Bitcoin continues to decline?

[gabmen]

Really we see again a price drop but maybe the price will not drop below 3000$ and possible stay at this range for a long time. I didn't expected such a low price at this time for bitcoin, but maybe this happen before a new bull run.

This seems that some of the big players are just awaiting the prices around 3k and they will buy in bulk which will lead to huge price rise. People will make huge money if they stay invested now rather than buying at high price or wait for further correction as it could start to rise soon.

Or big players may still opt to wait until the price drops lower before buying lol. They can even sell in bulk to make that happen 😆 though if we are going to make a recovery, i doubt it'll come from a bull run. I don't think we're going to get the same movement as 2017 for a long time. It's going to be a lazy, boring 2019 at least for the first half.

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[eaLiTy]

Or big players may still opt to wait until the price drops lower before buying lol. They can even sell in bulk to make that happen 😆 though if we are going to make a recovery, i doubt it'll come from a bull run. I don't think we're going to get the same movement as 2017 for a long time. It's going to be a lazy, boring 2019 at least for the first half.

That is a possibility that the market might go down lower from this position before the next recovery but I do not see any wild rallies but will built steam eventually and it will touch atleast the present all time high valuation but I expect the recovery starts by the end of this year.

We should be focusing on getting rid of the whale dependency by increasing the volume of bitcoin and all other coins and just make it a stable economy instead of this whale run speculative and manipulative show we have right now.

It is hard to get rid of the big investors or whales in any market as they control the market and that is the only reason why stock market has a regulation in place about no inside trading, bitcoin is not having that kind of hindrance and inside trading is prominent in this market, so never think that there will be a market without huge players.

[South Park]

I do not understand the need for whales in bitcoin community. Everyone is either afraid of whales (and angry towards them) for dropping the price by selling a lot of coins all at the same time making it worth less or they love the whales for buying a lot of coins and increasing the price.

If we had a lot of people who buy and sell bitcoin constantly and even at this price if the volume was x50 of what it is today then we wouldn't be caring about what whales will do because we would have such a high volume that what whales do wouldn't effect the price of bitcoin.

We should be focusing on getting rid of the whale dependency by increasing the volume of bitcoin and all other coins and just make it a stable economy instead of this whale run speculative and manipulative show we have right now.

But you cannot have such huge volumes to begin with because the whales have most of the coins, in fiat you can weaken the whales thanks to the increase in the money supply but when the money supply is fixed as it is in bitcoin you cannot do the same, whales will never disappear and we will keep being extremely dependent on them in the short term, but I honestly do not see the problem if you want to be successful in this market the only thing you need to do is to copy them and their movements.

[miningguru]

Yes, the price of bitcoin is kept declining in the market, makes many people to think negative about the situation. Which many people are getting panic about the situation and now it is impossible to sell them in the market due to bitcoin price. We won't get any profit until the price of bitcoin should increase in the market.

[Idrisu]

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!

Another pattern is currently be set up and if that succeed then bitcoin bearish trend is over.  I doubt if bitcoin is going to go below $3000 as many experts are predicting. The current issues surrounding ETF is the major reason why bitcoin may not fall below $3000.

[deisik]

We should be focusing on getting rid of the whale dependency by increasing the volume of bitcoin and all other coins and just make it a stable economy instead of this whale run speculative and manipulative show we have right now.

It is hard to get rid of the big investors or whales in any market as they control the market and that is the only reason why stock market has a regulation in place about no inside trading, bitcoin is not having that kind of hindrance and inside trading is prominent in this market, so never think that there will be a market without huge players.

Regulated exchanges are also caught doing all kinds of nefarious things

But I don't really think that it is manipulation and lack of regulation which is the root of the problem here (i.e. speculative and manipulative show we have right now). Even if there were no manipulation going on, that wouldn't change things to the better in a big way. Probably, we wouldn't have such extreme levels of volatility, but you can't really expect stable prices from a highly speculative asset. Volatile prices are an inevitable result of Bitcoin's speculative nature

The only way to turn off this show for good is to change Bitcoin into a real asset having real value by far surpassing speculative one. How to actually do that is a one zillion dollar question, though

[fasdorcas]

I do not understand the need for whales in bitcoin community. Everyone is either afraid of whales (and angry towards them) for dropping the price by selling a lot of coins all at the same time making it worth less or they love the whales for buying a lot of coins and increasing the price.

If we had a lot of people who buy and sell bitcoin constantly and even at this price if the volume was x50 of what it is today then we wouldn't be caring about what whales will do because we would have such a high volume that what whales do wouldn't effect the price of bitcoin.

We should be focusing on getting rid of the whale dependency by increasing the volume of bitcoin and all other coins and just make it a stable economy instead of this whale run speculative and manipulative show we have right now.

