Bitcoin Forum

If you look at the total developments - and not at the wild volatility from day to day:

December on average was around 15.000$ for BTC
Peak was in December where BTC was at 20000$
January was on average around 12.500$
February was around 10.000$
March was around 7.500$

It is not difficult at all to see where this is going......

I do not think so, prices are so low and April bitcoin will increase more, continue to fall is difficult, see the upcoming market

See the upcoming market??? We are now close to 6000....... But to the blind everything looks like gold.....

It's anyones guess what could happen, my personal opinion is that it will bounce back in typical Bitcoin fashion... bounce back with a vengance, probably to new record highs. Off course, just my opinion... anything is possible.

Im really not sure in terms of future values if BTC will bounce back to its once highs or if its seen its day, My XRP has been plummeting like a rock

Looking at it critically, crypto prices will still drop for a while before moving towards the upside though I'm not very sure it'll reach that 5000 dollar mark it'll definitely get  very close. I'm waiting for more bad news so I can buy more.

Reality is that Bitcoin has never bounced back with a vengeance as you say after the bubble burst in December.

Reality is that every bounce is smaller. Every time we see a rebound the new top is lower than the previous top, and every dip is deeper.

Sounds like the typical HODL strategy:

First you buy the dip at 12.000.
Price increases to 14.000 and you do not sell because you HODL

Now the price dips to 10.000 - you buy the dip some more.
Price increases to 12.000, and you do not sell because you HODL

The the price dips to 8.000 - you buy the dip some more
Price increases to 10.000, and you do not sell because you HODL

Now we are at 6.000 and you want to buy the dip some more.

Everyone who HODLs and only "buy the dip" is losing more and more everytime they follow that strategy.

Bitcoin had a rally that lasted for almost 2 years, now the tide have turned so it's very unlikely that the new bull run will start anytime soon. This is not a FUD, that's just how markets work. So, it will continue to slowly decline, maybe a lot (to 3-4k), maybe not much (5-6k), but it will take some time, at least a few months but I won't be suprised if it will last longer. But I don't think there's any problems for us hodlers, we can wait for as long as it takes until we reach the moon.

You should not forget that before December it was $10000 also. It moved to $20000 in very less time and this was just due to manipulation by big whales. Since there were no reasons behind this increase, the price had to get corrected. What you see now is the reasonable price for bitcoin. You can expect it to grow steadily and it may reach $30000 based on the growth it has shown in past 8 years. We may see more manipulation and you can also cash out with it.

Why lower prices for bitcoin is bad news? With low bitcoin prices, people will have more opportunities to buy coins and become part of the bitcoin community. Many people call bitcoin a pyramid. But the pyramid can be called any business project. That a dollar or any Bank isn't a pyramid? At any price for bitcoin, you can make a profit. It is only necessary to change the strategy in time. It should be understood by all.

hello sir! it seems you are a good fit to be a expert crypto  ;D
this is just a mere Bullshit, I do not think prices will fall anymore. the price may not fall below the $ 4,000 - $ 5,000 mark. IMO mid-April, prices will start to increase again, indeed, no one knows the prediction problem for the future, but I'm sure the bull market will soon pump up and get closer again with bitcoin.

(Almost) anything in possible in crypto. But the more price goes down (or up) from some moving equilibrium point, the more pressure is for the price to come back.

What we discuss here is basically what this moving equilibrium price equals today. Is it 10 000 or 5 000? There are both fundamental and technical determinants to the EP and their interplay is what should be considered.

Not that simple is it, otherwise we’d be at $0 by the end of 2018. Haven’t you ever seen a bubble in bitcoin before? The price always stops going down at some point, people see cheap coins & load up then a reversal occurs.

Worth remembering bitcoin hasn’t even been in existence for 10 years yet, whilst some trends repeat there is certainly no fixed, textbook rules that dicate what happens in bitcoin.

Bitcoin is an uncontrollable animal at times, even people with decades of experience in stocks & money markets can’t accurately, with any confidence get price movements right.  

Not unless if they planned to hold it for a long time, lets say like 1 year or more. But, in a more general and practical point of view its really a lose following that kind of strategy. Its really different when youre an experienced trader, you know how to play the dip and temporary pump, not to mention how profitable it is when you master the market price flow

So the new method of predicting the price of Bitcoin is now subtracting 2500$ every month? I would have to say that you are brilliant as you have come up a formula for Bitcoin's doom as Bitcoin will be priced at 0$ after the last day of June. But to keep things straight you don't know where Bitcoin's bottom is as buyers are already lining up their orders as they even see this current price as an attractive buy zone, we are already seeing a price rejection at the 6500$ level and we might have a short term bull run soon.

Another soulless mong whose time has come.

Enjoy making hay while the sun shines. I hope there's a spring in your step and you service your man or woman with renewed vigour while it lasts.

 Its impossible to happen.  As we see there's still a strong support on $669 value and in fact sometimes the price always climb back to 7k  which it's strong  proff that there's still a tends of price to soar again on this month of April, And perhaps this down trend is just a correction and after this it will jump again.

