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Author Topic: Dangerous price area  (Read 1627 times)
BitcoinTurk
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September 28, 2018, 05:01:49 PM
 #141

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.
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September 29, 2018, 08:53:05 AM
 #142

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.
That is always the idea that comes with trading and though not everyone can do and some cannot even do it right, there are so many people making use of the knowledge to increase their positions in the long run. So far, the possibility of the market going up or down is still very much there and there is nothing we can really do now than to just chill and wait to see how events would unfold in the long run.

Nothing is guaranteed, and for those who may want to go long, that would be a hard decision to make now, when the market could still be hit by the bears. We may have had $6k holding for a while, but when tested again, which is bound to happen as long as we are still inside a descending triangle, we can end up breaking down lower.
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September 30, 2018, 03:12:28 PM
 #143

I think the dangerous price is when the market value is decreases lower than fifty percent.
Because from this it is very alarming most especially when it happens very quickly. We should be alarm from this and be alert in order not to suffer in huge loss which is a big nightmare for all of us.
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September 30, 2018, 04:04:36 PM
 #144

i think it will break at 6k. but anyway it's will green again. too hard to die.
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October 01, 2018, 09:57:24 AM
Merited by wuvdoll (1)
 #145

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

We are currently in an indecisive state at the moment and nothing really can be known yet as to how the market would end up tending in the long run. For now, all we can do is to just watch and see how things would be within this area before even deciding to make any serious market move at all and anything done within this range will be risky. However, it all depends on the way each individual may want to look at it, but for someone going long, they can always decide to go in at any point.

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October 01, 2018, 10:13:07 AM
 #146

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

We are currently in an indecisive state at the moment and nothing really can be known yet as to how the market would end up tending in the long run. For now, all we can do is to just watch and see how things would be within this area before even deciding to make any serious market move at all and anything done within this range will be risky. However, it all depends on the way each individual may want to look at it, but for someone going long, they can always decide to go in at any point.
every trader has a different style of trading, at a time like this what i do is keep calm and hold for long term. we can see it looks like a new market is coming out of an alarming zone. and now we can see prices rising again

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October 02, 2018, 05:47:56 AM
 #147

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.
How many months have you seen bitcoin breaking the $6800 point? Grin That was just recently and the only thing we have tested severally now for a very long time is the $5800 - $6000 support which I believe even though has been holding does not mean we still cannot get the possibility of it being driven down hard if it breaks lower. Being in a dangerous area is more like saying we are in an indecisive area with the market trying to find a direction and at this point, it is always risky trading the market without some tight stop loss as the case may be.

it all depends on the way each individual may want to look at it, but for someone going long, they can always decide to go in at any point.
Yes, these dangerous zones are only for short term players and as you just mentioned I never worry about the bitcoin's current range bounded trading. I hope it will break these dangerous price area and will go up. It is October and we may expect something new from now onward.

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October 03, 2018, 10:04:10 AM
 #148

I think the dangerous price is when the market value is decreases lower than fifty percent.
Because from this it is very alarming most especially when it happens very quickly. We should be alarm from this and be alert in order not to suffer in huge loss which is a big nightmare for all of us.
That would be a dangerous indicator and not a dangerous price. A 50% loss in price would mean a huge amount of market capitalization being dumped and cashed out. It would only mean that some big whale or a bunch of whales have sieved off their money from the market and moving it elsewhere. You might also see this if some news is made - but that news would be having a huge impact and thats tough to think of.

In any of these cases its not possible that the price will remain low. It will be a good point of entry for some people and they will buy in. When someone sells another person buy. Thats how the market works.

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October 04, 2018, 07:29:16 PM
 #149

i think it will break at 6k. but anyway it's will green again. too hard to die.

I hope, Bitcoin will never fall lower than 6 thousand because IF it happens, the rolling down can go on. I guess that BTC price should be only gaining in future.

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October 04, 2018, 07:40:23 PM
 #150

I think the dangerous price is when the market value is decreases lower than fifty percent.
Because from this it is very alarming most especially when it happens very quickly. We should be alarm from this and be alert in order not to suffer in huge loss which is a big nightmare for all of us.
That would be a dangerous indicator and not a dangerous price. A 50% loss in price would mean a huge amount of market capitalization being dumped and cashed out. It would only mean that some big whale or a bunch of whales have sieved off their money from the market and moving it elsewhere. You might also see this if some news is made - but that news would be having a huge impact and thats tough to think of.

In any of these cases its not possible that the price will remain low. It will be a good point of entry for some people and they will buy in. When someone sells another person buy. Thats how the market works.
People do only focus out on price increase without even realizing or making theirselves prepare on price decrease.They do focus too much and now they are saying things about dangerous price which we know that price percentage decrease too deep is rather a dangerous indicator instead but still we cant do anything about it yet no one can able to stop the market or into those sellers who do secure out their funds specially on bigger players but as we all know bitcoin wont die to early for sure.


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October 04, 2018, 09:54:09 PM
 #151

It seems to me that we are now experiencing a buffer zone for the coin market prices. Also, its possible the price will go up soon to fulfil the expectation in a way but not as high as it did last year.

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October 05, 2018, 09:41:02 AM
 #152

People do only focus out on price increase without even realizing or making theirselves prepare on price decrease.
Thats the young blood who wants to get into the bitcoin badwagon before its too late and takes off. Basically the get-rich-quick people who dont understand or try to understand the technology and ideology behind bitcoin and its usage. Even if prices drop this does not mean a coin is dead but they fail to understand it.

It seems to me that we are now experiencing a buffer zone for the coin market prices. Also, its possible the price will go up soon to fulfil the expectation in a way but not as high as it did last year.
Its recovery but it has been playing around the same price level for some period of time. We see the small uptrends and then downtrends. Most of them are not crossing the 6500$-6700$. Means there is support but their also resistance to cross this level. The touching of 7k$ will take a hell lot of time if this trend continues for a few more weeks.

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