Topic: Cryptocurrency price is coming back. (Read 650 times)
I do not think so that the price is now coming back again because it is only a false breakout, like what happened on the price of the bitcoin. It breakout in the resistance around $6400 but the sellers overcome the buyers that pushed the price into $5700 per each. The consolidation will take more time so we should always be careful because we are still in the bear market.
Cryptocurrency price is coming back...
...to $3k.
This is the second wave of the COVID-19.
$5.8k in GDAX right now.
I’m still waiting for this price again, and I’m ready to buy more. Instead of panicking, better to think how you can still make money despite of the market situation and better to look longer, I mean always prepare for the future. We are still stable on the level of $6k and we have no guaranteed that it will not down again, well at least for now. Bitcoin can go up or down, think ahead and do the best decision....to $3k.
This is the second wave of the COVID-19.
$5.8k in GDAX right now.
Cryptocurrency price is coming back...
...to $3k.
This is the second wave of the COVID-19.
$5.8k in GDAX right now.
I’m still waiting for this price again, and I’m ready to buy more. Instead of panicking, better to think how you can still make money despite of the market situation and better to look longer, I mean always prepare for the future. We are still stable on the level of $6k and we have no guaranteed that it will not down again, well at least for now. Bitcoin can go up or down, think ahead and do the best decision. ...to $3k.
This is the second wave of the COVID-19.
$5.8k in GDAX right now.
From $9k drops straight to $4k (quite worrying) and a little bounce back at $6k...feel I was entertained how people been in panic selling because of the crash.
You should not be worried with that, we've seen this many times and we should trust that bitcoin will always bounce back. I tell you man, only the weak hands and the newbies would worry, we the experience traders will not, instead we live seeing the dump.
Moving forward to have this halving means a lot in the market trend and all hoping that it works fine even though we are in the crisis.
Hopefully but I believe the market would be bullish soon as the support is quite strong, they won't let bitcoin dump again. I have to picture it out that we are moving into market recovery at this time. Its price movement is noticing that we even improve from $4k to $6k plus for Bitcoin, gonna have to see a positivity that we fall back high to $7k a couple of days from now. Though we are not sure of that because of its volatility but something to see that the inclining scheme is meant to be great and I suppose to think that only a few Bitcoin holders are selling it at a low price.
Traders are in dilemma all the time, but some strong holders are not, we are buying when we can and we hold without
worrying about volatility. It's not a nice feeling when prices going down, but it's not the end of the world either, for some
investors and long-term holders it's a good opportunity for buying.
I believe that crypto-currencies will recover their previous ATH prices, and make new ATH prices. It will happen in the
future, we can hope it will be soon, but some of us are ready for waiting.
It is for the majority to hopes for a high price (another $20k) but then, its gonna be difficult to this time when there is no hypes happening. Price really matters but for now, the sustainability of the market and to retain its popularity and market demand is much important. And I know, the price increase will follow.
The market isn't all the time to be at doom nor to be at rising. It sometimes we suffered like these but it doesn't mean that we just end up like this.
We only have to think that this is all a normal scenario, anything could be happening.
From $9k drops straight to $4k (quite worrying) and a little bounce back at $6k...feel I was entertained how people been in panic selling because of the crash. Moving forward to have this halving means a lot in the market trend and all hoping that it works fine even though we are in the crisis.
We only have to think that this is all a normal scenario, anything could be happening.
From $9k drops straight to $4k (quite worrying) and a little bounce back at $6k...feel I was entertained how people been in panic selling because of the crash. Moving forward to have this halving means a lot in the market trend and all hoping that it works fine even though we are in the crisis.
I have to picture it out that we are moving into market recovery at this time. Its price movement is noticing that we even improve from $4k to $6k plus for Bitcoin, gonna have to see a positivity that we fall back high to $7k a couple of days from now. Though we are not sure of that because of its volatility but something to see that the inclining scheme is meant to be great and I suppose to think that only a few Bitcoin holders are selling it at a low price.
Traders are in dilemma all the time, but some strong holders are not, we are buying when we can and we hold without
worrying about volatility. It's not a nice feeling when prices going down, but it's not the end of the world either, for some
investors and long-term holders it's a good opportunity for buying.
