Bitcoin recovering - page 4. | Bitcointalksearch.org

posi

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Quote from: snipie on March 23, 2020, 07:03:33 PM

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Still the Bitcoin market is not touch the low becasue as we see the market this time it is so much difficult to understand it and may be in future market is touch the low at 3k or 2700$ this time becasue still all the world in crisis and thats why the market are crash and going down regularly.

Volatility, big whales cashing, covid-19 panic... We can add more theories but getting $3k is not reasonable for me and it is very low and risky for many traders especially who bought over $4-5k.
Imo $5-6k is a logical bitcoin price for consolidation before getting back to +$10k somewhere near the halving

If the COVID-19 panic continue while no vaccination is detected there's totally the chance of bitcoin market to downtrend to the $3000 even during halving because more business will be close including some other activities and some crypto investors/traders will have no choice than to sell some of their holding.

pooya87

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Quote from: Oasisman on March 23, 2020, 10:46:14 PM

$3,000 level might not be reasonable, but definitely possible. If Bitcoin block halving happens to be not happening this year, the price could've been worse than what we are seeing today.

i disagree. mainly because halving effects that you are talking about are only hype-based and that only lasts a very short time. which is mostly 1 or 2 months before the halving not all year long. but also because we have already had a nearly 50% drop, it doesn't get any worse than that! if the halving hype was in effect the price should have fallen about 20% tops. any more drop than this is extremely hard and requires a lot of manipulation.

criza

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The pandemic ncov-19 really affected the standing of stock markets including Bitcoin. But, these past few days we could see the gradual increase in the price of the coin, from a value ranging from $3,500+ to its current price at $5,600+, if these would continue we might conclude that the market is already recovering from the effects of the virus.

These coming months would be great for Bitcoin because, as the countries begins to adopt in the pandemic, sooner we might get rid of the disease and impending demand would come up. Also as the coming halving event comes closer, this would be a great turning point for the standing of Bitcoin.

Oasisman

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Quote from: snipie on March 23, 2020, 07:03:33 PM

Quote from: ?? on ??

Still the Bitcoin market is not touch the low becasue as we see the market this time it is so much difficult to understand it and may be in future market is touch the low at 3k or 2700$ this time becasue still all the world in crisis and thats why the market are crash and going down regularly.

Volatility, big whales cashing, covid-19 panic... We can add more theories but getting $3k is not reasonable for me and it is very low and risky for many traders especially who bought over $4-5k.
Imo $5-6k is a logical bitcoin price for consolidation before getting back to +$10k somewhere near the halving

$3,000 level might not be reasonable, but definitely possible. If Bitcoin block halving happens to be not happening this year, the price could've been worse than what we are seeing today.
A lot of people are still very optimistic about the effect of halving to the market, and a lot of people are still buying at this current figure, the reason why Bitcoin didn't fall and stay behind at the $4,000 level.

snipie

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Quote from: ?? on ??

Still the Bitcoin market is not touch the low becasue as we see the market this time it is so much difficult to understand it and may be in future market is touch the low at 3k or 2700$ this time becasue still all the world in crisis and thats why the market are crash and going down regularly.

Volatility, big whales cashing, covid-19 panic... We can add more theories but getting $3k is not reasonable for me and it is very low and risky for many traders especially who bought over $4-5k.
Imo $5-6k is a logical bitcoin price for consolidation before getting back to +$10k somewhere near the halving

Wysi

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Quote from: ScamViruS on March 23, 2020, 01:14:07 PM

Quote from: Peanutswar on March 22, 2020, 11:41:14 AM

On the unexpected outbreak we recently experience it has a huge impact to the world stock market and especially to the bitcoin the market price of the bitcoin from the highest peak of 8k dollars in just a week it drops for over 3.9k dollars and that was so huge for the changes, but now some of the analysis this it just depends on the people if they keep supporting the use of bitcoin to make it back to normal also when the halving is coming most of the time the price of the coin goes down to it's the lowest point and recovering for a while and made a lot of profit come back still the problem is today it is continuously declined the use and increase of the price and the bearish market will still last long if we do not make any changes too.

