Bitcoin is going down.

[AnonBitCoiner]

lol. Bitcoin has been going up because the bear market ended a month ago. That is the only reason it needs to go up.

You don't need to freak yourself out just because it is range trading. This is normal buddy.

Whenever the price boosted or come back low then we cannot come to the conclusion that its a Bull or bear run because now the bitcoin is again reduces so it don't not describe about the declining of bitcoin but its just for some moment some days or even some weeks but soon it goes up.

We don't know about the ending of bear market as the price can regularly altered in positive or negative direction. Movement of price is surely normal but avoiding of your emotional behavior during such situations are very essential part of trading to be a successful investor.

[1714671289]

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[Baofeng]

lol. Bitcoin has been going up because the bear market ended a month ago. That is the only reason it needs to go up.

You don't need to freak yourself out just because it is range trading. This is normal buddy.

Whenever the price boosted or come back low then we cannot come to the conclusion that its a Bull or bear run because now the bitcoin is again reduces so it don't not describe about the declining of bitcoin but its just for some moment some days or even some weeks but soon it goes up.

We don't know about the ending of bear market as the price can regularly altered in positive or negative direction. Movement of price is surely normal but avoiding of your emotional behavior during such situations are very essential part of trading to be a successful investor.

Technically though we are still in the bear market, so the price will tend to go down. What we have been seeing since the start of the year is that the price goes on a recovery phase, after we have seen the lowest low of $15,500 due to FTX collapse. But after that, investors goes on the market again. As we can see January alone we have like 40%+ bounce. But it doesn't mean that we are out of the bear market yet.

And in the last 24 hours, perhaps due to the network spam or congestion, a lot has been selling their Bitcoin or maybe converting it to stable coins because it's very expensive to do Bitcoin transaction now. But in any case, it doesn't mean that we will go down hard again. We still have a good support at $27k and if it fall down then $25k is the next big support.

[bakasabo]

Current situation with transaction fees and mempool might play good for Bitcoin (but not for everyone), as it might become a cryptocurrency for rich only, for those who can afford to spend a lot on fees. Thus Bitcoin might become more demanded than it is now, which should push the price up. Fewer people would allow to buy it, making Bitcoin more precious. The current price drop imo is cause by a small panic or better say misunderstanding among users.

do you mean the current high transaction fees are good for bitcoin? we always say that bitcoin is better than the banking system as a low-cost form of cross-border money transfer. but with the current situation, things are getting worse and causing serious congestion, not only the transaction fees are increasing, but the transfer time will also be up to several days. I don't think this is good for bitcoin's reputation.
if there is no regular buy and sell in the market, meaning demand for bitcoin falls, the price of bitcoin will plummet.

No, not trying to say that high fees are good, they create Bitcoin and transactions more valuable. Like silver and gold. Smelting gold needs more accuracy, experience. And you can throw a silver brick on a a pan and go take a coffee. Or like water in desert. It is expensive to get it (to transfer Bitcoin in our case). And if you are thirsty, you would pay any price to get a drink (Bitcoin).

People would avoid transferring Bitcoin, but those who can afford, will be able to pay (share) fees if they want to convert fiat to Bitcoin. Those who hold Bitcoin can start to dictate prices to those who wants to buy. There is always a demand for Bitcoin. But due to high fees, people would transfer less. Which might make people to buy Bitcoin for any price seller might set. I hope you get my idea.

[Texac]

do you mean the current high transaction fees are good for bitcoin? we always say that bitcoin is better than the banking system as a low-cost form of cross-border money transfer. but with the current situation, things are getting worse and causing serious congestion, not only the transaction fees are increasing, but the transfer time will also be up to several days. I don't think this is good for bitcoin's reputation.
if there is no regular buy and sell in the market, meaning demand for bitcoin falls, the price of bitcoin will plummet.

