Bitcoin Forum

Today, bitcoin could not resist $9300 and now fell below $8800. We fall back to 6K?

I do not know or to 6000 but most likely all will fall about 7000. But I really do not want it because I did not have time to sell on level of 11600

yes it may go to 6-7k range again , and it is not a thing which create panic , bcoz after this dip btc will pump more .

also some recent news of trustee , binance hack , sec rules etc caused that dip .

I hope not! For sure, my investment will also fall and I am currently lose a  big amount of money. I know I have mistakes because I buy bitcoin during its downturn but I always hold my bitcoin. But if the surge continuously goes, for sure I will buy some bitcoins again and hold it as it will rise up.

I'm waiting for everything to fall--altcoins, bitcoin, stocks, and every other speculative asset that's been ballooned up over the past 6-10 years by low interest rates. 

You mark my words, when the Fed starts raising interest rates and it starts getting harder to borrow money and it costs more to trade things on margin, those things will plummet.  And as far as bitcoin goes, we just rose too fast, too soon.  This was to be expected, and I think we'll get a little more pain before bitcoin is done dropping. 

Don't know how low it'll eventually drop to, but being near $9000 really isn't that bad.  Think back to just 2016 when I think we were still below $1000.  You have to keep some perspective on the price and the market in general.

Im not sure it can keep going down to be honest.  Obviously it could just crash and cause more people to panic sell but i feel like we've been in a bear market for the longest time so were bound to see a rise in the near future.  With that being said im a very patient investor and i've held during some of the worst crashed so im not too worried if it goes down ever more.  In the long run i expect it to go.

Yes ,the possibility to go lower is much higher especially at the current situation because a couple of effective circumstances & events which have condensed in a short period of time led to the massive pull back

We needn't think back to the year 2016. Last year, in March 2017, Bitcoin was under 1000$. So, unfortunately it raised too fast and now we have a little correction until April. But 1500$ or 2000$ would be a reasonable price. Also other coins went up too fast like LTC. It was last year at 4$.

I think so? maybe we should wait more time for bitcoin to reach 10000$ soon. The chance of getting lower is big but also the chance of getting higher is big. It's very normal for us to have this kind of situation since bitcoin value is very unpredictable but profitable. We must trust btc and support all platforms and projects that is related to cryptocurrency.

If the price of bitcoin continues to fall, then by the end of this year it can cost about 5000-6000 dollars. But I believe that if this happens, it's still a very good time to buy bitcoin now.

It looks like we will not decrease below 8k i see the strong support for that especially there is no fundamental thing to support this bearish trend. But this looks pretty odd to see the price of bitcoin gets down a little bit. or i guess this caused by the FUD from paypal CEO said the crypto still an experimental. You can try to see that on the latest news. More FUD to the cryptocurrency that doesn't look good to reduce the bullish trend.

You posted on wrong part of the forum. This should fit in Bitcoin Speculations.  Bitcoin Forum > Economy > Economics > Speculation  https://bitcointalk.org/index.php?board=57.0


Price of Bitcoin can go to 6k and lower this month.Easily.

It was a bit expected, still being corrected although no major changes should happen I believe

I think the bottom is 1000-3000 usd. But it's very hardly and ambicion target, because  many peoples want to buy bitcoin on the bottom. And many people will stop over 6000 usd. Who will win? I'm not really sure who.

Bottom 1000 is something we won't see happening. In fact I don't even think we will see 5k.

Why do you think so? What do you think about the sales of large batches of bitcoins the other day, related to MTGOX?

In my opinion Bitcoin just consolidation in the area between $8000 -$11,000 in a month ot 2 month and then after that ready to going up to $30,000 -$40,000. So many bad news in this periode so hard for Bitcoin to going up, but wait patient in a few month could be give nice profit.

When I see the market, there is possiblity to go in the bottom of 6k-7k dollars. Then after some more months, I think the price will go 20k dollars for the correction.

Well I cannot say let's watch and see what will happen. in a bearish market like this predicting marketing is hard because their is alot of FUD already and people are afraid so new might come at any time that could cause the market to deep more. so we are watching for the market.

Its the second time this year that cryptos fall down. But its not the time to panic. Just like the past month i think the market will recover again. This happening shows that the market is hard to predict. And noone knows what will happen next.

I think it should be almost to the bottom at the moment. If it's me, I think I should do a lot of bargain-hunting, and then wait for the market to pick up.
Of course, all this is just guessing and you need to judge for yourself.

Currently almost all crypto currency (alcoin). This is actually an opportunity for traders To do the bump action while low price again. In hopes of getting more profit as crypto currency rises again.

Its common in Crypto not panic at all.I am waiting for that time when price will fall down more and then i will invest more and hold my investment.Frankly speaking this bearish market trend is blessings for some investors like me,i will proceed to buy more coins.Market is still in correction phase,due to some FUD,Regulations news,hacks,huge sales by big whales,due to these factors market is not going up.Sometimes these marketing tactics are used by Whales so that price may get low and again they buy more and more.Anyway this is good chance for those who are looking for higher return.In upcoming days more investment are anticipated certainly prices will surge.

according to me, if we seeing candle stick at the bitcoin market, the trend is down frequently. but i think not true if $6k, because it will making new support from previous support, so it can indicated trend up later

Well, there is no worries about the fall of cryptocurrency, given its volatility. Remember the time in 2014 when BTC price tanked almost by 50 percent, and it peaked at around $ 20,000 per coin not so far ago. What is affecting the market is FUD and regulatory crackdown. But regulation will strengthen the market however. So, crypto will not go anywhere. It will stay here.

