Bitcoin is falling down. Is it the end for it? - page 5.

UserU

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Quote from: Oasisman on April 18, 2021, 04:55:38 PM

Of course this ain't the end yet. Whatever goes up, must go down. So, this is just another sharp correction or It could lead into a bear market. Nobody knows, but sure this isn't the end for Bitcoin.
We have seen Bitcoin growth almost 4 times since early in the 4th quarter in 2020. That has been a long 5 months of rally with such a huge increase.
$50,000 is a strong support. If Bitcoin won't go below that level, we aren't going to enter the bear market yet.

Some said the bear market might surface in May or a few months time.

But meh, I've my funds ready to buy the dip. Not gonna have those paper hands after seeing those success stories.

hulla

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Quote from: IndianCryptoStreetbets on April 18, 2021, 02:12:38 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.

Bitcoin reach $63K price before the dump and the dump in price of the Bitcoin market does not stop Bitcoin from be an unstoppable crypto if you understand the volatility aspect of the crypto currency market. But, I read that the arbitrage trader switching to gold was the reason for the last bloody market we experienced

Quote from: IndianCryptoStreetbets on April 18, 2021, 02:12:38 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.

No one can tell if this is the end of the Bitcoin market rally but the crypto market still follow the previous rally market trend it will be December before we see the end of the market rally.

arabspaceship123

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It's clear Bitcoin and cryptocurrency history is full of fluctuations, they're intricately linked. Bitcoin and other cryptocurrency isn't going to end just because their value appreciates and depreciates.

Quote from: IndianCryptoStreetbets on April 18, 2021, 02:12:38 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.

Kittygalore

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Quote from: newwest on April 19, 2021, 04:49:03 AM

Bitcoin always had a roller coaster ride and due to its volatility it is inevitable that some downfall will always happen in future as well. Only thing those fear in fall end up selling and those who see it as a opportunity buy and when it rises they make money from it. Their is no end of it as else it would no have lasted for more than a decade.

Agree, the fear is what makes some of the predictions about the market prices materialize into a real thing, I would say that if you have just bought your bitcoin and you are not satisfied with the profit when you sell and you are scared that you going to lose, I would probably advice you to hodl on it for longer time because this price drop is just a minor setback.

newwest

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Bitcoin always had a roller coaster ride and due to its volatility it is inevitable that some downfall will always happen in future as well. Only thing those fear in fall end up selling and those who see it as a opportunity buy and when it rises they make money from it. Their is no end of it as else it would no have lasted for more than a decade.

Naughty Princess

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Quote from: DarkDays on April 18, 2021, 02:16:27 PM

Quote from: IndianCryptoStreetbets on April 18, 2021, 02:12:38 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.

Think about it. Has BTC done this before - YES. Has there been a strong recovery -YES.

With such a strong rally of reaching a new ATH, seeing a small drop is only natural.

The growth is still on the way, and for those who believe in BTC would think this is a good opportunity to jump in and buy.

The point is that what we see today is normal and it's likely a sign of a strong rally.

I agree. It is not all the time hike, sometimes the price dump which an opportunity to other to invest and buy to join in the trend. There is always price fluctuation specially when the volume of the coin in the market has large changes. Bitcoin will pump and dump the reason you have to be a good player and make predictions to gain from that situation.

iTradeChips

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Quote from: IndianCryptoStreetbets on April 18, 2021, 02:12:38 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.

Chill, bro. That is what I will say to those who panic. Long time investors and traders should already have known that these small corrections should not be a cause of concern. If Bitcoin was able to reach very high prices, then we expect that this will continue for the rest of the year and is a correction happened, surely another all time high will happen again in a matter of a few years. We have seen this before and we should be patient. Unless you are impatient then go ahead, sell.

cydrix

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Quote from: IndianCryptoStreetbets on April 18, 2021, 02:12:38 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.

One thing I can say about that there is too much uncertain events on the market right now so that drop wave might come sooner that expected. It's normal for BITCOIN to drop every year it's like a routine of bitcoin or some may say normal drop and every time it drops too low then it slowly but surely rise from it's slumber and make a comeback every now and then.

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Quote from: IndianCryptoStreetbets on April 18, 2021, 02:12:38 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.

This is often to ask when there is a price correction. I understand that new investors usually ask this but for the fact that it happens several times, this dump seems to be normal in the market and we have nothing to worry about as Bitcoin price will recover after. What you gonna do is to have faith in Bitcoin and if you want to succeed and gain more, trust must be endured. That is how people survive in here and that they are willing to hold rather than panicking seeing those reds.

