Bitcoin Forum

Bitcoin is almost touching $4,000 and it had a small rise, but the factors that brought Bitcoin down from $20,000 to $4,000 are still there.

The price of Bitcoin seems to be too high even @ $4,000, because there isn't any fundamental behind it, the price of Gold also had a huge rise to $2,000 several years ago but it dropped 50% of its value pretty fast.

Today Gold is stable around $1,350 per ounce ... but Gold is a scarce resource, a physical one ...
Bitcoin is not, it's just means of transferring money from one to another and it has lots more competition.

So these fundamentals show the price is still bearish, the small rise from $3,600 to $3,950 is probably a correction in the market.

Does anyone agree?


**All of the above is a pure speculation.

i wouldn't call anything that you said "speculation", it is only your "opinion" based on your assumption that bitcoin is useless and is not being adopted by anyone at all and is dying.

I thought it did already touch $4k as others have said? Maybe it did but it didn't hold, but we haven't seen any selling and the price remains $3800-$3900 which is a good indication. However, we did touch $20k in 2017, so I wouldn't say that $4k is high. I don't know but I grew tired of hearing bitcoin and gold in one sentence.  ;)

What's the difference between a speculation and an opinion? Aren't these the same?
You could speculate that Gold will rise to $2,000 and you can have an opinion that it will rise to $2,000
What's the difference?

There are no real difference, but the similarity are the fact that most of this is based on assumptions that are pulled from people's uninformed asses and presented as facts.  ;D  When someone "bash" Bitcoin for not being physical and hence not being worthy enough to be a commodity or a asset or a currency of value, then you should ignore their input.

A virtual asset is a representation of currency in some environment or situation. In this context, currency can be defined as either a medium of exchange or a property that has value in a specific environment, such as a video game or a financial trading simulation exercise. Source : https://searchfinancialsecurity.techtarget.com/definition/virtual-asset   (Example : Call of Duty skins selling for 1000s of dollars)  ::)

A financial asset is a non-physical asset whose value is derived from a contractual claim, such as bank deposits, bonds, and stocks. Financial assets are usually more liquid than other tangible assets, such as commodities or real estate, and may be traded on financial markets. Source : https://en.wikipedia.org/wiki/Financial_asset

Bitcoin's value is based on Supply and Demand!

not exactly.
an opinion is just an opinion. it doesn't have to be true or based on any facts. it is more like how you feel. it can be true or false but whatever it will be, it will be that based on luck. think of it as taking a shot in the dark and having the chance to hit the target.
opinions without logic don't matter and are not worth sharing.

an speculation on the other hand has to be based on facts and analysis. it has to be close to reality. so for example when you say "gold will rise to $2000" you have to have analyzed the market and checked the facts then come up with that speculation. this can be technical analysis, fundamental analysis, ... and then choose a number based on that analysis. not just because you feel like gold should rise so you chose a random number (a round number at $2000) and say it will be that.
speculations matter and are worth sharing.

what you did here is that you made a vague statement ("because there isn't any fundamental behind it") and then based on that you said bitcoin should fall!

I don't agree with you.

Bitcoin has 21 Million supply and consider those bitcoins that were lost forever. Yes, bitcoin is a means of transferring money but it has changed up to this date. People are chasing it as a store of value. You mean with lots more of competition are the altcoins? they all depends to bitcoin's strength.

You are underestimating technology.

Netscape was technology, Altavista was technology, imagine a title like this coming up several years from now:

https://www.quora.com/Why-did-Netscape-Navigator-fail-as-a-browser-Was-Netscape-ever-bought-out

Why did Bitcoin fail as a crypto currency?

Don't get me wrong - we are supporting Crypto - this is a price discussion, not whether or not the technology is useful.

I think you are posting drivel to promote your site or your signature. What does price have to do with the failure of Bitcoin as a currency? Where did you get the information to make the assumption that Bitcoin failed as a currency? Fiat currencies are 100s of years old and they are failing at a critical rate all over the world. (Venezuela / Zimbabwe etc.)

