Bitcoin Dumps to $3600... What now?

in bitcoin •  6 years ago  (edited)

Bitcoin Dumps to $3600... What now?

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Maybe some way to go down further. The shakeout.

the market is not very good now

BTC need's to hold $2,900 or next resistance is $1,200 range.

now is $4000

sure bounce $4k - $4,400
but we are going down, down, down.... which is good for me and other buyers.
$2,900 BTC

  ·  6 years ago 

I think Bitcoin will be touch 3000$ then it will again pumps. The whole market is crashing. Hope early in 2019 will be something great for us.

we hope so

ye...it suks but a have my 5 years plan so no its a time to ignore coinmarketcap for the rest of the year. and coninuing my mining..and get more btc..:) its just a matter of time..but it suck it you need the mony atm..but if you do then u fuck up. never invest what u cant loose. its all good.

  ·  6 years ago (edited)

Waiting for the bottom. But when are we there?

nobody knows

Not yet, and probably not for a while now...alot of damage done but at least now people beleive it is going much lower

10 days ago, people were excited about Bakkt launch and pending ETF decision and were confident about 6k support and the sentiment felt like people believed we will be going up but then we broke the support, went all the way down to 3600 and suddenly people started predicting 1k bitcoin. I believe people are being overly pessimistic and I believe we are very close to the bottom now

Posted using Partiko Android

  ·  6 years ago 

ledger is pretty impressive been handling the forks well

Its looking more like capitulation which is what is needed to start thinking of a bottom but we need to wait for the markets to trade more volume at these prices to see the demand and supply dynamic.

Posted using Partiko iOS

Bitcoin is done. Transaction time is unacceptable and there are too many new options that work better. The only thing that is keeping it going is all of the new uninformed investors that have been pressured to buy by their brokers. ETH is a much brighter future than BTC

  ·  6 years ago 

People who focus on transactions times are going to have a bad time one day when a trusted party goes rogue on the network. Bitcoin was never about transaction times. It was about trust less consensus without a third party intermediary.

Bitcoin had its ideals in the beginning and so did Dogecoin. What once was a nerdy novelty has now entered the mainstream of investing. The masses of uneducated people who want into crypto want it now and want it fast and bitcoin is considered outdated.

I see it as a great opportunity for those who not got BTC in early 2017

This dump needed to happen. Either now or later. Now that it was we are waiting for a sideways base to start to fill....people are continually becoming more bearish which is good

  ·  6 years ago 

waiting for the 3k to by more

  ·  6 years ago 

i'll hold anyway even if th bearmarkets lasts till next btc halving or even beyond that