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Author Topic: Finally, Bitcoin is Bouncing Back!  (Read 951 times)
iamTom123
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July 18, 2017, 03:44:55 PM
 #1

The past two weeks are very historical for Bitcoin...this was the time when we saw a bloodbath for the cryptocurrency market. The official color became red as Bitcoin and other coins faced a great test of their resiliency and strength. Induced by that great fear for the possibility of a split in the Bitcoin network and the mess that can come afterwards, many Bitcoin holders converted their Bitcoin to cash and other coins.

Now, Bitcoin is already on the mode to fight back as we are already in the vicinity of $2,350 and because the split rumor is already dying down the value can now easily go up even up to $2,500 soon.

Is it time to party or should we still have to be cautious?


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July 18, 2017, 03:56:32 PM
 #2

The price was never going to continuously tank for long. Nothing particularly bad has happened, there won't be a fork soon so it was all just FUD & trolling which made noobs & weak hands panic sell.

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July 18, 2017, 04:24:39 PM
 #3

The price was never going to continuously tank for long. Nothing particularly bad has happened, there won't be a fork soon so it was all just FUD & trolling which made noobs & weak hands panic sell.
There will definitely be a rise and fall in the bitcoin world. So what happens now is probably a normal thing. In addition, the declining factor of bitcoin prices is influenced by how many sell and require bitcoin. For now everything has returned to positive tracks. Bitcoin prices have increased again and let us see whether it can pass 2600USD or even better.

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July 18, 2017, 04:45:45 PM
 #4

The past two weeks are very historical for Bitcoin...this was the time when we saw a bloodbath for the cryptocurrency market. The official color became red as Bitcoin and other coins faced a great test of their resiliency and strength. Induced by that great fear for the possibility of a split in the Bitcoin network and the mess that can come afterwards, many Bitcoin holders converted their Bitcoin to cash and other coins.

Now, Bitcoin is already on the mode to fight back as we are already in the vicinity of $2,350 and because the split rumor is already dying down the value can now easily go up even up to $2,500 soon.

Is it time to party or should we still have to be cautious?


At least we are heading on the right direction now, unlike a couple of days seeing the price fall is frustrating. Again, weak hands has been shaken. So its time to buy back bitcoin again and join the bandwagon. But still, we need to be cautious because there are still fresh new waves of FUD going on that will cause panic again to some of our members to sell your bitcoin because of the apparent network split.

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July 18, 2017, 04:53:43 PM
 #5

The past two weeks are very historical for Bitcoin...this was the time when we saw a bloodbath for the cryptocurrency market. The official color became red as Bitcoin and other coins faced a great test of their resiliency and strength. Induced by that great fear for the possibility of a split in the Bitcoin network and the mess that can come afterwards, many Bitcoin holders converted their Bitcoin to cash and other coins.

Now, Bitcoin is already on the mode to fight back as we are already in the vicinity of $2,350 and because the split rumor is already dying down the value can now easily go up even up to $2,500 soon.

Is it time to party or should we still have to be cautious?


At least we are heading on the right direction now, unlike a couple of days seeing the price fall is frustrating. Again, weak hands has been shaken. So its time to buy back bitcoin again and join the bandwagon. But still, we need to be cautious because there are still fresh new waves of FUD going on that will cause panic again to some of our members to sell your bitcoin because of the apparent network split.
You still afraid of down fall of the price you don't still realize that bitcoin will be still increase its value.. And think that developers are not doing just to damage bitcoin they are always improving the use of bitcoin since they testing and some miners are running segwit and nothings happen it means bitcoin is ok after this august 1 so expect that bitcoin will be increase more expect this few more days we will see a large price increase..

..Decision from segwit2x is not Final..
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July 18, 2017, 06:22:46 PM
 #6

The past two weeks are very historical for Bitcoin...this was the time when we saw a bloodbath for the cryptocurrency market.

We really only had 1 week of falling prices from $2540 on June 9 down to $1830 on June 16. This represented a 28% dip, smaller than the 33% dip in only 3 days from $2700 on May 25 to $1800 on May 27. (All prices at Stamp).

Most of the recent dip happened in 3 days between June 14-16 and was simply panic caused by ignorance.

Within 2 days the price has rebounded by 28% to $2345.

This was hardly what I'd call "historical". It's more like typical Bitcoin volatility.
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July 18, 2017, 06:23:21 PM
 #7

I already imagine how those people who sold bitcoin at 1900$, with the scare of the August the 1st, how they must be regret now Grin
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July 18, 2017, 06:28:51 PM
 #8

I already imagine how those people who sold bitcoin at 1900$, with the scare of the August the 1st, how they must be regret now Grin

How about those who bought at $1900?

They (we) must be pretty happy now.  Wink
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July 18, 2017, 08:19:43 PM
 #9

Bitcoin bouncing back up does not guarantee us at all that it is the end of crashing. Let us take note that we haven't went through the August 1st yet. There are several days left and we might encounter tremendous volatility as we go closer to the date. And as to what you've said, we better be cautious and aware of what might happen in the near future. It is best to be safe than sorry, right?

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July 18, 2017, 08:31:17 PM
 #10

This is starting to feel like more than a bounce.

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July 18, 2017, 08:38:24 PM
 #11

Bitcoin bouncing back up does not guarantee us at all that it is the end of crashing. Let us take note that we haven't went through the August 1st yet. There are several days left and we might encounter tremendous volatility as we go closer to the date. And as to what you've said, we better be cautious and aware of what might happen in the near future. It is best to be safe than sorry, right?

