Has the Bitcoin Price Bottomed?

[Qartersa]

I do not think Bitcoin's price bottomed even if it reached the $6k level. It has always been radical than the usual price fluctuations of financial markets. Hence, I expect the range to be wider and broader in all aspects of it. Now, I hope people in here is mindful enough of what they are getting themselves into because this is an investment that is truly sui generis or otherwise known as "a class of its own". It is thus irrational to compare Bitcoin with the traditional financial markets. As what others would normally say, "expect the worst and hope for the best". 

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[freesia_pnp888]

hahahaha worst than u'd predicted 

[EugeneJanet]

Is $9350 the bottom and the start of the next wave up?  It was a strong retracement level, if it break we could be looking at $8800 as the next one.
I am hopeful of it holding, just wondering what others were thinking?

It's amazing how much bitcoin is now worth $6,600. It has gone down a lot in the last few months, and we don't know when it will stop falling, and we can only choose to continue to hold or sell, which requires you to make your own choices.

[Kidmat]

Is $9350 the bottom and the start of the next wave up?  It was a strong retracement level, if it break we could be looking at $8800 as the next one.
I am hopeful of it holding, just wondering what others were thinking?

this question seems no end. now bitcoin price is around $7k, i will ask the same thing.
is $7k the bottom point of bitcoin on this year ? i guess there is no answer.
bitcoin and cryptocurrency is hard to predict.

Yes it is hard to predict the price may bottomed since market fluctuates everytime. Anyone could assumes but this time price is really busy maybe once it hit very low it could sudden going up. This is the usual scenario of bitcoin price may happen.

[bankbytecode5]

I am a total newbie and has no ideas regarding the btcoin economy even a little

[riki28]

Is bitcoin price down? bitcoin is a digital currency that is very risky to changes in value. whether it will be one of the currencies recognized by all countries. if one of the bitcoin mines closes then it is likely they will remove all the bitcoins it has. so the availability of the currency will be abundant in the market. this triggered a chain effect that resulted in a fall in prices. this may be one of the reasons why bitcoin prices go down.

[jpaul]

Mayb it has, the red zone ha affected its value way too much that i dips further, it will be a disaster, we cant however claim that this it the bottom as the crypto market is very unpredictable

[nilstairs2]

Cant say, because as it is no physical stock so its previous track cant be estimated to make a notion of profit

[C. Bergmann]

And it just goes deeper in the dip. I'm not expecting a great increase or pumps really in the near future. Maybe after months or as the year end gets nearer then there might be a substantial increase in price like what happened last year. I'm not really into with short term in terms of BTC but rather in long term.

[Vasilije69]

I set $6000 for lowest border it can reach. Since it almost hit it in last days I don't think, or at least I hope, it won't go down any longer.
Let's hope big pump expects us soon.

[pootutus]

No one knows where the bottom of bitcoin is, and I think the bottom is relative. It changes with the market environment. When the market environment is very bad and produces FUD continuously, the bottom of bitcoin can continue to decline.

[hrz]

price issues nobody knows when bitcoin goes up and when bitcoin the price goes down but we can only forecast it, whose name forecast is not necessarily true.

[ipanks]

maybe what we can see in a few weeks ago is the bottom price for bitcoin and now the price is starting to move to a higher price. but there are no other people that will know how much bitcoin price in the bottom because the price can go down at any of price but the price will bounce up again. so we can only say that when the price is down in one level price and it's getting up, then we can called that is the bottom price for bitcoin and this will happen over and over in the future.

[nebiki]

indeed it was yesterday bitcoin prices dropped drastically, but for now this bitcoin prices have started back up again. and hopefully soon the bitcoin prices as they were

[mangle]

Yes, everything is possible, everything depends on the market. He can become and 100$

[Dbigfoot102]

As an update to this post, bitcoin had still been lying low not surpassing the 9000$ level you told in this post as the bottom. It is still trying to move very slow going up. I think it is a bit stable by now to around 7000-7500$ at the moment. This showed how volatile bitcoin was such they call bitcoin a bubble. I don't personally consider bitcoin as such though because there are too many events that have negatively made an impact on it.

[phucdigan]

Here is one that started in January and is still proceeding.
They are using time dilution technology to slowly distribute 9 billion, 20.000  MTC at a time, coins to those who help promote their new project.
Marinecoin has been around a long time and is time tested value. 
Machine to machine transactions will be possible with MTC because transaction speeds are fast and zero fees.
Still over 9 billion to earn so check it out here marineco.in

[Idup]

No one knows for sure. Could be bitcoin through the lower limit of $ 8000 or bitcoin increasingly soaring prices. To make sure the users and fans of bitcoin expect a high value. This could be the start of the next wave but then it could also go down because bitcoin prices are very unpredictable.

[pandanpanda]

Is $9350 the bottom and the start of the next wave up?  It was a strong retracement level, if it break we could be looking at $8800 as the next one.
I am hopeful of it holding, just wondering what others were thinking?

bitcoin is very volatile at times will change, because bitcoin does not depend on anything and anyone, and not one party can control bitcoin

[lautantepi]

But now buy support seems to be around $ 9500 which holds strong but that does not mean it can not be broken. a big dump by some market makers could just drop it and being the simplest panic would help the decline to be bigger than just a dump.