Bitcoin Forum

Are we at the bitcoin bottom already? Ethereum falls pretty hard today just because Bitcoin hit 9110$, is this just a correction or the coronavirus at play again? I'm thinking about buying back BTC right now

Yes, things like coronavirus are affecting not only cryptomarkets but domestic stock markets as well. Second thing is that a recent surge in the price of Bitcoin, a correction was expected and coronavirus is becoming contributing factor to it.
From my point of view, still, BTC can be purchased at this level as we may surely see the surge in price after halving rewards event which will be held soon.

Halving is still going to take place in May, it's still bit far away to me and within this period of time I suggest you buy low and sell high and buy again, make sure you are holding Bitcoin when the halving gets here because the scarcity will eventually makes Bitcoin price to increase higher

honestly, I do not really understand why the decline that occurs at this time is the effect of coronavirus, whether it's due to panic sell or not, but I see a decrease that occurs is a common thing. however, the reduction hasn't reached $ 1,000. I began to think that the price of bitcoin could drop below $ 9,000. however, this is the right time to buy.

for long term holder price is doesnt matter.

If you are not then watch always the deep before buying btc. If you affraid this might be the last deep then you can buy already half of your funds then wait for another deep to buy again if the price will continue to decrease.

Getting stuck with Bitcoin is the best that can ever happened to a trader unless the trader is in need of money quickly, the bad move of trading is getting stuck with usdt while price keep increasing and you are waiting for price decrease to buy the deep, for long term holder its nothing to worry about

why do you think that coronavirus is contributing to correction, should not be reversal, due to BTC seen as store-of-value, Gold is reaching new highs lately, and BTC should have similar pattern as store-of-value, or you do not think that it is store-of-value?

It's safer to buy Bitcoin this year because of its achievement so far, another thing to look forward to is the next halving that will take place sometime around May 2020, even if we don't see higher bullrun after the halving this year will end with a huge market value

Sadly with the latest news on the spread of corona virus, the whole market are affected globally. I mean traditional markets like Dow, S&P, Nikkei are down and so as crypto. It might be painful to see the price today as the market is all bleeding, but we can't do anything but to wait till everything settles down in the next couple of days.

Price support is as strong as they can be, until such events like this will broke it. Yes, its a good thing to buy BTC today with small portions because it is on sale again.

I think there will be some other reasons of bad market situation not only coronavirus anyways the current situation of market is not bad for an experience cryptocurrency trader because this is the time to make decent amount of profit with smart trading and I think Bitcoin is the best option for this. And holders, they just have to wait for the right time hopefully further conditions will be good and effective for them.

The fact is if this coronavirus of a thing keeps growing it will affect Bitcoin to a level that Bitcoin halving will take place and nothing will happen, just my own point of view, only those who don't understand will go against my point

I could still see the current situation of the market as a positive thing. It's actually not the bottom because as we'll take a look at the history of Bitcoin, we could see that it has already reached the real bottom. As for me, there are just lots of current events that are affecting the market either positively or negatively. I believe that the Bitcoin halving would affect the market positively so we have to expect the best out of the current situation of the market. Corona virus will still pass and I don't think it's affecting the market that much.

Hard to give financial advises here. But if you have the funds to buy at this point, I would say go for it, we may never know, maybe this is the last time that we will see bitcoin on the sub 5 digits. Barely 2 months from the halving. And it could peak at $10500 again and then go on a rise at the end of the year. Still your decision though so best of luck.

All main cryptocurrencies fall, and some of them seem to accelerate today, maby there is corelation with coronawirus in europe, maby not, but I would wait with buying,
lets wait few days to see how situation will escalate :(

It's quite disturbing to see the dropping price of bitcoin like it already drops a few days ago and it happening again. I don't know if the current price of bitcoin will be the bottom line because we all know that it's too volatile. But, IMO OP it's pretty good to buy back now and I know there's still a chance that it will bounce back again to 10,000$ just like what we see in the last couple of days. The coronavirus still spreading in different countries and it's totally alarming. This issue has been discussed here and it seems this virus has a connection to the sudden changes in the price of cryptocurrencies. I just visit the Coinmarketcap right now and upon visiting I found out that some of the top rank altcoins are now dropping but I'm sure after a few days or months it will bounce back again.

It takes patience and is not quick to panic at every step to determine policy, that must be prioritized first, when you will determine what you do. because bitcoin and ethereum are the best and most reliable coins. things go down or rise in price is very difficult to predict but we can analyze it well to determine what actions will be taken. You are not wrong to get hold of bitcoin again because that's the best, but ethereum is also good and it doesn't hurt to hold both.

It is very difficult to determine if we are under bitcoin, because at this time bitcoin still has a good price even though it is experiencing a price decline, and the issue of coronavirus is not so influential, because before coronavirus became a trending topic, Bitcoin has experienced an increase and in follow by some of the other top altcoins, and it also happens at this time where all altcoins are experiencing price declines due to bitcoin also experiencing price declines.

looks like it caused by corona virus that attack in many countries, its not only cryptocurrency market that crashing. but isee stock market also crashing alot in many countries. by this moment in my opinion cryptocurrency still not considered as safe heaven asset in finance market. global economic condition will disturbed by corona virus. and we should not worry too much , just take it as gold moment to buy major coins that corrected now.

I don't think it is, the correction may be fulling bitcoin down below 9000$ in the following days, so for those who want to buy bitcoin and other altcoins just wait for more days, It seems the market was showing weak performance in the recent period, so its an early sign that the market will be moving again before the may 2020 halving event occur.

I don't think that this is already the correction, there are reasons why this dump is happening right now and the said reason which is the coronavirus has a huge part of it. Due to this virus that still spreads right now, it also affects the economic status of a certain country.

