Bitcoin Forum

In last 4 hours, BTC price has rising twice(green candles appear two times), and there is improvement in the second Peak. Maybe it will increase extremely at 3rd and 4th wave.
Now is the best time to buy.

What do you think?

What do you mean with "BTC price has rising twice"? The short time price shifts of bitcoin has ALWAYS been up and down(as you can see on the 24hr chart); simply because bitcoin is still in it's infancy stage. And you cant predict what the price trend is going to be just from looking at the prices 4 hours ago. There's really alot more to the recent price that decides what the future price trend will be. Though yea the price slowly but surely improving a bit, but it doesn't mean it cant go down once more.

24hr chart: https://i.gyazo.com/4cf8f9c19c974b761a7161830a7028ea.png

I think both of those peak were bull trap and there might big dump/sell off on next wave so its better to not hold all of your portfolio in crypto. I have already sold majority of my holding at these two peaks and waiting for some dip to buy more.

You meant storm is about to begin again. Bitcoin is still the best investment.

When bitcoin has dropped over $1,500 in the last few weeks, a small rebound should be welcomed but it has shown an unexpected external threat can wipe out massive amounts of value. If regulations and enforcement got stricter it could subdue the price for a long time.

I don't see the price rising twice in the last 4 hours. It's only slowly rising peaking at $3700. However, the graph tell's us that it can still increase during the 3rd or 4th wave. For me, is no longer what is the best time to buy, but can you hold yourself not to panic when the price go down, or not sell with the price is increases? Again, the price is really hard to predict where its going to be, but for me I'm in it for the long haul so if I have the funds I will definitely get it specially if there is a minor dip. Those are really good opportunity to stash more coins and hodl it as long term investment.

The storm has just begun. While I'm confident that USD 3k,- is going to withstand a few more attacks, I'm pretty sure we're going to revisit those price levels rather sooner than later. I doubt we'll be able to break upwards through USD 4k,- until November / December and it seems like the general market sentiment is the same, thus making the upwards pull rather hesitant.

I wouldn't draw any conclusions from price shifts in 4 hour time periods. You need to consider trends over much longer periods. Personally I think bitcoin has probably found a bit of a level currently around the mid 3000s but if it goes up or down now really depends on any new news regarding the situation in China. The exchanges have a bit longer than anticipated and until that time period things could change positively or negatively depending on what kind of deals they can potentially agree.

You may be right, but I am going to stay in my storm bunker until summer.

Sorry OP but the chart currently can not be seen as a stable growth, its just an everyday chart for BTC appaarently.. Also over the weekend its usually a little slower.. so no forecast given at this point

Your observation is completely arbitrary.  It has no basis in logic at all and I hope you're not trading based on this.  

By using the past as an attempt to predict the future rather than what the future actually involves, you're playing into the hands of whales who manipulate you time and time again into doing stupid things and losing money to them.
Seems unlikely unless the fork turns out to have extremely good consensus.  Uncertainty is never good.

The bitcoin price trend follows some patters which have been already seen in the past. After a huge dupe, the coin price recovers with waves, with end up with new highs. Seems happening every quarter or so. Peaks and troughs amplitude varies depending on different and multiple factors.

A lot of people still in trauma , and feel not secure to hold bitcoin much for now.
They will looking for safer action such as take a cutloss and get a little profit only.
But whenever people doubt in bitcoin , the price grow even higher ! Well worth to wait!

I just gain profit when it touch 2nd peak in short time. I didn't think it will rise above last month pos.
For fight againts blade-side, I have made 'Safe Line' for my self only, considering for middle August's Peak at 5k and early September's Peak at 4.2k. So middle sept's shall not reach more than 3.7k. Unless gradient is curved

I will choose stop when its touch the safe line for now

I meant to say until November / December the soonest, taking into account that until then Bitcoin will have both China and the SegWit2x hardfork at its neck.

However once we're done with both those dramas, hopefully Bitcoin will have some time for respite.

