Bitcoin price fall below $5,500. - page 4.

supine

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Quote from: Idrisu on October 18, 2017, 01:33:38 AM

I have been following bitcoin price since the recent upwards price movement and I think $5875 has become the high and corrections has began. Checking price chart this morning I discovered that the down channel's line has been broken and that signal a dropped in buying momentum and price may get below $5,000. However, this is another opportunity to buy bitcoin at a very cheap prices as before the end of this year bitcoin might hit $7,000. This corrections is not going to be a long one, it might just be three to four days and we would resumes another upwards movement again.

This might be correct, however, we will see how bitcoin price will do after the upcoming hard fork, a lot of bitcoin users are holding all the bitcoins they can because they want to get easy money this upcoming hard fork. I really think that this hard fork will be just the same as bitcoin cash. Bitcoin will still be number one after it.

criz2fer

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Quote from: xSkylarx on October 19, 2017, 07:35:55 AM

Quote from: player514 on October 18, 2017, 01:48:46 AM

Quote from: Idrisu on October 18, 2017, 01:33:38 AM

I have been following bitcoin price since the recent upwards price movement and I think $5875 has become the high and corrections has began. Checking price chart this morning I discovered that the down channel's line has been broken and that signal a dropped in buying momentum and price may get below $5,000. However, this is another opportunity to buy bitcoin at a very cheap prices as before the end of this year bitcoin might hit $7,000. This corrections is not going to be a long one, it might just be three to four days and we would resumes another upwards movement again.

You're definitely correct about the fact that all of this is due to corrections. I suspect that once BTC hit 5,500, a decent amount of investors decided to sell. However, there must have been more people trying to hop on the boat, so the evaluation rose to 5,800. Either way, it seems like there will soon be another big jump.

Yes I think there will also be a big jump if I am not wrong there will be another hard fork for bitcoin,
So I think there will be a huge pump because a lot of people would want to save or have bitcoin before the fork to have another free coin.

Correct. That's why altcoins become bloody before the fork due to this new coin which will be Bitcoin Gold. Hope that a pump after the fork will happen. I think because of this upcoming fork why people also stop buying bitcoin because they are not sure if the price will pump or dump after this. For me, big jump will occur on the last week of the year.

xSkylarx

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Quote from: player514 on October 18, 2017, 01:48:46 AM

Quote from: Idrisu on October 18, 2017, 01:33:38 AM

I have been following bitcoin price since the recent upwards price movement and I think $5875 has become the high and corrections has began. Checking price chart this morning I discovered that the down channel's line has been broken and that signal a dropped in buying momentum and price may get below $5,000. However, this is another opportunity to buy bitcoin at a very cheap prices as before the end of this year bitcoin might hit $7,000. This corrections is not going to be a long one, it might just be three to four days and we would resumes another upwards movement again.

You're definitely correct about the fact that all of this is due to corrections. I suspect that once BTC hit 5,500, a decent amount of investors decided to sell. However, there must have been more people trying to hop on the boat, so the evaluation rose to 5,800. Either way, it seems like there will soon be another big jump.

Yes I think there will also be a big jump if I am not wrong there will be another hard fork for bitcoin,
So I think there will be a huge pump because a lot of people would want to save or have bitcoin before the fork to have another free coin.

santino11

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this is what bitcoin is ! the votality on the chart is rerally amazing and a sure profit for every traders/investors.

katiecbell

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Quote from: mrdenis on October 18, 2017, 06:21:12 AM

Quote from: sindikat on October 18, 2017, 06:13:03 AM

Quote from: truongdhnh on October 18, 2017, 06:01:56 AM

Quote from: Wowcoin on October 18, 2017, 05:57:23 AM

Quote from: Idrisu on October 18, 2017, 01:33:38 AM

I have been following bitcoin price since the recent upwards price movement and I think $5875 has become the high and corrections has began. Checking price chart this morning I discovered that the down channel's line has been broken and that signal a dropped in buying momentum and price may get below $5,000. However, this is another opportunity to buy bitcoin at a very cheap prices as before the end of this year bitcoin might hit $7,000. This corrections is not going to be a long one, it might just be three to four days and we would resumes another upwards movement again.

Yes bitcoin down but not much i wait the bitcoin fall on 4500$ so that i will buy some i do believe also that bitcoin will rise again. This coming year i know bitcoin become 7000$.

I believe that after all the dump tactics to drive BTC down are over BTC will start going back up I would love to buy some BTC more while its down but I don't have the money. Grin

It seems to me that it is now too late to buy bitcoins. Everyone who wanted to capitalize on the October pump bought bitcoin when the price dropped to $ 3,000. Now is the time to wait. Users have no money. All invested in bitcoin. I expect higher prices in the coming days.

