bitcoin fall below $20000 , it's a messy thread.

[cafter]

https://imgur.com/a/ThcdvWN
when i trade for short term this type of dramatic big red and green candles give me so thrilling experience,(when the trade is going in my way also in opposite and also when i m not in that trade   )
many of you who trade experienced it no? it's also like gambling thrill but here we can control our loses in gambling all our funds are at risk. for fun and entertainment trading is boring because we need to wait for patterns.
what are your thoughts is it good news : bitcoin dropped below $20000 , or bad news
for me it's good news(not news, event) because i can accumulate more on discount .
oh, it became messy thread, no worry(why you will worry) you can reply by quoting lines.
my bad english ignore.

[un_rank]

You are a Jr member ranked user and can post images directly. It is not showing up cause your link is broken and you did not use the [img] code tags. When posting images confirm all these and that it is a bbcode which is compatible with the forum.

- Jay -

[UserU]

Oh, finally a time to buy!

Thanks... Silvergate?

[pooya87]

It is both a good news and a bad news at the same time

As I've said before, the world economy specially in the West is getting worse every day and we see its effects in bitcoin price also. The bad news is that the recession is getting worse which has been putting pressure on bitcoin price, pushing it down. It is also not going to get any better any time soon.

The good news is that the effects of it is becoming less and less, specially since bitcoin at the end of the day is still a hedge against inflation and we are also seeing inflation. Additionally bitcoin has the only market that is known for not having any correlations with any other market. This makes it an excellent choice at times of economical turmoil.

[crypticj]

I told you guys before and I will tell it again. Unfortunately, we are STILL expecting the bottom. If we will look at the inflation, what FED is saying, and the economic situation in general, it looks like something will break down soon. Everything is still kinda bad and it won't get any better until FED will start lowering rates.

So I still recommend everyone to not go all in on bitcoin or any crypto until we will see signals that the economy will get better from now on. DCA is still a good idea like always, but be careful when you choose at what price to start DCAing.

Be safe, bros.

[cafter]

The good news is that the effects of it is becoming less and less, specially since bitcoin at the end of the day is still a hedge against inflation and we are also seeing inflation. Additionally bitcoin has the only market that is known for not having any correlations with any other market. This makes it an excellent choice at times of economical turmoil.

maybe i am wrong,
but BTC corelated with USA Indexes like S&P 500,nasdaq,etc

BTC:
https://ibb.co/72XF7x6

Nasdaq:
https://ibb.co/jfmF2Jp


S&P 500:
https://ibb.co/F4ZYcqp

[EarnOnVictor]

What Bitcoin is facing now is the law of gravity, there is no way it would rise without retracing, but if it does this too much, a long-term bearish trend would be activated. The truth is that I have seen the coin on the bearish path since February, so what is doing now is not a surprise to me as I follow the trend of the market regardless of the noise attached to it.

As it is now, the $20k is a very good judgmental level, we've not had a successful break below it yet, but if we do, then a long-term sell might be activated.

[Gayong88]

what are your thoughts is it good news : bitcoin dropped below $20000 , or bad news

It's also called the market can go up or down Personally, I think the decline in the value of btc is good news. That's because a decrease in value would mean better earnings for the miners. Also, many people don't really like crypto because of its rising prices. It will be very cool to see what the future holds for cryptocurrencies and how their popularity continues to grow.

I want to share my opinion. I think Bitcoin is a pretty good idea, the currency, while volatile, tends to fall in value. This is because supply is steady, so the world is becoming increasingly cashless and trust in government-backed financial institutions is falling, it is likely that Bitcoin will be seen as a safer option.

[pooya87]

maybe i am wrong,
but BTC corelated with USA Indexes like S&P 500,nasdaq,etc

Apart from the panic sells that happen over the past 2-3 years from newbies who think there is a correlation, what you see is not a correlation between bitcoin and these indexes. It is a correlation between bitcoin and the global economy.

The best example is 2019 or the worse part of the ongoing pandemic. For example when US economy got dumpstered people started selling every asset they had hence crashing the stock market, one of the things they sold was also bitcoin hence crashing bitcoin also.
Interestingly enough when bitcoin started recovering early in 2019 and went up 330% in only 2 months all those other markets were still struggling to not-get dumped anymore. Ergo the lack of correlations.

