Do you believe May 2018 willbe the last time that Bitcoin price is under $10000

Piranha1

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Quote from: Robert543 on May 14, 2018, 10:32:58 AM

In a Tweet on May 3, Sherman-Founder of Bitcoin Foundation Charlie Shrem announced that this month the Bitcoin market would mark an important turning point.

May 2018 will be Bitcoin's "last time" at under $ 10,000. That was Shrem's statement, which made the digital money community flutter. From less than $ 6,500 in the first quarter of this year, BTC / USD prices rose by over 30% in April and have kept rising ever since. Previously, there was a long-term trend analysis indicating the beginning of the 'hold' phase for Bitcoin. Right from the first week of the month, we have seen one of the most obvious signs that an uptrend may begin soon. Currently, Bitcoin has been traded at $ 8,397.10 and Ethereum at $ 700.10.

With Shrem's strong statement, do you believe from June 2018, Bitcoin and Ethereum will change drastically and the value will start to increase rapidly?

This statement by Shrem might be a collaboration by the bullish prediction by Wall Street veteran Tom Lee that bitcoin will reach $25K by the end of this year. But with the recent trend i doubt that it would reach that value at the end of the year.

komrobert

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Quote from: hulla on May 25, 2018, 05:17:18 AM

Quote from: komrobert on May 24, 2018, 01:51:59 PM

Yeah, I believe in that. Not because I am totally shure about it, I am just a believer. And I believe in bright future. We all need to.

It good to be positive about something one's love but we need to be realistic sometime because there are some certain things which are inevitable and this also goes for bitcoin and all crypto currency market. Have you guys ever taught about the whales flooding the market like they do recently.

Yeah, I know. But it can not go on forever. Someday the whales will drown in their own money. Because that's not okay when one man have so big part of all BTC.

jadenunderhill

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Really, it was last time for 10 000. In fact, if we will see 8K this year it will be a miracle. 2.5-3.5 for this year and 1.8-2.5 in 2019

BitHodler

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Quote from: thecodebear on May 25, 2018, 10:35:54 AM

Right now, looking at the prevailing trend lines from this year it looks like Bitcoin won't even pass $10k until late June or sometime in July. So I think July or August is the most likely time that Bitcoin will last be under $10k.

It doesn't matter when it will happen. The only thing that matters is that it will happen, and make sure you enter the market before it happens. In other words, current levels form a great entry point.

People quite often waste a lot time waiting and wondering what will happen, but they don't realize how much of a blessing current levels are. Buy when the mass thinks the market is going down, which is right now. Tongue

Institutions like to make the mass believe that the opposite is happening, and when they don't expect it, the market will go up hard, and the same mass selling now will buy back at higher levels.

Psychological manipulation. It works really well the market has proven.

thecodebear

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Right now, looking at the prevailing trend lines from this year it looks like Bitcoin won't even pass $10k until late June or sometime in July. So I think July or August is the most likely time that Bitcoin will last be under $10k.

gabmen

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Quote from: carriebee on May 25, 2018, 07:42:42 AM

Quote from: Saddam Bin Delowar on May 24, 2018, 12:16:53 PM

No, I do not believe 2018 Bitcoin will be the last time under $10000. Bitcoin demand is increasing day by day. I think, Bitcoin will again be $20000 by the end of this year.

You have a good expectation about bitcoin price could surge this year. Actually once bitcoin demand is increasing price will also increase. I think this mid year onwards there would be a good news may happen in bitcoin nothing is certain but I am positive price will regain to high.

You're probably right but i not going to expect june or july to be the turning point. We're almost halfway through this year and that 10k resistance seem to be a really tough nut to crack and it would likely take us a bit more time before we can barge through it. In general though it's still a positive movement for me towards the last quarter

carriebee

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Quote from: Saddam Bin Delowar on May 24, 2018, 12:16:53 PM

No, I do not believe 2018 Bitcoin will be the last time under $10000. Bitcoin demand is increasing day by day. I think, Bitcoin will again be $20000 by the end of this year.

