Bitcoin Forum

https://cryptodaily.co.uk/2020/02/btc-hold-trend-line-decline
Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

Suddenly people are in panic about Bitcoin's dip when it is recovering after the dip, we cannot just create FUDS every time it goes down, this is a highly volatile market always expect the unexpected I'm buying more but I'm not buying that article's story line.

Exactly. If you think $1500 is a big move in this space when we've moved from $4000 to $10300 in just a few months then maybe you need to reflect on that or realise this market isn't one you should be in at this time...

It is possibly true but halving is just 3 months away so expect FOMO begin to hype the bitcoin community again.
That article maybe creating fud to lower the price more.

All the volatility means that BTC hasn't reached mass adoption yet. It has a long rise ahead of it in my opinion.

The indicators pointing down trend still in the coming days, there is no signs for it to go up but it could just keep the price near $9K until the market begins to build up the again. You may be disappointed to see no breakouts to $10500 resistance but it may just change next month or so. I wouldn't think of buying right now but waiting for another dips could be a chance.

Can't say it is impossible but it is not something to be feared of. (as long as 200 W DMA holds) This is not going below $6k. If it does, now you can panic as much as you like because it is probably going to $1k if it happens as Tone Vays says. (I think he is full of shit and making too many wrong predictions  lately which makes me think if he is doing it on purpose)

I already expect for these sentiments to come out for those people who do believe much on increasing runs without even thinking on price corrections.We've been rallying for months now and even reaching almost 11k

in price without stop? Its impossible for a market to go up all the way without minding for some correction.People do usually got panicked when the price settled down with few percentage without looking back on how
much percentage we have risen. Im not really into technicals yet this time would be good on buying some cheap coins.

Ugh, yeah.  I assume you're talking about last year, and I think the rise was even more dramatic than that, as bitcoin started off 2019 at around $3200 and hit the year's high in the summer.

Anyway, I really don't expect bitcoin to keep falling and I think it's showing everyone that it's not doing that.  Yeah, there was a pretty steep slide but it seems to be bouncing back fairly quickly.  And I don't want a mega-bull run like we saw in 2017, because there would doubtless be much worse corrections/crashes if that happened.  Slow and steady with a bumpy ride, that's how bitcoin can maintain it's valuation.

Never sold anything during these scenarios, I'm not panicking and still good and kicking.  :P
There's no need to panic during these times and if you're still relax then you have been visioning the long term effect of bitcoin.

You nailed it. There's no need to be in intense panic if we have seen the past.

I won't sell my bitcoin at this moment while it still continue to decline. The good about this opportunity, I can buy back bitcoin at a cheaper price compared from the last bounce. Once it goes down, don't miss any chances but rather grow your holdings in order to acquire huge profit when another increase might commence in the near future.

People just need to learn that volatility is normal part of Bitcoin functioning and that price can't always be in upward trend.
Currently we are facing corrections and it isn't impossibe that price goes even lower than 8800$ that aprox.is current price. However, there is no need for panic or selling your coins, the price will recover.

I didn't bother to click and check on the link provided. But, what's good to do during the market declines, is to buy more Bitcoin, instead of selling it for a much cheaper price. Ones you're invested in crypto space, you should be capable of justifying yourself when to sell or buy. You don't want to invest blindly without setting a target price. If you haven't reach your realistic target, then there's no reason to panic sell when the market is declining.

It Fall to 8.7k and no buying pressure. So it likely fall more. I hodl through.

It is likely to persist now that I have pressed the buy button to hold on for a long time hope is still there after halving has happened.
It's quite appropriate to hold from now on too and wait for the $ 9,000 target in the near future.

Why the hell would I sell at this price? Doesn't make sense, on the contrary people should think of buying when there is blood in the street.

And just for the record though, crypto bleeding has somewhat stop, the price is now around $8700-$8800 which is a good buying point specially if you are to FOMO the block halving in May.