Things are the same today. When the US inflation grows and they fight it by increasing the interest rate and fail to control inflation, it causes recession. In a recession people liquidate their assets. Bitcoin is not an exception.

[Marvell1]

I told you guys before and I will tell it again. Unfortunately, we are STILL expecting the bottom. If we will look at the inflation, what FED is saying, and the economic situation in general, it looks like something will break down soon. Everything is still kinda bad and it won't get any better until FED will start lowering rates.

So I still recommend everyone to not go all in on bitcoin or any crypto until we will see signals that the economy will get better from now on. DCA is still a good idea like always, but be careful when you choose at what price to start DCAing.

Be safe, bros.

If inflation starts to fall, they will stop raising interest rates but have no intention of lowering rates yet. I suspect a rate cut will only happen from mid-2024, and as you say, this year is still a good year to accumulate bitcoin.

Bitcoin has fallen by over 80%, so whether inflation continues to rise or lasts longer, DCA from this price level is the best fit. Although the world economy will not know where it will go, bitcoin always has surprises, so don't wait, let's collect it now. Don't get too greedy and expect bitcoin to drop to $10k, it's very unlikely.

[Fullcoinese]

what are your thoughts is it good news : bitcoin dropped below $20000 , or bad news
for me it's good news(not news, event) because i can accumulate more on discount .

for those who want to increase their Bitcoin in the bag, of course, a Bitcoin price drop is a good situation. for those who have started for the long term, it will not have any effect as long as the investment plan that is applied can still be held. some investors will also always buy a little when a bearish pattern occurs. it makes the assets they have will continue to grow.
but those who trade might be more careful with the Bitcoin downturn situation.

[d3nz]

Lots of speculation and FUDS all over the world, and of course taking advantage of the crypto market while in a dip is really good.

And I think that BTC will go collapse below $17k, Daily and Weekly timeframes really confuse us but still, it is an opportunity for us to hoard and buy while we can before the bull run runs again.

[KingsDen]

https://imgur.com/a/ThcdvWN
when i trade for short term this type of dramatic big red and green candles give me so thrilling experience,(when the trade is going in my way also in opposite and also when i m not in that trade   )
many of you who trade experienced it no? it's also like gambling thrill but here we can control our loses in gambling all our funds are at risk. for fun and entertainment trading is boring because we need to wait for patterns.
what are your thoughts is it good news : bitcoin dropped below $20000 , or bad news
for me it's good news(not news, event) because i can accumulate more on discount .
oh, it became messy thread, no worry(why you will worry) you can reply by quoting lines.
my bad english ignore.

To be honest with you. I am no longer comfortable with the movement of Bitcoin, although I already know that bitcoin is cyclical in nature, but most tmes I do not wish that it happens because we do not expect it when it happens.
It would have been fine if bitcoin had a strong support at $20000. Whatever cyclic movement it is making it should go above 20,000 and do not come below 20000 dollars. This will give us the resurging confidence to continue.

But any movement below 20000 dollars will create some panic that may pull the price below 15,000 dollars, which is not good for businesses and investments in cryptocurrency.
Yes, it's time to accumulate, but how about those that has accumulated and waiting for a rise.

[franky1]

maybe i am wrong,
but BTC corelated with USA Indexes like S&P 500,nasdaq,etc
BTC:
https://ibb.co/72XF7x6
Nasdaq:
https://ibb.co/jfmF2Jp
S&P 500:
https://ibb.co/F4ZYcqp

no
whats happening is all markets correlate with "end of tax year"

the tax effect of that end of year caused all markets to start with a fresh start entering into january

europe africa south america. middle east, asia all have tax tears ending at the end of december
so thats billions of people shuffling funds to end the year at the right valuations for tax purposes

[bettercrypto]

Oh, finally a time to buy!

Thanks... Silvergate?

Yes, it may be time to buy bitcoin now even in other altcoins such as Matic, Shib, Bnb, shibdao, and others.

     Then I noticed that op seems to have a deep knowledge of crypto trading, he has an idea and knows how to read a graph as well if I base it on the illustration he made here. And apart from the fall in the value of bitcoin, I don't think Silver gate is the reason because as far as I know they volunteered to be happy.

