Bitcoin current situation - page 2. | Bitcointalksearch.org

maydna

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Quote from: pankaj1234 on March 26, 2020, 01:51:00 AM

Any market has its up and down. bitcoin drops very fast in previous days but now recovering slowly to up. the price has fallen to 3800$ anybody capture that price now will be on profit side.Now bitcoin price increasing day by day is good sign for Cryptocurrencies and it total crypto market will come on line in some times.
So bitcoin current situation is looking good not to worried.market is looking for come back once again.

Obviously the current situation of bitcoin is positive. Crypto market is always unpredictable. But in long term it is not risky. Also you should not invest your whole capital at a time .

And it proves now. After bitcoin reach and hit $7,100, the price now back to below than $7,000. The bitcoin price now reaches $6,700, and it still goes down, and we don't know how much bitcoin price will stop. The red candles replace the green candles, so we need to prepare if somehow the situations become worst, and we need to make another strategy to face something that we don't want.

Perhaps, we will get another discount price of bitcoin again this time, so make sure you have your money in your account, so you don't miss the right time to buy bitcoin later. And don't forget always to analyze the price before you enter the market.

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Quote from: pankaj1234 on March 26, 2020, 01:51:00 AM

Any market has its up and down. bitcoin drops very fast in previous days but now recovering slowly to up. the price has fallen to 3800$ anybody capture that price now will be on profit side.Now bitcoin price increasing day by day is good sign for Cryptocurrencies and it total crypto market will come on line in some times.
So bitcoin current situation is looking good not to worried.market is looking for come back once again.

Obviously the current situation of bitcoin is positive. Crypto market is always unpredictable. But in long term it is not risky. Also you should not invest your whole capital at a time .

Sometimes I don't it when people call the market a positive or negative, is it just because of the price? I mean if you say that market is unpredictable then we should not have any negative or positive side of the price. Bitcoin is very volatile, it can go from a hundred to zero, vice versa, and the risk is high compared to other currency we used online. With bitcoin's price right now, the best is to buy enough not taking everything from yours to risk, just enough to make a profit for investment.

rexxarofmoknathal

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Quote from: turkandjaydee on April 08, 2020, 05:21:00 AM

The last price drop of the Bitcoin price is very reasonable. As many people have said that it's because of coronavirus pandemic.

The thing is we don't know until when this pandemic will last and the more it takes time, the more people will cash out their assets because they will need more cash.

And what I can conclude so far is people who are struggling with having cash currently will lose their opportunity if the bitcoin price will increase after this pandemic is over because they won't have much money to buyback bitcoin.

So I think it's still not good if you invest your money in Bitcoin even more than 20% right now. Don't gamble on this unclear situation yet and buy Bitcoin when the situation (coronavirus pandemic) is clearly getting better.
But this is pure based on fundamental analysis, not technical.

The people who won't be able to afford living expenses during the lockdown and thus would have to cash out in order to get their hands on some cash are only the minority investors. This would mean that the overall effect of these sales won't be adding much to how the market will behave as the major investors will buy in as a result of anticipated price rise due to the halving event instead of selling.

The underling message here is once again resonates to this: people shouldn't invest if they can't afford losing their investment since by investing you pledge to the unpredictable risk of loss.

vinoram

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◾️Bitcoin price 1 month before halving

2012: $10
2016: $576
2020: $7,300

◾️Bitcoin price 6 months after halving

2012: $130
2016: $900
2020: ??

Current case we will see bitcoin at 10k

Oceat

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Investing is too risky but i think investing now in bitcoin is still good because the ups and downs in the market is normal and it's worth to invest for long term. Also if you want to invest you should be patient if you want to gain high profit.

Just buy low and sell high that's just the basics of trading with your investment. It doesn't matter if it's a long term or short term investment as long as you follow the rules of buy low and sell high you will probably gonna get a profit. Although it may take some time before you can get the desired profit that you want. If you want to speed up your process then proceed to day trading but this time you will need more than just the basics because it requires patience and skills. Learn more by watching or reading on how to make a profit through day trading.

