Oh My God, What Happened to Bitcoin? - page 4.

txsignatoire

full member

Activity: 153

Merit: 100

Borderless for People, Frictionless for Banks

Quote from: Xester on June 19, 2018, 06:58:32 AM

This is a sad truth that this event have really caused and uproar on the btc market that leads to a panic selling by the traders, bitcoin holders. We can see the value of bitcoin went down as low as 6200 last week but luckily it went back to 6700 this day. Though we are hoping for a bullish move but the Mt. Gox is planning to sell their 160k bitcoin by September and this is really a worrying announcement.

I think it is dood day to all. Bitcoin escaped from the flat, making a jump to ~6800, while upwards signals started to appear a few hours before this jump. Let us analyze further possible movements. 1) At the 4H time frame: After touching the upper bands of channels (BB, KC, DC) - bitcoin tends to confirm and prolong its growth. Though, we should not forget about possible test down of middle line of channels ~6600 (low probability). If to look at MAs analysis, then bitcoin slowed the growth near SMA/EMA60 - and now might take possible back-test down to EMA50 ~6650 or deeper to SMA50 ~6550. This is confirmed by TIs: CCI=153 (negative trend), %R=-34, except DMI=27 (+DI > -DI). Positive signal: EMA6> EMA9> EMA12> EMA26.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

It is true that as of now bitcoin movements is not good because day by day it's decreasing to it's value but I think this situation is only normal things to happen and what the system is. For sure in the next few days it will perform much better again and it will continuously give us benefits that we hoping and wanted to have.

Xester

hero member

Activity: 994

Merit: 544

This is a sad truth that this event have really caused and uproar on the btc market that leads to a panic selling by the traders, bitcoin holders. We can see the value of bitcoin went down as low as 6200 last week but luckily it went back to 6700 this day. Though we are hoping for a bullish move but the Mt. Gox is planning to sell their 160k bitcoin by September and this is really a worrying announcement.

Al-e_x

member

Activity: 560

Merit: 11

yes, exchange crypto coinrail has been hacked, coinrail exchange suffered a loss of $ 40 million. the source is the ICO token. NPXS tokens that experienced the biggest losses.

and this accident will make the longer correction. and bitcoin will also be difficult to rise again.

bangkecol

sr. member

Activity: 784

Merit: 314

this includes a very long consolidation of bitcoin this year, if I look technically, it is not impossible that bitcoin will drop to the price of $ 3000 but it needs some retest which will be the decisive point of this bitcoin price, one of them at the price of $ 5600

finlandais

full member

Activity: 397

Merit: 100

When we invest somewhere that doesn't mean that we will get profit the very next day.We have to show patience.At present we all know that bitcoin value is very low and it is showing no improvement, but that does not mean that it is going to end or its value will not increase.We are prepared enough for such ups and downs.At this time we should stay calm.People are very disturbed with the market value of BTC and they are selling them at very low rate.We should not get confused at this time.Just believe in bitcoin, it will do a comeback soon.

TheChung1904

newbie

Activity: 17

Merit: 0

This is not forever pouring, a technology like this will deserve to be headed.

stayeduptolate

hero member

Activity: 980

Merit: 502

Quote from: CRYPTO EVEREST on June 11, 2018, 07:55:32 AM

Yesterday, Coinrail, a south Korean trading platform, suffered a cyber intrusion that caused bitcoin prices to fall. And the decline was the highest in three months. (about 50 percent).

For me, Cryptocurrency is an amazing thing, which has changed so quickly that we can only make a rough guess by K chart analysis.

https://twitter.com/Coinrail_Korea/status/1005650529773486080

Bitcoin has a strong short position and it is aiming to push prices down to a low of $6,000 in February 2018. As you can see from the picture, the bitcoin bearish signal is still strong.
Within a week or two, bitcoin prices could fall below $6,000, and over the next 48 hours the BTC could bounce back slightly to $7,000 to $7240, before falling further.

Only if the daily closing price is above the 10MA (at $7500) can the bearish be stopped.

Disclaimer: This article is not meant to constitute trading/investment advice. Please use extreme caution when trading any cryptocurrency.

If you have different opinions, you can reply after reading.
Welcome to join our Telegram Group and discuss together.

