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7 hours ago, focusedwriter10 said:

The price of Bitcoin has already gone up after some duration of tough market forces. But, according to my opinion, the price of Bitcoin will continue to increase because the demand is increasing, while the supply is low. 

That's really interesting. I think so too. Also, bitcoin is gradually nearing its limit. I wonder how much it will be worth once it runs out. Maybe more than double its current price. 😁

19 hours ago, Onizuka said:

https://www.tradingview.com/x/4IO409GP/

I'm sorry, it did go below 6000 for a few times but never below 5000. The charts are easy to search out there. The main idea still stands though. The price has been stabilizing at the 6000 level, and from a technical standpoint, this might be considered the bottom. See the link above; see how the price is just moving in a straight sideway line? We might be in the accumulation stage after the bottom has been marked, and what follows accumulation is the rally we've all been waiting for.

I think the rally that everyone is waiting for has just began.  Bitcoin is now waking up from its long slumber and is steadily appreciating for the past week.  I do think that a major rally is starting and Bitcoin will hit new highs again or atleast the 10k mark until the end of the year.

18 minutes ago, Kakashi2020 said:

I think the rally that everyone is waiting for has just began.  Bitcoin is now waking up from its long slumber and is steadily appreciating for the past week.  I do think that a major rally is starting and Bitcoin will hit new highs again or atleast the 10k mark until the end of the year.

But as we approach the set limit, it is good to remember the demand is also increasing which is the reason as to why the price is increasing steadily. But, when the limit will be met, maybe people will sell their Bitcoin at a lower price for fear of losing all. Most likely, the price will go down.

22 hours ago, Onizuka said:

https://www.tradingview.com/x/4IO409GP/

I'm sorry, it did go below 6000 for a few times but never below 5000. The charts are easy to search out there. The main idea still stands though. The price has been stabilizing at the 6000 level, and from a technical standpoint, this might be considered the bottom. See the link above; see how the price is just moving in a straight sideway line? We might be in the accumulation stage after the bottom has been marked, and what follows accumulation is the rally we've all been waiting for.

I'm very sure that the price went below $5000 because I know a few people who took the opportunity to invest that moment. But it didn't last long and it went right back up to $5000 and then to $6000. 

It's firm at $6000 plus at the moment and I'm sure that it wouldn't drop below it anytime sooner. 

On 10/30/2018 at 12:27 AM, Marako0406 said:

We can't really say but Bitcoin still has a lot of time before the end of this year. It seems like it's going to be the ceiling of bitcoin's value but if I'm wrong then all is well and it should go up by the end of this year. A lot of people are expecting it to happen but progress is real slow. hopefully it will gain it's positive momentum this December.

I have been waiting for the price of bitcoin to go up. I could see that it has not gone back to $20k level. It is still on the 6k level.

8 hours ago, menchuuy58 said:

I have been waiting for the price of bitcoin to go up. I could see that it has not gone back to $20k level. It is still on the 6k level.

I don't think it would ever get back to $20k so quick. It's been on $6 for a while now and it's most likely going to remain on it till further notice. 

  • 3 weeks later...

Unfortunately bitcoin moves really slow and till crashing its way down. I really hope its value won't be reaching the ground as it is still the most valued cryptocurrency and the first of its kind to be this popular. It still has another month to go but up!

6 hours ago, Marako0406 said:

Unfortunately bitcoin moves really slow and till crashing its way down. I really hope its value won't be reaching the ground as it is still the most valued cryptocurrency and the first of its kind to be this popular. It still has another month to go but up!

It probably will sometime soon. Let's just be patient. Especially, for those who've invested a good amount of money on it. Your due diligence and waiting will eventually be rewarded. 😃

  • Like 1
23 minutes ago, Martinsx said:

At least for now, Bitcoin isn't going up anything soon. With the way it's behaving, I'm not sure if it's going to stop dropping because it keeps dropping on daily basis. There is definitely something causing this drop. 

Do you think I should buy Bitcoin while it's low now? Or it might decrease even more?

Unlike stock market in which investors can ascertain the fundamental value of a company based on cash flow, net income etc.  If the market price drops below tangible asset value or book value, investors will find the stock as a good bargain.  In virtual coin, the volatility of price is purely on demand and supply which in turn is determined by perception and confidence that the virtual coin will be widely accepted as medium of exchange in the future.  Thus, it is near to impossible to know the true value of Bitcoin and the potential of it appreciates in value.

23 hours ago, Bravosi said:

Do you think I should buy Bitcoin while it's low now? Or it might decrease even more?

The point is that there is no way of knowing whether it's going to keep dropping or skyrocket the following morning. But I think that the current price is good to invest in Bitcoin but my advice would be to not invest what you can't afford to lose in case of another fall. 

This is very expected. Fall of Bitcoin is only temporary. God knows, perhaps in a few years you'll be a millionaire by owning Bitcoin. The available prospects are immerse and huge. 
I'd say it would be terrible to miss out the chance to get some Bitcoins while they're cheap (relatively). Not sure about other cryptocurrency, as I'm sure that Bitcoin is the most sustainable out there. It might outlast them all.

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