TheUltraElite
Legendary
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Activity: 2856
Merit: 1219
Call your grandparents and tell them you love them
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June 29, 2018, 08:42:30 AM |
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yes probably because market nowadays is showing green (a positive sign) since it shows small pump back to final bottom price last few days , and it seems to grow more base on the performance of volatility nowadays , perhaps the market is gaining strength on this moment to surge again The market is showing some green movement. Its because people who were waiting for this price are now buying in crypto. Expect a lot of young blood to enter the market in this phase. If the market goes up they are going to sell and exit the market which will lead to a dump back to the 6k mark if not less. But if the bear trend continues then they might start panic selling. market has strong support on $5.9k, then it will bounce back to 9k i think on the last quarter of the year. btc and so many altcoins will go forward to thr moon. there will be many investors that would come in to invest. Bounce back to 9k? Dude the market is not like big melons which bounce back every time you kick them.  It takes time to recover and it recovers gradually. Sudden recovery means a drop coming within a few hours. i hope we see a bull market during year ending. We all do. |
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rainezerr401
Member
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Activity: 294
Merit: 10
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June 29, 2018, 09:00:30 AM |
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The market is currently in a deep downtrend, in my opinion, btc may be down to 5k5 then turn up strong! What do you think?
I agree to that, most of the traders today who are well knowledgeable about the market are just holding their coins and waiting for big whales to hoard a huge amount in order for the price to pump up again. |
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rickadone
Legendary
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Activity: 1176
Merit: 1024
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June 29, 2018, 11:43:23 AM |
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The market is currently in a deep downtrend, in my opinion, btc may be down to 5k5 then turn up strong! What do you think?
Of course it will fall to $5000, just see how many threads are being created post that the price will fall to $5000, $4000, $3000 and the radicals make prediction of $2000 is missing someone say that will fall to $0. with these many comments and lack of demand has become a certain fact that will fall a lot, this was not a good year for bitcoin, this being a very bad year for bitcoin Demand and smart money can always come back into the market at any time, but the looks of it shows that the bulls are not really set for any movement upward and with that the downtrend is still in play until we see some good breakout to the upper side but until then we can even go as low as $3k as the case may be and like you said, even though it looks like an impossibility, $2k region may also come into play but too early to start thinking of that as a possibility. |
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Twinscoin2017
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June 29, 2018, 12:11:41 PM |
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Discussing the market on this huge dip is very frustrating, and I think we need to not to look at the market almost every minute to avoid stress. I believe that there are so many people around that is now lossing an amount of their capital because the price is dropping. We need patience this time and we need to be strong for we don't really when will this dropping of price end.
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loofers
Newbie
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Activity: 42
Merit: 0
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June 29, 2018, 01:05:04 PM |
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Bitcoin just dropped below $6000,right now we are waiting for G20 finance cryptcurrency summit,I taught is after they summit we will see a rise in value from bitcoin and other altcoins.
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alminium
Jr. Member
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Activity: 112
Merit: 1
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June 29, 2018, 01:07:13 PM |
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Yes it's nothing, so far it looks bad, there's no signal reversal so Bitcoin under 5k seems possible. You'll see how the market reacts to it, maybe a strong bounce, maybe not, you just have to wait for the signal. If growth allows then it will be the most unexpected for all time.
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plpatel
Member
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Activity: 260
Merit: 15
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June 29, 2018, 01:18:53 PM |
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The market is currently in a deep downtrend, in my opinion, btc may be down to 5k5 then turn up strong! What do you think?
Currently market is not showing any respite from its downtrend, though we all are hoping market to recover soon, but when know one knows. Day by day all altcoins are making new lows, after posting all time high early this year. Bitcoin has already broken $6000 level and currently is just trading marginally below $6000, seems that $5500 and $5000 are just around the corner, but I still hope it doesn't go below $5700. |
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gilangIDR
Legendary
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Activity: 1526
Merit: 1001
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June 29, 2018, 01:24:19 PM |
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The market is currently in a deep downtrend, in my opinion, btc may be down to 5k5 then turn up strong! What do you think?
Although market conditions are in a downward trend, but my attitude remains optimistic about the movement of bitcoin. Events such as significant price reductions are possible to happen, but we are all optimistic that bitcoin will continue to grow and have a good future. The development of bitcoin should be based on the support of all of us, because without the support of bitcoin users the bitcoin may decrease further. Believe that when we have a good sense of optimism then we can also avoid a state of bitcoin price movements that get worse. |
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TranTrongit
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June 29, 2018, 02:03:13 PM |
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Market capitalization will continue to downtrend the next few days. But I still believe in bitcoin and the crypto market. It will increase again in the future. Let's hope for the future of the market
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malikusama
Copper Member
Sr. Member
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Activity: 1050
Merit: 294
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June 29, 2018, 02:36:18 PM |
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The effects of regulations are clearly seen in this downtrend, yeah it may fall more lower than $5000 but once we reach the bottom there will be a fresh start towards the new ATH and this time the recovery would be much slow but in fact it will be solid and not like the previous one.
