Topic: Bitcoin fall (Read 511 times)

This looks like just the start of a big bull run. I mean $7k was a psychological war for us and we managed to break over it, which means there will be even more people who will see bitcoin as a good investment from now on and that is why there will be more people buying and more price increases.

Of course this may not happen if the sellers starts pressuring again, when you have a lot of buyers and a lot of people wants to see it high, only one thing stops it, people who have bitcoin that normally do not sell under $7k but willing to sell over $7k, those people who sell will be the decisive factor in this time, if they are not big in numbers we will continue to surge, if there are tons of them then we will see bitcoin trying to go up but fail and fall because of it.

Ok looking at the current price, bitcoin has just broken a big mental barrier of $7k. So obviously, we are moving away from the $3k price and we already doubled it by today's price. So I don't see the price falling to that level again. And with the block halving approaching, perhaps we have a chance that investors are going to flock again. I'm not saying that we should invest today, but smart investors are way ahead of the game and know when to enter specially that we are just months away from the block halving.

I think all the times we've been in a rollercoaster-like. This a nature in crypto trend and a lot of factors that would change the market that is why there is nothing to put blames about this. The volatility feature of the market reminds everyone how the risk is we are facing. People who are willing to accept the consequences its either losing or gaining will only survive. Besides, being a risky investment many will still be eager to put themselves at risk coz they are attracted to some people had succeeded in here and become a millionaire. And they are hoping that it works with them in the future.

You said people persist to hodle because they are still yet waiting for the halving ? That only means that no Corona will impact the virus  (hope so) but this theory might be true because btc price didn't fall down beyond the 6k USD mark  . It'll only rise ( I can sense it ) .

we must be really thankful about the halving and thankful because it haven't been done yet but once it done I can't imagine anymore if what will happen , maybe the price will go down more if ever the virus still spreading strong on other countries .

Bitcoin almost fell at the $3,000 level until it bottomed at $4,100 and bounce back to $6,000. But, It's not gonna be the time to get comfortable for the price to continue rising since the pandemic are still spreading and the number of cases are still rising in Europe and America.
The block halving maybe the only thing that's holding Bitcoin's price today, If not because of it, we might have seen a worst figure than the last bottom.

This month of March have been a roller coaster ride for the price of Bitcoin, from a value of $9,000 it goes downhill to $3,500, just when the corona virus started. But, in these present days, we could see a significant rate increase in the price of the coin, and is constantly struggling in a price of $6,000. As the Month of march would be ending, I think, the price of Bitcoin will continue to increase in the next month, with little rise and fall until the halving. The halving event will affect the standing of Bitcoin greatly as its price would surely deplete causing a massive demand + impending demand due to the quarantine.

There was an economic slow down before and now the Virus which forced majority of the countries to lock down everything which will have a major impact on the economy and we are slipping on to another recession which might be devastating that the last one we had and hence anything is possible, but the market will recover when everything is settled and plan for holding for a long time as the uncertainty continues for the next few months.

It's the market reaction since almost all of the altcoins rely on the bitcoins value that's why we see some price breakdown as of these moments but whenever the figures come up for sure we can get a great recovery since many people still think that halving is a good relevant reason to believe,  let's really hope that we can best this virus soon so we can enjoy back again on what we are doing before.

Continued revision and weakness below 10k I think is quite likely.   It has received a large bounce but also now some selling that will likely continue over the course of this year.   Even before the virus I would have guessed the whole of 2020 would be less impressive then 2019.



Short term we have weakness, rough view would be we topped out in a range high and now will find a price lower.  Range bottom possible could be as low as 4500 but I'm not sure till we get more into Monday.
   Monday morning I think look about 5848 for an area to slow down or steady the sell, see if it can confirm form some base to regain some of the loss from above 6500.

We just have to agree that we got stuck on this 6k price and that is fine, that is actually quite good. Do you know why it is good that we are at around these prices? Because, everything else dropped while bitcoin actually recovered pretty nicely and that is what we are looking for in deals like this. Bitcoin dropped all the way to 3.5k as far as I can see and we could have still be around those levels, we could have still be around 4k-5k levels, but we are not, we are literally above 6k in a way that even when it drops it drops to 6k and not from 6k which is what we need right now.

If we could get a push from here and move to a little bit of a higher place we could actually be back at where we started before all of this started AND manage that while we are in a recession so it would show the world that bitcoin is recession resistant.

