What we're seeing right now is a period of stability, something virtually unprecedented when it comes to BTC, which has always been very volatile. It's due to not being overvalued, or a precursor to any coming correction, but several bits of news in recent months that have people uneasy and unsure about both it's short & long term future.
And just look at how well it's weathering this storm regardless. If it had plunged down to the 2200-2700 range and became stagnant like this, then I would worry. But instead it approached the high water mark of 5K before becoming stuck in neutral. It weathered this storm better than pretty much everyone thought it would and the infrastructure built around it only continues to expand. It basically has no other option than to continue to grow. And most of the FUD you hear is from the dinosaurs regretting that they didn't get in sooner trying their best to get the price to drop so that they can buy in and assume control. Right now it is mainly in control of the common people. This is evident by how well it's weathered these storms. Because you see, we don't scare so easily, not like the CEO's and blue chippers. And most stand firm despite such FUD and hold onto their BTC, much to their dismay.
Topic: Bitcoin rise is over - page 2. (Read 1943 times)
I don't think it is going to make a correction and it is still going to rise and reach 5000$.
If the big correction is coming soon I think it's a natural thing to close the end of the year, and at the beginning of the year it will recover soon. that's what I feel is not too worried if there is a big correction. We just need to anticipate it as well as possible.
Exactly. Corrections are going to come along the way even if we are climbing in price. There is simply no way for us to continue climbing day by day without any sort of pause in between these pumps, otherwise it would actually be unsustainable.
The correction from $4400 a few days ago down to $4100 or less a day ago was an example of that.
But now, we're up 2.5% from yesterday and i think we may be able to break $4500 by the end of the week.
I think the bitcoin will steadily grew up because I see the graph of the growth of the movement of the bitcoin that bitcoin already is at $4300 and it will likely be increasing up $4500 even more this month, but still many people that worry will be the movement of the bitcoin fearing to fall again. but I am sure this will not happen in the bitcoin
Of course there will be always price fluctuations. This is also present even in the stock trading. Others took it hard when they see that the price is going down because they fear that they might end up loosing. However, you really have to understand that the market will not stay bullish all the time. The OP though that the rise is over, however, we can seen bitcoin lately in a see-saw form. Not the one that we are expecting. But there will be a time that the market will be very bullish and once you see that, all your worries and frustrations and doubts with the market will be removed.
To say bitcoin rise is over it is not simple because it can be rise and fall every time but to fix that rise is over its not true. People are moving towards bitcoin as it demand will increases so ultimately the price will go up.
I think the bitcoin will steadily grew up because I see the graph of the growth of the movement of the bitcoin that bitcoin already is at $4300 and it will likely be increasing up $4500 even more this month, but still many people that worry will be the movement of the bitcoin fearing to fall again. but I am sure this will not happen in the bitcoin
Bitcoin started to go up again, after a 2 day slump. This is good news to the community because we may reach $4500-$5000 at the end of the month. Investors once again getting bitcoin and pouring cash in the ecosystem. I think the China news or FUD is over for now. Let's remain positive that this will be another bull run in the horizon that will push the price to new ATH.
I think the bitcoin will steadily grew up because I see the graph of the growth of the movement of the bitcoin that bitcoin already is at $4300 and it will likely be increasing up $4500 even more this month, but still many people that worry will be the movement of the bitcoin fearing to fall again. but I am sure this will not happen in the bitcoin
Might be better to start thinking about 5-10 years from now instead of staring at a 15M/1hr chart and stressing over normal fluctuations.
Easier said than done
The rise might be over, but only for a short while. Sentiment is still very bulish mid and long term. correcting to 2k area still wouldn't make the majority of holders bearish on mid and long term. It all depends on what timeframe you're looking. Might be better to start thinking about 5-10 years from now instead of staring at a 15M/1hr chart and stressing over normal fluctuations.
Well it is normal for bitcoin to increase in price, dip and rebound then settle for sometimes before going up again. This process keeps repeating again and again. So after this Bitcoin being stagnant, I think the next move will be uptrend because of the coming event for Bitcoin. Implementation of Segwit2x.
The rise might be over, but only for a short while. Sentiment is still very bulish mid and long term. correcting to 2k area still wouldn't make the majority of holders bearish on mid and long term. It all depends on what timeframe you're looking. Might be better to start thinking about 5-10 years from now instead of staring at a 15M/1hr chart and stressing over normal fluctuations.
