Bitcoin and Crypto Winter

[kryptqnick]

Bitcoin fell lower than the mark set by the op because some time has passed, but it's indeed a great table that shows the seriousness of the drops and how bad it used to look. I think this should help people calm down, show them that in the past. $1k seemed at the top, and then the same happened with $20k. And both times it seemed Bitcoin would never reach its former might, while some people remained believers and were right.
No matter how low it gets, we'll get through it, Bitcoin will recover.

[amishmanish]

People are saying crypto winter is arriving, but there must be a reason for this, . While the adoption of bitcoin is at all time high, the actual use of bitcoin is on rise. The value of bitcoin should have had actually risen. But its not happening. One possible reason of this fall is that current inflation and economic trends has made investors weary and risk averse. Secondly many countries are now  releasing their own digital currencies, which are actually looking more safer to the risk averse customers. Thirdly the russian war and ban be many countries on crypto mining has pulled down the value of bitcoin.
However this is a temporary phenomenon. A lot of customers will return and we will see spring again.

[tam31]

Feeling down during this period is nothing shocking, there are tons of people who feel that way. However, if you can overcome that feeling, leave your emotions out the door, and just take the bullet and get in, then you will be happier later on. We had plenty of crypto winters in our time and we can definitely see this as a good chance, which will be quite difficult to go through, but not impossible. All we need to do right now is focus on the future, and ignore all the noise that comes right now.

There will be plenty of bad news about crypto and how bitcoin is dead etc etc type of stuff everywhere, but that doesn't mean that we can't make a profit later on, all those news are just there to get clicks and nothing more, focus on the real world and be hopeful about the future.

[maydna]

In the next bullish season, it is certain that BTC will make the $100K price that was predicted for the previous bullish market.

There is nothing certain in life besides death and taxes, but if last time we managed to see bitcoin at almost $70k then it's very likely that we could see for the first time in history the 6-digit number. It'll be interesting to see if many people will sell just before the $100k, kind of what happened in 2017 with the $10 but then it kept pumping. That was very unexpected.

We know that anything can happen in the markets but at the same time the odds of something actually happen change depending on how far the price is from the previous all time high, reaching the 100k level during the next bull run is a prediction that is within the range of what it is very possible to happen.

With that being said the bear market is not over yet, and as such we still need to keep holding our coins, as it would not matter if bitcoin reached that price if you happen to sell your bitcoin for a cheap price before that happens.

It's only time for bitcoin to hit $100k, and that could happen in the next bull market. But bitcoin is still at the $20k level. We don't know how long the price will start moving up. Before that happens, we can get ready and start buying at as many lows as possible so that we can get ready to sell when the price starts to rise.

Yes, the bear market is still not over, which means that our wait to see the bull market is yet to come. And if we can hold our bitcoins until the $100k comes, we will get a big profit if we can sell it at the $100k and above.

[Abiky]

There is nothing certain in life besides death and taxes, but if last time we managed to see bitcoin at almost $70k then it's very likely that we could see for the first time in history the 6-digit number. It'll be interesting to see if many people will sell just before the $100k, kind of what happened in 2017 with the $10 but then it kept pumping. That was very unexpected.

Bitcoin has always rebounded after a severe bear market. This time is no different than 2013 or 2018 where BTC went downhill in an instant. If you're smart, you'd buy Bitcoin at a discount before it goes back up again. I have a feeling BTC will never touch $20k again, just like it never touched $1k back then. Just wait until the next BTC halving and you'll see everything will be shining again. Who knows if buying and "hodling" BTC and some prominent alts will lead you towards untold riches in the future? Just my thoughts

[lizarder]

just need to wait for the bullish season to occur. But for those who keep panicking they won't be able to think well. this is a good opportunity to add bitcoin assets, new ATH will be achieved again.

The bitcoin cycle can be interpreted once every 4 years undergoes a total change, although many people still consider this a myth, the cycle where bitcoin has a repeating pattern and reaches the next ATH, we can study this incident from 2017 to 2021.
This is a great time to buy bitcoin, given that if this cycle really worked, then we would be preparing to head to the moon.

