And We Are Back!

[d5000]

we already know it's possible; before the news of China's ico ban, bitcoin was at 4970 usd per coin.

I remember it a bit different: At 4970 the price started to drop, before the news were out. It was the fall under $4500 approximately that was probably triggered by the ICO ban/regulation (have still not read a convincing translation into English ... does somebody know one?).

So I think that the correction was more due to resistance at the $5000 level. It went lower because of the news, but it would have occurred anyway, because of profit taking.

I honestly doubt if BTC will see $4970 again in 2017. It's certainly possible, but I think we're now inside the well-known "dead cat bounce" or "bull trap". Maybe there is another bullish leg, but this bubble won't last forever (I predict a more substantial correction in October).

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[9000]

It seems we're going down to $4250 territory, but in crypto anything and everything will happen, this can be a bull flag and we go up, way up.

Are you guys shorting?

[13abyknight]

It's pretty simple to do the aftermath in this situation, China and other countries banned ICOs and most of these were funded by Bitcoin or altcoins. Since Bitcoin has no direct relation with ICOs, we can infer that it shouldn't have a major impact on the price of Bitcoin and it took some time for everyone to realise this after the mini crash. Now that everything is cleared up, I would expect it to be back on track.

[valov88]

Bitcoin is now officially bouncing back! After such a bloodbath that occurred right after Bitcoin has almost won over the $5,000 wall and triggered further by the China ICO ban effect, we can now see and see that Bitcoin is already back for good...and it is about to get over the $4,500 hurdle (again!).

As I am writing this thread, Bitcoin is hovering over the $4,400 range and I am hoping that tomorrow or the day after it can be able to ditched the $4,500 psychological barrier.

Slowly, we are hearing less of the many prophets of doom and gloom and I am expecting that soon we can instead be hearing more of press releases coming from the other side of the isle: the prophets of boom!

Do you think we can be able to be back at $4,900 within this week?

I think that $4,900 in this week is a bit unlikely, but near future for sure! ;-) I also believed in btc to bounce back quite quickly and am very happy that I was right. Btc is on a very good path for the future.

[SUDARMONO]

I think the bleeding is only temporary, I'm sure the bitcoin will turn back steadily and go up again to $ 4500 and more, and I will soon happen, please do not panic to sell it if you do not want to lose, that's my advice.

[konco_kenthel]

If I think this week can not be because there are still disruptions from the Chinese government that has unexpectedly forbidden the existence of ico so it could also affect the price development this week. Maybe after a period of 2 to 3 months new can return to the previous value so we still have the spirit in finding coins from the bounty.

[audaciousbeing]

I think the bleeding is only temporary, I'm sure the bitcoin will turn back steadily and go up again to $ 4500 and more, and I will soon happen, please do not panic to sell it if you do not want to lose, that's my advice.

The same view I share with you because the set back is always temporary but that will be to someone who is already used to the way things are done over here but for someone who bought at the peak of $4900+ its going to be a long wait which is most times discouraging for having to check the price every now and then to determine what is really going on. Everyone is optimistic and hopeful that things will turn out well as the recovery path is already set which I believe its going to be kept alive.

[fullhdpixel]

In my own opinion I think we can reach back that price within a couple more weeks for bitcoin has to be stable first before recovering from the China ICO ban news. But I do hope it could recover back by the end of this week, I think a lot of people are wishing for that to happen. Either way, no matter how many stones are thrown at Bitcoin it will always find its way back and make a good comeback thereafter.

I am not very much sure about the time bitcoins need to reach the previous highest value but it appears to me that bitcoins are again going to put on a great show. Feeling enthusiasm in the air!
Last few days were really horrible, like a nightmare and finally the dawn is breaking now.

[Lmaooo]

Bitcoin value has finally recovered from the Chinese storm that recently took place in the market. Hoping to see more better days of bitcoin and the rest of Altcoins too.

