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

[Angelia46]

At present in a bear market, so everything is possible, I still think the bitcoin will have a relatively sharp fall, so I still keep watching, I don't think that is a good time to buy the bitcoin.

[keycellko]

It is tough for bitcoin allright. There has been fud after fud, bad news after bad news, people shaking in the event of all negativity that came. Thus the fall of bitcoin price continues on. Many peolle against bitcoin like the government or the banks are riding this rollercoaster hell of a ride. I've been watching this from afar and i can see noone is doing anything to help.

[rartokens]

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.

Any views/insights on the current situation?

[zaverox]

Just keep calm, and bitcoin price will rise up again anytime soon. No need to worry so much, from history we learn that bitcoin crash and then rise again, it happened again and again. Whats the different now?

[jademacoy]

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.

This is the nature of the bitcoin market price movement. It is the second time fluctuation of it since last month that it reach to almost 11k usd and now and fall down at 8k usd. This is somehow a natural phenomenon where in fact bitcoin's lowest market price this year is 6k usd. Therefore it is nothing to worry about your investment. You are taking the investment and you should also assume its risk. So for now go on and forgot your investment anyway you could still earn that money though hardwork. This is somehow if the bitcoin will end then that is part of negativities in our life. Sad but we could also learn from it.

[readygoaw]

It is tough for bitcoin allright. There has been fud after fud, bad news after bad news, people shaking in the event of all negativity that came. Thus the fall of bitcoin price continues on. Many peolle against bitcoin like the government or the banks are riding this rollercoaster hell of a ride. I've been watching this from afar and i can see noone is doing anything to help.

Certainly, fake and bad news about Bitcoin make it fall. We must not support this panic and share the negative and false information. Just stay positive and tell your buddies everything good what you know about it.

[harbin55]

Bitcoin very complicated because its market value always fluctuates in the world trade market. 
Through the external factors it can easily change, the hard time in bitcoin is the first months of the year because it is the time where the market value falls down.

[Dudeperfect]

Yes, the biggest issue was the involvement of the big whales and institutional investors decided to pour a huge amount of money and exit soon without any long-term plan. Even if Bitcoin is a payment system in its core, market environment affects the growth in one or more aspects of this incident affected the routine cycle and situation is chaotic at the moment. However, I believe that things will recover soon and we will see sustainable growth for the rest of the year.

[cryptolet]

Bitcoin is actually facing a lot of challanges and touch times in its price and value because a lot of false information has been spread about bitcoin and this make some people to stop using bitcoin

[Adiba14]

Bitcoin is now in a tough time because there's a big mafia playing, selling all the bitcoins they've earned from the bitcoin scam website they had made last year, and also the falling XPY price is now also the cause of bitcoin down, Many HYIP sites underwent bitcoin investments that led to a scam, and now it's time for scammers to sell bitcoin from their scam.

[Rubesmatic]

one thing is for sure, you can not use Technical Analysis, Moving Average,... to predict bitcoin. bitcoin will move on its own accord. your TA may sometimes work but most of the times it won't. right now this is all unexpected, the FUD and the dumpings are crashing the price and it will continue to do so until the two opposite forces (the other is the buy support) cancel each other and price reverses back up until next FUD.

If anything TA helps you pick spots to buy..as opposed to buying each time the price drops a few hundred bucks.
Don't be so quick to cast away TA as it certainly plays a part in helping create buying targets on a drop like this.

[Roni116]

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.

Bitcoin has gone through many difficult situations from its inception to the present day, but bitcoin still survives. Bitcoin is not a fragile coin, bitcoin will be able to rise even in difficult situations.

[umar22pk]

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.

No doubt its tough time for bitcoin, after a short stability it’s going again down but it doesn’t mean market is crashing, but it’s time to buy bitcoin at low price.

As we saw in January 2018 bitcoin was at high price & defiantly it will cross this figure again, so in certain condition it’s a good time to but bitcoin.

[TheGodFather]

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.

