Do you think that Bitcoin's price will still drop nearly below $9000?

gabmen

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Quote from: Gobeller on February 01, 2018, 02:53:53 PM

Quote from: BUK2016 on February 01, 2018, 02:50:58 PM

Quote from: NewsBounty on January 26, 2018, 04:24:36 PM

Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.

if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?

and why the decline in Bitcoin prices is quite prolonged?

Op at the moment the value of bitcoin on the blockchain is below $9,000 and not just below the amount but it at $8,882.57 as at the time of this post. But all our hope is that sooner or later is will bounce back and we will all smile again just like what happen in November last year.

This is not the end of the world. This is market move that we can always see. Bitcoin couldn't go up always and it needs some break now. Later it will come stronger to the market.

Hopefully it does though i'm not in a hurry for btc to bounce. I think everyone's aware that bitcoin is a long term coin along with eth and the top 5 alts. Even if it stays or dip some more, if you're looking long term, it shouldn't worry you

bncbnc

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Quote from: BUK2016 on February 01, 2018, 02:50:58 PM

Quote from: NewsBounty on January 26, 2018, 04:24:36 PM

Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.

if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?

and why the decline in Bitcoin prices is quite prolonged?

Op at the moment the value of bitcoin on the blockchain is below $9,000 and not just below the amount but it at $8,882.57 as at the time of this post. But all our hope is that sooner or later is will bounce back and we will all smile again just like what happen in November last year.

Yes it really now trading below 9000$, but i can hope that it will not cross the barrier of 8000$, i can hope that it will be the bottom for the current dump and after that we are expecting the price of bitcoin to start increasing its price, In fact still most of the investors are not selling their bitcoin and therefore we expect that bitcoin price will get some support at 8000$ and will never drop form that value any more. We are hoping for a new increasing rally of bitcoin price to reach its maximum price again.

Gobeller

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Quote from: BUK2016 on February 01, 2018, 02:50:58 PM

Quote from: NewsBounty on January 26, 2018, 04:24:36 PM

Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.

if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?

and why the decline in Bitcoin prices is quite prolonged?

Op at the moment the value of bitcoin on the blockchain is below $9,000 and not just below the amount but it at $8,882.57 as at the time of this post. But all our hope is that sooner or later is will bounce back and we will all smile again just like what happen in November last year.

This is not the end of the world. This is market move that we can always see. Bitcoin couldn't go up always and it needs some break now. Later it will come stronger to the market.

BUK2016

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Quote from: NewsBounty on January 26, 2018, 04:24:36 PM

Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.

if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?

and why the decline in Bitcoin prices is quite prolonged?

Op at the moment the value of bitcoin on the blockchain is below $9,000 and not just below the amount but it at $8,882.57 as at the time of this post. But all our hope is that sooner or later is will bounce back and we will all smile again just like what happen in November last year.

NewsBounty

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seems to have happened below 9000$, even this seems to be going down to 5000$. What is your opinion?

WUUEX79

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Quote from: NewsBounty on January 26, 2018, 04:24:36 PM

Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.

if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?

and why the decline in Bitcoin prices is quite prolonged?

The bitcoin price traded today is $ 10,082. Will it continue to $ 9,000 ?...

Go back to your question.
Maybe, because of transaction fees bitcoins are expensive?
Because after the bitcoin boom in December 2017, bitcoin scored the best price which is about $ 20,000, since then bitcoin has a congestion problem, which never goes away and this leads to a very transaction fees expensive. Until now, this problem has not been solved.

Seeker#9

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Quote from: NewsBounty on January 26, 2018, 04:24:36 PM

Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.

if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?

and why the decline in Bitcoin prices is quite prolonged?

Bad news continues to bring down bitcoin price after China and South Korea crackdown on cryptocurrency exchanges. The news about UK government to introduce new legislation to regulate the trade of virtual currency also affect the bitcoin. FUD and continued actions by some government on cryptocurrencies notably bitcoin will bring more price dips in the days. Bitcoin falls below $10k with other altcoins followed the bitcoin drop.

TravelMug

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Quote from: talks_cheep on January 30, 2018, 02:00:08 PM

I believe it's going to go all the down to at least $6000, maybe $4000 even.

We just broke the $10K support, I think with this recent crash we are getting closer to the $7500 to $8500 that some TA have been mentioning in the last couple of weeks.

Let's just look everything at the bright side here, if ever it goes to $4K as you have predicted, then we should take this chance to accumulate more bitcoin in our wallets.

Its really sad to see how the market is going since the beginning of this year. I'm still hoping that come February, everything will be back to normal. The price is moving upward. Let's see how it goes. Another test for bitcoin and its holders.

talks_cheep

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I believe it's going to go all the down to at least $6000, maybe $4000 even.

slaman29

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Quote from: RamonBTC on January 29, 2018, 10:32:40 AM

This is not about what I think the prices will go either increase or decreases as bitcoin is one of the most unpredictable investment in our generation or for a lifetime. It is dependent on so many factors that’s why we can’t have definite answer if asked about the reason of this pricing. I don’t want to reach 9000$ but if the majority (demand) of investors now is hesitant to go all out then, let the market decide for it.