You have a good expectation about bitcoin price could surge this year. Actually once bitcoin demand is increasing price will also increase. I think this mid year onwards there would be a good news may happen in bitcoin nothing is certain but I am positive price will regain to high.

hulla

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Quote from: komrobert on May 24, 2018, 01:51:59 PM

Yeah, I believe in that. Not because I am totally shure about it, I am just a believer. And I believe in bright future. We all need to.

It good to be positive about something one's love but we need to be realistic sometime because there are some certain things which are inevitable and this also goes for bitcoin and all crypto currency market. Have you guys ever taught about the whales flooding the market like they do recently.

bocyaj

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Quote from: komrobert on May 24, 2018, 01:51:59 PM

Yeah, I believe in that. Not because I am totally shure about it, I am just a believer. And I believe in bright future. We all need to.

Yes.We have to do that.Only you have strong believe in bitcoin,inverse in bitcoin.Or else don't inverse in bitcoin.If you had invested in bitcoin with double minded,you will sell the bitcoin is some panic.Panic will occupy the fear having traders.To avoid panic,you have to hold at panic times .

komrobert

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Yeah, I believe in that. Not because I am totally shure about it, I am just a believer. And I believe in bright future. We all need to.

richardsNY

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Quote from: Aikidoka on May 24, 2018, 01:21:50 PM

I have high expectations on bitcoin and I do not think it will fail those who support it in its ups and downs.

Long term speaking Bitcoin experiences a continuous uptrend, but that uptrend is slow and boring for most of the people here. The only thing they care about is that it moons every week so they can cash out their profits. It's sad to see that the major part of the market is filled with these greedy individuals. Every video on YouTube and articles on news sites only point out how bearish the market is, while they completely ignore that fundamentally we're still going up. Technically speaking the charts indeed indicate a bearish momentum, but that's only because of the crazy all time high of last year. Without that high the market would look completely different.

Aikidoka

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I really hope it will increase. Only few people want it to drop to $600 in order to but and hold for the long term. But I have high expectations on bitcoin and I do not think it will fail those who support it in its ups and downs. Moreover, I do not trust these so-called experts and even though I believe in bitcoin, I hardly think it will increase in June and reach $10k. I know it is unpredictable, but with the current circumstances, it will be hard for it to recover.

Saddam Bin Delowar

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No, I do not believe 2018 Bitcoin will be the last time under $10000. Bitcoin demand is increasing day by day. I think, Bitcoin will again be $20000 by the end of this year.

salterious

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Nobody has a magic 8 ball, we are all guessing here. I would love to believe that, but I have heard predictions calling for mid 4ks and low 1ks. All seem just as likely as the reasons for all are solid, but I am more inclined to believe we will moon up due to my recency bias.

STT

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9 days it can double, I guess its done this previously. Doesnt matter especially as we know for sure bitcoin can be volatile and move fast, its not the most important thing compared to actual usage I think. Thats all I really care about because I think price will follow actual population growth in Bitcoin users and it'll be far more stable then random hype or estimates purely about price.

Really if price is too high without justification I get worried it actually becomes a negative more then a positive, I think higher prices need a good base built on many points and especially not just hype or expectations

dewi91

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Only 9 days left and Bitcoin price still below 9k Dollars and there are no signs that it will rise soon.

9 days is enough to bitcoin increase its value, I think its really possible to bitcoin reach more than 10k in the next month because since the begining of year until now bitcoin price is continue to increase eventhough not increase significantly but it can be signs that bitcoin will back into high price.

tableofcontents

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Quote from: Robert543 on May 14, 2018, 10:32:58 AM

In a Tweet on May 3, Sherman-Founder of Bitcoin Foundation Charlie Shrem announced that this month the Bitcoin market would mark an important turning point.

