Bitcoin Declining.

[fullhdpixel]

Why the fuck is bitcoin declining, any FUD new or any whales dump? Dropped now from $11k to $9k

Bitcoin declared "dead" many times, China banned it, social attacks everywhere, tried to be co-opted by the mining cartel/top merchants, and losing a few hundred points under $10,000 is scaring you?

Buy the dip, AND HODL.

Lol, bitcoin is a living ghost already, there is nothing that can ever kill that cryptocurrency again, in fact many government are already giving up on fighting It and looking for ways for which they can make use of it, the stubborn and proud governments like that if China and US, rather than accepting it, they are thinking of creating their own cryptocurrency which they should expect will fail and will never be accepted as much as bitcoin will always be accepted.

With this lightning technology which will solve the speed and scalability that has always been discouraging people in making use of it for payment, many merchants now will start accepting it as payment currency for what they are into, and this coin will finally become a global currency on its own.

[Pab]

Bitcoin lost a little from that year 13800 high but price is still above 10k what is really incredible.Bitcoin halving begin between march and may 2020 what is very soon
We will have some pump and dump until bitcoin will goes parabolic and make new ATH
Nothing to be worry about some correction and hype or fud to hype or decline price

[wildflower18]

This is not new in bitcoin market condition price may decline. Some catch this opportunity to have some btc at low price. Many reasons why bitcoin declines but we should be positive when bitcoin is struggling.

[LimLims]

the price is still profitable and it is still bullish if you compared it to the price in a couple of two months ago.

The most important part is this.
Until now, Bitcoin price is profitable in almost 75% of time and i am pretty sure it will be 100% once it returns back to +$18k 

Whatever you said, i am agree with you.
But people have already seen better condition then this.
I am saying when BTC was at 20k USD.
So people are expecting more from Btc.
Nevertheless lets hope for the best.
Btc will soon again rise.

[btc78]

Why the fuck is bitcoin declining, any FUD new or any whales dump? Dropped now from $11k to $9k

Lol that only last for atleast a week because after that bitcoin again recovers,the question is for how many times this quarter that the value goes up and down?
Anyway be happy whenever there’s a dump that happens because this gives us a chance to buy again and  have another coins in our folio with cheaper prices

[STT]

Its always declining on some time frame, the interesting thing is to speculate how long would it decline for and will it accumulate into a proper price movement.

So I'd guess bullish at present as there is some trend on the daily bars for a steady rise repeated



however that is just a simple look and even in this case we are below the 50 day average.    So we've pulled back and the more cautious might want to speculate on if we will remain below that 50 day average.   Im quite a cynic until we beat it and need to look further to decide.

[BitHodler]

however that is just a simple look and even in this case we are below the 50 day average.    So we've pulled back and the more cautious might want to speculate on if we will remain below that 50 day average.   Im quite a cynic until we beat it and need to look further to decide.

It doesn't really matter much what happens in the very short term unless we decisively break the descending resistance and have at least two daily candles close above it.

Based on the descending triangle that seems to gain more shape every week, the next leg up (if we have one) should peak just over the $11k mark and from there pull back in a brutal manner, possibly with another dose of fud to go with it.

People say we're still in an uptrend, which technically is true if you zoom out, but the chart doesn't look as pretty anymore as it used to do. I rather be conservative and be proven wrong by going up than being overly bullish and see the price dump.

[fullhdpixel]

Bitcoin lost a little from that year 13800 high but price is still above 10k what is really incredible.Bitcoin halving begin between march and may 2020 what is very soon
We will have some pump and dump until bitcoin will goes parabolic and make new ATH
Nothing to be worry about some correction and hype or fud to hype or decline price

There is one common thing I just usually tell my friend when I invite them into bitcoin investment, I made them choose between being a trade or an investor, and as an investor, they have to understand that they will need to stay with the market for at least 10 years because that is when bitcoin will develop to the fullest, and I think that has been helping them.

