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

Bitcoin is in the moment that will rising up soon. Yes we should be patient with the current flow of the market. So Im not the wondering with bitcoin because eventually it will rise, also holding bitcoin could be the best in this market.

well i didn't get surprised , i remember last year when it felt from 5000 $ to 2800 $ , that time i was shocked!
but this time , looked like the same to me , they try to make rules to limit it and take it down but they cant coz bitcoin belongs to people not goverments!

i think everything is ok. BTC can not always rise up with strong speed. It also needs a relax time and it will come back in next few months. You should be patient and trust in BTC.

Bitcoin itself a wonder, I don't see to much price because we can't control BTC so why to wondering myself,

hold its seems to be consolidate again. almost two months in a row. Hope next month for good rally, I am still monitoring the flow of the market, keep your stop loss intact and buy orders in low or withinin the support area the but if you can buy price in a low thats good and safe entry. It was 10- 11k level area sideways level the critical might be 9k and below, breakout area withinin 12k range, so close now. Good luck.!

I did not come across this thread of your and I will say you are correct in this your analysis. When bitcoin is dropping don't expect any altcoins to stand and that is what has happened in February 2018. Many new investors actually thinks they can make money through coins flipping but they refuse to realize that when bitcoin is dump people will also dump other alternative coins and some time when bitcoin is getting pumping some altcoins will be dump.  However we are happy the downward trend is over and we are about to resume bullish momentum.

India cannot give any fuck to the bitcoin when the China tried to ban also it does not able to stopped and regulate the bitcoin with the taxation alone they can do. When communist country China also cannot stop the bitcoin means what India can do bro.
These kind fake rumour negative discussion about the crypto currencies  makes newbies panic on investing cryptos.

Of course it's interesting. Bitcoin is now a little bit in the flat. Even the news of the prohibitions in India could not greatly shake him. So we believe that bitcoin is gaining strength for the flight to the moon ...

This present scenario is creating lot of troubles for the ones who are holding their coins as it gets even more difficult for them to hold their coins when they see the market value of the coins which they are having going more down.

There are certain things which are creating all this drama but things will get better than they are right now in the near future. All you need to is to keep your nerves under your control.

Bitcoin has the capacity to grow that much in coming days. It has already touched this value in the past and past has the tendency to repeat itself. Not only will bitcoin touch 20k dollars, but a new record will be set by it too. The more time it takes in dip, the more it grows during the pump phase. Dips are not meant to be scared of, these are actually the times when one can increase his asset which is necessary for becoming rich in lesser time.

Bitcoin currency is a very strong system no body can judge the bitcoin happening sometime the bitcoin price fall rapidly and sometime we predict that bitcoin will fall but instead of a fall the rise comes into the market. The currency market is very sensitive and through this we can make investment and the profit for the future when the prices high we can buy things at a good value rather than now because the prices are not yet good.

Bitcoin supporters will not let this downfall to be more crucial, since the value already fell  from the previous pumped, they will try to lift this up again so new investors will be attracted again, It's a matter of how we trust the system and how well we assess the situation, just keep monitoring and never to lose hope and sell with loses, no worries is needed just wait and see the positive result.

Something serious coming here. Yes brother, we are facing with critical satiation right now. As far as the rumors are concerned, you are saying 30-40 percent, I think actually this figure is so low. Haters are trying their hard to make the deformed level of bitcoins in the eyes of general public but still they will be ending with sadness and worries. Reason is bitcoins are lifting up again.

Like I said in the first post, all this FUD and blood is needed to keep going up. Bull season is already starting with some major altcoins but as far as bitcoin goes, I don't like the momentum of this moves, is not behaving as the momentum when we are about to change direction. The daily momentum shot up at a peak already, the weekly momentum is crashed to the ground and that gives a chance for a dead cat bounce in momentum, on top of the RSI entering below the 50 level. Something we haven't seen since 2015. All of this to prolong bitcoin's bull run while alts shoot up.

We are definitely going to test 9,700. We have until June to clearly see what is price going to do, if it takes that 50% fib (9,700) as support or what. For now we only have the 61.8% fib retracement as support and that's pretty good. We might even touch 12,000 but still being wary about 9,700. Worse case scenario: bitcoin enters a cup and handle scenario for a whole year. That's still fine. It might be needed to psychologically change people's mentality of just: when moon? when lambo? btc is making me rich. All I want is profit. Because seriously, people need to calm down. And it seems there's no way of calming people down but prolonging things.

