Bitcoin Forum

Officially, Bitcoin is back in the vicinity of $7,200 and there is a big chance it can surge ahead and toppled the $7,500 level soon. Does it mean that Bitcoin is now back in the game after the 'attack' and being sluggish for some days?

Well, we are hoping that this can be the start of something bigger for Bitcoin and there would be no big correction happening again. The message here is quite clear: Nobody can kill the King...if China was not able to deter Bitcoin from growing how can its spin-off do the crippling damage they wished for?

But then again, it is not good to brag as we don't know what can be in the next few days and months so let's just be happy that maybe we can say that we are into the game and that Bitcoin is really here to stay for good.

What is happening is what always happens after price fall. Price drops, some people get into a panic and sell their coins. But after that the price rises again to a new all time high.

The price of bitcoin is not fixed. So up or down the price is natural. But we can predict that Bitcoin will survive and the price of it will be increasing day by day. Though the price gets down for some reason but the future of Bitcoin is very promising.

Hope for the best. I knew it was better to wait for this week to see the price coming back. Now the question is how far will it go, or at least reach the ~$7800 that it had before this. In case it stabilizes to what it is currently, I am still happy with it. At least it's less volatile. Bitcoin becomes stronger and stronger with time. Like a good bottle of wine. xD


Thanks man, nobody was aware of this. Have you understood what @iamTom123 was talking about?
He is referring to the decline of the Bitcoin value that was cause caused by the fork and attack.

of course we're back in,
some people said there'll be something in the next few days later aka the date when the fork should be.
they claimed another movement will be caused by fork supporter,
i hope it's not bull trap caused by segwit2x supporter,
because i believe the movement far more than 'bulltrap' that i used to know.
well everything can be happen with it in the next second.
but i prefer to hold it even though something will happen in couple days later on.
let see how far it will go and can we keep the flow to its peak again ? or even surpass it ?

About bitcoin downtrend on yesterday, some whale trader want to make a profit by using margin trading because bitcoin reach another fork.
Yes,it can happen and for now bitcoin is back and I'm lucky enough to buy bitcoin at $ 6750 and will wait for $ 7400 ( maximize the profit )

Standby guys, uptrend is coming !

Indeed, Bitcoin has recovered nicely, but it still has work to do until the wonderful 7900$ it had one week ago.
It proved itself again better than Ver's team and the day trading speculators.

I hope that the spam attack will get countered too, rather sooner than later...


Edit: On a very happy note we can put behind us yet another correction after the super-fast growth of Bitcoin.

Bitcoin has never been out of the game, even when the miners make such a great effort to pump BHC and to try to damage bitcoin that is the best they could do, Mt Gox did a lot more damage to bitcoin and its reputation and it is easy to see why, miners at the end want to profit and they are going to keep mining bitcoin for that reason, Mt Gox crashed and disappeared, so if the miners want to damage bitcoin they will need to disappear.

Nope Coindesk analyze team informed that if bitcoin value reached 6900 USD then we do not need to fear about the bitcoin price after that. If the value is not bump as expected we should move to BCH. This was they stated but fortunate thing bitcoin is started bumping the chart now.
If you have invested more fund BCH you are failed completely. They will get back fire in some days.

I find it funny when people compare allcoin bitcoin cash with bitcoin. Lol. It reminds me of comparing a Lamborghini with a BMW. Cars different levels. BMW can outrun a Lamborghini only then when she slows down to stop. Bitcoin will never become accessible for any altcoins. They can parasitize only on bitcoin. In their own interest to bitcoin existed. Therefore bitcoin will always be number 1.

Yup we are back in the game for sure. Crash is over and price is now consolidating and stabilizing in order to start another bull run in the coming weeks. Bitcoin will pass $8000 certainly by the end of the month and take a run at $10k in December.

Let's not forget the price of BCH is still very high. More than $500 of BCH value could bleed back into BTC in the next few weeks. That in addition to new money coming into Bitcoin, plus a month away from Bitcoin futures starting...Bitcoin will be booming to new ATHs soon! By January we'll be talking about how soon it'll be until it hits $20k.

