Keep crashing? Where is the bottom line of BTC?

These days, Bitcoin (BTC) stabilized at around the $30,000 support level, which could keep short-term buyers active. Still, upside appears to be limited, initially toward the next resistance level at $35,000.

The storm of metaverse seems going to an end. Cryptocurrency, which once was the most popular investing asset, is troubled by bears. Especially in these days, BTC is continuously touching a new low from 2021.

The related stocks are influenced too. Coinbase$Coinbase Global, Inc.(COIN)$ founder and CEO, Brian Armstrong said in a tweet Wednesday that Coinbase is in no danger of bankruptcy, but investors don’t buy his deal. Coinbase stock is trading at $72, down 70% year to date.

Most signs have pointed downward, but predicting price trends in the days and weeks ahead is difficult; major cryptos have a mixed day.

So, what’s your opinion of the crypto market?

Where is the bottom line of BTC?

Will you think about investing in cryptocurrency in the bear market?

Leave your mind in our topic here!>>

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Comments

BenjiFuji
2022-05-11
BenjiFuji
Personally I am not for bitcoin or altcoins. Why? Not much utility yet. Think hawkers, water bills, and houses. I think crypto will trend with the market and hit 15,000.
- ___ _:
  must go into the blue link above to post
- BenjiFujiReply___ _:
  Whoops, thanks
Boo2020
2022-05-11
Boo2020
I tried buying btc, but the transaction fee is so expensive so it's not really useful for me. so, Will not buy BTC in bear market.
- ___ _ReplyBoo2020:
  just now I oso posted here [Tongue]
- Boo2020Reply___ _:
  oh is it? must be dreaming [LOL] [LOL]
- Boo2020:
  even if I save it with Hodlnaut, it took some time to break even with the high interest rate given.
- ___ _:
  post here no coins
- ___ _ReplyBoo2020:
  must go into the blue link above to post
Xian789
2022-05-16
Xian789
crypto is buble, going to crash, or already a little crash..
Investing in cryptocurrency I think is more risky than reward, better investing in $Vanguard S&P 500 ETF(VOO)$ or REIT or dividen stock
Doge2theMoon
2022-05-12
Doge2theMoon
Crypto market is exciting. New ways of working is created. With new ways, risk of failure exist. Don’t lose everything in this space. BTC is not an inflation hedge, a currency, or store of value.
爱上投资学
2022-05-11
爱上投资学
Bearish！The bubble is bursting.Don’t touch BTC as we have never been able to predict the eventual trend.
Never invest in cryptocurrency！
Eng22
2022-05-15
Eng22
If u really really have some spare savings. Do not leverage