From Sideways to Downhill

[serjent05]

It looks like reaching the $17k price is possible.  It is the weekend, and obviously, crypto holders often sell out during these days. AT the current price of Bitcoin at $18526 if sell-off happen I am afraid there is not much resistance before it hits the $17k  floor.

It's still going to look like that because regardless of anything this is likely to happen but I don't think there's anything to worry about because in bears anything can happen and maybe even the lowest point in this bearish season is worse than we thought. guess.
Now the $20k is gone and it would be better to just keep waiting if you have some spare funds because it will look good later even if we have to wait a little longer.

Indeed there is nothing to worry.  Bitcoin price will rebound after this bear market but the question is when.  I believe this bear market will last for another 10 months.

[MCobian]

And we're now officially below $20.000, currently trending at $19.000. The market went downhill in just a matter of a few hours and is doomed to crash even further in the upcoming days. Okay, let's be honest, I expected it to crash below $20.000, but the signs are currently showing that a further drop down to $16.000-$18.000 is almost inevitable.

It's just a matter of time for BTC to hit lower than your price range, between $16k and $18k. Feel pretty shit how we could get to this low and bypass all the resistance walls that fast. There is no floor here, I expect it could go low as $10k.

To be honest, I believe you're right. It's already at $18.200 and continues losing in value. I never expected to fall so quickly, practically ignoring any resistance. I'm really hoping that it doesn't fall so much, however, it's almost a lost cause, there's not much to do now but wait. Selling now would be a disaster, although it's bound to crash even further in the next 48 hours.

The exact same thing had occurred to me in 2018, it crashed so badly that I was disappointed enough to abandon Bitcoin for years.

Many people are surprised and disappointed with Bitcoin's current performance, because it's not a good thing if Bitcoin drops below $20k.
What I fear is that there will be a panic sell, because many investors are afraid that Bitcoin will fall even further. Even though it's a bad decision
to sell Bitcoin at a low price, so my advice is to stay calm with the decline that has occurred in Bitcoin. Because if we can calm down and
be patient holding the Bitcoins we have, we are still not said to be losing money even though the price of Bitcoin continues to decline and shows
our asset estimates have fallen very drastically.

Because panicking and selling Bitcoin at low prices only makes us worse. We have to learn from what happened in 2018, when the market
experienced a very drastic price drop. But eventually Bitcoin was able to recover again and could even rise to a much higher price.
Therefore I consider what happened this year, almost the same as what happened in 2018. So we have to be patient in facing a declining market,
I believe the current decline is only temporary.

[TimeTeller]

It looks like reaching the $17k price is possible.  It is the weekend, and obviously, crypto holders often sell out during these days. AT the current price of Bitcoin at $18526 if sell-off happen I am afraid there is not much resistance before it hits the $17k  floor.

It's still going to look like that because regardless of anything this is likely to happen but I don't think there's anything to worry about because in bears anything can happen and maybe even the lowest point in this bearish season is worse than we thought. guess.
Now the $20k is gone and it would be better to just keep waiting if you have some spare funds because it will look good later even if we have to wait a little longer.

Indeed there is nothing to worry.  Bitcoin price will rebound after this bear market but the question is when.  I believe this bear market will last for another 10 months.

For those who can wait, this decline is not a problem as they can wait when things are going up again.
But for those who want to cash out because they need money, that's the dilemma of these users.
They will be selling at a loss because they need it. Not many can wait for the market to bounce back.
The current market situation can really  make some holders panic and sell off.
But for strong believers, this is a very good opportunity to buy more and hold.

[Quidat]

Wait. Be patient. That's all you can do if you are a long term investor. Just don't look at the market for now if you cannot take it.
This will happen eventually and it's always just a question of "when?". We didn't know. No one knows. There might be those analysts that made the right prediction but those are guesses which doesn't have 100 percent accuracy.
The other thing you could do is buy more for a cheaper price then be patient again.

If you're long term then it would really be understandable that you do need to wait and patience would really be tested on times like these and it's not surprising that market could really move sideways whether going up next or would really dip down further that's why it's really hard.

When you do have the experience then you do have the advantage over or compared to those people who are just new to deal with the market. So expect the unexpected because everything could really happen along the way.

[bitgov]

If you're long term then it would really be understandable that you do need to wait and patience would really be tested on times like these and it's not surprising that market could really move sideways whether going up next or would really dip down further that's why it's really hard.