Yes bitcoin is now back and I'm only asking for it to be seen at $7,000 and now it's down a little bit to $7,165 still a good price though.

There will be tough decisions that we have to make with these peaks and expect it that there will be some dip in the future. But I hate those FUDs that are mistakenly taken by the people.

It's better to see a normal correction, just enjoy the peak today and don't be too greedy.

A lot of people are questioning why Bitcoin dumps after they cancelled the Segwit2x and others are questioning about of is Bitcoin is back? I guess they don't know that this was all just a temporary event that occur on or before a fork. So basically after it goes down it will gonna go straight up again and that's how the fluctuation's working.

It will always be like this. There will be ups and downs. One day the price is high, another day its low. Its a really unpredictable. But the sure thing is, bitcoin will always redeem itself and go back to its normal value.

Correction?
The correction was done and the price rise has just started. The price had dropped to below the 6000 dollar and now it is rising again.

Yes, we are back in the game. The recent drop was just a good opportunity for Bitcoin to surge up again. Even though there was an attack on Bitcoin's blockchain, we cannot neglect the fact that Bitcoin will always prevail. With this, we can be sure that Bitcoin will surely reach another all time high soon enough.

I believe Bitcoin is back to the game. People enjoyed the opportunity to make profit with Bitcoin Cash, but now they are coming back to Bitcoin pumping it and consequently dumping Bitcoin Cash. For some time I was worried about Bitcoin Cash and some statements from Crypto enthusiasts about it, but now I see that was just speculation and exhibitionism. Long life to Bitcoin!

Indeed, we are back. Hopefully, the $7000 is the new floor, and given the trend we've seen this week, it wouldn't be a surprise if we manage to hit 8k before the end of the month.
But congratulations to everyone who bought during the dip, and congrats to those who managed to hold their coins. And my deepest condolences to all of those naive soft minded people who sold their btc, you were manipulated. But at least they learned a lesson, we all learned a lesson from the recent attack, one way or another.

It will never caused by the bitcoin's price depends on the market itself, the market is able to determined how the suitable price for the bitcoin based on the demand and the supply. As you can see about the more people are interesting in crypto and not only in the bitcoin itself.
Another good news comes to the bitcoin which about the futures trade of the bitcoin can bring the big merchant's adoption.

yes the price is trying to get back the price before and now it reach $71xx but i see we are in $72xx in few hours ago. i think we are in correction price and i am not hoping that the price will be down again like before because right now i think people is only want the price is increase high. if the condition can back to increase then i think we can reach $7500 in this month and in next month, the price is moving up more than the price.

we never left "the game" the drop was actually part of "the game"!
whenever these FUDs start spreading, everyone starts selling fast and even depositing more money in their exchange accounts to buy bitcoin at the bottom without anyone noticing. and that is exactly what happened. the "smart money" always buys these dips and that is why only some people are getting richer every time there is a dip and not every one.

the funny part is that the size of the dip seems to be always the same 30% drop!

We actually may see the price level of $7500 break earlier than we think.

Right now price is hanging nicely around the level of $7400 per coin. That is pretty good gains compared to the sub $6000 levels that was looming over the markets a few days ago and it's nice to see BTC recover so fast so quickly.

This momentum should push us over to another all time high. Again, this demonstrates why you should always buy the dip instead of panic selling.

I already know that Bitcoin won't let me down and this rising will make investors spirit go up and put more money in Bitcoin, recently Bitcoin keep on reaching new ATH and this time the rising is quite slow so maybe there won't be any big correction

Correct. People seem to feel like they're invincible or something when the market has gone up significantly, from where they just assume it will continue to increase further without any drops. If there happens to be a drop, people are butthurt and think it's the end of the bullish sentiment, that we'll fall back to $3000's, etc. There is indeed no such a thing as we're back in the game, which would imply that we left it, and that isn't the case. Nothing happens if you just keep holding through corrections and wait till the market climbs back up, which this year has been the case everytime. Demand is far stronger than the urge of those who're looking to cash out. I have never seen this market be so solid.

