worle1bm
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January 27, 2022, 06:04:59 AM |
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Good read, I'm one of the holders and this is also my stand point this time. A year ago people were happy to see 30k, now they panic at 35k.
Honestly, I'm one of those who has sold earlier and that's why I think that I'm still cool with whatever is happening in the market. It's like a cycle or it actually is. We're close again to another Chinese new year and usually when it comes, the market is really bleeding. Who knows? The whales from China or wherever they are co-celebrating and cashing out money from the market for their another "prosperous" upcoming new year. There was little fear in my mind also as prices were going down continuously and I was need of funds but didn't want to sell off my stash at these price levels but was lucky that funds were arranged from other source and i still hold onto my bitcoin investment. The fear was because of need of funds but those who are into panic sell are doing the wrong move as market trends to move both the ways up and down so why fear this.You are right on the point that few months back we were happy to see even $30k and now it's the barrier point so time changes and so our mind with it but remember btc will go up in the long run always.
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btc78
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January 27, 2022, 06:17:20 AM |
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I am opening to hearing a bullish case on cryptocurrencies, though I respectfully disagree. I think the four-year cycles are still operating and that the reason why certain metrics are off this time is not just a change in some fundamental forces, but also the maturity of the market that will bring about less meteoric bull markets (though still significant compared to more mature industries).
If you truly believe in 4 years cycle then you must not count the 2021 because it is a bullish year when supposedly that is bear from the halving of 2020? but yes I am also a believer of that span of time for the market to evaluate . We also have looming Fed rate hikes, which I think can overpower the positive sentiment that might otherwise exist. On the other hand, if we are in a bear market, it stands to reason that it may not be as extreme as previous ones due to the maturity and growth of the industry.
never that it will be like the recent because that is the effect of worldwide economy as the pandemic enters the world . so Never that same thing will come .
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herurist
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January 27, 2022, 06:31:01 AM |
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The problem is that many people are still late in making decisions, for example when the price of bitcoin goes up even to New ATH, they still want to keep going up again and even some time ago $100 was still a hot topic. and when bitcoin plummeted as it is now, they were reluctant and too late to use it to buy them instead selling their assets. this happens very often and not even just for one or two people but a lot of people
What you say is the reality that is happening today, many people make the wrong decisions. When the price of Bitcoin rises above $60k, many people choose to hold Bitcoin over selling it. Then when the price of Bitcoin is currently experiencing a decline, many people panic and sell the Bitcoin they have, so the price of Bitcoin is falling even more. I always say that it is very important to learn Bitcoin first, before finally deciding to invest in Bitcoin. So that many people understand how to make the right decisions, so at least understand how Bitcoin works. For now people who have experienced losses, don't think about leaving the crypto world, the losses we experience are lessons for us. We can start again from scratch to re-invest in crypto, especially now that the price of Bitcoin is very low, we can start to enter the market now. Remember never to panic if the price of Bitcoin falls, as long as we don't sell it, we haven't suffered a loss. this is it, even though if they don't want to be in bitcoin for the long term when the price is going up why don't they come out but when the price goes down they just come out and this is an act that tends to be stupid. learning is an important thing and indeed it is very much needed not only for beginners but for everyone because indeed it is an important thing. Crypto is not just for hype but when you really want to make a profit there then you have to be willing to sacrifice both in money, time and learning
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TheUltraElite
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January 27, 2022, 06:43:50 AM |
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I'm pretty sure we need more time to break 40k, but with Bitcoin anything is possible. S&P 500 got a little bounce yesterday but is still much lower than it was 5 days ago. Nasdaq again lower today than it was on the 20th... This Bitcoin move is fueled purely by Bitcoin itself. It can be amplified or quashed by the stocks in the coming weeks. Dont think the stock market is making the effect on bitcoin in this case, we have the habit of correlating things too much, I think they are both moving on their own accord. The fiat market in my country is dropping and bitcoin also started like that but bitcoin is now recovering while the fiat market here is still dropping. Therefore I am putting money into stocks I wished to buy at low and also placed buy orders on bitcoin at 30k. Will there ever be a time when people will set aside their emotions and stick to reason in their investments? No, because they are all humans and trading is not for them, but they will not realize that and continue to lose money and blame bitcoin for their losses. Or perhaps, to those who are selling during the dip or are selling out of fear and panic, are you overinvested? Possible, they bought at highs, a common mistake in any speculative market. Or perhaps you simply don't belong to the Bitcoin market. This line is true for many users. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
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davis196
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January 27, 2022, 06:53:15 AM |
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I've searched on Youtube by using the keyword "bitcoin" yesterday and the results were hilarious. All those clickbait videos with crazy thumbnails and all that overreaction and attention seeking. All the bombastic headlines,like "You'll be shocked,If I tell you the truth about the current Bitcoin price crash!" As if all those clowns and idiots on Youtube know the real reasons behind Bitcoin price drops. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Anyway,you are pretty much right about the current situation on the market and Bitcoin fundamentals,but I keep thinking that the Bitcoin price was overinflated back in 2020-2021 and the next 1-2 years we won't be seeing crazy 60-70K USD price levels.There's little hope that I might be wrong about this.
