Moving around 650 and i don't like this

Denker

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Quote from: Totalreturnfund on July 22, 2016, 10:26:55 AM

Price is returned around 650 after last pump . If 650 support doesn't hold wr risk a return near 630 and then around 600.

So what?
Take advantage of it.Either you try to short it and maybe make a few bucks, or you accumulate more when it has dropped.
I don't see any reason why we should be worried.
Have a look at the fundamentals and you'll recognize we are doing absolutely fine.

helloeverybody

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Quote from: Totalreturnfund on July 23, 2016, 02:50:04 AM

I'm afraid of 600 area. If lose this support and return near 550-570, should start a downtrend till 300 Shocked

. Hope i'm wrong.

I hope we get a downtrend to 300 without the death of bitcoin. A lot of the big block supporters seem to be flowing back into eth like a bunch of sheep. not much can be done about that so more money might flow out of bitcoin yet and into tainted coins. Always a good opportunity to buy cheap though.

safari88

legendary

Activity: 1960

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yes you are right, prices could continue to fall to 600, even 500 but I see prices hold steady at $ 650 since halving occurs.
really hard to predict, prices will fall, or miners will continue to stabilize prices or pump prices.

Totalreturnfund

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Hallo world!

I'm afraid of 600 area. If lose this support and return near 550-570, should start a downtrend till 300 Shocked

. Hope i'm wrong.

hasiramasenju

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Activity: 980

Merit: 1000

where did you get this info because as i remember that after halving dates bitcoin prices was never pump and only approximately $640-$670 and yes there is a possibility to bitcoin down again to $600 but i don't think this is will be happen in the near future and i agree with you holding too long bitcoin is very risky currently because nobody can guarantee the prices will stay with the current prices or rise up

Herbert2020

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Quote from: Totalreturnfund on July 22, 2016, 10:26:55 AM

Price is returned around 650 after last pump . If 650 support doesn't hold wr risk a return near 630 and then around 600.

what do you mean by "last pump"?

if you are talking about the $780 then it was supposed to come back down because after the huge and super fast rise there is always a drop back down without an exception. so no surprise there.

but if you are talking about the recent couple of days rise to $670 then you are wrong because it was not a pump. it was only a 3% rise which is nothing and it is completely normal for bitcoin to change in this area. and it will continue going to $630 then to $670 and then to $630 and so on. there is no reason for going any lower except something happens!

angaper

hero member

Activity: 966

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Of course an eternal pump is unsustainable and sometimes the market need to take a break before defining its further direction. We have observed this same behavior in the bitcoin price several times so we need to be patient and wait for the next pump.

darkmagician

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Quote from: Totalreturnfund on July 22, 2016, 10:26:55 AM

Price is returned around 650 after last pump . If 650 support doesn't hold wr risk a return near 630 and then around 600.

always think positive,bitcoin can recover anytime.
And i will not go down to 600$ again.this is the last time we might see that price.

BitHodler

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There is absolutely nothing to worry about as long as we are staying above $600 in the coming weeks.

If the price drops below $600 then a lot people (myself included) will not like it as it took so much time to finally get here.

But I think I will use sub $600 prices to start buying at if it indeed turns out to happen.

Karpeles

legendary

Activity: 1162

Merit: 1000

Too much people talking about price going down and $650 level being broken and an imminent dump incoming,

Therefore now must be a good time to buy

richardsNY

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Quote from: Totalreturnfund on July 22, 2016, 10:26:55 AM

Price is returned around 650 after last pump . If 650 support doesn't hold wr risk a return near 630 and then around 600.

The price is already below the $650 level. I think traders are dumping their coins out of boredom as the price isn't going up. My guess is that the price might touch $620 to $630, but not much lower.

BitMaxz

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Why you dont like this price right now honestly we are not the same we are waiting for price dump and buy price again with low price..

And i think its a long journey again that the price will increase again back to 700 value or more. or this is the same as other year every holidays we will seen that the price is increase and after the winter gradually decreases.
Well i will still watching the graph to analyze what will be happen for the price of bitcoin..

snipie

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It is annoying to see the price kind of stucked around ~ $650 but it is still an opportunity to people to buy more bitcoins at a relative low price until the next wave come and rise it again, hope it will not take too much time... Sad

iv4n

legendary

Activity: 3248

Merit: 1179

It's still around 650 $ and that is what counts. This fluctuations are normal thing with any alt coin, bitcoin will soon rise again.
I'm not surprised with this little dumps, smart trader make profit on this, do you remember all the comments about how people are bored when price is to stable? So just enjoy, if you have some money you can buy more coins, when it rise sell it, and all that again, now its easy for everyone to open account on some site and try to trade.

th3nolo

hero member

Activity: 1232

Merit: 669

Agree price like 600$ its ok bitcoin always have this changes, probably you buy bitcoin at 660 and this why you don't like.
keep calm after halving the price of the bitcoin is held not under too much

ImHash

hero member

Activity: 924

Merit: 506

It's really simple when people mine they sell and price goes down and people again start to mine so in the time by which takes them to mine some bitcoins other people are buying and price goes up, again miners come to sell price down, so this is the cycle that is going to be repeated till there are no bitcoins to mine, you can adjust your strategies by that estimation.

Gutembergin

full member

Activity: 176

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Sell pressure is behind us. people who own bitcoin today are not the same people who owned bitcoin years ago. The bitcoin are now in strong hands and will only go up over the next few years. So don't worry about the small swings and just make sure you buy as many btc as you can.

ivanst776

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Quote from: Totalreturnfund on July 22, 2016, 10:26:55 AM

Price is returned around 650 after last pump . If 650 support doesn't hold wr risk a return near 630 and then around 600.

It's not bad the price moving around $600+, I was really afraid that these days the price will drop down because people are not much active on the internet they are on holidays and spending money there, even though the price today dropped a bit I think everything 600 and up is welcome.

talks_cheep

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Activity: 1036

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I was expecting a drop, so wasn't surprised by it. Bitcoin tends to drop after going sideways, it's never stable. It seems stable for a couple days but, boom, it drops more often than rises. The long time shorters are very well acquainted with this characteristic. You all better get on with the program.

Ibian

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Most of us are not on btce, I wish the price actually went that low on real exchanges.

Topic: Moving around 650 and i don't like this (Read 814 times)