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Author Topic: bitcoin to soar again?  (Read 152 times)
88jewel
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April 24, 2018, 04:20:43 AM
 #1

The market is showing positive sign for bitcoin again. In an article published by Charlotte Davis at https://www.express.co.uk/finance/city/949891/bitcoin-price-usd-news-today-buy-dollar-cryptocurrency-latest-value-cash: BITCOIN price has seen a 27 percent increase since the start of April and one cryptocurrency expert said bitcoin is likely to continue to rally as historical data shows a continuous rise over the past eight years.
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April 24, 2018, 04:49:02 AM
 #2

Well obviously it will continue to rise. The past few months was just a normal crash, nothing out of the ordinary. And we got the bottom in earlier this month and now it is starting to build back up a bigger base than ever which will leading to the next bull run that will make last year look tiny in comparison. The recovery has begun.
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April 24, 2018, 05:47:20 AM
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Well obviously it will continue to rise. The past few months was just a normal crash, nothing out of the ordinary.

everything about the drop was out of the ordinary! it was nearly a 70% crash and it is never normal to see something like that even for bitcoin! a correction is natural but the size of it matters. the drop below $10k was last straw that broke the camel's back and basically removed the buy support but only temporarily. now that buy support is coming back and with it price is rising back up to normal levels.

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April 24, 2018, 05:59:48 AM
 #4

I am sure Bitcoin will bounce back if many transact using Bitcoin, if the issue of Bitcoin value drops it is reasonable because bitcoin is the digital currency. so depending on users who use Bitcoin, if many who wear yes up, if only a little yes it could be down, in addition we just stepped on the new year, it might be the cause of the Bitcoin price down.
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April 24, 2018, 06:09:34 AM
 #5

I dont think soar is the correct adjective as I would view more of the price climbing a ladder.  One rung at a time, the reason being previous selling and some buyers from that time who now wish to check the price or offload back at even rather then wait any longer.      Doesnt mean its strong selling, but some sellers to meet any bullish and buying into this rise.   This means a climb not soar imo Smiley

On my chart each line relates to partial recovery of the previous decline leading to April low


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April 24, 2018, 11:30:55 AM
 #6

indeed this week the price rebounded from a few weeks before that is very muddy and yet there is also a brightness about price increases. price bubbles occur due to speculation and dangerous.
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April 24, 2018, 12:03:40 PM
 #7

The market is showing positive sign for bitcoin again. In an article published by Charlotte Davis at https://www.express.co.uk/finance/city/949891/bitcoin-price-usd-news-today-buy-dollar-cryptocurrency-latest-value-cash: BITCOIN price has seen a 27 percent increase since the start of April and one cryptocurrency expert said bitcoin is likely to continue to rally as historical data shows a continuous rise over the past eight years.

You don't need to be a rocket scientist to see that bitcoin is climbing the ladder again after a 3 month bearish trend that lead most people to believed that it is dead, let this be a lesson for everyone specially for those newbies who joined during the peak. We may experienced some downfall but it doesn't mean that we are out. Right now I'm not really surprised to see the price breaking the $9000 barrier and heading to $9500-$10000. So we are all good now I guess and the bears is out the picture because the bulls is taking over the market once again which we all have been waiting for a long time.

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April 24, 2018, 12:08:47 PM
 #8

The market is showing positive sign for bitcoin again. In an article published by Charlotte Davis at https://www.express.co.uk/finance/city/949891/bitcoin-price-usd-news-today-buy-dollar-cryptocurrency-latest-value-cash: BITCOIN price has seen a 27 percent increase since the start of April and one cryptocurrency expert said bitcoin is likely to continue to rally as historical data shows a continuous rise over the past eight years.


I think price of bitcoin increased from 6th April much more then just 27%. Closer to 40%. Let me check. $6600  to $9300. Yes, $2700 is almost 41%  price increase.  Sort of huge if we would not talk about Bitcoin.

