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Author Topic: 60 minutes and Bitcoin value jumped to $7,800  (Read 307 times)
Oasisman
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April 13, 2018, 12:21:59 PM
 #21

Are you like basing your analysis from the past trend pattern? Bitcoin is unpredictable, nobody knows exactly when will it rise or sink. Intuation isnt always a reliable source in crypto space. TA's do guide as along the way.

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April 13, 2018, 01:58:58 PM
 #22

Bitcoin prices will continue increase in April, if you see  that happened in the past few months when bitcoin prices continue to fall from the price of $ 19,000 is due to the many negative news and regulations issued by some countries, usually if there is a negative news coming then it will appear continuously and make the price weaker. But after the negative trend ends and now comes a positive trend where some good news comes to the world of cryptocurrency and the trend will last too long. The possibility will last until next June, because in June google will make a ban on advertising about cryptocurrency, and this will make the price of cryptocurrency decrease again.

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April 13, 2018, 02:10:09 PM
 #23

Kinda unpredictable but let me express my speculation here, we're all bored of all these dumpings that causes market to be all red and I think now is the time for bitcoin to recovery its price and atleast hit the latest ATH again, so many trading experts even expect that bitcoin will goes atleast hitting $25,000 price mark and it's a good sign that more people believing in bitcoin, this time I hope, is not a bull trap.

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April 13, 2018, 03:23:14 PM
 #24

What's the deal with that? so worried about fluctuations it is normal to have some pumps while in the bear market people are buying the dips a rare opportunity for cheap bitcoins so it will gonna rise or sink? the funny possible answer is both, it can pump and dump at the same time and on the same day. More and more people got involved in the investments of cryptocurrency so as to predict the very exact price movement is nearly impossible cause people have different agendas on bitcoin that's why the fluctuations are nearly unpredictable.

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April 13, 2018, 03:56:00 PM
 #25

What's the deal with that? so worried about fluctuations it is normal to have some pumps while in the bear market people are buying the dips a rare opportunity for cheap bitcoins so it will gonna rise or sink? the funny possible answer is both, it can pump and dump at the same time and on the same day. More and more people got involved in the investments of cryptocurrency so as to predict the very exact price movement is nearly impossible cause people have different agendas on bitcoin that's why the fluctuations are nearly unpredictable.
Because it is a natural trading that it isn't back up by any artificial pricing the possibility that the price movement is unpredictable but as the price pump suddenly it might be  an indication that it will create a natural bull run and lucky  are those who holds and buy while the price is at the bottom.

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April 13, 2018, 04:41:17 PM
 #26

In the morning I was refreshing the list and it was unbelievable, but after that, the prices must be good so that the market gets better. if growth of prices will go like that, BTC will be 20k untill the end of 2018 year.
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April 13, 2018, 08:34:10 PM
 #27


After staying at $6,800 for quite a time, Bitcoin price takes off more than 1,000 USD breaking the resistance line. Still, I don't think this would last and BTC price will eventually sink to even lower than its previous price of $6,800. What about you? Tell me what is on your mind now? Will it sink or will it rise?  Huh
Yeah, i could agree with in this since this felt like some kind of a trap that someone was boosting the price in order to bait those who want to buy it then suddenly dump it real quick. But maybe we're just wrong and judging too much if it's not gonna fall again. Well, i still have to leave it for a couple of days before i have to believe this kind of sudden pump without any reasons.
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April 13, 2018, 08:40:34 PM
 #28


After staying at $6,800 for quite a time, Bitcoin price takes off more than 1,000 USD breaking the resistance line. Still, I don't think this would last and BTC price will eventually sink to even lower than its previous price of $6,800. What about you? Tell me what is on your mind now? Will it sink or will it rise?  Huh

It looks like it was like a bull whale buying up bitcoins. But as there are bull whales buying bitcoins, there are also bear whales selling them. The effect of a Mt. Gox bear whale selling his coins we all experienced not so long ago. So the price could go down as fast as it rose, and it could even lower at that. The bottom line is that there is a lot of randomness in today's market, and given the low trading volumes most of the time recently, it is not that hard to move the price for a whale or semi-whale in the desired direction.
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April 13, 2018, 10:02:12 PM
 #29


After staying at $6,800 for quite a time, Bitcoin price takes off more than 1,000 USD breaking the resistance line. Still, I don't think this would last and BTC price will eventually sink to even lower than its previous price of $6,800. What about you? Tell me what is on your mind now? Will it sink or will it rise?  Huh
This is not new mate and if the bitcoin price increased by $1000 in just an hour doesnt mean the bullish won't last for long. Besides, one of the that hold back the price of bitcoin was the bitcoin  Mt. Gox  wanted to convert and if they are done with that I think the market bullish just begin.

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April 13, 2018, 10:15:55 PM
 #30

I didn't expect right now that we will see a fast increase this day and I heard that there is some investor are entering a market with a large amount.

And another news that I heard it's because of the new foreign exchange and use blockchain technology as their payment system.

So this might be the reason that's why the price jump high and reached $8000 above.

However, the price right now drops a bit and I thought the reason of the little drop it's because miners are selling their mined coins just to get the benefits today and don't lose the opportunity to make a profit as well.

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April 13, 2018, 11:40:30 PM
 #31


After staying at $6,800 for quite a time, Bitcoin price takes off more than 1,000 USD breaking the resistance line. Still, I don't think this would last and BTC price will eventually sink to even lower than its previous price of $6,800. What about you? Tell me what is on your mind now? Will it sink or will it rise?  Huh

I agree with you. I don't think that this is where bitcoin goes fully bullish and all of a sudden, we go on full on mania like last year.

