Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Hamza2424 on June 14, 2024, 07:59:52 PM
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Hi fellows...
In a couple of days market is in another mood especially, what do you guys think about the month of JUNE for Bitcoin, I've explained my views in many posts on different topics and how according to my experience market will behave in the coming weeks even in July. The market is in kind of swinging mode, how you are taking this are you planning for regular accumulation in BTC or waiting for a clear turning point?
Also mention where you think the market can take a turn, what are the levels to watch in your views
Note this topic is to get a clear view of the community as there are very few topics with mixed discussion so I thought why not collect the particular comment under a single topic.
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I am no trader by any stretch of the imagination, but I'd have to say that the bitcoin price the past three months, leading up to June, has been quite stable. Still got half of June left to go, and I think the price behavior is going to remain the same unless something stupid happens like FTX last time.
We haven't seen an FTX level event quite yet to move the market in a shocking way, which is a good thing for stability as we all know what happened last cycle.
As for when the market is going to take a turn, I think the price right now is just going to slowly go down as whales/market movers are selling for fiat profit.
Personally, I've been buying a little bit of bitcoin every week DCA-style for the last month.
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I've been waiting for weeks to reach the price at $63k where people don't believe that it should go back there before going up. Honestly, I'm not surprise if the price will continue to go deeper because imbalance is also a liquidity. When the price hit that area there is a possibility it will cause impulsive up move. As long as you didn't sell, you are still safe and will gain much in the future.
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Investors are definitely worried about which direction the market will turn at this point. If the market is bearish then it may move up to 61K and if bullish then it may cross an earlier all time high. Those are holding bitcoins can still hold because the market will go bullish again after going through these conditions for a while longer. By the end of this year, the market will turn our wishes into reality through the bull run according to all of our expectations. I think this month will not see much change in Bitcoin price.
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Hi fellows...
In a couple of days market is in another mood especially, what do you guys think about the month of JUNE for Bitcoin, I've explained my views in many posts on different topics and how according to my experience market will behave in the coming weeks even in July. The market is in kind of swinging mode, how you are taking this are you planning for regular accumulation in BTC or waiting for a clear turning point?
In this month i.e. June, there is no chance of Bitcoin price going above $70k as Bitcoin price has already seen a lot of decline today and afternoon price has dropped to 66k which is a negative sign for Bitcoin. As per previous ATH records we are yet to see a standard ATH for Bitcoin this year. If this is the case and the price of Bitcoin starts to fall again from here, then many people will lose a lot of confidence in Bitcoin. Because if that happens, Bitcoin will see a different behavior that has never been seen before.
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I've been waiting for weeks to reach the price at $63k where people don't believe that it should go back there before going up. Honestly, I'm not surprise if the price will continue to go deeper because imbalance is also a liquidity. When the price hit that area there is a possibility it will cause impulsive up move. As long as you didn't sell, you are still safe and will gain much in the future.
There was a good chance even better than this time in April I think yup, anyway that is one of my favorites in the market until you dont sell at a loss point, you are not in a loss, haha yup there's a condition you should hold your funds not a perpetual contract or third party.
The market never shows mercy all you can do is improve your decision-making with the passage of time and under your great experiences, you are worthy if you are better than yesterday, even if it's 0.001%
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If we look back to the May month then the think we finds difference in between the June and may that the bullish market start in end of May month and here the June month starting with the Bullish market but now we are seeing market is recovering at the middle of June I think it can continue like one week and end of June we may see the bitcoin price crosses 70k again. So in this case I will say who did regular accumulation of bitcoin with DCA method they should spot and if they have plan for accumulate some they can take the chances now.
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If we look back to the May month then the think we finds difference in between the June and may that the bullish market start in end of May month and here the June month starting with the Bullish market but now we are seeing market is recovering at the middle of June I think it can continue like one week and end of June we may see the bitcoin price crosses 70k again. So in this case I will say who did regular accumulation of bitcoin with DCA method they should spot and if they have plan for accumulate some they can take the chances now.
Hmm, that's true there's no doubt May was a good one but at the end of the day here we are in almost 3rd week of JUNE, and still trades are quite disappointing haha, especially Spot trades, But yup, I will endorse this that continues DCA at the end of the day closes under the +ve gains. I will add to this that from day one I was expecting June to be closing in the loss compared to the 31st May's price.
In the end, I will ask bro what's your take how are you dealing with the accumulation process?
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I've been waiting for weeks to reach the price at $63k where people don't believe that it should go back there before going up. Honestly, I'm not surprise if the price will continue to go deeper because imbalance is also a liquidity. When the price hit that area there is a possibility it will cause impulsive up move. As long as you didn't sell, you are still safe and will gain much in the future.
