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Author Topic: [2018-7-4]Crypto Markets Holding Gains, With Bitcoin Above $6,500. .  (Read 39 times)
anamie
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July 04, 2018, 02:18:41 PM
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Crypto markets are relatively stable today, July 4, as data from Coin360 shows, with Bitcoin (BTC) holding above the $6,500 price point. Most of the top coins by market cap are seeing minor gains and losses on the day to pres time.

Bitcoin is trading around $6,752 to press time, up almost 3 percent over the 24-hour period. After a significant uptick starting June 30, the leading cryptocurrency continues to hold comfortably above the $6,300 resistance level, which Fundstrat’s Robert Sluymer earlier this week highlighted as crucial for reversing spring’s downtrend.

Top altcoin Ethereum (ETH) is trading around $477 to press time, up around 2 percent over the past 24 hours. The coin’s weekly high saw it trading at $483, and its gains on the week are now at 8 percent to press time.

https://cointelegraph.com/news/crypto-markets-holding-gains-with-bitcoin-above-6-500
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July 04, 2018, 03:50:30 PM
 #2

I really do not know if this is a good thing or not, I say that because it seems to me that the price is really struggling to exceed $7000 and what I see is a task impossible to realize at the moment.

the leading cryptocurrency continues to hold comfortably above the $6,300 resistance level, which Fundstrat’s Robert Sluymer earlier this week highlighted as crucial for reversing spring’s downtrend.

with so many missed forecasts, it is very difficult to believe these analysts, time will tell if this time they hit this forecast, because we need some increase to give some confidence in people to people do not see bitcoin as something that just falls and falls.


 
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July 04, 2018, 04:29:17 PM
 #3

with so many missed forecasts, it is very difficult to believe these analysts, time will tell if this time they hit this forecast, because we need some increase to give some confidence in people to people do not see bitcoin as something that just falls and falls.

Don't believe anyone thinking to predict this market. It's impossible to be right without it being a lucky shot. The only entities in this market being able to predict this market are those who are responsible for initiating and supporting bull runs. These people however don't publicly state what they think the market is going to do because they want you to be surprised. On top of that, it's even a serious offence to manipulate markets. I only read through predictions and if they don't match with what I have in mind I completely ignore them. My prediction last year (still is today) has been $50,000 before the end of 2020. It doesn't matter when exactly or how, but just before 2020.
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July 04, 2018, 11:29:46 PM
 #4

People everywhere keep talking about how cheap Ethereum is at current levels, but even dumped down I still find it an extremely expensive coin. $46 billion valuation for something only allowing rubbish to function is retarded.

Ethereum's circulating supply hovers well over the 100 million mark and keeps pumping new coins in circulation in a quick fashion, which equals around 10% inflation per year based on its current +100 million circulating supply.

As it is right now, there doesn't seem to be a hard cap implemented, but just some planned upgrades that are meant to level the inflation out to around 1% per year, but that's still +1 million coins per year. We'll see where it ends.
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July 05, 2018, 12:08:16 AM
 #5

I really do not know if this is a good thing or not, I say that because it seems to me that the price is really struggling to exceed $7000 and what I see is a task impossible to realize at the moment.

the leading cryptocurrency continues to hold comfortably above the $6,300 resistance level, which Fundstrat’s Robert Sluymer earlier this week highlighted as crucial for reversing spring’s downtrend.

with so many missed forecasts, it is very difficult to believe these analysts, time will tell if this time they hit this forecast, because we need some increase to give some confidence in people to people do not see bitcoin as something that just falls and falls.



It doesn't really matter what's happening with the price now, there can be many scenarios, but in the long run they will lead to the same result - Bitcoin will go up again, unless something big and unexpected happens  (which is very unlikely).

As for predictions, a lot of them are probably just shilling, so I wouldn't pay much attention to them. And a lot of people don't think that Bitcoin is going to crash to the ground, they just want to be sure they are buying at the bottom or after the bottom, and for now it's too early to say that we have seen it or passed it.

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