Topic: April will be around 5000 - and then further down (Read 1154 times)

Bitcoin has a major support around $6500-$7k price so that would not happen very easy to happen. We've gone back to $9k and then recently it goes below $9k and I believe it's the new price support of bitcoin so that $5k is now just a history.

We're now in the mid 2nd quarter but bitcoin has not touched the 5,000$ mark and it only went up as high as 9,000$ a couple of days ago before it went down to 8,000$ again. I know there are events that affect the recent bitcoin downfall this day and i believe it won't last long too.

how smart you are, can you predict future ? in that case, why you didnt buy apple stocks ? why you didnt buy google at the beginning ?
This is the dumbest sentence you made in this topic...

This is the beauty and the answer to all those people who thought btc is dead or it cannot rise etc. Now all those would be looking at the btc price and thinking why they did not bought it else today they would have made money out of it.

This is exactly why it is very difficult to predict the price of bitcoin you see a trend and then you think that the trend is going to continue only for bitcoin to change direction very abruptly, this is why despite the fact that I like to speculate with the price and to try to guess the direction that is going to take I am mostly a long term holder so to me it doesn't matter that much the short term movements of bitcoin.

It is called volatility and correction in the price. Nobody can say anything about the future of bitcoin price. The normal growth shows that the price will hit $10000 till the half of this year and the next half will lead the price to $11k. I think it is not possible that the price will go down more than $5000 in the near future. Now it is on the way up and we are looking towards $10k.

I don't know if you check his profile but it looks like he is attacking bitcoin. Maybe he lost his trust specially when the price plummeted from $19K to $6K or the OP is a schill paid to spread malicious information to pull the price even further.

So just stop feeding him because we have seen that obviously his prediction didn't come true, and the opposite happen in April. Right now the price is still strong as $9K, and I don't think that it will go down even further.

Look, we've surpassed April already and what happened? Basically, your prediction is incorrect. We even had higher price this month. Please stop being so negative. Yes, we are never sure about the value or worth of bitcoin but we have to help bitcoin in order for it to move up.
Instead of posting unhelpful info like this, why don't you just post helpful tips on how to have bitcoin or such to catch the attention of those who are interested with bitcoin.

I think you can see for yourself that your speculation did not come to fulfilment and i encourage you and everyone else to always be positive in your speculation so we will not end up with panic information about Bitcoin and crypto currency in general.

This your prediction could not happen and instead we closed April close to $9000. I have never see bitcoin go below $6,000 since many people has been coming up with this predictions on the position of price. We may not see that level again base on the current bitcoin price set up and if I were you I will join the train before the next push.

That's not seems to be the case even before i read this topic and indeed, the speculation really failed so bad as bitcoin insists to catapult its value from 6K USD to 9K USD now. It only falls down to 6K USD mark and it never went down below anymore until now.

Op has given a description about the declining trend of bitcoin from the ath. Now to his prediction the growing trend has begun, soon it needs to be written in the opposite manner as we have crossed $9500 days back and now in the urge to cross with corrective fluctuations making the price drop low to the value around $9200.

ok now see this -

2009-11 price around 1 USD
2011-12 price around 30 USD
2012-13 price around 100 USD
2013-15 price around 500 USD
2016 price around 800 USD
2017 price around 10-20k USD
2018 price around 10k USD (year yet to complete)

now we know where BTC is heading .

This outlines why obvious conclusions are wrong.  I can make money shorting or betting against bitcoin, maybe half a dozen providers will allow me to do this with very little capital required by myself.   Free money if all its going to do is go down.
Even better the profits from such a bet is tax free, great I live in a really liberal part of the world that does not mind me winning bets.  They tax the company instead and like I say theres half a dozen opportunties for me to short bitcoin.

However I'm not short Bitcoin even on a 'sure thing'   Mostly I cannot do this knowing markets do not move in simple straight lines, I need a better set of reasoning to do this and blindly shorting something that can move so powerfully doesnt seem best.

The problem for me is we are under obvious resistance, the 200 day moving average and I know its pulled back.  A few times its failed to pass that mark but the BTC price when it does move upwards in a bullish way it often does so in an extremely sharp quick movement.  I could lose a thousand in just a few minutes even if I was watching it all the time.    I dont like that idea, I would rather go negative on BTC price especially when there is no gloomy threads saying all we can do is go down.

You get my reasoning, when its all negative its not the time to join the crowd on that bet.   The profit will come from the surprise to the upside.    This guy could even be right negatively projecting price long term but it wont be in a super obvious way.  

Nope

Minimum in April was $6629 USD.

Currently 'round about $9000 USD.


Kapyong

Now the growth in the price is natural and down will not occur again. $5000 is very low price for bitcoin. Nobody is looking to that level. New people are investing in bitcoin because the price is going to hit $10k this month. April has gone and we saw that the price was circulating between $8000 and $9800. Now the price is about $9200 while it is May.

And if we are going to continue:

April was around $9000
May will be around $xxxxx

Yes. its not difficult to see where the price is going right now. 

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Wow, you suddenly realized that bitcoin is good for long term profit? Of course we have been it to be more of a investment more than ever specially last year. So I wouldn't be surprised if people will continue to pour cash on the market. There are a lot of new investors waiting outside, however, they are a bit skeptical because of FUD and attacks from Banks and Government tightening. But it seems they have renewed their interest in the last month so its a good sign that bitcoin will bounce back and hit 5 digit level again.

Yes the price in the past few weeks is down to $6k dollar but still it managed to rise up again and it slowly surpassing the price of $10k dollar so keep on holding your coins this month.

Being positive about market is a good help just right now price is recovering I think. The price is started increasing we have a hint it can make a profitable rate anytime. This month of may is a green for bitcoin market and is a good sign for us.

With current market strategy,bitcoin is seems to good for long term profit.I don't know why people making this negative thread about bitcoin.Bitcoin is the king of crypto currency.