I believe that crypto-currencies will recover their previous ATH prices, and make new ATH prices. It will happen in the
future, we can hope it will be soon, but some of us are ready for waiting.
Cryptocurrency price is coming back...
...to $3k.
This is the second wave of the COVID-19.
$5.8k in GDAX right now.
...to $3k.
This is the second wave of the COVID-19.
$5.8k in GDAX right now.
It could be possible. Though Bitcoin is showing signs of slight recovery, but the possibility for it to happen is still lounging around.
Europe and the USA has been overwhelmed with the spread of the pandemic and it's still worsening the situation right now. Containing the virus might take several weeks. So, another correction might happen. Nevertheless, It's still a good thing for those who look for the best bottom to buy.
I have to picture it out that we are moving into market recovery at this time. Its price movement is noticing that we even improve from $4k to $6k plus for Bitcoin, gonna have to see a positivity that we fall back high to $7k a couple of days from now. Though we are not sure of that because of its volatility but something to see that the inclining scheme is meant to be great and I suppose to think that only a few Bitcoin holders are selling it at a low price.
I hope it will continue, this is not really enough for us right now. Sure, we recovered almost all the drop and with another 10%-20% push we are going to be doing great. However that is not enough, to show the world that bitcoin is an amazing thing to invest during these bad times, we need to reach to a point where it is actually quite profitable for everyone around the world.
If you show the world that bitcoin is profitable on bad days, they will definitely buy bitcoin next time something bad happens and that is what we need right now, well maybe not right now but for the next time it happens. If you make a public awareness about the profits of bitcoin holders during corona virus, everyone else in the world will see it and they will buy bitcoin next time there is a bubble burst.
If you show the world that bitcoin is profitable on bad days, they will definitely buy bitcoin next time something bad happens and that is what we need right now, well maybe not right now but for the next time it happens. If you make a public awareness about the profits of bitcoin holders during corona virus, everyone else in the world will see it and they will buy bitcoin next time there is a bubble burst.
The fact is that almost every cryptocurrency user expects the next halving, because they are confident that this event will bring improvements to the cryptocurrency market. At least halving, 2013 and 2016 showed very good results, and I think this year will be the same situation.
I assume that problem can be with mining bitcoin, maybe some miners can shut down their mining rigs because of the rising difficulty, some will have to upgrade their miners if they wish to mine with the same speed, who knows what he really thinks when he say that we can expect problems with next halving, but miners are vulnerable group in that period for sure.I think that this is not some special drop, normal volatility in crypto with sudden spikes and dips, and I am sure that this entire year will be the same. Bull runs and recovering previous ath prices can come only next year in my opinion.
The cost of mining Bitcoin will depend on the cost of equipment and energy costs as always, which can increase the price to 16,000. But Bitmain in May plans to release equipment that will make the cost of BTC production at $ 6,000.
There are two basis of the halving giving good results this coming month.
Number one is the results it gave in the past two years which affected the price positively. If this is effective in the past years, then it would be this year too and that would apply the second basis, because of the fact that it is the reason for halving. Halving cuts the supply in half and that is the reason why it is said to have a positive effect on the Bitcoin's price.
Of course, my thoughts and plans regarding the upcoming halving are very optimistic and I really hope so. But we must not forget that price increases before the end of 2016 and throughout 2017 could happen due to the increased public interest in cryptocurrencies, because in those years many were able to make very big profits and this information went online like advertising very quickly. Number one is the results it gave in the past two years which affected the price positively. If this is effective in the past years, then it would be this year too and that would apply the second basis, because of the fact that it is the reason for halving. Halving cuts the supply in half and that is the reason why it is said to have a positive effect on the Bitcoin's price.
Bitcoin recover their position and have chance to come back again but of course we also can't ignore halving because this will become the next problem.
How would halving become a problem? I think majority of us are thinking halving is good as it will result to the increase of bitcoin's price.
There are two basis of the halving giving good results this coming month.
Number one is the results it gave in the past two years which affected the price positively. If this is effective in the past years, then it would be this year too and that would apply the second basis, because of the fact that it is the reason for halving. Halving cuts the supply in half and that is the reason why it is said to have a positive effect on the Bitcoin's price.
Bitcoin recover their position and have chance to come back again but of course we also can't ignore halving because this will become the next problem.
