opinions on downward trend | Bitcointalksearch.org

richardsNY

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Quote from: timerland on January 19, 2018, 04:57:27 AM

Bitcoin won't die, the functionality of the $20k bitcoin is the same as the bitcoin now.

But sir, my central bank told me that Bitcoin is a scam, and I think Bitcoin will crash very deep because central bank no support Bitcoin. Cheesy

It's funny how certain people are so stupid, that they can't even think for themselves. For them a dropping price means that Bitcoin is losing popularity and will become obsolete, while they completely ignore the gains we booked last year. Another thing we have seen boil heavily is the South Korean exchange ban nonsense, where the mainstream media even added fuel to the fire, and it turned out to be a hoax just to get the price to tank. If the price goes up, Bitcoin is all fine and will be nr1, while it's already nr1. Cheesy

But when the price goes down, they think governments will ban Bitcoin, or that it will get surpassed by an altcoin -- it has always been like that for people.

harizen

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For support ➡️ help.bc.game

Quote from: Jbitz2late on January 14, 2018, 12:28:50 PM

When bitcoin price is going in a downward trend what's the best way to weather the storm?

get out while you still can?

Buy alt coins?

or just wait it out?

Just like on a normal weather behaviour, it will not lasts for long period so definitely when there is a storm you will stay at home and began lurking on other things.

In crypto, a downward trend is a normal scene. Especially in bitcoin, there is no such thing as continous pump without a crash that's why we have a thing called correction to see how strong the support in a certain price level in the faced of FUD and negative speculations. Why should we get out if we have lots of things to consider that price will soon pump back. Take the price dip as entry point to make another round of buying coins. It's not a wise on the other hand to make a dump while you are already on loss. Face the risks instead.

*not applicable on other altcoins

TTITA

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Quote from: Jbitz2late on January 14, 2018, 12:28:50 PM

When bitcoin price is going in a downward trend what's the best way to weather the storm?
get out while you still can?
Buy alt coins?
or just wait it out?

Hold your current asset and ready to buying more. Down price trend has been happen many times and it will recovery even takes times, at least you understand which one coins that has great future to invest. For some people who buying Bitcoin in 2013-2014, the value it's not significant but they're still trust to holding on. Now, the price has been increasing x10 more since that year.

timerland

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Quote from: Jbitz2late on January 14, 2018, 12:28:50 PM

When bitcoin price is going in a downward trend what's the best way to weather the storm?

get out while you still can?

Buy alt coins?

or just wait it out?

Terrible idea to get out right now. It's not like it's just a small drop and you want out before the big one comes in. The big drop has already happened. We have not seen during this bull run bitcoin drop at a single time more than 50% of its peak value and we've seen it this time.

That indicates we're going to continue to go up in terms of price, it's only a matter of time before $15k and $20k are hit.

Think of bitcoin as a long term investment. Don't care too much about short term movement as it will only make an unhealthy habit. Bitcoin won't die, the functionality of the $20k bitcoin is the same as the bitcoin now. Don't panic. Keep holding. That has been proven right every time.

armansolis593

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Quote from: Jbitz2late on January 14, 2018, 12:28:50 PM

When bitcoin price is going in a downward trend what's the best way to weather the storm?

Best way is wait for the storm to be over, its not likely gonna kill bitcoin, the downtrend of bitcoin and alt coin is nothing new in the past years this was always happening.

Quote from: Jbitz2late on January 14, 2018, 12:28:50 PM

get out while you still can?

Nope, getting out and selling your bitcoin and trading it to fiat is a bad move, you should just wait because bitcoin will break even or get its price rise again.

Quote from: Jbitz2late on January 14, 2018, 12:28:50 PM

Buy alt coins?

Could be an option but regarding what coin is the problem, there may seem promising alt coin but who knows it might fall just right after you bought one.

Quote from: Jbitz2late on January 14, 2018, 12:28:50 PM

or just wait it out?

