And We Are Back In The Game!

[Izarok]

Officially, Bitcoin is back in the vicinity of $7,200 and there is a big chance it can surge ahead and toppled the $7,500 level soon. Does it mean that Bitcoin is now back in the game after the 'attack' and being sluggish for some days?

Well, we are hoping that this can be the start of something bigger for Bitcoin and there would be no big correction happening again. The message here is quite clear: Nobody can kill the King...if China was not able to deter Bitcoin from growing how can its spin-off do the crippling damage they wished for?

But then again, it is not good to brag as we don't know what can be in the next few days and months so let's just be happy that maybe we can say that we are into the game and that Bitcoin is really here to stay for good.

The bleeding already stop and it is now climbing back! It even broke $7500 mark and the pricing is currently at $7700. Better days ahead and we might reach $8000 in less than a month or so.

[hase0278]

The bleeding already stop and it is now climbing back! It even broke $7500 mark and the pricing is currently at $7700. Better days ahead and we might reach $8000 in less than a month or so.

We might also see higher prices than that, bitcoin is climbing up at a good rate IMO and at this rate it might even climb to 8500$ before the end of this year. By Christmas eve, there might be a significant boost in price for all coins considering that people by that time would have had invested more money from their 13 month pay. I am sure that a lot of action will happen a week before new years eve. For now, I can say at least that what's happening right now is truly enjoyable.

[topper26]

almost at 8k lady and gents

[thecodebear]

almost at 8k lady and gents

yes sir! just saw it get up to 7985! Will we break 8000 today??

[exstasie]

Well there you have it, as soon as we broke $7597 we shoot up to $7830, with the subsequent struggle to break $7888. We need to beat that stupid wick to consolidate the current bull market. I hope this is not a double top.

Something I've learned trading this market for years now: they always try to paint a double top. As expected, bulls pushed a new all-time high above $8000, and bears tried to immediately dump it to $7700.

Coming off a V-bottom as we did, I wouldn't worry about this short-term volatility. Once we work through short term supply near the previous highs (upper $7000s), we're off to the races again, back into uncharted territory.

And given that we held the parabolic structure, I'm inclined to think the incoming volatility is going to be insane. I wouldn't be surprised to see $10,000 in a matter of days.

[eminemcookie]

Officially, Bitcoin is back in the vicinity of $7,200 and there is a big chance it can surge ahead and toppled the $7,500 level soon. Does it mean that Bitcoin is now back in the game after the 'attack' and being sluggish for some days?

Well, we are hoping that this can be the start of something bigger for Bitcoin and there would be no big correction happening again. The message here is quite clear: Nobody can kill the King...if China was not able to deter Bitcoin from growing how can its spin-off do the crippling damage they wished for?

But then again, it is not good to brag as we don't know what can be in the next few days and months so let's just be happy that maybe we can say that we are into the game and that Bitcoin is really here to stay for good.

Well as of the time of typing bitcoin is hovering around 8000 usd so the recovery is already complete! I would be a little hesitant over the price in the coming days as I wouldn't be surprised to see a double dip. China was able to deter bitcoin from growing for a little  while and if there are any larger regulatory changes then who knows what may happen. China's biggest route of influence would probably be via miners instead of investors.

[ahmadakbari]

Well as of the time of typing bitcoin is hovering around 8000 usd so the recovery is already complete! I would be a little hesitant over the price in the coming days as I wouldn't be surprised to see a double dip. China was able to deter bitcoin from growing for a little  while and if there are any larger regulatory changes then who knows what may happen. China's biggest route of influence would probably be via miners instead of investors.

I don't think so. The price rise will continue. Till now China has made many laws against bitcoin. None of them caused bitcoin price to fall. China cannot affect bitcoin price.

[Cherylstar86]

Bitcoin is back and at a new high. I think it will keep rising from here until something external scares investors away. There really is no limit to where the price can go.

I think the price will at least double next year and that is a conservative prediction based on what others are saying. It’s amazing to see how much money is flowing into Bitcoin and other cryptocurrencies.

Yes this has now come to a very expensive and reliable pillars of bitcoin price and I think we are now facing the very profitable price ever. The price is showing very promising performance as it surpassed the so called correction although no actual corrections happened, because it was just supply and demand fluctuated in a few days.

[hicaribou]

Bitcoin is back and at a new high. I think it will keep rising from here until something external scares investors away. There really is no limit to where the price can go.

