what can it mean "death cross" to bitcoin?

[rillater]

I have read a news that has left me somewhat worried:
"Bitcoin prices dropped more than 5% in early trading Thursday to slip below the $7,500 mark. Thursday morning's decline sent bitcoin to its lowest price since early February, bringing 2018 losses to as much as 48% in earlier trading. This quarter's major decline is the largest in the span of a single three-month period since 2011. The decline Thursday brought bitcoin close to breaking below its 200-day moving average as well. Should bitcoin reach close to $7,240, the cryptocurrency's 50-day moving average could break below its 200-day moving average, a phenomenon traders refer to as the "death cross." According to Coindesk's statistics, bitcoin fell as low as $7,330 Thursday, putting it within striking distance of the ominously named technical level."
Should we worry if a death cross occurs?

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[HeRetiK]

Depends on your investment horizon.

If you're thinking short- to mid-term, you might have a problem. If you're thinking long-term or based your investments on the fundamental properties of Bitcoin rather than its price, this shouldn't concern you. Either way, buckle up.

We are undeniably in a bear market right now. The Death Cross confirming it would merely state the obvious.

[Tnt1971]

I have read a news that has left me somewhat worried:
"Bitcoin prices dropped more than 5% in early trading Thursday to slip below the $7,500 mark. Thursday morning's decline sent bitcoin to its lowest price since early February, bringing 2018 losses to as much as 48% in earlier trading. This quarter's major decline is the largest in the span of a single three-month period since 2011. The decline Thursday brought bitcoin close to breaking below its 200-day moving average as well. Should bitcoin reach close to $7,240, the cryptocurrency's 50-day moving average could break below its 200-day moving average, a phenomenon traders refer to as the "death cross." According to Coindesk's statistics, bitcoin fell as low as $7,330 Thursday, putting it within striking distance of the ominously named technical level."
Should we worry if a death cross occurs?

Every buissness has two side profit and loss. Now bitcoin passes it's journey through a dangerous line. Every day bitcoin price falling and people becoming astonishing and worried.but I think and hope that next month bitcoin price will increase.

[avikz]

I have read a news that has left me somewhat worried:
"Bitcoin prices dropped more than 5% in early trading Thursday to slip below the $7,500 mark. Thursday morning's decline sent bitcoin to its lowest price since early February, bringing 2018 losses to as much as 48% in earlier trading. This quarter's major decline is the largest in the span of a single three-month period since 2011. The decline Thursday brought bitcoin close to breaking below its 200-day moving average as well. Should bitcoin reach close to $7,240, the cryptocurrency's 50-day moving average could break below its 200-day moving average, a phenomenon traders refer to as the "death cross." According to Coindesk's statistics, bitcoin fell as low as $7,330 Thursday, putting it within striking distance of the ominously named technical level."
Should we worry if a death cross occurs?

Probably No! For any real world stock, this term of death cross applies. I am not sure about the crypto currency though, because it moves based on the free market decision and technical analysis doesn't hold much significance in crypto market. However, looking at the current price movement, short term profit seekers may start worrying because they are unable to see the opportunity it possess.

Buying bitcoin in this market is the best thing anyone can think of. The market is overwhelmed with supply and the price is low. So if you have long term outlook for bitcoin investment, think no more! Go ahead and buy in bulk without thinking much about the technical analysis and related jargon like "Death Cross". When public sentiment comes in to play, technical analysis looks like a very stupid tool.

[fatirborju]

I think everyone who joins bitcoin certainly have their own worries, but it all depends on them, some respond to the bitcoin price decline so anxious that they worry about death, I think the decline and price increase is normal in the international market in bitcoin, I think you do not have to worry too much because I'm very sure bitcoin will not die ...

[Red-Apple]

it doesn't mean anything.
people keep coming up with these names to describe things they can not describe and then make themselves feel a little better about things. the fact is all of it is completely meaningless and in this case it was mainly created to spread some FUD about bitcoin.

[Kakmakr]

"death cross" or not, we are going to the moon soon. Let people worry about this and sell their coins to us, we are more than willing to buy all these cheap coins.

 Traders are over analyzing things and they work up a sweat about the details. Bitcoin is not like any other commodity that I have ever traded, so you have to look outside of the little box, when you trade bitcoins. We are breaking all the rules and the things that were normal before.

[Juggy777]

I have read a news that has left me somewhat worried:
"Bitcoin prices dropped more than 5% in early trading Thursday to slip below the $7,500 mark. Thursday morning's decline sent bitcoin to its lowest price since early February, bringing 2018 losses to as much as 48% in earlier trading. This quarter's major decline is the largest in the span of a single three-month period since 2011. The decline Thursday brought bitcoin close to breaking below its 200-day moving average as well. Should bitcoin reach close to $7,240, the cryptocurrency's 50-day moving average could break below its 200-day moving average, a phenomenon traders refer to as the "death cross." According to Coindesk's statistics, bitcoin fell as low as $7,330 Thursday, putting it within striking distance of the ominously named technical level."
Should we worry if a death cross occurs?

