Topic: Bitcoin Bottom Now - Rise Soon - page 8. (Read 829 times)

Well, first, it will be a very long time until central banks go away. That might never happen. Second, Bitcoin has no mission because it is not an organization. It's a tool. Why do people keep any tool? Because they are using it for something.

Bitcoin is the most supported cryptocurrency and has no risk of going away until it is first removed from the top spot. So, no need to fear until then. In my opinion.

bitcoin rose at the beginning because the people were so angry with the central banksters,

after the central banksters are gone, bitcoin will be dumped by the market, because it has no social mission and no social meaning, the people simply dump it. why preserve this waste of electricity.

Thanks for asking, but I don't have the chart posted anywhere and I would have to upload it somewhere to show it here.

Basically, the price seems to have gone above the downward trend-line it has been following since 1/15/18. Breaking above that trend is a big shift. Also, my estimate is that on 1/21 the price fell below where the BTC price would have been had December not had such a crazy shot up. I now believe December was an outlier. So, if you remove December's crazy growth, we have now reached (1/21) and then gone under (1/22 to today) where BTC should have been had December not gone crazy.

My estimate of where it would be today, if not for December is 12,500. Since we are both under that line (below 12,500), and also now breaking the downward trend from the past several weeks in an upward manner, I think we have already hit the bottom.

If you don't throw out December, we are due for rise to 18K to 24K which is why you see that number a lot.

I'm doing things differently by suggesting December is an outlier. When you find an outlier in research, you should throw it out.

The December to now drop is 50% (almost). That's not normal for Bitcoin - clearly an outlier. If you remove December, we are right on track for where we should be today, just a little under which should mean growth is coming back soon.

Throw in that people are waiting to jump back in, and who knows where it rises to. But the clearest signs I see are we are at, or already hit the bottom, the floor.

I know I sound sure, but I'm new to charting, so I'm not sure. I'm good at research, but new to charting Bitcoin though I have followed the community for years.

I do think Bitcoin will rise sooner or later. Do you mind sharing your graph so that we can all learn here.

Yes, good point. Maybe that will reduce the speed of the rise, but there are a lot of people waiting to get back in, so a lot of fiat is sitting on the sidelines.

It is starting to pump now and this is a good sign of a bullish pattern, well I hope it will continue now to pump. People who believe bitcoin is will enjoy great profit, and those who buy at a dump price made a right decision.

I agree. Thanks for your input.

Since you have been around a long time, any thoughts on the target rise price? If the alts where not so popular, I would target about 13 to 18, but since they are, I'm thinking more 13 to 15 before any new fast rises.

I think people will still be cautious.  As last time I think a lot of people lost money.  But I suppose if people buy at this minute they won't lose too much.  But it's not good to buy at the top of the price rise. 

The dip is over now. Bitcoin will rise now!

Again, my charting shows we hit the bottom or at still at the bottom and the rise is next.

No comments? Well I'm going to track if I'm right.

CoinMarketCap:

Price at post: 11,100 (right around there)
Price now: 11,471

My analysis shows Bitcoin's price is at the bottom and my analysis also shows a rise is coming. I can't figure out how much the shift to alts will reduce the rocket fuel, but I do see a rise coming soon.

Anyone see the same?