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fabiorem
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January 15, 2018, 06:52:40 PM |
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I dont believe there's a downward trend. Bitcoin is inside both a bearish channel and a bullish channel, so it will be swinging up and down. This can be good for trading alts, if they follow a opposite pattern.
Seems that sgbett was right, after all. Bitcoin will be swinging between 12k and 16k. That is, until LN is implemented.
I dont plan to use LN myself, but if this unclog the network, mining fees can go back to 100k satoshis per kb, which will be good for those who plan to move his bitcoins to a new wallet (to claim forked coins, which will be by the hundreds in some months).
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ktabb
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January 15, 2018, 07:02:01 PM |
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When bitcoin price is going in a downward trend what's the best way to weather the storm?
get out while you still can?
Buy alt coins?
or just wait it out?
For the majority of bitcoin's history I would have told people "If you believe in it, just hold". For a long term investment you should not be trying to trade your position. That being said, bitcoin's scaling problems have become more and more apparent recently. If you believe in cryptocurrency, I would recommend finding an alt coin that is technically superior to bitcoin. Personally, though, I think this is a huge bubble and buying into crypto right now would be a mistake. |
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parobber
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Activity: 172
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January 15, 2018, 07:03:22 PM |
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When bitcoin price is going in a downward trend what's the best way to weather the storm?
get out while you still can?
Buy alt coins?
or just wait it out?
If you know it's going to continue then sell up and look to reenter later, if you are unsure of that then just hold it out and weather the storm, often I sell alts and hold bitcoin as it seems to fair much better when values are falling. |
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richardsNY
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January 15, 2018, 07:11:22 PM |
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The problem with people is that they have insane expectations of the market. If it was up to these people, the market should go up without an end in sight, but it doesn't work like that. You just have to accept that the market can't and won't always keep going up, especially not when there isn't anything new or exciting ahead of us in the very short term. If you want constant action, then make sure you are invested in both Bitcoin and altcoins. If Bitcoin isn't giving you that action, you'll always have altcoins to entertain you, and of course vice versa since it works both ways. I personally choose to wait for Bitcoin just like I have always been doing -- I'm not interested in altcoins.
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Bloomie
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January 15, 2018, 08:17:09 PM |
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I would call this a sideways trend. The 13k - 17k channel has been tested a few times in the last few weeks and the price is hovering around there. I don't see the price going any lower and it ay be a clear sign of some upcoming bullish movement in the near future. We'll just have to wait and see. Last week BTC was heading into the 17k range but the South Korea FUD forced it down a little. I'm thinking without that barrier it might have started moving up again.
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minersday
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January 15, 2018, 09:32:17 PM |
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When bitcoin price is going in a downward trend what's the best way to weather the storm?
get out while you still can?
YES PLEASE, LEAVE THE MARKET. By this way we are going to have less people with WEAK HANDS again!! This is great for all of us guys! Came on, if you do not trust in bitcoin, just leave the market, just see the charts by yourself and you are going to see that this pattern has already been repeated more than dozens of times. Do not be afraid, of just sell everything and you will need to pay for your losses, lmao. |
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TERA2
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Deb Rah Von Doom
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January 15, 2018, 10:45:35 PM |
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 Downtrend? I don't see a downtrend there but if the above chart was to break into a downtrend, you might see levels as low at $3K which could be reached in a year or so. It could also break up and see $30K. The soft support at $13500 seems very stubborn. Usually when bitcoin enter's the bear market it's very sharp and deep and you know within days of the ATH that the bear market is on. The bear market entry doesn't just drag on for an entire month. This is uncharted waters. |
60659 📦
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wildflower18
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January 15, 2018, 11:54:13 PM |
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This downtrend of bitcoin will for sure were seeing of ath soon. This downtrend market the best thing to do is to hold and wait for the price to rise. You know in this fluctuating of bitcoin daily Im confident it will not take long in this bearer market.
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Barbut
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January 16, 2018, 02:06:46 AM |
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I dont believe there's a downward trend. Bitcoin is inside both a bearish channel and a bullish channel, so it will be swinging up and down. This can be good for trading alts, if they follow a opposite pattern.
Seems that sgbett was right, after all. Bitcoin will be swinging between 12k and 16k. That is, until LN is implemented.
I dont plan to use LN myself, but if this unclog the network, mining fees can go back to 100k satoshis per kb, which will be good for those who plan to move his bitcoins to a new wallet (to claim forked coins, which will be by the hundreds in some months).
