Testing 600 again - page 2. | Bitcointalksearch.org

BTCLovingDude

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Quote from: funbarrel on August 11, 2016, 09:25:13 AM

Quote from: ~Bitcoin~ on August 11, 2016, 03:25:05 AM

We may see price above 700$ again and only up from there. Market support is huge even 60 million USD worth of hacked bitcoin can be digested by the buy support i think.

i hope that you are right, the price should grow at a really rapid pace pretty soon, that would be really cool as it would make me nice money easily

i believe that the recent dump can potentially act as a spring that was pressed down. because it provided everybody with the opportunity to buy cheap coins and also to test the downward resistance.

funbarrel

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Quote from: ~Bitcoin~ on August 11, 2016, 03:25:05 AM

We may see price above 700$ again and only up from there. Market support is huge even 60 million USD worth of hacked bitcoin can be digested by the buy support i think.

i hope that you are right, the price should grow at a really rapid pace pretty soon, that would be really cool as it would make me nice money easily

talks_cheep

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Quote from: lemipawa on August 11, 2016, 08:44:59 AM

Quote from: Dux2K on August 11, 2016, 05:59:55 AM

I see this price for weekend for sure
600 is close but to much struggle for it

Don't celebrate yet, remember that weekends is otherwise known as weak end, that's the time when small drop in rate happens and will start to recover again on a Tuesday and Wednesday. The only time that Bitcoin suddenly climb $5 or more was before halving and before BItfinex hack last June, I forgot what was the reason for that but it rather unusual.

I agree, this weekend will see a drop from 595 current to 550. I've been right before, I am and will be right again many times before bitcoin finally takes off. There's no good reason right now for bitcoin to rise in price. In fact, there are many reasons why it will go down, such as the tps limits, core developers fighting among themselves, no leadership, no vision for the future, etc... This is a critical time for bitcoin and the ship is rudderless and heading towards unknown waters.

The reason for the price rising last June? Pre-halving market preparing for the halving, also know as "market pricing-in", Oh, and China's economic policies forcing people to convert their national currency to something more valuable such as gold, dollars, bitcoins, etc...

randy8777

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Quote from: ~Bitcoin~ on August 11, 2016, 03:25:05 AM

We may see price above 700$ again and only up from there. Market support is huge even 60 million USD worth of hacked bitcoin can be digested by the buy support i think.

i like your optimism, but for now i think it's better to focus on having the price settle above the $600 level again. if the market is over this hack drama, then we can see the price advance further. till that time people will remain alert and ready to sell.

lemipawa

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Quote from: Dux2K on August 11, 2016, 05:59:55 AM

I see this price for weekend for sure
600 is close but to much struggle for it

Don't celebrate yet, remember that weekends is otherwise known as weak end, that's the time when small drop in rate happens and will start to recover again on a Tuesday and Wednesday. The only time that Bitcoin suddenly climb $5 or more was before halving and before BItfinex hack last June, I forgot what was the reason for that but it rather unusual.

Dux2K

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I see this price for weekend for sure
600 is close but to much struggle for it

Herbert2020

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Quote from: oblivi on August 10, 2016, 01:57:46 PM

Bitcoin is recovering at a record breaking pace. All the FUDsters that where here saying how Bitcoin would need months to recover from the bitfinex disaster have vanished. We will be up soon back to 650 and getting ready for 2000+ for 2017. Get in.

FUDsters are always spreading their lies all over this board, don't worry too much about them their names are known to everybody and also nobody listens to the new accounts they create to say the same thing

this disaster was a good chance for me to make some more profit in the short time and looking at the charts it seems like my profit is not going to stop here, i don't know about the $2000 but the price surely will rise soon.

~Bitcoin~

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We may see price above 700$ again and only up from there. Market support is huge even 60 million USD worth of hacked bitcoin can be digested by the buy support i think.

The Sceptical Chymist

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I'm with you, OP. Just bought a small amount on circle that I just plan on hodling. But boy I wish I'd bought more when it was at like $515 the other day. I figured it was just an overreaction to the bitfinex BS. Bulls reign supreme.

hasiramasenju

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after bitfinex incidents bitcoin prices slighty rise up even though still not reach to $600 yet but i was hoping that would be reach to those price soon and yesterday it has almost $600 but today back again to $595 but on my thought this monday maybe the prices will passed through $600

NeuroticFish

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Quote from: lemipawa on August 10, 2016, 11:40:56 PM

Give it at least a week or two and we may see $650 again. Bitcoin started to climb the charts again on August 5 but did not get that much momentum as the increase is not big. From $568.21 last Aug 4 to $593 on August 8, that's an average of $6.39 increase per day. Not bad if you ask me so lets just wait for it to hit $650 by 3rd week of this month.

Since it's summer and the trading may be slower it may take 3 weeks for the 650$ goal. And after that 850$ may be the next stop....

lemipawa

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Quote from: pooya87 on August 10, 2016, 11:35:46 PM

the fall was a good opportunity to buy and since at this price, whales are accumulating bitcoin before the big rise, the process takes some time hence the slow rise.
but eventually the price will be back at $650 in no time.

Give it at least a week or two and we may see $650 again. Bitcoin started to climb the charts again on August 5 but did not get that much momentum as the increase is not big. From $568.21 last Aug 4 to $593 on August 8, that's an average of $6.39 increase per day. Not bad if you ask me so lets just wait for it to hit $650 by 3rd week of this month.

pooya87

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Quote from: oblivi on August 10, 2016, 01:57:46 PM

Bitcoin is recovering at a record breaking pace. All the FUDsters that where here saying how Bitcoin would need months to recover from the bitfinex disaster have vanished. We will be up soon back to 650 and getting ready for 2000+ for 2017. Get in.

the fall was a good opportunity to buy and since at this price, whales are accumulating bitcoin before the big rise, the process takes some time hence the slow rise.
but eventually the price will be back at $650 in no time.

