Bitcoin Forum

After staying at $6,800 for quite a time, Bitcoin price takes off more than 1,000 USD breaking the resistance line. Still, I don't think this would last and BTC price will eventually sink to even lower than its previous price of $6,800. What about you? Tell me what is on your mind now? Will it sink or will it rise?  ???

I just managed to buy bitokoyn for 6800 and the market immediately turned around. I was happy the market seemed to be waiting for me) !! Although I think that by 7800, too, you can safely buy

Yesterday, bitcoin rose in value to $ 7,800, but then again dropped to $ 7,000. Today I went back to see his course this morning and, according to CoinMarketCap, its cost today is again $ 7,810, while bitcoin again increased by more than 12 percent. This is a good indicator of the price growth of bitcoin, it no longer stands still and it is possible that in the near future we will have a pleasant surprise about the course.

Countdown for more pumping....

It sounds like you have a pretty negative outlook on the future of Bitcoin. You simply say that you believe it will sink below $6,800 without providing any reason why you believe this to be the case. My guess is that nobody knows what is going to happen and so this discussion is rather vapid. Price jumps in Bitcoin normally happen at the drop of a hat. They are extremely quick, and if you step away for a sandwich before checking the price again you may have missed the biggest opportunity of a lifetime. This is nothing out of the ordinary and I would expect to see more jolts in price, whether they be upwards or downwards.

You should make a Song Cover of "Should I Stay or Should I Go?" and replace the chorus with "Will it Sink or Will it Rise?", that might be a catchy jingle if you really put your heart into it. I wouldn't rely on what anybody is going to tell you, but my own personal opinion is : Rise. Look at any long-term chart of Bitcoin and you'll notice that it's been trending upwards forever, without flaw. Don't be concerned when Bitcoin drops below it's ATH or has a tough patch, simply consider those times a good time to buy some extra coin and HODL.

Many investors have predicted that the value of bitcoin will grow strongly by the end of the year and this is really happening. I think bitcoin is starting with strong growth again. bitcoin will not stop at $ 7800. Prices continue to rise in the next few days.

that was just a 10-15% rise which is not that big a deal for bitcoin and by the way it broke the resistance line then it went up fast because of that.

you have no reason for saying that apart from making a random guess. the fact is there is no indication of such drops coming and this rise is not even big enough to bring bitcoin back to its real price (>$10k).

It's probably a large corporation buying in when they see the price lingering low. There's no reason for the price to go up so quickly and in such a magnitude besides someone buying a load of it. Essentially, people might be bringing some light back into it because there's been such a long while of lingering around. The price being stuck in the same area wasn't exactly a bad thing for bitcoin, it just offered some time for the markets to stabilize a little bit.

people who bought bitcoin for 6800USD each are surely saying "hooooray" right now instant 1000$ per bitcoin if they're going to sell it
this price jump is a jaw dropping and rare event i have not seen something like this before haha
the last one that i see that is spectacular was last year when bitcoin dips in the mid months then a big price jump at the end of month

so my guess was right, the stable price at $6800ish with a decent volume was in fact an accumulation phase where the smart money was buying bitcoin nonstop but without letting price go up so that to prevent anyone knowing the plans.

There have been large (free) groups over telegram claiming that they've shorted and that the value of bitcoins will drop to 6k before it starts it's rebound towards its new ATH journey. All those WHALES have had been watching these shorts and decided to kill this opportunity for them by injecting a lot of money in it, buying back and ending their leveraged positions into huge losses. But this, I believe, is not the end of bear trend yet and it'll surely come to 6k and maybe even lower for it to complete the double bottom pattern, and then it'll spike back hard giving those extraordinary returns to all the users who buy in at those times. Remember, this doesn't look like a time to leverage, so don't do it if you're not familiar with the risks involved. Though, I believe that predictions are becoming harder for everyone out there, take my suggestion with a grain of salt and decide with utter knowledge and patience.

