richardsNY
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Activity: 1232
Merit: 1091
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May 05, 2018, 07:35:28 PM |
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I wasn't all that focused on tax sales at that time, but that would only convince me more of a correction to happen at $20,000.
Well, the thing with these somewhat predictable events is that you only know that they affect the market until they actually affected the market. And then we have to see the effect of the tax season on a market that hasn't gone up like crazy. There are too many variables involved making events such as the tax season work out as you think this year, but not work at all the year after. In other words, past events offer no guarantees in the future. What I however do agree with is that when we like last year experienced a crazy rush towards the end of the year, that it is very likely for a correction to occur due to investors using their profits to pay for their taxes. It still doesn't offer any guarantees, but it increases the probability of tax sales. |
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icecube45
Legendary
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Activity: 1218
Merit: 1000
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May 06, 2018, 05:00:15 AM |
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At that time bitcoin prices dropped to $ 7,000 due to news about advertising bans on some social media, it made bitcoin prices down. And it's still reasonable because a few years ago the price of bitcoin ever dropped more severely. Now the bitcoin price will be close to $ 10,000, and the price will be normal again, so no worries.
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gabmen
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May 06, 2018, 01:03:51 PM |
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At that time bitcoin prices dropped to $ 7,000 due to news about advertising bans on some social media, it made bitcoin prices down. And it's still reasonable because a few years ago the price of bitcoin ever dropped more severely. Now the bitcoin price will be close to $ 10,000, and the price will be normal again, so no worries.
Well we may be surprised a few years from now that this current value would be a low price already. A year ago 6k is such a high value that it took a really long while before we even got close to it. Now it's a support that we didn't hit during the correction. |
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krauzzer02
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May 06, 2018, 04:55:03 PM |
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What's going on about bicoin....! Right now bitcoin price is 7,010.00 US Dollar. It is very cheap rate for bitcoin. Why bitcoin getting down and down?  That's how the crypto market works even in the stock markets the price have a chance to go down due to some circumstantial factors and market corrections you should be aware before investing, don't put eggs on unknown baskets they may have some damage or disadvantages that you didn't know, you should see it as an opportunity to buy more cheap bitcoins and altcoins also. |
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followmenot
Sr. Member
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Activity: 533
Merit: 251
Streamity Decentralized cryptocurrency exchange
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May 06, 2018, 05:55:13 PM |
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I am pretty sure every other investors still wait for bitcoin to drop in buyable price ever since 2015. lol.
Truth is everyday is last cheap day with bitcoin. It only climbs up and you should enter at some place.
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kdrama
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May 06, 2018, 08:32:40 PM |
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For me bitcoin price hits the lowest value of it in the whole generation and it will ended up in the high value of it in the near future. If the value of bitcoin will increase this year for sure it will impact some positive attitude to all traders.
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cmacwiz
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May 07, 2018, 06:55:22 AM |
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What's going on about bicoin....! Right now bitcoin price is 7,010.00 US Dollar. It is very cheap rate for bitcoin. Why bitcoin getting down and down? Your are demanding like the others. For now i say that you are so lucky even if you are a new to the trend of cryptocurrency. So i told you a reasons why i'm say to you like that? because for the earlier ones and started with the trend of crypto that they went through most of the price history of bitcoin. And like to ours that we can earn a bitcoin that can be converted at a good price right now unlike to thouse first to know about crypto. from my experience in bitcoin there are very less chance for bitcoin to become a low price because the demand of bitcoin is very popular in all over the world and become the most popular cryptocurrency in all over the country so the price of bitcoin will countinously increase . But know one sure about the price of bitcoin it may decrease in the future it depend on the demand of the people whether the demand of bitcoin will increase or not . |
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OrangeII
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May 07, 2018, 07:12:20 AM |
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For me bitcoin price hits the lowest value of it in the whole generation and it will ended up in the high value of it in the near future. If the value of bitcoin will increase this year for sure it will impact some positive attitude to all traders.
in fact, there is still a great possibility that bitcoin prices may decrease. but, all bitcoin users feel optimistic with bitcoin prices. some even argue that the current price is a low price, and bitcoin prices will be more than $ 20k. |
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Cacingkemi
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May 07, 2018, 07:28:51 AM |
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For me bitcoin price hits the lowest value of it in the whole generation and it will ended up in the high value of it in the near future. If the value of bitcoin will increase this year for sure it will impact some positive attitude to all traders.
in fact, there is still a great possibility that bitcoin prices may decrease. but, all bitcoin users feel optimistic with bitcoin prices. some even argue that the current price is a low price, and bitcoin prices will be more than $ 20k. Right dude bitcoin maybe go drop but not fall once,Some opinions are optimistic to the highest value cause investors who buy at high marks still hodl their BTC.The problem of decline is none other than the corrections that should occur,I agree with people optimistic cause the ship has not also slid yet full of the contents of the ship. |
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St4yInTh3D4rk
Sr. Member
Offline
Activity: 686
Merit: 264
"STAY IN THE DARK"
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May 07, 2018, 09:10:18 AM |
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No one knows what will be the lowest price of bitcoin because it is decentralized so no one is controlling the prices are changing according to its demand,currently the price is about $9500 which is quite higher when comparing to few weeks before when it was $7000 but the price is low when comparing to yesterday's price which was about $10K.
