From Sideways to Downhill

[yhiaali3]

In this case you can only do one thing "Hold", this is the best option at the moment all the weak hands who sold their bitcoin will surely regret, another thing you can also do if you have a dollar you have to buy more bitcoin Every drop because this is a great opportunity that may not be repeated in the future. The market situation is now difficult and the global economy is in a downturn so it is better at this stage to leave work and go on vacation until the situation stabilizes. Personally, I am optimistic that Bitcoin will do it this time as it has always done and come back stronger than it was.

[Pomogator]

In this case you can only do one thing "Hold", this is the best option at the moment all the weak hands who sold their bitcoin will surely regret, another thing you can also do if you have a dollar you have to buy more bitcoin Every drop because this is a great opportunity that may not be repeated in the future. The market situation is now difficult and the global economy is in a downturn so it is better at this stage to leave work and go on vacation until the situation stabilizes. Personally, I am optimistic that Bitcoin will do it this time as it has always done and come back stronger than it was.

This situation has already happened with bitcoin, it lost its price and fell to the very bottom. I think now exactly the same situation, we need to be patient and keep our bitcoins until better times. Of course, these are very bad days in the crypto world, but you should not give in to emotions.

[Smitty Werben Man Jensen]

In this case you can only do one thing "Hold", this is the best option at the moment all the weak hands who sold their bitcoin will surely regret, another thing you can also do if you have a dollar you have to buy more bitcoin Every drop because this is a great opportunity that may not be repeated in the future. The market situation is now difficult and the global economy is in a downturn so it is better at this stage to leave work and go on vacation until the situation stabilizes. Personally, I am optimistic that Bitcoin will do it this time as it has always done and come back stronger than it was.

This situation has already happened with bitcoin, it lost its price and fell to the very bottom. I think now exactly the same situation, we need to be patient and keep our bitcoins until better times. Of course, these are very bad days in the crypto world, but you should not give in to emotions.

Saying it fell to the bottom is not really even though it is currently at $20k and maybe the price will stabilize there,
when the market is bullish of course the price of Bitcoin will skyrocket,
that's true and most importantly stay patient and don't give up because sooner or later the market will recover

[Sang Prabu]

Bitcoin is always interesting to follow, up and down an unexpected price makes us have to always watch the price, and now the price that drops more than 30% compared to the beginning of June makes us have to be patient with hold, even if we have large capital then now now is a good time to buy.

[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%).

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.

An hour later after my post, it was already heading towards $21.000. The past few weeks have been extremely volatile, my best guess is that such volatility will continue for quite some time. At one point, I was certain that we were going to reach $15.000, however, it quickly recovered from $17.500. Although, it's way too quick to judge, because it could suddenly crash again, just like it happened a few days ago.

Despite the small recovery attempt today, one thing is for sure, it'll be a long and depressing winter. I hope I'm wrong.

[LastKiss]

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?

Depending on what is your plan, people tend to have a lot of different opinions in this bearish market but if you believe someday that Bitcoin will reach new ATH then just buy this dip and leave it until some years. Don't get your mind got involved by other people, by other media, by the government, just you the one who invests and has faith in it.

[Fredomago]

In this case you can only do one thing "Hold", this is the best option at the moment all the weak hands who sold their bitcoin will surely regret, another thing you can also do if you have a dollar you have to buy more bitcoin Every drop because this is a great opportunity that may not be repeated in the future. The market situation is now difficult and the global economy is in a downturn so it is better at this stage to leave work and go on vacation until the situation stabilizes. Personally, I am optimistic that Bitcoin will do it this time as it has always done and come back stronger than it was.

All those who collapsed when fear are surrounding the whole market those who sell their assets after the value went down to $17k they are all being played by the dumpers who quickly buy back the coin and pumped it back to $21K, it's always good to stay patient while the market is unsure, otherwise you will lose your investment.

There are lots of reason but if you are unsure better to stay calm and wait for the market to recover instead of trying to cut your losses.

[0verseer]

An hour later after my post, it was already heading towards $21.000. The past few weeks have been extremely volatile, my best guess is that such volatility will continue for quite some time. At one point, I was certain that we were going to reach $15.000, however, it quickly recovered from $17.500. Although, it's way too quick to judge, because it could suddenly crash again, just like it happened a few days ago.

Despite the small recovery attempt today, one thing is for sure, it'll be a long and depressing winter. I hope I'm wrong.

You ain't wrong. We think it has recovered but zoom out the charts, this is just another sideway from the extremely volatile crypto market when everyone is in fear of the bearish market. Sideway -> down then sideway -> down again, rinse and repeat.

[Ultegra134]

An hour later after my post, it was already heading towards $21.000. The past few weeks have been extremely volatile, my best guess is that such volatility will continue for quite some time. At one point, I was certain that we were going to reach $15.000, however, it quickly recovered from $17.500. Although, it's way too quick to judge, because it could suddenly crash again, just like it happened a few days ago.

