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Author Topic: Bitcoin price resilience  (Read 242 times)
bombie1
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July 28, 2018, 01:19:44 PM
 #1

Following the rejection of BTC/ETFs this week,bitcoin price fell by $400 which sent the price a little below $8000 .Many started the normal panic thing,today,I woke up only to discover that BTC has strongly hit 8.2k .This made my day as the price is telling us that BTC has greater potentials than what the SEC is thinking. I know one day the ETFs will be a reality.Sooner than we expect.Long live BTC and crypto.
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jayyen
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July 28, 2018, 01:45:46 PM
 #2

Lately,BTC price movement is very impressive. Despite the rejection, investors are very positive about the industry and future prospects and to me that is more success than higher prices,Once everyone is positive and believe in the power of BTC and cryptocurrency,we will conquer the world and btc will be a daily currency in the market,grocery shop,cinema etc.
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July 28, 2018, 02:21:31 PM
 #3

Yes, I have a potiental thinking about Bitcoin too.
This is a time for Bitcoin comebank, I think so. Look at it's price in recently so I sure that the Bitcoin price will increase soon.
I guess Bitcoin price will reach $8500 in one or two next day Smiley
Remember my guess, haha Tongue
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July 28, 2018, 02:35:09 PM
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bitcoin has shown resilience towards negative indicators and factors that could led the bitcoin price to plunge below the 3,000$ mark instead.
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July 28, 2018, 02:53:36 PM
 #5

Following the rejection of BTC/ETFs this week,bitcoin price fell by $400 which sent the price a little below $8000 .Many started the normal panic thing,today,I woke up only to discover that BTC has strongly hit 8.2k .This made my day as the price is telling us that BTC has greater potentials than what the SEC is thinking. I know one day the ETFs will be a reality.Sooner than we expect.Long live BTC and crypto.

Until now we had many such ''bad'' news in crypto world and btc price drop a lot.
I think that most people in ''panic'' mode already gave up from bitcoin and crypto and moved to some other ''big'' thing.
So, I really think that bitcoin price drop enough and that now we will see full recover of btc price soon.
People (who stayed) don't panic any more (as before, in the beginning of year), have more realistic expectations, see btc as long term investment possibility and they are wiling to hold and wait how long is necessary.

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July 28, 2018, 05:31:38 PM
 #6

Bitcoin is taking over and there is not much to stop it.  It just needs more time that's all.  TO get the ordinary man to switch from paper to crypto is no small feat.  A lot of people in the world cannot read so there is a big challenge.

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July 28, 2018, 11:17:40 PM
 #7

more and more bitcoin users are well informed and resistant to FUD now
they become more confident on bitcoin investment and not easily panic when reading negative news
people get smarter and start using common sense rather than simply following FUDs Cool

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July 29, 2018, 02:33:09 AM
 #8

Now it's time for the BTC to return, maybe in the next two weeks, the price of BTC will be up to $ 10000. I know, but I do not have enough capital to invest in this coin. I am very poor.
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July 29, 2018, 02:42:22 AM
 #9

this wasn't a rejection of the hyped up ETF, it was the Winklewoss ETF which was rejected. you can follow the news online, i don't really follow it to give you more details than this.
and the drop was just a newbie panic sell because they heard some FUD about it and thought the end of the world was coming to them like they always do and the result was a small loss for them this time because the dip was a tiny one so they could still buy back if they wanted.
in any case the rise will continue even if all the ETFs are rejected. we will just see some short lived drama.

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July 29, 2018, 03:10:18 AM
 #10

Yes it is, for the price is resilience that's why we must keep on believing on it. Though there are negative news about bitcoin but it is in our selves how bitcoin inspires many people.

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July 29, 2018, 03:23:27 AM
 #11

Following the rejection of BTC/ETFs this week,bitcoin price fell by $400 which sent the price a little below $8000 .Many started the normal panic thing,today,I woke up only to discover that BTC has strongly hit 8.2k .This made my day as the price is telling us that BTC has greater potentials than what the SEC is thinking. I know one day the ETFs will be a reality.Sooner than we expect.Long live BTC and crypto.

We have been doing well even without the ETF and that ETF being rejected a few days ago is not the "big one" that we all have been waiting for.  What we are waiting for is the CBoe ETF proposal which is due for approval/rejection somewhere in August. That's why when the price declined, it has recovered nicely. But you need to wait up until the critical days leading to the CBoe application, I'm sure if ever we get a bad news bitcoin will live but we might felt panic if the proposal is rejection. But then, it will be short-lived and Bitcoin will bounce back again.

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Andrea23
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July 29, 2018, 03:31:19 AM
 #12

Yeah BTC will keep on holding on. BTC won't die easily. It was the first crypto coin and may last a long time before it dies (if it does). I was surprised how it dropped as soon as it was rejected by ETF and the next couple days later it just kept going up steadily. Looks like a promising time to invest into it.
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July 29, 2018, 03:31:28 AM
 #13

It's been pretty great to see bitcoin holding 8k up, (besides a slight dip the other day).  How long before it crosses the 50% dominance threshhold?
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July 29, 2018, 03:48:05 AM
 #14

The price of bitcoin rising in july, the bitcoin price which has been on a declining trend for several months and this rise for crypto investors is morale. I guess that the rising will continue and that the altcoins will be reflected in the price as well.

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July 29, 2018, 03:53:24 AM
 #15

every FUD will only make the bitcoin fall for a while. and we must be patient for this condition.

The SEC has a purpose to minimize the risk of crypto, but I think rejecting ETF is a mistake, and that's not the solution.

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July 29, 2018, 04:11:45 AM
 #16

Following the rejection of BTC/ETFs this week,bitcoin price fell by $400 which sent the price a little below $8000 .Many started the normal panic thing,today,I woke up only to discover that BTC has strongly hit 8.2k .This made my day as the price is telling us that BTC has greater potentials than what the SEC is thinking. I know one day the ETFs will be a reality.Sooner than we expect.Long live BTC and crypto.




Yes, thats right that is why i keep believing on it because btc is such and amazing coin, remember btc will always surprise us just believe on it and dont listen to those fake news,lets hope for the best of bitcoin,keep holding and believing.
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July 29, 2018, 07:04:07 AM
 #17

It's been pretty great to see bitcoin holding 8k up, (besides a slight dip the other day).  How long before it crosses the 50% dominance threshhold?

there is no such thing as "50% dominance" what you are referring to has nothing to do with dominance but it is simply market cap of bitcoin which is a meaningless number compared to the total market cap of about 1800 altcoins. and it will go down as long as new altcoins are growing like mushrooms out of thin air and will go up as soon as these useless altcoins meet their inevitable doom and join about 4000 other altcoins in the graveyard.

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July 29, 2018, 07:09:03 AM
 #18

I do think so too that ETFs do not have much effect on bitcoin with its failures, and I still strongly believe in the future of rising bitcoin prices.

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July 29, 2018, 07:15:54 AM
 #19

I still believe that the bitcoin will remain strong in the face of its obstacles, with the lack of influence of the ETF with the bitcoin price I think is enough to see the power of bitcoin.
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July 29, 2018, 07:25:02 AM
 #20

many bitcoin predictions will rise again from mid-2018, so if you panic then the defeat and loss is on your side.
if you stay calm and wait, luck is waiting for you.
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