Bitcoin back to $7000 today? - page 3.

icreative998

newbie

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Quote from: btc4peace on August 17, 2018, 08:48:42 AM

I started reinvesting at $6180. My thoughts are that the $5900 was a double bottom chart and we will be back to $8000 by Sept 21 (ETF deadline) with an expected "sell on the news" pullback then depending on that outcome, either sub $10000 or over $20000 by Jan 1. ETF acceptance means little except it is a sign of future adoption by the big money.

What we need is bitcoin powered cellular service. Every phone is free but has a mining app that is required to run in order to have service, companies that earn USD but take investment and pay dividends via BTC, and a country to adopt BTC as their national currency (hello Palestine)

-Isa

good to hear that, i hope bitcoin will grow even higher from now on and hit 10.000$ by the end of this year. I got mine at 6000$ and always believe on bitcoin.

kendedese

member

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why do you say "hello Palestine" on the thread?
countries that are in conflict will not have time to think about it, and bitcoin will never be the national currency of any country.

Bustart

sr. member

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Merit: 250

Quote from: STT on August 20, 2018, 01:40:20 AM

We're holding that same line shown on the chart near 6500. The interesting thing might be that we are declining in volume over time as we hold that position.
The 50 day average is rising slightly, 200 day declining at the same pace and 8 day average is underlining all the recent lows. So BTC can be said to be in a positive phase still even though its not going anywhere for now.

What I suppose happens is the range like this constricts and breaks out with a much sharper movement up or down. My personal guess is it does break up but has to confirm above 7317 to really go anywhere especially. Considering how much BTC often does move, this holding is fairly unusual. Still not thinking its tied to news of an ETF but I havent read tons on that

Bitcoin has its ups and downs due to its volatility. It has been its normal trend, its value is very unpredictable and uncontrollable. There can be drop in price but I still believe that market can recover at the course of time. Its current price is at 6.4k and can potentially get back on track, it can again hit 7k or higher. Stay positive and patience, don't panic, instead learn from every good and bad experience.

ask

legendary

Activity: 1386

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This year bitcoin is not going to start a bull run.
Its just in a swing mode and swinging between 5k-8k.
I will buy around 5000 and sell over 7500$ this is a nice swing trade idea for now.

STT

legendary

Activity: 4102

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We're holding that same line shown on the chart near 6500. The interesting thing might be that we are declining in volume over time as we hold that position.
The 50 day average is rising slightly, 200 day declining at the same pace and 8 day average is underlining all the recent lows. So BTC can be said to be in a positive phase still even though its not going anywhere for now.

What I suppose happens is the range like this constricts and breaks out with a much sharper movement up or down. My personal guess is it does break up but has to confirm above 7317 to really go anywhere especially. Considering how much BTC often does move, this holding is fairly unusual. Still not thinking its tied to news of an ETF but I havent read tons on that

wuvdoll

legendary

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We can't know if bitcoin will be $7k once again "today" or anytime but I am sure it will reach that soon enough, I am becoming more bullish on bitcoin prices because I have seen and talked with people that lost a lot of money during the December and afterwards drop and they realize what they did was a mistake and they are trying to recover that with getting at cheaper this time and that will cause bitcoin to go up from now on.

Maybe it will not be enough, maybe whales will fight for lower prices because short futures are making them tons of money and they gather bitcoin when its low and when it tries to get higher they sell what they gathered and with wave affect the price goes even further down with panic and they collect low again.

Tapyaks72

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Quote from: btc4peace on August 18, 2018, 02:18:58 AM

Quote from: raging-creeper on August 17, 2018, 11:00:15 AM

No way are we going over 7k today. If we get a good run we may get there by next week however the dreaded weekend is upon us. I'm waiting for the crash back down.

It tried but just couldnt do it. I saw a $6600+ hit on coinbase but still building pressure at the 6500 area. I just dont want the inverse head and shoulders pattern to fail. If it suceeds, we should run to $7373ish before a correction and hopefully upward from there.

