Topic: What is happening with Bitcoin? (Read 446 times)

Yes, it is true that $ 8,000 has passed, but as of today, October 26, 2019 has risen to the level of $ 8,580, so it increased by $ 580, ok.

Certainly very many people predict coins this one.

Bitcoin Price Prediction 2019, 2020, 2025, 2030, 2040 - Bitcoin Future Value Prediction

Do not know...!

What do you think, sure where do you think bitcoin is this year.
If you answer, that's the real answer...!

I don’t know why people still panic easily in bitcoin investment when they should have already been so used and have the knowledge of correction that cannot be avoided, since bitcoin price has been increasing, there has never been a point where there is no correction in which the duration for the correction is what we usually cannot determined.

One thing that is very certain is that no matter how long the correction is, there will always be a day that the value will pump back too where it dumped from and even pump above it, which means that anytime that we see a dump, we should always be encouraged to buy more of bitcoin so that we can make profit either in a short term or a long term base. I know that this is the last stage of the drop now and we will begin to have some pump henceforth.

This day, bitcoin is getting down again, and even it's deeper than before. Bitcoin down at $7400 price level after the battle yesterday because of cannot hold the price at a price yesterday. This situation makes traders getting lose some money because of the down of the price. We are at the weekend, but we see the bitcoin price is down. Perhaps, we can stay away from the market for a while until the situation can get normal again so we can start to buy bitcoin at a low price. Right now, it's a good moment to buy bitcoin, but still, we need to wait for more.

If bitcoin prices still going down, then we can prepare to buy more bitcoin. I wonder if the price will get down until $7k price level or the price will wake up and increase back after the deep down of the price. Let's see what will happen in a few hours later. But the trend still going down so we must be careful to decide.

I know we are really bothered with these falls and we want to see it go up, I know I want to see it go up, it is hurting my economy right now whenever it falls and unless it goes back up to at least $8k+ in the next week I will be devastated financially.

However, that shouldn't affect our long term look at bitcoin, I can feel the pain of losing money and being in debt and what not for another month or two but in the end I know that eventually bitcoin will go up and I will make me money as well, I just have to save up as much as I can and if I can have enough bitcoins right at the correct moment then I can profit as much as I have lost as well. It is really sad to cash out bitcoin when it is low but it feels amazing to cash out when after it skyrockets.

The ups and downs of Bitcoin can be attributed to many factors and there can be some or many at a specific time. Sometimes there can be bad news on the horizon and the market is taking them in, at the same time there can be bad news that seem to have no effect on Bitcoin. I would say that there can be dips for no reason at all and analysts can have a hard time when to attribute the price movement. The overall sentiment of the market can affect the movement of Bitcoin and the sentiment can be affected by some news or some analysis made by influencers considered to be credible and trustworthy. In the past, the sentiment can be formed by FUDs and hypes but today the market has already matured and so we are becoming more discerning. Bans and scams can affect but not as they can be years ago.

The negative news like counties banning bitcoin is having lesser impact on the market than it was expected to be,  due to the fact that we are used to these news and now we are going through a phase of correction from the long time after the massive bull run at the end of 2017, I am sure the value will increase as there will be some fresh investment before the halving for the fact that the value will increase post halving. We just need to avoid panic selling in order to avoid any further dump.

News explains price moves better then just accounting for the speculation and the matching of sellers and buyers, at some point we have more sellers and price adjust downwards for a while.  Because the price is moving lower it brings about further selling, at some point we will get an adjustment and balance back to favour price ascending again but this whole cycle is normal.    Sure theres news and reasons but mostly I think of it mostly as profit taking and normal.

We failed to hold higher over night and again BTC is weaker today.   I wonder where it can resolve properly downwards and challenge support to properly put to bed the weakness in the price.   While the possibility of downwards is still there, every rise brings more selling and attempts to short probably.



Just a basic view is best and weekly bars, I think the yellow line is unlikely target though we touched that at the bottom almost a year ago.  I doubt thats occurring now but a touch of the blue line which is yearly pricing seems reasonable for a move down.   We already got capped by 200 day average and left its vicinity and have been weak since pretty much, so some flush downwards could help resolve the idea.   8k to 7k move as two rough areas of volume I think would be good to see more then just sideways or repeats.

