Bitcoins Crossed 20k USD!! Don’t lose hope now.

[D ltr]

Hope soon Bitcoin recovers it’s price

bitcoin price will surely recover even in a long time. because as we know every time there is a decrease there will be an increase even if only in a few percent, but to reach the new ATH I think it will take a long time maybe 5 years or it could be 3 years faster

[AmoreJaz]

The price that went above $21600 have experienced a price below $20k and now moving around $20100. This is how the market will continue for some time period. Right now users can make some profit out of shorting, and for this traders needs to be very careful.

As the thread title says don't lose hope at any instance. The market is bearish for some time period, have trust and surely it'll progress. Until then if you're good enough to take risk you can make some earning out of the fluctuation. If not, just hold with patience.

if someone is losing hope, just think that this market is not yet over. the people who wants to get involve in crypto are increasing as well as entities or other group of companies. doubt its longevity if you will see that people are going away from this market. this bearish period is just another challenge to tackle by crypto users. but it doesn't mean that this is the end of this market.

[evichi]

I think it is too early to conclude, we still need a bit more observation to conclude that uptrend have started. However, the signs are there and I remain optimistic that the uptrend is on the way. More observation required to conclude. I am looking forward to such a time when uptrend will commence - that is pay-back time for HODLers who have been patient to HODL Bitcoin/other cryptos.

[Poker Player]

Do you pay at the supermarket with Bitcoin without switching to fiat? In any case, without questioning what you say, your case is far from the norm.

Luckily I have at least 2 options (1&2 when it comes to buying food online and paying with Bitcoin, but I agree that this is not an option that is available to many. Everything you see on these two websites can be paid with Bitcoin and will be delivered to your address.

And how is the tax payment issue over there? I imagine it is not very controlled and you pay with Bitcoin just as you pay with cash. Or I don't know if there is a special law about it.

I mean in most of the world for every payment you make in bitcoin you should report it on your income tax return, and pay capital gains tax if the price at the time of payment was higher than at the time you bought the Bitcoin, which is a hassle.

I imagine that most of the payments, especially of low amounts and P2P, are not declared by anyone, but if there is a company involved, I suppose you will have to declare them, otherwise the company could pass the data of your Bitcoin payments to the Ministry of Finance of your country.

[tjtonmoy]

It’s not yet late to buy the Bitcoins, those have panicked and sold their Bitcoins, now it’s time again to buy it.

Even if your prediction or analysis is 90% correct... it's not safe to tell other people to buy like this! if they buy again and there's a slight dump, they will sell again... those panic sellers are now gone, so the market is now at good hands... Holders will hold.
so let them be man

[I.M.J.]

We aren't out of the woods with the fed yet. Several coins are pumping from people buying the dips, but my guess is that we will see another selloff shortly hereafter and prices will take a hit. These small ralleys will be great for buying and selling the waves if you don't mind STG.  But long-term investors I think maybe should think twice about FOMOing in to these pumps.

[maxbtc82]

Bitcoin, we know that the price of Bitcoin goes down a lot, so now we can buy Bitcoin and when the price of Beacon goes up, we will sell Bitcoin. When the price of other tokens goes down and when the price of Bitcoin goes up, the price of all other tokens goes down.

[isaac_clarke22]

What are your thoughts on this?

My thoughts is just it does not matter either way. Whether it even manage to go back to 10k or not, it would not matter to me in the end.
Bitcoin never failed me back in 2017 and regardless what happens, I do not mind buying more of it. The technology proved me more than the current price anyways although I understand that some people are panicking over a low price it went, but trust me, you should hodl now.
If people back when Bitcoin was around 64k regretted that they did not buy when it was below 20k, what more for those people today?

[nurilham]

So Bitcoins have started recovering as we can see from the charts.
Yesterday Bitcoins were at 17k USD and now currently it has crossed 20k USD. It’s now at around 20,800 USD and it’s still increasing.
It’s not yet late to buy the Bitcoins, those have panicked and sold their Bitcoins, now it’s time again to buy it.

