Is June a Downturn for the Crypto Market?

[wxa7115]

Would have easily thrown this outside the window thinking it's just a coincidence, but we have the Data to support this argument and am wondering what's behind all this... could it be because it's summer in parts of the world that have most Bitcoiners and most holders are cashing out to spend some of their crypto holdings now
Maybe my conspiracy  theory could be that someone is engineering a move to buy cheap coins by trying to convince people that markets are bearish and when the masses start to sell then the whales excute their buys to secure more cheap coins for their stash ... possibilities are endless.

At the end it does not make too much of a difference, what matters is that we follow whatever strategy we have decided to use and we stick to it, something that can be difficult for newbies which are just starting out, but something relatively easy for people like us that have the necessary experience to do it.

So even if June seems like it is going to be once again a negative month for bitcoin, I see this as a good thing for us, since I do not know for how long the price will remain that low and will allow us to get more bitcoin for our fiat.

[pooya87]

June has been red so far but don't let that fool you. It is a misconception thinking that just because we are in a certain month the market should act in a certain way (up or down) every year. We keep seeing this every year where people say this month it dumps and that month it pumps.

What happened in June is not related to the month itself.
The situation with recession hasn't changed so sell pressure will continue to exist; and considering how price failed to break $70k and most importantly failed to stay above it, naturally the price comes down like this until the crash ends and price recovers and goes back up to try $70k+ once more.

[Jating]

June has been red so far but don't let that fool you. It is a misconception thinking that just because we are in a certain month the market should act in a certain way (up or down) every year. We keep seeing this every year where people say this month it dumps and that month it pumps.

What happened in June is not related to the month itself.
The situation with recession hasn't changed so sell pressure will continue to exist; and considering how price failed to break $70k and most importantly failed to stay above it, naturally the price comes down like this until the crash ends and price recovers and goes back up to try $70k+ once more.

Yeah, that's another nature of this market, it's cyclical but then very unpredictable at the same time. I attribute this to the growing number of Bitcoin investors, whales, average Joe's who's in the market right now. Some rules might have change, and there will be month like this one that we will see the price going in a average -5%.

Not just in crypto market, but recession is affecting every market, gold, silver, stocks and even oil. It's just how we react, like buying in the downturn, but I think majority is still afraid to the that because of the uncertainties. But if you are here for the bigger picture, regardless of the month that we see, you are going to accumulate Bitcoin as it is going to be more scarce and limited but demand are going to skyrocket in next year.

[Mahanton]

June has been red so far but don't let that fool you. It is a misconception thinking that just because we are in a certain month the market should act in a certain way (up or down) every year. We keep seeing this every year where people say this month it dumps and that month it pumps.

What happened in June is not related to the month itself.
The situation with recession hasn't changed so sell pressure will continue to exist; and considering how price failed to break $70k and most importantly failed to stay above it, naturally the price comes down like this until the crash ends and price recovers and goes back up to try $70k+ once more.

Yeah, that's another nature of this market, it's cyclical but then very unpredictable at the same time. I attribute this to the growing number of Bitcoin investors, whales, average Joe's who's in the market right now. Some rules might have change, and there will be month like this one that we will see the price going in a average -5%.

Not just in crypto market, but recession is affecting every market, gold, silver, stocks and even oil. It's just how we react, like buying in the downturn, but I think majority is still afraid to the that because of the uncertainties. But if you are here for the bigger picture, regardless of the month that we see, you are going to accumulate Bitcoin as it is going to be more scarce and limited but demand are going to skyrocket in next year.

Why people cant really just that make themselves that realize that this market isnt something that they cant be able to predict on? We do know that when it comes to this aspect that there would really be no specific
months in a year could really be that precisely on having on the same condition whether its on the past and on the future months to come. Yes, they could really be having those connections or correlations but we do know that when it comes to this manner then everything which is really that unpredictable or something that cant really be known. Yes, it could make out some patterns but doesnt mean that it would be surely be happening ahead. So the best thing that you should do when there's a downturn on which instead on making yourself that freaking out with those drops. It would really be rather that wise that you should be making some
DCA or accumulation phase.

If you've been here into this market for a while now then it would really be impossible that you dont really know on how it moves or behaves on which it would really be just
that a normal thing for you to have that kind of approach on the moment that you do deal up with things.

[_BlackStar]

June has been red so far but don't let that fool you. It is a misconception thinking that just because we are in a certain month the market should act in a certain way (up or down) every year. We keep seeing this every year where people say this month it dumps and that month it pumps.

