Bitcoin Forum

Thankfully we recovered from the $9k blood bath, how long until you the think BTC reaches a new all-time high above $20k?

The market is beginning to thaw. Thank god!

Bitcoin's price has a tendency to peak @ the end of the year, near christmas and the holidays. It is possible we won't see more all time highs until 3rd or 4th quarter 2018. That year end peak we saw in 2017 may be seasonal and driven by increased demand and volume produced by christmas shopping, black friday and similar consumer trends. Many of the best shopping deals and free shipping incentives occur at years end.

The btc price decline at the beginning of the year we're seeing now could be normal. Many are done with their christmas and black friday shopping. They could revert back to HODL mode until next christmas. This represents a decline in crypto network volume (demand) which might be correlated with the billions lost in crypto market cap.

I don`t want to be too optimistic about this.The FUD continues to create panic.China sooner or later will ban crypto mining and the btc futures trading is pushing the price down.I think that the btc price will remain in the 10K-13K USD area and we might see some big increase next year.There might be a few hard forks this year that will help for a short term price increase,but they will be too small compared with the Bitcoin cash hard fork.

The act of bitcoin price is sometimes above normal. You can't expect the down down down to the low price of bitcoin. Sounds funny but from downfall price it raises again to the peak that probably above the expected price of many people. Slowly it will back again and soar high to the level.

Bitcoin finally recover i hope this will be continue, maybe it takes a long time to reach again the 20k USD but atleast now the bitcoin will increase again and i am really happy for that.

I think you can breath a sigh of relief for now. Because bitcoin is holding strong at $11,500 but its still a far cry from the $17,000-$19,000 that we enjoyed in the November-2nd week of December 2017. We are in the road to recovery, it may be slow but its better that way because we don't want the price to quickly surge just like we have seen last year. But I will remain cautious as the South Korean FUD is still up and their government hasn't made any official announcement as to what direction they really want to go. But I'm optimistic that whatever the outcome is, it will have a short term effect to the ecosystem. But it was nice to see that the crypto sphere is already back on its feet.

Yeah am glad to see bitcoin bouncing back gradually the $9000 price was really a blood bath, but in bitcoin no one can predict rightly what will happen in the nearest future due to bitcoin volatility. But to just say bitcoin is going to gradually recover to it price at early January and may likely rise to above $20,000 in the middle of this year but that not withstanding the price may even fall further more so expect the unexpected.

I read about that news, about blood bath on BTC. Thank God that its rising up again. I believe that BTC currency is hard to beat.

Congratulation friends. I am glad to hear it. I think after few months the price offer $20. Always update the price for every time to get many more rewards :)

I personally think that the slump on bitcoin's price is not yet over. We're experiencing a dead cat bounce for now and it will go sideways from $8.5k to $12k. For long term, I am positive that it will recover to around $15k-$20k. Hopefully, by end of 2018, we might be able to see $40k. The FUDs all over the news and social media is what's causing the pull on bitcoin's price, there could also be manipulation due to the futures.

Fluctuation is a normal on the market what are you worrying about ? it is just a first month of 2018 and the journey of bitcoin will take 11 more months to complete out expectations to it. I see bitcoin will hit more than $22000 before this year ends and looking for more compatible establishments and companies accepting bitcoin as a payment. Those who sold their bitcoin during its drop has a weak hands and mind for not thinking that this was just a part of being a high volatile asset.

Yes, thanks heavens for that. The market has been a blood bath for almost a week now and FUDs kept on increasing while bitcoin and other altcoin's price was decreasing. Thankfully, the market is now slowly recovering and trying to stabilize itself. I can see a lot of greens now, but the prices are still fluctuating a lot. But I think that is a good sign, it means that the movement in the market are no longer being monopolized at a large scale. Hope this progress and increase in size continues.

Hovering slightly above a crucial support doesn't mean we can take higher highs immediately. Bitcoin and other alts haven't fully recovered yet, so I don't think we'll be going through wild rides any time sooner. From time to time, we're still touching $10000, so that already speaks volumes about the market's ability to push forward. Also, a huge sell wall is still blocking $11700 range hours ago, so there's that. All in all, the market is not ready to take a push, but rather would remain as to where it is as of now.