I agree, next correction will probably take BTC down to 4000-4500usd.

May be it come down to $5000, but not to $4000 and it must be in everyone mind that it will once again jump to $6000 even in a week time because from the past experience we have learned when the price was $2000 and it jumps to $4000 within very short period time but then it was come down just to $3000 and then once again get a rise in the price. I predict that at the end of this month bitcoin will touch the figure $6000.

simbo

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I would probably buy some Bitcoins ( I have only Etherium yet). Thanks for the information, let's check the prices now again. If it's not rising, I will buy some probably as it will become $6k by the end of the year for sure

UCHCHILD

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The price variatiom or correction is really normal, especially when somebody wants to manipulate the attention of those new comers and new investors.

And yes we are really hoping that this coming year end will.gonna reach the $7000 valued per bitcoin especially after hard fork done. Anyway pumping and dumping is really normal, the abnormality will goes if the coin teach so high continuously with out any reason and dump suddenly to deep.

Kprawn

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I think some whales are dumping coins to scare some newbies to sell their coins before the fork. They need to get their hands

on some more coins before the fork and everyone is hoarding at the moment. The only way for them to get some more cheap

coins, would be to scare some people with a mini dump. Once the price dropped, they buy back at a cheaper price and use the

profits to buy some "newbie" coins. Grin

maku

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Just buy Bitcoin at any price really, small price dip will only help you. Don't falter, don't wait too long, don't think that current price is 'too high' already.
Because it isn't! We are destined to reach $10k soon. Have you heard that Indian government is working on Bitcoin legalization?
When they finally push that cryptocurrency legislation - we will reach price like never before. We have exciting times ahead, gentlemen.

Yadstiker

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Quote from: Razick on October 18, 2017, 11:33:27 AM

Quote from: pearlmen on October 18, 2017, 10:48:01 AM

Quote from: Idrisu on October 18, 2017, 01:33:38 AM

I have been following bitcoin price since the recent upwards price movement and I think $5875 has become the high and corrections has began. Checking price chart this morning I discovered that the down channel's line has been broken and that signal a dropped in buying momentum and price may get below $5,000. However, this is another opportunity to buy bitcoin at a very cheap prices as before the end of this year bitcoin might hit $7,000. This corrections is not going to be a long one, it might just be three to four days and we would resumes another upwards movement again.

The downward correction we are seeing in price to me is what should be expected as we should even be more careful if the only thing we are seeing is increase in price that will not only led to loss of confidence, but also give the media something to feed on as a negative that they always wanted to get about bitcoin. The market is volatile no doubt but the volatility is what makes it so interesting that makes us wake up everyday to be confronted with new challenges and how we can help is navigating such.

Ummm, no offense, but what "downward correction" might you be talking about? There has literally be a jump from $4,800 up to $5,500 in the past 72 hours and the price is still $5,350. I would not call that a downward correction, but more so like a regular fluctuation. The price does not constantly go up every single day. There are going to be multiple days in a row where we see small drops.

Honestly there is no downward correction but rather than a retracement. This always happens every big pumps, although nobody knows what will be the highest leak price when it pumps, but usually those are aftershocks like an earthquake. So expect nothing less in bitcoin, it has fluctuations that can happen anytime around.

futuret

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Quote from: zarados on October 18, 2017, 06:52:06 AM

I thought it is just a small correction, I believe It wouldn't be fall below $5k. Probably the next fork on november would be a determinant that the price are continue to fall or jumpt again and hit a new All Time High. Other speculation says that the next fork would be a next crash of bitcoin price. But I couln't assure that since it's just a speculation.

Not only the bitcoin user but the people who are getting the bitcoin bear being the bitcoin part and they are getting more powerful. The price of the bitcoin is increasing now from 5000$ not for bitcoin people who are getting into the bitcoin so I like the bitcoin for the increasing price and the importance of the bitcoin, almost all the people are investing in the bitcoin and they are being a part of the bitcoin now.

dancingnancy

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Quote from: Idrisu on October 18, 2017, 01:33:38 AM

I have been following bitcoin price since the recent upwards price movement and I think $5875 has become the high and corrections has began. Checking price chart this morning I discovered that the down channel's line has been broken and that signal a dropped in buying momentum and price may get below $5,000. However, this is another opportunity to buy bitcoin at a very cheap prices as before the end of this year bitcoin might hit $7,000. This corrections is not going to be a long one, it might just be three to four days and we would resumes another upwards movement again.

Yes if the prices are constantly going down at a slow pace it will be perfect to buy more bitcoin, to get assured profits as the prices will kick back again to higher prices. We will be closing in to 7k by the end of the year so buying now seems to be a reasonable deal.

