Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Papusha20 on September 19, 2022, 07:18:40 AM
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Bitcoin, its total market cap was headed back toward its six-week low of $18,661 on Sept. 6, territory it hasn't touched since the end of June. Bitcoin's total market cap was back below $375 billion on Sunday, a threshold last breached on Sept. 6 and not since July 13 before that.
For his part, Doctor Profit—whose main claim to fame is predicting $18,000 as the "ultimate bottom" for Bitcoin as early as April 2021—said that "the bottom is being formed" with a likely prince range of $18,000 to $25,000 through next March.
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It’s a downward descent once again for the original crypto. Bitcoin (BTC) dropped more than 6% on Tuesday, falling below the $21,000 threshold.
The sell-off came on the heels of a higher-than-expected consumer price index (CPI) report from the Bureau of Labor Statistics.
CPI came in at 8.3% for August. Although this is lower than July’s CPI of 8.5%, it’s still higher than the expected 8.1%. Core CPI, which doesn’t include food and energy prices, came in 0.6% higher than in July and 6.3% higher year over year.
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It’s a downward descent once again for the original crypto. Bitcoin (BTC) dropped more than 6% on Tuesday, falling below the $21,000 threshold.
The sell-off came on the heels of a higher-than-expected consumer price index (CPI) report from the Bureau of Labor Statistics.
CPI came in at 8.3% for August. Although this is lower than July’s CPI of 8.5%, it’s still higher than the expected 8.1%. Core CPI, which doesn’t include food and energy prices, came in 0.6% higher than in July and 6.3% higher year over year.
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It’s a downward descent once again for the original crypto. Bitcoin (BTC) dropped more than 6% on Tuesday, falling below the $21,000 threshold.
The sell-off came on the heels of a higher-than-expected consumer price index (CPI) report from the Bureau of Labor Statistics.
CPI came in at 8.3% for August. Although this is lower than July’s CPI of 8.5%, it’s still higher than the expected 8.1%. Core CPI, which doesn’t include food and energy prices, came in 0.6% higher than in July and 6.3% higher year over year.
what you say a little confused me, what is the relationship between CPI and bitcoin price value?
please provide a detailed explanation along with the source of the article you quoted
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Currently the market is not very good due to Bitcoin price down. A Bitcoin market down has a major impact on the entire cryptocurrency market. In the position Bitcoin is in right now, it looks like it will take a long time for its price to rise. I think bitcoin price will not increase this year maybe next year bitcoin price will increase.
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In general, I think that after such a fall, no one will believe in bitcoin anymore and investors will enter it with caution, unless the whales again shake its value. In general, all his predictions and dreams about his cost of 100 thousand dollars have long been forgotten.
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There is confusion in the markets at this time, and the price is falling. Because of this the value of bitcoin is also falling. At this time the price of bitcoin has fallen to $19208, the possibility of further decline is being expressed.
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The market is still very unstable. The price of Bitcoin is very volatile during this market car in the bearish era. And this is not new. How many times, has Bitcoin been experiencing this situation, being dropped after rising up several percentages? And then, it will be rising up again later. So, it is better not to worry much or panic. We know how the progress and journey of Bitcoin, That is why we can keep utilizing the low price of Bitcoin to ad more DCA
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Bitcoin, its total market cap was headed back toward its six-week low of $18,661 on Sept. 6, territory it hasn't touched since the end of June. Bitcoin's total market cap was back below $375 billion on Sunday, a threshold last breached on Sept. 6 and not since July 13 before that.
For his part, Doctor Profit—whose main claim to fame is predicting $18,000 as the "ultimate bottom" for Bitcoin as early as April 2021—said that "the bottom is being formed" with a likely prince range of $18,000 to $25,000 through next March.
Keep calm mate, I think it's bearish season.
We will see the pump and dump.
Bitcoin seems struggle now, that's normal.
Because I have read several investors predicted bitcoin will down until 15 K USD .
Let's see
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I think to day is bad news for bitcoin it will go down to his bottom it will be 13k so use stop loss any time it can happen some bad news are coming in market to dump it so am out from market you have to be buy in dip like icp and dot coins web3 coins.
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I think to day is bad news for bitcoin it will go down to his bottom it will be 13k so use stop loss any time it can happen some bad news are coming in market to dump it so am out from market you have to be buy in dip like icp and dot coins web3 coins.
You seem too worried about the current dump. It is something usual, dude!
Sorry, I dout if Bitcoin will drop to $13k, I think it is rather difficult to happen. Even whales must think much to manipulate Bitcoin price dropping to $13k, it may impact on bad interest of Bitcoin investment. Considering that big negative impact, I'm not sure if Bitcoin to drop massively to $13k.
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Right now, Bitcoin is holding on to the $19K level so yeah there is a big chance that eventually it can find its bottom at $17K and then hopefully can be able to move to as high as $25K before the year ends. Now, this is going to be the optimistic view as we know that with Bitcoin anything can happen for no reason at all. This is just like saying expecting the best but preparing for the worst...so we will not be that disappointed.
