How low will this bear trend go? - page 16.

jseverson

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Quote from: millgates on February 04, 2018, 10:16:13 PM

An expert have a theory of the increasing price of bitcoin. I forget his name but he a CEO of a cryptocurrency company. His theory related to the number of bitcoin users. He predict that bitcoin price reach $7500 on december 2017. So based on that then I am sure that the real price of bitcoin in february actually between $7500-7700. I think bitcoin price will not lower than $7500. It's just my oppinion.

Who? Do you have a link? He was pretty close. We entered December at around $7,500 if I'm not mistaken. That doesn't mean I'm sold on his predictions though. The meteoric rise from December was too good to be true, and Bitcoin simply crashed back to earth.

I wouldn't be surprised if we went as low as $5,000 at this point. It doesn't bother me either. The entire market is bloodied, so it's not like Bitcoin is the problem, unlike how things were when the network was clogged. This is just the cryptocurrency market doing what it does. Wild swings go both ways.

Juggy777

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Quote from: richardsNY on February 04, 2018, 08:39:29 PM

Quote from: gabbie2010 on February 04, 2018, 08:29:55 PM

I hope this is not another negative FUDs coming up against bitcoin as it is now the FUDs from the Asian countries had really caused massive dumps invariably causing more fears to the hodlers

Asian fud has already been debunked, and all other fud is being repacked to make it look like it's something new, while in reality it's the old stuff people are already aware of, but still panic over. Main point of importance is that a large correction was due anyway, and that in combination with well timed fud spreading makes sure the market does what it was about to do anyway, but then in a quicker fashion. It's however not all that bad if we look at the positive side of we being offered a great opportunity to enter the market at lower prices. Instead of complaining like a lot people here do, I went ahead and bought myself some coins back that I sold last year.

Asian countries seem to be notorious for such kind of fud, first it was China, then Korea and now India. Each of their fud has been proven wrong, and I'm yet surprised that the market is yet accepting such claims. Has anyone noticed, when such fud starts to come out, all the big white collar people gather and try to bring Bitcoins down, and then when it rises they'll take cover. I think a correction was long overdue and it's good to have one, excellent buying opportunity, it's going to rise stronger thanks to this.

nl247

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Quote from: lablab03 on February 04, 2018, 11:36:51 PM

i think it will never go further and perhaps 8k is enough and this value is good to buy now , don't expect to much drop mate 'cause i have doubts this after this drop it will surge again and it will never drop to $4k.

I would rather keep my fingers crossed than be overly confident that bitcoin may not drop further. Even though I have tried not to really believe so much in the indicators and rather read people's emotion on chart and act on that as well, but everything on the indicators are indicating bearish signals right now, and I am not going to be surprised what the reaction of the market would be like when this occurs. $4k may be a bit far down though, but a little bit above that is not too far as it can still go lower.

Alex_nutis

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Thank you for +Merit

When the price of bitcoin fell below $ 9,000, I would not be surprised if we see $ 7,500 and $ 6,000. And probably it will be so. Bad news continues. Whales need more sacrifices, it is necessary that more holders sell bitcoins

deisik

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Quote from: lopez cryptomania on February 03, 2018, 12:05:31 AM

At what price do yal think will be bottom before we turn back up? I'm thinking $4,900 not to spread any FUD, however, they say when it rains it poors, and we have still yet seen people's response to this upcoming Tuesday on the 6th when all American policymakers meet, SEC and everyone else and we see what kind of regulation is made. The price will go down until the millionaires and wall street tycoons are happy to buy what they're going to buy and then we'll see it soar up to $13-$20k post regulations.

What would make these guys enter Bitcoin?

What is attractive in Bitcoin for them that they don't find in traditional investments (e.g. stock and commodities)? I'm not them but if I were, I'd rather look into Litecoin because it seems to be the only cryptocurrency as of now which is actually ready for real use. Bitcoin has turned into a speculative shit but once speculation goes away (which is inevitable), there'll be nothing left. In short, I don't think the Wall Street types are particularly interested in Bitcoin or even crypto at all. I can be wrong and in fact I wish to be wrong, but it doesn't look I am

TheGodFather

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Quote from: lopez cryptomania on February 03, 2018, 12:05:31 AM

At what price do yal think will be bottom before we turn back up? I'm thinking $4,900 not to spread any FUD, however, they say when it rains it poors, and we have still yet seen people's response to this upcoming Tuesday on the 6th when all American policymakers meet, SEC and everyone else and we see what kind of regulation is made. The price will go down until the millionaires and wall street tycoons are happy to buy what they're going to buy and then we'll see it soar up to $13-$20k post regulations.

I really have no concrete or an even assumed date on when this would end, but I think that if bitcoin would lose up to 10,000 and more that people would go into a pandemic of panic selling and could mean that it might lose the dominance that it has enjoyed throughout the years over its counterparts. But with the history of bitcoin as a reference trend I really thing that bitcoin is due for a huge rise

lablab03

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i think it will never go further and perhaps 8k is enough and this value is good to buy now , don't expect to much drop mate 'cause i have doubts this after this drop it will surge again and it will never drop to $4k.

pinkflower

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Listen everyone. Bitcoin's bear market might last longer than most people in the forum anticipate. If you check their posts in the speculation subforum, theyre all in the phase of denial.

Anyhow, wait until April or May. If the price is ranging around $5000 to $8000, thats when the people who bought on $10000 and up will decide to sell and take their losses. Some of them will be waiting for small "pumps" before dumping on the market.

