So What happened to Bitcoin Today?
has it taken a downward path? did it climb too fast? is this a correction or a change in trend?
The price may simply be consolidating after a period of intense growth, with over-the-counter trader Charlie Shrem reporting that he believes this to be the case.
Shrem pointed to bitcoin's long-term value projections as evidence the market isn't "satisfied" even with the current price observed today. (source: coindesk.com)
My confidence in Bitcoin is not shaken at all, this consolidation will build steam for the next push. Whatever happens with Bitcoin's price, always make sure you have at least 10 Bitcoins stashed away.
FTFY
I see what you did there
Clever
https://steemit.com/silver/@sarah72492/do-something-now-or-be-sorry-later
yep, that's right. its just retracing atm and will push up to $3500 by the end of june.
What else can you see in the future?
August, September might see a huge sway in favor of the btc so its looking bullish. In my own point of view, even if i buy btc's worth $10k or $20k that will still be a very good investment as i expect btc prices to shoot up uncontrollably perhaps hundreds of times from what it is valued right now. In 2009 i was offered 50k pre-mined btc's for $50 and i turned it down sighting it as a hacker scam. Had i listened to the guy and bought those btc's for 50 bucks it would have been a totally different story today. lolz
Ug..u have a story like mine..lol
Oh it gets even worse from that point. Lots more btc's lost and wasted.
isnt that a bit too fast? It should dip to $1450 first..
It might seem a bit too fast but if i based it on certain fundamentals i've been gathering $3500 seems legit. but i could be wrong so don't just quit your day job yet. lol, btc will be worth wayyy more than that anyways in the near future.
Why do you think it will be 3500 dollar by the end of june?
Bitfinex started to resume fiat withdrawals (for requests of $50,000 or greater) earlier today, and it should not be viewed as coincidence the price of Bitcoin fell as a result of it.
Speculators were willing to pay risk premiums in the form of ever higher Bitcoin prices (much like when Mt GOX was having issues with fiat transfers), just to move it off Bitfinex to other exchanges without liquidity issues.
Now that larger withdrawals of $50,000 or greater are being processed, demand is subsiding and risk premiums are no longer being paid. Consequently, the Bitcoin bubble should recede to more "normal " levels.
Plausible. More correlating data would help support the Bitfinex angle.
Although, the pullback has already bounced back as I am writing this.
10 BTC? Yeah.... who want's to help me out with that? lol
upvoted
@shayne
lol.....maybe 0.25 BTC is realistic ?
Yeah, I am still working my way to 1 BTC...
Hi My Opinion is that the central Banks will use the cyber attac in Great Britain will be used to criminalize the Use of Bitcoin to bring it down so I think that next week we may will see a big downmove in Bitcoin
wait, you nailed it, just 1 min before damn :)
That, Kinda Makes Sense :)
I think a very real problem with crypto is the danger of false flag attacks to change public perception of btc, i believe there are many more of these attacks en route
I do agree at the present time, but you should notice that some of these corrections frighten people in a way that make another corrective wave. TY!
I believe we will see $2,000 by end of month.
Thanks for sharing and Steem on!
That seems probable, but thats too much of a stretch from $930 to current levels, without s significant correction. I hope there is a time-wise correction. That would be healthy.
I agree .. it seems like it might be starting to happen soon. The rest of this month will be very interesting to say the least.
Yes.. and I have an eye on ethereum too..;)
And in other news. Just got another Apmex order in today for us old fashioned farts that prefer to hold actual REAL wealth in our hands. WARNING: TULIPS!
$163 for this post? {Bemused expression crsses face}.....{shakes head in disbelief}
https://steemit.com/bitcoin/@johndogett/raising-the-buy-up-to-price-of-bitcoin-btc
No-one nailed it. The reason bitcoin dropped today is the massive ransomware bitcoin hack that is everywhere.
that could be the case ! shakes the confidence completely.
Only for sheeple!
Criminals asking for gold as ransom does not make gold inherently criminal.
Agreed fully.