Yes, Bitcoin price is increasing but that doesn't mean it is the right time to buy. I am not sure if it is a sign that Bitcoin price is starting to recover, too early I guess. We are still in Q2 of the first year of the bearish season, why do we need to hurry to buy Bitcoin now? I prefer to wait for Q3 or Q4 of this year to consider buying Bitcoin or some altcoins. If the market is still in a huge drop, maybe Q1 of the next year is also a good time to buy. So, there is still a lot of time for buying, no need to hurry or panic buying.  If the scenario will be as usual 4 year-cycles of bearish-bullish, we still have about 2 years to fill our wallets. The BTC price recovery will begin in 2024, that probably the first year of the next bullrun.

[CaVO32]

So Bitcoins have started recovering as we can see from the charts.
Yesterday Bitcoins were at 17k USD and now currently it has crossed 20k USD. It’s now at around 20,800 USD and it’s still increasing.
It’s not yet late to buy the Bitcoins, those have panicked and sold their Bitcoins, now it’s time again to buy it.

Yes, Bitcoin price is increasing but that doesn't mean it is the right time to buy. I am not sure if it is a sign that Bitcoin price is starting to recover, too early I guess. We are still in Q2 of the first year of the bearish season, why do we need to hurry to buy Bitcoin now? I prefer to wait for Q3 or Q4 of this year to consider buying Bitcoin or some altcoins. If the market is still in a huge drop, maybe Q1 of the next year is also a good time to buy. So, there is still a lot of time for buying, no need to hurry or panic buying.  If the scenario will be as usual 4 year-cycles of bearish-bullish, we still have about 2 years to fill our wallets. The BTC price recovery will begin in 2024, that probably the first year of the next bullrun.

The right time to buy depends on the capability of the person himself. If he has spare funds, there's no right or wrong time to buy. As long as he knows his goals in this market. And if he will sell it higher than his buying price, then, the market condition is not really a bottleneck for him. And we know that only a matter of time, before we see btc price going up again.

[Spack17]

I think it is too early to speak positively. When we are in a period of drop, it is not easy to recover immediately. Those who want to make long-term investments will make all kinds of profits. However, those who want to make more profit can wait a little longer. I think it will go below $15k. I think this value will be the best time to buy Bitcoin.

[bayudndy]

I have to admit, when I still feel happy after what happened in this market, the problem of the decrease in value from the ATH it has created to the present is not an issue that affects the confidence of the market. I am with BTC because, like many people, I realize that it will rise again over time. It may be temporary, but the rally in recent days has eased some of the stress for those who are losing big on it.

[WeedGoW]

We aren't out of the woods with the fed yet. Several coins are pumping from people buying the dips, but my guess is that we will see another selloff shortly hereafter and prices will take a hit. These small ralleys will be great for buying and selling the waves if you don't mind STG.  But long-term investors I think maybe should think twice about FOMOing in to these pumps.

Yes, but at least with a strong mentality about hodl, we should be able to migrate FED's shenanigans on our crypto turf. This is the reason for this thread. Fuck FED 'priced in' and fiat bullshit. I expect people will become tired of their shits and slowly, less effect on the cryptocurrency.

[Nrcewker]

I think it is too early to speak positively. When we are in a period of drop, it is not easy to recover immediately. Those who want to make long-term investments will make all kinds of profits. However, those who want to make more profit can wait a little longer. I think it will go below $15k. I think this value will be the best time to buy Bitcoin.

At the time of creating the original post, Bitcoins suddenly went to 21k usd from 17k usd.
That’s why in a rush I made the post thinking that , this might be the time when BTC will gain gear and starts increasing in its price.
But now we see the reality.
I guess Bitcoins will struggle here for 3-4 weeks. And then it might increase again and break the resistance.
Regarding your thoughts on BTC coming below 15k USD, I don’t think it might happen any time soon.
Nevertheless it’s still Bitcoin, and everything about is unpredictable. Let’s see what happens next.

