Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: SmartGold01 on August 16, 2024, 09:56:43 AM
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
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Bitcoin fell below $49000 this month. But I can not say it is the worst month because the price increased back. You can see bitcoin above $58000 now. It got to this price in 3 previous months. Bitcoin got to $59200 after all-time high a month and 2 months after all-time high.
I do not know what bitcoin would be. But I do not think it can get below $50000 easily. In the next 2 to 3 months, I guess bitcoin price would have increased above $60000 again.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
For some people, for professional traders this is actually the best month)) since they earned both on the fall and on the rise and earned as much as for several months of trading, this is bad only for those who do not know how to trade or who urgently needed funds at the time of a strong fall,
The stock exchange is not a toy for ordinary people and as a rule they are carried out feet first)) because they think that they can earn there by watching just a couple of videos from some bloggers))
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You have to have "eyes" on the price edges, since your vision is not always correct. We have had worse months, and in fact they have been interesting weeks to be in acceptable profit margins.
That is the dilemma with those who do monthly or weekly Hodl, I mean if you were looking at this recent price range to trading, you surely wouldn't have to think... when the next ATH will come. If you are in Hodl mode, the analysis periods cannot be weeks, never.
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but I believe we may not witness any significant price increase in this remaining 15 days.
i think so too but i also do not think it will go down too much past the lowest we have had this month but that is very hopeful thinking if it still goes down and it goes lower than 50k then a lot may start worrying
I want to know is there possibility to soar above this current price?
like you said we can never know for sure but i also do not think it can break past 70k at the end of the month all the increase in price we may see in the next few months already
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date,
No this is not the worst month this year even though the dump has been the dippest we have experienced but in terms of market open and close. This month opened at a $64k region and now it’s at $59k, although it dipped to $48k, which which is just a -6% dipped from the market open price and the market closed price. The worst month will be the month of April which had opened at $71k and close at $59k which is a -13% difference so it is clearly the worst month of the year. Even the month of June is almost same as that of August
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date,
No this is not the worst month this year even though the dump has been the dippest we have experienced but in terms of market open and close. This month opened at a $64k region and now it’s at $59k, although it dipped to $48k, which which is just a -6% dipped from the market open price and the market closed price. The worst month will be the month of April which had opened at $71k and close at $59k which is a -13% difference so it is clearly the worst month of the year. Even the month of June is almost same as that of August
That's how we all see the volatility of bitcoin, you are right the worst month was April with a -13% drop finally bitcoin went up again. We don't have to think this will last long, because as far as I know we will see the price of bitcoin go up beyond the previous ATH after experiencing a sharp correction.
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I believe the last two weeks of August will be highly favorable for the crypto market, with Bitcoin potentially reaching the $70,000 mark. As we move into September, positive news from the Federal Reserve, such as the first interest rate cuts, could boost the entire financial market. This would likely trigger Bitcoin's final wave of growth, which I anticipate will be nothing short of extraordinary.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
For some people, for professional traders this is actually the best month)) since they earned both on the fall and on the rise and earned as much as for several months of trading, this is bad only for those who do not know how to trade or who urgently needed funds at the time of a strong fall,
The stock exchange is not a toy for ordinary people and as a rule they are carried out feet first)) because they think that they can earn there by watching just a couple of videos from some bloggers))
That's why it's advisable to do DCA for those who doesn't know how to utilize the market opportunities or trading the market, the best is to DCA'ing because as the market falls very sharp they could DCA with the available amounts with them when there is sharp recovery they could also make profits from their investment.
That's why it's not encouraging to have a one buy off where the investors could buy in large volume and still the market drop while they lose in their portfolio.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date,
No this is not the worst month this year even though the dump has been the dippest we have experienced but in terms of market open and close. This month opened at a $64k region and now it’s at $59k, although it dipped to $48k, which which is just a -6% dipped from the market open price and the market closed price. The worst month will be the month of April which had opened at $71k and close at $59k which is a -13% difference so it is clearly the worst month of the year. Even the month of June is almost same as that of August
As fa as crypto market price movements are concerned, there is no actually a bad month, many times the market go down coincidentally with the months and it is based on the demand and supply principles playing out. Again, there are also market makers (whales) that may want to control the market at certain times that may concide with a particular month.
Also, Bitcoin has its circle of movements or patterns; this patterns are being followed by analysist and forecasters.and they play out at any month. I do not follow months but the charts with both TA/FA that help me to determine the next bitcoin moves.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
I'm bullish on Bitcoin in the month of September for one reason I know and that's is the release of CZ. He has always been there for the community and the community also has been there for him too, if there is an announcement of his release and specific date, his image will alone will give investors that crypto is in safe hands and if he want to cause another green big candle, a tweet from him is enough to do that because of his influence.
All this are temporary actually but it will go along way and there could be more hidden news that we don't know, it's possible more will come after his release. Who knows? Only Bitcoin can tell.
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Bitcoin market has moved from 57.5K to pumping due to dumping which is currently at 59k.However,for a long time I have seen a big dumping when the Bitcoin market is pumping, so the way things are going right now after this dumping, it looks like there are a lot of good things to come which can be estimated to reach 70K.
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I'm bullish on Bitcoin in the month of September for one reason I know and that's is the release of CZ. He has always been there for the community and the community also has been there for him too, if there is an announcement of his release and specific date, his image will alone will give investors that crypto is in safe hands and if he want to cause another green big candle, a tweet from him is enough to do that because of his influence.
All this are temporary actually but it will go along way and there could be more hidden news that we don't know, it's possible more will come after his release. Who knows? Only Bitcoin can tell.
Well, I'm also optimistic about BTC price in September but I don't think CZ return can have an immediate positive impact on the crypto market, if any, it's only on BNB price ^^
I'm referring to the end of the correction wave that BTC is going through, and September could be the first time the FED will cut interest rates after 2 consecutive years of increasing and keeping rates at a very high level. Lower interest rates could boost cash flow in the economy and the crypto market will also receive a positive impact.
For now, I think BTC will continue to move sideways in the last 2 weeks of August, I don't see any signs suggesting a sudden increase or decrease in the BTC price chart.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
We're only halfway through the month, and if you will look at the current price movements, the worst month of the year for Bitcoin is during the month of April where price of Bitcoin ended up going down -14.76%. Right now, Bitcoin is down -8.15% month-to-date. We still have 2 weeks left and who knows. We might see Bitcoin going down even further (and can be the worst month), or the opposite might happen. Anyway, you can see the data here:
https://www.coinglass.com/today
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
There's always a possibility and in fact, we believe that there's always a possibility for everything. One news might affect the price of Bitcoin, but we've seen Bitcoin's price moving up even though there aren't any news online or events that happened. Nevertheless, even though that Bitcoin will end up on the red candle this month, I'm still optimistic not only with Bitcoin, but the whole market as well.
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Such a worst month can be profitable for many individuals who wants to make investments because the price fluctuates regularly which was suitable for both buying and selling based on a person's profit. The remaining weeks cannot be easily predicted because the crypto market is not stable and we can experience every sort of conditions from decrease to increase and from increase to increase.