Fud, correction, government restrictions, a lot of negative things happened at the same time during that dump so it's normal that weak hands sell due to panic. The drastic drop actually showed us that a lot of people got in unprepared and sold most likely at a loss.

IMO, that is because of the FUD,  the price is going down but not anymore, we will definitely see a great price increase in the future.
For now, it's time to buy to profit when bullish season will come, anything that is below $10,000 is already cheap, if we believe and we want
money in just short term, we should buy now.

what I'm seeing, bitcoin keeps going down. I do not know why? there's a good heart to have to send a link to get some idea of ​​what's going on. advance thank you.

I am getting BTC information going down $ 4000
then March will be back up.
this will happen if some wall is not strong enough to survive. if the wall is strong then March may be back up. I just hold it, and keep watch.

If you don't know what to do or how to behave during fud or a massive correction, it basically means that you don't know how this market works. The senior hodlers here don't care about this correction at all.

You either keep hodling or trade against the volatility caused by whatever shitload of fud. It's not the first fud attempt and correction, and definitely won't be the last. If you invest in Bitcoin, you have to know that.

If you jump into Bitcoin without doing any research, you're pretty much just gambling on this market, which will cost you badly in the long run. If you swallow a loss, there is only yourself that you can blame.

Yes, I am really wondering about what is happening with bitcoin and what is up with the price dumps in the market of bitcoin and i realized that it is just the result of the FUDs about bitcoin because it is all over the internet and i know that this is not forever so i will not sell any of my coins and i will just keep holding them and buy some cheap altcoins out there.

Some need first hand experience to believe that, just look at the previous crash, it was way bigger than this one and faster as well, many people lose hope but those that survived that crash have no problem holding now since they have experience and even if they tell the newbies there is nothing to fear the newbies will not understand until they go through this and see for themselves that bitcoin recovers no matter how big is the crash.

If you know the history of bitcoin especially its markets history you would not wonder what is happening with bitcoin and instead would already think this will happen one way or the other. Bitcoin prices does not always stay on top all the time, that is why most of the old traders would say it is not new to them because bitcoins price always fluctuate in the first place so it is not a wonder if these whales who are holding most of their coins in bitcoin would play the market every first quarter of the year.

Everyone will do different things and usually many people can not think according to direction, when they have all these abilities. That's why sometimes some things like making a decision is a very difficult thing to do. Sometimes an easy question will be very difficult to answer, sometimes the circumstances do not match the existing conditions.

Nice spots to want to book profit. Those are some pretty crazy spots now as resistance if eventually a bull run starts as there are some holders wishing to make some pretty good profit in these regions. Holding really is not a bad thing and it depends on each individual. It is just that I wonder why people hold when they can make the best profit trading it when the time is right and looking for a better market to step in and make more profit.

I can't understand how news are getting spread and strange right now.  But it seems social media are currently been the accused for being bad for people who get rid in bitcoins. Some says news for BTC  are known for hackers and IT expert, but I don't care them and I don't wonder how the price are changing because I think BTC are only fluctuate the price. But I observed people are holding their prices that they will sell in the near future.

Yes I am wondering what could happen to bitcoin system. It seems like there were bad news to bitcoin lately that other members have been posting regarding with the investment. There are frequent questions raise that why do bitcoin price fall down? It seems like the supply for bitcoin now are high. So meaning there could be panic selling of bitcoin? The trust issues with bitcoin also is rising. There are lot of hackers lately and some advance IT experts that could be able to access the system. There should be a system update and restore the trust and its confidence in bitcoin system. I think that these system should be legalize for us to keep on investing. There should be someone that could make any actions to legalize bitcoin.

At first, I am wondering what happen with bitcoin price the sudden drops down of value. After that, I look chart bitcoin market to many years ago. At this time I buy bitcoins this situation has been going on for many years. I hope bullish again.

Choosing coins which the best to invest is good, but we all know that the most potential coins among of all is bitcoin also altcoin are depend on bitcoin price movement. If you have invested already before the dipping of price you should hold until you will your profit, holding is a safest way and lower risk than others. I'm not surprising at this moment when the price was going down it is traditional on bitcoin price movement that these months January and February bitcoin price was decreasing and the middle and last month it will bouncing back again.

