Bitcoin Forum

is bitcoin heading for 6k?

what will be the price for bitcoin that will lead to large scale collapse of mining rings, that have specialised on bitcoin?

now at 6.6k again.

is this now a good opportunity to sell any buy more later?

regards

no but it is a good time to start spreading dumb FUD and make us laugh though.

its not fud its just speculation and strategy to earn more money.

Current price of bitcoin at $6000 does not look really that low. What we are experiencing currently is massive sell off by new investors who bought at all-time-highs! I look forward to the price consolidating at some point between $4000 and $6000 and slowly build up from there. So the talk about a price that will lead to collapse of mining rigs is totally out of it.

yes, we see today that every market, bitcoin price goes down drastically, in Bitflyr the bitcoin value is lower. and I think it is effect RBI banning crypto, and also fake news.

for some people, this condition is an opportunity to buy lots of bitcoin.

There is always an opportunity to sell and buy more later but firstly how can we sure if it is heading for $6K, I think selling now and buying at 6k is risky and not profitable much.

If you sell your coins now, the amount of profit won't be satisfactory. I think as the price is rising, it'll rise more. Let it grow and hold your coins til then. Sell it when it brings you more profit.

If you make a sale to get a low price again later that's a very good thing, but my advice is better you sell some of it not all, it's better.

There are lots of speculations that bitcoin value will now reached the new buttom of its value. This is not the good time to sell but this is a good opportunity to buy more. To be able to get more profit at the end of the year.

If you think that price will fall more then sell now and buy later but this strategy should not be followed by everyone if we do then bitcoin price will never recover.So don't spread these kind of strategy it will create more panic and confusion around new investors.And will cause more price fall too.

But still the price is lower so I don't think the price will fall more so don't risk your money for making little money.

you need to stop speculating about bitcoin because you are obviously terrible at it. and even if you insist on it, then don't spread it online to mislead others. you need to first learn how the market dynamics work and need to understand what "bottom" means before speculating.

It's true and when you take that decision, you are very brave, and that's a very heavy and risky decision, because bitcoin prices can be up for a while.

I second you, just a piece of code with 6000 USD of price tag is not low at all but when compared to its ATH of 20,000 USD it makes a difference and this is the only talk we see in every other thread.
There is a massive sell-off which also means that there is massive buying going on by smart guys who are accumulating at lower rates right now.

For me, it's the right time to buy bitcoins.
Because in the long run, bitcoin is at a low point.

It's a very risky decision if you take it, and I think if you want to sell to wait for a cheaper price better do not all the bitcoin you have.

Even though the technical analysis might be pointing to that direction it might  not completely so because there are some exogenous variables not captured in the analysis. You might sold now and plan to buy back but might Neva be able to buy it lower than the price you sold.

Where you know bitcoin price will heading to $6000? Don't waste your time to spreader this FUD. The price bitcoin now recently up 1.32% it's green. If you know the price will heading to $6000 keep for yourself don't tell to everyone.

Why are you selling at these price levels ? It is very much sure that the bitcoin prices will now rise to $15000 in just few months. You will get much better returns if you take out your money at those levels.

Regarding buying more, this is good chance for new investors to get BTC at discounted prices. However, experienced people may wait for some more time to let prices drop further to $5000. There is some risk with this approach that is bull run starts, you will not see low prices.

I think it's the best opportunity to buy some bitcoin. Bitcoin is an unstable crypto currency. Now the value is down but who knows tomorrow the value will be up again.
Some may think that bitcoin will vanish in future as many countries are rejecting bitcoin or other crypto currency. But on the other hand many other countries are accepting bitcoin also. Recently SOUTH KOREA also accept bitcoin positively.
The chance of vanishing is very very low comparing with other crypto currency.
It will be wise for the investor to invest now as the price is low now but when the price will be high then they will get profit more.

if people like OP spent less time creating dumb FUD topics and started spending more time in the market gaining real experience and tried to better their trading skills, they would have made a lot of money compared to now and they would have been less desperate for it too.

Good opportunity to buy bitcoin, I thinks this is not sell time.we want to good profit, we never losing our money.so don't sell your bitcoin in this time.

Can’t be sure. Its not possible to predict the market. Its true that price is pretty low. Still 6k is long distant. Its highly unlikely to happen. Market should bounce soon. If the price goes down at that level, it would be tough to recover.

The price movement right now is too unpredictable,i don't want to take unnecessary risk for my investment.As long as i'm not in need of money,i will keep holding and wait for the time to come.If i got spare money i probably will buy and increase my bag though.