We just have to wait and make good use of this crash market. Using spare capital to buy bitcoins. Buy incrementally or use the DCA strategy. ATH $100k is to be expected.

Very precise.
For retail traders, this condition can be used to make gradual purchases, reserve capital can be converted together to make purchases, the steps are carried out by maximizing existing capital and continuing to collect until bitcoin reaches the next ATH. Don't panic and don't worry, it's only a matter of time before bitcoin finds its rhythm, which is ATH $100k.

[wmaurik]

The bitcoin cycle can be interpreted once every 4 years undergoes a total change, although many people still consider this a myth, the cycle where bitcoin has a repeating pattern and reaches the next ATH, we can study this incident from 2017 to 2021.
This is a great time to buy bitcoin, given that if this cycle really worked, then we would be preparing to head to the moon.

The fact that you stated is actually a success that has happened and exists in Bitcoin. So that one will also not be wrong if they have to believe in the cycle and it will also not be worse if they consider it a myth even though most people who have known Bitcin for a long time have seen it happen with Bitcoin. Personally I still believe in 4 year cycles like you said, but that could also change when there is an earlier pump going on in Bitcoin before cycle time.

[AmoreJaz]

first of all No one can predict the actual bottom price of the Bitcoin market. But an analysis of past history we can predict it could go around 80%. and the second thing is by analyzing the previous bullish market it could predicted that in the next bullish season,  BTC will make the $100K price.

the table itself is showing that the price of btc is indeed increasing throughout the years. we may have experienced a lot of ups and downs, but looking at the big picture - the market price is increasing.  from this market view, do you really think it is worth holding or buying btc even at today's price? in my opinion, it is!

[Piesel]

Today bitcoin is at its lowest level in 1.5 years - ohoh, bad times ahead if you ask me! No, kidding aside... I'm not worried about that. I think there will be a new all time high in a year.

I don't speculate any evil days ahead since Bitcoin market is an unpredictable one, but then we must be prepared for whatever happens in the future, and since Bitcoin is a highly volatile asset it becomes unnecessary to predict what its future holds.

But then again I see a bright day she'd for both bitcoin and some other good altcoin.

[lizarder]

The fact that you stated is actually a success that has happened and exists in Bitcoin. So that one will also not be wrong if they have to believe in the cycle and it will also not be worse if they consider it a myth even though most people who have known Bitcin for a long time have seen it happen with Bitcoin. Personally I still believe in 4 year cycles like you said, but that could also change when there is an earlier pump going on in Bitcoin before cycle time.

Thus I quite understand your involvement in bitcoin, considering the four-year cycle has occurred and is experienced by us. The fact is theoretically, that the cycle is true, although sometimes it shifts from four years.
While people who think this is a myth also have a point, maybe the involvement in bitcoin hasn't reached that stage yet, or it could be that they refuse to accept bitcoin's reaction.
Therefore, regardless of whether people want to believe it or not, bitcoin history can be traced easily at this time, and with that we will also know the true bitcoin cycle.

[wmaurik]

Thus I quite understand your involvement in bitcoin, considering the four-year cycle has occurred and is experienced by us. The fact is theoretically, that the cycle is true, although sometimes it shifts from four years.
While people who think this is a myth also have a point, maybe the involvement in bitcoin hasn't reached that stage yet, or it could be that they refuse to accept bitcoin's reaction.
Therefore, regardless of whether people want to believe it or not, bitcoin history can be traced easily at this time, and with that we will also know the true bitcoin cycle.

Those who have been involved in Bitcoin for a long time will certainly believe in the four-year cycle, especially if they have experienced two cycles with different price levels for eight years, obviously they will not consider this a myth. But for those who don't believe in Bitcoin or who only know Bitcoin from other people's talk, then they will consider this a myth and will even laugh at those who believe in the four year cycle.

[Learnoverse]

Crypto winter has not been over yet. We need to think that usually the floor after an ATH is around 365 and 395 days, it means, if in june we were touched the floor, this would become the earliest floor touched with 212 days... so probably we will see a next floor soon.

