hugeblack
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May 25, 2022, 10:12:51 AM |
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The only rule that we may have learned is that the price is going against expectations. All expectations were positive during the last period and it is the first time, we started hearing about the possibility of returning to 20K levels or less, and therefore in the long term we are in a good position.
Unfortunately, the coming months are economically bad, and therefore I do not think that we will witness many positive things, but I really hope that we will get levels higher than 50K before the end of the year (meaning that the recession period of less than 30k will be next year)
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Pejoh Asu
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May 25, 2022, 10:19:44 AM |
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Surely this is sad because the price of Bitcoin is dropped, many panic so that it sells and makes the market down, but I'm sure the Pope is happy with this condition, they continue to buy while spreading FUDS and looks successful, this is what makes the allegation that Bitcoin is controlled less than 10K People are right and they will soon pump, so it's better if we buy.
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palle11
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May 25, 2022, 02:01:44 PM |
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Surely this is sad because the price of Bitcoin is dropped, many panic so that it sells and makes the market down, but I'm sure the Pope is happy with this condition, they continue to buy while spreading FUDS and looks successful, this is what makes the allegation that Bitcoin is controlled less than 10K People are right and they will soon pump, so it's better if we buy.
If the allegation is to go then it should not be an issue because even in the real world, manipulation happens and it is done by the big buyers, they buy in the time of plenty which becomes cheap and hord it till the time of scarcity to sell at higher price.. likewise with what happens in the crypto market so if 10k people are hodling large amount of bitcoin, it is just as it is in real situation.
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thevoyager23 (OP)
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May 25, 2022, 02:58:33 PM |
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The only rule that we may have learned is that the price is going against expectations. All expectations were positive during the last period and it is the first time, we started hearing about the possibility of returning to 20K levels or less, and therefore in the long term we are in a good position.
Unfortunately, the coming months are economically bad, and therefore I do not think that we will witness many positive things, but I really hope that we will get levels higher than 50K before the end of the year (meaning that the recession period of less than 30k will be next year)
Money being moved into Gold, silver, commodities futures and real estate during times of panic? Then in a year or so after this so called recession fiat will pour back into more risky investments?
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ethereumhunter
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May 25, 2022, 03:01:07 PM |
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Surely this is sad because the price of Bitcoin is dropped, many panic so that it sells and makes the market down, but I'm sure the Pope is happy with this condition, they continue to buy while spreading FUDS and looks successful, this is what makes the allegation that Bitcoin is controlled less than 10K People are right and they will soon pump, so it's better if we buy.
I hope you don't panic. The whales are very happy with the current situation where the price of bitcoin has fallen by half from yesterday's high ATH and many predictions say that the price could fall even deeper. If this happens, the panic will continue and people will be selling their bitcoins quickly before the price drops any further. I think it's better to wait a bit as the situation remains uncertain but if you feel this is a good time to buy, do your analysis first and be careful when placing buy orders.
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thevoyager23 (OP)
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May 25, 2022, 03:08:13 PM |
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HAS THIS THREAD BEEN TAKEN OVER BY FUD BOTS?!?!?!
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skarais
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May 25, 2022, 03:20:31 PM |
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Money being moved into Gold, silver, commodities futures and real estate during times of panic? Maybe Yes/No, but not too influencing a lot of bitcoin holders who really believe in the huge potential in the future. We are not talking about outsiders who don't like bitcoin investment, they can do whatever they want but when we talk about bitcoin investors then maybe we will know that it will be hold (most of them) even in tough times. Unfortunately, the coming months are economically bad, and therefore I do not think that we will witness many positive things This caused a lot of concern among investors, they are afraid that a lot of negative things will happen during this year where the bitcoin price could fall even deeper. Many hope that it will not happen, but who knows even if sometimes the price going against expectations.
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istiak2277
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May 25, 2022, 03:59:35 PM |
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The thing is, at the moment we're in unprecedented times. The past bull runs didn't have pandemic which effectively halted the world for a few months. Also, past bull runs weren't effected by the very real possibility of a looming recession, one that probably will be the biggest most people see in their lifetime.
