whats next?

[Natalim]

I am hoping a bullish movement ahead, bitcoin is volatile, it can't stay at the current price of $6000, it could either drop or rise but I am seeing that it's gonna rise in the days to come, the pandemic is still here and people are still panicking, bitcoin should become one of the best alternative at this situation.

if they will only use it as mode of payment then this bitcoin and other crypto is a good alternative .
We cant say it will gonna increase unless the virus will be gone, there still posibility that it can be affected by the virus and the price might go lower if that scenario will happen.

We should not forget that every market is possible to be affected if the virus continue to spread even bitcoin cant avoid it.

Both payment system and investment, they are both useful but the reason why bitcoin will rise is not because it's going to be a payment method, this is for a very simple reason that there is a risk using bitcoin as a payment method, its volatility might affect the value of our transaction, so if anyone is not winning to take the risk transacting online, they should not use bitcoin.

[1714693145]

1714693145

[bitgolden]

I guess accumulation phase is the next part. A lot of people sold and they were in panic mode, I can understand that, the whole world is staying at home which is why people think that everyone should sell and keep in cash because they will need it, a lot of business got ruined and will be bankrupt so I get why people were in panic mode. However the smart money is buying right now, they will continue to buy until it goes higher.

It is actually a quite good time to buy right now because smart people know that this will all end eventually, maybe it will take 2 more months, maybe 2 more years (not just corona but the economically recovering) but eventually it will recover. They are buying everything they can right now because when it recovers, they will be the ones left with all the money.

[cunguks]

Both payment system and investment, they are both useful but the reason why bitcoin will rise is not because it's going to be a payment method, this is for a very simple reason that there is a risk using bitcoin as a payment method, its volatility might affect the value of our transaction, so if anyone is not winning to take the risk transacting online, they should not use bitcoin.

You are right about the movement of the value of bitcoin which is very fast which makes consideration of using it as a payment instrument very complicated. maybe it would be wise to make cryptocurrencies in each country with better management. not the use of bitcoin directly as a means of payment but as an exchange rate that can adjust the crypto that is owned by each country.

[Slow death]

I don't understand why in the last days there are many threads talking about this type of subject, it seems that bitcoin died. Am I seeing it wrong that the current bitcoin price is $ 6000 and other people are seeing another price? are they forgetting that until a few months ago the price was $ 6000 and it increased to $ 10,000? We are facing a pandemic that is bringing serious consequences, and it is obvious that at that moment the priority of people is to survive and then in the future they will worry about buying bitcoin or investing in other things. I see no reason to have threads like this.

[Wysi]

I am hoping a bullish movement ahead, bitcoin is volatile, it can't stay at the current price of $6000, it could either drop or rise but I am seeing that it's gonna rise in the days to come, the pandemic is still here and people are still panicking, bitcoin should become one of the best alternative at this situation.

Everyone is expecting for a bullish movement even if not the level of bull run which we witnessed at the end of 2017, we are atleast expecting the Bitcoin to touch 15k mark but at the same time due to ongoing corona scare people are just fighting for survival and I feel the value will increase once the is stopped because we might not get demand during this crisis time. The real game will beging post this virus is eliminated.

[Kunnu]

We all have seen many bad market conditions in last couple of years and now we are facing the current situation but I hope it's all will be stop and we will see something positive in near future anyways I think this bearish market can be a good reason to grow the cryptocurrency portfolio with responsible trading and those who don't want to take any risk they would definitely hold with bright expectations.

[hahay]

Nothing will change in terms of currency. Well, crypto might be another solution when this situation continues but it is only an option for a transaction anywhere and all currencies will remain and they will not make crypto as their main currency because it will not happen for many reasons that have already we realize that fiat is too strong to be replaced even though the crisis will destroy them for a while.

