Fire in the market: Bitcoin is below $4000

[jdebunt]

Buying Bitcoin at these prices is the same as catching a falling knife. Most people would agree there is a genuine chance the price will bounce back fairly quickly, but sustianing such a run is something else entirely. It is not something that can be done under these current circumstances.

Traders will rather wait to buy Bitcoin and risk missing out on some profits than buying in now and seeing prices slide even further in the coming weeks.

Personally, I have no idea how low the price will go, although I do expect it to test $3,000 at some point. I wouldn't mind being proven wrong on that front, but for now, all signs point toward more bearish pressure. When that is the case, most level-headed traders will not buy at current prices and simply wait for a lower entry point to materialize.

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[mornabo]

This downfall is a best time to buy with the unexpected price of bitcoin. We just need enough patience to hold our coins and not be affected with this downfall as this will bounce back.

Hoping that it could bounce back. But, what if it will not go bouncing and instead it will just continue to fall down? I know that I am a fan also of cryptocurrency but the team should need some promotions and adaptations to every country that the system should be to create more demand for cryptocurrency and better and active trading system.

Your idea is quite strange, who is the team that will do the promotion for bitcoin ? btw we have reached the end of the year, and maybe there won't be too much price difference until the end of the year. there is no special thing will happen in a short time, so it seems there will be no pump price until the end of the year

[el kaka22]

It looks as if 4 thousand is the bottom, whenever it goes down further to 3800 or so levels it goes back up, I think it even looks like a good trading point and some of my friends did it this time around, they purchased bitcoin from 3800 and sold at 4180 or so. I think the price is having a good resistance to dropping below 4 thousand dollars and not going any further down anymore.

Not like it can't, we know bitcoin can drop significantly when something huge happens but for now it looks stable at around 3.8 and 4.2 levels. The question in my mind is that when the "shorting" started a lot of whales took advantage of that, will it be the same when Nasdaq starts their ETF as well ? Will rich people bet on bitcoin dropping ? If that happens than we can see even further drop than this one.

[Triwiyono]

maybe the price of bitcoin can go down even more, I predict if the price of bitcoin will reach $ 2000 by the end of the year. but we don't need to panic, surely the price will also recover. in my opinion it maybe also decrease the price of bitcoin because someone can manipulate the price. For to buy bitcoin at a low price from people who sell in panic.

[raidarksword]

Market this year was really aggravating and many people are really in panic mode that's why prices are keep going down despite all the community efforts to keep bitcoin's prices at bay. If bitcoin will hit below such price then this could create more dilemma that could create another meltdown market crash.

[Twentyonepaylots]

The market starts scaring the shit out of me. What the hell is wrong with the cryptocurrency market? What on earth is going on in the cryptocurrency market? I used to justify the recent market crash as a 'fake dump' but now it starts freaking me out! So, where do you guys think is the next bus stop for bitcoin? I'm thinking isn't this beyond 'hash wars' or Bakkt launch fake dump by the whales?

It might be hurting your or anybody's portfolio, but it is an opportunity, isn't it? Bitcoin hasn't been that cheap since September of the last year. If you believe there is a value in Bitcoin, simply buy 

 Yes, fire on crypto currecy market..we can seen a lot of Speculation on what to be expected on Bitcoin.. yet the down stream trend was not predicted as it was put on speculation. Will never know really how Bitcoin closed the 2018 market given the 3weeks period left. We can seen the active crypto market again..yet more on sell off... i looking forward to a more positive year end market trading for crypto. as it is always Correction follows after the market glitz..good luck lets monitor what will happen next...

[princeyeboah]

Market this year was really aggravating and many people are really in panic mode that's why prices are keep going down despite all the community efforts to keep bitcoin's prices at bay. If bitcoin will hit below such price then this could create more dilemma that could create another meltdown market crash.

People are in panic mode because they relied on a false concept and anticipated wrongly. We all agree that the crypto market does not follow a fixed pattern, hence why the November/December bull market anticipation? Lot of investors had the thoughts of seeing a bull market during this month of the year in order to make some profit perhaps for the holidays and once the market showed no sign of such, these investors decided to withdraw and save some money for the holidays.
Let's remember, this is crypto and it is driven by us (users) and not any central authoritative body, hence our attitude towards the market is what determines its value and prices. Let's stay positive and keep calm, there is no point in panic selling. The market will definitely rise again.

[xiaoY]

Don't worry, this is not the only cryptocurrency market. The same problem arises in the global financial markets. If this problem is not suppressed, the war in some areas may be inevitable. This is a conspiracy of politicians. When the national economy does not When the stability of the national system is in crisis, they will use war to unify. I am worried about war.

[TheUltraElite]

Market this year was really aggravating and many people are really in panic mode that's why prices are keep going down despite all the community efforts to keep bitcoin's prices at bay. If bitcoin will hit below such price then this could create more dilemma that could create another meltdown market crash.

