Bitcoin Forum

The market so far has been down for the year. When do you feel the market will recover? Too much FUD going around with negative news floating around. Will Bitcoin go down further to USD 8-9k??

be patient sir..... wait one or two months later
i think that is the time for exchanges and altcoin to improve...

I agree, definitely wait. This time last year the same happened with prices going down then exploding for most of 2017. This time of year the price goes down with the chinese new year and taxes having to be paid.

It feels like the market is down because someone wants it to be that way. They are accumulating now and then eventually it will pump again.

The market is usually down around this time of the year. We just have to be patient and things should start pumping again in the future like it usually always does. We just don't know when. Could be weeks or months.

Bitcoin price was dumped because of profit taking so we should wait for new investors who can invest huge amount of new money into Bitcoin which they cant right now because most of the exchange platform have stopped accepting new members and there is still lots of fud regarding Bitcoin in the air. So all are fearful to invest back in Bitcoin.

Market might turn into bullish after few weeks or months.

The market will be up in 2-3 months , since now the investors are getting ready to get into this Bitcoin Market and earn profit..they are just sitting aside waiting for the perfect opportunity, I believe so because when the price  came extremely down of what it is right now it took it less than a day to recover because there were people buying at a massive rate .. if there was none then the price wouldn't have been ... Again re stabilized .

Thus I believe that patience is the key ..one must wait for the price to touch the sky again .

There are quite a lot of market manipulation going on at the moment. Since the introduction of institutional capital late in December, we have seen wild fluctuations in the price. Someone is definitely pushing some kind of an agenda behind the scene, because it has not been like this for many years.

All indications are that Bitcoin is going to explode once the Lightning Network are fully implemented, so someone is pushing negative news and dumping coins to push down the price, so that they can come back in at a much lower price. ^grrrrrr^

I will encourage you to wait a little while the market will pick again, remember the same thing happen last year January the price was down but by the middle of the year the price went up. The best thing to do right now is to wait hold your bitcoin and don't do panic selling in no time the market will rise again.

The market is lusually low at this time of the year for the last three years largely due to the Asian festival and profit taking that usually goes on at this time. If you have the resources this is the time to invest more because I believe within the next two to three months the market will be high again. Also, because many exchanges are not accepting new registration right now therefore closing it doors to would be investors that would have help to make the market to go up on time.

It will definitely pick up again, there are always time that the price will fall, but in the long term, it's constantly rising, so just wait and have patience.

Fluctuation is the behaviors of this type of market. We have to take this normal. I hope within 2 months market will get normal. Now it's trying to get stable a bit. But as per past experience hope it will back soon.

Not only wait, but it is time to look for more fiat and get ready to buy the dip. If you do not have a job, it is a good time to look for one even if it is part time.

Joining a signature campaign helps but it is not enough, I want more. Hahaha.

With that in mind, if you have suggestions on how to make more money, I am listening.  8)

A correction like this has been a long time in coming. It is perfectly normal for any asset that's been going straight up to blow off some of the froth and steam. It's actually healthy for it.

What's happening now is that the weak hands are being shaken out. Liquidation breaks like this ultimately strengthen the market by removing sellers. Its like how small earthquakes relieve pressure on a fault and prevent a much bigger, catastrophic quake later.

We really don't know but one thing is certain when there are several news outlets around the word reporting negative things and fear about bitcoin and in cryptocurrency investment in general, its price will naturally go down. The weak hand will surely give in most especially when they constantly seeing a downtrend and reds in the chart.

However, if you are a true believer in bitcoin and speculate that its price will go back to its pace and will rally high again, you don't really need to worry because you know and believe that it will eventually recover. Just hold the line.

I am currently red even in my trading but I feel that they are a good buy because the market will recover and no amount of bad news against crypto will stop a true believer of cryptocurrency from investing and accumulating more.

Everyone will tell you that it will recover but it is not true! This is the end, you are better of selling of all your tokes or even better send it to my wallet as they are completely useless, let me know what tokens you have I will send you my wallets addresses.  ;D

"down for the year" as if we are halfway through the year :D
only 22-23 days are past from 365 days. and the "down" started at 15th January.

and so far it has been the same pattern each year, when price is dropping like this in January (the beginning of the year) and then starts picking up and initiates the rally in February with ATH being reached by the second or third month.
and right now things are getting ready for the next month.

