Bitcoin Forum

Buying opportunity approaching!  I just need to learn when to sell at the right time.

Why are cryptos falling, their prices should be rising like gold at times like this.

I opened up coinmarketcap this morning, saw all the red, and said "holy fucking shit".

Weird times, but whatever, as long as I make a big profit!

Well, time is always weird with Bitcoin's price. That's the normal of Bitcoin. It rises just when you think it will fall and it will fall just when you think it is being carried by the bulls. I cannot explain why the price of Bitcoin is falling right now. I was feeling bullish about Bitcoin several days ago when it crossed $10,000, but it seems my gut feeling is never accurate. I thought we will hit $12,000. Well, I guess both the traditional market and crypto market are now affected by the fear of COVID-19 pandemic.

Buy when there is blood in the streets - Baron Rothschild

So yeah, this is another golden opportunity from everyone to stack their crypto wallet and fatten it.
As the market is crumbling down and many are in fear and push the sell button, there might be wise and intelligent investors roaming around, picking up cheap bitcoin and other good altcoins.

Although we didn't want the market to fall-down, let's look at the bright side, just saying.

Litecoin is down to $33.73 right now, I just need to watch the price of BTC and "time the bottom" and purchase more Litecoins at rock bottom prices for MAXIMUM PROFITS!!!

I would've, could've, and should've sold the LTC I bought at $61 for $81 a couple weeks ago, but again  I muffed it up and didn't, so now I have to HODL until the next price bump.

For once I didn't screw around, I hopped onto one of my trading accounts and bought 10 more LTC just now.  With the coin price plus site fees it cost $370.00.  So essentially $37 per coin.  Not bad.  Now to let it ride to more profits, I need to figure out what my new dollar cost average is, I think I'm HODLing about 62 LTC right now.  Something like that.

How to to know this situation it's already affected by the corona virus this is really a bad news because not only the people are affected but even the cryptocurrencies and it keeps going until now hope that the government will take an action for this so it will not spread anymore keep safe everyone be aware.

That’s kinda sick, I almost jump off from my gaming chair, and look for anything to pawn to fund next buying binge.

Yes, we are facing price dump but my advice is not to panic and not to sell. It's good opportunity to buy more bi, that is the way I see it.
For now we don't have confirmation that latest price dump is tight connected with corona virus or it would have happened anyway but watch the market closely and be prepared to act accordingly.

The Coronavirus is having a damaging economic impact. And it concerns the crypto space too. Even when a situation on the crypto market is OK no one can predict an appropriate moment for buying/selling crypto. Who can do it now?

Cheap or low prices is a big opportunity for people who wants to buy their favorite cryptocurrencies like bitcoin. All you need to do is to buy low and sell high for you to gain more profit when you are about to invest or to trade. But always be careful because even you buy a coin in a low price it doesn't mean you could make a big profit because it depends to you on how would you gain your profit.

Why? Let me tell you why! Because bitcoin is either an investment or money!
What people do when there is an economic slowdown or even a crisis! They cut spending, they cut investments!

Wow, bitcoin is perfect for sending money overseas, but what if nobody wants to send money, people are returning to their countries because there is no more work aboard, people travel less so no need for a currency that is accepted everywhere? Bitcoin is perfect for buying stuff where PayPal and visa don't work...what if there is no more stuff to buy as people cut spending?

An economic slowdown means everything slows down, purchases and investments, there is less money for both of them and people are more cautious.

This is reality! Live with it!
Once all this shit finally ends and money comes back flowing into the economy the price will recover also.

Its corona time, take a break guys and let the market to recover from the sudden crisis.But no one actually knows when the market is going to recover in the traditional investment space like stocks but it is going to be different in crypto space for sure in my opinion.

Price hanging at $6000 for few hours now,any TA expert here to explain what is going to happen.

Such prediction can only come when bitcoin is on the bull but not now as market is severely on red. In other words, bitcoin is the determining crypto coin to altcoins.




