Kelvinid
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when lambo...
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March 08, 2020, 10:07:04 PM |
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Like most of you on here, I also do think this new BTC price drop is another market correction proceeding the BTC halving event.
I'm not sure why this is happening or what's causing this drop but what it can be said so far is that in comparison to the other cryptos BTC is still among the lowest drops in the market. Having said this it seems to me that this may be an opportunity to buy at a new low before it recovers again, of course, it is difficult to say when exactly is best to buy or how low BTC will go but one can only take calculated risks.
I don't see any reason also to further fall the market trend and that is why I could assess this that this is a pure market fluctuation and it happens normally in almost all the times. But then, it is quite to see that we are still in more than doubled price way back 2018. I couldn't imagine if I invested a lot of Bitcoins last year and still holding it until today, it is already a lot of money. But I don't and I don't feel any regrets also. It is all unpredictable, nobody knows what really happens today and that is why not all of us think of accumulating BTC's that time. |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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maxreish
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March 09, 2020, 12:46:50 AM |
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With the same day last year bear invading the market . And today, from 9100 down to 8100. Huge dump as of today. If this is a preparation for bitcoin, we can't really say. Bitcoin failed to strongly hold at 9200 so I was expecting this dump though.
As usual, opportunity to buy while red market is on is a good reason for this bloody market that is happening. But another long wait for long term holder
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novaprime
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UniDApp - it's DeFi time!
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March 09, 2020, 02:01:44 PM |
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With the same day last year bear invading the market . And today, from 9100 down to 8100. Huge dump as of today. If this is a preparation for bitcoin, we can't really say. Bitcoin failed to strongly hold at 9200 so I was expecting this dump though.
As usual, opportunity to buy while red market is on is a good reason for this bloody market that is happening. But another long wait for long term holder
For me this is a very good time to invest again because I have been waiting for this discount for a long time. I think this would be the best to invest because the Bitcoin price is currently stable at $7800 and this is a very cheap price for you to make a profit. In my opinion, the price of Bitcoin cannot decrease any further, so spend 40% of your assets to invest right now because the price of this coin will surely recover soon. However, it is still not sure what will happen next because every year the market has a big change. |
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bitgolden
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Leading Crypto Sports Betting & Casino Platform
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March 09, 2020, 06:11:28 PM |
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Considering we have also peaked around 14k last year around april, will we have a topic about that as well? If you want to be optimistic about bitcoin you can say that 5 years ago we were under 1k as well, we were couple hundred at most, now we are almost 9 thousand dollars, that is an insane return in 5 years that nothing else could have given you that much and with the same logic you could say that bitcoin was 20k just a little longer than 2 years ago so we can say how we lost 50% as well and right now losing.
So, how you look at bitcoin is all depending on you. Even on 2020 just this last 2 months we can say we started from 7k so we are better right now or we can say that we started at above 10k and we are doing bad as well, both really works depending on what you want to say.
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Twentyonepaylots
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March 09, 2020, 10:11:04 PM |
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With the same day last year bear invading the market . And today, from 9100 down to 8100. Huge dump as of today. If this is a preparation for bitcoin, we can't really say. Bitcoin failed to strongly hold at 9200 so I was expecting this dump though.
As usual, opportunity to buy while red market is on is a good reason for this bloody market that is happening. But another long wait for long term holder
For me this is a very good time to invest again because I have been waiting for this discount for a long time. I think this would be the best to invest because the Bitcoin price is currently stable at $7800 and this is a very cheap price for you to make a profit. Indeed. I agree with you, this time is a very good to enter the market wisely, Looking at the chart made me more obtainable for what is going to be the next move. At exactly a year ago we have the same down price, not literally the value, so I am expecting for the price boost in the mid april up to may since we also have a big event happening on that month. In my opinion, the price of Bitcoin cannot decrease any further, so spend 40% of your assets to invest right now because the price of this coin will surely recover soon. However, it is still not sure what will happen next because every year the market has a big change.
hmm, quite skeptical though because of the current situation with the corona virus now, not that expecting that much for the price either way. |
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JeromeTash
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Heisenberg
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March 09, 2020, 10:32:47 PM |
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I perfectly remember that period in time. Some doubters were even predicting of the price going towards $2k and then bitcoin did the most bitcoin thing in April starting of with April first  . Though not so big, the bully rally that started is April was so sweet, and we were not to see $3k or $4K gain to this date . |
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coingecko (OP)
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March 10, 2020, 02:37:25 AM |
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bitcoin narrative as a safe haven will be further tested in months to come given the recession and coronavirus
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Charliedoe
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March 10, 2020, 07:31:44 AM |
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Anyone is trading in Bitcoins???
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AakZaki
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zknodes.org
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March 10, 2020, 09:05:15 AM |
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Not good way for memorize what happen with bitcoin price last year or last two year because give bad effect for us, how many people have sell bitcoin with lower price and looks most disappointed when seeing bitcoin today back to higher price and take much profit.
I don't think that will be a problem, given that history is important including the price of bitcoin in the past. When I do an analysis I always look at its history with that I can make research and comparison and maybe can make a picture that we should collect Bitcoin or we should sell it. As a trader it is important to do everything, whether something has happened or will happen in the future. |
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Jating
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March 10, 2020, 12:03:30 PM |
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Not good way for memorize what happen with bitcoin price last year or last two year because give bad effect for us, how many people have sell bitcoin with lower price and looks most disappointed when seeing bitcoin today back to higher price and take much profit.
What do you mean will give us bad effect? On the contrary we can see how far have we move since last year so I don't know how you will be disappointed by it. Again, it's really base on what is your outlook of crypto, majority of us here, look for the long term growth. But as much as we wanted to make more profit, we need more time for the market to really take out because the growth is not parabolic. |
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Botnake
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March 10, 2020, 12:17:32 PM |
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I still remember that, it's still fresh in my mind but please let us not go back to that time anymore.
Bitcoin is now facing some big challenges but it's not new, I tell you, if this will fall back to sub $3000, I would not hesitate to start accumulating again.
It's a cycle, buying at dip likely give us good profit because eventually the market will be back to normal and price will recover.
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novaprime
Sr. Member
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UniDApp - it's DeFi time!
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March 10, 2020, 12:56:40 PM |
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I still remember that, it's still fresh in my mind but please let us not go back to that time anymore.
Bitcoin is now facing some big challenges but it's not new, I tell you, if this will fall back to sub $3000, I would not hesitate to start accumulating again.
It's a cycle, buying at dip likely give us good profit because eventually the market will be back to normal and price will recover.
When Bitcoin returns to $3,000 again, it will certainly be the worst time since maybe the price of Bitcoin will probably drop even more. In fact, everyone is thinking like you but when it happens you won't be brave enough to buy that price. I think the panic psychology of investors is inevitable but surely this price will be very unlikely because the current market is getting stronger and investors are more interested in investing. |
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ArIMy11
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March 10, 2020, 01:33:38 PM |
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I was shocked (who will not?) at that time because bitcoin amazed me again. But the sad thing is I have no BTC to sell on that time. In this time, I am preparing myself to that kind of surprises. I am saving bitcoin as much as I can. I am hoping that the prediction $15K is just a prediction. After all, the beginning of 2020 os quite good for btc price
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JeromeTash
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Heisenberg
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March 10, 2020, 11:29:14 PM |
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When Bitcoin returns to $3,000 again, it will certainly be the worst time since maybe the price of Bitcoin will probably drop even more. In fact, everyone is thinking like you but when it happens you won't be brave enough to buy that price.
I always look at the positive side, Bitcoin price drop to around the 3k region means an opportunity to acquire more bitcoins at a cheaper price because we know it will always rise again. Those who are not brave enough to buy at lower prices are the people who end up buying bitcoin after the price has risen due to FOMO leading to losses if the price corrects immediately. |
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miningguru
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March 11, 2020, 06:12:47 AM |
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When Bitcoin returns to $3,000 again, it will certainly be the worst time since maybe the price of Bitcoin will probably drop even more. In fact, everyone is thinking like you but when it happens you won't be brave enough to buy that price.
I always look at the positive side, Bitcoin price drop to around the 3k region means an opportunity to acquire more bitcoins at a cheaper price because we know it will always rise again. Those who are not brave enough to buy at lower prices are the people who end up buying bitcoin after the price has risen due to FOMO leading to losses if the price corrects immediately. Exactly, most of the people bought the Bitcoin at a higher price in the year 2017, this makes many people were afraid to buy the Bitcoin at lower prices. People who bought the Bitcoin at 3500$ are already in huge profits because in one case the price of Bitcoin crossed more than 12000$. People who choose the risky path will always make plenty of money. |
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maydna
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March 11, 2020, 07:26:23 AM |
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I was shocked (who will not?) at that time because bitcoin amazed me again. But the sad thing is I have no BTC to sell on that time. In this time, I am preparing myself to that kind of surprises. I am saving bitcoin as much as I can. I am hoping that the prediction $15K is just a prediction. After all, the beginning of 2020 os quite good for btc price
I am sure we will see that price soon if that price will happen in this year, then that will help us to make a profit. But if it's not happening in this year, we have the chance to save as much bitcoin as we can. But yes, I agree that this year is a good year for bitcoin to increase because, with the halving time, it can help the price to increase higher after the halving. But unfortunately, we need the patience to wait for that time to come because right now, bitcoin price is not showing good movements at the market. So we might see another down again this weekend, but we can still hope that in the next week, the situation can change to be better. |
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Mpamaegbu
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Once a man, twice a child!
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March 11, 2020, 07:57:58 AM |
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This really is cheering news in the face of the onslaught from Coronavirus which has depleted the global economy. So, what that simply means is that Bitcoin is doing well in spite of anybody's thought that the market is plunging.
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cryptothreads
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March 11, 2020, 02:20:16 PM |
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This really is cheering news in the face of the onslaught from Coronavirus which has depleted the global economy. So, what that simply means is that Bitcoin is doing well in spite of anybody's thought that the market is plunging.
Coronavirus has greatly affected the current economy and I am very worried about what is happening during this time. In fact, all financial related markets have had a huge collapse in the last 2 months and if this situation continues, this year will be the year of economic crisis. Currently, crypto market is also greatly affected by this epidemic but it will certainly recover soon so consider investing if possible. |
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matchi2011
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Buy $BGL before it's too late!
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March 11, 2020, 03:44:44 PM |
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This really is cheering news in the face of the onslaught from Coronavirus which has depleted the global economy. So, what that simply means is that Bitcoin is doing well in spite of anybody's thought that the market is plunging.
Correct, bitcoin still moving ahead even there's a coronavirus that spreading, the market still keeping paces. We do understand that there's impacts from the stock market and each financial institutions are being affected by this virus, but bitcoin still alive and still proving it's worth the sentiments are being affected by different news spreading keep being calm and stay focus. |
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pixie85
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March 11, 2020, 09:52:32 PM |
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Is one year an important period of time for an asset? Why? Because it's a round number?
2 years ago it was 8300. Does it mean anything? The most positive part about comparing years is that today the price is on the highest level but this information has no real meaning. We could say that it's the highest so there's a lot of room to go down.
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