Bitcoin Forum

HOLD bear trap reverse up to $450 its not $100 tomorrow

Oh finally someone who think (like me). First time I read this thing and this make me finally happy. Important for bitcoin is is to stay there where arrive. More important that the immediate high increase. Better slowly and securely than fast and then fall. So need to hope to stay here where it is already. If this can become true it will be a big achievement.

As always I am too late with buying btc before it doubled :(
And yes hodl it don't sell a cent :p

I also will do agree nothing going to happen to bitcoin price this time it is correction of price and this will stay stable above $370 and in next boost will get next stable price level above $500.

Stable prices dont come from overnight $100 rises.  Stability came after several months of retailers starting to accept btc, "weak hands" getting out, etc.

I sm skeptical that we can hold the $400 level, let alone $500 and maintain stability.  Seems like nothing has changed from a few weeks ago, and $250-$300 still seems like the baseline where we are headed

I think it will go back down, but a higher baseline, maybe 375

I'm HODLING for a number of years yet brother's, this thing is going to the moon but we must be patient.

i support you theory always is better slow and steady rather then fast and easy
it always ends bad

I will surely keep holding for at least a few years. After that I'll see where the price of Bitcoin stands by that time. Then I'll figure out further what to do.

$350 at worst

$350 is a pretty strong support line I doubt we break that on our way down.

Would be bearish if we do.

I quite agree with this, although I expect it to hold a little higher, perhaps around 350$.

Price will bounce back all this is about fear and profit game.Bitcoin will show some stability in price at 400-450 $ and will stay for long time till next speculation will take place.I do think that it is time to hold not need to enter in panic regarding prices.

Don't blame yourself, over a fucking year of the price doing mostly nothing. Oh well.

Good thing its holding at around $390-395 for now, slightly below that and I'm in the red numbers (bought with median price around $370-375). I'm still confident we'll resume opward trend pretty soon.

No, you get me wrong, I had a good amount of btc, but I bought some stuff earlier and forgot to buy new bitcoins before the price doubled... :(

Hodling either way. This shakeout needs to happen. The runup was unsustainable.

New drop at 370$. I wonder if everyone is waiting for it to drop more to buy cheap or if the bubble had definitely popped at 500$.
Dangerous times I'd say for day traders, too difficult to say.

It seems they are dumping praises again to buy at lower prices like below $300 levels. It's too hard for the daytraders as they cannot dependent on their technical chart or any other reliable trading sources to make some profit off of their bitcoin trading.

yes I quite regret not sell when the price of $395 and is now down to $365, I still do not panic and will still hold.

Seems that will not hold. It is about 360 us dollar now. The decrease is slowly but continuously. It is something that seems that cannot be stopped. The demand from China is terminated and bitcoin is going back to its nest. We must hope to not go even down that the beginning amount. A depressed bitcoin will depress all us. Not because it will not be anymore increases but because always, after the increase will be an decrease. And bitcoin will be some kind of yo yo with its up and down. That's is a very serious thing. If it will be always so, bitcoin will be never considered as a reliable currency.

if you're not a day trader and you're here for a target like 10k or above, why a tiny 450-350 drop should scare you, this should not concern you at all

this price is still a big joke, we can begin to look at the market more seriously with 4 figures at least...

All the bitcoin traders are not trading for 10k price. Most daytraders are trading for some daily profits. So it is too hard for them when the prices are dropping out. But it's too early we can expect for your four digit price for bitcoin right away.

we had to hold though the price dropped really hard and it will most probably not regrow back to the high price it was as people will be careful about buying again

I still hold, although I have bought above $400 and although currently down. I would sell when the price touched $500-600

I am afraid that we will waste all of this run and go back under $300. For God's sake, we have touched as low as $350 last night. I thought we would from a strong floor at $400. Was I naive? I guess you never know in the Bitcoin world.

we are at 370 now ;)
I think the lowest point we could touch right now is 300 and let's hope that's not going to happen ::)
Most of the price of Bitcoin tonight will be decided by the traders from China, if they can cooperate we should we able back in no time!
But, no matter how low the price is im still gonna use bitcoin ;)

I will always hold. I will not sell a single satoshi untill the actual block halving has taken place from now on. I am now full in accumulation mode. Will it go below $300? I don't know, but I will surely use it in my advantage to buy more coins.

I lack patience when it comes to bitcoins as when I sell my digital goods to bitcoins and the price decreases, I go in loss of several dollars and since 2 days, the price has reduced by $150 which is not a good sign for me. I know that the currency is volatile but for some, they can wait till the point they earn maximum profit but for me, I prefer fiat cash.

It went up to fast in the last rise. What did all think was going to happen? Usually with such progress there is always consequences to expect in the near future.
Steady growth is the only way for it to rise slowly then stabilize at a mature price whether that be $500 or what everybody wants it to be at $1000.

Both scenarios are perfectly ok with me, as a long term holder.
1) We go down: Im okay with it, it just means there will be easier to get BTC again
2) We go up: My stack of BTC appreciates in value.

Ok but would you rather build your stack of coins higher when the price go down or would you be happy for it to go up so you can sell off what coins you have for a huge profit?
It is a "what if" scenario so it is just an inquiry not a must do it situation.

With the halving coming the USD 230 <-->  USD 460 seems to be a logit price now.

But don't forget the halving will take place in 7+ months, a lot can happen in the  mean time. Honestly i expected the rising mid march/end march.

if you look at the "pre block halving pump" then we can hit the $1000 price level in 2016 again. i think will continue to rise this year with the ultimate peak comming just a month before or after the halving.