Bitcoin Forum

As we have witnessed one more huge price drop in but coin and we are having a rough ride ups and downs, where is it leading to? Is it like taking few steps back before making a long jump? I believe so and what what about your opinion guys?

It could continue to drop and it could go up soon. Just as always, no one knows where the market is gonna go. Classic cryptocurrency volatility.

If you're interested in technical analysis(depending if you think TA actually works or not), I suggest going to Reddit r/bitcoinmarkets.

I think Bitcoin prices are waiting for a catalyst, now showing that Bitcoin prices continue to fall sharply, and virtually all virtual currency markets seem to be under great pressure. This shows that everything is in the wrong direction

Did you see this https://bcfocus.com/news/bitcoin-bullish-against-sec-rejection-wallstreets-crypto-king-bart-smith/20155/ ?
We should wait for the big move. You and I could be a wait or stay in one place but Bitcoin not.

Bitcoin's mission in the future is well known, with what we know is the expansion of the transaction, the digital age is constantly growing. It is a stepping stone in a new era of cryptocurrency.

The price of the bitcoin is going down again, dragging the altcoin series down deeper. From my personal point of view, bitcoin will go deeper than current prices, as Bitmex executives said the bitcoin price could be about $ 5,000 before growing again. That may be true but I'm sure a price will increase next time

I think that bitcoin price will be get up moment as soon as possible. some peoples who invest in bitcoins they having seen what are the doing now. however i think that there is nothing to fear. this field will be never die or break.If you have bitcoins,just hold them and enjoy your life.

yes that's true and I think that's the way it is, most of the coins have decline first and then they experience a very high jump ahead.

it is not butcoin it is bitcoin and it didn't have a huge drop. it is a small one and we are still above $7k so there is no point in talking about it.

what is next?
same thing as before, more adoption, more people investing in bitcoin and more merchants accepting it, and higher prices as always.
we just need to put ETF behind us  for all that to continue happening.

I'm not sure about the fall of Bitcoin so it is a stepping stone to jump far. However, based on the electronic market index, you can see that Bitcoin's decline is stable and does not die. All present observations are speculative only.

I think the ETF case will not raise the price. But the year that we passed, the ETF had risen rapidly after being rejected.

 What next for Bitcoin is dependent on the Volume of investment by the investors for Bitcoin. Market is Volatile, anything can happen at any given time, market value may goes up and goes down. Market is unpredictable, but the good  news is Bitcoin remain stable even with the down stream of the price Value of this coin, with good fundamentals, good market structure, and with high level of confidence by the investors in the Bitcoin market. It will soon correct itself after this market glitz. i am optimistic that Bitcoin will break the resistance on the market and once it break, it will make a history again....

It's bad to say but the next step is the return of the whales for the injection of liquidity which bitcoin has been needing for too long now.

Whats next for bitcoin?

Short term, 6 months - market volatility, price increases and decreases while all the time trending upwards

Medium term, 1+ years - market volatility, from a higher base the markets continue with volatility, upwards trend towards halvening.

Long term, 2+ years - market volatility, more adoption, supply and demand after halvening, trending up.

The next thing for BTC now is a price uptrend assuming it got accepted by the ETF. SEC said earlier this week that they are not the one delaying ETF decision but I feel after ETF announcement, the price will either drop heavily or rise crazily.

I believe bitcoin will pump again and even the price of the bitcoin decreased now again. Buy more bitcoin now and you will get more profit after few years now.
Don't be scared if the price of the bitcoin decrease the price because you can get more profit if you buy more .

it will all come down to ETF! and we are to blame for that.

if ETF is approved we will see a big surge, possibly a small bubble and a big correction as the whales cash out after the mini bubble and a lot of time will be lost with this silly trend. then price will start rising and possibly by the end of 2019 we see $50k-$100k

if ETF is rejected then we will see a drop, possibly even a big one and then we will see some downtime where FUD is at its most and price doesn't moeve up. again a lot of time will be lost because of that silly trend. then price will start rising back up and possibly by the end of 2019 we see $50k-$100k

I always fill my pockets with btc and few altcoins whenever a dump comes. It always gives me a nice decent profit in the next high.

I also believe ETF will affect the bitcoin's near future. We need ETF or something like that to bring new money to market, so marketcap will increase. There also has to be the media attention, again. Like in late-2017.

I also hope so, that prediction is good for all of us. I hope it will make a long jump after giving us a lot of drops.  :D
I guess there are still a lot of us making panic selling these days that's why the market is not jumping a lot because they are concerns with their capital to get back.

Yes ETF can put the prices back high and it can have a positive affect on whole market of crypto too.

Yeah right. those who are trying to recover or wanted to lessen their loses are now cashing out, not really sure what would be the next pattern
to follow in order to gain something inside the volatile market like this, if you are a believer then buying is very essential but if you are just
riding with it better to wait for some time.

I don't really see any huge drop though. We still have profited from last month and that price would grow in a few more months base on some analysis. We just need to be patient enough. More adoptions are happening and more investors are riding the train. But cryptocurrency market is volatile so we really can't say if it will increase or decrease.

I SEE IT!!! I see it growing! Even though governments and banks are trying to be BAD BOYZ, they can’t do anything. And finally they decide to work WITH Bitcoin, not AGAINST. You can’t fight against something that you don’t understand. So, relax, buy BTC, wait - boom, you are rich :)

Wait till you see all the FUD if ever the ETF get's denied. Then you're going to see a significant drop.

I think that we should expect the great future for btc as it has enough power today and it will only double several times. To my mind, this is the best way to earn money and learn how to avoid risks

As usual the price of Bitcoin goes down. More chances for investors  to get more Bitcoin. When it is cheaper that is surely more people are selling their coins. When it is at high price more people buying Bitcoin. When the demand is high , the price is also Very high. The volatility of  Bitcoin depends on How the demand of supply. If Bitcoin price drops , the next thing that Will happen will be the huge price increase of Bitcoin.

