Another decline of BTC expected

[dragonvslinux]

I'm still dollar cost averaging, mainly into altcoins shitcoins for satoshi gains, and otherwise laddering myself into this tasty looking dip.

[1Referee]

I'm still dollar cost averaging, mainly into altcoins shitcoins for satoshi gains, and otherwise laddering myself into this tasty looking dip.

I wouldn't do that as we are heading down unless you believe that the dumping is over. I was looking to take a spot position into XRP myself, then decided not to until Bitcoin made its next move, which it did, and I'm glad I waited because I would have ended with fewer satoshis instead of more.

I'm more comfortable getting in when there is positive change of behavior, which we had a realistic chance to have, but the market decided otherwise. Currently it's the exact opposite with more bleeding to come for altcoins versus satoshis. The 'altcoin season' people were close to having is put to a halt even though they did have a nice run lately. 

[Reid]

It goes 2k up and then 1k down.
It is not that bad yet. Maybe you are just shaking right now. Try to absorb reality first.

I have seen so much panic here in this forum and mostly they end up regretting by selling in just a little dump.
I don't but or sell for now. It is like I am just on the waiting line and trying to watch everyone's decision with popcorns on my hand. 

[mindrust]

I'm still dollar cost averaging, mainly into altcoins shitcoins for satoshi gains, and otherwise laddering myself into this tasty looking dip.

Shitcoins work as leveraged btc most of the time but I am also starting to believe they are the reason we are not taking off.

Imagine buying btc at $7k before it makes its move to $10k. You make ~%40. If alts also go up against btc that's easily %100 profits. (they lose much more than bitcoin holders when it goes south though, it works both ways) People who normally wouldn't be happy with %40 gains are selling their alts and since shitcoins are pegged to btc, that's creating sell pressure on us constantly. (in a leveraged way)

In other words, shitcoiners' greed is working against bitcoin. Shitcoiners are scamming bitcoin hodlers.

They'll keep doing these hit and runs till  either there will be no money or no shitcoins left.

[dragonvslinux]

I'm still dollar cost averaging, mainly into altcoins shitcoins for satoshi gains, and otherwise laddering myself into this tasty looking dip.

Shitcoins work as leveraged btc most of the time but I am also starting to believe they are the reason we are not taking off.

Couldn't agree more. Shitcoin speculation regularly holds the BTC price back. The 2018 drop from $6K to $3.2K was when Bitcoin SV was launched for example.

Imagine buying btc at $7k before it makes its move to $10k. You make ~%40. If alts also go up against btc that's easily %100 profits. (they lose much more than bitcoin holders when it goes south though, it works both ways) People who normally wouldn't be happy with %40 gains are selling their alts and since shitcoins are pegged to btc, that's creating sell pressure on us constantly. (in a leveraged way)

In other words, shitcoiners' greed is working against bitcoin. Shitcoiners are scamming bitcoin hodlers.

I'm not sure I'd called it "scamming". These exchanges that offer btc/shitcoin pairs are offering free market options. Nobody has to hold their btc, or trade in shitcoins, they are free to do as they please. If people want to panic sell because their bitcoins are falling than I'll also happily buy it from them. The fact that people sell overbought markets (btc/usd) to invest in oversold markets (btc/alts) is a necessary cycle of cryptocurrencies. Whether good or bad is beside the point if it's a regular inevitability.

They'll keep doing these hit and runs till  either there will be no money or no shitcoins left.

Until Bitcoin matures, with a reasonable volatility compared to other asset classes (probably in around a decade at some 6 figure value), then the speculative nature of Bitcoin will always attract speculation on so-called alternatives. This is the natural greed of parabolic markets, like it or lump it.

Just my opinion of course  

[Free1bitco.in]

It goes 2k up and then 1k down.
It is not that bad yet. Maybe you are just shaking right now. Try to absorb reality first.

I have seen so much panic here in this forum and mostly they end up regretting by selling in just a little dump.
I don't but or sell for now. It is like I am just on the waiting line and trying to watch everyone's decision with popcorns on my hand. 

I don't know what people sell because of what, but it looks like the price is only slightly going down and will make a recovery. so far, the price of bitcoin has reached $ 8500, it has even fallen by around $ 1500 to date. I do not think that the price will return to the level of $ 7000, but if the decline continues, it looks like we start halving at prices below $ 10k.

[ScamViruS]

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 don't know why people become so panic. The market has been steadily rising since the beginning of this year. There would be a correction, which is a good trader they knew about this correction. Most people when think the market becomes skyrocket, the opposite happen. It's the rules of the market. It’s important for shakeout. Those who hold long term they are buying right at every dump. I'm doing it myself.

[bkbirge]

Still following PlanB's S2F chart, nothing to worry about here.

[Oceat]

Instead of having a panic and worrying about of the decline, why not think the other way around. Just buy already if you see the opportunity to buy cheaper price because it might be the only time you will see this price and most of the time Bitcoin price is being manipulated.

