Bitcoin Forum

.. so I've been watching and reading about btc technical analysis almost daily now, and I'm kind of sick of being in this current triangle.  I've only been in btc since September so I really don't have that much history, but for those who have been in btc much longer - how much longer do you think it will take before btc goes back on the upward trend again?  It just seems like a really long sideways movement.

On Dec 17th, it reached its high of $20k, and it has taken almost a month and we're still below those numbers.  What is your estimate for when we can be above $20k again and onward to what people predict for this year ($50k-$100k)?  Another month?  March?

I know nobody knows for sure, but just looking to hear about what people's gut feel is (and only from those who have btc experience over a year please).

Thanks.

You've only been here since september but you shouldn't be here at all.

You're asking a question that not only nobody can answer, but one that you should be able to reason by yourself having looked at history. Why did you jump in in semptember without doing any of the required homework?

Anyhow, best answer I can give you is that last time we hit a bear market, prices went down further and didn't recover for a couple of years.

Bitcoin's astronomic ascent in the second half of 2017 is not the standard. It's not the way you should expect bitocin to ever move.

I've been here since 2010/1, and trust me when I tell you that if you don't start studying a lot harder you will get burnt. badly. Keep an eye on altcoins, too. If you look at the overall crypto cap you'll see there was more growing between when you camein and now.

Guy whose crypto the NSA uses says it's going to 10K

Then to 50K

https://1bitcoins.net/nsa-crypto-god-calls-bitcoin-toy-nsa-project/

yes, after the end of the year 20717 bitcoin down, it takes a long time to improve the situation.
everything is speculation, so everyone can not answer what bitcoin price in the future, let it be time to answer it.
which I'm sure sure bitcoin in 2018 will reach $ 50,000.

Crypto is gambling... looks like we run out of people who love risk . It's over...

Your asking a leading question and it might never reach $20k again or do you think the price drop might be connected to
crazy Tx Fees from miners and trust in the development team has been destroyed.

It's your first love, don't worry, plenty more fish in the sea but stick with top brands and do more research or at least
have a stop loss in mind for getting out of BTC and hope you will never need to use it

Mines at $10,000 and "let the trend be your friend"

Patience is a virtue. Bitcoins price growth is one of the fastest in the market. If you really know trading you would know that the price rise of bitcoin will take a few years if you compare it to any stocks or cfd (except altcoins) in the market.

If you are tired of it then sell your coins and just go back investing in other things to realize how much it will take for your money to grow in other markets.

And i was thinking that I'm in this church all alone but i can see we have hope yet.

It's would had gone on much longer here if they only kept the fees lower and when it
was just about to explode they blew it but not in a sexual way.

Yes i would had given it $50,000 but the trust has been broken now but maybe that's a good thing
for other alt-coins and they will survive on gains close to 100% p.a and not 1000%

I get this feeling that your in danger of getting away with a profit and good luck to you sir!

There must be no accurate prediction to the price because bitcoin contains a high volatility and demand cannot be control unlike the supply of it. I think bitcoin will drop to atleast $10000 and the next bull run will be at that time bcause the demand for it will rise again because its price is lower than now tendency is people will buy it.

Actually, the dollar is the biggest risk out there and Wall Street is gambling with it. The little guy has a very slim chance of becoming financially free trading in it. The dollar is also being printed in the billions to infinity. However, Bitcoin is capped at 21 million. Which is the better "risk" since probably only 1% of the world is currently into cryptocurrencies right now. Buy and HODL and see which one lasts longer.

No one knows when btc will hit that $20k mark again. It could take months or it could happen at the end of this month. Or it could drop below $10k. No one knows.

It's totally dependent on your perception, If you think that Bitcoin is not a profitable or fake currency then you could be afraid of this platform. think positive and be patient with this system.

Day by day this platform is getting accepted and promoted at the whole around the world and people are becoming involved in this platform day after day. so that Bitcoin is not a thing matter of confusion as like you are thinking. Go bold and be strong. Bitcoin will dominate in the future's currency world.

This is only normal and maybe bitcoin price will still go down up to 10,000. but that price is the lowest that i can think.  bitcoin will start to bounce at 12,000 level. If this happens then there is a good chance of a new bitcoin price rally. its good to buy bitcoin now.

I know the future of bitcoin travel is still long, and your expectations are still a lot to succeed, and I'm very confident the bitcoin price in mid 2018 will again tend to be higher again, now there are still plenty of opportunities for you to Get Bitcoin in a short time or longer if you want to earn your daily income, you can do trading on the market, this for me very profitable, if you are in the long run, and I am sure can get 2x profit from now.

yes it looks like gambling which is to risky when it comes to the volatility of price cause it make a huge lose if whe didn't notice the drop. But now i think  the volatility of bitcoin is over and it continue decreasing maybe this is the end?  , as of now btc price is 12k perhaps  bitcoin price will fall dip. And despite the price is unpredictable right now which is to risk to decide if this time is good to buy , cause we have no idea if it will climb after falling back to 10k.

If you consider that only a year ago from now BTC was at $1000.00 the price right now is still amazing. The 20k price was bubble from huge hype thanks to the media. Now that hype and fomo has settled down some and the price is normalizing. It’s going to take some time for things to get back on track. I am happy with the price right now and if it finishes out the year at 20-25k. I am happy with that too. If the price plunges more I will consider this my travel back in time and my second chance to get in before it heads back up.

Because of the volatility of bitcoin, it is inevitable to have frequent dips of its price. You just need to have patience since 2018 has just begun. It will definitely rise little by little as the days go by.

I don't know when the price could reach $50k but we could break more than $20k in this year, hopefully, we could increase more than $30k-$50k in this year too. besides that, when bitcoin price is down, I see most of the altcoin follows to go down because usually when bitcoin is down, many altcoins start to increase and fixed the price. I think this January will be a new start for cryptocurrency and in the next month, cryptocurrency will start to increase.

yes, bitcoin is still having a very bad day until today. this is a big slap for us, that bitcoin has its weakness. but I'm sure slowly bitcoin will move up this year, likely to be above $ 30000.

By arriving in September you've been spoilt rotten. Try heading straight downwards for month after month. Try what felt like months at $250.

This is traditionally a pretty dead time of year. Wait for a couple of months and you might see some identifiable action. Or tomorrow. No one knows.

If Bitcoin falls low or stays unchanged for a period of time that does not mean it will end or fall, 2017 may also be referred to as the Bitcoin development year, which falls only in the late months and in 2018. It will be as high as 40-100 dollars

Don't pissed off with what we have right now, we are still thankful because bitcoin is not lowering to $10k, and won't ever lower to that since the demand is continuously rising, and the demand is not decreasing it is just that some people are doing buy and sell so the price is really unpredictable now.

