Bitcoin goes to $5,900....

[tokecabe]

actually Bitcoin is like gold that becomes an investment asset is not as it should be the currency in use for payment therefore the price of young volatile sharply.

[Firefox07]

Its so frustrating when you see all your cryptos down again. But still i am controlling myself not to make a decision that i will regret in the future. Bitcoin drops big but i still believe that it will recover again.

[Denker]

Its so frustrating when you see all your cryptos down again. But still i am controlling myself not to make a decision that i will regret in the future. Bitcoin drops big but i still believe that it will recover again.

Just avoid to check the price or your portfolio value these days.
Instead check twitter daily and get the latest news regarding Segwit improvements, Lightning Network progressing, mining getting more decentralized in terms of locations, chip manufacturers and mining rigs etc.
Stick around with other Bitcoin believers. Suffering as a group maybe makes it easier to go through these pain for some people.
And always remember that we went through these cycles several times now.

[alex M]

Its so frustrating when you see all your cryptos down again. But still i am controlling myself not to make a decision that i will regret in the future. Bitcoin drops big but i still believe that it will recover again.

Yes, definitely dipping again below 6K$ and is predicted by some experts to dip more at around 5K$. For me there's nothing new with this market trend as volatility could be the main cause. If we  can only extend more our patience of hodling after this bearmarket trend. Im sure prices in cryptomarket will bounce back and bitcoin will recover soon with big spikes of increase.

[richardsNY]

Yes, definitely dipping again below 6K$ and is predicted by some experts to dip more at around 5K$.

Stop paying attention to what self claimed experts are saying. These experts don't know more than you and me -- their only objective is to market themselves as an expert or guru, while they in reality are nothing. If we had to believe experts back in the days we wouldn't even make it past $1000 ever again, and you take their words for granted? People are riding the market and adjust their predictions based on the fluctuations. It's business as usual nowadays. The main point of importance is that we should keep focusing on the long term, because that's what we are here for. I'm not against short term investors, but their attitude is toxic.

[blockman]

Its so frustrating when you see all your cryptos down again.

Your mind tells you that it's frustrating but you have to change the tides by thinking that it's another time for buying more bitcoins.

But still i am controlling myself not to make a decision that i will regret in the future. Bitcoin drops big but i still believe that it will recover again.

That's it, you don't have to let yourself down with these falls. Verily said that you don't have to create a decision that you will regret in the future.

Hold while you can and this is what every faithful holder does.

[slackcryptoz]

The price of bitcoin has gone low when it is predicted to reach much higher price. This has created panic among the users who have been following the market predictions from the experts. Today the market has recovered a little reaching around $6300 which looks like a promising start for further price pumping.

[d1ceplayer]

We can stop the dumping price , if you buy and I buy and if all of us buy more bitcoin again as soon as possible the price will recover and you will get more profit. Maybe not time for the bitcoin to pump again the price but for sure in the next coming weeks it will slowly increasing.

Make me laugh. How many bitcoins can you buy? This is a drop in the ocean. The majority of users have on their wallets amounts much less than 1 bitcoin. It won't change the situation. Look at the stakes whales make. On my exchange, a few dozen bets on 30-50 bitcoins. It's only on one exchange. How do you want to compete with whales?

The price this morning recorded 5.8k dollar and this is a lowest valuable recorded in this year and we can not give assurances that it will recover from now because the market is not going good and our expectations are always alive but the market is not looking at this. Whenever the demand rate increases the value will increase however the current drops indicate that the demand rate is increasing.

[Kemarit]

This is the second time Bitcoin will go to $5,900 this year. Now it is $6,140. Dream run over ??

I read, 80% of the coins being dumped now are from long term holders, they want OUT!

I don't know where you get that news from. 80%? Why would a long term holder suddenly dumps their coins. I mean holders who have been holding bitcoin for more than 2 years will suddenly dumped all of the sudden and want out? I don't think so. They have been holding it for such a long time that it doesn't make sense to just dump it right now because they have lost their faith in the market. It doesn't work that way and I'm sure that long term holders are very intelligent and not be swayed by this kind of FUD and will just pull the trigger and push the sell button.

[DanyJr]

Actually this year is really a bad year for the investors of the crypto currency because the crypto currency market is facing a crisis during the year. But this is also an opportunity for the investors also to invest in the coin at a low price. Investors should not worry as the price will rise up at the end of this year as per the analyst’s forecast.