[mindrust]

Instead of having a panic and worrying about of the decline, why not think the other way around. Just buy already if you see the opportunity to buy cheaper price because it might be the only time you will see this price and most of the time Bitcoin price is being manipulated.

People panic because they are out of FIAT. They are not afraid of bitcoin crashing to zero which is never going to happen. They get mad because other people will have another chance to buy cheap coins. All-in people think others had enough chances to get on the train. (Even though I am not all in with btc -yet- I think they have a point.)

[ice098]

It goes 2k up and then 1k down.
It is not that bad yet. Maybe you are just shaking right now. Try to absorb reality first.

I have seen so much panic here in this forum and mostly they end up regretting by selling in just a little dump.
I don't but or sell for now. It is like I am just on the waiting line and trying to watch everyone's decision with popcorns on my hand. 

I don't know what people sell because of what, but it looks like the price is only slightly going down and will make a recovery. so far, the price of bitcoin has reached $ 8500, it has even fallen by around $ 1500 to date. I do not think that the price will return to the level of $ 7000, but if the decline continues, it looks like we start halving at prices below $ 10k.

We don't know what will be the outcome of this ongoing trend, and still it has no definite signs on which this declining value falls. As of the moment upon looking with my blockfolio, binance monitoring showed relative response on recovering price. However, that doesn't mean we have to put our confindence on it because the market might crash on some points which we never wanted to see.
I don't know with other exchanges monitoring, but btc's average cost  is now at $8.7k on my current checking.

[ultrloa]

Instead of having a panic and worrying about of the decline, why not think the other way around. Just buy already if you see the opportunity to buy cheaper price because it might be the only time you will see this price and most of the time Bitcoin price is being manipulated.

People panic because they are out of FIAT. They are not afraid of bitcoin crashing to zero which is never going to happen. They get mad because other people will have another chance to buy cheap coins. All-in people think others had enough chances to get on the train. (Even though I am not all in with btc -yet- I think they have a point.)

Some of those getting mad on situation happening right now are the people who doesn't think on what will be the outcome of their decision upon buying bitcoins or in short they are not open minded with possibilities but if they are train enough to counter those dumps and learn how to earn with it maybe they will be happy to see those more since it's a opportunity but soon we will see those bull train since halving is still coming.

[criza]

Whether the price of Bitcoin would pump or not is just a matter of its standing in the present because, for me, there is no mistaking that by may or the month of the halving, the price will shoot up as its supply gradually decreases. Even though the price of Bitcoin these days is down, we could still see the struggle in its price as it faces a lot of resistance below the $9,000 range. So far, I have seen its lowest in this month of February in a $8,500 range but, this day, the last days of the month, shows gradual development in its price at $8,700. We might expect an increase till next month that could possibly mean a new all time high record for the year 2020, so we should keep holding Bitcoin till may.

[xvids]

I think we are already hit the bottom of it,
I don't expect another price drop but instead I am waiting for it to bounce back.
But if there would be another one I think my expected bottom would be around $8,400 I think if they want to invest or buy some BTC now would be a good chance for them.

[lienfaye]

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?

The market is high volatile therefore its a temporary scene for crypto. I used to see the price of the coins turning ups and down like a roller coaster ride so its not new anymore. Dont panic just because you see a correction, be positive or dont monitor the market often until it turns better. Im not selling at this time but I dont buy as well, not because I dont believe in btc but because I dont have extra capital to use.

[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.

[Barbut]

Bear and bull market are constantly change one another in the crypto market, after days or weeks of bull market we can expect bear market to take its place. The same is with a bear market, after days or weeks we can expect bulls to replace bears at some point.

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.

[verita1]

I also think that Holding BTCitcoin is safer than trading. It is really a long-term investment. Some have mentioned that the lack of adoption contributes to the volatile price. Bitcoin will always be in any portfolio. I think we are seeing a better forecast of the price of Bitcoin compared to last year.

[Slow death]

Is Bitcoin likely to keep going down, in your opinion?

to start answering your question:

You ok boomer gold sees biggest loss since 2013 as bitcoin steadies

Stocks post worst week since the financial crisis

this shows that it is not just bitcoin that is falling a lot. Can you ask me how this is all related to bitcoin? If governments are putting people in quarantine, if a lot of people get sick, then a lot of people will sell their assets to have fiat to pay for things in the real world. with this problem of coronavirus, people will be concerned with health care instead of thinking about investing in something. I do not believe the data on the number of deaths and infections that governments say, especially if we are talking about the Government of China. In my opinion the situation is much more serious than what is being reported, this is because politicians always have the habit of hiding things from the people

Are you selling/buying it?

I converted it to USDT and I’m waiting to see how it all looks over the next weeks

[imstillthebest]

you provided a link and your seem so sure that the btc price will decline but your now questioning the opinion of others ? hmm i think im also with you because that is also what i feel not just a feeling but the decline is already experienced and now the decline continue from time to time yet im still selling my coins ( no choice so far ) just because i badly need a cash too.  i just hope that the decline will now stop and the value can recover to atleast 10k usd level so that my monies will be somehow sufficient