Bitcoin Can be $5,000 Again? - page 8.

aardvark15

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Quote from: CryptoBry on September 02, 2017, 10:03:26 PM

Just days ago, predictions and projections were pointing to the possibility that Bitcoin can be able to clobbered the $5,000 mark and it did happen. But what followed was a big correction due to massive sell-off (profit-taking is the possible reason here which is nothing alarming actually) and so we are now back almost at the $4,500 - $4,600 range.

However, since Bitcoin had already broken the $5,000 wall, it would be now easier for it to do it again this time. We just don't know when can that be...will it be tomorrow, next week or just within the month of September?

I wouldn't call this a "massive sell-off" yet. We could see the price drop much more as part of a correction or dump. But the price will eventually go back to $5000 and beyond. A correction right now should be expected after the huge increases lately. I would look at this as a time to think about buying more Bitcoins or altcoins.

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Quote from: Apes on September 04, 2017, 07:09:42 AM

bitcoin has broken the wall 5000 dollars? How do you know ? to my knowledge bitcoin has not broke the wall 5000 dollars bitcoin up to 4800 dollars the wall he solved years now bitcoin will only break the price of 5200 dollars

It didnt actually break 5000 dollars price as far as i remember it did only reach 4912 or more but didnt reach 5k which means theres really a strong resistance on that price and now the price did dip again and going back on 4200 price again and this is the time we should really watch out on bitcoins price and be alert on setting up buy orders. We wont know if the price would dip even more.

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Quote from: CryptoBry on September 02, 2017, 10:03:26 PM

Just days ago, predictions and projections were pointing to the possibility that Bitcoin can be able to clobbered the $5,000 mark and it did happen. But what followed was a big correction due to massive sell-off (profit-taking is the possible reason here which is nothing alarming actually) and so we are now back almost at the $4,500 - $4,600 range.

This is a totally standard procedure, in fact, you can always count that people will sell off their coins when Bitcoin exchange rate will hit another 'round' number like $5000, $6000, $7000 etc.
If we know about this then we could use it to your advantage, wait for the another price threshold is crossed and then buy back coins people will sell.
No one will tell you for sure when we will cross $5000 again - one is certain, with this barrier reached people will realize that there is still potential for more, and will go even higher next time.

Apes

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bitcoin has broken the wall 5000 dollars? How do you know ? to my knowledge bitcoin has not broke the wall 5000 dollars bitcoin up to 4800 dollars the wall he solved years now bitcoin will only break the price of 5200 dollars

magneto

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Quote from: maokoto on September 04, 2017, 02:46:04 AM

Yeah, it will most likely reach the 5000$ again. It is easier to get there when you hace already been there.

Plus, the rumors and people saying it will touch 5000$ probably make many people expect that price to sell as you say. Sure it was the price target for many, and thus they sold once it reached it.

This was extremely likely to happen before this correction came along and painted the whole crypto market in red, essentially. I'm not sure about whether it is able to hit $5000 right now due to the updated regulations regarding crypto investing by the chinese government. Honestly i'm not fond of the majority of ICOs at all(the few that gets the most media attention are usually complete BS, and the actual good ones are never discovered or even have an ICO), but it means a lot to traders and speculators.

I think that we will recover to around $4500 before another bear wave puts us to the test. If $4000 can hold up then potentially we can settle at around $3900-$4200. But otherwise we may be looking at $3000-$3500.

jk_14

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The correct question would be "When will Bitcoin break $5,000 again?". There really is no stopping Bitcoin. We surely could see Bitcoin retracing for months or even a year and longer. However it's extremely unlikely that it wouldn't eventually flip back into a bull market and stampede the $5,000 target.

Don't forget that the market cap of Bitcoin (and cryptos in general) is extremely low considering the potential value. There's little to no doubt that Blockchains will revolutionize most aspects of modern human life in one form or another. It's just a question of when and how (e.g. will governments support it or try to bring it down and thus shoot themselves in the foot).

bamboylee

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As long as there is no established support on a higher level like 4700 and above, it can be considered as a momentary spike and did not broken the resistance at all. It can still test that level in the near future though. but now the price is still going down, so it may take more time before it goes to that level again.

