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Author Topic: Another Crash ?  (Read 2663 times)
ndrog
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January 19, 2017, 09:03:37 AM
 #21

Yes I agree. I am personally waiting for the next big BTC dip ''cycle'' to repeat in order to accumulate more and go long.
My only concern is for XMR's pattern and speculating potential dips to short.

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January 19, 2017, 10:54:19 AM
 #22

It's still playing just right below $900. Could be a good sign IMO.

Yes, a good sign if break 900$. Over this price i expect a test around 1000$ really soon. I repeat , i explained some key price. Traders don't need to see, or be happy, only if price goes up. Trading is for longer and for shorters  Smiley

I agree shorter benefits from fluctuation while holders doesn't care lol.  I think Bitcoin is holding it grounds now from $880 -$910, so we are waiting for another uptrend to $1k?  Would it be possible this Chinese New Year?  I hope so and eventually Bitcoin reach its new ATH.

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January 19, 2017, 11:12:25 AM
 #23

I wouldn't call this a crash at all, just normal and usual volatility. Probably the price will stay between 800$ and 900$ for a while and I don't consider that as a tragedy. In some period price will start to go up again and until then it is good chance to acumulate more coins.

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January 19, 2017, 11:17:18 AM
 #24

I wouldn't call this a crash at all, just normal and usual volatility. Probably the price will stay between 800$ and 900$ for a while and I don't consider that as a tragedy. In some period price will start to go up again and until then it is good chance to acumulate more coins.
i agree mate and besides its better to assume that the price can be the new barrier for the price like what happen after the halving 500-650$ then we see the real rise coming december so its better to accumulate and to keep holding for sure another rise will happen and we will enjoy our earnings from that day.

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January 19, 2017, 12:19:43 PM
 #25

I think you are making panic without a reason. Bitcoin lost couple dollars and it's not some big deal. The same way you could make the same kind of panic if bitcoin would add couple of dollars Smiley like: "people! Bitcoin added two dollars to it's price! It's going to fly to the sky!".

Yes these people were making rumors to make up the minds of those holding btc to have panic and if they succed to their hearsays which could confuse the minds of those holding big amounts of btc, most of them will do panic selling. For me I don't really believe that there is a big crash will come and as we knew many users and investors of bitcoin mostly believed that this is a sustainable currency. Good price always gives them a chance to grow and multiply their bitcoin holdings for better plans of investments.
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January 19, 2017, 12:42:05 PM
 #26

It was small price drop, nothing major. There are zero technical indicators that suggest that we are losing ground here.
What is happening now: market is basically stalled waiting for Trump's inauguration and potential changes it will bring.
And we have still minor panic in China as traders wait for clarification that restricting BTC is now over.
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January 20, 2017, 07:20:25 AM
 #27

It was small price drop, nothing major. There are zero technical indicators that suggest that we are losing ground here.
What is happening now: market is basically stalled waiting for Trump's inauguration and potential changes it will bring.
And we have still minor panic in China as traders wait for clarification that restricting BTC is now over.

I agree, if we follow the chart from the beginning of 2016, this is just a small set back.  A correction probably but this is no way a crash.  This maybe  due to the Chinese government getting strict to the Exchanges, but the price recovered and now stable at the current range.  I hope that Trump's inauguration boost bitcoin price but I doubt if it ever have effect on Bitcoin so I guess I have to wait and see.



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January 20, 2017, 08:06:10 AM
 #28

Well,

BTC hasn't hold 900$ . It's not a good for BTC holder , and a clear bear signal should came if price will go under 850. If so, we could expect a fist round near 820 and then a test at 800$ area. If doesn't hold 800$, we could see new montly low. Only after 900$ we could say that market trend is bull again.


Last week, Bitcoin prices were even lower than $800. I have just reached around $900 and you call it is another crash? Are you out of your mind? It is just a normal sight which means nothing to Bitcoin. Bitcoin will increase again dude. I can promise that. LOL. You are totally insane

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January 20, 2017, 09:26:04 AM
 #29

It was small price drop, nothing major. There are zero technical indicators that suggest that we are losing ground here.
What is happening now: market is basically stalled waiting for Trump's inauguration and potential changes it will bring.
And we have still minor panic in China as traders wait for clarification that restricting BTC is now over.

I think you have see the price chart of the bitcoin from the last week. Price value gradually increasing in the chart. If possible try buy or hold your bitcoins. After trump's charge we can see value could move up.

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January 20, 2017, 09:52:44 AM
 #30

Volatility goes down in last two days and price moved around 890 , so try to break 900.

Good to see.  Smiley

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January 20, 2017, 09:58:44 AM
 #31

I believe that we should first hear Trumps presidential inauguration speech and hopefully get a glimpse of the first set of executive orders that will be in effect. See how the markets react and take trade positions accordingly.

