Is this a good opportunity to buy or huge risk to lose money

[imapessimist]

I am 50/50 on this.  Is it a good chance to buy and we won't see 6k again or is it a huge risk and it might crash to 2k or even to nothing.   Are people buying now or just watching and waiting.  There does seem a big volume of Bitcoin changing hands today compared to the last couple of weeks.  Are they buying or selling.  Why has it gone down so much at the moment.  So many questions and few answers.  I think it's looking a very risky business at the moment.

[1714103930]

1714103930

[1714103930]

1714103930

[1714103930]

1714103930

[BrewMaster]

There does seem a big volume of Bitcoin changing hands today compared to the last couple of weeks.

well based on this, you are someone who either makes random guesses or doesn't know how to gather information properly! not that it matters but today and yesterday was two days with biggest volume after a long time!

as for your question you better stay away for the time being since another one of these misinformation and you will be panic selling at a big loss.

[sjefdeklerk]

People don't use their brains. I mean, come on, btc failed as a payment system, it doesn't scale, LN is a joke, that will never work, less and less shops are offering it, transactions are still declining, social media platforms are banning it and quite a few countries banned it already and it's doing a HORRIBLE job as a 'store of value'. I mean what's there to like? Why would anyone want to buy this crap? All those idiots here who are long 'because bitcoin always goes up' are getting KILLED.

I'm short at $18.000 and am going to ride this crap to <$2500. It's not too late, you can still short it here and make good money. In fact, chances are it's going even way lower than $2500.

[Tyrantt]

People don't use their brains. I mean, come on, btc failed as a payment system

Because people started using it more as an investment asset rather than a currency.

less and less shops are offering it, transactions are still declining, social media platforms are banning it and quite a few countries banned it already

Read above. What do you mean declining? Fee is basically nothing and transactions don't get stuck. No, social medias are banning ICOs adds, because 90% are scams and if I were to have a huge social network, I'd ban ICO adds as well. Countries like China where basically everything is banned besides breathing?

I'm short at $18.000 and am going to ride this crap to <$2500. It's not too late, you can still short it here and make good money. In fact, chances are it's going even way lower than $2500.

<$2500 based on what?

[DPoS2]

Let's see..  a big Whale sets up to lend out half his coins for people to short...  he makes interest on the lending.  Then he sells his other half to force the price down and send everyone into avalanche mode.... especially with coordination of a few other Whales

Then once he sees his lent out coins get covered he knows it is time to buy back his other half of coins and end up with even more coins and money then before...

This isn't new..  just look at the Gold/Silver market..  the rigging of Libor..  etc

[Ridwan Fauzi]

When invested in cryptocurrency is not risky? You buy when the price deep I'm sure I will not say it's a good way or it's not a risky. You will find a risk everytime if you have a bad strategy and you just know invested in cryptocurreny is promissing.

I'm not seem the price goes down to $6000 before since I know the world of crypto especilly bitcoin. I seem now is the deep price, so you have a good choice for buy this time, learn more about analys bitcoin price and you will find profit, I'm sure for that.

[LoyceV]

I'm short at $18.000 and am going to ride this crap to <$2500. It's not too late, you can still short it here and make good money. In fact, chances are it's going even way lower than $2500.

Shorting is a self-fulfilling prophecy: if enough people sell borrowed Bitcoins, the price drops. But by the time they have to buy them back to close their positions, the price starts rising. And the last people to close their short positions will have to buy back at a loss.
The same happens in the opposite direction when the price goes up. I admit I should have sold more there

To answer OPs question: it's always a good opportunity to buy, and there's always a huge risk to lose money. Just like there's always a huge chance to earn money.

[airdagon]

I am 50/50 on this.  Is it a good chance to buy and we won't see 6k again or is it a huge risk and it might crash to 2k or even to nothing.   Are people buying now or just watching and waiting.  There does seem a big volume of Bitcoin changing hands today compared to the last couple of weeks.  Are they buying or selling.  Why has it gone down so much at the moment.  So many questions and few answers.  I think it's looking a very risky business at the moment.

on the basis of it, the general rule of business buying or selling or investment is profit and loss. everything goes back to ourselves, our predictions and our research on cryptocurrency. actually Ball is in your court, I myself do not know if this is the right time or not, obviously many people are talking about now is the right time to buy.

[bozo333]

I am 50/50 on this.  Is it a good chance to buy and we won't see 6k again or is it a huge risk and it might crash to 2k or even to nothing.   Are people buying now or just watching and waiting.  There does seem a big volume of Bitcoin changing hands today compared to the last couple of weeks.  Are they buying or selling.  Why has it gone down so much at the moment.  So many questions and few answers.  I think it's looking a very risky business at the moment.

It is your perspective because I believe 100 percent it is right time to buy Bitcoin. Because all the cryptocurrency down I accept but some issues are occur in the market it will down. So again this problem is resolve in soon. We should wait for one or two months every problems are slowly decrease in Crypto platform.

[sjefdeklerk]

Because people started using it more as an investment asset rather than a currency.

Wow, been a great investment since December. Sure, people who bought more than a year ago still have huge profits, but they will be underwater soon too. Just watch.

