Bitcoin price resilience | Bitcointalksearch.org

wuvdoll

legendary

Activity: 1442

Merit: 1025

Quote from: bombie1 on July 28, 2018, 09:19:44 AM

Following the rejection of BTC/ETFs this week,bitcoin price fell by $400 which sent the price a little below $8000 .Many started the normal panic thing,today,I woke up only to discover that BTC has strongly hit 8.2k .This made my day as the price is telling us that BTC has greater potentials than what the SEC is thinking. I know one day the ETFs will be a reality.Sooner than we expect.Long live BTC and crypto.

Bitcoin was down to its last bits. I am seeing the chances of, from here on people would buy as much as possible, if whales push really hard they can make it go down even further but after certain amounts its harder for them to drop, dropping from $12k to $10k is still $2k but its harder than dropping from $6k to $4k. There is a lot more resilience here than there.

Hence if you really wanna drop the price for your "short futures", you would need to have a ton of bitcoins to sell in order to drop the price and you will face with millions of people who are trying to gather your low price when you are trying to do that. Its really risky for even whales.

nl247

full member

Activity: 518

Merit: 145

You think SEC does not know the potential that lies in Bitcoin? Sure, there is no doubt that such an approval would mean a lot for the quick growth of Bitcoin and possible adoption, but still does not mean without it, Bitcoin will halt in progress.

We all know how the market has been resilient despite all forces and blows dealt it over the years and as true believers in the new system of payment that sees the real value keeps increasing and the currency aspect of it starts becoming more glaringly useful, the more resilient it becomes.

creeps

full member

Activity: 742

Merit: 144

Quote from: hahay on August 01, 2018, 08:43:26 AM

The resilience of bitcoin prices at high or low values will not last for long, as fluctuations are already characterized. So with the fall of the price after the increase I feel reasonable, because there will be an increase again after dipped.

Every time we hit the bottom expect the price to rise easily. People react of every negative news, and they even sold at a loss so maybe after this drama in the market we will start heading to go up again.

Quote from: ce7mee on August 01, 2018, 04:49:21 AM

Short-term investors are getting out from the market by their panic sales. I think bitcoin will be recovered in a short time. So it will be great for long term investors.

Let them go, because weak hands has no place here in this market. They will just continue to do the same until they loss all their money.

yndye

sr. member

Activity: 616

Merit: 262

Quote from: shampapk1988 on August 19, 2018, 06:58:55 AM

That's the thing, the SEC rejection didn't really hit me much, because even if they don't approve it, the potential of Bitcoin is still there. Even if they don't approve Bitcoin, Bitcoin is going to grow more and have a huge number of people appreciate its existense and yes, that too, without SEC getting involved.

An ETF would be a big push to the price but if it will be rejected then there is already a demand to the coins as what you said that's why even if the price falls down a lot of times, it would just go up because there are always people who are willing to buy the coin. It's technology mey be old or as what they say, it is the first generation coin that's why other coins would replace it in the future but since it is the most famous of them all, it is still the most in demand and besides that, it is still use for its actual use case which is being a payment option.

krauzzer02

full member

Activity: 378

Merit: 101

Quote from: Walter edmond on August 01, 2018, 02:19:10 AM

I think bitcoin will be back on the track soon. Only price drops is not enough to stop bitcoin. Those who invested for long term are holding their coins for the better times.

It is only a matter of time for bitcoin to make a bull run again this year but the ETF hype seems to cease all because of its rejections, we are going to see on its future run what would be the final decision for Bitcoin ETF, tbh bitcoin achieved its great prices without the help of ETF and it's not going to affect that much to the main bitcoin later on if that request approved by the SEC, there would be some benefits but not as much as it can get to the ATH.

shampapk1988

newbie

Activity: 210

Merit: 0

That's the thing, the SEC rejection didn't really hit me much, because even if they don't approve it, the potential of Bitcoin is still there. Even if they don't approve Bitcoin, Bitcoin is going to grow more and have a huge number of people appreciate its existense and yes, that too, without SEC getting involved.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Quote from: bombie1 on July 28, 2018, 09:19:44 AM

Following the rejection of BTC/ETFs this week,bitcoin price fell by $400 which sent the price a little below $8000 .Many started the normal panic thing,today,I woke up only to discover that BTC has strongly hit 8.2k .This made my day as the price is telling us that BTC has greater potentials than what the SEC is thinking. I know one day the ETFs will be a reality.Sooner than we expect.Long live BTC and crypto.

It was going incredibly well and stayed up for too long.
I was honestly starting to believe that bitcoin will have a new rush of people getting in and altcoins will increase following and we would have a great bull run just because bitcoin prices stayed up for so long than one morning I wake up and BAM ! In the past bitcoin has ignored many such big factors and stayed strong and claimed up new peaks on its own.

