Its only a bull trap if the overall trend is down. Thats not always been the case even recently. Sometimes it would do better to buy in even if only short term and sell later.
Rather then rely on feelings to indicate the direction of a globally traded asset, I would just look at the base prospects such as population of users, usage, utility availability in bitcoin and related apps. If all those things are rising its probably not especially negative even in the longer term. The other side to consider is the case for dollar which is the current de facto standard.
The balance of the two, old and new is what gives direction and the price is on a very long leash to that with alot of speculation of course
Topic: who else has the feeling that bitcoin will keep going down? - page 2. (Read 719 times)
I have. Everytime it goes up, I feel its a bull trap, and I dont buy. Some hours later, the trap is confirmed. This happened several times already.
in the near future the price is unlikely to grow and it adds up the impression that it sinks much lower than now
Did you just come up with this or is your opinion based on some signals? I can say with confidence that we are now at the bottom. More bitcoin will not fall. Soon speculators will not be able to restrain the growth and the price will go up. But I am not sure that the growth will be very large. It seems to me that this year bitcoin will not cost more than $ 10,000.Amen brother! ~$4,800-5,000 is average electricity costs for miners. Such scenario will be great for overall crypto market. For now the situation is sadly(
in the near future the price is unlikely to grow and it adds up the impression that it sinks much lower than now
Did you just come up with this or is your opinion based on some signals? I can say with confidence that we are now at the bottom. More bitcoin will not fall. Soon speculators will not be able to restrain the growth and the price will go up. But I am not sure that the growth will be very large. It seems to me that this year bitcoin will not cost more than $ 10,000.I don't why people get depressed by the minor fluctuations.It is just an fluctuation ,it had both positive and negative raise.Use both the situation to buy and sell the bitcoin.You have buy at low price and sell at high price for the huge profit.But it will not occur in a single day,you have to hold it to taste the sweet.
who else has the feeling that bitcoin will keep going down?
I am not against bitcoin nor do I want to spread FUD but every day I am with the feeling that bitcoin will continue to lower its price. In spite of that, I still keep my cryptocurrencies.
I am not against bitcoin nor do I want to spread FUD but every day I am with the feeling that bitcoin will continue to lower its price. In spite of that, I still keep my cryptocurrencies.
I don't feel that bitcoin will keep going down .Because we know the nature of asset will increases automatically when the demand of that asset is increased.
If the whales play role to increase/decrease in price.It will not continue not for 10 days.If the price reduced,the demands increases and impact the bitcoin price increases.
who else has the feeling that bitcoin will keep going down?
I am not against bitcoin nor do I want to spread FUD but every day I am with the feeling that bitcoin will continue to lower its price. In spite of that, I still keep my cryptocurrencies.
I think people like you who thinks negatively of bitcoin everytime the price went down has the big impact why the price keeps falling. Actually people with mind like you do are one of the reason why the price would continue to go down because of your negativity and spreading negative thoughts to other people's mind especially new investors to come and join will definitely think twice because of your negative thinking. I am not against bitcoin nor do I want to spread FUD but every day I am with the feeling that bitcoin will continue to lower its price. In spite of that, I still keep my cryptocurrencies.
Same here and I do think Bitcoin will keep on going down, this year would probably be the opposite as of what had happened last year. And it is possible that Bitcoin will keep on going down because it is already half the year and it has not reached to at least $10k yet; it is even having a hard time trying to reach that amount so I am expecting it to maybe even go lower than $5k this year.
Stoch RSI has been oversold for over 24 days now. Bounce should be coming but volume support is needed. Otherwise we'll keep bumping around 6400-6600$ range.
I am still holding if it breaks 6K for whatever reason I will add more.
I am still holding if it breaks 6K for whatever reason I will add more.
For BTC, its very unlike stock/share/FX/commodities, and thus far I have yet to see one who can predict the BTC price correctly based on charts.
Bitcoin's speculative nature is indeed full of surprises, but in some cases the probability of a major correction to happen is quite easy to point out.
Last year was the perfect example;
# Crucial $20,000 level was coming closer during a major bull run.
# CME opening = sell the news.
# Tax sales.
It still doesn't offer any guarantees, but the way higher probability was enough to convince long term holders to liquidate a large chunk of their coins, and that's exactly what they did. Smart people have bought back at least everything that they sold, but there are too many coins in circulation still from those who haven't bought back or are no longer going to buy back. As long as these coins are circulating we aren't going to see much improvement, unless an ETF pops up suddenly sparking demand.
who else has the feeling that bitcoin will keep going down?
I am not against bitcoin nor do I want to spread FUD but every day I am with the feeling that bitcoin will continue to lower its price. In spite of that, I still keep my cryptocurrencies.
I am not against bitcoin nor do I want to spread FUD but every day I am with the feeling that bitcoin will continue to lower its price. In spite of that, I still keep my cryptocurrencies.
The reality is that we will probably experience several months of price fluctuations in all cryptocurrency markets. This is what happened in 2014 and 2015 after the last crash at the beginning on 2014. The price dropped but then just bounced around in a price range of around $200 to $600 for probably a couple of years. We could see the same thing happen this time but with higher prices.
apart from that, until now there are still many users who have a feeling that bitcoin prices will come back down. especially the big investors and their new investors would expect prices to go down so they could buy more bitcoins to invest and multiply their money in the future.
