Bitcoin Forum

Hi guys, Today bitcoin reached 8K, but now is in road to 7K, its good time to buy?

i'll be waiting by yours answers, thanks

I guess not , the price is 7k6$ for now is the normal signal . I think i only can drop at 7k5 is the worst.

Nope, i don't think it will going down under 7k . I think there will be a hard fork at the middle of December to replacing the canceled fork at November. So the price will increase not decrease at your opinion.

Currently, it is very hard to predict the price of bitcoin because there are some minors giving more preference to BCH and that's why there are so many pending transactions on the bitcoin network. They want to force people to use BCH so temporarily BTC prices may go down but in the long run, BTC prices will recover back and can go even higher than the current price.

it has a possibility to see it under $7000 this week,
but i do not recommend to wait for it even though it goes down to that level.
because Bitcoin can fly at anytime,what i mean is you will miss this opportunity to get the train and in the end you're FOMO'ing the train.
it would be better for you to set your strategy just like this for example :
put 30% from your capital in this level($7600),30% around ($7300) or you set your target.
and 40% for below $7000.
remember,Bitcoin can reach $8500++ in no time just like before,
in mere 2 days the price moved from $6000 to around $8000.
make your own strategiest and make your own choice,but it would be better for you to not let your greed take a control.
profit is our goal as trader,not how much is it but instead profit no matter what is it for every our trade.

Really depends on the deep pocketed folks pumping BCH again this weekend ::)

It is possible. Since Bitcoin has been a very volatile currency, analysts expect it to fall sometime in the near future before rising once more.

Nothing is impossible with Bitcoin even with a big loss. Last week we already saw a scenario that Bitcoin drop from 7k4$ into 5k8$ only in 2 days. So this could be happen if there are news that against Bitcoin.

It is a good time to buy because you already know that the price can get pass 8K. Even if the price gets lower than 7.6K, you already know it will still recover and can get back to the current ATH. If you are a going for long term investment it won't be a problem for you.

Yes it is possible but maybe will not happen also.. Speculative investments like cryptocurrency and its unstable nature makes me more interested to it than any boring stock market things.. It’s a paradise for opinions and to enjoy this kind of brainstorming ideas is much matter than expecting things that is meant to happen not like bitcoin that it can be the other way to 8000$-9000$ or the downfall below 7000$.. Enjoy..

Anything is possible mate and actually the price of bitcoin is still on under $8,000, around $7,688. In my opinion it's not good to buy bitcoin right now because the price is still on the high price, i'm afraid the bitcoin price will fall to $7,500. Remember anything can happen, just don't go all in.

I didn't saw bitcoin reached $8,000 for the meantime it's now at $7,700 and if you think that it will go up to $8,000 just buy it and forget until it reaches another ATH.

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But buying time has been done as the price went down at $7,500 so if you had bought some by that time it's good that you purchased some of it but if not, you should wait for more decrease.

Wow, I hope so! I'd love to see a more prolonged drop in Bitcoin. It would allow all these newbies to buy in at a lower price.

I don't think there's ever a bad time to buy bitcoin. The price today will always seem expensive until tomorrow, when the price has risen. Don't worry about the price so much, just buy in at smaller, but regular intervals. You'll average out your cost and never regret having missed out on some good growth! And you be doubly happy when the price goes down and you're able to buy twice as much with the same investment.

Yeah, like the last week , there is a big loss in the chart of Bitcoin. It dropped from 7k3$ into 5k9$ only in 3 days. Too much volitality.

There is currently no reason to price go under 7000$ this weekend,although something like this could happen at any time.Based on CoinMarketCap BTC is down by 2.2% in last 24 hours but it is still very close to 8000$.There is great opportunity to buy a few days ago when price is go down to 5500$ because of BCH pump and Segwit2x cancellation.The question is whether something like this can be repeated again and give us new chance to buy some cheap BTC.

Lots of games being played with money going out of BTC & into BCH & vice versa but I don’t think the price of bitcoin will go below $7000 this weekend, no.

I think last week was a lot different as people were panic selling and some fell for the BCH propaganda...
Plus, the mempool was a disaster

This weekend all in all I think BTC is doing well, some people still trying to speculate, but don't think we will see any major drop; last week by now it was already pretty high

I believe also bitcoin price has been stable for this week unlike last week where we see a major drop in bitcoin due to FUD's made by bitcoin cash supporters , I don't think it will go down upto 7k usd I was actually expecting that we could see a new ATH

I think not. Ver and Wu are smart and they know they cant do the same trick twice.

