Another decline of BTC expected

[michellee]

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.

But if we really need that money, then nothing we can do except sell it right now. I think bitcoin price movement now makes some people confuse to decide because the price is not going up or down and it seems, and we are seeing a sideways moment again this time. This time still is a good time to buy more bitcoin because the price now is down again, but hopefully, the price will not go down tomorrow.

[beerlover]

Looking at bitcoin this was once again wrong. I am not one for bragging but I honestly said it won't or at least it doesn't have to. What people do not realize is, you can't predict bitcoins price in the future, if anyone could have done it perfectly, they would have been billionaires right now.

Not even joking, if you can guess bitcoin price correctly just 20 times back to back whenever it makes a big move, you could start with 100 dollars and become a billionaire by the time it ends if you could pick the tops and bottoms correctly. It moves so high and so quickly that there is literally no way you can't make money. We have seen here how close to impossible it is to predict what bitcoin could do, it could go up or down without any reason at all and we can't predict it.

[STT]

There has to be margins of error, every bet has a premium to pay for it even when someone is excellent at calling out the general move. 
   Right this moment I dont see BTC has a negative trend to it until it proves that.   We fell back today but overall its still in a positive phase.   If I drew just a straight line across at the current pricing, I would look to whether it can hold this for the weekend and move positively entering next week.

[btc_angela]

In the last 24 hours, we see some huge dump on the market, - 10% someone from behind is just cashing it out. I have heard that the PlusToken scam address is moving again, selling and shorting. This is just one factor though, we all know that crypto has many parameters right now, like the corona virus scare, but this could be one potential reason one the market in matter of hours goes down unexpectedly.

[jossiel]

In the last 24 hours, we see some huge dump on the market, - 10% someone from behind is just cashing it out. I have heard that the PlusToken scam address is moving again, selling and shorting. This is just one factor though, we all know that crypto has many parameters right now, like the corona virus scare, but this could be one potential reason one the market in matter of hours goes down unexpectedly.

I have no idea what's the reason for this but I saw some other traditional market is on the same downline. It's likely that we'll see the $7k prices again.

Brace yourselves and stop looking at the charts for a week or two.

[Ozero]

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.

The situation with the temporary stabilization of the price of bitcoin at the level of $ 9,000 did not justify itself. Today, a fairly significant drop in cryptocurrency prices has occurred. Bitcoin fell to 7,882 dollars, and ethereum to 201 dollars. Such low prices have not been around for a long time. Is this really the result of the spread of the coronavirus epidemic? There are new predictions about tens of millions of deaths from this virus. Maybe this is the reason for such a sharp drop in the price of cryptocurrency?

[Republikcoin.com]

In the last 24 hours, we see some huge dump on the market, - 10% someone from behind is just cashing it out. I have heard that the PlusToken scam address is moving again, selling and shorting. This is just one factor though, we all know that crypto has many parameters right now, like the corona virus scare, but this could be one potential reason one the market in matter of hours goes down unexpectedly.

I have no idea what's the reason for this but I saw some other traditional market is on the same downline. It's likely that we'll see the $7k prices again.

Brace yourselves and stop looking at the charts for a week or two.

we really are in the $ 7k zone, is this decline really reasonable before halving, or because of anything else? however, I had expected a decline in the price of bitcoin, but I didn't think that the price of bitcoin would really go down so far. I just hope that before halving, bitcoin prices will recover. at the beginning of this year, I knew I had a good feeling about the price of bitcoin going up to even $ 10k before halving, but at this time, I was quite worried because as it got closer to halving, the price of bitcoin decreased.

[iv4n]

In the last 24 hours, we see some huge dump on the market, - 10% someone from behind is just cashing it out. I have heard that the PlusToken scam address is moving again, selling and shorting. This is just one factor though, we all know that crypto has many parameters right now, like the corona virus scare, but this could be one potential reason one the market in matter of hours goes down unexpectedly.

I have no idea what's the reason for this but I saw some other traditional market is on the same downline. It's likely that we'll see the $7k prices again.

Brace yourselves and stop looking at the charts for a week or two.

we really are in the $ 7k zone, is this decline really reasonable before halving, or because of anything else? however, I had expected a decline in the price of bitcoin, but I didn't think that the price of bitcoin would really go down so far. I just hope that before halving, bitcoin prices will recover. at the beginning of this year, I knew I had a good feeling about the price of bitcoin going up to even $ 10k before halving, but at this time, I was quite worried because as it got closer to halving, the price of bitcoin decreased.

People put too much hope in halving, it's a huge event, no doubt about that, but in the past that event didn't have effects on the price right after the halving, some time will pass after that and only than we will see some significant price rise. Everything before that are just normal every day fluctuations.
Many people predicted this drop under 8k. I sold my trading stash a few days ago, and now I am waiting for good moment to get back in. Question is where will be the bottom, will we see the price under 7k? my first buy order is at 7500!

[Dart18]

In the last 24 hours, we see some huge dump on the market, - 10% someone from behind is just cashing it out. I have heard that the PlusToken scam address is moving again, selling and shorting. This is just one factor though, we all know that crypto has many parameters right now, like the corona virus scare, but this could be one potential reason one the market in matter of hours goes down unexpectedly.

The question. Why cash out all of a sudden?
Is he infected by the virus or is he hoarding emergency goods and will live in his bunker for years?
I mean, the epidemic might be worldwide by now but it ain't really that wide.
Just small amounts of people which almost all are travelers and then passing it.
But because they are warned it was stopped already in airports.

I just stay at home so I am not really intrigued with it.
But chaining it with bitcoin seems to be odd. So, what is the virus last December 2017? 20k to 3k.