[lousie9]

Even though the Bitcoin price is currently experiencing a price recovery and is back to the level of 21k USD, it is still very early to buy it at this time because it is better for us to wait on the weekend when the market starts to open. Monday because market movements will be seen later and if we look at technical analysis Bitcoin movements are still strong against sales, but if you want to buy now that's okay because the exchange rate is still low and safe for the long term.

[348Judah]

It’s not yet late to buy the Bitcoins, those have panicked and sold their Bitcoins, now it’s time again to buy it.

I've taught about it so many times why some invest on bitcoin to later change or diverted to altcoins, many reasons could have led to doing such even though that does not warrant such a decision because bitcoin is far ahead other forms of cryptocurrencies, there's more need to exercise patience when dealing with bitcoin which other cryptocurrencies does not create room for, instead they speed up everything in a rush to amasss wealth within a little period that eventually turns a disappointment on users.

[Ale88]

So Bitcoins have started recovering as we can see from the charts.
Yesterday Bitcoins were at 17k USD and now currently it has crossed 20k USD. It’s now at around 20,800 USD and it’s still increasing.
It’s not yet late to buy the Bitcoins, those have panicked and sold their Bitcoins, now it’s time again to buy it.
Don’t know whether it’s the end of the bear market or not, but still the price have given us the Bitcoin traders a great hope.
Hope soon Bitcoin recovers it’s price, and we all will end up with great profits.
What are your thoughts on this?

I wouldn't celebrate right now, we still have a long way ahead. For sure it's been nice seeing bitcoin bouncing like it did, but it's impossible to know whether we could go down again or not. I hope we won't see the $17k ever again, anyway at this point I'd be happy to end this year with bitcoin at $25k.

[Marvell1]

So Bitcoins have started recovering as we can see from the charts.
Yesterday Bitcoins were at 17k USD and now currently it has crossed 20k USD. It’s now at around 20,800 USD and it’s still increasing.
It’s not yet late to buy the Bitcoins, those have panicked and sold their Bitcoins, now it’s time again to buy it.
Don’t know whether it’s the end of the bear market or not, but still the price have given us the Bitcoin traders a great hope.
Hope soon Bitcoin recovers it’s price, and we all will end up with great profits.
What are your thoughts on this?

I wouldn't celebrate right now, we still have a long way ahead. For sure it's been nice seeing bitcoin bouncing like it did, but it's impossible to know whether we could go down again or not. I hope we won't see the $17k ever again, anyway at this point I'd be happy to end this year with bitcoin at $25k.

Although Bitcon has risen in price since reaching $ 17k, and now Bitcoin is above $ 21k, but I believe we can return to $ 17k again. Right now, it's too early to celebrate because we're still in bear season. This bull run could be a slight rebound after several drops, and this bull run will end soon and bitcoin will turn around, but it won't happen so quickly that it might take another month or two.

[Ahli38]

We see how tight the fight between sellers and buyers in bitcoin is. so today BTC is still strong in the range of $ 21,000USD. and not strong enough to break $22,000USD as the strongest resistance for now I think. because if $22,000USD can be passed then we will be ready to go to $24,000USD. but anything can happen in the current market situation. so we must remain prepared for the possibility of a drastic decline. And I myself am still running my DCA to prepare if it turns out that the bear market strengthens again.

[RashidulIR]

Bitcoin is currently creating a side wave between 20K and 21K. My idea is that very soon we can see good movement in the Bitcoin.  It also has good support at 18K.  Every time I have seen Bitcoin come down big, Bitcoin has taken a big Up, this time there will be no alternative.

I have seen many times when the price is low many people do not want to buy it.  And when prices start to rise, people start buying.

And a good investor always adheres to the DCA.