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Topic: Welcome back $4xxx bitcoin! (Read 1141 times)

legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
September 20, 2017, 09:48:51 AM
#41
after the weak hands were flushed out for yet another time and whales took their coins out of their hands it is time for the FUD to go away and as we see it has. and with it the price recovered and we are heading back to normal prices after the correction.

i also want to congradulate those who bought the dip they are now enjoying nearly $1100 profit for every coin they bought.

Yeah the FUD went away and the bulls came back strongly.

The media seems to be portraying bitcoin in a positive light once again and that is one of the main reasons of this pump. China is still trading far lower than exchange rates on bitfinex, kraken etc.(western ones), dragging the overall price down just below $4000.

We should expect $4k to turn into a nice floor soon, instead of a resistance right now.

The crash probably was due to Chinese firms trying to cash out. IMO they're not done yet, so it'll still be better to expect the worst.
sr. member
Activity: 532
Merit: 250
September 20, 2017, 06:15:33 AM
#40
after the weak hands were flushed out for yet another time and whales took their coins out of their hands it is time for the FUD to go away and as we see it has. and with it the price recovered and we are heading back to normal prices after the correction.

i also want to congradulate those who bought the dip they are now enjoying nearly $1100 profit for every coin they bought.

Yeah the FUD went away and the bulls came back strongly.

The media seems to be portraying bitcoin in a positive light once again and that is one of the main reasons of this pump. China is still trading far lower than exchange rates on bitfinex, kraken etc.(western ones), dragging the overall price down just below $4000.

We should expect $4k to turn into a nice floor soon, instead of a resistance right now.
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
September 20, 2017, 06:10:46 AM
#39
Here is an interesting article about why bitcoin is coping:

https://www.businessinsider.nl/bitcoin-price-stable-despite-china-crackdown-2017-9/?international=true&r=UK

Quote
The cryptocurrency market appears to be unconcerned about a Chinese crackdown on bitcoin, the largest digital coin by market cap.

On Thursday reports that Chinese regulators would require exchanges to shut down bitcoin trading triggered a sell-off of nearly $1,000, bringing the price of the coin below $3,000 for the first time in over a month. Within hours, however, bitcoin recouped most of those losses.

Since then, some of China’s largest cryptocurrency exchanges, including OKCoin and Huobi, have announced they will voluntarily halt trading between bitcoin and yuan and reports of further government intervention have emerged.

Still, bitcoin has nudged up near .72% over the past week, as traders brush off recent headlines as peripheral to the future of the digital coin.

Josh Olszwicz, a bitcoin trader, told Business Insider the markets are ignoring news out of China because it has zero impact on the coin’s actual blockchain technology.

“If it doesn’t affect the protocol, then it’s not a real problem,” he told Business Insider.”The bitcoin cash shakeup was much more worrisome from my perspective, but even then the core bitcoin protocol remained unaffected.”

The decline of Chinese dominance over the cryptocurrency market could also be playing into the muted reaction by the markets about recent regulatory news. According to data from CoinDesk, the cryptocurrency news site, bitcoin trading against the Chinese yuan dropped off from a near 90% at the end of 2016 to around 10% to 20% for much of 2017.

full member
Activity: 546
Merit: 101
★Bitvest.io★ Play Plinko or Invest!
September 20, 2017, 05:53:58 AM
#38
One of the good news i hope to continue to giving a good hope to all. Just keep doing the best in any situations and try not panic on deciding something although sometimes bitcoin price was decreasing. Hopefully bitcoin can continues to showing its advantages to everyone and can make more peoples to be rich people.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
September 20, 2017, 03:18:46 AM
#37
after the weak hands were flushed out for yet another time and whales took their coins out of their hands it is time for the FUD to go away and as we see it has. and with it the price recovered and we are heading back to normal prices after the correction.

i also want to congradulate those who bought the dip they are now enjoying nearly $1100 profit for every coin they bought.

There still seems to be a resistance at the $4000 level(on coinmarketcap which includes chinese exchanges, if we are talking about bitfinex/bitstamp/coinbase then we are comfortably over $4k), we are currently very very close to breaking it again.

People still seem to be quite uncertain about how China is actually going to proceed with the rumours.

I think that by the end of the month when everything is settled, either way there is going t obe a pretty big pump in price.