If price crashes on August 1st then also there is nothing to worry as it will bounce back again in future and that we have seen many times in the past but right now its good to see that price going higher once again and in coming days we can expect much higher price of bitcoins.



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July 18, 2017, 10:05:49 PM
 #12

I already imagine how those people who sold bitcoin at 1900$, with the scare of the August the 1st, how they must be regret now Grin
Those people who sold their bitcoin in that price they are not thinking what actually bitcoin is and they are honestly afraid about segwit activation this coming august. they are not thinking that segwit is just a piece of code that can improve bitcoin performance..
Well they are now regretting they are still push the price down and now regret hope that they can realize right now what the wrong and the right decision..

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July 18, 2017, 10:25:29 PM
 #13

I already imagine how those people who sold bitcoin at 1900$, with the scare of the August the 1st, how they must be regret now Grin

How about those who bought at $1900?

They (we) must be pretty happy now.  Wink

I'm full of regret that I didn't scoop up more! Tongue

Either way I don't think we're done yet and will revisit the sub 2000s again soon, although I don't expect that discount to last for long. Sub 1800s seem out of reach as well.

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July 18, 2017, 10:28:05 PM
 #14

Been Holding a long time now and been through so many bitcoin shit storms Gox, Numerous Hacks on Exchanges the China Bitcoin Bans, Failed ETF's, Fed sell off to name a few, Have learned to stay relatively cam and Hold been a few lessons learned the hard way.

So to the Question was this market manipulation on a grand scale from Bitmain and chums they knew the shit storm they where creating, they knew this would depress the price and they knew when they signaled ( being by far the biggest player) they would signal a price recovery? 25% profit in  week
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July 18, 2017, 10:42:39 PM
 #15

When the price of bitcoin breached the resistance of $2000 i never expected the price to bounce back before August ,but it is really interesting to see how strong bitcoin is as people are buying the coins when ever the price goes down,i thought the August drama will scare investors and i am totally wrong,would like to see how the price would be at the end of July.














 

 

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July 18, 2017, 10:51:26 PM
 #16

When the price of bitcoin breached the resistance of $2000 i never expected the price to bounce back before August ,but it is really interesting to see how strong bitcoin is as people are buying the coins when ever the price goes down,i thought the August drama will scare investors and i am totally wrong,would like to see how the price would be at the end of July.

Price may go down as we get close to the end of the month but its good to see that price is going higher now and if people continue to buy then we can expect the same rise in coming days too and it would be very interesting too see what will be the price after the segwit activation.



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Grant Hero
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July 18, 2017, 10:59:59 PM
 #17

The past two weeks are very historical for Bitcoin...this was the time when we saw a bloodbath for the cryptocurrency market. The official color became red as Bitcoin and other coins faced a great test of their resiliency and strength. Induced by that great fear for the possibility of a split in the Bitcoin network and the mess that can come afterwards, many Bitcoin holders converted their Bitcoin to cash and other coins.

Now, Bitcoin is already on the mode to fight back as we are already in the vicinity of $2,350 and because the split rumor is already dying down the value can now easily go up even up to $2,500 soon.

Is it time to party or should we still have to be cautious?


Speculation and manipulation will continue to cause fluctuations in price including spikes and crashes; however, digital currency is part of the future and we are only on the cusp. As adoption and education increases in this space, consolidation will occur and the most popular cryptocurrencies will hold the most value.  Bitcoin has a strong future.  Depending on your investment timeline, $2,500 can be an expensive or cheap price.  Five months from now, no one knows.  Five years from now, $2,500 will be considered very cheap.

shinratensei_
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July 18, 2017, 11:05:47 PM
 #18

Seems my prediction about the bouncing of the bitcoin price to be true. That looks a lot of people get panic buy again. I think that the possibility of the bitcoin price to get recover after the hardfork is really big.
Because just take a night for the price of bitcoin to get a bounce back again. I'm already buying in the panic sell.  Roll Eyes

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TribalBob
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July 18, 2017, 11:09:40 PM
 #19

Seems my prediction about the bouncing of the bitcoin price to be true. That looks a lot of people get panic buy again. I think that the possibility of the bitcoin price to get recover after the hardfork is really big.
Because just take a night for the price of bitcoin to get a bounce back again. I'm already buying in the panic sell.  Roll Eyes

Well even I bought some bitcoins few days back as we need to take an advantage of panic sell by buying at lower price and now I am waiting for the August 1st and see what price its gonna show us and I am very much positive that price will go higher after the activation of segwit.



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deisik
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July 19, 2017, 10:22:49 AM
 #20

Bitcoin bouncing back up does not guarantee us at all that it is the end of crashing. Let us take note that we haven't went through the August 1st yet. There are several days left and we might encounter tremendous volatility as we go closer to the date. And as to what you've said, we better be cautious and aware of what might happen in the near future. It is best to be safe than sorry, right?

I agree that it is too early to tell

We have yet to see July, 21st to draw any definite conclusion. Rogue miners still have plenty of time to pull off some dirty trick on us in particular and Bitcoin as a whole. As the saying goes, don't count your chicks before they get laid. We should still wait till the end of July and likely early August to get an idea where the wind blows. Apart from that, even if SegWit gets successfully activated when the time comes, we will still be living under the threat of some serious bug sitting in the SegWit code, at least, for some time (likely for a few months or so)

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