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erre
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November 23, 2017, 11:18:00 PM
 #1

Seems that bitcointalk is turning bearish another time, like there are some psychological resistance when btc come near the 10- 100 -1000 -10000 -100000 usd milestones.

Fortunately, bitcoin is just an honey badger, he will eat this reptilian thinking without giving a fuck.

I claim 5 digits soon.

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November 23, 2017, 11:48:42 PM
 #2

Seems that bitcointalk is turning bearish another time, like there are some psychological resistance when btc come near the 10- 100 -1000 -10000 -100000 usd milestones.

Fortunately, bitcoin is just an honey badger, he will eat this reptilian thinking without giving a fuck.

I claim 5 digits soon.

I agree with you that there is psychological resistance whenever bitcoin reaches some major price. Honestly, we've been seeing this for such a while that it doesn't even make me blink anymore. Bitcoin will continue to do well as long as others keep supporting it. Furthermore, all that matters right now is that we see some support for bitcoin as a currency so that there is no need for it to compete with fiat. I hope to see it on the same level as fiat soon.

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November 23, 2017, 11:51:45 PM
 #3

I am just wondering if there will be a 10k selloff or if it will eat straight through it, unlike sub 5k levels, BTC has become a lot more tame - slow but steady
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November 24, 2017, 12:02:05 AM
 #4

I am just wondering if there will be a 10k selloff or if it will eat straight through it, unlike sub 5k levels, BTC has become a lot more tame - slow but steady

I doubt that there will be a selloff at 10k. People now have been predicting prices that go past 50k, all kinds of people have stated that bitcoin will hit 100k. Because of this, I think there is inspiration for people to continue buying or holding even at 10k. With that in mind, it's much more likely that we'll see a continuous steady growth rather than a drop off at 10k.

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November 24, 2017, 12:09:33 AM
 #5

It will happen, but it's not a problem if it takes longer than most people here expect it to happen. Seriously, we have gone up so much already this year, that we can't expect much more from the market than what we already have.

At this point we're up +700% and the year isn't even over, and yet people aren't satisfied. It's likely that they have entered the market close to current levels, which would explain why they can't get satisfied.

It's always tricky to enter at near peak levels, even with how bullish the current sentiment is. People should never forget that as easily as the market rockets up, in the same manner it may end up falling down.

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November 24, 2017, 12:12:28 AM
 #6

The price might fall a little after it reaches 10000. But I think it will rise again very soon and will start to rise gradually. This is what we experienced after any price fall in past months. Remember what happened after cancellation of Segwit2x. Price dropped but it started to rise very fast.

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November 24, 2017, 12:13:24 AM
 #7

Because of this, I think there is inspiration for people to continue buying or holding even at 10k. With that in mind, it's much more likely that we'll see a continuous steady growth rather than a drop off at 10k.
Hopefully not much longer before we see what will happen Smiley


At this point we're up +700% and the year isn't even over, and yet people aren't satisfied. It's likely that they have entered the market close to current levels, which would explain why they can't get satisfied.

It's because it is not 2011 anymore and you have 2 well capped currencies that are trying to bite BTC's ass. Far away for now, but we can't afford a 50% dip anymore, BTC needs to have enough critical mass to blow them out of the world
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November 24, 2017, 12:17:41 AM
 #8

I am just wondering if there will be a 10k selloff or if it will eat straight through it, unlike sub 5k levels, BTC has become a lot more tame - slow but steady

I doubt that there will be a selloff at 10k. People now have been predicting prices that go past 50k, all kinds of people have stated that bitcoin will hit 100k. Because of this, I think there is inspiration for people to continue buying or holding even at 10k. With that in mind, it's much more likely that we'll see a continuous steady growth rather than a drop off at 10k.

Yeap, probably people ambition will let BTC hit the 10K barrier soon.
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November 24, 2017, 12:19:58 AM
 #9

You're not the first and definitely won't be the last who predicts this. BTC is still in its infancy. Many predicted that we'd hit the $10k mark by the end of 2017 and almost certainly by the end of the first quarter in 2018.
 
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November 24, 2017, 12:32:10 AM
 #10

You cant have a move without corrections. Even if bitcoin drops to like 5k, so what? Thats still 5k! 3k? Thats still 3k money, 1k? So? Buy back.

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November 24, 2017, 12:37:58 AM
 #11

You cant have a move without corrections. Even if bitcoin drops to like 5k, so what? Thats still 5k! 3k? Thats still 3k money, 1k? So? Buy back.
You better buy back bch at that point because its easy to tell who will rise with the 5k BTC lost...
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November 24, 2017, 12:53:22 AM
 #12

It will be in 5 digit soon. Heard a lot of speculation and read news about it. Lots of statements from big traders said that it will hit $10,000 before this year end.
This statement of most big traders with a name in the industry will influence bitcoin investors and will affect the bitcoin price also soon. Good luck to all bitcoin lover.

