Another decline of BTC expected - page 3.

btc_angela

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Quote from: bitgolden on February 29, 2020, 02:50:44 PM

Bitcoin can take one more hit and could go down but that's it, we have started the year with around $7k in prices and that is bare bottom the market can afford to go down but if it goes down any further than that it would be really risk and we could actually go down a lot more, just going to $6k could mean we could also go to $4k and that is not something we can really afford with miners who will want to make more money but they can't so they will probably close their machines to not make any loss and when they close their machines the transactions will be both more slower and also more expensive as well.

Hopefully, it won't go down too much in order to save the whole infrastructure we have built so far.

Infrastructure is still intact, even If we go down as low as $7k again. There is still the halving, an event that everyone is anticipating and could be the catalyst and miners could readjust again to make money, although the difficulty will increase. And I don't think that miners are going to mine what? BCH or BSV?

bitgolden

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Bitcoin can take one more hit and could go down but that's it, we have started the year with around $7k in prices and that is bare bottom the market can afford to go down but if it goes down any further than that it would be really risk and we could actually go down a lot more, just going to $6k could mean we could also go to $4k and that is not something we can really afford with miners who will want to make more money but they can't so they will probably close their machines to not make any loss and when they close their machines the transactions will be both more slower and also more expensive as well.

Hopefully, it won't go down too much in order to save the whole infrastructure we have built so far.

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Quote from: justdimin on February 29, 2020, 01:04:53 PM

It doesn't look to be moving nowadays. It had a bad fall recently but that looked like the end of it. I am one of those people who think if bitcoin is falling it will fall as much as it can and stop there, when it is going up it goes up in parts but when it goes down it goes down all at once.

Maybe I am wrong on this time and the price will continue to drop so do not trade according to what you read here because we are all telling what we "think" will happen and none of us know what will really happen. I see $11k coming soon honestly and I am thinking before the halving happens the price will reach to $11k levels for sure. It has to or otherwise it will be very hard for the miners.

If you look at the schedule for 2018, there are many segments where your theory is refuted. Many periods of "consolidation" and even a strong recovery after which the fall continued with renewed vigor. If we are in a bearish trend now (more likely, yes), then events can repeat this algorithm.

justdimin

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It doesn't look to be moving nowadays. It had a bad fall recently but that looked like the end of it. I am one of those people who think if bitcoin is falling it will fall as much as it can and stop there, when it is going up it goes up in parts but when it goes down it goes down all at once.

Maybe I am wrong on this time and the price will continue to drop so do not trade according to what you read here because we are all telling what we "think" will happen and none of us know what will really happen. I see $11k coming soon honestly and I am thinking before the halving happens the price will reach to $11k levels for sure. It has to or otherwise it will be very hard for the miners.

Free1bitco.in

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Quote from: Ailurophile on February 29, 2020, 10:00:42 AM

I don't really want to sell now that it is low,
I didn't sell it when it was still at $10K so why would I sell it now?
I believe in it's future price that it could still get way more higher than just $10K or even $20K so I would continue to hold it.

this only makes people who want to hold bitcoin with a large amount to buy more assets. so far, I also still maintain the assets that I have, even I am looking for ways to add to it. selling now I think it will reduce profits, and if you want to really sell the bitcoin you have, the price that is worth is above the price of $ 10000.

Latviand

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Quote from: fortunecrypto on February 27, 2020, 12:04:12 PM

Quote from: star7dust on February 27, 2020, 11:20:37 AM

https://cryptodaily.co.uk/2020/02/btc-hold-trend-line-decline
Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

Suddenly people are in panic about Bitcoin's dip when it is recovering after the dip, we cannot just create FUDS every time it goes down, this is a highly volatile market always expect the unexpected I'm buying more but I'm not buying that article's story line.

Downfall on its market value should not be surprising anymote to the investors. We have seen such thing before, for a couple of times, and it is simply a nature of market volatility that we, as investors, should not be worried off and scaref, becauce once the market value became low, investing won't be that much of a heavy load to make. Also, after every dump, there will be an increase which should be an obvious sign that downfalls are the best time to invest and make profit from.

