Bitcoin Forum

We had to deal with a dip this week. Prices (https://www.coinranker.net) seem to be climbing back again. The question is how we move forward after this dip?

We breathed a sigh of relief after G20 not being negative towards bitcoin, they could have sent the price further down. Let’s just see how we go, would be nice to see above $10,000 again in the very near future.

It's really unpredictable. We might see a bigger dip in coming days. But I personally think that the correction is over. Because the price is rising slowly.
Whenever the price rise very fast, it falls again. But this is time it is rising slowly.

The price has recovered somewhat after a rather sharp fall. The current price is hovering around $9,000 which is still below the $11,500 levels seen a couple of weeks back. After the bad news about Google and Facebook acting against crypto-ads, we now seem to have some positive drivers.


I would say that the G20 statement is positive.
https://www.marketwatch.com/story/bitcoin-holds-steady-as-one-analyst-calls-the-end-to-alt-coin-bear-market-2018-03-20
We acknowledge that technological innovation, including that underlying crypto-assets, has the potential to improve the efficiency and inclusiveness of the financial system and the economy more broadly,
There is some language about risks posed by cryptocurrencies, but that is to be expected.

That explains why price haven't dumped after it has been released. I hope to see more positive news in crypto soon because if there are more that will come up, it will signal the end of the crypto bear market we are seeing right now. I think G20 itself for now is generating a lot of demand(from it's positive statement).
It rising slowly improves it's health rather than a fast bullish trend. For now, I think we are in the stabilization pace.

You had to pay attention to the potentially new tokens that have increased in the last 24 hours, because there was a 20 percent increase in my portfolio for last 24 hours. At the time of the bear market, we can use our minds and we can grow our profits. The goal is the profit.

The price needs to be sustainable. The G20 thing really brings a lot of positive vibs in the air that's why we able to climb but its needs to be sustainable. Meaning we need fresh blood to pump the market. I do hope that those who exited already will go back because the market is already favorable to make invested.

Let's see how it goes if those investor will see it as golden opportunity to make money again. In that case, $10K will be the next barrier that needs to be overcome, otherwise, this might be another bull trap for all we know.

We move like a normal day in our daily life, everything is not perfect though, it's like a wheel of fortune. Sometimes it goes up, sometimes it goes down but we have to move forward in order to achieve changes. Do not live in the past you will not gonna find what's already done and that's what we called "life".

Pretty much an expected event that I pointed out days ago already. Currently, the main challenge will be to continue rushing up as soon as possible through the $10,000 level. I am not yet comfortable to call a date where we will see the market reach over $10,000 again, and that's mainly because of how the short term demand doesn't seem to be strong enough to maintain even $9000 for a longer period of time. That being said, it may very well be that we have seen a brand new bottom being marked in the charts for ever, and that alone is already a great and worthwhile achievement. I'll give it a few more days before I come up with a more complete prediction.

We move with the flow, if you buy in dip and with this increases you’re on your way to profit every cents in everyday. Slowly but surely give back the confidence that all been gone for days and patience that is being in question. Emotional relief to the community who were new investors and a excitement from those old investors who brought hundreds or thousands of crypto coin on lower price.

Either by breaking out, or consolidating further, or last but not least dipping some more. Those are the 3 beautiful options we have, my money is on the first although I wouldn't be surprised if we got the others.

The 6k in early feb or the 7.2k we saw just a few days ago? It would be a brave man right now to predict with certainty that the price won't test 6k again. As you said, there's so little buying pressure and also not much selling. Whichever increases first will decide where the market is going. I'd say more likely down just because large sell-offs can be triggered much easier than the FOMO buying.

$9k resistance is still extremely strong at this stage.

We re-tested that level yesterday and failed to breach it, so that's two times we've failed to do that already. I think that is a signal that we may stay between this $8-9k range for some more time to come.

I doubt it's going to break out. If it does the target is still at $12k and then we hit the ceiling like the last 2 times, so IMO still very bearish markets at the moment. Unless of course some positive news come all of a sudden and causes a big reversal. Though, with the BTC markets clouded with new regulations, I just don't see that happening easily this year. Prepare to hold for a long year ahead. :-\

We still can't be too certain about the price of bitcoin. A lot of things could still happen that could hinder or reverse the price movement of bitcoin. As volatile as it could get, the only thing we could hope for is for the price to continue recovering so that our altcoins could also recover from the dip as we know that most of the altcoins are price dependent to bitcoin.