The downtrend was never going to last forever, there was always going to be a final bottom somewhere. Investors aren’t stupid, at some point big players think ‘this is cheap’ & pile in. The shedp follow & the price rise.

I think this 'Mati Greenspan' statement etoros-greenspan-wall-streets-building-bridges-to-bitcoin (https://www.ccn.com/etoros-greenspan-wall-streets-building-bridges-to-bitcoin) about wall-street will connect to Bitcoin that has one of reason this surge. As we seen, those whales need trigger to return the market and we hopes many good news about it will coming.

I see eye to eye with you, sir. bitcoin prices in the future will multiply doubles. I will never believe the bad news that beats bitcoin, because until now I will still believe in the world of cryptocurrency (botcoin).
bitcoin will immediately reflect its price up again with the help of the market pump and the upcoming positive news. take it easy though the market and cryptocurrency go to pieces like this, but this situation will soon take turns with a better situation.

The problem with these breakouts is that it could have gone the other way as well. If market movers wanted to break the bottom trend, they could, which is quite interesting if you think about it.

In other words, while people are getting excited right now, they could have been into more panic if the $6000 mark got broken through. It doesn't cost market movers any effort to do it in a matter of seconds.

The higher we move up, the less likely this scenario becomes, and the more confidence people will gain. More confidence means more interested buyers. While it doesn't change anything for me personally, it's good to see people be happy.

The new market participants were given a lesson in how to remain calm during a correction. Those who managed to remain calm and hodl through will become stronger hodlers in the long run, and that's beneficial for everyone.

this is why bitcoin is called volatile. and this is actually a small volatility, a couple of years ago if we were in the same situation the rise would have been a lot bigger than this, probably at least $3000 in one hour (30-40%) now it just was 14% rise in one hour which shows the volatility is actually decreasing, not by a lot but it is.

Looks like some people were ordered to buy for quick jump and it really worked, price was pumped quite nicely. I hope it will stay around there or we can also experience just reverse of it in regret. P.S. I didn't buy any coins in that run.

In any case, it seems that whatever price bitcoin reached, you will still be negative about it and would not believe that it will reached a new ATH anytime soon. You can't expect that the price will continuously rise throughout the year because we all know how volatile it is. Just look at the past price trend of bitcoin in the past years in the market and you will be convinced after seeing it that this time of the year is where bitcoin's price is at a struggle point.

The ease with which pumped bitcoin says that this is not an accident. There is a steady trend towards growth. Whales will reduce prices more than once. But it will be for short periods of time and after such rollbacks there will always be a jump to a higher level. I do believe that in early may the price of bitcoin will be around 15,000 dollars.

The price of the Betcairn has been stable and has been rising for a long time in the past three months, but the recent rally is not normal:

• tax day: People have gotten their tax returns so maybe new money has entered the market
• Big whales: Recently, we have heard many wealthy families show their desire in bitcoin

if The 100 SMA exceed 200 SMA, price will rise up to 10,000$.

Are you like basing your analysis from the past trend pattern? Bitcoin is unpredictable, nobody knows exactly when will it rise or sink. Intuation isnt always a reliable source in crypto space. TA's do guide as along the way.

Bitcoin prices will continue increase in April, if you see  that happened in the past few months when bitcoin prices continue to fall from the price of $ 19,000 is due to the many negative news and regulations issued by some countries, usually if there is a negative news coming then it will appear continuously and make the price weaker. But after the negative trend ends and now comes a positive trend where some good news comes to the world of cryptocurrency and the trend will last too long. The possibility will last until next June, because in June google will make a ban on advertising about cryptocurrency, and this will make the price of cryptocurrency decrease again.

Kinda unpredictable but let me express my speculation here, we're all bored of all these dumpings that causes market to be all red and I think now is the time for bitcoin to recovery its price and atleast hit the latest ATH again, so many trading experts even expect that bitcoin will goes atleast hitting $25,000 price mark and it's a good sign that more people believing in bitcoin, this time I hope, is not a bull trap.

