Why Bitcoin Price Going Down? - page 17.

BillCoin

sr. member

Activity: 476

Merit: 259

Quote from: hugeblack on March 17, 2018, 04:26:16 AM

Quote from: spiderlee on March 16, 2018, 05:56:26 PM

Hello guys, I been holding crypto currency for many years now because I so one of many enthusiast person on crypto currency particularly on bitcoin. From its low to its highest price. But now how I see it in the charts the price is to low, Its hit 7665$ from 20000$. Why?? What Happen??
If you buy it at 20000$ for sure its a big upset on you side because you loss more that 50% of your capital.
That is why even if Bitcoin Price is to low today many investor's are afraid to buy because bitcoin myth go down more and
the loss moeny.
I know there is a lot of expert traders out there
Can you Make an Advice When I should Buy Bitcoin?
In what price bitcoin price heading now, thus it goes down? or up?
And how much money should I invest on it?

When the price was 20,000$ there was a high spam on the Bitcoin network, making only a few bought Bitquin at that price.
Bitcoin is highly volatile so no one will be able to give you a real price for this coin.
If you keep bitcoin as an investment, it is best to follow the rules below:

Do not invest recklessly just keeping the bitcoin up to high value (100,000$)
Never invest more than you lose

"only a few bought bitcoin at that price"
I tend to disagree, as the volumes at the level of 16000$ was huge compared to now, and not only that, the price stayed like that for 2-3 weeks, with all the hype going, there was a massive trading volume in bitcoin pairs, so it's not really hard to find someone who purchased his bitcoin for more then 18000$.

No one will be able to set you the price of the coin, that's right, but the market decides what's the price of something, unlike stocks where the company earnings is one of the only parameters that affect the market.

hugeblack

legendary

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Quote from: spiderlee on March 16, 2018, 05:56:26 PM

Hello guys, I been holding crypto currency for many years now because I so one of many enthusiast person on crypto currency particularly on bitcoin. From its low to its highest price. But now how I see it in the charts the price is to low, Its hit 7665$ from 20000$. Why?? What Happen??
If you buy it at 20000$ for sure its a big upset on you side because you loss more that 50% of your capital.
That is why even if Bitcoin Price is to low today many investor's are afraid to buy because bitcoin myth go down more and
the loss moeny.
I know there is a lot of expert traders out there
Can you Make an Advice When I should Buy Bitcoin?
In what price bitcoin price heading now, thus it goes down? or up?
And how much money should I invest on it?

When the price was 20,000$ there was a high spam on the Bitcoin network, making only a few bought Bitquin at that price.
Bitcoin is highly volatile so no one will be able to give you a real price for this coin.
If you keep bitcoin as an investment, it is best to follow the rules below:

Do not invest recklessly just keeping the bitcoin up to high value (100,000$)
Never invest more than you lose

genadib

jr. member

Activity: 131

Merit: 1

now its playground for whales , they push price up/down to profit , thats all

IMHO just hold you coins , dont be fooled , BTC will shoot sooner or later

passwordnow

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Leading Crypto Sports Betting & Casino Platform

Quote from: spiderlee on March 16, 2018, 05:56:26 PM

And how much money should I invest on it?

You should invest only the money that you can afford or much better if you will only invest money that is your spare. Don't try to take risk if you are unsure of what you are doing. There are people that already took their decision and decided to put their life savings to bitcoin. I'm not against with it but in your case since you don't know much so far, still DYOR.

freezzeer

full member

Activity: 451

Merit: 100

All the game between whales.Most of panic sellers support to whales for buying more BTC in cheap rate.Whales are always with BTC and USDT Cheesy

Kemarit

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Merit: 1353

Quote from: spiderlee on March 16, 2018, 05:56:26 PM

Hello guys, I been holding crypto currency for many years now because I so one of many enthusiast person on crypto currency particularly on bitcoin. From its low to its highest price. But now how I see it in the charts the price is to low, Its hit 7665$ from 20000$. Why?? What Happen??

If you buy it at 20000$ for sure its a big upset on you side because you loss more that 50% of your capital.

That is why even if Bitcoin Price is to low today many investor's are afraid to buy because bitcoin myth go down more and
the loss moeny.

I know there is a lot of expert traders out there

Can you Make an Advice When I should Buy Bitcoin?

In what price bitcoin price heading now, thus it goes down? or up?

And how much money should I invest on it?

Those who have bought bitcoin around $20000 is already gone. They already good burned as early as January-February so I guess they have exited already. And the rest who have bought at that top price who are still holding will slowly offload as well because they thought that its going to bounce back, sadly that is not the case. I guess you have heard about the Mt. Gox trustee secretly offloading shit tons of bitcoin from December up to the first week of March, that put a lot of strain in the market that's why its seems we can't really take off, heck even $12000 is really hard to get. And then there's a lot of FUD (as usual), and then governments and banks, anti bitcoin stance. I'm no expert in predicting where the price is heading, but if you are going to look at bitcoins previous record, its only proven that it has the ability to bounce back. As far as how much money you should invest, I don't think that anyone can answer that. I guess its really up to you, how much money are you willing to risk?

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: spiderlee on March 16, 2018, 05:56:26 PM

But now how I see it in the charts the price is to low, Its hit 7665$ from 20000$. Why?? What Happen??

You said that you've been an holder for so many years and now you don't know what happens? I'm sure that you have an idea on what's really happening.

Quote from: spiderlee on March 16, 2018, 05:56:26 PM

Can you Make an Advice When I should Buy Bitcoin?

After this green market, when it goes down again. Buy.

Quote from: spiderlee on March 16, 2018, 05:56:26 PM

In what price bitcoin price heading now, thus it goes down? or up?

No one knows if it will go down further or will recover soon.

Quote from: spiderlee on March 16, 2018, 05:56:26 PM

And how much money should I invest on it?

Invest only what you afford to lose.

spiderlee

full member

Activity: 448

Merit: 100

Hello guys, I been holding crypto currency for many years now because I so one of many enthusiast person on crypto currency particularly on bitcoin. From its low to its highest price. But now how I see it in the charts the price is to low, Its hit 7665$ from 20000$. Why?? What Happen??

If you buy it at 20000$ for sure its a big upset on you side because you loss more that 50% of your capital.

That is why even if Bitcoin Price is to low today many investor's are afraid to buy because bitcoin myth go down more and
the loss moeny.

I know there is a lot of expert traders out there

Can you Make an Advice When I should Buy Bitcoin?

In what price bitcoin price heading now, thus it goes down? or up?

And how much money should I invest on it?

Topic: Why Bitcoin Price Going Down? - page 17. (Read 1406 times)