Bitcoin faces more decreases | Bitcointalksearch.org

STT

legendary

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Volume spikes on turning points apparently, just this day by day trading its drifting I think and its harder to tell true direction.

Here is a reasonable trend over daily bars and I think we can say its likely positive friday to monday open up until it meets the 50 day average and then it has to fight some battles around there to prove properly.

So far its moved in quite a regular way, no surprises really.

Mertalot

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Unfortunately, the volumes are decreasing, too. People are less interested in trading now. But I hope it's just because everyone holds Grin

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

Indeed because yesterday bitcoin falls into another deep of $9k level a lowest for this quarter I guess but again got recovered and now stays in $10k level

Quote from: ghermghuda on August 22, 2019, 06:03:23 PM

Personally i think even if we don't make it to the $20K break up, we are still going to hover around the tens of thousands. Bitcoin has been evolving with prices and now I believe we're staying in the tens of thousands for good.

Lol 10s of thousands is what we seat now so that’s why some are expecting hovering more than 20$k again but ofcourse this is some hurting if we fail that’s why better not to expect more again.never forget what happens after 2017 hype when many people expect higher in 2018 but they fail

bitbunnny

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For people who are not involved with Bitcoin long time this is maybe new or surprising but Bitcoin is volatile and price is not only rising.
Corrections in price are quite often and depend on various factors on the market and outside. This is something you should always count on, especialy when investing and planing your funds. To my opinion price will not cross 15000$ for a longer period of time.

michellee

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Quote from: Oceat on August 22, 2019, 04:25:29 PM

Quote from: michellee on August 22, 2019, 05:29:15 AM

Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

Yes, the price is down, but we will see bitcoin will be back to the higher rate. But until that time comes, we need to be patient and hold if you don't want to sell at a low price. At this moment, I think we can have another good time to buy more bitcoin while the price is at below than $10k because once the price increase, we don't know if this price will be the last low price that we will see. Maybe we will not see this price again in the future, so you know what you should do now.

$10,000+ is still high enough versus the price of it 2 months ago. Don't stress yourself too much because what really happens in the market is just the normal cycle of ups and downs. Volatility changes as people keep on trading but i believe that it is only the whales who could manipulate the market if they want to.

shoreno

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Quote from: fourpiece on August 22, 2019, 11:01:46 PM

most of the people once they a see a price decrease in bitcoin they will start to think that it might go even lower which may lead to panic sell and dump.

its not what you call a panic sell if they are selling in advance just before the dump happens . its also normal for us people to think negative once we see a price decline but not all are going to sell early .

Quote

Re: Bitcoin faces more decreases

not true . based on my analysis btc this year is now doing fine . the decrease are only minor when compare to last year but the best part is that the decrease dont last longer anymore .

Slow death

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Quote from: EdenHazard on August 22, 2019, 06:21:34 PM

Quote from: Lanatsa on August 22, 2019, 04:34:23 PM

Quote from: RealMalatesta on August 22, 2019, 10:29:57 AM

It is not enough that we are above 10k with a healthy movement allowed, we need to be so much higher than 10k that it should look like its impossible to go below anymore to make sure we are at a good place right now, for example if the price stays here it is always possible that we can hit back under 10 thousand dollars.

However, if it goes to 15+ then we can say its still possible but it becomes more improbable, it has dropped from 20 thousand to 3 thousand before so nothing is impossible but at the very least we can say day to day trades won't drop it under 10, when we went from 20 to 3 it wasn't in a day hence we need to make a room for not a day level, which is around 15, even over 13 would be fine as long as we break the high parts of it. That would make us all more comfortable.

I wont be surprised if we do stay up with these levels which is playing between sub (>< 10k price).Entire market had recovered from 3k to 10k does take years.

So I don't expect too much for us to move so quickly on breaking out those resistances just to hurry up to break its previous ATH and also there no need to hurry to see
sharp spike yet I do prefer on seeing gradual increase but it would gonna be a bumpy road.

Here is the problem in a free market like cryptocurrency, the movement is so wild ..

you never know it could plung to the lowest like -300% or having the bull run unstoppable due the decentralized nature. But people only expect for the bull run and forget that there might a correction causing the price a bit down , or how people could lost interest at crypto anytime at some point which could make things didn't went well as most people expected. You guys need to anticipate something like this more often rather than daydreaming to have another ATH over and over again , it would make the market looks more healthy for you.

The number of bitcoin is limited, the number of people that exist in this world is very large and the number of people who do not have and do not know about bitcoin is very large. So it is enough that have too much demand for the price to increase significantly, it is not an illusion to dream of price higher than the old ATH.

Quote from: pealr12 on August 22, 2019, 05:53:19 PM

Quote from: chanler on August 14, 2019, 06:57:27 PM

We are so surprised that experiencing the next bear market of the BItcoin and all altcoins. Today, BTC faces around -7.13% and drops to $10,114.40 only. And moreover, the ETH, it will decrease likely some months ago, under $200 again.
Does it mean that crypto hype is over? Crypto world is really decreasing and then the price of all coins will be decreasing again and again to the bottom?

Crypto hype is only starting , crypto will be our future. Decrease in price is a common thing but once the hype continues it will break barriers, btc might start another bull run.

The altcoins are dying (see this: Bitcoin Dominance is Actually Above 90%, New Research Suggests), they are not having much use in the real world and as bitcoin has a lot of good news for the next few months, people are selling their altcoins to buy bitcoin. But I believe that after bitcoin halving, all altcoins will recover in price.