[KaliLinux]

Where will bitcoin's final bottom level be during this bear season

No one can know the actual bottom price of the Bitcoin market but according to the historical price of BTC, it appears to always lost around 80%-95% of its ATH price when it total market correction.

Even as at the current market price, BTC has dropped about -73% from the last ATH and from what you are saying, If the market will follow the previous level of drop from their ATHs, dropping -80% will put BTC price at around $13k+ and a dip to -90% will mean that BTCitcoin will be trading around $6k+, I really don't see that happening.

In the next bullish season, it is certain that BTC will make the $100K price that was predicted for the previous bullish market.

This is also possible looking at how much the Bitcoins price have to rise from the bottom of $3k+ 2018 to the 2021 ATH of $69+, more than 2000% and from current trading BTC to $100k would be about +450%. Even if we still see a bit more dip in price, I believe next ATH would surpass $100k.

[AakZaki]

I don't speculate any evil days ahead since Bitcoin market is an unpredictable one, but then we must be prepared for whatever happens in the future, and since Bitcoin is a highly volatile asset it becomes unnecessary to predict what its future holds.

But then again I see a bright day she'd for both bitcoin and some other good altcoin.

Making predictions is necessary, because predictions will give a little picture of what will happen in the future. Although the prediction will not be 100% accurate, but at least you can know what to prepare. The point of technical analysis is to find out what will happen to market prices in the future. Everything has been calculated and the history of bitcoin repeating itself is a marker or a clue. History will not repeat itself exactly, but will be influenced by other developments. sunny days for bitcoin and some of the top altcoins will be pretty good in the future and don't be too skeptical about the unpredictable bitcoin market.

[Abiky]

Those who have been involved in Bitcoin for a long time will certainly believe in the four-year cycle, especially if they have experienced two cycles with different price levels for eight years, obviously they will not consider this a myth. But for those who don't believe in Bitcoin or who only know Bitcoin from other people's talk, then they will consider this a myth and will even laugh at those who believe in the four year cycle.

That's certainly true, mate. Newcomers into crypto or even haters don't think Bitcoin will go up after every halving since they truly don't understand how it works. But crypto veterans like myself know that BTC's price usually goes up after each halving cycle (especially one year after the halving takes place). If history repeats itself, it's possible Bitcoin will reach a new All-time-high in price by 2025. That is if the global economy isn't in a bad state like it is right now.

The crypto winter is usually painful if you sell crypto to make a living within the short-term. But if you're in it for the long haul, it shouldn't be a problem. I'm pretty sure BTC will hit $100k in the future due to the way it was designed (deflationary mechanism). Just be patient and you'll be able to see great results in the future. Just my opinion

[Minecache]

Those who have been involved in Bitcoin for a long time will certainly believe in the four-year cycle, especially if they have experienced two cycles with different price levels for eight years, obviously they will not consider this a myth. But for those who don't believe in Bitcoin or who only know Bitcoin from other people's talk, then they will consider this a myth and will even laugh at those who believe in the four year cycle.

That's certainly true, mate. Newcomers into crypto or even haters don't think Bitcoin will go up after every halving since they truly don't understand how it works. But crypto veterans like myself know that BTC's price usually goes up after each halving cycle (especially one year after the halving takes place). If history repeats itself, it's possible Bitcoin will reach a new All-time-high in price by 2025. That is if the global economy isn't in a bad state like it is right now.

The crypto winter is usually painful if you sell crypto to make a living within the short-term. But if you're in it for the long haul, it shouldn't be a problem. I'm pretty sure BTC will hit $100k in the future due to the way it was designed (deflationary mechanism). Just be patient and you'll be able to see great results in the future. Just my opinion

The deflationary mechanism is only part of the bitcoin price going up, in order for bitcoin to continue to soar in the future, we also need increased demand for bitcoin. Without demand for bitcoin, deflation will not help bitcoin reach new ATHs.