When you do have the experience then you do have the advantage over or compared to those people who are just new to deal with the market. So expect the unexpected because everything could really happen along the way.

Some people are always in hurry they want to get profit as early as possible.
I am one such character - so the waiting time is so much trouble for me. for this I always find an alternative sources and I have to keep myself very calm while doing all this.

[Furious 7]

It looks like reaching the $17k price is possible.  It is the weekend, and obviously, crypto holders often sell out during these days. AT the current price of Bitcoin at $18526 if sell-off happen I am afraid there is not much resistance before it hits the $17k  floor.

It's still going to look like that because regardless of anything this is likely to happen but I don't think there's anything to worry about because in bears anything can happen and maybe even the lowest point in this bearish season is worse than we thought. guess.
Now the $20k is gone and it would be better to just keep waiting if you have some spare funds because it will look good later even if we have to wait a little longer.

Indeed there is nothing to worry.  Bitcoin price will rebound after this bear market but the question is when.  I believe this bear market will last for another 10 months.

And now the $17k is already happening and it's only a few hours from me creating a thread here Most likely it's going to take some time and it's true the decline might even be a bit longer and deeper.
As for the problem of panic, I feel that everything will become more panicky for new people, especially because if you look at the bitcoin hype in my area, it started in 2020, which was indeed that year a lot of people came here and now maybe they are going through a pretty severe phase for the first time. So it's natural to panic.

[kensaii]

And we're now officially below $20.000, currently trending at $19.000. The market went downhill in just a matter of a few hours and is doomed to crash even further in the upcoming days. Okay, let's be honest, I expected it to crash below $20.000, but the signs are currently showing that a further drop down to $16.000-$18.000 is almost inevitable.

It's just a matter of time for BTC to hit lower than your price range, between $16k and $18k. Feel pretty shit how we could get to this low and bypass all the resistance walls that fast. There is no floor here, I expect it could go low as $10k.

To be honest, I believe you're right. It's already at $18.200 and continues losing in value. I never expected to fall so quickly, practically ignoring any resistance. I'm really hoping that it doesn't fall so much, however, it's almost a lost cause, there's not much to do now but wait. Selling now would be a disaster, although it's bound to crash even further in the next 48 hours.

The exact same thing had occurred to me in 2018, it crashed so badly that I was disappointed enough to abandon Bitcoin for years.

Same, have some hole in my posting history thank to this crash where I left the bitcointalk for years. But after some thought about the first crash and now seemly the second crash, I'm quite level-headed now. I'm sure there is a strong bull awaiting all of us after this phase. As long we survive after this.

And now the $17k is already happening and it's only a few hours from me creating a thread here Most likely it's going to take some time and it's true the decline might even be a bit longer and deeper.
As for the problem of panic, I feel that everything will become more panicky for new people, especially because if you look at the bitcoin hype in my area, it started in 2020, which was indeed that year a lot of people came here and now maybe they are going through a pretty severe phase for the first time. So it's natural to panic.

Back to nearly $20k now. I'm sure this is just some rebound but can't help feeling we might back to normal.

[lixer]

The inflation has made the life difficult for everyone. So the life is going downhill for everyone.

Not totally for everyone because there are ultra rich people and I don't think they are affected with it. There are inflation and crypto prices are going downhill but it does not mean that we will follow it and our life will go downhill as well, that's wrong but instead this should give us a lot of motivation to stand up. People are often challenged once these negative situations come.

Are we in a "now what" situation? Or do you think this is as far down as it goes? Even the week chart looks bad for BTC. Any suggestions what to do?

A now what situation is not true for someone that is well prepared and know that these things can happen but for some that aren't they can end up thinking like that but in case they didn't know what to do, I think the best thing to do now is to continue buying or doing a dca. Hodl is also a must thing to do after that. Charts looks bad but don't despair too much as there's still a chance for the market to recover.

[Jatiluhung]

the solution in the current market situation is to keep an eye on and look for opportunities to enter carefully. using the DCA technique. we can pay in installments and also sell gradually when we make a profit. However, sometimes in a bear market, more people panic to sell and are afraid to buy.

[ElmedoRator]

After a string of happy times with easy returns in this and many other financial markets, perhaps the hard times are just beginning. Although I am also very optimistic about the future, I have witnessed some horrible cases in the past with some big projects in this market. I am calmly reviewing the strategy to be able to return to investing with it.
In each different period, we will see opportunities as well as risks, and for me personally, this is not an ideal period when the panic and anxiety of many people who are losing money with it is present. The worst could be on the way and then the chance that I really think.

