Bitcoin is falling down. Is it the end for it? - page 3.

wiss19

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Quote from: IndianCryptoStreetbets on April 18, 2021, 03:12:38 PM

The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.

Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.

It has just become the normal thing for most of you people to be asking whether it is over whenever there is a decrease in price . How do you expect the market to be at this time, to just stay stable at that rate of $60,000 until it is read to climb back up again!? You all know very well that such thing is not going to happen in the market.

There are going to be times when there will be slight dip in the price, and this is why as a trader or investor you have to always prepare yourself, if you know you’re going to be getting all emotional at times like this, then why not sell when the market was going all the way up to $64000?

goldade

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Quote from: IndianCryptoStreetbets on April 18, 2021, 03:12:38 PM

The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.

Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.

If you had made your research, you'd have known the answer to this question. Situations like this have happened so many times with bitcoin such that it has become almost a trend. If you do well to check the chart of bitcoin in the past years, you'd realised that bitcoin always bounces back.
Trust me, this is not the end of the bitcoin rally. The price of bitcoin will rise again and will most likely hit a new all time high.

mrjoy15

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well, look at the growth of BTC from 2008 to 2021 then you might get understand that market won't continue to grow, there are several push back has happened and in the course of the time BTC came back. Correction is very much needy things for healthy growth. It's always BTC win the game so this is a good time to buy BTC. Buy more and be ready. Thus, You have to be patient.

iTradeChips

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Well, if you are going to think about it, then you blokes will surely know that this is not the end of crypto as we speak. This has happened with Bitcoin so many times, and this will surely bounce back again if you are going to think about it. Now that we know that this is not over, then why not we concentrate in making sure that we won't be making the same FUD mistakes and just make up your mind if you want to sell or wait. That's simply it.

Traderbtcc

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Quote from: IndianCryptoStreetbets on April 18, 2021, 03:12:38 PM

The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.

Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.

No,it's not, bitcoin is still strong IMO, I know about the recent sharp drop in price and I believe its due to the recent news about bitcoin ban somewhere, aside that recently bitcoin pumped and was able to reach a new ATH and AFAIK every single time after reaching a new high the price eventually falls, although this time it was a bit harder than normal, I will just call this a correction in my book cause bitcoin is still gonna pump anytime soon, its just a retracement before a storm.

bryant.coleman

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There is nothing wrong with these small fluctuations. The main driver behind the small correction was the decision by the Türkiye Cumhuriyet Merkez Bankası (Turkish Central Bank) to prohibit payments using Bitcoin for various goods and services. Another trigger was disappointing listing of Coinbase in NASDAQ. A lot of people were expecting valuation in the $100-$150 billion range, and what we got was $60 billion. But then there was some good news as well, from the Chinese central bank.

adzino

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Quote from: IndianCryptoStreetbets on April 18, 2021, 03:12:38 PM

The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.

Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.

Are you new to the crypto market? This has been happening all the time. Just because the price dropped, it doesn't mean that it is the end of bitcoin. Look at the charts and you will see that those drops are quite normal. In fact, now is the perfect opportunity to buy for coins and make the most profit out of it.
The recent drop is due to some events like Turkey putting a ban on crypto currencies. The drop is temporary and everything will be back to normal once the FUD is over.

Kabul

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All the possibility are correct. Bitcoin can either enter the bear run or pause before boosting the price forward. But the question is, do you believe in bitcoin ?

To me, bitcoin is evitable. Because of that fact, whenever the price of bitcoin gets lower, I always have the feelings that there will be individuals, companies or firms willing to handle their money to buy more bitcoin.

cheezcarls

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Quote from: IndianCryptoStreetbets on April 18, 2021, 03:12:38 PM

The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.

Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.

Dude chillax! Bitcoin has “died” many times already, but always come back stronger. This time, we don’t see Bitcoin getting dragged even deeper because of the continuous adoption of major and well-known companies, personalities, financial institutions and so on.

It’s just natural for us to see these dips, you know? Just don’t think that you should always be a winner, because in real crypto life, you will always experience wins and losses. If the dip is coming, think of it as an opportunity to buy or bag even more.

bakasabo

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Quote from: lienfaye on April 20, 2021, 03:17:48 AM

Seriously this scenario is quite common for bitcoin and even on other altcoins so why worry?

