Do you think these traditional finance guys smearing FUD all over crypto would - you know - actually put up real money to short BTC?
I suspect not.
Topic: Your opinion about the fall of bitcoin - page 8. (Read 2196 times)
BITCOIN IS A CURRENCY; NOT AN INVESTMENT.
So, it doesn’t matter where the price is at; I will still use it as MY chosen form of currency where I control MY funds and MY own destiny!!!
And, keep listening to the news and naysayers if you’d like.
But, the FACT is that the underlying algorithm DEMANDS a steady growth in value until the final coin is minted.
The holidays and the fact that Wall Street decided to jump into BTC have made the prices a bit more crazy than usual. But, $10k/BTC is where the coin should have been before all of that insanity last month. And, I still say we’ll see $25k before the end of February with $20k-$22k going into March 2018.
So, it doesn’t matter where the price is at; I will still use it as MY chosen form of currency where I control MY funds and MY own destiny!!!
And, keep listening to the news and naysayers if you’d like.
But, the FACT is that the underlying algorithm DEMANDS a steady growth in value until the final coin is minted.
The holidays and the fact that Wall Street decided to jump into BTC have made the prices a bit more crazy than usual. But, $10k/BTC is where the coin should have been before all of that insanity last month. And, I still say we’ll see $25k before the end of February with $20k-$22k going into March 2018.
The fall of Bitcoin price currently is normal, if we look at the BTC price history the price always falls during the first couple of months at the begining of the year but eventually it will recover by the end of the first quarter.
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.
For me, this fall is an advantage, an oportunity that I will not let pass, this is the time that I could buy more bitcoins in a lower cost, that only means more profit for me. I think the cryptoworld is like this, its value always goes up and down, and nobody can tell when is this gonna happen, but for me, I will just go with the flow of the market, when the value is high then I am gonna sell, and when the value is low, then I am gonna buy and hold.
I think it's perfectly normal for bitcoin to go down. Every February, bitcoin falls, and no one can explain exactly why. What we need to do is hold it patiently, wait for the bitcoins to recover, and don't sell your bitcoins.
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.
On my opinion of falling price of bitcoin is because their are a lot of people using bitcoin and their are some markets afraid that bitxoin will go higher and all the currency in the world will behind because of bitcoin. And that's my opinion and own knowledge.
Bitcoin has lost its value because people succumbed to panic and EN masse to withdraw money in Fiat . this was influenced by many factors, for example-negative news around bitcoin, as well as mass holidays!
Yeah I agree to some posters that its not about technical analysis at some point, you have to look at it at the emotional side. A lot of individuals that joined in January expected a bull run but after seeing it was it a little stagnant, people started getting scared. This just caused the domino effect that made this dip, which is healthy. All the FUD money should be filtered out to get its true value.
The flucruating value of bitcoin is making people loose their interest in bitcoins. Also various types of bann impose on bitcoins make people think of any risk before doing any investment.
if my opinion up and down its bitcoin price is common, maybe also because the new year to make bitcoin prices to be cheap, but the point remains optimistic that its down will not be long,hopefully like that.
I think this is just a normal part of bitcoin since i join this furom and bitcoin world i already witness bitcoin behavior it goes up and down as usual. At this point i think this is the most smaller price you have seen again and it will goes up again to a higher price before the end of this year.
Actually for me it's really natural for bitcoin to undergo in such state.However,to completely drop for almost 300,000 Php from 800,000 is really frustrating since we're talking about the value of btc.Despite of bitcoin having on it's bad condition,i still believe after a short period of time the price or value of bitcoin will begin to rise up and some big changes will occur.That's why as for now,we should stay positive
I am not an expert in cryptanalysis but I have read so many comments and below popular bitcoin decline is still sementra and normal so it will soon recover and I agree with this. 
There's nothing strange about bitcoin's correction in this early part of the year. This kind of price fall happens annually and is unavoidable because of bitcoin's high volatility. Bitcoin have already suffered some of it worst price crashes in the past but it always managed to come back strong and reached many all-time highs later. No matter how deep is the fall, bitcoin always find way to climb back to the top.
If we think always of the down fall of the price of bitcoin we get panic immediately. This fall of bitcoin happen anytime so let's adopt this changes. If it had bought at ath price best is to hold.
Temporary. That is what i think for the fall of bitcoin. I don't think that there is something to worry about if we are all immune for this kind of scenario because bitcoin already fell for a lot of times and yet it is still standing and fighting for all of the fuds that we are seeing against bitcoin so i think there is no need to worry since we all experienced this before.
Bitcoin is subject to such large fluctuations because it is someone profitable. Large financial forces become even stronger, and the weak lose even more.
This is a difficult time for those who can not wait and do not understand that if you do not sell at a low price, you can still return your money if you wait. And even earn money.
Here wins the one who can wait.
This is a difficult time for those who can not wait and do not understand that if you do not sell at a low price, you can still return your money if you wait. And even earn money.
Here wins the one who can wait.
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.
Technical approximations cannot satisfy bitcoin by itself. One must consider the global events occuring that affects the cryptocurrency market. By doing this, the nearest foresight will be achieved and we can evade the mistakes we will most likely do without speculation.
My opinion about the fall of bitcoin is that there is no fall of bitcoin. There is only a strong price correction, which is crucial and healthy ESPECIALLY if you want to avoid any REAL "fall of bitcoin" in future.
I think bitcoin does not crash. Despite recent barriers and disadvantages, Bitcoin has been hit hard by the crisis, and its value has been decreasing day by day. However, I think that this is essential, after a period of rapid growth, everything needs balance. It is a completely natural process.
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.
Probably, the recent fall on bitcoin's value is a result of multiple corrections from the previous price hike last year. Add up some negative speculations from different sources. But all of this are just hypothesis, Bitcoin's price is constantly moving up and down ever since. It even fall lower than what it is right now previously in the middle of last year. So, all of this recent fall are just normal. Expect for a stronger value sooner or later. But I am confident that Bitcoin will recover later on.
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