Bottom For Bitcoin?

[CaVO32]

What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

You can't precisely predict the bottom price of bitcoin since its always uncertain in the first place. No one here is good enough to do that. But you can still invest even if it's not the bottom price, just by doing DCA. After all, your aim is to hold bitcoin for long term investment so even if you don't buy at its bottom, as long as you only sell them at its good and reasonable price, you will still be profitable. Just be patient once you invest as bitcoin may not recover its price easily as it could take a year for it to recover.

We can only speculate about the bottom price but we can't be very sure what price level it will hit rock bottom for this bear season. Like for example, we can say, it may hit the $15k level but who are you gonna believe, right? So it really depends on how will the market behaves in the coming days. Even the so-called experts in this industry, can't guarantee what level we will stop or what will be the bottom price in this bearish period. And you may want to take advantage of this opportunity if you want to get more satoshis.

[Kasabus]

Well no prediction is accurate and trying to find buttom isn't what should be the concern because we are never going to be certain about that all we do is predict from what chart we have. For the moment we are sure the trend is still down and I believe this month is going to close before a contrary prediction will be seen. I can say maybe we can see more bear to $12,705 but this is just for my personal consumption not an expert advise , trade or hodl consciously.

It's hard to invest looking for the bottom price as we don't even know if its the bottom in this bear market. But seeing the market is really in downtrend, then it's certainly a good time to invest. No need to wait for another market dump, the current price is already cheap and very affordable for us to invest. However, doing DCA can be very useful this time as it could maximize your bitcoin purchase in every price drop.

[bitcrystal]

No one can actually tell you the bottom for bitcoin. If anyone feels you he knows the bottom then maybe he is lieing or decieving you. Looking at the chart now it dosent seem as if bitcoin is done dumping so if you start buying now you will do more DCA if more dump come and you are likely to wait longer time for recovery depending on how fast or slow things happen. So for me I remain patient for now.

[bhooscream]

Have we ever really known how much Bitcoin really bottomed out in every crash? Maybe we can predict it, but can't be sure if it's true or not. Moreover, this number will continue to change according to the market, news, and also some other indicators?

..so if you start buying now you will do more DCA if more dump come and you are likely to wait longer time for recovery depending on how fast or slow things happen.

Exactly. Many people moreover beginners may only think about short-term investment to turn back the money and get high profits. But in fact, the market may not meet our expectations, the reality may be different, the price may keep decreasing and our asset value is decreasing.  But if for long-term holders exactly, this kind of market is a happy day because we can add more Bitcoin in lower rate by DCA, not all in.

[rozak]

Have we ever really known how much Bitcoin really bottomed out in every crash? Maybe we can predict it, but can't be sure if it's true or not. Moreover, this number will continue to change according to the market, news, and also some other indicators?

..so if you start buying now you will do more DCA if more dump come and you are likely to wait longer time for recovery depending on how fast or slow things happen.

Exactly. Many people moreover beginners may only think about short-term investment to turn back the money and get high profits. But in fact, the market may not meet our expectations, the reality may be different, the price may keep decreasing and our asset value is decreasing.  But if for long-term holders exactly, this kind of market is a happy day because we can add more Bitcoin in lower rate by DCA, not all in.

short-term investments that beginners think will yield little profit. because the market moves with just a few pumps, it makes beginners panic to immediately sell the assets they have.
we never know the basis of bitcoin. but we can anticipate a downturn in the market to collect more of our long-term assets. trading will give us small money, while long-term investment will give us more.

[breathlessz]

Well no prediction is accurate and trying to find buttom isn't what should be the concern because we are never going to be certain about that all we do is predict from what chart we have. For the moment we are sure the trend is still down and I believe this month is going to close before a contrary prediction will be seen. I can say maybe we can see more bear to $12,705 but this is just for my personal consumption not an expert advise , trade or hodl consciously.

