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Author Topic: if you think 18k btc is low wait until autumn ...  (Read 1229 times)
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October 29, 2023, 03:51:24 AM
 #141

I think the lowest price of bitcoin in the bearish phase of the current period is around $13k and that too will happen if the bitcoin price manages to drop below $17k. after bitcoin reaches ATH in the range of $68k it seems like reaching a price of 500-1k is very unlikely because if that really happens the crypto world could be destroyed because bitcoin loses 99% of the price of ATH.

I just think that regardless of the lowest price value that Bitcoin has fallen to before, that will not happen again. Because if you open a history chart of this in the market, almost all the speculations of others that the value of Bitcoin will fall are not correct.

But the more they make speculations like that, the more the price value of Bitcoin in the market increases little by little. This is the only thing I really noticed about its value in the market.
bitcoin have the history of always growing so significantly that the supposed normal price of bitcoin in previous bullrun become its lowest point, thats why i'm sure sub $15k will be never seen.
this is I think also the reason why many people are so eager to hoard bitcoin and bag it as much as they can even when they are making profit from altcoin.
thats the good thing with bitcoin and this also why bitcoin always picked as the primary option for those famous institutional investors and even fund management company.
mainly because they know that the growth of bitcoin is really good for long term unlike altcoin that usually just pump and then vanish into thin air never to get rally again.

Yup, you were right in there. Those people who hope that the value of Bitcoin will fall to 20k or 15k should not hope for that to happen. Just take a look and see its bitcoin history chart since it started on the market.

In history, we can all see that the current price value of Bitcoin is going up, and now that there is a halving and bull season coming, the price value of Bitcoin will rise even more. The pump and dump is normal; it happens in the crypto market.



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October 29, 2023, 08:26:30 AM
 #142

This thread had been started almost one and a half years back. It was during the time bitcoin was close around $50k by the start of 2022 and it slowly started to fall and at some point it reached the range of $18k. What he had mentioned in the title happened, price further dropped during the month of November and touched $16k which is big opportunity for the investors. From there once again the price had turned bullish and was around the range of $23k -$27k for a longer time period and now once again a sudden bounce have taken place reaching $34k+ and this autumn we don't have choice of turning bearish.

When we talk about Bitcoin, the word “no choice” is not always applicable, now everything looks very positive, but such growth implies a correction, and besides, when the greed index reaches 87, this should be alarming. On the one hand, Bitcoin is clearly set to grow, but on the other hand, there are indicators that tell us about a possible correction and should not be ignored.



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October 29, 2023, 10:12:27 AM
 #143

Its ok, we can't have all bull callers, some people has to just do this kind of thing and that's understandable, there is nothing wrong with that. I am not saying that he was right, but not ALL people would be interested. Bitcoin isl like that, it has polar sides and some think that it will constantly drop and some think that it will constantly go up, both are wrong. Sometimes it goes up, sometimes it goes down, if I told people that it would be 15k in a year back when it was 68k, they would think I am mad and stupid  too, but it did fall there, or when it was 4k if I told people it would be 60k+ in a year, they would think I am dreaming. Sometimes we end up being right, sometimes we end up being wrong.
This thread had been started almost one and a half years back. It was during the time bitcoin was close around $50k by the start of 2022 and it slowly started to fall and at some point it reached the range of $18k. What he had mentioned in the title happened, price further dropped during the month of November and touched $16k which is big opportunity for the investors. From there once again the price had turned bullish and was around the range of $23k -$27k for a longer time period and now once again a sudden bounce have taken place reaching $34k+ and this autumn we don't have choice of turning bearish.

Yeah, when I look at this thread, this is a old thread, but still applicable though, not just we only hit $18,000, but last year, we dive go the lowest low for this bear market at $15,500. Which means that everything can really go with the market as we don't have control of it. There will be black swan events that will push the market to it's knees. However, it also shows that bitcoin is very resilient because as we can see right now, with the current price, we are more than 100% back from the lowest low and obviously for those who have been accumulating since November last year, it's already a profit.

But, we shouldn't be tempted to even sell some of our stash, we are still looking forward to a bullish run after the scheduled block halving next year. And after that it will be a bull run that we haven't seen before as the predictions is that it will reach at least $100,000. So we need more patience even if we are only on the positive profits right now.

