Are we at the bottom? no one knows, but market is doing fine.

[CryptoHeadlineNews]

market is doing fine.
How much deeper market gonna dive? Many believe we are near bottom.

I use to worry about the market price and wonder if we were at the bottom until I read a topic here from a user that regardless of how the market appears, 1btc remains 1btc and as hodlers of bitcoin in different quantity, we shouldn't bother ourselves with the fluctuating value but concentrate on getting more, I found it very encouraging and I think we should redirect our focus towards that instead of worrying about the market bottom.

You have a point here, but in as much as 1 Bitcoin remains 1 Bitcoin and yet it's value is still given with respect to dollar, people will always continue to be worried, because unless all items were sold in Bitcoin, then no one would have worry any longer, because the only thing that would have been required is a certain amount of BTC to purchase your item. But for the fact that Bitcoin is been valued to dollar people will always complain because what $30,000/ BTC can buy, $20,000/BTC can not buy.. So for me, I'm happy to always see the price of Bitcoin rise

[coolcoinz]

You have a point here, but in as much as 1 Bitcoin remains 1 Bitcoin and yet it's value is still given with respect to dollar,

Don't mix value with price. Bitcoin is priced in dollar but it can still be under or overvalued. IMO it's currently undervalued and when it fell into depression of ~18k it was largely undervalued.

people will always continue to be worried, because unless all items were sold in Bitcoin, then no one would have worry any longer,

Items are bought and sold around the world for various currencies that are exchangeable for other, yet nobody worries that they sold a car for EUR, but if the buyer agreed to close the deal in USD they would've earned more.

My advice: don't worry about these things! You can't make the best deal in the world. There will always be something better and more valuable you could've bought for the same amount of money in USD, bitcoin, or any other currency.

[_BlackStar]

One unique fact that may be overlooked more often due to the luxury of bitcoin pricing is that bitcoin is still an experimental currency. This can mean that bitcoin is still in a potentially good or even bad stage of development so that whatever may happen in the future for bitcoin cannot be predicted with accuracy.

Bitcoin is an experimental new currency that is in active development. Each improvement makes Bitcoin more appealing but also reveals new challenges as Bitcoin adoption grows. During these growing pains you might encounter increased fees, slower confirmations, or even more severe issues. Be prepared for problems and consult a technical expert before making any major investments, but keep in mind that nobody can predict Bitcoin's future.^source

After all, price volatility is still a mystery whether it will be able to maintain its price above thousands or tens of thousands of dollars or maybe not, but because of the high interest there is confidence that it will be maintained.

The market is fine for traders as far as they can profit from price volatility but I can't confirm that we are now at the bottom while we know there are other possibilities that could cause it to down deeper. Consider any risk you have to invest in an amount you can afford to lose, which means you may have to sell immediately if you can't accept the risk.

[cryptomaniac_xxx]

market is doing fine.
How much deeper market gonna dive? Many believe we are near bottom.

I use to worry about the market price and wonder if we were at the bottom until I read a topic here from a user that regardless of how the market appears, 1btc remains 1btc and as hodlers of bitcoin in different quantity, we shouldn't bother ourselves with the fluctuating value but concentrate on getting more, I found it very encouraging and I think we should redirect our focus towards that instead of worrying about the market bottom.

You have a point here, but in as much as 1 Bitcoin remains 1 Bitcoin and yet it's value is still given with respect to dollar, people will always continue to be worried, because unless all items were sold in Bitcoin, then no one would have worry any longer, because the only thing that would have been required is a certain amount of BTC to purchase your item. But for the fact that Bitcoin is been valued to dollar people will always complain because what $30,000/ BTC can buy, $20,000/BTC can not buy.. So for me, I'm happy to always see the price of Bitcoin rise

I guess it's really up to us on how we see bitcoin, as you have said, most of us there see is as 1 BTC=1 BTC others pertain it on USD value. As far as the bottom, we might have hit it already, but there are still some arguments and this is based on previous all time lows, that it has to reach -80% or higher to call that that we have hit the bottom. So far that is not yet satisfied. So maybe we will see another nose dive next year and that might be the final, before a leg up and then eventual bull run in 2024-2025.

