Bitcoin Forum

Bitcoin is at the crossroad of SMA 200. Will it give in or not, that is the question?

Last month it hit that SMA 200 level and bounced. Will it repeat again?

no fud, no fomo, just a piece of information.

Now that bitcoin prices are falling, some people say that this is a good time to budge.
If investing in digital assets is betting on the future, then “small gambling” is the most pertinent advice for investors.

I think its time to prepare some cash so that you could buy more bitcoins in case if it drops more rapidly. It maybe require some time to recover, but im sure it will reach new height in the near future

You see lots of PR now because they know this is crucial level and they are looking for support.

I don't think that now is a good time to invest because the news from the recent market is very strange. The whale started to pull down the disk. If people join now, they may be trapped inside.

The decline in bitcoin prices will be a good time to re-buy. Still remembering that in the previous months of January and February, bitcoin prices fell, but bitcoin prices rose again after the Chinese New Year, and the history is always strikingly similar. You should seize the moment. Buy waits for Bitcoin to rise again.

Bitcoin is always facing tough situation but bitcoin always recovers its downfall.This is just a normal situation of cryto world.i believed that bitcoin can overcome tough times like this.

Price bitcoin always fall is because Media that give Fudd news about bitcoin, and after that there is so much people that believ in that news and then they panic and sell their bitcoin.

Hah !

I remember when BTC was at $50 bucks, and people were freaking out because it was gonna go down !

Now we are still over $8k and people are still posting the same ole type of threads.

The sky is not falling, I assure you. It goes up, it goes down, regardless of what governments, large corporations or other naysayers do or say !

Fuck Google and all that it does. Despite what all these fucktards have done and said, BTC is still here.

It was all the same thing in fucking 2012. They said BTC would never go to $100, and it did.

They said BTC would never make it past $500, and it did.

The rest is history.

Well said sir. In what happening now, we notice that there's a lot of speculation and prediction we can hear, but most of them says and proven that their trust and believe to the capability of bitcoin is so weak. Most of them are already panic and sell their btc. I can't imagine that some of them are like that, because in a long period of time in engaging to btc we always proven that even if how low it's value it's make sense that in upcoming couple of weeks or months it surely comes a higher pumping value that everyone's wanted to have. No more, no less patient and believe are truly key to success.   

one thing is for sure, you can not use Technical Analysis, Moving Average,... to predict bitcoin. bitcoin will move on its own accord. your TA may sometimes work but most of the times it won't. right now this is all unexpected, the FUD and the dumpings are crashing the price and it will continue to do so until the two opposite forces (the other is the buy support) cancel each other and price reverses back up until next FUD.

Bitcoin is facing a tough time at the moment because of its price getting lower and lower but i know that bitcoin will rise again and rich its higher value.

The current price of Bitcoin has been manipulated by the dealer. It is not a good time to join Bitcoin. I think it is now a wait-and-see time. Of course, if you are determined to hold for a long time, then you can buy, because in the short term, the price of Bitcoin will fluctuate greatly.

A few days ago actually bitcoin was trying to break through the resistance price of $ 12k but amid the process of raising it appears FUD about Google will ban bitcoin advertising so some users take advantage of it by selling some bitcoin it and cause bitcoin price in the market back down so they can buy bitcoin to at a cheaper price before bitcoin manages to rise again.

It's facing tough time probably because of some news in some countries wanting to ban or wanting to regulate it. Most people is playing a waiting game, see what will happen and accordingly, some people panic which is not helping at all the situation. I think this normal, volatility is part of anything that is being traded. Bitcoin will recover and will face better times, it always does.

Yes, their cost has been greatly reduced. I think the reason is because google and facebook blocked the ads cryptocurrency so everything went down. That will greatly affect ICO projects in the future. In the future, to earn investors is a dilemma and the signature campaign will be more valuable.

