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

[Ompyon]

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.

right, there is always a good chance, when conditions are bad, and bitcoin always gives a surprise surprise, when the price rises uncontrollably, everyone is shocked, and when it falls sharply everyone is surprised, so from now on get used to understanding the price movements of bitcoin so that in the future it doesn't make a wrong decision.

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[Wingleness]

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?

No one knows the direction it's going at the moment though, best option is to follow the market trend. Whatever direction it tilt to then we follow suite.

[kotajikikox]

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?

Meaning bitcoin aren't moving or increasing from the speculation, according from the people i heard bitcoin as currency up or down their price depend on the people speculation and prediction including good news and fake news.

But not true bitcoin moves itself as volatile cryptocurrency the proof is ven the financial expert was failed to predict bitcoin price! But i still believe there's have time for bitcoin value stability.

[Vinz1978]

I think bitcoin will rise again because bigtime bitcoin holders will not allow bitcoin price to go very low. For sure price manipulation will occur again, expect dumps and pumps. I'm a bitcoin believer, so I believe in "Buy the dips."

[mk4]

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.

Well, yea. While they do make money through their courses or referral links, I wouldn't count them out immediately. I'd prefer people to make money through making courses that teach technical analysis and referral links of reputable exchanges and trading tools rather than people selling access to those scammy "trading signals" group.

Also, yes. I think DataDash is good too.

[Gargo]

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?

Meaning bitcoin aren't moving or increasing from the speculation, according from the people i heard bitcoin as currency up or down their price depend on the people speculation and prediction including good news and fake news.

But not true bitcoin moves itself as volatile cryptocurrency the proof is ven the financial expert was failed to predict bitcoin price! But i still believe there's have time for bitcoin value stability.

Yes of course! Everyone is suddenly very surprised by what happened to the price of Bitcoin! Not true! Only those who became interested in Bitcoin in the last two years are surprised. Anyone who remembers the previous bubble is not surprised at all by this situation.. and will not be surprised by another bubble and new ATH over $100k 

[franky1]

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.

Well, yea. While they do make money through their courses or referral links, I wouldn't count them out immediately. I'd prefer people to make money through making courses that teach technical analysis and referral links of reputable exchanges and trading tools rather than people selling access to those scammy "trading signals" group.

Also, yes. I think DataDash is good too.

if a youtuber is selling courses. usually they are not successful trading. thus have to make secondary income from youtube.
if a youtuber is selling courses. usually they are not successful trading or youtube so they have to sell courses.

a good way to spot a bad youtube trader
1. when they talk. they only talk about a line THEY hand drew on a chart where they just chose 2 points and drew a line.
these people are not Technical Analysts. they are what i cal Trend Anals
2. if they then use media as their non market external data

good and proper TA use:
UTXO movements/stats
mining hashrate
mining costs
coins moved per block
arbitrage data

so if you see a youtuber just looking at a btc<>usd chart and drawing a line and mentioning 'back in 2013'.. unfollow them

[mk4]

*snip*

I agree. Hence why I always recommend to take these YouTube trader's opinions and analyses really really lightly. I pretty much just watch some of them to hear the opinions of different people with different ways of looking at things.

I'm pretty sure the extremely successful traders that are making big bucks aren't making videos and courses but instead are just at their homes in their pajamas.

[hawkins]

there is no definite thing in the prediction, because after all no one can predict 100% on this issue. therefore, do not believe in any predictions without information. however, many believe that bitcoin has the potential for it, and if not this year, it will happen next year. remain optimistic.

[BitcoinGirl.Club]

a good way to spot a bad youtube trader
1. when they talk. they only talk about a line THEY hand drew on a chart where they just chose 2 points and drew a line.
these people are not Technical Analysts. they are what i cal Trend Anals
2. if they then use media as their non market external data

good and proper TA use:
UTXO movements/stats
mining hashrate
mining costs
coins moved per block
arbitrage data

so if you see a youtuber just looking at a btc<>usd chart and drawing a line and mentioning 'back in 2013'.. unfollow them

Quoting for future reference and study.
Very good content mate. I left a couple merit for you. Thanks.

[Wilhelm]

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

Dream on

[Harlot]

I am quite a bit surprised that this question is being asked by a hero member in the community usually it is the other way around as newbie members are the most likely ones that are clueless when it comes to where prices are heading. But to tell you what my thoughts are about Bitcoin, I see that Bitcoin retracted its consolidation level from 6,000$ to 4,000$ which just show that we might still be bearish for a while. At this point all we can do now is to watch on whether it will attempt a break out or a break down towards the end of this consolidation.

[Indrawan77]

It's depends in the time range, if you are asking about the price this year then it will around 4000$, but for the future it can rise higher, for sure I don't see bitcoin is going to fall under 1000$, the situation now is quite bad, the market is unstable and full of manipulation but there are good and positive news that coming, so if we keep on encourage people to used bitcoin then bitcoin will recover faster and the price will rise higher

[Idrisu]

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?

If you have been following this market you should know that bitcoin has been fluctuating for years now and what you are seeing now is not new to long term traders.  Those that has strong mind are buying now and those that are scared of price falling are avoiding the market.

[HardyGoodsLtd]

the price will half again, to around 2k, wont start rising again till mid june.

just my opinion tho.

[Febo]

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?

Price will be pretty much stable most of 2019. Probably at the end of the year price will be higher then right now.

[ausbit]

This happened to many people back in the day as well. There was a lot of people who happened to have bitcoin right at the early stages and when the price soared to 30! dollars a lot of them came back to sell. Guess what they are feeling right now So don't be sad that bitcoin is 4 thousand dollars right now, be happy that it is 4 thousand dollars. We wouldn't be even guessing a world where bitcoin was 4 thousand dollars just couple years ago when I was getting in. When it was about 150 dollars I thought 250 was the max it could reach with how it was used. Now there are ETF talks going around and people are really sad because it went DOWN to 4 thousand dollars. People like me who have been around for a long time are still shocked to think that bitcoin price is 4 thousand dollars. We are still at early stages if you consider it that way.

[peter0425]

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?

Again, this market is based on pure speculation and it bubbled around the $20k mark that's why the price suddenly goes on a dramatic downtrend. Yes, its hard to see the price hovering around the $3500-$4000 mark specially when it was very stable around the $6000-$6500 just a month ago and it seems we're having hard time bouncing after that. With that said, I think the price will remain at $4k before the end of the year because there's no catalyst that will fuel a reversal. We can only hope that 2019 will be the beginning of a bull run because of the BAKKT future offerings.

[Thirdspace]

Which direction we are going by the way?

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

that's for sure... whichever direction the market decides and of course influenced by a lot of factors
some will try to predict it and the rest will follow whoever they think come up with the best prediction  
then buy and sell happens, they are trying to make their predictions to happen
whichever stronger side will drive the price to its direction

[Adriano2010]

I think the price will stay in range 3700-4000$ for some time and also i think we will have a bull run and a grow in price but only next year. So i will still hold for now and also i will get more bitcoin and i will hold until i need some cash money but i will not sell all my coins.