- The digital currency falls below $7,000 to its lowest since Nov. 15, according to CoinDesk.
- The decline follows reports in the last week that have raised worries about increased regulation and potential price manipulation at a major cryptocurrency exchange.
- The heads of the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission are also set to testify before the Senate Banking Committee on Tuesday.
I Was Told That Cryptocurrency Is Like A Body Breathing
Although, this does look bad as Bitcoin appears to be dying off slowly this is considered normal. @OfficialFuzzy said it will go up and down like a chest breathing in and out. ON top of that, it is the crypto universe's way of giving you a second chance to buy in. Im personally waiting for Litecoin to hit $100 each and stock up like winter is coming lol. I know I shouldnt say this but I hope Bitcoin touches $5000 so I can buy a whole Bitcoin off rip. We know this thing will bounce back and grow stronger than ever after this massive correction. Like they always tell me, this has happened before so put it on your big boy pants and HODL.
15000 was the red line
10000 was the red line
8000 was the red line
7000 was the red line
5000 was the red line
3000 was the red line
1000 was the red line
500 was the red line
100 was the red line
0 was the red line
-1000 was the red line
I wonder if many, or any, will get your point?
https://steemit.com/bitcoin/@davebrewer/hodlers-can-be-uninformed-morons-do-you-understand-you-are-not-buying-lottery-tickets
LMAO
I wish I had some money to put into crypto right now.. because there will be a lot of rise coming soon.!
Why are you degrading and debasing BTC by treating it like a lottery ticket?
https://steemit.com/bitcoin/@davebrewer/hodlers-can-be-uninformed-morons-do-you-understand-you-are-not-buying-lottery-tickets
I like the chest breathing analogy; I've never heard that one! This is definitely the time to take advantage of these deep discounts! I bought some more Ripple the other day when it was down to $.73 which really helped my dollar-cost averaging, but not as much as if I had waited to today! I have put all the money in I can and now I am hodling like a madman!
Check it out :)
https://steemit.com/bitcoin/@pozzecco/6700usd-might-be-dip-of-the-bitcoin-i-don-t-say-it-the-moving-averages-says-so-check-it-out-bitcoin-technical-analysis
OMG! THIS IS BADDDDD!!
It will definitely rise again but for those who don't understand or the fear hearted ones will definitely sell out, but only to regret later.
Depends if we are in the bull trap, or the bear trap.
Just take a look at my analysis below @ceyonce :)
I feel strange because I converted everything I had into Tether a few days ago and im not down anything right now. I could have lost over 3000 per BTC already, wow! And the best part is now I can buy cheap again soon, and not be down anything! Tether is good in times like this! Great post, I shall upvote and resteem for sure!
Nice analysis! I will definitely be waiting till BTC hits the end of this wedge pattern at 5000 to buy more.
On a side note I see you liking the post @trevonjb where is those daily updates on this platform bro lol
6700$ might be dip @Marcopagan :)
People who have Bitcoin. I am telling you, this is the time when you should HODL! If you panic and sell your Bitcoin, you will regret. We will meet at the moon, do not miss the chance :)
maybe some new investors will get in, but those who got burned in the last few months (which is the bulk of the investors) will either not have the money or not have the stomach to buy back in anytime soon....buying after losing 60% of your portfolio is not a sane move. It's easy to want to buy more when you bought below $5000, but if you bought at 14,000+ there is not any hope for the future to merit buying more...it's easy to keep looking into the past at the chart, it could drop to $1000 and someone could put up a chart saying it's STILL up X% over some period...but fact is everyone that bought in recently has been burned worse than any time in the past and there is nothing healthy or normal about shooting up to 20,000 and dropping to 6,000. People that invested in the past saw huge gains...it seems those days are gone, and BTC/ETH will need to double or triple just to break even for many people.
If crypto market holds down for a long time then what will happened.Every one is talking about buy some crypto but common people like me is totally confused that what will happened to crypto market.Hoping for the best.I wish crypto market turns to positive soon.Thanks for the post.
I know surely that it will rise again but that might take a while... Only the patient will enjoy it...
US stock markets in the same slide, no real fundamentals have changed to warrant it, so looks like a general market-wide "exhale" correction. Looking forward to the next "inhale" to ride the wave back up :-)
It's hilarious how people are so eager to scream at people for "trying to make money" with a platform that allows anyone to make money, yet never complain about their favorite YouTubers, athletes, and celebrities doing exactly the same thing.
There are so many hypocrites in the world today. More than ever. Amazing.
It is what it is....
you think it's time to buy ? or it's will continu down ..
It's time to buy, but you should not rush all in and buy all straight away, buy 10% each time you see it dip, like if it dips to 6.7k again buy 10%, it might go up to 7k, but you can set up buy 10% on 6.5k or 6k , if you feel it already consolidated long enough you can buy the rest before it goes up.
I think, that now is probably the best time for all of us to go outside and chill out, maybe have some time with friends and family. Because nature does not care about all the regulations and FUD. The price is not gonna change if you are not paying attention. Just turn off your notifications and don't check the price for at least couple of days (probably one of the best pieces of advise now)
it's been horrible for a month now....just newer lows.
be fearful when people are greedy, and be greedy when people are fearful !
Well it's not a flat fall though,it has to be happened after China's calling.well it will climbed again.HODL is the best option.dont panic.china is quiet famous in taking such decision.
Don't know they come up with their own cryptos in coming future.
Thanks for sharing @bycompoundfilms.
That's an interesting way to view the market, Personally I view it as a combination of news, volume trading and sentiment. Generally, I try to mix the three in a few different ways before I decide whether to buy or not. I bought LTC at $45 and BTC around $2,200, so I'm not too phased by these drops, and I can see why you want certain coins to drop so that you can start stacking them!
I'm focusing on Steemit for the moment, and have completely left my portfolio to one side, as I am confident in my choices and think that I will do quite well if I hold out through the volatility.
I am currently running a project which I am calling the Steemit Success Initiative, which aims to grow Steemit, and grow the amount of daily active users, by doing the following:
We run advertising campaigns for Steemit that are done professionally, to bring in more users.
We provide a guide for all Steemit beginners on How To succeed on Steemit (putting this together by talking to many successful Steemians about how they became successful).
Provide a manual curation service for 5-10 undervalued posts per day
Provide a bank of free graphics for all members of our incubator, and once a month give 1-2 Steemians access to a graphic designer for free. I already have a Graphic designer on board for this.
I am currently looking for support on the porject in terms of advice, SP delegations, and any other way that people feel they can help. I would really appreciate your support on the project, your feedback would be greatly appreciated.
I'm just curious, why would anyone that bought plus $10,000 have sold? They must really think BTC will never peak above that point again. I don't get the FUD, if you don't believe in your investment, why did you drop the money in? I would assume most the people selling right now are the bitcoin million and billionaires who bought in way before the rise and taking prophets out now. I don't understand the FOMO/FUD nonsense, really.
I agree with your analysis below as its lowest point might be somewhere near 5k, but I don't see it going down under 5k , so if you see the price at 5,000 you should be buying lmao.
I'm gonna keep holding my coins and not sell anything maybe buy some more coins if it goes down more. that is how It should be, unless you were lucky and expected this and sold earlier , then you're the king and you're on the winning side currently you should buy in low.
If it goes below 6k some how I'm gonna start buying.
We have seen trends before, the market will correct itself #HODL and Buy the dips!
dips are all there is...beyond depressing
Just hodl and hope
Guys please RELAXX! BITCOIN is coming back! we have been through this and came back before.
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Nice to meet you. I first started to get into steemit. I'll follow you. Thank you for a good article.