[STT]

Ultimately finding a low price around here, establishing support and rising later will be a positive .   Because the foundations are still setting and uncertain it doesnt appear to be much of a positive just yet, its very unclear.    On the daily bars there is a set of higher lows, even looking back a month I could conclude BTC is doing quite well considering we dont have the best enviroment for gains right now.

[hatshepsut93]

Those problems don't really need to be resolved for Bitcoin to grow. The relationship between them is not a direct one. Negative economic events affect Bitcoin in short-term, but eventually Bitcoin decouples from it. Bitcoin had one of its most devastating crashes on the start of COVID pandemic, but a few months after that it recovered and started showing growth, while the global economy struggled from supply chain disruptions and quarantines.

[Hypnosis00]

market is doing fine.
How much deeper market gonna dive? Many believe we are near bottom. And there is a big reason for it. Market acting surprisingly fine despite everything.

Not that is what I see. I even think that we're done already, in fact, as you can the price of Bitcoin becomes stable above $20k for a couple of weeks which means that we are leaving the bottom already which is $18k (not the exact price). I don't think those "many " as you have mentioned are certainly aware of the situation or just making their speculation based on the wrong information.

The market is already fine. However, you can also think that many factors that could affect the momentum and possibly change the trend from time to time. So I suggest for you OP to keep calm and easy.

[Oceat]

You can't see the bull market coming yet since it's already over a year ago and we are in a bear market. AFAIK  bull market only come when it's done halving and that's every four years and usually the bull market will trigger after but it takes more months before it pump which looks like a trigger of FOMO. And if you want to know when is the bottom? That question has been asked a thousand times here and the most common answer you will get is "no one knows" and it's true since no one actually know when it would happen but if you are in this market for a long time, will know when or what is the bottom price then but not really accurate although it's close to their prediction.

[virasog]

market is doing fine.
How much deeper market gonna dive? Many believe we are near bottom.

I use to worry about the market price and wonder if we were at the bottom until I read a topic here from a user that regardless of how the market appears, 1btc remains 1btc and as hodlers of bitcoin in different quantity, we shouldn't bother ourselves with the fluctuating value but concentrate on getting more, I found it very encouraging and I think we should redirect our focus towards that instead of worrying about the market bottom.

You have a point here, but in as much as 1 Bitcoin remains 1 Bitcoin and yet it's value is still given with respect to dollar, people will always continue to be worried, because unless all items were sold in Bitcoin, then no one would have worry any longer, because the only thing that would have been required is a certain amount of BTC to purchase your item. But for the fact that Bitcoin is been valued to dollar people will always complain because what $30,000/ BTC can buy, $20,000/BTC can not buy.. So for me, I'm happy to always see the price of Bitcoin rise

We would be able to quit comparing bitcoin to fiat currency like the dollar when either the fiat currencies are obsolete and/or no longer used or US dollar has become so weak that its value does not matter. Until that time people will always calculate bitcoin valuation in terms of dollars and we will be finding the tops and the bottoms in every market cycle.

[UmerIdrees]

So for me, I'm happy to always see the price of Bitcoin rise

Not only you, but all the bitcoin holders and bitcoin lovers are happy when they see that bitcoin prices are on the rise. However, when bitcoin prices grow exponentially then the correction in the prices is always due and this correction may take months to complete. If we see the history of bitcoin, we analyze that bitcoin always traces up to 80% of its all time high, therefore it means that the bottom is not yet in. The potential bottom can be between 11-12K but who knows that this time was different and we already had a bottom just under 18K.

[DanWalker]

market is doing fine.
How much deeper market gonna dive? Many believe we are near bottom.

I use to worry about the market price and wonder if we were at the bottom until I read a topic here from a user that regardless of how the market appears, 1btc remains 1btc and as hodlers of bitcoin in different quantity, we shouldn't bother ourselves with the fluctuating value but concentrate on getting more, I found it very encouraging and I think we should redirect our focus towards that instead of worrying about the market bottom.