[franky1]

Oh, finally a time to buy!

Thanks... Silvergate?

 I don't think Silver gate is the reason because as far as I know they volunteered to be happy.

first we had the FTX contagion last year. then this week we have the silvergate/stablecoin contagion

there are some whales doing futures that want to keep the price at or above $20k so they will try to fight on spot markets to keep the price up around that area for a week to then end above $20k
but lets see how the futures whales can fight the silvergate contagion of spot markets vs futures bets

could be an interesting week

[coolcoinz]

https://imgur.com/a/ThcdvWN
when i trade for short term this type of dramatic big red and green candles give me so thrilling experience,(when the trade is going in my way also in opposite and also when i m not in that trade   )

Then either stop trading short-term, or learn to deal with it. Most traders get wrecked in this market because it's heavily manipulated and there are people with more money who just watch leveraged position to crush them and make a profit. They saw another hawkish FED move and a lot of uncertainty among traders because there was no trading volume last week, so they crashed it.
It doesn't matter for the long run because bear market is going to end next year with their manipulation, or without it, but for now there's nothing we can do about it.

many of you who trade experienced it no? it's also like gambling thrill but here we can control our loses in gambling all our funds are at risk.

I hold bitcoin for years and I don't feel any risk. It's going up at some point and whether I have to wait 2 months or 2 years doesn't matter.
The risk would be only if I was willing to sell it cheap out of fear.

[Ultegra134]

I told you guys before and I will tell it again. Unfortunately, we are STILL expecting the bottom. If we will look at the inflation, what FED is saying, and the economic situation in general, it looks like something will break down soon. Everything is still kinda bad and it won't get any better until FED will start lowering rates.

So I still recommend everyone to not go all in on bitcoin or any crypto until we will see signals that the economy will get better from now on. DCA is still a good idea like always, but be careful when you choose at what price to start DCAing.

Be safe, bros.

I just noticed that the market has crashed again; I hadn't bothered to check for over 3 to 4 days. I also supported your opinion until I saw Bitcoin trending at $25,000, thinking that it was unlikely but not impossible to go below $20,000 again, but I was certain that it wasn't over. Now, I'm positive that there's still a possibility to see a new bottom for Bitcoin. The economic situation hasn't gotten any better, and inflation is still soaring around the world. Whether we like it or not, we still have a long way to go before we can expect a possible recovery; one or two years is the bare minimum.

[jayce]

To be honest with you. I am no longer comfortable with the movement of Bitcoin, although I already know that bitcoin is cyclical in nature, but most tmes I do not wish that it happens because we do not expect it when it happens.
It would have been fine if bitcoin had a strong support at $20000. Whatever cyclic movement it is making it should go above 20,000 and do not come below 20000 dollars. This will give us the resurging confidence to continue.

But any movement below 20000 dollars will create some panic that may pull the price below 15,000 dollars, which is not good for businesses and investments in cryptocurrency.
Yes, it's time to accumulate, but how about those that has accumulated and waiting for a rise.

That what makes bitcoin is completely different from other kind of investments or assets, where you could gain profit overnight and lose its value in the next day. Obviously all of us want it to be more stable, but since there are no government nor foundation back its value, then no one can guarantee it but yourself. That's why we are expected to not invest all of our wealth to one asset only. Gold is always the best choice for a stable asset option.

[Pandji02]

Lots of speculation and FUDS all over the world, and of course taking advantage of the crypto market while in a dip is really good.

And I think that BTC will go collapse below $17k, Daily and Weekly timeframes really confuse us but still, it is an opportunity for us to hoard and buy while we can before the bull run runs again.

True, I'm waiting for the best moment to buy Bitcoin now, because I don't think it's gonna break $20K soon again. Don't want to miss on this opportunity.

[UserU]

That what makes bitcoin is completely different from other kind of investments or assets, where you could gain profit overnight and lose its value in the next day. Obviously all of us want it to be more stable, but since there are no government nor foundation back its value, then no one can guarantee it but yourself. That's why we are expected to not invest all of our wealth to one asset only. Gold is always the best choice for a stable asset option.

