Bitcoin continues to decline?

[raden1922]

Do you think bitcoin will continue to fall to prices below $ 3000? I saw the market conidisi kept red, without green. At the beginning of 2019, there seems to be no sign of a change in a better direction. What do you think about this? Please give opinions that are simple but easy to understand. Thank you!

[jossiel]

Do you think bitcoin will continue to fall to prices below $ 3000?

I don't want to think about it but there's really a potential that it will be reached. We're $3,425 as of the moment and it keeps going down, so calculating the few bucks away there's a chance.

I saw the market conidisi kept red, without green. At the beginning of 2019, there seems to be no sign of a change in a better direction. What do you think about this? Please give opinions that are simple but easy to understand. Thank you!

I'm still good with it which means just because that the beginning of this year wasn't so good the end of the year won't be good too. Just give it time and let the market go on its own. There's more space and time for this year to recover.

[.gustafson]

At the moment, yes. But this doesn't mean that it will always be so. The movement always changes its direction, positive to negative, negative to positive. More and more people are selling bitcoin and looking in the direction of altcoins. But I still think that Bitcoin has a great future, it will outlive us all! I'm here until the end! (but honestly, I don’t think that the end will come)

[McVillan]

For long term hodl'ers it is not such a great time

Moon seems a distant memory ....

[jubilarian]

I saw it can hit 2x, even 1x in 2019. Bearish doesn't still end in this year. I don't want to see that. But market will decide it. I hope it will end soon in haft of year. 

[NeuroticFish]

Do you think bitcoin will continue to fall to prices below $ 3000? I saw the market conidisi kept red, without green. At the beginning of 2019, there seems to be no sign of a change in a better direction. What do you think about this? Please give opinions that are simple but easy to understand. Thank you!

It's hard to impossible to make predictions. It's crypto winter, the money is out of the markets.
It's the worse period in the market cycle and nobody knows for sure how long will last and how low will Bitcoin price go.
There are hopes that at some point this year the trend will reverse, but nothing is certain.

For long term hodl'ers it is not such a great time

Long term hodlers are still on profit. They have Bitcoin since before the days you heard about it and they went thru another such market cycle. For them it may be actually much easier than for the newcomers.

[Kakmakr]

Ok, first of all, nobody can give you a 100% correct answer on this question. Whatever they say would be pure speculation.  

We know that a SEC decision on a Bitcoin ETF is pending and that it would definitely have a huge impact on the price, but that will not happen within February anymore, because of the US government shutdown.

We also do not know if there will be any other positive or negative news that would be announced soon that would impact the price, so we just have to wait it out. We know that people are still investing in mining farms and also manufacturing and distributing of Bitcoin ATMs, so this is not going to end Bitcoin if the price drop a little more.  

[CryptoBry]

It is quite easy to speculate and when more and more people are speculating that Bitcoin and the rest of the cryptocurrency market can be going down then that vibe can be sending micro-shockwaves to the market and then what we are fearing can be coming true...as if a self-fulfilling prophecy. Now, this one of the nature of the free market even if sometimes subjected to manipulations by some powerful forces behind the curtain. Yes, the way I am seeing it now there is a big chance that things can be going down until it can meet the level of resistance and then after that it can start bouncing a little again. This is just another manifestation of an ongoing and persistent bear market which we all love to hate but there is nothing we can do but watch and observe.

[steampunkz]

Some other people say bitcoin price right now is still stable right now, Going only for 3400$ to 3700 USD minimum?

[Ottav1o]

most likely yes! and it will be difficult to keep track of (

[Eclipse2021]

Why so panicked? Bitcoin can drop to 2k but it does not mean that the crypto is done, it is just the end of the bear market similar to this...if you are holding for a couple if years then you should not be affected by current prices...

[MainIbem]

The Bull run has not taken off fully yet. Even when it (Bull run) starts, that does not mean the price will price will continue upwards without fluctuations. This is just one of the fluctuations the predictions need to read the next support level.

[piebeyb]

I only say a little about their lowest bitcoin price in 2019, if you like you can see my thread here, you might be able to see what I analyze there about bitcoin prices and their low prices, it's just speculation you don't need to believe but if predictions I am right, please consider it just a coincidence

[KingScorpio]

Do you think bitcoin will continue to fall to prices below $ 3000? I saw the market conidisi kept red, without green. At the beginning of 2019, there seems to be no sign of a change in a better direction. What do you think about this? Please give opinions that are simple but easy to understand. Thank you!

well there are two factors working against that

the gambling nature of american banks

and the huge foreing trade deficit of the americans that is now held by especially east asian state funds.

if you would evaluate bitcoin in euro it would decline much more painfully than usd.

i dont think there is hope, but there are still chances that the above mentioned 2 sins, could ease down bitcoins decline.

[kalstarzz]

it is true that Bitcoin is currently going down, and in my opinion whatever decisions we make in the bitcoin trade will never harm us, as long as we want to be patient and stay afloat.

[Pursuer]

bitcoin price is pretty much stable right now and it is not about to change for no reason. the only thing that can happen without any big news is a rise to begin since it is time for a rise because of the increasing demand. but any drop would require a big negative news and since this is a very low price below the market value of bitcoin such news needs to be a real big one otherwise it won't change a thing.

[Kemarit]

Do you think bitcoin will continue to fall to prices below $ 3000? I saw the market conidisi kept red, without green. At the beginning of 2019, there seems to be no sign of a change in a better direction. What do you think about this? Please give opinions that are simple but easy to understand. Thank you!

It's pretty obvious that no one in this community has the 'crystal ball' to see what the future holds. You also have to understand that the market works on cycles: bearish and bullish. So currently, we're in the bearish trend which means that their is a big chance that the price will fall or continue to fall. Of course, we don't like what we're seeing, however, we can take the opportunity to buy more bitcoins and wait till the market goes on a bullish run again.

[entebah]

In fact, this is good news for new investors who want the price of Bitcoin to be low, because they expect to be able to buy Bitcoin at low prices, so I personally always think positively in each of these price reductions, and for investors who buy at high prices, I think there is no other way besides holding your Bitcoin.

[Shiversnow]

Do you think bitcoin will continue to fall to prices below $ 3000? I saw the market conidisi kept red, without green. At the beginning of 2019, there seems to be no sign of a change in a better direction. What do you think about this? Please give opinions that are simple but easy to understand. Thank you!

We do not know if the price of bitcoin will might fall below $3000 or it will remain at the current price. I think its better to remain on its current than to fall below $3000. This year 2019 many people have big hope where they think there will be another bull run.

[goaldigger]

Youre not that new in crypto and i know that you know that no one knows how and when the bitcoin price will go up or down. All we are doing now is to speculate things up and its not a 100% accurate. For now, the price remains stable on $4K and hopefully its the bottom and start to increase tomorrow.