But you cannot have such huge volumes to begin with because the whales have most of the coins, in fiat you can weaken the whales thanks to the increase in the money supply but when the money supply is fixed as it is in bitcoin you cannot do the same, whales will never disappear and we will keep being extremely dependent on them in the short term, but I honestly do not see the problem if you want to be successful in this market the only thing you need to do is to copy them and their movements.

Not if you increase the price of bitcoin. If you keep on buying bitcoin in the end "whales" only think of their profits and eventually they will sell, which means if you have lets assume 50+ billion volume daily instead of 2 then you will keep the whales on their toes and you will control the market as a whole not just couple people. It wouldn't be the poor but it wouldn't be the rich that controls the market.

It will go wherever it goes and no big one thing could change it. When the volume is this low whales do control the way you say they control but that Is because they can, however when its over 50 billion dollars they will put their coins into the market as well making it everyone's game instead of just them. They will not be capable of changing the market which means they will not have a reason to keep on playing these games.

[deisik]

I do not understand the need for whales in bitcoin community. Everyone is either afraid of whales (and angry towards them) for dropping the price by selling a lot of coins all at the same time making it worth less or they love the whales for buying a lot of coins and increasing the price.

If we had a lot of people who buy and sell bitcoin constantly and even at this price if the volume was x50 of what it is today then we wouldn't be caring about what whales will do because we would have such a high volume that what whales do wouldn't effect the price of bitcoin.

We should be focusing on getting rid of the whale dependency by increasing the volume of bitcoin and all other coins and just make it a stable economy instead of this whale run speculative and manipulative show we have right now.

But you cannot have such huge volumes to begin with because the whales have most of the coins, in fiat you can weaken the whales thanks to the increase in the money supply but when the money supply is fixed as it is in bitcoin you cannot do the same, whales will never disappear and we will keep being extremely dependent on them in the short term, but I honestly do not see the problem if you want to be successful in this market the only thing you need to do is to copy them and their movements.

Not if you increase the price of bitcoin. If you keep on buying bitcoin in the end "whales" only think of their profits and eventually they will sell, which means if you have lets assume 50+ billion volume daily instead of 2 then you will keep the whales on their toes and you will control the market as a whole not just couple people. It wouldn't be the poor but it wouldn't be the rich that controls the market

That's an old tune, and I remember quite a few people were singing it in the second half of 2017 when prices started to surge for real. Their whole idea was that with higher prices we should somehow expect the market to stabilize. But even before the late December 2017 crash I was telling that it actually works in quite the opposite direction, and with higher prices comes higher volatility

You guess who was proved right in the end

[daarul50]

Even though many people don't expect this to happen but everyone doesn't do anything, they can only follow the flow that is happening on the market today. The decline for some people is natural because any investment will definitely experience the same fluctuations as bitcoin at this time. But, we need to know, the market situation will not always experience a continuous decline, there are times when the market trend will turn around, we just need to be patient to wait for that time to come while saving to increase the assets we have.

[joy99]

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!

Bitcoin has been predicted to rise and fall many times. No one has been very accurate in their predictions but looking at the place where bitcoin's price is hanging, it is very easy to predict that it will further dip to below $3000 than to predict that bitcoin will rise to $5000. So all these are cheap predictions that people are circulating all over.

[raden1922]

something that unpredicted with exactly often makes us surprised, now the surprise is indeed sustainable and has succeeded to decreasing the interest, this is like the ugly side of bitcoin which seems to be getting weaker due to many things that make it weaker until the demand decreases, especially those who invest in the long-term. many looks disappointed and had finished everything.

I think maybe it will be more different if indeed bitcoin is more accepted/recognized in various countries and used well in terms of its advantages.

Many people have been disappointed by the decline in the price of bitcoin, but until when will continue to be disappointed. These days the conditions have started to improve a little, but will it continue to rise? Of course it can't be predicted, unless ETFs start giving the good news by agreeing. Maybe it will make the price jump up.

[Shinpako09]

You don't need to worry about decline if you have trust in btc that it will go up again in the right time. People complain on why the price moves different from their expectation. It seems they still doesn't know that we have short time in up and we have longer time in down. Wether you like it or not, that's how it works. It's all about patience.

[South Park]

Not if you increase the price of bitcoin. If you keep on buying bitcoin in the end "whales" only think of their profits and eventually they will sell, which means if you have lets assume 50+ billion volume daily instead of 2 then you will keep the whales on their toes and you will control the market as a whole not just couple people. It wouldn't be the poor but it wouldn't be the rich that controls the market.

It will go wherever it goes and no big one thing could change it. When the volume is this low whales do control the way you say they control but that Is because they can, however when its over 50 billion dollars they will put their coins into the market as well making it everyone's game instead of just them. They will not be capable of changing the market which means they will not have a reason to keep on playing these games.

The fiat volume and the price of bitcoin are irrelevant, we are buying and selling bitcoin and the whales are holding bitcoin not fiat, so it is irrelevant if the volume in terms of fiat skyrockets, the whales can still crash the price with their bitcoin by altering the supply available for sell and they can make the price go up by making bitcoin more scarce by holding it, so more people and more fiat money in the market will not really make a difference.

[yohananaomi]

I really believe that what you worry about the price of Bitcoin will drop below the price of $ 3K will never happen and there is no need to panic and be pessimistic. we know that after falling steadily from the beginning of 2018, the price of bitcoin in recent months has never been too far between up and down. so I estimate that this price is quite stable and won't shake it to fall below $ 3K. so this is a very positive sign, that bitcoin can indeed keep prices from falling freely. I have a prediction that in Q2 this year Bitcoin will show its strength again. I am very optimistic that Bitcoin will rise again and it is clear that crypto followers will feel that way too.

[gilangIDR]

I really believe that what you worry about the price of Bitcoin will drop below the price of $ 3K will never happen and there is no need to panic and be pessimistic. we know that after falling steadily from the beginning of 2018, the price of bitcoin in recent months has never been too far between up and down. so I estimate that this price is quite stable and won't shake it to fall below $ 3K. so this is a very positive sign, that bitcoin can indeed keep prices from falling freely. I have a prediction that in Q2 this year Bitcoin will show its strength again. I am very optimistic that Bitcoin will rise again and it is clear that crypto followers will feel that way too.

We all believe that Bitcoin will increase, especially in 2019 there are some positive sentiments that can support the direction of the development of bitcoin in the future. Some important points such as the increasing number of places that accept Bitcoin payments can be a reference for our belief in Bitcoin this year. Hopefully what happens in 2018 will not happen again and we get an opportunity to achieve positive results in the beginning of 2019.

[marcbitcoins]

It is too early to predict of what will be the future of Bitcoin and the whole crypto currency this year as we have 10 months left before next year. There are lot of development that will need results after implementation in which we really don't know if these developments will favor Bitcoin like if ETF will be approved this year in which many are hoping that it will trigger the bullish run.

[Caladonian]

I really believe that what you worry about the price of Bitcoin will drop below the price of $ 3K will never happen and there is no need to panic and be pessimistic. we know that after falling steadily from the beginning of 2018, the price of bitcoin in recent months has never been too far between up and down. so I estimate that this price is quite stable and won't shake it to fall below $ 3K. so this is a very positive sign, that bitcoin can indeed keep prices from falling freely. I have a prediction that in Q2 this year Bitcoin will show its strength again. I am very optimistic that Bitcoin will rise again and it is clear that crypto followers will feel that way too.

We all believe that Bitcoin will increase, especially in 2019 there are some positive sentiments that can support the direction of the development of bitcoin in the future. Some important points such as the increasing number of places that accept Bitcoin payments can be a reference for our belief in Bitcoin this year. Hopefully what happens in 2018 will not happen again and we get an opportunity to achieve positive results in the beginning of 2019.

It's still be depending from how people who believes in this industry will manage to hold and keep investing, I also looking for more good movements
while waiting for the bull run back, those things you mentions can start the good trend as many countries are also been reported to acquire/accept bitcoin
for transacting inside their jurisdictions, adoptions is the best thing to happen and will trigger the climbed instead of moving downwards.

Hard to predict but by continuing the progress, rising is much anticipated than decline.

[davinchi]

I think the main trouble could be the unexpected drops, thats what killed the economy so far, from the beginning of the bear with the mt.gox turstee selling like 34 thousand bitcoins at the same time to the latest craig wright selling god knows how many in half an hour to pay for his hash power provider, the trouble has always been the whales selling their coins all at once. If we can have a decent year without the big unexpected drops than we can go big for sure.

Aside from those type of problems bitcoin will be going up and more and more people will want to buy bitcoin both because of the crypto companies getting bigger and providing more stuff and also for stuff like BAKKT and so forth so they could invest. Basically without any bad interruption bitcoin will definitely go up.

[wildey]

It is too early to predict of what will be the future of Bitcoin and the whole crypto currency this year as we have 10 months left before next year. There are lot of development that will need results after implementation in which we really don't know if these developments will favor Bitcoin like if ETF will be approved this year in which many are hoping that it will trigger the bullish run.

well, sometimes people are so quick to conclude something and that makes them pessimistic. I think you're right, we don't know the developments that will happen later. we don't know, maybe there are many things that can make bitcoin prices rise in the future.