Despite the small recovery attempt today, one thing is for sure, it'll be a long and depressing winter. I hope I'm wrong.

You ain't wrong. We think it has recovered but zoom out the charts, this is just another sideway from the extremely volatile crypto market when everyone is in fear of the bearish market. Sideway -> down then sideway -> down again, rinse and repeat.

The current recovery is a drop in the ocean. In my opinion, it's simply a way of "misleading" us before it crashes again. The two most probably scenarios are that it'll stay relatively stable within the range of $18.000 - $20.000, or it'll go downhill, possibly below $15.000 before we see anything major in terms of recovery on the market. I'm opting for the second, crashes are not over yet, I find it hard to believe that $17.500 was the bottom of the barrel.

[Lanatsa]

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?

Now we are once again on a sideways situation where price do able to held up and playing around 20-21k price as of this moment.There's no any signs of being bull or bear run but i wont really be surprised if ever the

price will be going down even further but it does have a strong support on 17k area but we know that nothing is assured until we do able to get out with these levels.Its really hard to determine on what would be the

move you would gonna do in these times considering that market could really move unexpectedly on what we do expect neither going sharp downhill or would be seeing some Uphill on next weeks or months to come.
Hardest part is always been pertaining about price speculations or on what would be the next movement.

[Fivestar4everMVP]

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?

I believe by now, you should see that everything have turned for bitcoin, though not very much but bitcoin market right now is in a much better position than it were some few days back.
Know it that every dip is a buying opportunity, it is important to understand that bitcoin price can't just keep going up, there will always be down times and this time is the best time to buy.
Though I don't really pay attention to all this so called experts predictions, but then, many of them still believe that bitcoin will end the year 2022 with a price of over $100,000, I don't know how possible this is but one thing I do know is that, every dip in bitcoin's price is a buying opportunity, for it will always go back up.

[TimeTeller]

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?

I believe by now, you should see that everything have turned for bitcoin, though not very much but bitcoin market right now is in a much better position than it were some few days back.
Know it that every dip is a buying opportunity, it is important to understand that bitcoin price can't just keep going up, there will always be down times and this time is the best time to buy.
Though I don't really pay attention to all this so called experts predictions, but then, many of them still believe that bitcoin will end the year 2022 with a price of over $100,000, I don't know how possible this is but one thing I do know is that, every dip in bitcoin's price is a buying opportunity, for it will always go back up.

We really don't need to listen to these self-proclaimed experts because they are also human.
And they are just trying to make their own speculations based on what is happening around the market.
If you are a long-time user or holder, just follow your instincts because it is your money at stake.
They can predict high prices of btc, but ask yourself, what is the rate that it will become reality?
Be realistic with goals, so you won't be disappointed later on. Just be gentle on yourself.

[carlfebz2]

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?

I believe by now, you should see that everything have turned for bitcoin, though not very much but bitcoin market right now is in a much better position than it were some few days back.
Know it that every dip is a buying opportunity, it is important to understand that bitcoin price can't just keep going up, there will always be down times and this time is the best time to buy.
Though I don't really pay attention to all this so called experts predictions, but then, many of them still believe that bitcoin will end the year 2022 with a price of over $100,000, I don't know how possible this is but one thing I do know is that, every dip in bitcoin's price is a buying opportunity, for it will always go back up.

We really don't need to listen to these self-proclaimed experts because they are also human.
And they are just trying to make their own speculations based on what is happening around the market.
If you are a long-time user or holder, just follow your instincts because it is your money at stake.
They can predict high prices of btc, but ask yourself, what is the rate that it will become reality?
Be realistic with goals, so you won't be disappointed later on. Just be gentle on yourself.

Im never a fan on following someone when it comes on making out investment or decisions in towards crypto by those so called experts and same as you said that they are just the same as ours which is mere

speculators too because market is unpredictable and there's no way that someone could really be having that knowledge or talking about speculations which are precise.

The market we do have now is again doing sideways movements which it is really hard to take some guess on where it would be heading next.Its really hard when it doesnt make
much movement not just like into those normal days but we know that instances or situations like this are normal.

[Bitcoin2009]

8 years I know bitcoin and have stopped since 2018 because at that time the price dropped more than 70%, I bought bitcoin when it was $12k in 2018 and had a chance to sell at $19k but I was too optimistic that the price would go up, next year 2018 I sold all balances for around $5500, of course cost me over 50% off and now is a good time to buy and start again.

[tbterryboy]

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.

The biggest alternative that I found has been gaming, during this low period I just love gaming and I played a lot of games, not a lot because I am working hard these days, but whenever I got any free time, that went to playing a game.

