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Author Topic: Is bitcoin still in a strong downtrend ?  (Read 224 times)
KorakPawon
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April 01, 2018, 12:25:32 PM
 #41

Bitcoin will be destroyed at the beginning of this september and it will be difficult to get back healthy. Still remember the hardfork case? Looks like his pattern will be the same as China's ICO case hehe. So buy bitcoin now and hold it until october

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April 02, 2018, 01:22:03 PM
 #42

Bitcoin will be destroyed at the beginning of this september and it will be difficult to get back healthy. Still remember the hardfork case? Looks like his pattern will be the same as China's ICO case hehe. So buy bitcoin now and hold it until october

Well september is still a long way to go though i can agree that many people are looking at that time wearily with the sellout of mt.gox btcs resuming. If btc will have another run like last year it would likely be after that

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April 02, 2018, 01:53:09 PM
 #43

For now there is a tendency for me to be a descendant that for me will not be too deep, it's hard for bitcoin to show improvement because bitcoin has lost a lot of money today, buy it now and maybe it will help bitcoin to pump again for later this year .

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April 02, 2018, 02:18:48 PM
 #44

If the double bottom confirms, the downtrend will probably be over and we will be at $10k in May.

If it keeps declining, then $4k in two weeks, and $2k in May. In this case we can have a recover in May after $2k or in July after $1k. Its possible it will stay in three-digits for some days, too. Recovery will be very slow and we will only be back to $10k in December.
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April 02, 2018, 03:47:33 PM
 #45

If it keeps declining, then $4k in two weeks, and $2k in May. In this case we can have a recover in May after $2k or in July after $1k. Its possible it will stay in three-digits for some days, too. Recovery will be very slow and we will only be back to $10k in December.

And if $1000 doesn't hold we'll be up for $500, and when $500 doesn't hold we should prepare ourself for $200. Cheesy

Your prediction is all over the place and doesn't hold much reality to it. Nothing in the world justifies the price to fall back down that much, and especially not with how people adjust their predictions based on how the market moves. People in each active bull run are mentally being played with, and that's definitely not a surprise in this case. I just find it quite entertaining, more precisely said.

Bull run last year = $50,000-$100,000 speculation.
Reverse bull run this year = $1000-$4000 speculation.

The thing with reading charts is that basically ANY scenario can be pointed out, but that doesn't mean it will automatically happen. Last year was the perfect example of how useless technical analysis can be when greed and fomo start playing an important role. Analysis said that the top would be $3000, $4000, $5000, $6000, etc. All the way till the peak this nonsense was ruling the market.

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April 03, 2018, 03:22:17 AM
 #46

And if $1000 doesn't hold we'll be up for $500, and when $500 doesn't hold we should prepare ourself for $200. Cheesy


I think not, because I'm basing my speculation in data from previous crashes. In 2011 there was a 94% crash, in 2015 a 87% crash, and current crash is already 70%. From 20k to 200 it would be a 99% crash. I think money will flow in before it reaches this value, and the price will not go lower than $800, in a worst case scenario.

Just because I'm saying it can happen, dont means it will happen.
SirLancelot
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April 03, 2018, 10:58:21 AM
 #47

Bitcoin will be destroyed at the beginning of this september and it will be difficult to get back healthy. Still remember the hardfork case? Looks like his pattern will be the same as China's ICO case hehe. So buy bitcoin now and hold it until october
Don’t at least use the term ‘destroyed’ for bitcoin. It seems as if it is going to leave the crypto market forever. If bitcoin is going to face another dump in the coming months, that is not an issue at all. If bitcoin is not performing up to the mark, so are the altcoins doing.

This is why bitcoin not loses market or investors when the prices get down drastically. We simply need to hold on to our coins as tight as possible.

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markdario112616
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April 03, 2018, 11:09:09 AM
 #48

As of today, Bitcoin's price is playing around $7200-7400 if it breaks the 7400 mark then, there would a high possibility that it will reach the $8000 mark. But if doesn't, then there are 2 possibilities that might happen, it would stabilize at around $7200+ or much worst it would depreciate up until the $6000 mark. Though Bitcoin is somehow showing some strength to rise up again, we can't be too complacent. A simple mistake could cost a lot, so better not to let our guard off. Be mindful and cautious especially if you are trading.
nightfury
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April 03, 2018, 12:52:55 PM
 #49

I think bitcoin is starting to recover from yet another downfall once again. Even if the cryptomarkets are pleasing in the eyes again, but still, the price is still down as it is starting to recover back and made me think that this will be the start of the bullish market.

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Denker
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April 03, 2018, 02:26:12 PM
 #50

I think bitcoin is starting to recover from yet another downfall once again. Even if the cryptomarkets are pleasing in the eyes again, but still, the price is still down as it is starting to recover back and made me think that this will be the start of the bullish market.

I believe it's just another short term bounce.
Imo we are not done yet and I expect more attempts to push us below $6k and maybe below $5k as well. Just to clean all the weak hands and rational thinkers out who believe they know better.
The market and especially Bitcoin always loves to teach you a lesson. In positive ways, as also in negative ways.
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