For traders, the fall of traditional market manifest as profit or loss in their account if you are talking of forex trade because money is made or lost in both buy and sell positions.

I bought some at 6000. It's already lower than that but 6000 to me is a great well known and historically strong level. Maybe we'll go to 5500 who knows? If we look at it from a long term investment perspective wherever you buy, 5000, 6000, 7000, you're going to profit. The question is when because the higher you buy the longer you'll wait.

I wasn't expecting such a fast decline. The price action was a panic move after USA closing borders. People see that this is serious and want some cash in their pockets just in case. If nothing bad happens in the next 2 months.

Unfortunately cryptocurrencies are are also affected by a huge sell off of the market in accordance with the current senario which is hinting towards a big economic depression .
If something is affecting the people it's going to affect the cryptocurrencies , more or so it is by the people at the end of the day this even more volatile to be influenced. . . .

Therefore no doubt the prices will go down , who knows how much ..

HOLD for a while because there is no good reason to sell off soon .

People would be panic selling, I would panic buying at these times. Never seen bitcoin's price this low since last year. Well, time to reinvest boys, this chance doesn't come that often.

It may go further 30% down.

I may as well buy now a lot of crypto and forget about it for 6months - 1year, become totally inactive
Good luck to all of us.

I just checked, and BTC is at $4474 on coinmarketcap, and LTC is $27.50.

Holy camel shit!

I'm buying more LTC.  EOS is down to $1.80 right now, and Ethereum is at $99.

LTC dropped another dollar in the time it took me to write this post!  $26.50 now!  BUY BUY BUY!!!!!!!

Guys, a 27% increase over the last 30 mins! This clearly is a bull market now!!!

Damn, I just logged into one of my trading accounts, and saw LTC hipping and bipping and dipping, touching $25.00!  And while I was screwing around with the calculator and checking my credit card balance, it bounced back up over $33!  Ethereum went from $96 to $121!  Still not bad prices, but not buying-at-the-bottom either.  Didn't get more coins yet.

I'm hoping everyone who just bought low, just turned around and sold on the flash high, and will drive prices even lower so I can get more for my money.

Risky move but if you get it right you'll easily grows your assets. Tough to say when will be the best timing as market keeps falling and one bounce
forward followed by a big splash of downfall.
Do your good assessment and judge the market condition according to how you understand the situation.

Yeah, but when I woke up this morning I saw that everything is seriously falling hard, both the traditional market and the crypto market. This is not anymore the usual. This is something that is suggestive of a terrible market slump. This is crisis already. I don't know if those huge sell off orders were made as a profitable strategy or just plain selling for the sake of having money to spend on more basic goods and services.

Indeed :). Instead of hoarding alcohols and toilet papers why don't we start hoarding coins right now. It doesn't create panic and fear plus you could generate earnings in the future. Better move, isn't it?
Honestly, I haven't visit the price chart recently but when I check it right this very moment, bitcoin already drop by 34%. OMG :o! The price go back again to $5000 *sigh. Anyway, if you already get used to this kind of scenarios you won't panic at all. Chill guys, let's take advantage of it.

IMO people were spooked because everything's crashing and burning, which created a self-fulfilling prophecy in the crypto market; the overall global situation isn't really dire enough that you'd have to hole up in your home with just cold hard cash and necessities.

What's interesting is that you'd think that the opposite would happen, due to people hyping up Bitcoin's reputation as a hedge against the traditional financial system, but so much for that I suppose.


Crazy how this aged and it hasn't even been 24 hours yet. Hodl strong everyone.

i thought gold is up only due to having $$$ being pumped into by the fed reserve.

btc is down as people are selling and reacting to the surroundings (ie. corona and lockdown, travel bans, isolation, etc...)

PS> let the price drop, i wanted a low entry level for a while :D

One of the wosrt day in my life

Dude, no need to shill like this.
I thought the price wouldn't go down below 5,500 but several hours ago it touched 4,100 level. Careful with the market, I was thinking about buying when that shit happened.