It Relatively lower when considering sending huge some amount of Bitcoin in that regards, And when compared with what would be charged if doing a million or billion dollars Cross boarder transaction on fiat and in terms of execution time/speed of the transaction, it still faster than the time it will take for someone to send fiat currency to another country, I do believe more technology will be available on the Bitcoin's network in the future, in order to reduce transaction cost just as using the Lightning network LN, is cheaper right now.

there have been some solutions to the bitcoin transaction fee problem like Lightning, but it's still not widespread and I don't know why people don't implement Lightning on all their platforms.  What you said is not wrong when comparing fees and transaction times with large amounts like billions of dollars, bitcoin dominates. but what about the small transactions in the past few days?  we must evaluate fairly, not ignoring the disadvantages but only emphasizing the advantages. Bitcoin is good but imperfect, and we should look at it to find a solution rather than ignore it.

[MiF]

If bitcoin fall it is a big opportunity to buy and if btc rise we have a big opportunity to sell for profit. So there's no need to worries everything is crypto is really surprising all you need to do is to go with the flow the market flow and be more patience for good because those who believe btc will go up but no patience still cant get profit because patience to hold is the most important.

[Negotiation]

Bitcoin which uses the concept of decentralization makes the price go up and down, and when the price goes down we have the opportunity to buy more, I'm sure that the price will continue to go up so when the price goes down the best thing is to be calm and keep buying.

The rise and fall of the Bitcoin price is not because of its decentralized concept, but it is still caused by the supply and demand that exists in the market and the buying and selling power of everyone. In general, the suggestions you convey are good, but I do not agree that the problem of price fluctuations is related to the concepts that exist in Bitcoin because in my opinion this is not logical enough to say.

It is true that the price of Bitcoin usually rises based on its demand the higher the demand, the higher the price. The decline in prices has fueled concerns among some investors that inflation and high borrowing costs could hamper economic growth around the world. But now more traditional investors are turning to digital asset. In addition to individual investors, institutional investors are also buying cryptocurrencies.

[$crypto$]

Technically though we are still in the bear market, so the price will tend to go down. What we have been seeing since the start of the year is that the price goes on a recovery phase, after we have seen the lowest low of $15,500 due to FTX collapse. But after that, investors goes on the market again. As we can see January alone we have like 40%+ bounce. But it doesn't mean that we are out of the bear market yet.

And in the last 24 hours, perhaps due to the network spam or congestion, a lot has been selling their Bitcoin or maybe converting it to stable coins because it's very expensive to do Bitcoin transaction now. But in any case, it doesn't mean that we will go down hard again. We still have a good support at $27k and if it fall down then $25k is the next big support.

Bear market but not completely crashing but I always think this is sideways for bitcoin movement now, but with the bounce from January until now then I think bitcoin can still survive at high prices and it doesn't go back to the bottom when the FTX collapse occurs.

I think the cause of congestion on the bitcoin network is due to ordinal, many people become fomo because of this trend but you need to be careful because this won't last long, what I understand about ordinal is that it is different from other tokens that are in smart contracts.

But I think there are still many people who stick with bitcoin even though the network is congested now.

[Mr.suevie]

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

Wow! If there is one thing I admire about this post? that would be tenacity and confidence in which you wrote these words, I mean how is now not the best time to buy or purchase bitcoin ? The market price is still low compared to the last ATH and we all can openly see that  the price is striving to peak up a bull pace and now is just the perfect time to buy bitcoin with all inflation going is even good for the slow uprise of bitcoin and people are shifting corners from their fiat investment and making possible investment in BTC all because of the hyper inflation that is eating up the economy.

[TravelMug]

Technically though we are still in the bear market, so the price will tend to go down. What we have been seeing since the start of the year is that the price goes on a recovery phase, after we have seen the lowest low of $15,500 due to FTX collapse. But after that, investors goes on the market again. As we can see January alone we have like 40%+ bounce. But it doesn't mean that we are out of the bear market yet.

And in the last 24 hours, perhaps due to the network spam or congestion, a lot has been selling their Bitcoin or maybe converting it to stable coins because it's very expensive to do Bitcoin transaction now. But in any case, it doesn't mean that we will go down hard again. We still have a good support at $27k and if it fall down then $25k is the next big support.