Will,for me its is the right time to buy more bitcoin and hold it and wait for the moment thats its  grow its value in the blockchain,however we could not predict the situation of when should the digital currency going to pump and turn to 8k  in the market because it the ideal price for me and  its so volatile,sometimes its up and  sometimes its will down and the only things should we hold is our own instinct decision.

Bitcoin has come down to 6k then it has increased again. Now it has crossed 7k. Well, it can't be exactly predicted how low it would come down. Some people are saying it would come down to 3k, but that has not happened. I think that instead of waiting for the price to dip sharply, it would be better to buy some and wait if the price comes down even more then buy more.

Bitcoin at 6k is definitely an opportunity for you to buy more coins and increase your portfolio. Also you should buy your favorite altcoins which you believe in also.

cryptoeconomics doesnt earn money by trading its true help to the people and legitimacy, bitcoin is a waste of energy it is only popular because of the broken bankster clans.
you have to develop cryptoeconomics to make more money by growing as capital, not by trading a limited currency over and over again that is a broken system

For me it is an opportunity to buy more and sell later. Well buying bitcoin at low price is the obvious move from an investor and waiting for the price to go up is the next. Bitcoin will be profitable if you patiently wait enough for the price to go up.

you can earn much more money if you create a board where new cryptocurrency prove their legitimacy, ending this bitcoin fixation

if I were you I would buy and hold till the market is not so over-hyped and more stabilized

the market currently is losing its overhype and moves towards distributed attention of cryptocurrencies.

I think every time the price drop with 5% the same question pops up. The simple answer is ---> Nobody knows. Bitcoin is not

predictable, because there are too many things that might go wrong or right for the price to go down or even to go up again.

People look at the price history and they think Bitcoin will follow that trend and they are very wrong in most of these

predictions. If Bitcoin was predictable, people would just wait for the LOW point, buy and then sell at the predicted ATH price.

When ever their is down more then 5% that is the time to start buying and when it goes up just sell of and reap profit. This is the way you can trade right now but we cannot say how low or high it will go as it is just trading in a range of 6k to 7.5k

Based on my experience in crypto.
When the price is already low, don't wait for more low, we have to buy

We cannot really tell if it is good to buy now since we cannot determine  on what price will bitcoin is going to. But you can slice down your dollars, and that is you can buy now and when the bitcoins value goes down again you can buy again. If it drops again then you can buy again until all your dollars are all spent on btc.  But whatever happens in bitcoin just make sure to follow such simple instructions, except for some special reasons; and that is to buy low and sell high.

I believe so, if we are going to check the bitcoin chart, the price is just ranging $6k-$7k these past few weeks. Maybe it will hit the price of flat $6k this month due to investors keep on selling. It is now the best time to buy because of very low price and it is already below half of its peaked price last year which is $19000. Buying now maybe will be the good time then wait and hold until the end of the year.

I think a dump is coming by looking at the volume of shorts. Price may go for another round of depression. Since bulls are absent from the market, nears are rulling. This has made Bitcoin touch lower support level one after tye other making it tough to cross the upper support level. These type of manipulation will continue for some more time. Many experts are expecting a pump aftee April. Even I expect the same market scenario as bitcoin tend to follow the almost same pattern every year.

Its gambling, OP. Specially now that we are near four months of bear market.

You can get burned on both sides.

Is this an another way of crating over the top panic among the people and the bitcoin investors ?
How would you support the reasoning for "potential" collapse of mining rings of bitcoin ? I don't think there is any proper justification for that . 
Talking about the opportunities , it totally depends upon you and your believe in bitcoin . The price is good for buying according to me since i have still not lost faith upon bitcoin .

I think this will be a very bad decision. This will make you to incure heavy loss. You should hold till the price rise enough high so that you can earn much profit

Why sell if there is a big opportunity to earn more. A lot of negative speculations are surfacing this past few months and this has a great effect in the value of bitcoin. Well, people must understand that bitcoin is not going to die anytime and it is regaining from all the attact it has been facing for the past several months. Strive while the iron is hot!

Yeah i don't think selling is a very good idea at this point. Well imagine if you sold at 6.6k, btc recently went above 7.3k lol. You probably would've made a big mistake and would unlikely be able to buy in again at a lower price. That's when you really lose money

What's the bad decision? to sell? Selling yesterday or before it pumped to $7,000 is really a bad move.

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Holding will be the choice for most and while you are holding, why not take some cash on your pocket and buy while it's not yet recovering?

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Kindly look at the current price, if you managed to hold until today you did a great job. There's a sudden pump that lead bitcoin to $8,000 and let's see if it will stay back there.