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Author Topic: Bearish again? (Back at $5500)  (Read 2120 times)
PartyPete
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August 14, 2018, 05:44:00 AM
 #1

The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
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August 14, 2018, 05:54:32 AM
 #2

The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?

There will be no any skyrocketing this year. There is some possibillity in next year, but I doubt. It is long long bearish market. And if ETH will be rejected (And I think it will) then there will be a massive selloff with price range $2.5-3K to the end of the year.
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August 14, 2018, 07:52:26 AM
 #3

The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?

Sure we will see price go back up to 20k or even higher. The real question is "when?". Unless someone invents something as innovative as bitcoin once was...  In this case we, the bitcoin hodlers, are screwed  Cheesy

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August 14, 2018, 07:58:28 AM
 #4

The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?

Sure we will see price go back up to 20k or even higher. The real question is "when?". Unless someone invents something as innovative as bitcoin once was...  In this case we, the bitcoin hodlers, are screwed  Cheesy

We, the bitcoin holders are not screwed. We just need to have a bit of patience. The price will rise again, we’ll have more epic bull runs as the years pass. We just can’t control when, it’s not a short term investment, if you’re after quick profits then bitcoin is not for you.




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August 14, 2018, 08:47:43 AM
 #5

The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?

We are again fall with another dip and it seems the market has given us the best opportunity to buy at lower price and I think this will be lowest price for this year. Just hold on and add more patience as this could be the last dip and after this we will be heading for a strong bull run.

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August 14, 2018, 08:53:29 AM
 #6

The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?

Pump and dump and pump and dump and up and down and panic sell and FOMO buy and so on.

Chill out guys, look at the big picture and think for yourselves: what would be, in your eyes, a correct price for Bitcoin?
And based on that, take the actions you think they're the best - buy or sell.


I think that Bitcoin tech and scarcity will - sooner or later - make Bitcoin rise high. But when? I don't know anymore...

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August 14, 2018, 09:03:06 AM
 #7

The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?

Sure we will see price go back up to 20k or even higher. The real question is "when?". Unless someone invents something as innovative as bitcoin once was...  In this case we, the bitcoin hodlers, are screwed  Cheesy

We, the bitcoin holders are not screwed. We just need to have a bit of patience. The price will rise again, we’ll have more epic bull runs as the years pass. We just can’t control when, it’s not a short term investment, if you’re after quick profits then bitcoin is not for you.

Everything what you said is true if bitcoin remain uncontested. There's still a possibility that something greater than bitcoin will emerge (I sure hope it will not in upcoming years, but it is still possible)

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August 14, 2018, 09:03:40 AM
 #8

But again there is a great fall in bitcoin price, the market gives us more chance to buy more bitcoins. Save the bitcoins for future surely the price will increase. But according to current situation we cannot expect the bull run in this year. At the same time we cannot judge the market may be it will happen or it will take time to bull run. Till that we have to hold the bitcoin with patience.

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August 14, 2018, 09:56:53 AM
 #9

There's still a possibility that something greater than bitcoin will emerge (I sure hope it will not in upcoming years, but it is still possible)

Bitcoin isn't a company or a piece of technology.

Bitcoin is software that can be improved throughout the years and have second, third, fourth layers added to allow near instant settling payments, smart contracts, etc.

Bitcoin has its simplicity working for it. The less features you offer, the less there is to break or corrupt. People at the end of the day want only one thing, which is to dump their savings in Bitcoin as most secure chain and have it increase in value throughout the years. Usage as currency is something even the fastest crypto coins aren't enjoying, so why would it matter for Bitcoin? People simply don't care yet, and by the time they do start to care, LN is ready to serve them. Smiley

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August 14, 2018, 10:21:38 AM
 #10

price will sureley com back, and will indeed not be with a 1000$ rise in a day.
it will start gradually, with beartraps on the way
Patience is the key
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August 14, 2018, 11:30:27 AM
 #11

what made you choose $5500?
so far the lowest that bitcoin has reached has been $5774 which was months ago and today the lowest was $5880! and it is not a bear market it is just altcoin dumps that is becoming severe again. and we are already back at $6000+
nobody can tell how long this will last but so far it has been holding strong.

the rise will eventually start but for now we have a big drama on the way called ETF, as soon as we are past that we can see rises start.

