Bitcoin faces more decreases - page 2.

michellee

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

Yes, the price is down, but we will see bitcoin will be back to the higher rate. But until that time comes, we need to be patient and hold if you don't want to sell at a low price. At this moment, I think we can have another good time to buy more bitcoin while the price is at below than $10k because once the price increase, we don't know if this price will be the last low price that we will see. Maybe we will not see this price again in the future, so you know what you should do now.

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Quote from: maxreish on August 20, 2019, 11:40:42 PM

Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

How can you sure about the price? Do you have basis? The price of bitcoin is currently steady at $10k. We can see it is slowly gaining strength since it broke the resistance at $10500, there is a sign of bullish trends in the coming days or weeks but it doesn't mean we will not experience some bearish times.

Does anyone have basis for speculation? Technical analysis does not even work here for them to claim they are making their statement based on analysis, they just make some exaggeration and then spill it out to the public as they resin it within them which we should be careful the way we speculate because whatever we say to the world is what some people hold on to.

There is need to fully understand that this is not Forex trading where they have very little volatility that gives them the room to be able to predict using TA, in crypto,the volatility is just too much that we might think this is how it will happen and then someone influential could just wake up the next day to influence the market and then change the whole game entirely, so speculating blindly is not really working or worth it.

iMark

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Quote from: Hamphser on August 20, 2019, 06:12:44 PM

Quote from: sarmrakib on August 18, 2019, 11:10:03 AM

Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

It was not a huge dropped and already has started to recover now the price is almost 10500$.I think the 20k$ mark is really possible to touch .If this trend continue the momentum its really possible to touch 20K$ mark.

It's been bouncing for a week but surprisingly the price just acting positively this week staying at a very stable price of $10,600 to $10,800.

I won't just expect the $20k mark to happen since i was just focusing the current price right now, but we will still be able to see that $20k price in no time. Let's just enjoy this little bullish price of bitcoin since it is starting to break the $11k again.

don't be too tense with the current price movement, I could say the current price isn't too bad. just watch the moves, the price is stable and it's a profit for you to trade more safer. getting towards the end of the year I think prices will go up because of news about halving

maxreish

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

How can you sure about the price? Do you have basis? The price of bitcoin is currently steady at $10k. We can see it is slowly gaining strength since it broke the resistance at $10500, there is a sign of bullish trends in the coming days or weeks but it doesn't mean we will not experience some bearish times.

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Quote from: sarmrakib on August 18, 2019, 11:10:03 AM

Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

It was not a huge dropped and already has started to recover now the price is almost 10500$.I think the 20k$ mark is really possible to touch .If this trend continue the momentum its really possible to touch 20K$ mark.

It's been bouncing for a week but surprisingly the price just acting positively this week staying at a very stable price of $10,600 to $10,800.

I won't just expect the $20k mark to happen since i was just focusing the current price right now, but we will still be able to see that $20k price in no time. Let's just enjoy this little bullish price of bitcoin since it is starting to break the $11k again.

1Referee

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Quote from: STT on August 20, 2019, 05:32:57 PM

I have to classify it as acting positively within this period of time and until it breaks the MA again.

I do expect a bullish continuation at least until the price meets the descending resistance. From there things will start to get very interesting; people probably already count their profits by going short near that descending resistance as they expect another rejection. It wouldn't surprise me if we break out and at least move towards $12,000 which will rekkt a lot of shorters.

When certain patterns become too easy to trade where even your neighbour starts talking about it, they usually break out against the outcome people are betting on.

STT

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Its acting very positvely as of the last week I think. Its surprised me though I shouldnt say that as its been bouncing around this box with 9000 area as the base for a while.

Regular series of higher lows on 4hr bars

Keeping a previous fib line as a low and also closing above the 8 day and 30 day moving averages. I have to classify it as acting positively within this period of time and until it breaks the MA again.

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

It was not a huge dropped and already has started to recover now the price is almost 10500$.I think the 20k$ mark is really possible to touch .If this trend continue the momentum its really possible to touch 20K$ mark.

LogitechMouse

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Today, it maintained its price above 10,000 which is I think good but trading right now is risky since it can go below 10,000 anytime. The news regarding Bakkt remained its price at 5 digits. Well, whatever happens to it is ok for me. If goes down then will buy more and will sell it in my target price Cheesy

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Quote from: jaocoincrypto18 on August 17, 2019, 04:21:19 AM

Hopefully that this might be a just a normal fluctuation and price correction because if the price falls was due to many people are leaving crypto investments then i'm afraid that will never have a true bullish market in which we have been waiting for it for a very long time.

What we have now in the market are more of holders, and we should expect them to leave at any time, depending on the goal they set for their investment in bitcoin, some could decide to wait for so long while some will decide to take a leave now, and we cannot ask them not to leave, what we just need are people right now that will make the bitcoin demand to increase and that responsibility rest on the shoulder of merchants.

Demand and supply as we know is what controls the market, if we had lots of factors that had been set up to always create demands, then we might not have been waiting for bull run because every day would have been our bull run, as people uses bitcoin to make payment to merchants accepting them, demand will be increasing, why supply decreasing and this will increase the price of bitcoin always.

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Aaaand we're back above 10k again. Weekend trend still holding true for the most parts and hopefully for the rest of the year, so that's always good news for guys like me, we get our invoices paid at the end of the week and do our mini sells on Sunday so money enters bank account Monday or Tuesday.

