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Topic: bitcoin is going down - it will stop at 7600 BTC/USD or 4700 level. Vote! (Read 576 times)

member
Activity: 196
Merit: 10
As long as the downward trend does not change, the price will decrease (((

Based on the intensity of the downtrend of Bitcoin throughout the past two weeks, a drop to a new yearly low in the range of $3,000 to $3,400 seems unavoidable, especially if the volume of BTC is considered.
https://www.ccn.com/crypto-market-loses-6-billion-in-big-downtrend-is-3000-bitcoin-unavoidable/
sr. member
Activity: 868
Merit: 257
the lower the better for investors like us.
If you are early investors the lower price is not good because you already lose a money. To all people who willing or started to invest in bitcoin you are lucky simply because some people invested last year where the price is around $20000 and the price of now is around $4000. I think the price of bitcoin will not drop again so stay positive.
newbie
Activity: 40
Merit: 0
member
Activity: 364
Merit: 13
Killing Lightning Network with a 51% Ignore attack
Add a vote for $1500   Wink
member
Activity: 560
Merit: 13
You predict it! I thought the price of bitcoin will stabilize at 7600 dollars before christmas will come. But look at the price right now, it moved down to 3800 dollars. If you will buy at 6500 dollars, you lose already half of your investment. The best thing is to hold because the market is still at the process of recovery. Hold and buy bitcoin as well as other altcoins.
member
Activity: 280
Merit: 10
The price of 5000 will be good for purchase  Grin

So now you should buy some bitcoin Smiley When you posted your comments the bitcoin price was arround $9.500 and now around $4.000 so go and buy some.  We have passed the 7.600 and 4.700 levels and the falling still continue. I am sure that the crush will until price reaches $3,000. And then i hope we will have some recovery for all of our sakes..
jr. member
Activity: 667
Merit: 1
Oooh what a good prediction,  however we have seen 3600$/bitcoin and still people are predicting that we might go below 3000$ range before we finally see a new wave of price increment.  We hope things get better for more profit,  mainstream adoption and real life use cases. 
newbie
Activity: 129
Merit: 0
Hoping it goes down so that i can buy more.

and then lose that money as well. wow, you are clever....

Why would i lose if i only sell when it's high? Do you have like any experience at all in this what-so-ever?
newbie
Activity: 129
Merit: 0
Hoping it goes down so that i can buy more.
member
Activity: 322
Merit: 10
the lower the better for investors like us.
Agree! It is golden chance for us to make good income with small investment but if we will be later then it will be lose because price of bitcoin is slowing again rising so if you will invest at low price will have good output at the end of this year. Price of bitcoin is a bit low but it will not remain the same price of bitcoin will grow once again and it will be time to sell bitcoin but right now you will have to show patience.
newbie
Activity: 6
Merit: 0
yes probably it will stop at 8k level or 7k level, which is very healthy given its upward movement for months but bigger picture bitcoin is still in a good up trend.
newbie
Activity: 8
Merit: 0
If it drops to 4,700, everyone will start buying bitcoin and it will be good
sr. member
Activity: 560
Merit: 260
Both are just random numbers.


Not random! I explained them in the topic message.

You will see how the price stop falling at the level around 7600 (7550-7650)! Cool

Yes, I read your explanation and came to the conclusion that these were just two random numbers.
jr. member
Activity: 112
Merit: 6
The price of 5000 will be good for purchase  Grin
I hope it will not go down to $5000 level. Yes it is good to buy in at $5000 but if it goes down that levels, people can lose their belief in cryptocurrencies.

if it goes below 4700 then 1500 what we will see before great and long 3rd wave to 100k
member
Activity: 182
Merit: 10
The price of 5000 will be good for purchase  Grin
I hope it will not go down to $5000 level. Yes it is good to buy in at $5000 but if it goes down that levels, people can lose their belief in cryptocurrencies.
jr. member
Activity: 112
Merit: 6
jr. member
Activity: 112
Merit: 6
We may see 8990-8999 next hours and this will be the end of upward correction...then show will go on) Roll Eyes

I agree, there will more long term holders joining bicoin community and will be holder of bitcoin, they will see the true profit.

Yes. Today the secretary of my company (a woman of 35 years old, which is far away from the crypto world) come to me and asked when she should buy bitcoin-) I was shocked) SO..regular people who don't even know anything about this forum are going to invest. Roll Eyes
jr. member
Activity: 196
Merit: 1
We may see 8990-8999 next hours and this will be the end of upward correction...then show will go on) Roll Eyes

I agree, there will more long term holders joining bicoin community and will be holder of bitcoin, they will see the true profit.
jr. member
Activity: 112
Merit: 6
We may see 8990-8999 next hours and this will be the end of upward correction...then show will go on) Roll Eyes
member
Activity: 266
Merit: 15
I have recently read an article of a bank in Switzerland who said that a fair value of one bitcoin would ba at about 6K. That would match the middle of the range op gave us.
I think at that time the price was somewhere between around 11K.
Those guys in Switzerland are usually very crypto friendly, and when it comes to things concerning money quite smart. I suppose they have more accurate numbers than most of us.
But I still will not sell my coins.

Anyway, the price will continue to down (this is not the end)


Inded, I guess we will see 2-3  (5min) UP candles and the panic continues...
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