We were expecting this but bitcoin has not making any significant progress since you make this post. We just hope this month of July we would see another very high significant progress and by August, we should be above $10,000.
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I was thinking that it was a breakout but currently it is turning to be fakeout. However it might still continue: I suspect that traders are taking profits and that is why it could not push on. I also expect bitcoin to make positive upwards movement from this July as this is what happens last year and some years before.
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No one can really predict this market accurately but we can used historical data to foretells what is going to happen. Trading, in bitcoin and others cryptocurrencies takes risky and that is the reason why you should have a good money management principle in place before put an order.
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The demand for cryptocurrencies is diminish and that is why we are having "a sluggish market" if we having so many of this attack and cryptocurrencies still remains strong then I believe that the future is bright.
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I believe facebook is trying to play international politic with cryptocurrencies and bitcoin in particular! The world's leaders has not spoken good about cryptocurrencies because they could not tax or control it and facebook will not want to get into trouble with those countries. To me that is the reason why they have to ban crypto's ads and having a plan to lunch they own coins or tokens.
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The demand for bitcoin and cryptocurrencies is reducing and that is why the price is dropping! When the demand increase again then we should expect another pump. The market work in this way and that is what determines the state of bitcoin and cryptocurrencies in general.
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Keep wondering if bitcoin will stay above above 6k,whats your opinion?
My opinion is that bitcoin is going to stay above $6000: because it has fight for the past few days to remain above $6,000. Though in this market anything can happen and bitcoin can fall below 6k but base on technical analysis I think bitcoin is going to remain above $6,000.
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Today bitcoin has made a profits of around $600 and that is the benefits of this market. I just like the way it pump this morning and we can see that it is heading toward $7000. Those that predicted that bitcoin is going to be around $5000 by the end of June can now see were we are now.
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If we relay on technical analysis alone we may have serious problem but if we can join them with sentimental and fundamentals analysis then we can make an informed investments decision. The triple bottom's signals can be upset by just a little news that hit the market. I therefore will advise us to get knowledge of both in other not to invest at the wrong time.
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I don't think this is going to happen and it might takes three days consecutively hacking for that to happen! Ethereum go back to $5 will be it end as many investors has hope on it more than any other cryptocurrencies. I am speculating that the least ethereum can go is $200.
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Taxation on cryptocurrencies is good because this will enable governments to pick interest in cryptocurrencies market. Investing into cryptocurrencies market should be tax as governments is the one that provides us with enabling environment to mining bitcoin and ever other form of bitcoin investments.
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I doubt if this can happen and it will take Bill gate putting his whole asset for us to see that type of upwards movement. However, we need this type of speculations for us to know that we were there before. We have to be a bit hopefull for such movements to happen and I think we shall be trading bitcoin above $20,000 in years to come.
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Selling bitcoin below the cost price is not a good investment strategies and I believe many of us if not majority buy bitcoin above the current price. Bitcoin may fall further but many of us has confident that it is going to rise again and holding is the best options for any wise investors.
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Patience is what we really need and the more patience we have the more earnings we would make in cryptocurrencies market. Many investors that bought bitcoin this time last year are still in profits even if they decided to sell them today. Likewise others cryptocurrencies like ethereum, ripple and litecoin.
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On a short term cryptocurrencies is going to reduce in price and we may witness a dump when governments setup a measure to regulate cryptocurrencies. However on a long term we are all going to benefit from it as must of the projects and icos that will becoming out will be those strong one and if there did not meet up to the standard there will not be listed and scam projects will be kick out.
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Selling what you are holding is not advisable now because majority of the holders buy bitcoin above $10,000 and I strongly believe that a day is coming were bitcoin is going to move as high as $50,000. It might not be now but that days are coming. Also note that when you sell your bitcoin now you may not be able to buy that same unit again as the recovery that we are going to witness this time around is going to be a fast one.
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What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax?? Maybe the expansion of BTC community will get low than usual.
That is what some of us think and that is why we are trying to defend governments position on bitcoin. Governments must tax bitcoin before we should expect them to regulate it. The community will definitely increase if governments will adopt and promote cryptocurrencies like every other assets. Investors are going to have more confidence on bitcoin and cryptocurrencies market if governments are involves.
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I have never have an idea that all icos are scam but many of them are scam. Investing into icos takes courage and understand on how the market work as many of us here has lost money through icos investments. There are coins that I invested in since last year and there have not been listed in any exchanges and to me there are scam projects because there are now worthless.
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Sudden price decrease keeps happening these past few days and the same scenario happens last year before the hard fork in August. I feel something will happen few months for now, and I think a great pump which will mark another history will have to explode soon. I want to be positive on this and keep my investment growing. How bout you guys?
Bitcoin is going to grow but it might not be the way we witnessed last year and we may not have serious explosion of price this year . We are at a bearish market and the dumping is to some extent very real. Traders are the one enjoying this market and investors can now buy now and holds for a very long time to make money.
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The fluctuations in price is due to the awareness that people are getting daily. We are not going to have much of this price fluctuations in future as professionals are going to get into the market and trade it based of technical and fundamentals issues.
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