The event which happened today is neither bad or good because there are lots of possibilities the current event is just some way of the whales to push the price up to the $10,000+ mark again or beyond that. Opportunities like this won't happen every day, so if you have some guts to invest in some of those Altcoins, you better do it now or else you will not gonna see the price this low again. chances are few to buy them at their lowest price this year, that's why we need to take advantage anytime we see such an event.

I think there is no one who opposes your point or your point of view, it's just that we all need more knowledge when discussing, and before the corona virus was found bitcoin has been split through its own fork, and it is not influenced by others, well if now because the corona virus can affect bitcoin until it is split into two again, then it is very out of sync I think.

When a correction is expected, things like coronavirus or any other bad news become a kind of catalyst and push the correction further. Whenever price tends to go up, the market always looks for positive news to contribute to gains.

Coronavirus is definitely playing a huge part in this recent market condition, my advice is for investors to wait till this is over but if this managed to keep up which I don't pray so it will bring more damage to Bitcoin value

I think that buying bitcoin now is a good idea. after such a fall to 9100 there will be a correction in a positive direction. I think that this week we will rise again to 9500, but then I would sell again because after this we can go to 8500

Still all predictions, no one can tell where the market is heading from now on, coronavirus is throwing it's heavy blow on China economy and it's affecting Bitcoin value, I think there will be more loss in Bitcoin value from now on

Buying back is the good idea to do as the price is rolling back to become affordable to buy but with regards to the reason why this is happening then we cannot really point it out if it is because of coronavirus or just a correction.

But for me, there is a big chance that it is only a correction and the price will rise again in the following weeks as the correction happened for almost 1 week already. The chances that the bull will happen to this year is very high so we can say that this dip is only a correction if I were to say.

No one knows if this correction is the bottom but for sure its a good chance to buy since most coins are declining. Seeing the coins all red are not a nice view but it has an advantage to buy additional coins or for new investors who like to engage themselves in crypto.

You're right we always connect the situation depending on the status of the market and I think its normal because we are looking for basis why its happening.

most likely the news of the world's calamity including viruses in China affected this. although not directly, but the focus of the world will be shifted from investment to the source of disaster and how to be free from it. because when that happens, even investment assets may not be valuable anymore. although it is not certain, but it could be the cause of the sale of bitcoin this week and cause prices to continue to fall and now has not gone up again, which means the volume of purchase transactions has not increased again.

If you still have spare money to use which you can forget for a while. The market movement right now is a good opportunities for those who have enough funds to invest inside this industry.
Regarding to Corona virus, there's no direct relationship between crypto currency and this virus, the only thing that comes out from my mind are those Chinese miners who are affected of this situation, possible that they're using whatever crypto they've got for personal needs.

It's hard to predict why bitcoin prices are going down but if you look at price movements in the past few months, I think it still shows a positive trend. Bitcoin is a long-term investment, and I think with the Halving moment that will occur in the next few months, the price of bitcoin can rise again above $ 10k

The constant fall does not exist and the constant growth also does not exists. after the growth of bitcoin, its correction was very expected. Now after a fall of $ 1,000 it is obvious that there will be a positive correction that will slightly increase the price of bitcoin. if we talk about trading, now is a good time to buy bitcoin

If the price of bitcoin drops even more in the next days, i think there is a current event that had affected it negatively and when this happens, grab the chance of buying btc again while the price becomes low. It might be corona virus epidemic or the other way around. But since we are on its halfway for btc halving, btc and other potential coins will recover again which will make the market becomes green.

That's hard to say, market price is pretty declined at the moment but theres not much news pointing towards the huge dump maybe it just a temporary set back and will clear its level again. Corona virus? Why everyone keep pointing to that direction? How can a silly virus be the sole reason for it? How about whales are pulling out so they can buy back at bargain price which much credible for me.


When its over? I would love to know when this virus be exterminate and the marker wilk go back again. Your reason is prettt lame for market prediction. Dont blame soemthing like that for the market downfall. There's more pressing reason than this.

You got time until the bitcoin halving after that only the real bullish trend expected to begin so if you found the prices getting cheaper then don't miss the opportunity and if you are waiting for the perfect bottom then it can never be achieved so make yourself a decision now.I will say buy BTC back soon the prices will explode when we progress to this weekend hopefully.

now the price is under $ 9,000, and even the price of bitcoin is reduced by 5% in less than 24 hours. we go back to the $ 8k level, and this seems like bad news for holders and good news for new investors.
good plan or not, you will know after buying it. however, most people in this thread are quite certain that the price of bitcoin will soon rise, even after its decline.

This recent dump is definitely an opportunity for those who missed out to invest at the right, but at the same time we should not be carried away by FOMO and I don't this will have a long term effect and as mentioned by other users corona might have a bit of effect on crypto market as well but we should not be exaggerating things about dump and rather look at the positive side of it and plan for long term.

Not really sure that we are at the bottom price or not. All coins are decreasing much today and it still continues. Bitcoin price seems to go down around $8k, while ETH price is almost about $200. In my opinion, you are better to wait for a moment and see the progress of the decline. Only decide to buy when there is a strong signal that the crypto prices are at the bottom already. And then set the target rationally along with the possible future trend.

Suddenly market going down and i don't think it'll stop so early. So in my opinion wait is the better option until it'll hit 8.5k$ (only my opinion). I don't think so it's because of corona virus or something but i can choose correction option for that. There is still time for halving so some correction is not surprising thing. At this moment buying BTC wasn't a bad idea. Cause BTC halving is coming and it'll effect (a good on ;)) on every crypto currency's value. So buy BTC now is a good idea to me.

This is nothing more than just a correction to shake the weak hands to sell their bags while the whales increase their hodlings. Bitcoin and ethereum has been receiving massive profit in the past few weeks and it's just normal for a correction to follow since traders and short term investment Investors will most likely want to take out profit to reduce the risk of losing their capital incase an unannounced bear market hits the market.