Could've said better myself and this is what I mostly tell newbies or people who just jumped in to the world of crypto and most especially through trading. The first rule I would tell them is to do thorough research first on the coins you want to invest in because that is how you know a coin will be successful or not. And bitcoins price has been constantly fluctuating ever since so it is not a fuss for some when it dipped down.

Will go up

The prices are no doubt down nowadays but there is a bit of improvement shown in the value of bitcoin. If we study the graph of other crytocurriencies as well, we will observe that they also struggled at the start with their prices but then eventually the prices become stable, although many other currencies are not functional now but the bitcoin has been the replacement of all others because it has removed all the flaws present in the previous ones, it has gain the trust of people in very short time and soon its price will be to the moon.

I believe the bitcoin will exceed the $ 20k hook in the next few months. There's nothing to worry about at the moment. The sharks are tearing at each other )

Holding is purely for investors and the thing is that a lot of people mix these two up. Someone can be both and decide to make trading decisions and buy back when the time is right, while someone without some good knowledge about the market can just decide to hold as long as they believe in such project. So, like you said, I really do not see anything bad in holding as it depends totally on the person involved.

I would rather say the main problem is that people pick the wrong alts and not the one that is going to grow, with potentials but rather with one that is not even ready to pick up at all and just some whales who may be looking for gullible ones to dump on and make profit while they panic here and there selling for loss until the market gets totally drained.

Your calmness tells a lot about your experience. Not a single word uttered from your mouth was wrong. Definitely, you understand the way bitcoin works.  It is taking rest at the present moment and soon, we all will be in another pump phase. This one better than the previous one for sure. Bitcoin is the most volatile currency so its pump and dumps, both are unimaginable. But it should not worry anyone.

I cant agree with you more. The banks see how cryptocurrency wont benefit them so they go for media control and unfortunately people nowadays believe anything. But when people realize that cryptocurrency is the best way to go the price will change until it finally finds a healthy price with everyone  Also I love all your trading view charts they are always right! Thanks!!

I understand bitcoin value will fluctuate from time to time since it is the nature of all cryptos, but I didn't expect it can go deeper than it made few days ago, actually I am really wondering if this is really the cycle of bitcoin or it is maybe the sign that it will going to end soon. But after the recovery last day I started to understand even if bitcoin drops so bad it's still manage to recover and stay alive in the market.

Yes, I think before making any decision or any opinion it is better to exploit all the resources to get the best of the best knowledge of that time. Currently the market of the bitcoin is down, now the market is full of different rumours out of which only 30-40 percentage are the encouraging and rest are very very discouraging. So before making purchases or selling your cryptocurrency, do ask about the guidance from different people here.

Well sonetimes i really wonder what is really happening now in bitcoin because it is now really dropping   but even if it is now experiencing a huge dumping I believe that it will really rise again that is why I am not really afraid of it because ei believe in bitcoin many times from the past that it's price goes down and it really rise after a few months.

Never sell at such low price and if someone become fool by his emotions then surely he will be weeping very soon. Prices are down now but this is not a time to worry, bitcoins always behave like this. They are continuing their journey toward dip and then pump later.

Now is the dip time, so buy as much as you can and start a best life ahead. Hold them or trade that will up to you, plenty of options.

wow, looking at the charts really helps us in trading, sadly, i have learn other reasons why bitcoin price is low today, the waves that other whales are doing, the continuing decrease of bitcoin's market share because of other cryptocurrencies that popped up nowadays, the panic selling of newbies in trading. wow, how can we get a load of these factors affecting bitcoin price. i guess my stand in holding bitcoin really is important today. i hope everybody should do the same. small traders must unite to kick those big whales.

I think that's what everyone is gunning for nowadays. If you follow the simplest trade concept of buy low sell high, then you would think that it's the right time to buy since many coins are low in value. However, many people fail to see that that is not the only thing to consider when making trades, you may get it for a lower value, but you can't be sure if you can't capitalize on it and get good profit. I think many people are seeing the trade market as something that can be just tried and be winged, but that is not the case. Many people lose on trade time and time again.

first I was very surprised and upset because bitcoin prices could go down very deep up to $6k yesterday. let alone the weakening of the whole market because of the ban from some countries "the reasons are always same", but today the cryptocurrency market has positive signals. almost all cryptocurrencies are green:D, hopefully will continue, I think it would be better if you wait until the next few months I'm sure you will reap huge profits,

I do accept the fact that there are plenty of potential projects which have a much lower valuation at the moment and since the entire market was bleeding,it is time to get hold to some of the coins,we will see the market moving in both directions throughout this year,simply because there will be news about regulations every now and then,until there is a clear picture never expect a rally.Sure there are many shit projects and coins,just learn the market and invest diligently.

