bitcoin market price falls down. Threat or treat? - page 2.

Qunetick

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Quote from: richardsNY on June 26, 2018, 03:01:07 PM

Quote from: nydiacaskey01 on June 26, 2018, 02:22:13 PM

Look no further, just check the price of Bitcoin for the past 3 years and look at the trend. I would buy some more while the price is still low.

People only care about the market's performance after they bought their coins, therefore they don't give a single damn about how the price has been going up throughout the last years. Their reality is that even if the price starts to go up again, it is still nowhere near any levels that result in reaching their break even point. The best thing they can do is to start buying the market down in order to break even faster, otherwise it's going to take long, very long. It's way more likely that they will end up selling their coins before they break even, because they for sure will run out of patience at some point....

True. I'm still in a positive side. The bitcoin's situation right now is "normal" when one tries to look for its trend in the past years. Moreover, this is a good time to invest more in btc. This will soon recover. We just need to be more patient as its price may rise or even fall down more in the coming days.

bhadz

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Quote from: jademaxsuy on June 22, 2018, 10:19:08 AM

I came to a point where i am always checking coinmarketcap.com for market price movement that relatively as of this moment it continue to fall down. It came another major fall down on market price. What do you think on the situation right now? Is it a threat that bitcoin will crushed or it is the good time to invest on bitcoin or other cryptocurrency.

It is a threat for someone that doesn't believe in bitcoin and only want an instant profit and exit from it's market. But for those experienced, bitcoin believers and traders it is a treat. You can buy a cheap bitcoin now that went almost $20,000 few months ago and was followed by a massive correction. I'm not using any discouraging word during the dip as long as we can hold the drop, there's no need to treat it as a threat.
Buy more during the falls and you'll be glad few months from now on.

richardsNY

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Quote from: nydiacaskey01 on June 26, 2018, 02:22:13 PM

Look no further, just check the price of Bitcoin for the past 3 years and look at the trend. I would buy some more while the price is still low.

People only care about the market's performance after they bought their coins, therefore they don't give a single damn about how the price has been going up throughout the last years. Their reality is that even if the price starts to go up again, it is still nowhere near any levels that result in reaching their break even point. The best thing they can do is to start buying the market down in order to break even faster, otherwise it's going to take long, very long. It's way more likely that they will end up selling their coins before they break even, because they for sure will run out of patience at some point....

vonnyaries

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i think from half of people the ted market is a good time to buy more coin and bitcoin, they know that their investment will down, but they use the oppotunites to buy more coin and get more profit when the price is back to normal again, but some people is not agree with this situation, so where are your side?

nydiacaskey01

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Quote from: jademaxsuy on June 22, 2018, 10:19:08 AM

I came to a point where i am always checking coinmarketcap.com for market price movement that relatively as of this moment it continue to fall down. It came another major fall down on market price. What do you think on the situation right now? Is it a threat that bitcoin will crushed or it is the good time to invest on bitcoin or other cryptocurrency.

If you have been a follower of Cryptocurrency you should have known by now that the current price Bitcoin is just temporary. This is something that will not last that long. Those negative news are made just to bring the price down so whales can buy some more. Look no further, just check the price of Bitcoin for the past 3 years and look at the trend. I would buy some more while the price is still low.

EdwardClinton

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From my perception you should be more patient. Because the crypto market is too much volatile. Price will fall down and again rise in such a short period of time. Be patient and don't loose hope in this kind of situations.

fulmetal08larz

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I consider bitcoin's price falling down as a threat for short term, during this bloodbath, many will be tested of their patience and discipline that will affect their decisions. For long term, the cheap price of almost all crypto currencies out there is a treat. This could be the bottom price for the year, look for the volume of sellers, whenever the bears become exhausted from selling, a bullish reversal could happen.

gabmen

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Quote from: Mhd-Bobbi on June 25, 2018, 10:59:00 AM

Quote from: jademaxsuy on June 22, 2018, 10:19:08 AM

I came to a point where i am always checking coinmarketcap.com for market price movement that relatively as of this moment it continue to fall down. It came another major fall down on market price. What do you think on the situation right now? Is it a threat that bitcoin will crushed or it is the good time to invest on bitcoin or other cryptocurrency.

Yes, you are right. It seems to be a threat to us all crypto users. I also see the price of coinmarketcap.com sometimes goes up and sometimes also goes down. It is unfortunate for us who have collected some crypto. Usually there will be an increase at the end of the year in 2017 yesterday. I hope at the end of this year will go up like the previous year.

It's unfortunate if you're expecting quick returns from your bitcoin investments. For those that are looking towards the future, it's opportunity presenting itself. I don't get threatened by what's going on and i even am at more than negative 50%.

Lecam

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Well it depends on your point of view some see's it as a threat and some as a treat,
If you want to get Bitcoin at a low price then it is a good thing for you but if you want to sell your Bitcoin for cash then this is a really bad thing for you,
I think if you want to invest in Bitcoin this would be really great time for you to start jumping into Bitcoin.

timerland

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I don't believe that there is any threat that this bear market has on the long term development of bitcoin as a currency whatsoever. Prices are quite distinct to adoption and use, you have to understand that, since prices can be easily influenced in the short term due to the fact that bullish and bearish sentiments exist in the market and influence traders.

There won't be any longlasting effects on BTC. Nothing like what some are saying (bitcoin is dead etc.). It's just a bear market.