Bear market but not completely crashing but I always think this is sideways for bitcoin movement now, but with the bounce from January until now then I think bitcoin can still survive at high prices and it doesn't go back to the bottom when the FTX collapse occurs.

I think the cause of congestion on the bitcoin network is due to ordinal, many people become fomo because of this trend but you need to be careful because this won't last long, what I understand about ordinal is that it is different from other tokens that are in smart contracts.

But I think there are still many people who stick with bitcoin even though the network is congested now.

That's the best scenario that we can have right now, is that bitcoin will no longer see another lowest low, in short we have hit bottom already last year with black swan events specially FTX.

Doesn't matter though about those ordinals or brc-20, sooner or later it will have to die down. I don't think it's sustainable, it's growth? no. Just look at today's price of those supposedly NFT's almost everything is down and investors are losing money on this hype.

[Rasa nanas]

If bitcoin fall it is a big opportunity to buy and if btc rise we have a big opportunity to sell for profit. So there's no need to worries everything is crypto is really surprising all you need to do is to go with the flow the market flow and be more patience for good because those who believe btc will go up but no patience still cant get profit because patience to hold is the most important.

That's right, especially if long-term investing shouldn't have to worry about the small price dips that occur in bitcoin prices. it is impossible for the price of bitcoin to continue to rise and it is also impossible for the price of bitcoin to continue to fall, the price of bitcoin fluctuates meaning it can go up and down very quickly. all we have to do is take advantage of the moment well, as you said, namely sell when it goes up and buy when it goes down.

[Wong Gendheng]

If we have a long -term plan for Bitcoin investment, now is a good time to buy, many people assume that the price is immediately rising again so that by buying when the price is cheap then we get a big profit, so that when the price drops it becomes a good opportunity to buy more.

[STT]

BTC is always going to be making some kind of low, however it doesn't have to matter especially so long as the low now registering is still higher then the prior low seen in a good sequence.  BTC has stayed above 27k roughly and is still fitting into that definition of a positive trend which is higher lows so BTC remains positive and cannot yet be concluded as acting negatively despite some negative expectations etc.

[laurenB7742]

lol. Bitcoin has been going up because the bear market ended a month ago. That is the only reason it needs to go up.

You don't need to freak yourself out just because it is range trading. This is normal buddy.

Whenever the price boosted or come back low then we cannot come to the conclusion that its a Bull or bear run because now the bitcoin is again reduces so it don't not describe about the declining of bitcoin but its just for some moment some days or even some weeks but soon it goes up.

We don't know about the ending of bear market as the price can regularly altered in positive or negative direction. Movement of price is surely normal but avoiding of your emotional behavior during such situations are very essential part of trading to be a successful investor.

If based on history to judge, we are still not out of the bears, we are only halfway through the 4-year cycle, and it is still very early to end the bear season. Bitcoin has recovered more than 50% since the low, which is a welcome sign this year, but there is no guarantee that it will not go back below $20k or even $10k. Although the odds of that happening are very low, it's not impossible.

Whether the price goes up or down, I never feel panic, if the price goes down, I will buy more, if the price goes up, I will be profitable with the bitcoin I purchased last year. The important thing is the plan and the strategy when investing, the market up or down does not matter.

[Joshapat]

It's normal when bitcoin goes down, tomorrow or next week the price will come back again, the decentralized system does make the price completely dependent on the market, when the price goes down the best thing is to buy a lot so that we get big profits when the price goes up again.

[taufik123]

-snip-
Whether the price goes up or down, I never feel panic, if the price goes down, I will buy more, if the price goes up, I will be profitable with the bitcoin I purchased last year. The important thing is the plan and the strategy when investing, the market up or down does not matter.

Panic will only lead to unwanted losses. You don't feel panic when the Bitcoin price drops indicating that your psychology is ready for all the conditions that will occur in the Bitcoin market. The important thing is that you already have a strategy or plan when prices go down and up.
All must be taken into account and capital management will help in making Buybacks when the market crashes.

