What's Your Take On It ?

[Hamza2424]

Well thats even better that you have a LONG TERM holding plans because i seem to find this market now going crazy
and there are less chance that we will be seeing any time hyping as there is no good news coming aside from we are in halving
season yet months after we are still stock in this part.

I don't think market is going on crazy I think market is on its own way. And if I talking about this little dump then I had to say it is also a normal correction what bitcoin taking regularly. Like before this downish market we have already seen that Bitcoin cross 70k.
I think those who are doing long term investment with with DCA method those should have take this chance.

Hmm, i won't dare to call it a normal correction, but yup it's a normal scenario but its not a correction phase that's a pure consolidation zone as always. We can say that this is the phase to eliminate most of the weak hands holding assets. DCA is worth mentioning i do support this strategy in such kind of market. TBH DCA is the safest strategy for now, as you dont know about the downtrend nor you are aware of the market's bullish action, so the best way is to DCA  your investment to secure a position.

[Zed0X]

Well thats even better that you have a LONG TERM holding plans because i seem to find this market now going crazy
and there are less chance that we will be seeing any time hyping as there is no good news coming aside from we are in halving
season yet months after we are still stock in this part.

I don't think market is going on crazy I think market is on its own way. And if I talking about this little dump then I had to say it is also a normal correction what bitcoin taking regularly. Like before this downish market we have already seen that Bitcoin cross 70k.
I think those who are doing long term investment with with DCA method those should have take this chance.

Hmm, i won't dare to call it a normal correction, but yup it's a normal scenario but its not a correction phase that's a pure consolidation zone as always. We can say that this is the phase to eliminate most of the weak hands holding assets. DCA is worth mentioning i do support this strategy in such kind of market. TBH DCA is the safest strategy for now, as you dont know about the downtrend nor you are aware of the market's bullish action, so the best way is to DCA  your investment to secure a position.

I don't differentiate correction from consolidation stage because the purpose is the same (if not almost)

Anyway, the market is heading in sideways direction with price bouncing around upper $60K to lower $70K. Maybe an occasional dip to upper $50K if some whales decides to accumulate more or if BTC is still in $60K with Black Friday sale just around the corner.

[Nwada001]

That's good. Always buy when the price is cheaper. But we don't know how cheap will be the price before it goes up. That's why we should learn to analyze the market so that there will be a higher chance to catch the cheapest price. I don't want the price to go down but this is what I saw in the chart and I'm still looking forward for the big pump soon.

Rather waiting for a dip or more favourable time to buy, deploying the DCA strategy would be a lot more better, since you cannot be able to completely predict the next direction of the market, because this way you get the opportunity to buy at different prices.

[MrSpasybo]

Rather waiting for a dip or more favourable time to buy, deploying the DCA strategy would be a lot more better, since you cannot be able to completely predict the next direction of the market, because this way you get the opportunity to buy at different prices.

I have been implementing the DCA strategy for over a year and am quite satisfied with the profits. However, I also do not discourage a professional trader from focusing on buying low and selling high to optimize profits or have a good night's sleep after a stressful trading day. Each person has a different financial position and ability, we act according to what we believe and expect, I do not dare to give financial advice but if an inexperienced investor is feeling overwhelmed, then DCAing at this time may be a safe decision.

June took place with many boring and negative price fluctuations. BTC price continued to move sideways while many ALTS have decreased by 20-50%, causing investors to doubt and worry about the state of the market. Even many investors are afraid that a black swan event will occur and bring BTC price back to the bottom zone ~ $16K again before the official bullrun takes place. I think at this time we need to be patient and less worried to avoid hasty and wrong actions. I believe that the bullrun will come and bring profits to those who deserve it!

[bitterguy28]

Well thats even better that you have a LONG TERM holding plans because i seem to find this market now going crazy
and there are less chance that we will be seeing any time hyping as there is no good news coming aside from we are in halving
season yet months after we are still stock in this part.

