Topic: bitcoin fall below $20000 , it's a messy thread. (Read 306 times)
Things that make us optimistic because the price is below $ 20k only happening for about 10 hours, and the volume of transactions occurs almost 2x than usual, and of course this makes the price go up and can return to $ 20k, this further makes our guess that the price will soon skyrocketing again and before that happens we have to buy more.
Messed up because they panic. Recent FUDs are not bitcoin's problem for them to dump at 20k$, even 19k$. Some people intentionally increase their positions, the bears are trying to do that. I think the free market has decided to hold on and is perfectly ready to continue buying cumulatively. I guess bitcoin will be back in the $25k range very soon as soon as this month. We look forward to making good use of such opportunities
hero member
Activity: 2856
Merit: 541
Leading Crypto Sports Betting & Casino Platform
That's good news if bitcoin drops below $20k because we can buy bitcoin at a lower price than before. But many people are panicking to see the price dropping because they are not ready for its arrival. But after briefly touching $19k yesterday, the price bounced back and is now stuck at the $20k it used to be. So we may see a reversal in the next week and we can hope so.
But if it turns out that the reversal does not occur, we must be patient because maybe the price of bitcoin still needs more time to increase again. And if you still want to buy more bitcoins, you can do so while the price hasn't increased.
But if it turns out that the reversal does not occur, we must be patient because maybe the price of bitcoin still needs more time to increase again. And if you still want to buy more bitcoins, you can do so while the price hasn't increased.
https://imgur.com/a/ThcdvWN
when i trade for short term this type of dramatic big red and green candles give me so thrilling experience,(when the trade is going in my way also in opposite and also when i m not in that trade
)
many of you who trade experienced it no? it's also like gambling thrill but here we can control our loses in gambling all our funds are at risk. for fun and entertainment trading is boring because we need to wait for patterns.
what are your thoughts is it good news : bitcoin dropped below $20000 , or bad news
for me it's good news(not news, event) because i can accumulate more on discount .
oh, it became messy thread, no worry(why you will worry) you can reply by quoting lines.
my bad english ignore.
trading only become a boring area when it is not moving towards our side meaning if we are losing or stagnant , but once we are getting our aim and target? surely you will never mention this lol.when i trade for short term this type of dramatic big red and green candles give me so thrilling experience,(when the trade is going in my way also in opposite and also when i m not in that trade
)many of you who trade experienced it no? it's also like gambling thrill but here we can control our loses in gambling all our funds are at risk. for fun and entertainment trading is boring because we need to wait for patterns.
what are your thoughts is it good news : bitcoin dropped below $20000 , or bad news
for me it's good news(not news, event) because i can accumulate more on discount .
oh, it became messy thread, no worry(why you will worry) you can reply by quoting lines.
my bad english ignore.
anyway 20k is not that bad to drop because just now bitcoin again comes back from that fall and staying to 20k once more.
With all the negative news, I am still amazed at how the price has held above the $20,000 level, which means that we may not see the $19,000 levels again, given the speed of the rebound that occurred when the price fell.
This may be one of the few times that we will see topics discussing a price drop below 20,000, but it all depends on what will happen in the coming days.
This may be one of the few times that we will see topics discussing a price drop below 20,000, but it all depends on what will happen in the coming days.
what are your thoughts is it good news : bitcoin dropped below $20000 , or bad news
For people who wanted to get into Bitcoin trading or just to accumulate Bitcoin to hodl, Bitcoin dropping below $20k is a good news for them. Why? Because they can buy Bitcoin at a discounted price. Buying it at a lesser price means profit and isn't that most investors and traders want?
For those who bought at $21k and wanted to cash out on $25k, it is a piece of bad news for them because they need a longer time to execute their plan. They can compromise with less than $1k profit and sell at $24k but it is obvious that they won't be selling at a loss.
- You are right in what you said, then I think the market is falling right now because of the series of fuds about bitcoin and cryptocurrency.
Just like what happened with silvergate, and now it seems to have been followed by other issues still related to cryptocurrency, which is undeniably affecting the crypto market or bitcoin at least in my opinion about this matter.
