the current condition of the price of bitcoin has been very difficult to predict and the price of bitcoin moves is uncertain so you should take advantage of any movement that occurs in bitcoin.
Lol. You think that's not what people are trying to do? The thing is that you really can't make any specific anticipations in this market. A lot of hopes have been dashed because they believe in other people's predictions. |
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Just wondering guys, you were all so confident we were in a strong bull market and would break 10k easily, looks like the opposite is becoming a reality and we're heading straight back to new lows.
New lows, i don't think so. But a lot of expectations oncr again has been crushed lol. I think that's just how a lot of people react to volatility. When the market rises a bit, they'd expect a bull run, when it goes back down they'll say it's the end of btc lol. |
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As we approached sub $6k and actually hit $5.9k... we see another huge pump to $6400. Impressive, a $500 dollar move up just like that, on a single candle. Someone bought a pretty decent amount of coins.
The theory of how that $5k-6k price range is the diamond solid ground in which miners will never let bitcoin go below is shaping up. Governments want to take the price down and tank it so they can buy it all but someone (maybe rich miners and other whales) keep using that range as the reverse point. Let's see if it holds. We have touched this same point so many times that the theory might be right.
Looking at how the price moved this year, i think there's logic behind what you said dude and probably that's why all these speculations indicating that we'll bottom out at 4 or 3k isn't that valid. Whales and high holders have the say in this kind if market. |
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I don't think it comes down to ETF. I think it comes down to whether or not there is a major bull run ('moon') in December. If there isn't, then I expect confidence in Bitcoin to reduce dramatically. The price might then reduce to closer to the fundamental value of Bitcoin, which I suspect is a lot less than what it is selling for now. Yeah right. those who are trying to recover or wanted to lessen their loses are now cashing out, not really sure what would be the next pattern
to follow in order to gain something inside the volatile market like this, if you are a believer then buying is very essential but if you are just
riding with it better to wait for some time.
I'm not sure that anything like all of those who were avoiding losses are cashing out. I think there is a significant population of hodlers, even among those who bought in at a higher value and are currently in the red. Yes there are still a lot of people who are currently holding their coins when the market price is dumping because they are well knowledgeable about the market and they know that it will grow even more in the future. They are wise enough to think like that because all we need at this stage and to go out of these situations is to buy more and to hold tightly that will enable the market price to activate and follow the increase trend. As long as we are selling in low market the price of Bitcoin will fall again and will not encourage or activate it to go high so follow the solution for it and invest more. Well in general, the market's situation right isn't one to make you think about profit. I mean, yeah it's acceptable to think about minimizing your losses, but why minimize your loss when you have a chance to gain simply by continuing what you've done for most of the year which is to hold tight? |
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No, I don't think bitcoin is game over, I just think of this as a time to take a break from the game. I still believe bitcoin will be able to bounce back and provide benefits.
Come on! We should not think like this irrelevant stuff for Bitcoin’s ending. It has high potential and strength that can achieve any target but the problem is people think and make decision for its end after noticing any decrease or decline in value. Making decision like this can not come true and such thinkers have got the answer many times in past by observing deadly recoveries of Bitcoin and now situations have become more stable. Well there are people who are against btc from the very beginning and these people are likely the ones blabbering about btc ending or losing value. We all know btc's potential and how it will spearhead a crypto revolution in the years to come. |
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There's a long crypto winter ahead of us. No point in buying now for the long term IMO.
?? no point of buying for the long term? you are HIGH or something ? its the only point to buy BTC for the long term.... offcourse every day askink when MOON when this price why that dumb when recover etc is pointless cause nobody does know whats going to happen ,but when youre willing to invest in BTC than buying DIPS and low prices or the thing that you wanna buy if not than maybe its better to look for something else and never look to BTC again ........ Well they did say now, which suggests they expect prices to drop further. Buying the bottom is better than buying the dip, just much harder to execute, so I can understand where they're coming from. I personally believe we haven't seen the bottom yet, but I do dollar cost averaging anyway so I guess it doesn't matter. Well nobody would actually know where the bottom is, but the support at 6k would probably hold quite well unless of course something big comes up like an etf denial this december. Guess we'll just have to wait and see. |
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There is no basis to panic and send FUD across the market, from the technical point of view there is a strong support at $6000 to $6100 and its obvious the price at already re-bounced at the support there is no possibility of the price dropping below that mark and down to $4000 this is not viable.
Right. And i really think we've already bottomed out at 5.8k so the 6k support would probably not be broken. Unless the etf ends with a decline or the results would be moved to a later date again |
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I think it's starting now already. The bulls will be here in a couple of weeks. The price movement that seems to go up already is a sign that the price is starting to go more and it will be reaching double during the first week of the last quarter of 2018.
Lol. Expecting too much dude? We've had a couple of surges that's even higher than this but were slapped by the market's reality. The bulls are probably not going to make a move until later this year, if they even come. |
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My opinion is that 2018 will be the year of growth of bitcoin. More and more people are coming in the world of cryptocurrency. And this means the growth of not only altcoins, but also bitcoin.
