Today is the day

[justdimin]

Hopefully you'll be pleased to hear that price is now above the average mining cost of $19 682. Hurrah! Also bear in mind that Bitcoin traded below the 200WMA for multiple weeks in 2015, and it wasn't a disaster, it was instead in the end of the bear market. Just saying. It's only the 50 Month MA Bitcoin's price has never closed below, this is at the moment around current price level.

Mining price doesn't "really" matter all that much. The whole point of 200 MA is the fact that it has been low long enough, it means that we went through the painful stage and we are ready to go up now. Doesn't mean that we will, it just shows how terrible it has been, and doing that for a few week in a row means that we have been undervalued for so long, maybe months at sometimes, I didn't check the past sorry.

This usually results with the market going back up, doing great job, but of course it is not a must and could stay low. With the mining price deal, it is not really that important because they just keep it going since closing shop is a big deal and why not just take a few hit, and cash out later when it goes up, easier than stopping all operations.

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[xSkylarx]

It's either a generational buying opportunity with bitcoin being the most oversold it's ever been, or it's the end of bitcoin and it's finally dead LOL

It's more of an opportunity for me rather than thinking that this is the end for bitcoin. Every bear market, people says bitcoin is dead and they won't buy it anymore. They don't see it as an opportunity to buy at a very cheap price but once market starts going up again and bitcoin is pumping like crazy, people become euphoric when buying it. This is the time where whales are accumulating so you should do the same too not fomo when it's already almost at its peak.

[Yaunfitda]

It's either a generational buying opportunity with bitcoin being the most oversold it's ever been, or it's the end of bitcoin and it's finally dead LOL

It's more of an opportunity for me rather than thinking that this is the end for bitcoin. Every bear market, people says bitcoin is dead and they won't buy it anymore. They don't see it as an opportunity to buy at a very cheap price but once market starts going up again and bitcoin is pumping like crazy, people become euphoric when buying it. This is the time where whales are accumulating so you should do the same too not fomo when it's already almost at its peak.

It's always been an opportunity to all of us buying at the lowest of $17,500 no doubt about that. As for bitcoin being dead? it has been declared many times already but we always managed to get up and then goes on another all time high. This will be the case again in 2024. Maybe the perma-bears will have a good time trolling us, but once bitcoin goes up again, they will go hide under the rock and remain and hibernate.

[Wawa2013]

It's either a generational buying opportunity with bitcoin being the most oversold it's ever been, or it's the end of bitcoin and it's finally dead LOL

It's more of an opportunity for me rather than thinking that this is the end for bitcoin. Every bear market, people says bitcoin is dead and they won't buy it anymore. They don't see it as an opportunity to buy at a very cheap price but once market starts going up again and bitcoin is pumping like crazy, people become euphoric when buying it. This is the time where whales are accumulating so you should do the same too not fomo when it's already almost at its peak.

For those of you and I who are familiar with the crypto world, will definitely consider the current bear market as the right time to buy Bitcoin.
Because if we study the movement of Bitcoin well, we will find that Bitcoin has experienced deep dumps several times. But it can always recover
again and even rise higher than the previous price. So it never occurred to me that Bitcoin would die. I have missed the opportunity to buy Bitcoin
at low prices several times, so now I will not delay buying Bitcoin, because I don't want to regret again missing buying Bitcoins at low prices.
Based on my prediction, Bitcoin price will likely return to $30k in the near future, so buying Bitcoin now is a good decision. If my prediction is
wrong and it turns out that Bitcoin is still going to fall deeper, it can't make me panic. I just hold the Bitcoin I have until the market recovers,
because I always believe Bitcoin will recover again.

[Zanab247]

When the price of bitcoin plunged so deep from the ATH level many speculated that bitcoin would die. But in reality it never happened. If people are experienced and have been investing in bitcoin for a long time then the drop in the price of bitcoin is not surprising, they even take advantage of the price drop situation to buy and increase their portfolio and hold on for the long term to get big profits someday.

Those people panicking that bitcoin will die soon are newbies, because many bitcoin investors knew that this is the best time to buy bitcoin and hold for the price to move higher before they can sell to make a good income. This is the best period to make huge amount of money from bitcoin because the price has fall to $20k few days ago that is making people to buy more bitcoin and add to the ones they had bought when the price was $30k in the crypto market.

[Yamifoud]

When the price of bitcoin plunged so deep from the ATH level many speculated that bitcoin would die. But in reality it never happened. If people are experienced and have been investing in bitcoin for a long time then the drop in the price of bitcoin is not surprising, they even take advantage of the price drop situation to buy and increase their portfolio and hold on for the long term to get big profits someday.

Those people panicking that bitcoin will die soon are newbies, because many bitcoin investors knew that this is the best time to buy bitcoin and hold for the price to move higher before they can sell to make a good income. This is the best period to make huge amount of money from bitcoin because the price has fall to $20k few days ago that is making people to buy more bitcoin and add to the ones they had bought when the price was $30k in the crypto market.

