Considering we had two in a row now, I think that was it, I doubt it will be thrice in a row because that would be really requiring a lot of bitcoin to be sold and that might literally be people who bought that sells this in the recent week instead of people who had it long time ago.
When you drop from a level you also break some stop loss and you drop even further with just one sell because it triggers more and more, however when you are going up there is usually a point where people sell and get out, that happens once, if it happens twice that means its different people, when it happens yet again that looks like it will be the same people doing it over and over again, I doubt that would be the case this time around, I can get it when it happens above 10k but here it would be weird.
Topic: Another price rejection incoming (Read 521 times)
I just came across this news today that Bitcoin could revisit 3000$ said the guy who first predicted Bitcoin crash to 3k
do not believe in the forecasts that these people make, if you take the time and research the price forecasts of the last 4 months that these analysts made you will see that whenever they say something the opposite happens
I refuse to accept that this is another Coronavirus punishment on the market
coronavirus is already causing a major disaster in the world, we have to keep an eye on the impact it will have on bitcoin
if you are holding top altcoins you should be ready
holding altcoin has become a great test of patience
i think even if it will reverse it won't be that low as before, because as it is now btc is struggling to keep price up, it goes up and then down but some how the price will still be okey in my opinion, btc is strong and can resist a lot, so i expect it to recover soon.
I also think that in the next month or 2 we will see the return of bitcoin to a price of 10 thousand dollars. I am sure that such a strong dump as we saw will no longer be repeated because it was committed to create panic before growth
i think even if it will reverse it won't be that low as before, because as it is now btc is struggling to keep price up, it goes up and then down but some how the price will still be okey in my opinion, btc is strong and can resist a lot, so i expect it to recover soon.
I just came across this news today that Bitcoin could revisit 3000$ said the guy who first predicted Bitcoin crash to 3k, I wonder what this is all about, I refuse to accept that this is another Coronavirus punishment on the market, if you are holding top altcoins you should be ready
Obviously when things go too high it will be going down a bit more to get regrouped, that is how things happen here. We call it correction, nothing gets too high without dropping a bit later on. Bitcoin moved to literally 6.8k as high as I have seen, don't know if it was higher anywhere, which is why it is normal that it is under 6k now, I do not understand what others were expecting, that is literally all we can hope for. Now at least we know that bulls are back in charge and they are trying their best, that is how we go up, we get bulls on charge.Hopefully, it will continue for a little bit more while and we will continue, if not and we start to go down from here it will hurt thousands of people that will not or can not go back in and that is when we start to screw up.
It seems the virus have stop affecting crypto market but the virus keeps killing more people everyday, or maybe people have already stop worrying or panic anymore
We can't really say that it has stop affecting crypto. The market is really on a wild swing in the last 3 days, so it might possibility still putting some investors into a sell-off mode. I guess if we have prepared ourselves from the beginning of this week, we shouldn't panic, stay indoors so that the chance of being infected is slim. And just continue to invest or trade at home, just saying.
You can´t expect new bull run when people live in a fear of disaster. Corona virus is a real problem that could cause a collapse of financial system, so give me one reason why people should buy Bitcoin in these hard times.
Let me answer this thesis-question. Digitalization will lead to the popularity of cryptocurrencies and there is no other alternative except BTC for reaching financial equality. There have been harder times than today's pandemic called Coronavirus but the financial markets are a bubble that pops in the seconds after the mainstream news. This is how capitalism works. 
Anything is possible but as of now, I am doing the necsaey things so I wont be forced to be turn a long time holder. Not even at this time. Preparation is key to any success in life and that's what I always do.
During quarantine, we have the opportunity to really study the news in the field of cryptocurrency and also in the financial sector. The world is changing right before our eyes and cryptocurrencies are becoming very important.
Anything is possible but as of now, I am doing the necsaey things so I wont be forced to be turn a long time holder. Not even at this time. Preparation is key to any success in life and that's what I always do.