Why BTC? There's A LOT of great crypto that can rise and rising right now. No need to hold BTC to get your x10

Guess if you really can't wait for the bitcoin price to rise high again then you shouldn't be here because you are like who want to be rich again as soon as possible. Judging from the way you are speaking you are the type of person who want's to be as riched as possible at an early period of time. Come on man time is money if you want to earn you'll need to have patience.

Mee too, The price is falling down :(

Take a look at the transactions backlog before Dec 10th and since then and you will understand where we are right now. There is just a massive number of transactions resulting in slow transaction speed and expensive fees. This is a big problem right now which forces people to get into alt coin. As the transactions reduce and especially if lightning network comes close to being deployed, we can expect the price to rise quickly.

Started mining in 2013 (wife thought I was crazy) and when I started buying it was in the ~$600 range. So unless we drop to low 4 digits, I'm happy.

Just go with it and snap up cheap coins when possible.

I dont care how long as long as the network becomes stable, dont you think its a good time to buy since the price it much lower than the previous days, or maybe you have taken a loss from the market, is that reason why so you mad?

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If you are officially sick about the price then move along and forget bitcoin or maybe you can try some alts so that you wont overthink yourself about bitcoin (its good to have some diversion sometimes).

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Well my estimate it would be back to $20k at 2020, the irony right, lets not rush things over the price of bitcoin, its good that it has a large value but it also have a side effect in its price, whats important is that it should become stable first this 2018 so that we can do micro payments again.

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My point of view is that people who get angry because from $20k it when down almost $10k and currently its $12,9-- been moving up and down.
Patience is all you need, long time traders of bitcoin doesnt care is the price went down because they knew that its buying time and there will be a day that they can profit on the lower price because bitcoin is so volatile.

The past few days, I've also felt devastated of the price of bitcoin. I've been used to the bullish trend of 2017 which made me expect the price to come up the past few days. Since I've been fairly new in bitcoin as well, I can't say that I've had much experience, but even for those seasoned veterans who have had plenty of experience cannot exactly predict the price trend of bitcoin. Even those came late in bitcoin may be able to speculate if they get to research and study well.

You can't realistically expect Bitcoin to keep growing indefinitely. The growth since September was astronomical -- should-have-taken-some-months astronomical, so you can think of the current market as having sudden spike while remaining relatively smooth the rest of the way as opposed to months of gradual rises.

Either way, I personally don't expect any significant upward movements until the Lightning Network is officially for adoption. I don't think there's much good news to be had at this point, with the massive fees and such, while plenty could happen on the other end. The next couple of months could be rough.

Then you stop investing on bitcoin if all you want for the price is to be stable because your way is never going to happen because we are in a buy and sell industry.

There is nothing to be sick here but of course if you entered Bitcoin at its highest 20K then it might be a different story. We have been expecting Bitcoin to continue doing the bull run and we forget the reality -- the reality is that it can not be continually growing at all time. There would always be a bear market and we are experiencing it now...but am sure that after the bear the bull will be coming and it is just a matter of when. As they say, winners never quit and quitters never win...the same thing can be said with our Bitcoin adventure.

I started buying at around $800 on the way to $200 and it's still the best investment I've ever made.  Hold and chill until it's worth more.  This could be 2018 or 2020's or never.  If you are itching to get rich tomorrow start studying alt coins or some other way to cash in.  

You are sick because of the current price/trend?

What you don’t understand is that bitcoin investment has been too good. Before cryptos appeared, no asset was giving such insane returns, and if something similar appeared, it was likely to be a fraud or Ponzi scheme.

I’m quite cool with the price right now.

Thats why dont gamble your all money in bitcoin only because you cannot predict what happens in next day,next month, or next year seeing the price of bitcoin right now is so complicated because too much people also loss profit or loss there money but who knows if one day bitcoin will rise again and continue to increase price so just believe that bitcoin will do it after struggle like the situation in life sometimes you go down sometimes you go up. Patience to bitcoin because patience is a virtue.

To be honest, this sideways trend could be because there is not much good news about Bitcoin at this time. Once updates about the lightning network are broadcasted, I think it will give a positive market sentiment that's strong enough to move prices up.

Its suck to see the bitcoin price can't go up, but all of us must accept it, last time the rising is too fast so bitcoin will have major corrections and there are numerous investors play in alt coin, because alt coin is very profitable at the moment and the news make the bitcoin situation become worse, need to relax and be patience, once btc breakout we will see another ATH

also china and korea stopping the exchanges doesnt help at all with the whole situation

And I'm officially sick of newcomers who have been using Bitcoin for couple of months and got very angry and disappointed when they didn't make thousands of dollars and became rich over night.
Get a life somwhere else, this is not for you.

Y'all must have bought in high, well at least its still double digits  ;D ;D ;D ;D

First of all, this "sideways" movement has involved fluctuations of 15% or more in single days. For any other asset that kind of volatility would be insane. The price skyrocketing prior to that was not the "norm". That was highly unusual, and furthermore, unwarranted. There is no reason to think that bitcoin will go back to that previous upward trend before dropping significantly. Every time that bitcoin has skyrocketed like it did over the months that brought it from around $1k to $20k, it has subsequently crashed by 60-80% or so. I don't see a reason to think that this will not happen again. I do see reasons that it could potentially crash even harder than that though.

There is no mercy in the world of cryptocurrency,for most it is just about how to make more money.When big pump is start at beginning of last year smart people know that a big correction will take place,but for all new users who boarded the ship at full speed all this today looks very strange.Ship is slowing down and sometimes are even moving backwards,waves are too high and it seems that the ship will sink.

For some this is bad times,for others time of great opportunities.No one can say when something would change for better or worse,it is risk which must be taken when investing in BTC or any other risky asset.

When cryptos go down, they are on sale. If you buy the dips and HODL, you'll be ahead of the game in the future. A very small percentage of the world is even in the crypto space, so as they come in, the volume along with the prices will increase. Just need to be patient.

Then get the fuck out of here, if you are "sick" just like you are saying, then i guess that you really want to suicide because the price has dropped a "little" just leave, and it would be much more healthier for the entire community in here.

