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Author Topic: Bitcoin Price Plunge to $3,700 Expected, Say Traders  (Read 320 times)
robelneo
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February 22, 2019, 11:35:40 PM
 #1

Bitcoin price almost reached the $4000 level according to coinmarketcap $3,997.42 USD (1.19%) but we are not yet on a bull run and the price is expected to go down again but there is a blessing attached on it


https://www.ccn.com/bitcoin-price-fall-3700-good-for-crypto

What are your thoughts?



 
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February 22, 2019, 11:52:49 PM
 #2

What are your thoughts?

It's always like this, there's a lot of speculation last year that it will grow up but nothing happens. My advice is to chill out and wait for the bump, solve it using standard deviation for you to know that it will grow up. Spreading this kind of article/news is non-sense 'cause some of it are not accurate.

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February 23, 2019, 12:50:25 AM
 #3

Traders are repeating this because they want it to happen and want to increase their chances. When you know something will happen and nobody else knows you keep it to yourself to make money on it. When you know it won't happen without the masses participating you try to make them participate.

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February 23, 2019, 12:58:34 AM
 #4

Traders are repeating this because they want it to happen and want to increase their chances. When you know something will happen and nobody else knows you keep it to yourself to make money on it. When you know it won't happen without the masses participating you try to make them participate.

yes it does help actually  . sharing your thoughts to others can also make them more interested and attracted towards investing on cryptos . now if the info have spread across different forums or on any other social media sites  , that can probably cause a massive pump in the price and that is a good thing because your efforts arent wasted  but keep in mind that the pump couldnt last forever as cryptos will always tend to fluctuate from time to time  .
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February 23, 2019, 01:00:05 AM
 #5

No one really knows what's going to happen and those you probably know are never going to share that information. There are dozens of traders and each one of them has a different speculation so the odds are even.Price could go either up or down anytime and we can't do anything to change that so we just have to wait and see. Anyway, for me one thing is certain. I think this year bull run will start and the price will at least double in the next month.
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February 23, 2019, 01:42:45 AM
 #6

Bitcoin price almost reached the $4000 level according to coinmarketcap $3,997.42 USD (1.19%) but we are not yet on a bull run and the price is expected to go down again but there is a blessing attached on it


https://www.ccn.com/bitcoin-price-fall-3700-good-for-crypto

What are your thoughts?



Its hard to tell the possible trend but I think we already hit $4000, a little short to break that wall but I think there will be no more dump as we are growing everyday. Bitcoin price will become more expensive again, its time to wake up the bulls. Just hold for now, and don’t panic if there’s a dump because you will just lose money and the opportunity to earn.

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February 23, 2019, 06:17:03 AM
 #7

the terminology that these shitty news sites such as ccn use are so funny sometimes Cheesy

"plunge" to $3700. and the even funnier part is that this kind of drop is not even considered a "plunge" in any other market. if you for example tell some expert stock trader that some asset "plunged" 1-2% they will laugh their asses off, and if you tell them it was bitcoin they will probably die of laughter since we don't even consider 10% a "plunge" let alone a tiny 1-2% drop.

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February 23, 2019, 06:18:56 AM
 #8

The uptrend has stopped and we might see a pull back soon, I'm hoping it will recover gain.
I'm more unto long term trade so I'm expect a bigger price, of course bigger than $4200 based on the prediction.
If the trend will continue it's all good for us, I haven't see this kind of great volume for awhile, once we crossed over $4000, a real run will start.

Bitcoin price almost reached the $4000 level according to coinmarketcap $3,997.42 USD (1.19%) but we are not yet on a bull run and the price is expected to go down again but there is a blessing attached on it


https://www.ccn.com/bitcoin-price-fall-3700-good-for-crypto

What are your thoughts?



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February 23, 2019, 06:46:15 AM
 #9

Bitcoin price almost reached the $4000 level according to coinmarketcap $3,997.42 USD (1.19%) but we are not yet on a bull run and the price is expected to go down again but there is a blessing attached on it


https://www.ccn.com/bitcoin-price-fall-3700-good-for-crypto

What are your thoughts?




I was expecting that bull trap.It's funny to see how many optimistic bullish posts appeared on the forum during the last 2 days.All the noobs posting "the price is going up,are we goona see an ATH soon"... Grin
John McAfee went out of his rabbit hole to make some ridiculious predictions again. Grin
It's all over,let's keep waiting and HODLing...
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February 23, 2019, 06:54:19 AM
 #10

Bitcoin price almost reached the $4000 level according to coinmarketcap $3,997.42 USD (1.19%) but we are not yet on a bull run and the price is expected to go down again but there is a blessing attached on it


https://www.ccn.com/bitcoin-price-fall-3700-good-for-crypto

What are your thoughts?



For the past three days bitcoin has tried to break $4000 arear but it seemed very difficult and that means it is going to fall back a little towards $3700 in other to gather momentum for next bull run.  However it seems the long bearish market is about to be over.
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February 23, 2019, 07:37:53 AM
 #11

- Expect plunge to a new low for 2019, if not one even lower than 2018's low. This has been the expectation for a while now, get on with the programme;)
- The longer this "bear", the better. It's already a blessing for anyone who missed out on pre 2017 bull, like yours truly.
- Still too many bulls not yet consigned to defeat. That's always a big sign it ain't over and we're still in the woods with the bears.