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This month is for breaking 5k on all exchanges. It will be tested several times this month. Reason is to see if the price can be maintained above 5000 per one bitcoin, if this proves to be good speculation then we can move on speculation will price of bitcoin even go above 7000 by this years end. Or it will be broken and set to go down in price after hard fork in November.

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Quote from: CrownPolly on September 04, 2017, 02:42:21 AM

Quote from: BitcoinGirl.Club on September 04, 2017, 01:13:25 AM

Am not worried that we are not going to see $5000 because this can happen any time between now and next week, we just need strong hands to stop dumping their coins whenever we hit a new all time to allow btc price to soar freely to new heights.

Usually, after each price drop, we see a new sharp rise. I am not afraid of falling, at this time I buy coins. Within a week we will again start talking about the fact that bitcoin has reached new record levels

Ya you are correct. After the rising edge their will be some falling also happen.So you should think about it. If you want some more profit means hold on.Once the price start to raise again means,at that time you can sell your long term Holding bitcoin with high price.

maokoto

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Yeah, it will most likely reach the 5000$ again. It is easier to get there when you hace already been there.

Plus, the rumors and people saying it will touch 5000$ probably make many people expect that price to sell as you say. Sure it was the price target for many, and thus they sold once it reached it.

CrownPolly

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Quote from: BitcoinGirl.Club on September 04, 2017, 01:13:25 AM

Am not worried that we are not going to see $5000 because this can happen any time between now and next week, we just need strong hands to stop dumping their coins whenever we hit a new all time to allow btc price to soar freely to new heights.

Usually, after each price drop, we see a new sharp rise. I am not afraid of falling, at this time I buy coins. Within a week we will again start talking about the fact that bitcoin has reached new record levels

BitcoinGirl.Club

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Am not worried that we are not going to see $5000 because this can happen any time between now and next week, we just need strong hands to stop dumping their coins whenever we hit a new all time to allow btc price to soar freely to new heights.

selline

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I am confident and believe if a couple days longer bitcoin definitely will return with $5000 and prices will continue to rise so we suggest that you should hold your bitcoin until price bitcoin best on this month and in case of price increases again of course you could be selling at that time and you will get a huge profit and doubled

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Quote from: AngelSky on September 03, 2017, 09:01:25 AM

Quote from: oegarod on September 03, 2017, 07:42:01 AM

Reaching $5000 by the coming days is not a big factor, because we already came close to $4950. For the correction purpose the price fell low to $4500 and once again the price is fluctuating within certain price points. The sustained growth is taking place and will reach $5000 at the earliest.

Ya I agree with you. In a week the price of bitcoin will reach 5000$.Today the cost of bitcoin will get back to 4500$ due to some factors. It's a lot of chance for bitcoin to reach such a value and more than that. I suggest you to hold your bitcoin and give some breath. If the price increase means you may sell at that time.

the declining bitcoin price in a few days is indeed a natural thing because bitcoin has a very rapidly changing price fluctuations. the price in my opinion is still in a very safe range, so buying some bitcoin is not a disadvantage. look at the future prospects that bitcoin prices are predicted to increase again even above 5000 $. we will see a more steady rise after breaking 5000 $ and this will continue to reach the 6000 $ limit, I think it will continue and we should go to a range of prices that might be called a safe bitcoin price limit.

joshy23

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Quote from: Ferris419 on September 03, 2017, 10:24:10 AM

Quote from: AngelSky on September 03, 2017, 09:01:25 AM

Quote from: oegarod on September 03, 2017, 07:42:01 AM

Reaching $5000 by the coming days is not a big factor, because we already came close to $4950. For the correction purpose the price fell low to $4500 and once again the price is fluctuating within certain price points. The sustained growth is taking place and will reach $5000 at the earliest.

Ya I agree with you. In a week the price of bitcoin will reach 5000$.Today the cost of bitcoin will get back to 4500$ due to some factors. It's a lot of chance for bitcoin to reach such a value and more than that. I suggest you to hold your bitcoin and give some breath. If the price increase means you may sell at that time.