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Nutrient
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January 27, 2022, 07:44:31 AM |
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This post is indeed meat in due season. Thank you for taking out your time to put the out there. There is so much insights on how the market operates and why it’s reacting the way it is.
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passwordnow
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January 27, 2022, 09:31:28 AM |
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Yes and also saw it hit $38k. You don't think it's fast but I think that it was, the price have moved fast but as usual, there will be some pauses that has to happen. Like what happened after it has hit $38k, I thought that it will going to continue moving up to $39k but there's a delay somehow. But just as the usual thing for bitcoin, we don't know what's next for it and maybe a rapid move from $37k to $39k and $40k. We might say things like this are becoming commonplace in the bitcoin market, but it's always possible to see them differently than before. It is important to see bitcoin recover after the market corrected since last year. I have seen the price start to rise after experiencing a correction in the last few days. Now the bitcoin price has reached $38K, but it is still quite vulnerable to a decline. We can still expect the bitcoin price to rise above $40K by the end of January, but of course that's not guaranteed. Anyone who wants to buy must weigh the risks, also have to make their own analysis. I agree, it's always known for bitcoin that has the possibility to decline even just after the recovery. We just have to be open with all the possibilities and if we're already in this market for years, it's not surprising if it goes recover so fast and goes back to the price that we're wanting or go the opposite and starts to drop again. Yes and also saw it hit $38k. You don't think it's fast but I think that it was, the price have moved fast but as usual, there will be some pauses that has to happen. Like what happened after it has hit $38k, I thought that it will going to continue moving up to $39k but there's a delay somehow. But just as the usual thing for bitcoin, we don't know what's next for it and maybe a rapid move from $37k to $39k and $40k.
even the current price has reached the price of $33k and that's lower than the price you said. If the price continues to fall and the price may enter the $20k area. the market is bearish. the possibility of a rebound to the $40k area remains but certainly not that fast. Bitcoin was also faced with the FED's decision to raise interest rates. I think of it as a fast recovery, we're almost there but yeah as usual it has fallen again. It's $38k that was reached yesterday and didn't got to $39k and $40k. I've thought that it would be that easy but yeah, it may take time but hopefully just like how it got to $36k-$38k that fast, the same could go on. A year ago people were happy to see 30k, now they panic at 35k.
Honestly, I'm one of those who has sold earlier and that's why I think that I'm still cool with whatever is happening in the market. It's like a cycle or it actually is. We're close again to another Chinese new year and usually when it comes, the market is really bleeding. Who knows? The whales from China or wherever they are co-celebrating and cashing out money from the market for their another "prosperous" upcoming new year. There was little fear in my mind also as prices were going down continuously and I was need of funds but didn't want to sell off my stash at these price levels but was lucky that funds were arranged from other source and i still hold onto my bitcoin investment. The fear was because of need of funds but those who are into panic sell are doing the wrong move as market trends to move both the ways up and down so why fear this.You are right on the point that few months back we were happy to see even $30k and now it's the barrier point so time changes and so our mind with it but remember btc will go up in the long run always. That's nice if you've managed to keep your bitcoins and don't have to sell it, unlike on my situation before, it's just all about the thought that we'd probably reached the peak and I have the urgency to do it just for the sake profits but nevertheless, it's the opposite that has happened.