Let's see if your speculation will happen this April. The possibility can still be bitcoin prices to be around $ 5000 because it is supported by analysis from various parties stating that bitcoin prices have been getting death cross.

Until the bear market ends and reverses.
Hodlers have a long term outlook of Bitcoin' price development. And as many of them believe in BTC's potential as they basically understand it's fundamentals, it is not that hard for them to go through a longer bear market. Hodlers hold for years, many of them don't want to sell for USD. They just wait until the can buy houses or whatever with it and enjoy the financial freedom and monetary sovereignty.
And as long as you're not selling, you're not losing!

This is somewhat true but whose who are buying for long term are not at all at a loss. Everyone knows that bitcoin is the future and this year bitcoin will easily reach 25000$. Some are hoping for 50,000$ also. So the point is nomatter in which range you buy (5000 - 12000 $), just keep on holding till the year end.

Just as everyone knew Myspace was the future, and with hundreds of millions of users could never be in decline again?

$5000 is not enough. I will only buy when it reaches $2500.

Buying dips make sense during bull market which ended in 2017.Buying dips during bear market is nonsense hope that you dudes here will understand someday and will not scream "buy the dip" all the time.

The same in here, if i buy, it won't be at less than $3000 each bitcoin.

Most people want to see it going down below that mark, and i am sure that it will get done, i am not spreading FUD; this is just a rumour.

You may have to leave the cryptocurrency community. This price of bitcoin will never be. The price of 2500 dollars is lower than the price of profitability. I am sure that after the bitcoin price will recover you will buy bitcoins for $ 10,000 and $ 20,000. You're not an idea person. You move in a pack and do what everyone else does.

So after a month and a few days freightjoe is come back with some new wisdom or to say maybe prophesy.So based on his wisdom we should all sell as soon as possible because from now on down is the only path for BTC.I know at least one good reason why we should not believe in what he writes, and reason is he is one of the better known fudster in this forum.

Last time he predict BTC will go below 4000$,we all know how it ended.Do not take it seriously,he just not like BTC for some reason.


https://bitcointalk.org/index.php?topic=2939289.0

Why should he leave? He isn't saying anything bad or something negatively tinted. He's just pointing out at which level he plans to buy, that's it.

Never say never. And profitability of who? Miners? How do you know that? Miners will keep mining; miners are waiting for others to temporarily shut down some machines, because that lowers the difficulty, and that translates into more juice for other miners. If we look at the overall difficulty, it has only been going up, and it will keep going up.

Eventually, yes. Short term, no. People have to accept that the market will need a massive bullish trigger to inject the market with a positive vibe again, and as long as that trigger isn't there, the market will remain weak and uninspired. Buy the market down and enjoy your profits later on, that's what smart people do.

It can go either way too, i understand the market is not that strong and since it has gone down below $7 k you can very well tell that the next support level will be $5k and hopefully i do not want to see the price going below that either as it will trigger panic selling from new investors but then again i never expected this price at this time a couple of years back , but still i do not want to see going down.

All this fluctuation of price is due to many fake news about bitcoin.At first,China ban the bitcoin.It had affect a lot.In Asia ,china was top of the Investment.Then South Korea ban the bitcoin and then regulate the bitcoin later.Due to this news the price of bitcoin reduced badly.

Ironic that you're trying to deter people from thinking in absolutes here while doing so yourself on numerous occasions.  You have a bad habit of claiming with incredible conviction what the price is going to be a while from now.

No one trying to predict exact future Bitcoin prices (with certainty) in an unprofessional setting is really worth listening to, but you are the worst I've ever seen, creating hundreds of posts solely to stir things up.

Also ironic that you're now using the past to predict the future - claiming that because the price has been falling, it must go further down - despite arguing that you could not do that when the price was going up.

although everything can happen and we can see the  price even below 2500. but if we see the bitcoin price and its potential we can expect that bitcoin price will not drop anymore but the price will very soon recover its position, therefore my own opinion is that the current time is the best time to buy bitcoin right now and hold it for some good time, if we want to make money from bitcoin.

Miners are already at a loss:

https://www.cryptocompare.com/mining/calculator/btc?HashingPower=4730&HashingUnit=GH%2Fs&PowerConsumption=1293&CostPerkWh=0.12&MiningPoolFee=1

The market is being manipulated by the Wall Street mafia. Knowing that in the past the market had 90% crashes, why I should buy now and not at 10% of previous ATH?

Also, I'm on a long position and already bleeding. I will not sell anything, but if it drops to $2500, I will buy more. People may say it wont recover at that price, but the fundamentals tells otherwise. Tell me, how many people you see here talking about Schnorr signatures, atomic swaps, P2P exchanges? Very few, I can say that for certain.

Question: When wall street dude Tom Lee is saying HODL on bitcoin what you should do ? According to logic do opposite what are these manipulators saying shouldnt you rather sell now because it will be even worse ?

I dont care for what they say. I will hold because the fundamentals are stronger than ever.

