Bitcoin Forum
September 18, 2020, 06:19:40 AM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 5 6 7 8 »  All
  Print  
Author Topic: do you think bitcoin will go back to 6000? should i sell now?  (Read 806 times)
vince212
Full Member
***
Offline Offline

Activity: 307
Merit: 100


View Profile
February 03, 2018, 06:02:14 AM
 #1

do you think it is going to 6000?
1600409980
Hero Member
*
Offline Offline

Posts: 1600409980

View Profile Personal Message (Offline)

Ignore
1600409980
Reply with quote  #2

1600409980
Report to moderator
1600409980
Hero Member
*
Offline Offline

Posts: 1600409980

View Profile Personal Message (Offline)

Ignore
1600409980
Reply with quote  #2

1600409980
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1600409980
Hero Member
*
Offline Offline

Posts: 1600409980

View Profile Personal Message (Offline)

Ignore
1600409980
Reply with quote  #2

1600409980
Report to moderator
1600409980
Hero Member
*
Offline Offline

Posts: 1600409980

View Profile Personal Message (Offline)

Ignore
1600409980
Reply with quote  #2

1600409980
Report to moderator
Icculus.
Newbie
*
Offline Offline

Activity: 34
Merit: 0


View Profile
February 03, 2018, 06:03:11 AM
Last edit: February 03, 2018, 06:32:29 AM by Icculus.
 #2

do you think it is going to 6000?

It's always tough to predict these things. Two ways to think about it are in terms of fundamentals and in terms of technicals.

The Fundamentals are the business value of the investment (Bitcoin, in this case). How strong is Bitcoin's utility for the future? Does it still have a place in this cryptocurrency market? It this investment world?

The Technicals are the movement of the price and how it can dictate future supply and demand behavior. In this topic we look at the price charts over several months and identify where there are stalls and spurts in the price direction. The stalls where price is stagnant for a period of time form bases of support or resistance. The spurts, where prices rise or fall over short periods of time represent breakouts or breakdowns (through the base of resistance or support, respectively). The last support level was $10,000. We broke through it and now we've fallen to the mid $8,000s. The next support level is $8,200. If we break through that mark, we could fall to $5,800.

But...will it happen? Who knows. That's where the fundamentals come in. The fundamentals keep you holding on to a good investment, even in the bad times.

When in doubt, double down!
KingScorpio
Sr. Member
****
Offline Offline

Activity: 1218
Merit: 315



View Profile WWW
February 03, 2018, 06:05:35 AM
 #3

do you think it is going to 6000?

bitcoin will never ever go up again

the reasons are:

1. technologically outdated, there are better and faster tech basis available, why by bitcoin when its price rise nimbus and hype is gone, and its tech is outdated? do people still buy iphone 1s or old mobile phone?

2. still high costs.

3. slow.

3. propagandistic competition, there are more than 1500 coins now, that challenge communist rule via central banks, the original small bitcoin community is gone an entire new decentral financial market is now in existance

and those holding the altcoins dont have reasons to talk good about bitcoin

wake.wave
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
February 03, 2018, 06:07:12 AM
 #4

It depends: (1) what is your average price?; and (2) how much does this investment represent in your total savings/portfolio?

Answering your question: no, I don't believe BTC will touch the 6,000 level
hadveach
Full Member
***
Offline Offline

Activity: 448
Merit: 102


View Profile
February 03, 2018, 06:15:27 AM
 #5

I see this bad condition will end in June or July 2018, meaning that the crypto world will be back to normal again at that time. so there is still the possibility of bitcoin prices going down to the point of $ 6000, even very likely going down to the point of $ 4500.
do not sell now, but better buy more or hold. So, there are only 2 options.
pikebu
Hero Member
*****
Offline Offline

Activity: 854
Merit: 522


View Profile
February 03, 2018, 06:21:41 AM
 #6

do you think it is going to 6000?
No i don't think bitcoin's price will goes down up to $6000 because we are in era of digital currencies and the king of digital currencies is the bitcoin, bitcoin also has many updating from the developer of team and community, bitcoin will apply lighting network. It is mean the problem of bitcoin will be fixed and the bitcoin's price is just fluctuation it will be rising again, remember the history will reveat again also bitcoin's price will be more expensive because its limited supply.
Zyborg
Sr. Member
****
Offline Offline