I think its insane that bitcoin prices keeps plummeting one after the other whenever we get a bull run, not sure why this keeps happening almost all the time, people were bullish on the price as well and everyone was like me expecting good things to really happen on bitcoin but I suppose some rich people did not want that at all.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: bombie1 on July 28, 2018, 09:19:44 AM

Following the rejection of BTC/ETFs this week,bitcoin price fell by $400 which sent the price a little below $8000 .Many started the normal panic thing,today,I woke up only to discover that BTC has strongly hit 8.2k .This made my day as the price is telling us that BTC has greater potentials than what the SEC is thinking. I know one day the ETFs will be a reality.Sooner than we expect.Long live BTC and crypto.

And now the price went down, I know that it was refreshing to see some good news and to see the price going up, but we cannot get excited for every single movement in the price of bitcoin, to me this is bitcoin moving as usual and while I also think that sooner or later the SEC will approve a bitcoin ETF that does not means that it is going to happen as soon as people think.

Rahar02

hero member

Activity: 910

Merit: 523

Quote from: ?? on ??

People who thought BTC rising was because of ETF proposal were definitely wrong. BTC has been showing a stable recovery growth for the past 2 months if you follow regularly and it had nothing to do with ETF. ETF approval might help BTC to skyrocket again but the current price is surely caused by the increasing demand and decreasing supply of BTC in the market.

Bitcoin ETF definitely affects the price for the past 2 months as the market reacts to such acceptance if ETF approved then the influx of millions capital into the market overnight cannot be considered trivial. Bitcoin price also briefly dropped below $8,000 ($7569 now) after the news of SEC rejected an ETF application by Cameron and Tyler Winklevoss again. However, there are a bunch of ETF applications to be considered and SEC can't avoid all of those files.

hahay

legendary

Activity: 3486

Merit: 1055

Leading Crypto Sports Betting & Casino Platform

The resilience of bitcoin prices at high or low values will not last for long, as fluctuations are already characterized. So with the fall of the price after the increase I feel reasonable, because there will be an increase again after dipped.

CrazeCoinz

member

Activity: 364

Merit: 10

Quote from: bombie1 on July 28, 2018, 09:19:44 AM

Following the rejection of BTC/ETFs this week,bitcoin price fell by $400 which sent the price a little below $8000 .Many started the normal panic thing,today,I woke up only to discover that BTC has strongly hit 8.2k .This made my day as the price is telling us that BTC has greater potentials than what the SEC is thinking. I know one day the ETFs will be a reality.Sooner than we expect.Long live BTC and crypto.

Yeah that's what I'm thinking...a strong buy support will come soon and we just need to be patient to wait. Whatever the market condition if it fall we should not be panic as we believe in bitcoin technology that can overcome any market difficulties.

weblouartisan

full member

Activity: 448

Merit: 100

Lets Go Adab

Quote from: bombie1 on July 28, 2018, 09:19:44 AM

Following the rejection of BTC/ETFs this week,bitcoin price fell by $400 which sent the price a little below $8000 .Many started the normal panic thing,today,I woke up only to discover that BTC has strongly hit 8.2k .This made my day as the price is telling us that BTC has greater potentials than what the SEC is thinking. I know one day the ETFs will be a reality.Sooner than we expect.Long live BTC and crypto.

Most of the people is actually panicking every time there is a negative news about bitcoins and that is the reason why the price of all the coins in the market is decreasing as well.

ce7mee

newbie

Activity: 53

Merit: 0

Short-term investors are getting out from the market by their panic sales. I think bitcoin will be recovered in a short time. So it will be great for long term investors.

Walter edmond

newbie

Activity: 59

Merit: 0

I think bitcoin will be back on the track soon. Only price drops is not enough to stop bitcoin. Those who invested for long term are holding their coins for the better times.

bonballi

newbie

Activity: 238

Merit: 0

Bitcoin is the highest demand and trust in the market. Though Bitcoin is a bit lower, I think it will be reclaimed very quickly. There is no doubt that more than 8 thousand will rise. Because Bitcoin is the most trusted and secure in the crypto market so far.

bct9t

newbie

Activity: 280

Merit: 0

I think Bitcoin is currently the most secure and potential. Its price will fall slightly but it will also exceed 8 thousand soon. Because Bitcoin is the most sought after and used in the crypto market.

MilfordGannon

newbie

Activity: 210

Merit: 0

ETF rejection had nothing to do with BTC's recovery. BTC was constantly making recovery at the same pace for quite some time now. There will be more hearings of the ETF sanction in the future, this may play a vital role in BTC's price, but the rejection won't affect it till it reaches a stable state.

chnexus

newbie

Activity: 200

Merit: 0

BTC looks like it really will draw in most of the capital longer term, with futures markets, ETFs, etc, all likely. So expect more turbulence ahead as the highly leveraged traders, bots, whales, FOMO-kings and weak hands all do the dance.

CGPA

member

Activity: 120

Merit: 10

I think it's time to get Bitcoin's price boom. If we look at the figures of the last year, then we see that the price of Bitcoin has started rising since this time and reached the highest level at the end of the year.

jefrystar

newbie

Activity: 67

Merit: 0

I don't think Bitcoin needs ETC as much as many people think. The rejection of ETC may give bitcoin a hard time. But i don't think that it will be longer.

Topic: Bitcoin price resilience (Read 495 times)