Razick

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Quote from: pearlmen on October 18, 2017, 10:48:01 AM

Quote from: Idrisu on October 18, 2017, 01:33:38 AM

I have been following bitcoin price since the recent upwards price movement and I think $5875 has become the high and corrections has began. Checking price chart this morning I discovered that the down channel's line has been broken and that signal a dropped in buying momentum and price may get below $5,000. However, this is another opportunity to buy bitcoin at a very cheap prices as before the end of this year bitcoin might hit $7,000. This corrections is not going to be a long one, it might just be three to four days and we would resumes another upwards movement again.

The downward correction we are seeing in price to me is what should be expected as we should even be more careful if the only thing we are seeing is increase in price that will not only led to loss of confidence, but also give the media something to feed on as a negative that they always wanted to get about bitcoin. The market is volatile no doubt but the volatility is what makes it so interesting that makes us wake up everyday to be confronted with new challenges and how we can help is navigating such.

Ummm, no offense, but what "downward correction" might you be talking about? There has literally be a jump from $4,800 up to $5,500 in the past 72 hours and the price is still $5,350. I would not call that a downward correction, but more so like a regular fluctuation. The price does not constantly go up every single day. There are going to be multiple days in a row where we see small drops.

boyptc

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Quote from: Idrisu on October 18, 2017, 01:33:38 AM

I have been following bitcoin price since the recent upwards price movement and I think $5875 has become the high and corrections has began. Checking price chart this morning I discovered that the down channel's line has been broken and that signal a dropped in buying momentum and price may get below $5,000. However, this is another opportunity to buy bitcoin at a very cheap prices as before the end of this year bitcoin might hit $7,000. This corrections is not going to be a long one, it might just be three to four days and we would resumes another upwards movement again.

Yes it's a good opportunity to buy bitcoin now, I check it out and it's now at $5,396 so if you are a dip buyer this is the best time to buy now. A normal correction is just happening today so expect that all profit takers are going to be back soon before the hard fork, they don't want to miss the chance of getting a free coin. Whether it will be important or not, free coin is equals to free money.

muncuss

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Quote from: kamotharnn on October 18, 2017, 09:20:41 AM

I agree to your point. I believe that the price will be around $4200 and then, bitcoin will have more strength to bounce back. Right now, bitcoin needs a small dump in order to become stronger. A dip will make bitcoin come back strongly and significantly. I have just sold all of my bitcoin so that I can wait for a next dump

too bad for you, it's started to rise slowly. And you really should forget about big dump in last month, it's different now, no big fud will bring btc below 44xx from 53xx

pearlmen

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Quote from: Idrisu on October 18, 2017, 01:33:38 AM

I have been following bitcoin price since the recent upwards price movement and I think $5875 has become the high and corrections has began. Checking price chart this morning I discovered that the down channel's line has been broken and that signal a dropped in buying momentum and price may get below $5,000. However, this is another opportunity to buy bitcoin at a very cheap prices as before the end of this year bitcoin might hit $7,000. This corrections is not going to be a long one, it might just be three to four days and we would resumes another upwards movement again.

The downward correction we are seeing in price to me is what should be expected as we should even be more careful if the only thing we are seeing is increase in price that will not only led to loss of confidence, but also give the media something to feed on as a negative that they always wanted to get about bitcoin. The market is volatile no doubt but the volatility is what makes it so interesting that makes us wake up everyday to be confronted with new challenges and how we can help is navigating such.

Malsetid

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Quote from: Idrisu on October 18, 2017, 01:33:38 AM

I have been following bitcoin price since the recent upwards price movement and I think $5875 has become the high and corrections has began. Checking price chart this morning I discovered that the down channel's line has been broken and that signal a dropped in buying momentum and price may get below $5,000. However, this is another opportunity to buy bitcoin at a very cheap prices as before the end of this year bitcoin might hit $7,000. This corrections is not going to be a long one, it might just be three to four days and we would resumes another upwards movement again.

Well it may also have something to do with the upcoming hardfork this 25th. And judging from what happened with the aug1st hardfork, it won't take long before the price shoots up and hit record highs again.

Cacingkemi

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I'm not mind the correction,how to calculate what correction can clearly describe a correction?I see this chart will not be long up and has a lot of BTC news going up to 7K$?if it is true I will hold it until the time comes Wink

allthingsluxury

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There is absolutely nothing wrong with a healthy pullback, nothing should go up in a parabolic straight line forever.

bitbunnny

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Some has predicted that price could go down before the next fork in November which is very likely. It looks like this is already happening and the price could dump below 5000$ but it's not necessary and doesn't have to show the trend. Anyway, there is no room for panic, just have to accept this correction as a part of usual process.

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