I agree that if ETF is delayed again (and it probably will be until March 2019) we will see more idiotic selling. If price goes down i am happy to get more btc per dollar invested. I truly believe btc will be adopted more in the future and be used to stabilize national economies.

Give it all 20 years and maybe all these $200 investments will be worth $20000 each. Or... Maybe 2.00 each.... Time will tell

As what I've seen in the bounce back is quite slow but surely no big set back hopefully it will continue to progress these way as investors will flood for the coming ber months period in which many speculation that the bitcoin price will go in a bull run as what happened last year, case now hands who grab and buy bitcoin while the prices is low will surely profitable.

btc4peace

sr. member

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pHp DeV

Quote from: STT on August 18, 2018, 01:59:33 AM

ETF considerations will run all the way to Feburary in 2019 I think. So I'm not especially thinking its a time scale or reason for recent movement. Palestine is tied to Egypt and Israel in its money flow possibly, not sure anyone else is as influential. Would Bitcoin be that useful to them, I think only if they earnt alot of money via solar panels perhaps and so BTC was useful in transmitting value from that source internationally.
I think an island nation might have more use for BTC to over come isolation or distance and latency in their economy perhaps. Where Palestine is one of the most densely populated areas in the world, its possible other places have more to gain but of course they could try and see of course I just dont imagine it as especially likely.

BTC now is at the tail of a downtrend, then going sideways. The recent low I've seen previously as a kind of back check of that negative trend pricing, its possible thats a bullish sign.

So a reasonable target past that could be 50 ma which is 7000 but really I think closer to 7500 perhaps. 6300 I'll call as a line in the sand to maintain a positive outlook

So glad you mentioned Palestine and Solar. Made my day. I sincerely want to go there and do this type of thing via an ico that sharrs profits with token holders

btc4peace

sr. member

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pHp DeV

Quote from: raging-creeper on August 17, 2018, 11:00:15 AM

No way are we going over 7k today. If we get a good run we may get there by next week however the dreaded weekend is upon us. I'm waiting for the crash back down.

It tried but just couldnt do it. I saw a $6600+ hit on coinbase but still building pressure at the 6500 area. I just dont want the inverse head and shoulders pattern to fail. If it suceeds, we should run to $7373ish before a correction and hopefully upward from there.

I agree that if ETF is delayed again (and it probably will be until March 2019) we will see more idiotic selling. If price goes down i am happy to get more btc per dollar invested. I truly believe btc will be adopted more in the future and be used to stabilize national economies.

Give it all 20 years and maybe all these $200 investments will be worth $20000 each. Or... Maybe 2.00 each.... Time will tell

STT

legendary

Activity: 4102

Merit: 1454

ETF considerations will run all the way to Feburary in 2019 I think. So I'm not especially thinking its a time scale or reason for recent movement. Palestine is tied to Egypt and Israel in its money flow possibly, not sure anyone else is as influential. Would Bitcoin be that useful to them, I think only if they earnt alot of money via solar panels perhaps and so BTC was useful in transmitting value from that source internationally.
I think an island nation might have more use for BTC to over come isolation or distance and latency in their economy perhaps. Where Palestine is one of the most densely populated areas in the world, its possible other places have more to gain but of course they could try and see of course I just dont imagine it as especially likely.

BTC now is at the tail of a downtrend, then going sideways. The recent low I've seen previously as a kind of back check of that negative trend pricing, its possible thats a bullish sign.

So a reasonable target past that could be 50 ma which is 7000 but really I think closer to 7500 perhaps. 6300 I'll call as a line in the sand to maintain a positive outlook

dating centre

newbie

Activity: 26

Merit: 0

Quote from: Cryptominia on August 17, 2018, 07:13:29 PM

I think bitcoin will reach first the $7000 before it will back again into a lower price of $6000.And i'm hoping to happened it.
Lets wait for the rest of days and learn the movement in the market. But always be in the safe side and just put the money in bitcoin that you can afford to loss only because price in bitcoin is so volatile.

we can see that bitcoin price is trading good for last few days which shows that bitcoin price is expected to increase in near future. may be in few days bitcoin price will surely cross 7000$ level.