I would say the price action is indecisive. https://www.investopedia.com/terms/s/spinning-top.asp

We can see the daily continuing to close above the 200-day MA, and a big fat doji printed yesterday, so bulls are fighting back.

https://i.imgur.com/TJ32KJT.png

Like the circled example to the left, we may need to take another run at the lows first, maybe give this 20-week MA a proper tag:

https://i.imgur.com/UxeSa8Z.png

People are getting very fearful but the chart doesn't look that bearish to me yet. I still expect a very bullish recovery in March.

I’m not that good in technical but we can easily say that bitcoin is dumping because of so many reasons. I’m not buying big yet because I’m waiting for the dip and of course I will not sell on panic. This is expected because of the negative events, and after hitting the peak this year. Let’s hope that this is just a correction and hoping that we will not go back to a bear market.

Mainly HODLing it  8)

Trying to gain whenever and where I can ....

The stock market has taken a huge dive globally and it is one of the worst corrections we had after the last financial crisis and the main reason that is said is the spread of corona virus to new countries and the companies will be having the affect because of the crisis and that is the case with the BTCitcoin in my opinion, the stock market was falling for the past few days and we had a huge correction in BTCitcoin too and the smart move is to invest when ever there is a correction.

I'm still dollar cost averaging, mainly into altcoins shitcoins for satoshi gains, and otherwise laddering myself into this tasty looking dip.

I wouldn't do that as we are heading down unless you believe that the dumping is over. I was looking to take a spot position into XRP myself, then decided not to until Bitcoin made its next move, which it did, and I'm glad I waited because I would have ended with fewer satoshis instead of more.

I'm more comfortable getting in when there is positive change of behavior, which we had a realistic chance to have, but the market decided otherwise. Currently it's the exact opposite with more bleeding to come for altcoins versus satoshis. The 'altcoin season' people were close to having is put to a halt even though they did have a nice run lately.  :D

It goes 2k up and then 1k down.
It is not that bad yet. Maybe you are just shaking right now. Try to absorb reality first.

I have seen so much panic here in this forum and mostly they end up regretting by selling in just a little dump.
I don't but or sell for now. It is like I am just on the waiting line and trying to watch everyone's decision with popcorns on my hand.  ;D

Shitcoins work as leveraged btc most of the time but I am also starting to believe they are the reason we are not taking off.

Imagine buying btc at $7k before it makes its move to $10k. You make ~%40. If alts also go up against btc that's easily %100 profits. (they lose much more than bitcoin holders when it goes south though, it works both ways) People who normally wouldn't be happy with %40 gains are selling their alts and since shitcoins are pegged to btc, that's creating sell pressure on us constantly. (in a leveraged way)

In other words, shitcoiners' greed is working against bitcoin. Shitcoiners are scamming bitcoin hodlers.

They'll keep doing these hit and runs till  either there will be no money or no shitcoins left.

Couldn't agree more. Shitcoin speculation regularly holds the BTC price back. The 2018 drop from $6K to $3.2K was when Bitcoin SV was launched for example.


I'm not sure I'd called it "scamming". These exchanges that offer btc/shitcoin pairs are offering free market options. Nobody has to hold their btc, or trade in shitcoins, they are free to do as they please. If people want to panic sell because their bitcoins are falling than I'll also happily buy it from them. The fact that people sell overbought markets (btc/usd) to invest in oversold markets (btc/alts) is a necessary cycle of cryptocurrencies. Whether good or bad is beside the point if it's a regular inevitability.


Until Bitcoin matures, with a reasonable volatility compared to other asset classes (probably in around a decade at some 6 figure value), then the speculative nature of Bitcoin will always attract speculation on so-called alternatives. This is the natural greed of parabolic markets, like it or lump it.

Just my opinion of course  ;)

I don't know what people sell because of what, but it looks like the price is only slightly going down and will make a recovery. so far, the price of bitcoin has reached $ 8500, it has even fallen by around $ 1500 to date. I do not think that the price will return to the level of $ 7000, but if the decline continues, it looks like we start halving at prices below $ 10k.