Quote from: ghermghuda on August 22, 2019, 06:03:23 PM

Personally i think even if we don't make it to the $20K break up, we are still going to hover around the tens of thousands. Bitcoin has been evolving with prices and now I believe we're staying in the tens of thousands for good.

I agree

fourpiece

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Quote from: dark08 on August 22, 2019, 06:26:43 PM

Quote from: pealr12 on August 22, 2019, 05:53:19 PM

Quote from: chanler on August 14, 2019, 06:57:27 PM

We are so surprised that experiencing the next bear market of the BItcoin and all altcoins. Today, BTC faces around -7.13% and drops to $10,114.40 only. And moreover, the ETH, it will decrease likely some months ago, under $200 again.
Does it mean that crypto hype is over? Crypto world is really decreasing and then the price of all coins will be decreasing again and again to the bottom?

Crypto hype is only starting , crypto will be our future. Decrease in price is a common thing but once the hype continues it will break barriers, btc might start another bull run.

People are roo scared for a small dump of bitcoin this is normal to have a increase and decrease to the price if you are true believer or long term holder this small dump will not affect your emotion beside cryptocurrency are now starting to use for some country meaning the popularity of cryptocurrency are being boost all over the world.

agree with you on that most of the people once they a see a price decrease in bitcoin they will start to think that it might go even lower which may lead to panic sell and dump. They dont deserve the price for believing on bitcoin once the bull run will come.

dark08

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Quote from: pealr12 on August 22, 2019, 05:53:19 PM

Quote from: chanler on August 14, 2019, 06:57:27 PM

We are so surprised that experiencing the next bear market of the BItcoin and all altcoins. Today, BTC faces around -7.13% and drops to $10,114.40 only. And moreover, the ETH, it will decrease likely some months ago, under $200 again.
Does it mean that crypto hype is over? Crypto world is really decreasing and then the price of all coins will be decreasing again and again to the bottom?

Crypto hype is only starting , crypto will be our future. Decrease in price is a common thing but once the hype continues it will break barriers, btc might start another bull run.

People are roo scared for a small dump of bitcoin this is normal to have a increase and decrease to the price if you are true believer or long term holder this small dump will not affect your emotion beside cryptocurrency are now starting to use for some country meaning the popularity of cryptocurrency are being boost all over the world.

EdenHazard

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Quote from: Lanatsa on August 22, 2019, 04:34:23 PM

Quote from: RealMalatesta on August 22, 2019, 10:29:57 AM

It is not enough that we are above 10k with a healthy movement allowed, we need to be so much higher than 10k that it should look like its impossible to go below anymore to make sure we are at a good place right now, for example if the price stays here it is always possible that we can hit back under 10 thousand dollars.

However, if it goes to 15+ then we can say its still possible but it becomes more improbable, it has dropped from 20 thousand to 3 thousand before so nothing is impossible but at the very least we can say day to day trades won't drop it under 10, when we went from 20 to 3 it wasn't in a day hence we need to make a room for not a day level, which is around 15, even over 13 would be fine as long as we break the high parts of it. That would make us all more comfortable.

I wont be surprised if we do stay up with these levels which is playing between sub (>< 10k price).Entire market had recovered from 3k to 10k does take years.

So I don't expect too much for us to move so quickly on breaking out those resistances just to hurry up to break its previous ATH and also there no need to hurry to see
sharp spike yet I do prefer on seeing gradual increase but it would gonna be a bumpy road.

Here is the problem in a free market like cryptocurrency, the movement is so wild ..

you never know it could plung to the lowest like -300% or having the bull run unstoppable due the decentralized nature. But people only expect for the bull run and forget that there might a correction causing the price a bit down , or how people could lost interest at crypto anytime at some point which could make things didn't went well as most people expected. You guys need to anticipate something like this more often rather than daydreaming to have another ATH over and over again , it would make the market looks more healthy for you.

ghermghuda

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Personally i think even if we don't make it to the $20K break up, we are still going to hover around the tens of thousands. Bitcoin has been evolving with prices and now I believe we're staying in the tens of thousands for good.

pealr12

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Quote from: chanler on August 14, 2019, 06:57:27 PM

We are so surprised that experiencing the next bear market of the BItcoin and all altcoins. Today, BTC faces around -7.13% and drops to $10,114.40 only. And moreover, the ETH, it will decrease likely some months ago, under $200 again.
Does it mean that crypto hype is over? Crypto world is really decreasing and then the price of all coins will be decreasing again and again to the bottom?

Crypto hype is only starting , crypto will be our future. Decrease in price is a common thing but once the hype continues it will break barriers, btc might start another bull run.

Kasabus

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Quote from: Lanatsa on August 22, 2019, 04:34:23 PM

Quote from: RealMalatesta on August 22, 2019, 10:29:57 AM

Snip...

I wont be surprised if we do stay up with these levels which is playing between sub (>< 10k price).Entire market had recovered from 3k to 10k does take years.

So I don't expect too much for us to move so quickly on breaking out those resistances just to hurry up to break its previous ATH and also there no need to hurry to see
sharp spike yet I do prefer on seeing gradual increase but it would gonna be a bumpy road.

Prices going up and down like a roller coaster. Looking at how it did last 2017 bull run is very great but the question is when we could see the market like that? Or the market still has the capability to soar high? Bitcoin still on the quest and everyone's not sure of making it again since the demand isn't that high compared before.
Its gonna be a big surprise for us if Bitcoin will hit at $20k this year.

Lanatsa

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Quote from: RealMalatesta on August 22, 2019, 10:29:57 AM

It is not enough that we are above 10k with a healthy movement allowed, we need to be so much higher than 10k that it should look like its impossible to go below anymore to make sure we are at a good place right now, for example if the price stays here it is always possible that we can hit back under 10 thousand dollars.

However, if it goes to 15+ then we can say its still possible but it becomes more improbable, it has dropped from 20 thousand to 3 thousand before so nothing is impossible but at the very least we can say day to day trades won't drop it under 10, when we went from 20 to 3 it wasn't in a day hence we need to make a room for not a day level, which is around 15, even over 13 would be fine as long as we break the high parts of it. That would make us all more comfortable.

I wont be surprised if we do stay up with these levels which is playing between sub (>< 10k price).Entire market had recovered from 3k to 10k does take years.

So I don't expect too much for us to move so quickly on breaking out those resistances just to hurry up to break its previous ATH and also there no need to hurry to see
sharp spike yet I do prefer on seeing gradual increase but it would gonna be a bumpy road.

Oceat

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Quote from: michellee on August 22, 2019, 05:29:15 AM

Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

Yes, the price is down, but we will see bitcoin will be back to the higher rate. But until that time comes, we need to be patient and hold if you don't want to sell at a low price. At this moment, I think we can have another good time to buy more bitcoin while the price is at below than $10k because once the price increase, we don't know if this price will be the last low price that we will see. Maybe we will not see this price again in the future, so you know what you should do now.

$10,000+ is still high enough versus the price of it 2 months ago. Don't stress yourself too much because what really happens in the market is just the normal cycle of ups and downs. Volatility changes as people keep on trading but i believe that it is only the whales who could manipulate the market if they want to.

Theb

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The price correction we are having is more technical in nature rather than any news involve with it for the reason why it is falling down. I may not have seen it in the last few days but BTC as of right now is on a falling wedge pattern which is bullish in nature, just by looking at the chart with no experience on trading whatsoever you might just think that Bitcoin is just having a free fall way back below 4,000$ again but the falling wedge pattern signifies that this is just a weak profit taking and we might see a reversal as early as BTC hit 9,700$ at worst. Volume isn't that abnormal as well as it is gradually decreasing as the price is decreasing as well meaning that there is less and less sellers offloading their position.

Ararbermas

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

for me in my own opinion. Yes it will experience a drastic decline on this year but it will bouncing back again for sure like what always happened. So it's still necessarily to hold and not time to lose hope because indeed it will not die as long there are more big investors keep contributing on it. Check the history of bitcoin if i were you to see what always happen after the red wave . Because worrying on this circumstance cant help mate so think positive make technical analysis.

RealMalatesta

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It is not enough that we are above 10k with a healthy movement allowed, we need to be so much higher than 10k that it should look like its impossible to go below anymore to make sure we are at a good place right now, for example if the price stays here it is always possible that we can hit back under 10 thousand dollars.

However, if it goes to 15+ then we can say its still possible but it becomes more improbable, it has dropped from 20 thousand to 3 thousand before so nothing is impossible but at the very least we can say day to day trades won't drop it under 10, when we went from 20 to 3 it wasn't in a day hence we need to make a room for not a day level, which is around 15, even over 13 would be fine as long as we break the high parts of it. That would make us all more comfortable.

BrewMaster

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Quote from: SirLancelot on August 22, 2019, 02:16:58 AM

Quote from: maxreish on August 20, 2019, 11:40:42 PM

Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

How can you sure about the price? Do you have basis? The price of bitcoin is currently steady at $10k. We can see it is slowly gaining strength since it broke the resistance at $10500, there is a sign of bullish trends in the coming days or weeks but it doesn't mean we will not experience some bearish times.

Does anyone have basis for speculation? Technical analysis does not even work here for them to claim they are making their statement based on analysis, they just make some exaggeration and then spill it out to the public as they resin it within them which we should be careful the way we speculate because whatever we say to the world is what some people hold on to.

There is need to fully understand that this is not Forex trading where they have very little volatility that gives them the room to be able to predict using TA, in crypto,the volatility is just too much that we might think this is how it will happen and then someone influential could just wake up the next day to influence the market and then change the whole game entirely, so speculating blindly is not really working or worth it.

technical analysis works if you know how to do it and are not just making things up. but how much it works is never going to be 100% not in bitcoin and not in any other markets. the only reason why people say it doesn't work in bitcoin is either the fact that they have never seen any proper analysis or because they stick to very short term and try to predict the unpredictable movements. otherwise it is a helpful tool to have in hand.

peter0425

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

Give no attention to the prices these days specially if you are not into day trading because it will only brings you pain.this mindset will save you from being paranoid about your folios value ,
Remember that bitcoin proves to be dominant above all the currency and also proves that this can reached more Than what we expected so keep the faith and never lose hope,trust me this is just temporary and besides buy more when the price drops again

michellee

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

Yes, the price is down, but we will see bitcoin will be back to the higher rate. But until that time comes, we need to be patient and hold if you don't want to sell at a low price. At this moment, I think we can have another good time to buy more bitcoin while the price is at below than $10k because once the price increase, we don't know if this price will be the last low price that we will see. Maybe we will not see this price again in the future, so you know what you should do now.

