New down trend. $1000 definitively broken.

[pitham1]

There seems to be some resistance at $1000 levels, but it definitely is not insurmountable. Give Bitcoin a quite couple of weeks time and it will creep over $1000 without anybody even noticing. The long-term trend definitely seems to be up.

[LegendaryMiner]

There seems to be some resistance at $1000 levels, but it definitely is not insurmountable. Give Bitcoin a quite couple of weeks time and it will creep over $1000 without anybody even noticing. The long-term trend definitely seems to be up.

Maybe you're right, there's a lot of support on the market at current levels, but it takes time for that to consolidate as the new bottom. Perhaps bad news from China will continue to come throughout the year, but Bitcoin has already shown great resilience in recovering from such events.

[Chin Cheng]

There seems to be some resistance at $1000 levels, but it definitely is not insurmountable. Give Bitcoin a quite couple of weeks time and it will creep over $1000 without anybody even noticing. The long-term trend definitely seems to be up.

I am sure the price would recover again and it is good to see that it has a good resistance around $1000 .I do not foresee a down trend coming like the OP expects .The uncertainty regarding the Chinese market might be stalling the price.

[Immakillya]

Its good to see kwukduck creates a shitty thread again. I miss your dead cat.😸
What is you problem with bitcoin? You're wasting your time creating some FUDs that no one seems to care. No one believes you here since all your posts are all FUDs.
The bitcoin's price is @$1000 right now and still going up. FYI

[jbreher]

If the winkle etf doesn't happen you can expect a bear fest. It will be ugly.

WHile that may be the likely outcome, we still have almost a full month for the price to pump on the ETF rumors, first.

[mikenz]

hey look, the duckf*cker shill account is back. this guy is just the perfect contraindicator. literally everytime he preaches doom bitcoin soares. Im buying!

PS. dude btw where are all those 10$ btc you promised us last year?  

What is you problem with bitcoin?

his problem is he still lives in 2010 and believes he can influence the price just by fudding an internet forum.

Someone give this guy a time machine 

[Snorek]

If the winkle etf doesn't happen you can expect a bear fest. It will be ugly.

ETF approval will be huge positive boost for bitcoin in both credibility and price. But chances for it are very slim.
Seeing how SEC is not exactly biased towards giving it a try. I would say that we have around 25% of Coin ETF being approved.

But this found was disapproved so many times before, and we didn't have any market recessions because of that in the past.
Why do you think this time it would suddenly be signal to enter a bear market?

[mtwelve]

This small decline because of another Chinese FUD is nothing.

But my five dollars!!!!

$995 is close enough to $1000. I don't see what the big deal is.
If we suddenly dropped back to the $750 range, all the FUDers might have something to pat themselves on the back about,
but it seems like the price of Bitcoin has been pretty stable lately.

If the winkle etf doesn't happen you can expect a bear fest. It will be ugly.

In the short term. Bitcoin seems to be getting remarkably resilient, bouncing back faster and faster from dumps. The rise from $750 low's to $1080 happened within four weeks if I recall correctly, and while yes we are under $1000 currently, I would chalk it up to volatility and day trading rather then losing support. Trading highs and lows sit comfortable in the $990's - low $1000's. So I think it's too early to call this a downtrend.

[STT]

Definite, broken ?    If we are so certain of these trends, making money would be easy.   I just see bitcoin testing price and generally gaining, it is volatile but that alone is not a sign of it failing any trend from the last year which has been positive so far

[Benchman]

It's true that $1000 is resistance now.

But I expect rise after 1st March.

China is a big player in Crypto right now.

[mtwelve]

It's true that $1000 is resistance now.

But I expect rise after 1st March.

China is a big player in Crypto right now.

What's supposed to happen after March 1st? The ETF isn't supposed to happen till like 2nd or third week of march if I recall correctly.

[smoothie]

Today we've permanently broken the $1000 barrier and are staying under it.
It seems a new down trend has been set for the foreseeable future.

With China cracking down on Bitcoin quite hard and people realizinf Bitcoin can technically and economically hold nowhere near the value it has now, a new panic wave has set in.

Will the community take control and continue to develop bitcoin for the future or will we see more dramatic years spiraling down and down?

Yup it is so permanently broken that the price is currently $1001.66 on bitstamp for example.

Kwukieduckie save us the BS and just admit you sold way too early and now you are either butthurt or just trolling for fun and have already bought back in.

 

[Sniper44]

It's true that $1000 is resistance now.

But I expect rise after 1st March.

China is a big player in Crypto right now.

China has always been a big player in crypto and that has not yet changed. the only thing changes is that Chinese people are no longer trading as much as before "on the exchanges" they have moved on to other methods of trading bitcoin such as using localbitcoins.com in fact the volume in there has reached an all time high.

[unknown04]

looks like $990 - $1000 is the new bottom ? that's kinda good thing, we might be going above $1200 in future, hopefully.

[Riddikulo]

You must be stoned, the up trend is still there and harder than ever.

[pooya87]

Today we've permanently broken the $1000 barrier and are staying under it.
~

permanently in kwukduck language means less than 24 hours!
as i am writing this price is $1017 on bitfinex.

things are going to be this way for a while and there is no permanently neither for rising nor for dropping. after this has ended, we will see $1100 but it may take a couple of weeks at least.

[Kramerc]

Shit!

I finally gave in to kwukduck's pressure and have sodled all my bitcoins below $1000, which was never to be broken upwards again. I know this is only temporary and I'm hodling my $$$ with strong hands, waiting to buy back at $200 in the coming weeks, or even days.

Thank you duck, I don't know what I would've done if it wasn't for your precious advising!

[n0ne]

I too felt that bitcoin would experience a down trend in the price as the price gradually moved towards $990. But in a short it has gained back resistance and sticking above $1000. This gives hope that the price could be stable above $1000 for a long time period.

[icecube45]

I too felt that bitcoin would experience a down trend in the price as the price gradually moved towards $990. But in a short it has gained back resistance and sticking above $1000. This gives hope that the price could be stable above $1000 for a long time period.

If I think that bitcoin is not on the down trend because the price are still stable, every price drops definitely be back to normal again. That fluctuation is still reasonable I think. The down trend was sure to happen and it is normal in the market, but I do not think any time soon and it is still very long.

[Arcteryx]

Today we've permanently broken the $1000 barrier and are staying under it.
~

permanently in kwukduck language means less than 24 hours!
as i am writing this price is $1017 on bitfinex.

things are going to be this way for a while and there is no permanently neither for rising nor for dropping. after this has ended, we will see $1100 but it may take a couple of weeks at least.

I agree with you. It won't be at $1100 until the end of this month. It is the shortest of the year so it isn't too long now.
There is only good things coming in the foreseeable future for the US atleast.
I do not know about China though.
Things don't look to good for their economic view with their Yuan and even bitcoin is looking bad investment for them for their exchanges are getting audited and taxed the hell out of them by their government for all the years they weren't collect on them. Now they are collecting at a prorated amount for it which will sink the bitcoin ship for them there.