bitgolden
Legendary
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Activity: 2954
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
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August 22, 2024, 04:08:34 PM |
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This is a good period where everyone is finally realizing that its not going to be going down forever, and this has to be very important for newbies, it is making a good teaching of a lesson for them. Too many weak hands sell as soon as they see it go down, but the reality is that its not going to go down for that long, it will recover and you just have to realize that.
This recover was something expected and nothing shocking, we all knew that it would recover and that's what it did, if you are a veteran then you knew that it would be back up .We are not only going to be at 60k for now, but we will break over 70k and even break over ATH after that, when that will happen is unknown but I know that it will happen. This belief in bitcoin to always recover, and always eventually break over all time high, is the reason why I keep putting more and more of my money into bitcoin, I know that it will do well and that is why I try to make as much money as I possibly could.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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khiholangkang
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August 22, 2024, 06:16:09 PM |
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Everything is possible with bitcoin, it can exceeds the price of $70k but it can also move downward dramatically and reach a very low price. With its high volatility, both are very possible with bitcoin. However, what I see in the current market is a constant price decline at a small basis, which is not harmful at all. Probably this is not the right time yet to observe price surging with bitcoin, but eventually in the next months to follow, I have this feeling that bitcoin price will create some progress until we start seeing positive prices of bitcoin again. Patience is a must this time.
That price fluctuation is a natural thing in the bitcoin price movement, although indeed at that time the price reversal was quite high, and I have the same thoughts as you, for now we are in a sideway zone, which certainly the price movement will not fall significantly or rise exponentially, the price of bitcoin needs to consolidate and needs to form strong support at the price zone level, it is useful to jump higher for the price of bitcoin. For things to get much better then we need to look at the long term in bitcoin, price volatility is normal, even if it is tens of % in daily price increases or decreases.
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South Park
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August 22, 2024, 06:28:09 PM |
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This is a good period where everyone is finally realizing that its not going to be going down forever, and this has to be very important for newbies, it is making a good teaching of a lesson for them. Too many weak hands sell as soon as they see it go down, but the reality is that its not going to go down for that long, it will recover and you just have to realize that.
This recover was something expected and nothing shocking, we all knew that it would recover and that's what it did, if you are a veteran then you knew that it would be back up .We are not only going to be at 60k for now, but we will break over 70k and even break over ATH after that, when that will happen is unknown but I know that it will happen. This belief in bitcoin to always recover, and always eventually break over all time high, is the reason why I keep putting more and more of my money into bitcoin, I know that it will do well and that is why I try to make as much money as I possibly could.
Weak hands should really think about what they are trying to accomplish by investing in this market, after all the movement that had bitcoin reach a price close to 50k not too long ago is not exceptional at all, as we see movements like that all the time and we will keep seeing them on the future as well, so unless they can accept this is the reality of this market, then they will keep selling their coins when that happens and losing money will be inevitable for them.
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justdimin
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August 23, 2024, 12:19:00 PM |
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This is a good period where everyone is finally realizing that its not going to be going down forever, and this has to be very important for newbies, it is making a good teaching of a lesson for them. Too many weak hands sell as soon as they see it go down, but the reality is that its not going to go down for that long, it will recover and you just have to realize that.
This recover was something expected and nothing shocking, we all knew that it would recover and that's what it did, if you are a veteran then you knew that it would be back up .We are not only going to be at 60k for now, but we will break over 70k and even break over ATH after that, when that will happen is unknown but I know that it will happen. This belief in bitcoin to always recover, and always eventually break over all time high, is the reason why I keep putting more and more of my money into bitcoin, I know that it will do well and that is why I try to make as much money as I possibly could.
The realization of bull run coming is such a good period that I love it every time it happens. There are way too many people who do not see that unfortunately and because of that there are too many people who make mistakes. We need to make sure that people know that this isn't really the way it will go and the bull run is coming. Historically speaking, we have seen that whenever there is a halving, it takes about a year to peak and we will probably peak by spring of 2025, I have that feeling but I can't guarantee it so I do not suggest anyone to do anything. However, I do accumulate myself, because I know that it has happened before and I am feeling like it's going to happen again, we are going to probably end up with something much higher eventually. This is why accumulating right now is a great feeling, I do not have nearly as much as I want to have, but I have some and I am hoping to get even more in a few months, with the hopes that I can get before it starts to go up a lot.
