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

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

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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

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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

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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

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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

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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

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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

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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

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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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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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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

Fuhre

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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.

Ararbermas

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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 .

pentix

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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

noorman0

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[Nope]No hype delivers more than hope

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.

denny27

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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.

syberwolfen

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Quote from: joshy23 on May 15, 2018, 02:41:36 AM

Quote from: Tyrantt on May 15, 2018, 02:32:02 AM

Quote from: Jating on May 14, 2018, 04:59:38 PM

Quote from: Tyrantt on May 14, 2018, 03:46:07 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.

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.

If this will continue doing back and forth it will be hard for this investment to grow a little more, for sure short traders are enjoying the ride as they can easily sell when they already gain a little then buy it back again when the price start to dumped, we should be more familiar in what types of strategy to use when we are dealing with bitcoin, time will come when the price will be huge again after the whales holds their coins.

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.

joshy23

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Quote from: Tyrantt on May 15, 2018, 02:32:02 AM

Quote from: Jating on May 14, 2018, 04:59:38 PM

Quote from: Tyrantt on May 14, 2018, 03:46:07 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.

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.

If this will continue doing back and forth it will be hard for this investment to grow a little more, for sure short traders are enjoying the ride as they can easily sell when they already gain a little then buy it back again when the price start to dumped, we should be more familiar in what types of strategy to use when we are dealing with bitcoin, time will come when the price will be huge again after the whales holds their coins.

Tyrantt

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Quote from: Jating on May 14, 2018, 04:59:38 PM

Quote from: Tyrantt on May 14, 2018, 03:46:07 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.

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.

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Quote from: exstasie on May 14, 2018, 05:36:37 PM

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

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.

Quote from: exstasie on May 14, 2018, 05:36:37 PM

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.

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.

bitcoin31

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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.

exstasie

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Quote from: Hazir on May 14, 2018, 05:54:22 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.

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.

Quote from: Hazir on May 14, 2018, 05:54:22 PM

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.

Hazir

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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...

exstasie

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

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.

Jating

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Quote from: Tyrantt on May 14, 2018, 03:46:07 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.

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.

Slow death

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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.

He does not show anything concrete that supports his words, so that these are words without weight

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

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

Tyrantt

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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.

audaciousbeing

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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?

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.

STT

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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

bitbunnny

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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.

Denker

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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.

tomahawk9

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Very unlikely. I think we're still very far away from even reaching 10k, we might see 10k in late June or July once the market gets rid of the bearish sentiment and we start recovering towards new highs (preferably, the 5-figure mark).

Then again, anything can happen, the price went up today from 8300 to 8700 in a few minutes so, if this becomes a trend in the following weeks, we might see 10k very soon (though, I'd rather see a slow recovery and consolidation around the 9k's than a sudden spike to 10k)

Quote from: DavidUS on May 14, 2018, 11:16:07 AM

Bill Gates said he would not support it because it would someday evaporate.

Bill gates is against Bitcoin. Didn't he say a few months ago that "cryptocurrencies caused death in a direct way"?. The guy just doesn't like cryptos, don't pay attention to him.

mike4001

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Let's get to 9k first

then 9,5k and then look if we break 10k this year ...

Febo

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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?

He showed total noobishness. You just cant ever say bitcoin will not go under this and that number. Cos it always went so far.

As your question OP, Bitcoin can be under $10000 already on June 1st. And I give more then 50% chance for that.

liuqi

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Quote from: DavidUS on May 14, 2018, 11:16:07 AM

Bill Gates said he would not support it because it would someday evaporate.

Bill gates is not a expert in crypto strategy so we don't consider the negative feedback you should analyse your own then only understand the Bitcoin potential.
But many peoples are blindly misunderstanding to cryptocurrency so don't consider the anyone thought.

thecodebear

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No not this month. I think Bitcoin might not even get over $10k until early June. And there will probably be a correction sometime a bit later that briefly takes Bitcoin under $10k. So I'd say July will be the last time we'll ever see sub-$10k Bitcoin.

Javi_Anibarro

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Quote from: ?? on ??

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.

do you even read the context or what ?

truth to be told if we are talking about the 'possibility',i believe it has a possibility to reach below $10.000 this year also at the same time it has not.
many speculation popped out regarding this matter,
but personally i think it would be nice it this month is the last time we are seeing Bitcoin under $10.000,
based on our history whenever we are doing this event Bitcoin price always got pumped by people and along with that the price kept increasing from day to day until it broke its ATH.

hadveach

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I'm not sure, but if we predict from market conditions, I also see the correction will end in July, so bitcoin will rise again after that. and bull market will be coming

because the negative factors can come suddenly and make the bitcoin fall again. I am afraid it will happen again because the condition of bitcoin has not fully recovered.

JosephJole

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Quote from: RichardTall on May 14, 2018, 11:16:36 AM

There are many forecasts from the beginning of 2018 to now and I believe that BTC will raise prices again

Can not believe, only hope in June will have positive changes

RichardTall

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There are many forecasts from the beginning of 2018 to now and I believe that BTC will raise prices again

DavidUS

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Bill Gates said he would not support it because it would someday evaporate.

MargaretBlack

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I believe Bitcoin will increase rapidly in the near future.

SUDARMONO

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With such a statement I strongly believe that bitcoin will soon rise in June tomorrow, and I'm sure it will go smoothly and everyone will be happy.

EugeneReigns

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Don't believe that. Cryptocurrency is very volatile by its nature and is very vulnerable before any negative news, sayings, and moves of the "whales".
Some influential person said that but nothing is behind those words. He doesn't control the market himself. Frankly speaking, as practice shows, these kinds of statements often are used to make people calm down, start investing and buying cryptos. Because after them, often follows a big wave of correction. Consequently, a lot of "weak" traders start panic-sell and lose their money. But "the whales" become richer. Be very careful when you hear such news.

mk4

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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.

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

Robert543

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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?

Topic: Do you believe May 2018 willbe the last time that Bitcoin price is under $10000 (Read 619 times)