Topic: Do you believe May 2018 willbe the last time that Bitcoin price is under $10000 - page 3. (Read 601 times)
May 15, 2018, 07:45:34 AM
I always believe it will all happen in the world of cryptocurrency, specifically on bitcoin and ethereum. why i believe it? because, given that many new people continue to come into the world of cryptocurrency, that means it signifies positive news and people start believing in the world of cryptocurrency, less supply and more and more demand will cause the price to rise again at its peak.
May 15, 2018, 07:44:57 AM
Sounds like fake news for me 'cause to be honest as long there are some big companies or investors always jump on bitcoin to gain more profits it's impossible that the price will not reach or surpass 10k value again 'cause it depends on the demand and supply from the market and no one can stop its limit. So in my view maybe this news is from those people who want to manipulate the price because of being have no sufficient capital to buy the current value of bitcoin. What i mean they're spreading false news to create a panic selling until the price collapse. But its always up to us if we trust on that kind of stuff easily , but i suggest to make some research first before jumping on that kind of news which is to ensure as well if its a bluff or a fact to prevent regrets and to answer all of our doubts .
May 15, 2018, 06:27:48 AM
If it won't be heading to 10000$ in next 2 days after Consensus summit, then I think we're about to wait for this mark longer. I'm sure it can't fall lower than $5k this year, but under $10 - easily
May 15, 2018, 06:26:28 AM
It does not matter whether it's last or not. But still there will be a decrease increase and that's what makes people experience profit and loss, it is a common thing that will be used trader to play strategy. Otherwise, people will leave crypto.
May 15, 2018, 05:10:28 AM
Between believing and disbelief, for me personally., I'm more inclined to believe that such, but however all do not ensure that the prediction or statement is really true, it will still be influenced by many other influences.
So time will be answering it about it in facts, just keep on eyes about the price movements and which obviously it still give our chance for trading/investing.
So time will be answering it about it in facts, just keep on eyes about the price movements and which obviously it still give our chance for trading/investing.
May 15, 2018, 04:11:08 AM
Maybe not $10.000 but something over $9.000 for sure, even tho I've said before I've had a huge feeling that there will be a spike in price mid may. Also, comparing to the past year(s), it might be possible to start going up steadily.
We are now on a reset, so it's much better to take small steps and target $9K first and see if it's gonna hold or the price stabilizes before attempting again the $10K mark. There's one good positive news though, we are still in the Blockchain consensus week so probably another reason why the price has recovered following the down trend, but I don't think that it is enough to push the price to $10K again.Absolutely, that's why I always say that I'd rather have a stable price than one that goes from $10.000 to $8.000 in a few hours.
That's a maybe, since the price is orbiting $8.500 there's not much to push it, at least, over the $9.000 limit.
Well it cannot go below $8000 if whales hold on to coins but we need to look at the negative side of it as well if whales plan to cashout all at once then it would be disastrous for sure.
May 15, 2018, 03:41:36 AM
Maybe not $10.000 but something over $9.000 for sure, even tho I've said before I've had a huge feeling that there will be a spike in price mid may. Also, comparing to the past year(s), it might be possible to start going up steadily.
We are now on a reset, so it's much better to take small steps and target $9K first and see if it's gonna hold or the price stabilizes before attempting again the $10K mark. There's one good positive news though, we are still in the Blockchain consensus week so probably another reason why the price has recovered following the down trend, but I don't think that it is enough to push the price to $10K again.Absolutely, that's why I always say that I'd rather have a stable price than one that goes from $10.000 to $8.000 in a few hours.
That's a maybe, since the price is orbiting $8.500 there's not much to push it, at least, over the $9.000 limit.
May 15, 2018, 03:32:02 AM
Maybe not $10.000 but something over $9.000 for sure, even tho I've said before I've had a huge feeling that there will be a spike in price mid may. Also, comparing to the past year(s), it might be possible to start going up steadily.
We are now on a reset, so it's much better to take small steps and target $9K first and see if it's gonna hold or the price stabilizes before attempting again the $10K mark. There's one good positive news though, we are still in the Blockchain consensus week so probably another reason why the price has recovered following the down trend, but I don't think that it is enough to push the price to $10K again.Absolutely, that's why I always say that I'd rather have a stable price than one that goes from $10.000 to $8.000 in a few hours.
