Bitcoin Forum

I know it is probably depressing for you

But

This dip is necessary to align the technicals

And

Clean out the bears

Bull run in the making

My Opinion!

Thank you for your words of hope. This is really painful. Bear market seems never-ending, and today's dip has been really depressing.

Waiting for Bart to do his thing soon :'(

Adjusting prices has increased me even more, as the ongoing price drop has made many people depressed, so it would not be good for us to invest in them now.

The price will stay above 6K and bounce back: Have faith!

In fact, bull run brings many benefits to the community and it is hard to separate in the crypto market when it is not controlled. But it seems that recent volatility is not a correction that comes from another reason. The problem of hackers has created the process of dumping down at the current price.

I am aware of the Bancor hack!

We all hope so, that after such a strong fall, there will be strong growth. I just do not understand whether this will happen this or next year

It's just a matter of time and if you have been to the market for years, you'll get used to it.

But if you are still quite new to this market, you have to start looking and studying the charts again today and for the past years.

The dip was literally harsh today .
Its becoming heart breaking now and difficult to digest and bear . This has to end soon or there will be even
more panic in the market that will only worsen the things for bitcoin and the whole market along with it. The immature users (who have the highest population)
will make the panic moves for sure.

Stay positive: In the long run all will be good!

If you are started to studying the charts you will know it on how's the market movement that is too volatile.
You will not be afraid if the market or bitcoin price are down because soon it will increase again.

i dont know really whats wrong with btc price but it seems it doesnt recover as we expect. btc needs to reach 10k to start big bull run but it just cant do it anymore. 6k is not good price and all alts going down too with btc. we need big investors but there is sign when they will come. i hope this end soon otherwise wont be easy to take profit

Bitcoin and altcoin both are dump in today but last week this was stay in below 6k USD so still I hope this coin. Because Bitcoin fluctuation is common in this year so when it will raise gradually that day everyone interested to see the market value. I think some positive news are shortly waiting for the future pump so keep hold in long term.

Bitcoin today fell in price, and quite strongly in a small period. There is an explanation, but only you and I can only speculate that everything will be fine, no need to worry, soon will come the bulls, etc. Personally I look at it neutrally. Personally, I can not affect the price and growth, so I do other things. Doing bounty doing freelancing etc. Patient counterparts.

Everytime when I invest the market goes down and when I sell the market goes up. It feels like everyone is trying to outplay me. 1 man vs the entire crypto world.  :'(

yawn, your making a thread about a 300 dollar dip? This is nothing. Maybe if it dropped under 4k it would be cause for concern.  Do yourself a favor and stop checking charts everyday, you'll drive yourself crazy.

But the market has dropped 26 Billion in a short time span.

very dangerous in big picture view https://www.coingecko.com/en/coins/ath

I have already got used to the fact that bitcoin, then falls, then rises. He needs a good height, but where can he get it. No investors, no new injections. We need very strong and good news that will affect investors.

I also get used to have news like hack of an exchange when they want to drag the price down. Correction of bitcoin price doesn't have to go along with hack news and crypto regulation news, it seem to sound very planned. I always think some groups out there will release some big news after all these negative ones but that is after they bought all they can have.

After several tries to pass 6800$ but failed. this adjustment is correct. In the next 2-3 days Bitcoin will reach 7000-7200$

I completely agree! I think this fall will continue until the end of July, after which growth will follow, most likely it will not be too rapid

I really want to hope for the end of bitcoin correction, it has been delayed for a long time. The correction will end when the big players will gain positions at the desired prices and give the green color to the positive news.

Last few hours bitcoin and all the crypto currency value seems dull but I believe with in some hours of time. We will find the bitcoin price to reach its own peak with in this September to December. Normally December month starting the Christmas the all the whales will be in holidays that is the time but started its ramp walk in the price chart and its volume mate.

I am eagerly waiting for the bitcoin to reach its peak since I have commitment to sell for my personal expenses.

That may hve played a part as to why bitcoin dropped significantly. Though i don't think it's healthy that exchanges get hacked every now and then. But this has happened before and bitcoin, even though struggling, was able to bounce back

The market is in normal since it is normal for the ones who buys it for $5800 to sell it so its a normal dump, so worrying won't do anything and the bull run is about to come it happens all the time, the only thing that has change is that there is more dumpers than supporters but if we continue supporting it we can boost it up and gain the confidence we've lost.

this is very healthy markets, because in technically bitcoin price can't break out the strong resistant at 6,800 USD and will down to 6,200 USD
this is only my personal opinion  my friend ;)

Corrections are really necessary, I agree with you, we need to have clear traders and some day the corrections would come anyway. It's good that now it's in a big concentration.

