Bitcoin recovering

[sana54210]

I still can't believe that after all the market crashes and after all the troubles we are basically back to profitable prices. I do not believe it because I wasn't expecting it to be this quick, it hasn't even been a month since all of this started and and even with that right now the price is above before that time as well. This year has started with around $7k right?

I mean we were around these prices when the year started and somehow we have moved all the way above $10k, then all the way under $4k and all the way back up to $7k like we did nothing so far. Anyone who hold their money could basically be breaking even while there could be people who made 30%+ profits or 50%+ losses right now, that is the spread between holders and traders, either traders are ahead %30 or down 50% lol.

[Bezobraznike]

I still can't believe that after all the market crashes and after all the troubles we are basically back to profitable prices. I do not believe it because I wasn't expecting it to be this quick, it hasn't even been a month since all of this started and and even with that right now the price is above before that time as well. This year has started with around $7k right?

I mean we were around these prices when the year started and somehow we have moved all the way above $10k, then all the way under $4k and all the way back up to $7k like we did nothing so far. Anyone who hold their money could basically be breaking even while there could be people who made 30%+ profits or 50%+ losses right now, that is the spread between holders and traders, either traders are ahead %30 or down 50% lol.

   People who like to risk, most of all traders, could earn or lose a lot, timing is everything in trading. Bitcoin provide
good volatility for people who wish to test their trading skills! But I am not one of them, I am holder, and I am in good
profit from my buying's in previous years.
   Bitcoin dropped and recovered many times. Now I wait for recovery and making new ATH price, and I think
we can expect to happen in next year or so. Not before the halving, and not later then the end of the next year.

[Questat]

Bitcoin dropped and recovered many times. Now I wait for recovery and making new ATH price,

It's possible to see a new ATH, but I'll tell you, you should be ready for the long wait as we never know when it will happen.
Only a new bull run will result to the new ATH of bitcoin, until now it has not come yet.

and I think we can expect to happen in next year or so. Not before the halving, and not later then the end of the next year.

As long as you hold firm, you'll not gonna worry, it will come in the right time,  just make sure you are not easily affected by FUD that would cause you to panic.

[Eugenar]

Well said mate, because of this pandemic virus, the price of bitcoin changes so quick, as what OP's said from 8k down to 3.9k USD, that was a big difference, from that we can really say that this virus really affects the price of the bitcoin especially the market, luckily even the virus still exists the market bounce back again from 3.9k goes to 7k USD, I think that this crisis on cryptocurrency will be fixed now because of what is happening now on the market
I hope that this bitcoin pumping is a continuous pumping, I hope that it will reach again the 10k USD just like before.

[Farma]

Well said mate, because of this pandemic virus, the price of bitcoin changes so quick, as what OP's said from 8k down to 3.9k USD, that was a big difference, from that we can really say that this virus really affects the price of the bitcoin especially the market, luckily even the virus still exists the market bounce back again from 3.9k goes to 7k USD, I think that this crisis on cryptocurrency will be fixed now because of what is happening now on the market
I hope that this bitcoin pumping is a continuous pumping, I hope that it will reach again the 10k USD just like before.

the situation is indeed very fast-changing. when the bitcoin price dumped, and the pump returned to the current price, I thought it was a good move. The pandemic changes everything, but bitcoin can recover well, even I feel that this recovery continues. it will probably continue to recover until you reach the price you expect

[barbara44]

I think the changes are so quick but also it is not really depending on bitcoin all that much, everything changes very quickly these days because governments wants to stop something huge to happen which is inevitable in the long term but if you really stop the huge problem today and just do it in installments for months instead of just a horrible crash in one day, you are giving the companies a chance to fight it.

If you asked any company if they would prefer 1 million dollar debt today or 1000 dollars debt per day until it reaches 1.2 million dollars, they would take the second option most probably, that way you at least have a fighting chance to recover and get better instead of bankrupting.

[boltz]

Is it recovering ? Cause it looks like he bounced back just for a short while or this is what I see when I look at the charts. Personally I would like to stay here in this zone so all of us will have a decent chance to gather Bitcoin under 10k$ but I won't mind if it goes over 10k$ or goes back to 6k$.  Both scenarios are great if you look for long term perspective.

[South Park]

Do not forget that economical crisis haven't happened just yet, it just started but everything recovered like bitcoin, so we are still going to see a big drop in price for everything. Or maybe we won't but it feels like it is impossible for the whole world to stay at home and somehow all prices stay the same, there must be some sort of crisis due to people staying at home and not spending any money at all.

Hopefully nothing too severe or too bad but think about it, millions of people, probably hundreds of millions of people are all staying at home and we have to believe that market wasn't really affected by it? No matter what you do for stimulus, no easing, nothing should recover it this quickly, we SHOULD see some trouble eventually. I don't know when but I am still a bit scared of this good results.

We are only seeing the beginning of the crisis, the stock markets were affected the fastest however as we begin to see many small business disappear and with it many jobs this will not only affect people this will affect banks as well as many of those business had standing loans that will not be paid, the truth is that unless this is resolved quickly we are going to see huge economic problems during the next years, so I really hope that the members of the forum are ready for it since the crisis will wait for no one and anyone that is in a bad economic situation now will probably be in an even worse situation in the near future.

[Dr.Osh]

Is it recovering ? Cause it looks like he bounced back just for a short while or this is what I see when I look at the charts.

in general, people are quick to think that recovery occurs when prices rise again after a significant decline. Well, I think it's natural to think like that if we see a severe decline. although the recovery is not so high, there is at least a price improvement. Yeah, but it might look like a bounce back, just like the current situation.

[Botnake]

Is it recovering ? Cause it looks like he bounced back just for a short while or this is what I see when I look at the charts.

in general, people are quick to think that recovery occurs when prices rise again after a significant decline. Well, I think it's natural to think like that if we see a severe decline. although the recovery is not so high, there is at least a price improvement. Yeah, but it might look like a bounce back, just like the current situation.

That's normal because this market has not change, when people are seeing a significant increase, they think it's already the start of the bull run and very optimistic, and i think we need this kind of mentality and attitude because they are the reason or the one that will push a bull run.

We investors who have experience have seen a lot of movement like this in the past so we will not easily be excited.

in fact, we can also take advantage of this buy buying the dip and selling the peak, but of course it's also good if we have something to hold for long term.

[BlackFor3st]

On the unexpected outbreak we recently experience it has a huge impact to the world stock market and especially to the bitcoin the market price of the bitcoin from the highest peak of 8k dollars in just a week it drops for over 3.9k dollars and that was so huge for the changes, but now some of the analysis this it just depends on the people if they keep supporting the use of bitcoin to make it back to normal also when the halving is coming most of the time the price of the coin goes down to it's the lowest point and recovering for a while and made a lot of profit come back still the problem is today it is continuously declined the use and increase of the price and the bearish market will still last long if we do not make any changes too.



Source : https://www.coindesk.com/the-puell-multiple-is-turning-bullish-on-bitcoin%3famp=1

It's pretty difficult to tell the bitcoin holders to support and hold their assets in this season where the pandemic is there and lockdown are being impose by affected countries. But you are right, the bear market will likely to last long if we cannot get over by this hindrances and if halving is not enough to push the market upward and start the bull season then this year will likely be part of bear season.

We don't want it to happen of course as there is a very little chances to gain a profit in bear season unlike in bull season where everyday is a chance to earn a good amount of money if you know what you are doing. As I can see, the graph are continuing to go downward which is not good and I hope we can purely recover before the halving will occur.

[Smitty Werben Man Jensen]

the current situation in the crypto currency market is not very convincing, it looks like it will still survive in the support of $ 6600- $ 6700, if you think Bitcoin is trying to recover to $ 10,000 again for now I think it still can't, before halving Bitcoin will go to $ 5000, maybe, that's a bad scenario from me.

[darewaller]

You do not really have to convince anyone really, the price bounced back to year to date profitable prices just recently and even though we had a fall we are recovering again, so long story short people do believe bitcoin as a good investment and they do have bull approach to it anyway, so there is no need to convince anyone.

However we need to make sure they do not get discouraged, that is one thing we could try to help, keep on talking about bitcoin and its price as a positive and how awesome it is everywhere you can so that people would keep on feeling like bitcoin is on a bull run and will do amazingly. Otherwise we are talking about just an increase and a bull run that was started but never really saw the end and gave up after a while because of hype dying down.

[South Park]

the current situation in the crypto currency market is not very convincing, it looks like it will still survive in the support of $ 6600- $ 6700, if you think Bitcoin is trying to recover to $ 10,000 again for now I think it still can't, before halving Bitcoin will go to $ 5000, maybe, that's a bad scenario from me.

