Personally, ever since the price hit $6000, it was already the time to buy (at least for me) since it might be a long time again before we see such levels. Currently, the price seem to have consolidated at $7800 and $8000 and have not went under that for 3 days. If this was a bull trap, it would be over in about a day or two but nope, it stayed there as if it was its home. Hopefully this would hold, because if this wouldn't, we might see a very tricky $6000 yet again or can even go under that.
I could not agree more. I really enjoyed it hitting 6000 in sinister way because it basically helped me to buy even more bitcoins to be part of it. I am sure bitcoin will be bullish again but not now 200 days suggestion is nice. |
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I don't what they mean with most.. Its sure that coins like bitcoin, ethereum, litecoin, monero will never hit that 0 point as they are too big to fail in general. There are very low volume coins which will hit ground until 2020 for sure.
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It depends on whales and bitcoin's road. I mean we still cannot be sure if bear markets are done and its long gone. There is still undecidedness in market which may pull bitcoin price to very low prices back again.
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Yeah shit may happen. I really don't understand how people easily believe online wallets and put their money. I generally love to save my bitcoins on wallet installed to my computer with backed up private keys on physical paper at home.
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I think it is great time to buy bitcoin this month (to be sure, april 2018). We hit nearly bottom at this month and march 2018. Buyers will count how much they made over this trade in 2020, in my opinion..
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I think we already choose both. For adoption purpose we choose bitcoin because it is the best coin to adopt. Technology is there with most erc20 tokens with utilities and we also support them and its quite understandable.
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That is crazy guess. But I really don't find it impossible. Wealth value of bitcoin is very high because its fixed supply. When you compare it to basically 0 value dollar (unlimited supply) 250000 dollars is possible too. But dollar should be devalued for that..
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Market is definitely not degrading right now.. Everything turned green and those greens are really high percentages %20-40. But I cannot deny the fact that market may still degrade after this cause its very unexpected.
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I think you are completely right. Many people suggested altcoins will help us, create better economy, better industries etc. but in the end they only add up to market growth. Bitcoin is #1 coin and no other coin will take its place.
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Looks like some people were ordered to buy for quick jump and it really worked, price was pumped quite nicely. I hope it will stay around there or we can also experience just reverse of it in regret. P.S. I didn't buy any coins in that run.
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I would want to say its because of blockchain (Cause my reason for initial investment was blockchain technology) It think people prefer to invest in bitcoin because it will rise and nothing else matters to them.  |
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As far as I see someone wrote basically every coins. And its lame truth that bitcoin's huge raise would pull the trigger on altcoins and many of them raise like 5x or even more very quickly just like how crash happened.
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I think there were 2 main reasons:
1. Ethereum's ICO fate: Regulations and bans really affected icos over ethereum chain. It basically killed demand for lot of tokens.
2. Overall market bubble: Market started growing in very unhealthy way, crash was unavoidable and it hit ether hard.
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Thanks for your overall analysises. I wanna suggest you to add bit more detailed description to make it more appealing. Looks like you are guessing price to go up yet again after correction. Seems nice but long position is dangerous.
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Sadly I am pretty much aware of general manipulations made on bitcoin price. Currency without country backup is never going to be that much safe except community trust. Some people try to play with trust so manipulate the price.
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Finally ties have turned I guess. It was very quickly corrected but anyways we finally see bullish type of action after very very long time. This is good news for many investors. I hope that summer will be lot more interesting.
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I really don't understand how people easily assume that we can guess bitcoin price with broken or unbroken trends. Bştcoin isn't a stock. Its very speculative commodity with volatile nature. In this manner I think bitcoin won't drop anymore.
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I try to save most of my money on crypto right now especially bitcoin and ethereum (if I don't plan to spend for some time) My mother as far as I know still dislike bitcoin and she keeps buying USD & Gold. These are things I can say.
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Finally someone had courage to ask this question  I am gonna say YES, yes with my all heart. I never thought crypto as "get rick quick scheme" when I first invested. I considered it as new alternative digital that may help me for tax evades, anonymity (small kinds), fast money transfer overseas etc. I will keep supporting it. |
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People usually come to me and tell that they wanna sell their real estate or vehicles to buy bitcoin. I found it absurdly funny and disturbing. Bitcoin is here for you to help buying those things, you shouldn't sell your property for cryptocoins..
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