Why You should not worry about BTC price action

[Majestic-milf]

From the graph, it shows that in 2010 from a low of $0.09, it rose to $26.90 by 2.960%. fast forward to 2014-2015, we experienced a price dipping from a high of $1,238 to $687.50 then to $315.21.
 Bitcoin holders experienced surplus in the period of 2016- 2021. In October of 2021, it climbed to an all time high of $68.991k but slumped to $49,243k in Nov of the same year.
  Coming to 2022, we've had series of price fluctuations with recent lows of $17,700k. This is not the first time BTC slump is experienced in the market; so if there was a massive spike in 2013, 2019 and 2021, then possibly we should expect a price rocketing soon and this time it will be above $100k.https://bitcoinmagazine.com/culture/bitcoin-price-action-does-matter

[NeuroticFish]

From the graph, it shows that in 2010 from a low of $0.09, it rose to $26.90 by 2.960%. fast forward to 2014-2015, we experienced a price dipping from a high of $1,238 to $687.50 then to $315.21.
 Bitcoin holders experienced surplus in the period of 2016- 2021. In October of 2021, it climbed to an all time high of $68.991k but slumped to $49,243k in Nov of the same year.
  Coming to 2022, we've had series of price fluctuations with recent lows of $17,700k. This is not the first time BTC slump is experienced in the market; so if there was a massive spike in 2013, 2019 and 2021, then possibly we should expect a price rocketing soon and this time it will be above $100k.https://bitcoinmagazine.com/culture/bitcoin-price-action-does-matter

Good chart, good analysis, bad title
I think / hope that you've meant "why you should NOT worry...". Everything points to the direction that we should NOT be worried (well, everything except the title lol)

[livingfree]

We always tell those worrying folks that they should zoom out when they're feeling that they should sell at losses.

Just like that chart, we tend to see new high-lows for each cycle that we're entering. And at this time, the lowest that we've seen for the past years was $3k+ on 2018.

And after hitting the ATH of $69k, we saw the new high low at $17k which has happened just last month. That's actually positive if you're looking at that perspective.

[Majestic-milf]

Good chart, good analysis, bad title
I think / hope that you've meant "why you should NOT worry...".

Thanks for the observation correction made. Lately the price has been of great concern especially to those who possibly joined the peer-2-peer network from November last year. From the chart I was able to deduce how far Bitcoin price skyrocketed from 2010 when it was close to been valueless to it's ATHs in 2021 as well as how the price kept fluctuating since then pointing towards the bear.

My sole aim is to ensure as many Bitcoin holders have that believe that prices will spike again

[arwin100]

From the graph, it shows that in 2010 from a low of $0.09, it rose to $26.90 by 2.960%. fast forward to 2014-2015, we experienced a price dipping from a high of $1,238 to $687.50 then to $315.21.
 Bitcoin holders experienced surplus in the period of 2016- 2021. In October of 2021, it climbed to an all time high of $68.991k but slumped to $49,243k in Nov of the same year.
  Coming to 2022, we've had series of price fluctuations with recent lows of $17,700k. This is not the first time BTC slump is experienced in the market; so if there was a massive spike in 2013, 2019 and 2021, then possibly we should expect a price rocketing soon and this time it will be above $100k.https://bitcoinmagazine.com/culture/bitcoin-price-action-does-matter

Everyone needs to be cool on bear season events since this is a huge test for investors on how to take action towards their investments and if they get panic easily on what they see then maybe they are not doing good research that's why they prone to lose more money when bad market activities occur. As you said this is not the first time bitcoin slump so hopefully the data will be the huge basis for other to trust bitcoin since red days normally happen on it every year.

[PrivacyG]

fast forward to 2014-2015, we experienced a price dipping from a high of $1,238 to $687.50 then to $315.21.

I have to correct you here.  The price dip in 2015 was to much lower than $315.21.  If I remember correctly, it dipped to about half of that, around $150 - $180.

Anyway.  Anyone who looks at the ZOOMED OUT chart knows this is not the first nor the last time Bitcoin's price dips or skyrockets.  The extreme volatility is now I must say part of Bitcoin.  One should know that, by initializing a Bitcoin investment, they are getting into a very volatile asset with big risks but also very big gains.

-
Regards,
PrivacyG

[NeuroticFish]

I have to correct you here.  The price dip in 2015 was to much lower than $315.21.  If I remember correctly, it dipped to about half of that, around $150 - $180.