Schuyler

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Quote from: Yakamoto on August 10, 2016, 07:53:59 PM

Quote from: Barbut on August 10, 2016, 06:34:09 PM

I think OP stated something very smart, many people thought that after crash of one exchange site bitcoin will fall much more. Then some people talked about impossible recovery, but here we are back to 600 $ and going up.
There is high chance for price to go to 1000 $ until the end of the year, I believe bitcoin can do that. When summer ends, and when many people sit again on their computers and start to work, price can only go up.

There is definitely not a high chance for Bitcoin to hit $1,000 by the end of the year. There is a relatively mediocre chance that it can happen, but I definitely wouldn't say that there is a high chance. The market hasn't broken $800 yet this year, and it has been a while since we were around $700, so that might as well give us a limit for the price max this year. While I don't think it is impossible, it definitely seems unlikely to be honest. there are a lot of things that have to happen, and the market doesn't seem interested.

I have to agree with you on your statement. All these hyping done by others just isn't enough to send the price over $800, and now they are talking about hitting four digits by in a relatively small time frame. I am not being a contrarian, instead I am just being realistic. I am not against the price rising up, but at some point we do have to manage expectations and that there will be pullbacks along the way.

quake313

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Quote from: Wind_FURY on August 10, 2016, 07:59:24 PM

I do not know what you people are on, it must be denial but this will go back below $600 and stay there. It is possible that it will not go above $600 until next year. The recent rise of bitcoin that started the end of May is really fast. It was pumped by the whales and was dumped leaving us caught up in the mess and hoping it will go up again.

Now that's some bearish shit!

Wind_FURY

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I do not know what you people are on, it must be denial but this will go back below $600 and stay there. It is possible that it will not go above $600 until next year. The recent rise of bitcoin that started the end of May is really fast. It was pumped by the whales and was dumped leaving us caught up in the mess and hoping it will go up again.

Yakamoto

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Quote from: Barbut on August 10, 2016, 06:34:09 PM

I think OP stated something very smart, many people thought that after crash of one exchange site bitcoin will fall much more. Then some people talked about impossible recovery, but here we are back to 600 $ and going up.
There is high chance for price to go to 1000 $ until the end of the year, I believe bitcoin can do that. When summer ends, and when many people sit again on their computers and start to work, price can only go up.

There is definitely not a high chance for Bitcoin to hit $1,000 by the end of the year. There is a relatively mediocre chance that it can happen, but I definitely wouldn't say that there is a high chance. The market hasn't broken $800 yet this year, and it has been a while since we were around $700, so that might as well give us a limit for the price max this year. While I don't think it is impossible, it definitely seems unlikely to be honest. there are a lot of things that have to happen, and the market doesn't seem interested.

Barbut

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I think OP stated something very smart, many people thought that after crash of one exchange site bitcoin will fall much more. Then some people talked about impossible recovery, but here we are back to 600 $ and going up.
There is high chance for price to go to 1000 $ until the end of the year, I believe bitcoin can do that. When summer ends, and when many people sit again on their computers and start to work, price can only go up.

chesthing

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Quote from: richardsNY on August 10, 2016, 06:15:04 PM

Quote from: chesthing on August 10, 2016, 05:28:58 PM

Quote from: richardsNY on August 10, 2016, 05:15:43 PM

It's of course great that we touched the $600 level again, but at this point it doesn't mean anything as the price can go down again easily. We still don't know what will happen once Bitfinex comes back. Will the price go up further, or will there be another wave of sell orders...

Well, in general, do you think this event would be more or less likely to make someone decide to move fiat onto an exchange to buy bitcoins? Are there people here that think new money has been just waiting for an event such as this to jump into crypto?
Then again, there is so much manipulation and overall horseshit going on with this scene who knows. I'm fine either way, I still hold some profit bitcoins and it's worth the entertainment value to hold them to zero.

It depends on how people interpret the come back of a faulty, maybe even a scummy exchange if the operators responsible for this mess (stolen coins) are still in charge. I personally prefer to see people withdraw their coins and fiat, and sign up at an other exchange. It's better for Bitcoin to see this exchange vanish.

And then that will be the next exchange to fall? it's not like we don't have a long list of them before bitfinex.

richardsNY

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Quote from: chesthing on August 10, 2016, 05:28:58 PM

Quote from: richardsNY on August 10, 2016, 05:15:43 PM

It's of course great that we touched the $600 level again, but at this point it doesn't mean anything as the price can go down again easily. We still don't know what will happen once Bitfinex comes back. Will the price go up further, or will there be another wave of sell orders...

Well, in general, do you think this event would be more or less likely to make someone decide to move fiat onto an exchange to buy bitcoins? Are there people here that think new money has been just waiting for an event such as this to jump into crypto?
Then again, there is so much manipulation and overall horseshit going on with this scene who knows. I'm fine either way, I still hold some profit bitcoins and it's worth the entertainment value to hold them to zero.

It depends on how people interpret the come back of a faulty, maybe even a scummy exchange if the operators responsible for this mess (stolen coins) are still in charge. I personally prefer to see people withdraw their coins and fiat, and sign up at an other exchange. It's better for Bitcoin to see this exchange vanish.

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