Topic: The reason why bitcoin will never *stay* below 5000$ again. PROVE ME WRONG - page 5. (Read 2536 times)
August 12, 2018, 02:59:02 AM
I wouldn't call this manipulation rather I would say that sharks are also trying to back Bitcoin up during the time of crisis like this. Hopefully, this will prove to be profitable for the community as a whole. No matter how much profit the sharks earn but as long as the market is going smoothly I think the community will be happy.
August 11, 2018, 05:36:56 AM
a year later, bitcoin received a strong support at the price of $ 4000 - $ 5000, even based on the cost of its production
August 11, 2018, 05:15:05 AM
It will not go bellow $5000 because of the demand. As you can see it always dump to less than $6000 but it didn't reach below $5000 because many whales are willing to buy it at that cost. Even small traders will buy too at that very low price right now.
Then that tells us this bubble is far from done yet. It's only done when the only people left buying are the professionals and the nutters. No one else can face the prospect of buying. $6000 is a sucky price but it's a long, long way from the point of maximum panic and pain. That price would still leave anyone who got in at any time over 10 months ago firmly in the black.
August 10, 2018, 01:38:37 PM
That is a good thing to be honest. Sharks who have invested a lot of their money on Bitcoins will never let the market fail no matter what happens and that is profitable for us. But, if Bitcoin rises again without the help of the sharks then that would be the best news of this year.
August 10, 2018, 12:04:08 AM
However, in the future everything can be. Including, it is possible that bitcoin could ever fall in price and below $ 5,000.
if you think it is possible in the future then you also must think it is possible to happen this year because there is nothing that can change things in the future that can not change now. not to mention that the more we stay above $6000 (the bottom that was reached and tested multiple times) the stronger the support at that level becomes and eventually it will become a psychological thing where people automatically buy at $6000 and don't let it fall below. which is why in long term it is impossible to go below.
August 09, 2018, 11:58:22 PM
This year, I agree that bitcoin will not fall below the cost of $ 5,000. Bitcoin has been in decline and stagnation for too long, and if it could have fallen below this mark, it would have been there long ago. The price bottom has already passed a long time and now we expect the rise of bitcoin and the entire crypto-currency market. It can happen soon, and maybe in a few months.
However, in the future everything can be. Including, it is possible that bitcoin could ever fall in price and below $ 5,000.
However, in the future everything can be. Including, it is possible that bitcoin could ever fall in price and below $ 5,000.
August 09, 2018, 11:57:20 PM
Maybe you are right about this, but still can’t be so sure. Though if we see the previous graph there is no possibility of falling below $5k but this market is uncertain. I hope it won’t fall.
August 09, 2018, 11:42:48 PM
I cannot be sure like you. But as the adoption of BTC is increasing and many people are joining here, so there is less possibility to let BTC’s price down.
August 09, 2018, 11:33:54 PM
Price Bitcoin, as well as other coins in the crypto-currency market is determined by offer and demand. Let's hope that demand exceeds the offer.
August 09, 2018, 11:31:18 PM
Anything can be happened in this uncertain crypto market. But you can be right and all BTC holders hope that. And I think very soon BTC will hit the market again.
August 09, 2018, 01:49:16 PM
It will not go bellow $5000 because of the demand. As you can see it always dump to less than $6000 but it didn't reach below $5000 because many whales are willing to buy it at that cost. Even small traders will buy too at that very low price right now.
August 09, 2018, 07:37:36 AM
I agree with some portion. And if bitcoin stay long with this market that will fall bad effect on mining and many are loses their interest about mining.
August 09, 2018, 06:19:32 AM
I dont think anyone can prove it wrong. Probably the whole truth but we wont be knowing as pseudo anonymity has given the inaccessibility. The bearish market has to be stopped in order to get things positive.
No one really knows about the factor that affect the price. Maybe the bitcoin now is low volume on the market or it is low volume of investors on the market that is why it's price are dropping and I believe that it will continue dropping if the market will still low volume . August 09, 2018, 06:14:00 AM
There are 2 reasons why btc can go to area under 5000 again
First, according to technical analysis, btc under the big frame must be bottom to be able to return to high
The second is the market is the bad news old investors are gradually moving and new investment is almost no lead to the price to let btc to lure the new investors into the refund. all possible. This is my personal judgment, thanks!