Source : https://www.coindesk.com/the-puell-multiple-is-turning-bullish-on-bitcoin%3famp=1

Yes. After the last panic sell, Bitcoin tried to recover very quickly. Where Traditional Market is going down daily, Bitcoin is going uptrend. But Bitcoin is still below $7000. Bitcoin needs to cross this $7000 mark, so there is a possibility of a better upside.

I got your point but the current situation might be favorable for Bitcoin to surpass $7000 as it has started uptrend but it might go back under $5000 again due to lesser transactions as this novel corona has temporarily paused earth. We should be thankful for the force behind the recent uptrend and I don't think we can expect much under these circumstances.

ChiNgadOr

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It is great to have a nice opium dealer and dream with that 50k BTC for the halving blablabla.. for the rest of you that live in planet earth, you should turn on TV or surf the internet a while to find out we have the biggest recession ever seen. There won't be any vaccine anytime soon for Coronavirus, and the scenario can only go worse. All markets will dump and crypto much more. There "digital gold" and safe heaven are just uthopia. Don't let BTC maximalists shilling BTC influence you.. People won't hedge their wealth in crypto, everyone will cash out to be able to purchase goods in the upcoming future when the crisis kicks hard.

Yeah, you can hold... I will just rebuy many fold times the amount of BTC I got now. think this is bullshit? think twice. this was exactly what people though when BTC was traded at 20K 3 years ago, and it reached 3.4k again.. mark my words. Soon we will be able to purchase at these prices again..

ScamViruS

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Quote from: Peanutswar on March 22, 2020, 11:41:14 AM

On the unexpected outbreak we recently experience it has a huge impact to the world stock market and especially to the bitcoin the market price of the bitcoin from the highest peak of 8k dollars in just a week it drops for over 3.9k dollars and that was so huge for the changes, but now some of the analysis this it just depends on the people if they keep supporting the use of bitcoin to make it back to normal also when the halving is coming most of the time the price of the coin goes down to it's the lowest point and recovering for a while and made a lot of profit come back still the problem is today it is continuously declined the use and increase of the price and the bearish market will still last long if we do not make any changes too.

Source : https://www.coindesk.com/the-puell-multiple-is-turning-bullish-on-bitcoin%3famp=1

Yes. After the last panic sell, Bitcoin tried to recover very quickly. Where Traditional Market is going down daily, Bitcoin is going uptrend. But Bitcoin is still below $7000. Bitcoin needs to cross this $7000 mark, so there is a possibility of a better upside.

kentrolla

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BTC is going through some tough days well I cant say it is recovering but it is okay when compared to last months performance, BTC is steadily going down for the past month. Most of them believed crypto price is correlated with stock market price but now it has proved the guess are wrong, Not only BTC the whole crypto market is down at the moment and I certainly believe that COVID-19 could be a real issue for this crap. Hopes are healthier and let's believe things will turn around and BTC will come back with great enthusiasm.

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@reid Or perhaps be NOT aware of what's happening in the world. If anything, it was all this awareness of what was going on, combining with all the misled belief that Bitcoin would do well if the rest of the world went to hell, that led to all this panic selling. Thinking long term for me is still the right way to do it. And long term, the existing system of money and finance needs a reboot. Bitcoin is that reboot. Just not everyone's caught on yet.

The Cryptovator

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I can't call it recover exactly on current situation. Because bitcoin showing much volatility at the moment. I have a different thoughts about so called recover, during world panic some rich buyer just trying to accumulate some bitcoin and that time we experience a bump and its resetting again. Its true that bitcoin is trying to stay above $6K zone but not sure how long it could hold. Because if global economy doesn't recover then I don't think bitcoin would recover itself. Perhaps we might see little pump during halving but less than from our expectation.

Dart18

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But, when we are talking about bitcoin then it is just normal.
It could go crazier like last 2017 to 2018 when it goes from 20k then back to 4k I think.

Now we are just 3k lesser than what it looked like the bottom of bitcoin which is 9k last month.
It will be easier to say that this is the right price to buy now or just regret it afterwards.

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Quote from: hirngespenst on March 22, 2020, 06:33:00 PM

Bitcoin is not recovering enough, it's still showing the volatile nature every day! Though from 3900 to 6700$ was a good comeback, but the price chart says bitcoin yet to touch the support level to be bullish! I think Bitcoin needs to go under 3500$ before the halving, so, we can see a real bull run after 6 months of halving, otherwise, I am not sure bitcoin can overcome its previous bull run!