Bitcoin is facing a tough time at the moment because...  big whales dumping their portfolio, mass market adoption can't replace those huge sell-off, no good news about crypto, bad news about crypto etc

Looking at the bright side, it's not too bad with news going around affecting bitcoin price. With a tiny little news, price go up and down for bitcoin which shows the strength and power of bitcoin. Unlike many other altcoin of which the price will only go up and down depending on bitcoin price. The news is like irrelevant to them.

The thing here is that this is not the first time that Bitcoin got into some stumbling blocks and I know this will never be the last as the cycle is just repeating itself. We already have established the history of Bitcoin...as they always say rejoice when Bitcoin is going down because this is the best opportunity to enter the market and some wild profits. Weeks from now, Bitcoin will be back at $11-12K level and those who bought their Bitcoin at today's rate will be happy for such an enormous return.

It is true the whale has stopped and no longer spreading FUD and FOMO but they have been toying with the bitcoin price relentlessly.



They always succeed and win because they are always correlated with other whales to take the coup against the market cruelly.

Bitcoin is facing a lot of difficulties right now because it is affected by the bad news. Some big investors are holding a lot of bitcoin. They are selling bitcoins at very low prices, thus affecting the value. But I think it will soon pass and quickly rise in price

Yes bitcoin is facing tough time since starting of this year. On technicals analysis you are right but I don't think market always moves according to the charts analysis. News or supply and demand is the most important thing to drive the market So many factors drives the market not only technicals. I hope after march market will be bullish again.

why people think that  i dont know. if you say its tough time i say no becuase behind that so many reason on this situation. i dont want to be say its tough time i think its very good time to buy btc because now btc price so reasonable . its perfect time to buy for long term hodl.

Yes, It maybe a hard time for bitcoin nowadays to stop the resistance it was facing in the current cryptomarket situation to gain back the recovery that everyone is waiting to happen. Negative news and FUD has something to contribute with bitcoin to move directly on the upward trend and therefore it should not be given big importance by the people. Good side of bitcoin should be included on this thread and not those thread that will result to negative comments that might be pulling the growth of bitcoin.

I do not think that now is a good time to invest because the news from the recent market is very strange,
This is just a normal world cryto situation I believe that bitcoin can overcome these difficult times,
Bitcoin always faces a difficult situation but bitcoin always recovers from its downfall,
I think it's time to prepare some cash so we can buy more bitcoins if the price falls faster.

It should be expected at one point that the price of bitcoin will experience a fall in value, which is most times caused by some certain factors. In recent times, it is seen that the tough times the currency is facing, is as a result of the regulatory challenge and lack of acceptance.

Obviously, we're in extremely tough times, mainly because of the fact that the current price is $7000 higher than last year's price. It's a massive growth overall, but we're doomed and this isn't going to end well......

I don't think we'll be able to hover around current levels for too long, because once we're a few months away from now, we'll be going up further. We may potentially see $12-$13,000, and that's something we can't be happy with.

The worst thing of all is that next year, we may even hover over the $20,000 mark, and that's the moment we can consider Bitcoin to be failed. I lost a tremendous amount of confidence in the market because of that.

I don't know where this will end, but I wouldn't be surprised to see Bitcoin hit $30-$40,000 within 2 years, so start selling people. Save yourself!

Still hovering at 200 SMA.

Is 200 SMA a support or resistance?

As soon as I read the bitcoin price, it turns out the sales are so fast, so bitcoin is cheap, investors seem to be biting their fingers with bitcoin prices, so they do not buy bitcoin in large quantities.

This is still because of the effect of Mt. Gox. It has definitely not sunk in yet, hence, you would have to admit of uncontrollable factors that are naturally inevitable. No matter how diligent and cautious you are as an investor, things like this really happen. I believe, though, Bitcoin partially recovered when it reached around $11,000 for quite sometime during the first quarter of 2018. That, alone, considering it mainstreamed to such value, is already an effort to redeem itself from the outrageous peak in 2017.

I feel it always comes back even more stronger than ever.
Whenever people are saying it is a failed project or it will just die now it is facing these growing pains
I just say hey just wait a few hours kind of like the weather.
It always changes just like mother nature does. ;D

the tough time may be caused by the big whales who have sold the coins on the top when it was around 20k on the other hand the consecutive FOD made the lack of confidence in market.

