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Sir Cross
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January 21, 2018, 04:18:58 PM |
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bitcoin price may not "rocket to the moon" for now but at the same time there is no reason for it to drop any more.
right now it is the recovery after the big drop and we still have not reached the normal level which is above $14000. it first needs to get there, have some consolidation and then start rising fast like before. it may take until next month though.
Since there's no other reason for the price to drop, then it's experiencing a steady rise after having recovered from the recent drop. Unless some good news about bitcoin will come out, perhaps it won't go to the moon just yet. It's still at the current support level and the price may stay steady at this level for now. The price as it is right now is not so bad, and it will surely rise in the future. |
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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player514
Legendary
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Activity: 1414
Merit: 1039
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January 22, 2018, 01:26:25 AM |
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bitcoin price may not "rocket to the moon" for now but at the same time there is no reason for it to drop any more.
right now it is the recovery after the big drop and we still have not reached the normal level which is above $14000. it first needs to get there, have some consolidation and then start rising fast like before. it may take until next month though.
Exactly, it's hard to rocket to the moon again when you may already be on the moon or close to it. But why would it crash again? Regulation is a huge concern right now, yes. But just because China bans miners, Indonesia bans bitcoin trading have not deserved to drop the price so much. We're in the recovery phase right now... Bitcoin has been panic sold, and whenever there is FUD people are quick to turn in and sell, which is exactly what we saw a week ago. And what always happens after the FUD is over? Markets rise and everything is fine again, bulls come again. Investors are still undecided, thus the price floating around aimlessly right now. But eventually, the projectory will turn upwards. Drops can come in due to many unexpected reasons. All it takes is one big investor to pull out and people's speculation to create a drop. FUD follows, people get out of bitcoin, and the price drops immensely until people decide it's time to buy due to the value being so low. I agree that we are in a recovery phase, and that it's possible that the price can go up, but I don't know if that's the first path bitcoin will take. We'll need to wait and see for a bit longer. |
This area is up for grabs! PM me if you're interested.
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hahahafr
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January 22, 2018, 04:34:45 AM |
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The price is going to go up, there is a lot of time left for that.. So do not expect to see quick rises in just a few days from now, but you need to understand that there is a lot of manipulation on the entire market right now.
It will start going up soon, but it will take more than weeks to see it happening.
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Ararbermas
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January 22, 2018, 06:00:51 AM |
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It is not a bull trap, and this is not another dip. Just have some patience, you all know how volatile bitcoin is, and this kind of situations are normal in here. It might be touching $12000 by tomorrow, but during the next week, it will be over $15k.
. Yes this is not a bull trap, indeed bitcoin is gaining some strength to soar again. so need patience on it and dont eagerly , much better to buy now and hold if you want to gain more profits when the price jump again suddenly. |
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BigTerror87
Newbie
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Activity: 28
Merit: 0
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January 22, 2018, 06:06:07 AM |
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The Bitcoin's movement is very slow these recent days. I wonder how would these affect the psychology of the investors, will they still hold more bitcoins, is Bitcoin still a good investment option?
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vhiancs
Member
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Activity: 238
Merit: 15
--=oOo=--
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January 22, 2018, 08:33:51 AM |
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Who thinks that is the support level and we are about to rocket? Or is it a bull trap that is about to sink one last time before btc fires up?
It is not a bull trap, and this is not another dip. Just have some patience, you all know how volatile bitcoin is, and this kind of situations are normal in here. It might be touching $12000 by tomorrow, but during the next week, it will be over $15k. He is right just have some patience, if you notice that the bitcoin price has gradually risen again from the sinking. it's not too late to buy a bitcoin and hold it. Maybe next month the bitcoin price will rise again. |
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sopromat
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January 22, 2018, 08:35:37 AM |
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Who thinks that is the support level and we are about to rocket? Or is it a bull trap that is about to sink one last time before btc fires up?
The price will probably be very stable between $10,000 and $13,000 for some time, the charts are showing that at the moment. I do not even know what to expect anymore since the entire market is fucked up. But it is not a bull trap at the moment. |
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Pursuer
Legendary
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Activity: 1638
Merit: 1163
Where is my ring of blades...
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January 22, 2018, 08:45:54 AM |
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for now I am expecting more of a stable price with some sideway action just like before and based on bitcoin price history this can continue another week until we reach next month. in February we can expect some proper price action and the rises to begin. the mempool has also started clearing up which may also be a sign of spam attack stopping to make everything ready for the next month rise.
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Only Bitcoin
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Ceballos
Sr. Member
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Activity: 621
Merit: 288
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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January 22, 2018, 09:08:08 AM |
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We are really going to hit that 20k soon. I am still hodling all my coins and looking to hit 20k.
Getting strong everyday. Bitcoin cash is also has same potential too.
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﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏
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eann014
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January 22, 2018, 11:17:50 AM |
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We can never tell what will really happen in bitcoin in the future. Yeah maybe it is a trap but it is also depend on us especially on investors that will invest again with bitcoin. I think most big investors already sell their bitcoin because theu've already profited with their capital the last ATH's, that's why they sell it already for their own good.
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