BTC Sentiment Poll for June

[pooya87]

We need something big news like China unban and accept Bitcoin or Biden become friendly to Bitcoin, this should able to pump the price.

The biggest news that we need is FED decreasing the interest rate so that the recession stops getting deeper than what it already is. That way we can see the money coming back to the market helping the price go up to more realistic values representing bitcoin's true value.

[Webetcoins]

This drop could very well be a drawback, think of it like shooting an arrow, the further you pull back, the further the arrow will go when you let it go. I am not saying that it is exactly that, because I could be wrong and this could be just a regular drop, those do happen as well. However, if you ask me it does feel like a drawback and I think it is going to be fine in the end, we should not really consider that as a big deal.

I believe that if we keep doing what we are doing, then we are going to be fine without a trouble. Just keep on investing, trust the process, and do whatever you can do to make it work, that way you are not going to really have any issues, you are going to be doing something that is very fine for you.

[Wind_FURY]

We need something big news like China unban and accept Bitcoin or Biden become friendly to Bitcoin, this should able to pump the price.

The biggest news that we need is FED decreasing the interest rate so that the recession stops getting deeper than what it already is. That way we can see the money coming back to the market helping the price go up to more realistic values representing bitcoin's true value.

They can't do that without the risk of re-inflation, which would require more aggressive rate hikes to keep inflation under control. What will probably happen is a recession, which is actually needed - actually - to truly curb inflation. Plus if Jerome Powell and the Cabal in the Federal Reserve read the data, and it shows that something is about to break within the system, then they will panic, cut rates, and turn on the money printer. But it will probably be too late.

[Glen Hoddle]

I don't vote in my own polls...  Yeah no bs.  But if I were to vote, I think I'd vote yes.  I mean look at the monthly chart below.  It was down for April but then it's up for May and it almost made up for the red candle for April.

And not just that, BTC is prolly due for a pump.  All sideways action with no signs that it's going bear mode means it's gonna trend up.  At least that's want I think.  Lol.

at the moment of writing already 20th of June.... suggesting under 75k for June though its still possible to go over 75k .... we have seen more crazy things...

It is normal for a bearish market to organize before a rise in the price of Bitcoin.
Because the Bitcoin market is dipping and investors are busy buying.

[CageMabok]

It is normal for a bearish market to organize before a rise in the price of Bitcoin.
Because the Bitcoin market is dipping and investors are busy buying.

Investors' busyness in buying Bitcoin in current market conditions is very appropriate because it can also increase Bitcoin's resistance to not falling more deeply in this bearish condition. Because they also think that things like now are very normal and there is no need to worry about buying because changing conditions from bearish to bullish has also been proven in the past in Bitcoin so the option to buy now is a very good option for all groups investors who are trying to get more profits.

[mirakal]

It is normal for a bearish market to organize before a rise in the price of Bitcoin.
Because the Bitcoin market is dipping and investors are busy buying.

Investors' busyness in buying Bitcoin in current market conditions is very appropriate because it can also increase Bitcoin's resistance to not falling more deeply in this bearish condition. Because they also think that things like now are very normal and there is no need to worry about buying because changing conditions from bearish to bullish has also been proven in the past in Bitcoin so the option to buy now is a very good option for all groups investors who are trying to get more profits.

The market is charging up due to high demand but as we can see on the price chart, the resistance is not strong enough to push the market high which would bring the price of bitcoin above $70k, it was still below the expected price. I couldn't say the bull season is over but can't also assume that we are going back to bearish again. Now, the direction of the market is uncertain, we never know exactly where it will be going up or down, it is still playing high and low. But yeah, this situation is normal in a volatile market and this is still the thing we see next month. If we are impatient, we certainly get tired of waiting and easily get burned out.

[cryptomaniac_xxx]

It is normal for a bearish market to organize before a rise in the price of Bitcoin.
Because the Bitcoin market is dipping and investors are busy buying.

Investors' busyness in buying Bitcoin in current market conditions is very appropriate because it can also increase Bitcoin's resistance to not falling more deeply in this bearish condition. Because they also think that things like now are very normal and there is no need to worry about buying because changing conditions from bearish to bullish has also been proven in the past in Bitcoin so the option to buy now is a very good option for all groups investors who are trying to get more profits.

They will continue to buy as long as the price is attractive, just like what the current market conditions is giving us: $60k'ish for this month. Maybe what you meant is that the Bitcoin support line is holding as it didn't go down as hard as what others wanted to be. And we just need positive news though for next month to at least see some good action and maybe we will break through it and get into $70k.

But it will really depends on the news that we will get, and perhaps the FOMO that we have about Bitcoin spot ETF is already price-in.

I like what at @pooya87 said, perhaps a positive news about cpi and fed rate, it could be one factor that will push the price and bounce back to $70k at least.