I think the price will at least double next year and that is a conservative prediction based on what others are saying. It’s amazing to see how much money is flowing into Bitcoin and other cryptocurrencies.

Yes this has now come to a very expensive and reliable pillars of bitcoin price and I think we are now facing the very profitable price ever. The price is showing very promising performance as it surpassed the so called correction although no actual corrections happened, because it was just supply and demand fluctuated in a few days.

Yes, and now it already hit $8000, this isnt a normal game ! Big Game !

[thejaytiesto]

Well there you have it, as soon as we broke $7597 we shoot up to $7830, with the subsequent struggle to break $7888. We need to beat that stupid wick to consolidate the current bull market. I hope this is not a double top. Being so close to all time high and still being 1 and a half month away from 2018, I believe ATH before 2018 is a safe bet even if we dip now.

No dip coming. We just got out of the dip. No reason a dip would come now, it is getting ready to push to new ATHs. Might hang around mid-to-high 7000s for a few days before breaking 8000 since it has already gone up $1000 the past couple days, but the dip is over, bulls are in charge again.

There was a pretty nice dip from $7953 to $7533... that was a good trade if you sold and bought the dip, which I didn't. Now we are re-testing $8000 again. Notice that on Bitstamp $8000 was not reached, we topped at $7997. This is most likely because Bitfinex reached $8040 then started dipping, not allowing Bitstamp to reach $8000... pretty annoying. We'll find out soon if we can hold above $8000.

[thejaytiesto]

Well there you have it, as soon as we broke $7597 we shoot up to $7830, with the subsequent struggle to break $7888. We need to beat that stupid wick to consolidate the current bull market. I hope this is not a double top. Being so close to all time high and still being 1 and a half month away from 2018, I believe ATH before 2018 is a safe bet even if we dip now.

No dip coming. We just got out of the dip. No reason a dip would come now, it is getting ready to push to new ATHs. Might hang around mid-to-high 7000s for a few days before breaking 8000 since it has already gone up $1000 the past couple days, but the dip is over, bulls are in charge again.

With segwit2x over and Bitcoin Cash pump over as well, I would bet on a continued bull market above $8000 for the next couple of weeks too.

Potential FUDdenings I see:

1) Tether delivers a nice bitfinex'd situation
2) Another banning of whatever in a big country (exchanges, mining or possession of BTC)

That's about it for now. 2x will still fork but nobody will care.

[Aamir1]

We were never out of the game at the first place, because, it is the game! Price drops, people panic, price rises and all are happy again with a few regretting why they sold theirs. That is how it has been since the start, and that is how it will always be. Those who do not trust bitcoin would obviously panic and sell their coins when they see just a little drop, and those who do, they will always be happy, eventually. So if you are in Bitcoin, you are not supposed to doubt it, and if you do, you are the one who will regret at the end of the day. It is as simple as that.

[BitHodler]

1) Tether delivers a nice bitfinex'd situation
2) Another banning of whatever in a big country (exchanges, mining or possession of BTC)

Tether has triggered all red flag signals a good while ago, from where I believe that we'll definitely pay the price for it in the coming years. It's mind boggling how such an outright scam has infected this market so deeply.

But then again, as with everything we have gone through in the last years, we'll move over this event and reach even higher highs as result. This market is unstoppable, and especially when institutions enter the game.

The general bullish sentiment has never been this high, and great thing is that even the average person has turned into a bull when it comes to everything related to crypto. Bitcoin is no longer the currency of the underworld for them.

[Stedsm]

LOL Bitcoin Core is not "back in the game.".
The only thing happening is the Cash team is getting the maximum capital out of Core.

So you mean that Bitcoins could crash any time soon? Well, you know that BCH is still being valued in BTC and not USD, right?

They have accumulated billions of USD and own over 60% of all mining power.

Any damn proof or evidence to prove this?

The recent dumping and price rise of Bitcoin Cash was only a small test to see how much resources and capital is required for a full take over and destruction of Bitcoin Core.

Test? Or was it just another pump what BCH went through, the way they used to do it before?

Follow the Bitcoin Cash channels and you know exactly what is going on.

Please share some, I would definitely chime in and see what are the evidences to prove that BCH is to take over Bitcoins. /sarcasm 

[Kemarit]

We were never out of the game at the first place, because, it is the game! Price drops, people panic, price rises and all are happy again with a few regretting why they sold theirs. That is how it has been since the start, and that is how it will always be. Those who do not trust bitcoin would obviously panic and sell their coins when they see just a little drop, and those who do, they will always be happy, eventually. So if you are in Bitcoin, you are not supposed to doubt it, and if you do, you are the one who will regret at the end of the day. It is as simple as that.

