BTC Sentiment Poll for August

[Nrcewker]

Yes the past month wasn’t high enough as we expected. Still Bitcoins managed to keep the price above 28k usd in the past month. If you ask me then definitely Bitcoin didn’t do bad, but it didn’t do well also. Nevertheless we know next year it will be big for Bitcoins, so yes we have to accumulate the coins now in order to make good profits during the bull run. I don’t have any high expectations from August, but assuming that the price will at least cross 32k usd. September will definitely be big according to my assumptions.

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[fuguebtc]

~snip~
Hopefully, after the early bear market is passed by Bitcoin, October can be a bullrun month like in the October table which is always bullish since 2019.

It seems to me personally that we should not expect too much influence from the bulls until the end of this year, and possibly in the first months of next year, because it should be borne in mind that all those who invest in Bitcoin currently want to keep the price as low as possible. The accumulation phase is still ongoing, and the only factor that can disrupt this situation is the possibility that the spot BTC ETF will be approved in the US before the final deadline, which is sometime at the beginning of next year.

What you say is true, those who are long-term investors and believe in the potential of bitcoin, they all want bitcoin as cheap as possible because it will be easier to accumulate. But from what I see, not too many people are expecting that, most people just want bitcoin to recover and rally, even many are hoping for the bull season to come early this year. And the market likes to go against the crowd, the more bitcoin predictions and expectations increase, the more bitcoin will move in the opposite direction.

So my prediction is that there won't be any positive movement this month or year-end unless there is some big news.

[Lucius]

But from what I see, not too many people are expecting that, most people just want bitcoin to recover and rally, even many are hoping for the bull season to come early this year.
~snip~

Desires are one thing, but reality is something else - and what is happening now has already been seen many times, and I remember it well because I am practically reading the same things that I have read many times in the past. The difference, of course, is in the numbers, that is, in the price of Bitcoin. It's strange that anyone expects something like that to happen before the halving, as if the past doesn't suggest that the exact opposite should happen.

In addition, not only some investors in Bitcoin are nervous, but also those who are in altcoins and are waiting for something to happen, and everyone knows that there is only one locomotive that can pull all these wagons forward.

[Nwada001]

If I were to make this comment when this thread was created, I could have said a totally different thing, as the current market conditions have made me rethink my prediction.

The month of August has already started with a downward move, which we have already seen go below 29,000, which is in the range of $28,800–28,900. which to me is not really a good one; I still can't get the main reason for the market's fall, but either way, I still see hope for the market to recover, but we will definitely see 27,800 before that could happen, and it sitting below 28,000 is something I don't see happening. Before the end of August, it should be in the range of $29,000–$30,000.

[taufik123]

-snip-
In addition, not only some investors in Bitcoin are nervous, but also those who are in altcoins and are waiting for something to happen, and everyone knows that there is only one locomotive that can pull all these wagons forward.

And everyone will eventually get restless, but for those who expect prices to continue to fall to buy cheaper, just see how the market will work.

Being in the top altcoins like Ethereum certainly hopes that it will experience a joint rise like Bitcoin.
But there is no guarantee the Altcoin bullish season will happen before Bitcoin makes its move.

The locomotive seems to be on hold and is still full of empty cars, it must be filled for the journey to continue.
Bitcoin as the driver must warn them when it wants to continue the journey at a higher level.

[ajiz138]

And everyone will eventually get restless, but for those who expect prices to continue to fall to buy cheaper, just see how the market will work.

Are people anxious for the short term? Not annual investments.
Yes it's obvious from them seeing the price go down because they want to be able to buy more from the low price, I'm a bit analytical that the market will work its way down later this year.

Being in the top altcoins like Ethereum certainly hopes that it will experience a joint rise like Bitcoin.
But there is no guarantee the Altcoin bullish season will happen before Bitcoin makes its move.

It's possible that the rise of ETH and BTC will be the same, but we know that's not certain.
Yes, usually the altcoin season starts with bitcoin and then altcoins follow.

[taufik123]

Are people anxious for the short term? Not annual investments.
Yes it's obvious from them seeing the price go down because they want to be able to buy more from the low price, I'm a bit analytical that the market will work its way down later this year.

They will definitely be anxious if they do it for the short term because the fluctuations will move quickly and it will disturb them mentally.
But for long-term investment, it would be best to have no anxiety and already determine to take profit at the highest price increase.

and now buying a lot at a low price is still very much worth it.
We'll see by the end of the year, but August and September were full of negative trends.

It's possible that the rise of ETH and BTC will be the same, but we know that's not certain.
Yes, usually the altcoin season starts with bitcoin and then altcoins follow.