Activity: 476
Merit: 256


View Profile
February 03, 2018, 06:54:27 AM
 #7

Probably BTC may go down to $,6,000.Selling BTC at this stage is not wise able however those who are in shortcut and would feel that their investment may lost could sell their BTC now,they will get low profit depend upon their buying.BTC needs wait and patience and those who hold for long time actually receive higher margin.This is a dip period running for BTC these days,so i would suggest to hold your BTC,it will go up and would come up at the expectations of its investors.Currently its in price correction phase and its being speculated that it will touch top level in 2018,so wait and monitor ups and down.
Nerman
Full Member
***
Offline Offline

Activity: 364
Merit: 107


View Profile
February 03, 2018, 07:19:13 AM
 #8

For your first question.
Anything is possible but in my chart $8,000 resistance area is being tested right now. If the bearish trend continues prices may go back around $4,000. Thats the next big support level and i will be surprised if bears successfully break that area.

For the second question.
What is your average price. If you got it like mine at around $3k then my strategy is just hold it even if it reached $4k i will not sell it. If you want to lock in your profits then do so, you can always buy again.
tuskacz
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
February 03, 2018, 07:19:45 AM
 #9

do you think it is going to 6000?

bitcoin will never ever go up again

the reasons are:

1. technologically outdated, there are better and faster tech basis available, why by bitcoin when its price rise nimbus and hype is gone, and its tech is outdated? do people still buy iphone 1s or old mobile phone?

2. still high costs.

3. slow.

3. propagandistic competition, there are more than 1500 coins now, that challenge communist rule via central banks, the original small bitcoin community is gone an entire new decentral financial market is now in existance

and those holding the altcoins dont have reasons to talk good about bitcoin


Absolutely agree, I have news that next months we can expect European countries to ban bitcoin and price will plummet to $1000.
I am telling you sell NOW when price is still good before it is too late or you will be crying.
You have been warned.
wasta
Jr. Member
*
Offline Offline

Activity: 58
Merit: 1


View Profile
February 03, 2018, 07:22:32 AM
Last edit: February 10, 2018, 04:01:09 AM by wasta
Merited by xkatarinax (1)
 #10

do you think it is going to 6000?

bitcoin will never ever go up again

the reasons are:

1. technologically outdated, there are better and faster tech basis available, why by bitcoin when its price rise nimbus and hype is gone, and its tech is outdated? do people still buy iphone 1s or old mobile phone?

2. still high costs.

3. slow.

3. propagandistic competition, there are more than 1500 coins now, that challenge communist rule via central banks, the original small bitcoin community is gone an entire new decentral financial market is now in existance

and those holding the altcoins dont have reasons to talk good about bitcoin


Man o man.
The bitcoins is healthy as ever.
There are 16 million mined allready.
Most bitcoins have never been spend.
Say 75% of the bitcoins have been made.
The last 5 million will be made the next 130 years.
These 75% were made in the last 8 years.
The last 25% will be made in the next 98% of the time needed to make the 21 million bitcoins.
When demands stay the same, their will be never the amount to keep up with demand, casing pirice rises.
With a 10.000 dollar 1 btc, we need to use the milibtc, to make the milibtc just 10 again.
The 10 milibtc will grow to 10.000 milibtc btc in 8 years again
of the 10.000 mili we make 10 microbtc, the MuBTC.
After 8 years the 10 MuBTC will be 10.000 MuBTC again.

The raelly had to come down.
This correction was predicted and expected
Like 4 year before.
History of the bitcoin will repeat itself.
Every 4 year you will see a really, followed by a drop.
Then a year hardly anything and a hardly better next.
Then a better third and a good fourth year, with a really towards the end of the 4 year cycles.
After the reward is cut in half again, we have a 4 more years of the same again.
Just like after the really from 2013, we saw the same really in 2017.
Just before the rewards are cut in half, we see the exponential price-rises.