Nothing depressing here, corrections are common and this was only small correction.
I don't check price too often like some folks, I thought bitcoin went down to 5,000 but last time I checked value was 6700 now is 6400 it is not big deal really.
If you are holder come back after few months and then check price.

I remember when in December through total euphoria i read some people telling that correction will be hard. I told my friends - dont buy BTC, but they didnt listen. For me it was predictable and i am agree that it is normal after such fast growth.

Your hopes are very inspiring. I also think that this is a completely healthy correction after which the active phase of price growth will be waiting for us. Crypto currency investors need to stay together and support each other in such difficult times.

I agree with you. It's time for cleanse participant in crypto. In this time, I rarely watch price, instead try to invest in some interesting ICO, or try writing content for bounty.

I believe the price will not fall below the $6k because I have witnessed a fall or two below the said value which were recovered shortly after the fall. The July started with a kick and might end with a kick as well. Besides, the market for Bitcoin is in swing and this has started convincing the potential investors to invest and hold. This is something that can rise your profit margin and one can go good in the course of investment.

I agree that this correction is so healthy, still stand up at 6k level and this number is not bad compared to one years ago price. We experience some crazy pump at december 2017 till January 2018, so when we see at this moment price it is still healthy price IMO. I hope that there is no more crazy heavy pump & dump scenarios, its feel look like price manipulation for me.

Almost all markets in the world are on the downward trend and Cryptocurrency is also severely affected. I think this correction is not over yet as investor psychology has not stopped yet but hopefully soon to end the next few weeks. We need funds from whales to help the market become better because I'm sure the uptrend is about to start.

I agree with this. Market should take off anytime now. the biggest gains in crypto history happened this past year. This bear market was foreseeable to correct itself. Personally in my opinion, I think we could see an even bigger bull market come.

From the very start the market is very volatile, bitcoin and other cryptocurrencies that aren't stable. All of them are volatile except the stable coins, many says that TA's don't work anymore.

But that's the right time to prove to yourself that TA's can still be reliable but don't share it to others and keep it only to you. Others are happy to see our mistakes and wrong predictions so whenever there is something wrong with your TA, you're fine with it.

And at last, you are learning and you are gaining experience.

I think this one is really just a part of the processs, to think that this is really normal what ever you are trading. Name it whatever it is forex, stocks or commodity there really bearish stages. You can't expect an everyday uptrend but the thing is there will always be recovery in every drop. So all we can do is just wait for the right timing in order for you money to have a great value to satisfy your needs or greed.

Bitcoin fell again in price by almost $ 500. The only good thing is that the dominance of bitcoin is 44 percent.

I think that's really a bad sign. The market is recovering but today it is falling. This shows that Bitcoin's base value is around $ 6k5. I think Bitcoin is not good, it has been exploited and it is losing value. Crypto's future is bad. :'(

Good example came from yours for those people out of brave because of the long time correction of cryptocurrency at more than six months price dropping, hope this thought came from you as a newbie gives to them an inspiration to become strong and believe the bull run is coming.

Bitcoin actually make a very serious unexpected corrections and I was thinking that the stealing at bancor network is responsible for this happened.  I have another mind after reading this comments you have made.  The market is seeing not ready for bullish trend.

The statement is true I believe that there are tether conspiracy happen last year that is why the bullish market exist. We just need to wait for the proper price correction and the market will go back to normal again. Hopefully.

next week when world cup party its over, bitcoin market and or alt coin will recovery i think not to end of this month market will positively increase more than 7 percent

A bullish outlook - IH&S forming.

https://uk.tradingview.com/chart/BTCUSD/qTX7avoO-BTC-Daily-IH-S/

Inverse head and shoulders has formed: To the moon soon: Go Bitcoin!

bitcoin is 6 months in trend down. hopefully this is just a healthy correction I believe soon bitcoin will soon recover the price

Yea I consent to that analogy because the correction is necessary to make headway and that should not bring depression. The last three days have seen a level of stability especially with Bitcoin. I want to believe that the stage is now set for the recovery of the crypto market.

