Bitcoin Price Holds Above $9k

[cryptoangel]

Although it occassionaly drops to near breaking the $9k, it still holds up and I'm positive that the next bull run will soon happen. I'm not quite sure how that IPO might affect bitcoin. As far as I know, IPOs are for the stock market and is separate from ICOs for cryptocurrencies. If they would also enter the crypto-market, then that could be quite huge. But until now, the price is still struggling to reach an uptrend.

Mostly all the investors are waiting for next bull run, so this month we expect some good growing on crypto market. Nowadays we always active in crypto market so 9k or 15k we can buy Bitcoin it will growing upcoming trend. No one consider the stock market because both are different from trading. So huge volume projects are make good success on all the time.

[AliMan]

Although it occassionaly drops to near breaking the $9k, it still holds up and I'm positive that the next bull run will soon happen. I'm not quite sure how that IPO might affect bitcoin. As far as I know, IPOs are for the stock market and is separate from ICOs for cryptocurrencies. If they would also enter the crypto-market, then that could be quite huge. But until now, the price is still struggling to reach an uptrend.

It wouldn't be easy for them to withstand on this struggling market, since were in the midst of unpredictable scenario for each and every crypto. I was not so familiar with that IPO, and what I am focused as of now is for bitcoin together with other promising altcoin assets. They can't combine stock market and cryptocurrency, it would be a huge coverage for them as they would desire to pursue those plans without enough resources, unless some whales will do some tricky rides as well.

[barota]

yes ; it seem bitcoin hold above level 9000 usd per btc. price rise up 9500 usd per btc many time but it fall with 3-5 percent ; the thing important is that prices hold above 9000 usd per btc . i think prices can rise to level 12000 usd per btc at any time and who sell and buy for short term many times they will find some dificult for buying and selling

[Theb]

As suspected Bitcoinist is doing these Bitcoin vs. Stocks kind of comparisons when it comes to gains, I just posted a reply in one of the threads in the Press section with a different Bitcoinist article but the same point. Are they running out of ideas on creating articles that they resorted to comparing Bitcoin to returns of blue chip stocks in the market? Like what I have posted in that section Bitcoin might have higher returns but Bitcoinist is comparing it to returns given by blue chip companies not to mention a more stable asset. We may have higher returns but the risk is more than doubled compared to traditional markets we have, the volatility alone can cause a lot of people to lose money while trading.

[Dart18]

I am more worried about the players of bitcoin who bought before the $20k mark.
Up until now their bitcoin are intact and cannot get back their ROI.

Despite all of that, it looks like bitcoin once again proved that it had more demand and usage than any other commodities out there or should we say the competition is just not better than it.
XRP, BCH or any clone coin out there are staying with their value or maybe lesser now.

[Taskford]

Although it occassionaly drops to near breaking the $9k, it still holds up and I'm positive that the next bull run will soon happen. I'm not quite sure how that IPO might affect bitcoin. As far as I know, IPOs are for the stock market and is separate from ICOs for cryptocurrencies. If they would also enter the crypto-market, then that could be quite huge. But until now, the price is still struggling to reach an uptrend.

Mostly all the investors are waiting for next bull run, so this month we expect some good growing on crypto market. Nowadays we always active in crypto market so 9k or 15k we can buy Bitcoin it will growing upcoming trend. No one consider the stock market because both are different from trading. So huge volume projects are make good success on all the time.

Not mostly but actually all waiting for the bull run to come and since the halving will come next month provably we can see a great price upward movements since it show on characteristic bitcoins itself as history shows, but let's not assume to much since the scenario way back 2017 is little different today since we struggle for so many day it's because bear market strikes and hopefully those huge investors is not annoyed and will find the great value of halving so that we can see a big streak on price rally.

[Finestream]

Let's see if they could attract investors on there crowdsale.

They have a good financial record which means they are profitable and most investors are looking for projects that has a working product already, them, they don't just have a working product but they are profitable as well, its almost a safe and guaranteed investment but let see what are the criteria when the IPO is already live.

[ecnalubma]

Aramco company has valuation of $1.5 trillion however apple has $900 billion, its clearly a mismatch if you compare it with Bitcoin with still dwarfed in valuation with those giant companies.