Bitcoin has recovered to almost $21k after yesterday's correction, based on the recovery daily high so there is potential for the market to recover once the negative news wears off and has no more impact on the crypto market, we expect end of march to be expected to hit back $25k to record a historical move for the month march this year there is no correction high not march last year
When compared to prices in the last month, this March the decline in Bitcoin prices looks bigger because last month the Bitcoin price had reached $ 25K, but now we have all seen the $ 20K price range back in the market and this indicates that this month's correction it's still starting to be bigger than last month so everyone's hope is for a bigger price recovery to happen next month in Bitcoin so Bitcoin can break through the $25K level like in the last month. 
what are your thoughts is it good news : bitcoin dropped below $20000 , or bad news
For people who wanted to get into Bitcoin trading or just to accumulate Bitcoin to hodl, Bitcoin dropping below $20k is a good news for them. Why? Because they can buy Bitcoin at a discounted price. Buying it at a lesser price means profit and isn't that most investors and traders want?
For those who bought at $21k and wanted to cash out on $25k, it is a piece of bad news for them because they need a longer time to execute their plan. They can compromise with less than $1k profit and sell at $24k but it is obvious that they won't be selling at a loss.
And it's back to $20,400-$20,500, fluctuating around this price, so we have a round of more than 2% this weekend and I think that is a good numbers already. Yeah, no need to panic, I mean sooner or later we will have to bounce back again.
So let's just be positive that we will continue to have a recovery phase at the start of the week.
Maybe the news on the Biden taxing crypto miners has subsided already and investors are willing to buy again.
Bitcoin has recovered to almost $21k after yesterday's correction, based on the recovery daily high so there is potential for the market to recover once the negative news wears off and has no more impact on the crypto market, we expect end of march to be expected to hit back $25k to record a historical move for the month march this year there is no correction high not march last yearSo let's just be positive that we will continue to have a recovery phase at the start of the week.
Maybe the news on the Biden taxing crypto miners has subsided already and investors are willing to buy again.
encounter on this market. Whether it would be going up or down then you should have known on what would be the preparation or plans on whatever things ahead.
People do usually easily freaked out when they do see a long red candle.
And it's back to $20,400-$20,500, fluctuating around this price, so we have a round of more than 2% this weekend and I think that is a good numbers already. Yeah, no need to panic, I mean sooner or later we will have to bounce back again.
So let's just be positive that we will continue to have a recovery phase at the start of the week.
Maybe the news on the Biden taxing crypto miners has subsided already and investors are willing to buy again.
Bitcoin has recovered to almost $21k after yesterday's correction, based on the recovery daily high so there is potential for the market to recover once the negative news wears off and has no more impact on the crypto market, we expect end of march to be expected to hit back $25k to record a historical move for the month march this year there is no correction high not march last year So let's just be positive that we will continue to have a recovery phase at the start of the week.
Maybe the news on the Biden taxing crypto miners has subsided already and investors are willing to buy again.
About 17 hours ago the price was around $19800 and now it's back to $20240, of course this is a good sign that investors are waiting to buy cheap, it can be seen that if the price drops then the transaction volume increases almost 150% from the previous day, there is always a chance to see the price rising again and doesn't make me panic when the price falls.
And it's back to $20,400-$20,500, fluctuating around this price, so we have a round of more than 2% this weekend and I think that is a good numbers already. Yeah, no need to panic, I mean sooner or later we will have to bounce back again.
So let's just be positive that we will continue to have a recovery phase at the start of the week.
Maybe the news on the Biden taxing crypto miners has subsided already and investors are willing to buy again.
About 17 hours ago the price was around $19800 and now it's back to $20240, of course this is a good sign that investors are waiting to buy cheap, it can be seen that if the price drops then the transaction volume increases almost 150% from the previous day, there is always a chance to see the price rising again and doesn't make me panic when the price falls.
Recessionary conditions that are getting stronger and stronger are making a real impact even for bitcoin right now.
$20K which is likely to be even more I think in this case becomes a few news options because there will be those who say this is bad news and those who say this is good news.
I think with this condition we have to wait further for bitcoin to return to the starting position and of course it is time for us to be ready to buy now
$20K which is likely to be even more I think in this case becomes a few news options because there will be those who say this is bad news and those who say this is good news.
I think with this condition we have to wait further for bitcoin to return to the starting position and of course it is time for us to be ready to buy now
Let's see though if we are going to see another bottom or now, although there's still that chance since it's too early for this year and technically we are in a bear market still in the middle of it.
Nevertheless, the price going down from $24k-$19k might be a good thing because we can still buy it during this dip.