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October 30, 2023, 12:31:07 AM
 #144

This thread had been started almost one and a half years back. It was during the time bitcoin was close around $50k by the start of 2022 and it slowly started to fall and at some point it reached the range of $18k. What he had mentioned in the title happened, price further dropped during the month of November and touched $16k which is big opportunity for the investors. From there once again the price had turned bullish and was around the range of $23k -$27k for a longer time period and now once again a sudden bounce have taken place reaching $34k+ and this autumn we don't have choice of turning bearish.

When we talk about Bitcoin, the word “no choice” is not always applicable, now everything looks very positive, but such growth implies a correction, and besides, when the greed index reaches 87, this should be alarming. On the one hand, Bitcoin is clearly set to grow, but on the other hand, there are indicators that tell us about a possible correction and should not be ignored.
correction is very normal thing, from the past bullrun there always a correction waiting at the end of the day, with bitcoin investment we just don't expect it to just grow the whole year, there's certainly will be correction along the way but whats important is that we are reaching new all time high every bullrun, the linear growth show some serious growth and massive one at that.
meanwhile the correction is like an entry for anyone that wanna invests, its just as simple as that.
with this small increase of bitcoin this past weeks certainly there will be correction that to be expected but the question is, when will that occurred, and at what price point?
because we only could make profit if we could get our speculation right.

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October 30, 2023, 03:15:42 AM
 #145

This thread had been started almost one and a half years back. It was during the time bitcoin was close around $50k by the start of 2022 and it slowly started to fall and at some point it reached the range of $18k. What he had mentioned in the title happened, price further dropped during the month of November and touched $16k which is big opportunity for the investors. From there once again the price had turned bullish and was around the range of $23k -$27k for a longer time period and now once again a sudden bounce have taken place reaching $34k+ and this autumn we don't have choice of turning bearish.

When we talk about Bitcoin, the word “no choice” is not always applicable, now everything looks very positive, but such growth implies a correction, and besides, when the greed index reaches 87, this should be alarming. On the one hand, Bitcoin is clearly set to grow, but on the other hand, there are indicators that tell us about a possible correction and should not be ignored.

Market Sentiment and Greed Index maybe are a useful to, to help understand market psychology. This is often followed by a price correction but it is all a process towards the true BTC price in market.

Well, in terms of what you said is correct, well, when we invest in crypto assets like Bitcoin, all factors must be monitored first, because there are many possibilities that will arise outside our will and the most dominant ones are volatility and price corrections which also fluctuates quickly. and could be followed by a significant price correction.

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October 30, 2023, 03:43:58 AM
 #146

Quote from: gweb1996
if you think 18k btc is low wait until autumn ...

I think it will reach 500-1000 USD max as you can't use to sell stuff and big whales already moved their money ...

In 2019 btc was already 9000-10000 USD , do to pandemic people invested a lot  in btc.

I think, the pandemic created a lot of opportunities for those that invested in Bitcoin waiting for the bullish season to appear before they can sell to make income ,which the bullish appeared with massive pumping during the pandemic that took over some years and some months to keep long term and short term investors to experienced what they have never experience from Bitcoin investment. For the price of Bitcoin to decrease back to $18,000 this year, I don't think it will be possible again because the price is close to $40,000 for those expecting that particular price to appear before they can sell to make income from their investment. If truly you want to be part of what is going to manifest in bullish market soon, I will advise you to invest in Bitcoin now and hold to watch what is about to happen in the crypto market.

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October 30, 2023, 05:04:13 AM
 #147

Quote from: gweb1996
if you think 18k btc is low wait until autumn ...

I think it will reach 500-1000 USD max as you can't use to sell stuff and big whales already moved their money ...

In 2019 btc was already 9000-10000 USD , do to pandemic people invested a lot  in btc.

