Hello cryptoworld after few months and bitcoin price is around $4000(!)

[BitcoinGirl.Club]

Earlier this year people thought Bitcoin price is going to cross $25k or even $50k. Now the price dropped around $4k. I guess few days ago I saw the price was around $3500. Which direction we are going by the way?

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[Onuohakk]

We are going the direction in which the market volatility leads us. 

I don't know why by now people still get surprised when the market drops it's all part of the nature of market and investment.

For some certain reasons bitcoin is down at the moment as compare to what it started at early this year we all have to accept the situation and avoid panic decision rather adopt strategies that best suits the situation

[mk4]

Your guess is pretty much just as good as ours. Even trader's opinions are still pretty much close to 50-50.

Looks like Tone Vays(if you know him) is quite bullish right now though, and for him that's frequently bearish? This might be a good sign. Take all opinions lightly though, and don't base your trades 100% off them.

Tone Vays' recent video: https://www.youtube.com/watch?v=0sZwoXzynuc

[BitcoinGirl.Club]

Looks like Tone Vays(if you know him) is quite bullish right now though...

Thank you for the video.

Heard him for the first time. Following the youTube celebrities (no disrespect) make me confuse however I find DataDash reasonable. These people are more into making money by selling their courses/contents.

[Marshall14]

Which direction we are going by the way?

We cannot know this for sure,pump and dump is the order of the market and we currently do not have the forces or powers to avert either of the above..
Definitely investors and all bitcoiners all hoped for the bitcoin to reach the moon(who wouldn't),it's not so encouraging right now,but this is a regular trend and I think we're used to this right now. 

[burky156]

I believe that no one can answer your question.. Todays world explored almost everything. The scientists cloned the sheep. So we are living in space age. There is one unanswered question in my mind in 20 years; what will happen when we die? No one can answer this question right? But now i have my second unanswered question, which is; what is behind the bitcoin and what will be bitcoin price tomorrow. No one can answer this question too..

[demenBTC]

Which direction we are going by the way?

We cannot know this for sure,pump and dump is the order of the market and we currently do not have the forces or powers to avert either of the above..
Definitely investors and all bitcoiners all hoped for the bitcoin to reach the moon(who wouldn't),it's not so encouraging right now,but this is a regular trend and I think we're used to this right now. 

right, investors will be familiar with the current market situation, this will be the basis of their future strength to be more careful, the market will not move fast for an increase this year but in a slow but sure move

[franky1]

there actually is a market / mining dynamic equilibrium

find the cheapest most efficient mining cost. and thats the baseline of value support.
when market prices move too high they always correct down closer to the mining cost range.

in short people want BTC theres 2 ways to get it
1. buying it
2. mine it

when its cheaper to mine it they will
when its cheaper to buy it they will

when they buy it the price goes up, making mining profitable
when they mine it the hashrate goes up, making mining costly

when they sell it the price goes down, making mining costly
when they dont mine it the hashrate goes down, making mining profitable

yes there is speculation layer but if you can find the bottomline mining cost you find the bottomline market value people refuse to sell below.

no one can guess when a temporary spike of speculation will happen. but if your looking for bottomline support. look for the mining cost and youll find the base value equilibrium

EG in january people woulld have started getting their S15's. imagining a whole network running s15's
the hashrate would need to be above 210exahash to have a sustainable bottomline where the price is around $25k
for those wanting a $100k btc . the hashrate would need to be about 840exa+ to keep a stable market above $100k

[BitcoinGirl.Club]

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Thanks for the nice content. You have explained well.

[proTECH77]

I think that things will come to normalcy. Few months back the price of bitcoin go worst and still yet the bearish still continue but one thing is sure that the bearish will end sooner than later. The good news about bitcoin will start coming in from January, 2019 hopefully.

[Bitcoin_Arena]

Very hard to predict which side we might swing to. As a hodler, one does not have the pressure of always looking at the price and trying to figure out what is going to happen when but one thing for sure is that i will eventually rise. We just have to be patient.

[dodgrad]

Earlier this year people thought Bitcoin price is going to cross $25k or even $50k. Now the price dropped around $4k. I guess few days ago I saw the price was around $3500. Which direction we are going by the way?

When in early 2017, the price of Bitcoin was around $900, someone told me that at the end of 2018 it will cost $3,000. I laughed because I thought that the maximum can be $1500. It turned out that it cost $20,000 at the end of the year.
Now price is $4000 and if someone tells me it will rise to $100,000, I do not laugh anymore.

[tomahawk9]

Which direction we are going by the way?

We're in no man's land at the moment, anything can happen, some people are speculating that we have yet to reach the real bottom, meaning that we could go lower (probably around the 3k mark), some others are keeping a bullish stance saying that we could reach 6k this month.

IMO we're probably going to consolidate around the current prices for what's left of 2018, unless the bears get exchausted and the bulls trigger a btc rally (highly unlikely but you never know).

[YuginKadoya]

This volatility can sure lead people to broken done but for some, it is an opportunity to make a profit, There is no one that can predict the exact price bitcoin could lead to but there is a lot of speculation that people connect with the past movement of bitcoin, Just like in the 2015 value of bitcoin we are having a bearish market back then, And this year is likely to be the same as that, So it is stumbling down and lead us to this price conclusion, But I think we can have a bull run just like what happened in 2017, In my speculation if I am not wrong it can be on the 3rd quarter of 2020 Well just my hunch.

[dimerasd]

it was silly to expect that there will be a constant growth, especially without a correction, it was expected that we would fall to the level of 4-6K, but I think that it’s not the end yet and we will break 3K before the rise

[richan]

Bitcoin is not like traditional stocks where price can be predicted based on market conditions but price are based on speculations which traders do anticipate will happen in the future. The fact that the forecast price didn't saw the day doesn't mean bitcoin won't go up again. Hope bitcoin to hit 20000USD in 2019.

[ambisyon]

No one ever knows where btc will be heading to since it is very unpredictable and most people are just into speculation. In my opinion,  I believe that btc will further grow and recover soon and it will take a longer time. People should have to be patient since what comes after the  bearish market will be bullish market soon.

[jerrison]

the price of bitcoin has been unstable sine the beginning of the year. it saw a major all-time-high of almost twenty thousand dollar as at late last year and has been dropping every month that passes by although it did maintain somewhere around six thousand dollars for a couple of months but the new dip it has taken has called for concern and people are curious as to why.

[KingScorpio]

Earlier this year people thought Bitcoin price is going to cross $25k or even $50k. Now the price dropped around $4k. I guess few days ago I saw the price was around $3500. Which direction we are going by the way?

trust me we will see the price below 1k again

[bettercrypto]

Bitcoin will be here to stay, but will not be able to go mainstream adoption yet. Cryptoenthusiasts have treated bitcoin as an asset like gold and silver, they keep accumulating them. I'm looking forward to a more useful application of bitcoin which is some kind of a decentralized and secured (not necessarily faster) system.