Topic: BTC uptrend & downtrend (Current Situation) - page 2. (Read 306 times)

Finally a well minded investors do their homework and do give informative data precisely dated. So that doesn’t need any more explaining to do. They’re too much talking, no sense and less of mindful prerogative. Those who doesn’t represent the idealist, but the conservatives who think what is right in the past is still significant in the future generations. Is forcely rightfully matter?.

https://bitcointalksearch.org/topic/m.33576960
https://bitcointalksearch.org/topic/m.33426261

I am seeing two types of people in this forum.  First type are the persons who are awaiting deep fall in btc prices.  They want this because they are having almost nil btc in their wallet.  They have seen btc touching heights beyond expectations.  They wish the btc to fall to unimaginable levels say $50 with the hope that they will be able to buy some coin at those lowest levels.  But their expectations are not limited to just this transaction.  They are of the view that the prices when again rise to $20k they will sell it earning huge profits.  
Other type of people are those, mentioned by you, who bought btc at higher prices with the expectations of higher returns but due to their greed of further rise in prices, they could not sell it at available high prices.  But afterwards as the prices fell, they are now expecting price rise to very higher levels i.e. $50k too ( ) so that they may become very rich by just holding few btc in their wallet.
Above persons are just investors.  I think their purpose only is to gain profits instead utilizing it for the purposes it was created for.  BTC instead of using as currency has become the source of investment where high returns are expected.

This post deserves a Merit! I hope all cryto users knows what path they're about to enter from the moment they have decided to invest money on Crypto just like you. I know the current market was really a pain in the eye, I guess people nowadays should know that, everything that comes easy will also go the same way.

Good points, well made. I just wish I'd got it at the end of last year and sold while I had the chance. Now it's hodl or lose.

One of the reason why bitcoin had a major price crash is that a large number of people entered into bitcoin last year, 2017. When bitcoins value was already 14k$ huge investors and a lot of people joined in and bought bitcoin. Those were actually newbies in this industry and does not understand how this system works and only in there for a dream of getting a profit. But when the correction happened they panic about their investment and started to sell their coins. It was followed to day but bad news and so even after the correction bitcoin drops to 6k$.

Bitcoin is not dead it is still kickin and still has a good value.

Hi All,

I have been watching the price of BTC falling since 2014 until it hit previous 2013/14 highs which were more than 1000$

During 2014-2016(Before I decide to invest or hold BTC, I was using BTC to transact with folks.. paying for digital services.. like hosting/vpn, paying freelancers so I strongly believe in the power and the useful case of crypto).

Then I decided to dig in and bought BTC  at 1200$ in March 2017.

Then kept buying on the way up until October 2017, so my avg cost were about 2.5k

I never thought or found it reasonable for BTC to hit 20k by end of 2017, it just seemed wrong because it's just too crazy thing to happen, however, I was sure that BTC will be valued at 20k in a few years due to high demand and capped supply.

So BTC kept going up gradually since beginning of 2017

my pattern for BTC price is like this..

1k-->3k (it took 3-4 months)
3k-1.8k (dip, 40% loss)
3k-->5k (it took one month)
5k-->3k (dip 50% loss lasted for less than a month)
5k-->20k (2 months)
20k-->

my point is, why the hell everyone thinks BTC is dead? or unhappy with what is going on? like seriously, are humans that stupid to think BTC will keep going up -non-stop? a simple living being with a half brain would expect BTC to dip based on the previous uptrend hype...

in fact, my opinion is, all people who bought BTC since 4-5k levels where in it for greed, remember BTG fork? then 2x fork that was cancelled? then hype of CME? the price of BTC after 4-5k levels were made because of people who are in the thing for a buck! not believers in financial freedom or the technology itself..

BTC was doubling in price and was taking enough time to do so and it was correcting by losing 50% of it's value.

BTC got 4x from 5k to 20k and the human psycho reaction for this is unknown but for sure it will be much harsher than previous dips because the gain of BTC was a lot than 1x.. (it was 4x) ...

so folks, for love of god, can't you see that 4-6 months bear market is normal and healthy for BTC?

BTC will shake out weak hands before it goes up next time and I see that we are close to the bottom of this year.

Comments/replies/thoughts/constructive criticism are welcome...