I think that the news of Google creating a quantum computer will increase the fall of Bitcoin. And the price of Bitcoin will be 8000-9000 dollars.
Those computers will not be available for the masses for a long time and unless Google will use it to mine cryptocurrencies, i do not see any relation between it and bitcoin or others cryptocurrencies prices. 
Topic: Bitcoin Declining. (Read 3323 times)
Quote
What in seven hells
Clearly this market is an unnatural abomination, gonna massacre both sides short term shaking out the weak hands in speculators trying to hold or sell BTC for a quick buck. When its finished thrashing about, then it finds a direction longer term.
I drew this trend trying to find the most common point between prices since June and it came up like this, doesnt have mean the market respects it but prices usually bare a relation to previous chart history. I thought it looked quite bullish with it holding a line and only briefly breaking down yesterday and recovering. See if we lose it or maintain that base.
The really simple measure is 50 day average which is 10,500 and also we continue to have 8 day and monthly here also so I'd say negative until thats beaten but otherwise it could be building short term in order to beat that measure and attempt higher.
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In these situations, I think if we can make a profit, it is better to sell some bitcoin we have so we can buy back again when the price is down. This situation will be up and down again, and that is the reason why I say to sell some bitcoin because we never know when the price can increase or decrease. By buying and selling, I think we can survive in any conditions so we can have more bitcoin, more fiat to wait for the increasing of the price.
If you are comfortable playing with the market and you are willing to take the risk this situation can help you building your portfolio and allow you to generate decent profits, but if you're not ready and your knowledge is not enough better to keep your coins and forget for a while since there's also big chance to make a mistake, panic selling and losing your investment always possible to happen.I will do that if I have enough information about what is happening in the market. I don't want to risk my money to something that I don't have info, and I will stay calm for a while. It's not recommended to push ourselves to enter the market when the market itself cannot be predicted. I think the other trader will do the same as us if they know the market is not good to trade and it is better to hold than to sell the coins.
Why the fuck is bitcoin declining, any FUD new or any whales dump? Dropped now from $11k to $9k
Yesterday bitcoin drops to 9k usd again falling 600usd in just couple of hours so are you angry again!then what about if bitcoin is Inc growth are you celebrating?Why people act this days nowadays,are those remain here are pretender to be investors?i hate it when I saw thread reacted badly just when they are about to see small decreases in prices
Can’t we give bitcoin and altcoins some time to grow good again without making this kind of weak thread?
you mean "bear trap" because it is the bears who are being slaughtered these days as they are the ones thinking the price should go down and go against the market. otherwise the bulls are accumulating in this sideways market to get ready for the launch.
as for whales, you have to remember that not all of them go in the same direction. for example the whale bears that are having their heads chopped off these days are going against the whale bulls that are eating them up.
Its a small bear trap so far for today on the 1 hour bar perspective but I dont think its fully resolved just yet. Its quite confusing short term for us to reverse immediately like this, it can be said to be repeating continually though I think there is a trend longer term. Today its risen from support it found previously so I guess there is alot of orders in that area and it was very briefly at 9600 for like a few minutes then most of the day near 9800 and spiking upto near the 50 day average which again I think has alot of sell orders waiting. Hence we remain contained between buyers and sellers either end 9600 to 10400.
I believe this is called a Doji candle and doesnt really point towards a bear or bull trap exactly.
https://commodity.com/technical-analysis/doji/
I believe this is called a Doji candle and doesnt really point towards a bear or bull trap exactly.
https://commodity.com/technical-analysis/doji/
Why the fuck is bitcoin declining, any FUD new or any whales dump? Dropped now from $11k to $9k
Yesterday bitcoin drops to 9k usd again falling 600usd in just couple of hours so are you angry again!then what about if bitcoin is Inc growth are you celebrating?Why people act this days nowadays,are those remain here are pretender to be investors?i hate it when I saw thread reacted badly just when they are about to see small decreases in prices
Can’t we give bitcoin and altcoins some time to grow good again without making this kind of weak thread?