Cryptominia

full member

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I think bitcoin will reach first the $7000 before it will back again into a lower price of $6000.And i'm hoping to happened it.
Lets wait for the rest of days and learn the movement in the market. But always be in the safe side and just put the money in bitcoin that you can afford to loss only because price in bitcoin is so volatile.

mk4

legendary

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Paldo.io 🤖

Quote from: Catch-22 on August 17, 2018, 04:04:49 PM

Be realistic with your projections to avoid disappointments. Better to have a slow but steady ascent than a big jump that falls just as fast.

This. I'm also bullish long-term on bitcoin, for sure, but the delusion in these replies though. People are actually expecting $7000 today for some reason. Not saying it's impossible though, knowing the volatility, but even if it does, it's likely to dip back down if it happens that fast. People need to be more realistic.

netfifox

newbie

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Bitcoin just increased a little in today. I think it takes more time to reach the landmark as you say, it may be two weeks.

Sadlife

sr. member

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The price will always rise back that's why you need to start buying in the dips than rather than to sell because of FUD cause when the price surge or have a bullish run then it's your lose. Especially in September 21 where ETF will be decided to be accepted or not. If it gets accepted then bitcoin will reach new heights and if not it will still strive to progress.

Blackrain13

jr. member

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Bitcoin is really volatile and price is unpredictable but it always give us assurance to invest more because we know that bitcoin price will rise and increase more at the right time. That's why buy more now and invest then patientky wait the time to reap our profit.

dodgi

member

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Quote from: btc4peace on August 17, 2018, 08:48:42 AM

I started reinvesting at $6180. My thoughts are that the $5900 was a double bottom chart and we will be back to $8000 by Sept 21 (ETF deadline) with an expected "sell on the news" pullback then depending on that outcome, either sub $10000 or over $20000 by Jan 1. ETF acceptance means little except it is a sign of future adoption by the big money.

What we need is bitcoin powered cellular service. Every phone is free but has a mining app that is required to run in order to have service, companies that earn USD but take investment and pay dividends via BTC, and a country to adopt BTC as their national currency (hello Palestine)

-Isa

You are right to say that bitcoin will grow. Let it be affected by an ETF or a system of vouchers or prepaid cards. Or even new announcements from exchanges and famous personalities. Bitcoin will grow and now it is important to be at the center of this movement that is around us.

supremacy10

newbie

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There will still be pump before month end. It is only altcoin I'm.not too sure of , sec will still postponed the hearing September again

Docnaster

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Leading Crypto Sports Betting & Casino Platform

Odds are that we will get to the Sept 21 deadline, and the SEC will delay the decision once again to next year, this delay decision will then knock the price of BTC back down under $7,000 if we reached $8,000 by the time. Old men making decisions about new technology, somebody tell me why they are qualified to decide?

collins3

member

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Merit: 10

Quote from: btc4peace on August 17, 2018, 08:48:42 AM

I started reinvesting at $6180. My thoughts are that the $5900 was a double bottom chart and we will be back to $8000 by Sept 21 (ETF deadline) with an expected "sell on the news" pullback then depending on that outcome, either sub $10000 or over $20000 by Jan 1. ETF acceptance means little except it is a sign of future adoption by the big money.

What we need is bitcoin powered cellular service. Every phone is free but has a mining app that is required to run in order to have service, companies that earn USD but take investment and pay dividends via BTC, and a country to adopt BTC as their national currency (hello Palestine)

-Isa

I believe the bitcoin price will not return to the $ 7000 level in this bull market, according to my analysis, the bitcoin price can only return to the $ 6800 level and then will drop sharply to the $ 5000 mark. So I think you should sell your bitcoin at this point if you have a profit, the bitcoin price will probably continue to decrease at any time.

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