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April 24, 2018, 12:33:01 PM
 #9

The market is showing positive sign for bitcoin again. In an article published by Charlotte Davis at https://www.express.co.uk/finance/city/949891/bitcoin-price-usd-news-today-buy-dollar-cryptocurrency-latest-value-cash: BITCOIN price has seen a 27 percent increase since the start of April and one cryptocurrency expert said bitcoin is likely to continue to rally as historical data shows a continuous rise over the past eight years.
It is a given that bitcoin will continuously rise so long as adoption rate increases and user base continuously grows. I like how financial experts view it that way though, but I don't suggest watching their speculation(as it tends to side to where they will profit the most). From the statement in the link given by you OP, I speculate that those bastards already have got into bitcoin in the last few bearish trends that we have seen.

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April 24, 2018, 12:42:54 PM
 #10

The market is showing positive sign for bitcoin again. In an article published by Charlotte Davis at https://www.express.co.uk/finance/city/949891/bitcoin-price-usd-news-today-buy-dollar-cryptocurrency-latest-value-cash: BITCOIN price has seen a 27 percent increase since the start of April and one cryptocurrency expert said bitcoin is likely to continue to rally as historical data shows a continuous rise over the past eight years.

I don't like mainstream media articles about Bitcoin to be honest. Because most of the times these so called "experts" aren't much smarter as you or I are.
And when you can read charts, understand the basics of technical analysis, well anybody could make a reasonable prediction. That however doesn't mean it will play out that way as past performance is no indicator of future price development.
Long story short: Do your own technical, fundamental and sentiment analysis. In the long run this will always be the best for yourself.
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April 24, 2018, 01:54:34 PM
 #11

Yes, it continue to rise since I guess April 21, and until now it continue to happen, maybe they see bitcoin has a good improvement this Month so some investors coming back to bitcoin. Well, this is a good news for everybody.  Cheesy Hope to see a new ATH's this year.



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April 24, 2018, 02:12:37 PM
 #12

We should be wondering what is fueling this breakout up $2400 in less than a weeks time.
Cause if it is by fud alone expect it to crash hard when all this commotion dies.

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April 24, 2018, 02:56:00 PM
 #13

The market is showing positive sign for bitcoin again. In an article published by Charlotte Davis at https://www.express.co.uk/finance/city/949891/bitcoin-price-usd-news-today-buy-dollar-cryptocurrency-latest-value-cash: BITCOIN price has seen a 27 percent increase since the start of April and one cryptocurrency expert said bitcoin is likely to continue to rally as historical data shows a continuous rise over the past eight years.


I think price of bitcoin increased from 6th April much more then just 27%. Closer to 40%. Let me check. $6600  to $9300. Yes, $2700 is almost 41%  price increase.  Sort of huge if we would not talk about Bitcoin.

In comparison to commodity markets a rise of 40% might occur in turn around at market bottom.    The shares associated with a market can move this much because they are leveraged to profit margins of the base product.
In Bitcoin however, the supply increase normally apparently in commodity price rises does not occur.   As we know the Bitcoin production is a fixed and self regulating system, this results in the price changes being quite rapid and speculation by the market quite a large part of supply and demand.

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April 24, 2018, 03:09:58 PM
 #14

Bitcoin has been soaring since last year but it was corrected early this year so I'm confident with the exposure on each interview with CNBC's news that bitcoin will soar high. Those predictions are literally going to help bitcoin to soar more than it soared last year.



