When Bottom?

[Stella Mese]

bitcoin is not an altcoin. so don't worry there will be a lot of decline in a short time. but altcoins have always followed bitcoin. when bitcoin goes down the altcoins mostly go down more. regarding Mt.gox I don't think it will have much impact on the market. because if one day the distribution is done it must be gradual. and I'm sure not everyone who receives the distribution will immediately sell at the same time. even when tesla sold a lot of bitcoins in the last few months we didn't feel that much of an impact. because every time there is a decline there is always someone ready to buy more bitcoins. so if we pay attention today the number of btc holders on a small scale is growing to a lot and fast. so don't worry too much.

[Desscount]

For now bitcoin does not have any bottom the bottom of Bitcoin is the point it will reach before increasing so I've said this before and another thread that bitcoin don't have any bottom, the thing everybody could see that has got on is when bitcoin price go back to zero so now it is impossible before bitcoin price can go to sable or from the starting point so the bottom everybody is expecting I don't think that there is a time we can see the bottom of Bitcoin

We have been reaching the bottom. There's no need to argue more about this. Bitcoin has been dropping so hard from the top to the bottom and this time the current price may potentially to be the bottom for bitcoin. Buying at this rate was good enough for people.
I just wanna try to tell you about the truth if this time bitcoin is worth to invest caused by it's very cheap for now.

That's right and better take advantage of this time to buy Bitcoin,
will regret if we continue to wait and hope the price of Bitcoin can go down again,
but after all it all depends on each person because the decision is in their own hands

[len01]

For now bitcoin does not have any bottom the bottom of Bitcoin is the point it will reach before increasing so I've said this before and another thread that bitcoin don't have any bottom, the thing everybody could see that has got on is when bitcoin price go back to zero so now it is impossible before bitcoin price can go to sable or from the starting point so the bottom everybody is expecting I don't think that there is a time we can see the bottom of Bitcoin

We have been reaching the bottom. There's no need to argue more about this. Bitcoin has been dropping so hard from the top to the bottom and this time the current price may potentially to be the bottom for bitcoin. Buying at this rate was good enough for people.
I just wanna try to tell you about the truth if this time bitcoin is worth to invest caused by it's very cheap for now.

That's right and better take advantage of this time to buy Bitcoin,
will regret if we continue to wait and hope the price of Bitcoin can go down again,
but after all it all depends on each person because the decision is in their own hands

$60k to $19k isn't that a long way down.
in a situation like this the price of bitcoin is much cheaper than the previous price and if we still think the price will go down even more it will only be a waste of time and self-pity when bitcoin starts to rise again.
time like now is the right time to buy and buy more after that hold and wait for the bulls to come again.
but all of that goes back to the mindset of each one wanting to take a risk now or choosing to be left behind like last year

[wxa7115]

No one can answer this accurately but still there are some analysis that BTC will go down to 14k and it will be bottom for btc in this bear market. Btc price now controlled by biggest whales and they can make fake news also. I think 16k will be bottom for btc and we should make entry here

In a way it is natural that traders and investors as well want to know where the bottom will be, but this is not something we can know ahead of time and it is something we will only get to know once we get close to the bull market.

So instead we need to concentrate on what we will do once we see the price of bitcoin going down once again? Will you hold your coins? Buy the dip? Sell in panic? After all we do not control when the bottom will appear, but we can in fact control our reaction to it.

[Editbar]

A lot of you including me are probably down really bad in this crypto bear Market too to the point where we've either forgotten about our portfolios or we're just too afraid to look at them

I'll go with the fact that we're afraid but in all seriousness, we cannot fall into this trap not right now because right now is the prime time we need to be buying because I promise you the research you do now the coins you buy

right now will be the sole reason why you'll be sipping a pina colada on your yacht and if you guys don't have the
time to do all that don't worry because that's what I'm here for all right taking a look at the Bitcoin rainbow

Bitcoin is extremely oversold right now too to the point where it's almost falling off the chart altogether but this isn't too big of a surprise because from past data we know that September is notorious for being the worst one for a lot of things crypto stocks I sanity if we look back

in 2020 the same thing happened when we

bottomed out and hit this new low and then look what happened to the levels right after that and I feel the same
thing is going to happen right now we're in the same dark blue zone right now.

[Zanab247]

No one can answer this accurately but still there are some analysis that BTC will go down to 14k and it will be bottom for btc in this bear market. Btc price now controlled by biggest whales and they can make fake news also. I think 16k will be bottom for btc and we should make entry here

Since the price of Bitcoin is still struggle between $19k and $20k, showed that the bottom will be $12k before it will move higher to enable other altcoins to increase too, because whenever the price of Bitcoin is rising  in the market, other altcoins will be rising too. I guess, there is still opportunity for people to buy Bitcoin and altcoins, because their price are still low for people to invest and have something reasonable to earn in future.

