Dangerous price area

[DaughterOFbitcoin]

You don't have to worry about the price of Bitcoin, although it has now fallen below $6300, but it will rebound soon because the whales won't let Bitcoin fall below $6000.

In these days the price of bitcoin is almost constant and there is n big bump and dump in the price. I do not worry about the price of bitcoin but when you invest in something you will want to earn some money but if there are no signs of increasing value then definitely you will be disappointed and may withdraw your money from such place. Bitcoin is the same for all investors these days.

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[iv4n]

You don't have to worry about the price of Bitcoin, although it has now fallen below $6300, but it will rebound soon because the whales won't let Bitcoin fall below $6000.

In these days the price of bitcoin is almost constant and there is n big bump and dump in the price. I do not worry about the price of bitcoin but when you invest in something you will want to earn some money but if there are no signs of increasing value then definitely you will be disappointed and may withdraw your money from such place. Bitcoin is the same for all investors these days.

Not days, it's like that for months already. We touched bottom long time ago, from March this year price is holding pretty good, we had few spikes, traders had chances to earn from that, holders are calm price have good stronghold. What I read here on forum is crazy, why would anyone be disappointed if price don't rise a lot, that will not happen over night, we need to wait a long time, for years maybe to see huge price rise. I think that will happen for couple years only, until that moment price will maybe go to 10k dollars, but big maybe, I think we will have this price between 6 and 7 thousand dollars, with occasionally spikes and dips, who spot them will have chance to earn something, for others its good to prepare for long waiting.

[TheUltraElite]

it is impossible to say for sure that this level is strong or weak, because we have seen many times how bitcoin grew without stopping after a long correction

See the easy way to decide whether a certain point is strong or weak is to check the orderbook for the trades around that price. If you see bitcoin has a large support level at the 6000k USD mark and at 6100 - 6200 USD marks. This means that even if the market is bearish it will not drop easily before someone dumps huge amounts to break that wall. But things can get really messy at times since trading is highly speculative and idiots are full of nonsense BS in every social media.

I wont say its impossible but you can make calculated guesses at these points on how to place orders.

[gtglener]

bitcoin prices have not been experienced lately, there is the price that is most feared is the price reaches the lower level until 6k or more this is what many people fear, we hope that with prices like this is not achieved.

The lower area is most fearful for those who have already invested here in the Bitcoin will be more worried about it. On the other hand new investors will find it heaven to invest freely without any high cost rates as it is well available and affordable on low price.

This cheap price availability made it favorable for new investors and I think that we should not get late because the price has started to increase from yesterday.

[Dr.Osh]

bitcoin prices have not been experienced lately, there is the price that is most feared is the price reaches the lower level until 6k or more this is what many people fear, we hope that with prices like this is not achieved.

The lower area is most fearful for those who have already invested here in the Bitcoin will be more worried about it. On the other hand new investors will find it heaven to invest freely without any high cost rates as it is well available and affordable on low price.

This cheap price availability made it favorable for new investors and I think that we should not get late because the price has started to increase from yesterday.

for price issues, I don't know. we don't know when prices get worse, and we don't know what limits. well now the price also looks lower. well, because we can be a big risk for investors who invest in this road.

[thichtieuthuong]

In my opinion this price will be broken in October and i think it will be around $ 7,200. And the current price is $ 6,464 and i think Bitcoin is the bottom.

[Baggong]

I think the dangerous bitcoin price area is when it is under $ 5000, I'm sure bitcoin will be difficult to recover when it drops below $ 5000, and I'm happy this year the price of bitcoin has never reached $ 5000 or less.

[Wall_Streeet]

bitcoin farms will be able to produce bitcoin further if the complexity decreases and there is an increase in the reward for the block, so everything is dictated by the market.

[Taki]

As we can see through all this months bitcoin cannot break 6800$ point. But the day it will happen I do not see any special reasons to affect on mining, because of even 20000 $ point didn't make anything special with that area of crypto business.

[gabmen]

As we can see through all this months bitcoin cannot break 6800$ point. But the day it will happen I do not see any special reasons to affect on mining, because of even 20000 $ point didn't make anything special with that area of crypto business.

