Bitcoin Forum

I'm just curious cause i thought that btc price would go up at around 4500 value. I traded these days at the 3850-4100 values and now i'm "stuck" in BCC.

A lot of people expected this second dip when the prices went back to around $4000, including me. It's not like I did like super extensive chart analysis on the prices, it's just that bull traps has happened alot in the past and I didn't see why it wouldn't happen again. I personally think it's gonna go back up to $4000 after this dip though. The only question for me is that how long are we gonna stay at the $3500-$3600 price range. Take this with a grain of salt as I'm in no way a pro trader.

How did you end up in BCC while trading BTC though? LOL

Well i just got tired trading usdt-btc only so i thought i should put my whole investment in bcc, at 0.123 price(stupid move, but hey, i'm a rookie), and thought i should sell it at 0.127 bcc, then sell all my btc at 4100 again. But this little crash made me realize that i have done  a stupid move :D, and also the fact that i bought the BCC HIGH. I guess i didn't spent enough time thinking about it.

Meh. Common mistake. I did the same with IOTA in the past. Making decent profit everyday trading at around $.79-$.93. Guess what? I got too greedy and went big on around $.79. Then the crash happened the following day. LOL. An expensive mistake. But it's a lesson I guess. Should you sell right now? It depends if you think you can make it back with the loss you're taking. But personally I'd just hold.

At one point or the other we make some mistake that we wished we don't. Man its trading and you cannot get it right every time at least there will be some room for error. My own trading was discourage when I bought a particular coin, not BCC though with small amount, but noticed its going on the high side so, I just decide to go all in and in 2 hours, it just came crashing and for over a week, I am stuck with it.

But it doesn't matter, because I  understand its one of those things and being wrong is not a bad thing for whatever reason. When I am ready to sell, I do it by counting my losses.

Yes i was predicted that and predict another dip till 30 September
Wish this china exchange ban game ended

I think this dip has still the "China effect", because the Chinese exchanges operation will began to unwind their business. The first one will go offline on Sept 28 if I'm not mistaken then the others will follow as well till October. So its very possible that the Chinese dumping has started but not as big as what we've seen during the ICO ban announcement. I know that this will makes us nervous again, but I'm looking at it at the bright side, maybe we can see the price floor so its gonna be a good entry point for most of us again. And I read that Dimon has started his second round of attack on bitcoin so it may have contribute as well to the price going south today.

The party has not begin yet so prepare yourself,
We will be facing another downward movement until the end of this month or early-mid october.i heard the exchanger in the chinese will be closing their service at the end of this month(probably) so we should see a flash crash around that time and expecting another bullrun in the next month.
Slowly,the users will be moving their assets to other exchanger and make the price declining(chinese exchange),and it will trigger the weak hands and another fudster.

Bcc will be back i think to the level 0.13~0.15 when the next run happen(probably),but you should know who is the biggest supporter of this coin,right ?

Expect the downfall until November, that I don't even looking much on the chart price. Recovering od btc from China banning is too fast than expected so we will see soon more of downward maybe until November.

Nothing happens all the time, there must always be a recession, and so many predicted up to 5,000 and now it's gone, now we'll look, it's hard to predict, but intuition yes.

Are you referring to bitcoincash (BCH) or bitconnect (BCC)?

I am expecting Bitcoincash to be pumped in November to coincide with the probability of bitcoin forking again. (The people behind bitcoincash want their coin to be the main coin, and November is their best opportunity).

In not expecting that at all, as the price statutes to recover and increasing I thought it would be a marathon until 5000$ but in some reason it stuck at 4150$ and decreases again and again. Maybe most investors has still doubt left in they're mind as of the moment china issues still unsolved.

Wise traders doesnt trade during Bitcoin major retracements. The market is so bearish, see you stuck with BCC.

Wait until bitcoin has reached the dip then you can buy alts

Even after China Banning announcement the market is in a critical situation many people who at 4500$ above are in a dilemma whether the price of Bitcoin will increase or not. Yes, you are right we can see some downfall until China release any positive news about the legal terms.

If you go tbrough the bitcoin prices since 3years then you can observe that when ever bitcoin price are baing static they dumps and suddenly jumps. And second reason is ofcourse china's ban so overall i beleive there will be a pump in bitcoin price but not as huge as before it had use to be..