I believe most of it is already settled no matter what!
and it usually is like this, every time there is some news (no matter good or bad) the effects come a long time before the actual deadline happens. the best example I can give you is the block halving where price went up a lot (reached about $750) nearly a month before the actual halving and then slowed down and back to normal again.
same thing is with negative news. the China FUD has had its effect and took its course. there can not really be any more effect that this unless something very new that has not been heard before comes out. we have all heard China bans: exchanges, bitcoin, altcoin, ICO and mining. they have to come up with something new now.
hero member
Activity: 812
Merit: 509
September 20, 2017, 03:13:38 AM
#36
after the weak hands were flushed out for yet another time and whales took their coins out of their hands it is time for the FUD to go away and as we see it has. and with it the price recovered and we are heading back to normal prices after the correction.

i also want to congradulate those who bought the dip they are now enjoying nearly $1100 profit for every coin they bought.

There still seems to be a resistance at the $4000 level(on coinmarketcap which includes chinese exchanges, if we are talking about bitfinex/bitstamp/coinbase then we are comfortably over $4k), we are currently very very close to breaking it again.

People still seem to be quite uncertain about how China is actually going to proceed with the rumours.

I think that by the end of the month when everything is settled, either way there is going t obe a pretty big pump in price.
legendary
Activity: 1946
Merit: 1137
September 20, 2017, 02:00:08 AM
#35
Wonderful, that is a good news to hear.
Bitcoin is recovering fast more than ever, that is a good sign showing Bitcoin will reach another all time high in few weeks. Cool
If we note the past of bitcoin so we can find it easily that bitcoin recovers very fast. To touch back the subject figure has taken only one week and I personally welcome bitcoin in 4000. I hope after a month the subject will be welcome to bitcoin in 5000 because bitcoin has recovered very fast and now it will get raise most fast as it has break down all the speculation and now people are once again confidently buying bitcoin.

In an average, bitcoin price is just above ~$39xx, but it's still good though considering the painful two week that we have been through. I think this is the true value of bitcoin now minus the Chinese market. Bitcoin once more proved its resiliiency, so holders are very much happy to see the price jump quickly while those weak hands who sold at $2800-$900 are just shaken their heads and regretting their decision. But to go to $5000 is anything thing. I don't know what significant event we need to see to really push the market price to $5000 once more.
Even so the fact that btc increases in price even the China didn't remove the banning of it,then it just shows how powerful btc is with or without China it can recover.

China thing was just "news" and the news is already priced in. it can not get any worse than this. and they never banned bitcoin, the Chinese are already buying cheaper coins from other places such as buying p2p and with cash off the exchanges.

we also already have a very good point of reference to compare the effects of Chinese exchanges on the price. and that is the couple of months ago when they called it "inspection" on the news but it was the same as today. they closed them down to regulate them more strictly. by then price took a dive like this and after they closed the exchanges price went up about $2000
sr. member
Activity: 520
Merit: 250
September 19, 2017, 09:34:16 PM
#34
Wonderful, that is a good news to hear.
Bitcoin is recovering fast more than ever, that is a good sign showing Bitcoin will reach another all time high in few weeks. Cool
If we note the past of bitcoin so we can find it easily that bitcoin recovers very fast. To touch back the subject figure has taken only one week and I personally welcome bitcoin in 4000. I hope after a month the subject will be welcome to bitcoin in 5000 because bitcoin has recovered very fast and now it will get raise most fast as it has break down all the speculation and now people are once again confidently buying bitcoin.

In an average, bitcoin price is just above ~$39xx, but it's still good though considering the painful two week that we have been through. I think this is the true value of bitcoin now minus the Chinese market. Bitcoin once more proved its resiliiency, so holders are very much happy to see the price jump quickly while those weak hands who sold at $2800-$900 are just shaken their heads and regretting their decision. But to go to $5000 is anything thing. I don't know what significant event we need to see to really push the market price to $5000 once more.
Even so the fact that btc increases in price even the China didn't remove the banning of it,then it just shows how powerful btc is with or without China it can recover.
legendary
Activity: 2576
Merit: 1655
September 19, 2017, 09:21:18 PM
#33
Wonderful, that is a good news to hear.
Bitcoin is recovering fast more than ever, that is a good sign showing Bitcoin will reach another all time high in few weeks. Cool
If we note the past of bitcoin so we can find it easily that bitcoin recovers very fast. To touch back the subject figure has taken only one week and I personally welcome bitcoin in 4000. I hope after a month the subject will be welcome to bitcoin in 5000 because bitcoin has recovered very fast and now it will get raise most fast as it has break down all the speculation and now people are once again confidently buying bitcoin.

