Will Bitcoin Price Continue To Fall In 2019? (Sharing my thoughts)

[omonuyak]

It's unwise to start having a negative mindset about the price of cryptocurrency especially bitcoin this new year. You shouldn't judge with what events we had on year 2018 because that year was specifically met for correction. So this year,  look on the brighter side.

This time last year we were having many negative news and I think that is what brings down bitcoin price.  This year 2019 is different year and I think we have more bullish market this year than before.  I believe that we should not compared this year with last year and I believe this year will be more of bullish than bearish.

[Slow death]

Hello,

I have just published my idea and analysis on Bitcoin and what's ahead of us in 2019. I mostly cover market cycles and what reversal signs we should be looking for.

Read: https://coinlu.com/will-bitcoin-price-continue-to-fall-in-2019/

Thoughts? 

I enjoyed that:

Please do not get dragged with technical analysts who will give you a specific date on bitcoin reversal, because no one can predict that.

best thing we can do at the moment is buy and hold for the next few years or use bitcoin as a means of payment, waiting for the price to increase to $ 20,000 fast is something that make people paranoid and panic every time the price drops a lot.

[aalfadhala]

It's unwise to start having a negative mindset about the price of cryptocurrency especially bitcoin this new year. You shouldn't judge with what events we had on year 2018 because that year was specifically met for correction. So this year,  look on the brighter side.

First of all - congrats on Bitcoin current jump
This is nothing to do with the mindset - I read charts, and this is what the chart is currently telling me. Also, I'm always a big fan of negative news, especially when you get a lot of them after a strong correction, because this gives me an indication that we are near a bottom.

Good luck and happy new year!

[aalfadhala]

Hello,

I have just published my idea and analysis on Bitcoin and what's ahead of us in 2019. I mostly cover market cycles and what reversal signs we should be looking for.

Read: https://coinlu.com/will-bitcoin-price-continue-to-fall-in-2019/

Thoughts? 

I enjoyed that:

Please do not get dragged with technical analysts who will give you a specific date on bitcoin reversal, because no one can predict that.

best thing we can do at the moment is buy and hold for the next few years or use bitcoin as a means of payment, waiting for the price to increase to $ 20,000 fast is something that make people paranoid and panic every time the price drops a lot.

Glad to hear that, thank you!

[bitcoin31]

Bitcoin will not to fall this year and it will have good value this first month of 2019. Everyone have good prediction now and it will be have positive result to the market And look the market it will rising a little only  and I hope because of that bull run start.

[Distinctin]

Hello,

I have just published my idea and analysis on Bitcoin and what's ahead of us in 2019. I mostly cover market cycles and what reversal signs we should be looking for.

Read: https://coinlu.com/will-bitcoin-price-continue-to-fall-in-2019/


Thoughts? 

I will bet against you, my prediction is the opposite, I believe the market will recover and there will be a major reversal that's going to happen soon.
It's still early so it's hard to give up and believe it will fall more, with the new year, we are given plenty of time to correct the market.

[deisik]

Who knows ? We might be going to see that again and again in 2019 also. But, buying at every dips must be a good strategy of trading so that you will never miss out an exact bottom. But, you will be enforced to wait more. When your capital allows, why not you just go for assuming every dip as a bottom ?

How can it be a good strategy? If you buy at what you think a bottom, your bottoms start accumulating and losses multiplying over time. It is like martingale in dice, you double down on your buys to lower your breakeven point and end up broke in the end. If you come to disagree, just think about those who started collecting dips at around 12k in January a year ago, which was thought an ultimate bottom back then. What happened next is history

And it is given to repeat itself

[justdimin]

Hello,

I have just published my idea and analysis on Bitcoin and what's ahead of us in 2019. I mostly cover market cycles and what reversal signs we should be looking for.

Read: https://coinlu.com/will-bitcoin-price-continue-to-fall-in-2019/


Thoughts? 

No one really can say if the price will go higher or lower, none of us went to future and came back honestly.

I just think that the likely scenario is this is a new year and there are new stuff that we are waiting like sec,nasdaq,bakkt and whatever which will make bitcoin into a real professional investing option and with that in mind will make bitcoin available for hundreds of millions of people just like stocks and forex. That just tells me it is more likely that bitcoin will go up than go down.

However in case of mt.gox trustee selling a bunch of coins, craig selling all his coins, winklevii selling theirs and so forth we will definitely see a huge drop if anything like that happens. What I mean is unless something insane like that happens price will definitely go up but we really can't trust nothing insane will happen neither because this is bitcoin and insane stuff happens all the time.

[drachman]

Probably not, the price is so cheap that any attempt by the bears to try to keep making the price of bitcoin any lower will be met by a huge resistance by the whales that will buy all the bitcoin that is available at such low prices so I am positive about this year even if to me the idea of a bull run in this year does not seem probable at all.

[aris av]

The increase in crypto is hopeful because it will be an advantage by selling at a higher price, but nobody knows that by 2019 there will be an increase or decrease, I only choose to hold back and keep up with market movements, when the market pumps high then I will use the opportunity to sell, but if it's still in decline, I prefer to be a holder in the long run.

[sliderider]

This market really can't possibly keep going lower. All the crashes in crypto tend to shrink the market to 10% of it's size during the height of the bull run, which basicaly leaves us where we are now.

[drachman]

This market really can't possibly keep going lower. All the crashes in crypto tend to shrink the market to 10% of it's size during the height of the bull run, which basicaly leaves us where we are now.

The price still could get lower but the room for that to happen is shrinking, so this seems like a good opportunity for those which like to invest and not take huge risk to invest in the market since the chance they lose much money during the next months is not high but the potential profits they could get in the future are amazing by comparison.

[bitbunnny]

There is always possibility for price to go lower, just depends on different factors that will influence the market. Not it looks that market is standing still and there is no "fresh blood" comming so probably the price will stay in current range for a while. It seams that everyone is waiting what will happen next and how the situation will develope before taking any action. I don't expect some further fall at the moment but neither some significant recovery.

[deisik]

There is always possibility for price to go lower, just depends on different factors that will influence the market. Not it looks that market is standing still and there is no "fresh blood" comming so probably the price will stay in current range for a while. It seams that everyone is waiting what will happen next and how the situation will develope before taking any action. I don't expect some further fall at the moment but neither some significant recovery

That's an impossible combination

That is, you can't expect no further fall and at the same time not wait for a significant recovery (sorry for double negatives). Well, I don't mean that you literally can't, you can indeed, but if you base your trading decisions on these non-expectations, so to speak, you will likely get caught unprepared by a sudden price movement by far exceeding that lack of expectations when that time comes

Yeah, I definitely understand how it feels. The longer the market stays in a certain range, the more inclined you are to think that it will continue to trade sideways in the future. This is a delusion (or wishful thinking if you please). In fact, the longer market remains the same the closer we are to the point of a sudden dramatic change. It is universally true with respect to any speculative market

[superstarbtc]

Bitcoin got one of the fair chances to bounce back in the second quarter most of the positive news expectation are in the second quarter we can expect bounce back thereafter