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dunfida
Legendary
Offline
Activity: 3234
Merit: 1157
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August 23, 2024, 03:40:07 PM |
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This is a good period where everyone is finally realizing that its not going to be going down forever, and this has to be very important for newbies, it is making a good teaching of a lesson for them. Too many weak hands sell as soon as they see it go down, but the reality is that its not going to go down for that long, it will recover and you just have to realize that.
This recover was something expected and nothing shocking, we all knew that it would recover and that's what it did, if you are a veteran then you knew that it would be back up .We are not only going to be at 60k for now, but we will break over 70k and even break over ATH after that, when that will happen is unknown but I know that it will happen. This belief in bitcoin to always recover, and always eventually break over all time high, is the reason why I keep putting more and more of my money into bitcoin, I know that it will do well and that is why I try to make as much money as I possibly could.
The realization of bull run coming is such a good period that I love it every time it happens. There are way too many people who do not see that unfortunately and because of that there are too many people who make mistakes. We need to make sure that people know that this isn't really the way it will go and the bull run is coming. Historically speaking, we have seen that whenever there is a halving, it takes about a year to peak and we will probably peak by spring of 2025, I have that feeling but I can't guarantee it so I do not suggest anyone to do anything. However, I do accumulate myself, because I know that it has happened before and I am feeling like it's going to happen again, we are going to probably end up with something much higher eventually. This is why accumulating right now is a great feeling, I do not have nearly as much as I want to have, but I have some and I am hoping to get even more in a few months, with the hopes that I can get before it starts to go up a lot. For those people who are really that taking this first bull run experience whether on Q4 or on Q1 of 2025 then its something that will really be just that a normal approach or thinking that they are really that excited into this upcoming event on which everyone is really that anticipating. Somehow it would really be better that you shouldnt really be that making yourself that being too optimistic towards the market because we are really that still hovering ourselves towards the market on which anything could really happen in a snap. Price recovery and dumps will really be just that always that tie up together. Instead on making yourself that thinking up too much about the bull run thing, then why you cant really just that make yourself minding about getting some opportunity on getting on low price whenever the market corrects or having some dumping state? Always put up into your mind that market could really be that so volatile and there's no way that you could really be able to predict on where it would be going. This is why on the time or moment that you do find yourself having those cheap prices then it would be ideal that you should really be accumulating as much as you could or simply speaking about DCA. This is why its important on having those kind of mindset or thinking whenever you do see those opportunities.
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virasog
Legendary
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Activity: 3122
Merit: 1171
Leading Crypto Sports Betting & Casino Platform
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August 23, 2024, 04:09:46 PM |
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Weak hands should really think about what they are trying to accomplish by investing in this market, after all the movement that had bitcoin reach a price close to 50k not too long ago is not exceptional at all, as we see movements like that all the time and we will keep seeing them on the future as well,
Weak Hands ...Ahh it has been told many times that weak hands sell and the market dumps. This is not the case because the weak hand are mostly retail and dumping won't affect the market much. Actually, it is the whales who sell or buy and the market moves because of them. Yes, the retail also buys or sells based on how the markets move but we are taught that the weak hands sells Always put up into your mind that market could really be that so volatile and there's no way that you could really be able to predict on where it would be going. This is why on the time or moment that you do find yourself having those cheap prices then it would be ideal that you should really be accumulating as much as you could or simply speaking about DCA.
The market will move on its own, we should have a plan as when we will stop buying after a certain price and at which price we will do the DCA. Also we should have a selling strategy as to when we will sell in parts so that we gain maximum profits.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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YOSHIE
Legendary
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Activity: 2254
Merit: 1783
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August 24, 2024, 02:10:56 PM |
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What do you think of the current bitcoin price recovery?
