It is not yet over as bitcoin heading toward $4,500!

[Trimegistus]

Crypto has a long way to go when it comes to reputation.

Most people still read about this with suspicion and some of the media are still supporting that idea by spreading the news about hackers/criminals using blokchain to hide and launder money.

But this community has the greater responsibility; We are the ones who should control the prices of the main assets.

Instead, a lot of us are only concerned with exploiting the feeble minded by luring them into the latest, ultimate ICO/airdrop...

BTC is suffering mostly due to the global bad reputation of crypto activities.

[Hadji]

I think if he falls to such a price, maybe then people will start to hold it, and become more patient, or maybe it's a general panic to buy at low prices?

[Best Dreams]

So let's be more vigilant on the said month so that we will not lose our potential profit if Mt.gox dumping happen again.

MtGox dumps shouldn't be happening anymore, or at least not in the severe form again. Important to note here is that they have already gained the total fiat amount needed to compensate people as per the agreed Bitcoin unit value at the time of happening. The only question from here remains what will be happening with the other coins, which happens to account for an insane value in the range of $1.3-$1.4 billion right now. I strongly hope that these coins will be given back to their original owners in a fair manner. People deserve to have their coins back, because even with the current compensation arrangement, it still feels like a tremendous loss. I seriously hope that the Japanese government won't gobble them up, because that would be totally unfair in each and every aspect.

If they  dumping while the price is high that's a wise move for  them but a selfish move for  the small investors because that that's the reason for the rapid down full of bitcoin price. But  when they will buy in bulk these would make bitcoin price to rise again.

I do agree with you that buying bitcoin is good to buy at the time of low price all the time, if you will buy when bitcoin at dump then at the time of pump you will be able to get profit, for me bitcoin is best choice if you have patience you can make high profit, as I plan to hold my bitcoin for long time and I will never sell it at low price, gradually bitcoin is increasing and it will go more high than this till the end of 2018 bitcoin suppose hit 100k dollar, so wait and watch your bitcoin growing.

[wantjokull]

I don't think it will fall to that level...  But actually this is the best time to buy bitcoin if you want to invest

But it’s there anything wrong with it falling as low as that? It’s because we are always interested in making profit through buying and holding, but  it’s just a waste of time cause there are already other good ways we can earn money from it. I also believe it won’t fall to that price of $4500. The current price now is around $8,700 or $8,800 and I believe it will go up from there, though there would be some little fluctuations on the way.

Good thoughts always. :-)

Well, its about the personal level of thinking on how to take the current market situation. I mean we could make it bright by seeing an opportunity or we could just turn it into red zone by saying that bitcoin is crashing and it will drop to zero now. Its over and we are screwed. Its all about the people, as we are in the decentralised market, it really means something and when people make decision then that is what affects the market value. In this case people are not being resistance enough to the downfall and they are not making good approach toward the bitcoin that is the reason we are not spiking as expected yet. The downfall wont be to 4500 as it has already started moving upwards. Agree that with some fluctuation in the way bitcoin will rise above the expectations soon. 

[Betwrong]

I really believed that bitcoin will go to that price or even lower that it will reach at least $4,000 but in the long term basis, i am still believing in bitcoin that it will reach more than $30,000 and that is really possible after a few years so when the price of bitcoin really goes down then i will just get a lot of bitcoins and keep them for long term purposes to earn a lot of profit.

It won't drop down to that level ever again. The lowest it went was $6,000 and assuming the guys at the Mt.Gox liquidation doesn't suddenly dump every coin in their wallets in an instant we'll see a good rise in price in the next coming weeks. Based from recent events it seems like they aren't gonna dump everything that fast and they will just maintain this price level.

The trustee of Mt.Gox will never attempt to sell all at once because they know it would be disadvantageous to them in the first place. They always try to sell as high as possible, but after big amounts sold the price inevitably goes down and they definitely don't want that. Also according to the article on coindesk, https://www.coindesk.com/mt-gox-trustee-denies-400-million-sale-caused-bitcoin-price-slump/, they try to sell "in a manner that would avoid affecting the market price". They are still in possession of 166,344 BTC which means the similar sellings will be performed at least 3 times in the future, but since they do it in smart way it will hardly lower the price to the level suggested in the OP.