The price seems to be relatively stable and it is moving close to the 7k mark, however anyone expecting a big recovery is probably going to be disappointed, many people lost a fortune when the market crashed one month ago and they cannot recover those losses in such a fast fashion, and without any new investors the price cannot move up, however once the halving takes place a price of 7k is not going to be enough for the miners to keep mining bitcoin profitably and many will have to stop their operations or they may try to manipulate the price to go up.

[fortunecrypto]

The price seems to be relatively stable and it is moving close to the 7k mark, however anyone expecting a big recovery is probably going to be disappointed, many people lost a fortune when the market crashed one month ago and they cannot recover those losses in such a fast fashion, and without any new investors the price cannot move up, however once the halving takes place a price of 7k is not going to be enough for the miners to keep mining bitcoin profitably and many will have to stop their operations or they may try to manipulate the price to go up.

Update on the current Bitcoin price today it is now on the $7200 level hopefully it can keep up and will not go down again, halving is very near and we have a fix to the present situation we are in, once the vaccine is out and halving happens we can expect Bitcoin to finally reach the $12000 level that we are hoping to reach before the pandemic happens.

[Smitty Werben Man Jensen]

the current situation in the crypto currency market is not very convincing, it looks like it will still survive in the support of $ 6600- $ 6700, if you think Bitcoin is trying to recover to $ 10,000 again for now I think it still can't, before halving Bitcoin will go to $ 5000, maybe, that's a bad scenario from me.

The price seems to be relatively stable and it is moving close to the 7k mark, however anyone expecting a big recovery is probably going to be disappointed, many people lost a fortune when the market crashed one month ago and they cannot recover those losses in such a fast fashion, and without any new investors the price cannot move up, however once the halving takes place a price of 7k is not going to be enough for the miners to keep mining bitcoin profitably and many will have to stop their operations or they may try to manipulate the price to go up.

your reasoning is indeed acceptable, after this halving the miners will certainly not be able to get much benefit from Bitcoin,
if the price of Bitcoin is still cheap, I also agree with your statement, the price of Bitcoin is stuck at the level of $ 7000 and it seems like support of $ 6900 is very strong, there seems to be a pullback from there now

[Lomberjack]

As soon as the virus have been confirmed and had spread across globe, infecting a number of people from different countries and still increasing in the present, the value of Bitcoin have been struggling to retain its former price; its highest price for this year 2020, this problem causes confusion and considered to be as a crisis for the stock market and to the business enterprises around the globe. But, from the end of the month of March up to these days have shown a considerable amount of development in the Bitcoin's standing, ranging up to $7,000 value from last month's $3,500. This would only show a recovery if it would continue up till the end of this month and to the next. As the month of the halving approaches, the future of Bitcoin is surely promising, we should hold as far as we can before it is too late.

[Sanitough]

As soon as the virus have been confirmed and had spread across globe, infecting a number of people from different countries and still increasing in the present, the value of Bitcoin have been struggling to retain its former price; its highest price for this year 2020,

How about we are just happy now that bitcoin did not dump, when we make a report for comparison, we usually compare the beginning price of bitcoin to its price in the year end, and thus far, bitcoin price is now at the range of its beginning price this year which is $7k.

this problem causes confusion and considered to be as a crisis for the stock market and to the business enterprises around the globe. But, from the end of the month of March up to these days have shown a considerable amount of development in the Bitcoin's standing, ranging up to $7,000 value from last month's $3,500. This would only show a recovery if it would continue up till the end of this month and to the next. As the month of the halving approaches, the future of Bitcoin is surely promising, we should hold as far as we can before it is too late.

True, it's a real recovery because the price increase was significant, and despite the fact that we are seeing some bitcoin dump movement, but it was quick to recover, so we can tell that bitcoin is quite strong despite of the situation of the world that there is a global crisis.

[shoreno]

no outbreak can breaks people loyalty from bitcoin but infact thier trust from btc get more stronger in times like this because they feel secured with it  . also why the price will fell down when we are close to halving ? the price should go up but its normal for it go down this time because the outbreak suddenly takes place   .  cant say if the bearish can take a long time to remain because i sometimes see that btc is increasing a little bit  . hope this small increase will continue for a while to give people encouragement to invest more  .

[OrangeII]

bitcoin recovery is currently very slow, but the comparison with the decline is very fast. for now, the price of bitcoin is back at the level of $ 6k. Well, although this is better than the decline in the price of WTI crude oil, but I am aware that the decline is concurrent. I hope the price of bitcoin soon returns to $ 7k. it gives us great hope to see the price of bitcoin become bigger.