No one can time the market except Buffett.

Well the coins price down is a normal thing, especially with the current situation, on which COVID-19 is still spreading all over the world, the price of the bitcoin is really shocking, because before I though that 6,000 Dollars is the lowest price that this bitcoin can have as of this year 2020, but because of the virus I already expected this thing.

Actually this is the great time for us to buy coins, trade and to invest, let us grab the opportunity because for sure when the bitcoin is still down because for sure it will rise again as soon as possible. Do not worry about the drops of the bitcoin because it is really normal thing for cryptocurrency to change its price day by day or even seconds by seconds. Realizing how much you may earn if you invest now, the price of the bitcoin is around 5000 dollars so if you invest 1000 USD and if it the price of the bitcoin turns again into 10000 dollars, then you may earn 2000 USD.

Not many people were able to profit from such a market. Most continue to sit in hold and watch how bitcoin will behave in the future. It is not the best time to sell bitcoin and wait for the best price. But those who have free money can think of new purchases.

Given the state of this economy in the world as a whole, I would be surprised if we ever see Bitcoin ATH price points any time soon or if ever again. It has been more than 2 years since its iconic rise and we haven't been close to those numbers since. Given the fact of its lack luster technology in this point in time and its limited use in the mass adoption state, I can only see it being a gold like basis of wealth storage but even then I have some doubts. Its a crazy, volatile market so who knows there always might be a chance.

I believe your argument is invalid.  Refer to the BTC price history between early 2014 and early 2017,  after the $1200 price highs in late 2013-early 2014, BTC slowly dribbled down to the low $200 range and just kind of farted around until it began a very slow rise in 2016, then really took off in 2017.

But then again, all the foolish fools who mortgaged their houses for BTC in late 2017 might not be so easily fooled again, and we might not see the price surge in the same way when it eventually does.  
It'll blast off again, just got to HODL until then.  But when conditions looks good for a huge BTC surge, we've got to conspire and collude (yes, illegally if need be) with the BTC whales to make a huge pump-n-dump.  But do it in such a way that I personally make big profits!!! ;D

Good luck my friend, just remember to buy low and sell high.

Also for a near future basis of analysis we should probably look into what will happen after the "halving" of the block rewards. I think it will be somewhat of a interesting time given the fact the rewards will be halved and seemingly some not so "dedicated" miners will throw in the towel and stop mining altogether since profitably will most likely come into question. What does everyone think of what the market might look like after the halving? Any thoughts or comments are more than welcome.

What if miners can purposely lower their mining power until the halvening comes (decreasing the difficulty in a a slow and stable way) so when BTC halves, they do not need to literally cut 50% of the power or their income, making the network 50% lower for a couple of days? That if BTC doesn't recover enough to be ok until them. Does that sound feasible?

The markets were crazy yesterday with the fall that is registered due to the global market turmoil happening due to corona virus. But market got better off when btc after falling to 3800$ range and then started to lift up and now trading at 5500$ price. Also a good price to accumulate on dips which will help you to make money with the rise and it is going to be the same pace rise as it has fallen.

I think many investors are panic selling their coins that's why the market is in bloody situation, this is due to covid-19. Some places are lockdown or under quarantine the reason why people need to buy goods so they need cash to be able to do it.

Bloody market might not a good scene for some of us with huge investment in crypto but for people who are waiting for price dip this is a good opporunity to buy. If you're a week investor its better not to monitor the market often to avoid a decision you might regret if the market recover again in the future.

This is not crazy, but it has been very crazy !, Decline earlier this month from $ 9,000 to $ 3800 in just a few days, it is natural that all coins experience the effects of this crazy decline, reportedly because the corona virus has become a pandemic, and the bottom for bitcoin doesn't seem over, there is still the possibility to retest to $ 3800 again.