Bitcoin has not failed as a currency, because it is only in it's infant stage of adoption <being only 10 years old>   When you make uninformed statements like that, it makes you look stupid. Do your research and then come back here and post something that is backed by facts.  >:(

Get-paid.cum says, You can get paid with PayPal, Bitcoin, WebMoney, Amazon gift cards and more! ....but he is bashing it for being a failure.  ;D

Really two days ago I thought it was bullrun but today I figured its just an correction ,it would have been better though if bitcoin breaks the under 4000$ bottom but bitcoin far from failed tech

they are not two different things. they are the same. not to mention that this board is not for "price discussions".
when technology is useful you are accepting that bitcoin is useful and it is and because of that it is valuable and its price will be rising.

regardless of what you think, bitcoin price will rise and set a new ATH every 2 or 3 years whether you think it is useful or useless doesn't change the fact that bitcoin is the only decentralized currency that is offering a very unique and useful tool and its adoption is growing every day and with its limited supply the rise is inevitable.

So if I'm right, all you are try Ik no to drive at I'd that Bitcoin is probably losing its value and probably won't survive it?  It might surprise you that every little price changes matters so it's not a coincident.
It's okay to voice your opinion and get frustrated on the market though.

No we don’t believe on your opinion mate because you are only relying on what you think without good basis

Bitcoin can reached more than $4,000 since we already hit almost $20,000 so what are you talking about here?

I wish one day you will realize what you are missing here,when we reached the highest we can be

We are not against Bitcoin, the speculation of a price is not the same whether you support Bitcoin or not.

And regarding the nature of this thread - this entire forum is full of speculation, you can see every hour a new thread with headlines such as "Bitcoin will be dead", "Bitcoin is back to life" etc. - do you have anything personal against our site? or you simply just look to argue with other users in the forum?

No one said it's a failed tech.
FYI - we run 4 faucet sites based on Bitcoin, Ripple, NEM and Cardano.

We believe it's a revolutionary thing, but nonetheless the price seems to be too high (and not too low) - which is a speculation, but it could be true.

I agree, but BTC will increase very strongly by the end of 2020. Maybe btc will increase to $ 100,000

From my own point of view the resistance at $4000K has to be broken for us to have a remarkable bullish runs else the market will continue to range back and forth while gold as commodity is quite different from  bitcoin gold is very volatile compared to bitcoin while bitcoin market has a lot of speculation spread across the system of which in most cases the rubbish those predictions.

Very much disagree that the Bitcoin price will not go beyond 4000$.
You even said so yourself the price was 20,000$ so whats with the negative speculation?
You sound very bullish on gold and are probably right about the correction.

Cryptocurrencies were completely speculative in reality, and the same is the one that drives the price experience fluctuations. Already price has gone above $4000, while at the same time gold is on its uptrend with stable growth. Once gold was volatile, but now it has taken a stable value, but bitcoin isn't the same it is completely technology backed. As of now we need more support to be above $4000.

I respect your speculation or shall we say opinion, because we do have our own views towards the future of cryptocurrency. But as what I have noticed since the price got out from $3.6k, It didnt suddenly fall back, instead it stays there for more than 48hrs. I dont know which fundamentals youre looking for to believe the capability of Bitcoin to break the price of $4k. And gold is a totally different asset from Bitcoin, plus Bitcoin has a very high volatile nature than Gold.

Making a poll would help you to know if how many would agree.
BTC has maybe touched $4,000, which sites you are using as your reference?

it's not a big deal to me, I know one day it will touch over $4K, the patience will remain and we have the full year to do that.
The bull run may come now or not but I'm hoping this year we will see a real bull run.

In case you will add a poll, count my vote as no.

There is no option to add a poll, how can we add it?

What are the factors that brought it up to 20k then? And why won't they happen again?

I don't agree also that bitcoin is useless and not being adopted. Day by day, the number of crypto users are growing and more merchants are accepting bitcoin as their payment method. I do not see bitcoin as useless, because it has change my way of living. One example is paying your bills via bitcoin payment. No need to go outside and line up to pay your bills. And many more... And with that being said, bitcoin can easily surpass the $4k mark.

if the bitcoin whales by back their own token, and can trust into their army of "hodlers"

they could indeed and then make everyone told "hey look we have so much money"

in order to attract idiots bringing them hard earned money.

thats what they want, attracting working idiots so called "earners" to gamble their "savings"

regards

just because the price "number" has 4 digits , it doesn't mean the price is too high. there are assets in the stock market that are worth more than $300,000 and nobody is saying the price of them is "too high".

you can only say it is too high if you can prove the intrinsic value of bitcoin is below the current price which you clearly can not.

