It's too early to say that bitcoin will not reach the 10k price since we have noticed that the price of bitcoin was almost repeatedly every year in the price movement in the market. Since we don't know the exact possible happen to bitcoin let's wait until this last month of the year that expected bitcoin price will go up.
For now, it's an opportunity to buy more bitcoin in the market while it is cheap because when a bull run market has come we all have a huge profit.
Topic: What happened to this 'easy 10k'? - page 6. (Read 2210 times)
Nothing good comes easy really, I expect the bigger rise only after everyone gets gloomy and assumes we only go down. That has appeared a few times and its then ironic we tend to rise a little as selling reaches exhaustion levels.
It is not ironic, it is how the market is designed to work, many people forget that it is impossible for everyone to win since the markets are zero sum, which means that every profit someone got came from someone else, if we tossed a coin and we played the game for some time and I was up for 10 dollars then that means you are down 10 dollars, but when you add the inefficiency of the market, like transaction fees, exchanges fees and the like, then it is more likely you are down 11 or 12 dollars.This is important because it is impossible for everyone to win, so when everyone has the attitude that we are going to the moon that is the moment to sell since it is impossible to continue that growth. but if many in the market are gloomy and think bitcoin will crash even further that is the perfect moment to buy since we come from a period in which there was a huge transfer of value from those who have no idea what they are doing to those who do.
We always keep in mind that 10k would be easy to reached, by this time bitcoin is trying to be in that way but its a hard way. We are hoping this coming Dec well be the raised of bitcoin and more than 10k that time.
Just wondering guys, you were all so confident we were in a strong bull market and would break 10k easily, looks like the opposite is becoming a reality and we're heading straight back to new lows.
You heard it everyone. This is from cryptokwuk who is also known as the famous "Kwukduck". Take this as a sign to buy. Kwukduck is the best crystal ball ever for buyers. You can check his posting history, and see that within a few days, his FUD always coincides in Bitcoin touching the bottom and starts climbing again.
It's game over now. Going to make year lows soon and from there next stop $3000. Bitcoin failed as an experiment, as per the recent bloomberg report bitcoin payments in stores plummeted 80% and as per that other report only 2% of Koreans (the main btc country) is even considering investing in BTC.
What does bloomberg know? They've probably got a grip on less than 10% of the total usage of bitcoin. The number of reported bitcoin payments in stores is probably not even close to the number of unreported bitcoin transactions. That cannot be a valid argument against bitcoin.
Koreans are not the only ones in the world to use bitcoin, so that's not going to have much of an effect on prices. There are lots of other countries who have huge populations (USA, Russia, Turkey, India) that are becoming more active in bitcoin. We can't say it's over until it's actually over.
Nothing good comes easy really, I expect the bigger rise only after everyone gets gloomy and assumes we only go down. That has appeared a few times and its then ironic we tend to rise a little as selling reaches exhaustion levels.
But nah I'm not that surprised, it takes some time for the situations to develop. Also the Bitcoin price is in at least half also based on dollar and that includes the dollar story developing and all you might hear in the news. I do think as BTC is global and crosses borders that it has a strong context to Dollar used as a world reserve currency, so its inverse most likely.
Last year 2017 wasnt that easy either, pretty sure we had lots of upset even if it rose alot especially at the tail end
But nah I'm not that surprised, it takes some time for the situations to develop. Also the Bitcoin price is in at least half also based on dollar and that includes the dollar story developing and all you might hear in the news. I do think as BTC is global and crosses borders that it has a strong context to Dollar used as a world reserve currency, so its inverse most likely.
Last year 2017 wasnt that easy either, pretty sure we had lots of upset even if it rose alot especially at the tail end
for now there may be bad news so the price of bitcoin is very difficult to be able to make a price increase to $ 10k already very heavy and it looks like bitcoin prices this year will not be good and many will lose because of falling bitcoin prices.
Well not all of us, we could find people here that are exceptions, people that didn't believe in that scenario. I personally didn't have expectations, I was just watching, monitoring what is going on. We had similar situation last time, price drop on six and something $ and then rise to eight plus. I just want to say that it is possible to hit that figure of 10k $ and at the same time it doesn't have to at all. There's possibly for that situation to repeat and therefore we all might buy some Bitcoin on current price and wait for new growth. Selling on seven thousand is 10% profit...
That probably happens when there's a spikes on price value of bitcoin like holding for a few months, then sell quickly. Some of the traders really applied that kind of strategies in order to earn easy money. But they didn't think about what will going to happen with the market. Well, we can't stop them because they had their own families to feed. It could have been more profit if the $10k earned will not be sold all the way, and maybe it's better to dump only what's needed to have. That's how it works in the recent activities of the current traders in every exchanges right now, so were experiencing market downfalls.
Well not all of us, we could find people here that are exceptions, people that didn't believe in that scenario. I personally didn't have expectations, I was just watching, monitoring what is going on. We had similar situation last time, price drop on six and something $ and then rise to eight plus. I just want to say that it is possible to hit that figure of 10k $ and at the same time it doesn't have to at all. There's possibly for that situation to repeat and therefore we all might buy some Bitcoin on current price and wait for new growth. Selling on seven thousand is 10% profit...
Unlike most others ( mark my words ) I now believe more that we will break 15k before the end of this year $5700-$5900 then boom . In this market everyone have his own theory and you can not say it is wrong .
