Bitcoin Bloodbath to End

[Cindykhato]

Bitcoin is not always red days, surely in near weeks bitcoin price will continue to recover. The price will go well, until people choose to stay holding bitcoin we habe nothing to fear about its future. Bitcoin price is ever changing, you dont have to be surprised very time there is a sudden change in value wethee going red or green, just be motivated of the fact that bitcoin price will go to the moon in the future.

Yeah I agree on you mate, we just need to be patient that the market will reverse the situation and make a good rally to push the price higher. Remember that bitcoin can make a good rally same as what happened last year.

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[abramovant]

I am still seeing drops only in bitcoin prices. This year had been very bad for crypto if we compare to last year.

[nl247]

I am still seeing drops only in bitcoin prices. This year had been very bad for crypto if we compare to last year.

Sorry, but you cannot expect every day to be Christmas or expect bitcoin to just keep going up without any form of retracement. It is a market, and nothing is always going to be guaranteed, it is just a pity that a lot of people listen to speculations, which ends up making them to join FOMO like we had last year with the hope that yeah, they are going to be getting very rich in few minutes and all these things would always give birth to weak hands. We need to start seeing cryptocurrency in general for what they are but not as a way to get rich quickly and that mentality makes it so easy for the whales or institutions to play with the mind of premature investors.

[PvUtrix]

The blood bath will not happen any more, when most people on Earth hold some bitcoin. The market penetration is still very low.
Go out and educate people, so they buy and hold even a tiny bit

Do you think these graphs are accurate? Is it really 0.01% on average and Netherlands leading with 0.02% ?

https://infogram.com/bitcoin-market-penetration-1gge9m83r4eopy6

[rickadone]

bitcoin needs to suffer hard, until it would be accepted worldwide, this is very logic and simple truth about it

Well, I am not sure what you are actually implying by suffering hard but one thing I certainly know though is that bitcoin really need to be accepted as a currency than just an asset that is purely speculative or else we are just going to keep seeing all these processes recycling itself over and over and over again.

This is not a get rich quick scheme as some people always assume it to be, it is far more, and until a lot of people started understanding the real usefulness before they would know they should hold on tight no matter what or find ways to play with the fluctuations as a trader than panicking over nothing.

[CVerification]

I am still seeing drops only in bitcoin prices. This year had been very bad for crypto if we compare to last year.

Could be worse

[ShineftChaos]

bitcoin needs to suffer hard, until it would be accepted worldwide, this is very logic and simple truth about it

No its not, the government can always make choice, they can instantly legalize cryptocurrency on every country but the only problem is that, most of the countries cannot handle the growth of bitcoins and their economy might crash if every people will not place their money on banks.

[darkangel020716]

I am still seeing drops only in bitcoin prices. This year had been very bad for crypto if we compare to last year.

Sorry, but you cannot expect every day to be Christmas or expect bitcoin to just keep going up without any form of retracement. It is a market, and nothing is always going to be guaranteed, it is just a pity that a lot of people listen to speculations, which ends up making them to join FOMO like we had last year with the hope that yeah, they are going to be getting very rich in few minutes and all these things would always give birth to weak hands. We need to start seeing cryptocurrency in general for what they are but not as a way to get rich quickly and that mentality makes it so easy for the whales or institutions to play with the mind of premature investors.

That is true, speculations are just speculations, people need to understand that bitcoin is not always on its glory stage, it has some crisis too, Dont expect too much to a currency which is changing its value from time to time, The most realistic holders of bitcoin must think this way that, risking to a trustworthy coin is not a waste of time, it is profitable in long term method.

