Before the Binance rumored hack, Bitcoin price charts were showing the bullish movement. Many of the traders went for Bitcoin longs. But because of the recent API manipulation, there was a rumor of Binance hack which by the volume is the biggest exchange. Thus, such a drop was expected. But since it was just a rumor, price should jump back and also there is a bullish sentiment in the market as well. I don't think price is going anytime soon back to $6k level.
The price went down once again because there is a great amount of bitcoins being sold in the market right now if there is a bigger supply and the demand is not growing then this means the price will go down in that is exactly what happened but it seems it has finally stopped and if this is true then we could go back to the previous prices. 
Topic: do you think bitcoin will go back to 6000? should i sell now? - page 2. (Read 1088 times)
To 6K? Give it a few weeks.
I do not think that bitcoin should go down to such a price, let it drop in prices, but after a while it gradually grows up
That's pretty hard to tell because cryptocurrencies are unpredictable and things can happen anytime of the day due to its volatility of its value. For now, just enjoy the small pump of bitcoin and if you also buy during the dip, then that'll be a winner move.
Definitely, and we already know this kind of stuff and in reality we tend to react negatively if btc fall. We should never give up especially in times of sudden dip instead it is the time to buy some coin. This kind of behavior will really happen in first quarter of the year and everyone expected that btc will rise in the middle of the year.Watching the events going on the cryptomarket, I have noticed that Bitcoin is constantly going up and down, but just a bit. Thus, I do not think that it will fall under 6K.
Dont sell just hold i would.
Your question can't be answered with simple yes or no. There is always possibility for Bitcoin price to dump, even to 6000$ but no one can't tell for sure whether this will happen or when.
I suggest not to sell, especialy if you have bought the coins. You don't have to face the loss if you wait long enough. Patience is one of the most important characteristics of Bitcoin users.
I suggest not to sell, especialy if you have bought the coins. You don't have to face the loss if you wait long enough. Patience is one of the most important characteristics of Bitcoin users.
I agree with what has been said.
We can never tell the next price of bitcoin and it is risky to either sell it now or wait for more. Well in this case, you have to know first if you will earn if you will are really decided to sell at 6k. But I believe that bitcoin is yet to arise and I am more excited to sell later when that happens.
Makes sense in a way but one thing's for sure for me, never sell. Especially with the market taking a dip. It doesn't really matter for me if the price goes 6k or lower. I'm willing to wait it out for a year or two and i'm pretty sure that by that time, i'll just chuckle when i remember the first quarter of 2018 lol
do you think it is going to 6000?
I think no! because bitcoin is the most popular digital currency and the are a lot of user, so if someone are get worried and they sell its coin or bitcoin, they cash out the demand of use bitcoin increase and that way the price of bitcoin will grow up again. Bitcoin price decreasing because many user now choose to hold than use their bitcoin to the rate of using bitcoin is low that why bitcoin price is also decreasing.
I also don't think that $6K is possible at this point. Although the situation has changed again, there will be strong resistance at $7K-$8K that I don't see it going that deep. The Binance incident for me is no longer significant because they already assured their customers about the said incident.
What really happened is that a big whale from Japan suddenly liquedates huge amount of bitcoin causing it to undergo another market correction. But $6K will not be touch again. There are too much investors waiting in the background and I think they will jump at this bloodbath to buy more bitcoins.
Your question can't be answered with simple yes or no. There is always possibility for Bitcoin price to dump, even to 6000$ but no one can't tell for sure whether this will happen or when.
I suggest not to sell, especialy if you have bought the coins. You don't have to face the loss if you wait long enough. Patience is one of the most important characteristics of Bitcoin users.
I suggest not to sell, especialy if you have bought the coins. You don't have to face the loss if you wait long enough. Patience is one of the most important characteristics of Bitcoin users.
I agree with what has been said.
We can never tell the next price of bitcoin and it is risky to either sell it now or wait for more. Well in this case, you have to know first if you will earn if you will are really decided to sell at 6k. But I believe that bitcoin is yet to arise and I am more excited to sell later when that happens.
if it's really difficult to foresee this, but I think that bitcoin will not return to such a price range, the price will fall but not so much
do you think it is going to 6000?
I think no! because bitcoin is the most popular digital currency and the are a lot of user, so if someone are get worried and they sell its coin or bitcoin, they cash out the demand of use bitcoin increase and that way the price of bitcoin will grow up again. Bitcoin price decreasing because many user now choose to hold than use their bitcoin to the rate of using bitcoin is low that why bitcoin price is also decreasing.
Before the Binance rumored hack, Bitcoin price charts were showing the bullish movement. Many of the traders went for Bitcoin longs. But because of the recent API manipulation, there was a rumor of Binance hack which by the volume is the biggest exchange. Thus, such a drop was expected. But since it was just a rumor, price should jump back and also there is a bullish sentiment in the market as well. I don't think price is going anytime soon back to $6k level.