I'm going to ignore your 'only people with over a year's experience' and give my answer anyway. I joined in a similar time to you actually. You might remember a similar event happening when China banned ICOs. Such things always hit the market but the market recovers, the other similarity is that they both probably came at a time when a correction was needed in the market. Now if you look at the growth of bitcoin say on a weekly graph it's quite clear there was some exponential growth around December and that this correction seemed quite likely, you can look back over the forum and a lot were saying it even then. How long we will take to recover is a difficult question, to 20k+ I think it could be a month or more, even as long as 3 months or so. Back to 14k-15k (about where the price should be in my opinion) I suspect in less than a week. If you check out the graph and remove december's blow up you can see the trend would put as somewhere from 12-16k in price. Anything below 10k seems too low and I don't think we'll see that and hence the bottom is near in my opinion, it will take another big shock to the market to see that breached. 50k is probably about the upper limit of where bitcoin can go this year in my opinion. We won't experience another year like last and you shouldn't be expecting such a year.

When the crash started a month ago I figured it would take until end of January or early February to break $20k, because the two crashes from last June/July and Sept/Oct each took roughly a month and a half to break the ATH. Though this time it looks like it might be a bit weaker and take a bit longer...though part of that is probably because the run up during this last bull run was so insane. I don't know if it'll go down further than the $11k it is at now, but I sure hope it doesn't. It seems this current break downwards is due to China and Korea news/rumors of this past week. When people get over that it should start going back up. It was at $17k just what like a week ago or so.

Right now I'm thinking my prediction of hitting new ATHs and initiating the next bitcoin bull run at beginning of February is probably a bit too soon. But I think February is likely to be an uptrend for bitcoin. Not sure if it'll quite break $20k in February but I do think we'll get out of this bear market and the price will start testing the high teens it entered in December.

Though of course this is all just a guess. But with probably a hundred thousand or so new people getting into crypto every day this bear market can only last so long.

Chill man, I know it's painful to see the price getting down but you must get used to it. You just been into bitcoin on September and by that time the price was moving upward so you quite didn't experience some dips. Maybe next month or on March, just hold your bitcoins and stay away from price checking.

Not all the time price will be on a downfall chart so you just have to relax after this storm it will be pumping again. Big pumps does have an opposite of big dips and this healthy.

Damn, I'm sick too, bitcoin is in a severe dumping right now... I think our best bet is to HOLD it, and like other said, bitcoin will rise like a storm after this. But it reminds bitcoin is a lot of speculation, don't invest what you can't afford.

Anytime there's a China rumor about the bitcoin, price drops... I'm a new investitor, but I've already seen an other big dip this summer. It's fine for those who're in UDST, but for other, don't sell now, if you've what happened in november/december, price will rise up.

Ok then piss off no one cares if you are sick of btc. The problem is you all forget the past from $0.001 to $20k and people still complain if there is a little bit of correction. If you don't realise this dump is just because of a rumour which has caused panic in south korea which is now affecting the whole market.

If you were smart enough you would buy more instead of simply complaining.

50% correction  lol f#&$ this market

Yep correction and fud, but them together BTC price will drop and enter those with large bag of money to buy coins sold by noobs. Cant blame the noobs for selling early, they are not yet used with BTC price. If Ihave money to spare, I should have some more and ask for a picture.

after this huge "correction " FOMO gone , I invested  @7k sold @ 16k and and now it's 11k but I'm not buying. Bitcoin will not cross $20k this year.  People now dreaming even for $16k

Anyone claiming to know TA should know that with bitcoin tearing through the upper bollinger band, a massive correction was coming in order to go back into the bands. I don't think we're outta the woods quite yet, but I think the worst is probably behind us for now.

Indeed the market really so struggle to come back to $16,000 it is the fact.
But there is another fact where bitcoin worth only $1,000 and people confidently say it won't crossed even to $2,000 .
For sure noone know about the future of bitcoin price , we just know that out there a lot of people waiting to buy bitcoin at the right time for them , and guess what will happened to the market? The price escalate quickly!

This correction will tends to stop and it will go up again. Bitcoin price market is really crazy and you have to be tough in order for you to gain profit at the end. Although we dont know yet the outcomes and what price it would be,but deciding to wait for the price to up is good.

there is nothing that we can do except keep buying bitcoin at lower price or we can hold our bitcoin until the price increase again. there will be a time for bitcoin price to back to the highest price and we still need to wait the time comes. maybe in the next week, we can see the price start to rise again and who knows, the price could make the highest price that we have never seen before.

If you don't have the patience to trade bitcoin and see it rise then just don't. Nobody is forcing you to. Bitcoin is going to go up and down and you can't always expect it to continue to go up, otherwise it's a scam and the promises won't be redeemed.

$20k isn't a guarantee. Anyone saying that would be trying to mislead you.

But i think if you buy now, the chances of you making a sizeable profit should be quite high. Even if bitcoin goes to $13k, which i believe this price rebound will bring the BTC/USD index to at the worst, you're making 10%.

$50k-100k for now is still unrealistic. Maybe this year we'll see $30k though.

Just buy back in with the rest of the heard at 40k than sell at 20k and cry about it again. That's what most idiots do.

Yeah to be honest i find it strange that people find the current price level a good level to sell at, but when the price was $15k or $16k or just before the all time high they haven't sold. My point from previous posts still stands - it's simply a panic dump, and i still believe that the all time high is going to be broken this year(along with it $20k, which hasn't been broken for now).

Don't buy high sell low, that's basic facts of trading.

As long as you don't cash out your position, you're still in the game. And for bitcoin, long term is going to be worth it to hold BTC. No reason to overly debate between whether or not price is going to drop another 10% or not in the short term. It really makes very little difference.

Just buy back in with the rest of the heard at 40k than sell at 20k and cry about it again. That's what most idiots do.

Came on, so you are in here since september and you are saying that the price is low? if i am not wrong, the price was roughly at $5000 on September, if i am not wrong.. The price is stable right now, and it will take some weeks until it can recover and go back to $20000 again..

Very much explained :).  People who did not do their homework before investing are the one often to sell when they see the price is going down.  There had been a lot of scenario like this but guess what, those who are Bitcoin millionaire today won't be millionaire if they did not do their research.  They knew that theprice will definitely increase, the factors are there, adoption, deflation of circulating coins, development and finite number of coins.  It may take sometime but just chill, price fluctuate, earth revolves so does the condition of Bitcoin market trend. 

   There are so many comments without any sense, like this newbies are kids  without
brain. How to classify them, it is a mystery for me. They do not know what was yesterday,
they bought on $15000 and they are nervous.
   We all hope for fast recover, and most of us believe in that. I am waiting with patience
and this price rollercoaster does not make me feel sick, I am enjoining in what is happening
I almost can imagine how it was when Bitcoin price touched $100 and later $1000 for the
first time. I plan to hold for a long time, nothing can stop me in that.

It is probably best for you to stop investing in bitcoin, if you cannot deal with the current movements in the price then what it is going to happen if the price crashes for some reason, besides if you have been here since September then you got a lot of profits since bitcoin was not that expensive at that time.

