Todays reality..BTC price $3,600

[STT]

Its relatively bullish looking to me since 3600.    I'll actually just watch this point here on my chart, which is the 8 day average and a fib level



So 4100 on bitstamp, its not quite the breakdown area of 24th Nov.   That slight change of price might fool a few people into being short when the price got attracted to this moving average.     To be more negative I'll see how it reacts here I think

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[pooya87]

it is a good time to enter not a perfect time.
it is good only because price is much lower than the support which was the actual bottom and in my opinion we are currently in a reverse bubble which makes investment a wise choice.
but i'd say it is not a perfect time because the market is still manipulated and it can take a long time to recover while we don't know how long they can keep the dumping up.

Wishful thinking that this is a reverse bubble. We definitely havent hit bottom ground yet. The BCH hashwars may be over, but its definitely not going to be a surprise to expect some fucking weird news soon. I cant say what it is because I have no fucking clue what Craig Wright or any other big names are thinking, but like you said, the market is being heavily manipulated right now, but this time its different : because its not done using money, but well placed FUD.

there is no difference between manipulations. there is the same powers at work and their control over the market is always the same and is decreasing as the market grows bigger.
also the  chance that price may fall lower doesn't mean we aren't in a reverse bubble. bitcoin's true value is not $3k-$4k. it is a lot higher than this and it is kept down. and if you are agreeing that the market is "heavily manipulated" then you can not disagree with it being in a reverse bubble. they mean the same thing.

[Michael_Cox]

Expect a move in the next day or two, either down to $3200-$3300 or bouncing back to $4000-$4200. Probably the former because there's still far too much optimism around, for that reason I'm not convinced we've reached a bottom.

Hopefully it bounce back up, though you're probably right. It might still go down to $3200. I just hope it won't go lower than $3000. We are almost at the end of 2018, why can't we have a happy holidays by giving us higher bitcoin price? Even a small bump in the price would be better than see it go down more and more.

[Clark05]

It is good to invest now that is reality because price for sure will up but we need to watch first the movement of the bitcoin if the price is chance to increase or they have chance to decrease more. But better to have bitcoin now incase that price increase you still have bitcoin and you earn money.

[KingZee]

there is no difference between manipulations. there is the same powers at work and their control over the market is always the same and is decreasing as the market grows bigger.
also the  chance that price may fall lower doesn't mean we aren't in a reverse bubble. bitcoin's true value is not $3k-$4k. it is a lot higher than this and it is kept down. and if you are agreeing that the market is "heavily manipulated" then you can not disagree with it being in a reverse bubble. they mean the same thing.

I'm not saying btc isn't bullish in the long term, the last year has proven the amount of interest it can get. But there's probably still a discount on the price coming ahead. I just hope it doesn't take too long to recover from it.

[Idrisu]

This current price is still a surprise to me and that is the reason why i have to hold and not trading for now.  I have been bullish and I believe that bitcoin is undervalued and I still believed that bitcoin did not need to be were it is today.  I decided to trade bitcoin because of the ways it was growing last year.

[rodalutor]

Don't forget, this was also a day in last year's reality. Will probably be a reality for other days. All footnotes in the greater scheme of things, all individual cogs at every cent increment towards an eventual charge.

Expect a move in the next day or two, either down to $3200-$3300 or bouncing back to $4000-$4200. Probably the former because there's still far too much optimism around, for that reason I'm not convinced we've reached a bottom.

I wasn't expecting yesterday's bounce either. The last time I was fortunate enough to be present prior to the ascent, no one dared to think Bitcoin might recover it's 2014 ATH except in the most hush of tones. So yeah, far too much optimism left. It's when the stragglers in positivism are out that a proper recovery and rise is on the cards.

I didn't think so either based on the sentiment in the market but others have made a good point about how oversold we are. Especially given how stable the price was for most of this year.

Expect a move in the next day or two, either down to $3200-$3300 or bouncing back to $4000-$4200. Probably the former because there's still far too much optimism around, for that reason I'm not convinced we've reached a bottom.

I'm not trying to poke fun at you, but making a prediction like that (basically "bitcoin will oscillate much like it's been doing for the past few days") is fairly useless.  You're probably right, but all you're saying is that bitcoin could go up or down and that's DERP.

I should have been more specific in that in saying that I expected a movement to either of those levels and then stability for a few days, rather than it going to either and then returning or continuing through those levels.

[el kaka22]

And today is reality, bitcoin over $4k again. This is bitcoin we are talking about, in its nature the price is volatile, it has always been. For the past 10 years bitcoin price did 3 things constantly without any change; it went up like crazy, afterwards went down like crazy, afterwards stayed the same and repeated the circle.

Hence, when you see the price hitting as low as $3.6k you should know that it is not a big shock or a surprise and it doesn't mean it will not go up again. Lets say 10 years from now, do you really expect the price to be anywhere near this price ?

Do you really think it will be around $4k in 10 years? I do not believe it so, I think it will be either $100k or it will be $10. Either it will be the biggest thing since computers and it will be so high that anyone who has invested right now will be millionaires with some billionaires in altcoins as well or it will be destroyed and non existent. In either case there is no "staying same" for bitcoin.

[1Referee]

I do not believe it so, I think it will be either $100k or it will be $10. Either it will be the biggest thing since computers and it will be so high that anyone who has invested right now will be millionaires with some billionaires in altcoins as well or it will be destroyed and non existent. In either case there is no "staying same" for bitcoin.

This isn't 2012/2013 anymore where there are two options to choose from. It's clear that we are heading upwards without there being much to stop this progress. Most of the financial instruments are being built around Bitcoin, LN is constantly growing, more of the traditional elite are willing to convert at least 1% of their worth to Bitcoin, etc.

The weakest aspect of this industry are the exchanges themselves, and then mainly how shady and unprofessional they are. As time goes by, wall street level of exchanges will pop up, and that's when you effectively counter the lack of liquidity, and thus the severe price movements we experience right now.

Even if you say it will either be worth $100,000 or an amount closer to $0, doesn't that make a $4000 initial investment a great entry point in terms of risk>reward? Your risk is $4000 but your reward is x25 if you hold through.

[STT]

Thats why it rises yea, probably.   Alot of people see the price get to this 4100 area or so and it builds because its reasonable risk reward to take onboard or take back what was sold.    As a market effect that becomes bullish.    I called out this area as significant back in August or so, I cant say I know how it'll react or that I'm a perfect judge but the significance was found there and at 3600 obviously.   Staying above 4200 is bullish

[gabmen]

Thats why it rises yea, probably.   Alot of people see the price get to this 4100 area or so and it builds because its reasonable risk reward to take onboard or take back what was sold.    As a market effect that becomes bullish.    I called out this area as significant back in August or so, I cant say I know how it'll react or that I'm a perfect judge but the significance was found there and at 3600 obviously.   Staying above 4200 is bullish

Funny how low a bullish point has become now lol. Just a month ago we're all steady around 6.5k and not a lot of people are bullish at that point. Well it seems that we're just going to stay afloat around the 4k area for a little while now.

[KingZee]

Funny how low a bullish point has become now lol. Just a month ago we're all steady around 6.5k and not a lot of people are bullish at that point. Well it seems that we're just going to stay afloat around the 4k area for a little while now.

If it can hold over 4k for at least 5 days or a week, you can start considering a bullish run. It's very unlikely for that to happen, and in my opinion this is probably the best time to sell your btc if you still have some, wait for the next dip which is going to break the 3.400$ support, (speculation) and buy back in whenever you feel comfortable with it.