From Sideways to Downhill

[livingfree]

Any suggestions what to do?

I assume that your position is the same as the majority which are in losses.

If you're going to cut loss, how much that will be? Are you willing to convert that into bitcoin which is always the best choice during a crypto bear season?

Aside from that option, you can have it on a stable coin and maybe the market will plunge some more slashing more to the prices of bitcoin and other top cryptocurrencies.

[Finestream]

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?

Looks like you are in panic mate. Get used to it as the market will never stop from here, but more likely the market will fall even more. Though its kinda embarrassing seeing all our investments have decline, but always remember that this is really bound to happen due to market volatility. However, this is the best time to buy more and hold particularly for bitcoin. It will be a lot more exciting if bitcoin drops sharply into $3k again as no doubt, this will be the best moment that we are all waiting for. So just enjoy the ride, and get rich in the future.

[stomachgrowls]

Any suggestions what to do?

I assume that your position is the same as the majority which are in losses.

If you're going to cut loss, how much that will be? Are you willing to convert that into bitcoin which is always the best choice during a crypto bear season?

Aside from that option, you can have it on a stable coin and maybe the market will plunge some more slashing more to the prices of bitcoin and other top cryptocurrencies.

Wont really be that much in concern on how much you had in negative or in losses because as long you dont sell something then its not a materialized loss which means you could still always have the chance whenever the market tends to have its recovery.
No one had really anticipated for this thing to happen on which we do expect that after a long time of moving sideways then we might be having that bullish or green candle once
gain but we are totally seeing different.
Dont cut loss but instead hold no matter what and buy on the dips to add it up on your portfolio.It might sound not ideal but
when you would really be doing such accumulation?

[Johnyz]

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?

Keep analyzing and know when to buy again, also you should not panic because this market will recover and with Bitcoin we can still expect a good trend after this crash. Buy some now and buy more for a more cheaper price, the bear is still hear and you can see more cheaper price in the coming days, be ready with your cash.

[Silberman]

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?

The downward movement that we are seeing is without a doubt unexpected but it is not outside of the many different scenarios that we should have thought to be possible, so the situation should not be that surprising, and about what to do, that is a decision which is extremely personal and it depends on too may factors to give a standard answer, personally I am still holding and I have even bought some bitcoin with my fiat available, but I can understand if some other people cannot really afford to do something like this during the current crash.

[livingfree]

I assume that your position is the same as the majority which are in losses.

If you're going to cut loss, how much that will be? Are you willing to convert that into bitcoin which is always the best choice during a crypto bear season?

Aside from that option, you can have it on a stable coin and maybe the market will plunge some more slashing more to the prices of bitcoin and other top cryptocurrencies.

Wont really be that much in concern on how much you had in negative or in losses because as long you dont sell something then its not a materialized loss which means you could still always have the chance whenever the market tends to have its recovery.
No one had really anticipated for this thing to happen on which we do expect that after a long time of moving sideways then we might be having that bullish or green candle once
gain but we are totally seeing different.
Dont cut loss but instead hold no matter what and buy on the dips to add it up on your portfolio.It might sound not ideal but
when you would really be doing such accumulation?

Yes, as long as it's on your port then you're not in a loss.

But the matter these times, whenever someone is looking at his portfolio and he's too upset looking at it, that's already a big loss to him and he can't feel that it's going to recover.

We've seen too many situations like this when many people have thought the market will never recover until we saw that it had recovered more than what we've expected.

[Mahanton]

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?

The downward movement that we are seeing is without a doubt unexpected but it is not outside of the many different scenarios that we should have thought to be possible, so the situation should not be that surprising, and about what to do, that is a decision which is extremely personal and it depends on too may factors to give a standard answer, personally I am still holding and I have even bought some bitcoin with my fiat available, but I can understand if some other people cannot really afford to do something like this during the current crash.

Market is always;

1. Unpredictable
2. Speculative
3. Random movement
4. Volatile

These are the main behavior or quality of this market specially Bitcoin or in overall crypto space.
You wont know on where it would be heading or going.

Sideways to pump or sideways to dump or moving sideways straight line.It cant be known thats why
we do neither end up on profitable or losing.

[ultrloa]

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?

