Bottom For Bitcoin?

[Ziskinberg]

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.

Now is probably the best time to invest in bitcoin but be careful as I feel the price hasn't bottomed out yet and can drop further. Maybe you can buy more bitcoin while monitoring the market situation so you know what to do. Bitcoin will recover, although we don't know when it will. We can only hope and try to have a lot of bitcoins to get big profits.

Well, we are not sure if we are at the bottom already as the price of Bitcoin seems moving fast up and down. The volatile nature of the market is making it hard to tell when but I guess, we need to make a decision right now rather than waiting for the bottom price if there is. Thinking about buying at $19,500 is good enough compared to buying at $20,000. I buy Bitcoin without thinking for a bigger profit but what I just think is all about growing my money. Even just having 20-30% profit growth, I was already contented enough.

[GatotKaca]

Well, we are not sure if we are at the bottom already as the price of Bitcoin seems moving fast up and down. The volatile nature of the market is making it hard to tell when but I guess, we need to make a decision right now rather than waiting for the bottom price if there is. Thinking about buying at $19,500 is good enough compared to buying at $20,000. I buy Bitcoin without thinking for a bigger profit but what I just think is all about growing my money. Even just having 20-30% profit growth, I was already contented enough.

if you invest in bitcoin with 20-30% profit growth I think it's big. but if you just want to enter the market, it is better to wait more patiently. the market moment is still confusing, and not good for getting into trading. but if you are not interested in a lower price, you can buy it now and hold it according to your investment plan.
but in my opinion, this market recovery will take quite a long time.

[iv4n]

Well, like some other members already pointed out, OP should think about what he wants first! Dollar-cost average is one of the good long-term strategies, until now (and I belive in the future will be the same) this strategy didn't disappoint, at least when it comes to investing in Bitcoin and some other top coins!

The bottom for Bitcoin this time is hard to guess, and it's more for the speculation section! Simply we can speculate how deep the BTC price can go, but it's just lucky guessing! Who has money for buying should split the amount and buy from time to time, maybe one of the purchases will be on the bottom!

[Quidat]

Well, we are not sure if we are at the bottom already as the price of Bitcoin seems moving fast up and down. The volatile nature of the market is making it hard to tell when but I guess, we need to make a decision right now rather than waiting for the bottom price if there is. Thinking about buying at $19,500 is good enough compared to buying at $20,000. I buy Bitcoin without thinking for a bigger profit but what I just think is all about growing my money. Even just having 20-30% profit growth, I was already contented enough.

if you invest in bitcoin with 20-30% profit growth I think it's big. but if you just want to enter the market, it is better to wait more patiently. the market moment is still confusing, and not good for getting into trading. but if you are not interested in a lower price, you can buy it now and hold it according to your investment plan.
but in my opinion, this market recovery will take quite a long time.

All are presumptions considering that this market is truly unpredictable and there's no way that we could actually know on what's the bottom price which simply tells us that everytime it could really make out some significant move or about recovery which is something that we can't predict and that's why we do keep on guessing and speculating on where prices could actually go and stop.Bottom and peak or top prices are always the main question in mind that's why risk taking factor will really vary or depend on each person on how they would gonna handle it.

[tigerwood0432]

oh , every 2-4 years is the same patern , Nothing new .

1) oh my god , btc broke the suppot !!!  its the end of bitcoin !!!!
2) medias : bitcoin is a scam !!! We TOLD YOU ! gnah gnah gnahhh !!! 452 times (source 99bitcoins site)
3) it seems like btc reached the support and bounce back .
4) bitcoin is up again
5) bitcoin up to 50% +, new trend bullish
6) Bitcoin price get a new high at : 20$ ...200$ ....20,000$....... 200,000$ .......

Rince and repeat

[sklopan]

Not so long ago, I wrote in the same thread, where I said that the bottom of bitcoin would not be so low. Although, every day in the evening I go in and think if I was right ...

[Shasha80]

Well, we are not sure if we are at the bottom already as the price of Bitcoin seems moving fast up and down. The volatile nature of the market is making it hard to tell when but I guess, we need to make a decision right now rather than waiting for the bottom price if there is. Thinking about buying at $19,500 is good enough compared to buying at $20,000. I buy Bitcoin without thinking for a bigger profit but what I just think is all about growing my money. Even just having 20-30% profit growth, I was already contented enough.

if you invest in bitcoin with 20-30% profit growth I think it's big. but if you just want to enter the market, it is better to wait more patiently. the market moment is still confusing, and not good for getting into trading. but if you are not interested in a lower price, you can buy it now and hold it according to your investment plan.
but in my opinion, this market recovery will take quite a long time.

All are presumptions considering that this market is truly unpredictable and there's no way that we could actually know on what's the bottom price which simply tells us that everytime it could really make out some significant move or about recovery which is something that we can't predict and that's why we do keep on guessing and speculating on where prices could actually go and stop.Bottom and peak or top prices are always the main question in mind that's why risk taking factor will really vary or depend on each person on how they would gonna handle it.