Honestly, it keeps on going higher and then going lower, just do not panic when it does whatever it does, it is something usual by now and you should be customized to it already. Not like this is the first time bitcoin is going through some sort of up and down, it does this all the god damn time, sure we would love a steadier higher ups and less downs but at least we got that ups to be thankful about during the falls.

We peaked at around 6.8k levels or so just yesterday in some exchanges, averaged around 6.6k or so, now it is 6.2k so basically it is doing whatever it wants every single day, tomorrow we can see it at 5.8k or 6.8k and they both equally would be no shock, that is how bitcoin works, a 1 thousand dollar difference and nobody feels shocked about it.

If you're going to look on the market right now the current price of bitcoin is range about 6,100$ to 6,200$ and I notice that it becomes more stable on that price unlike in the last couple of days, which it goes down below 5,000$. Not only bitcoin fall but also other cryptocurrencies as well. Bitcoin nearly falls on the price of 3,000$ but it somehow recovers and goes up again to 6,000$. We are already in the year 2020, and I guess the last fall of bitcoin on previous days will be the lowest price/bottom this year and it just my own opinion, but who knows it can still fall at 2,000$ or below. About the halving, it already discusses here a couple of times and I always see them after the halving it will bring more income to us because the price of bitcoin has a chance to go up just like what they say on the last halving.

I'm also hoping for the better outcome of halving like it will go up to the moon but right we should defeat this virus.

Many of us did not expect bitcoin to fall because of covid19 but that is what has happened and that did not mean bitcoin is weak but people sell off because of fear and panic. I believe that we cannot only regret when the market started recovering again and we make money from holding. I am also seeing many countries trying to study it this days than before.

As halving approaches bitcoin seems to be on the right state. The fall made a lot of people worry about what will be the price for bitcoin before and after the halving. Don't add much pressure to yourselves and let bitcoin work on its own.

While us, we can support and monitor it from time to time and determine your position. Decide whether you'll hold or sell if you're very much worried so that there's no more pressure that you have to think of. But for us, we'll hold.

Did you looked for first about your concern before you made a thread? This kind of thread is already much, you just need to scroll down and find one by one and read them.

I'm still confident that this decreasing price of bitcoin and altcoin are because corona virus factor. I see in my country almost 200 people have been infected and that the worst thing. The people will be panic and sell everything that they want to meet their daily life just in home. But I didn't see the price will goes below $3500, bitcoin price will touch maybe $4500 as its lower price.

The point of moving away from each other as the potential that each and everyone can be a possible carrier of this virus not because you are healthy means that you are not going to be infected, better to stay inside your home and work with your knowledge in regards to how to anticipate the next market movements. While Corona still dominating its a good time to learn where to place your investment.

Big correction on this statement.We can only stop this spread if we do nothing.

This means if we practice self-isolation then there is no way for this corona to spread from one to another meanwhile the affected patients can be cured with the medicines we have that is wh everyone saying social distancing is important now.

well, if you have predicted that BTC will fall more, then why are you still holding your coins? maybe the best decision for you to take it off. and then buy at the low price that you specify.
and if your prediction is correct, I'm sure you will get multiple benefits/profit

Where do you get this stuff from? lol

Don't know but even with this kind of sudden dip all we saw was a momentary touch below 6100. And the it's slowly been coming up since. Which tells me the selling off can't be hitting much more traction for a while. Again, all meaningless movement in my mind on the big picture but I'm still not buying the theory of institutional investors and their behaviour with bitcoin, especially since they're mostly in derivatives anyway.

Everything is possible due to the prevailing uncertainty in all economic sectors, but I am convinced that when everyone starts pessimistic and low levels of BTC, these limits are the beginning of a start to bumping levels.
So if you want to invest, this is the best opportunity to buy more and then either to make huge profits or wait for several years and we will return to those levels.

Do not forget that we have not experienced levels below $ 2,000 since we broke this barrier so it is considered solid ground.

It is quite difficult to expect such a thing knowing that we are still the catastrophe and we know how the people behave in response to the global market change. The bullish market that we usually think and everyone thinks about will it something to put in question and have to fail again. Believing that we are still in moving ahead for recovery and also we can't expect that Bitcoin price will turn back fast just like hype or magic anyway.