There will be a lot of resistance, and that will make it hard for BTC to go back to recent highs.

gentlemand

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Welt Am Draht

Pah. Anyone who says they know anything is talking out of their arse.

I've been utterly disgusted reading the crying today. People don't change. Everyone boasting about buying dips when it was shooting up would have to be shot in the face before buying at a genuine low when it arrives.

I don't think we're very near it myself yet. There's a lot of room below still and a lot more scared money than in 2013. There's also a lot more iceman money ready to relieve them of it when it gets low enough. They're the ones capable of looking beyond the next 30 minutes.

millgates

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An expert have a theory of the increasing price of bitcoin. I forget his name but he a CEO of a cryptocurrency company. His theory related to the number of bitcoin users. He predict that bitcoin price reach $7500 on december 2017. So based on that then I am sure that the real price of bitcoin in february actually between $7500-7700. I think bitcoin price will not lower than $7500. It's just my oppinion.

Ranly123

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Quote from: lopez cryptomania on February 03, 2018, 12:05:31 AM

At what price do yal think will be bottom before we turn back up? I'm thinking $4,900 not to spread any FUD, however, they say when it rains it poors, and we have still yet seen people's response to this upcoming Tuesday on the 6th when all American policymakers meet, SEC and everyone else and we see what kind of regulation is made. The price will go down until the millionaires and wall street tycoons are happy to buy what they're going to buy and then we'll see it soar up to $13-$20k post regulations.

At this point there is no answer where this dip would stop and when it would rise back up. But hopefully, after the meeting on the american policy makers is done bitcoin price will rise back.

richardsNY

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Quote from: gabbie2010 on February 04, 2018, 08:29:55 PM

I hope this is not another negative FUDs coming up against bitcoin as it is now the FUDs from the Asian countries had really caused massive dumps invariably causing more fears to the hodlers

Asian fud has already been debunked, and all other fud is being repacked to make it look like it's something new, while in reality it's the old stuff people are already aware of, but still panic over. Main point of importance is that a large correction was due anyway, and that in combination with well timed fud spreading makes sure the market does what it was about to do anyway, but then in a quicker fashion. It's however not all that bad if we look at the positive side of we being offered a great opportunity to enter the market at lower prices. Instead of complaining like a lot people here do, I went ahead and bought myself some coins back that I sold last year.

gabbie2010

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Quote from: lopez cryptomania on February 03, 2018, 12:05:31 AM

At what price do yal think will be bottom before we turn back up? I'm thinking $4,900 not to spread any FUD, however, they say when it rains it poors, and we have still yet seen people's response to this upcoming Tuesday on the 6th when all American policymakers meet, SEC and everyone else and we see what kind of regulation is made. The price will go down until the millionaires and wall street tycoons are happy to buy what they're going to buy and then we'll see it soar up to $13-$20k post regulations.

I hope this is not another negative FUDs coming up against bitcoin as it is now the FUDs from the Asian countries had really caused massive dumps invariably causing more fears to the hodlers

SamsungBitcoin

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No one can tell until when this dump stops in bitcoin value, Much better to do is to invest in bitcoin and buy some altcoin which is on the deepest value that is why if you buy that coins you can able to get income while dumps happen. I recommend to buy multiple coins and deposit huge amount of capital to get more profit in long term.

Beerwizzard

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At that moment I see only 2 "milestones" that can clerify the situation about the further Bitcoin price. First is when CFTC will decide to make its own audit on Tether as they have not provided their private one. Then after if will be proved that a big part of 2 bln usdt is not backed only god know what can happen. And the second is that devs will finaly make an announcement regarding Lightning Network and give us at least approximate date of its launch. Unfortunately the first point is more likely to happen in the near future.

Joriecoinbit

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Quote from: weav on February 04, 2018, 07:50:16 PM

it is gonna depend on the news that is coming and the reaction to that from the market , New investors are panicking right now because they haven't seen anytihng like it. Everybody who bought in late december lost between 30 and 50% of their portfolio presumably . But i am pretty sure it will go up , so buy some more if you want to and just wait it out.

Bitcoin's value depends on its supply and demand. It also affects bitcoin price with the news about it wether it is good news or bad news. Why it will affect its price? It's only because of the people on how they react on the news. If they dump their coin, obviously bitcoin price will drastically drops.

Now, to answers OP's question, no one actually know how long will this end. If people will keep on dumping their coin, then this will continue until it reaches to $4,000. Anyway, just my opinion.

CHENIEN

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Nobody can answer the exact point about bitcoin price, except the bitcoin management or the founder. People who accessed and used bitcoin are only speculated on what price happen in the future, they are not surely if price will rise again or continue going down to the bottom. But as what have been happening last year from 2,000 dollar price of bitcoin, they climbed up to 20,000 dollar price, and hoping it will happen again.

weav

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it is gonna depend on the news that is coming and the reaction to that from the market , New investors are panicking right now because they haven't seen anytihng like it. Everybody who bought in late december lost between 30 and 50% of their portfolio presumably . But i am pretty sure it will go up , so buy some more if you want to and just wait it out.

palle11

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Quote from: swissgang on February 04, 2018, 01:40:16 PM

With upcoming bad news, it is very clear that we are going to see lower prices than $8000, it is not bottom for sure. I think the bottom is around $6000

The price of bitcoin has always been speculative , nobody can say prices where price could head to. Really, negative news are suppose to drag bitcoin down but we also have to remember that last year after the ban news of icos , bitcoin went to the top. So, is all speculative.

swissgang

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With upcoming bad news, it is very clear that we are going to see lower prices than $8000, it is not bottom for sure. I think the bottom is around $6000

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