bitcoin price decreasing - page 5. | Bitcointalksearch.org

jossiel

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Quote from: topper26 on June 14, 2017, 05:52:22 PM

Today is red wednesday, only 4 of the top 50 crypto are in the green on coinmarketcap.com , massive selling in the digital world, pretty wild day

A group of hoarders and whales I guess or there are some issues about China's banning of bitcoin mining that affected the price.

Well if you will just look on its positive side. There will be another quick pump again soon, many will buy new coins.

So this week is going to be bloody I guess but it will end up on Saturday.

topper26

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Today is red wednesday, only 4 of the top 50 crypto are in the green on coinmarketcap.com , massive selling in the digital world, pretty wild day

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Quote from: MachineZero on June 14, 2017, 03:40:31 PM

Would love to see price come down to 1800-2200 and consolidate for 3 months. Establish firm support before slowly rising again.

Well it would be good if the price actually consolidated though there is a possibility that it would go down even more if the eth market cap would become bigger than the bitcoins. If this happened people psychologically wouldn't be able to be in bitcoins because bitcoin would become an altcoin and eth would be the main coin. That's the main reason why I wouldn't want for bitcoin to go down even though it would give a chance to buy some cheap coins.

Quote from: Danslip on June 14, 2017, 04:28:12 PM

We all hope for 3000 for next week. This downtrend is temporary.

Believe it or not, it's not gonna happen. At least not the next week, the support is too weak at the moment and it still has to go down for a while in my opinion.

If eth wouldn't manage to overcome bitcoins over a long time then we might see a huge growth again. Especially before the halving, I wouldn't be surprised if the price went up 5x or even more.

Quote from: batang_bitcoin on June 14, 2017, 05:27:47 PM

Quote from: Zrs on June 13, 2017, 12:22:40 PM

bitcoin price is decreasing.can anyone predict how much it will decrease?

thanks

It may be decreasing for now but well all of us are used to this scenario and price movement of bitcoin. After a dump next will be pump. With the positive vibes and comments that everything is commenting here. I hope that it won't go lower than $2,000 so that there will no more panic selling. I will ride when the price increases soon.

There's nothing to hope for. There were tons of newbies coming into the crypto world during the last few weeks. Right now they are dumping their bitcoins and the thing is that they don't buy other cryptos, they just buy back their fiat.

topper26

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We were at 2998.98 just a couple days ago, we already dropped this far l, he'll go under 2k and I can get some bitcoin on sale before the next rise

batang_bitcoin

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Quote from: Zrs on June 13, 2017, 12:22:40 PM

bitcoin price is decreasing.can anyone predict how much it will decrease?

thanks

It may be decreasing for now but well all of us are used to this scenario and price movement of bitcoin. After a dump next will be pump. With the positive vibes and comments that everything is commenting here. I hope that it won't go lower than $2,000 so that there will no more panic selling. I will ride when the price increases soon.

vingaard

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It's always the same...

Danslip

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We all hope for 3000 for next week. This downtrend is temporary.

stergium

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Quote from: arwin100 on June 14, 2017, 12:42:41 AM

The price decreased happening right now is not on critical level and im so sure that this downfall will not take for so deep since people are preparing their fiats to buy cheap BTC at this moment so don't ever expect that theirs another big fall will be happen since History happening on bitcoins will not repeat and people would not let it to be happen since they might gonna lose some money also if bitcoins fall for more.

i am hopeful that it will be just a correction and not a critical condition. in fact people are holding bitcoin from 1000$ level and still holding it, may be some people want to sell their bitcoin secure the profit. and they may also be looking for investment again in low price, so i am hopeful that the price of bitcoin will not stay here for a long time but after some time it will again pick the accelerator and will surely start increasing.

MachineZero

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Would love to see price come down to 1800-2200 and consolidate for 3 months. Establish firm support before slowly rising again.

BurstIncomeAsset

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Quote from: JimmyButlerCollector on June 13, 2017, 12:24:29 PM

Historically, a 50-75% wouldn't be a surprise.

Yes, would be without major bad news. Market is more matured now and big swings are much more expensive today.

But August hardfork may give us the bad news and opportunity to buy cheap.

Rizky Aditya

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Quote from: Zrs on June 13, 2017, 12:22:40 PM

bitcoin price is decreasing.can anyone predict how much it will decrease?

thanks

yes the price of bitcoin is now decreasing and increasing, it is sometime increase and decrease, today's price is about 2500 dollars but i think the price of bitcoin will not go below 2400 dollars or 2300 dollars because i think its price is stable at that amount and i am sure that in few days it will start going up because the price is now recovering.

ParabellumLite

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I was here in 2013 when the big crash happened, and the parallels are stunning. The same rampant euphoria, the same perceived impossibility of Bitcoin not dropping significantly. It's frightening to see.
Especially the peak euphoria is something that worries me: people assume it 'must' go to 3000 dollar+ (with 5000 dollars and even 10.000 dollars not even being rare as 'end of year' predictions!), while not even considering this might be the top for now, while it may downtrend for months on end.

Bitcoin is showing strong bear flags as of late, and I'd advise all of you to be very careful and rethink what you're holding. Try to find some posts from the past and see how people responded there, before it retraced all the way back by about 70%.

