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

[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.