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Author Topic: Bitcoin Shows Resilience  (Read 256 times)
StairsGold (oficial)
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August 14, 2018, 03:30:33 AM
 #1

August 13: Crypto markets have today failed to sustain their short-lived recovery, with Ethereum (ETH) plummeting to a multi-month low below $300 and only a scant few altcoins spared from the widespread losses, as Coin360 data shows. Bitcoin (BTC) is seeing only minor losses on the day
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August 14, 2018, 03:34:32 AM
 #2

Shows resilience but it is on the edge, so i would not rely on any outside source expect the price action momentary.
5800 is strong support, 6132 was supposed to be strong support and while eth was already down 12%, when btc broke the line, eth went to 22% down trend.

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Quinni
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August 14, 2018, 04:29:36 AM
 #3

The resilience of the BTC also suggests that the market is still dominated by the BTC, and in large part by the sharp fall in the price of altcoin.


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August 14, 2018, 04:38:55 AM
 #4

We also need to see the good side, with the low ETH price, it is an opportunity for us to buy ETH and invest there. I have also bought 2 ETH coins, I'm sure next month the ETH price will be high again.
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August 14, 2018, 04:39:47 AM
 #5

There are sellers for 4,000,000 Bitcoins. I have some big buyers at $5000
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August 14, 2018, 05:15:38 AM
 #6

Semua crypto merosot sangat tajam, termasuk bitcoin, Ethereum juga yang sangat cocok, ini untuk investor membeli bitcoin dan crypto lainnya.
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August 14, 2018, 05:42:51 AM
 #7

This is a buyers market and a lot of people are crying over the low price, where they should be celebrating the opportunity to buy these low priced coins. Even a person with one eye can see that the market is being manipulated now, to push down the price. <There are ZERO bad news to motivate a drop in the price>  Roll Eyes

Just sit back and hodl those coins and forget about the drop in the price. <These people want you to panic>

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August 14, 2018, 05:43:49 AM
 #8

despite all the speculation and TA and all the rest of them showing lower prices and people even wishing for them, the $6k price has been a very strong buy support which has stayed strong for a long time. it is now psychologically strong too as people see it as the bottom which price keeps on hitting and bouncing back from.
although there is a lot of dumps going on today specially among altcoins which is also influencing bitcoin price but we keep seeing this "resilience" which may not even be explainable for many.

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August 14, 2018, 05:53:36 AM
 #9

We all knew ETH will fall sooner or later because of its network issues. Many suspect that it is the work of EOS team or Chinese to increase their EOS value. On the other hand, BTC just dominating everything and blood bath continues. Hopefully, 6000$ support will not break.


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StairsGold (oficial)
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August 14, 2018, 10:15:02 AM
 #10

btc and the alcoins after a big fall consolidate. at lower prices
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August 14, 2018, 12:21:03 PM
 #11

There is a slight resilience, we've seen already some bounce ups from 5800 and 6000 levels. Altcoins however don't repeat that pattern wich makes me keep more BTC during these corrections.
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August 14, 2018, 12:25:53 PM
 #12

In my opinion, one should not make the mistake of linking the concept of resilience with value. Bitcoin with its blockchain and its PoW has never stopped working despite the decreases of the fiat corispective. And for me this is resilience.

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August 14, 2018, 12:38:00 PM
 #13

Today's sharp drop in ETH is due to the sell-off of many ICO projects fearing a continued downturn in the industry. Bitcoin has not really taken a big hit, and we can see that the market share of Bitcoin continues to increase.

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August 14, 2018, 01:00:56 PM
 #14

In my views, I think that this current market dip only btc shows resilience in the market compared to the altcoins wherein almost all were affected by the severe drop in price value. I believe that as long as btc will regain back to it's normal phase, altcoins will definitely follow to rise once again. Let us just wait for btc to make the bullish run and hopefully altcoins will be pulled up such that the crypto market may regain again the usual way of it's market performance.

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August 14, 2018, 03:13:07 PM
 #15

August 13: Crypto markets have today failed to sustain their short-lived recovery, with Ethereum (ETH) plummeting to a multi-month low below $300 and only a scant few altcoins spared from the widespread losses, as Coin360 data shows. Bitcoin (BTC) is seeing only minor losses on the day

Well i think btc has already hit bottom at a little below 6k so i don't expect there will be any considerable drop for it anymore. Probably will play around it's current value with dips and rise but nothing drastic.

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August 14, 2018, 03:31:24 PM
 #16

August 13: Crypto markets have today failed to sustain their short-lived recovery, with Ethereum (ETH) plummeting to a multi-month low below $300 and only a scant few altcoins spared from the widespread losses, as Coin360 data shows. Bitcoin (BTC) is seeing only minor losses on the day

Well i think btc has already hit bottom at a little below 6k so i don't expect there will be any considerable drop for it anymore. Probably will play around it's current value with dips and rise but nothing drastic.

I'm not sure about this... This is the fourth (fifth?) time Bitcoin has hit these low $6k price points. We briefly dipped below $6k and are just barely hovering above it. I think we will be seeing the price drop deepen a bit more, possibly heading down to the low $5k range. I just can't see a bull run starting right now, because its recovered off the low $6k range a number of times now, I don't think it will happen again this time. Could be a month or two before we go back above $6k.


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StairsGold (oficial)
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August 15, 2018, 02:46:21 AM
 #17

currently the btc had a very good revaluation. just like the altcoins Huh
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August 15, 2018, 03:03:06 AM
 #18

August 13: Crypto markets have today failed to sustain their short-lived recovery, with Ethereum (ETH) plummeting to a multi-month low below $300 and only a scant few altcoins spared from the widespread losses, as Coin360 data shows. Bitcoin (BTC) is seeing only minor losses on the day
seeing from what is happening now is certainly very sad for many investors who feel fear and panic, but all that goes back to our trust and confidence and the patience to keep investing

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August 15, 2018, 03:14:12 AM
 #19

Bitcoin is a digital currency that is capable of making a profit. Bitcoin currencies do not have to use chemical prints or manipulations to create them so it is very safe for the environment so I believe that bitcoin will last forever
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August 15, 2018, 03:23:04 AM
 #20

Yes bitcoin shows resilience in fact it has the ability of precious in its own and it is the most valued coin in the market, even its price now slips down, it is still showing resilience and its price will be able to comeback soon for sure. And a great news to the investors.

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