Bitcoin Forum

Seems like the market is going through one of its bad days. The slope of almost every cryptocurrency including bitcoin is falling. Do you think the market will further fall and that might be the perfect time to invest or the current present time is the best to invest and wait for the market to be stable again.
And what do you feel about this drop?
And what are your favourite altcoins which you truly support and believe in?

I feel this drop was supposed to happen. There was the huge pump in crypto last month and December which was associated with the "young blood" money coming into the market and also the post-bitcoin forking people were hodling btc. That growth was "unhealthy" so to speak and I was expecting the drop to come in January.
 
Litecoin is something I am holding but not confident about. Its a legit project and I am ready to support it. I am also supportive of ethereum and ripple as long as they give me good profits. Monero and DASH are two other coins which I like.

I think one more week is an excellent time to check on whether to invest or not. The market is getting worse without feeling it will not keep going down so try to wait next week. I love GVT, UTK, INS, you can find information about them and can invest if you like. Good luck.

I think this is a good time to buy bitcoin, if you are worried about bitcoin, you can buy half a bitcoin now and buy bitcoin at a lower price if it continues to fall. The cryptocurrency market will quickly rebound in March as major Asian investors return to the market, where speculators are already buying enough crypto.

nobody is going to know when, unless you and your group are capable of influence the market.
for us, the followers always follow the trend.  Don't time the bottom, wait for the reversal, and get it when it is higher :)

No body know which level price become support of some crypto because in daily chart the market look still trend down, so for the better wait again to get better price and best time to entry. In technical analysis when the daily chart on over sold and long consolidation , that time is best to entry so should be patient wait for that.

Cryptocurrency market is unpredictable. I don't hope much. For now I will just hope that some people can solve bitcoin problems about scalability and transactions fee. The bitcoin transactions fees is very high when the price over $15000. Maybe bitcoin is not ready to experience the increasing price for one more time. I still hold my bitcoin, I will wait the right time to buy, when the price start to rise again.

Yes right now all of digital coins price goes down and i think it will be over right now because the bitcoin's price hits to $6000 it is support area and i will do reinvest right now, i feel this drop is like something discounts be given by the panic sellers. My favorite alternative coins is ethereum because this coins will be recovery soon based on my experience in couples months ago and it can be used for investing in ICOs if the price still can not get back.

The bad days? Yeah may be but it will get the good days also when it goes out of the curse of regulations soon. The bitcoin and crypto is going down because of these bloody news all over the internet and now they stated coming into the news paper and channels as well. This is giving it very official and serious mode to the whole matter. People are scared and selling like crazy I believe. If we want to see some good days then whales must stop playing with the middle investors and government must stop the non sense meetings all over the globe which not even giving the legal status to the bitcoin itself. They are just gathering, opening the bottle of wine and going back homes. Thats a sucker punch.

I feel this will experience a deeper price reduction again should you wait for the right moment to buy again understand the market situation do not let you melen the moment to buy when the price is very cheap.

Only those big whales are capable on influencing the market and also they are capable on dictating how the market will react in their move , just hold and invest as long as you can , that is the only thing you can do for now.

It is too late to sell but still too early to buy as the big whales will push the price down further. They want to squeeze out every ounce of profit from all the losers who are now selling and losing and panicking and they will continue this drive downwards until all the sellers have been squeezed out of the market and any of their profits taken away as this is what banks and whales do. It is their job to get richer and richer and watch the rest of us who just hold or sell get poorer and poorer. Now all we can do s wait for the next bull run if there is one, to offload some of our stashes with some small profits.

Because of the long increase of price december may be the dip be continue wait more observe atleast a week if the price dont go up wait again for a week until the price increase. I think when the price start go up its time that you hold a coin. 1-3 months you will make a profit. :)

Im waiting a little longer, the market now is too unstable.

We should trust the power of crypto and extend our support so that it will rise again. We also do not know what exactly the real reason of this downfall and maybe what you just pointed out is one of the many reasons. Back to the topic, for me I think this is the right time to buy because the value right now is really low compared to previous months.

This is probably the hardest question to answer. No one truly knows what the market will do. I got lucky when I sold a lot of my funds at 8k, and bought some during this dip. A lot of people are predicting btc will go to 5k, but take it with a grain of salt.