Abyss of death? Phew! I really do not see any catastrophic situation happening with bitcoin even if it goes lower and all these words to me just seems to generate FUD, if that is your intention, then you have absolutely failed. If I could have been able to hold at this point, I really do not see anything that would make me sell even if it gets lower, so you can shove your abyss wherever you want to.

I wonder those listening to all these FUDs this time around. The bears may be trying their best, but at some point, they will end up getting tired. So, whichever way, I guess we just have to see. Even if this point does not hold, who cares? If it does, well, let's see if we are going to be able to break past the first resistance. Whichever way, no reason to panic.

Let's even forget all the transaction stuff right now, this was bound to happen and it is good that is happening so we can have a clear road and cloud to move ahead. Unfortunately, the $10k support was not able to hold as the OP predicted and we have tested the precious low and a nice double bottom will be good right now, otherwise, we may just have to wait to see how the 200 MA will hold probably around $8000.

Oh please! I guess time will tell and then I will be back revisiting this thread to tell you who wrong you are. This is market, and manipulations are bound to happen. Listen to the OP, and then you will be so in for it, listen to your guts and you will be fine. Even if you enter ETH now, best be careful as I do not see that value sustaining in the long run. Whales are just out for profit after cashing out on bitcoin.

I guess we have to wait, see and watch how it is going to be flipping back pretty soon. Don't get over excited yet, this is a manipulation and do not come crying wolf if we end up falling for it. We can go all in on Ethereum anyway if that is what you feel. I won't be happier having one FUD generator out of the bitcoin market, which is if we ever will anyway. The funniest thing is that someone keeps opening an account every single time to spread FUD.

We had a whole lot of FOMOs in 2017, we can still have it this year as we still have a lot of people who are bullish on bitcoin but all these things take time and we cannot expect the market to just keep going up or keep going down without some change of hands at some point (bulls to bears and vice versa).

Although, the buy momentum is still very low, but the thing is that no one can predict anything at this stage. We only hope the best support will hold it from going down further and if it does, we just get more for the long run because it will recover, get new ATHs and get to see more FOMOs.

He can really decide to lose hope and sell all his holdings for altcoins. In fact, he can even decide to add some shitcoins to it, who knows? They might have a future. It is really pathetic when people just come up with statements like that, sure it may be their opinion, but on what basis does bitcoin not have a future ? The fact that LN may not help us scale, which from the look of it, it still’s a good solution right now, or the fact that the price will keep going all the way down? Like you said, no one knows and as long as he feels bitcoin does not have a future, I can bet he will say the same thing when he starts losing on the altcoins as well.

Right, sell pressure is high, buy pressure is low, and so what we are obviously going to keep seeing now is a downtrend unless we end up seeing the other side of things happening. I would rather stick to a 2 - 4 hours chart right now for change of trend than 30 minutes chart that the OP stated. I guess we just have to see how long this downtrend is going to be before we see a switch. The market is killing me right now.

Your analysis is good but not one that I can follow right now. Sure, it seems the way things are, the 200 MA is our next line before we hope for a reversal, if it does not come before then and as I am seeing the pressure to sell now, we may actually get to that stage, anything that would make us go lower, then that is going to be pretty bad and I really hope we do not get up to that. I guess we just have to see how long we keep seeing this trend, and 30 minutes chart for bitcoin now, is not going to help.

Except for traders doing swing trading and probably some nonentities who after holding till this point, ended up selling, I really do not see much people selling that much again. The bear momentum is getting weak gradually in my opinion and sure, the chances of seeing the test on the 200 MA line may be there, but we may possibly get a reverse before then or basically at that point, so, I do not see use getting any close to $4k as that won't be a good signal at all. Based on history though, we have always seen reversal on 100 MA, unfortunately, not this time.

Yes, who does not like seeing the price skyrocketing every now and then, but it is a market, whatever goes up must surely come down, which is why we have a trend for correction and normally, it is good for health. One good thing I am seeing here anyway is the fact that bitcoin has really changed from what we used to know back then to something even easy to trade.

Some of the previous years, I saw them as pumps, 2017 was more like a FOMO rush, unless the news about the USDT is true though. If the recovery has been awesome, then I believe we need to be having some good crashes like this (just on assumption it is a crash like the OP said).

In this world, everything finds its value based on the demand. There could be different demands like naturally increasing or artificially increasing demand. Bitcoin was designed to have limited number of units and its supply also in controlled manner. So, based on the availability of bitcoins and the need of people who are all looking for buying bitcoins for various purposes, people are deciding the price for one bitcoin.

This is a traditional fair system to find out value of one commodity. So, we never need to worry about bitcoin value as overpriced. Because demand alone doing this, based on considering all the circumstance.