News and whales can cause major changes in the price of Bitcoin so everyone is in desire to see a huge pump in coming days but who knows what the situation will be in coming hours or days. I think a better price will be there in coming months because it has been predicted that the year of 2025 will be a bull season.
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Bitcoin market has moved from 57.5K to pumping due to dumping which is currently at 59k.However,for a long time I have seen a big dumping when the Bitcoin market is pumping, so the way things are going right now after this dumping, it looks like there are a lot of good things to come which can be estimated to reach 70K.
I have been so busy in real life to the extent that I could not even be able to check the Bitcoin price. Honestly the month of August did not do well for us in this bitcoin industry. I am at total loss in my portfolio and I don't know when this trend will reverse. Everything is just not as expected. There is a lot of tension and skepticism in the market right now. Some people are saying that bull run has come and gone while majority is confident that the major bullrun is yet to come. Well, I do not think that this month has another suprise for us. Things will remain indifferent.
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No one knows in the next two weeks whether bitcoin will remain stagnant or will experience an increase but as far as I know it seems that bitcoin will not experience a significant increase, it could be that my speculation is wrong.
Given that this month has experienced a severe decline that can only recover to the price of $60K so this will not soar to $70K but for the next month we need to think about predictions again.
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Bitcoin fell below $49000 this month. But I can not say it is the worst month because the price increased back. You can see bitcoin above $58000 now. It got to this price in 3 previous months. Bitcoin got to $59200 after all-time high a month and 2 months after all-time high.
I do not know what bitcoin would be. But I do not think it can get below $50000 easily. In the next 2 to 3 months, I guess bitcoin price would have increased above $60000 again.
there is a possibility that price will once again dip to that $49000 again in the next 2 weeks and Sept will start green half a month and the next half will be red again. we patterns all the time in the market and sometimes it becomes predictable yet not very predictable.
maybe this is why the price weren't dumped much. people are hopeful that price will go up to $100k this year, can;t blame them when BTC is is hyped already by presidential nominees.
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I want to know is there possibility to soar above this current price?
You can join the discussion.
Its more like a roller coaster ride. We started the month of August where Bitcoin is at $65 and after a few days it dropped to $53, This is how volatile the market is, what you expected will not happen and what you don't expect to happen will happen.
right now Bitctoin is struggling to get back to its August highest price. hopefully Bitcoin will recover before the end of the month and September is the start of something great for Bitcoin.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
For some people, for professional traders this is actually the best month)) since they earned both on the fall and on the rise and earned as much as for several months of trading, this is bad only for those who do not know how to trade or who urgently needed funds at the time of a strong fall,
The stock exchange is not a toy for ordinary people and as a rule they are carried out feet first)) because they think that they can earn there by watching just a couple of videos from some bloggers))
That's why it's advisable to do DCA for those who doesn't know how to utilize the market opportunities or trading the market, the best is to DCA'ing because as the market falls very sharp they could DCA with the available amounts with them when there is sharp recovery they could also make profits from their investment.
That's why it's not encouraging to have a one buy off where the investors could buy in large volume and still the market drop while they lose in their portfolio.
Yes, you are right, but I will tell you that DCA works only for those who clearly understand how to use it and are not prone to panic, plus DCA is only suitable for those who have a better income and a person can afford to freeze an indefinite amount of money for several years, 3-5 years minimum, such people are usually few and far between and everyone who comes to cryptocurrency wants to get a super profit very quickly and preferably within a year without doing anything and when they use DCA, in the end, after a year, they can even see a minus in the dollar balance and not a profit and sell everything.
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It's still 2 months left, haha I won't be surprised if the market shakes the holders once more, the market was around the 65k price range when August started and there was a massive dump to almost 48k and after that, we all know the market is making recover and again dropping to 55k level and so on. TBH in my view august might close in positive haha after this whole mess of volatility.
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~although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
September may be a better month for Bitcoin but I think there is still no huge pump in Bitcoin price. Bitcoin price may try to stay above $60k in September but I'm still very doubtful if Bitcoin will cross its ATH ($73k). For the remaining days of this month, I agree that there is a small chance to see a significant change in Bitcoin price.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
Of course, there is always a chance that Bitcoin can go higher. The current price is $59k, Bitcoin price may be above $60k in the next few days. However, I think we are still not in the right time to have another new ATH. IMO, Bitcoin price still stays below $70k until the next month.
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- As far as I can see, the month of August is like a sea with calm waves, as if the price of Bitcoin does not move much. It seems that the whole month of August is a period of consolidation.
That length of time will also be good when the Bitcoin price starts to rise in the market, and I am pretty sure that many will chase it, but they will have a hard time chasing it at the price of Bitcoin until they are forced to buy even though the price has gradually increased.
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but I believe we may not witness any significant price increase in this remaining 15 days.
Who will even know what the remaining days of August end will be like if Bitcoin would stay stagnant at a price range of $58k-$60k or moves between $62k above? Whichever price it chooses, I believe the opportunity to buy more Bitcoin through the DCA strategy never stops.
I want to know is there possibility to soar above this current price?
That's what nobody can ascertain to, other than buy and hodl Bitcoin till when you feel like selling some part of your Bitcoin for profits
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It's still 2 months left, haha I won't be surprised if the market shakes the holders once more, the market was around the 65k price range when August started and there was a massive dump to almost 48k and after that, we all know the market is making recover and again dropping to 55k level and so on. TBH in my view august might close in positive haha after this whole mess of volatility.
The first day of August saw a favorable situation for Bitcoin, but within a few days, it again fell. In the past few months Bitcoin hit lows but managed to recover. There is still about 1 week more days left of this month. It is highly likely that there will be no major changes. But I can expect Bitcoin to stay above $62k until the end of August. Although the market is slightly bearish due to cell pressure but it may recover soon.
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I want to know is there possibility to soar above this current price?
That is an error in being sighted as investors market sentiments, while we are overwhelmed that Bitcoin price is being so dull to be impressive for investors at this month of August, let us recall that the price of Bitcoin was sometimes below $35K and has gradually appreciated to this days of $60K maximum price after it has formally hitted $73K at ATH.
It really feels funny and devastating trying to manipulate the market to appreciate based on price Interests because buyers who are accumulating are taking chances at the current time.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
August is almost finished and I don't think Bitcoin will increase in price again This august but I believe Bitcoin will grow or add in price again before this year will finish but it won't add that big, people were expecting Bitcoin to hit $100k this year I don't see it coming to pass this year but by next year Bitcoin will hit $100k, it is something that is already very close and I don't see why some people are still doubting, if you go through the history of Bitcoin you will know that truly Bitcoin will even grow more than $100k next the growth of Bitcoin is so wonderful and even when the government tried to stop it, it didn't work it was still growing bigger and better and they had no option but to accept it.
For me I don't see anything bad in August Bitcoin was in dip and now it has gone up again, we had a little bit of increase.
No month inside this year will make Bitcoin hit $100k so let's not hope on it, what will happen this remaining month in this year is dip and increase and next year there will be a great increase in Bitcoin.
I don't know why some people still don't believe Bitcoin will keep growing bigger and better someone said the other day that Bitcoin will fall to $30k very soon, this will never happen no dip in Bitcoin will reach that level again.
