Black January: Why is Bitcoin in Such a Bad Way?

[slaman29]

Not such a bad thing, it gives others a chance to get into the game. At $20k investors are thinking they missed the boat, so by lowering prices more and more people will get in, so the next pump will be bigger! It is a test of belief, those who get in now while the prices are low will be smiling later on. It is the chance they have been waiting for so there is no excuse for not jumping on the bandwagon - it is waiting for you all!

This is probably the point a lot of people have been waiting for. Thousands of people would have heard about Bitcoin after the 10k and above price points hit the news, but it would have been a huge psychological barrier for them to process, learn and own some. But yeah, this is perfect entry points for those who waited, and if you looked at the buy volume on Bittrex and others, you'll see a lot of money actually went into long positions since yesterday. So that really shows a lot of confidence that 8k is the new floor.

[Branko]

I think this price cut is very healthy for Bitcoin because it will allow traders to buy Bitcoin with an acceptable risk since most of them are afraid to buy Bitcoin at 18k USD. New Bitcoin investors mean that the next Bicoin pump will be higher, so 50k per bitcoin is very possible this year thanks to the 60% retracement. Personally I just bought more Bitcoin with this dip thanks to weak hands traders.

Noone forces you to buy 1BTC...you can buy 0.1, too

[Rodimill8]

As January closed, Bitcoin fell towards $9,000 (getting closer to $8,000 in the first days of February). It has been a particularly tough month and a half for Bitcoin if one considers that halfway through December the coin peaked at $20,000!!! 

Of course, no one expected such a fast fall of bitcoin. but I think it's all to the good. The market was overheated very much. Now there is a phase of purchases and consolidation. And do not forget that than lower we fall, the higher we will fly. So we can see bitcoin 50k before the summer.

[SPINPIX]

for me it's a good thing this correction, the market growth in december was unsosteinable, too much speculation and media visibility. now i see that many tv shows are against btc and crypto in general, in december they were positive about it, i hope that newcomers will not be scared by the market

[MarchToke]

As January closed, Bitcoin fell towards $9,000 (getting closer to $8,000 in the first days of February). It has been a particularly tough month and a half for Bitcoin if one considers that halfway through December the coin peaked at $20,000!!! 

For me this is not a bad luck. It is just a chance to your starting point when you have a plan of doing buy and sell of bitcoin. This is the opportunity to buy bitcoin at a lower price. And I am so sure that this bitcoin will be leading to the moon after falling down. And if you got all bitcoin now, then you can earn more interest soon.

[rgbrt]

I strongly believe that this fall was there for last 3 New year's. It will start to pump again soon after Chinese new year.

[Thanhnghi]

It did it's part for Crypto and now its time to move aside and make way for the better tech

That's  why  we  have to  move  to XRB  (RAIBLOCK)  and Monero

why is XRB and Monero?

[@bolodupak]

I think its common for crypto but we can't predict the future, no matter what will happens we can face and must be strong. Hopes bitcoin wil recover and go up to 20k.

[sherenikaw]

It is indeed a pretty bad month for investors bitcoin where its value is down to half of it. quite unfortunate if not wait it will be a lot of people are going to be crazy. Hopefully, the next month's bitcoin is getting better.

[Thanhnghi]

It did it's part for Crypto and now its time to move aside and make way for the better tech

Perhaps BCT is too old, we need a new platform and this is blochain 3.0!!! 

[waqasniaz007]

This is only beacause of market bad news FUD ands drama to drop bitcoin price because big whales want to buy bitcoin cheaper.  Bitcoin will rebond soon because most of the panic sellers have sold their bitcoin.