And We Are Back!

[subSTRATA]

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.

im all for the growth of bitcoin and all, but at times like these i would very much like to see some stability accompanied by steady growth. as i am typing right now, whatever exchange rate i have set on electrum is showing bitcoin valued at exactly 4500 usd per bitcoin, which is nice and all, but fluctuations of more than 10% either way in the span of a few days isnt exactly the most reassuring thing for bitcoin. my mind is set on the continual growth of bitcoin, but there's always that worry in the back of my mind as to how the next big piece of news might tank bitcoin and cause of chain reaction of panic sells, which would drive the price down even further. in the long term, stability is fundamental to bitcoin's future.

[mevmike]

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!

I agree with you...
It was indeed sensationalize by a lot of FUD.
.
But like with what you've said it will take a longer time before it can fully recover...
Even though we can say that the China's ICO ban was sensationalized it is still true that there is a dump that happened..
And for bitcoin to recover with the same price as last week, I think it will take a week before it can really come back...
But im so glad that the entire crypto community stayed strong despite the situation that happened few days ago...'

[aoluain]

"And we are back" erm yea of course we are
Bitcoin started recovering about 12 hours ago!
i wonder how many people are now hitting
themselves on the head for selling and waking up now
to a price higher than they sold at  

panic over, nothing to see, move along

[bitterguy28]

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?

thats not possible for bitcoin reach again the amount of $4,900 if not reach that this week maybe next week will goes uprise again and again like the last increase almost every pumping the bitcoin price value, i believe bitcoin come again the power continues.

[maeusi]

What bloodbath? Bitcoin made just a little brake from its upturn. Look where it was at beginning of the year. A bloodbath would for me be, if Bitcoin would fall back to 300$.

[CryptoBeefy]

Fingers crossed this is the start of it going back up but im happy for steady progress, definitely wasn't a bloodbath, more a correcrion.

[Mandoy]

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?

That is very possible and its just a matter of weeks and we are going to see soon the 5000$ value of bitcoin. We just need to wait for some time and by the end of September I guess we can see the smiling face of 5000$ value of bitcoin. The expectation on bitcoin by users is very high as they expect it to reach by 10k $ by the end of this year and I hope that will occur.

[leea-1334]

Wow. I really am so surprised by this incredible recovery. I closed my computer yesterday feeling relieved I did not buy a lot of prospects last week when everything was so high and got tempted to get into the market a little bit. Today I check the prices and see everything in green. This is Bitcoin showing off to the world it cannot be taken down. Next disaster, please!

[MattHoo]

The price as of now is indeed bouncing back, but it is unstable, is it really still effected by the bad news around, and China banned ICO? Of course, i do think if it pass by the $4500 psychological barrier this week, it will go back to $4900, just pay patience this moment.

[equator]

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.

You cannot always think that it will bounce back with last high rate it will take time to recover it fully. within this crash immediately it has bounced back 50% that is itself great and it shows how much strong the bitcoin community is

[Svelto]

BTC is almost $4500 at this moment.  IMO, $4900 is possible this week or next week.

[erickkyut]

These kind of scenario is very normal to the crypto market. There will always be ups and downs. It is what makes the market lively. Many traders are very happy now like me because our investments are now back on it's track. The recent price downfall is also a good thing to us because it only means an opportunity to buy more coins on a cheaper price.

[RayvenPierre]

I think Vietnam having bitcoin legalized helped bitcoin's price bounce back even for just a bit. But I don't think that the bitcoin's price will still not be back to its level before the price plunged down beacuse of China banning ICOs and for this it will take some time before the market recovered.

[yugyug]

it is not a bloodbath after but a 15 to 20 percent swing hurts a lot to an active short term traders but not for a long term hodlers. Volatility begets FUDding that's why many are panicking and much more affected by China's ICOs ban, we will through with it and BTC will be back again to normal hype.

[Bilbo Baggins]

It was always going to bounce back, there is such a huge demand for it not to.

[buwaytress]

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 was just saying yesterday about Bitcoin's maturity and resilience, evidenced by how each "catastrophe" has only served to push Bitcoin back temporarily. If anything, this temporary is only getting briefer, allowing Bitcoin to gain fresh momentum to push for new ATHs. There is, however, still a voice at the back of my mind telling me that the long correction has yet to happen and will be nastier the longer delayed. But with this kind of recovery, it's hard not to jump on the optimism =)

I think we're in for a little consolidation at around 4,500 this week though. Still a ways before breaking - and staying above - that nice round 5k target. At any rate, anything above 5k before November will be a good cushion for possible bad outcomes. But go ahead and prove me wrong, Bitcoin.

[Shinpako09]

It's great that it bounce back fast. I've noticed since the good rally started if there is fall it only takes 1day or few more and it's going up again very fast and gonna stay a bit longer on top compared to fall. Which is better for traders coz they can make profit in less time.

[alva5763]

International new can affect any investment. Gold has risen recently due to US and N.Korea. Once that settles gold will drop. Bitcoin is recovering but there will probably be peaks and troughs before it reaches $5000 again.

[zekeshawn]

I don't see bitcoin will be $4,900 this week but I am sure that it will be more than $5,000 by the end of this month. Bloodbath is over as of the moment so we will see a slow rise of both bitcoin and altcoins price.

[Pursuer]

uh man, again with the bloodbath
drops happen, sometimes they are even big drops. this time it was a medium drop or more accurately I have to say it was "2 back to back small drops".

and we are talking about bitcoin here, a drop in bitcoin is not a "bloodbath" it is a celebration. you are getting bitcoin for a much cheaper price than its market value whenever there is a dip. if you choose to believe the FUD and be scared of them you will never succeed in bitcoin market. but if you see past the bullshit and see the real opportunity that is presenting itself to you, you can make a lot of money.

see this topic to see all the same "bloodbaths" so far: https://bitcointalk.org/index.php?topic=1935374.0;all