Topic: bitcoin price decreasing - page 6. (Read 4977 times)
Theoretically, no one can predict how low or even high bitcoin's price will go. The current decrease of the price of bitcoin from the ATH is a normal occurrence. Bitcoin's price just swings here and there. No one is surprise in this movements since it became normal to most of us here, especially the old members, and this is due to Bitcoin's volatility. Nothing to worry about
If you look at the price now,the price is recovering from the slump we have yesterday,the price went down to $2600 range and now it is above $2700 ,the price is actually rallying on a range and i think the rally will continue like this for some time until we break $3000 and for that to happen we need a good rally.
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
It has been going parabolic, thats for sure, and means that it is destined for a pull back. This is a healthy thing and should be embraced. Long term BTC is here to stay.
Bitcoin isn't going below $2000 again, these historically small falls (as a % of value) happen frequently and are to be expected. It seemed to coincide with a big pump on ETH.
Anyway I think this belongs on the speculation area.
Anyway I think this belongs on the speculation area.
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+.
Mathematics and English 101:
decreasing = going down; a present tense meaning an ongoing action.
when x2 > x1 => increasing not decreasing
x2 @ 2017-6-13 17 UTC = $2741
x1 @ 2017-6-12 17 UTC = $2480
2741 > 2480 => increasing...
x1 @ 2017-5-13 17 UTC = $1777
2741 > 1777 => increasing
x1 @ 2017-4-13 17 UTC = $1212
2741 > 1212 => increasing
...
x1 @ 2016-6-13 17 UTC = $660
2741 > 660 => increasing
decreasing = going down; a present tense meaning an ongoing action.
when x2 > x1 => increasing not decreasing
x2 @ 2017-6-13 17 UTC = $2741
x1 @ 2017-6-12 17 UTC = $2480
2741 > 2480 => increasing...
x1 @ 2017-5-13 17 UTC = $1777
2741 > 1777 => increasing
x1 @ 2017-4-13 17 UTC = $1212
2741 > 1212 => increasing
...
x1 @ 2016-6-13 17 UTC = $660
2741 > 660 => increasing
Historically, a 50-75% wouldn't be a surprise.
bitcoin price is decreasing.can anyone predict how much it will decrease?
thanks
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