#Bitcoin Price Analysis The falling bitcoin market, who is buying when you are selling? Published 8 months ago on June 30, 2018 By Coinnounce - Coin Announcements Share Tweet 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. Related Topics:21 year old bitcoinBitcoinBitcoin Analysisbitcoin buyerbitcoin investbitcoin investorbitcoin priceBitcoin price analysisBitcoin price chartbitcoin technical analysisbitcoinsellerbtcbtc bitcoinbtc buyerbtc investbtc investorbtc sellerbtcusd Up Next Bitcoin Futures – All you need to know Don't Miss Why we choose Ledger Wallet? Continue Reading You may like Largest Banks Adopting Blockchain Technology Alert: JP Morgan Coin: A threat to Bitcoin and XRP? 10 facts that prove that Craig Wright is not the real Satoshi Nakamoto JP Morgan Stable coin: All you need to know about JPM coin. Bakkt: Huge Budget for 2019: Taking Bitcoin to the Moon? 10 Dramatic Stories of People Who Lost Their Bitcoin Private Keys 6 Comments 6 Comments Pingback: The falling bitcoin market, who is buying when you are selling? – Btc News Magazine 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. Reply 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… Reply Pingback: Travel the world with Bitcoin. – Cryptocurrencies World News Pingback: How Telegram plays a vital role for ICO’s? – ICO News Watch Pingback: Best Cryptocurrency to invest 2018 list. – Cryptocurrencies World News Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Bitcoin Price Analysis Bitcoin Price Analysis: BTC in a critical zone. Published 3 weeks ago on January 29, 2019 By Nadja Eriksson Technical Indicators Significant Support Level – $3,375 Significant Resistance Level – $3,450 Bitcoin price fell to a monthly low towards $3,340 and later recovered. A resistance is formed close to $3,450 on the hourly chart of the BTC/USD pair. The price may begin a recovery back above $3500 if there is a break above $3,450. Bitcoin price fell to a yearly low and later recovered against the US Dollar. BTC could fall further if the buyers fail to break the resistance around $3,450. Bitcoin Price Analysis Recently, we saw a noteworthy decrease in bitcoin price beneath the $3,400 support against the US Dollar. The BTC/USD pair exchanged beneath the $3,360 support and shaped another yearly low at $3,344. Afterward, there was a new upside recovery over the $3,380 and $3,400 levels. A buying pressure helped in the recovery of the price over the $3,420 level, yet there is a solid resistance shaped close to the $3,450 level. Additionally, yesterday’s key bearish pattern line has formed a resistance close to $3,450 on the hourly chart of the BTC/USD pair. A break over the pattern line and resistance around $3,450 is must for further gains. The major resistance is close to $3,500. If buyers are unable to pick up strength above $3,450 and $3,480, bitcoin price can fall further below $3400. BTCUSD Price Chart Taking a gander at the chart, bitcoin price is moving toward the key $3,450 resistance. The major support is at $3,375. If this support is broken, the price may fall below to $3,300 range. Continue Reading #Bitcoin Price Analysis How Gold Price can help in Bitcoin Price Prediction Published 4 weeks ago on January 24, 2019 By Joyce Lang Considering the pre-internet era, the only prominent trusted source of information was the television or the newspapers. These media had enormous outreach but the origin was limited. The world is within our reach with the computer and internet at our command. What if there was a way of making a transaction that didn’t require the use of trusted intermediaries and had direct peer to peer transaction? A Blockchain gets introduced which is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value. A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. The most popular cryptocurrencies are Bitcoin, Ethereum, XRP, Iota, Cardano, Tron, Ripple, Monero, Litecoin and Stellar. Cryptocurrencies like bitcoins have innumerable advantages over the existing substitutes like, 1. They are decentralized and operate on a public-distributed database which holds and encrypted ledger. 2. They provide Transparent Public Transaction record, i.e in the Bitcoin system, every transaction is made public and recorded in blocks which turns out to be a part of the blockchain. 3. Bitcoin is unhackable due to its fundamental depiction. Bitcoin (BTC) traders could get cues from an apparent negative correlation that has developed between bitcoin and gold prices. Gold picked up a strong bid at $1,196 on Nov. 13 and jumped to $1,300 on Jan. 4, possibly due to a sell-off in the weakening U.S. dollar. The greenback was down against most currencies in last two months of 2018 on growing speculation that the Federal Reserve (Fed) could decrease or pause interest rate hikes in 2019. Bitcoin, however, did not benefit from that broad-based sell-off in the dollar. The cryptocurrency instead saw a revived bear market with a convincing move below $6,000 on Nov. 14 – a day after gold found takers around $1,200 per ounce. That price action indicates that the two assets are inversely correlated. Validating that argument is the 90-day correlation coefficient of -0.593. The statistical measure ranges from -1 to 1, with a negative number representing the inverse relationship between the two variables, while a positive number implies direct correlation. As a result, the leading cryptocurrency by market value could be influenced by the next move in gold prices. Currently, the safe haven metal is trading at $1,285, having hit a three-week low of $1,276 earlier this week. Meanwhile, BTC is trading in a narrow range above $3,500 for the 13th straight day. The prolonged period of consolidation could end with a strong bullish move if the corrective pullback in gold worsens. It is worth noting that correlation is not causation and only describes the relative change in one variable when there is a change in another. Gold and Bitcoin Chart As seen above, bitcoin and gold have moved in opposite directions since late November. Gold rallied 8.33 percent in seven weeks leading up to Jan. 4. During the same time, Bitcoin depreciated by 50 percent. Further, gold’s repeated failure at $1,300 has established that psychological level as a stiff near-term resistance. Meanwhile, Bitcoin has defended $3,500 since Jan. 11. The cryptocurrency could see a strong bullish move if the pullback in the yellow metal gathers steam. Continue Reading #Bitcoin Price Analysis Bitcoin Price Analysis: Will BTC rise or fall? Published 2 months ago on January 1, 2019 By Nadja Eriksson Technical Indicators: Support Level: $3600, $3700 Resistance Levels: $3900, $4200 Key Points: Bitcoin price has found major support above $3600 which is not letting the sellers push the price downwards. Bitcoin price is gaining momentum and a lot of buyers bought bitcoin during dips in the past few days. Bitcoin might move above $4000 in short-term to test the major resistance around $4200. Bitcoin price broke the bearish trend line with resistance close to $3700 and moved above. Bitcoin will most likely break above $4000 level and test the resistance around $4200. Bitcoin Price Analysis: Bitcoin price showed bearish momentum in the past few days falling down from above $4000 to around $3600 before starting the correction. The momentum right now is however quite bullish as the robust support above $3600 pushed the price upwards with a lot of buying. The price will likely experience some dips before actually rising above $4000 to test the major resistance. BTCUSD 24 hour chart Looking at the 24-hour chart, the support above $3600 is quite strong. However, the bitcoin needs to break the short-term resistance around $3900 in order to move above $4000 to test the major resistance point. Bitcoin is currently trading around $3774.75 according to Bittrex Chart (at the time of writing). The following article showcases the viewpoints of the writer and not Coinnounce.com. The readers are advised to do their own research and analysis before investing or trading in any digital assets such as bitcoin which is quite volatile in nature. 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