Bitcoin Bloodbath to End

[goldade]

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 really hope all these positive news are true because I have been holding for quite a while.
I bough bitcoins late last year when the price was about $16000 and since then I have been expecting a turn up in the price of bitcoin because panic selling it will result to a great loss and I believe no trader would love to run at a loss.
It's my prayers that the price of bitcoin increases greatly so that I can sell my bitcoins and then buy again

[akishang]

I think it is just normal to have dump in price like we experienced last week. The market analyst mentioned that some of the December 2017 investors has given up and sold their bitcoins. They were aiming to minimize their loss because they believe that bitcoin will drop again. I don't agree with that prediction because it shows on your post that there are a lot of changes that will entice the investors again. I think bitcoin will recover again and keep on increasing until December 2018.

[mostcrack]

Absolutely, it's just a matter of time to get up and show a positive trend for bitcoin, for now it's very difficult for bitcoin,To argue hot and long because the problem is not here, bitcoin just needs people who really hold on bitcoin, so it can make the market a bit busy.

[OfficialAmulet]

This question was posed with a very emotional tone, because real money, real individual savings are on the line. When bear markets set in its extra important to cold and rationale about who to trust and what rubric to use in accessing new projects.

[darkangel11]

You need to look at the production cost of Bitcoin as a floor that will either result in declining difficulty or a correction above production to maintain some form of margin for the miners.  We have seen it dip under this before when production was at $200 and it went under (about $170) for two weeks and then immediately bounced back up and continued its upward trend.

So we are already below that point. We should be sitting around 8000 USD at the very least to feel comfy and bullish. Personally, I find everything above 5000 USD to be bullish right now, although breaking the bottom at 6000 would be a sad moment for many people.
My predictions since February was that we'll hit double bottom at 6000 sooner or later, so last week's move didn't caught me off guard, but like I said, going below 6k out of the blue would be quite strange.

That time when we went below $200 was a real bloodbath with people were still thinking that Gox and China destroyed cryptocurrencies and no positive news to break the fall. those were the years of the silk road auctions, the bitstamp hack, BTC being widely called the worst performing currency and much more.

[btc78]

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.

lots of positive feedbacks huh?hope this will come to reality though for sure this means good effect as it is a booster for those hodlers whos npbeen waiting for more than months.the Chinese government is one of the awaited to promote positive feeds for bitcoin again.and the g20 to take effect anytime soon

[hualangktsld841]

As we all know, bitcoin has been massacre in the past few months. Maybe it will continue, maybe start to recover. But the recovery usually takes a while, and the news does not make the bitcoin surging immediately. The market is now a process of revaluation. Last year's ICO was too deep to hurt the encryption market.

[Noelbetty12]

As of this posting, Bitcoin had just stayed from almost or above 7,000$. The market is really going crazy. Very volatile by now. I just don't know where is it leading to. If it is dropping even more then it is possible that many will lose their money on investing bitcoins. I just hope the positive news will win over the fears of coin holders so that prices could become normal again.

[Alex Khvatov]

As of this posting, Bitcoin had just stayed from almost or above 7,000$. The market is really going crazy. Very volatile by now. I just don't know where is it leading to. If it is dropping even more then it is possible that many will lose their money on investing bitcoins. I just hope the positive news will win over the fears of coin holders so that prices could become normal again.

But also look at the kind of massacre affecting Wall Street! It had the worst April since the years of the Great Depression in 1929. There is hope that investors will flow out of stocks and diversify into crypto-assets. Especially, since you know, it makes sense to buy low

[Rizky Aditya]

Why so much news will cause the market to drop!

Many people have lost confidence in BTC, the market needs growth to gain confidence!

Today is April fool's day, the market is giving us a joke!

Good point about April Fool's day

Bitcoin is not something which you can take this way and that it is not a good idea to do so. It is really a very good opportunity for all of us and that it can change our lives in far better way and that you need to avail this opportunity not only for your own goodness but also for the goodness of your family and that it can surely give you a chance of making a much better living as well.

[gowron24]

Very interesting list of possible variables to keep an eye out for. Thanks for this short analysis, and yes, there is no doubt that crypto will rise, albeit with a corrected market cap.

[Kidmat]

Absolutely, it's just a matter of time to get up and show a positive trend for bitcoin, for now it's very difficult for bitcoin,To argue hot and long because the problem is not here, bitcoin just needs people who really hold on bitcoin, so it can make the market a bit busy.