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- As far as I can see, the month of August is like a sea with calm waves, as if the price of Bitcoin does not move much. It seems that the whole month of August is a period of consolidation.
That length of time will also be good when the Bitcoin price starts to rise in the market, and I am pretty sure that many will chase it, but they will have a hard time chasing it at the price of Bitcoin until they are forced to buy even though the price has gradually increased.
Yes, it seems like bitcoin is struggling in August, having difficulty rising again approaching ATH. Some even predict that this will happen until October this year, I just wait and keep holding my coins while doing my business as a trader. Because the market is also not so good for getting a lot of profit but from daily trading I can get profit to add to my crypto assets.
August is almost finished and I don't think Bitcoin will increase in price again This august but I believe Bitcoin will grow or add in price again before this year will finish but it won't add that big, people were expecting Bitcoin to hit $100k this year I don't see it coming to pass this year but by next year Bitcoin will hit $100k,
Agree with you, it seems like the price of bitcoin will reach $100K next year, if it happens this year it will probably happen in November or December.
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Price this month is quite volatile and it plummeted that fast but also recovered quickly and seems we're staying on the sideways but let's wait for the last quarter of the year if something good will come since it is inevitable to change direction especially if somethig significant is happening so yeah better to observe the market.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
it could tank it could rally. long term say 2-4 years it should be over 100k. shorter it is just a guess. So I will guess it reaches 70k.
now the Ukraine vs Russia war had an interesting shift a few days ago maybe this will end that conflict which surely would move prices up.
Or maybe Putin says fuck this shit and nukes Ukraine which would surely tank everything.
https://www.reuters.com/world/europe/how-russia-looked-wrong-way-ukraine-invaded-2024-08-17/
I think this action in that war will be an important event this month and cause market shifts.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
I totallity I won't agree with the statement that the month of August is the worst month for bitcoin market because at some point, we saw how bitcoin break even on multiple occasions, even though the price could not sustain such a break out and was forced to retrieve back each time such attempt was made by bitcoin.
Lastly I think 2 weeks is still a good time. E for bitcoin to be able to prove you wrong that this month wasn't actually the worst month but we have to accept the fact that August wasn't a good month for bitcoin market also, with lots of resistance movement all through the first half of the month.
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Two weeks is still a long time from now and between now and then anything can happen in the market and what we least expect could also be the case by the end of the month. Being the worst month so far for bitcoin doesn’t mean it won’t still be the best month for the remaining days we have left. Ever since the halving and the the bitcoin price continues to fluctuates and not given us a definite direction whether up or down, I’ve made up my mind to just take whatever comes from the market and nothing that happens now will surprise me that much again. At this point, the market can’t be predicted again and whatever comes from it should just be accepted.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days. But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
This year, the month of August really played its famous tag as the "ghost" month and we witnessed the many things that are not generally good but despite of everything the market stood proud and tall ready for what September may bring into the scene. I am seeing a mixture of excitement and gloominess as we entering the last quarter of the year and this is expounded a lot with the coming November election which created more uncertainties and fear on the market. I am still hoping though that Bitcoin will be stable and stay on the $70K level before December ends.
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Such a worst month can be profitable for many individuals who wants to make investments because the price fluctuates regularly which was suitable for both buying and selling based on a person's profit. The remaining weeks cannot be easily predicted because the crypto market is not stable and we can experience every sort of conditions from decrease to increase and from increase to increase.
News and whales can cause major changes in the price of Bitcoin so everyone is in desire to see a huge pump in coming days but who knows what the situation will be in coming hours or days. I think a better price will be there in coming months because it has been predicted that the year of 2025 will be a bull season.
From my perspective, the market will struggle for the next few weeks, maybe even until the end of September. This is a good time to buy, let's just wait for the bitcoin price to drop again where we can buy bitcoin and hold it until the end of this year. The market seems unstable and difficult to predict, but I think this always happens before the bullish season.
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Two weeks is still a long time from now and between now and then anything can happen in the market and what we least expect could also be the case by the end of the month.
Yes, indeed..
Because after all, market movements can change drastically in a few hours.. Unless you take analysis from monthly indicators, and their graphic patterns. That might be able to predict the possibility of market movements.
However, this is outside of various news. Because, usually all news that is big news will have a significant influence on market changes.
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From my perspective, the market will struggle for the next few weeks, maybe even until the end of September. This is a good time to buy, let's just wait for the bitcoin price to drop again where we can buy bitcoin and hold it until the end of this year. The market seems unstable and difficult to predict, but I think this always happens before the bullish season.
Maybe you can buy gradually when the market is unpredictable like today.
The market tends to be inconsistent and the price of Bitcoin is still playing at the price of $58k-$59k and the price like today is often before the bullish period arrives.
It is only necessary to collect more bitcoins in preparation for the bull later and make good use of this opportunity.
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You know the price of any cryptocurrency fluctuates according to the quality of the news. If the news has the potential to attract people's attention, then there is no doubt the price will increase, and similarly, on the other hand, it can decrease. So in August, we haven't heard such news until now, nor have we seen any significant moves in the price. However, one cannot fully predict the future of Bitcoin, and maybe the remaining days of August will contribute to an increase in the price, or it is possible that September will be the month for Bitcoin. Experts are also not sure whether the price will go up or further down.
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After analyzing your comments, I said something myself. Regarding the Bitcoin market situation. In the current market situation, there may be a significant increase in the price of Bitcoin but it will depend on economic data, market sentiment, and outside news. Investors should be cautious and watch for important levels and news that may affect the market's trajectory. Although you rightly point out that it is difficult to predict, Bitcoin price may show a positive trend in September, especially if there is no major downturn in the market and if positive. The catalyst is generated. September may historically be a volatile month, but it can also be a time of recovery if investors reassess market risks and rewards.
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You know the price of any cryptocurrency fluctuates according to the quality of the news. If the news has the potential to attract people's attention, then there is no doubt the price will increase, and similarly, on the other hand, it can decrease. So in August, we haven't heard such news until now, nor have we seen any significant moves in the price. However, one cannot fully predict the future of Bitcoin, and maybe the remaining days of August will contribute to an increase in the price, or it is possible that September will be the month for Bitcoin. Experts are also not sure whether the price will go up or further down.
You mean you have not heard/read anything about the ongoing distribution of refunds to Mt. Gox victims? Although I think the market will also absorb the potential massive selling of BTC, it will still have an effect on the psyche of investors.
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From my perspective, the market will struggle for the next few weeks, maybe even until the end of September. This is a good time to buy, let's just wait for the bitcoin price to drop again where we can buy bitcoin and hold it until the end of this year. The market seems unstable and difficult to predict, but I think this always happens before the bullish season.
I guess you make this prediction based on the history of Bitcoin monthly return, is it true? Yes, according the history, the price looks like to struggle an tends to decrease in August and September. It is difficult to expect the big increase in the near future. You're right, this is the time to buy Bitcoin and some potential altcoins. I also personally think we can have good market trend again in the end of the year. Probably November and December, it seems to be good months for crypto.
