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Topic: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back? - page 3. (Read 942 times)

maydna
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 26, 2020, 01:46:01 AM
#37
Quote from: semobo on June 25, 2020, 08:17:20 PM
The trend keep shifting in the same price region for too long that is why I said even a little more drop from the region could be resulted into a panic selling wave.Fortunately we haven't seen such kind of market movements yet.

If the price is down below $9k, then the panic selling will happen because many people don't expect to see the decrease. But if the price can stop from falling below $9k, and it is back to the higher price for a while, then they will not sell their bitcoin, but they will wait for a while so if the price can still increase to the higher price, they will sell it to make a profit.

And now, we see that the price can be back to the $9,200 level, so the chance to see the price still increase will wide open. But still, be careful with any possibility that can happen later because we don't know where bitcoin price will move after this. Hopefully, the price can break $9,300 and stay at that price until the next week, so the next week will be a good time to start a rally to break $9,500.
Kemarit
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 25, 2020, 09:35:55 PM
#36
Quote from: babygun on June 25, 2020, 12:13:27 PM
Quote from: semobo on June 24, 2020, 10:55:00 PM
It seems like we are heading towards more down with the 24 hours price trend on the crypto market.I feel this is really bad thing to happen now because it might trigger another panic selling attack towards cryptos.


These small drops and even a slight downward trend will not trigger another panic selling attack. We might see one in the near future, if we get another massive crash on the stock market.


Of course, this kind of price fluctuations is a bit normal in this current market situations. And I doubt that we need to panic on every small drops, LOL And as long as we are above $9000, there will be no sudden liquidation. Again to see if there will be some cashing out, five digits should be reach.

It is interesting to see how stock market goes though, because recently it seems that we have a strong correlation with it. We also have to see if this will have a negative effect in the next 24 hours:

https://www.europeworldnews.com/bitcoin-options-worth-930-million-will-expire-next-friday-is-there-time-to-worry/
Twinkledoe
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 25, 2020, 08:32:28 PM
#35
Quote from: Oceat on June 25, 2020, 12:29:24 PM
Quote from: babygun on June 25, 2020, 12:13:27 PM
Quote from: semobo on June 24, 2020, 10:55:00 PM
It seems like we are heading towards more down with the 24 hours price trend on the crypto market.I feel this is really bad thing to happen now because it might trigger another panic selling attack towards cryptos.


These small drops and even a slight downward trend will not trigger another panic selling attack. We might see one in the near future, if we get another massive crash on the stock market.

So far it manage to hold at $9k level and the price is just bouncing back at the same price as it is in its previous price last week. So there's no need to worry about this it won't trigger a panic selling but if we are going to see a simultaneous drop from the market, then expect a massive panic selling that would eventually make the price go deeper.

Interesting what would the market's sentiment be in the next couple of weeks? But we are already fortunate that it's been long that it sustained the 9k level. 10k level is very much possible maybe before the end of this year. Those who will panic sell will regret as bitcoin's price is deemed to increase in the very near future. But all up to the user as it is their funds at stake here.
semobo
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 25, 2020, 08:17:20 PM
#34
Quote from: babygun on June 25, 2020, 12:13:27 PM
Quote from: semobo on June 24, 2020, 10:55:00 PM
It seems like we are heading towards more down with the 24 hours price trend on the crypto market.I feel this is really bad thing to happen now because it might trigger another panic selling attack towards cryptos.


These small drops and even a slight downward trend will not trigger another panic selling attack. We might see one in the near future, if we get another massive crash on the stock market.

The trend keep shifting in the same price region for too long that is why I said even a little more drop from the region could be resulted into a panic selling wave.Fortunately we haven't seen such kind of market movements yet.
Oceat
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 25, 2020, 12:29:24 PM
#33
Quote from: babygun on June 25, 2020, 12:13:27 PM
Quote from: semobo on June 24, 2020, 10:55:00 PM
It seems like we are heading towards more down with the 24 hours price trend on the crypto market.I feel this is really bad thing to happen now because it might trigger another panic selling attack towards cryptos.


These small drops and even a slight downward trend will not trigger another panic selling attack. We might see one in the near future, if we get another massive crash on the stock market.

So far it manage to hold at $9k level and the price is just bouncing back at the same price as it is in its previous price last week. So there's no need to worry about this it won't trigger a panic selling but if we are going to see a simultaneous drop from the market, then expect a massive panic selling that would eventually make the price go deeper.
babygun
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 25, 2020, 12:13:27 PM
#32
Quote from: semobo on June 24, 2020, 10:55:00 PM
It seems like we are heading towards more down with the 24 hours price trend on the crypto market.I feel this is really bad thing to happen now because it might trigger another panic selling attack towards cryptos.