Whether or not the increase is the same depends on how dominant Bitcoin is.
Sometimes Bitcoin just rallies on its own without Altcoin.
it is based on Bitcoin's increasing dominance while Altcoin or ETH decreases.

But if bitcoin dominance is reduced and more likely to stabilize (although high) it can trigger an altcoin increase or recovery.
We will wait for Bitcoin season and Altcoin Season, it will be an exciting and profitable day.

[goaldigger]

Yes the past month wasn’t high enough as we expected. Still Bitcoins managed to keep the price above 28k usd in the past month. If you ask me then definitely Bitcoin didn’t do bad, but it didn’t do well also. Nevertheless we know next year it will be big for Bitcoins, so yes we have to accumulate the coins now in order to make good profits during the bull run. I don’t have any high expectations from August, but assuming that the price will at least cross 32k usd. September will definitely be big according to my assumptions.

Usually August is just a normal Month with no major movement as this is considered as ghost Month so we can’t see big investors coming in to this market until August is here. I expect nothing big for this Month, let’s just hope that the price will stay above the support level so we can have a huge chance for a pump next Month, September might be a better Month for the cryptomarket, let’s wait for more updates in the market.

[fzkto]

Yes the past month wasn’t high enough as we expected. Still Bitcoins managed to keep the price above 28k usd in the past month. If you ask me then definitely Bitcoin didn’t do bad, but it didn’t do well also. Nevertheless we know next year it will be big for Bitcoins, so yes we have to accumulate the coins now in order to make good profits during the bull run. I don’t have any high expectations from August, but assuming that the price will at least cross 32k usd. September will definitely be big according to my assumptions.

You can't be 100% sure bitcoin will do well next year. Yes, halving has always had a positive effect on the price, but we know this because it happened in the past. I think this could be an easy trap to manipulate. After all, anyone can buy bitcoin now and sell it for more in a year. Maybe one day it won't work. This summer has been neither bad nor good for bitcoin. Hopefully August will not disappoint us.

[GeorgeJohn]

I have no vote on this because nobody can predict accurately the movement of bitcoin and besides the price of bitcoin is determine by the rate of the demands and supply, so it's obvious that when bitcoin possess more of demands the price skyrocket above some of our predictions and expectations, bitcoin doesn't have a constant price in which we can say it we shall say to experience a heavy bearish or bullish, so I believe that the price of bitcoin can go downward in this August or go upwards, so it's depends on the ability of investors to invest more or buy more of bitcoin.

[Pejoh Asu]

Today the price is red again and the hope that this week can reach $ 30k doesn't seem to happen, of course this makes us have to be patient waiting and hoping that the bear market will end soon, I'm still optimistic that in August the price can reach at least $ 33k.

[onecall123]

Today the price is red again and the hope that this week can reach $ 30k doesn't seem to happen, of course this makes us have to be patient waiting and hoping that the bear market will end soon, I'm still optimistic that in August the price can reach at least $ 33k.

If it manages to stay steady, we might witness a rebound to around 33-34k. There's no need to be concerned. Bitcoin is generally a safer investment compared to most other cryptocurrencies, but it requires some patience. It doesn't matter if we're still in a bull market or if a bear market is beginning. BTC should follow a positive trend eventually. Just stay patient and keep an optimistic outlook.

[Wind_FURY]

Today the price is red again and the hope that this week can reach $ 30k doesn't seem to happen, of course this makes us have to be patient waiting and hoping that the bear market will end soon, I'm still optimistic that in August the price can reach at least $ 33k.

People should patient and opportunistic during a bear market.

There's always a Silver Lining somewhere. Instead of being stressed that there's some probability for Bitcoin to crash below $28,000, try to find good price points and plan your next bids if you have some disposable income. If you don't, try finding a job/a second job to earn extra income and keep them as savings in Bitcoin.

[Negotiation]

It is very difficult to determine what the price of bitcoin will be this month because bitcoin is not fixed and its price always fluctuates. Bitcoin price fluctuations are influenced by news speculation etc for example, when negative news is released, many investors rush to sell their bitcoins. It reduces the price. If positive news is published again, it is the opposite but the crypto market capitalization has increased slightly but the price of bitcoin the largest currency in the virtual asset market, is much lower but coming up this month can go to $30k after the halving, the price may increase if demand is strong and outstrips the reduced supply.

[michellee]

Today the price is red again and the hope that this week can reach $ 30k doesn't seem to happen, of course this makes us have to be patient waiting and hoping that the bear market will end soon, I'm still optimistic that in August the price can reach at least $ 33k.

After briefly returning to $29k a few hours ago, the price is volatile and still drops to $28k, then rises to $29k. I think the price will remain like this until maybe the end of the month, especially if no positive news supports Bitcoin.