I think, the pandemic created a lot of opportunities for those that invested in Bitcoin waiting for the bullish season to appear before they can sell to make income ,which the bullish appeared with massive pumping during the pandemic that took over some years and some months to keep long term and short term investors to experienced what they have never experience from Bitcoin investment. For the price of Bitcoin to decrease back to $18,000 this year, I don't think it will be possible again because the price is close to $40,000 for those expecting that particular price to appear before they can sell to make income from their investment. If truly you want to be part of what is going to manifest in bullish market soon, I will advise you to invest in Bitcoin now and hold to watch what is about to happen in the crypto market.
I don't think the price will decrease to 18k again and at this time it's impossible because the halving event is coming and Bitcoin is preparing itself for the event the next prediction is that the BTC will cross the 100,000 target. Now you are right the price is close to 40k $ and it is very expensive for small traders to buy it instead when the price was about 18k providing the best opportunity to buy full Bitcoin or buy some shares of it. I think if someone wants to invest in Bitcoin then do it now because it's the correct time before the price up more and it will arise and there is not any chance of it being dumped now, invest in it and wait for the bull run it will be beneficial for you.
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October 30, 2023, 07:21:52 AM
 #148

Market Sentiment and Greed Index maybe are a useful to, to help understand market psychology. This is often followed by a price correction but it is all a process towards the true BTC price in market.
The price increase was not based on indications of greed because many investors and traders entered the market because of their own intention to make a profit by taking advantage of current market conditions. So basically the sentiment in this market is based on what many people have seen in the price of Bitcoin and also on market conditions which are starting to not scare many people. And the process that is taking place now is only part of the price improvement which is still continuing sideways at around $34K.

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Well, in terms of what you said is correct, well, when we invest in crypto assets like Bitcoin, all factors must be monitored first, because there are many possibilities that will arise outside our will and the most dominant ones are volatility and price corrections which also fluctuates quickly. and could be followed by a significant price correction.
When we have invested money in Bitcoin, what we need to monitor is news related to Bitcoin apart from monitoring the market to see the price. Because if the investment goal is long term, it will actually give all investors more freedom in carrying out their investments by using their time in all aspects when monitoring. So it is not only about volatility and price corrections that must be looked at, but also about the influences that can change volatility and price corrections in the Bitcoin market.

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October 30, 2023, 08:09:38 PM
 #149

I don't think the price will decrease to 18k again and at this time it's impossible because the halving event is coming and Bitcoin is preparing itself for the event the next prediction is that the BTC will cross the 100,000 target. Now you are right the price is close to 40k $ and it is very expensive for small traders to buy it instead when the price was about 18k providing the best opportunity to buy full Bitcoin or buy some shares of it. I think if someone wants to invest in Bitcoin then do it now because it's the correct time before the price up more and it will arise and there is not any chance of it being dumped now, invest in it and wait for the bull run it will be beneficial for you.
Even though market conditions are unstable, there are no negative issues that make the market return to the price of 18k again, the increase in trading volume indicates the potential for the market to reach a higher increase ahead of the halving, the prediction of 40k is very realistic to reach next month and if you want to buy at the current price, maybe recommend if you aim to invest long term, but you are free to set an investment strategy to wait for market correction in the 31k area or prioritize DCA to handle the increasing risk of investing in the crypto market, the volatility of the crypto market is unpredictable and it may be lucky for investors who have set up DCA to invest in price under $30k.

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November 04, 2023, 02:50:44 PM
 #150

if you think 18k btc is low wait until autumn ...

I think it will reach 500-1000 USD max as you can't use to sell stuff and big whales already moved their money ...

In 2019 btc was already 9000-10000 USD , do to pandemic people invested a lot  in btc.
We have seen the price of Bitcoin drop to around $15,000 at one point. Even a few months ago Bitcoin price was in dire straits many investors thought it could go further down but it turned out to be quite the opposite. Currently we can definitely see by looking at the position of Bitcoin that maybe Bitcoin will not go to that position but now it is time to go higher in the market. Now that Bitcoin is close to $35k we see no reason to come to $18000 now and won't come here. The price of Bitcoin may have dropped a lot during the autumn, but now the market is pumping well. But I think Bitcoiners will not have to see this bearish market again as we have good things ahead.

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November 11, 2023, 12:03:24 PM
 #151

Those who think its bitcoin will go below $18k and keep falling are nothing but fools. Those who take such an attitude are basically caught in the future. When babies first learn to walk they trip and fall over and over again, but that doesn't mean they will fall over and over again once they learn to walk. The idea that Bitcoin will stumble and fall again and again is wrong. Bitcoin is independent which is why Bitcoin is more powerful and dynamic than ever before. It is only speculative to say what form Bitcoin is going to take in the coming days. It is very difficult to guess unless experienced. The way the bitcoin market is going right now I don't think it will retreat any further. Now is the right time to invest in Bitcoin which will reach unique heights at some point. Bitcoin market is bulling as it crossed $37k today.

