Bitcoins new trend

[Yakamoto]

i think that bitcoins trend is only up right now, in my opinion it will be huge soon

Bitcoin has had a downtrend for the past week or two, so it definitely isn't an uptrend right now, and it probably won't be for a while, until the market gets bullish again. I'm thinking that there is going to be an uptrend sooner rather than later, but I'm not 100% on that quite yet. We just need to see that bull run happen and some faith will be restored in the value.

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[iv4n]

I think its not "new trend" as you mentioned in headline. Bitcoin is doing that for years already, with sometimes pretty big up and down trends. Some people say its cause demand and supply of the coins, some people say specific things that happen can inflict price to go up or down, whales and bears can move the market, along with who many how much factors.
Bitcoin is still here, people still using it, and as I see its growing every year. More people joining, more sites using it, that mean something, and no matter how much bitcoin fall or how much it rise, we are here and bitcoin is fine, working properly.

[dumana]

I think its not "new trend" as you mentioned in headline. Bitcoin is doing that for years already, with sometimes pretty big up and down trends. Some people say its cause demand and supply of the coins, some people say specific things that happen can inflict price to go up or down, whales and bears can move the market, along with who many how much factors.
Bitcoin is still here, people still using it, and as I see its growing every year. More people joining, more sites using it, that mean something, and no matter how much bitcoin fall or how much it rise, we are here and bitcoin is fine, working properly.

The bitcoin's long term trend is to be used by more and more people as it offers better functions than conventional fiats.

[pearnapple]

I think its not "new trend" as you mentioned in headline. Bitcoin is doing that for years already, with sometimes pretty big up and down trends. Some people say its cause demand and supply of the coins, some people say specific things that happen can inflict price to go up or down, whales and bears can move the market, along with who many how much factors.
Bitcoin is still here, people still using it, and as I see its growing every year. More people joining, more sites using it, that mean something, and no matter how much bitcoin fall or how much it rise, we are here and bitcoin is fine, working properly.

The bitcoin's long term trend is to be used by more and more people as it offers better functions than conventional fiats.

thats true, more and more people are into holding bitcoins right now or using it, the adoption is massive and i think bitcoin can only grow because of that

[dumana]

I think its not "new trend" as you mentioned in headline. Bitcoin is doing that for years already, with sometimes pretty big up and down trends. Some people say its cause demand and supply of the coins, some people say specific things that happen can inflict price to go up or down, whales and bears can move the market, along with who many how much factors.
Bitcoin is still here, people still using it, and as I see its growing every year. More people joining, more sites using it, that mean something, and no matter how much bitcoin fall or how much it rise, we are here and bitcoin is fine, working properly.

The bitcoin's long term trend is to be used by more and more people as it offers better functions than conventional fiats.

thats true, more and more people are into holding bitcoins right now or using it, the adoption is massive and i think bitcoin can only grow because of that

I think the bitcoin price will resume its uptrend very soon. People will forget about the Bitfinex hack soon.

[Universat]

I think its not "new trend" as you mentioned in headline. Bitcoin is doing that for years already, with sometimes pretty big up and down trends. Some people say its cause demand and supply of the coins, some people say specific things that happen can inflict price to go up or down, whales and bears can move the market, along with who many how much factors.
Bitcoin is still here, people still using it, and as I see its growing every year. More people joining, more sites using it, that mean something, and no matter how much bitcoin fall or how much it rise, we are here and bitcoin is fine, working properly.

The bitcoin's long term trend is to be used by more and more people as it offers better functions than conventional fiats.

thats true, more and more people are into holding bitcoins right now or using it, the adoption is massive and i think bitcoin can only grow because of that

I think the bitcoin price will resume its uptrend very soon. People will forget about the Bitfinex hack soon.

yes i am agree. bitcoin price has to start increasing very soon, as in present tie there is no bad news about bitcoin therefore people are investing money in bitcoin, hope this uptrend will continue for a long time.

