Another decline of BTC expected

[Hypnosis00]

https://cryptodaily.co.uk/2020/02/btc-hold-trend-line-decline
Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

Maybe I should...but trying to forget it because even it drops (and actually it drops for sure) I keep it holding. I only have to buy Bitcoin if the price will fall back to $8k but it seems to be impossible to happen as we are close to halving event. If we could see dumps in the coming days, it actually be of normal correction and meant to happen all the time. So I have nothing to worry about it.

[STT]

Its the battle of two tides, we have a trend relating to bearish failure of the previous rising channel but also 2 day momentum which BTC price needs to beat to prove itself as positive.    Till its clear on weekly bars it can move either way.



Its neither completely negative or proven positive at all yet.   Its just falling the line down right now at a relatively slower descent then just recently, I would expect it to resolve to move in one direction or the other with more commitment.

[Taskford]

https://cryptodaily.co.uk/2020/02/btc-hold-trend-line-decline
Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

Maybe I should...but trying to forget it because even it drops (and actually it drops for sure) I keep it holding. I only have to buy Bitcoin if the price will fall back to $8k but it seems to be impossible to happen as we are close to halving event. If we could see dumps in the coming days, it actually be of normal correction and meant to happen all the time. So I have nothing to worry about it.

So close or not still there are possibilities that we will touch at $8k  although we are near to that since the current price is $8700  and yet there is a less or maybe no participation of the current holder since for now Chinese got struggles since they are facing a crisis, Hopefully they can recover when halving nearly comes so that we can see a another set of price pumps until it reach for another ATH.

[Ailurophile]

I don't really want to sell now that it is low,
I didn't sell it when it was still at $10K so why would I sell it now?
I believe in it's future price that it could still get way more higher than just $10K or even $20K so I would continue to hold it.

[jhonjhon]

https://cryptodaily.co.uk/2020/02/btc-hold-trend-line-decline
Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

Suddenly people are in panic about Bitcoin's dip when it is recovering after the dip, we cannot just create FUDS every time it goes down, this is a highly volatile market always expect the unexpected I'm buying more but I'm not buying that article's story line.

We already know that a price like this can happen because that’s how bitcoin is doing ever since, it may show an upward trend but surely there will be a drop suddenly and people still panicked. I would suggest instead of doing panicking why not use every opportunity to invest more for higher profits. We are at $8k now and since we are expecting a bull run and another all time high why not buy some coins to prepare for bull run. Panic will not do any good it will only do more bad than good.

[Meowth05]

https://cryptodaily.co.uk/2020/02/btc-hold-trend-line-decline
Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

Suddenly people are in panic about Bitcoin's dip when it is recovering after the dip, we cannot just create FUDS every time it goes down, this is a highly volatile market always expect the unexpected I'm buying more but I'm not buying that article's story line.

Exactly, if you've been here in this industry for such a long time then this will not be that much problem coz you're already know how to handle this things. Market is indeed volatile thus expect that there will be unexpected fluctuation occur in a single amount of time so let's not get surprise about it and create anymore FUD.

https://cryptodaily.co.uk/2020/02/btc-hold-trend-line-decline
Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

Selling our coins would be kind worse option, but buying which is more likely reasonable especially if you have more funds to invest with. In my case, I think I bought enough so I guess I'll wait till it goes up again and wait for bull trend to comes.

[Latviand]

https://cryptodaily.co.uk/2020/02/btc-hold-trend-line-decline
Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

Suddenly people are in panic about Bitcoin's dip when it is recovering after the dip, we cannot just create FUDS every time it goes down, this is a highly volatile market always expect the unexpected I'm buying more but I'm not buying that article's story line.

Downfall on its market value should not be surprising anymote to the investors. We have seen such thing before, for a couple of times, and it is simply a nature of market volatility that we, as investors, should not be worried off and scaref, becauce once the market value became low, investing won't be that much of a heavy load to make. Also, after every dump, there will be an increase which should be an obvious sign that downfalls are the best time to invest and make profit from.

I don't really want to sell now that it is low,
I didn't sell it when it was still at $10K so why would I sell it now?
I believe in it's future price that it could still get way more higher than just $10K or even $20K so I would continue to hold it.

selling at tgis point is not a good  idea. Profit will be bigger if you would be more patient with regards to the market behavior. There is an anticipated bull run this year, and believing so won't cost that much. Invest at this moment and avoild selling due to panic. Bitcoin halving is believed to be the trigger of a new all time high market price. Investing at thr moment won't be that much of a burden because profit will eventually be earned from doing so.