But one imagines that return on investment will still pale into insignificance compared to Bitcoin.

But this make sense, because IPO’s ROI are practically good for long term however in Bitcoin prices are actively changing every moment could also make quick profit in short period of time.

[Jating]

The world’s most profitable company, today announced that it is going public, in what could be the biggest ever IPO. The oil giant, Saudi Aramco, posted an H1 profit of $46.9bn in 2019, compared to Apple’s $21.6bn in the same period. But one imagines that return on investment will still pale into insignificance compared to Bitcoin.

https://bitcoinist.com/sunday-digest-bitcoin-price-holds-usd-9k-other-headlines/

We can't compare and return of investments in the first place. I mean they are a registered company while we all know that bitcoin is a free market and open for everyone.

But it will be really interesting how much they could raise here, they already have the money as we all know who the backer of Saudi Aramco, and to be honest though, why do they need to go to IPO when have been billions of reserves already. And to be honest, I don't see any connections of crypto from IPO that Saudi Aramco is planning. And it you read the article, they just inserted it for the sake of comparison, maybe just another shitty and the OP somewhat mislead us by quoting it here.

[alexsandria]

The world’s most profitable company, today announced that it is going public, in what could be the biggest ever IPO. The oil giant, Saudi Aramco, posted an H1 profit of $46.9bn in 2019, compared to Apple’s $21.6bn in the same period. But one imagines that return on investment will still pale into insignificance compared to Bitcoin.

https://bitcoinist.com/sunday-digest-bitcoin-price-holds-usd-9k-other-headlines/

The aren't even close to each other though. Oil has been a necessity and will always been a necessity specially the world continuously progressing. On the other hand, bitcoin ain't never been like that nor known by every other people. So comparing oil to bitcoin has no point though. Imagining the huge return like that is close to being impossible. Well that would be a lot of gain though, in addition, when certain price comes like that it is more likely the world has faced and accept crypto currency totally.

[Google+]

I think this is because many investors are holding sell orders by placing buy orders so that when many are selling bitcoin the price will still be stable around $9k and after the bitcoin price there is good news bitcoin will soar high and many investors will start moving to raise prices bitcoin to be able to provoke market conditions so that there will be many other investors who come to buy bitcoin.

[Apened]

The world’s most profitable company, today announced that it is going public, in what could be the biggest ever IPO. The oil giant, Saudi Aramco, posted an H1 profit of $46.9bn in 2019, compared to Apple’s $21.6bn in the same period. But one imagines that return on investment will still pale into insignificance compared to Bitcoin.

https://bitcoinist.com/sunday-digest-bitcoin-price-holds-usd-9k-other-headlines/

I'm thinking what was the relation of the title to the news or idea that you've share this belongs to other threads. Anyway., Bitcoin holds $9000 that is a good positive sign of potential bull market much more if we closes above 9550 as of now to continue going up above 10k mark.
With regards to your shared idea. It is one of the biggest IPO in history well it is on stock but not in crypto.

[audaciousbeing]

While its nice to have seen some stability in price of above 9k in the last couple of days but its not something to rest on because it might not take more then hours for price to come down crashing back to the point where rallying is what that would be discusses while other people would be looking for reasons as to why.

However, comparing bitcoin with a company operating in the economy might not be the right move because for the company going public means its going to be subjected to some high level scrutiny which might either hamper its growth or otherwise and the fact that its profitable in the first quarter does not mean its going to remain so.

[justdimin]

It looks like scenarios are almost always exactly the same, we have went down before and then we went up as well, this time around we went down once again and we are going up too. It is just an endless cycle of bitcoin, let me tell you what will happen in bitcoin next, I am great at predicting bitcoin prices and movements because I am a great mind and expert (lol) bitcoin will move one direction and then it will move to other direction and then it will move to first direction again and then opposite again. This will continue for years and years even decades until we figure out a system that is better than even bitcoin.

Hence, there is nothing to worry about, either price will be $13k then $10k or $7k then $10k but it will always gets a mean average and sometimes it has some rallies that makes it stupidly high or low than goes to other direction after some months. Nothing new will ever happen to bitcoin, it will never go just up without down or just down without up.

