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

[Ararbermas]

No one knows and don't expect too much on the current situation because market is still very unpredictable and suddenly becomes so volatile especially these days.  And we don't have an idea what whales will gonna do in the future.. So be aware and must wait for more results to assure everything will gonna be alright afterwards.

[Minecache]

Given the current economic situation, it is highly unlikely for the market to fully recover,

Sadly this is true even though it goes against all logic and bitcoin design!
Bitcoin is the hedge against inflation and whenever the fiat currencies dump, bitcoin price should go up. And we all know that all major fiat currencies from USD to EUR are dumping hard as we can see price of everything is increasing (except bitcoin!).

I think we need more time to prove, bitcoin is still considered a volatile asset and it is still not a reliable asset when the governments of countries constantly see bitcoin as an enemy. This is what makes bitcoin not as popular and trusted as other traditional assets.

But in the long run, maybe 5 years or 10 years when fiat depreciates heavily, people will know what to do with their assets, they will realize bitcoin is the most effective hedge against inflation.

[Ayers]

i see people struggling with daily work to overcome difficulties let alone have idle money to invest, today investment is not their concern, they need to take care of their daily meals first,
regarding bitcoin, i also think we will have a sideways trend rather than a bull season later this year

if you know how this market goes then you should understand that this is the time to deposit and invest if you dont wanna end losing more in the future.

of course mate, the bear market is an investment opportunity and a great holding opportunity for future profits, but let's say i'm having a hard time getting income to spend every day and have no idle money, i can't take the risk to invest because you know crypto is a risky investment and we never know when it will recover
so it is very risky when you invest with money everyday, you cannot bet the lives of your children and family on the risky market, that's selfish
the market is always there and the opportunity will always be there, if you can't invest today, you can invest tomorrow, family is unique

[fzkto]

Given the current economic situation, it is highly unlikely for the market to fully recover,

Sadly this is true even though it goes against all logic and bitcoin design!
Bitcoin is the hedge against inflation and whenever the fiat currencies dump, bitcoin price should go up. And we all know that all major fiat currencies from USD to EUR are dumping hard as we can see price of everything is increasing (except bitcoin!).

I think we need more time to prove, bitcoin is still considered a volatile asset and it is still not a reliable asset when the governments of countries constantly see bitcoin as an enemy. This is what makes bitcoin not as popular and trusted as other traditional assets.

But in the long run, maybe 5 years or 10 years when fiat depreciates heavily, people will know what to do with their assets, they will realize bitcoin is the most effective hedge against inflation.

But there may be another currency that will be promoted by different governments, which is CBDC. If that happens in the near future, just as you say in 5 years, but maybe sooner because fiat money will depreciate because of inflation, that will be a huge problem for bitcoin and cryptocurrencies. CBDC will definitely become a worldwide ban for cryptocurrencies.

[fuguebtc]

But there may be another currency that will be promoted by different governments, which is CBDC. If that happens in the near future, just as you say in 5 years, but maybe sooner because fiat money will depreciate because of inflation, that will be a huge problem for bitcoin and cryptocurrencies. CBDC will definitely become a worldwide ban for cryptocurrencies.

CBDC is essentially no different from fiat, the government can also print as much as it wants and it also loses value over time. The government issued a CBDC I think it will, it won't affect bitcoin, and they can't ban crypto outright if they have a CBDC. The value of bitcoin will always increase over time and people will gradually realize that with a constant supply only bitcoin is a good hedge against inflation.

[btc78]

i see people struggling with daily work to overcome difficulties let alone have idle money to invest, today investment is not their concern, they need to take care of their daily meals first,
regarding bitcoin, i also think we will have a sideways trend rather than a bull season later this year

if you know how this market goes then you should understand that this is the time to deposit and invest if you dont wanna end losing more in the future.

of course mate, the bear market is an investment opportunity and a great holding opportunity for future profits, but let's say i'm having a hard time getting income to spend every day and have no idle money, i can't take the risk to invest because you know crypto is a risky investment and we never know when it will recover

yeah I got you there mate, actually that is why I keep advising people here to at least keep safe some extra funds for this kind of time because like what we both agreed this is the time for perfect investment.

but of course your money for food and bills must not be risked in crypto investment specially in times like this that life is really a struggle everyday.

so it is very risky when you invest with money everyday, you cannot bet the lives of your children and family on the risky market, that's selfish
the market is always there and the opportunity will always be there, if you can't invest today, you can invest tomorrow, family is unique

yes , maybe just try waiting for another chances though the next time/ better to be ready in this kind of bearishness .

[SirLancelot]

the bear market is an investment opportunity and a great holding opportunity for future profits, but let's say i'm having a hard time getting income to spend every day and have no idle money, i can't take the risk to invest because you know crypto is a risky investment and we never know when it will recover
so it is very risky when you invest with money everyday, you cannot bet the lives of your children and family on the risky market, that's selfish
the market is always there and the opportunity will always be there, if you can't invest today, you can invest tomorrow, family is unique

If you do not have the money then you do not have the money, there isn't an alternate for that at all. I personally believe that the best thing we can do right now would be making sure that everyone realizes how hard this is, if you realize that then you are going to be fine for sure.

I do not know if you could find any money, but if you can't then just work for it, there are plenty of jobs in the crypto world where you can make money, and if you can make money then you can reinvest it. If not, then just wait, I know you will not want to wait, but you have to, find a better job, get a better salary, whatever you can, but do not invest the money you need to live.

[Finestream]

^ Indeed. Even when we've been there we feel the need to look up in desperation hoping we don't get lower -- when really we should be "thankful"  Bitcoin spends the majority of time in the bottom. I'm a really slow and steady "collector", DCA-ing all the way and liquidating when I'm forced to (unfortunately missing two ATHs).

Of course I feel those pangs of regret, but I've definitely seen more than enough to feel pleased I'm given a second chance to accumulate in extra value range. If it gets lower, I benefit more.

DCA baby.

There’s more reason to be glad right now than stay regretful and gloomy because the market itself is giving us another opportunity to invest and accumulate more bitcoin. Though the market remains unpredictable and we don’t know what’s up next, but the fact that we are here to invest for long term, then now is the best time to buy more for bigger future profits too. Surely if it gets lower, then I will accumulate more bitcoin as much as I can. And DCA can be very useful this time.

[Silberman]

^ Indeed. Even when we've been there we feel the need to look up in desperation hoping we don't get lower -- when really we should be "thankful"  Bitcoin spends the majority of time in the bottom. I'm a really slow and steady "collector", DCA-ing all the way and liquidating when I'm forced to (unfortunately missing two ATHs).

Of course I feel those pangs of regret, but I've definitely seen more than enough to feel pleased I'm given a second chance to accumulate in extra value range. If it gets lower, I benefit more.

DCA baby.

There’s more reason to be glad right now than stay regretful and gloomy because the market itself is giving us another opportunity to invest and accumulate more bitcoin. Though the market remains unpredictable and we don’t know what’s up next, but the fact that we are here to invest for long term, then now is the best time to buy more for bigger future profits too. Surely if it gets lower, then I will accumulate more bitcoin as much as I can. And DCA can be very useful this time.

I think the same, while I can see why people can get mad that the price of bitcoin is so low now, since they invested when the price was much higher, at the same time we need to understand this is an opportunity that will most likely never repeat itself, something similar happened during the previous bear market and now it is almost a sure thing bitcoin will never get that low again, so if someone is really interested in bitcoin and has the patience to hold their coins then there is not a better moment than now to buy bitcoin.