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Author Topic: What happens to bitcoin? up or down?  (Read 617 times)
exstasie
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May 09, 2018, 10:59:54 PM
 #41

It's "do or die" time. Bulls need to hold $9,000 and form a spring now, otherwise this is probably going to cliff dive. If this long is going to play out, it's coming down to the wire. Bitcoin loves to hang off the edge of the cliff before breaking upwards. That possibility is still open; SL has not triggered. But it's definitely time to pay attention, and if we fail this level, you should consider cutting leveraged longs and hedging.

Woohoo! Bulls held $9,000 and formed a spring! This is good news for two reasons. First, we are seeing impulsive bullish action off the lows, which usually means more impulsive behavior will follow:



Secondly, the strong reaction off the local lows means we can be very confident that stop-lossing sub-$8,980 is the correct move. Anything below that level means this bounce failed miserably, confirming bear momentum.

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May 10, 2018, 10:38:00 AM
 #42

The value of bitcoin has seen significant gains over the last week, following a period of relative stability hovering above $9,000. If it continues its good form, it could break above $10,000 in the coming days. . my opinion is bullish market is coming.
Most people take interest due to so much volatility in the price. I think investment in these days is like gambling. Buy bitcoin and increase or decrease your investment. Today the price is little bit on the track and there is no huge difference occurs daily. Investors are now relaxed with the price. It is growing gradually and the corrections are too low.
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May 10, 2018, 10:47:16 AM
 #43

I'll take a bite with what you said of bullish market is coming. Seems bitcoin didn't went low than $9,000 with this corrections and that's a very good call that it is starting to stabilized at that rate.

Surely,BTC coin hits 12.5k$ .But it will drop to 8.5k$ Smiley
Very pessimistic huh? But that's not new, bitcoin did even went on its high at $20k and did fall to $6,000 so what's new?

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May 10, 2018, 12:07:42 PM
 #44

Surely,BTC coin hits 12.5k$ .But it will drop to 8.5k$ Smiley
It is just your predictions and not the reality. I think now the price is increasing slowly and naturally. Big fall will never happen again. $4000 is very big difference and it will never drop to $8500 if it reaches to $12500. The price is round about $9000 and little bit fluctuations on daily basis, but it is normal and there is no big jump or fall in the price.

I agree with your statement as bitcoin cannot come down to $8000 after reaching $12500 because now the value of bitcoin is kind of stabilized I mean it's not going through huge pump or dump.
Yes the price of bitcoin is now going with much strength. The supporters are in a high amount in that value and they will not sell their coins below that. The price is a stronger value because now in the current position in the bitcoin community there are all the real investors of bitcoin and the real users of bitcoin. In the past many new investors came and they feared when they saw the price dropping and ran away while the real investors stayed in there and continued to support it more and it is those investors who have brought the price to that point and they will work more to promote it more and to invite more investors to bitcoin.
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May 10, 2018, 12:26:45 PM
 #45

Surely,BTC coin hits 12.5k$ .But it will drop to 8.5k$ Smiley
Very pessimistic huh? But that's not new, bitcoin did even went on its high at $20k and did fall to $6,000 so what's new?

How is someone sharing his genuine opinion pessimistic? Nothing points at $10,000 to become a base support level, and I strongly believe that during this whole year, we aren't done with sub $10,000 levels yet. Don't forget that the bottom (~$6500) is way lower than current levels, so we have definitely a lot to catch up on before we can bottom at levels close to $10,000. We need a major trigger to accomplish that, but the only relevant question is when that major trigger will show its face.

Positive sign is that the market bounced back up after having dipped below $9000 for a brief moment. If we can see the market consolidate around the $9000 level for a longer while, it likely means that the sellers have exhausted their resources; the average price in the last 20 or so days has been hovering around $9000 which is a very healthy sign, and may confirm that.
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May 10, 2018, 05:22:48 PM
 #46

we can check in this website bitcoinwisdom.com with technical analysis where bitcoin is in uptrend or downtrend
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May 10, 2018, 06:34:34 PM
 #47

The value of bitcoin has seen significant gains over the last week, following a period of relative stability hovering above $9,000. If it continues its good form, it could break above $10,000 in the coming days. . my opinion is bullish market is coming.