[mm2543363580]

After a string of happy times with easy returns in this and many other financial markets, perhaps the hard times are just beginning. Although I am also very optimistic about the future, I have witnessed some horrible cases in the past with some big projects in this market. I am calmly reviewing the strategy to be able to return to investing with it.
In each different period, we will see opportunities as well as risks, and for me personally, this is not an ideal period when the panic and anxiety of many people who are losing money with it is present. The worst could be on the way and then the chance that I really think.

Now here in our country people are very worried about the stock market - there are not very particular about investing into the big projects.
The market won't get stable very soon and people and investor are planning accordingly. Wish and hope the things get better soon.

[Fredomago]

After a string of happy times with easy returns in this and many other financial markets, perhaps the hard times are just beginning. Although I am also very optimistic about the future, I have witnessed some horrible cases in the past with some big projects in this market. I am calmly reviewing the strategy to be able to return to investing with it.

It is a wiser decision to recreate your strategy and review all this information from your experienced, it can be used as the basis when you try back and invest in, there are no perfect o accurate guide though, it's more on how you trust and how patience you are while inside this market, the volatility is the first thing that you need to understand and afterwards, you'll be able to create your strategy to counter the market movement and make things favorable to you.

In each different period, we will see opportunities as well as risks, and for me personally, this is not an ideal period when the panic and anxiety of many people who are losing money with it is present. The worst could be on the way and then the chance that I really think.

You have to weight things and before doing any actions, you must be focused with alternatives and backup plans.

[wiss19]

It's normal, we just have to live with this and realize that it is not going to be that simple to figure out how to get back to higher prices. There are plenty of people in the crypto world right now that is just simply waiting, and there are some people who are selling which is the main reason why it dropped down, we had a good recovery with some buying, but it is mainly a bear market.

What we need to do is get together and buy all together, which happens time to time but it is not going to be easy. So, what we need to do would be getting people hyped about, and that usually happens when there is a rush and on top of that a great big good news coming back to back.

[Majestic-milf]

Apparently, the sideways market broke down not out. Are we in a "now what" situation? Or do you think this is as far down as it goes? Even the week chart looks bad for BTC. Any suggestions what to do?

BTC price fluctuation is something that is common and as an investor, enthusiast or trader, prepare for such situations. I will not want to be the harbinger of doom, but looking at the market cap, BTC is still falling( 20,426.18) as at writing. What to do? A little exercise of patience will be needed as even tho it's going down, it definitely will push back up.

[Pujangga]

Apparently, the sideways market broke down not out. Are we in a "now what" situation? Or do you think this is as far down as it goes? Even the week chart looks bad for BTC. Any suggestions what to do?

BTC price fluctuation is something that is common and as an investor, enthusiast or trader, prepare for such situations. I will not want to be the harbinger of doom, but looking at the market cap, BTC is still falling( 20,426.18) as at writing. What to do? A little exercise of patience will be needed as even tho it's going down, it definitely will push back up.

The thing that makes us interested in bitcoin is high price fluctuations, if we want low price fluctuations then we can choose forex trading, I have traded in forex and the price changes are only 2% in a month, so cryptocurrencies are suitable for daily trading

[Dave1]

the solution in the current market situation is to keep an eye on and look for opportunities to enter carefully. using the DCA technique. we can pay in installments and also sell gradually when we make a profit. However, sometimes in a bear market, more people panic to sell and are afraid to buy.

The opportunity did come along right? peg at $17,500 for me that is the lowest low that we might see in this bear market as I don't predict that we can go lower than that (I might be wrong). But the point is, even if we are in a bear market and volatility is high, we can still make some adjustments on our investment. You can DCA or buy when the price goes down. No need to panic if you have been in this already because experience tells us that we will recover and bounce back again in the next bull run.

[milewilda]

Apparently, the sideways market broke down not out. Are we in a "now what" situation? Or do you think this is as far down as it goes? Even the week chart looks bad for BTC. Any suggestions what to do?

BTC price fluctuation is something that is common and as an investor, enthusiast or trader, prepare for such situations. I will not want to be the harbinger of doom, but looking at the market cap, BTC is still falling( 20,426.18) as at writing. What to do? A little exercise of patience will be needed as even tho it's going down, it definitely will push back up.