Maybe that is true, Bitcoin will down untill $6000.
But it can rise in June - December 2018 up to $20000.
I think like that, because the fact of last year in December can rise up to $20000.
So, how about Bitcoin in December 2018, can it rise $30000 - $40000 or more ??

I will wait and hold my Bitcoin.

I think it won't drop lower than $7000 but if it drop lower than that, it's still a win for me because I can convert more fiat to bitcoin.. Whatever happens is a win for me.

Yeah the market keeps on falling for the past 24- 72 hours. This could be a lot of reasons, and by the way it is also part of the correction that occurs in crypto. This year, crypto has suffered a lot of corrections, and no one knows who or what is causing that actually. Maybe the increasing government interference could be a factor. Many people are afraid and so they want to sell of their coins at a minimum loss, they then end up causing a massive dump. Other reasons could also be due to the pump and dump groups, they are intentionally fluctuating the market for reasons only known to them (though profit making can't be ruled out). Well, I would advise anyone to buy more coins and keep, I did so when bitcoin went to $6000 and I made a profit at $11,000. The trick is don't be greedy anymore, sell of the profits you make and keep your investment to grow. But I doubt anything below $6000. I hope for $15000 in the next pump!!

I think yes, bitcoin will go to 5 thousands, only then it will start to grow, because I have herd a lot of predictions that it will happen this way, and also I think that market is highly manipulated by crypto billionaires, which are interested in such scenario.

The nearest level of purchases in my opinion is 6500-7000 dollars. I expect sales to continue at least to this level. An excellent excuse to buy cheap bitcoin cheaply.

That is not impossible to happen since it happened last few months but if that happens that is the perfect time to buy bitcoin if you missed the last dump, but it is also the perfect time hold and not to sell some bitcoins if that happens. But right now I really don't know what will happen to the market in soon time but I really hope that everything will be stable so that the coins will be stable and the market will be all green.

If the price fall then i dont be panic i try to utilize the situation i buy more and more and hodl untill my investment double. so i am not worried about that.

Yes, the situation on the market is certainly not good, it seems to me that now the situation on the market is quite pleasant for investments, because such prices for altcoins were probably in the middle of 2017. Of course, you need to actively buy such prices.

I think we will not be falling to that level anymore. I think there is a very strong support in $8,000 to $8,500. But we do not know for sure whether this support line will get broken or not. I hope it will not get shattered. We will be experiencing a more downward movement if ever that happens. For now, let us try to weigh in on the various possibilities that will open up in the coming days. I am more bent on the possibility that the month of March will be much better.

someone really wants to let the bitcoin go down so people start selling their bitcoins. and the situation is really very unpredictable.

Bitcoin might not fell below $8800 I belief it is testing a support at that area, all the tensions and  hype about Mt.Gox and other FUDs is weaning down and  the price had began to stabilize, Let us be optimistic that the price will begins it's journey upwards in few days ahead.

very worry if it will actually make to the price it again but I don't think it is possible if to reoccur. Maybe a few more weeks will soon climb back to high prices. need a strategy for trading in a time like this in order not to lose a lot of capital.

This could be another bloodbath? Oh this will be another opportunity to buy at cheap price. I'm not sure if this will go lower at $6K as the support should be buying at that price. If many people will sell their coins this will break the support at $6K and will fall lower than that. Just need to observe how dip this will go and make some buy when price will start to going up as more people are doing this strategy.

yes it seems there are some issues that MT GOX still have 160rb bitcoin that has not been sold and could be will make the price fall back again if MT GOX sell bitcoin that he has therefore still many who are afraid to buy bitcoin.

this happen till May mid, we have to expect this type of dips during this period. i am also expecting this dips , but i say to community do not sell your portfolio for cheap. wait until june.

The big possibility is always there but if youbare like me i do not mind what is the current value of bitcoin because i am focus in altcoins i just wanting to grow the amount of my bitcoin when the time comes my bitcoin grow fast then that is the time i would currious about the trend of value of bitcoin.

no one will be able to answer that question, the only thing we can answer is what will be the prediction of the price of bitcoin this month. some says that bitcoin will fall to 3k$-5k$ but no one really knows if this will happen.

Now there is a fine opportunity to buy many coins at reduced prices. Skilled traders specially wait for such opportunity that to buy as much as possible as after falling there will always be rise.

the market is not very flexible and does not keep all the strategies planned. people are afraid and withdraw their investments. Everything is becoming an instant. as if printed on the button

It's very good time to buy at current price

I think now is a good buying opportunity, because a lot of people are going to at the time of $6000 to buy bitcoin, so I think now is a good time to buy, it may bitcoin hard to fell to $6000.