Relax, its just a hard market reset | Bitcointalksearch.org

upsidedown75

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Quote from: ASHLIUSZ on March 13, 2019, 05:00:55 AM

The past year 2018 was predicted to make a big change in the market scenario. In specific the focus was towards ethereum, and to the expectation nothing big happened. Things took place in the opposite way reaching low to two digit value. As in the above quote we've got more chances to reach big around $10000, but everything will be known by the end of first quarter value.

The market operate in a funny way that sometimes, it does opposite of the prediction and funny enough, no one predicted the BTC to go the that high in 2017, but we suddenly saw an increase in the price which actually attracted more investors, because I know of few investors that started rushing to buy when bitcoin was above 10k with the hope and speculation that it was heading toward $100K by the end of 2018, but what did we see ?

We saw the reversal that people are yet to recover from. For now, it’s hard to really tell when BTC will go that high again, all figures on net are just speculations without tangible fact but it is very sure that it will not go bearish trend again as it has already reached its bottom.

Oilacris

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Quote from: Kevin77 on March 13, 2019, 03:56:34 PM

This keeps happening and people keep reminding themselves market does have a market reset time to time. Yeah when bitcoin reaches to 4200 and tries higher and fails than the following will be a market reset for sure, we gotta get used to it, just because price went from 4200 to 3800 do not think bitcoin is dying or something, its expected.

A price can't sustain to stay at 4200 if it can't go any higher, trying 7/24 to go higher is not realistic. You try it and if you fail going higher than you fall back, than you try it again and you fall back again. That is how financial markets work, there is support and resistance and you try your resistance and if you fail you drop to your support. Instead of fearing the support levels, use it to buy bitcoins and use resistance to sell bitcoins to make more profits.

There would be always a fall back when the price tends to go up for a percentage yet to consider that there are lots of shorters out there who do make orders on 3800 and
sell out on 4200 which it do normally affect the entire market. A usual stuff that do happen that's why this market is always been volatile. Gradual increase is much more preferable than
to see huge spikes and dumps.

Kevin77

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This keeps happening and people keep reminding themselves market does have a market reset time to time. Yeah when bitcoin reaches to 4200 and tries higher and fails than the following will be a market reset for sure, we gotta get used to it, just because price went from 4200 to 3800 do not think bitcoin is dying or something, its expected.

A price can't sustain to stay at 4200 if it can't go any higher, trying 7/24 to go higher is not realistic. You try it and if you fail going higher than you fall back, than you try it again and you fall back again. That is how financial markets work, there is support and resistance and you try your resistance and if you fail you drop to your support. Instead of fearing the support levels, use it to buy bitcoins and use resistance to sell bitcoins to make more profits.

ASHLIUSZ

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Quote from: arpon11 on March 13, 2019, 03:57:10 AM

Quote from: davit putra on March 10, 2019, 12:10:29 PM

Optimist indeed needs to make us more patient for market conditions that are still in a difficult situation, keep holding and remain calm for 2019 there is hope the market will improve.

This 2019 the market is definitely going to improve and we would do ourself good if we keep holding or even buying more. The market is going to recover from the current hard reset that op said it is doing now and that means we should keep hope with the market in other to be able to make some profit when it finally recovered. For me we should expect bitcoin to grow towards $10,000 this year and early next year another bullish trend that should push bitcoin above.

The past year 2018 was predicted to make a big change in the market scenario. In specific the focus was towards ethereum, and to the expectation nothing big happened. Things took place in the opposite way reaching low to two digit value. As in the above quote we've got more chances to reach big around $10000, but everything will be known by the end of first quarter value.

arpon11

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Quote from: davit putra on March 10, 2019, 12:10:29 PM

Optimist indeed needs to make us more patient for market conditions that are still in a difficult situation, keep holding and remain calm for 2019 there is hope the market will improve.

This 2019 the market is definitely going to improve and we would do ourself good if we keep holding or even buying more. The market is going to recover from the current hard reset that op said it is doing now and that means we should keep hope with the market in other to be able to make some profit when it finally recovered. For me we should expect bitcoin to grow towards $10,000 this year and early next year another bullish trend that should push bitcoin above.

Upgrade00

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Relaxing and exercising patience is easier said than done. Especially for those who did not experience that previous bull run and probably both in at the very top and are at huge losses. But it's the only option right now, hodling and waiting for a spark to trigger a bull run

Oceat

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Quote from: dodgrad on March 10, 2019, 01:21:25 PM

Quote from: davit putra on March 10, 2019, 12:10:29 PM

Optimist indeed needs to make us more patient for market conditions that are still in a difficult situation, keep holding and remain calm for 2019 there is hope the market will improve.

In the current market situation, patience is the most important thing. Signs of change in trend are beginning to appear, but no one can be sure that this is the end of price drops. At any time you can see another panic sell and the market reset will last for at least a few months more.

For most people, patience is the hardest part for them to sustain especially if the market situation is very opposite to what they have been expecting. It's not all the time the market would be on the top, it would go bottom anyhow no matter what we have to expect because this is how people do the trading. Someone must win and someone must lose, it is just like a give and take.

dodgrad

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Quote from: davit putra on March 10, 2019, 12:10:29 PM

Optimist indeed needs to make us more patient for market conditions that are still in a difficult situation, keep holding and remain calm for 2019 there is hope the market will improve.

In the current market situation, patience is the most important thing. Signs of change in trend are beginning to appear, but no one can be sure that this is the end of price drops. At any time you can see another panic sell and the market reset will last for at least a few months more.

peter0425

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Quote from: maxreish on March 10, 2019, 06:20:16 AM

Never lose hope. We can already see how the market is recovering. If this is what you called the 'market reset', then we can still refrain from our negative emotions. Glory days are coming if it'll break the resistance at $4,100, then bullish trend can be expected.

There's a lot of positive upbeat in the last couple of days and bitcoin is not closing again to that $4k barrier. I do hope this time though that we can stay and maintained or even goes to $5k in the next couple of months so definitely we need to stay positive as bear season might be over and the bulls are ready to retake the market again. Which means that we will see some changes around the last quarter of 2019 and start 2020 with a bang specially with the bitcoin block halving.

davit putra

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Optimist indeed needs to make us more patient for market conditions that are still in a difficult situation, keep holding and remain calm for 2019 there is hope the market will improve.

maxreish

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Never lose hope. We can already see how the market is recovering. If this is what you called the 'market reset', then we can still refrain from our negative emotions. Glory days are coming if it'll break the resistance at $4,100, then bullish trend can be expected.

