is this the bear market? or is this just fantasy? - page 2.

peter0425

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Quote from: dodopool on September 20, 2017, 07:02:26 PM

These dumps keeps coming day after day, btc holding "OK" so far, but is this still all about china? or are we now in the long bear market since 5000 usd?

edit: also people keep talking about this being the best time to buy when prices are low, but in a free market, the concept of "best time" and "low" are relative.

anyone putting absolute bottom below 2200?

Well another round of news saying that China is going after bitcoin mining farms now, so its possibility that what we are seeing are dumps because of the "news", fake or not. I don't see the absolute bottom below $2200, although I feel that it can go further at $2300-2400. Well good buying point is relative, but of course we always love to buy when we see the price floor. Just like last week before the recovery begun, the price bottom at around $2800-$2900 before reaching $4000 again.

jaysabi

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Quote from: dodopool on September 20, 2017, 07:02:26 PM

These dumps keeps coming day after day, btc holding "OK" so far, but is this still all about china? or are we now in the long bear market since 5000 usd?

edit: also people keep talking about this being the best time to buy when prices are low, but in a free market, the concept of "best time" and "low" are relative.

anyone putting absolute bottom below 2200?

Reversion to the mean as far as volatility goes. Bitcoin was extraordinarily stable for an extraordinarily long time by Bitcoin standards. I wouldn't characterize the selling going on as "dumping" unless it's heavy and sustained. What we've seen thus far is people trading in the volatility not dumping and staying away.

dodopool

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Quote from: allthingsluxury on September 20, 2017, 08:20:24 PM

The charts certainty look like we are in for a retracted period. We will see going forward, it is going to have to show great strength in the coming days, otherwise were looking at $3000 USD as the next major support.

I was shorting when it broke 3K on 15th, I could not believe my eyes that there were no support, I blinked a few times rubbed my eyes, and it was all fixed a few minutes after and I closed around 3150

allthingsluxury

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The charts certainty look like we are in for a retracted period. We will see going forward, it is going to have to show great strength in the coming days, otherwise were looking at $3000 USD as the next major support.

unholycactus

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Quote from: dodopool on September 20, 2017, 07:02:26 PM

These dumps keeps coming day after day, btc holding "OK" so far, but is this still all about china? or are we now in the long bear market since 5000 usd?

edit: also people keep talking about this being the best time to buy when prices are low, but in a free market, the concept of "best time" and "low" are relative.

anyone putting absolute bottom below 2200?

Best time to buy is always now.
Timing the marking is not something you ever should do and it makes even less sense with Bitcoin (compared to stocks)

WoodySpoon

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Quote from: dodopool on September 20, 2017, 07:02:26 PM

These dumps keeps coming day after day, btc holding "OK" so far, but is this still all about china? or are we now in the long bear market since 5000 usd?

edit: also people keep talking about this being the best time to buy when prices are low, but in a free market, the concept of "best time" and "low" are relative.

anyone putting absolute bottom below 2200?

Unlikely that the market is shifting towards a bearish trend.

Bitcoin has yet to develop fully and we'll definitely see some interesting trends leading into 2018. Most larger investment firms are starting to accept Bitcoin as a noteworthy investment and we'll be sure to see a lot of trading volume increasing over the next year.

Regulatory bodies however are starting to come out to play so moving fiat into Bitcoin is starting to become much harder, it'll be interesting to see the impact of this trend. As with China, this may only be short term.

News articles are still playing a huge impact on the price, sentiment seems to be good, likely will see further good news which will attract newer investment.

Problems may arise from the growth of the ICO boom, eventually they will need to cash out, lots of Ether and BTC amongst these companies waiting to be cashed out - could be a problem next year.

In conclusion, climate is still that of an underdeveloped market, lots of factors at play but doubt these are bearish trends.

dodopool

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dodopool.com operator

These dumps keeps coming day after day, btc holding "OK" so far, but is this still all about china? or are we now in the long bear market since 5000 usd?

edit: also people keep talking about this being the best time to buy when prices are low, but in a free market, the concept of "best time" and "low" are relative.

anyone putting absolute bottom below 2200?

Topic: is this the bear market? or is this just fantasy? - page 2. (Read 848 times)