Topic: opinions on downward trend - page 2. (Read 563 times)
The best thing is to read all the news that you could. Sometimes is just the market correction, but could be something bigger like a massive baning like it was on China. Know what could be affecting the price is better them just start saying hold or things like that.
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?
this is the best way i think exit when the price drop then by altcoin instead of waiting for the growth of bitcoin . Then convert your altcoin to bitcoin or buy bitcoin when the price is growing . Or hold both if it has the same circumstances which both price is increasing to gain much profit. get out while you still can?
Buy alt coins?
or just wait it out?
Downtrend? I don't see a downtrend there but if the above chart was to break into a downtrend, you might see levels as low at $3K which could be reached in a year or so. It could also break up and see $30K. The soft support at $13500 seems very stubborn. Usually when bitcoin enter's the bear market it's very sharp and deep and you know within days of the ATH that the bear market is on. The bear market entry doesn't just drag on for an entire month. This is uncharted waters.
LOL, now that's funny, on a log scale any chart will look pretty bullish if it tanks (tanking thousands of dollars is only a slight tick on the chart).
I dont believe there's a downward trend. Bitcoin is inside both a bearish channel and a bullish channel, so it will be swinging up and down. This can be good for trading alts, if they follow a opposite pattern.
Seems that sgbett was right, after all. Bitcoin will be swinging between 12k and 16k. That is, until LN is implemented.
I dont plan to use LN myself, but if this unclog the network, mining fees can go back to 100k satoshis per kb, which will be good for those who plan to move his bitcoins to a new wallet (to claim forked coins, which will be by the hundreds in some months).
It`s not a downward trend, now when its all over it`s easy to speak about it and make analyses. Bitcoin price had it`s peak on 19.000$, many people cashed out, and waited price to drop to buy more like it did. Price in past few days is around 14.000$ give or take, but nothing big is happening and its all the stability that we can see from bitcoin. This year just started, wait a bit and many things that were announced will happen, and soon we will see upward trend. Seems that sgbett was right, after all. Bitcoin will be swinging between 12k and 16k. That is, until LN is implemented.
I dont plan to use LN myself, but if this unclog the network, mining fees can go back to 100k satoshis per kb, which will be good for those who plan to move his bitcoins to a new wallet (to claim forked coins, which will be by the hundreds in some months).
If fees can with any miracle go down that will mean a lot for all of us. If that happen bitcoin will become very strong currency, and many people who left bitcoin cause of high fees will return.
This downtrend of bitcoin will for sure were seeing of ath soon. This downtrend market the best thing to do is to hold and wait for the price to rise. You know in this fluctuating of bitcoin daily Im confident it will not take long in this bearer market.
Downtrend? I don't see a downtrend there but if the above chart was to break into a downtrend, you might see levels as low at $3K which could be reached in a year or so. It could also break up and see $30K. The soft support at $13500 seems very stubborn. Usually when bitcoin enter's the bear market it's very sharp and deep and you know within days of the ATH that the bear market is on. The bear market entry doesn't just drag on for an entire month. This is uncharted waters.
When bitcoin price is going in a downward trend what's the best way to weather the storm?
get out while you still can?
get out while you still can?
YES PLEASE, LEAVE THE MARKET. By this way we are going to have less people with WEAK HANDS again!!
This is great for all of us guys! Came on, if you do not trust in bitcoin, just leave the market, just see the charts by yourself and you are going to see that this pattern has already been repeated more than dozens of times.
Do not be afraid, of just sell everything and you will need to pay for your losses, lmao.
I would call this a sideways trend. The 13k - 17k channel has been tested a few times in the last few weeks and the price is hovering around there. I don't see the price going any lower and it ay be a clear sign of some upcoming bullish movement in the near future. We'll just have to wait and see. Last week BTC was heading into the 17k range but the South Korea FUD forced it down a little. I'm thinking without that barrier it might have started moving up again.
The problem with people is that they have insane expectations of the market. If it was up to these people, the market should go up without an end in sight, but it doesn't work like that. You just have to accept that the market can't and won't always keep going up, especially not when there isn't anything new or exciting ahead of us in the very short term. If you want constant action, then make sure you are invested in both Bitcoin and altcoins. If Bitcoin isn't giving you that action, you'll always have altcoins to entertain you, and of course vice versa since it works both ways. I personally choose to wait for Bitcoin just like I have always been doing -- I'm not interested in altcoins.
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?
get out while you still can?
Buy alt coins?
or just wait it out?
If you know it's going to continue then sell up and look to reenter later, if you are unsure of that then just hold it out and weather the storm, often I sell alts and hold bitcoin as it seems to fair much better when values are falling.
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?
get out while you still can?
Buy alt coins?
or just wait it out?