I think that the best answer to your question will be a simple review of the carbine. It seems to me that in 2018 one should not expect any growth of the crypto currency in general. As long as Bitcoin's demand on exchanges does not return, the situation will not change. Well there still is growth in terms of awareness but i don't think we should expect the same movement as last year. This year so far has been a year of corrections. There are of course a few sparks of recovery like last april but we've been more on the decline. But that doesn't mean anything like a downfall or something. And we haven't even been on the last quarter where the bulls usually make a move. |
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I will not buy this prediction as it's too much for this year. I know the market needs a recovery but hitting at $50k it just too ambitious or me. I'm good to reach again at $15k and continue the journey next year.
Yeah i think that's a lot more reasonable and realistic than 50k lol. Imagine, last year's 20k run brought us to this point of dispair. A 3 month run to 50 can have a disastrous effect when it corrects itself |
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I bought some bitcoin in March 2017, sell half of it in Dec 2017 and hodl the other half since then. The current downward trend seem to last for a very long time and I'm quite upset about it. What do you guys think? Should I hodl or sell all my BTC now?
The 3rd quarter will almost to end so i suggest to keep on holding your Bitcoin because you have already waited for a long time since January so better to continue waiting until this year would end and lets see if the predictions by most famous cryptp experts might really happen as desired. Yeah, we are already reach the last quarter in this year and based on the last year, the price can increase so high but it seems not, the market crashed so hard since last week. I hope it will be the same like last year though, all cryptocurrency price increase, let's hope together at least the crypto market back to the green in the end of the year. Well you've already held on for this long anyways, why not hold a little longer to have a better position to make profit. Historically, the last quarter of the year is the time when the bulls make a move. You don't want to sell before that. |
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this is because the prices of altcoin, especially ethereum, go down too far. it makes bitcoin dominance back to 50%, more precisely the domination of bitcoin has reached 53%.
Well the market in general is following a downward trend and people may be thinking that btc would be the safest option for now. Considering how much the alts dropped compared to bitcoin. |
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The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
Until this year would not end then i'm very optimistic that Bitcoin will be in All Time High again. I believed that this constant price decreasing is manipulated so that the big whales could start to pump Bitcoin price again at a lower price so that they could gain enough if they will buy it low and sell it high again once the Bitcoin will reach the ATH again by this year. Well the manipulation is there but the current holders i think are long time btc users and they're fully aware of what's happening. That's why panic selling won't be as rampant as a couple of months ago and a drastic decline below this year's all time low would also be unlikely. |
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The price of bitcoin can be within the range of $5k but won't be going below that. The fluctuations has been struggling between $5k - $6k, and this will be its lowest deep.
Let's see. The bottom for this year is around 5.8k which is quite safe from going below that 5k mark. I also don't think we'll go that low since bitcoin is showing resiliency at it's current value. And i don't think it will sit well with many people have a more than 75 percent drop. |
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Bitcoin is a very influential coin in the world of cryptocurency, so I think cryptocurency without bitcoin might not function as it is now and is very popular.
Actually Blockchain technology is the most influential behind the creation of bitcoin so cryptocurency can be popular until now.
I believe cryptocurrencies can still be able to stand without bitcoin around but i think it's kind of a hard situation for crypto people especially that they're already used to it and always look into it whenever there is a change in cryptomarket's status. It will take time. If it were to happen today, where btc would be gone, then alts will have a hard time since a lot of things rely heavily on btc, including most convertions. But given a few more years, the crypto market will very well be able to stand on it's own sans btc. |
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of course gold and silver can be bought with bitcoin but not in all places, only certain places can accept payment via bitcoin. if it's easy to find payments via bitcoin to buy gold and silver it will be very helpful.
Well anything can be purchased with btc if you think about it. It depends if you can find the person who accepts btc as payment. And soon it won't be that hard to find someobe in the community that has what you need, whether gold, silver, gadgets, properties etc. |
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If the supply of Bitcoin is fixed and the mining continues to scarce it, the transaction cost of Bitcoin will certainly be higher. But I think that's because of demand. As long as someone continues to chase Bitcoin, the transaction rate will be higher.
Actually, if you look back just last year, the drop in transaction fees are almost comparable to the drop in btc value lol. A lot of aspects can be seen to affect that. First would be the plunge in price, segwit and lightnijg network as well perhaps. |
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August 13: Crypto markets have today failed to sustain their short-lived recovery, with Ethereum (ETH) plummeting to a multi-month low below $300 and only a scant few altcoins spared from the widespread losses, as Coin360 data shows. Bitcoin (BTC) is seeing only minor losses on the day
Well i think btc has already hit bottom at a little below 6k so i don't expect there will be any considerable drop for it anymore. Probably will play around it's current value with dips and rise but nothing drastic. |
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I honestly believe that there is huge potential of bitcoin. Then why quitting? Thanks to bitcoin, i gained a lot of things and my life got better somehow. Just because i had a worse year it doesn’t mean that i should stop believing in btc and cryptocurrency.
That's true on why we quitting on bitcoin of which we can earn enough for getting some bitcoins. Because of bitcoin my self has change using bitcoin is that chance for me to become rich if that will happen. Well obviously the guy doesn't know what he's talking about. I don't think any alt will overtake bitcoin any time soon or even in the next 5 years. Though alts will eventually catch up, btc will still grow and will attract more and more supporters than it has right now. |
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It will ultimately be positive but I don't think that will happen in september so we will probably see a long painful bear trend.
Well i don't see any reason why it will be denied or postponed again to a later time but yeah, in the long run it will contribute a lot to btc and crypto's growth and mass adoption. Well if it does get moved again or denied, then prepare for new bottoms lol |
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