In an average, bitcoin price is just above ~$39xx, but it's still good though considering the painful two week that we have been through. I think this is the true value of bitcoin now minus the Chinese market. Bitcoin once more proved its resiliiency, so holders are very much happy to see the price jump quickly while those weak hands who sold at $2800-$900 are just shaken their heads and regretting their decision. But to go to $5000 is anything thing. I don't know what significant event we need to see to really push the market price to $5000 once more.
hero member
Activity: 588
Merit: 500
September 19, 2017, 08:45:36 PM
#32
Wonderful, that is a good news to hear.
Bitcoin is recovering fast more than ever, that is a good sign showing Bitcoin will reach another all time high in few weeks. Cool
If we note the past of bitcoin so we can find it easily that bitcoin recovers very fast. To touch back the subject figure has taken only one week and I personally welcome bitcoin in 4000. I hope after a month the subject will be welcome to bitcoin in 5000 because bitcoin has recovered very fast and now it will get raise most fast as it has break down all the speculation and now people are once again confidently buying bitcoin.
full member
Activity: 223
Merit: 250
September 19, 2017, 02:57:13 PM
#31
It's actually surprising that there's still a huge number of people that fell for these FUDs. I don't why they don't understand that if they panic sell they help lower the price more. I guess thanks to them other people could buy at lower prices and help the price increase.
For Chinese bitcoin holders, this was a big deal.  If there were serious rumors that you might not be able to trade in your cryptos for your local currency anymore, wouldn't you be concerned?

Additionally, there were a lot of technicals that were pointing to a significant pullback after we made it up to around $5k.  The news out of China gave traders a reason to sell.
Actually after breakout $5,000 and it can not continue breakout, that is signal to sell your Bitcoin before panic time happens. But most of the traders did not know that, they enjoyed in their profit and forgot Bitcoin has dropped down.
sr. member
Activity: 826
Merit: 263
September 19, 2017, 02:36:09 PM
#30
Wonderful, that is a good news to hear.
Bitcoin is recovering fast more than ever, that is a good sign showing Bitcoin will reach another all time high in few weeks. Cool
Anything can happen, nobody can predict the future, however I love this trend. As much as I hope Bitcoin will go up, you can make a graph say anything, and analysis over the Bitcoin. Just think positive, this trend reversal into an uptrend sure! Seems like the Chinese ban is nothing though.

After last recent bump bitcoin price is now stagnated around 3900$ to 4000$. This value is sustain after the bitcoin ban announced second time by China Government.
If any adoption happened in near future then again bitcoin and top altcoins price will increase gradually without trouble. I expect it should reach to 5K USD this year end.

legendary
Activity: 3136
Merit: 1392
Join the world-leading crypto sportsbook NOW!
September 19, 2017, 02:31:00 PM
#29
Won't last long, will be down to about $3800 tonight.