So you are prepared for the current decline, of course you also buy at a cheaper price.
I am also looking forward to this decline and I already expected there will be a decline and it is indeed needed for a good market, because there will be an increase after this and it could be higher.
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Note this topic is to get a clear view of the community as there are very few topics with mixed discussion so I thought why not collect the particular comment under a single topic.
I think this is not the time to accumulate BTC unless we want to hold for 10 years or till the next halving. Because if your plan is to exit the market then currently accumulation is not a wise choice. Speaking of turning points, I will say the market is not going to reverse its position anytime soon unless it makes a new ATH which I think will be made around $80k to $90k. First the new ATH was around $100k in my prediction but now it has been changed.
I think the market will not take any backward turn now, as it already has corrected itself when went back to $56k or near it. I am still bullish even in the current phase market is swinging in a price limit. You have started a good topic as it really will bring more info to the table if one reads other POVs as well.
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Actually, I'm just doing holding, so this won't be as difficult to do. Yes, because the goal is to meet the real bullish season, yes, even if the market drops many times this month, it doesn't interfere with my actions with the portfolio. It's true that every time you look at the nominal amount there will definitely be ups and downs, and sometimes you can be quite worried about this. But yeah, this really means the cryptocurrency market cycle is like this. We cannot avoid price fluctuations. so yeah, just do it.
Well, but actually for holders, this is a moment that is sometimes awaited, when the market is dropping, it is actually a moment for holders to buy the targeted coins. More recently, the drop was quite far, so it's quite good for accumulation.
only for short term or daily trades. Maybe this has quite a big influence, because the high volatility sometimes makes their positions shocked by what happens on the market in just a few hours.
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If we look back to the May month then the think we finds difference in between the June and may that the bullish market start in end of May month and here the June month starting with the Bullish market but now we are seeing market is recovering at the middle of June I think it can continue like one week and end of June we may see the bitcoin price crosses 70k again. So in this case I will say who did regular accumulation of bitcoin with DCA method they should spot and if they have plan for accumulate some they can take the chances now.
so what is your take in this topic mate? because the market is just making up and down for this whole year now favoring
those BuyLow SellHigh and that is what some makes money though
I am keeping my funds HODLing because I trust this market now as we are in Halving effect that for sure anytime this year
or early next year there will be big time coming.
I've been waiting for weeks to reach the price at $63k where people don't believe that it should go back there before going up. Honestly, I'm not surprise if the price will continue to go deeper because imbalance is also a liquidity. When the price hit that area there is a possibility it will cause impulsive up move. As long as you didn't sell, you are still safe and will gain much in the future.
So you are prepared for the current decline, of course you also buy at a cheaper price.
I am also looking forward to this decline and I already expected there will be a decline and it is indeed needed for a good market, because there will be an increase after this and it could be higher.
I still have small amount waiting in my pocket now to buy more when the market drops to 60k or bellow .
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If we look back to the May month then the think we finds difference in between the June and may that the bullish market start in end of May month and here the June month starting with the Bullish market but now we are seeing market is recovering at the middle of June I think it can continue like one week and end of June we may see the bitcoin price crosses 70k again. So in this case I will say who did regular accumulation of bitcoin with DCA method they should spot and if they have plan for accumulate some they can take the chances now.
so what is your take in this topic mate? because the market is just making up and down for this whole year now favoring
those BuyLow SellHigh and that is what some makes money though
I am keeping my funds HODLing because I trust this market now as we are in Halving effect that for sure anytime this year
or early next year there will be big time coming.
I've been waiting for weeks to reach the price at $63k where people don't believe that it should go back there before going up. Honestly, I'm not surprise if the price will continue to go deeper because imbalance is also a liquidity. When the price hit that area there is a possibility it will cause impulsive up move. As long as you didn't sell, you are still safe and will gain much in the future.
So you are prepared for the current decline, of course you also buy at a cheaper price.
I am also looking forward to this decline and I already expected there will be a decline and it is indeed needed for a good market, because there will be an increase after this and it could be higher.
I still have small amount waiting in my pocket now to buy more when the market drops to 60k or bellow .
That's good. Always buy when the price is cheaper. But we don't know how cheap will be the price before it goes up. That's why we should learn to analyze the market so that there will be a higher chance to catch the cheapest price. I don't want the price to go down but this is what I saw in the chart and I'm still looking forward for the big pump soon.