If someone devise a P2P exchange with the mining cost coded-in, I will run a node for it.

i am agree with you , bitcoin price will be back to a more raisonnable top, 5k is a non sens. Now, the market is bleeding, there is a lot of newbies who invested at 16k,,,. I am sure btc will be back at 1000$
And please, dont speak about analysis, AT dont work for Crypto's, you will never see a real money loosing such value in that time.
I'm happy coz i invested in early 2018, but sad that i didnt sell all i have in December, but, thats the game.

Unpredictable. Its possible though. Last 5 days growth has been worst with all crypto coins. Every coin is in red. Best time to buy more coins now. Lets take this moment in a positive spirit than worrying on loosing the price. The happiness when we are selling bitcoin at the time of high value, should continue even when the price is very low. Buying at a very low price should make us more happier.

Bitcoin can decreases or increases with a patterned monthly on which prices varies on dates,, but those are just mean coincidence.. If 5000$ is the next landing price does this mean that in two months time after,, the zero bitcoin value is possible??  I don’t think if this makes me laugh knowing that it was TA(technical analysis) wrongly or be sad that the member of our own are the one doing the fud attack..

Let me assure you,, this won’t be the last time I’m going to wake up reminding the bad vibes to think positively..

Sad to say that there are really members here who are still blind with the fact, creating some negative news that lead to panic selling of the people, I don't know if they are just really a negative one of just manipulating the mindset of people so that they could have the chance to buy bitcoin again.

With current market strategy,bitcoin is seems to good for long term profit.I don't know why people making this negative thread about bitcoin.Bitcoin is the king of crypto currency.I don't think,the price of bitcoin will reduce to 5000$.Incase such thing happened,just hold your bitcoin for your future.

Agreeably both,, they keep reducing the price by doing it to buy more in the lowest possible to gain or profit when the price normally increases in few more weeks or months..  A strategic way by a group or whales in particular,, same mission and one goal..

I don’t know if we can call them members of this forum without doubting they’re real motives,, selfishness and the interest of the few is what matters to them.. The community is divided because of greedy few who wants the biggest share of cash in the end..

Well it's always ready to be prepared emotionally for a scenario like that though. Anything can happen but the thing is, if you know what you're doing, it won't matter. I guess we're all the same here in believing that this bear market won't last forever and we'll all reap good rewards for believing when the bulls play

I feel that in April, the price of bitcoin will rise again. I do not expect that the rise will be high this month, but I am afraid that the bitcoin price increase will start from this month. I do not think I'm the only one who agrees with this.

Well, you are not alone, everyone really wanted to see the price goes up again specially this month because for me this is very critical. If the trend is to go down, then I think we will be having a hard time to even hit all-time-high at the end of the year.

But if everything went on our favor and see some semblance of a rally and end this month at a positive note, then expect something big to happen specially coming in the month of June onwards. So for me, April will usher a new sentiments in the market. The bulls are going to consolidate and make a run towards $9-$10K at the end of the month. And this is just the beginning. Perhaps mid year we are going to enjoy $12K-$13K tops.

If that's the case surely, Bitcoin will be having a hard time to recover from the continuous dumps at this moment. It is just that the volatility in the market is way unpredictable. Anything could happen whether it will be in favor or not for Bitcoin. So since volatility is observable,I think holding until the market price is a bit stable, would be a better idea than selling.

It could be the other way around you know. It's a 50-50% chance that either bitcoin will recover or continue this downfall. Have you seen the market now? It is slowly recovering from the downtrend it had this past couple of months and we should be expecting a hype from different coins starting this month. Let's just stop creating these kinds of FUDs as it will only affect us in a way that we don't like.

I agree with you totally. Bitcoin price is on the verge of reaching 5k$ this month as many threats are encountering bitcoin starting from the governments and the social media who are banning. Added to that, the price will still decrease as many threats will appear. However, let us be optimistic and positive because this is not the first time bitcoin faced this kind of problem because eventually, it always recovered. That is why I still believe in bitcoin.

Probably you are mistaken (I hope so). As I see it, April must become the month, when the changes will come to the market,  and they will be good I am sure.

Januar average looks more like $13k.
Februar average looks more like $9.5k
March average looks more like $8.5k

So correction is slowly slowing down.  If we took this in consideration we could say the April average will be around $7.5k to $8k.   That sounds quite optimistic to me at this point :)    But as you see an average is was different then a bottom. Bottom for April can easily be a $5000.
 

I am pretty sure bitcoin won't ever drop below 5000 dollars anymore. Those low prices are past dreams haunting us. It was whole new underground technology back in time. Now its developing all the time..

Past behavior is not an indicator of future performance.