Exactly. I just wrote the same thing in another thread, so I will quote myself
Quote
I'm certain that if there was no Binance FUD we'd be higher than 11700 USD. Everything was indicating that we are in the rising pattern and the pattern that formed when people sold following the FUD news of a hack made others think that double top is forming. As a result we have another wave of sales today. Worst case scenario they will continue doing so until we reach $7k to form this pattern.
https://uk.tradingview.com/chart/BTCUSD/Brab2m8H-Double-Top-on-Bitcoin/
https://uk.tradingview.com/chart/BTCUSD/Brab2m8H-Double-Top-on-Bitcoin/
False double top that made people follow with sales. Anyway, trading is not totally about knowing what the real value of the asset is. It's more about knowing how the collective acts and that it's like a huge ship. Whichever way you point it it will tend to oversteer and you need a lot of time and effort to make it stop. The first wave yesterday has launched it forward and this second wave today is it oversteering. We'll see if there will be a third wave or if it will manage to stop somewhere at $9k. Currently the green candle looks small, just like the one at 9600, so most likely another dump will follow.
Well a double bottom is possible.
But I hope we won't go that deep to be honest. I want to see a higher low, around 7k max, on the daily to give investors confidence to stay in, add more coins to their stash and seeing people on the sideline fomo in when they realize BTC won't get lower.
The thing is it's all just guessing and kind of hope and wishful thinking.
So let's wait and see how it will play out. But prepare for more down pressure with the next 5-7 days.
But I hope we won't go that deep to be honest. I want to see a higher low, around 7k max, on the daily to give investors confidence to stay in, add more coins to their stash and seeing people on the sideline fomo in when they realize BTC won't get lower.
The thing is it's all just guessing and kind of hope and wishful thinking.
So let's wait and see how it will play out. But prepare for more down pressure with the next 5-7 days.
Sell it all be the weak hand, or stop looking and come back in four years.
Before the Binance rumored hack, Bitcoin price charts were showing the bullish movement. Many of the traders went for Bitcoin longs. But because of the recent API manipulation, there was a rumor of Binance hack which by the volume is the biggest exchange. Thus, such a drop was expected. But since it was just a rumor, price should jump back and also there is a bullish sentiment in the market as well. I don't think price is going anytime soon back to $6k level.
if you did it the right way , you invested some money which you can afford to lose or you made some money and invested that
there will always be times that bitcoin (crypto ) scare the hell out of you because it reach sometimes almost 6000 $
good if you can hold then because you do not need that money , if you needed that money you are triggered to sell and make
some whale happier then they already are and probaly bitcoin goes up again when you sold yours
there will always be times that bitcoin (crypto ) scare the hell out of you because it reach sometimes almost 6000 $
good if you can hold then because you do not need that money , if you needed that money you are triggered to sell and make
some whale happier then they already are and probaly bitcoin goes up again when you sold yours
Yes, you should sell it now. If you have to ask such inept questions like it, you don't deserve cryptocurrency.
Whether he deserves or not doesn't matter at all. If he finds that the price will go low he can sell, because he hasn't got the right understanding about the cryptocurrencies. Fear of loss is one that each and every user has got, with cryptocurrency user should have the mentality to face anything. It can be a loss, gain and most importantly hack.It amazes me how people go through with an investment without doing the necessary stuffs, then I remember people often get into Ponzis anyway for the greed of it and they may just perceive the market to be the same which is how they always end up losing badly and learning their lessons in a very bad way. Everyone is entitled to their decision, and just as you have said, everyone is free to sell if they wish.
February 27, 2018, 08:35:27 AM
Perhaps there is such a chance, but I think that it is not so great, you do not have to panic and sell it, it will in any case be restored
February 26, 2018, 05:34:25 PM
bitcoin price is not stable at all . Prices can go down again More than before .. Do not rush to buy
bitcoin price can fall under 4000
bitcoin price can fall under 4000
February 26, 2018, 04:49:08 PM
Actually, everything can be, because Bitcoin has never been characterized by a stable coin. But I can say one thing, that this year already some exchangers showed the results of the price of 6 500 dollars. But if this figure returns again and the price goes down, Bitcoin's trust will be completely lost.
Everyone knows that the price of bitcoin is not stable and is volatile ,the chances of prices going below $6000 depends upon the market sentiment around the world and if that happens you cannot do anything nor you can predict about it,that does not mean that people will loose trust in bitcoin,with time the price will recover,we have seen that in the past and that will happen in the future too. 
February 26, 2018, 04:15:21 PM
Your question can't be answered with simple yes or no. There is always possibility for Bitcoin price to dump, even to 6000$ but no one can't tell for sure whether this will happen or when.
I suggest not to sell, especialy if you have bought the coins. You don't have to face the loss if you wait long enough. Patience is one of the most important characteristics of Bitcoin users.
Actually, everything can be, because Bitcoin has never been characterized by a stable coin. But I can say one thing, that this year already some exchangers showed the results of the price of 6 500 dollars. But if this figure returns again and the price goes down, Bitcoin's trust will be completely lost. I suggest not to sell, especialy if you have bought the coins. You don't have to face the loss if you wait long enough. Patience is one of the most important characteristics of Bitcoin users.
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