Officially sick? LoL
If you have been watching and reading many bitcoin price prediction, stop it right now and decide whether you want to buy more bitcoin at current rate which is cheaper than $20K, or you want to hold it for long-term?
You know that bitcoin will recover, just put faith in your heart about it. January is the time for most cryptocurrencies to fall down, it's a good time to buy bitcoin and altcoins.
I assume bitcoin will recover to $20K in March or April, but to reach $50-$100K, it may takes longer, maybe in the end of the year.

maybe he needs to break for a while from cryptocurrencies to enjoy his life and he needs to refresh his mind so in the next time if he wants to comeback into cryptocurrencies again, he will have fresh minds. maybe in September, he already makes a nice profit but suddenly he got buy at the high price and makes him cannot sell his coin to make another profit. but I think he really needs to calm down his mind by doing something that not related to cryptocurrency world.

We were all newbies at some point and I'm not referring to the forum but about our experience with bitcoin, when I first bought bitcoin it was close to 220 and then the next day it dropped to 190 or 180 I was scared since I bought that bitcoin to buy some stuff so I will buy less with my bitcoin so I waited, and after a few days the price recovered, so most of us panicked the first time that happened to us and we must learn to overcome it.

It's a yearly dip. Well we should learn from our mistake dont do panic selling when it dips if you have a big capital for investment don't put all eggs in one basket because you'll end up loss. so better hold it than to sell it. newbies are always like that they should read technicals and fundamentals of bitcoin and it's 4 years now since the last drop.

You're sick, just because the bitcoin price plummets. You should be able to take advantage of this condition well, buy buy buy and buy.
For 2018, I'm very pessimistic if bitcoin will set foot on $ 50k or $ 100k. Because according to my personal predictions, bitcoin prices for 2018 will only reach the level of $ 27,000.

Do not worry, brother. Bitcoin might have fallen down a bit. But let us be thankful because it did not remain at 5k$. It has risen to reach an unexpected price, not to mention that many governments are trying to take it down. It is really going through a lot (I consider bitcoin as a human being).

But anyway, believe in it as it will grow again and I am sure that it will surpass 20k$ just like I failed to predict it would reach 10k$ in December. Patience is required if you want to see a good result.

You're sick of the current price of BTC probably because you don't understand Bitcoin. You can only be sick of what you don't understand.

Forget about TA or FA for a moment and look at the history of Bitcoin, what do you see? If you look close enough you will see instability, volatility, and unpredictability.

Instead of being sick, I'd advice you take a chill pill and learn the basics of how the market works.

Sorry to burst your bubble, but you are watching/analysing it wrongly.


You don't need any history lesson. I presume you can read charts? In case you don't, here's a simple one: https://blockchain.info/charts/market-price?timespan=all


Unpredictable. How about never?
Always assume the worst possible scenario and work your way up.


Might be after 5 years?  ;)
Again, no one knows.

• Anyone who bought within 10k are chilling right now.
• Others: On panic mode.

Bitcoin is volatile, we never know when it pump and down. Nowaday's bitcoin has a bad day so I'm going to play more on bounties because priced of bitcoin is so much stressful.

If you continue to  bother with what price says every now and then, you might end up having high B.P because no matter the amount of analysis you watch or study, there is absolutely nothing you can do to move it from the current position as an individual rather I would advise if you want to hold, hold if you will sell then come back later when things stabilizes, there is a market for you any action you take, its all good.

Each and every user get sick on watching the price move of bitcoin. When the price was expected to increase such a downfall in value affects the growth happening with bitcoin in terms of adoption as well on marketplace acceptance of bitcoin. Expect good price increase to happen soon.

Yes bitcoin is so volatile so even if the price has not go high in yet. Better buy and invest while we can, their is the time for bitcoin to go up again. It is stressful but in order to gain profit you have to ride with the train.

I think if he is sick on watching the price but he still wants to buy bitcoin, my suggestion is to buy bitcoin at any price and then close every exchange that he joins and take a rest for a while. with doing this, no matter how much bitcoin price is down or up, he doesn't know and don't care and he prefers to use bitcoin for his long-term investment so I am sure that he doesn't have to sick for watching the up and down of the price and he can use his time for another thing.

Going above $20k this year is really possible. The current state of pricing today for me is just correction that is way long overdue because of the postponement of Segwit2x and it being resechedule to further date. Thus increasing the price exponential from $8k early November of 2017 to a massive $18k on December 2017 within a span of a weeks.

Welcome to the club. Bitcoin and crypto for that matter is so volatile. You need to bear that in mind. It can't go on a bullish trend, its not sustainable, and sooner or later the price will go to a market correction. This was to be expected, actually I find it surprising that in December we didn't get to $10K.


Again, I'm been asking the same question, why are you guys like somewhat attach to $20K price? Can't you have just a little bit of patience to just wait? We are going to $20K, but it will take a little time to get there. I guess you really bought bitcoin during its peak at $19K, right? Then you can't do anything but have some patience. Short term we may be plunging to $10K or below, but long term, bitcoin can get to $20K-$50K.

i feel like bitcoin will pump a day or two from now, not only because of its indicators in the charts (TA) but the fact that the lightning network is being implemented already and the adoption of LN is increasing, though not all wallet providers have supported it but soon they will.

Nobody likes to see the price dump hard but it recovers, it always does. We’ll likely see a new ATH in 2018 so relax & hold onto your coins. Why are you in a rush?

Catastrophic market , all in red , I which I did hold my coins , I will sell, cryptocurrencies time is over , I never seen a bloody bath like this , all this kind of posts and comments that you can see allover the globe .depression ,negativity but all of those people don't know that the cryptocurrencies dealing market is not for people who wants profit all the way , even  drug dealers has also bad times .so just I have a word to say for the greedy people here if you are here dealing with crypto coins you have to learn to accept losing and winning or just walk away , this thing is not for you

You can just regard your investment to be a savings in the bank. This way, it will not hurt you that much. Just think about it as a set aside money in the bank and stop checking the graph all the time. If you trust bitcoin you know it will not stay like this for long. Who knows, you might wake up one morning and realize that your investment has not just doubled in value but more  ;D.

People who bought near the $20k price are attached to that price level - it represents profit to them.

Don't forget lots of noobs entered crypto in November and December 2017, which means they bought in the $10,000 - $20,000 range.

Don't worry if you see the price of the bitcoin decreased because for sure once the price increase again it will continue and possible to see the price to reach again $20k dollars maybe next month of february or by the march it will happen if the more bitcoin user have unity to buy bitcoin and to keep for sure bitcoi reach again that price.  I dont think the price become $50k -$100k in the march or before end of this year because that price is very and it takes few years more for sure to happen that.  Maybe the possible become 20k upto 40k dollars each bitcoin.