Even at this price bitcoin and ethereum are still profitable provided you didn't case the hype and back way back when both coins were below this current price. This is just a healthy correction don't get fud.

Coronavirus seem to affect every market right now, even though it's unrelated and shouldn't affect bitcoin at all. Nobody knows if this is the new bottom or not bit i would prefer keeping the price lower then this for a while. Just to give it more boost when the time comes.

Who knows, it's hard to say why manipulators began to dump the entire cryptocurrency market so abruptly, but I'm sure the coronavirus is somehow connected with this, too, but I think that soon Bitcoin will again reach 10k$, so we must just wait now.

I don't think that the decrease in the value of bitcoin is due to the corona virus or whale transactions but I believe that it is only a correction of the market, however the true trend of the  bitcoin value for this year we will have it in my opinion only after the halving of May...

Lol, this is so hilarious. You guys have to always link current prevailing problems with the drop or rise of bitcoin. How exactly do you guys think this corona virus is causing the price of bitcoin to drop? I remember reading thread few days ago saying that the price of bitcoin was increasing because of corona virus. And now, when it started to drop, all of a sudden people are now blaming corona virus? Isn't there a chance that whales have made enough profit during this run and now wants to take some profit?

Well, truth is it could be either good or plan.
But buying bitcoin now depends on your intentions.

are you buying to trade in few days at a higher price ?
Or you are buying to hodl for few weeks / months etc

Whichever way, do your own research and remember to trade at your own discretion

Nobody knows if we're at the actual bottom. It could be the bottom but there could be a bottom of a bottom.

But honestly speaking, $8800 is a certain price to buy right now and it's a perfect position to buy if you are wanting to buy it. No relation about the coronavirus and why is it that I'm seeing topics that are relating the two things.

I think that the BTC is not at the bottom right now. There are still other moments that are lower than this now. But yeah, BTC price is falling and decreasing currently in line with the news of coronavirus spreading in Italy. I don't know whether it is truly affecting or not. But some people precisely consider the use of digital money my be increasing because of this spreading virus. So, what exactly happens?

Already happening, last night was down and today it also down more. Looking for bottom really hard to sync in. The major downfall probably could be related to stock market and seems to affect the price of btc. Of course investors are pulling out and we can assume that some also pulling out on their btc asset due to major sells and panicking.

We couldn't tell if this would be the bottom of it we are already at $8.6K as of now,
I hope that it is already the bottom of it the market is dropping down big time because of this.
I don't think that the coronavirus has anything to do with it but maybe the recent hacks are to be blame, If I am not mistaken only a few days ago a Whale got hacked and it was pretty big amount of crypto I think it is somehow connected to this price drop.

If it is for the long run then OP I think now would be a good time to buy some while the Bitcoin price is being dump.
I don't know if this is the deepest price that it could get right now but for me I think it is already at it's limit if the price continue to drop then maybe we could see it at $7.8K-8K.
But for the long term investment I could say that it is already at a good price.

If you’re holding only Ethereum, then I would say that is probably a bad idea. You shouldn’t be holding Ethereum without holding Bitcoin. I am not saying because of what happened , but because of what’s going to happen in the future. There is going to be a Halving of Bitcoin and you know for sure that have been a catalyst for bull runs. Same thing might also be repeating this year and we might likely see an increase in the price of bitcoin you will be missing out on that if you don’t have Bitcoin.

As for your Ethereum, don’t be too fast to sell them and convert to Bitcoin, there are still possibilities that the price of Ethereum will go back up. The price has recovered a bit from its fall in the last twenty four hours.

Why you connect corona virus with crypto any way, both are different and can make people confuse. No one know where is the top/ bottom and why can pump/ dump, we only have prediction. I think you need to see your strategy and evaluate again. I'm not blame people for ask but depend on what should also on your post, this time I only see pessimist and confuse. Use technical method with indicator to read market, after that make plan with safety tools, execute and accept the result.

Bitcoin is down to 8700$ and it's not stopping there, I made a pretty big mistake for buying at 9170$ with the hope that it will surge again and I don't know if this is bottom or not, if coronavirus is affecting Bitcoin then it's a bad news for Bitcoin because the virus is getting out of hand

I do not think that the current price reduction will reach $ 7k. but, this is indeed a good opportunity, even more, so the price is still at the price of $ 8,800. however, this is a chance before prices return to above $ 10,000. I am pretty sure when the price has reached the price of $ 10,000, it will be difficult to go down to the price of $ 9k again.
DWYOR, but I really think that now is the best time to add assets.

Neither etherum nor bitcoin dropped all that much, market itself is reacting right now and the prices all gone down which means it is not an individual thing from some whale. People are bored of bitcoin not going up so they took their profits, they are just waiting for the next move and want to move accordingly just like you. You can be ahead of them or way behind them depending on what you end up doing but that will be all according to yourself.

If you buy bitcoin here and it continues to drop you will lose a bit of money (it probably won't go down too much) but if you buy and it goes up you will probably make a bit of profit as well (it probably won't go up too much neither). So whatever you do, you will be ahead of the curve but hopefully for the better and not the worse.

You can buy more bitcoin if you want. You don't have to sell your bitcoin if the price does not reach your buying price because you will not make any profit. It is better to hold your bitcoin for a while, and you can buy more bitcoin. I don't think coronavirus gives some effect to bitcoin price because that is a health disease, and it's not related to the digital transactions, but I don't know. Be careful if you want to buy more bitcoin because we still in the unpredicted situations which anything can happen later.

Coronavirus is no more a certain country issue, it is now in Europe and italy, even hearing rumour it's already in the United States, but I am more sure of Italy than the rest, I don't see how this will not affect Bitcoin when it's already affecting the economy

The entire world is worried about a possible pandemic breaking out beacuse if the coronavirus situation and so every possible market is losing money as investor are pulling the money out 
Just look at the  NASDAQ and any other exchange . Things will be fine again after the panic is over.

