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Author Topic: Bitcoin will soon reach a reliable low, below which the price will not fall.  (Read 312 times)
semes
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October 09, 2018, 06:21:11 PM
 #21

The cryptocurrency world is quite volatile and prone to changes. 80% of prediction turns out to be incorrect and there is no minimal and maximal point of any coin. I would advice you just keep watching the market and pay less attention to predictions, this has brought doom to alot of people

I think this volatilty is decreasing somehow. Recent days, Bitcoin price move more slowly rather than old days. I hope it will go up slowly from now on.
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October 09, 2018, 06:35:48 PM
 #22

you should have posted this at least 6 months ago where this "reliable low" was actually reached. we have been above that solid low with a strong buy support behind it for a couple of months now and that is one of the reasons why the whale accumulators have started their accumulating processes. otherwise they would have been equally confused like the rest of the market.
I also believe that the bitcoin minimum price has already passed this year and now it is gradually rising in this way. After such a long stagnation of the cryptocurrency market, Bitcoin cannot quickly grow in value. Some experts have already correctly adjusted their previous forecasts towards a slow increase in the cost of Bitcoin by the end of this year.

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October 09, 2018, 07:42:18 PM
 #23

I advise you to look at the charts of other years and we will see that throughout the year the price of bitcoin keeps low, but by the end of the year it starts to grow sharply I think it’s time that the market will simply not stop rising prices
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October 09, 2018, 09:48:50 PM
 #24

Perhaps we've already reached that? $5700 was the lowest we've been for 2018, and we have tried to break it but to no avail. It's not easy to claim that that would be the lowest point we can see ever, given that the market isn't sleeping and stopping in creating trades for people. I've been more interested in the lowest we could get rather than the highest point we might see this year since the former would be the solid baseline in which we will all be moving from. I'll expect higher highs if the low is really @ $570₩.

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pooya87
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October 10, 2018, 05:16:55 AM
 #25

it is so easy to make a guess when it comes to bitcoin price. it  doesn't cost you anything either. but coming up with a solid analysis and a good speculation is always hard. in this case you can easily call a number and talk about possibility of "fall" without any solid reason. but explaining why you think it is possible is hard.

these so called "experts" should start by saying why they think the price that we have already reached and the level that has been holding strong at the current bottom is not the bottom in their opinion then continue speculating a drop.

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Kakmakr
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October 10, 2018, 05:38:10 AM
 #26

The old saying, "Opinions are like assholes, everyone has one" comes to mind when I look at all these predictions. It is just logical that a spike like 2017, will be followed by a correction and that the correction must bottom out at some stage. We do not need any genius to predict that and we also know if the price stabilize <stop dropping>, then that might be a signal that it might be the end of the correction phase.  Roll Eyes

So there you have it, no expert advice is needed to extract that from the current price behaviour.  Tongue

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October 10, 2018, 06:03:38 AM
 #27

All the predictions we should just look at and refer to it. There is a lot of speculation about Bitcoin prices, price increases and discounts. Actually I do not know who to trust. It has made the professionals less credible.
Only way, we should focus on the market, track every bitcoin fluctuations in the market, that is the best way.
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October 10, 2018, 06:57:38 AM
 #28

to predict the behavior of the cryptocurrency market is almost impossible
  then I hear that the price will grow to unprecedented heights but the price will keep in a certain range
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October 10, 2018, 10:32:45 AM
 #29

The old saying, "Opinions are like assholes, everyone has one" comes to mind when I look at all these predictions. It is just logical that a spike like 2017, will be followed by a correction and that the correction must bottom out at some stage. We do not need any genius to predict that and we also know if the price stabilize <stop dropping>, then that might be a signal that it might be the end of the correction phase.  Roll Eyes

So there you have it, no expert advice is needed to extract that from the current price behaviour.  Tongue

but how would these """experts""" eat if we stop talking about their asshole opinion?
that is how they make a living and everybody is a winner in this case.
idiots keep on creating companies to make profit and call it blockchain something then start giving out "opinions" which is basically advertising their company to make their names heard! and the always hungry news sites that have nothing better to report, keep quoting them and practically advertise their crap. and newbies like OP copy past them here to increase their post count.... everyone wins Cheesy

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October 10, 2018, 01:13:32 PM
 #30

Again and again, its being sounded, when you quote a source, there is nothing hard in putting a reference as this would add credibility to the post and equally give an opportunity for follow up to anyone who is willing to read more not forgetting the complement to the author of such information and finally not getting banned on the forum for plagiarism as this goes to Op and those going outside the forum to source for content to be discussed.

One thing I noticed that is common to people who expressed their opinions above is the word "I think" and that points to the fact that whatever they say should not be relied upon 100% as its merely an expression of opinion that is not dependent on objective evidence and more so there is no uniform conclusion as some were of the opinion of falling, others were optimistic of further increase which leave the option to those reading in deciding which side they want to belong.
Good point, not enough links to the source. All these forecasts are really accompanied by the words "I think," but I noticed that earlier there were forecasts and discussions on the topic "Bitcoin will die or not," and now everyone is discussing how high the price of Bitcoin will rise this year or in 2019. This is a good trend and I like it.
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October 10, 2018, 01:47:06 PM
 #31

$5800 has been the average support for bitcoin throughout 2018, and this is comparatively higher than previous years. And I see that bottom holding out for a while.
Everyone is entitled to an opinion on what they think the price would  in the future, but they are all speculations regardless of the source.
It is $5,800 that is the bottom of Bitcoin and I believe that it will not fall below this mark because mining will become unprofitable and many miners will turn off their ASICs. Now no one has any doubt that Btcoin will grow, the question remains how long to wait for this time.
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