Have we hit the bottom? I think so.

[akunate]

I think we have hit the bottom ($5800-$6000) but we can hit it again and again, long term investors buy at these prices but it is much more important for traders.

why dont we hit under $5800

[richardsNY]

I think we have hit the bottom ($5800-$6000) but we can hit it again and again, long term investors buy at these prices but it is much more important for traders.

why dont we hit under $5800

That's a question no one here can answer. The thing is that we at this point can go up or down as easily, where most people here would even say that the sentiment has more bias towards the bearish side. I personally believe that we're up for a mild recovery considering how much the price has gone down. I don't think it's enough to breach $7000 yet, but it at least would give people a bit more confidence, which is something they are lacking right now. As I said, it could go either way, so take everything you read here with a grain of salt -- at all times make sure you do your own research if you plan to start buying.

[Reid]

Okay. That was a good one.
In regards with the question though. I dont think this is the bottom. We may experience a lot more dips if the panic wont be stopped. This is one good way to stop it.
Give them great news. Occupy their time and do not let them look at the price even for just a day.
We can minmize the sellers even if it reaches just small holders. It will still be an impact.

[Koro-Sensei]

Hitting the bottom? bottomed out? around the bottom? good chance to buy? buy a dip? long term investment? keep holding? don't panic sell and so on. Bla bla... let's the market makers do their jobs and please don't predict the whale's action because it's useless to give any reasonable explanations at the moment.

Yeah no one's sure about it unless they have some multi billionaire to invest on bitcoin that could be a large manipulation. Predictions are just prediction those who risk are the ones who triumph at the end of the day you wouldn't know what it is until you try.

[Yaunfitda]

Okay. That was a good one.
In regards with the question though. I dont think this is the bottom. We may experience a lot more dips if the panic wont be stopped. This is one good way to stop it.
Give them great news. Occupy their time and do not let them look at the price even for just a day.
We can minmize the sellers even if it reaches just small holders. It will still be an impact.

Yep, personally we have see another bottom but we really don't know when it will be because that's how everything works. Negative news brings the worst out of everything to all of us, some panic decided to just sell contributing to bleeding and free fall we have been seeing in the last 6 months. But give them a great news and you will see that it can bounce back in just a matter of days. Again, this is how everything works so we don't really care if it has bottom or not because we all know that it can recover.

[yanto@1977]

A brand new Bitcoin and Cryptocurrency podcast that is focused on trading and investing. Hosts interview guests and discuss the latest news in the markets. With experienced traders including an ex-JP Morgan hedge fund manager to talk Bitcoin and big picture moves. Are the latest moves all manipulation or just demand driven? Is the latest SEC statement on Ethereum positive for the markets? When will Bitcoin see all-time highs again? Do Bitcoin Futures manipulate the market? Bitcoin ETFs maybe?

Up until early 2016, there was only one choice for holding cryptocurrencies, Bitcoin. From there, the marketplace has exploded. In this episode, they discuss constructing your portfolio and how to gather the proper information to make informed investments and trades.

Latest episode on SoundCloud - https://soundcloud.com/buy-or-sell-what-the-hell/have-we-hit-the-bottom-what-projects-are-exciting-developers-28

Is there some interest in a solely trading and investing crypto podcast? No bullshit, just talking markets.

Give it a shot and let me know what you guys think!

Many people say this is the bottom and they should buy back to recovery asset and make higher profit.They don't see the hole market, at this time market has slow moving price and if you buy back now your money will stuck, very bad idea. You should wait and analyze again and only suggest leave the market now, it safe for you.

[panjay]

i am not sure we hit the bottom yet, the saltiness of people in the twitter is real, people in the phase of angry of depressed, we get there's, slowly bleeding.

[sedahan13]

Current price is level suport of BTC and my prediction from this level price, BTC ready to going up to the all the times high again. BTC community still strong and the price should be not going down more. Bitcoin and blockchain technology will keep in development to give more benefits to the community, and the demand also will increasing.

[AnonBitCoiner]

There is nothing bottom line in bitcoin,the price of Bitcoin reduced to new low value.Now the price again reduced to 6000$.In a interval of two days the price is reduced again.I think this occur often in this month. I had guessed the price will reach new high value in this month.But it not happened.

[Nerman]

I really think that the price we are in right now is the bottom. This $6,000 support level is standing strong , also this support level have been tested multiple times. If you are planning to invest on bitcoin this is the best  price recently, you can consider Bitcoin is on fifty percent sale.

[Nisharawal]

I think from past few months of price action many whales and traders have failed to predict the market trend because the markets price action has been very difficult to predict and the trending behavior varies from market to market. Right now the bottom has been hit or not its very difficult to predict because the fundamental is indicating very bad and weaker conditions and the technicals are not supporting or mismatching with the fundamentals. The best way is just to follow the trend and just follow the market what it does and then trade your positions accordingly.

[hasemase]

I think either way we see a bottom with a BIG bounce eg from 4500 to 5500 or we see a prolonged consolidation (for a few weeks) at the bottom. We are not far from the bottom tho.. you rather wanna be mid term bullish than bearish here

[JRMtrader]

I think either way we see a bottom with a BIG bounce eg from 4500 to 5500 or we see a prolonged consolidation (for a few weeks) at the bottom. We are not far from the bottom tho.. you rather wanna be mid term bullish than bearish here

That could be the case but from a risk management perspective, there is no reason to predict that. Support is holding here and you need to play what is happening on the chart right now.

