Topic: A Big Move Is Coming Very Soon...Up or Down? (Read 696 times)

when viewed from the circulation of the cryptocurrency price has reached the end of the year then the cryptocurrency price should be very expensive and should the cryptocurrency price at the end of this year increase the price.

No big movement is coming in either direction this is going to be the reality for bitcoin for a very long time and even if people do not like this since the opportunities to make money are very limited in such a market this is what I believe will happen, and it seems to me the current state of things is going to extend itself for years before we see any kind of recovery.

You are right that we should not expect our desires from crypto market and should remain cool and calm about the future of bitcoin price. But one thing is very necessary and that is we must be positive about the future of bitcoin and try our best to convey knowledge about cryptocurrency in our locality. When investors in number increase, the price will also go up.

For that mate, maybe I would not expect any worst scenario to happen yet. If weak handed people will continue to have that kind of mentality we will not go into progress. We will remain to this situation that we're facing right now, and not certain growth will ponder, while many projects awaited for a good profit to withstand.

This sideways trading movement has gone on for a long time now, eventually it will move but most likely it will go up. Miners can't afford for it to drop to $3000, and whales will swallow up any cheap coins that go below $5000

It won't happen even if they might happen the whales won't let that happen because the cryptos will starts to extinct if the mining has no more profitable that is why the whales won't let the prices fall below $6000 if that happens then most of the miners will stop working.

In my opinion no big move for a while in the near future too because people already getting familiar with it and the weak hands are moved away from this market.

I can't see what is the point of such prediction. It's always either up or down so you have 50% chances to be correct. It's just for saying something but there is no any use of such posts.
But seriously current situation on the market isn't showing some indicators of big change in positive or negative way. Although many are expecting big price growth by the end of this year I don't think this is going to happen. Investors are still very cautious, movements of price are very small and some biger demand is not at the horizont.

What do you mean by up or down? it means that you have no idea about the current and coming situation of the market and just asked a question about your idle prediction. If you know that a big move is coming then you should also know that this move is upwards or downwards. This is strange. Move is coming but I don’t know about what. Please spend your time in some good topics.

Ups and downs I think are natural. It is a currency and every currency in the world is not stable. Volatility is builten with currency. Crypto is new digital currency and most of the people still do not believe in it. That’s why the price is down. But when people realize the importance of bitcoin they will come towards bitcoin and the market cap will increase rapidly.

Hope that your predictions become right otherwise till date no predictions become true and always against the facts. I always believe in the current situation of the market and never focus on predictions. The only thing which can bring change in bitcoin price is people’s trust. If people trust in bitcoin they will invest in it and the price will move up.

Right! This is actually the time to take some chill pills and then look at the way things turn out at the end. However the big move is going to come, time only will have to tell. There could be a possibility of the upper line of the triangle being tested again and then breaking it, but for now, nothing is actually that certain yet, but we will get to see eventually how things would end up in a matter of time.

We should keep our hands cross and see what is going to happen.  I think we are at the moment an undecided level and the uncertainty is very high and the best thing to do is to keep holding. However I see more of the bull run than bearish trend in days, weeks, and months to come. The $6000 seem to be unbreakable and bitcoin will have no option than to go up again.

During this calm moment in the market of crypto, there could be institutional buyers and whales hiding in plain sight buying discreetly to unload something that will make the move of the year. We should not expect too much though for us not to be disappointed whatever the result may be.

Yeah but taking advantage of small bits, you need to be aware of the market every moment to catch the chance for making profit. These corrections are good for smart investors. That’s why I always prefer bitcoin trading for making big profits in short time instead of holding coins for long term. I am also looking to start trading in the near future. hope I will find it profitable.

I think that there's still a chance of us going down to 5000 but the possibility of breaking up is bigger. The ETF decision will play a big part in it. If we get an approval we will go up if not we could be trading sideways until 2019. Bitcoin depends on the news too much and people are in panic mode this year.

I can tell you there is no bottom. That is false information. If price is reduced so is mining and then also the mining difficulty which makes it more profitable. It's always a balance. That's why most mining is in China because they have cheaper electricity. Bitcoin can be mined at $0.01 and $100k, doesn't matter. What's changing is the amount of required electrical power from main grid which already is insanely high. Only bad thing that could happen is if every miner stopped at the same time. Then there would be no more blocks and the difficulty ratio can not be reduced. Bitcoin would cease to exist until some more blocks are found or the protocol is forked and changed (like with Bitcoin Cash that has a mechanism that lower difficulty automatically if there are no blocks. Arguable is that's good or bad. It certainly caused some extreme instability last year when it was launched).

If there is a price resistance I would say it's because bitcoin has changed hands so many times now that most investors bought last years levels. They simply can't sell and make a profit and this alone would not trigger a bear market. They rather hold. It's more likely a bear market is triggered by a really bad news event. That is my theory at least. The first is something that happened to Nano a few months ago. Some whales got Nano a really low price and forced the marked (at profit) really low without any real reason. Now most nano have probably changed hands into a broader public and unlikely we see one more event like that.

I think that the price will not down than $6000 and to my knowledge this is the bottom price for bitcoin, because if the price dips more than $6000, the supply of bitcoin will reduce because of no mining. Bitcoin miners already mourn that they are not making any profit because the price is very low and they may stop mining. That’s why I say that the price will never below $6000.

I really would not be placing any bet on the market at the moment until I start seeing a clear direction of the market and even in this case, I will always be careful for a fake breakout as the case may be as this is always the time when manipulations can actually skyrocket hugely. The market will most definitely have to break the trend in one direction and that direction is obviously what no one can actually tell and that would basically ball down on whether the bulls or the bears end up winning the fight. Your prediction graph is not stupid, it is just simply trying to observe the trend in the market and act accordingly.

Worldwide, there are many political tensions are going up and investors are already started securing their capital but for the case of cryptos it may go at any direction which is purely based on how institutional investors opt for. Because, few of them already recognized cryptos as a good alternate for gold/silver but many other yet to analyze this space .

If the price of the bitcoin really decrease to 3000 dollars for sure the price will pump fastly because most of the people will turn to cryptomarket to buy more bitcoin to get more profit and price of the bitcoin will increase maybe more than the highest price of the bitcoin reached in the year 2017.

Yeah I usually say that too but this time the price behave like a damn clockwork for 8 months. Just take a look below at that last dip after I drew the first picture (exactly on the line). It's not made up lines if everyone is following them. Self fulfilling prophecy. Maybe it will stay calm right until Oct 30.