Bitcoins rise after the bubble

[Mandoy]

****10****


http://www.zerohedge.com/news/2017-05-27/bitcoin-crashes-1-week-lows-difference-between-fear-and-concern

We have witnessed the huge bitcoin crash as its value dropped 900$ in just a short span of time and many have panicked. Altcoin holders have also sold their coins and the market becomes bloody since red colors signaling the drop of value of almost all altcoins.


http://www.businessinsider.com/bitcoin-price-taking-off-after-one-of-chinas-biggest-exchanges-resumes-withdrawals-2017-6

But starting June 2017 we have seen the steady rise of bitcoins value. The value was recovering and it was possibly due to the Chinas big exchanges. According to the article I qouted the biggest exchanges in China was already allowed to process withdrawals and that has caused bitcoin to rise again.

Isn't it an irony since the bubble before was cause by Chinese exchanges but today the bitcoins crash was saved by the Chinese exchanges also.

[Kateryna_Oli]

Of course, it will rise!
Bitcoin is not going to supplant governments or bring down the banks. But as the hype around the digital currency subsides, banks and entrepreneurs are trying to use bitcoin in ways that could revolutionise the banking industry.

[ranreichman]

****10****


http://www.zerohedge.com/news/2017-05-27/bitcoin-crashes-1-week-lows-difference-between-fear-and-concern

We have witnessed the huge bitcoin crash as its value dropped 900$ in just a short span of time and many have panicked. Altcoin holders have also sold their coins and the market becomes bloody since red colors signaling the drop of value of almost all altcoins.


http://www.businessinsider.com/bitcoin-price-taking-off-after-one-of-chinas-biggest-exchanges-resumes-withdrawals-2017-6

But starting June 2017 we have seen the steady rise of bitcoins value. The value was recovering and it was possibly due to the Chinas big exchanges. According to the article I qouted the biggest exchanges in China was already allowed to process withdrawals and that has caused bitcoin to rise again.

Isn't it an irony since the bubble before was cause by Chinese exchanges but today the bitcoins crash was saved by the Chinese exchanges also.

What do you mean "was saved by the Chinese exchanges"?

[deisik]

****10****


http://www.zerohedge.com/news/2017-05-27/bitcoin-crashes-1-week-lows-difference-between-fear-and-concern

We have witnessed the huge bitcoin crash as its value dropped 900$ in just a short span of time and many have panicked. Altcoin holders have also sold their coins and the market becomes bloody since red colors signaling the drop of value of almost all altcoins.


http://www.businessinsider.com/bitcoin-price-taking-off-after-one-of-chinas-biggest-exchanges-resumes-withdrawals-2017-6

But starting June 2017 we have seen the steady rise of bitcoins value. The value was recovering and it was possibly due to the Chinas big exchanges. According to the article I qouted the biggest exchanges in China was already allowed to process withdrawals and that has caused bitcoin to rise again.

Isn't it an irony since the bubble before was cause by Chinese exchanges but today the bitcoins crash was saved by the Chinese exchanges also.

What do you mean "was saved by the Chinese exchanges"?

I guess he refers to prices staying above 2,500 dolalrs per coin now

On May, 26 the price crashed massively and went down to 1,800 dollars, and it is assumed that if Chinese exchanges hadn't been allowed to process Bitcoin withdrawals again in early June, the price would have stagnated at those levels or even gone lower. I don't know how genuine is this claim, but the rebound back to almost 3,000 dollars per coin soon thereafter was rather spectacular and should have an explanation (apart from a simple rebound on its own). The Chinese exchanges with their trading volumes surging explain this hike pretty well

[katepagava]

****10****


http://www.zerohedge.com/news/2017-05-27/bitcoin-crashes-1-week-lows-difference-between-fear-and-concern

We have witnessed the huge bitcoin crash as its value dropped 900$ in just a short span of time and many have panicked. Altcoin holders have also sold their coins and the market becomes bloody since red colors signaling the drop of value of almost all altcoins.


http://www.businessinsider.com/bitcoin-price-taking-off-after-one-of-chinas-biggest-exchanges-resumes-withdrawals-2017-6

But starting June 2017 we have seen the steady rise of bitcoins value. The value was recovering and it was possibly due to the Chinas big exchanges. According to the article I qouted the biggest exchanges in China was already allowed to process withdrawals and that has caused bitcoin to rise again.

