BTC is moving between $15500 to $17000 and many high investors are taking benefit from this gap, as it is more than enough to grab a good profit from an almost $1500 To $2000 difference.

You are right for daily or short-term traders and this could also be a good position to buy for the long term too even though some analysts are equally saying that the price might go down to around $12k-$10k, however, looking at it from a long term investment perspective, since we believe that BTC could see a new ATH of above $100k when that happens, buy @ $17k isn't a bad idea.

if in my opinion in 2021 bitcoin will soar and it has happened, after that bitcoin will gradually decline until 2022 it has also happened in 2022 and in 2023 bitcoin will start to rise again and there may be a new ATH.

New ATH will not come in 2023 as you think. If we are going to follow the previous Bitcoin market trend, the chat shows us that, new ATH usually is achieved after the Bitcoin Halving which means we are looking at 2024 for that to happen even if the Bitcoin price might rise in 2023 but not to an ATH price.

Yes, the bear season will bring in buying opportunity and could also cause huge loses of the bear continues on the downward trends. If you buy at certain range, for instance, $16k and price  continue downward to $12k, a buyer at $16k will definitely start loosing his or her capital. In addition to the idea of buying low, there is need to good TA/FA before taken a position. I have decided to start buying at $13k because I think that bitcoin price may continue the downward movement to it bottom in near future.

And if the market happens not to get to $13k as you believe it would, then you must have missed out on buying at the current price. I believe DCA is still the best option during the bear market because we cannot really say for sure where the bottom is and regardless of where you bought if you don't sell then it is an unrealized loss until you actually sell.

Investors bought BTC at $19k during the 2017 bull market and it fell to $3k. if anyone was able to hodl through this time till Bitcoin came back to the new ATH of $69k in 2021 that would have been profitable right? So it is all about your ability to Hodl especially Bitcoin investment.

Quote from: Afony on September 24, 2022, 03:30:08 PM

I don't think the market is in a bad situation right now, and I don't dispute that the market has fallen a lot, but this is a chance to buy cryptocurrencies at low prices. Those who have been working with cryptocurrency for a long time know that they need to invest in cryptocurrency.

The eyes that you have must see market conditions, which are currently a lot of red and have difficulty increasing prices because there really is nothing that can trigger an increase in Cryptocurrency prices on exchanges, Cryptocurrency is not an investment place because basically Cryptocurrency is a digital currency that used for alternative payments so that price movements are very unstable and very risky if used as an investment.

I don't think @Afony is wrong in what he is saying about the market at least comparing both the 2017 and 2021 ATH drop, Bitcoins price dropped -83% when compared to what the Bitcoins price is reading now -77% from this last ATH.
Secondly, Bitcoin or the general crypt investment is a risk, so you that intend to or have invested in Cryptocurrency should understand this, the Bear market shouldn't come as a surprise to those that have understood that the market has about 3 phases, Bull, Bear, and the accumulation stages so when the Bear market is in play, buy good Coins/Alts as you have the investment for.

I prefer to buy altcoins that have clearer potential than having to buy altcoins or tokens that have just been created, because so far a lot of tokens are scams and there may be scripts that expose you to phishing wallets that allow developers to get access to reap all tokens in your wallet, so you have to be careful if you want to make cryptocurrency transactions.

Likewise. I really don't like investing in New crypto projects and not that some might not be really good in the end but I like to limit my investment risk, especially in a bear market like this. I will only take a little stake when there has been a confirmation that the market is in a bull season and this wouldn't be for a long hodl either. 

It was difficult for people in the world to accept the fate of Bitcoin and Cryptocurrency in beginning but many people never believed that Cryptocurrency as of today will be widely legalized in so many countries of the world, while some country are still restricting their citizens from making use of Cryptocurrency, why do you think some countries still restricting Cryptocurrency transactions?

I believe by now we all understand what cryptocurrencies mean and stand for, financial freedom mostly and this is the same thing that Government can use to control its citizens, Being able to regulate the financial system is a function of the government and with crypto, people can almost move and spend their money without Government influence, hence some restrictions from some Government around the world. They want to continue to have that control on the citizen.

Now it is quite difficult to find free electricity for bitcoin mining and it is problematic to mine it now, of course large companies can engage in bitcoin mining.

I don't know if there was ever free electricity for bitcoin mining even those using solar power need the first capital for that installation and subsequent maintenance. So mining is something that is needed for the Network but is quite expensive and only people and organizations with medium to deep pockets can engage in mining.   

There are a lot of potential altcoins to pump once Bitcoin start the increase trend. Tremendous price of some altcoins are possible but not limited to what you mentioned for there are a lot of potential coins/tokens in the market. Maybe others are blokchain and some are wallets web 3 integrated.

I agree with you. I believe that there are a lot more Alts that will pump along with Bitcoin once we are out of the Bear market and I don't think we can properly predict the market and the particular coins/tokens that will pump even though some are most likely than others, and lets us not forget that the market has been through conditions like this in previous years.