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Author Topic: Is bitcoin still in a strong downtrend ?  (Read 224 times)
gaincoin
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February 27, 2018, 07:16:12 PM
 #1

I don't trade Bitcoin but I want to buy some to invest altcoin . I missed opportunity at 6k because I waited for 4k .

Do you thing Bitcoin still in large downtrend ? 4k is possible ? Anyone with a good skill of forecast can help me compose my mind please. Thank you.
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February 27, 2018, 07:23:30 PM
 #2

Bitcoin is now reaching 11K and it might go to 15K soon. A bullish to bearish trend change is possible, but not very likely. Now big financial institutions show interest in cryptocurrencies, the price can only go up. You can't wait for bitcoin to drop to 4K, that just won't happen. You've just missed 6K and recently 9K, so better step in now or you'll really miss out.

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February 27, 2018, 07:37:31 PM
 #3

bitcoin is trading around 11k now and soon it will fly to moon and reach 20k and then we will see another run for new all time high.

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February 27, 2018, 07:38:53 PM
 #4

March begins, according to the schedule of last year, during this period of time, growth begins! There are no negative news, and the market is slowly starting to revive! I think that now the trend of growth begins! Now is the best time to buy bitcoin, there will be no such low prices until the summer!

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February 27, 2018, 07:54:17 PM
 #5

The price of Bitcoin is not stable at all and no one can say you when it will dump 4k. The stroke of up to 4K impossible not, if you ask me, but when things will happen is unknown. It's too late for Bitcoin, you should try altcoins, for example, you can try Minexcoin.



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February 27, 2018, 07:56:25 PM
 #6

Maybe 6k is possible, 4k would be great for those who wait for it to drop but it is difficult, I think market is still bearish, so maybe it can stop rising and go back again.

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February 27, 2018, 09:29:54 PM
 #7

I don't trade Bitcoin but I want to buy some to invest altcoin . I missed opportunity at 6k because I waited for 4k .

Do you thing Bitcoin still in large downtrend ? 4k is possible ? Anyone with a good skill of forecast can help me compose my mind please. Thank you.

You will never get an actual picture of bitcoin's price trend from the comments of the community members unless you start tracking the bitcoin price closely. All members will have different opinions and since it is a bitcoin related forum, you will mostly see optimistic people around who believes bitcoin will go up at any point of time. Which is a good thing for the community but doesn't necessarily provides the right information.

Also, bitcoin's price trend doesn't always follow the technical analysis. It is a raw reflection of public sentiment. The only way to determine the price trend is to closely follow and track it and use your own intuition before investing.

Generally, if you are looking at a long term opportunity, I would encourage you to go ahead with the current price as it possess significant future potential.

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February 27, 2018, 10:58:19 PM
 #8

The price of Bitcoin is not stable at all and no one can say you when it will dump 4k. The stroke of up to 4K impossible not, if you ask me, but when things will happen is unknown. It's too late for Bitcoin, you should try altcoins, for example, you can try Minexcoin.
I dont think bitcoin were heading to 4k Op should buy btc when it drops the price.  Yes i agree still there is other opportunity to earned other altcoin that has the potential. You know what you still can invest in btc buy some because I believe price of bitcoin will continue to increase.

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February 27, 2018, 11:04:53 PM
 #9

I wouldn't touch it at this current price.  10.7k.  It is much too high to buy at this price. 
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February 27, 2018, 11:20:03 PM
 #10

I don't trade Bitcoin but I want to buy some to invest altcoin . I missed opportunity at 6k because I waited for 4k .
This is why waiting for the dip until eternity isn't recommended. You can wait for the dip but don't be too hopeful for it.

Do you thing Bitcoin still in large downtrend ? 4k is possible ?
I guess we passed a lot of dip so this downtrend is about to end soon. 4k is still possible but don't be too confident, its either you'll buy with the next correction or you'll miss the train.

Anyone with a good skill of forecast can help me compose my mind please. Thank you.
Sorry I'm not good with this.



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February 27, 2018, 11:50:47 PM
 #11

Maybe 6k is possible, 4k would be great for those who wait for it to drop but it is difficult, I think market is still bearish, so maybe it can stop rising and go back again.
All are speculation but let's see where it really on track. Because the market now is on green marks so I am hopeful were not seeing into falling down to 4k. Waiting for the dip to buy is really risks once it drops you have still the chance to invest in bitcoin.

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February 27, 2018, 11:58:11 PM
 #12

It is not on downtrend, it is completely on a fluctuating state. This will gradually get changed gaining more resistance to move forward and reach new ath than the past peak prices. For users who missed the chance of investing at $6000 could wait for a little and could invest at $12000.
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February 28, 2018, 12:20:17 AM
 #13

I don't trade Bitcoin but I want to buy some to invest altcoin . I missed opportunity at 6k because I waited for 4k .
Why not just hold bitcoin to give you less effort and profit in due time? $4,000 is too much and $6,000 is already enough, I'm even thinking about $8,000 would be the least.
Do you thing Bitcoin still in large downtrend ?
Large downtrend? Not anymore I guess.
4k is possible ?
Even $1,000 or even lower is possible if its market cap starts to plummet again.

