Is it possible for BTC to cross 10K$

Ronyx

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Quote from: mwaqar17 on August 03, 2018, 03:24:58 PM

From the month of march btc is going down gradually, last month it was 6K$ and now after touching 8K$, it have moved to 7300$ again. Do you think it would be possible for BTC to cross 10K$ in the month of august?
Investment is decreased from 140B$ to 127B$ in very short time, that is a very bad sign

I still doubt that in August Bitcoin can cross $ 10,000. The market is still not stable and for the price of $ 10,000 I think it will happen in September.

DMCR lah

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in my opinion, in August the price of bitcoin will range between $ 7,000 - $ 8500 or the worst possibility is that the price of bitcoin will drop to the price of $ 6000.

Hamstead

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Quote from: mwaqar17 on August 03, 2018, 03:24:58 PM

From the month of march btc is going down gradually, last month it was 6K$ and now after touching 8K$, it have moved to 7300$ again. Do you think it would be possible for BTC to cross 10K$ in the month of august?
Investment is decreased from 140B$ to 127B$ in very short time, that is a very bad sign

Of course there is, the ball still rolling and could have a huge possibility that it will be in favor to us again. We've been all amazed of what have been done with btc last year but ain't seen that actions this year. Though we knew how market struggling to fight against critics and FUDs, but couldn't lift our worries also.

irsada

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a lot of speculation occurred in bitcoin in July yesterday with the increase of bitcoin at 6 K $ to 8 k $.
and now this August the price is around 7 k $.
What is clear, do not expect too much of a jump too fast, because what I understand now is that the value of bitcoin is rapidly rising so fast it also experiences a decline, it will be fast too.

gabmen

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Quote from: Herbert2020 on August 06, 2018, 12:47:29 AM

Quote from: aso118 on August 05, 2018, 03:53:28 PM

Quote from: Febo on August 05, 2018, 10:40:55 AM

Quote from: mwaqar17 on August 03, 2018, 03:24:58 PM

From the month of march btc is going down gradually, last month it was 6K$ and now after touching 8K$, it have moved to 7300$ again. Do you think it would be possible for BTC to cross 10K$ in the month of august?
Investment is decreased from 140B$ to 127B$ in very short time, that is a very bad sign

No. August will be super bad month for Bitcoin. I dont belive we will see much of + $10000 Bitcoin price until end of the year.

Whether August is a good month or not, people must realize the importance of patience. If the price crossed $10,000, it will represent a gain of more than 50% from current levels. Investors in no other asset class dream of such returns. It is best if Bitcoin investors also temper their expectations and don't expect too much too fast.

you do have point here about the gains and investors should have more realistic expectations but also lets not start comparing bitcoin with other assets because there is nothing like bitcoin. 50% for bitcoin is one of the most common gains. when you want to compare, you should only compare bitcoin to itself not something else because it has nothing in common with others.

Well it's not a question of "if" But "when". 10k i think is possible for this year if we're going to have a strong finish but next year would likely see us cross that point and beyond. I'm not too optimistic this year since majority has been for the bears but 10k isn't that far from where we are right now.

arthotdog

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Quote from: mwaqar17 on August 03, 2018, 03:24:58 PM

From the month of march btc is going down gradually, last month it was 6K$ and now after touching 8K$, it have moved to 7300$ again. Do you think it would be possible for BTC to cross 10K$ in the month of august?
Investment is decreased from 140B$ to 127B$ in very short time, that is a very bad sign

This is tje highest price bitcoin cam make this 2018 before new year its been harder for bitcoin to get even $9,000 so what more $10,000

If the trend continues this way i am afraid we can cross this price,hope the ETF will make difference now as many are awaiting tje acceptance of this in the forum

Herbert2020

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Quote from: aso118 on August 05, 2018, 03:53:28 PM

Quote from: Febo on August 05, 2018, 10:40:55 AM

Quote from: mwaqar17 on August 03, 2018, 03:24:58 PM

From the month of march btc is going down gradually, last month it was 6K$ and now after touching 8K$, it have moved to 7300$ again. Do you think it would be possible for BTC to cross 10K$ in the month of august?
Investment is decreased from 140B$ to 127B$ in very short time, that is a very bad sign

No. August will be super bad month for Bitcoin. I dont belive we will see much of + $10000 Bitcoin price until end of the year.

Whether August is a good month or not, people must realize the importance of patience. If the price crossed $10,000, it will represent a gain of more than 50% from current levels. Investors in no other asset class dream of such returns. It is best if Bitcoin investors also temper their expectations and don't expect too much too fast.

you do have point here about the gains and investors should have more realistic expectations but also lets not start comparing bitcoin with other assets because there is nothing like bitcoin. 50% for bitcoin is one of the most common gains. when you want to compare, you should only compare bitcoin to itself not something else because it has nothing in common with others.

lablab03

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Of course why not? as long there's more people still making profits and gaining huge profits on it btc still have a possibility always to accross in any value. But it takes time so we should put more patience on it and always control the emotions to become successful no matter what happen.

batang_bitcoin

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The market cap decreases and this is why bitcoin has been so unstable all of the time. It takes time for bitcoin to cross $10,000 again.