[bittick]

I think this downtrend will still lasts quite for sometime considering that we're approaching the global economy crisis in 2023 as forecasted by many financial analyst, I think best case scenario that btc could ever recover again at the end of 2023, surely this one could be a long lasting downtrend since there are just many things need to be settled first, the pandemic was really impactful.

[strunberg]

I think this downtrend will still lasts quite for sometime considering that we're approaching the global economy crisis in 2023 as forecasted by many financial analyst, I think best case scenario that btc could ever recover again at the end of 2023, surely this one could be a long lasting downtrend since there are just many things need to be settled first, the pandemic was really impactful.

world economic was still uncertain especially about inflation data as main trigger bitcoin price at this moment. Experts said next year maybe we Will face recession or another food crisis, it will make finance market become harder to recover. Maybe id the Fed stop rising rate , bitcoin price could start recover till next halving at 2024.

[sayaya17]

I think this downtrend will still lasts quite for sometime considering that we're approaching the global economy crisis in 2023 as forecasted by many financial analyst, I think best case scenario that btc could ever recover again at the end of 2023, surely this one could be a long lasting downtrend since there are just many things need to be settled first, the pandemic was really impactful.

world economic was still uncertain especially about inflation data as main trigger bitcoin price at this moment. Experts said next year maybe we Will face recession or another food crisis, it will make finance market become harder to recover. Maybe id the Fed stop rising rate , bitcoin price could start recover till next halving at 2024.

It is true that because the world economic situation is still bad, where inflation is very high, the impact of the war between Russia and Ukraine is
also quite large, and the effects of the pandemic can still be felt. This of course affects the crypto market, which the Bitcoin price recovery will take
longer than we thought. In fact, it is very likely that the bear market will continue until next year, therefore it is difficult for us to predict what
the lowest price of Bitcoin will be, because there is still a possibility for Bitcoin to fall even lower. Although I honestly hope Bitcoin won't drop below $17k,
but there is no guarantee that Bitcoin will not drop below $17k if the economic crisis occurs.

As you said, maybe our hope is that the Bitcoin halving that will occur in 2024 is the moment when the Bitcoin price should be pumped. Therefore,
now is not the time to be pessimistic or panicked to see a bad market situation, but we must start to dare to collect as much Bitcoin as possible
from now on. So when the market recovers in 2024 and the price of Bitcoin pumps,  at least by then we already have a large amount of Bitcoin,
so we can make big profits that can surprise us.

[Iyeman]

No one can answer this accurately but still there are some analysis that BTC will go down to 14k and it will be bottom for btc in this bear market. Btc price now controlled by biggest whales and they can make fake news also. I think 16k will be bottom for btc and we should make entry here

There are so many news that may possible to make it happen. One of these news must be coming from MTgox. It can create disaster for the crypto and bitcoin believers. i think that the price of bitcoin is not controlling by whales but it was also following what happened with the stock market and global economic. I just try to tell you about the truth if bitcoin's movement is the same like stock market.

[Smitty Werben Man Jensen]

I think this downtrend will still lasts quite for sometime considering that we're approaching the global economy crisis in 2023 as forecasted by many financial analyst, I think best case scenario that btc could ever recover again at the end of 2023, surely this one could be a long lasting downtrend since there are just many things need to be settled first, the pandemic was really impactful.

world economic was still uncertain especially about inflation data as main trigger bitcoin price at this moment. Experts said next year maybe we Will face recession or another food crisis, it will make finance market become harder to recover. Maybe id the Fed stop rising rate , bitcoin price could start recover till next halving at 2024.

Yes a recession will welcome us in the next year and it will only make things worse,
Until now, the global economic condition is still not in good condition.
Of course we all hope that there will be good news regarding the global economy and let's see what will happen in the future

[Grim149x]

10k or 8k the buttom but idont know when it happen the market  is manipulated by the whales thats why its so hard to predict  ta is nothing beacuase of the whale manipulated market. ihope soon it will be reach the 10k.

[Ararbermas]

even when tesla sold a lot of bitcoins in the last few months we didn't feel that much of an impact. because every time there is a decline there is always someone ready to buy more bitcoins. so if we pay attention today the number of btc holders on a small scale is growing to a lot and fast. so don't worry too much.

yup because there's a two types of buyers and sellers in the crypto market which is the investors and traders that's why there's a fluctuation and the growth of the market becomes so volatile.. If the OP wants to know where is the bottom is, then he need to have knowledge how to make technical analysis like what traders does to identify the possibilities of the market growth rate it's a big advantage indeed.

