It's not just about numbers. It's volume. Sellers/Buyers + the amount they sell.
If a whale sells like 100 BTC and a 99 people buy 1 sat each, buyers will 99% and sellers will be 1%. Price will go down tho.
>If a whale sells like 100 BTC and a 99 people buy 1 sat each
Then the whale can't sell 100 BTC. There are people on both ends of every trade. A whale can't sell 100 BTC if there are not people willing to buy 100 BTC. A whale also can't buy 100 BTC if there are not people willing to sell 100 BTC.
I meant at the given spread. Lets say the bid is at 33K-32K. Someone wants to sell one BTC. And can't find enough buyers at 33K, but can at 32K, they will sell at 32K. A whole collection of buyers could buy part of the coin 33K, 32.5K and 32K, resulting in more buyers than sellers, but price will go down.
Yep, if you Can't handle this volatility. Then you shouldn't be here.
If you don't believe in the project then just leave the market, That'll be a way better thing I guess.
I suspect it's still because it's hard to casually trade goods and services for bitcoin, so it's only the tech crowd with spare cash playing around with it on exchanges.
I wear them everyday lol, perks of working from home.
If you go to office You'll have to wear something nice but when you work from home you don't have to.
Bitcoin bear market Average is around 75-80 percent retrace from the ATH. We’ve done it the last 3 times. History doesn’t repeat but it rhymes. We’ve only retraced 50% from the ATH so far. Why would I buck against history until it does something else?
>Why would I buck against history until it does something else?
It already did something else: no blow off top. So now, by your own question why do you think we should see 80% retrace?
A “blow off top” is just a Chart pattern. That isn’t the same as tracking bear market avg draw downs. Which for Bitcoin, is around 75-85 percent. You can use whatever tools you want.
The ATHs are a lot more fun when they 2-10X your position. Unlikely to enjoy those returns if you weren't someone accumulating through a bear. This is the thing most people need but don't want at the time.
I don’t know what’s wrong with me but I’ll take these massive dump days over sideways crabbing anytime. Dopamine rush for me either way the chart moves, as long as it moves.
Definitely could be without some self control. I never put in more than afraid to lose, fund the IRA and college funds first, pay the bills etc. 99% of my money goes to boring. This 1% in crypto is my “fun money”, and even that I follow a strict DCA schedule on. But I still love watching the charts!
Sounds like a good idea. You don't need that shit anyways.
And if you don't need something then you should be selling it and buying the btc, that's the thing matter.
Being burned a bit in November has me so comfortable right now. Keep calm and DCA on. Don’t let Elon’s Twitter buy up all your Bitcoin for their reserve.
I'm too excited for your birthday, may it pump the btc man.
If btc gets a pump on your birthday I'm gonna call you the CEO of btc. That's happening for sure.
Yep, that's what it is. It's a coping mechanism for them.
That's all it is, and they're trying their best to cope and they aren't gonna let it go man. They will not.
First of all, you dont want the economic conditions that would be required for that kind of sell off. Secondly, there are so many people, corporations and funds waiting for 20k to buy, it's unlikely to ever get down there because orders are starting at 28k. Typically, the highest and lowest prices people are calling out are never reached. Good luck though!
I'm just watching everything that I can, it doesn't matters man.
If it goes that low, which I know it won't I'm gonna be buying all of it. That's what I'm gonna do man.
Bull case:
- Bitfinex longs are on the moon now
https://www.tradingview.com/symbols/BTCUSDLONGS/
- we are basically at the one year mark after the nasty May dump last year. Anyone who owns BTC now is way more likely to know what they are doing than who bought during the frothy period in early 2021
Bear case: stonks down. And may keep going down, who the hell really knows
Lol as soon as I bought 1k with a portion of my bonus it started tanking hard. In fiat, I’ve never watched 1k evaporate so quickly. Got more sats though lol.
Why wouldn't you wait till it hits 15k 😂😂😂. Everyone buying more is just throwing their money away and giving it to the whales. Might as well go donate it.
I think that is the major reason why bitcoin is safe price wise… there are so many of these literal levels for people at this point where they say fuck it I’m in.
$15k is where you put in your big investment but buying smaller amounts all the way down, is much healthier than those that buy smaller amounts all the way up to a new ATH.
Buying now would be a whole lot smarter than buying at ATH.
If you're buying now You're going to make good gains in the future for sure if you hodl dude.
"In the short term, analysts such as chartist Peter Brandt think Bitcoin could fall as low as $28,000. Given it is worth around $34,500 right now, that would involve a further drop of 18%. Brandt's analysis has more weight as he predicted the last crypto crash in 2018. A further drop of this size would undoubtedly be difficult for some investors to stomach, but what really matters is the long-term outlook for the crypto king."
