Is the bottom in? The Crypto Community Shares Their Thoughts

by

Buying the dip instantly becomes a nightmare when crypto prices drop even further as the bear market continues to emerge. However, recent declines show that current prices can potentially be a good entry point for traders. To find out what the community thinks, Cointelegraph asked Twitter to answer the question ā€” is the substance there?

To prepare for further impact and wait for Bitcoin (BTC) prices will drop hoping that the fun that comes with a bull market continues, members of the crypto community have shared their thoughts on the crypto price bottom.

Some Twitter users are convinced that this is not the bottom yet. A member of the community replied over, saying people should be prepared for Bitcoin to sink even lower. “This winter is going to be tough,” they wrote. Although he has the same feeling that it’s not the bottom yet, another Twitter user shows a more positive vibe saying that he just cashed a few winners and waiting for the sequel.

Meanwhile, a community member who wrote “maximalist shitcoin” on his Twitter bio responded to the thread in a cheerful manner, but was apparently tired of the crypto crashes. They tweeted:

Apart from these, another community member also responded in the hope that the recent price drops are already at an all-time low. According to the community member, unless the price of BTC breaks above $25,000, traders will not know if current prices are really at their lowest. However, the trader hope let it be so that “the pleasure can resume”.

Related: Reddit NFT avatars sold at full price on OpenSea

In September, analysts discussed the subject of bitcoin background and gave their opinion in a Hosted Twitter space by Cointelegraph. During the conference, Blockware Solutions analyst Joe Burnett said that many factors are putting pressure on Bitcoin, including the government’s attempts to fight inflation.