Good or bad plan? - page 7. | Bitcointalksearch.org

o48o

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Quote from: OasisDre on February 26, 2020, 03:30:50 AM

Are we at the bitcoin bottom already? Ethereum falls pretty hard today just because Bitcoin hit 9110$, is this just a correction or the coronavirus at play again? I'm thinking about buying back BTC right now

Coronavirus seem to affect every market right now, even though it's unrelated and shouldn't affect bitcoin at all. Nobody knows if this is the new bottom or not bit i would prefer keeping the price lower then this for a while. Just to give it more boost when the time comes.

CryptopreneurBrainboss

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Quote from: OasisDre on February 26, 2020, 03:30:50 AM

Are we at the bitcoin bottom already? Ethereum falls pretty hard today just because Bitcoin hit 9110$, is this just a correction or the coronavirus at play again? I'm thinking about buying back BTC right now

This is nothing more than just a correction to shake the weak hands to sell their bags while the whales increase their hodlings. Bitcoin and ethereum has been receiving massive profit in the past few weeks and it's just normal for a correction to follow since traders and short term investment Investors will most likely want to take out profit to reduce the risk of losing their capital incase an unannounced bear market hits the market.

Even at this price bitcoin and ethereum are still profitable provided you didn't case the hype and back way back when both coins were below this current price. This is just a healthy correction don't get fud.

princerepon

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Quote from: OasisDre on February 26, 2020, 03:30:50 AM

Are we at the bitcoin bottom already? Ethereum falls pretty hard today just because Bitcoin hit 9110$, is this just a correction or the coronavirus at play again? I'm thinking about buying back BTC right now

Suddenly market going down and i don't think it'll stop so early. So in my opinion wait is the better option until it'll hit 8.5k$ (only my opinion). I don't think so it's because of corona virus or something but i can choose correction option for that. There is still time for halving so some correction is not surprising thing. At this moment buying BTC wasn't a bad idea. Cause BTC halving is coming and it'll effect (a good on Wink

) on every crypto currency's value. So buy BTC now is a good idea to me.

Rengga Jati

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Not really sure that we are at the bottom price or not. All coins are decreasing much today and it still continues. Bitcoin price seems to go down around $8k, while ETH price is almost about $200. In my opinion, you are better to wait for a moment and see the progress of the decline. Only decide to buy when there is a strong signal that the crypto prices are at the bottom already. And then set the target rationally along with the possible future trend.

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Quote from: OasisDre on February 26, 2020, 03:30:50 AM

Are we at the bitcoin bottom already? Ethereum falls pretty hard today just because Bitcoin hit 9110$, is this just a correction or the coronavirus at play again? I'm thinking about buying back BTC right now

It looks like it was going even deeper than before. Coronavirus is the main reason why the market is getting plunged a lot. At the same time, the bad sentiment has come from the global caused by this epidemic and the correction is also coming in. The fact that even almost all of the countries are getting affected caused by this thing. There is no ETA about when this correction will be ended.

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This recent dump is definitely an opportunity for those who missed out to invest at the right, but at the same time we should not be carried away by FOMO and I don't this will have a long term effect and as mentioned by other users corona might have a bit of effect on crypto market as well but we should not be exaggerating things about dump and rather look at the positive side of it and plan for long term.

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now the price is under $ 9,000, and even the price of bitcoin is reduced by 5% in less than 24 hours. we go back to the $ 8k level, and this seems like bad news for holders and good news for new investors.
good plan or not, you will know after buying it. however, most people in this thread are quite certain that the price of bitcoin will soon rise, even after its decline.

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Quote from: OasisDre on February 26, 2020, 03:30:50 AM

Are we at the bitcoin bottom already? Ethereum falls pretty hard today just because Bitcoin hit 9110$, is this just a correction or the coronavirus at play again? I'm thinking about buying back BTC right now

You got time until the bitcoin halving after that only the real bullish trend expected to begin so if you found the prices getting cheaper then don't miss the opportunity and if you are waiting for the perfect bottom then it can never be achieved so make yourself a decision now.I will say buy BTC back soon the prices will explode when we progress to this weekend hopefully.

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Quote from: OasisDre on February 26, 2020, 03:30:50 AM

Are we at the bitcoin bottom already? Ethereum falls pretty hard today just because Bitcoin hit 9110$, is this just a correction or the coronavirus at play again? I'm thinking about buying back BTC right now

That's hard to say, market price is pretty declined at the moment but theres not much news pointing towards the huge dump maybe it just a temporary set back and will clear its level again. Corona virus? Why everyone keep pointing to that direction? How can a silly virus be the sole reason for it? How about whales are pulling out so they can buy back at bargain price which much credible for me.

Quote from: Novatech8 on February 26, 2020, 07:26:05 AM

Coronavirus is definitely playing a huge part in this recent market condition, my advice is for investors to wait till this is over.

When its over? I would love to know when this virus be exterminate and the marker wilk go back again. Your reason is prettt lame for market prediction. Dont blame soemthing like that for the market downfall. There's more pressing reason than this.

