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Author Topic: It's happening again. Bitcoin price went under $7,000  (Read 256 times)
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April 06, 2018, 04:01:55 PM
 #41

This week was a roller coaster. The prices went up and down. Bitcoin price is below $7,000 again

Why did the price fluctuate so much lately?
Yes price is always changing very quickly and uncontrollably. Bitcoin does have such properties and it is characteristic of market cryptocurrency. Yet a few days ago, I saw that the price of Bitcoin will experience a positive pressure, it only lasted a moment and now the price declined again. But that means it could happen when the Bitcoin price increases, everything can happen and the Bitcoin price movement will always be difficult to predict. Never will anyone be able to estimate Bitcoin prices, Bitcoin Prices will always change and it all depends on us all the users of Bitcoin. Yes we are going to determine the price of Bitcoin, the more we believe and the more we often use Bitcoin in the financial transactions we have then the possibility of Bitcoin prices will increase.



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April 07, 2018, 09:58:39 AM
 #42

This week was a roller coaster. The prices went up and down. Bitcoin price is below $7,000 again

Why did the price fluctuate so much lately?
C'mon guys! prices that fluctuate in early 2018 until now will be over soon. Do not screw up on this stupid issue, the price below $ 7000 is currently not too important for the bitcoin to keep going. this is not a hindrance, we just need to wait for the market to pump the price again, so that the price can return to normal as before. after we can break the $ 10,000 figure later, we will soon leave the bear and downtren market.

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April 09, 2018, 12:58:02 PM
 #43

This week was a roller coaster. The prices went up and down. Bitcoin price is below $7,000 again

Why did the price fluctuate so much lately?
C'mon guys! prices that fluctuate in early 2018 until now will be over soon. Do not screw up on this stupid issue, the price below $ 7000 is currently not too important for the bitcoin to keep going. this is not a hindrance, we just need to wait for the market to pump the price again, so that the price can return to normal as before. after we can break the $ 10,000 figure later, we will soon leave the bear and downtren market.

How will the market price rise, If today Bitcoin's market offer is very large? There are no volumes of coin purchases that would give the opportunity to raise the price because of interest in Bitcoin.
There is nothing that can stop bitcoin from increasing in value now because even in the dip, people took keen interest in purchasing bitcoin and they did not stop investing into bitcoin.

Bitcoin has gained more support during this dip from the new investors of the market because they were glad to hold bitcoin at cheap rates. Soon the wait is going to be over for the bitcoiners and they will be seen on the top of the world.

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April 09, 2018, 03:04:06 PM
 #44

This is called a "bull trap". You think the price is finally going up, but then it bounces back.

It happened several times this year and it is a indication that we are in a bear market.

The problem is to identify the trap and distinguish it from a real FOMO rocket. One way to identify it is the double bottom, when a resistance is tested in the way down and spikes up two times. However, the double bottom was denied, as the price didnt reach the 8k mark.
The number of bull traps we just keep having every now and then is just pretty much telling us that the level of manipulation is growing hugely with the bears just wanting to take the price down as much as they want and us just hanging somewhere around. Identifying the trap is quite easy with RSI indicator and that has shown the level of oscillation for me so far to be able to see some divergence as well as the strength at any point in time.

Today again bitcoin prices are falling down from $7000+ price levels. I was thinking about the trend change but it is proven like bitcoin market is still within range-bound.
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April 09, 2018, 03:17:45 PM
 #45

This week was a roller coaster. The prices went up and down. Bitcoin price is below $7,000 again

Why did the price fluctuate so much lately?

I think it can be clearly witnessed that the increase or gain in the price is for a very short time and it is going to get back to around $6000 . Not only did i speculate it , it also happened since the market is again down by almost 5% and is hitting almost $6500 .
I don't think that there is a need to be very happy or excited about the market going up for like 4-5 hours . Market is highly unstable right now and the surrounding events are just leading to decline the value . So it is advised that one must stay calm until there is a major hit of $8000 and  it stays at that value for a few days . Until then , getting excited about such shoot ups is just useless .

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April 09, 2018, 06:35:08 PM
 #46

This week was a roller coaster. The prices went up and down. Bitcoin price is below $7,000 again

Why did the price fluctuate so much lately?

I think it can be clearly witnessed that the increase or gain in the price is for a very short time and it is going to get back to around $6000 . Not only did i speculate it , it also happened since the market is again down by almost 5% and is hitting almost $6500 .
I don't think that there is a need to be very happy or excited about the market going up for like 4-5 hours . Market is highly unstable right now and the surrounding events are just leading to decline the value . So it is advised that one must stay calm until there is a major hit of $8000 and  it stays at that value for a few days . Until then , getting excited about such shoot ups is just useless .
Well, guys instead of complaining with the price let us do our part as a promoter of bitcoin, if we really believe in it then we should not be worry about its price today, later and tomorrow, don't stress out yourselves nothing will gonna happen, that panic thing will not recover the price.

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April 10, 2018, 09:30:19 PM
 #47

And what's your problem? If you have invested in bitcoin and for long term like 1 or 2 years you should hodl it and keep calm. Let price up, it will happen but will take a long time.

