Bitcoin Price Surges From $6,190 to $6,450 in Seconds, What’s Next For BTC? - page 4.

usekevin

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Quote from: HappyWhiteHuman on September 09, 2018, 06:26:11 AM

Bitcoin Price Surges From $6,190 to $6,450 in Seconds, What’s Next For BTC?
In seconds, the Bitcoin price has surged from $6,190 to $6,450, by more than 4 percent, after the dominant cryptocurrency remained in the low $6,100 region for more than 24 hours.

The sudden increase in the price of Bitcoin on September 9 was not expected by the majority of analysts and investors in the cryptocurrency market, primarily due to the sheer magnitude of its drop on September 5

Erik Voorhees Comment is Spot on
In previous market recaps, CCN consistently cited the statement of ShapeShift CEO Erik Voorhees, simply because it accurately summarizes the movement of the cryptocurrency market.

On August 25, on CNBC Crypto Trader, Voorhees said:

“I don’t expect it (bear market) to end soon, although I do think that the rate of collapse has slowed considerably. Generally in these bubbles, after you go through several months of a downtrend you hang out in a range for a while… But I think we are done with a majority of the collapse.”
https://www.ccn.com/bitcoin-price-surges-from-6190-to-6450-in-seconds-whats-next-for-btc/

It's power of Bitcoin and cryptocurrency.It was a expected one for me.The long term holders will get good profit now.As we know the price of bitcoin is fluctuating often,many experience traders will hold their Bitcoin for the right time.This is the time to sell,if the holders is satisfied with this price.They can sell now to get some profit.

CrazyHarpy

newbie

Activity: 27

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Yeah now price of bitcoin is rising. So the bullish run is going to be start. This is really great for the holder of bitcoin. We will definitely have a very good market very soon. So let’s enjoy.

rhodelmabanal

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Quote from: KonstantinosM on September 13, 2018, 11:40:17 AM

Quote from: HappyWhiteHuman on September 09, 2018, 06:26:11 AM

Bitcoin Price Surges From $6,190 to $6,450 in Seconds, What’s Next For BTC?
In seconds, the Bitcoin price has surged from $6,190 to $6,450, by more than 4 percent, after the dominant cryptocurrency remained in the low $6,100 region for more than 24 hours.

The sudden increase in the price of Bitcoin on September 9 was not expected by the majority of analysts and investors in the cryptocurrency market, primarily due to the sheer magnitude of its drop on September 5

Erik Voorhees Comment is Spot on
In previous market recaps, CCN consistently cited the statement of ShapeShift CEO Erik Voorhees, simply because it accurately summarizes the movement of the cryptocurrency market.

On August 25, on CNBC Crypto Trader, Voorhees said:

“I don’t expect it (bear market) to end soon, although I do think that the rate of collapse has slowed considerably. Generally in these bubbles, after you go through several months of a downtrend you hang out in a range for a while… But I think we are done with a majority of the collapse.”
https://www.ccn.com/bitcoin-price-surges-from-6190-to-6450-in-seconds-whats-next-for-btc/

Can you show me the point in the charts where it happened in seconds?

Anyway, just open up the charts a little and look back for 7 days and for one month.

What's happening now is good, but as of yet insignificant. We're still in short term dip territory, so buying with intent to sell within the month for a bit of profit is not a bad idea.

Alright, at least we're now having great visionary here and with respect to potential profit which we could see in the next few days to go; the challenges actually cushioned us in order to be much more observant and strong enough. We should be able to gain confidence along with the positive vibes, that we have acquired from the greatest dip history of the bearish market trend. For now think of hodling your asset and don't ever lose grip from it.

Kemarit

legendary

Activity: 3080

Merit: 1353

It only means that bitcoin break a trend of going bullish for a while. Don't get excited again, we have seen this many times in the past, bitcoin making a break out run, then bots/day trading, dumping as soon as their are clear profits to be made. Another bull trap or bull run? We will soon find it out. Alts is also gaining momentum, which means the whole crypto has somewhat recovered and ease some pressure especially on coins like ETH. Anyways, just keep on monitoring the price, maybe we can go back to $7000 before the end of the month. But just prepare for anything worst than can happen.

LaserPie

newbie

Activity: 27

Merit: 0

This is great. The market is going to stable and the price of bitcoin is rising. So very soon we will see a huge price hike of bitcoin. Maybe by the end of the year we will see a blast in the price of bitcoin.

AngryPanther

newbie

Activity: 28

Merit: 0

This is very much uncertain. There is nothing to be surprised. Price of bitcoin is always up and down. So there is nothing to think about it. Just wait and see what is going to be happened.