What you are saying is correct now it has started to accumulate and we can see that the price will be going back to pump high and this time it will go to another ATH price.

Bitcoin is going down as it was supposed to, people were buying 1 month prior to the BCH fork and they kept at buying till ten maybe two weeks ago, but

They started to dump when they realized there will never be another hard fork like BCH to give them some extra coins and China made everything worse.

Mining difficulty never increased that much to explain the price going up, I don't honestly know how much it costs to mine a block in China which has the

Lowest and cheapest electricity but if we could figure that out then we'll know exactly where the price will stand stable for a long time.

Current 3rd Wave right now has touch 2nd peak 3.7k (6 hours ago). If this 3rd wave surpase that spot, 4th Spring is Welcoming All of Us

It is very important for Bitcoin this week that if it gets out of the storm well, it could fall to the level of $ 2,000, but it would be $ 4,000.

Lol. Dude, just hours of prices rising on the market isn't something you can trust. Everyone who have been here long enough would tell you just the same. As for me, I am still observing and waiting for the biggest dip bitcoin can go.. Although it might seem impossible for now, I just want to be sure before i throw in some hard earned money into bitcoins. But even saying such, i have already bought some at the last dip few weeks earlier. So i hope the prices really do continue to go up.

This is a good news for us and hoping that it will continue to rise in the following months and waves.
Buying this time is the best opportunity for us so risk now what you can afford.

If you ask me the best time to buy bitcoin already came to pass. A few days ago it was sub $3000. Now we are testing $3700 and quite possibly go to $4000. But the trend nowadays is largely affected by bad news so it can go either way. I've read somewhere that the sell-offs might start again soon. Or not. What I'm trying to say is thread very carefully.

I think save some and sell it partly to reduce the risk because we do not know whether the future is still up or down or can also invest in a place a good cloud mining

I strongly not recommend to invest in any cloud mining programme as the roi for short contracts is very very small, or even negative. I'd recommend to invest in altcoins instead to diversify the portfolio.

I am not quite sure about my opinion earlier, but the Spring just came now. I am still waiting time to Buy at bottom-End of 3rd. See you on the next 4th wave at 4.6k Peak. If this situation stable in Gradient-line, do not surprise with 5th and 6 th Tsunami Wave

Actually at the moment I am wondering on what has changed.
Are there any new developements during the past two days that I am not aware of?
Or is the recent increase just a consequence because we had no bad news, and bitcoin follows the upwards trend it had before the rumors?

It can be a fake out, don't put all your money in yet.

Chinese holders have till the end of this month and end of October to cash out their holdings, expect more volatility coming.

this is the nature of the bitcoin itself that the price could dropped fast but very possible climb up rapidly too but i think currently buy small amount to see the market movement also to avoid huge loss because i personally don't really sure the storm has ended and i fear this is only a trap to makes people buy again

Just short-covering. People went short last week on the China news, and now they are closing out those trades by buying back lower. But if everyone does this at the same time, you get a surge of buying that pushes up the price.

In past 20 days, turn down happened from 4.9k and 4.5k each in Peaks. I myself has made a safe-line by Gradient of those 2 peaks, as result I got 4.0k~4.2k.

There is the safe point, sell half of whole portion at that moment is the best choice. Or just become a Greedy Crazy Gambler

Just a peep at the price shows the recovery is strong but the concern is if the current trend can be maintained up to the ealriee point where the crash occurs and the reason is because while we are rejoicing that the recovery is happening, to someone who bought at $4900+, its not any where close to his target and they should be commended for not dumping when the going was tough.

Bitcoin has now broken back over $4000, people!

It's $4045 on Bitstamp. Hopefully it will hold over the $4000 mark. I hope the people who bought at $3000 are feeling very happy.