We can't say that there's relation to it but if there were folks who bought the said bottom.

This is a healthy bottom and it's starting to recover somehow so, don't ever panic if the market was acting like this. A lot still doesn't learn from the past that they don't have to panic, if they do so, they are the one to lose.

It is the right to buy Bitcoin since I feel that something good will going to happen after we have done through a lot last January 2020. It is a fact that COVIT-19 somehow affects the World's economy since there are limitations to travel and to export goods. The good thing is that there are some cases of the virus infection that was totally healed. So now, it will not make the Bitcoin and ETH'S price total drop. I feel that it will boost and start it way up again.

One of the Important things worth knowing about Bitcoin is that, it is a very good coin which have a very high possiblity of growth than other coins, that is, once there is a bull run it mostly starts with Bitcoin. Therefore in my own opinion, if one aren't in a haste, buying or holding Bitcoin doesn't have a bad time since once there is a favourable market it will still grow; this is entirely different from most altcoins we have today. Lastly, although the effect of this virus is seen on the crypto market, but holding coins like BTC, ETH will always come to mind and worths it.

I think when Bitcoin's bull run leveled off, that's when an altcoin season began. So right now, I'm considering buying and holding some of the top altcoins like ETH or XRP. I don't expect my profits to be as high as 2017-2018 but at least I hope it will help me improve the economic part that I've lost since the end of 2019 to now.

bitcoin price is not because coronavirus and crypto are not related to coronavirus so don't blame coronavirus if there is a dump or pump in bitcoin. If you want to buy bitcoin then buy it now without having to say much about coronavirus

That's a trap, don't try to buy any coins now. The market is at a very sensitive point and BTC has not passed the $ 10k5 mark yet and we still have not identified the market as uptrend. Although BTC dominance is very high, buying alts now is quite risky, it may drop sharply in the next 1-3 weeks. Please be patient, do not invest such risks at this time.

It's a very bad timing to venture into altcoin investment right now, coming weeks the market will be in deep red and that will be the right time to buy altcoins, those who took advantage in March when bitcoin dropped to 4k make big profit days back before halving, play smart

Well now $ 9100 is the peak of Bitcoin. We can never know the future of this market, so never invest in suggestions from others. Focus on researching and investing your own way

bitcoin prices have started to show very fast price movements sometimes this can trigger whales and investors to enter to buy bitcoin again and there will likely be a bull run at the end of this year as happened in 2017, at least there must be preparation to be able to get a lot profit from bitcoin.

Timing really pays you up, its very important to assess before taking your position. Maybe if you are planning to hold for long term and you are really sure with your research investing will not be a problem. Do your part and observe how the market will go and act according to how you understand.
Be careful and always have a long patience to avoid making restless decisions.

Well, unless you are just a normal practitioner of average cost buying,,, in which case you just keep buying all the time regardless of the price! Personally, if you are also a long term holder, now is really a better time to buy than when the rally will begin. Bull trap does not matter in the big picture.

Bitcoin halving already over but if we look at the trend now,it is still uptrend but in a very sensitive.If you want to buy at this time ,make sure that you study the market movement very well.But if you know how to trade and play the market then there is no reason not to buy.After all it is still your decision if you are a risk taker and can afford to buy at this current  market movement.

You should detemine first the right entry if you want to buy. Some says that it will dump but most of them said that it will continue to pump. If your thinking for long term investment, you can buy anytime right now. If you have plans that are already set then stick to it. No one will stop you, and its our own opinions and predictions. If BTC bull run will happen soon, I'm sure most of other coins will also pump so don't forget them. Just imagine the previlege to take if you own atleast 1BTC in the whole world

If you bought btc last march, that is a good buy,

Its price drop below $5k, but right now, it's hard to determine if it is good or not. The market seems to be stable right now, and that makes it hard for every investor to decide because it has the possibility for a sudden drop sooner or later.

It should be remembered that although many investors think there is a buying opportunity for Bitcoin and the market orientation in general is this way, there may be a possible surprise or shaking movement. It should be well known that prices never move in the direction of the market, so there is a possibility that the price may make sudden and hard breaks in the process that everyone expects to increase. On the other hand, due to bad economic conditions, a possible sales wave may occur and price declines may occur. My personal opinion is that the market will rise for a while because there is high demand, but I have not made a definite purchase decision. I am thinking of making gradual purchases in the coming days depending on the fluctuation of the prices.

It's not the peak price of bitcoin and almost 10k should be the peak price of bitcoin. If the market was going in the bullish trend without any correction and we can predict the market will face another correction soon.
The decision will be going back to the OP.

From the time the OP posted this thread, btc was $9110 at that time, and checking the price right now at coindesk, it is $9122. So it just shows that even if the OP decided to hodl despite of this crisis, he won't regret as the price is a lil bit above than the price at the time of his writing. And I am more than positive that this will still go up in the next coming days.

https://img.techpowerup.org/200513/screen-shot-2020-05-13-at-10-28-11-pm.png

I think this is quite influential by Covid-19, because traders sell their assets to meet their daily needs
we hope covid-19 will disappear and crypto conditions can return to normal as before 2017-2019, and my advice is better to hold your assets for a while

To make a short-term comment, there is a chance to buy at the $9110 levels you mentioned again with the next price correction. Of course, this is only one possibility, and with a possible uptrend, we are unable to see this price level again. For this reason, I recommend that investors who want to buy and sell in the short term should buy gradually. Users who want to invest in medium or long term can expect a new price correction or can buy gradually from these price levels in order to be comfortable with them. It would not be correct to evaluate the price only positively or only negatively.