I'm reading a Cointelegraph article now and most of the crypto trading experts are extremely bearish.They are predicting a $3000 price bottom for Bitcoin and a bloodbath in the altcoin market.The recent price recovery from 5K USD to 6,6K USD is a bull trap and the price will continue with the downfall.
The halving doesn't matter.If there wasn't a global recession,the halving might have pumped the BTC price a little bit(because of the hype),but now,I don't see such price pump coming.

Well, as I'm writing BTC is going down, around 6150, has been going up several days in a row, is not surprising
But, I want to talk about the alleged impact of stock market crashes in BTC value, bitcoin's correlation with stock markets works as a marginal value correlation
It means, because BTC is among the first assets institutional investors -the REALLY BIG whales- sell in a dip, and is also among the first ones the private investor -the ''normal'' whales and the crypto aware everyman- grab once the inflation ghost appears, the first crash of a hypothetical series will be very bad to BTC -the hedge funds and banks will sell their big holds- the second crash will be just bad, the third somewhat badish and the next ones will be good as the big investors who see it as a lesser asset will be spent and others scared of our hypothetical series of crashes will take it as something capable of ''be money, but out of government and banks reach'', its original reason to be

Unfortunately, until now we don't have that vaccine and many say that this will takes a year before it becomes available in the market. How was sad to hear that and I feel a conspiracy around. We all gonna die if we just relax and never do anything to stop the spread and it surely affects the economic system particularly in the areas where really in hit just like Italy. And think about panic selling, it truly will come, in fact, it started already and expect that the market will dump.

Good thing that we are able to keep not to fall badly to below $4k. And believing that it never meant to be worse than having a bearish season as we start last year.

What do you mean normal? I think the current crash is not normal, -50% or more in a day? it was really affected by the corona virus news. However, after that unexpected crash, bitcoin has gathered, move from its lowest, $3800 and now steadily around $6500. Yes, there is the potential that it could slid, but bitcoin is so resilient that I believed it can bounce back.

I think that the lockdown will have the biggest impact on the global economy - not the coronavirus alone. Shutting down the economy of world powers will have lagging effects and it might show on Bitcoin. But there's no way to tell exactly, I hope it doesn't fall, but my hopes might not be enough to keep it up.

The decline of btc price is just normal, but yes, this past week it is owed to the coronavirus pandemic because many people are panicking and selling their portfolio. But btc will move up and down, and we have seen that countless of times, yet, bitcoin is still here and surviving and trying to go back again. I guess, by now, we should not be surprised by this movement. Just be prepared on what to do with your portfolio.

I won't get too comfortable that Bitcoin might not gonna experience another hard fall below as low as $3,000 until we get good improvements in containing corona virus. I have heard some countries developing the anti-bodies that could eliminate the virus from the host. Well, I guess China already have it since before the virus outbreak, and now China is on their way to play hero and save the whole planet. Let's just hope they'll be successful with it, and I might say Bitcoin will not going to go down below again this time.

Bitcoin has already gained it's pace and moving towards the right direction which indicates that it will not go back to $3k anytime sooner as it's already on it's path to recovery and I hope it will cross $6k mark soon if the uptrend continues without any surprise dump but msot of the countries are currently under stage 3 of corona virus and outcome might have a strong effect on value of Bitcoin.

Bitcoin is going strong $6645 at the moment.

Don't have doubt on bitcoin's future or you will be missing a lifetime opportunity to invest big and reap hugely.

Hantavirus is not new, its just old and it is not going to spread like corona 19.

The USA tested a vaccine successfully and waiting for approval.

It is possible. I believe the worse is yet to come.

If the cure gets delayed for a while longer, it will be devastating. Not only to bitcoin but to everything else. Including your daily life. In a situation like I described you can't really make an educated guess about bitcoin. It very well may go to zero.

If an effective cure makes appearance soon though, it will only save bitcoin from going to zero. A new ATH may still happen but it might take longer than we originally hoped for.

The damage is already very big. There will be lots of pain and this pain can't be cured by printing more money.

I think this price drop is a little bit related, but there are some welds that make bitcoin fall, not only in terms of CV but in fact the price cycle of bitcoin always falls every year.
so we'll see about that

BTC took a massive hit as the crypto currency market struggling due to corona virus epidemic. Bitcoin failure to gain bullish momentum, BTCs dominance rate has reached a significant resistance level. The thing is it is trading under a bearish trend which makes a break down in the price, Even the stock market is not coping well as COVID-19 scare. It might take couple of days for crypto forum to see a solid spike.

That is why it ain't falling too much and I don't think we will be seeing $3k again.