[Rosilito]

Bitcoin was designed for situation like this, If you look closely at one hour chart you will find that it is now consolidating very hard with enough volume, which is a clear indicator of upcoming good times. Though it is still very childish to expect that bitcoin will replace the whole fiat world soon because cryptocurrency in general are very young. Now there is a paradox and we need to understand it very clearly,
If we want to see the high bitcoin prices, this is the time to have unshaken belief instead of preparing for safe and quick exit. Hold on to whatever crypto you have invested in. this is the test.
I believe that if we can hold on this time, future is bright.

I totally agree there, buddy. There's nothing we can do with the current market situation except maximizing the possible profit by investing/buying more when it is still in its low price. Blaming, getting angry all the time won't bring us any good that is why we need to pull out different stuff rather than being afraid all the time. Bitcoin, Altcoins are totally unpredictable so we cannot expect things to go the way we imagine it to. Like what did happened today, everybody expected it to be a safe haven and it turns out to be false one. So I'll reminding ya'll to buy now while it is still affordable.

[DU18]

Nothing will change in terms of currency. Well, crypto might be another solution when this situation continues but it is only an option for a transaction anywhere and all currencies will remain and they will not make crypto as their main currency because it will not happen for many reasons that have already we realize that fiat is too strong to be replaced even though the crisis will destroy them for a while.

Of course the regulatory problem is one of the biggest obstacles to cryptocurrency in many countries today, so it is very difficult to make the crypto currency as a substitute for fiat currency which continues to experience a crisis caused by the corona pandemic that is increasingly widespread, Because, in my opinion bitcoin and some Other alt coins are not too affected by the current corona pandemic, unlike the case with some official currency currencies
country  (fiat) that continue to weaken against the US dollar at this time, of course it is will be disrupted a country's economy.

[justdimin]

That is what people have been talking about when saying bitcoin needs investment around it and not direct to it all the time. Sure we need to buy bitcoin as well, that is a good idea and should be done and everyone should buy bitcoin, but there needs to be people investing into stuff related to bitcoin as well, that is quite important.

All the exchanges, cards, payment processors, marketing, companies and many other stuff all requires money, you can't just try to hope that some people will do it with their own pocket money so they will need to be invested in order grow bigger and bigger. With the amount of money Ripple got, we could had such a HUGE investment around bitcoin that in all parts of the world we would have been easily capable of spending bitcoin anywhere.

[GucciBoy]

Bitcoin will do just fine. Everything will be fine actually. Just keep accumulating as much as you can before the next bull run.

I'm stocking up on BLOCK, as I believe DEX's will do amazingly well in the future - Since you can profit off the trading fees if you own a masternode, I'm definitely going to buy one for the long term. 

[Denamen]

We all have seen many bad market conditions in last couple of years and now we are facing the current situation but I hope it's all will be stop and we will see something positive in near future anyways I think this bearish market can be a good reason to grow the cryptocurrency portfolio with responsible trading and those who don't want to take any risk they would definitely hold with bright expectations.

Crypto market has been constantly changing over the past 3 years and it is certainly difficult to know what will happen next. I just hope the market returns just like 2017 because that's when a lot of people can become rich and certainly many altcoins will return to the best bull run. Of course this will not happen soon and you should be patient waiting for some more time.

[BlackFor3st]

Bitcoin was designed for situation like this, If you look closely at one hour chart you will find that it is now consolidating very hard with enough volume, which is a clear indicator of upcoming good times. Though it is still very childish to expect that bitcoin will replace the whole fiat world soon because cryptocurrency in general are very young. Now there is a paradox and we need to understand it very clearly,
If we want to see the high bitcoin prices, this is the time to have unshaken belief instead of preparing for safe and quick exit. Hold on to whatever crypto you have invested in. this is the test.
I believe that if we can hold on this time, future is bright.

Having an unshaken belief will not work to the traders especially those who are trading daily as they are build to profit in any type of situation. So this scenario can be applied only to those investors who are a long term investors and also to the big whales as they are the one who almost control the market.

This happenings is somewhat related to the pandemic also as we already successfully break the 10k barrier of bitcoin but after the pandemic happened and the lock-downs were implemented the bitcoin price decreases significantly. But we are currently moving forward so I can say that bitcoin has a great future for sure and holding it is a good decision.

