When Bottom?

[Kemarit]

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 .

Waiting for bitcoin bottom to invest is unprofessional while we have DCA strategy. No one knows where the bottom will be, if we wait we will miss the opportunity to buy bitcoin cheaply. Investing in bitcoin is a long-term investment, a few percent higher price is nothing to worry about. Many people wait for a bigger drop but this October I believe bitcoin will rise again.

Bitcoin is always having a good result during october. The problem is we have been facing so many problems at the same time. The global recession came along with so many inflations that happened with market. That was pushing people not to spend their money for the volatile investment like crypto. The problem is when this thing is still happeing during this money and bitcoin may have negative result for this month.

Wrong, it's not always, during the last bear market of 2018, Bitcoin was doing like -3-4%  at the month of October.

But I do agree that it is a trying times not just for crypto market, but for the rest of other investments that we have right now. The looming recession, or shall I say that we are already in that phase. And still the war that we don't know when it's going to end are affecting everyone of us. Dollar is weakening is another indication that this year and maybe the next, we should expect the worst and so is Bitcoin market. Next year we will still experience another worst bearish trend.

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[blockman]

Waiting for bitcoin bottom to invest is unprofessional while we have DCA strategy.

What's the connection of being professional and unprofessional just because someone is waiting for it to dip? I don't see any reason to call somebody as unprofessional just because he's waiting for the dip? Yes, there's DCA and other strategies but you can't just call someone unprofessional because he's waiting for the bottom. Everyone is waiting for the bottom and that's the time that we're waiting for and we like to invest at the bottom because that's the most ideal time and price to buy.

[ethereumhunter]

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 .

Waiting for bitcoin bottom to invest is unprofessional while we have DCA strategy. No one knows where the bottom will be, if we wait we will miss the opportunity to buy bitcoin cheaply. Investing in bitcoin is a long-term investment, a few percent higher price is nothing to worry about. Many people wait for a bigger drop but this October I believe bitcoin will rise again.

That could make them late in buying bitcoins because no one will know when bitcoin will bottom out. Yes, I agree to use the DCA strategy so that we won't be late to buy bitcoin, especially if the price can go down. That will allow us to buy bitcoin at the bottom price because who knows, we might buy it at the bottom. So if your goal of investing in bitcoin is for the long term, now is a good time to buy because the price is still below and maybe we won't see this again in the future.

[Jackl87]

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.

I am also having a hard time to really get an indication or at least a feeling where the crypto market will head in the mid and longterm future. It is definitely true that projects like Shiba Inu and Dogecoin are still valued way to high, because in the end they are just useless shit coins. I think though that Dogecoin will still be in the top 50 in terms of the market cap. Just because it was the first of all those meme coins and many people seem to have a soft spot for that project.

[Hamza2424]

Bottom for what for cycle you never know you always get about it after the end of cycle haha. Indicators can just give a direction for me its not done yet bro i am waiting for it but we are close to the market bottom. Bottom but why you want to know about it really if for investment so that the best time for the investment. If you are expecting market pull back sooon after the bottom then bro  we are in the consolidation zone wait for the market sentiments to be reversed at-least for the 30K.

[Coin_trader]

While there are people who are waiting for the price of Bitcoin to pump, others are still waiting for the bottom so they can buy and accumulate more coins at its cheaper price which could make them gain higher profits when the bull run approaches which I think is good preparation. That's not unprofessional but rather a good strategy of applying the basics of buying low and selling high.

This right. Waitingfor a perfect opportunity to have a better position on lower price is actually the right way. Buying Bitcoin on rush just to enter without any confirmation of the trend reversal is the real unprofessional way yet it's not wrong too as long as the purpose of the buyer on doing that just for accumulation for a long term holding like Microstrategy doing when they keeps buying while the price keeps dumping.

I think the decision of buying and selling of crypto traders depends on the purpose of there trading some wants a short term profit that’s why they want to purchased at the most bottom part while others is thinking for long term that’s why they keep buying on any price below the ATH.

[Eternad]

Waiting for bitcoin bottom to invest is unprofessional while we have DCA strategy.

What's the connection of being professional and unprofessional just because someone is waiting for it to dip? I don't see any reason to call somebody as unprofessional just because he's waiting for the dip? Yes, there's DCA and other strategies but you can't just call someone unprofessional because he's waiting for the bottom. Everyone is waiting for the bottom and that's the time that we're waiting for and we like to invest at the bottom because that's the most ideal time and price to buy.