For me we are still not out of the woods yet and the bears and bulls keep fighting it out. We have seen the price goes to $9K already seems to be installed then suddenly went down -$500. So that's how the current sentiment is right now. Short term, the bears has still the upper hand, but long term I'm seeing the bulls taking over the market. Just another one positive news and we are good to go. And I hope that no FUD should pop up anytime soon.

The G20 news didn't sustained us, so I think we need something to boost the market and bring more cash flows. Right now the price is again stuck at $8500. Maybe we can see new hope at the start of the week.

actually this is still a question mark for future bitcoin progress, articles from the G20 meeting which I think is reaping positive news, but positive news will be a certainty for the development of bitcoin in the world. ? I think a lot of bitcoin steps to fulfill the wishes of established rules, now just hoping for the good of the future.

really so crazy circumstances now! we are still trapped in this jungle, so hard to stop the bear market. I think it will still take place in the next few days, we will soon meet the bull market in the coming weeks. the situation is Catch one's eyes. we should As Soon As Possible break the $ 10,000 mark in the near future, so this situation will not continue

Just don't do anything crazy such as panic selling. You know what to do when we are on this situation from dip > rise so if you had profit already then sell but if you still got nothing then you can wait.

It did helped to retain the price at $8,500 and if it isn't for G20 we might be swimming now at $5,000.

Somehow Bitcoin will have a difficulty to go up due to some whales or group of traders that wanted to buy Bitcoin at cheapest possible price.  These guys spread FUD all through out the marketplace and shake those who are weakhands.  So I guess Bitcoin will still tank for sometimes before blasting off.

They are all greedy and really want to get bitcoin for themselves, if I am a whale and can manipulate the market by means of selling my stocks and bought it in a most cheapest price then why not, They sure think that they can do something so freely in engaging in a mass sell out of their hodl bitcoin this can really cause other low ordinary investors to give up their bitcoin because they will think that bitcoin is really stumbling down apart, So it will lessen the community and they can keep it for themselves.

We have passed a deep dip. Now the price is climbing slowly.If it continues, then this month, the price may reach $10k.Not more than that.I think so.If the price again dips,then I think it will be hard to recover.Because,the effect of the previous crash hasn't recovered yet.

Dips and dumps are part of the game, just like growth and pumps.
It's never that easy for anyone, trust me, any investor including me would never sell for a loss but hold for things to get revived.
Even those who bought Bitcoins at $5000 must be thinking the same way, as once the crash was injected, it was imminent because it was seen by many investors that it was going to happen, so it happened.
But, I am very glad to see the price to maintain stability instead of seeing a big red free-fall. This is why it is always recommended to only invest what you can afford to lose.

The bitcoin price is about to pump like never before because it is coming to mainstream. G20 has to spend great time to discuss about it and they could not find any fault in it. I have said several times that bitcoin is the future of our financial systems and the earlier we accept this the better it will be for all of us. I think the only major things we need to do is to keep making positive comments about crypto currencies and we would see a how far this is going to go.

we can move forward after this dip if we continue holding 'cause selling while the price in the market is decreasing is a big contribution for the dump so instead of worrying just sit down and relax , or convince more holders to hold instead of selling to help the price recover again 'cause indeed that is the specific ways to help bitcoin price to rise which is HODL.

we are very grateful that the bitcoin price has climbed back slowly. although it is difficult to predict and could be a few days ahead will decrease again, but I think we will breathe a relief, the article G20 is not negative to bitcoin. and hopefully bitcoin prices go back up even slowly. and we have to move fast as long as bitcoin prices continue to rise.

I can not see $10k happen soon. Too much weakness and doubt in the market.
Long term I'm bullish. But right now the bear is in the the house and rocks the party.
I could imagine going down to 7k, making a double bottom or even dip down to 5k for a very short moment.
Sure having faith and being positive is right and needed, especially if you want to hold your stash.
But the actual situation in terms of price and sentiment is really not looking good imo.

pirce seems to have somewhat stabilized around 8k-8.5k, market showed some good rebounces at the lows, now the price should start grinding upwards bit by bit.
Last year price was at 800 USD, what 1 year of holding can do!

got up? it's hard to get up if there's still a lot of negative news about bitcoin! the news will make the weak holders become more panicked. if until the coming months are still like this, it will be quite difficult to increase the price to the next level. the possibility of such a situation will often occur, if not be completed in the near future.

I think we just went into another dip, and now below $8K again, Just checked like 6 hours ago and we are still above $8K but it looks like there is another panic that put pressure on the price again.