[EdwardClinton]

It is known to each and every crypto currency users that the nature of the crypto is decentralized. The ups and downs of the price will remain till the end. So no need to worry just be patient when the time is not going in favour.

[@alaji]

Bitcoin value may likely decline below the  $5,900 before August ending this year with the way things are going.  This is because the momentum at the moment it not enough to bush the market value of Bitcoin forward and is a strong problem for the market value of Bitcoin to move forward.

[laluna24]

Actually this year is really a bad year for the investors of the crypto currency because the crypto currency market is facing a crisis during the year. But this is also an opportunity for the investors also to invest in the coin at a low price. Investors should not worry as the price will rise up at the end of this year as per the analyst’s forecast.

This bearish trend is not forever price goes up and down so it is a cycle. Yes this year is not good in crypto price declines from previous peak price. Well still best chance to buy btc during this trends.

[Phenoca]

Long term holder here. I only dump when the price goes above my comfort zone. Then when the price drops I buy. I assume most investors also have target prices for buying back in.

[setupbounds]

We can stop the dumping price , if you buy and I buy and if all of us buy more bitcoin again as soon as possible the price will recover and you will get more profit. Maybe not time for the bitcoin to pump again the price but for sure in the next coming weeks it will slowly increasing.

Make me laugh. How many bitcoins can you buy? This is a drop in the ocean. The majority of users have on their wallets amounts much less than 1 bitcoin. It won't change the situation. Look at the stakes whales make. On my exchange, a few dozen bets on 30-50 bitcoins. It's only on one exchange. How do you want to compete with whales?

There is not so much difference between 6.1k dollar and 5.9k dollar and it can drop more as the price today is 6.1k dollar so it can drop at 5.9k dollar. We were expecting a good increase when the value was around 7.8k dollar but we saw several drops. Now as we are in a low market so it may go high in the upcoming days because people will never miss this opportunity to invest in this favorable situation.

We monitored the market yesterday morning which was about 5.8k dollar and it really surprised me because I am not the part of market but want to proceed for investment therefore the low value is good for me and for many other people who want to invest these days.

This low market will charge us less and will give us lots of coins so this is our benefit this time and in future we will get huge profit depending upon the collection of coins.

[Osakrita]

Some persons are tired of waiting. A lot are cashing out because  of fear that place may slump deeper  the good news is that some smart investors are entering the market to take advantage of the relatively lower prices of bitcoins

[Bardman]

I'm just waiting for the bounce, could happen at 5k, could happen lower, who cares really, you wait for the right signals, wait for confirmation and then you can ''safely'' buy and enjoy profits for the next few weeks, it's actually really simple and easy but most people lose their minds so easily.

Most people seemingly crying about it are probably trolls who don’t have any bitcoin’s.
Buy & HODL until mid 2021 & you’ll be rich - simple.

Well, yeah but it's also because most people that ''invest'' in bitcoin are average people with little to no experience in any branch of economics. Of course they panic. As I said, I'm sitting comfortably waiting for the right signals, I don't give a shit even if it crashes to 1k lol.

[Icivodul]

Honestly, I think the low prices can drive some new people or existing holders to reinforce their portfolio.

for example, I got really into the cryptocurrency topic end of last year of course when big publicity was made around it. I didnt buy then, given the high prices. Waited for the correction and here I am.

Just look at the exchanges every day, I think it shows quite a dynamic.

[buwaytress]

So a week later and we're still trying to push past the same $5,900. Looks like a struggle even for willing bears at this volume. I myself still think the lowest low we'll see in the next 5 months is only just below $5,500, so I'm happy to see my "prediction" still some way to go.

If you're really buying into the 80% of people are dumping, and you're not sure of where you want to be in the next few years (or aren't even thinking beyond this year), then yeah, you should probably get out now.

Some persons are tired of waiting. A lot are cashing out because  of fear that place may slump deeper  the good news is that some smart investors are entering the market to take advantage of the relatively lower prices of bitcoins

Yep. Six months is really such a long time to wait. Waiting is for traditional markets. Bitcoin is moon now, lambo tomorrow. Good that this bandwagon's dropping people off. I want a bigger share on the cart.

[First77]

Again Bitcoin going to $5,900. Now it is $6300 after falling from $6,700