You could just as easily have created a similar sequence in late December and then started to claim that Bitcoin was going to hit $30,000 in January - well, some people actually did exactly that. The price could fall something from today's levels but we already see a lot of support and resilience at current prices. And it is not just about demand building up, it is also about supply running dry because no one is going to sell at such low prices. It simply makes no sense.

true and even currently we are moving up steady. i won't use that kind analysis , just because of there is a pattern you can easily predict the future market will be at the same situation. the drop that happened in few weeks are because of the people fear about bitcoin existence , crypto existence could be in danger after a rumour (an ordinary rumours actually) says that there is no more crypto related advertisement in several big internet company, a mt gox case and many more at one time!

It will find a bottom if it hasn't already. Just because it is falling currently, doesn't mean it will continue to do so. It will reach a point where people will not be willing to sell their Bitcoin for that low.

A huge amount of selling pressure as profit seeking capital is fleeing to the bond market.
So I agree we are likely to see lower price in April.

I think things will become clearer at the end of the month.  Maybe it is a strategy for whales to keep the price low enough to tempt more people in at low prices but not so low that people lose faith in Bitcoin completely.   I am losing trust in the whole Bitcoin market for just now. 

The previous two years were too great for the people who didn’t sell and HODL their coins till the end of the year 2017. Especially 2017 was tremendous as we saw a great run and heard people saying BTC price went over the moon. Honestly speaking it was the strength of BTC for the time, it looks more as a tool to accumulate the wealth from the people because many people sell in panic. Like its past history it will rise with more power and many more people will be victimize.
The only people who will get benefit from it in the next rise of price will be those who will wait to buy in a price around 4-5K and who are willing to hold for a minimum of next two years.

this calculation is too simplified, if you go with this logic it will go to zero eventually not finding the bottom and once it starts rising it will never end mooning. doesn't make much sense

this will happen for sure, peoples are taking out their profits

Even I lost the trust in the bitcoin due to the recent market crisis but I have been in this situation in the past so I can avoid panicking because at the end bitcoin will regain it's value.

It is not difficult?  ;D

So you have a crystal ball and so you made that prediction:

" April will be around 5000 - and then further down "

you should be considered the greatest gurus of all time, I think the cointelegraph will be very happy to do a interview with you and who knows you can replace the guy that makes the predictions on cointelegraph based on the technical analysis.

being frank, you can not assume that because the past price was low then the future price will be very high, no one can predict the price accurately.

Are you sure? At this moment, the market value is starting to show positive green marks which is a sign of recovery. Although we have no assurance that it will be continuous,still it is an increase that we can look forward until the end of this month. Just hold and wait. The continuous increase is expected at the third quarter of this year, to happen and that's what pushes the investors to invest still.

your speculation will be easy on the edge if bitcoin has good news which means they in all countries receive payment using bitcoin and of course from good news like that price will be easy to ride. so it's best to just pray for good news from bitcoin.

No evidence here but I believe that price will stabilize at $10k by the end of this year. If it'll go below $5k, it's not a worry. Going back to $4k won't even be a worry at all if you are holding and just waiting for the price to bounce back. Bitcoin has not peaked yet.

No one can predict such type of price graph as every one knows Bitcoin remained always in surges and get new record as it come back from the surge so hope this time same next increasing trend will see but no time prediction as Bitcoin is totally work on news and community supply and demand.

Don't panic it is just their speculation. I think it's natural that bitcoin prices continue to decline because bitcoin reaches a very fantastic value last year and then there is a correction. but from the correction it will form a bottom price of bitcoin and of course the price will be much stronger. if every month bitcoin price decreases. rest assured after the price stopped dropping. surely there will be a great pump. believe it!

It just does not care who has money available to invest, bank borrowers will be those who sit on the fire. But you are right about the future, nothing to worry about the upward trend of bitcoin.

Nice catch on that data...yeah it seems a valid analysis. For the past 3 months of continues bearish trends the average price will surely decrease but It's not a guarantee that this will continue for this month. No one can predict for the price because it will depends on the decision of the investors if they sell or buy.

Yeah if indeed we relating it to such calculations, it seems that bitcoin will have a decrease again until the price will be at $5k. But it's not really sure yet, it's going in that direction, and well of course., such calculations haven't made sure the reality will going on that way, anyhow it can still be influenced by anything else that causes it to increase or will last long at around $7k for 1-2 months.

It is not a sign of recovery, and we are already back on the downtrend again. It is just people who are eager to mistake regular volatility for real growth. But we are nowhere near that. We would need consistent and powerful growth for at least a couple of weeks to reliably speak of a trend reversal. In other words, we are not done yet with sliding down. Though I myself sincerely hope to be wrong on this one.

Though it is true that bitcoin is suffering from its downfall right now but I can't still imagine that it will hit $5000 by the end of April. Btc is just moving around between $7400 to $6900 mark and it seems that its is now stable there so for me, $5000 is way too far to reach for this month because that's a huge drop to attain (maybe that might happen in the first quarter of May but I hope not).

We must be happy of that upward trend so that the investments we had will grow and you can take your profit. This situations that we feel right now was just temporary and nothing to be afraid of. If it goes down, then so be it! Just keep holding and don't panic. The important is you have enough savings to fill in your hungry stomach.