Holding is the best thing to do at a moment and if you have some excess money then you can also buy some bitcoins right now as price has gone little down today so its a good price to buy bitcoins if you can hold it till the end of the year as you will surely make good profits if you hold your bitcoins till that point of time.

Absolutely, I would be buying more bitcoins today as the price is going down and this is a perfect opportunity to really enter the ecosystem with good price because its likely that bitcoin can go to $5000 again. Although some would be really disappointed to see the price going down after a run that we have about a few days ago. But hey, this is expected. $5000 has been the new wall now that has been put up so resistance is very strong. However, instead of panic selling, everyone should be in panic buying so that we can accumulate more. Traders have cash out seeing the price going to $5000 we understand it. But I would also like to say that hodl would be a good option as well. If you don't need fiat I advise you not to sell but to buy more bitcoin instead in this kind of dip.

bitcub

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Absolutely yes, Bitcoin will surely back to defeat 5000usd. Many whales dumped bitcoin at 5k. Lets hope this is not a long retracement. Can't wait to see BTC at 6k.

Ferris419

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Quote from: AngelSky on September 03, 2017, 09:01:25 AM

Quote from: oegarod on September 03, 2017, 07:42:01 AM

Reaching $5000 by the coming days is not a big factor, because we already came close to $4950. For the correction purpose the price fell low to $4500 and once again the price is fluctuating within certain price points. The sustained growth is taking place and will reach $5000 at the earliest.

Ya I agree with you. In a week the price of bitcoin will reach 5000$.Today the cost of bitcoin will get back to 4500$ due to some factors. It's a lot of chance for bitcoin to reach such a value and more than that. I suggest you to hold your bitcoin and give some breath. If the price increase means you may sell at that time.

Holding is the best thing to do at a moment and if you have some excess money then you can also buy some bitcoins right now as price has gone little down today so its a good price to buy bitcoins if you can hold it till the end of the year as you will surely make good profits if you hold your bitcoins till that point of time.

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Quote from: cashodler on September 03, 2017, 08:55:07 AM

Quote from: kwukduck on September 03, 2017, 08:41:54 AM

Maybe in the very far future some fork of Bitcoin can reach $5000 again, but with all the upcoming drama and regulation it's highly unlikely. Your best bet is to get your money safe while you still can, this drama and panic is only going to get worse for the foreseeable future.

Even though Kwukduck is known for mindless FUDDING, he's probably right about this one. Wait till November, choose the right chain and invest back. I've already gone to alt coin market, which will give me MUCH greater return no matter what happens to bitcoin (if it crashes, or goes to $1M).

Do you think in November the scenario will change on market?
Because in past days, after the price of Bitcoin increased to $5,000 (or near this price) other altcoin breakdown normal, however when the price of Bitcoin dumped to under $4,300 on Poloniex exchange, altcoin market also cannot recovery.
Therefore, I think Bitcoin still strong and altcoin need wait until November for comeback.

AngelSky

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Quote from: oegarod on September 03, 2017, 07:42:01 AM

Reaching $5000 by the coming days is not a big factor, because we already came close to $4950. For the correction purpose the price fell low to $4500 and once again the price is fluctuating within certain price points. The sustained growth is taking place and will reach $5000 at the earliest.

Ya I agree with you. In a week the price of bitcoin will reach 5000$.Today the cost of bitcoin will get back to 4500$ due to some factors. It's a lot of chance for bitcoin to reach such a value and more than that. I suggest you to hold your bitcoin and give some breath. If the price increase means you may sell at that time.

cashodler

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Quote from: kwukduck on September 03, 2017, 08:41:54 AM

Maybe in the very far future some fork of Bitcoin can reach $5000 again, but with all the upcoming drama and regulation it's highly unlikely. Your best bet is to get your money safe while you still can, this drama and panic is only going to get worse for the foreseeable future.

Even though Kwukduck is known for mindless FUDDING, he's probably right about this one. Wait till November, choose the right chain and invest back. I've already gone to alt coin market, which will give me MUCH greater return no matter what happens to bitcoin (if it crashes, or goes to $1M).

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