BTC/USD dangerously close to $8,000, but HODLers never give up

[UnDerDoG81]

Bitcoin would be the coin all the time that will has the most market cap and this is why the price is still quite good although it came from a correction.

After Facebook and Google, now Bing bans Crypto Ads. Perfect FUD for bears to drop the price further.

No one uses bing.
There's something wrong after the consensus conference, everyone was hoping there will be a bull run but it seems it doesn't have.

Well Bill wants cheap coins so he delivered perfect FUD for bears. We re sub 8k now. Not that I care. Until 2020.

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[Herbert2020]

Bitcoin would be the coin all the time that will has the most market cap and this is why the price is still quite good although it came from a correction.

After Facebook and Google, now Bing bans Crypto Ads. Perfect FUD for bears to drop the price further.

No one uses bing.
There's something wrong after the consensus conference, everyone was hoping there will be a bull run but it seems it doesn't have.

Well Bill wants cheap coins so he delivered perfect FUD for bears. We re sub 8k now. Not that I care. Until 2020.

nobody cares about Bing, nobody uses bing. even the news about Google didn't affect bitcoin price that much. not to mention that this is the repetition of the same FUD which means it won't be effective anymore because this trick was already used.
also it is too soon to  call this "sub 8k", price literary touched a tiny bit below $8k and jumped back above it.

[eann014]

I've said some news before maybe its March to April that bitcoin will drop on June, I don't know if it is true, but as what we can see right now bitcoin is getting lower and we are still at the middle of May. Hopefully bitcoin still recovers its price. 

[Question123]

The pricd of the bitcoin now are decreasing and actually $8000 and If the price decrease Im still relax because for sure most of the bitcoin user again Invest again their money to bitcoin because they want to earn a lot of money . Don't guve us because if we not stop bitcoin until they die everyone can suffer for sure , but if the price increase high everyone will benefits ..

[vinasky]

Yeah, sooooooooooooo...
I am about to strap my 5 cents here)

Soon enough we will be looking at 5k!)

Explanation:
Weekly Ma10 support will break down after this Sunday, MA5 will push price down, next support will be MA20 at 5k lvl.
Plus USD is getting stronger wich will push the price of bitcoin down)

Good news is that the long term looks amazing!

Here is some analysis from ya boi, will soon make post on it)

BTC
https://imgur.com/gallery/tnKyD9z

DXM8(USD index) (indicators used RSI,STOCH,SAR) (Indicators are not shown in order to improve image quality)!
https://imgur.com/aEUsU6j

[bhadz]

~snip~

Well Bill wants cheap coins so he delivered perfect FUD for bears. We re sub 8k now. Not that I care. Until 2020.

That's for sure, he shorted and wants to get a proper entry again. Those who seemed to care at all are the ones who are trapped in the middle.

I've said some news before maybe its March to April that bitcoin will drop on June, I don't know if it is true, but as what we can see right now bitcoin is getting lower and we are still at the middle of May. Hopefully bitcoin still recovers its price. 

Really you did? Don't you worry about the price, I'm sure that you have some on your stash and you managed to hold until then.
Better if you don't check the prices daily.

[alyssa85]

Remember that there are a lot of buy orders sitting around $6600, from institutional investors waiting to get into crypto (they want to get in fairly cheaply).

So the price will bounce back up, if the $8000 level is breached. And life will go on!

[exstasie]

I have enough coins that I'm comfortable. So I'd wait the correction out before putting any fiat in; no reason to add the risk.

But if you don't own any BTC, it's always a good idea to buy some.

Accumulation when theres a dump would always be a good idea if you do have the capability.Why not buy?

As a rule, I don't buy into dumps, unless we are extremely over-extended and I sense capitulation. Early February was one such time. But I usually wait for a strong bullish reaction or range break before piling in.

The people who bought the dip all through December and January suffered a lot of pain. I try to avoid that.

Remember that there are a lot of buy orders sitting around $6600, from institutional investors waiting to get into crypto (they want to get in fairly cheaply).

So the price will bounce back up, if the $8000 level is breached. And life will go on!

We already bounced from that level in early April. If we go back to the $6,500 area, we're probably going significantly lower. A triple bottom off the lower $6,000s is unlikely in my experience.

[oseikuf44]

Bitcoins has come down to even 7000 USD recently, so what is the big deal if it is now close to 8000. The faith in bitcoins is very strong among traders that is why no one is selling in a panic manner but as the number one coin so far , it will give a good a return to patient holders.

[btc78]

The fact that there are so many bullish signs and we're still falling in price worries me. If whales are manipulating the market and really have this much control, I'm wondering how Bitcoin will become stable enough for mass adoption in the near future.

Still hodling though. I'll sink with this ship if I have to.

Thats the spirit of being holder,since the trust is for the coin we supporting.

And about the OPs sentiments actually i dont see any reason to act like this because this is too soon for some kind of panicking,bitcoin is in good shape still and didn't sink low as what to called dip.

I have a feeling that the next market recovery would be mooning of bitcoin,after many declines but together with resistance,yes were heading moon

[boakyei]

There are investors who will not give up even if bitcoins is to be $1,000. The real deal is to keep your head high up if bitcoins dip in price. We know from past history that , when ever there is price drop, it will finally rise back.

[ajochems]

Bitcoin has lost nearly 6% over the recent 24 hours, crashing from  $8824 on Tuesday to a low of $8,103 early on Wednesday. Currently, the coin No. 1 is trading at $8,124, but the bullish momentum is gaining traction. Bitcoin is still by far the biggest coin out there with the market cap $139.6B, but its market dominance has shrunk significantly from over 85% in February to just 37%.

Full article is here : https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-analysis-btc-usd-dangerously-close-to-8-000-but-hodlers-never-give-up-201805160319

You valuable thoughts are much appreciated.

Being a wise trader,you have to hold at fluctuation time.This make you some profit as compared to selling with low price.Now the price of bitcoin reach back to 8300$,may be in couple of hours we expect the 9000$.Still now bitcoin had is own dominance in market.

[buwaytress]

personally, i love markets. i love the emotion, and analyzing market psychology and reading sentiment. i allocate more than 90% of my holdings to cold storage---but even if i didn't own BTC, i would still chart it just for kicks.

so i'm a hodler but i'm also a technical analyst and trader. when the market dumps, i'm perfectly fine holding 90% in cold storage and using the rest to churn out more BTC. i'm in it for the long term.

Yeah. As much as I want to feel disdain, I do enjoy reading the gems, especially in Speculation. Every now and then, someone comes in with a bit of fun, which I like, and there are still quite a few good insights to read, which I find enjoyment in. Not all of it is masochist too!

I do consider myself a holder, keeping as much as I can, spending as much as I need, but sure, I do commit quite a bit of my holdings to "ventures". Lost my taste for new tokens, but still engage in opportunities with what I'm willing to lose. It's all with the same long view of getting as much coin as I can while this lasts.

I'm sure lots more people are doing the same, maybe even many more taking more risks than we do, and certainly all in it for the long haul.