Can Bitcoin stay above 6500? - page 4.

AngelSky

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Quote from: bedulook on June 13, 2018, 02:11:43 PM

6500 USD price was recently entered and I think it will go back to the 7500$ it was trading last week

Hey again it fall around 300 USD and more today. I want also bitcoin to reach that value but we cannot assure that this will be happen for sure mate. When the bitcoin value dumped most of the people being in the crypto currencies market means what is the actually trend we can see.
That is how we are seeing the bitcoin value goes cheaper but will be find the BTC in 20k USD and more.

bedulook

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6500 USD price was recently entered and I think it will go back to the 7500$ it was trading last week

Eleven86

member

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Dont sell now just hold it, because if you sell now its great loss only. Dont get panic about current situation, with hope and patience wait for some more time. May be this is the last worst dump for this year. So lets wait for some more months hope the price will increase in upcoming days or months. Hold the bitcoin till it reaches high value. According to present market the price struggles to reach $6500. But in future surely it will cross the price hope so.

Doell

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Some have predicted this before and I not believe but then in this June the price drops to the value that he forecast ,we must be optimistic dont get carried away panic sales like now hold better than lose money but now it's 6400 difficult bring plunge to further

wildan88

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It is hard to predict, but I see many people analyze it could fall below 6500 even 5000, so I've to sell at 7200 and will probably wait at 5000 to buy. But if prices persist long enough in 6000 I will buy it.

tylerderden

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Quote from: bibiqua on June 13, 2018, 03:13:17 AM

I wonder if I should sell now or hope for the bulls. Looks like it's way too late to sell...

But it is the prefect time to buy bitcoins as the price have touched bottom and is surely isn't gonna fall below this price range so buying a few bitcoins at this price is surely gonna profit you. But the people doesn't understand this and buy bitcoins only when the bitcoin is trending in the news and that only occurs when the price have rose, so looser buy when the thing is all over news and the wise person buy when only a handful of people know about that thing.

The Sceptical Chymist

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Well so much for staying above $6500--we're about $200 lower than that as I write this.

Question: where's Qwuckduck? Usually these types of market swings bring him out of the hole he lives in, and he's good for stirring shit up a little. lol

We can still rebound, and I still think we will but man, it's looking pretty grim right now. As far as what OP asked--whether he should sell--I think that's ludicrous unless he bought well below the current price. Nobody makes money buying high and selling low and now is probably the worst time to sell for a lot of people here. I say hold onto what you have and wait for the recovery.

fabiorem

sr. member

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Too late to sell, you will have to endure it.

STT

legendary

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In a bearish trend to gain a profit from buying you must predict each time the trend relents and we rise up, it should rise more quickly at that point and your buy is rewarded. Predicting each level of support to buy into would be the advantage gained there. It is harder to go against the prevailing wind and still advance but its possible, in a bear trend the spikes up are more extreme I have read where as a bullish trend the progress up is more regular, slower.

Ridwan Fauzi

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If you incur a loss when selling at a $ 6500 price the option to sell is the wrong way. To get profit in bearish trend is very difficult, you can wait and hold until the price back up above $ 7000. I think it will be temporary, next week bitcoin price will go back up. This is the lowest bitcoin price in the last few months, many people already thought this was a good time to buy and would make the market go back to green.

BrewMaster

legendary

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There is trouble abrewing

you are correct, it is too late to sell but also we don't know whether price is going lower or not. nowadays drops are not happening naturally anymore. there is a lot of things going on, a lot of dumps and a lot of manipulation while the investors are staying out with their money and waiting for things to settle down before they start reinvesting.
this is one of those times that no matter what you do, in the end you will be burned.

coinplus

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Quote from: bibiqua on June 13, 2018, 03:13:17 AM

I wonder if I should sell now or hope for the bulls. Looks like it's way too late to sell...

Nothing is predictable now bro and selling now is actually going to be a mistake or not. That is one thing you should know as you are simply just going to be gambling. Since you have been holding all these while from the top, I would advise you should be looking for a way to buy than a way to sell as that would put you in a better position than trying to gamble the market.

This however is in an investor’s point of view not in a trader's point of view which I expect that if you are not a trader, you should not even be trying to be one at all. Because, traders always look for short term changes very keenly whereas holders or otherwise known as investors will bother only long term trends.

Wei H

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Chinese translator

I have been held Bitcoin, since it was $2000, later $19,000, and now it's $6,000, it turns out I'm a big foolish.

lablab03

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Quote from: bibiqua on June 13, 2018, 03:13:17 AM

I wonder if I should sell now or hope for the bulls. Looks like it's way too late to sell...

actually pal bitcoin price is already below $6500 pal on this moment and right now isn't the right time to sell, but its up to you if you want to avoid further loss, but i suggest if i were you i will keep holding because bull always exist after the down trend, and that is the fact how the market play nowadays, which is more holders still buying after the dip that can contribute bitcoin price to soar again after the doomed so it's impossible bitcoin will not bullish again, patience is the must pal

Kingofbitcoin12345

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Quote from: bibiqua on June 13, 2018, 03:13:17 AM

I wonder if I should sell now or hope for the bulls. Looks like it's way too late to sell...

Specific prices doesn’t matter as bitcoin can have either of both,, lower or higher 6500$ in time.. What the best to consider is your self control on how or when is the time for you to say “enough”,, that is totally a normal,, newbie or inexperienced users or traders.. Sell now and regret later or wait until the bullish run that may come sooner at 90% of the time..

You hold your own coins,, you decide for it.. That’s your right and you can’t be wrongly blamed about it..

STT

legendary

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Quote

Looks like it's way too late to sell...

I would assume its too late to the party to join now with much expectation. Arriving here would be like a coin toss between the two possibilities, where as a good trading situation would be odds in your favour and you are just following a good trend up or down.
Here I think BTC price is very uncertain, I do think it can rise from here and probably should as there is no great negative volume but its uncertain till that happens

dinoloverpete

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In my opinion it's not a good time to sell. There is a good chance the price will stay above 6k and recover at least slightly in the near future. I'd be more inclined to sell at $5500 than at $6000 as strange as that may sound.

harizen

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Quote from: bibiqua on June 13, 2018, 03:13:17 AM

I wonder if I should sell now or hope for the bulls. Looks like it's way too late to sell...

Will you gained profits if you sell it now? If yes then consider. It's yours after all.
Will you sold yours now because you want just to accumulate more if price dip more? Then it doesn't making sense.

Again "you are hoping for the bulls" meaning you are expecting for a pump so why sell it? If you have some extra ammos there and you afford to spend extras then just buy without harming your hodl coins.

But again it's your decision. We have different approach to our coins and we have different status so just do what you think is right and reasonable.

laluna24

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So hard to decide in this trend of bitcoin because we cannot predict the value. If you will sell otherwise you will lose so usually others are having patient longer to hold their bitcoin. Also claims market is not forever stay in downtrend so I also believe it will going up.

1Referee

legendary

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If you haven't sold at higher levels, then don't bother selling at current levels.

The previous bottom has been broken through which means that we are pretty much 'guaranteed' to test $6000 this week. It might bounce right up from that point, but it could also dip briefly below $6000 if the support isn't there. The lowest bottom below $6000 is ~$5500'ish, which dates back from November of last year.

People shouldn't panic, instead, the coming months might actually prove to be an early black friday and cyber monday sale. If you hold expensive coins, use these lower levels to buy some more in order to significantly lower your overall entry point. Once the Coinbase fund starts going live, which is only a matter of months, they will suck out a large part of the circulating coin supply, so don't wait too long. If we also add the potential ETF approval of VanEck this year, things will definitely change for the better.

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