May 2018 will be Bitcoin's "last time" at under $ 10,000. That was Shrem's statement, which made the digital money community flutter. From less than $ 6,500 in the first quarter of this year, BTC / USD prices rose by over 30% in April and have kept rising ever since. Previously, there was a long-term trend analysis indicating the beginning of the 'hold' phase for Bitcoin. Right from the first week of the month, we have seen one of the most obvious signs that an uptrend may begin soon. Currently, Bitcoin has been traded at $ 8,397.10 and Ethereum at $ 700.10.

With Shrem's strong statement, do you believe from June 2018, Bitcoin and Ethereum will change drastically and the value will start to increase rapidly?

If Charlie Shrem releases that statement, there must be some trigger that the public does not know at the moment. But due to the very fact that at the moment, Bitcoin is very volatile, no one really knows. Only the future can tell what it holds for Bitcoin and everyone that has invested a lot in it. The funny thing here is that I myself am quite positive that Bitcoin will increase in price later, this is mainly my personal belief, speculation and opinion. The fact is right now, BTC has a very good chance or tendency to drop in prices by a lot. That being said, I believe in BTC Grin

loreykyutt05

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Quote from: Siren on May 17, 2018, 04:26:41 AM

Quote from: Robert543 on May 14, 2018, 10:32:58 AM

In a Tweet on May 3, Sherman-Founder of Bitcoin Foundation Charlie Shrem announced that this month the Bitcoin market would mark an important turning point.

May 2018 will be Bitcoin's "last time" at under $ 10,000. That was Shrem's statement, which made the digital money community flutter. From less than $ 6,500 in the first quarter of this year, BTC / USD prices rose by over 30% in April and have kept rising ever since. Previously, there was a long-term trend analysis indicating the beginning of the 'hold' phase for Bitcoin. Right from the first week of the month, we have seen one of the most obvious signs that an uptrend may begin soon. Currently, Bitcoin has been traded at $ 8,397.10 and Ethereum at $ 700.10.

With Shrem's strong statement, do you believe from June 2018, Bitcoin and Ethereum will change drastically and the value will start to increase rapidly?

Lol what is ''strong statement''?whats that stands for?

Lol those what they calls "analysts " are the real guilty here,because they always put falls hope by making the fools believe that prices will reach something like this and something like that.

Though the truth is they will just doing this for own interest,they are trolling the users so price will favor their ways

I agree they are forcing others to believe on their false hope , I dont know where they do get that strong statement however there is just few days left before june and bitcoin doesn't even hit 10k. I feel sorry for those people who believe on this.

HabBear

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Quote from: Robert543 on May 14, 2018, 10:32:58 AM

In a Tweet on May 3, Sherman-Founder of Bitcoin Foundation Charlie Shrem announced that this month the Bitcoin market would mark an important turning point.

May 2018 will be Bitcoin's "last time" at under $ 10,000. That was Shrem's statement, which made the digital money community flutter. From less than $ 6,500 in the first quarter of this year, BTC / USD prices rose by over 30% in April and have kept rising ever since. Previously, there was a long-term trend analysis indicating the beginning of the 'hold' phase for Bitcoin. Right from the first week of the month, we have seen one of the most obvious signs that an uptrend may begin soon. Currently, Bitcoin has been traded at $ 8,397.10 and Ethereum at $ 700.10.

With Shrem's strong statement, do you believe from June 2018, Bitcoin and Ethereum will change drastically and the value will start to increase rapidly?

I think Shrem is about to join a very select and elite group of people - the people that make wild price predictions or claims without logic or facts or rationale, are proven wrong, and are thought of as jokes in the community forever thereafter. He'll join the ranks of Craig Wright, Roger Ver, and Tom Lee...it's impressive how quickly these people have ruined their reputations!

With 11 days left, I can nearly guarantee you that Bitcoin will not exceed $10,000 and never look back in that time frame. Everyone here would love it, but it's just not going to happen.

What Shrem is trying to do is to generate a buying spree based on his comments. He's arrogant. He thinks his reputation is so strong that his mere words can drive the market. He's a foolish kid.

By the way, what's a "Sherman-Founder"?

Febo

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Only 11 days of May left. He might be wrong even before June start. I bet he will say his Twitter was hacked. LOL

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