Well mining with thrive when btc is up since miners will be one if the firsts to make profit out of it. And we know that the price can break that 6.8k in an instant. It happened several times already in a span of a few hours.

[prihojantsev]

All the time when bitcoin falls in price there are people who exchange it to another cryptocurrencies or fiat. As soon as the price fall to the right level there are those who see an opportunity to earn and invest in bitcoin. As soon as bitcoin rise, those who have sold bitcoin, invest in it again after which bitcoin falls in price again. It is trading, one's man loss is another man's gain. It can't happen that the price falls without any reason.

[TheUltraElite]

for price issues, I don't know. we don't know when prices get worse, and we don't know what limits.

If you dont know then why are you commenting like this?
Its better for others to speak than increase your post count - isnt it?

well now the price also looks lower. well, because we can be a big risk for investors who invest in this road.

The risk was there since the Day1 of bitcoin's release by Satoshi. Has the risk "decreased" today? It is still the same. Some people will keep on with the speculative bubble theory that prices are pumped by who knows what and call bitcoin a scam/ponzi. On the other hand people are willing to accept it as the new currency of the world economy will continue to support it. You just have to choose what you need.

bitcoin farms will be able to produce bitcoin further if the complexity decreases and there is an increase in the reward for the block, so everything is dictated by the market.

Block rewards dont increase. Learn about the system before you comment. Halving occur at certain intervals and the block rewards always keep decreasing by half of its last value once a halving is done.

[AdamRay]

hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
If we break this level most of mining farms have to stop mining or continue to produce at loss...
this would be a really nefarious scenario!!!
who thinks Bitcoin will break psychological 6k level? what could happen then? any opinion or analysis???

I think it will happen soon in Q4 because that's the shark's plan. They want to make the traders run away. I have always believed that this year was a bad year for Crypto and always advised traders to stop to look at the market.

[Ganbound]

it is impossible to say for sure that this level is strong or weak, because we have seen many times how bitcoin grew without stopping after a long correction

See the easy way to decide whether a certain point is strong or weak is to check the orderbook for the trades around that price. If you see bitcoin has a large support level at the 6000k USD mark and at 6100 - 6200 USD marks. This means that even if the market is bearish it will not drop easily before someone dumps huge amounts to break that wall. But things can get really messy at times since trading is highly speculative and idiots are full of nonsense BS in every social media.

I wont say its impossible but you can make calculated guesses at these points on how to place orders.

For a market that can be manipulated at times, with no regulation in place, I would be very careful not to focus so much on order books as whales sometimes can use it as a way to deceive people into believing what they want them to believe based on order volume, but in the real sense, that order can be removed at any point in time and before you know it, you can see price dropping lower.

Sure, it is definite that this is a highly speculative market and nothing can be done to be able to stop it at this point in time, except to just monitor trend and be able to make adjustments as fast as possible.

[TheUltraElite]

For a market that can be manipulated at times, with no regulation in place, I would be very careful not to focus so much on order books as whales sometimes can use it as a way to deceive people into believing what they want them to believe based on order volume, but in the real sense, that order can be removed at any point in time and before you know it, you can see price dropping lower.

Thats the problem with buying coins from exchanges. You can see  buy-sell walls but you wont be able to trust them fully. Majority of the bots on Binance and others have ruined the experience of trading for retail investors and hobbyist traders. Still there is till date no specific countermeasure to prevent this. But by some technical analysis it is becomes known that bitcoin wont drop below 6k unless some huge dump takes place - even if that happens it wont be for long that whales will buy them back.

Sure, it is definite that this is a highly speculative market and nothing can be done to be able to stop it at this point in time, except to just monitor trend and be able to make adjustments as fast as possible.

Just buy low and sell high. Keep track of what you are doing and watch the market. Thats all a normal human can do to gather profits off their portfolio.

[sana54210]

You don't have to worry about the price of Bitcoin, although it has now fallen below $6300, but it will rebound soon because the whales won't let Bitcoin fall below $6000.

In these days the price of bitcoin is almost constant and there is n big bump and dump in the price. I do not worry about the price of bitcoin but when you invest in something you will want to earn some money but if there are no signs of increasing value then definitely you will be disappointed and may withdraw your money from such place. Bitcoin is the same for all investors these days.