Sometimes, bitcoin market recovers from a very big dump like this the moment you have sold everything out of fear. Don't mind negative news. If you have extra funds, try to buy more when it goes even deeper.

Perhaps the market is down now because of some FUD spreading fake news around the cyrpto world.  Maybe the price will not climb now because of this issue, which is the common reason why the valued always decreasing gradually. But i suggest to stay holding dont mind those fud because they are stupid people who want to destroy the reputation of bitcoin. 

I do not think that it will be touching less than $10,000 again. It is just matter of time until the price recovers back again and go up, it will happen sooner o later, and there are no doubts about that.

I am just waiting until it touches $8000 so i can buy a few more.

because of that fake news the price of bitcoin currency will not jump up the only thing we can do is wait and while you are waiting until the bitcoin price will increase again if you have some extra money keep buying bitcoin because it might be increase again in the next few days or next month.

The price of bitcoin has been experiencing a great fall in value. Possibly the market requires lot time to pick up again reaching new ath. Each day the users hope for an increase in the price of bitcoin, but everyday things were taking place in the opposite manner going downwards.

The market will up again in a few month later. No need to worry about the market down and slow. Believe it will up again fast.
Bitcoin market still high in demand, please hold your invest in bitcoin and let's see minimum 3/4 months later. Will give you more profit.
My experience in bitcoin after 6 month, bitcoin can give you 100% profit.

Short term speaking I wouldn't see bitcoin go down under $10k. We have already tested the support two times and both times, we came close to crashing under the $10k figure but on both occasions stopped just short of it.

So what we can conclude from last week's crash and this recent correction is that $10k is the main support right now, and based on that support we can slowly recovery to the price levels that we saw late last year.

I'm still quite optimistic about bitcoin this year, there are still going to be some events and outside influences that will make price somewhat unpredictable, but the general trend is going to be up, and then stabilize.

By the end of the year, it wouldn't be a surprise to me if bitcoin settles above $20k, just like it has settled above $10k this year. If you see it crash below $8-9k, you should probably accumulate some just for the future, since it is dirt cheap.

In Jan 2018 1BTC = $16500 and today its worth is 1 BTC = $10500 , so its tough to express when market wil pick up again, but market will pick up again its sure.

Those pumps will be happen on November - December as statistics says on it and maybe for that month we can experience another pump but for now maybe the one we can experience are those stability and dumping since many people doesn't really know if they could trust the bits at this time since their are so many people are dumping their BTC for fiat safekeeping reasons.

It went down below the $10,000 level slightly just now, which shouldn't really concern people as long as we don't break through the previously set bottom. It's pretty much the thin overall market allowing these swings to reach this deep down. It will likely keep moving within a new range that happens to be $10,000-$12,000 (give or take a few hundred in both directions).

It's pretty risky to wait with buying till the market drops to $8000 since it may not even happen. From current levels its just 20% decline to $8000 anyway, so it's not even worth waiting for if you plan to invest for the long term. If you want to wait anyway, then make sure you buy some at current levels, and have the rest of your funds aside in case the price does happen to fall down to your target price of $8000.

It's tested the $10k mark again today.

The Bitcoin price is correlated with the Google Trends graph for searches about bitcoin. And as you can see:

https://trends.google.com/trends/explore?q=bitcoin

interest is heading down to what we saw back in November, so it's not surprising that the price is at November levels too.

As there are lot of negative news around the bitcoins, it will take few more months to stabilize the price. Once the investors are confident, the price will start to move upwards. One positive news will also help to shift the trend upwards/positively, we should have some patience. We should hold the bitcoins for longer time instead of liquidating it under the fear of loss.

crashes are very normal in bitcoin, the correction of this bitcoin price from the previous sells are still on process, this is the perfect time to buy/invest in bitcoin because of its 100% drop. imagine this will be considered as a 100% bonus to buy/bought bitcoin now then hold until next year. im sure there are no dip happen again like this in this year.

Crashes can take a long time to recover. Back at the end of 2013, the price of Bitcoin rose to about $1,200 before crashing down to around $200. The price fluctuated between about $200 and $600 until the end of 2016. It took about 3 years to get back to the high of $1,200 again.