Cautions though for those who are waiting for the bottom, I think it's better to do DCA than waiting for that last chance to happen before the bull run.
Nevertheless, the price going down from $24k-$19k might be a good thing because we can still buy it during this dip.
Cautions though for those who are waiting for the bottom, I think it's better to do DCA than waiting for that last chance to happen before the bull run.
The support level has been broke, and its time now for a down trend which I think a chance to go lower than $19k if worst will continue to happen. This is predicted already the moment we miss the chance for a breakout, well this is how the market works and its up to you on how you will react on this kind of trend. Its a good time now to accumulate, but for now better to wait for the real bottom instead of catching the fallen price.
Every time the price of bitcoin drops sharply people are divided into two categories: those who regret not selling and those who will buy at a discount. And as practice shows everything will be restored but the most patient will be in profit.
I’ve been saying this will be the last dip to buy, but I’ll admit I’m a little concerned about the state of global investments right now. It looks like if we are due for a massive recession, it has begun. Now is the scary part where we wait for the government to realize we’ve overcorrected and they’ll need to apply stimulus to save people. So it’s all eyes on policymakers which with Biden in office trying to double people’s taxes overnight is a scary situation.
I think recession is not that bad for bitcoin at all, in fact that could be a reason why it could go up. Now you may ask why would recession make it go up, well in most cases recession means that big companies, or in general lets say "the ones with money" will not invest back into their business, amazon won't open another warehouse, tesla won't open another factory, and so forth, and in that case it means that we are going to see them invest differently, could be keeping their cash, or invest into banks, or whatever else, and bitcoin is one of those things, it's an asset to hold and I think since they can't make money from other things, they may put some of it on bitcoin. Well, at least hopefully. 
no
whats happening is all markets correlate with "end of tax year"
the tax effect of that end of year caused all markets to start with a fresh start entering into january
europe africa south america. middle east, asia all have tax tears ending at the end of december
so thats billions of people shuffling funds to end the year at the right valuations for tax purposes
This makes no sense. If the end of tax year is in December then why would anybody sell their coins today (in March)? Besides google tells me that different countries using different months for start and end of their tax year. US uses Jan to Dec while UK uses April (5 to 6) and so on.whats happening is all markets correlate with "end of tax year"
the tax effect of that end of year caused all markets to start with a fresh start entering into january
europe africa south america. middle east, asia all have tax tears ending at the end of december
so thats billions of people shuffling funds to end the year at the right valuations for tax purposes
middle east, asia
The correct term is West and East Asia. 
In my opinion, the reason bitcoin is not in a very good position is because of the western countries. If Bitcoin price is in a pumping position one week, the very next week, its horizon moves to a dumping position. Especially the Western countries are holding Bitcoin. But I think it should be put on hold for now.
I thought that if it's not always about good or bad position. Your analyzation didn't matter when it comes to the bad fundamental that faces by bitcoin.I think that the recent dump happened bitcoin has been triggered due to the latest news that came from US.
US Government law enforcement transferred 49,000 Bitcoin seized from the Silk Road crime proceeds to Coinbase.
Blockchain security firm PeckShield identified that the Bitcoin was seized by the US government in November 2021 and March 2022.
Blockchain security firm PeckShield identified that the Bitcoin was seized by the US government in November 2021 and March 2022.
The bitcoin price will be continuously dumped. It's not all of bitcoin seized from silk road already dumped. The remaining bitcoins are still storing in the wallet that is owned by US government law enforcement. I expect you will be seeing another massive dump to come.
The news related to the mtgox payment is also following it. If the creditors will choose to be paid with bitcoin and i expect the dump gonna be for long term.
In my opinion, the reason bitcoin is not in a very good position is because of the western countries. If Bitcoin price is in a pumping position one week, the very next week, its horizon moves to a dumping position. Especially the Western countries are holding Bitcoin. But I think it should be put on hold for now.
Why do you think that it should be postponed for now? Do you have a strong and clear reason for the need to delay the pump on Bitcoin?Because I don't think that the decline in the price of Bitcoin was caused by western countries holding Bitcoin, because those holding Bitcoin are people who understand Bitcoin and the Bitcoin market, not on the part of the state.
So you also don't have to accuse western countries in this matter because Bitcoin is owned and held by every individual even though currently there are also a small number of countries that hold Bitcoin, but I don't think it is in western countries.
Jump to: