Bitcoin down to 500? - page 6. | Bitcointalksearch.org

joshvette001

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Quote from: calme on August 17, 2016, 11:20:30 AM

Quote from: Btcforall on August 17, 2016, 05:43:32 AM

I am guessing bitcoin will fall further and touch $350 next months unless some miracles happen

Perhaps but no lower than $350 unless it's a flash crash. $500 and $450 will both be strong support levels on the way down. After the drop, everyone here can celebrate about the cheap prices but for now just be patient.

A flash crash. But what would be the root cause of this happening?

I just bought some a few hours ago just as reassurance.

outatime1

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I don't think $500 would be that big of a drop and I would not be surprised if it dropped that low. We are going to see fluctuations in price due to supply and demand and because of news or info about bitcoin.

greBit

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Quote from: newcoins1978 on August 17, 2016, 04:10:22 PM

Quote from: ttargett on August 17, 2016, 03:04:16 PM

Quote from: safari88 on August 17, 2016, 11:10:07 AM

My prediction would stbale above $500, it will not fall below $500, although it may. but I'm sure it really will not fall below $500.
the price will be increased slowly and increase to $600 end of the month of August or beginning of September.

i hope that you are right but anything is possible with the price at the moment so it also might fall

500 seems to be a logical secenario before the halving. Now 1 month after the halving i would say it would stabilize.
Hopefully in the area of 600-650, but it looks more in the 550-600 area

Its hard to see that bitcoin will cross $600 in next few weeks, may be it can even go below $550 in next couple of days, as people are much more interested in altcoin at a moment.

newcoins1978

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Quote from: ttargett on August 17, 2016, 03:04:16 PM

Quote from: safari88 on August 17, 2016, 11:10:07 AM

My prediction would stbale above $500, it will not fall below $500, although it may. but I'm sure it really will not fall below $500.
the price will be increased slowly and increase to $600 end of the month of August or beginning of September.

i hope that you are right but anything is possible with the price at the moment so it also might fall

500 seems to be a logical secenario before the halving. Now 1 month after the halving i would say it would stabilize.
Hopefully in the area of 600-650, but it looks more in the 550-600 area

ttargett

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Quote from: safari88 on August 17, 2016, 11:10:07 AM

My prediction would stbale above $500, it will not fall below $500, although it may. but I'm sure it really will not fall below $500.
the price will be increased slowly and increase to $600 end of the month of August or beginning of September.

i hope that you are right but anything is possible with the price at the moment so it also might fall

richardsNY

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Quote from: BitAurum on August 17, 2016, 05:17:08 AM

Is the bitcoin price crashing? $500 is a huge drop for bitcoin.

Will the bitcoin price go lower than $500?

It's funny how people say there was a huge drop while it was just normal market action. Just look at the charts. You'll see that the price has been moving in up and downwards direction for quite some time now. Possibility for the price to go below $500 is very low, but not impossible. If the current market sentiment changes into negative, then funny things can happen. Price going sub $500 also belongs in that category.

Osarman

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i think bitcoin no more will be going to down , because its going to higher and getting more popularity day by day and people are buying bitcoin in big amount they surely know that bitcoin going to stronger and more powerful .

BitAurum

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Quote from: ~Bitcoin~ on August 17, 2016, 01:44:24 PM

Quote from: BitAurum on August 17, 2016, 05:17:08 AM

Is the bitcoin price crashing? $500 is a huge drop for bitcoin.

Will the bitcoin price go lower than $500?

Price have already shown a good support at below 500$ price when bitfinex got hacked. But price get rebounded really quick to current price so i don't think price can go below 500$ in near future.

Isn't it possible if another exchange gets hacked? Bitfinex got hacked due to a mistake on their part and not a mistake in bitcoin.

eddyubachs

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Quote from: ~Bitcoin~ on August 17, 2016, 01:44:24 PM

Quote from: BitAurum on August 17, 2016, 05:17:08 AM

Is the bitcoin price crashing? $500 is a huge drop for bitcoin.

Will the bitcoin price go lower than $500?

Price have already shown a good support at below 500$ price when bitfinex got hacked. But price get rebounded really quick to current price so i don't think price can go below 500$ in near future.

Price was at $575 few hours back and now its $568 so price is going down slowly and I will not be surprised if it falls back and goes below to $550 level in next few days.

