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#Bitcoin Price Analysis

The falling bitcoin market, who is buying when you are selling?

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If you think selling off your Bitcoins in a falling market is the one sole smart thing to do then maybe you are wrong. Dont sell your bitcoin low.

Who is buying bitcoin when you are selling it?

You tend to make rash decisions when things look like they are about to go to hell and you wish to make the quickest escape by maximizing damage control. Every time we wish and hope that even with the falling conditions around us, everything can still be managed if you just quickly pull out of the whole scheme and save your day. This way people of course avoid a whole heavy loss and come out of the chaos with maybe a little profit, but with at least something.

But more often than this, what happens is that people also do tend to incur heavy losses. There have been many reports about people stating that if they had just waited out the whole falling financial market, and waited for the value to rise again, they would have easily made up for their losses and actually come out of the whole scenario better and well off.

 

Even for those who are not that far sighted or patient enough to handle all the tension of staying in a falling market just in the hopes that it would rise back soon, they should wait and at least give it a thought that if this is actually a falling market, and the most wise decision right now is to sell off all your stash, who would buy their digital currencies if everyone was of the same narrow thought. I am not saying that there is anything wrong in making the decision of selling off your everything because well, to each his own, but even so, if one actually wants to make a very wise decision, they should actually understand that there are people who are going to have to buy your digital currencies, because you cannot just dump your digital currencies in a pit. They actually go to someone else’s wallet when they leave your wallet.

 

Are you a Trader or an Investor?

Look from this point of view, for suppose you are a trader or an investor who has long term plans on his mind, and for something like this, they would require to put in the least capital for maximum gains. For them to do so, they would definitely love to buy digital currencies, especially Bitcoins, when their price it at its lowest. And in the Bitcoin market, it is a proven fact that the price of Bitcoins is at its lowest when they are being sold off in huge bundles. Such a rapid selling of these digital tokens cause them to lose a huge margin of their value and they end up finally settling at a very low price.

 

You are selling your bitcoins at a low price

Because of this phenomenon, while the people who are actually selling off their Bitcoins owing to its rapidly falling price thinking that it is the best decision to take, they do not realise that if they actually stash these Bitcoins and actually increase their hoard by buying more of them, they would be buying them on a relatively very lower price and when the Bitcoin price finally rises and you have a great opportunity to sell your Bitcoins, you have more of them to sell, at a very much higher price, thus doubling or even tripling their profits. Such humongous and herculean gains just because they waited out the storm, hoarded more supplies and silently waited to make their move.

 

Change your thinking

Eventually, if you think selling off your Bitcoins in a falling market is the one sole smart thing to do then maybe you are wrong and you need to reevaluate your entire thinking. If you wish to simply think and want short term and just make the most of the moment, sell them, but if you are looking from the point of view of someone who has a long term plan, realise how much they are gaining from actually buying these Bitcoin from you at a much cheaper rate and then making huge profits in the future when the Bitcoin value starts to rise again. Does this not prove that patience is actually the sweetest virtue and also the one which helps you make the most of every situation in your life in the eventual long haul if not immediately.

So someone else who has the visions of a long term investment is actually making a huge load of profits by waiting out the falling market. When the prices go back up again, owing to the volatile nature of the Bitcoin market, they can finally go in for the kill and make such huge profits of which anyone would be jealous of.

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6 Comments

6 Comments

  1. Pingback: The falling bitcoin market, who is buying when you are selling? – Btc News Magazine

  2. Raymond j braydi

    July 1, 2018 at 7:14 am

    Bitcoin is the true invention of crypto currencies it wasn’t hacked and it’s the base for crypto exchanges just we need to stick together as bitcoins investors with courage honesty and complete transparency for a open dialogue with the trump administration offering to pay 25 % taxes on profit and assuring the capability of tracing every transaction as well as true documentation of ownership.

  3. sameer gadi

    July 5, 2018 at 3:11 am

    ok but will bitcoin recover? I’ve made some amout with BTCPeek but not sure what to do next…

  4. Pingback: Travel the world with Bitcoin. – Cryptocurrencies World News

  5. Pingback: How Telegram plays a vital role for ICO’s? – ICO News Watch

  6. Pingback: Best Cryptocurrency to invest 2018 list. – Cryptocurrencies World News

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#Bitcoin

Tom Lee: Bitcoin will hit $15000 within next month

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Tom Lee the founder who earlier predicted bitcoin to hit $25000 this year still predicts that bitcoin will surely hit $15000 by the end of this year.

Amidst the cryptocurrency market crash, Tom Lee the founder and CEO of Fundstrat who earlier predicted bitcoin to hit $25000 this year still predicts that bitcoin will surely hit $15000 by the end of this year. Tom Lee stated his bullish prediction in an interview with CNBC.