The downward movement that we are seeing is without a doubt unexpected but it is not outside of the many different scenarios that we should have thought to be possible, so the situation should not be that surprising, and about what to do, that is a decision which is extremely personal and it depends on too may factors to give a standard answer, personally I am still holding and I have even bought some bitcoin with my fiat available, but I can understand if some other people cannot really afford to do something like this during the current crash.

Maybe what surprise people about this dump is how fast things happen unexpectedly and no investors expect that we will go this far. But as many scenario pass like this maybe its good for investors to settle down and think about how they can grab the opportunity given by bear market sales since the price of the coins are mostly so cheap at the moment.

[ChiBitCTy]

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 tell you the same thing that I tell my clients, whether through the tough times, things will get better of the course of time. I’m not sure things will ever get better for many or most of the worthless altcoins (which is almost all of them)) but projects like bitcoin with a legitimate future will come back in due time.

[Darker45]

Unfortunately. Those sideway movements were like the calm before the storm. The storm could either be a huge break out or a huge fall. It was a suspense waiting whether the price would explode upward or nosedive. It is just unfortunate that there was a huge fall. Apparently, all the supports couldn't absorb the fall and they were shattered one after another. I hope $20,000 would be strong enough to hold it.

As to what to do next, we actually don't have a lot of choices. It would either be to HODL, to continue with DCA, or to give in to fear and convert. Obviously, the final option is not wise.

[Gozie51]

As to what to do next, we actually don't have a lot of choices. It would either be to HODL, to continue with DCA, or to give in to fear and convert. Obviously, the final option is not wise.

Yeah I think the final option or suggestion is not wise at the moment. The fall has already happened or is beginning to happen because nobody knows the stop point but if price can fall from $60k above to barely a shadow of price going at $20,073, maybe we are approaching the bottom. So hodling is far better than converting to USDT , it is rather late for the decision.

[davis196]

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?

There's no "now what" situation. There's only one thing  we could do. Just HODL. Selling your BTC right now seems like dumb move.
The panic on the markets is reaching high levels and fear is the worst advisor. If you are confident enough about the price hitting 10K, you could sell your BTC now. I don't know what will happen, so I'm just HODLing. Maybe the Bitcoin price will return to the 2020 levels of 10K-12K. This isn't a bad thing actually. It's not the end of the world. The worst thing right now would be making emotional decisions and acting like a conformist. Just wait and see what happens after the wave of fear and panic goes away.

[mm2543363580]

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?

There's no "now what" situation. There's only one thing  we could do. Just HODL. Selling your BTC right now seems like dumb move.
The panic on the markets is reaching high levels and fear is the worst advisor. If you are confident enough about the price hitting 10K, you could sell your BTC now. I don't know what will happen, so I'm just HODLing. Maybe the Bitcoin price will return to the 2020 levels of 10K-12K. This isn't a bad thing actually. It's not the end of the world. The worst thing right now would be making emotional decisions and acting like a conformist. Just wait and see what happens after the wave of fear and panic goes away.

ALready here in our country its is downhill - and the hill is very bumpy and steep.
By the time we will touch the ground - we will be almost lost. The high prices and inflation has been a serious shock for the poor people.

[CaVO32]

As to what to do next, we actually don't have a lot of choices. It would either be to HODL, to continue with DCA, or to give in to fear and convert. Obviously, the final option is not wise.

Yeah I think the final option or suggestion is not wise at the moment. The fall has already happened or is beginning to happen because nobody knows the stop point but if price can fall from $60k above to barely a shadow of price going at $20,073, maybe we are approaching the bottom. So hodling is far better than converting to USDT , it is rather late for the decision.

I am also on this decision. If you will convert now into stablecoin, you are already losing a lot. But if you have the notion that this market will recover in the very near future, as we always observed in the past, then, better hold off. Some people have no choice but to cash out as they have immediate needs, this situation is understandable. But if you have other means, weigh your options and holding may be your best option not to suffer losses at this period. Because if you will not sell, you will not lose, right?

[Hamphser]

As to what to do next, we actually don't have a lot of choices. It would either be to HODL, to continue with DCA, or to give in to fear and convert. Obviously, the final option is not wise.

