Bitcoin Forum

Lol this is too funny, I was led to believe we were going to see $11000 in the coming days.

I am so happy to have sold some yesterday, my spidey sense was tingling. Now, lets see if I can buy them back at a bargain price. Why do I make so much more money in a tanking market? Probably because I dont buy when its going up.

Anywayz, buy low, sell high, alwayz works for me. Noobs lose money because they do the exact opposite. Lolz!

$11k may still be in sight until further notice. We are presently having a correction, so let's assume this is the normal thing to expect after few days of overbought market, with some divergence on the 1hr chart and the only time we can get to call $6000 is if we probably miss the $7800 support which held us twice on the 13th and 17th of this month and prevented us from going back down. I am however expecting a bounce from $8400 though!

After this corrective phase, and we are able to break back to higher highs and lows, I expect us to go test back the $9700. probably hit past that and go further to $11k or we form a double top around the $9700 - $10k spot which apparently leads us back down. Whichever way, time and trend will tell.

You’ve made a fool of yourself numerous times on here. Do you really want people to pull up posts from years ago from yourself sellibg everything in 3 digits?

11000$ was something meant to be seen in the future, but now the price is not in a steady state. But currently, we believe it won't go below 3000$ ever. There was a higher rise in price to 20k and there was a huge backlash back to 5k and its getting stable in the 5k number for a longer period. Similarly, the price soar to the moon and it fell and stabilized. I don't think this is a stock market to play with our money to buy at lower price and sell at higher price. It's a digital currency which at some time might revolutionize the world economy.

I expected a small correction to occur. The price was rapidly rising for about 2 weeks. Healthy market needs a correction and it is normal. But I think the price drop has increased due to the news of myetherwallet hack. I think it will not last long and the price rise will start again soon.

Any way, you shouln't expect the price rise and rise and never fall. It sometimes rises and sometimes falls.

I don't think were heading backwards the price to $6000. Sometimes the market needs a slow motion to rise up it's value. I can sense were seeing the $11000 in the nearing months but not this week so calm and don't conclude yet.

I actually find it refreshing to see these threads instead of all the hyped up predictions based on nothing but potential theories and whatnot. That however doesn't mean OP isn't a troll, but one that brings back that what we need, which is someone trying to 'fight back' in times where the sentiment turned almost full bullish. You can't have bullish sentiment without these trolls popping up, where I must admit that I rather see kwukduck back, and not a cheap impersonator, but he's probably still counting his profits after the crazy ride of last year. Either way, corrections help to tame the sentiment a bit, and that was needed for sure in this case. I'll probably be called a pessimist, but I'll take that, no problem....

Giving up already? Holders be like see it $20,000 for the upcoming days.  8)

Taking that precious moment of riding the bearish and bullish will make you much money, gratz to you!

Noobs be like, sell low - buy high.

you only thought the price would reach $11000 because I do not think anyone has convinced you that the price would reach $ 11000 these days, so admit that you were expecting to see $11000


It just shows that you're frustrated because the price has dropped.


humm... this looks like you lost money with that fall

Its good that you buy when price is low and sell it on an average price rise but as you said another major dip like $6000 is not possible I think in the coming days. I hope the price may dip until $8000 and it would raise again steadily. We cannot expect Bitcoin to be coming back to $6000 when it is trending in a bullish drive. Lets wait for the price trend watching it closely until this month end.

Ironic nick for the OP. Scheduled a nice big necessary sell to afford a few weeks delay and was glad for the hassle as this unexpected boom came. Anyway, I made a 50-50 gain/loss on this current spike, sold a bit when it was on the rise, sold the rest right at the peak I felt it was at (temporarily anyway). But no due cause for concern, small corrections bound to happen just as small spikes.

What else is new, and what else is exciting? Even 11k or 6k in the next few weeks are both equally expected.

The movement price of bitcoin these days were too fast, but I don't think if the price will drop back again to $6000.

Well, after the news about Tax day the movement of the price is changed that I think one of the reasons why the price massively increases in a few days.

For now, the price is stable around $9k if we heard a bad news expect that the price will drop a bit, but I expect to see the price will hit $10k, which is much possible to happen based on my own speculation and compared to the movement price in the past last 2 years before the block halving there is little similarity that is why I could say that the price can be hit again back to $10k.


Where did you get the news can you link me?