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Right now, Bitcoin is holding on to the $19K level so yeah there is a big chance that eventually it can find its bottom at $17K and then hopefully can be able to move to as high as $25K before the year ends. Now, this is going to be the optimistic view as we know that with Bitcoin anything can happen for no reason at all. This is just like saying expecting the best but preparing for the worst...so we will not be that disappointed.
I agree with you, I think bitcoin will down until 17K USD, I think It's good time to buy bad hold until 2025, because 2025 has been predicted will be bullish.
I think it's good way to do now.
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I also believe that 17.6K is the bottom of this crypto winter. Sideway is happening but I don't think we will have a new bottom. BTC is in a recovery and accumulation for new growth with wave 0-1-2 before BTC Halving.
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I also believe that 17.6K is the bottom of this crypto winter. Sideway is happening but I don't think we will have a new bottom. BTC is in a recovery and accumulation for new growth with wave 0-1-2 before BTC Halving.
Good prediction, I think I agree with you.
I also predict bitcoin bottom around 17K - 17.5K USD at this year.
But let's see at the next year, bitcoin price will recover gain or go down.
It's unpredictable
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during bearish we will see bitcoin downs and downs.
No worries bout it.
Many prediction about the bitcoin bottom, they said 15K USD, 17K or other.
I think we should have own analysis.
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Don't worry mate cuz even Bitcoin will dump 100x it is dominant to bounce back and increase going to moon again on its perfect time. Today Bitcoin price is at $20k. Good to see Bitcoin more than 20k than below. To be honest even me are worried once I see Bitcoin touch $18k. As we know altcoins will follow what Bitcoin trend.
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Why bitcoin price dump you know? Currently the market is not very good due to Bitcoin price down. A Bitcoin market down has a major impact on the entire cryptocurrency market.
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Why bitcoin price dump you know? Currently the market is not very good due to Bitcoin price down. A Bitcoin market down has a major impact on the entire cryptocurrency market.
Bitcoin price down because it's bearish season, many investors hold their fund.
So we all see trading volume is decreasing.
The main factors that effect to the price are demand and supply.
I see demand is decreasing, It's the reason why bitcoin dumps
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And what's so bad that the market started to fall, invest at this price, you didn't buy bitcoins when it cost $ 50k. The market is now offering us a low price for investment.
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It's still like last year which made us cry because when we saw the market all the coin prices were down and red.
It takes extra patience for us to be able to choose that Bitcoin is a good investment because not all investors like extra fluctuations.
But this Bearish will happen for a while because the strong evidence is that almost every 4 years this Bitcoin cycle goes up hard and goes down hard, so always down!
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And what's so bad that the market started to fall, invest at this price, you didn't buy bitcoins when it cost $ 50k. The market is now offering us a low price for investment.
The market is indeed at its lowest price and will the current price continue to fall below $10K? Of course this would be bad news, but it's a chance to keep buying it.
but hope that it won't drop below $10K as it will take longer to get better.
The crypto market is indeed very much influenced by the world economy, which is indeed being hit by very high inflation, many countries are experiencing difficulties.
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Whatever the current Bitcoin Price, I started doing DCA with the hope that in 2024 the price could rise to a new ATH.
from historical data https://coingolive.com/en/coin/ath-price/ Bitcoin price minus -79% and the possibility of price going down could happen, but I don't expect the price to go down to $10k usd, because there will be many investors who bought BTC back then before the 4 year halving happened.
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Whatever the current Bitcoin Price, I started doing DCA with the hope that in 2024 the price could rise to a new ATH.
from historical data https://coingolive.com/en/coin/ath-price/ Bitcoin price minus -79% and the possibility of price going down could happen, but I don't expect the price to go down to $10k usd, because there will be many investors who bought BTC back then before the 4 year halving happened.
I think It will never happen bitcoin price downs until 10k USD .
In my prediction bitcoin price bottom 15K USD , not more
But anything can happen in crypto currency.
Let's what progress in crypto at the end of this year's and also the next year.
If the bitcoin price downs until bottom, it's good time to buy
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Bitcoin, its total market cap was headed back toward its six-week low of $18,661 on Sept. 6, territory it hasn't touched since the end of June. Bitcoin's total market cap was back below $375 billion on Sunday, a threshold last breached on Sept. 6 and not since July 13 before that.
For his part, Doctor Profit—whose main claim to fame is predicting $18,000 as the "ultimate bottom" for Bitcoin as early as April 2021—said that "the bottom is being formed" with a likely prince range of $18,000 to $25,000 through next March.
that's normal if bitcoin price is going down, because we will see long bear market, maybe until the end of 2024.
I buy several potential altcoin for my collection, yeah I will hold those until the end of 2024.
Hopefully after bitcoin halving the crypto price will soar.