I see if from my analysis seems to be true bitcoin in April will touch the range of $5k and today has started a sufficient correction, yes for longterm who want investment can be done by waiting until the end of the year, because at the end of the year market usually start excited again.

yes you are right if I see the condition of the graph a few years back also shows that the month of April will begin to rise in some coin cryptocurrency hopefully this analysis can be achieved and proven to be true.

the thread that he made is very much Catch someone's eye. if this statement is true, then there will be many people who like to see it. but, in my opinion this will be quite difficult to move on up to the top in april this. there are still many people panicking and negative news that makes the price difficult to increase. I hope that the market soon pumps the price to get out of the bear market.

As you are saying it is not difficult to see btc where it will heading, so this means you are certain on the price. Actually no one can totally predict about bitcoin price could attain this april. Anyone could assumes, however bitcoin still has strong support to achieve price that can slowly recover this month, but let's see the movement.

That's indeed unfortunate if it will really happen and also, scary. Surely many people will sell at the point where Bitcoin is at its critical point. But we should more focus on when will the market recover than the start of the dumps because that is where profit will be come from. The market price will be low and that's a good opportunity to invest.

wow your crystal ball knows everything but cannot predict correctly the bitcoin price.
6k is the bottom line for 2018 we will not go bellow 6k

Well then according to this your wonderful reasoning and amazing intuition I'll wait for next December so I can buy Bitcoin at $ 100, Ethereum at $ 5, Monero at $ 10, Iota at $ 0.10 while Neo will become again Antshare and I buy it at 0 , $ 50.

Thank you sincerely ..... I will get rich by investing only $ 10,000

As a Bitcoin investor, we have to be positive because we don't know whether Bitcoin goes down more than 5000$. For Bitcoin, there is huge chance the price of Bitcoin can increase even higher value but we don't know when this gone happen. Previous charts are showing an impressive track record for Bitcoin trading but we don't know when bull run will start.

5k soon hold your pants.

if you analyze bitcoin price movements then it seems that this is just where the right time to buy as much as possible because in December or often at the end of the year will experience a very high price increase as what you mentioned.

If you look at the general moving direction and average over the last 3 months, we are in trouble.. If you take the moving average over the last few years, we are in more profit % than APPLE and AMAZON com put together.

I AM HOLDING..

It might or might not happen since the bitcoin world is so unpredictable . It may also surprise us with a sudden rise but its likelihood is difficult right now . It is true that bitcoin is waiting for an edge and once reached it will either go down or go up . since 4 months , no major p trend is witnessed and it seems that some more disappointment might be coming our ways but i am still holding on to the time it will rise again.

The current state of limbo may drag on for some time yet, but personally, I expect the interest toward crypto assets to start rising again in a few months or in about a year in the very worst case scenario. It took almost two years for the repercussions of the Mt. Gox bankruptcy to dissolve finally but today's situation is not that bad as it was in 2014 and 2015, so things may get back on track a lot faster now.

By including only the recent price for this year, you'll be ending up bearish since the beginning isn't good. But include also the past charts and lets see if youll be ending up bearish with your analysis. Right now it landed back to $7,000 though its early to celebrate but its a good sign.

I don't expect that to happen, because i think after April the bitcoin price will jump higher at least $ 8000 per coin.
But let's see together what happens with bitcoin after this month ends.
If you speculate that in April this bitcoin value will reach $ 5000 and then it will fall further, i think that is impossible, because so much support and analysis stating that the price will soon recover.

That's something that needs to be proven yet because as what i have observed, bitcoin has down for about 3 times at 6,000$ already sin the start of this year but it doesn't went to 5,000$ mark yet. I think it's because so many investors are monitoring bitcoin's price that they buy whenever a dip occurs.

I don't beleive in such scenario. Yet we are only at the begininig of the month and when it comes to Bitcoin everything is possible but I don't expect for price to fall to 5000$ or under. It's more likely that it will stay somwhere around 6000$ to 7000$ for a while. So this is good period for more buying at to get ready for price rise that is going to happen afterwards.

I don't think the price of the bitcoin become $5000 this month because for me this is the wall of the bitcoin and once the price decrease that it will increase again the price. I hope it will not decrease to $5000 because it's hard to increase the price again like 10k dollars. Don't sell your bitcoin if you want to see the price increase again. Buy more bitcoin and not see again $5000..

you can put there to go so that you can at all. You can always assume something else, but the market always presents new surprises.

I think that such a situation in the market Well, of course, if this happens, then the brain can explode in many traders and investors. I also really do not want to see the situation when Bitcoin dropped to $ 5,000 per coin.

I second with the cointelegraph having an interview with the guy lol. It is just very absurd for anyone to think price will just keep going down based on how it has been going down, as in like seriously ? We could have just assumed that as well when the bull rally was on and most people were assuming the next move from $19800. Just like you have said, assuming for the market is like trying to play the soothsayer role, but it is never done.