These things are very positive with a good mindset and rational thinking. Imagine the prices are always high, who would be the one to speculate and inject in the market? Obviously none coz all of us will just wait. Actually it is good to see the price of dominant coin in the market gets low after the world crisis started to happen in the late 2019, it is actually a frontispiecing sign that we can grab.

You also need to learn when to buy at the right time. Knowing just when to sell will not help you much if you buy at more expensive then you sell.  This will also be result in most cases. This drop was sort of expected but in general Bitcoin price is manipulated by Bitcoin whales and you cant predict anything.

Whenever you see such a huge drop in the market you can be sure that a lot of people were using a huge amount of leverage and they were surprised by the sudden movement of the market and were unable to get out of it before losing most or all of their capital, if you are truly looking for a bottom I think it is too soon, this crisis is probably going to continue for some time so if you are patient I think you could get bitcoin for a way cheaper price than what you can get it right now.

Leveraged positions got rekt! Maybe they'll start playing with their own money instead of borrowing what they cannot afford, greedy bastards!


What would be the bottom then? We aren't going below the 2019 bottom that's for sure! BTC is already oversold by a lot and most hodlers didn't sell.
Also, mining profitability is at 5-6 thousand.

We already hit below $4k, so I don't know if there is still bottom for it. Yes, hard to hit again the 2019 bottom, I guess we are already over in that stage. The whales are now in action, trying to extract all the money that they can get. But for small timers, this is the time where you can use your trading strategies to get profit also. It is not only the whales who are in play here, even small traders can have their chance if they know what they are doing.

Many people are surprised to see bitcoin price movements in recent days, because prices have experienced a very drastic decline.
Even some people panic, then sell their bitcoin. If bitcoin has decreased in price, it must be followed by altcoins who also came down.
For me it does not matter what the reason that makes the price of all coins has decreased. What's important now this is a great
opportunity to buy coins at very cheap prices in my opinion.

I think it's more people were losing money in the stock market and got nervous so the average large trader tried to sell off their bitcoin and wanted fiat instead.

Well in my opinion it gives the dollar or any other "traditional" currency more buying power, given the fact that the global stock markets have plummeted along with the majority of crypto currencies.

Today we experience the dropping of market price of the bitcoin the same with the altcoins does event does not happen immediately in just a single day the market price from 7k dollars it fall rapidly into 3.8k dollars within 30 minutes and many people getting alarmed to and they sell their coins that may cause of lowering the market price of the coin also one of the cost of the lowering of coins price is the pandemic virus spreading over the world there are some people making investment to the cure of the virus so they need to manage and pull out their funds also there are a lot of people making withdraw because they need to use their money to buy a lot of things and foods because of the shortage happening.

besides they are worried about the price of cryptocurrency, there are also many people who need funds to buy basic necessities, where prices soar. the number of people who reduce activities certainly makes the necessities of life increasingly scarce and higher prices. but I don't think this will last long as this virus can be overcome

90% of all crypto coins have been drastically dropped to below 40%.  Bitcoin, Litecoin, Bitcoin Cash, Chainlink, Dash and Neo are the best to buy when the market is red like now. good luck for all of us-

Study deeper before engaging in to whatever coin you are planning to invest your money. There's no certain stopping point for this downfall, you can lose even you think it's already reached the lower position. It's still possible to go down much further.
Invest Money that you can afford to lose in case you need to let go or you need to wait for more time of holding.

Buying opportunity ? Hmm if you have a lot of cash and the money flow won't affect your incomes , then yes , it's a great time for investments in every domain but don't go all in , buy in small proportions. Don't forget that if you're source of income is not affected by this crisis we're facing now, you're okay but if you're not in this situation , don't trow your cash, not now at least.

