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Author Topic: Settled at ~$6400 for now?  (Read 479 times)
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September 17, 2018, 09:02:18 AM
 #41

This week that price is stable with more than 6000 dollars and I hope it will increase again. And Im still believe in the month of december it will pump again like more than 20k dollars. We do not want to see again below 6000 dollars so don't panic.
The price Bitcoin will never settle in one region because number of peoples are buy and sell at anytime so it should be raise and fall at continuously in the market. May be 21 million Bitcoin will released in the market we can predict some stable value of Bitcoin. I think december month we should expect some good result but 20k USD is unpredictable in crypto market.

 
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September 17, 2018, 10:36:19 AM
 #42

The surge is yet to come. The end of the year 2018 will be a great time for BTC, I am getting the felling from now that the December 2018 will be golden time for the bitcoin miners and investors. There’s been a good journey from 2016 the price reached from around 3k to 6 and a half K.
No it will not be a great time for bitcoin, because many people before already said the same but things were different from their predictions. In the previous year people told that 2018 will be the year of bitcoin but we saw that 2018 is the worst year for bitcoin so far. How is it possible that the price will go up in the last quarter of the year? It is totally nonsense.
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September 17, 2018, 03:25:45 PM
 #43

The surge is yet to come. The end of the year 2018 will be a great time for BTC, I am getting the felling from now that the December 2018 will be golden time for the bitcoin miners and investors. There’s been a good journey from 2016 the price reached from around 3k to 6 and a half K.
No it will not be a great time for bitcoin, because many people before already said the same but things were different from their predictions. In the previous year people told that 2018 will be the year of bitcoin but we saw that 2018 is the worst year for bitcoin so far. How is it possible that the price will go up in the last quarter of the year? It is totally nonsense.

And in 2017 nobody was saying Bitcoin was going to hit $20,000 and we all know what happened. Just look at the predictions of Tone Vays, eh was saying $7500 was the best possible scenario in 2017. People always screw up on their predictions specially all these reputed analysis.

What we know right now is that it is re-testing $6200 which was when the drop from $7411 happened in september 5th. If we can get above this we'll keep going up, if it goes lower then get ready to buy the dip as usual.
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September 17, 2018, 03:36:02 PM
 #44

It definitely won't "settle" at $6400, first of all it dropped even further than that already but it will also go up, this is bitcoin we are talking about the price never settles for too long, it definitely doesn't move %10 hourly all the time but it just stays there for couple days than move.

When just a week ago the price was 7.200 dollars did we thought the price "settled" no because we knew that the price would eventually move to a direction, we just didn't know which direction. Same applies here, the price is low right now but I am sure it won't stay like this for a long time and it will move to a direction that will change soon.
For your information, "for now" is the important part of the topic. It means we do not need to bother high about current price levels.  Yes, it is settled at 6400 for now however we know that bitcoin doesn't stay at the same place for a long time, it moves and when it moves it moves quick and a lot. If it goes down it will go down to $5.2k levels or so, if it goes up it will go up to $7.2k levels or so.

These are more than %10 swings we are talking about and when it does it it moves in an hour or so at most, it doesn't take 3 days to move that much, it moves in an hour and takes everything on its path with it. So if you see bitcoin moving, you either step aside and let it be or you ride it till you reach your destination.

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September 17, 2018, 03:57:55 PM
 #45

This week that price is stable with more than 6000 dollars and I hope it will increase again. And Im still believe in the month of december it will pump again like more than 20k dollars. We do not want to see again below 6000 dollars so don't panic.
The price Bitcoin will never settle in one region because number of peoples are buy and sell at anytime so it should be raise and fall at continuously in the market. May be 21 million Bitcoin will released in the market we can predict some stable value of Bitcoin. I think december month we should expect some good result but 20k USD is unpredictable in crypto market.
well, at the moment the price is really stable for the price of $ 6k. well, maybe next month can be a benchmark for the next bitcoin price. I hope, the price of bitcoin starts to grow, and starts to stabilize at a price of $ 7k or above.