What happened in June is not related to the month itself.
The situation with recession hasn't changed so sell pressure will continue to exist; and considering how price failed to break $70k and most importantly failed to stay above it, naturally the price comes down like this until the crash ends and price recovers and goes back up to try $70k+ once more.

Yes - market dynamics should be considered normal regardless of the month we live in. Many people assume that past price history, especially in the same month, will repeat itself in the following year - for me the correlation is very low. In fact they consider it fundamental.

There are various reasons why bitcoin price failed to stay above $70K - one of them is high interest rates. A reduction in interest rates will most likely make the market enthusiastic again and it is hoped that recovery can occur.

[Dailyscript]

It has not been like this in all the history of Bitcoin in June all these years. This year we get to see Bitcoin on the red till the end of the month. Here is a chart of how Bitcoin have performed in each month since 2013. If you look at it carefully the green to red is equal that should be each of them 6.



Truly this period has been hectic for everyone. The global economy, the stock market, and as well the Bitcoin market. I don't want to see a reason to believe that it will take months to recover from this.

[STT]

Another down day to end June, I wouldnt count BTC out just yet but its not a positive end so far.  There is a flag pattern there but its not beaten resistance now forming a ceiling overhead present price action.

I do believe we visit the 200 day average again and resolve properly in that area the more general direction longer term.  However it does not have to be the case we go straight back down to 58k where alot of volume will its just I do think that has gravity to eventually bring us right back here.

  June isnt going to give an answer to many people looking for a wider direction.  In fact I think we take the whole summer or more to properly decide this bigger question, the clue I take is that we held up this high for so long.   BTC is like spiderman like now, despite many blows its still stuck to the ceiling pretty well for many months.

[Glen Hoddle]

Is it truly a month of downturn, or is this perception based on anecdotal ?

Although the Bitcoin market is currently dumping, I say there is no reason to panic. Because if your investment is in bitcoin then surely it will be successful at higher level price and aiming more profit. 
But if your investment is in other platform then I can't guarantee it, but without doubt bitcoin market will start bull market by the end of 2024 and I expect maximum high price.

[Jating]

Is it truly a month of downturn, or is this perception based on anecdotal ?

Although the Bitcoin market is currently dumping, I say there is no reason to panic. Because if your investment is in bitcoin then surely it will be successful at higher level price and aiming more profit. 
But if your investment is in other platform then I can't guarantee it, but without doubt bitcoin market will start bull market by the end of 2024 and I expect maximum high price.

Not the worst month though, if we look at the last couple of months, April was almost -15%, and for this month, -9.xx%. So it's not anecdotal as this point, just a day before the end of this month and so we will not see a positive upside and the dump might continue. Just continue what smart investors are doing, just DCA and buy as much as you can. We shouldn't be looking at the short term price, look at the bigger picture as it is the best strategy.

We don't what the market to continue to decline. But if this is what the market is giving to us, then we can't do anything about it by to accept and then adjust our investment strategy by going long and again, accumulate and accumulate.

[Marvell1]

Is it truly a month of downturn, or is this perception based on anecdotal ?

Although the Bitcoin market is currently dumping, I say there is no reason to panic. Because if your investment is in bitcoin then surely it will be successful at higher level price and aiming more profit. 
But if your investment is in other platform then I can't guarantee it, but without doubt bitcoin market will start bull market by the end of 2024 and I expect maximum high price.

Not the worst month though, if we look at the last couple of months, April was almost -15%, and for this month, -9.xx%. So it's not anecdotal as this point, just a day before the end of this month and so we will not see a positive upside and the dump might continue. Just continue what smart investors are doing, just DCA and buy as much as you can. We shouldn't be looking at the short term price, look at the bigger picture as it is the best strategy.

We don't what the market to continue to decline. But if this is what the market is giving to us, then we can't do anything about it by to accept and then adjust our investment strategy by going long and again, accumulate and accumulate.

Even though this is a prediction board and people can feel free to predict the bitcoin price in the short term, but I agree with you that we should still focus on the bigger picture because only that way can we earn big profit from bitcoin. And if we are long-term investors, we should be happy every time we see bitcoin correcting because this is an opportunity to buy cheap bitcoin, not the time to panic.

As an investor, we all know that bitcoin is unpredictable, so to be more proactive in investing, always prepare a backup plan. We cannot force the market to move according to our wishes, instead we need to go with the flow of the market if we do not want to be eliminated.