[Canis Majoris]

I am 50/50 on this.  Is it a good chance to buy and we won't see 6k again or is it a huge risk and it might crash to 2k or even to nothing.   Are people buying now or just watching and waiting.  There does seem a big volume of Bitcoin changing hands today compared to the last couple of weeks.  Are they buying or selling.  Why has it gone down so much at the moment.  So many questions and few answers.  I think it's looking a very risky business at the moment.

I don't know whether it worth buying now, and I think no one knows that for certain, but if there is a big trading volume it means that some people are selling while other people are buying in massive amounts. It is impossible for any asset to be only sold or bought. There is always a buyer and a seller in a trade. However, if the price goes down, it means there are not enough buyers at the current price, and to process the outstanding supply, the price needs to go down.

Obviously, it works in reverse as well.

[Fen1ks11]

I think, near 2-3 years untill 2020 we will see btc for 1k-3k$,Downtrend started just now, and will be so long..

[Lieldoryn]

I am 50/50 on this.  Is it a good chance to buy and we won't see 6k again or is it a huge risk and it might crash to 2k or even to nothing.   Are people buying now or just watching and waiting.  There does seem a big volume of Bitcoin changing hands today compared to the last couple of weeks.  Are they buying or selling.  Why has it gone down so much at the moment.  So many questions and few answers.  I think it's looking a very risky business at the moment.

I don't know whether it worth buying now, and I think no one knows that for certain, but if there is a big trading volume it means that some people are selling while other people are buying in massive amounts. It is impossible for any asset to be only sold or bought. There is always a buyer and a seller in a trade. However, if the price goes down, it means there are not enough buyers at the current price, and to process the outstanding supply, the price needs to go down.

Obviously, it works in reverse as well.

It seems to me that ordinary people had never had much importance on the price of bitcoin. A lot of millionaires and billionaires believe in the anonymity and the decentralization of bitcoin and have started to buy the currency. Perhaps they are now leaving the market and this is the reason for such a rapid decline in prices. But everything can resume so I will keep my bitcoins.

[gentlemand]

Why does it always have to be so resolutely binary? Selling all or buying all may both be hideous moves right now. Either sit back and watch, or dollar cost average. The trend you wish for will come around eventually.

[dothebeats]

I'm just waiting on the sidelines currently, and with the way how things are going right now, it;s obviously not the best time to buy right now. This isn't like the February crash that had us at $6000. It feels more subtle compared to that crash, which makes me worry about this being a gradual decline over the course of a few weeks. There also seems to be no signs of life from the bulls in the mean time and the overall market sentiment is negative.  Strings of negatively-interpreted news also contributed to the gloom we are facing right now. Best thing to do is to don't do anything yet.

[Sictalfia]

There does seem a big volume of Bitcoin changing hands today compared to the last couple of weeks.

well based on this, you are someone who either makes random guesses or doesn't know how to gather information properly! not that it matters but today and yesterday was two days with biggest volume after a long time!

as for your question you better stay away for the time being since another one of these misinformation and you will be panic selling at a big loss.

I think by the end of the year, there will be more companies adopting the bitcoin. The price could rise as a result. I will buy some now.

[PuertoLibre]

At the end of year the only thing matters is profit on your portfolio tracker. Never risk money more than you cant afford to lose. This bear market is best time to  grow portfolio but this firesale will not last for long time.

[samycoin]

I am 50/50 on this.  Is it a good chance to buy and we won't see 6k again or is it a huge risk and it might crash to 2k or even to nothing.   Are people buying now or just watching and waiting.  There does seem a big volume of Bitcoin changing hands today compared to the last couple of weeks.  Are they buying or selling.  Why has it gone down so much at the moment.  So many questions and few answers.  I think it's looking a very risky business at the moment.

That's true it's risky now to invest because we not know what will happen to the price of bitcoinnits either going up or down. Lot of us always look the market if what will happen if bitcoin will go down under $6000. And i wish that bitcoin will rise up instead of going down.

[Canis Majoris]

I'm just waiting on the sidelines currently, and with the way how things are going right now, it;s obviously not the best time to buy right now. This isn't like the February crash that had us at $6000. It feels more subtle compared to that crash, which makes me worry about this being a gradual decline over the course of a few weeks. There also seems to be no signs of life from the bulls in the mean time and the overall market sentiment is negative.  Strings of negatively-interpreted news also contributed to the gloom we are facing right now. Best thing to do is to don't do anything yet.

That's what I'm thinking myself. We are basically repeating events of 2014, though at a somewhat accelerated playback. Back then, the price also had made a few major rebounds on its way to the bottom. However, I can't fully agree that we shouldn't do anything because volatility is not going away. But volatility is the best friend as well as the worst enemy of a trader, depending on which side of the trade you are on, right or wrong.

[Kingofbitcoin12345]

That decision is highly dependent on your strategic attitude toward investing..

 First: If you think the future of bitcoin is still worth the risk then why not buy now at 68000$ and when it go back at any price higher then profit is possible..

 Second: If you’re doubtful and to risk your money for a coin you don’t trust,, why not run away and wait for signals that your comfortable again..

Those are just an option we can take,, I do take the first and hold than regret not trying..