Calling bottom in September 2018

[Diablomania]

I think that we hitted the bottom during the last month when there was a flash dip and the price touched less than $5600 (correct me if i am wrong) but this was the bottom for me, i dont think that we are going to go deeper  than that

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[Kylapoiss]

here you go, have a merit for your honesty
anyways in 2015 the price had reached the bottom between $200 and $250, there is always some fluctuations in the market so t here is a range of price as the bottom, mostly at $220 though. and the drop that happened was a one time short lived dump that pushed the price to $150 for a couple of hours only before it jumped back up. it was done to test the strength of the buy support by some whale and the fast jump back proved the accumulation that was happening back then.

Cheers for the merit mate!

Is it copyrighted by you? So I can use the name in the future, as I'm probably going to use that phrase again.

I remember the 2015 dip, was watching it live on my phone (I think it went to $144 in bitstamp) and telling some friends that it was a really good time to buy, only one of many listened unfortunately. Let's hope I'll see a big dip this time too and can buy some cheap coinz I'm gambling a bit atm, keeping my fiat ready to buy some in the 3xxx area.

Buying at bottom or selling at ATH is like winning jackpot. You, me and no one else on this forum won any jackpots so far.  It is waste of time to fell bad that you did not sold at ATH or buy at bottom. You will just worry for nothing.

Oh, don't worry, I won't feel bad if I can't sell the peak or buy the dip, if my prediction fails I just spend the fiat for more expensive coins, that's all. So I'm not worrying at all, I just have a gambler spirit and I like to test my own theories out, trying to be subtle makes things more interesting. Being too balanced is boring. And boring is just, boring.

[Febo]

I think that we hitted the bottom during the last month when there was a flash dip and the price touched less than $5600 (correct me if i am wrong) but this was the bottom for me, i dont think that we are going to go deeper  than that

That of course can be possible, but I give little chances to that. If you just look the opinion on this forum and see people still calling 20k Bitcoin til end of the year you see we are far from the despair that happen around bottom.

[BitBite5]

Bitcoin price is hard to predict and all scenarios are possible, from very high to very low but to my opinion September shouldn't be so critical for bitcoin.
No matter that some are saying to my opinion bitcoin price will not go under 5500$ but I don't expect some biger rise copmared to current situation either.

[XinXan]

In the records of the past two years it shows similar activity by 2016-2017 so we are eurrently suggesting people to invest now before it's too late. If you're gonna trade then why put it all on btc since your risking it why not risk big after all bitcoin has a potential and has a solid standing throughout the web.

Not really. Considering how much the crypto space has changed, looking at the past is not necessarily a good idea. This whole market is too new and still growing, everything is still quite unpredictable. So far the bulls have shown some strength short term, it doesn't mean the bottom is 100% set but it looks more likely now than before.

We had 5 bitcoin cycles so far. I dont believe that now from a sudden that will end. I am positive we will have at last two more Bitcoin cycles. How strong and how long will be we can learn from past. But again we can only guess and cant be sure. We can just predict some events with higher possibility then others.

What cycles? Going up and down is not exclusive to bitcoin, all the markets have up and down cycles. As I said, looking at the past isn't always great in the crypto market, a few months can be useful though. Right now bitcoin looks weaker again but I think it's going to set a higher low daily and then perhaps a lower high and a break from there, as I said the bottom might be lower than 5750$

[Febo]

In the records of the past two years it shows similar activity by 2016-2017 so we are eurrently suggesting people to invest now before it's too late. If you're gonna trade then why put it all on btc since your risking it why not risk big after all bitcoin has a potential and has a solid standing throughout the web.

Not really. Considering how much the crypto space has changed, looking at the past is not necessarily a good idea. This whole market is too new and still growing, everything is still quite unpredictable. So far the bulls have shown some strength short term, it doesn't mean the bottom is 100% set but it looks more likely now than before.

We had 5 bitcoin cycles so far. I dont believe that now from a sudden that will end. I am positive we will have at last two more Bitcoin cycles. How strong and how long will be we can learn from past. But again we can only guess and cant be sure. We can just predict some events with higher possibility then others.

What cycles? Going up and down is not exclusive to bitcoin, all the markets have up and down cycles. As I said, looking at the past isn't always great in the crypto market, a few months can be useful though. Right now bitcoin looks weaker again but I think it's going to set a higher low daily and then perhaps a lower high and a break from there, as I said the bottom might be lower than 5750$

The Bitcoin cycles. Reaching ATH and then Bottom and again ATH and bottom. Is quite simple, those were 2 cycles.  I would get to bored now to go search for dates of this cycles. But there were 4. Or even more if you count the ones before 2011. Now we are in 5th....

