Quote from: Kemarit on February 07, 2018, 01:35:31 PM

Quote from: DoublerHunter on February 07, 2018, 01:15:17 PM

I think it is safe to say that bitcoin is recovering when the price of bitocin go more than 10,000 USD because the price of bitcoin might be just a bull trap for the bulls or buyers so i think that bitcoin is still in the stage of confirming or creating a confirmation if that is a signal for recovery or not for its own market in the long run.

I have to disagree with you. Sometimes we don't need to look at the price, but how much is recovered already. It went yesterday from $7300 down to $6900, and then it bounce to the current price of $8200-$8300 and as per coinmarketcap, its about 23%. For me that's not a bull trap but a recovery in itself. We also need to understand that after the US Senate Hearing, the price just exploded, which means that the investors confidence are back, pouring cash into the ecosystem.

Quote from: adjudicator on February 07, 2018, 01:21:49 PM

Quote from: aditya6997 on February 06, 2018, 01:00:27 PM

Price is showing a positive spike!

Yeah, although the bitcoin is suddenly bumped down it is still normal, and we dont need to afraid of. Because someday bitcoin will rise again that no one will imagine its price, just like what everybody said you must wait and be patience before you can get what is right for you.

You just have to checked bitcoin's past history on recovery and you can really tell that we don't need to be afraid or worried. It will bounce back from this kind of situations and will likely hit another all-time-high.

I agree, the price now shows $8.4k when I make this post, which means 25% increase or more than $2k in a day. Market capitalization also rises from $ 103B at the lowest amount, now up to $ 140B. It's not just a hike that contains false promises. This is normal, and it should be the time. We should see a fast recovery if its continue to happen this week.