Slow death
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May 25, 2020, 09:34:20 AM |
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It's already been past halving, yet prices continue to fluctuate between the $9k to $9.5k range. I've noticed that each time prices try to reach $10k, everything "falls out" immediately. Is this a result of price manipulation by whales? At this pace, it's hard to believe that Bitcoin will ever get past $10k. Even if it does get past $10k, reaching a new ATH in price could be quite challenging. I believe that the following is happening: when there was the incident that involved the general of Iran that the USA killed him, the whales saw the opportunity to manipulate the price, but when it reached $10,000 they found a great resistance that they were unable to break because there was not much buyers. Now with halving the same thing must have happened. The question is: what price we will see in the coming months? Since it's been only a week after Bitcoin's third halving, anything could happen in the future. Right now, we're in a level of uncertainty due to the COVID-19 pandemic. Maybe Bitcoin will be able to break out to new levels in price after all of this is over? Or will it continue to rise while Fiat goes down the drain? It is likely that the price will start to increase a lot from the beginning of next year, I do not expect to see the price break $13000 this year Fees are at an increasing rate I had to pay $5 to transfer $40 because I wanted it not to take too long for the transaction to confirm... it was last week. Days before I paid a $ 5 fee, I made a transaction that paid a $2 fee and took a long time to confirm What are your thoughts? Do you think Bitcoin will ever get past $10k? if you ask me in a short time something like in 1 week, i will tell you that the price will definitely start to rise in a few months
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maydna
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May 25, 2020, 10:55:29 AM |
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Bitcoin price can go to $10k someday, but we need to be patient at this time because bitcoin price now still below than $9k. The trend for bitcoin price still at the downtrend but we need to wait until tomorrow, so hopefully, the price will start to increase and break $9k. But if somehow, the price will get another dump, then we need to prepare to buy more bitcoin because that will be our chance to buy bitcoin at a low price. The bitcoin market itself seems not moving fast, and it tends to stable for a while this week. So we need to be careful about anything that can happen to bitcoin price.
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Review Master
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May 25, 2020, 04:05:34 PM |
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But if somehow, the price will get another dump, then we need to prepare to buy more bitcoin because that will be our chance to buy bitcoin at a low price.
Yeah, We can buy in this current price by using some part of the total funds. Also we can buy part by part in deep if bitcoin continuously dump. That would be the best strategy IMO. If not than we would regret in future for not buying in deep. Likewise someone who don't buy bitcoin at $3.8k and think that it'll dump more. Now they are regreting for the wrong calls. So every small dump is an opportunity for the wise traders to take part with proper research and knowledge of the markets. The bitcoin market itself seems not moving fast, and it tends to stable for a while this week. So we need to be careful about anything that can happen to bitcoin price.
If it tends to stable than we can see a small bull run for altcoin markets in the USD pairs as we see in the previous altmarkets. But it's quite risky to enter the altmarkets because of the sudden pump&dump of bitcoin. Let's see what's waiting for us.
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serjent05
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May 26, 2020, 01:34:05 PM |
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What are your thoughts? Do you think Bitcoin will ever get past $10k? Patience my friend. Eventually, Bitcoin will get past $10k. It already gets past to it several times and I am positive that Bitcoin will even reach those $20k mark again. With the halving of the supply, the incoming influx of new mined Bitcoin is halved and if the adoption continue, we can see a slow growth of Bitcoin price. We have seen the stability of the price of Bitcoin to a higher level than in previous years (just ignore the prices due to pump and FOMO).
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shoreno
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May 26, 2020, 03:49:00 PM |
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What are your thoughts? Do you think Bitcoin will ever get past $10k? Patience my friend. Eventually, Bitcoin will get past $10k. It already gets past to it several times and I am positive that Bitcoin will even reach those $20k mark again. With the halving of the supply, the incoming influx of new mined Bitcoin is halved and if the adoption continue, we can see a slow growth of Bitcoin price. We have seen the stability of the price of Bitcoin to a higher level than in previous years (just ignore the prices due to pump and FOMO). yes it touches 10k usd many times and i think that the op already knows that too but maybe he mean to say when will price goes stable and continue to climb over 10k usd . i myself sometimes ask the same question alot of times before on my own head only though . but thanks for making us feel motivated by explaining why price can do it but why you said we will ignore price pumps ? or i guess you mean to say dump but fomo is bad and obviously not beneficial
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sujonali1819
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May 26, 2020, 11:49:19 PM |
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Yes, Bitcoin surely will get past the 10,000 dollars. It’s just a mater of time. Yes, it’s right that it’s few days from halving finished and we can not see any big move. But did you forget about where the btc come from?It was around below 4k dollars. And now btc is struggling to cross 10k. So it's a very big profit for them who invested in around 5k dollars. And now they are getting strong their profit. Some big whales also try to get the profit and re-buy in low. And this is the main reason of struggling to cross 10k despite the halving passed. But it surely cross 10k in near future that I am thinking. And when Completely cross the 10k then we might not stop BTC untill a huge gain in price.