True, it is common for Bitcoin to make significant price drops in spring, dragging down all the altcoins.
Previously, these price drops started in the end of winter or very beginning of spring (March used to be a red months in crypto). Now the vectors has moved. The usual summer price recovery I think wont start. I suppose Bitcoin will continue slowly loosing price for next 1-2 months.

lienfaye

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Quote from: IndianCryptoStreetbets on April 18, 2021, 03:12:38 PM

Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.

Its the end for weak investors and those who buy at peak price if they cant bear seeing the price moving downward.

Seriously this scenario is quite common for bitcoin and even on other altcoins so why worry?

Investors who have been here for long period clearly understands that this is part of bitcoin's nature which is highly volatile. Thus dont mind having a correction and hold still.

acener

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Why does everytime that the BTC price drop people thinks that it is the end of it?
If you would look at the previous price chart you would know that price drop is normal it happens regularly it is part of the cycle don't expect that we would always be going up or would always be on bull market.
Expect that the bear market would come to take it's turn and we would wait again for the next bull run.

fauzan123

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Quote from: amihada on April 20, 2021, 12:41:25 AM

It is very reasonable that the price of bitcoin goes up or down. Basically, the price of bitcoin is unstable, so don't panic quickly when the price of bitcoin goes down, the price will definitely go up even more expensive.

While the current retreat is notable, it’s not on that scale. Bitcoin is still 93% higher than it was in January. Volatility is routine for the asset class: The 15% intraday drop on Sunday was only the biggest since February.

The trouble with any sort of price predictions for cryptocurrencies is that there aren’t a lot of fundamental metrics to form the basis of forecasts. Much comes down to best guesses on whether institutional investors will buy in and whether Bitcoin whales will sell. Less than 2% of accounts control 95% of the available supply, according to researcher Flipside Crypto. That means one large holder can have an outsized impact on the still illiquid market.

slaman29

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Quote from: danherbias07 on April 19, 2021, 09:52:14 PM

It's going sharper downwards. Optimistically, it's an opportunity.
A good entry point now and I won't expect it will go way far than that or it could be regret for missing this rare chance.

Even altcoins felt it. Looking at coinmarketcap, almost every altcoin listed on top is red marked. Except for Doge. What?! Grin

Could it really be because of the blackout in China. I can't find any news that will sink the value down except for that.

Yes! Simply incredible. For the first time I saw DOGE listed on the front page of Coindesk, never before in my life have I seen that, and never would I have expected it. Truly a description of how crazy the world is in crypto markets and I think a lot of investors will be puzzled, especially those in the traditional world of stocks and forex. Now you understand why all the media is writing badly about it. No news. Just markets.

isaac_clarke22

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Not really "end of bullrun".
Are you not that used to price correction, OP?
Although I won't based mainly on how the price will move, but almost everytime it happens all the time that Bitcoin corrects before it prepares for another breach.

bits4books

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After every dump people creates incredible amount of threads like this here

nicecrypto

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Quote from: IndianCryptoStreetbets on April 18, 2021, 03:12:38 PM

The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.

Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.

Firstly, Bitcoin did cross that mark.
The sharp drops in Bitcoin price is some thing most investors that have been in the crypto space for some time have witness this and it is expected in the crypto market but I do understand why most other investors would think it is over any time that happens. I dont think that the Bull market is over, I believe this is just another correction as we have talked about in this forum in the past similar case and we will move ahead again.

amihada

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It is very reasonable that the price of bitcoin goes up or down. Basically, the price of bitcoin is unstable, so don't panic quickly when the price of bitcoin goes down, the price will definitely go up even more expensive.

UserU

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Quote from: ALLON2017 on April 19, 2021, 09:54:51 PM

Now The Market has lost some confidence in bitcoin, its currently valued at around 71k in Australia, it could easily be trading back in 50-60k range unless there's another feel good story to pump it up again.

No, it's because Binance was undergoing maintenance on their spot trading platform. Even the P2P was down so some paper hands "panicked". We'll likely see it stabilize after that.

https://twitter.com/binance/status/1383964026556747778

Shasha80

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As long as Bitcoin is still above the price of $ 50k, I believe Bitcoin is still in a bullish trend, because a decline in price is a natural thing that
must happen. Then there is no need to panic seeing the Bitcoin price now at $ 55k, whereas previously it was very convincing going up to
the price of $ 64k. Sometimes Bitcoin needs correction to go up even higher, so it's just HODL of Bitcoin that we have. And just look at the Bitcoin
price will soon recover in the near future.

Topic: Bitcoin is falling down. Is it the end for it? - page 3. (Read 610 times)