As at the time you posted this as all time low, it was around 9k$ ,but funny enough it fell to as low as $3800 but then bitcoin is one asset that when ever you decide to buy,you can always make profit, just don't rush it,look for a good entry and you are good to go. It's alway a good plan to hold some BTC and to know when to take profit.

Exactly! From February 26th to now, Bitcoin had a high dump and pump both! 3800$ was like an accident or an opportunity for the buyers, and that was for a very limited time! You are right that holding bitcoin is always a good idea but i won't say buying bitcoin is a good idea all the time! If bitcoin at a high price then there will be dump surely, so wait for the dump and buy at a low price!

I wish that after this, bitcoin price can still increase so high. If the price cannot rise so high, maybe the price can stable first at the $9,500 range of the price, and if the correction is happening, the price is down to $9,300 and not go down too deep. Investing in bitcoin can be a good plan as we can hope that bitcoin price can rise higher than the price now in the future, so it will enough if we only invest in bitcoin.

Of course, friend. There are still many opportunities, especially when halving has passed. We just need to be patient and wait a few months. The current market tends to be extreme, especially since it's a difficult time. But if you choose to fill the bag little by little no problem, while waiting for the big pump to come. Then we will party. All it takes is patience and a strong mentality to hold.

Considering the date of this post, it is a good plan, because it all turned out positive.
The question now is, did you take the leap? or you do not take notice the comments from the thread ?
Always do your own research.

for now we can only wait for the price increase of all cryto, and if indeed you have money, it's better to buy some altcoin that has good potential to save and sell if the price has gone up again

We cant expect the price to be stable, its quite normal for the price to fluctuate due to its volatility and besides thats how we can earn by taking advantage the market. Dip is not always bad because its the time for us to buy, if you have been here for long already then you're aware how the market works. So buy in dip and hold have patience to be able to wait for the right timing on when to sell.

I still think this is not a good time to buy BTC at prices above $ 9k. In order for your portfolio to be safe, Bitcoin needs to break the $ 10k5 mark to confirm a strong bull run. But if you buy now, the risk is quite high because we don't know what the next trend of the market will be. there may be a strong dump from the whales to continue collecting bitcoin and will push its price higher in the future. The best thing to do now is wait patiently.

I agree. Bitcoin is still having a hard time breaking $10k and it has a big possibility that its price will drop in the next following days or week. It is safe to assume that buying now is not the right time, and OP should wait for a little more time to at least see the next movement on its price.

the correlation between Bitcoin and the equities market are somehow. For instance, on the 12th of March, the price of Bitcoin fell below $4,000 after the S&P Index in the USA saw a sharp decrease. The reason for this was because there was a sudden flight to liquidity, and so, a lot of investors had margin calls in Equity that had to be covered by liquidating other assets like Bitcoins into cash - to meet those margin calls elsewhere. Though the price has now recovered to around $7,000, it will probably be a while before Bitcoin prices soar up again. There is a lot of uncertainty in how things will pan out and BTC is no exception.
you can since the world economic is affected

I think if you want to buy your bitcoin maybe this comes and you just need to be patient enough to get the benefits maybe for a few months bitcoin will go up according to time and I hope so bitcoin goes up ethereum also goes up I really hope

The best thing to do is increasing your stop limit as the price pushes up. I'm still in support of the opinion that a bull run will set in if we cross 10.5k, but probably we need some correction before then in order to gain more momentum. Some part of my portfolio are in USDT so I set an order to buy BTC and also ETH at lower prices incase there is a sharp dump. This way, I don't worry much if the market is bullish or bearish. But I still have some BTC and ETH in my personal wallet which I don't trade.

I am sure people already did that before, and now they only wait for the time for the altcoin to rise so they can sell it to make a nice profit. But still, there is no sign for the altcoin to increase so high, and we can only wait for more. Now, bitcoin price can be strong than before, and today, bitcoin price get a pump although not too big but it is enough to push the price to back to more than $9,500.


No, we cannot expect the price to be stable, but if the price stays at $9,200-$9,500, then I would call the price is stable at that range. And now, with the bitcoin price is increases, I think we need to wait for a while if we want to buy more bitcoin because if we buy now, I am afraid that we can get the high price to buy bitcoin. Yes, I agree that the dip is a good time to buy bitcoin because that means, we have the opportunity to buy bitcoin at a low price.

Btc is on boom again and reached somewhere close 9650$ and people in halving thought that btc may drop or not rising but now we see it has started to pick up momentum and back. We can see it may be back in 5 figure mark soon and this will build more confidence in the investors as well and people may make short term money as well with this upward movement.

Yeah, the recent correction when bitcoin at its peak over $9k really put a lot of us on hold. But look how it recovers right now showing the positive effect of the halving is real and definitely has the momentum to goes forward.

the bulls will continue to feed on us the little fishes as long as we continue to let them... to hell with to big sharks pumping the price of bitcoin and other major alt coins only for them to dump the value few days.. later.. the only safe bet is buying the deep and as soon as you make a little or tangible profit sell.. and never be tempted to back in the bull trend..

You will see the peak in the next few months. for now, the growth will last. but it would be better for all of us to be on the lookout for a dump that could happen at any time. and it is very possible and will happen. stay alert and don't panic.

Market collapsed because of corona virus many people were panic but now bitcoin is getting stronger seems it would touch $10,000 price. Lucky for you if you bought bitcoin or altcoins when the market was collapsed.

Going into anything could be dangerous when everything is so hyped right now, I would say going into something when they bottom out is the ideal thing for everyone but finding that bottom could be hard. If you are not in a rush right now to make a profit and not really have to do it right away, I would say wait. What will you be waiting? Well put a buy order at $6k and $5k, and wait those numbers, I know they are far stretch right now.