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After analyzing your comments, I said something myself. Regarding the Bitcoin market situation. In the current market situation, there may be a significant increase in the price of Bitcoin but it will depend on economic data, market sentiment, and outside news. Investors should be cautious and watch for important levels and news that may affect the market's trajectory.
Well, ummm
Today is the same, most coins have decreased, although not drastically, but is there any negative news again? Or is it the early week cycle like this? But it's not too significant, BTC for example, the rise and fall are at $ 58,610.88 - $ 61,396.33 for today. But in 7 days, it has indeed decreased slightly.
The difference is BNB, today it has actually increased quite a bit by 2%, and since the last 7 days, including the increase rate, it has been quite good, more than 8%, isn't that good? Because most of the top coins are really being tested right now, there are many drops, the market crash has not ended yet.
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I still have hope that it may actually recover and go back higher, I know that it looks unlikely at the moment but I do believe that there is a possibility of it. I know that things aren't always as easy as it seems, but right now this one looks like its quite possible to make it go higher. I believe that if we can actually bring in profit during August, then its going to be even more profitable later on. This should take a bit of time, its not really that complicated, and we are going to end up with something much better for the long term as well. Lets just wait for it and eventually we are going to do fine.
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~although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
September may be a better month for Bitcoin but I think there is still no huge pump in Bitcoin price. Bitcoin price may try to stay above $60k in September but I'm still very doubtful if Bitcoin will cross its ATH ($73k). For the remaining days of this month, I agree that there is a small chance to see a significant change in Bitcoin price.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
Of course, there is always a chance that Bitcoin can go higher. The current price is $59k, Bitcoin price may be above $60k in the next few days. However, I think we are still not in the right time to have another new ATH. IMO, Bitcoin price still stays below $70k until the next month.
Yesterday and midnight it was slightly above 59k to 60k there about but currently dropped down, this shows that there is no buying pressure rather the selling force is much causing a serious resistance in the market. But however, we are left with days if I am not mistakenly there could be changes and of course as you said it could be hard for the price to move above it's previous All Time high.
+1 for you sir..
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Yesterday and midnight it was slightly above 59k to 60k there about but currently dropped down, this shows that there is no buying pressure rather the selling force is much causing a serious resistance in the market. But however, we are left with days if I am not mistakenly there could be changes and of course as you said it could be hard for the price to move above it's previous All Time high.
+1 for you sir..
We should wait for the market to recover, I do see bitcoin seems to have a hard time approaching $70K, I also agree with some of the opinions above that say this month seems difficult to rise and in September we will not see a big pump. because many predict the bullish will start next year, so it is likely that in November and December we will see the price of bitcoin recover even though there is no pump.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
I think right now we can assume that how will be the next week. The way the market dumped in the beginning of the August month right now the market also make quick recovery in this sort period. I will also say that market can also make some more dump in the up coming days.
But we should be have the FUD we should keep holding the fund until the bull season arrived in the q1 of 2025
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
The possibility of Bitcoin price increase is certainly there at the end of this month, but I don't think the increase will be too high. This month has been very frustrating for many crypto traders, many have experienced a significant decline in asset value.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
BTC is doing good it touched $62k and in my opinion, the price is going in a good direction. I agree with the statement that August was a bad month but not the worst because the worst month was July. We all expected a dump in July but the August dump was unexpected and people lost a lot of money and the short traders will lose again when BTC goes up and I think the chances for it to go up are very high.
I read somewhere on social media that China is going to accept BTC again and they also mentioned if they will accept BTC then BTC will dump for a short time but it will affect market in a way that it will pump maybe that will be the catalyst to boost the price of BTC high.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
BTC is doing good it touched $62k and in my opinion, the price is going in a good direction. I agree with the statement that August was a bad month but not the worst because the worst month was July. We all expected a dump in July but the August dump was unexpected and people lost a lot of money and the short traders will lose again when BTC goes up and I think the chances for it to go up are very high.
I read somewhere on social media that China is going to accept BTC again and they also mentioned if they will accept BTC then BTC will dump for a short time but it will affect market in a way that it will pump maybe that will be the catalyst to boost the price of BTC high.
If there is a news like this then certainly there is going to be price changes in time to come, although the news I had is that they have legalized mining in China that was what raised the price from its previous to something we don't understand how the manipulation was. I know people are still skeptical about the announcement but however, price is gradually increase but yet there's a strong resistance holding back towards the support level.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
I also believe the same because I am not seeing any good news but elections which are late so besides bad news I don't have any good news in mind like FTX and Silk Road dropping BTC into the market which might dump the price but on the other side these BTC will be bought by long term holders again like last time they were bought.
If not in the last days of August or even not in the September or October or so on we should not worry because in the long run BTC is going to make us more money because that's how it works.
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If not in the last days of August or even not in the September or October or so on we should not worry because in the long run BTC is going to make us more money because that's how it works.
Hmm, seems like you are pretty confident with the ROI of Bitcoin with its cyclical nature, I would like to advise in the long run if you are the controller of your funds this is the only way to make profits, if the market is controlling your funds by targeting your emotions, sorry to say you are gonna be one of the weak hands.
All that matters is your temperament, I'm pretty confident this time Bitcoin is going to close in +ve or lowest -ve compared to the historical data. Still my targets are on and I'm pretty confident every target is going to hit.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
I also believe the same because I am not seeing any good news but elections which are late so besides bad news I don't have any good news in mind like FTX and Silk Road dropping BTC into the market which might dump the price but on the other side these BTC will be bought by long term holders again like last time they were bought.
If not in the last days of August or even not in the September or October or so on we should not worry because in the long run BTC is going to make us more money because that's how it works.
For long run then there is no issues towards it because people are mostly concerned on a short time and If they noticed that price isn't making progress as they wishes they began to panic overtime. But surely to be at the safer side is to buy and hold for long time while we passes this current trend, but one thing I can't assure is for the price to get to 100k this month again because we are almost off from this month just about 6-7 days left to see the month of September.
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but one thing I can't assure is for the price to get to 100k this month again because we are almost off from this month just about 6-7 days left to see the month of September.
Has anyone actually predicted a BTC @$100K this August? That's actually a crazy speculation after a state in Germany went on a selling spree last month and also the news of Mt. Gox paying off previous customers/users.
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but one thing I can't assure is for the price to get to 100k this month again because we are almost off from this month just about 6-7 days left to see the month of September.
Has anyone actually predicted a BTC @$100K this August? That's actually a crazy speculation after a state in Germany went on a selling spree last month and also the news of Mt. Gox paying off previous customers/users.
It's too much :D ;D
We haven't even crossed $80k yet. So it's impossible to go up to $100k this month.
Even now, the market is still struggling, with various up-and-down dramas to get out of its free fall trend. So, the market still has to experience a good recovery before it can reach that high.
BTC price increase for now:
up quite drastically more than 6% in the last 24 hours
More than +8% in 7 days
But still down -2% in the last month.
Check completed info here: https://coinmarketcap.com/currencies/bitcoin/
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A lot of events have kept the price of BTC down for sometime now, it has been trying again to break the $60k price after falling below it earlier in the month, however, right now BTC has broken that resistance and is currently trading ~ $64k.