What's the deal with that? so worried about fluctuations it is normal to have some pumps while in the bear market people are buying the dips a rare opportunity for cheap bitcoins so it will gonna rise or sink? the funny possible answer is both, it can pump and dump at the same time and on the same day. More and more people got involved in the investments of cryptocurrency so as to predict the very exact price movement is nearly impossible cause people have different agendas on bitcoin that's why the fluctuations are nearly unpredictable.

Because it is a natural trading that it isn't back up by any artificial pricing the possibility that the price movement is unpredictable but as the price pump suddenly it might be  an indication that it will create a natural bull run and lucky  are those who holds and buy while the price is at the bottom.

In the morning I was refreshing the list and it was unbelievable, but after that, the prices must be good so that the market gets better. if growth of prices will go like that, BTC will be 20k untill the end of 2018 year.

Yeah, i could agree with in this since this felt like some kind of a trap that someone was boosting the price in order to bait those who want to buy it then suddenly dump it real quick. But maybe we're just wrong and judging too much if it's not gonna fall again. Well, i still have to leave it for a couple of days before i have to believe this kind of sudden pump without any reasons.

It looks like it was like a bull whale buying up bitcoins. But as there are bull whales buying bitcoins, there are also bear whales selling them. The effect of a Mt. Gox bear whale selling his coins we all experienced not so long ago. So the price could go down as fast as it rose, and it could even lower at that. The bottom line is that there is a lot of randomness in today's market, and given the low trading volumes most of the time recently, it is not that hard to move the price for a whale or semi-whale in the desired direction.

This is not new mate and if the bitcoin price increased by $1000 in just an hour doesnt mean the bullish won't last for long. Besides, one of the that hold back the price of bitcoin was the bitcoin  Mt. Gox  wanted to convert and if they are done with that I think the market bullish just begin.

I didn't expect right now that we will see a fast increase this day and I heard that there is some investor are entering a market with a large amount.

And another news that I heard it's because of the new foreign exchange and use blockchain technology as their payment system.

So this might be the reason that's why the price jump high and reached $8000 above.

However, the price right now drops a bit and I thought the reason of the little drop it's because miners are selling their mined coins just to get the benefits today and don't lose the opportunity to make a profit as well.

I agree with you. I don't think that this is where bitcoin goes fully bullish and all of a sudden, we go on full on mania like last year.

This pump should last a while and take bitcoin at least to $9000+, but when the resistance at $10000 proves to be too strong for this pump to breach, I believe that we may go back to $6.8k, and break through that support.

I don't think that this is the recovery in the market that we're looking for at this stage.

The price jumped extremely quickly, fueled by a short squeeze and FOMO buying. In my opinion despite this pump being sustained, $6-7k's support will still be broken in the year since the bearish sentiments are not fully out of the market yet.

With this sequence of unexpected pumps, I don't see in any way that bitcoin would not reach another ATH this year. (even it dump back after this low surge pump)
Remember, this is only the first quarter and it already sampled a possible beginning of the long bull run of bitcoin price. What more if those giant personalities/group that is holding back as of now, happened to buy bulk btc at the same time.

Wow congratulations!.. Indeed as if your luck is just therr waiting for you. While many investors were staggering to stay alive in the past few months from the drop you manage to buy at the right time when the price just shoots up!.. What a lucky person you are indeed!

Yeah it proves that there are many investors still believes in the bitcoin technology as pushing the price to that level will need much funds. We should stay positive and optimistic that this will be the beginning and hopes that all the positive prediction will come true that btc will return or surpass the all time high by year end.

I potcoin with him shows such acrobatic opportunities to increase my price, it is quite possible that by the end of 2018 we will see new maximum prices for Bitcoin.

Why does people complain if the price drops and still rants negatively even if it rise?why not appreciate the positive movement? We have been into deep shit in the past early months and i am appreciative of this price increase no matter what. If people loss it is because they took to much risk and expected too much and when their expectations are not met they tend to get angry and say negative comments about bitcoin. In the first place you know when you join bitcoin the price is unpredictable it could rise and fall easily we make a profit by staying and trading wisely.

