signalbitbot (OP)
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February 04, 2018, 07:43:18 PM |
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A fall below $ 7,950 on the bitfinex will make it clear that the markup is not valid, because wave 2 can not fall below wave 1. This will be very bad.
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tyuner4
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February 04, 2018, 08:00:41 PM |
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Sometimes Bitcoin cannot be explained using technical analysis. IMO, there are too many fuds recently. Another reason is due to the Chinese New Year in mid Feb, I guess many Chinese will cash out during this period.
But I am confident that Bitcoin will recover later on.
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walterw
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February 04, 2018, 09:01:45 PM |
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I'm not worried, as it has become a tradition that btc price falls in january. Look at the data from the last few years, then you will notice that the price always fell in January. By the end of February or the beginning of March the price has risen again. I think this year will be similar and prices rise again no later than at the end of March. I hope so anyway.  |
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Baofeng
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February 04, 2018, 09:10:07 PM |
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Been bad for the last couple of months now, so I think I have already witnesses the bad side of bitcoin. However, it doesn't mean that bitcoin cannot bounce back from all of the crisis its facing. Its very resilient as far as I know, although its the first time I have seen this sort of "bear" market, I think that bitcoin will recover and try to test another all-time-high.
If you mean that the price is not valid, well I guess no one can really tell. Its bad on supply and demand. The more people demanding the more the price goes up. As far TA, I'm not that technical to be honest, but I have seen TA's either a hit or a miss. So I don't bother to go with it. Its based on pure market speculation, most of the time TA doesn't apply to it.
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maimainguyen05
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February 04, 2018, 09:26:51 PM |
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Don't be so panic. Cryptocurrency market dump and pump every single day, it's indispensable thing. You should keep holding all your coin and token until Q2 of this year. There are a lot of news related to cryptocurrency come from Asia and US, these news affected a lot to cryptocurrency price and Bitcoin is not an exception. But you no need to worry, everything will be fine, as I know all problems solved and the all the market will be painted in green very soon  |
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Stingray1970
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February 04, 2018, 09:34:27 PM |
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I still wonder how much of this is caused by govs or banks in some way. If that's the case it's not looking good.
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Aderiho Bitjones
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February 04, 2018, 09:50:28 PM |
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Now bitcoin is going through not the best hours. Falling below 8,000 is unacceptable, but it's a fact. And we have nothing to do. Remain to wait, and hope for better.
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aardvark15
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February 04, 2018, 09:55:39 PM |
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A fall below $ 7,950 on the bitfinex will make it clear that the markup is not valid, because wave 2 can not fall below wave 1. This will be very bad.
I’m no expert on charting so I can’t get technical about that. I do know that back in 2013 and 2014, there was a huge crash just after I bought my first Bitcoins and the price dropped from about $1200 to around $200 over the course of a couple of years before recovering. With that in mind, it could drop more than it currently has in this crash, but I still think a recovery will happen eventually. |
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The Sceptical Chymist
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Cashback 15%
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February 04, 2018, 09:59:54 PM |
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The weak hands will always get shaken out, because the bitcoin market--like every market in existence--is going to go through serious crashes like this. And come on, people have been predicting a drop like this ever since we crossed $5000.
When we hit $19,000 it was pretty damn obvious that bitcoin wasn't going to stay there because it rose way too fast. Noobs don't realize that bitcoin is not an asset that "just keeps going up day by day". I don't know how many times I've read those words here, but they're idiotic.
Nothing in the world goes straight up. Didn't happen in 2013 and it won't happen now. And what do I think about bitcoin being below $8000?
GREAT BUYING OPPORTUNITY.
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walterw
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February 04, 2018, 10:17:54 PM |
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GREAT BUYING OPPORTUNITY.
I am exactly your opinion. Now you just have to check the perfect time to buy btc. The danger that btc is still sinking but still exists, so I would advise anyone to buy with care. Otherwise you could lose more than you want. But then you should be patient and HODL your coins! |
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HokageNanadaime
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February 04, 2018, 10:20:55 PM |
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I am not too sad about the fall of bitcoin because I am very hopeful for bitcoin and other coins.I hope to rise soon all coins and of course bitcoin.