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Idrisu
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May 07, 2018, 10:52:13 AM |
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Then bitcoin was having alot of attacks from the gobernments and mtgox group were dumpping the coins like stone into the ocean. But things are now getting better as we can see serious recovery from the last dip and the price is setting up now for another bullish trend. We can also see that bitcoin is above $9,000 and before the weekend we are going to see more bullish trend.
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richmcrich
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May 08, 2018, 11:24:01 AM |
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Bitcoin falls because the volume of sales is more than the volume of purchases. When the volume of purchases is higher, bitcoin rises.
The market current situation is almost the same as the purchasing of Bitcoin is going high the value also increases and increasing. The market is going in a benefited direction and this direction is a life changing opportunity and comes after a huge jump so take the benefit of this opportunity by investing in it and wait while the price goes high and you sellout the coins in order to get profit. |
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EdenHazard
Legendary
Offline
Activity: 2674
Merit: 1048
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May 08, 2018, 02:22:27 PM |
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Everyone always thinks bitcoin prices will always be high every year, this is what makes everybody trust and save his money to buy bitcoin when the price is at the bottom. But bitcoin prices always go up and down at any time, so the lowest bitcoin prices will always be different every week or even every day. And at the beginning of this May month, the lowest bitcoin price was at the price of $ 9000 I have not seen the bitcoin price dropped from the $ 9000 price.
I guess someone will know the lowest bitcoin price if on that day a lot of information that makes the investors sell the bitcoin they have. By looking at the chart they will know the lowest price of bitcoin, usually a trader will know the lowest price of bitcoin. Only people are not getting used to seeing bitcoin price movements and they will argue that no one is able to know the lowest bitcoin prices.
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DonFacundo
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May 08, 2018, 03:06:07 PM |
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I think because of FUD going on for bitcoin that's why the price huge down but I think it's just temporary down, bitcoin will recover soon.
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bitcad4u
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May 08, 2018, 03:57:04 PM
Last edit: May 08, 2018, 04:16:20 PM by bitcad4u |
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Now the price of bitcoin is stable in 9000$,a s compared to 7000$.I think 9000$ is very huge and the people who had invested at the price of 7000$,will get profit now.Don't worry for the minor fluctuation in the price of bitcoin.Due to the FUD the price of bitcoin is fluctuate somehow.
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wildflower18
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May 08, 2018, 04:44:56 PM |
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I think because of FUD going on for bitcoin that's why the price huge down but I think it's just temporary down, bitcoin will recover soon.
Price is temporary indeed that can go down low and high. Bad news contributes to others that they can sell to cut loses. Even it happens people must not worry in order to earned profit still. |
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Dudeperfect
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May 08, 2018, 05:38:58 PM |
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As we all know that price was blown in an artificial way in the last quarter of the last year and then it resulted in a correction in the first quarter of this year. We were in the correction phase for first 3 to 4 months and then when the price started gaining upward momentum, investors started selling as they were waiting for the opportunity to exit at a good level which resulted in a minor price fall. However, I think we are done with it and now price will start recovering for the rest of the year.
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HiringYou
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May 08, 2018, 05:39:06 PM |
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It is totally unpredictable.Nobody knows what will the highest price or what will be the lowest price.It totally depends upon the number of investors.We are the one who are responsible for the ups and downs for the market value.Now days many people are selling their coins at low rate and not purchasing new coins because they believe that bitcoin has came to an end which is not true.They are just contributing to the dump.So it is totally unpredictable at what time the thinkinh of a investor changes.But if we compare the present market value with the last weeks value we can see that the prices are increasing.So hopefully it will not came to a low price.
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onnz423
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May 08, 2018, 10:05:43 PM |
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Bitcoin and many other cryptocurrencies are known for not being a stable investment and have a decent chance of dropping or spiking at any given time. If you are looking for an investment long term I would highly suggest bitcoin and as of right now the price is not too bad as I believe it has reached its low and it Is ready to get spiked back up. Hopefully into $20k+ but we will have to see as this is just a patience game and you must wait. If you are planning to invest make sure you have everything planned out, and be sure to weather the storm and not to sell at a loss. Odds are that after you invest you'll lose money, perhaps multiple times, but there will also be favourable exit points along the way.
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The_Dark_Knight
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May 10, 2018, 02:24:15 AM |
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As we all know that price was blown in an artificial way in the last quarter of the last year and then it resulted in a correction in the first quarter of this year. We were in the correction phase for first 3 to 4 months and then when the price started gaining upward momentum, investors started selling as they were waiting for the opportunity to exit at a good level which resulted in a minor price fall. However, I think we are done with it and now price will start recovering for the rest of the year.
Correct, if you look at the price before the month of December of 2017 you see that the price was close to 11000 and now the current price is close to 9000, which means that almost all the growth that we saw in December was artificial, but the growth that we saw in the previous months was real and that is why the price came back to those levels. |
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