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September 17, 2018, 06:00:37 PM
 #46

This week that price is stable with more than 6000 dollars and I hope it will increase again. And Im still believe in the month of december it will pump again like more than 20k dollars. We do not want to see again below 6000 dollars so don't panic.
The price Bitcoin will never settle in one region because number of peoples are buy and sell at anytime so it should be raise and fall at continuously in the market. May be 21 million Bitcoin will released in the market we can predict some stable value of Bitcoin. I think december month we should expect some good result but 20k USD is unpredictable in crypto market.
well, at the moment the price is really stable for the price of $ 6k. well, maybe next month can be a benchmark for the next bitcoin price. I hope, the price of bitcoin starts to grow, and starts to stabilize at a price of $ 7k or above.

Well i don't think a lot of people would be too optimistic about that return to 20k though. And i don't see why you could be so sure it'll be the same as last year. Entirely different situation where the market is coming from now.

 
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September 18, 2018, 04:06:24 AM
 #47

This week that price is stable with more than 6000 dollars and I hope it will increase again. And Im still believe in the month of december it will pump again like more than 20k dollars. We do not want to see again below 6000 dollars so don't panic.
The price Bitcoin will never settle in one region because number of peoples are buy and sell at anytime so it should be raise and fall at continuously in the market. May be 21 million Bitcoin will released in the market we can predict some stable value of Bitcoin. I think december month we should expect some good result but 20k USD is unpredictable in crypto market.
well, at the moment the price is really stable for the price of $ 6k. well, maybe next month can be a benchmark for the next bitcoin price. I hope, the price of bitcoin starts to grow, and starts to stabilize at a price of $ 7k or above.

Well i don't think a lot of people would be too optimistic about that return to 20k though. And i don't see why you could be so sure it'll be the same as last year. Entirely different situation where the market is coming from now.

so far whenever most people give up on bitcoin and think a rise is optimistic, like 2015 for example that is when the big rises start to happen again but when everyone is talking about how bitcoin is going to the moon like first months of 2018 when they said it is going to $50k soon, that is when the rise has come to an end.
i am not sure if we are at the 2015 stage yet but we are pretty close to it.

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September 18, 2018, 05:10:41 AM
 #48

We are still up compared to last year.

But these news are actually good for the adoption and we've been looking for an appropriate impact when there are news like those. Sadly, we haven't seen any positive reaction that we've been hoping for after those. Well, it's not about only the price to see if there's a movement for bitcoin, save the best for the last.

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September 18, 2018, 07:14:53 AM
 #49

We are still up compared to last year.

But these news are actually good for the adoption and we've been looking for an appropriate impact when there are news like those. Sadly, we haven't seen any positive reaction that we've been hoping for after those. Well, it's not about only the price to see if there's a movement for bitcoin, save the best for the last.


This doesn't help for people who invested when the price was more than $10,000. Of course, they have nobody else but themselves to blame,
Adoption is the only thing which will drive up the price sustainably. Unfortunately for those who invested during the bull run, the price increase can only be gradual.


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September 18, 2018, 11:10:22 AM
 #50

there really isn't any way around it, people wont suddenly start using bitcoin just because it's decentralized and a few other aspects. For most people using bitcoin or any other cryptocurrency to pay for stuff is much harder and riskier than using a credit card/bank/paypal.

I don't think ETF denial will be such a big deal just because most people already expect it to be denied but we will see.
For now, I agree it could be hard to make use of as a currency due to the fact that there is really not much of a facility to always make that happen pretty fast. Over time, with development in scaling issue, and a faster level of transaction, I am sure we will get to keep seeing several means of seeing this happening.

ETF should not be something anyone should be focused on in this market and with the way there is so much evolving around it, I am sure the whales might want to use it to instigate price movement but at this stage, we only have time and trend in our hands to see how the market leads. In the past, bitcoin had showed big movements and broke resistance levels before we did realizing the reasons for that. I mean another rally may happen at any time Wink.
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September 18, 2018, 12:03:06 PM
 #51

This week that price is stable with more than 6000 dollars and I hope it will increase again. And Im still believe in the month of december it will pump again like more than 20k dollars. We do not want to see again below 6000 dollars so don't panic.
The price Bitcoin will never settle in one region because number of peoples are buy and sell at anytime so it should be raise and fall at continuously in the market. May be 21 million Bitcoin will released in the market we can predict some stable value of Bitcoin. I think december month we should expect some good result but 20k USD is unpredictable in crypto market.
Yeah seems like this, the price has stuck in this price. Just few hundreds ups and down but there is no big change in the price. I also wonder why the price is not increasing and why this bearish market situation is not changing in good one. Different people think differently about the future price of bitcoin. Some says the coming days will be good for bitcoin and other say that it will fall more.
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September 19, 2018, 09:45:54 AM
 #52

We are still up compared to last year.