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November 11, 2023, 12:14:44 PM
 #152

Those who think its bitcoin will go below $18k and keep falling are nothing but fools. Those who take such an attitude are basically caught in the future. When babies first learn to walk they trip and fall over and over again, but that doesn't mean they will fall over and over again once they learn to walk. The idea that Bitcoin will stumble and fall again and again is wrong. Bitcoin is independent which is why Bitcoin is more powerful and dynamic than ever before. It is only speculative to say what form Bitcoin is going to take in the coming days. It is very difficult to guess unless experienced. The way the bitcoin market is going right now I don't think it will retreat any further. Now is the right time to invest in Bitcoin which will reach unique heights at some point. Bitcoin market is bulling as it crossed $37k today.
An appropriate comparison but I agree that bitcoin will continue to stumble and fall but the only catch with how bitcoin is going to stumble and fall is that when bitcoin falls, I am sure that it's definitely not going to be a fall that's comparable to it's last fall. What I mean is if bitcoin were to go down right now is it's going to hit some invisible price floor and that isn't going to be investing lower than last time that it got so low or maybe even the current lowest is probably the highest in the previous price cycle. So to refute your claim that stumble and fall again isn't entirely wrong, maybe you're always dealing with absolutes so you're adamant about it.
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November 23, 2023, 01:23:02 PM
 #153


We have seen the price of Bitcoin drop to around $15,000 at one point. Even a few months ago Bitcoin price was in dire straits many investors thought it could go further down but it turned out to be quite the opposite. Currently we can definitely see by looking at the position of Bitcoin that maybe Bitcoin will not go to that position but now it is time to go higher in the market. Now that Bitcoin is close to $35k we see no reason to come to $18000 now and won't come here. The price of Bitcoin may have dropped a lot during the autumn, but now the market is pumping well. But I think Bitcoiners will not have to see this bearish market again as we have good things ahead.
The next Bitcoin halving should take place on April 7, 2024. There are less than five months left before this grand event, which many in the cryptocurrency market are eagerly awaiting. A few months before the halving, whales can arrange a temporary drop in the price of Bitcoin so that weak hands of newcomers dump more and thus the whales can buy up potential cryptocurrency. Therefore, in the near future, I still assume a significant drop in the price of Bitcoin, but not for a long period. Closer to the fall of next year, we should see another cryptocurrency price boom.

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November 25, 2023, 04:19:17 PM
 #154

The next Bitcoin halving should take place on April 7, 2024. There are less than five months left before this grand event, which many in the cryptocurrency market are eagerly awaiting. A few months before the halving, whales can arrange a temporary drop in the price of Bitcoin so that weak hands of newcomers dump more and thus the whales can buy up potential cryptocurrency. Therefore, in the near future, I still assume a significant drop in the price of Bitcoin, but not for a long period. Closer to the fall of next year, we should see another cryptocurrency price boom.

Halving helps in the boosting of bitcoins price but everyone is already prepared to take benefit from halving therefore as they achieve their target they will definitely sell their bitcoin which will create another bear market. Bull and bear market is two particularly events of cryptocurrency that both are beneficial but it is upto us that are we making negative or positive use of it.

About future we cannot guess anything but it is normal that sometimes price will drop and sometimes price will increase. Many people have made investment in Bitcoin or still they are buying because of halving. Halving is an essential part so those who become able to buy bitcoin are taking forward step wisely while others who are still waiting that price will goes down and they will then buy bitcoin so they are just wasting their time.









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November 25, 2023, 05:49:57 PM
Last edit: November 26, 2023, 01:00:00 AM by wallet4bitcoin
 #155

Bitcoin price is highly volatile, this is a universal knowledge but its volatility doesn't translate to the degree of fall expected by the OP.

With a graphical illustration, if the OP had proven from chart that his points are factual, I will have given it a second thought but it's not possible as the chart only shows higher-highs and no lower lows in recent times.
Bitcoin price is ever growing

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November 25, 2023, 08:12:22 PM
 #156

It would be very difficult to find any black swain, even that will crash the price of Bitcoin to $1k again. I believe most of the Bitcoins now have moved to the whales and strong hands' hand now, a very good example is the recent Binance fine, before the market would have crashed, taken $4 billion out of the market just like that is not small money.