The decline in Bitcoin is still said to be positive and the decline needs to be done when the market is saturated.
Hopefully, the Bitcoin market trend will remain positive and be able to reach its highest price again.
Although currently the Bitcoin network is stuck and fees are too expensive.

[yohananaomi]

It's normal when bitcoin goes down, tomorrow or next week the price will come back again, the decentralized system does make the price completely dependent on the market, when the price goes down the best thing is to buy a lot so that we get big profits when the price goes up again.

downs and ups of bitcoin is indeed a normal thing that will happen in a situation where the market has not recovered, when at the beginning of the year it increased sharply, so now it is declining again which is only natural, because the situation has not yet led to improvements to continue to increase. In this situation, I totally agree with you, that is the right time to continue to buy and hold on for a time not long to come where the halving era situation will occur. every halving period, usually the price will start to improve and move on until a year later it forms a renewable ATH.

[ancafe]

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

Let's do the math, we are currently in Q2 and roughly speaking we are in a correction market given the current state of bitcoin and it should be a good move to collect some bitcoins before heading into Q3 and Q4. Is there another scenario that is better than that?

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

When have you seen the bitcoin price never goes down and that is how bitcoin travels in the market. Your advice has no basis on which to run, you say it's not the right time to buy bitcoins at the moment and you're trying to advise people to save their money in stablecoins/cash. Are you healthy? The best scenario is to buy bitcoin when the price drops and you choose to hold the stablecoin instead and you also say you will come back to the market when the economy recovers and the crypto market is up again.

It's useless to follow FED and you will lose concentration on investing and until whenever the scenario will never end. When you decide to invest, you don't need to think about many things, including FED news trying to play the interest rate issue, because bitcoin is not affected by one such issue on its way.

[Davian144]

It's normal when bitcoin goes down, tomorrow or next week the price will come back again, the decentralized system does make the price completely dependent on the market, when the price goes down the best thing is to buy a lot so that we get big profits when the price goes up again.

In general, no one knows whether tomorrow or next week the price of Bitcoin will rise again, because when the price of Bitcoin completely depends on market conditions, it means that the price of Bitcoin is always determined by the number of enthusiasts who want to buy it in large quantities. Because there are also Bitcoin enthusiasts who have not been able to buy more even though in declining conditions, Bitcoin market conditions will often change according to the attractiveness of people entering the market to buy Bitcoin.

[laurenB7742]

-snip-
Whether the price goes up or down, I never feel panic, if the price goes down, I will buy more, if the price goes up, I will be profitable with the bitcoin I purchased last year. The important thing is the plan and the strategy when investing, the market up or down does not matter.

Panic will only lead to unwanted losses. You don't feel panic when the Bitcoin price drops indicating that your psychology is ready for all the conditions that will occur in the Bitcoin market. The important thing is that you already have a strategy or plan when prices go down and up.
All must be taken into account and capital management will help in making Buybacks when the market crashes.

The decline in Bitcoin is still said to be positive and the decline needs to be done when the market is saturated.
Hopefully, the Bitcoin market trend will remain positive and be able to reach its highest price again.
Although currently the Bitcoin network is stuck and fees are too expensive.

Bitcoin network congestion is temporary, I really don't feel worried because the hype of BRC20 trend and other junk trends will soon disappear. Everything will be back to normal soon.

In the long term, I think people don't need to worry about bitcoin, bitcoin still shows us it's always growing for a long time, and people panic just because people are too concerned with the price in the short term.

Every time Bitcoin drops 5%-10%, there will be a series of questions about why bitcoin is down, people find reasons and blame everything…those are unnecessary questions. Instead, we just buy when the price drops and wait, because no market goes down forever, just think of it simply as the market's movement.

[bitterguy28]

Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

both of your posts are completely failure because bitcoin may have been dropping but not as bad as you wanted to call here.
maybe you are not truly a bitcoin believer?

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

everytime is the right time to buy ,

  - the only thing is that can you affort of holding if ever it takes time before gaining richer?

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

lol holding stable coin? that is the stupidest idea i ever heard being posted here in Bitcoin forum.
if this is your logic, then better to get out of here and find your way to banking system lol.