SirLancelot

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Quote from: maxreish on August 20, 2019, 11:40:42 PM

Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

How can you sure about the price? Do you have basis? The price of bitcoin is currently steady at $10k. We can see it is slowly gaining strength since it broke the resistance at $10500, there is a sign of bullish trends in the coming days or weeks but it doesn't mean we will not experience some bearish times.

Does anyone have basis for speculation? Technical analysis does not even work here for them to claim they are making their statement based on analysis, they just make some exaggeration and then spill it out to the public as they resin it within them which we should be careful the way we speculate because whatever we say to the world is what some people hold on to.

There is need to fully understand that this is not Forex trading where they have very little volatility that gives them the room to be able to predict using TA, in crypto,the volatility is just too much that we might think this is how it will happen and then someone influential could just wake up the next day to influence the market and then change the whole game entirely, so speculating blindly is not really working or worth it.

iMark

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Quote from: Hamphser on August 20, 2019, 06:12:44 PM

Quote from: sarmrakib on August 18, 2019, 11:10:03 AM

Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

It was not a huge dropped and already has started to recover now the price is almost 10500$.I think the 20k$ mark is really possible to touch .If this trend continue the momentum its really possible to touch 20K$ mark.

It's been bouncing for a week but surprisingly the price just acting positively this week staying at a very stable price of $10,600 to $10,800.

I won't just expect the $20k mark to happen since i was just focusing the current price right now, but we will still be able to see that $20k price in no time. Let's just enjoy this little bullish price of bitcoin since it is starting to break the $11k again.

don't be too tense with the current price movement, I could say the current price isn't too bad. just watch the moves, the price is stable and it's a profit for you to trade more safer. getting towards the end of the year I think prices will go up because of news about halving

maxreish

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

How can you sure about the price? Do you have basis? The price of bitcoin is currently steady at $10k. We can see it is slowly gaining strength since it broke the resistance at $10500, there is a sign of bullish trends in the coming days or weeks but it doesn't mean we will not experience some bearish times.

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Quote from: sarmrakib on August 18, 2019, 11:10:03 AM

Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

It was not a huge dropped and already has started to recover now the price is almost 10500$.I think the 20k$ mark is really possible to touch .If this trend continue the momentum its really possible to touch 20K$ mark.

It's been bouncing for a week but surprisingly the price just acting positively this week staying at a very stable price of $10,600 to $10,800.

I won't just expect the $20k mark to happen since i was just focusing the current price right now, but we will still be able to see that $20k price in no time. Let's just enjoy this little bullish price of bitcoin since it is starting to break the $11k again.

1Referee

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Quote from: STT on August 20, 2019, 05:32:57 PM

I have to classify it as acting positively within this period of time and until it breaks the MA again.

I do expect a bullish continuation at least until the price meets the descending resistance. From there things will start to get very interesting; people probably already count their profits by going short near that descending resistance as they expect another rejection. It wouldn't surprise me if we break out and at least move towards $12,000 which will rekkt a lot of shorters.

When certain patterns become too easy to trade where even your neighbour starts talking about it, they usually break out against the outcome people are betting on.

STT

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Its acting very positvely as of the last week I think. Its surprised me though I shouldnt say that as its been bouncing around this box with 9000 area as the base for a while.

Regular series of higher lows on 4hr bars

Keeping a previous fib line as a low and also closing above the 8 day and 30 day moving averages. I have to classify it as acting positively within this period of time and until it breaks the MA again.

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

It was not a huge dropped and already has started to recover now the price is almost 10500$.I think the 20k$ mark is really possible to touch .If this trend continue the momentum its really possible to touch 20K$ mark.

LogitechMouse

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Today, it maintained its price above 10,000 which is I think good but trading right now is risky since it can go below 10,000 anytime. The news regarding Bakkt remained its price at 5 digits. Well, whatever happens to it is ok for me. If goes down then will buy more and will sell it in my target price Cheesy

.

jostorres

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Quote from: jaocoincrypto18 on August 17, 2019, 04:21:19 AM

Hopefully that this might be a just a normal fluctuation and price correction because if the price falls was due to many people are leaving crypto investments then i'm afraid that will never have a true bullish market in which we have been waiting for it for a very long time.

What we have now in the market are more of holders, and we should expect them to leave at any time, depending on the goal they set for their investment in bitcoin, some could decide to wait for so long while some will decide to take a leave now, and we cannot ask them not to leave, what we just need are people right now that will make the bitcoin demand to increase and that responsibility rest on the shoulder of merchants.

Demand and supply as we know is what controls the market, if we had lots of factors that had been set up to always create demands, then we might not have been waiting for bull run because every day would have been our bull run, as people uses bitcoin to make payment to merchants accepting them, demand will be increasing, why supply decreasing and this will increase the price of bitcoin always.

buwaytress

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Aaaand we're back above 10k again. Weekend trend still holding true for the most parts and hopefully for the rest of the year, so that's always good news for guys like me, we get our invoices paid at the end of the week and do our mini sells on Sunday so money enters bank account Monday or Tuesday.

Now waiting for them profiteering scalpers to resume breaking support and maybe another 9k this week?

