Bitcoin points of massive price movement

[dmwardjr]

@dmwardjr Thx, I needed that.

You're welcome, Sir!

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[saturn643]

The problem is knowing when that correction will come, and how big will it be. For example it could come say at $400, and you'd still make a lot of money buying in now. That's the fun part of investing, or I should say speculation.

[Amph]

The problem is knowing when that correction will come, and how big will it be. For example it could come say at $400, and you'd still make a lot of money buying in now. That's the fun part of investing, or I should say speculation.

for everyone that is really believing in the rise, this is the best opportunity to buy, but many of those are saying that but they are not actually doing it, there is still that small % of thinking that bitcoin might not rise anymore, and will remain at current price forever

[ajareselde]

The problem is knowing when that correction will come, and how big will it be. For example it could come say at $400, and you'd still make a lot of money buying in now. That's the fun part of investing, or I should say speculation.

for everyone that is really believing in the rise, this is the best opportunity to buy, but many of those are saying that but they are not actually doing it, there is still that small % of thinking that bitcoin might not rise anymore, and will remain at current price forever

Price can go both up and down, but i seriously doubt that it will stay where it is, bitcoin seams to be dependent on price oscillations. For now, price not going under 200 is a great success.
Regarding people saying one thing and doing the other; well, many believe that the price will go back up, but due to their financial state cant afford to invest anymore.
cheers

[dmwardjr]

The problem is knowing when that correction will come, and how big will it be. For example it could come say at $400, and you'd still make a lot of money buying in now. That's the fun part of investing, or I should say speculation.

for everyone that is really believing in the rise, this is the best opportunity to buy, but many of those are saying that but they are not actually doing it, there is still that small % of thinking that bitcoin might not rise anymore, and will remain at current price forever

Price can go both up and down, but i seriously doubt that it will stay where it is, bitcoin seams to be dependent on price oscillations. For now, price not going under 200 is a great success.
Regarding people saying one thing and doing the other; well, many believe that the price will go back up, but due to their financial state cant afford to invest anymore.
cheers

I personally believe the reason we are staying where we are at the moment is because those who would be bullish are in protect mode.  They know if they buy the market up to higher than 245, the market will only sell it back down in consolidation moves.  We still have a bit too much downward pressure from the miners and retailers.

Those who would be bearish will not sell it down below 220 because they know a lot of players are itching to buy any bitcoin sub 220.  Especially, sub 200.  If it goes below 200 again, it would not stay there very long at all.  220 is definitely our bottom of the bowl [So to speak].

I say 220 is the bottom of the bowl because with bitcoin price this low it makes it easier for smaller players to buy a whole bitcoin and compete against the whales who would want to buy in large quantity.  Way more little fishy's than their are whales.  There is strength in numbers.  The whales had a hard time buying what coin they could the last time it was sub 200 because very little of it was for sell compared to the numbers wanting to buy.  There was just too much competition to buy sub 200 last time and the whales found this out the hard way.  That's why I believe the likelihood of us going sub 200 again is quite unlikely.  But, if we do, it will not stay sub 200 very long at all.  The bottom [With equal resistance from both sides] has been found.

These are my "opinions."  I'm not saying this is the way it absolutely is.

Good day,

David

[randy8777]

The problem is knowing when that correction will come, and how big will it be. For example it could come say at $400, and you'd still make a lot of money buying in now. That's the fun part of investing, or I should say speculation.

for everyone that is really believing in the rise, this is the best opportunity to buy, but many of those are saying that but they are not actually doing it, there is still that small % of thinking that bitcoin might not rise anymore, and will remain at current price forever

Price can go both up and down, but i seriously doubt that it will stay where it is, bitcoin seams to be dependent on price oscillations. For now, price not going under 200 is a great success.
Regarding people saying one thing and doing the other; well, many believe that the price will go back up, but due to their financial state cant afford to invest anymore.
cheers

it's a matter of time before we see bitcoin below $200 as i don't think current level can hold it for another month. too much pressure.

[Brewins]

The problem is knowing when that correction will come, and how big will it be. For example it could come say at $400, and you'd still make a lot of money buying in now. That's the fun part of investing, or I should say speculation.

for everyone that is really believing in the rise, this is the best opportunity to buy, but many of those are saying that but they are not actually doing it, there is still that small % of thinking that bitcoin might not rise anymore, and will remain at current price forever

Price can go both up and down, but i seriously doubt that it will stay where it is, bitcoin seams to be dependent on price oscillations. For now, price not going under 200 is a great success.
Regarding people saying one thing and doing the other; well, many believe that the price will go back up, but due to their financial state cant afford to invest anymore.
cheers

it's a matter of time before we see bitcoin below $200 as i don't think current level can hold it for another month. too much pressure.

Why?

I can't see the selling pressure doing worse than now

[Fakhoury]

The problem is knowing when that correction will come, and how big will it be. For example it could come say at $400, and you'd still make a lot of money buying in now. That's the fun part of investing, or I should say speculation.

for everyone that is really believing in the rise, this is the best opportunity to buy, but many of those are saying that but they are not actually doing it, there is still that small % of thinking that bitcoin might not rise anymore, and will remain at current price forever

Price can go both up and down, but i seriously doubt that it will stay where it is, bitcoin seams to be dependent on price oscillations. For now, price not going under 200 is a great success.
Regarding people saying one thing and doing the other; well, many believe that the price will go back up, but due to their financial state cant afford to invest anymore.
cheers

it's a matter of time before we see bitcoin below $200 as i don't think current level can hold it for another month. too much pressure.

