It is not yet over as bitcoin heading toward $4,500! - page 8.

Koadharber

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Quote from: omonuyak on February 05, 2018, 01:57:43 PM

The was a time when bitcoin went from $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward $4,500 and I hope we are all prepared to buy at the lowest price.

Basing patterns anytime isnt really a guaranteed that we are heading that way and as of now if you do able to see the price it already goes to reversal mode which seeing 4k price isnt really possible on such trend we are seeing now. Hopefully this trend reversal would sustained and heading for new ATH for this year and might takes time but would really be much better to see this thing.

richardsNY

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Quote from: maarx on February 07, 2018, 04:16:03 PM

Investors have started again to look and invest in crypto currencies.

Investors we're never out of the picture to begin with. All the panicking in the market comes from noobs and other retarded gamblers using borrowed money to bank on Bitcoin, while in reality they are just losing out. People apparently still see this market as a joke they can make some easy money with, but I can gladly say that this market doesn't work like that. Difference is that smart capital sold at near peak levels, and buys back right now, while dumb capital bought at near peak levels, and sell at the bottom.

Quote from: maarx on February 07, 2018, 04:16:03 PM

China is revisiting again on the regulations. US and few other countries strted adapting bitcoin. This would slowly increase its values.

China has become far worse in terms of their regulations, and not vice versa. USA haven't adopted Bitcoin, and probably never will. The senate hearing regarding crypto was positive, and that was really it. After so much negativity this was a pretty decent step forward, and that reflects on the market and even the mainstream media. After all their negatively tinted articles they now seem to be less hostile towards crypto, which is just them adapting to the changed sentiment. If the price is going up, they are all cool, but when the price starts to go down, they start talking about governments going to fight crypto, etc.

Crytptohack

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HodL!

Looking at the chart, it appears to have bottomed near the Nov 2017 low around 5500-5700 depending upon the exchange. Running a fibonacci from the July 2017 low to the peak shows the .236 near the same level. Volume has also increased sharply at the V bottom. IMO yesterday may be the bottom.

maarx

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Quote from: omonuyak on February 05, 2018, 01:57:43 PM

The was a time when bitcoin went from $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward $4,500 and I hope we are all prepared to buy at the lowest price.

Today's price turned out to be more positive moving to $8K plus with 24 percentage increase in last 24 hours. We had the same spikes in all top 100 altcoins with green ranks. There is a less chance to go back to $4K and below though we could reach few days before. Investors have started again to look and invest in crypto currencies. China is revisiting again on the regulations. US and few other countries strted adapting bitcoin. This would slowly increase its values.

PartyPete

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Quote from: omonuyak on February 05, 2018, 01:57:43 PM

The was a time when bitcoin went from $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward $4,500 and I hope we are all prepared to buy at the lowest price.

Have a look at the price charts now. The bleeding is now on a halt and prices are gaining again. I do believe there are so much support on 5k-6.5k usd price point. The dips has been massive and now that is gone I hope we are able to scramble from profit out of it.

StochasticOrder

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We've seen these small downward crashes multiple times over the last few years. It still surprises me that the spam panic posts come out in mass each time. Long term if you HODL you made a lot of money and I see no reason to sell now. The only difference between now and the last few years is that there are a lot more cryptos that offer a chance to diversify your holdings.

bering

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$4500 indeed good price to buy back and hold but apparently we won't see the price below at $5000 again because the price of bitcoin today was recovering back even almost all of cryptocurrencies has been in the green mark and possibly in the next few days the price still slightly raising up

trickyriky

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Quote from: omonuyak on February 05, 2018, 01:57:43 PM

The was a time when bitcoin went from $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward $4,500 and I hope we are all prepared to buy at the lowest price.

I doubt very much that it will happen. Crypto society will simply never let Bitcoin fall drastically. I hope the the greatest fall is over.

pcdgroup

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Today, the price is recovering... My coins are recovering too.

drew314

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Yes, this downfall is not over yet. As what I have observed, this downfall will continue and go back to $4000 or even lower than that but it will increase again in the second quarter of the year. Now, many traders are waiting for the lowest price so that they can buy many tokens at lower price then sell or trade it when the price increases again.

paul00

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Yes I agree that there is such pattern on the movements of bitcoin and I guess it is just this season that we are having this trend and hopefully as we go on with the year it will reach what it has been able to reach last year. This only proves that Bitcoin and other Alt coins are currently considered as an asset stored value since the values are fluctuating overtime and it continuously depends its value on the fiat currency that currently exists.

g-uid

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Quote from: Twinscoin2017 on February 05, 2018, 09:43:46 PM

Quote from: 99th on February 05, 2018, 06:14:18 PM

Hey guys. I just read a really good article about the falling price and support points.

