BTC Sentiment Poll for August

[justdimin]

If this month is indeed one that's not favorable for us in investing, I think it's better to accumulate to increase the amount of investment that becomes our assets for the future. Because in the past few months, and not necessarily August, market conditions have remained very stable at $60,000 and above, and there hasn't been any movement to exceed $70,000.

So, it is very possible for us to wait for market conditions to move higher by simply accumulating Bitcoin as our activity while waiting for market conditions to improve and conditions that are favorable for us in increasing the number of our assets for the next few years.

Currently, we cannot predict future market price conditions, but many are currently very confident that Bitcoin will drop again at the end of this month.
But we will accept whatever happens with market conditions, because for us, buying is part of our basic goal for the next few years, namely having a certain amount of assets for our future. And we do this as part of our savings by increasing the number of Bitcoins that we can collect, so that we don't have high hopes and we will accept what happens with market conditions, whether there is a decrease or an increase.

This is exactly what we should be doing; there is absolutely nothing that we could gain from anything else but buying and holding. I understand the point right now; there is nothing to avoid that. I get that, but we need to be making sure that we are dealing with something that could be very good for us overall. And for that reason, we need to make sure that we could make some great return on this, and could be getting a greater return overall as well.

I understand it is not simple to just buy during this period, because we are seeing it go down, and that makes a lot of people fear. Going down means that people are actually selling; we are here saying we should buy while it's low, and the entire reason is that people are doing exactly the opposite of it: they are selling instead of buying. So of course it's scary, and not everyone will do it, but if you can wait a year or two, I highly suggest buying right now, and wait long term and you should be able to make some returns on it.

[Callido]

This first week shows there is hope that it will boost the results, as indicated by the question in the second OP poll. That’s about a 1% increase based on July’s trends.

I feel where we are now is where we will be throughout the month of August, not below $60K and not up to $66K. So many news and speculation is triggering fear in others, while some are anxious about what will happen, but my own speculations tells me, we will not experience a massive decline or a big pump. The market will close for the month of August still within $60K.

[Jegileman]

This first week shows there is hope that it will boost the results, as indicated by the question in the second OP poll. That’s about a 1% increase based on July’s trends.

I feel where we are now is where we will be throughout the month of August, not below $60K and not up to $66K. So many news and speculation is triggering fear in others, while some are anxious about what will happen, but my own speculations tells me, we will not experience a massive decline or a big pump. The market will close for the month of August still within $60K.

My prediction also lies within that zone for bitcoin this month but sometime I also feel maybe the market could go below $60K but will not close below it by end of the month. The market is still looking to be consolidating as usual and hasn’t seen any significant increase that could trigger a change in trend for now. The market price closing between the range of $60-$66K is still a very fair one though, because I’m still anticipating some bearish sentiment soon that could push the market price downwards more before even thinking of a string reversal trend that will push the market upwards once again.

[kawetsriyanto]

I feel where we are now is where we will be throughout the month of August, not below $60K and not up to $66K. So many news and speculation is triggering fear in others, while some are anxious about what will happen, but my own speculations tells me, we will not experience a massive decline or a big pump. The market will close for the month of August still within $60K.

It is actually still quite early of the month. Assuming Bitcoin won't move from the price zone $60k-$66k is too hasty. However, I can understand that you made the such prediction because Bitcoin price didn't move aggressively recently. Well, this can be caused by too many bad news. Or investors stop to buy in massive numbers because they still want to "see & watch" first the market condition. But I assume it won't be so difficult crossing $66k if we have good news in the near future. In some exchanges, Bitcoin could reach $65k today, so it is quite close to $66k, right? Considering the current move of Bitcoin, I'm quite confident that Bitcoin won't drop again to below $60k this month.

[AprilioMP]

This first week shows there is hope that it will boost the results, as indicated by the question in the second OP poll. That’s about a 1% increase based on July’s trends.

I feel where we are now is where we will be throughout the month of August, not below $60K and not up to $66K. So many news and speculation is triggering fear in others, while some are anxious about what will happen, but my own speculations tells me, we will not experience a massive decline or a big pump. The market will close for the month of August still within $60K.

Unlike me, although I've already mentioned price speculation that there's hope for a price increase, I'm not trying to convince you because market sentiment may differ.
On August 6th, the price was still trading at $64,650. This is a good signal, according to my analysis, for the first week. If the price remains around the current level at the start of the second week, it won't deviate from the current price as the August close.
People's anxiety over everything happening globally may be starting to change, even though some geopolitical situations remain unstable.

[johnsaributua]

If this month is indeed one that's not favorable for us in investing, I think it's better to accumulate to increase the amount of investment that becomes our assets for the future. Because in the past few months, and not necessarily August, market conditions have remained very stable at $60,000 and above, and there hasn't been any movement to exceed $70,000.

So, it is very possible for us to wait for market conditions to move higher by simply accumulating Bitcoin as our activity while waiting for market conditions to improve and conditions that are favorable for us in increasing the number of our assets for the next few years.

Currently, we cannot predict future market price conditions, but many are currently very confident that Bitcoin will drop again at the end of this month.
But we will accept whatever happens with market conditions, because for us, buying is part of our basic goal for the next few years, namely having a certain amount of assets for our future. And we do this as part of our savings by increasing the number of Bitcoins that we can collect, so that we don't have high hopes and we will accept what happens with market conditions, whether there is a decrease or an increase.

This is exactly what we should be doing; there is absolutely nothing that we could gain from anything else but buying and holding. I understand the point right now; there is nothing to avoid that. I get that, but we need to be making sure that we are dealing with something that could be very good for us overall. And for that reason, we need to make sure that we could make some great return on this, and could be getting a greater return overall as well.

I understand it is not simple to just buy during this period, because we are seeing it go down, and that makes a lot of people fear. Going down means that people are actually selling; we are here saying we should buy while it's low, and the entire reason is that people are doing exactly the opposite of it: they are selling instead of buying. So of course it's scary, and not everyone will do it, but if you can wait a year or two, I highly suggest buying right now, and wait long term and you should be able to make some returns on it.

I believe we should capitalize on the current situation—specifically, by leveraging it in a way that benefits us personally in the long run. Making a purchase now can be highly advantageous for building future assets; we shouldn't let market fluctuations—which might tempt us to sell—mislead us.

We must remember that holding and buying during current price conditions is a sound strategy for those investing in Bitcoin for the years ahead. Not everyone can adopt this approach, as individual incomes vary and stability isn't always guaranteed; however, the key lies in having the intention and the method to secure personal gain. Ultimately, it is up to us to manage how we utilize this situation, which remains highly favorable for accumulating assets for the future.

Of course, it isn't easy for everyone—especially those whose income barely covers basic necessities. In such cases, I believe it is better to forgo investing meeting essential needs must remain the priority.
Furthermore, given current market conditions, some investors lack the resolve to hold their positions, leading them to sell off part or all of their holdings. They often fear further market shocks—specifically, a steeper drop than any previously seen. Consequently, they prefer to sell while the price is around $60,000 rather than risk a further decline that could result in significant losses.