Bitcoin from $6000 to $5500 - page 2.

TravelMug

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Quote from: Mr. Legendaris on October 26, 2017, 04:50:46 AM

It looks like the user learned from last July experience, when the user panicked and sold a lot of bitcoin so as to make the price drop, but now the user better understand that there is no big impact despite there segwit, I'm sure the price will not drop below $ 5000.

Yeah, its really good to see that the market has matured enough not to panicked and sold their bitcoin without understanding what's the reason behind the dumping. Now after the price went to $5200-$5300, the price spike and went to $57000 after the Bitcoin Cash fork. Marketcap also went up to $168M. That's why the price didn't dip to below $5000 as others have suggested. There's really a lot of people who have trusted bitcoin ecosystem that they will now allow it to go back below $5000 again. And you will also noticed that there's no more excited about Bitcoin Gold, everyone is just there for him to get the free money and then dumped it to buy more bitcoins or go shift back to altcoins.

Haesoo

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Quote from: Mr. Legendaris on October 26, 2017, 04:50:46 AM

It looks like the user learned from last July experience, when the user panicked and sold a lot of bitcoin so as to make the price drop, but now the user better understand that there is no big impact despite there segwit, I'm sure the price will not drop below $ 5000.

It's true my brother, unlike in August 1 hard fork, people now are more calmer and more relax while waiting the hard fork to be done. The panic selling are lessen, well maybe they give bitcoin their full trust to this. The $5500 we experience is just a correction and nothing to worry.

Mr. Legendaris

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It looks like the user learned from last July experience, when the user panicked and sold a lot of bitcoin so as to make the price drop, but now the user better understand that there is no big impact despite there segwit, I'm sure the price will not drop below $ 5000.

EdenHazard

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Quote from: PranDoW on October 25, 2017, 09:56:17 AM

So, yes, bitcoin fork bitcoin gold are finished. Now Bitcoin supposed to be lower than now. -500$ it's just beginning in my opinion soon it can be decreased to 5000$

no , 5,500 are a good buy if you can do it then just do it by now before you left behind.

the future prospects of bitcoin are still far away from reached, we can do a lot of things with bitcoin , and people will come to invest and use bitcoin sooner or later , the last few months breakthrough are enough to show bitcoin existence off the world , next achievement should be at $10,000 , don't regret it later , just do buy it now.

Asrael999

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Quote from: tee-rex on October 26, 2017, 02:54:23 AM

Quote from: Rozita on October 25, 2017, 05:00:57 PM

Quote from: Maingtoled1958 on October 25, 2017, 01:17:21 PM

Quote from: 4p0l4k4y on October 25, 2017, 01:09:41 AM

I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?

BTG is pump price a lot so that it is normally to dump hope not back to 4,000$ range

It won't happen. Now seems the price to be stable at around 5500 dollar. And as there will be another fork in November the demand for Bitcoin will remain high and the price rise will continue.

This remains largely unknown. The coming hard fork you refer to seems to be the most nervous moment in the last few years. Bitcoin Cash released earlier in August was nothing but a minor aberration in this regard. And when the market becomes nervous and undecided, the price usually goes down. As much as I myself want bitcoin to rise higher, to 7000$ and beyond, the deep plunge before the hard fork or soon thereafter remains a possibility which no one should discard as completely irrelevant. To put it simply, the November hard fork is not the same as the one which happened in August and led to Bitcoin Cash turning up.

As long as you hold both coins and work to separate them by tainting a transaction and moving your coins between addresses you control, it’s exactly the same as the fork in August, only you the user need to take some action (tainting to protect yourself). Mining power will ultimately follow the money. Users will use whichever coin offers them the most utility and traders will follow the vol.

tee-rex

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Quote from: Rozita on October 25, 2017, 05:00:57 PM

Quote from: Maingtoled1958 on October 25, 2017, 01:17:21 PM

Quote from: 4p0l4k4y on October 25, 2017, 01:09:41 AM

I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?

BTG is pump price a lot so that it is normally to dump hope not back to 4,000$ range

It won't happen. Now seems the price to be stable at around 5500 dollar. And as there will be another fork in November the demand for Bitcoin will remain high and the price rise will continue.

This remains largely unknown. The coming hard fork you refer to seems to be the most nervous moment in the last few years. Bitcoin Cash released earlier in August was nothing but a minor aberration in this regard. And when the market becomes nervous and undecided, the price usually goes down. As much as I myself want bitcoin to rise higher, to 7000$ and beyond, the deep plunge before the hard fork or soon thereafter remains a possibility which no one should discard as completely irrelevant. To put it simply, the November hard fork is not the same as the one which happened in August and led to Bitcoin Cash turning up.

4p0l4k4y

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I guess the price will now be back from where it is in a couple of days it is now $5700.