If the price of bitcoin in the future will continue to decline maybe me or you all it's time to prepare our cash to buy some bitcoin as an investment in the future. Although I'm not so sure, definitely bitcoin will soon recover.
The one thing we have to keep doing is to continue to support the development of bitcoin under any circumstances.
Good luck.

A lot of people have sold coins which has increased the supply to be greater than demand. Once they start buying back in, the price will go up again.

Since Jan, there was a lot of recommendations to buy bitcoin, but since then the price has gone down drastically.
Still, up to now, the same thing is played over and over again. What is the difference now?

Other than is cheaper now or it will be 50K in the future, could anybody has any good reason?

Bitcoin is going down now because a market cannot stay up forever the same way it can't stay down forever. It will always fluctuate and the price will always change.

SMA 200 might be crossed and it would be a good selling signal, but otherwise, we can just chill down, it will bounce back to 20.000 again...... I think that lightning network + Segwit2x adoption could do the trick. Altcoins would (un)naturally follow.

Well Bitcoin didn't need PR for the past 10 years. It goes to show that you know nothing but create fake accounts and spew the same fake news.

this is not really a tough time that bitcoin is facing, it is mainly the newbie investors who are facing the tough time instead. when people don't know what is going on in bitcoin market this is what happens.
for the rest of the investors this has only been a golden opportunity to buy cheaper coins and end up a bigger BitcoinHodler.

I think it is a good time to invest and the news that we all are hearing about BTC going down are probably hoax.

The maximum possible number of coins is strictly limited to 21 million Bitcoins. Since there are no political forces or corporations that can change this order, there is no possibility for inflation to arise in the system.

At present in a bear market, so everything is possible, I still think the bitcoin will have a relatively sharp fall, so I still keep watching, I don't think that is a good time to buy the bitcoin.

It is tough for bitcoin allright. There has been fud after fud, bad news after bad news, people shaking in the event of all negativity that came. Thus the fall of bitcoin price continues on. Many peolle against bitcoin like the government or the banks are riding this rollercoaster hell of a ride. I've been watching this from afar and i can see noone is doing anything to help.

Any views/insights on the current situation?

Just keep calm, and bitcoin price will rise up again anytime soon. No need to worry so much, from history we learn that bitcoin crash and then rise again, it happened again and again. Whats the different now?

This is the nature of the bitcoin market price movement. It is the second time fluctuation of it since last month that it reach to almost 11k usd and now and fall down at 8k usd. This is somehow a natural phenomenon where in fact bitcoin's lowest market price this year is 6k usd. Therefore it is nothing to worry about your investment. You are taking the investment and you should also assume its risk. So for now go on and forgot your investment anyway you could still earn that money though hardwork. This is somehow if the bitcoin will end then that is part of negativities in our life. Sad but we could also learn from it.

Certainly, fake and bad news about Bitcoin make it fall. We must not support this panic and share the negative and false information. Just stay positive and tell your buddies everything good what you know about it.

Bitcoin very complicated because its market value always fluctuates in the world trade market. 
Through the external factors it can easily change, the hard time in bitcoin is the first months of the year because it is the time where the market value falls down.

Yes, the biggest issue was the involvement of the big whales and institutional investors decided to pour a huge amount of money and exit soon without any long-term plan. Even if Bitcoin is a payment system in its core, market environment affects the growth in one or more aspects of this incident affected the routine cycle and situation is chaotic at the moment. However, I believe that things will recover soon and we will see sustainable growth for the rest of the year.

Bitcoin is actually facing a lot of challanges and touch times in its price and value because a lot of false information has been spread about bitcoin and this make some people to stop using bitcoin

Bitcoin is now in a tough time because there's a big mafia playing, selling all the bitcoins they've earned from the bitcoin scam website they had made last year, and also the falling XPY price is now also the cause of bitcoin down, Many HYIP sites underwent bitcoin investments that led to a scam, and now it's time for scammers to sell bitcoin from their scam.