Indeed, the price of Bitcoin is in a lunar phase and this week there has been a change to increase, but if I speculate, it's just an unofficial, illegal gaming phase, I'm very sure there are shrimps behind the rock. From the experience I've seen, price spikes of $5k to $10k per 1 Bitcoin often happen, it doesn't indicate that Bitcoin will reach a certain point, many investors play like that, first: they buy in large amounts, they don't want to stay long in the market, ahead of the price rise for Bitcoin, they let it all go, I speculate maybe we will see in the future the price of Bitcoin occupying the $50k level, the current situation seems to me a gimmick.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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erep
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August 25, 2024, 05:07:50 PM |
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Weak hands should really think about what they are trying to accomplish by investing in this market, after all the movement that had bitcoin reach a price close to 50k not too long ago is not exceptional at all, as we see movements like that all the time and we will keep seeing them on the future as well,
Weak Hands ...Ahh it has been told many times that weak hands sell and the market dumps. This is not the case because the weak hand are mostly retail and dumping won't affect the market much. Actually, it is the whales who sell or buy and the market moves because of them. Yes, the retail also buys or sells based on how the markets move but we are taught that the weak hands sells Whales can do anything to affect the market because they have high assets that can drop the price of bitcoin by several percent on the exchange, traders and weak hand investors will be easily affected by these conditions so they sell their assets to cut losses even though they know the market will recover soon but they are not ready to wait and are not ready to accept the risk of market correction. They need knowledge to understand the unstable crypto market conditions but actually the market will stabilize after passing the correction moment and the market will prepare to go to higher prices and we predict ATH will come soon at the end of the year, so anyone who has bitcoin assets should hold on to achieve the profit target you expect in the future.
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Odusko (OP)
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August 26, 2024, 02:55:54 PM |
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[ Whales can do anything to affect the market because they have high assets that can drop the price of bitcoin by several percent on the exchange, traders and weak hand investors will be easily affected by these conditions so they sell their assets to cut losses even though they know the market will recover soon but they are not ready to wait and are not ready to accept the risk of market correction.
They need knowledge to understand the unstable crypto market conditions but actually the market will stabilize after passing the correction moment and the market will prepare to go to higher prices and we predict ATH will come soon at the end of the year, so anyone who has bitcoin assets should hold on to achieve the profit target you expect in the future.
The whales control the market, and they can indeed effect the market in whichever direction the want and since their are sometimes most active trader's, the constantly keep pushing the price of bitcoin each time they want , when their want to fill up their bags, their make the price of bitcoin to dropped and then they buy more, this have been a known fact for a long time now, also aside from the whales we have other factors that can influence the price of Bitcoin in multiple times, like news and other social factors, this have made the market price prediction to be almost impossible in most cases, expecting all time high each point when the price touch the bottom may also be a bit out of connection this is because, Bitcoin market correction sometimes we can extimate the time Bitcoin market correction, and for that we marketing attempt to predict when and how the market will go is just an effort in futility and that is why we always say that Bitcoin market movement is unpredictable. The best we can do is to prepare ourselves, online with the situation, and that is where the knowledge Factor come into play, Bitcoin l, so at each point we have to keep ourselves equipped with the knowledge of the market, and reading chart to know both corrent and future events and what we expect from the market, those that have the knowledge can be moved with any market situation, and newbies should invest in knowledge aside from putting their money into Bitcoin.
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LogitechMouse
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August 26, 2024, 03:48:19 PM |
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--- The Question now is: Do you think that we will see a $70k BTC price or we likely going to see a decline in the price in the short term basis?
Just for context, Bitcoin didn't even reach the $65,000 price range again ever since it happened in the first weeks of August (2nd of August to be exact), and Bitcoin reached $50,000 once (even went below it for a short amount of time) during the 5th of August. With more or less 4 days remaining for the month, it's pretty obvious that Bitcoin reaching $70,000 will not happen. What I expect is that, it will reach that price during the 4th quarter of the year. Historically speaking, Bitcoin is performing well during the final 3 months of the year especially during the month of October so I guess we will see the same this time. Weak hands should really think about what they are trying to accomplish by investing in this market, after all the movement that had bitcoin reach a price close to 50k not too long ago is not exceptional at all, as we see movements like that all the time and we will keep seeing them on the future as well, so unless they can accept this is the reality of this market, then they will keep selling their coins when that happens and losing money will be inevitable for them.
Why are we blaming only the weak hands? I mean do we consider those who want to sell their Bitcoins "weak hands" as well? What if for example, I'm a long term holder of Bitcoin and I want to sell it at $50,000 but my buying price is around $10,000? Am I one of the "weak hands" investors then? I don't think that only these kind of investors are to blame when a huge selloff happens. Let's also include those who also want to take profit at that price as well for some reasons.
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Nothingtodo
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August 26, 2024, 10:57:12 PM |
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Bitcoin has corrected the price of dumping in various stages but the altcoins that dumped along with Bitcoin are not able to correct the price anymore. The amount of price dumping after investing my bitcoins has almost corrected the price of bitcoins giving me losses. However, Bitcoin will increase and decrease at different times but will never permanently dump from the market, but once the price of altcoin is dumped, its recovery becomes impossible.
