Bitcoin current situation

[LogitechMouse]

1. Some people invested with their own money and they are also thinking long-term (2-3 years or more)

Many newbies and average investors are like this. They don't know how to trade but they want to get profit with crypto so they just bought some cryptos and then just hold it until it reaches the target they put.

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.

Well, this might work if you are a trader so you can roll your Bitcoins to get an easy profit. Unfortunately, most of these are either newbie traders or greedy investors who are thinking that crypto can give profit to them in a short amount of time. It might be but at the same time it maybe the opposite that can happen to them. It can give them huge profits but at the same time it can give them huge losses.

[Flickkk]

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 think bitcoin are not so much on the trend to be affected by the pandemic. And investor always aim for a long term investment for bitcoin because there has a huge chance that bitcoin will rise again.
Because i think investors will prefer more on bitcoin than ICO which bitcoin price go volatile and possible go straight to pump.

[FanEagle]

I have seen the story of a man who invested his loan in Bitcoin and then the money grew to a huge amount and he withdrew and paid back the loan and still had more than twice of the amount left. So, bitcoin has helped many people and in current situation who are able to withstand may enjoy more fruitful returns just for holding bitcoin in harder times as well.

For me, I would say that it was just luck that was on his side, this might not be the same story as everyone , there are people who might try it, which I know there are, and they will end up losing their money, so it’s by luck. I wouldn’t take such a risk, I would prefer to go from little to something than to be rushing things, because if should lose a huge amount it’s going to frustrate me so much.

[Thomasvd1337]

I agree with FanEagle,

I would only invest my money, when i dont really need it.
If u invest in something and hope to get profit in short term, then you are wrong.
Never use money that you really need, it may put you in a situation you have to sell with loss.
While maybe a few weeks / months later you could have sold it with profit.

[verita1]

That is such a correct thought. Do not spend what you do not have to can sleep peacefully.
About BTCitcoin, we all know that we must have some amount of Bitcoin in our wallet because it is an asset that we must possess in the long term.
We have the advantage of recovering from a loss when Bitcoin reaches a higher price than we bought it for.

[Reatim]

Totally agree with you. Bitcoin almost every year experiences a rise and fall, and people who engage in cryptocurrency do not panic,

Old timers in this market already knew that thats why many are not engaging in discussions because they already knew what will happen sooner or later.

but use such situations for their own benefit. Emotions and crypto trading are not compatible. Here you need only cold prudence and the brain.

but if Instinct is part of emotion then this is compatible in Bitcoin trading,because i have experienced for some time that my instinct is much better than my own researching(but not totally in all time)

[XCANA]

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.

This is the worst thing to get involve when it come to cryptocurrency. Funds that don't belongs to you as the holder should not be use for investment because the cryptocurrency market is some how unpredictable due to it volatility known by it existence. Have seen many funds managers who managed people funds in trading their holdings for these investors and later  ended up be jailed for mismanagement. They loose their funds in their coffers due to market volatility and not because of their carelessness. "Invest what belongs to you and you only. Investing what you can afford to loose because loss can bring depression".

[Swordsoffreedom]

~snip~
And what I can conclude so far is people who are struggling with having cash currently will lose their opportunity if the bitcoin price will increase after this pandemic is over because they won't have much money to buyback bitcoin.

I think the price of bitcoin will go up a lot after coronavirus epidemic ends. I'm pretty sure, those who are selling their Bitcoin at lower price, after some days later they will regret for it. If you have enough money you can invest more on bitcoin hopefully bitcoin will not discourage us.

[FlightyPouch]

Bitcoin has proven to be more stable than many stock market assets. At all times, in difficult economic situations, during crises, people have invested money in eternal values - gold, diamonds. Now such values include the oil. But oil prices are falling as the industry falls. The main advantage of gold and diamonds is that they take up little space, they are easy to store and transfer, gold and diamonds are hard to mine, and their mining costs a lot of money. Bitcoin also has all the qualities of gold and diamonds. It is hard to mine, easy to store and Bitcoin mining costs a lot of money, and the number of Bitcoins issued thanks the halving that will happen in May will only decrease. I think that Bitcoin is a reliable asset that will only grow in value in future.

