BTC recovering | Bitcointalksearch.org

Ararbermas

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Quote from: BTC-Graphicdesigns on December 20, 2017, 03:57:07 AM

Looks like BTC is recovering good after the BCH pump. I think we will definatly be between $20000 - $22000 by the end of the year.
Any thoughts?

that's not true mate actually bitcoin price still decreasing on this moment maybe bitcoin cant reach that value before year end unless it will make a long jump after this scenario like what happened 2 weeks past. And also i have doubts maybe it will continue to collapse i hope not too much.

Vannie12

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Massive ups and downs are pretty normal at this stage. Bitcoin’s value was likely urge because some who wanted to follow CME in trading bitcoin futures while in some point it means more funds are placed in virtual currencies.
It’s also quite possible that investors see bitcoin’s massive rise and decided to cash out instantly that is why people are advised to think twice about buying into bitcoin in this particular time.

richardsNY

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Quote from: BitMaxz on December 20, 2017, 03:48:42 PM

I think the reason of the price drop its because of huge fee increased holders are converting to bitcoin cash that is why the value of bitcoin cash is getting increases..

Don't let yourself get fooled. Bitcoin has been dealing with high fees for quite a while now, which large holders don't see as a problem. The only people complaining about this are noobs and faucet farmers not being able to move dust due to the higher fees. Bitcoin Cash having gone up is a natural development in the altcoin market, because if Bitcoin goes down, altcoins go up. On top of that we shouldn't underestimate how much influence big holders have with close ties to the Bitcoin Cash side -- they have the ability to pump the value to a 1:1 ratio within a day if they so wish. It's top notch market manipulation and nothing more.

BitMaxz

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I think the reason of the price drop its because of huge fee increased holders are converting to bitcoin cash that is why the value of bitcoin cash is getting increases.. from yesterday and today almost 30% to 45% increased. but drop a bit just few hours ago. So i think the value of bitcoin will stay around $16k to 18k until end of this month..
$20k plus much possible to happen next year.. for me its impossible right now to recover the price value of bitcoin since the fee is getting increases it would be wasted if you pay fee too much high for small transaction so bitcoin user will stay holding until the fee is getting normal again.. I saw many of us having transaction stuck and waiting to confirm..
And i think there are lots of bitcoin user right now planning to sell their bitcoin but they are thinking twice because the fee are still increasing..

maxamus

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Quote from: btcone111 on December 20, 2017, 11:22:00 AM

Too fast to say bitcoin is recovering i think this is only the start.
Be very careful this might be the long due bigger correction

Last week of December till the begiNing of second quarter of following year has always been a dark time for bitcoin if you check the history every years it's the same process but once the bitcoin gains back the lost value which usually happens around second quarter of the year it breaks all the old records and sets a new benchmark and let's hope for something similar this year as there is a lot going on with bitcoin nowadays

Yaunfitda

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Quote from: cellard on December 20, 2017, 11:51:35 AM

Quote from: Beerwizzard on December 20, 2017, 04:04:08 AM

As it was not an attack on BTC (any BCH pump seems very suspicious for me) that can be concidered as a some kind of correction after a pretty big growth. I'm sure that it is pretty good and it will help from the psychological side: a lot of people are waiting for the end of this year to see the final BTC rate and they can easily dump it especially if it is uncorrected. If bitcoin will continue its slow growth it will just make the situation more calm.

Both things converged: A correction was due naturally, as we were under a massive bullrun, and the BCash manipulation with the mempool spam and the Coinbase bribing to list it right during the difficulty adjustment to create as much confusion as possible, also was a way to create a dip while dump a very pumped BCash. The whales just want to accumulate as much BTC as possible, since they are scared that LN is working, and will solve the scaling issue once and for all.

Spot on mate. All this points to the Jihan Wu/Roger Ver faces all over this attack. And damn, many fall for this trap because the price is suddenly pump to a point that its unbelievable. But I'm sorry, I'm not one of them. I won't fall because we already knew who is behind this manipulation. But I like the timing though, They are really doing everything on their part so really disrupt and create a lot of negativity around bitcoin.