We can expect this in a couple of days.It should be achieved before,due to fluctuation after 9800$.The price of bitcoin reduced and now it's start to raise again.This time the bitcoin price surely cross the 10,000$ mark.It is better to hold your bitcoin till this month end.We can expect some peak ,before this month.
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May 10, 2018, 07:31:30 PM
 #48

Bitcoin will go up with all the market next few months without a doubt. I just holding all my cryptocurrency's portfolio and waiting.
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May 10, 2018, 08:19:53 PM
 #49

With the current trend and due to the points that was given by the legendary investor "Buffett" he's really doing his job of making the people scared about bitcoin.
I'm still bullish no matter what how many bad comments, bad predictions will come out later on about bitcoin. I have proven to myself that bitcoin is an amazing investment and it is surprising us with his moves from tanking to rising and so on.

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May 10, 2018, 08:25:51 PM
 #50

The value of bitcoin has seen significant gains over the last week, following a period of relative stability hovering above $9,000. If it continues its good form, it could break above $10,000 in the coming days. . my opinion is bullish market is coming.
We have seen these sort of markets in the past where the price is showing promise and we will see that again, but the important change now i see is that the price is some what stable for a few weeks now and it is trading around a small range which is great, i like the gradual growth but expect to see a correction every now and then.
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May 10, 2018, 11:14:39 PM
 #51

Bitcoin has a trademark of up and down of value and with regards to it we may see the bull runs I think can start In the few weeks time. We are many users hopes for it to achieve on bitcoin to hit all time high this year so I believe price can make it.
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May 11, 2018, 09:25:44 PM
 #52

Secondly, the strong reaction off the local lows means we can be very confident that stop-lossing sub-$8,980 is the correct move. Anything below that level means this bounce failed miserably, confirming bear momentum.

As stated above: Price dropping sub-$8,980 was an obvious time to stop-loss longs and/or enter hedge shorts. I hedged on the breakdown and have just exited shorts for the short term. Hopefully we'll get a chance to sell the $9,000 area one more time before descending into hell.

Gotta hate giving all those gains back between $9K-$10K, and I should have taken more profit up there, but oh well. Been riding this since the low $7,000s.

Unfortunately, Masterluc was right again, and this intermediate bear market is quite harsh. Undecided

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May 12, 2018, 09:11:27 AM
 #53

The value of bitcoin has seen significant gains over the last week, following a period of relative stability hovering above $9,000. If it continues its good form, it could break above $10,000 in the coming days. . my opinion is bullish market is coming.
Most people take interest due to so much volatility in the price. I think investment in these days is like gambling. Buy bitcoin and increase or decrease your investment. Today the price is little bit on the track and there is no huge difference occurs daily. Investors are now relaxed with the price. It is growing gradually and the corrections are too low.
Bitcoin increased and the price is better than the last month price as the demand increased and the automatically the price went up and brought the price at this stable stage. The price sometime increases and sometime decreases so this not  new news near people because all we need is to get the profit from this market as we know that Bitcoin market is the most popular and reputed market.
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May 12, 2018, 11:55:54 AM
 #54

Surely,BTC coin hits 12.5k$ .But it will drop to 8.5k$ Smiley


I do not know if it will fall back to 8500, I hope it will not go down any further.

The value of bitcoin has seen significant gains over the last week, following a period of relative stability hovering above $9,000. If it continues its good form, it could break above $10,000 in the coming days. . my opinion is bullish market is coming.
I think it already touched $10K by yesterday even,in preev.com I saw that price was $9963 yesterday.But today there is there is some correction in the price and it reached $9500 but it is just a healthy correction which cannot be consider as bullish.So don't worry keep holding your bitcoin because $20k is coming by end of this year.


thanks for comment, I hope it will be like you said. because many people are now in harm. we hodl'er Smiley

Don't worry mate. That is maximum expected correction has been done mate. There is reason to find the dump in the market mate. Meanwhile fake news may spreaded everywhere from the banking side.
If you think that those news as negative for the market growth, then you will not find the good market. This is applicable for all. You know, panic sell makes the market value dumped worst in the market mate.

this year is going to be tough, I guess it will not be like last year.

my opinion is bullish market is coming.
Let's be hopeful to this. Expect bull will come after this adjustment that we have seen again.


I hope it will,

the price fell to below 8500 again.

 
The value of bitcoin has seen significant gains over the last week, following a period of relative stability hovering above $9,000. If it continues its good form, it could break above $10,000 in the coming days. . my opinion is bullish market is coming.