That's unlikely unless someone really big chooses to test waters with crypto. But that's even less likely as the wealthiest investors like Buffett and Soros have already expressed their concerns about the long-term viability and success of cryptocurrencies. On the other hand, there are rumors about the Persian Gulf potentates and moneybags being interested in Bitcoin now that it has been declared compliant with Sharia. Don't know how it is going to play out, though.

you are surprised that crypto-currencies will be dealt with even by Muslims? They are not inconsistent with the laws of cryptography and therefore for each person will be available crypto currency, despite belonging to the Sharia.

I strongly believe that while they might not have invested directly in Bitcoin themselves, they might have been doing so through proxies for quite some time now. It's of course not entirely the same, but the main point of importance is that the current difference might cause these entities to go full nuts on Bitcoin instead of conservatively letting a tiny bit of their liquidity flow into this market. I however hope that at some point we don't have to look forward to large investors entering the market anymore, because the only reason people like to see this happen is because of the price that will go up. It has nothing directly to do with Bitcoin as always....

OP, are you into  the cryptocurrency investment because of the quick gains you want to make out of it? Even if there is an unstable price in the price of bitcoin, that doesn't mean the price will sink forever without rising again. The inconsistence going on with the price is just probably a correction,  a FUD or just a normal phase that will soon be a history.  It's good to have a positive outlook to earn better.

Actually, I'm not surprised, I'm just afraid if this "acceptance" by the Sharia law won't be used as yet another excuse for Western governments to crack down on Bitcoin all over again as they come up with another contrived and ridiculous reason to attack crypto as a means for "terrorism financing" by Muslims. Anyway, quite a few people will be happy to see big money entering the cryptoscene now.

Hmmm. That's sounds interesting, but I do believed that they are already in the crypto investment since last year specially around the peak last December. But just maybe the push has something to do with Muslim announcing bitcoin as complaint and not against their religion. But it looks like we are trading sideways now and there are no more money going into the market as of the moment as the price keeps fluctuating in the $7800-$8000 range. Anyways, we should celebrate this early but continue to observe and see how everything pans out.

bitcoin will contiuneto rise at its own pace and will be more stable than ever over the next few months which is whats needed!

That's the experience of the vitality of the currency and imagine how bad it had also gone at some period after the pump. Just keep your eye open to the market. We got better days ahead in the year and also some surprises.

I think for me the price of the bitcoin will continue to increase because as of now the price is more than $8000 and that's good for us because if the price pumo they will get more profit again.  Im so very happy because it will increase again I hope it will continue to increase again. We need to wait to see the price increase more to make more profit just believe to bitcoin.

Well since price of bitcoin jumped I think this is a signs that bitcoin will be more to show up on the increase of value. It is like a roller coaster ride so better not to sell this time their is a more good to be happen on bitcoin.

well, the increase that happened yesterday did make a lot of bitcoin holders to be profitable. when they buy it under the price of $ 7000. for now, that potential has not diminished. there is still a great possibility until bitcoin prices rise again. still hold the bitcoin that we have friends.

The possible effect of a $1000 increase in bitcoin prices in minutes is the news that blockchains are getting a fair amount of fresh funds. In addition, the news that the closing deadline tax is also the most influential news on the rise because bitcoin holder in America wants to take advantage first before casting out of their digital assets to avoid the tax payment later. We'll see, whether after the 17th of April bitcoin prices increased or decreased?

In fact, it doesn't look like that at all. I mean, no longer. We were trading in a narrow range between 6.6k and 7.3k for quite some time but we have already broken out of that. Right now Bitcoin price is trading around 8.3k, and there is a possibility and it is definitely not negligible that Bitcoin will continue to rise. How much it will rise is another question but myself, I see no particular issues with Bitcoin rising up to 10k at this point.