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Quote from: Leviathan.007 on April 08, 2020, 05:38:38 AM

Quote from: billknight on April 08, 2020, 05:32:27 AM

Bitcoin has proven to be more stable than many stock market assets. At all times, in difficult economic situations, during crises, people have invested money in eternal values - gold, diamonds. Now such values include the oil. But oil prices are falling as the industry falls. The main advantage of gold and diamonds is that they take up little space, they are easy to store and transfer, gold and diamonds are hard to mine, and their mining costs a lot of money. Bitcoin also has all the qualities of gold and diamonds. It is hard to mine, easy to store and Bitcoin mining costs a lot of money, and the number of Bitcoins issued thanks the halving that will happen in May will only decrease. I think that Bitcoin is a reliable asset that will only grow in value in future.

Exactly that's what I wanted to say. during those days all markets just started drop down including stocks the only this could be called a "safe haven" was gold. However, comparing to the other similar markets BTC downtrend was just much better. I aw many people the bought bitcoins for 4-5K and now Imagine how much profit they will get out of it easily.

Despite the small change, gold was also affected by the pandemic and did drop last month. It rebounded but still, it is affected by the pandemic and if the pandemic is not contained well for a long time, then that would also affect gold and it might also affect bitcoin. I agree though that bitcoin did well as it dropped to $4K and now we are at $7K but still going back to $6K.

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Quote from: turkandjaydee on April 08, 2020, 05:21:00 AM

~snip~
And what I can conclude so far is people who are struggling with having cash currently will lose their opportunity if the bitcoin price will increase after this pandemic is over because they won't have much money to buyback bitcoin.

I think the price of bitcoin will go up a lot after coronavirus epidemic ends. I'm pretty sure, those who are selling their Bitcoin at lower price, after some days later they will regret for it. If you have enough money you can invest more on bitcoin hopefully bitcoin will not discourage us.

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Quote from: Leviathan.007 on March 25, 2020, 12:22:43 PM

2. But in the other hand some other people, unfortunately, using the money from dad/mom/loan/... Also they want to get the profit in short term.

This is the worst thing to get involve when it come to cryptocurrency. Funds that don't belongs to you as the holder should not be use for investment because the cryptocurrency market is some how unpredictable due to it volatility known by it existence. Have seen many funds managers who managed people funds in trading their holdings for these investors and later ended up be jailed for mismanagement. They loose their funds in their coffers due to market volatility and not because of their carelessness. "Invest what belongs to you and you only. Investing what you can afford to loose because loss can bring depression".

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Quote from: Cryptoreflector_666 on March 25, 2020, 06:13:24 PM

Totally agree with you. Bitcoin almost every year experiences a rise and fall, and people who engage in cryptocurrency do not panic,

Old timers in this market already knew that thats why many are not engaging in discussions because they already knew what will happen sooner or later.

Quote from: Cryptoreflector_666 on March 25, 2020, 06:13:24 PM

but use such situations for their own benefit. Emotions and crypto trading are not compatible. Here you need only cold prudence and the brain.

but if Instinct is part of emotion then this is compatible in Bitcoin trading,because i have experienced for some time that my instinct is much better than my own researching(but not totally in all time)

verita1

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That is such a correct thought. Do not spend what you do not have to can sleep peacefully.
About BTCitcoin, we all know that we must have some amount of Bitcoin in our wallet because it is an asset that we must possess in the long term.
We have the advantage of recovering from a loss when Bitcoin reaches a higher price than we bought it for.

Thomasvd1337

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I agree with FanEagle,

I would only invest my money, when i dont really need it.
If u invest in something and hope to get profit in short term, then you are wrong.
Never use money that you really need, it may put you in a situation you have to sell with loss.
While maybe a few weeks / months later you could have sold it with profit.

