Topic: Current BTC price below 8K (Read 2359 times)
I cannot believe when I wrote this it was below 8K and we were sad it had low value. Now it is back up to 3400 and we are happy.
Even if bitcoin's market price is below 8,000$ for a couple of months now, at least, it stayed in the 6,000$ mark. But once it will break the 7,000$ mark anytime soon, then it is also possible that it will continue to rise and break some high price marks. I was even surprised today that bitcoin almost hits 7,000$ in just several hours.
Price depends upon demand and investment capital. If more and more people invest their money in bitcoin the price will go up otherwise it will definitely fall. In these days the market is red because of no demand for bitcoin or very demand. It is not enough for growth in the price. But I am sure gradually people will be back to bitcoin and the price will rise again.
The price seems to be stabalizes along the $6k mark in the last couple of months isn't it? So I don't think that we have seen in reduced or something to that effect. As for the holders, well they're going to a lot of emotional turmoil but as we have said, the strong hands really won at the end so there's no need for holders to panic and simply dump their stash and take a lost.
Holders most likely are not affected by the news though, they're very intelligent and they know that the market will bounce back in the next couple of years. So holders are not just brave but very smart as well.
Long term holders of bitcoin require a set of characteristics that makes them unique in my opinion, who is able to hold an asset that crashes about 70% from its highest price and do it without any worry at all? Only those that are completely convinced about the future of the technology and care about its development, everyone else that sold their coins in panic and lost so much money were here only for the money or were not really convinced about the future of bitcoin.Holders most likely are not affected by the news though, they're very intelligent and they know that the market will bounce back in the next couple of years. So holders are not just brave but very smart as well.
So not only you require to be very smart to not be affected negatively by the news you also need to have a very strong will to resist holding your coins for so long without having adverse effects to your health.
Even if bitcoin's market price is below 8,000$ for a couple of months now, at least, it stayed in the 6,000$ mark. But once it will break the 7,000$ mark anytime soon, then it is also possible that it will continue to rise and break some high price marks. I was even surprised today that bitcoin almost hits 7,000$ in just several hours.
Price depends upon demand and investment capital. If more and more people invest their money in bitcoin the price will go up otherwise it will definitely fall. In these days the market is red because of no demand for bitcoin or very demand. It is not enough for growth in the price. But I am sure gradually people will be back to bitcoin and the price will rise again.
Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?
Maybe so, this's evident from the number of user responses to ETFs which are increasing in number and rising being 10 times than before. And, this allows bitcoin users to choose silence without doing anything and waiting for the SEC's positive decision on the ETF.
Yes .The price of bitcoin is reduced a lot in a couple of days.Now the price of bitcoin is reduced below 7000$.If you brought at 8000$,just hold your bitcoin till it reaches greater than that value.Bitcoin holder should be a brave person to face the all the dump in bitcoin price.
The price seems to be stabalizes along the $6k mark in the last couple of months isn't it? So I don't think that we have seen in reduced or something to that effect. As for the holders, well they're going to a lot of emotional turmoil but as we have said, the strong hands really won at the end so there's no need for holders to panic and simply dump their stash and take a lost.
Holders most likely are not affected by the news though, they're very intelligent and they know that the market will bounce back in the next couple of years. So holders are not just brave but very smart as well.
A second ETF application was rejected further and the market reacted more to it than the first...
BEcause many of people around crypo community are relying on that ETF thats why when denial happens,market shakes alot Why not concentrate in the market value and not for this ETF that’s impossible to happen,theres no assurance and may not happen forever
But if the price happens to go up because there is a breakthrough and bitcoin is improved then that growth is never going to disappear and it will never be reversed by any decision of the governments around the world.
All possibilities should be considered right now, because as bitcoin built its momentum while administered a much better community we tend to become more mature enough to analyzed a good price to show up. Never give up while the price played around $6.4K and someday you might be shocked we will surpass every challenges which we didn't expect to happen. So far the market remained neutral, minimal fluctuations stayed fair as for my observations.
Yes .The price of bitcoin is reduced a lot in a couple of days.Now the price of bitcoin is reduced below 7000$.If you brought at 8000$,just hold your bitcoin till it reaches greater than that value.Bitcoin holder should be a brave person to face the all the dump in bitcoin price.
Reason behind current situation is unknown and this is the way crypto functions. It’s the nature of crypto currencies. I am sure this should be a final fall of this year. We have been seeing a constant steady growth in past weeks. And lets look at this positive progress. The price does not go below certain threshold and it this trend keeps Bitcoin holders more vibrant and confident. Lets just relax and wait for a growth down the line. Fluctuations are normal with crypto and lets not worry too much on it.
Even if bitcoin's market price is below 8,000$ for a couple of months now, at least, it stayed in the 6,000$ mark. But once it will break the 7,000$ mark anytime soon, then it is also possible that it will continue to rise and break some high price marks. I was even surprised today that bitcoin almost hits 7,000$ in just several hours.
Price depends upon demand and investment capital. If more and more people invest their money in bitcoin the price will go up otherwise it will definitely fall. In these days the market is red because of no demand for bitcoin or very demand. It is not enough for growth in the price. But I am sure gradually people will be back to bitcoin and the price will rise again.Also we need people to forget somewhat about the recent all time high, everyone is holding their coins because they are expecting the all time high to present itself again or to be surpassed and this is decreasing the circulation of bitcoin which is not something good for a currency.
