People looking at current levels as in it having gone down a lot from the $20k peak, are just idiots. More precisely said, I think current level of around $14k is pretty close to the actual all time high. Some are even that far beyond an idiot, that they believe we are heading towards a bear market due to current levels. Funny thing is that those who complain about current market conditions, are those with the least exposure. They probably just bought a few hundred to a thousand bucks worth of Bitcoin, and just talk nonsense because they don't know anything of this market. Large holders never panic or start acting like a complete by the mainstream media brainwashed fool.
This is the issue, people that have been here the longest know what bitcoin is about and they do not panic anymore but for the investor that is just starting all of these movements in the price of bitcoin are something new and they are not used to a market that moves this fast, not even forex moves like this. 
Topic: Rise, Fall, steady, why Bitcoin is solid at $14,000 ish right now in my opinion (Read 311 times)
January 17, 2018, 02:21:02 PM
January 14, 2018, 04:50:28 PM
It looks good if the bitcoin price is now $13,000 - $14,000 this week I see no serious movement ,maybe too little demand does not explode as of August-september 2017 big demand occurred at the time ,I also think the price of 20,000 is a high price
The demand is still there. If the demand has really decreased, we wouldn't be able to maintain current levels for too long. As we have seen with this market before already, there needs to be a spark that gets people to buy like there is no tomorrow again. It's a fact that the majority of the market (i.e. the less intelligent buyers) gain confidence out of an increasing market, and that confidence is something they need in order to start buying. Previously we had the future market as being the big thing that pushed the market to $20k last year, and now we need to wait till something else initiates the trigger this market needs. It could be lightning network, an ETF, the NYSE announcing an actual date for their future market, etc.
January 14, 2018, 04:03:59 PM
It looks good if the bitcoin price is now $13,000 - $14,000 this week I see no serious movement ,maybe too little demand does not explode as of August-september 2017 big demand occurred at the time ,I also think the price of 20,000 is a high price
January 14, 2018, 03:54:33 PM
I'm starting to believe this is the year of the altcoins, in the same way as last year was the year of bitcoin.
oh, how quickly we forget. the first half of 2017 was all about altcoins. we got the ETF application withdrawals, the BTC market dumped from the highs, and ETH took off. ICO season took off after that. it wasn't until after BIP-91 that altcoin season ended and BTC took over for the rest of the year.
people often miss the forest for the trees. the crypto markets are beginning to look like the real world stock markets. in stocks, you see money flow from sector to sector as funds/investors take their profits and put them into new investments. years ago, my trading buddy pointed this out to me: whales on okcoin/huobi would pump LTC, then they would take profits and buy up BTC. after BTC pumped for a while and LTC had corrected, they rolled their profits into LTC. rinse and repeat. just looks real world sector rotation.
unfortunately, it took a long time for the above realities to sink in for me. now it seems so clear. whatever you do, don't plan on 2018 being "year of the altcoins." this market moves too fast for that. altcoin season could be over in a couple months. it's more important to recognize when BTC is trending strongly. when it is, get the hell out of altcoins.
January 14, 2018, 04:32:52 AM
i like you opinion , $14000 is a platform ,bitcoin need a falt platform ,rise to quickly is not healthy, hope the correction over and goon the up train later.
January 14, 2018, 04:32:10 AM
The $14000 level has hardly lasted 3-4 days. You could argue thata week is a long time in the crypto world. But we haven't had any news flow to warrant a move. The last big news item was speculation around a South Korean ban on cryptos, and the markets did tank after that.
Point is that people shouldn't focus on a certain price level with nothing really bullish to hold on to. I look at the general picture, which is that we are still above the $10,000 level, and that is the only thing that matters for me. In other words, it doesn't hold much value for me if we reach $15,000 and then fall to $13,000, from where we then increase to $17,000, and then again fall to $12,500. It's basically like the mood of a pregnant women - one day you'll get to experience her nice side, and the other day she is going nuts on you, where the day after, or perhaps that same evening everything is all right again. That's how this market has been behaving in the last weeks.
January 14, 2018, 04:01:23 AM
I'm starting to believe this is the year of the altcoins, in the same way as last year was the year of bitcoin.
We can use this to increase our bitcoin stashes, trading altcoins in sites like Bittrex. If the price of bitcoin stays stable at 13-15k range, it will be possible to do that.
Maybe they can alternate from year to year. One year for bitcoin, another for altcoins. It would be a win-win scenario, you could increase your bitcoin stash and in another year, the price of bitcoin would skyrocket.
We can use this to increase our bitcoin stashes, trading altcoins in sites like Bittrex. If the price of bitcoin stays stable at 13-15k range, it will be possible to do that.
Maybe they can alternate from year to year. One year for bitcoin, another for altcoins. It would be a win-win scenario, you could increase your bitcoin stash and in another year, the price of bitcoin would skyrocket.
January 14, 2018, 03:39:49 AM
stabilize at 14,000$ is so good. too many reasons (High fee & South Korea Ban,.......) make the price crashing but it’s stable more than before.
when LN Be realized price will back to rise again to 20,000$ in 24 hours only.
People now smarter than before "Do not panic or Fast selling".
when LN Be realized price will back to rise again to 20,000$ in 24 hours only.
People now smarter than before "Do not panic or Fast selling".
January 14, 2018, 02:49:17 AM
The $14000 level has hardly lasted 3-4 days. You could argue thata week is a long time in the crypto world. But we haven't had any news flow to warrant a move. The last big news item was speculation around a South Korean ban on cryptos, and the markets did tank after that.
