Just saw the latest Bitcoin price drop. Looks like the December rally ended with a bang, huh? Indicators are showing some serious weakness. IFP is below average, which isn’t a good sign. Historical trends suggest we might be heading for a correction.
Bitcoin: Are We Heading for Another Crash?
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SilentHodlerMember
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#2Jun 29, 2023, 05:39 AM
Not a TA expert here, but if the four-year cycle holds true, a bear market seems inevitable at this point. Not sure if Bitcoin investors will jump ship to other options when that happens... I think I'm sticking to Bitcoin, though. Bear markets could mean new buying opportunities.
You have to look at gold and silver hitting all-time highs while stocks are creeping close too. Smart investors usually cash out from overvalued assets. I think they’ll funnel money into Bitcoin next, not the other way around.
shard_2013Full Member
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#4Jun 29, 2023, 10:00 AM
Totally get that. Gold and silver might not skyrocket like Bitcoin can. It’s a solid store of value, no doubt. I’m not too optimistic about a major price jump anytime soon, though. I actually thought it would dip more by now but looks like it’s hanging around the $90k mark.
I keep hearing that if you’re in it just to get rich quick, Bitcoin ain’t for you. Patience is key. Those who thought they’d be cashing in big by December after jumping in earlier this year are probably bummed out.
True! Investors want quick wins, especially when stocks and metals are doing better right now. It’s natural to chase what's hot at the moment. But Bitcoin really isn’t a one-year get-rich scheme. Those who understand its cycles will stick around.
roguesatoshiFull Member
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#7Jun 29, 2023, 11:56 PM
Every market has loyal investors, right? Some will tough it out through a bear market. But yeah, a lot of speculators will probably shift their focus to other markets for better profits. I see ETFs taking a hit too.
Yeah! We've got seasoned investors from the gold and Wall Street camps who have probably been through a couple of cycles by now. But even they can’t escape a rough bear market. I’d say diversifying is smart gold is a solid option.
Bear markets hit altcoins hard. Almost all of them are rekt right now except a few. But Bitcoin? It should be a bit less volatile this time around. Once the bull run kicks back in, it’ll reclaim its value.
+1 on that! Those shitcoins are really taking a hit. But Bitcoin historically bounces back from dips, so it’s a safer bet. Instead of chasing after those losers, just stack up on Bitcoin and use DCA.
Long-term holds are a must for any investment. This applies to gold and silver too, which have longer cycles than Bitcoin. Shifting capital isn’t about disinterest in Bitcoin. It’s smart investing, rotating funds for better gains.
I’ve been keeping an eye on Bitcoin’s price action, and it’s been down significantly compared to its past peaks. If we hit another ATH in 2025, a drop of over 50% wouldn’t surprise me.
I feel you on the uncertainty. We seem to be at a crossroads. Some say cycles have changed, while others think we might see a downturn. Who knows? I’m just not ready to stake any strong predictions.
cobra_bullNewbie
Posts: 55 · Reputation: 19
#14Jul 4, 2023, 10:22 AM
Whales are mostly all-in with Bitcoin. They don’t usually sell off during dips. I doubt we’ll see a heavy bear market again, especially since many big holders are in it for the long haul.
I agree. Patience is key. If 2026 sees a drop of 50% like predicted, the plan would be to just keep buying and hold. Thinking of price fluctuations just leads to indecision. Bring on the dip, I say.
Bitcoin rode its lowest price around $76K this year, hitting an ATH of $126K. Investors are sometimes too eager to sell for quick gains. It’s puzzling really. If you’re in for the short term, why start with Bitcoin?
I honestly see a crash happening soon as we approach year-end. By 2026, we could be in a new phase of volatility. Prepare for a potential bull run or a slight drop as we wrap up this year.
Isn’t a bear market unavoidable after the halving? I get that it’s a pattern, but I doubt the drop will be severe. I think Bitcoin might bounce back early next year. Rather than stressing, long-term holders should see this as an opportunity.
You can’t predict market cycles perfectly. Still, if the four-year cycle is valid, I’ll stick with Bitcoin and be ready. Honestly, if it tanks like before, that’s just a chance to buy more during the DCA.
I don’t expect Bitcoin to hit another ATH this year. News about interest rate cuts has boosted market moods lately, but the high outflows are concerning. I doubt we see prices over $100k this year, maybe some gains early next year.