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Author Topic: Bitcoin is taking a breath  (Read 211 times)
timerland
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May 03, 2018, 07:18:20 AM
 #41

The crypto-currencies showcase is grabbing a seat today after a solid run-up. Bitcoin is holding in the $9,300 territory at mid-morning subsequent to ascending as high as $9,500. The subtle $10,000 hindrance is in locate, however the walk towards it continues getting slowed down by anxious speculator pullbacks.

Thing is that we don't know whether bitcoin is going to be able to reach the 5 figure mark during this bull run, or not. If it does, then there is a possibility that bitcoin is able to go up further in the 5 figure range. But the selling pressure at that point is just so strong that we haven't been able to break the resistance, despite multiple tries.

There are no guarantees that bitcoin is going to go down near the previous lows saw in January temporarily, but I think it's likely if we're not able to reach 5 figures during this bull run.

Markets are just not ready to take the next step into a fully bullish market, I don't think. We're still settling down/consolidating from the previous bull market, however you want to call it.

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May 03, 2018, 02:44:40 PM
 #42

I guess people are now cautious of buying bitcoin becaust they think that price might go down just like what happen in the last few week.  Aside from that, there are lots of holder who are losing patience and slowly unloading their stash.  We have seen it from time to time when Bitcoin is about to take an increase, dump always comes in.  So I guess it will take some time before Bitcoin canbreak the 10k barrier unless there is really a good news that will create FOMO to the investors.
I wouldn't surprised if the market moving up , grow steady by $200 or $500 every week and closed by a crazy jump. Everyone expect to have the $20k value back soon and it's so frustrating if you keep thinking so. Try to let it growth naturally and you'll find your investment are worth as the patient you put in there.
I would glad to see someone try to dump Bitcoin market and I'll just keep buying it.

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May 03, 2018, 03:32:54 PM
 #43

Everyone expect to have the $20k value back soon and it's so frustrating if you keep thinking so.
People expecting the price to 'recover' to the $20,000 level again shortly are just nutters.

Let people ask themselves why the price went there in the first place, and then look at the difference between bull/hype demand and more conservative demand. You can't expect from conservative demand that it pumps back to whatever the all time high was last year. If there is no bull run or whatever, we'll eventually break through the $20,000 level again, but it will take way more time than most people here think. In other words, have patience.

Try to let it growth naturally and you'll find your investment are worth as the patient you put in there.
That. As W.B. once said; if you are not willing to hold a stock (Bitcoin in this case) for 10 years, don't even think about holding it for 10 minutes.

That dust farter isn't always positive about crypto in general, but his quotes are solid.

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May 03, 2018, 05:35:44 PM
 #44

That. As W.B. once said; if you are not willing to hold a stock (Bitcoin in this case) for 10 years, don't even think about holding it for 10 minutes.

I do agree with that statement, but the thing is that with Bitcoin we're dealing with a free and very immature market. In this market there is both short and long term exposure you can benefit from. Warren Buffett said that trading Bitcoin is similar to gambling, which I agree with, but if you purely focus on buy low sell high, the risks are minimal since corrections are guaranteed to happen. Even if you don't manage to buy and sell at the right moment, the spreads are so large that regardless of what you did, you'll catch profits. If you buy and sell in smaller fractions, you are spreading your risks in a better way, and thus you're more likely to buy bottoms and sell peaks.
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May 03, 2018, 06:49:01 PM
 #45

Bitcoin isnt close to a stock though, I dont really agree with calling it an investment.   Theres no yield or share of business done by holding it.   Either the usage of bitcoin grows or the demand will not match supply meaning price is lower.

I guess I will call Bitcoin a commodity as its under active development, but it could relate to Forex also as its almost always used in payment or exchange of value.  Study of Forex or commodity markets would help weigh up the volatile moves that often happen and that very much sounds like how Bitcoin moves.     Its just supply and demand related, we have a known reduction in block supply but also have to speculate on its utility vs competitors .

The dollar price also relates to Federal Reserve policy, we generally rely on interest rates lagging effective inflation.   Someone described the national GDP in terms of BigMac prices, a food commodity and thats probably more accurate since inflation is not stated accurately.

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May 03, 2018, 10:42:43 PM
 #46

Exactly,  it could be a good shows for us that bitcoin could really make some adjustments after a month's of being in dip. I know people are happy to see its growth and surely they don't loose their hope and make some investment again.

