Possible Market Fall, Still in the Bear

[Popkon6]

I think even now the market is quite bearish. Anything below $60,000 is a bearish move for me so I would keep waiting until I find the perfect buying opportunity and would then continue holding. I think for a few months, market looks more bearish. I just hope we don't fall below $60k range because from there, it would be a free fall until $50k as there is no major support in between. Below $50k, we are at a risk of staying in a year long bear market. Anything above $70k is a positive news for me and I would increase my hopes in that situation.

As of now, I am ready to invest smaller chunks in portions to average my buying price. I even bought some at $80k which I do not regret because I am going to hold those coins for a much longer duration than you think.

If you buy Bitcoin then this is the best time, you will not find a better time than this to buy Bitcoin and hold it for a long time. You should never wait to buy in Bitcoin investment, because Bitcoin is now below $ 60 thousand, that is, it has touched $ 59 k. So anytime the price of Bitcoin can reverse, this is the best time to buy Bitcoin.
And you can prepare yourself to hold it for a long time, or it is important and a good plan to buy Bitcoin by following the DCA method.

[STT]

Smartest thing to assume happens next is the repeat of any trend but since we have an unreliable movement up or down its especially hard to call right now.   The price is moving downwards and past its 200 week average but its not done so in a rapid or confident way, no large volume or certain move has been established.

  I see dollar stronger but also yen weaker so the simple resolution to that inverse move in currency is both FIAT currencies end up with lower value which in the end will benefit BTC and result in a higher price most likely.  It would certainly fit the trend of ongoing weakness leading to BTC gaining over the years despite all doubts its likely to resolve upwards with its far more limited supply and a still expanding user base.

[henmark]

The signal received today as well shows a continuous pattern to how the market is possibly going to fall below $60,000 anytime from now, but currently as we speak, we have it at $61,000 after making it to $63,000 earlier, if we did not forget that we already had up to $65,000 within a space of 1 week from the market price on the chat before the sudden falls, living us at $62,000 earlier this week.

Interestingly, it is not just Bitcoin that is falling. Gold and oil are also down, while the stock has been moving sideway after yesterday's decline. It seems that the entire financial market is being soldoff, as if everyone is taking profits at the same time.

Given the current situation,I expect Bitcoin to drop below $60k soon, and the bear market could last until the end of the year. It is clear that the 4 year cycle is repeating itself, but many people still have not accepted this reality.

If Bitcoin drops to $50k, that would be a huge opportunity for us .

If bitcoin drops to $50k, it would be an opportunity for you but a lot of people would start offloading bitcoins because they would fear further drop. As of now, there is not much volatility but we have seen in the past about the sudden declines crashing the entire markets by a few points within a few seconds. In that situation, people would really fear about losing their money and we all know, fear is never good for the markets. We can somehow cope with greed but not fear because those are the times when the entire market collapses.

Even I would be waiting for bitcoins to touch $50k before I start buying again. This just gives me another opportunity to purchase bitcoins as a discounted rate and I would personally never miss such opportunities even if I have to keep holding those orders for months or even a year.

[Fredomago]

I think even now the market is quite bearish. Anything below $60,000 is a bearish move for me so I would keep waiting until I find the perfect buying opportunity and would then continue holding. I think for a few months, market looks more bearish. I just hope we don't fall below $60k range because from there, it would be a free fall until $50k as there is no major support in between. Below $50k, we are at a risk of staying in a year long bear market. Anything above $70k is a positive news for me and I would increase my hopes in that situation.

As of now, I am ready to invest smaller chunks in portions to average my buying price. I even bought some at $80k which I do not regret because I am going to hold those coins for a much longer duration than you think.

If you buy Bitcoin then this is the best time, you will not find a better time than this to buy Bitcoin and hold it for a long time. You should never wait to buy in Bitcoin investment, because Bitcoin is now below $ 60 thousand, that is, it has touched $ 59 k. So anytime the price of Bitcoin can reverse, this is the best time to buy Bitcoin.
And you can prepare yourself to hold it for a long time, or it is important and a good plan to buy Bitcoin by following the DCA method.

As long as you did your reserch then the position is good, usually those who bought their assets during bear season always find it as a good catch, knowing the nature of this investment, though you should have good knowledge before buying as there's a huge risk in terms of movement, the volatility can scare you if you are not prepared with sudden movement, the more you understand the better you can hold and stay calm.

[Odusko]

As long as you did your reserch then the position is good, usually those who bought their assets during bear season always find it as a good catch, knowing the nature of this investment, though you should have good knowledge before buying as there's a huge risk in terms of movement, the volatility can scare you if you are not prepared with sudden movement, the more you understand the better you can hold and stay calm.

Those who bought bitcoin during bear dip bitcoin price are buying Bitcoin at a lower price which is seen as a discounted price that allows you as the buyer to position yourself at an advantageous position which puts your Bitcoin investment on the positive side and can earn you profits if the price of Bitcoin starts recovering from that point.