I don't think market is going on crazy I think market is on its own way. And if I talking about this little dump then I had to say it is also a normal correction what bitcoin taking regularly. Like before this downish market we have already seen that Bitcoin cross 70k.
I think those who are doing long term investment with with DCA method those should have take this chance.

actually the craziness of this market starts early this year and up to now you can see its happening , how can you find this kind of market movement
when we are in the months after the halving? in the past situation like this we can really see that the movement is only going two sides and those are
going up and going down , but now we can find the market having stagnant positioning in same level like 64k , then will go up to 67k for a week then so on , for me this sounds a crazy market .,

[Lucius]

~snip~
Even many investors are afraid that a black swan event will occur and bring BTC price back to the bottom zone ~ $16K again before the official bullrun takes place. I think at this time we need to be patient and less worried to avoid hasty and wrong actions. I believe that the bullrun will come and bring profits to those who deserve it!

I would give such a possibility a very small chance, maybe 5% at the most when it comes to falling to that value. If we go back, we can see that this price was caused by not one, but two black swan events, if we can call them that, considering that the Do Kwon project was doomed from the beginning, while the FTX with Bankman was doomed, it was only a matter of time.

Even in the event of a pandemic, the price of BTC fell by 50%, so in a worst-case scenario, I don't see it going lower than that. I also believe that a new bull run awaits us in the rest of the year and next year, although we should be honest and say that many have already profited, given that we already had one bull run thanks to the approval of spot ETFs.

[JoyMarsha]

That's good. Always buy when the price is cheaper. But we don't know how cheap will be the price before it goes up. That's why we should learn to analyze the market so that there will be a higher chance to catch the cheapest price. I don't want the price to go down but this is what I saw in the chart and I'm still looking forward for the big pump soon.

Rather waiting for a dip or more favourable time to buy, deploying the DCA strategy would be a lot more better, since you cannot be able to completely predict the next direction of the market, because this way you get the opportunity to buy at different prices.

None of us can truly foresee the current direction of the market, whether it is heading for a correction of price or a bull run. However, in order to avoid any of these surprises, it will be absolutely necessary to implement a DCA strategy so that the market does not catch you off guard, causing you to complain or blame yourself for not investing when you had the opportunity to.

[bayu7adi]

I'm still waiting for some time to come... because I believe the market will really bounce with a high bounce... at least in several analyzes by many people regarding the Bitcoin halving, the minimum top point that can be reached and is still logical is $80k and above... this target should be low, considering that Bitcoin has currently gained enough trust from institutional investors such as MicroStrategy.

Rather than taking stupid steps like I've done in the past, the best way now is to wait for a bounce. And don't forget to net Bitcoin at a very cheap price to fill our bags again when it turns out the price experiences another correction.

[Makus]

Well thats even better that you have a LONG TERM holding plans because i seem to find this market now going crazy
and there are less chance that we will be seeing any time hyping as there is no good news coming aside from we are in halving
season yet months after we are still stock in this part.

I don't think market is going on crazy I think market is on its own way. And if I talking about this little dump then I had to say it is also a normal correction what bitcoin taking regularly. Like before this downish market we have already seen that Bitcoin cross 70k.
I think those who are doing long term investment with with DCA method those should have take this chance.

Hmm, i won't dare to call it a normal correction, but yup it's a normal scenario but its not a correction phase that's a pure consolidation zone as always. We can say that this is the phase to eliminate most of the weak hands holding assets. DCA is worth mentioning i do support this strategy in such kind of market. TBH DCA is the safest strategy for now, as you dont know about the downtrend nor you are aware of the market's bullish action, so the best way is to DCA  your investment to secure a position.

In market trends like this where we are not certain what tend it is or when will the trend end, it best to just employ DCA and keep making those deposits. Those who are into long term holding will definitely not have any thing to worry about and that is why I love long term trade. It helps you stay focused, discipline and comfortable even while you are making your Bitcoin accumulation. However it seems the price of bitcoin is beginning to appreciate in value this might be the beginning of a new trend.