I see that hard fork delay panic is ended and we just start to rise again and again.
This will not stop until hitting 10.000 USD by the end of this year. I hope so.

There are many factors at play here. The cancellation of Segwit2x gave a tempory boost to Bitcoin Cash and was a good opportunity for traders to make a quick killing shorting Bitcoin. Markets never go anywhere in a straight line, the dips are just normal market action. I think the more significant story recently came from the CME. A Bitcoin contract at the worlds most important futures exchange means Wall Street money coming in like never before. That's why the dip we had at the weekend was bought so aggressively, front-running support at $4,500 and with very large volume. All the signs a trader needs to know that this is a very strong market right now.

You don't understand what I'm saying. I knew it that the correction was done and the price starts to increase again and now it's at $7,000+

But what I'm saying is after this there will be another normal correction so expect it and we can't do anything to stop that coming.

Enjoy today while the price is at the top and don't forget to take some profits and wait again for the dip.

Yes, some could have made good profit from bitcoin cash and now making their move towards bitcoin looking the growth that has started days back. The increased number of users suddenly switching towards bitcoin is another reason for the increased number of transactions staying unconfirmed on the network.

LOL Bitcoin Core is not "back in the game.".
The only thing happening is the Cash team is getting the maximum capital out of Core.
They have accumulated billions of USD and own over 60% of all mining power.
The recent dumping and price rise of Bitcoin Cash was only a small test to see how much resources and capital is required for a full take over and destruction of Bitcoin Core.

Follow the Bitcoin Cash channels and you know exactly what is going on.

Yeah definitely for us investors we are just waiting for the 7,000 US dollars price comeback and now we can hope for a 7,500 to 8,000 US dollars price exchange rate definitely looking forward to. At least bitcoin is getting ahead of bitcoin cash again for those doubters they can definitely invest and trust in bitcoins again. It's time to sell some of my bitcoins so that I can use some of my earnings in my investments.

BCH has been ended to pumped and people currently more likely back to bitcoin and apparently there are some people who being controlled the price or manipulated it because while altcoin down then bitcoin raising up and it was happened repetative several times however i was thinking on december this year it will possible bitcoin price will reach to $8000

This is what most people do speculate into which we do hope for the price to hit up for $10k price and as you said bitcoin was never out of the the game even there are lots of issues which it has been attached it is still kicking and price corrections isn't really surprising only newbies on bitcoin world would be shocked on this kind of movement but for those people who are here for how many years would definitely know on how bitcoin price behaves.

Hoping that BTC will create another milestone before this year end!, Seeing it slowly moving up means that this is a normal increase and not just a reason of panic buying and not by another fork --just forget the upcoming Bitcoin Silver fork lol--. Currently the price is moving between 7.5K and 7.4K, we are indeed back in the game!.

Very easy prediction:

https://bitcointalk.org/index.php?topic=2383973.msg24356036#msg24356036

Classic pump and dump antics from Roger Ver's camp. Now we are approaching all time highs again. That $7888 peak with a flash crash is going to be a bit annoying to pass I think, but we will get there soon. Billonaires are loading up on BTC for whatever reason. Ledger X and CME is here right for xmas time. I think ATH before 2018 is pretty much guaranteed. Let's see if we pass $7597 before trying to get that ugly ass red $7888 peak candle out first.

Actually I am glad that Roger Ver and Jihan Wu carried out this market manipulation through BCH. I was able to predict the strength of Bitcoin and its market. People never did actually move to BCH completely abandoning Bitcoin. Bitcoin came out better. This shows these petty acts can't harm Bitcoin today, they might have impacted earlier. But now Bitcoin is being supported at global and huge level and thus manipulation isn't that easy.

This is the strength of decentralization!

7700s now. Only $100+ to go for new ATH!