Isn't it an irony since the bubble before was cause by Chinese exchanges but today the bitcoins crash was saved by the Chinese exchanges also.

i dont unrestand what do u mean, can u clarify?

[ranreichman]

****10****


http://www.zerohedge.com/news/2017-05-27/bitcoin-crashes-1-week-lows-difference-between-fear-and-concern

We have witnessed the huge bitcoin crash as its value dropped 900$ in just a short span of time and many have panicked. Altcoin holders have also sold their coins and the market becomes bloody since red colors signaling the drop of value of almost all altcoins.


http://www.businessinsider.com/bitcoin-price-taking-off-after-one-of-chinas-biggest-exchanges-resumes-withdrawals-2017-6

But starting June 2017 we have seen the steady rise of bitcoins value. The value was recovering and it was possibly due to the Chinas big exchanges. According to the article I qouted the biggest exchanges in China was already allowed to process withdrawals and that has caused bitcoin to rise again.

Isn't it an irony since the bubble before was cause by Chinese exchanges but today the bitcoins crash was saved by the Chinese exchanges also.

What do you mean "was saved by the Chinese exchanges"?

I guess he refers to prices staying above 2,500 dolalrs per coin now

On May, 26 the price crashed massively and went down to 1,800 dollars, and it is assumed that if Chinese exchanges hadn't been allowed to process Bitcoin withdrawals again in early June, the price would have stagnated at those levels or even gone lower. I don't know how genuine is this claim, but the rebound back to almost 3,000 dollars per coin soon thereafter was rather spectacular and should have an explanation (apart from a simple rebound on its own). The Chinese exchanges with their trading volumes surging explain this hike pretty well

Ah interesting, thx. I actually disagree with this. Maybe the Chinese exchanges helped it bump earlier but imo BTC would have recovered anyway.

[Vishnu.Reang]

Of course, it will rise!
Bitcoin is not going to supplant governments or bring down the banks. But as the hype around the digital currency subsides, banks and entrepreneurs are trying to use bitcoin in ways that could revolutionise the banking industry.

It is not going to bring down the governments. But it can bring down at last some of the major banks and companies such as Visa, Mastercard, and PayPal. I admit that it is still too early to dream about Bitcoin dominating the world, but if we can achieve this much in such a short period of time, then nothing will be impossible within a decade or two.

[chikora]

Markets frequently froth and bubble, but the boom in bitcoin, a digital currency, is extraordinary. Although its price is down from an all-time high of $2,420 on May 24th, it has more than doubled in just two months. Anyone clever or lucky enough to have bought $1,000 of bitcoins in July 2010, when the price stood at $0.05, would now have a stash worth $46m. Other cryptocurrencies have soared, too, giving them a collective market value of about $80bn.

Easy to say, but you need to have balls of steel not to sell at USD 10 when you bought in at 5 cents.

[Nevis]

Surely it will rise after that huge drop no matter how much does it drop,volatility at its finest,volatility is all around bitcoins.And altcoins going bloody red is just normal when bitcoins drops its a chain reaction i think

[deisik]

Of course, it will rise!
Bitcoin is not going to supplant governments or bring down the banks. But as the hype around the digital currency subsides, banks and entrepreneurs are trying to use bitcoin in ways that could revolutionise the banking industry.

