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Author Topic: i think we will see bitcoin 44k sooner  (Read 501 times)
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May 15, 2021, 04:38:22 PM
 #81

The price of Bitcoin is hovering around 47000 - 48000$ price. If there is no strong support then it'll be harder to hold the continuous drop. We might even see me 30k support as we are seeing too many fuds in the market.
But the trader sentiment is different this time, fear is less as there are more investors who might buy if the price goes below.

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May 15, 2021, 04:49:11 PM
 #82

Already heard that speculations last month, and we're close to that but never happened actually. However, there's still chances that were going to see it once price of btc will saturate again just like the past months. It's not that easy to see bitcoin soars greatly, because it also pulled back down by other coins, particularly with eth and other following coins that kept on rising and performing very well.
Right now we need to be smart enough to handle our decision, because if we're to green for money only one mistake will tend your lose more digit of coins.
The higher the price goes the more difficult it is for it to keep going up but while in the rest of the altcoin market what we see is a bunch of coins that are going up because of nothing but hype in the case of bitcoin adoption is actually growing, however to me it is too obvious that what we are seeing right now is an attempt of manipulation by the big players so they can get more bitcoin in the future, this is why we are seeing these abrupt movements which are shaking the weak hands out of the market.


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May 15, 2021, 04:52:48 PM
 #83

I think we are seeing the size of Musk's influence on the market right now. I don't expect bitcoin will fall too deep, because the currency has grown to the level we see nowadays without his help, so it will survive and continue thriving without him anyway. The currently correction is a normal effect of Musk's fans cashing out their bitcoin investments and consequently influencing some other investors to do the same (the domino effect), especially the big speculators. I still fully believe in bitcoin and I'm sure if there is so much misinformation about btc, like the one Elon Musk throw on his public, it's because there are many people avid to buy bitcoins for a cheaper price.


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May 15, 2021, 07:42:07 PM
 #84

The price of Bitcoin is hovering around 47000 - 48000$ price. If there is no strong support then it'll be harder to hold the continuous drop. We might even see me 30k support as we are seeing too many fuds in the market.
But the trader sentiment is different this time, fear is less as there are more investors who might buy if the price goes below.

Trust me, buyers want even more cheaper BTC as they did when the price was $10k or even $3k. The fact is, the lowest they buy, the least fear they'll have of losing more on their investment. If they buy at $47k which is currently an extremely major support for BTC and it falls back below $36k or even $30k as you said (or under my expected area of $20k which looks quite impossible but can still be touched), then those investors will need to hodl much longer than they expected to. There are many types of investors, but I've seen mostly of two types, who hodl for very long no matter what's the price, the other ones are those who sell it under panic at the mid area (let's say, at $40k if it drops near $30k from current price) so to save themselves from losing too much. It's not necessary the markets will react according to what we think, but mostly patterns do give an answer to our questions about price action.

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Today at 01:22:32 PM
 #85

The price of Bitcoin is hovering around 47000 - 48000$ price. If there is no strong support then it'll be harder to hold the continuous drop. We might even see me 30k support as we are seeing too many fuds in the market.
But the trader sentiment is different this time, fear is less as there are more investors who might buy if the price goes below.

This time around the market price movement looks pretty steady around $ 48k.  Traders certainly believe in being able to hold their Bitcoin, from there we see that supply and demand is quite stable in that price range, most people believe Bitcoin will continue to grow even though there is always a correction, they prefer to hold it, until the profit target can be achieved

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Roidz
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Today at 04:00:23 PM
 #86

The price of Bitcoin is hovering around 47000 - 48000$ price. If there is no strong support then it'll be harder to hold the continuous drop. We might even see me 30k support as we are seeing too many fuds in the market.
But the trader sentiment is different this time, fear is less as there are more investors who might buy if the price goes below.

This time around the market price movement looks pretty steady around $ 48k.  Traders certainly believe in being able to hold their Bitcoin, from there we see that supply and demand is quite stable in that price range, most people believe Bitcoin will continue to grow even though there is always a correction, they prefer to hold it, until the profit target can be achieved
currently bitcoin is very much affected by a lot of negative news circulating, including the one just tweeted by elon musk about cancellation of bitcoin as a Tesla payment, but in my opinion right now the price of bitcoin is in its lowest position and it is very difficult  down to the $40k price, so This is a good opportunity for those of us who want to collect bitcoins at a low price and I am personally very confident that in the near future the market will improve again and it is likely that the price of bitcoin will be able to re-penetrate $54K.
For bitcoin holders, of course, hold is a good way rather than panic to sell bitcoin now in a condition that is still cheap.





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Farma
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Today at 04:16:51 PM
 #87

this is not a fud and its not intended to scare anyone or make you dump if you cant hold especially the newbies and paper hands. just to get you prepared ahead of it. lets hope we dont go lower than that else we might take much longer in this dip.
well, currently bitcoin price is close to that. the potential is still very large. Until now, the price of bitcoin continues to correct because of the announcement from Elon Musk. although it was possible, I didn't expect it, and the bitcoin price is back above $ 55k.

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bitzizzix
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Today at 05:02:39 PM
 #88

this is not a fud and its not intended to scare anyone or make you dump if you cant hold especially the newbies and paper hands. just to get you prepared ahead of it. lets hope we dont go lower than that else we might take much longer in this dip.
well, currently bitcoin price is close to that. the potential is still very large. Until now, the price of bitcoin continues to correct because of the announcement from Elon Musk. although it was possible, I didn't expect it, and the bitcoin price is back above $ 55k.
What happens in a bitcoin situation is normal and can happen any time before it happens or happens frequently, so it would be an experience if it happened in the same situation.
It is likely that many users are selling ownership because of the panic over the news that compelled them to do so, and not because they have been in the industry for a long time and have experience that what is happening is inherent.
I think the price of bitcoin will rise again in the near future gradually and patience is the key to dealing with it.

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Mr.Scott
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Today at 05:51:21 PM
 #89

this is not a fud and its not intended to scare anyone or make you dump if you cant hold especially the newbies and paper hands. just to get you prepared ahead of it. lets hope we dont go lower than that else we might take much longer in this dip.
well, currently bitcoin price is close to that. the potential is still very large. Until now, the price of bitcoin continues to correct because of the announcement from Elon Musk. although it was possible, I didn't expect it, and the bitcoin price is back above $ 55k.
What happens in a bitcoin situation is normal and can happen any time before it happens or happens frequently, so it would be an experience if it happened in the same situation.
It is likely that many users are selling ownership because of the panic over the news that compelled them to do so, and not because they have been in the industry for a long time and have experience that what is happening is inherent.
I think the price of bitcoin will rise again in the near future gradually and patience is the key to dealing with it.
Everything is going down, the explanation of BTC's Drop, the worldwide market cap from $2.58 trillion down to $2.17 perhaps big investor or old investor pulled out their cash or they'd take benefit. BTC is plunging, it's beneficial to make the market solid. I do trust Bitcoin will ultimately go up.

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