[Free1bitco.in]

I don't really want to sell now that it is low,
I didn't sell it when it was still at $10K so why would I sell it now?
I believe in it's future price that it could still get way more higher than just $10K or even $20K so I would continue to hold it.

this only makes people who want to hold bitcoin with a large amount to buy more assets. so far, I also still maintain the assets that I have, even I am looking for ways to add to it. selling now I think it will reduce profits, and if you want to really sell the bitcoin you have, the price that is worth is above the price of $ 10000.

[justdimin]

It doesn't look to be moving nowadays. It had a bad fall recently but that looked like the end of it. I am one of those people who think if bitcoin is falling it will fall as much as it can and stop there, when it is going up it goes up in parts but when it goes down it goes down all at once.

Maybe I am wrong on this time and the price will continue to drop so do not trade according to what you read here because we are all telling what we "think" will happen and none of us know what will really happen. I see $11k coming soon honestly and I am thinking before the halving happens the price will reach to $11k levels for sure. It has to or otherwise it will be very hard for the miners.

[KTChampions]

It doesn't look to be moving nowadays. It had a bad fall recently but that looked like the end of it. I am one of those people who think if bitcoin is falling it will fall as much as it can and stop there, when it is going up it goes up in parts but when it goes down it goes down all at once.

Maybe I am wrong on this time and the price will continue to drop so do not trade according to what you read here because we are all telling what we "think" will happen and none of us know what will really happen. I see $11k coming soon honestly and I am thinking before the halving happens the price will reach to $11k levels for sure. It has to or otherwise it will be very hard for the miners.

If you look at the schedule for 2018, there are many segments where your theory is refuted. Many periods of "consolidation" and even a strong recovery after which the fall continued with renewed vigor. If we are in a bearish trend now (more likely, yes), then events can repeat this algorithm.

[bitgolden]

Bitcoin can take one more hit and could go down but that's it, we have started the year with around $7k in prices and that is bare bottom the market can afford to go down but if it goes down any further than that it would be really risk and we could actually go down a lot more, just going to $6k could mean we could also go to $4k and that is not something we can really afford with miners who will want to make more money but they can't so they will probably close their machines to not make any loss and when they close their machines the transactions will be both more slower and also more expensive as well.

Hopefully, it won't go down too much in order to save the whole infrastructure we have built so far.

[btc_angela]

Bitcoin can take one more hit and could go down but that's it, we have started the year with around $7k in prices and that is bare bottom the market can afford to go down but if it goes down any further than that it would be really risk and we could actually go down a lot more, just going to $6k could mean we could also go to $4k and that is not something we can really afford with miners who will want to make more money but they can't so they will probably close their machines to not make any loss and when they close their machines the transactions will be both more slower and also more expensive as well.

Hopefully, it won't go down too much in order to save the whole infrastructure we have built so far.

Infrastructure is still intact, even If we go down as low as $7k again. There is still the halving, an event that everyone is anticipating and could be the catalyst and miners could readjust again to make money, although the difficulty will increase. And I don't think that miners are going to mine what? BCH or BSV?

[maydna]

I am trying to hold my bitcoin because I see that I don't make a profit from the previous buying bitcoin at the binance, and I guess that we might see a lower price soon. But I hope that in the next week, bitcoin price can return to the higher price, and bitcoin price will be able to break $9k again, and slowly it will break another higher price. This month, bitcoin price has experience in the downtrend, although we already touch $10k. Unfortunately, that moment did not stay for a long time. We need to hold for more, and I think we have a good time to buy more bitcoin at a low price now.

Holding is safer than trading! Trying to buy low and selling high doesn't work for everyone. From short term trading, I got into mid and long term trades, it works much better for me and sooner or later the price always swings in one or another direction.

I agree with that. In this situation, short term trading will not work much, but as you said, we still have mid and long term trades, but we can also hope that everything will be changed in the short term, and hopefully, the situations will change in the next week.

I am trying to trade with little money, just in case if I can make a nice profit, and I see that my chance is not much because bitcoin price is not increasing too high. As soon as I can see the rise in price than the price I bought, I will sell it to take the profit, and I don't want to hold and expect the next higher price because of it still difficult to see that is happening soon.

[noormcs5]

https://cryptodaily.co.uk/2020/02/btc-hold-trend-line-decline
Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

I am not selling my bitcoins and waiting for a reversal from the support. The while financial market is down and this include bitcoins too. I was hearing before that when the economy will crash, the stocks will be down and people will invest in bitcoin and it will grow exponentially. But this does not seems happening now as both the stocks and bitcoins are going down.