I do not think this pandemic or this war has anything to do with crypto. There are some effects that can be seen, but they show the same market pattern we have seen after every bull run. So in my opinion, those events didn't cause any major changes in the market. What has happened is obviously just following the previous pattern. I am saying this because we have seen how crypto market start pumping when stock and forex was crashing due to the pandemic. Defi concept bring that momentum which ended with metavarse and web3 concept.
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darewaller
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May 25, 2022, 09:31:49 PM |
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I do not think that 10-12k is possible, in fact I do not think that 20k is that much possible unless something major happens again. We all know that we were doing fine at 35k+ before Luna deal happened, but when you take out billions and billions out of the crypto world, that is expected to have a huge impact and we dropped to nearly 25k levels because of that.
If we are that low after such a huge impact, and still managed to get over 30k, then we shouldn't really consider under 20k as a possibility unless something major happens. This is the moment when everything makes or breaks, we could go up instead of down very soon as well.
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lixer
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May 26, 2022, 05:28:41 AM |
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To me there has only been 3 big bull runs... We are just slipping down from that 3rd one now.
The 2013/2014...... 2017/2018..... and the 2020/21......
The first 2 both lost 85% before reversing upwards.. Can we expect the same now?
We keep hearing "INSTITUTIONAL ADOPTION" and a bunch of other buzzwords but why wouldn't it be similar?
If we are to go 85% down from November ATH we can expect a $10,000 - $12,000 BTC..
Although the flag pole from the obvious bear flag that formed since November 17th takes us to $17/18k BTC..
According to your representation above. We can see that every 4 years there's a bull run that occurs. I am afraid that the next bull run is going to be felt on the year 2024 which could be true? Since the halving is also set on this date. It's going to be a long wait then (around 2 years) but for someone that can't wait that long, they can still do something. They can set another plan like doing shorter term investing or they can also do trading since our goal is to take advantage of the small pumps or frequent fluctuations. This can be the only way to make a profit during that time frame. Whichever the price you state above comes true, I think people won't have a choice but to accept it. Price can still recover anyway
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thevoyager23 (OP)
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May 26, 2022, 08:10:26 AM |
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I am pouring my time and energy into understanding market psychology, charting, patterns, fundamentals and forming my main buying signals.
Exciting time it is to be entering or riding a bear market down, who knows what goodies we will find at the end of the red brick road!
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Pejoh Asu
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May 28, 2022, 10:24:30 AM |
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Surely this is a fact that is difficult to forget that the 4 -yearly trend is repeated, the thing I hope is Bitcoin not dropped anymore below $ 20K, it will be difficult to rise if the price of Bitcoin is below $ 20K, and maybe this year we will be in the price range $ 25k to $ 40k.
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Wind_FURY
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May 28, 2022, 12:13:07 PM |
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I looked at BTC on the MONTHLY and zoomed out to "ALL" and looked at the RSI..
To me there has only been 3 big bull runs... We are just slipping down from that 3rd one now.
The 2013/2014...... 2017/2018..... and the 2020/21......
The first 2 both lost 85% before reversing upwards.. Can we expect the same now?
We keep hearing "INSTITUTIONAL ADOPTION" and a bunch of other buzzwords but why wouldn't it be similar?
If we are to go 85% down from November ATH we can expect a $10,000 - $12,000 BTC..
Although the flag pole from the obvious bear flag that formed since November 17th takes us to $17/18k BTC..
Would love to hear some thoughts.
WE ARE? Isn't THAT another one of the biggest golden opportunties to purchase Bitcoin? ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Because, ser, if you're not HODLing Bitcoin, what would you be HODLing? There can NEVER be another "blockchain" that would become "a Store of Value". It's already Bitcoin. The developers of other coins had 10 years, and every one of them failed.
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Joshapat
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May 28, 2022, 01:58:17 PM |
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Surely this is a significant decline compared to 2018, when ATH in 2017 reached $ 19K but in May the price was still more than $ 10K or only a decrease of about 30%, but if you see the current market conditions I am sure that the trend 4 years ago will not be Repeated, maybe June will soon rise to the level of $ 40K.
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btc_angela
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May 28, 2022, 02:07:58 PM |
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Surely this is a significant decline compared to 2018, when ATH in 2017 reached $ 19K but in May the price was still more than $ 10K or only a decrease of about 30%, but if you see the current market conditions I am sure that the trend 4 years ago will not be Repeated, maybe June will soon rise to the level of $ 40K.
