Why bitcoin is falling and when will it end? [ANSWERED]

[exstasie]

Blame the ICO scammers. People have fear of investing in altcoins now because of them.

With a few exceptions and some minor pump and dumps, the altcoin market was bloody in 2014-2015 and dead in 2016. The current sentiment is part of the same market cycle.

The altcoin market may remain dead until BTC makes a new ATH and corrects. That's what happened in 2017.

[nl247]

I wasn't expecting the ATH to be overtaken by this year and this is why I'm not surprised with the sliding. Although, it is a kind of correction but I can't say when we are going to see a stop.

We've passed the last high, you should be looking for the next bottom. I call between $1k and $2k.

Really... If bitcoin gets to that, what do you think of altcoins

No-one would give you a definite answer as to what is going to happen to any market. Either two things for Bitcoin right now;
1. We have switched to a long term uptrend and right now some little correction which should give us a higher low when the correction completes
2. This is just a bull trap and we could still have more downside. However, this should be glaring based on certain psychological supports leading to a lower low, but a good time to load up more.

As for altcoins, we all know the answer to your question. Some are already dead as at now, more would die and basically for the altcoins with no usefulness, which most of them are, death is inevitable anyway.

[tukagero]

I agree that alts needs time to grow so that the market will be healthy as there are correlation between BTC and alts. But how can alts grow when altcoins investors are not willing to gamble on them and would rather go into BTC. Altcoin market of 2016-2017 is very different now as investors are getting smarter.

Blame the ICO scammers. People have fear of investing in altcoins now because of them.

true!! Even bounty hunters sometimes do no get what they deserve because of these ico scammers. A healthy crypto world is when there is no already scammers.

[samcrypto]

I still believe this year the BTC will touch the new ATH and the fall now is just a correction so don't panic too much about the current situation.

They are making reasons for this current downfall, some creates panic and some encourage everyone to buy more. If we panic and settle already for the current price, then we might miss the opportunity when the price pumps again. We might not achieve to make new ATH this year, but the price will go up above $13k level, I’m confident with this.   

[guoyu78]

I still believe this year the BTC will touch the new ATH and the fall now is just a correction so don't panic too much about the current situation.

Quite hard to really tell but as you said, it is possible, bitcoin is too volatile to be predicted, and any factor could just rise up now and then spark a fire in the market that will cause big FOMO and you see everyone rushing to buy bitcoin as soon as they can, so I still believe to that it is likely we get there towards the end of the year, but if we don’t, at least we will get a little close, if we can get to$15k by the end of the year, then we will surely pass above that $20k starting the year with that $15k.

We can imagine what will not happen when the halving of may come meeting us already at $20k, then I will believe those who saw that by next year, it is also likely that bitcoin reaches $50k before ending its dominance for the main time and then back to bear market.

[gantez]

I still believe this year the BTC will touch the new ATH and the fall now is just a correction so don't panic too much about the current situation.

Do you have any analysis to support this? We are almost to the end of this year and no big move so far from bitcoin. I think we should just take this year's price the way we see it and not look at a big move but if it comes, is also nice for profit taking.

[Ridwan Fauzi]

I still believe this year the BTC will touch the new ATH and the fall now is just a correction so don't panic too much about the current situation.

Do you have any analysis to support this? We are almost to the end of this year and no big move so far from bitcoin. I think we should just take this year's price the way we see it and not look at a big move but if it comes, is also nice for profit taking.

There are several ways to predict bitcoin price in the future, but yeah there is no certainty or even can be trusted easily. I remember when bitcoin price went up at 2017 ago and at that time there is many specualtion who made that bitcoin price will goes up again in 2018 but that is only prediction.

Related to getting profit it is actually depends on your ability to take advantage in any condition. As you may know bitcoin price is volatile and you can saw with the movement price a few days ago such as fall to 9k and went up again to 11k we can say it is an adventage to gain profit.

You can buy at the lower price and sell it at the high price but you must be patience when the price goin down more than you bought it.I believe bitcoin price will goes up in 2020, the reason is simple i.e the halving event will come and you can learn the history when the halving event come the price bitcoin will goes up.

[SquallLeonhart]

If the price is not increasing even then it is not big deal just try to buy more and more bitcoins this is the most profitable investments on this earth no need to lose hope year is not yet ended it takes only single day to see the price of bitcoin pumping so never underestimate bitcoin it has the highest potential.

Majority of us have faith in bitcoin and believes that in the next 5 years, the price of bitcoin will land on $100k, and if we believe that, is that not what we are supposed to be preparing for? And how do we prepare for it, by buying as much dip as we can buy when we see one, so when people see the price of bitcoin falling, I don’t know why they still ask what is falling it instead of accumulating more and more of it until they are satisfied and confirmed they are set for the future.