Also, don't forget that Bitcoin fell from about 85-90% market share earlier on this year to less than 50% (currently 38,7%!) in a matter of a few months. Bitcoin might have appreciated, but the competition is going much quicker. Put things into perspective, do your research and please: be careful! Don't lose touch with reality out of ideological inclination.

Ayiranorea

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Price decreasing is quite common with bitcoin and other digital currencies. Right now bitcoin is in a stabilty gain state, this has provided with the price fluctuations to happen without any big pumps to reach $3000. Hope this will take time for us to reach the $3000 as we've gone down to $2700.

magneto

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Quote from: Zrs on June 13, 2017, 12:22:40 PM

bitcoin price is decreasing.can anyone predict how much it will decrease?

thanks

Nobody can predict exactly how much bitcoin will crash by, because it is so volatile. Someone claiming to be able to do so is just a scammer/confidence trickster probably trying to get you to use their affiliate link on a trading site or trying to offer to you a secret trading course that you need to pay money for.

The BTC/USD index has been pretty stable at the 2700 USD region despite the recent adjustment. Personally i don't think that it will crash further. Even if it does 2500 USD is the floor. Go to coinmarketcap charts and zoom in on the btc/usd pair, you'll see clearly that once the price got near 2500 people starting buying in again. There is no way that bitcoin will go sub $2000 in the medium term. If it does then, perfect time to buy.

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Quote from: cafucafucafu on June 14, 2017, 12:58:47 AM

Quote from: Zrs on June 13, 2017, 12:22:40 PM

bitcoin price is decreasing.can anyone predict how much it will decrease?

thanks

It is on the verge of recovery already - honestly it was a hell of a buy for those people who bought from the low of $2.5k. It seems like that the price won't go under that set barrier for a long time. If you bought in at 2.5k and held till now it would have been an easy $250 for you in a span of one day or less.

I don't think that it is going to decrease further, because a) we've seen the price rebound as soon as it hits the floor set by the markets and b) Australia and Japan legalizing bitcoin will bring the price of bitcoin up.

Good idea to hold some bitcoins if you are not already, the worst that will happen is a crash all the way back to $2000. That's not that bad, nor do i think that is likely going to happen.

I second this but not in the point that I would say that the worst that could happen is back to the $2000 price range. I think the worst that could happen is if it goes back down to $1750 - $2000, but below that I do not see bitcoin going that low.

cafucafucafu

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Quote from: Zrs on June 13, 2017, 12:22:40 PM

bitcoin price is decreasing.can anyone predict how much it will decrease?

thanks

It is on the verge of recovery already - honestly it was a hell of a buy for those people who bought from the low of $2.5k. It seems like that the price won't go under that set barrier for a long time. If you bought in at 2.5k and held till now it would have been an easy $250 for you in a span of one day or less.

I don't think that it is going to decrease further, because a) we've seen the price rebound as soon as it hits the floor set by the markets and b) Australia and Japan legalizing bitcoin will bring the price of bitcoin up.

Good idea to hold some bitcoins if you are not already, the worst that will happen is a crash all the way back to $2000. That's not that bad, nor do i think that is likely going to happen.

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Quote from: phr0stbyt3 on June 13, 2017, 12:40:45 PM

It's still fine as price is slowly climbing back up. I did a search and found out the reason for this drop is a panic selling because few bitcoin exchanges have issued a notice that they are closing down. I don't remember whcih exchange but this purely a panic sell and plus price is still looking strong enough

Yeah looks that's just a trap because before we have see the price rise many time before the price decreasing like in some days. we should not be panic like many trader do before the price stay over $2000.

arwin100

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The price decreased happening right now is not on critical level and im so sure that this downfall will not take for so deep since people are preparing their fiats to buy cheap BTC at this moment so don't ever expect that theirs another big fall will be happen since History happening on bitcoins will not repeat and people would not let it to be happen since they might gonna lose some money also if bitcoins fall for more.

HabBear

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Quote from: Zrs on June 13, 2017, 12:22:40 PM

bitcoin price is decreasing.can anyone predict how much it will decrease?

Short answer, No.

Quote from: JimmyButlerCollector on June 13, 2017, 12:24:29 PM

Historically, a 50-75% wouldn't be a surprise.

Historically, this would be a surprise.

You need to look at these declines in one of two ways, you either (1) are worried about it so you set a level at which you'll sell or (2) you're willing to weather the storm and enjoy the ride knowing that a lower price means an opportunity to buy more on sale.

A more important price activity to watch when there's a significant correction (as we're seeing now) is how quickly the price rebounds. This rebound indicates the support that exists in the market. It's the measure of how the market sees the drop - is it reason (1) sell! sell! sell! or is it (2) don't be sore, buy some more.

With Bitcoin, we've lately been seeing a lot of quick price rebounds. This support indicates one thing, that the market is thinking "don't be sore, buy some more!"

We've seen the same exist for Litecoin and Ethereum too.

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Quote from: bamboylee on June 13, 2017, 12:34:01 PM

From 2980+ it dived to 2480+ but it is recovering now. It is just maybe the whales taking profit from the new ATH. The trend is still going up. The 2480 must be the lowest point and it will continue its interrupted journey to 3K+.

Agree with you. This is all the reason those dives and big waves up are happening.
Something is out there making profits with this trend and as log as they have a bigger amount of bitcoon then they can make the movement.
Maybe if we keep on chipping away the bitcoin that they are all holding then it might make a big difference with the output of the price.

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