We cannot guess what will happen in a volatile market like BTC, but i don't think there would be any significant crashes or pumps this year again, we may simply go as high as ~ $79k in this year.
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While we have one week left for this month. After all, the month has been so bad and sluggish. But BTC is full of surprises.
With the remaining days we have, less one day and it pushed to $64,000. We're getting the idea that even with the baddest or slowest days.
BTC can still move for as long as it can and for as high as it can be without any problems as long as there's a demand.
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While we have one week left for this month. After all, the month has been so bad and sluggish. But BTC is full of surprises.
With the remaining days we have, less one day and it pushed to $64,000. We're getting the idea that even with the baddest or slowest days.
BTC can still move for as long as it can and for as high as it can be without any problems as long as there's a demand.
Indeed, last night or it is the other night, I check the price and it was just $61,000. And then I was surprised to wake up this morning that I have gain some in my wallet and so I check what the current price is and I was surprised to see $64,000.
And with that, it never ceases to amazed how Bitcoin market is, sometimes we feel down and negative because of the price going down. But when we see it recovering and bouncing back, then we just think of how resilient it is, then we can all just smile and hope that some day we are going to see $100,000 or more as the new all time high.
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but one thing I can't assure is for the price to get to 100k this month again because we are almost off from this month just about 6-7 days left to see the month of September.
Has anyone actually predicted a BTC @$100K this August? That's actually a crazy speculation after a state in Germany went on a selling spree last month and also the news of Mt. Gox paying off previous customers/users.
It's too much :D ;D
We haven't even crossed $80k yet. So it's impossible to go up to $100k this month.
Even now, the market is still struggling, with various up-and-down dramas to get out of its free fall trend. So, the market still has to experience a good recovery before it can reach that high.
BTC price increase for now:
up quite drastically more than 6% in the last 24 hours
More than +8% in 7 days
But still down -2% in the last month.
Check completed info here: https://coinmarketcap.com/currencies/bitcoin/
Yeah extremely looking from how it is struggling to cross 67k for the past weeks is something that one wouldn't even imagine the price to cross 100k by ending of this month. Last a checked today the price was within 63k plus making it very hard to cross 65k and I can't even know where they focused their thinking seeing bitcoin hitting 100k, in fact to crown it all, is not still possible to cross 100k within the remaining part of this year (3 months left).
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
The possibility of Bitcoin price increase is certainly there at the end of this month, but I don't think the increase will be too high. This month has been very frustrating for many crypto traders, many have experienced a significant decline in asset value.
Bitcoin has been down for most of the time in this month but has been recovering towards the end. Especially when the Bitcoin price rises above 65K, investors are very optimistic about it. Bitcoin will touch 65k soon and all Bitcoin lovers are waiting to see it. Hopefully the market will start getting better from September. However, there is still no possibility of a big bull run this time.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
The possibility of Bitcoin price increase is certainly there at the end of this month, but I don't think the increase will be too high. This month has been very frustrating for many crypto traders, many have experienced a significant decline in asset value.
Bitcoin has been down for most of the time in this month but has been recovering towards the end. Especially when the Bitcoin price rises above 65K, investors are very optimistic about it. Bitcoin will touch 65k soon and all Bitcoin lovers are waiting to see it. Hopefully the market will start getting better from September. However, there is still no possibility of a big bull run this time.
Yes, the price of bitcoin has recovered and the current price of bitcoin is $64K, possibly next week the price of bitcoin will approach $70K. I see that the assets in my wallet are enough to be bullish next year, it's time to do daily trading again because the market has started to improve and I see that the daily volume is getting higher.
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BTC can still move for as long as it can and for as high as it can be without any problems as long as there's a demand.
There is always demand for BTC, but there are many events that keep the price of BTC down and there has been a few of them in the last couple of weeks, the current economic situation is also affecting the crypto market. The price of BTC is going to rise, but i don't think it will go higher that $85k this year, but next year we should expect ~ $100k.
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If there is a news like this then certainly there is going to be price changes in time to come, although the news I had is that they have legalized mining in China that was what raised the price from its previous to something we don't understand how the manipulation was. I know people are still skeptical about the announcement but however, price is gradually increase but yet there's a strong resistance holding back towards the support level.
China has repeatedly manipulated the cryptocurrency market, so if it enters the market, we will undoubtedly witness large pumps and dumps. I am not sure how many people are watching China. Right now, Russia is the center of attention due to their unexpected adoption of Bitcoin.
I have read in the news that they plan to create two of their own cryptocurrency exchanges, which should boost adoption and attract more users.
They have made crypto mining legal and announced that they will be using crypto for trading with other countries and now they are developing their own exchanges. This is bullish news, and we will see more adoption from Russia in the coming days.
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They have made crypto mining legal and announced that they will be using crypto for trading with other countries and now they are developing their own exchanges. This is bullish news, and we will see more adoption from Russia in the coming days.
Russia simply wants to make digital assets legal for international trade as a means of circumventing sanctions imposed on them by many countries.
It is hard to be bullish about anything coming out of Russia for obvious reasons, i also read that they are planning on creating their own centralized exchange, i really don't know how it will work, but there would be a lot of interference from the government and they will want to know everything about its users.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
The possibility of Bitcoin price increase is certainly there at the end of this month, but I don't think the increase will be too high. This month has been very frustrating for many crypto traders, many have experienced a significant decline in asset value.
Bitcoin has been down for most of the time in this month but has been recovering towards the end. Especially when the Bitcoin price rises above 65K, investors are very optimistic about it. Bitcoin will touch 65k soon and all Bitcoin lovers are waiting to see it. Hopefully the market will start getting better from September. However, there is still no possibility of a big bull run this time.
Yes, the price of bitcoin has recovered and the current price of bitcoin is $64K, possibly next week the price of bitcoin will approach $70K. I see that the assets in my wallet are enough to be bullish next year, it's time to do daily trading again because the market has started to improve and I see that the daily volume is getting higher.
Do you think daily trading can keep increasingly your holdings?
Well to me I don't think so rather it's DCA that can increase your holdings. People think trading increase their bitcoin, it could be true but for small traders who does not know how the market functions might end up losing their capital to whales when the market slightly dip.
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The possibility of Bitcoin price increase is certainly there at the end of this month, but I don't think the increase will be too high. This month has been very frustrating for many crypto traders, many have experienced a significant decline in asset value.
we don't need to wait for the end of this month, Bitcoin has increased gradually now. Bitcoin has crossed $64k and can survive until now. It looks like to have a stronger power to survive above $64k. This is a good sign that we may have uptrend in the last week of this month. With this change, I think holders or traders won't be frustrated anymore, they will be more confident now.
Has anyone actually predicted a BTC @$100K this August? That's actually a crazy speculation after a state in Germany went on a selling spree last month and also the news of Mt. Gox paying off previous customers/users.
Who predicted the price $100K in August?
This is not reasonable, we are far from $100k and the current market condition isn't very good to trigger the price of Bitcoin to skyrocket to $100k. The maximum price to be achieved this month probably around $70k.
