Topic: Bitcoin rise is over - page 5. (Read 1946 times)

Of course, its just normal to see bitcoin's price going down or sometimes in a roller coast movement. But you can still enjoy the best of them. If you are seeing that the price is going down, then you might as well grab that opportunity to steal some coins while its cheap. Those dumpsters are not all weak hands, well yes most of them. But there are really investors who usually dumps huge amount to take their profit. And when the price is low, they will try to buy it back at a cheap price. Weaker hands has no room in trading because whalers will do anything to manipulate the price in their favor. So the best choice is not to panic and do not push that sell button otherwise you will regret your decision on the next couple of days. So the price rise and price going down is normal and you will see it occasionally.

It's very possible that you are correct. I've been saying that I think we may be in a trading range from maybe $3500 to $4500 and the price could just fluctuate in that range for a while.

It's also possible that there is a more significant correction coming that will bring the price down below $3000. It's hard to say what will happen but I agree that it's likely that we won't see new highs for a while. Bitcoin had a huge increase in a short period of time and was in a bubble. We just don't know how big of a bubble it was.

Yeah it's a normal scenario of bitcoin's price to see its price drop, because those long term holders grabbed the very short opportunities of the price increase and they're the dumpers of the market. They were often called weak hands as other old traders impressions for them. The rise isn't over yet and as I saw lately btc price was still gaining good track in the market and demands rises everyday even if dumping also happened as always.

no amount of TA can predict bitcoin at this point, which means your chart is completely meaningless.

everything will depend on the upcoming fork and how the community reacts to it. pretty soon we will see an increased amount of "interest" in the fork coming from a lot of "brand new accounts" like always 90% of them are fake and spreading FUD. depending on how things go the price can get pretty wild. it may drop but it won't be because your "chart" said so. it will be because people may panic once again because of FUD.

Nope, we never know about that but I think the price of bitcoin will not go under $4,000 in this month and i'm pretty sure the price can reach $4,500 soon. The thing is the price of bitcoin can easily distracted by any bad news and when it happen, the price can easily fall like the last time happened.

I doubht it, bitcoin price is highly driven by latest news and development, and btc has just been started to be adopted by mainstream media, i think it will pump to 5000 to 6000 befotw month end! Thats my cent.

The bubble will be corrected eventually, but i don't think it is going to be now. Just because bitcoin is down 2-3% today doesn't mean that the bull run is over. I actually think it is likely the bull run will last until at least the end of the year, and if it is strong enough perhaps even make it into next year.

This is just a short term correction, not the start of the collapse of btc price, at least in my opinion.

It should still be able to go up quite a lot, set a new all time high even.

It could be possible that the bull run is over and that we were just in a bull trap, but i don't think it is very likely.

It's just a temporary pullback right now

I would say that price will at least go up to $5000 and break that level before the bubble pops, even though i agree we are likely to be in a bubble right now. The buyers are still keen on buying into bitcoin, at least for now.

go to pages 20 or so of the speculation board and try to find the time when bitcoin price reached $1000+ this year. you will surely see the same topics, same pictures, same people seeing the "similarity" in price of that time and price of 2013.
i wouldn't be surprised if you were one of them too.

Supporters and newcomers are still approaching and I seen a big possibilities that the value will keep on increasing, its just a matter how willingly you are to take the risk and make your move in a situation where you can possibly seen corrections but one thing still I'm holding on, bitcoin value will continue to gain popularity and value will keep mooning.

It seems the basis is off. First, the correction happened already when the price is about to reach the 5000 dollar mark and now the price is just 4300+ USD. It is almost 700 dollar away from 5000 dollar mark so having a correction "that big" is absurd. Bitcoin will still increase in the following months so it is not justifiable to say that the increase is over. Though we will encounter several downtrend but still Bitcoin will go up eventually.

