Last correction before 700+ breakout - page 2.

bamboylee

hero member

Activity: 1148

Merit: 504

Quote from: Doms on October 25, 2016, 04:18:36 AM

Let's not get ahead of ourselves here. At the current price, the $650 resistance will be tested in the coming days. Let us see how the price behaves from here on in. If the price successfully breaks that resistance and eventually goes to $700, I hope it is not too soon. Too fast a rise almost always results in quick drops as well. Better for the price to move up slowly, and pull back a little so that it is something that's more healthy and within the normal movement.

The 650 price is quite holding quite steadily. I think it will break that resistance soon. It does not matter if it reach 700 too soon as long as it stays there. It has reached that price before and even hit 800 a few months back. If not for some bad events, it could have stayed at that price and it could be higher now.

kwukduck

legendary

Activity: 1937

Merit: 1001

Y'all completely delusional. This market is owned by a hand full of people. It's pure manipulation to get you to spend your fiat and make them rich.

Consider all the flaws in bitcoin at protocol level.

Bitcoin does not scale!
Bitcoin is not anonymous!
Bitcoin is a privacy risk!
Bitcoin is too slow for real world applications!
Bitcoin does not allow much more than just fake fantasy money unlike many smart dynamic blockchains!
Bitcoin is mostly owned and controlled by a hand full of people!
Bitcoin makes you suspect of illegal activities!

ynef

full member

Activity: 158

Merit: 100

Less than $50 more to rise for it to reach $700. It's looks so delicious... However Bitcoin is crazy. And the traders even crazier. If it reaches $700 there could be a significant dump shortly after.

Doms

hero member

Activity: 714

Merit: 500

Let's not get ahead of ourselves here. At the current price, the $650 resistance will be tested in the coming days. Let us see how the price behaves from here on in. If the price successfully breaks that resistance and eventually goes to $700, I hope it is not too soon. Too fast a rise almost always results in quick drops as well. Better for the price to move up slowly, and pull back a little so that it is something that's more healthy and within the normal movement.

uki

legendary

Activity: 1358

Merit: 1000

cryptojunk bag holder

Quote from: azguard on October 24, 2016, 07:16:07 AM

Quote from: Snorek on October 23, 2016, 06:42:19 AM

So correction of price is over now and advancing moves are happening? The price was as high as $675, but dropped a little now.
Question: do we wait for more gains, hoping that bearish trend will continue or it is a good time to sell some BTC?

we all hope for this but im still little skeptic about it think that this 700 is really hard barrier to brake but if somehow we manage to do it dont know and can predict what will be price for bitcoin after that
and i have high hopes just for steady rise in price sudden bigger jump wont do any good cuz after that sudden drop comes out

I agree. I don't expect any sudden long jump up at the moment. It is more about making small steps forward. And at the moment the first obstacle is the $650 level. Let's make it first, and stay above for some time. Then we can think of $700. And I agree it won't be easy to make it.

azguard

legendary

Activity: 1484

Merit: 1001

Crypto-News.net: News from Crypto World

Quote from: Snorek on October 23, 2016, 06:42:19 AM

So correction of price is over now and advancing moves are happening? The price was as high as $675, but dropped a little now.
Question: do we wait for more gains, hoping that bearish trend will continue or it is a good time to sell some BTC?

we all hope for this but im still little skeptic about it think that this 700 is really hard barrier to brake but if somehow we manage to do it dont know and can predict what will be price for bitcoin after that
and i have high hopes just for steady rise in price sudden bigger jump wont do any good cuz after that sudden drop comes out

jondeen707

member

Activity: 84

Merit: 10

Quote from: bitebits on October 22, 2016, 07:07:51 AM

Quote from: Catmony on October 21, 2016, 11:21:33 AM

Price this year been quite fluctuating due to bitfinex hack lossing thousands of bitcoin however it is nice to see price is moving towards before hack time price already and if $700 is crossed in next pump we will be again before bitfinex hack price range. Grin

$700 is comming...

Don't worry, Bitfinex is gently asking the supposed hacker to return the bitcoins. /s

If they do get 'returned' we can be sure it actually is an inside job.

Yes, all that looks very fishy, especially given that we all are kept in the dark on the investigation.