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People think trading increase their bitcoin, it could be true but for small traders who does not know how the market functions might end up losing their capital to whales when the market slightly dip.
Some people make profit from trading, but trading requires skill and not everyone can trade. Take note that not everyone also makes profit buying and holding, some people are not patient and they sell their coins for cheaper than they bought it, though this happens mostly to weaker hands.
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Do you think daily trading can keep increasingly your holdings?
Well to me I don't think so rather it's DCA that can increase your holdings. People think trading increase their bitcoin, it could be true but for small traders who does not know how the market functions might end up losing their capital to whales when the market slightly dip.
Well daily trading can be helpful to increase ones holdings but only if that person is a good trader who understands the market fully. The ones who don't understand market fully will end up losing their capital instead of making any profits or increments in their holdings.
Actually, only good traders and huge whales are the ones who can increase their holdings with daily trading while most other traders lose their capital overtime by doing day trading.
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BTC price increase for now:
up quite drastically more than 6% in the last 24 hours
More than +8% in 7 days
But still down -2% in the last month.
Check completed info here: https://coinmarketcap.com/currencies/bitcoin/
Yeah extremely looking from how it is struggling to cross 67k for the past weeks is something that one wouldn't even imagine the price to cross 100k by ending of this month. Last a checked today the price was within 63k plus making it very hard to cross 65k and I can't even know where they focused their thinking seeing bitcoin hitting 100k, in fact to crown it all, is not still possible to cross 100k within the remaining part of this year (3 months left).
Exactly, For the next few months, maybe it will make sense to reach that rate. It's probably on the peak season of the bullish era. Moreover, some good news may be emerging again, and the bad news may be quite reducing, especially later the issue related to MT Gox is over with its distribution, then the issue related to the US presidential election, and so on. And if we look at the bearish-bullish graph, there is a possibility that next year is the right time for the peak season of bullrun, although it is still unclear which month it will happen, and what prices can be achieved. However, we just hope and believe that this bullish season, Bitcoin will really be able to touch $ 100k, but not this month.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
The possibility of Bitcoin price increase is certainly there at the end of this month, but I don't think the increase will be too high. This month has been very frustrating for many crypto traders, many have experienced a significant decline in asset value.
Bitcoin has been down for most of the time in this month but has been recovering towards the end. Especially when the Bitcoin price rises above 65K, investors are very optimistic about it. Bitcoin will touch 65k soon and all Bitcoin lovers are waiting to see it. Hopefully the market will start getting better from September. However, there is still no possibility of a big bull run this time.
Today Bitcoin has increased, although not too high but this increase has provided benefits if we bought Bitcoin Five days ago. People must be happy and not too worried about Bitcoin, because Bitcoin always goes up after its price goes down. It just takes time to wait for it, and that's where people sometimes get bored.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
The possibility of Bitcoin price increase is certainly there at the end of this month, but I don't think the increase will be too high. This month has been very frustrating for many crypto traders, many have experienced a significant decline in asset value.
Bitcoin has been down for most of the time in this month but has been recovering towards the end. Especially when the Bitcoin price rises above 65K, investors are very optimistic about it. Bitcoin will touch 65k soon and all Bitcoin lovers are waiting to see it. Hopefully the market will start getting better from September. However, there is still no possibility of a big bull run this time.
Today Bitcoin has increased, although not too high but this increase has provided benefits if we bought Bitcoin Five days ago. People must be happy and not too worried about Bitcoin, because Bitcoin always goes up after its price goes down. It just takes time to wait for it, and that's where people sometimes get bored.
This is what we calls impatient because they invested and thinking that the price would start soaring immediately investment without knowing that the price doesn't work that way. Yes it's true that price increase but it must be that when bitcoin enters bull run then what we would be experiencing is all Green maybe after that season then comes bear run where most people would plan to start accumulating again to get ready for the next bull run again. Usually investment is good at the bear season to keep oneself prepared for the bull run.
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This is what we calls impatient because they invested and thinking that the price would start soaring immediately investment without knowing that the price doesn't work that way. Yes it's true that price increase but it must be that when bitcoin enters bull run then what we would be experiencing is all Green maybe after that season then comes bear run where most people would plan to start accumulating again to get ready for the next bull run again. Usually investment is good at the bear season to keep oneself prepared for the bull run.
The bear season already happened last year, dude. We should have collected a lot of coins at that time because the price was still cheap, now we can only buy when there is a market correction, adding to the coin collection to face the bullish season next year.
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This is what we calls impatient because they invested and thinking that the price would start soaring immediately investment without knowing that the price doesn't work that way. Yes it's true that price increase but it must be that when bitcoin enters bull run then what we would be experiencing is all Green maybe after that season then comes bear run where most people would plan to start accumulating again to get ready for the next bull run again. Usually investment is good at the bear season to keep oneself prepared for the bull run.
The bear season already happened last year, dude. We should have collected a lot of coins at that time because the price was still cheap, now we can only buy when there is a market correction, adding to the coin collection to face the bullish season next year.
I already knows that but what I am trying to say is that people only target to invest when there seems to be increase in the market and expect the market to soar immediately they invested without knowing that Investment is good at bear season where they would accumulates as much as possible to increase their portfolio. As we are expecting bull run by next year it could had added to their profits, but since they already missed the chance then it's they buy through DCA.
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It is hard to be bullish about anything coming out of Russia for obvious reasons, i also read that they are planning on creating their own centralized exchange, i really don't know how it will work, but there would be a lot of interference from the government and they will want to know everything about its users.
Since they plan to establish centralized exchanges, they should have comprehensive user data. They are referred to as centralized because the government will be making the exchanges. At the very least, Russians have access to decentralized alternatives if they choose not to use them.
People cannot be forced to use centralized exchanges instead of decentralized ones by the Russian government.
Russians who adopt cryptocurrency for personal gain will also profit from it as a whole.
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The bear season already happened last year, dude. We should have collected a lot of coins at that time because the price was still cheap, now we can only buy when there is a market correction, adding to the coin collection to face the bullish season next year.
If we learn the 4 years cycle, the bearish season happened in 2022-2023. So, in 2024-2025 should be bullish season. Now, it is the first year of bullish season, we still have around 1 year before the bullish season ends. Well, it is true that we should buy crypto coins at the bearish season. Specifically in 2022, the prices of most crypto coins were very cheap at that time. Bitcoin price was below $20k. We can imagine how much we gain profits if we sold the Bitcoin at $73k. But it is not too late to buy, sure we can buy when there is another big correction.
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This is what we calls impatient because they invested and thinking that the price would start soaring immediately investment without knowing that the price doesn't work that way. Yes it's true that price increase but it must be that when bitcoin enters bull run then what we would be experiencing is all Green maybe after that season then comes bear run where most people would plan to start accumulating again to get ready for the next bull run again. Usually investment is good at the bear season to keep oneself prepared for the bull run.
The bear season already happened last year, dude. We should have collected a lot of coins at that time because the price was still cheap, now we can only buy when there is a market correction, adding to the coin collection to face the bullish season next year.
