Topic: Bitcoin breaks $6k barrier (Read 864 times)

Please do not use this thread or bump it unnecessarily, when the time again you see the bitcoin at the 6k USD value. That time you may wait to find the other thread or make this one live for others.
I advice op to lock this thread. There is no need of use of dead thread to make it live.
Others please do drag this thread more mate.

This is good news for those who are eager to buy Bitcoin. But I'm troubled by the OP points.
It's a happy news for threads. In my opinion it does not break the $ 6k barrier, but it can be assumed that it will not be as deep as $ 7k at the bottom of $ 6k. This thread is not just quite full of trouble and knowledge.

It will be hard to see bitcoin going down 6k but looking at the present market it's highly doubtful that it will go below the 6k anytime soon.
All you gotta do is HODL! 

Now, when such an important psychological milestone is taken, the question arises: what next? Will the breakthrough of the $ 10,000 mark increase the number of investors in crypto-currencies, or will this event provoke large-scale profit-taking among long-term holders of tokens and miners?

And the problem here is that in such situations the human brain is often characterized by unpredictable reactions. Decisions that the ultimate "level of fear" has already been reached are taken very subjectively, as well as the boundaries of "greed" are also set individually. Therefore, one can only hope that each trader has some proven ways to analyze and assess the current mood of the trading community with respect to bitcoin.

At the same time, it is very important not to lose sight of the fact that we are not interested in the opinions of those who simply know about bitcoin, but those who really own them. So, for example, how will the exchanges, CFD brokers and purse providers behave?

Yes, recently we hear a lot of forecasts, according to which the bitcoin rate will rise to $ 40,000 (Mike Novograts) or even up to $ 80,000 (Peter Schiff). However, who actually holds the bulk of the bitcoins? Unfortunately, we do not know the answer to this question. And this is the reason for increased caution.

Bitcoin crashed hard recently and stayed that way for quite a while which was not a very good price but now the price has started to recover which means it is out of the $6k range but now it seems to be staying at the $8k range so we'll see what happens.

I think your place isn't here, its in the mad hospital LOL

I am expecting still downtrend and you are happy with this much only? Very unambitious guy you are -_-

Its better not to be happy now only because if it falls much down you cant even cintroll your happiness LOL

Why did this thread get a merit point? Very suspicious. I do not see any interesting topic. But anyway, I believe that bitcoin will continue to decrease. The good news is yet to come. We better be optimistic and support its ups and downs. I hope people should stop posting these kind of threads. We already know the current price of bitcoin and why it is dropping.

good news why? bitcoin prices tend to fall this weekend. that means bad news for everyone who has it. do you think is good because it will not break below 6000 $? I think that's what you mean

I think this is possible. The whales might not want to see price dip further. They might dry up the market, causing artificial scarcity to pull the price up again. I expect the price to have a turn upwards this new month.

Start the new month news will be great i think btc will be grow up again and we wont see the 6k $ trend again and i hope the road just start to the moon ..

It is April 1st and Bitcoin just smashed through the $10,000 mark. Ain't we lucky!

maybe you mean good news is bitcoin does not touch the price of $ 3000 this week. but when compared with the previous week the week was the lowest

I think that after Mtgox released a large amount of bitcoin, it created a psychological impact on users and investors. The downturn is understandable. Of course, I agree that this process will soon be over. But the losses are always haunting and are always in my thoughts about the worst things that can happen.
I am working hard and patient to stay mentally. Waiting for a recovery in the market is a difficult one.

are you happy with this accident? do you think BTC will reach $ 5000? and when BTC will rising and high again.

it seems you can to answer my question. thank you

In the past few hours, the price of bitcoin has changed a lot, and the whole encryption market has crashed. I don't know what caused bitcoin to collapse. In the past half an hour, the price of bitcoin has recovered so much that I'm confused that I haven't gotten any bad news about bitcoin.

Don't forget that $5500-$6000 is the current cutoff for mining profit. The big miners have big pockets and connections to attempt to keep the price up, so that $5500-$6000 range could be the bottom against TA. Unless they want to buy in cheap on the $3000 range as the lowest bottom before FOMO starts kicking in.

This is Bitcoin guys, it's ridiculous that you think TA will apply like clockwork. It just takes whales to meet up and they can change the trend, and these have a massive incentive to hold that floor - and deep enough pockets to do so.

Well I suppose that it surely is a great news unlike what everybody says since in the eyes of a bitcoin lover/enthusiast, everything happening to bitcoins is a good news. When the market price of bitcoins is down, then they see it as a great opportunity to accumulate more and if the price is up, then they consider it as a great chance to get some more profits in selling or day trading and expending their portfolios. That is how I understand op.