Will Bitcoin cross 3K USD this year? - page 4.

Vaculin

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Quote from: wheelz1200 on September 27, 2019, 03:44:10 PM

Quote from: alanshen23 on September 27, 2019, 04:17:44 AM

It seems to bear market. Should I hold BTC now?

In my opinion it's never a bad idea to just hold it limits your upside risk. If bitcoin breaks out on the upside you wont be left buying back in higher or trying to wait for another dip cycle. Smart money will buy the way down but I dont think its gonna touch closet 3k, just my 2 cents

Whether we are in bull or bear market, we still have to hold if our target is not achieved yet.

If we will allow people to dictate us on what to do because we panic in FUD, then we will surely not gonna have a long journey here and we will not feel calm. I know some still didn't learn although we have already seen how strong BTC in the past, the fact that it dump to $3K after the bull run and began to recover this year, we should not underestimate the power of BTC, its down because it was manipulated, better thinking that way so you will believe its real value is not what we are seeing now, it should be higher.

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Quote from: fabiorem on September 27, 2019, 09:37:14 AM

It already did, was in January.

Nope, we never made it below $3000. The bottom was made last December in the $3100s.

Quote from: proudhon on September 27, 2019, 09:34:40 AM

Quote

Will Bitcoin cross 3K USD this year?

Yes! Absolutely!

This sure brings me back to the old days. Cheesy

Anyway this is a bear trap, guys. Masterluc said months ago we would test the $6000s as support after the first leg of the bull market was over. That's exactly what's happening now.

wheelz1200

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Quote from: alanshen23 on September 27, 2019, 04:17:44 AM

It seems to bear market. Should I hold BTC now?

In my opinion it's never a bad idea to just hold it limits your upside risk. If bitcoin breaks out on the upside you wont be left buying back in higher or trying to wait for another dip cycle. Smart money will buy the way down but I dont think its gonna touch closet 3k, just my 2 cents

Febo

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Quote from: alanshen23 on September 27, 2019, 04:17:44 AM

It seems to bear market. Should I hold BTC now?

LOL you got a posible nightmare for you to sell here:

Quote from: ZimmerJason on September 27, 2019, 05:16:29 AM

I think BTC will plumb to 20K at the end of 2019 Roll Eyes

If you are wiling to take the risk and sell and then price of Bitcoin goes to $20k you can do it. Remeber those taht risk can profit. But also they lose. Or you just hold and even if Bitcoin not get 20k this year but next year you dont lose anything but gain. It is up to you.

J1mb0

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In my opinion Bitcoin cannot return to the price of 3k in 2019. maybe bitcoin will drop to the price of 7k which is the lowest price then it will rise again.

teosanru

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Quote from: alanshen23 on September 27, 2019, 04:17:44 AM

It seems to bear market. Should I hold BTC now?

I don't really think we are going anywhere near these marks as BTC now is pretty strong and voluminous. Moreover we have seen in the past that 3k has acted like a psychological support for BTC because of the fact that it gained it's 19K pump accumulations from this Mark Only. We saw a lot of trading in bitcoin at this mark. So for this year I don't think we are gonna reach this mark. Even the current phase in which BTC has entered doesn't looks that bad that we could see 3k. Hold BTC atleast until we are above 6k

barota

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yes . bitcoin can cross to 3k because lot of traders say past year that prices never fall below 6000 . but price fall around 3150 per btc .
no one now if bitcoin drop to 3000 per btc again

exstasie

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Quote from: alanshen23 on September 27, 2019, 04:17:44 AM

It seems to bear market. Should I hold BTC now?

Bearish sentiment is developing beautifully. It's like night and day vs. when we were trading in the $10,000s! People are obviously getting pretty scared. I'm getting a little scared myself! This is good. It means we're probably closer to the bottom than we think. It always feels darkest before the dawn.

Remember in December 2018 when people were expecting $1K? Well $3K might be the new $1K. Wink

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Quote from: alanshen23 on September 27, 2019, 04:17:44 AM

It seems to bear market. Should I hold BTC now?

Yes, you must hold and should buy more if your budget is allowing to risk more. By the way, $3K seems like too low, I am not saying it is impossible but it is way too low to happen, bitcoin dropped only like $2k recently, from $10k to $8k and now we are talking about another whole $5k drop for it to happen.

Now, once again I am not saying its not gonna happen or it can't happen but the likelihood of something of that magnitude to happen we need to keep going down and down without ever stopping for a long long time which in that case we would know where to get out.