 

Tom Lee’s Bitcoin Predictions

At the beginning of 2018, when cryptocurrency prices started to fall Tom Lee predicted that bitcoin will hit $25000 by 2018 end. In July this year, Lee restated his prediction to $22000 and again in August this year, he predicted the same $25000 price.

In the interview, Tom Lee remains very confident about his statement about bitcoin reaching to at least $15000 this year. According to Lee, a regulatory clarification would surely increase the price of bitcoin this year. He said that cryptocurrencies with grow as the world will start adopting digital technology.

 

BTCUSD 1 day chart

BTCUSD 1 day chart

 

The price of Bitcoin is currently making improvements and trading at $4674 according to CoinGecko. Bitcoin fell up to $4300 in the last 24 hours. Will Tom Lee’s prediction proves to be true and will bitcoin hit a $15000 mark this year end? What do you think? Tell us in the comments section below.

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#Bitcoin Price Analysis

Dont Panic Sell BTC: Reasons to hold your bitcoin

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As bitcoin dropped below $5000, a massive feeling of fear was created amongst all cryptocurrency holders and traders started to panic sell their coins.

As bitcoin dropped below $5000, a massive feeling of fear was created amongst all cryptocurrency holders and traders started to panic sell their coins which may be what the buyers waiting to buy at cheap desired of. BTC is currently trading at $4661 according to CoinGecko. The major financial media has predicted a further 70% drop in the upcoming time and foresees bitcoin to a $1500 low while other analysts at Bloomberg and other international media houses are predicting bitcoin is fall around $1000. But is this really a prediction or a clever strategy?

Bitcoin Support Level

 

btcusd support levels

btcusd support levels

 

The major support level of $6000 was broken as bitcoin went below this range. Also, another major support at around $5800 and $5100 was broken as the coin went below $5000 mark. Now the next major support level lies at around $3600 from where the price is predicted to rise again somewhere between $5500 to $6000.

 

Upcoming Cryptocurrency ETP

Bitcoin is predicted to see massive gains with the upcoming cryptocurrency ETP which was recently approved by the Switzerland authorities. The upcoming ETP “Amun Crypto traded product” will start trading on “SIX” Exchange which is one of the largest exchange in Europe with a market capitalization of over $1.6 Trillion. The ETP will be tracking an index of top 5 cryptocurrencies that is: Bitcoin, XRP, Ethereum, Bitcoin Cash and Litecoin. The trading ticker of the ETP is “HODL”, the best term for every cryptocurrency enthusiast. The first step to launch a cryptocurrency based ETF by the Swiss Authorities marks a start of more and more ETF approvals on the way which would eventually lead to massive adoption and rapid price increase.

 

Bakkt Launch

The first physically backed cryptocurrency futures exchange Bakkt is going to launch this December. Cryptocurrency Analysts have predicted a massive bullish momentum for all cryptocurrencies especially bitcoin after the launch of Bakkt.

Bakkt is being launched by the Intercontinental Exchange which will provide a fully regulated cryptocurrency service to all its customers. Physical Bitcoin will be stored in the warehouse to back the trading. The Intercontinental Exchange has anticipated a whopping $270 Billion to move in just the 1st year of the service.
Bakkt has already made major partnerships with industry giants such as Starbucks which will start accepting cryptocurrency payments and Microsoft for leveraging the Azure Platform. Also, many great hedge funds have already invested in the Bakkt project such as Alan Haward hedge funds.
The real motive of Bakkt launch is to build an open platform that will help to unlock the potential of cryptocurrencies around the global markets and commerce.

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#Bitcoin Price Analysis

Cryptocurrency Market Analysis: Is a bear market foreseen?

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The price of Bitcoin dropped more than 5% in the last 24 hours along with the major cryptocurrencies such as Ethereum and Ripple dropping more than 9% and 5% respectively. Other major coins such as Bitcoin Cash, Stellar, EOS and Litecoin showed massive bearish momentum falling from 5% to 15%. Ethereum is trading at a yearly low of $158. The total cryptocurrency market capitalization experienced a wipeout of approximately $15 Billion in just 24 hours.

 

BTC USD 5 day chart

BTC USD 5 day chart

Market Analysis

 

BTC USD yearly chart

BTC USD yearly chart

 

In December 2017, the cryptocurrency market experienced the largest market gain with all major cryptocurrencies rising massively. The market started to fall down in January 2018 and since then the market has not reached a proper support range. Based on the market analysis, the price of major cryptocurrencies may not face a good bullish momentum this year apart from the predicted rise during to launch of BAKKT in December.

 

Stock Market and Cryptocurrency Market Co-Related?

With the decrease in the price of major US market stocks, the stock market investors predict that the market may not see a bullish momentum soon and may face more losses in the coming time. The bear market of US stocks has also impacted the cryptocurrency market which has dropped majorly since the stock market crash.

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