{"id":371335,"date":"2019-02-13T20:00:49","date_gmt":"2019-02-13T20:00:49","guid":{"rendered":"https:\/\/wncen.com\/?p=371335"},"modified":"2019-03-11T20:35:13","modified_gmt":"2019-03-11T20:35:13","slug":"bitcoin-bottom-entire-btc","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-bottom-entire-btc\/","title":{"rendered":"Bitcoin Bottom Doesn\u2019t Matter, Last Time General Population Can Afford Entire BTC"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/wncen.com\/tag\/bitcoin\/\">Bitcoin<\/a> (BTC) has been pitched as peer-to-peer electronic cash, a store of value, a disruptor of traditional financial instruments, and a way to free the world from the shackles of the government\u2019s control over current fiat monetary system. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Given its potential to change the world as we know it, much like the Internet did over the last two decades, does finding Bitcoin\u2019s bottom really matter? According to some <a href=\"https:\/\/wncen.com\/tag\/crypto\/\">crypto analysts<\/a>, the bottom doesn\u2019t matter at all, and the current low prices could present the last opportunity for the general population to purchase an entire BTC.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Crypto Analyst: Catching Bitcoin Bottom Doesn\u2019t Matter<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Crypto investors everywhere are paying extra close attention to charts, market sentiment, and more, hoping to perfectly catch the \u201cbottom\u201d of the current bear market. However, given Bitcoin\u2019s considerable potential and how rapidly the price does rise during a bull run, timing the bottom really doesn\u2019t matter, and could cause investors to miss out on current prices.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Popular crypto analyst CryptoMento puts little weight into timing the bottom and offered up some price figures that put his comments into perspective. <\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">LET\u2019S JUST SAY<a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> Bottom = $2,000<a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> by 2025 = $100,000<a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#BTC<\/a> Current Price = $3,600<\/p>\n<p>Does it really matter if you catch the bottom?<\/p>\n<p>&mdash; \ud83c\udfb4 M\u039eNTO (@CryptoMento) <a href=\"https:\/\/twitter.com\/CryptoMento\/status\/22536192?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 9, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/wncen.com\/tag\/bitcoin\/\">Bitcoin<\/a> is currently <a href=\"https:\/\/wncen.com\/2019\/02\/13\/bitcoin-price-watch-btc-could-accelerate-gains-above-3650\/\">trading at around $3,600<\/a> after a powerful bounce near the 200-week moving average and a breakout of a falling wedge formation, but the most recent bottom is around $3,150. Even at the current price $3,600, should Bitcoin fall to $2,000 as noted in the analyst\u2019s example, if it does eventually reach prices of $100,000 or more as many believe, the difference between buying now and later will be a mere $1,600 of lost profit.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">If Bitcoin should rapidly rebound from here, not buying at the current prices could prove to be far more costly.<\/span><\/p>\n<p class=\"p1\" style=\"text-align: center\"><em><span class=\"s1\"><strong>Related Reading | <\/strong><a href=\"https:\/\/wncen.com\/2019\/02\/07\/crypto-bitcoin-monthly-macd-bottom\/\"><strong>Crypto Analyst Expects Strong Bitcoin Bounce, Monthly MACD Signals Bottom<\/strong> <\/a><\/span><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">It\u2019s also worth noting that when Bitcoin reached its all-time high price of $20,000, crypto community members everywhere spoke of the regret they felt not buying into BTC a lot cheaper. Now that they\u2019ve got the chance to do so, the current fear-driven market sentiment is preventing the from stomaching the risk. However, now might be the last time the general public can afford to own an entire BTC.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Crypto Investor: Last Time The Public Can Afford to Buy An Entire BTC<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Another common complaint by crypto investors around Bitcoin\u2019s peak, and part of why investors flocked to altcoins in a big way, was due to many investors being unable to afford a full BTC at $10,000 or more. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Fiat currencies have trained people to feel more comfortable with whole numbers. Change is often thrown away, or donated as a tip due to this. It\u2019s also the reason why owning 0.01 BTC is far less appealing than say owning 1,000 <a href=\"https:\/\/wncen.com\/tag\/xrp\/\">XRP<\/a>, regardless of perceived value.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">At the current prices, Bitcoin is affordable for the general public interested in owning a full coin. But it may be their last chance, according to crypto trader, investor, and advisor Josh Rager.<\/span><\/p>\n<p>https:\/\/twitter.com\/Josh_Rager\/status\/32817665<\/p>\n<p class=\"p1\"><span class=\"s1\">Rager shared a chart via <a href=\"https:\/\/twitter.com\/Josh_Rager\/status\/32817665?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E32817665&amp;ref_url=https%3A%2F%2Fwncen.com%2Fwp-admin%2Fpost.php%3Fpost%3D371335%26action%3Dedit%26classic-editor\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Twitter<\/a> that demonstrated the path Bitcoin\u2019s price may take next. \u201cAfter 2021\u201d he suggests, Bitcoin \u201ccould\u201d move to a price where the average person will likely only be able to afford to own a fraction of the cryptocurrency.