CrazyHarpy

newbie

Activity: 27

Merit: 0

Maybe after a long time such a big price hike. But not seeing anything special here. Eager to see the closing price this year. Now it's harder to predict BTC more than ever before.

KonstantinosM

hero member

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Quote from: HappyWhiteHuman on September 09, 2018, 06:26:11 AM

Bitcoin Price Surges From $6,190 to $6,450 in Seconds, What’s Next For BTC?
In seconds, the Bitcoin price has surged from $6,190 to $6,450, by more than 4 percent, after the dominant cryptocurrency remained in the low $6,100 region for more than 24 hours.

The sudden increase in the price of Bitcoin on September 9 was not expected by the majority of analysts and investors in the cryptocurrency market, primarily due to the sheer magnitude of its drop on September 5

Erik Voorhees Comment is Spot on
In previous market recaps, CCN consistently cited the statement of ShapeShift CEO Erik Voorhees, simply because it accurately summarizes the movement of the cryptocurrency market.

On August 25, on CNBC Crypto Trader, Voorhees said:

“I don’t expect it (bear market) to end soon, although I do think that the rate of collapse has slowed considerably. Generally in these bubbles, after you go through several months of a downtrend you hang out in a range for a while… But I think we are done with a majority of the collapse.”
https://www.ccn.com/bitcoin-price-surges-from-6190-to-6450-in-seconds-whats-next-for-btc/

Can you show me the point in the charts where it happened in seconds?

Anyway, just open up the charts a little and look back for 7 days and for one month.

What's happening now is good, but as of yet insignificant. We're still in short term dip territory, so buying with intent to sell within the month for a bit of profit is not a bad idea.

thepers0n

newbie

Activity: 224

Merit: 0

It is great that BTC is growing so fast. But we can't be sure that constant rise will happen because right now cryptos are so unstable and volatile. I hope that it is the beginning of new era

Supremacy1

jr. member

Activity: 331

Merit: 1

This is a great spread to makes more money, congrats to those that bought the low and sell the bounce

cabrakaned

member

Activity: 238

Merit: 10

These are small milestones for bitcoins. Bitcoins could show us a immense price ahead if the investors keeps on supporting them. Bitcoins always have some dump before a pump and this situation is been into consideration for now. We already saw a bearish market where all the investors sold their coins in panic. Investors are again getting back and filling their pockets now so we can expect a better future ahead.

Patriode

newbie

Activity: 43

Merit: 0

The price is floating under 6500 USD now. We can't predict that when the bearish market will end. Because it were looking like an end for many time but it weren’t. So i think we will have to wait more.

LaserPie

newbie

Activity: 27

Merit: 0

The whole market is getting confusing but i think we should keep some patience. I am hoping that the 8000 USD barrier will break by this year and the bull run will come in the beginning of 2019.

HiddenPrincess

newbie

Activity: 25

Merit: 0

I think we have to see the bear market for a long time. But it may offer more investors to join in the industry. Then there is a possibility that the bear market will end from my opinion.

alexgreen2018

newbie

Activity: 84

Merit: 0

Its still early to say that we will see any breakout from here. 3-4% upward movement is nothing. This kind of upward and downward movements have been happening in bitcoin since the beginning of the year.

CrazyHarpy

newbie

Activity: 27

Merit: 0

It is a very normal scenario. Nothing to be cherished about. It is all cryptocurrencies nature that the price will go to top from bottom in few seconds. So, everything is normal for bitcoin now I suppose.

BabyBoar

newbie

Activity: 27

Merit: 0

This is an exceptionally common procedure of bitcoin. It normally shifts from 5-6% every day. I don't think this involves concern now. In the event that it goes down over 30% then it will end up more hazardous for every one of us. Be that as it may, this is something that generally happens so we don't should be stressed over.

HiddenPrincess

newbie

Activity: 25

Merit: 0

This is a very natural process of bitcoin. It usually varies from 5-6% each day. I don't think this is a matter of concern now. If it goes down above 20% then it will become riskier for all of us. But this is something that usually happens so we don't need to be worried about.

ranman09

full member

Activity: 756

Merit: 112

The next thing is stable prices and more adoption! I feel O.P. is a stock trader for he considers 5% as a surge in price. Bitcoin is volatile it can increase and decrease 5% at a single commercial break.

BlackFly

newbie

Activity: 41

Merit: 0

We experienced share markets previously. Though BTC doesn't work perfectly in that way but this price surge looks like BTC is gaining it's value as days are passing. On the other hand, countries are being interested in this sector. So, in the near future, BTC might be the best deal yo be dealt.

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