I think it's not so hard to predict what South Korean government will do about Bitcoin. I mean it's a democratic country and thus doing something against their people's interests is very risky for them because people can change the government. It surprises me how easy many people believed in the FUD. Countries like South Korea will never ban Bitcoin imo.

I think it is not easy to say that the bloodbath has been finished now because still there is no confirmation of bullish trend and i don't think it will be right to predict the market when there is no confirmation of any trend either uptrend or downtrend. Still i can't see that the bloodbath has been ended and i think we should be waiting for the confirmation of the trend and then once the trend is confirmed we can go to predict the price levels of the bitcoin and then we can predict the time taken means how long does it will take to reach the new record high breaking the previous high of $20k.

It is going to be a roller coaster ride, no steep increase for a long time nor a slump for a long period, on an average if the coin fares at 13K that will bring fortune for many this year.

indeed the value of bitcoin might will get stuck for a while , at least for several months but hope it won't takes time that much and the positive rumours could come early more than what people expect and also think about…

a little bit pessimistic for bitcoin to grow so fast in the near future it won't  happened for me considering the panic selling just happened and people get confused.

It was expected so I think it's not surprising. The only question back then is how long the bloodbath will lasts and now same question can be applied, how long will this increase go. Honestly it's good to see that we have some strong support at around $10,000 so basically, we can really expect that sooner or later, price will recovered after that stressful days of red phase.

Bitcoin to reached again another new all-time high must not be more to concern today. What matters here is, after that FUD and negative speculations about bitcoin during the bloodbath, we must see how bitcoin price is ready to take again another leap. Id rather see some slow but continous price increase rather than jumping on a higher level.

9000 was scary for a second I actually thought it would dip below this range but bitcoin being bitcoin it recovered after whales took advantage of the cheap coins thanks to the weak hands that dumped now price is back and on the hunt for a new ATH

Seeing the nature of Bitcoin (being extremely volatile), we will see such bloodbaths and scary moments every now and then in future. We cannot always expect the price of Bitcoin to keep going up, but there will be times when we will have to see it going downward too. All we can do or we should do is not to panic and stress out. Mostly I see when the price of Bitcoin drops even just 3 to 5%, they start to panic and decide to immediately sell their Bitcoins. The FUDs have so affected them that every time they see the price dropping, they think it is the time when it goes straight to zero, although that moment is never to come.

I do not see prospects to restore bitcoin. The price increase in bitcoin was triggered by high trust of users to what will be implemented segwit2x. This did not happen. It seems to me that this is the main problem of falling prices. I do not understand why developers are silent. It is their direct responsibility to ensure that bitcoin is competitive. We all become hostages of their inaction.

It is really a relief to see crypto market recovering and bitcoin above $11k mark again. But it is not easy to make a new high for Bitcoin as a lot of investors are shifting to altcoins nowadays because of its high transaction fees which decrease bitcoin dominance to 33% only. It will be the new user base which will get back the glory of bitcoin back by adding increasing the market cap of Bitcoin rapidly.

Well, I know a lot of people who cashed out their bitcoins last December to buy stuff so there must have been a lot of shopping done it bitcoins for those converting to fiat to not make enough impact on the price.

I do hope so, that this simply is a trend. I didn't sell when it was around $20,000, I would have been able to buy more now that the price has dropped.

Yes I am glad to see this btc recover at this current rate. I thought btc will not hit above $11k or it will continues to drops its price. But gladly the market is good and I hope this is the start to go up high. We couldnt tell the Ath this moment but hope btc aill continue to high.

$13,100 at the moment, i think that the price will keep going up by a lot during the next few days. Since it broke the $13k support, it can easily go towards $15000 without any issues. Just prepare yourself for the next pump.

If we have this momentum by Jan end we will see btc price back to 15k levels. Though it needs to find support first above 13 k to rise again. Its little unstable at the moment but if we have next couple of days stable prices or rise a bit then we should find the btc prices to rise back again and which will get back the smile on all the investors as people even bought at 15k levels would atleast cover up the cost.