Most are newbies but there are certain people who are here for many years that still have that feeling especially when they bought Bitcoin during ATH. Well, I understand their feelings, it was their emotions that drag them to think that way that is why upon investing in crypto we must be sure that we are strong enough to face the consequences with this form of investment as the risk is too high. And those who come with such preparation will likely end up profiting.

[GeorgeJohn]

We have it folks. The first time in bitcoin's history when the price went below the ATH from the previous cycle.
We also are below the 200 week moving average, which happens like... never.
We have a fear and greed index of 6, which happened only once in history.

It's either a generational buying opportunity with bitcoin being the most oversold it's ever been, or it's the end of bitcoin and it's finally dead LOL

bitcoin acceleration always have two methods of involvement in history of it's expansion in value and degradation as well. The two things Bitcoin experience is falling and rising and when the falling aspect happened people feels it's the ends of bitcoin.

Bitcoin falling and rising, it's seems from my perspective as correction not like it's ends of bitcoin validation. Because if we peruse into it seriously we have to denote that it's how cryptocurrency works and this is not the first time it do undergoes rising and falling.

[kesmex]

Today is The day?, what is the price of Bitcoin today Breakout?
because many expert traders say Bitcoin breakout and bullish in the near future, do you guys also analyze it?
and do you have bought altcoins and bitcoins today? if so maybe I should also analyze it, thank you

[darewaller]

For those of you and I who are familiar with the crypto world, will definitely consider the current bear market as the right time to buy Bitcoin.
Because if we study the movement of Bitcoin well, we will find that Bitcoin has experienced deep dumps several times. But it can always recover again and even rise higher than the previous price. So it never occurred to me that Bitcoin would die. I have missed the opportunity to buy Bitcoin at low prices several times, so now I will not delay buying Bitcoin, because I don't want to regret again missing buying Bitcoins at low prices.

All of those dumps were recovered, not only recovered but it became very big and very profitable later on as well. We are in the bitcoin world and for all of us who have been here for a while, we all know that it is not going to be a shocking thing at all, it is something quite normal and expected anyways.

I personally feel like the recovery will not start for another year, but that is not an important factor for me because I know that I will make a profit one way or another. This is why it is quite important to realize that what you do in this market doesn't matter as long as you know what you are going to do with it later on.

If you want to buy, buy it and buy as much as you can, but know that it will take a while before you sell, if you buy it today to sell a week later, that may not work out well for you. If you sell right now, know that you will need to be quick to rebuy when the prices start to go back up. So, it is never about what you do now, it is about what you will do later on.

[fullhdpixel]

bitcoin acceleration always have two methods of involvement in history of it's expansion in value and degradation as well. The two things Bitcoin experience is falling and rising and when the falling aspect happened people feels it's the ends of bitcoin.

Bitcoin falling and rising, it's seems from my perspective as correction not like it's ends of bitcoin validation. Because if we peruse into it seriously we have to denote that it's how cryptocurrency works and this is not the first time it do undergoes rising and falling.

It is such a regular thing by now that everyone is used to it. I get that there are tons of people who are not sure about what bitcoin will do, but the reality is that we are not going to really see anything that would be interesting to the trained eye. There will be ups and there will be downs and both of them will happen in a cycle and we are down with it, and we are aware of it.

The best thing we can do right now would be to stay quite, try to see the market, check it, buy as much as we can afford, and just stay out from all the craziness that is going on. I believe that even if there could be some falls in the short term, the price will go up in the long term so it is not a big deal.

[EdenHazard]

We have it folks. The first time in bitcoin's history when the price went below the ATH from the previous cycle.
We also are below the 200 week moving average, which happens like... never.
We have a fear and greed index of 6, which happened only once in history.

It's either a generational buying opportunity with bitcoin being the most oversold it's ever been, or it's the end of bitcoin and it's finally dead LOL

bitcoin acceleration always have two methods of involvement in history of it's expansion in value and degradation as well. The two things Bitcoin experience is falling and rising and when the falling aspect happened people feels it's the ends of bitcoin.

Bitcoin falling and rising, it's seems from my perspective as correction not like it's ends of bitcoin validation. Because if we peruse into it seriously we have to denote that it's how cryptocurrency works and this is not the first time it do undergoes rising and falling.

When everyone else thinks that bitcoin gonna die , you should think the other way.

we have witnessed it, not long ago. pre-covid19 back in early 2020 where bitcoin plunged from $20k to nearly $2k , everyone getting panic and selling their bitcoin for very cheap price tag.. and then few months later , it's explode 30 times!
keep buying piece by piece and put a trust 100 percent in bitcoin for whatever it is.
your chance to become a millionaire are very clear but not much can see it , can resist how the price moving up and down really fast , so do i tho.

[GeorgeJohn]

If you look at logarithmic models then this was expected to happen after the next halving.

And yet people still thinks that bitcoin is going to see it's end everytime the market is on its red days. My newsfeed is full of these kind of people again, they're prophesizing that the cryptocurrency market is facing its end, I just laugh at all of them though, while they're panicking, here I am stockpiling my stash and waiting for the prices to go down much more.

people who is thinking or having the thought that bitcoin is dead, is people who don't really know the regulations of bitcoin. I'm not wondering or bothered that bitcoin price will decrease, the only thing we should know is that it's how bitcoin rotate in price. We should use the price of Bitcoin in 2018 and 2019 to know that bitcoin price even though is at the stage of seventeen thousand (17k) it's still in the positive stage, but it's not what we are looking at, because it's obvious that the price will rise and fall.