I don’t think that bitcoin is useless and isn’t any fundamental behind it.
Compared to gold，bitcoins also a scarce resource,  its total supply is 21 million.it is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries.
the price of bitcoin will reach or past its historical highs in a few years rather than blow the $4000

It would be better to talk about these reasons. Indeed, I wondered about them. Because there are always these reasons and will the prices never increase due to them? Staying connected with reasons does not always work in cryptocurrency, already most of us know it since 2017.

yes，it make sense.

Wait for more results mate before you saying anything that can cause and affect on this bitcoin small progress.  Indeed you have no strong evidence that can prove about your statement so be quiet! Stop making false speculation especially if you don't have reference about it.  It's useless. Lol

bitcoin will fly to the moon，Lol

that's right, bitcoin has experienced a long correction since 2018, and the increase in bitcoin now in my opinion is a good start for the future, hopefully the bull market will come after this

Well I just hope that your prediction or opinion about the stability of bitcoin market price will goes wrong. I would like to see bitcoin go high and this is the very common thing also to an individual getting involve in cryptocurrency. I doubt that it could stabilize just basing on gold history. Reminders gold is different from Bitcoin.

Might be you find one more goldmine or get gold in the treasure hunt. How you determined it as a scarce resource? We have no idea of definite supply of the gold.
You look pessimist in btc price but btc is not all about the price only.



Here comes over optimistic.

Finally, the price reaches $3900 in this day, and soon we will reach $4k and take a breath for a moment before increase higher. But I am worried if the correction for the price will get down too deep because we are still in a not good position this time. But many of us want to see bitcoin price can increase more than $4k this year and they hope that it will happen before the middle of the year.

Come on $4k is not an impossible price for bitcoin. You could even say it's very cheap to present bitcoin at this time. prices can rise to $4k at any time. even much higher, so you're just speculating about this, I dare guarantee the price will definitely return to $4k soon

It seems to me that you do not quite understand the concept of deficiency. Anything can be deficient if demand for it exceeds supply. If someone starts buying up all the shit in the city, then it is quite likely that deficiency may arise on him. The value of the goods is determined by the demand for it from the buyer's side. Therefore, it does not matter that it is gold or bitcoin. If Bitcoin remains with a limited number of coins, it will be even more scarce than gold now, since the Bitcoin limit is already known, and new gold deposits are discovered every 2-3 years.

I would have loved if you backed this write up with a technical analysis to prove this. We have seen a lot of correction for the past months and now I don’t feel there will be anymore drop even as people are saying it will happen. But we wil remain optimistic for price increase until other wise.

It's not far from 4000$ at the moment but it looks like it's reluctant to cross that value. The other day price begun to rise rather quickly but then stopped and now like is moving back and forth but not over 4000$. I think the price will rise further but untill it doesn't cross 6000$, 7000$ again I will not say that market is recovering.

Lol, he is entitled to his opinion so be it. No one is forced to listen or believed it. And as you can see everyone is not agreeing with the OP.

Anyhow, let's see, the price is almost at $4K now, the last time I check, only a just like $20, so it's really achievable.

I'm not sure about the gold comparison, bitcoin has it's own path to make and we don't need to compare it to other assets, specially precious metals like gold or even diamonds.

Comparing the sole purpose of Netscape and altavista to bitcoin, you know that their use are different to each other. Are you sure that bitcoin already failed as a cryptocurrency? Well, this isn't new when someone says that bitcoin failed as a crypto or it has died.

It has been said many times.

"We are supporting crypto" then why ask why did bitcoin failed as a crypto currency?

don't worry, this year is still so long, and just started. when people say that the price of bitcoin won't reach $ 4k or more, that's not necessarily. even now there are only a few more until the bitcoin price reaches that price. I believe the price of bitcoin can still be much higher

Bitcoin already breached $4k at one point.