Not really a big concern for me whether bitcoin's price goes below 8,000$ as long as my belief is still positive regarding the coming bull run, then that's all that it matters. Bitcoin not moving so well this time can make a sudden push and break the 7,000$ resistance which will be a sign of a bull run.
Even if bitcoin's market price is below 8,000$ for a couple of months now, at least, it stayed in the 6,000$ mark. But once it will break the 7,000$ mark anytime soon, then it is also possible that it will continue to rise and break some high price marks. I was even surprised today that bitcoin almost hits 7,000$ in just several hours.
Price depends upon demand and investment capital. If more and more people invest their money in bitcoin the price will go up otherwise it will definitely fall. In these days the market is red because of no demand for bitcoin or very demand. It is not enough for growth in the price. But I am sure gradually people will be back to bitcoin and the price will rise again.
It will remain below $8k because there are no more high investments and when there are low demands from the people all over the world the price will never go up. It needs more and more investment then the price will go up. Therefore we all need to promote bitcoin in our local communities and also on different media platforms to increase the value of it instead of just asking questions.
The largest investments are not the most important thing for Bitcoin. BIT by its nature implies we are dealing with sections of a COIN, this is the smallest business not the largest. To do well this network needs to develop its smallest customers transactions and so accumulate many within its population.
A big bank will switch to whatever market pays its fees, they dont have as much loyalty as ordinary people who will keep on with something useful and simple for them to utilise
The price made a series of higher low prices since that graph I posted, its possible it can break past the 6500 objective and even goto the 200 day moving average
The market is really sensitive to these ETF news now, so the current price moves shouldn't be surprising. The media have convinced noobs that we'll have a new bull run this year fueled by ETF approval, so speculators are selling every time an ETF gets rejected. I'm going to trade with small amounts just for fun and to test my skills, so far I've sold a bit at $8,300 and planning to rebuy at below $7,000.
So, plan short-term profit trading could be safe option for now, isn't. With price now below $8k, many people should be ready to take buy position before price bounce back, ETH affect always being media consumption that makes market react fast.you mean ETF not ETH!
and i don't know there is still a chance that by the deadline of this hyped up ETF we see a drop and up until that point we may see a lot of different things inclucing a big rise.
if you aren't already in then maybe it is best to wait because this is one of those times when market is mostly unpredictable.
LOL
We should not only depend on ETFs because we don't know exactly the intentions of the people behind them.
Right, waiting is better than selling. But by buying, it might be even better if combined with waiting, because this strategy is an absolute strategy which can increase the growth of bitcoin prices.
Even if bitcoin's market price is below 8,000$ for a couple of months now, at least, it stayed in the 6,000$ mark. But once it will break the 7,000$ mark anytime soon, then it is also possible that it will continue to rise and break some high price marks. I was even surprised today that bitcoin almost hits 7,000$ in just several hours.
Price depends upon demand and investment capital. If more and more people invest their money in bitcoin the price will go up otherwise it will definitely fall. In these days the market is red because of no demand for bitcoin or very demand. It is not enough for growth in the price. But I am sure gradually people will be back to bitcoin and the price will rise again. A second ETF application was rejected further and the market reacted more to it than the first...
BEcause many of people around crypo community are relying on that ETF thats why when denial happens,market shakes alot Why not concentrate in the market value and not for this ETF that’s impossible to happen,theres no assurance and may not happen forever
But if the price happens to go up because there is a breakthrough and bitcoin is improved then that growth is never going to disappear and it will never be reversed by any decision of the governments around the world.
All possibilities should be considered right now, because as bitcoin built its momentum while administered a much better community we tend to become more mature enough to analyzed a good price to show up. Never give up while the price played around $6.4K and someday you might be shocked we will surpass every challenges which we didn't expect to happen. So far the market remained neutral, minimal fluctuations stayed fair as for my observations.
Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?
The issues of ETF has been the reason since 2017 why bitcoin get dumped time to time. I believe this ETF will be achieved one day and the price is going to get pump accordingly. Bitcoin 's price below $8,000 is not a mush problem for traders especially those that are taking advantage of the current bearish market in other to buy bitcoin at cheap price. I believe also that bitcoin below $8,000 is a preparations for bull run. A second ETF application was rejected further and the market reacted more to it than the first...
BEcause many of people around crypo community are relying on that ETF thats why when denial happens,market shakes alot Why not concentrate in the market value and not for this ETF that’s impossible to happen,theres no assurance and may not happen forever
But if the price happens to go up because there is a breakthrough and bitcoin is improved then that growth is never going to disappear and it will never be reversed by any decision of the governments around the world.
Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.
Its broken out of a triangle down to support and then is rising from that support. I'm told 6600 is a good target for that bounce but overall I wanted a break upwards not this reset and rewind which overall is not gaining anything overall. Here is a chart showing that support line -
Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?
Its keep average going down because the bearish market is still in effect that most of the experts said that we are still in the middle of it and ETF has nothing to do with this but hopefully the price will bounce back soon as we are already in the 4th Quarter of this year in which most of the famous experts believed that a bull run will happen before next year so lets wait and see.
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