It is not going to bring down the governments. But it can bring down at last some of the major banks and companies such as Visa, Mastercard, and PayPal. I admit that it is still too early to dream about Bitcoin dominating the world, but if we can achieve this much in such a short period of time, then nothing will be impossible within a decade or two

I tend to disagree with this view, at least, conceptually

It is unlikely that Bitcoin is going to bring down any major government out there, but let's not forget that there are still quite a few corrupted and weak governments in the world (like those of Zimbabwe or Venezuela), and Bitcoin can be one of the causes of their eventual fall and collapse. After all, fiat is one of the tools via which the government can control population (for example, they can easily block the accounts of people who are in opposition to the government), and Bitcoin essentially pulls this tool from the government grip, thereby making the government more susceptible to an overthrow and downfall

[Chin Cheng]

But starting June 2017 we have seen the steady rise of bitcoins value. The value was recovering and it was possibly due to the Chinas big exchanges. According to the article I qouted the biggest exchanges in China was already allowed to process withdrawals and that has caused bitcoin to rise again.

Isn't it an irony since the bubble before was cause by Chinese exchanges but today the bitcoins crash was saved by the Chinese exchanges also.

I am exactly not sure what made the price recover so soon,but one thing i know is that the scaling debate and the bitmain's proposal made an impact in the price and people started panicking and started selling off and i am not sure what made the market to recover so soon,may be there are investors pumping money in it and i am still not certain whether the Chinese removal of restrictions imposed by those exchanges made any impact.

[aTriz]

****10****


http://www.zerohedge.com/news/2017-05-27/bitcoin-crashes-1-week-lows-difference-between-fear-and-concern

We have witnessed the huge bitcoin crash as its value dropped 900$ in just a short span of time and many have panicked. Altcoin holders have also sold their coins and the market becomes bloody since red colors signaling the drop of value of almost all altcoins.


http://www.businessinsider.com/bitcoin-price-taking-off-after-one-of-chinas-biggest-exchanges-resumes-withdrawals-2017-6

But starting June 2017 we have seen the steady rise of bitcoins value. The value was recovering and it was possibly due to the Chinas big exchanges. According to the article I qouted the biggest exchanges in China was already allowed to process withdrawals and that has caused bitcoin to rise again.

Isn't it an irony since the bubble before was cause by Chinese exchanges but today the bitcoins crash was saved by the Chinese exchanges also.

The Chinese bitcoin exchanges has certainly gotten a lot smaller ever since the government stopped bitcoin withdrawals on most of the chinese exchanges such as BTCChina, Huobi, OKCoin etc. and all the trading activity basically moved to localbitcoins which obviously has a 1% fee on all exchanges compared to 0 fee on btcchina, meaning that volume is significantly lower as prfoits have gotten less and less.

I think that the current pump is a healthy one. There is essentially no way that we are going to go under $2000, and if we do, people will buy coins asap because they know from the experience over the past month that bitcoin should be naturally be valued at over $2000. It is nothing like 2013 because if it was, bitcoin would be at $1250 right now instead of $2750.

If we can get more countries to legalize bitcoin, like INdia, austraila, and japan, then i think we can actually turn this "bubble" into a healthy market.

[lombok]

What is the buble? In the bitcoin....

[pooya87]

Markets frequently froth and bubble, but the boom in bitcoin, a digital currency, is extraordinary. Although its price is down from an all-time high of $2,420 on May 24th, it has more than doubled in just two months. Anyone clever or lucky enough to have bought $1,000 of bitcoins in July 2010, when the price stood at $0.05, would now have a stash worth $46m. Other cryptocurrencies have soared, too, giving them a collective market value of about $80bn.

Easy to say, but you need to have balls of steel not to sell at USD 10 when you bought in at 5 cents.

it is not about balls at all. it is just a different strategy.
- you invest as much money as you can lose at some price, it can be 5 cents or it can be $2500 and then you consider it as your long term investment and forget about it for years and come back either to a fortune, or loss or nothing at all. in any case you invested the money you could afford to lose. and also the chances of profit is high.

- the other method is doing constant trading, taking a lot of risks such as your account getting hacked, exchanges getting hacked or scam, exchanges going down because of DDoS or whatever and you miss selling or buying, and a lot more ... and try to make constant profit. in this case yes you would be an idiot not to sell at $10 if you speculated a bubble and a follow up drop. same with latest $2900+

[Emitdama]

Of course, it will rise!
Bitcoin is not going to supplant governments or bring down the banks. But as the hype around the digital currency subsides, banks and entrepreneurs are trying to use bitcoin in ways that could revolutionise the banking industry.

