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Author Topic: Bitcoin Value Shows Signs of Recover - Reasons?  (Read 53 times)
eDave
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April 20, 2018, 09:48:19 PM
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Bitcoin is maintaining above $5K. This massive correction due to big sell off looks like coming to an end. We don't know for sure, but there are signs can signifies more money coming into crypto to stimulate the market such as Bittrex accepting new clients and applying the Lightning Network to the blockchain.

This article elaborates more about it: http://freedomwithcrypto.blogspot.com/2018/04/bitcoin-up-14-and-altcoins-rip-higher.html

Contrary the fear that has been spread in order to make people sell off their Bitcoin portfolio, many new project are in the works and money still continues going into Bitcoin investment. Massive price correction, like the one we're witnessing right now, will happen again, this is crypto, but the as history repeatedly shows, it's just a part of the market mechanism.
 

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April 21, 2018, 01:24:27 AM
 #2

It could be that the rise in the bitcoin exchange rate is due in part to the growing level of confidence in the digital currency. Whereas about two weeks ago, the exchange rate of bitcoin plummeted quite drastically. Although it can soon recover because its users still feel confident about the future of the currency. At that time it was made bitcoin cash, which is a replica of the currency. But the new digital currency is not successful in the market. He is not interested in many people.

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April 21, 2018, 01:30:22 AM
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Bitcoin rise again, and the correction is done now investors are coming back because its time to pump the market again. There is no specific reason for this trend but I think we don’t need that since bitcoin can bounce even without big news about it.

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The_Dark_Knight
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April 21, 2018, 02:00:57 AM
 #4

Bitcoin rise again, and the correction is done now investors are coming back because its time to pump the market again. There is no specific reason for this trend but I think we don’t need that since bitcoin can bounce even without big news about it.
While it is true that the price is growing and it seems that the trend is reversing at the same time I do not see a reason big enough for the investors to come back so soon, to me this is just bitcoin moving the way it does and it's recovering some of that ground that has lost in the last weeks and months but that is pretty much it, so it's likely that the price will go down a little bit in the near future.
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April 21, 2018, 03:39:29 AM
 #5

reason?
what reason better than the fact that price was so much lower than the real value of bitcoin. it was proven that the real buy support was at $10k but the FUD campaign and the huge dump that kept on happening pushed the price down Artificially. that means when you saw nearly $5000 you had access to bitcoin at half price (50% off).

in other words as much as $20k was unnatural and needed to correct, the prices below $10k are also unnatural and need to correct.

Hannahanto
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April 21, 2018, 03:40:14 AM
 #6

Bitcoin price is rising again shows a good sign that market is in recover mode. The price of bitcoin is increasing rapidly for past two days. Today market starts with green and the price is high compare to older days. We don't whether the price hike will continue or not. But hope if it is continuing many investors are ready to invest more in bitcoin for their future use. Now the market is recover due to many corrections done that's why the market is recover now. If you have a bitcoin hold it for long time it would help you to become more rich in future.

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BitcoinNewbie15
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April 21, 2018, 04:10:43 AM
 #7

Bitcoin does not care what the market thinks or what the news says... Who knows what the reasons could be. Maybe it's because of the end of the tax season? Probably not, considering a large percentage of trade volume is based outside of America. Its likely due to the market recovering due to an overcorrection, as others have stated.
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April 21, 2018, 06:10:34 AM
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reason?
what reason better than the fact that price was so much lower than the real value of bitcoin. it was proven that the real buy support was at $10k but the FUD campaign and the huge dump that kept on happening pushed the price down Artificially. that means when you saw nearly $5000 you had access to bitcoin at half price (50% off).

in other words as much as $20k was unnatural and needed to correct, the prices below $10k are also unnatural and need to correct.

I totally agree. Op should learn from this comment how to distinguish between value and price. The title of this thread should be “Bitcoin Price Shows Signs of Recover -  Reasons?” Price is what you see on coinmarketcap or other exchanges. Value is more of a theoretical concept, it refers to what would be the true price according to the intrinsic properties of the asset if trading wasn’t dominated by emotions and interests.
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April 21, 2018, 12:12:41 PM
 #9

Bitcoin rise again, and the correction is done now investors are coming back because its time to pump the market again. There is no specific reason for this trend but I think we don’t need that since bitcoin can bounce even without big news about it.
Today all are expecting it is going to pump continuously in Crypto market but automatically it is down in slowly and still market is green so it will pump again in tomorrow. No one is predict the exact reason of price fluctuation in Crypto market but this is right time to invest in cryptocurrency. I hope this move to 12k USD in end of this month.

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