But these news are actually good for the adoption and we've been looking for an appropriate impact when there are news like those. Sadly, we haven't seen any positive reaction that we've been hoping for after those. Well, it's not about only the price to see if there's a movement for bitcoin, save the best for the last.


This doesn't help for people who invested when the price was more than $10,000. Of course, they have nobody else but themselves to blame,
Adoption is the only thing which will drive up the price sustainably. Unfortunately for those who invested during the bull run, the price increase can only be gradual.
Yeah I understand the sentiment of those who invested with those prices and most specially those who bought at $20,000. Three things for those who bought at the bull run last December.

- they can sell and cut losses
- they can hodl and wait for the next bull run
- buy during this dip

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September 20, 2018, 06:32:21 AM
 #53

Goldman Sachs.

CBOE proposal.

BlackRock ETF.

Rolls Royce Dealership accepting Bitcoins.

September has and will be seeing a lot.

I can feel the heat. The bulls are coming. Something is gonna happen before December for sure.

Be strong.

What do you mean with: " Something is gonna happen before December for sure. " and about this:

Goldman Sachs = Goldman Sachs CFO: Recent Reports About Crypto Trading Desk Are ‘Fake News’

CBOE proposal = we will see on September 30th

BlackRock ETF = Coinbase Considers Launching Crypto ETF with Help of Wall Street’s BlackRock, Say Sources ( There is nothing concrete )

Rolls Royce Dealership accepting Bitcoins = Is good news, but it will not be enough to raise the price too much












Hope that your predictions about the price in this month become true but it is very hard to see growth in the price in the next half month. I think that the price will be little bit grow till the end of this year. I also want big pump in the price because nobody saw this for long time. I want some profit before quitting and investing in some regular business.
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September 20, 2018, 09:26:38 AM
 #54

10 days at a price when some volatility is exist means there will be some steep move soon.
İ expect in a few hours to days a move to up or down but market need move just look at history of it.
By the way dont think that news will affect anything.
Everything simply is for now, considering the nature of the market generally. Bitcoin has been holding up after the bounce from the $6k region again and that kept ushering in some hope to the space, but we do not need to forget that we are still in a bear market and bears can still strike at any time they want to. As it is we are still in a downtrend wedge and to what side we break out to, is what will determine how far the market is going to go.

I think that the price will be little bit grow till the end of this year. I also want big pump in the price because nobody saw this for long time. I want some profit before quitting and investing in some regular business.
Like most other people and you, I am also expecting price will not settle here on $6400 range for ever and it may break into the upper side and may reach $8500 to $9800 at any time. This may not be possible to happen with in this September but will happen before end of October and $$15k to $25k may happen before end of this year. Keep your hope up to continue your regular business Smiley.
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September 20, 2018, 09:28:32 AM
 #55

actually it will be a turnover knowing, I hope, the price of bitcoin can rise again, and not dissolve at this price. waiting for high prices has been the dream of crypto users, but I think the price is really stable at $ 6400 this month.
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September 20, 2018, 09:52:57 AM
 #56

Sure seems like prices have settled at this level without much vertical movement at all over the past few days.

I wouldn't get too excited and say that prices are set to climb due to it stabilising at this level, though. We're still not out of the bear market and probably will continue to see the sentiment within the market be bearish for the rest of the year.

We will most likely see some sideways movements at this level. Potentially, we could see a short term rally but that wouldn't turn into anything on a major bullish scale. More likely to occur would be a dip below the $6k support at some point this year, or if we're lucky, a long period of mostly non-volatile markets, even though that would be less probable in my opinion.

 
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September 20, 2018, 07:27:32 PM
 #57

ignoring the highs. if you concentrate on the lows. and see where the lowest price of 3-6-10-12 month
you will see that bitcoin has always been on an upward movement

2016:  >$300
2017:  >$900
2018:  >$5,800

people need to realise the bull-bear switch over is not something that happens hourly or daily.
bull and bear are the longer term directions.

maybe what the financial buzzworders should use is
short term up = Calve (young bull)
short term down = Cub (young bear)

bitcoin has been bull but does get occassional calve and cub events
True. I see that most of the people here compare the current price with the ATH. Instead of this they should be comparing it with the lowest point of the year. Changing the perspective will change the way we trade. If you look at it this way then we can realize how much bitcoin is growing  over the year.
Expecting the bull run to return soon the price of bitcoin may rise soon.