~Bitcoin~

legendary

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Quote from: BitAurum on August 17, 2016, 05:17:08 AM

Is the bitcoin price crashing? $500 is a huge drop for bitcoin.

Will the bitcoin price go lower than $500?

Price have already shown a good support at below 500$ price when bitfinex got hacked. But price get rebounded really quick to current price so i don't think price can go below 500$ in near future.

crairezx20

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Quote from: Fredomago on August 17, 2016, 11:32:37 AM

Quote from: calme on August 17, 2016, 11:20:30 AM

Quote from: Btcforall on August 17, 2016, 05:43:32 AM

I am guessing bitcoin will fall further and touch $350 next months unless some miracles happen

Perhaps but no lower than $350 unless it's a flash crash. $500 and $450 will both be strong support levels on the way down. After the drop, everyone here can celebrate about the cheap prices but for now just be patient.

it will be a good timing for us to buy more btc if the crash happen getting it for only 350$ would be a good start point for our investment i'm not worried about that because for sure before year end it will hit 800-1k for my personal opinion. good luck mate and keep monitoring the price.

I hope that the price will not hit that value but i believe that the price will not go down because many stores right now are accepting bitcoin and i think if they see the price is low they will buy a large amount of bitcoin..

Fredomago

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Quote from: calme on August 17, 2016, 11:20:30 AM

Quote from: Btcforall on August 17, 2016, 05:43:32 AM

I am guessing bitcoin will fall further and touch $350 next months unless some miracles happen

Perhaps but no lower than $350 unless it's a flash crash. $500 and $450 will both be strong support levels on the way down. After the drop, everyone here can celebrate about the cheap prices but for now just be patient.

it will be a good timing for us to buy more btc if the crash happen getting it for only 350$ would be a good start point for our investment i'm not worried about that because for sure before year end it will hit 800-1k for my personal opinion. good luck mate and keep monitoring the price.

calme

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Quote from: Btcforall on August 17, 2016, 05:43:32 AM

I am guessing bitcoin will fall further and touch $350 next months unless some miracles happen

Perhaps but no lower than $350 unless it's a flash crash. $500 and $450 will both be strong support levels on the way down. After the drop, everyone here can celebrate about the cheap prices but for now just be patient.

safari88

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My prediction would stbale above $500, it will not fall below $500, although it may. but I'm sure it really will not fall below $500.
the price will be increased slowly and increase to $600 end of the month of August or beginning of September.

mindrust

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There was a huge pressure on the prices till yesterday but it seems it is gone. As long as something unordinary happens (like an exchange hack) i think it won't go below 560$ there is a strong support at that price point.

BTCdoaA

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Quote from: randy8777 on August 17, 2016, 10:07:54 AM

no need to worry. the price goes up and down a few bucks, nothing special. and no, i can't see the price go below $500 as that would be completely unneeded and sad. it would mean the price is over-sold. so if it's happening, then don't wait a second, but start buying as many coins as possible. i will surely do so.

Yes 500$ is not possible price until the end of 2016 also we can expect a little increase in the coming two months up 600$ because the liquidity of bitcoin market will come to its end . boom will be in 2017+ up 1000$ .

randy8777

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no need to worry. the price goes up and down a few bucks, nothing special. and no, i can't see the price go below $500 as that would be completely unneeded and sad. it would mean the price is over-sold. so if it's happening, then don't wait a second, but start buying as many coins as possible. i will surely do so.

RodeoX

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The revolution will be monetized!

Hmm. I think that a careful analysis would conclude that not a person on Earth can answer your question with more than a guess. Welcome to bitcoin.

European Central Bank

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Why does any type of drop shock anyone any more?

A few months back that price would've been a dream.

Not a crazy amount has changed since then.

BitAurum

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Quote from: longbob72 on August 17, 2016, 05:41:52 AM

Quote from: BitAurum on August 17, 2016, 05:17:08 AM

Is the bitcoin price crashing? $500 is a huge drop for bitcoin.

No. Go find a price chart somewhere and look at it very carefully, there's a lot of small movement like this.
Where did you get the $500 from? We're far from there (you're talking like we're already there...).

So your saying that the price has fallen heavily because many small holders started to cash out their coins?

Topic: Bitcoin down to 500? - page 6. (Read 5728 times)