Bitcoin dashing towards $10k or more - page 2.

timerland

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Our experts currently suggest going long on Bitcoin which currently sits at approximately $9200. A good price point to exit would be $10,000. If you want to get a bit adventurous, you may even set your exit point at $10,500 or $11,000......

And why exactly? I don't see any explanation/analysis that would suggest to me that any research has been put into actually selecting these two figures, which seem to be arbitrarily chosen at this point.

I agree with the statement that BTC is likely going to crack 5 figures very soon, given the fact that the market sentiment is still primarily bullish with no signs of stopping any time soon, as well as the institutional factors that will likely drive prices up.

However, I don't agree with your exit strategy. I believe that based on history, this price level is only in the early stages of the bull market, and institutional investors haven't even started to invest on a full scale yet. Right now, it is still in the early stages of optimism, and based on historical data there is no real sign to suggest that we're peaking right now.

BrewMaster

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Bitcoin will certainly hit 10,000$ that's obvious. I already have btc, eth, and some other alts. I should sell my eth to btc. The entire crypto market is unpredictable to the point that even the best minds are uncertain, yet bitcoin is king which is as it should be!

the unpredictability exists but it is very different in this market.
for example the unpredictability of the altcoin market stems from the fact that they are mostly manipulated and since pump and dumps are artificial market behavior and not natural you can not ever begin to predict them.
but the unpredictability of bitcoin is only in its short term and it is because of its small market that can sometimes be affected by small events. others times and in long term it can easily be predicted.

fourpiece

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Im sure bitcoin will hit that price before this month ends , i guess bitcoin price will change next week , it will be playing arount 10,000 - 10,300$. And by next year bitcoin will hit 1,000,00$ just like what macfee predicted.

michellee

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Quote from: Ronyx on June 17, 2019, 02:35:36 PM

Bitcoin will soon reach 10k and that will be a good level for bitcoin, and in the future it can be more likely to continue to grow, and keep holding to get better profits.

But I think people will wait for another higher price and many of them still hold their bitcoin if the price does not increase more than $20k. They want to make a bigger profit by waiting for the price to increase. But some traders will buy and sell bitcoin at any price because they know that is their chance to make a nice profit from the gap of the bitcoin price. In this case, we need to be careful to trade if we are following them to trade because that situation will be unpredicted for us.

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Quote from: LeGaulois on June 17, 2019, 10:56:02 AM

(I bet the price will go below $9.000 this week). After the rise which started in April people started to sell a little but they stopped when they realized we are in full moon period. I mean when we were at $7,500 they started to think it could a lot higher. So they preferred to wait for a period like we are in currently. If you bought at $4,000 not long you're already with a good ROI. But I'm sure most of them are waiting for the $10,000 when it will come, be sure they will start to sell.

I would also bet some money to such an outcome, but not just because people have intention to sell, but because it is very obvious that there is currently no more fuel for the upward trajectory, so if we can not move forward we're probably go back under $8k until a new opportunity appears to attack $10k again.

I also think that many people who invest in range from $3000 to $5000 have already sold their coins, since most are very happy with 100% profit, and others will wait five-digit numbers or new ATH.

BigBos

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Quote from: Red-Apple on June 19, 2019, 04:27:24 AM

Quote from: Kemarit on June 18, 2019, 09:49:44 AM

But don't forget the FOMO though, if we break and slice $10,000 in the next coming days, it will be hard decision to sell specially when FOMO sets in again and push the price even further. We have seen this in the past and the likelihood to see them entering again is very high assuming that 5 digit is the magic number they wanted to get in. So we will see what happens next, as traders it's always very difficult to sell and book our profits, but intelligent investors have their own exit plan so I it will be good if we have one as well.

i don't think FOMO is going to happen right at $10k because that price can act as a target for many short term traders to sell (cash out) their bitcoins to take profit and since it is a rather strong resistance we may not see a big rise there. but a little higher possibly closer to $11k the FOMO can really begin.

well, it's only a matter of time. however, currently the price is so close to the price of $ 10000. this does not cover the possibility of bitcoin prices developing to higher prices. for now, I'm just waiting for the price of $ 10,000 that might happen this month. preparation for that is really needed.

