Quote from: hZti on Today at 05:29:14 PM

Quote from: JayJuanGee on August 07, 2022, 02:11:02 PM

Quote from: minime0105 on August 07, 2022, 08:34:31 AM

Buying cryptocurrency now it's something that is will be profitable in future because and the price is low and you purchase cryptocurrency nothing will make risotto rice in next one year. So those people who is buying cryptocurrency now is in the rightful position because of it's increment. I believe that cryptocurrency is good to be invested for because of the possible opportunity of the increment. So believe

Funny (or would we label it as strange?) that you (minime0105) did not use the word bitcoin at any one point in your post, so it is not easy to know what you are talking about buying.

I would stay the fuck away from buying crypto that seems like a dumbass and vague idea of any kind of thing to think about buying (the reason that the term crypto is associated with shitcoin is because they are crap including some smoke and mirror bullshit like ethereum that could get rug pulled at any moment as well), but buying bitcoin seems like a good idea for anyone who has money during these seemingly dippening times.

Right now, bitcoin's 200-week moving average is approaching $22,900 and it is continuing to move slowly upwards, and historically the BTC price has tended to not be at or below the 200-week moving average for very long periods. So we are getting close to two months of the BTC's spot price being being below (or around) the 200-week moving average.

There are many indicators that people use to tell you why bitcoin will go to an ATH soon. Still in reality it all comes down to supply and demand. There are constantly new people in crypto and if prices go down you can get more crypto for the same price. So at some point there is more money than bitcoin and prices will go up. We just have to be patient and wait.

I am not sure if I understand what you are saying exactly hZti because people use the term crypto in a lot of ways, so sometimes it can be helpful to specify what you mean - even though it seems that I largely agree with your overall point that if there is more money coming into various spaces that are tangential to bitcoin, then likely some of that money is likely to flow into bitcoin.

It does seem that we are also going through somewhat confusing kinds of times around now with a lot of various projects blowing up because there is overlap with various fiat systems and also with various shitcoin projects in which value gets created out of thin air and then might either blow up (disappear) completely or some of that value might get transferred into projects, assets or currencies that are able to retain their value.

There have been some expressions (presumptions) (and maybe you are suggesting this hZti?) that "everything is good for bitcoin." However, when value is robbed or created out of nowhere or is transferred through seemingly fraudulent mechanisms and practices, then there can be questions about whether some of those things are "good for bitcoin" or if they might even be ways to attempt to purposefully attack bitcoin, even though I remain reluctant to subscribe to any theories in which all the bad guys are coordinating because sometimes there might be various coordinated attacks or coordinated attack attempts, but sometimes there may well just be opportunism going on.. and it cannot alway be known the extent to which coordination was happening or up until what levels.

Quote from: borovichok on Today at 05:35:21 PM

Quote from: tjtonmoy on August 07, 2022, 02:57:34 PM

This is common knowledge. Panic seller will sell and dump the price, while people with good crypto knowledge will stay in the shadow and wait for the perfect time/opportunity to fill up the bag.
This is why they say, Less knowledge will lead you to your downfall.

Dumping the price of a coin also leads to it's low market cap including it's trading volume. The reason behind a coin dumps is as a result of big whales in the market triggering their sell order on a coin inother to trapped traders. The whole space is all about patience and getting the right entry for position trading. Knowledge is also the key points in the space if one needs to have average passive profits. Acquaintance with proper trading tips also helps reduce loss and increases gain rate.

I doubt that this topic is specifically about trading, even though it does imply that some bottoming might have been taking place - which surely is a far from certain in terms of figuring out where is the bottom. And also this thread is about bitcoin.. not about "a coin." There are a lot of coins out there.. and a lot of shitcoins, so we can go all over the place with the topic if we try to figure out various possible entry points for a variety of shitcoins - and yeah sure, many of us likely understand that a lot of the shitcoins are somewhat attempting to coordinate their pumps and their dumps with various bitcoin cycle happenings.. but still, what are we talking about when we mention what "a coin" is doing? Are we talking about bitcoin or some other coin? And if we are talking about some other coin, then likely we are off topic, unless we are somehow attempting to describe how that might relate to bitcoin or the extent that "a coin" - other than bitcoin is relevant here?

