Bitcoins' pullback is over! | Bitcointalksearch.org

sumanto

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Quote from: Stedsm on February 17, 2018, 12:34:19 PM

After the craziest and the most desirous wave that took place when the value went above $20k, we experienced the most awaited and whacking collapse watching it drowning under $7k. It was worst, but had a hope that nothing could go nuts and that we'll see those days when it'll start gaining back once again after fighting the denials of Governments. I believe now is the time. It has gained back more than 50% in a few days and I'm hearing that it'll be more than $25k till mid July.
I think it's the best time to invest in Bitcoins (if you see it as a safe-haven asset and are interested in much better gains than keeping your money in banks). I won't ask you to put too much, but for an average person - I believe that $500 shouldn't be a big deal to invest as the risk-to-reward ratio here will be much higher compared to other assets available.

yes you are right when seen from the plot it seems bitcoin darkness is over starting early March it already looks bitcoin prices have started at the pump to bias up again, we just need to wait for good news again from bitcoin which can make the price rise very sharply.

andrei56

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Quote from: harizen on February 21, 2018, 11:41:43 PM

Quote from: Kemarit on February 21, 2018, 10:38:11 PM

Those noobs can be easily swayed by FUD specially those who bought at the top price during the December frenzy. They panic when everything evaporated just like that then comes the FUD schills and doomsayers which added fuel to the fire. That's why they are the victims here, potential profits is gone because they are too emotional. Then they join the doomsayer that bitcoin is dying or bitcoin will go to 0. Well, you can't blame them. They went to the market with the hope that its a get rich scheme which they learn in the hard way that its not.

That's why they are called noobs in the first place but yes we can't blame them.

Thinking bitcoin price will just stay upwards, these noobsstick to that kind of mindset without realizing that a crash or dip might happened on the way. But honestly, it was a good experienced for them to be swayed by FUD and then regret follows as in here they will realized that bitcoin price crash is not the type of scenario where they will just easily pullout their assets.

With that kind of experienced, these noobs will improved their thinking that a crash is part of the system and if they planned to hold for long term then they can conclude that they must disregard any forms of movement on the price because all they need to do is to HODL.

It was not only noobs many people thought the price will keep increasing since the 2017 year was a year were almost everything went bitcoin way so they were too comfortable seeing the price growing, the crash was a nice wake up call, nothing goes up forever not even bitcoin and if they want to make money long term they cannot buy at any moment and think they will be making profits you need in fact to take advantage of the dips and hold for a long time.

warrior333

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Quote from: BTCLovingDude on February 23, 2018, 01:28:10 AM

Quote from: Sowik on February 22, 2018, 09:32:06 AM

We could be facing another pullback at the moment. Hopefully the support will hold.

unfortunately that is not something that you could predict at this point. everything pointed towards end of the "pullback" and start of a nice solid rise but out of nowhere price started dropping again. it may continue like this through the weekend and reverse upwards on Monday.
probably some whales trying to test the bottom and buy some more cheap coins before the shoot up.

It's not surprising to me. But I got used to it. If it is fair to say that I like it. Landfill the market is scary only to those who are holding coins. But they must understand that it is impossible not to do anything and constantly earn money through rising prices. I constantly trade on the stock exchange and at such times my income increased.

STT

legendary

Activity: 4102

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Quote

Couple that with the reduced fee cost and time due to segwit and things are looking bright for BTC.

I agree, utility is improved and price is lower. Also I noted some US states will now accept Bitcoin in payment of taxes, which adds usage for stored crypto value. So long as the underlying prospects are improving then it helps add confirmation to a purely chart based view. I do look at charts mostly but it only reflects the market which can be wrong, I do look for growing interest and user population in Bitcoin and that seems apparent still.

https://cryptoslate.com/another-us-state-moves-allow-crypto-tax-payments/

dinoloverpete

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Quote from: Dodoymabs on February 27, 2018, 07:29:12 AM

Quote from: dinoloverpete on February 26, 2018, 11:43:06 AM

Quote from: pixie85 on February 25, 2018, 05:31:57 PM

Quote from: SaShiRaJaVu on February 24, 2018, 05:31:24 PM

Quote from: Hazir on February 23, 2018, 02:17:49 PM

Instead of using flat numbers like $500 etc. it would be much better if everyone invests a percentage of their income/savings.
Personally, I would without hesitation suggest putting 5%-20% of your fiat money into Bitcoin - you can't go wrong with that amount.
Even if something will go wrong - your investment is still diversified enough - so it won't be a total failure.