Yawn! Stop believing such articles they're nonsense and do you no good, everyone wants to hype the downfall of bitcoins and it's not true at all. Bitcoins sentiment is low but not the end one just needs to be careful not to believe such stupid ideas. I feel it's only a matter of time before it bounces up and now it's already bouncing so be happy it's rising.

[Dapper]

A better question is:  what does "death cross" even mean?    It sounds like crossing a road without looking left and right or perhaps some kind of jaywalking law.

[YuginKadoya]

It can go even bellow $6500 mark but I consider $7000 USD as the bottom what I am saying here is I surely am just speculating it and don't want the price to stumble down any further the bottom that I mark, But considering the price now we can have a $6500 bottom or even worst than that so buckle up because it's gonna be a dumpy ride for all investors that wants to take out their bitcoin on their wallet because of fear of losing so much money.

[mifanmuzny]

Bitcoin 'Death Cross', Sniperstube remains hopeful that this is a Bear Trap and that the RSI is oversold hinting a bottom soon which will confirm the double-bottom correction which will put an end to the correction.

[mifanmuzny]

It can go even bellow $6500 mark but I consider $7000 USD as the bottom what I am saying here is I surely am just speculating it and don't want the price to stumble down any further the bottom that I mark, But considering the price now we can have a $6500 bottom or even worst than that so buckle up because it's gonna be a dumpy ride for all investors that wants to take out their bitcoin on their wallet because of fear of losing so much money.

Personally what i think is some big fishes wanna get in on BTC and they are pulling all the gemics to buy at a very low DIP... HODL

[Xavofat]

Technical analysis is very difficult for Bitcoin.  In most investments, people use technical analysis in the long-term alongside detailed fundamental analysis, but a lot of articles about Bitcoin focus solely on TA.

Also, most of the technical analysis people attempt on Bitcoin is intended to be used for longer time-frames - usually over a year - and yet people often use it for as little as a couple of months.

In the case of the death cross, even though it's objective whether it happens or not, it's still hard to tell how relevant it actually is to predict the future Bitcoin price since so many different technical signals can be used.

[Jet Cash]

Bitcoin is a unique phenomenon, and there is no precedent. Charts may be useful to check short term trends, and even to discover buying opportunities, but they are of no use for long term predictions in my opinion. There are so many outside influences, and attempts to manipulate the price, that one needs to watch and understand the political news more than the charts.

I believe that Bitcoin may well be pushed lower for a variety of reasons, but if you look at the people and organisations that are acquiring Bitcoin for long term investment, then you will probably believe that at some time, probably later this year, buying pressure and FOMO will push the price of Bitcoin to new heights.

[buburjelly]

Feel worried may be but do not panic because the market conditions crypto is being bearish so you do not fight the current from the current price of crypto. We wait for a good momentum to make a buyback because seen from the previous history of death across the decline never exceeds 10% of the support before the last pumping.

[Yakapo]

The name is meant to scare you and insinuate that the end of BTC has come, from wherever you heard this? authenticate it and make your own evaluation of if the claim is reasonable, most of them are just misleading tactics

[Blackrain13]

I have read a news that has left me somewhat worried:
"Bitcoin prices dropped more than 5% in early trading Thursday to slip below the $7,500 mark. Thursday morning's decline sent bitcoin to its lowest price since early February, bringing 2018 losses to as much as 48% in earlier trading. This quarter's major decline is the largest in the span of a single three-month period since 2011. The decline Thursday brought bitcoin close to breaking below its 200-day moving average as well. Should bitcoin reach close to $7,240, the cryptocurrency's 50-day moving average could break below its 200-day moving average, a phenomenon traders refer to as the "death cross." According to Coindesk's statistics, bitcoin fell as low as $7,330 Thursday, putting it within striking distance of the ominously named technical level."
Should we worry if a death cross occurs?

      No. I think every bitcoin investors has a different view ,beliefs and vision about what happen to bitcoin price since the beginning of this year 2018. Mostly now are worried but those investors tha has a positive mind will not worried instead they grab this opportunith to buy more and invest more because they look forward to a positive outcome after this bitcoin fluctuation.

[Lampaster]

I find it funny when people use terms such as the cross of death. It seems to me that it is a cross of mind. You still have not realized that bitcoin does not accept standard templates. The price of bitcoin is influenced by a large number of subjective factors and the lack of regulatory mechanisms on the exchange makes the price of cryptocurrencies unpredictable.

[bct-72]

Too many speculations drops price.

[samiraetn]

Bitcoin price is falling down remarkably. But this is not permanent. If you remember, you can see that bitcoin price was below $500 once. It rose gradually. Now it is going down so. But it will start its journey to up soon. Most probably, by the end of this year.