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Author Topic: Bitcoin is on 30k how was your feelings ?  (Read 1101 times)
justdimin
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April 30, 2023, 05:55:51 AM
 #141

I think the current price will find it difficult to skyrocket again like in 2021, every time there is an increase there will be selling or profit taking because many people are traumatized that the market will drop again, especially now that most FUDs say that the current increase is only a temporary pump and eventually the market will drop deeper, but I think the best thing is to make bitcoin a long term investment.
I think that is not said by most people? I mean I have seen a lot of times and it looks like FUD people will say whatever FUD they end up saying, that's their situation and shouldn't be really shocked to see that. However, if we look at the reality, we see it grow as much as possible and that is a good thing and shouldn't be shocked at all.

I feel like it could skyrocket like 2021 and even reach ATH, even if not right now, eventually it will get there soon, probably this year, if not next year. That is important to note because that means that we are doing as well as hoped for and there is a hype in the market. All those FUD people will just regret not buying at the lower end and should not be talking so big right now at the current moment.

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April 30, 2023, 08:03:50 AM
 #142

When the bitcoin price is back above $30k, of course we all feel very happy because the last few months the bitcoin price has climbed above $30k. Therefore I expect bitcoin's current rise in price to continue at least soon to reach at least above $40k this year.

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May 02, 2023, 08:14:27 AM
 #143

When the bitcoin price is back above $30k, of course we all feel very happy because the last few months the bitcoin price has climbed above $30k. Therefore I expect bitcoin's current rise in price to continue at least soon to reach at least above $40k this year.
maybe it will go down first before it will increase to reach $ 40K, because with a long enough time, the price will probably be able to go down again before actually preparing for the moment to increase closer to the time the halving will occur. The halving is just waiting for the month and there will always be surprises beforehand.

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May 02, 2023, 09:36:09 AM
 #144

Many analysts believe that when the price of $ 30k can be reached it will be easier to reach the next high, of course this is natural because it will make investors more optimistic, but if you look at the price movement which has continued to decline and is now only around $ 27k or down more than 10% in a month then we have to wait patiently.

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May 07, 2023, 11:24:34 PM
 #145

Many analysts believe that when the price of $ 30k can be reached it will be easier to reach the next high, of course this is natural because it will make investors more optimistic, but if you look at the price movement which has continued to decline and is now only around $ 27k or down more than 10% in a month then we have to wait patiently.
such occurence pulling back is very common, after all bitcoin hasn't just long recovered from its bearish season, heck even we all don't know whether it's already bullish or we actually still in bearish.
the most important thing is that other than bitcoin recovering its small valuation compared to its all time high the altcoins in general are flourishing, there are many meme coins which of course many consider rather irrelevant but still good that it still contributes to the overall trading volume of cryptocurrency and even better is that there are many fundraising for newer project platform that has been successful and raised tremendous amount.
I think if i'm gonna bet in the future trade i'd say long in bitcoin since the correction has already happened.

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May 07, 2023, 11:48:25 PM
 #146

BTC has no breakout or substantial alteration of prior volume and price action traded, we are repeating a range or cycle of prices between 50 day average below and some resistance about 30k.  Till it can break or alter that repetition I think caution is the name of the game, we dont yet know direction at least short term it has to determine between the two which is the best direction that serves the most people who actually want to hold more then a day.  We can easily get to 40k imo but sellers must be exhausted first and ideally more buyers who are optimistic towards that target or similar also.

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May 07, 2023, 11:50:28 PM
 #147

BTC has no breakout or substantial alteration of prior volume and price action traded, we are repeating a range or cycle of prices between 50 day average below and some resistance about 30k.  Till it can break or alter that repetition I think caution is the name of the game, we dont yet know direction at least short term it has to determine between the two which is the best direction that serves the most people who actually want to hold more then a day.  We can easily get to 40k imo but sellers must be exhausted first and ideally more buyers who are optimistic towards that target or similar also.

for short-term gains, of course, everyone should always be on the look out. but for long-term, you don't need to be agitated every time there is up and down movement in the market. that's the volatility factor of this currency and that's what makes it attractive to many newcomers.
sure, we can reach to 40k or higher, but you need to ask yourself -before such movement happens, what were you doing to take advantage of such trend?
anyone can wait for what's to come, but the difference lies on what you are doing before a situation comes to light.

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May 09, 2023, 10:24:11 AM
 #148

I think this year the price can set a new ATH record, when there was the FTX case at the end of 2022 which made the price crash even more, now investors are slowly getting more optimistic about looking at future prospects, I'm sure $30k will happen again this week even though the current price is falling again.
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May 09, 2023, 11:12:47 AM
 #149

I think this year the price can set a new ATH record, when there was the FTX case at the end of 2022 which made the price crash even more, now investors are slowly getting more optimistic about looking at future prospects, I'm sure $30k will happen again this week even though the current price is falling again.