You have a point here, but in as much as 1 Bitcoin remains 1 Bitcoin and yet it's value is still given with respect to dollar, people will always continue to be worried, because unless all items were sold in Bitcoin, then no one would have worry any longer, because the only thing that would have been required is a certain amount of BTC to purchase your item. But for the fact that Bitcoin is been valued to dollar people will always complain because what $30,000/ BTC can buy, $20,000/BTC can not buy.. So for me, I'm happy to always see the price of Bitcoin rise

I guess it's really up to us on how we see bitcoin, as you have said, most of us there see is as 1 BTC=1 BTC others pertain it on USD value. As far as the bottom, we might have hit it already, but there are still some arguments and this is based on previous all time lows, that it has to reach -80% or higher to call that that we have hit the bottom. So far that is not yet satisfied. So maybe we will see another nose dive next year and that might be the final, before a leg up and then eventual bull run in 2024-2025.

Somehow 1btc is still 1btc but honestly every commodity or asset should be priced in USD or any currency. The value of bitcoin is being measured in USD price and that is true. We use bitcoin for payment, but the product is priced in USD, not bitcoin, bitcoin will only be paid at the time of conversion to USD.
I also personally expect bitcoin to hit a new bottom in 2023, $17.5k is not yet the final bottom for this bear season.

[adaseb]

We are going up because stocks are going up because bond yields have started to hint that the fed won’t be aggressive in their hikes. We will get a couple of more hikes and then we will most likely get some rates cuts.

This seems true now because I think inflation peaked last month with gas prices going down and everything should be cheaper now.

So unless we get double digit inflation. Which is unlikely. This was most likely the bottom.

[bluebit25]

We have all seen problems with this market. Everything is showing the general state of affairs. Everything is in an unattractive state to look forward to. But basically, each of us has a different way of managing assets and investing in order to be able to find profit opportunities. For me, this period needs to rest more after the growth process. long preparation for the next cycle. Right now, potential problems are still burning and are expected to happen in the near future, with a worse impact on the economy in general.

[BuNga_cute]

So for me, I'm happy to always see the price of Bitcoin rise

Not only you, but all the bitcoin holders and bitcoin lovers are happy when they see that bitcoin prices are on the rise. However, when bitcoin prices grow exponentially then the correction in the prices is always due and this correction may take months to complete. If we see the history of bitcoin, we analyze that bitcoin always traces up to 80% of its all time high, therefore it means that the bottom is not yet in. The potential bottom can be between 11-12K but who knows that this time was different and we already had a bottom just under 18K.

Everyone who owns Bitcoin must be very happy to see the price of Bitcoin go up, the problem is that it is impossible for us to expect
the price of Bitcoin to continue to rise. There needs to be a correction, so that Bitcoin can go higher. Regarding what the lowest price of
Bitcoin is, it seems very difficult to know this. Bitcoin movements are very volatile, so it is very difficult to predict. As long as we understand
how Bitcoin works, there should be no need to worry how deep Bitcoin will go down. Because based on the history of Bitcoin movement,
Bitcoin price can always recover and will rise to a much higher price every time it experiences a very low price drop.

Therefore the bear market that is happening now we must be able to see it from the positive side, which is our opportunity to collect as much
Bitcoin as possible. So when the Bitcoin price recovers, we can make a profit from Bitcoin. Even if the price continues to decline after we buy,
we only need to hold the Bitcoin we already have until the price recovers and never sell it at a low price. So in conclusion we have to trust
the future of Bitcoin, then we can be more patient when investing in Bitcoin.

[posi]

Everyone who owns Bitcoin must be very happy to see the price of Bitcoin go up, the problem is that it is impossible for us to expect
the price of Bitcoin to continue to rise. There needs to be a correction, so that Bitcoin can go higher. Regarding what the lowest price of
Bitcoin is, it seems very difficult to know this. Bitcoin movements are very volatile, so it is very difficult to predict. As long as we understand
how Bitcoin works, there should be no need to worry how deep Bitcoin will go down. Because based on the history of Bitcoin movement,
Bitcoin price can always recover and will rise to a much higher price every time it experiences a very low price drop.

