Thats how whales play from the start though, they only care for themselves so they make the price move whenever they want it to be. All of those who invest low amount of bitcoin just like me needs to just watch the market carefully and also the news so that losses will be minimized. Also, these system will change IMO once many more users notice bitcoin since it will have a good though wall against the dumps of the whales.
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Maybe it's a crash but in my opinion it is too early to say that it is a crash already. Ill say it is a crash if it goes beyond 600$ but right now it is too early. This might be just a little correction happening right now and maybe in the next few days or weeks it will rise again. Sell now if you want but the best option now is to hold and wait what will happen since there is a chance for the pump to occur.
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well, even if a new bubble starts shaping up, that wouldn't technically be the third one because there has been other bubbles, mostly smaller ones that didn't last long either. but yeah i am ready, because i have been smart unlike most people who are weak hands and i have bought when everyone was running around asking "should we buy or will it go down", that was my queue to buy as much as i can as fast as i can and i acted on it.
But you should know when to sell too. If you look at the graphs it really starts to remined the fall of December 2013. I think we'll have another big rise, and then a small and consistent fall. Eventually it will hold still at around 600 USD/BTC. yeah i sold some in the bubble at $1100 and bought back again when price dropped a couple of days ago. but i am not convinced about any similarity between today and December 2013. that bubble started out from less than $150-$200 and price fell down to $200 after and this new bubble of 2017 started at $790 and price dropped down to $800 (and a short period below $800) that is why i don't see it dropping any more. i am interested to know why you say you think there would be another "consistent" fall? Maybe he thinks that there will be another consistent fall is because he believes in the saying that history repeats itself, therefore for him what happened on the past bitcoin halving will happen again today. I don't see it dropping anymore now though too since this time I think it looked a bit different and maybe we will stabilize at this price ranges who knows only future can tell.
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Well it might be possible that I will sell at the bottom someday, since bitcoin is very unpredictable. In my opinion there are a little chance that OP's prediction will happen. If we are going 2000$ then so be it but that wouldn't be the case a repeat of 2014 might happen again since the scenario it have that day is very similar to what it have now. So there's still the chance that if we buy now, there will be losses months from now but there's also the possibility of good profit.
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Next week, there are two predictions I have for this. First prediction is that it will be stable at 800$ above and it might be the new floor price for february. Second prediction is that it will gradually rise in the coming week but there is a possibility of a dump happening again but that dip is less likely to happen if there are no more bad news that we will see next week if there is and it is major, then it will dump hard.
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For the next two to three days, I think bitcoin's price will be 850$-700$ and will stabilize at these prices and it will be there for weeks before we see another little or big pump or dump. It can also be that it might hit more than 850$ since panic selling stopped now but the chance of it happening is 50/50 because of China's regulation. Hope it hits more than 850$ though.
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For now I think is not a good time to buy some BTC since the price is somewhat high but the price now is somewhat reasonable. Also, it is not time to sell since the price ain't that high and it might soar again in the next few weeks. In my opinion, you should just hold now but if you still don't have some bitcoin I guess buy if you want but it is not a very good time to buy now.
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No one can really say if it is a good time now or not. Bitcoin's price is unpredictable, the price it have right now might be the lowest we will see this 2017 but it might also be one of the high prices that we have seen in 2017 that will be another target price again for the future holders that will buy bitcoin. Just buy now if you want too but if you don't want then don't buy now.
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I would not say that 1000$ is the new floor since it is lower than that at the moment and is 777.7$ according to preev. Ill say that we can certainly say for sure what is the new floor price right after the dumps and pumps that are happening now, and it stabilized for a price greater than or maybe less than 600$ but it will not go down below 400$ in my opinion since it is holding pretty strong to it's price range now.
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BTC in my opinion will reach 1000$ again but it might be long before that happens or it might happen just after the chinese dumping their coins because of their government. For now all you can do is to either hold what you got, and patiently wait for the price to go back above 1000$, or to sell now to cut your losses. Its your call though but if im in your place, i'd rather use that coin in altcoin trading.
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Well maybe right now, some whale is holding bitcoin as it is now and profiting from it. 12 hours from now, there are two possible outcomes we can see. A pump or a very big dump. That we will see depending on the movements that will happen in the next few hours, either way all of bitcoin holders will be happy either way so let's wait and see.
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Its just usual that bitcoin will fall from 910$ to 840$ since it is volatile. Right now, it's price on preev is 872$ and no one can predict bitcoin's price a month from now it might rise more or dump but in my opinion it will dump. That's just a wild guess though let's just wait and see what's the future price of bitcoin this will be a good month for bitcoin and it will have a very volatile price thats what im certain of.
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In my opinion that forecast most probably will not happen and maybe after the dips and pump that we experience, bitcoin will probably stabilize at a price below 800$ since that's how it always is. That being said, it is most likely that we wont be reaching new all time high soon and the forecast you mentioned op wont come true. If it were to happen though I would be glad and so is everyone and for now all we can do is watch the charts daily.
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Hitting 2k dollars now after the pump and dips that happened in my opinion is somewhat possible but the chance of it happening is slim. Right now I feel like that the same things is happening all over again to bitcoin, it was the feeling of it being on the verge of a good dump but this time it might also happen otherwise and if that happens, bitcoin might hit 2k dollars if the same thing happened all over again like it was the last halving, we might experience another big dump like what happened before.
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Bitcoin price in my opinion is really being manipulated in China. Even if they do it on purpose or not, they still manipulate bitcoin when they buy some of it and sell all their coins and they can manipulate it I think not mainly because of the meetings you mention OP since they don't need that, but because of the huge miners and whales that are in China today, playing with bitcoin's price by themselves and maybe they agree when to pump and dump all together.
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Bitcoin will not exceed its all time high in the near future in my opinion. It can't even exceed it's all time high now but the last price rise was good. Maybe in the far future, after the last bitcoin halving, it will have a value more than 1300$ but after that it will be unpredictable and it might be replaced by a new crypto-currency maybe not. Also I think many people must have stopped mining by that time since it is not profitable after that.
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BTC I think will not hit 2000 USD by february 2017. In my opinion it's price might fall down and it almost seems like when bitcoin hit the all time high. The only difference today is that bitcoin did not reach it's new all time high. It might also be other wise or it might pump and dump to 900$-1100$ range of price for now but I think its not the new low floor. We will see the new low floor after the dumps and pumps that will happen.
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No one really knows what month bitcoin will stablize but in my opinion it will stabilize 1-2 months from now at the price between 900$-500$ or maybe higher depending on the price movements that will happen. Chinese FYI don't have bitcoin's price under their control since it is decentralized. Also if you want to you can buy now and do short trades on the current pumps and dips.
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well, we are not even back to the previous price support level yet. and even with the drop which looks big to you, it is still not big enough to bring the price back to $780 which was the price before this massive rise and that is a good sign. and if the resistance at $800-850 holds and becomes strong you can expect a rise right after this resistance is formed.
I agree with you. The chances of it going up again and go to new all time high is most likely to happen. If it were to dump though, just hold your bitcoins OP and just wait for an opportunity to sell your bitcoin for a price were you will profit even if it would take years. You can also use the bitcoin you have now to earn some more if the price fall down in the next few months.
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Buying bitcoins right now in my opinion was not a very good idea, since the price is very high and it might go down at any moment now. You can just buy bitcoins later and add some to your bitcoin portfolio to have some good profit when a price rise happen. If you have bought bitcoin only for the sake of using it, It was not a very bad idea since you can just use it now to pay services but it wasn't a good idea buying now if it was for investments, altcoin trading, etc.
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