I don't know why people become so panic. The market has been steadily rising since the beginning of this year. There would be a correction, which is a good trader they knew about this correction. Most people when think the market becomes skyrocket, the opposite happen. It's the rules of the market. It’s important for shakeout. Those who hold long term they are buying right at every dump. I'm doing it myself.

Still following PlanB's S2F chart, nothing to worry about here.

Instead of having a panic and worrying about of the decline, why not think the other way around. Just buy already if you see the opportunity to buy cheaper price because it might be the only time you will see this price and most of the time Bitcoin price is being manipulated.

People panic because they are out of FIAT. They are not afraid of bitcoin crashing to zero which is never going to happen. They get mad because other people will have another chance to buy cheap coins. All-in people think others had enough chances to get on the train. (Even though I am not all in with btc -yet- I think they have a point.)

We don't know what will be the outcome of this ongoing trend, and still it has no definite signs on which this declining value falls. As of the moment upon looking with my blockfolio, binance monitoring showed relative response on recovering price. However, that doesn't mean we have to put our confindence on it because the market might crash on some points which we never wanted to see.
I don't know with other exchanges monitoring, but btc's average cost  is now at $8.7k on my current checking.

Some of those getting mad on situation happening right now are the people who doesn't think on what will be the outcome of their decision upon buying bitcoins or in short they are not open minded with possibilities but if they are train enough to counter those dumps and learn how to earn with it maybe they will be happy to see those more since it's a opportunity but soon we will see those bull train since halving is still coming.

Whether the price of Bitcoin would pump or not is just a matter of its standing in the present because, for me, there is no mistaking that by may or the month of the halving, the price will shoot up as its supply gradually decreases. Even though the price of Bitcoin these days is down, we could still see the struggle in its price as it faces a lot of resistance below the $9,000 range. So far, I have seen its lowest in this month of February in a $8,500 range but, this day, the last days of the month, shows gradual development in its price at $8,700. We might expect an increase till next month that could possibly mean a new all time high record for the year 2020, so we should keep holding Bitcoin till may.

I think we are already hit the bottom of it,
I don't expect another price drop but instead I am waiting for it to bounce back.
But if there would be another one I think my expected bottom would be around $8,400 I think if they want to invest or buy some BTC now would be a good chance for them.

The market is high volatile therefore its a temporary scene for crypto. I used to see the price of the coins turning ups and down like a roller coaster ride so its not new anymore. Dont panic just because you see a correction, be positive or dont monitor the market often until it turns better. Im not selling at this time but I dont buy as well, not because I dont believe in btc but because I dont have extra capital to use.

I am trying to hold my bitcoin because I see that I don't make a profit from the previous buying bitcoin at the binance, and I guess that we might see a lower price soon. But I hope that in the next week, bitcoin price can return to the higher price, and bitcoin price will be able to break $9k again, and slowly it will break another higher price. This month, bitcoin price has experience in the downtrend, although we already touch $10k. Unfortunately, that moment did not stay for a long time. We need to hold for more, and I think we have a good time to buy more bitcoin at a low price now.

Bear and bull market are constantly change one another in the crypto market, after days or weeks of bull market we can expect bear market to take its place. The same is with a bear market, after days or weeks we can expect bulls to replace bears at some point.


Holding is safer than trading! Trying to buy low and selling high doesn't work for everyone. From short term trading, I got into mid and long term trades, it works much better for me and sooner or later the price always swings in one or another direction.

