Oh My God, What Happened to Bitcoin?

[Baby Dragon]

Bitcoin is at a great danger and it is a serious matter to be discussed. I hope bitcoin can recover and will able to solve the problem in no time.

Bitcoin price value is unstable its up and down but this is normal in every investment have risk and challenges to face off it is part of the economy experiences this but never lose hope cause bitcoin will be recovered from all challenges and give us big profits in our investment.

[Quidat]

Welcome to the world of cryptocurrency where money is being played and scammers are crawling all over the place.

Everywhere you go (even outside the crypto space, in the real world), there are always a corresponding risks exist.
 
What you said is like a normal thing here in crypto space, if you dont know how to ride, you'll fall, if you dont know how to maximize your security, you'll fall. That is why there are weakhands who are always bothered by the price drops, dips, and corrections. FYI these price movements/volatility are just a simple indications of a healthy market.

[amonymous]

Nothing to painful happens because you can see bitcoin history back to back.dumping and pumping is the bitcoin history.bitcoin value not still more got, don't got crazy happend.real time will quickly back just need to wait and also check bitcoin marketcap..

[AGD]

Confirmed death of Bitcoin. If you want to get rid of your coins, you can send them to me for free! You will pay a ridiculously low fee and it still will be confirmed quickly. As a nice side effect these (dead) coins can't be double spent, because there was a guy who was the first to solve this two generals problem and the network is the biggest and the most secure that exists. Too bad it's gone... Is Dogecoin an option?

[Jlv]

Don't panic bitcoin will be fine, its just the same last year, bitcoin dumping and pumping but it will go back to the normal price and will continue to increases and give better earnings in the future.

[matchi2011]

The cycle or movements of bitcoin are normally like this which is ups and downs. The long run of downtrend maybe consider as a part of it's cycle and maybe it's preparing to pump for the next few days so nothing to be worried about. However, for a long time of bitcoin existence we known that in any situation like this is considered nothing because bitcoin itself always proved to us that it can handle it's movements and it never be goes to it's end.

Game of surviving, better to analyze well how things works inside this crypto industry, I can say that if you are a panic investor better not to touch crypto or stay away now, a lots of downfall and uptrend will happen, crypto still young and many people who knows how to take advantage will come and play with the market, so always be prepare and knows your boundaries.

[txsignatoire]

The price moved a step higher with a session top at 6,832.9 but started pulling back again on a 5H Engulfing Bearish candle. This simply restored the neutral bias on 5H (RSI = 49.160, Williams = -50.913, Highs/Lows = 0.000) as the Channel Up is being rejected near the 6,900 Resistance but supported on the 6,500 support. This will most likely create a 6,500 - 6,700 trading range for today. I am still expecting 6,989 and 7,309.30 in succession.

[reactorjuno]

The price moved a step higher with a session top at 6,832.9 but started pulling back again on a 5H Engulfing Bearish candle. This simply restored the neutral bias on 5H (RSI = 49.160, Williams = -50.913, Highs/Lows = 0.000) as the Channel Up is being rejected near the 6,900 Resistance but supported on the 6,500 support. This will most likely create a 6,500 - 6,700 trading range for today. I am still expecting 6,989 and 7,309.30 in succession.

That's exactly what I am talking about, Bitcoin price right now depends (almost) solely on trading analysts, greedy traders. Can we blame them? I don't. But the long term trend is now clearly down, and as you said there should be a bump. I will personally sell at 7500 USD then I am done with Bitcoin I think.

[Geemy]

This is the same as the story itself re-landing the constant price with false news

[Marlo Stanfield]

Tether is fucking us at the moment because we are knowing the real truth about it, that is the main reason of why a lot of people are leaving bitcoin because of it

Tether fucked everyone.  It will blow up very soon and Tether will go to zero leaving many people with nothing.  What a shame that such a scam has destroyed fair trading in Bitcoin.  The result is sure to be very bad for a long time.  I don't think it can recover. 

That might be true, but apparently there was some information released today that is supposed to show some third party verifying that they actually have the money in a couple of bank accounts.