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/2019\/02\/08\/20k-3k-bitcoin-price-crypto\/\">From $20K to $3K and Back: How Bitcoin Price Counters Sentiment<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">Should <a href=\"https:\/\/wncen.com\/tag\/bitcoin\/\">Bitcoin<\/a> achieve the price that Rager believes in the coming years, timing that Bitcoin bottom really doesn\u2019t matter, and the general population should buy Bitcoin at the current prices, or risk never again being able to afford an entire BTC.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) has been pitched as peer-to-peer electronic cash, a store of value, a disruptor of traditional financial instruments, and a way to free the world from the shackles of the government\u2019s control over current fiat monetary system. Given its potential to change the world as we know it, much like the Internet did over the last two decades, does finding Bitcoin\u2019s bottom really matter? According to some crypto analysts, the bottom doesn\u2019t matter at all, and the current low prices could present the last opportunity for the general population to purchase an entire BTC. Crypto Analyst: Catching Bitcoin Bottom Doesn\u2019t Matter Crypto investors everywhere are paying extra close attention to charts, market sentiment, and more, hoping to perfectly catch the \u201cbottom\u201d of the current bear market. However, given Bitcoin\u2019s considerable potential and how rapidly the price does rise during a bull run, timing the bottom really doesn\u2019t matter, and could cause investors to miss out on current prices. Popular crypto analyst CryptoMento puts little weight into timing the bottom and offered up some price figures that put his comments into perspective. LET\u2019S JUST SAY$BTC Bottom = $2,000$BTC by 2025 = $100,000#BTC Current Price = $3,600 Does it really matter if you catch the bottom? &mdash; \ud83c\udfb4 M\u039eNTO (@CryptoMento) February 9, 2019 Bitcoin is currently trading at around $3,600 after a powerful bounce near the 200-week moving average and a breakout of a falling wedge formation, but the most recent bottom is around $3,150. Even at the current price $3,600, should Bitcoin fall to $2,000 as noted in the analyst\u2019s example, if it does eventually reach prices of $100,000 or more as many believe, the difference between buying now and later will be a mere $1,600 of lost profit. If Bitcoin should rapidly rebound from here, not buying at the current prices could prove to be far more costly. Related Reading | Crypto Analyst Expects Strong Bitcoin Bounce, Monthly MACD Signals Bottom It\u2019s also worth noting that when Bitcoin reached its all-time high price of $20,000, crypto community members everywhere spoke of the regret they felt not buying into BTC a lot cheaper. Now that they\u2019ve got the chance to do so, the current fear-driven market sentiment is preventing the from stomaching the risk. However, now might be the last time the general public can afford to own an entire BTC. Crypto Investor: Last Time The Public Can Afford to Buy An Entire BTC Another common complaint by crypto investors around Bitcoin\u2019s peak, and part of why investors flocked to altcoins in a big way, was due to many investors being unable to afford a full BTC at $10,000 or more. Fiat currencies have trained people to feel more comfortable with whole numbers. Change is often thrown away, or donated as a tip due to this. It\u2019s also the reason why owning 0.01 BTC is far less appealing than say owning 1,000 XRP, regardless of perceived value. At the current prices, Bitcoin is affordable for the general public interested in owning a full coin. But it may be their last chance, according to crypto trader, investor, and advisor Josh Rager. https:\/\/twitter.com\/Josh_Rager\/status\/32817665 Rager shared a chart via Twitter that demonstrated the path Bitcoin\u2019s price may take next. \u201cAfter 2021\u201d he suggests, Bitcoin \u201ccould\u201d move to a price where the average person will likely only be able to afford to own a fraction of the cryptocurrency. Related Reading |\u00a0From $20K to $3K and Back: How Bitcoin Price Counters Sentiment Should Bitcoin achieve the price that Rager believes in the coming years, timing that Bitcoin bottom really doesn\u2019t matter, and the general population should buy Bitcoin at the current prices, or risk never again being able to afford an entire BTC.<\/p>\n","protected":false},"author":517,"featured_media":371339,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[167,5687,428,25050,25051],"class_list":["post-371335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-analyst","tag-bear-market","tag-bitcoin","tag-josh-rager","tag-price-bottom"],"acf":[],"yoast_head":"\n<title>Bitcoin Bottom Doesn\u2019t Matter, Last Time General Population Can Afford Entire BTC<\/title>\n<meta name=\"description\" content=\"Crypto analysts suggest Bitcoin&#039;s bottom doesn\u2019t matter at all, and current prices could present the last chance the public can afford an entire BTC.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-bottom-entire-btc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Bottom Doesn\u2019t Matter, Last Time General Population Can Afford Entire BTC\" \/>\n<meta property=\"og:description\" content=\"Crypto analysts suggest Bitcoin&#039;s bottom doesn\u2019t matter at all, and current prices could present the last chance the public can afford an entire BTC.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-bottom-entire-btc\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-13T20:00:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-03-11T20:35:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/bitcoin-btc-crypto-shutterstock_1259953870.jpg?fit=4860%2C3390\" \/>\n\t<meta property=\"og:image:width\" content=\"4860\" \/>\n\t<meta property=\"og:image:height\" content=\"3390\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. 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