When Bottom?

[Altcoinsintel]

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.

[1715321968]

1715321968

[1715321968]

1715321968

[1715321968]

1715321968

[1715321968]

1715321968

[1715321968]

1715321968

[MinoRaiola]

I believe FUD will never end. There will always be someone who says negative, even if Bitcoin is the best idea of this century. The bottom may have been reached, but that is in relation to the current situation in the world. If that changes and there is a major war, or blackout because of energy, then people will continue to get scared. Investments could out of bitcoin and acceptance could fall. For the price to rise, you need many more people and companies that want bitcoin. A bottom in 2023 could be lower with a worse situation than now.

But there are also times when bitcoin does what it wants and I would bet on that

[Jating]

I thought that we are done with the Mt. Gox discussion because it's really a hot topic last August?

But in any case, we don't know if  the bottom is in, others say that yes, but there are still some who thinks that bitcoin can go as low as $10k-$15k, but it will have to happen next year.

So we will see, as for the altcoin, same movement, majority is like 80%-90% down from it's previous high but the bleeding might not stop.

[posi]

I thought that we are done with the Mt. Gox discussion because it's really a hot topic last August?

But in any case, we don't know if  the bottom is in, others say that yes, but there are still some who thinks that bitcoin can go as low as $10k-$15k, but it will have to happen next year.

So we will see, as for the altcoin, same movement, majority is like 80%-90% down from it's previous high but the bleeding might not stop.

I also remember that I also participated in the discussions about the bitcoin release of Mt.gox this past August, but in the end so far all are just rumors and still no official announcement from Mt.gox. I think someone is intentionally spreading FUD in the market to cause more panic.

In this September, we will mainly focus on the news that the Fed will raise interest rates and finally, the rate hike has caused the market to fall deeper. Today is the last day of september i think we will have a better october as there are not any major events affecting the market, suddenly the MT.Gox event was mentioned again by someone, apparently it's all just pre-arranged FUD.

[TheUltraElite]

Surely it is more than just Mt. Gox, that news started some panic in the market some time back but the thing with FUD is the first contact effect where the impact on the market is the maximum on first appearance of the news, further down the line, people become resistant to that news.

Still the FUD will continue in different forms, it never ends and neither will the cycle of bull and bear. So better to put that thought out of your head. Instead to keep profiting, just treat the numbers as numbers, not as an effect of a news on a number. Buy bitcoin at the lower prices being reached and sell when it will goes back up.

Today it might be one set of FUD, tomorrow it will be another. Hence we have to learn to ignore them.

[Altcoinsintel]

suddenly the MT.Gox event was mentioned again by someone, apparently it's all just pre-arranged FUD.

I'm not sure why you wrote this. This is what everyone is expecting. The BTC from MtGox to be released.
What do you suppose will happen?

[masulum]

It is difficult to predict bottom positions for altcoins and bitcoins at this time. because the market moves so fast and is very different from 2017. In this condition, you should pay attention to the trading budget you have, make periodic purchases, not instant buys. Follow the trend when it goes down, do the accumulation starting from small amount but continously till reach 100% from your budget. If you are afraid to see your portfolio, you should withdraw and hold it to your own wallet then reopen when there is a pump. never hold it on exchange, its not good.

[Wapfika]

suddenly the MT.Gox event was mentioned again by someone, apparently it's all just pre-arranged FUD.

I'm not sure why you wrote this. This is what everyone is expecting. The BTC from MtGox to be released.
What do you suppose will happen?

Because this topic has been discussed many times every time Mt Gox news buzz again. Mt.Gox released already a official statement that they will be releasing the funds by batch and not in one go. And also there’s still no definite time of the release since the payment structure plan is not finalized. I’m sure that the Mt.Gox BTC itself will not cause the dump but the people who will panic sell due to the FUD news coming from social media.

[Wiwo]

The month of October may still face more crypto winters as most coins in the market will see more price decline and even Bitcoin may face more drop in price and same will be faced with the other altcoin who will face more volatility in their price. But then it is better to hold more Bitcoin this moment and focus less on altcoin.

[cabron]

If they are really up to release the coins, it should be very timely that people needed the money this time. If they are really to distribute the coins, it raises the hopes of MtGox users. They better do it already, it will be a big help. BTC may dump but at least we're going to be over with it.

While its not happening yet, price will just hang in this level. Its been 4 months already and we are still seeing seesaw in $18000-24000.

[Sterbens]

The month of October may still face more crypto winters as most coins in the market will see more price decline and even Bitcoin may face more drop in price and same will be faced with the other altcoin who will face more volatility in their price. But then it is better to hold more Bitcoin this moment and focus less on altcoin.

It's a good choice in my opinion as well to put the focus on bitcoin. Because almost everyone is now focused on the price movement of bitcoin, and I believe that sooner or later bitcoin will stabilize again. Moreover, it is more profitable that the price movement in the market depends on bitcoin. I'm also a little into altcoins that have great potential and of course already have high enough trust, not much but I think it's quite profitable.

[kapalmabur]

When Bottom? $17.5k is the bottom and currently Bitcoin is priced at $19.5 and rose to $20k earlier,
if you haven't bought Bitcoin I guarantee you will regret it because many people expect Bitcoin to dump to $15k,
and unfortunately the month will change and September will be over .