I also think that Holding BTCitcoin is safer than trading. It is really a long-term investment. Some have mentioned that the lack of adoption contributes to the volatile price. Bitcoin will always be in any portfolio. I think we are seeing a better forecast of the price of Bitcoin compared to last year.

to start answering your question:

You ok boomer gold sees biggest loss since 2013 as bitcoin steadies (https://cointelegraph.com/news/you-ok-boomer-gold-sees-biggest-loss-since-2013-as-bitcoin-steadies)

Stocks post worst week since the financial crisis (https://edition.cnn.com/2020/02/28/investing/dow-stock-market-today/index.html)

this shows that it is not just bitcoin that is falling a lot. Can you ask me how this is all related to bitcoin? If governments are putting people in quarantine, if a lot of people get sick, then a lot of people will sell their assets to have fiat to pay for things in the real world. with this problem of coronavirus, people will be concerned with health care instead of thinking about investing in something. I do not believe the data on the number of deaths and infections that governments say, especially if we are talking about the Government of China. In my opinion the situation is much more serious than what is being reported, this is because politicians always have the habit of hiding things from the people


I converted it to USDT and I’m waiting to see how it all looks over the next weeks

you provided a link and your seem so sure that the btc price will decline but your now questioning the opinion of others ? hmm i think im also with you because that is also what i feel not just a feeling but the decline is already experienced and now the decline continue from time to time yet im still selling my coins ( no choice so far ) just because i badly need a cash too.  i just hope that the decline will now stop and the value can recover to atleast 10k usd level so that my monies will be somehow sufficient

Maybe I should...but trying to forget it because even it drops (and actually it drops for sure) I keep it holding. I only have to buy Bitcoin if the price will fall back to $8k but it seems to be impossible to happen as we are close to halving event. If we could see dumps in the coming days, it actually be of normal correction and meant to happen all the time. So I have nothing to worry about it.

Its the battle of two tides, we have a trend relating to bearish failure of the previous rising channel but also 2 day momentum which BTC price needs to beat to prove itself as positive.    Till its clear on weekly bars it can move either way.

https://i.imgur.com/2X5wl3O.png

Its neither completely negative or proven positive at all yet.   Its just falling the line down right now at a relatively slower descent then just recently, I would expect it to resolve to move in one direction or the other with more commitment.

So close or not still there are possibilities that we will touch at $8k  although we are near to that since the current price is $8700  and yet there is a less or maybe no participation of the current holder since for now Chinese got struggles since they are facing a crisis, Hopefully they can recover when halving nearly comes so that we can see a another set of price pumps until it reach for another ATH.

I don't really want to sell now that it is low,
I didn't sell it when it was still at $10K so why would I sell it now?
I believe in it's future price that it could still get way more higher than just $10K or even $20K so I would continue to hold it.

We already know that a price like this can happen because that’s how bitcoin is doing ever since, it may show an upward trend but surely there will be a drop suddenly and people still panicked. I would suggest instead of doing panicking why not use every opportunity to invest more for higher profits. We are at $8k now and since we are expecting a bull run and another all time high why not buy some coins to prepare for bull run. Panic will not do any good it will only do more bad than good.

Exactly, if you've been here in this industry for such a long time then this will not be that much problem coz you're already know how to handle this things. Market is indeed volatile thus expect that there will be unexpected fluctuation occur in a single amount of time so let's not get surprise about it and create anymore FUD.

Selling our coins would be kind worse option, but buying which is more likely reasonable especially if you have more funds to invest with. In my case, I think I bought enough so I guess I'll wait till it goes up again and wait for bull trend to comes.

Downfall on its market value should not be surprising anymote to the investors. We have seen such thing before, for a couple of times, and it is simply a nature of market volatility that we, as investors, should not be worried off and scaref, becauce once the market value became low, investing won't be that much of a heavy load to make. Also, after every dump, there will be an increase which should be an obvious sign that downfalls are the best time to invest and make profit from.
selling at tgis point is not a good  idea. Profit will be bigger if you would be more patient with regards to the market behavior. There is an anticipated bull run this year, and believing so won't cost that much. Invest at this moment and avoild selling due to panic. Bitcoin halving is believed to be the trigger of a new all time high market price. Investing at thr moment won't be that much of a burden because profit will eventually be earned from doing so.

this only makes people who want to hold bitcoin with a large amount to buy more assets. so far, I also still maintain the assets that I have, even I am looking for ways to add to it. selling now I think it will reduce profits, and if you want to really sell the bitcoin you have, the price that is worth is above the price of $ 10000.

