Bitcoin is at a crucial all-time level

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calmgasFull Member
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#1Mar 12, 2024, 12:59 PM
This is basically a test for your patience and guts. 15 years of Bitcoin price data, and it hasn’t broken this level even once. This model has stayed true through every crash we’ve experienced. It accurately identified every Bitcoin bottom, and it looks like it’s about to do it again. If this level holds, we’re really close to the Bitcoin bottom. If you missed out in 2020 or 2022, this is your shot. Don’t let it slip away again.
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coin_sigmaLegendary
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#2Mar 12, 2024, 01:32 PM
Well, historical prices still give us an idea of how Bitcoin prices perform on every cycle; it seems that it won't change forever. We might already be at the bottom price; buying right now isn't a bad decision if you are going to hold it until next cycle. The bitcoin price history would tell you that if you buy right now, holding it until 2029 will make your profit double. However, based on the chart, it seems the dip price could be near $50k, but I am not sure yet until the $60k level breaks. That's why DCA is a good way to spot the bottom, and every time the price drops is an opportunity to snipe the dip. For now, the current Bitcoin status seems to be under consolidation; it plays between $60k and $70k.
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bull2011Member
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#3Mar 13, 2024, 12:19 PM
Of course, buy Bitcoin consistently with a long-term plan and holding it for a long time with confidence, you can expect big profits in the future. I think this is the best time to buy Bitcoin because the price of Bitcoin is relatively low. By taking advantage of this opportunity, you can buy as many Bitcoins as you can and wait for a good time. By adopting the DCA method, buy Bitcoin is much easier because you can buy small amounts of Bitcoin continuously despite the volatility of the market, which reduces the investment risk and gradually owns a large amount of Bitcoin without additional risk.
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chain2009Full Member
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#4Mar 13, 2024, 06:15 PM
Bitcoin is at a very critical point in terms of the price as we have seen a very big drop in the price of the asset, and this only brings to mind the question about doubt and fear to the mind of many. I agree with you that it's a test of patience at this point in time because we are in one of the biggest dips in the history of Bitcoin. Bitcoin is at a crossroad and many are waiting patiently to see what next step that they are going to take because most people are scared with this present price as the dip continues. As you have mentioned Bitcoin has shown to bounce back historically no matter how low it gets to. This is the time you will see those who are actually committed to Bitcoin and believes in its future.
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gw31_2021Full Member
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#5Mar 15, 2024, 01:38 AM
When price started falling, it was believed by some persons who said that $90k was the bottom, it dipped to $80k and it was still the bottom too according to some people but no body actually knows the price that will be the real bottom before the cycle will close, Bitcoin is just a speculative investment and you have to buy and hold at a price that you feel you are okay with, do not pay so much attention to what others are predicting because some people wants to push fomo and make retail investors to sell. This cycle is going to be over but while it lasts, we should buy at any price that seems ok for us.
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QuantumVectorFull Member
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#6Mar 15, 2024, 06:30 AM
If it's about missing a chance to invest in Bitcoin, people will still miss the chance to invest in Bitcoin at a discount price, for the long term. The missing chance has happened in the past, it will still happen again and people will give their reasons as usual of how they procrastinate of not buying Bitcoin at a low price, how they thought it won't increase again, buying won't give them the yielded profits they long for. So many other reasons will they give just to justify why the miss chance of investing in Bitcoin.
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jake.chainSenior Member
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#7Mar 15, 2024, 06:22 PM
Glad you didn’t talk about the bitcoin bottom in a negative way because some would use it to spread FUD. Bitcoin has recovered time and time again, it’s just up to us how we use the market cycles in our favor.
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0x0rb1tSenior Member
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#8Mar 15, 2024, 10:39 PM
I believe what we see right now is another opportunity for investors to prepare themselves for a potential bull run which is likely to take place in 2028 due to the halving event. The cycles have been repeating themselves without failing and those who are into this market for long enough have already witnessed it. Meanwhile, there always those who claim Bitcoin is going to die, but it has never happened for real. This side aspect is also part of Bitcoin cycles along the years.
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pixel_whaleFull Member
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#9Mar 16, 2024, 02:40 AM
The polarization is like that, we have to see every cycle there is a minimum decline as a catalyst for the lowest price, and it is just a speculation on social media, believe it or not depends on yourself and the mistake is FOMO, whether selling or buying this is a mistake that is often overlooked by many bitcoin investors which makes them fail in investing, if only they firmly held bitcoin maybe many people could have been rich long ago, but the fact is not because most people have fear and panic like this, people like this are not strange, but for us we must keep HOLD if we want to get profit in bitcoin.
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proto_pixelFull Member
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#10Mar 16, 2024, 04:10 AM
I like people who are still optimistic even though some downturns have occurred and should have happened to be able to go even higher. 2020-2022 was a year where the struggle yielded satisfactory results and provided great profits for those who were able to survive the extreme price drop in 2020 with prices plummeting to a low of around $3,800 due to the global pandemic panic, but then rose slowly until reaching ATH $69,000++ and fell slowly in 2022 but still remained high. And now that cycle is about to start again, just need to buy gradually and hold for the long term until the ATH that we didn't think could be reached or want to wait for that last ATH can provide more profit as well.