Analyzing charts and applying different technical strategies are the best way, every trader must need to follow in order to ensure consistent profits. There could be unlimited methods of trading. But, a trader needs to choose what method is suitable for him. Because, there will be no point of getting struggling with in some strategy which is not to helping for making profits.

Compared to any other trading, bitcoin trading is much easier as it is always in bullish in long-term perspective. So, we can easily predict market directions to make profits. Simply buying bitcoins and holding them for some years can ensure any trader to make profits.

Sideways markets are always good for another rapid rally. Because sustaining prices will always get into another rally. Usually prices are stable before making another big wave. If bitcoin prices will be steady for months then I guess it will attract more investors. But theoretically there will be less possibility for bitcoin prices to get struck within a range for months.

Yes, this could be a reason how stable prices will be attracting more investors rather than the a fluctuating one. When people finding bitcoin is more stable and by analyzing the potential of bitcoin they will get into boat as early as possible.

Why not we go for predicting on what bitcoin prices will be having by end of this year. Because, speculations are based on what are the development happening around bitcoin ecosystem hence I'm not seeing any big trouble on speculating this year end bitcoin prices. I am expecting more $40k levels by end of this year as lots of new investors are rushing in to bitcoin ecosystem which will be helping bitcoin prices to reach any new peak levels based on these I am expecting bitcoin prices to reach at least $100k levels by end of this year.

You must be kidding or you would have missed out one zero in your numbers or it is just a typo error ?

Even bitcoin prices will be breaking $10,000 price levels, it will bounce back sharply similar to what we had in the past. Because, $10,000 levels must be a very big psychological support level and it will not get broken in sustaining manner so you can be sure about having prices to be back on track toward $20,000 after testing this psychological support level.

I'm expecting bitcoin prices to test new all time high prices in coming months because many financial institutions are planning to open mass bitcoin investments plans for public. So, we can expect prices to jump in coming months.

Yes, a wall street veteran does not need to be accurate with crypto currency predictions. Because those people are got practiced only with how traditional share market is trading whereas crypto currencies are gaining its value from the faith of people who are  speculating the advantages and benefits. So, crypto currencies are exceptional and they cannot be analyzed in a similar way how shares and forex markets are being analyzed.

In the past many veterans have found their failures in predicting the future of bitcoin, Warrent Buffet must be one of them. So we must move on this news as this will not impact into bitcoin's future in any ways.

Other than only very less number of people are aware bitcoin payments, even people who are all aware bitcoins, not using it as a currency but simply storing for future benefits. That is another very important reason why bitcoin is not having any will impact into a country's economy. This reason may not change in very near future as people are preferring to hold bitcoin for decades.

It is already happening like every country must to have balanced the import and export levels so that they can have a stable financial state. When a country is importing all their needs, then their money will be flowing out which will not be good supporting factor for their stable economy.

Because, government cannot do anything about bitcoin like they cannot stop people holding bitcoin nor stop people from mining bitcoin. As these are all coming under people's basic rights.

All they can do is, may regulate bitcoin trading against fiats. Like they can impose new regulations against exchanges. That is already happening in many countries but we can see that is not at all impacting the growth of bitcoin in long term. When some regulations are coming in, people first get scared but after that they get practice to that and within that regulations they are finding new ways to adopt and to become a successful bitcoiner.

Not just due to the risks involved but the rewards we can make with them. Both are highly rewarding if everything favors us. If something is missing then we cannot expect any returns but our capital/bankroll itself will be at peril. There are lots of similarities which makes people to compare them.

The probability of winning with trading improves when a trader gains more knowledge and experience where gambling is not providing any such room for improvement like we always need luck to favor us.

Exactly! The one who has managed to earn this much amount of money is no doubt really a lucky person. I don’t think so that he should quit all this thing as he knows the trick of making money and he can use the similar kind of technique in the future as well in order to make more money. Bitcoin can for sure later on make him the world’s richest person if he continued doing working hard in future as well.

If we talk about the matter of buying and selling of the coins then we all must remember that it is never too late to buy or sell the bitcoin because the price of the coin is a subject to volatility and it is not going to get to a specific value at the chart an remain there for years.

It might be possible that the present year would prove to be the darkest age in the history of this currency with the lowest possible rate ever detected or the things could work entirely opposite hence you cannot give any definite statement about it.

Bitcoin is to be preferred over a number of other available options due to many reasons. The most prominent among all is that we know this is most highly valued currency that is presently circulating in the market for various uses such as trading, investment overseas transactions and many more.

Along with this, the best among all is that the community is still progressing day by day hence gaining the trust of more and more people around the world.