It's hard to invest looking for the bottom price as we don't even know if its the bottom in this bear market. But seeing the market is really in downtrend, then it's certainly a good time to invest. No need to wait for another market dump, the current price is already cheap and very affordable for us to invest. However, doing DCA can be very useful this time as it could maximize your bitcoin purchase in every price drop.

how do we wait if it turns out that the price has experienced a bullrun, do we not buy or buy at the price when there is a bullrun. so I think when there is a decline like this time is a good time to buy little by little, if there is another decline it means we can buy it back, and if the market has experienced a bullrun, at least we have assets to prepare to take profit, so it's all about money management and analysis

[Silberman]

This is still a very cheap price to buy BTC compared to its ATH. BTC has got all the potential to double or even triple your investment in few months. Unless you're looking for a short-term profit.

Don't miss the moon while chasing the stars!!!

While without a doubt bitcoin can go up in price and give those kind of profits with ease, I think it is a mistake to think those profits can be made during the next months, people are very scared not only because of what it is happening in the bitcoin market but all over the world, and a few months are not going to be enough to dissipate the doubts that investors and the general public have on the economy, so it is better to tone down our predictions for the time being

[ningrum]

This is still a very cheap price to buy BTC compared to its ATH. BTC has got all the potential to double or even triple your investment in few months. Unless you're looking for a short-term profit.

Don't miss the moon while chasing the stars!!!

While without a doubt bitcoin can go up in price and give those kind of profits with ease, I think it is a mistake to think those profits can be made during the next months, people are very scared not only because of what it is happening in the bitcoin market but all over the world, and a few months are not going to be enough to dissipate the doubts that investors and the general public have on the economy, so it is better to tone down our predictions for the time being

What is happening right now in the world does make us worry and the problem seems very complex,
at this time we can see for ourselves that the global economy is in chaos and it also indirectly affects the crypto market,
Besides that, we can see that almost all countries are experiencing inflation and it is not easy to overcome all of this

[sklopan]

Not so long ago I read an analyst who predicts a price of 0 for bitcoin. So I imagine this moment, and I think - how many of them to take at that price?

[lienfaye]

how do we wait if it turns out that the price has experienced a bullrun, do we not buy or buy at the price when there is a bullrun. so I think when there is a decline like this time is a good time to buy little by little, if there is another decline it means we can buy it back, and if the market has experienced a bullrun, at least we have assets to prepare to take profit, so it's all about money management and analysis

DCAing is a good strategy because its less risky compared to using all your funds at once. Anyway the current price is still cheap, its best to buy during this time instead of waiting for the price to recover before buying. As long as you can hold longer and willing to wait patiently until bullrun occur then you can buy now. We're not certain whats the real bottom but think the current price is reasonable to buy.

[AicecreaME]

What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

If someone can predict the dip, for sure he won't tell anyone and if someone really can, he could also predict the next all time high.

To answer your another question, the best time to invest is when you trust your technical analysis about the next dip, if you happy about the dip, buy it, if not, then don't. Though hesitating so much even though you've done your part will give you only regrets at the end, sometimes not. For me, when you bought at $17,600, it's not that bad because that far enough from it's last all time high.

[popeye95]

I think right now, it was too soon to say Bitcoin has bottomed out. Many said 'price right now is good' but that's only because we are now just recovered from a low price last weak. Need to be a few more weeks or months in green to actually be out of the bearish trend.

[ShowOff]

DCAing is a good strategy because its less risky compared to using all your funds at once. Anyway the current price is still cheap, its best to buy during this time instead of waiting for the price to recover before buying. As long as you can hold longer and willing to wait patiently until bullrun occur then you can buy now. We're not certain whats the real bottom but think the current price is reasonable to buy.

Obviously DCA is the best choice when the market is bearish, giving investors and traders the opportunity to buy a number of assets at low prices. But if they know that dip and DCA is a better strategy combination then now they have made some profit. I understand why some people worry about deciding when is the right time to make a purchase, but once they realized that $17.7K was the low point during the correction, then I'm sure they regretted not buying at this point.

[Cling18]

I think right now, it was too soon to say Bitcoin has bottomed out. Many said 'price right now is good' but that's only because we are now just recovered from a low price last weak. Need to be a few more weeks or months in green to actually be out of the bearish trend.