Not days, it's like that for months already. We touched bottom long time ago, from March this year price is holding pretty good, we had few spikes, traders had chances to earn from that, holders are calm price have good stronghold. What I read here on forum is crazy, why would anyone be disappointed if price don't rise a lot, that will not happen over night, we need to wait a long time, for years maybe to see huge price rise. I think that will happen for couple years only, until that moment price will maybe go to 10k dollars, but big maybe, I think we will have this price between 6 and 7 thousand dollars, with occasionally spikes and dips, who spot them will have chance to earn something, for others its good to prepare for long waiting.

No one is certain yet if we have touched bottom or if we still have more room to go down, but from all indications and for the several bounce within the $6k region, we could say bottom has been reached for the mean time, but that does not mean we could still see some other movement that would say otherwise later on in the future.

Sure, at this stage when the market is tending to move sideways and most especially within a descending triangle, it is normal to be very careful of placing any position in the market based on how the market could rapidly react on breakout to any level, so unless you know how to play your cards well, stages like this are always dangerous to trade without using a tight stop loss.

[rickadone]

bitcoin prices have not been experienced lately, there is the price that is most feared is the price reaches the lower level until 6k or more this is what many people fear, we hope that with prices like this is not achieved.

The lower area is most fearful for those who have already invested here in the Bitcoin will be more worried about it. On the other hand new investors will find it heaven to invest freely without any high cost rates as it is well available and affordable on low price.

This cheap price availability made it favorable for new investors and I think that we should not get late because the price has started to increase from yesterday.

If everyone can always consider themselves as a free investor when the market is down like this, I can believe they would not have any course not to enjoy the benefit of the market in the long run. If there gets to be a real demand for bitcoin all these possible manipulations will stop and of course, no whale will want to get burned in such occasions. For now, looking at the way things are, we can say for the short term, we may have reached a bottom, but at the same time, nothing is still guaranteed yet until we have a clear breakout to a direction which is where my sentiment will either change to bullish or remain bearish.

[ShadowBits]

hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
If we break this level most of mining farms have to stop mining or continue to produce at loss...
this would be a really nefarious scenario!!!
who thinks Bitcoin will break psychological 6k level? what could happen then? any opinion or analysis???

If it does happen then maybe some people will have a good way to have a good solution for that. But I know that Bitcoin is really going to be bullish in any moment now since its price is not getting lower at 6k levels below anymore.

[suzanne5223]

bitcoin prices have not been experienced lately, there is the price that is most feared is the price reaches the lower level until 6k or more this is what many people fear, we hope that with prices like this is not achieved.

The lower area is most fearful for those who have already invested here in the Bitcoin will be more worried about it. On the other hand new investors will find it heaven to invest freely without any high cost rates as it is well available and affordable on low price.

This cheap price availability made it favorable for new investors and I think that we should not get late because the price has started to increase from yesterday.

If everyone can always consider themselves as a free investor when the market is down like this, I can believe they would not have any course not to enjoy the benefit of the market in the long run. If there gets to be a real demand for bitcoin all these possible manipulations will stop and of course, no whale will want to get burned in such occasions. For now, looking at the way things are, we can say for the short term, we may have reached a bottom, but at the same time, nothing is still guaranteed yet until we have a clear breakout to a direction which is where my sentiment will either change to bullish or remain bearish.

Yes, the market is still unclear but one thing is certain base on the market fundamental price movement which usually occur every Q4 and the thing is that the market is yet to reach the bottom price cause there will be dump in price at the end of December.

[BitcoinTurk]

hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
If we break this level most of mining farms have to stop mining or continue to produce at loss...
this would be a really nefarious scenario!!!
who thinks Bitcoin will break psychological 6k level? what could happen then? any opinion or analysis???

I think that any level of analysis that can be made due to the current period is risky. Especially in recent days, we can see that there is a constant activity, and that this activity is within certain levels. Of course, it will not be very accurate to determine a new level based on these movements, but we can easily analyze the new psychological and technical supports. Although I don't trust this analysis, I think it's a good thing for the investor to get an idea.