You just have to be patience. Be responsible and open thinker. Dont be in hurry. Rush things will lead you to nothing and imperfect.

I agree with you mate, no need to worry about. Despite of this bitcoin price dump, use this as an opportunity instead, to have more bitcoin in your btc wallet to gain more profit when the price rise than selling it with this low price that leads you to loss more money.

Just be patience brother you are not the only one affected with the sudden decrease of bitcoin, if you do not believe the bitcoin price will increase and sell your bitcoin, you might repent of it later. So my suggestion is very simple, instead of selling your bitcoin just hold it and wait until the bitcoin price will increase again to gain profit.

Patience is necessary in this moment of bitcoin price dump. Yes making in a hurry to earned profit right away will lead you to be on lose of your investment. Better hold for now because of this price dump, then to wait increase the price.

I can feel it, but basically no need to feel despair and weakening all the efforts that's being have to do. I think this requires only patience of ourselves, and such as testing to the our personal beliefs.
To me personally, I  just keep holding it, I just rely on my belief due I believe since at the history of the price development that I know.. that bitcoin price will not fall further from the highest price ever reached, I'm still really sure bitcoin price would be still tend lead to the height.

Keep enjoying the journey, good luck holders

This January seems to be the bearish month for the bitcoin as it continue to stay below the level of $12k. Every year bitcoin undergo price corrections but it will eventually recovers so you have to be patient in waiting for its come back. Some reasons why the bitcoin is down are the negative news coming from China and other FUDs that coming from polluted source.
If you have still available funds for trading then try to invest in some profitable atcoins to diversify your portfolio and increase your earning. Choose only the coin that has the potential to grow in long term.

Predictions about crypto currencies are nearly impossible.
There are too many factors that can come up und nearly now hard facts.
Nobody knows how many people are really dealing with crypto or how much money they invested.
And nobody knows as well what countires will bring what regulations next.
Everything we can really tell is that right now we are in a down trend.

China and South Korea restrict all trading of crypto currency in digital society, I guess this is the reasons why bitcoin price was dropping down so deep. It was challenge to us if what we do to our bitcoin.
However there were an option with that either we sell it, hold it, exchange it or anything. I was believe that this coin will become profitable if we hold it for long period of time, because for me this is the best option we can do for now.

No I don't think China has any important weight left to threaten Bitcoin or manipulate the price. Trading is already banned and exchanges moved to HongKong or other countries.
Miners are also expanding to other countries. Canada will play a big role in the future, as Japan as well.
China had it's chance to play a significant role in the crpypto space. They totally screwed it up!

Price is mostly correcting because we had a crazy bullrun last year. Probably too much, and therefore the actual retracement.
Investing in altcoins right now is extrmely risky. If Bitcoin should take another dive, altcoins will get hit even harder as BTC is their anchor!
Yes you can scalp and daytrade the altcoins, but investing is imo not recommended.

This market is always tends to go up and down or in bearish or bullish trend. Everytime price will go down we cannot really say an accurate price of bitcoin if where it will be heading. But, since the foundation is strong I wouldnt have time to be worrying much about bitcoin price fall down. I am still holding my bitcoin until now because of believing it will go up again.

Lol. Crypto really isn't for the faint of heart. Those that can't handle heavy volatility would know better to stay away from crypto. I don't understand why people would be so down with btc's decline as we haven't even finished yet the first month of the year.

I don't think we are trading in a sideways channel right now. It is a rare event in a cryptoworld which doesn't last for long anyway. Technically, we are still going down, that is we are in a downtrend as of yet. It needs time till we consolidate, the market volume goes up, and then prices start to rise. The dollar interest rates are also declining at Bitfinex which reflects the overall negative sentiment of the market.

But you can't blame him to doubt for the current happenings of bitcoins since for now we can see the price go more deeper and its hurting the traders heart badly since they can see their money draining quickly. But if people would see this as good event and accumulate more then they will gain as plenty as they can if they use their wide sense of this current even happened on bitcoins.

I am still hoping bitcoin will increase its price again this year for about $20k, but don't expect too much. Expecting too much can hurt you in the end. Just stay focus in the average price of $20k ATH's before expecting more than that. No one knows when it will rise again hopefully by February or March.

20k is expecting in next few months, while at the end of 2018 i can expect that bitcoin price will be trading above 40k may be much more from that price. In fact still people are too much interested in bitcoin and therefore they are holding their bitcoins and trying their best not to sell it. Only those people who get panic because of having low price of bitcoin are selling their bitcoin while the experienced investors will always try to hold and not to sell in panic situation.

lol only in your dreams

The strategy for retaining coins incorrect. It is a frozen asset. What will happen if the price of bitcoin will be stable for a few years? You want to wait? It seems to me that bitcoin needs to have a turn. You should always have a reserve of coins to trade on the exchange. But the most important thing in my opinion is the creation of conditions for the use of bitcoin in trade.

We must be patient and do not rush. Because things are in a hurry will bring us regret, we need not worry. Regardless of the price of this bitcoin dump, use this opportunity to have more bitcoin in your btc wallet.
In this way you will get more profit if the price goes up. rather than selling it for a low price that causes you to lose more money.

;D We really cannot say in his dreams yet. No one can say exactly what can happen, but presently, the bullish momentum is low and it does not even seem to look like we are ready for any bull run, but comparing with the same incident last year, anything can still happen.

I am still of the opinion though that we may just end up swinging between $10k to $12k for a while, with the hope that some institutions will not want bitcoin to go as low as $8k as that would make bitcoin to be perceived as being extremely weak. However $40k is too much to hope for right now when we have not even passed the present hurdle. Like you said, anyone who understands the importance of holding, will not even bother a bit about what is going on right now.

Mature investors still do not feel any stress and they are too much confident about bitcoin price, although currently bitcoin price is trading in a low price, but i think that if they will continue holding bitcoin very soon they will see 20000$ very soon.  Bitcoin price will surely reach to 40K but will take some more time, because we have to cross some more hurdle while reaching to a straight track.

How do you know what mature investors are feeling and what they are confident about? Maybe, it is just you and your wishful thinking since you hope that they feel no stress presently and thus you don't have to worry about anything either? Have you heard that a few big-time Bitcoin investors like Roger Ver, Steve Wozniak, and a few others sold their stashes when the price was at its all time high late in December? Perhaps, selling at the right price at the right time is what mature investors actually do after all.

roger ver, ha, like we care what he does with his bcash lol

It shows that you have not been on bitcoin for long, you are expecting the price of bitcoin to reach 50k to 100k in a month or march? We may need to wait for years to see those prices, not long ago 50k seemed to be decades away, you have no real experience with bitcoin, you only know one direction and that is up, be patient that is the only thing you can do right now.