I agree with the fact that the markets are still bearish, and that I expect prices to correct in the short term soon since there simply isn't enough evidence to call this a bullish breakout yet. But I do think that there is a high likelihood that we will get to $4k within this stretch of rallies.

I doubt that looking at gold is a valid comparison since bitcoin has historically not really shown any tangible link to gold price, and I actually think that the fundamentals and potential of bitcoin is much better than gold at the moment. Also, short term price is mostly dictated by the emotions of the market, and I think that there may already be some element of FOMO in this rally already.

Actually the small rise is a correction in the market and I do agree with your views but bitcoin is too valuable to remain below $4000. I think bitcoin is far important to our society than gold!  People create value for gold and the same people are creating value for bitcoin.

You say the price is "too high" but neglect to say what a fair price is. Everything you say could apply at $100K or $100 and everything in between because they're just perma bearish statements about the fundamentals.

FYI, perma bears have been making statements like these since ~2010. You know what the price was back then? ;)

I understand where he is speaking from and if you check it from his angle, you will see that he is actually making a point. In 2017 all altcoins in the crypto market followed bitcoin trend in terms of price, once the price of bitcoin goes up, altcoins goes and vice versa. If you also check most of the crypto exchange, they set prices of altcoins in bitcoin/sat.

Maybe in the later future altcoins will be stand-alone but for now they still depend on the price of bitcoin, you can make research if you have doubts.

Only $50 more to reach 4k dollars per bitcoin and it will really happen for sure because it good and nice movemenr of chart now.
People don't who don't have bitcoin for sure it will not believe to bitcoin because once the bitcoin increase they will not profit they are envy to us.

I dont think BTC and gold are that similar but they are both inverse to Dollar strength so I guess thats why they get compared.     BTC is more transactional then gold which is held as a hedge by some and an actual monetary assets by some banks due to its inert nature.    BTC isnt inert, its actively being developed so they arent close in comparison over long term.


I dont find anything wrong with this rise to 4,000 and the way its sticking to the ceiling, or the resistance of 4000 seems quite positive to me.    I dont know the time frame for it to develop but I would expect 4,500 and even 6,000 but I dont think we get to 6000 this month.   Most often we have to shake out people before a bigger rise.   If people decide to be bearish at 6000 then after that rise, I will disagree less then now

But is sad that it turns back few dollars away for targeted $4k. May we could say that, this not really the start for bull runs, it its just hypes and usual market fluctuation, so we can't expect continuous pumps for this quarter. But still we should be positive and I do believe it will be fined the in the coming days. 

Bitcoin is still running and moving, and this shows that bitcoin is trying to be a good transaction tool online. Bitcoin performance is undoubtedly even though the wheel is spinning but the value of bitcoin remains the best, slowly but surely bitcoin will be able to achieve its goals, we will be able to see that bitcoin is indeed a fast transaction tool that is effective and valuable.

In case you guys wondering if Bitcoin could really break the $4k mark. Actually it did, 2 times today, maybe it happened so quickly that we didnt noticed that it actually did.

Take a look at this chart.

https://framapic.org/QE3H7M2u7Ini/gHrgTTrwgMzR.png

It may fell back a few dollar, but I am hopefull we could break through $4k slowly.

traders must be able to remain patient waiting until prices recover and as much as possible do not sell at very cheap prices because the price of bitcoin can potentially be very expensive and even beat the price of gold because the influence of a very limited bitcoin supply can also be a trigger for the high price of bitcoin.

At times it easily cross the round point values, now it seems to struggle hard to cross $4000. Much closer to $4000 is observed on the CMC, now it is at $3992. From my view when it go beyond $4000, we can soon expect good increase in the value reaching $4500+ at the shortest.

The fact is that in the Bitcoin World there will never be an easy thing to predict, anything can happen. also when the Bitcoin price will reach 4,000USD. This is very possible because the price of Bitcoin can reach more than that price, even before the price of Bitcoin once reached the level of 17,000USD. So everything can happen and we will all reach a much higher level than 4,000USD.