It is not "feeding" the whales like you are the source of their profits.
It is you who is being eaten. They are like numusvore (money, currency eater).  
They will eat all the investment you made and you should say goodbye to it.
Never go with the wave up. It is too good to be true.
Learned this from the commodities where I use to trade before. It is almost the same in some parts of it.

Unfortunately, a lot of people who are inexperienced traders will still at the end feed the whales no matter what. Some people are getting into alts that have already been pumped and then is in the verge of getting pretty dumped soon, and they just follow some whales blindly in telling them what to do.

Anyone who cannot analyze the market for a long term hold should not even bother themselves trading. It is best to find a coin that is undervalued, a good project with good team and invest in such for the long term and also know where to even get out of the market when the time comes.

What concerns me the most is that before there has been lots of corrections in the price. Heavy corrections here's a chart:


The problem is, is that previous corrections happened with very drastically different volumes. In 2013 the total market cap was like around 1.6 billions. and in 2016 like 7 billions. So the corrections where 50% or 80% of that, now we are talking that is 70% of 800 billions.

Yes that’s true. Speculators will speculate the wrong thing and will always divert the inexperience traders in wrong side. Apart from this whales,  I’m not sure if they do exits or not but it is the world where bugs are always there and they will always destroy the public power by creating the monopoly of investment. If they are the kind of whales then surely they making things worse and we are falling for it. Just with the current scenario, we can see that people are not understanding what’s really happening here and they are just selling the whole thing at whatever prices. If this continued then they gonna break the market for sure.

Actually I do not really care and do not want to know about it. I do not really care what makes the price of Bitcoin rise and fall. I do not really know and try to know, but that's not my first priority. My main priority is to collect crypto like Bitcoin and Ethereum as much as possible. In fact, with this price drop, I can collect and invest as much as I can with Bitcoin and Ethereum. If I collect now, surely the profit I get will be even greater if the Bitcoin price is back to normal. Especially with the increase in the price of Bitcoin in the future which will surely happen again. Do you remember about the Bitcoin price increase last year? So do not worry and keep your spirit !

You can throw a pair of MA and on the daily chart you can immediately see that bitcoin should have dropped to 6K dollars.
As usual there are only two options, either a breakdown down and a complete collapse of the coin, or an ending movement and endless growth.

And since only in 2018 there has come the era of the crypto-coins, it will not collapse.
I do not understand that you are breaking your head 

Yeah you just have to play smart or be outsmarted. I'm still really happy with this prices. Are more reasonable according to what blockchain has achieved so far. Not that there's a formula for that but what has blockchain achieved in the average joe mind? "hey get rich quick" that's all they think when they hear about crypto, and that mentality is what whales love to play with.

I definitely think bigger participants are totally controlling the market I mean we are dropping down to 300 billion dollars in total and the ATH was 800 billion, some top 5 wealthiest families in the world could buy the whole asset class in a blink of an eye and still have lots of billions remaining. I really wish to see the market get purified and get rid of all the scam that has been just piggyback riding this market. I'm not sure how would that happen considering how easy it is to manipulate low cap altcoins. But that's always relative because for "the big boys" is so easy to manipulate "blue chip" coins too. And manipulation completely fucks up the whole concept of decentralisation, it makes me just think it's an utopia. The market is pushing you to sell right now, almost shoving it down your throat but still I don't think it's worth selling your position if you are trapped higher, this prices are healthier than 20,000 too soon. What wasn't healthy was to think previous prices where going to be sustainable, specially knowing that 1,800 bitcoins are being mined per day. And also considering how other coins rely on mining too.

How did you calculate that?

I think that bitcoin prices have dropped sharply in recent days and there is no sign of stopping because of the psychology of taking profits before the Asian holiday and the growing tightening of the Chinese market for bitcoins. . Currently the price of bitcoin is $ 7000 and there are signs that will continue to fall, as my calculation, the bitcoin price may reach $ 5400 in the coming days.