You are right. I am also not so very much happy with BTC fall, but I am waiting for its 20-25 thousand rates in 2018.

So you were sick in January, how do you feel now? Just wondering

LOL ;D

I agree, this is over. More and More people have grown sick and tired of Bitcoin and its unstable prices

If it was stable some other people would have enough and quit. People who want store of value find Bitcoin reliable because it grows all the time if you look at its lowest values. Traders like it because it's volatile. Recently its volatility is manipulated by rich people who trade futures but it's still good for trading in general. Who doesn't like it? Maybe leverage traders who get liquidated by manipulators but that's all.

Prices are now very cheap for sell
You said , i am fed up with current prices
What do you think about the prices in the past year .. How is the comparison?  prices surge in less than 1 years from 3000 per btc to 8000 per btc , at latest

for get profit you should accept all correction of bitcoin

He already quit and leave this forum since op was last active since   March 16, 2018. So theres no point for us to ask on what he do currently see in the price.
If he do tell or mention that he was sick then for sure he would changed up his word and im sure he's pretty aware even he dont already visit up this forum.
Getting tired or exhausted is just normal but as an enthusiast we should at least see its potential in broader range.

Yes price of bitcoin now are cheap compare 2017 price is very high then big dump for year 2018 so bitcoin price is not stable.
But if they have buy when the bitcoin drop right now they have a good profit so no need sick about bitcoin.

The OP shouldn't be sick because of the price of bitcoin having forced himself into the efficacy in reading the chart via technical Analysis he should  continue to buy at a lower price i.e at a cheaper price and forget about TA, bitcoin is a long term investment the whales and big hodlers don't bother themselves with any charting analysis but wait at a any massive pump thus take some profits and wait any retracement in the price to buy low consistently.

Lol wow that's a little aggressive.  Bitcoin isnt this magic money making thing.  It's not just gonna go to $50k-$100k that easy.  There will need to be many thresholds passed and an insanee amount of buy pressure and relatively low amount of sales (at least large sales) to get to 6 figures.  There will be massive dumps along the way as people move some of their massive profits into traditional investment spaces (stocks, real estate, metals, etc).  Buy what you can afford to lose, sit back and enjoy the ride good or bad. 8)

Buying bitcoin at this time is reasonable, because in my opinion it is currently low for bitcoin prices, don't compare bitcoin prices with 2018 clearly different from now, bitcoin has little progress even now it tends to be stable for the future.

I guess every one of us are now sick because of the down price of bitcoin. Right now if you look again in the market it starts to fall down again. I'm also sick on waiting on another bull run and one of my expectations on this last quarter of the year is the price of bitcoin will recover and might reach the price of 12,000$. But, I think at the current price of bitcoin we might not see another bull run and I think I will hold again and maybe I will prefer to sell my bitcoin after the bitcoin halving that might have a chance to pump.

For bitcoin to be relevant it cant just continually go up in a straight line forever, that's unreasonable.  Just this year bitcoin went from $3k to $12k, because you didnt make that profit from that run you are sick of waiting?  It's been a couple months of downward movement, MONTHs not years.  Cost average buy on the way down and enjoy the downward trends as much as you do the upwards trends.

I guess you have not fully understood the flow of the crypto market, a market that is going up and down is a healthy market.
Patience is important here in crypto. If you get tired just pause but if you cannot really go with the flow it is not for you.
Find another venture that you will feel more satisfied.

Then I guess Bitcoin is not meant to be for the OP as the market in unpredictable and manipulative, so we cannot really control it unless we do have enough fund that can control the market. Lol. Anyway, patience is always needed if you want to succeed in life, there is nothing as instant. Yes the price of BTC could be rise but we don't know when for now let's do our part to promote it.

I expect that to happen next year. Another surge that will push to a new ATH high is possible to happen but not in this year. The halving and more adoption will happen soon because in 2017, not good numbers of people knew bitcoin but now is all over the media and social gatherings.

As we can see, almost two years have passed since the writing of this topic, and we are still talking about a high share of the likelihood of another drop in the price of bitcoin at its current rate of just over eight thousand dollars. And again, no one can say what will happen to the price of bitcoin even in the next few months. I only know that bitcoin will rise and fall many times in its price. It seems that by the end of this year we will not see his previous price record, but next year it is quite likely.

The bull that will bring the price to that level needs to have more supports and not just the hypes of halving but real adoptions and daily usage for the demands to create more pressures.

You need to have a lots of patience waiting and more spare money to keep buying to enjoy maximum benefits.

I think BTC is hard to climb because the market trend is bad. Due to much bad news about Crypto will exacerbate both Bitcoin and altcoin prices.
Many also scammer impersonate an ICO that makes a fret of investors to invest again in crypto. Maybe if the market has started to improve, supply and demand good Bitcoin will return up as expected.

Lately there have been a number of topics that have long been discussed again, where the topic at that time was in accordance with market conditions or other conditions.

Being in bitcoin or cryptocurrency requires strong patience and must accept when conditions are not what you want and if you feel not strong, you can stop or switch to long-term methods to avoid worries.

The price did recover but it seems many are expecting the market to do the same it did during 2017 and that was a special year, we may see something similar in the future but I doubt it we are going to see it after just two years, the market is likely to remain close to the current levels and if that is not enough for the people currently in the market then they could always get out of the market and comeback once we begin to see huge movements in the price of bitcoin again.

yes, that was the posting at the beginning of 2018, I believe the person who wrote it was really emotional because the price in early 2018 experienced a significant decline, and I'm sure that person made a purchase in 2017. I agree with your opinion, being in cryptocurrency or bitcoin requires patience because cryptocurrency prices are volatile. before starting to trade with cryptocurrency that person should be ready to accept the risk. so that when the market price does not match what we expect, we can accept it gracefully. keep your spirits up and be patient friend.

Normal thing for these bullish and bearish sentiments post depending on the current condition in the market.People will continue to give out their own
insights on the current events and its impossible for you to be worried as an investor or trader when you do able to see on where the prices are heading.
Patience is a must but when emotion do strikes you then it will shuffle or scramble it out your plans and set-ups.Getting sick of the price? then get used to it
because market wont ever change as you wanted to.

We must admit that not everyone has the necessary skills to get profits in this market and we cannot expect them to get used to this, remember most investors are small investors and are really adverse to risk since it has taken a lifetime to get their capital and they think that if they take a risk that is too high then they have high chances of losing it, but at the same time they are greedy and they got in this market for that reason and when the price is moving in such unpredictable way they cannot deal with it.

