4 reasons why Bitcoin has bottomed out - page 2.

Hamphser

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Quote from: zeze18 on November 04, 2019, 10:27:11 AM

Quote from: Hamphser on November 04, 2019, 10:16:42 AM

Quote from: Shasha80 on November 04, 2019, 10:08:31 AM

In my opinion bitcoin hasn't reached bottomed out, because based on the analysis bitcoin will drop to $ 7,000. So right now
it's still trying to break the price of $ 10,000 if it fails, only bitcoin will go to the lowest price. The lowest possible price of
bitcoin is $ 7,000. After that bitcoin will go up to the price of $ 15,000. Hopefully the lowest and highest target can be achieved
according to plan. So when bitcoin prices are at bottomed out we can buy again. And if you reach the highest price we can take profit.

It already break the $10,000 since the day it started to burst up in just a single day but of course, after that, the correction started to kicks in and what we saw today's price is the result of that correction.
I think bitcoin wouldn't bottomed out in this two months left and i expect a stable price within that period of time.

Bitcoin stable price won't stand still more than a month, there must be a movement from it in near future either it's gonna up or down. We have to prepare for any condition that will come.
But i'm sure next year bitcoin won't go lower than 7k and people prediction is around 14k-15k , and hoping more after halving. My prediction bitcoin's price peek will be at the end of next year because of the similiarity of the chart from 2016 to 2017

Maybe yes, maybe no, no one can tell whether there would be a stable price within this month or next month. Everything that i have said was just a pure speculation only. But i trust my speculation more than the others so it doesn't matter what would your guess. Wink

But I'm pretty sure that we will not gonna head back to $7,000 this year again. I am only expecting a stable price than a dump.

zeze18

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Quote from: Hamphser on November 04, 2019, 10:16:42 AM

Quote from: Shasha80 on November 04, 2019, 10:08:31 AM

In my opinion bitcoin hasn't reached bottomed out, because based on the analysis bitcoin will drop to $ 7,000. So right now
it's still trying to break the price of $ 10,000 if it fails, only bitcoin will go to the lowest price. The lowest possible price of
bitcoin is $ 7,000. After that bitcoin will go up to the price of $ 15,000. Hopefully the lowest and highest target can be achieved
according to plan. So when bitcoin prices are at bottomed out we can buy again. And if you reach the highest price we can take profit.

It already break the $10,000 since the day it started to burst up in just a single day but of course, after that, the correction started to kicks in and what we saw today's price is the result of that correction.
I think bitcoin wouldn't bottomed out in this two months left and i expect a stable price within that period of time.

Bitcoin stable price won't stand still more than a month, there must be a movement from it in near future either it's gonna up or down. We have to prepare for any condition that will come.
But i'm sure next year bitcoin won't go lower than 7k and people prediction is around 14k-15k , and hoping more after halving. My prediction bitcoin's price peek will be at the end of next year because of the similiarity of the chart from 2016 to 2017

Hamphser

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Quote from: Shasha80 on November 04, 2019, 10:08:31 AM

In my opinion bitcoin hasn't reached bottomed out, because based on the analysis bitcoin will drop to $ 7,000. So right now
it's still trying to break the price of $ 10,000 if it fails, only bitcoin will go to the lowest price. The lowest possible price of
bitcoin is $ 7,000. After that bitcoin will go up to the price of $ 15,000. Hopefully the lowest and highest target can be achieved
according to plan. So when bitcoin prices are at bottomed out we can buy again. And if you reach the highest price we can take profit.

It already break the $10,000 since the day it started to burst up in just a single day but of course, after that, the correction started to kicks in and what we saw today's price is the result of that correction.
I think bitcoin wouldn't bottomed out in this two months left and i expect a stable price within that period of time.

Shasha80

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In my opinion bitcoin hasn't reached bottomed out, because based on the analysis bitcoin will drop to $ 7,000. So right now
it's still trying to break the price of $ 10,000 if it fails, only bitcoin will go to the lowest price. The lowest possible price of
bitcoin is $ 7,000. After that bitcoin will go up to the price of $ 15,000. Hopefully the lowest and highest target can be achieved
according to plan. So when bitcoin prices are at bottomed out we can buy again. And if you reach the highest price we can take profit.

alexsandria

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Quote from: Zicadis on October 13, 2019, 03:51:41 PM

There are definitely some indicators that Bitcoin is bottoming out. However, when looking at a macro perspective and taking into considering the global financial markets, it doesn't look quite so pretty.