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In some specific timeframe Bitcoins price stays in the sideways direction but still bullish in the higher tf of course nad that is what is important on this so I think buying more is the best thing we can do since I believe Bitcoin will continue to go upward until 2025 then maybe 2026 will be bearish period so I am expecting price to fall that year just my 2 cents.
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so what is your take in this topic mate? because the market is just making up and down for this whole year now favoring
those BuyLow SellHigh and that is what some makes money though
I am keeping my funds HODLing because I trust this market now as we are in Halving effect that for sure anytime this year
or early next year there will be big time coming.
I think I have already mentioned something about my takes on this topic like if you see bitcoin is in now small dip it around 66k and I am a long term holder so obviously I am also holding in this price, and obviously I will avoid the FUDs and trying to add more adoption in my bitcoin holding with following the DCA method I made and also there is no question for selling Bitcoin in my case.
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I have bad viewed in this month of June after bitcoin seems difficult break out to the higher price, its not good moment for me as holder bitcoin and some altcoin assets because most of downtrend than uptrend after bitcoin got crash and difficult break to higher price.
Its middle of June and the progress of market still not good yet after downtrend more dominance than uptrend.
Buy back is good ideas recently in this month wish on July has good moment recovery and market back to the top price give us opportunity taking profit with some altcoin and bitcoin holding.
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The past two months have not been a positive month for bitcoin prices as most of us must have thought to see bitcoin comfortably scaling through to a price above $70k by now. It is surprising to see that bitcoin is heading sideways down between the price of $65k-$67k. However, any given price position "uptrend or downtrend" seems to be an opportunity for crypto investors to use it to their advantage, believing that whatever price they bought bitcoin, it will soar above the price before the end of this year, pushing them to profits.
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The past two months have not been a positive month for bitcoin prices as most of us must have thought to see bitcoin comfortably scaling through to a price above $70k by now. It is surprising to see that bitcoin is heading sideways down between the price of $65k-$67k. However, any given price position "uptrend or downtrend" seems to be an opportunity for crypto investors to use it to their advantage, believing that whatever price they bought bitcoin, it will soar above the price before the end of this year, pushing them to profits.
Haha, I won't say that the past few months were not good in the crypto market especially for Bitcoin, as you know there was a peak in March and due to profit booking pressure April was average and in May there was a good recovery and again we are repeating the tight range scenario and it will be gonna continue throughout the entire month.
I won't call June as the month of the downtrend it can be called the consolidating month with some good correction cycles, I'm hopeful for a good correction cycle by the end of the coming week, and from there we could be able to predict the next market move based on the developments in those days.
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My opinion is that you should not expect the price to go up significantly in the next few months, and maybe one of the more important reasons for that is that summer has started in the northern hemisphere and that many people will go on trips/vacations. Given that the majority of investors in BTC are from those parts of the world, we have a similar situation every year at this time.
Data for spot BTC ETFs (US) shows about $900 million outflow from the funds in the past 5 days, which is a clear indicator that investors are selling, and in addition, the news appeared that Germany is starting to sell BTC that they seized in the fight against illegal activities. Of course, this is already reflected in the price, but for me it is nothing strange for this time of year.
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The past two months have not been a positive month for bitcoin prices as most of us must have thought to see bitcoin comfortably scaling through to a price above $70k by now. It is surprising to see that bitcoin is heading sideways down between the price of $65k-$67k. However, any given price position "uptrend or downtrend" seems to be an opportunity for crypto investors to use it to their advantage, believing that whatever price they bought bitcoin, it will soar above the price before the end of this year, pushing them to profits.
Seems June is downtrend moment for bitcoin price how easily going down since break out above $72k and right now Bitcoin price down until $64k.
For me its good opportunity purchasing bitcoin few percent of our capital and keep save our capital around 50% waiting moment with bitcoin make new dip price.
Left one week of June, seems bitcoin will not get drastically up in this month or next month need eaiting will make recovery before the end of this year will bitcoin make new ath or keep decreasing until the end of this year.
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My opinion is that you should not expect the price to go up significantly in the next few months, and maybe one of the more important reasons for that is that summer has started in the northern hemisphere and that many people will go on trips/vacations. Given that the majority of investors in BTC are from those parts of the world, we have a similar situation every year at this time.
TBH, I'm not expecting much from the upcoming few months but yup there's always hope,I would like to accumulate with time, as you know there will be some good opportunities, in the consolidation period, Hmm from that point of view seems like Q2 is gonna boring for the Bitcoin.