Bitcoin is in a tough situation because realistically soeaking this hasn’t been a good start for the cryptocurrency let alone to bitcoin which has been considered the darling of the cryptocurrency market. I think that this has been affected by a lot of factors which is the banning of bitcoin by some of the major countries and players in the economy and financial sector. As such it has hit a slump that has scared and made panic to the community

[jonathancool220]

prepare your fiat money to buy more Bitcoin when it falls into the $ 4000 price. because many support at the rate of $ 4000. and if $ 4000 breaks then the support point is again at $ 2000.

but I hope not like that, because the market is not as beautiful as imagined it can be up and down.

[Wicked Sick]

I don't think the technical analysis is at play in the current market as what we are going through is a correction and until the market settles on a fair value for Bitcoin I don't think we are going to see the price recover. Also the Bitcoin market is just too volatile for the TA to properly work in this kind of market.

[CryptoCraze11]

The thing here is that this is not the first time that Bitcoin got into some stumbling blocks and I know this will never be the last as the cycle is just repeating itself. We already have established the history of Bitcoin...as they always say rejoice when Bitcoin is going down because this is the best opportunity to enter the market and some wild profits. Weeks from now, Bitcoin will be back at $11-12K level and those who bought their Bitcoin at today's rate will be happy for such an enormous return.

Btc started it's journey from 0.009 USD in 2009. We saw a btc collapse in 2014 when it fell back from 1000 to 200 USD and it took three years for btc to touch 19000 USD. I m sure the cycle will repeat itself again, All we need is patience.

[Kakmakr]

The thing here is that this is not the first time that Bitcoin got into some stumbling blocks and I know this will never be the last as the cycle is just repeating itself. We already have established the history of Bitcoin...as they always say rejoice when Bitcoin is going down because this is the best opportunity to enter the market and some wild profits. Weeks from now, Bitcoin will be back at $11-12K level and those who bought their Bitcoin at today's rate will be happy for such an enormous return.

Btc started it's journey from 0.009 USD in 2009. We saw a btc collapse in 2014 when it fell back from 1000 to 200 USD and it took three years for btc to touch 19000 USD. I m sure the cycle will repeat itself again, All we need is patience.

There are not really cycles in Bitcoin, it is just a pattern that repeats it self over and over, but the time period differ from year to year, so there is no fixed cycles. It goes down for a while and then it turns around and a correction phase follow with a ATH and a sudden dump. This pattern skip some years, so you cannot rely on it to follow a specific cycle.

This might be the turning point, but we do not know and that is where the fun starts. 

[bitcoinman93]

The thing here is that this is not the first time that Bitcoin got into some stumbling blocks and I know this will never be the last as the cycle is just repeating itself. We already have established the history of Bitcoin...as they always say rejoice when Bitcoin is going down because this is the best opportunity to enter the market and some wild profits. Weeks from now, Bitcoin will be back at $11-12K level and those who bought their Bitcoin at today's rate will be happy for such an enormous return.

Btc started it's journey from 0.009 USD in 2009. We saw a btc collapse in 2014 when it fell back from 1000 to 200 USD and it took three years for btc to touch 19000 USD. I m sure the cycle will repeat itself again, All we need is patience.

There are not really cycles in Bitcoin, it is just a pattern that repeats it self over and over, but the time period differ from year to year, so there is no fixed cycles. It goes down for a while and then it turns around and a correction phase follow with a ATH and a sudden dump. This pattern skip some years, so you cannot rely on it to follow a specific cycle.

This might be the turning point, but we do not know and that is where the fun starts. 

either way, I'm eagerly waiting for that turning point and see how many cheap coins I can get in the meantime. I really enjoy this dip, gives a lot of buying opportunities

[coinnumber]

Bitcoin is facing tough time because most of us who are involved in cryptocurrency most especially the beginners speak so bad about BTC and it makes people lose interest in it, most investors now prefer investing and trading on ICO coins why the bitcoin holders dump it because they are panicking about the recent huge market crash which is not supposed to be. I advise we promote Bitcoin positively instead of criticism.