I don't remember exactly how low it went back then, I can't say about the 150$ value, but I can confirm that the low of 2015 was under 200$. Possibly even under 180$.

[wmaurik]

From the graph, it shows that in 2010 from a low of $0.09, it rose to $26.90 by 2.960%. fast forward to 2014-2015, we experienced a price dipping from a high of $1,238 to $687.50 then to $315.21.
 Bitcoin holders experienced surplus in the period of 2016- 2021. In October of 2021, it climbed to an all time high of $68.991k but slumped to $49,243k in Nov of the same year.
  Coming to 2022, we've had series of price fluctuations with recent lows of $17,700k. This is not the first time BTC slump is experienced in the market; so if there was a massive spike in 2013, 2019 and 2021, then possibly we should expect a price rocketing soon and this time it will be above $100k.https://bitcoinmagazine.com/culture/bitcoin-price-action-does-matter

Very good analysis. And it would be great if Bitcoin could be at a price of $100k next year because it would break the ATH $68,991k record that Bitcoin has ever achieved. But I would also be happier if Bitcoin could be at $70k, even though $100k is a higher price than I said. And I think to be at that price, Bitcoin needs a little longer pump time than last year, because it was a very big price target and Bitcoin started at $20k which is certainly a long way from the bottom up.

[xSkylarx]

Only newbies in crypto would be afraid to the current price of BTC. For us that have been here for some years in crypto space, we're already used to this market situation and we know that this is the best opportunity to buy bitcoin and prepare for the next market cycle. As for me, I'm waiting if btc will stabilize at this price until October or before the year ends as I think we will dump more hitting $13-15k range.

[Leviathan.007]

Taling about the price action of bitcoin is much more than this. Price action is a technique to understand how the price going to react based on the knowledge we get from the history of the price. Regarding bitcoin, there are many things to say but in short words, the trend is still an uptrend if you check the chart in long term from tears ago, and corrections happened are totally normal because since we see sharp and huge movements to higher price levels, we should also be ready to see the corrections to lower levels and sometimes these corrections are just falling lowers than anyone could be expected ever but still, that's pretty much healthy

[coolcoinz]

I'm worried and not worried at the same time. I believe in bitcoin so I'm not worried about corrections. I know in the end there will be a halving and then another halving and bitcoin will still be here 2 halvings from now, worth more than today.
I'm worried because I can see a lot of manipulation and influence from central banks and governments. I also see price go down week after week with no bounce which is a new thing even for bitcoin. This crash is very strong. Stronger than 2018 and 2014. Most red weeks in a row ever, price below mining profitability, and all this happened in just a few months.

[SuperMariob]

https://i.imgur.com/SWMxmKM.jpg
From the graph, it shows that in 2010 from a low of $0.09, it rose to $26.90 by 2.960%. fast forward to 2014-2015, we experienced a price dipping from a high of $1,238 to $687.50 then to $315.21.
 Bitcoin holders experienced surplus in the period of 2016- 2021. In October of 2021, it climbed to an all time high of $68.991k but slumped to $49,243k in Nov of the same year.
  Coming to 2022, we've had series of price fluctuations with recent lows of $17,700k. This is not the first time BTC slump is experienced in the market; so if there was a massive spike in 2013, 2019 and 2021, then possibly we should expect a price rocketing soon and this time it will be above $100k.https://bitcoinmagazine.com/culture/bitcoin-price-action-does-matter

Very good chart and very good analysis. Thanks for sharing.

[_BlackStar]

In fact, many people will be very worried about the decline and will not even be able to control it during the correction. Panic selling so far has sent the bitcoin price tumbling to a 7-month low of $17.7K. What are the best ways, I just think that this is too wide an entrance to start making purchases and accumulations. This 70% discount is very rare, but I believe there are still bigger discounts from now on because the bearish trend is not over yet. Consider DCA to invest in, we don't have much chance in the future if the rally starts.

Why not worry? The reason: Bitcoin still has a lot of potential and the ATH cycle may still repeat itself after its halving in 2024. You are investing with private money with an amount you can afford to lose, but if you are using borrowed money then your worries are understandable.