The outflow of funds, hmm this is interesting because i haven't heard of any such news, anyway, this is not a big deal, I'm curious about China there were some rumors that they may manipulate things again that will be a big move in the market.
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It has been a while now, and we can say that the market hasn't been that kind for the market to be fair. Not this month at least, and that happens sometimes it is fine, I do not think that we need to have bull months all the time, sometimes we have bear months and we just need to accept that fact and move on. Obviously it is not that great, and people do not like it when months are like this, but we have to just accept that it is not going to end up getting better every month. Hopefully, July will be better than June, so that we could see some recovery and the price gets higher, that would make people happier once again.
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The past two months have not been a positive month for bitcoin prices as most of us must have thought to see bitcoin comfortably scaling through to a price above $70k by now. It is surprising to see that bitcoin is heading sideways down between the price of $65k-$67k. However, any given price position "uptrend or downtrend" seems to be an opportunity for crypto investors to use it to their advantage, believing that whatever price they bought bitcoin, it will soar above the price before the end of this year, pushing them to profits.
Seems June is downtrend moment for bitcoin price how easily going down since break out above $72k and right now Bitcoin price down until $64k.
For me its good opportunity purchasing bitcoin few percent of our capital and keep save our capital around 50% waiting moment with bitcoin make new dip price.
Left one week of June, seems bitcoin will not get drastically up in this month or next month need eaiting will make recovery before the end of this year will bitcoin make new ath or keep decreasing until the end of this year.
When we know that there is currently a downtrend, we make good use of this moment. Our decision to make a profit in Bitcoin depends on how we buy Bitcoin. If we buy at a price when it collapses like this then there is the potential to make a profit. Until the end of this year we will not be able to know how the Bitcoin price will move. The rise and fall of the Bitcoin price depends on the whales controlling the price.
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When I am writing this reply the price of Bitcoin in CMC stood at $64,271.46 and I am seeing the big possibility of it slipping further down but not less than $60K I am sure. The lack of excitement in the market is leading to this doldrum performance for Bitcoin though one might say that is actually a little bit more stable this time...and of course if one is into DCA way of investing this is a good opportunity to buy more. In my analysis (though I am not good at it), the price range for the remaining days of June can be playing between $60K to $66K except if there can be a big impetus that can excite or shock the market. As for July, I think it will be more of the same just like June though I am hoping that eventually Bitcoin can go near the $70K zone but as what I said there must be some good stimulus for that...let's hope there will be more injections coming from the ETFs by next month. Still, we should be happy as Bitcoin is giving us a lot of time to take advantage of this lower-than-expected price at the moment.
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so what is your take in this topic mate? because the market is just making up and down for this whole year now favoring
those BuyLow SellHigh and that is what some makes money though
I am keeping my funds HODLing because I trust this market now as we are in Halving effect that for sure anytime this year
or early next year there will be big time coming.
I think I have already mentioned something about my takes on this topic like if you see bitcoin is in now small dip it around 66k and I am a long term holder so obviously I am also holding in this price, and obviously I will avoid the FUDs and trying to add more adoption in my bitcoin holding with following the DCA method I made and also there is no question for selling Bitcoin in my case.
Well thats even better that you have a LONG TERM holding plans because i seem to find this market now going crazy
and there are less chance that we will be seeing any time hyping as there is no good news coming aside from we are in halving
season yet months after we are still stock in this part.
If we look back to the May month then the think we finds difference in between the June and may that the bullish market start in end of May month and here the June month starting with the Bullish market but now we are seeing market is recovering at the middle of June I think it can continue like one week and end of June we may see the bitcoin price crosses 70k again. So in this case I will say who did regular accumulation of bitcoin with DCA method they should spot and if they have plan for accumulate some they can take the chances now.
so what is your take in this topic mate? because the market is just making up and down for this whole year now favoring
those BuyLow SellHigh and that is what some makes money though
I am keeping my funds HODLing because I trust this market now as we are in Halving effect that for sure anytime this year
or early next year there will be big time coming.
I've been waiting for weeks to reach the price at $63k where people don't believe that it should go back there before going up. Honestly, I'm not surprise if the price will continue to go deeper because imbalance is also a liquidity. When the price hit that area there is a possibility it will cause impulsive up move. As long as you didn't sell, you are still safe and will gain much in the future.
So you are prepared for the current decline, of course you also buy at a cheaper price.
I am also looking forward to this decline and I already expected there will be a decline and it is indeed needed for a good market, because there will be an increase after this and it could be higher.
I still have small amount waiting in my pocket now to buy more when the market drops to 60k or bellow .
