BTC Moving towards 6000$ | Bitcointalksearch.org

Morgann

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Quote from: mwaqar17 on May 23, 2018, 02:30:36 PM

The price of bitcoin is going down and it has crashed whole market. There is almost 10% decrease in price in last 24 hours and still going down. What is your opinion about this decline?? Will it be going more down towards 6000$ or it will stop at 7000$.

There is no reason for every people to sell their coins today because it was dropping, i believe that there is a fud in other country that is spreading and it makes every people to decide on selling their coins and in return, the market is continuously dumping the coins.

Altero

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Quote from: siagh357 on June 22, 2018, 07:29:19 PM

Traders are disregarding bitcoins for alternative currency that gives them much profit in a short time than bitcoins which seems to be favorite for only long term holders. I think if care is not taken bitcoins will go down to 5000 USD by July.

Of course, bitcoin will grow more than we can see on altcoins but isn't get enough to let all our fund into bitcoin alone. We also take chances of earning from investing potential alts either for short or long term. We know a lot of altcoins today and it looks like some of them are sleeping dead that's why we should also be careful in buying alts. Not only the price we consider but also it market performance to determine the possibilities of gaining.

siagh357

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Traders are disregarding bitcoins for alternative currency that gives them much profit in a short time than bitcoins which seems to be favorite for only long term holders. I think if care is not taken bitcoins will go down to 5000 USD by July.

bitcad4u

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Quote from: mwaqar17 on May 23, 2018, 02:30:36 PM

The price of bitcoin is going down and it has crashed whole market. There is almost 10% decrease in price in last 24 hours and still going down. What is your opinion about this decline?? Will it be going more down towards 6000$ or it will stop at 7000$.

Actually the price reduce further more .There is almost 10% decrease in price in last 24 hours and still going down. May be the market will go up to 5500$ fall,then it will start to increase again.If you are free from depend of money.Hold your bitcoin.This price fluctuation cause negative effect to bitcoin.

winterland

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Quote from: mwaqar17 on May 23, 2018, 02:30:36 PM

The price of bitcoin is going down and it has crashed whole market. There is almost 10% decrease in price in last 24 hours and still going down. What is your opinion about this decline?? Will it be going more down towards 6000$ or it will stop at 7000$.

Right now we are moving towards that direction, bitcoin is barely above it at 6015 dollars for each bitcoin and the price is down another 10% in the last 24 hours, I do not know if the price of bitcoin went even lower than that when I was not looking at the market, but one thing that seems it is going to happen is that the price sooner or later will go even lower than that.

AK47-

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Quote from: mwaqar17 on May 23, 2018, 02:30:36 PM

The price of bitcoin is going down and it has crashed whole market. There is almost 10% decrease in price in last 24 hours and still going down. What is your opinion about this decline?? Will it be going more down towards 6000$ or it will stop at 7000$.

With such a price action, Bitcoin might as well touch $5900 before making any recovery. Bears are back in control of the market. Unless the Bitcoin crosses the $6800 threshold which is the new resistance, market is expected to struggle in bear phase. Altcoins are likely to suffer along with Bitcoin. But if Bitcoin falls below $5900, we are going to see some serious damage to altcoin market. Because market runs on trust, but as people are shifting from being a hodler to speculators/short term traders, people are losing trust and this can be serious for the market if it didn't revert it move towards bull cycle.

Denker

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Quote from: ajochems on June 22, 2018, 01:15:28 PM

Now the price of bitcoin is reduced to 6170$,this is the one of the lowest value reach by bitcoin.The main reason for the fall is hacking of million of dollars.It occur in this week and many new investors start to sell their bitcoin due to this news.They may got panic and sell due to lack of patience.Patience is the essential only to escape from loss.

