Do you believe May 2018 willbe the last time that Bitcoin price is under $10000 - page 2.

Siren

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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?

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

timerland

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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 don't buy it at all.

I think that he is completely ignoring the possibility that bitcoin may, and probably will, experience future bear markets that will take prices down unexpectedly to low levels. It simply makes no sense to guarantee bitcoin is going to stay above $10k for eternity, when we can't predict what goes on in future bear markets in which the extent of the crash may be much bigger.

Plus, with the correction that just came, it'll be hard for bitcoin to even get above $10k this month with respect to the lower levels that we are currently at, and the strong barrier of $10k. As I said, I don't see this prediction being realistic or even a serious one.

pealr12

hero member

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Yes ,i do believe that this month is the last time we will see bitcoin under 10,000$, maybe the ongoing consensus will attract investors and newly comers will enter the world of crypto.

Slark

legendary

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There is nothing special about May - it won't be a barrier or something which will prevent the price of BTC from crumbling down.
I expect that if we will hear about some sort negative news, FUD or another bitcoin restriction price might as well hit ~$6k~

Supercrypt

legendary

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There is really no way we can really as all that is simply speculation. On what basis is this going to happen and even if it does, how can we get to know what the future really holds for bitcoin as we could still come back down even if we get to hit above $10k in coming days but the thing I know is that when we see the trend, we will follow it and that is all that matters and enough of all the unnecessary and baseless speculations, no matter who is giving them.

I must agree with OP as I too believe this year and in more particularly this quarter must the be only chance to buy bitcoins for less than $10 prices. I may go wrong here as only this month May may have bitcoin prices levels less than $10k.

whirlcoin

full member

Activity: 602

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Quote from: gabmen on May 16, 2018, 03:54:49 AM

Quote from: Capt00 on May 15, 2018, 06:57:21 PM

I may not thinking of that cause price fluctuations happen every time. The only possible thing happens are going beyond $10k or going down. We know how market volatility getting strong and it seems to be hard to speculate price at this time.

And it's foolish to think about such certainty with any crypto coin. Bitcoin still has a lot of room for growth and that also includes drops and "crashes" that may very well be below 10k in the coming months.

Yes the price may dumo again even after the May if the market condition is not favour of them.There are many reasons influencing the bitcoin prices and most likely the regulation from the governments affect the mindset of bitcoin investors.Recently there is news that Zimbabwe banned the cryptos that maybe the reason for the current crash.

bitcad4u

sr. member

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Merit: 255

I was not sure about this.Bitcoin is the decentralized currency,so anything will happen in anytime.You can't say,bitcoin will not reduce lower than 10,000$ after this month.When the price of bitcoin reach 19,000$,I had thought the price will cross 25k$ by the end of March.But what happened in the bitcoin?
It change to reverse of value.

monalia

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Most of the experts are said this month only is fluctuating in Bitcoin next month it will going to peak. I hope Bitcoin is always successful platform in crypto platform so it raise constantly in future. But recently all the coins are moving backward so peoples are panic to invest in Bitcoin. This is not a continuous drop so it will not affect the Bitcoin reputation and this will reach 10k USD in end of the month.

crypto002

jr. member

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Quote from: mk4 on May 14, 2018, 10:47:32 AM

People are also saying that we're off to a bull market soon due to consensus 2018(May 14-16), as price increases occured some time after the past consensus events. Though not because it happened in the past, it doesn't automatically mean it's going to happen again this year.

Well yes it may not going happen again this year but you have to do notice that there were many people attending this year its almost 8000 people attended the event and the ticket price was almost 2000 to 3000 dollar and they were big investor attending it.
So my believe it will increase the price of bitcoin. You cant deny those things which may help to increase the price of bitcoin

nl247

full member

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Ok! We have heard, but the fact is that only time can tell and not what someone, whoever he may be, thinks it is going to be. Market is volatile and unexpected things can always happen and for someone baselessly assuming that the market will perform in a certain way at a particular point in time is just not reasonable.

We may get to see this and it could go the other way, but the best is just to accept whatever comes and if you are an investor, worry yourself less or do not give yourself too much short term hope based on some speculations and just look forward to the future. As far as I am concerned, there is definitely no analysis to back up what he has said and that pretty much makes it suck.

gabmen

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Quote from: Capt00 on May 15, 2018, 06:57:21 PM

I may not thinking of that cause price fluctuations happen every time. The only possible thing happens are going beyond $10k or going down. We know how market volatility getting strong and it seems to be hard to speculate price at this time.

And it's foolish to think about such certainty with any crypto coin. Bitcoin still has a lot of room for growth and that also includes drops and "crashes" that may very well be below 10k in the coming months.

vickybitcoin

newbie

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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 are all predictions no one can say for sure what will really happened with bitcoin price in the coming months. Many were speculative that May the price will reach to 15k but it did not happened. Everything is possible though so we keep an open mind and stay positive!

Capt00

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I may not thinking of that cause price fluctuations happen every time. The only possible thing happens are going beyond $10k or going down. We know how market volatility getting strong and it seems to be hard to speculate price at this time.

Barbut

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★Bitvest.io★ Play Plinko or Invest!

I`m not buying this one. Price is so unpredictable that I don`t trust in any prediction about any price. Market is moving up slowly, some of the big things will happen but when and how is impossible to predict. My opinion is that we will stay where we are now for a while, crossing 10,000$ will need to wait for couple months minimum.
Even if we cross 10,000$ nobody can guarantee that we will stay there, turbulent times for bitcoin and crypto market that have a lot of red days this year, lets get out from this storm and then we will talk about new bottom at 5 digits price.

magneto

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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?

Bitcoin could stay under $10k for a long time, as it has for a few months now.

There are absolutely no guarantees as to if next month all of a sudden we will go into a period of full on bullishness, and people get hyped up. In fact, $10k has demonstrated to be quite strong as a resistance level. It'll be hard to even break that $10k level to begin with within 1 month, let alone act as support for the rest of BTC's lifespan.

As much as I'm a bitcoin bull in the long run, I don't think that there are any reason ta say that bitcoin can't dip below $10k again during a period of bear market. That's just an absurd proposition to make right now, imho.

omonuyak

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If may 2018 is the last time we would see bitcoin at $10,000 and below I will be really happy as this is must expected and some investors that buy bitcoin at $10,000 and above will have opportunities to sell there holding. Many of us that has good interest in cryptocurrencies has the desire to see bitcoin above $10,000. However with the way this market behave it is still possible for bitcoin to grow to $30,000 and still fall below $10,000.

naidray

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Quote from: wdelius on May 14, 2018, 10:34:18 AM

Probably not. I think it could hit it again later in the year.

No one knows anything for sure and whether it will or not, it is something that only time can actually get to tell us.

Hopefully with the way things are, if we are able to see some forward momentum, let's see how that will end up playing out in coming days but for what it is worth, we have always known May and June to usual be the period when the market normally gets green and if sherman is basing his speculation on that, we will get to see but nonetheless, we cannot always use the past to judge the future.

magisterr

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I BTC (and all other crypto) will rise up to 15-20 in near time. I watching fighting now between dumpers (who want to buy cheap crypto) and people who buying and believe in huge growing. So only one way - up...

thecodebear

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I think April or possibly this month if there is another brief dip is probably the last time we will ever see prices in the 7000s.
June is probably the last time we'll see 8000s.
July is probably the last time we'll see under $10k.

faatipoke

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Token That Will Transform The Venture Capital Mark

Yes, we have 15 days left until the end of May and price is still under 10000 usd. But I believe that 10k will be the bottom after June 2018, corrections will continue but 10k will be a dream in the future just like 1k usd

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