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matuson
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October 19, 2017, 10:50:09 AM |
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I am sure that this rollback is a natural pause before the jump. For all reasons of logic bitcoin can not go up in price at least until October 25. Subsidence rates may be related to the whales play in the market but they can't keep bitcoin down. I'm sure the rest of the week we will see the price touch the mark of $ 6000.
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pugman
Legendary
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Activity: 2383
Merit: 1551
dogs are cute.
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October 19, 2017, 12:50:43 PM |
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Actually that's required for bitcoin to grow more, if the price keeps on increasing number of people who buy bitcoin regularly will decrease substantially. Whereas if there are regular drop or pull backs, then it would be customer friendly, and people will wait for the opportunity to buy more at a lower price, one of the very popular marketing strategies which works very well most of the time. |
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CoinsCoinsEverywhere
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October 19, 2017, 04:20:37 PM |
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Yes, this seemed like quite a healthy pullback, especially given how fast we shot up to ~$5900. My only concern is whether or not a retracement to $5100 "counts" as a test of $5k. Given bitcoin's volatility, it probably does, especially given the pop that ensued. But I would be a little more comfortable if the low had been more in the $5000 to $5050 range. |
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Zicadis
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Activity: 1386
Merit: 1027
Dump it!!!
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October 19, 2017, 04:40:41 PM |
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Definitely was a healthy dip which should have been an opportunity for first timers to buy bitcoins while they are cheaper before going to the moon. And for the record, the price is now over $5600 and looks like the price won't be dipping any time soon. Just hope we wont be receiving any negative news to affect the healthy price. |
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ivrynx
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October 20, 2017, 10:25:38 AM |
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It was a healthy pull back, considerig that a lot of people want to buy at a lower price before the airdrop, i think for now, the price will not go any lower than 5000 usd, and after the airdrop, the price of bitcoin might rise and will have another correction. I think bitcoin goin below than 5300 usd, is showing that bitcoin is now having lrss volatility and will soon rise above 6000 usd, however it may take time, since bitcoin is showing lesser volatility, it may take months before bitcoin breaches 6000 usd mark, in which i can see is a good thing, people who wants to buy bitcoin at.this time, will have a chance to buy it at a price they want, however, it will not be lower than 4000 usd, like a few weeks ago. I think the price having 5000 usd and above is a reasonable price for all of us, if we take a look back on how bitcoin became so volatile, it rose up to 5000 usd, and yet it went down below 4000 usd, i think right now, the pull back has shown us the correction in the market and more especially, the price of bitcoin becoming stable, and showing lesser volatility than before.
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Schmerol
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Merit: 0
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October 22, 2017, 10:20:26 AM |
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hey guys
i was playing a little bit with the BTC/USD chart and i think a pullback to around 5000$ would be p-r-e-t-t-y healthy.
the big question is how's that gonna happen?
Zicadis already mentioned bad news.
what about the two forks? do you guys think that the bitcoin gold fork will dip the price that hard? or will it stay strong?
will the segwit2x fork drag the price down to 5000$, or will our beloved bitcoin be enough strong to substain a higher price?
something in my guts tells me it's gonna dip hard anyway. but its hard for me to see it clear, what could it be.
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CoinsCoinsEverywhere
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October 24, 2017, 03:43:36 PM |
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hey guys
i was playing a little bit with the BTC/USD chart and i think a pullback to around 5000$ would be p-r-e-t-t-y healthy.
the big question is how's that gonna happen?
Zicadis already mentioned bad news.
what about the two forks? do you guys think that the bitcoin gold fork will dip the price that hard? or will it stay strong?
will the segwit2x fork drag the price down to 5000$, or will our beloved bitcoin be enough strong to substain a higher price?
something in my guts tells me it's gonna dip hard anyway. but its hard for me to see it clear, what could it be.
While any of those things you mentioned could cause a drop to $5k, I don't think anything specific is necessary. We've established a range between $5000/$5100 and the ATH around $6200. I think that dipping to $5k could happen simply as a result of the normal intraday price swings that bitcoin experiences. Dipping below $5k significantly will probably take some kind of specific catalyst. However, one should also keep in mind that all it takes for the price to fall is for enough people/bots to start selling. Not even bad news is required. |
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shursight
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October 24, 2017, 09:04:16 PM |
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Has anyone noticed that the price has only been going down today? All the people is using their free money from bitcoin gold to invest in altcoins, and this is what is making bitcoin bleed.
But this was necessary, maybe i am being negative about this dump, but if we look at the charts, yes, it was necessary because we were in a bullish trend for more than two weeks, and we have never seen a dump before this fork.
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Magic Sarap
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Activity: 350
Merit: 14
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October 24, 2017, 09:56:50 PM |
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What matters the most is that we are awared that it will eventually increase again, maybe after the hardfork. It is just the same with what happened last segwit2x. And I think its value will only drop down to 5000$. It won't fall that much since the dump is only resulted by the incoming hardfork. The best thing is to hold and watch what will happen next. |
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CoinsCoinsEverywhere
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October 26, 2017, 02:14:15 AM |
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Has anyone noticed that the price has only been going down today? All the people is using their free money from bitcoin gold to invest in altcoins, and this is what is making bitcoin bleed.
I'm not sure I understand...how do you think this is happening? If people are dumping their bitcoin gold for alt coins, then it shouldn't have any effect on the price of bitcoin. If people are dumping their bitcoin gold for bitcoin and then using that bitcoin to buy alt coins, that still shouldn't have a net negative effect on the price of bitcoin. If anything, I think people are looking at how beaten down alt coins are and using some of their bitcoin to buy the alt coins, regardless of bitcoin gold. |
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Izarok
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October 26, 2017, 07:42:40 AM |
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It was a healthg pullback since the pricing went up as fast as it went down. Now the pricing is at $5719 and I think it will skyrocket since China is going back to the scene. |
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sofi@
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October 26, 2017, 12:47:28 PM |
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Every one anticipate that after the pump bitcoin does in the past few weeks a dump will come soon this is how the market of bitcoin or a cycle of bitcoin and yes it is a healthy pullback after all opportunity opens when bitcoin price goes down and then a good profit to harvest when the value goes up again.
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reliable
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October 26, 2017, 12:58:09 PM |
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It was a healthg pullback since the pricing went up as fast as it went down. Now the pricing is at $5719 and I think it will skyrocket since China is going back to the scene. Yes it was a minor correction and it was good because it helps in stabilizing the prices and overall the demand and supply can be meet else it can happen that there are only sellers or only buyers in which either the price will steep rise or fall back badly. Though currently btc price is almost at 6k now. So good upward movement happening now. |
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