For the majority of bitcoin's history I would have told people "If you believe in it, just hold". For a long term investment you should not be trying to trade your position. That being said, bitcoin's scaling problems have become more and more apparent recently. If you believe in cryptocurrency, I would recommend finding an alt coin that is technically superior to bitcoin. Personally, though, I think this is a huge bubble and buying into crypto right now would be a mistake.
I dont believe there's a downward trend. Bitcoin is inside both a bearish channel and a bullish channel, so it will be swinging up and down. This can be good for trading alts, if they follow a opposite pattern.
Seems that sgbett was right, after all. Bitcoin will be swinging between 12k and 16k. That is, until LN is implemented.
I dont plan to use LN myself, but if this unclog the network, mining fees can go back to 100k satoshis per kb, which will be good for those who plan to move his bitcoins to a new wallet (to claim forked coins, which will be by the hundreds in some months).
Seems that sgbett was right, after all. Bitcoin will be swinging between 12k and 16k. That is, until LN is implemented.
I dont plan to use LN myself, but if this unclog the network, mining fees can go back to 100k satoshis per kb, which will be good for those who plan to move his bitcoins to a new wallet (to claim forked coins, which will be by the hundreds in some months).
When bitcoin price is going in a downward trend what's the best way to weather the storm?
you only have only 2 clear options.
1. hold
2. sell before the bottom and go to fiat
obviously if you are a trader then option #2 is for you. but you should make sure to sell soon because every second that passes it becomes late to sell and if you sell late you will be the last one out who got dumped on
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Buy alt coins?
this is a terrible choice because history has proven that altcoins have a tendency to get dumped each time bitcoin goes down.
If BTC had to crap out, it would have already done so. As you can see there is very strong demand for BTC which is why the price hangs around 15k or so even with ridiculously high transaction fees. BTC is very very resilient.
Best way right now is to HODL as it has always been.
Lightning network please!!!!!
Best way right now is to HODL as it has always been.
Lightning network please!!!!!
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?
get out while you still can?
Buy alt coins?
or just wait it out?
I choose to wait it out, but there is no right or wrong answer. I’m always confident that Bitcoin will recover, but if you think you can time the market, there is nothing wrong with selling to buy back lower or trading to buy cheap altcoins.
One thing that makes me do less trading and more holding is the new tax law in the US where we will be taxed on every trade even between cryptocurrencies.
Yes. Much better to wait it out. The market is very bearish and its really hard to predict when the price is going to increase. So its much better not to do anything, unless you needed the funds then you don't have any options but to sell.
We are unlucky that the market started this way in 2018, but based on last year, we have also seen this kind of price movement, but at the end of the year bitcoin pushes to almost 20K. Patience is the key here and do not panic.
For me, I would prefer to convert it first into USD just to stabilize my earnings and get in the boat again after the dip or convert to alts.
If you have that much patience enough to hold it tightly, the best is to hold and just calm. I'm a trader that's why profit is important for me
If you have that much patience enough to hold it tightly, the best is to hold and just calm. I'm a trader that's why profit is important for me
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?
get out while you still can?
Buy alt coins?
or just wait it out?
I choose to wait it out, but there is no right or wrong answer. I’m always confident that Bitcoin will recover, but if you think you can time the market, there is nothing wrong with selling to buy back lower or trading to buy cheap altcoins.
One thing that makes me do less trading and more holding is the new tax law in the US where we will be taxed on every trade even between cryptocurrencies.
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?
It totally depends on each individual. If you are not a trader, there is no point getting out, all you just need to do is to wait it out as there is really no way you would have known if the value was going down and how to follow trend to make your decision and you can end up making the wrong move. Normally if you did not get out at peak, and buy back at dip, there is really no need selling for loss.get out while you still can?
Buy alt coins?
or just wait it out?
Also, during bitcoin consolidation, altcoins usually have a good time, so you can decide to make some profit from them but choose wisely, otherwise, just sit down and keep laughing at how the price keep swinging as you have nothing to worry about.
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.
Yep, every day I am watching closely and I see daily the same thing (multiple time during the day often). There is always this $1,000-$2,000 gap
i.e.
It's doing this since during the ~$18,000 period approximatively. There is a lot of money to make daily if you do it smart.
When bitcoin price is going in a downward trend what's the best way to weather the storm?
get out while you still can?
Cash out for fiat currency when you can not wait for the cryptocurrency to recover, bitcoin and most of the altcoins will likely to recover within days or weeks.get out while you still can?
Get out isn't a good way in this case as fluctuation is a normal thing in crypto-market, just watch over the latest news of bitcoin in some countries.
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Buy alt coins?
Yes, you can allocate your funds to some potential altcoins such as bcash, ethereum, monero or some cheaper coins such as waves, iota, aion, xrp or xlm and much more.Quote
or just wait it out?
For real hodlers, it's the best way due to bitcoin will regain its value and tend to rise over time, bitcoin won't let you down as long as you can be patient for the storm to pass. Jump to: