Downward Trend

[goyal.dkg]

With BTC no need to panic like stock market. In past 2 months it performed much better and still trend is bullish, correction is always needed for healthy upward movement so that support level must be strong enough in future. Also continuous growth in BTC will not help alts market too so we need some break from btc bull run and need alts market dominance to get increased while BTC remains stable above 10k USD.

[1Referee]

I really couldn't understand why people even thought the winter was over. It's not even really been much more than a year yet.

The market has done everything to indicate that the bottom is in with a very high degree of certainty. I don't blame people for being optimistic, but there is no valid point yet to be extremely bullish either. If we look at Bitcoin's history, it has always been very generous even in bull runs by providing people a second chance to buy lower.

I think people got blinded by the parablic increase and thought the price would shoot past the $20,000 level with ease. It's something we see when the price is going down as well, people always tend to exaggerate regardless of what direction the market is heading to. Price up is moon next month where price down is Bitcoin back to sub $1000 next month.

People wondering why they are wrong all the time should do the opposite of what they think should be done. Easy way to be wrong less often.

[exstasie]

And lest people forget, long term can mean anything between 2 years and 5 years, at least given the timeframe of Bitcoin's lifetime. If anyone thinks 1.5 years is long long long term, then they really need to adjust expectations. I really couldn't understand why people even thought the winter was over. It's not even really been much more than a year yet.

Time isn't a reliable metric regarding Bitcoin cycles. We can only look to the post-2011 and post-2013 charts to see how long the bear market took to complete. 2 data points makes for a very unreliable sample set.

Plus, let's look at the data from ATH to bottom. After the 2011 bubble, it took less than 6 months to find the ultimate bottom. After the 2013 bubble, it took 13 months. It wouldn't be atypical for the post-2017 bear market to take 12 months (December 2017 to December 2018) to find a bottom.

[boyptc]

Ups, highs, lows, downs are temporary.

Don't expect anything that will go up forever but there should be a dip that bitcoin has to go through to make itself show a better price.

[STT]

Going down for some days does not make it a trend.    Its reset back to a positive trend, thats the correct perspective.   It has to break below a positive uptrend line to begin talk of this downward trend even being a possible



Heres my view and I wont bother on detail so much but the white line is upwards and in my guess its indicative of a price trend positive over months.   The longer you can draw a trend, the stronger it is and harder to break.   Thats the backbone to the positive prices, it has two strands at least, we barely touched the first so far   [to be fair its challenging but I suppose thats normal, imo it should anyway be between each strand not above]

[creeps]

Is current crypto downward trend only temporary?

I think so, this should be temporary because we are soon to end the year 2019 and the bull trend should start again for us no to fall on another bear market. We can’t say its just a temporary downtrend, as far as the chart movement is concern we are still on uptrend but we might see the sideways over the months.

[Bustart]

Is current crypto downward trend only temporary?

I think so, this should be temporary because we are soon to end the year 2019 and the bull trend should start again for us no to fall on another bear market. We can’t say its just a temporary downtrend, as far as the chart movement is concern we are still on uptrend but we might see the sideways over the months.

The situation repeats itself as, and same situation was happening all over again. There's no stable market right now, and if you've observed some declination of market value of your assets, don't be disappointed. Eventually we will survive this, and you will be able to sustain even though the gradual market change will randomly fluctuate then recover back the loss.

[marcbitcoins]

Is current crypto downward trend only temporary?

The bullish run is interrupted but this is just temporary with lot of reasons like the usual minor corrections and some stolen Bitcoin from exchanges that are now being sold as we cannot expect some of these thieves to hold but they are always on instant money so keep holding your Bitcoin as this minor fall down is also an opportunity to buy cheap.

[FanEagle]

It is not a downtrend right now, its stabilizing right now, buyers bought as much as they can and the price went up and sellers sold as much as they were willing to these prices and right now they are about equals, price did went up to 13800 as I recall and right now around 11k so you may consider this a downfall but I think the price is still fine compared to what it used to be and we are still way more than we were just couple weeks ago when we were at around 8 thousand dollars.

So, all in all we are still doing just fine and need to wait for a bigger fall for consecutive days to call it a downward trend, just one big fall doesn't considered to be a "trend", a huge whale could sell all his coins and drop the price, would you call that a downward trend? You wouldn't, this is the same idea.

[romero121]

It is not a downtrend right now, its stabilizing right now, buyers bought as much as they can and the price went up and sellers sold as much as they were willing to these prices and right now they are about equals, price did went up to 13800 as I recall and right now around 11k so you may consider this a downfall but I think the price is still fine compared to what it used to be and we are still way more than we were just couple weeks ago when we were at around 8 thousand dollars.

So, all in all we are still doing just fine and need to wait for a bigger fall for consecutive days to call it a downward trend, just one big fall doesn't considered to be a "trend", a huge whale could sell all his coins and drop the price, would you call that a downward trend? You wouldn't, this is the same idea.

What we experienced too wasn't a perfect bull run, it is all about the increased investment that kept the market to boom big for a short time period. Now the investment has kept falling and the same has caused the fall in the marketcap which is getting reflected over the price of each and every cryptocurrency.

This trend will get continued for some period experiencing correction and further will be the growth that could take the price to the level from which it has begun to fall slowly.

[nowlscor18]

This was just a temporary price declination, and that's normally to occur specially when surges of btc price remain gradual at quicker instances. Short term traders will play with the market and will take profit from buy and sell. Don't get emotional on that certain situations, we'll still able to survive on this.

[klaaas]

The bullish run is interrupted but this is just temporary with lot of reasons like the usual minor corrections and some stolen Bitcoin from exchanges that are now being sold as we cannot expect some of these thieves to hold but they are always on instant money so keep holding your Bitcoin as this minor fall down is also an opportunity to buy cheap.

It are also the quick profit makers and chart traders who are doing there thing. I think it is to early to say a downtrend is started.

[bitbunnny]

Is current crypto downward trend only temporary?

I think so, this should be temporary because we are soon to end the year 2019 and the bull trend should start again for us no to fall on another bear market. We can’t say its just a temporary downtrend, as far as the chart movement is concern we are still on uptrend but we might see the sideways over the months.

I would agree this is only temporary and I would call it correction. To my opinion it was kind of expected after so fast rise that usually don't last very long in continouity.
There is no reason for any panic and the price will recover. But it will not be so fast that price will go up to 15000$ or more.

[stadus]

Is current crypto downward trend only temporary?

I guess so because we are in the bullish period now, any downtrend is just a short correction, so temporary. 

[Kemarit]

Is current crypto downward trend only temporary?

I guess so because we are in the bullish period now, any downtrend is just a short correction, so temporary. 

Yes, but we don't know how long this downtrend will be. I thought that the bleeding had stop, but by looking at the charts right now, its seems that they're panicking so say the least as the price continues to go down < $10000.

On the bright side, 4 digits again? Another perfect opportunity to get it, doesn't mean full BTC, just a small portion and see how this dip will go and continue to accumulate.

[stadus]

Is current crypto downward trend only temporary?

I guess so because we are in the bullish period now, any downtrend is just a short correction, so temporary. 

Yes, but we don't know how long this downtrend will be. I thought that the bleeding had stop, but by looking at the charts right now, its seems that they're panicking so say the least as the price continues to go down < $10000.

On the bright side, 4 digits again? Another perfect opportunity to get it, doesn't mean full BTC, just a small portion and see how this dip will go and continue to accumulate.

We are living on what we believe now, and I'm bullish this year, so I'll never get intimated of holding with all those FUDS or whatsoever.
The time has come and this year is gonna be a start of the recovery, and I know it will never be consistent going up but this will sure end up better than the previous year. So HODL! people...

[UnDerDoG81]

A pullback to 2k ish would help to go parabolic in 2020! Even me as an "early" adaptor and hodler since 2014 would consider to buy some more coins for 2k with all I have saved over the years.

[Ziskinberg]

A pullback to 2k ish would help to go parabolic in 2020! Even me as an "early" adaptor and hodler since 2014 would consider to buy some more coins for 2k with all I have saved over the years.

Have this thing sorted out and giving us chances to fill our bag more BTC cause I'm too positive that it will surprisingly pump. Will have to believe that this year is a year for crypto and expected to have another ATH but it is quite not easy to look at. We are all aware of this dump and pump events and there is no need to lose our hopes. Stay calm.

[Naida_BR]

Is current crypto downward trend only temporary?

It was a normal one, as we faced extremely upward trends.
A correction was needed in order to bring the market in a normal level. However, I don't really know what it happens with altcoins. They should follow so sharply the downturn.

[STT]

A pullback to 2k ish would help to go parabolic in 2020! Even me as an "early" adaptor and hodler since 2014 would consider to buy some more coins for 2k with all I have saved over the years.

Im not sure about 2k because that would make at least some people give up trying or paying attention to Crypto.   I'm not saying they are correct but there is the fair weather crowd and theres the people who know all seasons to crypto and have judged its worth holding through winters as well as heady summer days.

The majority of interest might come in from the positive gains to BTC, we need a stronger backbone of business to really make this whole deal rise year on year.     Overall there is no downward trend, BTC has kept rising long term and only pulled back quite harshly before recovering again.