I'm afraid this gap it will last a few more weeks so the bottom will be at aproximative 5000 usd ... what do you think will it reach or 8000 is already the bottom line??
Anything is possible. If you look at the chart from 2016 onwards, and draw a support line through all the lows, the support is about $3,100. The good news though is that the support line slopes upwards, so the longer bitcoin stays above it, the higher the support gets. This is going to be a wild year. |
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I am little curious now how that bitcoin is falled this much?
it rides massively and didn't looked that it will fall like that, its making me think that will it be able to cross 20,000$ again?
Is it a good time to buy or should just leave it?
I think the price of Bitcoin has risen too much in the last 12 months. So there is some need for consolidation. After more usage of the bitcoin, the price will catch up again. I am also asking why what's happening in the market now. Price has drops so much and I expected also to reach high, maybe the reason's why because a lot of fuds these days. Yes thats what I think also for the past months price has reach ath and this is the big correction though. The stock market is falling as well. People believe the Federal Reserve is going to raise interest rates again, and that means money will switch out of risky assets into safe ones (like bonds). |
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Sharing a video (sorry it is not in English but the graph is easy to read) > www.youtube.com/watch?v=YfEQTIQ9usYTriangle showing that the price is heading to $7,500, where this a strong support. Next question: reaction of the market when touching this price. Opinion (not an advice): tempting to wait for the price to get close to this support and buy. Why not just put in a series of low buy orders in advance? The best part of flash crashes is that some very low orders get triggered, and you can then sell them pretty quickly once it bounces up. |
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Japan and the USA have said bitcoin and cryptocurrency is legal. The USA even allows futures trading on it on the Chicago Board or Trade.
The only countries banning cryptocurrency are the weak ones who fear capital flight. Those who don't have capital controls have nothing to fear and much to gain from encouraging bitcoin.
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How it is possible for all of them to go down? I can not find logical
answer. If they are have different chains, different communities, what
is happening for second that that can affect all the markets and all the
coins, what is that strong?
If you do not have a clue, please restrain yourself from commenting.
I would like to see and read answers from people who might know
something more, thanks in advance.
It's down to trading bots. If bots are programmed to sell when the dollar price has dropped by a certain amount, a drop in BTC will drop the dollar price of all the alts, which triggers immediate selling of them. |
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Went as low as 7800 back to 8200 now. Pretty wild day 100 billion loss for all crypto in 24 hrs
It's too soon to say. We could have another move downwards - the $7800 line will be tested a few more times. Prepare for a wild weekend. |
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Today is the worst day for every cryptocurrency holders. Because The more than Gold Coin, Bitcoin price has dropped incredibly. But why this is happening from the beginning of 2018? What is the actual reason for this drop?
Share your opinions.
It's not the "worst day"!!! We're merely at the point where we were in November, about 8 weeks ago. December was weird and unusual, it went up too fast and and we're merely back where we were, following the channel upwards. It's not a tragedy, apart from those few souls who bought in December, who number less than 1% of bitcoin holders. |
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If a coin was a straight up ponzi, like Bitconnect, then of course the law enforcement people will move in to defend people from having their savings stolen from them in a fraudulent way.
If it's just a normal coin like Ether or Litecoin or Doge, where there isn't any pre-mine nor any false promises nor any fraud, it's not going to be banned, it's just another cryptocurrency, an asset like any other.
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It hasn't been $20 for at least 7 years.
I think they're just trying to score headlines with their "shock" prediction. The fact is, bitcoin's worth is what people are willing to pay for it. And there are plenty of folk that think it's a store of value that will protect them from the vagaries of the normal economy and investments. And that includes a bunch of well-heeled hedge fund guys...
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Sberbank is the state bank of Russia. I think this decision was agreed with the government. Moreover, there are still no clear laws that regulate the cryptocurrency in Russia.
I googled them. They're not the central bank of Russia - just a state-owned bank. I wouldn't be surprised if this was connected to the Magnistky Act which exists in the USA, Canada, UK etc. It prevents some oligarchs from doing business in those countries through normal banking channels. But of course they could by-pass the banking system using cryptocurrencyt. Some of these people are horrible - see Bil Browder's testimony to the US Congress about them: https://www.c-span.org/video/?431852-1/william-browder-overturning-magnitsky-act-putins-top-priority |
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LOL. The only thing that matters now is what Tether and Bitfinex testify to, now that they have been supoenaed.