It will sooner be aiding up though. Besides Bitcoin market ain't stickin' only wirh global financial markets. It is quite runnig around the globe independently. What I fear the most is that whenever such institutions came up little closely to their economic comfort zone it might as well dragged bitcoin market down.

Quote

The US and Europe are dangerously close to a recession, which is likely to bring down the cryptocurrency markets with it. Contrary to popular belief, people actually tend to avoid more experimental assets during times of economic uncertainty, so even if the traditional markets collapse, Bitcoin will likely follow.

I never thought of US will be close to economic recession. It seems they are close to leading fiats. Nevertheless, they seemed super advance. But whatever. If it may be true it seems Bitcoin would be an another option for them isn't it?

SummerBliss

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The recession in global market is a possible reason for bitcoin and other crypto market being bottemed out as people prefer to store physical values of money like gold or other reason can be china looking forward to ban cryptocurrencies as china is center for bitcoin mining.The prices can still go high with next year halving so we don't need to worry much about it and hope for it's betterment.

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Quote from: Webetcoins on October 28, 2019, 07:58:41 AM

Quote from: scambust on October 27, 2019, 11:15:26 AM

Well, well, well, Bitcoin punished the late shorters at $7,500 and probably caused a short squeeze to $10,000 plus. If this doesn't spell bottom to many, I don't know what will. Bitcoin halving coming very soon now.

I assume it is your first time you are witnessing a dip or maybe you have not gone through the past years of bitcoin. As compare to the old dips, present one is heaven. It is amazing to see it as the most expensive crypto currency even during the dip. You will be giving totally opposite statement once bitcoin will rise and touch unimaginable targets like 20k as it has in the past. You my friend, need to learn a lot.

Don't you read what you are quoting? Don't you check out who and how long I have been posting here in Bitcointalk? I assume you are just replying for the sake of meeting your post quota in Cryptotalk.org. Don't you know what a short squeeze is? Or what shorting is? You my friend, need to learn a lot.

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Quote from: BitHodler on October 23, 2019, 05:58:26 PM

Quote from: suzanne5223 on October 23, 2019, 02:28:07 PM

but if we have a situations where the governments declare Bitcoin legal then the miracle you said will happen.

Legal in what way? And how are you so sure that it will help get the price to increase? It doesn't work like that.... good news during a bear market has next to no effect. Bad news during a bull market has no effect either.

People need to stop hoping for miracles to happen and get better at understanding how this market actually works on a technical level, and from there focus on the charts, because there is a lot of valuable information to find there.

If big country like china make bitcoin legal and they adopt it and make many payments in china could be pay with bitcoin, i'm sure it will be a really big news for crypto people and the price must be pumped hard.
I'm not agree with you that news on crypto not affect much, i think news in crypto is very influental even it overcome the technical analysis.

Webetcoins

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Quote from: scambust on October 27, 2019, 11:15:26 AM

Well, well, well, Bitcoin punished the late shorters at $7,500 and probably caused a short squeeze to $10,000 plus. If this doesn't spell bottom to many, I don't know what will. Bitcoin halving coming very soon now.

I assume it is your first time you are witnessing a dip or maybe you have not gone through the past years of bitcoin. As compare to the old dips, present one is heaven. It is amazing to see it as the most expensive crypto currency even during the dip. You will be giving totally opposite statement once bitcoin will rise and touch unimaginable targets like 20k as it has in the past. You my friend, need to learn a lot.

scambust

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Well, well, well, Bitcoin punished the late shorters at $7,500 and probably caused a short squeeze to $10,000 plus. If this doesn't spell bottom to many, I don't know what will. Bitcoin halving coming very soon now.

BitHodler

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Quote from: suzanne5223 on October 23, 2019, 02:28:07 PM

but if we have a situations where the governments declare Bitcoin legal then the miracle you said will happen.

Legal in what way? And how are you so sure that it will help get the price to increase? It doesn't work like that.... good news during a bear market has next to no effect. Bad news during a bull market has no effect either.

People need to stop hoping for miracles to happen and get better at understanding how this market actually works on a technical level, and from there focus on the charts, because there is a lot of valuable information to find there.

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Quote from: suzanne5223 on October 23, 2019, 02:28:07 PM

Quote from: bitgolden on October 23, 2019, 01:46:17 PM

Quote from: scambust on October 22, 2019, 12:22:41 PM

According to an anonymous user in 4Chan...

[im g]https://i.imgur.com/uGRndqy.png[/img]
It says October 2019 should be the time when BTC/USD hits $16,000.