[d5000]

I don't trust this upmove. The volume is lower every day, and Bitcoin isn't still able to create a stable upward price channel. I think it's a bull trap/dead cat bounce.

There could be a new attack to $5000, I'm not ruling it out, but I think it will fail. There is also a possibility of a bullish-looking triangle, for the following weeks (with an intermediate downmove to ~$4200) but it's too close to the November fork, so I don't expect a break-out to the upside.

As I already said in another thread, be very, very careful.

[jagdeepjd]

Bitcoin is now officially bouncing back! After such a bloodbath that occurred right after Bitcoin has almost won over the $5,000 wall and triggered further by the China ICO ban effect, we can now see and see that Bitcoin is already back for good...and it is about to get over the $4,500 hurdle (again!).

As I am writing this thread, Bitcoin is hovering over the $4,400 range and I am hoping that tomorrow or the day after it can be able to ditched the $4,500 psychological barrier.

Slowly, we are hearing less of the many prophets of doom and gloom and I am expecting that soon we can instead be hearing more of press releases coming from the other side of the isle: the prophets of boom!

Do you think we can be able to be back at $4,900 within this week?

yes we could have bounced back close 5000$ but then again chinese are playing around with the market now with some chinese exchanges ban rumours .

[PoopieLaxitive31]

Bitcoin is now officially bouncing back! After such a bloodbath that occurred right after Bitcoin has almost won over the $5,000 wall and triggered further by the China ICO ban effect, we can now see and see that Bitcoin is already back for good...and it is about to get over the $4,500 hurdle (again!).

As I am writing this thread, Bitcoin is hovering over the $4,400 range and I am hoping that tomorrow or the day after it can be able to ditched the $4,500 psychological barrier.

Slowly, we are hearing less of the many prophets of doom and gloom and I am expecting that soon we can instead be hearing more of press releases coming from the other side of the isle: the prophets of boom!

Do you think we can be able to be back at $4,900 within this week?

And we're down again.... damn that chinese government

[Smarty14392]

Bitcoin value has finally recovered from the Chinese storm that recently took place in the market. Hoping to see more better days of bitcoin and the rest of Altcoins too.

Hahahaha finally it happened. Many people were really tensed as the market was showing some anger towards profit. Many of them just got panic and sold their assets getting not much profit. So it is good that the things are getting out of the whales somehow and market is reviving again.

[valov88]

Bitcoin is now officially bouncing back! After such a bloodbath that occurred right after Bitcoin has almost won over the $5,000 wall and triggered further by the China ICO ban effect, we can now see and see that Bitcoin is already back for good...and it is about to get over the $4,500 hurdle (again!).

As I am writing this thread, Bitcoin is hovering over the $4,400 range and I am hoping that tomorrow or the day after it can be able to ditched the $4,500 psychological barrier.

Slowly, we are hearing less of the many prophets of doom and gloom and I am expecting that soon we can instead be hearing more of press releases coming from the other side of the isle: the prophets of boom!

Do you think we can be able to be back at $4,900 within this week?

And we're down again.... damn that chinese government

Oh cheer up ;-) it's already getting back on its feet. Today is a better day for btc. You must not lose hope every time the price drop a bit. See it as an opportunity to buy at a lower price.

[Siren]

Bitcoin is now officially bouncing back! After such a bloodbath that occurred right after Bitcoin has almost won over the $5,000 wall and triggered further by the China ICO ban effect, we can now see and see that Bitcoin is already back for good...and it is about to get over the $4,500 hurdle (again!).

As I am writing this thread, Bitcoin is hovering over the $4,400 range and I am hoping that tomorrow or the day after it can be able to ditched the $4,500 psychological barrier.

Slowly, we are hearing less of the many prophets of doom and gloom and I am expecting that soon we can instead be hearing more of press releases coming from the other side of the isle: the prophets of boom!

Do you think we can be able to be back at $4,900 within this week?