Hard to say bitcoin will continue to rise up or it just another way to make people buy more bitcoin before it get dumped again.
Or, another case due to recent good news about bitcoin acceptance in South Africa's second largest Supermarket Chain Pick n Pay which supported by electrum platform and Luno exchange [1]
Or, Japan as the first Country that has legalized bitcoin as legal payment method in their country which encourage citizens, business and companies to provide-transact bitcoin payment which has growing and take over the power from China.
At least you know that buy and sell bitcoin in short time is a gambling activity where many people lose in this game, only if you are panic sell less than the rate as you've bought in the first place.

[1] https://news.bitcoin.com/south-africas-second-largest-supermarket-chain-pick-n-pay-trials-bitcoin-payments/

This is bitcoin we are talking here anything can surely happen and I think this bad news that occur is just a coincidence, and china is the only one that is aware of it, I myself don't have any idea in whats gonna happen with the price of bitcoin back then, and I was the one of the many users that keep hodl of their bitcoin and just wait for the value to come back again, well there is an opportunity in earning in it but I don't usually take out my Bitcoin when I don't really needed money but there is always this idea that even if the value drops it will always turn the tables around and come back.

Price is again on the way up but that doesn't mean it will stay so and there will be no more corrections. As soon as people realize volatility is normal process related to Bitcoin, the better and we would avoid such panic and drama situation in the future. We need some more educations about cryptocurrencies. So, think on long term and don't emotionaly react on every price dump. That is the receipe.

I'm sure that short-covering/buying back in was part of it.  I also think that a lot of people were waiting for $3k, which was being thrown around a lot as a pullback bottom prediction.  But I think the bounce was also because of an end to the uncertainty about whether or not China was going to ban bitcoin.  Financial markets generally hate uncertainty, sometimes more than they hate negative news.

glad that bitcoin able to recover its loss. and the point of buying bitcoin,  i think bitcoin finally raise up,  kicked by all storm and i think bitcoin will be raised up from now and possibly cross 5500$... so its a best chance for you & all people to buy bitcoin...  ;)

Peak on 4.09k,  storm coming again :-X
Downhill are waiting before us

Glad I sold Half portion at it

It could potentially make it over $5k since the current pump indeed seems pretty strong(up in nearly double digits over 2 days consecutively). The recent FUD that we've experienced could just be a temporary pullback with no longstanding effects.

The resistance is strong though, at $4k.

I wouldn't advise buying a lot because even if bitcoin does go up, it's not going to be as crazy gains as we've experienced earlier this year. Best to either only buy using a fraction of your fiat or just wait it out with the Chinese news.

Now is probably not the best time to buy. It's a good time but not a GREAT time.

If you're looking at the long run then i would say with the uttermost confidence that if you were just going to save your money in a bank anyways you're much better off buying into bitcoin right now. It'll make you much more.

However i feel like $4k is still somewhat overvalued. The price could get down to $3000-3500 just with a little bit of FUD. If you want to accumulate, then wait for the FUD to come out and buy.

The price has established itself at over $4000 on bitfinex right now. The overall price on coinmarketcap is above $4000 as well which means that the resistance seems to be fully broken and we are likely going to go up from here.

It's not the best time to buy as the start of the year was the best time to accumulate but if you buy now you'd be able to make at least $500 per coin as i see the price range will be jumping up from the current $3500-4000 level to $4000-4500 in a few days time.

Be cautious though, don't go crazy and invest all your life savings.

As mentioned by many others, now is probably not the best time to buy bitcoins. Your best opportunity would have been a few days ago when bitcoin dropped to ~$3200 USD. Now it is currently and comfortably sitting between 3900 and 4000. However, I think that the price is too volatile just yet climbing out of the recent storm with China and JP.

We should wait a few more days or maybe even weeks before we say anything about Bitcoin's prices going back to 'normal'. In my opinion, bitcoin will only be coming out of the storm once China's ICO ban has been lifted.

  You are taking this dip in some different aspect, dips are necessary for trading. It might be trap as you said, but don’t you think it is better even being a trap? Many people buy more bitcoin at this low price and very soon you will be seeing the amazing rise in market price. So I think this time is very good so if you have a huge amount of money to buy it more now.