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coolcoinz (OP)
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January 27, 2022, 03:43:40 PM |
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I'm pretty sure we need more time to break 40k, but with Bitcoin anything is possible. S&P 500 got a little bounce yesterday but is still much lower than it was 5 days ago. Nasdaq again lower today than it was on the 20th... This Bitcoin move is fueled purely by Bitcoin itself. It can be amplified or quashed by the stocks in the coming weeks. Dont think the stock market is making the effect on bitcoin in this case, we have the habit of correlating things too much, I think they are both moving on their own accord. The fiat market in my country is dropping and bitcoin also started like that but bitcoin is now recovering while the fiat market here is still dropping. Therefore I am putting money into stocks I wished to buy at low and also placed buy orders on bitcoin at 30k. Bitcoin-Nasdaq correlation is at all time high. Maybe not all stocks are linked to BTC, but tech stocks are for sure. BTC had it bounce back while indexes fell 2 days back, but that's because it had corrected much more and came close to the point of mining cost. It's not easy to make bitcoin run below the cost of mining. It happened before, but we always had fast bounces above when miners refused to sell at a loss. I've searched on Youtube by using the keyword "bitcoin" yesterday and the results were hilarious. All those clickbait videos with crazy thumbnails and all that overreaction and attention seeking. All the bombastic headlines,like "You'll be shocked,If I tell you the truth about the current Bitcoin price crash!" As if all those clowns and idiots on Youtube know the real reasons behind Bitcoin price drops. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Anyway,you are pretty much right about the current situation on the market and Bitcoin fundamentals,but I keep thinking that the Bitcoin price was overinflated back in 2020-2021 and the next 1-2 years we won't be seeing crazy 60-70K USD price levels.There's little hope that I might be wrong about this. And their headlines are hilarious. "Bitcoin bloodbath, get ready for maximum pain" "bear market confirmed, it's over for bitcoin" and the same people 2 months later were saying to buy bitcoin for 60k and not miss out on the opportunity of a lifetime I'm disappointed by most youtube channels. They claim to know what's going on, claim to be crypto enthusiasts, yet every time the price moves they amplify the market sentiment by running around like headless chickens. Actually, in 2 years we'll be very close to another halving and this usually works wonders for Bitcoin. The negativity rarely drags on for more than 6 months. Just wait until 1h chart moves forward so much that the November/December drops won't fit on people's screens and they'll act like it was never there ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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Drnice
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January 27, 2022, 09:28:16 PM |
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Oh boy, with the fear index on the high gear. I guess it's time for us to start making sure that we have fiat lying around so we can make sure that we are going to buy a lot of cryptocurrencies, I know that I'm not the only one who thinks this is a good opportunity to buy crypto right now so I know that my opinion is somehow grounded in logic. Hope that everyone gets to buy crypto right now when the prices are dumping.
It's totally a downtrend except for the stable coins. Man, this is too good to enter the market but I'm still waiting for the right time to invest because it might go down further in the next few days. I'm just putting the money first in the exchange to get ready for the massive comeback. I'm sure everyone is doing the same as always and they also waiting for the right time to enter the market. This is a sure profit since we are investing in the top 10 cryptocurrencies but it is safe to say that bitcoin is the best choice right now. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FVS4gv9d%2FScreenshot-1.png&t=665&c=PEHEIA30MMEPbw) Holding at this time of the bear market is better with stable coins which is of advantage, to reduce the fear of losing everything. This truly is the very right time to buy the lows and wait for the price return for a new ATH, cause this is certain, just that one can't really tell when it will be ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) . That not being the case, a proper preparation for the market swing in price movement, setting all needful parameters ready is one right thing to do now. I think buying more of Bitcoin Satoshi is and will be more profitable this time, though ETH will have it's own moves, and some other coins like BNB, SOL. Bitcoin will be giving more profits (positively) in every shot price movement. For those who are scared of lossing everything, the best option is to put your assets on the stable coins to be at the safe side, so you can easily switch into the market when the bull run starts again.