What are the purpose of these topics? It's been what an hour? This month of uncertainty has still got a lot of petrol to burn.
Getting to $3800 at night and being $3k in general is rather different, don't you think? I guess the results of Chinese actions are really overcome by bitcoin.
Yes! Now i am looking at the charts and i feel very confortable with those numbers, seeing bitcoin at $4000 keeps me a little more quiet, i am really happy with that. Now we have too see bitcoin going over $5000 and that will be one of our best goals. We couldn't touch the $5k barrier before, so i hope that is going to happen in the next weeks.
Well, we still need to reach what we previously achieved. I'm waiting for btc to become worth $4500 and then I'll withdraw what I have. For I don't consider btc as an investment, I don't have enough money for that anyway.
sr. member
Activity: 1057
Merit: 261
September 19, 2017, 02:28:14 PM
#28
Wonderful, that is a good news to hear.
Bitcoin is recovering fast more than ever, that is a good sign showing Bitcoin will reach another all time high in few weeks. Cool
Anything can happen, nobody can predict the future, however I love this trend. As much as I hope Bitcoin will go up, you can make a graph say anything, and analysis over the Bitcoin. Just think positive, this trend reversal into an uptrend sure! Seems like the Chinese ban is nothing though.
sr. member
Activity: 448
Merit: 250
Stake & Vote or Become a IoTeX Delegate!
September 19, 2017, 02:25:44 PM
#27
Yes! Now i am looking at the charts and i feel very confortable with those numbers, seeing bitcoin at $4000 keeps me a little more quiet, i am really happy with that. Now we have too see bitcoin going over $5000 and that will be one of our best goals. We couldn't touch the $5k barrier before, so i hope that is going to happen in the next weeks.
full member
Activity: 694
Merit: 108
santacoin.io
September 19, 2017, 02:12:10 PM
#26
Wonderful, that is a good news to hear.
Bitcoin is recovering fast more than ever, that is a good sign showing Bitcoin will reach another all time high in few weeks. Cool
hero member
Activity: 532
Merit: 500
September 19, 2017, 01:21:06 PM
#25
It's actually surprising that there's still a huge number of people that fell for these FUDs. I don't why they don't understand that if they panic sell they help lower the price more. I guess thanks to them other people could buy at lower prices and help the price increase.
For Chinese bitcoin holders, this was a big deal.  If there were serious rumors that you might not be able to trade in your cryptos for your local currency anymore, wouldn't you be concerned?

Additionally, there were a lot of technicals that were pointing to a significant pullback after we made it up to around $5k.  The news out of China gave traders a reason to sell.

Now the official news came like .Bitcoin was now level in China. In a week back.Some had said, China had stopped trading with bitcoin. After that the price of bitcoin is also reduce below 4000$.But after accepted, the bitcoin price again start to reach the maximum value. I.e greater then 4000$.
Yes, this was a classic "sell the rumor, buy the news" reaction.  Because financial markets try to predict the future, you see this type of trade (as well as the opposite--"buy the rumor, sell the news") a lot, not just in bitcoin, but in all other markets, too.  In this case, traders/investors were speculating that a China ban might hurt the price of bitcoin.  By the time China came out with an official announcement about it, price had fallen so far that the negative news was already "baked into the price."  The result was a relief rally, and probably a short-covering rally, as well.
sr. member
Activity: 322
Merit: 250
September 18, 2017, 03:01:03 PM
#24
It's actually surprising that there's still a huge number of people that fell for these FUDs. I don't why they don't understand that if they panic sell they help lower the price more. I guess thanks to them other people could buy at lower prices and help the price increase.
For Chinese bitcoin holders, this was a big deal.  If there were serious rumors that you might not be able to trade in your cryptos for your local currency anymore, wouldn't you be concerned?

Additionally, there were a lot of technicals that were pointing to a significant pullback after we made it up to around $5k.  The news out of China gave traders a reason to sell.

Now the official news came like .Bitcoin was now level in China. In a week back.Some had said, China had stopped trading with bitcoin. After that the price of bitcoin is also reduce below 4000$.But after accepted, the bitcoin price again start to reach the maximum value. I.e greater then 4000$.
full member
Activity: 799
Merit: 100
SOL.BIOKRIPT.COM
September 18, 2017, 02:44:20 PM
#23
after the weak hands were flushed out for yet another time and whales took their coins out of their hands it is time for the FUD to go away and as we see it has. and with it the price recovered and we are heading back to normal prices after the correction.

i also want to congradulate those who bought the dip they are now enjoying nearly $1100 profit for every coin they bought.

i also would like to welcome bitcoin for its come back worth $4200. its really bbiggest regret of those people who was afraid enough & sold their bitcoin.  unfortunately I'm one of those.  but i think bitcoin will be raised up from now and possibly cross 5300$... so i like to buy bitcoin now for get some profit like them  Angry
newbie
Activity: 19
Merit: 0
September 18, 2017, 11:58:04 AM
#22
I think its a little unfair as soon as someone says the price is going to drop or that we're still in unknown territory...its announced as FUD by a hodler. How it can be complete FUD, China did make an announcement the price did drop and it was a big dip. Don't get me wrong i'm hodler for the long term
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