Bitcoin Forum

With the way things are going right now, Bitcoin is fighting to be stable at least in the vicinity of the
$10K level support and though we are wishing for it to make some surges the way it did in the last
quarter of 2017, that may not be happening soon (am willing to be surprised though).

This can be the scenario leading others to conclude that we are
about to experience a longer than expected bearish market or worst a Bitcoin winter season this early part of the year.

Are you still optimistic that within this quarter Bitcoin will surprise us with an unexpected rise or will it
retreat further?

Not expecting any movements from either ways, but am still seeing a possible decline towards $8000 if the resistance @ $10000 proved to be too weak to hold. Also, there aren't much news circulating around to make the traders hyped and go nuts, so probably this kind of stagnation will last for months if momentum hasn't shifted back for the bulls. Somehow it feels 2014-ish since there aren't any major declines or rises, and I'm good with that.

Actually, we could expect a surge anytime soon because of South Korea approving exchanges and the use/trade of cryptocurrencies in their country. Since their move to ban exchanges resulted in a dip in Bitcoin's price because they hold up 20% of all the trade transaction in the whole world. But after some time, they finally approved it although there are some regulations that have been made if traders or investors really want to continue their crypto transactions like they have to register their real-name bank account.

You are right. Hopefully it will decline back to 8000$, coz this might be the safest numbers to hold. I think one of the reasons why bitcoin is bearish now, because of the banks in india cracking down on accounts connected to crypto exchanges. But I am not sure, just my opinion though.

Today one should also take into account the current bad condition of bitcoin, which is associated with its hanging transactions and high commission fees. Because of this, many investors bypass bitcoin and invest in various altcoyins, which, given their small value in the total yield a good profit. If bitcoin in the near future does not eliminate its shortcomings, then its popularity can fall significantly, which will also significantly affect if not on the fall of its rate, then at the braking of its price growth.

I am optimistic of Bitcoin in 2018. The lighting network is going to solve fees and processing time problem. With low fees and fast transaction time, Bitcoin is going to be easily adopted in real life, one example is stores.

I believe bitcoin will climbbut it will be at a much slower rate than last year and a few months before the rise starts.

there is not much I can do but remain confident and optimistic. however, bitcoin remains a benchmark in the reference value of all altcoins. this makes me still believe in bitcoin, although at this time bitcoin is very unstable like altcoin other. there are other factors why I still believe in and keep bitcoin to this day.

As of last year, bitcoin price developments has always been surprising with unexpected prices in the final quarter of 2017. And in this quarter, I`m very optimistic with the development of bitcoin prices, 'that he will recover'. But this time the recovery process will run very slowly like a snail given the hard collision that occurred a few days ago by south korea and india.

Though South Korea will soon be charging hefty taxes on cryptocurrency transactions, we are still hoping that this can instead mean more participation in the market due to transactions now being considered as legal and can be done openly. Things are heating up in the SoKor market and I am sure that this can just be the start. All around Asia, there is a brewing interest with Bitcoin and cryptocurrency in general (except in China, of course).

Nothing is predictable when it comes to the cryotocurrency prices.But I have hope that bitcoin price will start tor rise adter the first quarter of 2018 and the chances are there to hit 20K in this year itself.But the current situation is making me worse bitcoin is hanging at $11K and the only this happening is bitcoin transaction fee got lesser and sometimes the fee is under a dollar and the transaction gets confirmed under an hour.

Bitcoin will rise slowly as the United States and South Korea are already preparing to tax bitcoin and the Bitcoin market will fluctuate for a short period of time, leading to a period of decline, but after that time, bitcoin will rise again , And with Bitcoin, more and more people are aware that as more capital is added to bitcoin and other cryptocurrencies, the entire cryptocurrency is on the rise.

I don't think any pumps may happen within the first and the second quarter of the year. We will be seeing lots of quite unstable prices though it may not be a deep dip like the one we previously saw.  When we should be expecting a rise this year is between the third quarter and towards the ending of the year 2018. That will be a time where there will be lots of panics and the fears of missing out. Because now, many buyers are just relaxing after the rush of last year.

I have the same insights with the majority so far.. For me, as long as Bitcoin does not have any good news to deliver, I think its price will remain floating above $10k for a long time (prob 3-6months)...I am still hoping for some good news though..