Why the fuck is bitcoin declining, any FUD new or any whales dump? Dropped now from $11k to $9k
Yesterday bitcoin drops to 9k usd again falling 600usd in just couple of hours so are you angry again!then what about if bitcoin is Inc growth are you celebrating?Why people act this days nowadays,are those remain here are pretender to be investors?i hate it when I saw thread reacted badly just when they are about to see small decreases in prices
Can’t we give bitcoin and altcoins some time to grow good again without making this kind of weak thread?
there are times in the market, when the trend is more predictable than other times. for example right now it is not so much predictable. all we know is that price is going sideways between $9500 and $11000 and unless it starts going above $12k we can't do any trades for sure.
but for instance when price first hit $12k+ if you sold there (as a short term trader not an investor) then it was a good choice then you could enter your accumulation phase where you bought incrementally between $9.5k and $10.5k and wait for the sideways to end.
You don't have to sell at 12k to make more profits during the 9k-11k period, you could just buy at 9k when it drops (whenever bitcoin drops under 10k its a prime price to buy) and then sell it when it reaches 11k whenever price goes above 10k its a good idea to sell). This may not be a long term idea but it could totally make you a decent return in the short term, that is why I always support people who trade in between trends.but for instance when price first hit $12k+ if you sold there (as a short term trader not an investor) then it was a good choice then you could enter your accumulation phase where you bought incrementally between $9.5k and $10.5k and wait for the sideways to end.
It is not a big time period compared to 10 years we have been in operation for bitcoin but at least these last few months it would have been a lot profitable than any other method, how many times bitcoin reached under 10k? How many times it reached over 10k? Many many times and all of that would have accumulated a great return for everyone.
Selling and rebuying lower is a very risky move, you don't know when it will go up and you don't know when it will go down so its as risky as holding as well.
Maybe you sold at 12 to buy again at 10 but maybe you sold at 10 and it goes to 12, you never know which one we are in right now until we actually see it happening. That is why people keep saying hold your currency unless you really need to cash out, if there is something like medical or something bill then yeah sure but if that doesn't happen then you really need to hold it because long term holding is the only guaranteed method of making money.
Bitcoin is pegged at dollar right now mostly and we calculate the price on dollars all around the world but dollar loses its value every year, 100 dollars is never 100 dollars, what you can buy with it changes every single year and difference is bigger if you look at decades, so bitcoin holding for long term will eventually profit you in the end.
Maybe you sold at 12 to buy again at 10 but maybe you sold at 10 and it goes to 12, you never know which one we are in right now until we actually see it happening. That is why people keep saying hold your currency unless you really need to cash out, if there is something like medical or something bill then yeah sure but if that doesn't happen then you really need to hold it because long term holding is the only guaranteed method of making money.
Bitcoin is pegged at dollar right now mostly and we calculate the price on dollars all around the world but dollar loses its value every year, 100 dollars is never 100 dollars, what you can buy with it changes every single year and difference is bigger if you look at decades, so bitcoin holding for long term will eventually profit you in the end.
true but things are never that easy.
there are times in the market, when the trend is more predictable than other times. for example right now it is not so much predictable. all we know is that price is going sideways between $9500 and $11000 and unless it starts going above $12k we can't do any trades for sure.
but for instance when price first hit $12k+ if you sold there (as a short term trader not an investor) then it was a good choice then you could enter your accumulation phase where you bought incrementally between $9.5k and $10.5k and wait for the sideways to end.
Selling and rebuying lower is a very risky move, you don't know when it will go up and you don't know when it will go down so its as risky as holding as well.
Maybe you sold at 12 to buy again at 10 but maybe you sold at 10 and it goes to 12, you never know which one we are in right now until we actually see it happening. That is why people keep saying hold your currency unless you really need to cash out, if there is something like medical or something bill then yeah sure but if that doesn't happen then you really need to hold it because long term holding is the only guaranteed method of making money.