And the vicious cycles repeats itself. Bitcoin could never be overtaken by a simple altcoins. Ethereum has tried but failed, Bitcoin Cash, with all the people behind tried their best, but the effort fell short. People will never really trusted any coins right now more than bitcoin itself. We may see some price dip along the way, but its also part of the game, because we can't really go that parabolic in the long term, somewhere along the way there will be some needed corrections to go to the next level.

[farhaan]

Yes,we are back.This time Roger ver and his BCH has faced a humiliating defeat from bitcoin.Bitcoin has once again proven its potential.At first,every body feared about china's actions against bitcoin,then about BCH to replace Bitcoin,but bitcoin has proved that it was useless to fear about.But this time,when BCH price was fiercely pumped to $1,800 and bitcoin price fell down to $6,000 with thousands of transactions being stuck,even people who firmly believed in bitcoin were also shocked at first.But the BCH team failed to pump more than $1,800.So,it faced a decline in its price towards $1,000.

[richmcrich]

Actually I am glad that Roger Ver and Jihan Wu carried out this market manipulation through BCH. I was able to predict the strength of Bitcoin and its market. People never did actually move to BCH completely abandoning Bitcoin. Bitcoin came out better. This shows these petty acts can't harm Bitcoin today, they might have impacted earlier. But now Bitcoin is being supported at global and huge level and thus manipulation isn't that easy.

This is the strength of decentralization!

BCH can never harm btc because there are so many followers of bitcoin now and they will never see the fall of this coin and whenever the fall occurs investors will get unite and they will invest more to give this coin prosperity and as BCH is concerned it is kid in front of btc and those who are saying that BCH will cross btc they are mentally ill and btc has outclassed all the alts and next victim will be BCH and its near.

[Baofeng]

Actually I am glad that Roger Ver and Jihan Wu carried out this market manipulation through BCH. I was able to predict the strength of Bitcoin and its market. People never did actually move to BCH completely abandoning Bitcoin. Bitcoin came out better. This shows these petty acts can't harm Bitcoin today, they might have impacted earlier. But now Bitcoin is being supported at global and huge level and thus manipulation isn't that easy.

This is the strength of decentralization!

BCH can never harm btc because there are so many followers of bitcoin now and they will never see the fall of this coin and whenever the fall occurs investors will get unite and they will invest more to give this coin prosperity and as BCH is concerned it is kid in front of btc and those who are saying that BCH will cross btc they are mentally ill and btc has outclassed all the alts and next victim will be BCH and its near.

Its not that bitcoin has many followers, there's no question about it. The problem with bitcoin cash is that the people behind it is as shady as the coin itself. Its a knock off coins and the price jump is just a maneuver by the Chinese miners and is proponents. Its just a another coin for pump-and-dump and for profit taking but the people behind it.

And look how the community reacts, the price has fallen significantly after the dump, although its trying to make a comeback, however they don't have the consensus of our community and it will not gain any steam anymore.

[allohha]

We were never out of the game at the first place, because, it is the game! Price drops, people panic, price rises and all are happy again with a few regretting why they sold theirs. That is how it has been since the start, and that is how it will always be. Those who do not trust bitcoin would obviously panic and sell their coins when they see just a little drop, and those who do, they will always be happy, eventually. So if you are in Bitcoin, you are not supposed to doubt it, and if you do, you are the one who will regret at the end of the day. It is as simple as that.

To be constantly in the game, you need to be at least cold-blooded about what is happening in the market. It is clear that all price fluctuations have their own causes and consequences, but do not pay attention to it.

[richardsNY]

To be constantly in the game, you need to be at least cold-blooded about what is happening in the market.

People who've been here long enough to experience the worst possible crashes of this market, have developed a solid form of resistance to all these fluctuations, fud attacks, exchanges getting 'hacked', hostile takeover attempts, etc. It has been a good learning experience despite all the negativity that we have gone through. From there it's quite understandable that the newer people entering this market don't know what's happening, and for that reason revert to panic selling, which obviously leads to nothing but capital destruction since people always buy back at higher levels when the market goes up again. People don't yet understand that as long as they aren't selling their coins, they aren't losing anything....