How would halving become a problem? I think majority of us are thinking halving is good as it will result to the increase of bitcoin's price.
I assume that problem can be with mining bitcoin, maybe some miners can shut down their mining rigs because of the rising difficulty, some will have to upgrade their miners if they wish to mine with the same speed, who knows what he really thinks when he say that we can expect problems with next halving, but miners are vulnerable group in that period for sure.
I think that this is not some special drop, normal volatility in crypto with sudden spikes and dips, and I am sure that this entire year will be the same. Bull runs and recovering previous ath prices can come only next year in my opinion.
Bitcoin recover their position and have chance to come back again but of course we also can't ignore halving because this will become the next problem.
How would halving become a problem? I think majority of us are thinking halving is good as it will result to the increase of bitcoin's price.
Bitcoin recover their position and have chance to come back again but of course we also can't ignore halving because this will become the next problem.
How would halving become a problem? I think majority of us are thinking halving is good as it will result to the increase of bitcoin's price.
First wave ( corona ) is not done yet so let's think the worst thing bitcoin will lost value after halving. As trader I must say wait until market condition become stable again, for some people wait and see is wasting time but for me safe way is better than revenge ( panic buy ).
There is no 2nd wave, what we are experiencing now is the result of the covid-19, as long as it's still actively infecting people, it's a threat to our life and no government that is in its sound mind would allow people to do their usual activity prior to the covid-19, we need a cure for this one because we can say that the market is good again, panic buying is a normal reaction due to the fear, but we should be educated, we need that to fight the virus.
You have a very good point, mate! I believe it too that big investors are studying about the crypto market! Stocks market, banks are not safe enough in this lockdown time when the Bitcoin trading is a true blessing! So, after the halving, when bitcoin price may be higher than now, more people will realize how opportunity crypto is providing!
Oh believe me I think the big investors have been asking all their consultants and financial advisors about crypto for many years. The thing is if they read on their own they would find all the bad news about it. Or if they trusted Wall Street then we all know the bad things Bitcoin is for these guys so the influence is very likely a negative one;)
Certainly, many people will start looking at cryptocurrencies through lockdown. However, the global economic situation is so uncertain that no one is thinking about investing at this time. As you wrote, even banks are not safe at the moment. I think we have a very difficult period ahead of us and we can expect that most people will prefer to keep cash. The price of Bitcoin has always had very large fluctuations, but what has been happening recently is not trading anymore but a high-risk casino game. I think there will be no big investors and unfortunately but the price will go down.
You have a very good point, mate! I believe it too that big investors are studying about the crypto market! Stocks market, banks are not safe enough in this lockdown time when the Bitcoin trading is a true blessing! So, after the halving, when bitcoin price may be higher than now, more people will realize how opportunity crypto is providing!
Oh believe me I think the big investors have been asking all their consultants and financial advisors about crypto for many years. The thing is if they read on their own they would find all the bad news about it. Or if they trusted Wall Street then we all know the bad things Bitcoin is for these guys so the influence is very likely a negative one;)
Bitcoin recover their position and have chance to come back again but of course we also can't ignore halving because this will become the next problem. First wave ( corona ) is not done yet so let's think the worst thing bitcoin will lost value after halving. As trader I must say wait until market condition become stable again, for some people wait and see is wasting time but for me safe way is better than revenge ( panic buy ).
The gradual development in the price of Bitcoin in the market could signify the economic recovery of the society around the globe from the virus little by little but, this does not mean that the virus is not a problem anymore instead, the stock markets are adapting in the current events and are beginning to cope from the destructive virus. This serves as a hope for holders like me to have faith in Bitcoin investment until the halving event comes.
Cryptocurrency price is coming back...
...to $3k.
This is the second wave of the COVID-19.
$5.8k in GDAX right now.
calm down buddy, if measured from the price of $ 6100, it only drops a few dollars, besides, it's quite reasonable that the price of bitcoin drops hundreds of dollars in a short amount of time because basically the price of bitcoin is indeed very volatile....to $3k.
This is the second wave of the COVID-19.
$5.8k in GDAX right now.
so far, the price of bitcoin has risen again to $ 5900, and there is a possibility the price will reach $ 6000 again. however, I believe that the price of bitcoin will rise again.
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