Maybe you sold at 12 to buy again at 10 but maybe you sold at 10 and it goes to 12, you never know which one we are in right now until we actually see it happening. That is why people keep saying hold your currency unless you really need to cash out, if there is something like medical or something bill then yeah sure but if that doesn't happen then you really need to hold it because long term holding is the only guaranteed method of making money.
That's exactly how the market operates, and that is why is very hard to timing the market, you might be "catching a falling knife" here. So you could hold and if you think that time that the current price is good for you to liquidate and make a profit, then push the sell button. I don't have anything about long term holders, I myself have been holding my Bitcoin for years, but I try to be active in trading if I see some momentum and swings to get a decent profit. That's one thing that makes this market very attractive and that's why we always see new traders being born every day.
Selling and rebuying lower is a very risky move, you don't know when it will go up and you don't know when it will go down so its as risky as holding as well.
Maybe you sold at 12 to buy again at 10 but maybe you sold at 10 and it goes to 12, you never know which one we are in right now until we actually see it happening. That is why people keep saying hold your currency unless you really need to cash out, if there is something like medical or something bill then yeah sure but if that doesn't happen then you really need to hold it because long term holding is the only guaranteed method of making money.
Bitcoin is pegged at dollar right now mostly and we calculate the price on dollars all around the world but dollar loses its value every year, 100 dollars is never 100 dollars, what you can buy with it changes every single year and difference is bigger if you look at decades, so bitcoin holding for long term will eventually profit you in the end.
Maybe you sold at 12 to buy again at 10 but maybe you sold at 10 and it goes to 12, you never know which one we are in right now until we actually see it happening. That is why people keep saying hold your currency unless you really need to cash out, if there is something like medical or something bill then yeah sure but if that doesn't happen then you really need to hold it because long term holding is the only guaranteed method of making money.
Bitcoin is pegged at dollar right now mostly and we calculate the price on dollars all around the world but dollar loses its value every year, 100 dollars is never 100 dollars, what you can buy with it changes every single year and difference is bigger if you look at decades, so bitcoin holding for long term will eventually profit you in the end.
True. If one thing is near certain it is the multi year bull market.
So if you are willing to wait 5 years any time is a good time to buy.
So if you are willing to wait 5 years any time is a good time to buy.
I could wait for that long because I'm a real believer and I don't expect the past will be repeated easily although I hope it could happen any time this year.
We are left with no option now but to hold, Bitcoin is declining is not much of a problem to me as so far this year it's still up, hence that means it's starting its recovery. What makes me worry this year is the altcoins, I know some of us here invested in altcoins also, and they had not started to rise yet.
Once Bitcoin goes parabolic and people are going all FOMO, then bitcoin will be sold out at a lot of places.
Altcoins will then be interesting and climb.
In these situations, I think if we can make a profit, it is better to sell some bitcoin we have so we can buy back again when the price is down. This situation will be up and down again, and that is the reason why I say to sell some bitcoin because we never know when the price can increase or decrease. By buying and selling, I think we can survive in any conditions so we can have more bitcoin, more fiat to wait for the increasing of the price.
If you are comfortable playing with the market and you are willing to take the risk this situation can help you building your portfolio and allow you to generate decent profits, but if you're not ready and your knowledge is not enough better to keep your coins and forget for a while since there's also big chance to make a mistake, panic selling and losing your investment always possible to happen. 
True. If one thing is near certain it is the multi year bull market.
So if you are willing to wait 5 years any time is a good time to buy.
So if you are willing to wait 5 years any time is a good time to buy.
I could wait for that long because I'm a real believer and I don't expect the past will be repeated easily although I hope it could happen any time this year.
We are left with no option now but to hold, Bitcoin is declining is not much of a problem to me as so far this year it's still up, hence that means it's starting its recovery. What makes me worry this year is the altcoins, I know some of us here invested in altcoins also, and they had not started to rise yet.
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In these situations, I think if we can make a profit, it is better to sell some bitcoin we have so we can buy back again when the price is down. This situation will be up and down again, and that is the reason why I say to sell some bitcoin because we never know when the price can increase or decrease. By buying and selling, I think we can survive in any conditions so we can have more bitcoin, more fiat to wait for the increasing of the price.
