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

[Thanhnghi]

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!!! 

[Volant]

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

[5ensei]

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!

[tdeannova]

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!

I agree with your opinion, maybe if the price does not go down and keep going up, then the chance for others will be small and they will argue that $ 20 is already too expensive. Take a moment, patience is the key to success.

[Febo]

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!!! 

Why?

Because last year and specially last 2 months so November and December was so good.  Bitcoin had zero push backs in that two months. I felt so bad because of it. I fell way better now when Bitcoin price is going back to solid fundamentals.

Why are you posting about Bitcoin in alt coins part of forum?

[Lucacrebbe]

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

[Mister1k]

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!!! 

I see it shows the complete nightmare for the bitcoin and all the cryptos. Please check the todays value there is more dump in the chart. I do not know how to consider that bitcoin will be recovered or not. Since I have holded the bitcoin for long time to get the money converted as fiat to use for my personal commitments.
Your question mark is my expectation, if bumps to this much value. I will really get the help with the bitcoin change.

[Reatim]

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!!! 

Agree. Its been a hard and really tough month to go through this January. We have seen it corrected itself and now we are below 5 digits and its seems that we can't go pass this hurdle and reach our goal of $20K.

But then again, this bearish trend will not go and last forever. Sooner or later the price will rally at some point and all crypto will bounce back. Not only bitcoin suffers here, but all of the market is on a sea or red. So the best thing to do is just to hold and patience. February is coming. Let's be optimistic that sooner everything will be back to normal.

[Yo_Seats]

Totally agree.  The current limited number of transactions per minute is waaaaay to slow.

[akitha]

As we all know it reached its all time high last year, and most of the investor pulled out their funds because of holidays, (i think so ) and so much fud around, from South Korean exchange raid to  coincheck hack!

[BigBoy89]

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!!! 

Too much pressure from official channels and governments. South Korea added taxes, Russia presented a new law and yesterday India banned all crypto-currencies. Unfortunately, we will not see a strong 20K bitcoin soon.

[base20]

Just look at the graph you'll see it's just fluctuation.  It went up 5k in 2 days in Dec.  It's gone down 3.5k in the last couple days.  Just the swings were bigger lately because of the crypto hype that was/is going on.

As for why it's been going down I don't really know.  It seems to just be a combination of things.

[BellaBitBit]

To answer this question one simply has to look at the bitcoin chart from 2015, 2016 and 2017 and focus in on the first part of it.  Same thing happens each year.  The Chinese start buying gifts and booking vacations for Chinese New Year up to 6 weeks before the actual holiday which is 2/16/18.  To add to this typical trend we have FUD coming from right and left as a way to diminish the technology. Technical analysis is your friend.

[iljamlnk]

Those who have invested their money above the current price do not need to panic, wait and your patience will be rewarded. Well, those who are still only thinking of investing in Bitcoin it's time to start doing it.

[Kamal0028]

It’s not a surprise even if You can say black February.this train is not going to stop for next few weeks,which is a sign of good progress (positive way).all the news and fud about crypto currency and governments take on it gets used to every one.once the support comes in from any two governments with sensible rules,every other government falls into the line.the volume grows even more and we can see a completely new digital future 

[Pivooooo]

Urgent need of positive news!
There can be no doubting the power of persuasion and the extent that bad news can affect a market as speculative as Bitcoin’s. And, to this end, as more bad news, fake, real, old or late, piles on top of an already fragile confidence, the damage gets exaggerated.
Many are hoping for one piece of positivity to right all the wrongs that have been leveled at the digital currency, and for the market to react accordingly. However, what that news could be remains a mystery.

[lero34]

Cryptocurrency at the moment is very unstable and can abruptly rise and sharply fall in value.If the world recognizes crypto-currencies as a full-fledged cash, then the rate may increase tenfold.

[kindbtc]

January was really a night mare for all crypto community and holders, im looking forward to Feb, im hopeful that we will see big upwward movements feom here and a reversal, bringing an end to the down trend.

[DiceChain]

Bitcoins are still very good. Prices go down because the market wants more people to invest in. At 18k usd price is too high. Many people think they have missed. And now it's an opportunity for them to invest. That is the cryptop market

[Nikosgalis1957]

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.