[krigger]

I think it's possible for bitcoin to go to $4500 before it starts going back up again. I mean The price is over 3 times the value it was by this time last year and what people are calling a bad market is actually a much better market than before. 8k for bitcoin is not something any of us planned on seeing soon and now 8k is low market price for us, if we look at the previous markets then we will appreciate how far we have come which is a good place.

[ThunderCatSteve]

The was a time when bitcoin went from  $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward  $4,500 and I hope we are all prepared to buy at the lowest price.

A lot of buy support on the market, this is why we will not see bitcoin price will touch below 6.000 USD.
The market can show us now that we are just getting ready for the rocket to fly soon. Once the Chinese done on celebrating their new year we will have the gas and ready to take off again. you said you see the graph of these, then you should know by now that bitcoin will be huge this February after new year.

[tailwate07]

The was a time when bitcoin went from  $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward  $4,500 and I hope we are all prepared to buy at the lowest price.

  For now , bitcoin price still descending, reaching about 7k , different reactions arise regarding this , some people wants to go down deeper so that they will instantly buy for investment , but most of crypto holders wants bitcoin to maintain price inclination because I believed it is one of the barometer for global adoption of bitcoin.

Yeah I agree, bitcoin needs more people to support on this technology and that might be a purpose to attract more new buyers into a good bull run. Although the had price had now slowly increasing I hope that this is now the moment we are waiting.

More people will support bitcoin with the surety of its legalization all over the world. People are really after it in those states where governments have declared it legal for the general public. Still there are many states which are not in favor of bitcoin and banning it for any kind of use. I have personally bumped into some aspirants of bitcoin who are ready to support and invest once it has support of government.

[logicgate]

The was a time when bitcoin went from  $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward  $4,500 and I hope we are all prepared to buy at the lowest price.

A lot of buy support on the market, this is why we will not see bitcoin price will touch below 6.000 USD.
The market can show us now that we are just getting ready for the rocket to fly soon. Once the Chinese done on celebrating their new year we will have the gas and ready to take off again. you said you see the graph of these, then you should know by now that bitcoin will be huge this February after new year.

The hard time is almost over because the Chinese are over with their new year celebrations. They are back to work again which means the exchanges and markets will be highly active now taking the grog of bitcoin to the greener part. The hope is given to everyone now that bitcoin is ready for taking a journey to moon and back. No need to get worried about the market and related things any more.

[Tigerw]

The was a time when bitcoin went from  $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward  $4,500 and I hope we are all prepared to buy at the lowest price.

A lot of buy support on the market, this is why we will not see bitcoin price will touch below 6.000 USD.
The market can show us now that we are just getting ready for the rocket to fly soon. Once the Chinese done on celebrating their new year we will have the gas and ready to take off again. you said you see the graph of these, then you should know by now that bitcoin will be huge this February after new year.

have already passed all conceivable and unthinkable terms. We see a very bad state of things on the crypto-currency market. Although if you do trade, you were satisfied with a small profit, you can earn on the difference in price, And despite the complete fall of the markets 50%.

[Bagaji]

The was a time when bitcoin went from  $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward  $4,500 and I hope we are all prepared to buy at the lowest price.

I don't see Bitcoin value depreciating below the strong surport line around  $6,500 and this type subject line create a lot of panic sell in tje crypto currency community and shouldn't be encourage at all.

[glavos]

The was a time when bitcoin went from  $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward  $4,500 and I hope we are all prepared to buy at the lowest price.

I don't see Bitcoin value depreciating below the strong surport line around  $6,500 and this type subject line create a lot of panic sell in tje crypto currency community and shouldn't be encourage at all.

Actually the supports there are not that strong. I also think we will drop around the $6500-4000 range and go up from there.

[concept2]

I believe a lot will support it even more at 5000. Excited with these price.

