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ivrynx
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October 25, 2017, 11:16:16 AM |
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It seems to be a pumped and dump, this is probably due to bitcoin gold being hyped, a lot of people wanted to have free cash in the form of bitcoin gold, however after having bitcoin gold, it seems that people also dumped bitcoin gold after having it. The dump we are seeing now wiht bitcoin is a healthy pullback, since it was just hyped out of the fork, we will now begin to see a correction in the price of bitcoin in the coming days, knowing that a lot of countries already legalized bitcoin, we may see a lesser volatile bitcoin this time, and a gradual increase will show what is the real value of bitcoin, and next month therr will ba another fork, we might see the same scenario, hopefully the price of bitcoin had stabilize around 6000 usd by that time.
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"You Asked For Change, We Gave You Coins" -- casascius
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tweetbit
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October 25, 2017, 11:34:35 AM |
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The top is in i guess? lower low downtrend begins!
Of course that's expected. Whatever goes up must go down eventually. The question now is what's the next floor? It is science “the law of gravity”. And agree with what you said. The next is that after the fork it will eventually increases. This is not about pump and dump and it was not like a normal doing in bitcoin as it requires more money than altcoin pumping and dumping. It is a natural way of human expectation and perception. |
HODL
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oegarod
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October 25, 2017, 11:48:48 AM |
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The top is in i guess? lower low downtrend begins!
Of course that's expected. Whatever goes up must go down eventually. The question now is what's the next floor? It is science “the law of gravity”. And agree with what you said. The next is that after the fork it will eventually increases. This is not about pump and dump and it was not like a normal doing in bitcoin as it requires more money than altcoin pumping and dumping. It is a natural way of human expectation and perception. Whether it's law of gravity or something else, but till now after price decrease it gradually increase or after certain time period it increases to reach higher value. Now too, based on the fork the price has decreased and hope the price will soon start to increase and cross the $6000 mark before the month end. |
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andylowe
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October 25, 2017, 11:57:08 AM |
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The top is in i guess? lower low downtrend begins!
Yes of course! Bitcoin is unstoppable! It will experience Downs but definitely do up again and will continue to rise as the years go by.I'm seeing bitcoin's price will go up to $25,000 for the next 5 years. |
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STEVEN 777
Newbie
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Activity: 53
Merit: 0
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October 25, 2017, 12:04:59 PM |
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The top is in i guess? lower low downtrend begins!
price now isnot away from 6,000$ so need only one good new to pump it and may be stable on it like 5,000$ |
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BCTBF
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October 25, 2017, 01:45:38 PM |
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The top is in i guess? lower low downtrend begins!
price now isnot away from 6,000$ so need only one good new to pump it and may be stable on it like 5,000$ Yes it seems that 5,000$ will be stable in the next few weeks, we will see what will happen before and after segwit, hopefully there will be good news that we can see later. |
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trobin
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🤖UBEX.COM 🤖
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October 25, 2017, 01:54:04 PM |
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It's not really a true pump and dump mind you, the price was pumped because people wanted their bitcoin gold, now they've got it they don't need their bitcoin and are probably looking to get back some previous holdings.
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Kronos21
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October 25, 2017, 02:03:14 PM |
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The fact that people wanted to bitcoin gold, and so kept their coins is not in doubt. What will be the price rollback after the junction is clear. But I confess that I was surprised that the price stopped at $ 5,500. This is a great result. For me it is an indication that bitcoin has a great potential for growth.
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sorrysteve1
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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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October 25, 2017, 02:54:40 PM |
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The fact that people wanted to bitcoin gold, and so kept their coins is not in doubt. What will be the price rollback after the junction is clear. But I confess that I was surprised that the price stopped at $ 5,500. This is a great result. For me it is an indication that bitcoin has a great potential for growth.
Likewise, I expected 5000 would be threatened, it still might but I suspect if so it won't go much lower. |
﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏
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nydiacaskey01
Legendary
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Activity: 1834
Merit: 1036
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October 25, 2017, 03:03:10 PM |
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You may have noticed that Altcoins went down because Altcoin holders want to receive airdrop of Bitcoin Gold and now that its over its back to Alts again and Bitcoin is slowly going down. This may not be the end of this because I read somewhere about the plan for Bitcoin Silver, so prepare your self for another round of fork and $7,000 to $8,000 maybe reached before the fork.
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omonuyak
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October 25, 2017, 03:03:35 PM |
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The top is in i guess? lower low downtrend begins!
I think we are having corrections and bitcoin trying to gather momentum for the next push. currently price has tested $5515 support area three times and could not breakthrough and I think we would see bitcoin get back on it bullish push. I don't think we would have a pump and dump as this last week upwards movement was a significant one. We would cross $7,000 before end of this year. |
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aardvark15
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October 25, 2017, 05:33:21 PM |
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The top is in i guess? lower low downtrend begins!
The rise to $6000 could have been a pump and dump or even just a lot of buyers wanting BTG and then buying stopped. It’s hard to say the reason but usually after a big increase or pump, there is some kind of drop and many times it is a bigger drop or a correction. I still think this gives us an opportunity to buy at a lower price because the price of Bitcoin will eventually go back past $6000 again. |
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Coffee135
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October 25, 2017, 05:45:55 PM |
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You may have noticed that Altcoins went down because Altcoin holders want to receive airdrop of Bitcoin Gold and now that its over its back to Alts again and Bitcoin is slowly going down. This may not be the end of this because I read somewhere about the plan for Bitcoin Silver, so prepare your self for another round of fork and $7,000 to $8,000 maybe reached before the fork.
I don't understand the logic. Why bitcoin is more expensive during the fork? Each time it leaves a certain capital. On the contrary it should reduce the price. If I can't find a logical economic explanation for this makes me think that such a price is artificial. This means that in future we can expect a breakthrough of the dam. Sorry. It was conceived well. |
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Gabb
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October 25, 2017, 06:08:11 PM |
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People tend to lose their patience very easily these days. Apparently you have not yet realized that markets do not work in a straight line, but in waves, where after a sharp rise comes a correction. But, in short, with a little more experience you will be able to face this type of oscillations.
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Bustart
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October 25, 2017, 08:26:14 PM |
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The top is in i guess? lower low downtrend begins!
Of course that's expected. Whatever goes up must go down eventually. The question now is what's the next floor? It is science “the law of gravity”. And agree with what you said. The next is that after the fork it will eventually increases. This is not about pump and dump and it was not like a normal doing in bitcoin as it requires more money than altcoin pumping and dumping. It is a natural way of human expectation and perception. These 'pump and dump" was the term being used by some industries where promoters talk up a stock to a new wave of sucker investors, then they dump it for profit. That was according from the article that I reviewed. Base of these, let me say that this $6000 is just another "pump and dump" if we were going to base its current price. Is there anybody wants to correct me? |
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