There isn't anything to wonder about, the major coin holders are dumping that shit and rebuying it it lower cost, so that they can later rinse and repeat When the bitcoin became popular, millions of newbies  decided its their chance to get rich quick! Suddenly, your local barber became a crypto broker over night lol. The wales obviously expected it, and when the time was right, the flushing marathon had began. The chain of some world wide events like the chinese ban obviously brought its contribution to table.

Lets recall the 2008 events, yes.. the housing bubble! DO we still recall the unfold of events prior the burst? It was the time when your local barber was also a real estate agent . The banks were giving out mortgages like candy, because they knew that they could always to back to wall street and ask to issue some more garbage bonds. Meanwhile the s&p and moodys continued to issue AAA rating for those junk bonds that had no future. The game is being played on the level beyond average investor's comprehension.

My point is, the wales will always manipulate any market! We could sit here and debate all day, or study the history and play smart!

In the end those who play without basic knowledge or without senior guidance, he will gives a bad image for bitcoin. Many started when bitcoin prices rise uncontrollably and at that time they put high expectations. With that high expectation, if they can't survive this time of course they will lose. for newbie don't hesitate to ask in this forum so many people are willing to help you.

I have not yet taken a decision about selling Bitcoin. I will be watching the market events till the end of February and then decide what to do.

You are right but I doubt if we will really earn a big profit when the price of  bitcoin recovers.  People tends to sell at wrong time like if the bitcoin recovered  and then you sell but then the price bubbled up to a higher price making you lose possible profit. People who hodls whatever happens are the  ones who benefits the most from this situations especially if you have funds for investing.

At this time I buy bitcoins this situation has been going on for many years. Very soon it will start to grow as usual

Bitcoin is very volatile, so whats happening rightnow is not new. This big drop in price of bitcoin has a really big impact to those who have weakhands, they started to do panic selling, which is not good idea. Thats why its price is still droping. But i know bitcoin price will still recover. All we have to do is to take this big drop as a chance for us to buy more bitcoins and then wait untill we get big profit.
Just be patient and trust bitcoin, big profits are on the way.

At first, I am wondering what happen with bitcoin price the sudden drops down of value. But, if we truly observe the past charts the market is volatile. Thus, even if the price is so low today bitcoin will always recover.

Absolutely not, at the beginning of each year there is always a big fall in price of Bitcoin so what happened is very expected. In spite of the price of bitcoin has decreased by more than 50% in the last period and that's unfortunate.
On the other hand, it's sure that this crisis is temporary and Bitcoin will overcome the difficulties and it will return more strongly and I think that next price of bitcoin will be more than 30K after a few weeks.

I consider you as a newbie if you are asking this question. But if you are not, believe me you need to understand bitcoins and get some knowledge about it. If you don’t know bitcoins on the gross level, you will not be making the best out of it. Proper research is needed for bitcoins before getting into the practical world. Good luck to you.

I have read the article based on this chart which has explained what’s happening to the crypto market  but the psychological support  is no longer at $10k thanks to the revenge trading as described but am hoping the market doesn’t bleed out further than this....waiting for the comeback.

Its really a state of dilemma to even have a slight idea of what is going on with price but what I have noticed is that, it just cut across the entire cryto industry when the price of bitcoin is going higher, all of alts too will witness some high ups and the same thing is happening when the price is going lower too. I feel to see a big surge around here, there is need for consistency in the small increase that is being witnessed because without that, its just going to be the same situation repeating itself all over again.

Best thing about is bitcoins is it is unpredictable. You don’t know what is going to happen next day. Prices are going higher one day and people starting investing in it and then it comes the next day when you see the price chart going down. Volatility of price makes it unpredictable. People love to buy and sell only because they know there may be chances for them to get profit.

The problem is that many people did just that. Hurriedly bought btc when it was pumping last december without even taking the time to do research about it. For those people, seeing the decline of their money this fast would ready cause a heart attack. Hence they're trying to save whatever's left not knowing that holding for a little longer would save their investments. More like they jumped into quicksand and started flailing when they felt they're sinking instead of keeping steady

Well, for me this is usual play of bitcoin every year having a down fall of exchange rate. Do this can not be taken for granted but show that we are not be panic like what others do because this can be affect the whole market value if we listen to them or sell it all over just because of feedbacks around the forums and social media.