I bull trap refers to a rally in a downward trending market that traps bullish investors, getting them to buy in, and then sells off again.  If the period we're in right now is a bull trap, then that means the next move is going to be a lot lower, which means now is not a good time to buy--it would best to wait until we drop below $3k.

Just do the buying if you think that is the best time. There can never be an exact price to be tagged as right price. The term would be, you will consider such level to buy coins. Past performance can't guarantee future results so since the beginning it's a matter of taking the risks.

If you already made a final output out from your technical analysis, then believe on that if your basis is sufficient. After that risk your money and just watch it. Remember that bitcoin was meant for long term so better be patience along the way.

Candle reading  or any kinds of trading analysis is useless once there will be another FUD or panic that will be created while at the same chances of hard pump is also possible too. Since you speculated like that and you think you are right then stick with your predictions.

A trader that wants to buy will buy no matter what the price level is. It's way better to deal with the risks after buying rather than in the end we will ended up saying " I hope I able to buy at $$$" or something like that.

The storm has ended but I do not think we are headed for a new spring, I think we are going to see similar prices for a lot of time since I do not think there is much energy left in the bulls to make the price go higher once again especially now that we got a lot of profits.

The price should be able to go up a lot from current levels by the end of the month, potentially even breaching the $5k level. Though right now we are cooling down from the pumps and even going into the negatives in terms of 24h movement.

The "spring" is going to happen, for sure. Price is going to skyrocket once again.

However whether it can sustain that growth is another problem. I think that price may correct after the pump happens and people start panic dumping as a result.

That's a real fact, but in reality with bitcoin things happen unexpected most of the time. When the price pumped towards $2500, it was termed as a price wave and later when the price grew along with other alts it's stated as a natural pumping. The alts pumping were mentioned as temporary price growth, which has been overcome when days passed.

Technical analysis in theory works but when you take into consideration all the political moves then you need to know every single news related to bitcoin so you can more accurately predict what it is going and why sometimes bitcoin seems to go up for no reason that you can see on the chart but once you look at the news you understand what it is happening.

I am just verily agree with you mate.  Its really good news for us. Although some rumors said that btc will fall down but i don't think so. After fall down 3k$,   bitcoin is start to growing up and now the price of bitcoin is around 4200-4370$ and will gonna raise up. Besides i think this is a great chance to buy bitcoin again...

If all the Chinese got rid of their crypto-currencies we would see a huge dump. This did not happen. Or news about ban of China to use cryptocurrency it is a fake or the Chinese are in no hurry to get rid of their coins. Maybe this information attack to the Chinese further increased its influence on the cryptocurrency market?

China banned exchanges, and I was tired of saying how China's weight on the market was insanely overrated. As we saw, the price dumped, but it recovered. We are now way past the 30th of september where the ban entered official mode.

Another thing I said a million times was how the bad news were already priced in and nothing would happen in the 30th, same thing.

The Chinese already got rid of their crypto. Now the only chinese left are true believers of bitcoin that will not sell under any FUD.

That is the beauty of bitcoin, your guess is as good as mine, but you never know, there is a new hard fork coming in the form bitcoin gold, and the last hard fork was enough to make the price grew to new heights so it is possible the same happens once again.

Though the value of bitcoin is now rising, we still should not relax, since bitcoin is higly volatile, any movement from other countries couod affect the price bitcoin, we should always stick to our plans and improvise when needed. There are things we should always consider, the global market, global economics, and international news, we all know, this could affect the price of bitcoin, there will always be a nrgstive news once in a while, but we should not give, right now, we are used to, not having china on the list and it seems that china would want to join the game again, in this case, good news from around the world will follow, let's just not let our emeotions take over and we should make sure, that our strategy will still win this time, now that the dip is over.

It seem you were right the price is as high as it has ever been and bitcoin is probably going to reach an even higher price in the next day as people prepare to dump their bitcoin gold and then sell those coins as fast as they can, so we need to get ready to do the same.

ty54y