And We Are Back!

[iamTom123]

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?

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[xianbits]

4900$ again this week is not yet possible, in my opinion. The ICO banning of China is still fresh, at least in my scope. I can still read some articles about it in different platforms esp social media so I think the news has just started to spread. But then, we all know that the bitcoin community is strong enough. Maybe next week, we will be partying at 5000$ and more.

[pooya87]

i don't know why you are calling it a "bloodbath", it was less than a 20% drop and that because of a lot of FUD and a lot of corrections during multiple steps, not just at once. and we have had huge drops like 35% in the past that make this one look ridiculously small.

in any case i agree that we are back. i was expecting a little more time before we get back so close to $4500 but the market has changed a lot. i think more people are starting to realize the FUD and buy as fast as possible. before it took a longer time before they realize and start buying, now they all know!

[rjbtc2017]

As of now the price is playing between $4200 to $4500 , i think this week is really the bloody week for bitcoiners, but i do not really think that China will let Bitcoin's price will dip this very low since they have a large mining facilities but i'm not sure with this, i just hope it will go upward again.

[HabBear]

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!

You're kidding, right? Do you read the news? Every news article about Bitcoin is talking about crash and the bubble popping. It's hilarious. The media is too slow for Bitcoin swings. It also has a destructive effect. These late and largely void of perspective articles keep the new people, the newly curious, away from Bitcoin for a little bit longer. I hope the newly curious can do their own research and think for themselves...it's the only way to see past the doom and gloom that the media and pundits are preaching from the sidelines.

[LouVandetta]

The price as of now is indeed bouncing back, that's true.
Altcoins, too, now started going up.
So, is it really because all of those fud, bad news around, and China banned ICO?
Well, and $4500 is possible on the next day, but $4900 within this week, let's wait and see.

[alyssa85]

i don't know why you are calling it a "bloodbath", it was less than a 20% drop and that because of a lot of FUD and a lot of corrections during multiple steps, not just at once. and we have had huge drops like 35% in the past that make this one look ridiculously small.

in any case i agree that we are back. i was expecting a little more time before we get back so close to $4500 but the market has changed a lot. i think more people are starting to realize the FUD and buy as fast as possible. before it took a longer time before they realize and start buying, now they all know!

He's a noob 

A bloodbath was what we experienced in 2014 when bitcoin went from $1000 to $200 and then traded in the $200 - $400 range for another two years.

[kriticko29]

We should accept that china''s ban against bitcoin is a big loss in our industry but china is not the only country that dictates the price of bitcoin. We can see now that bitcoin is already bouncing back to its healthy form again. We shouldn't worry and continue in trusting the business

[BTCLovingDude]

bitcoin market is very kind to its investors!

from time to time there are people who are left behind or want to start investing in bitcoin but find the price too high to invest or are scared because of the fast rise.
market smiles upon them and gives them what they are secretly hoping for: "a discount".
this time it was a medium discount and it only lasted for 3 days. you can think of it as the last summer sale. and now it is over.

[drm]

We should accept that china''s ban against bitcoin is a big loss in our industry but china is not the only country that dictates the price of bitcoin. We can see now that bitcoin is already bouncing back to its healthy form again. We shouldn't worry and continue in trusting the business

There is no ban against bitcoin!
They have banned ICO's, big difference.

[Nahl]

i'm slightly worried because several days ago majority cryptocurrencies price was dropped and china ban for ICO project seems only have temporary effect to bitcoin that since yesterday the price has bouncing back again however for those who able to utilize the situations and buy at $41xx seems had good profit today

[romecheo]

You absolutely right!, Bitcoin back in more better shapes. Hiccups will surely happen to any crypto currencies, and what best thing with Bitcoin, it was immune to hiccups.

Bitcoin may decline in value for a day or two, then it will rage climbing for a week or more.

[Fappanu]

That's so powerful bitcoins. We've seen it just before the bitcoins have fallen to roughly 2,700 $ and climbed again to 4000 $ so it's not likely that it will happen again to climb a little bit more slowly. And I think it's not only $ 4,900 that can be raised if it is not $ 5,000 while the end of the year is nearing. So we are still enjoying it the time the bitcoins branches have begun.

[Bittoshi]

Bitcoin should be immune towards ICO ban in China. It's not ICO based like NEO or Ether. So this small price crash was a good opportunity for hodlers to buy more BTC.

[DyllanGM]

Yed definitely bitcoin is back,  after the shakedown China has given it.  And all other cryptos are rising as well.

[Reez]

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?

In all fairness, it did get to almost $5,000 and is only $4,450 now which means still 10% lower than it was before.

[RoommateAgreement]

i was very busy this week and i missed the dip myself. otherwise whenever there is a big dip like this i usually make a new topic warning people to "buy the dips".

this was exactly like the other times there was a big dip, a good chance to buy bitcion. exactly like the previous ones such as the $3700 dip in late August or the $1800 dip in mid July.

[okissabam]

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.

[suvo05]

That's so powerful bitcoins. We've seen it just before the bitcoins have fallen to roughly 2,700 $ and climbed again to 4000 $ so it's not likely that it will happen again to climb a little bit more slowly. And I think it's not only $ 4,900 that can be raised if it is not $ 5,000 while the end of the year is nearing. So we are still enjoying it the time the bitcoins branches have begun.

Yes really bitcoin is so strong. And I think it is more powerful than ever after the 1st Aug. If has grown significantly after that day and only have a small impact of banning ICOs in china (gives traders a chance to buy it) And it back in its own track again.

[leirou]

It very possible that bitcoin is going to bounce back now as per the demands getting higher but it is also not impossible that the correction is not over yet. But in overall there is a great possibility of it bouncing now.