The lower the price the better to accumulate more BTC before it starts to recover its price and pump again, though we don't know what price is the bottom but many is aiming to buy as much as possible in the least possible price so I try to buy Bitcoin whenever the price decline and hope it will pump after. It's not wrong to wish for the bottom price as we can get more profits if we will be able to buy it at lowest and sell it at high.

[Jawhead999]

Do you think the whole Mt.Gox holders will sell all of their coins? I doubt it since they're already learn if holding are actually make them earning so much money. Surely they might sell few percent to enjoy few days about their success, but they will continue to hold for long term purpose.

Instead of asking when is the bottom, why not start collecting from now and when the bottom happen, you can bought the bottom too rather than missed the chance.

[piebeyb]

well maybe people are always worried about dumping done from mtgox holders, I don't think they will do the distribution all at once and could just do the distribution in stages, because I know it will result in a pretty strong dump although I believe it won't take long and the big whales are ready to buy it down below, so actually it's not just on mtgox but also we're in a bear market in a 4 year cycle reckoning, letting them phase it out is a good move to take under $20k, I bet it won't under $15k, wait till the end of this year

[monineklutak]

Do you think the whole Mt.Gox holders will sell all of their coins? I doubt it since they're already learn if holding are actually make them earning so much money. Surely they might sell few percent to enjoy few days about their success, but they will continue to hold for long term purpose.

Instead of asking when is the bottom, why not start collecting from now and when the bottom happen, you can bought the bottom too rather than missed the chance.

There's a huge possibility that those who are waiting for the bottom to happen might miss the lowest price of Bitcoin. That's why it's advised to buy at a low price than wait for the lowest because we might miss the chance out. The current market situation is actually a perfect time for investing. It will still guarantee a promising profit in the future.

Yes at the moment the market is still bearish and indeed it is a good time to invest,
choose a coin that really has potential and it's better to do some research first,
after all we have to consider the risks before buying

[rhomelmabini]

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.

I think it's in batches and for sure lot of the people that get the refund will not sell at all, it's all just a FUD considering we're in a bear market, lot of people are just fearful. They have been holding onto it in the first place for how many years now and seeing it bounces to $70k will keep the wondering. Expecting bottom is likely not my idea by now, DCA is the best strategy to keep your money working.

[palle11]

We see that the price of Bitcoin is fairly fixed in a range. Maybe this is the bottom. It can go lower than that. But I think now is the best time if anyone wants to make a long term investment.

No bitcoin is not fixed and will not be. Despite that it has not moved highly volatile yet but it has had up and down movement probably looking for a breaking for support or resistance. This week was different from last week that was bear. Bitcoin is selling around $18,9300 after dropping from $19,500 yesterday , however the price still looking down so nobody knows how the week will turn up.

[Johnyz]

Everyone eagerly wants to know just where the bottom is. But no one has an exact idea about it. We see that the price of Bitcoin is fairly fixed in a range. Maybe this is the bottom. It can go lower than that. But I think now is the best time if anyone wants to make a long term investment.

We can know once we reach it and with Bitcoin I think the bottom can still happen since after trying many times to break the resistance we are still failed to do so which means bear is still strong. I suggest not to wait for any bottom before you buy, better to start buying now and when Bottom happens that’s the time for you to buy more, this could be the best strategy for long term investors.

[goaldigger]

Bottom is still possible, as we are still in a bear market. It’s hard to know if we already hit the bottom price or the worst price is yet to be seen during this bear market. The best thing to do is to be prepared, bear market is still strong and many coins/tokens are still struggling to break the resistance. With the economic situation of many countries, I still cryptomarket will continue to follow the trend of the stocks. If the whales will continue to liquidate their Bitcoin, that can help the bear market to stays longer and we have no control over it but to wait patiently until those whales are done liquidating.

[Rengga Jati]

Taking a look at prices at coinmarketcap isn't giving me hope we are at the end of the bear market yet.

Be patient, mate, exactly this bearish market is not yet ended. We can still see that the market is still experiencing extreme volatility, sometimes crash, and also the bad situation, moreover with so much FUD again around. As usual, the price may be up and down unpredictably. We can't deny that this year may not end in a good situation, not really to the end of the bear market. It needs more times.

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

Although FUD is always spreading, although we can never stop the FUDs that are spread by so many parties and people, in fact, there will be not stop also the ways of investors to buying more Bitcoins, moreover during this bearish market. Actually, this is a good time to invest in Bitcoin, right? I ma not sure about altcoins, but in fact, Bitcoin is the favorite one to invest in during this cheap market.