The bear season did happen last year, my friend, but after that the price of Bitcoin went up and was able to print a new ATH price, making many altcoins experience price increases too. Now it should have started entering the bear season again. The bullish season will likely happen in the next 4 years dude..
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The bear season did happen last year, my friend, but after that the price of Bitcoin went up and was able to print a new ATH price, making many altcoins experience price increases too. Now it should have started entering the bear season again. The bullish season will likely happen in the next 4 years dude..
So you think there will be no more bullish period for the next 4 years?? This does make sense, but there will be many people who cannot accept this opinion, because the prediction about bullish after Bitcoin halving is to touch the price of $100k, and I don't think alt season has happened for this period either....
We still have time until at least 2025 Q1 to see this development.. if the price can break through the resistance point at $71k, it might be the last bullish moment for Bitcoin halving period this year....let's see a few more months, because I'm sure there are still many people who are optimistic and holding their Bitcoin.
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The bear season did happen last year, my friend, but after that the price of Bitcoin went up and was able to print a new ATH price, making many altcoins experience price increases too. Now it should have started entering the bear season again. The bullish season will likely happen in the next 4 years dude..
That's pretty pessimistic, another four years? :D
I don't think so, if we think about the halving cycles, the beginning of 2025 has everything it takes to be a great year for BTC
And then there's the end of this year, which could also be very good
I think it's difficult to enter the bear market so soon and have to wait 4 years again for the next one hehehe
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This is what we calls impatient because they invested and thinking that the price would start soaring immediately investment without knowing that the price doesn't work that way. Yes it's true that price increase but it must be that when bitcoin enters bull run then what we would be experiencing is all Green maybe after that season then comes bear run where most people would plan to start accumulating again to get ready for the next bull run again. Usually investment is good at the bear season to keep oneself prepared for the bull run.
The bear season already happened last year, dude. We should have collected a lot of coins at that time because the price was still cheap, now we can only buy when there is a market correction, adding to the coin collection to face the bullish season next year.
The bear season did happen last year, my friend, but after that the price of Bitcoin went up and was able to print a new ATH price, making many altcoins experience price increases too. Now it should have started entering the bear season again. The bullish season will likely happen in the next 4 years dude..
We only experienced halving and the bull market has not yet started, usually after halving the next year is potential bull run which we are yet to be experienced from next year and possibly that could be around mid next year or nearly ends of the year as I can sense it. Then after that we would see another instability in that market nearly getting to 2026 then there would be another dip after bitcoin might have created new ATH next because I believe that 73k wouldn't be the highest it should go after the halving so I believe it will create additional new price level.
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Bitcoin fell below $49000 this month. But I can not say it is the worst month because the price increased back. You can see bitcoin above $58000 now. It got to this price in 3 previous months. Bitcoin got to $59200 after all-time high a month and 2 months after all-time high.
The price of Bitcoin did not fall much on Amazon. today is the last day of the month but the price of Bitcoin is at $59k today. Although there was a lot of fear of Bitcoin dumping according to the market situation, but Bitcoin is slowly recovering again. If Bitcoin fails to make a new ATH or a stub in the next month, a major dumping of Bitcoin could be seen. And with Bitcoin, the whole crypto market will be dumping a lot and at that time a big investment opportunity will come.
I do not know what bitcoin would be. But I do not think it can get below $50000 easily. In the next 2 to 3 months, I guess bitcoin price would have increased above $60000 again.
Going below $50k isn't easy but it's not impossible as we've seen quite a few major Bitcoin crashes in the past. So we cannot guarantee that the price of Bitcoin will not fall below $50k
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The bear season did happen last year, my friend, but after that the price of Bitcoin went up and was able to print a new ATH price, making many altcoins experience price increases too. Now it should have started entering the bear season again. The bullish season will likely happen in the next 4 years dude..
That's pretty pessimistic, another four years? :D
I don't think so, if we think about the halving cycles, the beginning of 2025 has everything it takes to be a great year for BTC
And then there's the end of this year, which could also be very good
I think it's difficult to enter the bear market so soon and have to wait 4 years again for the next one hehehe
It is a long time even in the sense that it could be up to 4 years. However, that is just the pattern of Bitcoin price movement in recent years, it has always been documented to have a 4-year cyclical price ascent. By the end of this year, there are no assurances that the price will go up or worse a bearish season could happen.
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We only experienced halving and the bull market has not yet started, usually after halving the next year is potential bull run which we are yet to be experienced from next year and possibly that could be around mid next year or nearly ends of the year as I can sense it. Then after that we would see another instability in that market nearly getting to 2026 then there would be another dip after bitcoin might have created new ATH next because I believe that 73k wouldn't be the highest it should go after the halving so I believe it will create additional new price level.
I also believe $73k is the highest open because it happened before bitcoin halving, we will see the ATH top a year after bitcoin halving so we better keep calm and wait because the bull run starts, probably the bull run will start early 2025.
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It is a long time even in the sense that it could be up to 4 years. However, that is just the pattern of Bitcoin price movement in recent years, it has always been documented to have a 4-year cyclical price ascent. By the end of this year, there are no assurances that the price will go up or worse a bearish season could happen.
yap, no one can guarantee anything about BTC price movements.. even when you say that the end of the year will be bearish, you certainly can't guarantee it, right??? Moreover, the bullish moment of Bitcoin does not immediately occur when or a few days after the Bitcoin halving day occurs... it takes time too, my friend.
Maybe the opinion you expressed is enough to lower our expectations, that's not bad either... however, never be pessimistic. Because in truth, none of us know the future..
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yap, no one can guarantee anything about BTC price movements.. even when you say that the end of the year will be bearish, you certainly can't guarantee it, right??? Moreover, the bullish moment of Bitcoin does not immediately occur when or a few days after the Bitcoin halving day occurs... it takes time too, my friend.
Maybe the opinion you expressed is enough to lower our expectations, that's not bad either... however, never be pessimistic. Because in truth, none of us know the future..
Yeah, there were no surprises for investors in August. BTC price continued to trade sideways around $60K, causing many investors to lose patience, even worry and sell off many ALTS fearing a black swan event would come right after the FED cut interest rates. Accumulation has been happening after the halving as you said, and events related to the FED and US elections could be the conditions to change the trend of BTC price and the entire market.
However, this accumulation period is also an opportunity for diamond-hands investors to buy more BTC and top coins if they missed the opportunity at the end of 2023. Let's wait together for positive changes from BTC and the crypto market in September and Q4. History shows that Q4 is usually a good time for the crypto market.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
What kind of positive news can you possibly be expecting that could move price of bitcoin up at this moment? I personally feel that bitcoin have grown past the level where it's price could easily react to some random positive news, it is completely easier for the price of bitcoin to react to negative news than it reacts to positive news.
And like I did mentioned before, or tried to point out, at this current stage, the market, bitcoin specially, need more than a positive news for its price to grow from this very stage it currently is, or maybe we can just allow things to flow naturally, allow people's sentiments drive the price up when the time is due.
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Now that the ghost month is over, it's probably time to look forward to what the ber months brings to BTC and the rest of the crypto market. What catalyst/s do you think will suddenly cause price changes?
Perhaps time to lock this and open a new thread covering the above months?