Bitcoin is the best thing ever happened in life.The best currency ever it doesn't concern to banks and other investment corporations.It has own worth and own value but in a future it can effect on banking and other investment corporation.Now a day who are familiar with bitcoin they are investing and spreading to people to invest.

[tsaroz]

Of course, it will rise!
Bitcoin is not going to supplant governments or bring down the banks. But as the hype around the digital currency subsides, banks and entrepreneurs are trying to use bitcoin in ways that could revolutionise the banking industry.

Bitcoin is the best thing ever happened in life.The best currency ever it doesn't concern to banks and other investment corporations.It has own worth and own value but in a future it can effect on banking and other investment corporation.Now a day who are familiar with bitcoin they are investing and spreading to people to invest.

Bitcoin in general will rise. At least until next few halving. But with the problems being seen in the transaction, the value of Bitcoin won't be ever rising.

[South Park]

Markets frequently froth and bubble, but the boom in bitcoin, a digital currency, is extraordinary. Although its price is down from an all-time high of $2,420 on May 24th, it has more than doubled in just two months. Anyone clever or lucky enough to have bought $1,000 of bitcoins in July 2010, when the price stood at $0.05, would now have a stash worth $46m. Other cryptocurrencies have soared, too, giving them a collective market value of about $80bn.

Easy to say, but you need to have balls of steel not to sell at USD 10 when you bought in at 5 cents.

It is not about that, it is about the type of investor you are and what are your expectations, those that did not thought bitcoin could reach that value, most likely sold at that price, but those that understood the great reach that bitcoin had are probably holding to this day, those long term holders are probably waiting for bitcoin to be adopted globally before they sell if they sell at all.

[stupid_seb]

Markets frequently froth and bubble, but the boom in bitcoin, a digital currency, is extraordinary. Although its price is down from an all-time high of $2,420 on May 24th, it has more than doubled in just two months. Anyone clever or lucky enough to have bought $1,000 of bitcoins in July 2010, when the price stood at $0.05, would now have a stash worth $46m. Other cryptocurrencies have soared, too, giving them a collective market value of about $80bn.

Easy to say, but you need to have balls of steel not to sell at USD 10 when you bought in at 5 cents.

When you hesitate, sell 20%, 30% or 50% of your coins.
It's like having just 1 ball ... but of steel.

[RoommateAgreement]

Markets frequently froth and bubble, but the boom in bitcoin, a digital currency, is extraordinary. Although its price is down from an all-time high of $2,420 on May 24th, it has more than doubled in just two months. Anyone clever or lucky enough to have bought $1,000 of bitcoins in July 2010, when the price stood at $0.05, would now have a stash worth $46m. Other cryptocurrencies have soared, too, giving them a collective market value of about $80bn.

Easy to say, but you need to have balls of steel not to sell at USD 10 when you bought in at 5 cents.

When you hesitate, sell 20%, 30% or 50% of your coins.
It's like having just 1 ball ... but of steel.

for some people it is not hesitation, it is not balls either. it is called discipline!
when you analyze something and come to believe that thing will be successful in a couple of years, like bitcoin and how it will be worth $XXX then you won't care about risking all the small rises to pathetic prices such as $10 or $3000. you just keep buying every time there is a dip and hold.

and i think there isn't anybody who has never sold or at least spent bitcoin. i am sure everyone so far have either sold something or used bitcoin to buy something like that pizza story.

[batang_bitcoin]

Surely it will rise after that huge drop no matter how much does it drop,volatility at its finest,volatility is all around bitcoins.And altcoins going bloody red is just normal when bitcoins drops its a chain reaction i think

It is now rising and for sure the price of bitcoin is going to recover. The bloody market is already done and we are going to expect the real pump for the upcoming days. The month of July is going to be a full blast because of the upcoming split on August 1.