Panic pushes the market because there is no end to the amount of speculation going on and some people are always making sure to cash out in the loss because they never trusted the asset in the first place. LOL

Truth is many people joined in the bandwagon when price was sky high at the ATH and then were bound to become suckers because of this mistake. Manipulation drove people to buy without analyzing price charts. This happens when you follow someone else's advice to invest into something without knowing about it.

[manfredmann]

Bitcoin prices have risen above $4,100, hardly able to drop to $4,000 again?

Unfortunately it drop already to 3.4K USD as of this moment recorded on coinmarketcap.com today dated December 07, 2018. I guess that this is cryptocurrency and everything is possible. We could not know also that bitcoin will going to bounce up even up to 20K USD again.

[Tetutu]

Market this year was really aggravating and many people are really in panic mode that's why prices are keep going down despite all the community efforts to keep bitcoin's prices at bay. If bitcoin will hit below such price then this could create more dilemma that could create another meltdown market crash.

Now the price of bitcoin is below USD 4,000 and creates a dilemma between holding or selling bitcoin. Incorrect analysis can lead to loss and regret, because prices can suddenly rise or even decline. Panic in the crypto market can further reduce the price of bitcoin.

[onrise]

Bitcoin prices have risen above $4,100, hardly able to drop to $4,000 again?

Unfortunately it drop already to 3.4K USD as of this moment recorded on coinmarketcap.com today dated December 07, 2018. I guess that this is cryptocurrency and everything is possible. We could not know also that bitcoin will going to bounce up even up to 20K USD again.

Do not worry much about it as market will rise eventually and this seems to be the near about the bottom price and we should soon be starting the bull run . Hopefully it happens this year itself so that people can have a great New Year to start with. Stay invested in this market.

[kumala_abi]

Bitcoin prices have risen above $4,100, hardly able to drop to $4,000 again?

Unfortunately it drop already to 3.4K USD as of this moment recorded on coinmarketcap.com today dated December 07, 2018. I guess that this is cryptocurrency and everything is possible. We could not know also that bitcoin will going to bounce up even up to 20K USD again.

Do not worry much about it as market will rise eventually and this seems to be the near about the bottom price and we should soon be starting the bull run . Hopefully it happens this year itself so that people can have a great New Year to start with. Stay invested in this market.

we have to see that bearish trend still has power in market now.they controll the market now and we hope that angel investors to could help cryptocurrency market recovered.and maybe it could happen if BAKKT already launched.

[calya]

Bitcoin prices have risen above $4,100, hardly able to drop to $4,000 again?

Unfortunately it drop already to 3.4K USD as of this moment recorded on coinmarketcap.com today dated December 07, 2018. I guess that this is cryptocurrency and everything is possible. We could not know also that bitcoin will going to bounce up even up to 20K USD again.

Do not worry much about it as market will rise eventually and this seems to be the near about the bottom price and we should soon be starting the bull run . Hopefully it happens this year itself so that people can have a great New Year to start with. Stay invested in this market.

we have to see that bearish trend still has power in market now.they controll the market now and we hope that angel investors to could help cryptocurrency market recovered.and maybe it could happen if BAKKT already launched.

personally i hope cryptocurrency community will help its price by their own self.depend on other investors especially form institutional investors make this market easy to manipulated.

[yusupjatigumilar]

now is the right time to buy large amounts of bitcoin at low prices, of course this will make you get the maximum profit because indirectly when you buy in large amounts of food it will trigger the price to move up this price increase will make a lot people also buy because they also want to make a profit, so take advantage of the best opportunities to get maximum profits

[munareal]

A lot of people to hear the worst of bitcoin so that they can say I told you so. The market will rise again and I will be the one telling them I told you so instead. Bitcoin will pick up no doubt about that

[sarmrakib]

Bitcoin is a super coin .I have a great experience on Forex and i noticed a lots of time that market are falling hugely on down .So that i think its a common habit of market to move ups and downs .But now we are thinking a lot for the recent situation i think all of the fake news are acting much on their .I think there is no possibility to up the market above 4000$ in this year end .Hopefully we will find the market on bull momentum in the next year .I am waiting for the right time so being patience and suggest it too.

[Woolles890]

I think the downturn in bitcoin will pass, and will return with a better value. Slowly the bitcoin market will have more value and increase.
Investors will return and the quality of bitcoin will get stronger.

[SvonioneFromMangoCoinz]

I think it will never go down for $ 3000. Our market is recovering and I think this is the bottom of the market. It only ranges from $ 3000 - $ 4000. So this is the time to trade.

[South Park]

This downfall is a best time to buy with the unexpected price of bitcoin. We just need enough patience to hold our coins and not be affected with this downfall as this will bounce back.

Hoping that it could bounce back. But, what if it will not go bouncing and instead it will just continue to fall down? I know that I am a fan also of cryptocurrency but the team should need some promotions and adaptations to every country that the system should be to create more demand for cryptocurrency and better and active trading system.

I disagree with this, we must not compromise bitcoin in any way or form the moment we do that bitcoin is over, we must let people to adopt bitcoin at their own speed, people like us are very enthusiastic about the technology and that is why we are here even if bitcoin still has some issues to solve but most people are not like us and will want to use bitcoin once those issues are solved.