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April 24, 2018, 03:23:54 PM
 #15

The market is showing positive sign for bitcoin again. In an article published by Charlotte Davis at https://www.express.co.uk/finance/city/949891/bitcoin-price-usd-news-today-buy-dollar-cryptocurrency-latest-value-cash: BITCOIN price has seen a 27 percent increase since the start of April and one cryptocurrency expert said bitcoin is likely to continue to rally as historical data shows a continuous rise over the past eight years.
I believe that there is no doubt bitcoin will always swing the banner of its glory as the leading crypto currency among all and so the coming back the rising price of bitcoin will once again brings great joy to all who believe with it. So any good news for bitcoin from the crypto currency expert is always a confirmation for it, and not considerable as surprise because this is the usual work of bitcoin

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April 24, 2018, 03:34:27 PM
 #16

I remember I've read an article about a cartel manipulating the prices of btc, the same way different cartels try to manipulate the prices of other valuable commodities. Maybe they've just lifted their control over the prices, because the movement really looked like it was free after being held for months.


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April 24, 2018, 04:09:17 PM
 #17

The market is showing positive sign for bitcoin again. In an article published by Charlotte Davis at https://www.express.co.uk/finance/city/949891/bitcoin-price-usd-news-today-buy-dollar-cryptocurrency-latest-value-cash: BITCOIN price has seen a 27 percent increase since the start of April and one cryptocurrency expert said bitcoin is likely to continue to rally as historical data shows a continuous rise over the past eight years.
Good progress but the increase is not enough to cover all the loses last December and January, lots of people bought at the ATH of the price got FOMO eventually, remember 10K USD was lurking around the 1st and 2nd week of March then it drops around 7K USD this coming April, Lots of Fud threads and articles was created saying it will go down further 4K USD so eventually they are lurking with this trend to make the price even better.

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April 24, 2018, 05:03:58 PM
 #18

Well obviously it will continue to rise. The past few months was just a normal crash, nothing out of the ordinary.

everything about the drop was out of the ordinary! it was nearly a 70% crash and it is never normal to see something like that even for bitcoin! a correction is natural but the size of it matters. the drop below $10k was last straw that broke the camel's back and basically removed the buy support but only temporarily. now that buy support is coming back and with it price is rising back up to normal levels.

You must have just gotten into bitcoin last year and never looked at the history of bitcoin.

I say again, that crash was nothing out of the ordinary. In bitcoin that kind of crash always comes after a period of exponential growth. That was the fourth crash of 70% or more in Bitcoin's history, each crash following one of Bitcoin's crazy exponential growth spurts. Totally normal for bitcoin.

I read last summer that Bitcoin has been growing at a rate of 0.42%/day since it started trading back in what like 2010. Last year was a boom period so the rate of growth got way higher than that for 2017. Now after the crash it is back to about 0.47%/day growth for the period of Jan 1 2017 to today at a price of $9350. So we're back to roughly the "normal" price according to the long term growth rate. The crash normalized the price. If bitcoin does a 0.42%/day growth for the rest of the year it'll hit $27k at the end of the year (unless of course a new boom period starts before then end of the year in which case Bitcoin will certainly be higher).
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April 24, 2018, 05:13:09 PM
 #19


It is way to early to say something like that. Bitcoin has just started to get to "normal" two days back . Giving such extreme opinions might not be a good idea .
I don't know if it will soar , but it will definitely improve . The speculation will stay and will keep on creating a buzz until it again breaks the bar of $10000 and get back to the line of rising again . The soar would only happen after it breaks the triangle and move further.                                                         

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maemunah
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April 24, 2018, 05:21:05 PM
 #20

The market is showing positive sign for bitcoin again. In an article published by Charlotte Davis at https://www.express.co.uk/finance/city/949891/bitcoin-price-usd-news-today-buy-dollar-cryptocurrency-latest-value-cash: BITCOIN price has seen a 27 percent increase since the start of April and one cryptocurrency expert said bitcoin is likely to continue to rally as historical data shows a continuous rise over the past eight years.


I think price of bitcoin increased from 6th April much more then just 27%. Closer to 40%. Let me check. $6600  to $9300. Yes, $2700 is almost 41%  price increase.  Sort of huge if we would not talk about Bitcoin.
really what you say let's talk about bitcoin and support it because with our support bitcoin will quickly go up and pump the price can be as fast as possible in the coming months

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