Those who don't believe in bitcoin or newbies don't believe in 4-year cycle, but as long as bitcoin continues to rise after the halving then those people will start to believe and will invest more and more in bitcoin. Thereby driving bitcoin bigger and bigger, increased demand plus deflation will definitely make bitcoin price increase in the future, not just stopping at 100k USD.

[2stout]

Those who have been involved in Bitcoin for a long time will certainly believe in the four-year cycle, especially if they have experienced two cycles with different price levels for eight years, obviously they will not consider this a myth. But for those who don't believe in Bitcoin or who only know Bitcoin from other people's talk, then they will consider this a myth and will even laugh at those who believe in the four year cycle.

That's certainly true, mate. Newcomers into crypto or even haters don't think Bitcoin will go up after every halving since they truly don't understand how it works. But crypto veterans like myself know that BTC's price usually goes up after each halving cycle (especially one year after the halving takes place). If history repeats itself, it's possible Bitcoin will reach a new All-time-high in price by 2025. That is if the global economy isn't in a bad state like it is right now.

The crypto winter is usually painful if you sell crypto to make a living within the short-term. But if you're in it for the long haul, it shouldn't be a problem. I'm pretty sure BTC will hit $100k in the future due to the way it was designed (deflationary mechanism). Just be patient and you'll be able to see great results in the future. Just my opinion

The deflationary mechanism is only part of the bitcoin price going up, in order for bitcoin to continue to soar in the future, we also need increased demand for bitcoin. Without demand for bitcoin, deflation will not help bitcoin reach new ATHs.

Those who don't believe in bitcoin or newbies don't believe in 4-year cycle, but as long as bitcoin continues to rise after the halving then those people will start to believe and will invest more and more in bitcoin. Thereby driving bitcoin bigger and bigger, increased demand plus deflation will definitely make bitcoin price increase in the future, not just stopping at 100k USD.

With all the inflation going on globally, I don't think increased demand is going to be a problem as people will research for an inflationary, anti-fiat solution and will be pointed into the direction of Bitcoin and choose on their own accord.

[Minecache]

snip

With all the inflation going on globally, I don't think increased demand is going to be a problem as people will research for an inflationary, anti-fiat solution and will be pointed into the direction of Bitcoin and choose on their own accord.

If what you say is true then bitcoin should have been up for a long time, not bitcoin that is falling and is likely to fall even more if inflation continues to rise. Yes, while inflation occurs, everyone wants to find something to fight inflation, but not everyone can do it when the prices of food, consumer goods...everything goes up 20-30% and people won't have enough to spend on a daily basis let alone invest to fight inflation. Maybe in the next crisis bitcoin will be the option but for now it is not the best option, when it also cannot avoid the effects of inflation.

[wmaurik]

With all the inflation going on globally, I don't think increased demand is going to be a problem as people will research for an inflationary, anti-fiat solution and will be pointed into the direction of Bitcoin and choose on their own accord.

The problem is that not everyone can get directions to choose Bitcoin when fiat inflation is still going on, because there are still many people who don't know how Bitcoin will work in each year. Although it is generally clear that Bitcoin can be used as a solution to fighting inflation, those who are not familiar with Bitcoin will still feel inflation without thinking of a better solution. Because not everyone wants to direct other people to Bitcoin if the person being directed is not familiar with Bitcoin in general.

[lizarder]

The fact that you stated is actually a success that has happened and exists in Bitcoin. So that one will also not be wrong if they have to believe in the cycle and it will also not be worse if they consider it a myth even though most people who have known Bitcin for a long time have seen it happen with Bitcoin. Personally I still believe in 4 year cycles like you said, but that could also change when there is an earlier pump going on in Bitcoin before cycle time.

Even so, many people still regard this as a kind of myth, sometimes the four year cycle doesn't work out according to the previous price levels. For example, the achievement of ATH in 2021, people will think this pattern will experience the same thing in the next four years, although the price in the following year may be different from the previous year.

If I'm not mistaken bitcoin broke its high price on 20-10-2021, this shows that bitcoin's strength can hold value far more perfectly than any other investment, although without ignoring the correction in bitcoin's journey. For now there is no sign of bitcoin going through its next ATH. What do you think?