Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: TERMINO on August 11, 2020, 06:40:45 PM
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We witness bitcoin approached $12,045 yesterday and now decline to $11,442. By the way bitcoin all time high was $20,089 back on December 17, 2017.
Do you think there will have a massive rally again after this decline and reach another ATH achievements or bearish will happen soon.?
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It is not the end. Wait for some days. Hopefully bitcoin will hit $15k very soon. We should stop panic sell.
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Well i think this correction willprove good as it will create and strengthen a support zone so in coming weeks btc can build on that support and if the momentum will be there we can expect good rally.
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What you panic is the standard correction. There is always a fall after takeoff. Therefore, you need to wait it out and soon the growth of Bitcoin will begin again.
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Around the end of September, Bitcoin (BTC) price broke the critical support zone of $ 9,500 and has established a steady downtrend ever since. Therefore, the overall trend of the market has since been decreasing. So this is just a continuation of the previous trend - the normal action of the trend in the financial markets.
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The reason for the fall in the price of Bitcoin is that Google announced that one of their quantitative algorithms made it possible for the computer to compute calculations that a normal supercomputer takes 10,000 years to do.
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Without a doubt, Bitcoin's downward move is becoming increasingly unpredictable and causing many traders to lose sleep over the past several weeks.
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The primary factor behind predictions for a bullish continuation of Bitcoin in the near term is its long-term market structure. The high time frame charts of BTC, like the monthly chart, indicate a clear breakout. Various market data could also supplement the uptrend of Bitcoin over the longer term.
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It is not acceptable that the price of Bitcoin rises and falls again. Because many people use bitcoin. It can be seen that the price goes down after buying. That's not really a good thing. He has to suffer if he does not hold. However, the price of bitcoin is more likely to rise. Because it is the only currency in the cryptocurrency world that is the king of the cryptocurrency world. So bitcoin has gained a worldwide reputation as a popular currency. So I believe there is a possibility of growth even after prices fall.
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We witness bitcoin approached $12,045 yesterday and now decline to $11,442. By the way bitcoin all time high was $20,089 back on December 17, 2017.
Do you think there will have a massive rally again after this decline and reach another ATH achievements or bearish will happen soon.?
I think this is why everybody says crypto market is very unpredictable and nobody knows what will happen tomorrow. Any thing can happen tomorrow it may be come to 8k$ or pump to 14k$. So i always prefer spot market trade or investment so that i would not be upset for ups and downs.
thanks.
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I think for bitcoin to recover from its old price, it takes some new trend. Defi has brought a great deal of money, along with some good news, which is why bitcoin has soared in price. Let's wait for what will happen to come. Expect Bitcoin to increase in price even further
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We witness bitcoin approached $12,045 yesterday and now decline to $11,442. By the way bitcoin all time high was $20,089 back on December 17, 2017.
Do you think there will have a massive rally again after this decline and reach another ATH achievements or bearish will happen soon.?
Yes I think that bitcoin which hold the top rank of all the cryptocurrencies has its very high potential to make another all time high value and surpass the 20k mark which I am hoping that it will happen this year.
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We witness bitcoin approached $12,045 yesterday and now decline to $11,442. By the way bitcoin all time high was $20,089 back on December 17, 2017.
Do you think there will have a massive rally again after this decline and reach another ATH achievements or bearish will happen soon.?
this possibility of correction is normal if the market continues to go down quickly then this is a correction that is very deep or holders sell bitcoin them simultaneously then the market will get worse I see in this market is still relatively decline in prices which is quite normal for the price of bitcoin and volumes are still improving up currently.
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We witness bitcoin approached $12,045 yesterday and now decline to $11,442. By the way bitcoin all time high was $20,089 back on December 17, 2017.
Do you think there will have a massive rally again after this decline and reach another ATH achievements or bearish will happen soon.?
I think this is why everybody says crypto market is very unpredictable and nobody knows what will happen tomorrow. Any thing can happen tomorrow it may be come to 8k$ or pump to 14k$. So i always prefer spot market trade or investment so that i would not be upset for ups and downs.
thanks.
That's right mate!
Everything in crypto is possible in terms of sudden drop or rapid pump.
More likely bitcoin take a break for awhile and then possible rapid pump could happen. Looking forward to bitcoin performance in the coming days.
This thread purposely created to share everyone's opinion. Just share your thoughts. :D
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When the price of Bitcoin falls, for new investors, they will sell. On the contrary, experienced investors see this as a good opportunity to buy more
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Every time the price of Bitcoin drops, the negative actors about Bitcoin always share news like scam, bubbles, .. But really, after the price decrease, Bitcoin always recovers immediately and these components know. lost from the community
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We witness bitcoin approached $12,045 yesterday and now decline to $11,442. By the way bitcoin all time high was $20,089 back on December 17, 2017.
Do you think there will have a massive rally again after this decline and reach another ATH achievements or bearish will happen soon.?
The little drop that you see is more of a price retrace, rather than a drop in price and this happens alot. The bull run is surprisingly here and you have the options to continue to take profit or hodl up for the biggest price.
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At this point, I think things are getting better with bitcoin, it will increase. Look at how the price dropped from 20k to 3k3. And then it shot up to 7k amidst the current IEO. And now the price is over 11k. The market cap is getting stronger and stronger, let's see what happens this year.
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Currently the downtrend is happening with most of the top 100 CMC, I expect BTC to fall back to 10 000 USD to regain momentum to retest 12 000 USD in the near future. DeFi tokens will fuel this bull run of BTC & the entire market.
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Bitcoin price increases and decreases continuously and this is also the problem that people are always most concerned about in the crypto market. Talking about last month Bitcoin hit $ 3,000 is considered the highest in history. However, after only 3 days of high rise, the price has dropped to $ 2,264 without anyone knowing in advance, down 24% in value. The slump made new investors entering the market nervous.
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BITCOIN PRICE DISCOUNT IS A GOOD OPPORTUNITY TO BUY. Here, investors believe in Bitcoin's long-term value. So when the price drops, they buy more. Though the market is so unpredictable it means buy when the price falls and when the price is about to go up. The drastic drop in price allows investors to put more of their money in to buy Bitcoin rather than a low volatile, low volatile market.
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If you are a believer in the potential of Bitcoin and appreciate the advice of experts, you should not be too worried when the price of Bitcoin drops, but rather cheer up. When discount you can use cash to buy more at a cheaper price
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We witness bitcoin approached $12,045 yesterday and now decline to $11,442. By the way bitcoin all time high was $20,089 back on December 17, 2017.
Do you think there will have a massive rally again after this decline and reach another ATH achievements or bearish will happen soon.?
There are no objective reasons for a long period of falling prices in the cryptocurrency market. The recent decline in prices was most likely a temporary correction. Now we see another sharp increase in the price of ethereum, which from 369 dollars on August 26 in just five days reached the current price of 442 dollars.
Bitcoin price is growing much more modestly. During this time, it has risen from $ 11,495 to $ 11,701 today.
Most likely, we can traditionally see good growth in the cryptocurrency market in the fourth quarter of this year.
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The plunge of cryptocurrencies comes amid a massive sell-off of assets as governments around the globe continue to grapple with coronavirus's dizzying rate of spread.
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around the world, many schools are closed, sporting events have to be canceled, ... and many people have to work from home due to Covid 19. This also affected the crypto market heavily, including Bitcoin
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Bitcoin price plummeted, falling to $ 4,471 / BTC. Meanwhile, a series of other digital currencies also fell dramatically.