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November 24, 2017, 02:09:52 AM
 #13

Seems that bitcointalk is turning bearish another time, like there are some psychological resistance when btc come near the 10- 100 -1000 -10000 -100000 usd milestones.

Fortunately, bitcoin is just an honey badger, he will eat this reptilian thinking without giving a fuck.

I claim 5 digits soon.

It is not only the bitcointalk but the whole BTC community (including the traders) turn bearish when we are hitting these so-called psychological resistance. These resistances are here for the obvious reason and that is to serve as a gate before BTC surpasses it. Most of the time, people will set their sell orders in these resistances putting a stop on BTC's run for a while. I must say that this is very important if we want to see our beloved coin to soar higher. Again, these are just "psychological" can be overcome if the community changes its state of mind regarding that specific price.


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November 24, 2017, 02:30:51 AM
 #14

Seems that bitcointalk is turning bearish another time, like there are some psychological resistance when btc come near the 10- 100 -1000 -10000 -100000 usd milestones.

Fortunately, bitcoin is just an honey badger, he will eat this reptilian thinking without giving a fuck.

I claim 5 digits soon.

There is really a psychological resistance when it comes to that numbers. Even in 5,000, we have seen a psychological resistance months ago when there are many people who thought its already the end of bitcoin because of all the fear, uncertainty, and doubt spreading so before reaching 10,000, some people would sell thus a correction again. Though many are still doubtful about it, those who are already in the community are still positive that bitcoin would go further more this year reaching five digits which is not impossible when it comes to the unpredictable bitcoin. If however it will not reach the five digits this year, most likely majority would still be happy with their portfolio gains this year.



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November 24, 2017, 03:17:07 AM
 #15

You cant have a move without corrections. Even if bitcoin drops to like 5k, so what? Thats still 5k! 3k? Thats still 3k money, 1k? So? Buy back.

If prices go back to 3k level then buy at that low price you will benefit more later on from that investment. Bitcoin looks very strong for long-term investments.

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November 24, 2017, 03:24:07 AM
 #16

When I entered the cryptocurrency scene the Bitcoin's price was $600+ each coin and I was shocked before because seeing a digital currency that has a value of that and it was only on October of last year and after 3 months of doing Bitcoin stuffs it reaches the $1000 and I feel happy that time because I have a good amount of Bitcoin holdings then after 4 months it reaches the $1,500 so it took almost 120 days to get that $500 increase but today it almost taking only a month or so to increase $1,000.

Many people now thinks that the price of Bitcoin is appreciating overtime so they keep on holding just like me. 5 digits of the Bitcoin price will be in the future if this trend in the market of it will still continue this kind of things.

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November 24, 2017, 03:29:59 AM
 #17

but those milestones have been there since the beggining of bitcoin, there is nothing new with this.
When bitcoin was $100 and it suddenly was $200, everybody was saying that it was going to be the end of bitcoin, and everybody thought that it was a new milestone because it was like a "round number"
The same happened when it touched five hundred dollars, it took more than one year to achieve that price, but it did.

I think that we are going to hit the five digits soon, but a huge sell wall is going to came after we touch that price, so it would be difficult to stay in there with a stable price.



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edisystem
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November 24, 2017, 04:09:43 AM
 #18

Seems that bitcointalk is turning bearish another time, like there are some psychological resistance when btc come near the 10- 100 -1000 -10000 -100000 usd milestones.

Fortunately, bitcoin is just an honey badger, he will eat this reptilian thinking without giving a fuck.

I claim 5 digits soon.

I'm predict the price of bitcoin will hit 5 digits in the end of the year. December will be another big month for bitcoins

You cant have a move without corrections. Even if bitcoin drops to like 5k, so what? Thats still 5k! 3k? Thats still 3k money, 1k? So? Buy back.

If prices go back to 3k level then buy at that low price you will benefit more later on from that investment. Bitcoin looks very strong for long-term investments.

Nah i don't think so, even if the bitcoin price fall really hard, it will never back to $3,000 again. The lowest is $4,000 i think. So many people holding their bitcoins right now, so i don't think the price will fall anytime soon.

pooya87
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November 24, 2017, 04:44:38 AM
 #19

i don't think this time the resistance for $10,000 is as big as the previous big resistance we saw at $1000. it will be a lot less because the first one at $1000 was a little different due to the fact that it has happened before back in 2013 and everyone was secretly thinking that is it. the end of the line. that automatically created some sell off there.

i also remember all the ridiculous technical analysis back at that time saying this second $1000 this year is forming a "head and shoulders" pattern!

batang_bitcoin
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November 24, 2017, 05:13:34 AM
 #20

Go with that 5 digit, bring it on. Show them what we've got with bitcoin, things are getting according to everyone's expectation. Once bitcoin hits 5 digit very soon this will be the time that too many whales will cash out too and will do the same cycle of waiting again for the dip and will buy back again. This is now the cycle that keeps on happening with the bitcoin society, they are the ones that taking advantage with this pump.

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