I know we will not be reaching those levels right now, however wait for them, eventually market could crash (emphasis on could) and at that point you will buy cheap. After that we all know bitcoin will go up anyway, you can put sell orders at 10k and you will double the money you have. This will probably happen in the next 1 year.

Bitcoin has been on its uptrend lately and I would say it's bitcoin season, I am actually hoping for more growth from bitcoin because of its halving that just occurred and maybe next month may likely be for altcoins. Let's just wait and see how it will go but I anticipate more growth from bitcoin and some altcoins.

Even though corona Virus is having it's own effect on the market but also it's not a bad thing to see some ups and downs in the market sometimes. And also people needs to understand how things work . Most times Bitcoin uptrend can bring most other coins down.

I think the effect of the pandemic situation is already saturated and will not see more impact on crypto market due to it. From my point of view buying BTC at the moment can be done but need to wait a little longer to get good returns.
Maybe you can invest 50% now and if it goes down more, you can invest the rest of the funds to buy BTC.

Coronavirus effect already over when Bitcoin dump 3.8k USD. In that time you should buy Bitcoin but your choice was Ethereum. From now I will suggest you to stay in Bitcoin until Ethereum 2.0 launch. I think my plan is good because your plan haven't any good point.. Now BTC to ETH pair will dump during Ethereum 2.0, ETH to BTC pair will dump.

I think buying bitcoin is not the right time now because the price of bitcoin has started to go up to almost $ 10k, maybe you can buy some altcoins that are down and don't forget to choose altcoins that have the potential to go up

corona virus effect arent totally remove because there are still places that arent still operating properly . some cryptos recover now but not too much  . some says there will be another wave sooner so lets not be confident too much but lets also pray that no further virus waves will happen anymore. he didnt say that his choice was eth but he only say that eth falls  . if eth was his choice then he already buy eth since it was already dropping and he wont ended up complaining on here

Considering the previously happened event called bitcoin halving, I think the effect will take the long term and will not provide us profitable earnings in an instant. Though many people are saying that these days are altcoin days, that is because they can see altcoins pumping a little bit. But at the end of the day, bitcoin is the main investment cryptocurrency and nothing could stop bitcoin as it reaches ATH in long term basis because of many factors especially scarcity or limited supply.

Honestly, I don't put to much hope and depend on the parabolic cycle especially since the current situation is different from the previous halving that occurred. Majority of the countries are having an economic crisis and it is actually hard to tell if ever we will see another ATH or not. Just enjoy the ride, anyway, crypto is full of surprise nobody knows what's coming. Just be prepared. Stay safe everyone.

Agree buying on the growth movement is not that wise. Can't be sure where the price will stop before dump/correlation/etc. Better just hodl for now and watch the market.

Well if youre trading with fast phase.
It is better to choose some altcoin than btc. Because i think it will have a good profit if you try btc for a lobg tern.
And
With the pandemic not all coins or it doesnt affect much the price of the market . ethereum right now are 150-200$ so i think it will go up again soon

man, are you for real, quoting sentence from February, and replying that ETH is now between 150-200$, while Corona virus was in the meantime :(
but, nevertheless, altcoin season could start now, it is not for sure, but seems that some coins are preparing for momentum to go up, and some of them already started to go up, and always analyze thoroughly before investment

I agree. But still you can buy some Bitcoin at this time because the price is still playing ups and downs. Just better do look and observe the price chart for the behavior and choose for the best buying price. But that idea was not that ideal right now because indeed that the price of Bitcoin is already rising into an incredible price. It is also good not to just focus on Bitcoin alone because while its price is rising, other potential Altcoins are experiencing a down fall so it is better to buy some Altcoins assuring that you will be choosing those potential Altcoins only for you to be benefited once its prices have grown up.

That's right, although you can still buy some BItcoin and wait for profit. But better you should choose some altcoins because the prices of altcoins are dropping to pump Bitcoin, this is a good time to buy altcoins, I think.

The bitcoin came down because of the Corona virus, but it soon went up again. And hopefully the price will get even better This is a good opportunity to buy a bitcoin This is because the bitcoin mining pool Has decreased

After few monthd you created this thread what ever you choose between the ethereum or the bitcoin you will gain profit.
But I suggest to invest more to ethereum than the bitcoin but don't forget that coin. What ever your plan make good decision and I jppe you have that two not only 1 coin.

it's better to wait for the correction, the price of Bitcoin has returned to $ 9500, but in my opinion it's not the time to buy, it still has to wait, but I suggest you collect Altcoin, because Altcoin who is still sleeping will wake up  ;)

I am sure that many people can be patient to wait for the market back to the high price because we all waiting from a long time ago, so that will not be a problem if we wait for a little while. Yes, I see it too. The market now moves unstable, and that makes us feel difficult to analyze where the movement of the price. But if we can still analyze to find the entry point to buy and sell, I believe that we will get the sign from the market.

I see the condition of the price movements of bitcoin and other cryptocurrency at the exchange where there is no indication to make corrections anymore, it may be that in the next few days there will be a bull run that might make you regret not buying coins when the price is cheap, at least buy a coin at the current price and wait until the price rises when the bull run occurs.

Unfortunately, it is difficult to estimate when and where the bottom of a given cryptocurrency. Bitcoin is already longer at a higher amount, but after a recent event (reduction of the reward for a block of bitcoin) it will still go up.
If you are considering buying it, then why not. The situation with altcoins is also favorable, I would consider investing in this direction as well.

The actual fact that ethereum doesn't seems to increase in price like bitcoin. Doesn't mean that it won't get to its all time high of $1000 after the halving. Bitcoin and ethereum should be our top priority of investment now

If we look at the history of halving then bitcoin is unbearable where bitcoin in altcoin is able to pump high and many even reach a new ATH with it but for now it is difficult to have an effect also because of the global crisis that occurs due to pandemics around the world then this increase is not so beneficial for us it even tends to decrease again due to a lot of fud news.