It`s not a downward trend, now when its all over it`s easy to speak about it and make analyses. Bitcoin price had it`s peak on 19.000$, many people cashed out, and waited price to drop to buy more like it did. Price in past few days is around 14.000$ give or take, but nothing big is happening and its all the stability that we can see from bitcoin. This year just started, wait a bit and many things that were announced will happen, and soon we will see upward trend. If fees can with any miracle go down that will mean a lot for all of us. If that happen bitcoin will become very strong currency, and many people who left bitcoin cause of high fees will return. |
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sjefdeklerk
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SODL
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January 16, 2018, 02:09:37 AM |
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Downtrend? I don't see a downtrend there but if the above chart was to break into a downtrend, you might see levels as low at $3K which could be reached in a year or so. It could also break up and see $30K. The soft support at $13500 seems very stubborn. Usually when bitcoin enter's the bear market it's very sharp and deep and you know within days of the ATH that the bear market is on. The bear market entry doesn't just drag on for an entire month. This is uncharted waters. LOL, now that's funny, on a log scale any chart will look pretty bullish if it tanks (tanking thousands of dollars is only a slight tick on the chart). |
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lablab03
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January 16, 2018, 02:47:48 AM |
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When bitcoin price is going in a downward trend what's the best way to weather the storm?
get out while you still can?
Buy alt coins?
or just wait it out?
this is the best way i think exit when the price drop then by altcoin instead of waiting for the growth of bitcoin . Then convert your altcoin to bitcoin or buy bitcoin when the price is growing . Or hold both if it has the same circumstances which both price is increasing to gain much profit. |
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vit05
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January 16, 2018, 03:42:36 AM |
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The best thing is to read all the news that you could. Sometimes is just the market correction, but could be something bigger like a massive baning like it was on China. Know what could be affecting the price is better them just start saying hold or things like that.
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jinksters09
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January 16, 2018, 03:59:28 AM |
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While you are waiting and you want to earn while holding you need to invest in alternate coins because of there so many altcoins out there who has shown potential to keep up with bitcoin. Also, you might want to hold because you need to have patience for sure bitcoin is going to rise again just wait until the end of January 2018.
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chefbauer
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January 16, 2018, 06:06:53 AM |
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I dont see this as a bad thing, in fact, it is a huge opportunity to keep buying as many altcoins as you can, the price for most of them is super cheap, if i was you, i would be depositing more fiat in your wallet and then i would buy a lot of cheap tokens, lmao.
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Rooster101
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January 16, 2018, 06:52:46 AM |
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It is still a continuing price consolidation for the bitcoin and this might be a preparation for another uptrend. The price had been fluctuating between the $13k and $14k marks for a week now and it seem to be steadied at that price range. Some recent events might also affected the bitcoin's ability to rise again and it will take time before we see another all-time high. I believe bitcoin will remain to be bearish for many weeks before it will start another climb.
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jubalix
Legendary
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Merit: 1022
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January 16, 2018, 09:48:42 AM |
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meh...there has to be a dump out at some point.
2011 peak dump
2013 peak dump
I am surprised it stayed as high as it did for as long as it did.
this just brings us that much closer to the next high, you know 50K to 100K in a few years.
more of the same.
the dead cat bounce will be epic, also btc / alts always fall faster than they rise to my recollection.
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cody72
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January 16, 2018, 10:13:40 AM |
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Don't forget that most of the exchanges are still closed. What will happen when new investors/traders can sign up and find the BTC at the lowest point in the last few months?  |
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iv4n
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Activity: 3136
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January 16, 2018, 11:28:18 AM |
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Don't forget that most of the exchanges are still closed. What will happen when new investors/traders can sign up and find the BTC at the lowest point in the last few months? Maybe that can be a reason, many big exchanges closed the doors for new customers. Today is the black day, bitcoin and alts are going down and everything is red, not even a single coins is green today, I think this can be a bottom now, or its very close. This downward trend will end soon, and we can see price rising after this storm. Who has pairs with fiat and sold yesterday or before is in profit and they wait good entry point to return in trades, now is the time for buying if you have dollars or euros or any fiat you have, hold bitcoins and alts you have. |
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MintCondition
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Activity: 1147
Merit: 1007
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January 16, 2018, 11:42:09 AM |
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Don't forget that most of the exchanges are still closed. What will happen when new investors/traders can sign up and find the BTC at the lowest point in the last few months? Maybe that can be a reason, many big exchanges closed the doors for new customers. Today is the black day, bitcoin and alts are going down and everything is red, not even a single coins is green today, I think this can be a bottom now, or its very close. This downward trend will end soon, and we can see price rising after this storm. Who has pairs with fiat and sold yesterday or before is in profit and they wait good entry point to return in trades, now is the time for buying if you have dollars or euros or any fiat you have, hold bitcoins and alts you have. This trend can be a great opportunity to buy more now, hold them till it arise, know that panicking sometimes leads to more dissapointment soon, so better hold and don't let yourself lose more. |
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Sharcade02
Newbie
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January 16, 2018, 11:44:09 AM |
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Buy coins or just wait it out is a good option. You will not be earning if you will always be scared of this kind of downtrend most especially that the market is moving like this every now and then.
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