Another decline of BTC expected - page 4.

ultrloa

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Quote from: mindrust on February 28, 2020, 03:27:12 PM

Quote from: Oceat on February 28, 2020, 03:07:33 PM

Instead of having a panic and worrying about of the decline, why not think the other way around. Just buy already if you see the opportunity to buy cheaper price because it might be the only time you will see this price and most of the time Bitcoin price is being manipulated.

People panic because they are out of FIAT. They are not afraid of bitcoin crashing to zero which is never going to happen. They get mad because other people will have another chance to buy cheap coins. All-in people think others had enough chances to get on the train. (Even though I am not all in with btc -yet- I think they have a point.)

Some of those getting mad on situation happening right now are the people who doesn't think on what will be the outcome of their decision upon buying bitcoins or in short they are not open minded with possibilities but if they are train enough to counter those dumps and learn how to earn with it maybe they will be happy to see those more since it's a opportunity but soon we will see those bull train since halving is still coming.

ice098

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Quote from: Free1bitco.in on February 28, 2020, 12:58:12 PM

Quote from: Reid on February 28, 2020, 09:34:21 AM

It goes 2k up and then 1k down.
It is not that bad yet. Maybe you are just shaking right now. Try to absorb reality first.

I have seen so much panic here in this forum and mostly they end up regretting by selling in just a little dump.
I don't but or sell for now. It is like I am just on the waiting line and trying to watch everyone's decision with popcorns on my hand. Grin

I don't know what people sell because of what, but it looks like the price is only slightly going down and will make a recovery. so far, the price of bitcoin has reached $ 8500, it has even fallen by around $ 1500 to date. I do not think that the price will return to the level of $ 7000, but if the decline continues, it looks like we start halving at prices below $ 10k.

We don't know what will be the outcome of this ongoing trend, and still it has no definite signs on which this declining value falls. As of the moment upon looking with my blockfolio, binance monitoring showed relative response on recovering price. However, that doesn't mean we have to put our confindence on it because the market might crash on some points which we never wanted to see.
I don't know with other exchanges monitoring, but btc's average cost is now at $8.7k on my current checking.

mindrust

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Quote from: Oceat on February 28, 2020, 03:07:33 PM

Instead of having a panic and worrying about of the decline, why not think the other way around. Just buy already if you see the opportunity to buy cheaper price because it might be the only time you will see this price and most of the time Bitcoin price is being manipulated.

People panic because they are out of FIAT. They are not afraid of bitcoin crashing to zero which is never going to happen. They get mad because other people will have another chance to buy cheap coins. All-in people think others had enough chances to get on the train. (Even though I am not all in with btc -yet- I think they have a point.)

Oceat

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Instead of having a panic and worrying about of the decline, why not think the other way around. Just buy already if you see the opportunity to buy cheaper price because it might be the only time you will see this price and most of the time Bitcoin price is being manipulated.

bkbirge

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Still following PlanB's S2F chart, nothing to worry about here.

ScamViruS

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Quote from: star7dust on February 27, 2020, 10:20:37 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?

I don't know why people become so panic. The market has been steadily rising since the beginning of this year. There would be a correction, which is a good trader they knew about this correction. Most people when think the market becomes skyrocket, the opposite happen. It's the rules of the market. It’s important for shakeout. Those who hold long term they are buying right at every dump. I'm doing it myself.

Free1bitco.in

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Quote from: Reid on February 28, 2020, 09:34:21 AM

It goes 2k up and then 1k down.
It is not that bad yet. Maybe you are just shaking right now. Try to absorb reality first.

I have seen so much panic here in this forum and mostly they end up regretting by selling in just a little dump.
I don't but or sell for now. It is like I am just on the waiting line and trying to watch everyone's decision with popcorns on my hand. Grin

I don't know what people sell because of what, but it looks like the price is only slightly going down and will make a recovery. so far, the price of bitcoin has reached $ 8500, it has even fallen by around $ 1500 to date. I do not think that the price will return to the level of $ 7000, but if the decline continues, it looks like we start halving at prices below $ 10k.

dragonvslinux

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Quote from: mindrust on February 28, 2020, 10:27:35 AM

Quote from: dragonvslinux on February 28, 2020, 07:42:26 AM

I'm still dollar cost averaging, mainly into ~~altcoins~~ shitcoins for satoshi gains, and otherwise laddering myself into this tasty looking dip.

Shitcoins work as leveraged btc most of the time but I am also starting to believe they are the reason we are not taking off.

Couldn't agree more. Shitcoin speculation regularly holds the BTC price back. The 2018 drop from $6K to $3.2K was when Bitcoin SV was launched for example.

Quote from: mindrust on February 28, 2020, 10:27:35 AM

Imagine buying btc at $7k before it makes its move to $10k. You make ~%40. If alts also go up against btc that's easily %100 profits. (they lose much more than bitcoin holders when it goes south though, it works both ways) People who normally wouldn't be happy with %40 gains are selling their alts and since shitcoins are pegged to btc, that's creating sell pressure on us constantly. (in a leveraged way)

In other words, shitcoiners' greed is working against bitcoin. Shitcoiners are scamming bitcoin hodlers.

I'm not sure I'd called it "scamming". These exchanges that offer btc/shitcoin pairs are offering free market options. Nobody has to hold their btc, or trade in shitcoins, they are free to do as they please. If people want to panic sell because their bitcoins are falling than I'll also happily buy it from them. The fact that people sell overbought markets (btc/usd) to invest in oversold markets (btc/alts) is a necessary cycle of cryptocurrencies. Whether good or bad is beside the point if it's a regular inevitability.