Meh, a lot of us here thought that the market couldn't push that easily to $11000: only a short number of people believed that fantasy. It was overbought since Tuesday but still the market managed to reach $9600 before climbing back to $8800 which I think is perfectly normal. Right now, we're hovering at $9000 without any sign of aggression from the bears, which I think is a good sign. I'd say wait until this week ends and we'll see whether the price will hold or not.

Also, aren't you the same guy that FUDs every time the market is in a run? You are also the guy who tried to short during a bull run and mentioned that you made money out of it. It's kinda cool seeing you 'buying low and selling high' when a year ago you condemned such acts thinking that bitcoin is trash ::)

If it's gaves you a good return then good for you. No need to have a harsh statement for those noobs as they are building experience. Sometimes it's way more better if those noobs will experiences losses on the way so that they will be used to it and soon will realized what things should be done about proper execution.

And not just that, it's not always about "buy low sell high" as others disregarding that usual term because the purpose is to hold no matter what is the price trend. Now let's see if your spidey sense will give you a good analyzation on your next desire.

Goodluck waiting.....

haha 6000 yeah right. That time has passed. After two weeks and 50% gain to high 9000s a correction back to 8000s was fully expected before proceeding to $10k. Bear market is over buddy, this is a normal correction during the new bull market. It was going up way too fast without a break the past two weeks considering Bitcoin is nowhere near an all out hype phase yet.

I'd expect 8000s and 9000s for a few days and $10k next week (of course considering this is crypto that could happen by friday for all I know!).

It's hard to believe we are going back to 6k. This was only a 10% drop, less in fact, it's nothing major and is perfectly normal in a one day period. I believe it's just the usual resistance when looking to break through psychological barriers, expect to see the price back in the high 9000s and testing the resistance in a few days.

not at all. noobz lose money because they don't know what to do so they start listening and following scammers and FUDsters on the internet like a sheep. it is basically because they sell when they should not and they buy when it is too late and because someone told them to buy. this always-being-late means they lose money.

I love him already. He must be a part of kwukduck's FUD patrol. Hahaha.

OP, that does not scare us anymore. We have gone through the bulls, the bears and the birds and the bees. We are holding, and we are buying if it goes down back to "$6000 in 3... 2... 1..."

Say hi to kwuckduck for us. We miss him. :-*

This idiot is spreading FUD. Don't listen to this Clown!

Edit: Avoid this butthurt Troll!
Edit2: Enjoy your first negative trust left by me  :o

Why are you sure BTC will drop 6K,now maybe the market value is down again but not at 6K I think.You have been rich from trading it your words and I'm sure everyone who trades will feel the advantages and disadvantages and I'm also very sure you have experienced losses in the past time dude,this correction will not be long in my opinion only be in 8K only. ;)

Are you sure about that? Maybe the price are dumping but it's not so bad as we see since there are so many thing that needed to see with, But to predict that $6000 will came? Duh to fool to expect for that and might you are the one who's spreading that lie's so that you can buy more cheap bitcoins for your own benifits. But you will be wrong this time since we know bitcoins will have pull ups by next month.

It was obvious that there would be resistance at the SMA 200, and a healthy pullback when knocking at it's door.
I also don't think we'll be hitting 6K again after that double bottom and some week on the that level.
HODL strong

I think $ 11,000 will happen in May, sir. we do not need to be pessimistic to see the price back down, just my opinion, the price will not touch again the figure $ 6000 let alone under $ 6000, we just need support alone, so the price in the figure $ 11000 can be achieved in the near future.

Don't be so very optimistic though , you can't say that it will happen , you can't assure that it will dump like that , to be honest I think it's a bluff or a hoax , sorry but I'm not buying it.

Maybe not 11k but 10 will be crossed for sure. I dont see anything that will come for bitcoin go down to 6000. Think that even this price is good stable at the moment and can be good for some investment. Next month maybe will be crucial for some major move in price if price goes above 10000, and I hope so then we could see some bigger movement for summer price.

Can I say congratulations to you fellow. You won the market value of your own token. It is good for you to have that kind of strategy. Buy when coins are low and sell when it goes up. How nice it is to see it is working for you. I guess you master it already as staying for a long time. I will remember your ideas. Thanks.