That's a maybe, since the price is orbiting $8.500 there's not much to push it, at least, over the $9.000 limit.
May 14, 2018, 11:31:47 PM
May 2018 will be Bitcoin's "last time" at under $ 10,000. That was Shrem's statement, which made the digital money community flutter.
Shrem is certainly no trader or technical analyst, and he isn't known for making accurate price forecasts. I agree with him in a very broad sense on a longer timeline, but I think he's straight up wrong here. I agree, but I have to admit that it made me laugh reading his prediction. We should understand though where he is coming from, I'm pretty sure he has vested interest on crypto that's why he is very bullish but most of time this kind of prediction really gives me a good chuckle.
These "BTC will never go below $x" statements should be made early into bullish/bubble markets, not during bear markets....
If anything, these kinds of statements make me more bearish for 2018. I still think we could be in the middle of a big bull trap.
If anything, these kinds of statements make me more bearish for 2018. I still think we could be in the middle of a big bull trap.
We have heard this kind of prediction in the past, specially after riding all-time-highs last December. Everyone was shouting that bitcoin will never go below 4 digit mark. But what happened? The bears took over the market and since then we have been struggling to get to $10000.
May 14, 2018, 07:31:25 PM
I believe bitcoin will hit again 10,000 because decreasing price is normal everycoin dumping price and because the price decreasing they have many people are interest to buy not today but for sure soon they get only sign to buy more bitcoin. We need to wait and we will see again the price become like that and maybe more than 10k dollars.
May 14, 2018, 07:11:42 PM
And how exactly Shrem calculated that? It is rather silly for people to believe that if someone said so then BTC will forever stay above $10k
For this scenario to happen we need strong support, good market sentiment, bullish view and clear forecast - no one at this point can guarantee that.
For this scenario to happen we need strong support, good market sentiment, bullish view and clear forecast - no one at this point can guarantee that.
Yeah, that's what I was saying. This mindset works when you're in a bull market that's starting to go parabolic. Not in a sideways/bear market. I remember in early 2017, zoinky (an old timer from around here) predicted we were crossing $1,000 for the last time ever. I think he'll be right. I think Shrem will be wrong.
But still, Shrem's prediction is far more believable than McAfee's statement that we will have the price of 1kk USD for 1 BTC in 2020...
I disagree. McAfee's forecast has over 2.5 years left to play out, and based on the historical logarithmic growth trend, it's not even that crazy. It probably just depends how crazy the short term hype gets around the next halving. Shrem's call is a hail mary because we haven't even established a bull market on the 1-day or 1-week charts, and there's only 2 weeks left in May.
May 14, 2018, 06:54:22 PM
And how exactly Shrem calculated that? It is rather silly for people to believe that if someone said so then BTC will forever stay above $10k
For this scenario to happen we need strong support, good market sentiment, bullish view and clear forecast - no one at this point can guarantee that.
But still, Shrem's prediction is far more believable than McAfee's statement that we will have the price of 1kk USD for 1 BTC in 2020...
For this scenario to happen we need strong support, good market sentiment, bullish view and clear forecast - no one at this point can guarantee that.
But still, Shrem's prediction is far more believable than McAfee's statement that we will have the price of 1kk USD for 1 BTC in 2020...
May 14, 2018, 06:36:37 PM
May 2018 will be Bitcoin's "last time" at under $ 10,000. That was Shrem's statement, which made the digital money community flutter.
Shrem is certainly no trader or technical analyst, and he isn't known for making accurate price forecasts. I agree with him in a very broad sense on a longer timeline, but I think he's straight up wrong here. These "BTC will never go below $x" statements should be made early into bullish/bubble markets, not during bear markets....
If anything, these kinds of statements make me more bearish for 2018. I still think we could be in the middle of a big bull trap.
May 14, 2018, 05:59:38 PM
Maybe not $10.000 but something over $9.000 for sure, even tho I've said before I've had a huge feeling that there will be a spike in price mid may. Also, comparing to the past year(s), it might be possible to start going up steadily.
Yes, its possible that we can get over $9K before the end of May. Although we made a break out about 2 weeks ago, when the price suddenly pump to almost $10K, but its just artificial and then a lot of negativity coming from Warren Buffett and Bill Gates + Mt. Gox trustee dumping again causing the price to go below $9K.