[Altcoinsintel]

suddenly the MT.Gox event was mentioned again by someone, apparently it's all just pre-arranged FUD.

I'm not sure why you wrote this. This is what everyone is expecting. The BTC from MtGox to be released.
What do you suppose will happen?

Because this topic has been discussed many times every time Mt Gox news buzz again. Mt.Gox released already a official statement that they will be releasing the funds by batch and not in one go. And also there’s still no definite time of the release since the payment structure plan is not finalized. I’m sure that the Mt.Gox BTC itself will not cause the dump but the people who will panic sell due to the FUD news coming from social media.

Right. The moment the first transaction out of an MtGox address takes place it is possible there will be panic. What make sense to me is to end with this situation the soonest possible.

if you haven't bought Bitcoin I guarantee you will regret it ...

Quit the ponzi-talk, please. It doesn't serve anyone. Regret it. Like I'm going to cry at the corner. I have investments, and I hold BTC. This is not about Bitcoin anyway but other coins I'm willing to risk and invest.

[strunberg]

I believe FUD will never end. There will always be someone who says negative, even if Bitcoin is the best idea of this century. The bottom may have or been reached, but that is in relation to the current situation in the world. If that changes and there is a major war, or blackout because of energy, then people will continue to get scared. Investments could out of bitcoin and acceptance could fall. For the price to rise, you need many more people and companies that want bitcoin. A bottom in 2023 could be lower with a worse situation than now.

But there are also times when bitcoin does what it wants and I would bet on that

alot reason behind this negative sight in this market, most of them only want retail traders panic and whales buy their coins cheaply. This is the main reason for this fund, I have different sight about 2023 many people said reccesion will happen and maybe stock market will nuke more but it will not happen to Bitcoin. When government decided printing more money ,this is be moment for Bitcoin bounce hard and go to moon.

[TastyChillySauce00]

The release of 100k bitcoin will be giving a big damage to the market. I can sure not all of creditors will be liquidating their bitcoin to the market but the problem is if even 50k bitcoin will drive market to go down once such amounts dumped instantly without thinking about the liquidity in the market. Remember the case that happened after tesla was dumping all of its bitcoin. Market goes to the bottom and panic selling everywhere.

[FinneysTrueVision]

The global economy is really struggling right now and that is having a negative impact on crypto markets. The bear market won’t end until we see an improvement in traditional markets. Inflation is still out of control in many countries and the conflict in Ukraine is only intensifying. These are not good signs for the price of Bitcoin.

[Oceat]

If you aren't long enough on this forum you will need to see it to yourself that bear market won't just end for a year or having a constant price for over a year at least it's constant within that bearish market but not when it's in bullish time. I guess this is how really the market works after looking and experiencing those ups and downs of prices.

And if you are waiting for the bottom, the only answer you would get is "nobody knows" since no one could actually guess or predict the future. But there's always a way that you can anticipate when will be the market going up or going down.

[wxa7115]

If you aren't long enough on this forum you will need to see it to yourself that bear market won't just end for a year or having a constant price for over a year at least it's constant within that bearish market but not when it's in bullish time. I guess this is how really the market works after looking and experiencing those ups and downs of prices.

And if you are waiting for the bottom, the only answer you would get is "nobody knows" since no one could actually guess or predict the future. But there's always a way that you can anticipate when will be the market going up or going down.

It is natural that those that were not around for the crash we saw at the end of 2017 are nervous about what it is happening. but they need to understand that bear markets can be very long and there is not much we can do but to endure them.

And during the time the negative trend is present in this market we will see a lot of FUD being thrown around to try to make the price of bitcoin crash, and this makes impossible to predict how low the price will go and when it will happen, and while this is problematic if you are a long term holder then the bottom instead of being something to be afraid it becomes something to look forward, as that is a great moment to buy all the bitcoin you can.

[DanWalker]

The release of 100k bitcoin will be giving a big damage to the market. I can sure not all of creditors will be liquidating their bitcoin to the market but the problem is if even 50k bitcoin will drive market to go down once such amounts dumped instantly without thinking about the liquidity in the market. Remember the case that happened after tesla was dumping all of its bitcoin. Market goes to the bottom and panic selling everywhere.

Exactly Mt.Gox will issue 137kBTC not 100kBTC, but I don't see it will cause any damage to the market. They put on the market such a large amount of bitcoin but it doesn't increase or change the bitcoin supply how can it cause damage? Like the case you describe about Tesla, I don't see it having too much of an impact on the market, just investors' reaction to the market, some panic sell for fear of loss but there are always some other investors waiting to buy at lower price.

Depending on people's reaction to that news, for me that is good because there will be more buying opportunities for bitcoin and once the bad news is over it will be time for the bulls to come.

[coinerer]

When every investor is able to understand that the market will continue to be more bearish, no one is interested in making new investments in the market. As a result, even if the market is less than 100000 BTC, it will not be able to change the situation. If the market was bullish, the market would not have any effect of MT Gox. The market will gradually be able to break out of this bearish trend. But we have to wait with having patience.