Telegram Group
https://t.me/CRYPTO_EVEREST

Twitter
https://twitter.com/CRYPTO_EVEREST

According to me the valuation in deflation you are seeing is not as it is looking. Bitcoin being volatile crypto currency, its valuation keeps on flactuating and I guess only the valuation of bitcoin undergoes such frequent flactuation but the picture is not that dirty as it seems to be because if we look at the average valuation like for an year then we can easily see that it is quite stable and there is very less flactuation in the valuation for an average and by the way the flactuation in valuation is very common in all investment.

olenka.1988

jr. member

Activity: 152

Merit: 1

I think bitcoin takes its best position from which it will grow, it's like boring a borehole, it meant we try to depth, but when we spread it we swing it in full

Kprawn

legendary

Activity: 1904

Merit: 1074

That little hack has not trigger anything at all, because we had much bigger hacks on major exchanges and the price has not

been influenced like this back then. The hack was directed at a bunch of Alt coins and no bitcoins was lost. Huh

I think some

manipulation was going on and when the SEC got involved to investigate these rumours of manipulation, these guys pulled

their coins from the exchanges and stopped manipulating the price. Roll Eyes

Marlo Stanfield

sr. member

Activity: 490

Merit: 280

Quote from: First77 on June 11, 2018, 08:01:21 AM

This is second time Bitcoin will fall below $6000. Gold and Silver stored in vaults are more safer investments than a computer generated asset which can be hacked/stolen online.

It is not easy to carry 10 kilos. Whereas electronic transfer/hacking just needs a button.

The fact that's it's not easy to carry 10 kilos is precisely one of the reasons Bitcoin has overtaken silver and is aiming to overtake gold in this asset class. Having the rarity and the ability to send the total value to anyone in a quick single transaction is a massive advantage in utility. And when it's properly secure, it's ultra secure.

KobeBriant 24

member

Activity: 205

Merit: 10

Tether is fucking us at the moment because we are knowing the real truth about it, that is the main reason of why a lot of people are leaving bitcoin because of it

lzby2000

full member

Activity: 379

Merit: 100

There is no need to be too surprised that the latest news from the Korean stock exchange, as we all know, is that every year the stock exchange is invaded. It is necessary to place your coins in your wallet instead of on the exchange.

SabrinaSwo

newbie

Activity: 14

Merit: 0

I want to share with you my latest discovery - HelloGold. It is foundation which goals are both heavily vested in blockchain technology and focused on expanding the availability of products that are targeted at helping the underserved and unbanked. Moreover, they have really good conditions for people who joined to Airdrops.io on Telegram and Twitter - you can receive 150 HGT tokens. I did it and it is great! Anyways, good luck with your investments

If you want, you can learn more #HelloGoldFoundation

ErlindaBit

newbie

Activity: 227

Merit: 0

I am quite calm by facing this situation. Although this is a very sharp price decline. But I can not possibly sell in a situation like this, just get a big loss if I sell it right now. So basically, I want you to hold Bitcoin in the present situation.

RawDog

legendary

Activity: 1596

Merit: 1026

Quote from: Arafat01775 on June 17, 2018, 03:14:08 AM

Nothing to happen with bitcoin everything will be okay . Don't be hopeless dear bro .

Bitcorn is shit now. Total shit. Damn think is broken.

The KGB

member

Activity: 122

Merit: 10

Just take as reference the entire forum, you will clearly see that it is full of FUD and that is the main reason of why everything is being dumped now..

Mymikagab

member

Activity: 574

Merit: 10

there's nothing to scare bitcoin is rolling sometimes they up sometimes they down.You are just surprised at the sudden increase,so bitcoin likes to be surprised us.so nothing to worry,dont loose hope everythings gonna be good.What you should do is trust bitcoin

sindikat

full member

Activity: 364

Merit: 106

Quote from: Boldmaxx on June 17, 2018, 05:12:37 AM

The conrail attack is another evidence that blockchain technology has not grow into a level of absolute maturity. The platform can't avoid incident like this as it continues to grow likewise the effect on the market generally. Bitcoin will bounce back, and when it does, those that fail to take the advantage of this price dip will rue their decision.

I don't agree with you. In order to protect the exchange from hacking does not need a lot of resources. You just have to want to. I'm sure the exchanges themselves are to blame for their assets being stolen. Perhaps some employees of the exchange or their managers are involved in this. Over time, there will be exchanges that value their reputation. It takes time for that to happen. This business is still very young.

hexline11

newbie

Activity: 61

Merit: 0

Bitcoin is at a great danger and it is a serious matter to be discussed. I hope bitcoin can recover and will able to solve the problem in no time.

Topic: Oh My God, What Happened to Bitcoin? - page 4. (Read 1546 times)