This is a golden oppurtunity for cryptopreneurs to buy cheaper coins and hope that it will increase when all this ordeal ends. This might not be the time for a big surge in prices but let us look in the bright side of things. Buy low sell high

whatever could have happened, I think this is the right time for anyone with fiat to buy crypto and be certain to make some cool money after the coin recover. The price of bitcoin is around 5.2k and it as being in that for a while now meaning the current price is at its deep. Hopefully, coronavirus cure is discover soon and we will not have many waves of panic sellers again. Although there has been debate that the whales also have hand in the current price slip

For some reason I doubt that COVid-19 is the main reason that people are panicking. I mean yeah some people could be panicking but it is hard to really think that it is the main reason that this dump happened. It could just be a storm before the sun, the halving is going to happen in like 2 months so some whales might take opportunity by dumping right now

Don't be panic at present situation where world economy has broken down and crypto market as well as. Be patience that market will recover soon when COVID-19 will recover. Market may down more and more and it was expected at present situation.

So be patience.

I was expecting stock markets to crash because those are business' and any business who doesn't get affected by the corona virus at least gets affected by the economical troubles it has caused and the others are directly related to it. However, I wasn't expecting bitcoin to drop, you can't really tell me there is a connection, not like we exchange bitcoins at hand, we do not really spend it everywhere neither, it is not a business, basically nothing that affects bitcoin at all.

On top of that it doesn't really affect altcoins even further, you can say bitcoin was affected because there is a general impact on economy and bitcoin became part of it but altcoins are still quite small, how could they ever change anything by going down or up, they are still irrelevant if you ask me but they were impacted as well for some reason.

today also the market has decreased by 10-20%, and is likely to continue, because the support of bitcoin prices is still at the level of $ 3500, and hopefully that support can be strong and continue the bullish trend after halving

Sad to see coins dumping all of a sudden, might be because of the virus spreading across borders. But hey, for me, as far as the dumping goes, there would be more people that might invest in it and after the virus have been cured, new wave of demand would make it possible for the price of Bitcoin or other Crypto currency to shoot up.

Selling Bitcoin for now, would be a huge loss especially when the times comes closer for the halving.

It's because people don't use them as currency and fiat isn't in trouble, and people have been selling everything for the past week or so because of the outbreak.

But I totally agree, it's a great buying opportunity--but only if you think we're at least near the bottom.  It certainly isn't clear to me whether that's the case or not and I would probably guess that bitcoin could fall even further, even though it's lost almost 50% this year already.  Everything depends on when this virus and panic burn themselves out, and the longer they both go on, the worse it's going to be for all asset classes.

It could be going down even further or it could be the bottom already and we are now going to go higher. There is no certainty in it because as of now some people are not certain for the fact that the current dump could be caused by the outbreak of COVid-19. Some chinese guy that got infected could be selling it all lol , jokes aside

There is a very low probability of going that much lower than what we have reached already, the biggest difference is how long that bottom could last, the price only touched that bottom and immediately bounced out of it but if the situation gets worse around the world then we could expect to hit that bottom again and remain there for weeks, I know the price of mining a coin is more expensive than that bottom but that has no relationship with the price as the demand is what drives the price up or down.

Just avoid greed when intending to take profit because your temperament may be telling you that you are about to hit a new milestone which is not bad, it's always very painful while trading that you refuse to sell after achieving 20% profit and then the price dumps badly again. The bank can't give you 20% in a month so getting that in 2-3 days in Crypto is a good deal.

I was surprised by the market conditions at that moment slumped very sharply. I checked the money in the reduced exchange very much. Yes, I also panicked and I sold Waves coins. After reading a lot of news that emerged, crypto coin prices turned out because of the situation spreading the virus pandemic.

The step I took next after knowing the cause of crypto prices dropped. I started doing strategies to re-buy. I am currently getting a little profit because the price of Waves is back up following Bitcoin growth.

The bank that gives you the biggest profit in my country only offers 9% per year which is not even 1% per month, people in their greed and their desire to get profits now forget that if you are able to get something between 15% and 25% per year then you could become a millionaire in a decade with a decent starting capital and yet they keep looking for icos and altcoins with no future when bitcoin alone could give you those profits in a month, so it is important to not be greedy and avoid being caught in those downward movements.