But I still believe this is only temporary and eventually, the price of Bitcoin will increase greatly. So I think we are still preparing for what will happen this month so we can decide what is best for us. And hopefully, in the middle of this month, the price can return to $ 30k or even reach $ 33k again.

But if that doesn't happen this month, I hope we can still be patient because our selling target is still far from achieved. And actually, we are still allowed to buy more Bitcoin at this time.

[imamusma]

I have no vote on this because nobody can predict accurately the movement of bitcoin and besides the price of bitcoin is determine by the rate of the demands and supply, so it's obvious that when bitcoin possess more of demands the price skyrocket above some of our predictions and expectations, bitcoin doesn't have a constant price in which we can say it we shall say to experience a heavy bearish or bullish, so I believe that the price of bitcoin can go downward in this August or go upwards, so it's depends on the ability of investors to invest more or buy more of bitcoin.

In general your opinion is correct, but when you get to the speculation part it is at least important that you have a good argument to be considered. I also don't have a crystal ball to predict bitcoin price accurately, everyone is the same, but maybe I should believe that during the month of August bitcoin price will not drop below $28k.

Market conditions appear to be going sideways in August after in July the bitcoin price failed to break $32k. Of course we've had a $3k correction, but that's paltry compared to the July gain. Investors have been waiting for a downside move, but I think people will try to hold the price above $29k through August even if it drops to around $28.8k for a while.

[salad daging]

But I still believe this is only temporary and eventually, the price of Bitcoin will increase greatly. So I think we are still preparing for what will happen this month so we can decide what is best for us. And hopefully, in the middle of this month, the price can return to $ 30k or even reach $ 33k again.

This is sentiment in August so it is only temporary and speculative in August.
Rapid increase will definitely happen but when is the time never know maybe my scenario is that in 2025 the price of bitcoin can be rapid.
In August I am more inclined to decline even some say in some other speculators bitcoin can be below $20K again but we are not sure and bitcoin can still survive at $29K.

But if that doesn't happen this month, I hope we can still be patient because our selling target is still far from achieved. And actually, we are still allowed to buy more Bitcoin at this time.

Want to go down to $15K or even go up to $50K this month we don't care just a little reminder that all of us as bitcoin holders have to be a little patient again because Halving will not reach 1 year with that event, after that we have to be a little patient bitcoin rally back.

[michellee]

But I still believe this is only temporary and eventually, the price of Bitcoin will increase greatly. So I think we are still preparing for what will happen this month so we can decide what is best for us. And hopefully, in the middle of this month, the price can return to $ 30k or even reach $ 33k again.

This is sentiment in August so it is only temporary and speculative in August.
Rapid increase will definitely happen but when is the time never know maybe my scenario is that in 2025 the price of bitcoin can be rapid.
In August I am more inclined to decline even some say in some other speculators bitcoin can be below $20K again but we are not sure and bitcoin can still survive at $29K.

Yes, I also felt it this August because if we look at Bitcoin's journey over the past few months, it seems that the Bitcoin price is still unable to penetrate the $35k level and the highest is at $31k (if I'm not mistaken). So a bear market is still in the market, although there must be a moment for Bitcoin with every dip.

The movement of Bitcoin seems to have been arranged so that the price of Bitcoin does not move too high first so that investors can accumulate lots of Bitcoin. So don't be surprised if there is another drop below the current price and prepare for all the possibilities.

A lot of speculation still says that the price could fall even further, but we shouldn't believe it right away or even panic. We have to stay calm first to see if there is an opportunity to use it to our advantage or whether we still have to analyze it again.

But if that doesn't happen this month, I hope we can still be patient because our selling target is still far from achieved. And actually, we are still allowed to buy more Bitcoin at this time.

Want to go down to $15K or even go up to $50K this month we don't care just a little reminder that all of us as bitcoin holders have to be a little patient again because Halving will not reach 1 year with that event, after that we have to be a little patient bitcoin rally back.

What matters is that we can have more Bitcoin before the Bitcoin rally begins. That's all this short term and medium term goal so we should be able to set aside some money to continue buying Bitcoins. Bitcoin journey is still long so we must remain patient first.

[Rupok]

It seems to be expected to reach $30k this week and may have a range of $32k. I am hoping that the bear market will end soon, I am still optimistic that the price can reach at least $33k by the end of August. Although it is early August. So it is difficult to predict where the price of Bitcoin will go.The market is looking red now so investors can take advantage if they want, I think many investors are still trying to buy and hold Bitcoin.We should be patient on market dynamics.

[kotajikikox]

there is a strong stand that we will keep this up and will not go below 28k as it was proven recently.
though we are far from ending this month but at least, there is a good spike from 28k now back to 29 and still climbing.
I believe that we will not go bellow 28k at least not this month of August .