Thank you every one for your opinion. I really enjoyed reading all of them. I just learned new things by simply reading your opinions. God bless!

Stability is a good thing for those of us who are serious about bitcoin & in this game for the long hail. Meteoric rises are always followed by inevitable rapid dumps. I prefer to enter a period of sideways action now & rise when there seems a real reason for it.

I can see $20,00 per coin by the end of the year but don’t expect a big price rise this quarter.

I think the price will go down to 9000$ but no lower than that. I also think bitcoin will be at least 20k$ at the end of year and will be 100k$ in 2020.

I suppose for this month and next month bitcoin will remain stable and there is no setback and and significant spikes.
maybe hope for a price spike will be present at the end of February.
but for now we can do short-term trading to earn profits in every day

I'm still optimistic that February will bring us a positive sentiments and move bitcoin price above $12K. Right now we are just above $10K mark and its frustrating to see that we have started at the wrong foot this year.

But I know, that this will be a great buying opportunity, those who have been in line and wants to enter can bought it at this price, and maybe pushing it a bit to $11K. And when February comes in, I hope to see the price test $12K and see it its going to hold. Confident that this crypto winter will be over next month.

i have a feeling that this current wave of FUD is going to be the last one. call it a hunch but i think this is the last time we are hearing all this dramatic things about bitcoin such as bans, subpoenas,... and they are starting to get old.

i am just sitting here watching the price go above and under $10k for no reason! just because someone suddenly remember to spread a week old FUD today :o

The transaction fees and times to process transaction have dramatically reduced in the last 10 days. Transaction fees and times are no longer an issue with Bitcoin. All altcoins are dropping in value with Bitcoin as well if you check CMC.

https://i.imgur.com/wDGtXP9.jpg

I already doubt that the problem of high fees and low transaction speed will ever be solved. I hoped for that by the first fork on August, but forks became just speculative things and they do not solve any of this two problems. Oppositely, I expect with time everything will be only worst.

We have lived the past year in the conditions of constant growth of prices per transaction. All don't like it but we have adapted to this. The world of cryptocurrencies is very flexible. Everyone can find themselves. When the miners and programmers will understand the price of the transaction reduced. I am sure that the spread of bitcoin will reach a new level after he will be fit for use in trade.

This is not a bear market, this is just the price of bitcoin right now, since there are no more news regarding bitcoin then there is not a reason anymore for the price to keep growing up as soon as we get more news like that things will improve but what we got in the last weeks have been nothing but bad news and this is why the price is not showing any signs of recovery.

 I am also expecting a new correction on this scenario but not to much, which is perhaps it will climb gradually in mid of February , and i believe there will be another bullrun again after this volatility.  As wee see the price on the market nowadays is keep crashing and maybe there's an adjustment of price, which is good time to buy, because i have doubts that it will rocketed  again like what happened before.

Apparently, I was expecting this bloodbathe before it even reach the highest price bitcoin achieved before December ended.
And also thankful because everyone who is interested may now invest and will be calmed that they have a lower risks of losing capital.
I think those greedy ones present when prices are nearly twenty thousand dollars will disappear. Losing big time will force them to sell to cut off loses.

Tpyднo чтo тo пpoгнoзиpoвaть ecли вcпoмнить пpoшлый гoд...paзвe ктo тo мoг ceбe пpeдcтaвить чтo кypc дocтигнeт 20к?

Seems like you are right :) . Bitcoin keeps going down. Hopefully it will stay @$8K .

This is actually a long than expected bearish and we did not really expect this to happen this way. I was thinking that bitcoin is going to stay above  $10,000 through out 2018 but the current move is actually surprising. Bitcoin might be heading towards  $7,500 and I am afraid it might get below that value. If we continued to see this down fall many are going to sell out of panic that is going to surprise most of us.
Though dumping has been happening every January and February of every year but the rate that this year own is currently happening is quite alarming. If we continued seeing this every year then we should prepare for this occurrence in advance next year.