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August 14, 2018, 11:51:52 AM
 #12

Currently the price is above 6000$ again. Some say that if the price falls under 5500$ the dump will continue and it's not sure where the limit could be.
Personaly I don't think that price will go that low but for a while it might stay around 6000$ without further progress.
This year there will be no skyrocketing. Max.price that Bitcoin might reach by the end of the year could be somwhere around 8500$ to 9000$.

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August 14, 2018, 12:00:55 PM
 #13

The recent decline suggests that the momentum is weakening for the bulls while the bears are feasting on this bloodshed. The outcome of the ETF hypes seem to not be panning out well for the bulls, with the general interest about bitcoin waning while the bears are capitalizing on the uncertainty and destroyed hopes for a new bull run. For me, the recent price crash is somewhat justified, considering that the ETF talks were just mere hypes and most people have banked on the anticipation only to dump the price hard once it got postponed or declined. I don't expect the price to be rebounding as soon as another ETF-related event arises which I know will generate the same hype train again.

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August 14, 2018, 03:14:52 PM
 #14

once again the market proved that $6000 is here to stay and it is strong. it was an interesting day actually! price has been constantly testing the strength of this buy support and each time it was pushed down it bounced right back up. it is starting to look pretty funny and i do believe that some whales are trying too hard to push bitcoin below this level.

so far they have been failing. how much longer they are going to keep at it though?

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August 14, 2018, 03:16:33 PM
 #15

The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?

There will be no any skyrocketing this year. There is some possibillity in next year, but I doubt. It is long long bearish market. And if ETH will be rejected (And I think it will) then there will be a massive selloff with price range $2.5-3K to the end of the year.

Don't count it off yet. Remember that we went from $3000 in September to $20000 in December... that's two damn months for a $17000 increase... price predictions of $10000 at the end of the year were considered as delusional insane and we got x2 of that delusional-at-the-time prediction.

If we can stay on this $5500 to $6000 range for a couple of months (similar to the $150-300 range from post-MtGox crash) then we could skyrocket again at the end of the year, and we would be coming from double the point of departure of the last bubble so we could very well hit an ATH.

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August 14, 2018, 04:13:26 PM
 #16

The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?

Slow and steady price rises are always best, it's true. With the ETF and other rumors, the recent bounce to $8,500 felt like a "sell the news" event.

Bitcoin will definitely skyrocket again, one day. But if you're expecting something like 2017 anytime soon, you'll probably be sorely disappointed. The best case scenario here is a sideways correction into (and possibly through) 2019. Alternatively, price could fall in half from here over the next few months and that would be totally normal.

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August 14, 2018, 04:25:03 PM
 #17

The nature of this market is up and down and I think if we actually want to take that advantage it has to be through day trading as the current situation of the market is not favourable to long term investors but good for pump and dump market. The current bitcoin price below $6000 is a sign that investors are afraid of putting in money.

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August 14, 2018, 04:29:52 PM
 #18

The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?

Why you guys thinks that there will be no "journey to the moon" again just because of the current price movement? Is that really the basis? If so then we just say that price is predictable but obviously it's not. Majority of average bitcoiners really not used into this kind of price movement especially the 2017 peeps where all they want is price increase.

Bitcoin will surely lasts for many years to come and on the way, we don't know that something spectacular might happened. When? Who knows?  If 2017 happenings will not be repeated this year then so what? Is that really a big deal?

Just go with the flow and trust the process.

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August 14, 2018, 04:34:51 PM
 #19

I just checked the preev price, and it's at roughly $6000.  Did it actually get to $5500 while I was asleep?  OP was written just under 12 hours ago. 

Watching bitcoin's price can drive you batty, and I wouldn't recommend doing it obsessively.  I can't imagine how often the whales check it, or even those people who own more than 1BTC even.  It must be like watching a stock that you own a lot of shares of, but you can get to emotionally invested in it as a result. 

Don't know if the market is bearish or not, because it just seems to be jumping up and down, which it's done before.  I thought we might've gotten on a good bull run when we got above $8k, but it looks like I was mistaken.  Too bad, too, because everyone has been waiting a hell of a long time for something like that.

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August 14, 2018, 04:38:55 PM
 #20

Don't check the prices too often this will leads to panic sell and causes more price fall,the price of bitcoin is still hanging at $6000 we may see some bump by the upcoming weeks sonce the dominance of bitcoin increased far which means altcoins were falling more when compared to bitcoin.ANd also by the end of year there are chances for bump as well so better be patient and start hold.

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