Cherylstar86

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Quote from: maydna on February 04, 2019, 07:26:18 PM

Quote from: Tagus45 on February 01, 2019, 10:48:35 AM

To remain calm is the most difficult thing at the moment, because the market is too worried, maybe we should have a mental steel to survive in the current situation.

We are still trying to survive in the bear market because we want to see the bull market comes. Meantime, I agree that we need to relax and better to leave the market for a while and we can use our time do another activity. But don't forget to install software/apk in our android phone so we can watch the price anytime. Besides that, we need to control our mind to let the market moving and don't get stress when something cannot happen as we want because the market can move to any price.

Market reset is part of market growth and in generating profit. It is not something to worry much about because such condition is not going to stay that long. Don't stress yourself on this current situation of bearish market, we must have prepared ourselves from the start that such scenario occurs at an unexpected time. Calm down and trust that it can potentially bounce back.

lelylely

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Good thoughts, it's true we don't need to worry too much about the decline, and those who still hold will be winners with big profit prizes. The most important thing now is to have patience.

maydna

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Quote from: Tagus45 on February 01, 2019, 10:48:35 AM

To remain calm is the most difficult thing at the moment, because the market is too worried, maybe we should have a mental steel to survive in the current situation.

We are still trying to survive in the bear market because we want to see the bull market comes. Meantime, I agree that we need to relax and better to leave the market for a while and we can use our time do another activity. But don't forget to install software/apk in our android phone so we can watch the price anytime. Besides that, we need to control our mind to let the market moving and don't get stress when something cannot happen as we want because the market can move to any price.

Wilhelm

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Quote from: chulos on January 30, 2019, 01:37:45 PM

Hello, you read my mind. Exactly the same i think. Patience is the key to profit, in this crypto machine. Do not sell under stress and under the influence of intimidating factors - that the price will go down.
It can also be taken from the more positive side - after every drop, growth will come.

+1 HODL

BitHodler

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Quote from: shoreno on February 03, 2019, 08:21:20 AM

relax ? Lol . how can i relax if im only depending on the cryptos as my main source of income . others are also feeling the same way as i but at the end of the day , all we can do is to sit down and wai for something good to happen .

It may sound harsh, but it's entirely your fault that crypto is your only source of income. If others feel the same, then it shows how people are wasting their time waiting for improvement.

Sitting down waiting for the market to go back up is such a bad attitude. Why don't you look for ways to generate income in a completely different way? Crypto won't run away, whenever it goes up you still benefit.

Do something to improve your situation instead of complaining about the market. This bear market could drag on for the rest of the current year. Start looking around you for other income sources.

basty03

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Quote from: goaldigger on January 16, 2019, 11:58:10 PM

Being optimistic 101. Find possible positive things in all situation. I assume that this market dip is just a hard reset of the market's value where 'virus' or unworthy investors, mostly those who panic sell, forced to withdraw their account because of the dip. With this, all weak accounts will be perished and all remaining strong holders go on to victory. After it has been cleaned, we could now enjoy green fields on our wallet. 2019 will be great again for us crypto holders. Stay focused.

I agree because this bear market will not be longer. We just need to be patience and also be positive in any situation especially in the crypto that is risky but we know that give us a great profit as long you k ow to manage it. So be relax it will be alright again its just hard reset.

barota

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The reason for the falling prices that appeared in late November is People also do not have the spirit of courage, whether they are traders or big investors. And companies. And even others
Fear tears everyone
It's like cursing
Even business developers do not have solutions for such difficult times
From up 10000 usd per 1 btc to now, and the river does not want to stop the rapid and destructive flow into a large and empty area that does not affect anything

I do not know if the boys under the age of ten are now trading or !؟

I am sure that everyone. Participate in this bad thing selling at this price . fuck the whale where is devlopers of this currency of internet bitcoin

bitmain miner fuck this ! you can back and support bitcoin?
mtgox fuck this !

Humans are a group of people who multiply on Earth and they do not cooperate Huh

Time is very fast
Everyone is responsible

shoreno

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relax ? Lol . how can i relax if im only depending on the cryptos as my main source of income . others are also feeling the same way as i but at the end of the day , all we can do is to sit down and wai for something good to happen .

If there is the one that can relax , that would be the busines man ( e.g traders , investers ) because they can still buy crypto at a lower cost even if they cant sell for profit .

wendiar19

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Quote from: budiarmed on January 27, 2019, 01:08:27 PM

If the market does reset again, I hope the market can return as soon as possible. I will be patient and hopefully in 2019 the market will recover.

I do not believe that the market conditions are very easy to die, surely there will be good news that can make the market conditions recover, but for 2019 this will not happen until the end of the year which may occur due to the influence of halving bitcoin.

MFahad

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Quote from: goaldigger on January 16, 2019, 11:58:10 PM

Being optimistic 101. Find possible positive things in all situation. I assume that this market dip is just a hard reset of the market's value where 'virus' or unworthy investors, mostly those who panic sell, forced to withdraw their account because of the dip. With this, all weak accounts will be perished and all remaining strong holders go on to victory. After it has been cleaned, we could now enjoy green fields on our wallet. 2019 will be great again for us crypto holders. Stay focused.

I hope your views and statements are correct and we are able to see bull run in 2019. If you see the current situation of bitcoin price you will see it is no difference for last 2 months and we are unable to cross 4000$ significantly. The Major reason is that there is no big news which can help bitcoin grow at a very good rate and bears are still more dominant in this market.

Tagus45

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To remain calm is the most difficult thing at the moment, because the market is too worried, maybe we should have a mental steel to survive in the current situation.

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what you say is true that some weak people will sell their assets at a very cheap price because they panic and some still hold their assets because they realize that selling at a low price will only make them lose.

chulos

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Hello, you read my mind. Exactly the same i think. Patience is the key to profit, in this crypto machine. Do not sell under stress and under the influence of intimidating factors - that the price will go down.
It can also be taken from the more positive side - after every drop, growth will come.

deisik

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Quote from: South Park on January 30, 2019, 10:41:07 AM

Quote from: maydna on January 24, 2019, 08:48:12 PM

Somehow, I agree with the OP. In 2018 and the beginning 2019 is a market reset to clear off the weak hands so the market can get stabilize at the moment. Bitcoin needs solid support, and it will come from the true believer in bitcoin and not for people who don't believe in bitcoin for a long time. How bitcoin can grow higher if the support is not giving full power regard in believe that bitcoin can go up and come back to the higher price again.