This time I think the recovery will be quicker, but there is no guarantee. Now with Bitcoin being more well known, it may be easier to get back to $20,000.

Why are you so desperated about when is it going to happen? i am quiet right now, i am not desperated like most people in here.

We all know that the price is going to go up, but we can not expect it to happen just tomorrow or today! The price has went up by more than 10% today.

I think we should be aware that the tremendous bullish trend that bitcoin experienced throughout 2017 was something sui generis and unexpected, because never in the history of this new market had something similar been observed, and just look at the historical graphs of bitcoin to see how abnormal that performance was. Therefore it is expected that at some point the market would need a rest given the unsustainability of a similar upward career for a very long time, and this pause could last for several months, so there is nothing left to be patient and reassure our anxiety.

Price will pick up in due time that would even surprise us because there won't be any tangible reason to hold on to that is responsible for such spike that would be witnessed. The problem we have is that we are too impatient to see a red market we all want a forever green one and when we get a green, we want a greener situation. The period that we have been having a downturn in price is even not up to a month. So everybody just chill what will happen will happen.

When the investors and whales will start shifting their money from alts to bitcoin, manipulation is at the peak during this month.
The imposing of bans and regulation laws day by day in different countries over cryptos is also the reason of the high uncertainty in the market.
No i don't expect that bitcoin will going fall an further from $10k, it will oscillate between $11k to $13k even if it will not going to rise in near future.

It’s a good opportunity for new investors to engage. Shopping time for those who have the means to buy bitcoin now. I believe something is causing this rapid and dramatic fall but whatever that something maybe, bitcoin has been proven for years to be strong, if not it would have not survived.

I would agree with that. The recent price correction was a test to see how low bitcoin would go, and it won't be going any lower than $10K. The support for bitcoin has proven to prevent it from getting any lower than that. Without the recent FUDs, the market has already been recovering from the correction however it has gone down again. It may rise again after awhile unless some event were to occur which would cause another disruption.

I don't think we should wait long time until the price reach a new all time high. What is happening now is not something new. Like before, price will rise again very fast. When the price starts to rise again, many people will invest again and will cause the price rise to be very fast.

We're seeing bitcoin rise again to $11k+ today. So the people who said that bitcoin was going to go sub-5 figures was dead wrong this time. It is clear to me that this sideways movement should be a signal for accumulation, as there is pretty much not going to be a chance that bitcoin will go down under $10000 for a prolonged period of time, at least.

This makes investing in bitcoin now a great option for anyone to consider, and anyone who already has bitcoin should hold onto their coins instead of dumping it in my opinion.

Just consider this - the max you'll lose at least for now is around 10% of your total investment(price shouldn't go under $10k), but there is infinite upside. Bitcoin could achieve another ATH this year, it's not impossible.

We know that panic is still happening, fud, rumors, hoaxes are happening everywhere and it makes users panic and sell their bitcoin, let alone falling prices worsen the situation. I know there are many people must be afraid to hold their bitcoin because of prices that do not go up. I will say that be patient dude! if you get in a panic and lots of users also experience it. then bitcoin will get worse. so be patient and do not panic. wait a few days or several weeks ahead. I'm sure if many users think the same bitcoin price will re-recover

Markets are in downward motion till March. Wait the summer time.  :-*

i think its happening, do the technical analysis and youll find it out, the lightning network upgrade has to do with this i guess..

I disagree with this, i don't really think that fake news and bad rumours about bitcoin will affects its market value. Because this crushing down of bitcoin price is actually familiar and it seems happening every mid January for how many years, and suddenly rise higher than what you've expected.

But there is a certain issue that even negative news have an impact towards the price we can sure see that back then, Even though this kind of movement is very usual in the month of December and January there is a certain possibility that news can sure affect the movement and price of bitcoin and certain panic selling can occur if the community have many weak faith towards bitcoin.

Maybe bitcoin will go up again this year after this drop. We all now experiencing a long time drop today and it is stable at around $10k-$11k. Hopefully bitcoin will go up again in February or maybe in March. We all don't know and no one can ever tell us when it will go up again but patience is a big key for us to gain profit here in bitcoin.

Maybe you're right that the price will start growing in February. So far, there are a lot of FUDs. The need for some good news is that the price can move up faster. I think that higher growth will be around the summer.