That's good. Always buy when the price is cheaper. But we don't know how cheap will be the price before it goes up. That's why we should learn to analyze the market so that there will be a higher chance to catch the cheapest price. I don't want the price to go down but this is what I saw in the chart and I'm still looking forward for the big pump soon.
yups , I kept having at least enough amount in my USDT holding readying anytime the bitcoin price drops cheaper
and to add chunks in my bitcoin holdings.
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My opinion is that you should not expect the price to go up significantly in the next few months, and maybe one of the more important reasons for that is that summer has started in the northern hemisphere and that many people will go on trips/vacations. Given that the majority of investors in BTC are from those parts of the world, we have a similar situation every year at this time.
TBH, I'm not expecting much from the upcoming few months but yup there's always hope,I would like to accumulate with time, as you know there will be some good opportunities, in the consolidation period, Hmm from that point of view seems like Q2 is gonna boring for the Bitcoin.
Boring for some, for others who enjoy profit or for those who want to invest as cheaply as possible, maybe it's not so boring. I would wait for Q4 for some more serious action, although the rule is that there are no rules, everything is possible.
The outflow of funds, hmm this is interesting because i haven't heard of any such news, anyway, this is not a big deal, I'm curious about China there were some rumors that they may manipulate things again that will be a big move in the market.
How is that not something important? We owe the current price to the fact that ETFs have bought over 500k BTC since the beginning of the year, but every time they start selling without new inflows, the price goes down. I haven't heard anything about China other than the speculations that have been circulating for years - the only thing that happened was related to Hong Kong and their spot ETF, but the whole thing is pretty insignificant.
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When we know that there is currently a downtrend, we make good use of this moment. Our decision to make a profit in Bitcoin depends on how we buy Bitcoin. If we buy at a price when it collapses like this then there is the potential to make a profit. Until the end of this year we will not be able to know how the Bitcoin price will move. The rise and fall of the Bitcoin price depends on the whales controlling the price.
Yes during the downtrend we should make good use of our money to buy bitcoin and other altcoins but unfortunately most of the people are unaware of this fact and they decide to sell their coin when they see that the market is going down.
Everything and every situation has its own function but if we think deeply about it without getting help from our emotions. Bitcoin will surely go higher and lower so it is not necessary that we will just experience bull season but we should also be ready for bear season as both are beneficial if we use our expertise and money according to the situation.
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Yes during the downtrend we should make good use of our money to buy bitcoin and other altcoins but unfortunately most of the people are unaware of this fact and they decide to sell their coin when they see that the market is going down.
Everything and every situation has its own function but if we think deeply about it without getting help from our emotions. Bitcoin will surely go higher and lower so it is not necessary that we will just experience bull season but we should also be ready for bear season as both are beneficial if we use our expertise and money according to the situation.
Keep manage well when purchasing bitcoin although on downtrend moment, not recommended all in our capital for investing in bitcoin or altcoin because after dip price always have another dip price.
So allocated around 40% right now during bitcoin on downtrend moment but keep hold your capital around 60% more preparation if bitcoin got decreasing drastically anytime.
I got bad moment when all in my capital after bitcoin price decreasing, but few days later bitcoin reach another lower price and get possibility I can invest on other lower price of bitcoin but all my capital have all in before.
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Well thats even better that you have a LONG TERM holding plans because i seem to find this market now going crazy
and there are less chance that we will be seeing any time hyping as there is no good news coming aside from we are in halving
season yet months after we are still stock in this part.
I don't think market is going on crazy I think market is on its own way. And if I talking about this little dump then I had to say it is also a normal correction what bitcoin taking regularly. Like before this downish market we have already seen that Bitcoin cross 70k.
I think those who are doing long term investment with with DCA method those should have take this chance.
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TBH, I'm not expecting much from the upcoming few months but yup there's always hope,I would like to accumulate with time, as you know there will be some good opportunities, in the consolidation period, Hmm from that point of view seems like Q2 is gonna boring for the Bitcoin.
The problem is not the boringness but the thing that we had a ton of hyped events, even ordinals and runes still brought money to the table, all other hypes like meme coins and so on, and yet, despite even the real-world economy going better and talk of interest cuts we're not seeing that much positivity n the market, seems like fuel is running low.
The outflow of funds, hmm this is interesting because i haven't heard of any such news, anyway, this is not a big deal,
ETFs are what brought us to 70k, a rout there can bring us to under 50k also, they were for almost 6 months the one that mattered in the market, and if those guys investing there feel like selling there will be little buying sentiment anywhere else, don't underestimate that money flow.
