Now That Bitcoin Is Under $1000 Again.. Again...

KingdomHearts

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Quote from: duuuuude on March 19, 2017, 03:08:06 PM

Quote from: Alesis on March 19, 2017, 03:03:03 PM

Quote from: richardsNY on March 19, 2017, 01:51:03 PM

Quote from: r32godzilla on March 19, 2017, 01:42:38 PM

Today the price of bitcoin has crossed $1000 level again and it will keep on moving up and down in coming days too and I don't think there is any thing to worry at all as this fluctuations will always be a part of bitcoin journey and it will recover the price pretty soon.

It's nice of course that the price has gone over $1000 level, but we're still sitting in the same situation. I don't add much value to the price that has gone over $1000 again, because there is no support, and panic still isn't over. It takes a low number of coins to get the price to dive under $1000 again, and thus -- we're not save yet. Currently it's party time for day traders.

While the panic is still going on, I think that Bitcoin has reached its short-term support level at around $1000 until the hard fork is imminent (as in within an expected week or so). I think that most ordinary users are comfortable holding their Bitcoin.

People who have faith that price of bitcoin will recover again will prefer to hold their bitcoins without selling them at this stage and I think that is the right thing to do as if you sell them now it will not give you higher profits which can be possible in future if you hold till the price goes higher.

yeah hold your bitcoin is much more better for the price of bitcoin when we hold our bitcoin then demand will increase and when demand will increase then bitcoin price will goes to more higher.

richardsNY

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Quote from: Alesis on March 19, 2017, 03:03:03 PM

While the panic is still going on, I think that Bitcoin has reached its short-term support level at around $1000 until the hard fork is imminent (as in within an expected week or so). I think that most ordinary users are comfortable holding their Bitcoin.

I can agree with that. If you look realistically at how the current situation is, then there is no (not yet) reason to panic, but we all know that panic and Bitcoin are two things that are firmly tied to each other. If you browse through various mainstream crypto related news sites, then they are basically not helping in calming down people with all kinds of flashy headlines to attract people to click on them. Situation as it is right now is over exaggerated.

duuuuude

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Quote from: Alesis on March 19, 2017, 03:03:03 PM

Quote from: richardsNY on March 19, 2017, 01:51:03 PM

Quote from: r32godzilla on March 19, 2017, 01:42:38 PM

Today the price of bitcoin has crossed $1000 level again and it will keep on moving up and down in coming days too and I don't think there is any thing to worry at all as this fluctuations will always be a part of bitcoin journey and it will recover the price pretty soon.

It's nice of course that the price has gone over $1000 level, but we're still sitting in the same situation. I don't add much value to the price that has gone over $1000 again, because there is no support, and panic still isn't over. It takes a low number of coins to get the price to dive under $1000 again, and thus -- we're not save yet. Currently it's party time for day traders.

While the panic is still going on, I think that Bitcoin has reached its short-term support level at around $1000 until the hard fork is imminent (as in within an expected week or so). I think that most ordinary users are comfortable holding their Bitcoin.

People who have faith that price of bitcoin will recover again will prefer to hold their bitcoins without selling them at this stage and I think that is the right thing to do as if you sell them now it will not give you higher profits which can be possible in future if you hold till the price goes higher.

Alesis

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Quote from: richardsNY on March 19, 2017, 01:51:03 PM

Quote from: r32godzilla on March 19, 2017, 01:42:38 PM

Today the price of bitcoin has crossed $1000 level again and it will keep on moving up and down in coming days too and I don't think there is any thing to worry at all as this fluctuations will always be a part of bitcoin journey and it will recover the price pretty soon.

It's nice of course that the price has gone over $1000 level, but we're still sitting in the same situation. I don't add much value to the price that has gone over $1000 again, because there is no support, and panic still isn't over. It takes a low number of coins to get the price to dive under $1000 again, and thus -- we're not save yet. Currently it's party time for day traders.