MFahad

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Quote from: imstillthebest on August 17, 2019, 05:14:10 AM

Quote from: jaocoincrypto18 on August 17, 2019, 04:21:19 AM

Hopefully that this might be a just a normal fluctuation and price correction because if the price falls was due to many people are leaving crypto investments then i'm afraid that will never have a true bullish market in which we have been waiting for it for a very long time.

are you aware about the longest dump that happened last year ? but look at btc now , btc is still alive and growing , that only means that people arent leaving btc permanently but there are some that selling because they are afraid if what if btc wont return to normal .

now back on this year , btc is now normal so the fluctuations that we experience these days is also not evasive at all . there is a bull that happened few months ago , not sure if you miss it but you can wait for another one because there will still be new bulls that will happen on the late game .

Yes, the bitcoin is above 10K and if we compare it with January 2019, it has increased almost 3x. But look the altcoins prices and they are more than all time low. Sad

Most of us have portfolio in altcoins and we all are in big loses. Wouldn't be good if both altcoins and bitcoins move upwards at the same time ?

sana54210

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I guess looking at the last 24 hours its up about 3%-5% already, which is clearly indicating that small movements like 5% down or up doesn't mean anything in crypto, it happens all the time and we shouldn't care about it, however the volatility got smaller and smaller recently and the movements are smaller and smaller so that has to mean something. I don't know what it means and I don't know what we can do about it to change it but right now that is the reality.

Let's see if bitcoin will have a bigger than %10-15 first to make topics about it and have discussions, these are too small to care, if you have been in crypto long enough you know that this happens all the time and doesn't really mean anything in what direction price is going, its not an indication of price movement, it is just showing how traders are still trading, that's it.

imstillthebest

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Quote from: jaocoincrypto18 on August 17, 2019, 04:21:19 AM

Hopefully that this might be a just a normal fluctuation and price correction because if the price falls was due to many people are leaving crypto investments then i'm afraid that will never have a true bullish market in which we have been waiting for it for a very long time.

are you aware about the longest dump that happened last year ? but look at btc now , btc is still alive and growing , that only means that people arent leaving btc permanently but there are some that selling because they are afraid if what if btc wont return to normal .

now back on this year , btc is now normal so the fluctuations that we experience these days is also not evasive at all . there is a bull that happened few months ago , not sure if you miss it but you can wait for another one because there will still be new bulls that will happen on the late game .

jaocoincrypto18

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Hopefully that this might be a just a normal fluctuation and price correction because if the price falls was due to many people are leaving crypto investments then i'm afraid that will never have a true bullish market in which we have been waiting for it for a very long time.

ethereumhunter

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Quote from: ?? on ??

don't we already know how the crypto market moves if there is an increase there will definitely be a correction this is a natural thing so don't overdo it.
We don't know what will happen to this market because everything can happen instantly, even when you are sleeping.

Not sure about that because the crypto market can move to anywhere and we cannot predict with the right. Bitcoin now faces the decreases, but I am sure that it will end soon and bitcoin will start to reach the higher price again. We could only prepare for anything even if the worst thing comes after this so we can prevent the losses that might happen. It seems, the market now moves slowly, and the price is not increasing too fast, but the sign of bitcoin price to increase appears so we could hope that in the next week, there is something that will happen in the market.

jostorres

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This is basically nothing, I mean we have seen falls from 20 thousand dollar levels to all the way down to 3 thousand dollar levels and you are afraid of couple of hundred dollars fall? It is basically nature of bitcoin to go up and down that much every single day, even during the biggest fall we had increases over 200 dollars and it didn't stop the fall, I remember clearly last summer we moved to close to 6 thousand dollars and went beyond 8 thousand dollars, it didn't stop it falling to 3 thousand dollars couple months later.

Hence, just because it fell a bit doesn't mean it will fall even more (it also doesn't mean it will go up, it means basically nothing). Calm down and let the market do its thing, if you keep worrying about price all the time you can't live long in crypto world.

Distinctin

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No dream is too big and no dreamer is too small

Quote from: Yamifoud on August 16, 2019, 05:50:48 PM

That declining scheme of bitcoin isn't a wary thing to cause for a huge loss but a time given for investors to buy more.
If we are an investor, we could be happy that it turns like that and have this opportunity. With all that ups and downs, uncertainty might be pulling us down and might catch us into FOMO.

If investors think the way you advise them to do, we would have a great market, thing is, not everyone of them believes and does not easily panic, some of them panic when there is a pump and dump, that's why market is very volatile because of these people and whales can abuse them since they easily react not knowing that bitcoin have face a lot of decrease in the past and even other people think it's a dead coin but that dead coin were able to rise and have a bull to create a new ATH.

They should also look at the past performance and not just easily react on the short term movement, BTC won't be this progressive if it not a strong asset.

JohnBitCo

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

Bitcoin may be down again temporary due to CME futures gap but we all know that bitcoin halving is going to happen next year. They hype of this event can again bring a major pump in the bitcoin prices.

Yamifoud

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That declining scheme of bitcoin isn't a wary thing to cause for a huge loss but a time given for investors to buy more.
If we are an investor, we could be happy that it turns like that and have this opportunity. With all that ups and downs, uncertainty might be pulling us down and might catch us into FOMO.