That's not true. The reason we are going down now has nothing to do with the Bithumb hack.
We retraced shortly after the hack, that's true. But we also moved up with the Tether announcement just a day later.
Today's down move is just the market, and not news driven in any way. However we had really good news today. I looks like the Mt. Gox trustee doesn't need to sell anymore coins.

ajochems

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Now the price of bitcoin is reduced to 6170$,this is the one of the lowest value reach by bitcoin.The main reason for the fall is hacking of million of dollars.It occur in this week and many new investors start to sell their bitcoin due to this news.They may got panic and sell due to lack of patience.Patience is the essential only to escape from loss.

iram1011

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If this pattern follows, price might fall below $6000 and can dump to the $5k levels. But lately, price isn't really following the technical analysis. But technical analysis is showing a bear reversal which will stop at $5200. If price from here gains a volume to breach $6850, we will see a bullish reversal, else we are heading in deep bearish zone. But price manipulation is so high that nothing can be said with certainty.

melkola

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Bitcoin is very peculiar. There are too few factors that can strongly influence him, my opinion. Yes, there are some negative points that move the course a little. But so far, I don't see anything terrible that could finally drop the course.

giantrobot

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Quote from: mwaqar17 on May 23, 2018, 02:30:36 PM

The price of bitcoin is going down and it has crashed whole market. There is almost 10% decrease in price in last 24 hours and still going down. What is your opinion about this decline?? Will it be going more down towards 6000$ or it will stop at 7000$.

Another topic is talking about the decline of bitcoin. When people stop talking about its decline. For me, it's very normal, because after the boom is a dumpster with a lot of bad stuff.

Rooster101

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That will be possible if there is a big negative development that make the bitcoin price to go down. The recent hacking of south Korean exchange cause only some minimal dip in bitcoin price and still staying at $6600. Factors like hackings can make a significant dip in bitcoin price if the value of the hacked coins is big. But no one knows exactly when will the bitcoin go down to that price level.

Emitdama

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Quote from: gabmen on May 24, 2018, 11:32:20 AM

Quote from: Kylapoiss on May 24, 2018, 09:34:42 AM

Quote from: Thirdspace on May 24, 2018, 08:07:38 AM

Quote from: mwaqar17 on May 23, 2018, 02:30:36 PM

Will it be going more down towards 6000$ or it will stop at 7000$.

I think it will bounce back up soon with lowest around ~$7000
if it does break $7000 then probably just a little bit below it, perhaps around ~$6900
then it will recover back up to previous steady price at $8500-$9000

I'm guessing we're going to retest the 6600 levels from February, if it goes further down from there, then nobody knows where it might go. Good time for buying nevertheless.

Well that's what people should be focusing right now instead of making negative speculations. I'm quite unconvinced that we're going to hit that low but then if it does happen, might as well buy more. That's what i've been doing all these times

What any wise person would be thinking as an investor anyway. Usually, traders will always have the upper hand always in a volatile market based on their chances of selling when a support is broken quickly and buying way back lower. However, for an investor that may not know how to work out those moments, the best thing is to just hold and look forward to buying more at the dip. We are all traders anyway and it is just the time difference in making trades that differs.

verguat33

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Quote from: Denker on May 24, 2018, 11:29:02 AM

Quote from: pealr12 on May 24, 2018, 06:21:38 AM

Its not new to some people cause some already predicted that bitcoin will drop at 4000$ or even lower,but still the price is high compared last year when bitcoin is only 1000$.

Before speaking about $4000, let's see if market can be pushed down to $6000 and then $5000.
Most of the talk or 'prediction' is just pure fear mongering by some certain people. They probably have opened some serious short positions.
As a bear you try to FUD and make people to sell their coins. More profit for you and a nice entry price to buy in.
As a bull you try peopple to FOMO in to the market. That's in pretty simple terms explained, all you need to know.
Very good traders are also good in playing with other peoples' emotions!

I actually do not understand why people are so eager to know what the market brings, when the market will actually give us the answer in its own due time. We cannot say for now how far the market is going to go way down or when it is going to get to bounce back up but one thing for sure is that time will tell. We still have some support that could be broken, and we still have some resistance that would need to be taken out of the way, so, I guess we will have to wait and see how things turn out.

Ewinsane

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Quote from: shulio on May 25, 2018, 05:42:19 AM

There is a strong support at 7000 dollars. The fall of the price do not touched the 7000 dollars yet. The fall seems stopped. It will take 3 to 5 days to decide the way, up, or down.