A tremendous increase occurred over the past few days, I am increasingly optimistic that the Bitcoin price could reach a much higher level. I've seen this as an improvement, where bitcoin prices have been spared from stable prices that have lasted long enough. A lot of positive news has made bitcoin prices rise, this is a way to make trust in Bitcoin increasing. We need change and change to something much more in the way that Bitcoin views become the key to everything that happens today.

I am not really expecting so much right now but at the same time, I am still expecting much. The thing with bitcoin is that we have had impulsive move in both ways before, so that leaves room for any possibility. If we get to see more break further towards the upper resistance and we are able to stay above the upper downtrend line for a while, that may look bullish, but we cannot always say much until we see the response most of the time in the market to some certain levels. That was a pretty quick and huge pump anyway.

It's natural as always. Bitcoin's volatility can make its market price rise so high in just a matter of minutes or hours. Maybe bitcoin is starting to break its record last year when it hits 20,000$.

yesterday bitcoin Sail through something anything, now the price is still above the $ 7000 figure. I never thought bitcoin will sink back, in my personal opinion, the price will go back up in the next few weeks and will surprise again to the merchants and investors . hoping the market will continue to pump up prices and we will actually see the bull run market again. I'm sick of seeing the yesterday's bloody market, it's like a bottom line that is blocking the rate to the next level.

Some sells it already fearing that it will dips again, maybe they just set some amounts they when it reached they sell it fearing that they will need to wait long again, when in fact it can be a start of another good run. Let all who doubts disappear so the market may increase again.

I think bitcoin will rise up. But no one knows what will happen a couple of month from now. as you say in the span of 60 minutes it jump a higher price . Bitcoin is unpredictable it can go high and low. honestly, I dont know the market of bitcoin when it is going up or when it is going down. On my opinion  if we know the pattern of the rise and low of bitcoin we can easily managed what we earned. like when we know if it is going down we can easily  pull out the bitcoin and convert it to a real money.

yes, that is a good thing, and the effect of that price increase is still happening today. I might expect that within a few weeks, the price will return to the starting price of 2018, which is above $ 10,000, and that will probably be a safe point for this year.

I think positive, so my answer is it will continue to rise. I hope so. But I will continue to pray with a cross fingers to rise like a sky rocket in a quick way. I wish this is a good start again.

I think that $1,000 rise up leap is a real demand of Bitcoin in which it just make the $8,000 price value as a new base line investment or the new staging point of the market. I see that there is no more correction that will occur as i'm waiting for the big whales to come so that the price will trully to pump up attracting more investors to come so that the price of Bitcoin will become strong and stable once more.

Definitely! those who sell their coins yesterday are not reliable traders and investors ,,,, haha
the way their business is based with a sense of wanting to get more profit, eat it when they see prices fall, they immediately panicked and sold it. it's time we sit back while copying and laughing at those who doubt the bitcoin ,,, haha
now the price will continue to move on to the level above it.

I wouldn't call them unreliable. They are more of a daily traders, and its understandable to sell and to take profits. But we also have those long term holders, who doesn't mind any such large movement because they are looking at long term.

And for those who have doubting bitcoin and keeps or writing it off, I'm sure that they are again hiding and will not post any more because of a sudden turn of events. But they wouldn't disappear, they will just go on hibernation and will come out again once bitcoin started to fall drastically.

Generally, such a growth trend was noticeable only for one day, only in the morning we saw such a price jump. But it does not get any easier. I would like real prospects and positive moments in the market. That's when Bitcoin overcomes the milestone of $ 10,000 or $ 11,000, then it will be better by results.

Myself, I wouldn't call that a tremendous increase. It may be tremendous for one day - and it likely is, but we need such or similar increases for at least a week every day - two weeks would be even better. Right now Bitcoin seems to be trading sideways, and it is not unlikely that it will start to slide down again. And then all recent growth will be brought to naught. This will prove that it was an one-off event due to a big investor shelling out on a handful of bitcoins.