It is fake support, I assume. Many support price have been broken easily. I can say that they just create those wall to make investors come down to hold so that they can easily dump the price.The point is when bitcoin is about $5000, I will sell my house to buy bitcoin

[Yatsan]

That's indeed true especiallly at times like this whereas its market value is falling surely, the best thing to do is to invest. When it comes on investing to Bitcoin, you really don't have to wait for its price to fall that much, because it will just take your time. The best thing to do is to invest already and wait until the market value starts to recover and earn profit by that time.

[peter0425]

The was a time when bitcoin went from  $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward  $4,500 and I hope we are all prepared to buy at the lowest price.

I don't see Bitcoin value depreciating below the strong surport line around  $6,500 and this type subject line create a lot of panic sell in tje crypto currency community and shouldn't be encourage at all.

I also thought that the so called support levels are very strong, however we have seen it broken many times just like the $8500 support which have been broken easily and the $8K support levels. I guess everyone should not worried when the price really dip at $4500 because its going to be the golden opportunity that we all have been waiting for. We can stash and accumulate because it will be very cheap at that moment.

[ArnoldChippy]

The was a time when bitcoin went from  $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward  $4,500 and I hope we are all prepared to buy at the lowest price.

I don't see Bitcoin value depreciating below the strong surport line around  $6,500 and this type subject line create a lot of panic sell in tje crypto currency community and shouldn't be encourage at all.

I also thought that the so called support levels are very strong, however we have seen it broken many times just like the $8500 support which have been broken easily and the $8K support levels. I guess everyone should not worried when the price really dip at $4500 because its going to be the golden opportunity that we all have been waiting for. We can stash and accumulate because it will be very cheap at that moment.

Bitcoin is really getting a very strong support at that level and that is why we can expect that bitcoin price is not going to fell doown anymore, but will continue increasing for a long time, in fact bitcoin has the ability to recover its position very soon therefore i think that it is the best time for bitcoin investment, because bitcoin is going to recover its price and will very soon trade above 20000$.

[samycoin]

The was a time when bitcoin went from  $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward  $4,500 and I hope we are all prepared to buy at the lowest price.

I think bitcoin will not go down to that price but who knows. The best we can do is buy more bitcoin because it's affordable and I think bitcoin will not forever in the price down or high it's digital currency so we all know bitcoin will not have stable price. The we can do is to buy when it's cheap or affordable.

[g-uid]

The was a time when bitcoin went from  $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward  $4,500 and I hope we are all prepared to buy at the lowest price.

I think bitcoin will not go down to that price but who knows. The best we can do is buy more bitcoin because it's affordable and I think bitcoin will not forever in the price down or high it's digital currency so we all know bitcoin will not have stable price. The we can do is to buy when it's cheap or affordable.

Pretty sure I am going to get flamed for this, but here are my thoughts so take it for what it is: a year ago Bitcoin was $1190, it's arguable that it had the goodwill that it had today but what is clear to me is that it did not have as much negative press as it does now. Lots of haters out there. Lots of big money players now pursuing the bear strategy and they now have a platform upon which to do it at scale. This was not the case a year ago, so I see Bitcoin going much lower than it is and have my buy orders set to kick in at $1500.

Call me a hater, call me a naysayer, but it's the way I see it.

[butcherme]

The was a time when bitcoin went from  $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward  $4,500 and I hope we are all prepared to buy at the lowest price.

Bitcoin had gone through a lot, the market crashed really hard a lot just and still take a look how cryptocurrency price and demand grew. So, just fasten your seat belt and relax, market crash is not a permanent thing. It is part of the normal crypto market.

[Finestream]

The was a time when bitcoin went from  $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward  $4,500 and I hope we are all prepared to buy at the lowest price.

Bitcoin had gone through a lot, the market crashed really hard a lot just and still take a look how cryptocurrency price and demand grew. So, just fasten your seat belt and relax, market crash is not a permanent thing. It is part of the normal crypto market.

Although i am convincing myself that bitcoin price will not go down anymore,but i cannot give it an assurance so i guess let's be ready for its worst.I know being in crypto world does not give us a permanent outlook,today the price is pumping,tomorrow might be its worst dump.So whatever it is,my faith in bitcoin is my only tool why i keep on holding all my coins.