Rise, Fall, steady, why Bitcoin is solid at $14,000 ish right now in my opinion

[fabiorem]

I'm starting to believe this is the year of the altcoins, in the same way as last year was the year of bitcoin.

We can use this to increase our bitcoin stashes, trading altcoins in sites like Bittrex. If the price of bitcoin stays stable at 13-15k range, it will be possible to do that.

Maybe they can alternate from year to year. One year for bitcoin, another for altcoins. It would be a win-win scenario, you could increase your bitcoin stash and in another year, the price of bitcoin would skyrocket.

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[1Referee]

The $14000 level has hardly lasted 3-4 days. You could argue thata week is a long time in the crypto world. But we haven't had any news flow to warrant a move. The last big news item was speculation around a South Korean ban on cryptos, and the markets did tank after that.

Point is that people shouldn't focus on a certain price level with nothing really bullish to hold on to. I look at the general picture, which is that we are still above the $10,000 level, and that is the only thing that matters for me. In other words, it doesn't hold much value for me if we reach $15,000 and then fall to $13,000, from where we then increase to $17,000, and then again fall to $12,500. It's basically like the mood of a pregnant women - one day you'll get to experience her nice side, and the other day she is going nuts on you, where the day after, or perhaps that same evening everything is all right again. That's how this market has been behaving in the last weeks.

[snowdropfore]

i like you opinion , $14000 is a platform ,bitcoin need a falt platform ,rise to quickly is not healthy, hope the correction over and goon the up train later.

[figmentofmyass]

I'm starting to believe this is the year of the altcoins, in the same way as last year was the year of bitcoin.

oh, how quickly we forget. the first half of 2017 was all about altcoins. we got the ETF application withdrawals, the BTC market dumped from the highs, and ETH took off. ICO season took off after that. it wasn't until after BIP-91 that altcoin season ended and BTC took over for the rest of the year.

people often miss the forest for the trees. the crypto markets are beginning to look like the real world stock markets. in stocks, you see money flow from sector to sector as funds/investors take their profits and put them into new investments. years ago, my trading buddy pointed this out to me: whales on okcoin/huobi would pump LTC, then they would take profits and buy up BTC. after BTC pumped for a while and LTC had corrected, they rolled their profits into LTC. rinse and repeat. just looks real world sector rotation.

unfortunately, it took a long time for the above realities to sink in for me. now it seems so clear. whatever you do, don't plan on 2018 being "year of the altcoins." this market moves too fast for that. altcoin season could be over in a couple months. it's more important to recognize when BTC is trending strongly. when it is, get the hell out of altcoins.

[Doell]

It looks good if the bitcoin price is now $13,000 - $14,000 this week I see no serious movement ,maybe too little demand does not explode as of August-september 2017 big demand occurred at the time ,I also think the price of 20,000 is a high price

[richardsNY]

It looks good if the bitcoin price is now $13,000 - $14,000 this week I see no serious movement ,maybe too little demand does not explode as of August-september 2017 big demand occurred at the time ,I also think the price of 20,000 is a high price

The demand is still there. If the demand has really decreased, we wouldn't be able to maintain current levels for too long. As we have seen with this market before already, there needs to be a spark that gets people to buy like there is no tomorrow again. It's a fact that the majority of the market (i.e. the less intelligent buyers) gain confidence out of an increasing market, and that confidence is something they need in order to start buying. Previously we had the future market as being the big thing that pushed the market to $20k last year, and now we need to wait till something else initiates the trigger this market needs. It could be lightning network, an ETF, the NYSE announcing an actual date for their future market, etc.

[South Park]

People looking at current levels as in it having gone down a lot from the $20k peak, are just idiots. More precisely said, I think current level of around $14k is pretty close to the actual all time high. Some are even that far beyond an idiot, that they believe we are heading towards a bear market due to current levels. Funny thing is that those who complain about current market conditions, are those with the least exposure. They probably just bought a few hundred to a thousand bucks worth of Bitcoin, and just talk nonsense because they don't know anything of this market. Large holders never panic or start acting like a complete by the mainstream media brainwashed fool.

This is the issue, people that have been here the longest know what bitcoin is about and they do not panic anymore but for the investor that is just starting all of these movements in the price of bitcoin are something new and they are not used to a market that moves this fast, not even forex moves like this.