Even at $4160 at this moment in time,, I'm still optimistic that the $5500 per bitcoin is possible in the end of September.. All thinks at this corrections won't last and will never affect the future price of bitcoin.. It goes to show that it won't be below $4000 again as what those downs of decreased have pointed out.. It freezes at 4100$ both of them..
Topic: BTC Trend - page 2. (Read 1461 times)
we have had the corrections and then some more. there is no room left for any logical drops and the analysis also points to that. the bottom at $4100 is a good resistance point for bitcoin price at this point.
but the problem is that market has never cared for these things. specially when FUD can rule the price. we have seen this multiple times. I can give you FUD examples dating back to 2014 since that is when I started and I have first hand experience but also I can find examples older from early days of $2 price.
it is sometimes as if some people have plans on shorting bitcoin. they try so hard with the spread of FUD and it is usually effective too.
but it never lasts. you can only short bitcoin so far before you lose money. simply because you can not stop the adoption. it happens and the long term trend will be rise.
but the problem is that market has never cared for these things. specially when FUD can rule the price. we have seen this multiple times. I can give you FUD examples dating back to 2014 since that is when I started and I have first hand experience but also I can find examples older from early days of $2 price.
it is sometimes as if some people have plans on shorting bitcoin. they try so hard with the spread of FUD and it is usually effective too.
but it never lasts. you can only short bitcoin so far before you lose money. simply because you can not stop the adoption. it happens and the long term trend will be rise.
the long term trend is always up and there is nothing that can change that as long as bitcoin is alive and it is alive and kicking and getting more lively with SegWit followed by Lightning Network.
in short term you will always see fluctuations. sometimes hard ups and downs. for the time being the FUD about China is strong and there may be more drop but at the same time, there can be another news that changes the direction at any time and change the trend into a rising one with a lot of FOMO buying!
the same investors who panic sell will always panic buy too.
in short term you will always see fluctuations. sometimes hard ups and downs. for the time being the FUD about China is strong and there may be more drop but at the same time, there can be another news that changes the direction at any time and change the trend into a rising one with a lot of FOMO buying!
the same investors who panic sell will always panic buy too.
That is a reality. Somebody will feel that a rally is about to start and immediately all those who have sold will get the Fear of Missing Out. FOMO will bring hordes of profit takers back into bitcoin.
I still believe in the future of Bitcoin. Looking at the general trend, bitcoins increase and do not intend to stop. We only need to understand the offset rule: up - down. Take a step back and take 2 steps. So do not worry about Bitcoin prices dropping. It's take gaining momentum to hit a new record!
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It could just be a bump in a road to a higher level like 6-7k but i think it depends a lot on whether or not this news about China banning all exchanges turns out to be legit or just plain BS.
Long term as talkbitcoin said, it's always going to be up.
However i don't think that we can go up much further because we are pretty deep in the bubble right now. If things don't get better soon we could potentially go back to $3k or thereabouts, it's just how volatile things are in a bubble economy.
the long term trend is always up and there is nothing that can change that as long as bitcoin is alive and it is alive and kicking and getting more lively with SegWit followed by Lightning Network.
in short term you will always see fluctuations. sometimes hard ups and downs. for the time being the FUD about China is strong and there may be more drop but at the same time, there can be another news that changes the direction at any time and change the trend into a rising one with a lot of FOMO buying!
the same investors who panic sell will always panic buy too.
in short term you will always see fluctuations. sometimes hard ups and downs. for the time being the FUD about China is strong and there may be more drop but at the same time, there can be another news that changes the direction at any time and change the trend into a rising one with a lot of FOMO buying!
the same investors who panic sell will always panic buy too.
I'm quite optimistic this time that the price would get back to its former glory $4600 this coming week. That or it will continue to plummet and give people a very small time frame that they could take advantage of and buy more. Really wanted the price to go down further for me to snatch a couple more along the way, but China says no apparently. :/
And November seems to be quite promising. Floodgates or train? Nobody's certain as of yet.
And November seems to be quite promising. Floodgates or train? Nobody's certain as of yet.
