bitcoin to soar again? - page 2. | Bitcointalksearch.org

STT

legendary

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Quote from: Febo on April 24, 2018, 07:08:47 AM

Quote from: 88jewel on April 23, 2018, 11:20:43 PM

The market is showing positive sign for bitcoin again. In an article published by Charlotte Davis at https://www.express.co.uk/finance/city/949891/bitcoin-price-usd-news-today-buy-dollar-cryptocurrency-latest-value-cash: BITCOIN price has seen a 27 percent increase since the start of April and one cryptocurrency expert said bitcoin is likely to continue to rally as historical data shows a continuous rise over the past eight years.

I think price of bitcoin increased from 6th April much more then just 27%. Closer to 40%. Let me check. $6600 to $9300. Yes, $2700 is almost 41% price increase. Sort of huge if we would not talk about Bitcoin.

In comparison to commodity markets a rise of 40% might occur in turn around at market bottom. The shares associated with a market can move this much because they are leveraged to profit margins of the base product.
In Bitcoin however, the supply increase normally apparently in commodity price rises does not occur. As we know the Bitcoin production is a fixed and self regulating system, this results in the price changes being quite rapid and speculation by the market quite a large part of supply and demand.

Paractor

full member

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We should be wondering what is fueling this breakout up $2400 in less than a weeks time.
Cause if it is by fud alone expect it to crash hard when all this commotion dies.

eann014

hero member

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Merit: 501

Yes, it continue to rise since I guess April 21, and until now it continue to happen, maybe they see bitcoin has a good improvement this Month so some investors coming back to bitcoin. Well, this is a good news for everybody. Cheesy

Hope to see a new ATH's this year.

Denker

legendary

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Quote from: 88jewel on April 23, 2018, 11:20:43 PM

The market is showing positive sign for bitcoin again. In an article published by Charlotte Davis at https://www.express.co.uk/finance/city/949891/bitcoin-price-usd-news-today-buy-dollar-cryptocurrency-latest-value-cash: BITCOIN price has seen a 27 percent increase since the start of April and one cryptocurrency expert said bitcoin is likely to continue to rally as historical data shows a continuous rise over the past eight years.

I don't like mainstream media articles about Bitcoin to be honest. Because most of the times these so called "experts" aren't much smarter as you or I are.
And when you can read charts, understand the basics of technical analysis, well anybody could make a reasonable prediction. That however doesn't mean it will play out that way as past performance is no indicator of future price development.
Long story short: Do your own technical, fundamental and sentiment analysis. In the long run this will always be the best for yourself.

hase0278

hero member

Activity: 882

Merit: 544

Quote from: 88jewel on April 23, 2018, 11:20:43 PM

The market is showing positive sign for bitcoin again. In an article published by Charlotte Davis at https://www.express.co.uk/finance/city/949891/bitcoin-price-usd-news-today-buy-dollar-cryptocurrency-latest-value-cash: BITCOIN price has seen a 27 percent increase since the start of April and one cryptocurrency expert said bitcoin is likely to continue to rally as historical data shows a continuous rise over the past eight years.

It is a given that bitcoin will continuously rise so long as adoption rate increases and user base continuously grows. I like how financial experts view it that way though, but I don't suggest watching their speculation(as it tends to side to where they will profit the most). From the statement in the link given by you OP, I speculate that those bastards already have got into bitcoin in the last few bearish trends that we have seen.

Febo

legendary

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Quote from: 88jewel on April 23, 2018, 11:20:43 PM

The market is showing positive sign for bitcoin again. In an article published by Charlotte Davis at https://www.express.co.uk/finance/city/949891/bitcoin-price-usd-news-today-buy-dollar-cryptocurrency-latest-value-cash: BITCOIN price has seen a 27 percent increase since the start of April and one cryptocurrency expert said bitcoin is likely to continue to rally as historical data shows a continuous rise over the past eight years.

I think price of bitcoin increased from 6th April much more then just 27%. Closer to 40%. Let me check. $6600 to $9300. Yes, $2700 is almost 41% price increase. Sort of huge if we would not talk about Bitcoin.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: 88jewel on April 23, 2018, 11:20:43 PM

The market is showing positive sign for bitcoin again. In an article published by Charlotte Davis at https://www.express.co.uk/finance/city/949891/bitcoin-price-usd-news-today-buy-dollar-cryptocurrency-latest-value-cash: BITCOIN price has seen a 27 percent increase since the start of April and one cryptocurrency expert said bitcoin is likely to continue to rally as historical data shows a continuous rise over the past eight years.

You don't need to be a rocket scientist to see that bitcoin is climbing the ladder again after a 3 month bearish trend that lead most people to believed that it is dead, let this be a lesson for everyone specially for those newbies who joined during the peak. We may experienced some downfall but it doesn't mean that we are out. Right now I'm not really surprised to see the price breaking the $9000 barrier and heading to $9500-$10000. So we are all good now I guess and the bears is out the picture because the bulls is taking over the market once again which we all have been waiting for a long time.

Tigorss

member

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indeed this week the price rebounded from a few weeks before that is very muddy and yet there is also a brightness about price increases. price bubbles occur due to speculation and dangerous.

STT

legendary

Activity: 4102

Merit: 1454

I dont think soar is the correct adjective as I would view more of the price climbing a ladder. One rung at a time, the reason being previous selling and some buyers from that time who now wish to check the price or offload back at even rather then wait any longer. Doesnt mean its strong selling, but some sellers to meet any bullish and buying into this rise. This means a climb not soar imo

On my chart each line relates to partial recovery of the previous decline leading to April low

Salatri

newbie

Activity: 15

Merit: 0

I am sure Bitcoin will bounce back if many transact using Bitcoin, if the issue of Bitcoin value drops it is reasonable because bitcoin is the digital currency. so depending on users who use Bitcoin, if many who wear yes up, if only a little yes it could be down, in addition we just stepped on the new year, it might be the cause of the Bitcoin price down.

Herbert2020

legendary

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Quote from: thecodebear on April 23, 2018, 11:49:02 PM

Well obviously it will continue to rise. The past few months was just a normal crash, nothing out of the ordinary.

everything about the drop was out of the ordinary! it was nearly a 70% crash and it is never normal to see something like that even for bitcoin! a correction is natural but the size of it matters. the drop below $10k was last straw that broke the camel's back and basically removed the buy support but only temporarily. now that buy support is coming back and with it price is rising back up to normal levels.

thecodebear

hero member

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Well obviously it will continue to rise. The past few months was just a normal crash, nothing out of the ordinary. And we got the bottom in earlier this month and now it is starting to build back up a bigger base than ever which will leading to the next bull run that will make last year look tiny in comparison. The recovery has begun.

88jewel

newbie

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Merit: 0

The market is showing positive sign for bitcoin again. In an article published by Charlotte Davis at https://www.express.co.uk/finance/city/949891/bitcoin-price-usd-news-today-buy-dollar-cryptocurrency-latest-value-cash: BITCOIN price has seen a 27 percent increase since the start of April and one cryptocurrency expert said bitcoin is likely to continue to rally as historical data shows a continuous rise over the past eight years.

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