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Bitcoin, its total market cap was headed back toward its six-week low of $18,661 on Sept. 6, territory it hasn't touched since the end of June. Bitcoin's total market cap was back below $375 billion on Sunday, a threshold last breached on Sept. 6 and not since July 13 before that.
For his part, Doctor Profit—whose main claim to fame is predicting $18,000 as the "ultimate bottom" for Bitcoin as early as April 2021—said that "the bottom is being formed" with a likely prince range of $18,000 to $25,000 through next March.
that's normal if bitcoin price is going down, because we will see long bear market, maybe until the end of 2024.
I buy several potential altcoin for my collection, yeah I will hold those until the end of 2024.
Hopefully after bitcoin halving the crypto price will soar.
of course what you are doing is correct but you need to pay attention to what you buy must have a good selling value and don't buy coins wrong, until now Bitcoin, Ethereum and BNB are still the main 3 for future assets approaching 2024.
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The current market situation is still at this rate, the market volatility is very high. We can see that the market is dropping and rising again with quite extreme changes. However, it is sure enough that this is still in the current ebarih market. So, the BTC makret will be continue falling down
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All crypto prices go up and down. Bitcoin is no exception. Bullrun has been going on in the crypto market for almost 2 years and Bitcoin's new ATH has touched $70K. As the market is now bearish, the price of Bitcoin is now low. I think now is a very good time to buy Bitcoin. We should exploit this market dip.
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in my opinion, now is a fixed time to buy bitcoin because right now the market is chaotic because of the big influences that are happening, such as the war russia vs ukrania, the issue of china which prohibits its citizens from owning crypto, this is very influential on the price crypto.
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in my opinion, now is a fixed time to buy bitcoin because right now the market is chaotic because of the big influences that are happening, such as the war russia vs ukrania, the issue of china which prohibits its citizens from owning crypto, this is very influential on the price crypto.
Many people have been stuck buying other crypto coins, and now many people are not holding USDT anymore to buy Bitcoin.
Right now is a good time to increase our investment in crypto, not only Bitcoin other coins such as ETH and BNB are also very good to buy when the market is down like it is today.
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in my opinion, now is a fixed time to buy bitcoin because right now the market is chaotic because of the big influences that are happening, such as the war russia vs ukrania, the issue of china which prohibits its citizens from owning crypto, this is very influential on the price crypto.
Many people have been stuck buying other crypto coins, and now many people are not holding USDT anymore to buy Bitcoin.
Right now is a good time to increase our investment in crypto, not only Bitcoin other coins such as ETH and BNB are also very good to buy when the market is down like it is today.
Yeah current market is bearish , I think It's good time to buy more and hold several potential coins for our collection.
Hold until 2025, I think It's good way to gain big profit while bullish season.
Do research and take your decision, I think hold is better than traidng now
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To day its again got down bitcoin in to much in trouble its going down every day i think this month or other month bitcoin will touch bottom so be prepare for it guys it will come soon dont trade in this market few month you will loss you money like me i lost to much money in this market.
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Today we had a crazy day where BTC dropped 5% but quickly recovered when CPI was released. The market is so small and volatility spooks investors. Congratulations to the investors who bought crypto at cheap price today.
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Today we had a crazy day where BTC dropped 5% but quickly recovered when CPI was released. The market is so small and volatility spooks investors. Congratulations to the investors who bought crypto at cheap price today.
at bearish, if we have free money I think buy more and hold is the best way to do.
Many investors bought several potential crypto such as bitcoin Ethereum BNB polygon matic DOT SOL etc at cheaper price.
They hold and wait the progress of market
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Today we had a crazy day where BTC dropped 5% but quickly recovered when CPI was released. The market is so small and volatility spooks investors. Congratulations to the investors who bought crypto at cheap price today.
at bearish, if we have free money I think buy more and hold is the best way to do.
Many investors bought several potential crypto such as bitcoin Ethereum BNB polygon matic DOT SOL etc at cheaper price.
They hold and wait the progress of market
That's true, we will see bearish season and bullish season every four years.
And If we have fee money we can hold several potential altcouns and also bitcoin,.
But we cannot get profit every day in training because crypto market is really volatile and unpredictable
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The bearish season is going on in the crypto market. So the price of Bitcoin has fallen. I think the Crypto market needs to be bearish. Because many small investors get the opportunity to enter the bearish market. Because many people are afraid to buy coins during bull market. So I think it's time to fill your bag with some good coins. Because if the price of Bitcoin goes up, then you may not be able to buy anymore, then you will have to regret it.
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Now the market is not only bitcoin is falling, but it also holds one price, that's what will happen next, the market will continue to fall or still stop at this mark and then begin to grow again. For bitcoin, this drop is insignificant, but for other projects it is noticeable.
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Not just the crypto market is down almost all the crypto market is down and this is true. Crypto market is the world best market in which peoples will change their life and the big investors in the world will almost invest their money in this market and they make good money through this because this time they hold their coins and wait for the market bull.