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Aneuk cabang
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February 04, 2018, 10:28:22 PM |
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Bitcoin is new currency that not accepted yet by many countries and even ban it. And the price's is less stabilized. According to bitcoin market trends, the bitcoin price's is always (according laat year data) falling down in tje bigining of year and will rise again gradually. If you really wantbto invest in bitcoin, hold it and dont be panic seller.
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pixie85
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February 04, 2018, 10:30:07 PM |
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A fall below $ 7,950 on the bitfinex will make it clear that the markup is not valid, because wave 2 can not fall below wave 1. This will be very bad.
Maybe what people called the bottom 2 days ago wasn't it? Maybe it just confirmed the bottom right now as it failed to fall significantly lower than the first one. It wend just $100 lower so we could say this is the same price range. If it is so the beginning of the recovery will be now. |
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ogini
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February 04, 2018, 10:47:21 PM |
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My opinion is people have jump into investing into the bitcoin investment without making some valuable research about it,if you have made a little research you will find out that it has been a normal thing for bitcoin to fall and raise again,you will also know it has gone through difficult times but it has always succeed in it market,new investors need to understand that they need to hold and wait for it to raise again above your cost price.
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coinbitrade
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February 04, 2018, 10:55:11 PM |
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Sometimes we observed several times the drop in the price of bitcoin. But always he comes back, and always put new price records. In this situation, everything repeats itself. And I think in a short time the price will stabilize.
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KevinHD
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February 04, 2018, 11:01:59 PM |
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It's great that Bitcoin would rest for a while while other cypros and altcoins would kick the market. Its a great opportunity to buy bitcoins as soon as it is cheap. Invest now and have a huge money at the end of the year.
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Tux99
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February 04, 2018, 11:03:37 PM |
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A fall below $ 7,950 on the bitfinex will make it clear that the markup is not valid, because wave 2 can not fall below wave 1. This will be very bad.
Its already very bad run from all of cryptocurrency. So if this is going lower again than its worse. As i know in crypto, technical analysis is sometime not working. So you have good analysis but i think its not 90% work. News or fundmental is the most important reference which can make sure the price up or down. |
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dewynijhof
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dApps Development Automation Platform
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February 04, 2018, 11:17:29 PM |
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A fall below $ 7,950 on the bitfinex will make it clear that the markup is not valid, because wave 2 can not fall below wave 1. This will be very bad.
bitcoin has become so fluctuative recently, it has dropped too quick down below 7900$ in just a short time, however, the worst is not coming yet, the lunar new year is very close, i believe more investors will sell their coins to celebrate new year, so the closer to the new year, perhaps these drops will happen faster, lower than even now. i that case we can save some money to buy cheap coins or just holding to our coin and wait until the storm passed. |
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gilangIDR
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February 04, 2018, 11:32:43 PM |
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GREAT BUYING OPPORTUNITY.
I am exactly your opinion. Now you just have to check the perfect time to buy btc. The danger that btc is still sinking but still exists, so I would advise anyone to buy with care. Otherwise you could lose more than you want. But then you should be patient and HODL your coins! It seems that bitcoin prices will not go down any more drastically. Even very possible to increase, now the trend of bitcoin movement is always so. The bitcoin price decreases and then increases, that's what the graph looks like. If done analysis then buy bitcoin is now quite worth it, with a cheap price then we can sell bitcoin at a high price in the future. If calculated then by taking the trading within a short time then we can take advantage. |
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Vannie12
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February 05, 2018, 12:31:39 AM |
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Probably, it's still because of the unscaleable demand of bitcoin that we have been experiencing in years now I guess.
We are forcing bitcoin as mode of payment which is its function as a currency. Though we have known that Nakamoto did not thought about bitcoin facing such problem like lacking nodes and blocksize, devs find ways to make all fit.
While we are still in the the situation, it is not going to be healthy for businesses. That is why some are not accepting it anymore. Causing more crashes.
Gladly, bitcoin is a store value which makes it survive.
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