I think it will be really difficult to see the price go up in the next few days as there are still negative sentiments. Maybe the Binance news has something to do with the today's dip or something else.

A few days ago, reported the movement of another batch of coins from the mtgox account to Bitrix accounts. Did anyone expect that after this information, the price will go up? Everyone is scared and ready to panic at any price drop. Whales take advantage of this and buy cheap coins. I advise everyone to calm down. The fact that whales buy coins in huge amounts for $ 8,000 gives me the right to hope that they want to sell them for $ 20,000. We just have to wait.

Honestly, it would really be a great thing for the whole MtGox issue to just phase out completely and let us know exactly where we are headed. Right now, it is just more like there is a wild dog let loose in the market and can bite anyone at any time, so at this stage, every trader will definitely want to be careful as you said. One second we think we are going to at least see some little bit of green light and some sideways movement, and the next second; you just get to see this huge sell out. Let's see how the next few days will be playing out.

we the believers just need to carry on doing what we were doing
since January, trading the highs [if you were confident] holding
through the lows and just believing in this crypto that it will
ultimately progress through everything that is thrown at it.

Well, it seems like the dip is continuing. I don't know how I see bitcoin in the future. I'm not sure if it'll be the cryptocurrency that outlasts all the others. As of now, it seems like almost all of the currencies' prices are tied to the fluctuations of bitcoin as well, but maybe that's because not enough people know about these markets.

Moving forward will likely be a big jump. There needs to be something good for bitcoin, like a big corporation accepting it or a whale jumping into the mix. We'll likely see the latter if the price continues to drop a bit more.

I think we are still looking for a dip. The price is under 7.9k USD at the moment and every dip is lower than previous one. The selling volume is dominant. The bears control the market at the moment.

It has been like that for months now, but there are two sides one can look at the market. If we look at how the majority of the people see the market right now, it's all red where bears drive the price down continuously. I personally prefer to look at things from a wider perspective, and focus on the longer term growth trend, and that's looking very promising. First bottom we marked was slightly below $6000, and from the looks, the second bottom marked at $7325. If the latter turns out to be an actual bottom, then we can comfortably sit back and look at the next even higher bottom. I used current levels as an opportunity to buy myself some more coins.

Take a look at the price graph of my brother, is there any chance of rising in the near future before the end of March?
I think it is impossible, most likely we will see the price rise after we are in april later. the price will move on slowly to the next price, we only need to break the number $ 10,000 first so that his future journey can be smooth. yes, binance can be called the beginning of the price slump, after the news of this binance, other negative news is popping up continuously until now.

We worry too much about everything. This is a market, some have a strong position and what do we really expect will happen? We should blame those who panic sell or join FOMOs, not the whales who are busy making money from the market and we may see it as a manipulation, but the truth is that as long as some are in that position to take advantage of the market for the profit, we cannot expect anything different until further big positive happening.

Simply in other word, holding is the only option for all the investors regardless of they are believing into the future of bitcoins, i.e. their holding may last for either short term or long term but keeping holding and keep watching may get them better results rather than worrying.

a very funny question my best friend  ;D bitcoin could have been a Gone For Now goalkeeper, if lots of holder gave positive news. this decline is not to be made a scene of panic or anxiety. this is a correction for us in order to improve performance even better. just calm down we will soon move on away from the complicated situation as it is today.

Hoping your statement will happen later or soon, until now i am on recovery of my bitcoin losses because my bitcoin was purchase when the value of bitcoin is $12k mark. But what is the correction you mean? many users always tell to calm down but most of the investors continue to do panic selling that is why this crazy dump we experience are non-stop.

To be honest my brother, I am also recovering the losses that I am experiencing now. but, I try to deal with it calmly. in fact we are Be in the same boat and are being shaken by a storm of barrage. yes, we are doing the correction so that his future will not have this situation anymore happen. If you already know that the panic causes of this slump, I suggest you also do not panic, because if you panic it will only add to the burden for this situation especially on its price. wait for the best time bro, Every cloud has a silver lining and you have to believe in it. ;)

This time it is a great dip we dont when this is going to be end. But again it is going to start increasing slowly. This dio is temporarily not for long time. Whenever the price is going to start, at the same time it is going to decrease vise versa. This is the current situtaion. The growth is not healthy growth.

How would we know on what to expect after this dip? We've dealing with the dip since then and moving forward without anything new to do. Keep holding as this is what we should do, follow your plan on what price you should buy and sell. Don't ride the craze of panic selling or if you want to make sure that you have gained already.
They have controlling the market since then and we are only waiting on when they are going to be bullish.