Plus, I had some health issues, for some weird reason I damaged my muscles in my left peck, so like left side of my stomach, so I have been laying down a lot these days, not a horrible big injury or anything, been a week and already feeling better, but that took some of the attention away as well. All in all, it feels like it is a great period to find alternative sources of fun or anything that takes your focus away, so you can wait patiently, and fail, or have fun doing something else.

[Rufsilf]

8 years I know bitcoin and have stopped since 2018 because at that time the price dropped more than 70%, I bought bitcoin when it was $12k in 2018 and had a chance to sell at $19k but I was too optimistic that the price would go up, next year 2018 I sold all balances for around $5500, of course cost me over 50% off and now is a good time to buy and start again.

Just to think that every drop is not totally reflecting negative as that is somehow a good time for investors.
Many had felt regrets last 2018 after missing the bottom price of Bitcoin but now, people are more optimistic. That's something to say that many had realized the situation and were able to understand the nature of the market and instead of getting into panic, the more getting strengthened their faith and trust as they once witness the capabilities of the market to rally despite the huge decrease.

[TheUltraElite]

8 years I know bitcoin and have stopped since 2018 because at that time the price dropped more than 70%, I bought bitcoin when it was $12k in 2018 and had a chance to sell at $19k but I was too optimistic that the price would go up, next year 2018 I sold all balances for around $5500, of course cost me over 50% off and now is a good time to buy and start again.

The long charts of Bitcoin reveal it's movements clearly that it has the tendency to go up and down in long periods. Therefore patience is the key here. Sudden drops are common but keeping patience throughout the cycle helps every trader.

While profits will happen, losses may happen too. It is important that you learn from the mistake and try not to repeat that. Sideways is the time to check your methods again while holding back on trading. Profits will happen when prices go back up again.

Try keeping a positive approach whenever prices drop, that is the time to buy. Don't sell during the bear markets, but this is easier said than done for most traders.

[Fredomago]

8 years I know bitcoin and have stopped since 2018 because at that time the price dropped more than 70%, I bought bitcoin when it was $12k in 2018 and had a chance to sell at $19k but I was too optimistic that the price would go up, next year 2018 I sold all balances for around $5500, of course cost me over 50% off and now is a good time to buy and start again.

The long charts of Bitcoin reveal it's movements clearly that it has the tendency to go up and down in long periods. Therefore patience is the key here. Sudden drops are common but keeping patience throughout the cycle helps every trader.

While profits will happen, losses may happen too. It is important that you learn from the mistake and try not to repeat that. Sideways is the time to check your methods again while holding back on trading. Profits will happen when prices go back up again.

Try keeping a positive approach whenever prices drop, that is the time to buy. Don't sell during the bear markets, but this is easier said than done for most traders.

Keeping a positive approach while you are into this kind of industry will allow you to develop good and useful mindsets, there are sways that might affect your trading position and a need of adjustment that will let you continue to be compensated, but not all can do things like this and possibilities of losing a trade is not impossible, but coping and moving forward is the best thing to take the challenge..

[tygeade]

Keeping a positive approach while you are into this kind of industry will allow you to develop good and useful mindsets, there are sways that might affect your trading position and a need of adjustment that will let you continue to be compensated, but not all can do things like this and possibilities of losing a trade is not impossible, but coping and moving forward is the best thing to take the challenge..

It is certainly something that will decide on the future of your profits as well. If you know what you are doing right now, then you would be easily making profit later on. People who could turn a profit during a bear period would find the bull period very easy. This is why I personally feel like it's easy to go over this bear period?

I just buy as much as I can, and I hold it as much as I can, and then I turn a profit from it when the time comes. Yes, it's not easy, and yes it takes time but at the same time we are talking about something simple here, just buy and hold. This is why it's quite easy to "survive" this period, and then make a profit later.

[Quidat]

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.

The biggest alternative that I found has been gaming, during this low period I just love gaming and I played a lot of games, not a lot because I am working hard these days, but whenever I got any free time, that went to playing a game.

Plus, I had some health issues, for some weird reason I damaged my muscles in my left peck, so like left side of my stomach, so I have been laying down a lot these days, not a horrible big injury or anything, been a week and already feeling better, but that took some of the attention away as well. All in all, it feels like it is a great period to find alternative sources of fun or anything that takes your focus away, so you can wait patiently, and fail, or have fun doing something else.

Not all people are gamers or who do really get enjoyed by playing games which does simply means that not all would really get entertained from it but its really effective on making
yourself get out from stress on looking into your portfolio on making yourself get distracted because if you do keep yourself on watching and checking out every now and then
then it would really be the most stressful thing that you would really be able to experience.I know its not something simple and easy to deal with stress and fear when you do see
that your investments is going low but to consider that this had been always the case on this unpredictable market then making yourself get used to it.