Time for that Long?

[South Park]

To be honest, I don't think that Bitcoin price will fall any further because there is no practical reason for the price to go down from this point after 65% correction. In fact, I am expecting Bitcoin price to rise in the second half of this year and big whales and institutional investors will join the game again in order to manipulate the situation and earn profit from it.

The price already went up a little but it is not enough to assure that is is the beginning of a big recovery since we are still very close to the price of 6000 dollars but I will admit that it makes sense for the price to recover in the second half of the year but I do not think we are going to reach the previous all time high as many people are expecting.

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[dev9t9ok]

I have bought bitcoin somewhere near 6000$ and of course I am going to hold bitcoin further because it is possible that there is a new strong upward trend in bitcoin and bitcoin will achieve the previous highs and make new ones so in the situation with bitcoin I am a long term investor.

[South Park]

I have bought bitcoin somewhere near 6000$ and of course I am going to hold bitcoin further because it is possible that there is a new strong upward trend in bitcoin and bitcoin will achieve the previous highs and make new ones so in the situation with bitcoin I am a long term investor.

You did a very good move, people think that investing and trading is about buying and selling stocks all day but this is what investing is about, if you invested an important amount of money in bitcoin it is entirely possible that the rest of your life will be assured with that single move, so now the only thing you need to do is to wait, you have made the right moves and the only thing left is for bitcoin to grow again.

[salamonKK]

On the crypto currency market, one can not guess when the price has reached the bottom, but it seems to me that the price range of 6300 -7000 dollars will be the starting point for a sharp rise in prices. Therefore, we sit and wait.

[zanjerbits]

Just hold your coin, I think 5k is the lowest Dip. and whales are accumulating their coin between 5k to 8k price.

[ajiejot]

We dipped below 6k on the weekend. What do you guys think, is it a bottom this time and it is time for epic Long?

Personally I felt like it was the bottom at 8k at 7k and multiple times already at 6.7k and at 6.2k, so I am wary about calling it a bottom again just to see it drop another 500   

Bitcoin starting to rise now, there are many reasons why Bitcoin is pumping ,there are some news about ETF or CME. It looks like there are some big businesses starting to move in to cryptocurrencies which is really good news for every crypto people, it will continue until there is no FUD will happen.

[richcorner100]

I think so, in the current situation of crypto market which so many good news related crypto that make the demand will increase, so its good times to open potition long in crypto trading. Mostly all crypto in the deepest now and on oversold, just wait patient for bull run and we will make good profit.

[welchmgra]

Everyone is longing for bitcoin. Many people I knew, they are just checking by month the price of bitcoin unlike me as a person, I tend to look at the price of bitcoin almost everyday. It's funny to think it that way but that's the truth.

Nobody can say what the actual bottom of bitcoin is. The price today is $6200 and what will be tomorrow nobody knows. But the most sensible decision about your coin is to hold them for long time because this bearish situation of the market will not last for long and good days will come soon. If you control your emotions about your coins you will be happy in the future.

[TravelMug]

We dipped below 6k on the weekend. What do you guys think, is it a bottom this time and it is time for epic Long?

Personally I felt like it was the bottom at 8k at 7k and multiple times already at 6.7k and at 6.2k, so I am wary about calling it a bottom again just to see it drop another 500  

It looks like its the last bottom that we are going to see because bitcoin is slowly recovering after hitting it. The market sentiments is looking good at this point. Although its possible that we can the price to plummet once all the hype surrounding the bitcoin ETF application or denial of SEC, but I don't think that we will hit $5800 again, probably we can bottom at $6K once the result of the review is not on our favor.

Everyone is longing for bitcoin. Many people I knew, they are just checking by month the price of bitcoin unlike me as a person, I tend to look at the price of bitcoin almost everyday. It's funny to think it that way but that's the truth.

