Bitcoin now below $10,000 - page 21.

rizkyhiw

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Quote from: Webberson on February 01, 2018, 07:56:34 AM

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

Well, there is a possibility that bitcoin is in the range of $9000.
If this happens I think the time of purchase has arrived. But for now it is still a good moment to buy. Early annoying year, but this is normal so there will be new investors who invest their money in bitcoin.
And they will hold it for a while, so that price will skyrocket as more market demand.

Patrice_89

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Ok cool, because im only able to buy bitcoin with my fiat i did that. I think and also hope that it reaches 10k and upward again soon because then i can sell and get some ethereum in order to participate with new Ico pre-sales. Hope it works out!

pratik009

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Today bitcoin price is near about the $8k and i think it will go more deep into somedays.so if you want to buy then i recommend you to wait for 2-3 days And if you have btc then hold it tighly and not sell in loss beacause btc price will soon go high so don't worry.Bitcoin has high resistance nearabout the $9k so if it will break this high resistance then it will definitely go towards the $12k-13k.
So let's see what happens ahead.

richardsNY

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Quote from: shulio on February 01, 2018, 03:17:28 PM

It will be okay as long as bitcoin price is higher than 8000 dollars. If price falls below 8000 dollars, the price will fall more and we will be in another 1 - 2 year bear season.

Nothing seems to be a base support level anymore, so if it falls below $8k, it might as well just be a brief visit. The thing with this market is that people keep looking at charts and technical analysis, but it has time on time again turned out to be a worthless indicator. Nothing will tell you what will happen and where the next bottom is with panic going through the market -- people can guess as much as they want based on their analysis, but it doesn't lead to anything. On top of that, the market is just correcting after having reached an all time high of nearly $20k, so let the market settle where it settles -- with or without our predictions, we have ZERO influence on this.

Patrice_89

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Quote from: swogerino on February 01, 2018, 05:13:31 PM

Quote from: serjent05 on February 01, 2018, 05:02:44 PM

Quote from: Patrice_89 on February 01, 2018, 04:05:56 PM

Wow the price is looking scary right now.. I still bought in , I hope the dip is over soon! I think it has to do with the future contracts expiring and overall downtrend, but hope for better things in february

You have not seen the worst in Bitcoin, though I can say it is a smart move to buy bitcoin during its dip, because it is where we can get the higher profit when Bitcoin price goes up. If only I have extra money, I would buy Bitcoin too but alas, i already invested them on some altcoin. Anyway, just don't panic, as I read, this kind of dip is normal every year and yes I observed the chart, mostly coins decline during janauary but what is exciting is that boost in price after the dip (accumulation of whales).

That is the perfect time to sell your bitcoin if you have bought them in the dip to make a good profit on trading. When whales are accumulating you should sell your bitcoin and then wait for another dip in order to buy more bitcoin. This strategy has proved to be successful so far with bitcoin because it is a known game, the whale game that they sell a lot causing a big downside to the price and then buying it again when price is down. They make profit consistently and we should follow their example and try to do the same with our balance.

It looks like its going back up to 10000 now so Im happy I bought in, but you are saying I should sell and buy the dip again? I think im going to wait till 10000 to sell..

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Quote from: serjent05 on February 01, 2018, 05:02:44 PM

Quote from: Patrice_89 on February 01, 2018, 04:05:56 PM

Wow the price is looking scary right now.. I still bought in , I hope the dip is over soon! I think it has to do with the future contracts expiring and overall downtrend, but hope for better things in february

You have not seen the worst in Bitcoin, though I can say it is a smart move to buy bitcoin during its dip, because it is where we can get the higher profit when Bitcoin price goes up. If only I have extra money, I would buy Bitcoin too but alas, i already invested them on some altcoin. Anyway, just don't panic, as I read, this kind of dip is normal every year and yes I observed the chart, mostly coins decline during janauary but what is exciting is that boost in price after the dip (accumulation of whales).

That is the perfect time to sell your bitcoin if you have bought them in the dip to make a good profit on trading. When whales are accumulating you should sell your bitcoin and then wait for another dip in order to buy more bitcoin. This strategy has proved to be successful so far with bitcoin because it is a known game, the whale game that they sell a lot causing a big downside to the price and then buying it again when price is down. They make profit consistently and we should follow their example and try to do the same with our balance.

serjent05

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Quote from: Patrice_89 on February 01, 2018, 04:05:56 PM

Wow the price is looking scary right now.. I still bought in , I hope the dip is over soon! I think it has to do with the future contracts expiring and overall downtrend, but hope for better things in february

You have not seen the worst in Bitcoin, though I can say it is a smart move to buy bitcoin during its dip, because it is where we can get the higher profit when Bitcoin price goes up. If only I have extra money, I would buy Bitcoin too but alas, i already invested them on some altcoin. Anyway, just don't panic, as I read, this kind of dip is normal every year and yes I observed the chart, mostly coins decline during janauary but what is exciting is that boost in price after the dip (accumulation of whales).

Patrice_89

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Wow the price is looking scary right now.. I still bought in , I hope the dip is over soon! I think it has to do with the future contracts expiring and overall downtrend, but hope for better things in february

brainape

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Quote from: shulio on February 01, 2018, 03:17:28 PM

It will be okay as long as bitcoin price is higher than 8000 dollars. If price falls below 8000 dollars, the price will fall more and we will be in another 1 - 2 year bear season.