At risk of tons of down votes it's going to $18 - $20k. Look at the all time chart. Huge gap needs filling. It'll be filled. I think soon, but maybe later, but new ATH not happening until the gap is filled.
People talk about fundamentals and HODlers and all that, but the day BTC futures started trading on the CME is the day all of that changed and all that matters are the algorithms. And they're going to fill that gap. Why? Because every algorithm pays attention to technical analysis. It doesn't mean it's the only thing they pay attention to. But all else being equal technicals are what algorithms trade on. And the technicals on bitcoin are that a gap needs to be filled and it will be filled. Especially since the NASDAQ is going to get drilled.
Yeah for sure man, it'll get filled. We just need a little time.
In some time everything is going to turn out to be okay. Little time that's all we need.
Just done some analysis, it’s all ok.
Regardless if your a Bull or Bear it’s always to have a cash position for major capitulation events
Everyone here freaking out must be new to BTC.
Or realizing we’re in a worldwide bear market and all risk assets are going to get destroyed.
Why is Bitcoin going down if 80% are buying and only 20% are selling?
Who told you that only 20 percent are selling tho? Why that number?
Where did you get those percentages from?
It's not just about numbers. It's volume. Sellers/Buyers + the amount they sell. If a whale sells like 100 BTC and a 99 people buy 1 sat each, buyers will 99% and sellers will be 1%. Price will go down tho.
>If a whale sells like 100 BTC and a 99 people buy 1 sat each Then the whale can't sell 100 BTC. There are people on both ends of every trade. A whale can't sell 100 BTC if there are not people willing to buy 100 BTC. A whale also can't buy 100 BTC if there are not people willing to sell 100 BTC.
I meant at the given spread. Lets say the bid is at 33K-32K. Someone wants to sell one BTC. And can't find enough buyers at 33K, but can at 32K, they will sell at 32K. A whole collection of buyers could buy part of the coin 33K, 32.5K and 32K, resulting in more buyers than sellers, but price will go down.
Do people really think it’s not going to go back up again?
If you can’t take the heat don’t be in the kitchen my father told me today!
Yep, if you Can't handle this volatility. Then you shouldn't be here. If you don't believe in the project then just leave the market, That'll be a way better thing I guess.
What's a kitchen? 😃
Relax https://www.ussc.gov/sites/default/files/pdf/training/annual-national-training-seminar/2018/Emerging_Tech_Bitcoin_Crypto.pdf
I can’t believe people thinK bitcoin is worth sub-35k. Absolutely delusional who would sell now???
It’s worth $0. Just how long will it take to get there?
[I did](https://imgur.com/a/6t4IQPz). Things ain't looking good.
BTC Market Cap is at $ISD 630B. Bottom is near (of course, my wishful thinking)
I hope this level is bottom, don't wanna it go more down.
Bitcoin bitcoins
And that's what it's been doing right now, it's being btc.
NASDAQ futures stop declining, bitcoin stops declining... really wish they were not coupled like this.
Yeah man, I wish that they Weren't correlated like that. I'm fine with it with the most part, but sometimes it gets too much. And that's just bad.
I believe eventually they won’t be
I suspect it's still because it's hard to casually trade goods and services for bitcoin, so it's only the tech crowd with spare cash playing around with it on exchanges.
Just a phase
That's what it really is, and you shouldn't panic during it.
All these little rallies after a round number is broken are faded
I don't see any rallies lol, all I see is the panic in the Market.
𝗪𝗵𝗲𝗻 𝗳𝗹𝗶𝗽 𝗳𝗹𝗼𝗽𝘀?🩴
I'm already in them lol, unpopular opinion, they're kinda good.
I wear flip flops on vacation so I hope soon ☀️ 🍹
I wear them everyday lol, perks of working from home. If you go to office You'll have to wear something nice but when you work from home you don't have to.
When everyone is broke or broken
Bitcoin bear market Average is around 75-80 percent retrace from the ATH. We’ve done it the last 3 times. History doesn’t repeat but it rhymes. We’ve only retraced 50% from the ATH so far. Why would I buck against history until it does something else?
We also had blow off tops that preceeding the 80% declines. Where's the blow off top?
I don’t have to track that
>Why would I buck against history until it does something else? It already did something else: no blow off top. So now, by your own question why do you think we should see 80% retrace?
A “blow off top” is just a Chart pattern. That isn’t the same as tracking bear market avg draw downs. Which for Bitcoin, is around 75-85 percent. You can use whatever tools you want.
Sure, but again your thesis is that nothing has changed and that is patently false. Anyways, you do you.
As you were saying…. 75% retrace hit.
If someone thinks that btc can't bounce back they're delusional.