BTC and ETH are the best advice to invest but to wait for the release of 2.0 it will be too long because there has been no news about it when it will be released this year whether this year.

I think everything will be normal if the pandemic is gone.

That's the speciality of the crypto market, no one can predict when the price will go up and when the down may come! Though I saw several predictions that Bitcoin price will come under 9K USD anytime soon. So, I think the buyer can wait for a slight dump in bitcoin price but altcoins are in a good position to invest!

It's fundamental truth, we should be invest when the market is going slow down prices & selling them or hold till growing up the market price. We can see good  or bad plans its depend upon our own decision. I can say l am not a expert  man in trading ,it's only my views.

Yes, the pandemic posed to be a huge threat to not only the cryptocurrency market but also to the traditional market at large. you can see its effect on oil and some other indices. let's hope the pandemic goes down gradually and the market to have its recovery phase

The current price of bitcoin is more like a trap. The bull is not coming anytime soon, so it is likely another downtrend comes in. Many would be deceived this time to think that Bitcoin is set to go above $10K, but I doubt it would cross that now. Altcoins, on the other hand, are still under the influence of the price movement of bitcoin, which can be confirmed from its dominance value. So, for that too, expect more downtrend before it picks up from there on its own.

I think coronavirus will affect BTC to some extent Because a few days ago the price of BTC went down a lot But now when it comes to the current situation, the price of BTC is likely to increase The main reason for this is BTC having But now I think BTC prices could go down at any time So i suggest you If you try to buy BTC at a lower price and sell it at a higher price then you are less likely to lose And of course you have to understand the market situation and buy

As long as the rate will be 10.000 USD or higher I think we can be satisfied.
Up to the 20.000 USD  ;)

Hello everyone and all the best.  Well, this is the middle of May.  There were no significant changes during this time, but there are potential and good prerequisites for the future.  I want to believe that this is the beginning of the process, and it will continue with a progressive correction.  And finally, we will see a price that rises to $ 15,000, and possibly more.

It's not the pandemic that is a threat but the actions of the governments.

The pandemic did not kill staff of all the restaurants in the EU but the governmentas effectively made them all useless, as good as dead, bu shutting down their businesses.

The coins will gain value as people realize that the pandemic isn't as dangerous as described by the media.

Look, volatility and ups and downs are part of the market, you are talking about feb price but i remember it was march when btc dumped to around 4k but thankfully it has recovered and looks bullish from here on. What i want to convey is that as a hodler and long term supporter we should stay confident about longterm growth and not panic whenever we see dips.

It seems that this Pandemic situation will last until the end of the year, seen the number of additional cases in the United States and the world is getting higher, I do not understand, is the government handling it properly ?, and I think a pandemic will benefit the crypto currency.

As we can see bottom of bitcoin was happen already around 3k$ if I'm not mistaken you can buy bitcoin as long as the value of it was 10k$ it was a good opportunity and hold it for a long term and don't panic even if the price of it turns down just continue holding years will passed and you will see that your investment was worth it at all and you will see good value.

It is a good plan when you are investing, especially when it is king of crypto currency bitcoin, and king of altcoins.
Both tokens assure bull run in the future, and you will always get your profit from them if you dyor

BTC prices have now gone up little by little, I predict the prices of BTC and altcoin will soon rise again as in 2017, if indeed it happens then now is a good opportunity to buy and hold it for a while

I think you buy BTC now is a bit risky because I see $ 10k is the resistance of BTC. I think after the halving time without FOMO to break the resistance level of 10k USD, I think btc will decrease to 8k USD or 7k USD. This is a good price for you to buy for long term hold.

yup! that's right.
the price of btc will go up, i believe that. But I think, the price of BTC will not be the same as in 2017.
and indeed this is the time to buy BTC or other altcoins which are rated above. hold for the next few weeks, i'm sure it will be very profitable.  :)

Yeah I can see it that way to, it would take long for us to really recover from the pandemic we are facing against right now. But I don't think it would make a huge role making the cryptocurrency grow as everyone is expected. There are still a lot of ways to earn, spend, money online and crypto not in the top of that since it is not globally adopted.

Supposedly after halving, bitcoin will move up and can break through $ 10K. but it did not happen and will always go down again to $ 8K and then a few days back up to $ 9K to try to break through $ 10K. this incident seems to continue to occur seems still difficult for bitcoin to penetrate $ 10K.
If in this situation it is better to wait again for bitcoin to drop to $ 8K if you want to buy bitcoin.

It is hoped that if the situation is a little normal. This problem will be solved. However, the market is expected to return to the previous position soon.We have to wait a long time.Not that people are slowly relying on technology.

Yes, bitcoin can't break through $10k. It is only because even if halving was done already, it won't affect immediately the market. It will take a few months or a whole year before we see some changes in the market. Right now, it is better to wait for the right timing before buying.

sooner or later, the price of bitcoin will definitely reach $ 10k again, or even higher. at this time, the block has decreased, and sooner or later, people will need bitcoin, and make the price go up. owning bitcoin, for now, is probably a good idea. however, I think the current price of $ 10k will be very easy to get in the coming week.

Are you buying for long term or what? That's the question you need to answer within yourself, if you are buying for long term then I don't think there is any problem buying Bitcoin anytime but if you are buying for short term then you need to study the market and so on to know how feasible it will be. Either way, Bitcoin can be bought anytime and there won't be any issue even if the price dumps as it will still rise which have been seen for a long while now but same can't be said for other coins.

I am sure that everything will be normal again, and we can solve every problem that we have now. We need to be patient and keep trying to solve the problem, and I am sure that the market will be back to the high price again. I hope that we don't have to wait for a long time because now, I think people are now trying to learn about crypto and the technology behind the crypto.

