Topic: Are you wondering what's happening with bitcoin? - page 5. (Read 752 times)

Yes lm wondering what's happening in bitcoin now, why is going so very low. Many bitcoiners are in worry if bitcoin will recover up to the highest predicted price. Some  doubt if the price will rise as the price they say up to  $100000 this year. But lm still hoping on bitcoin that will give me a chance also to be a millionaire. I will Will dream and wait for that dream to happen.

We need some chill time before going to the moon again, eventually it will increase and makes another ATH, some countries were in agenda of banning that makes bitcoin price correction, first in China and now it said to be in India, no matter what we see that its not the first that banning in some countries occurs but still btc survived, so keep calm all iz well.

yes i was wondering about Bitcoin, why Bitcoin can come down this sedrastris? What's with Bitcoin? that is the question that is in my mind?
but apart from that I realize if Bitcoin is time to ride will surely rise and hopefully it happens and not getting worse.

I think that for now, as is always good in february, should be good to build some positions in very solid alts that are way due for a correction in BTC value but also hedge with fiat because you don't know how low some alts can go in terms of fiat value, and there's definitely some good ones that are worth to buy the dip.

Although everything is against the expectation but still it that it is not very new for us as we have already passed from such situation in past therefore  I think we need to be use to with such situation now and try to remain as calm and patient. We need to hold our bitcoin and do not get any panic to sell our bitcoin in such a low price.

Well, if the traders want a safe strategy, I think there isn't any problem by just holding. Why is it a wrong decision?
I think it's better than selling BTCs for cheap prices or to exchange the BTCs into an AltCoin or few of them.


Here you give some nice hints to investors about AltCoins. I think it's not a good idea to go full on with AltCoins, even if the project is very good. The focus is Bitcoin. AltCoins, like the name says, it's a secondary investment, maybe primarily only for those who want to risk a bit more (or much more, depending the AltCoin).


For me it was a big surprise to see BTC reaching lower than $10.000. I was very confident that was an unshakable support price. But you said something very right: When the price hits the support line many times and in short time period, it's not a good signal... Next time I will be more attentive about it.

Now I think we need to keep watching, for me the scenario is unpreditable. Taking the charts of previous moments in consideration, the price will pump sooner or later and Bitcoin won't disappoint us. I think it's more depending on whales, when they want they will push the price up. What do you think about it?

Price movements are difficult to predict when you follow a predictable logic.

Here is why hodling is not the best option all the times.
http://deadcoins.com

Hodling only makes sense when you are holding a position in a good project. And every altcoin will sell you the idea they are the best, the only, the first, and honestly, 90% of altcoins are garbage. Sadly, people don't care about doing their research or educating themselves and stop being the sheep they are, they instead are just happy a garbage alt gave them 1000% return.

A good indicator showing that there's too many sheeps in the market? https://www.youtube.com/watch?v=JZYZoQQ6LJQ

Your chart looks good. Today the btc drop as explained by your chart.
If btc drops below 8k, it can drop to 6k.
Let wait and see what the whales would do.

Yes bitcoin price is really falling this days and I haven't even try to make any transaction so I won't run at loss

1) Hodling is the safest option for long-term investors with little experience. I think it's the best one even for more skilled traders. Bitcoin's movements are quite difficult to predict...
2) Yes, altcoins can be good or shit, but everyone should do his own due diligence and research about new coins or tokens, before investing.

I like the direction your analysis is heading. I believe it will touch the floor of 4's.. and bounce back up to 5k and stay there

the problem with this type of drop is that buy support will disappear when it breaks multiple times. if price reaches $8k it may not hold anymore unless those who were pushing the price down start buying it themselves!
most people won't buy bitcoin anymore and wait until the bottom is perfectly clear before jumping back in. nobody wants losing money when it comes to trading.

It is not just a matter of panic sellers and new traders being deceived by whales but also the round of FUDs that is influencing Bitcoin's price to go lower. With most of the problems that Bitcoin faced during the past few months like network congestion and exchanges forbidding new registrations, it was anticipated to get back onto the higher side of things which isn't the case currently. The eventual turnaround is bound to happen when the demand soars like crazy and prices can be expected to soar.

all new traders are can be controlled my old traders, FUD, whales and other traders. because they are NEW in trading of BTC. They are sometimes focus on what other says about BTC so that mostly all traders are the victims of FUDs and Whales. For me, being a new trader i am focus in researching about BTC, sometimes reading other opinions about BTC and after that I WILL make my own decision if what i will do in trading.

A bounce from 8k price just like everyone wants it. Let's hope it happens I have my bids at 8k. Also, the other points mentioned are true too but the market is unpredictable.

which you say is true and you also a few days ago bitcoin became very excited in social media even on daily news, from there many new players still do not know how bitcoin trading carelessly come into play bitcoin and finally when the old players to profit in addition there is bad info circulating about bitcoin then make the new players become less confident and sell loss when if in view there is no mistake to hold bitcoin that we have for the future, proved from the first time bitcoin created the price is just less than $ 10 and now what is the bitcoin price? so you better think again to sell bitcoin at cheap prices even make you lose, for new players please do not do that.

2 days ago I published a chart in trading view explaining what's happening with bitcoin price.

https://www.tradingview.com/chart/BTCUSD/QIgVoEf6-BTC-USD/

I like to get rid off all the news and the buzz that's been around the space lately and just focus in charts. I like that taking a technical approach cleans and filters all this FUD that's been hitting the prices all over the board these last weeks.

I just don't like to see a lot of people that are just starting to trade, take the wrong decisions because

1.) they just listen to other "experience" traders that just encourage them to hodl and do nothing but that.
2.) they believe lots of altcoins are the next big thing and they get full in thinking they are undervalued because they are low caps. If altcoins are in the market, they are most likely to suffer this price bleeding because everyone was rushing to get into bitcoin, and now that bitcoin keeps dropping, everyone is rushing to get into fiat. It's a bloodbath, a snowball of blood. So for all of you guys that are into alts, do your research about them, analyse why the price and their caps are at those levels, be skeptic, but most importantly, judge the technology and not the price. There's great alts out there that are truly innovating the space right now, so there's good dips to buy, and definitely some knifes that you don't want to catch. A lot of alts are just piggyback riding the market, taking profits out of inexperienced traders or ignorant investors. Be aware. Just because it's a blockchain and it's "private" "fast" "decentralised" does it mean it can't be pure shit.

Let me know what do you guys think about the chart.

Be safe and don't feed the whales.