Exactly that's what I wanted to say. during those days all markets just started drop down including stocks the only this could be called a "safe haven" was gold. However, comparing to the other similar markets BTC downtrend was just much better. I aw many people the bought bitcoins for 4-5K and now Imagine how much profit they will get out of it easily.

Despite the small change, gold was also affected by the pandemic and did drop last month. It rebounded but still, it is affected by the pandemic and if the pandemic is not contained well for a long time, then that would also affect gold and it might also affect bitcoin. I agree though that bitcoin did well as it dropped to $4K and now we are at $7K but still going back to $6K.

[Oceat]

Investing is too risky but i think investing now in bitcoin is still good because the ups and downs in the market is normal and it's worth to invest for long term. Also if you want to invest you should be patient if you want to gain high profit.

Just buy low and sell high that's just the basics of trading with your investment. It doesn't matter if it's a long term or short term investment as long as you follow the rules of buy low and sell high you will probably gonna get a profit. Although it may take some time before you can get the desired profit that you want. If you want to speed up your process then proceed to day trading but this time you will need more than just the basics because it requires patience and skills. Learn more by watching or reading on how to make a profit through day trading.

[vinoram]

◾️Bitcoin price 1 month before halving

2012: $10
2016: $576
2020: $7,300

◾️Bitcoin price 6 months after halving

2012: $130
2016: $900
2020: ??

Current case we will see bitcoin at 10k

[rexxarofmoknathal]

The last price drop of the Bitcoin price is very reasonable. As many people have said that it's because of coronavirus pandemic.

The thing is we don't know until when this pandemic will last and the more it takes time, the more people will cash out their assets because they will need more cash.

And what I can conclude so far is people who are struggling with having cash currently will lose their opportunity if the bitcoin price will increase after this pandemic is over because they won't have much money to buyback bitcoin.

So I think it's still not good if you invest your money in Bitcoin even more than 20% right now. Don't gamble on this unclear situation yet and buy Bitcoin when the situation (coronavirus pandemic) is clearly getting better.
But this is pure based on fundamental analysis, not technical.

The people who won't be able to afford living expenses during the lockdown and thus would have to cash out in order to get their hands on some cash are only the minority investors. This would mean that the overall effect of these sales won't be adding much to how the market will behave as the major investors will buy in as a result of anticipated price rise due to the halving event instead of selling.

The underling message here is once again resonates to this: people shouldn't invest if they can't afford losing their investment since by investing you pledge to the unpredictable risk of loss.

[Sanugarid]

Any market has its up and down. bitcoin drops very fast in previous days but now recovering slowly to up. the price has fallen to 3800$ anybody capture that price now will be on profit side.Now bitcoin price increasing day by day is good sign for Cryptocurrencies and it total crypto market will come on line in some times.
So bitcoin current situation is looking good not to worried.market is looking for come back once again.

Obviously the current situation of bitcoin is positive. Crypto market is always unpredictable. But in long term it is not risky. Also you should not invest your whole capital at a time .

Sometimes I don't it when people call the market a positive or negative, is it just because of the price? I mean if you say that market is unpredictable then we should not have any negative or positive side of the price. Bitcoin is very volatile, it can go from a hundred to zero, vice versa, and the risk is high compared to other currency we used online. With bitcoin's price right now, the best is to buy enough not taking everything from yours to risk, just enough to make a profit for investment.

[maydna]

Any market has its up and down. bitcoin drops very fast in previous days but now recovering slowly to up. the price has fallen to 3800$ anybody capture that price now will be on profit side.Now bitcoin price increasing day by day is good sign for Cryptocurrencies and it total crypto market will come on line in some times.
So bitcoin current situation is looking good not to worried.market is looking for come back once again.