Lanatsa

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

Whats make it not realistic? Its never been realistic neither which way you do see either a bull run or bearish ones.Market is always been unpredictable and I don't see for it to be

tagged up by any analyst forecast on possible drop since they aren't correlated at all.People are way hoping too much more reaching ATH on this years which isn't still possible to be that fast yet we would still need to face a hell of a bumpy road before reaching that point.

veleten

legendary

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bitcoin and cryptocurrencies market in general prove once again that they are unpredictable
several hours ago the price went down from to 11.400$ to 9.400$
and almost al of the "analysts" started crying bear market , quoting various reasons
once the price went below 10.000$ sources reported that Coinbase bitcoin holders started to buy in bulk
driving the price back over 10.000$ mark , it sits at 10.500$ at the moment of the post
proves once again , that the situation on the market changes so fast that it is almost impossible to predict and all of the predictions are only working 50% of the time - they either work or they don't Grin

LimLims

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1xbit.com

Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

The price is fluctuating now due to the fluctuation in the trading volume.
People are really now a days involved in buying the coin.
So it's not too far to see Bitcoin again at 20k usd.
Many have predicted that BTC will reach 20k usd by the end of this year.
Nevertheless lets wait and hope for th best.

radjie

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

if this continues, it is likely to reach $ 20,000 until the end of this year will not be achieved. price correction continues even tends to decrease more often than experiencing a sharp increase

RealMalatesta

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Taking you back to memory lane a little bit, remember that you never really see bitcoin reaching this height it has reached now just within 3 months, and now we still have like 4 months more, anything could happen that will turn things up, so I would not completely agree with you that bitcoin reaching $20k this week will not be realistic.

There are some developments that are bound to really manifest by the last quarter of this year, and this could have some effect on the price of bitcoin since majority of investor would always make bitcoin their first choice of interested irrespective of the project that invited them to the market, but if bitcoin does not reach that price this year, the value it is presently on which I do not think it will go lower than is still much okay.

STT

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Quote from: adaseb on August 15, 2019, 01:16:10 AM

The $10K which we assumed would be decent support basically broke like butter

10k itself isnt support, its the areas around it above and below that are like gates open or closed. RIght now I think we are open to move through this area more easily.

Just 5 minute bars but I think its struggling to recover above the basic low first seen after the 13k sold off, $10,300 If we cant bounce this much the market is more likely to go lower before it really turns properly and is more bullish. So more work to do, more time before its positive.

dark08

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

This is a correction of a massive pump for bitcoin the bad thing that I see in this dump most altcoin are suffer and continue to dump.
Most of us want to see another alt season but in this bullish run altcoin are dying.
Let's just see if altcoin will back to normal but right now I'm expecting a pump up again for bitcoin.

South Park

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Quote from: Reid on August 14, 2019, 02:29:42 PM

Why look for a larger increase. We already went up for a high increase in value already.
For some it is already Christmas but I think some are just too greedy and want some more.

I would rather stay with this price for now and until the end of the year. The sudden increase is too questionable and it might cause the bitcoin technology to be banned to other countries which could worsen the value of bitcoin with low usage and investors.

I agree, I understand the natural desire to want to get more profits that every investor has, but except for those that bought during December of 2017 everyone else should be in profits already, trying to push the market even more will only create an artificial pump in the price that will most likely make the price crash in the future, besides we need to prepare since in my opinion the growth that we saw during the previous months is nothing compared to the potential growth that we could see in 2020 or 2021.

davinchi

legendary

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I think ever since that big drop there is a lot of people who are afraid price will see a bear year and they will never see their profits hence whenever there is a fall there are people who get panic and sell all of their coins to avoid same thing happening to them.

However, what they are missing is that price didn't skyrcoketed here, it has been here for months now and that means there is a settlement here where people are fine with this number and not trying to cash out their profits, that is the difference.

Of course, they are still free to do whatever because when they do sell that means we are getting rid of the weak hands and gathering more and more investors who are long on bitcoin and doesn't care about the price now. I hope more stuff like this will happen soon because I really want to see all these runners to go away and all big corporations get into it.

Slow death

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Leading Crypto Sports Betting & Casino Platform

Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

This is the source of the news:

Bitcoin Price Bounces Back to $10K on Fresh Bullish Sentiment

When the price drops so much these analysts always come in to make pessimistic forecasts, but whenever they make optimistic forecasts, they never get it right. I'll follow up to see if they will get it right

Quote from: adaseb on August 15, 2019, 01:16:10 AM

Some alts are down 10% relative to BTC and BTC is down itself also 10% so its getting pretty bad.

Altcoins are dying

btc78

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

We had recovered to above 10k$ again from suffering a bad day yesterday,I think we will not going any dip than this as market has a strong hold to below or above $10,000
And this is a normal trend to dump atleast up to 10% but not to go more than that

Quote from: eidoscore on August 14, 2019, 04:22:02 PM

bitcoin still prepare and make correction in market before going to the moon, now we are in the middle of year, like data based on previous chart from few year ago, we can see the same condition and you know what happen later, just prepare yourself for bitcoin wave

It’s too early to predict the wave because we’re still in the midst,I think we will continue having like this for atleast until 4rth quarter before mooning in atleast November or December

1Referee

legendary

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Quote from: adaseb on August 15, 2019, 01:16:10 AM

I am assuming this is due to that Chinese Ponzi where they were sending funds to various exchanges and selling their Bitcoins and Ethereum. Reminds me of the BitConnect event which is what caused BTC to peak at $20K and go down to $3K a year later. Hopefully this won't be the same situation this time.