Why?

I can't see the selling pressure doing worse than now

Me either.

For Bitcoin to withstand all the downword presssure, it's a miracle.

[randy8777]

The problem is knowing when that correction will come, and how big will it be. For example it could come say at $400, and you'd still make a lot of money buying in now. That's the fun part of investing, or I should say speculation.

for everyone that is really believing in the rise, this is the best opportunity to buy, but many of those are saying that but they are not actually doing it, there is still that small % of thinking that bitcoin might not rise anymore, and will remain at current price forever

Price can go both up and down, but i seriously doubt that it will stay where it is, bitcoin seams to be dependent on price oscillations. For now, price not going under 200 is a great success.
Regarding people saying one thing and doing the other; well, many believe that the price will go back up, but due to their financial state cant afford to invest anymore.
cheers

it's a matter of time before we see bitcoin below $200 as i don't think current level can hold it for another month. too much pressure.

Why?

I can't see the selling pressure doing worse than now

it's simple. most traders don't have patience. at some point traders will dump because they are tired of looking at the same price for ages. remember that plenty of traders are looking for quick profits. something they are not getting now.

[dmwardjr]

The problem is knowing when that correction will come, and how big will it be. For example it could come say at $400, and you'd still make a lot of money buying in now. That's the fun part of investing, or I should say speculation.

for everyone that is really believing in the rise, this is the best opportunity to buy, but many of those are saying that but they are not actually doing it, there is still that small % of thinking that bitcoin might not rise anymore, and will remain at current price forever

Price can go both up and down, but i seriously doubt that it will stay where it is, bitcoin seams to be dependent on price oscillations. For now, price not going under 200 is a great success.
Regarding people saying one thing and doing the other; well, many believe that the price will go back up, but due to their financial state cant afford to invest anymore.
cheers

it's a matter of time before we see bitcoin below $200 as i don't think current level can hold it for another month. too much pressure.

Why?

I can't see the selling pressure doing worse than now

it's simple. most traders don't have patience. at some point traders will dump because they are tired of looking at the same price for ages. remember that plenty of traders are looking for quick profits. something they are not getting now.

You are very correct, Randy.  Most do not have patience.  That is definitely what is needed right now.  One cannot allow emotion to take control in trading bitcoin.  It's best to make good decisions with minimal risk BEFORE moves in price to determine what one would do if the price were to increase a certain amount or decrease a certain amount.  Then act, based on those decisions.  It's also good to keep enough capital in reserve to do even stop loss buys when the price of bitcoin is at its present low.

[Amph]

The problem is knowing when that correction will come, and how big will it be. For example it could come say at $400, and you'd still make a lot of money buying in now. That's the fun part of investing, or I should say speculation.

for everyone that is really believing in the rise, this is the best opportunity to buy, but many of those are saying that but they are not actually doing it, there is still that small % of thinking that bitcoin might not rise anymore, and will remain at current price forever

Price can go both up and down, but i seriously doubt that it will stay where it is, bitcoin seams to be dependent on price oscillations. For now, price not going under 200 is a great success.
Regarding people saying one thing and doing the other; well, many believe that the price will go back up, but due to their financial state cant afford to invest anymore.
cheers

it's a matter of time before we see bitcoin below $200 as i don't think current level can hold it for another month. too much pressure.

Why?

I can't see the selling pressure doing worse than now

it's simple. most traders don't have patience. at some point traders will dump because they are tired of looking at the same price for ages. remember that plenty of traders are looking for quick profits. something they are not getting now.

let them dump, there will be buyers buying their cheap coin, and those buyers will consolidate the enw floor, because unless they want to lose money, they can't dump at the same floor

dumping is good, it help building floor, if we rise too fast then you get something like a castle build with paper

[dmwardjr]

We can expect more of the same for a while until few are willing to sell this low ($220'ish).  Whales are waiting for the order books to fill with large sell orders from miners, retailers and the like.  Once they see this, we can expect a bull rally up to 240'ish again (Buying those large sell orders).  This will leave room for consolidation again over the course of a couple of weeks back down to 220'ish again.  We can expect this for months to come until we have big news.

$223.00 is actually an excellent time to buy!  Those who are not buying right now are wishful thinkers in my opinion.

[manselr]

I am trying hard to see the point to this, how would $50-$70 be the point of no return and people lose interest you can only speak about your self losing interest, the whales will be back at that price to make more money than they have for awhile and that will give the USD addicts excitment and they will be back at the higher price for a change. Myself I think this would be actually good for bitcoin and the community to go to this point shaking the tree and people who are here for a quick buck will be gone when they have the best chance at making that buck. Bitcoin does not need to keep being tagged to the dollar high or low to be a success or failure imo the sooner people realise this the better. I will be here till the blockchain does its last transaction or until I give my last breath either way the price won't sway me and anyone that it does I'm glad to see you gone rahaha

IMO there is no "point of no return". There is a lot of people waiting at the sidelines to get in, but they don't for a plethora of reasons, mainly a mixture of the uncertainty of the price and not really knowing what Bitcoin is and how does it work. All of those dubious people will eventually make a move and enter the market, which would result in a pump.