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Topic: Bitcoin down to 500? - page 4. (Read 5670 times)

hero member
Activity: 616
Merit: 500
September 05, 2016, 04:16:39 AM
#77
It's unlikely for bitcoin to go down again to 500. Couple reasons would be overtaking of an alt coin, big hacking fiascos or a major interest drop in bitcoin (but that's caused by the previous explained events). From now on I think alot of interesting things are going to happen and we should watch closely.
sr. member
Activity: 406
Merit: 250
September 05, 2016, 04:07:26 AM
#76
Is the bitcoin price crashing? $500 is a huge drop for bitcoin.

Will the bitcoin price go lower than $500?
At the moment the Bitcoin is at around $600 which is a pretty good think but I thought that the Bitcoin would be a bit higher.
I still think that at the end of the year the Bitcoin will reach $1000.
sr. member
Activity: 269
Merit: 250
September 05, 2016, 03:42:25 AM
#75
The bitcoin is not going down to the 500 because he always rise allot and i dont think he would fall like 100 dollar a day or a week that would be to much you know there are allot of people making big losses for sure!
hero member
Activity: 560
Merit: 502
September 04, 2016, 05:53:41 PM
#74
I don't think bitcoin can go that low this year, because it is getting more popularity, day after day, and there are people buying it in big amount. You can see that they surely know Bitcoin is going to become ever more strong over time.
Look at the price of BTC right now. It is above $600. If this trend will continue we won't see $500 this year.
Unless something like Bitfinex fail happens  again.
sr. member
Activity: 259
Merit: 250
September 04, 2016, 05:25:43 PM
#73
I don't think bitcoin can go that low this year, because it is getting more popularity, day after day, and there are people buying it in big amount. You can see that they surely know Bitcoin is going to become ever more strong over time.
legendary
Activity: 1288
Merit: 1000
September 02, 2016, 08:40:26 PM
#72
Even if price falls below $500 in coming days, that doesn't mean that bitcoin is dead or its an end of bitcoin, it has an potential to bounce back and  bitcoin will not be replaced so easily.
And what exactly would cause that price drop? Because I didn't heard about any significant news which could cause further drop.
I don't think that Baidu ban is that crucial for global bitcoin market and US economic data are not that impactful at all.
hero member
Activity: 714
Merit: 500
September 02, 2016, 07:06:27 PM
#71
Bitcoin has shown that it is much more resistant to crashes than it was a few years ago. 
The "drop" that people are talking about was actually a slight bubble a few weeks after the last halving. 
The price will probably go up slowly.

The only way I can see the price going below $500 is if BTC is totally dead.
Unless we see another coin become so popular that it overthrows Bitcoin, I'm sure that buying coins now is at least a decent investment.

Even if price falls below $500 in coming days, that doesn't mean that bitcoin is dead or its an end of bitcoin, it has an potential to bounce back and  bitcoin will not be replaced so easily.
legendary
Activity: 2436
Merit: 1008
September 02, 2016, 12:52:48 PM
#70
Things are still quite difficult to predict in the cryptocurrency market, you will be able to see that even the best specialists have made mistakes in the forecasts.

That's why don't stress ourselves with the possible scenarios but rather just take closely the price watch in order to avoid regrets and mistakes.

And besides we already known that bitcoin price movement is really unpredictable so most of the bitcoin users already used to it.
sr. member
Activity: 434
Merit: 250
September 02, 2016, 12:32:09 PM
#69
Bitcoin has shown that it is much more resistant to crashes than it was a few years ago. 
The "drop" that people are talking about was actually a slight bubble a few weeks after the last halving. 
The price will probably go up slowly.

The only way I can see the price going below $500 is if BTC is totally dead.
Unless we see another coin become so popular that it overthrows Bitcoin, I'm sure that buying coins now is at least a decent investment.
full member
Activity: 126
Merit: 100
September 02, 2016, 12:01:35 PM
#68
in now bitcoin stable price in range 550 - 600 dollar
is droop and down to 500 dollar is very long time excepted hard dump
is investor much bitcoin hard dump this price
hero member
Activity: 756
Merit: 520
September 02, 2016, 02:51:51 AM
#67
Things are still quite difficult to predict in the cryptocurrency market, you will be able to see that even the best specialists have made mistakes in the forecasts.

You're absolutely right comrade, for all things about the future we cannot do something that certainly or really. The absolute conditions for it from God and we can only follow and anticipate something according to we can make us worse. so also with the cryptocurrency, we can only save or utilize the crypto with trade or transaction . But if indeed you believe that bitcoin is going down, then you should keep it (if you have a good experience in the bitcoin) or you can sell it
sr. member
Activity: 256
Merit: 250
September 01, 2016, 10:22:26 PM
#66
Things are still quite difficult to predict in the cryptocurrency market, you will be able to see that even the best specialists have made mistakes in the forecasts.
legendary
Activity: 1638
Merit: 1046
August 19, 2016, 03:00:41 PM
#65
I am not sure if you guys are following FOREX markets. We had some pretty high USD price drop due to unfavorable economic forecasts.
It will cause some investors to shift power and buy BTC instead of USD. And We can already see it - BTC currently is ~$580.
I'm not following forex markets but sometimes checking about forex and read about economic news, well dollar has drop but other currencies has rise and the price of bitcoin rise not because the dollar down. i never think bitcoin has connected with forex since the goverment still not accept existency of bitcoin.
I never tried that forex.. before i want to join in that site but the minimum deposit is very high.
Many people said that they are sucess in forex but didnt know if they are telling the truth we know many people here are making a lots of profit in trading.. so i think there are the same.
hero member
Activity: 518
Merit: 500
August 19, 2016, 02:47:42 PM
#64
I am not sure if you guys are following FOREX markets. We had some pretty high USD price drop due to unfavorable economic forecasts.
It will cause some investors to shift power and buy BTC instead of USD. And We can already see it - BTC currently is ~$580.
I'm not following forex markets but sometimes checking about forex and read about economic news, well dollar has drop but other currencies has rise and the price of bitcoin rise not because the dollar down. i never think bitcoin has connected with forex since the goverment still not accept existency of bitcoin.
legendary
Activity: 4032
Merit: 4562
You're never too old to think young.
August 19, 2016, 12:40:32 PM
#63
Is the bitcoin price crashing? $500 is a huge drop for bitcoin.