The current market conditions are very bad, because the price of Bitcoin continues to decline and finally what I fear is happening the price of
Bitcoin is now down below $ 20k. This decline will definitely make some investors panic, I believe the price of Bitcoin will still fall even lower
than the current price. But we all will not be able to know the lowest price of Bitcoin, for sure I really hope the price of Bitcoin will not drop
below the price of $ 15k. I suggest with a market situation like this not to trade first, because the risk is very high. Then we should stay calm
and not worry about the bad market situation, keep holding the Bitcoin that we have and have to believe in the future of Bitcoin. However Bitcoin
will always recover again, but the problem is that we all will not know when Bitcoin will recover. There really isn't much that can be done
in the current situation, maybe just be patient and wait for the market to recover the best we can do right now.

[ScamViruS]

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 you want to invest for the long term with Bitcoin, then I don't think you need to worry about the current base of Bitcoin because every correction that occurs is of course a momentum for us to buy some BTC at a cheaper price and make sure you use cold money because if you decide to invest Bitcoin in the long term you should be prepared to hold it until the bull market has returned and so that you will get the maximum return.

If any investor wants to make a long term investment, now is the ideal time to buy Bitcoin. Because, most of the people in the crypto world don't think that the bitcoin market will come to this level, but the market has actually come to this level. Now, if anyone enters the market, it may be a good thing for him, because it was beyond the imagination of many to see Bitcoin below $20k again. As Bitcoin now offers another opportunity, investors should make long term plans to buy Bitcoin.

[South Park]

If any investor wants to make a long term investment, now is the ideal time to buy Bitcoin. Because, most of the people in the crypto world don't think that the bitcoin market will come to this level, but the market has actually come to this level. Now, if anyone enters the market, it may be a good thing for him, because it was beyond the imagination of many to see Bitcoin below $20k again. As Bitcoin now offers another opportunity, investors should make long term plans to buy Bitcoin.

When we take into account the long term prospects of bitcoin then without a doubt this is a good entry point, however it is also important to be careful since the price is still going down, there were people which bought at 30k which are now mad they did not catch the bottom, and even if the price at which they bought their bitcoin is a really good one, at the same time some of them are already showing signs that they may not be able to hold their coins anymore in the case the price keeps going down, since they never expected for things to get this bad.

[sklopan]

Now I have only one question brewing - is it worth taking now? It seems that the price is quite pleasant, and if it is worth waiting for growth, then maybe it's time to buy it?

[ethereumhunter]

Now is probably the best time to invest in bitcoin but be careful as I feel the price hasn't bottomed out yet and can drop further. Maybe you can buy more bitcoin while monitoring the market situation so you know what to do. Bitcoin will recover, although we don't know when it will. We can only hope and try to have a lot of bitcoins to get big profits.

Well, we are not sure if we are at the bottom already as the price of Bitcoin seems moving fast up and down. The volatile nature of the market is making it hard to tell when but I guess, we need to make a decision right now rather than waiting for the bottom price if there is. Thinking about buying at $19,500 is good enough compared to buying at $20,000. I buy Bitcoin without thinking for a bigger profit but what I just think is all about growing my money. Even just having 20-30% profit growth, I was already contented enough.
[/quote]
Today, bitcoin has returned to $20k and is making a hefty profit for people. 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.

[joeperry]

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.

Nobody knows, but according to the analyzes and the data we have and with the recent move made by the Federal Reserve, we are safe, as the price of 20k may be considered the bottom, but if things develop, we may see levels such as 15k to 17k.

I agree with this one, I actually waiting for the $15k dip as it is still valid as of now but in my opinion if the price reaches $25k or $30k without hitting $15k I think it would now continuously go towards $60k and I hope even more. Right now I am still unsure where the price is going but I am sure that it is possible that it may hit $15k so what I do now is day trading rather than swing trading.

[forestx]

with sheer panic setting in I transferred 3/4 of my btc and all alt coins to USDT and USDC over the weekend I dont know if that was wise or not.
I have a target to buy back in on the lower side but dont know about the upper stages if we go over 23k for example if I will take the loss

[Silberman]

with sheer panic setting in I transferred 3/4 of my btc and all alt coins to USDT and USDC over the weekend I dont know if that was wise or not.
I have a target to buy back in on the lower side but dont know about the upper stages if we go over 23k for example if I will take the loss

Only time will tell if what you did was the right choice or not, however even if things end up well for you I will always think that taking a decision because you became victim of panic is a bad thing no matter how I look at it, you also need to be incredibly careful, because even if I consider those two coins better than UST, you never know when another stable coin could collapse almost overnight and make you lose the rest of your money.

[sklopan]

Absolutely right. I think that very often it is panic that plays an extremely negative role on the results of work.

[justdimin]

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.

[sklopan]

Many say that the bottom is still ahead and are waiting for a lower price. To be honest, I still doubt and just wait. I think soon the price will please.

[Iadegbola34]

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!!!

[Vaculin]

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.

Unfortunately, no one is good enough to predict the bottom price of bitcoin. Everything are just speculations and they only based their predictions from their own market analysis. But hey, looking at the current bitcoin price, its already a good price to buy and hold. So start investing and never wait for another dump as you may lose the chance again to invest. Do DCA so you can be sure you're not missing the bottom price if its really the bottom of this bearish market.

[Sanitough]

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.