FanEagle

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I have seen the story of a man who invested his loan in Bitcoin and then the money grew to a huge amount and he withdrew and paid back the loan and still had more than twice of the amount left. So, bitcoin has helped many people and in current situation who are able to withstand may enjoy more fruitful returns just for holding bitcoin in harder times as well.

For me, I would say that it was just luck that was on his side, this might not be the same story as everyone , there are people who might try it, which I know there are, and they will end up losing their money, so it’s by luck. I wouldn’t take such a risk, I would prefer to go from little to something than to be rushing things, because if should lose a huge amount it’s going to frustrate me so much.

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Quote from: Leviathan.007 on March 25, 2020, 12:22:43 PM

Created this topic for some bitcoin investors to read about the current situation, please read and share your comments with me.

These days many people are scared because they think lose their money with bitcoin because of the price falling down.
There are two kind of people in my own idea:
1. Some people invested with their own money and they are also thinking long-term (2-3 years or more)
2. But in the other hand some other people, unfortunately, using the money from dad/mom/loan/... Also they want to get the profit in short term.
Please everyone be careful, when are you using other people's money, you will get stress and you panic real fast. obviously, in this case you lose your money and leave the crypto world while you say "crypto is unless/scam".
Many investors are recommending people to do to enter any project with the money they need, use the part of money you don't need it. So, even if you lose your money you won't be depressed
If you know bitcoin for 3-4 years you know we had many pumps/dumps even worst than this. For example, a few years ago after closing BitInstant, bitcoin stopped trading and the price fallen down like hell. some people sold their bitcoins for a real low price and lost too much money with selling too cheap. Everyone said bitcoin is over and here it is! Today you sell/buy it for 6K USD.
Sooner or later... Bitcoin price will rise and having one single bitcoin will be a dream for other people.

I think bitcoin are not so much on the trend to be affected by the pandemic. And investor always aim for a long term investment for bitcoin because there has a huge chance that bitcoin will rise again.
Because i think investors will prefer more on bitcoin than ICO which bitcoin price go volatile and possible go straight to pump.

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Quote from: Leviathan.007 on March 25, 2020, 12:22:43 PM

1. Some people invested with their own money and they are also thinking long-term (2-3 years or more)

Many newbies and average investors are like this. They don't know how to trade but they want to get profit with crypto so they just bought some cryptos and then just hold it until it reaches the target they put.

Quote from: Leviathan.007 on March 25, 2020, 12:22:43 PM

2. But in the other hand some other people, unfortunately, using the money from dad/mom/loan/... Also they want to get the profit in short term.

Well, this might work if you are a trader so you can roll your Bitcoins to get an easy profit. Unfortunately, most of these are either newbie traders or greedy investors who are thinking that crypto can give profit to them in a short amount of time. It might be but at the same time it maybe the opposite that can happen to them. It can give them huge profits but at the same time it can give them huge losses.

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Quote from: Shasha80 on April 08, 2020, 06:18:04 AM

In my opinion the current bitcoin situation is quite good, it can be seen that prices are now rising to $ 7300. This is a good sign, meaningful
investors have started investing in bitcoin again. If this situation can continue to improve, I'm sure the halving that will occur next month
will be as predicted many people namely the price of bitcoin can again touch the price of all time high. But for me even though it didn't reach
the ATH price it didn't become problem, because I am a bitcoin holder for long-term. I buy bitcoin when the price is $ 4000, and I will hold it
for the next 3 years.

Good position that you have taken from that value, and with your intentions to keep holding your assets will bring you much higher benefits, knowing the past actions of bitcoin, halving brings good market movements. Though we are still experiencing problem with this ongoing corona effects, the market will soon to bounce up, when cure will be available the market sentiments will grow stronger.

