Topic: Bitcoin & Its Momentum (Read 1398 times)
At first the momentum was like a major trigger for the bullish market but with an incident that happened to make everything seem to be destroyed quickly because of the coronavirus outbreak. But at least the crypto market can still recover as it is now where the price of bitcoin is able to return in the range of $6k and I think it still looks good compared to other stock markets.
Bitcoin is quite volatile on the market, so it can change direction at any time, but I think Bitcoin should grow now, because in just a couple of months Bitcoin will be halving.
the up and down movements bitcoin are unpredictable and very fast.
But we should already had a game plan for that, when we are investing, we need to carefully plan and determine all the possibilities of market movement.
This kind of big dump did not just happen now, it happen a lot of times in the past, so I think if educate ourselves and learn from our experience if we have, we should already know what to do at the current situation.
Whatever plan you have, you are at a disadvantage relative to those who control the market. You can never beat them, the most that can be done is to understand their actions and try to play along with it - that is, play against the rest of the market. But since many traders use this strategy, it is also disadvantageous for most players
the up and down movements bitcoin are unpredictable and very fast.
But we should already had a game plan for that, when we are investing, we need to carefully plan and determine all the possibilities of market movement.
This kind of big dump did not just happen now, it happen a lot of times in the past, so I think if educate ourselves and learn from our experience if we have, we should already know what to do at the current situation.
Seriously for the first time in history of mankind, being liquid is more beneficial than being invested to anything. Normally prices of everything goes up since inflation and economical troubles causes people to want to get more money but since there can't be more money that causes inflation as well, however right now everything is down from stocks to crypto which results with basically only thing that didn't lost its value as dollar.
I don't know how to react to that, I mean normally when all others fall, at least gold goes up, like gold NEVER goes down during these type of things, yet today we have it down. I am not entirely sure what to expect anymore really. I am thinking about seriously getting something a lot more steady and passive in the investment department to not have these headaches.
I don't know how to react to that, I mean normally when all others fall, at least gold goes up, like gold NEVER goes down during these type of things, yet today we have it down. I am not entirely sure what to expect anymore really. I am thinking about seriously getting something a lot more steady and passive in the investment department to not have these headaches.
the up and down movements bitcoin are unpredictable and very fast.
But we should already had a game plan for that, when we are investing, we need to carefully plan and determine all the possibilities of market movement.
This kind of big dump did not just happen now, it happen a lot of times in the past, so I think if educate ourselves and learn from our experience if we have, we should already know what to do at the current situation.
Some people argue and dare to make the decision to buy BTC, but not a few who exchange with fiat currency and save it in the bank because of being consumed by the issue and afraid of the many negative news stories and I myself prefer to be silent while watching the movement.
a situation like the current is wiser to think and analyze well, that every policy that will be taken can certainly be analyzed properly. I agree with you that it is better to look at the situation first and not take actions such as exchanging for fiat and others, because it could happen precisely the loss that will be received. the up and down movements bitcoin are unpredictable and very fast.
Some people argue and dare to make the decision to buy BTC, but not a few who exchange with fiat currency and save it in the bank because of being consumed by the issue and afraid of the many negative news stories and I myself prefer to be silent while watching the movement.
Bitcoin fell almost 100% in one day, hopefully Bitcoin will be strong enough to recover so quickly and return to a price close to $10k.
Lol, are you trolling or didn't see the market? The price didn't fell to almost 100% but 50%, if it fell by 100% then its going close to 0. The lowest price I have seen is around $3900 only.I'm sure you need to check the price first, before putting any comments because it seems that you are really off by a mile here. I don't know if you wanted to create fud or you are just too ignorant to see what is really going on in the last couple of days. If you are not sure, then check the price first.
Bitcoin fell almost 100% in one day, hopefully Bitcoin will be strong enough to recover so quickly and return to a price close to $10k.
Seriuosly? Where is the proof? I think bitcoin has fallen for 50% at the current situation. If you think that bitcoin was fallen around 100% then the value will be touch $1 correct me if I'm wrong. In this situation the investor there will choose their money into the safe place like stable coin or gold. Because they don't want to take more risk because the sentiment is still bad to entry. But they should be aware and keep their eyes, if they late to come again then they will be regreted. Bitcoin price will up to $9000 again but indeed we need more time, I hope that halving event will help bitcoin price increase again.
When you zoom out of bitcoin long enough you see that momentum is almost always towards higher, it is a ups and downs game in the short term but it is always going higher in the long term as well. So, it is of course a shame that bitcoin is down right now and I would always prefer bitcoin going up consistently without ever going down, however that doesn't change the fact that bitcoin should do whatever it needs to clear out the doubters.
For example when we go up too much, I actually like it when we go down afterwards because it means we reached to a point where people who do not believe we can go higher so they sell their coins, that causes us to go down but at least we are now free of those people and can go higher a lot faster. Or maybe we will fail and they are right but I will take my chances.
For example when we go up too much, I actually like it when we go down afterwards because it means we reached to a point where people who do not believe we can go higher so they sell their coins, that causes us to go down but at least we are now free of those people and can go higher a lot faster. Or maybe we will fail and they are right but I will take my chances.
Bitcoin is currently under 6.5k USD. Is this a sign of a future problematic state?