Waiting would be the best solution when it comes to bitcoin, there are many people who just patiently waiting for bitcoin to have a high price again and would probably sell all their bitcoin.

Riddikulo

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Quote from: madwica on January 16, 2018, 06:51:21 AM

Buy in is my opinion and suggestion to other users, this is what i did few hours ago, now i am seeing some of altcoin and bitcoin was already increasing its value and i am happy with the result of my decision.

This moment is not late to invest, buy bitcoin now until the value are not yet reaching 12000 dollars.

Of course, there is a downward trend. But while I remain calm, I will start to worry when the price of Bitcoin goes below 10,000 dollars.

Sharcade02

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Quote from: Kim Ji Won on January 17, 2018, 10:24:03 AM

Quote from: 1Referee on January 15, 2018, 09:05:49 AM

People with their downward trend nonsense. It's obvious that the market is consolidating, but then within a wider than average range. If you look closely, and see how repetitive the movements are between $13,000'ish and $14,000'ish levels, you will directly spot a great money making opportunity. If you time it right, you can make a decent bit of profit in just a matter of days, and quite often in less than a day. Learn to analyze the market and see how profitable these repetitive movements are for youself. As soon as we break out of this consolidation phase, these repetitive patterns will be no longer there, and thus it's time to just hold again. It's just a matter of logical thinking, really.

This is on point! Every time that the price of bitcoin is dropping drastically, a thread like this is automatic in the forum. Most of them are users who are new to the world of cryptocurrencies and don't really know what to do with their investment, so as a result, they panic. This would be a good way to earn fast money if you can't wait to see profits in bitcoin which is supposedly a long-term investment. Learn and master the technique and see for yourself how it goes.

I think they need to master the art of trading. Little knowledge of how bitcoin goes will surely bring them into a panic. We cannot blame them for that because this is their first time to handle that big amount.

Kim Ji Won

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Quote from: 1Referee on January 15, 2018, 09:05:49 AM

People with their downward trend nonsense. It's obvious that the market is consolidating, but then within a wider than average range. If you look closely, and see how repetitive the movements are between $13,000'ish and $14,000'ish levels, you will directly spot a great money making opportunity. If you time it right, you can make a decent bit of profit in just a matter of days, and quite often in less than a day. Learn to analyze the market and see how profitable these repetitive movements are for youself. As soon as we break out of this consolidation phase, these repetitive patterns will be no longer there, and thus it's time to just hold again. It's just a matter of logical thinking, really.

This is on point! Every time that the price of bitcoin is dropping drastically, a thread like this is automatic in the forum. Most of them are users who are new to the world of cryptocurrencies and don't really know what to do with their investment, so as a result, they panic. This would be a good way to earn fast money if you can't wait to see profits in bitcoin which is supposedly a long-term investment. Learn and master the technique and see for yourself how it goes.

STT

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The downtrend is not especially strong, if we refer to volume this is a panic sale not widespread all market involved sell off. If there is a demand for selling where people will accept lower prices then the price will drop especially if the buyers are also lacking but low volume means low confidence in that new price.

Its worth noting. However I havent checked every exchange, please report volume of sales you see not just price. Interested to see where this selling is most based

The Bitfenix graph shows a decline in volume, this does not help confirm the price. Normal observation on any market

Zicadis

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Dump it!!!

Quote from: Sharcade02 on January 17, 2018, 09:36:22 AM

Quote from: madwica on January 16, 2018, 06:51:21 AM

Buy in is my opinion and suggestion to other users, this is what i did few hours ago, now i am seeing some of altcoin and bitcoin was already increasing its value and i am happy with the result of my decision.

This moment is not late to invest, buy bitcoin now until the value are not yet reaching 12000 dollars.