This explains why the price is not going down that much anymore, the bears are still trying to crash the price even further but now no one is selling, the people that are left are not going to sell their bitcoin for such a low amount of money, this indicate to us that we are close to the bottom, if we had not reached it already, this is good since from now on everyone that invest in the market will only get profits if they can hold their coins long enough for the recovery to happen

Actually, that depends (whether it is good or not)

If selling running dry is not followed by demand taking over, it is neither here nor there. But in a bear market and in a general downtrend, there will be always be someone willing to sell and that'll be more likely than someone willing to buy, statistically. Further, there is also an undeniable impact on prices produced by short selling (which is rampant in a bear market), and while some consider it irrelevant in the long term (which I'm inclined to agree with), we can't deny the downward pressure that shorts make on price in the short term

South Park

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Quote from: maydna on January 24, 2019, 08:48:12 PM

Somehow, I agree with the OP. In 2018 and the beginning 2019 is a market reset to clear off the weak hands so the market can get stabilize at the moment. Bitcoin needs solid support, and it will come from the true believer in bitcoin and not for people who don't believe in bitcoin for a long time. How bitcoin can grow higher if the support is not giving full power regard in believe that bitcoin can go up and come back to the higher price again.

This explains why the price is not going down that much anymore, the bears are still trying to crash the price even further but now no one is selling, the people that are left are not going to sell their bitcoin for such a low amount of money, this indicate to us that we are close to the bottom, if we had not reached it already, this is good since from now on everyone that invest in the market will only get profits if they can hold their coins long enough for the recovery to happen.

exstasie

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Quote from: Barcode_ on January 27, 2019, 07:59:08 AM

I think it might take a long time for the whole crypto-currencies trading market to recover because VanEck-SolidX has already withdrawn their bitcoin ETF proposal from the SEC.

The market hardly blinked an eye when the application got withdrawn. What makes you think it's so important?

Quote from: Barcode_ on January 27, 2019, 07:59:08 AM

In my opinion, I think there are a lot of investors who are still waiting for the first bitcoin ETF to be approve by the SEC before they are willing to invest their money into crypto-currencies, I am already mentally prepared to hold all of my bitcoins in my wallet in year 2019, and I will wait patiently while watching the movement of the trading market this year.

Maybe some investors are waiting for an ETF, but those investors were never relevant to the market. If an ETF gets approved, they'll buy. If not, they'll stay irrelevant. It's not like they own bitcoins to sell and drive prices lower.

We went to $20K with no ETF, so there's no reason we need an ETF to recover from the bear market that followed.

MuffinMaster

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It is possible that prices will no longer fall, but I do not expect increases. I think that for a minimum of several months on the cryptocurrency market, we will observe price stabilization and horizontal line on charts.

Oilacris

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Quote from: budiarmed on January 27, 2019, 01:08:27 PM

If the market does reset again, I hope the market can return as soon as possible. I will be patient and hopefully in 2019 the market will recover.

I wouldn't expect it to recover this year but there is a higher possibility that it will regain back in 2020. Bearish trend will continue to find its way along this whole year and might see another bottom in the following months.
2017 was a crazy hyped year where prices rose to unimaginable price thats what we have now.

budiarmed

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If the market does reset again, I hope the market can return as soon as possible. I will be patient and hopefully in 2019 the market will recover.

Barcode_

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Quote from: mirakal on January 27, 2019, 12:15:28 AM

I would think the same, we are on a hard reset now and soon price will be back to normal.

We have been in a hard situation now and all we can do to stay is just to convince ourselves, though the likeliness of happening is very slim
but we never loss hope. Being optimistic is all we have to be now, think about the past on how it survive, and believe that we can totally repeat the history.

I think it might take a long time for the whole crypto-currencies trading market to recover because VanEck-SolidX has already withdrawn their bitcoin ETF proposal from the SEC. In my opinion, I think there are a lot of investors who are still waiting for the first bitcoin ETF to be approve by the SEC before they are willing to invest their money into crypto-currencies, I am already mentally prepared to hold all of my bitcoins in my wallet in year 2019, and I will wait patiently while watching the movement of the trading market this year.

myohmy81

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Quote from: goaldigger on January 16, 2019, 11:58:10 PM

Being optimistic 101. Find possible positive things in all situation. I assume that this market dip is just a hard reset of the market's value where 'virus' or unworthy investors, mostly those who panic sell, forced to withdraw their account because of the dip. With this, all weak accounts will be perished and all remaining strong holders go on to victory. After it has been cleaned, we could now enjoy green fields on our wallet. 2019 will be great again for us crypto holders. Stay focused.

Yeah the fight must go until we achieve our goals in this technology. The road to success is not easier but we need to stay focus and attentive on our investment as we don't know what will be the outcome while the market is still in bearish trend. I'm optimistic that this year will be much better than last year and we need to take advantage to accumulate more coins as we can for a better profits once the market returns to a bullish. Those who will stay patience will get rewarded in the right time.

mirakal

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I would think the same, we are on a hard reset now and soon price will be back to normal.

We have been in a hard situation now and all we can do to stay is just to convince ourselves, though the likeliness of happening is very slim
but we never loss hope. Being optimistic is all we have to be now, think about the past on how it survive, and believe that we can totally repeat the history.

timerland

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Quote from: goaldigger on January 16, 2019, 11:58:10 PM

Being optimistic 101. Find possible positive things in all situation. I assume that this market dip is just a hard reset of the market's value where 'virus' or unworthy investors, mostly those who panic sell, forced to withdraw their account because of the dip. With this, all weak accounts will be perished and all remaining strong holders go on to victory. After it has been cleaned, we could now enjoy green fields on our wallet. 2019 will be great again for us crypto holders. Stay focused.

It's really not about being optimistic. It's about being rational.