It doesn't look to be moving nowadays. It had a bad fall recently but that looked like the end of it. I am one of those people who think if bitcoin is falling it will fall as much as it can and stop there, when it is going up it goes up in parts but when it goes down it goes down all at once.

Maybe I am wrong on this time and the price will continue to drop so do not trade according to what you read here because we are all telling what we "think" will happen and none of us know what will really happen. I see $11k coming soon honestly and I am thinking before the halving happens the price will reach to $11k levels for sure. It has to or otherwise it will be very hard for the miners.

If you look at the schedule for 2018, there are many segments where your theory is refuted. Many periods of "consolidation" and even a strong recovery after which the fall continued with renewed vigor. If we are in a bearish trend now (more likely, yes), then events can repeat this algorithm.

Bitcoin can take one more hit and could go down but that's it, we have started the year with around $7k in prices and that is bare bottom the market can afford to go down but if it goes down any further than that it would be really risk and we could actually go down a lot more, just going to $6k could mean we could also go to $4k and that is not something we can really afford with miners who will want to make more money but they can't so they will probably close their machines to not make any loss and when they close their machines the transactions will be both more slower and also more expensive as well.

Hopefully, it won't go down too much in order to save the whole infrastructure we have built so far.

Infrastructure is still intact, even If we go down as low as $7k again. There is still the halving, an event that everyone is anticipating and could be the catalyst and miners could readjust again to make money, although the difficulty will increase. And I don't think that miners are going to mine what? BCH or BSV?

I agree with that. In this situation, short term trading will not work much, but as you said, we still have mid and long term trades, but we can also hope that everything will be changed in the short term, and hopefully, the situations will change in the next week.

I am trying to trade with little money, just in case if I can make a nice profit, and I see that my chance is not much because bitcoin price is not increasing too high. As soon as I can see the rise in price than the price I bought, I will sell it to take the profit, and I don't want to hold and expect the next higher price because of it still difficult to see that is happening soon.

I am not selling my bitcoins and waiting for a reversal from the support. The while financial market is down and this include bitcoins too. I was hearing before that when the economy will crash, the stocks will be down and people will invest in bitcoin and it will grow exponentially. But this does not seems happening now as both the stocks and bitcoins are going down.

Let's just hope for the best for everybody we all know that it is not China that is affected here if not all but almost all countries have been affected with this outbreak and it weakens the economy since a lot of flights were banned or cancelled. Tourism is one big chunk of an economies growth and without it the economy will surely suffer and when the economy is failing it will affect all that it linked or related to it. Anyways, lets just hope they will recover soon and hopefully the price will then go up.

1.) It is unclear why you think so. Price is determined only by supply and demand. The fact that at the beginning of the year there was a certain price does not mean that this is a new bottom or something like that.

2.) As for the infrastructure: in fact, it would be very good if the price or the network complexity forced the miners to disable the old ASICs. This will reduce the pressure of miners on the price of bitcoin and will not affect the speed of transactions and commissions.

The idea was that people will consider bitcoin as a safe haven and if the economy crashes which means the stock market crashes then everyone will be running towards the bitcoin market along with the gold market and invest in bitcoin considering it as a safe heaven and since we had not seen those situation before even i thought may be that is possible if majority of the investors consider that as the case but with the recent economic reversal everything came down crashing and the market depends upon how long it will take to control the situation, if the situation worsens then it is possible that the market would slide down further.

Selling Bitcoin now isn't the right decision, the price movement of it repeat itself thus it is very obvious that the price is undergoing correction with the possibility of pumping in the next few days presently the price is at $9K+ with $10K as the next target bearing in mind that halving is upcoming and good indication of more bullish movement of the price.

That would  be the sickest  decision to be made if they are trying to get a profit for this early  stage, But in other case its a good decision if  they want to sell it for short and buy again since by these strategy they can accumulate more profit but  in smarter way. And hopefully we can broke that $10k$ again since if  that target will get hit most provably many people will hold for a while to see the result.