[bestcoins1]

Although the Bitcoin market is currently dumping, I say there is no reason to panic. Because if your investment is in bitcoin then surely it will be successful at higher level price and aiming more profit. 
But if your investment is in other platform then I can't guarantee it, but without doubt bitcoin market will start bull market by the end of 2024 and I expect maximum high price.

I think it's only novice investors who still feel panicked when they see the price drop in Bitcoin, because they weren't used to conditions like that when they started becoming Bitcoin investors. In fact, other investors who have long chosen Bitcoin as their long-term investment asset will not easily panic, let alone sell their holdings in conditions like today. Because investors who have tasted the sweetness of profits through Bitcoin investment will continue to buy Bitcoin, especially in conditions of falling prices like now because this is based on their belief in Bitcoin.

[philipma1957]

Is it truly a month of downturn, or is this perception based on anecdotal ?

And june swoon happened so the answer was yes june sucks

[bangjoe]

Although the Bitcoin market is currently dumping, I say there is no reason to panic. Because if your investment is in bitcoin then surely it will be successful at higher level price and aiming more profit. 
But if your investment is in other platform then I can't guarantee it, but without doubt bitcoin market will start bull market by the end of 2024 and I expect maximum high price.

I think it's only novice investors who still feel panicked when they see the price drop in Bitcoin, because they weren't used to conditions like that when they started becoming Bitcoin investors. In fact, other investors who have long chosen Bitcoin as their long-term investment asset will not easily panic, let alone sell their holdings in conditions like today. Because investors who have tasted the sweetness of profits through Bitcoin investment will continue to buy Bitcoin, especially in conditions of falling prices like now because this is based on their belief in Bitcoin.

We know that every cycle there are always new investors in bitcoin, so it is not strange that some of the new ones will be easily scared when bitcoin experiences a decline because they bought at a higher price than now so they sell, I think that is a natural thing for new investors in bitcoin to do.

Old investors tend to continue to collect bitcoin and they know when they will sell their bitcoin, maybe some of them even save bitcoin for their retirement funds in old age, but we cannot judge beginners who feel scared in June, it is a learning stage for them to be able to understand that bitcoin will provide a decent return on wealth if they hold bitcoin longer.

[ScamViruS]

Is it truly a month of downturn, or is this perception based on anecdotal ?

Although the Bitcoin market is currently dumping, I say there is no reason to panic. Because if your investment is in bitcoin then surely it will be successful at higher level price and aiming more profit. 
But if your investment is in other platform then I can't guarantee it, but without doubt bitcoin market will start bull market by the end of 2024 and I expect maximum high price.

There is no need to stress too much about Bitcoin investment and don't panic if the Bitcoin price goes downtrend even for a short period of time. Because Bitcoin history says that when Bitcoin finishes a cycle, the next cycle is much bigger. Many experienced traders do not think that the bull market of 2024 is over yet and it may be seen in the market again in a few days when Bitcoin's next run begins. But the altcoin market has dumped badly and the investors are in big losses. And so investing in Bitcoin will always be considered a good decision. Because investing in Bitcoin is negative in the short term, but if you wait patiently, you will get better results than altcoin. Because in recent times Bitcoin is the first place I would invest.

[DaNNy001]

Although the Bitcoin market is currently dumping, I say there is no reason to panic. Because if your investment is in bitcoin then surely it will be successful at higher level price and aiming more profit. 
But if your investment is in other platform then I can't guarantee it, but without doubt bitcoin market will start bull market by the end of 2024 and I expect maximum high price.

I think it's only novice investors who still feel panicked when they see the price drop in Bitcoin, because they weren't used to conditions like that when they started becoming Bitcoin investors. In fact, other investors who have long chosen Bitcoin as their long-term investment asset will not easily panic, let alone sell their holdings in conditions like today. Because investors who have tasted the sweetness of profits through Bitcoin investment will continue to buy Bitcoin, especially in conditions of falling prices like now because this is based on their belief in Bitcoin.

Every Bitcoin enthusiast who is actually not experience will feel the need to panic especially when they invested when the price was up and only for them to see the price dipping but for a veteran investor the Dip is actually treated as a blessing because it's not everytime you get to see the price of Bitcoin actually low so seeing it dip will warrant you to get or buy the dip at high value.

[erep]

Every Bitcoin enthusiast who is actually not experience will feel the need to panic especially when they invested when the price was up and only for them to see the price dipping but for a veteran investor the Dip is actually treated as a blessing because it's not everytime you get to see the price of Bitcoin actually low so seeing it dip will warrant you to get or buy the dip at high value.