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Now that the ghost month is over, it's probably time to look forward to what the ber months brings to BTC and the rest of the crypto market. What catalyst/s do you think will suddenly cause price changes?
Perhaps time to lock this and open a new thread covering the above months?
First let me say that I do not see any reason for a new thread, we can just continue the discussion here.
And going further, I personally do not or can not see any thing currently that could act as a catalyst to bring, or that is capable of taking the price of bitcoin up, and as well as the rest of the market, and I even fear that bitcoin, as well as the entire crypto market may continue in its side ways movements even all through this september, I am expecting a major move up by the end of October, which might as well be the beginning of the bull run we all are anticipating, waiting and looking forward to, but to be honest, I don't see how this is going to happen, I have no material to base my assumption on, I just have the feeling, and feeling lies at times, so this is not a financial advice.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
I believe that you will create an excellent topic in that's time. We also saw that August month couldn’t very prefer month for us. We also saw that bitcoin price couldn’t saw it’s price for high level. So i think that it was not very good moment for us. I also think that if gradually bitcoin price will increase quickly, it will be more opportunity for me. So i also believe that within a short time bitcoin price will be increasing gradually.
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There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?
You can join the discussion.
What kind of positive news can you possibly be expecting that could move price of bitcoin up at this moment? I personally feel that bitcoin have grown past the level where it's price could easily react to some random positive news, it is completely easier for the price of bitcoin to react to negative news than it reacts to positive news.
And like I did mentioned before, or tried to point out, at this current stage, the market, bitcoin specially, need more than a positive news for its price to grow from this very stage it currently is, or maybe we can just allow things to flow naturally, allow people's sentiments drive the price up when the time is due.
You are right market easily reacts to negative news unlike how the influences the price action of the market and again, August already past and there is nothing to think would happen if not for this new month September. I am not also too certain that something could reacts to the market but as the price is currently I can't really give exact future of the price and of course we know is currently down but that doesn't mean the market would remain for long time maybe in this remaining few months something positive could likely happened.
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Sorry, August 2024 is over, Bitcoin price on August 31, 2024 is $59,152
Bitcoin price when this topic was created was $58k... so it's clear that it's increased by 1.7% since this topic was created.
Then, doesn't this mean that the discussion of this topic is over and the topic can be locked? This is to avoid off-topic discussions that could lead to spam...
For new discussions, friends can create another topic with almost the same title, but the September version. :)
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Then, doesn't this mean that the discussion of this topic is over and the topic can be locked? This is to avoid off-topic discussions that could lead to spam...
For new discussions, friends can create another topic with almost the same title, but the September version. :)
Yeah, same thing I asked above but some members seems to not notice that the thread has already served its purpose. If there's no plan for a new topic, at least change the title to not confuse new readers.
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Sorry, August 2024 is over, Bitcoin price on August 31, 2024 is $59,152
Bitcoin price when this topic was created was $58k... so it's clear that it's increased by 1.7% since this topic was created.
This is the beginning of September, in the first week of September, the crypto market still looks really bad. Crypto prices are still crashing, look at how the market is going red every day. BTC prices have dropped more than -4% in a week. One of the worst is Solana which has dropped even more than -13% this week. This is a very bad crash not only for Bitcoin but especially altcoins.
However, I still really believe in this September, that there will be a shift in the market season which is much better. I hope that in the second week everything will really change and the price will increase even more.
Because, usually the time approaching Q4 will start to increase, right? If so, there will be a preparation this month. Unless this month is actually made to really drop in preparation for the increase next month.
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This is the beginning of September, in the first week of September, the crypto market still looks really bad. Crypto prices are still crashing, look at how the market is going red every day. BTC prices have dropped more than -4% in a week. One of the worst is Solana which has dropped even more than -13% this week. This is a very bad crash not only for Bitcoin but especially altcoins.
However, I still really believe in this September, that there will be a shift in the market season which is much better. I hope that in the second week everything will really change and the price will increase even more.
Because, usually the time approaching Q4 will start to increase, right? If so, there will be a preparation this month. Unless this month is actually made to really drop in preparation for the increase next month.
I am worried about crypto market right now. Prices keep going down and big coins like Bitcoin and Solana are losing a lot of value. But I think things might change soon. September could be the month when market starts to get better. Usually last few months of year are good for cryptocurrencies. I hope that happens this year too. Maybe the market is just fixing itself before prices go up again. I am hopeful that things will start to look better in second week of September.
We can't be sure what will happen but I think market goes up and down in cycles. So, I believe that prices will go back up eventually. Let's keep watching the market and hope that our hopes come true.
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August has ended obviously, and we have -8.6% down that month. And continuing to September, we are still very much in the bearish market. And when we thought that this month could be good, the market is still going down to $57k'ish and it looks like we might have to look and test the region of $55k to even as low as $50k. So just be very careful everyone, on the other hand, if we have enough capital to begin with, we might continue to accumulate and HODL and our last stop could be next year. I know it's worrisome to look at how the market is going today, but let's look at the bigger picture.
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Now that the ghost month is over, it's probably time to look forward to what the ber months brings to BTC and the rest of the crypto market. What catalyst/s do you think will suddenly cause price changes?
Ghost month? ;D
I think September won't be so different with August. It is also not a friendly month for Bitcoin. You can check yourself on Bitcoin monthly return, September is also bad month for Bitcoin. The good months probably will be in November and December. But it is just my guess.
Perhaps time to lock this and open a new thread covering the above months?
You're right. Let's discuss for the possible price on September. But I don't see a thread that discuss a potential price of Bitcoin in September yet.
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This is the beginning of September, in the first week of September, the crypto market still looks really bad. Crypto prices are still crashing, look at how the market is going red every day. BTC prices have dropped more than -4% in a week. One of the worst is Solana which has dropped even more than -13% this week. This is a very bad crash not only for Bitcoin but especially altcoins.
However, I still really believe in this September, that there will be a shift in the market season which is much better. I hope that in the second week everything will really change and the price will increase even more.
Because, usually the time approaching Q4 will start to increase, right? If so, there will be a preparation this month. Unless this month is actually made to really drop in preparation for the increase next month.
I am worried about crypto market right now. Prices keep going down and big coins like Bitcoin and Solana are losing a lot of value. But I think things might change soon. September could be the month when market starts to get better. Usually last few months of year are good for cryptocurrencies. I hope that happens this year too. Maybe the market is just fixing itself before prices go up again. I am hopeful that things will start to look better in second week of September.
We can't be sure what will happen but I think market goes up and down in cycles. So, I believe that prices will go back up eventually. Let's keep watching the market and hope that our hopes come true.
In fact, there are certain cycles in the crypto market, and the current price drop might be a normal reaction to the over-evaluation of the market. Market volatility is typical, and after a decline, there is normally a recovery period as was the case in this instance. In terms of negative growth, there are indications that the last months of any given year experience a relatively upbeat trend. Therefore, it is believed that positive attitude and waiting will eventually pave way to market recovery. Be attentive to what is happening and do not hesitate to make changes if some new information appears. We should only hope for the best in terms of recovering the market as soon as possible.