Exactly! Whether or not it touches any specific figure beyond the range it already HAS, Bitcoin will continue to be volatile and unpredictable - for many years. How can it stabilize when newcomers with their new money are still entering, and will do so for many years? I don't mind it reaching 9k, or even 5k, because I believe all this movement is just part of its trend, but I believe in a price in 2020 and beyond. Will that be 10k or 20k, I can't say. I have hopes, but I can only wait for the reality to arrive.

ferrydriver

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I don't think the price will go much below 9000 even if it tests that level again. It seems that the true bottom should be around 7-8k based on my interpretation of the graphs of the last years.

AakZaki

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is terrible when Bitcoin's technical predictions show there will be drastic price declines, sometimes it is a must when we already buy to stop lose immediately and buy again if it has reached the lowest point.

RamonBTC

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This is not about what I think the prices will go either increase or decreases as bitcoin is one of the most unpredictable investment in our generation or for a lifetime. It is dependent on so many factors that’s why we can’t have definite answer if asked about the reason of this pricing. I don’t want to reach 9000$ but if the majority (demand) of investors now is hesitant to go all out then, let the market decide for it.

bitcoinvamp

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Quote from: NewsBounty on January 26, 2018, 04:24:36 PM

Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.

if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?

and why the decline in Bitcoin prices is quite prolonged?

For one thing i know predictions are never accurate , it is just the luck of a person that the prediction he made becomes true but that doesn' mean he was sure about it. So, is with the bitcoin , no one knows 100% that if it will rise or drop to 9000$ . But what i think is that it would not go below 10000$ and may increase in a short time. I don't know the exact amount to which it will increase but it would increase.

Xardasim

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Panic selling causes a lot of problems included low volume and price. 10k$ level is good support and this pyshological level is reason why people dont wanna to sell. Liquidity is first thing that comes to mind why people wanna to sell so cheap. Hodl is not always option in every market situation. Crashed price can attract more potential investors than fool crowd who wanna to sell for whatever price.

Murloc

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Quote from: jjacob on January 29, 2018, 12:20:46 AM

Quote from: NewsBounty on January 26, 2018, 04:24:36 PM

Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.

if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?

and why the decline in Bitcoin prices is quite prolonged?

Apart from technical analysis, there are no parameters you can use to value Bitcoin. At least in equity valuations, you have earnings, cash flows, price multiples. etc. People trying to use similar parameters to value Bitcoin end up with ridiculous numbers.
That said, I think it is probable that Bitcoin will go below $9,000. That is more to do with Bitcoin's volatility and where it is trading now, rather than any deep technical analysis.

Bitcon will move blow 10k only in case of another unwaited FUD (but for now everything seems calm) while the volatility is more about the current price movements without any shocks. As we know if something happens to bitcoin then technical analysis is quiet useless during the panic selling (same thing on other markets).

jjacob

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Quote from: NewsBounty on January 26, 2018, 04:24:36 PM

Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.

if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?

and why the decline in Bitcoin prices is quite prolonged?

Apart from technical analysis, there are no parameters you can use to value Bitcoin. At least in equity valuations, you have earnings, cash flows, price multiples. etc. People trying to use similar parameters to value Bitcoin end up with ridiculous numbers.
That said, I think it is probable that Bitcoin will go below $9,000. That is more to do with Bitcoin's volatility and where it is trading now, rather than any deep technical analysis.

Rajamuda

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Let the people to predicts it, sometimes they're right and sometimes they're wrong, we personally should be able to deduce some predictions from some people and adapt it to the facts+some things that can affects it.
I don't think bitcoin price will go down to $9k, the prolonged price drop I don't think it will lead to $9k, this is just a slowly movement I guess.. it's still tends lead to recovering to a more higher.

magneto

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Quote from: NewsBounty on January 26, 2018, 04:24:36 PM

Many of those people who predict the price of bitcoin will come down again like he raced to show the technical predictions he made.

if it is true can you give an accurate reason not just speculation and not just a fake streak of technical predictions?

and why the decline in Bitcoin prices is quite prolonged?

Short term wise bitcoin is going to stay above $10k. Only if we see the price of bitcoin consistently below $10k for a few hours, can we say that the support is no longer there at $10k. The only time that bitcoin has crashed below $10k was when the panic dump initially happened, and even then the price rebounded almost instantly back up to $10000-$10500. That's how strong the support is.

I'm not sure why anyone would think bitcoin would crash a lot more, and I would definitely want to see some valid analysis from them as well.

Even if we do not climb to the last all time high, we should still be able to get to at least $15k next month. We're just in the bust phase of the boom/bust cycle. It shouldn't be something to worry about for anyone, in my opinion. It has happened throughout the runup to $20k.

Biscutard

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As what i have seen on the chart the possibilities that it might get back to $9000 is only 20% and the rest will be higher than that price. By next month we will be experiencing another fork again so expect the price to swing like a slingshot.

Topic: Do you think that Bitcoin's price will still drop nearly below $9000? (Read 501 times)