Well there you have it, as soon as we broke $7597 we shoot up to $7830, with the subsequent struggle to break $7888. We need to beat that stupid wick to consolidate the current bull market. I hope this is not a double top. Being so close to all time high and still being 1 and a half month away from 2018, I believe ATH before 2018 is a safe bet even if we dip now.

No dip coming. We just got out of the dip. No reason a dip would come now, it is getting ready to push to new ATHs. Might hang around mid-to-high 7000s for a few days before breaking 8000 since it has already gone up $1000 the past couple days, but the dip is over, bulls are in charge again.

I am so sorry for those guys who switched all their money to bitcoin cash, it was a nice play for the devs only, they raised more than millions of dollars and all the mining pools have made their profit too, because most of them were just supporting bitcoin cash and all their whole technology.
What is going to happen next? i dont know, but i am sure that bitcoin will keep going up for a while, because the charts are predicting a huge buy wall on $7900, it means that we are probably going to see the price on $8000 by tomorrow.

Bitcoin is back and at a new high. I think it will keep rising from here until something external scares investors away. There really is no limit to where the price can go.

I think the price will at least double next year and that is a conservative prediction based on what others are saying. It’s amazing to see how much money is flowing into Bitcoin and other cryptocurrencies.

The bleeding already stop and it is now climbing back! It even broke $7500 mark and the pricing is currently at $7700. Better days ahead and we might reach $8000 in less than a month or so.

We might also see higher prices than that, bitcoin is climbing up at a good rate IMO and at this rate it might even climb to 8500$ before the end of this year. By Christmas eve, there might be a significant boost in price for all coins considering that people by that time would have had invested more money from their 13 month pay. I am sure that a lot of action will happen a week before new years eve. For now, I can say at least that what's happening right now is truly enjoyable.

almost at 8k lady and gents ;D

yes sir! just saw it get up to 7985! Will we break 8000 today??

Something I've learned trading this market for years now: they always try to paint a double top. As expected, bulls pushed a new all-time high above $8000, and bears tried to immediately dump it to $7700.

Coming off a V-bottom as we did, I wouldn't worry about this short-term volatility. Once we work through short term supply near the previous highs (upper $7000s), we're off to the races again, back into uncharted territory.

And given that we held the parabolic structure, I'm inclined to think the incoming volatility is going to be insane. I wouldn't be surprised to see $10,000 in a matter of days.

Well as of the time of typing bitcoin is hovering around 8000 usd so the recovery is already complete! I would be a little hesitant over the price in the coming days as I wouldn't be surprised to see a double dip. China was able to deter bitcoin from growing for a little  while and if there are any larger regulatory changes then who knows what may happen. China's biggest route of influence would probably be via miners instead of investors.

I don't think so. The price rise will continue. Till now China has made many laws against bitcoin. None of them caused bitcoin price to fall. China cannot affect bitcoin price.

Yes this has now come to a very expensive and reliable pillars of bitcoin price and I think we are now facing the very profitable price ever. The price is showing very promising performance as it surpassed the so called correction although no actual corrections happened, because it was just supply and demand fluctuated in a few days.

Yes, and now it already hit $8000, this isnt a normal game ! Big Game !

There was a pretty nice dip from $7953 to $7533... that was a good trade if you sold and bought the dip, which I didn't. Now we are re-testing $8000 again. Notice that on Bitstamp $8000 was not reached, we topped at $7997. This is most likely because Bitfinex reached $8040 then started dipping, not allowing Bitstamp to reach $8000... pretty annoying. We'll find out soon if we can hold above $8000.

With segwit2x over and Bitcoin Cash pump over as well, I would bet on a continued bull market above $8000 for the next couple of weeks too.

Potential FUDdenings I see:

1) Tether delivers a nice bitfinex'd situation
2) Another banning of whatever in a big country (exchanges, mining or possession of BTC)

That's about it for now. 2x will still fork but nobody will care.