Shasha80

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In my opinion the current bitcoin situation is quite good, it can be seen that prices are now rising to $ 7300. This is a good sign, meaningful
investors have started investing in bitcoin again. If this situation can continue to improve, I'm sure the halving that will occur next month
will be as predicted many people namely the price of bitcoin can again touch the price of all time high. But for me even though it didn't reach
the ATH price it didn't become problem, because I am a bitcoin holder for long-term. I buy bitcoin when the price is $ 4000, and I will hold it
for the next 3 years.

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Quote from: billknight on April 08, 2020, 05:32:27 AM

Bitcoin has proven to be more stable than many stock market assets. At all times, in difficult economic situations, during crises, people have invested money in eternal values - gold, diamonds. Now such values include the oil. But oil prices are falling as the industry falls. The main advantage of gold and diamonds is that they take up little space, they are easy to store and transfer, gold and diamonds are hard to mine, and their mining costs a lot of money. Bitcoin also has all the qualities of gold and diamonds. It is hard to mine, easy to store and Bitcoin mining costs a lot of money, and the number of Bitcoins issued thanks the halving that will happen in May will only decrease. I think that Bitcoin is a reliable asset that will only grow in value in future.

Exactly that's what I wanted to say. during those days all markets just started drop down including stocks the only this could be called a "safe haven" was gold. However, comparing to the other similar markets BTC downtrend was just much better. I aw many people the bought bitcoins for 4-5K and now Imagine how much profit they will get out of it easily.

billknight

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Quote from: turkandjaydee on April 08, 2020, 05:21:00 AM

The last price drop of the Bitcoin price is very reasonable. As many people have said that it's because of coronavirus pandemic.

The thing is we don't know until when this pandemic will last and the more it takes time, the more people will cash out their assets because they will need more cash.

And what I can conclude so far is people who are struggling with having cash currently will lose their opportunity if the bitcoin price will increase after this pandemic is over because they won't have much money to buyback bitcoin.

So I think it's still not good if you invest your money in Bitcoin even more than 20% right now. Don't gamble on this unclear situation yet and buy Bitcoin when the situation (coronavirus pandemic) is clearly getting better.
But this is pure based on fundamental analysis, not technical.

Bitcoin has proven to be more stable than many stock market assets. At all times, in difficult economic situations, during crises, people have invested money in eternal values - gold, diamonds. Now such values include the oil. But oil prices are falling as the industry falls. The main advantage of gold and diamonds is that they take up little space, they are easy to store and transfer, gold and diamonds are hard to mine, and their mining costs a lot of money. Bitcoin also has all the qualities of gold and diamonds. It is hard to mine, easy to store and Bitcoin mining costs a lot of money, and the number of Bitcoins issued thanks the halving that will happen in May will only decrease. I think that Bitcoin is a reliable asset that will only grow in value in future.

turkandjaydee

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The last price drop of the Bitcoin price is very reasonable. As many people have said that it's because of coronavirus pandemic.

The thing is we don't know until when this pandemic will last and the more it takes time, the more people will cash out their assets because they will need more cash.

And what I can conclude so far is people who are struggling with having cash currently will lose their opportunity if the bitcoin price will increase after this pandemic is over because they won't have much money to buyback bitcoin.

So I think it's still not good if you invest your money in Bitcoin even more than 20% right now. Don't gamble on this unclear situation yet and buy Bitcoin when the situation (coronavirus pandemic) is clearly getting better.
But this is pure based on fundamental analysis, not technical.

michellee

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dont put all your money just give in 60% of your fund and the rest is your backup so that even the price is down you dont felt any down emotion and much better use you own money to avoid doubt for investing

Exactly. That is what we need to do if we want to buy bitcoin. Don't use too big money if you are not ready with the risk because, with the bitcoin price volatility, I guess that will make you a panic moment to see the price will be up and down. We don't need to all in our money because that we cannot make another buy order if the price is down, and as what you suggest, we need to control the emotion in trading because we will meet another surprise moment. Make sure we can ready for anything that can happen.

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