Check it out here: https://qz.com/1196866/bitcoin-prices-could-be-40-lower-because-tether-propped-it-up/

It is worth the read.

Well I think even if the price will rich $ 2000 we really didnt neef to get worried our fear cant really help us on this case maybe we should try to extend our patience on the field we really need a long wait on this scenario.The best thing to do is to buy a lot of bitcoin and reserved it for the near future in case the price will rise.

This:

"Based on publicly available information, the report found that bitcoin’s price rose about 40% in the two-hour windows after each batch of newly issued Tether coins arrived at the exchange Bitfinex’s digital wallet, between last April and this January. "

Report referenced is here:

http://www.tetherreport.com

ovcijisir

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Quote from: pcdgroup on February 06, 2018, 12:46:34 PM

I do not think it will go below this support points. 5000$ is a minimum

Yes, but can you back that up with some data or analysis? The truth is Bitcoin will be as worth as people will be willing to pay. No one knows will it drop to 1 $ or rise to 1.000.000 $

pcdgroup

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I do not think it will go below this support points. 5000$ is a minimum

Flickkk

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i just gonna watch how will bitcoin do if it reaches to 4500-5000$
still going to hold even though the price drop hurts my head so bad.
but i guess it's time to buy bitcoin with its current price.
we don't know what will happen on the near future.

gabmen

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Quote from: donte872 on February 05, 2018, 05:46:18 PM

Quote from: juicyjanet88 on February 05, 2018, 02:53:17 PM

Quote from: shulio on February 05, 2018, 02:09:15 PM

There is so much support at 6000 and 5000 dollars. I do not think it will go below this support points.

I suspect a lot of support around 5500 if we ever reach such a level. It was the low of the previous 'crash' in November.

It's still very worthwhile considering that most coins are still up compared to where they were just a few months ago, in fact I think you'll be hard pressed to find any coins that aren't up over the last 3 months.

I think the lowest that bitcoin can drop is the $ 6k level, at which point the bitcoin has very good support and I think it can not drop more than that according to the candlestick chart analysis. So you can buy near 6k $ to buy bitcoin.

Lol. I've noticed people saying that according to TAs bitcoin has a strong support at 11k, then 10k then 9k and so forth. If we dip below 6k then i won't complain. We should've been prepared for these kind of things when we bought our first satoshis. And i think all of us believe that there would be a bounce back, if not this month then probably march so i don't think there's any need to be paranoid

coin_1122

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Right now Bitcoin is in correction mode and there is huge support at 6000$. Maybe it won't drop below 5500$, but it needs to consolidate in order to increase its price, let us wait and see how deep Bitcoin will reach.

ss890

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Quote from: omonuyak on February 05, 2018, 01:57:43 PM

The was a time when bitcoin went from $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward $4,500 and I hope we are all prepared to buy at the lowest price.

Yeah that positive feeling of buying at low, I like that one a lot. When we are going dip down then most of the people will buy it for sure because people and investors are getting very very bold about the investments into bitcoin and other crypto currencies. This way everyone is getting that perfect chance of entering into crypto at perfect time. If we keep our investment like this then we will help it regain the dominance over the other altcoins and thus maintaining its first rank as well as the higher prices for it.

Quote from: symphony X on February 06, 2018, 12:01:07 AM

I almost bought some at 8k, gonna wait a few more days Undecided

You may need to wait longer than that because its not way possible to cash those rates in few days, few weeks can be possible. Dont loose your patience. Just keep holding.

symphony X

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I almost bought some at 8k, gonna wait a few more days Undecided

MiF

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Quote from: ashfer on February 05, 2018, 11:13:26 PM

Now the price of btc has reached 6K USD i am waiting for the maximum lowest rate so that i can also buy more btc at the lowest available rate as every investment form there is even ups and downs in the bitcoin market aswell .If we just go through the market graph of btc of the past few years we can make out about the ups and down btc has gone through and there is nothing to panic about in this correction time.It is true some incidents that take place in the name of btc do affect the market value of btc as the rate of the btc is based on the trust that is being build in by the people within it and not backed or supported by any stock or gold reserve.

Well even if the bitcoin will fall all over a huge price i believe it will rise again in the near future.I think bitcoin will experience a huge dump.The bitcoin may pump because the price of it is really unstable so then the best thing to do is to buy and hold on it today for we can gain a huge amount in rhe near futjre by selling it in a high price.

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