[kapalmabur]

The bottom has been at $17k for the time being and has been reached last month,
yes we know that September is very famously bearish for crypto currencies,
this is why many experts also say that the bottom has been reached and bullish in October is the beginning,
but we certainly have to prepare a strategy if Bitcoin dumps below $15k, because it has also been predicted by some experts as well.

[Xal0lex]

Maybe the release of 100,000 BTC will not be that damaging. Sure if everyone sells, we will find new levels, but right now, I think it is the only event investors wait to begin buying both Bitcoin and altcoins.
Nobody wants to buy fearing MtGox holders will dump their 9 year forced-hodled coins. Maybe they won't but it is fear of a dump that blocks many investors at this point.
The soonest the MtGox BTC are released, the better for everyone in this market. The FUD will end, and if prices drop then we get a discount.

The mt.gox bitcoin epic will go on and on. I recently read the news that bitcoin issuance has been postponed until early 2023. This year, as previously announced, there will be no refunds. I am not sure if this was the last postponement of bitcoin issuance to affected investors. This story could drag on for a very long time, being already synonymous with FUD. So don't pay much attention to such analytics.

[wheelz1200]

Taking a look at prices at coinmarketcap isn't giving me hope we are at the end of the bear market yet.
But the charts and the overpriced assets (Shiba Inu, Dogecoin, etc.) are not the only indicators.

There's an event we are waiting for that should finally end and that's no other than the MtGox coins release. Certainly, Bitcoin's price is decisive for the whole market.

Maybe the release of 100,000 BTC will not be that damaging. Sure if everyone sells, we will find new levels, but right now, I think it is the only event investors wait to begin buying both Bitcoin and altcoins.
Nobody wants to buy fearing MtGox holders will dump their 9 year forced-hodled coins. Maybe they won't but it is fear of a dump that blocks many investors at this point.
The soonest the MtGox BTC are released, the better for everyone in this market. The FUD will end, and if prices drop then we get a discount.

Singular events don't move the needle anymore.  They used to and maybe for alts they can crush or push them.  But price movement with bitcoin isn't event driven it is truly a market shift that causes new price swings.  Is this the bottom, who knows.

[Jaered]

That Mt Gox loot is going to test the 'hodl-ness' of some cryptocurrency users because obviously the worth of bitcoin back then and now is a whole lot of money, and those long-suffering investors may want to cash out, and that can dip the bitcoin price. But bitcoin always bounces back. Always

[bittick]

The bottom has been at $17k for the time being and has been reached last month,
yes we know that September is very famously bearish for crypto currencies,
this is why many experts also say that the bottom has been reached and bullish in October is the beginning,
but we certainly have to prepare a strategy if Bitcoin dumps below $15k, because it has also been predicted by some experts as well.

I think in october it's gonna be hard for bitcoin to change its trend, there are so many things need to be considered, i'm sure btc could make recovery but surely it isn't in this month, even right now there aren't any signs of the changing trend, it will surely stuck around $20k for long, maybe in the beginning of the next year we gonna see some gradual changes towards the trends otherwise it will just stuck like this.

[Kadal Ijo]

The bottom has been at $17k for the time being and has been reached last month,
yes we know that September is very famously bearish for crypto currencies,
this is why many experts also say that the bottom has been reached and bullish in October is the beginning,
but we certainly have to prepare a strategy if Bitcoin dumps below $15k, because it has also been predicted by some experts as well.

I think in october it's gonna be hard for bitcoin to change its trend, there are so many things need to be considered, i'm sure btc could make recovery but surely it isn't in this month, even right now there aren't any signs of the changing trend, it will surely stuck around $20k for long, maybe in the beginning of the next year we gonna see some gradual changes towards the trends otherwise it will just stuck like this.

It seems that there is no sign that October can be better than September, and negative trends still continue, I prefer to wait until the price position can be low again to buy, And in my opinion the size of the bottom is if the price of BTC can be lower than $ 17K or the price of ETH below $ 1000.

[dlightag]

The market situation report show that cryptocurrency market is on the bear market, where bitcoin price drop it affect other alt-coin in the crypto market, Therefore, what we need to understand that, the bottom line has not been drawn because bitcoin demand in the market is high, which is sooner or later, bull run we start, and this is a[ good entry points to buy for next pump in crypto market.