Topic: I'm officially sick of the bitcoin price right now... - page 7. (Read 3197 times)

Chill man, I know it's painful to see the price getting down but you must get used to it. You just been into bitcoin on September and by that time the price was moving upward so you quite didn't experience some dips. Maybe next month or on March, just hold your bitcoins and stay away from price checking.

Not all the time price will be on a downfall chart so you just have to relax after this storm it will be pumping again. Big pumps does have an opposite of big dips and this healthy.

When the crash started a month ago I figured it would take until end of January or early February to break $20k, because the two crashes from last June/July and Sept/Oct each took roughly a month and a half to break the ATH. Though this time it looks like it might be a bit weaker and take a bit longer...though part of that is probably because the run up during this last bull run was so insane. I don't know if it'll go down further than the $11k it is at now, but I sure hope it doesn't. It seems this current break downwards is due to China and Korea news/rumors of this past week. When people get over that it should start going back up. It was at $17k just what like a week ago or so.

Right now I'm thinking my prediction of hitting new ATHs and initiating the next bitcoin bull run at beginning of February is probably a bit too soon. But I think February is likely to be an uptrend for bitcoin. Not sure if it'll quite break $20k in February but I do think we'll get out of this bear market and the price will start testing the high teens it entered in December.

Though of course this is all just a guess. But with probably a hundred thousand or so new people getting into crypto every day this bear market can only last so long.

I'm going to ignore your 'only people with over a year's experience' and give my answer anyway. I joined in a similar time to you actually. You might remember a similar event happening when China banned ICOs. Such things always hit the market but the market recovers, the other similarity is that they both probably came at a time when a correction was needed in the market. Now if you look at the growth of bitcoin say on a weekly graph it's quite clear there was some exponential growth around December and that this correction seemed quite likely, you can look back over the forum and a lot were saying it even then. How long we will take to recover is a difficult question, to 20k+ I think it could be a month or more, even as long as 3 months or so. Back to 14k-15k (about where the price should be in my opinion) I suspect in less than a week. If you check out the graph and remove december's blow up you can see the trend would put as somewhere from 12-16k in price. Anything below 10k seems too low and I don't think we'll see that and hence the bottom is near in my opinion, it will take another big shock to the market to see that breached. 50k is probably about the upper limit of where bitcoin can go this year in my opinion. We won't experience another year like last and you shouldn't be expecting such a year.

Then get the fuck out of here, if you are "sick" just like you are saying, then i guess that you really want to suicide because the price has dropped a "little" just leave, and it would be much more healthier for the entire community in here.

When cryptos go down, they are on sale. If you buy the dips and HODL, you'll be ahead of the game in the future. A very small percentage of the world is even in the crypto space, so as they come in, the volume along with the prices will increase. Just need to be patient.

There is no mercy in the world of cryptocurrency,for most it is just about how to make more money.When big pump is start at beginning of last year smart people know that a big correction will take place,but for all new users who boarded the ship at full speed all this today looks very strange.Ship is slowing down and sometimes are even moving backwards,waves are too high and it seems that the ship will sink.

For some this is bad times,for others time of great opportunities.No one can say when something would change for better or worse,it is risk which must be taken when investing in BTC or any other risky asset.

First of all, this "sideways" movement has involved fluctuations of 15% or more in single days. For any other asset that kind of volatility would be insane. The price skyrocketing prior to that was not the "norm". That was highly unusual, and furthermore, unwarranted. There is no reason to think that bitcoin will go back to that previous upward trend before dropping significantly. Every time that bitcoin has skyrocketed like it did over the months that brought it from around $1k to $20k, it has subsequently crashed by 60-80% or so. I don't see a reason to think that this will not happen again. I do see reasons that it could potentially crash even harder than that though.

Y'all must have bought in high, well at least its still double digits 

And I'm officially sick of newcomers who have been using Bitcoin for couple of months and got very angry and disappointed when they didn't make thousands of dollars and became rich over night.
Get a life somwhere else, this is not for you.

also china and korea stopping the exchanges doesnt help at all with the whole situation

Its suck to see the bitcoin price can't go up, but all of us must accept it, last time the rising is too fast so bitcoin will have major corrections and there are numerous investors play in alt coin, because alt coin is very profitable at the moment and the news make the bitcoin situation become worse, need to relax and be patience, once btc breakout we will see another ATH

To be honest, this sideways trend could be because there is not much good news about Bitcoin at this time. Once updates about the lightning network are broadcasted, I think it will give a positive market sentiment that's strong enough to move prices up.

Thats why dont gamble your all money in bitcoin only because you cannot predict what happens in next day,next month, or next year seeing the price of bitcoin right now is so complicated because too much people also loss profit or loss there money but who knows if one day bitcoin will rise again and continue to increase price so just believe that bitcoin will do it after struggle like the situation in life sometimes you go down sometimes you go up. Patience to bitcoin because patience is a virtue.

You are sick because of the current price/trend?

What you don’t understand is that bitcoin investment has been too good. Before cryptos appeared, no asset was giving such insane returns, and if something similar appeared, it was likely to be a fraud or Ponzi scheme.

I’m quite cool with the price right now.

I started buying at around $800 on the way to $200 and it's still the best investment I've ever made.  Hold and chill until it's worth more.  This could be 2018 or 2020's or never.  If you are itching to get rich tomorrow start studying alt coins or some other way to cash in.  

There is nothing to be sick here but of course if you entered Bitcoin at its highest 20K then it might be a different story. We have been expecting Bitcoin to continue doing the bull run and we forget the reality -- the reality is that it can not be continually growing at all time. There would always be a bear market and we are experiencing it now...but am sure that after the bear the bull will be coming and it is just a matter of when. As they say, winners never quit and quitters never win...the same thing can be said with our Bitcoin adventure.

Then you stop investing on bitcoin if all you want for the price is to be stable because your way is never going to happen because we are in a buy and sell industry.

You can't realistically expect Bitcoin to keep growing indefinitely. The growth since September was astronomical -- should-have-taken-some-months astronomical, so you can think of the current market as having sudden spike while remaining relatively smooth the rest of the way as opposed to months of gradual rises.

Either way, I personally don't expect any significant upward movements until the Lightning Network is officially for adoption. I don't think there's much good news to be had at this point, with the massive fees and such, while plenty could happen on the other end. The next couple of months could be rough.

The past few days, I've also felt devastated of the price of bitcoin. I've been used to the bullish trend of 2017 which made me expect the price to come up the past few days. Since I've been fairly new in bitcoin as well, I can't say that I've had much experience, but even for those seasoned veterans who have had plenty of experience cannot exactly predict the price trend of bitcoin. Even those came late in bitcoin may be able to speculate if they get to research and study well.

I dont care how long as long as the network becomes stable, dont you think its a good time to buy since the price it much lower than the previous days, or maybe you have taken a loss from the market, is that reason why so you mad?

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If you are officially sick about the price then move along and forget bitcoin or maybe you can try some alts so that you wont overthink yourself about bitcoin (its good to have some diversion sometimes).

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Well my estimate it would be back to $20k at 2020, the irony right, lets not rush things over the price of bitcoin, its good that it has a large value but it also have a side effect in its price, whats important is that it should become stable first this 2018 so that we can do micro payments again.

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My point of view is that people who get angry because from $20k it when down almost $10k and currently its $12,9-- been moving up and down.
Patience is all you need, long time traders of bitcoin doesnt care is the price went down because they knew that its buying time and there will be a day that they can profit on the lower price because bitcoin is so volatile.