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February 23, 2019, 07:46:02 AM
 #12

a $200 dip is considered a "plunge" now? Roll Eyes

but yeah, this might end up bart topping. if i weren't already long from lower, i'd look for a ~61.8% ish retrace of the 2/18 rally to get in. it would be a dip buying opportunity IMO. this rally still has legs.

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February 23, 2019, 08:13:16 AM
Merited by figmentofmyass (1)
 #13

I think we will EITHER go up from here to $4200, break it and head into the $4500-6000 area. Which means that we are at the bottom pivot right now.

Or we end up going lower and retesting the $3100 or 200WMA area.

Looking at the weekly chart shows that since Dec 2017, Bitcoin hasn't been able to close above a weekly candle pivot. So the $4200 is the real test.

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February 23, 2019, 08:47:36 AM
 #14

I think we will EITHER go up from here to $4200, break it and head into the $4500-6000 area. Which means that we are at the bottom pivot right now.

Or we end up going lower and retesting the $3100 or 200WMA area.

Looking at the weekly chart shows that since Dec 2017, Bitcoin hasn't been able to close above a weekly candle pivot. So the $4200 is the real test.

yup, we're really close to making the first higher high since the 2017 top. so i figure, if we break $4200, there should be a real short squeeze towards $5k-$6k as bears and old money pile back into the market. that's my current bet.

either way, i still think we have a long, painful grind ahead of us for most/all of 2019. and i'm not sure $3100 is the lowest we'll go either.

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February 23, 2019, 08:55:29 AM
 #15

I think we will EITHER go up from here to $4200, break it and head into the $4500-6000 area. Which means that we are at the bottom pivot right now.

Or we end up going lower and retesting the $3100 or 200WMA area.

Looking at the weekly chart shows that since Dec 2017, Bitcoin hasn't been able to close above a weekly candle pivot. So the $4200 is the real test.
Probably this time surely we'll head towards $4500-$6000, because already we've experienced the similar growth pattern where bitcoin crossed and once again went back to $3600 range in no time. Upon that this time the growth will continue gaining resistance around the $4200 price point.

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February 23, 2019, 09:11:38 AM
 #16

there was no plunge, what i see is still the same $3920 on exchanges which means any price that you (or the article that was quoted) saw was the normal daily fluctuations and the price is still on the verge of a breakout above the big resistance at $4k which can then lead to the subsequent rises and "official" end of this accumulation phase.

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February 23, 2019, 01:14:46 PM
 #17

the terminology that these shitty news sites such as ccn use are so funny sometimes Cheesy

"plunge" to $3700. and the even funnier part is that this kind of drop is not even considered a "plunge" in any other market. if you for example tell some expert stock trader that some asset "plunged" 1-2% they will laugh their asses off, and if you tell them it was bitcoin they will probably die of laughter since we don't even consider 10% a "plunge" let alone a tiny 1-2% drop.
You are right! Sometimes their terminologies aren't really right at all.They should really based on the actual percentage on where the word "plunge" would fit.I've been
reading up every now and then or everywhere about start of the bull run? With that price increase its just a typical normal day on crypto.Small percentage rise or decrease
wont really even surprise me.

 
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February 23, 2019, 02:13:59 PM
 #18

Bitcoin price almost reached the $4000 level according to coinmarketcap $3,997.42 USD (1.19%) but we are not yet on a bull run and the price is expected to go down again but there is a blessing attached on it


https://www.ccn.com/bitcoin-price-fall-3700-good-for-crypto

What are your thoughts?
That wouldn't be shocking at all. Bitcoin always goes up and down, that is what bitcoin has done since it has started, this is not a marginal school of thought neither its just $3700 to begin with so why would that be news worthy to begin with.

Bitcoin was about around $3400 just a week ago or so, that means we have moved from $3400 to $4000 pretty quickly, moving under $3000 would have been a news worthy thing or going above $4500 would have been news worthy but moving to $3700 would be something everyone could expect and accept.

It is not in our intention to see bitcoin fall and we hope it always goes up and never drops but in reality that is not the case and we fail to calculate the fact that bitcoin is speculative so there needs to be ups and downs in order for traders to take profits and reenter the game.


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February 23, 2019, 05:39:10 PM
 #19

No one really knows what's going to happen and those you probably know are never going to share that information. There are dozens of traders and each one of them has a different speculation so the odds are even.Price could go either up or down anytime and we can't do anything to change that so we just have to wait and see. Anyway, for me one thing is certain. I think this year bull run will start and the price will at least double in the next month.
Meanwhile, I will try my chance to trade bitcoin pair usdt, and who knows I can make a profit even if it's small. I am okay with the up and down of the price because we could try to search the opportunity to make that profit. But yes, I realize that this situation will be riskier since no one will know where the price will go. Only with deeper analyze, we can try to make a buy and sell, but if we cannot make any analysis, then it's better to leave the market for a while.

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February 23, 2019, 06:01:47 PM
 #20

More to come the price of bitcoin is not over $4100 and it keeps increasing definitely some positive things happening since 2019 so better keep up the hope and expecting more price increase in the upcoming weeks.
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