Bitcoin Revival is On The Way - According to a trader

[ramsdaj28]

CNBC's Seema Mody interviewed Futures Now traders, Jim Iuorio and Scott Nations last night.

Jim called the $4,000-level of bitcoin value as the PSYCHOLOGICAL LEVEL. Scott also said that he's not into this change in bitcoin value because he doesn't see the fundamentals that would drive it to a new level. Jim also added that people once tried to use gold as substitute to fiat, but they didn't like it anymore, so people searched for another substitute and that's BITCOIN.

I agree with them. Other than fiat, bitcoin is the second most popular mode of payment now esp. in the cyber era where almost everything runs through computers. Bitcoin's value might just need more time to recover esp. with these governments' new rules regarding the use of bitcoin as payment.

Your thoughts, guys? Do you think bitcoin will be soaring high again in the near future?

[pooya87]

Other than fiat, bitcoin is the second most popular mode of payment now esp.

that can't be right unless you categorize every payment method available under the term "fiat", which would include methods from banks, credit cards,... down to paypal, apple pay,.... in which case you are only separating payment methods into two groups with fiat in rank 1of2 and bitcoin in rank 2of2. otherwise bitcoin is far from being the second most popular mode of payment. if that were true price would have been $1 million at least!

Your thoughts, guys? Do you think bitcoin will be soaring high again in the near future?

obviously yes! bitcoin is just getting started, it has a long way to go before we reach mass adoption and price stability with no more rises.

[joniboini]

CNBC is very famous as a contra indicator. So if they started publishing news like this, there will be some people who believe Bitcoin is going to dump again (though this is not exactly true and more like a self fulfilling prophecy). Anyway, news or analysis about Bitcoin price most of the time is wrong.

[Kakmakr]

I think a lot of Gold traders also see the threat of investing into something where a centralized authority holds they key to your wealth. This is not the same with Bitcoin, when you invest in Bitcoin, you hold the key. <The Private key>

They also realized over the years that Gold cartels are manipulating the Gold price too and many people believe that the actual Gold that should be stored in some vault, might not be there anymore. <Example : Fort Knox>

[alisafidel58]

Your thoughts, guys? Do you think bitcoin will be soaring high again in the near future?

Of course, Even though there were regulations came up after the last bull run I think that slowly bitcoin price will gain value. The bad thing about bitcoin and why the government is against it (just not decentralized) is because of its volatility. Back in early 2018, the bubble explodes and a lot of new investors lots a lot of money.

[eagle10]

CNBC's Seema Mody interviewed Futures Now traders, Jim Iuorio and Scott Nations last night.

Jim called the $4,000-level of bitcoin value as the PSYCHOLOGICAL LEVEL. Scott also said that he's not into this change in bitcoin value because he doesn't see the fundamentals that would drive it to a new level. Jim also added that people once tried to use gold as substitute to fiat, but they didn't like it anymore, so people searched for another substitute and that's BITCOIN.

I agree with them. Other than fiat, bitcoin is the second most popular mode of payment now esp. in the cyber era where almost everything runs through computers. Bitcoin's value might just need more time to recover esp. with these governments' new rules regarding the use of bitcoin as payment.

Your thoughts, guys? Do you think bitcoin will be soaring high again in the near future?

Bitcoin is a good way to send money anywhere / everywhere in the world at an instant that's why many are attracted to how the bitcoin is used in sending and receiving money aside of buying and selling online to those who accept cryptocurrency. Whatever the market condition is, the journey of bitcoin is still early to tell and people accept the fact that it will stay long because of its usefulness and revival is not a question but how it will rebound sooner.

[aad140386]

I do not really believe in various analytical predictions. Recall how Tom Lee predicted Bitcoin at $ 20,000 by the end of 2018. Then he changed his forecast, and said that Bitcoin would cost $ 10,000, but this forecast did not come true. And he is quite a famous person in the field of cryptocurrency. In fact, no one knows how the price will move on. All these analytical predictions are just fortune telling. If their predictions come true, they always say that they were right, and if they do not come true, then they just keep silent about it. You must monitor the market and trading volume.

