Topic: 400 will not hold - page 18. (Read 17618 times)

If we go to $350 we will be falling to $320'ish and if/when that support removes its orders who knows where we go? It isn't up that is for sure. I am holding my shorts and have no idea where to put orders to get back in, or whether to get back in? Maybe 200's if I do, What's your plan Bob?

At this point everything is possible. My guess is that it won't go much lower than $350. Maybe $330-$340 as the very low for this year.

Oh, it's going that low.
Next support is around $317.

I hope we won't go that low. But if it does anyway, then I might actually buy some if I get the chance to buy at low $300's. I don't think it will happen.

$300 incoming.
Grab your shorts.
 

Not sure where you got from my post it is time to buy? I sold my Bitcoin and to me now is not the time to buy! Far from an ideal time to buy when everyone is screaming buy lol I will wait and see how this plays and if I feel it is worth it then I may set some orders,

It's been holding at around $400 for over a month. This was going to happen sooner or later.
I would rather see this drop happen now rather than later.

Everyone's just looking at the price and seeing how it dropped about $50 in a few days and using that as a reason to sell bitcoins and never touch them again.

Why not, instead of just looking at the price, you look at the current news involving bitcoin and the world of economics to understand the price.

As an example, Cryptsy, the former bitcoin exchange, just scammed all users and stole all the money that had been deposited on the website. Thousands of dollars worth of bitcoin were stolen. Because the price of any commodity is based on pure confidence in itself, there will be a lot of nervousness for the next little while in regards to bitcoin. People will be selling rather than buying, losing confidence and letting the price slide.

Let's understand that just because one exchange program scammed a hell of a lot of people and there's a lot of turbulence in the stock markets this year, that doesn't mean bitcoin will rot forever. It dipped below $400 because of the uncertainty explained above and what we will see very shortly in the stock exchange.

The price of bitcoin will be rising again, as normal. I don't think it will go quickly at all, but at a normal and healthy rate. Plus, considering the current events I believe we can say this minor downfall is actually healthy. With bitcoin halving coming quicker than ever and people everywhere finally realizing that regular fiat currency is totally unsustainable compared to the almighty bitcoin, the price will be rising. I recommend everyone buy - not sell.

Exactly. Not a big deal, if you ask me. We should stop the correction before $350, as there plenty of support lines between here and $350. One of them should reverse the price action.

Bitcoin was stable around the 400 dollars, but this bitcoin is not always going to be holding.
Yes we see a price going down, but I am sure that we will see a high price later so just wait some a couple of weeks it will go back to 450 dollars.

This is how the bitcoin market works, if you haven't noticed yet.

Bitcoin comes with it's ups and downs, you gotta go down with bitcoin to come back up

Time to buy more right? Well is osmething bad and something good for some people.
You can buy more if you are a holder people for sure that later you can make a profit and also for traders is good so that they can buy and trade more.

The price didn't hold firm at $400 unfortunately. I am glad to that the dumpings seems to have ended. It can also be a short break before we see more dumps happen.

Anything can happen. $370 so called support can soon get taken away or dumped into. There is no saying whether this will have a snowball to under $350 and free fall even further. Hold on to your seats its going to be a bumpy ride.

the prices wont under 370$..there's 1k buy support on exchange.
370$'s resistence.and later would be back around 410~420$

for sure it will not last for long, it will recover and come back up because the reason is that  it is not stagnant like other currencies and trade of bitcoin is increasing day by day.

But there are no bad news for reasoning this price fall. So, it is just a panic sell when some people getting fear on seeing Bitcoin prices going below the psychological levels like $400. I strongly believe bitcoin prices will bounce back towards $500 or $550 levels very soon.

if the price will crash more then we see now is hard to say. Almost 380 now

What? Highly unlikely that stocks has anything to do with this what happened today. It is most likely because of former Bitcoin XT developer Mike Hearn's blog post. You can read more here; http://www.businessinsider.com/bitcoin-has-failed-says-developer-mike-hearn-xt-censorship-2016-1

But most of us here in the forum already knew Bitcoin XT was not the answer so I am just going to buy more coins. If your weak hands tremble just sell the coins - lot of us who are more than happy to take them with this price

Unexpected price now between $389-394 in all the exchangers. Time to buy boys