Topic: WILL BITCOIN RECOVER? - page 12. (Read 1048 times)
Bitcoin will recover because this is not the only time bitcoin has slide in price since it was inducted into the online currency. A short downtrend of bitcoins doesn't means it will stay there forever.
The bitcoin price fell free, losing nearly $ 14,000 in value since the peak of 2017. But while cryptocurrency hovered around this year's lows, a new $ 300 million fund dedicated to the crypto market has given investors fresh optimism. The cryptocurrency market was further encouraged this week by news that Facebook reversed its decision to ban ads for bitcoins and other virtual currencies.
This move once again sparked rumors that Facebook is planning a major acquisition in space, or even potentially cryptocurrency itself. Facebook CEO Mark Zuckerberg said in early 2018 that he plans to "go deeper" with cryptocurrency technology - which offers more than 2 billion users worldwide - launched the blockchain exploration group. Other analysts said that the lifting of Facebook's ban will help reverse the price trend of bitcoin and other cryptocurrencies.
"The crypto market has been in bear territory over the last week or so," Nigel Green, founder and CEO of financial services firm deVere Group, said in a statement to The Independent.
"Facebook's step can be expected to help take it back towards the bulls... Savvy investors are looking at the bigger picture."
Looking at the 12-month price history of bitcoin, the cryptocurrency's current value still represents a 260 per cent increase year-on-year.
This move once again sparked rumors that Facebook is planning a major acquisition in space, or even potentially cryptocurrency itself. Facebook CEO Mark Zuckerberg said in early 2018 that he plans to "go deeper" with cryptocurrency technology - which offers more than 2 billion users worldwide - launched the blockchain exploration group. Other analysts said that the lifting of Facebook's ban will help reverse the price trend of bitcoin and other cryptocurrencies.
"The crypto market has been in bear territory over the last week or so," Nigel Green, founder and CEO of financial services firm deVere Group, said in a statement to The Independent.
"Facebook's step can be expected to help take it back towards the bulls... Savvy investors are looking at the bigger picture."
Looking at the 12-month price history of bitcoin, the cryptocurrency's current value still represents a 260 per cent increase year-on-year.
It's very good news and with Facebook's return to cryptocurrencies I believe it will bring the bitcoin and other crypto prices better.
the price has RECOVERED
stop standing at the top of a mountain peak looking down as if what your looking at is a cliff edge of a drop.
a mountain is not the level ground of where everyone should stand..
instead stand at ground level of octobers $6k and march-july's ~$6k and see that a tsunami occured where everyone looked at the skies and seen a large wave occur out of nowhere... and now the tides have recovered back to normal base levels
that $20k was not something 100% of people could take advantage of. it was not something that hung around for months for everyone to organise their finances and get online and trade and appreciate.. the $20k was a very temporary fluke that lasted minutes.
so just stop thinking about $20k as if it was "the norm" and anything below it is disaster undervalue.
be sensible and stand at ground level
stop standing at the top of a mountain peak looking down as if what your looking at is a cliff edge of a drop.
a mountain is not the level ground of where everyone should stand..
instead stand at ground level of octobers $6k and march-july's ~$6k and see that a tsunami occured where everyone looked at the skies and seen a large wave occur out of nowhere... and now the tides have recovered back to normal base levels
that $20k was not something 100% of people could take advantage of. it was not something that hung around for months for everyone to organise their finances and get online and trade and appreciate.. the $20k was a very temporary fluke that lasted minutes.
so just stop thinking about $20k as if it was "the norm" and anything below it is disaster undervalue.
be sensible and stand at ground level
I am faithful it will recover and even surpass previous ATHs, especially on the long run. Just imagine the surge when lightning-network will be broadly implemented. 
Bitcoin is going to $4500
Possible, but it will also go to $45000, I am holding for long term.
Bitcoin is going to $4500. Some 8 inactive bitcoin accounts from 2011 have been logged in and each of them have 10,000+ Bitcoins. Total 100,000 Bitcoins could be sold.
The bitcoin price fell free, losing nearly $ 14,000 in value since the peak of 2017. But while cryptocurrency hovered around this year's lows, a new $ 300 million fund dedicated to the crypto market has given investors fresh optimism. The cryptocurrency market was further encouraged this week by news that Facebook reversed its decision to ban ads for bitcoins and other virtual currencies.
This move once again sparked rumors that Facebook is planning a major acquisition in space, or even potentially cryptocurrency itself. Facebook CEO Mark Zuckerberg said in early 2018 that he plans to "go deeper" with cryptocurrency technology - which offers more than 2 billion users worldwide - launched the blockchain exploration group. Other analysts said that the lifting of Facebook's ban will help reverse the price trend of bitcoin and other cryptocurrencies.
"The crypto market has been in bear territory over the last week or so," Nigel Green, founder and CEO of financial services firm deVere Group, said in a statement to The Independent.
"Facebook's step can be expected to help take it back towards the bulls... Savvy investors are looking at the bigger picture."
Looking at the 12-month price history of bitcoin, the cryptocurrency's current value still represents a 260 per cent increase year-on-year.
This move once again sparked rumors that Facebook is planning a major acquisition in space, or even potentially cryptocurrency itself. Facebook CEO Mark Zuckerberg said in early 2018 that he plans to "go deeper" with cryptocurrency technology - which offers more than 2 billion users worldwide - launched the blockchain exploration group. Other analysts said that the lifting of Facebook's ban will help reverse the price trend of bitcoin and other cryptocurrencies.
"The crypto market has been in bear territory over the last week or so," Nigel Green, founder and CEO of financial services firm deVere Group, said in a statement to The Independent.
"Facebook's step can be expected to help take it back towards the bulls... Savvy investors are looking at the bigger picture."
Looking at the 12-month price history of bitcoin, the cryptocurrency's current value still represents a 260 per cent increase year-on-year.
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