We were never out of the game at the first place, because, it is the game! Price drops, people panic, price rises and all are happy again with a few regretting why they sold theirs. That is how it has been since the start, and that is how it will always be. Those who do not trust bitcoin would obviously panic and sell their coins when they see just a little drop, and those who do, they will always be happy, eventually. So if you are in Bitcoin, you are not supposed to doubt it, and if you do, you are the one who will regret at the end of the day. It is as simple as that.

Tether has triggered all red flag signals a good while ago, from where I believe that we'll definitely pay the price for it in the coming years. It's mind boggling how such an outright scam has infected this market so deeply.

But then again, as with everything we have gone through in the last years, we'll move over this event and reach even higher highs as result. This market is unstoppable, and especially when institutions enter the game.

The general bullish sentiment has never been this high, and great thing is that even the average person has turned into a bull when it comes to everything related to crypto. Bitcoin is no longer the currency of the underworld for them.

So you mean that Bitcoins could crash any time soon? Well, you know that BCH is still being valued in BTC and not USD, right?


Any damn proof or evidence to prove this?


Test? Or was it just another pump what BCH went through, the way they used to do it before?


Please share some, I would definitely chime in and see what are the evidences to prove that BCH is to take over Bitcoins. /sarcasm  ::)

And the vicious cycles repeats itself. Bitcoin could never be overtaken by a simple altcoins. Ethereum has tried but failed, Bitcoin Cash, with all the people behind tried their best, but the effort fell short. People will never really trusted any coins right now more than bitcoin itself. We may see some price dip along the way, but its also part of the game, because we can't really go that parabolic in the long term, somewhere along the way there will be some needed corrections to go to the next level.

Yes,we are back.This time Roger ver and his BCH has faced a humiliating defeat from bitcoin.Bitcoin has once again proven its potential.At first,every body feared about china's actions against bitcoin,then about BCH to replace Bitcoin,but bitcoin has proved that it was useless to fear about.But this time,when BCH price was fiercely pumped to $1,800 and bitcoin price fell down to $6,000 with thousands of transactions being stuck,even people who firmly believed in bitcoin were also shocked at first.But the BCH team failed to pump more than $1,800.So,it faced a decline in its price towards $1,000.

BCH can never harm btc because there are so many followers of bitcoin now and they will never see the fall of this coin and whenever the fall occurs investors will get unite and they will invest more to give this coin prosperity and as BCH is concerned it is kid in front of btc and those who are saying that BCH will cross btc they are mentally ill and btc has outclassed all the alts and next victim will be BCH and its near.

Its not that bitcoin has many followers, there's no question about it. The problem with bitcoin cash is that the people behind it is as shady as the coin itself. Its a knock off coins and the price jump is just a maneuver by the Chinese miners and is proponents. Its just a another coin for pump-and-dump and for profit taking but the people behind it.

And look how the community reacts, the price has fallen significantly after the dump, although its trying to make a comeback, however they don't have the consensus of our community and it will not gain any steam anymore.

To be constantly in the game, you need to be at least cold-blooded about what is happening in the market. It is clear that all price fluctuations have their own causes and consequences, but do not pay attention to it.

People who've been here long enough to experience the worst possible crashes of this market, have developed a solid form of resistance to all these fluctuations, fud attacks, exchanges getting 'hacked', hostile takeover attempts, etc. It has been a good learning experience despite all the negativity that we have gone through. From there it's quite understandable that the newer people entering this market don't know what's happening, and for that reason revert to panic selling, which obviously leads to nothing but capital destruction since people always buy back at higher levels when the market goes up again. People don't yet understand that as long as they aren't selling their coins, they aren't losing anything....

I really would not expect very much of a correction at this stage honestly as what I am seeing now is some indication of a bull run, but I would not be so certain yet as bitcoin is so much full of surprises either to the negative side or the positive side. I bet we just have to keep monitoring how things end up turning out based on the activities on the chart right now.

On positive note we may end up this November with $10,500+ and this year with $18,000+ . Yes, we are back into the game and this game will not be done until hitting millions.