LOLZ, the prediction has eight days left to come true. Seriously though we have 204 days left before block rewards are cut in half again. If bitcoin has not yet bottomed out, it is still a good time to buy because by halving, you probably can't get cheaper bitcoin than now.

Miracles do happen at the dyeing minute, it took bitcoin just 2 days to grow to $5000 when we were all even thinking that it was April fool, the rise of bitcoin is so fast that you can never imagine it, so the remaining days to the month may still do something that will make the price of bitcoin to rise.

Imagine that the whole government of the world suddenly rises now to declare bitcoin as legal, what do you think will happen? You will start seeing massive demand for bitcoin at a time which will take just one day for the value to rise beyond what we can imagine. Well, $16000 is not my target, my target is what bitcoin will amount to after the blocking reward for next year which I am sure will make the value of bitcoin to skyrocket to $40000.

Technically, the anonymous person which predicted the surge in price of Bitcoin now totally wrong because the crypto market usually experience some dump in price noe till December before the halving effect take place but if we have a situations where the governments declare Bitcoin legal then the miracle you said will happen.

Yes anything might happen and it might not take ages for things to change but we have to accept the fact that we are unfortunately still struck in the bullish market trend wherein everyday some or the other coin just loses it's value or bleeds and yesterday it was bitcoin's turn with a dip of $700 approx. The positive thing about bitcoin is that it will bounce back unlike other altcoins, It's better to stop predicting until the bitcoin halving as prediction often ends up in disappointment.

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Quote from: bitgolden on October 23, 2019, 01:46:17 PM

Quote from: scambust on October 22, 2019, 12:22:41 PM

According to an anonymous user in 4Chan...

[im g]https://i.imgur.com/uGRndqy.png[/img]
It says October 2019 should be the time when BTC/USD hits $16,000.

LOLZ, the prediction has eight days left to come true. Seriously though we have 204 days left before block rewards are cut in half again. If bitcoin has not yet bottomed out, it is still a good time to buy because by halving, you probably can't get cheaper bitcoin than now.

Miracles do happen at the dyeing minute, it took bitcoin just 2 days to grow to $5000 when we were all even thinking that it was April fool, the rise of bitcoin is so fast that you can never imagine it, so the remaining days to the month may still do something that will make the price of bitcoin to rise.

Imagine that the whole government of the world suddenly rises now to declare bitcoin as legal, what do you think will happen? You will start seeing massive demand for bitcoin at a time which will take just one day for the value to rise beyond what we can imagine. Well, $16000 is not my target, my target is what bitcoin will amount to after the blocking reward for next year which I am sure will make the value of bitcoin to skyrocket to $40000.

Technically, the anonymous person which predicted the surge in price of Bitcoin now totally wrong because the crypto market usually experience some dump in price noe till December before the halving effect take place but if we have a situations where the governments declare Bitcoin legal then the miracle you said will happen.

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Quote from: Chaintrader_1 on October 13, 2019, 03:47:55 PM

2nd Correction of 45% one of the highest ones so far

This reason is the only one I can really understand, since I'm not into technical analysis. Regardless I do hope you're right. The steeper the drop, the more scared bitcoin holders get and this can lead to more panic selling and further decreases in price. It would have to stop somewhere, but with bitcoin being as dramatic and unpredictable as it is, that could be anywhere.

I never did the math on what this correction actually was, percentage wise. 45% is incredible. You really have to have a set of cast iron balls to hold on thru this ride, and I think many investors have already jumped ship by now. That should be a good sign for a recovery in and of itself.

Quote from: cryptothreads on October 23, 2019, 09:28:00 AM

I don't think this coin will recover in the near term because currently everyone is sell panic and there is a possibility that Bitcoin could return to $7000 in the next few days.

Yeah I'm hoping it doesn't go to $7000, but I know it could. Easily. And you are probably correct that this is all due to a bunch of panic sellers rather than one or two whales unloading their coins.

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Quote from: scambust on October 22, 2019, 12:22:41 PM

According to an anonymous user in 4Chan...

[im g]https://i.imgur.com/uGRndqy.png[/img]
It says October 2019 should be the time when BTC/USD hits $16,000.

LOLZ, the prediction has eight days left to come true. Seriously though we have 204 days left before block rewards are cut in half again. If bitcoin has not yet bottomed out, it is still a good time to buy because by halving, you probably can't get cheaper bitcoin than now.

Miracles do happen at the dyeing minute, it took bitcoin just 2 days to grow to $5000 when we were all even thinking that it was April fool, the rise of bitcoin is so fast that you can never imagine it, so the remaining days to the month may still do something that will make the price of bitcoin to rise.