The halving event is what might be preventing it.
People are still optimistic about what will happen and it could take the bitcoin price up again.
This amount might be the buy point.
I would not want to regret it later. Winter already came and this might go way upwards than what we are just expecting.

if you are going to exaggerate then do it in a way that is at least a little believable

even more irrelevant than coronavirus.

bitcoin has never followed anything and it is not about to start now.

hodler cult is just as stupid as your cult: the crash cult.

Whoa! Talk about all the hate in the world, and you are seemingly giving FUD on the market and about the given problems with the Pandemic, yes I really think the fall down have some effect on the said COVID issue but there is also a correction lurking on the corner, not all is because of the pandemic problem and right now I think that the price is doing great at the moment sitting from $6600 USD mark I think Bitcoin is still doing a good job,

And regarding another virus that may become Pandemic, I think we need to relax and take the research about it first and making a false assumption, here is an ARTICLE about it

Another thing about the Holders well you are right that sometimes we need to be in the smart side of things regarding the movement and sway of Bitcoin and that is a good thing to do in my opinion but I believe in both principle yes be a holder this will provide bitcoin with the floor it needs when some pandemic cases like this happen again and are in the side of a smart holder as well that means keeping a big chunk to hold and a small chunk to move when the sway happen.

Honestly, I don't really know what would happen after this lockdown due to corona virus. I wonder if things would back to normal just like before or there might be a little change. With all of this happening most businesses would start to feel the weight of the effect of this lockdown and guess what? The economy will start to fall slowly so with that said Bitcoin is not an exemption with this pandemic crisis that we had experienced. I don't know if the strong support of $6,000 is still a manipulation or not since almost everything is too odd to add up.

Nobody cares about hantaviruses. Not the basis for a pandemic.

There has been no financial crisis. Fiat currencies are doing fine. Banking liquidity has not collapsed. The prices of stocks, real estate, commodities have crashed because of an unprecedented economic contraction. Big difference.

This crash looks exactly like 1987. If that model holds, the bottom is already in.


Prove it:

Now that's an answer that i can agree with. Safe heaven indeed especially in these crucial moments where everything is falling hard. Even those who bought recently at $5k can make an easy profit of $1500/BTC!
We will witness a change near the halving but it may not be positive in the short term, better to keep holding and wait imo

Well, I also heard this virus coming and at the same place came from China. On my own, --no one can predict the market price and I believed that because as I have observed the BTC price was shown improvement of the price even though we are still solving this global crisis due to pandemic coronavirus. Indeed, there is a chance that we will back to bullish trend if there is a strong resistance.

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This topic that created of OP was already discussed so many times here, perhaps you need to read first before creating a thread like this.
As I can say, just let the time will reveal the market situation and we will see to it.

We don't have control over pump and dump, however bitcoin is once again proving it's worth as an asset when compared with stock markets and other stuffs. Despite being huge dips crypto currency is still a safe haven for me, BTC halving hopefully will be a big turn around after this collapse the price will surely change.

I believe it will fall to $700-800 at the end of the year.
There will be three or four more crashes in stock exchanges, each with a new virus being released. I read the next one is called "hantavirus".
Bitcoin will follow it, as it was proven to be worthless as a hedge against fiat financial crisis.

The halving might change this outcome, though, but we will not see the effect immediately.
One thing that might help is the exchanges reaching a consensus about putting circuit breakers on their books. These controls exists in the stock markets, and although they wont avoid the crash, it makes the impact less painful.

In the recent crash, bitcoin was poised to go to zero. It didnt happen because of a hardware failure in Bitmex servers. This level of vulnerability to derivatives dont happens with other assets. Exchanges should change their algos to provide some measure of security to its traders.

As for the retarded hodler cult, I would not listen to anything they say. In fact, I've put most of their members into the ignore list. They do make holders looks like retards. In fact, holding for a 500-year long bear market is a retarded thing, so do your research and sell a small part of your stash, if you feel this crisis might last more than you planned to hold bitcoin (usually five years for most people). Just dont go all-in in both directions, as banks are also vulnerable to this crisis and we dont know what governments are up to. Right now entire regions around the world have become prisons because a dozen people died from pneumonia.

It is up 2800$ from its 3800$ low despite the corona virus. Looks fine to me.

What does you guys thinking about the bitcoin fall because of the CORONA Viruses catastrophe? Will bitcoin fall to $3000 in this year of 2020? And what's about the halving?.