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November 25, 2023, 10:38:07 PM
 #157

Bitciin price is highly volatile, this is a universal knowledge but its volatility doesn't translate to the degree of fall expected by the OP.

With a graphical illustration, if the OP had proven from chart that his points are factual, I will have given it a second thought but it's not possible as the chart only shows higher-highs and no lower lows in recent times.
Bitcoin price is ever growing
I think he doesn't have the basic facts for that speculation, the price of bitcoin is unlikely to return to $1k for any market conditions even the price of bitcoin is currently recovering at its highest price point, so he makes unrealistic speculations that don't match the facts of the crypto market, but everyone are smart in choosing the right news from trusted sources and they will not believe speculation without the support of an explanation that explains some points on the graph that indicate market prices will be negative in the fall.

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panganib999
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November 25, 2023, 10:47:25 PM
 #158

Bitciin price is highly volatile, this is a universal knowledge but its volatility doesn't translate to the degree of fall expected by the OP.

With a graphical illustration, if the OP had proven from chart that his points are factual, I will have given it a second thought but it's not possible as the chart only shows higher-highs and no lower lows in recent times.
Bitcoin price is ever growing
Even if he laid the chart out like Nicholas Cage when he's in the National Treasures the market would still be have the last say in everything. Just cause you made "nice predictions backed by charts and intelligent guesses", doesn't necessarily equate to you having the credibility to predict the market's behavior. It just shows that you know the basics of trading and investing in cryptocurrencies.

Prices are harder to define and determine even more when it comes to cryptocurrencies, they are exceptionally volatile, and are more driven by the emotions of the market compared to logical and tangible factors unlike stocks and bonds. I oftentimes say that the only advantage expert traders have against newbies is that they get to choose which coin to invest in and newbies are just there to wait, and that is the truth in this industry more often than not. Although this doesn't mean that traders should just go apeshit on whichever coin they want and not learn fundamentals anymore.
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November 26, 2023, 12:48:58 AM
 #159

if you think 18k btc is low wait until autumn ...

I think it will reach 500-1000 USD max as you can't use to sell stuff and big whales already moved their money ...

In 2019 btc was already 9000-10000 USD , do to pandemic people invested a lot  in btc.
We have seen the price of Bitcoin drop to around $15,000 at one point. Even a few months ago Bitcoin price was in dire straits many investors thought it could go further down but it turned out to be quite the opposite. Currently we can definitely see by looking at the position of Bitcoin that maybe Bitcoin will not go to that position but now it is time to go higher in the market. Now that Bitcoin is close to $35k we see no reason to come to $18000 now and won't come here. The price of Bitcoin may have dropped a lot during the autumn, but now the market is pumping well. But I think Bitcoiners will not have to see this bearish market again as we have good things ahead.
we will never see bitcoin at $15k again in the future, because it has been repeatedly done by bitcoin that it will never reach the all time low again after reaching another all time high and the bottom price of bitcoin even after bearish will be around $30K i think and thats already good enough price for bitcoin in my opinion even though thats just speculation but its proven that after every halving bitcoin price always increase, its as if the halving is the sign that bitcoin will become more scarcier therefore its always good to accumulate.
autumn just started and nothing of significance happening towards bitcoin I guess this prediction is irrelevant now.

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arimamib
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November 26, 2023, 06:27:52 PM
 #160

Prices are harder to define and determine even more when it comes to cryptocurrencies, they are exceptionally volatile, and are more driven by the emotions of the market compared to logical and tangible factors unlike stocks and bonds. I oftentimes say that the only advantage expert traders have against newbies is that they get to choose which coin to invest in and newbies are just there to wait, and that is the truth in this industry more often than not. Although this doesn't mean that traders should just go apeshit on whichever coin they want and not learn fundamentals anymore.
The cryptocurrency market is indeed highly volatile and driven by emotions, making it more challenging to predict prices and make informed investment decisions. Expert traders have an advantage over newbies in that they possess a deeper understanding of market dynamics, technical analysis, and fundamental factors that influence cryptocurrency prices.

However, even experienced traders cant guarantee success in this volatile market. The emotional nature of the crypto market often leads to irrational exuberance and panic-driven selling, causing significant price swings. This unpredictability makes it difficult for anyone, regardless of their expertise, to consistently make profitable trades.

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