The thing that makes us interested in bitcoin is high price fluctuations, if we want low price fluctuations then we can choose forex trading, I have traded in forex and the price changes are only 2% in a month, so cryptocurrencies are suitable for daily trading

People should realize that because crypto market did really get famous because of its price volatility and we should really be that get used to huge price swings or in huge percentage which is really that a normal day here on this space unlike forex or stocks which is totally different I would say basing on my own personal experience.So risk factor is indeed high for this one and it's up to someone whether they could bare the risk or not because not all are getting used to with these movements so make yourself better prepared because emotions and psychological aspect would be mainly played on.

[Ultegra134]

the solution in the current market situation is to keep an eye on and look for opportunities to enter carefully. using the DCA technique. we can pay in installments and also sell gradually when we make a profit. However, sometimes in a bear market, more people panic to sell and are afraid to buy.

The opportunity did come along right? peg at $17,500 for me that is the lowest low that we might see in this bear market as I don't predict that we can go lower than that (I might be wrong). But the point is, even if we are in a bear market and volatility is high, we can still make some adjustments on our investment. You can DCA or buy when the price goes down. No need to panic if you have been in this already because experience tells us that we will recover and bounce back again in the next bull run.

Surprisingly, it didn't stay at $17.500 for long and quickly bumped back to $19.000 - $20.000 within a couple of hours, something which I wasn't expecting. It's currently sitting at $20.160 and looks like it's crashing again (- 3.10% 24h). My bet is that it'll move towards $18.000 in the upcoming hours and probably stay in the range of $18.000 - $20.000 for quite some time.

Edit: And yup, 10 minutes later, and we're already well below $20.000 (- 5.10%).

[Baofeng]

the solution in the current market situation is to keep an eye on and look for opportunities to enter carefully. using the DCA technique. we can pay in installments and also sell gradually when we make a profit. However, sometimes in a bear market, more people panic to sell and are afraid to buy.

The opportunity did come along right? peg at $17,500 for me that is the lowest low that we might see in this bear market as I don't predict that we can go lower than that (I might be wrong). But the point is, even if we are in a bear market and volatility is high, we can still make some adjustments on our investment. You can DCA or buy when the price goes down. No need to panic if you have been in this already because experience tells us that we will recover and bounce back again in the next bull run.

Surprisingly, it didn't stay at $17.500 for long and quickly bumped back to $19.000 - $20.000 within a couple of hours, something which I wasn't expecting. It's currently sitting at $20.160 and looks like it's crashing again (- 3.10% 24h). My bet is that it'll move towards $18.000 in the upcoming hours and probably stay in the range of $18.000 - $20.000 for quite some time.

Edit: And yup, 10 minutes later, and we're already well below $20.000 (- 5.10%).

And now we are above, but with so much volatility, I wouldn't be surprised if we are just going around this price and more of a sideway patterns in the next coming weeks.

As for the bottom price, yes, it's too early at $17k maybe next year it will go down hard again.

Perhaps this down turn we've seen is because of testimony of Fed chairman Powell as he didn't confirmed or deny and didn't give anything regarding the rampant inflation that the US is experiencing in the last decade.

[Xampeuu]

the solution in the current market situation is to keep an eye on and look for opportunities to enter carefully. using the DCA technique. we can pay in installments and also sell gradually when we make a profit. However, sometimes in a bear market, more people panic to sell and are afraid to buy.

The opportunity did come along right? peg at $17,500 for me that is the lowest low that we might see in this bear market as I don't predict that we can go lower than that (I might be wrong). But the point is, even if we are in a bear market and volatility is high, we can still make some adjustments on our investment. You can DCA or buy when the price goes down. No need to panic if you have been in this already because experience tells us that we will recover and bounce back again in the next bull run.

Surprisingly, it didn't stay at $17.500 for long and quickly bumped back to $19.000 - $20.000 within a couple of hours, something which I wasn't expecting. It's currently sitting at $20.160 and looks like it's crashing again (- 3.10% 24h). My bet is that it'll move towards $18.000 in the upcoming hours and probably stay in the range of $18.000 - $20.000 for quite some time.

Edit: And yup, 10 minutes later, and we're already well below $20.000 (- 5.10%).

This is an opportunity to start buying now, where $17.5 is a strong support area, so even if the price drops back from the support we set, we still have capital reserves to buy and look for the next support area. The courage to buy according to the analysis is very much needed, because not a few of us are still waiting for a decline and in the end they miss it because the price has gone up, which is the benchmark when the price is getting lower, then change our mindset to make it an opportunity to buy