Chart and history could be a reference to trade but it won't be accurate 100% crypto currencies is decentralized so all of the up and down is based on the market, if more and more people keep on using and investing we will see another rising and there won't be any bubble, for now maybe the rising is over but in few days the price will go up again, the Bitcoin enthusiastic is very high

I've seen countless threads saying that Bitcoin is a bubble but here we are, experiencing more and more growth over the years. People have been saying this for year and look at the people who didn't believe in bitcoin a few years back - they deeply regret it to this day. It's not surprising to see that bitcoin will experience a price drop and its just normal for it to go down. I don't think that the price will stop increasing because of this.

in fact the situation is totally changed here. i think we should not compare 2013 to 2017, At that time the number of bitcoin users were limited and the investors were not so much mature, At that time people were doubtful about investment in bitcoin. but in present time people are more confident and even if the price of bitcoin is dropping they are not welling to sell their bitcoin and are giving good support to bitcoin price and that is the reason that for last few months we do not experienced such a big panic selling in the market, and hope that the investors will continue giving support to bitcoin and therefore its price will continue increasing.

If yoi compared the price in 2013 and 2017 its totally big difference and I hopr it will increase more. So if you have bitcoin its better if you hold your bitcoin and for sure you will arn a lot of profit in the future. I think also this is the right time to buy bitcoin and hold it for few months because i believe bitcoin price before end of this year 2017 become double. But It depends always on the demand on the market.

Op used 2013 chart of bitcoin price and predicted about bitcoin price in October 2017,  
yes, we could use previous charts to predict price movement due to some events may repeated, but the correction has been done last month after bitcoin reached the new ATH at $5000. Current market situation is; full of speculation about bitcoin price recover to ATH and Bitcoin GOLD (BTG) hardfork by the end of this month, if the devs team of BTG decide to distribute it for free, people are likely to buy more bitcoin in order to get more air drop, but if they decide to sell it through an ICO, then nothing to say.

Jamie Dimon, Crypto Dick Rowe says it’s air. Dead.

At the same time, Goldman Sachs says it may launch a trading desk, Japan legalized Bitcoin exchanges last week and the head of the IMF stated that “cryptocurrancies are the future, really”.

IMHO, taking the above into account, seems like it will continue upwards for a while before it tops out.

The problem here does not lie with scams but lies with the BIPs creating a huge decreases in the bitcoin price, still knowing bitcoin, it will really jump back to another ATH after the fork. After the fork, we will be seeing a lot of post like bitcoin price to the moon, etc. Be prepared this thread will be long forgotten if that happens.

bitcoin is still going to rise and will break its own record, we should always keep ourselves well informed in the current events regarding bitcoin. i agree with one of of the posts below, that sometimes, we tend to over analyze and see things that there seems o be a problem, we must first understand that bitcoin is a very volatile investment, meaning it can go much higher than we expected and lower than the support, bitcoin will still rise due to the fact that a lot of countries now are supporting cryptocurrencies, there might be an altcoin to be produced by a lot of countries and bitcoin will still remain the standard of it all, if you check on your history, this is what had happened to the us dollar, when it became the petrodollar, it became the basis for foreign exchanges because for a long time, the us dollar has a strong buying power, and now if we compare it with bitcoin, bitcoin's buying power is still growing and soon it will break its own record. i think the correction already did happened, after the china crisis, now that it is over, bitcoin will still continue to rise and another correction might take place, however it may take months or years from now, since the acceptance of bitcoins is now spreading, we could also not predict what will be the outcome since, the nature of bitcoin is highly volatile, as for now what we could do is wait after the fork, and then we can study it further, since we cannot rely on the history of bitcoin going down, because it is always just for a short period of time.

Nope, i dont think it is going to make a correction, maybe your analysis on the charts are predicting that, but you must know that a lot of people are investing in bitcoin, and its marketcap is growing everyday, we can not compare bitcoin at the moment with bitcoin in 2013, because the markets growth more than 3000% in four years, so it is so much different than before.