The current decline in the price of bitcoin are not a sign In my opinion the current decline in the price of bitcoin is due to the shake of the world economy at this time caused by the wider impact of the corona virus that is currently sweeping the world, especially we know if one of the centers of the world economy is a country of China so that with the outbreak of this virus certainly also presents a risk of fear for Cryptocurrency investors and inevitably they will prefer to save their money now. I am optimistic that if the corona virus has subsided it will definitely make the price of bitcoin bull run again.
Bitcoin is currently under 6.5k USD. Is this a sign of a future problematic state?
Bitcoin is quite volatile, so it can quickly grow and fall, hopefully soon Bitcoin will be able to grow to $9,000 first, and then to 10,000.
I hope it will but if you are trying to look at the current movement of the market today, you will notice how hard to have such growth.We are already at declining sentiment and I think that it gonna be at worse as people have to start in panic selling which is quite started by now. We can still be positive about the upcoming halving but it can't be guaranteed that we can experience a skyrocket because it seems to be possible especially that we are still facing a huge health issue which affects the economic system badly.
Obviously, short term decline to me because the negative news around.
However, long term, I'm still seeing a positive growth, As compare to last year, with the price on the $6k range, today around $8k, so still it is one of the best investment asset so far. We still have the halving event, the much anticipated because it could be the catalyst for the bull run that we all have been waiting for.
oh the halving event . yup that is the only hope that people see's for now or this year rather despite of the continued crisis that we are expriencing right now . bitcoin's momentum is on a single movement i notice , because if bitcoin is declining it more likely decliine contiued but the moment it rises itl also continue rises . i and others more are still optimistic not only this year but aswell as for the next year and decades to come because like what you said , bitcoin is still the best investment ever made so far .
Bitcoin is quite volatile, so it can quickly grow and fall, hopefully soon Bitcoin will be able to grow to $9,000 first, and then to 10,000.
I hope it will but if you are trying to look at the current movement of the market today, you will notice how hard to have such growth.We are already at declining sentiment and I think that it gonna be at worse as people have to start in panic selling which is quite started by now. We can still be positive about the upcoming halving but it can't be guaranteed that we can experience a skyrocket because it seems to be possible especially that we are still facing a huge health issue which affects the economic system badly.
Obviously, short term decline to me because the negative news around.
However, long term, I'm still seeing a positive growth, As compare to last year, with the price on the $6k range, today around $8k, so still it is one of the best investment asset so far. We still have the halving event, the much anticipated because it could be the catalyst for the bull run that we all have been waiting for.
Bitcoin is quite volatile, so it can quickly grow and fall, hopefully soon Bitcoin will be able to grow to $9,000 first, and then to 10,000.
I hope it will but if you are trying to look at the current movement of the market today, you will notice how hard to have such growth.We are already at declining sentiment and I think that it gonna be at worse as people have to start in panic selling which is quite started by now. We can still be positive about the upcoming halving but it can't be guaranteed that we can experience a skyrocket because it seems to be possible especially that we are still facing a huge health issue which affects the economic system badly.
Bitcoin is quite volatile, so it can quickly grow and fall, hopefully soon Bitcoin will be able to grow to $9,000 first, and then to 10,000.
After last month bitcoin reached $10k and corrected it back to $8500 which made altcoin a big dump, now bitcoin is back up and altcoin is slowly following. It looks like this will continue to happen quite quickly before the halving bitcoin occurs.
Hi friend .. Look again at the current market conditions, it seems like BTC is still holding below $ 8k and I think it still needs correction with a rather long time to be able to crawl back up to $ 10k.It does not need a correction,,, this is the correction already happening and as usual during a correction it will pullback too far, which is why we will witness a strong bounce soon, before halving happens. Now imagine what happens if it bounces, corrects back AND halving pricing sets in, we should see very, very strong action before end of 2020.
We have seen that we do stay on lower lows on bitcoin market or shall we say on the entire crypto.Thing here is that we do have some hopes yet we are heading to halving.
We do see its price goes back to 7k levels but actually this would be a good spot for buyback.
After last month bitcoin reached $10k and corrected it back to $8500 which made altcoin a big dump, now bitcoin is back up and altcoin is slowly following. It looks like this will continue to happen quite quickly before the halving bitcoin occurs.
Hi friend .. Look again at the current market conditions, it seems like BTC is still holding below $ 8k and I think it still needs correction with a rather long time to be able to crawl back up to $ 10k.It does not need a correction,,, this is the correction already happening and as usual during a correction it will pullback too far, which is why we will witness a strong bounce soon, before halving happens. Now imagine what happens if it bounces, corrects back AND halving pricing sets in, we should see very, very strong action before end of 2020.
In 2020 we are still in profit and people are forgetting about that. We have started the year at early 7000's and right now we are at late 7000's as of now. It means bitcoin has actually moved over 10% in profit already in the third month, it has been just 70 or so days since the year started and we are already above 10% in profit and we have even peaked above 20% in profit as well (as high as over 30% in profit) so there is no reason to panic right now and call it a bear run.
We have dropped a lot since our peak in 2020 I agree with that but it has only been 70 days since the year started, the ups and downs are normal and we can still be a bit patient about what's going to happen in the rest 290 days of the year we have left and maybe it could be even better than current situation.
We have dropped a lot since our peak in 2020 I agree with that but it has only been 70 days since the year started, the ups and downs are normal and we can still be a bit patient about what's going to happen in the rest 290 days of the year we have left and maybe it could be even better than current situation.
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