Good for you that you sold your cryptocurrency holdings yesterday and you feel relieve with your decision but in my own perspective the price of Bitcoin now is good and fine and I don't think that it will falldown again to $6,000, the price correction is good and healthy though so you better nourish your excitement and buy to your expected low and you will for sure maximize your profit once again.

I am not a great fan of speculation for the short term but I believe that Bitcoin is still undervalued when it comes to the real potential of it. I am expecting price not only to recover but also it will hit a fresh all-time high level in this year itself considering the growth in the user base and utility value of it. Things are chaotic as of now but with the growth of mass maturity, we will see the sustainable growth in the price too and hence it doesn't make any sense to me to worry about short-term price fluctuation.

You left a negative trust because you got butthurt from what I wrote???

And you call me a troll???

You ought to be banned from the interweb.

While there is no way Bitcoin is ever going back to 6000, I did just read that the Mt Gox trustee just moved 16,000 BTC from their wallets, presumably in order to sell soon. Apparently they sold about $400 million during the September crash, and sold a bunch multiple times during the big crash including on Feb 5th when the price plunged down under $6000.

And the article said they still have about 141,000 BTC's left. At a price of $9000/BTC that is $1.3 billion they still have in Bitcoin. If they are gonna keep selling that off bit by bit (and by bit I mean a few hundred million dollars at a time), we're probably gonna have random crashes all over the place this year.

Too bad they aren't just dispersing the bitcoins out to their creditors and instead are giving them money by selling vast amounts of bitcoin at a time, initiating large sell offs repeatedly.

That's all speculation at this point, before they sell anything there has to be another hearing and from that a decision will be made. So there is no chance that any further funds will be sold in the coming months.

When doing buy low sell high would really give some tinggling effect either you do guess on where do price would go. going back on 6k price is possible and it can drop anytime but it would really need some significant news before it would dip once again. Its normal for the market to a trader which do gain because of others mistakes. There are earners and there would really be lossers.

Buy low sell high seems sensible to me.  Rather than this hodling for a profit that might be pie in the sky.  So buy at 6k and sell at 9 or if you're brave hold out for 10k. 

Pie in the sky? Just as much as those who thought similarly when the price broke through the $1000 level again last year?

If there is one thing the past has taught everyone here, then it's the fact that holders are the real winners here. Most of the holders are also involved in short term trading, so it's not that you solely have to rely on holding. Holding coins for long term purposes is the backbone of your investment, where short term trading allows you to benefit from what the market has to offer in other fields. The main purpose of short term trading is to end up with more coin quantity than before, at least for me.

That has nothing to do with being brave. If you just think logically, you should only sell in smaller percentages per time, which will allow you to still benefit if the price keeps climbing up further. If the price ends up going down instead, then you can buy back the coins that you sold at lower levels. Being brave costs you money, where being smart earns you that. ;)

We cannot know what is the low price not until it happens, but since history taught us already better to learn from it. its very basic rule in trading, buying low and selling high, if this market back on $6k level again don't panic easily because that is a great opportunity to buy in bulk at a lower price. The price is keep moving right now, I think it can reach $10k before the end of April. :)

This works for me too! but i dont think this is logical statement that were in for 11k and then we come back to 6k again. Im seeing green and a bull in the price in the coming month of May possibly could Reach 15k  by first week of June with this rate of price positive movement the 15k rise is very po ssible..and it wont be hard to overpass the highest price peak of last year December if this would be the case.

If it falls to $6000 that would be great for me because only thing I do nowadays is just buying not selling, who will sell below $20.000? Noobs

The unexpected price in the market is really amazing if in case $6k would hit many users are waiting for that to happen. Who would'nt be likes to grab that chance to buy some as many expectations price this year will go high. Yes buying would be good rather selling at this price.

I think you jinxed us!

While we were marching up toward $10,000 we've now retreated below $9,000. Let's not get too excited about any movements. Nothing that happens this week or next or in movements of 10s of percent will be new for us. If we aren't seeing a double up or a complete breakdown we shouldn't care. Volatility happens...mostly with Bitcoin!

Yep. Anyone can see that there were a lot of FOMO buying that weren't rational at all during the rally.

I have to agree with you. Even if bitcoin does hit $10k or above, the correction is obviously near. And with the market sentiment still leaning to the bearish end of the scale, I do think that it is more than likely the correction will take us down to test the support that held up previously at just over $6000/BTC. No idea if that support will sustain through this dump, though.

