Quote from: pixie85 on October 19, 2018, 06:53:24 PM

Quote from: Idrisu on October 15, 2018, 06:29:51 AM

Quote from: hemu210387 on July 14, 2018, 06:40:11 AM

Bitcoin prices are constantly decreasing.Its price has increased slightly a few days ago, but now it has decreased again.So, the bitcoin will be completely destroyed? If the predictions of different researchers will be wrong then..
What is the reason for lowering the price of Bitcoin?

I think it has not gotten to the bottom yet and we should hope that bitcoin will recover when it get to the bottom. I see many investors that buy bitcoin over $10,000 still holding and I am keeping faith that in 2019 we would see another direction of the market.

We were at the bottom of 6000 USD so many times this year. I've checked the charts and we've never defended a bottom so many times in history. At least I couldn't find another similar event. Maybe this really is the bottom? Bitcoin is so easy to manipulate that I wouldn't be scared if we went to 5000 USD. I think that almost all traders that still have fiat to spend are looking to buy at that level.

The only strange thing with the 6000 bottom is it's been defended but other than 2 times (that I remember) it wasn't tested too heavily, there's mostly just been low volume sells which will easily be fended off. I believe 6k is the bottom and will hold, the fact it's so close to the cost of mining 1 bitcoin is also always a good indicator. As for people having spare fiat to buy at under 6k I don't think there's too many people in that boat, most who think 6k is a bottom will have bought at 6k because long-term it's a sound investment and 5k might not come. 6k is also much safer than 5k, if we go below the 6k bottom who knows when we might stop.