Quote from: mindrust on February 28, 2020, 10:27:35 AM

They'll keep doing these hit and runs till either there will be no money or no shitcoins left.

Until Bitcoin matures, with a reasonable volatility compared to other asset classes (probably in around a decade at some 6 figure value), then the speculative nature of Bitcoin will always attract speculation on so-called alternatives. This is the natural greed of parabolic markets, like it or lump it.

Just my opinion of course Wink

mindrust

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Quote from: dragonvslinux on February 28, 2020, 07:42:26 AM

I'm still dollar cost averaging, mainly into ~~altcoins~~ shitcoins for satoshi gains, and otherwise laddering myself into this tasty looking dip.

Shitcoins work as leveraged btc most of the time but I am also starting to believe they are the reason we are not taking off.

Imagine buying btc at $7k before it makes its move to $10k. You make ~%40. If alts also go up against btc that's easily %100 profits. (they lose much more than bitcoin holders when it goes south though, it works both ways) People who normally wouldn't be happy with %40 gains are selling their alts and since shitcoins are pegged to btc, that's creating sell pressure on us constantly. (in a leveraged way)

In other words, shitcoiners' greed is working against bitcoin. Shitcoiners are scamming bitcoin hodlers.

They'll keep doing these hit and runs till either there will be no money or no shitcoins left.

Reid

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It goes 2k up and then 1k down.
It is not that bad yet. Maybe you are just shaking right now. Try to absorb reality first.

I have seen so much panic here in this forum and mostly they end up regretting by selling in just a little dump.
I don't but or sell for now. It is like I am just on the waiting line and trying to watch everyone's decision with popcorns on my hand. Grin

1Referee

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Quote from: dragonvslinux on February 28, 2020, 07:42:26 AM

I'm still dollar cost averaging, mainly into ~~altcoins~~ shitcoins for satoshi gains, and otherwise laddering myself into this tasty looking dip.

I wouldn't do that as we are heading down unless you believe that the dumping is over. I was looking to take a spot position into XRP myself, then decided not to until Bitcoin made its next move, which it did, and I'm glad I waited because I would have ended with fewer satoshis instead of more.

I'm more comfortable getting in when there is positive change of behavior, which we had a realistic chance to have, but the market decided otherwise. Currently it's the exact opposite with more bleeding to come for altcoins versus satoshis. The 'altcoin season' people were close to having is put to a halt even though they did have a nice run lately. Cheesy

dragonvslinux

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I'm still dollar cost averaging, mainly into ~~altcoins~~ shitcoins for satoshi gains, and otherwise laddering myself into this tasty looking dip.

eaLiTy

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Have Fun )@@( Stay Safe

Quote from: star7dust on February 27, 2020, 10:20:37 AM

Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

The stock market has taken a huge dive globally and it is one of the worst corrections we had after the last financial crisis and the main reason that is said is the spread of corona virus to new countries and the companies will be having the affect because of the crisis and that is the case with the BTCitcoin in my opinion, the stock market was falling for the past few days and we had a huge correction in BTCitcoin too and the smart move is to invest when ever there is a correction.

El duderino_

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Quote from: star7dust on February 27, 2020, 10:20:37 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?

Mainly HODLing it Cool

Trying to gain whenever and where I can ....

samcrypto

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I’m not that good in technical but we can easily say that bitcoin is dumping because of so many reasons. I’m not buying big yet because I’m waiting for the dip and of course I will not sell on panic. This is expected because of the negative events, and after hitting the peak this year. Let’s hope that this is just a correction and hoping that we will not go back to a bear market.

exstasie

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Quote from: UnDerDoG81 on February 28, 2020, 01:55:20 AM

It Fall to 8.7k and no buying pressure. So it likely fall more. I hodl through.

I would say the price action is indecisive. https://www.investopedia.com/terms/s/spinning-top.asp

We can see the daily continuing to close above the 200-day MA, and a big fat doji printed yesterday, so bulls are fighting back.

Like the circled example to the left, we may need to take another run at the lows first, maybe give this 20-week MA a proper tag:

People are getting very fearful but the chart doesn't look that bearish to me yet. I still expect a very bullish recovery in March.

Kemarit

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Quote from: star7dust on February 27, 2020, 10:20:37 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?

Why the hell would I sell at this price? Doesn't make sense, on the contrary people should think of buying when there is blood in the street.

And just for the record though, crypto bleeding has somewhat stop, the price is now around $8700-$8800 which is a good buying point specially if you are to FOMO the block halving in May.

bassbity

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Quote from: UnDerDoG81 on February 28, 2020, 01:55:20 AM

It Fall to 8.7k and no buying pressure. So it likely fall more. I hodl through.

It is likely to persist now that I have pressed the buy button to hold on for a long time hope is still there after halving has happened.
It's quite appropriate to hold from now on too and wait for the $ 9,000 target in the near future.

UnDerDoG81

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It Fall to 8.7k and no buying pressure. So it likely fall more. I hodl through.

Oasisman

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Quote from: star7dust on February 27, 2020, 10:20:37 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?

I didn't bother to click and check on the link provided. But, what's good to do during the market declines, is to buy more Bitcoin, instead of selling it for a much cheaper price. Ones you're invested in crypto space, you should be capable of justifying yourself when to sell or buy. You don't want to invest blindly without setting a target price. If you haven't reach your realistic target, then there's no reason to panic sell when the market is declining.

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