Quote from: Ailurophile on February 29, 2020, 10:00:42 AM

I don't really want to sell now that it is low,
I didn't sell it when it was still at $10K so why would I sell it now?
I believe in it's future price that it could still get way more higher than just $10K or even $20K so I would continue to hold it.

selling at tgis point is not a good idea. Profit will be bigger if you would be more patient with regards to the market behavior. There is an anticipated bull run this year, and believing so won't cost that much. Invest at this moment and avoild selling due to panic. Bitcoin halving is believed to be the trigger of a new all time high market price. Investing at thr moment won't be that much of a burden because profit will eventually be earned from doing so.

Meowth05

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Quote from: fortunecrypto on February 27, 2020, 12:04:12 PM

Quote from: star7dust on February 27, 2020, 11:20:37 AM

https://cryptodaily.co.uk/2020/02/btc-hold-trend-line-decline
Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

Suddenly people are in panic about Bitcoin's dip when it is recovering after the dip, we cannot just create FUDS every time it goes down, this is a highly volatile market always expect the unexpected I'm buying more but I'm not buying that article's story line.

Exactly, if you've been here in this industry for such a long time then this will not be that much problem coz you're already know how to handle this things. Market is indeed volatile thus expect that there will be unexpected fluctuation occur in a single amount of time so let's not get surprise about it and create anymore FUD.

Quote from: star7dust on February 27, 2020, 11:20:37 AM

https://cryptodaily.co.uk/2020/02/btc-hold-trend-line-decline
Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

Selling our coins would be kind worse option, but buying which is more likely reasonable especially if you have more funds to invest with. In my case, I think I bought enough so I guess I'll wait till it goes up again and wait for bull trend to comes.

jhonjhon

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Quote from: fortunecrypto on February 27, 2020, 12:04:12 PM

Quote from: star7dust on February 27, 2020, 11:20:37 AM

https://cryptodaily.co.uk/2020/02/btc-hold-trend-line-decline
Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

Suddenly people are in panic about Bitcoin's dip when it is recovering after the dip, we cannot just create FUDS every time it goes down, this is a highly volatile market always expect the unexpected I'm buying more but I'm not buying that article's story line.

We already know that a price like this can happen because that’s how bitcoin is doing ever since, it may show an upward trend but surely there will be a drop suddenly and people still panicked. I would suggest instead of doing panicking why not use every opportunity to invest more for higher profits. We are at $8k now and since we are expecting a bull run and another all time high why not buy some coins to prepare for bull run. Panic will not do any good it will only do more bad than good.

Ailurophile

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I don't really want to sell now that it is low,
I didn't sell it when it was still at $10K so why would I sell it now?
I believe in it's future price that it could still get way more higher than just $10K or even $20K so I would continue to hold it.

Taskford

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Quote from: Hypnosis00 on February 29, 2020, 06:46:36 AM

Quote from: star7dust on February 27, 2020, 11:20:37 AM

https://cryptodaily.co.uk/2020/02/btc-hold-trend-line-decline
Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

Maybe I should...but trying to forget it because even it drops (and actually it drops for sure) I keep it holding. I only have to buy Bitcoin if the price will fall back to $8k but it seems to be impossible to happen as we are close to halving event. If we could see dumps in the coming days, it actually be of normal correction and meant to happen all the time. So I have nothing to worry about it.

So close or not still there are possibilities that we will touch at $8k although we are near to that since the current price is $8700 and yet there is a less or maybe no participation of the current holder since for now Chinese got struggles since they are facing a crisis, Hopefully they can recover when halving nearly comes so that we can see a another set of price pumps until it reach for another ATH.

STT

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Its the battle of two tides, we have a trend relating to bearish failure of the previous rising channel but also 2 day momentum which BTC price needs to beat to prove itself as positive. Till its clear on weekly bars it can move either way.

Its neither completely negative or proven positive at all yet. Its just falling the line down right now at a relatively slower descent then just recently, I would expect it to resolve to move in one direction or the other with more commitment.