Bitcoin is in a downward trend. There is more selling pressure on buyers. In an immature market like Bitcoin, there are more traders and individual investors than programmatic key institutions and software that tend to reduce price volatility.

  is a lot more for bitcoin Right now, it has happened ten percent, now 90 percent is still

I think so too, it is falling to take the next step

Well aside from that I really think that the price manipulation is a relevant cause for all of this drama, And there are a lot of people have join in the dump of some, And because of these price drop there are weak hands that sure panic because of this, That is why no wonder it will sure happen anytime the value drop on the same manner, Many have join in this kind of situation where the price is low, But don't worry because when the price gets cheap there can be a panic buying that can happen.

I don't think it comes down to ETF. I think it comes down to whether or not there is a major bull run ('moon') in December. If there isn't, then I expect confidence in Bitcoin to reduce dramatically. The price might then reduce to closer to the fundamental value of Bitcoin, which I suspect is a lot less than what it is selling for now.


I'm not sure that anything like all of those who were avoiding losses are cashing out. I think there is a significant population of hodlers, even among those who bought in at a higher value and are currently in the red.

I think bitcoin will start growing next month very much after ETF. The best now is to hold your bitcoins guys and not sell so low. I'm sure you will not be sorry if not sell now.

Honestly where will the current price leads to isn't my concern right now. My purpose is to hold so I never stressing myself to watched closely the price.

Current price is still "tolerable" for me at least on my current view. Also Im not considering the current price movement as alarming.

So for me, just go with the flow. If price went down more, so be it. If price went up then good. We already know the risks we are facing here.

This is just like a game of whose will gonna lose patience and those brave one will get their rewards once the market bounce back. It's still bumpy roads to climb higher as it needs to regroup again and make a surprise run. Let just have more patience to wait for the bull run. Don't lose hope, bitcoin is still doing well even in a bearish market.

Its always like that, making two step backward and then one step forward. Obviously, we might be expecting that long jump, might not be around this year, but I'm sure its going to happen. I only issue is perhaps people can't really take what they are witnessing today and still on the December 2017 moment. This is all a eye opener for everyone but you have to take it in stride. We all wanted the price to go and hit another all-time-high but unlikely that its going to happen in 2018. All indicators lead to a prolong bearish market.

I honestly don't want to see another all time high any time soon. I prefer to see the market bottom out properly first, otherwise we'll keep jumping up and down and eventually tank deep below the $6000 mark.

If you keep testing the same main support levels over and over again, eventually they'll break. By itself consistently testing the lower side of the support isn't indicating that we're ready for more growth.

It only points out that the demand above $6000 is no longer there. People just need to accept the market as it is and stop desperately hoping for a miraculous bull run that won't happen.

Take a break or do something else that's productive.

Yes there are still a lot of people who are currently holding their coins when the market price is dumping because they are well knowledgeable about the market and they know that it will grow even more in the future.

Etf is one of the reason why the market prices are dropping today, there are price manipulators who are creating fake negative speculations in order for the market price to drop so they can take advantage of the price while it was low today.

Well firstly it will be so well known that people will actually spell it correctly and it will known as bitcoin rather than bit coin. After that, it will be widely accepted everywhere around the world as a global currency.

Better if you buy more bitcoin now and you will earn a lot of profit. But in reality we don't know what is the next of the bitcoin if the price are going to down or to pump depends to us because we are buying and selling bitcoin.

Bitcoins price is uncertain and the current market doesn't guarantee investing with all your capital on bitcoins. Until the bearish stops there isn't any hope for bitcoins. Bitcoins can be trading around 2000 USD by the end of the year if the same trends continues.

the prices are not everything in here, maybe we all need some more time until we can declare that bitcoin is not good, but in my opinion, everything is more than good now

Losing a lot of confidence in the crypto market will make it even harder to pump again in the near future. But if the ETF goes back well, I'm sure the market will recover soon. I have also read several articles that say this decline was due to something like that. There is no need to rush to buy for situations like this, because I personally believe prices will still go down again, if buying too fast it will only make you panic and worry, so wait until there is good news someday.

Actual condition of bitcoin price is little bit worse because the prices were falling everyday by a bit,but it seems like we didn't hit the bottom yet since we are waiting for the approval of ETF from CBOE but I read somewhere that CBOE also going to reject the ETF application which may cause more price fall to the bitcoin.

For those who may be going long and would not bother if the market get to tank further and just hold on tight may do so at this price as it is not a bad bargain anyway. However, there is every possibility that the market could still go lower as it is until further notice. No one knows how the market will be playing out eventually but what we know is that for those who are picking the bottom and more bottom will always reap the best benefit in the long run anyway, and isn't that what counts?

They are wise enough to think like that because all we need at this stage and to go out of these situations is to buy more and to hold tightly that will enable the market price to activate and follow the increase trend. As long as we are selling in low market the price of Bitcoin will fall again and will not encourage or activate it to go high so follow the solution for it and invest more.

Well in general, the market's situation right isn't one to make you think about profit. I mean, yeah it's acceptable to think about minimizing your losses, but why minimize your loss when you have a chance to gain simply by continuing what you've done for most of the year which is to hold tight?

I think the price of bitcoin it will up and down. But we still don't know. And if the price is down don't be panic just hold it until the price is up and already make a profit

So far it looks like it's going to keep going down, and there's a big difference between this bear market and the previous one, and this is a bear market of its own choosing.

I really agree with what you say, back off to get a very far leap. maybe now the price of bitcoin is cheap but in the next few months maybe we will see the price of bitcoin will jump very high.