We will see a drop, likely to under 5000 dollar.
Because we came from almost 20.000 dollar
Every four years, just before the end of the 4 year period when the reward is halved.
When btc went from 50 cent reward to 25 cent reward we had a really up to 1200 dollar.
We went back to well under 300 dollar so a quarter.
We had 20.000 dollar so we now go to a quarter again the 5000 dollar or even 4000 dollar.
It will be the whole year a slow year.
People will step out, creating more supply and a equal demand.
a steady line will be followed.
Next year is slightly better, 2019 will be as 2015 4 years ago.
If you like to know what the markets will do, look at 4 years ago.
The really is written in the code of the software.
The next price-explosion will be again in 2021.
The more we will come to the end of 2021, the higher the prices will be again.
The same as 4 years before 2021, so 2017. 2017 will be the same as 2013 four years before.

If things stay the same, demand and supply stay steady, we will see every 4 years a repetitition.


The bitcoin is likely to stay the same.
We enter now the same period of rest, we had seen in 2014.
2019 will be as 2015 not a whole lot better.
So will be as 2016 and 2021 will be as 2017 including a race at the end of the year, before rewards go from 12.5 to 6.25 btcent again

jseverson
Hero Member
*****
Offline Offline

Activity: 1456
Merit: 732


View Profile
February 03, 2018, 07:48:19 AM
 #11

bitcoin will never ever go up again

the reasons are:


1. technologically outdated, there are better and faster tech basis available, why by bitcoin when its price rise nimbus and hype is gone, and its tech is outdated? do people still buy iphone 1s or old mobile phone?

Bitcoin is a work in progress. While I agree that it's currently outdated, things are being done on that front to address that. The next upgrade comes in the form of the Lightning Network, which aims to be just as fast, if not even faster, than the current available options.

2. still high costs.

You can send 5 sats/byte transactions again, so I don't know what you're talking about. Blame your exchange if this is the case with you.

3. slow.

If you pay a substantial fee (which is much lower at the moment), I can guarantee you your transaction will be confirmed in one or two blocks. Bitcoin is either slow or expensive, but rarely both.

3. propagandistic competition, there are more than 1500 coins now, that challenge communist rule via central banks, the original small bitcoin community is gone an entire new decentral financial market is now in existance

This could be true, but if we're using price as the basis, it doesn't hold water at the moment, and everything else is doing equally bad.

Wolfman15
Member
**
Offline Offline

Activity: 252
Merit: 11

“Blockchain Just Entered The Real World”


View Profile
February 03, 2018, 07:59:14 AM
 #12

do you think it is going to 6000?

It's always tough to predict these things. Two ways to think about it are in terms of fundamentals and in terms of technicals.

The Fundamentals are the business value of the investment (Bitcoin, in this case). How strong is Bitcoin's utility for the future? Does it still have a place in this cryptocurrency market? It this investment world?

The Technicals are the movement of the price and how it can dictate future supply and demand behavior. In this topic we look at the price charts over several months and identify where there are stalls and spurts in the price direction. The stalls where price is stagnant for a period of time form bases of support or resistance. The spurts, where prices rise or fall over short periods of time represent breakouts or breakdowns (through the base of resistance or support, respectively). The last support level was $10,000. We broke through it and now we've fallen to the mid $8,000s. The next support level is $8,200. If we break through that mark, we could fall to $5,800.

But...will it happen? Who knows. That's where the fundamentals come in. The fundamentals keep you holding on to a good investment, even in the bad times.

When in doubt, double down!

I think we missed something. 😂😂
And you bought a cue ball for 19-20k?
👇👇


Targusluxe
Member
**
Offline Offline

Activity: 140
Merit: 10


View Profile
February 03, 2018, 08:03:17 AM
 #13

Yes it is possible to go down to 6k or even more cause there the investors reacts to every bad news about bitcoin and it causes a big sell off.
It dependes how much you bought your bitcoin if you bought it higher than 10k i think you should consider cutting your loss.

