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[AudraMiller]

At the moment bitcoin is trending on the upward as the bull market is strong. In fact with each passing day the demand for the new supply of bitcoin entering the blockchain seems to be getting more and more intense, causing the price to reach great heights that we have not seen in the last three years. However, could this bitcoin price increases be a sign that a massive decline is on the way?

According to an analyst, the price of bitcoin generally is able to show 9 pullbacks, meaning that in the months that are coming bitcoin value could be heading on a steep downhill if we are not careful. After the pullbacks, in the 2015-2017 bull market there was a 37% drop in the price of bitcoin. And as this crypto analyst has suggested, if this follows the same pattern that we saw in this time period, and history once again repeats, we could be set to see this correction taking place in the very near future.

Do you think that the bitcoin price is set for a decline or do you think it can go even further than it is now? What are your thoughts on this? Would now be a good time to sell?

 

[Brain]

Going by the news lately and prediction by good esrñers that are supporting bitcoin now I don't think it might go downhill as stated here but then again, anything is possible with bitcoin price

 

[Wisdom01]

I dont think its right time to sell because the price would still increase more to $20k and you can sell off the bitcoin but for now you can still wait for it to increase more then you withdraw

 

[Josemendez]

Bitcoin still sit presently at $18,126 and is still rising. I believe that the downhill won't be possible at least anything soon. We are expecting it to reach $20,000

 

[microunit]

I think the major reason for the rise of bitcoin is due to paypal having support for it lately though only in selected countries, I think if they release it also in other countries bitcoin will further go up

 

[Wisdom01]

I think the major reason for the rise of bitcoin is due to paypal having support for it lately though only in selected countries, I think if they release it also in other countries bitcoin will further go up

Yeah its obvious since paypal start the adoption then there have been more faith and believe in the price of bitcoin thats why its keep increasing

 

[microunit]

Yeah its obvious since paypal start the adoption then there have been more faith and believe in the price of bitcoin thats why its keep increasing

well years ago paypal had already been supporting bitcoin but they later removed it due to abuses with the volatile nature making them lose money instead, I guess way back then they didn't have much knowledge and do not have proper personnels

 

[sagefave]

as is to be expected in financial markets the current bullish trend of bitcoin will weaken at some point and there will be a decline in the price as the bears come into the market. although when this will happen no one can say exactly as the volatility of bitcoin has proved before that predictions of prices are just that, "predictions'
a lot of good things are happening with bitcoin right now as more people are embracing crypto currencies in general and bitcoin being the strongest crypto in the market is getting new investors and at some point the price is expected to decline

 

[Wisdom01]

well years ago paypal had already been supporting bitcoin but they later removed it due to abuses with the volatile nature making them lose money instead, I guess way back then they didn't have much knowledge and do not have proper personnels

Oh i guess right now they are now having interest but i don't think the volatility nature was what made them stop supporting bit co I , they saw bitcoin as a huge competition

 

[Josemendez]

as is to be expected in financial markets the current bullish trend of bitcoin will weaken at some point and there will be a decline in the price as the bears come into the market. although when this will happen no one can say exactly as the volatility of bitcoin has proved before that predictions of prices are just that, "predictions'
a lot of good things are happening with bitcoin right now as more people are embracing crypto currencies in general and bitcoin being the strongest crypto in the market is getting new investors and at some point the price is expected to decline

True I agree with you. But as for now , we just have to be focussed on benefiting from the present bullish run of Bitcoin, when it starts to decline we will re strategize.

 

[Niftyicon]

There has been several views about bitcoin price towards the end of the year, some optimistic and others negative, I go with the positive that there won't be any downward spirals at least not anytime soon.

 

[microunit]

Oh i guess right now they are now having interest but i don't think the volatility nature was what made them stop supporting bit co I , they saw bitcoin as a huge competition

news I read from before is that paypal suffered huge losses when they supported the direct interexchange from bitcoin to paypal currency that people use this method like buying low and selling high and I guess form that time paypal didn't have much knowledge so they kept losing money without getting any % from the exchange being made

 

[CrazySher]

At the moment bitcoin is trending on the upward as the bull market is strong. In fact with each passing day the demand for the new supply of bitcoin entering the blockchain seems to be getting more and more intense, causing the price to reach great heights that we have not seen in the last three years. However, could this bitcoin price increases be a sign that a massive decline is on the way?

According to an analyst, the price of bitcoin generally is able to show 9 pullbacks, meaning that in the months that are coming bitcoin value could be heading on a steep downhill if we are not careful. After the pullbacks, in the 2015-2017 bull market there was a 37% drop in the price of bitcoin. And as this crypto analyst has suggested, if this follows the same pattern that we saw in this time period, and history once again repeats, we could be set to see this correction taking place in the very near future.

Do you think that the bitcoin price is set for a decline or do you think it can go even further than it is now? What are your thoughts on this? Would now be a good time to sell?

Why, it is going well in recent months and going up and up and up. How it can be go down hill and be lowered. I don't think sk it can be happen.

 

[Brain]

Bitcoin is still on the rise today as I just checked. So the downward spiral isn't for now maybe later next year but not immediately

 

[LutherKing]

It can go down which usually I don't want , since having it at highs , it has dropped more than half of its worth , its crazy yet to invest in money at the moment until it breaches new highs

 

[Josemendez]

It can go down which usually I don't want , since having it at highs , it has dropped more than half of its worth , its crazy yet to invest in money at the moment until it breaches new highs

If it rises then it is even more risky investing in it as it is bound to fall further , I believe that the best thing is to stick with the ones we bought and perhaps buy more if we have spare fund

 

[LutherKing]

Well how will you make people willing who bought at 60k , they will give a damn to your thoughts and having seen a negative returns and consistent negative trend its bound to fall , if not anything btc will fall below 17$k , I can give you confirmation of it

 

[Josemendez]

Well how will you make people willing who bought at 60k , they will give a damn to your thoughts and having seen a negative returns and consistent negative trend its bound to fall , if not anything btc will fall below 17$k , I can give you confirmation of it

Those that bought at $60k and have not sold by now will not sell again because their loss is quite huge and the money they will get selling back will be very small

 

[LutherKing]

That's your point mate but I want to say that's it is hard for people that are actually seeing no progress its hard to make people believe in things that do not work straight forward

 

[Josemendez]

That's your point mate but I want to say that's it is hard for people that are actually seeing no progress its hard to make people believe in things that do not work straight forward

You contradict yourself. For the fact they invest in it at the first instance is an indication that they believe so much in it . What actions they take later is their call