And you're right about the general strategy in a falling market in regards to BTC, imo it's wise to always buy after markets tank for a few days and there seems to be consolidation going on. This incoming correction will present another accumulation opportunity for long term holders for sure. I've sold a fraction of my coins right now at over $9k, I'm still holding onto my long term BTC stash, but I'm definitely looking to buy once the dip comes.

Ummm what...you wrote this today?! The correction happened earlier this week. Dropped a thousand dollars. It already happened. Will probably hang out in the 8000s and low 9000s possibly for a few days before pushing towards $10k. $6k.. no way in hell. The market sentiment is not bearish at all, that ended a few weeks ago when Bitcoin said goodbye to the 6000s bottom. Market sentiment has been positive the past few weeks for the first time in 4 months.

The correction from 9000s to 8000s was to be expected after going from 6000s to 9000s. After some consolidation at this level the next move is upwards.

Yeah it is funny. I don’t know why some people think so negatively. Everyone is happy about the price and this guy is turning around 6000 dollars. The price already reached to 9000 dollars and is growing more. Now people are thinking about 20 to 25K till the end of this year. If the investment ratio increases the price will automatically increase.

You were not misled but you have no patience to hold your bitcoin for some more time. If you noticed the price is increasing day by day and it grew more than 1000 dollars in the last few days. Now you will be unhappy with your decision to sell your bitcoin for low price but don’t be panic it is the part of business. Patience and courage are important for investment in bitcoin.

LOL. Man, although you are right you are rude a bit. Do not be so strict. The strange guy was going to share his deep thoughts with everybody on this Forum.

Lol but dude's got it on point. Many people make the mistake of doing the exact opposite of the buy low sell high principle. The way i see it, as long as you believe in the project or the coin, buying low and selling high isn't that much difficult. So what if it goes back to 6k. Think like whales :p

I think that in the near future it will definitely reach to $11k but it will never fall again to as low as $6k. There are already many downfalls in the price and now it is growing more and more. So don’t be panic about the price. Many people have already lost a lot of money and now nobody is in a position to lose any more money. Now it is the time to make some money.

There is honestly still some room for BTC to go up in the near term. It could even go upwards of $12k, if the market sentiment is able to stay as bullish as it was during the few huge pumps we saw during this market rally.

However, having said that, there is probably not a ton of room anymore, especially when you consider that the resistance at $9500-10000 is just refusing to give up right now. And the absolute ceiling right now is probably somewhere in the vicinity of $12k.

As you said, always buy low, sell high. A lot of people have bought near the top of this bull run at over $9k, and that's not the smartest thing to do. I do feel like that we're going to go down quite a bit in a correction across the board, before making our way back up.

In my opinion there is no chance for the price to fall again to that bottom level of $6000, because people are investing their money due to the rise in the price and nobody is ready to accept $6000 again. A little bit correction is the beauty of bitcoin and people take interest to see the price daily and calculate how much they win or lose. Don’t dishearten the people.

The price will fall as this is normal but returning to $6k again could be not good for bitcoin. We had already getting confidence and attract new buyers if this will crash then we need enough time to build some momentum to go up.

Don't rush, bitcoin has been unpredictable since then. We can speculate if we want to and think that it will even go $15,000 for the coming days. Forget about the noobs that are doing the wrong way of buying those FUDs and do sell at the lowest point because they do panic and buying when the market is on good hands. The intention of OP as written with the title he thinks that the price will go down to $6,000? Okay we've been stuck at $9,000 and at this moment this makes me have that feeling that the price will go $10,000 next week.

Newcomers sometimes tend to depend on the other people choices and P&D groups to make an income out of bitcoin the problem is that they forgot to research first and abide by the basics and that is to buy low, sell high and hold a load of stashes bitcoin and other valuable altcoins in the long run and that is when they got scammed because they joined and asked wrong people or group, they will call cryptocurrency scam as they are calling it as a general  when the fact is that its all their fault for trusting someone anonymous in the first place.

I do not know if we are going to see such a low price maybe we are going to see 8000 or even 7000 but I do not think we're going to see 6000 again, however you are right when you say that there are many newbie traders that make a big mistake of buying when the price is very high and then selling when its low and they do that because they do not have any experience in trading and then they panic when they see the volatility of the market.