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Natalim
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August 26, 2024, 11:58:50 PM |
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This is a good period where everyone is finally realizing that its not going to be going down forever, and this has to be very important for newbies, it is making a good teaching of a lesson for them. Too many weak hands sell as soon as they see it go down, but the reality is that its not going to go down for that long, it will recover and you just have to realize that.
This recover was something expected and nothing shocking, we all knew that it would recover and that's what it did, if you are a veteran then you knew that it would be back up .We are not only going to be at 60k for now, but we will break over 70k and even break over ATH after that, when that will happen is unknown but I know that it will happen. This belief in bitcoin to always recover, and always eventually break over all time high, is the reason why I keep putting more and more of my money into bitcoin, I know that it will do well and that is why I try to make as much money as I possibly could.
Bitcoin in general appreciates its price in time, but prior to that, those pumps and dumps or price correction are somewhat relevant before bitcoin will continuously increase its price. Note that bitcoin itself is highly volatile as well as its unpredictable market, so even if we anticipate for more bitcoin price increase that I think will definitely happen in time, but the fact that it’s volatile in nature only means that we should also learn to accept that bitcoin may suddenly drop its price all of a sudden and then recover afterwards.
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Strongkored
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August 27, 2024, 01:13:22 AM |
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The Question now is: What is you bitcoin market price expectations for this month of August most especially in the first half of the month of August? Do you think that we will see a $70k BTC price or we likely going to see a decline in the price in the short term basis?
In fact, I haven't really followed Bitcoin price movements since the end of July, only checked occasionally and it was quite surprising to see the price go below $55,000. Panic certainly created, but is that a good opportunity to buy? I think it depends entirely on their financial ability and knowledge about Bitcoin, believers and having a lot of money is an opportunity but there is also definitely the opposite. Now it's the end of August, $70,000 doesn't seem to have happened yet so my speculation is that it will only happen next month and the price will only be around like today in this month and next month maybe something better will happen to Bitcoin
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Lanatsa
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August 27, 2024, 09:55:19 PM |
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The Question now is: What is you bitcoin market price expectations for this month of August most especially in the first half of the month of August? Do you think that we will see a $70k BTC price or we likely going to see a decline in the price in the short term basis?
In fact, I haven't really followed Bitcoin price movements since the end of July, only checked occasionally and it was quite surprising to see the price go below $55,000. Panic certainly created, but is that a good opportunity to buy? I think it depends entirely on their financial ability and knowledge about Bitcoin, believers and having a lot of money is an opportunity but there is also definitely the opposite. Now it's the end of August, $70,000 doesn't seem to have happened yet so my speculation is that it will only happen next month and the price will only be around like today in this month and next month maybe something better will happen to Bitcoin If you are a long term holder then this would really be mostly happens on which you wont really be that not that updated all the time on which on the time or moment that you do find yourself having those kind of investment plans but actually you are really that missing out those golden opportunities to buy more when the market had made out some dip or correction. Yes, the price had gone below 50k on that last drop but it didnt go below that much on which there are really those sayings that it would be go even to $42k but it didnt happen. Now we are making some sideways movement after that drop on which this is actually the hard time on making up your positioning considering that price movement is really that showing having no clues in terms of TA on where it would possibly go. Therefore, trading experience and skills will really be that relevant everytime that you would really be making positions.
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Odusko (OP)
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August 30, 2024, 10:05:11 PM |
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The Question now is: What is you bitcoin market price expectations for this month of August most especially in the first half of the month of August? Do you think that we will see a $70k BTC price or we likely going to see a decline in the price in the short term basis?
In fact, I haven't really followed Bitcoin price movements since the end of July, only checked occasionally and it was quite surprising to see the price go below $55,000. Panic certainly created, but is that a good opportunity to buy? I think it depends entirely on their financial ability and knowledge about Bitcoin, believers and having a lot of money is an opportunity but there is also definitely the opposite. Now it's the end of August, $70,000 doesn't seem to have happened yet so my speculation is that it will only happen next month and the price will only be around like today in this month and next month maybe something better will happen to Bitcoin Now I believe that bitcoin is still a bit far from achieving $70,000 price in the month of August as all attempts to go close to that 70,000 bitcoin price have failed severally and for that reason we need more time and patience to be able to look forward to that price in the coming months, this month of August is already ending and for sure bitcoin is at a correction level right now being currently around 58,000 to 59,000 without any big stability toove above that and even the 65,000 attempts within the last week all failed to be achieved, and I think that this is the best time to buy more bitcoin if there is some cash reserves for that, most of those that DCA are currently accumulating more bitcoin and getting ready to offload they bag load when the price of bitcoin will reach that high in the coming months. Between that on a general note, bitcoin have Indeed made some significant positive response to the market forces since the price have resisted alot of attempts to be forced downward on several occasions, even though our speculations of going all the way to 70k have failed, we shouldn't failed to acknowledge that fact that bitcoin have make alot of remarkable resistance severally when the price wanted to pull below 55k in the past few days And if I may forcast the month ahead, I will say that it is going to be filled with more positive price movements, and whatever bitcoin have failed to achieve on the month of August will be corrected in the coming month and if care is not taken, bitcoin could go above teb extimate price of 70,000 in September.
