Last correction before 700+ breakout - page 4.

poncom

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Quote from: Denker on October 20, 2016, 05:42:03 AM

It could have been the last correction before another rise.
But we don't know.And I don't care to be honest.
Bitcoin will rise sooner or later.Probably when no one really expect it to happen.The fundamentals are looking really good.
SegWit is close.Lightning winter release is within reach!
What happens short term, up or down, doesn' really bother me.

Bitcoin frequently does the opposite of what most of us expect. Last November no one expected it to reach $500, most of us expected it to go back to $200 after it had reached $300, but we were wrong. We will get a 700+ breakout when most of us expect it to go back down.

Denker

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It could have been the last correction before another rise.
But we don't know.And I don't care to be honest.
Bitcoin will rise sooner or later.Probably when no one really expect it to happen.The fundamentals are looking really good.
SegWit is close.Lightning winter release is within reach!
What happens short term, up or down, doesn' really bother me.

SONG GEET

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

1Referee

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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.

lexuz

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Me, myself and I

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.

Herbert2020

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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.

Oilacris

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Quote from: gokayc on October 19, 2016, 11:49:19 PM

Quote from: Biodom on October 19, 2016, 01:59:16 PM

^^^this chart predicts nothing and, actually, charts in most cases have no predictive value whatsoever.
They are useful tools to provide some rationality afterwards, but that's it.

I totally agree with you. I don't think someone can predict to future price of bitcoin just based on charts. Otherwise It would be f..king easy to being rich.

Charts are just tools regarding on the movement of bitcoins price and we cant really predict the next movement but there are some patterns that we could able to observe and somehow assume the next movement but still we cant guarantee it. No one really knows the future.

gokayc

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Quote from: Biodom on October 19, 2016, 01:59:16 PM

^^^this chart predicts nothing and, actually, charts in most cases have no predictive value whatsoever.
They are useful tools to provide some rationality afterwards, but that's it.

I totally agree with you. I don't think someone can predict to future price of bitcoin just based on charts. Otherwise It would be f..king easy to being rich.

~Bitcoin~

legendary

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May be whales are just creating a little bit of fear on the market by dumping a little bit of their bitcoins so that they can grab new cheap coins greater than what they have dumped. It is obvious to see correction before another pump and i think this correction is also similar and we are ready for next big pump. Wink

BitHodler

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People have been repeatedly saying that if you don't get in right now, that you'll regret it for ever, but the reality shows that there will be plenty of opportunities for people to benefit.

The price goes up and down since the very beginning, and that will not change.

If people miss out on this potential rally, then there will be the next one that they can benefit from. No big deal.

SaShiRaJaVu

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Quote from: Biodom on October 19, 2016, 01:59:16 PM

^^^this chart predicts nothing and, actually, charts in most cases have no predictive value whatsoever.
They are useful tools to provide some rationality afterwards, but that's it.

so how can you know what is going to happen and how can you calculate upper and lower resistance in bitcoin,if you could share your knowledge it would be cool as i am trying to learn all the signs and yet no positive result as i cannot really understand how to identify a certain resistance value

richardsNY

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Quote from: iv4n on October 19, 2016, 02:44:34 PM

We are waiting to come back on 700 dollars for some time, it's finally the time for that. I'm not sure will people buy it now, or they wish more proofs that bitcoin is strong currency, and people should have trust in bitcoins.
I'm saying all summer that we will come back on 700 + dollars, that was so clear from my point of view. And I'm sure that we can see even higer price before new year, jist wait and you will see.

For me personally it doesn't really matter if we manage to see $700 again this year as long as we stay above $600 for the rest of the year. But one thing is sure, if it happens to go to $700 this or next month, then it's a nice bonus for me. Other than that, I'll keep holding my coins as I has been doing for nearly 2 years now.

iv4n

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We are waiting to come back on 700 dollars for some time, it's finally the time for that. I'm not sure will people buy it now, or they wish more proofs that bitcoin is strong currency, and people should have trust in bitcoins.
I'm saying all summer that we will come back on 700 + dollars, that was so clear from my point of view. And I'm sure that we can see even higer price before new year, jist wait and you will see.

amacar2

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The correction volume seem not that high so may be this is last correction we will see before we cross $700 again. Time to wait till this correction find its buttom and buy whatever we can to ride on $700+ price pump train.

ynef

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Quote from: Biodom on October 19, 2016, 01:59:16 PM

^^^this chart predicts nothing and, actually, charts in most cases have no predictive value whatsoever.
They are useful tools to provide some rationality afterwards, but that's it.

You obviously haven't traded a recurring pattern. I'm not necessarily talking about Bitcoin right now either.

Biodom

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^^^this chart predicts nothing and, actually, charts in most cases have no predictive value whatsoever.
They are useful tools to provide some rationality afterwards, but that's it.

ynef

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Quote from: lumeire on October 19, 2016, 12:57:24 PM

Aren't you?

We're always ready if you'd ask me.

Unfortunately no. And I think it's a little too late to sell some of the coins now, but there is a high possibility of bears entering the market. It amazes me how many times the chart has turned into a rectangle like this:

lumeire

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Quote from: ynef on October 19, 2016, 12:42:50 PM

Are we ready for the shitstorm?

Aren't you?

We're always ready if you'd ask me.

ynef

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Are we ready for the shitstorm?

Dux2K

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Considering that price is going Dows at the moment can't tell that it will be 700 any time soon
maybe by end of this year but right now and for this month don't see that price

Topic: Last correction before 700+ breakout - page 4. (Read 4071 times)