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Reid
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May 27, 2020, 06:26:14 AM |
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One of the questions that had been bugging me. $10k is just there, a little bit of push and BTC will reach it but yet a wall is stopping it. $12k is what I thought to be the next new bottom. It didn't happen. Yeah, patience will be the answer. Waiting for Covid-19 to end and then letting the halving to marinade.
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Reatim
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May 27, 2020, 10:52:36 AM |
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What are your thoughts? Do you think Bitcoin will ever get past $10k? market is returning now and Bitcoin climbing from the fall of 8k level now goes back again at $9k and still growing. Maybe there are chance that before the end of May at least we will see another 10k passing,though there are no good news to support this yet the economy of the world is not standing straight even the damage of pandemic are there. Lets see what happen after this month but what i am sure is in 3rd quarter there will be some good changes and maybe we will see the greatness of Bitcoin and the whole market again.
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Oasisman
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May 27, 2020, 11:12:38 AM |
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One of the questions that had been bugging me. $10k is just there, a little bit of push and BTC will reach it but yet a wall is stopping it. $12k is what I thought to be the next new bottom. It didn't happen. Yeah, patience will be the answer. Waiting for Covid-19 to end and then letting the halving to marinade. I was also thinking the same before the halving, but I realized something : 1.) Post halving surely has slight pull back. 2.) This year's halving is different than the past two, specifically with health issues and global recession. 3.) Bitcoin was struggling to break through the resistance level. 4.) Pre-halving hype didn't really worked out. 5.) Miners is still in difficulty adjust period, hash rate drops, mempool is flooded with a lot of transactions and higher transaction fees. The list goes on, but those are just some of the most notable reasons. Lastly, covid-19 might be staying for quite a long time and we'll be gradually adapting to the new normal. Something, that a technology like Bitcoin could take advantage of, since almost every business will be dealt through online transactions.
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Taskford
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May 27, 2020, 12:15:22 PM |
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What are your thoughts? Do you think Bitcoin will ever get past $10k? Patience my friend. Eventually, Bitcoin will get past $10k. It already gets past to it several times and I am positive that Bitcoin will even reach those $20k mark again. With the halving of the supply, the incoming influx of new mined Bitcoin is halved and if the adoption continue, we can see a slow growth of Bitcoin price. We have seen the stability of the price of Bitcoin to a higher level than in previous years (just ignore the prices due to pump and FOMO). yes it touches 10k usd many times and i think that the op already knows that too but maybe he mean to say when will price goes stable and continue to climb over 10k usd . i myself sometimes ask the same question alot of times before on my own head only though . but thanks for making us feel motivated by explaining why price can do it but why you said we will ignore price pumps ? or i guess you mean to say dump but fomo is bad and obviously not beneficial FOMO for today is not applicable and people should not think about that since it's better for now to do day trades than holding especially with the market stability, maybe we cannot see a price stability by these days since we are still on crisis but what good thing is we still able to climb at $10k and been stable on $8k price level. Maybe it's best not to expect high so that we will not ask to much even if there's a halving occuring.
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buwaytress
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May 27, 2020, 01:29:35 PM |
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One of the questions that had been bugging me. $10k is just there, a little bit of push and BTC will reach it but yet a wall is stopping it. $12k is what I thought to be the next new bottom. It didn't happen. Yeah, patience will be the answer. Waiting for Covid-19 to end and then letting the halving to marinade. Actually, I've always said that 9k to 10k doesn't take much at all, every time it's moved to 10k this region is almost negligible in terms of volume, so you're right in that sense. There isn't a wall to stop anyone from charging up there. But I think the fact this is becoming more apparent is what's taking so long to 10k this time -- them buyers are prepping for the 10500 wall this time, not all the ones in between here and 10k. Let that marinade set in.