Therefore the bear market that is happening now we must be able to see it from the positive side, which is our opportunity to collect as much
Bitcoin as possible. So when the Bitcoin price recovers, we can make a profit from Bitcoin. Even if the price continues to decline after we buy,
we only need to hold the Bitcoin we already have until the price recovers and never sell it at a low price. So in conclusion we have to trust
the future of Bitcoin, then we can be more patient when investing in Bitcoin.

Let's take an example of a shitcoin and it just goes up and up and then disappears from the market forever.
A stable market is a market that is always fluctuating and adjusting, it reflects the supply and demand of the market. a market with only one uptrend is an unsustainable market, bitcoin fluctuates up and down and it has been around for over 13 years and always will be. The deeper the decline, the stronger the increase.

[Morosophy]

Market is in the process of making corrections. Imo, all the markets are facing a downward trend. This is the nature of the market and it is under no one’s control to change its nature.

[Dave1]

Market is in the process of making corrections. Imo, all the markets are facing a downward trend. This is the nature of the market and it is under no one’s control to change its nature.

The market is undergoing corrections ever since we hit the all time high last November. And obviously, we hit the bottom at $17.5, but have been bouncing around the $20k'ish for quite sometime now.

Yes, market is doing fine, but unless we go and break $30k, for me we will see the price as going to be on a sideways move for quite a while until we will have that break out run. And who knows we might be out of the bear market or may not see another lowest low if we go past $30k in this bear market.

[justdimin]

None can be sure about the answer to this question of being at the bottom of the market or not because from what we can see on the technical charts we are currently in a bearish season and there is still not any valid sign to say the bearish season is over, so according to this theory, any price movement to a higher level can be just temporary unless we break the resistance and change the trend to finish the bearish phase, otherwise I'm waiting for lower prices every time I look at the chart.

The logical reason to see why bearish is over is the fact that we have been in the fear index for too long, and the price is recovering right now. I know that not many people will believe we are over it until the price hits a good price, but the reality is that we may not see those prices for a while.

However, we should realize that "bear" means the price going down, and the price hasn't gone down much for a long long time now, meaning we have been over bear market for a long time now. We may not be in a bull market, but markets are not just bull and bear, there is an in between place where it doesn't go down like bear, but doesn't go up like bull neither and that's where we are now.

[burky156]

I think the price of bitcoin still has the potential to drop from the current price. In the last few weeks, the crypto market has remained sluggish, although it is observed to be entering the green zone. However, overall the market is still not able to fully recover to make a significant price increase.

[milewilda]

None can be sure about the answer to this question of being at the bottom of the market or not because from what we can see on the technical charts we are currently in a bearish season and there is still not any valid sign to say the bearish season is over, so according to this theory, any price movement to a higher level can be just temporary unless we break the resistance and change the trend to finish the bearish phase, otherwise I'm waiting for lower prices every time I look at the chart.

The logical reason to see why bearish is over is the fact that we have been in the fear index for too long, and the price is recovering right now. I know that not many people will believe we are over it until the price hits a good price, but the reality is that we may not see those prices for a while.

However, we should realize that "bear" means the price going down, and the price hasn't gone down much for a long long time now, meaning we have been over bear market for a long time now. We may not be in a bull market, but markets are not just bull and bear, there is an in between place where it doesn't go down like bear, but doesn't go up like bull neither and that's where we are now.

Yes, its really tanking and we've been holding for the price to sustain into its current value but there's no assurance that it could able to hold for that long or totally we would really be seeing reversal
later on and the thing that makes it really hard to do is to make out decisions on times like this where everything is really moving sideways or doesnt really show up that much volatility.
We cant determine if its the bottom or not but with those few indicators like that index will really be not a bad idea to look at on how market sentiment and condition is been experiencing on
plus trying to look around in terms of events and sentiments which we could say that the market isnt really making that much in terms of negative aspect which it do really shows out
that there's no way that we would be going down even more.