While the panic is still going on, I think that Bitcoin has reached its short-term support level at around $1000 until the hard fork is imminent (as in within an expected week or so). I think that most ordinary users are comfortable holding their Bitcoin.

HarryKPeters

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Quote from: royalfestus on March 19, 2017, 01:48:32 PM

It is back above $1000. The $1000 is a conquered threshold, if it goes beyond it it wont last a while. I once told said, $2000 mark this year may not be feasible but 1500 at the end of the year is sure. If it growing steadily, it gets more reliable than a steep growth

I think the coming weeks will be turbulent, which is why I decided to wait it out. Having some btc and some in altcoins, it's just a matter of time before the market will show a permanent direction.

richardsNY

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Quote from: r32godzilla on March 19, 2017, 01:42:38 PM

Today the price of bitcoin has crossed $1000 level again and it will keep on moving up and down in coming days too and I don't think there is any thing to worry at all as this fluctuations will always be a part of bitcoin journey and it will recover the price pretty soon.

It's nice of course that the price has gone over $1000 level, but we're still sitting in the same situation. I don't add much value to the price that has gone over $1000 again, because there is no support, and panic still isn't over. It takes a low number of coins to get the price to dive under $1000 again, and thus -- we're not save yet. Currently it's party time for day traders.

royalfestus

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It is back above $1000. The $1000 is a conquered threshold, if it goes beyond it it wont last a while. I once said, $2000 mark this year may not be feasible but 1500 at the end of the year is sure. If it is growing steadily, it gets more reliable than a steep growth

r32godzilla

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Today the price of bitcoin has crossed $1000 level again and it will keep on moving up and down in coming days too and I don't think there is any thing to worry at all as this fluctuations will always be a part of bitcoin journey and it will recover the price pretty soon.

maydna

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Quote from: Balmtand on February 25, 2017, 03:31:43 AM

Quote from: Mr.grin on January 07, 2017, 08:53:36 AM

Well, this is a similar situation in 2013, bitcoin prices continue to decline when the price reaches $ 1000 price bitcoin. whether the price of $ 1000 is an unlucky number for bitcoin? I do not think so. it is because people are always aiming to sell their bitcoin bitcoin when the price reaches $ 1000 price. Well, I just hope that the prices stabilized at a high price.

Things are different now. It is possible the average price will be higher than $1000 this year.

i think we are not waiting to long to see more than $1,000 in this year because now the price is more than $11xx and will be increase more soon. but i am afraid if suddenly we are going to see the down trend in one or two months later, there will be many people and traders will shock to see the price. but if its really happen, then i think its a normal condition as the bitcoin price is always fluctuative and in the end, the price is always increase more than before.

Balmtand

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Quote from: Mr.grin on January 07, 2017, 08:53:36 AM

Well, this is a similar situation in 2013, bitcoin prices continue to decline when the price reaches $ 1000 price bitcoin. whether the price of $ 1000 is an unlucky number for bitcoin? I do not think so. it is because people are always aiming to sell their bitcoin bitcoin when the price reaches $ 1000 price. Well, I just hope that the prices stabilized at a high price.

Things are different now. It is possible the average price will be higher than $1000 this year.

Mr.grin

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Well, this is a similar situation in 2013, bitcoin prices continue to decline when the price reaches $ 1000 price bitcoin. whether the price of $ 1000 is an unlucky number for bitcoin? I do not think so. it is because people are always aiming to sell their bitcoin bitcoin when the price reaches $ 1000 price. Well, I just hope that the prices stabilized at a high price.

equator

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Quote from: Hazir on January 07, 2017, 12:30:34 AM

Quote from: Kevinde on January 06, 2017, 11:58:52 PM

Quote from: weilichesbin on January 05, 2017, 09:36:50 AM

I think next Floor will be around 500Dollars. The Problem is the Chinese Governence which will decide not to allow BTC anymore and to hurt users very much that are using btc.

That is correct, Guy. It must return under 500$ because of banning bitcoin in China. Chinese is holding nearly 90% of bitcoins in the world and Once the ban was enacted . Bitcoin market will be down deeply.