Funny that people often advocate for Bitcoin as an asset free from government and market manipulation, yet we're seeing the total opposite

[indah rezqi]

But any movement below 20000 dollars will create some panic that may pull the price below 15,000 dollars, which is not good for businesses and investments in cryptocurrency.
Yes, it's time to accumulate, but how about those that has accumulated and waiting for a rise.

I also expect $20K to be strong support, however a drop to lower support is also likely to be expected.
Now it's worth holding on and don't panic, take some more honey in weak hands and let's see what happens after. I'll try to do the accumulation as best I can, this seems like the right time.

[jayce]

That what makes bitcoin is completely different from other kind of investments or assets, where you could gain profit overnight and lose its value in the next day. Obviously all of us want it to be more stable, but since there are no government nor foundation back its value, then no one can guarantee it but yourself. That's why we are expected to not invest all of our wealth to one asset only. Gold is always the best choice for a stable asset option.

Funny that people often advocate for Bitcoin as an asset free from government and market manipulation, yet we're seeing the total opposite

For some point yes, though we could also see government banning bitcoin, and yet their people still can own and use it

True, I'm waiting for the best moment to buy Bitcoin now, because I don't think it's gonna break $20K soon again. Don't want to miss on this opportunity.

Usually we will wait the bottom price to buy bitcoin, but when it reaches the line, we are now in doubt and wondering if the price can be lower, and while we are waiting to take the right decision, its price bounces up and we are already too late to hop in.

[Durabolin]

In my opinion, the reason bitcoin is not in a very good position is because of the western countries.  If Bitcoin price is in a pumping position one week, the very next week, its horizon moves to a dumping position.  Especially the Western countries are holding Bitcoin.  But I think it should be put on hold for now.

[Accardo]

But any movement below 20000 dollars will create some panic that may pull the price below 15,000 dollars, which is not good for businesses and investments in cryptocurrency.
Yes, it's time to accumulate, but how about those that has accumulated and waiting for a rise.

I also expect $20K to be strong support, however a drop to lower support is also likely to be expected.
Now it's worth holding on and don't panic, take some more honey in weak hands and let's see what happens after. I'll try to do the accumulation as best I can, this seems like the right time.

It's a good time for the accumulators and tough moment for those who have accumulated. I feel bad seeing my assets dropping real quick, though I know it'll bounce back to normal, but I may not be convinced to accumulate now. Looking at the fast paced drop in price, bitcoin would go below 18k like before, then accumulation would be a better idea to balance losses. Lots of users would sell during this period and it'll affect the price negatively. Hoping to see a bounce back soon.

[Nrcewker]

Oh, finally a time to buy!

Thanks... Silvergate?

Yes thank God, someone finally thought the best of the current situation. Everyone I see, are panicking due to the price drop. I mean it’s obvious that the price will sometimes go up, and sometimes down. But instead of utilising the time, many are complaining. Currently Bitcoins are available in the best price. So without wasting for better moment, I would suggest everyone to buy as many coins as they can. Buy it now and hold for few weeks, then sell the coins when the price recovered. And at last don’t be tensed always with the price.

[LogitechMouse]

After FTX, we now have Silvergate as the first to do it this year.

I'm laughing on how the people are reacting with this kind of events. There are some who are worrying about what happened. There are some like me who are just sitting here and doing nothing and TBH, I'm not looking at the crypto charts for I think around 3-4 days already and there's some who's also like me that are taking this opportunity to buy more Bitcoin now that it's on sale "again".

After what happened, I wonder how will Bitcoin end the week. Will it finish the week below $20,000, or we might see a rebound towards Bitcoin's price. If you don't have spare cash, just do nothing for now. Sometimes, doing nothing is better than doing something.

[michellee]

Bitcoin downturns are a good time to buy as much bitcoin as possible, but we also have to remember that we buy what we can afford. Do not use the money for daily needs because it can make it difficult for you to survive.

Right now, we have more discounts on buying bitcoins and while we still have the chance, we must use it before it's too late. Don't wait any longer to buy because you won't know when the price will get a reversal. And after touching $19k, the price started to increase again and now bitcoin is back at $20k. But we must be vigilant because bitcoin can return to low prices again.

[OgNasty]

Oh, finally a time to buy!

Thanks... Silvergate?