If you could look at the chart today, your plan would be just so-so. Not great but not bad either. The solid plan to get by amid coronavirus affect market and force BTC and altcoins to correction is cash out USDT and wait for BTC dip to buy back.

generally probable the news of the world's misfortune together with viruses in China precious this. even though not directly, but the focus of the humanity will be shifted from investment to the foundation of calamity and how to be free from it. as what time that happens, flat investment assets may not be priceless anymore. though it is not certain, but it may perhaps be the root of the auction of bitcoin this week and root prices to maintain to drop and pronto has not used up up again, which method the quantity of grasp transactions has not augmented again.

Your planning is to either but don't be afraid because bitcoin one of the best currency even you will make profits surely, but if you can buying in longer plans. Do you like holding with run long time then no need to worry so let's see market situation.

Everyone wanted from bitcoin, have a big pump But unfortunately it dumped again after halving. so it's different to predict about it.now support is at around $8k & resistance is at around $10300. So it will be okey to buy if btc cross at around $10500  ::)

The only possible price to see Bitcoin fall back to is $8000 or it stagnates at $9000 before the real pump. Either of the two, I am optimistic that no matter where it could be now, in the long run, it will pump more, which is also feasible this year.
I actually made the mistake of buying when the price was very low, because there were lots of FUD then, that it will fall more.

Buying bitcoin right now is a bad decition. Halving is done and  no big pump occurred. And now it is risky time, bitcoin may dump around $8k from $9400 price. So better try to understand market

The world has gone through the two world wars. It will certainly get over this pandemic, but before that the economy will suffer a lot with it. The crypto market is still affected, and SCAM projects seem to be more than ever.

The price of Bitcoin under normal conditions, I think, would have jumped by 13k dollars, once it was halved.

In conclusion, the normal we all dreamed of will appear later than we expected, but it will appear.

 

   In long-term it's not matter did you buy at $8k or $9,4k! What's matter is that you have Bitcoins and
Ethereum or you don't have it. It's dilemma for me too, to buy more ETH or to buy more BTC, I try to
invest in both of them equally, to have both of them for the future.
   Understanding the market is for traders, for long-term holders it's important to understand the idea
behind the project, and to believe in that idea for years!

As i have been monitoring long and keeping the longterm view and historical cyclic patterns in mind, i would say that btc under 10k is good entry likewise eth under 400 is good entry if you can hold for 12 to 18 months because the new all time high prices are expected to be huge this time around due to change of world dynamics.

Basically it's doesn't matter if you can take longer holders because bitcoin price not enough in 9k/10k dollars. Do you have analyzed about bitcoin price grep in 2017 year then you can monitoring don't excited sold at in cheap time. You are right Halving is done but price still cool right now so i hope this is expected chance for around 11k next bull.

Bitcoin has largely failed to perform as a so-called safe-haven asset during the coronavirus crisis so far—though is changing already

The bitcoin price fell sharply amid a broader market crash that will go down in history as one of the worst market routs of all time, but outperformed major U.S. indexes for the first quarter.
Its a good to invest with the hope of make profit in the nearest future.

It did not fail. Temporary drops do not affect the average price per year.

It's not a good coin for daily payments because it experiences these flash crashes but that's mainly an effect of little market depth on exchanges. It's still a good safe haven. If you bought coins for 10 thousand dolars before the pandemic you pretty much have the same value now.

It is a good time and good plan to buy bitcoin when it is experiencing its bear.
But it is a bad plan if you are expecting a bottom price for bitcoin.

Bitcoin is the best coin you can invest in anytime, but dyor and get an easy entry

Of course good plan. Verily posiible to slowly increase btc price as a result of halving. Btc still standing upto $9.8k, that's great. No serious impact of corona is noticed. So have enough chance to pump soon. So holding btc is a good plan

I guess it's not bad, if you have the capital then buy BTC at current prices. as we know that half of bitcoin is coming soon and this is a good opportunity to buy and wait for the time to arrive. and I think corona doesn't affect the price of bitcoin.

I think it is possible to buy BTC at this level because we can definitely see the price increase after halving the event to be held soon. We can do nothing but wait until things settle down in the next few days. The Corona virus will still be over and I don't think it will affect the market that much. We should not worry too much.

I don't really understand why the decline occurring at this time is due to coronavirus effects. Why do you think coronavirus is contributing to correction?
I think buying bitcoin now is a good idea. Most people on this topic are pretty sure that bitcoin price will soon increase, even after it drops.

I also do not understand this situation, even though I am very optimistic if the price of ethereum will also creep up. moreover the latest price information from bitcoin has reached the level of $ 9350 ...
this further gives the price difference to ethereum

Your statement is right about BTC, everybody is most believable about BTC and wants more BTC than other cryptocurrencies. No doubt it is so hard to predict what will happen, there are a lot of reasons for changing the price of BTC. However it will be worthwhile to collect BTC, for the long-term, it is not a good idea for short-term investing.

bitcoin is currently very unpredictable, has several times headed to break through the $ 10K figure, but it never happened and again declined to $ 8-9K only. but not long afterwards it moved on like it wanted to penetrate the $ 10K and it didn't happen either. This incident seems to have happened several times this month, so it is difficult to be predicted accurately even though usually after halving, a year later there will be a sharp increase. and I agree that make bitcoin a long-term investment if you see the trend when halving in 2016.

We can leave the Coronavirus to what's happening in the market, the market has bounced back months after the pandemic, although we are still in the correction period, the market will eventually show it's strength, before the end of the year, the picture could have been much different if we do not have this pandemic but the end results will just be the same.

That is very true. No one wanted a pandemic to happen but eventually it came. The market is very difficult to recover because it depends on the world economy. Currently, the world's two leading economies, the United States and China, are still struggling with the pandemic. It takes at least 1 year for them to recover the economy, then the market can recover