These small drops and even a slight downward trend will not trigger another panic selling attack. We might see one in the near future, if we get another massive crash on the stock market.
semobo
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 24, 2020, 10:55:00 PM
#31
It seems like we are heading towards more down with the 24 hours price trend on the crypto market.I feel this is really bad thing to happen now because it might trigger another panic selling attack towards cryptos.
dunfida
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 23, 2020, 02:52:45 PM
#30
Quote from: shoreno on June 23, 2020, 02:32:19 AM
Quote from: Farma on June 23, 2020, 02:16:15 AM
Quote from: okala on June 21, 2020, 06:40:03 AM
Bitcoin might still go down a little before we begin to see another upward again. The market is going to do well around October to December this year and that is why we may see a repeat of what happens in 2017.
yeah, but I don't think that a decline will make it stable at $ 8k. so far, the price of bitcoin has recovered to near $ 10k. however, I think that the price of bitcoin will definitely recover to $ 10k. honestly, I am still waiting for the halving effect at this time, and I feel that it is only a matter of time until the price returns to the level of $ 10k.

why not ? recent flow of btc are pretty stable  . it can be stable at any amounts it hit right not but the chance of touching it to 10k is also easily achievable   . about the halving effect   , i cant even feel it too . halving effect havent started  yet  but thats okay as long as btc flow will be this good there is no point of panicking at the moment     .  btc ranging from 8k usd to 10k usd is now a normal scenario that we saw often , dunno why people are still going back to talk about it
Theres no such thing about normal scenario because any price level can be potentially a new range on where the market can move sideways for a matter of time
but doesnt mean that we would really stay up on there forever.Potential movements can either be dictated randomly via news or some sort.
Important thing here is that we do prepare ourselves on possible scenarios that would happen ahead.Lots of speculation floating around on which do really
make things even more confusing for some.
Stedsm
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 23, 2020, 09:33:56 AM
#29
To what I've seen, experienced and believe - Bitcoin does it like this always - "The near we expect, the far it goes." It's been following this theory since the last few months since when it has been playing see-saw with some key levels - breaking them up, coming down under again, then repeat. This is why I saw and I expect that while $10k seems nearer to be broken, BTC could rather go for a downshot and kill our expectations first before making a major correction. That's how it liquidated around $150 millions just when we saw a $500 increase in price yesterday.
btc_angela
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 23, 2020, 08:45:38 AM
#28
Quote from: okala on June 21, 2020, 06:40:03 AM
Bitcoin might still go down a little before we begin to see another upward again. The market is going to do well around October to December this year and that is why we may see a repeat of what happens in 2017.

It could be, but we are still far from October to December so there's a lot of possibilities. $8k is possible if we are going to see some negative news, fuelling the sentiments of investors to push the price to that level. However, the price seems to be stable above $9k and just trading sideways as most TA guys saw or predicted it. We might see some slow movement, unless a break out run happened. And $9k range should be the new normal price.
shoreno
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 23, 2020, 02:32:19 AM
#27
Quote from: Farma on June 23, 2020, 02:16:15 AM
Quote from: okala on June 21, 2020, 06:40:03 AM
Bitcoin might still go down a little before we begin to see another upward again. The market is going to do well around October to December this year and that is why we may see a repeat of what happens in 2017.
yeah, but I don't think that a decline will make it stable at $ 8k. so far, the price of bitcoin has recovered to near $ 10k. however, I think that the price of bitcoin will definitely recover to $ 10k. honestly, I am still waiting for the halving effect at this time, and I feel that it is only a matter of time until the price returns to the level of $ 10k.

why not ? recent flow of btc are pretty stable  . it can be stable at any amounts it hit right not but the chance of touching it to 10k is also easily achievable   . about the halving effect   , i cant even feel it too . halving effect havent started  yet  but thats okay as long as btc flow will be this good there is no point of panicking at the moment     .  btc ranging from 8k usd to 10k usd is now a normal scenario that we saw often , dunno why people are still going back to talk about it
Farma
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 23, 2020, 02:16:15 AM
#26
Quote from: okala on June 21, 2020, 06:40:03 AM
Bitcoin might still go down a little before we begin to see another upward again. The market is going to do well around October to December this year and that is why we may see a repeat of what happens in 2017.
yeah, but I don't think that a decline will make it stable at $ 8k. so far, the price of bitcoin has recovered to near $ 10k. however, I think that the price of bitcoin will definitely recover to $ 10k. honestly, I am still waiting for the halving effect at this time, and I feel that it is only a matter of time until the price returns to the level of $ 10k.
FanEagle
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 21, 2020, 01:44:21 PM
#25
Well, hopefully the volatile times would get back because of two reasons. First of all volatile times getting back could mean bitcoin going up and I have my orders at $12k to sell in order to take my profits, if it goes down under $7k once again I will buy as much as possible (more likely at $6.4k I will go all in) so I would very much like the price to hit $12k first and go under $6.5k after that in order to maximize my profit while having a ton of cash but same amount of bitcoin or just no cash but a lot more amount of bitcoin without spending any money.