Declining is over for because now we are getting stable at $9k level
but there might be some correction again in the next weeks or months as we’re getting closer to the biggest event in crypto history and this is the Miners Halving.
and also there is no reason  why decline needs to happen when even the Corona Virus did not make the market fall that hard?i think it is much better to make a thread regarding the new growth of Bitcoin soon.

But if we really need that money, then nothing we can do except sell it right now. I think bitcoin price movement now makes some people confuse to decide because the price is not going up or down and it seems, and we are seeing a sideways moment again this time. This time still is a good time to buy more bitcoin because the price now is down again, but hopefully, the price will not go down tomorrow.

Looking at bitcoin this was once again wrong. I am not one for bragging but I honestly said it won't or at least it doesn't have to. What people do not realize is, you can't predict bitcoins price in the future, if anyone could have done it perfectly, they would have been billionaires right now.

Not even joking, if you can guess bitcoin price correctly just 20 times back to back whenever it makes a big move, you could start with 100 dollars and become a billionaire by the time it ends if you could pick the tops and bottoms correctly. It moves so high and so quickly that there is literally no way you can't make money. We have seen here how close to impossible it is to predict what bitcoin could do, it could go up or down without any reason at all and we can't predict it.

There has to be margins of error, every bet has a premium to pay for it even when someone is excellent at calling out the general move. 
   Right this moment I dont see BTC has a negative trend to it until it proves that.   We fell back today but overall its still in a positive phase.   If I drew just a straight line across at the current pricing, I would look to whether it can hold this for the weekend and move positively entering next week.

https://i.imgur.com/fNJaPvu.png

In the last 24 hours, we see some huge dump on the market, - 10% someone from behind is just cashing it out. I have heard that the PlusToken scam address is moving again, selling and shorting. This is just one factor though, we all know that crypto has many parameters right now, like the corona virus scare, but this could be one potential reason one the market in matter of hours goes down unexpectedly.

I have no idea what's the reason for this but I saw some other traditional market is on the same downline. It's likely that we'll see the $7k prices again.

Brace yourselves and stop looking at the charts for a week or two.

The situation with the temporary stabilization of the price of bitcoin at the level of $ 9,000 did not justify itself. Today, a fairly significant drop in cryptocurrency prices has occurred. Bitcoin fell to 7,882 dollars, and ethereum to 201 dollars. Such low prices have not been around for a long time. Is this really the result of the spread of the coronavirus epidemic? There are new predictions about tens of millions of deaths from this virus. Maybe this is the reason for such a sharp drop in the price of cryptocurrency?

we really are in the $ 7k zone, is this decline really reasonable before halving, or because of anything else? however, I had expected a decline in the price of bitcoin, but I didn't think that the price of bitcoin would really go down so far. I just hope that before halving, bitcoin prices will recover. at the beginning of this year, I knew I had a good feeling about the price of bitcoin going up to even $ 10k before halving, but at this time, I was quite worried because as it got closer to halving, the price of bitcoin decreased.

People put too much hope in halving, it's a huge event, no doubt about that, but in the past that event didn't have effects on the price right after the halving, some time will pass after that and only than we will see some significant price rise. Everything before that are just normal every day fluctuations.
Many people predicted this drop under 8k. I sold my trading stash a few days ago, and now I am waiting for good moment to get back in. Question is where will be the bottom, will we see the price under 7k? my first buy order is at 7500!

The question. Why cash out all of a sudden?
Is he infected by the virus or is he hoarding emergency goods and will live in his bunker for years?
I mean, the epidemic might be worldwide by now but it ain't really that wide.
Just small amounts of people which almost all are travelers and then passing it.
But because they are warned it was stopped already in airports.

I just stay at home so I am not really intrigued with it.
But chaining it with bitcoin seems to be odd. So, what is the virus last December 2017? 20k to 3k.

It wasn't the right decision at 10k, why should it be now? It's always got to be in the context of the person, though. You're a short term speculator then you shouldn't be an today's price without a stop loss killing you en route from 8700 on the weekend. You're a mid-term speculator then that stop was at 8k. You're a long termer and you're basically seeing more buy ins triggering right now.