But if you are rushing to see it badly, you can't do anything but to be patient and wait until it goes back there. Don't tell it that's a bad sign because comparing it a year ago bitcoin is still in good shape.

oegarod

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By now the price could have crossed the $10000 barrier, but due to the hard regulations on usage as well upon the etf speculations around has made it go low when it was slowly progressing towards $10000 from $8200. Possibly soon we can expect the price of bitcoin to grow in a stable manner and reach $10000.

karanggatak

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This is very possible but not for this year, many people predict that bitcoin will be a bull run starting in the middle of this year but it turns out the market is still showing bearishness, everyone is starting to get confused seeing the current market and think next year maybe bitcoin is back in green like 2017

mostkey

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Yes, that is what most people expect that August's trust is very good to improve last month, opportunities are still wide open in the next few weeks, of course this is just a price prediction that is often discussed every day, lasting for the long term so it will be very good for you personally, maybe in the next few years the price will be extraordinary than ATH, maybe, be patient and enjoy a year trip that isn't too good for cryptocurrency, if you imagine like the end of last year then this is very different from before.

magneto

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Quote from: mwaqar17 on August 03, 2018, 03:24:58 PM

From the month of march btc is going down gradually, last month it was 6K$ and now after touching 8K$, it have moved to 7300$ again. Do you think it would be possible for BTC to cross 10K$ in the month of august?
Investment is decreased from 140B$ to 127B$ in very short time, that is a very bad sign

Just because market cap or price decreases doesn't mean that it's necessarily a bad sign for the future, or that prices are going to continue to dip. That logic doesn't work.

Having that said, however, I do think that prices are going to see further sideways movement if not further dips below the $7k level to test the support at $6k. There are virtually no bullish sentiment in the market at the moment, and a trend reversal in the short term is very unlikely.

To address your question, I'd say that $10k is probably out of the picture right now. Not only is there no bullish momentum as I mentioned, there is also a huge resistance at both the $8k and $10k level as previous rallies have demonstrated. Unless there is some major positive news like an ETF being approved which is very unlikely, then the chances of $10k being breached out of the blue is minimal.

BitHodler

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Quote from: aso118 on August 05, 2018, 03:53:28 PM

Whether August is a good month or not, people must realize the importance of patience. If the price crossed $10,000, it will represent a gain of more than 50% from current levels. Investors in no other asset class dream of such returns. It is best if Bitcoin investors also temper their expectations and don't expect too much too fast.

I like your down to earth way of looking at things. People quite often forget that we're dealing with different traders and investors nowadays, which all secure their profits on time.

Seriously, where in the world do you even get 10% returns per year? People here have been spoiled with how the price has gone up last year ~ if the price isn't at least doubling it's somehow not worthy enough for them.

All these crazy high expectations only lead to disappointment, which is exactly why the sentiment everywhere is rock bottom right now. If there wasn't an ETF to hope for, the price would sink hard.

aso118

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Quote from: Febo on August 05, 2018, 10:40:55 AM

Quote from: mwaqar17 on August 03, 2018, 03:24:58 PM

From the month of march btc is going down gradually, last month it was 6K$ and now after touching 8K$, it have moved to 7300$ again. Do you think it would be possible for BTC to cross 10K$ in the month of august?
Investment is decreased from 140B$ to 127B$ in very short time, that is a very bad sign

No. August will be super bad month for Bitcoin. I dont belive we will see much of + $10000 Bitcoin price until end of the year.

Whether August is a good month or not, people must realize the importance of patience. If the price crossed $10,000, it will represent a gain of more than 50% from current levels. Investors in no other asset class dream of such returns. It is best if Bitcoin investors also temper their expectations and don't expect too much too fast.

XinXan

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I don't know. However it doesn't look very likely now, bitcoin lost pretty much all strength. I do think that eventually we will bounce hard just based on technical aspects, without the need of positive news. This downtrend is obviously losing fuel, the weekly lower lows, aren't that pronounced so the downtrend triangle will eventually break upwards.

khaled0111

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It is possible and expected. All experts think that bitcoin will touch 50k and more.
Don't be afraid and have faith in cryptocurrencies. It is a growing market and everything is possible.
Don't get fuled by the drops of prices.

YuginKadoya

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Quote from: Rozita on August 05, 2018, 12:59:48 PM

Bitcoin price was less than a dollar a day. At the beginning of 2017 the price was about 1000 dollar? Who did expect the price to reach 20000 dollar?
After the price reached 20000 dollar, there were many people waiting for 100000 dollar. What happened? The price dropped to 6000 dollar. Now the price is 7000 dollar.

So everything is possible. 100 dollar, 10000 dollar and 100000 dollar all are possible.

Everything really is possible with bitcoin it can still get to $10,000 USD this year but not in a one month interval or so, Yes there is possibility but we can not take down the fact that it still can be the opposite around, And about the thing you are saying at the beginning of 2017 the price was $1000 USD then on the almost end of the year the price significantly increase but it didn't reach the $20,000 mark but it is just at the $18,000 USD value, Still it almost reach the $20,000 USD but still it just fall from that spot without further a due, I really think at can happen again but no one knows when.

Rozita

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Bitcoin price was less than a dollar a day. At the beginning of 2017 the price was about 1000 dollar? Who did expect the price to reach 20000 dollar?
After the price reached 20000 dollar, there were many people waiting for 100000 dollar. What happened? The price dropped to 6000 dollar. Now the price is 7000 dollar.

So everything is possible. 100 dollar, 10000 dollar and 100000 dollar all are possible.

okala

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Quote from: mwaqar17 on August 03, 2018, 03:24:58 PM

From the month of march btc is going down gradually, last month it was 6K$ and now after touching 8K$, it have moved to 7300$ again. Do you think it would be possible for BTC to cross 10K$ in the month of august?
Investment is decreased from 140B$ to 127B$ in very short time, that is a very bad sign

It is very possible for bitcoin to cross $10,000 and even moving above. Bitcoin has come out of many bearish trend like this and make a very good bullish trend and I think this year is not exemption. The people dumping will regret in future about what they are doing.

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