It is not surprising. Apparently, most people are here in the first place, not because they are trying to invest in the future, but because they are trying to see how to make quick profit or get rich overnight with bitcoin. This is the main reason we have a lot of weak hands in the market and so many people panic easily once they start seeing the other negative side of the market paving in.

Every market is volatile and people will only look at the bad side because that is all they just want to see. Even there are mixed trends, overall market into positive sentiment compared to what we had in the last week. We can expect it to continue in coming days and weeks to have prices above $10k levels, hopefully 8).

Yeah, a lot of people have been saying that and normally, we always expect to see the market experience some surge or decline based on the response to some certain news once in a while.
It is still a question unanswered as to what could have caused the skyrocketing within that short period, but one way or the other, it is a volatile market and we just have to live with some of these quick fluctuations. Nevertheless, we still have a long time to confirm before we know if we are in a bull market or not.

I'm not sure what you mean by "it is still a question unanswered". The price went up because someone had been buying appreciable amounts of BTC across the market in a short while. I think it is possible to track down at which exchange the surge started off. I expect it to be one of the largest Bitcoin exchanges - like Bitfinex, for example. It is impossible to know who exactly was buying up - unless you are that dude. But do you really want to know that apart from sheer curiosity and what are you going to do with that knowledge anyway?

The problem is my opinion will turn to be invalid in the eyes of the public as they already knows that the bitcoin price is very unpredictable.. It can jump from one price to the other and it can stay as long as the markets said so.. It isn’t about what I’m thinking or doing that affects the movement of it,, but the accumulated actions of groups of investors in selling and buying bitcoin..

It’s hard to imagine a man who can predict this market accurately on 90% of the time.. This is more of collective effort from his groups or some whales behind him..

Obviously, and there is really no reason to rush for the market. Those people who have panicked and gotten out of the market will surely reap what they deserve in the long run anyway. With this short quick demand rush in the market shows how volatile the bitcoin market is, and that should give new investors that mindset that the market is always going to switch back to a new trend at its own time and what is just required is patience.

In the past also bitcoin prices have jumped in similar percentage but there will be no use from that as how fast it move forward then with similar pace it come down. Slow and steady appreciations attract more investors which make bitcoin stronger and I am also like that kind of market movement only.

So much volatility is the main reason that small investors are hesitating to invest their money in bitcoin because they have the fear of losing and they are right. The price changes every minute and it is I think not good. In my opinion the price of bitcoin should gradually increase with the passage of time. Smooth increase will catch the attention of the people.

Yeah i am also surprised to see a big change in the price in just in a few days. People are waiting for a big jump in the price in a short time. But the current situation is not too good for bitcoin, and I am not sure that the price will increase too much in the coming days. To see this we will have to wait for some more time. Lose and gain is part of business.

and I would never pay attention to all of these predictions that are already were made to today. virtually no one was not a real and in fact all happened to another. Nevertheless for today bitcoin shows 8000 dollars, but almost growth not.

   Nobody can predict market tomorrow, in long-term it's easier. Bitcoin is
growing, popularity is rising, why would that stop? I cannot think of any
good reason for interest to drop, I think it can grow more, there many more
to join.
   I like to read news from years ago, old comments. Many predictions from
that time fulfilled. Many people did not expect this high price to come so soon.
I am optimistic when I think about price of Bitcoin in the future. There are more
then one reason for that. Main one is underlying technology that is starting to be
part of everything around us.
   Price is unpredictable in the eyes of a trader. Traders are relaying on daily changes.
Nevertheless technology is advancing. Price will have to rise when more people
join and supply go down. Daily changes do not affect future, maybe groups and
whales have some fun with manipulating the price, but that is the part of every market.

Imagine what holding for a year or two can give you. I'm pretty sure there will still be challenges coming our way since this is just a small spike but you have to look at the bigger picture here. Our major support now is a strong resitance last year.

btc prices are very easy to jump and very easy to down too, but bitcoin has a very good value to get up and be the best