Indeed predicting crypto is not easy but we certainly continue to hope that bitcoin will reach more than $ 4000, and maybe a few days or the next few months will score a high level. More market demand will increase the value of crypto.

Bitcoin crossing $4000 will happen either today or tomorrow.  I think bitcoin is going to recover and remain in bull trend for some times.  The event that lead to the downfall in pricing of cryptocurrencies is still there but that did not mean that bitcoin will not recover over those issues and for those that think that bitcoin is overvalued,  I don't Think that bitcoin is overvalued and the current price is not the best price.

Bitcoin already surpass the price of $4000 and I think there is chance the it will continue on increasing where it will hit the price of $5000. I still keep on thinking that the bear market will end in the few days or months so I already bought some amount of bitcoin and ethereum.

Lol, this topic did not aged well :D. It is above 4 thousand dollars (even while he was writing this it could have been above 4 thousand I suppose since its about 24 hour old topic). If you are a person who think bitcoin can not go above 4 thousand dollars or at least think that it can't be sustained over 4 thousand dollars you are underestimating the money poured into bitcoin.

The technology definitely worth it but also the hype and interest from the public what makes bitcoin what it is today. There are more people interested in bitcoin than ever, there are more whales interested in bitcoin than ever and there are certainly more companies funding crypto companies than ever. These all come down to more attention to bitcoin which results with buying more bitcoin that increases the price.

If you are certain what took the price of bitcoin down from the peak to $4000 and what makes you think that what factors gives them the current valuation if it is just not have any fundamentals, i would like to hear from you. :P

What is the use of gold rather than a shiny metal, it cannot be transferred easily and it is not that easy to cash out either and it is difficult to mine but it is unlimited in nature because of new mining sites being discovered every year if you are not aware of it.

I am not expecting the rise to rally now, but we will see the recovery eventually, even if the market correct themselves now, it is not a big surprise as no one is expecting any big rally any time soon.

I think it's still an unstable increase. when viewed on the coinmarketcap, we can draw the conclusion that the price has not really passed the price of $ 4k. in proportion, the price of bitcoin is still around $ 3950, and maybe in the near future, we can see the price of bitcoin is stable at that price.

there is quite little difference folk. speculations are based on some gathered information through word of mouth but have no real and tangible basis, thus you assume this is it while opinion is just how you view a certain matter or situation personally base on your own belief. One author said that opinions are the cheapest commodity on earth which is true  ;D. So both speculations and opinions are free and its up to the people who hear if they will believe them or not.

Currently it is even look like impossible that bitcoin price reach back to $4k levels with this rally. It seems lots of people are booking profits around $3900 levels and trading volume is significantly getting reduced.

No doubt bitcoin has now become a popular crypto currency, people have invested a lot of their money there. We can only expect that now the time is that bitcoin price will boost again and will hopefully reach back to its previous high price. I even hopeful that this time bitcoin price will very soon cross 50k. We just need to wait a little and hold our coin patiently.

so is bitcoin
the scarce resource in question is a valid private key which is a mathematical proof of ownership
mathematics are as tangent as the Au element, both are part of our empirical reality

Sorry to say, I don't agree with you. Because in my opinion, Gold and Bitcoin comparison is irrelevant here. Gold price down, it is physical and bitcoin is not. Yes, it is right. But you can't avoid the technology works behind every transaction on Bitcoin. Blockchain will have a bright future, the technology will come to light widely gradually. Bitcoin price did not hit 20K USD in a one day! Before that BTC price was 500 USD then again below 100 USD then again 1100 USD then again it came to 200 USD! So, from 20K to 3K USD happened and it can go from 4K USD to 30K USD anytime. So, I strongly believe that the BTC price will go above 4K USD very soon!

The recent increase is not just a correction but the whole recovery process has began  it started gaining value from $2500 to its current market value. I don't believe Bitcoin value is too high at $4000 because no one can tell exactly the stable value of Bitcoin.

What exactly are the factors the brought Bitcoin down, isn't this factor was there when Bitcoin shoot from $1xxx to $19xxx in a matter of few months? We all know that these factors exist from day one of the existence of Bitcoin and under this factors, Bitcoin pass $4k level with ease before I can't see any reason to why Bitcoin can't do again without any problem, sooner or later it will happen.