Or you're not a speculator at all, halving is only one more milestone along the big picture game, so this is just another opportunity to reup that we should't have had!

I guess this was the one that was expected? If that was the one that is expected I am not too worried. Price of bitcoin has always been volatile and it has always moved up and down before and it will keep doing that now as well. We have started the year around 7k and we are still in profit but we have seen above 10k as well.

There is really nothing worrisome about bitcoin moving like that. The real trouble here is the fact that people still get excited about the falls and ups of bitcoin anytime it does that when in fact we should be focusing on longer term issues we may have. Such as price not really reacting to halving while it is getting closer, we should have seen some sort of increase right now that shows how bitcoin is getting prepared or anything from miners but we have seen none of that just yet.

Actually, I am holding my BTC due to the market is still going down and to be honest we can't expect what is going to happen in the near future, Bitcoin's price is always unpredictable. In addition to that, we just need to be patient because it is sure that this crisis is temporary. being pessimistic always will never change anything in a positive way. Let's all hold and watch the market. Trust me you will certainly regret if you sell your Bitcoin.

The market is really having a downtrend motion by now and not only crypto but of the global business institutions. We've been facing a big challenge again as we are hit by COVID-19 but then, it was not the reason why we should have to be worried and do panic selling. Because I believe that this never lasts for a very long time and possible we make recovery before we end up this year.

Anyway, I'm not in the hold of other's decision but I'll just want to encourage everyone to keep calm and think wisely...it is your call to sell it or not depending on if you're really in need, then you have to sell it.

Bitcoin is getting on 9$k and I think this price now is stable so its been nice to buy bitcoin while the price is low. I think its good to buy some bitcoin and wait for another huge of bitcoin until reach the good price. I think corona virus is not so much affect the crypto.

@Lecam where did you see that bitcoin prices were trading at $9k levels? because bitcoin prices are fluctuating between $7800 -7900 levels on preev and it’ll take at least few days to recover back to $9k levels. Also you’re wrong as Coronavirus had a direct and indirect impact on bitcoin prices, and if this virus is not controlled soon then we will witness further decline in bitcoin prices.

Sources:

https://news.bitcoin.com/crypto-community-gets-prepping/

https://www.coindesk.com/coronavirus-impacts-on-bitcoin-and-the-irss-dumb-singularity

I would like to disagree with this one, maybe it will temporarily result to a decrease of price because that's the result of panic, but eventually people will realize that their money is safe with crypto as it's not tied with a certain country's economy, we are decentralized and online so too far from being affected by the virus unlike the paper money.

I have a feeling that this dump would stop and the market will stabilize to be back in bullish trend again.

Yes, market is in a downtrend mode although I don't think that is connected with corona virus. With time if the situation escalates even more in the world that might become a case but for now virus doesn't affect Bitcoin price. Besides, that downtrend started even before.
No matter to that there is no reason for panic selling and as usual price will recover, this is another correction that come from time to time.
Also, although further corrections are possible I don't think the price will go below 7000$.

Everyone needs to chill out.

It is something we need to take a deep breath before the market faces a huge wave of panic selling. Then, investors have to prepare for this and take advantage.

As expected to happen and many will be in troubled hearing that crypto market will dump again as Bitcoin show some off's. People have been thinking about a bullish market this year since halving will launch but the unexpected scenario happens which everyone not thinking about it. I know this was a big surprise for everyone and this makes hard when you are buying at $9k and then it drops below it, it for sure they are worried at this time.

Man, if this is pure manipulation then it has something to do with the corona virus. Why? Because big players are riding the pandemic. As you can see, the global stock exchange is down at this very moment. In my country, the trading has been halted for 15 mins. today after the stock market index crashed for more than 10%.
By the time im typing this, Bitcoin just fell hard losing its value by almost 6% from it's last stable range position.
Now, If you think the covid-19 has zero involvement in this current price trend, then think about the teachings from the grade school "health is wealth" , If health will put us in jeopardy then wealth will follow suit.