[GeorgeJohn]

Cryptocurrency and especially bitcoin it's have no devaluation and it's very clear that from the year 2010 and year 2017 we have do experience market fluctuations in cryptocurrency industry. and that's why some old investors are not really afraid of cryptocurrency degradation in price. Actually cryptocurrency falls into the system of rising and falling which nobody can actually explain it's flux of rotation. People that is in suspense about cryptocurrency experience in a negative price are the ones that will be in a haste and worry about cryptocurrency and especially bitcoin for it's inconstancy in price.

[hugeblack]

The problem always lies in the timing, when you want to buy and when you want to sell. If you have no choice but to sell, you may end up selling at a price of 20k dollars, not 100k dollars.
So if you are investing in Bitcoin and you do not want that money at the moment, it will be the best investment ever as long as you do not want to invest in it at the moment.

[erep]

snip
Coming to 2022, we've had series of price fluctuations with recent lows of $17,700k. This is not the first time BTC slump is experienced in the market;

Did you know that June 2022 for the first time saw the highest BTC price drop in Crypto history?

The entire history of BTC monthly performance each year has been indexed in the following table below:

^{Source : @ICO_Analytics}

In general, BTC performance in the annual data shows significant gains in certain months and we can speculate maybe for the next half of the year, reaching $100k is very potential but just need to wait for the next big bull phase.

[fiulpro]

The price rocketing would come after September for sure whenever the price rose there was a definite pattern and it did not resonated that well with the comparative government market as well. I do think that with series of ups and downs we do need to understand that the market is still profitable for people who are trading and even more at such events, I do think even if the price does not go up even then it would be important to understand the contribution bitcoins has during the pandemic. The best part would be realizing, bitcoins is proven to go up every few years, therefore the best part is HODLing and not listening to the fake news and getting intimidated by the price fluctuations.

[darkangel11]

snip
Coming to 2022, we've had series of price fluctuations with recent lows of $17,700k. This is not the first time BTC slump is experienced in the market;

Did you know that June 2022 for the first time saw the highest BTC price drop in Crypto history?

The entire history of BTC monthly performance each year has been indexed in the following table below:

^{Source : @ICO_Analytics}

In general, BTC performance in the annual data shows significant gains in certain months and we can speculate maybe for the next half of the year, reaching $100k is very potential but just need to wait for the next big bull phase.

I find this chart totally irrelevant. It doesn't show shit.
Take a look at 2022. It shows February and March as green months with some serious gains in Feb, but this doesn't mean a thing if those gains are after a big crash. If the price were to fall 50% and then gain 10% the next month you'd see that month as a green month, but that green month would still mean a 40% loss for your portfolio.

Whole 2022 is a read year if you read it right.
January -17, February +12 and March +5 so that's a 17% loss followed by a 17% gain over the next 2 months. Looks good, but in January you were already 26% down from the top so we weren't gaining anything just sitting at a loss that turned into a bigger loss in April and May, to finally capitulate with a huge 38% loss. What if this month shows as green? 5% up, hurray!

One thing I can read from this chart is that last time it was this bad was in 2011.

[Jody.Drummer]

Whenever Bitcoin will be above $100k, we are always ready to welcome that price. Although it is not known for sure what year the peak was, all believed that that day would come. From a simple graph it has been evident that Bitcoin clarifies many people's concerns about uncertainty. So don't be surprised like the thread that Mr. Ratimov said about "The journey of Bitcoin Goldman Sachs" anyone will experience a change in perspective. When Bitcoin critics start to fade the argument means you have to be prepared for adoption in unexpected directions.

[sana54210]

I'm worried and not worried at the same time. I believe in bitcoin so I'm not worried about corrections. I know in the end there will be a halving and then another halving and bitcoin will still be here 2 halvings from now, worth more than today.
I'm worried because I can see a lot of manipulation and influence from central banks and governments. I also see price go down week after week with no bounce which is a new thing even for bitcoin. This crash is very strong. Stronger than 2018 and 2014. Most red weeks in a row ever, price below mining profitability, and all this happened in just a few months.

I think you shouldn't be worried about the situation in the sense that it is not really that shocking for manipulators to try to do their best. I personally believe that if we could do anything, then we should do it and keep it going. However, if manipulators are tricking someone and there is nothing you can do about it, then do not worry about it, it is not your problem at all.

I know that there are some people who will try to do the best they could, and they have been warning everyone about these manipulations and speculations and be careful, but if people decide to ignore that and instead believe the manipulators, then there isn't anything you could do about it.