When my friend sees bitcoin fluctuation, they find themselves not having any panic because their goal is for future, which Is how I see my btc investment too and don’t bother myself with all these short decrease, no matter the decrease we have now, imagine where bitcoin will even be in 5 years’ time, I know that the last ATH will even be the lowest by then, so I just don’t stress myself about all the declines.

[RealMalatesta]

^^ I did the same thing with my friend who asked about bitcoin at the peak time of December 2017, he asked if he could join and get some bitcoin as well and didn't know how easy it was. I opened an account for him on our local exchange and sent all the KYC stuff right away and he was accepted in an hour while we were talking, then he sent some money via bank transfer and got some bitcoin for himself (just 100-200 dollars to test if I remember correctly).

After it went down all the way to 4-5 thousand dollar time he asked me how he could get out, I told him not to but he didn't listen and I told him how he can cash out and he did it, now it is back to over 10 thousand dollars, considering the increase of dollar value versus our national currency as well he lost about 50% more than he normally could, let's say he got in with 200 dollars, he sold around 50-60 dollars instead of 120-130 dollars right now. Some people are just too afraid of what could happen if they wait a bit more.

[kaya11]

Why the fuck is bitcoin declining, any FUD new or any whales dump? Dropped now from $11k to $9k

It give you thinking that you should be selling your Bitcoin now, well I guess if you have bought at 13k USD and now afraid of losing money in with just those minor setbacks. Just be patient, everyone here feels the and you just have to wait.

[pieppiep]

Today, we almost reach $11k again after we see the down of the bitcoin price for a while. Bitcoin price still needs time before it could break the higher price and gladly, we see a green candle at many exchanges so it will increase soon. But we need to be careful because the price still hard to break the higher price, and maybe we need more support to lift the price. If you want to buy bitcoin right now, make sure you know how much bitcoin you want to buy, and don't be panic if the price is down for a moment because it will increase higher later.

[barbara44]

^^ I did the same thing with my friend who asked about bitcoin at the peak time of December 2017, he asked if he could join and get some bitcoin as well and didn't know how easy it was. I opened an account for him on our local exchange and sent all the KYC stuff right away and he was accepted in an hour while we were talking, then he sent some money via bank transfer and got some bitcoin for himself (just 100-200 dollars to test if I remember correctly).

After it went down all the way to 4-5 thousand dollar time he asked me how he could get out, I told him not to but he didn't listen and I told him how he can cash out and he did it, now it is back to over 10 thousand dollars, considering the increase of dollar value versus our national currency as well he lost about 50% more than he normally could, let's say he got in with 200 dollars, he sold around 50-60 dollars instead of 120-130 dollars right now. Some people are just too afraid of what could happen if they wait a bit more.

They are not just man enough, that is why they are too afraid, real business and investment men, understand the risk in cryptocurrency, so they don’t put money they will not be able to overlook for a long time, some of them do out money that is tied to so many thing thinking that they could easily increase it, since they believe in their heart that it is a money doubling scheme, but they don’t understand the volatility of the market.

If only they can understand that even if the price decline today because of volatility, no matter how long it takes, the price will be back up again. They must have learnt that lesson by now, and if they are to come back, they will watch the market carefully and understand when to come in so they don’t rush into it again when the price is getting to peak.

[btc78]

Why the fuck is bitcoin declining, any FUD new or any whales dump? Dropped now from $11k to $9k

It give you thinking that you should be selling your Bitcoin now, well I guess if you have bought at 13k USD and now afraid of losing money in with just those minor setbacks. Just be patient, everyone here feels the and you just have to wait.

With his attitude!!He won’t even stay longer to hold.with just 2k$ drop in price this is his reaction?so what if 2018 bear will happen again ,surely he will become crazy lol 😂

In crypto all we need is patience and trust because if this two don’t fits you then better leave crypto investing because this is not he right place for you

Anyway I hope OP now is in good mood because we are nearing 11$k again switch $10,700 in price as of this very moment

[STT]

Second hit of support and a higher low this time, still bullish enough I guess



However losing 8 and 30 day moving averages would signal caution I think.   So stop loss below 9800 I think I would place for anything speculative.