We should encourage this dip too as it will help to clear the dirt.
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hacekd
Member
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Activity: 294
Merit: 12
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June 29, 2018, 02:42:29 PM |
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discussing the market is necessary because discussing helps our knowledge, the most important thing is that if we have to be a politive and also to exchange ideas.
this is really very helpful because this forum is one factor supporting the increase and decrease in the price of those who invest or trade in bitcoin almost entirely seek information here. |
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dekcutbusu33
Newbie
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Activity: 166
Merit: 0
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June 29, 2018, 03:04:02 PM |
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So far it does not look bad, there is no reversal signal so Bitcoin below 6k seems possible. We will see how the market reacts to it. It has been higher than $ 6700 and the starting price is looking. The market is retracing as usual.
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cryptolidus
Member
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Activity: 406
Merit: 10
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June 29, 2018, 09:57:02 PM |
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The market is in downtrend but we saw such situations earlier. We were witnessing bear market for years earlier.
We need new investors and big money waiting on sidelines to enter the market ....
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denisaardelean
Member
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Activity: 322
Merit: 10
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June 29, 2018, 11:09:34 PM |
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The market is currently in a deep downtrend, in my opinion, btc may be down to 5k5 then turn up strong! What do you think?
You can see that the market is showing signs of recovery after bitcoin fell to $ 5800 and is now at $ 6200. According to my analysis, this is only a short-term recovery and bitcoin prices may continue to fall sharply in the coming days, the market is bearish in the long run so you should only trade short termination and termination of the day to minimize risk and preserve profits. |
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kofibee12
Newbie
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Activity: 133
Merit: 0
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June 29, 2018, 11:59:49 PM |
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The market is not encouraging and we are experiencing a tough time in crypto. Here only the strong can survive and I believe in few times to come things will be normal again.
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kwarto
Newbie
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Activity: 168
Merit: 0
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June 30, 2018, 12:14:42 AM |
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This is just normal, market is really in downtrend this moment but i still hopeful that it will bounce back. Let just hope for the best. What we do in this kind of correction is to be patience and not to sell our coin. Let us not contribute the dip.
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Offece
Jr. Member
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Activity: 126
Merit: 1
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June 30, 2018, 12:33:30 AM |
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The market is currently in a deep downtrend, in my opinion, btc may be down to 5k5 then turn up strong! What do you think?
I do not know it's going to end up until when. certainly in case you make investments a few altcoin it can be. The manipulation in the back of the infamous bart candles leads me to consider that a person is aware of some thing behind the scenes. |
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noictib
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June 30, 2018, 01:54:11 AM |
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The market is currently in a deep downtrend, in my opinion, btc may be down to 5k5 then turn up strong! What do you think?
I do not know it's going to end up until when. certainly in case you make investments a few altcoin it can be. The manipulation in the back of the infamous bart candles leads me to consider that a person is aware of some thing behind the scenes. Not every time manipulation works , here in the present time dump in the price of the cryptocurrency is due to the factor of the RBI ban over of cryptourrency exchange fiat direct bank transfer rule , according to RBI ( reserve bank of India ) no one exchange bank account will be support by any bank to make buy and sell of bitcoin , so this is indirectly a type of the ban over the use of the bitcoin and this is creating fear in the mind of the most of the Indians that we will not be able to make use of cryptourrency use and in that case we will need to quite and due to such things most of the small and also few big traders are getting out from this field by selling Thier cryptourrency assets , so right now it will better for us to buy some cryptourrency at low price , specially bitcoin before the rule of the 5july ( last date of the deals ban of exchange banking account ) . So wait for the time when what will happen , probably here lots of chances are that we will not see any type of negative news , so be positive . |
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laravuemaster
Full Member
Offline
Activity: 378
Merit: 100
When Football meets Crypto
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June 30, 2018, 04:17:59 AM |
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The market is currently in a deep downtrend, in my opinion, btc may be down to 5k5 then turn up strong! What do you think?
There is a chance for bitcoins to go down to $5k dollars because most of the people today are still selling their coins due to panicking but i believe that reading positive speculations will boost their confidence to hold. |
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developer101dev
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June 30, 2018, 04:59:48 AM |
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The market is currently in a deep downtrend, in my opinion, btc may be down to 5k5 then turn up strong! What do you think?
Its true that the market today is not growing but it was just keep on dumping in this next consecutive days but you can take advantage of the cheap prices in the market today since you can invest a huge amount before the market goes back to normal. |
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