Bitcoin Forum

How Bitcoin is doing?

Despite a short recovery a few days ago, chart analyzes still show that bitcoin (BTC) is still in a state of volatility and is on the edge of falling now. The current price of BTC is: $8.483,55

This cryptocurrency has broken the downward momentum on last Wednesday, due to a divergence of the RSI and also showed a pullback from the recent high of $ 9,990 ended at a low point of $8,980
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The momentum break could give investors more hope for a stronger move towards the goal $9,767 (April 25 highs) or even higher, $10,000.

However, the price has stopped at around $8.483,55 dollars in the past 15 hours and is a challenging task to break through it at this point.

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The volatility is still not gone completely. But I hope, by the end of this year it would be gone and the prices would be high again. Let's see what happens.

I think the correction of the market will soon be over. Bitcoin will start to rise in May. Let's hope for it.

Bitcoin, and the market in general, seem to be doing well so far. Yes we had that drop, and bitcoin is still having a hard time to move above the $10k mark, but I think we are still on the path of leaving the down trend we entered at the beginning of the year.

Once again, this flash drop seems to be connected to another fund liquidation from Mt.Gox, and there is also the investigation around Upbit. It didn't last long, and it seems that the recovery has resumed once again. Let's see if it continues.

Bitcoin is not performing as it should be by the standard that it is the leader in cryptocurrency. It is more good to invest in altocoins than bitcoins. Since the beginner year , bitcoins has failed to cross the $10,000 and stayed there for a month. It is currently trading around 700 USD and is confirmed how terrible it has been.

Bitcoin is strong the 8200$ target has held pretty nicely and I think that we can go above 10000$ pretty soon. My end year prediction is bitcoin for 20000$ and ethereum for 5000$.

Basic for new users
As a new user, you can simply start using Bitcoin without having to understand the technical details. After you install the Bitcoin wallet on your computer or mobile phone, it automatically creates your first Bitcoin address and you can create more addresses whenever you need them. You can give your Bitcoin address to your friends so they can pay you or vice versa. Very similar to how email works, except that the Bitcoin address can only be used once.

Balance - chain-block
The blocks are a common transactional note in which the Bitcoin network rests. All confirmed transactions are included in the chain-blocks.

Transaction - private key
A transaction is a transfer of value between a Bitcoin wallet that is included in a chain-block. The Bitcoin wallet stores a secret section of data called a private key, used to sign transactions, providing mathematical proof that it is true that the owner of the wallet is transacting. Signatures also prevent transactions from being changed by anyone after they are published.

Processing - mining
Mining is a distributed agreement system used to confirm transaction queues by inserting them into chains. Mining arranges chronological sequences in chain-blocks, protects network neutrality, and allows different computers to agree on the state of the system. To be confirmed, the transaction must be wrapped in a block that fits the very strict cryptographic rules and will be verified by the network.

I think bitcoin is going well again. Despite its current price, I have good expectations from it. I think it has a great potential to reach much more better prices than its current price, and I hope that it will rise again very soon.

I think that there is still a possible fall, of course if the news on the consensus will be good but he has grown back but today tomorrow I think may fall

In the end, the answer to the question "where the price of bitcoins comes from" and why it is worth so much, you can say that it is ultimately worth as much as people buy and sell it. This is often just as much a matter of human psychology as economic calculation. Do not let emotions dictate your actions on the market; this is best achieved by defining and sticking to the strategy. If your goal is to collect Bitcoin, it is a good idea to set a fixed amount every month to buy bitcoins, regardless of the price. Over time, this strategy (known as dollar cost averaging) will allow you to accumulate bitcoins at a decent average price, without the stress associated with attempts to predict sometimes wild fluctuations in the price of Bitcoin.

I think a very good price is now on bitcoin and it will grow, very soon bitcoin should be more than 10 000

Well after a big sell of BTC, It's only natural for it to have a dump. I guess it needs some time for recovery. there's a big supply right now, and i know that gradually it will recover sine the tokens need to circulate and investors are still putting effort to pump BTC. Though the recovery is gradual I'm still positive that BTc is on an increasing trend.