Also 50 day marks the top prices today.

[Jating]

After it went down all the way to 4-5 thousand dollar time he asked me how he could get out, I told him not to but he didn't listen and I told him how he can cash out and he did it, now it is back to over 10 thousand dollars, considering the increase of dollar value versus our national currency as well he lost about 50% more than he normally could, let's say he got in with 200 dollars, he sold around 50-60 dollars instead of 120-130 dollars right now. Some people are just too afraid of what could happen if they wait a bit more.

I would understand his fear during the market shake up of 2018, I guess everyone was very nervous and just push the sell button because they think that the price will continue to plummet in 2019. That's why we have a saying here that weak hands are shaken and only the strong survived in this market.

And now look at those guys, regretting that they get out with there is heat in the kitchen. And trying to get it today and ride the market. Let them enter the market though, I mean they should have learn their lessons, that you need to have a lot of patience here and of course the risk is there but they should learn how to control or at least mitigate it.

[ethereumhunter]

In these situations, I think if we can make a profit, it is better to sell some bitcoin we have so we can buy back again when the price is down. This situation will be up and down again, and that is the reason why I say to sell some bitcoin because we never know when the price can increase or decrease. By buying and selling, I think we can survive in any conditions so we can have more bitcoin, more fiat to wait for the increasing of the price.

[Questat]

True. If one thing is near certain it is the multi year bull market.
So if you are willing to wait 5 years any time is a good time to buy. 

I could wait for that long because I'm a real believer and I don't expect the past will be repeated easily although I hope it could happen any time this year.
We are left with no option now but to hold, Bitcoin is declining is not much of a problem to me as so far this year it's still up, hence that means it's starting its recovery. What makes me worry this year is the altcoins, I know some of us here invested in altcoins also, and they had not started to rise yet.

[matchi2011]

In these situations, I think if we can make a profit, it is better to sell some bitcoin we have so we can buy back again when the price is down. This situation will be up and down again, and that is the reason why I say to sell some bitcoin because we never know when the price can increase or decrease. By buying and selling, I think we can survive in any conditions so we can have more bitcoin, more fiat to wait for the increasing of the price.

If you are comfortable playing with the market and you are willing to take the risk this situation can help you building your portfolio and allow you to generate decent profits, but if you're not ready and your knowledge is not enough better to keep your coins and forget for a while since there's also big chance to make a mistake, panic selling and losing your investment always possible to happen.

[Wilhelm]

True. If one thing is near certain it is the multi year bull market.
So if you are willing to wait 5 years any time is a good time to buy. 

I could wait for that long because I'm a real believer and I don't expect the past will be repeated easily although I hope it could happen any time this year.
We are left with no option now but to hold, Bitcoin is declining is not much of a problem to me as so far this year it's still up, hence that means it's starting its recovery. What makes me worry this year is the altcoins, I know some of us here invested in altcoins also, and they had not started to rise yet.

Once Bitcoin goes parabolic and people are going all FOMO, then bitcoin will be sold out at a lot of places.
Altcoins will then be interesting and climb.

[redsun114]

Selling and rebuying lower is a very risky move, you don't know when it will go up and you don't know when it will go down so its as risky as holding as well.

Maybe you sold at 12 to buy again at 10 but maybe you sold at 10 and it goes to 12, you never know which one we are in right now until we actually see it happening. That is why people keep saying hold your currency unless you really need to cash out, if there is something like medical or something bill then yeah sure but if that doesn't happen then you really need to hold it because long term holding is the only guaranteed method of making money.

Bitcoin is pegged at dollar right now mostly and we calculate the price on dollars all around the world but dollar loses its value every year, 100 dollars is never 100 dollars, what you can buy with it changes every single year and difference is bigger if you look at decades, so bitcoin holding for long term will eventually profit you in the end.