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

[grumpygit]

I am probably one of a few that sees the Bitcoin level as fantastic news in the past month. Only 8 weeks ago I thought it would be out of this world if Bitcoin reached $10,000, not only has it done that and more, but right now it is holding a $14,000 floor after a much needed correction.

If some of you people are getting stressed about the direction of Bitcoin as it is, nothing will ever please you

[TwSeventh]

Bitcoin need to stabilize its position first before make another movement.
in other words,
its price at this moment should be around $10.000~$14.000.
and i believe it will not more or less than that,
also it can be considered as sideways to be honest.
correction is expected,but i am expecting for an another crazy move in the next few months later.

[South Park]

I am probably one of a few that sees the Bitcoin level as fantastic news in the past month. Only 8 weeks ago I thought it would be out of this world if Bitcoin reached $10,000, not only has it done that and more, but right now it is holding a $14,000 floor after a much needed correction.

If some of you people are getting stressed about the direction of Bitcoin as it is, nothing will ever please you

14k seems a good point to remain in my opinion, 20k was simply too high but now we can see that 10k is too low too so bitcoin is sitting more or less at the middle of those prices which means that is going to remain there for some time until some positive or negative news happen.

[J. Cooper]

14k seems a good point to remain in my opinion, 20k was simply too high but now we can see that 10k is too low too so bitcoin is sitting more or less at the mile of those prices which means that is going to remain there for some time until some positive or negative news happen.

I also feel like $20k was too much too quickly, even for bitcoin, so I'm very pleased to see we've been holding on to the $14,000 position for the majority of the current correction (might be over when I'm writing this). There's been a lot of FUD in the last few weeks but despite that we were able to avoid dropping sub-10k which is a very comforting thought. Since the markets are looking very healthy I think at this point in time there's room for another leg up very soon.

[littlebill16]

I am probably one of a few that sees the Bitcoin level as fantastic news in the past month. Only 8 weeks ago I thought it would be out of this world if Bitcoin reached $10,000, not only has it done that and more, but right now it is holding a $14,000 floor after a much needed correction.

If some of you people are getting stressed about the direction of Bitcoin as it is, nothing will ever please you

The price going up too quickly isn't a good thing. It's easy to think 'I hold bitcoin I want it to go up' but there's a way it needs to go up so that it can be sustainable. The correction as you said was needed and this sideways movement for a while has been healthy in my opinion.

[richardsNY]

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.

[minersday]

I am probably one of a few that sees the Bitcoin level as fantastic news in the past month. Only 8 weeks ago I thought it would be out of this world if Bitcoin reached $10,000, not only has it done that and more

Yeah.. yeah, everything is fantastic, for me and you, but you also need to think that a lot of people are really losing money right now (including me)

I switched more than 80% of my entire portfolio to altcoins... and i am on a -30% at the moment, LMAO.

My ass is bleeding right now, seriously i really will have to take pills if all the prices keep going down for the next few days.

But seriously, anyone knows why almost all the altcoins are being dumped right now?

[LeGaulois]

I wouldn't say all the altcoins are being dumped, when you look at Coinmarketcap https://coinmarketcap.com/ it's mixed generally speaking.
I don't think we will see a big change for this month.

[btcone111]

I indeed feel very comfortable with bitcoin's consolidation. I think it's needed after the exponential climb to $20K in such a short time!

[Lpim01]

14k seems a good point to remain in my opinion, 20k was simply too high but now we can see that 10k is too low too so bitcoin is sitting more or less at the mile of those prices which means that is going to remain there for some time until some positive or negative news happen.

I also feel like $20k was too much too quickly, even for bitcoin, so I'm very pleased to see we've been holding on to the $14,000 position for the majority of the current correction (might be over when I'm writing this). There's been a lot of FUD in the last few weeks but despite that we were able to avoid dropping sub-10k which is a very comforting thought. Since the markets are looking very healthy I think at this point in time there's room for another leg up very soon.

And also it won't make people thinking of not buying bitcoin with the present price. $20k it's gonna be too much expensive that investors will sure neglect from investing here or they just go for altcoins. At range $10-14k is good enough and it's far from $100 at the start of bitcoin's existence, and maybe we should be contented with this price.