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Rabata
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August 31, 2024, 05:46:17 AM |
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Whales have always dominated cryptocurrency platforms, and any ups and downs in the market can be seen by whale investors. If whale investor sells his assets, the negative impact on the market causes the price to fall and at that time some investors panic and lose money. But those who have been in the market for a long time use that time to increase their wealth. They all know that Bitcoin price will rise. After every fall it will bounce back.
Rise and fall is a natural process of trading market. We had an ATH in Bitcoin last few months ago and the market has been a bit behind from the price. When the market is bearish, the possibility of bullishness also increases because the whales will take advantage. The market has lost 7 percent in last 7 days and I hope that price will recover in next few days.
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asriloni
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August 31, 2024, 05:49:00 AM |
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And if I may forcast the month ahead, I will say that it is going to be filled with more positive price movements, and whatever bitcoin have failed to achieve on the month of August will be corrected in the coming month and if care is not taken, bitcoin could go above teb extimate price of 70,000 in September.
It's not likely we're moving back to the 70k in september. I expect a small recovery to happen in the upcoming month, but we may also get another dump. Some news says there will be a rate cut in September. But, it is unlikely to have much impact on the crypto. Bitcoin rarely does well in September, and this has happened many times. It makes me pessimistic to say we're going green soon. I expect we may be dumping to the 55k before we'll get major run toward 70k. Also, US stock market is not looking good now. I expect a small correction to occur very soon. And we may be facing bullrun to start in October till december. However, my prediction may not happen. I only speculate based on the data we have from before.
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pooya87
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August 31, 2024, 01:34:18 PM |
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It's not likely we're moving back to the 70k in september. I expect a small recovery to happen in the upcoming month, but we may also get another dump. Some news says there will be a rate cut in September. But, it is unlikely to have much impact on the crypto.
There are two big ifs involved in rate cuts effect on bitcoin price in my opinion. IF they actually cut the rates enough that we can consider it an actual decrease (not like 0.1% cut) and IF that can impact the deepening recession (either stop it or reverse it) we can definitely see less sell pressure on bitcoin which means an easier bull run.
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Republikcoin.com
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August 31, 2024, 01:40:04 PM |
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Bitcoin has corrected the price of dumping in various stages but the altcoins that dumped along with Bitcoin are not able to correct the price anymore. The amount of price dumping after investing my bitcoins has almost corrected the price of bitcoins giving me losses. However, Bitcoin will increase and decrease at different times but will never permanently dump from the market, but once the price of altcoin is dumped, its recovery becomes impossible.
If you still have Bitcoin safely enough in your own wallet, I don't think you need to worry about the current price drop because Bitcoin can always recover after the price dump in the market. But for altcoins it will always be worse when Bitcoin is dumping because altcoins will also experience it to a greater extent so you can ignore altcoins or sell them when you have a little profit from it because altcoins always have a high risk to hold for a long time. But Bitcoin always makes a difference so it can always be relied on for long term purposes.
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erep
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September 01, 2024, 06:54:09 PM |
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If you still have Bitcoin safely enough in your own wallet, I don't think you need to worry about the current price drop because Bitcoin can always recover after the price dump in the market. Relatively every investor keeps assets in a personal wallet because they do not use bitcoin for short-term profit trading, besides they avoid not always monitoring market movements and news so as not to be affected by negative news that can trigger changes in investor strategies to sell their assets due to negative issues. Holding assets on any exchange is very risky, recently there was news that a user's assets were frozen because he lived in a country (I did not mention). However, regarding the current price movement, there is no need to worry that there will be another decline and after reviewing various sources that the market recovery will be higher than before, we predict that there will be a big chance that bitcoin can reach ATH this year.
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