But I was hoping they would.

looks like they have already started the pump of bitcoin cash today!
i even saw some unnaturally huge buy walls placed on different exchanges to prevent the crash and push the price up slowly. they succeeded though and now it is pumping hard.

but it seems like this time price of bitcoin didn't even move because of it!
we'll have to see, but if it continues this way i can see bitcoin breaking $8000 and bitcoin cash reaching 0.3-0.4BTC this time around.

BCH will try again this weekend, be ready to buy once BCH is down again.

i think near on it, 7.2k maybe, coz some exchanger do hardfork idk what hard fork but maybe they will sell their bitcoin again soon.

i think soo, prepare your rocket  :o

It is very hard to predict the price of bitcoin at this moment, it is experiencing some ups and downs, it may temporarily meet some downs the worst may be 7k and after all the price increases.

According to some charts we haven't reached 8k yet, we were close though, around the $7998.
But i don't think the price is going down under 7k this weekend or next week, unless the attackers from last week come back (Roger ver & co.) then the btc price could take a hit but not that big. I think we've reached the point where the 7k mark is the new floor, and from now on the price is going to fluctuate as always. Maybe next week we'll go around the $7700-$7400 range, either that or we reach a new ATH, who knows. And if you want to buy, i'd recommend to wait a few more days, keep checking the charts and then go for it.

" 3 Reasons the Bitcoin Price Hit $8,000 Today
 (https://www.cryptocoinsnews.com/3-reasons-bitcoin-price-hit-8000-today/)

1. Wall Street’s Anticipated Entry Into the Markets
2. Successful Lightning-Based Atomic Swap
3. SegWit2x "

today has fallen to $7600 and with so much good news to come, it will be difficult to fall below $7000... you have the option to buy now and hold, probably in the long run you can get very high profits, this is a matter of strategy that only you can define according to your financial condition. Just remember to never make loans to invest in bitcoin and altcoins

When ever you have the opportunity to buy bitcoin at a good rate it is well and good.The price does have a good resistance at $8000 and so we could see these sort of movements until it breaks,so you could get the coin when the resistance pushes it down and sell when it touches the levels again and repeat the process ;D but i do not think we could see a big correction anytime soon.

Seeing the recent news from the miners and all those things about bitcoin cash, i see it really possible to drop below $7500 each bitcoin.
I dont want to be pessimist, but those things are really happening, i have read a message in a telegram group in which they were saying that there is going to be a new attack on the exchanges towards bitcoin (i mean, they will try to dump the price again in order to pump bitcoin cash to $1500 at least)
I dont know if it is true, but it is a bad thing for bitcoin, because it can be dumped.

thank you all for your answers, as they are always very helpful for those of us who are newbies...

I don't think that it'd sound likely for a pattern over weekends to be observed over bitcoin when its markets are all speculation with nothing else on the mind of traders when it comes to buy or sell pressure. On the other hand, this weekend is close to ending and we're still seeing BTC up and closing in to 8k USD so it's likely that we'll mostly be seeing bullish swings unless massive selling pressure hits on.

I think it is better to grab your bitcoins now currently the price of bitcoin is around $7600,because in the month December more investment will be commonly made on bitcoins which incerases the demand for bitcoin also increases the bitcoin price.I don't think bitcoin will reach to $7000 in this year.

This is a normal thing when there is a decline in Bitcoin prices in some time. This is an opportunity taken by some people, especially by a trader. Decrease in Bitcoin prices will probably only happen for some time only and it is possible to rise again. I will take this momentum and make sure that I can make a profit. I do not are concerned prices will decline again as the price of Bitcoin will continue to increase over time.

Agreed, price seems to be in fluctuation which is the the common factor within the entire digital currency. Now the growth has got declined and the same doesn't mean that bitcoin won't grow high. I don't think Bitcoin will decrease low anymore so to invest and benefit out of the same.

especially in the next time. More good news and rumor will come to the bitcoin to pump the price to the mars. because the bitcoin doesn't have a limit and to buy now just to anticipation about the possibility for bitcoin worth more and more money.

Chart says bitcoin will go down a little bit to rally to 8000usd. The Bitcoin investments from Wall street is enough to push BTC to 10k to 12k.

I am not worry about the little dumps at anytime because this fear is only on the people who have been faced the biggest dump in the year 2013. After that to now there is no reason to fear about the bitcoin price dump. Because every time bitcoin price is being recovered to the big blast all the time. That is also especially from time last halving continuous bump in the chart.

I see a symmetrical wedge pattern above 7448.  So we are looking for a break of that pattern for a significant change to price to occur.    All that means right now is that its clear that price is reducing in its range, its becoming more focused before exploding up or down presumably.   

I think the standard interpretation of such a pattern is to say a continuation of trend.  Obviously Bitcoin has been rising and so long as we stay above 7448, confirming above on a 4hr candle then its bullish now.