Bitcoin able to break the resistance on $9k level and I think it can be considered as a bullish pattern.
Bitcoin is good, and  this market will meant to soar high. Expect bitcoin on a higher price this year and your profit will be high also.


Unfortunately it fell again, but this may be a correction.

i miss bullish market..

The value of bitcoin has seen significant gains over the last week, following a period of relative stability hovering above $9,000. If it continues its good form, it could break above $10,000 in the coming days. . my opinion is bullish market is coming.

I think currently the market is not ready for the big rise to start which is why price keeps coming back to $9k level and not rising above that imaginary resistance at $10k. most people are currently trying to increase their share in bitcoin by doing small trades using these short term dips and also by pumping altcoins and making profit there. which means a lot of the money is also locked in altcoin market. when all this comes back the price can practically shoot up.

I think you are right.


The value of bitcoin has seen significant gains over the last week, following a period of relative stability hovering above $9,000. If it continues its good form, it could break above $10,000 in the coming days. . my opinion is bullish market is coming.
I think it already touched $10K by yesterday even,in preev.com I saw that price was $9963 yesterday.But today there is there is some correction in the price and it reached $9500 but it is just a healthy correction which cannot be consider as bullish.So don't worry keep holding your bitcoin because $20k is coming by end of this year.
It almost did and very close and then the pullback came which was obvious anyway with the divergence on the indicators. Hopefully it is just going to be a little retracement and then we go test the $10k spot again which I believe if we do not get to break, could result to a lower break out than this one and really, none of us would really want to see that happen anyway.

Right now, all we have is the trend, and we are just watching to see where we go next from here.

The uncertainty is really bad.

The value of bitcoin has seen significant gains over the last week, following a period of relative stability hovering above $9,000. If it continues its good form, it could break above $10,000 in the coming days. . my opinion is bullish market is coming.
The market has recovered that is correct but I do not know if we are going to see a bullish market coming, I really think that when the price crashed the price got extremely low that was the opportunity to buy bitcoins for a cheap price, so what we saw was a correction, it was not the sign of a bullish market it was just a market reacting to an undervalued bitcoin and taking advantage of it.

nice comment, i think it is like that.

The value of bitcoin has seen significant gains over the last week, following a period of relative stability hovering above $9,000. If it continues its good form, it could break above $10,000 in the coming days. . my opinion is bullish market is coming.

Bullish market is indeed coming, but I just don't think that it's necessarily coming right at this moment. A lot of people have expectations that this is the start of the next bull market which I simply think is untrue.

Prices have essentially corrected down to the $9300 level again, so we've hung around the $9k's without any upward momentum for over a week now.

There is still a possibility that $10k can be broken, but even if it does, I don't see the momentum being enough right now to change the market sentiment to fully bullish. We'll most likely see further dips in the near future, and consolidation. It'll probably take until near the end of the year for the actual recovery leading to the next bull market to occur, although there may be short term rallies here and there.

Thank you so much for your comment.
With the last price drope, I got this idea.


The value of bitcoin has seen significant gains over the last week, following a period of relative stability hovering above $9,000. If it continues its good form, it could break above $10,000 in the coming days. . my opinion is bullish market is coming.
Bullish market or not, no one can know before it happens and that would have only started giving us some light if we are able to break the $10k resistance. Nevertheless, let us be hopeful that we will get to see this happen and at the same time have it at the back of our minds that anything on the other side of things can still happen as well which is something no one can really tell which direction it would ever be.
 

you said nice.
live a hope Smiley

The value of bitcoin has seen significant gains over the last week, following a period of relative stability hovering above $9,000. If it continues its good form, it could break above $10,000 in the coming days. . my opinion is bullish market is coming.
Your opinion was right. We saw that the price increased much high on that day and now again the price of bitcoin is going to buill up again. It is actually the signs that the price of bitcoin will rise higher as we saw in the last year that the price of bitcoin increased much higher in these months.
I say  bull market is coming. then I look at it,
With this last price drop,
 I saw tens of thousands of bitcoins sold Sad

The value of bitcoin has seen significant gains over the last week, following a period of relative stability hovering above $9,000. If it continues its good form, it could break above $10,000 in the coming days. . my opinion is bullish market is coming.

Sometimes average bitcoiners always speculate what will happened based only on the current price movement. Nothing wrong in the first place but we need to take note that sometimes it can be spoiled even how detailed and professional the analysis is.