I’ve been saying this will be the last dip to buy, but I’ll admit I’m a little concerned about the state of global investments right now. It looks like if we are due for a massive recession, it has begun. Now is the scary part where we wait for the government to realize we’ve overcorrected and they’ll need to apply stimulus to save people. So it’s all eyes on policymakers which with Biden in office trying to double people’s taxes overnight is a scary situation.

[MoonOfLife]

Oh, finally a time to buy!

Thanks... Silvergate?

Yes thank God, someone finally thought the best of the current situation. Everyone I see, are panicking due to the price drop. I mean it’s obvious that the price will sometimes go up, and sometimes down. But instead of utilising the time, many are complaining. Currently Bitcoins are available in the best price. So without wasting for better moment, I would suggest everyone to buy as many coins as they can. Buy it now and hold for few weeks, then sell the coins when the price recovered. And at last don’t be tensed always with the price.

Why sell it after a few weeks and not hold it until the new bull season? Speculation in the short term will not bring high returns and is too risky. What if this is the last drop, and bitcoin will never drop in price again? If you have the opportunity to buy now, hold until the bull season comes to make more profit.

[fadhilz123]

In my opinion, the reason bitcoin is not in a very good position is because of the western countries.  If Bitcoin price is in a pumping position one week, the very next week, its horizon moves to a dumping position.  Especially the Western countries are holding Bitcoin.  But I think it should be put on hold for now.

Why do you think that it should be postponed for now? Do you have a strong and clear reason for the need to delay the pump on Bitcoin?
Because I don't think that the decline in the price of Bitcoin was caused by western countries holding Bitcoin, because those holding Bitcoin are people who understand Bitcoin and the Bitcoin market, not on the part of the state.

So you also don't have to accuse western countries in this matter because Bitcoin is owned and held by every individual even though currently there are also a small number of countries that hold Bitcoin, but I don't think it is in western countries.

[makishart]

In my opinion, the reason bitcoin is not in a very good position is because of the western countries.  If Bitcoin price is in a pumping position one week, the very next week, its horizon moves to a dumping position.  Especially the Western countries are holding Bitcoin.  But I think it should be put on hold for now.

I thought that if it's not always about good or bad position. Your analyzation didn't matter when it comes to the bad fundamental that faces by bitcoin.

I think that the recent dump happened bitcoin has been triggered due to the latest news that came from US.

US Government law enforcement transferred 49,000 Bitcoin seized from the Silk Road crime proceeds to Coinbase.
Blockchain security firm PeckShield identified that the Bitcoin was seized by the US government in November 2021 and March 2022.

The bitcoin price will be continuously dumped. It's not all of bitcoin seized from silk road already dumped. The remaining bitcoins are still storing in the wallet that is owned by US government law enforcement. I expect you will be seeing another massive dump to come.

The news related to the mtgox payment is also following it. If the creditors will choose to be paid with bitcoin and i expect the dump gonna be for long term.

[pooya87]

no
whats happening is all markets correlate with "end of tax year"

the tax effect of that end of year caused all markets to start with a fresh start entering into january

europe africa south america. middle east, asia all have tax tears ending at the end of december
so thats billions of people shuffling funds to end the year at the right valuations for tax purposes

This makes no sense. If the end of tax year is in December then why would anybody sell their coins today (in March)? Besides google tells me that different countries using different months for start and end of their tax year. US uses Jan to Dec while UK uses April (5 to 6) and so on.

middle east, asia

The correct term is West and East Asia.

[jaberwock]

I’ve been saying this will be the last dip to buy, but I’ll admit I’m a little concerned about the state of global investments right now. It looks like if we are due for a massive recession, it has begun. Now is the scary part where we wait for the government to realize we’ve overcorrected and they’ll need to apply stimulus to save people. So it’s all eyes on policymakers which with Biden in office trying to double people’s taxes overnight is a scary situation.

I think recession is not that bad for bitcoin at all, in fact that could be a reason why it could go up. Now you may ask why would recession make it go up, well in most cases recession means that big companies, or in general lets say "the ones with money" will not invest back into their business, amazon won't open another warehouse, tesla won't open another factory, and so forth, and in that case it means that we are going to see them invest differently, could be keeping their cash, or invest into banks, or whatever else, and bitcoin is one of those things, it's an asset to hold and I think since they can't make money from other things, they may put some of it on bitcoin. Well, at least hopefully.