What are you talking about? China is not banned bitcoin, nor is planning to do so, as far as I am aware. Where did you hear this news?

Please don't spread unconfirmed FUD.

They are not banning but they are regulating some conditions of using it and they are motoring on the cryptocurrency transactions that is why the users are getting afraid and that is the main reason for the decline, what ever it is always that when it reached the high and some bad news will follow and it will make the price down.

uki

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Quote from: gilangIDR on January 06, 2017, 07:59:50 PM

bitcoin prices continue to decline when the current is very strong. I still do not understand any incident that could cause this. of course this will create chaos in the financial markets bitcoin.

I guess with your experience level you should already understand how pump and dump works. Bitcoin was pumped well beyond its current market value and now the prices are (quickly) coming back to the normal levels. Let's see where the bottom, also called the real market price, is. I guess we may see a retest of $700 soon.

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Quote from: Kevinde on January 06, 2017, 11:58:52 PM

Quote from: weilichesbin on January 05, 2017, 09:36:50 AM

I think next Floor will be around 500Dollars. The Problem is the Chinese Governence which will decide not to allow BTC anymore and to hurt users very much that are using btc.

That is correct, Guy. It must return under 500$ because of banning bitcoin in China. Chinese is holding nearly 90% of bitcoins in the world and Once the ban was enacted . Bitcoin market will be down deeply.

What are you talking about? China is not banned bitcoin, nor is planning to do so, as far as I am aware. Where did you hear this news?

Please don't spread unconfirmed FUD.

Kevinde

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Quote from: weilichesbin on January 05, 2017, 09:36:50 AM

I think next Floor will be around 500Dollars. The Problem is the Chinese Governence which will decide not to allow BTC anymore and to hurt users very much that are using btc.

That is correct, Guy. It must return under 500$ because of banning bitcoin in China. Chinese is holding nearly 90% of bitcoins in the world and Once the ban was enacted . Bitcoin market will be down deeply.

U2

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I used to be indecisive, but now I'm not sure...

Now is the perfect time to buy buy buy! Bitcoins are on discount. This week only. We're crazy to let them go this cheap so get on the ticket to the moon while you can!!! I love a good dip because when we go back up I see big $$$.

btcton

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Quote from: RoommateAgreement on January 06, 2017, 11:12:06 PM

Quote from: Sweeet on January 05, 2017, 08:56:42 AM

What will happen now that bitcoin is under 1000, will it bounce back up from 940 or will it continue to spike down? Personally I believe it will continue to spike down a bit and slowly go back up, my guess would be 850-875 and from there it will stabilize.

considering the price was nearly $800 before this spike started and also considering that price was extremely stable and strong with a slow snail-like rise, i can agree with your guess about $850-875 range to be the stable price of these days and then move up from there. maybe in 1-2 months from now.

I posted in another thread about exactly this and the stabilizing point. I feel like it is going to be stabilizing around $700-$800, however. Right now it's at $825 and still decreasing, which indicates that I might most likely be right, assuming it doesn't keep decreasing (fingers crossed).

iTradeChips

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when btc reached around the previous ATH i sold most of what little dust i had. good timing this time. now im looking for a good price to buy some again for cheap when this settles. meanwhile its time to earn some cheap coins thru various gigs here. good look to all

RoommateAgreement

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Quote from: Sweeet on January 05, 2017, 08:56:42 AM

What will happen now that bitcoin is under 1000, will it bounce back up from 940 or will it continue to spike down? Personally I believe it will continue to spike down a bit and slowly go back up, my guess would be 850-875 and from there it will stabilize.

considering the price was nearly $800 before this spike started and also considering that price was extremely stable and strong with a slow snail-like rise, i can agree with your guess about $850-875 range to be the stable price of these days and then move up from there. maybe in 1-2 months from now.

ArdiPrabowo

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this now bitcoin price is down is very fast
until now bitcoin price to down reach 800 dollar
if much people panic sell, is stay panic, i think can down until reach 700 dollar

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