I understand that this can really be depressing considering the fact that it has been many weeks that the market is down and few days ago we saw some light at the end of the tunnel...and then we realized that the light was just a flash. Anyway, this is just another phase of the usual roller-coaster in the Bitcoin journey and believers have no choice but to continue on hodling and of course believing that soon we can see the long-awaited bull run. We still have months before the end of 2018 so let's continue the fight.

the current decline is still running. sometimes making the bitcoin followers feel discouraged by the current state of affairs. but if for me, it's better to go on and on until the bitcoin recovers normally.

Market is consolidating the prices as of now the market is recovering once we have bull run we can see at a stretch price growth there on words no looking back for dump again

These small corrections are nothing like what we saw some months ago so I am not worried, you are right when you say that a bull market is slowly forming but I think it is going to take several years before it manifest itself, that is what happened the last time there was a crash as big as this one and I really think the same thing is going to happen again.

I think you are right. Most market will act likes a Sinx shape. Bitcoin has touched the top in 2017 and now it must reduce to the bottom. you should not be worried and lets buy and hold coins now.

What is the correction you are expecting on bitcoin mate. I see the investors are really supporting the value to grow more in the market. Please refer the good market value analyzing site and invest the coin you like. If you feel the coin value is cheap on the concern potential coin.
Please invest your money to the avoid the price fall and correction in the crypto market.
I have around 4 bitcoins in my blockchain wallet. I expect that to reach 10k USD or even more.

What also make me think it's healthy is that it'll help us understand better how the market works. A time shall cime that almost everyone will become fed up and we'll now know that this is the new status of crypto and I think a rise shall come from there. It will also help eradicate some "unnecessary" coins. By the way sorey to anyone who ahs lost funds (we shall surely get back our moey +interests some day to come).

I think these past months are enough to correct the Bitcoin and it would be appreciated if we saw new trends on the graph while the line is running up and up,

The previous bull run was crazy and the correction was bound to of happened.

bitcoin is currently in a down position. but not to worry about this incident. because the bitcoin price fluctuations are dominantly influenced by opinion news. so it happens panic sell.

Bitcoin is now oversold after it has been bearish for months. Since the oversold is over, it is now turn for bull run and it is going to make bitcoins price high.

Maybe it's good time to buy bitcoin...just a good price to buy, can make good profit, when it goes up.

Any price below $6800 is good entry point.

Things are not so simple, yes bitcoin has been oversold for a long time but even if that is the case we need a spark, something that makes people believe again that the price can recover soon and I do not see that happening soon, so you only have two options, to trade in the meantime or to use your cash to take an early position in bitcoin and hold until the price recovers.

As long as the price is down, it's a good time to buy bitcoin. You have to get a good entry point before buying and to those who have bought during the time when it's quite high, you can still keep on buying before the price starts to reverse and goes crazy pumping.

I think it's no longer worth worrying, especially given the fact that many investors invested in Bitcoin in late 2017. To date, this is a really bleeding wound for investment. Therefore, the current state of affairs in the crypto-currency market gives a very good chance for investment.

Not just totally depressing on ourselves only but in all or most people in the market as of today. Correction would always take place on any alcoins in the market specially to the main coin like bitcoin. We do see its ATH and reaching out that price point in a short period of time is somehow considered to be a bubble or being hyped and now we do decrease for almost 75% down to that price. Can we considered it as a healthy correction? I dont think so.

I agree with you. I have already got used to the fact that bitcoin, then falls, then rises. He needs a good height, but where can he get it. No investors, no new injections. We need very strong and good news that will affect investors. Actually it is good but we are impatient about that.

I too hope for a bullish market,it is long over due

Yeah, bitcoin price correction is actually very healthy for the bitcoin market. Like, think about the price last year. The price almost sky rocketed to $20,000 USD. This was an abnormal price rise. And then price ended up correcting at around $8,000 USD. But compare the current price with the price before it when high. We are still on the green side. The pace at which the price rose and the pace at which the price corrected is actually very low. Correction helps us to get rid of weak hands too.

this is time for bitcoin price to up again, i think some big investor already bought in the dip, let's just wait they pump the coins and we can have chance to get profit in high price too. even not big investor we still can get profit from that

I really do not understand those that are trying to time the market right now, the price is barely above 6200 while in theory you can get a better point of entry if you are going to hold for the long term a few hundred dollars are not going to make any difference at all and you never know when the market may partially recover and grow to 8000 or 9000 and you will forever lose the chance to buy at 6000.