If we get to the $8k at all, (that is if we eventually smell it), it is a strong one on the 200MA on the daily chart and I have a feelings we can bounce back from there. I really want it to be fast though as I honestly do not even like all these dilly-dallies. However, if the 200MA does not hold (around the $8k), then we should sure be in for a nice ride downwards from panic selling and that won't be good most especially for bitcoin, so let's be optimistic it is going to hold if it gets tested and if the present $9200 previous bounce back/support does not end up holding.

But I think, bitcoin will hit an another ATH after this bloodbath, like what happened last year. This situation always repeated in the bitcoin market. I think it will start bullish again after chinese new year or in march.

Let's even forget all the transaction stuff right now, this was bound to happen and it is good that is happening so we can have a clear road and cloud to move ahead. Unfortunately, the $10k support was not able to hold as the OP predicted and we have tested the precious low and a nice double bottom will be good right now, otherwise, we may just have to wait to see how the 200 MA will hold probably around $8000.

I hope the great fall will be stopped soon, and this Black Friday in the crypto world will be remembered as the day with the lowest BTC rate for 2018.

As of now its $8,500 and keep going down but there is a strong resistance @$8K. I think after this, there will be an another ATH. 

You have make this post when bitcoin was more healthy than now. Bitcoin has really dropped in price and market capitalization and as at this morning it fall below  $8,000. However we should not over panic as recovery is under way and very soon we would see serious progressing  in price. If bitcoin follow the same format or pattern of last year then we should expect more profits this year than last year.

Just worried a bit because some of my investments are turning red but i am more optimistic that this could rise up again. In the meantime i have to watch out for the other altcoins or might have sell them if this will continue to goes red. I almost lost my patience to this matter but i know this is just normal but how long i will gonna hold this?

You are not alone. Now also worry. But the price depends on our actions. Everyone needs to choose the strategy. Sell your coins now and keep the capital that is left. Or risk further and may in the future receive a large income. I originally invested in bitcoin amount that is not afraid to lose. I'll keep the coins for a long time. I hope it will bring me success.

Well, who knows if this is going to be the case? It is still very early to be assuming on that one as time will basically tell. We may consolidate for a while which is normal after a trend, but I am guessing middle of this month, trend may change. I may be wrong which is the reason I said 'MAY', before anyone starts quoting me. One thing I am very sure of is that nothing goes down or up without reversing one day as long as it is not dead.

Asides the lightening network, it seems the community is gradually switching to segwit and they are beginning to see the good side of it for faster transactions. With the LN in play, things may change but based on some readings, I really do hope this ends up resolving the scaling issue at hand really. We honestly need something to build up buy momentum right now and I am honestly not seeing any yet.

As expected, the bitcoin resistance value is $8K as of now. I think its waiting to bullish again. It will be tripled from the current value , like what happened before many times.

All our investments are down compared to just a month ago, but do not worry this is one of those moments where the true holders get the profits and those that sell get losses, if you can get a break from the markets and do something else in the meantime, now if you cannot do that then remember to not sell and if you can afford it buy all the coins you can before the prices go up again.

Many are predicting that after the big dip there would be a bull run. And it seems to be happening right now as we heading towards the end of February. Albeit slow, Bitcoin is now heading upwards and maybe or hopefully it can reach the $15,000 level before the end of the first quarter 2018. Right now, we are hearing less FUDs and fake news so this can be a contributing factor for the rise. We just have to continue on having faith on Bitcoin and we are supposed to be the disruptor and not the disrupted whenever it is not going up.

I agree with you and in my opinion, bitcoin will surprise us again this year, we don't know exactly when (of course because it is surprise) but I am sure this is also a good year for bitcoin to hit another ATH's. I am not expecting it too much, I am just being positive after the dips happen because I know that bitcoin will still prove again its potential.

I'm not so sure I would call it a bull run if anything this is a snail walk, since it is very slow, but at least  the price is recovering and we are not losing any more money, now 15k by the end of the first quarter will be great and it is looking like a likely possibility but I do not know how long this recovery will last since it is clear to me bitcoin will keep being attacked for a long time by investors wanting to reduce its price so they can get in for an even cheaper price.

You're right. The situation always repeated in the bitcoin market as we can see the movement of the graph. The only difference are bloodbath period and the recovering period of the price. But today the bitcoin price is recovering slower than previous.