I personally fell that with the direction that it is going,  there is a possibility that it may hit $4000. A price dump may not come from a panic sell but I fear that any dip we might see might be from those who want to enter and catch out quick.
And moreover,  if it hit the price of $4k, reaching $5k might not take too long.

Btc already hit 4000$ this week  and i hope it will continue to go up till 8000$ so that it will lessen the anger of those who bought btc @ 10,000. But no one knows where btc is heading,  lets hope for the quick recovery of bitcoins price.

Quick recovery of prices always out us in danger so it needs to be slow and promisale growth to stay there ad reaches the next leve,I don't know were we are heading from now it maybe $8000 or $20000 by this year but what I always remember myself is keep holding because oneday the price of bitcoin will reach more values that we are not imagining it now.

you mean to say that quick recovery is bad because you think that is only a trap ? no bro recovery is a recovery no matter how fast or slow it is  . recovery is a good thing because that only means that many people are now pouring their cash again on cryptos  .  its also good because we can now take advantage of it by selling our assets at a possible high cost  . after i forgot  ,  i disagree on the title of this topic  . btc did already reach 4k and it can surely surpass that level pretty easy  .

Most of the time sudden change in the price caused by a whale so do you think they are doing this without any intention?

I am afraid at these conditions because the prices may dump more than the previous bottom price in the situation like these.

bitcoin is one and only 

watch for halving

price will follow up for sure

Bitcoin has not yet reached $ 4000, but with the developments that occur, it will be able to reach that value even more.
The market starts to improve and provides many positive developments so it will pump even though it's slow.

We will see that bitcoin will reach $ 4000 in the next few months, at this time bitcoin is over $ 3900 so optimistic that bitcoin will be more than $ 4000, time will prove.

You can't actually bring forth the example of gold here

As it was not so much gold rising in value back then as the American dollar going down in which gold prices were and still are mostly quoted (or rather due to expectations of its massive devaluation following the QE rounds run by the FED). And when the dollar stabilized a little and the negative sentiment changed, the gold price accordingly went down to where it had been and should have been

Further, there was not much of the fundamental element at play in Bitcoin rising to 20k in the first place (which you seem to inadvertently omit from consideration), so technically there is nothing that could prevent it from rising to these heights once again on just hype alone, fundamental factors being irrelevant. When we are talking about speculative assets, price is mostly random anyway and can be any for that very reason

It will not only cross 4K but also 10k in coming months so those want to buy it is a good time to own the good coins at cheap rate before the prices boom in the bull run which can start soon as it seems .those who want to make money will start investing in it .

I think this is not the right bitcoin bullrun I think is at the year's end of this year

Like op stated in his opening post:

Every prediction about bitcoin price is pure speculation. I`m watching how McAfee is talking about 1 million price for bitcoin, and he set a date for it again, he is pointing out that only he makes predictions with exact date.
I read positive and negative predictions, both kinds can be found across the internet, but in the end I have my own prediction and my own strategies for trading and long term holding, and that`s my advice to you all, listen and read others but make decisions by yourself.

Those factors that always interrupt when bitcoin gradually getting value will not disappear pal to be honest because that's how the market play nowadays and since bitcoin surge to the top .wherein there is always a blocks that trying to stop the growth rate time on time without knowing.  That's why some true investor and holders here understand the situation of bitcoin and always didn't panic because of being always ready to protect their portfolio.

Yeah this kind of speculation makes prices fail and stops to rise. because it makes a lot of people afraid and hesitant to buy, but in my opinion as time goes by, speculation and the wall will definitely be destroyed, I hope the current price can exceed more than $4k

i think bitcoin price depends on the presence of buyers and sellers or it can be said that depending on demand and supply available, when the supply of bitcoin is very limited and it is increasingly difficult to get bitcoin the price will be very expensive and certainly many people will be looking for bitcoin.

Time will prove but we don't need months to go over $4,000.
If the dip was already in then I think it would not be hard to reach $4000, with the continued good news in the market, it will build
some confidence that bull market is back and will easy reach even at $5,000.

