bitcoin is going down - it will stop at 7600 BTC/USD or 4700 level. Vote! - page 2.

Vazil

jr. member

Activity: 112

Merit: 6

Quote from: severaldetails on February 02, 2018, 08:49:30 AM

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)

severaldetails

hero member

Activity: 959

Merit: 500

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.

Vazil

jr. member

Activity: 112

Merit: 6

Quote from: RooKIED on February 02, 2018, 08:36:21 AM

It might go to 3k, panic sale Embarrassed

RSI shows that the downtrend will continue soon )
https://twitter.com/Ganzastation/status/959423177733656576

Bytem3

full member

Activity: 602

Merit: 107

Let's hope Bitcoin price hit the bottom. My bet is on $7600. $4700 would be too low.

Vazil

jr. member

Activity: 112

Merit: 6

Quote from: BingoDog on February 02, 2018, 08:11:47 AM

I don't expect the price to be as low as 4700$. Still, no matter the price don't panic and don't sell. This is the dump that has to happen but like every time in the past bitcoin will survive this period, look at this as a normal volatility process. Soon the price will be on the track again.

Yes, the liquidity of crypto market is very small now (comparatively to fiat market) so such Pump And Dump is normal. Needs more actors and more liquidity to stabilize the whole crypto market. It will take years. But I am sure the bitcoin will survive and be much higher than 50k. The question now is where the current downtrend ends.

RooKIED

full member

Activity: 263

Merit: 100

It might go to 3k, panic sale Embarrassed

Calidude

jr. member

Activity: 280

Merit: 4

7.5k is my bottom, too many people saw it at 20k and will have serious FOMO at 7.5k because that is in reach of your average Joe, or at least 0.5 BTC, anyone who has been in Crypto for a long time or learned it recently will know BTC is scarce therefore will always retain a higher value.

Kramblerty

member

Activity: 266

Merit: 15

Quote from: Fileiro on February 02, 2018, 08:04:04 AM

I voted 4700 because the 20 month exponential moving average sits at 4963,71 today.

true!

Vazil

jr. member

Activity: 112

Merit: 6

Quote from: fenican on February 02, 2018, 08:02:57 AM

I suspect it will trace all the way to about $1500. When bubbles form in BTC, it always ends badly but the good news is once we bottom out a few months from now that sets the stage for the push to $50,000. The crux of the problem right now is there isn't enough money out there, not by a long shot, to cash out all the holders who want to realize a $100B market capitalization. I'm guessing $5B of new money, tops, pushed BTC from $1000 to $20000 - since that's just a price quotation based on balance between buyers and sellers, and can easily be manipulated, but when people actually try to sell their gains for fiat that's where the rubber hits the road and no buyers show up willing to put in $100B to cash them out. Where we're at now -- freefalling.

agree) 1520 is also my target level of buying!

BingoDog

hero member

Activity: 658

Merit: 505

I don't expect the price to be as low as 4700$. Still, no matter the price don't panic and don't sell. This is the dump that has to happen but like every time in the past bitcoin will survive this period, look at this as a normal volatility process. Soon the price will be on the track again.

MostafaGamal

sr. member

Activity: 1153

Merit: 252

I think support level 7500 - 6500 will be able to stop the descent, with good news Bitcoin will rise again, I hope that

francedeni

full member

Activity: 560

Merit: 100

I voted on 4700 level when you see the trend now it is very on rough to fall down. It is very sad that we experience this but you know in the market we can expect any amount of price since this is very fluctuating.

tigan_gangmei

member

Activity: 73

Merit: 11

Keep calm and HODL.

Vazil

jr. member

Activity: 112

Merit: 6

Quote from: Dapper on February 02, 2018, 07:58:08 AM

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

Fileiro

member

Activity: 134

Merit: 10

quarkchain.io

I voted 4700 because the 20 month exponential moving average sits at 4963,71 today.

fenican

hero member

Activity: 1395

Merit: 505

I suspect it will trace all the way to about $1500. When bubbles form in BTC, it always ends badly but the good news is once we bottom out a few months from now that sets the stage for the push to $50,000. The crux of the problem right now is there isn't enough money out there, not by a long shot, to cash out all the holders who want to realize a $100B market capitalization. I'm guessing $5B of new money, tops, pushed BTC from $1000 to $20000 - since that's just a price quotation based on balance between buyers and sellers, and can easily be manipulated, but when people actually try to sell their gains for fiat that's where the rubber hits the road and no buyers show up willing to put in $100B to cash them out. Where we're at now -- freefalling.

fraenky

member

Activity: 280

Merit: 21

ELYSIAN | Pre-TGE 5.21.2018 | TGE 6.04.2018

Whatever, i dont want to buy new bitcoins so i dont care how deep bitcoin will fall now, better start a poll about when we will see a new all time high Grin

Dapper

sr. member

Activity: 560

Merit: 260

Both are just random numbers.

Sammylezzy

newbie

Activity: 35

Merit: 0

Bitcoin is really falling down and the price is not interesting at all you can only by at this rate not advisable to sell for now

Vazil

jr. member

Activity: 112

Merit: 6

Quote from: Jashhh on February 02, 2018, 07:23:26 AM

You're taking a huge loss when selling. You should sell when price is high.

We see now how opened (long) positions on futures and positions of marginal traders are closing due to margin calls))

Topic: bitcoin is going down - it will stop at 7600 BTC/USD or 4700 level. Vote! - page 2. (Read 576 times)