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bengsabeng
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August 04, 2018, 02:23:35 PM |
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the price of bitcoin has dropped to the price of $ 7200, most likely the price of bitcoin will drop below $ 7000. I hope there will be no more bad news so the price of bitcoin can rise again.
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BrewMaster
Legendary
 Offline
Activity: 2114
Merit: 1292
There is trouble abrewing
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August 04, 2018, 02:25:51 PM |
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the price of bitcoin has dropped to the price of $ 7200, it is very likely that the price of bitcoin will continue to fall until the price of bitcoin falls below $ 7000. But I hope that will not happen.
why is it likely? that is the important part where you failed to explain. just like back a couple of days ago during the rise, this is the same. just because price moved a little bit in a certain direction it doesn't mean it will continue fast and big in that direction. as i said before just because it went to $8k it doesn't mean it will go to $50k this fast. |
There is a FOMO brewing...
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Coral27
Newbie
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Activity: 184
Merit: 0
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August 05, 2018, 07:59:56 PM |
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I predict that even though the current bull run appears to be over, that BTC will not be down significantly below $6000.
This prediction is just based on looking at price variations in 2018. $6000 appears to have support.
Note: Don't anyone trust my prediction. I'm just learning more about price movements and making predictions to see to what degree I'm able to predict the market. Or not.
I am neither believing on this nor on others because I know and we all know better that market price of Bitcoin is unstable which varies with its factors whenever the demand or buying rate changes then the Bitcoin price alters in that direction in which buying rate goes. Price has been following different prices in different times so predictions are almost in certain and we should focus on present market to lead ourselves accordingly. |
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bohr
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August 06, 2018, 03:14:20 AM |
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the price of bitcoin has dropped to the price of $ 7200, it is very likely that the price of bitcoin will continue to fall until the price of bitcoin falls below $ 7000. But I hope that will not happen.
why is it likely? that is the important part where you failed to explain. just like back a couple of days ago during the rise, this is the same. just because price moved a little bit in a certain direction it doesn't mean it will continue fast and big in that direction. as i said before just because it went to $8k it doesn't mean it will go to $50k this fast. The market tends to move in different cycles, there is a bullish trend then a bearish trend and then a time where the market does not trend at all, people are expecting to see a bullish trend again but the most likely scenario is one in which this up and down movement continues for years, so I do not expect any kind of big movement in any direction. |
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pooya87
Legendary
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Activity: 3444
Merit: 10555
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August 06, 2018, 04:19:57 AM |
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the price of bitcoin has dropped to the price of $ 7200, it is very likely that the price of bitcoin will continue to fall until the price of bitcoin falls below $ 7000. But I hope that will not happen.
why is it likely? that is the important part where you failed to explain. just like back a couple of days ago during the rise, this is the same. just because price moved a little bit in a certain direction it doesn't mean it will continue fast and big in that direction. as i said before just because it went to $8k it doesn't mean it will go to $50k this fast. The market tends to move in different cycles, there is a bullish trend then a bearish trend and then a time where the market does not trend at all, people are expecting to see a bullish trend again but the most likely scenario is one in which this up and down movement continues for years, so I do not expect any kind of big movement in any direction. bitcoin and the market is not dead for it to stand still with no movement for "years"! that simply is impossible. even during the longest transition phase of bitcoin after the 2013 bubble the "up and down movement" phase only lasted about 6-9 months after reaching the bottom. and that was a special case. before that these phases lasted a lot shorter. |
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geberger
Newbie
Offline
Activity: 84
Merit: 0
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August 06, 2018, 07:46:46 AM |
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I predict that even though the current bull run appears to be over, that BTC will not be down significantly below $6000.
This prediction is just based on looking at price variations in 2018. $6000 appears to have support.
Note: Don't anyone trust my prediction. I'm just learning more about price movements and making predictions to see to what degree I'm able to predict the market. Or not.
I don't think we will reach anywhere close to 6k again. It looks like 7.5k has a ton of support so the bull run should be picking up again soon by the end of the year. Yes that is right that bitcoin price is getting a very strong support at that level and therefore it does not look like that bitcoin price will fellow down below 7000$. I think that the current price is the lowest price for bitcoin and it will not fell down any more. |
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nl247
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August 06, 2018, 11:10:28 AM |
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The first mistake you have actually made is to try to predict the possibility of the future when it comes to a market. Firstly, bitcoin can go for as low as it wants to with no one being able to stop that, and only to take advantage of the opportunity if it suffices. Nevertheless, we have broken and go lower than $6k, so I do not see how that is an impossibility again. It is good you said you are new to the market, and I am sure as time goes on, you will understand that no market is predictable and we only have the trend to follow at our disposal.
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gabmen
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August 06, 2018, 11:44:15 AM |
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I predict that even though the current bull run appears to be over, that BTC will not be down significantly below $6000.
This prediction is just based on looking at price variations in 2018. $6000 appears to have support.
Note: Don't anyone trust my prediction. I'm just learning more about price movements and making predictions to see to what degree I'm able to predict the market. Or not.
I don't think we will reach anywhere close to 6k again. It looks like 7.5k has a ton of support so the bull run should be picking up again soon by the end of the year. Yes that is right that bitcoin price is getting a very strong support at that level and therefore it does not look like that bitcoin price will fellow down below 7000$. I think that the current price is the lowest price for bitcoin and it will not fell down any more. Well i didn't think that was ever a bull run to start with. Though things are not as worse as they were a month or two ago and i think that 7k support will hold, at least for a little while more. |
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henmark
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August 07, 2018, 04:45:27 AM |
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the price of bitcoin has dropped to the price of $ 7200, most likely the price of bitcoin will drop below $ 7000. I hope there will be no more bad news so the price of bitcoin can rise again.
I normally see an element of appreciation in the value of Bitcoin after a fall and right now the phase of recovery has also started so I do not think we will have a fall below $7000 or to $7000 either. The market forces decide the appreciation in the value of any asset in the market. I am of the view that Bitcoin will cross the $10000 value in the month of August and this might accelerate the pace of Bitcoin growth as well as that of economy. |
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newcollegestar
Jr. Member
Offline
Activity: 124
Merit: 2
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August 07, 2018, 07:25:23 AM |
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You can trust prediction but it was better to conduct your own research in order to get legitimate information about the cryptocurrency price in the future.
Firstly, you can't trust any prediction. Secondly, there is no such a thing as 'legitimate information' when it comes to the crypto world. Every detail is highly speculative and not worthy of relying on. If even the traditional experts who really know their own game can't predict the movements of this market, then how are noobs not knowing anything supposed to conduct proper research? It's impossible. If noobs focused more on hodling than trading worthless trash coins they wouldn't keep losing their capital. In stock markets 90% of the traders are losers, which is probably even worse here. I do not want to predict the future value because I believe in looking for benefit only rather than wasting time in making predictions as we know that it took a long time to recover and when we expect the price to go high it falls down on the next day. Expert opinion is also positive about the Bitcoin and they said in terms of all the factors that it will rise above than 30k dollar in the upcoming 5 months. |
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