I used to invest some money into bitcoin every month and i used to have a good time gambling too,but once the price of bitcoin crossed $2k ,it is really a hard task on my part to use it as an investment,because the transaction charges were the biggest hurdle earlier,but things are coming back to normal and i do expect the price of bitcoin to recover,but there are other coins which gives you a higher return and i will convert that back to bitcoin in the long term. Wink

You shouldn't be worried with the transaction cost. It's really low. You can send 1 million USD worth of Bitcoins and pay a fee of only 1 USD. Bitcoin is really cheap to send, fast and secure, just like in the old days.
I think that we're in a period of stabilization while investors are deciding if it's a good moment to go in. We are going up in the following months, there's no other way!

We're in a period without hype and right now any new investors will mostly be people who are interested in Bitcoin and its potential instead of people just looking to quickly get rich. The flood of money in December was not from smart investors it was from people who thought BTC could rise indefinitely. That was also a large reason why the fees were so high, now we don't have that hype and segwit is being adopted the fees are so much more manageable.

Well, we should not be worried by now because we see that bitcoin is starting to rise again. Also, I think what you are talking about segwit will help the btc transaction time reduced. So, we should continue to support bitcoin so that we will be harvesting huge amount of profit by investing it in long term.

If you are an investor looking to hold for the long term then it's still a very good time to buy, a new bottom seems to have been found and the price is a long way below the previous ATH, it shows that there's potential for 100% returns in a relatively short time period. Couple that with the reduced fee cost and time due to segwit and things are looking bright for BTC.

marcuslong

legendary

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Quote from: jostorres on February 27, 2018, 01:09:05 AM

Quote from: harizen on February 21, 2018, 11:41:43 PM

Quote from: Kemarit on February 21, 2018, 10:38:11 PM

Those noobs can be easily swayed by FUD specially those who bought at the top price during the December frenzy. They panic when everything evaporated just like that then comes the FUD schills and doomsayers which added fuel to the fire. That's why they are the victims here, potential profits is gone because they are too emotional. Then they join the doomsayer that bitcoin is dying or bitcoin will go to 0. Well, you can't blame them. They went to the market with the hope that its a get rich scheme which they learn in the hard way that its not.

That's why they are called noobs in the first place but yes we can't blame them.

Thinking bitcoin price will just stay upwards, these noobsstick to that kind of mindset without realizing that a crash or dip might happened on the way. But honestly, it was a good experienced for them to be swayed by FUD and then regret follows as in here they will realized that bitcoin price crash is not the type of scenario where they will just easily pullout their assets.

With that kind of experienced, these noobs will improved their thinking that a crash is part of the system and if they planned to hold for long term then they can conclude that they must disregard any forms of movement on the price because all they need to do is to HODL.

That mentality of believing the market will just keep up testing new heights all the time really makes me laugh a lot and then when they buy into FOMO, they end up considering bitcoin dead or scared of whatever comes out from the media. Anyone who is not ignorant or has done some research before even investing will not even bother about any of that sort of news, but they never did.

Like you have said, over time, they will end up learning from experience and improving, which is where the market strength comes from anyway.

Normally bitcoin keeps circulating over and over again though there are times that it fluctuates because of the traders and sellers in the market. No wonder it counter-flows other coins and may affect the world in crypto currency. For example, you trade the tokens that you have and you have losses because you badly need the certain amount but if you keep it longer, it will have higher asset that you'll get when you convert in bitcoin value. That's why the pull back won't end.

STT

legendary

Activity: 4102

Merit: 1454

https://i.imgur.com/9ppvmml.png

This is the simplest chart I can post I think, it shows confirmation of an old standing uptrend. First we cross with a large bar showing strength to pass the trend as a ceiling. Then even more positive it manages to confirm the trend as support several times, with buying occuring at the trend line and rising back up.

Now we have risen much further away from that support, it would seem a decent move with some confidence of continuing. The old pullback move from ATH ended around Feb 14th and since then we've been looking to confirm as per the OP

I think its fair the charts concur, pullback is over and some positive trend is overway not just dead cat bounce as is most famous

bhnetwork

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It will oscillate around this level for a bit before slowly creeping up again....(you heard it first here)

futile-resistance

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Quote from: Idrisu on February 22, 2018, 02:07:21 AM

The dip is actually over when bitcoin recover above $10,250 trading area. We should expect a bullrun or bullish trends that will push bitcoin above $18,000 from next month. If you are a long-term investors now provides the best opportunities for you to buy bitcoins and others coins. I think this year will be better than last year and we would have a fruitful 2018.

The dip was never over with that, we were still in a downtrend channel at that point and even after hitting the top of the channel we ended up having a pull back.