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February 28, 2018, 01:39:36 AM
 #14

I don't trade Bitcoin but I want to buy some to invest altcoin . I missed opportunity at 6k because I waited for 4k .

Do you thing Bitcoin still in large downtrend ? 4k is possible ? Anyone with a good skill of forecast can help me compose my mind please. Thank you.

$4k is still possible. Nobody says that it's not.

2018 is still relatively bearish when compared to 2017. We're seeing some small pumps here and there and pretty solid recoveries after dumps such as the one we saw just a few days ago (and now we're over $10k once again). The fact that pumps are not as big as last year definitely has a mental impact on traders, especially the inexperienced ones. That's why I think there is a
 POTENTIAL but not guarantee of price going to $4k.

However, if it does happen then it's going to be temporary. Probably going to last a few months at worst and then make a recovery back up to $8-9k. I would recommend starting to accumulate BTC at anything below $12k.

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February 28, 2018, 04:35:15 AM
 #15

I don't trade Bitcoin but I want to buy some to invest altcoin . I missed opportunity at 6k because I waited for 4k .

Do you thing Bitcoin still in large downtrend ? 4k is possible ? Anyone with a good skill of forecast can help me compose my mind please. Thank you.

first things first, you say you want to buy bitcoin to invest in altcoins. then if you are really good at making profit from altcoins, you should not care about what current bitcoin price is because the profit that you can make from altcoins on a daily basis is a LOT higher than the possibly drop that bitcoin may or may not have.

i say the chances of seeing any kind of major drop is much smaller now and will shrink each time it goes down to test the bottom support ($9k range) and comes back up again failing to drop more.
as you can see for the past week or so the trend has been stability and going sideways more than anything else.

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February 28, 2018, 04:58:00 AM
 #16

I don't trade Bitcoin but I want to buy some to invest altcoin . I missed opportunity at 6k because I waited for 4k .

Do you thing Bitcoin still in large downtrend ? 4k is possible ? Anyone with a good skill of forecast can help me compose my mind please. Thank you.

If you want value when you invest, you should look at the charts and run some basic technical analysis. The low for 2018 was February 6th IMO (Which I have stated in a few posts)

Warren Buffet has a good quote on when to buy and sell. It's something like: Run when people are greedy and buy when there is blood in the streets.

BTC is approaching a breakout above the upper trend line, if that happens, it's going to take off in March IMO. On the GDAX exchange, if it breaks above 11,695, your probably not going to see prices under 10k this year.
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February 28, 2018, 06:17:11 AM
 #17

I don't trade Bitcoin but I want to buy some to invest altcoin . I missed opportunity at 6k because I waited for 4k .

Do you thing Bitcoin still in large downtrend ? 4k is possible ? Anyone with a good skill of forecast can help me compose my mind please. Thank you.

If you want value when you invest, you should look at the charts and run some basic technical analysis. The low for 2018 was February 6th IMO (Which I have stated in a few posts)

Warren Buffet has a good quote on when to buy and sell. It's something like: Run when people are greedy and buy when there is blood in the streets.

BTC is approaching a breakout above the upper trend line, if that happens, it's going to take off in March IMO. On the GDAX exchange, if it breaks above 11,695, your probably not going to see prices under 10k this year.
the down thread were already done, its recovering now, we just don't know yet will it be fast on recoveringor will took more time to arise fast.

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February 28, 2018, 06:48:32 AM
 #18

I don't trade Bitcoin but I want to buy some to invest altcoin . I missed opportunity at 6k because I waited for 4k .

Do you thing Bitcoin still in large downtrend ? 4k is possible ? Anyone with a good skill of forecast can help me compose my mind please. Thank you.

It's definitely not in a downtrend.

The pullback was over ages ago. If anything, price is moving without a general direction right now. There is absolutely nothing to worry about. Accuracy of forecasts are generally very inaccurate, but I think that we may see $15k soon.

Buying is about what your objective is... If you want to make a short term trade, wait till when price drops to $7k again and then by for the recovery up to $10k. That should make you a fair amount of profit. Investing now to ride it up to $12k wouldn't be a bad idea either. Obviously could go either way, though.

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February 28, 2018, 07:18:35 AM
 #19

You might have noticed that the dips are reaching higher and higher lows in the past month since correcting back from 6k. Obviously there will always be profit taking at 11 and 12k, for those traders looking to book in easy 10 to 20% profits buying just below 10k, but soon there will be those buying at 10.5 k looking to sell at 12.5 and 13, so you can definitely expect it to climb higher... unless more people sell off for alts and liquidity. If Monday we see 12k, prepare for 13, to 15. before correcting back to 11 and 12.

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amaydel
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February 28, 2018, 07:45:33 AM
 #20

I don't think that the correction made last January to February is the last correction bitcoin will undergo this year. I believe there are still corrections to be made but i don't think the next correction can cause bitcoin to go beyond the dip it had few weeks ago when it down 5,000$ mark.

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