             CONTRACTNET     |     At the intersection of Blockchain, IOT & SMART CONTRACTS             
|     WHITEPAPER     |     TWITTER     |      TELEGRAM     
████████████████████████  [  JOIN ICO   ●   10th MARCH  ] ████████████████████████
Evilish
Hero Member
*****
Offline Offline

Activity: 672
Merit: 501



View Profile
February 03, 2018, 08:04:30 AM
 #14

Bitcoin market is very unpredictable. Nobody knows what direction it's going to go, so use your best judgment and make a decision. My opinion is that regardless of short term price, we're going to see a much higher price in long term.
tuskacz
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
February 03, 2018, 08:05:27 AM
 #15



Man o man.
The bitcoins is healthy as ever.

Most bitcoins have never been spend.


That's proof of bitcoin not being healthy. Good currency circulates well. Bitcoin not. Something went totally wrong with Satoshi idea.
So there should be bitcoin community tax put on hoarders otherwise bitcoin will not be good crypto. Like tax on land which is hoarded for speculation and not being used properly.
So if you have address and spend your bitcoins regularly you will have no community tax.
But if you do not spend from more tahn 1 year , your bitcoin value should be gradually  decreaed to give you incentive to spend your bitcoins and help bitcoin world community grow.
Fantastic!
onrise
Sr. Member
****
Offline Offline

Activity: 1330
Merit: 291



View Profile
February 03, 2018, 08:05:38 AM
 #16

Yes it is possible to go down to 6k or even more cause there the investors reacts to every bad news about bitcoin and it causes a big sell off.
It dependes how much you bought your bitcoin if you bought it higher than 10k i think you should consider cutting your loss.


In some days people will regret for not buying the Btc at this price as once it will start to rise we have seen how quickly in dec it can multiply and same thing can happen again . Also after China ban as well in some days only market started to rise again and same will happen now as well .

Aufar
Sr. Member
****
Offline Offline

Activity: 546
Merit: 250



View Profile
February 03, 2018, 08:15:47 AM
 #17

Hopefully this bad condition will end in April or May 2018, and Bitcoin will recover in the range of $ 20,000.

And I will hold some BTC, and the rest I will sell for in the groom for everyday family needs

Next year is a little better, if you want to know what the market will do,

I have experienced 4 years ago, just like 4 years before 2021 ,.
2017 is equal to 2013 four years earlier.

The next price boom will return in 2021.
the more we will arrive at the end of 2021, the higher the price will come back.

hopefully..
OcTA Bd
Jr. Member
*
Offline Offline

Activity: 277
Merit: 2

Join @Bountycloud for the best bounties!


View Profile
February 03, 2018, 08:18:48 AM
 #18

I think it may go to 6000$ but who knows it also may increase. Bitcoin is an unstable crypto currency. So today it is falling but tomorrow it may rise again. So, I think you should wait. Don't worry. Be patient. But if you need argent money then you may take Bitcoin out. But what decision you take the gainer and the sufferern both will be you

▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂   https://tecracoin.io  ▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂
UNITING SCIENTISTS, INVESTORS AND THE BLOCKCHAIN COMMUNITY
dongosquad
Full Member
***
Offline Offline

Activity: 588
Merit: 101



View Profile
February 03, 2018, 08:20:03 AM
 #19

Bitcoin market is very unpredictable. Nobody knows what direction it's going to go, so use your best judgment and make a decision. My opinion is that regardless of short term price, we're going to see a much higher price in long term.
You are right, bitcoin prices are hard to predict. It's not impossible if the price goes back to $ 6000, it could happen. Well, all we have to do is stay calm, do not panic. As you say, bitcoin is very effective for long-term infestation, so hold it and wait longer.
However, if you have more money when the bitcoin price goes back to $ 6000, it is a good time to buy.

OIKOS.CASH      Decentralized finance on Tron   ▬▬▬▬▬▬▬▬▬▬▬▬▬   Collateral-backed stable-coins
         github  telegram    twitter    discord           synthetic asset trading and trustless token exchange on TRON
xkatarinax
Full Member
***
Offline Offline

Activity: 266
Merit: 103



View Profile
February 03, 2018, 08:48:07 AM
 #20

do you think it is going to 6000?

bitcoin will never ever go up again

the reasons are:

1. technologically outdated, there are better and faster tech basis available, why by bitcoin when its price rise nimbus and hype is gone, and its tech is outdated? do people still buy iphone 1s or old mobile phone?

