Market confidence in bitcoin.

[iotarocket]

Anything can happen in the market, but it is extremely difficult to dislodge a proven cryptocurrency like bitcoin given that it has the strongest brand name and a very extensive network, with plans to allow it to scale with the Lightning Network.

[richardson1128]

We cant be certain for now. But one thing is for sure, whenever there is a price reduction it affects everyone, it's like a chain that continues gradually. The only thing that will stop this is if there will be people who will buy these cheap coins as of today. Then the chain will definitely stop.

[IndigoRed]

It is sad but true that bitcoin is facing a serious lack of confidence. Due to government rules and regulations in different countries BTC is losing its confidence too fast. Not only BTC but also whole cryptocurrency market facing a serious problem.

I know, right? For mass adoption of bitcoin to take place, we not only need patience but more importantly, trust. Fiat functions because of trust. It is this same trust that will strengthen the existence of crypto.

[BLAST2MARS]

People has also lost hope in bitcoin back in September but a great reversal had happened so just like the volatility of bitcoin, people's confidence will also go up and down unexpectedly. There are many large financial institutions right now that sees bitcoin with many benefits so we just need to wait for them to pour all of their money.

[matchi2011]

People has also lost hope in bitcoin back in September but a great reversal had happened so just like the volatility of bitcoin, people's confidence will also go up and down unexpectedly. There are many large financial institutions right now that sees bitcoin with many benefits so we just need to wait for them to pour all of their money.

When they play it will be a great timing for people who really aiming for good benefits, large investors knows how to work with investment, they can make the value so huge and patiently waiting for much better profits, that's where we will going to take out our gains so better to keep holding and keep adding
more coins when we still have a good chance.

[ShitTL]

The bitcoin market will have more positive changes that are price changes as well as there will be more governments that will accept bitcoin to make bitcoin more legal.

[aaravnatalyn]

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.

[BILGPS]

Market is confident now and the bitcoin is start rising once again and if we hold our coin it is expected that we can double the value of our coin so now the time of bitcoin is good and the market is confident while we should invest in other crypto as well because the price of all crypto will rise.

[bajigur894784]

Well ... all possibilities could happen, today we see the condition of bitcoin market stagnant even tends to decrease. but I'm sure this is not because of the lack of confidence in bitcoin. I assumed that this was due to the many crackdowns of the world's regulators on bitcoin, and this made investors cautious when they wanted to put their money in bitcoin.

[adjong]

For me you should not be confident in the market because it has investment and you should watch your coin to be able to sell it well, because when you are confident the market will lose your investment.

[LoupGaroux]

Yes, bitcoin is very unstable lately. I think it's better to invest in a less volatile currency. The choice of cryptocurrency is huge. Personally, I prefer to invest in Tezos, which for the last day grew by almost 2%, in contrast to bitcoin, which falls.

[Adam Waters]

I was losing confidence around 6k but no way in hell im selling on a dip.

It helps when you're not over-invested. If I had thrown serious savings in I would've been panicking.

[tuljan]

I was losing confidence around 6k but no way in hell im selling on a dip.

It helps when you're not over-invested. If I had thrown serious savings in I would've been panicking.

I was thinking the same thing, it easy to hodl and wait when you invested small. Some people sold houses and cars and bought BTC when it was 20k, now that was very reckless. I don't invest too much. Max 30% of my money can go into crypto and that's it. If I lose at least I won't became homeless.

[jhonvir666]

for me if a community still needs the services of a Bitcoin, a market has a lot of confidence here and above all so the prices of a bitcoin. So far, it seems that bitcoin is still in the middle and perhaps a fund is transferred to altcoin. But if there are new investors in the bitcoin, it's possible that the price will go up. It's just a matter of perseverance to wait when the bitcoin value increases someday it will increase too.

[Man From The Future]

Bitcoin price starts to fall from the beginning of the year, and it's no bad we keep our bitcoin. In the long term, the price of bitcoin is not like the last year, need to restore confidence to everyone. If the bitcoin price goes down, I'm sure the price of the other coins is also down. If there are other alternative coins that are more profitable why not, but we should not choose the wrong ones. My advice is always update the development of cryptocurrency, so we know better what we should do.

[DoublerHunter]

A lot of people are expecting that the market of bitcoin will go up soon before this year end and that is a great confidence for them to believed that the market will now probably go up after this deep dump in the market. It is all about believing that bitcoin can do it again like what it did a few years ago that from a deep price loss, it goes up to a new all time high.

[yndye]

A lot of people are expecting that the market of bitcoin will go up soon before this year end and that is a great confidence for them to believed that the market will now probably go up after this deep dump in the market. It is all about believing that bitcoin can do it again like what it did a few years ago that from a deep price loss, it goes up to a new all time high.

With that rise in price yesterday and the continuous uptrend, many people has a positive view of the market already and thinking that it is the start of the bull run. It seems that more positive news are coming in as well because a trillion dollar company s considering investing in bitcoin which is a sign that money is coming in. Maybe it is the reason of the push in price yesterday. There is already a confidence building up in the market compared to hopelessness in the past months.

[lamtruong123434574218@gma]

This is also a challenge for investors. After a deep down market is a period of strong growth and great profit

[4rzun4]

Naturally, if the belief in bitcoin begins to diminish, and the market seems bored, some bitcoin users also switch to other coins as an alternative. This is because since the beginning of January 2018 bitcoin has decreased in price and it seems that the price is not moving up but it goes down further, so many people sell bitcoin to avoid the losses they might get if they keep hold of bitcoin they have. My hope of bitcoin can again show its strength as the best crypto and in the near future the price can move up higher, so the confidence in bitcoin will recover.

[Getmon]

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 first half of the year has been really hard for Bitcoin. There was a combination of negative events that made the top coin really down. However, do not assume that it is only Bitcoin that is decreasing in value. Take note that the whole crypto market is really going down. Notice how the total market cap is decreasing, not just Bitcoin's. So there is no sense in the speculation that there is a shift of support from Bitcoin to altcoins.