Is this the bottom?

[Learn Bitcoin]

People often get such opportunities but they can't make up their minds obviously because the market is unpredictable, if you sell at $70k and then it goes up instead of going down, you will regret your decision badly. So it's hard to make such decisions, to be honest.

To be honest, I don't care as long as I am at a loss like some others. My average accuiring price is around 40 to 45K and as you can see, we are still above that range. I have sold around 0.01 BTC at 70K because I needed that for Jakah and Eid. For now, I am holding tight because I don't need emergency cash for anything.

I often miss the opportunity because I do not hold fiat at all. 94% of my portfolio is Bitcoin only and the other 6% are some altcoins like Dot, AVAX, and some others. I am glad that I didn't exchange my Bitcoin for altcoins. Because A lot of my locals regretting their decision now.

[UNIVERSE]

This may be a normal situation. However, looking back, there may still be a difference between beginners and those who are old in the crypto space. For beginners, because of their ignorance or because of their panic, it is easy for them to make very hasty decisions when the Bitcoin market crashed quite drastically at this time. Yes, panic sells happen very often, especially among beginners who are increasingly worried that Bitcoin prices will continue to fall and won't be able to rise again.

As for veterans, perhaps they will never be free from mistakes like this. However, they should usually be wiser and more careful in making decisions to cut off or remain holding. Because usually, shareholders have certain targets to achieve.

I agree, the more we involved ourselves in the market, the more we become aware of what is right or wrong. So for us, we don't panic, we validate first what is going out in the market before we make that decision to sell or not.

So not going to be easy even for those experience but at least with our experience, most likely we are not going to panic sell and let everything subside and settle down and it could be a win win if everything turns out that the dip is just the normal volatility that we are seeing in the market.

Indeed, experience is something that is very valuable, because from experience we can learn. But more specifically, it will also depend on the person's personality, in assessing what happens to them and learning from experience. So this will give rise to quite a variety of decisions in the future. experience in trading, especially bad experiences, definitely not just 1 or 2 times, of course many times, and this is sometimes what makes us stronger and understand how to analyze and organize strategies in trading. The note is: we can really take lessons from this experience.

Sometimes we know that a newbie is making a mistake, but we cannot tell them not to do it because it is a financial matter. We cannot take risks in other financial matters. Imagine someone is going to sell now because Bitcoin is crashing at this moment, if you ask them not to sell and Bitcoin crashes further, he will start to blame you because you asked him not to sell his bitcoin. Even though we know the market will be normal again and Bitcoin will gain over time, they will still blame you and sell at a lower price. However, the person will buy again when he sees that Bitcoin has started to pump again. These things happen to all of us. LOL. Bitcoin is not for people who do not have patience.

It's quite a disaster when your heart's intention is to advise or give advice to someone. Because the situation may be different from ours. However, at least, the book provides some sharing of information so that people can be more open in their views and thoughts before deciding on something. because sometimes, they are only attracted by various influencers who definitely only spread sweet things. Meanwhile, we at least also provide balanced information about things that are risks too. And how to respond to panic attacks more calmly. So whatever happens to the market, we at least don't need to panic or get caught up in FOMO.

[BitMaxz]

To be honest, I don't care as long as I am at a loss like some others. My average accuiring price is around 40 to 45K and as you can see, we are still above that range. I have sold around 0.01 BTC at 70K because I needed that for Jakah and Eid. For now, I am holding tight because I don't need emergency cash for anything.

I often miss the opportunity because I do not hold fiat at all. 94% of my portfolio is Bitcoin only and the other 6% are some altcoins like Dot, AVAX, and some others. I am glad that I didn't exchange my Bitcoin for altcoins. Because A lot of my locals regretting their decision now.

Switching to altcoin is not bad either it depends on what altcoin you are going to hold since this is not altcoin season yet we can maybe see those altcoins that have not performed well recently might skyrocket in altcoin season. That is why keep diversify is a good idea pretty but to those who regret but if they believe that they hold a precious one they should keep holding it until altcoin season come.

[Litzki1990]

To be honest, I don't care as long as I am at a loss like some others. My average accuiring price is around 40 to 45K and as you can see, we are still above that range. I have sold around 0.01 BTC at 70K because I needed that for Jakah and Eid. For now, I am holding tight because I don't need emergency cash for anything.

I often miss the opportunity because I do not hold fiat at all. 94% of my portfolio is Bitcoin only and the other 6% are some altcoins like Dot, AVAX, and some others. I am glad that I didn't exchange my Bitcoin for altcoins. Because A lot of my locals regretting their decision now.

Switching to altcoin is not bad either it depends on what altcoin you are going to hold since this is not altcoin season yet we can maybe see those altcoins that have not performed well recently might skyrocket in altcoin season. That is why keep diversify is a good idea pretty but to those who regret but if they believe that they hold a precious one they should keep holding it until altcoin season come.