Snorek

legendary

Activity: 1400

Merit: 1001

So correction of price is over now and advancing moves are happening? The price was as high as $675, but dropped a little now.
Question: do we wait for more gains, hoping that bearish trend will continue or it is a good time to sell some BTC?

uki

legendary

Activity: 1358

Merit: 1000

cryptojunk bag holder

Quote from: bamboylee on October 22, 2016, 12:23:55 PM

Quote from: uki on October 22, 2016, 05:30:26 AM

Quote from: Denker on October 22, 2016, 04:47:57 AM

I agree.Patience is needed and a price around $700 is still a realistic aim for the end of that year.
But I wouldn't expect much more than that.
If we should reach the ~700, a bit more or less doesn't really matter, we then had a really good run in 2016!
Remember that 13 months ago we had been in the 200s!! Therefore I see this as a really strong comeback of Bitcoin in terms of price this year!!

And that is yet another good point. If things taken in proper perspective, 2016 has been a great year so far.
Great growth and with price now around $600-650, people who had enough patience got quite a chunky gain.
It is all about how realistic price expectations you may have. I know that many were expecting moon or beyond, just because of the halving.
They put their 0.1BTC hoping it will grow 10 or 20 fold, just like that. Well, that is not that easy, and I hope that was a good lesson for them how difficult it is to even double the price from where we are now.

Those who got started with bitcoin last year, like me, is very satisfied with the growth of bitcoin this year. We even hit 800 at one point. Maybe those who started this year are the impatient ones. This long correction phase bores them. I think this is about to end and the price will start to pump as the holidays are fast approaching.

That is right. The newcomers are usually impatient, nothing new about it. It usually take them until the first bigger loss that helps them put the things in a proper perspective.
Things take time even in Bitcoin and one has to learn to live with that and trade it to his/her advantage.

uki

legendary

Activity: 1358

Merit: 1000

cryptojunk bag holder

Quote from: maku on October 22, 2016, 06:27:51 AM

Quote from: Herbert2020 on October 20, 2016, 03:17:26 AM

there are some potential news on the way in the very near future that can change the way market is to kick start the new breakout to above $700.
and in my opinion the two most important (most hyped) events are the US president and also obviously the block size debate.

Only blocksize debate matters, albeit not as much as you might think.
US presidential election is insignificant event - bitcoin or regulating cryptocurrency in general is not priority for both Clinton or Trump.
People were saying that in case of Brexit bitcoin price will skyrocket, it didn't happen.

Blocksize debate has been used as a potential key factor for about 18 months already. Actually it is a non-argument as long as there is nothing coming out of these talks, as in the last year or so.

Zadicar

legendary

Activity: 1302

Merit: 1018

Cashback 15%

Quote from: Ayers on October 22, 2016, 12:30:41 PM

Quote from: cpfreeplz on October 22, 2016, 10:25:42 AM

We're definitely seeing a good increase now

I'm assuming we'll be breaking $700 within two weeks (but we'll see if any damn exchanges get hacked lol).

i really think that you need a solid pump to have a new floor, with these slow motion, the market is not going anywhere, at the first dump we are again at the beginning of this, what i want to say is that i'm not really sure this last increasy is very stable, i've seen this already, it will usually return at the previous point

These price increase are just normal though hence bitcoins price is moving on any way and as you mentioned we saw this kind of movements that like they are just hyping up and suddenly goes back to its previous price which is no surprise anymore for me.

outatime1

sr. member

Activity: 364

Merit: 254

CryptoTalk.Org - Get Paid for every Post!

It looks like you may be on to something. Then increase today has been about 5% so far. I think we could see the price hit $700 soon. Although it wouldn't surprise me if we saw another correction before then.

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

Quote from: cpfreeplz on October 22, 2016, 10:25:42 AM

We're definitely seeing a good increase now

I'm assuming we'll be breaking $700 within two weeks (but we'll see if any damn exchanges get hacked lol).

i really think that you need a solid pump to have a new floor, with these slow motion, the market is not going anywhere, at the first dump we are again at the beginning of this, what i want to say is that i'm not really sure this last increasy is very stable, i've seen this already, it will usually return at the previous point

bamboylee

hero member

Activity: 1148

Merit: 504

Quote from: uki on October 22, 2016, 05:30:26 AM

Quote from: Denker on October 22, 2016, 04:47:57 AM

I agree.Patience is needed and a price around $700 is still a realistic aim for the end of that year.
But I wouldn't expect much more than that.
If we should reach the ~700, a bit more or less doesn't really matter, we then had a really good run in 2016!
Remember that 13 months ago we had been in the 200s!! Therefore I see this as a really strong comeback of Bitcoin in terms of price this year!!