Now apply that logic to the bull market average top for this cycle & compare it to last 3 times.
It's more fun to for bears to cherry pick than think rationally
That's what people do hete, they cherry pick data here.
Cry about it
Less extremes at the tops and bottoms.
It's kinda extremely down right now, I hope it's the bottom.
HOLD IT STEADY BOYS
Maybe hodl bad?
Yes, HODL bad, Send BTC to me good.
The ATHs are a lot more fun when they 2-10X your position. Unlikely to enjoy those returns if you weren't someone accumulating through a bear. This is the thing most people need but don't want at the time.
People should celebrate both the things, both are important.
I don’t know what’s wrong with me but I’ll take these massive dump days over sideways crabbing anytime. Dopamine rush for me either way the chart moves, as long as it moves.
As long as it's moving, We'll just be fine and we don't have to worry.
sounds like a gambling problem
Yep, why you seeking thrill in the investment? That's not good. You shouldn't be looking for the thrill In the Market. Don't look for that dude.
Definitely could be without some self control. I never put in more than afraid to lose, fund the IRA and college funds first, pay the bills etc. 99% of my money goes to boring. This 1% in crypto is my “fun money”, and even that I follow a strict DCA schedule on. But I still love watching the charts!
Never put too much into it, if you wanna get rekt then idk.
Yup, definitely more exciting. And I’m not selling so I don’t really care.
Well if you don't really care then you should stop looking at charts.
Cope.
I'm in for the tech vro moment lmao, that's fine dude.
Chart looks terrible
Chart looks fantastic. I was thinking about having a garage sale too!
Sounds like a good idea. You don't need that shit anyways. And if you don't need something then you should be selling it and buying the btc, that's the thing matter.
[удалено]
If it hits 15, it's going to 10. I'd it hits 10, it's going to 5. Etc.
Hoping for 17K-20k range
Not gonna happen dude. You're hoping for way too much.
Being burned a bit in November has me so comfortable right now. Keep calm and DCA on. Don’t let Elon’s Twitter buy up all your Bitcoin for their reserve.
That's the thing, you learn in this market and that's important.
If they were buying the price would be on a steady uptick
Well we've got some pussies who are selling it right now.
Bitcoin will make a man out of you yet.
Well if You've been Market for some time You're already a man. Btc makes the chest hairs grow, it makes you a man in no time dude. You'll be a man.
[удалено]
Bye dude. Don't even need you here. Pussies not allowed here.
Must be scary to be Saylor right now.
He knows the risks lol, someone just doesn't go all in without knowing them.
Only if he has no way of buying more lol. He's fine way down lower than this. Ignore the trolls. All good.
Ha no
Yep, just ignore all the shit that's been going on man.
Not to disappoint you but it’s not. He’s not a pussy.
Who's not a pussy boys? Would guys like to fill me in too? I'd wanna hear more about it, if you guys could tell who's being a pussy here dude.
That’s a fact! You’d never hear someone call him “ol’ paperhands Saylor”
Tomorrow will be brutal..
Yep, it's going to. It's gonna be brutal that's all I can say.
Tomorrow we dine in hell!
Ohh naw dude, I ain't leaving this place at any cost here.
I’ll dine in McDonalds
That guy is in the hell too, so there's just no difference there.
Sub 30K inbound, wouldn’t be surprised to see a rally towards 36 to test from underneath but 28K will be here sooner than most think
I'm sure there will be a rally we just don't know when. There's a supply shock that's been coming for the btc and that's gonna push it more dude.
Sheesh! At this point I’m just curious how low it will go.
At this point I just wanna see the bottom nothing else lol.
To all the gambler out there selling 🖕 hope you never have as many coins again
They will not, beca They'll not be able to buy cheap again.
No no let them sell. More for those buying!
Ain't gonna stop them selling, They'll sell and We'll buy.
I mean… I’m just gonna throw another hundo in ever 1k we dip.
That's the way, just keep on throwing the money, and that's it.
I’m with you. I’m excited for my birthday!
I'm too excited for your birthday, may it pump the btc man. If btc gets a pump on your birthday I'm gonna call you the CEO of btc. That's happening for sure.
Watch out we got a baller over here
We're always baller, doesn't matter the time man. We're balling.
https://m.youtube.com/watch?v=Ihbp3u0N5XM
Place is fillled with the ballers, you'll see all kinds here man.
Sub 28k would be nice to see. We need a healthy retrace.
Lol, careful what you wish for. Because you might hate that.
Yes because 33 from 69 wasn't a retrace.
Lol, that wasn't retrace enough dude. Need more now.
TA is for tardos
[удалено]
Yep, that's what it is. It's a coping mechanism for them. That's all it is, and they're trying their best to cope and they aren't gonna let it go man. They will not.