And we're down again.... damn that chinese government

Oh cheer up ;-) it's already getting back on its feet. Today is a better day for btc. You must not lose hope every time the price drop a bit. See it as an opportunity to buy at a lower price.

Correct, the price is going green now trading at around $42xx and possible going to $43xx at the end of the day. Yesterday, I though that we are already in the road to recovery but somewhat another dump has occurred pulling back the price to $4100. Hope that today is gonna be a good day for cyrpto because I'm seeing that almost coins are going green once again. Let's wait and see if this will continue up to the end of the week. For holders, this is a good day for them seeing that the price has somewhat increased.

[nickfury]

The blood had stopped flowing, the Green is back. I hope the BTC will keep the price of $ 4300 to the end of the day, and continued to bounce back in the next day. The panic is over, you think BTC will reach 4500 $ by the end of September this?

[btc78]

we already know it's possible; before the news of China's ico ban, bitcoin was at 4970 usd per coin.

I remember it a bit different: At 4970 the price started to drop, before the news were out. It was the fall under $4500 approximately that was probably triggered by the ICO ban/regulation (have still not read a convincing translation into English ... does somebody know one?).

So I think that the correction was more due to resistance at the $5000 level. It went lower because of the news, but it would have occurred anyway, because of profit taking.

I honestly doubt if BTC will see $4970 again in 2017. It's certainly possible, but I think we're now inside the well-known "dead cat bounce" or "bull trap". Maybe there is another bullish leg, but this bubble won't last forever (I predict a more substantial correction in October).

I also noticed that, but one should look the timing of the announcement as well. I think some may have already a inside information that the Chinese is going to release the ICO banning news that's why 2 days prior upon reaching the top, there is a sudden dip, maybe investors are cashing out, or some Chinese investors has started to dump before the news comes out.

[rocketbits]

I think that the bad effect of the news China banned ICOs is already dying down and I think notwithstanding the more frequent fluctuations the bitcoin price upward trend will continue. I don't say what price will bitcoin be at the end of the week but yes it's going to be higher than it is now.

The banning does not relate to the drop of the bitcoin price. Bitcoin is dumped because it hit the new peak. That is all. Now, whales are collecting more cheap bitcoin so that in the future, they will start another pump in the bitcoin price. They know that bitcoin will soon cross $5000. Nothing can stop bitcoin from now

I don't know why people are creating a fuss out of China's decision. Let them do what they want. They haven't made any harm to BTCs. In fact those guys are among the top five nations who have supported bitcoins. ICOs are a whole different issue as you said.

[d5000]

And We Are .... Back Down!

I hope many of you have followed my advice.

Well, the further down it goes, the less dangerous it is to re-buy. So below $3500 long-term bulls and daytraders (because of likely bounces) can begin to think again to fill up their wallets if they're impatient . But as far as I know the fork danger for November hasn't ceased. So a dip under $2000, even down to $1000 is still a possibility.

[Harriti]

Bitcoin is now officially bouncing back! After such a bloodbath that occurred right after Bitcoin has almost won over the $5,000 wall and triggered further by the China ICO ban effect, we can now see and see that Bitcoin is already back for good...and it is about to get over the $4,500 hurdle (again!).

As I am writing this thread, Bitcoin is hovering over the $4,400 range and I am hoping that tomorrow or the day after it can be able to ditched the $4,500 psychological barrier.

Slowly, we are hearing less of the many prophets of doom and gloom and I am expecting that soon we can instead be hearing more of press releases coming from the other side of the isle: the prophets of boom!

Do you think we can be able to be back at $4,900 within this week?

And we're down again.... damn that chinese government

Oh cheer up ;-) it's already getting back on its feet. Today is a better day for btc. You must not lose hope every time the price drop a bit. See it as an opportunity to buy at a lower price.

Yeah, I like the crypto market has some FUD, it helps me have many opportunities for shopping altcoin and Bitcoin with cheap price while panic seller from anywhere . Buy in dips price and sell when all traders feel happy