Remember that we were once stable at $6,000 for awhile, it did just dump to $3,000 and that was big, hoping this time onward
we can go back to that price as I feel it should be the right market value of bitcoin now, we are just oversold.

So we're enjoying a few good hours now above $4k, not sure if Sunday will see people push forward and move to a slightly more comfortable zone at just above $4,150.

This doesn't mean you're wrong, though OP. Volumes will encourage the buyers, and performance of the top 5 will also give them some heart, but sellers are patient, and there's going to be quite a bit of profit taking from here onwards, whomever bought the 3300s see this as easy 20% in just a short time frame, and they'll be bound to expect and motivate the correction.

It's posts like these that I really want to see more of. Bulls just won't die.

Well, speaking of the devil is that it just pass $4k and hit $4.1k today.

Could this be the start of the bull run? I still don't trust this because somewhere around $5k below it will going to crash again back to reality. They just couldn't pump it just because of the JPM cryptocurrency hype. I still have a question of why Bitcoin suddenly pump up.

All above is pure bullshit. You made 800 posts on this forum and you have zero ideas what Bitcoin is?  You dont read the forum? What are you doing here then?  Bitcoins yearly mining emission will go under Gold yearly mining inflation next year. Bitcoin will become more scarce then.

It's too early to say. Remember that we've already experienced something similar back in December, a bounce from 3.2k to 4k, and what happened? We went back down again.

How do you know that? And what exactly do you mean by "back to reality"?

Let's not bring JPM into this, let alone their private coin.

Probably some whales trying to trigger a new rally, we'll have to wait and see if it actually works.

Very bullish so far, its above the 8 day average so its a good responce to passing the 50 day and staying with that momentum short term.   I think this area is a good target but ultimately I was thinking about the 4500 area

https://i.imgur.com/d03ciMy.png

Longer term there is a bit of a gap between 4500 to 6000 area.    By gap I mean the space in volume left when a price moves rapidly and less people participate in its movements.     I think they call this low confirmation and volume being lower also means its easier to pass through it upwards as well as the previous fall.   The ironic twist to a quick fall is a large possibility for bullish action later in this area.

However!  before that I think 4500 is the top for this moment, for this month perhaps.    Ideally I want to see 6000 challenged properly but not expecting it immediately, we shall see

Absolutely, simple economics wont lost you in terms of supply, price, and possible range of demands.

Anyway, I just came back here just to tell the OP how he was so wrong in so many levels or shall we say how he understimated this technology.

When the price of bitcoin increases, it becomes evidence that bitcoin is still used as a very attractive investment for investors. the issue of JPM can indeed be regarded as one of the actors increasing the price of bitcoin at this time. if I look at the market trend, I am optimistic that the price can exceed 5,000USD. We have all passed a fantastic Sunday at the moment, there is a big chance that might happen next week and I am very optimistic that prices can reach much higher and we will all feel lucky as one of the owners of bitcoin and other digital currencies.

I think we should be positive about bitcoins and those who say negative things about bitcoins should be ignored. We have seen bitcoin crossing 4000$ now and with passage of time it will grow further.



More than the demand, it depends upon the news. If there is positivity in the market and overall good news are coming about crypto, it will surely make bitcoin volume and price rise.

I was looking for the told you so's on this thread because price did pull back a bit in recent hours.     I think thats normal action based on profit taking, its not an indication overall as markets are never that simple and predictable to move in just one direction for very long

https://i.imgur.com/r8sVgqn.png

So the bullish trend short term would be about 3850, if it closes / confirms  above that before day end its fairly straight forward profit taking I think

And so btc is down again at 3850$, after reaching 4200$ for almost a week ,it goes down in just seconds. Thats the risk when buying  coins and why some are afraid to buy bitcoin even the price is low.

I think you are underestimating our group, who has been running our site for over 10 years now.
We have a very good experience with market manipulation.

Can you explain how Bitcoin went to $4,200 and dropped to $3,800 so quickly?

Do you still believe we were wrong?

Thanks for your lack of faith in us.