Of course them showing this information could be some part of their scam. But it's something at least. I guess we'll see what happens.

[Domino68]

I think bitcoin takes its best position from which it will grow, it's like boring a borehole, it meant we try to depth, but when we spread it we swing it in full

[RawDog]

Nothing to happen with bitcoin everything will be okay . Don't be hopeless dear bro .

Don't lose hope, we know the bitcoin value now is down, but it is not the end of the world.

It is close to the end of the world.  End of the Bitcoin world.

[liamnorthcoins]

Yesterday, Coinrail, a south Korean trading platform, suffered a cyber intrusion that caused bitcoin prices to fall. And the decline was the highest in three months. (about 50 percent).

For me, Cryptocurrency is an amazing thing, which has changed so quickly that we can only make a rough guess by K chart analysis.

https://twitter.com/Coinrail_Korea/status/1005650529773486080

Bitcoin has a strong short position and it is aiming to push prices down to a low of $6,000 in February 2018. As you can see from the picture, the bitcoin bearish signal is still strong.
Within a week or two, bitcoin prices could fall below $6,000, and over the next 48 hours the BTC could bounce back slightly to $7,000 to $7240, before falling further.

Only if the daily closing price is above the 10MA (at $7500) can the bearish be stopped.

https://cdn-images-1.medium.com/max/1400/1*_imsHEcoajsc_tK8z4fzeQ.png
Disclaimer: This article is not meant to constitute trading/investment advice. Please use extreme caution when trading any cryptocurrency.


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https://cdn-images-1.medium.com/max/600/1*_jFTlp3DrOG6E3vWnQ8fJQ.jpeg

The price trend is following the same trend early this year up to Month of March, same as of the time people are making negative comments and many were getting depressed afraid and all sorts of negative vibes but it was able to start to recover by month of April until May.  A lot of factors is actually affecting the market of crytocurrency but I believe like all other times it can recover.

[JerryJam]

Blockchain and cryptocurrency technology is incomprehensible for many people.They hit the topic just because somewhere heard that it's cool and the possibility of quick enrichment.They do not know how it works and how to apply it in the real economy.The crowd inflates the volatility .

[felicita]

Yes its now second time Bitcoin fell below 6000$ but where is the problem ?
One year ago we ware at about 2500$ XD
Bitcoin will allways fell when someon e sells his coins ......stop wondering about sellers


regards

[Shishir99]

Bitcoin has major support at 6000$ zone but in my opinion btc will break that support range.Bitcoin needs correction to grow again.
I think everyone need to be patient and wait for the right time.
Altcoin has  been dumped heavily but now we need to watch bitcoin very closely.

[zazarb]

There is no need to be too surprised, that just another bad news which drastically respond to changes in prices, But like always we just need to be patient and wait till the price pump back again

[MintCondition]

There is no need to be too surprised, that just another bad news which drastically respond to changes in prices, But like always we just need to be patient and wait till the price pump back again

Just keep going, there are no news that will make the price hype, we can all just continue to plan and save until price weren't in good conditions.

[Rembedful]

Bitcoin has major support at 6000$ zone but in my opinion btc will break that support range.Bitcoin needs correction to grow again.
I think everyone need to be patient and wait for the right time.
Altcoin has  been dumped heavily but now we need to watch bitcoin very closely.

Nothing happened to bitcoin. The price is normal and is on the track. People look and waiting for new bump in the price and that’s why they are talking that the price of bitcoin is not increasing because they want huge jump like the previous year. Nobody should be panic about the future of bitcoin and should be optimistic. Gradually the price will increase as the demand for bitcoin increases.

[loverets45]

There is no need to be too surprised, that just another bad news which drastically respond to changes in prices, But like always we just need to be patient and wait till the price pump back again

Yeah patient is needed for all investors. Don’t desire for a big bump in the price. I realize that the current situation of the market is red but this situation will not last for long. Soon we will see growth in bitcoin price and those who have lost their money in bitcoin but still hold their coins will recover their money. Just need to be cool and wait for good times to come.