Quote from: magneto on May 03, 2018, 10:09:53 AM

Quote from: aeternus on May 01, 2018, 02:02:45 AM

Quote from: talks_cheep on April 25, 2018, 02:57:42 PM

Lol this is too funny, I was led to believe we were going to see $11000 in the coming days.

I am so happy to have sold some yesterday, my spidey sense was tingling. Now, lets see if I can buy them back at a bargain price. Why do I make so much more money in a tanking market? Probably because I dont buy when its going up.

Anywayz, buy low, sell high, alwayz works for me. Noobs lose money because they do the exact opposite. Lolz!

I do not know if we are going to see such a low price maybe we are going to see 8000 or even 7000 but I do not think we're going to see 6000 again, however you are right when you say that there are many newbie traders that make a big mistake of buying when the price is very high and then selling when its low and they do that because they do not have any experience in trading and then they panic when they see the volatility of the market.

I actually think the contrary, the most likely scenario in the event of a correction in this case would be for bitcoin to get close to the $6k level where the most support it at, and test that level.

It could even fall below that price, if the support doesn't hold up. We've seen how much people can panic dump in a bearish situation in the dumps that ensued in Jan-April, and if bitcoin isn't able to move past the $10k obstacle, it's a no brainer that people are going to panic even further.

I'm not saying that it won't happen, but I think it's much more possible that you and others think. If the momentum was in the bulls favour, we would have broken $10k ages ago, which we haven't done.

no. just no. a month ago Bitcoin was scrapping the bottom of the market not going anywhere with market sentiment still negative. Now market sentiment is positive and the price has increased $3000, even including taking a week for a correction. So your "ages ago" comment makes no sense whatsoever. Bitcoin is just now gearing up to take on $10k, not ages ago. If it doesn't break $10k now it'll probably just consolidate here for a bit before breaking through. No reason whatsoever for it to fall way down, let alone get anywhere near 6000s and test the bottom of the crash again. No body in the market is thinking about $6000 so nobody is gonna sell all the way down there or even within a couple thousand dollars of there. Bitcoin looks strong with steady growth now. It'll pass $10k soon, pass $11k maybe even this month. The big test is breaking through the high-11ks level that it got stuck at twice earlier in the year.