Hypnosis00

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Quote from: star7dust on February 27, 2020, 11:20:37 AM

https://cryptodaily.co.uk/2020/02/btc-hold-trend-line-decline
Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

Maybe I should...but trying to forget it because even it drops (and actually it drops for sure) I keep it holding. I only have to buy Bitcoin if the price will fall back to $8k but it seems to be impossible to happen as we are close to halving event. If we could see dumps in the coming days, it actually be of normal correction and meant to happen all the time. So I have nothing to worry about it.

imstillthebest

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you provided a link and your seem so sure that the btc price will decline but your now questioning the opinion of others ? hmm i think im also with you because that is also what i feel not just a feeling but the decline is already experienced and now the decline continue from time to time yet im still selling my coins ( no choice so far ) just because i badly need a cash too. i just hope that the decline will now stop and the value can recover to atleast 10k usd level so that my monies will be somehow sufficient

Slow death

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Quote from: star7dust on February 27, 2020, 11:20:37 AM

Is Bitcoin likely to keep going down, in your opinion?

to start answering your question:

You ok boomer gold sees biggest loss since 2013 as bitcoin steadies

Stocks post worst week since the financial crisis

this shows that it is not just bitcoin that is falling a lot. Can you ask me how this is all related to bitcoin? If governments are putting people in quarantine, if a lot of people get sick, then a lot of people will sell their assets to have fiat to pay for things in the real world. with this problem of coronavirus, people will be concerned with health care instead of thinking about investing in something. I do not believe the data on the number of deaths and infections that governments say, especially if we are talking about the Government of China. In my opinion the situation is much more serious than what is being reported, this is because politicians always have the habit of hiding things from the people

Quote from: star7dust on February 27, 2020, 11:20:37 AM

Are you selling/buying it?

I converted it to USDT and I’m waiting to see how it all looks over the next weeks

verita1

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I also think that Holding BTCitcoin is safer than trading. It is really a long-term investment. Some have mentioned that the lack of adoption contributes to the volatile price. Bitcoin will always be in any portfolio. I think we are seeing a better forecast of the price of Bitcoin compared to last year.

Barbut

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Bear and bull market are constantly change one another in the crypto market, after days or weeks of bull market we can expect bear market to take its place. The same is with a bear market, after days or weeks we can expect bulls to replace bears at some point.

Quote from: maydna on February 29, 2020, 01:17:10 AM

I am trying to hold my bitcoin because I see that I don't make a profit from the previous buying bitcoin at the binance, and I guess that we might see a lower price soon. But I hope that in the next week, bitcoin price can return to the higher price, and bitcoin price will be able to break $9k again, and slowly it will break another higher price. This month, bitcoin price has experience in the downtrend, although we already touch $10k. Unfortunately, that moment did not stay for a long time. We need to hold for more, and I think we have a good time to buy more bitcoin at a low price now.

Holding is safer than trading! Trying to buy low and selling high doesn't work for everyone. From short term trading, I got into mid and long term trades, it works much better for me and sooner or later the price always swings in one or another direction.

maydna

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I am trying to hold my bitcoin because I see that I don't make a profit from the previous buying bitcoin at the binance, and I guess that we might see a lower price soon. But I hope that in the next week, bitcoin price can return to the higher price, and bitcoin price will be able to break $9k again, and slowly it will break another higher price. This month, bitcoin price has experience in the downtrend, although we already touch $10k. Unfortunately, that moment did not stay for a long time. We need to hold for more, and I think we have a good time to buy more bitcoin at a low price now.

lienfaye

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Quote from: star7dust on February 27, 2020, 11:20:37 AM

https://cryptodaily.co.uk/2020/02/btc-hold-trend-line-decline
Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

The market is high volatile therefore its a temporary scene for crypto. I used to see the price of the coins turning ups and down like a roller coaster ride so its not new anymore. Dont panic just because you see a correction, be positive or dont monitor the market often until it turns better. Im not selling at this time but I dont buy as well, not because I dont believe in btc but because I dont have extra capital to use.

xvids

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I think we are already hit the bottom of it,
I don't expect another price drop but instead I am waiting for it to bounce back.
But if there would be another one I think my expected bottom would be around $8,400 I think if they want to invest or buy some BTC now would be a good chance for them.

criza

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Whether the price of Bitcoin would pump or not is just a matter of its standing in the present because, for me, there is no mistaking that by may or the month of the halving, the price will shoot up as its supply gradually decreases. Even though the price of Bitcoin these days is down, we could still see the struggle in its price as it faces a lot of resistance below the $9,000 range. So far, I have seen its lowest in this month of February in a $8,500 range but, this day, the last days of the month, shows gradual development in its price at $8,700. We might expect an increase till next month that could possibly mean a new all time high record for the year 2020, so we should keep holding Bitcoin till may.

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