[whotookmycrypto]

I do not really believe in various analytical predictions. Recall how Tom Lee predicted Bitcoin at $ 20,000 by the end of 2018. Then he changed his forecast, and said that Bitcoin would cost $ 10,000, but this forecast did not come true. And he is quite a famous person in the field of cryptocurrency. In fact, no one knows how the price will move on. All these analytical predictions are just fortune telling. If their predictions come true, they always say that they were right, and if they do not come true, then they just keep silent about it. You must monitor the market and trading volume.

LOL. And he has since given up on predicting prices.

https://ethereumworldnews.com/tom-lee-wont-predict-btc-price/

Got to love the entertainment in crypto. It's a circus.

[traderethereum]

CNBC's Seema Mody interviewed Futures Now traders, Jim Iuorio and Scott Nations last night.

Jim called the $4,000-level of bitcoin value as the PSYCHOLOGICAL LEVEL. Scott also said that he's not into this change in bitcoin value because he doesn't see the fundamentals that would drive it to a new level. Jim also added that people once tried to use gold as substitute to fiat, but they didn't like it anymore, so people searched for another substitute and that's BITCOIN.

I agree with them. Other than fiat, bitcoin is the second most popular mode of payment now esp. in the cyber era where almost everything runs through computers. Bitcoin's value might just need more time to recover esp. with these governments' new rules regarding the use of bitcoin as payment.

Your thoughts, guys? Do you think bitcoin will be soaring high again in the near future?

Yes, bitcoin will be soaring high in the future although it still a mystery for us but I am sure it will happen. As we know, the cyber era will change the traditional era although many people don't like it, they need to follow the journey if they still want to live in his world.
I think the governments will accepting bitcoin as the new payment method besides the old payment method because we want to use the technology that could bring us to a better life in the future. Yes, bitcoin needs more time to grow and it will.
I don't use fundamental as my analysis, but I read all of the news for my guidance for analyzing the price and the trend, I prefer to make my own analysis than to use the other people analyze.

[cizatext]

The recent price increase above $4000 is a great sign that bitcoin is still sustaining it position as the dominant cryptocurrency despite the fact that the rise has any event attached to it, and many traders have made a lot of comments about the future of the market but since bitcoin is a highly volatile market price we can only predict and wait for the out come.

[jakelyson]

Your thoughts, guys? Do you think bitcoin will be soaring high again in the near future?

When you said, the near future, do you mean within 6 months? I do not think so. In my opinion, bitcoin will be remaining in this price range for quite some time. It won't be soaring high or reaching new ATH for a long time. Just like how long it takes to recover from the first time bitcoin peaked and fell hard. But bitcoin is so fickle, I can be wrong and suddenly push for new highs.

[Zadicar]

Your thoughts, guys? Do you think bitcoin will be soaring high again in the near future?

Gold has never been considered as an option to replace fiat.People do see its value but it would just retain as it should be.Government will surely
not allow such thing to happen. Bitcoin is great tech but we cant presume that this is the 2nd thing comes to fiat when it comes to financial system.
It would really just acts as an alternative always.

[Haunebu]

I do not really believe in various analytical predictions. Recall how Tom Lee predicted Bitcoin at $ 20,000 by the end of 2018. Then he changed his forecast, and said that Bitcoin would cost $ 10,000, but this forecast did not come true. And he is quite a famous person in the field of cryptocurrency. In fact, no one knows how the price will move on. All these analytical predictions are just fortune telling. If their predictions come true, they always say that they were right, and if they do not come true, then they just keep silent about it. You must monitor the market and trading volume.

LOL. And he has since given up on predicting prices.

https://ethereumworldnews.com/tom-lee-wont-predict-btc-price/

Got to love the entertainment in crypto. It's a circus.

It is a circus indeed. I still remember Mcafee saying he would eat his own private part if Bitcoin does not rise above $500k in a short period of time. He is now currently running from the government and hiding on ships. That guy is hilarious.

