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Author Topic: Bitcoin has now gone 173 days without a new high.  (Read 642 times)
phpartisanmaster
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June 29, 2018, 01:38:04 AM
 #81

we need to have a sense of attitude and patience because there is a set time for bitcoin price increases, the best thing to do today is publishing digital currency around the world.

Bitcoins right now is on the long run before it goes up again because there are fud that is spreading all over the other countries which makes the price of cryptocurrency to go down so try to hold your coins right now or invest even more in order to earn more profit when the market goes back to normal.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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wildflower18
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June 29, 2018, 02:35:03 AM
 #82

Yep. This trend worries me very much as like others and my hope for Bitcoin reaching the new height this year is slowly reducing day by day. I don't know the real reason for the dip in price for past 6 months and to be specific, Bitcoin has reached its highest price of this year of $10k just once and most of the times it is around $7k or 8k range. Whales playing with the price it seems.
Users having disappointed in these trends for more months now without new changes. We expects indeed to reach all time high as before. Our best options or choice these days during this time without new high is holding our btc.

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ngacengan
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June 29, 2018, 02:58:02 AM
 #83

yes for now there is nothing you can do waiting to wait until the price back up again and really hope there is good news that can trigger a rise in bitcoin prices so that bitcoin prices can be re-voting again and can make everyone can benefit again.
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June 29, 2018, 07:27:25 AM
 #84

"Bitcoin has now gone 173 days without a new high.  Longest streak ever was 1,176 days (from Dec 2013 to Feb 2017)." So I came across this fact on twitter, and checked obviously (always DYOR haha) so what do guys think this says about BTCs current position, or what it does for the much anticipated bull run. We know that Mt. Gox "helped" make that previous streak a reality, and current conditions are not even similar, there is much more awareness and players. But do you think the the overhype that took it to 20k and its followed drop for the past 6 moths (which caused major disillusions) , will make it more difficult for BTC to reach new highs?

 

In my own opinion, the market price will be just keep on dumping the price, there are several news in which other countries right now are creating laws and policies for cryptocurrency, that is the reason why most of the people are preferring to sell their coins and the market prices are dumping.
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June 29, 2018, 11:32:08 AM
 #85

There is no major change is expected as per the current market situation and Bitcoin at the current price is expected to fall beyond that of around $4000 within another couple of months I think. The negative news was impacting previously but not some big exchanges have been hacked which in turn the Bitcoin price is dipped a lot due that factor.

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