BitcoinCrash will crash as its name implies, as soon as it gets pumped, a there are millions of wallets full of BCash out there waiting to be dumped at a good price. That is what happens with every bitcoin fork, you are at constant risk of getting dumped because all these coins got distributed for free, so there's a constant bear pressure.

I wouldn't count on BitcoinCrash to perform anything more than a quick pump and dump.

Segwit2x is a disaster and I hope everyone involves pays for it.

This is really a big thing that people dont follow the trend or they fail to track the trend.what do they follow is they go on track and predict the tops and bottoms of the Bitcoin,which i think is not the right thing . we dont want to find the tops and bottom in order to make money . we just need to make money by our trades and if your are taking positions with the trend then you have high chances of your trade going in your direction. i think the BTC is soon going to cross $4000 for sure it is based on my technical analysis.

I thought the same thing and this costed me a lot by losing much usdt after that mistaken buy orders. I regret for it, we could have waited for more time to buy from more dip, but we didn't do anyway.

Although, I was hopeful that the price would continue to experience the upward trend but I was not too optimistic so when I saw that price had gone back to $3500+, I was not too perturbed but sincerely, I didn't see that coming but currently its gaining some points from yesterday. It better we expect something like this since the coast is not fully clear yet and no serious pish for price to reach a high level at this time.

I totally expected this dip was going to happen at least to test support. After this, there are some possibilities we may hit a new target and hover around it a little bit probably nothing happens again to cause any panic.

There is alot of uncertainty in the market and you should not put in the money you know you cannot lose. If this FUD from China continue then I expect bitcoin price to stay below $4000 for sometime until we began to see another positive light or good news from other countries. I believe that nobody can banning bitcoin and because of this no matter what happens we would keep and hold our coins.

Yeah, i was talking about Bitcoin Cash. Who's the biggest supporter of this coin? Roger Ver? And what does that mean? ;D

yes that is right that still there is a lot  of uncertanity which can effect the price of bitcoin. but still i think that most of the investors are holding bitcoin and not letting it go down any more, therefore we can see that bitcoin is still trading above 3700$ which is making bitcoin more stronger, i am sure that they will continue giving support to bitcoin and hope that bitcoin price will not fell down anymore.

I equally think the dip won't stay there for long and that
the price will reverse back to 4k and then continue a bullish trend for sometime .

You can't predict anything really in Bitcoin except that things will be unpredictable. Yes you can tell why something happened in the markets but since it's worldwide you never know when something will trigger the market.

It is not about losing if you are losing then you are completly learning about the things so i would prefer that you are not losing inside you are getting things to understand so i prefer that you are learning from mistakes.

Big fluctuation of bitcoin price is expected , for we can tell by inspection of the past history of bitcoin prices.
You should know that as a trader.

It still can reach 4500$ and seems like soon it's going to reach that point, and it is a common mistake to make the wrong prediction, BCC is not a good alt coin to trade, it just got pumped and then the price go down again and it's stagnant, but all of it will become a good experience, and recently the price is so unpredictable, I also losing the money recently because of the market fluctuate in a wild movement

Don't expect it, well we can predict it some dips and pumps after the news like the Korean's now are banning ICO's which is similar in chinese news before. Its better to hold your bitcoins and always buy in dip that is simple and a big profit after the price of bitcoin surge a new price.

Yes it is better to hold bitcoin now because sure it will come up again and reach new ath and avoid panic because it is just a normal move in the market were people join the flow of the market based on the news and pump it again as they want.

whether the problem is influenced by the existing tensions on the Korean peninsula so it is likely to cause the price of coin on the market to be down and unstable.

yes it will go down for a while and i think its just correction before its back to increase. we can reach $45xx but we need to waiting and after we break the barrier, the price will go up more. i think if you don't sell right now, you can waiting for another high price soon so you can make profit too. just be patience once more time and don't be panic.

Regardless of the cause (you're possibly right, possibly wrong; but either way I think the effect will be the same), I've been holding on to a little spare fiat that I was going to buy more BTC with. The plan is to time it to get an even better deal than if I were to buy right now.
The interesting thing is that if there's enough people doing the same as me right now (seems likely), that reduces the buy pressure pushing the price down and once we do all jump in, it should rise again with a decent strength/speed. Some will then sell off for their 'quick profits', but there's enough hodlers out there (me included) that it won't just keep yo-yoing up and down.

I will agree to what all you have said. I think the most important thing in the world of business is your experience. Suffering a loss is quite a normal thing, the thing which is more important that you should not repeat the very same mistake in the future, you need to learn from your mistakes in order to get success in your life.