If their preparation is set for the next ATH, we are supposed to still be hoping to get cheaper price now also in preparation to tat. The next bull run might peak at $40k and if we buy at those $10k,  is that a very huge profit that will be no imagine if we buy at $8k?

[BitHodler]

The next bull run might peak at $40k and if we buy at those $10k,  is that a very huge profit that will be no imagine if we buy at $8k?

By what time frame? Before we break the $20k all time high we might very well test the $6000-$6500 range again. If we do happen to tank that far down, I'm pretty sure that will shake out a lot of moon boys.

People mostly don't get what they prepare themselves for. Last year they were expecting a bull run but got a massive crash instead. This year people were expecting the price to dip under $3000 but got a massive pump instead.

The same applies to the altcoiners waiting for an altcoin season with loaded bags. It's not going to happen until people lose faith and capitulate. Markets can stay irrational longer than you can stay solvent.

[Hamphser]

We don't expect that it will run shortly and recover easily. Such declining scheme will stop sooner but we don't know when.
Only we have to do is to keep calm, this is not a worrying scenario. Besides, this market flows and prices may vary all the time...

You have said what many don't see. They want price to keep going up and higher like that without some slowing down. This is a currency that really fluctuates and it is investors duty to try understand the movement and make money from it, that is trading.

Price fluctuations is good it gives profit to us buying at low price is good it can save your future and it today’s best reward for waiting with time we gain income from bitcoin. Falling price gives good chances to earn money I don’t consider the decline of price as wrong tern but I use the chance and collect high number of coins.

Falling price do give us the chance to buy of what we have lost during the time of panic selling due to FUD also. Price fluctuation is uncontrollable movements in the market and making your own TA will take you to your closest next prediction of the price.

[South Park]

The next bull run might peak at $40k and if we buy at those $10k,  is that a very huge profit that will be no imagine if we buy at $8k?

By what time frame? Before we break the $20k all time high we might very well test the $6000-$6500 range again. If we do happen to tank that far down, I'm pretty sure that will shake out a lot of moon boys.

People mostly don't get what they prepare themselves for. Last year they were expecting a bull run but got a massive crash instead. This year people were expecting the price to dip under $3000 but got a massive pump instead.

The same applies to the altcoiners waiting for an altcoin season with loaded bags. It's not going to happen until people lose faith and capitulate. Markets can stay irrational longer than you can stay solvent.

Exactly, people seem to have the idea that the price moves in a linear way but we only need to look at the way the price of bitcoin or any other coin moves to know that is not true, the price could break the 9k barrier the next time it goes down and I will not be surprised if this was the signal many whales needed to get out of the market and make the price to go down significantly, and the problem is that many investors are expecting the bull run to continue but if there is no one else fuelling the positive movement of the market then the market will have no option but to go down.

[SquallLeonhart]

people seem to have the idea that the price moves in a linear way but we only need to look at the way the price of bitcoin or any other coin moves to know that is not true, the price could break the 9k barrier the next time it goes down and I will not be surprised if this was the signal many whales needed to get out of the market and make the price to go down significantly, and the problem is that many investors are expecting the bull run to continue but if there is no one else fuelling the positive movement of the market then the market will have no option but to go down.

For now, the market still breathes ion speculation and there has been many people that are trying with the positive review they do give about bitcoin often in other to fuel that positive movement for bitcoin.

I actually understand you, we need adoption that will continue to fuel this movement of bitcoin and not just speculation again, because a time will come that people would have been used to speculation and would not encourage adoption, aside speculation, we also need to create some avenue where people can easily make payment to us as merchants , for those who sells product, with this, we are also fueling development because our clients will necessary need to demand for bitcoin if we have it as means of payments, and for those how do not understand, it would just be for us to explain it to them.

[Slow death]

I actually understand you, we need adoption that will continue to fuel this movement of bitcoin and not just speculation again, because a time will come that people would have been used to speculation and would not encourage adoption, aside speculation, we also need to create some avenue where people can easily make payment to us as merchants , for those who sells product, with this, we are also fueling development because our clients will necessary need to demand for bitcoin if we have it as means of payments, and for those how do not understand, it would just be for us to explain it to them.