[jhonjhon]

https://cryptodaily.co.uk/2020/02/btc-hold-trend-line-decline
Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

Maybe I should...but trying to forget it because even it drops (and actually it drops for sure) I keep it holding. I only have to buy Bitcoin if the price will fall back to $8k but it seems to be impossible to happen as we are close to halving event. If we could see dumps in the coming days, it actually be of normal correction and meant to happen all the time. So I have nothing to worry about it.

So close or not still there are possibilities that we will touch at $8k  although we are near to that since the current price is $8700  and yet there is a less or maybe no participation of the current holder since for now Chinese got struggles since they are facing a crisis, Hopefully they can recover when halving nearly comes so that we can see a another set of price pumps until it reach for another ATH.

Let's just hope for the best for everybody we all know that it is not China that is affected here if not all but almost all countries have been affected with this outbreak and it weakens the economy since a lot of flights were banned or cancelled. Tourism is one big chunk of an economies growth and without it the economy will surely suffer and when the economy is failing it will affect all that it linked or related to it. Anyways, lets just hope they will recover soon and hopefully the price will then go up.

[KTChampions]

Bitcoin can take one more hit and could go down but that's it, we have started the year with around $7k in prices and that is bare bottom the market can afford to go down [1] but if it goes down any further than that it would be really risk and we could actually go down a lot more, just going to $6k could mean we could also go to $4k and that is not something we can really afford with miners who will want to make more money but they can't so they will probably close their machines to not make any loss and when they close their machines the transactions will be both more slower and also more expensive as well[2].

Hopefully, it won't go down too much in order to save the whole infrastructure we have built so far.

1.) It is unclear why you think so. Price is determined only by supply and demand. The fact that at the beginning of the year there was a certain price does not mean that this is a new bottom or something like that.

2.) As for the infrastructure: in fact, it would be very good if the price or the network complexity forced the miners to disable the old ASICs. This will reduce the pressure of miners on the price of bitcoin and will not affect the speed of transactions and commissions.

[7788bitcoin]

I am not selling my bitcoins and waiting for a reversal from the support. The while financial market is down and this include bitcoins too. I was hearing before that when the economy will crash, the stocks will be down and people will invest in bitcoin and it will grow exponentially. But this does not seems happening now as both the stocks and bitcoins are going down.

The idea was that people will consider bitcoin as a safe haven and if the economy crashes which means the stock market crashes then everyone will be running towards the bitcoin market along with the gold market and invest in bitcoin considering it as a safe heaven and since we had not seen those situation before even i thought may be that is possible if majority of the investors consider that as the case but with the recent economic reversal everything came down crashing and the market depends upon how long it will take to control the situation, if the situation worsens then it is possible that the market would slide down further.

[gabbie2010]

I don't really want to sell now that it is low,
I didn't sell it when it was still at $10K so why would I sell it now?
I believe in it's future price that it could still get way more higher than just $10K or even $20K so I would continue to hold it.

Selling Bitcoin now isn't the right decision, the price movement of it repeat itself thus it is very obvious that the price is undergoing correction with the possibility of pumping in the next few days presently the price is at $9K+ with $10K as the next target bearing in mind that halving is upcoming and good indication of more bullish movement of the price.

[Taskford]

I don't really want to sell now that it is low,
I didn't sell it when it was still at $10K so why would I sell it now?
I believe in it's future price that it could still get way more higher than just $10K or even $20K so I would continue to hold it.

Selling Bitcoin now isn't the right decision, the price movement of it repeat itself thus it is very obvious that the price is undergoing correction with the possibility of pumping in the next few days presently the price is at $9K+ with $10K as the next target bearing in mind that halving is upcoming and good indication of more bullish movement of the price.

That would  be the sickest  decision to be made if they are trying to get a profit for this early  stage, But in other case its a good decision if  they want to sell it for short and buy again since by these strategy they can accumulate more profit but  in smarter way. And hopefully we can broke that $10k$ again since if  that target will get hit most provably many people will hold for a while to see the result.

[rodskee]

https://cryptodaily.co.uk/2020/02/btc-hold-trend-line-decline
Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

Declining is over for because now we are getting stable at $9k level
but there might be some correction again in the next weeks or months as we’re getting closer to the biggest event in crypto history and this is the Miners Halving.
and also there is no reason  why decline needs to happen when even the Corona Virus did not make the market fall that hard?i think it is much better to make a thread regarding the new growth of Bitcoin soon.