After it went down all the way to 4-5 thousand dollar time he asked me how he could get out, I told him not to but he didn't listen and I told him how he can cash out and he did it, now it is back to over 10 thousand dollars, considering the increase of dollar value versus our national currency as well he lost about 50% more than he normally could, let's say he got in with 200 dollars, he sold around 50-60 dollars instead of 120-130 dollars right now. Some people are just too afraid of what could happen if they wait a bit more.
I would understand his fear during the market shake up of 2018, I guess everyone was very nervous and just push the sell button because they think that the price will continue to plummet in 2019. That's why we have a saying here that weak hands are shaken and only the strong survived in this market.And now look at those guys, regretting that they get out with there is heat in the kitchen. And trying to get it today and ride the market. Let them enter the market though, I mean they should have learn their lessons, that you need to have a lot of patience here and of course the risk is there but they should learn how to control or at least mitigate it.
Second hit of support and a higher low this time, still bullish enough I guess
However losing 8 and 30 day moving averages would signal caution I think. So stop loss below 9800 I think I would place for anything speculative.
Also 50 day marks the top prices today.
However losing 8 and 30 day moving averages would signal caution I think. So stop loss below 9800 I think I would place for anything speculative.
Also 50 day marks the top prices today.
Why the fuck is bitcoin declining, any FUD new or any whales dump? Dropped now from $11k to $9k
It give you thinking that you should be selling your Bitcoin now, well I guess if you have bought at 13k USD and now afraid of losing money in with just those minor setbacks. Just be patient, everyone here feels the and you just have to wait.
In crypto all we need is patience and trust because if this two don’t fits you then better leave crypto investing because this is not he right place for you
Anyway I hope OP now is in good mood because we are nearing 11$k again switch $10,700 in price as of this very moment
^^ I did the same thing with my friend who asked about bitcoin at the peak time of December 2017, he asked if he could join and get some bitcoin as well and didn't know how easy it was. I opened an account for him on our local exchange and sent all the KYC stuff right away and he was accepted in an hour while we were talking, then he sent some money via bank transfer and got some bitcoin for himself (just 100-200 dollars to test if I remember correctly).
After it went down all the way to 4-5 thousand dollar time he asked me how he could get out, I told him not to but he didn't listen and I told him how he can cash out and he did it, now it is back to over 10 thousand dollars, considering the increase of dollar value versus our national currency as well he lost about 50% more than he normally could, let's say he got in with 200 dollars, he sold around 50-60 dollars instead of 120-130 dollars right now. Some people are just too afraid of what could happen if they wait a bit more.
They are not just man enough, that is why they are too afraid, real business and investment men, understand the risk in cryptocurrency, so they don’t put money they will not be able to overlook for a long time, some of them do out money that is tied to so many thing thinking that they could easily increase it, since they believe in their heart that it is a money doubling scheme, but they don’t understand the volatility of the market. After it went down all the way to 4-5 thousand dollar time he asked me how he could get out, I told him not to but he didn't listen and I told him how he can cash out and he did it, now it is back to over 10 thousand dollars, considering the increase of dollar value versus our national currency as well he lost about 50% more than he normally could, let's say he got in with 200 dollars, he sold around 50-60 dollars instead of 120-130 dollars right now. Some people are just too afraid of what could happen if they wait a bit more.
If only they can understand that even if the price decline today because of volatility, no matter how long it takes, the price will be back up again. They must have learnt that lesson by now, and if they are to come back, they will watch the market carefully and understand when to come in so they don’t rush into it again when the price is getting to peak.
Today, we almost reach $11k again after we see the down of the bitcoin price for a while. Bitcoin price still needs time before it could break the higher price and gladly, we see a green candle at many exchanges so it will increase soon. But we need to be careful because the price still hard to break the higher price, and maybe we need more support to lift the price. If you want to buy bitcoin right now, make sure you know how much bitcoin you want to buy, and don't be panic if the price is down for a moment because it will increase higher later.
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