Topic: I thought btc would go down 5% today.... (but it went up 4%?) - page 2. (Read 790 times)
Last week is the bad week for me, but now, I can see the light for bitcoin because of the price increases although it's not so high. I have hope now that in the next week, bitcoin will increase because I see that the new trend for bitcoin to rise will come soon. The green candle comes now, although it still not give the right information, and that makes me wait for a while to decide.
Right this second you could be optimistic and call out the tide change that can happen on Sunday night. Its already fallen, from now till that main market open you can have the price open upto $10,100 area or nearby.
It can even try to break past and we can see higher though it might fall back. All that is a reasonable bet to take, while people are gloomy now from the fall we have an opportunity. I held off any extra bet this weekend because of this effect.
It can even try to break past and we can see higher though it might fall back. All that is a reasonable bet to take, while people are gloomy now from the fall we have an opportunity. I held off any extra bet this weekend because of this effect.
I know people often target the $100,000, it's a realistic price, I know it, but I won't wait for. I'll leave before it happens (probably in the $70,000)
You'll leave as in cashing out all your coins and then go your own path? That's what it sounds like to me. If that's so, it really sounds like you think $70-$100k is Bitcoin's end game price.Even if Bitcoin reaches $1 million I will never sell all my coins because it will then be just as much of a store of value as it is today, but then more stable due to the much larger market cap and the maturation of the market.
I might not even actually sell any coins because by that time I'll very likely will be able to purchase a house or whatever else that's expensive by paying for it with Bitcoin. I'm here until the end.
Also, $70k is quite a random price target, which makes be believe that if you really plan to unload all your coins at some point, you'll most likely have done it before the $50k mark because the temptation of selling will make you do so much sooner.
Today's market looks like more than correction now, I was feeling like it was just a correction and the price would go back up soon but right now it looks like we are doomed once again. I know I should not be pessimistic about bitcoin since its quite a volatile coin and it could do whatever it wants but right now everything points out to bitcoin going as far as it can and than going down right now.
We have broken the prices we have previously not seen for over a year but now we just have to accept the fact that enough money was poured into bitcoin to make it what it is and now its not getting any more new money coming in. If we can manage to convince big banks and what not to invest once again than we can have a change of pace and go up again but unless we find some whales quickly it looks like it will go down even more.
So far the very bottom as of this week is $9300+ it's not that bad though it is still a stable price. The only reason that i know when Bitcoin starts to fall like this without any news is that it is just a correction or whales starting to stir things up again to create a new rally.We have broken the prices we have previously not seen for over a year but now we just have to accept the fact that enough money was poured into bitcoin to make it what it is and now its not getting any more new money coming in. If we can manage to convince big banks and what not to invest once again than we can have a change of pace and go up again but unless we find some whales quickly it looks like it will go down even more.
Luckily Bitcoin can't go down and break another low price resistance yet thanks to that $9300 support and the price is still holding.
Today's market looks like more than correction now, I was feeling like it was just a correction and the price would go back up soon but right now it looks like we are doomed once again. I know I should not be pessimistic about bitcoin since its quite a volatile coin and it could do whatever it wants but right now everything points out to bitcoin going as far as it can and than going down right now.
We have broken the prices we have previously not seen for over a year but now we just have to accept the fact that enough money was poured into bitcoin to make it what it is and now its not getting any more new money coming in. If we can manage to convince big banks and what not to invest once again than we can have a change of pace and go up again but unless we find some whales quickly it looks like it will go down even more.
We have broken the prices we have previously not seen for over a year but now we just have to accept the fact that enough money was poured into bitcoin to make it what it is and now its not getting any more new money coming in. If we can manage to convince big banks and what not to invest once again than we can have a change of pace and go up again but unless we find some whales quickly it looks like it will go down even more.
I just *felt* a dumpage down by 10% to 20% over the next 2 weeks then a 5% up then sideways for about 6 ~ 12 months, then the next up over the year 2020 1/2 tp 2021 1/2 at which point we go to 250K ish USD.
my prediction
my prediction
My prediction is that if everytime bitcoin rises, altcoins don't rise as well then we are going to suffer the same situation over and over again.
The market is not positive to alts and it seems like investors don't trust them any more. Any of them. Only if this situation is reverses we are going to see a significant increase not only in bitcoin price, but also in the market cap. and this increase if going to stay.