[dekafee79]

In market trends like this where we are not certain what tend it is or when will the trend end, it best to just employ DCA and keep making those deposits. Those who are into long term holding will definitely not have any thing to worry about and that is why I love long term trade. It helps you stay focused, discipline and comfortable even while you are making your Bitcoin accumulation. However it seems the price of bitcoin is beginning to appreciate in value this might be the beginning of a new trend.

me too, I also like long-term trading, because it is safer and more profitable for those who don't do daily trading for various reasons, for example they don't have the time or don't have trading skills.  Holding for the long term is the best step we can take, if daily trading is not the main choice.  Because by buying during the bearish season, maybe 2022 -2023 is the right time to buy.  And we hold, waiting for the ATH that matches the target we have planned.

[joniboini]

Rather than taking stupid steps like I've done in the past, the best way now is to wait for a bounce. And don't forget to net Bitcoin at a very cheap price to fill our bags again when it turns out the price experiences another correction.

I still get secondhand embarrassment whenever I remember how panicky I was in the past and failed to capitalize on a good entry or exit point to secure profit. Some analyses that I read also suggest that we will likely see another pump near the end of the year if the pattern is still there, so I'd bet on that and put on a stop-loss for now. My cold storage will remain untouched for the foreseeable future though.

Because by buying during the bearish season, maybe 2022 -2023 is the right time to buy.  And we hold, waiting for the ATH that matches the target we have planned.

Unfortunately, it's really difficult for most people to find the right timing to buy when a bear market hits. Most of the time they're trying to catch a falling knife instead. I guess DCA can alleviate this issue as long as they can be disciplined.

[EluguHcman]

The volatility of Bitcoin is parallel and can also be divergence  so with the current flaunting of the market condition, it seems an opportunity to accumulate more and get stacked in my walle.

It is a good strategy to always take your portion at when you think the market is okay for you. To me now it is preferred to purchase more coins to my asset while I know that when the market kicks up, I may only be able to purchase little values   due to market increase.

[Stompix]

A bit of a reminder that some got the wrong definition of FUD!
 Facts You Don't Like is not FUD, one must understand that in every market will be negatives, sticking your head in the sand and saying everything will be fine will not always work for you.

Even in the event of a pandemic, the price of BTC fell by 50%, so in a worst-case scenario, I don't see it going lower than that. I also believe that a new bull run awaits us in the rest of the year and next year, although we should be honest and say that many have already profited, given that we already had one bull run thanks to the approval of spot ETFs.

Eh, even 50% depends on what is that 50% from..
One could easily take a 94% drop when BTC was at 2$, and had barely 100$ in it, but losing even 50k out of 100k starts being different.

As for the ETFs I'm not putting much faith or hope in it, the interest rates are what will trigger it in my opinion, not this June as it's clearly they will not change it but probably September!
Of course, if Israel invades southern Lebanon and Iran runs amok in the straights prepare for the bears of winter.

[Pastaral]

The way the Bitcoin market is going right now seems to be doing a lot of good. Long-term holders of Bitcoin will do well if they hold until 2025.Again, those who want to invest in Bitcoin have to take a risk.Because they are in panic because of some wrong information.Because we all know it is very profitable. If they want to invest in this time then they should have good idea about investment.They can hope for something good.

[Fivestar4everMVP]

Hi fellows...

In a couple of days market is in another mood especially, what do you guys think about the month of JUNE for Bitcoin, I've explained my views in many posts on different topics and how according to my experience market will behave in the coming weeks even in July. The market is in kind of swinging mode, how you are taking this are you planning for regular accumulation in BTC or waiting for a clear turning point?

Also mention where you think the market can take a turn, what are the levels to watch in your views

Note this topic is to get a clear view of the community as there are very few topics with mixed discussion so I thought why not collect the particular comment under a single topic.

Well, I am not a trader but for me, June wasn't really a good month for bitcoin, and the rest of the cryptocurrency market, with the current downturn of the general market after bitcoin recorded the new all time high it did in the first quarter of this year, it's kind of unfortunate that announce that I am currently down by more than half of the value or worth of my entire portfolio at the time bitcoin was a little above $70k.

There is an Altcoin I bought $500 worth at $0.23 each, but right now, that same Altcoin is selling for $0.08 each, but I am not panicking, this is actually a very good buying opportunity if only there were any Extra money laying around.. But again, I am hoping and believing that the market will start to recover fully again by the ending of July going into August.