[pitham1]

I think its not "new trend" as you mentioned in headline. Bitcoin is doing that for years already, with sometimes pretty big up and down trends. Some people say its cause demand and supply of the coins, some people say specific things that happen can inflict price to go up or down, whales and bears can move the market, along with who many how much factors.
Bitcoin is still here, people still using it, and as I see its growing every year. More people joining, more sites using it, that mean something, and no matter how much bitcoin fall or how much it rise, we are here and bitcoin is fine, working properly.

The bitcoin's long term trend is to be used by more and more people as it offers better functions than conventional fiats.

thats true, more and more people are into holding bitcoins right now or using it, the adoption is massive and i think bitcoin can only grow because of that

I think the bitcoin price will resume its uptrend very soon. People will forget about the Bitfinex hack soon.

It is not just the Bitfinex hack. It is also to do with the excess euphoria before the halving.
In some sense that contributed to overpricing around July.
Once those effects wear off, the uptrend will resume.

[calme]

And then we can hopefully run the price up into the 500+ range

[The Sceptical Chymist]

I think when OP wrote this, we were dropping to something like $518 or so.  I bought a little on the way down, made some money on the way back up.  Not much--I should've kept buying, but oh well.

This wasn't a trend.  It was just the usual bumps we see in crypto all the time.  Now as to the current level we're at...it's a damn good time to buy, I'd say.

[Dux2K]

I think when OP wrote this, we were dropping to something like $518 or so.  I bought a little on the way down, made some money on the way back up.  Not much--I should've kept buying, but oh well.

This wasn't a trend.  It was just the usual bumps we see in crypto all the time.  Now as to the current level we're at...it's a damn good time to buy, I'd say.

It good no doubt about it now jyst buy cuz price is going up for sure this year and there will be no error in this
Price is recovering and slowly goes up and buying now us best option

[vero]

in my opinion there is no new trend in the price of bitcoin which in my opinion is still on the trend of bubble this occur after the spike in the price of $ 220 and we are still awaiting the trend what will come after halving.

[Wind_FURY]

I think when OP wrote this, we were dropping to something like $518 or so.  I bought a little on the way down, made some money on the way back up.  Not much--I should've kept buying, but oh well.

This wasn't a trend.  It was just the usual bumps we see in crypto all the time.  Now as to the current level we're at...it's a damn good time to buy, I'd say.

It good no doubt about it now jyst buy cuz price is going up for sure this year and there will be no error in this
Price is recovering and slowly goes up and buying now us best option

There is still a possibility of it going down. So the better option is to watch and observe, save money and be ready to buy at lower prices. This is a time for bargain hunting especially in times like these when the market has low volatility.

[MingLee]

I think when OP wrote this, we were dropping to something like $518 or so.  I bought a little on the way down, made some money on the way back up.  Not much--I should've kept buying, but oh well.

This wasn't a trend.  It was just the usual bumps we see in crypto all the time.  Now as to the current level we're at...it's a damn good time to buy, I'd say.

It good no doubt about it now jyst buy cuz price is going up for sure this year and there will be no error in this
Price is recovering and slowly goes up and buying now us best option

There is still a possibility of it going down. So the better option is to watch and observe, save money and be ready to buy at lower prices. This is a time for bargain hunting especially in times like these when the market has low volatility.

Wait for the market, watch the market, buy the dips, wait for the market to go high, sell. It's pretty simple from a basic point of view, but there are definitely more variables and so that make this a bit more of a challenge than you'd like to believe. Having the market in a low volatility period is probably preparing it for a bull run soon, if the market decides to get active, but I doubt we'll see bear runs for a while.

[talks_cheep]

nobody knows for sure and can't give you an exact answer. this can be temporary for all we know just like many times below.

i wouldn't worry too much since this is just a small drop and there is $600 resistance on the way.

p.s. move your topic to speculation board.

LOL @ "this can be temporary for all we know"

Be sure and understand how bitcoin drops to lower lows each time it drops, especially during a prolonged bear phase which we seem to be mired in.

This is not a temporary down situation. We are in the long term decline situation. Unless prices go up during this November/December, we will definitely be in a long term bear market.

There's no good news coming in the next few months, so the question is how LOW it will drop, before it starts recovering.