It will still take a long time before Bitcoin recovers again not unless a huge event will occur that will affect its value positively. I guess it will take long months before Bitcoin hit a better price again and we're still not at that bottom price. There's no accurate prediction though but we could base things on its history.

[ethereumhunter]

As long as they are not greedy for profit, they can profit from bitcoin trading. The bitcoin market is still going up and down erratically and will continue to do so. People who already bought it at a low price can now sell it for profit but can also hold it for longer and only sell it when the price rises higher than it is now. Getting 20%-30% profit is enough because it is very difficult to make a profit nowadays.

The quick recovery is basically just the proof that we are in a market where 20k is pretty strong resistance. People know that it was the previous ATH in 2017 and they believe that we are not "that" bad right now and that is why buying when it is under there is pretty easy decision.

Doesn't mean that it can't go lower, it can still go lower way down if people end up selling a lot, but there is a difference between 40k and then suddenly under 20k, it is easier to buy some here. I didn't do it unfortunately, I should have done it, considered doing it but honestly I didn't had the courage this time around because felt like maybe it would go down more, it was a mistake, wish I bought some more.

Luckily I could buy a few bitcoins when they were under $20k. But I'm sad that I only bought a few bitcoins yesterday when I could have bought more. Maybe because I thought that my analysis had said the price could drop to a lower level but it turned out that the price could bounce after reaching a price level that I could buy. Well, at least I can increase my current bitcoin amount and what's exciting is that I can sell it right now if I want but I guess I'll just hold on to it for the time being. Maybe later, I'll sell some first, take my initial money, and save the rest for the next hike.

[Kelvinid]

I think right now, it was too soon to say Bitcoin has bottomed out. Many said 'price right now is good' but that's only because we are now just recovered from a low price last weak. Need to be a few more weeks or months in green to actually be out of the bearish trend.

It will still take a long time before Bitcoin recovers again not unless a huge event will occur that will affect its value positively. I guess it will take long months before Bitcoin hit a better price again and we're still not at that bottom price. There's no accurate prediction though but we could base things on its history.

That was the story and it will recover as it is supposed to be. Therefore, we have to keep our trust, we can't predict when but certainly it will come someday. So far, the market is moving a little bit high turning it green and this leaves the confidence that there is really a chance for recovery. Patience is somewhat we need, maybe we are not yet finished with the bear season but actually, seeing the market development it somewhat gives a good feeling to the holders and to those who bought Bitcoin at $30k (and higher).

[goaldigger]

I think right now, it was too soon to say Bitcoin has bottomed out. Many said 'price right now is good' but that's only because we are now just recovered from a low price last weak. Need to be a few more weeks or months in green to actually be out of the bearish trend.

If Bitcoin able to break the resistance level then we can safely say the Bitcoin has bottomed out but of course there’s still a chance for a failed breakout and we should continue to watch the candle sticks of Bitcoin. The market is still unstable, the economy of many countries are getting worst and this could affect Bitcoin price as well. Let’s be more patient on holding, know that you’re not the only one losing here and better to have a good motivation to continue buying because this bear will eventually end in time, this is not a bear market forever.

[South Park]

As long as they are not greedy for profit, they can profit from bitcoin trading. The bitcoin market is still going up and down erratically and will continue to do so. People who already bought it at a low price can now sell it for profit but can also hold it for longer and only sell it when the price rises higher than it is now. Getting 20%-30% profit is enough because it is very difficult to make a profit nowadays.

The quick recovery is basically just the proof that we are in a market where 20k is pretty strong resistance. People know that it was the previous ATH in 2017 and they believe that we are not "that" bad right now and that is why buying when it is under there is pretty easy decision.

Doesn't mean that it can't go lower, it can still go lower way down if people end up selling a lot, but there is a difference between 40k and then suddenly under 20k, it is easier to buy some here. I didn't do it unfortunately, I should have done it, considered doing it but honestly I didn't had the courage this time around because felt like maybe it would go down more, it was a mistake, wish I bought some more.