If anything TA helps you pick spots to buy..as opposed to buying each time the price drops a few hundred bucks.
Don't be so quick to cast away TA as it certainly plays a part in helping create buying targets on a drop like this.

Bitcoin has gone through many difficult situations from its inception to the present day, but bitcoin still survives. Bitcoin is not a fragile coin, bitcoin will be able to rise even in difficult situations.

No doubt its tough time for bitcoin, after a short stability it’s going again down but it doesn’t mean market is crashing, but it’s time to buy bitcoin at low price.

As we saw in January 2018 bitcoin was at high price & defiantly it will cross this figure again, so in certain condition it’s a good time to but bitcoin.

Bitcoin is in a tough situation because realistically soeaking this hasn’t been a good start for the cryptocurrency let alone to bitcoin which has been considered the darling of the cryptocurrency market. I think that this has been affected by a lot of factors which is the banning of bitcoin by some of the major countries and players in the economy and financial sector. As such it has hit a slump that has scared and made panic to the community

prepare your fiat money to buy more Bitcoin when it falls into the $ 4000 price. because many support at the rate of $ 4000. and if $ 4000 breaks then the support point is again at $ 2000.

but I hope not like that, because the market is not as beautiful as imagined it can be up and down.

I don't think the technical analysis is at play in the current market as what we are going through is a correction and until the market settles on a fair value for Bitcoin I don't think we are going to see the price recover. Also the Bitcoin market is just too volatile for the TA to properly work in this kind of market.

Btc started it's journey from 0.009 USD in 2009. We saw a btc collapse in 2014 when it fell back from 1000 to 200 USD and it took three years for btc to touch 19000 USD. I m sure the cycle will repeat itself again, All we need is patience.

There are not really cycles in Bitcoin, it is just a pattern that repeats it self over and over, but the time period differ from year to year, so there is no fixed cycles. It goes down for a while and then it turns around and a correction phase follow with a ATH and a sudden dump. This pattern skip some years, so you cannot rely on it to follow a specific cycle.

This might be the turning point, but we do not know and that is where the fun starts.  ;D

either way, I'm eagerly waiting for that turning point and see how many cheap coins I can get in the meantime. I really enjoy this dip, gives a lot of buying opportunities :)

Bitcoin is facing tough time because most of us who are involved in cryptocurrency most especially the beginners speak so bad about BTC and it makes people lose interest in it, most investors now prefer investing and trading on ICO coins why the bitcoin holders dump it because they are panicking about the recent huge market crash which is not supposed to be. I advise we promote Bitcoin positively instead of criticism.

And this is statement makes all sense. Despite of the SMA, RSI, BB I am using in trading, we cannot control how that fud really affect the price. Regardless of being an expert in reading indicators, TAs are somewhat useless and the opposite thing happening. When people expect it to pump, it will unexpectedly dump. How pathethic.

Thinking positively needs by those who easily feel down to avoid contributing on the fall and more fall because of bad news that spreading. We have believe on the potential of the coin and will have good price again and boom on the market and everyone will enjoy of gaining profit.

Because it's natural and a way of life in any investment market, and that is something everyone needs to understand before thinking of stepping foot in the crypto world or any form of investment that is volatile, there will be plenty of red moments along the way and stupid decisions that come with it :)

We now that there's a lot of speculation and prediction but most of proven that their trust and believe to the capability of bitcoin is so weak. Because in a long period of time in engaging to bitcoin we always proven that even if how low it's value it's make sense that in upcoming couple of weeks or months it surely comes a higher pumping value that everyone's wanted to have. I believe its now  wait-and-watch time

I believe that we are in a summer session and lots of investors are willing to make their holiday and the market is not very active at the moment we shall wait a bit more to see what happens exactly 

The current difficulties for bitcoin began after in December of last year it began to rise very sharply in price, because people massively began to buy it and keep it as a means of accumulating value. Ah, this is abnormal for crypto currency. Therefore, we have the current situation, when bitcoin fell into a correction, after which many beginners began selling their bitcoins, being frightened of its fall. However, on the other hand, it is also not bad, as we are freed from unbalanced persons and gain the necessary experience. Potential investors will already know what a big drop of bitcoin is possible, there is nothing unusual in this and will be ready for such a turn of events, which means there will be less panic.

i think the bitcoin decline is because of the panic sellers. these investors got nervous when the prices where decreasing. and because of this the demand for the coin drops.