We know that we are in a period of a market reset, and that has happened basically throughout every single asset that is traded on the free market, and since the existence of bitcoin. Bear markets aren't anything abnormal and doesn't suggest anything fundamentally wrong about bitcoin.

All it is is a necessary correction from an overheated bull market of 2017, leading to prices dipping and market activity faltering. If you invest in bitcoin in the long run, or as a hedge against fiat, you shouldn't be panicking. Even though I don't expect 2019 to be the year a bull market emerges, I do think that it is a matter of time before prices recover, since bitcoin adoption especially on an institutional scale as increased despite this bear market.

ngusmin

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I feel hope is mixed with doubts about fairly difficult market conditions, Just hope that for 2019 the movement can increase.

Taki

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Is there any button which could help me to follow this thread till the end of the year and see will the prognoses come true or not.
Anyway I'm agree with you that currently only new traders are living the market with looses just because of their experience with bitcoin ends by one or two previous years, the years of successfully growth. But bitcoin died for many times already and those people simply do not know it or do not understand.
In the end I am sceptical about this year as about positive one, but I'm ready to hold and raise my founds as much as it needs.

deisik

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Quote from: exstasie on January 21, 2019, 02:39:05 AM

Think about December 2017: By that time, everyone was bullish and shorters had mostly given up (we were seeing sub-10K short levels on Bitfinex). Everyone had already bought, or in other words there were no buyers left to sustain prices at $20K. So the price crashed

This is just a theory

I don't necessarily disagree with it, but there is another theory which claims that the surge in prices was entirely artificial (remember 2013 and Gox times, anyone?) due to Bitfinex issuing new tethers like there was no tomorrow. So if this is what actually happened, you theory that "everyone had already bought" and "there were no buyers left" goes straight out the window as it was just Bitfinex stopping the proverbial printing press. If they didn't, we would likely see prices like 30k, 40k and so on, with no lack of buyers. Obviously, it would inevitably end in a catastrophic crash sooner or later anyway, but it is an entirely different matter

iqlimasyadiqa

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Quote from: jeromix on January 25, 2019, 03:14:10 AM

Quote from: Adriano2010 on January 23, 2019, 06:44:37 PM

I hope that this year we can have a higher price for bitcoin, at least 10,000$ and that the price will stay over for a long, but not one can know when this will happen. Maybe after Bakkt is launched and investors will start buy bitcoin.

Yeah we are still dreaming for now because the real market price for bitcoin is 3K USD something and that is not really good or we are still in the bear market. The bear market has taken some time already this is why I understand that many are longing to get a good market price for bitcoin in the near future.

The bear market at this time has made many people panic, everyone is frightened when the price of bitcoin has decreased dramatically. I am optimistic that some time later the price of bitcoin will gradually recover and the price of bitcoin will reach rates of more than 5,000USD. This is sometimes like a dream, but I believe because bitcoin sometimes makes things that seem impossible to become a reality. the opportunity to invest in bitcoin is indeed so great, which determines our success, whether we are always ready to face all the possibilities that will occur or not.

Barbut

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Quote from: South Park on January 24, 2019, 04:18:21 PM

Quote from: goaldigger on January 16, 2019, 11:58:10 PM

Being optimistic 101. Find possible positive things in all situation. I assume that this market dip is just a hard reset of the market's value where 'virus' or unworthy investors, mostly those who panic sell, forced to withdraw their account because of the dip. With this, all weak accounts will be perished and all remaining strong holders go on to victory. After it has been cleaned, we could now enjoy green fields on our wallet. 2019 will be great again for us crypto holders. Stay focused.

True, but you are asking one of the most difficult things for an investor, you are asking them to stay positive and to not worry when many of them are losing more than half of their investment, those that can do it will definitely be rewarded but we need to admit is difficult, just look at how other markets move and you will see investors panicking over losses that compared to what we have gotten are not that big so while I agree with your advice I can see why others are panicking and leaving the market.

If you wish to be correct some investors lost 90% of their investments, I`m talking the about the people who bought on top in december 2017. This is not the first time, same happened to people in 2013. Every market has this huge dips, same happened with many new inventions in the past, with internet, amazon, even apple. Not everyone is panicking, as I see many people still work a lot in cryptospace.

talkbitcoin

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i prefer calling it a "transition" phase and humans have always had trouble with transitioning because they always resist change. and being in a downtrend for over year has accustomed them to certain things which now they are resisting to give up and come back to reality.
so it would take time for this trend to change and the reversal to start and price to go back to the "rising mode" that it really belongs to.

jademaxxiss012

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In this market where one could see a huge market price fluctuation could definitely will create a panic. The panic could be able to identify since its market price has fall down for more as recorded in this present market. I do not think that there is a hard market reset because this is all about business or money matters where early investors has already taking out their profit.

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Quote from: Adriano2010 on January 23, 2019, 06:44:37 PM

I hope that this year we can have a higher price for bitcoin, at least 10,000$ and that the price will stay over for a long, but not one can know when this will happen. Maybe after Bakkt is launched and investors will start buy bitcoin.

Yeah we are still dreaming for now because the real market price for bitcoin is 3K USD something and that is not really good or we are still in the bear market. The bear market has taken some time already this is why I understand that many are longing to get a good market price for bitcoin in the near future.

maydna

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Somehow, I agree with the OP. In 2018 and the beginning 2019 is a market reset to clear off the weak hands so the market can get stabilize at the moment. Bitcoin needs solid support, and it will come from the true believer in bitcoin and not for people who don't believe in bitcoin for a long time. How bitcoin can grow higher if the support is not giving full power regard in believe that bitcoin can go up and come back to the higher price again.

South Park

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Quote from: goaldigger on January 16, 2019, 11:58:10 PM

Being optimistic 101. Find possible positive things in all situation. I assume that this market dip is just a hard reset of the market's value where 'virus' or unworthy investors, mostly those who panic sell, forced to withdraw their account because of the dip. With this, all weak accounts will be perished and all remaining strong holders go on to victory. After it has been cleaned, we could now enjoy green fields on our wallet. 2019 will be great again for us crypto holders. Stay focused.