I agree, especially that lots of people hoped in the train quickly even without a clear knowledge on how the bitcoin system works the dump shaked out the weak hands

Not only Bitcoin and the cryptocurrency market but most other financial markets have fallen sharply, so investors should not be too worried and focus on the great features of this market to choose the top form. reasonable. I think those investments will bring you the best results.

Before they say that correction is an opportunity to buy at cheapest price for an investment but what i have observed for this year is when you buy the dip but it dips more. So for me this corrections is unhealthy anymore because until now the real demand for Crypto is still low in which it makes me think that the said opportunity was now replaced by fear of lossing their investments. So lets just hope that this constant corrections will stop and will be replace by bullish run so that people will trust crypto investments again.

ETF is the catalyst BITCH: Wake up!

This correction of the crypto currency market, although a normal phenomenon, but still because of it was spent a lot of nerves. I hope soon as you say, we will see the bull market.

I can not understand the message of some users. Why the current state of the market And today's performance of Bitcoin seems to somebody to stabilize the market. In any case, I can not say that Bitcoin is stable and corrected its price. Based on this, I can not hope for the near future growth of the crypto-currency market.

I agree if the price reduction to align the technical and stabilize market conditions. maybe in some time this condition will not happen continuously and will experience a nice change.

Yeah correction could be sign that the coin is healthy it provides a good chance to buy at lower price, but a long bear market will make people losing trust and losing hope, and this time the bear market is a bit longer than everyone expected, so it's depressing especially for the beginner just start want to invest

Correction movements are always normal. For those who profit will realize. Everyone wants it. Then the ascents continue. But nobody should panic. If panic happens, it becomes a disaster.

What is the essence of getting depressed ?
It is the market and it would only affect those who want it to affect them psychologically.
 Moments like this are something we just cannot stop seeing every once in a while but as far as I am concerned, all we have to do is to be patient, buy more at the dip and look forward to the long term than trying to play some depressive emotions. It is what it is, and for one fact, I see it as an opportunity to buy low.

Corrections are welcome when suddenly the price has jumped like 1 or 2k $ without any reasons. Those are generally where the whales have entered the market and in order to make money in short term they have pumped the money. And soon will even remove it when they get their target.

Yes, correction is very good for a market because it will help drive away some bad yokes and normalize the market and I also believe after the correction, there will be positive increase in the price of bitcoin and other crypto.

You hit it right where it hurts the bears :)
Nice analysis, and yes I too think that this time we're going to see 10k in next 45 days or so. I am hoping that there'll be no bad news regarding any hack or any regulation or any other crypto bad news at all. We all know how that can take the price down in few days. Bulls are having the momentum right now, don't want that to break for another week or so. If by the friday we don't go below the 7k mark (which was the long resistance now acting as support).

Yes, bear market is a necessity, and every technical analyst and specialist I know agrees with this opinion.

It's hard to take at the beginning. Your first experiences make you scared for your life! But if you're patient enough the next periods become easier and easier, and many traders even learn to use the bear market to gain profit.

of course correction are always welcome not only when the price jump from 1 to 2k but also when the price drops . correction do always happen all the time because it is correcting the price in order to become more stable  but cryptos are still volatile and correction cannot totally control the price . yet , correction is indeed a healthy thing because we can be able to get a benefit such as buying a coins at a more affordable price whenever these so called correction occurs .

You got it right mate,look at the market now in just a weeks you have posted this

Correction is needed in every investing business so the flow of prices will all at place

Wondering that the recent correction is enough for us to reach $10,000 again,or there will be another before this comes on our way either both i am seeing good things will comes to those who waits

yes really sir indeed we must always correction all coin that will emerge and its development so that we will not ketingalan information from coin-coin development which will shine in next month.

bitcoin prices are now starting to rise, I have predicted since last 14th of july, maybe the bitcoin price increase now will not last long after my analysis again

Yes it is i believe as of now it is starting go recover again. Yesterday it jumped more than 1k from 6.3k to 7.5 k. I guess this is just a start given that the CNBC News Experts are saying that it is impossible for bitcoin to recover but there goes the yesterdays scenario. Which is good for us but very big slap for the btc haters.

As all know that bitcoin price correction is healthy but if continue like this then its not healthy anymore.
You are right that the price is not like we expect since the price is bearish for any longer. We should wait for now. Patient is our key.