However, all these are just some normal moves in the market to sway up and down, and those who know how to use it to their advantage do so, but what is the point panicking as a result of that when holding for long which is what surprises me about noobs. Also, if we can break out from this trend, then we should be fine for next bull run.

Dodoymabs

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Quote from: dinoloverpete on February 26, 2018, 11:43:06 AM

Quote from: pixie85 on February 25, 2018, 05:31:57 PM

Quote from: SaShiRaJaVu on February 24, 2018, 05:31:24 PM

Quote from: Hazir on February 23, 2018, 02:17:49 PM

Instead of using flat numbers like $500 etc. it would be much better if everyone invests a percentage of their income/savings.
Personally, I would without hesitation suggest putting 5%-20% of your fiat money into Bitcoin - you can't go wrong with that amount.
Even if something will go wrong - your investment is still diversified enough - so it won't be a total failure.

I used to invest some money into bitcoin every month and i used to have a good time gambling too,but once the price of bitcoin crossed $2k ,it is really a hard task on my part to use it as an investment,because the transaction charges were the biggest hurdle earlier,but things are coming back to normal and i do expect the price of bitcoin to recover,but there are other coins which gives you a higher return and i will convert that back to bitcoin in the long term. Wink

You shouldn't be worried with the transaction cost. It's really low. You can send 1 million USD worth of Bitcoins and pay a fee of only 1 USD. Bitcoin is really cheap to send, fast and secure, just like in the old days.
I think that we're in a period of stabilization while investors are deciding if it's a good moment to go in. We are going up in the following months, there's no other way!

We're in a period without hype and right now any new investors will mostly be people who are interested in Bitcoin and its potential instead of people just looking to quickly get rich. The flood of money in December was not from smart investors it was from people who thought BTC could rise indefinitely. That was also a large reason why the fees were so high, now we don't have that hype and segwit is being adopted the fees are so much more manageable.

Well, we should not be worried by now because we see that bitcoin is starting to rise again. Also, I think what you are talking about segwit will help the btc transaction time reduced. So, we should continue to support bitcoin so that we will be harvesting huge amount of profit by investing it in long term.

Inkdatar

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Quote from: dinoloverpete on February 25, 2018, 05:18:56 PM

Quote from: Kemarit on February 23, 2018, 02:14:01 PM

If we go to 6k we will also go below it but I don't think the price will fall below 9k. Just like a few days of resistance lead to a fall of 15-20%, a few days of support can lead to an increase and turn in expectations and outlook.

IF we fall below $6,000 then another golden opportunity to get it while its cheap and you can double your money in about 2 weeks time. I really don't understand why people panic during dip, there's also a brighter side during a downtrend. Let's see how it goes, another bulls vs bears in the next coming weeks and hope that the bulls will be on top again.

I think if we dip to 6k and below that would be a sure sign that the bears are winning and will continue to do so for some time. I don't think we will reach that price and I do think that longer term the price will recover but I don't think if we hit 6k it will rebound as sharply as it did just recently.
[/quote]
This time bitcoin is having strong support and I dont think it would go below $6k. Maybe those people who are really in panic are noobs and didnt know the history of bitcoin. As the current price is seems recovering since price is unstable we dont know yet if this time we are in bullish trend or just a bull trap.

arpon11

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Quote from: Stedsm on February 17, 2018, 12:34:19 PM

After the craziest and the most desirous wave that took place when the value went above $20k, we experienced the most awaited and whacking collapse watching it drowning under $7k. It was worst, but had a hope that nothing could go nuts and that we'll see those days when it'll start gaining back once again after fighting the denials of Governments. I believe now is the time. It has gained back more than 50% in a few days and I'm hearing that it'll be more than $25k till mid July.
I think it's the best time to invest in Bitcoins (if you see it as a safe-haven asset and are interested in much better gains than keeping your money in banks). I won't ask you to put too much, but for an average person - I believe that $500 shouldn't be a big deal to invest as the risk-to-reward ratio here will be much higher compared to other assets available.

I think also that the bearish trend is over and the range trend will also be soon over immediately the market cross the last week high. I am optimistic that bitcoin is going to be above it December 2017 high before July and I encourage the people around me to invest in bitcoin now that is very cheap to buy. I also Think in middle of July we should expect bitcoin to go as higher as $25,000 and $30,000 as speculated and I will be one of the biggest beneficiary.

teilwalL05

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Quote from: nightways on February 27, 2018, 02:58:58 AM

Quote from: Stedsm on February 17, 2018, 12:34:19 PM

After the craziest and the most desirous wave that took place when the value went above $20k, we experienced the most awaited and whacking collapse watching it drowning under $7k. It was worst, but had a hope that nothing could go nuts and that we'll see those days when it'll start gaining back once again after fighting the denials of Governments. I believe now is the time. It has gained back more than 50% in a few days and I'm hearing that it'll be more than $25k till mid July.
I think it's the best time to invest in Bitcoins (if you see it as a safe-haven asset and are interested in much better gains than keeping your money in banks). I won't ask you to put too much, but for an average person - I believe that $500 shouldn't be a big deal to invest as the risk-to-reward ratio here will be much higher compared to other assets available.