True, but you are asking one of the most difficult things for an investor, you are asking them to stay positive and to not worry when many of them are losing more than half of their investment, those that can do it will definitely be rewarded but we need to admit is difficult, just look at how other markets move and you will see investors panicking over losses that compared to what we have gotten are not that big so while I agree with your advice I can see why others are panicking and leaving the market.

el kaka22

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I think people are getting to the correct mindset of bitcoin, looking at this topic we can clearly see many many people who realize that bitcoin could both go up or go down and it wouldn't be a shock to any of us. The price changes constantly because its bitcoin and that is what it does, it doesn't even require any news to change as well right now, its just purely speculation without regulation.

Look at the price today, nothing changed, if you didn't know any better you would say it is another day in bitcoins life cycle however today the ETF that everyone was expected got withdrawn from consideration so the big ETF news everyone was waiting for got cancelled but the price didn't moved a single bit. Which means bitcoin is becoming self aware and that is amazing for all of us.

iMark

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Quote from: elloco4ever on January 22, 2019, 05:11:37 AM

Quote from: normanz on January 21, 2019, 01:48:45 PM

It is difficult to predict the market in 2019, many argue that the market will recover soon but market conditions are not much different. And I prefer to sit patient and accept the possibilities that will occur this year.

You are right, we need to accept whatever happens in cryptocurrency. As this will always favour who have patience, there are lot of speculation regarding the pump this year but the market is unpredictable. Anyways let's believe crypto will pump this year.

we must realize that this price change is reasonable because of fluctuations, do not be consumed and affected by speculation or fud. just relax or leave the market if you're not ready for this, you're right just believe that prices will definitely rise again, it's a cycle that is sure to happen to the bitcoin market

Adriano2010

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I hope that this year we can have a higher price for bitcoin, at least 10,000$ and that the price will stay over for a long, but not one can know when this will happen. Maybe after Bakkt is launched and investors will start buy bitcoin.

2chase

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It seems to me that 2019 might not justify the hopes of those optimists who are counting on strong Bitcoin growth this year. I believe that the hopes of many experts that he will be able to overcome the $ 15,000 mark are unrealistic in the current market conditions. I believe that he grows to 10,000, but not higher.

BrewMaster

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Quote from: BitHodler on January 21, 2019, 06:46:49 PM

It has always been difficult to predict the market, this year is definitely not different. If you look closely at the charts, we're still settling lower highs, which is something you should continue to expect this year.

you can't say the market is unpredictable then at the same time predict it with "expecting" something. Wink

but kidding aside the market is really unpredictable specially at this point. the only thing you can do is to look at the previous times and see how the reversal happened in those times. although past is not the indication but it is all we have for now. and so far it seems like most traders loved the 2013 bubble and aftermath enough to prolong this bubble aftermath similarly. so it is not unthinkable to say they will repeat the recovery too.
in which case we can expect another massive dump and a sharp reversal resulting in breaking some big resistances. in which case all these low highs and low lows become meaningless.

elloco4ever

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Quote from: normanz on January 21, 2019, 01:48:45 PM

It is difficult to predict the market in 2019, many argue that the market will recover soon but market conditions are not much different. And I prefer to sit patient and accept the possibilities that will occur this year.

You are right, we need to accept whatever happens in cryptocurrency. As this will always favour who have patience, there are lot of speculation regarding the pump this year but the market is unpredictable. Anyways let's believe crypto will pump this year.

Idrisu

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Quote from: goaldigger on January 16, 2019, 11:58:10 PM

Being optimistic 101. Find possible positive things in all situation. I assume that this market dip is just a hard reset of the market's value where 'virus' or unworthy investors, mostly those who panic sell, forced to withdraw their account because of the dip. With this, all weak accounts will be perished and all remaining strong holders go on to victory. After it has been cleaned, we could now enjoy green fields on our wallet. 2019 will be great again for us crypto holders. Stay focused.

I have been in this cryptocurrencies system for long time now and I do agree with you and what you have said. It is a temporary reset and correction and it is not going to last forever. Cryptocurrencies market has behave like this before and we should know that in all of this time recovered strong and I believe that the samething is going to happen again.

xuan87

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We all know that this is the big correction from the 2017 effect but it had been a long time and the price keep on failing, it's normal for people to become frustrated, but if we can be patience then we can still make some profit, it will need a lot of time before the market could become stable

BitHodler

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Quote from: normanz on January 21, 2019, 01:48:45 PM

It is difficult to predict the market in 2019, many argue that the market will recover soon but market conditions are not much different. And I prefer to sit patient and accept the possibilities that will occur this year.

It has always been difficult to predict the market, this year is definitely not different. If you look closely at the charts, we're still settling lower highs, which is something you should continue to expect this year.

In a smaller time frame it might look like we're up for a recovery, but when you zoom out, you'll see that we're still going down despite the small leg up. It's going to take a while to bottom out.

Most of what we see right now is purely algorithmic trading activity, and the whales people think are manipulating the price are just bots. In other words, it's all automated where the larger dumps are the result of triggered stops.

Xardasim

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I think so, we should choose a positive side for ourselves in all bad situations. More rapid development of recent changes prevented us from more loss. Reds woke up us from sleep and taught a lesson about how to manage our risk. On the other hand, this could be a chance for all of us, maybe we will not return that price again.

normanz

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It is difficult to predict the market in 2019, many argue that the market will recover soon but market conditions are not much different. And I prefer to sit patient and accept the possibilities that will occur this year.

wuvdoll

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Quote from: goaldigger on January 16, 2019, 11:58:10 PM

Being optimistic 101. Find possible positive things in all situation. I assume that this market dip is just a hard reset of the market's value where 'virus' or unworthy investors, mostly those who panic sell, forced to withdraw their account because of the dip. With this, all weak accounts will be perished and all remaining strong holders go on to victory. After it has been cleaned, we could now enjoy green fields on our wallet. 2019 will be great again for us crypto holders. Stay focused.

This is not some sort of market that is run by corporations and regulations and what not. This is bitcoin and only thing that decides what the price is people. When we say it worth a lot than it worth a lot and when we say it doesn't worth this much than the price goes down.

Obviously, not what people "say" is the matter here, it is what people "do" is the matter and when they do something they actually change things and prices. That is why they "say" is a bit important as well, if they say something but don't do it than it is of course not important however if they say what they will do and actually do it than that's important. This market is run by people all by itself and the price goes up and down according to what we think it will do and that is why what people say has a bit of importance.

exstasie

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Quote from: pooya87 on January 21, 2019, 01:21:42 AM

what people think, or more precisely what they "say they think" is not an indication of what is going to happen next.

