From waiting for Bitcoin prices to go lower to hoping that the fun goes
on, community members shared their thoughts on crypto prices.
Buying the dip instantly becomes a nightmare when crypto prices go
down even further as the bear market continues its onset. However,
recent dips show that current prices may potentially be a good entry
point for traders. To find out what the community thinks, Cointelegraph asked Twitter to answer the question — is the bottom in?
From bracing for further impact and waiting for Bitcoin (BTC)
prices to go lower to hoping the fun that comes with a bull market goes
on, crypto community members shared their thoughts on the crypto
prices’ bottom.
Some Twitter users are convinced that it's not yet the bottom. One community member replied
to the thread, saying that people should be ready for Bitcoin to go
even lower. "This winter will be hard," they wrote. Despite being of the
same sentiment that it's not yet the bottom, another Twitter user shows
a more positive vibe saying that they just cashed some winners and are waiting for what’s next.
Meanwhile,
a community member who wrote “shitcoin maximalist” on their Twitter bio
replied to the thread in a jolly manner but was seemingly tired of the
crypto crashes. They tweeted:
Apart from these, another community member also responded with hopes
that the recent price dips are already at the bottom. According to the
community member, unless the BTC price leaves the $25,000 mark, traders
will not know if current prices are truly the bottom. However, the
trader hopes that this is it so that "the fun can resume."
Related: Reddit NFT avatars selling for a premium on OpenSea
In September, analysts discussed the Bitcoin bottom topic and gave their thoughts in a Twitter space hosted
by Cointelegraph. In the talk, Blockware Solutions analyst Joe Burnett
said that there are many factors that put pressure on Bitcoin, including
government attempts to combat inflation.
source link : https://cointelegraph.com/news/is-the-bottom-in-crypto-community-shares-their-thoughts