It is not going to get down to 6000 dollars in any way because the prices have been stable roughly for a month at least. There is not much chance for bitcoin to go down again because this is the time for the coin to touch the sky and make all supporters jubilant. I am saying that now the market is on recovery track, so no need of worrying about any other big decrease in the values. Just stay optimistic.

yanlap

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Quote from: gabmen on May 24, 2018, 11:32:20 AM

Quote from: Kylapoiss on May 24, 2018, 09:34:42 AM

Quote from: Thirdspace on May 24, 2018, 08:07:38 AM

Quote from: mwaqar17 on May 23, 2018, 02:30:36 PM

Will it be going more down towards 6000$ or it will stop at 7000$.

I think it will bounce back up soon with lowest around ~$7000
if it does break $7000 then probably just a little bit below it, perhaps around ~$6900
then it will recover back up to previous steady price at $8500-$9000

I'm guessing we're going to retest the 6600 levels from February, if it goes further down from there, then nobody knows where it might go. Good time for buying nevertheless.

Well that's what people should be focusing right now instead of making negative speculations. I'm quite unconvinced that we're going to hit that low but then if it does happen, might as well buy more. That's what i've been doing all these times

Well right now the market price is more than $75000 and it was more than $8500 a month ago. So there is a rise and fall in the prices of Bitcoin and things look like the rise and fall will keep going for some time until it will boom. SO this is quite possible for Bitcoin to fall again to the $6000 value but it is also possible to Rise to $30000 in future.

shulio

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There is a strong support at 7000 dollars. The fall of the price do not touched the 7000 dollars yet. The fall seems stopped. It will take 3 to 5 days to decide the way, up, or down.

cakravothy

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Chainjoes.com

this now bitcoin price 7500 dollar
i think bitcoin price still above 7000 dollar
but if bitcoin price down to 6000 dollar, because price can down again to 5k dollar

Lumada

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Quote from: DeadCoin on May 24, 2018, 07:29:19 PM

Quote from: Ararbermas on May 24, 2018, 05:54:59 AM

Quote from: mwaqar17 on May 23, 2018, 02:30:36 PM

The price of bitcoin is going down and it has crashed whole market. There is almost 10% decrease in price in last 24 hours and still going down. What is your opinion about this decline?? Will it be going more down towards 6000$ or it will stop at 7000$.

this is what we could manipulations mate not a decline because of some causes which is from 10k to 8k . and the reason behind why the growth rate constantly decreasing it is because of some weak hands that can't control their emotions after the fluctuation which is they are dumping as well to protect their money on it even had loses. So indeed we can't call it declined 'cause it's just a panic selling made by some noobs who always rely on others predictions. Lol by the way in my view on this bearish the value will not go further and yes perhaps 7k is enough.

there are chances to go back to 6000. Let's just wait and see if the bitcoin price goes to the Moon soon in this month.

June might be a good start of green days, we hope to see a brighter days for crypto since it making too slow in progress of having ATH. we should have more patience till it goes to the moon.

DeadCoin

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★ Investor | Trader | Promoter

Quote from: Ararbermas on May 24, 2018, 05:54:59 AM

Quote from: mwaqar17 on May 23, 2018, 02:30:36 PM

The price of bitcoin is going down and it has crashed whole market. There is almost 10% decrease in price in last 24 hours and still going down. What is your opinion about this decline?? Will it be going more down towards 6000$ or it will stop at 7000$.

this is what we could manipulations mate not a decline because of some causes which is from 10k to 8k . and the reason behind why the growth rate constantly decreasing it is because of some weak hands that can't control their emotions after the fluctuation which is they are dumping as well to protect their money on it even had loses. So indeed we can't call it declined 'cause it's just a panic selling made by some noobs who always rely on others predictions. Lol by the way in my view on this bearish the value will not go further and yes perhaps 7k is enough.

there are chances to go back to 6000. Let's just wait and see if the bitcoin price goes to the Moon soon in this month as we again see this correction after a month. At times this can be a push to next peak. Every altcoin is well are on blood path. Though it's nature of crypto, investors look for time to gain profit as well. Hope to see a hike soon.

Topic: BTC Moving towards 6000$ (Read 595 times)