Anybody can come up with any prediction of what will likely happen to crypto but that does not mean we should be bothered or scared about that.Everyone is just say one thing or the other on what they assume may likely be the outcome of crypto. The prediction may be true or not true. Absolute focus and attention on what profit crypto will bring should be a major concern of all crypto investors.We should not be disturbed by feud news that is spreading around about crypto. The truth is the price of crypto do go up and down. The of market boom is what we should watch out for.
The person could have back-up his or her prediction up with good and holistic information. I strongly believe this is a pure hoax. If the other way round occur and the price of the bitcoin boom what do you suppose to be the reason behind it? It has become a norm for people to speculate especially at this present moment when the globe is witnessing a plague. This will not be the end either will it be the beginning of bitcoin rise and fall
You can´t expect new bull run when people live in a fear of disaster. Corona virus is a real problem that could cause a collapse of financial system, so give me one reason why people should buy Bitcoin in these hard times.
that's not necessarily true of course someone will say the prediction.
or making news so excited that people become fomo and take action to sell / buy.
you should not trust any news before do your own research or make sure the news is falid from good source.
or making news so excited that people become fomo and take action to sell / buy.
you should not trust any news before do your own research or make sure the news is falid from good source.
It seems the virus have stop affecting crypto market but the virus keeps killing more people everyday, or maybe people have already stop worrying or panic anymore
I just came across this news today that Bitcoin could revisit 3000$ said the guy who first predicted Bitcoin crash to 3k, I wonder what this is all about, I refuse to accept that this is another Coronavirus punishment on the market, if you are holding top altcoins you should be ready
As of today Bitcoin price is at $6,200 base on cmc. Bitcoin had already passed through closed to such price, I don't think that it would going fall down below $4k, but if it would may be it will just going to remain between $4k and $5k somewhere between that. However if the market are really that unfortunate, and it really did crashed at $3k, I don't think that COVID has something to do with it. May be there is something shady happening behind, some sort of manipulation? in my opinion. Anyway, with that being said we should be ready in terms of buying more, fund allocation on providing which coin to buy if that big dump would going to happen.
well, it's just a prediction and not necessarily true.of course, you will hear several rumors or news in this condition.
and for alt alt coin it will not be affected much and will follow btc.
and for alt alt coin it will not be affected much and will follow btc.
I just came across this news today that Bitcoin could revisit 3000$ said the guy who first predicted Bitcoin crash to 3k, I wonder what this is all about, I refuse to accept that this is another Coronavirus punishment on the market, if you are holding top altcoins you should be ready
Actually, this post will be more credible if you include the guy who predict about the bitcoin, especially the link where you have read the news about that, but anyways, Corona virus is still spreading the world, so I am also expecting that bitcoin will continue dumping, so always be ready and use this situation to invest more. Predictions aren't always true, do not rely on ones predictions because they are lucky to predict one right, crypto market is unpredictable and you need to have back up plans just in case
I agree they are just wild guesses from experts who don't totally control the flow of the market. They might guess the price to atleast close but not really exactly to the point they guess exactly to what they said. They predictions are helpful as guides but still don't put full trust on them rather do you own thing when you are trader, trust your instinct and check the market from time to time.
when we invest in crypto we must at least be prepared to take any risk, as for predictions only speculation can not be a guideline, because crypto is very fluctuating anyone can predict without having to show strong evidence.
The crypto market is currently bleeding so it's natural that there are people who want to scare investors into achieving their desires.
The crypto market is currently bleeding so it's natural that there are people who want to scare investors into achieving their desires.
Predictions aren't always true, do not rely on ones predictions because they are lucky to predict one right, crypto market is unpredictable and you need to have back up plans just in case
I agree they are just wild guesses from experts who don't totally control the flow of the market. They might guess the price to atleast close but not really exactly to the point they guess exactly to what they said. They predictions are helpful as guides but still don't put full trust on them rather do you own thing when you are trader, trust your instinct and check the market from time to time. Jump to: