Bitcoin current situation

[waleedbhr]

FOR bitcoin $6950 is damn important if broken for certain duration then it can dump back to $6600 . If bulls need to perform the
So if you read that well it was exact important level and it jumped too $7050 after touching those levels . So now if 7050 is broken then we are moving again towards $7200 mark.

[michellee]

Now its bullish. Bitcoin not a stable. 2017 we see bitcoin hit 20k$. but now its 9k$+. see current situation is down. Hope its grow up any time. Covid 19 effect on bitcoin. now time for correction.

The price still tries to break another high price because every time the price is down, it will be back to the last high price. I hope that the price will increase more than now because I guess the trend is still at the uptrend so we might see another high price will break. Besides that, we are on the way to see the halving comes so it might trigger the price to hit the higher price than now. Let's wait for what will happen later.

[hahay]

Basically if you want to invest, do it the best you can and always include high confidence to be able to be patient longer, no one only invests with money that is not needed because if you only invest only using money that is not needed, then I'm not sure you will get a good return, money is something we need in our lives and at least only a small amount that may not be needed. So, keep on investing with a better amount because when you can sacrifice the savings you have, then of course you will do better research and so you will definitely get a better return on your investment.

[tanjiran]

Created this topic for some bitcoin investors to read about the current situation, please read and share your comments with me.

2. But in the other hand some other people, unfortunately,  using the money from dad/mom/loan/... Also they want to get the profit in short term.
Please everyone be careful, when are you using other people's money, you will get stress and you panic real fast. obviously, in this case you lose your money and leave the crypto world while you say "crypto is unless/scam"-

Cryptocurrency is a high-risk investment product. So the risk will be even greater when we use the proceeds of loans / debts / money that are important uses. Do not take this for granted, I have often heard stories of people selling their land and houses for crypto investment, even though he did not understand the crypto ecosystem well. Do not let go of your assets, for investments that still exist in wishful thinking. Be an educated investor, don't be greedy.

[online73]

A topic such as - “Bitcoin current situation”, takes me every day. Every day I watch videos of analysts whose opinion is important to me. Every day I look at the movement charts of the price of bitcoin and the main altcoins. It is to this day that I have a firm opinion that the price is unlikely to overcome the price of $ 10,500 in this growth, I personally sold everything and am waiting for the price of $ 7,700. But globally, - for me bitcoin has become more predictable, - today it is very difficult to surprise with a price movement of a thousand and whiter dollars. Today, for myself, I do not see a more profitable investment than in bitcoin. Because I am sure that even after falling to the bottom, the price, after some time, will definitely overcome previous highs. There is only one conclusion for me - today, investments in bitcoin are becoming safer and more reliable than before, and the opportunities for earning are expanding.

[MCobian]

I agree that investment should use our own capital, because using other people's capital makes it difficult for us to make decisions
correctly. The risk that must be borne even greater if using capital from others. Then related to the price of bitcoin we don't need to panic
if the price of bitcoin goes down, because of how far the price of bitcoin goes down it will definitely not be long the price of bitcoin will
go up again. So the key to success in bitcoin investment is patience. The current situation of bitcoin is starting to improve, seen the price of
bitcoin support is very strong. I believe in the near future bitcoin will pump.

[kemoglo]

Created this topic for some bitcoin investors to read about the current situation, please read and share your comments with me.

These days many people are scared because they think lose their money with bitcoin because of the price falling down.
There are two kind of people in my own idea:
1. Some people invested with their own money and they are also thinking long-term (2-3 years or more)
2. But in the other hand some other people, unfortunately,  using the money from dad/mom/loan/... Also they want to get the profit in short term.
Please everyone be careful, when are you using other people's money, you will get stress and you panic real fast. obviously, in this case you lose your money and leave the crypto world while you say "crypto is unless/scam".
Many investors are recommending people to do to enter any project with the money they need, use the part of money you don't need it. So, even if you lose your money you won't be depressed
If you know bitcoin for 3-4 years you know we had many pumps/dumps even worst than this. For example, a few years ago after closing BitInstant, bitcoin stopped trading and the price fallen down like hell. some people sold their bitcoins for a real low price and lost too much money with selling too cheap. Everyone said bitcoin is over and here it is! Today you sell/buy it for 6K USD.
Sooner or later... Bitcoin price will rise and having one single bitcoin will be a dream for other people.

I have a deposit stuck with 4 sats/b, about $1k when it got sent to me, I don't even know if it'll clear or not, what I know is that it will come, eventually, also I don't  need it at the moment bc of price dropping so let's leave it be until it finally clears, I'm thinking of using it way in the future anyway.

I thought you were going to discuss about transaction volumes

[Rafiqul]

I think Bitcoin's situation is pretty good right now. In 2017, we saw that the price of Bitcoin has increased minute by minute and it has increased to more than 20K$ . His downfall has also accelerated. I didn't think it was normal. Currently, the price of Bitcoin is around 5-10K$. This pump is normal; It can be called stable.
The crypto market is a little more volatile than other markets. Some people borrow money and invest in crypto. When the market collapses, they panic and start selling casually. This has a negative impact on the market. It is not desirable at all. You need to invest in Bitcoin patiently and in the long run; Only then will you benefit.

[Jamesdila1]

You gotta be patient because bitcoin is going to soar again! Don't sell at this stage you will only regret your decision later
Most crypto analysts and experts predict that bitcoin is going to rise again with a new ATH