The idea that ALT coin means bad or ALT coin means less reliability is wrong. Everything has pros and cons and we must find the pros and use the best coins for our investment.  If we are not very good at finding good coins in the market, then we should get good at it first. If we invest in the wrong coin instead of investing in the right one due to our own lack of skill and then blame all the ALT coins in the market for the losses then it will definitely be wrong for us. Instead of investing in the wrong coins in the market, invest in the right coins in the market and wait and hope that the results will not go against.

[Learn Bitcoin]

Switching to altcoin is not bad either it depends on what altcoin you are going to hold since this is not altcoin season yet we can maybe see those altcoins that have not performed well recently might skyrocket in altcoin season. That is why keep diversify is a good idea pretty but to those who regret but if they believe that they hold a precious one they should keep holding it until altcoin season come.

It is not a bad idea only if they can pick the right coin. But people end up investing in a coin that pumped most recently and they think that the coin will pump further. Unfortunately, that is the mistake beginners make. Some of my locals bought Mavia that already pumped a lot and they thought it would pump further.

But due to the recent price correction, the market is crashing and those unnamed altcoins also crashing. Most of the unnamed altcoins lose more than 30% in the last couple of days. Even a coin like AVAX lose 30% in the last few days.

[BitMaxz]

It is not a bad idea only if they can pick the right coin. But people end up investing in a coin that pumped most recently and they think that the coin will pump further. Unfortunately, that is the mistake beginners make. Some of my locals bought Mavia that already pumped a lot and they thought it would pump further.

But due to the recent price correction, the market is crashing and those unnamed altcoins also crashing. Most of the unnamed altcoins lose more than 30% in the last couple of days. Even a coin like AVAX lose 30% in the last few days.

Mavia is not a good investment and not good for holding they thought it would become similar to Axie but they didn't realize that Axie just became hype due to the pandemic because we know most of people before did not have any job during covid.
Right now is different Mavia is a good token to hold it is a game it is a dead end for me if I invest to any blockchain game tokens that's a pretty bad idea.

About the price drop not only altcoins and tokens are drop but also Bitcoin is drop they are affected when the BTC price drop. If you are a trader I'm sure you are going to use Bitcoin as your indicator because when the price of Bitcoin spikes other coins/tokens too will spike.

Finding good coins is time-consuming even a good altcoin like Beam and Grin is now dying so that is why you need to diversify because you will never know the future of any project if these are going to die or be profitable in the future.

[bitterguy28]

The entire crypto market is in between this dump which seems to be a really taking a long time to recover.

the bottom did not stopped there because you have posted this after the halving effect in which the end of the bullrun and yeah the bear market is the thing when this thread was created.

With the slight recovery now do you think this is the end of this bearish dump and we see another bullish run or it's too early to think about that.. any suggestions?

2022 is the dark moment of crypto and indeed that 2023 last quarter and till now its increasing  .

[Learn Bitcoin]

Mavia is not a good investment and not good for holding they thought it would become similar to Axie but they didn't realize that Axie just became hype due to the pandemic because we know most of people before did not have any job during covid.
Right now is different Mavia is a good token to hold it is a game it is a dead end for me if I invest to any blockchain game tokens that's a pretty bad idea.

To be honest, I don't know much about the Mavia project as I haven't done any research about their project. But the hype they had was created from their airdrop event. A lot of people worked on their airdrop and they paid well to the airdrop hunters. One of my friends worked on their project as well and he got a good amount. 

About the price drop not only altcoins and tokens are drop but also Bitcoin is drop they are affected when the BTC price drop. If you are a trader I'm sure you are going to use Bitcoin as your indicator because when the price of Bitcoin spikes other coins/tokens too will spike.

I know that altcoins will spike with Bitcoin. But, mostly altcoins spike when BTC moves sideways in a good market. For now, Bitcoin showing a good sign as the war between Iran and Israel isn't going to continue for now. Let's see if we enter to the bull run.

[Lucius]

The entire crypto market is in between this dump which seems to be a really taking a long time to recover.

the bottom did not stopped there because you have posted this after the halving effect in which the end of the bullrun and yeah the bear market is the thing when this thread was created.
~snip~

You're addressing someone who hasn't been active on the forum for more than 1 year, so your answer doesn't really make sense, right? In addition, 2022 is already in the past and it is better to focus on the future - although of course one should always learn some lessons from the past.

[JoyMarsha]

To be honest, I don't care as long as I am at a loss like some others. My average accuiring price is around 40 to 45K and as you can see, we are still above that range. I have sold around 0.01 BTC at 70K because I needed that for Jakah and Eid. For now, I am holding tight because I don't need emergency cash for anything.

I often miss the opportunity because I do not hold fiat at all. 94% of my portfolio is Bitcoin only and the other 6% are some altcoins like Dot, AVAX, and some others. I am glad that I didn't exchange my Bitcoin for altcoins. Because A lot of my locals regretting their decision now.