As per OP, I guess we can just assume we will keep going down until it reaches zero right ? No way! This is market, trend can change anytime, we may go lower or we can just switch anytime and start switching up. Still, the main thing here is that no one knows the future and we are just all here trying to see how things eventually turn out. OP cannot just basically judge on past figures.

video can not escape the situation and we will continue to watch the drop of Bitcoin. And all because of the fact that Mr. Gox will throw out with a new market a huge amount of Bitcoin. There is no demand but there is a huge offer of Bitcoin on the market.

Really, I do not know why some people derive pleasure in trying to see how the market gets so down even without reasoning or using their head. The market can get to anywhere, no doubt, not too low, because it is a market, but coming to tell us all these, really makes no sense, because no one can use TA to predict the future. In my view, those people who are paying attention to FUDs, including myself by replying to this thread are the ones to be blamed for the indirect support of such FUDs. I am expecting above $40,000 by end of this year hence there could be no more down trend and we may see prices to regain their power to rally at any time.

What's more: we would be negative in 2019. What OP does is to follow a pattern but patterns are human concepts that we make to understand random events. There are many ways to follow a pattern, how would you follow this one:

10, 9, 8, 7, 6...

It would seem the most logical way is 5, 4, 3, 2, 1. But it can also be 5, 6, 7, 8, 9, 10, or 10, 9, 8, 7, 6 again. Or even 5, 5, 5, 5, 5.

I'm glad you said this because it makes it less likely to occur.   Markets are counter intuitive, everyone and his dog are trying to get ahead of the game to get the maximum profit possible.   All of capitalism is based off this idea pretty much, a competitive market out thinks itself.   The likelyhood of a straight line or simple trend like you outline continuing at the point most people believe it to be obvious and 'sure thing' becomes far less.    A price which only does one thing becomes free money to traders to short or go long, it never works out that easy.    If that really is the easy conclusion now I would bet on this area of support being generally respected and a shake of the easy shorts that have accumulated occurs.

Very simple idea - short positions are at an all time high for bitcoin and the price has failed to really drop at all.    Maybe theres some selling but not enough to justify such large short values.   A short seller is a future buyer, write that down because that then becomes the most likely future trend.

Long term I cant say as easily but you could bet against the sheep being smart here really.

I'm kinda waiting actually for the price to crash that down, or even further, as it's really difficult to buy in BTCBTCBTC at huge prices like these.

I don't think we would go beyond  $5,000 except the mtgox trustee sell in huge number they holding! The supplies is drying up as those that buy in December, January, February and have refused to sell because their are expecting the price to recover and if possible make profit from their purchase.

Stay as chill as you can because nothing like that is going to happen sooner or later. The thing is that bitcoin is going to increase all the way because April has commenced and by the mid of the year we all know that bitcoin has to increase. We should stop bitcoin as much as we can right now to help him recovering in prices. The more support we are going to give to bitcoin, it would be easier for it to recover.

Suppose that the time when the cryptocurrency prices were very low is coming to its end. I am expecting that Bitcoin will be gaining and not be losing anymore.

Despite the fact that the value of Bitcoin and other altcoins is declining from till the month April doesn't necessarily mean that it will continue on a decline direction. You speculation of Bitcoin declining to $5,000 in the month of April may not come to fulfilment because good news are coming up in favour of Bitcoin and crypto currency in general.

.... well we are only a third into the month of april and have already seen a low point of 6.400$ in april thus far, so there remains a high chance of continuing the trend and seeing 5000 at some point in April

Im stands into bitcoin can slowly recover this time but as the usual happen the unstable market is always here. Yes I think more needed to buy some bitcoin. More are actually expecting the price to recover however, it will not going further to $5k.

With bitcoin nobody can tell what will happened next. This is why a common man who used to work an 8hour job with a below minimum wage has become an overnight millionare. All this because of bitcoin. Bitcoin started out with a zero value and has climbed up to the ladder of success. People who have strong faith and believe of bitcoin has been a living proof to this. If you are not happy with the bitcoin price right now. You should check its history its humble bigginings and right then you can attest that everything is possible with bitcoin.

of course a very pleasant situation on the market, that Bitcoin does not fall below 6000 dollars. I watched that it reaches the mark of 7000 dollars, but something keeps it and does not let it go higher. I hope that this growth trend will continue and we will soon see a good flight.

Well, everything can happen. Everyone is free to speculate. Actually everyone speculate according to what they would want to happen. I dont say all but mostly. They badly hope it will reach the price they are speculating. But for those who do not focus much on bitcoin they dont care. It is just que sera sera for them. Whatever will be will be.

Selling pressure keeps Bitcoin from rising any further than somewhat above $7000. I don't believe that Bitcoin will go down substantially below $6000 but if things keep going this direction, the prices will likely continue to plummet in the coming weeks. With Bitcoin in particular and crypto in general there is no middle ground. It can't stay long at a certain price. If it fails to rise, then it will go down. It is kind of a given.

Last couple of Months has been really a tough time for the investors and those who are dependent on bitcoin as their source of income but if we look at the roadmap and graph of bitcoin value variation it can give us hope that after every dump and dark period it's a huge pump that awaits.

