Do you think we reached the bottom?

[simpleJon]

I think yes, and I also think we will be in a bear market for a month or so

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[imapessimist]

Not sure.  It looked like earlier it was going up and it did for a while and now a little bit down again.  I think it's struggling and won't fly for a while.  People are cautious and rightly so.  I think buying now would be a great gamble.  I'd wait to see if the price drops to 6 again and buy in then if I was really set on buying.  But I don't think it's anywhere near out of danger zone yet. 

[krigger]

It can go even lower to 5000 after a few weeks.

[Roukawa]

Try to wait its new fluctuation then differ it from today's price activity. Hopefully, this is not the bottom for the price because I want also to buy more bitcoins and I wish that after I bought bitcoins, it will start to rise up again.

[Bitcall]

Try to wait its new fluctuation then differ it from today's price activity. Hopefully, this is not the bottom for the price because I want also to buy more bitcoins and I wish that after I bought bitcoins, it will start to rise up again.

We all wish it ahahah

[pvk444]

Nobody has a crystal ball, and since cryptos follow a new paradigm it's impossible to tell.

That said, one of the most convincing arguments I heard so far, puts the lower bound for BTC at 5000 USD (assuming away the highly unlikely event of MASSIVE crack-downs on several fronts at the same time). The argument uses the cost-base of the miners, which is currently about USD 5000 as the bottom. Professional miners are the most powerful owners of bitcoin. Below USD 5000 they start losing revenue rapidly. To prevent that, they would attempt to remove liquidity and thus stabilize the price of BTC around the USD 5000 mark.

[Yatsan]

I think yes, and I also think we will be in a bear market for a month or so

No, not yet. I still expect more backdrops since Bitcoin is still volatile in the market. But I think there'll only be mild dumps compared to what happened recently. Hoping that the increase will now be continuous to help Bitcoin to recover. For now, invest and hold. Patienly wait until coins get fully recover from the dumps.

[Bitcall]

That said, one of the most convincing arguments I heard so far, puts the lower bound for BTC at 5000 USD (assuming away the highly unlikely event of MASSIVE crack-downs on several fronts at the same time). The argument uses the cost-base of the miners, which is currently about USD 5000 as the bottom. Professional miners are the most powerful owners of bitcoin. Below USD 5000 they start losing revenue rapidly. To prevent that, they would attempt to remove liquidity and thus stabilize the price of BTC around the USD 5000 mark.

Yeah very good point

[voltesbit777]

I think Yes,But don't be confident enough. Bitcoin prices is being manipulated so hold on your coins. There's a News in the U.S Senate and they talking about bitcoin futures and i think it will go throught 100k this year

[Bitcall]

I think Yes,But don't be confident enough. Bitcoin prices is being manipulated so hold on your coins. There's a News in the U.S Senate and they talking about bitcoin futures and i think it will go throught 100k this year

Yeah I saw the Livestream today, I think the bold guy was very good, he and the Senate gave me really good impressions on future of Bitcoin and regulations

[Washball]

The price will not drop any further. The US Senate hearing was quite positive and right after we see the price increasing. After all the FUD it's now time for a huge rise. Investors and people who missed out should be buying now and bitcoin will increase again, 20K is within reach.

[Inn0vative1]

This question has been asked a few times and the real answer is no one knows. Based on price action alone, looking at the daily price charts, it is impossible to declare this the bottom at this point. Bitcoin price has been declining steadily since December 17, 2017. Since then there have been some attempts at recovery which lasted 1 to 3 days, only for the price to turn back down. This is just one day in the green. At this point, it is impossible to call this a  recovery. For the recovery to be confirmed, the price would have to rise consistently over more than three days, and these gains would have to be sustained. What I'm doing now is watching the market for confirmation of a new upward trend before going in. Though, this approach has a risk of missing the start of a trend, it is safer in case price turns back down after a day or two.

[cryptoalfs76]

I think yes, and I also think we will be in a bear market for a month or so

I dont think that  it could not happen that we could not reach to the bottom that the value of bitcoin going back to zero,because,as i see now in the market blockfolio  the value of bitcoin and some other altcoin turns back to positive,maybe this is the indication now that the price value of bitcoin going rise again and i hope so,in order that those there saying that the price of bitcoin will goes down into $4000 in 1btc this coming next month will not been happen,instead its going back  to rise up again.

[iLoveCryptos]

 Bitcoin always been about speculation. I know plenty of people who got in while it rose to $12,000-$15,000. For a presided analyst, requires constant observation of the on-going graph with back to back buying and selling transactions.

 J.P Morgan Chase, Bank of America and, several of the largest banks in the US - populated by more than 323.1 million-  have took steps towards blocking credit card purchases from Coinbase - a user friendly platform to buy and sell bitcoin -  making it harder for people to "get in and out" which has resulted in less transactions and less investments in bitcoin causing it to plummet to it's current rollercoaster state.

 Throwing a huge chuck of funds in any crypto-currency for just a single transaction is not an investment, but increasing the volatility of your savings backed up by speculation.

[Reid]

It is just a simple fluctuation.
If there will be a bottom then that would be zero. No need to worry about it anymore.

A lot of specualtions are being said in this bitcoin discussion and still there is none who could tell the exact one.
You would just have to rely with your instincts for now.
But it seems like Tether made a lot of changes when it comes to trading. Altcoins are also affected with it.

[mahimonliner]

I think yes, and I also think we will be in a bear market for a month or so

Dont think bear market will last one month long, maybe for 15 days and the market is good to go.

[Marrionbitcoin]

I think yes, and I also think we will be in a bear market for a month or so

We cannot easily predict what will happen in the Bitcoin price. But one thing is for sure that the price now is still low so we better to invest now and then hold until the price will increase again. Bitcoin is too big to lose so we can never go wrong if we will invest to it and other altcoins. There are speculations that Bitcoin will rise up too soon so let's be patient to wait and believe to it.

[Bitcall]

I think yes, and I also think we will be in a bear market for a month or so

Dont think bear market will last one month long, maybe for 15 days and the market is good to go.

I agree with you, in cryptocurrency things are really fast, I don't think a bear market of months is possible

[Hazir]

It can go even lower to 5000 after a few weeks.

Why? Unless we will be hit by some other 'revelation' and negative news I don't think we will go lower.
Look at the price charts currently, we have +6.22% in recent 24 hours, which mean that main decline is (hopefully) behind us.
This price is seriously a buyer's dream, I myself bought BTC instead of selling it - and frankly speaking, you should do the same.

[coinycoiny]

Down to 2k, ignore the hodlers above