Nah. People always try to connect dots but that's just how they are. It helps whales unload a portion their bags to take off some risk without being called manipulators, because now people have pointed their attention to this ponzi scheme and blame them for the decline in the price.

XRP is actually quite an interesting coin to follow when it comes to measuring the sentiment within the crypto market. It has been slaughtered before Bitcoin and Ethereum hit their daily lows, and that while XRP is usually not as volatile as other cryptos in both the up and down directions.

Poor altcoiners. They believed that when Bitcoin would take another hit the altcoin season would start, but it seems that smart money isn't sharing the same opinion.

Distinctin

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No dream is too big and no dreamer is too small

Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

There is a drop, that's pretty evident, in fact, BTC dropped to below $10,000 today, and still trading at $9900 as of this writing, however I don't think this would affect the possibility for bitcoin to reach $20,000 before the end of this year.

There's still a lot of time, BTC can pump 100% in a week, and the fact that BTC has stayed $10K as it's average price, there's no doubt that 100% possibility will help BTC to achieved it's new ATH.

Just wait for the big bull run, and let the FOMO take charge of everything.

pieppiep

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Yes, the price now has decrease than yesterday but I hope that the price will not go down below than $10k. Many people still waiting a good time to buy more bitcoin, especially for people who have much money, they won't let this opportunity go without buying bitcoin. We need to be careful to decide because bitcoin price still up and down and we don't have the right information about that except by watching on the market and make our prediction base on the market. But I am sure that this is not going to stay for a long time because bitcoin still trying to increase and still waiting the good time to lift the price so maybe we need to wait until the next week.

adaseb

legendary

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Yes the selling is still advancing and everything across the board is in the deep red. Some alts are down 10% relative to BTC and BTC is down itself also 10% so its getting pretty bad.

The $10K which we assumed would be decent support basically broke like butter and the sell-off went further. I am assuming this is due to that Chinese Ponzi where they were sending funds to various exchanges and selling their Bitcoins and Ethereum. Reminds me of the BitConnect event which is what caused BTC to peak at $20K and go down to $3K a year later. Hopefully this won't be the same situation this time.

ardentvolcanoes

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The direction is really unclear since there's different types of investors and traders around this industry, we do need to stand with our position and let the process continue, if you are working with short term trades, then this market is not easy for you, chances to see more fall still possible but if you are working / investing for longer terms then this fall will be your accumulation period to hold more and wait after.

leowonderful

legendary

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Bitcoin FTW!

Absolutely unprecedented selling at the moment with RSI exceptionally low on the 4H (14 consecutive red candles on the 4H on Bitmex, one barely green candle interrupts on GDAX), and Stoch RSI glued to 0 for the last several hours as well. Definitely a lot of people panic selling at the moment, and it seems we've been blowing past supports recently as well. Wouldn't advise doing anything for the time being at all until the dust settles, because many indicators are pointing to being severely oversold on many timeframes but we just keep grinding down.

Jating

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Quote from: glendall on August 14, 2019, 07:15:35 PM

for this time I can't predict how much BTC goes down and goes up at the end of the year,
Today's decline is beyond my prediction, BTC should be going to 12,000 USD, but it's going down very deeply today,
but in the science of bounce ball, the deeper the fall, the higher the rise, hopefully.

Way below $12k now and even $10k, it just hit $9600 and I'm sure a lot of noobs are panicking right now seeing the price just continue to plummet. Everyone thinks that after $12k the price will continue, it doesn't work that way though. Bitcoin price is very unstable and the main driver (supply and demand) will shift gear without any notice.

The big bull run is not going to happen this year (in my opinion), we need some trigger, and that catalyst would be the block halving in 2020.

veleten

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people incline to fixate on round figures like 20.000 , 30% etc. etc. , it is the trend that matters , not if we break a certain figure this year
20.000 was never a target and we should be happy to reach 13.000$ high this year
just look at the falling markets everywhere , while it could be beneficial for bitcoin since capital flows out of your regular safe investment havens that there are none nowadays
and come to the risky assets such as cryptocurrencies , this signals that the world is on a brink of one of the worst crisis since 2008
I won't be surprised if we wake up , in a week to 7.000-8.000 price , but I expect it to stay somewhere between 9.200 and 10.500
and once again , disclaimer: you never know with bitcoin , how many pro traders you know with consistently correct price predictions?
yup , none

BrewMaster

legendary

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There is trouble abrewing

it is funny that people were saying the exact same thing when price was in the range very similar to these days but between $3.5k and $4.1k. they kept calling it "decrease" and just like OP claimed price is going to fall more and never see 5 digits this year again...

when will people learn that these are just accumulation phases with some sideways action before the big rise comes.

glendall

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for this time I can't predict how much BTC goes down and goes up at the end of the year,
Today's decline is beyond my prediction, BTC should be going to 12,000 USD, but it's going down very deeply today,
but in the science of bounce ball, the deeper the fall, the higher the rise, hopefully.

chanler

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mulierum.com

We are so surprised that experiencing the next bear market of the BItcoin and all altcoins. Today, BTC faces around -7.13% and drops to $10,114.40 only. And moreover, the ETH, it will decrease likely some months ago, under $200 again.
Does it mean that crypto hype is over? Crypto world is really decreasing and then the price of all coins will be decreasing again and again to the bottom?