[pooya87]

then they will panic, cut rates, and turn on the money printer.

Shouldn't they turn the printer off after they cut rates?

After all one of the reasons why they are printing so much money is the high rates that forces the government to pay a trillion dollar as interest on the bonds they have dumped on the world. That is one of the reasons why they are now printing $69 million each time we find a new block

So if they cut rates they would also not have to print so much money which means lower inflation.

[tokeweed]

Fcking hilarious what's going on right now.  Just when a lot of folks were starting to think that BTC was gonna start trending up, it start going a bit sideways and choppy.  You're damned if you go long and damned if you go short.  Lolol.  Lots of folks are losing money in this kind of PA.  

But yeah...  I already have an idea what the next poll will be.  I think the sentiment already went 180 by now.  

[el kaka22]

The month is ending, poll voters (including myself) once again failed, and that wasn't really a shocker, we have seen the price trying to break over the all time high price a few times before this month, even this month too, but then it failed.

I think it is not really that much of a big deal that we failed again, and dropped because if it is not done in June then it will happen in July, and if it fails at July then it will be done at August, it is not really that much of an important situation at all, we are going to end up with something normal in the end. I believe that we should consider the situation to be very careful, and act as if nothing is happening. I believe that we are going to end up with a great result one way or another, just need to be safe.

[ShowOff]

then they will panic, cut rates, and turn on the money printer.

Shouldn't they turn the printer off after they cut rates?

After all one of the reasons why they are printing so much money is the high rates that forces the government to pay a trillion dollar as interest on the bonds they have dumped on the world. That is one of the reasons why they are now printing $69 million each time we find a new block

So if they cut rates they would also not have to print so much money which means lower inflation.

I agree with you, but on the other hand the government is also trying to reduce the inflation percentage. Lowering interest rates will certainly increase the flow of money into the market and make the price of bitcoin rise, but the problem is that they are worrying about too many other things so that what we have hoped for so far has not actually happened.I'm sure the government will eventually consider lowering interest rates, but I'm not so sure it will be decided any time soon.

[$weetne$$]

The market is charging up due to high demand but as we can see on the price chart, the resistance is not strong enough to push the market high which would bring the price of bitcoin above $70k, it was still below the expected price. I couldn't say the bull season is over but can't also assume that we are going back to bearish again. Now, the direction of the market is uncertain, we never know exactly where it will be going up or down, it is still playing high and low. But yeah, this situation is normal in a volatile market and this is still the thing we see next month. If we are impatient, we certainly get tired of waiting and easily get burned out.

I do not see anything wrong with the way the market is moving because it is normal for an unstable market to be unstable. We are still very high in value despite the pullbacks the market has received in the past weeks. Bitcoin is still trading above $60,000 and that is a 100% increase from the lowest value Bitcoin was trading at around this time last year. Bitcoin price not passing $75,000 in June should not make our hopes to be lost because Bitcoin can just do that next month as everything turns bullish. What is more important is that the trend for the market this year is going to be bullish. By the end of the year when we look at the price of Bitcoin then all this pullbacks would not matter anymore because the price should be above $75,000.

[uneng]

There are two scenarios to consider for July: or the news of Mt. Gox redistribution, US and Germany holdings have already impacted the market negatively, so no further damage will be done in July, or such events are still going to have a negative impact over Bitcoin price in July. The first scenario is the best for Bitcoin, because it gives us room for a positive trend as soon as possible.

Without any impacts from those events on the radar, Bitcoin can flourish once again and return to the 70,000$ zone next month. On the other hand, if the market remains bearish for fear and uncertainity, the same we saw in June can repeat in July, delaying the bull trend only for the Q4 of 2024.

[pooya87]

I agree with you, but on the other hand the government is also trying to reduce the inflation percentage. Lowering interest rates will certainly increase the flow of money into the market and make the price of bitcoin rise, but the problem is that they are worrying about too many other things so that what we have hoped for so far has not actually happened.I'm sure the government will eventually consider lowering interest rates, but I'm not so sure it will be decided any time soon.

Yeah, the situation is getting more complicated every day. At this point it is impossible to predict what will happen, on top of it the US budget deficit is growing as the expenses grow and they need to print more money for that as well which causes more inflation which they try to curb by increasing interest rates!

The other unpredictable and risky thing is countries like China dumping more of their bonds and countries like Japan not being able to pick up that load anymore...

[btc_angela]

There are two scenarios to consider for July: or the news of Mt. Gox redistribution, US and Germany holdings have already impacted the market negatively, so no further damage will be done in July, or such events are still going to have a negative impact over Bitcoin price in July. The first scenario is the best for Bitcoin, because it gives us room for a positive trend as soon as possible.