[entrepmind23]

That could be the case but from a risk management perspective, there is no reason to predict that. Support is holding here and you need to play what is happening on the chart right now.

If you are a short term trader then you can play the fluctuations from time to time. The bottom may have been already hit or the price may go down again but seeing the volume now wherein there seems to be exhaustion already from both sides, price may be in consolidation and in a few days or few weeks time, price may have signs of being bullish. There is a bullish divergence though which is a good sign of being bullish but then we cannot just depend on technical analysis alone because a lot of things that may happen which would trigger the price to dip more.

I can see the wall street chart from time to time and some of the crypto enthusiast that I follow and trust believe that we are already in the depression stage heading to disbelief and would eventually lead to new market cycle. I hope so that that would be the case.

[strongwarrior238]

A brand new Bitcoin and Cryptocurrency podcast that is focused on trading and investing. Hosts interview guests and discuss the latest news in the markets. With experienced traders including an ex-JP Morgan hedge fund manager to talk Bitcoin and big picture moves. Are the latest moves all manipulation or just demand driven? Is the latest SEC statement on Ethereum positive for the markets? When will Bitcoin see all-time highs again? Do Bitcoin Futures manipulate the market? Bitcoin ETFs maybe?

Up until early 2016, there was only one choice for holding cryptocurrencies, Bitcoin. From there, the marketplace has exploded. In this episode, they discuss constructing your portfolio and how to gather the proper information to make informed investments and trades.

Latest episode on SoundCloud - https://soundcloud.com/buy-or-sell-what-the-hell/have-we-hit-the-bottom-what-projects-are-exciting-developers-28

Is there some interest in a solely trading and investing crypto podcast? No bullshit, just talking markets.

Give it a shot and let me know what you guys think!

I think this is a market without peaks and no bottom, can see that bitcoin girls are constantly falling and if the $ 6000 level is broken then the bitcoin price will fall to the 5000 mark $. The market is in crisis and the bitcoin bubble has broken and I believe that by the end of 2018 bitcoin prices will probably fall back to the $ 1000 mark.

[pey]

I think the bottom is below $5400 this is why the market has not bounced up yet, you can easily see bulls do not push the market up right now, it will go to below $6000

[MedicineVNT]

We still do not know what the bottom altcoin is going to be or whether there are other milestones we should know or you may have other great things going on around you that are asking for them.

[JRMtrader]

A brand new Bitcoin and Cryptocurrency podcast that is focused on trading and investing. Hosts interview guests and discuss the latest news in the markets. With experienced traders including an ex-JP Morgan hedge fund manager to talk Bitcoin and big picture moves. Are the latest moves all manipulation or just demand driven? Is the latest SEC statement on Ethereum positive for the markets? When will Bitcoin see all-time highs again? Do Bitcoin Futures manipulate the market? Bitcoin ETFs maybe?

Up until early 2016, there was only one choice for holding cryptocurrencies, Bitcoin. From there, the marketplace has exploded. In this episode, they discuss constructing your portfolio and how to gather the proper information to make informed investments and trades.

Latest episode on SoundCloud - https://soundcloud.com/buy-or-sell-what-the-hell/have-we-hit-the-bottom-what-projects-are-exciting-developers-28

Is there some interest in a solely trading and investing crypto podcast? No bullshit, just talking markets.

Give it a shot and let me know what you guys think!

I think this is a market without peaks and no bottom, can see that bitcoin girls are constantly falling and if the $ 6000 level is broken then the bitcoin price will fall to the 5000 mark $. The market is in crisis and the bitcoin bubble has broken and I believe that by the end of 2018 bitcoin prices will probably fall back to the $ 1000 mark.

Yeah, that COULD happen but there is no reason to expect it. You manage your risk right and there is more reason to believe the bottom will hold then it won't

[LuciferEveningStar]

A brand new Bitcoin and Cryptocurrency podcast that is focused on trading and investing. Hosts interview guests and discuss the latest news in the markets. With experienced traders including an ex-JP Morgan hedge fund manager to talk Bitcoin and big picture moves. Are the latest moves all manipulation or just demand driven? Is the latest SEC statement on Ethereum positive for the markets? When will Bitcoin see all-time highs again? Do Bitcoin Futures manipulate the market? Bitcoin ETFs maybe?

Up until early 2016, there was only one choice for holding cryptocurrencies, Bitcoin. From there, the marketplace has exploded. In this episode, they discuss constructing your portfolio and how to gather the proper information to make informed investments and trades.

Latest episode on SoundCloud - https://soundcloud.com/buy-or-sell-what-the-hell/have-we-hit-the-bottom-what-projects-are-exciting-developers-28

Is there some interest in a solely trading and investing crypto podcast? No bullshit, just talking markets.

Give it a shot and let me know what you guys think!

In my own opinion, the market price today of cryptocurrency or bitcoins is still high because it was down to $2k dollars last year so investing right now is still decent enough in order to earn more profit in the future.

[Indrawan77]

I think we are still in vulnerable state, and from the chart still show that there is possibility that bitcoin could fall down deeper, and with the negative news, it certainly make bitcoin chances to fall down still big, so we haven't hit the bottom yet, and maybe within this market situation possibility of bearish market is bigger than bull market