I doubt the prosecutors questioning them will be satisfied by promises of "we're auditing but you just can't see the audit yet". They've have to produce bank accounts and statements.
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What happen if ICO or Cryptocurrency banned in facebook or other social media? Do you think it will happen?
They've only banned paid adverts. They won't ban fanpages for ICOs and other coins, because they haven't got the resources to filter their whole system (filtering the ad system is easier because the volume is lower). Then there is the free speech angle - they won't censor that, because there is nothing yet illegal with issuing ICOs and new coins. |
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I started trading crypto last year on October 25, and for almost 4 months in trading, this is my biggest profit I Made $2000 in BitcoinWhite(BTW) for just using the buy low and sell high method, I bought some on bitflip at $0.15 did not expect that this coin will reach $0.93 for just 24hrs and sold it at $0.90 I made a big profit on this coin and until now I'm doing the same method, and today earned another $500  BTW current price is at $0.5 at the moment. Great result, congratulations. What is your trading strategy? Do you trade intraday? Thank you for your opinion. Sounds like the "got lucky after months of trying" strategy. You only need to get lucky once... Most coins get pumped - the "skill" is knowing that and selling, the way OP did, rather than hodling and becoming a bagholder. Most alts arn't worth hodling - so if you see a profit, take it! |
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Yes, Samsung is more interested in business here. But this company is a global giant. They have a very strong lobby in South Korea as they are involved in producing military equipments as well as a strong player in electronics worldwide. So if they start producing mining hardwares, it will provide a very strong push towards the legalization of crypto currencies in South Korea which is the third largest market for cryptos. So it is definitely a good news especially when the crypto prices are going down globally. If we see such kind of big corporations are producing crypto equipments and related technologies, it certainly provides some strong group to fight back. I doubt they are going to be lobbying anyone. Remember that bitcoin mining is worldwide, and South Korea doesn't have cheap electricity, so the chances of mining operations being set up there is slim to none. All that has happened is that they've seen an opportunity and have gone for it - their chips can be used in other situations, so it's win-win for them. |
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India is not a big enough market to cause a bitcoin crash (remember that when China banned bitcoin for real in mid 2017, bitcoin's price ROSE).
The sell is simply people using this as an excuse to take profits, some might want to drive the price lower because they have buys lined up around the $9k mark.
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Oh well we can always go back to stashing fiat and watching our stash erode away through inflation and microscopic interest rates. Whatever you do have fun along the way. Or you can invest in the stock market and make reliable long-term returns. Or real estate. Or gold. Or fine artwork. Or bonds. Or all of the above. I know you were probably being facetious - but as the Fed normalises interest rates, some investors will stop looking for exotic investments and go back to safe boring bonds. The suppressed interest rates created an appetite for risky investments because people didn't have much choice - but that era is ending. I expect the stock market to crash as well, as people rotate out of it and back into safer investments that yield an interest. |
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There are bots that trade based on keywords that appear in the press. For example, after Brexit, there were trading bots that sold sterling every time "No deal" was mentioned in the press, and that carried on till the owners of the bots realised they were losing money and being manipulated and changed their criteria for selling.
It's the same for bitcoin - there are bots that sell if the keyword "bitcoin ban" is mentioned in the press. This is huge incentive for people to put out bitcoin-is-banned articles to lower the price. Again this will continue until the bot owners realise they are being manipulated and amend their criteria...
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"Coinbase sent an email this to users this morning warning of credit card company changes that could affect customers. Changes to the MCC code for digital currency purchases could cost investors by allowing credit companies to charge higher fees via cash advances." http://www.techvoid.com/2018/02/01/coinbase-warns-credit-card-mcc-code-changes-cryptocurrency/I got the message this morning and was surprised. I have never been one to use credit but I really think this will affect a lot of things, what do you think? The credit card companies are now treating bitcoin purchases as cash advances - which means they charge the credit card user a $15 fee. People have been yelling at coinbase for this, which is why coinbase has sent out the email. In reality, it's nothing to do with coinbase and it's to do with credit card companies. Moral of the story: don't buy bitcoin with credit cards. Wire cash to an exchange and then buy, you might have to wait a couple of days but it is cheaper. |
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and this is the pattern from 2016 to the present:  What if it really happened, give your opinion?  If you draw support lines through all the lows in your graph, bitcoin would need to fall below $8,800 in order to then break down to the $4000 level. If it hits the support and then bounces back up, it is still within the rising channel that started in 2016. |
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