Topic: Your opinion about the fall of bitcoin - page 17. (Read 2196 times)
I think everybody saw this one coming. No one just believed because bitcoins are that good, they said. I guess when the hype is gone and only true fans of bitcoins will remain. A lot more has abandoned ship and cut their losses big time. Can't blame them though.
I am proud to say that I am a holder of Bitcoin for few years now although last December I have made a decision of withdrawing some of it and converting it into cash. I know that with the current situation of bitcoin I know that 19000$ is a one big time situation and it would barely come to this value again. Hence, withdrawing some of my Bitcoin does not give me regrets even if the value would have raised more than that today.
If you have converted all or some of your BTC into USD in December then you have taken one of the right decision.
Now you have the great opportunity to buy back the BTC in the huge dip. Not everybody has the ability to take a decision at the right time.
But I'm disagreeing with the word "barely" you have used regarding BTC rise. In my opinion, BTC will hit back again harder because it has that potential.
Don't get me wrong but your word "barely" creating uncertainty regarding BTC rise again.
A fall below $ 7,950 on the bitfinex will make it clear that the markup is not valid, because wave 2 can not fall below wave 1. This will be very bad.
Today's market cryptocurrency shows positive signs after successfully rising about 20% from the bottom especially bitcoin with more than 20% up from around $6.5k (around $2k increase/day). It may take up to March for bitcoin to reach above $10k, this is due to FUD still felt by some investors since it crashes for more than 4 weeks.
There is a lot of fud in the market right now, plus it was time for a correction! I am not worried about the BTC price though, it will definitely bounce back to new ATH. However, I think it will take longer than people are anticipating. This is not just a one week dip, its a bear market that will probably last several months if not longer imho
I think about falling its bitcoin, probably because of its persaingn factor alone, so do not assume too quickly the negative with its falling bitcoin, we should be able to think fositive that bitcoin will be in the top position again.
A fall below $ 7,950 on the bitfinex will make it clear that the markup is not valid, because wave 2 can not fall below wave 1. This will be very bad.
There's so many reason why Bitcoin and Altcoins are falling at the same time not everytime bitcoin will rises its value there's a dump stage in every coin hard pump and the other reasons are the Whales or big traders are getting profit and making another strategy to make other investors gets panic during Dump stage and due too chinese new year are near chinese are withdrawing their bitcoins to get ready for this event and other investors know what happen that's why they dump their BTC too but don't fall on panics because that's just a part of bitcoin successful pumps soon.
Its a necessary correction, and this historically happens every before the chinese new year, media are taking advantage spreading bad news around crypto, and guess what, as long as you know the fundamentals inside crypto you dont have to fear this dip, for this wont be long, and everything will go back to normal, this happens to every market in the world, so whats new.
This really looks bad to see bitcoin price falling
as allot of expert analyst predicted bitcoin will
go down in price value this year.
as allot of expert analyst predicted bitcoin will
go down in price value this year.
It is normal to see that bitcoin is falling down and having a correction because just think about the run of bitcoin from the last month of the year 2017 and as you can see that there is no correction and it has a huge run and that is why we are suffering but you all know what to do, which is buy and buy, keep buying and wait for the new all time high.
A fall below $ 7,950 on the bitfinex will make it clear that the markup is not valid, because wave 2 can not fall below wave 1. This will be very bad.
The hype is dead. I think it is high time bitcoins came down from its throne and make a new seat for the coming cryptoking. At least bitcoins had a good run these past few years specially 2017 when it peaked at around $25,000. I guess we'll have to wait for another bitcoin hype or miracle at least.
The drop in the value of Bitcoin has been really severe, but two things to bear in mind there has been a January to February fall in prices in each year since 2015 and that lately there has been a relentless media attack on Bitcoin which the more cynical amongst us seems co-ordinated.
I am not an expert in crypto analysis but i have read so many comments and realized that majority are of the opinion that the downward trend of bitcoin is temporary and normal and so it will soon bounce back, i like to agree with this.
Sometimes Bitcoin cannot be explained using technical analysis. IMO, there are too many fuds recently. Another reason is due to the Chinese New Year in mid Feb, I guess many Chinese will cash out during this period.
But I am confident that Bitcoin will recover later on.
fuds making this market panicking,those weak handed users helping those trolls to make this dump possible,forcing many holder to sell their coins in lower price because afraid of big losses.but if we will continue pushing the trustees to hold and remain supporters of bitcoin.eventually the market flows will stabilize and return to normal again But I am confident that Bitcoin will recover later on.
Bitcoin is speculation, it can rise up high and fast and drops low and fast too.
Just make sure you can afford what u can lose.
Just make sure you can afford what u can lose.
I'm not worried, bitcoin has gone through similar falls in the past, and has always recovered. Bitcoin is trying to be independent of fiat, to stand alone as a digital payment system, it's going to go through some hurdles due to the competing interests of banks and governments, but on the whole this system cannot be stopped. Bitcoin, or something much like bitcoin is the future.
Indian and south Korean regulations have had a big impact on the BTC's decline.
When you fall, there is nothing you can do!
Now only adjust the mindset, I looked at the prices of the past January and February, march is likely to go up!
When you fall, there is nothing you can do!
Now only adjust the mindset, I looked at the prices of the past January and February, march is likely to go up!
What I cannot understand is so many newbies pumping money into crypto without elementary knowledge how financial markets function.
No wonder we see this FUD and panic.
Bitcoin will no die and it will bounce back. Think about these words before you decide to dump your crypto at a loss. Use you brain for a change.
No wonder we see this FUD and panic.
Bitcoin will no die and it will bounce back. Think about these words before you decide to dump your crypto at a loss. Use you brain for a change.
I am proud to say that I am a holder of Bitcoin for few years now although last December I have made a decision of withdrawing some of it and converting it into cash. I know that with the current situation of bitcoin I know that 19000$ is a one big time situation and it would barely come to this value again. Hence, withdrawing some of my Bitcoin does not give me regrets even if the value would have raised more than that today.
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the fallen is too deep and now we reach $7k, I don't have any idea how far the price would go down. but we still have 10 months later to see what will happen in the end of 2018 and I am sure that the price will increase more than $10k although it's really hard to see the price increase. and if we see at the bitcoinwisdom, the price could decrease again until reaching $5k-$6k but we have a chance to go back to increase again until $10k.
Now bitcoin is going through not the best hours. Falling below 8,000 is unacceptable, but it's a fact. And we have nothing to do. Remain to wait, and hope for better.
Sad but true, this is what happen this month. No word can you say include " unacceptable ".
As we are trader, we have to accept this and start moving on. Market always win and try to follow it rather than looking for how to complain the market. Market is the right king in investment world.
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