That's right, every new investor certainly doesn't know this because they only want profits after they buy an asset, but veteran investors certainly target increasing investment at lower prices, they adopt DCA investment which allows them to invest regularly at that price level. lower to increase the number of assets in the portfolio. However, new investors are certainly not ready to accept risks and are advised to follow the correct investment method. So DCA investment is most relied on to minimize losses if market predictions are wrong or bearish, but actually as long as you hold BTC there will be no loss unless you convert it to USD at a price lower than the previous purchase price.

[wxa7115]

Every Bitcoin enthusiast who is actually not experience will feel the need to panic especially when they invested when the price was up and only for them to see the price dipping but for a veteran investor the Dip is actually treated as a blessing because it's not everytime you get to see the price of Bitcoin actually low so seeing it dip will warrant you to get or buy the dip at high value.

That's right, every new investor certainly doesn't know this because they only want profits after they buy an asset, but veteran investors certainly target increasing investment at lower prices, they adopt DCA investment which allows them to invest regularly at that price level. lower to increase the number of assets in the portfolio. However, new investors are certainly not ready to accept risks and are advised to follow the correct investment method. So DCA investment is most relied on to minimize losses if market predictions are wrong or bearish, but actually as long as you hold BTC there will be no loss unless you convert it to USD at a price lower than the previous purchase price.

Probably the biggest problem for new investors is that they expect to invest at the perfect time so they are never down any money, but this is not very realistic, as this would imply they bought at the very bottom, and no one really knows where that level may be.

So unless and investor is willing to hold their position for years even when losing money, then they should rethink their strategy and wonder if they really want to become investors, since it is clear their expectations will never become a reality.

[TravelMug]

Is it truly a month of downturn, or is this perception based on anecdotal ?

Although the Bitcoin market is currently dumping, I say there is no reason to panic. Because if your investment is in bitcoin then surely it will be successful at higher level price and aiming more profit. 
But if your investment is in other platform then I can't guarantee it, but without doubt bitcoin market will start bull market by the end of 2024 and I expect maximum high price.

There is no need to stress too much about Bitcoin investment and don't panic if the Bitcoin price goes downtrend even for a short period of time. Because Bitcoin history says that when Bitcoin finishes a cycle, the next cycle is much bigger. Many experienced traders do not think that the bull market of 2024 is over yet and it may be seen in the market again in a few days when Bitcoin's next run begins. But the altcoin market has dumped badly and the investors are in big losses. And so investing in Bitcoin will always be considered a good decision. Because investing in Bitcoin is negative in the short term, but if you wait patiently, you will get better results than altcoin. Because in recent times Bitcoin is the first place I would invest.

Others are not looking at the bigger picture, they then to be investor but for short term goal, Lol. Personally, that is a wrong mindset, you can understand if they are beginners, but for those who have at least experience a bull cycle, we should not that we should be investing for long term. And now many are in the panic mode last month because the price goes down hard and it's still continuing this July.

Nevertheless, if you at least hold for a one year minimum, for sure the price is not going to be in the $56k'ish next July 2025. So we could be in the 6 digits by that time and so it's really worth not to panic and just HODL, simply as that.

[YOSHIE]

Is it truly a month of downturn, or is this perception based on anecdotal ?

Some crypto experts speculate this is just the beginning stages for Bitcoin's decline, they say there is a continuation to this phenomenon, It is true that currently Bitcoin has a sharp impact on prices, but that is not the end, the market still has a long way to go to maintain the current price from falling even further.

I didn't say June or July, I said for the end of this year 2024, where we can see various speculations and that is not a basis for us to consider, I'm sure for my personal speculation, Bitcoin will have an impact even further than what we see now, of course for reasons that perhaps cannot be mentioned here one by one, the fact is that, believe it or not, the point is that the judgment is up to you in the final judgment.

[tygeade]

To be fair it hasn't been a kind month, it has been quite rough that is a true thing. However, I still think that the market is overreacting to the situation and shouldn't really consider it all that normal, we need to consider that it is going to be all that nice.

We should consider how we could focus on what to do, and how to recover, with time it is going to make it work one way or another. I know that it is going to be a bit harder to handle, and I know that recovering beyond 70k will take some time, but that doesn't mean that we are not going to be able to do that, I think we can still do that. This will take time, but it can be still done. We just need some time and we can make it work and go even over 100k, we just need to be patient for it.