And that is yet another good point. If things taken in proper perspective, 2016 has been a great year so far.
Great growth and with price now around $600-650, people who had enough patience got quite a chunky gain.
It is all about how realistic price expectations you may have. I know that many were expecting moon or beyond, just because of the halving.
They put their 0.1BTC hoping it will grow 10 or 20 fold, just like that. Well, that is not that easy, and I hope that was a good lesson for them how difficult it is to even double the price from where we are now.

Those who got started with bitcoin last year, like me, is very satisfied with the growth of bitcoin this year. We even hit 800 at one point. Maybe those who started this year are the impatient ones. This long correction phase bores them. I think this is about to end and the price will start to pump as the holidays are fast approaching.

cpfreeplz

legendary

Activity: 966

Merit: 1042

We're definitely seeing a good increase now

I'm assuming we'll be breaking $700 within two weeks (but we'll see if any damn exchanges get hacked lol).

pitham1

legendary

Activity: 1232

Merit: 1000

Quote from: bitebits on October 22, 2016, 07:07:51 AM

Quote from: Catmony on October 21, 2016, 11:21:33 AM

Price this year been quite fluctuating due to bitfinex hack lossing thousands of bitcoin however it is nice to see price is moving towards before hack time price already and if $700 is crossed in next pump we will be again before bitfinex hack price range. Grin

$700 is comming...

Don't worry, Bitfinex is gently asking the supposed hacker to return the bitcoins. /s

If they do get 'returned' we can be sure it actually is an inside job.

Bitfinex is being investigated by multiple agencies. Their strategy of giving tokens has not worked.
They have to return the bitcoins stolen, or be hauled up by the authorities.

jondeen707

member

Activity: 84

Merit: 10

Quote from: 1Referee on October 20, 2016, 05:07:33 AM

Quote from: lexuz on October 20, 2016, 03:38:32 AM

In a few months bitcoin price never can't break $650 maybe it's the time we must lose a hope to seeing bitcoin price touch $700 in this year.

No need to lose hope, but the point is that the majority of the people here expect too much from the price. Reaching $700 this year is a realistic possibility as there are more than 2 months to go before this year ends. But hoping for prices higher than $700 is more like wishful thinking. I think $700-$720 will be the peak that we will see in the remaining time of this year, and after that it will settle below $700.

Yes, $700 by the end of the year is realistic, yet I agree that it may as well not happen, but that's not too much of a deal anyway.

bitebits

legendary

Activity: 2210

Merit: 3172

Flippin' burgers since 1163.

Quote from: Catmony on October 21, 2016, 11:21:33 AM

Price this year been quite fluctuating due to bitfinex hack lossing thousands of bitcoin however it is nice to see price is moving towards before hack time price already and if $700 is crossed in next pump we will be again before bitfinex hack price range. Grin

$700 is comming...

Don't worry, Bitfinex is gently asking the supposed hacker to return the bitcoins. /s

If they do get 'returned' we can be sure it actually is an inside job.

bitebits

legendary

Activity: 2210

Merit: 3172

Flippin' burgers since 1163.

Quote from: LFC_Bitcoin on October 20, 2016, 02:07:03 PM

Quote from: SONG GEET on October 20, 2016, 05:15:44 AM

I think this price correction already got its buttom yesterday at around $625 so i am tightening my belts for another big pump. Grin

I hope so, the whole forum is very quiet lately, I hope that isn't a reflection of things to come with regards to price etc. There just doesn't seem to be much excitement around at the moment.

Are people losing interest?

In the wall observer tread, that historically has been a bullish indicator (counting Chartbuddy's in a row).
Now imagine that rule can be extended to the whole forum turning quiet.

BitcoinHodler

hero member

Activity: 1456

Merit: 578

HODLing is an art, not just a word...

Quote from: maku on October 22, 2016, 06:27:51 AM

Quote from: Herbert2020 on October 20, 2016, 03:17:26 AM

there are some potential news on the way in the very near future that can change the way market is to kick start the new breakout to above $700.
and in my opinion the two most important (most hyped) events are the US president and also obviously the block size debate.

Only blocksize debate matters, albeit not as much as you might think.
US presidential election is insignificant event - bitcoin or regulating cryptocurrency in general is not priority for both Clinton or Trump.
People were saying that in case of Brexit bitcoin price will skyrocket, it didn't happen.

if you ask me, none of these things matter at all but the reality is different and they will surely affect price in sometimes unexpected sizes.

because if you think about it, the only thing that should affect the price is supply and demand and the demand should only change based on adoption. and since adoption is not changing suddenly the rise should be slow.

now have this even changed anything? no. mostly hype have been affecting the price like the $120 drop because of the bitfinex hack.

Topic: Last correction before 700+ breakout - page 2. (Read 4071 times)