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Well thats even better that you have a LONG TERM holding plans because i seem to find this market now going crazy
and there are less chance that we will be seeing any time hyping as there is no good news coming aside from we are in halving
season yet months after we are still stock in this part.
I don't think market is going on crazy I think market is on its own way. And if I talking about this little dump then I had to say it is also a normal correction what bitcoin taking regularly. Like before this downish market we have already seen that Bitcoin cross 70k.
I think those who are doing long term investment with with DCA method those should have take this chance.
Hmm, i won't dare to call it a normal correction, but yup it's a normal scenario but its not a correction phase that's a pure consolidation zone as always. We can say that this is the phase to eliminate most of the weak hands holding assets. DCA is worth mentioning i do support this strategy in such kind of market. TBH DCA is the safest strategy for now, as you dont know about the downtrend nor you are aware of the market's bullish action, so the best way is to DCA your investment to secure a position.
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Well thats even better that you have a LONG TERM holding plans because i seem to find this market now going crazy
and there are less chance that we will be seeing any time hyping as there is no good news coming aside from we are in halving
season yet months after we are still stock in this part.
I don't think market is going on crazy I think market is on its own way. And if I talking about this little dump then I had to say it is also a normal correction what bitcoin taking regularly. Like before this downish market we have already seen that Bitcoin cross 70k.
I think those who are doing long term investment with with DCA method those should have take this chance.
Hmm, i won't dare to call it a normal correction, but yup it's a normal scenario but its not a correction phase that's a pure consolidation zone as always. We can say that this is the phase to eliminate most of the weak hands holding assets. DCA is worth mentioning i do support this strategy in such kind of market. TBH DCA is the safest strategy for now, as you dont know about the downtrend nor you are aware of the market's bullish action, so the best way is to DCA your investment to secure a position.
I don't differentiate correction from consolidation stage because the purpose is the same (if not almost) ;D
Anyway, the market is heading in sideways direction with price bouncing around upper $60K to lower $70K. Maybe an occasional dip to upper $50K if some whales decides to accumulate more or if BTC is still in $60K with Black Friday sale just around the corner.
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That's good. Always buy when the price is cheaper. But we don't know how cheap will be the price before it goes up. That's why we should learn to analyze the market so that there will be a higher chance to catch the cheapest price. I don't want the price to go down but this is what I saw in the chart and I'm still looking forward for the big pump soon.
Rather waiting for a dip or more favourable time to buy, deploying the DCA strategy would be a lot more better, since you cannot be able to completely predict the next direction of the market, because this way you get the opportunity to buy at different prices.
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Rather waiting for a dip or more favourable time to buy, deploying the DCA strategy would be a lot more better, since you cannot be able to completely predict the next direction of the market, because this way you get the opportunity to buy at different prices.
I have been implementing the DCA strategy for over a year and am quite satisfied with the profits. However, I also do not discourage a professional trader from focusing on buying low and selling high to optimize profits or have a good night's sleep after a stressful trading day. Each person has a different financial position and ability, we act according to what we believe and expect, I do not dare to give financial advice but if an inexperienced investor is feeling overwhelmed, then DCAing at this time may be a safe decision.
June took place with many boring and negative price fluctuations. BTC price continued to move sideways while many ALTS have decreased by 20-50%, causing investors to doubt and worry about the state of the market. Even many investors are afraid that a black swan event will occur and bring BTC price back to the bottom zone ~ $16K again before the official bullrun takes place. I think at this time we need to be patient and less worried to avoid hasty and wrong actions. I believe that the bullrun will come and bring profits to those who deserve it!
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Well thats even better that you have a LONG TERM holding plans because i seem to find this market now going crazy
and there are less chance that we will be seeing any time hyping as there is no good news coming aside from we are in halving
season yet months after we are still stock in this part.
I don't think market is going on crazy I think market is on its own way. And if I talking about this little dump then I had to say it is also a normal correction what bitcoin taking regularly. Like before this downish market we have already seen that Bitcoin cross 70k.
I think those who are doing long term investment with with DCA method those should have take this chance.
actually the craziness of this market starts early this year and up to now you can see its happening , how can you find this kind of market movement
when we are in the months after the halving? in the past situation like this we can really see that the movement is only going two sides and those are
going up and going down , but now we can find the market having stagnant positioning in same level like 64k , then will go up to 67k for a week then so on , for me this sounds a crazy market .,
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~snip~
Even many investors are afraid that a black swan event will occur and bring BTC price back to the bottom zone ~ $16K again before the official bullrun takes place. I think at this time we need to be patient and less worried to avoid hasty and wrong actions. I believe that the bullrun will come and bring profits to those who deserve it!