[kalawang]

Evidently, the market is looking negatively on Bitcoins and altcoins at this moment. However, that trend is about to come to an end. There are a number of great bullish developments:

REGULATORY

+ Positive G20 Financial Summit stance

+ Chinese regulatory posturing to clarify soon, as Deputy Governor of the People's Bank of China (Fan Yifei) noted

+ Lightning Network and SegWit increase legal recognition of digital currencies

+ Seoul Mayor aiming to launch the capital city's own crypto and establish better environment for blockchain startups

INFRASTRUCTURE

+ CBOE support for Bitcoin ETFs

+ T-Mobile tech support for distributed ledgers

+ Coinbase announcing upcoming support for ERC20 tokens

SOCIAL SENTIMENT

+ MailChimp has clarified that its stance against cryptocurrency ads to not include accounts that disseminate crypto-related information

+ Leading analysts (such as Abra CEO Bill Barhydt, Fundrstrat's Thomas Lee) are bullish about the year end target of $25,000 for BTC

+ Major Polish bank will implement a blockchain document storage system

+ Audi has announced that it is exploring the use of blockchain to enhance its distributional network

+ Morgan Stanley releasing a report and commenting that they are expecting BTC to rise, and this is just a temporary slump

ECONOMIC

+ Analysts predict that institutional investors will capitalize on the temporary slump

Yes - the market is volatile, but we all knew that. I don't think there should be a shadow of a doubt that bitcoin will rise again.

I  feel free country. The best time of that. The problem with this day, but even if they have to do that for all over the world. The problem is not a bubble bath and the road that bitcoin will pump again soon. Cause we should hold on our taxes. I am enjoying the world at the future. I think the best thing that you can do on your savings.

[DosPower]

At this point positive news from the outside don't seem to mean much. It does seems that whales control the market. They might use the news to start doing things, but overall I think they have the power.

[kalawang]

Bitcoin is not always red days, surely in near weeks bitcoin price will continue to recover. The price will go well, until people choose to stay holding bitcoin we habe nothing to fear about its future. Bitcoin price is ever changing, you dont have to be surprised very time there is a sudden change in value wethee going red or green, just be motivated of the fact that bitcoin price will go to the moon in the future.

Yeah I agree on you mate, we just need to be patient that the market will reverse the situation and make a good rally to push the price higher. Remember that bitcoin can make a good rally same as what happened last year.

Cause bitcoin can lift, every time for me but we should do it. I am enjoying a countries, the future. I am enjoying a new cryptocurrency and technology in the right now is to invest it in your own site for the bull and I lean towards to disappointments of that is their

[AjithBtc]

Each user were speculating in a positive manner believing that bitcoin will grow and get out of the bloodbath. Quite often it looks like a recovery, but in no time once again the price fall happens taking the price of bitcoin along with altcoins fall low in value which also leads to the fall of the entire capital.

[winterland]

Yes many good thing are coming and support cryptocurrency. I believe in few month we could see bitcoin grow. There is even good support from korea that supreme court in south korea say that bitcoin is a legal asset. It sure a good news for us cause i believe this would make more investors come to invest on bitcoin in south korea.

Things are not going to improve that soon, people need to understand this, my intention is not to be negative but to open the eyes of people that seem to be forever trapped in a state of positivity, there are going to be difficult times in any market and this is one of those moments and it is very likely this bear market last at least until the end of the year with the possibility of being longer than that.

[raven7886]

We've been waiting for bitcoin to get back to $10,000 but it seems tired and can't move forward as of now.

People expect too much from the market, which is the main obstacle, not the demand. If everyone just accepts that the pump to $20,000 was an artificial increase, people will start to appreciate current levels more.

We aren't even all that far away from the fake pump of last year. Bitcoin 'only' needs to jump up with 160% from current levels to reach an extremely hyped and overbought market peak.

If you think about that, you'll realize that $7600 might still be somewhat on the higher side, and not low as some people here think it is. If anyone here thinks $7600 is low then use that as an opportunity to buy some coins.

Bitter truth. One reason why this market to keep being like this most especially until we start seeing virtually most of the people all around the world seeing bitcoin as a proper means of currency for transactions purposes and easy one most especially when making international transactions than how they see it now as a speculative asset.