I would not guess below 7k this weekend but as far as buying we move emotionally to a sell off quite often in bitcoin and I would just wait for China to announce something negative.  BTC is global so its not about 1 country and really the sell off needs more of a reason then that.   But China is big and it'll drop under such negatives, that could be said to be something of a buying possible opportunity.   Right now its just a case of a staircase, we step higher generally

Anything can happen in cryptocurrency, so one cannot be sure about the price in the coming days. Also crash is in inevitable so there can be situation in the coming days when price falls below 7k USD. But looking at the current statistics, there is no reason for such fall if you really want to invest in Bitcoin then I would suggest waiting for some days. As volatility factor will make the price drop under 7k for sure at some or another.

There is no guarantee that bitcoin price will drop to under 7000 dollar. Seems that the price has become stable. Better to invest now and wait for the next rise in price.

The price of bitcoin is already 8k dollars and if you wait the price become 7k dollars again it's okay because even the price are continue to increasw they have possible to decrease again. But high percentage of the bitcoin price will increase. It's your choice if buy right now or you can wait more days .

The price as of now is already 8k dollars and maybe it will decrease but we don't know when we dont know if this weekend.
But i hope the price of bitcoin will continue to increase.

Whenever the price drops below $7500 now i would definitely try buy at least 10% of what you've got to buy bitcoin with. But i don't think that it's going to happen at least any time soon this year.

Usually when bitcoin drops happen it is because of altcoins rising in value, especially forks of bitcoin. Now that the BCH bubble has burst and the BTG bubble is also correcting, i doubt we'll see a rise from either any time soon.

Therefore, price of BTC shouldn't go down much.

Bitcoin price now has got stability to move forward. The same drives the user towards bitcoin buying at price drop points hoping for a large scale profiting, and at some time interval the price falling down is common. And this time the same won't take the price go low to $7000.

The truth is no one can really know and bitcoin is always going to keep surprising us. It is good that we can share opinions and speculate, but the market is all that determines at the end what would end up happening. We already had a break out and now we are having a new consolidation which is ongoing, so it is still a bit early to really know where the trend leads. We might have another break out soon though from my analysis.

It is hard to speculate because bitcoin has a lot of surprises in the past few days, like it will drop but then will spike later on. But for now i don't think it will go down under 7k this weekend and i think it will stabilize in 8k and keep growin'.

It's hard to say that bitcoin value are dropping down under $7,000, because price of bitcoin now in the market is expensive. Also due of good reputation of bitcoin into the crypto currency industry it is impossible for us to believe that bitcoin value are immediately dropping down to $7,000 in this weekend.

I think speculating of bitcoin price in the market is too much hard, but if we believe into the bitcoin and their ability to increase their value on their own. I think we don't need to doubt regarding fluctuation of bitcoin price in to the crypto currency community. Also I trust bitcoin that their price will not fall down into $7,000 this weekend or even after this year.

The truth is that no one really knows what the outcome of bitcoin can be and only one scenario would really have caused bitcoin to get below $7000 in the first place which the chances of it breaking that support level was so low. Still, we are already having some new support at $7700 so far and anything below that though can make it go lower or we might just have to break another resistance from what I am seeing.

Well, so far so good, your speculations are wrong and bitcoin did not indeed go below $7000. I am really not sure we should be expecting some huge massive correction any moment now, as we might just keep seeing some bullish activities for now but no one really knows. Bitcoin only came down a little below $8000 and that really shows a lot that the support is growing stronger than expected.

Yeah right its seems that its aiming to reach 10k$ and looking from some downfall its just easily been taken by massive supporters so speculation that it will fell below 7k$ didn't showed after a week let's see if how long this would stay with 8k$ level still looking for the best result for my investment.

My gut tells me that bitcoin is relaxing for its next shoot, just hang on with it.

This is what any reasonable person would do but as far as I am concerned, we may not really get below $7000 as it is one hell of a huge correction to have now.

We have been able to hit a new ATH from a breakout recently and in cases like that and looking at the trends, that usually leads to a new ATH or another level of break out. One thing I have realized though is that bitcoin is full of huge surprises.

I do not think that the demand for crypto currency is a very strong influence on the price, because recently there has been a very strong and rapid change in prices in the market, so I suspect that it is necessary to talk about other reasons that are more important and problematic

When we look at the value trend from past 1 month could observe tremendous growth in its value. Yes $7k is low compared with current trend. Its advisable to buy now at $8k because we are expecting it will touch atleast $10K.
Let see how its moving up.
Also the value is not staying at the same value even the trend goes down. Awaiting to see $10k

The price is $8460 now. I do not think the price will drop a lot until it reaches CME future next month.