Its because there are still a lot of newbies thinking that bitcoin will always go on. parabolic rise. They forgot to realised that this market is very volatile and prone to manipulation. Year-to-year bitcoin is still up ($4000->$6500) so there's nothing to complained. Regarding bull run, might be next month or next year. My point is nobody really knows, if one way to find out is just to stick in the market and see how it goes.

Very well thought out, I almost agree with everything you said. The only thing that is different in my opinion is that I believe that Bull market will start faster than after one year.
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September 21, 2018, 08:42:21 AM
 #58

We are still up compared to last year.

But these news are actually good for the adoption and we've been looking for an appropriate impact when there are news like those. Sadly, we haven't seen any positive reaction that we've been hoping for after those. Well, it's not about only the price to see if there's a movement for bitcoin, save the best for the last.


This doesn't help for people who invested when the price was more than $10,000. Of course, they have nobody else but themselves to blame,
Adoption is the only thing which will drive up the price sustainably. Unfortunately for those who invested during the bull run, the price increase can only be gradual.
Yeah I understand the sentiment of those who invested with those prices and most specially those who bought at $20,000. Three things for those who bought at the bull run last December.

- they can sell and cut losses
- they can hodl and wait for the next bull run
- buy during this dip
For those who are smart enough to know the best thing to do, they will know they should be picking the last two. At this stage, I do not expect anyone to be cutting loss after buying at $20k as that is terribly an insane thing to ever do. The market is certainly not dead and at some point, it will pick up and recover, and all it takes is patience.

Currently, the only other best way to compensate the move downward is to buy the dip. Rather than buying the peak, people should always know better by now to be buying the dips and selling the peaks, as there is no other better way to profit from the market movement than that.
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September 21, 2018, 09:31:53 AM
 #59

The surge is yet to come. The end of the year 2018 will be a great time for BTC, I am getting the felling from now that the December 2018 will be golden time for the bitcoin miners and investors. There’s been a good journey from 2016 the price reached from around 3k to 6 and a half K.
No it will not be a great time for bitcoin, because many people before already said the same but things were different from their predictions. In the previous year people told that 2018 will be the year of bitcoin but we saw that 2018 is the worst year for bitcoin so far. How is it possible that the price will go up in the last quarter of the year? It is totally nonsense.
From where you got your feelings about the future price of bitcoin? Please tell us the source that we could also feel the same. I think the given price $6400 will be there at the end of this year. I only look at the current situation of the market and the current situation tells that there is no positive attitude in the market and the price will continue till the end of this year.
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September 21, 2018, 01:11:06 PM
 #60

We are still up compared to last year.

But these news are actually good for the adoption and we've been looking for an appropriate impact when there are news like those. Sadly, we haven't seen any positive reaction that we've been hoping for after those. Well, it's not about only the price to see if there's a movement for bitcoin, save the best for the last.


This doesn't help for people who invested when the price was more than $10,000. Of course, they have nobody else but themselves to blame,
Adoption is the only thing which will drive up the price sustainably. Unfortunately for those who invested during the bull run, the price increase can only be gradual.
Yeah I understand the sentiment of those who invested with those prices and most specially those who bought at $20,000. Three things for those who bought at the bull run last December.

- they can sell and cut losses
- they can hodl and wait for the next bull run
- buy during this dip
For those who are smart enough to know the best thing to do, they will know they should be picking the last two. At this stage, I do not expect anyone to be cutting loss after buying at $20k as that is terribly an insane thing to ever do. The market is certainly not dead and at some point, it will pick up and recover, and all it takes is patience.

Currently, the only other best way to compensate the move downward is to buy the dip. Rather than buying the peak, people should always know better by now to be buying the dips and selling the peaks, as there is no other better way to profit from the market movement than that.
Sadly not everyone knows what's the best thing to do because they are broke and still can't move on. You may not expect it but expect the unexpected and I'm sure of it that there are plenty of panic sellers that lead them to cut loss and sold under $10,000 though they bought it while its on $20,000.

However the good days are coming now and it seems plausible like the expected positive run is coming.

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