I don't that we can set a new ATH this year, we are still very far from reaching it. If we look at bitcoin's previous history, we have this catalyst know as the bitcoin halving. So it will happen next year, so obviously, majority are speculating that it might be 2024-2025 bull run and then we will set new ATH then.

As for the $30k, we just had another correction, perhaps it was due to the network clogging that investors are staying away from bitcoin for now. This has been a big issues and discussions in the market lately, brc-20 spamming the network causing fees to spike and no one wanted that to see.

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May 09, 2023, 12:05:01 PM
 #150

Many analysts believe that when the price of $ 30k can be reached it will be easier to reach the next high, of course this is natural because it will make investors more optimistic, but if you look at the price movement which has continued to decline and is now only around $ 27k or down more than 10% in a month then we have to wait patiently.
Transaction fees are extremely high due to the network congestion currently created on Bitcoin. As these fees are high, many believe that the price of Bitcoin will also increase. Miners will be encouraged especially if the fees are high. As a result, the price of Bitcoin will naturally will be increased. We witnessed a situation in 2021 when Bitcoin surged. Currently, the price of Bitcoin is slightly down, but once network congestion returns to normal levels, Bitcoin will start to become bullish again. Bitcoin is currently in a position where the potential for bull market is high.

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May 09, 2023, 03:28:55 PM
 #151

I think this year the price can set a new ATH record, when there was the FTX case at the end of 2022 which made the price crash even more, now investors are slowly getting more optimistic about looking at future prospects, I'm sure $30k will happen again this week even though the current price is falling again.

I don't that we can set a new ATH this year, we are still very far from reaching it. If we look at bitcoin's previous history, we have this catalyst know as the bitcoin halving. So it will happen next year, so obviously, majority are speculating that it might be 2024-2025 bull run and then we will set new ATH then.

As for the $30k, we just had another correction, perhaps it was due to the network clogging that investors are staying away from bitcoin for now. This has been a big issues and discussions in the market lately, brc-20 spamming the network causing fees to spike and no one wanted that to see.

With 360 days to go until the halving, the bitcoin network is suddenly congested and causing anxiety in the market, and the world economic situation is still full of uncertainty due to the collapse of the banks. As we can see, no positive factor or catalyst can help bitcoin hit ATH this year.
Optimism is good, but we are risking our money, so we need to be realistic to have a more sensible plan. Even if bitcoin crosses $30k or $35k as many expect, there is no guarantee there will be a bull season this year.

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May 09, 2023, 10:23:35 PM
 #152

Many analysts believe that when the price of $ 30k can be reached it will be easier to reach the next high, of course this is natural because it will make investors more optimistic, but if you look at the price movement which has continued to decline and is now only around $ 27k or down more than 10% in a month then we have to wait patiently.
Transaction fees are extremely high due to the network congestion currently created on Bitcoin. As these fees are high, many believe that the price of Bitcoin will also increase. Miners will be encouraged especially if the fees are high. As a result, the price of Bitcoin will naturally will be increased. We witnessed a situation in 2021 when Bitcoin surged. Currently, the price of Bitcoin is slightly down, but once network congestion returns to normal levels, Bitcoin will start to become bullish again. Bitcoin is currently in a position where the potential for bull market is high.

Yes, there is no doubt that it has increased more now in terms of fees indeed. And we also know that it will be really bullish again but we just don't know what day, time because of its volatility.

        Isn't it possible with what is happening now with bitcoin fees that are so expensive that there will be a short fork in Bitcoin?
what do you think? because what is happening now regarding this matter is not really good.



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May 09, 2023, 11:08:19 PM
 #153

I think this year the price can set a new ATH record, when there was the FTX case at the end of 2022 which made the price crash even more, now investors are slowly getting more optimistic about looking at future prospects, I'm sure $30k will happen again this week even though the current price is falling again.

I don't that we can set a new ATH this year, we are still very far from reaching it. If we look at bitcoin's previous history, we have this catalyst know as the bitcoin halving. So it will happen next year, so obviously, majority are speculating that it might be 2024-2025 bull run and then we will set new ATH then.

As for the $30k, we just had another correction, perhaps it was due to the network clogging that investors are staying away from bitcoin for now. This has been a big issues and discussions in the market lately, brc-20 spamming the network causing fees to spike and no one wanted that to see.