That mindset that a lot of people have with bitcoin getting them rich overnight is just way absurd and that would keep bringing about the issue we have with a lot of panic fingers in the market.

[ukloon]

Sadly it hasn't ended yet, but i'm sure it will in the next few weeks. It was unfortunately that coinrail got hacked as it reduces confidence in the markets. Hopefully we will get some good news from big investment companies that will pump the markets again

[taiwww]

Looks like this did not work at all. No one knows what really is going to happen and why this did not affected the current scenario of the crypto currency. Though all the good news were in line then also they did not move the price upwards a bit also.

Now it looks like that crypto currency is just correcting itself as the market gotten into heavy pumps last year. So this one is clearly case of course correction and nothing else. So doesn't matter whether it is successfully launched G20 summit or some other countries accepting the crypto currencies legally and pouring money into it.

[Nhor1011]

 Sometimes market is witty and always testing the patience of all of us. If we don't have patience ,we will be a loser but if we have a lot of patience and positive mind we  will be a winner here in crypto world.Despite of the current situation of crypto market i believe it will rise soon and hoping that before end of this year bitcoin will increase more than the price reached last year 2017.

[Ilegendph]

Evidently, the market is looking negatively on Bitcoins and altcoins at this moment. However, that trend is about to come to an end. There are a number of great bullish developments:

REGULATORY

+ Positive G20 Financial Summit stance

+ Chinese regulatory posturing to clarify soon, as Deputy Governor of the People's Bank of China (Fan Yifei) noted

+ Lightning Network and SegWit increase legal recognition of digital currencies

+ Seoul Mayor aiming to launch the capital city's own crypto and establish better environment for blockchain startups

INFRASTRUCTURE

+ CBOE support for Bitcoin ETFs

+ T-Mobile tech support for distributed ledgers

+ Coinbase announcing upcoming support for ERC20 tokens

SOCIAL SENTIMENT

+ MailChimp has clarified that its stance against cryptocurrency ads to not include accounts that disseminate crypto-related information

+ Leading analysts (such as Abra CEO Bill Barhydt, Fundrstrat's Thomas Lee) are bullish about the year end target of $25,000 for BTC

+ Major Polish bank will implement a blockchain document storage system

+ Audi has announced that it is exploring the use of blockchain to enhance its distributional network

+ Morgan Stanley releasing a report and commenting that they are expecting BTC to rise, and this is just a temporary slump

ECONOMIC

+ Analysts predict that institutional investors will capitalize on the temporary slump

Yes - the market is volatile, but we all knew that. I don't think there should be a shadow of a doubt that bitcoin will rise again.

The bitcoin bloodbath has already ended but the problem is with its recovery. If only these kind of news will be spread across the internet and much faster than the negative publications then bitcoin could already started to increase in value. But its just a matter of time that this good news will be passed to other users then surely we just need to wait and hold for the moment.

Most of the time many investors ignore this kind of news because they much focus on what is the next step of the government. We can't blame them becausw after all its their money and also their duty to follow the law imposed to them. But for people that their country has already legalized cryptos then they will enjoy this kind of development and might help to increase its value.

[glowing10]

bitcoin needs to suffer hard, until it would be accepted worldwide, this is very logic and simple truth about it

The fall is just temporary and once the small rise starts to happen all those who are staying away or saying negative about it will the first one to jump in to make profits and then will start praising as they have made money from it. So it is just small phase of the fall.

[Altero]

bitcoin needs to suffer hard, until it would be accepted worldwide, this is very logic and simple truth about it

Maybe we could say this is just a test for Bitcoin how strong it is. We knew isn't totally stabilized nor it is fully accepted by the community but I believe it will survive for these. Bloodbath will come to an end soon and recognized crypto benefits to us. Since bitcoin is struggling difficulties it is better to stay calm and don't makes complain.