I had to check the price chart to see where bitcoin was at when OP wrote his post, and it was definitely sliding downward--but at the time it was at around $12k.  Right now everyone would be having a screaming orgasm if bitcoin got to that price next week.  Hindsight is funny sometimes. 

And my sense of bitcoin history is shoddy to say the least.  I didn't remember how long it took for it to fall down to around $3300 from its ATH.  It took way longer than I thought--bitcoin was falling for most of 2018 and it wasn't until December 2018 that it reached that valley in the price chart.  I guess that's partially because I don't fixate on the price and I probably didn't own much bitcoin for most of 2018 (and it's close to that now as well), but my memory of such things is kinda sorta shot.

As of right now, I'm not sick of the price at all.  I'm very happy, in fact.  You have to realize how volatile the market is and that crazy bull runs like 2017 are going to happen, as are crashes like 2018.  If you can accept that you won't get frustrated.

Anything above 1000 is good seems to me, beyond 3k even better and above 5k like this is plain sailing.   All the other prices are just a bonus and everyone has a tendency to take the good times for granted but its normally that price has a summer and a winter and both are needed for a full market.
  All I could say to really explain would be that BTC can move fast in the short term but it is a surprisingly long term asset, it relates in some way to macro economics and movements of the Dollar I think.   So we have to accept good things take time, without being around years it can seem negative now but its not really and I dont have a worry about prospects especially.  Price weakness is not that damaging if market manages to even things out more or less every week and its doing that so its not a big deal.

True words, the plus side of being in the market for a long time I guess ?
 
There is no mercy in the world of cryptocurrency,for most it is just about how to make more money. When big pump is start at beginning of last year smart people know that a big correction will take place,but for all new users who boarded the ship at full speed all this today looks very strange. Like a replay of 2013s.

For some this is trembling,for others it's a time for great opportunities. Guess many old coiners are calm af right now and enjoying their cocktails on a beach.

certainly no one knows for sure when the price of bitcoin will return at $ 20k we can only speculate. investing in crypto does require patience because the market has a downward and upward trend. and we also don't know how long the market has been going down and up.
but if we look at the characteristics of bitcoin and the amount is limited I'm sure in the future the price will be more expensive. and also every 4 years bitcoin halves this is a good opportunity for bull run. so I am optimistic that next year the price of bitcoin may reach 30k.

You have to fully understand the market so you'll get used to it.

This is not a typical of investment where its stable and we can predict it easily, this is very unpredictable and always believe that this market is manipulated that is why sometimes it goes sideways  and sometimes we witnessed a significant drop or increase, that's how volatile it is and instead of complaining, why not try to study the market very well so we can learn and make a good decision next time.

True,  everyday in fact every moment is a learning curve for us wherein we being in this domain for long time knows that the market does not go as per predictions and everyone has a different opinion about the market situation and make their own move based on their strategy.  We cannot be frustrated with the market situation rather studying the market will help us in further moves as you have rightly mentioned. 

yes everybody has own predictions about the market but these predictions sometimes works usually when they are according to the exact information and data, most of the people are the good predictors who can predict the price of bitcoin that is because of their research and study which makes them perfect, so i think there is always a room for learning something new about the market and 'study' is its best solution.

Already know this fact for everyone, because Bitcoin is a volatile cryptocurrency so own prediction also never possible on every day market. I think this year starting everyone sick in Bitcoin so many peoples are open the thread so we also concentrate the current and future possibilities.

Just lean back and enjoy the next trading range until the market brakes out in a direction. Both the 50D MA and the 200D MA should act as support and resistance.

https://i.imgur.com/RIhe2Am.jpg

People simply rely on the predictions of those people who have history of making appropriate predictions. Most of the times, these prediction makers are the ones who have deep connections with the teams of coin projects and are in touch with the whales who are capable of making hug changes in the market. In addition to this, we cannot ignore their significant market and technical knowledge. In short, not everyone can make predictions. People follow these mentors for predictions.

This is already happenign before and people only relying in predictions even it is a false analysis to manipulate and make people to invest and lose money. And that is the reason why some pro traders and make a post about the chart to confuse their followers and make money by making a false prediction and this is just like a pump a dump scheme but in a different way.

And it is really hard to look for a good mentors to follow that's why it is much better to self study.

Theres no wrong on following on an analysis but somehow we should follow into those realistic ones rather than into those who aren't specially on long term aspect.
The thing here that should really be put up on ones mind is the risk of losing money which everybody do fails of to do.Its not really a surprising thing that majority
do commit mistake yet this market is always been unpredictable and very volatile and if you do hope on getting profits easily then you should changed up that kind of perception.

I dont rate the 200 day or 50 day to be support as such, I know they have held the line but short term the market will do anything so long as there is enough traders willing to respect a level. Over weeks it shouldnt especially be that moving average that is deciding areas to hold or not, as its an indicator but fair enough if it works it works.

I just look at certain points as a show of strength and if it gets past that and holds then its indicated strength or weakness.  

https://i.imgur.com/p5mGMGK.png

Here is 4hr bars and blue line is 8 day and the yellow is 30 day.   We are still quite weak is what I estimate but if we above the 30 and 8 day I think the price is in a positive phase at that moment.    I expect more weakness (or least a move to 'reset') when its not passing either of these, otherwise the target would be 9500 for it to first meet and beat if we do get a show of strength.

I have never been in favor of following others specifically for predictions regarding prices of famous altcoins and bitcoin. Most of the people are simply making followers fool and ask for money in order to help them with trading. I believe that if you are involved with bitcoin, you don’t need to follow anyone rather simply keep in mind that the coin will definitely pump no matter how much time it takes and buy low.  

It comes a time in which even if you still have a lot to learn from the markets you are not going to necessarily get better at predicting what it will do, you must always accept a degree of uncertainty from the markets, this will save you a lot of frustration, it is understandable to have a desire to predict the markets perfectly but that is just a dream, if you can tell 90% of the time what the market will do, and some strategies are able to do exactly that, then you have already reached the limits of what it can be accomplished with technical analysis.

You are just here on September and for sure you actually didn't know the flow of the price of bitcoin, if someone told you that bitcoin will reach $50k this year then why would you believe that? No one knows here what would really happen on the market, all people here are just predicting and there is no exact prediction happen with their prediction. Don't invest immediately if you didn't fully understand the flow of the market.

The market has never gone as per prediction because most people that are predicting are not doing it the right way by just predicting based on what they believe and base on cycle or what happened before, while the real people are the ones that predicts with strong and accurate analysis which we only have few people that are doing that and majority of other that are even analyzing are all relying on technical analysis alone for a market that is fully unpredictable and a market that is based on speculation and the most analysis that I feel is very important is that of the fundamentals, like the time that china president announce support of cryptocurrency, we would be able to know immediately that the market will react positively to it.