Nobody can say what the actual bottom of bitcoin is. The price today is $6200 and what will be tomorrow nobody knows. But the most sensible decision about your coin is to hold them for long time because this bearish situation of the market will not last for long and good days will come soon. If you control your emotions about your coins you will be happy in the future.

I don't know what charts are you looking. We have been around above $7K for the last two week if I'm not mistaken.

[googs84]

Its not epic long, there have been many events like this in the bitcoin market. We have seen biggest fall back in 2013, 2014 and in 2017 also. I guess this trend come in whenever the big exchanger hacks, bad news, and investors pulling back themselves starts overlying in the market. This is what we saw this year also and this time the intensity of whole thing was very strong and affected the bitcoin up surge lot of times. Its pretty normal because it take time to regain the trust of investors and bring them in so that they can put their investment to make the bitcoin go up. Yes, its really easy to calculate the after math as to why so many dips and why that much time for recovery.

[enawati]

This morning about 10 hours ago i just make open potition long in Bitmex and after 2 hours since that the price going up, and hopely the price will keep bullish until reach to $20K again. I still long for BTC and make long potition is better for now because many good news in the market.

[Rufsilf]

This morning about 10 hours ago i just make open potition long in Bitmex and after 2 hours since that the price going up, and hopely the price will keep bullish until reach to $20K again. I still long for BTC and make long potition is better for now because many good news in the market.

It is not a good idea for you to place a long position and just wish for the price to reach $20k again because it will take a long time before that price will be reached by bitcoin again because it needs a lot of hype and demand before it happens. If you want to be safe in making profit then just buy and hold bitcoin for long term.

[r.black]

Now many can fall into the trap for bulls, because the market has been in depression for a long time and now every false move gives players a hope for a global turn. You can work for improvement, but you should strictly follow the risk control and work with stops, because this movement at low trading volumes is very unlikely to be the beginning of a truly upward trend in the market

[manggis97]

Yesterday Bitcoin dumped but still stay above $6000 and look like want to going up again now,  Before yesterday the price of  of Bitcoin in low volatility and based on technical analysis normally after stay long with low volatility that mean the price want to start to bull run.  I still positive the price of Bitcoin will going up after this long bearish.

[cah ndablek]

When prices are still in bad condition I tend to invest bitcoin for a relatively long duration because when I insisted on utilizing daily investment, it would be difficult to avoid a dump and give a loss.

[Usafstar]

Now a days bitcoin and crypto is in very fallen position but if we invest for the coming three months you can earn good amount in long term and if you hold it further for more than six months the chances of growth is more, Beside all this if you find opportunity to trade you must have to do that and it is improving the country economy and people need.

[crossabdd]

I see support patterns today. where bitcoin is dropped at $ 6K so it will fill the direction of the chart towards the $ 7K level. I believe this is only to support the increase through the communication of candles by the whales. so keep calm, you will make that profit.

[St4yInTh3D4rk]

Its just normal scenario in the crypto market when the prices go bearish it may take too long to get recovered for instance 2013 where the time take for revoering almost two years so it may even repeat again to reach new all time high.Is not that much long in my opinion though.

[DRVX]

I have bought bitcoin somewhere near 6000$ and of course I am going to hold bitcoin further because it is possible that there is a new strong upward trend in bitcoin and bitcoin will achieve the previous highs and make new ones so in the situation with bitcoin I am a long term investor.

So you have not lost anything at all. Meanwhile, you do the right things. It is worth holding Bitcoin for a year at least. I suppose, its price will be fluctuating in the nearest 3 months, and then, it will go up.

[Alfiehob]

When prices are still in bad condition I tend to invest bitcoin for a relatively long duration because when I insisted on utilizing daily investment, it would be difficult to avoid a dump and give a loss.

Those who don’t have any trading experience should invest for long time because as you told that daily investment will face a definite dump in the price. To avoid this dump it is necessary to buy bitcoin and hold for long time, till the price doesn’t grow more. Smart investors can make daily investment because they know the right time for investment and selling.