[Hamphser]

I think this is because many investors are holding sell orders by placing buy orders so that when many are selling bitcoin the price will still be stable around $9k and after the bitcoin price there is good news bitcoin will soar high and many investors will start moving to raise prices bitcoin to be able to provoke market conditions so that there will be many other investors who come to buy bitcoin.

I guess do since the week volume is showing that the price would probably go down if this continues. I'm initially hoping that this price will continue to stay at this stable price for a week or so. The price is just currently staying at $9,100 to $9,300 at least. $10,000 might be another story for a week if the market volume change.

[teosanru]

The world’s most profitable company, today announced that it is going public, in what could be the biggest ever IPO. The oil giant, Saudi Aramco, posted an H1 profit of $46.9bn in 2019, compared to Apple’s $21.6bn in the same period. But one imagines that return on investment will still pale into insignificance compared to Bitcoin.

https://bitcoinist.com/sunday-digest-bitcoin-price-holds-usd-9k-other-headlines/

You cannot really compare everything with bitcoin as it's quite unfair. Bitcoin doesn't moves on the pathways of normal economic derivatives. All the shares, futures & other derivatives have their own pace and volatility and no matter which company brings one they will still move at the same pace. Moreover if we look at this from another point of view these shares already have some intrinsic price which is really pretty much known to everyone in the market which is why it can't provide such returns because market brings it back at that value while when it comes to bitcoin measuring it's intrinsic value is pretty much impossible which is why it moves merely with the wind of the market. If you see it another way then this company wouldn't even give a 80% loss to someone like bitcoin did to ones who bought at 19k.

[bitzizzix]

I think this is because many investors are holding sell orders by placing buy orders so that when many are selling bitcoin the price will still be stable around $9k and after the bitcoin price there is good news bitcoin will soar high and many investors will start moving to raise prices bitcoin to be able to provoke market conditions so that there will be many other investors who come to buy bitcoin.

I guess do since the week volume is showing that the price would probably go down if this continues. I'm initially hoping that this price will continue to stay at this stable price for a week or so. The price is just currently staying at $9,100 to $9,300 at least. $10,000 might be another story for a week if the market volume change.

It could be that the decline will happen once again, but that is not what we expected and now the price of bitcoin is holding at $ 9,000 or more and makes investors hesitate to invest because the decline can occur suddenly and there is also the possibility that investors are waiting for the right time right.
but I am optimistic that bitcoin will continue to increase gradually in the next few weeks or at the end of the year and around $ 10,000 to $ 12,000.

[AjithBtc]

The market crashed, and the recovery happened all of the sudden when there is more speculation about the price of bitcoin falling low. This means the market is gaining more resistance for growth than decline in the price. Once after recovering from $7500 the price has been standing high fluctuating within specific range which means the price holds above $9000.

[Fatunad]

The market crashed, and the recovery happened all of the sudden when there is more speculation about the price of bitcoin falling low. This means the market is gaining more resistance for growth than decline in the price. Once after recovering from $7500 the price has been standing high fluctuating within specific range which means the price holds above $9000.

The sudden recovery of the price has caused by a huge buying of btc supply. I am not sure who's doing it maybe the whales? Or its just the market sentiments. Btc is holding above $9,000 because there still investors who keeps selling while others are accumulating.

[Jating]

The market crashed, and the recovery happened all of the sudden when there is more speculation about the price of bitcoin falling low. This means the market is gaining more resistance for growth than decline in the price. Once after recovering from $7500 the price has been standing high fluctuating within specific range which means the price holds above $9000.

The sudden recovery of the price has caused by a huge buying of btc supply. I am not sure who's doing it maybe the whales? Or its just the market sentiments. Btc is holding above $9,000 because there still investors who keeps selling while others are accumulating.

That's what we call support levels, until it is broken.

So far the support is very strong at $9k levels, fluctuations seems to be lessen and been trading sideways again. Might be a good indication that many investors are playing it safe or simply shorting bitcoin and take profits if the opportunity presents itself. The real mooning here is 2020, specially after the block halving and we could be seeing $20k at the end of 2020 here, we just need to be patience and continue to accumulate at this time.