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Author Topic: Now That Bitcoin Is Under $1000 Again.. Again...  (Read 2519 times)
Alesis
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March 19, 2017, 08:03:03 PM
 #61

Today the price of bitcoin has crossed $1000 level again and it will keep on moving up and down in coming days too and I don't think there is any thing to worry at all as this fluctuations will always be a part of bitcoin journey and it will recover the price pretty soon.

It's nice of course that the price has gone over $1000 level, but we're still sitting in the same situation. I don't add much value to the price that has gone over $1000 again, because there is no support, and panic still isn't over. It takes a low number of coins to get the price to dive under $1000 again, and thus -- we're not save yet. Currently it's party time for day traders.
While the panic is still going on, I think that Bitcoin has reached its short-term support level at around $1000 until the hard fork is imminent (as in within an expected week or so).  I think that most ordinary users are comfortable holding their Bitcoin.
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March 19, 2017, 08:08:06 PM
 #62

Today the price of bitcoin has crossed $1000 level again and it will keep on moving up and down in coming days too and I don't think there is any thing to worry at all as this fluctuations will always be a part of bitcoin journey and it will recover the price pretty soon.

It's nice of course that the price has gone over $1000 level, but we're still sitting in the same situation. I don't add much value to the price that has gone over $1000 again, because there is no support, and panic still isn't over. It takes a low number of coins to get the price to dive under $1000 again, and thus -- we're not save yet. Currently it's party time for day traders.
While the panic is still going on, I think that Bitcoin has reached its short-term support level at around $1000 until the hard fork is imminent (as in within an expected week or so).  I think that most ordinary users are comfortable holding their Bitcoin.

People who have faith that price of bitcoin will recover again will prefer to hold their bitcoins without selling them at this stage and I think that is the right thing to do as if you sell them now it will not give you higher profits which can be possible in future if you hold till the price goes higher.
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March 19, 2017, 09:19:52 PM
 #63

While the panic is still going on, I think that Bitcoin has reached its short-term support level at around $1000 until the hard fork is imminent (as in within an expected week or so).  I think that most ordinary users are comfortable holding their Bitcoin.

I can agree with that. If you look realistically at how the current situation is, then there is no (not yet) reason to panic, but we all know that panic and Bitcoin are two things that are firmly tied to each other. If you browse through various mainstream crypto related news sites, then they are basically not helping in calming down people with all kinds of flashy headlines to attract people to click on them. Situation as it is right now is over exaggerated.
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March 19, 2017, 09:34:51 PM
 #64

Today the price of bitcoin has crossed $1000 level again and it will keep on moving up and down in coming days too and I don't think there is any thing to worry at all as this fluctuations will always be a part of bitcoin journey and it will recover the price pretty soon.

It's nice of course that the price has gone over $1000 level, but we're still sitting in the same situation. I don't add much value to the price that has gone over $1000 again, because there is no support, and panic still isn't over. It takes a low number of coins to get the price to dive under $1000 again, and thus -- we're not save yet. Currently it's party time for day traders.
While the panic is still going on, I think that Bitcoin has reached its short-term support level at around $1000 until the hard fork is imminent (as in within an expected week or so).  I think that most ordinary users are comfortable holding their Bitcoin.

People who have faith that price of bitcoin will recover again will prefer to hold their bitcoins without selling them at this stage and I think that is the right thing to do as if you sell them now it will not give you higher profits which can be possible in future if you hold till the price goes higher.
yeah hold your bitcoin is much more better for the price of bitcoin when we hold our bitcoin then demand will increase and when demand will increase then bitcoin price will goes to more higher.
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