Red-Apple

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Quote from: Kemarit on June 18, 2019, 09:49:44 AM

But don't forget the FOMO though, if we break and slice $10,000 in the next coming days, it will be hard decision to sell specially when FOMO sets in again and push the price even further. We have seen this in the past and the likelihood to see them entering again is very high assuming that 5 digit is the magic number they wanted to get in. So we will see what happens next, as traders it's always very difficult to sell and book our profits, but intelligent investors have their own exit plan so I it will be good if we have one as well.

i don't think FOMO is going to happen right at $10k because that price can act as a target for many short term traders to sell (cash out) their bitcoins to take profit and since it is a rather strong resistance we may not see a big rise there. but a little higher possibly closer to $11k the FOMO can really begin.

Kemarit

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But don't forget the FOMO though, if we break and slice $10,000 in the next coming days, it will be hard decision to sell specially when FOMO sets in again and push the price even further. We have seen this in the past and the likelihood to see them entering again is very high assuming that 5 digit is the magic number they wanted to get in. So we will see what happens next, as traders it's always very difficult to sell and book our profits, but intelligent investors have their own exit plan so I it will be good if we have one as well.

arpon11

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Quote from: BTCgrinders.com on June 16, 2019, 01:29:19 AM

https://btcgrinders.com/blog/Bitcoin-Trading-Analysis

Our experts currently suggest going long on Bitcoin which currently sits at approximately $9200. A good price point to exit would be $10,000. If you want to get a bit adventurous, you may even set your exit point at $10,500 or $11,000......

That is a good motivation predictions! There is no doubt bitcoin is seriously bullish and $10,000 is the next selling area as many orders has been opened around that area. However, it is daily becoming too expensive to buy and I see what play out at the end of last two year will play out again. The low income earners will be afraid to buy at this moment and when bitcoin get serious? They will jump in expecting the market to remain bullish and the whales will dump on them for profits. In my view bitcoin is going to create a new high this year and it might be $30,000.

klaaas

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Quote from: Zemomtum on June 17, 2019, 05:14:04 PM

The technical analysis suggest that $10000 might be the exit point but ONLY the market can decide this. Looking at the chat, there are lot of sellers around this region, so it will be a critical point that will be interesting to watch

For as now the bigger sell offs this year where eaten pretty quick before heading higher up the charts. with the overall crypto space still positive this will be no difference.

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Quote from: goaldigger on June 17, 2019, 05:16:56 PM

Quote from: BTCgrinders.com on June 16, 2019, 01:29:19 AM

https://btcgrinders.com/blog/Bitcoin-Trading-Analysis

Our experts currently suggest going long on Bitcoin which currently sits at approximately $9200. A good price point to exit would be $10,000. If you want to get a bit adventurous, you may even set your exit point at $10,500 or $11,000......

June is a good month for bitcoin and the value is now near $10,000. I believe that was the final value of it before entering July where it is estimatedly adding another $500 in it. I already set my limits that whenever the value reach that, i will sell it and wait for another drop.

Good plan as you if you profit on it, of course after this run, we might see some correction happening again, but I like to see it moving up continuously.
It's gonna be a big milestone of success if we are seeing bitcoin breaking $10,000 by June, that would be huge for the believers as it could boost the morale of waiting.

But your strategy is good, at this situation, it's also nice to benefit on short term movement and bitcoin's volatility.

el kaka22

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I think going low wouldn't be shocking but I wouldn't suggest leverage for now. I think the price will go up but the leverage could be problematic since it requires almost no going down before going up (with too much leverage at least) and if bitcoin price goes down 100 bucks then goes up 1000 bucks you lose all your money whereas if it goes up 1000 without ever going down you earn 100k, that makes no sense to me.