I think that now you can start to buy bitcoin. I think that the price should increase in the near future

bitcoin market is not good now but i still put my truth they will get back to normal soon
rise and falling is a constant thing

A good analysis but this line of thinking can break or disappear, there are several factors that apply in Bitcoin, factors that do not yet exist in altcoins. Thus, we are already faced with sudden highs that jump of $ 800 or more in the day and also in counterpart we can not affirm or calculate a destiny for the Bitcoin and the maximum we can do is to believe in the stabilization with signs of high.

Technical analysis, the lines of RSI - this is of interest. However, even more interesting is the fact that the Theter published in May 410 million usdt

I do not panic if bitcoin prices are on the edge at this time, because I always believe and believe if someday in the future, bitcoin prices will soar to its peak. so start from now to buy bitcoin as your investment asset in the future.

I think we'll find the 7k again. And worse, the alts will melt so that Bitcoin can again take 45% of the market. Let's see how the Asian market wakes up, but with the news about the problems of some exchanges, I do not believe they will throw the price up.

But I believe that soon the western market will demonstrate strength and pull the bullish movement with great volume and betting stronger on the BTC.

Unless a contender like BCH decidedly overtakes it, it's difficult for BTC to drop below 6k USD from now on.

And it's likely to go parabolic after a close above 10k, which would be a clear break of the 200 line which has been rejected twice already.

So watch out for the next surge up. These levels are pretty good to accumulate, but also hedge against the likes of BCH.

The volatility will never be gone. It's a part of the cryptocurrency itself that has generated through supply and demand.
OP, i guess a little signal has already happened and it takes the more time for bitcoin to get the same recovery like what has already done by ethereum and ripple. It may go back again as soon as possible.

The exchange rate of BTC had fluctuated continuously over time when there was a time when the BTC exchange rate exceeded $ 9,000 then dropped, and the current exchange rate is at $ 8,700. By the end of 2018, the BTC exchange rate may reach $ 20,000 or more due to strong investment demand at the end of the year.

Recently the price is low and the market is going down but before a major event there always a drawdown happens. So I hope the market will rise within a very short time and the price will break previous records.

very helpful and informative post about bitcoin and it's present state. hope people will get to know more and become more sensible while treading, i have seen many people are selling their houses and investing here, pray all of them get benefited by treading here.

I think now bitcoin has a moment of respite. The course will continue to grow, it is beyond doubt, they have no choice, otherwise tryptomer die.

Bitcoin is the best currency for this time. Trading is easy. Shopping is easy. Money transfer is easy. You win by the time. I am confident that in the near future there will be money used by the whole world.

I think yesterday we dropped to bottom for the period 2 months then only to ahead. LN continue developing wait some positive news about bitcoin then let's go at past high positions.

Bircoin crypto is the best in the money world. Bitcoin is the creator of this market. All Altcoins are on the market thanks to bitcoin. It will be a virtual revolution. In the near future all states will trade with BitCoin.

Right now bitcoin is not doing fine and for me it is normal, due to its performance last year, December 2017 to be exact it rises rapidly, its like rising 3x from its own price, from $6000 rise up to $20000, its a big impact, many people waking up at started to join or invest in crypto. But now bitcoin is falling down as we expect, So next move will be rising though we dont know when, just keep waiting and hodling.

bitcoin is down the price from last month and so now Altcoin follow the movement and so I am sure with the decline of bitcoin that will now be back soon and can benefit from it Bitcoin will survive in a long time

indeed it takes patience to wait for bitcoin to reach $ 20k, but the end of the year is still long and that's when the highest price spike occurred. so hold the assets we have so as not to make things worse

Bitcoin crypto is the best in the money world. Bitcoin is the creator of this market. All Altcoins are on the market thanks to bitcoin. It will be a virtual revolution. In the near future all states will trade with BitCoin. Because they have future in crypto currency and they are develop in technology system.

bitcoin market is not good now but i still put my truth they will get back to normal soon
rise and falling is a constant thing

Bitcoin works like all other currencies. Seen growth and fall. But bitcoin for its populnoski never give up leadership in the world kreptovalyut. Only patience and bitcoin will go up.