Bitcoin price even crossed 9000$ and still continue decreasing its value I think that this decreasing price of bitcoin will continue for some time but I think that after some time bitcoin price will recover its position and hope that its price will then trading above 27000$. Hope that bitcoin price will never trade below 10000$.

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We are in a revolution against the waning power of governments and bankers. Their only weapon is sowing fear. If you give into that fear, then it impedes and delays our inevitable victory. Cryptocurrencies are not crashing. They are bending against the impotent wind of the past.

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Quote from: Webberson on February 01, 2018, 07:56:34 AM

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

We should really expect these kind of things regarding on this market and price declines would really happen anytime. Even those technical analysis and predictions of experts wont really be reliable anytime on this very volatile market. It might even go even more lower on what we didnt expect or it might bounce up again and reach new ATH. We dont really know on what would happen next and as an investor we should really know on how to deal ourselves on these kind of situations.

shulio

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It will be okay as long as bitcoin price is higher than 8000 dollars. If price falls below 8000 dollars, the price will fall more and we will be in another 1 - 2 year bear season.

sofi@

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Quote from: Webberson on February 01, 2018, 07:56:34 AM

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

Many suggests that it is a perfect time to buy and invest but does this people really do that? I've been holding my bitcoin for quite sometime now and it really makes me wonder if buying and holding is still a good decision after seeing this continuous drops in bitcoin price though I might keep holding them hoping for the value to pump again but I think additional investment is quite risky for now, maybe I would just stick on my current holding but will not take a risk to buy more for investment.

hirokazu

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Quote from: greenclub09 on February 01, 2018, 12:55:52 PM

Quote from: Webberson on February 01, 2018, 07:56:34 AM

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

i believe bitcoin will keep dropping more in the next few days, there are many big whales agreed with the opinion that the price will be very much lower than now, so this is the time for us to buy bitcoin now, you don't have to wait until it gets too low, if you can buy bitcoin as low. as possible then the higher percentage you may have profit in the future.

If it will keep dropping, better have to wait a few more days to buy it in more cheap price. I just would prompt to be more careful, because buying it in hurry will only make you lose. If more cheaper we get, will earn easy profit.

iv4n

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Quote from: ngavanngo22 on February 01, 2018, 02:14:36 PM

Quote from: Webberson on February 01, 2018, 07:56:34 AM

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

There are a lot of questions now with Bitcoin falling below $ 10,000. I find it quite reasonable that the cryptocurrencies market is experiencing a lot of difficulties at the moment, as many governments have banned Bitcoin and the USDT risk of being wiped out of the market. The thing to do now is to be calm and wait for the exchange rate of Bitcoin to rise again in March.

Questions asked by people who wish to earn fast money, and now when bitcoin price is falling down they are in panic. I was here when price was 200 dollars, and where price is now? What you think how far can price go? Can price go up all the time? Can it, is that normal that price today is 10k tomorrow 20k, then you buy price go to 50k, we can cash out and be happy with our profit? Is that normal? Of course not, we need to be patient and its normal for price to go up and down, get use to it, and don't panic, that will bring only some new problems.

BitcoinNational

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Quote from: zhekinsp on February 01, 2018, 09:21:55 AM

Quote from: Flexystar on February 01, 2018, 09:10:04 AM

Quote from: Webberson on February 01, 2018, 07:56:34 AM

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

This is after effect of the Indian government announcement that they are going to ban the crypto currency but at the same time they also announced that they will support the Blockchain Technology! That is why the prices are holding up at this rate otherwise they could have gone far below the market rate.

There is no need to panic about this as Finance minister Arun Jaitley of India released the official budget 2018 doc today and initial the negative news was spreader like fire in the India causing the panic sell whitin short period. But it looks like people cam to know that Indian government will take step forward to learn the blockchain tech and it’s applcation. So it could be good news after few days.

Is it India banned crypto currency? If it is true post with the links too.

I read that the finance minister said that bitcoin has no legal tender in their country which means it is not illegal yet so we should wait for the official announcement from that government.

Here you have a link if you want : https://qz.com/1195316/budget-2018-busts-bitcoin-arun-jaitley-has-just-killed-indias-cryptocurrency-party/
The finance minister didn't ban Bitcoin yet but he seems not really enthusiast about bitcoin.

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Quote from: Webberson on February 01, 2018, 07:56:34 AM

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

There are a lot of questions now with Bitcoin falling below $ 10,000. I find it quite reasonable that the cryptocurrencies market is experiencing a lot of difficulties at the moment, as many governments have banned Bitcoin and the USDT risk of being wiped out of the market. The thing to do now is to be calm and wait for the exchange rate of Bitcoin to rise again in March.

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Quote from: Webberson on February 01, 2018, 07:56:34 AM

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

We have nothing to do with it but to watch.

So for now, just ride the trend and take advantage on it by buying more as long as you understand the risks. If you set your bitcoin goals for long term purposes then stick with the positive thoughts and remember that the current price is just a dream price in the past.

Still HODL? It's really up to anyone as we have different perspectives and views while bitcoin price is on bloodbath phase.

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Quote from: Webberson on February 01, 2018, 07:56:34 AM

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

At this moment, i wouldn't be surprised at all when it goes below $8K before the the end of the week because its freefall is definitely amazing and i can't figure out the reason why it is going down so much.

kodtycoon

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Yes droped I think it will fall further than the public estimates, maybe to the price of 7500$ actually I see this situation is profitable from the corner of my glasses. I will make a sale at the current price and take it back later after the market drops to 8K below, this is not a suggestion not to follow cause there must be a risk if estimates miss.

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