But, secondly and more importantly the more bitcoin moves the more attention it gets so if bitcoin suddenly goes to $1k and then to $20k and then to $5k and then to $30k, all of that will be news and all of that will cause a ton more new people to join bitcoin revolution.
okala
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 21, 2020, 06:40:03 AM
#24
Bitcoin might still go down a little before we begin to see another upward again. The market is going to do well around October to December this year and that is why we may see a repeat of what happens in 2017.
LUCKMCFLY
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 20, 2020, 06:40:21 PM
#23
Quote from: Juggy777 on June 15, 2020, 04:57:34 AM
~Snip~


People are often guided by the news, sometimes the news has a context of forming a feeling of emotion, whether it is panic or taking advantage to buy, it all depends on how we see the market, big speculators like Jesse Livermore did not see news referring to the market in the 1800s because he said he was involved in the analysis and decisions, sometimes it is better to have your own opinion when faced with any type of news.
DoublerHunter
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 16, 2020, 03:17:59 PM
#22
^ Why all you guys worried too much about the small correction that recently happened. I have seen different TAs but all of 'em did not get an exact result after they posted. The market now showing green color and I think that is a good sign that there is resistance after the correction happens. As always, this is what I am thinking when there was a little downtrend. I am now waiting when the $10k hits again in the market.
Nevertheless, the volatile thing was always there, be prepared at all costs, and invest only what you can afford.
SquallLeonhart
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 16, 2020, 03:17:41 PM
#21
It seems it is too early to assume about high volatile times right away. I am not seeing wild fluctuations but market seems too bullish rather than anything else. After testing $9600 levels today, it seems it is too stable as of now. I guess there cannot be any chances for the prices to test $8000 levels here after as market may slowly go up and break the resistance levels around $10500 here after as we are seeing support around $8900 to $9100 hold too stronger.

At the same time, unable to hold above $10k levels makes me think about possible ran bound scenario for short term. This could be because of lack of supporting positive news. If there would have been no pandemic and no slow economic conditions on most countries then I guess bitcoin might be trading above $14k right now.
sunsilk
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 16, 2020, 01:10:48 PM
#20
Quote from: ?? on ??
Quote from: sunsilk on June 15, 2020, 12:25:30 PM
I learned from my experience that it's not good to sell whenever you see bloods. If you do that, it indicates that you're panicking. Create a plan and price you really have no problem in selling and don't sell until it goes there. And you might buy as well while going to that point of selling you have set when you see price going down.

Reviewing the price of bitcoin since March this year, we should be still happy to see if it goes $8k. Whenever bitcoin price plummets, we'll always see people claiming to be bearish and when it goes up, we'll see them vice versa.
Selling for a lower price that your bought price is really not good, it can make you lose money so don’t be like that. You can at least set your cutting loss to which is very normal for a trader but if you do play long, then don’t need to sell at all instead if there’s a more cheaper price you’ll buy more so the average cost will be lessen.

We heard a lot of predictions, it can be good or bad to us but we should still analyze the market because most of those predictions are just hyping you out and might take you out of your strategies. If there’s a good price to buy, don’t hesitate to go in.
As I'm telling, it's my experience and I'm just sharing what I have experienced before and probably this isn't just my personal experience because many investors experienced the same. Moving to the present, selling at any price depends now on our needs and satisfaction.

It's not good to be greedy at all because it can lead to further loss. With those predictions that we're hearing as long as it's maintainable and reachable like $8k or $10k - $10500, we have to keep it whichever your plan is.
crwth
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 16, 2020, 06:18:12 AM
#19
Quote from: carlfebz2 on June 15, 2020, 04:17:02 PM
Its always been like this and this is the hard part if we are witnessing a sideways movement on the market which we cant decide if it would tend to follow up TA's or would definitely break it in an instant.
This is what I would want, the side market first because of my bot, the market making bot, and it will utilize this trend and would continue to trade and make rebates.

Quote from: carlfebz2 on June 15, 2020, 04:17:02 PM
Market is very unpredictable but basing on the analysis you posted.It do really shows that upward trend.If it wont able to break up those supports then we might see 5 digit price earlier.
When I posted this it was around $9100~$9200 range and now we are in $9500 which was successfully predicted. Maybe will be up to $10000 in no time. Hopefully.

Quote from: carlfebz2 on June 15, 2020, 04:17:02 PM
For now in talks of volatility then i can say that it isnt really that much in fast few days but in last 2 days i can say that i do made up some money specially on the current price decrease.
If you are comparing it to historical movements in BTC, it's definitely not the most volatile but taking advantage of that is our goal for sure.
Lucius
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Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
June 16, 2020, 05:55:38 AM
#18
I may understand that some beginners wonder how it is possible for a price to change by $500 or $1000 in either direction in one day, but I am really surprised that some older members of this forum are only now discovering volatility of Bitcoin. The cryptocurrency market is very small if we talk about total value of Bitcoins which is now around $175 billion, with less than $100 billion in altcoins. For those who have fiat + BTC it is extremely easy to manipulate such a market, especially if bots are used on several major crypto exchanges.

Little people are just ordinary observers, whether tomorrow's price will be $8k or $10k is more or less irrelevant. Those who would sell are waiting for ATH, those who would just invest are praying for another big drop, those who want BTC at zero are praying for the second and third wave of the pandemic or the third world war...

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