This pump should last a while and take bitcoin at least to $9000+, but when the resistance at $10000 proves to be too strong for this pump to breach, I believe that we may go back to $6.8k, and break through that support.

I don't think that this is the recovery in the market that we're looking for at this stage.

The price jumped extremely quickly, fueled by a short squeeze and FOMO buying. In my opinion despite this pump being sustained, $6-7k's support will still be broken in the year since the bearish sentiments are not fully out of the market yet.

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April 13, 2018, 11:55:38 PM
 #32

With this sequence of unexpected pumps, I don't see in any way that bitcoin would not reach another ATH this year. (even it dump back after this low surge pump)
Remember, this is only the first quarter and it already sampled a possible beginning of the long bull run of bitcoin price. What more if those giant personalities/group that is holding back as of now, happened to buy bulk btc at the same time.

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April 14, 2018, 01:10:48 AM
 #33

I just managed to buy bitokoyn for 6800 and the market immediately turned around. I was happy the market seemed to be waiting for me) !! Although I think that by 7800, too, you can safely buy
Wow congratulations!.. Indeed as if your luck is just therr waiting for you. While many investors were staggering to stay alive in the past few months from the drop you manage to buy at the right time when the price just shoots up!.. What a lucky person you are indeed!
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April 14, 2018, 05:53:02 AM
 #34


After staying at $6,800 for quite a time, Bitcoin price takes off more than 1,000 USD breaking the resistance line. Still, I don't think this would last and BTC price will eventually sink to even lower than its previous price of $6,800. What about you? Tell me what is on your mind now? Will it sink or will it rise?  Huh
Yeah it proves that there are many investors still believes in the bitcoin technology as pushing the price to that level will need much funds. We should stay positive and optimistic that this will be the beginning and hopes that all the positive prediction will come true that btc will return or surpass the all time high by year end.

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April 14, 2018, 02:41:52 PM
 #35


After staying at $6,800 for quite a time, Bitcoin price takes off more than 1,000 USD breaking the resistance line. Still, I don't think this would last and BTC price will eventually sink to even lower than its previous price of $6,800. What about you? Tell me what is on your mind now? Will it sink or will it rise?  Huh
Yeah it proves that there are many investors still believes in the bitcoin technology as pushing the price to that level will need much funds. We should stay positive and optimistic that this will be the beginning and hopes that all the positive prediction will come true that btc will return or surpass the all time high by year end.
I potcoin with him shows such acrobatic opportunities to increase my price, it is quite possible that by the end of 2018 we will see new maximum prices for Bitcoin.

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April 14, 2018, 06:01:22 PM
 #36


After staying at $6,800 for quite a time, Bitcoin price takes off more than 1,000 USD breaking the resistance line. Still, I don't think this would last and BTC price will eventually sink to even lower than its previous price of $6,800. What about you? Tell me what is on your mind now? Will it sink or will it rise?  Huh
Why does people complain if the price drops and still rants negatively even if it rise?why not appreciate the positive movement? We have been into deep shit in the past early months and i am appreciative of this price increase no matter what. If people loss it is because they took to much risk and expected too much and when their expectations are not met they tend to get angry and say negative comments about bitcoin. In the first place you know when you join bitcoin the price is unpredictable it could rise and fall easily we make a profit by staying and trading wisely.
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April 14, 2018, 07:41:10 PM
 #37

With this sequence of unexpected pumps, I don't see in any way that bitcoin would not reach another ATH this year. (even it dump back after this low surge pump)

That's unlikely unless someone really big chooses to test waters with crypto. But that's even less likely as the wealthiest investors like Buffett and Soros have already expressed their concerns about the long-term viability and success of cryptocurrencies. On the other hand, there are rumors about the Persian Gulf potentates and moneybags being interested in Bitcoin now that it has been declared compliant with Sharia. Don't know how it is going to play out, though.
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April 14, 2018, 07:51:04 PM
 #38

With this sequence of unexpected pumps, I don't see in any way that bitcoin would not reach another ATH this year. (even it dump back after this low surge pump)

That's unlikely unless someone really big chooses to test waters with crypto. But that's even less likely as the wealthiest investors like Buffett and Soros have already expressed their concerns about the long-term viability and success of cryptocurrencies. On the other hand, there are rumors about the Persian Gulf potentates and moneybags being interested in Bitcoin now that it has been declared compliant with Sharia. Don't know how it is going to play out, though.
you are surprised that crypto-currencies will be dealt with even by Muslims? They are not inconsistent with the laws of cryptography and therefore for each person will be available crypto currency, despite belonging to the Sharia.

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April 14, 2018, 08:28:58 PM
 #39

On the other hand, there are rumors about the Persian Gulf potentates and moneybags being interested in Bitcoin now that it has been declared compliant with Sharia. Don't know how it is going to play out, though.

I strongly believe that while they might not have invested directly in Bitcoin themselves, they might have been doing so through proxies for quite some time now. It's of course not entirely the same, but the main point of importance is that the current difference might cause these entities to go full nuts on Bitcoin instead of conservatively letting a tiny bit of their liquidity flow into this market. I however hope that at some point we don't have to look forward to large investors entering the market anymore, because the only reason people like to see this happen is because of the price that will go up. It has nothing directly to do with Bitcoin as always....
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April 14, 2018, 08:59:09 PM
 #40

OP, are you into  the cryptocurrency investment because of the quick gains you want to make out of it? Even if there is an unstable price in the price of bitcoin, that doesn't mean the price will sink forever without rising again. The inconsistence going on with the price is just probably a correction,  a FUD or just a normal phase that will soon be a history.  It's good to have a positive outlook to earn better.
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