Like if we go below $6k then I am cashing out all my bitcoin to fiat and then buying more when it goes even lower, I will put a stop loss (I don't know why I still haven't) at around $5.9k so that as soon as it hits under $6k I will sell. $3k is just too unlikely for now, maybe in a few months we will have a more clear answer to it depending on where price is.

Wilhelm

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This is what we would call a bull trap... get the last weak hands to lose faith...

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Quote from: alanshen23 on September 27, 2019, 04:17:44 AM

It seems to bear market. Should I hold BTC now?

The price of bitcoin is now around 8,000k USD unlike few days ago it just like 10k USD as you can see many people think that bitcoin might fall again. For me, We don't know yet if bitcoin will totally get down at 3k USD but if this thing happen many people might hold and buy more bitcoin. Maybe I will also buy more bitcoin. But still hoping that bitcoin will not fall in that price.

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Quote from: NeuroticFish on September 27, 2019, 07:53:03 AM

Quote from: alanshen23 on September 27, 2019, 04:17:44 AM

It seems to bear market. Should I hold BTC now?

1. It's not a bear market. Maybe bear market will start after this, maybe not. We'll see.

Yes, it isn't the bear market. The market has got manipulated based on the bitcoin futures contract launch. Another thing stated is the quantum computer from Google. We don't know what is the truth.

Quote from: NeuroticFish on September 27, 2019, 07:53:03 AM

2. We don't know what the future holds, but there are much more voices expecting a new ATH in 2019-2020 than a drop to 3k.

Agreed, for the year 2020 there is more events scheduled to take place with cryptocurrencies particularly ethereum and bitcoin. Also 2020 is a milestone year for Cryptocurrency as well other activities around the world.

Quote from: NeuroticFish on September 27, 2019, 07:53:03 AM

3. Please don't ask us to decide for you what to do with your money.

As mentioned one needs to decide themselves what to do next. With cryptocurrency we can give suggestions, also we don't know the perfect outcome. Better is to do their own research and decide.

Pab

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Faster will be near 20K then 3K
I will be very bearish if weekly close will be below 7355$
But i don't see that will happen
I think we will have few nervous days then bitcoin will be back to bull run
But i am watching bitcoin dominance.If will be doping rapidly below 70% then i will change my mind

STT

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The more people say never, the more likely it becomes because its certainly possible under certain circumstances but also its quite unlikely right now I think and for this year. The wider picture for 3k Bitcoin would involve general market selloffs and a stronger dollar with higher interest rates maybe where as we are seeing lower interest rates so for the moment I dont think this happens.
What we have currently is a pullback from market after rises and some news and anticipation from speculators. A revision in prices is normal and positive long term so long as it aids buyers to find a price they are willing to hold BTC at for greater then just trades from day to day.

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Bitcoin price tripled up within 4 months ( March to July 2019) so a correction was expected, I see it as a healty correction btw.
It happened in a short timeframe and also in concurrency with other important events ( bakkt being the main one).

Don't take it as a financial advice as am not an expert nor market analyst : what I withnessed it was only just another day in crypto world in my eyes.

Wilhelm

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Quote from: proudhon on September 27, 2019, 09:34:40 AM

Quote

Will Bitcoin cross 3K USD this year?

Yes! Absolutely!

Lol ....

fabiorem

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It already did, was in January.

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Quote

Will Bitcoin cross 3K USD this year?

Yes! Absolutely!

YuginKadoya

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Quote from: ZimmerJason on September 27, 2019, 05:16:29 AM

I think BTC will plumb to 20K at the end of 2019 Roll Eyes

That is just wishful thinking and I guess the price will not end up increasing anytime soon and I think that we are still in the bullish market but the price is really not budging any more right now and now has low volatility as of now, I can not know why the price suddenly drops from $10,000 USD to $8000 USD but I got a feeling that the key level right now is if the price goes down it will be $7700 USD and will not go beyond that, And if the price increase we will retain the $10,000 USD mark that is movable a few weeks back then, I guess this is my speculation for now regarding the movement of Bitcoin.

Reid

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No. I dont think so.
6k was my lowest speculation and up until now it is the same even with the recent fall.

There is no correction that is coming anymore.
It happened before because of the price suddenly rising without any reason at all. Then, it just go back to where it should be.
Lucky for those who have abused that large amount.
But the recent increase was a slow one. I doubt it will fall that fast.

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