Luckily I could buy a few bitcoins when they were under $20k. But I'm sad that I only bought a few bitcoins yesterday when I could have bought more. Maybe because I thought that my analysis had said the price could drop to a lower level but it turned out that the price could bounce after reaching a price level that I could buy. Well, at least I can increase my current bitcoin amount and what's exciting is that I can sell it right now if I want but I guess I'll just hold on to it for the time being. Maybe later, I'll sell some first, take my initial money, and save the rest for the next hike.

The price is still accessible enough as it is barely above the 20k level and even then there is a chance the price will go below that price once gain, so it is important to get all the fiat we can during that time as the best possible time to invest in bitcoin is still ahead of us, but the window of opportunity in which we can do this will be incredibly small and if we are not ready by that time then we are going to definitely miss the best opportunity that we will have to buy bitcoin for cheap price.

[GelatikKembar]

As long as they are not greedy for profit, they can profit from bitcoin trading. The bitcoin market is still going up and down erratically and will continue to do so. People who already bought it at a low price can now sell it for profit but can also hold it for longer and only sell it when the price rises higher than it is now. Getting 20%-30% profit is enough because it is very difficult to make a profit nowadays.

The quick recovery is basically just the proof that we are in a market where 20k is pretty strong resistance. People know that it was the previous ATH in 2017 and they believe that we are not "that" bad right now and that is why buying when it is under there is pretty easy decision.

Doesn't mean that it can't go lower, it can still go lower way down if people end up selling a lot, but there is a difference between 40k and then suddenly under 20k, it is easier to buy some here. I didn't do it unfortunately, I should have done it, considered doing it but honestly I didn't had the courage this time around because felt like maybe it would go down more, it was a mistake, wish I bought some more.

Luckily I could buy a few bitcoins when they were under $20k. But I'm sad that I only bought a few bitcoins yesterday when I could have bought more. Maybe because I thought that my analysis had said the price could drop to a lower level but it turned out that the price could bounce after reaching a price level that I could buy. Well, at least I can increase my current bitcoin amount and what's exciting is that I can sell it right now if I want but I guess I'll just hold on to it for the time being. Maybe later, I'll sell some first, take my initial money, and save the rest for the next hike.

The price is still accessible enough as it is barely above the 20k level and even then there is a chance the price will go below that price once gain, so it is important to get all the fiat we can during that time as the best possible time to invest in bitcoin is still ahead of us, but the window of opportunity in which we can do this will be incredibly small and if we are not ready by that time then we are going to definitely miss the best opportunity that we will have to buy bitcoin for cheap price.

It seems so considering the market is still in a bearish condition and make good use of this opportunity to invest in Bitcoin,
no need to hesitate because Bitcoin is the top coin and I'm sure it will return to the highest price later,
and we can buy it gradually while waiting for the price to come back down

[Silberman]

This is still a very cheap price to buy BTC compared to its ATH. BTC has got all the potential to double or even triple your investment in few months. Unless you're looking for a short-term profit.

Don't miss the moon while chasing the stars!!!

While without a doubt bitcoin can go up in price and give those kind of profits with ease, I think it is a mistake to think those profits can be made during the next months, people are very scared not only because of what it is happening in the bitcoin market but all over the world, and a few months are not going to be enough to dissipate the doubts that investors and the general public have on the economy, so it is better to tone down our predictions for the time being

What is happening right now in the world does make us worry and the problem seems very complex,
at this time we can see for ourselves that the global economy is in chaos and it also indirectly affects the crypto market,
Besides that, we can see that almost all countries are experiencing inflation and it is not easy to overcome all of this

True, the conditions for such a growth are not there right now, people are afraid of what it is coming and they are taking refuge in some of the traditional assets like the dollar in order to protect from the crisis that is coming, however I really think that the dollar will begin to show signs of weakness and they will be crushed, that is when investors will begin to look for alternatives and that is when bitcoin and its independence from the governments will become attractive to investors once again.