opinions on downward trend

[madwica]

Buy in is my opinion and suggestion to other users, this is what i did few hours ago, now i am seeing some of altcoin and bitcoin was already increasing its value and i am happy with the result of my decision.

This moment is not late to invest, buy bitcoin now until the value are not yet reaching 12000 dollars.

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[Sharcade02]

Buy in is my opinion and suggestion to other users, this is what i did few hours ago, now i am seeing some of altcoin and bitcoin was already increasing its value and i am happy with the result of my decision.

This moment is not late to invest, buy bitcoin now until the value are not yet reaching 12000 dollars.

If you had waited a little longer you would be able to buy bitcoin at 7-8K. The downtrend is not yet finished we can see that bitcoin is still going down in the market.

[Zicadis]

Buy in is my opinion and suggestion to other users, this is what i did few hours ago, now i am seeing some of altcoin and bitcoin was already increasing its value and i am happy with the result of my decision.

This moment is not late to invest, buy bitcoin now until the value are not yet reaching 12000 dollars.

If you had waited a little longer you would be able to buy bitcoin at 7-8K. The downtrend is not yet finished we can see that bitcoin is still going down in the market.

its not the first time neither will it be the last, we just have to brace our selves in this bad time of cryptos that is showing all are in a blood bath.
time will come for recovery no need to panic

[STT]

The downtrend is not especially strong, if we refer to volume this is a panic sale not widespread all market involved sell off.      If there is a demand for selling where people will accept lower prices then the price will drop especially if the buyers are also lacking but low volume means low confidence in that new price.

Its worth noting.    However I havent checked every exchange, please report volume of sales you see not just price.   Interested to see where this selling is most based


The Bitfenix graph shows a decline in volume, this does not help confirm the price.   Normal observation on any market

[Kim Ji Won]

People with their downward trend nonsense. It's obvious that the market is consolidating, but then within a wider than average range. If you look closely, and see how repetitive the movements are between $13,000'ish and $14,000'ish levels, you will directly spot a great money making opportunity. If you time it right, you can make a decent bit of profit in just a matter of days, and quite often in less than a day. Learn to analyze the market and see how profitable these repetitive movements are for youself. As soon as we break out of this consolidation phase, these repetitive patterns will be no longer there, and thus it's time to just hold again. It's just a matter of logical thinking, really.

This is on point! Every time that the price of bitcoin is dropping drastically, a thread like this is automatic in the forum. Most of them are users who are new to the world of cryptocurrencies and don't really know what to do with their investment, so as a result, they panic. This would be a good way to earn fast money if you can't wait to see profits in bitcoin which is supposedly a long-term investment. Learn and master the technique and see for yourself how it goes.

[Sharcade02]

People with their downward trend nonsense. It's obvious that the market is consolidating, but then within a wider than average range. If you look closely, and see how repetitive the movements are between $13,000'ish and $14,000'ish levels, you will directly spot a great money making opportunity. If you time it right, you can make a decent bit of profit in just a matter of days, and quite often in less than a day. Learn to analyze the market and see how profitable these repetitive movements are for youself. As soon as we break out of this consolidation phase, these repetitive patterns will be no longer there, and thus it's time to just hold again. It's just a matter of logical thinking, really.

This is on point! Every time that the price of bitcoin is dropping drastically, a thread like this is automatic in the forum. Most of them are users who are new to the world of cryptocurrencies and don't really know what to do with their investment, so as a result, they panic. This would be a good way to earn fast money if you can't wait to see profits in bitcoin which is supposedly a long-term investment. Learn and master the technique and see for yourself how it goes.

I think they need to master the art of trading. Little knowledge of how bitcoin goes will surely bring them into a panic. We cannot blame them for that because this is their first time to handle that big amount.

[Riddikulo]

Buy in is my opinion and suggestion to other users, this is what i did few hours ago, now i am seeing some of altcoin and bitcoin was already increasing its value and i am happy with the result of my decision.

This moment is not late to invest, buy bitcoin now until the value are not yet reaching 12000 dollars.

Of course, there is a downward trend. But while I remain calm, I will start to worry when the price of Bitcoin goes below 10,000 dollars.

[armansolis593]

When bitcoin price is going in a downward trend what's the best way to weather the storm?

Best way is wait for the storm to be over, its not likely gonna kill bitcoin, the downtrend of bitcoin and alt coin is nothing new in the past years this was always happening.

get out while you still can?

Nope, getting out and selling your bitcoin and trading it to fiat is a bad move, you should just wait because bitcoin will break even or get its price rise again.

Buy alt coins?

Could be an option but regarding what coin is the problem, there may seem promising alt coin but who knows it might fall just right after you bought one.

or just wait it out?

Waiting would be the best solution when it comes to bitcoin, there are many people who just patiently waiting for bitcoin to have a high price again and would probably sell all their bitcoin.

[timerland]

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?

Terrible idea to get out right now. It's not like it's just a small drop and you want out before the big one comes in. The big drop has already happened. We have not seen during this bull run bitcoin drop at a single time more than 50% of its peak value and we've seen it this time.

That indicates we're going to continue to go up in terms of price, it's only a matter of time before $15k and $20k are hit.

Think of bitcoin as a long term investment. Don't care too much about short term movement as it will only make an unhealthy habit. Bitcoin won't die, the functionality of the $20k bitcoin is the same as the bitcoin now. Don't panic. Keep holding. That has been proven right every time.

[TTITA]

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?

Hold your current asset and ready to buying more. Down price trend has been happen many times and it will recovery even takes times, at least you understand which one coins that has great future to invest. For some people who buying Bitcoin in 2013-2014, the value it's not significant but they're still trust to holding on. Now, the price has been increasing x10 more since that year.

[harizen]

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?

Just like on a normal weather behaviour, it will not lasts for long period so definitely when there is a storm you will stay at home and began lurking on other things.

In crypto, a downward trend is a normal scene. Especially in bitcoin, there is no such thing as continous pump without a crash that's why we have a thing called correction to see how strong the support in a certain price level in the faced of FUD and negative speculations. Why should we get out if we have lots of things to consider that price will soon pump back. Take the price dip as entry point to make another round of buying coins. It's not a wise on the other hand to make a dump while you are already on loss. Face the risks instead.

*not applicable on other altcoins

[richardsNY]

Bitcoin won't die, the functionality of the $20k bitcoin is the same as the bitcoin now.

But sir, my central bank told me that Bitcoin is a scam, and I think Bitcoin will crash very deep because central bank no support Bitcoin.  

It's funny how certain people are so stupid, that they can't even think for themselves. For them a dropping price means that Bitcoin is losing popularity and will become obsolete, while they completely ignore the gains we booked last year. Another thing we have seen boil heavily is the South Korean exchange ban nonsense, where the mainstream media even added fuel to the fire, and it turned out to be a hoax just to get the price to tank. If the price goes up, Bitcoin is all fine and will be nr1, while it's already nr1. But when the price goes down, they think governments will ban Bitcoin, or that it will get surpassed by an altcoin -- it has always been like that for people.