If you had waited a little longer you would be able to buy bitcoin at 7-8K. The downtrend is not yet finished we can see that bitcoin is still going down in the market.

its not the first time neither will it be the last, we just have to brace our selves in this bad time of cryptos that is showing all are in a blood bath.
time will come for recovery no need to panic

Sharcade02

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Quote from: madwica on January 16, 2018, 06:51:21 AM

Buy in is my opinion and suggestion to other users, this is what i did few hours ago, now i am seeing some of altcoin and bitcoin was already increasing its value and i am happy with the result of my decision.

This moment is not late to invest, buy bitcoin now until the value are not yet reaching 12000 dollars.

If you had waited a little longer you would be able to buy bitcoin at 7-8K. The downtrend is not yet finished we can see that bitcoin is still going down in the market.

madwica

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Buy in is my opinion and suggestion to other users, this is what i did few hours ago, now i am seeing some of altcoin and bitcoin was already increasing its value and i am happy with the result of my decision.

This moment is not late to invest, buy bitcoin now until the value are not yet reaching 12000 dollars.

Sharcade02

newbie

Activity: 27

Merit: 0

Buy coins or just wait it out is a good option. You will not be earning if you will always be scared of this kind of downtrend most especially that the market is moving like this every now and then.

MintCondition

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Quote from: iv4n on January 16, 2018, 06:28:18 AM

Quote from: cody72 on January 16, 2018, 05:13:40 AM

Don't forget that most of the exchanges are still closed. What will happen when new investors/traders can sign up and find the BTC at the lowest point in the last few months?

Maybe that can be a reason, many big exchanges closed the doors for new customers. Today is the black day, bitcoin and alts are going down and everything is red, not even a single coins is green today, I think this can be a bottom now, or its very close. This downward trend will end soon, and we can see price rising after this storm. Who has pairs with fiat and sold yesterday or before is in profit and they wait good entry point to return in trades, now is the time for buying if you have dollars or euros or any fiat you have, hold bitcoins and alts you have.

This trend can be a great opportunity to buy more now, hold them till it arise, know that panicking sometimes leads to more dissapointment soon, so better hold and don't let yourself lose more.

iv4n

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Quote from: cody72 on January 16, 2018, 05:13:40 AM

Don't forget that most of the exchanges are still closed. What will happen when new investors/traders can sign up and find the BTC at the lowest point in the last few months?

Maybe that can be a reason, many big exchanges closed the doors for new customers. Today is the black day, bitcoin and alts are going down and everything is red, not even a single coins is green today, I think this can be a bottom now, or its very close. This downward trend will end soon, and we can see price rising after this storm. Who has pairs with fiat and sold yesterday or before is in profit and they wait good entry point to return in trades, now is the time for buying if you have dollars or euros or any fiat you have, hold bitcoins and alts you have.

cody72

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Don't forget that most of the exchanges are still closed. What will happen when new investors/traders can sign up and find the BTC at the lowest point in the last few months?

jubalix

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meh...there has to be a dump out at some point.

2011 peak dump
2013 peak dump

I am surprised it stayed as high as it did for as long as it did.

this just brings us that much closer to the next high, you know 50K to 100K in a few years.

more of the same.

the dead cat bounce will be epic, also btc / alts always fall faster than they rise to my recollection.

Rooster101

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It is still a continuing price consolidation for the bitcoin and this might be a preparation for another uptrend. The price had been fluctuating between the $13k and $14k marks for a week now and it seem to be steadied at that price range. Some recent events might also affected the bitcoin's ability to rise again and it will take time before we see another all-time high. I believe bitcoin will remain to be bearish for many weeks before it will start another climb.

chefbauer

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I dont see this as a bad thing, in fact, it is a huge opportunity to keep buying as many altcoins as you can, the price for most of them is super cheap, if i was you, i would be depositing more fiat in your wallet and then i would buy a lot of cheap tokens, lmao.

jinksters09

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While you are waiting and you want to earn while holding you need to invest in alternate coins because of there so many altcoins out there who has shown potential to keep up with bitcoin. Also, you might want to hold because you need to have patience for sure bitcoin is going to rise again just wait until the end of January 2018.

Topic: opinions on downward trend (Read 563 times)