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LUCKMCFLY
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January 28, 2022, 05:36:44 PM |
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Yes and also saw it hit $38k. You don't think it's fast but I think that it was, the price have moved fast but as usual, there will be some pauses that has to happen. Like what happened after it has hit $38k, I thought that it will going to continue moving up to $39k but there's a delay somehow. But just as the usual thing for bitcoin, we don't know what's next for it and maybe a rapid move from $37k to $39k and $40k. We might say things like this are becoming commonplace in the bitcoin market, but it's always possible to see them differently than before. It is important to see bitcoin recover after the market corrected since last year. I have seen the price start to rise after experiencing a correction in the last few days. Now the bitcoin price has reached $38K, but it is still quite vulnerable to a decline. We can still expect the bitcoin price to rise above $40K by the end of January, but of course that's not guaranteed. Anyone who wants to buy must weigh the risks, also have to make their own analysis. The truth is that for me the movements of the market are not very clear, because these are the moments where at least I am out of the market because I do not have a clear idea of what movement can occur, if the price goes up or down, the truth is, do so analysis and come to a conclusion I do not feel very sure, at least from what I have seen is that the price of BTC has already bottomed out at the $30k levels, and it is a good floor for it to push forward, my perception long-term market remains bullish.
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Ultegra134
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January 29, 2022, 10:51:09 PM |
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Great explanation, very thorough and detailed. As someone who has accomplished a decent sum of money, by simply forgetting about his wallet and moving on, I fully agree. Sometimes, despite Bitcoin performing well, there are other factors that not only affect Bitcoin, but the whole economy itself, such as the stock market. There are indexes that are closely related with cryptocurrencies, whether we like it or not. First and foremost, there are many whales who have joined the cryptocurrency scene, holding significant amounts of Bitcoin, and trust me, they are likely to be present in the stock market too.
Moreover, with the economy being at a state of depression, it's not surprising to see cryptocurrencies falling, after all, it would be astounding if they didn't, but that's way too unrealistic.
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TheUltraElite
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So anyway, I applied as a merit source :)
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February 04, 2022, 06:04:02 AM |
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The truth is that for me the movements of the market are not very clear, because these are the moments where at least I am out of the market because I do not have a clear idea of what movement can occur, if the price goes up or down, the truth is, do so analysis and come to a conclusion I do not feel very sure, at least from what I have seen is that the price of BTC has already bottomed out at the $30k levels, and it is a good floor for it to push forward, my perception long-term market remains bullish. After every bull-bear trend that starts with a sudden high or low there comes in a correction phase and a confusion phase, correction happened to drive the price back to 34-35k USD and now the confusion state as to some people selling while others buying making the price bounce between 36-38k USD. So it is not just you who is confused. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) From this level both up and down is possible depending on which trend is triggered by the biggest movement in volume. I think quick flippers are the ones who make the most in this time period while long term buyers wait it out - you dont want to end up buying/selling at the wrong direction at this time. A safer bet to buy is around 30k and sell at 40k or above. But this somewhat stagnancy might remain for this weekend before bigger movement occurs. Even the 30% crypto taxation news in India did not make much impact on this.
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JohnBitCo
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February 04, 2022, 06:29:39 AM |
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The truth is that for me the movements of the market are not very clear, because these are the moments where at least I am out of the market because I do not have a clear idea of what movement can occur, if the price goes up or down, the truth is, do so analysis and come to a conclusion I do not feel very sure, at least from what I have seen is that the price of BTC has already bottomed out at the $30k levels, and it is a good floor for it to push forward, my perception long-term market remains bullish. After every bull-bear trend that starts with a sudden high or low there comes in a correction phase and a confusion phase, correction happened to drive the price back to 34-35k USD and now the confusion state as to some people selling while others buying making the price bounce between 36-38k USD. So it is not just you who is confused. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) From this level both up and down is possible depending on which trend is triggered by the biggest movement in volume. I think quick flippers are the ones who make the most in this time period while long term buyers wait it out - you dont want to end up buying/selling at the wrong direction at this time. A safer bet to buy is around 30k and sell at 40k or above. But this somewhat stagnancy might remain for this weekend before bigger movement occurs. Even the 30% crypto taxation news in India did not make much impact on this. It's hard to tell how the market will behave near 40k level. Although the resistance is quite strong at this level but we never know the game plan of the whales. On the downside, 30k is a very good level of support and 99% the price will hold at this level. How if 30k is tested multiple times, then again this support can become weak.