[buwaytress]

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.

It wasn't the right decision at 10k, why should it be now? It's always got to be in the context of the person, though. You're a short term speculator then you shouldn't be an today's price without a stop loss killing you en route from 8700 on the weekend. You're a mid-term speculator then that stop was at 8k. You're a long termer and you're basically seeing more buy ins triggering right now.

Or you're not a speculator at all, halving is only one more milestone along the big picture game, so this is just another opportunity to reup that we should't have had!

[tbterryboy]

I guess this was the one that was expected? If that was the one that is expected I am not too worried. Price of bitcoin has always been volatile and it has always moved up and down before and it will keep doing that now as well. We have started the year around 7k and we are still in profit but we have seen above 10k as well.

There is really nothing worrisome about bitcoin moving like that. The real trouble here is the fact that people still get excited about the falls and ups of bitcoin anytime it does that when in fact we should be focusing on longer term issues we may have. Such as price not really reacting to halving while it is getting closer, we should have seen some sort of increase right now that shows how bitcoin is getting prepared or anything from miners but we have seen none of that just yet.

[Baoo]

Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

Actually, I am holding my BTC due to the market is still going down and to be honest we can't expect what is going to happen in the near future, Bitcoin's price is always unpredictable. In addition to that, we just need to be patient because it is sure that this crisis is temporary. being pessimistic always will never change anything in a positive way. Let's all hold and watch the market. Trust me you will certainly regret if you sell your Bitcoin.

[Kelvinid]

The market is really having a downtrend motion by now and not only crypto but of the global business institutions. We've been facing a big challenge again as we are hit by COVID-19 but then, it was not the reason why we should have to be worried and do panic selling. Because I believe that this never lasts for a very long time and possible we make recovery before we end up this year.

Anyway, I'm not in the hold of other's decision but I'll just want to encourage everyone to keep calm and think wisely...it is your call to sell it or not depending on if you're really in need, then you have to sell it.

[Lecam]

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.

Bitcoin is getting on 9$k and I think this price now is stable so its been nice to buy bitcoin while the price is low. I think its good to buy some bitcoin and wait for another huge of bitcoin until reach the good price. I think corona virus is not so much affect the crypto.

[Juggy777]

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.

Bitcoin is getting on 9$k and I think this price now is stable so its been nice to buy bitcoin while the price is low. I think its good to buy some bitcoin and wait for another huge of bitcoin until reach the good price. I think corona virus is not so much affect the crypto.

@Lecam where did you see that bitcoin prices were trading at $9k levels? because bitcoin prices are fluctuating between $7800 -7900 levels on preev and it’ll take at least few days to recover back to $9k levels. Also you’re wrong as Coronavirus had a direct and indirect impact on bitcoin prices, and if this virus is not controlled soon then we will witness further decline in bitcoin prices.

Sources:

https://news.bitcoin.com/crypto-community-gets-prepping/

https://www.coindesk.com/coronavirus-impacts-on-bitcoin-and-the-irss-dumb-singularity

[Viscore]

Also you’re wrong as Coronavirus had a direct and indirect impact on bitcoin prices, and if this virus is not controlled soon then we will witness further decline in bitcoin prices.

Sources:

https://news.bitcoin.com/crypto-community-gets-prepping/

https://www.coindesk.com/coronavirus-impacts-on-bitcoin-and-the-irss-dumb-singularity

I would like to disagree with this one, maybe it will temporarily result to a decrease of price because that's the result of panic, but eventually people will realize that their money is safe with crypto as it's not tied with a certain country's economy, we are decentralized and online so too far from being affected by the virus unlike the paper money.

I have a feeling that this dump would stop and the market will stabilize to be back in bullish trend again.

[bitbunnny]

The market is really having a downtrend motion by now and not only crypto but of the global business institutions. We've been facing a big challenge again as we are hit by COVID-19 but then, it was not the reason why we should have to be worried and do panic selling. Because I believe that this never lasts for a very long time and possible we make recovery before we end up this year.

Anyway, I'm not in the hold of other's decision but I'll just want to encourage everyone to keep calm and think wisely...it is your call to sell it or not depending on if you're really in need, then you have to sell it.

Yes, market is in a downtrend mode although I don't think that is connected with corona virus. With time if the situation escalates even more in the world that might become a case but for now virus doesn't affect Bitcoin price. Besides, that downtrend started even before.
No matter to that there is no reason for panic selling and as usual price will recover, this is another correction that come from time to time.
Also, although further corrections are possible I don't think the price will go below 7000$.

[dragonvslinux]

Everyone needs to chill out.

[Yamifoud]

Everyone needs to chill out.

It is something we need to take a deep breath before the market faces a huge wave of panic selling. Then, investors have to prepare for this and take advantage.

As expected to happen and many will be in troubled hearing that crypto market will dump again as Bitcoin show some off's. People have been thinking about a bullish market this year since halving will launch but the unexpected scenario happens which everyone not thinking about it. I know this was a big surprise for everyone and this makes hard when you are buying at $9k and then it drops below it, it for sure they are worried at this time.

[Oasisman]

Yes, market is in a downtrend mode although I don't think that is connected with corona virus.

Man, if this is pure manipulation then it has something to do with the corona virus. Why? Because big players are riding the pandemic. As you can see, the global stock exchange is down at this very moment. In my country, the trading has been halted for 15 mins. today after the stock market index crashed for more than 10%.
By the time im typing this, Bitcoin just fell hard losing its value by almost 6% from it's last stable range position.
Now, If you think the covid-19 has zero involvement in this current price trend, then think about the teachings from the grade school "health is wealth" , If health will put us in jeopardy then wealth will follow suit.