I can't help thinking that you don't exactly comprehend the idea of lack. Anything can be insufficient if interest for it surpasses supply. On the off chance that somebody begins purchasing up all the poop in the city, at that point all things considered, inadequacy may emerge on him.

The estimation of the products is controlled by the interest for it from the purchaser's side. In this manner, it doesn't make a difference that it is gold or bitcoin. In the event that Bitcoin stays with a predetermined number of coins, it will be much more rare than gold at this point.

Exactly! When one thinks or speculates that bitcoin price will not go above $4000 and after few days it did surpassed the price but only to dump heavily back to below $4k in a matter of seconds. This is actually the risk in crypto.

If you look at the price now, that's what i mean with the reality. A "bearish market"

Yeah, whales are always in it every time there are some big changes in the market. We couldn't think anything except for those big rich people who can easily change the trend of the market with just a single button.

A clear sign of bull trap has been revealed finally, most speculators predicted too much from it when it is just actually pumped for a week. Anyway, i've never expected too much about of pumping, i'm more expecting of when it would drop and then suddenly here it is back to $3.7k.

However, the market can not be predicted. As you say that there ia no fundamental formula behind the hike, how it was possible in Dec 2017 for bitvoin to reach its historical hight? And you need to look the growth trend as well. Its almost travelling from $3500 to $4000. I am sure, the market is going see drastic chanhe

Im not even questioning the capability and the length of service of your group. And yeah I believe you are wrong, read your thread title again.
Before I answer your question, can you explain as well how Bitcoin price sky rockets to almost $4.2k yesterday?
Because your thread title suggests differently.

Bitcoin rose above 4k shortly. Then it corrected. I think we will be in a declining sideways correction for a while. The whales need time to get their bankroll up higher. This nice sideways travel is very good for day traders. It seems like we will stay in this area, or continue a decline. I would love to see 1K or below. Otherwise the 4k to 1k market area seems more plausible than anything for an extended period of time.

Bitcoin does experience sharp price fluctuations so owners wait to make trading decisions whether selling or buying.
I personally expect the price of bitcoin will continue to fall slightly, after starting to rise but not too sensational, until the end of 2019 prices were in the range of USD 5,000. That's my personal opinion.

There will definitely be a change, crypto will never be stable because crypto really depends on the demand factor. When more people need crypto, it will increase the price of Bitcoin and when more people start leaving crypto, it will make crypto prices decrease. So when we all want to be in a good phase, increase the use of crypto / Bitcoin much better.

Exactly! Spreading awareness and properly educating the public of what Bitcoin is can greatly help gain trust and help increase its demand. Due to wild swing of the market, there have been speculations and divided opinions around. It could be very hard to tell as to how long will it take for the market to recover, and it's not also safe to say that it can't go above 4k because market keeps on moving uncontrollably. Stay positive and be hopeful that we all can be successful in this world of cryptocurrency.

More the demand, bigger will be the price of bitcoin. Right now the growth of cryptocurrency market has been found all around as more people have been accepting the need as well the technology associated with the same. Bitcoin will grow up crossing $4000, but some people are negative about the same expecting the price to fall low for $1000.

Nah, we really don't need spreading awareness, bitcoin will do its own thing.

Bitcoin has been in the media for the past 2 years or more, specially when its peaked in 2017 so I'm sure a lot of people are already aware of it. It's awareness grows strong that during 2018, lots of government around the world has taken a stance against or for bitcoin.

$4k is nothing when the market goes on another bullrun, it's just a question of when it will happen.

And whether it will happen at all

Though I agree that it is not a good idea to "spread awareness and properly educate the public of what Bitcoin is" because in real life it will most likely come down to persuading people that Bitcoin is worth investing in (as its real use still sucks). But if someone gets convinced after all and then price goes against them, it is going to backfire massively (with all kinds of accusations following). So let's allow Bitcoin to do its thing on its own as everyone here is on their own (at least, as far as investing in cryptocurrencies is concerned)

This looks like a reverse psychology for people who thinks bitcoin is not going to rise again. It was just few days ago when bitcoin hits 4,000$ mark and it's giving a little morale for bitcoin/altcoins hodlers at least. So it's better to hold on your cryptos for good than selling it at a losing price.