BitCoin Keeps Bleeding As Crypto Price Go Below Expectation

[Mondilo]

Bitcoin BTC, the first-historically speaking digital currency which prompted the introduction of the various crypto forms of money, has been confronting the fierceness of the bear since the previous week. The digital money is proceeding to contact new lows for the year, as far back as it made a record by relatively contacting $20,000. The market was on fire when it went underneath the $6,000-stamp. Following this, the assumptions of speculators were pulverized as the coin broken beneath the $5,000-check this week. Right now, a few financial specialists conjecture that the coin will dive more in the market. Do you believed Bitcoin will keep bleeding or gain balance soon?

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[Jet Cash]

Fiat currencies were the first digital currencies when fractional reserve banking was permitted in the 1970s.

 Bitcoin is having a beneficial shakeout at the moment. All of the get rich quick speculators are leaving, and this is good for the long term future of Bitcoin. There is probably more scope for the price to drop in the short term in my opinion.

[Obiwankenodium]

If this bitcoin price is below your expectation, than maybe your expectation was wrong in the first place.

[Peacemaker1994]

Well it is no longer that bitcoin and most coin in cryptocurrency has been dropping radically and this is proposed to continue in the manner for a long while by critics and experts but we hope this can get better

[Juggy777]

Bitcoin BTC, the first-historically speaking digital currency which prompted the introduction of the various crypto forms of money, has been confronting the fierceness of the bear since the previous week. The digital money is proceeding to contact new lows for the year, as far back as it made a record by relatively contacting $20,000. The market was on fire when it went underneath the $6,000-stamp. Following this, the assumptions of speculators were pulverized as the coin broken beneath the $5,000-check this week. Right now, a few financial specialists conjecture that the coin will dive more in the market. Do you believed Bitcoin will keep bleeding or gain balance soon?

There's no one who can tell you a perfect answer cause when the drop began it went to 4100$ levels and now it's slowly stabilising around 4500$, now one can say it will fall further, but other view says it seems to be finding some resistance it'll grow now. I feel these few days will be very volatile for bitcoins, we may see more volatility than usual, and now even Bakkt has been delayed it'll be interesting to see if it has any effect on the prices.

[mk4]

Do you believed Bitcoin will keep bleeding or gain balance soon?

Traders are predicting that we might get a dead cat bounce back to probably the $6000 range, and go back down to the $3000+ levels. Truthfully though, it honestly just could go either way. In times like this, just hold. Or better, if you want to actually help bitcoin and the cryptocurrency space in general, try building stuff.

[Dudeperfect]

As far as current price fall is concerned I don't think that it will continue for a long time. In fact, I am expecting the price recovery and market momentum from the next month itself and we will see the involvement of big whales and institutional investors resulting in the boost to the price in the coming months. There are some reasons behind the current bearish market but those reasons are irrelevant considering long-term growth.

[HODL2090]

There are lots of diverse opinions and different interpretations of the current market and how the near future would be. And panic seems to be prevalent as bitcoin continues to drop unabated.

This for me is low phase in the circles of ups and downs which is regular in the market.

[bill gator]

I believe most of the blood has been spilled into the streets already. I was expecting another dip when we were at $5,500, and now we've had that drop. I think we'll probably hover around where we are for at most another month and a half. I don't see us dipping below $3,700 and I don't see us recovering before a months time. I've been wrong before, but this is what my speculation has lead me to believe.

Do not sell your coin when prices are like this; pretend as though you don't have any and accumulate like a mad man. You know where the price is going, very soon, don't miss it.

[Ljunior]

For this situation, almost all miners find it very difficult to recover their money, and some traders must hold their coins for certain amount of time. Selling coins at this time is like suicide or buying coins now and hoping prices will recover.

[Kemarit]

For this situation, almost all miners find it very difficult to recover their money, and some traders must hold their coins for certain amount of time. Selling coins at this time is like suicide or buying coins now and hoping prices will recover.

LOL. Miners have been stacking up bitcoins more than we can think of. They have plenty of reserves so I don't think they will have difficulty recovering their money. I guess this shakeout has eliminated more weak hands again and those strong hands knows what to do. Its just funny how majority feel this is the beginning of the fall of Bitcoin. LOL. This is just another challenge and for those who think that this market is a get rich scheme, this is another rude awaking for them.

[figmentofmyass]

I believe most of the blood has been spilled into the streets already. I was expecting another dip when we were at $5,500, and now we've had that drop. I think we'll probably hover around where we are for at most another month and a half. I don't see us dipping below $3,700 and I don't see us recovering before a months time. I've been wrong before, but this is what my speculation has lead me to believe.

any particular reason for the $3700 level?

i could definitely see price stopping at $3000, given that it was both resistance and support during the bull run last year.

Traders are predicting that we might get a dead cat bounce back to probably the $6000 range, and go back down to the $3000+ levels. Truthfully though, it honestly just could go either way.

that would be the logical course. we spent several months defending $6000---now all those bulls are bagholders. many will be looking to exit to minimize losses and that will probably keep a ceiling on the price for a while.

[gawer33]

very unusual market before when BTC is oversold whales is just constantly buying and never failed. stochastics shows it is still pretty much oversold today yet no sign of whales buying BTC, we are just witnessing history it just proves that "past performance does not guarantee the future results"-(I always heard this quote from traders). hopes that this will not my 1st lost trading with BTC.

[BuyBuyBitcoin]

Crypto Price Go Below Expectation

Who's expectation? There are enough people in bitcoin with a 5-10 year plan to hold, the price threads get tiring.

Just sell or don't buy if you aren't using money that won't be needed for a long time.

[imToken]

Yes, this is a bad news. Many of today's cryptocurrency investors are losing money, and some even lose millions of dollars. Now that cryptocurrency has entered a dangerous period, it is possible to depreciate at any time, which is very dangerous.

[manfredmann]

Fiat currencies were the first digital currencies when fractional reserve banking was permitted in the 1970s.

 Bitcoin is having a beneficial shakeout at the moment. All of the get rich quick speculators are leaving, and this is good for the long term future of Bitcoin. There is probably more scope for the price to drop in the short term in my opinion.

Well, not all are leaving permanently because we are still lurking in the forum and coinmarket.com website to get an update with bitcoin market price. This because we are still waiting for more dip before buying again bitcoin. The reason for this is that we want to make more bitcoin volume in our wallet. Probably whales are also like this just waiting for the right time to invest in bitcoin.