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It's not the end for BTC, the price will drop but not for long or too deep, many are waiting for it for the price to decreased so they can buy back, many may spread speculation and try to create news to discouraged others to buy or to make other sell. I'll be monitoring it throughly today to know where point I can atleast buy some, I don't think bear market will be happening from these drop.

Oasisman

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Of course this ain't the end yet. Whatever goes up, must go down. So, this is just another sharp correction or It could lead into a bear market. Nobody knows, but sure this isn't the end for Bitcoin.
We have seen Bitcoin growth almost 4 times since early in the 4th quarter in 2020. That has been a long 5 months of rally with such a huge increase.
$50,000 is a strong support. If Bitcoin won't go below that level, we aren't going to enter the bear market yet.

BITCOIN4X

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It is impossible to expect bitcoin price to rise without correction. We have seen this cycle occur before and it looks like the market will recover in some time. I don't know if this drop is a sign that the price of bitcoin is going higher than before and we really can't be sure. We hope a hike in price to occur after this, but we have to stay alert for other negative news to come.

Theb

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Well it is a nice wake up call for them that Bitcoin is not intended to go in only one direction. For people who were shocked that Bitcoin has dropped in price this should serve that being over confident about Bitcoin might give them serious losses. As for Bitcoin's rally being over I don't think we can speak about it with any assurances as we haven't really seen Bitcoin testing any major supports lately and its drop from $64,000 to $55,000 is something that is still part of its consolidating levels so we don't know for sure if Bitcoin will go up or down from this price point.

Rana590

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After every big pump, price goes down and it is normal thing. It is not true that price will be growing all the time. It is a small correction I think. I hope within some days, price will be starting to rise again and hit new record.

ReiMomo

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Because there's no unlimited growth of bitcoin price, after a bull trend there should always be a correction on the price. This was already done by bitcoin price so many times, there's a resistance, and there a correction. Expectedly that there's a huge drop because we recently achieved the price ATH and it will I guess refueling again and it back to pump the price possible by next month.

There's nothing to worry about here if you really know how the bitcoin price will move, and this correction now is very normal and it doesn't mean the rally was ended. Just keep holding and never do panic at all time.

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Quote from: seoincorporation on April 18, 2021, 02:35:39 PM

The drop was imminent, it was about time for it to happen. And I wouldn't say this was the true drop, it's possible to see it going down to $30k or more. So, let's keep an eye on it because crazy times could come.

As I always say... What we know it bitcoin will move, up or down, but it will move, what really would be weird is to see it stuck on a price.

Yeah, a 10-15% down move is quite mild, considering it went upwards from about $20k to $60k within a few months. If the news that the US government might be taking action against banks who allowed money laundering via Bitcoin transaction is true, it could be a very volatile time ahead. Especially as there is a tendency to enforce laws globally and they control accessibility to the US Dollar. Depending on the scale of the action, maybe new laws affecting cryptocurrency will be created and financial institutions might start avoiding business with these sort of customers. The only way for institutions to avoid such legal issues is a structure like Paypal, where all Bitcoin is kept within their ecosystem and no external transfers are allowed. This might slightly defeat the purpose of it for some buyers who like the anonymity. It's a good time to take some profits out if you're sitting on a lot of gains from months ago, at least until we see if any of these investigations materialize.

blockman

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I can remember one the same scenario when it has dropped a lot to $40k after reaching $50k and we're just on that the same spot but this time, it's just higher.
I don't think that we're at the end of the rally. This correction might be the another triggering factor for bitcoin to reach the next stop which is $70k.

jahepahit

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this is an unexpected dip due to some certain news that circulated yesterday, the market is gaining back its uptrend momentum and i hope it continues as such. there is no end for bitcoin, we can only see some downtrends and its normal in trading. its better to always prepare for it.

hatshepsut93

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Quote from: IndianCryptoStreetbets on April 18, 2021, 02:12:38 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.

If you think that Bitcoin will go in one smooth line to $300,000, then you are sorely mistaken, bull runs always had corrections, it's a normal process - someone takes profits and the price crashes, but as long as there's more money willing to invest, the price will go up.

At some point there indeed will be a true crash, assuming that this bull run will be the same as the previous ones, but you can't tell that this is it just by one day of data.

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Quote from: IndianCryptoStreetbets on April 18, 2021, 02:12:38 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.

I think the approval of a US ETF will buoy the price again this year.

However, I think FUD over environmental/electricity issues will resume next year when covid dies down, and Bitcoin will crash properly.

That's going to be the time to buy more, and then wait for Bitcoin to sort out the mining carbon emission problems.

Once the energy aspect is sorted out, the sky's the limit.

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