Switching to altcoin is not bad either it depends on what altcoin you are going to hold since this is not altcoin season yet we can maybe see those altcoins that have not performed well recently might skyrocket in altcoin season. That is why keep diversify is a good idea pretty but to those who regret but if they believe that they hold a precious one they should keep holding it until altcoin season come.

Exactly. Diversified investment is the pretty idea way to go with altcoin investment and hodl through the altcoin season. This time is not the time for an investor to complain about their loss of investment because generally the crypto market is in the red zone and it is expected that all altcoins to experience a decline in price, maybe in months, the market will bounce back and everyone will begin to smile back. As we already know, you don't lose in crypto unless you sell at a loss price. This is not the time to complain but instead, a time to accumulate more altcoins you believe will do well in the bull run season

[Gladitorcomeback]

Exactly. Diversified investment is the pretty idea way to go with altcoin investment and hodl through the altcoin season. This time is not the time for an investor to complain about their loss of investment because generally the crypto market is in the red zone and it is expected that all altcoins to experience a decline in price, maybe in months, the market will bounce back and everyone will begin to smile back. As we already know, you don't lose in crypto unless you sell at a loss price. This is not the time to complain but instead, a time to accumulate more altcoins you believe will do well in the bull run season

Let me tell you a harsh reality, this market is too sensitive, believe it or not, if the market manages to decline further, and if Bitcoin goes to $50k or below, we will witness a very large sell-off because people will start panic selling when they see that happening, they will start thinking that they should sell now before they lose more profit if they are still in profit, and they wouldn't think that the market will decline further if they sell.

My point behind saying all that is, that though I agree that this is a good opportunity to accumulate more coins and tokens that are good, one should make sure they are not going all in because there is always a possibility of the prices getting cheaper in the near future.

[Learn Bitcoin]

Even though this thread is too old, it is kind of relatable now. If you ask, have we seen the ATH for this season already? I know most of you guys will say, "Not yet," but it seems like we are going to go down further. A couple of analysts said that if Bitcoin breaks the 59K support and the 57K support, then the season may turn around and it seems something bad is going to happen. Even though Hongkong ETF was approved as well, we are seeing net outflow in the US ETF for the last five days which resulted massive dump and panic selling as well. It seems we have to wait a long time to see the ATH from here. But, the question remains, which one is the bottom?

[Dr.Bitcoin_Strange]

Exactly. Diversified investment is the pretty idea way to go with altcoin investment and hodl through the altcoin season. This time is not the time for an investor to complain about their loss of investment because generally the crypto market is in the red zone and it is expected that all altcoins to experience a decline in price, maybe in months, the market will bounce back and everyone will begin to smile back. As we already know, you don't lose in crypto unless you sell at a loss price. This is not the time to complain but instead, a time to accumulate more altcoins you believe will do well in the bull run season

That's totally correct,
When it comes to altcoin investment, the best approach would be to diversify your investments by spreading your investment, the same way HODLing across the altcoin season could also be a very effective and productive strategy too.
Just as you've mentioned, the whole market is in red right now, even Bitcoin, and since altcoins' price are mostly influenced by Bitcoin, altcoin price is also expected to be in red too. Although the decline doesn't mean that it'll stay that way or not recover,  (when considering bitcoin investment) but it's another opportunity to buy and accumulate more coins.

[BitMaxz]

Exactly. Diversified investment is the pretty idea way to go with altcoin investment and hodl through the altcoin season. This time is not the time for an investor to complain about their loss of investment because generally the crypto market is in the red zone and it is expected that all altcoins to experience a decline in price, maybe in months, the market will bounce back and everyone will begin to smile back. As we already know, you don't lose in crypto unless you sell at a loss price. This is not the time to complain but instead, a time to accumulate more altcoins you believe will do well in the bull run season

It's normal in crypto that we see price declines there are no coins that keep increasing and no declines it's normal to see sometimes declines which is why there are exchanges and only traders can decide how much the price of the coin is.

Let's keep monitoring the bear market and let's wait again for crypto to stabilize before buying again because this is a good time again to buy at the cheap price before the big bearish coming including other coins and tokens.

[taufik123]

It's normal in crypto that we see price declines there are no coins that keep increasing and no declines it's normal to see sometimes declines which is why there are exchanges and only traders can decide how much the price of the coin is.

Let's keep monitoring the bear market and let's wait again for crypto to stabilize before buying again because this is a good time again to buy at the cheap price before the big bearish coming including other coins and tokens.

And it is also natural that after the halving there is a price decrease like today, even the current price decrease is still quite minimal compared to the previous halving price decrease which reached -50% more.

Doing buyback management would be better now while looking at where bearish will last.
ATH will be even higher and many speculations circulate ATH will be more than the price of $100k++ and this is the most anticipated.