Bots.Doctor

Well-Known Member
83
17
8
2018
Wjunction, it seems that Bitcoin is on the rise, at the time of writing these lines the price of bitcoin have gone up from a low price $7823 to $8208.



This might have happened from a few reasons:

  1. The fall from $8500 was a carefully managed short run, to earn quick profits and the rise in the price is an exit from that short.
  2. A major player has a set price to enter the marker with a buy order around $7800 price tag.

My opinion is that we're set for a bull run, time will tell.
 
10 comments

Gaky

Well-Known Member
86
7
8
2018
There are no reasons for the growth of Bitcoin. I read that growth is caused by technical factors and in the near future bitcoin will return to its previous position.
 

Bots.Doctor

Well-Known Member
83
17
8
2018
Looks like Gaky was right. Right after that peak at 8200-8400 BTC went down.
Gaky post doesn't mean a thing, "in the near future bitcoin will return to its previous position" previous position can mean it will go back to $19,500, while it was at $19,500 there was no reason for it's growth as well.
It might be true that the price wen't down in the past few weeks, but it's just another limited time window to purchase bitcoin while it's cheap.
 

Hilltop

Member
6
3
3
2017
We argue over Long term vs Short term, as usual.
I understood his comment as relating to "short term", a week or two maybe.
Of course in long term it can raise again
 

Rox

Vice Administrator
8,492
2,961
113
2010
The previous rise (20k) was unsustainable and hence the fall. It is good to have a bear market, developers can concentrate so much on making the ecosystem better.

I don't see big bull run happening anytime soon, we may definitely see short bursts but not the kind we've seen last year. That needs some more time.
 

MasonUSA

Member
17
3
3
2018
Buy bitcoins and don't touch them for few years.
Only with this way you can get any good results.
 
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Rox

Vice Administrator
8,492
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2010
I personally use the ability to exchange to TUSD on Exodus - helps me preserve my funds. Can buy back easily when required.
 
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