Now the price of bitcoin is just raised back 11,000$.In this January the price of bitcoin is fluctuates often due to the fake news spreaded over the forum and among the bitcoin user.Only China made the bitcoin as illegal, but still now their are lot of traders in China. Then South Korea news,actually bitcoin is not made officially illegal in South Korea. So the people in South Korea should not sell their holding bitcoin due to panic.

Price of majority crypto currency are low now. In my opinion, at the end of February or early March crypto currency will be able recover price. We should not panic for it's price. Hopefully after some days, people will be interested in Bitcoin again and for this reason price will rise again rapidly. Be patient and wait some days for pumping price.

As I see it, the crypto market will gradually go up. I am waiting that altcoins and Bitcoin will jump close to Summer 2018.

No one really knows if it is going to recover in a month or two but you are right. Holders have no other choice but to be patient and nothing more. If they retaliate and let it affect them then they are the one who’s going to suffer. Who knows, it could go back to 20k$ again and could never. This is bitcoin’s behavior and by this bitcoin is known.

I doubt it. BTC has major problems with transaction fees and altcoins are taking over... Good luck, though!

It will recover and it will always be back up again. Q1 has been the most quartet where bleeding is rampant. The market is still adjust to the new demands it has since it is a year. I still believe bitcoin can go dowb to 9k usd but it will bounce back in  a matter of days, weeks or months.

In the past 2 years the January price has dumped following a steep increase, and then over the next 6 or so weeks it has recovered to it's previous ATH and then gone higher. That puts us at about early-mid February if the same pattern follows. I'd say we should be seeing slow movements up for the next few weeks until we're in business again.

Dude. This is Bitcoin! Buckle up and HODL. 2020 and a test of $4.1k

To further my point, take a look at this chart:

https://i.imgur.com/J5wbF27.png


Look familiar to anyone? This was the chart last year at the end of December and leading into January. Notice how there's a sharp increase in the price around end of December? And then a falloff in January? And then a slight recovery followed by another bigger falloff? I bet a lot of people were worried then too.

Check out what happens in February and beyond. This is the same chart as above, extended until March.

https://i.imgur.com/106Swk1.png

It's not the end of the world. Not only will the price go back up, it's going to go higher. Be patient and HODL.

we better to wait instead of trying to predict something in the market, for me, all markets are suffering corrections of all coins. bitcoin is one of those coins that suffering more correction from the last year sales. this correction leads some investors to sell their coins in order to cut their loses which is not the right thing to do. sooner or later we will all back to normal. just hold on and never been catch up for those FUD news that can creates more panic selling.

all uncontrolled publication of information about Bitcoin trade creates an active artificial manipulation of opinion by Bitcoin users. Thus, the market is being manipulated and therefore has a significant impact on the Bitcoin price performance. Last year Bitcoin had a good and stable growth, but this year we can lose almost half of last year's figures. I think that all the forecasts are not more than personal opinions, which can not be taken into account.

None knows when the market is gonna move forward letting users to benefit out of the same. At present the growth of bitcoin has got paused due to regulatory issues prevailing around different countries. When this gets saturated, slowly the growth of bitcoin will begin.

Also take a look at the September crash.

https://i.imgur.com/521WUD6.png

China shut down a few exchanges and the bitcoin markets flash crashed. The price was close to breaking $5k before going down to $3-4k and it was sticking there for a while. We're already at $10k+ right now, even though it's technically bearish atm.

It's important to not panic in these situations. The worst case situation is that bitcoin will not make another ATH (which I highly doubt, by the way), but will still make a move upwards before anything catastrophic happens. Selling now is an idiotic move.

You're right. Be patient, nothing happens overnight. This recovery is no different.

Some whales may be welling the price to decrease more and therefore they may be trying to spread such wrong news in the market so that people may get panic and try to sell their bitcoin in more low price and they get the chance to buy but i think most of the investors have now become more mature and they are not selling their bitcoin even in such panic situation and that is way bitcoin price is getting a strong support in current position.

I think the bear market will continue for a little while. Might slip under $4,000. If it does ever recover, it will probably take several years. I think it won't though, and an alt coin will eclipse bitcoin. Bitcoin has too many scaling and technical issues. It's just really intrinsically not worth anything.