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Author Topic: Bitcoin now below $10,000  (Read 2067 times)
Webberson
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February 01, 2018, 11:56:34 AM
 #1

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

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February 01, 2018, 11:59:48 AM
 #2

Perfect time to buy and hold cos it's definitely going to pump
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February 01, 2018, 12:08:02 PM
 #3

I will just HODL. It is a bit unstable moment to buy more BTC because if something goes wrong once again it still may get even lower, now BTC is somewhere on the border. Most of this FUD was causet by the crash of Tether. Earlier at the point of 10k I've been expecting BTC to lose about 10% and  then start its recovery somewhere in march (the forecast is made based  on the last big dumps) so the general situation is still fitting my expectations.
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February 01, 2018, 12:17:08 PM
 #4

Bitcoin now has really drops below $10k so it is hard to sell because of losing profit. It is also hard to enter the market now because of this so much fluctuation that price will enter to fell down again. On this current situation it is good to wait for the bullish trend to have the next move.
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February 01, 2018, 12:51:31 PM
 #5

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.
Definitely you are supposed to right think but my opinion is the Bitcoin price is not stable right now . It's price will be stable near around 15k- 17k $ may be in the first of March in 2018. The market valume says think so.
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February 01, 2018, 01:00:08 PM
 #6

I was hoping it wouldn't go below 10.000$ but now it did.. IMO the 10.000$ was a barrier which is now broken, making it possible to drop to 5000 - 6000$. But hey, it can be an opportunity.
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February 01, 2018, 01:07:00 PM
 #7

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.
Holding the coins tightly because these is normal scenario at the beginning of every year,But the bitcoin price will bump at the back end of every year.So I hope this will happen this year also.Only the traders may face issues with the current price falls the long term investors no need to panic just wait fir the bump guys.

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February 01, 2018, 01:10:04 PM
 #8

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

This is after effect of the Indian government announcement that they are going to ban the crypto currency but at the same time they also announced that they will support the Blockchain Technology! That is why the prices are holding up at this rate otherwise they could have gone far below the market rate.

There is no need to panic about this as Finance minister Arun Jaitley of India released the official budget 2018 doc today and initial the negative news was spreader like fire in the India causing the panic sell whitin short period. But it looks like people cam to know that Indian government will take step forward to learn the blockchain tech and it’s applcation. So it could be good news after few days.

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February 01, 2018, 01:11:00 PM
 #9

the shakeout of newbies is taking longer than it usually takes. and number of people who buy the dip has grown a lot but the market is still small and the whales have been growing so huge in the past years with all the panic sellers. so they can easily make money like this.

i was watching the market today and what i realized is that the price keeps coming back up with a lot of buyers but then a sudden dump happens into the risen price crashing it back down below $10k and pushes it lower. it is like 1000 people buying bitcoin then 1 person dumping it down and others follow it after at the bottom.

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February 01, 2018, 01:12:27 PM
 #10

I was hoping it wouldn't go below 10.000$ but now it did.. IMO the 10.000$ was a barrier which is now broken, making it possible to drop to 5000 - 6000$. But hey, it can be an opportunity.

10.000$  barrier as broken 3 or 4 times last month. I expect the price to be between 11-12k again by tomorrow.

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February 01, 2018, 01:18:18 PM
 #11

I was hoping it wouldn't go below 10.000$ but now it did.. IMO the 10.000$ was a barrier which is now broken, making it possible to drop to 5000 - 6000$. But hey, it can be an opportunity.

Yes, drop below 9k would be dangerous for btc price and it can further drop to 6-7k.

If it can back to 10k then it should be ok.
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February 01, 2018, 01:21:55 PM
 #12

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

This is after effect of the Indian government announcement that they are going to ban the crypto currency but at the same time they also announced that they will support the Blockchain Technology! That is why the prices are holding up at this rate otherwise they could have gone far below the market rate.

There is no need to panic about this as Finance minister Arun Jaitley of India released the official budget 2018 doc today and initial the negative news was spreader like fire in the India causing the panic sell whitin short period. But it looks like people cam to know that Indian government will take step forward to learn the blockchain tech and it’s applcation. So it could be good news after few days.
Is it India banned crypto currency? If it is true post with the links too.

I read that the finance minister said that bitcoin has no legal tender in their country which means it is not illegal yet so we should wait for the official announcement from that government.

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February 01, 2018, 01:26:38 PM
 #13

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.
If you have a huge amount now in your portfolio much better to hold and have a patience to wait at the right time to have your profit.
Then if you are planning to invest, well, it is the right opportunity to invest more in bitcoin while the price was down and wait the moment that until it is bouncing back again. Just hold on and have faith on bitcoin.
Hopefully by next month bitcoin will recover again in the coinsmarketscap and of course together with our profit.

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February 01, 2018, 01:36:18 PM
 #14

It is strange to me at the moment.

We have heard good news yesterday about south korea actially not banning crypto
but the markets have not really responded.

People are commenting that the start of the year has been in the past a down time,
so as many have said just buy and or hold.

I am staying positive, i believe from february on will see more investments into crypto.
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February 01, 2018, 02:13:09 PM
 #15

I have my doubts but taking myself a break from watching price for this moment seems working and I do feel it was a good strategy for me.. Literally needs time to breath and leave it to bitcoin to handle this kind of movements as it all passed by for it has been for so long.. Hold and wait for the whales to move in again as they just buying on dip from the panic crowds that panic selling at this low price..

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February 01, 2018, 02:17:15 PM
 #16

Yeah I also saw it that bitcoin is going crack down right now. I didn't imagine this that it goes down so fast.

However for those who have stock right now. This time is the right time to invest bitcoin. To buy bitcoin right now will be double your profit someday if bitcoin dump up.
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February 01, 2018, 02:27:48 PM
 #17

Yes Bitcoin price is dropping down slowly since few weeks, and it is now below $10k. But I am sure that it will increase again sooner or later, so we don't have to panic about this decreasing of the price, already it was going up and down since its creation almost, and it is still the first valuable crypto currency.
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February 01, 2018, 02:37:03 PM
 #18

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

I can see from group, forum and member opinion say you should buy back, but I'm afraid this is not the right time. We should wait at least until March to see the real price action. My opinion is not the same with you all but I believe wait until march is better. For basic analyze, use long time period to see what I see ( 4h - day - week ). Thank you all.
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February 01, 2018, 02:38:26 PM
 #19

I personally already afraid to go in to play this situation,  really scary, and I stopped doing day trading for a while. This stability is clear to HODL in the unknown time.

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February 01, 2018, 02:58:35 PM
 #20

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

I think this kind of phenomena occurs yearly if you just try to compare the graphs from last year and the present. There are some good patterns and signals on when to buy and sell. I know pioneer traders don't do the panic selling in this kind of month for they knew already this pattern. Maybe in the next couple of months Bitcoin and cryptos will have a good rebound, just keep hoding.

 
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