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January 20, 2017, 09:59:30 AM
 #32

I believe that we should first hear Trumps presidential inauguration speech and hopefully get a glimpse of the first set of executive orders that will be in effect. See how the markets react and take trade positions accordingly.

No, Trump will affect $, not BTC

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January 20, 2017, 10:01:40 AM
 #33

I believe that we should first hear Trumps presidential inauguration speech and hopefully get a glimpse of the first set of executive orders that will be in effect. See how the markets react and take trade positions accordingly.

No, Trump will affect $, not BTC

Depending how it will affect the $ will also be indication of short term BTC fluctuations. 

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January 20, 2017, 10:17:48 AM
 #34

I believe that we should first hear Trumps presidential inauguration speech and hopefully get a glimpse of the first set of executive orders that will be in effect. See how the markets react and take trade positions accordingly.

No, Trump will affect $, not BTC

Depending how it will affect the $ will also be indication of short term BTC fluctuations. 


Not necessarily $ will affect BTC price bitcoin market value is not based on $. Maybe the effect is opposite to bitcoin price. I think bitcoin price will be dump because many whale will sell their BTC for cheap $ because this is a good opportunity to have a good profit. "Investong on dollars"

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January 20, 2017, 10:26:18 AM
 #35

I believe that we should first hear Trumps presidential inauguration speech and hopefully get a glimpse of the first set of executive orders that will be in effect. See how the markets react and take trade positions accordingly.

No, Trump will affect $, not BTC

Depending how it will affect the $ will also be indication of short term BTC fluctuations. 


Not necessarily $ will affect BTC price bitcoin market value is not based on $. Maybe the effect is opposite to bitcoin price. I think bitcoin price will be dump because many whale will sell their BTC for cheap $ because this is a good opportunity to have a good profit. "Investong on dollars"

So you think about a Whale  reallocation from BTC to  $? Mmmm... Not sure about because whale move at least on other crypto or to cash .

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January 20, 2017, 10:30:22 AM
 #36

You have many investors hedging on BTC against the dollar, so if the  $ get stronger the money changers will act

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January 25, 2017, 07:42:33 PM
 #37

I dont think that the dollar will get stronger as the Trump would want to compete with China. The only way to compete with China is on their own terms what means devaluing your own currency.

But weaker dollar does not mean a stronger btc automaticly. What could make bitcoin strong is inflation of every of the world currency with silmuntanious stagnation of their relative price. If there are changes on the forex it works on btc disfavour as a speculation money sharks see the blood elsewhere
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January 26, 2017, 11:44:13 AM
 #38

I dont think that the dollar will get stronger as the Trump would want to compete with China. The only way to compete with China is on their own terms what means devaluing your own currency.

But weaker dollar does not mean a stronger btc automaticly. What could make bitcoin strong is inflation of every of the world currency with silmuntanious stagnation of their relative price. If there are changes on the forex it works on btc disfavour as a speculation money sharks see the blood elsewhere

I agree with your logic, bottom line is that it can go either way for BTC especially with the forex market. I am waiting to see a little bit more how the market will shift, now that the DOW has hit 20,000 (ATH), we shall see investors jumping on the equity bandwagon, since share prices will get more expensive and will be looking for quick gains.
Interesting market shifts lately....

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January 26, 2017, 12:24:09 PM
 #39

Well,

BTC hasn't hold 900$ . It's not a good for BTC holder , and a clear bear signal should came if price will go under 850. If so, we could expect a fist round near 820 and then a test at 800$ area. If doesn't hold 800$, we could see new montly low. Only after 900$ we could say that market trend is bull again.



Maybe it's going down but it's not crashing. Bitcoin was 500$ just a few month ago. We all have to take that into account. Bitcoin price has been going up for months and was going up way too fast. It's quite logical it will go down now for sometime before rallying again.

When bitcoin pump so fast, it definitely will going down hardly as we hit bear trap at $1100 and drop back to $720.
Well, it's already recover to $900 and seems persist on there, keep fluctuate but always come back to there.
Slowly increasing for now is better than nothing, too fast and it will drop again.
Whenever it going down, that's time to buy cheaper bitcoin before we're going beyond $1000 again, maybe in the next month.

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January 26, 2017, 01:07:41 PM
 #40

I dont think that the dollar will get stronger as the Trump would want to compete with China. The only way to compete with China is on their own terms what means devaluing your own currency.

But weaker dollar does not mean a stronger btc automaticly. What could make bitcoin strong is inflation of every of the world currency with silmuntanious stagnation of their relative price. If there are changes on the forex it works on btc disfavour as a speculation money sharks see the blood elsewhere

Already crash moved down and now again bitcoin value rising up. Today bitcoin price is 907$. There is reason to dollar to get increase as trump try to compete with china. Its all about economic status of the country and currency but bitcoin its all about supply and demand.

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