Bitcoin will remain at the price of $ 5k maybe it's the right time to be in the zone now because with the global pandemic so the price of bitcoin is becoming heavy fluctuations because it changes every time no one knows it will be a bullrun coming along it certainly is more likely halving will occur on demand will slightly increase before halving occurs.

mahilchii

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Bitcoin had a rollercoaster week just a temporary pump in a day cannot be considered as it is recovering, the global economy has already destroyed by the corona scare and I appreciate BTC is managing this tough situation, if the corona wouldn't have happen then the price would have soar the market. halving is my big hope let's wait and see how it reacts on that time.

GreatArkansas

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Quote from: Reid on March 23, 2020, 04:42:01 AM

It had already been a crazy roller coaster ride with the price of bitcoin. Some financial analysts would not see this as normal kind of investment.
Again, buy it at your own risk.
But it is true, it will always depend on how much will support it.

I think this recent dump of almost 50% on Bitcoin is likely become normal as the time goes by. Compare in some stock markets where you will see a big impact on it, but if you are in cryptocurrency and able to feel or experience some drops in stock markets or other markets, it's kinda much not so worry feeling.

Reid

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Be aware of what is happening in the world.
That is your clue right there.
Somehow the bitcoin price could react into it. Not entirely though. Just some part of it.

It had already been a crazy roller coaster ride with the price of bitcoin. Some financial analysts would not see this as normal kind of investment.
Again, buy it at your own risk.
But it is true, it will always depend on how much will support it.

Oasisman

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Price recovery won't be visible until the panic in the market
due to corona scare subsides. Though the pandemic may only have a little effect in crypto space, but it is destroying the global stock market.
As we can see, the price has stabilized at certain range of above $5,500 to $6,000, it is not because there are still a lot of people who took advantage of the price slump and stacked more Bitcoin instead of panicking, which is the right thing to do.

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Quote from: KrisAlex18 on March 22, 2020, 10:11:23 PM

I really shocked when the bitcoin reaches 3,900$ because based on what I have read on some articles that it would only reach to lowest price of 6000$ but in unexpected things happen, where virus or this COVID-18 attacks the whole world bitcoin is really affected by it because a lot of holders, investors, players, etc. pull out their money and converted it into fiat currency to purchase things they need for the virus.

I hope that when bitcoin halving many people would still support the bitcoin, so it would still recover from being dumped, but I think they will because bitcoin is really a big help for them especially for there financial purposes.

No one knows the impact of the virus, but that is happening now. We cannot do anything related to the market. But we still have a hope to see a big jump in the future as we are at the lowest price, and there will be a time for bitcoin to increase fast soon. COVID-19 already impacted all countries, and many people are suffering because of that virus. And that news has given the effect to bitcoin price too, but we don't know how big the impact on bitcoin price. We hope that the virus can be controlled. So people can still support bitcoin, and who knows, after this crisis, people will see the advantages of bitcoin that they can use while they still at home for recovery.

KrisAlex18

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I really shocked when the bitcoin reaches 3,900$ because based on what I have read on some articles that it would only reach to lowest price of 6000$ but in unexpected things happen, where virus or this COVID-18 attacks the whole world bitcoin is really affected by it because a lot of holders, investors, players, etc. pull out their money and converted it into fiat currency to purchase things they need for the virus.

I hope that when bitcoin halving many people would still support the bitcoin, so it would still recover from being dumped, but I think they will because bitcoin is really a big help for them especially for there financial purposes.

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If it isn't just because of the Covid-19, bitcoin won't drop this much. But this is one of the reasons why many believe and happily holding because of its attribute to quickly recover.

Quote from: chaser15 on March 22, 2020, 05:51:53 PM

Saying the price recovers because of the price swing is early to tell.

It has actually recovered from the bottom pit of $3900 and heading towards $7000. We can say confidently say that it has recovered that much despite the huge drop that it made still there's a pull back we've seen.

Topic: Bitcoin recovering - page 4. (Read 842 times)