If the big correction is coming soon I think it's a natural thing to close the end of the year, and at the beginning of the year it will recover soon. that's what I feel is not too worried if there is a big correction. We just need to anticipate it as well as possible.
I do not see any other changes other than the fork that is about to happen that will stifle the growth of bitcoin and if that is the reason you are predicting to see a big correction then i do not think that it will recover anytime soon,the fact remains that bitcoin will keep on rising how many splits it may occur because of its history and a normal user would not understand the fork coins,unless something changes dramatically i do not see any major correction like we saw in 2013. 
If the big correction is coming soon I think it's a natural thing to close the end of the year, and at the beginning of the year it will recover soon. that's what I feel is not too worried if there is a big correction. We just need to anticipate it as well as possible.
Correction of - $200 - $400 is already enough I'd guess? Don't compare it with 2013, we are different now there are so many investors now and more countries did adopted bitcoin. Bitcoin's rise will not be over and it will be going up very soon. That big correction you are talking maybe is the one that happened already last 2 weeks after China's ban and Dimon's fraud talks.
That is completely correct, 2013 is different from now. The popularity, the number of users and investors is highly important in determining the veracity and the comparability of two charts and it is a must. Therefore it only means that bitcoin price and its movement is still and will always be unpredictable than ever. This is what excites as all even the less of our worries and uncertainty. It will pumped at 5000$ at this year that is for sure.
Correction of - $200 - $400 is already enough I'd guess? Don't compare it with 2013, we are different now there are so many investors now and more countries did adopted bitcoin. Bitcoin's rise will not be over and it will be going up very soon. That big correction you are talking maybe is the one that happened already last 2 weeks after China's ban and Dimon's fraud talks.
There will always be corrections from time to time...and I think that these corrections are the cushions for Bitcoin so that there will no big bubble to happen. Right now, the market is not anymore reacting to any worthless comments from any CEO or executive from a big financial institutions...maybe it got tired of hearing useless speculations from people who are anti-Bitcoin right from the beginning. We are expecting and hoping that Russia would open up its market for Bitcoin next year.
That's right tom, correction happens from time to time. We are just noticing it after a quick increase of bitcoin's price and we keep on expecting that there will be no correction because we always want to see the price of bitcoin increase from time to time. And once the price starts to decrease that can be called a correction already just like what happened yesterday and until now we are still in a correction because the highest rate I've seen so far was $4,400.
I dont know, bitcoin dropped to $4100 last night, and it is over $4330 right now, so i think that the price is very volatile right now, and all the charts and indicators are probably saying that the price will go up soon. But i dont know, there are too many fluctuations on the price, and the charts are moving quickly, but who knows, maybe we have to wait a little bit more until we see good news.
what do you think about below chart?
I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon
I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon
Based on your chart how bellow bitcoin will fall after the correction ? I don't think bitcoin is overpriced of we are in a bubble. In my opinion bitcoin would be at 5500$ now if the chinese incident would not have happened.
but well, none of us can predict, everything can happen, so many factors that affect the price of bitcoin, making it hard to make a decision to whether the price will fall or rising.
$7000 is the next place to be before the next big correction. People aren't seeing the power of exponential growth in a disruptive technology like bitcoin, they think it's going to be a smooth ride, when it's going to be ups and downs, and we are not yet ready for a real down. Next correction is $7000 to $5000-something.
All reputable bitcoin analysts agree that we are safe from big dumps at this point, as long as we stay above $3800, the resistance points are quite hard, and we only need a short period of exposure to ATH to see an huge green candle to $6000+++
Definitely for some time it may have stopped, I have seen its market value lingering around $4100 to around $4200 lately, and seems to have settled there. I think there is a resistance line somewhere there, and psychologically people don't really want it to rise too far above that. However, I think that price barrier will be broken soon sometime after the 25th Oct hardfork of Bitcoin Gold, and it will start its bullish trend again.
Hmm Is it true? i don't think so at all that the upward movement in bitcoin prices is over. I think it will still can continue to moving high again for the next and i'm sure this is not over. Well i just try to predict, hopefully bitcoin price will really be moving to higher again soon.
Sadly the price go down everyday and its 4155$ and it could down further as we are approaching weekends already. Weekends usually we see some dumping because traders are taking the profit and will be back again in Monday. But I'm optimistic that we can see a bull run after this roller coaster ride this week.
Hmm Is it true? i don't think so at all that the upward movement in bitcoin prices is over. I think it will still can continue to moving high again for the next and i'm sure this is not over. Well i just try to predict, hopefully bitcoin price will really be moving to higher again soon.
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