Bitcoin hits a new low since 2016

[Rafael.angelo]

There is an japanese art of achieving perfection thru imperfection, Kintsugi. The current crypto market as per my comprehension resembles the same pattern. It will break down to a level from which it can arise, mending its mistakes in the process (weeding out all fake/scam ICOs) so that in the end only the best implementation of technology persists for longer period of time

[markiplier.jack]

There is an japanese art of achieving perfection thru imperfection, Kintsugi. The current crypto market as per my comprehension resembles the same pattern. It will break down to a level from which it can arise, mending its mistakes in the process (weeding out all fake/scam ICOs) so that in the end only the best implementation of technology persists for longer period of time

This is true. correction in the price will make bitcoin better and there will be true rise in the price.

[Ahimoth]

although now the price of bitcoin again fell. do not get panicked agan see situation and condition like this. but use the opportunity to earn profits in the future. logically. bitcoin prices have already risen in late December 295 million. now down. but never will bitcoin become worthless anymore. surely one day will rise again can even exceed the price ever bitcoin achieve .

Sad to say but it is true the market is still going down and bitcoin is stila in trouble. The good thing is that bitcoin was able to overcome this kind of problem so coming back is not new to bitcoin. It may not be easy to do but rest assured that bitcoin will rise again from its downfall so don't lose hope my friend.

[AliMan]

although now the price of bitcoin again fell. do not get panicked agan see situation and condition like this. but use the opportunity to earn profits in the future. logically. bitcoin prices have already risen in late December 295 million. now down. but never will bitcoin become worthless anymore. surely one day will rise again can even exceed the price ever bitcoin achieve .

Well upon my own research and own study about the market I found out that this is true. Bitcoin is having a downtrend again so this might make us sad. But the good thing is that bitcoin has the ability to conquer this problem it may not be easy but I'm hoping that history will repeat itself and bitcoin will rise again.

[bungutko]

Well, it's really hard to accept that bitcoin is still going down due to this bear market but it is the reality. So, let's prepare for that fall and while market is still like this, hold your btc for good and consider buying once the down trend had stabilized. From there, will have to wait for a few months until the recovery of btc will again bounce back. I believe that this will happen in due time and let us not loose hope for btc will surely make a history soon.

[nicko122]

Do not be surprised at the drop in the price of bitcoin, this year it faces a whole range of obstacles. The price grows, then suddenly falls, but bitcoin does not disappear anywhere and it is still valuable and popular among investors.

[itsliss]

this is the kinda opportunity some investors been waiting for, the next bull run is just by the corner

[Anatol_89]

I think that the current price for a biktoin is an opportunity to purchase it. Of course, we are not immune to an even greater fall. But the market is very volatile. Therefore, each will decide for himself what he will do.

[Airdropeur]

I don't know how true but I have read a news that aside from the looming prospect of regulation, a series of high-profile thefts have also had a hand in the sudden rapid dips in value bitcoin and its rivals have experienced - the most recent of which was a failed raid on the Binance cryptocurrency exchange. I understand how you feel right now because not only you experienced that right now, our only way to ease that feeling to trust that bicoin will rise again.

[reck1ess]

Don't worry, those might just be because more people sold their coins for some reason, this is basically just a flow of BTC prices. They change overtime. Nothing to worry here.

[ethereumhunter]

finally, we reach $5838 and still downing for now. the number of $5600 appears and maybe it will down until that price so be careful. I see that the downtrend is coming again after it's increasing for a while in a few hours ago. don't panic is the key to survive in this situations and check the market before you decide to enter the market. we know that this is the hard situations but we still need to stay calm to anticipate every possibility that might happen.

[Hopeman1]

First, it is not at its lowest level in 2017.
In 2017, the price of bitcoin was only about $2,000, so the current price is still many times the profit.

[Sevarchik]

How it calculated, price low in percent of drop.
Some peoples saying what crisis was in 98 2008 and will be in 2018

[Ruffian1314]

I don't think that it is the lowest price sincr 2016 because it hits below $3000 last year so basically it is still not the lowest price of bitcoin since 2016. Maybe it will continue to fall due to some people still selling their bitcoin eventhough they losing their money. But it will be a good time to buy for whales since the price is still low.

[Msworld83]

Bitcoin is having a free fall after it's price skyrockted last December 2017. The question now is will it continue to crash?
Only time will tell what will unfold in the next few months.
https://www.coindesk.com/oversold-price-bitcoins-rsi-just-hit-its-lowest-level-since-2016/

Percentage Wise yes ,the  price have been free falling from the all time high of $20,000 to the $6,000 area that is more than a 100%  but price wise it is not the lowest. Now for the question the $6,000 area is the best support area we have. It have been tested multiple times and also being tested as of the moment. It seems that still the $6,000 support is holding. I do not think that it will continue to crash but I think it will take some time to recover from this crash price.

It think you miss something about the % , the dip is only 70% down which is $6000 area, but to the dip I think we still have more dip to go like 80% down which is $4000 area and if you look at last year trend before it finally run bull $4000+ was resistance which downtrend to 2900 area and when it break the $4k area it bull run has been marvelous with little correction in just like 3-7 days and pick again so I think now is the main correction for those fast track bull to the area of $4+ my thinking though.

[Crypto11021]

Bitcoin market is really crazy, money burning like candle while I continue to hodl waiting for Market to recover, really this market is unpredictable no matter how prominent you are in the cryptospace. Only time will tell

[supermine]

finally, we reach $5838 and still downing for now. the number of $5600 appears and maybe it will down until that price so be careful. I see that the downtrend is coming again after it's increasing for a while in a few hours ago. don't panic is the key to survive in this situations and check the market before you decide to enter the market. we know that this is the hard situations but we still need to stay calm to anticipate every possibility that might happen.

It is hard for many of the investors to see their portfolio is falling but they have to understand that they won't lose anything until they sell them.Finally the prices came back below $6000 which was a strong resistance point for too long so we may see the result for this downtrend soon.

First, it is not at its lowest level in 2017.
In 2017, the price of bitcoin was only about $2,000, so the current price is still many times the profit.

Yes the title is misleading so OP change the tittle into appropriate one.Still the price is higher than the beginning price of 2017.

[mitakatu]

That is the price point for early 2016, but bitcoin is comparable in 2012 with 2017, Bitcoin has increased the number of times it.

[Yakapo]

Yeah, that's worrying. I do think that it would be better by the end of 2018 but all of my earlier predictions didn't come true so I am not sure what is gonna happen next.

[trantu8461520@gmail.com]

Bitcoin has a growing volatility. Bitcoin's biggest and smallest value deviated by more than $ 10,000