Market confidence in bitcoin.

[hulla]

My question is, is switching to another coin also paying?
Because I know other coin are also experiencing dump and it just like extending ones stress.
And like it was said, the dump on bitcoin makes one weak and discouraged but I hope our expectations for the pump soon will not be disappointed.

Technically, switching to another cryptocurrency won't pay at all because the whole dump in price scenario thing affected all cryptocurrency not only bitcoin. However, the dump in price and market are normal things that happen in crypto market and it even happen in the real business either.

[sitnibtc]

we just need to be patient. this may be just another correction and just wait a couple of weeks and prices will probably shoot up again.

[sublime5447]

No, if so,  the price of 'substitute' coin will move in an opposite way or no effect at all but in fact a bit more Bitcoin giving a permanent impact and this indicates that Bitcoin still has its own influence and charm.

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

There are more sellers but who will buy or mine Bitcoin at such high prices

Source? Trust me, eh?

[wengden]

I think this just last year,BTC went up rapdly and reach to 7000 dollars when Ber month comes. As you can see today it is already starting going up. Just be patient and hodl. Haha

[onrise]

we just need to be patient. this may be just another correction and just wait a couple of weeks and prices will probably shoot up again.

Market seems to be recovering and it has reached 6350$ and seems that may be we can see again btc in 7k range in couple of days. We do require patience as it is not easy being so volatile and we cannot keep on selling in panic mode as we only make losses in such sell.

[nazarovv]

just be patient and wait. all cryptos now experienced some decline. btc value will rise again hopefully by the end of this year

[budiarmed]

Since the beginning of the year bitcoin prices continue to decline and there are still many bitcoin users who still survive and hope bitcoin will rise again, but in fact the price of bitcoin increase has not been significant and impressed stagnant and continue to fall, what exactly happened, could the market start to get bored, trust against bitcoin begin to decrease and switch to another coin as an alternative. how in your opinion?

The belief in crypto coins is now declining and it is making the market fall to date, but confidence in crypto coins will grow and will make market prices rise high. Be patient and wait, the market will surely increase.

[Glomerulus22]

The key is the adoption. If bitcoin will be adapted into current world finance and politics, it will survive and it can prosper. Crpto market is still very small in comparison with stock or other markets, just hold your funds and you will not be dissapointed.

[bohr]

This is not the first time the bitcoin market will experience insignificant increase in price and impressed stagnant or dumped in price but it later surge. However, everyday is not Christmas and a successful business must accept debt sometimes.. Besides, bitcoin was not the only crypto currency facing such price movement, so shouldn't jump into conclusion by choosing another coin as alternative and when things like this happened something good usually come out of it in the end.

Well said. Base on my research and from what I learned from the year 2016 market correction. Things like this happen sometimes in the crypto currency sphere every 2 or 3 years to create a chance for buying dip before the bitcoin or altcoin halving and it only those that wait patiently and buy in dip that always gain from the market correction.

Hope this make you guys know what to do.

People most of the time are only concentrated in the short term most people never think on the long term or they do it in vague terms, this is why they are incapable to see this has happened many times already in bitcoin and that after some time the price recovers but even if they knew that information it will be impossible for people like that to hold that long since they never had any intention to do so, so they will prefer to sell their coins and invest in whatever is hot at the moment.

[miraj0007]

I Think big confidence should be on Bitcoin because everyone has been using the Bitcoin market for a long time in the right way. Moreover, Bitcoin acts as a digital currency. It is a computer software out of hand. So Bitcoin is real.

[tuljan]

People most of the time are only concentrated in the short term most people never think on the long term or they do iy in vague terms, this is why they are incapable to see this has happened many times already in bitcoin and that after some time the price recovers but even if they knew that information it will be impossible for people like that to hold that long since they never had any intention to do so, so they will prefer to sell their coins and invest in whatever is hot at the moment.

Well I prefer to sell whatever is hot at the moment and buy whatever is falling in prices(I'm talking about good coins not shitcoins of course). And I'm holding BTC until it reaches at least 20k+.

[ATLCadillac]

It looks like the market has rebounded. Confidence is being restored.

[Yarsk]

The confidence in the bitcoin market is build on the understanding on how the market works knowing how volatile the bitcoin market is and it ability to recover real soon.

[Jordens]

Since the beginning of the year bitcoin prices continue to decline and there are still many bitcoin users who still survive and hope bitcoin will rise again, but in fact the price of bitcoin increase has not been significant and impressed stagnant and continue to fall, what exactly happened, could the market start to get bored, trust against bitcoin begin to decrease and switch to another coin as an alternative. how in your opinion?

The market is really waiting for bitcoin to come out of the falling trend and start growing. Of course no one expects the mad big takeoff as it was before, but the higher and more stable growth is still hoped.

[Choyor]

Since the beginning of the year bitcoin prices continue to decline and there are still many bitcoin users who still survive and hope bitcoin will rise again, but in fact the price of bitcoin increase has not been significant and impressed stagnant and continue to fall, what exactly happened, could the market start to get bored, trust against bitcoin begin to decrease and switch to another coin as an alternative. how in your opinion?

Here in a situation like this where the value of Bitcoin is weakening our patience in the test. For people who still believe in Bitcoin it is a person who has patience. like me currently who is still optimistic if Bitcoin will remain popular in the future and experience an increase in value.

[lelylely]

Since the beginning of the year bitcoin prices continue to decline and there are still many bitcoin users who still survive and hope bitcoin will rise again, but in fact the price of bitcoin increase has not been significant and impressed stagnant and continue to fall, what exactly happened, could the market start to get bored, trust against bitcoin begin to decrease and switch to another coin as an alternative. how in your opinion?

Bitcoin can provide great benefits, but to make a profit you have to have the patience to wait for the luck of bitcoin to flow into your wallet. Eliminate panic and doubt in yourself, be patient for greater profit.

[nunibanuni]

There are a lot of investors who invested in different altcoins now to probably escape the bear market. There are newly out projects that were not affected by this market. Still i believe that when everything went to normal again, those investors who bought altcoins will still go back to bitcoin for as we know bitcoin is the King of cryptocurrency and those altcoins are just the King's pawns.

[SleepMachine]

I have switched my btc in few altcoins. you are a trader and you must have flexible thought. Do not hold one coin too long when you can get profit from others. However, you must spend time very much to research and find out the potential coins from ICO projects

[LodisMcguire]

You know there's a phase that happen in the market.It's not long since we reach the ATH in december,so it's understanable that the price get like this right now.Keep your calm and wait for the next phase,i hope we can maximize our profit in the next ATH.

[PeRo]

Bitcoins price is rising steadily and I think it is going to hit at least $7000 soon. Even the fees are getting lower and lower. I kind of feel that everything is going to better very soon. Investors will probably start buying soon and the price might have a bigger bump this month, not big as in getting to a new ATH, but we could make profit out of it.