It's obviously not a sure thing, but it gives us some idea about market sentiment. Investors and traders are biased: when they're holding, they expect higher prices and after they've sold, they expect lower prices.

Think about December 2017: By that time, everyone was bullish and shorters had mostly given up (we were seeing sub-10K short levels on Bitfinex). Everyone had already bought, or in other words there were no buyers left to sustain prices at $20K. So the price crashed.

pooya87

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Quote from: thecodebear on January 20, 2019, 05:48:12 AM

I would agree the market has been cleansed of weak hands. There are still plenty of people though that think the price will fall, which is why prices will stay in this bottom range for a while, because while there is lots of buying there are just as many people who sell in the 3000s because they think the bottom isn't in yet and it'll crash to the 2000s or even the 1000s this year. The longer it stays in the 3000 range the fewer people who are still in the market will attempt to short it trying to get lucky on a lower price.

what people think, or more precisely what they "say they think" is not an indication of what is going to happen next. otherwise price should always stay the same or go in one direction only because at all times there are a lot of people who only think price is going to go in that same direction. for example in 2017 when price was struggling to break the ATH of 2013 and fell, there were A LOT of people who were saying they think price will continue to go down and reach $200 again.

bittraffic

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Quote from: aris av on January 20, 2019, 04:24:06 AM

I want the market to stabilize and crypto prices to rise again, but no one knows that in 2019 it will rise or not. And in the current difficult conditions, I chose to be patient in holding on to it.

One thing is for sure though, you in the other hand will have the chance to collect more BTC today than the days when BTC goes more than $19k. I think I'd be grateful to see it that way that I have gathered about 3BTC for myself to keep due to this market reset. The next cycle would be more than $20k.

figmentofmyass

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Quote from: 1Referee on January 20, 2019, 05:40:32 PM

Quote from: figmentofmyass on January 20, 2019, 04:42:32 PM

i expect to plunge below the 200wma but i'm also expecting a fast recovery, same as 2015. consecutive weekly closes below the 200wma and i'd be shitting pants myself. that would indicate a stronger downtrend than ever before. a very temporary loss of support followed by a v-shaped recovery would be the ideal---that would be characteristic of a bear market ending.

The main difference is that at current levels there is much more buy support needed to keep the price at certain levels, while that was less of a problem years ago with prices hovering at levels less than a tenth of the current price. There is very little dept in the books as we speak, while there was no shortage of support during the hype of 2017.

I really expected things to be different after nearly a decade of existence, but we're experiencing the exact same pump and dump cycles unfortunately. My fault I guess.

hehe, i think we're still a few bubble cycles away from that sort of market maturity. you've gotta admit, bitcoin has incredibly strong prospects but there are also still many, many unknowns about future utility and adoption. hence, pump and dump cycles. during the bubbles, the sky is the limit. during the crashes, the only limit in sight is zero.

in 2014-15 in the $200s, i remember looking at the books and always feeling like we were on the edge of a cliff. so i'd expect the same at this point in the cycle too.

b3j0

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Quote from: Taki on January 20, 2019, 04:34:16 PM

The point is that the number of micro amount holders is big and such massive cashing out can shake the market seriously.
We all hope this year will be green for bitcoin, but I'm not so optimistic and getting ready to hold for long.

the feeling of optimism slowly began to disappear because the market conditions did not improve, many investors felt disappointed and frustrated because of this condition.

Caladonian

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Quote from: goaldigger on January 20, 2019, 05:39:20 PM

Quote from: Dreamchaser21 on January 20, 2019, 09:27:15 AM

Quote from: DeathAngel on January 20, 2019, 04:27:28 AM

It’s a simple correction of which we’ve seen a few times already in the past, a big correction of 70%+ usually is followed by a lengthy period of sideways price action (which you should use for accumulation).

More time before we finally recover and this is indeed an opportunity to accumulate strong coins. We should not panic and instead believe that this is just a big correction that will reverse in the future. 2019 is still not sure for cryptomarket to pump, just hope for the best this year.

One way of promoting buy low sell high strategy together with a cup of hope for everybody. Bitcoin will continue to exist so dont be to stressed to think about its extinction. Buy some until its low instead. Once it goes up, the opportunity doesnt that good anymore. Buy now or regret later.

Make a good position while the price still down, this resets gives good opportunities for every person who wanted to have a long term investment, as we seen that the value still flat no clear pattern to indicate what can be the next run, but experience will dictates to those who able to catch up few years ago, this scene already been there before, believing that it will continue the sway and after the downtrend it will followed by the uptrend, who knows how strong bull can be after being awaking from this long bearish,.

STT

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Quote from: Taki on January 20, 2019, 04:34:16 PM

The point is that the number of micro amount holders is big and such massive cashing out can shake the market seriously.
We all hope this year will be green for bitcoin, but I'm not so optimistic and getting ready to hold for long.

I'm very bullish on Bitcoin so long as it remains a currency of the people not large industry. So long as its about the bits and the micro amount holders as you call it, this is a solid base to draw from.

The wider a project has in its population, the greater the natural and justified growth it can realise. I'd apply this to anything but think of any company and its biggest attempts to draw people into using its product. Its a massive deal to increase your users and especially just raise awareness of your product and its advantages.

Bitcoin whatever people want to label it as, has advanced in its number of users and without ever spending giant amounts like Coke has to we have established a brandname in peoples minds. Thats invaluable and its an ongoing effects. If bitcoin ever loses that trend of raising its profile then I will be less bullish long term. The price is all secondary to this and not a reason for people not to use the product, no other product is less used because price falls tbh

1Referee

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Quote from: figmentofmyass on January 20, 2019, 04:42:32 PM

i expect to plunge below the 200wma but i'm also expecting a fast recovery, same as 2015. consecutive weekly closes below the 200wma and i'd be shitting pants myself. that would indicate a stronger downtrend than ever before. a very temporary loss of support followed by a v-shaped recovery would be the ideal---that would be characteristic of a bear market ending.

The main difference is that at current levels there is much more buy support needed to keep the price at certain levels, while that was less of a problem years ago with prices hovering at levels less than a tenth of the current price. There is very little dept in the books as we speak, while there was no shortage of support during the hype of 2017.