August 09, 2018, 06:09:35 AM
We can give the grantee of our own breath then how could we give the assurance for bitcoin. It is all about faith. If you believe then invest if not then it is ok.
August 09, 2018, 06:09:54 AM
I dont think anyone can prove it wrong. Probably the whole truth but we wont be knowing as pseudo anonymity has given the inaccessibility. The bearish market has to be stopped in order to get things positive.
August 09, 2018, 05:15:23 AM
Yes and no. There are and always be both sides of the (Bit)coin: coin for use and "digital gold". Without it's every day use people will get to the point they can't redeem their "digital gold".
Also, I was also thinking that wealthy people will hide big amounts of money into cold storage and "hodl". But nowadays somebody is selling. Yes, it may be the rich guys that bought one year ago, but they sell instead of buying?! I mean, since the corrections we had this year, they should buying again.
So I think that there may be something wrong in this logic: it doesn't cover the whole truth (and yes, I know, there could be some market manipulation exactly because they're buying and they try to keep the price low while doing that). Still, something seems to be missing...
these "rich people" you referring to are neither buying or selling , they have enough money to manipulate the market for their own good . there's nothing missing and they don't care about the price , they buy from one point and convince people that bearish trend is over and FOMO occur then they sell in massive amounts causing huge drop again and vice versa in bullish market.
The only reason of not dropping price below 5000 usd is that mining won't be profitable.
100% agree on that point , miners play vital role in this game and once they ditch it , crypto market may fall ! 
August 09, 2018, 02:40:05 AM
Current Market cap is 120b $ (actually real market cap much lower than that due to lost btc and so on); that could be 1000 people with 120m$ hidden. Anyone who has approximately that amount of btc would be very able to buy the market would it temporarily drop significantly below 5000$ per btc, due to the very limited (and shrinking) actual supply of bitcoin and availability in the exchanges.
I think what we witnessed in last december will happen again and at a greater extent. Don't ask me when, but that's a given.
Bitcoin has been chosing.
Why? Possibly positioning.
Price won't give a fuck on whether it can be used everyday to buy stuff. Its purpose it for wealthy billionaires to keep part of their wealth inaccessible through offline wallets.
Whether tx take 1 hours to go and cost 10 bucks each.
Whether the nodes get a little bit more or a little bit less centralized.
All that matters is the one reason I stated above.
Everything else is just smoke for sardines.
Hopefully will not have the price lower than this that you pointed out because right now since last few days, bitcoin has lost almost 25% of his price very rapidly. And if the tendency will continue... I think what we witnessed in last december will happen again and at a greater extent. Don't ask me when, but that's a given.
Bitcoin has been chosing.
Why? Possibly positioning.
Price won't give a fuck on whether it can be used everyday to buy stuff. Its purpose it for wealthy billionaires to keep part of their wealth inaccessible through offline wallets.
Whether tx take 1 hours to go and cost 10 bucks each.
Whether the nodes get a little bit more or a little bit less centralized.
All that matters is the one reason I stated above.
Everything else is just smoke for sardines.
August 08, 2018, 11:15:13 PM
if the price drops to 5k USD, I'm sure the market will be very hot
many people will start to panic selling their assets, and then there will be a lot of bad news starting to viral, but we know that cryptocurrency assets are decentralized, where everyone can freely have a BTC
many people will start to panic selling their assets, and then there will be a lot of bad news starting to viral, but we know that cryptocurrency assets are decentralized, where everyone can freely have a BTC
August 08, 2018, 10:56:45 PM
the truth is that it is intriguing I suppose that if there are many rich people manipulating the market but for them to buy lower and take more of these movements are very well thought out but there is something they can not dominate and it is the alcove where it is more than 60% bitcoin would have to buy large quantities of alcohol and be trapped this explains what I think is very good what you have to think is those who have these large amounts of banks or government governments or simple millionaires and there is a surprise factor how many there are lost
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