I was absolutely sure that Bitcoin would see $3000 in this bear cycle when it hit the $6000 mark, but now I even doubt that. The $5500-6500 region has proven to be a major support, having been tested multiple times now. It may go further down, but after the price bottomed we should go up again into that region again pretty fast.
i'm not sure of anything right now, and i've stepped away from trading until there is a clear trend or range. if the market can break above $8500, then i'd be more confident in a long sideways accumulation period. i definitely think $3000 is still a possibility (maybe further). we've spent quite a long time in this $6k-$9k range = lots of new bagholders if the bottom falls out again.
Just wondering guys, you were all so confident we were in a strong bull market and would break 10k easily, looks like the opposite is becoming a reality and we're heading straight back to new lows.
There are always people like that, in the forum there are many people that like to spread FUD an there are others that seem to live in the land where everything is spin in a positive way, I have maintained for a very long time that it is going to take a very long time before the market begins to show signs of a strong recovery.It will probably take years, but the reason we had a recent increase in the price was the ETF and now that the decision has been delayed then the market lost interest in bitcoin for the moment, but you can be sure that when we get close to that date again the price will go up once again.
People don't realize how toxic these bull run noobs are for the overall sentiment of the market and the ecosystem in its entirety. They aren't here for Bitcoin's utility, they are here solely to ride the hype and then shit on Bitcoin.
Exactly!And if we look at the last bear market, then it was extremely productive for Bitcoin. LN, for example, was conceived in 2014/15, near the 5-year-low. And lots of new services (ATMs, for example) emerged, and lots of new markets (Asia, Africa, ...). And above all: The last bear market has told us that Bitcoin is here to stay and that its ecosystem is healthy. The 2011 bear market was the last one that really was dangerous in the sense that Bitcoin could have fallen again into complete irrelevancy.
I was absolutely sure that Bitcoin would see $3000 in this bear cycle when it hit the $6000 mark, but now I even doubt that. The $5500-6500 region has proven to be a major support, having been tested multiple times now. It may go further down, but after the price bottomed we should go up again into that region again pretty fast.
not a few people think that the price of bitcoin will soon return to $ 10k during yesterday's bull market, but it turns out that the bitcoin price only reached $ 8500 and returned to its lowest point.
Finally, the bears are back. Love it.
I was getting tired of all the $20,000 and $50,000 before the end of the year noobs.
People don't realize how toxic these bull run noobs are for the overall sentiment of the market and the ecosystem in its entirety. They aren't here for Bitcoin's utility, they are here solely to ride the hype and then shit on Bitcoin. I rather see the price go down and we get rid of these noobs than to have the price go up and still deal with them. >2017 noobs are the worst noobs I have ever seen participate in this market, and I'm not exaggerating.
If this is what mainstream adoption looks like, we'll go through worse noob cycles in the forthcoming years.
I was getting tired of all the $20,000 and $50,000 before the end of the year noobs.
People don't realize how toxic these bull run noobs are for the overall sentiment of the market and the ecosystem in its entirety. They aren't here for Bitcoin's utility, they are here solely to ride the hype and then shit on Bitcoin. I rather see the price go down and we get rid of these noobs than to have the price go up and still deal with them. >2017 noobs are the worst noobs I have ever seen participate in this market, and I'm not exaggerating.
If this is what mainstream adoption looks like, we'll go through worse noob cycles in the forthcoming years.
Just wondering guys, you were all so confident we were in a strong bull market and would break 10k easily, looks like the opposite is becoming a reality and we're heading straight back to new lows.
The high growth rate of bitcoin will give people a lot of benefits, every prediction wants to target good and people need it as a motive to store more bitcoins.
Lol this "Buy the dip!" bs again.
Y'all have been saying this the entire year, you have no idea how much financial and emotional trauma you are causing so many people by selling this pipedream to people that want some financial hope and stability. All just so you can sell your bags and become rich while everybody is suffering.
if someone is naïve enough to take effect from a random person on the internet posting a comment then he/she deserves to lose money. and we would gladly take their bitcoins from them at a discount.Y'all have been saying this the entire year, you have no idea how much financial and emotional trauma you are causing so many people by selling this pipedream to people that want some financial hope and stability. All just so you can sell your bags and become rich while everybody is suffering.
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How many times does it need to be demonstrated that this tech, specially the Bitcoin implementation does not work at a basic level.
then would you mind explaining to us what the hell are you doing in forum dedicated to something that doesn't work according to you?Quote
Even the LN is a fad because it fundamentally CAN NOT work in a decentralized and secure way.
LN is already working in both secure and decentralized way... your BS is so a year ago... 
Just wondering guys, you were all so confident we were in a strong bull market and would break 10k easily, looks like the opposite is becoming a reality and we're heading straight back to new lows.
The market price last december just grow so much and it was normal for the price of bitcoins to drop today since it was actually the feedback of having a high value, volatility of the market is the reason why the price today is low.
today the price of bitcoin has dropped quite deep, it looks like the bear market will last for a very long time. today the price of bitcoin has dropped by as much as $ 500.
It's game over now. Going to make year lows soon and from there next stop $3000. Bitcoin failed as an experiment, as per the recent bloomberg report bitcoin payments in stores plummeted 80% and as per that other report only 2% of Koreans (the main btc country) is even considering investing in BTC.
It is all just a guessing game here because no one knows what is the reality. I would like tell that, if you believe in this crypto investment then these new lows will be a very chance to accumulate and hold them tightly. I don't know how long we may need to wait to see a good bull run but I feel it is worth to take that risk for the profit we may get in future.
All these people always give a new low target when markets are going down and the same people will start giving new high targets once the market starts moving up. Just ignore these predictions and hold tightly your coins.
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