Without any impacts from those events on the radar, Bitcoin can flourish once again and return to the 70,000$ zone next month. On the other hand, if the market remains bearish for fear and uncertainity, the same we saw in June can repeat in July, delaying the bull trend only for the Q4 of 2024.

The Mt. Gox might be the biggest news though, it's scary to think that we might be seeing a dump in July if those victims are going to get their Bitcoin and sell it right away. On the contrary, it might not be as huge as we though, as we have seen this kind of volumes already and there's not much dent on the price.

Let's just look positively though, who knows, when we think that the market will go on this direction, suddenly for strange reasons, it will go on the opposite and it did happen a lot. Barely end of the month though and as expected just like the previous post halving year, June doesn't look good.

[tokeweed]

There are two scenarios to consider for July: or the news of Mt. Gox redistribution, US and Germany holdings have already impacted the market negatively, so no further damage will be done in July, or such events are still going to have a negative impact over Bitcoin price in July. The first scenario is the best for Bitcoin, because it gives us room for a positive trend as soon as possible.

Without any impacts from those events on the radar, Bitcoin can flourish once again and return to the 70,000$ zone next month. On the other hand, if the market remains bearish for fear and uncertainity, the same we saw in June can repeat in July, delaying the bull trend only for the Q4 of 2024.

Yup, it's not looking good bruv.  Lol.  But still excited to see what's in store for July.  If it all goes down then so be it.  I guess we'd just have to work at it again.  But I'm really starting to hate the process.  Been in crypto for so long and going degen on these markets sometimes takes a toll.  I should've just held everything I had and logged off the internet.  Lolol.

But it is what it is.

[Marvell1]

There are two scenarios to consider for July: or the news of Mt. Gox redistribution, US and Germany holdings have already impacted the market negatively, so no further damage will be done in July, or such events are still going to have a negative impact over Bitcoin price in July. The first scenario is the best for Bitcoin, because it gives us room for a positive trend as soon as possible.

Without any impacts from those events on the radar, Bitcoin can flourish once again and return to the 70,000$ zone next month. On the other hand, if the market remains bearish for fear and uncertainity, the same we saw in June can repeat in July, delaying the bull trend only for the Q4 of 2024.

The Mt. Gox might be the biggest news though, it's scary to think that we might be seeing a dump in July if those victims are going to get their Bitcoin and sell it right away. On the contrary, it might not be as huge as we though, as we have seen this kind of volumes already and there's not much dent on the price.

Let's just look positively though, who knows, when we think that the market will go on this direction, suddenly for strange reasons, it will go on the opposite and it did happen a lot. Barely end of the month though and as expected just like the previous post halving year, June doesn't look good.

As far as I know, victims of Mt.Gox have two options for compensation. Option 1 is that they will receive 20% and the remaining 80% will be received later, option 2 is to receive 100% but the waiting time will be much longer and there is still no specific time. Even if everyone chooses option 1 and gets a 20% compensation, I don't think that will cause the massive dumping we worry about. It seems like everyone is worried and panicked every time news about Mt.gox is released but few people take the time to learn about it thoroughly. It seems like someone intentionally spread and exaggerated the news to make us dump our bitcoins to them, but it's not as scary as we think.

[philipma1957]

Lets lock this thread up 🆙

I will do one for July.

[tygeade]

Investors' busyness in buying Bitcoin in current market conditions is very appropriate because it can also increase Bitcoin's resistance to not falling more deeply in this bearish condition. Because they also think that things like now are very normal and there is no need to worry about buying because changing conditions from bearish to bullish has also been proven in the past in Bitcoin so the option to buy now is a very good option for all groups investors who are trying to get more profits.

They will continue to buy as long as the price is attractive, just like what the current market conditions is giving us: $60k'ish for this month. Maybe what you meant is that the Bitcoin support line is holding as it didn't go down as hard as what others wanted to be. And we just need positive news though for next month to at least see some good action and maybe we will break through it and get into $70k.

But it will really depends on the news that we will get, and perhaps the FOMO that we have about Bitcoin spot ETF is already price-in.

I like what at @pooya87 said, perhaps a positive news about cpi and fed rate, it could be one factor that will push the price and bounce back to $70k at least.

Whales are specially buying right now, we have seen a lot of big wallet moves because they know what they are doing and they are aware that if they keep this up then they are going to end up with a better result eventually. This isn't that hard to see, but they do not buy directly from the market, do not imagine a guy with 15 million dollars to buy bitcoin at binance like rest of us, don't get me wrong there are some who do, but there are plenty of people, who may do even 100+ million moves, and most of these rich folks do over the counter purchases or sales.

This is mainly between exchanges and whales too, because exchanges make trading fee, meaning they get coins in return, and they need to sell that somehow, and they do that with these trades between whales.

[pawel7777]

Lets lock this thread up 🆙

I will do one for July.

And so he did:
https://bitcointalk.org/index.php?topic=5501457