Bitcoin now below $10,000

[zanezane]

It is strange to me at the moment.

We have heard good news yesterday about south korea actially not banning crypto
but the markets have not really responded.

People are commenting that the start of the year has been in the past a down time,
so as many have said just buy and or hold.

I am staying positive, i believe from february on will see more investments into crypto.

Actually this thing make some worry a lot like many speculate that seeing the market red will be left in January but things turned the other way around and now bitcoin and other alts are still on the ground.

Like you I'm still optimistic with this and embracing all of these volatility.

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[Harlot]

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

I think this kind of phenomena occurs yearly if you just try to compare the graphs from last year and the present. There are some good patterns and signals on when to buy and sell. I know pioneer traders don't do the panic selling in this kind of month for they knew already this pattern. Maybe in the next couple of months Bitcoin and cryptos will have a good rebound, just keep hoding.

I am not against historical chart comparisons but I don't think it will be reliable in the long terms as you will always have new events everyday which can change the outcome of the trade. With my own analysis I was wrong to say that it could go down to 7,000$-8,000$ as I forgot that we are biw at the 61 fib which is really a strong support, right now I am considering this as a buy zone which we can all take advantage of 9,150$ to 9,900$ is the current level where you can buy from. Also do not expect for a breakout soon as we will still re-test other levels.

[anitaraymonds]

I think that the support is being broken but it seems there is fight in there now as the price has just cross back over $10,000. It is always like this every beginning of the year.

[sjefdeklerk]

Great time to buy more, you should HODL because this dip was to be expected AND IT IS BECAUSE OF CHRISTMAS!!!!

[Niya]

Perfect time to buy and hold cos it's definitely going to pump

Agreed with your point of view. Under 10k is a good entry point right now. I am contacting some trusted sellers in order to buy some.

[prabakharras]

This is a test..  testing $9000 support level https://www.coingecko.com/en/price_charts/bitcoin/usd
hodl is virtue

[Borisb52]

I take this situation calmly. I understand that the market is now on the correction. After correction, prices will start to rise. There is no constant price increase. And there is no constant drop in prices. The market is undulating.

[qiman]

The markets are just constantly being bled dry daily and money is moving out of crypto and into fiat and other assets. Many of the big fish have already cashed out and big whales are manpulating the markets to crash and drive the price of Bitcoin and other altcoins down to low prices so they can become richer and richer and the holders who bought and selling at loss, become poorer and poorer. This is nothing new. I see Bitcoin crashing to 5-6k easily by the end of this month if not sooner at this rate.

[greenclub09]

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

i believe bitcoin will keep dropping more in the next few days, there are many big whales agreed with the opinion that the price will be very much lower than now, so this is the time for us to buy bitcoin now, you don't have to wait until it gets too low, if you can buy bitcoin as low. as possible then the higher percentage you may have profit in the future.

[satria33]

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

If you have a bitcoin you can hold until the price up again and if you have a lot off money you can buy it now or waiting the price go down and buy more

[exchange.blue]

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

If you have a bitcoin you can hold until the price up again and if you have a lot off money you can buy it now or waiting the price go down and buy more

You should get a grammy for best response of the season lol

[Reatim]

I take this situation calmly. I understand that the market is now on the correction. After correction, prices will start to rise. There is no constant price increase. And there is no constant drop in prices. The market is undulating.

Yes, we should all be calm right now. This is not the time to panic. We have been in much worse situations but still bitcoin rebounded. This is a test that we can hurdle if we would just hold and not be frustrated. Its really unfortunately that we have slide below $9K-$10K. But I wouldn't be worry because I will buy and accumulate more if it floor at $8K.

I'm just surprise how quickly it turns out. The only thing I heard is that Facebook news. But as I go around the forum, some FUD says that India has ban bitcoin but as far as I know, they are still have a neutral stance on crypto.

[kodtycoon]

Yes droped I think it will fall further than the public estimates, maybe to the price of 7500$ actually I see this situation is profitable from the corner of my glasses. I will make a sale at the current price and take it back later after the market drops to 8K below, this is not a suggestion not to follow cause there must be a risk if estimates miss.

[joebrook]

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

At this moment, i wouldn't be surprised at all when it goes below $8K before the the end of the week because its freefall is definitely amazing and i can't figure out the reason why it is going down so much.

[harizen]

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

We have nothing to do with it but to watch.

So for now, just ride the trend and take advantage on it by buying more as long as you understand the risks. If you set your bitcoin goals for long term purposes then stick with the positive thoughts and remember that the current price is just a dream price in the past.

Still HODL? It's really up to anyone as we have different perspectives and views while bitcoin price is on bloodbath phase.

[ngavanngo22]

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

There are a lot of questions now with Bitcoin falling below $ 10,000. I find it quite reasonable that the cryptocurrencies market is experiencing a lot of difficulties at the moment, as many governments have banned Bitcoin and the USDT risk of being wiped out of the market. The thing to do now is to be calm and wait for the exchange rate of Bitcoin to rise again in March.

[BitcoinNational]

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

This is after effect of the Indian government announcement that they are going to ban the crypto currency but at the same time they also announced that they will support the Blockchain Technology! That is why the prices are holding up at this rate otherwise they could have gone far below the market rate.

There is no need to panic about this as Finance minister Arun Jaitley of India released the official budget 2018 doc today and initial the negative news was spreader like fire in the India causing the panic sell whitin short period. But it looks like people cam to know that Indian government will take step forward to learn the blockchain tech and it’s applcation. So it could be good news after few days.

Is it India banned crypto currency? If it is true post with the links too.

I read that the finance minister said that bitcoin has no legal tender in their country which means it is not illegal yet so we should wait for the official announcement from that government.

Here you have a link if you want : https://qz.com/1195316/budget-2018-busts-bitcoin-arun-jaitley-has-just-killed-indias-cryptocurrency-party/
The finance minister didn't ban Bitcoin yet but he seems not really enthusiast about bitcoin.

[iv4n]

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

There are a lot of questions now with Bitcoin falling below $ 10,000. I find it quite reasonable that the cryptocurrencies market is experiencing a lot of difficulties at the moment, as many governments have banned Bitcoin and the USDT risk of being wiped out of the market. The thing to do now is to be calm and wait for the exchange rate of Bitcoin to rise again in March.

Questions asked by people who wish to earn fast money, and now when bitcoin price is falling down they are in panic. I was here when price was 200 dollars, and where price is now? What you think how far can price go? Can price go up all the time? Can it, is that normal that price today is 10k tomorrow 20k, then you buy price go to 50k, we can cash out and be happy with our profit? Is that normal? Of course not, we need to be patient and its normal for price to go up and down, get use to it, and don't panic, that will bring only some new problems.

[hirokazu]

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

i believe bitcoin will keep dropping more in the next few days, there are many big whales agreed with the opinion that the price will be very much lower than now, so this is the time for us to buy bitcoin now, you don't have to wait until it gets too low, if you can buy bitcoin as low. as possible then the higher percentage you may have profit in the future.

If it will keep dropping, better have to wait a few more days to buy it in more cheap price. I just would prompt to be more careful, because buying it in hurry will only make you lose. If more cheaper we get, will earn easy profit.

[sofi@]

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

Many suggests that it is a perfect time to buy and invest but does this people really do that? I've been holding my bitcoin for quite sometime now and it really makes me wonder if buying and holding is still a good decision after seeing this continuous drops in bitcoin price though I might keep holding them hoping for the value to pump again but I think additional investment is quite risky for now, maybe I would just stick on my current holding but will not take a risk to buy more for investment.