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carlisle1
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May 27, 2020, 02:10:56 PM |
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Yes, Bitcoin surely will get past the 10,000 dollars. It’s just a mater of time.
and even if it took a little more time like till 4th quarter this year?it is still reasonable because the Infection of the Virus is still around us and affecting the economy. Yes, it’s right that it’s few days from halving finished and we can not see any big move. But did you forget about where the btc come from?It was around below 4k dollars.
exactly the point here,we have dropped upto $4k last march so having this 8-9k value now is not that bad because thats 100% growth already. And now btc is struggling to cross 10k. So it's a very big profit for them who invested in around 5k dollars. And now they are getting strong their profit. Some big whales also try to get the profit and re-buy in low. And this is the main reason of struggling to cross 10k despite the halving passed. But it surely cross 10k in near future that I am thinking. And when Completely cross the 10k then we might not stop BTC untill a huge gain in price.
whales is always in the situation and just Buying and selling to Bag money,how i wish that the amount of Bitcoin can be owned by individual is limited in some amount that they cannot Hold a hundred thousand or a million bitcoin each account.
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Dr.Osh
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May 27, 2020, 03:49:53 PM |
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One of the questions that had been bugging me. $10k is just there, a little bit of push and BTC will reach it but yet a wall is stopping it. $12k is what I thought to be the next new bottom. It didn't happen. Yeah, patience will be the answer. Waiting for Covid-19 to end and then letting the halving to marinade. in fact, the price of bitcoin is very difficult to survive at a price of $ 10k. Well, right now the price recovery at $ 9k is back. if there is an increase in prices in the near future, it is likely that the price of bitcoin can reach $ 10k in a few weeks or months.
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Zackgeno96
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May 27, 2020, 05:14:26 PM |
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One of the questions that had been bugging me. $10k is just there, a little bit of push and BTC will reach it but yet a wall is stopping it. $12k is what I thought to be the next new bottom. It didn't happen. Yeah, patience will be the answer. Waiting for Covid-19 to end and then letting the halving to marinade. in fact, the price of bitcoin is very difficult to survive at a price of $ 10k. Well, right now the price recovery at $ 9k is back. if there is an increase in prices in the near future, it is likely that the price of bitcoin can reach $ 10k in a few weeks or months. But at the Price of $10k bitcoin always face trend reversal and many a times it gets bearish instantly after reaching $10k. So if the Price rise more than $10k then I can say that bitcoins can even reach a higher limit, even more than $15k also. But first of all it would have to pass that $10k price point which seems very difficult to reach and break right now.
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7788bitcoin
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May 27, 2020, 08:40:33 PM |
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Patience my friend. Eventually, Bitcoin will get past $10k. It already gets past to it several times and I am positive that Bitcoin will even reach those $20k mark again. With the halving of the supply, the incoming influx of new mined Bitcoin is halved and if the adoption continue, we can see a slow growth of Bitcoin price. We will break the resistance in the coming months, the price is testing the resistance levels for some time and it is a matter of time it will break those and try to reach the all time halving valuation. I am not a believer that for the price of bitcoin to rally this time we need more adoption, it all depends upon the big fund houses investing their money and the price will rally when that huge push from these financial institution start pouring in the market.
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bitbunnny
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May 27, 2020, 08:45:47 PM |
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We were close many times recently to 10000$ but then in the key moment price pulls back. Seems that resistance is rather high and price keeps fluctuating somwhere between. Although it seems very possible I don't think that Bitcoin price will break 10000$ in the next month or two, it might happen that we have to wait for that until the end of the year.
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Sirait
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May 28, 2020, 11:30:16 PM |
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I am very sure Bitcoin will pass $ 10k and it will probably happen in Q4 2020
btw, I noticed that Bitcoin is not affected by Corona, Bitcoin is very powerful even when Corona really caused a huge panic at the beginning of March, Bitcoin is really safe haven like gold
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snipie
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May 29, 2020, 02:02:21 PM |
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We were close many times recently to 10000$ but then in the key moment price pulls back. Seems that resistance is rather high and price keeps fluctuating somwhere between. Although it seems very possible I don't think that Bitcoin price will break 10000$ in the next month or two, it might happen that we have to wait for that until the end of the year.
Resistance is at high levels once the price touch a barrier and $10k is the hardest psychological barrier for every trader. Selling post $9500 make the price drops to $9100-9300 and sometimes under $9k. I always feel that summer isn't the best period for bitcoin price but I think we may pass $10k barrier soon. The main problem is to keep the price above it...
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semobo
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May 29, 2020, 02:57:56 PM |
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Again price starts to recover after the small dump which occur right after the halving and we are about to end Q2 in few days hope there will be some bloom on the bitcoin prices in the month of June,so we may expect a surge in Q3 or Q4 but for sure...
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fortunecrypto
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May 29, 2020, 03:23:52 PM |
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Patient, patient, that's all we need now, we will eventually get there, we have not yet feel the effect of halving, history will not fail us I'm confident we will eventually reach $10 k hopefully on the second quarter of the year, I'm very bullish that this year we are going to experience another all time high, but we still need to be careful of FOMO.
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