[figmentofmyass]

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.

that's 30% right there. that's huge for a trader. that's a lot of capital that could have been reinvested. i've got nothing against hodlers, but i commend any traders who managed to take profit at $18k-20k, including those who timed their entry into the altcoin markets correctly.

I wouldn't say all the altcoins are being dumped, when you look at Coinmarketcap https://coinmarketcap.com/ it's mixed generally speaking.
I don't think we will see a big change for this month.

it looks to me like BTC is coiling for a move up. it loves to make these bear flags which never end up breaking down, leaving everyone behind as the rally takes off. it's been a fun altcoin season, but in the short term, i'm starting to shift back to BTC.

[superjeyy]

When Bitcoin reached almost $20,000, everybody was ecstatic and they felt like their investment exponentially multiplied to which the people favored the rate. I think this lead to improper usage of Bitcoin which affected its growth over time. It also raised the expectation of people which is why a rate of $14,000 does not seem to impress them any further. I think with the movement of Bitcoin over the past few days, $14,000 is good and ample. It's not too high to buy and it's not too low to affect what we have. I guess in this platform we should really just be patient and maximize the situation at hand rather than waiting for something to please us.

[pooya87]

Only 8 weeks ago I thought it would be out of this world if Bitcoin reached $10,000,

this is an excellent point and most people seem to have forgotten this!
not so long ago all the topics on the internet were about will bitcoin break the $10,000 and how it would be great and all but now that it is a lot more higher than that point everyone is crying why it is not moving even higher at every moment.

and this is mostly an accumulation phase for bitcoin right now. a temporary thing which will pass soon.

[armansolis593]

I am probably one of a few that sees the Bitcoin level as fantastic news in the past month.

I agree with you, setting a new all time high on dec 2017 was a good turning point of bitcoin, not only it gets the attention of more investors it also gets more "lets say" less regular user who are only holding bitcoin.

If some of you people are getting stressed about the direction of Bitcoin as it is, nothing will ever please you

They will be pleased if they make profit from the volatility of bitcoin in the market, its money we are talking about and traders want to earn more because they are greedy and wont settle for just a few amounts.

People cant be satisfied with anything else unless they have enough money or wealth to brag about on their surroundings.

[akram143]

Yeah,bitcoin is going at the right path,last month it made huge price bump but it was totally unexpected but not the price is getting constant around $14K,but soon the price will shoot up so we can expect $20K around middle of 2018.

[Gabz999]

It's not bad maintaining its price on $14,000. The worst thing we can see if its down to $10,000 dollar again and a lot of people do panic selling and we can't do anything about it.

Recently CMC pull out some Korean exchange in their market list, that moved of them cause the price down and market cap down. Few people only notice about it.

[Don Pedro Dinero]

I’m quite comfortable with the current price as well. Recent rise to 20k was too fast and it came after a year of insane returns. That’s not sustainable long-term. Although I’m a holder, and those worried about the situation are traders but they seem to not know that they can profit if bitcoin (and alts) goes down as well. Just sell when your knowledge of trader tells you it’s going to go down and buy cheaper.

[sangwookie]

The idea of putting a dollar value to BTC is pointless. I thought that DEX would change the game for bitcoin, but now I am thinking atomic drops will be the future. Exchanges are centralized and all of this speculation on btc, forks, and alt-coins is a bit ridiculous. Very few of these altcoins have an actual working product or concept. BTC doesn't really either, but it was the first and people have invested into it. There is a belief in it like the dollar or Euro so it will always stay on top. Ethereum has great tech but will everyday people actually use it for something other than games and cats? This is a super fast moving market but all of this media, exchanges and futures are killing the idea of decentralized currency. I don't think bitcoins and altcoins are for the masses. I wonder if the idea of atomic swaps will make many of these altcoins irrelevant.

[aso118]

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.

[hugeblack]

stabilize at 14,000$ is so good.  too many reasons (High fee & South Korea Ban,.......) make the price crashing but it’s stable more than before.
when LN Be realized price will back to rise again to 20,000$ in 24 hours only.
People now smarter than before "Do not panic or Fast selling".