Obviously the current situation of bitcoin is positive. Crypto market is always unpredictable. But in long term it is not risky. Also you should not invest your whole capital at a time .

And it proves now. After bitcoin reach and hit $7,100, the price now back to below than $7,000. The bitcoin price now reaches $6,700, and it still goes down, and we don't know how much bitcoin price will stop. The red candles replace the green candles, so we need to prepare if somehow the situations become worst, and we need to make another strategy to face something that we don't want.

Perhaps, we will get another discount price of bitcoin again this time, so make sure you have your money in your account, so you don't miss the right time to buy bitcoin later. And don't forget always to analyze the price before you enter the market.

[BlackFor3st]

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.

That will be the basic in investing, make sure that you will invest only the money that you can afford to lost meaning don't invest those money that you get from loan, money for your daily needs and etc. because it will only cause you trouble if the market will fall. If you have extra money then you can use it as your investment and consider it as your savings so you can just withdraw it when the bull season will occur.

And changing the season of the market is not that simple, it will take time before it will change from bear to bull like 2 years and above so it will be best if you are prepared for it. Buying is the best option right now as the bitcoin price is less than 7k$ and will likely to skyrocket when the pandemic will be finish and the bull season will happen.   

[Yatsan]

If you are one of the short term investor I think there's no need to worry since the halving is coming and we all know what's going to happen in halving, there will be pump, I am not 100% sure but the chart's don't lie, if you check the date of the past halving and see the bitcoin chart you will see that every halving the price of the bitcoin is going up!

BTW, back to the topic, it's the simplest rule of investing/trading or any kind of risky activity. DON'T USE OTHER PEOPLE'S MONEY! Just use the money that you are confident to risk and make sure it's your own so, you will not have any problem regarding it. Win or lose if you use your own money there will be no more problem, but if you lose and you just borrow your money then, that's gonna be a huge one and I am sure that, it's gonna be a huge trouble for you.

[azmirihaque]

There is a saying-'No Risk, No Gain'. Every investment has some risks. So investment in Bitcoin is not out of it. But if you want to make profit, you have to take the risk. It is true that bitcoin price has some what decreased because of COVID-19, it will recover its position soon. I think, this may be an opportunity for the long term investors who can purchase it now with low price and sell it with higher price in near future. So, don't worry who have already invested in bitcoin and are looking now price is falling. Its price will go up as soon as the vaccine of Corona Virus will be invented and the world will back in its own position.  

[totoy4741]

These days many people are scared because they think lose their money with bitcoin because of the price falling down.

The price of bitcoin is not "falling down", after the corona virus scare that led to a crash in price two weeks ago, the price has been stable between 6k-6800, and that is not bad imo, the likelihood of losing money is constant/permanent in bitcoin investment, and every investor should know that.

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..

They should not/never have invested with money to be repaid(loaned/borrowed), only if they are new investors, only then can they claim not to know that.

Definitely agree, if you are new to bitcoin investments and don't know nothing how it works then you must refrain form investing money that is not yours. Make a little time to learn and get your self the hang of it before getting into it full time. We can not take away the fact bitcoin is one of the lucrative investments of this time but you need proper learning about the system..

[alizarosa2123]

On the off chance that you simply put resources into Bitcoin, confirm that the cash utilized won't be required whenever. within the event that conceivable, it need to be your additional reserve funds. Else, you'll be compelled to surrender your Bitcoin at a lower cost. Obviously, end of the day venture is progressively best yet then there's still no assurance that everything will unfurl easily. 2-3 years could be a pleasing venture term however then unanticipated conditions may out of nowhere emerge that might cause a horrendous exhibition of the market. We need to have understood that at now .

[elenag1442]

Thoroughly concur with you. Bitcoin just about consistently encounters an ascent and fall, and individuals who participate in digital currency don't freeze, however utilize such circumstances for his or her own advantage. Feelings and crypto exchanging aren't perfect. Here you would like just cool reason-ability and therefore the mind.