[X-ray]

We all have seen many bad market conditions in last couple of years and now we are facing the current situation but I hope it's all will be stop and we will see something positive in near future anyways I think this bearish market can be a good reason to grow the cryptocurrency portfolio with responsible trading and those who don't want to take any risk they would definitely hold with bright expectations.

Crypto market has been constantly changing over the past 3 years and it is certainly difficult to know what will happen next. I just hope the market returns just like 2017 because that's when a lot of people can become rich and certainly many altcoins will return to the best bull run. Of course this will not happen soon and you should be patient waiting for some more time.

Just try to take all of the news that recently published by exchange sites as the main things to determine what will be happening with crypto in the future. No need to argue about that as long as it has a lot of good news and i think we can easily determine what will be happening for sure. Keep your mind of good news will bring us toward the positive trend.

[michellee]

If you ask about what next, then the next thing that we want is increasing the bitcoin price so the price can back to $7,000 or more, and we can make more profit. But we cannot expect that because the market moves without we want, and there are many traders upon the market, and they want to make a profit too. We can enjoy the up and down of the bitcoin price while we can also use the time to buy low and sell high because I feel that this situation will happen many times

[jossiel]

The future is uncertain but there will be a light after this. Crypto is young and bitcoin as its head will proclaim how it can defeat inflation. We are starting to realize that we're coming to that point nearly to see people who have been bashing bitcoin before will get close to it.

The next part to see is after this coronavirus and the halving. Time flies so fast and still, we're on the positive trend. From the perspective who's someone holding it for quite a while, I can say that we're doing good and it's not yet the time to think about your total leave to bitcoin.

[GreatArkansas]

If you ask about what next, then the next thing that we want is increasing the bitcoin price so the price can back to $7,000 or more, and we can make more profit.
(...)

It's kinda difficult for now. If you will check the higher timeframe charts of it, you'll gonna say it's pretty bad. But still, we are hoping to pump. But I don't think about the profit, I'll go for healthy price actions of Bitcoin, if we will stay more volatile, it's kinda difficult but if we will go smooth and make some healthy pumps or dumps, it's good for Bitcoin then and I'll look continue to look forward to longterm part.

[Bezobraznike]

If you ask about what next, then the next thing that we want is increasing the bitcoin price so the price can back to $7,000 or more, and we can make more profit.
(...)

It's kinda difficult for now. If you will check the higher timeframe charts of it, you'll gonna say it's pretty bad. But still, we are hoping to pump. But I don't think about the profit, I'll go for healthy price actions of Bitcoin, if we will stay more volatile, it's kinda difficult but if we will go smooth and make some healthy pumps or dumps, it's good for Bitcoin then and I'll look continue to look forward to longterm part.

   GreatArkansas it's difficult that's true, I read news and generally predictions are not optimistic. Like this one:

"The short-term trend of the Bitcoin (BTC) price since its drop to $3700 shows an Elliot Wave pattern forming on lower time frames. While the pattern can reverse to a bullish trend, the declining volume of BTC suggests it is not likely."

Source: https://cointelegraph.com/news/this-historically-accurate-pattern-suggests-epic-bitcoin-plunge-to-3k

   It's short-term prediction, I am a long-term holder. I believe that future is bright. Right now we have to deal with bigger
issues, the price of Bitcoin suffer like everything else in these times, but that will come to an end, after that the prices will
recover.

[FanEagle]

You do realize that we only need to push above 7k and stay there right? Sure, it would take millions of dollars to do that but if we can do it just once, only once that would mean we will actually be higher on year to date and we would be the only thing that is higher on year to date, no other investment option would be like that aside from maybe having a savings account with some small interest rate that is funnily low.

How can we do it? Maybe we can arrange some day when all of us all buy and finally pump bitcoin (all other coins been pumped anyway) but I doubt we will do that, then what is left? Some good news, if we can have some good news that would mean maybe everyone will react to that good news and we can actually increase the price again, that seems like a possible solution.