bitcoin price will hit 30k again but not anytime soon. for now the bitcoin market is in an unstable state because the world economy is also in a bad state globally.

This decline cannot be predicted because it is difficult for us to determine the movement of bitcoin, but what we know is that the global economy is not doing well, including the stock world, but for sure this will have little influence, not only from the whales who control but our economy is experiencing a decline.
I believe bitcoin will bounce back my profit target in the $28k-30k price range though don't know when but we make sure to stay on their way where there will be a nice bounce ahead.

[Sang Prabu]

When I was still at the beginning of hearing Bitcoin that was used for transactions, I immediately thought that Bitcoin was the same as Paypal, Liberty Reserve and so on, so it didn't make me too caring, but after I heard someone could get a profit of more than 100% within 6 months of course made I'm curious to know more about Bitcoin.

[tbterryboy]

bitcoin always surprises everyone, with the price suddenly dropping and rising. everyone wants the price to continue to improve but in the field the bitcoin price can not be determined alone.
I think bitcoin price will hit 30k again but not anytime soon. for now the bitcoin market is in an unstable state because the world economy is also in a bad state globally.

This decline cannot be predicted because it is difficult for us to determine the movement of bitcoin, but what we know is that the global economy is not doing well, including the stock world, but for sure this will have little influence, not only from the whales who control but our economy is experiencing a decline.
I believe bitcoin will bounce back my profit target in the $28k-30k price range though don't know when but we make sure to stay on their way where there will be a nice bounce ahead.

For you maybe it is difficult because you don't know how to do it but for some, they can possibly predict if what is the real bottom because they know how to use the tools that is available in the web. The stock market is declining and I think that is because of the global crisis that we are facing now. The influence or the effect is not little because why is the crypto market also badly affected?

There are many markets that is also affected not only stocks and crypto. Bitcoin can always bounce back and I think the time for it to happen is now closer since we are now entering the second half of the year. Maybe in the beginning of July or so.

[Newlifebtc]

I wonder when the price of Bitcoin will reach $ 100k +. Because at present the approval of bitcoin is increasing in different countries. And different countries based cryptocurrencies keep coming to the market. From that point of view, it is expected that the price of Bitcoin will increase the most. But in the next few years, the price of Bitcoin will continue to rise, so long-term Bitcoin will continue to improve. What is your opinion?

it was since last year people started to speculate that bitcoin price will up to 100,000 because of people who adult people currency from different countries so the believe was that cryptocurrency will be accepted in every nation and that will make the price to increase so all these people speculation what's an individual concern and the ideology of analysing cryptocurrency but today the price of cryptocurrency is falling and they continue to fall and bitcoin have not experienced 70000 it's not even up to 50,000 since this year we believe and it will be up 100,000 after this year

[sana54210]

Yes, the geopolitical issues weren't making a big knock over the bitcoin market. Just think of the starting days of the war. The market crashed and further it moved forward. Now what is happening with the market looks like the cyclic pattern of growth where the market turns bearish at certain time interval. Compared to the past days, we can experience the external connectivity of the market. However the influence isn't experienced much over the market. The occasion at that moment is connected with the market trend and for inflation and increase in interest rates were connected.

And main problem is that you never know what is on the mind of whales: they can decide to reverse the trend any time. Of course I expect them to wait until despair will be very strong but I was wrong with big bear market forecasting so many times that now I'm sure in just one: I'm not sure in any trend!

Whales "can" do that if they want to, but sometimes it is easier for them to do that whereas sometimes it is even harder. I know for a fact that it is not going to be that easy for them to drop it even further for example. Because the price is already low, so in order to sell and drop it, they would have to accept the fact that their bitcoins will be sold for a very cheap price, whereas what we are talking about here is making a good return if they just wait up, or even buy.

So, if you were a whale, which one would you prefer, hoping to make a profit by selling for cheap and others would follow your lead? Or would you just buy more and hope that it would go up even more getting everyone hyped?

[jokers10]

Whales "can" do that if they want to, but sometimes it is easier for them to do that whereas sometimes it is even harder. I know for a fact that it is not going to be that easy for them to drop it even further for example. Because the price is already low, so in order to sell and drop it, they would have to accept the fact that their bitcoins will be sold for a very cheap price, whereas what we are talking about here is making a good return if they just wait up, or even buy.

So, if you were a whale, which one would you prefer, hoping to make a profit by selling for cheap and others would follow your lead? Or would you just buy more and hope that it would go up even more getting everyone hyped?

I would prefer to choose an unexpected strategy each time so that no one expects a trend change. To have an option of buying low and selling high. If you follow the crowd, you will never make big enough money, as you will only get leftovers.