Bitcoin Bloodbath to End

[BitHodler]

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.

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[sclmte]

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.

Can't blame also some people won't look into huge change coming and just keep on complaining cause of its volatility. It surely market will sooner have a market bull run and those people who are still holding bitcoin will surely make a huge money.

[dark08]

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.

Can't blame also some people won't look into huge change coming and just keep on complaining cause of its volatility. It surely market will sooner have a market bull run and those people who are still holding bitcoin will surely make a huge money.

Hoping it will come sooner or later to take some good return after holding bitcoin, the situation can be change in a short period of time since bitcoin is volatility the good is you can buy it in a low price, right now the market gain a little bit increase waiting to touch the $8k level.

[Omegasun]

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.

Can't blame also some people won't look into huge change coming and just keep on complaining cause of its volatility. It surely market will sooner have a market bull run and those people who are still holding bitcoin will surely make a huge money.

Hoping it will come sooner or later to take some good return after holding bitcoin, the situation can be change in a short period of time since bitcoin is volatility the good is you can buy it in a low price, right now the market gain a little bit increase waiting to touch the $8k level.

Many holds bitcoin for long time since we want to see the ATH again but blood days keeps on going in the start of the year, we hope eventually that we can see more green up to december, the price were still too low especially if we both it just last quarter of the year.

[winterland]

If that is so that's a very good news to everyone.

Bitcoin is not always red days, surely in near weeks bitcoin price will continue to recover.

But earlier it was always on red days and that's why many are disappointed.

Hope it returns back to normal track and starts growing towards $10K by end of June 2018. Last year growth has began in mid of July and hope so the trend begins this year as well. At least there should be a double growth hitting minimum $30K by end of December 2018. The blood path is really a good chance to buy as much as we can. Wish to utilize this situation and gather coins.  

We've been waiting for bitcoin to get back to $10,000 but it seems tired and can't move forward as of now. If about the last year's growth, there has been good movement by June and the rest was followed with positive actions. We can't think of anything right now but as long as bitcoin isn't reaching new high it's still a good time to buy no matter what happens, we're all hoping it will come up again.

The current prices are a steal if you have some money to spend then this is the perfect time to invest in cryptocurrencies, I know that many people are still afraid because of what happened but investing is about taking risks and this is about as low as a risk as you can take and still make great profits so I envy those that have the cash to invest right now, they can make some incredible deals.

[Pumapipa]

We really can't wait for this bloodbath to end. I guess this is just a season they should come to pass. It is not always bitcoin bubble burst all the time. For the meantime that prices are down, we must all the more invest so that pumps can be experienced. Let us wait for the last quarter of the year to see if we can reap the harvest for bitcoin. Our hopes up for this.

[Sircoss]

 actually there is many obstacles here on it's way but I believe he would overcome all those and finally became a worldwide currency

[Lpim01]

actually there is many obstacles here on it's way but I believe he would overcome all those and finally became a worldwide currency

Actually, we can't neglect such of having a reddish market due to the some factors affecting it's trend. Though we wanting to put an end on it but definitely it won't be happen. Thus, this nature of change is considered  to be a part of our engagement into crypto and even real stocks investment, it also happen.  May we just have to accept it and just wait for another roll of market trend.

[WaitingToGetPaid]

Periods of bitcoin decline can be used for additional purchases. Most importantly, do not sell cryptocurrency at a loss during the decline of the market. I think that the bitcoin trend will soon change to a growing one.

[deloreswest]

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.

[lordmick]

Right now I can't agree with this opinion. Because even now market continue correcting. And according to technical analysis I think Bitcoin will drop lower, till $ 3K, may be even lower.

[bitcoinisbest]

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.

The bloodbath seems to be have ended now and btc have started moving upwards due to which we can see it has reached 7600$ already and may be weekend we can see it above 8k soon and 10k etc. Only thing people who are not doing panic sell can benefit from it and quickly it can recover form here.

[BTC-BTC-BTC]

Hope we can see the 20k price again sometime this year.

[ShadowBits]

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.

Indeed that the bloodbath will end any moment in this month. We may see a lot of people joining in again and will be Fomod.

[virtualkeybuyer]

Right now I can't agree with this opinion. Because even now market continue correcting. And according to technical analysis I think Bitcoin will drop lower, till $ 3K, may be even lower.

How can you say that these are technical analysis? For your kind information these are not technical analysis which you are trying to share. These are just the fud from the people who do not want bitcoin to get success. They only want to dump bitcoin with false news as they know that if bitcoin will be there then it will be the king of all coins and these people who are against bitcoin want some other coin to come with which they want to millionaire like the early investors of bitcoin.

[Rrotess]

Speculation market is always like that , people must get themself mold as per the situation.

Bitcoin is designed to use , Use it. Don't stock it.

Correct. We'll just have to use it in a proper way. Forget about the haters, and just do what is right. Sometimes we have to grow and be mature to accept what are the day-to-day challenges. Of course, we are sometimes at the bottom because of some competitors, but these challenges should serve as a reminder and a strength to each and everyone of us, not a threat like just what they have said.

[1Referee]

And according to technical analysis I think Bitcoin will drop lower, till $ 3K, may be even lower.

TA indicates several possibilities at this stage, which is either a massive up or downward movement.

If we look at how the market on its way down forms higher bottoms, but also lower tops, we will soon get our answer and see what we will go through. I am confident that the higher bottoms will break out of the lower top cycle in the coming months, but there obviously aren't any guarantees. For now I want to see how the $7000 level maintains its position, and more importantly, whether or not it has been another higher bottom.

If that doesn't hold, which isn't the end of the world, we still have $6400-$6500 and then as main barrier the $6000 level. In other words, we can prepare ourselves for some very interesting months.

[Bumblecoin]

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.

Hopefully bloodbath will end. And we will all be blessed these next few days. Let us all be positive for this. Our patience will somehow be paid.

[kingkonjac]

obviously after the recent bloodbath the market in april showed us some good behaviors and gave a bit of hope to invest but it didn`t last too much and we get backed again. Hope it will recover soon.

[Sircoss]

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