[Mozzart]

Every time the price of bitcoin drops sharply people are divided into two categories: those who regret not selling and those who will buy at a discount. And as practice shows everything will be restored but the most patient will be in profit.

[crzy]

The support level has been broke, and its time now for a down trend which I think a chance to go lower than $19k if worst will continue to happen. This is predicted already the moment we miss the chance for a breakout, well this is how the market works and its up to you on how you will react on this kind of trend. Its a good time now to accumulate, but for now better to wait for the real bottom instead of catching the fallen price.

[cryptomaniac_xxx]

Let's see though if we are going to see another bottom or now, although there's still that chance since it's too early for this year and technically we are in a bear market still in the middle of it.

Nevertheless, the price going down from $24k-$19k might be a good thing because we can still buy it during this dip.

Cautions though for those who are waiting for the bottom, I think it's better to do DCA than waiting for that last chance to happen before the bull run.

[Ryu_Ar1]

Recessionary conditions that are getting stronger and stronger are making a real impact even for bitcoin right now.
$20K which is likely to be even more I think in this case becomes a few news options because there will be those who say this is bad news and those who say this is good news.
I think with this condition we have to wait further for bitcoin to return to the starting position and of course it is time for us to be ready to buy now

[Joshapat]

About 17 hours ago the price was around $19800 and now it's back to $20240, of course this is a good sign that investors are waiting to buy cheap, it can be seen that if the price drops then the transaction volume increases almost 150% from the previous day, there is always a chance to see the price rising again and doesn't make me panic when the price falls.

[TravelMug]

About 17 hours ago the price was around $19800 and now it's back to $20240, of course this is a good sign that investors are waiting to buy cheap, it can be seen that if the price drops then the transaction volume increases almost 150% from the previous day, there is always a chance to see the price rising again and doesn't make me panic when the price falls.

And it's back to $20,400-$20,500, fluctuating around this price, so we have a round of more than 2% this weekend and I think that is a good numbers already. Yeah, no need to panic, I mean sooner or later we will have to bounce back again.

So let's just be positive that we will continue to have a recovery phase at the start of the week.

Maybe the news on the Biden taxing crypto miners has subsided already and investors are willing to buy again.

[erep]

And it's back to $20,400-$20,500, fluctuating around this price, so we have a round of more than 2% this weekend and I think that is a good numbers already. Yeah, no need to panic, I mean sooner or later we will have to bounce back again.

So let's just be positive that we will continue to have a recovery phase at the start of the week.

Maybe the news on the Biden taxing crypto miners has subsided already and investors are willing to buy again.

Bitcoin has recovered to almost $21k after yesterday's correction, based on the recovery daily high so there is potential for the market to recover once the negative news wears off and has no more impact on the crypto market, we expect end of march to be expected to hit back $25k to record a historical move for the month march this year there is no correction high not march last year

[Oilacris]

And it's back to $20,400-$20,500, fluctuating around this price, so we have a round of more than 2% this weekend and I think that is a good numbers already. Yeah, no need to panic, I mean sooner or later we will have to bounce back again.

So let's just be positive that we will continue to have a recovery phase at the start of the week.

Maybe the news on the Biden taxing crypto miners has subsided already and investors are willing to buy again.

Bitcoin has recovered to almost $21k after yesterday's correction, based on the recovery daily high so there is potential for the market to recover once the negative news wears off and has no more impact on the crypto market, we expect end of march to be expected to hit back $25k to record a historical move for the month march this year there is no correction high not march last year

Honestly, im expecting even go lower than 20k but it seems it did really be able to withstand its position and able to hold up this support line.There are rumors that this might be moving sideways for this level for how many weeks. March-April isnt over yet which supposed to be a bloody market.This is why it is really always that good or better to make yourself prepared for whatever things that would
encounter on this market. Whether it would be going up or down then you should have known on what would be the preparation or plans on whatever things ahead.
People do usually easily freaked out when they do see a long red candle. 

[serjent05]

what are your thoughts is it good news : bitcoin dropped below $20000 , or bad news

For people who wanted to get into Bitcoin trading or just to accumulate Bitcoin to hodl, Bitcoin dropping below $20k is a good news for them.  Why?  Because they can buy Bitcoin at a discounted price.  Buying it at a lesser price means profit and isn't that most investors and traders want?