I know people often target the $100,000, it's a realistic price, I know it, but I won't wait for. I'll leave before it happens (probably in the $70,000)
I am not sure is it reasonable to think that next ATH will be $100k or something close to that
I know people often target the $100,000, it's a realistic price, I know it, but I won't wait for. I'll leave before it happens (probably in the $70,000)
I am not sure is it reasonable to think that next ATH will be $100k or something close to that, maybe next ATH would be around $50k or something like that. If we think in this direction, then $100k is still years away, and maybe you should think to change your strategy. Imagine you wait $70k and at $50k things go downhill, and next big correction will probably wipe out 70%-80% of Bitcoin value as always in past.
I certainly agree with you that if you want some profit, it is not wise to wait too long and be greedy - so maybe the best strategy would be to sell all way up, or just set some target and wait.
@Lucius I’ll second that $100k is an unrealistic target at best I’m expecting it to touch $40k in coming years, my target for this year end is $20k at max. @LeGaulois knowing you I won’t even be surprised if you manage to sell it at $70k, only to buy it back on dibs and once again sell when you’re in profits. I hope people too will follow this strategy, that is to sell when one’s getting profits without being greedy.
I know people often target the $100,000, it's a realistic price, I know it, but I won't wait for. I'll leave before it happens (probably in the $70,000)
I am not sure is it reasonable to think that next ATH will be $100k or something close to that, maybe next ATH would be around $50k or something like that. If we think in this direction, then $100k is still years away, and maybe you should think to change your strategy. Imagine you wait $70k and at $50k things go downhill, and next big correction will probably wipe out 70%-80% of Bitcoin value as always in past.
I certainly agree with you that if you want some profit, it is not wise to wait too long and be greedy - so maybe the best strategy would be to sell all way up, or just set some target and wait.
I don't even think this worth a topic of its own. Bitcoin goes up and down 5% all the time, its not newsworthy to me. The price of bitcoin has been volatile since day one and yes there are days when there is huge movements and they are crazy enough that not only one topic but multiple topics open about it and when it goes from 4k to 10k people start to open topics like "will it be 1 million dollars" and when it goes from 13k to 10k people open topics like "will it go back down to 4k" and basically radicalize the prices a lot because volatility is something we got used to now and people expect that type of crazy moves. However 5% is not like that at all, it moves in the trend prices right now and as long as it doesn't go under 9k or above 13k there is really nothing new going on.
No other options?
I mean, when we predict, we dont just stick to one right?
We kind of create another outcome analyzing every possible event that may happen or looking at its history.
I dont see any wrong about your prediction for it could be right or not. But, I want to be real and not go way far in pricing the bitcoin value.
15k is getting harder to reach by now. What kind of event could still make it pump?
I mean, when we predict, we dont just stick to one right?
We kind of create another outcome analyzing every possible event that may happen or looking at its history.
I dont see any wrong about your prediction for it could be right or not. But, I want to be real and not go way far in pricing the bitcoin value.
15k is getting harder to reach by now. What kind of event could still make it pump?
we have been in a sideways market for a while now so 5% drop or rise is not a prediction, it is what has been happening all along in this period. anything bigger than that like 20% is a prediction and the past couple of days has showed that it is not happening and we are still in the same price range going up and down constantly.
my prediction is that this is going to continue for a while, long enough to discourage many investors and fill the pockets of accumulators. then the next FOMO period starts as soon as the breakout occurs and causes another shoot up in price just like what we had when we broke above $4k
my prediction is that this is going to continue for a while, long enough to discourage many investors and fill the pockets of accumulators. then the next FOMO period starts as soon as the breakout occurs and causes another shoot up in price just like what we had when we broke above $4k
@jubalix. As the no.1 supporter and defender of the Tom Lee Fan Club, I know I have the authority to say that Tom Lee approves of your prediction.
The Tom Lee smile of approval
The Tom Lee smile of approval
My target is +$100,000 before the end of the block halving that will cut the rewards to 3.125BTC per block. I rather remain a bit conservative with my predictions and be surprised by how much more we have gone up.
This is a perfect conservative prediction 
, you expect a 400 plus growth in the price around block halving and in any economic terms it is an outrageous prediction to see a 400% growth in a short period of time and that is the real difference between bitcoin and the rest of the financial investments, no one can hope for having a price increase like that in any investment class in the market and so is the reason financial institutions will enter this market in the coming future as no one can neglect a cash cow like bitcoin . I am expecting that within the final quarter of the year we would surpass the current ATH, of course it could take a dip before then, but a $20k target is possible
I am that hoping that we can even step $18k before we end this year and it is not a bad price for Bitcoin.