We are all just guesting here we dont know what will happen in the future we dont consider that there are new company who is rising in the name of crypto currency, we still have chance to success good luck to all bitcoiners.

Right. Look at it now, the price pumped 700-800 dollars pretty quickly after beig stagnant for a few days. Who knows if it will hit 5k again. As long as you know what ypu're doing and you trust your investment, it really doesn't matter

Honestly i was hoping (though thought it was unlikely) it was going to dip to $5000 because if it got that low I was gonna start buying again (stopped buying at $7000 back in November). But looking at the charts the past couple weeks and then the big pump overnight it seems the 6000 and 7000 range is the bottom. Looks like Bitcoin is holding strong there and building up momentum to start going back up soon, with that pump to $8000 possibly being the first warning shot that the bear market is over.

will be very interesting to see on the current situation crypto-currency market. seems really will be a specific growth of the price of bitcoin in the near future, but I worried that it is not provoked mass sale bitcoin.

So you mean it will go lower and lower every months base on what happened in the previous months? How about we've reached $8k today from less than $7k. Predicting isn't as simple as that. Everything could happen, could change like the recent rise, that one was quick with no indication. Let's see if your words will happen, we're still in the second week of the month.

this thought is too simple i think. because of the fact that although it is a little difficult to see the growth of prices in this month but that does not mean the price will fall and your prediction we can actually receive but not to be a reference for us all. I think that the end of April will be a good potential because of the emergence of good news surrounding crypto.

I think its normal if we see this kind of price because we start to bottom so as of now the price is stable and not under the $5000 we still lucky that the price is not in dip.

You have mentioned that the price is really volatile. I think there is something missing in your post. I can see that you have recorded the price of bitcoin during the months where these prices arise. I think what I am expecting to see is your conclusion on the data you have observed. If you try to make speculations, I believe you have conclusions as well. Please share it to the others so the newbies may be directed.

I agree with you, he just based his statement in the prices he observed every month I think he lose hope that btc will going to recover as time passes. The prices are too volatile but I dont think it will drop to $5k and go lower from that. Currently the price of btc increase again, who knows this might be the start for the market to bounce back.

Exactly. That line of thought is way too simple.

Could have made the exact same argument but implying a continued crazy price surge (as many people were - and just as wrong as the above logic) in December:
September was about $4000, October was around $5k-6k, November was $7k - 10k, December up to $19k, it is not difficult at all to see where this is going...

This is the result when youre thinking aboutt price of bitcoin is  in advance mode.  Do you think bitcoin price will fall at 5000$ this month?  Just wait and watch how bitcoin will pump this weekend.

if the bitcoin price movement matches what he / she frogs. surely many people will be successful with bitcoinya. and maybe everyone has had a very precise prediction. but it's not like the one in op

This is the time for market to pump and the April is famous for being the month of regrowth and revival. So the prices of the crypto will also start recovering by the end of April. I am seriously amazed at those who still believe that the dump is going to continue even in April.

We all have suffered a lot in dump and now everyone is anxiously waiting for their respective coins to be present in the greener area of the graph.

There has been pretty positive movement of bitcoin many has been the same on your thought that bitcoin is falling and it is falling hard to 3k. But they guess wrong. Starting the month of April it has shown a significant recovery and is now playing at 7800k to 8k. I have a strong belief that the price will continue to rise possibly it can reach 10k by the end of this month.

LOL. No, I do not think so. I mean not holding your pants surely. I believe that Bitcoin's price will be running around 8-9 thousand marks for 1 month.

seem you are false dude, bitcoin is recovering slowly

OK some manipulators saved hodlers ass and made this up move will be interesting when they will dump it.

I'm not sure with this one but at this moment,the market value of Bitcoin is at 8000 usd. The market is playing ups and downs due to its natural market volatility. In fact, the market value is really hard to predict and also,is hard to make speculations due to the natural volatility in the market.expectations and result might not meet each other and will just go separate ways .

Well your scenario is more likely to happen than a 5k plunge. I don't know where that came from but if we didn't hit that low during the major correction first quarter of the year, then probably its not going to happen

With current market strategy,bitcoin is seems to good for long term profit.I don't know why people making this negative thread about bitcoin.Bitcoin is the king of crypto currency.

Being positive about market is a good help just right now price is recovering I think. The price is started increasing we have a hint it can make a profitable rate anytime. This month of may is a green for bitcoin market and is a good sign for us.

Yes the price in the past few weeks is down to $6k dollar but still it managed to rise up again and it slowly surpassing the price of $10k dollar so keep on holding your coins this month.

And if we are going to continue:

April was around $9000
May will be around $xxxxx

Yes. its not difficult to see where the price is going right now.  ;D

---

Wow, you suddenly realized that bitcoin is good for long term profit? Of course we have been it to be more of a investment more than ever specially last year. So I wouldn't be surprised if people will continue to pour cash on the market. There are a lot of new investors waiting outside, however, they are a bit skeptical because of FUD and attacks from Banks and Government tightening. But it seems they have renewed their interest in the last month so its a good sign that bitcoin will bounce back and hit 5 digit level again.