9 out of 10 forumers here on BTT will say BTC is at bottom, good entry point, best bargain, etc.
I can tell you that investors aren't stupid. The stage of FOMO is over since Dec 2017 at ATH, now is the bear sentiments and BTC price won't reach even USD$10k in short or mid term.
I have been tempted to re-invest in BTC at various price points, and boy! am I glad that I didn't.
I can tell you that investors aren't stupid. The stage of FOMO is over since Dec 2017 at ATH, now is the bear sentiments and BTC price won't reach even USD$10k in short or mid term.
I have been tempted to re-invest in BTC at various price points, and boy! am I glad that I didn't.
Common sense is mostly enough to prevent you from buying wrong dips.
What I do is calculate the probability of certain levels to become strong support levels, and based on that I allocate a certain percentage of my capital to buy these dips.
From $19,000 to $15,000 is a dip, but one that you should ignore.
From $15,000 to $11,000 is a dip, but again one that you should ignore.
I started buying back with a small percentage as soon as we broke $10,500. I used a small percentage because the likeliness of this being a strong support level is low.
The most of my buy back activity happened between $6000-$8000 and I am more than satisfied with that.
For me, I don't have much common sense
I don't believe in TA charts as well. I do take note of the length of time (eg. days or weeks or months) that the BTC price had been stagnated at various support levels, and decide from there how much I would like to risk.
For BTC, its very unlike stock/share/FX/commodities, and thus far I have yet to see one who can predict the BTC price correctly based on charts.
Feeling yes, but what is it based on? I don't know, maybe the state of Bitcoin this year. A lot of bearish sentiment and a market where a bullish state was suppressed or overrun lots of times. Maybe that's how you get depressed in real life, bad news after bad news.
But in general I believe in Bitcoin and freedom through cryptography.
But in general I believe in Bitcoin and freedom through cryptography.
that feeling, all Bitcoin users must feel it so also with me. I also still keep Bitcoin in my personal wallet because I am very sure Bitcoin will rise again, even if it goes up slowly or takes a long time I will always hold it until the time comes for me to be able to sell it.
9 out of 10 forumers here on BTT will say BTC is at bottom, good entry point, best bargain, etc.
I can tell you that investors aren't stupid. The stage of FOMO is over since Dec 2017 at ATH, now is the bear sentiments and BTC price won't reach even USD$10k in short or mid term.
I have been tempted to re-invest in BTC at various price points, and boy! am I glad that I didn't.
I can tell you that investors aren't stupid. The stage of FOMO is over since Dec 2017 at ATH, now is the bear sentiments and BTC price won't reach even USD$10k in short or mid term.
I have been tempted to re-invest in BTC at various price points, and boy! am I glad that I didn't.
Common sense is mostly enough to prevent you from buying wrong dips.
What I do is calculate the probability of certain levels to become strong support levels, and based on that I allocate a certain percentage of my capital to buy these dips.
From $19,000 to $15,000 is a dip, but one that you should ignore.
From $15,000 to $11,000 is a dip, but again one that you should ignore.
I started buying back with a small percentage as soon as we broke $10,500. I used a small percentage because the likeliness of this being a strong support level is low.
The most of my buy back activity happened between $6000-$8000 and I am more than satisfied with that.
in the near future the price is unlikely to grow and it adds up the impression that it sinks much lower than now
Did you just come up with this or is your opinion based on some signals? I can say with confidence that we are now at the bottom. More bitcoin will not fall. Soon speculators will not be able to restrain the growth and the price will go up. But I am not sure that the growth will be very large. It seems to me that this year bitcoin will not cost more than $ 10,000.Well both of you are making personal speculations though it's not certain which iy would be by the end of the year. Some people are still confident that we'll go beyond the current ath. Some say we'll hit below 5 or 4k. You'll only stress yourself out thinking about all the possibilities by the end of the year
9 out of 10 forumers here on BTT will say BTC is at bottom, good entry point, best bargain, etc.
I can tell you that investors aren't stupid. The stage of FOMO is over since Dec 2017 at ATH, now is the bear sentiments and BTC price won't reach even USD$10k in short or mid term.
I have been tempted to re-invest in BTC at various price points, and boy! am I glad that I didn't.
I can tell you that investors aren't stupid. The stage of FOMO is over since Dec 2017 at ATH, now is the bear sentiments and BTC price won't reach even USD$10k in short or mid term.
I have been tempted to re-invest in BTC at various price points, and boy! am I glad that I didn't.
in the near future the price is unlikely to grow and it adds up the impression that it sinks much lower than now
Did you just come up with this or is your opinion based on some signals? I can say with confidence that we are now at the bottom. More bitcoin will not fall. Soon speculators will not be able to restrain the growth and the price will go up. But I am not sure that the growth will be very large. It seems to me that this year bitcoin will not cost more than $ 10,000.
in the near future the price is unlikely to grow and it adds up the impression that it sinks much lower than now
No I'm not since the price bounce back a little and seems currently swinging a little bit now. In short, my feelings depend on what is the last or current movement of the price. Like the recent fall, i'm thinking that the price will continue to fall but my faith is stronger that it will stop and recover.
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