Its good to aee that bitcoin is recovering because too many people want to cash put there money already because they are worried that bitcoin will go down and down and lost some value. Its good to see that bitcoin is rising again because too many will be attracted again and the demand of bitcoin will ho higher and the price are same.

Probably at least a few months, bitcoin needs to find its feet again and staying in the 15k region for a couple months wouldn't be such a bad thing. New investors are probably quite scared to enter right now.

Mate can you not understand, crypto had a bearish market for 2 weeks and now that it's recovering and the bullish trend is on its start, stop having such useless predicament on when will bitcoin go back to $20,000. And what is up with that blood bath and all, it just went down to that price range for a span of a few hours and you people start exaggerating about it. People's opinions on this matter isn't going to help much to be honest rather a place for idiots to post random things.

Almost all mining has already been gone from China, so that won't make a big difference.

Well I don't really consider this as a recovery rather just a sort of fluctuations because the all time high value of bitcoin is almost $20000 and looking at the chart it almost reach $12000 too far from its previous price. If bitcoin should recover at least it reaches $18000 or should the value continuously increasing but quite glad to see from previous $9000 it has recover now.

I think we shouldn't be just focus and chase that $20K, it was brought by those irrationals buyers because they think that bitcoin future contracts will really push the price to that levels. We have been too much concentrating achieving that goal of ours. It may come I'm sure of that but the least we can do it just wait and see what the future holds.


Yeah, $15K should be at least our next target and it would be safe to say then that we have indeed recovered from the scary situation when bitcoin's price plummeted below $10K.

I don't think so , a lot of people got scared and almost 100 billions got taken of the market cap the last 30 days. I don't know if it has to with the futures or people realizing there are much better options around then bitcoin.

This was happen also last year so it was to be expected to bounce back from dips on January. History really tell and hope it would be the same just like year that on the 3rd quarter of 2017 Bitcoin will skyrocket again. FUD's and other criticism will never stop but bitcoin is unstoppable and I think a three times of its value this year or maybe next.

We need to stop being this bipolar, if bitcoin goes down that somehow is the end of the world and when bitcoin begins to show signs of recovery then we are near a new all time high, I'm fine with the prices remaining more or less in the current levels for some time, I need to save some money so I can invest in crypto once again and if bitcoin does not stop moving then it is difficult to know exactly at what point to invest.

Oh, I thought China already banned bitcoin a long time ago. Anyway, I don’t even think we should let China decide what happens, cause they don’t participate much in this anymore. Bitcoin will reach $20k but we can’t tell when, but we need to invest as much as we can, cause that’s what determines what happens.

Bitcoin is now slowly recovering because of the holiday and the news about banning of bitcoin the bitcoin price decrease.
This decrease makes some investors to panic and to sell their bitcoin, they trust for bitcoin is gone because of panic thnking.
But this decrease also attract some investors to invest again because of low value, thats why its price is slowly recovering.
Hold and hold trust bitcoin, and gain more profit.

It is a good sign that BTC breaks the ceiling of 11K USD after bitcoin and the rest of cryptoworld got into a blood bath. If BTC will reach 13K USD next week, then maybe it is safe to say that an all-time high is not far from grasp.

It's definitely good to see the start of the hike despite regulations in asia. It's as if regulations disable some people from trading and   other people take over. What ever chilling effect the regulations had it wasnt enough for people to lose confidence so im optimistic that we'll see another all time high.

Definitely bitcoin's price will recover. Bitcoin's dropped last week is just a part of market fluctuation due to demand and supply, the drop lasts for about a week factors are panic selling from new users of bitcoin. Its great to know that it is recovering right now. Bitcoin will be a lot useful in the near future and i guess the potential of it in terms on increasing is a lot higher than its potential to lose its value.

Bitcoin is down once again, and now it seems this has to do with tether and a scandal taking place, if the rumors are true or at least people believe them to be true this could explain what we are seeing right now since bitcoin requires huge numbers of money circulating so it can maintain its price and if tether was a fraud then the numbers will be impossible to maintain.