Now the growth in the price is natural and down will not occur again. $5000 is very low price for bitcoin. Nobody is looking to that level. New people are investing in bitcoin because the price is going to hit $10k this month. April has gone and we saw that the price was circulating between $8000 and $9800. Now the price is about $9200 while it is May.

Nope :)

Minimum in April was $6629 USD.

Currently 'round about $9000 USD.


Kapyong

This outlines why obvious conclusions are wrong.  I can make money shorting or betting against bitcoin, maybe half a dozen providers will allow me to do this with very little capital required by myself.   Free money if all its going to do is go down.
Even better the profits from such a bet is tax free, great I live in a really liberal part of the world that does not mind me winning bets.  They tax the company instead and like I say theres half a dozen opportunties for me to short bitcoin.

However I'm not short Bitcoin even on a 'sure thing'   Mostly I cannot do this knowing markets do not move in simple straight lines, I need a better set of reasoning to do this and blindly shorting something that can move so powerfully doesnt seem best.

The problem for me is we are under obvious resistance, the 200 day moving average and I know its pulled back.  A few times its failed to pass that mark but the BTC price when it does move upwards in a bullish way it often does so in an extremely sharp quick movement.  I could lose a thousand in just a few minutes even if I was watching it all the time.    I dont like that idea, I would rather go negative on BTC price especially when there is no gloomy threads saying all we can do is go down.

You get my reasoning, when its all negative its not the time to join the crowd on that bet.   The profit will come from the surprise to the upside.    This guy could even be right negatively projecting price long term but it wont be in a super obvious way.  

ok now see this -

2009-11 price around 1 USD
2011-12 price around 30 USD
2012-13 price around 100 USD
2013-15 price around 500 USD
2016 price around 800 USD
2017 price around 10-20k USD
2018 price around 10k USD (year yet to complete)

now we know where BTC is heading .

Op has given a description about the declining trend of bitcoin from the ath. Now to his prediction the growing trend has begun, soon it needs to be written in the opposite manner as we have crossed $9500 days back and now in the urge to cross with corrective fluctuations making the price drop low to the value around $9200.

That's not seems to be the case even before i read this topic and indeed, the speculation really failed so bad as bitcoin insists to catapult its value from 6K USD to 9K USD now. It only falls down to 6K USD mark and it never went down below anymore until now.

This your prediction could not happen and instead we closed April close to $9000. I have never see bitcoin go below $6,000 since many people has been coming up with this predictions on the position of price. We may not see that level again base on the current bitcoin price set up and if I were you I will join the train before the next push.

I think you can see for yourself that your speculation did not come to fulfilment and i encourage you and everyone else to always be positive in your speculation so we will not end up with panic information about Bitcoin and crypto currency in general.

Look, we've surpassed April already and what happened? Basically, your prediction is incorrect. We even had higher price this month. Please stop being so negative. Yes, we are never sure about the value or worth of bitcoin but we have to help bitcoin in order for it to move up.
Instead of posting unhelpful info like this, why don't you just post helpful tips on how to have bitcoin or such to catch the attention of those who are interested with bitcoin.

I don't know if you check his profile but it looks like he is attacking bitcoin. Maybe he lost his trust specially when the price plummeted from $19K to $6K or the OP is a schill paid to spread malicious information to pull the price even further.

So just stop feeding him because we have seen that obviously his prediction didn't come true, and the opposite happen in April. Right now the price is still strong as $9K, and I don't think that it will go down even further.

It is called volatility and correction in the price. Nobody can say anything about the future of bitcoin price. The normal growth shows that the price will hit $10000 till the half of this year and the next half will lead the price to $11k. I think it is not possible that the price will go down more than $5000 in the near future. Now it is on the way up and we are looking towards $10k.

This is exactly why it is very difficult to predict the price of bitcoin you see a trend and then you think that the trend is going to continue only for bitcoin to change direction very abruptly, this is why despite the fact that I like to speculate with the price and to try to guess the direction that is going to take I am mostly a long term holder so to me it doesn't matter that much the short term movements of bitcoin.

This is the beauty and the answer to all those people who thought btc is dead or it cannot rise etc. Now all those would be looking at the btc price and thinking why they did not bought it else today they would have made money out of it.

how smart you are, can you predict future ? in that case, why you didnt buy apple stocks ? why you didnt buy google at the beginning ?
This is the dumbest sentence you made in this topic...

We're now in the mid 2nd quarter but bitcoin has not touched the 5,000$ mark and it only went up as high as 9,000$ a couple of days ago before it went down to 8,000$ again. I know there are events that affect the recent bitcoin downfall this day and i believe it won't last long too.

Bitcoin has a major support around $6500-$7k price so that would not happen very easy to happen. We've gone back to $9k and then recently it goes below $9k and I believe it's the new price support of bitcoin so that $5k is now just a history.