Yeah I think the final option or suggestion is not wise at the moment. The fall has already happened or is beginning to happen because nobody knows the stop point but if price can fall from $60k above to barely a shadow of price going at $20,073, maybe we are approaching the bottom. So hodling is far better than converting to USDT , it is rather late for the decision.

I am also on this decision. If you will convert now into stablecoin, you are already losing a lot. But if you have the notion that this market will recover in the very near future, as we always observed in the past, then, better hold off. Some people have no choice but to cash out as they have immediate needs, this situation is understandable. But if you have other means, weigh your options and holding may be your best option not to suffer losses at this period. Because if you will not sell, you will not lose, right?

For you not to make yourself to be that impulsive then its better not to check out your portfolio every now and then because this would really be likely a trigger for you to make out some unnecessary move

which would cause for more losses.The best thing to be done with the current market is to accumulate as much as you could as long you do have the money or finances then go ahead and add up even more
coins into your stash.This is actually the best time to shop some coins in the market on a bargain price.You cant really just sell on loss which is the dumbest thing to be done.
Market is unpredictable it could dump or crash and it could also shoot up to the moon thats why its not a bad idea on taking some position on the bottom.

[Kasabus]

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?

Everything is expected just when the market starts being bearish. Bitcoin could even fall below $20k and settle into $3k just like what had happened before. So what we are seeing right now is never the first time to happen in the market. If you can maximize your purchase this time especially for bitcoin, that would be very great as bitcoin will always be the first to skyrocket and then altcoins will follow too. So never gets depressed and disappointed with the market, crypto market has been here already but after that, a sudden huge price increase is usually observed.

[Smartvirus]

Everything is expected just when the market starts being bearish. Bitcoin could even fall below $20k and settle into $3k just like what had happened before.

Wow, 3k! That's so far down tha even I can't imagine it being possible, no!! Yeah, making your prediction and expecting everything is the way to go about it but, a low that goes down as fat as 3k, nope, I can't expect that come off BTC. Not anywhere with all the big players that have stepped in and bought at ATH. They surely would be looking towards profit and are sure to make it a scare commodity after letting it dump to this point once more.
What to do, better not to sell your precious sats as the whales are there to buy it all in one go and push right back up. Just buy ensure your buying some more and your using your spare money too.

[Darker45]

As to what to do next, we actually don't have a lot of choices. It would either be to HODL, to continue with DCA, or to give in to fear and convert. Obviously, the final option is not wise.

Yeah I think the final option or suggestion is not wise at the moment. The fall has already happened or is beginning to happen because nobody knows the stop point but if price can fall from $60k above to barely a shadow of price going at $20,073, maybe we are approaching the bottom. So hodling is far better than converting to USDT , it is rather late for the decision.

I am also on this decision. If you will convert now into stablecoin, you are already losing a lot. But if you have the notion that this market will recover in the very near future, as we always observed in the past, then, better hold off. Some people have no choice but to cash out as they have immediate needs, this situation is understandable. But if you have other means, weigh your options and holding may be your best option not to suffer losses at this period. Because if you will not sell, you will not lose, right?

Your portfolio may be registering a loss. But that's just paper loss. Your Bitcoin remains intact. The moment Bitcoin recovers, your portfolio also recovers. But if you sell them, then that portfolio's loss is not anymore paper loss but realized loss. The moment Bitcoin recovers, your portfolio remains stagnant because you have already converted your Bitcoin into a stablecoin. But the main question is, why do you sell when the price is already in the process of finding its bottom?

[Paul Pogba]

What happened with bitcoin dropping from $30k to $22k is the lowest price ever recorded since ATH November 2021, many say that the 4 year trend will repeat itself and as designed to make users panic and sell bitcoin so the whales will buy cheap, those who are familiar with bitcoin should understand that when the price drops then the best thing is to buy.

[Baofeng]

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?

Unfortunately, yes, we are waiting for a break out run, but it goes South. I don't think that we are in a 'now what' situation. We are in a bear market situation so what do you expect? Again, even if others will say that this really looks very bad, but in the long run this might be good after all.

As you can buy cheap bitcoins, at a discount and then fill your wallet. All you have to do is HODL and then have the mentality to not sell until the next bull run in maybe 2024-2025.