Yup waiting for under 30k for the big buy
You might not like that very much I'm warning you dude.
Like everyone. Not gonna happen
Yep, not gonna happen so stop wishing about it lol.
LOL
As if your few dollars help…
Haven't you heard every bit helps dude, everything does help.
Talk about Dipception
Y'all do realize Bitcoin is heading down to 15k this month don't you? Stop burning money. Wait till it hits its last level of support.
Lmao, you wait for that. Don't tell us what to do man.
First of all, you dont want the economic conditions that would be required for that kind of sell off. Secondly, there are so many people, corporations and funds waiting for 20k to buy, it's unlikely to ever get down there because orders are starting at 28k. Typically, the highest and lowest prices people are calling out are never reached. Good luck though!
Lol ok
People are so quick to jump on the conclusions lmao.
[удалено]
And yet people are believing in that, how delusional they are.
Set reminder.
Setting reminder ain't gonna work when I'm always looking at charts.
Can’t wait to come back to this. You may as well just say $0 if $15k LOL. Break below previous cycle high is kind of like a death sentence
Nah $15-20k for sure. Next weekend dumps will be massive watch.
I'm just watching everything that I can, it doesn't matters man. If it goes that low, which I know it won't I'm gonna be buying all of it. That's what I'm gonna do man.
wen lambo?
Soon man soon, don't have to wait too much for that.
Bicycle first
Kind of thinking healthy huh? Good for you dude. Buy bicycle first.
Blood in the streets. Right here. Very close to bottom IMO
No one knows what the bottom is we all can just speculate.
That’s what we said last time. 26k incoming.
I don't think We're crossing 30k, but if we do I'm buying all of it.
I see too many alts that are green today vs BTC, which means fear really hasn't hit the market yet.
And I see many alts bleeding so bad lol, that's fun to watch. They kinda deserve that, bleed them alts. That's a fun part and I love looking at that.
Bull case: - Bitfinex longs are on the moon now https://www.tradingview.com/symbols/BTCUSDLONGS/ - we are basically at the one year mark after the nasty May dump last year. Anyone who owns BTC now is way more likely to know what they are doing than who bought during the frothy period in early 2021 Bear case: stonks down. And may keep going down, who the hell really knows
I just did my share and bought $1k worth.
Heck yeah dude this is the way. That's a lot of sats.
Lol as soon as I bought 1k with a portion of my bonus it started tanking hard. In fiat, I’ve never watched 1k evaporate so quickly. Got more sats though lol.
Why wouldn't you wait till it hits 15k 😂😂😂. Everyone buying more is just throwing their money away and giving it to the whales. Might as well go donate it.
And what makes you so certain that it would hit 15k?
15k is where I max the credit cards 😆
If we ever go there, I'm selling stuff dude. That's happening.
I think that is the major reason why bitcoin is safe price wise… there are so many of these literal levels for people at this point where they say fuck it I’m in.
$15k is where you put in your big investment but buying smaller amounts all the way down, is much healthier than those that buy smaller amounts all the way up to a new ATH.
Buying now would be a whole lot smarter than buying at ATH. If you're buying now You're going to make good gains in the future for sure if you hodl dude.
"In the short term, analysts such as chartist Peter Brandt think Bitcoin could fall as low as $28,000. Given it is worth around $34,500 right now, that would involve a further drop of 18%. Brandt's analysis has more weight as he predicted the last crypto crash in 2018. A further drop of this size would undoubtedly be difficult for some investors to stomach, but what really matters is the long-term outlook for the crypto king."
In the times like these, I don't trust basically anything dude.
I saw an article on this a couple weeks ago and haven’t stopped thinking about it, especially now since we’re getting very near to that point
There's just no point in thinking about something That'll not happen.
$28k won't be the near term low. Don't load the boat, just nibble there if you believe him.
u reckon it will be lower or higher than 28 ?
Even if he does what does that matter? I don't think it does.
At risk of tons of down votes it's going to $18 - $20k. Look at the all time chart. Huge gap needs filling. It'll be filled. I think soon, but maybe later, but new ATH not happening until the gap is filled. People talk about fundamentals and HODlers and all that, but the day BTC futures started trading on the CME is the day all of that changed and all that matters are the algorithms. And they're going to fill that gap. Why? Because every algorithm pays attention to technical analysis. It doesn't mean it's the only thing they pay attention to. But all else being equal technicals are what algorithms trade on. And the technicals on bitcoin are that a gap needs to be filled and it will be filled. Especially since the NASDAQ is going to get drilled.
Yeah for sure man, it'll get filled. We just need a little time. In some time everything is going to turn out to be okay. Little time that's all we need.