Someone told to me he know cryptocurrency since 2009 and this trend will continue until june. We can see in the month of june hopefuly the price will have trend up again. Yeah we will se that.

I thinks this time it's not about panic selling or whatever they sell, but I think some trader who have target and he have signal for know the price be affected the price went up and down.
The problem is that people do not really have the patience to hold for the long term, most people want to obtain profits right now instead of waiting for it, this creates a very chaotic market were people buy and sell in a very rapid fashion, people complain about the volatility of the market not realizing that they are the ones that create the volatility in the first place if they just held there will be no volatility.
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April 11, 2018, 10:48:48 AM
 #48

And what's your problem? If you have invested in bitcoin and for long term like 1 or 2 years you should hodl it and keep calm. Let price up, it will happen but will take a long time.

Someone told to me he know cryptocurrency since 2009 and this trend will continue until june. We can see in the month of june hopefuly the price will have trend up again. Yeah we will se that.

I thinks this time it's not about panic selling or whatever they sell, but I think some trader who have target and he have signal for know the price be affected the price went up and down.
The problem is that people do not really have the patience to hold for the long term, most people want to obtain profits right now instead of waiting for it, this creates a very chaotic market were people buy and sell in a very rapid fashion, people complain about the volatility of the market not realizing that they are the ones that create the volatility in the first place if they just held there will be no volatility.
You mean people who are in short term trading it seems that they are still getting profit with it and for us long term investor do not mind about that because we know that someday price will go up. But for now market looks steady and ready to rise or down again. Who knows long term trading will gain a lot of profit after all.

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April 11, 2018, 11:18:59 AM
 #49

And what's your problem? If you have invested in bitcoin and for long term like 1 or 2 years you should hodl it and keep calm. Let price up, it will happen but will take a long time.

Someone told to me he know cryptocurrency since 2009 and this trend will continue until june. We can see in the month of june hopefuly the price will have trend up again. Yeah we will se that.

I thinks this time it's not about panic selling or whatever they sell, but I think some trader who have target and he have signal for know the price be affected the price went up and down.
The problem is that people do not really have the patience to hold for the long term, most people want to obtain profits right now instead of waiting for it, this creates a very chaotic market were people buy and sell in a very rapid fashion, people complain about the volatility of the market not realizing that they are the ones that create the volatility in the first place if they just held there will be no volatility.
You mean people who are in short term trading it seems that they are still getting profit with it and for us long term investor do not mind about that because we know that someday price will go up. But for now market looks steady and ready to rise or down again. Who knows long term trading will gain a lot of profit after all.
With this recent current movement on bitcoins price its indeed making up money for those who make short trades where they do always depend on where do prices go and set out a specific price to get it and sell it once again when it hit up over 7k price again. Rinse and repeat and sure profits for you.Sounds easy to make short trades but would really be hard to do when you are on actual situation.For long term aspect then this thing shouldnt bother you out.

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Coffee135
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April 11, 2018, 11:23:26 AM
 #50

I'm not worried about volatility in the prices of bitcoin. I saw a major trend. The price does not fall below 6500 dollars. It's bottom. I do not know how long it will take to restore bitcoin, but the fact that we are on the way to recovery is for sure. I hope that very soon we will see it and cry on the forum will stop.

gabmen
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April 11, 2018, 12:36:02 PM
 #51

I'm not worried about volatility in the prices of bitcoin. I saw a major trend. The price does not fall below 6500 dollars. It's bottom. I do not know how long it will take to restore bitcoin, but the fact that we are on the way to recovery is for sure. I hope that very soon we will see it and cry on the forum will stop.

Lol. There's been a lot of "bottoms" this year and each time, bitcoin goes below the bottom. I also though last january that it's impossible for btc to go below 10k and i've been proven wrong many times so i've learned to just go with the flow here. Btc will recover no matter how low it goes and that's all i need to know.

Dreamchaser21
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April 11, 2018, 12:38:31 PM
 #52

I'm not worried about volatility in the prices of bitcoin. I saw a major trend. The price does not fall below 6500 dollars. It's bottom. I do not know how long it will take to restore bitcoin, but the fact that we are on the way to recovery is for sure. I hope that very soon we will see it and cry on the forum will stop.

Lol. There's been a lot of "bottoms" this year and each time, bitcoin goes below the bottom. I also though last january that it's impossible for btc to go below 10k and i've been proven wrong many times so i've learned to just go with the flow here. Btc will recover no matter how low it goes and that's all i need to know.

There is no safe price on this market right now because everything is possible. I see many dumps and not much pumps this year so I get to used with it, now I just don't care about the current price because I believe in the long run and the future of bitcoin. The price may go deeper but it can survive and climb high again.
hieu81
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May 25, 2018, 06:18:15 PM
 #53

This week was a roller coaster. The prices went up and down. Bitcoin price is below $7,000 again

Why did the price fluctuate so much lately?

How will the market price rise, If today Bitcoin's market offer is very large? There are no volumes of coin purchases that would give the opportunity to raise the price because of interest in Bitcoin.
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