How low will this bear trend go? - page 17.

jmlona

member

Activity: 279

Merit: 16

Quote from: Nhebu on February 04, 2018, 07:21:46 AM

Quote from: malikusama on February 03, 2018, 03:22:56 PM

Not sure due to high uncertainty but Bitcoin will clearly lose dominance in the market if it will drop below $4000 now.
Bitcoin market is highly manipulated, eagle eye of big investors will not going to miss the opportunity to buy at lowest, and by observing the current market after around 55-60% price drop from $20k to $8.5k, i think this is the point whales were looking for.

I believe in you. I think the reason behind its downturn are the whales wherein they can manipulate its price. They know how to control the market, the ups and downs of bitcoin is due to the conspiracy of the whales which is the small investors are highly affected. Most of them are newbies in trading, who are having a panic selling.

It's evident that there's definitely a huge level of price manipulation, it's always the small guys who lose out in these circumstances, even the sensible investors will all have a stoploss at some point, especially those who invested at a price higher than the current 8.5k price. This crash will last for as long as it can be pushed, if the powers that be decide they can push it down to 5k or lower then they'll keep going. The only thing is, there should come a point at which the whales realise they're doing more harm than good. It's only an effective strategy if they can push the price back up in the future.

Nhebu

member

Activity: 616

Merit: 10

Quote from: malikusama on February 03, 2018, 03:22:56 PM

Not sure due to high uncertainty but Bitcoin will clearly lose dominance in the market if it will drop below $4000 now.
Bitcoin market is highly manipulated, eagle eye of big investors will not going to miss the opportunity to buy at lowest, and by observing the current market after around 55-60% price drop from $20k to $8.5k, i think this is the point whales were looking for.

I believe in you. I think the reason behind its downturn are the whales wherein they can manipulate its price. They know how to control the market, the ups and downs of bitcoin is due to the conspiracy of the whales which is the small investors are highly affected. Most of them are newbies in trading, who are having a panic selling.

crypto90

jr. member

Activity: 92

Merit: 1

I think it might be over. Most of the coins are good now since yesterday.

mostkey

sr. member

Activity: 742

Merit: 253

Quote from: eminemcookie on February 03, 2018, 01:18:44 PM

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 think around the level we already reached, but it is again all dependent on new regulation, we keep reaching resistance but then we are hit by another negative news story and all of the FUD around that. If 7.5k or so falls then it will be somewhere around 5-5.5k.

currently maybe all investors who have not entered their funds in bitcoin expect the price will reach the lowest point in the range of 7-5k and may be very profitable if we enter in the price range. and at a time of doubling in price, this will give birth to many new millionaires and billionaires in the bitcoin trading universe

millgates

sr. member

Activity: 714

Merit: 250

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 am still believe that bitcoin will be used by atleast 30% of people in this world so I don't worry about the price. Bitcoin was take an attention of wall street investors, but unlucky, bitcoin liquidity is relatively low, when billionaires play in bitcoin then they can greatly influence bitcoin price. Media also has important role, I hope media stop spread negative news about bitcoin.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Quote from: malikusama on February 03, 2018, 03:22:56 PM

Not sure due to high uncertainty but Bitcoin will clearly lose dominance in the market if it will drop below $4000 now.
Bitcoin market is highly manipulated, eagle eye of big investors will not going to miss the opportunity to buy at lowest, and by observing the current market after around 55-60% price drop from $20k to $8.5k, i think this is the point whales were looking for.

A drop below $4000 would be read as a total crash since we've started the boom in November from around $5000. If it crossed $5000 it would have to be caused by huge negative pressure, one we have no grounds for, and it would trigger a total crash that might end at $900. To cause that there would simply have to be a complete rejection of BTC around the world since we were at those levels before Japan and Korea embraced it and they are not planning to get rid of it, so the $5000+ prices are here to stay.
Will we retest the bottom? Possibly.
Will we drop below it? Unlikely.

IMO we'll end up above $13k in a couple months.

tanoe

full member

Activity: 350

Merit: 100

if the result of the meeting gives unfavorable results for bitcoin, it will certainly make the market sluggish and fall to the price of $ 4k or less, but let's wait what will happen next.
Currently at CMC, prices are showing up.

malikusama

copper member

Activity: 1050

Merit: 294

Not sure due to high uncertainty but Bitcoin will clearly lose dominance in the market if it will drop below $4000 now.
Bitcoin market is highly manipulated, eagle eye of big investors will not going to miss the opportunity to buy at lowest, and by observing the current market after around 55-60% price drop from $20k to $8.5k, i think this is the point whales were looking for.

eminemcookie

full member

Activity: 364

Merit: 123

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 think around the level we already reached, but it is again all dependent on new regulation, we keep reaching resistance but then we are hit by another negative news story and all of the FUD around that. If 7.5k or so falls then it will be somewhere around 5-5.5k.

lopez cryptomania

jr. member

Activity: 112

Merit: 1

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.

Topic: How low will this bear trend go? - page 17. (Read 1565 times)