Bitcoin is facing a tough time at the moment because...

[gurunanakji777]

Yes bitcoin is facing tough time since starting of this year. On technicals analysis you are right but I don't think market always moves according to the charts analysis. News or supply and demand is the most important thing to drive the market So many factors drives the market not only technicals. I hope after march market will be bullish again.

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[voom360]

why people think that  i dont know. if you say its tough time i say no becuase behind that so many reason on this situation. i dont want to be say its tough time i think its very good time to buy btc because now btc price so reasonable . its perfect time to buy for long term hodl.

[ambisyon]

Yes, It maybe a hard time for bitcoin nowadays to stop the resistance it was facing in the current cryptomarket situation to gain back the recovery that everyone is waiting to happen. Negative news and FUD has something to contribute with bitcoin to move directly on the upward trend and therefore it should not be given big importance by the people. Good side of bitcoin should be included on this thread and not those thread that will result to negative comments that might be pulling the growth of bitcoin.

[Triyavam]

I do not think that now is a good time to invest because the news from the recent market is very strange,
This is just a normal world cryto situation I believe that bitcoin can overcome these difficult times,
Bitcoin always faces a difficult situation but bitcoin always recovers from its downfall,
I think it's time to prepare some cash so we can buy more bitcoins if the price falls faster.

[proTECH77]

It should be expected at one point that the price of bitcoin will experience a fall in value, which is most times caused by some certain factors. In recent times, it is seen that the tough times the currency is facing, is as a result of the regulatory challenge and lack of acceptance.

[BitHodler]

Obviously, we're in extremely tough times, mainly because of the fact that the current price is $7000 higher than last year's price. It's a massive growth overall, but we're doomed and this isn't going to end well......

I don't think we'll be able to hover around current levels for too long, because once we're a few months away from now, we'll be going up further. We may potentially see $12-$13,000, and that's something we can't be happy with.

The worst thing of all is that next year, we may even hover over the $20,000 mark, and that's the moment we can consider Bitcoin to be failed. I lost a tremendous amount of confidence in the market because of that.

I don't know where this will end, but I wouldn't be surprised to see Bitcoin hit $30-$40,000 within 2 years, so start selling people. Save yourself!

[rartokens]

Still hovering at 200 SMA.

Is 200 SMA a support or resistance?

[QA65]

Bitcoin is at the crossroad of SMA 200. Will it give in or not, that is the question?

Last month it hit that SMA 200 level and bounced. Will it repeat again?

no fud, no fomo, just a piece of information.

As soon as I read the bitcoin price, it turns out the sales are so fast, so bitcoin is cheap, investors seem to be biting their fingers with bitcoin prices, so they do not buy bitcoin in large quantities.

[Qartersa]

This is still because of the effect of Mt. Gox. It has definitely not sunk in yet, hence, you would have to admit of uncontrollable factors that are naturally inevitable. No matter how diligent and cautious you are as an investor, things like this really happen. I believe, though, Bitcoin partially recovered when it reached around $11,000 for quite sometime during the first quarter of 2018. That, alone, considering it mainstreamed to such value, is already an effort to redeem itself from the outrageous peak in 2017.

[motoprose]

I feel it always comes back even more stronger than ever.
Whenever people are saying it is a failed project or it will just die now it is facing these growing pains
I just say hey just wait a few hours kind of like the weather.
It always changes just like mother nature does.

[kingkonjac]

the tough time may be caused by the big whales who have sold the coins on the top when it was around 20k on the other hand the consecutive FOD made the lack of confidence in market.

[Doni Ariyanto]

If the price of bitcoin in the future will continue to decline maybe me or you all it's time to prepare our cash to buy some bitcoin as an investment in the future. Although I'm not so sure, definitely bitcoin will soon recover.
The one thing we have to keep doing is to continue to support the development of bitcoin under any circumstances.
Good luck.

[Aeneous]

A lot of people have sold coins which has increased the supply to be greater than demand. Once they start buying back in, the price will go up again.

[rartokens]

Since Jan, there was a lot of recommendations to buy bitcoin, but since then the price has gone down drastically.
Still, up to now, the same thing is played over and over again. What is the difference now?

Other than is cheaper now or it will be 50K in the future, could anybody has any good reason?

[joel123]

Bitcoin is going down now because a market cannot stay up forever the same way it can't stay down forever. It will always fluctuate and the price will always change.

[dado7]

Bitcoin is at the crossroad of SMA 200. Will it give in or not, that is the question?

Last month it hit that SMA 200 level and bounced. Will it repeat again?

no fud, no fomo, just a piece of information.

SMA 200 might be crossed and it would be a good selling signal, but otherwise, we can just chill down, it will bounce back to 20.000 again...... I think that lightning network + Segwit2x adoption could do the trick. Altcoins would (un)naturally follow.

[monkeydominicorobin]

You see lots of PR now because they know this is crucial level and they are looking for support.

Well Bitcoin didn't need PR for the past 10 years. It goes to show that you know nothing but create fake accounts and spew the same fake news.

[BitcoinHodler]

this is not really a tough time that bitcoin is facing, it is mainly the newbie investors who are facing the tough time instead. when people don't know what is going on in bitcoin market this is what happens.
for the rest of the investors this has only been a golden opportunity to buy cheaper coins and end up a bigger BitcoinHodler.

[CryptoJedi1]

I think it is a good time to invest and the news that we all are hearing about BTC going down are probably hoax.

[yana0901]

The maximum possible number of coins is strictly limited to 21 million Bitcoins. Since there are no political forces or corporations that can change this order, there is no possibility for inflation to arise in the system.