Imagine that the whole government of the world suddenly rises now to declare bitcoin as legal, what do you think will happen? You will start seeing massive demand for bitcoin at a time which will take just one day for the value to rise beyond what we can imagine. Well, $16000 is not my target, my target is what bitcoin will amount to after the blocking reward for next year which I am sure will make the value of bitcoin to skyrocket to $40000.

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Quote from: Omega Weapon on October 22, 2019, 10:05:42 PM

Quote from: zeze18 on October 21, 2019, 05:16:27 AM

Quote from: pamsugas on October 19, 2019, 04:08:53 AM

I agree with you that bitcoin will not fall from $7500 because when the correction in the bull run market bitcoin has never fallen from 50% and currently bitcoin has touched a correction of 44%.

I think in the next 1-2 weeks bitcoin will come back at $ 10k

Hope this will come true that bitcoin will recover in one week or two.
But we can't rely out analysis to history, no history recorded before bitcoin pumped to 20k in 2017 and also no history recorded bitcoin dump in 2018. So we have to be careful and always set a stop loss

It will not happen, bitcoin is having problems surpassing 8500 dollars for each coin and there will be a great resistance to reach 10000, but why worry? If the price begins to go up then we all get gains and if the price remains at this level or it goes down then you can buy more bitcoin, regardless of what happens is a win-win situation, just remember that it takes a long time for the opportunities to appear and if you do not take it now you may need to wait for months or even a year to see another opportunity like the now we are seeing now.

Today, everything has happened against investors' minds and Bitcoin has been experiencing unexpected drops in recent hours. I don't think this coin will recover in the near term because currently everyone is sell panic and there is a possibility that Bitcoin could return to $7000 in the next few days. Now if you have money, you should buy at this price or wait for a cheaper price to invest because I'm really tired of what's happening.

Bitcoin and Altcoin are still falling so our predictions will never be accurate because this is a speculative market and they can completely manipulate.

Serco

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Quote from: scambust on October 22, 2019, 12:22:41 PM

According to an anonymous user in 4Chan...

It says October 2019 should be the time when BTC/USD hits $16,000.

LOLZ, the prediction has eight days left to come true. Seriously though we have 204 days left before block rewards are cut in half again. If bitcoin has not yet bottomed out, it is still a good time to buy because by halving, you probably can't get cheaper bitcoin than now.

everyone always trying to said current price was be the bottom, meanwhile price still has possibility to down again.personally i will not tempted with this statement.everything can happen ,even bitcoin could goes down again in this october based on technical analisys.prediction just create fomo to beginer trader or investors.

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When your surrounding is not working well then you also could bear a bad reputation, I think some Fake and Scam ICO projects are also responsible for bringing this situation, also you need to see the whole world's economic situation which is not running well, moreover, the last couple of months were not so much bad in the context of Bitcoin price, I think this situation is getting better and the price of Bitcoin is becoming a standard, I always say that the proper regulation and a set of policies will bring a good environment, When people get a safe platform for investment then the flow will accelerate itself, then Bitcoin will not stay at the bottom, Bitcoin platform will be always on the Top.

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Quote from: zeze18 on October 21, 2019, 05:16:27 AM

Quote from: pamsugas on October 19, 2019, 04:08:53 AM

I agree with you that bitcoin will not fall from $7500 because when the correction in the bull run market bitcoin has never fallen from 50% and currently bitcoin has touched a correction of 44%.

I think in the next 1-2 weeks bitcoin will come back at $ 10k

Hope this will come true that bitcoin will recover in one week or two.
But we can't rely out analysis to history, no history recorded before bitcoin pumped to 20k in 2017 and also no history recorded bitcoin dump in 2018. So we have to be careful and always set a stop loss

It will not happen, bitcoin is having problems surpassing 8500 dollars for each coin and there will be a great resistance to reach 10000, but why worry? If the price begins to go up then we all get gains and if the price remains at this level or it goes down then you can buy more bitcoin, regardless of what happens is a win-win situation, just remember that it takes a long time for the opportunities to appear and if you do not take it now you may need to wait for months or even a year to see another opportunity like the now we are seeing now.

scambust

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According to an anonymous user in 4Chan...

It says October 2019 should be the time when BTC/USD hits $16,000.

LOLZ, the prediction has eight days left to come true. Seriously though we have 204 days left before block rewards are cut in half again. If bitcoin has not yet bottomed out, it is still a good time to buy because by halving, you probably can't get cheaper bitcoin than now.

Topic: 4 reasons why Bitcoin has bottomed out - page 2. (Read 756 times)