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Quote from: Thomas-s on February 26, 2020, 08:39:41 AM

The constant fall does not exist and the constant growth also does not exists. after the growth of bitcoin, its correction was very expected. Now after a fall of $ 1,000 it is obvious that there will be a positive correction that will slightly increase the price of bitcoin. if we talk about trading, now is a good time to buy bitcoin

If the price of bitcoin drops even more in the next days, i think there is a current event that had affected it negatively and when this happens, grab the chance of buying btc again while the price becomes low. It might be corona virus epidemic or the other way around. But since we are on its halfway for btc halving, btc and other potential coins will recover again which will make the market becomes green.

Thomas-s

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The constant fall does not exist and the constant growth also does not exists. after the growth of bitcoin, its correction was very expected. Now after a fall of $ 1,000 it is obvious that there will be a positive correction that will slightly increase the price of bitcoin. if we talk about trading, now is a good time to buy bitcoin

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Quote from: OasisDre on February 26, 2020, 03:30:50 AM

Are we at the bitcoin bottom already? Ethereum falls pretty hard today just because Bitcoin hit 9110$, is this just a correction or the coronavirus at play again? I'm thinking about buying back BTC right now

It's hard to predict why bitcoin prices are going down but if you look at price movements in the past few months, I think it still shows a positive trend. Bitcoin is a long-term investment, and I think with the Halving moment that will occur in the next few months, the price of bitcoin can rise again above $ 10k

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Quote from: OasisDre on February 26, 2020, 03:30:50 AM

Are we at the bitcoin bottom already? Ethereum falls pretty hard today just because Bitcoin hit 9110$, is this just a correction or the coronavirus at play again? I'm thinking about buying back BTC right now

If you still have spare money to use which you can forget for a while. The market movement right now is a good opportunities for those who have enough funds to invest inside this industry.
Regarding to Corona virus, there's no direct relationship between crypto currency and this virus, the only thing that comes out from my mind are those Chinese miners who are affected of this situation, possible that they're using whatever crypto they've got for personal needs.

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most likely the news of the world's calamity including viruses in China affected this. although not directly, but the focus of the world will be shifted from investment to the source of disaster and how to be free from it. because when that happens, even investment assets may not be valuable anymore. although it is not certain, but it could be the cause of the sale of bitcoin this week and cause prices to continue to fall and now has not gone up again, which means the volume of purchase transactions has not increased again.

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Quote from: OasisDre on February 26, 2020, 03:30:50 AM

Are we at the bitcoin bottom already? Ethereum falls pretty hard today just because Bitcoin hit 9110$, is this just a correction or the coronavirus at play again? I'm thinking about buying back BTC right now

No one knows if this correction is the bottom but for sure its a good chance to buy since most coins are declining. Seeing the coins all red are not a nice view but it has an advantage to buy additional coins or for new investors who like to engage themselves in crypto.

Quote from: forexandcryptoauditor on February 26, 2020, 07:22:15 AM

When a correction is expected, things like coronavirus or any other bad news become a kind of catalyst and push the correction further. Whenever price tends to go up, the market always looks for positive news to contribute to gains.

You're right we always connect the situation depending on the status of the market and I think its normal because we are looking for basis why its happening.

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Quote from: OasisDre on February 26, 2020, 03:30:50 AM

Are we at the bitcoin bottom already? Ethereum falls pretty hard today just because Bitcoin hit 9110$, is this just a correction or the coronavirus at play again? I'm thinking about buying back BTC right now

Buying back is the good idea to do as the price is rolling back to become affordable to buy but with regards to the reason why this is happening then we cannot really point it out if it is because of coronavirus or just a correction.

But for me, there is a big chance that it is only a correction and the price will rise again in the following weeks as the correction happened for almost 1 week already. The chances that the bull will happen to this year is very high so we can say that this dip is only a correction if I were to say.

joseyphil82

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Still all predictions, no one can tell where the market is heading from now on, coronavirus is throwing it's heavy blow on China economy and it's affecting Bitcoin value, I think there will be more loss in Bitcoin value from now on

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I think that buying bitcoin now is a good idea. after such a fall to 9100 there will be a correction in a positive direction. I think that this week we will rise again to 9500, but then I would sell again because after this we can go to 8500

Novatech8

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Coronavirus is definitely playing a huge part in this recent market condition, my advice is for investors to wait till this is over but if this managed to keep up which I don't pray so it will bring more damage to Bitcoin value

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Quote from: casperBGD on February 26, 2020, 05:01:22 AM

Quote from: forexandcryptoauditor on February 26, 2020, 04:17:05 AM

Yes, things like coronavirus are affecting not only cryptomarkets but domestic stock markets as well. Second thing is that a recent surge in the price of Bitcoin, a correction was expected and coronavirus is becoming contributing factor to it.
From my point of view, still, BTC can be purchased at this level as we may surely see the surge in price after halving rewards event which will be held soon.

why do you think that coronavirus is contributing to correction, should not be a reversal, due to BTC seen as store-of-value, Gold is reaching new highs lately, and BTC should have similar pattern as store-of-value, or you do not think that it is store-of-value?

When a correction is expected, things like coronavirus or any other bad news become a kind of catalyst and push the correction further. Whenever price tends to go up, the market always looks for positive news to contribute to gains.

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