Because tough times happen in all currency markets. That’s just the way it is. Keep the faith. Things will be alright by the end of the year.

Never sell during a panic when the courses have already appreciably depreciated, because you will only go to a loss, and so there is a chance of retracement of the course, in any case there is an asset on hands that is likely to grow. I'll remind you before the spring of 2017, Ether has been falling for more than nine months.

indeed bitcoin is experiencing it is what the investors need is patience and confidence in investing with bitcoin because we know it is one of the risks in investment

The decrease in bitcoin costs will be a decent time to re-purchase. As yet recalling that in the earlier long stretches of January and February, bitcoin costs fell, however bitcoin costs climbed again after the Chinese New Year, and the history is dependably strikingly comparable. You ought to grab the occasion. Purchase sits tight for Bitcoin to rise once more.

Right now it is true bitcoin is facing difficulties, but it does not mean to stop midway, this is often the case every year but bitcoin can survive and bitcoin prices will up again. A few days already shows the early signs of rising market bitcoin is green again hopefully bitcoin prices continue to up.

Yes, bitcoin always facing in this kind of challenges and I know this is only temporary and I believe and trust to bitcoin will recover in this kind of situation and soon it will rise and give high profit to all his investors we need to be patient and calm while waiting for increasing of price value.

There is a phrase called "Loss over Expectation". Bitcoin was nowhere few years back . Certainly it has some prospect and value , for that it has sustained more than 9 years . Ups and Down are normal phenomenon in this sector. But my suggestion will favor Bitcoin a bit. Yes it is facing some tough time. But its needed for the balance.

There is a huge amount of fud around bitcoin at the moment, and that is one of the main reasons of why we are seeing such decrease on the price

BTC is going down day by day, but it certainly has not sunk, so you will have to admit uncontrollable natural elements are unavoidable.

Bitcoin is very volatile and there's a lot of FUD and many scammers used bitcoin to scam people and the reputation of bitcoin became down but I think its a normal issue because not all the people are not a die hard supporters of bitcoin but if we know to play the game we can be victorious at end.

Based on the historical data, Bitcoin has faced tough times over and over again, and in all those times, it has recovered every after fall and soar high again after. I think we just need to still believe and focus on the historical trends since these are facts, plus the fact that the prices might be down yes but we all know that Bitcoin is still on top of the game regardless of the set backs of the media's black propaganda against it.

Yes, their cost has been greatly reduced. Because many social media blocked the ads cryptocurrency. That will greatly affect ICO projects in the future. If you want to earn money investing and joining the signature campaign will be more valuable. Many people in the world are earn money by doing this.

because Bitcoin is experiencing many difficulties today because it is affected by bad news. Other large investors have holds many bitcoins. These are actually selling bitcoins at very cheap prices, thus affecting their value. But I think it will soon be passed and it will soon increase the price.

Yes, maybe your right but it is not only depend in bitcoin whale or something. The coinmarketcap also part of this because they made several correction in price of Bitcoin last January and also some fud news coming so we can't deny the facts that newbie in cryptocurrency will eventually sold out their bitcoins to lessen their losses.

I'm sure it's just a correction for this year alone, bitcoin after that will increase again, and my prediction of bitcoin could touch 19000 $ again.

It was difficult because the market was in a dull period, not because Bitcoin was no longer attractive

Absolutely.It is really a tough time moment for bitcoin because of its falling price and many people say that bitcoin for now is no longer attractive.However I do believe that it will still rise possibly by the end of this year.