$500 is really a big deal right now for anyone who can really look into the future to realize the extent to what they are holding is going to end up. If anyone had gotten $500 worth of bitcoin in 2010, I do not even want to imagine what it would be like right now. Well, it is all about time, and everyone have their time, so it is best to wait for it. We should see bitcoin testing new highs pretty soon once we get past all the resistance ahead of us.

Nobody can know the future it is just a speculative prediction on what's gonna happen with the price or the movement of bitcoin I really think that we had an historical charts that many analysis are looking at to have a prediction for the upcoming value of a current coin, And if a newly ICO or tokens will be produced it will base on the accessibility of the token or coin or the kind of services it provides the people,

Well bitcoin I think are recovering from the recent downfall and we are really going through a lot of resistance right now but bitcoin will continue in pumping no matter what.

nightways

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Quote from: Stedsm on February 17, 2018, 12:34:19 PM

After the craziest and the most desirous wave that took place when the value went above $20k, we experienced the most awaited and whacking collapse watching it drowning under $7k. It was worst, but had a hope that nothing could go nuts and that we'll see those days when it'll start gaining back once again after fighting the denials of Governments. I believe now is the time. It has gained back more than 50% in a few days and I'm hearing that it'll be more than $25k till mid July.
I think it's the best time to invest in Bitcoins (if you see it as a safe-haven asset and are interested in much better gains than keeping your money in banks). I won't ask you to put too much, but for an average person - I believe that $500 shouldn't be a big deal to invest as the risk-to-reward ratio here will be much higher compared to other assets available.

$500 is really a big deal right now for anyone who can really look into the future to realize the extent to what they are holding is going to end up. If anyone had gotten $500 worth of bitcoin in 2010, I do not even want to imagine what it would be like right now. Well, it is all about time, and everyone have their time, so it is best to wait for it. We should see bitcoin testing new highs pretty soon once we get past all the resistance ahead of us.

jostorres

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Activity: 2562

Merit: 586

Quote from: harizen on February 21, 2018, 11:41:43 PM

Quote from: Kemarit on February 21, 2018, 10:38:11 PM

Those noobs can be easily swayed by FUD specially those who bought at the top price during the December frenzy. They panic when everything evaporated just like that then comes the FUD schills and doomsayers which added fuel to the fire. That's why they are the victims here, potential profits is gone because they are too emotional. Then they join the doomsayer that bitcoin is dying or bitcoin will go to 0. Well, you can't blame them. They went to the market with the hope that its a get rich scheme which they learn in the hard way that its not.

That's why they are called noobs in the first place but yes we can't blame them.

Thinking bitcoin price will just stay upwards, these noobsstick to that kind of mindset without realizing that a crash or dip might happened on the way. But honestly, it was a good experienced for them to be swayed by FUD and then regret follows as in here they will realized that bitcoin price crash is not the type of scenario where they will just easily pullout their assets.

With that kind of experienced, these noobs will improved their thinking that a crash is part of the system and if they planned to hold for long term then they can conclude that they must disregard any forms of movement on the price because all they need to do is to HODL.

That mentality of believing the market will just keep up testing new heights all the time really makes me laugh a lot and then when they buy into FOMO, they end up considering bitcoin dead or scared of whatever comes out from the media. Anyone who is not ignorant or has done some research before even investing will not even bother about any of that sort of news, but they never did.

Like you have said, over time, they will end up learning from experience and improving, which is where the market strength comes from anyway.

STT

legendary

Activity: 4102

Merit: 1454

Quote from: BTCLovingDude on February 23, 2018, 01:28:10 AM

Quote from: Sowik on February 22, 2018, 09:32:06 AM

We could be facing another pullback at the moment. Hopefully the support will hold.

unfortunately that is not something that you could predict at this point. everything pointed towards end of the "pullback" and start of a nice solid rise but out of nowhere price started dropping again. it may continue like this through the weekend and reverse upwards on Monday.
probably some whales trying to test the bottom and buy some more cheap coins before the shoot up.