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maju69
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February 04, 2022, 07:24:31 AM |
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I've searched on Youtube by using the keyword "bitcoin" yesterday and the results were hilarious. All those clickbait videos with crazy thumbnails and all that overreaction and attention seeking. All the bombastic headlines,like "You'll be shocked,If I tell you the truth about the current Bitcoin price crash!" As if all those clowns and idiots on Youtube know the real reasons behind Bitcoin price drops. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Anyway,you are pretty much right about the current situation on the market and Bitcoin fundamentals,but I keep thinking that the Bitcoin price was overinflated back in 2020-2021 and the next 1-2 years we won't be seeing crazy 60-70K USD price levels.There's little hope that I might be wrong about this. Honestly, I feel the same way as you if I search for "bitcoin" On youtube, almost all the content they convey is weightless. Yes they don't seem to really know about bitcoin, but what they are really looking for is adsense. But not a few people believe what they say. But apart from that, there is still one channel that I like to watch, and I think this youtube channel that I watch is enough to give me knowledge.
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LUCKMCFLY
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February 07, 2022, 05:00:11 AM |
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The truth is that for me the movements of the market are not very clear, because these are the moments where at least I am out of the market because I do not have a clear idea of what movement can occur, if the price goes up or down, the truth is, do so analysis and come to a conclusion I do not feel very sure, at least from what I have seen is that the price of BTC has already bottomed out at the $30k levels, and it is a good floor for it to push forward, my perception long-term market remains bullish. After every bull-bear trend that starts with a sudden high or low there comes in a correction phase and a confusion phase, correction happened to drive the price back to 34-35k USD and now the confusion state as to some people selling while others buying making the price bounce between 36-38k USD. So it is not just you who is confused. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) From this level both up and down is possible depending on which trend is triggered by the biggest movement in volume. I think quick flippers are the ones who make the most in this time period while long term buyers wait it out - you dont want to end up buying/selling at the wrong direction at this time. A safer bet to buy is around 30k and sell at 40k or above. But this somewhat stagnancy might remain for this weekend before bigger movement occurs. Even the 30% crypto taxation news in India did not make much impact on this. You are right and it is something very logical, but sometimes those things that turn out to be so elementary or so logical that they are easy to see, sometimes one gets stuck and does not see anything, sometimes that happens to me, and that is why I read the different forms to think that many people around the world have and when reading and reflecting on these ways of thinking it is as if the brain received many panoramas of the immense possibilities that the market has to do and yes, there is always much more clarity, especially for omar a decision.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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TheUltraElite
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So anyway, I applied as a merit source :)
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February 07, 2022, 05:31:59 AM |
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It's hard to tell how the market will behave near 40k level. Although the resistance is quite strong at this level but we never know the game plan of the whales. You guys saw it yesterday, 41k USD was held and today 42k close to 43k is being reached. This is a gradual correction happening. But with weak hands still trying to sell at these levels, it will take some to cross back to 45k. On the downside, 30k is a very good level of support and 99% the price will hold at this level. How if 30k is tested multiple times, then again this support can become weak. Two options, it can hold or it can break, both are good for you - why? If they break, you get a lower price to buy at and if they hold you can be rest assured that the support level is still strong. You are right and it is something very logical, but sometimes those things that turn out to be so elementary or so logical that they are easy to see, sometimes one gets stuck and does not see anything, sometimes that happens to me, and that is why I read the different forms to think that many people around the world have and when reading and reflecting on these ways of thinking it is as if the brain received many panoramas of the immense possibilities that the market has to do and yes, there is always much more clarity, especially for omar a decision. Dont read too much my man. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I mean do read, but read some good work of fiction and not the shit that is posted on the internet. The stuff that gets written on youtube (spoken I mean) and social media is just Teleology and not professionally done analysis. Just observe support/resistance levels and place orders according to them. Your point is just to make the profit from the oscillations between them.
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