For many countries to accept bitcoin as a means of payment it will be necessary to create laws that are good for cryptos. The issue that becomes a major hurdle is that lawmakers are outdated people, in most cases they are old people who lived their youth at a time when technology was very rudimental, they do not understand and make no effort to understand that the The world is evolving a lot and they need to keep up with that evolution. these same disgusting politicians have the big problem of control people and many politicians are dictators

We've passed the last high, you should be looking for the next bottom. I call between $1k and $2k.

keep dreaming...

I agree that alts needs time to grow so that the market will be healthy as there are correlation between BTC and alts. But how can alts grow when altcoins investors are not willing to gamble on them and would rather go into BTC. Altcoin market of 2016-2017 is very different now as investors are getting smarter.

Blame the ICO scammers. People have fear of investing in altcoins now because of them.

scammers can destroy everything, even something that could be very good for many people to create good things

[RodeoX]

It's falling up into the sky again. 

[TinaK]

It's falling up into the sky again. 

Bitcoin was main trusted cryptocurrency so everyone ready to invest in this coin. It will going to peak on end of the year at the same time many altcoins are rapidly moving forward so upcoming days are growing well in the market. Then why some peoples are still discuss the Bitcoin falling expectation in this forum. I think still some people are   not active in current market.

[BitcoinHunt3r]

It's falling up into the sky again. 

Bitcoin was main trusted cryptocurrency so everyone ready to invest in this coin. It will going to peak on end of the year at the same time many altcoins are rapidly moving forward so upcoming days are growing well in the market. Then why some peoples are still discuss the Bitcoin falling expectation in this forum. I think still some people are   not active in current market.

I think it is just because bitcoin price itself not always growing. Sometime the price get correction, and people make thread sometime for their own reason. I mean, there are people in crypto who always take advantage from bitcoin price when it seems down although only a little. So i think maybe that is why people have their own reason when create thread about bitcoin price dumped.

[BitcoinHunt3r]

It's falling up into the sky again. 

Bitcoin was main trusted cryptocurrency so everyone ready to invest in this coin. It will going to peak on end of the year at the same time many altcoins are rapidly moving forward so upcoming days are growing well in the market. Then why some peoples are still discuss the Bitcoin falling expectation in this forum. I think still some people are   not active in current market.

I think it is just because bitcoin price itself not always growing. Sometime the price get correction, and people make thread sometime for their own reason. I mean, there are people in crypto who always take advantage from bitcoin price when it seems down although only a little. So i think maybe that is why people have their own reason when create thread about bitcoin price dumped.

Well you are right and this is not bad at all crypto is good to buy at low price and sell high as it will give profit when price will again rise only patience helps in this regard. Not only you but I am also having so much interest in buying crypto coins as prices are low so buy now and store them for long.

Right, it is better to be patient or maybe buy more bitcoins if have money. But thread like this sometime make people entertained. And that is this forum's function. To educate other and give entertainment. As long we not directly believe what people said and keep analyze by ourself about bitcoin price.

[Gahs]

[quote author=Triffin link=topic=5175721.msg52398856#msg52398856 date=1567970495
...Not only you but I am also having so much interest in buying crypto coins as prices are low so buy now and store them for long.
[/quote]

Buying BTC is best done just immediately after a sharp dump because you can be sure prices will go up at least a bit e.g when BTC fell from 10k+ to 9500 in one day about 2wks ago.

Right now BTC is somehow stable, what you call "low price" might be a high price next week... You just might wake up to see BTC is now 9k.

So it's best to wait for a sharp dump then buy immediately afterwards.

[AjithBtc]

There is no big fall in price, the market keeps on gaining momentum for the next big price pumping. Based on the chart it is predicted for a chance of fall in value, to what extent this gonna happen is unknown. As we experience the price of bitcoin to be strong above $10000 we can expect growth even if there happens a drop in the price.

[Kemarit]

There is no big fall in price, the market keeps on gaining momentum for the next big price pumping. Based on the chart it is predicted for a chance of fall in value, to what extent this gonna happen is unknown. As we experience the price of bitcoin to be strong above $10000 we can expect growth even if there happens a drop in the price.

There is a big support around the $10,000 levels that's why the price tends to stay around or above that price. But it is still possible that it can go lower than that. We are just trading sideways, in the last month or so, a indication that demand is slowing down, but it doesn't mean that it can't go and reach our latest high around $13,000 this year.

I believe that the end of the bear market has ended as the market value of bitcoin has now remain steady above $9,000 for a long time now and I believe that the momentum will continue in an upward direction with look of the look of the current market chat as compared to the past chat history of the market.

We need some catalyst for the price go to up, maybe we have to wait what Bakkt's impact on the market at the end of the year to have a upward direction this last quarter of 2019. Maybe $15,000 could be target and then we look forward for the next block halvening.