[Maximo1]

I think that we hitted the bottom during the last month when there was a flash dip and the price touched less than $5600 (correct me if i am wrong) but this was the bottom for me, i dont think that we are going to go deeper  than that

I hope that you are right. It is almost end of the year now and we expect bitcoin's value to go high the same as last year but as they say nobody knows what the future will be.

[Malaya]

I guess no one in this forum can really tell the actual thing that will happen with bitcoin. We can make the track of bitcoin in the past few years as a basis of what will happen this year, but it doesn't necessarily mean that it will be the same. The bitcoin will recover from the crash that happened for sure. Hoping by the end of this year, so it is the best time to buy more.

[BitHodler]

The Bitcoin cycles. Reaching ATH and then Bottom and again ATH and bottom. Is quite simple, those were 2 cycles.  I would get to bored now to go search for dates of this cycles. But there were 4. Or even more if you count the ones before 2011. Now we are in 5th....

It will be interesting to see what the next bull run will look like, especially because of how likely it is that institutional investors will be fomo'ing with the retail market. It could turn out to be the biggest bull run we have ever seen.

We could potentially see another bull run this year with an ETF approval, and somehow I'm sure that it's not a matter of will an ETF ever get approved, but a matter of will it happen this or next year.

And that's just the first ETF. Eventually there is room for dozens of them, all competing with each other for volume. Bitcoin's spot market will become less relevant just like how that is with gold and other assets.

BitMEX for example already accounts for like 25-50% of Bitcoin's trading volume.

[edisystem]

So the recovery will start on the next year on April ? Uh, I don't like that, that such a long time to wait. I hope the price of bitcoin can really move up in the rest of the month in this year, at least back to $10k per bitcoin again in this year.

[Ansdaoust6]

here you go, have a merit for your honesty
anyways in 2015 the price had reached the bottom between $200 and $250, there is always some fluctuations in the market so t here is a range of price as the bottom, mostly at $220 though. and the drop that happened was a one time short lived dump that pushed the price to $150 for a couple of hours only before it jumped back up. it was done to test the strength of the buy support by some whale and the fast jump back proved the accumulation that was happening back then.

That is a quite recognisable bottom when it goes to that spike down but its just like ritcher scale movement not really a sustained move.    At some point traders or whoever moves a large amount, it could be a collective recognition also, they see that low as a rejection and it becomes a buying point.    Same kind of deal to a spike up but it falters quickly, that becomes a trade short for some

In 2015 the market cap was too low and mostly people didn’t trust bitcoin because it was new for them. But now the situation is different and people are aware of cryptocurrency and the importance of bitcoin. It is a fact that whales affect bitcoin price but still people want to buy more and more and when the market capital increases the price automatically increases.

[puremage111]

I have no ideas what price will be. I dont really care much about that but while comparing last bitcoin cycle with this cycle (at least what we saw so far) I do believe bottom will happen in upcoming September.

This is start of last Bitcoin cycle in 2014                                                                                                                                         and this is what we have so far in this cycle:



You can notice that this cycle is a bit faster. Approximately by 40%.  Placing this factor to the other data of previous bitcoin cycle I got to month of current cycle bottom and that will happen in September.  Recovery should start in April 2019. 

So basically we will have almost a year of cheap Bitcoins. Cheapest you will ever get. Do not blew this lifetime chance. It is there for whole year.


And I got this two charts here: https://www.reddit.com/r/Bitcoin/comments/8up21s/my_prediction_take_it_or_leave_it_trading_view/

Thanks for sharing on this
And as what people tend to said it all time
"Trend always repeats based on the history"
Even not a 100% duplicate of chart but there's some psychology factor there

Theres where we see people predict Bitcoin to go over beyond $30,000, up to $60,000 and more

[1Referee]

Below price $5000? aint gonna happen

It's unlikely, but not impossible.

there are a ton of walls in the market that will really pump the price of the bitcoin back to 5500 though it is possible that it will dump with that price.

Walls? Buy walls? Whatever it is that you are referring to, other than the few potential support levels that you can look at, and hope that they will actually turn out to be that, there is nothing that will keep the price above $5000 if the market really goes for it. I personally don't think it will dip under $5000 but we can't take anything for granted in this market.

But demand is getting higher right now also Ber months is coming which the bitcoin price also getting higher and giving us a early christmas gift to everyone who has a bitcoin.

Demand on exchanges has only been decreasing, while the real demand (capital), is flowing into this market through the OTC channels. Unfortunately for people, OTC demand doesn't reflect the price on the regular exchange market, unless the OTC market dries up completely and the demand shifts back to exchanges.