I actually think the contrary, the most likely scenario in the event of a correction in this case would be for bitcoin to get close to the $6k level where the most support it at, and test that level.

It could even fall below that price, if the support doesn't hold up. We've seen how much people can panic dump in a bearish situation in the dumps that ensued in Jan-April, and if bitcoin isn't able to move past the $10k obstacle, it's a no brainer that people are going to panic even further.

I'm not saying that it won't happen, but I think it's much more possible that you and others think. If the momentum was in the bulls favour, we would have broken $10k ages ago, which we haven't done.

BTC is now at 9k and will make it 10k soon. So if you or OP keep to think it will fall back to 6k and then you will buy then good luck as it may take some months now to go back to that price or probably it will not even go so soon. So just keep looking as a audience if you do not want to invest and make money.

That is true, it can go towards 10000$ but it can also go back to 6000$ or less. Everything is possible with Bitcoin, experience has tought us so but not everything is possible in every moment. It's important how the market is reacting and what are the current factors that influence Bitcoin price, are they positive or negative.
At the moment I don't expect some biger downfall but also not to cross 10000$ so soon.

no. just no. a month ago Bitcoin was scrapping the bottom of the market not going anywhere with market sentiment still negative. Now market sentiment is positive and the price has increased $3000, even including taking a week for a correction. So your "ages ago" comment makes no sense whatsoever. Bitcoin is just now gearing up to take on $10k, not ages ago. If it doesn't break $10k now it'll probably just consolidate here for a bit before breaking through. No reason whatsoever for it to fall way down, let alone get anywhere near 6000s and test the bottom of the crash again. No body in the market is thinking about $6000 so nobody is gonna sell all the way down there or even within a couple thousand dollars of there. Bitcoin looks strong with steady growth now. It'll pass $10k soon, pass $11k maybe even this month. The big test is breaking through the high-11ks level that it got stuck at twice earlier in the year.

these two statements are very misleading. because "can" in this context means there is a 0.000001% chance of that happening.
we all know that bitcoin is still pretty volatile and market is so small still. so an unexpected incident like a big exchange (like coinbase for example) getting hacked can cause havoc. but what are the chances of that unexpected incident happening?
we only have trends and what currently is going on with the market and we need to speculate based on that, not what might be. and what we have is a rising trend with a strong buy support.

That is the secret of this market and those that obey this simple principle to makes money from this market. I have been trying to understand that to make money through buying low and sell high one must understand that bitcoin market fluctuate and it  can a bit move down against your opposition before You can see upward move and that is were people sell out of panic.

There are some chances for bitcoin to reach that value but those chances are really small , is a little probally for that to happen . Lately bitcoin has grew up a lot  , he grew 1000$ this week . Maybe he will drop  again to 8700$ but we cannot predict anything.  If bitcoin will really drop to 6000$ , he will not do that very soon . Maybe he will drop to that value but its gonna take some time.

What is kinda interesting here is fact that Op is not alone, there are many people who are panicking about price of bitcoin all the time.
These scaremongers are spreading the news about bitcoin crash (for example by posting about imminent BTC crash/extreme correction).
Bitcom market sentiment is largely dependent on mob psychology and if BTC investors will see that others are sceptical - there is a high chance that rumour/random post might become a FUD.
After all, there is a saying 'constant dripping wears the stone'.

I do not believe that it will happen. probably, the bottom is 6.5 thousand but I am not expecting that Bitcoin will have another Great Fall. I hope for the better.

We have seen many times bitcoin price raising to 11,000 dollars and falling back to 6,000 dollars making it as the bottom price for bitcoin over the last few months.So it would not be a surprise and just a day to day scene.It would once again be a great opportunity for investors to buy cheaper bitcoins.

This is how the market reacts most of the time, even in the past the price always test the resistance level and support level quite often and the market will continue like that for a long time before a major rally and that is what is going to happen here, i would ride the market and if the trend reverses i would sell off and get back later and that is going on for some time now.

Exactly noobs doing the opposite in terms of buying and selling btc. Price hardly to rise to what people expected to hit this year. This market full of swing prices but the most thing to do is let's react towards on the benefits that we can have.

Good news to us because the price increasw again at $7500 compared to the price last day ago which is $7000 and when the bitcoin touch down that price they have big possibility to down at $6000 but because of the investor bitcoin increasing again and everyone will buy more and keep it so the price will pump again and you will gain more profit.