Black January: Why is Bitcoin in Such a Bad Way? - page 2.

BigBoy89

legendary

Activity: 1512

Merit: 1011

Quote from: Thanhnghi on February 02, 2018, 12:20:53 PM

As January closed, Bitcoin fell towards $9,000 (getting closer to $8,000 in the first days of February). It has been a particularly tough month and a half for Bitcoin if one considers that halfway through December the coin peaked at $20,000!!! Huh

Too much pressure from official channels and governments. South Korea added taxes, Russia presented a new law and yesterday India banned all crypto-currencies. Unfortunately, we will not see a strong 20K bitcoin soon.

akitha

member

Activity: 742

Merit: 10

As we all know it reached its all time high last year, and most of the investor pulled out their funds because of holidays, (i think so

) and so much fud around, from South Korean exchange raid to coincheck hack!

Yo_Seats

newbie

Activity: 14

Merit: 1

Totally agree. The current limited number of transactions per minute is waaaaay to slow.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: Thanhnghi on February 02, 2018, 12:20:53 PM

As January closed, Bitcoin fell towards $9,000 (getting closer to $8,000 in the first days of February). It has been a particularly tough month and a half for Bitcoin if one considers that halfway through December the coin peaked at $20,000!!! Huh

Agree. Its been a hard and really tough month to go through this January. We have seen it corrected itself and now we are below 5 digits and its seems that we can't go pass this hurdle and reach our goal of $20K.

But then again, this bearish trend will not go and last forever. Sooner or later the price will rally at some point and all crypto will bounce back. Not only bitcoin suffers here, but all of the market is on a sea or red. So the best thing to do is just to hold and patience. February is coming. Let's be optimistic that sooner everything will be back to normal.

Mister1k

hero member

Activity: 896

Merit: 520

Quote from: Thanhnghi on February 02, 2018, 12:20:53 PM

As January closed, Bitcoin fell towards $9,000 (getting closer to $8,000 in the first days of February). It has been a particularly tough month and a half for Bitcoin if one considers that halfway through December the coin peaked at $20,000!!! Huh

I see it shows the complete nightmare for the bitcoin and all the cryptos. Please check the todays value there is more dump in the chart. I do not know how to consider that bitcoin will be recovered or not. Since I have holded the bitcoin for long time to get the money converted as fiat to use for my personal commitments.
Your question mark is my expectation, if bumps to this much value. I will really get the help with the bitcoin change.

Lucacrebbe

full member

Activity: 224

Merit: 100

Quote from: Volant on February 02, 2018, 12:23:13 PM

It did it's part for Crypto and now its time to move aside and make way for the better tech

That's why we have to move to XRB (RAIBLOCK) and Monero

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: Thanhnghi on February 02, 2018, 12:20:53 PM

As January closed, Bitcoin fell towards $9,000 (getting closer to $8,000 in the first days of February). It has been a particularly tough month and a half for Bitcoin if one considers that halfway through December the coin peaked at $20,000!!! Huh

Why?

Because last year and specially last 2 months so November and December was so good. Bitcoin had zero push backs in that two months. I felt so bad because of it. I fell way better now when Bitcoin price is going back to solid fundamentals.

Why are you posting about Bitcoin in alt coins part of forum?

tdeannova

full member

Activity: 504

Merit: 102

Quote from: 5ensei on February 02, 2018, 01:00:55 PM

Not such a bad thing, it gives others a chance to get into the game. At $20k investors are thinking they missed the boat, so by lowering prices more and more people will get in, so the next pump will be bigger! It is a test of belief, those who get in now while the prices are low will be smiling later on. It is the chance they have been waiting for so there is no excuse for not jumping on the bandwagon - it is waiting for you all!

I agree with your opinion, maybe if the price does not go down and keep going up, then the chance for others will be small and they will argue that $ 20 is already too expensive. Take a moment, patience is the key to success.

5ensei

full member

Activity: 728

Merit: 103

Not such a bad thing, it gives others a chance to get into the game. At $20k investors are thinking they missed the boat, so by lowering prices more and more people will get in, so the next pump will be bigger! It is a test of belief, those who get in now while the prices are low will be smiling later on. It is the chance they have been waiting for so there is no excuse for not jumping on the bandwagon - it is waiting for you all!

Volant

member

Activity: 77

Merit: 10

It did it's part for Crypto and now its time to move aside and make way for the better tech

Thanhnghi

jr. member

Activity: 294

Merit: 1

As January closed, Bitcoin fell towards $9,000 (getting closer to $8,000 in the first days of February). It has been a particularly tough month and a half for Bitcoin if one considers that halfway through December the coin peaked at $20,000!!! Huh

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