sometimes the crypto world makes us confused with the state of the market, so I think crypto and bitcon can not be analyzed by mathematical calculations.
many fuds that make bitcoin fall and sick, in februari bitcon must face the day of chinese and also valentine day, and sale will increase so bitcoin become fall again. but I'm sure in the end the bitcoin will be high.
Topic: Your opinion about the fall of bitcoin - page 20. (Read 2196 times)
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.
Same speculation, if what Im remembered is right, they have the tradition that before chinese new year, they cash out because they need money on hand and not in the investment. I guess they choose to convert their crypto to local money since its easy to invest it again to the same industry. But I am confident that Bitcoin will recover later on.
If I think the fall of the current bitcoin price is all the more normal if we are smarter to take a chance by buying when bitcoin prices go down and hold up to the high price again, and the price is now still high compared to 2016, if for me there is no problem for the current bitcoin price.
We all know that the bitcoin price is so volatile, it goes up and goes down at any moment. So this downfall is very normal in my opinion. My co-worker said that it will continue to decrease and go back to $4500 the it will increase again. If it will really goes back to $4500, I think that is the best time to buy bitcoins before it increases again.
Cryptocurrency, in general, is very volatile and aside from the pump and dump everywhere, the trading is really driven by emotions and it is so hard to guess the emotions of every trader around the world - so when there is bad news about bitcoin or any altcoins, the emotion trading sets in and that is the primary price movers.
Of course, we can't say that news is not being manipulated but any bad news can really touch the emotions of most traders.
Of course, we can't say that news is not being manipulated but any bad news can really touch the emotions of most traders.
Just like other forms of investment it is normal for a bitcoin to face such issues, since it has becoming known in the market,there are alot of factors that can affect the current value of each bitcoin. What is important is that we learn to identify which factors will be beneficial for us. The higher the risk the higher the return.
The presence of negative news from crypto business circles in Asia and the US affects the current price decline. Do not panic continue to hold our coins because it will pump back the value that is currently experiencing degeneration. Think positive that the current situation will recover soon.
I have seen the behavior of bitcoin for the past 3 years and though it drops 3 steps back, during the peak season on the last quarter of the year, it goes 5-10 steps forward. I regret not investing in crypto currency for the last 3 years. When I look back, I see a bigger picture. I still believe in bitcoin, it's just a matter of patience of holding on...
As a crypto currency, the price of Bitcoin can be up or down. I am not worried about Bitcoin. In last few years, we saw many survival chapter of Bitcoin. Till now i believe Bitcoin as a legitimate currency. It is on the correction. Hopefully it will be recovered its price.
I am not worried about this situation, because in my experience when I watched bitcoin last year the fluctuation of the price is always up and down, and I think we must wait for bitcoin when it increase the price. Fighting!
Probably, it's still because of the unscaleable demand of bitcoin that we have been experiencing in years now I guess.
We are forcing bitcoin as mode of payment which is its function as a currency. Though we have known that Nakamoto did not thought about bitcoin facing such problem like lacking nodes and blocksize, devs find ways to make all fit.
While we are still in the the situation, it is not going to be healthy for businesses. That is why some are not accepting it anymore. Causing more crashes.
Gladly, bitcoin is a store value which makes it survive.
We are forcing bitcoin as mode of payment which is its function as a currency. Though we have known that Nakamoto did not thought about bitcoin facing such problem like lacking nodes and blocksize, devs find ways to make all fit.
While we are still in the the situation, it is not going to be healthy for businesses. That is why some are not accepting it anymore. Causing more crashes.
Gladly, bitcoin is a store value which makes it survive.
Everything that happened now in bitcoin price is normal in the market. Even there is a lot of different reasons why bitcoin price going down,for me it is still the effect of demand and supply. But i think there is nothing to worried about because i believe bitcoin will recover soon.
GREAT BUYING OPPORTUNITY.
I am exactly your opinion. Now you just have to check the perfect time to buy btc. The danger that btc is still sinking but still exists, so I would advise anyone to buy with care.
Otherwise you could lose more than you want. But then you should be patient and HODL your coins!
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.
bitcoin has become so fluctuative recently, it has dropped too quick down below 7900$ in just a short time, however, the worst is not coming yet, the lunar new year is very close, i believe more investors will sell their coins to celebrate new year, so the closer to the new year, perhaps these drops will happen faster, lower than even now. i that case we can save some money to buy cheap coins or just holding to our coin and wait until the storm passed. 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.
Its already very bad run from all of cryptocurrency.
So if this is going lower again than its worse. As i know in crypto, technical analysis is sometime not working. So you have good analysis but i think its not 90% work. News or fundmental is the most important reference which can make sure the price up or down.
It's great that Bitcoin would rest for a while while other cypros and altcoins would kick the market. Its a great opportunity to buy bitcoins as soon as it is cheap. Invest now and have a huge money at the end of the year.
Sometimes we observed several times the drop in the price of bitcoin. But always he comes back, and always put new price records. In this situation, everything repeats itself. And I think in a short time the price will stabilize.
My opinion is people have jump into investing into the bitcoin investment without making some valuable research about it,if you have made a little research you will find out that it has been a normal thing for bitcoin to fall and raise again,you will also know it has gone through difficult times but it has always succeed in it market,new investors need to understand that they need to hold and wait for it to raise again above your cost price.
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.
Maybe what people called the bottom 2 days ago wasn't it? Maybe it just confirmed the bottom right now as it failed to fall significantly lower than the first one. It wend just $100 lower so we could say this is the same price range. If it is so the beginning of the recovery will be now.
Bitcoin is new currency that not accepted yet by many countries and even ban it. And the price's is less stabilized. According to bitcoin market trends, the bitcoin price's is always (according laat year data) falling down in tje bigining of year and will rise again gradually. If you really wantbto invest in bitcoin, hold it and dont be panic seller.
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