Izarok

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Nothing to worry about. It's just a normal dip since most hodlers are cashing out there profit. Also, it is a great opportunity to buy some Bitcoin while the price is still at $5500.

ranman09

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Quote from: 4p0l4k4y on October 25, 2017, 01:09:41 AM

I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?

Is an oppurtunity to buy! Haha, seeing bitcoin go down alerts me senses to buy. And it is because of people seeing the price surge withdrawing their profits. Dont worry they will come back.

HatakeKakashi

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The price of bitcoin back again at 5800 dollars and im happy for that even the fork will not affect the bitcoin price. I hope it will continue to increase more . Buy more bitcoin with your extra money to earn more money . I hope the price will hit again 6k dollars this day and next month will become 7k dollars and if that happen for sure the bitcoin world become happy because we can earn a lot of profit.

chineseprancing

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It is possible to happen due fluctuation of bitcoin in the market, but eventually there's no need to worries regarding going deep of crypto. Because not only bitcoin were experience of this fall down of value, even altcoins and other coins were declining their price. Maybe hard fork was the highly reasons why crypto currencies decreasing their value. Even though I was thinking that this is a good opportunity because since Christmas is coming it is the perfect timing to invest because I know that bitcoin value were raising up after segwit.

w5pn73

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Every level 3000-4000 , 4000-5000 etc
There are people worrying about a price drop, it's completely normal in bitcoin.

I'm waiting for the next thread when bitcoin goes from 7000 back to 6000 Grin

Rozita

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Quote from: Maingtoled1958 on October 25, 2017, 01:17:21 PM

Quote from: 4p0l4k4y on October 25, 2017, 01:09:41 AM

I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?

BTG is pump price a lot so that it is normally to dump hope not back to 4,000$ range

It won't happen. Now seems the price to be stable at around 5500 dollar. And as there will be another fork in November the demand for Bitcoin will remain high and the price rise will continue.

Eugenar

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Quote from: 4p0l4k4y on October 25, 2017, 01:09:41 AM

I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?

You're definitely right. The decrease on its market value might be caused by the incoming hardfork in November. As the month is getting closer Bitcoin's value is having difficulties with the increase on its value. It is now tied between 6000 and 5500. There's also a probability that it will fall under 5500 but there's no need to qorry because eventually, or after the segwit2x it will again increase and be more expensive.

Cranidos

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Quote from: 4p0l4k4y on October 25, 2017, 01:09:41 AM

I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?

That's Bitcoin's volatility for you. This type of price drop is very common so get used to it. This occurs from time to time even though there is no significant reason at all. In this case, it is clear that it is just a correction. We just witnessed a new all time high days ago at around 6,100 USD so it is just normal to see Bitcoin go down a bit. This may be caused by some people selling their coins to get some profit.

btcboss71

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HIBEGYB MTO-sale Aug 9-50 || GTRUJDSAGR Aug 61

I also have seen that. The price of bitcoin has fallen down. But I think that's not a matter to worry about. As bitcoin is a cryptocoin, it's price may often rise or fall down. It's a normal thing. I think the price will rise soon. A few people are talking that the price has been fallen down because of the upcoming fork. But it's not true. The ups and downs of price is a normal issue.

Coldsnap4457

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Quote from: 4p0l4k4y on October 25, 2017, 01:09:41 AM

I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?

Yes, likely.

Bitcoin Price Struggles to Recover Beyond $5,500; Bitcoin Gold Lacks Community Support
https://www.cryptocoinsnews.com/bitcoin-price-struggles-recover-beyond-5500-bitcoin-gold-lacks-community-support/

Nevertheless, this is just a short term setback, much like China.

I made a bet that Bitcoin is going to go up:

https://stockbet.com/#/BullBear/round/17971

Get on the right side.

Maingtoled1958

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Quote from: 4p0l4k4y on October 25, 2017, 01:09:41 AM

I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?

BTG is pump price a lot so that it is normally to dump hope not back to 4,000$ range

yamortsac

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So the fork has happened and as expected the bitcoin price dropdown a little but for sure after a few weeks the price will go up again and maybe much higher than the original price before the dropdown. So there's nothing to worry about.

arbitrage

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Quote from: death69 on October 25, 2017, 01:40:06 AM

the upcoming hard fork will definitely impact the price of bitcoin which will make bitcoin even higher than $6000. I expect that the highest peak will be $6500

I agree, but this is already fantastic price , considering how much negativity is around, don't you think so?

Quote from: PranDoW on October 25, 2017, 09:56:17 AM

So, yes, bitcoin fork bitcoin gold are finished. Now Bitcoin supposed to be lower than now. -500$ it's just beginning in my opinion soon it can be decreased to 5000$

When Yobit whales finished with this coin in the next couple of days, it won't worth nothing.

Quote from: 4p0l4k4y on October 25, 2017, 01:09:41 AM

I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?

Those who sell Bitcoin now will probably have more chances to buy them back below 5k. This is how things are at the moment. Till November we have plenty of time for surge.

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