7k by tonight Sunday

[nidacoinlove]

bitcointalk is in serious need of a new Newbie Jail again to eliminate all these random newbie guesses that they try to pass as "speculation" just because they wish to see a lower price so that they can fix the mistakes they have made back when they themselves listened to a random guess made by a newbie trying to fulfill their own wish!

Haha It took my breath. Even if they are jailed more Will appear to extend their new philosophical thinking without any good reason. Something that we must note that it is basically fantasizing about the price. Well they are just dreaming and there are no restrictions over dreams. 

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[Cacingkemi]

How do you analyze the market in your opinion,I'm not believe the BTC will fall into 7K briefly and it has to be accurate evidence myself see the good value end of the day and probably will go recover to 10K dude.This is not the 1st of April that can make a joke.

[krauzzer02]

I think Bitcoin is heading for the usual Sunday night drop.  I'd say 7k was not unlikely in say 12 hours or so time.  Not maybe low 7k but 7k.  And the volume looks very low. 

So every Sunday has the massive dips like this? how do you prove this assumption that it will drop like that? any backing legit sources, links or any technical analysis and legit incoming negative news about this drop? we are going to break the resistance stronghold of 10k this week and the tax season for the US is already over, ow it is already Monday moreover the price was still lurking around 9300 USD.

[thecodebear]

I don't think everyone should believe me.  Anymore than people who bought at 20k and believed the only way was up.     .  I think it will drop because of trends and the trend is downwards I'd say but I might be wrong of course. 

Well obviously you were wrong.

And the trend that past month has not been downwards. The trend now is upwards.

There is no reason whatsoever to think it'll drop to $7k. Last week we got the expected correction from $9000s to $8000s and consolidated back to $9000s. This is exactly what you would expect from the phase we are currently in: post-crash but still well before the bull run means gradual growth back up to the highs of the last boom over a non-short amount of time. We should expect the price in May to range between 9000s or maybe as low as 8000s on the low end and 11,000s and maybe as high as 12,000s on the high end. We got a big $3000 start after coming off the bottom of the crash this month. I think from here we can expect in general $1000 - $3000 gains per month for the mid-term, obviously with plenty of ups and downs.

[socks435]

This is another FUD I don't think the price will drop fast this coming Sunday.

even the volume is low it doesn't mean that the price will fall and I see the price right now is very stable around $9k.

The possibility could happen the price will reach $10k since more people keep investing into bitcoin and there are many news about bitcoin unless if there is a big FUD spreading in the news that can push people to panic sell their holdings.

[eaglewhite80]

bitcointalk is in serious need of a new Newbie Jail again to eliminate all these random newbie guesses that they try to pass as "speculation" just because they wish to see a lower price so that they can fix the mistakes they have made back when they themselves listened to a random guess made by a newbie trying to fulfill their own wish!

Haha It took my breath. Even if they are jailed more Will appear to extend their new philosophical thinking without any good reason. Something that we must note that it is basically fantasizing about the price. Well they are just dreaming and there are no restrictions over dreams. 

Unfortunately, it is a mistake they will never get to fix as most of the time, they will still end up missing the dip even when it comes anyway, and really, like pursuer said, that jail is really necessary as sometimes, it gets appalling when you just see people creating newbie accounts just for the sole purpose of spreading FUD. Something we will never just stop seeing! I am sure he must be somewhere hiding since his doomsday theory did not end up as he proclaimed. Good riddance!

[jossiel]

This is another FUD I don't think the price will drop fast this coming Sunday.

A FUD and it's about yesterday (Sunday) and his prediction failed of telling that it will be down to $7,000 so it's already a failure to meet his prediction.

even the volume is low it doesn't mean that the price will fall and I see the price right now is very stable around $9k.

Don't believe him that the volume is low.

Bitcoin has the highest volume.

8 billion dollars is low volume for 24 hours?

[Lucius]

I have come back on to say that yes I was wrong.  I did think there would be a fall as the volume was low and the price did seem to be struggling to stay above around 9k.  So from here who knows.  I would not risk money at this time because it's so unpredictable. 

OP is at least publicly admitted that he had made a mistake,I think it's a rarity on this forum and something to be appreciated.I also think that he is learned something from this(I hope he did),predict the price of BTC is very difficult or almost impossible.

Actually if you look at several pages in Speculation board,there is too many threads like this with more bombastic titles then this one-it seems that people like to give their imagination complete freedom in this board(unfortunately and in other parts of the forum).

[candolbitcoin214]

I think Bitcoin is heading for the usual Sunday night drop.  I'd say 7k was not unlikely in say 12 hours or so time.  Not maybe low 7k but 7k.  And the volume looks very low. 

Your prediction is way out of line. The price has been heading upwards for a month now so it is impossible that it will drop to that 7k price without major countries banning the use of bitcoin in the last few hrs left in the month of April. True enough the price remain at 9k plus in contradiction to your 7k speculation.

[Oasisman]

So the OP is following the usual trend, but that trend is still wrong. Usual trend was, there are more apperances of temporary pump on weekends until monday night than a dip. It isnt a reliable guide in investing though, since Bitcoin is a very volatile crypto currency and no one could ever predict the value tomorrow.