I would not doubt what you have said here because that is what is happening, and this is the main thing that makes me not to pay much attention to some of these public figures that are just coming up to predict prices, create fud or fomo to just say things that will be in their own favor and you see lots of people believing so much in them and thinking their own value is the most accurate one.

Listening to people’s opinion will only miss guide us, and we should learn to always do a proper analysis on the market ourselves, because whoever we say are expert in predicting the value of bitcoin are not the expert that we think they are, but manipulators who are also working with some of these terrible whales. I have learnt to just study them and know when to get to the market through them.

Given this, we should already know better that these people spreading predictions just wanted to create confusion to people most especially newbies. I also think that these people spreading these unreliable predictions who are somehow linked to whales who just want to create commotion and also try to manipulate the price through these predictions. It is better that you understand the market on your own and make your own predictions.

It is a learning curve because no one really know how the price will go, either short or long term.

That's why we have seen countless TA resulting in the opposite direction. When we thought that the price is going to hold, suddenly it goes on the opposite direction. I still remember in 2018, wherein there are lot of experts prediction that the price would go down below the five digit market, but look at to what happen after reaching all time high.

To the OP, Its pretty obvious that newbies like you will be disappointed, but as what I have been saying, let the market takes it's normal course and eventually we will get this hump.

I don't care and you should do the same. When I see some red I look at the price and tell myself that I've been in a much worse position. Even this year when we were at 4k and I didn't sell so why should I panic when we are at 8k.



The reason it happens is that every single trader wants to outsmart the herd and think's he'll follow the TA, but with a little twist. When the majority is panicking at 6k and think we will revisit 6k that "smart trader" will say "they are all waiting for 6, I'll set up my traes at 6,5 and to be sure I'll start buying earlier from 7k in case they bounce up earlier". In the end most people do it and the price stabilizes at 7,5k to never go lower.

I think you mean 2017 ? In 2018 it was rather the question if the $6k support would hold. That was devastating when we broke through..  :-X

who invited you to come to this forum and invest in bitcoin, that person must be annoying for you, when you made this post the price of bitcoin dropped dramatically and even at this time maybe you see the price is still not showing a definite change, but hope you might haven't sold your bitcoin until now and still hold it, if you still hold it you don't need to sell it just wait for the time not too long next year, hopefully you get a bitcoin price that doesn't make you sick  8)

No, it's 2018, remember that in December 2017 we reached all time high and everyone is very happy. But beginning of 2018, the bubble has been burst and all signs that the price will go down hard. But the so called experts says that the price won't go below $10,000, LOL, at the end of 2018 the price is pegged at $3200 if my memory serves me right.

We're just collateral damage of that BCH vs BSV hashing war, damn Ver and cohorts vs CSW, that's why the $6000 support levels was broken that time. Anyways, we have move on already, still tough times ahead, but we still have aces in our sleeves, the "Block Halving".

I think the reason why people who got easily sick with the market invested in bitcoin thinking that it provides easy money in a short period of time without really understanding the bitcoin market fully. Well, it is true that bitcoin is a good source of income but that is if the market is in the bullish times but always remember that the market is not always bullish sometimes it becomes bearish for months before becoming bullish again. Bitcoin is not the same as those ponzi scheme where they promises bog returns in a short time, for you to survive in the bitcoin industry you have to understand how the market really works and also ready for all the risk it has with it.

I think in the exact same way, if I did not panic and I did not sold my coins when bitcoin reached its lowest point this year and I was sustaining losses why should I panic now when the price of bitcoin is higher than at that time, it is better to not think too much about the market otherwise we will always be in a state of frustration, as those that want the price to go up that are mad because the price is not doing what they want while those that want the price to go down are mad as well by the same reason.

I am always greedy when prices rise, I want prices to continue to increase and ultimately I do not sell at the highest price. but when prices fall I always panic and want to sell it right away.
when it's already selling, then the price increases again, but when I buy why the price always goes down, like a few days ago when I bought at $9500 I thought it would go above $10k, but now it almost even touches $8k and I'm really frustrated with the price at this time.

You're the average investor! Most people think like you and there even diagrams that show how the market follows a circle path and people always overreact and overshoot the target.

Do you remember how when we fell below 5000 USD Tone Vays and some other traders were screaming that it's going to 1000 and it has to go there because technicals demand it and there was no capitulation? They overshot the same way people were later overshooting when we broke 10 thousand that now it's full bull market and we have to go to 20.
The average investor panics, overshoots prices, is too hesitant in a bear market and too sure of himself in bull.

no one can predict the peak for sell . and you most hold for long term without selling for buying again . remmember past bull run of the past when prices rose without stop . this is the risk when you try buying and selling . the cause of current drop is that some or little traders want buying under 10000 usd per btc

and right now the price of bitcoin is touching below 8000 usd, I am a little panic if it will go down further. ya, maybe it's not a good idea to sell now and try to buy again below, because I have limited funds. no choice may have to be patient until next year. just hoping the end of the year can back to 9000 or 10000 usd.

If you are constantly taking bad decisions when it comes to investing then you need to rethink what you are doing in the markets, there were many investors that were very happy with the huge pump in the price that we saw weeks ago, but to me that was an obvious bull trap, instead of seeing a small and steady growth in the price of bitcoin the price went up very rapidly, that told me that was a fake movement and since then the price has been going down and it is returning to its true level.

Differentiating a bull trap and the real one is really hard. Are you sure that you dont have those thoughts that it might be already the start of the bull phase?
Basing on TA's on identifying bull trap can be spot out but we know that anytime it can be breakout without our awareness or notice thats why people do
keep on committing mistakes when we do trade.Some are just lucky to follow up their guts and intuition when it comes to decisions on getting out while they are still on greens.

This is what happens when Wallstreet gets there hands on BTC and future trading.

I don't really understand how you can fail to digest its history by this point. You get a boom. Then you get a bust. You'd better acknowledge that it's going to happen.

You can make easy money provided you arrive at the right time and, rather more importantly, leave at the right time. Very few have the judgement and balls to time it.

My preference would definitely be to put that cycle to bed and settle into something much steadier but it seems we're still a long, long way from it.

Well no one ever said that trading was going to be an easy activity, in fact I have made my own share of mistakes that have cost me money during my time as a trader, but at the end it doesn't matter because I learned from those mistakes and now I am a better trader because of it and despite all of this I still got profits and I'm happy with my performance and I know that as time passes that performance is going to be even better since I have tested my strategy throughly.