The only proper time for BTC to rise in value is through the upcoming halvening event which might send BTC to a price of $10k or something close to it in my opinion.

[Erickan]

I think bitcoins in the short term will not be able to pass $ 4200, which is a solid barrier that bitcoin has tried hard but not broken. Moreover, trading volume shows no significant increase, so I think bitcoin will continue to go down to $ 3100. But I still believe that as many people here are bitcoin in the long term, there will be recovery, but I don't think prices will grow like 2017. Because many recent reports indicate that the 2017 year has a lot of manipulation for the cryptocurrency market, prices are inflated. The trading volume on CMC is also incorrect, mostly forged.

[whotookmycrypto]

It is a circus indeed. I still remember Mcafee saying he would eat his own private part if Bitcoin does not rise above $500k in a short period of time. He is now currently running from the government and hiding on ships. That guy is hilarious.

The only proper time for BTC to rise in value is through the upcoming halvening event which might send BTC to a price of $10k or something close to it in my opinion.

LOL. It was actually a million.

https://twitter.com/officialmcafee/status/1098773528579588102

And not just running from governments. He has a favourite past time: https://www.scatcoin.fun/

[MakeMoneyBtc]

Bitcoin is definitely heading in the right direction because in the last day the price has been steadily going up little by little. If it continues like that sooner of later the bull run should start and pump the price to a new high level as we have seen in 2017. Regarding to that trader's analysis I usually don't belive this kind of predictions and that's because there are dozens of it and it's impossible to follow just one since they all seem logical and are said by pretty famous persons.

[BitcoinHodler]

I do not really believe in various analytical predictions. Recall how Tom Lee predicted Bitcoin at $ 20,000 by the end of 2018. Then he changed his forecast, and said that Bitcoin would cost $ 10,000, but this forecast did not come true. And he is quite a famous person in the field of cryptocurrency. In fact, no one knows how the price will move on. All these analytical predictions are just fortune telling. If their predictions come true, they always say that they were right, and if they do not come true, then they just keep silent about it. You must monitor the market and trading volume.

LOL. And he has since given up on predicting prices.

https://ethereumworldnews.com/tom-lee-wont-predict-btc-price/

Got to love the entertainment in crypto. It's a circus.

i wouldn't really trust news sites at all specially those unknown low traffic ones  that keep publishing imaginary news like this one. they both exaggerated Tom Lee when he was predicting price and now they are again doing the same when he isn't.

[lyks15]

Yes I think bitcoin will be soaring high again very soon. Because there so many companies or tie up that going to invest and take the partnership wuth the bitcoin. Not only a regular company but most of them are the biggest and leading companies in industry so we can say that people's trust is now coming back to bitcoin and it will be the reason why bitcoin's will be rise again.

[reda]

Bitcoin is definitely heading in the right direction because in the last day the price has been steadily going up little by little. If it continues like that sooner of later the bull run should start and pump the price to a new high level as we have seen in 2017. Regarding to that trader's analysis I usually don't belive this kind of predictions and that's because there are dozens of it and it's impossible to follow just one since they all seem logical and are said by pretty famous persons.

Hoping is the only things we can have on bitcoin or any altcoins. Actually we need reasons to find such growth we saw in December 2017. I suggest to hodl the funds until the market recovered.

According to trader or hodler, nothing will change upon our own wishes. Market trend many fall down again coming monday or keep going. Last few weeks price oscillating like that only. Lets wait and then decide.

[qiwoman2]

So far we have stayed in a sideways action for a while, which can only be a good thing right now because in August we have LTC halving and then Bitcoin halving next year, so I am really beginning to think we can only do better from here. I notice too on the Coinmarketcap site that the biggest gainers of the day are huge compared to the biggest losers of the day. So many people are trading altcoins to accumulate big amounts of Bitcoin. Let's see if there is going to be a break out later in the year or early next year as we prepare for the big Bitcoin halving event that takes place every four years. This could be another chance to accumulate good stuff.