For those who bought at $21k and wanted to cash out on $25k, it is a piece of bad news for them because they need a longer time to execute their plan.  They can compromise with less than $1k profit and sell at $24k but it is obvious that they won't be selling at a loss.

[CageMabok]

Bitcoin has recovered to almost $21k after yesterday's correction, based on the recovery daily high so there is potential for the market to recover once the negative news wears off and has no more impact on the crypto market, we expect end of march to be expected to hit back $25k to record a historical move for the month march this year there is no correction high not march last year

When compared to prices in the last month, this March the decline in Bitcoin prices looks bigger because last month the Bitcoin price had reached $ 25K, but now we have all seen the $ 20K price range back in the market and this indicates that this month's correction it's still starting to be bigger than last month so everyone's hope is for a bigger price recovery to happen next month in Bitcoin so Bitcoin can break through the $25K level like in the last month.

[Mr. Magkaisa]

what are your thoughts is it good news : bitcoin dropped below $20000 , or bad news

For people who wanted to get into Bitcoin trading or just to accumulate Bitcoin to hodl, Bitcoin dropping below $20k is a good news for them.  Why?  Because they can buy Bitcoin at a discounted price.  Buying it at a lesser price means profit and isn't that most investors and traders want?

For those who bought at $21k and wanted to cash out on $25k, it is a piece of bad news for them because they need a longer time to execute their plan.  They can compromise with less than $1k profit and sell at $24k but it is obvious that they won't be selling at a loss.

  -   You are right in what you said, then I think the market is falling right now because of the series of fuds about bitcoin and cryptocurrency.

Just like what happened with silvergate, and now it seems to have been followed by other issues still related to cryptocurrency, which is undeniably affecting the crypto market or bitcoin at least in my opinion about this matter.

[hugeblack]

With all the negative news, I am still amazed at how the price has held above the $20,000 level, which means that we may not see the $19,000 levels again, given the speed of the rebound that occurred when the price fell.
This may be one of the few times that we will see topics discussing a price drop below 20,000, but it all depends on what will happen in the coming days.

[bitterguy28]

https://imgur.com/a/ThcdvWN
when i trade for short term this type of dramatic big red and green candles give me so thrilling experience,(when the trade is going in my way also in opposite and also when i m not in that trade   )
many of you who trade experienced it no? it's also like gambling thrill but here we can control our loses in gambling all our funds are at risk. for fun and entertainment trading is boring because we need to wait for patterns.
what are your thoughts is it good news : bitcoin dropped below $20000 , or bad news
for me it's good news(not news, event) because i can accumulate more on discount .
oh, it became messy thread, no worry(why you will worry) you can reply by quoting lines.
my bad english ignore.

trading only become a boring area when it is not moving towards our side meaning if we are losing or stagnant , but once we are getting our aim and target? surely you will never mention this lol.
anyway 20k is not that bad to drop because just now bitcoin again comes back from that fall and staying to 20k once more.

[ethereumhunter]

That's good news if bitcoin drops below $20k because we can buy bitcoin at a lower price than before. But many people are panicking to see the price dropping because they are not ready for its arrival. But after briefly touching $19k yesterday, the price bounced back and is now stuck at the $20k it used to be. So we may see a reversal in the next week and we can hope so.

But if it turns out that the reversal does not occur, we must be patient because maybe the price of bitcoin still needs more time to increase again. And if you still want to buy more bitcoins, you can do so while the price hasn't increased.

[DOH!]

Messed up because they panic. Recent FUDs are not bitcoin's problem for them to dump at 20k$, even 19k$. Some people intentionally increase their positions, the bears are trying to do that. I think the free market has decided to hold on and is perfectly ready to continue buying cumulatively. I guess bitcoin will be back in the $25k range very soon as soon as this month. We look forward to making good use of such opportunities

[19Nov16]

Things that make us optimistic because the price is below $ 20k only happening for about 10 hours, and the volume of transactions occurs almost 2x than usual, and of course this makes the price go up and can return to $ 20k, this further makes our guess that the price will soon skyrocketing again and before that happens we have to buy more.