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Author Topic: No rise in the price of BTC in this August 2018  (Read 483 times)
reactorjuno
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September 03, 2018, 01:13:43 PM
 #81

August is over, but it should move a little tomorrow.
But for now, the market is sleeping, we are still in a somehow stabilized phase that should remain for a few more hours at least, the resistance at $7300 has been strong for almost 48 hours, it looks very quiet, too quiet.

It should still move a little from $6800 to $7300 but nothing more... For now no clear trend.

On the other hand, its getting exciting on Holochain (hot), now for 3 days and it keeps rising... 2100 Btc volume in 24 hours  Roll Eyes
At this time bitcoin prices have started to rise even a little and for some people have been able to get profit from the bitcoin they buy when bitcoin prices are very low, so if we can see and use opportunities well then we will still be able to get profit.

Not sure what you mean exactly and why you quoted my post. But I'll reply anyway:
Too many people here let their emotions get the best out of themselves and missed the opportunities to make short term trades. To get back to what you wrote, it is indeed obvious that it was possible to make money in August, price went around $6000 at some point and gained almost 20% if you consider the price on August 31.
Too many have unrealistic expectations, that's why we read a lot of negative posts around here. It's only your own fault if you bought at the worst time, by that I mean that usually when everyone is getting excited and the price is going up like crazy, it's time to sell, not to buy... this has proved to be a winning strategy a hundred of times before.

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September 03, 2018, 01:41:43 PM
 #82

Very bad news for BTC holders. BTC price is not moving upwards in August 2018. Looks like the rest of the days of August will be in downtrends for BTC price chart. The red is dominating green for all altcoins. Looks like another panic month for longtime holders.

Atleast bitcoin reached $7,000 before August ends right?so were not in the complete downtrend this month

And the dropping price of bitcoin can’t be considered as bad news because for a holder like me this is the moment that i have been waiting to purchase another coin again for long term holding

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September 03, 2018, 03:15:39 PM
 #83

Of a truth bitcoin has not making any significant price movement this August but we are expecting another bullish trend this September because of issues around ETF. Bitcoin was just moving in range through out the month.

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September 03, 2018, 03:38:18 PM
 #84

Of a truth bitcoin has not making any significant price movement this August but we are expecting another bullish trend this September because of issues around ETF. Bitcoin was just moving in range through out the month.
Bitcoin prices fell in August and only showed signs of recovery at the end of the month. I also think bitcoin will increase in September, we will see a strong month of growth this year.

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September 03, 2018, 05:04:27 PM
 #85

As bitcoin users i think people should be realize about market trend and i think this is usual situations which we face up almost for every month in this year but do not lost your faith to wait uptrend because i'm pretty sure it will comes soon however bitcoin this month back to $7000 above range and i wish green market will continue

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September 04, 2018, 08:32:01 AM
 #86

It is moving upwards but the fluctuations, decreases and bad news held the rise in its price like a roller coaster that consists of ups and downs anytime without your prior anticipation and expectations but for the present, the price was a good start for the 4th quarter this year as bitcoin goes back to $7k I hope the uptrend continues this month to December gotta buy some bags of crypto to hold.
We just wait for it,  not exactly in an uptrend motion but most probably it could be that way same thing happen in previous years. It really hard to speculate that's why it is better to keep relax and do other stuff to diversify our mind out of crypto for awhile.
The momentum is not that great yet but like you said, all we can do is to wait and see how the market is going to fair in coming days. There is a huge uncertainty even in the bitcoin market presently and I believe it would be a bit hard to see any serious participation in the market unless we are able to go past $8k. The crypto bulls look like they are around the corner though, looking at the ways the altcoin market has been acting lately, but like you said, patience is all that is needed right now.

I do agree that the price spikes higher value but suddenly goes down in the next few week in August. This showed more panic seller still grab small price increase to take their profit earnings.
It is normal to see such movements as this in a bear trend and most of the time when there is a huge uncertainty in the market. I know a lot of people have been quite optimistic and of the mindset that the value would keep increasing or the bulls are back in the market. I have still not seen an impressive volume as far as I am concerned, and as long as we are still below $8k, nothing is guaranteed. September has just started, so I guess we wait to see how it goes.


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September 04, 2018, 05:23:09 PM
 #87

Very bad news for BTC holders. BTC price is not moving upwards in August 2018. Looks like the rest of the days of August will be in downtrends for BTC price chart. The red is dominating green for all altcoins. Looks like another panic month for longtime holders.

How come it was a bad news that no interesting price movement the month of August? What's special this month?

Are you forgetting what things should do during this kind of trend? Accumulate more or just stay where you are.

And no, it will not create a panic for long time holders. They won't be called long time holders in the first place if they did some panic on the way. They withstand lots of negative speculations already that's why they able to kept up their hold coins until now. Make sense.
People are irrational, they want that bitcoin goes up in value 1000% and if that doesn't happen then that means that bitcoin is a failure, I know it doesn't make sense but that is just a way that people think so for many the month of August was a waste of time.

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September 04, 2018, 06:16:44 PM
 #88

Not sure what you mean exactly and why you quoted my post. But I'll reply anyway:
Too many people here let their emotions get the best out of themselves and missed the opportunities to make short term trades. To get back to what you wrote, it is indeed obvious that it was possible to make money in August, price went around $6000 at some point and gained almost 20% if you consider the price on August 31.
Too many have unrealistic expectations, that's why we read a lot of negative posts around here. It's only your own fault if you bought at the worst time, by that I mean that usually when everyone is getting excited and the price is going up like crazy, it's time to sell, not to buy... this has proved to be a winning strategy a hundred of times before.

Yeah, I've been accused of that in my small circles, who know I simply don't trade beyond my need to pay bills and/or collect funding for some other venture. Whatever Bitcoin I don't set aside for spending and using, I simply hold, so yes, I've missed out on multiple opportunities to sell high buy low... but I'm comfortable with that.

It's always easier to look back on how markets performed, but trading for me is all about setting objectives and having the discipline to stick to them. So if stops keep making people lose money, they just have to stick to it if that's the strategy and decisions they arrived at after research.

But you're also right, too much negativity - and too much impossible optimism at times.

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September 04, 2018, 07:07:53 PM
 #89

There has been at the end of August. We had a good spike and this really supported and still supports value move positive.

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September 05, 2018, 03:53:09 AM
 #90

There is actually a rise but that just don't enough to fight the downtrend as bitcoin remains in the 7,000$ mark until today. It's not a big deal for me whether bitcoin has risen up last month or even this month because i can still feel that bitcoin is not yet ready to get out from the trend where it got stuck.

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