Quote from: cryptomaniac_xxx on August 04, 2022, 10:09:21 PM

Quote from: CryptoHeadlineNews on August 04, 2022, 07:14:40 PM

Quote from: Queentoshi on August 04, 2022, 02:44:47 PM

Quote from: feeling sound on August 04, 2022, 03:20:52 AM

market is doing fine.
How much deeper market gonna dive? Many believe we are near bottom.

I use to worry about the market price and wonder if we were at the bottom until I read a topic here from a user that regardless of how the market appears, 1btc remains 1btc and as hodlers of bitcoin in different quantity, we shouldn't bother ourselves with the fluctuating value but concentrate on getting more, I found it very encouraging and I think we should redirect our focus towards that instead of worrying about the market bottom.

You have a point here, but in as much as 1 Bitcoin remains 1 Bitcoin and yet it's value is still given with respect to dollar, people will always continue to be worried, because unless all items were sold in Bitcoin, then no one would have worry any longer, because the only thing that would have been required is a certain amount of BTC to purchase your item. But for the fact that Bitcoin is been valued to dollar people will always complain because what $30,000/ BTC can buy, $20,000/BTC can not buy.. So for me, I'm happy to always see the price of Bitcoin rise

I guess it's really up to us on how we see bitcoin, as you have said, most of us there see is as 1 BTC=1 BTC others pertain it on USD value. As far as the bottom, we might have hit it already, but there are still some arguments and this is based on previous all time lows, that it has to reach -80% or higher to call that that we have hit the bottom. So far that is not yet satisfied. So maybe we will see another nose dive next year and that might be the final, before a leg up and then eventual bull run in 2024-2025.

Somehow 1btc is still 1btc but honestly every commodity or asset should be priced in USD or any currency. The value of bitcoin is being measured in USD price and that is true. We use bitcoin for payment, but the product is priced in USD, not bitcoin, bitcoin will only be paid at the time of conversion to USD.
I also personally expect bitcoin to hit a new bottom in 2023, $17.5k is not yet the final bottom for this bear season.