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May 03, 2018, 10:58:04 PM
 #47

Exactly,  it could be a good shows for us that bitcoin could really make some adjustments after a month's of being in dip. I know people are happy to see its growth and surely they don't loose their hope and make some investment again.
Agreed, the investors who were the backbone has felt much worse when the price went low. As the price has begun to show signs of growth little by little can expect more new investors who increase the demand causing the price to grow in a stable manner. Bitcoin taking breath happens quite often in terms of minor fluctuations.

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May 03, 2018, 10:59:51 PM
 #48

Today I was surprised by the remarkably bullish behavior of bitcoin, in a week that was not expected to be especially volatile. Although it is true that for the rest of the financial markets, especially for the Forex market this has been a week with a lot of volatility due to the great pressure that the American dollar is suffering, we must take into account that bitcoin has usually remained oblivious to the dynamics of conventional markets, so it is difficult to find a solid justification for this interesting movement.

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May 03, 2018, 11:23:20 PM
 #49

Exactly,  it could be a good shows for us that bitcoin could really make some adjustments after a month's of being in dip. I know people are happy to see its growth and surely they don't loose their hope and make some investment again.
Agreed, the investors who were the backbone has felt much worse when the price went low. As the price has begun to show signs of growth little by little can expect more new investors who increase the demand causing the price to grow in a stable manner. Bitcoin taking breath happens quite often in terms of minor fluctuations.
Investors play a lot of role in crypto currencies specially in ICOs, they are the main source of the economy because if without them prices of crypto currencies won't lift a huge effect. Bitcoin and other crypto currencies are growing slowly while some are pumping too fast that it almost drop down due to other's dumping.

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May 03, 2018, 11:28:59 PM
 #50

The crypto-currencies showcase is grabbing a seat today after a solid run-up. Bitcoin is holding in the $9,300 territory at mid-morning subsequent to ascending as high as $9,500. The subtle $10,000 hindrance is in locate, however the walk towards it continues getting slowed down by anxious speculator pullbacks.
$10,000 is near and just let those pull backs come as it makes the market healthier. It's giving space for those that haven't ride the train yet.
We better see the run in slow moving action than to see it pump overnight so this can be now the sign that we have been waiting for.
Something major is needed to push it over the top of $10,000 and make it stick.

Ethereum had a pretty good push but it is not in relation to bitcoins price cause it did not move an inch when it happened. Sad
Let ETH push itself as it is just following bitcoin's path for it's positivity. And about the 'something major' you are talking about bitcoin.
Do you think this is a major thing?
Nasdaq is open to becoming cryptocurrency exchange, CEO says
Goldman Sachs to Open a Bitcoin Trading Operation

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May 08, 2018, 07:00:39 AM
 #51

I guess people are now cautious of buying bitcoin becaust they think that price might go down just like what happen in the last few week.  Aside from that, there are lots of holder who are losing patience and slowly unloading their stash.  We have seen it from time to time when Bitcoin is about to take an increase, dump always comes in.  So I guess it will take some time before Bitcoin canbreak the 10k barrier unless there is really a good news that will create FOMO to the investors.
I wouldn't surprised if the market moving up , grow steady by $200 or $500 every week and closed by a crazy jump. Everyone expect to have the $20k value back soon and it's so frustrating if you keep thinking so. Try to let it growth naturally and you'll find your investment are worth as the patient you put in there.
I would glad to see someone try to dump Bitcoin market and I'll just keep buying it.
It is crypto and there is a huge volatility in the price. Anything could be happened. You should observe the market before investing your money in cryptocurrency. For the time being bitcoin is not using like a regular currency and people are buying bitcoin only for making more and  more money so it is better to study the market and look the trend then invest.

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May 08, 2018, 08:37:58 AM
 #52

Exactly,  it could be a good shows for us that bitcoin could really make some adjustments after a month's of being in dip. I know people are happy to see its growth and surely they don't loose their hope and make some investment again.
Bitcoin is slowly in the moment to increase again. Those who in doubt to btc they must look in the history because btc wil surely giving a good profit this year. So they still have a chance to invest in bitcoin it will increase again.

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May 09, 2018, 09:32:29 AM
 #53

The crypto-currencies showcase is grabbing a seat today after a solid run-up. Bitcoin is holding in the $9,300 territory at mid-morning subsequent to ascending as high as $9,500. The subtle $10,000 hindrance is in locate, however the walk towards it continues getting slowed down by anxious speculator pullbacks.