[--DarkSecrets--]

I have no ideas what price will be. I dont really care much about that but while comparing last bitcoin cycle with this cycle (at least what we saw so far) I do believe bottom will happen in upcoming September.

This is start of last Bitcoin cycle in 2014                                                                                                                                         and this is what we have so far in this cycle:



You can notice that this cycle is a bit faster. Approximately by 40%.  Placing this factor to the other data of previous bitcoin cycle I got to month of current cycle bottom and that will happen in September.  Recovery should start in April 2019. 

So basically we will have almost a year of cheap Bitcoins. Cheapest you will ever get. Do not blew this lifetime chance. It is there for whole year.


And I got this two charts here: https://www.reddit.com/r/Bitcoin/comments/8up21s/my_prediction_take_it_or_leave_it_trading_view/

Thanks for sharing on this
And as what people tend to said it all time
"Trend always repeats based on the history"
Even not a 100% duplicate of chart but there's some psychology factor there

Theres where we see people predict Bitcoin to go over beyond $30,000, up to $60,000 and more

I wouldn't believe in that history because its different from this years.

If we based on a faster movement because it is a short faster movements in downtrend and by August there is a pump and in September probably he's right its another downtrend and searching for much lower bottom.

[StImelda]

It is true we see this pattern in bitcoins,but i kind of think it will not have a repeat this year, a lot of factors have changed considerably over the course of time.We are seeing bitcoin moving closely into government regulations and the likes.I am sure we will be bullish soon

[sindikat]

It is incorrect to compare 2014 and 2018. Now the market is a completely different situation. In 2014, bitcoin was not in the hands of large capital. The big money was just coming in in bitcoin. There was no total control over the use of cryptocurrencies. Many people believed that bitcoin can become an Autonomous currency. But now these moods are fading and the capital is leaving bitcoin.

[ShineftChaos]

I think that we hitted the bottom during the last month when there was a flash dip and the price touched less than $5600 (correct me if i am wrong) but this was the bottom for me, i dont think that we are going to go deeper  than that

I believe that the market price will start to pump up again because the market price last year is still down to $3k dollars when it was september and it was just starting to pump up at that time so we can expect a higher price before the year ends.

[Febo]

The Bitcoin cycles. Reaching ATH and then Bottom and again ATH and bottom. Is quite simple, those were 2 cycles.  I would get to bored now to go search for dates of this cycles. But there were 4. Or even more if you count the ones before 2011. Now we are in 5th....

It will be interesting to see what the next bull run will look like, especially because of how likely it is that institutional investors will be fomo'ing with the retail market. It could turn out to be the biggest bull run we have ever seen.

We could potentially see another bull run this year with an ETF approval, and somehow I'm sure that it's not a matter of will an ETF ever get approved, but a matter of will it happen this or next year.

And that's just the first ETF. Eventually there is room for dozens of them, all competing with each other for volume. Bitcoin's spot market will become less relevant just like how that is with gold and other assets.

BitMEX for example already accounts for like 25-50% of Bitcoin's trading volume.

I believe the strength of bull market is influenced of how long cycle of recovery were. So if we will have 40% faster cycle then next bull market will not be as strong as 2017 bull market was that was quite strong since price exceed previous ATH for more then 16 times.  But yes, this is not only factor. But i still believe that x16 over past ATH price increase will not happen.

It is incorrect to compare 2014 and 2018. Now the market is a completely different situation. In 2014, bitcoin was not in the hands of large capital. The big money was just coming in in bitcoin. There was no total control over the use of cryptocurrencies. Many people believed that bitcoin can become an Autonomous currency. But now these moods are fading and the capital is leaving bitcoin.

Yes the price now is $5000 and back then was $500. That is huge difference. But that dont change that Bitcoin moves in cycles as it already did 5 times.

[feelivent]

To be honest, i dont think that the price will go lower than what we have already achieved during the last few weeks, so i think that it all will remain just like this (going up at some times) but it all will depend on the FUD and HYPE that is on the market

Yeah you are right. There is no sign for so much dip in the price in the coming months. Now the price is on the way upwards and we will see little or no dip in the price anymore. I am saying this in the light of previous predictions which were all become wrong and the facts were different than that. There will be some corrections at different stages but overall the price will grow.

[choychoy]

All are speculation and this will somehow trigger to a good price if people will start buying bitcoin. Although this year has many bad news about cryptocurrency that cause a massive selling on some regions but I'm still optimistic that we can have another good rally for this year.