Time will tell if we are actually going to be seeing a bull run in the making any time soon.
Although, there is a likelihood of a head and shoulder formation if it indeed form thoroughly and we are about to use that to break the $6850 resistance upward, but I still would be careful as the market is not smiling at anyone right now and any little pinch can cause a rapid drop to the downside pretty fast.

At least, it would be a good thing to see some good uptrend though. When bitcoin is available for cheaper prices it attracts more new people as per my assumptions.

The market will be bearish until the problem of blockchain scaling is solved. As soon as any of the blockchains will solve this problem and show successful tests. This news is likely to blow up the market and will have a positive impact on the price of not only bitcoin but also all to criticize

I really want to hope for the end of bitcoin correction, it has been delayed for a long time. The correction will end when the big players will gain positions at the desired prices and give the green color to the positive news.

Yup. If I had only held onto all of my investments when I bought them, I'd be up so much right now. But selling low and buying in later has hurt me. Hodling works.

for me this is no problem. it should be like this, because the graphic flow created needs confirmation. and the decline in bitcoin prices is a deal. and get rid of people who do not understand bitcoin. if I see yesterday's rise, I think the price drop is over. and Bitcoin prepares to run up.

Correction is really normal in any market, every time we saw a bear candles expect the price to continue to dump and for sure it will pump later on when the whales enter the market at a lower price. We must not scared if you see some signal, instead trade with the trend and don't ever panic. Corrections will always happen, at any level in the future.

We can now see how things are working out and for those that has this same mind are building confident on the market.  Investment into cryptocurrencies and bitcoin in particular demands one to know were the state of the market is to actually makes money from the market.

But frankly speaking, correction is not a necessity when it comes to price pumping, correction is just some traders are setting their target at some point and then dumping it altogether but that only crush a little of buy wall.
Whether with or without correction, if the price is pumped steadily then it can be called a healthy market too, but if all of the pump and dump happen suddenly, well there's maybe some manipulation or just a temporary hype train.

It is still better than time when price was under 5000 dollars. My hope increase now because i see it is possible to really achieve moon price in next months. I will wait for this

It is August now, still no price recovery. It will take a few more months.

Bitcoin is still declining ...
Keep on hold ...
The market started to fluctuate ...
Stay patient ...
One hope for bitcoin ...
Keep on believing to rise later ...

In my opinion, Bitcoin today falls in price, and is quite strong in a small period. There is an explanation, but only we can speculate that everything will be fine, no need to worry, about this incident. because the fluctuations in the price of Bitcoin are predominantly influenced by news of opinion. So it happens to sell a crowd panic.

I still have a lot of expectations for the growth of Bitcoin in the last months of this year, although there are a lot of analyzes that Bitcoin will decline in the future. I think that if Bitcoin continues to fall sharply, the cryptocurrency market may collapse at any time and that is the result that no one wants.

It seems that such a fall will cause panic even amongst stable investors. And if sales start, it is difficult to guess what we will see the price indicators. This year is clearly a mirror image of the past.

History repeats itself just as they always say. Bitcoin price move up again, it may not be this month and the next but the market will keep trying to shake until the last weak hands will just sell his coins. The hope that I keeps me up though are the Financial companies that are trying to get into this market, if Blackrock and JPmorgan is already into crypto so there is no reason why quit this game of pump and dump. I just need to ride along.

Yes, I also agree with you that the correction is a healthy process for bitcoin and the crypto market in general because it will help to take out the underdeveloped projects and clean the system off scam projects a little and after this is done, the bull market starts.

It is called correction in the first place for a reason, to correct the prices in the market and so these big investors also are able to join and buy a good amount of coins according to their budget. So yes, it is healthy in a way for those who have extra money intended for investments.

More and more HODLers are cashing out because of fear, we have a serious correction now but it will end soon :)

Stoped HODLing, and now in fiat waiting to rebuy. IMHO correction will help market to move faster and more wisely. A little bit tired from great ICO where I have to dance and sing to get a chance to get in) So now waiting when all this will takes proper levels. Any thoughts about at what level I should rebuy alts back. Such like ETH, Neo, Eos, XRP?

The panic has already started, and this is not good at all. Selling the cryptocurrencies for cheap, people lose a lot. The whales can buy this inexpensive crypto, and earn MUCH.