I would give such a possibility a very small chance, maybe 5% at the most when it comes to falling to that value. If we go back, we can see that this price was caused by not one, but two black swan events, if we can call them that, considering that the Do Kwon project was doomed from the beginning, while the FTX with Bankman was doomed, it was only a matter of time.
Even in the event of a pandemic, the price of BTC fell by 50%, so in a worst-case scenario, I don't see it going lower than that. I also believe that a new bull run awaits us in the rest of the year and next year, although we should be honest and say that many have already profited, given that we already had one bull run thanks to the approval of spot ETFs.
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That's good. Always buy when the price is cheaper. But we don't know how cheap will be the price before it goes up. That's why we should learn to analyze the market so that there will be a higher chance to catch the cheapest price. I don't want the price to go down but this is what I saw in the chart and I'm still looking forward for the big pump soon.
Rather waiting for a dip or more favourable time to buy, deploying the DCA strategy would be a lot more better, since you cannot be able to completely predict the next direction of the market, because this way you get the opportunity to buy at different prices.
None of us can truly foresee the current direction of the market, whether it is heading for a correction of price or a bull run. However, in order to avoid any of these surprises, it will be absolutely necessary to implement a DCA strategy so that the market does not catch you off guard, causing you to complain or blame yourself for not investing when you had the opportunity to.
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I'm still waiting for some time to come... because I believe the market will really bounce with a high bounce... at least in several analyzes by many people regarding the Bitcoin halving, the minimum top point that can be reached and is still logical is $80k and above... this target should be low, considering that Bitcoin has currently gained enough trust from institutional investors such as MicroStrategy.
Rather than taking stupid steps like I've done in the past, the best way now is to wait for a bounce. And don't forget to net Bitcoin at a very cheap price to fill our bags again when it turns out the price experiences another correction.
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Well thats even better that you have a LONG TERM holding plans because i seem to find this market now going crazy
and there are less chance that we will be seeing any time hyping as there is no good news coming aside from we are in halving
season yet months after we are still stock in this part.
I don't think market is going on crazy I think market is on its own way. And if I talking about this little dump then I had to say it is also a normal correction what bitcoin taking regularly. Like before this downish market we have already seen that Bitcoin cross 70k.
I think those who are doing long term investment with with DCA method those should have take this chance.
Hmm, i won't dare to call it a normal correction, but yup it's a normal scenario but its not a correction phase that's a pure consolidation zone as always. We can say that this is the phase to eliminate most of the weak hands holding assets. DCA is worth mentioning i do support this strategy in such kind of market. TBH DCA is the safest strategy for now, as you dont know about the downtrend nor you are aware of the market's bullish action, so the best way is to DCA your investment to secure a position.
In market trends like this where we are not certain what tend it is or when will the trend end, it best to just employ DCA and keep making those deposits. Those who are into long term holding will definitely not have any thing to worry about and that is why I love long term trade. It helps you stay focused, discipline and comfortable even while you are making your Bitcoin accumulation. However it seems the price of bitcoin is beginning to appreciate in value this might be the beginning of a new trend.
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In market trends like this where we are not certain what tend it is or when will the trend end, it best to just employ DCA and keep making those deposits. Those who are into long term holding will definitely not have any thing to worry about and that is why I love long term trade. It helps you stay focused, discipline and comfortable even while you are making your Bitcoin accumulation. However it seems the price of bitcoin is beginning to appreciate in value this might be the beginning of a new trend.
me too, I also like long-term trading, because it is safer and more profitable for those who don't do daily trading for various reasons, for example they don't have the time or don't have trading skills. Holding for the long term is the best step we can take, if daily trading is not the main choice. Because by buying during the bearish season, maybe 2022 -2023 is the right time to buy. And we hold, waiting for the ATH that matches the target we have planned.
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Rather than taking stupid steps like I've done in the past, the best way now is to wait for a bounce. And don't forget to net Bitcoin at a very cheap price to fill our bags again when it turns out the price experiences another correction.
I still get secondhand embarrassment whenever I remember how panicky I was in the past and failed to capitalize on a good entry or exit point to secure profit. Some analyses that I read also suggest that we will likely see another pump near the end of the year if the pattern is still there, so I'd bet on that and put on a stop-loss for now. My cold storage will remain untouched for the foreseeable future though.
Because by buying during the bearish season, maybe 2022 -2023 is the right time to buy. And we hold, waiting for the ATH that matches the target we have planned.