Of course, it is a risk people take and I can understand it however for now if the price is going up there is still a chance of a correction above 10k so please be careful about your leverages and try to keep them low for now, I understand people who do not have too much money want to leverage so they can earn more than they offer but don't risk all of your money for a short uptick.

Herbert2020

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Quote from: Zemomtum on June 17, 2019, 05:14:04 PM

The technical analysis suggest that $10000 might be the exit point but ONLY the market can decide this. Looking at the chat, there are lot of sellers around this region, so it will be a critical point that will be interesting to watch

that is the biggest problem with predicting price when there is an unpredictable behavior on the way. you think there are lots of sellers but even those who say they will sell aren't going to sell most of the times.
the final result depends only on whether price is going to shoot past $10k or have trouble breaking it. if the momentum and the buy strength of the upcoming rise weren't enough then all those people sell and we come back down to $9kish to go and test it again but it is also possible to see $10k be broken smoothly and we can reach $11k+ before seeing a correction to a much smaller value and stay above $10k for good.

goaldigger

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Quote from: BTCgrinders.com on June 16, 2019, 01:29:19 AM

https://btcgrinders.com/blog/Bitcoin-Trading-Analysis

Our experts currently suggest going long on Bitcoin which currently sits at approximately $9200. A good price point to exit would be $10,000. If you want to get a bit adventurous, you may even set your exit point at $10,500 or $11,000......

June is a good month for bitcoin and the value is now near $10,000. I believe that was the final value of it before entering July where it is estimatedly adding another $500 in it. I already set my limits that whenever the value reach that, i will sell it and wait for another drop.

Zemomtum

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The technical analysis suggest that $10000 might be the exit point but ONLY the market can decide this. Looking at the chat, there are lot of sellers around this region, so it will be a critical point that will be interesting to watch

Ronyx

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Bitcoin will soon reach 10k and that will be a good level for bitcoin, and in the future it can be more likely to continue to grow, and keep holding to get better profits.

LeGaulois

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(I bet the price will go below $9.000 this week). After the rise which started in April people started to sell a little but they stopped when they realized we are in full moon period. I mean when we were at $7,500 they started to think it could a lot higher. So they preferred to wait for a period like we are in currently. If you bought at $4,000 not long you're already with a good ROI. But I'm sure most of them are waiting for the $10,000 when it will come, be sure they will start to sell.

Bezobraznike

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Quote from: BTCgrinders.com on June 16, 2019, 01:29:19 AM

https://btcgrinders.com/blog/Bitcoin-Trading-Analysis

Our experts currently suggest going long on Bitcoin which currently sits at approximately $9200. A good price point to exit would be $10,000. If you want to get a bit adventurous, you may even set your exit point at $10,500 or $11,000......

Will 10,5 - 11 thousands be your exit point or you predict a new deep drop after that?
Bitcoin definitely shows good temps of growth this year and I plan to wait for another 20 as minimum.

Naida_BR

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Quote from: BTCgrinders.com on June 16, 2019, 01:29:19 AM

https://btcgrinders.com/blog/Bitcoin-Trading-Analysis

Our experts currently suggest going long on Bitcoin which currently sits at approximately $9200. A good price point to exit would be $10,000. If you want to get a bit adventurous, you may even set your exit point at $10,500 or $11,000......

Indeed it does but this doesn't show me a healthy market.
The increase in bitcoin price in not depicted in the price of altcoins which makes me wonder if it is just a meaningless pump or it goes for the next bull market.

freedomgo

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Quote from: BTCgrinders.com on June 16, 2019, 01:29:19 AM

https://btcgrinders.com/blog/Bitcoin-Trading-Analysis

Our experts currently suggest going long on Bitcoin which currently sits at approximately $9200. A good price point to exit would be $10,000. If you want to get a bit adventurous, you may even set your exit point at $10,500 or $11,000......

I believe the market is so bullish now, so that $10,000 is possible to be hit soon.
I also believe that the market sentiment has already change, people are not shorting bitcoin now as it's been consistently thus far, but I'm afraid some manipulation might happen again. Anyway, I'm with you in short term.

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