This is all because of bad fundamentals. The bitcoin developers are fighting among themselves, they have no leadership, no vision for the challenges facing the bitcoin community, it's just a sad, pathetic state we find ourselves in.

[EastBirth]

nobody knows for sure and can't give you an exact answer. this can be temporary for all we know just like many times below.

i wouldn't worry too much since this is just a small drop and there is $600 resistance on the way.

p.s. move your topic to speculation board.

LOL @ "this can be temporary for all we know"

Be sure and understand how bitcoin drops to lower lows each time it drops, especially during a prolonged bear phase which we seem to be mired in.

This is not a temporary down situation. We are in the long term decline situation. Unless prices go up during this November/December, we will definitely be in a long term bear market.

There's no good news coming in the next few months, so the question is how LOW it will drop, before it starts recovering.

This is all because of bad fundamentals. The bitcoin developers are fighting among themselves, they have no leadership, no vision for the challenges facing the bitcoin community, it's just a sad, pathetic state we find ourselves in.

The bitcoin price has already rebound from recent lows. The situation you mention has nothing to do with bitcoin itself.

[talks_cheep]

nobody knows for sure and can't give you an exact answer. this can be temporary for all we know just like many times below.

i wouldn't worry too much since this is just a small drop and there is $600 resistance on the way.

p.s. move your topic to speculation board.

LOL @ "this can be temporary for all we know"

Be sure and understand how bitcoin drops to lower lows each time it drops, especially during a prolonged bear phase which we seem to be mired in.

This is not a temporary down situation. We are in the long term decline situation. Unless prices go up during this November/December, we will definitely be in a long term bear market.

There's no good news coming in the next few months, so the question is how LOW it will drop, before it starts recovering.

This is all because of bad fundamentals. The bitcoin developers are fighting among themselves, they have no leadership, no vision for the challenges facing the bitcoin community, it's just a sad, pathetic state we find ourselves in.

The bitcoin price has already rebound from recent lows. The situation you mention has nothing to do with bitcoin itself.

Self-deluded people should refrain from posting in a speculation forum. The current situation has everything to do with bitcoin itself. We ARE speculating about the bitcoin price, are we not? Only delusional people think bitcoin has nothing to do with the current price situation it is in.

Bitcoin has NOT rebound from recent lows, in fact it's been testing new lower lows recently. Go take a look at the price charts.

LOL This is becoming not even funny any more. Lots of people here need to wake up and smell the coffee!

[Ejanend]

nobody knows for sure and can't give you an exact answer. this can be temporary for all we know just like many times below.

i wouldn't worry too much since this is just a small drop and there is $600 resistance on the way.

p.s. move your topic to speculation board.

LOL @ "this can be temporary for all we know"

Be sure and understand how bitcoin drops to lower lows each time it drops, especially during a prolonged bear phase which we seem to be mired in.

This is not a temporary down situation. We are in the long term decline situation. Unless prices go up during this November/December, we will definitely be in a long term bear market.

There's no good news coming in the next few months, so the question is how LOW it will drop, before it starts recovering.

This is all because of bad fundamentals. The bitcoin developers are fighting among themselves, they have no leadership, no vision for the challenges facing the bitcoin community, it's just a sad, pathetic state we find ourselves in.

The bitcoin price has already rebound from recent lows. The situation you mention has nothing to do with bitcoin itself.

I think so. The bitcoin will trade around $590 for a few more weeks. Then it will rise to $600 in September.

[outatime1]

I think the price will continue to fluctuate, but I speculate that the price will hit $800 again by the end of the year. Next year could be a big year if we see some stability the rest of this year.

[Dux2K]

I think the price will continue to fluctuate, but I speculate that the price will hit $800 again by the end of the year. Next year could be a big year if we see some stability the rest of this year.

sure trend is rise again slow but steady no doubt that will be 800 by this year end maybe little more

[mindrust]

I think the same. Downtrending is very strong nowadays. It can't go up, It can't go down too. It will probably have a downside explosion if this continues like this for a month or two. Maybe even sooner. My fundamental analysis also says bitcoin is expensive atm. 450-500$ would be a fair price.