I'm not really sure if $40k is achievable this June. I mean the selling pressure is very strong right now and obviously because of it the price keeps going down hard even though there are no short term reasons for the sell off. So let's just face the fact that maybe the price could really go down hard this year and a -85% might soon happen. On the bright side, why not take advantage of it, buy and as what others have been suggesting, just hold on our precious bitcoin instead of selling it right now.
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Oasisman
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May 28, 2022, 02:31:01 PM |
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I do not think that 10-12k is possible, in fact I do not think that 20k is that much possible unless something major happens again.
What kind of "major" happening that you think would trigger Btc's price to fall on that level? Coz as far as I know, everything is possible for Bitcoin. The level of possibilities that some people believed Bitcoin to reach $100k this year is the same as the possibility for Bitcoin to crawl back to $10k level. And that "Major" thing that you've mentioned would be the people selling their bags.
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Renampun
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May 28, 2022, 06:31:59 PM |
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The only rule that we may have learned is that the price is going against expectations. All expectations were positive during the last period and it is the first time, we started hearing about the possibility of returning to 20K levels or less, and therefore in the long term we are in a good position.
Unfortunately, the coming months are economically bad, and therefore I do not think that we will witness many positive things, but I really hope that we will get levels higher than 50K before the end of the year (meaning that the recession period of less than 30k will be next year)
the rule we have to remember is Bitcoin is a volatile asset... the price may not always be positive (bullish market) there will definitely be times when the market is volatile and makes a negative trend (bearish market). newbies will definitely not understand this (volatile market) so when a bearish trend occurs, they will immediately panic and sell. new BTC ATH is bound to happen sooner or later.
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STT
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May 28, 2022, 06:52:37 PM |
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If 1 BTC is transacted publicly at 12k I could believe that occurs, sharp spike and a sell at any price order but I dont think we'll have great volume in that way. I used to buy sell BTC every day and the range of prices is something you wont believe but most of its tiny amounts not actually significant towards the global price. The harshest price will be quite brief, its quite valid to be buying the 20's and call it a good price for multi year usage or hold. Depends what you are scared of, not all prices are equal not every day has an equal amount of volume its all quite lumpy. If somebody sells at the lowest possible price not seen for years they are gifting the buyer, do we care about this so nice of them to be generous or perhaps they had no choice as it was on leverage but it doesnt have to alter my own perspective.
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Oilacris
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May 28, 2022, 08:10:20 PM |
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In those previous times, we had an exponential bubble before the 80%+ crash. There was no exponential bubble this time, so I don't expect the pullback to be as severe.
This is actually the difference, yes we could really see some patterns but we should always be considerate when it comes to other aspect or factors which are still present or not really that relevant at all. In speaking with that exponential bubble which is definitely precise i would say and its something that we couldn't really see as of today basing in overall adoption and recognition. Although the possibilities is there if the market tends to follow those technicals but we know that it wont really be that precise as always yet this market could neither follow or fucked up any analysis out there that has been made.
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sayaya17
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 28, 2022, 09:39:56 PM |
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Surely this is a significant decline compared to 2018, when ATH in 2017 reached $ 19K but in May the price was still more than $ 10K or only a decrease of about 30%, but if you see the current market conditions I am sure that the trend 4 years ago will not be Repeated, maybe June will soon rise to the level of $ 40K.
Even though Bitcoin is having a hard time getting above $30k again right now, but I'm pretty optimistic Bitcoin won't drop as much as -85% of the ATH price. Especially with many institutions investing long-term in Bitcoin, Bitcoin shouldn't drop below $20k again. We must have faith that Bitcoin has a bright future and hopefully Bitcoin will recover soon in June. In a few days we will enter the month of June, although the Bitcoin price recovered in June, it seems difficult to expect Bitcoin to return to its $40k price in June. Sometimes we have to be realistic in determining the targets we want, based on the results of my analysis Bitcoin will recover in June, and the possible price target in June is Bitcoin will be around $32K-$35k. But because the price of Bitcoin is very volatile, my prediction might be wrong, so we really have to be more careful in making decisions. What is certain is that Bitcoin is very profitable if we can be patient holding Bitcoin until it reaches the target we want.
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