January 14, 2018, 02:34:54 AM
The idea of putting a dollar value to BTC is pointless. I thought that DEX would change the game for bitcoin, but now I am thinking atomic drops will be the future. Exchanges are centralized and all of this speculation on btc, forks, and alt-coins is a bit ridiculous. Very few of these altcoins have an actual working product or concept. BTC doesn't really either, but it was the first and people have invested into it. There is a belief in it like the dollar or Euro so it will always stay on top. Ethereum has great tech but will everyday people actually use it for something other than games and cats? This is a super fast moving market but all of this media, exchanges and futures are killing the idea of decentralized currency. I don't think bitcoins and altcoins are for the masses. I wonder if the idea of atomic swaps will make many of these altcoins irrelevant.
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January 14, 2018, 02:20:31 AM
I’m quite comfortable with the current price as well. Recent rise to 20k was too fast and it came after a year of insane returns. That’s not sustainable long-term. Although I’m a holder, and those worried about the situation are traders but they seem to not know that they can profit if bitcoin (and alts) goes down as well. Just sell when your knowledge of trader tells you it’s going to go down and buy cheaper.
January 14, 2018, 02:13:48 AM
It's not bad maintaining its price on $14,000. The worst thing we can see if its down to $10,000 dollar again and a lot of people do panic selling and we can't do anything about it.
Recently CMC pull out some Korean exchange in their market list, that moved of them cause the price down and market cap down. Few people only notice about it.
Recently CMC pull out some Korean exchange in their market list, that moved of them cause the price down and market cap down. Few people only notice about it.
January 14, 2018, 02:06:34 AM
Yeah,bitcoin is going at the right path,last month it made huge price bump but it was totally unexpected but not the price is getting constant around $14K,but soon the price will shoot up so we can expect $20K around middle of 2018.
January 14, 2018, 01:53:46 AM
I am probably one of a few that sees the Bitcoin level as fantastic news in the past month.
I agree with you, setting a new all time high on dec 2017 was a good turning point of bitcoin, not only it gets the attention of more investors it also gets more "lets say" less regular user who are only holding bitcoin.
If some of you people are getting stressed about the direction of Bitcoin as it is, nothing will ever please you
They will be pleased if they make profit from the volatility of bitcoin in the market, its money we are talking about and traders want to earn more because they are greedy and wont settle for just a few amounts.
People cant be satisfied with anything else unless they have enough money or wealth to brag about on their surroundings.
January 14, 2018, 01:16:51 AM
Only 8 weeks ago I thought it would be out of this world if Bitcoin reached $10,000,
this is an excellent point and most people seem to have forgotten this!
not so long ago all the topics on the internet were about will bitcoin break the $10,000 and how it would be great and all but now that it is a lot more higher than that point everyone is crying why it is not moving even higher at every moment.
and this is mostly an accumulation phase for bitcoin right now. a temporary thing which will pass soon.
January 14, 2018, 12:04:09 AM
When Bitcoin reached almost $20,000, everybody was ecstatic and they felt like their investment exponentially multiplied to which the people favored the rate. I think this lead to improper usage of Bitcoin which affected its growth over time. It also raised the expectation of people which is why a rate of $14,000 does not seem to impress them any further. I think with the movement of Bitcoin over the past few days, $14,000 is good and ample. It's not too high to buy and it's not too low to affect what we have. I guess in this platform we should really just be patient and maximize the situation at hand rather than waiting for something to please us.
January 13, 2018, 10:24:10 PM
People looking at current levels as in it having gone down a lot from the $20k peak, are just idiots. More precisely said, I think current level of around $14k is pretty close to the actual all time high.
that's 30% right there. that's huge for a trader. that's a lot of capital that could have been reinvested. i've got nothing against hodlers, but i commend any traders who managed to take profit at $18k-20k, including those who timed their entry into the altcoin markets correctly.
I wouldn't say all the altcoins are being dumped, when you look at Coinmarketcap https://coinmarketcap.com/ it's mixed generally speaking.
I don't think we will see a big change for this month.
I don't think we will see a big change for this month.
it looks to me like BTC is coiling for a move up. it loves to make these bear flags which never end up breaking down, leaving everyone behind as the rally takes off. it's been a fun altcoin season, but in the short term, i'm starting to shift back to BTC.
January 13, 2018, 08:11:12 PM
14k seems a good point to remain in my opinion, 20k was simply too high but now we can see that 10k is too low too so bitcoin is sitting more or less at the mile of those prices which means that is going to remain there for some time until some positive or negative news happen.
I also feel like $20k was too much too quickly, even for bitcoin, so I'm very pleased to see we've been holding on to the $14,000 position for the majority of the current correction (might be over when I'm writing this). There's been a lot of FUD in the last few weeks but despite that we were able to avoid dropping sub-10k which is a very comforting thought. Since the markets are looking very healthy I think at this point in time there's room for another leg up very soon.
January 13, 2018, 06:53:14 PM
I indeed feel very comfortable with bitcoin's consolidation. I think it's needed after the exponential climb to $20K in such a short time!
January 13, 2018, 06:50:07 PM
I wouldn't say all the altcoins are being dumped, when you look at Coinmarketcap https://coinmarketcap.com/ it's mixed generally speaking.
I don't think we will see a big change for this month.
I don't think we will see a big change for this month.
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