2 weeks to the end of August what do you think

[ZAINmalik75]

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.

[Z-tight]

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.

[SmartGold01]

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.

[UNIVERSE]

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.

[Z-tight]

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.

[SamReomo]

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.

[sampoerna]

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.

[Vx1]

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.

[SmartGold01]

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.

[doc]

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.

[SmartGold01]

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.

[ZAINmalik75]

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.

[UNIVERSE]

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.

[pieppiep]

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..

[bayu7adi]

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.