[19Nov16]

The current price is getting closer to dropping below $ 20k, hopefully it doesn't happen, but if the price drops again then I have prepared an option to buy, a good opportunity can buy at a low price, I'm sure Bitcoin has great potential for rising and past ATH years 2021.

[Silberman]

Without a doubt bitcoin has not been performing well at all and those signs are not really positive, and it is not only the first time we see them but the first time that all of them happen simultaneously, however despite all of this I do not think we are nowhere near seeing bitcoin disappearing, it will recover but it is going to take a lot of time for this to happen and a lot of people will lose their money as they sell for a bad price due to the panic all of this has generated in them.

As a human being then it cant really be avoided to have that panic no matter how experienced you are or veteran on this market specially when you do see that everything is dropping and everyone is really in panic
or do have that fear in every corners which you cant really avoid for you to have those anxiety and fear inside even if you dont show then you cant really just resist to have  this emotion.
We've seen the worst back in the past but not really as worst as this where every indicators been showing the worst of the worst or in first time in history which op had pointed out.
If you do have trust in Bitcoin then you would just simply ignore these things and push up yourself to believe that everything would be fine later on.

Without a doubt it is difficult to remain calm and take the best decision possible when the circumstances are so adverse, however for anyone that wants to become successful in the market then this is something that must be done otherwise only failure expect them at the end of their careers as traders or investors, so while it is understandable that people are panicking for what it is happening they still need to overcome those fears, otherwise their chances of making any money in this market are of zero.

[Mario Yamasaki]

Today the Red Market is down 3% and might drop again below $ 20K, if you buy when a cheap price is $ 17K then I suggest selling, you still profit more than 20%, of course this is a difficult choice but a difficult condition prevented because market pressure does not seem to end yet.

[tn211]

Today the Red Market is down 3% and might drop again below $ 20K, if you buy when a cheap price is $ 17K then I suggest selling, you still profit more than 20%, of course this is a difficult choice but a difficult condition prevented because market pressure does not seem to end yet.

Exactly, no way i am buying now. I rather buy a little more expensive when an uptrend is confirmed, they buying high when there is so much uncertainty.
If you ask me. we may see some more fluctuation... soon

[Semar Mesem]

Before I left for work or 6 hours ago the price of bitcoin was still $20k, and now the price of bitcoin has dropped below $19k, it looks like the price will continue to fall because of the many FUDs, even some influencers who are active when bitcoin is rising, but when the dump they are also silent .

[Tony116]

Before I left for work or 6 hours ago the price of bitcoin was still $20k, and now the price of bitcoin has dropped below $19k, it looks like the price will continue to fall because of the many FUDs, even some influencers who are active when bitcoin is rising, but when the dump they are also silent .

Bitcoin price is under $20k and I don't find it too surprising, remember we are still in bear season and it will last. There has been a very slight rally in the past few days but that was just a price trap, so don't expect too much and don't be surprised when the price continues to drop.

Crypto winter is sure to follow after we have a jubilant bull season in 2021, this year is a bearish year and a year of accumulation for bitcoin before it picks up speed again.

[cryptomaniac_xxx]

Before I left for work or 6 hours ago the price of bitcoin was still $20k, and now the price of bitcoin has dropped below $19k, it looks like the price will continue to fall because of the many FUDs, even some influencers who are active when bitcoin is rising, but when the dump they are also silent .

Bitcoin price is under $20k and I don't find it too surprising, remember we are still in bear season and it will last. There has been a very slight rally in the past few days but that was just a price trap, so don't expect too much and don't be surprised when the price continues to drop.

Unfortunately, we have a drop again the start of the month. So for sure, this is going to last this year as obvioulsy we are in a bear market.

Crypto winter is sure to follow after we have a jubilant bull season in 2021, this year is a bearish year and a year of accumulation for bitcoin before it picks up speed again.

That's what you call cycle, after we have a good bull season in 2021, it wouldn't last and at the start of December after reaching all time high in November, the bears take over the market. But yeah, this is a period of accumulation, time to get that cheap bitcoin again.

[minime0105]

Panic everywhere but vetirans know it that whether history or not repeating itself, bitcoin capitalization will increase after a while a the bear itself will become the history. Bear time is buying time for sure. The dead instances of bitcoin isn't dragging bitcoin down, what is happening in bitcoin price is history like we know, bear is normal and bull likewise.

do you know that there is no time you buy cryptocurrency that is not the actual time to buy cryptocurrency those who basically believe that it is only the time of the bearish you can buy Bitcoin or any other cryptocurrency, I think it is the believe of everyone who is into cryptocurrency investment, and for my own understanding I believe that cryptocurrency is something that you can buy anytime you have your money and it depends or how long you want it stay before you sell to make profit.