I really expected things to be different after nearly a decade of existence, but we're experiencing the exact same pump and dump cycles unfortunately. My fault I guess.

goaldigger

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Quote from: Dreamchaser21 on January 20, 2019, 09:27:15 AM

Quote from: DeathAngel on January 20, 2019, 04:27:28 AM

It’s a simple correction of which we’ve seen a few times already in the past, a big correction of 70%+ usually is followed by a lengthy period of sideways price action (which you should use for accumulation).

More time before we finally recover and this is indeed an opportunity to accumulate strong coins. We should not panic and instead believe that this is just a big correction that will reverse in the future. 2019 is still not sure for cryptomarket to pump, just hope for the best this year.

One way of promoting buy low sell high strategy together with a cup of hope for everybody. Bitcoin will continue to exist so dont be to stressed to think about its extinction. Buy some until its low instead. Once it goes up, the opportunity doesnt that good anymore. Buy now or regret later.

figmentofmyass

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Quote from: 1Referee on January 20, 2019, 04:31:10 PM

I'm fairly certain that the most persistent weak hands are still in. If you want to tempt them to dump, have the price touch $2xxx levels, and you can be sure that we'll see a high volume selloff. People have too much faith in the 200 wma which seems to be holding the price up, but breaking it would make even the more senior hodlers out here poop their pants.

i expect to plunge below the 200wma but i'm also expecting a fast recovery, same as 2015. consecutive weekly closes below the 200wma and i'd be shitting pants myself. that would indicate a stronger downtrend than ever before. a very temporary loss of support followed by a v-shaped recovery would be the ideal---that would be characteristic of a bear market ending.

Taki

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The point is that the number of micro amount holders is big and such massive cashing out can shake the market seriously.
We all hope this year will be green for bitcoin, but I'm not so optimistic and getting ready to hold for long.

1Referee

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Quote from: exstasie on January 20, 2019, 02:07:54 PM

How do you know? If we had seen a classic capitulation (in the technical sense) I'd be more likely to agree. Since there was none, and because sentiment is still a mixed bag between "hope" and "despair" I really doubt all the weak hands are gone yet.

I'm fairly certain that the most persistent weak hands are still in. If you want to tempt them to dump, have the price touch $2xxx levels, and you can be sure that we'll see a high volume selloff. People have too much faith in the 200 wma which seems to be holding the price up, but breaking it would make even the more senior hodlers out here poop their pants.

If you look at 2017, then you can see how there was enough time (7 months to be precise) for people to buy coins between $1000 and $3000, so there might still be a large number of weak hands to get rid of. I hope it won't happen of course, but if it happens anyway, then it happens. I'll happily buy more coins below $3000 if the opportunity presented itself.

bitcoin31

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Thanks for the motivation that you given to us to continue our journey here in crypto world. Because other people don't have trust to cryptocurrency becaude they already lost more money to cryptocurrency. Let's get back again the people trust to cryptocurrency to earn more money. I don't like reset turn back to what value in the year 2009.

Oceat

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People should be thinking this way to stop stressing too much on themselves because they won't see the bull run for a little while. It could be a hard reset since the price is way too cheaper compared to the last ATH but it is still expensive if we prefer it to the previous longest declined in history.

exstasie

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Quote from: thecodebear on January 20, 2019, 05:48:12 AM

I would agree the market has been cleansed of weak hands.

How do you know? If we had seen a classic capitulation (in the technical sense) I'd be more likely to agree. Since there was none, and because sentiment is still a mixed bag between "hope" and "despair" I really doubt all the weak hands are gone yet.

BrewMaster

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Quote from: DeathAngel on January 20, 2019, 04:27:28 AM

It’s a simple correction of which we’ve seen a few times already in the past, a big correction of 70%+ usually is followed by a lengthy period of sideways price action (which you should use for accumulation).

i wouldn't call it "simple" correction though!
we already had about 85% drop which took more than a year and the trend is not yet reversed. nothing about this is "simple". a simple correction would have been a normal bear market that lasted 6 months with about 30% correction (or worst case 50% since this is still a small market) followed by a month or two of accumulation and then slow rise.
what we had was mostly like a year of shoring and then manipulating the market to get those shorts filled.

Rub3n

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Thank god for market resets, more cheap coins to buy! Grin

khufuking

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I think the panic seller is already gone from a long time, and these market conditions are forcing the true believer to make some moves to obtain some liquidity, you forget that the true believers are all-in when it comes to Crypto whether trading, investing, holding, mining, and so on. When a mining farm closes down due to not be able to cover their expenses for more than 1 year and not only that but they in fact in a huge loss, we can't really say they are unworthy investors. There are real worthy investors that forced to make some liquidation due to market condition.

The only good thing that this downtrend achieved is filtering scam and bad ICO, I feel that investors are making a lot of effort now when researching the projects they are investing in, I hope that this an awareness filtering and not just a thing that will void once the market starts to go up again.

Dreamchaser21

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Quote from: DeathAngel on January 20, 2019, 04:27:28 AM

It’s a simple correction of which we’ve seen a few times already in the past, a big correction of 70%+ usually is followed by a lengthy period of sideways price action (which you should use for accumulation).

More time before we finally recover and this is indeed an opportunity to accumulate strong coins. We should not panic and instead believe that this is just a big correction that will reverse in the future. 2019 is still not sure for cryptomarket to pump, just hope for the best this year.

sunsilk

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Quote from: buwaytress on January 20, 2019, 07:38:50 AM

Thought I'd seen all the terms already used but we keep finding new ways to put our emotions in play, I guess!

I'm done thinking that 2018 was the shaking of the weak hands and we've used this term for so many times. We're really looking for a reason to think that everything's okay and to keep us encourage.

I'm still thinking of other things to encourage myself and I've been firm that I really believe that this is just the gateway and entry for a better market. We're not yet full so there's more to come for bitcoin, the fact that we're still in bear market still plays on most minds.

buwaytress

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Thought I'd seen all the terms already used but we keep finding new ways to put our emotions in play, I guess!