Apart from the fact that there is no government authority to protect your interests, there have been reports of people having trouble redeeming the Bitcoins they invested and converting them into money as well.
Personally, I feel it is very important to understand exactly what they’re investing in and go by their own convictions instead of falling for trends. It’s always tempting to dive into an inviting pool, but if you’re in the deep end and don’t know how to swim, well, you’re in trouble

upon all thay,also lets not forget the participations of those TROLLS that has been used to make this fud and big mind pressure to the users,maybe i would suggest for the holders not to check the value .thats what im doing now so i am not affected by everything.because the price will rise eventually without a doubt.bitcoin will recover bigger

Yes you're right we can't predict the price this is so hard to predict. If that so, you should still wait but how about if bitcoin price today is the last dump I think it will become hard to all of us. Well, we should still believe in bitcoin and hold on it. Maybe soon it will getting higher and all us will become happy for this. Lets all wait and watch on the price guys. Keep holding.

I think it's reasonable to asked people to hold, because most of us believe that bitcoin still go up and reach more than $10000, if the experience traders encourage people to sell again then the market will crash more deeply, but I agree that people need to be more careful if they want to invest in alt, most of the alt is only being pumped  by the whale, if they want to play in alt, it's better they set the exit strategy before they start to invest

No, I'm not selling any of my coins now because I believe after all the current issues settle down prices again go up. I already booked some profit when prices were around 20K and 15K range so I can wait until this year end without selling any of my coins.

While HODL-ing , people look at altcoins potential to grow together whenever bitcoin ready to bounce back, it's not something new , the strange thing are when people do make a brave speculation now but cut the loss sooner due panic, people nowadays wants an instant cash , it's impossible, you need a lot of time before collecting good things later as profit. It's like a scheduled crash for bitcoin but yeah no one know.

I TOTALLY GET YOUR POINT BUT THE THING IS I THINK MAJORITY OF THE PEOPLE IN CRYPTOCURRENCIES NOW, PARTICULARLY BITCOINS, ARE JUST HERE BECAUSE THEY WANT TO JOIN THE BANDWAGON. THEY ARE DEFINITELY NOT HERE TO UNDERSTAND YOUR TECHNICAL APPROACH ON THIS. The attitude is simply dense hence the price of Bitcoin has been erratic due to the influx of enter and exit investors. This fact, we definitely cannot control. What I am saying is since technical people are outnumbered, we have no choice but to ALTOGETHER deal with the price fluctuations UNLESS there are any mechanisms available to educate people on cryptocurrencies and everything that goes along with it. On the other side of the coin, let me remind you that we cannot totally attribute this to the number of 'ignorant investors' as you earlier called it since there are huge companies that hold a huge chunk of share in cryptos, and they are definitely here to try to control the market. I think there are bigger whales out there in either public or private sectors that have come to take control of cryptos yet again. Now, what say you? 

Price trying to make a floor here at 8,000. Are you going to sell 8,000?

I am also big fan of Mia khalifa and stormy daniels. For tits and but. 

hahaha 

LOL, I really big fan of mia khalifa. Is this a real person. If mia I wanna say really love you all the time.
Now bitcoin is widely spoken in many places as like that bitcoin price drastically affected the overall crypto market. Sometimes we use to see the fluctuations in the marker recent days all the crypto currencies goes falling in well.
Selling the bitcoin for the present value is also not the good idea. Please check the best wallet and hold it for some years. You will become a millionaire.

Government regulations, big whales, FUD and Congestion that cause transaction fees that are at a much higher rate are big problems facing bitcoin today. For me personally i don`t trust FUD, transaction fees and government regulations are not a serious problem. But, big whales can do everything, who can get rid of them? ..


Can we do it, because our number isn`t just one person. I may be able to, then how about the other people?


I like your opinion, maybe this is a safe way for now, means not feeding whales.

I don't like how the weekly chart is looking tho

If the weekly closes at around these prices, the RSI will be below the 50 area, which it has been a proven long term RSI support and resistance spot ever since 2013. So this is definitely a big crucial moment for bitcoin's price. It might be the way whales are showing how bitcoin isn't the king anymore with so many alts in competition proving they can be all that bitcoin offer, but much much better. This incentivises whales to move bags.

Also we are finally seeing more market share from different alts. This is a good sign the market is balancing itself.

We might be entering the period where bitcoin will stay as the base value of the markets, but not necessarily have to stay in top 1 in market cap. Look at OMNI. Lots of assets are based in OMNI, and their assets have much more market cap that OMNI, which is the base value for this assets. Is just a thought.

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.