Before clicking on the topic, I was expecting to see some chart or reasons to support your hypothesis. But I guess in a way all traders go with what they feel or desire, as predictions and analysis usually does not reflect the direction of the market.
I am expecting that within the final quarter of the year we would surpass the current ATH, of course it could take a dip before then, but a $20k target is possible
I am expecting that within the final quarter of the year we would surpass the current ATH, of course it could take a dip before then, but a $20k target is possible
I just *felt* a dumpage down by 10% to 20% over the next 2 weeks then a 5% up then sideways for about 6 ~ 12 months, then the next up over the year 2020 1/2 tp 2021 1/2 at which point we go to 250K ish USD.
my prediction
Well probably prediction can bring chance but most may bring failuremy prediction
I have seen so many speculation this year and only few got near to what they predict so basically I’m not falling into that instead will wait for the right timing
My holdings now are intact and willing to get even longer for the Dream value to change lives,so hoping that $250k will come in a matter of years or so
Better to estimate with some solid boundaries so you can know when you are wrong and join a move upwards possibly. I think its due to go down but I'm not sure by much, it seems to be continually below any positive trend so I presume it will breakout downwards but again I cant be sure when.
Heres the chart to show we are continually below the weekly average price in yellow and today it capped any price movements, hence we are showing price quite negative since that point. Its a good bet to call it negatively near the yellow line as there is little margin until it proves otherwise but a larger amount to gain should it fall like it has.
I wish I had done the same but on the daily bar chart, on 20th July we again met a ceiling and have fallen since it seems. Would have been a price difference of upto 1,500 by now.
Heres the chart to show we are continually below the weekly average price in yellow and today it capped any price movements, hence we are showing price quite negative since that point. Its a good bet to call it negatively near the yellow line as there is little margin until it proves otherwise but a larger amount to gain should it fall like it has.
I wish I had done the same but on the daily bar chart, on 20th July we again met a ceiling and have fallen since it seems. Would have been a price difference of upto 1,500 by now.
I just *felt* a dumpage down by 10% to 20% over the next 2 weeks then a 5% up then sideways for about 6 ~ 12 months, then the next up over the year 2020 1/2 tp 2021 1/2 at which point we go to 250K ish USD.
my prediction
Im thinking that we would stabilize or doing sideways once again for 3-6months time just like what happened on last year to 1st quarter of this year.my prediction
8k price is the best spot to buy up some cheap coins and i dont see for us to break 14k too early.We see action as the upcoming halving event approaches.
For now the best thing to do is on scalping.
I'm sorry but I disagree, I don't see the price stabilizing, we might end up in a crazy ride for the next two much so it will be another big test for everyone or at least to those who didn't see this coming. So be ready to buy if the price goes $8000. I think this will be the best opportunity to get it and stash more.
But I agree that $14000 will be touch so easily, it's too early. Speculators easily cashing out when the price it's $13000 but we might test that price in October or at least at the end of the year. So I'm bracing myself for another wet and wild before the next halving.
Gut feelings, they can't be right all the time.
Short term speaking I'm kinda bearish and expect a decline towards the lower $8000 area and perhaps a wick below it, but that would only offer a great buying opportunity if so. I'm confident that we'll get to see a peak of over $100,000 during the next longer term bull run, but as always, where will it land once we top out and start correcting? It certainly won't be pretty.
My target is +$100,000 before the end of the block halving that will cut the rewards to 3.125BTC per block. I rather remain a bit conservative with my predictions and be surprised by how much more we have gone up.
Short term speaking I'm kinda bearish and expect a decline towards the lower $8000 area and perhaps a wick below it, but that would only offer a great buying opportunity if so. I'm confident that we'll get to see a peak of over $100,000 during the next longer term bull run, but as always, where will it land once we top out and start correcting? It certainly won't be pretty.
My target is +$100,000 before the end of the block halving that will cut the rewards to 3.125BTC per block. I rather remain a bit conservative with my predictions and be surprised by how much more we have gone up.
And thank god for that, otherwise we'd be putting up altars and statues of gut predictors;)
Now of course there will be those for whom price will go against their gut every single time, and so, for a certain Tom Lee, I'm always hoping he and CNBC crew turn into permabears, cause that would suit me so well!
I've been a naughty bear short term for a very long time now, I still see 2020 as the earliest ever for a proper good old-fashioned rodeo. Just hope Í'm as prepared to understand the next (Temporary) top, otherwise it'll be for nothing!
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