How soon will the market rebound to 150-200 Billion?

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: Herbert2020 on September 16, 2017, 02:28:56 AM

Quote from: Flickspeed on September 15, 2017, 12:04:40 PM

In the meantime we are seeing the largest and steepest upward movement since like August...

i always like to imagine the bitcoin price as a spring which the whales and all the FUD around presses on hard and make it go down and gather a lot of potential energy. when the FUD is released and whales stop dumping it springs back up and it does it very fast. and that is what happened there. the pressure was removed and price jumped back up because there is a very real and very big demand of bitcoin and when the rise happens the FOMO buyers who are also weak hands start buying again.

It sprung back to life. But there was one good steemit article saying that it was indeed JPMorgan who have somewhat bought huge amount of bitcoin. Here is the link: https://steemit.com/cryptocurrency/@cryptowarrior88/breaking-news-peek-a-boo-jpmorgan-i-see-you. So guess what, it was really Dimon statement that added to the already strained situation we are seeing coming from China. And then suddenly, they buy bitcoin pushing the price to what we are seeing right now. They have manipulated the market, created a chaos, people started dumping their coins because of the fear, then quickly behind us, JPMorgan bought a lot of bitcoin for their gains. We see what you did there, Dimon.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: Flickspeed on September 15, 2017, 12:04:40 PM

In the meantime we are seeing the largest and steepest upward movement since like August...

i always like to imagine the bitcoin price as a spring which the whales and all the FUD around presses on hard and make it go down and gather a lot of potential energy. when the FUD is released and whales stop dumping it springs back up and it does it very fast. and that is what happened there. the pressure was removed and price jumped back up because there is a very real and very big demand of bitcoin and when the rise happens the FOMO buyers who are also weak hands start buying again.

behemoth6565

newbie

Activity: 11

Merit: 0

My guess is we could be back at $150bn within 48 hours. China cant put out any more negative news.

niterde

newbie

Activity: 10

Merit: 0

7 days until we hit $150bn
15 days until we hit $175bn
45 days until we hit $200bn

kidsuzudn

full member

Activity: 126

Merit: 100

8 hours ago, Bitcoin is only 2k9$ but after 2 hours it's bounce back to 3k7$. Clearly that is some powers are trying to control the price of Bitcoin for their benefits. Cause it's really weird when only in 2 hours , a huge money invested into Bitcoin. I think " Bitcoin's investors are frauds , not Bitcoin".

skyline247

hero member

Activity: 700

Merit: 500

My educated guess is we will see a $100 Billion market cap again within the ext month. I don't think the price is crashing just yet. I see it going over $5,000 before that happens.

john2231

hero member

Activity: 924

Merit: 1001

Well if the news from the china about license exchanges if ever the exchanges in china got license sooner we will see bitcoin will rise up again because of the news. for now after hearing about the news i see the big jump of the price from $2900 level to $3700.. And hope that this price will continue to increase more soon..
But for now we are seeing slow movement of the price and hope that the market will reach i think even 100 billion marketcap..

DaMut

sr. member

Activity: 1246

Merit: 263

Depend on the trend,
More likely if we are on the bull trend in a few days later on we should see that.People will start FOMO'ing and we can see a huge movement because of it.
Market cap is down because of the price is decreasing,only some people sell it and some people hold it.when the bull trend start,people will try to buy it as much as possible and nobody sell it.

A huge comback will soon start,but before that the strong hand will shake the weak hands again,before doing this.market showed a good movement,but it's not determined yet.it still can or down or no

btc_angela

hero member

Activity: 2632

Merit: 546

Quote from: Flickspeed on September 15, 2017, 12:04:40 PM

In the meantime we are seeing the largest and steepest upward movement since like August...

There was a day in August were bitcoin when from $1900-$2900 in 24 hours. I think we are crossing that mark again. The lowest price I saw is $28xx-$29xx and now its above $3800. Market cap is pegged at 125B. For me if this massive bull run continue in a few days, we may see the cap topping $150B and bitcoin price tops $4500 again. However, the FUD effect coming from China is still around so be wary and cautious. But the buying pressure coming from the West and Japan are too strong as well to negate the dent that China has done already to the market.

Flickspeed

member

Activity: 98

Merit: 10

In the meantime we are seeing the largest and steepest upward movement since like August...

Topic: How soon will the market rebound to 150-200 Billion? (Read 405 times)