We are now on a reset, so it's much better to take small steps and target $9K first and see if it's gonna hold or the price stabilizes before attempting again the $10K mark. There's one good positive news though, we are still in the Blockchain consensus week so probably another reason why the price has recovered following the down trend, but I don't think that it is enough to push the price to $10K again.
May 14, 2018, 05:48:21 PM
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.
He does not show anything concrete that supports his words, so that these are words without weight
May 2018 will be Bitcoin's "last time" at under $ 10,000.
we are in the middle of May and the price is struggling to stay above $9000, so I find it very difficult for this forecast to take place, there is a lot of pressure from governments in every corner of the world, daily we hear from governments taking hard measures against bitcoin and against exchange so we will not expect the price to rise much like in the past, we have to really worry about the fact that these governments take tough stances against bitcoin. it would be nice if he would provide us with some basis to support his prediction so that we would have more data to comment on and avoid guessing
May 14, 2018, 04:46:07 PM
Maybe not $10.000 but something over $9.000 for sure, even tho I've said before I've had a huge feeling that there will be a spike in price mid may. Also, comparing to the past year(s), it might be possible to start going up steadily.
May 14, 2018, 04:37:21 PM
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?
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?
June is just about 16 days away and we will see what is really going on whether this is just one of those speculations or he is actually someone who knows what he is predicting but really I don't see anything special in what is being paraded as predictions here and there. Price increasing, yes I believe that would happen but rapidly is not what I would subscribe to because it would cause more harm than good no matter how we want to look at it. A rapid increase would only cause unnecessary noise with various unwarranted comments from unwarranted people but a gradual increase with solidified base is what is needed at this time.
May 14, 2018, 03:41:14 PM
The more people expect something or state ideas like that, the less likely I think it is. I imagine we'd have a strong rise upwards mostly just after people had been especially bearish and it was a surprise. Looking back we'd notice this fact, this was the last time it was 4 figures and it'd just be a small foot note lost in the rush upwards.
Bill gates is big business, he has no need for BTC. Isolate him out somewhere on a farm without any banking access or support from the dollar like he has received all his life. See if he sees any benefit to BTC then but nothing in his perspective really gains from the growth crypto that could benefit participants.
I will be more optimistic on BTC when it regains a longer term trend upwards or at least is above 200 day average. Its bobbing along, cant predict it for sure at the moment
Bill gates is big business, he has no need for BTC. Isolate him out somewhere on a farm without any banking access or support from the dollar like he has received all his life. See if he sees any benefit to BTC then but nothing in his perspective really gains from the growth crypto that could benefit participants.
I will be more optimistic on BTC when it regains a longer term trend upwards or at least is above 200 day average. Its bobbing along, cant predict it for sure at the moment
May 14, 2018, 03:37:10 PM
There is no chance to be the last time. Bitcoin is volatile and always will be and that means that the price fluctuates in both ways, up and down. It can't be said that this is the last time this year and absolutely not in general.
And there is no guarantee that the price will cross 10000$ soon, it might happen that we stay around 9000$ for a while.
Everyone get spoiled with the extremly high prices from the end of the last year but we can't know when and if ever this will happen again.
And there is no guarantee that the price will cross 10000$ soon, it might happen that we stay around 9000$ for a while.
Everyone get spoiled with the extremly high prices from the end of the last year but we can't know when and if ever this will happen again.
May 14, 2018, 03:12:58 PM
Charlie is a nice guy. But he can not know this.
So the next time we cross $10k, it may be the last time we've seen 4 digits. However it's also very likely that we see prices below $10k a few more times.
I myself will be convinced never to see $10k again when we have crossed the $100k!! Until then I remain skeptic. Bitcoin is a wild and volatile beast. We all know this. And 70-80% drops are still not unusual for Bitcoin as we've seen this first quarter of 2018.
So the next time we cross $10k, it may be the last time we've seen 4 digits. However it's also very likely that we see prices below $10k a few more times.
I myself will be convinced never to see $10k again when we have crossed the $100k!! Until then I remain skeptic. Bitcoin is a wild and volatile beast. We all know this. And 70-80% drops are still not unusual for Bitcoin as we've seen this first quarter of 2018.
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