Will the bitcoin price go lower than $500?

No the price of bitcoin isn't crashing. It's up over $130 so far this year. It rose by over $100 last year. In the last 6 years it's gone from under a dollar to around $580.

The closest thing to a "crash" was in 2014, the only year when the price actually fell. That year it fell by about $500 and it was indeed a huge drop. If you meant that a price of $500 represents a huge drop, you must be very short-sighted. It's only been over $500 for less than 3 months.

Will it go lower than $500 again? It's possible. It was below $500 less than 3 weeks ago.An unforseen event like the Finex hack, the Silk Road bust or the MtGox fiasco could send the price plummeting but it's unlikely to stay down for long.

In my opinion, it's as likely to reach an ATH as it is to stay below $500 for very long.

Just keep buying the dips. Anyone who didn't stock up on sub-$100 coins in 2013 and sub-$200 coins in 2015 missed great buying opportunities. In a couple of years we'll consider having failed to stock up on sub-$1000 coins to be a missed opportunity.
sr. member
Activity: 532
Merit: 250
August 19, 2016, 12:14:20 PM
#62
I am not sure if you guys are following FOREX markets. We had some pretty high USD price drop due to unfavorable economic forecasts.
It will cause some investors to shift power and buy BTC instead of USD. And We can already see it - BTC currently is ~$580.

very precise, forex something thing that rely solely on profits or even I consider that forex is a lottery gambling. All systems in the forex is absolutely the same as the lottery, much better if you want to trade then bitcoin is the solution of all these things. because the price rise and definitely definitely bitcoin down
legendary
Activity: 1288
Merit: 1000
August 19, 2016, 11:23:41 AM
#61
I am not sure if you guys are following FOREX markets. We had some pretty high USD price drop due to unfavorable economic forecasts.
It will cause some investors to shift power and buy BTC instead of USD. And We can already see it - BTC currently is ~$580.
hero member
Activity: 756
Merit: 500
August 19, 2016, 10:09:27 AM
#60
I don't think price is going to down below than $550 range this time, price is bearish and it have a lot of selling pressure at the moment even no bullish sign exist, price is on survival phase and it can break the current pressure and will start rising very soon, I think so price is doesn't matter it need to get a stable floor.

I believe the dump will not go deeper under 550$ or even 500$ since i think many people will surely buy since bitcoin for this price is so cheap and also some other people would provably would buy for their investments good and maybe also for manipulating tricks(who knows) but as far as ive seen nowadays i think todays price will be the stable price untill this month and hopefully it will rise on september.

Price has stuck at $570 at a moment  and even if it falls in coming days then I don't think it will go below $550 and I think even current price is a good one to buy some bitcoins.

That's right, it is now located in the bitcoin price rate of $ 570. But I am sure the price will drop to $ 550-$ 500 in the next week, because I see the market movement bitcoin is not good enough. So this could make the price of the bitcoin became down and also I think halving bitcoin is finished. So hold the first to purchase and see price up bitcoin bitcoin stable
hero member
Activity: 938
Merit: 1000
August 19, 2016, 09:51:05 AM
#59
I don't think price is going to down below than $550 range this time, price is bearish and it have a lot of selling pressure at the moment even no bullish sign exist, price is on survival phase and it can break the current pressure and will start rising very soon, I think so price is doesn't matter it need to get a stable floor.

I believe the dump will not go deeper under 550$ or even 500$ since i think many people will surely buy since bitcoin for this price is so cheap and also some other people would provably would buy for their investments good and maybe also for manipulating tricks(who knows) but as far as ive seen nowadays i think todays price will be the stable price untill this month and hopefully it will rise on september.

Price has stuck at $570 at a moment  and even if it falls in coming days then I don't think it will go below $550 and I think even current price is a good one to buy some bitcoins.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
August 19, 2016, 08:28:32 AM
#58
I don't think price is going to down below than $550 range this time, price is bearish and it have a lot of selling pressure at the moment even no bullish sign exist, price is on survival phase and it can break the current pressure and will start rising very soon, I think so price is doesn't matter it need to get a stable floor.

I believe the dump will not go deeper under 550$ or even 500$ since i think many people will surely buy since bitcoin for this price is so cheap and also some other people would provably would buy for their investments good and maybe also for manipulating tricks(who knows) but as far as ive seen nowadays i think todays price will be the stable price untill this month and hopefully it will rise on september.
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