Quote from: albertorma on Today at 05:43:31 PM

We had > 400B daily volume in the last drop. With FTX being the biggest player, I think further liquidations will be extremely irrelevant. Smart thing to do is buy. Fundamental value of bitcoin has never changed.

Hm? Tell me more. You have been registered here almost as long as me, so there are a variety of ways that you could have been accumulating BTC in the past more than 7 years... Of course, I am not disagreeing in regards to the BTC price being at historical low levels, but how can we tell that it is a good time to buy.. also, there may be some of us who have been buying all the way down from $69k until now, and then what happens if we run out of money to buy more? Sure some folks have cash flow and some do not..

Quote from: Captain Corporate on Today at 06:10:03 PM

It is really not a surprise that people could end up working towards buying more during what we call the "accumulation phase" because in the end its the lowest point we have seen in a long time and that is why its easier to buy as of today. Doesn't mean it will make you super rich tomorrow, it will of course take a while before it is high, but it is also a great place to buy and hold. "Strong" is a different word though, I might say rich people, because when you are poor, seeing your investment crashing down is harder,w hen your 5 million dollars become 500k, while you still have 90 million dollars in the bank, its not that hard to have a strong hand.

I doubt that strong has to do so much with how much money that you have, but surely there could be some truth that someone who had $9million in the bank versus $5million versus $500k will be thinking about these matters differently, and some of these guys are going to be able to afford to be sufficiently diversified into a variety of assets - but also maybe the question is about whether you are in a building stage of your assets versus if you are more established - either way, you could be a "strong hand" if you have figured out ways to approach your investments in ways that are suitable to your situation..

and maybe not putting too much of your networth, principle or value into one asset class - even though in the earliest stages of investing it is likely more practical to start out investing into one asset class and frequently it will not really be a good idea to diversify too much too soon in your investment career.. and when I am referring to diversifying, I am not necessarily recommending that there is value in diversifying within the crypto space beyond bitcoin.. .. so yeah, if you are early in your investment career, you might be happy to be able to accumulate bitcoin at a lower price, but if you have accumulated some bitcoin but you are still kind of early in terms of building your investment portfolio you might be more stressed than someone who has been able to build various cushions- not even presuming that everyone who is rich was born with cushions because there can be quite a bit of variation in starting points, including advantages that some people might have with already having investing cushions in the beginning of their investing career/practices.

Quote from: Franctoshi on Today at 06:16:23 PM

Quote from: albertorma on Today at 05:43:31 PM

I think further liquidations will be extremely irrelevant. Smart thing to do is buy. Fundamental value of bitcoin has never changed.

No one knows if there's gonna be futher liquidation or not but for me I do think that the liquidation is still note yet done, but we're more closer to the bottom than before.
The number of wallets that are in profit is still like about 50% or more, So until we start to see a lot of this wallets be in lose, that will be the beginning of a bull market.

You are full of shit if you believe that there is some kind of need for more wallets to NOT be in profits in order for the bottom to be in. It could have well been the case that the bottom could have been in in May when we were in the UPper $30ks... It was also quite possible that the bottom could have been in around the 200 week moving average (which is now around $24k), and it would have been possible for the bottom to have been in within 20-30% below the 200-week moving average... but it wasn't.. and so now the BTC prices are quite lower, and the bottom may be in, and it might not be in... So there is no need for further down in order for up to happen.. it just cannot be known with any kind of certainty when the bottom is in, even though we might know about some factors, indicators or even background information that suggests to us which way we might believe the BTC price is more likely to go.. but we cannot really know what is going to happen until after it happens.

Quote from: Franctoshi on Today at 06:16:23 PM

The best thing ever to do right now is to keep buying as much Bitcoin as we can regardless of the continuous down pressure.

Cannot really disagree that we are historically low prices... and that BTC fundamentals are still strong, even though there could still be a decent amount of ongoing negative price pressures that still need to work themselves out.