2. still high costs.

3. slow.

3. propagandistic competition, there are more than 1500 coins now, that challenge communist rule via central banks, the original small bitcoin community is gone an entire new decentral financial market is now in existance

and those holding the altcoins dont have reasons to talk good about bitcoin


Man o man.
The bitcoins is healthy as ever.
There are 16 million mined allready.
Most bitcoins have never been spend.
Say 75% of the bitcoins have been made.
The last 5 million will be made the next 130 years.
These 75% were made in the last 8 years.
The last 25% will be made in the next 98% of the time needed to make the 21 million bitcoins.
When demands stay the same, their will be never the amount to keep up with demand, casing pirice rises.
With a 10.000 dollar 1 btc, we need to use the milibtc, to make the milibtc just 10 again.
The 10 milibtc will grow to 10.000 milibtc btc in 8 years again
of the 10.000 mili we make 10 microbtc, the MuBTC.
After 8 years the 10 MuBTC will be 10.000 MuBTC again.

The really had to come down.
This correction was predicted and expected
Like 4 year before.
History of the bitcoin will repeat itself.
Every 4 year you will see a really, followed by a drop.
Then a year hardly anything and a hardly better next.
Then a better third and a good fourth year, with a really towards the end of the 4 year cycles.
After the reward is cut in half again, we have a 4 more years of the same again.
Just like after the really from 2013, we saw the same really in 2017.
Just before the rewards are cut in half, we see the exponential price-rises.

We will see a drop, likely to under 5000 dollar.
Because we came from almost 20.000 dollar
Every four years, just before the end of the 4 year period when the reward is halved.
When btc went from 50 cent reward to 25 cent reward we had a really up to 1200 dollar.
We went back to well under 300 dollar so a quarter.
We had 20.000 dollar so we now go to a quarter again the 5000 dollar or even 4000 dollar.
It will be the whole year a slow year.
People will step out, creating more supply and a equal demand.
a steady line will be followed.
Next year is slightly better, 2019 will be as 2015 4 years ago.
If you like to know what the markets will do, look at 4 years ago.
The really is written in the code of the software.
The next price-explosion will be again in 2021.
The more we will come to the end of 2021, the higher the prices will be again.
The same as 4 years before 2021, so 2017. 2017 will be the same as 2013 four years before.

If things stay the same, demand and supply stay steady, we will see every 4 years a repetitition.
But there are flows.
There could be made a lot of duplicates of Satoshi-dice.
When many gambling sites start to use bitcoins and every push on a button of a slotmachine means an transaction of 1 or just 0.5 dollarcent.
Someone evil could write an attack and make a slotmachine that makes 1.000.000 gambles for only 1 dollarcent.
Copying the slotmachine 10.000 times and have them gambling automaticly.
Or make each pull on the one arm bandit as cheap as possible.
When the bitcoincore is above the 3 terabyte, then all ordinary pc owners will get rid of the core.
Today it is just 150 gb.
When the ordinary public doesn't run the core anymore, and hundreds of slotmachines are using the blockchain and cloak it full with meaningless 0,000000000001 dollarcent pulls at a virtual slotmachine, your cup of coffee will have a hard time to be handled as a payment.
Making bitcoinpayments slower and slower.
But even when conformation takes 4 days.
When the system is save, and it seems to be, even a 4 day waiting is no problem.
The banks used to have need of 4 days for they had their money from place a to place b.

The bitcoin is likely to stay the same.
We enter now the same period of rest, we had seen in 2014.
2019 will be as 2015 not a whole lot better.
So will be as 2016 and 2021 will be as 2017 including a race at the end of the year, before rewards go from 12.5 to 6.25 btcent again


What a good history lesson Wink I am agree that there is no reason for panic. It is a good chance to buy more bitcoins and wait when it grow.

Pages: [1] 2 3 4 5 6 7 8 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!