Accumulating BTC while everyone is selling in a bear market is probably the most sensible thing to do, at the moment. I think that anything under $7k is worth buying at given that you are able to hold for at least a few years. With the new institutional investors and a lot more established bitcoin services that are currently heading into the market, I expect the next bull market to be quite significant (although it's probably not going to be as heated as 2017).

jagdeepjd

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for me its an opportunity to buy more as we cannot call the bottom but bitcoin going below 6000$ is pretty critical and we were supposed to bounce back hard from there and that is what we saw with that big green candle takings us back to 6200$ though I am not yet sure about the reversal yet, bitcoin must reach the 7100$ resistance and stay there for some time then only we can confirm market reversal.

Mhd-Bobbi

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Quote from: jademaxsuy on June 22, 2018, 10:19:08 AM

I came to a point where i am always checking coinmarketcap.com for market price movement that relatively as of this moment it continue to fall down. It came another major fall down on market price. What do you think on the situation right now? Is it a threat that bitcoin will crushed or it is the good time to invest on bitcoin or other cryptocurrency.

Yes, you are right. It seems to be a threat to us all crypto users. I also see the price of coinmarketcap.com sometimes goes up and sometimes also goes down. It is unfortunate for us who have collected some crypto. Usually there will be an increase at the end of the year in 2017 yesterday. I hope at the end of this year will go up like the previous year.

STT

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The main point is the overall market is not aware ahead of time where is the best price vs demand vs supply place to buy. What I would recommend is to buy regularly not just one off, it could easily take 6 months to turn around.

I think of a large market, one in the billions as being like parking a Supertanker boat. Imagine trying to turn that around, it takes 6 minutes just to tell which direction it is turning in. Where as us the people are just little rowing boats mostly and just trying to stay afloat from the waves Bitcoin is making.

If buying regularly you will receive the average 2018 price not risk being stuck at its highs. Then maybe it can double from that average and who could complain about that gain. If we just risk buying in June only then people get upset on every little move up and down, its not worth that hassle imo. Next price I'm watching for direction is 6500, a regular high I think

Slash61

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Not a threat but this is a good opportunity to invest in Bitcoin, do not be in a hurry to wait in the next few days maybe the price will become cheaper again and also the price will improve, I have seen several times for today the movement is very good with improvement fast, still a question mark between forward or backward, some people say this is just a normal rise.

supermine

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For me it is not because I see this as an opportunity to buy more bitcoin for the cheaper prices.Think positively. Cool

But the price falls below $6000 looks threatening for me as well because I thought that it will never go below $6000 because this year the price has high resistance even when there is high market crashes.Any how today market looks good and goes beyond $6100 so it maybe the start of the recovery phase. Cheesy

LogitechMouse

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Quote from: jademaxsuy on June 22, 2018, 10:19:08 AM

I came to a point where i am always checking coinmarketcap.com for market price movement that relatively as of this moment it continue to fall down. It came another major fall down on market price. What do you think on the situation right now? Is it a threat that bitcoin will crushed or it is the good time to invest on bitcoin or other cryptocurrency.

I see the current price of bitcoin as a treat, maybe "free money for the long term" Cheesy

. I have trust in bitcoin and I know that what is happening right now is only a massive correction after what happened last year. If we will see what happened in the last 4 months of 2017, it only shoot up and up and up with no going down. I know that in the next months, it will do the same again although this is just a speculation

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leoliln45

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Mainly almost most of the coins are infected for price based on this btc also suffering for price if we look at the chart we can know the downward slope about btc so day by day its decreasing but I hope this price will increase because most of the coins are taking good initiative also many good projects are coming in market.

1Referee

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Quote from: magneto on June 24, 2018, 03:59:56 PM

But there is a lot of advantages to buying right now, as we know the price is nearing the bottom, if not already at the bottom. I do expect the bear market to continue for at least a few more months until Q4, though, which means that only accumulate now if you're comfortable with holding for the long run. Don't expect any short term profits.

How exactly do we know the price is nearing the bottom? And what bottom are you exactly referring to?

Technically, the market has broken out of its comfort zone several times already, and based on that I from now refrain from calling bottoms. Yesterday we've reached the lowest point since last year November, and this isn't something easily to discard. What happened in the last months is that breaking bottoms results in an almost guaranteed test of the bottom below it, and we might be up for some more.

I do however agree that accumulation is the best option right now. I managed to scoop up some $5900'ish coins yesterday and I'm ready for more if so.

traderethereum

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Quote from: jademaxsuy on June 22, 2018, 10:19:08 AM

I came to a point where i am always checking coinmarketcap.com for market price movement that relatively as of this moment it continue to fall down. It came another major fall down on market price. What do you think on the situation right now? Is it a threat that bitcoin will crushed or it is the good time to invest on bitcoin or other cryptocurrency.

this is what always happens in the cryptocurrency, I learn from the past and I see that from time to time, bitcoin price is always like this. after the price increase higher, the price will always get down and even the down is too deep like what we see now. but after this, I am sure that the price will increase higher again and it is down again. this cycle will happen in every time and it is better to prepare yourself if you decide to stay in the cryptocurrency.

unknown-user

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Quote from: jademaxsuy on June 22, 2018, 10:19:08 AM

I came to a point where i am always checking coinmarketcap.com for market price movement that relatively as of this moment it continue to fall down. It came another major fall down on market price. What do you think on the situation right now? Is it a threat that bitcoin will crushed or it is the good time to invest on bitcoin or other cryptocurrency.

It appears to be more of a thereat because the market downfall is continuous. The market price is becoming lower and cheaper and if this scenario will continue, it will be hsrd for its market value to recover and that is sinply what threatens many investors. Surely, this is scary. From the beginning of this year, the msrket vslue is continuously falling, and still, at this moment, same thing happens and worse.

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