That two can't happen at the same time, when there are people who are in panic, some people are buying the dip.

It has to be many people who are in panic to cause a significant dump or price and that's where the whales will enter, they'll try to accumulate bitcoin at a very discounted price, at least that's in their mind while to people who dump, they are thinking bitcoin will not recover and it will die soon.

Nevertheless, what is possibly happening on the cryptocurrency market may be the result of certain manipulations by speculators, or maybe everything happens as a result of the general decline in the markets of the world economy.  It is worth paying attention to the fact that all large business fails.  But for some reason I don’t understand why the dollar is growing in price in my country, although we still have no problems with coronavirus, Nevertheless, the cryptocurrency that is legalized in the country still continues to believe, while in my opinion non-cash payment systems  should be valued much higher.

we have problems on corona virus and that is the reason why dollar is rising because people sells crypto an other assets , you see cryptos are down and as well ass stock , gold , and many other investment assets  . people could be hoarding cash too just in case they work were suspended yet so that they have the cash to buy something when in need   .

 decline of the price in btc is expected as what many experts say   . this is good for investors because their time frame for buying is still extened  .

I think that the fall was logical and expected. But now I'm interested in something else - against the background of other assets, bitcoin is slowly growing. I do not see any factors that would contribute to this growth. It seems that the cryptocurrency market is empty and the whales are painting a "picture" to lure investors.

I think you are spot on, I am of the same opinion. We can expect another dip towards the end of this week.

Maybe this will happen later. If regulators can organize positive on the stock markets now, then the growth of bitcoin may continue, however, I consider it unnatural. Impunity for manipulators in this market harms the entire community.

This article and website dont sound legit. The dip was at 4,18k and is now going up.
You should buy now when its cheap, and hold until you "feel" it reached its peak.  (my opinion)

It can happen anytime from now as this little bounce that drove Bitcoin 400$ will not last longer as there is no fuel to keep this going on ...this is caused by the massive buys of whales and as soon as they buy the necessary coins they will move the price down to make another round of accumulation creating another wave of panic sell among traders and holders. Stay calm guys, keep your cash near you when Bitcoin will go lower and make your buys.

Today I found out that on march 17-18, 359 million USDT were put into circulation. This is a gigantic amount for the cryptocurrency market and it is very likely that this fuel may be enough to maintain high prices for a while. In any case, I consider this a manipulation.

Well, it's easy enough to say hold, but when the price goes down, it's very difficult to maintain. honestly, I already sell the bitcoin that I have. it's just that seeing the price of bitcoin begins to recover, I am increasingly convinced that in the near future, prices may recover, so I am back withholding crypto. however, at this time such prices will fly high. keep hold.

Today, indeed, the situation with the epidemic has not changed for the better. Even in my homeland, although a certain tendency to curb the spread of the virus continues, but this is due to self-isolation and quarantine.  But as for what is happening in the markets, including the cryptocurrency market, my assumptions remain the same regarding the abuse of big whales by their capabilities.  There is no doubt that Bitcoin does not strengthen the price due to certain manipulations by speculators.  These scammers try to make money on someone else’s grief, because someone is forced to sell cryptocurrency in order to save their lives, and these scammers lower the price of the market in order to buy bitcoin at a low price.  The difficult situation in the world is used for enrichment, because the same situation is in my country with all the necessary necessities, when during the day the prices doubled or tripled for no reason.  I am sure that the situation on the cryptocurrency market is created artificially, since people avoid personal contact, digital currencies should become the most popular, and this says that cryptocurrency prices should rise, not fall.

Manipulation is always here, the market is still okay now because of the whales, when they want to keep this market stable, they can do that just like they can make it dump or pump. Well, hopefully this manipulation would lead to new investors being attracted to the market so we will see some pump soon.

While the stocks are down, crypto would certainly be hot in the eyes of the investors if the market is bullish.