People will not want to miss this downward trend and will probably buy resulting in the price rebound. Tomorrow we maybe in the $4300-$4400 range. And when everything has settled down we may go back to its former glory of $4600-$5000 again. This daily price swing will continue up until we touch $5000 again which will be very critical. The question is whether its sustainable or another panic occurs pulling the price back again. China's news will just be another bump along the way but just like any bumps that we faced, we are going to pass it again with flying colors.
This is like arbitrage quickly. I missed 3900$ dip, but I won't miss other dips. I'mma buy bunches. Bitcoin is to be bought when it's in the dip. The dips are not for being panic, it's for gettin more cheap bitcoins.
I'm quite optimistic this time that the price would get back to its former glory $4600 this coming week. That or it will continue to plummet and give people a very small time frame that they could take advantage of and buy more. Really wanted the price to go down further for me to snatch a couple more along the way, but China says no apparently. :/
And November seems to be quite promising. Floodgates or train? Nobody's certain as of yet.
And November seems to be quite promising. Floodgates or train? Nobody's certain as of yet.
People will not want to miss this downward trend and will probably buy resulting in the price rebound. Tomorrow we maybe in the $4300-$4400 range. And when everything has settled down we may go back to its former glory of $4600-$5000 again. This daily price swing will continue up until we touch $5000 again which will be very critical. The question is whether its sustainable or another panic occurs pulling the price back again. China's news will just be another bump along the way but just like any bumps that we faced, we are going to pass it again with flying colors.
OP, you are trying to make it look like a bearish scene but on what basis?
Just because everyone is thinking China could take back their participation completely out of bitcoins doesn't mean btc could drop that hard, because now it's not China alone that controls the BTC markets but almost a lot of countries are now holding some handsome shares in btc and it should be deemed that bitcoins are unstoppable no matter what happens. I still feel that resistance above 5k has chances to be broken and we are yet to see some awesome new ATH levels that nobody have thought of.
Just because everyone is thinking China could take back their participation completely out of bitcoins doesn't mean btc could drop that hard, because now it's not China alone that controls the BTC markets but almost a lot of countries are now holding some handsome shares in btc and it should be deemed that bitcoins are unstoppable no matter what happens. I still feel that resistance above 5k has chances to be broken and we are yet to see some awesome new ATH levels that nobody have thought of.
BTC is extremely bullish since the beggining of 2016 - FUD could only drop if for a few days, a week maximum - then it always continued to grow. In a recent week we had 2 waves of "China bans Bitcoin" FUD, and a lot of hard fork FUD prior to that, yet we haven't entered any bear market, only some local dips. It may be hard to say when exactly will bear market start, but it's clear that it is not here yet. In 2014 Bitcoin's price was severely crippled by a similar FUD, but todays Bitcoin is much stronger.
I'm quite optimistic this time that the price would get back to its former glory $4600 this coming week. That or it will continue to plummet and give people a very small time frame that they could take advantage of and buy more. Really wanted the price to go down further for me to snatch a couple more along the way, but China says no apparently. :/
And November seems to be quite promising. Floodgates or train? Nobody's certain as of yet.
And November seems to be quite promising. Floodgates or train? Nobody's certain as of yet.
Bitcoin will go down a little bit for a few week before another breakthrough,
we will be facing sub $4000 if we lucky enough or even more and then another spike in the coming month.
i believe it's preparation from the whales to get more Bitcoin and Profit before hardfork,
because we will see a huge blow in that time.
so for coming days i prefer to hold some Fiat to get some cheap Bitcoin before hardfork,
and then sell it a few days/week before hardfork begin and then cash out for a month.
it'll be huge and need a month or more to recover and then hit another ATH again like before.
we will be facing sub $4000 if we lucky enough or even more and then another spike in the coming month.
i believe it's preparation from the whales to get more Bitcoin and Profit before hardfork,
because we will see a huge blow in that time.
so for coming days i prefer to hold some Fiat to get some cheap Bitcoin before hardfork,
and then sell it a few days/week before hardfork begin and then cash out for a month.
it'll be huge and need a month or more to recover and then hit another ATH again like before.
BTC Next day (or Next week) Up or Dn?
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BTC/USD Weekly: http://www.upsieutoc.com/image/Tc1ubq
and BTC/USD daily: http://www.upsieutoc.com/image/Tc7cvy
How about you?
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