Bitcoin is acting normal, this is normal calm down Bitcoin is doing not so good this month, but I've seen something worst than what we are actually experiencing right now, I've seen better days for BTC and this is certainly the month for buyers to make progress with their BTC, let's not panic and wait until the month of June ends.

In my opinion,  the bitcoin will still fall down. But I am believing that it will rise up high since whenever there is a fall there will be a time that the bitcoin will go up high too.  Let's wait it for a few more months and maybe that yime the price rise up. The market is still volatile so anything can happen,  rise up or fall. Its better to be patient and wait whe  the BTC value rise up

The bitcoin is doing is good in this business because they are in demand to the investors that seek and search for the best coin or investments to use in this kind of business and industry.

Bitcoin is taking a major dump right now and that is affecting almost everybody in crypto. I know this sounds absurd but you might just have to let it run its course and wait for the price for it to increase again so it will also affect the other coins prices. Be sure to prepare the Cryptorapture.

On my mind Bitcoin feels quite good comparing with recent times. It is growing, maybe not so fast like we want it would be. But results are clear and it brings an optimism and faith in future.

It's hard to be able to always predict something that exists in this cryptocurrency world.
Only time and good hope to be in the future in the future crpyto.

As at today bitcoin market price is doing just fine, Market has shown a little bit improvement and I am really happy about it and I hope things will continue in this manner so that we can see bitcoin price break 10k support level.

Bitcoin is doing very well
Steadily increasing its market cap and circulating supply
And hodlers are incredible increasing  as well

Steady increases in price and value too
Just ensure to keep more satoshi and avoid value in usd

Bitcoin has been great for the past few days, it did a great jump and with the way it is going, it might break the 10k support level this month of July, I think the spike in price is because of the recent good news in cryptos,

its too early for us to tell that bitcoin might jump up to $10k, it is a sudden jump that will make more risky for us to buy, there will be a correction after this hype for sure.

The "crash" is going to be to like, $7200 at best since everyone is trying to long the dip and get in on the bull run. The risk/return of trying to trade any sort of retrace is really bad.

I actually would bet there's a slightly higher than 50% chance we just go basically straight up to $7800 from here, and then retrace a bit while things cool off.

the price of bitcoin rises this past days ,is it already a bull run or just a bull trap?
but i really think bitcoin is just doing well and hearing some known personalities invested on cryptocurrencies
made me feel relief  that bitcoin is here to stay.

Impressive action in price & volume the past few days.
Breaking 8K soon is crucial (monthly resistance)
If we break it, then everything under 7k was just a ugly bear-trap and we should start our journey to a new ATH.

Chances are  we can expect a crypto alt season soon.
If you played your cards right, one of these seasons can completely change your financial situation and increase your capital extremely.

i trust bitcoin the same way , our Senator and Boxing Legend Manny Pacquiao also entered crypto world as well.
It just shows that reputable people are into this  field so i would not hesitate to say that i still believe in bitcoin.

i heard itll be still more surprises with bitcoin. it's kind od a phoenix bird that might arise from the ashes ;) or maybe it wouldn't and well have something new.

I think that sentinment shows fundamentals only in in a short period of time, for example new regulations- panic mode- selling and after some time back to the normal ;).

Despite the success of bitcoin, 95% of the other crypto currency expects the same collapse as the dotcoms overtook in the late 1990s. However, those currencies that will survive will grow strongly in value.

I guess bitcoin ia doing good in the market right now. The value of bitcoin is now increasing and hopefully it will continue to increase in the coming months for us to have a good profits.

I think you get ahead of yourself. To be glad about the first small rise is short-sighted. Summer is still continuing and the activity is low. I think there will be more downfalls rather than rises. But the fact that BTC shows signs of life is great!

I agree with you. Bitcoin certainly has grown quite well in a short period of time, but this does not mean that the price will continue to grow. Volatility is still very high.