I don't know if they are scared of Lightning Network, but one things for sure. They will do anything at any cost, including shills, paid media articles even CNBC is on into it:

https://twitter.com/CNBCFastMoney/status/943313327249330177

And this artificial pump will end up soon. Just watch and all the jokes and meme's will explode in the next couple of days. I'm betting on that. Grin

dothebeats

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That's what always happens though; if other alts are in for a boost, BTC would be on a slump for sure. After the slight pump that happens on these coins, the money would pour into btc achieving higher highs, and that again is proved by the charts and historical data as well. We might be in for some brilliant $20k action before the year ends. We already have tasted $19k for a bit this week and so far it's doing quite good.

player514

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Quote from: itsmeram on December 20, 2017, 01:43:00 PM

Quote from: BTC-Graphicdesigns on December 20, 2017, 03:57:07 AM

Looks like BTC is recovering good after the BCH pump. I think we will definatly be between $20000 - $22000 by the end of the year.Any thoughts?

Not by the end of the year, it will be touching those rates during the next year, why do you want to see it now? Just let bitcoin refresh their lungs, it has increased so fast and it needs to rest for a while.
It will be touching those prices, and a new all time high, it just only need some time.

Yeah, if we run into a bullish run again, there's going to just be another correction/drop that comes just about as fast. Instead, I'd like to see some form of linear growth in bitcoin that's much more steady than the volatile exponential growth we've seen this past year. Of course, that's just what I'd like to see. Without those volatile drops and rises, bitcoin wouldn't really be bitcoin then.

BCH probably had a little bit to do with the drop, but overall I think it's just a correction that was due.

itsmeram

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Quote from: BTC-Graphicdesigns on December 20, 2017, 03:57:07 AM

Looks like BTC is recovering good after the BCH pump. I think we will definatly be between $20000 - $22000 by the end of the year.Any thoughts?

Not by the end of the year, it will be touching those rates during the next year, why do you want to see it now? Just let bitcoin refresh their lungs, it has increased so fast and it needs to rest for a while.
It will be touching those prices, and a new all time high, it just only need some time.

NeuroticFish

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It's funny that many were expecting Bitcoin price stabilize in the first day after the futures were launched.
I also think it'll reach 20-22k pretty soon. Not sure if this year though.
Now it's speculation time... or correction time. I was not expecting to see prices in the 16k range now, but hey, the whales have to buy Christmas presents off something

I really hope I see it at 18k+ again before Christmas, but.. I fear I may be disappointed in this.

mobnepal

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Quote from: BTC-Graphicdesigns on December 20, 2017, 03:57:07 AM

Looks like BTC is recovering good after the BCH pump. I think we will definatly be between $20000 - $22000 by the end of the year.
Any thoughts?

$20k is just around the corner, price can even get to $25k when hype for bitcoin cash will be over and bitcoin network will start to function normally. Fee on bitcoin is really high and many newbie have started to hold bitcoin cash with high hopes of it replacing bitcoin which will never happen.

Bitcoin cash is one of the most manipulated coin and it couldn't replace bitcoin. Yes bitcoin is recovering, when BTC will be above $20k bitcoin cash might go back to $1.5k range.

cellard

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Quote from: Beerwizzard on December 20, 2017, 04:04:08 AM

As it was not an attack on BTC (any BCH pump seems very suspicious for me) that can be concidered as a some kind of correction after a pretty big growth. I'm sure that it is pretty good and it will help from the psychological side: a lot of people are waiting for the end of this year to see the final BTC rate and they can easily dump it especially if it is uncorrected. If bitcoin will continue its slow growth it will just make the situation more calm.

Both things converged: A correction was due naturally, as we were under a massive bullrun, and the BCash manipulation with the mempool spam and the Coinbase bribing to list it right during the difficulty adjustment to create as much confusion as possible, also was a way to create a dip while dump a very pumped BCash. The whales just want to accumulate as much BTC as possible, since they are scared that LN is working, and will solve the scaling issue once and for all.

1Referee

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I find it top level entertainment seeing how the entire market gets shaken up and social media going nuts. People till this day still haven't learned anything from the past it seems. That sudden shift from extremely bullish to extremely bearish, and then again to extremely bullish in a matter of 24 hours is priceless. I see how the media is going nuts as well, where they advice people to be extremely careful with Bitcoin now it swings like $1500-$2000 in a matter of hours. It's like they make a huge problem out of Bitcoin going down with ~15%, where they completely discard the previous growth we experienced. Even with this normal decline we're still like 1500% in the green this year. Cheesy

tomahawk9

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Quote from: greensheep on December 20, 2017, 11:18:14 AM

Price is again around 16350 USD, seems like todays revival was short lived, shaky grounds, waiting for a stabilisation

Yeah, I think it'll go down a bit more, so, everyone should hold your coins for the time being (do not give in to panic sell).

