Bitcoin & Its Momentum

[mrquackquack]

Bitcoin is currently under 6.5k USD. Is this a sign of a future problematic state?

[DU18]

Bitcoin is currently under 6.5k USD. Is this a sign of a future problematic state?

The current decline in the price of bitcoin are not a sign In my opinion the current decline in the price of bitcoin is due to the shake of the world economy at this time caused by the wider impact of the corona virus that is currently sweeping the world, especially we know if one of the centers of the world economy is a country of China so that with the outbreak of this virus certainly also presents a risk of fear for Cryptocurrency investors and inevitably they will prefer to save their money now. I am optimistic that if the corona virus has subsided it will definitely make the price of bitcoin bull run again.

[FanEagle]

When you zoom out of bitcoin long enough you see that momentum is almost always towards higher, it is a ups and downs game in the short term but it is always going higher in the long term as well. So, it is of course a shame that bitcoin is down right now and I would always prefer bitcoin going up consistently without ever going down, however that doesn't change the fact that bitcoin should do whatever it needs to clear out the doubters.

For example when we go up too much, I actually like it when we go down afterwards because it means we reached to a point where people who do not believe we can go higher so they sell their coins, that causes us to go down but at least we are now free of those people and can go higher a lot faster. Or maybe we will fail and they are right but I will take my chances.

[ballerin and giroud]

Bitcoin fell almost 100% in one day, hopefully Bitcoin will be strong enough to recover so quickly and return to a price close to $10k.

Seriuosly? Where is the proof? I think bitcoin has fallen for 50% at the current situation. If you think that bitcoin was fallen around 100% then the value will be touch $1 correct me if I'm wrong. In this situation the investor there will choose their money into the safe place like stable coin or gold. Because they don't want to take more risk because the sentiment is still bad to entry. But they should be aware and keep their eyes, if they late to come again then they will be regreted. Bitcoin price will up to $9000 again but indeed we need more time, I hope that halving event will help bitcoin price increase again.

[Yaunfitda]

Bitcoin fell almost 100% in one day, hopefully Bitcoin will be strong enough to recover so quickly and return to a price close to $10k.

Lol, are you trolling or didn't see the market? The price didn't fell to almost 100% but 50%, if it fell by 100% then its going close to 0. The lowest price I have seen is around $3900 only.

I'm sure you need to check the price first, before putting any comments because it seems that you are really off by a mile here. I don't know if you wanted to create fud or you are just too ignorant to see what is really going on in the last couple of days. If you are not sure, then check the price first.

[Mame89]

Some people argue and dare to make the decision to buy BTC, but not a few who exchange with fiat currency and save it in the bank because of being consumed by the issue and afraid of the many negative news stories and I myself prefer to be silent while watching the movement.

[lepbagong]

Some people argue and dare to make the decision to buy BTC, but not a few who exchange with fiat currency and save it in the bank because of being consumed by the issue and afraid of the many negative news stories and I myself prefer to be silent while watching the movement.

a situation like the current is wiser to think and analyze well, that every policy that will be taken can certainly be analyzed properly. I agree with you that it is better to look at the situation first and not take actions such as exchanging for fiat and others, because it could happen precisely the loss that will be received. the up and down movements bitcoin are unpredictable and very fast.

[Viscore]

the up and down movements bitcoin are unpredictable and very fast.

But we should already had a game plan for that, when we are investing, we need to carefully plan and determine all the possibilities of market movement.
This kind of big dump did not just happen now, it happen a lot of times in the past, so I think if educate ourselves and learn from our experience if we have, we should already know what to do at the current situation.

[jostorres]

Seriously for the first time in history of mankind, being liquid is more beneficial than being invested to anything. Normally prices of everything goes up since inflation and economical troubles causes people to want to get more money but since there can't be more money that causes inflation as well, however right now everything is down from stocks to crypto which results with basically only thing that didn't lost its value as dollar.

I don't know how to react to that, I mean normally when all others fall, at least gold goes up, like gold NEVER goes down during these type of things, yet today we have it down. I am not entirely sure what to expect anymore really. I am thinking about seriously getting something a lot more steady and passive in the investment department to not have these headaches.

[whyrqa]

the up and down movements bitcoin are unpredictable and very fast.

But we should already had a game plan for that, when we are investing, we need to carefully plan and determine all the possibilities of market movement.
This kind of big dump did not just happen now, it happen a lot of times in the past, so I think if educate ourselves and learn from our experience if we have, we should already know what to do at the current situation.

Given the fact that in 2013 and 2016, Bitcoin halving brought a very active price increase for the cryptocurrency market, then personally I expect the same trend in 2020.  It is predictable that speculators can manipulate the market in order to get a certain profit now by buying cryptocurrencies at a cheaper price before the next Bitcoin halving.  Perhaps this is exactly what is happening today in the cryptocurrency market.

[KTChampions]

the up and down movements bitcoin are unpredictable and very fast.

But we should already had a game plan for that, when we are investing, we need to carefully plan and determine all the possibilities of market movement.
This kind of big dump did not just happen now, it happen a lot of times in the past, so I think if educate ourselves and learn from our experience if we have, we should already know what to do at the current situation.

Whatever plan you have, you are at a disadvantage relative to those who control the market. You can never beat them, the most that can be done is to understand their actions and try to play along with it - that is, play against the rest of the market. But since many traders use this strategy, it is also disadvantageous for most players 

[jarhed]

Bitcoin is quite volatile on the market, so it can change direction at any time, but I think Bitcoin should grow now, because in just a couple of months Bitcoin will be halving.