fadhilz123

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casinosblockchain.io

Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

Who say bitcoin price will $20,000 at the year end. I think $20,000 still too high. No one can predict bitcoin price end of year but $15000 this is rational i think. But for holder and invertor like me, I'm not worried about bitcoin price because im sure for future growth

hahay

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Leading Crypto Sports Betting & Casino Platform

Yes, the 20k value is no longer possible to be achieved at the end of the year due to repeated major corrections in the third quarter which made the improvement not so good as the previous quarter. So with the big correction right now it looks like we will only be more patient and keep waiting and maybe in the next year there will be a more positive change in the cryptocurrency market.

furball64

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

Bitcoin currently has no prospects for an early growth of up to $ 20,000. They speculate at its price and do not allow it to grow freely. I hope the price of bitcoin will rise this year thanks to the positive news regarding cryptocurrencies in China.

eidoscore

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bitcoin still prepare and make correction in market before going to the moon, now we are in the middle of year, like data based on previous chart from few year ago, we can see the same condition and you know what happen later, just prepare yourself for bitcoin wave

adzino

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This is how the market actually works. Who said the price always will have to rise? The ups and downs are normal in crypto market. The predictions can never be accurate. So just following those predictions blinding would be a stupid thing to do and you will end up regretting. We can't expect the price to keep on rising. Corrections and price dip are needed to form a healthy market. I like the price as it is now. If you compare it with this years data, you will actually see that the price went up significantly. $20,000 USD maybe impossible, but who knows?

gunhell16

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One of the main factor which i see in the market is the low value of Ethereum.
Some people might want to exchange their BTC for ETHEREUM to max the profit which they can have.
We can take a look on the market, even though the Ethereum decreases the value in USD (with the lower price of BTC)
Its ETH-BTC value are going up, this is one cause of this downfall of BTC. there are many more reasons and i am just pointing one as a trader.

Jenkins33

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

I’m not so worried about the price of bitcoin because I’m sure of its future growth. I am most concerned about the fate of many altcoins from the top 30. I wonder when will they start to rise in price and whether it will be somehow related to the rise or fall of the price of bitcoin.

Reid

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Why look for a larger increase. We already went up for a high increase in value already.
For some it is already Christmas but I think some are just too greedy and want some more.

I would rather stay with this price for now and until the end of the year. The sudden increase is too questionable and it might cause the bitcoin technology to be banned to other countries which could worsen the value of bitcoin with low usage and investors.

cytpoway121

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Bitcoin facing a bearish run is not new; and maybe it could go as low towards 10,000$
We have to wait and see how the support levels react; if it breaks or sustain

bigcash2011

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I still optimistic about btc to break above as even with this fall btc is still showing a bull flag on longer time frame charts and also descending triangle which usually breaks up, i think next week will be important and it can decide the next big move of btc.

nxnqauff

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

I am not sure about 30% fall. But it should stop now and start moving up. It's falling for long time now.

hermanganbaro

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Everyone can give opinions about the price of bitcoin, both positive and negative. Apart from all that, until now the market price is again unstable, resulting in some coins experiencing a very drastic price decline including the price of bitcoin itself. But surely the price of bitcoin will slowly improve on the market.

enhu

legendary

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If its going that way then its going that way. We're all in this together anyway, its not like some other exchanges has extremely different price. There is nothing left to do in crypto but to keep waiting where it goes. If you try trading with the few knowledge you got trying to work out with the indicators, there are only two results, you either win or lose. But I wish btc to be just $1000 if they really can bring it down because at least this will give us fair chance to own at least more than 10BTC

Upgate

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Your thought are dark and you don't have any reason to substantiate your thought. Bitcoin has got what's required to pitch the twenty thousand dollars despite this rough little period.
Categorically speaking the dip is not one of the largest dips we have seen this year so no specialties should be giving to it.

Thanasis

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

Price of bitcoin swings on both directions so we cannot blame when it goes downwards,if you are really skillful analyse the market about how much the drop is going to happen and buy at the lowest point.No one can prove how much bitcoin able to reach until this year's end so 20K is just a blind calculation of common mind.

carter34

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

I have not thought of bitcoin going over its ATH by the end of this year... Not at all. My reason is simply that this year from the beginning to this day has not shown that kind of serious run it did back then , two years ago. So, it would be a magic for that to happen within the next four months to the end of this year.

charlop24

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We've witnessed bitcoin price reduction severally and this one does not seem to tickle my fantasy because I know its just a market correction and in no distant time there would be a rising value for Bitcoin and other altcoin. The market is still bullish in my opinion and price correction is a norm in this industry.

kramchers

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Quote from: bolajiy123 on August 14, 2019, 10:25:18 AM

Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

We will never know what will happen unless it happened already.
Cryptocurrency and its market is changing fast we should always watch our holdings.
If Bitcoin will fall more i believe that the ETH price to BTC will go up. but this is normal, i still believe BTC @ 16K above before the year ends.

WannaCry

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well, the market is like that..you cannot control how it will be.. though we want the price to go up we cant, as some of the whale/market manipulation I think Grin

VanDeinsberg12

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14k should be the top for this year. CME becomes the main news that caused the downtrend for bitcoin. 20k looks unrealistic prediction even with a lot of good news come caused by bitcoin goes to the moon caused by the hype.
CME futures gap give direct impact to the crypto market too and this is so bad.

bolajiy123

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Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap. I think bitcoin might suffers more decreases before the end of the year and making the 20,000$ year end price not realistic.

Topic: Bitcoin faces more decreases (Read 5635 times)