I think the bitcoin price dropped due to the many scams and the many bad news from different countries that banned bitcoin.
The predictions rise not necessarily because the market is now bad. Many of his scams make investors afraid to invest against new Altcoins and choose to hold bitcoins.
When Bitcoin drops they sell to secure the money. Bitcoin will rise which is very likely in relation to Bitcoin is now more popular in the first appeal.

I might not have clarified myself that well with what I meant as "research". What I meant was the same as you mentioned, Analyzing and studying the market themselves. I wasn't pertaining it to simply searching the web or looking up charts and reading them like that. Simply googling about is like asking a student to study when in a sense, all he/she is doing is memorizing it and after that year, it would be forgotten. What I wanted to point out was studying in a sense where you experience it, analyze it, define it in your own world. Forget about your predecessor's analysis since you yourself have your own analysis.

Yes professional traders used their technical analysis techniques to spot bottoms and zones for buying at a cheaper price it requires a lot of expertise and experience to be able to identify those area however some times their analysis might go wrong ie price defying their analysis and move the other way but in most cases their predictions usually come to pass.

you need to have experience in this market to be able to successfully make profit. whether you do it as a job (a professional) or as a part time thing (as an amateur) doesn't make a difference. both of them require equal amount of experience.
"research" that you mentioned helps but only a very small amount. traders must actually trade and analyze the market themselves to gain experience. otherwise you'll end up filling your head with a lot of abstract theories that you don't know how to put to use.

Just a small correction, nowadays it's not sometimes it's most of the times that the prediction does not go the way it's supposed to be. As you have rightly mentioned luck does plays major role now and there are professional traders who are extensively involved in the trading wherein they have a set of algorithms which they follow like they have threshold for selling/buying and the price, profit margin etc. They operate like a small scale BPO with a fixed plan to achieve the profit against a unplanned trade.

After the huge fall and crash of bitcoin price there's always an opportunity for everybody who wanted to hold bitcoin. People who wants to buy bitcoin feels confidently that it will give them chances to own crypto at their own risk. Hopefully this motivations could give us more chance to acquire more profit once the market goes back to green days. That's up to the whales if they'll make another hype, and I think this is the best time for all of us.

Professional? I don't think so. You just need to have the basic qualities of someone who is a trader. You don't need to be a professional about it. You can be a professional artist and be a part-time trader at times and you can still trade as well as professionals without being one of them. Research and predictions are all that is needed when trading and well pretty much luck as well. No matter how extensive research is, sometimes it just doesn't go that way. Luck can be a huge factor to trading after all.

If not up and down maybe bitcoin wouldn't attract traders to do trading activity. When bitcoin up and down so people can get profit from it and maybe they think it is better because stable coin will really hard to make big profit.

The price of bitcoin is so normal its been drop then eventually goes up again.
Bitcoin price are not stable goes down and up so its normal to us that the price of bitcoin is gonna be up and down.

Bitcoin is not volatile by design what it happens is that since the supply of bitcoin is fixed to a certain formula it cannot be adjusted to match the demand like what it can happen with fiat currencies, so the demand has been always been the indicator to watch to try to tell what the price will do during the next days or weeks, if the demand is low you can be sure the price will go down and if it is high then the price will begin to slowly go up.

The recent drop is being linked to the underwhelming response of bakkt. But now we need to watch the lower $7000s levels to see where this market is heading as there is significant buying volume there. Bitcoin made significant gain of 8% from the bottom of $7600. But still the picture isn't really clear. There is a chance of 78.6% retracement which will take the price to $5400. We need to see whether bulls can exhaust bears or descending triangle gets breached. There is significant volatility ahead as both bulls and bears will try to takeover.

I'm pretty sure that some people probably predicted what was going to happen but it was probably just luck since there are millions of predictions made every month about what bitcoin is going to do, so by probabilities some of those predictions have to be right, now it is very clear that at some point the price will recover, what we do not know is if it is going to happen immediately or if we are going to see another decrease in the price of bitcoin, if you are not sure what to do then do nothing and do not enter the market right now.

Normally the bottoms are usually the previous resistance and also the support. $8k must have support which now is the bottom. Its not guaranteed to be accurate but all these are speculations in the chart. No trading system has won it all, prices changes drastically specially when a news from regulators are going to affect the trading decisions of the traders.