Yes, i do agree in your statement. We better promote the positive side of bitcoin. Because of impatience of some people they easily criticized. We need to give some time to know and develop bitcoin. I strongly believe that BTC would give us brighter future!

Its price has gone too far in 2017 and the whales have withdrawn money to take profits. Continuing bad information comes to us

Yes I agree with the fact that bitcoin is facing a tough time at the moment because of its rise and fall in the price but that shouldn't break us down. This is the time we have to promote the positive side of bitcoin.

because of several factors that make it happen, basically the correction is the first drop before getting a big accident. and finally as we see today, the market is hard to regain growth.
but that does not mean bitcoin and other crypto is the end, this has happened almost every year. and I'm sure everything will grow again

Bitcoin is always facing a tough time because of its volatility, it is  too public and a big potential to be stolen. And of internet scam that is very rampant. However, most of the problems facing bitcoin can be solved or worked out, and the recent news involving Square Cash is certainly a step in the right direction. Just be aware that it will take some time before you can walk through the mall or local craft market and see crowds of people all paying for their various purchases with bitcoin.

I'm not really trust about technical analysis in bitcoin because i've learned it and the chance of the correct prediction is just less than 30%.
But technical analysis is preety good for manage losses.
So, i won't say it will repeat.

I actually don't know. I just hope bitcoin and all alts will recover soon.  ;D

Yeah it is very difficult to understand things for now in bitcoin market price movement. If i were going to base the previous bounce back for bitcoin market price this would be the very best time to make another bounce back and unfortunately it is not happening so there could be something wrong with bitcoin for now.

Thank you for making me realize that bitcoin can do more, now I am more optimistic to invest, in fact it is currently bitcoin is in crucial period, but the graph start up bit by bit.

I believe that there are fud in other countries that is actually spreading and it makes the price of cryptocurrencies in the market to drop so keep on holding your coins today.

The reason is that the bitcoin market is down by people. Retaining Bitcoin instead of selling it requires a lot of patience and determination. Many people in the group keep pointing out the events that have had a heavy impact on the single currency in the market

Yes  bitcoin is facing tough time at this time.Price of BTC is very low.In the month of May and June their was  a major downfall in the market value of BTC.Panic selling had a major impact on the overall growth of bitcoin.Due to this other altcoins had gained importance which indirectly affect the value of BTC.But still we can say that bitcoin has a bright future and it has the capability to attract  more investors.

Bitcoin is facing a difficult time at this moment because:
First, Bitcoin is increasingly under strict control of governments.
Second, lagging behind new-generation algorithmic currencies, Bitcoin is slowly losing its number one position.

Although the market is low and in difficult situations but it is not a permanent value and we all know that it is temporary will recover soon. The demand rate will activate the price nearly in few days as the current market improvement shows its future signs. The value has gained a little bit momentum but still it is inside the low market price circle which can pass the circle anytime soon.

At present, the price of BTC is below the daily line ma200, and the price below this time is very dangerous. If it can break the daily line ma200, then the bull market of BTC may come again.

One of the reasons why Bitcoin is facing a tough time is the dominance of other currencies such as Ethereum, Ripple, Dash and Bitcoin Cash.
 Specifically, with the advantage of technology, Ethereum and Ripple have made impressive price increases and in turn exceeded $ 100 billion market capitalization. Bitcoin grew by more than 1,300% in 2017, while Ethereum's figure was more than 9,000% and the ripple was 36,000%.

Bitcoin is still the largest cryptocurrency currency in the cryptocurrency market, with the longest life expectancy and undisputed reputation. Bitcoin, however, is slowly losing steam in the race for new generation currency algorithms.
Moreover, bitcoin hacking is increasing.
At the same time, the control of the governments of countries in the world increasingly tight.
These are the reasons why bitcoin is going through a difficult period.

In this year bitcoin is going through a very difficult situation, a risky market makes people lose confidence and make sellers panic. Currently the market is falling, but I believe the confidence in crypto will increase again and the price of crypto will increase gradually.