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guru365Full Member
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#11Mar 16, 2024, 04:51 AM
It is well known that during the bear market, Bitcoin dips, and the history of the price shows that Bitcoin dips more than 70%, so the current dip is far from the bottom.  We might see Bitcoin crashing for lower price in the next months, we have more than 2 years of bear market anyway. The best thing to do today is to accumulate.  If money is not an issue, then we should start buying now.  Let us take advantage of the year where Bitcoin is selling at a huge discount.
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paul_omegaFull Member
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#12Mar 16, 2024, 09:04 AM
Those where some good old times when I was trying to find my footing in the space and every rise was so exciting to see however, it was a reflection of how much that can be gotten from having to sell, the take profit mindset with so little in investment but, all that have got to change. I would presume to be well aware that there would be those that would have this mindset on take profit haven’t invested at this time while a whole lot of others would express some skepticism on how Bitcoin have dumped and it’s best to shove all that aside, invest and allow your investments and profits to make even more profits.
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maxbridgeFull Member
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#13Mar 17, 2024, 08:12 PM
The historical market prices has also been what actually gives investors the courage to keep buying Bitcoins despites the volatilities while the DIP is sighted to be better opportunities to buy in a cheaper rate as price may increase in the long time. It is a collection of record that is hopeful if Bitcoin has to keep following it up will always meet new ATHs to give investors profits. Price Speculations is usually analysed based on past performances therefore gives an avenue to strategically accumulate Bitcoins timelessly because in the long run the price is always doubled.
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raven_sigmaFull Member
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#14Mar 18, 2024, 01:14 AM
do you know that from my principles, nobody miss any opportunities to invest in bitcoin....if you dont invest in bitcoin now the price is low, that doesn't mean that you miss opportunity for bitcoin investment.... let me tell you, do you know that most people that own a large numbers of bitcoin today are people who condenm bitcoin from initial...at of then, they missed the opportunity to invest in bitcoin, but they later invest in bitcoin after they think that they have missed out....let me tell everyone...bitcoin investment is a continuous process, theirs no time you will invest in bitcoin and hold it for long-term that you will not make a profit.
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SwiftMinerSenior Member
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#15Mar 18, 2024, 06:56 AM
One thing I'll prefer to preach constantly is actually tolerance level. Psychologically most people prefer to see a bull first before they buy that's because they find it hard to believe the dip is over when they've not yet seen a reversal and it's pretty considerably considering how technicals work. Based off this I don't fancy the preachings to buy since not everyone is comfortable buying at some point but just for because of FOMO.
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maxi2017Senior Member
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#16Mar 18, 2024, 12:45 PM
what price level would that be?  and what happens if it doesnt hold? You probably already know the saying "Past performance is not a prediction for the future", you talk about "finding a bottom" as if it was a done deal.  This is how many people get liquidated.  History may follow a pattern, but eventually the pattern is broken.
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r34l_bridgeFull Member
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#17Mar 20, 2024, 01:25 PM
If you don't know where to check full history of Bitcoin price as well as get some information about earliest days of Bitcoin exchanged like how people in the past did it, there is A website with a most comprehensive all-time Bitcoin price history chart. https://bitcoin.zorinaq.com/price/ Some more information. Bitcoin price history, ATHs and bottoms. Historically, in previous market cycles, it was % dip from ATHs, that are -93%, -85%, -84% and -77%, and perhaps in this cycle, there will likely be a smaller correction, smaller than -77%.
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proto_pixelFull Member
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#18Mar 22, 2024, 01:44 AM
Bitcoin's price plummeting is not without reason, because technically it's already quite high with an ATH that is even beyond my target at first. Then the decline again occurred making many people panic, but if they understood the previous pattern then there was nothing to be afraid of as long as they still had spare money from some sales at ATH with more profits. Now you just need to see where the right price is to enter or maybe just do DCA on each drop with the money management that has been prepared. I may not have much, but try to make the most of this opportunity well enough for the long term.
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LoneRocketSenior Member
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#19Mar 22, 2024, 06:19 AM
At least this puts an end to the recent theory that the Bitcoin cycle is over. We now know that the Bitcoin cycle hasn't broken and that we are currently in a downtrend, with a likely return to an uptrend after the 2028 halving. Although I'm not sure we've bottomed out yet and expect further declines, accumulating Bitcoin according to the DCA remains the best option until the next rally.
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madfalconFull Member
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#20Mar 22, 2024, 09:08 AM
Well, sorry but I don't believe in all this prediction about bitcoin already reaching its bottom in terms of price and all, and the reason for this is because the price of Bitcoin can not be accurately predicted at any time.. Many people including influencers who many newbies look up to believing they know much better have said that no one would be ever able to buy bitcoin below $100k again when the price of Bitcoin reached its all time high of $126k, but today, bitcoin is struggling to maintain stable price between $65k and $70k, and I ask, what happened to all of that comment that no one would be able to buy bitcoin below $100k? To be honest, I stopped listening to what people say because I realized that they are just as ignorant as I am, a blind man can not pretend to see so as to lead another blind man, both will crash... What I do is buy bitcoin at the price I am most comfortable with and hold, there is no need waiting for any bottom because no one knows when or what price is the bottom.
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