[serjent05]

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

FUD had been a very effective weapon of manipulators in order to crash the market.  And every time FUD circulates some entity take advantage of it by buying the cryptocurrency in its bottom, then when done accumulating, they will release news that then hypes the market.

Bottom is still possible, as we are still in a bear market. It’s hard to know if we already hit the bottom price or the worst price is yet to be seen during this bear market. The best thing to do is to be prepared, bear market is still strong and many coins/tokens are still struggling to break the resistance. With the economic situation of many countries, I still cryptomarket will continue to follow the trend of the stocks. If the whales will continue to liquidate their Bitcoin, that can help the bear market to stays longer and we have no control over it but to wait patiently until those whales are done liquidating.

True, no one knows what is the exact bottom price so all we can do is just speculate.  During the bear market, everything is uncertain specially the price trend.  One day it will record a higher low then the next day it will record a lower low.  The market sentiment is continuously shifting so I think we better watch the market carefully because we never know when will the market records its bottom.

[bittick]

asking when the bottom gonna occurs is like asking for the future, all you can do is dca basically investing with some strategies, by that you could make great investments which could give you nice returns, otherwise you're just gonna wasting time waiting for the bottom meanwhile you will surely miss the bottom since it's very random when bottom actually gonna occured, so if you want to invests I guess you just find the right moment and the right price that way you could make fortunes.

[blockman]

Waiting for bitcoin bottom to invest is unprofessional while we have DCA strategy.

What's the connection of being professional and unprofessional just because someone is waiting for it to dip? I don't see any reason to call somebody as unprofessional just because he's waiting for the dip? Yes, there's DCA and other strategies but you can't just call someone unprofessional because he's waiting for the bottom. Everyone is waiting for the bottom and that's the time that we're waiting for and we like to invest at the bottom because that's the most ideal time and price to buy.

The lower the price the better to accumulate more BTC before it starts to recover its price and pump again, though we don't know what price is the bottom but many is aiming to buy as much as possible in the least possible price so I try to buy Bitcoin whenever the price decline and hope it will pump after. It's not wrong to wish for the bottom price as we can get more profits if we will be able to buy it at lowest and sell it at high.

Last time, we've seen $17k as the bottom so take it from there and we're near to that as bitcoin remains to $19k. It isn't that far from the last bottom that we've seen and there's not that much difference, or the different isn't that far if you're not buying a whole bitcoin.
Like if you're about to buy and acquire 3 decimals, the difference would just be some centavos or a few bucks. That's why, it's still good to buy right now but many don't want to buy it because they think that it's still a lot.

[yhiaali3]

It is not only the MtGox issue that raises people’s fears, there is the Russian-Ukrainian war and the rise in energy prices in the world, all these bad economic and political conditions make people in constant fear due to recession, inflation and other economic problems, people will continue to fear the decline in the price of Bitcoin but I personally believe They will soon regret that they did not take advantage of the low price opportunity. This situation will not change unless people believe that Bitcoin is a store of value and a safe haven.

[Shasha80]

I had hopes that altcoins would perform well, but I lost them one by one. If Bitcoin makes another big drop, all altcoins could come to half their current prices. I don't think we're at the bottom yet. Maybe waiting a little longer might be the best option. For now, I will not rush and wait patiently a little longer because Bitcoin may not have says us its final word yet.

As long as your altcions can survive until the bullish trend will come soon and i do believe if your altcoin will make another come back very soon. The only problem is when so many people have not yet aware about the market is still struggling with bearish market but they expect bullish to come as soon as possible. Im still also wait patiently. This must become a very long time to wait but we can do nothing for that

In a bear market situation, we really have to choose potential projects, because usually potential projects will survive in a bear market situation.
So we don't have to worry about the projects we choose will drop to the lowest price, we just need to hold the projects until they recover.
Potential projects can always recover and the price will go up no matter how much the price goes down. We can buy potential projects whenever
the price drops. Because in a bear market situation as you said there are not many ways to deal with a bear market, besides continuing to
accumulate projects that we consider potential, then after that holding until the target we want to achieve. We can also hold potential projects
until the bull market comes, because it is certain that when the bull market comes, almost all projects will increase. Indeed, to become successful
investors, we need good skills in analyzing the market, so that we are not wrong in choosing what projects are worth buying in a bear market situation.