Bitcoin now below $10,000 - page 23.

zhekinsp

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Quote from: Flexystar on February 01, 2018, 08:10:04 AM

Quote from: Webberson on February 01, 2018, 06:56:34 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.

ChickenDuck

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Quote from: Borries on February 01, 2018, 08:00:08 AM

I was hoping it wouldn't go below 10.000$ but now it did.. IMO the 10.000$ was a barrier which is now broken, making it possible to drop to 5000 - 6000$. But hey, it can be an opportunity.

Yes, drop below 9k would be dangerous for btc price and it can further drop to 6-7k.

If it can back to 10k then it should be ok.

Hannibalis

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Quote from: Borries on February 01, 2018, 08:00:08 AM

I was hoping it wouldn't go below 10.000$ but now it did.. IMO the 10.000$ was a barrier which is now broken, making it possible to drop to 5000 - 6000$. But hey, it can be an opportunity.

10.000$ barrier as broken 3 or 4 times last month. I expect the price to be between 11-12k again by tomorrow.

BitcoinHodler

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HODLing is an art, not just a word...

the shakeout of newbies is taking longer than it usually takes. and number of people who buy the dip has grown a lot but the market is still small and the whales have been growing so huge in the past years with all the panic sellers. so they can easily make money like this.

i was watching the market today and what i realized is that the price keeps coming back up with a lot of buyers but then a sudden dump happens into the risen price crashing it back down below $10k and pushes it lower. it is like 1000 people buying bitcoin then 1 person dumping it down and others follow it after at the bottom.

Flexystar

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Quote from: Webberson on February 01, 2018, 06:56:34 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.

jrrsparkles

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Quote from: Webberson on February 01, 2018, 06:56:34 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.

Holding the coins tightly because these is normal scenario at the beginning of every year,But the bitcoin price will bump at the back end of every year.So I hope this will happen this year also.Only the traders may face issues with the current price falls the long term investors no need to panic just wait fir the bump guys.

Borries

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I was hoping it wouldn't go below 10.000$ but now it did.. IMO the 10.000$ was a barrier which is now broken, making it possible to drop to 5000 - 6000$. But hey, it can be an opportunity.

travelgear17

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Quote from: Webberson on February 01, 2018, 06:56:34 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.

Definitely you are supposed to right think but my opinion is the Bitcoin price is not stable right now . It's price will be stable near around 15k- 17k $ may be in the first of March in 2018. The market valume says think so.

hisuka

sr. member

Activity: 882

Merit: 251

Bitcoin now has really drops below $10k so it is hard to sell because of losing profit. It is also hard to enter the market now because of this so much fluctuation that price will enter to fell down again. On this current situation it is good to wait for the bullish trend to have the next move.

Beerwizzard

full member

Activity: 924

Merit: 148

I will just HODL. It is a bit unstable moment to buy more BTC because if something goes wrong once again it still may get even lower, now BTC is somewhere on the border. Most of this FUD was causet by the crash of Tether. Earlier at the point of 10k I've been expecting BTC to lose about 10% and then start its recovery somewhere in march (the forecast is made based on the last big dumps) so the general situation is still fitting my expectations.

nsiman

newbie

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Perfect time to buy and hold cos it's definitely going to pump

Webberson

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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.

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