Yes a matter of time of this market to rise again. As days has passed surely when good news pop up, this bloodbath would end. Yes bitcoin market needs those users who can stay and believes it's future to stand. However, with these good news we can view a good moves in the market.

[eaglewhite80]

Absolutely, it's just a matter of time to get up and show a positive trend for bitcoin, for now it's very difficult for bitcoin,To argue hot and long because the problem is not here, bitcoin just needs people who really hold on bitcoin, so it can make the market a bit busy.

What makes you think the market is not busy? It has been busy with fluctuations even in the downtrend and people are still holding while some are busy selling, and what we have now is just something that is necessary for the way forward whether we like it or not.
Usually the second quarter of the year is normally when decisions are made and with that, a lot of things will be affected which for now we are just keeping arms crossed. However, we have to understand that bad news travel faster than good ones, so we may take some time before we get to see the market recover.

[Chandler32]

I've seen so many threads like this and it doesn't really help since nobody can predict the future. People will always fear for their money as long as there are bad news around.

[izanagi narukami]

Actually this time most of bitcoin investor are looking for uptrend and I'm looking forward for bitcoin to reach higher than last year.
For who keep selling when bitcoin turn into red, better to see this event , the event that will change your decision to keep HOLD as long as possible !

[rickadone]

I think it is just normal to have dump in price like we experienced last week. The market analyst mentioned that some of the December 2017 investors has given up and sold their bitcoins. They were aiming to minimize their loss because they believe that bitcoin will drop again. I don't agree with that prediction because it shows on your post that there are a lot of changes that will entice the investors again. I think bitcoin will recover again and keep on increasing until December 2018.

Actually I see it as smart investors just seeing a lot of greed in the market last year and then deciding to opt out of the market knowing the outcome is always one that would not make sense after all. The market got highly speculative, we had a huge bull run, and that move drove us into a hard correction which we are still trying to find some consolidation for now.

They obviously will know when to get into the market when the time comes and they are just on the side of the fence watching in 3D. Being a true bitcoiner, I am eagerly awaiting for the day when bloodbath will be completely finished off. Fluctuations are good but this kind of complete downfalls are really hurting.

[SolomonSollarsNSense]

Why so much news will cause the market to drop!

Many people have lost confidence in BTC, the market needs growth to gain confidence!

Today is April fool's day, the market is giving us a joke!

Good point about April Fool's day

A lot of people will actually be an April fool if they end up not buying back into the market now at this dip as a result of panic. With the way things are going, it is getting obvious that trend is changing from negative news to positive ones and it usually happens that way before we start seeing trend changing to the upper one in the market. I believe a lot of news would be coming pretty soon and the weak hands that have been shaken off will really feel pity for themselves.

[n691309]

Those are some good news!!
Firms like Audi thinking seriously about entering into the crypto world can always launch the coin, at least in relation to popularity, which is a great thing!!
Now, to be honest, and, due to Bitcoin recent prices, recent ups and downs, I prefer to stay calm, to observe and to wait, for the market seems to work sometimes in a mysterious way!! Bitcoin is really low today, so I prefer not to deposit hope into the new goods, but stay calm and wait for the market to speak...

This is not a sure thing to give either bad or good impact on bitcoin and some cryptocurrencies,
We need to wait more time to see the effect, but one thing more that we don't want to see any time is those exchange closing and waving white flags because of those people and groups who want to regulate cryptocurrencies.

[Pelevelyl]

Great, because a lot of people have lost their money since the beginning of this year. Now let them have the opportunity to get their money back.

[Kemarit]

Those are some good news!!
Firms like Audi thinking seriously about entering into the crypto world can always launch the coin, at least in relation to popularity, which is a great thing!!
Now, to be honest, and, due to Bitcoin recent prices, recent ups and downs, I prefer to stay calm, to observe and to wait, for the market seems to work sometimes in a mysterious way!! Bitcoin is really low today, so I prefer not to deposit hope into the new goods, but stay calm and wait for the market to speak...

This is not a sure thing to give either bad or good impact on bitcoin and some cryptocurrencies,
We need to wait more time to see the effect, but one thing more that we don't want to see any time is those exchange closing and waving white flags because of those people and groups who want to regulate cryptocurrencies.

Looks like the what the OP mentioned has something to do with the start of the bullish sentiments around 1st or 2nd week of April that makes the price of bitcoin goes up even touching $9500 but went on other price correction. There are really a lot of great news to us, however, it was quickly buried when one negative news that will come along. However, we haven't heard anything yet that will significantly impact the price to go down again, so we might see the price testing the 5 digits before the end of the month.