I could agree with the hard reset analogy, if we see back to past cycles of boom and decline, definitely makes sense and easy to see that hard resets were behind the past declines. But if we do agree with that, then surely 2019 is too soon? Stagnating reset periods have gotten longer and longer. 2020 would be the earliest.

thecodebear

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I would agree the market has been cleansed of weak hands. There are still plenty of people though that think the price will fall, which is why prices will stay in this bottom range for a while, because while there is lots of buying there are just as many people who sell in the 3000s because they think the bottom isn't in yet and it'll crash to the 2000s or even the 1000s this year. The longer it stays in the 3000 range the fewer people who are still in the market will attempt to short it trying to get lucky on a lower price.

I wouldn't expect too much for 2019 though. The bottoming out phase of the last cycle lasted some 9 months. If we say this one started two months ago when it dropped into the 3000s then it could easily be Summer or maybe even Fall before the price finally moves bottom range and starts moving up for good. Good advice is treat this year as an accumulation year (especially the first half of the year) and don't expect solid gains until next year. I don't think we'll see $10k again until probably early 2020.

dodgrad

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Quote from: DeathAngel on January 20, 2019, 04:27:28 AM

It’s a simple correction of which we’ve seen a few times already in the past, a big correction of 70%+ usually is followed by a lengthy period of sideways price action (which you should use for accumulation).

Will we call it a reset, or the correction it is about the same. The market was full of investors who do not know what Bitcoin is for and only invested in the fact that their neighbor advised. It ended how it ended. Probably everyone of them sold at a loss and we start the game from the beginning.

DeathAngel

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It’s a simple correction of which we’ve seen a few times already in the past, a big correction of 70%+ usually is followed by a lengthy period of sideways price action (which you should use for accumulation).

aris av

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I want the market to stabilize and crypto prices to rise again, but no one knows that in 2019 it will rise or not. And in the current difficult conditions, I chose to be patient in holding on to it.

pooya87

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well it is not about "optimism" in my opinion it is all about whether or not you see any potential in bitcoin. if you believe the adoption is just starting then you should also expect the price to continue to rise up because of it and have no worries about these short term dips. if you don't see that potential then you shouldn't even be here!

as for weak hands i believe they are out, and right now the market is mostly controlled by the whales since even other investors are staying away because they don't want any involvement in manipulated market. and $3k range is heavily manipulated price.

adaseb

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Well from what most people are saying. The weak hands are not out of the market. Instead of taking a loss, withdrawing their funds and moving on with their life. They do the complete opposite and become bitcoin bears.

The social media, this forum, various trollboxes are all saying BTC and ETH are Ponzi's and they are shorting until $1K. They are using high leverage and are absolutely certain that BTC will go down. Basically trading on emotion instead of technical analysis.

And what usually happens when the general retail market is short? A big short squeeze followed by a huge FOMO rally. Then it might drop again however.

STT

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Thats a given, market is resetting but the big debate is to what price does it go before buyers match sellers for a more stable price. The most bearish against BTC want to argue that there is no stable price possible to agree due to its highly virtual nature and the argument being there is no base worth.
The most bullish believe BTC has such a fast velocity to its circulation it will always be used in transactions and be superior to Dollar which is a digital currency also. Most of the worth to be argued is in the non centralised worth and its global nature above one economy

eminemcookie

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You could be right, but after clearing out those people the market would inevitably take time to recover. Even the most ardent of believers will have their doubts at times and their confidence will have taken a knock with all of the price dips. I know that I am personally less bullish than this time 1 year ago. At that point I was aware a price dip was coming but not when, but I did think the price action was a sign of long-term bullishness. I am still bullish now but a year with little good news takes its toll.

Kemarit

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Quote from: goaldigger on January 16, 2019, 11:58:10 PM

Being optimistic 101. Find possible positive things in all situation. I assume that this market dip is just a hard reset of the market's value where 'virus' or unworthy investors, mostly those who panic sell, forced to withdraw their account because of the dip.

This market dip because we have bubbled in 2017. So once it burst, there's no stopping as the panic sellers was forced to minimized their losses. Or just investors who really don't know what to do in the bear market and chooses to bail out while they can.

Quote from: goaldigger on January 16, 2019, 11:58:10 PM

With this, all weak accounts will be perished and all remaining strong holders go on to victory. After it has been cleaned, we could now enjoy green fields on our wallet. 2019 will be great again for us crypto holders. Stay focused.

Definitely, the market has been cleansed already, however, it doesn't mean that we will automatically see the market recovering the soonest this year because there's no money coming as well. We need to be patience as the market will be having a hard time bouncing back if their is no catalyst to push the price and make a reversal.

btc_angela

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Quote from: goaldigger on January 16, 2019, 11:58:10 PM

Being optimistic 101. Find possible positive things in all situation. I assume that this market dip is just a hard reset of the market's value where 'virus' or unworthy investors, mostly those who panic sell, forced to withdraw their account because of the dip. With this, all weak accounts will be perished and all remaining strong holders go on to victory. After it has been cleaned, we could now enjoy green fields on our wallet. 2019 will be great again for us crypto holders. Stay focused.

It's actually a correction that we've been witnessing for the past year and I think those panic sellers have sold all their coins. However, we are not out of the bear market and we might not see the market goes on full recovery this year as well, not to burst the bubble but don't put too high expectations so that you won't get disappointed at the end. Just take advantage of every opportunity to book profits. But if you're not comfortable, then don't force yourself.

TravelMug

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I really like your optimism though, maybe the weak hands got burned and already out of the market since last year. What's left is the whales and speculators, who keeps on shorting bitcoin that's why the price is having a hard time taking off.

But I would agree that we need to be positive and optimistic that we will soon see a good bounce. Not necessary all time highs, but at least we should move further away from the last bottom of $3.2K.

fibrolit

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Unfortunately, no one can predict how cryptocurrency rates will behave in 2019. On the one hand,I absolutely agree with you, the market has cleared itself of many random fellow travelers. On the other hand,while there is no state regulation, there will be no clarity in the prospects of market development.

goaldigger

sr. member

Activity: 2422

Merit: 357

Being optimistic 101. Find possible positive things in all situation. I assume that this market dip is just a hard reset of the market's value where 'virus' or unworthy investors, mostly those who panic sell, forced to withdraw their account because of the dip. With this, all weak accounts will be perished and all remaining strong holders go on to victory. After it has been cleaned, we could now enjoy green fields on our wallet. 2019 will be great again for us crypto holders. Stay focused.

Topic: Relax, its just a hard market reset (Read 19527 times)