Getting panic will only cause a lot of troubles for you, nothing else. I think this pump and dump is quite a normal thing and it will keep on happening in the future as well. We need to take the best advantage of those moments when the prices are going up or down instead of getting panic and losing your emotions.

Well i don't really consider this concerming as this is the mind of dip that's quite normal with day trading. Prices go up as well at a certain time of the day.

There is every possibility of that getting to that point and right now there is a huge activity going on in the market that would make us see that pretty soon. However, all we have in our power is the prediction while market have the whole power. With BCC, it was already obvious how the pump came about apparently to try to control the market a little bit.

Just some few people are still holding, hoping there may still be another pump later on and once we start seeing some down trend, then we should expect another huge pump for BCC.

It is a very volatile market and surely anything will trigger it's price just like you said and this is why we cannot really predict what the price will be like or increase to at any point in time. We could read the charts, speculate, study, watch closely but any little thing can cause either a bullish or a bearish trend.

Maybe hes pertaining that all of his funds are now on BCC and he cant get out since the price of bitcoin it isn't high yet. I don't know what price he targets but as he said hes stuck  ;D Knowing that BCC is free if you did able to store bitcoin on pre-fork but if he had bought BCC by converting his BTC then this would be the cause why he do such thing.

Chap this thread has been started in September but it is now suits for the current price bump. This price liquidity will increase more in number till November bitcoin splitting and hard fork. Just be careful don't be ready to sell the coins you have. It may dumped to some whales hand. This is how to managed in the last fork. Bitcoin Gold gonna be introduced along with that.

Bitcoins price is constantly fluctuating and there are times it stays around a certain price for some time. I think the OP wanted to convert or sell his BCC when Bitcoins price went up. Was waiting for it to go around $4400 but it had stay low for a couple of days.

After recovered from the last bearish marketing that happened the first week and second week of last month I think price is making a correction and from there gather momentum for further upwards movement. I have been following the market using candlestick formation and I can said in long run we are in upwards trend.

I also predicted that this would happen. It is just because someone told me that this would happen. He told me that he will sell all his bitcoins at 10/02/2017(mm/dd/yy). And I took his idea out of it, and before that dip I sold all my btc. And bought some at the dip. I took a small profit but who cares its still a profit.

Really, at this stage, the best thing to do is just to hold most especially for traders who may not really want to get their hands dirty too much or does not have the mind to take the little sharp fluctuations it brings with it. Apparently, soon, there are still some awaiting news, and I am sure some of this news may really help the boost of it back up to where China panic selling brought it down from and even more.

It is all about the experience and we are meant to always learn from every bit of it. We cannot always have a win win situation all the time and even in real life, it happens. The most important thing is to learn, improve on our decisions for next time and for every good reasons, it surely always amount to happiness from the success we end up having.

Bitcoin has become famous world wide because they have the potential to grow in the world of digital currency. There is ups and downs in every coin and digital currency rates but bitcoin is most stable from them as it prices have already shown us that any thing can happen on it, there could be some problem to bitcoin in recent days but bitcoin will grow up from this and again come up with a bigger price as most of the experts say that bitcoins price will reach to $6000 in coming year we should not lose hope and try to gain as much as bitcoin we could because our future can change any time.

There is no doubt in this fact that bitcoin is the most powerful and successful digital currency around the globe. Bitcoin has struggled a lot and we need to support bitcoin in order to be among the most successful people of the world.

Bitcoin is not having any problem not even these days, bitcoin is the future international currency of the world. I am pretty sure that bitcoin is soon going to change the whole world economy scenario.

The long and awaiting news has come mate. The minor price dip is over, the price is sharply speaking starting yesterday and today it is climbing to $6200. Really good to return this kind of thread though, and see the thoughts of other during that kind of situation. But we have overcome it somehow. So if someone heed your advise and just hodl, then they are very happy by now seeing the price today. There's no really need to panic in case of a price dip, the market can continue to go on parabolic forever, some point in time we need this healthy price correction leading to a price consolidation and then towards a good price surge.

This price of bitcoin is simply awesome. I don't have words to express the level of my joy and excitement. I guess everyone here will be excited at this level of achievement where the bitcoin price has reached.
Those who didn't hold in past must be upset for the mistake they have made but don't worry mates such things happen in life, like I did it personally in past but you have learn from your mistakes and so did I.