Now waiting for them profiteering scalpers to resume breaking support and maybe another 9k this week?

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Quote from: imstillthebest on August 17, 2019, 05:14:10 AM

Quote from: jaocoincrypto18 on August 17, 2019, 04:21:19 AM

Hopefully that this might be a just a normal fluctuation and price correction because if the price falls was due to many people are leaving crypto investments then i'm afraid that will never have a true bullish market in which we have been waiting for it for a very long time.

are you aware about the longest dump that happened last year ? but look at btc now , btc is still alive and growing , that only means that people arent leaving btc permanently but there are some that selling because they are afraid if what if btc wont return to normal .

now back on this year , btc is now normal so the fluctuations that we experience these days is also not evasive at all . there is a bull that happened few months ago , not sure if you miss it but you can wait for another one because there will still be new bulls that will happen on the late game .

Yes, the bitcoin is above 10K and if we compare it with January 2019, it has increased almost 3x. But look the altcoins prices and they are more than all time low. Sad

Most of us have portfolio in altcoins and we all are in big loses. Wouldn't be good if both altcoins and bitcoins move upwards at the same time ?

sana54210

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I guess looking at the last 24 hours its up about 3%-5% already, which is clearly indicating that small movements like 5% down or up doesn't mean anything in crypto, it happens all the time and we shouldn't care about it, however the volatility got smaller and smaller recently and the movements are smaller and smaller so that has to mean something. I don't know what it means and I don't know what we can do about it to change it but right now that is the reality.

Let's see if bitcoin will have a bigger than %10-15 first to make topics about it and have discussions, these are too small to care, if you have been in crypto long enough you know that this happens all the time and doesn't really mean anything in what direction price is going, its not an indication of price movement, it is just showing how traders are still trading, that's it.

imstillthebest

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Quote from: jaocoincrypto18 on August 17, 2019, 04:21:19 AM

Hopefully that this might be a just a normal fluctuation and price correction because if the price falls was due to many people are leaving crypto investments then i'm afraid that will never have a true bullish market in which we have been waiting for it for a very long time.

are you aware about the longest dump that happened last year ? but look at btc now , btc is still alive and growing , that only means that people arent leaving btc permanently but there are some that selling because they are afraid if what if btc wont return to normal .

now back on this year , btc is now normal so the fluctuations that we experience these days is also not evasive at all . there is a bull that happened few months ago , not sure if you miss it but you can wait for another one because there will still be new bulls that will happen on the late game .

jaocoincrypto18

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Hopefully that this might be a just a normal fluctuation and price correction because if the price falls was due to many people are leaving crypto investments then i'm afraid that will never have a true bullish market in which we have been waiting for it for a very long time.

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Quote from: ?? on ??

don't we already know how the crypto market moves if there is an increase there will definitely be a correction this is a natural thing so don't overdo it.
We don't know what will happen to this market because everything can happen instantly, even when you are sleeping.

Not sure about that because the crypto market can move to anywhere and we cannot predict with the right. Bitcoin now faces the decreases, but I am sure that it will end soon and bitcoin will start to reach the higher price again. We could only prepare for anything even if the worst thing comes after this so we can prevent the losses that might happen. It seems, the market now moves slowly, and the price is not increasing too fast, but the sign of bitcoin price to increase appears so we could hope that in the next week, there is something that will happen in the market.

jostorres

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This is basically nothing, I mean we have seen falls from 20 thousand dollar levels to all the way down to 3 thousand dollar levels and you are afraid of couple of hundred dollars fall? It is basically nature of bitcoin to go up and down that much every single day, even during the biggest fall we had increases over 200 dollars and it didn't stop the fall, I remember clearly last summer we moved to close to 6 thousand dollars and went beyond 8 thousand dollars, it didn't stop it falling to 3 thousand dollars couple months later.

Hence, just because it fell a bit doesn't mean it will fall even more (it also doesn't mean it will go up, it means basically nothing). Calm down and let the market do its thing, if you keep worrying about price all the time you can't live long in crypto world.

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Quote from: Yamifoud on August 16, 2019, 05:50:48 PM

That declining scheme of bitcoin isn't a wary thing to cause for a huge loss but a time given for investors to buy more.
If we are an investor, we could be happy that it turns like that and have this opportunity. With all that ups and downs, uncertainty might be pulling us down and might catch us into FOMO.

If investors think the way you advise them to do, we would have a great market, thing is, not everyone of them believes and does not easily panic, some of them panic when there is a pump and dump, that's why market is very volatile because of these people and whales can abuse them since they easily react not knowing that bitcoin have face a lot of decrease in the past and even other people think it's a dead coin but that dead coin were able to rise and have a bull to create a new ATH.

They should also look at the past performance and not just easily react on the short term movement, BTC won't be this progressive if it not a strong asset.

JohnBitCo

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

Bitcoin may be down again temporary due to CME futures gap but we all know that bitcoin halving is going to happen next year. They hype of this event can again bring a major pump in the bitcoin prices.

Yamifoud

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That declining scheme of bitcoin isn't a wary thing to cause for a huge loss but a time given for investors to buy more.
If we are an investor, we could be happy that it turns like that and have this opportunity. With all that ups and downs, uncertainty might be pulling us down and might catch us into FOMO.

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