With 360 days to go until the halving, the bitcoin network is suddenly congested and causing anxiety in the market, and the world economic situation is still full of uncertainty due to the collapse of the banks. As we can see, no positive factor or catalyst can help bitcoin hit ATH this year.
Optimism is good, but we are risking our money, so we need to be realistic to have a more sensible plan. Even if bitcoin crosses $30k or $35k as many expect, there is no guarantee there will be a bull season this year.
Bull season would usually kicks in after halving period and we know that we are still that 1 year and it cant really be happening on this year if we do speak about bull run. When it comes to price, doesnt matter if we do

speak about 30k or 20k or even 10k. I wont really be that too impulsive when it comes to this because whenever or whatever price i do might able to look into this market then there's always a corresponding
approach and plans into that on which it would really be just that normal that whenever it do make out some crashes or declines then thats the best time to accumulate more. My portfolio is divided
into different categories or types on which one is really that for the sole purpose of long term aspect on which i do accumulate more and the other one is really that intended
or for the sole purpose of short term purposes or simply the amount which i do trade.

Emotions could bring out such impact and it would be entirely be depending on how you would be approaching into it and act accordingly.It does depend because each investor
does have their own impressions and plans have in mind.

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May 10, 2023, 12:53:58 AM
 #154

I feel a different feeling. after the bitcoin price rose significantly and touched the price range of $ 30k I felt happy, but that happy feeling slowly turned into anxiety after $ 30k became a resistance point that was very difficult to pass. I am confused between continuing to hold or selling first and then buying again after the price is corrected because there is a possibility that the bitcoin price will be corrected to the $25k area if it fails to penetrate $30k.

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May 10, 2023, 02:09:17 AM
 #155

Unfortunately, since March until now there has been no good movement, when March and reaching $ 30k certainly makes us optimistic that the market will soon recover, unfortunately there is a correction and now the price is only $ 27k, and in my opinion this is still in a reasonable price range and Market immediately rising again.
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May 13, 2023, 06:04:59 AM
 #156

It's been almost 2 months the price was below $30k, when the March price reached around $30k then many panicked and bought because the hope would continue to rise, I also bought around $450 at a price of $30,200, but unfortunately after the big increase that occurred in March the trend the decline has continued until now, even this week the price has dropped by more than 9%.
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May 23, 2023, 04:56:04 PM
 #157

Unfortunately, since March until now there has been no good movement, when March and reaching $ 30k certainly makes us optimistic that the market will soon recover, unfortunately there is a correction and now the price is only $ 27k, and in my opinion this is still in a reasonable price range and Market immediately rising again.

I wasn't optimistic because bitcoin was pumping too fast and the signs of a correction was showing, Bitcoin took a very long time after the previous pump to cross $30,000 and it couldn't pump higher after trading over $30,000 for some days and that's when I knew we might experience a correction.

We might experience further correction if things doesn't happen to change the movement of the market, may is about to end and it feels like we'll not trade above $30,000 again in this month and maybe june will be profitable for Bitcoin investors that are investing now.

All what's happening to the price of Bitcoin are short term issues, looking at the big price targets, current prices are great opportunities for us to buy Bitcoin and hold because in the next one year, the price of Bitcoin would be trading high.

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May 23, 2023, 11:42:35 PM
 #158

This kind of feeling of feeling bad and good when the price of bitcoin increases and decreases in price happens to newbies especially.

This brings back memories of my inexperience and lack of knowledge regarding the volatility of bitcoin prices. Depending on the current price of bitcoin, I do respond to even the smallest developments in the crypto market either positively or negatively.

As that goes on and I continue to be actively involved with bitcoin, I start to realize that the bitcoin price is unstable and that nobody has any control over how much it varies up and down. Feeling happy or unhappy when there is price fluctuation is absurd.

That's how I put an end to it by utilizing the fluctuation in the price of bitcoin as a chance to either accumulate more or use a dca approach.

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May 28, 2023, 05:53:07 PM
Last edit: May 28, 2023, 07:20:33 PM by STT
 #159

Over many weekly bars of the last 3 years in a larger view we can there is good reason for 30k to be respected in volume and resistance.    Most recently we have also found the 200 weekly average on the lows but as a moving indicator its not support or resistance by itself just showing some momentum longer term.  We traded below that measure and have recovered some but those I think are fair boundaries to call out at the moment; range bound.

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Falconer
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May 28, 2023, 06:33:23 PM
 #160

In the last few hours, bitcoin seems to be starting to test the $28k resistance. I started to hope that the resistance would not be too difficult to break at the end of May, but it seems that retail traders are too panicked by the current market situation and they tend to sell. I can expect $28k to be broken in the next few hours and the market to close above $28k. If this does happen, then market recovery after the correction throughout May can be expected.

To test the $30k resistance I think we just have to hope a lot of new investors come in and buy more while hoping for the trader panic to subside. I think it's best to hope for $30k to be broken again before the end of May or early June.

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