Theres a rising number of speculators shorting the price apparently. Doesnt mean we go down but theres open apprehension out there and people wanting to profit from a pullback. Obviously we have bulls also expecting to go from 10,000 to 20,000 once more which is feasible also.

dinoloverpete

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Activity: 308

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Quote from: pixie85 on February 25, 2018, 05:31:57 PM

Quote from: SaShiRaJaVu on February 24, 2018, 05:31:24 PM

Quote from: Hazir on February 23, 2018, 02:17:49 PM

Instead of using flat numbers like $500 etc. it would be much better if everyone invests a percentage of their income/savings.
Personally, I would without hesitation suggest putting 5%-20% of your fiat money into Bitcoin - you can't go wrong with that amount.
Even if something will go wrong - your investment is still diversified enough - so it won't be a total failure.

I used to invest some money into bitcoin every month and i used to have a good time gambling too,but once the price of bitcoin crossed $2k ,it is really a hard task on my part to use it as an investment,because the transaction charges were the biggest hurdle earlier,but things are coming back to normal and i do expect the price of bitcoin to recover,but there are other coins which gives you a higher return and i will convert that back to bitcoin in the long term. Wink

You shouldn't be worried with the transaction cost. It's really low. You can send 1 million USD worth of Bitcoins and pay a fee of only 1 USD. Bitcoin is really cheap to send, fast and secure, just like in the old days.
I think that we're in a period of stabilization while investors are deciding if it's a good moment to go in. We are going up in the following months, there's no other way!

We're in a period without hype and right now any new investors will mostly be people who are interested in Bitcoin and its potential instead of people just looking to quickly get rich. The flood of money in December was not from smart investors it was from people who thought BTC could rise indefinitely. That was also a large reason why the fees were so high, now we don't have that hype and segwit is being adopted the fees are so much more manageable.

pixie85

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Activity: 2184

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Quote from: SaShiRaJaVu on February 24, 2018, 05:31:24 PM

Quote from: Hazir on February 23, 2018, 02:17:49 PM

Instead of using flat numbers like $500 etc. it would be much better if everyone invests a percentage of their income/savings.
Personally, I would without hesitation suggest putting 5%-20% of your fiat money into Bitcoin - you can't go wrong with that amount.
Even if something will go wrong - your investment is still diversified enough - so it won't be a total failure.

I used to invest some money into bitcoin every month and i used to have a good time gambling too,but once the price of bitcoin crossed $2k ,it is really a hard task on my part to use it as an investment,because the transaction charges were the biggest hurdle earlier,but things are coming back to normal and i do expect the price of bitcoin to recover,but there are other coins which gives you a higher return and i will convert that back to bitcoin in the long term. Wink

You shouldn't be worried with the transaction cost. It's really low. You can send 1 million USD worth of Bitcoins and pay a fee of only 1 USD. Bitcoin is really cheap to send, fast and secure, just like in the old days.
I think that we're in a period of stabilization while investors are deciding if it's a good moment to go in. We are going up in the following months, there's no other way!

dinoloverpete

full member

Activity: 308

Merit: 105

Quote from: Kemarit on February 23, 2018, 02:14:01 PM

If we go to 6k we will also go below it but I don't think the price will fall below 9k. Just like a few days of resistance lead to a fall of 15-20%, a few days of support can lead to an increase and turn in expectations and outlook.

IF we fall below $6,000 then another golden opportunity to get it while its cheap and you can double your money in about 2 weeks time. I really don't understand why people panic during dip, there's also a brighter side during a downtrend. Let's see how it goes, another bulls vs bears in the next coming weeks and hope that the bulls will be on top again.
[/quote]

I think if we dip to 6k and below that would be a sure sign that the bears are winning and will continue to do so for some time. I don't think we will reach that price and I do think that longer term the price will recover but I don't think if we hit 6k it will rebound as sharply as it did just recently.

SaShiRaJaVu

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Quote from: Hazir on February 23, 2018, 02:17:49 PM

Instead of using flat numbers like $500 etc. it would be much better if everyone invests a percentage of their income/savings.
Personally, I would without hesitation suggest putting 5%-20% of your fiat money into Bitcoin - you can't go wrong with that amount.
Even if something will go wrong - your investment is still diversified enough - so it won't be a total failure.

I used to invest some money into bitcoin every month and i used to have a good time gambling too,but once the price of bitcoin crossed $2k ,it is really a hard task on my part to use it as an investment,because the transaction charges were the biggest hurdle earlier,but things are coming back to normal and i do expect the price of bitcoin to recover,but there are other coins which gives you a higher return and i will convert that back to bitcoin in the long term. Wink

Topic: Bitcoins' pullback is over! (Read 635 times)