But once people start dumping their bcash on GDAX after taking profit from the major pump going on right now, btc will take off, bcash will crash (probably to 1.5k or a bit more) and btc will begin its due path to the 20k mark once again starting this week or the next one.
I'd say right now is probably the best chance to buy some cheap coins, we might not see such low prices ever again.

btcone111

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Too fast to say bitcoin is recovering i think this is only the start.
Be very careful this might be the long due bigger correction

greensheep

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Price is again around 16350 USD, seems like todays revival was short lived, shaky grounds, waiting for a stabilisation

Kemarit

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Quote from: Beerwizzard on December 20, 2017, 04:04:08 AM

As it was not an attack on BTC (any BCH pump seems very suspicious for me) that can be concidered as a some kind of correction after a pretty big growth. I'm sure that it is pretty good and it will help from the psychological side: a lot of people are waiting for the end of this year to see the final BTC rate and they can easily dump it especially if it is uncorrected. If bitcoin will continue its slow growth it will just make the situation more calm.

I also don't considered that it is a well planned attack by the other side. But you can't eliminate the coincidence once more. Anyways, bitcoin has since recovered, while Bitcoin Cash is still pumping closing it at 50% now. LOL. That's an amazing run. But we absolutely know what's coming. It will crash so hard that it will go back to $1500 once more. If I were the some casual noobs, I will not buy it at top price because you will just trap inside this pump and instead of profits, you might end up losing more because you are swayed by this pump.

Quote from: bifle on December 20, 2017, 11:07:53 AM

Quote from: Torque on December 20, 2017, 11:03:54 AM

Also we should have a workable Lightning Network up and running by the end of 2018.

The major rises of 2017 were all about lightning network (segwit, recent lightning beta on mainnet, etc...).
Development (and adoption?) of lightning / off-chain transactions will have an incredible effect on the BTC price.

Since you have mentioned Lightning Network, I'm all ears. LOL. I still like the idea of this sidechains, I'm not that technical anymore, but I think implementing it will really help us soothe the current issue that we are facing. So it ever this will be activate next year, we are going to see the price picking up once more and touching $20,000. But we will have to see, I'm sure resistance will be present, but I'd say give LN a chance to see if it can improved the high transaction fees and slow confirmation time.

bifle

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Quote from: Torque on December 20, 2017, 11:03:54 AM

Also we should have a workable Lightning Network up and running by the end of 2018.

The major rises of 2017 were all about lightning network (segwit, recent lightning beta on mainnet, etc...).
Development (and adoption?) of lightning / off-chain transactions will have an incredible effect on the BTC price.

Torque

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Quote from: Denker on December 20, 2017, 10:49:26 AM

Quote from: BTC-Graphicdesigns on December 20, 2017, 03:57:07 AM

Looks like BTC is recovering good after the BCH pump. I think we will definatly be between $20000 - $22000 by the end of the year.
Any thoughts?

It doesn't matter what the price will be at the end of this year.
We had a awesome run in 2017 and lots of amazing stuff is going to happen in 2018.
Big money is coming in, pretty great features are to get implemented, more users probably gonna entering this space.
Lets work on the fundamentals, improve the technology, educate the newbies. Then we can think about what price may be.
However as long as we will work on the 3 things I've mentioned, the price is rising will be a no brainer. Far beyond $20k!!

This. Also, I predict 2018 will be the rise of the Bitcoin ETFs. For better or worse. But at least it will mean a hella more money coming into the space.

Also we should have a workable Lightning Network up and running by the end of 2018.

Denker

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Quote from: BTC-Graphicdesigns on December 20, 2017, 03:57:07 AM

Looks like BTC is recovering good after the BCH pump. I think we will definatly be between $20000 - $22000 by the end of the year.
Any thoughts?

It doesn't matter what the price will be at the end of this year.
We had a awesome run in 2017 and lots of amazing stuff is going to happen in 2018.
Big money is coming in, pretty great features are to get implemented, more users probably gonna entering this space.
Lets work on the fundamentals, improve the technology, educate the newbies. Then we can think about what price may be.
However as long as we will work on the 3 things I've mentioned, the price is rising will be a no brainer. Far beyond $20k!!

Topic: BTC recovering (Read 337 times)