Thing is that we don't know whether bitcoin is going to be able to reach the 5 figure mark during this bull run, or not. If it does, then there is a possibility that bitcoin is able to go up further in the 5 figure range. But the selling pressure at that point is just so strong that we haven't been able to break the resistance, despite multiple tries.

There are no guarantees that bitcoin is going to go down near the previous lows saw in January temporarily, but I think it's likely if we're not able to reach 5 figures during this bull run.

Markets are just not ready to take the next step into a fully bullish market, I don't think. We're still settling down/consolidating from the previous bull market, however you want to call it.
Bitcoin is on the way up and people are investment in high volume because they realize that it is the last chance of having the price below $10k. They will never find such a low price for their investment. 2018 is the year of bitcoin and many people think that the price will be more than $20k till the end of this year. Now it is on the way upwards.

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May 09, 2018, 11:08:00 AM
 #54

The crypto-currencies showcase is grabbing a seat today after a solid run-up. Bitcoin is holding in the $9,300 territory at mid-morning subsequent to ascending as high as $9,500. The subtle $10,000 hindrance is in locate, however the walk towards it continues getting slowed down by anxious speculator pullbacks.

Thing is that we don't know whether bitcoin is going to be able to reach the 5 figure mark during this bull run, or not. If it does, then there is a possibility that bitcoin is able to go up further in the 5 figure range. But the selling pressure at that point is just so strong that we haven't been able to break the resistance, despite multiple tries.

There are no guarantees that bitcoin is going to go down near the previous lows saw in January temporarily, but I think it's likely if we're not able to reach 5 figures during this bull run.

Markets are just not ready to take the next step into a fully bullish market, I don't think. We're still settling down/consolidating from the previous bull market, however you want to call it.
Bitcoin is on the way up and people are investment in high volume because they realize that it is the last chance of having the price below $10k. They will never find such a low price for their investment. 2018 is the year of bitcoin and many people think that the price will be more than $20k till the end of this year. Now it is on the way upwards.

However, 2018 is different in my opinion. Bitcoin has been acknowledge by a lot of governments now, From Europe to Asia to Africa, Government started to notice its potential to affect their nation, either positive or negative that's why we see countries heavily regulating it today more than ever. As for the $10000 walk, again we almost did it last week, But we have been pulled back again momentarily. This is the second time that we have attempted to break that 5 digit mark, both unsuccessful. I don't expect it to make a run this week, because we even slide further today at $9100. But at the back of our minds, we all know that we can get to it, just waiting for the right timing so that we can finally get it. Maybe before the end of the month, bitcoin will be worth $10000. And we all call breathe and sleep tight.  Grin

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May 09, 2018, 02:00:58 PM
 #55

Exactly,  it could be a good shows for us that bitcoin could really make some adjustments after a month's of being in dip. I know people are happy to see its growth and surely they don't loose their hope and make some investment again.
Bitcoin is slowly in the moment to increase again. Those who in doubt to btc they must look in the history because btc wil surely giving a good profit this year. So they still have a chance to invest in bitcoin it will increase again.

This stability is nice for a change. Hopefully no big news comes about yet again to disrupt it. The industry is greatly in need of a break from all these negativity. Let's keep this momentum slow and steady.


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bitcad4u
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May 09, 2018, 03:12:36 PM
 #56

This is the expected price raise for myself.I had holding 0.2 btc for very long.I had brought this bitcoin at the price of 7000$.Now I am going to sell certain percentage of bitcoin for the profit and I had plan to hold the remaining for the future.I hope the price of bitcoin will cross 12,000 by this month end.
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May 09, 2018, 05:53:09 PM
 #57

The up trending is still very strong and I think few days to come bitcoin is going to be above $10,000. I have that the trend is more of the uptrend now than the down trending and if anything been equal before August bitcoin is going to be above $15,000 and we may hit $25,000 before December.


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Wapfika
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May 09, 2018, 07:55:52 PM
 #58

The up trending is still very strong and I think few days to come bitcoin is going to be above $10,000. I have that the trend is more of the uptrend now than the down trending and if anything been equal before August bitcoin is going to be above $15,000 and we may hit $25,000 before December.
That price is quite high to think about, setting another ATH seems impossible this year since bitcoin price is too hard to take move, it can increase a bit then drops awhile. Hope for a better quarter to set another ATH by December.

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