In terms of bitcoin, I really don't take short period as source for future actions e.g bullish trend within 2 to 3 days or something like that. I tend to take points at minimum weekly performance in order to gave me a much more good output in the upcoming weeks. In that duration (the longer the better), we can really sees if the pump or dump is just a normal swings or now a start of another trend.

really nice comment. we need to follow up closely and investigate.

The value of bitcoin has seen significant gains over the last week, following a period of relative stability hovering above $9,000. If it continues its good form, it could break above $10,000 in the coming days. . my opinion is bullish market is coming.
I don't know if we're going to see that price in the next days but I think there is a high chance that we will see that price in the next weeks, the reason for that is that I think there are many people that are waiting that we reach that price to begin to sell, so there will be a struggle to reach that price between the bulls and the bears in the market but I think that the bulls are going to win this round.

there was a high price drop again, I hope you are right.

The value of bitcoin has seen significant gains over the last week, following a period of relative stability hovering above $9,000. If it continues its good form, it could break above $10,000 in the coming days. . my opinion is bullish market is coming.
Most people take interest due to so much volatility in the price. I think investment in these days is like gambling. Buy bitcoin and increase or decrease your investment. Today the price is little bit on the track and there is no huge difference occurs daily. Investors are now relaxed with the price. It is growing gradually and the corrections are too low.

it is actually a great opportunity to trade.
 that there is not so much hard fall  or so fast rise  and this is good, right?

The value of bitcoin has seen significant gains over the last week, following a period of relative stability hovering above $9,000. If it continues its good form, it could break above $10,000 in the coming days. . my opinion is bullish market is coming.
We have seen these sort of markets in the past where the price is showing promise and we will see that again, but the important change now i see is that the price is some what stable for a few weeks now and it is trading around a small range which is great, i like the gradual growth but expect to see a correction every now and then.

10,000 usd went over once but could not rise. it fell again..


Secondly, the strong reaction off the local lows means we can be very confident that stop-lossing sub-$8,980 is the correct move. Anything below that level means this bounce failed miserably, confirming bear momentum.

As stated above: Price dropping sub-$8,980 was an obvious time to stop-loss longs and/or enter hedge shorts. I hedged on the breakdown and have just exited shorts for the short term. Hopefully we'll get a chance to sell the $9,000 area one more time before descending into hell.

Gotta hate giving all those gains back between $9K-$10K, and I should have taken more profit up there, but oh well. Been riding this since the low $7,000s.

Unfortunately, Masterluc was right again, and this intermediate bear market is quite harsh. Undecided

you are absolutely right. In order to win, a will like iron is required. Smiley

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May 12, 2018, 11:59:35 AM
 #55

I think main problem is UPBIT and there was news about MTGOX too so people start panic sail and price went down very fast but i think it will come back same way soon.


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May 12, 2018, 02:34:08 PM
 #56

Well, Fluctuation is constant in this industry. So it could or it would rise up again and breach the $10K mark soon, though the catch here is that a lot of outside factors do contribute to the trend of Bitcoin. So the question of is it going up or down? Is still hard to answer due to the instability of the industry.
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May 12, 2018, 03:12:08 PM
 #57

The price of Bitcoin rebounded from strong support at $ 8250. If the price reaches 9100 and consolidates above it, then a new growth to 12000 will start from these levels. If the price breaks the last local minimum, it can reach 7600.
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May 12, 2018, 04:15:19 PM
 #58

The value of bitcoin has seen significant gains over the last week, following a period of relative stability hovering above $9,000. If it continues its good form, it could break above $10,000 in the coming days. . my opinion is bullish market is coming.
Well yes it is okay to have that opinion everybody have the rights to give opinions. The value of bitcoin is depends on the user of it, If people will be reunited with only one agenda and it is for the price to increase and for sure the value of bitcoin will increase. $9k to $10k is just normal as of today.
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May 12, 2018, 04:49:04 PM
 #59

Bitcoin price is just fluctuate due to some stable with the value of 9000$ for long.The price of bitcoin will reach 20,000$ by this year end and holding is best option to double your profit.Trading is based on your patience.If you had more patience,you will get more profit.



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May 12, 2018, 06:43:40 PM
 #60

I guess it will go up this time. In the last few weeks the value of bitcoin go down very gently and so many people are not warned about the decreasing of bitcoin's value. Today the value of bitcoin is not that high but atleast it is now stable.
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