Unfortunately, it's really difficult for most people to find the right timing to buy when a bear market hits. Most of the time they're trying to catch a falling knife instead. I guess DCA can alleviate this issue as long as they can be disciplined.
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The volatility of Bitcoin is parallel and can also be divergence so with the current flaunting of the market condition, it seems an opportunity to accumulate more and get stacked in my walle.
It is a good strategy to always take your portion at when you think the market is okay for you. To me now it is preferred to purchase more coins to my asset while I know that when the market kicks up, I may only be able to purchase little values due to market increase.
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A bit of a reminder that some got the wrong definition of FUD!
Facts You Don't Like is not FUD, one must understand that in every market will be negatives, sticking your head in the sand and saying everything will be fine will not always work for you.
Even in the event of a pandemic, the price of BTC fell by 50%, so in a worst-case scenario, I don't see it going lower than that. I also believe that a new bull run awaits us in the rest of the year and next year, although we should be honest and say that many have already profited, given that we already had one bull run thanks to the approval of spot ETFs.
Eh, even 50% depends on what is that 50% from..
One could easily take a 94% drop when BTC was at 2$, and had barely 100$ in it, but losing even 50k out of 100k starts being different.
As for the ETFs I'm not putting much faith or hope in it, the interest rates are what will trigger it in my opinion, not this June as it's clearly they will not change it but probably September!
Of course, if Israel invades southern Lebanon and Iran runs amok in the straights prepare for the bears of winter.
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The way the Bitcoin market is going right now seems to be doing a lot of good. Long-term holders of Bitcoin will do well if they hold until 2025.Again, those who want to invest in Bitcoin have to take a risk.Because they are in panic because of some wrong information.Because we all know it is very profitable. If they want to invest in this time then they should have good idea about investment.They can hope for something good.
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Hi fellows...
In a couple of days market is in another mood especially, what do you guys think about the month of JUNE for Bitcoin, I've explained my views in many posts on different topics and how according to my experience market will behave in the coming weeks even in July. The market is in kind of swinging mode, how you are taking this are you planning for regular accumulation in BTC or waiting for a clear turning point?
Also mention where you think the market can take a turn, what are the levels to watch in your views
Note this topic is to get a clear view of the community as there are very few topics with mixed discussion so I thought why not collect the particular comment under a single topic.
Well, I am not a trader but for me, June wasn't really a good month for bitcoin, and the rest of the cryptocurrency market, with the current downturn of the general market after bitcoin recorded the new all time high it did in the first quarter of this year, it's kind of unfortunate that announce that I am currently down by more than half of the value or worth of my entire portfolio at the time bitcoin was a little above $70k.
There is an Altcoin I bought $500 worth at $0.23 each, but right now, that same Altcoin is selling for $0.08 each, but I am not panicking, this is actually a very good buying opportunity if only there were any Extra money laying around.. But again, I am hoping and believing that the market will start to recover fully again by the ending of July going into August.
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The way Bitcoin is moving right now, I don't think the price of Bitcoin can change very quickly. Because right now we can call the market bearish. Because bitcoin is currently worth 61k which is a dump. It may cross all-time highs when the real bull run begins. Which I think it could be by the end of this year.
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The way Bitcoin is moving right now, I don't think the price of Bitcoin can change very quickly. Because right now we can call the market bearish. Because bitcoin is currently worth 61k which is a dump. It may cross all-time highs when the real bull run begins. Which I think it could be by the end of this year.
Bitcoin has experienced another decline, and currently the price of bitcoin is $58K, after previously touching $56K. keep holding bitcoin and wait until the price rises again and touches a new ATH. Some people will panic and maybe some will sell at a loss, this happens to newbies. We should buy a few more potential coins to add to the collection in our wallet, we can buy bitcoin, ethereum, BNB, Solana , TRX, Ripple and TON.
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The way Bitcoin is moving right now, I don't think the price of Bitcoin can change very quickly. Because right now we can call the market bearish. Because bitcoin is currently worth 61k which is a dump. It may cross all-time highs when the real bull run begins. Which I think it could be by the end of this year.
61k is not a dump but yup from the peak momentum we are still in the correction zone, and for the rest, I can agree with you that Bitcoin is not showing good bullish momentum and this is not gonna be changed anytime soon, in my analysis and speculation we are stuck in a dead zone, means we need to stay here and survive this pressure for a long period in order to bounce back and hit a new ATH.
I've seen people getting tired of this range and here a mini capitulation can also play a big role in the accumulation of the whales, just be patient in this scene, try to hodl, and accumulate at cheap if you feel like it.