Bitcoin Prices incline below $4000 to Hit 7-day low

Fafabol

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Quote from: judeafante on August 22, 2017, 08:17:15 PM

Quote from: Catmony on August 22, 2017, 05:19:07 AM

But price is already recovering from the dump, I think this one is usual correction after a long bull run. Price might settle between $4000 and $4500 for next few weeks before pumping over $5000.

This is not the first time it's happened and will not be the last, it happens all the time, Bitcoin price goes down then recover again then th eprice surge it happen when it was at the $2000 and $3000 level so nothing new really.

I think this all are usual and nothing to worry.
When we experience some dips just expect that sooner it will recover.
So don't panic and just hold your coins or you'll miss the train again.

btcney

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Quote from: Elena_Rodriguez on August 22, 2017, 04:31:28 AM

The bitcoin price is back below $4000. According to a period of high records, declination on average prices across global exchanges at the start trading on August 22. It was already dipped more than $150 from the day’s open. At the time of writing article, bitcoin was trading at $3861.87 as it was its lowest price since April 15.

As expect on 23th August which is today there will be a pump.

This essentially serves as the rebound in price for the previous correction. And yeah, it was definitely a scary sight when it happened, btc suddenly dropping from $4500 to $3800-$3900 and all that. I actually braced myself for the worst but thankfully SW activation has brought it back up again.

Honestly i think that this is still an ongoing correction, we might see some more dumps in the coming days. Now that it's $4100 again, this is especially relevant. I think that this time, it's going to dump to around $3600 before rebounding again back to $3900-4000.

TravelMug

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Quote from: Wesimon on August 22, 2017, 08:28:02 PM

Quote from: OMGyasuo on August 22, 2017, 05:34:57 AM

That is probably something that will happen, btc not raise prices forever and the market must also increase at once. And I think that is also an opportunity for us to make a profit. I think the discount is normal and btc will increase again.

I agree. It is normal for the price of bitcoin to go down. Let's call it discounted days for all of us. It can also be taken as an opportunity to buy bitcoin since we are really sure that it will pump back again higher than you expected. Compared to the previous dip of bitcoin's value, this one is low and bitcoin is reviving again.

I think the opportunity has been taken by others because the price now is above $4000. Definitely investors have bought bitcoin back again because its already green. So for others that panic and sell their bitcoins, I think you made a wrong moved. What happened is normal for most of us. While for others we thought that the price dipping will continue, sold off, that's why weak hands has been shaken again. And good for others who just entered the market, hold on your bitcoin because the price could grow in the next coming months.

Wesimon

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Quote from: OMGyasuo on August 22, 2017, 05:34:57 AM

That is probably something that will happen, btc not raise prices forever and the market must also increase at once. And I think that is also an opportunity for us to make a profit. I think the discount is normal and btc will increase again.

I agree. It is normal for the price of bitcoin to go down. Let's call it discounted days for all of us. It can also be taken as an opportunity to buy bitcoin since we are really sure that it will pump back again higher than you expected. Compared to the previous dip of bitcoin's value, this one is low and bitcoin is reviving again.

judeafante

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Quote from: Catmony on August 22, 2017, 05:19:07 AM

But price is already recovering from the dump, I think this one is usual correction after a long bull run. Price might settle between $4000 and $4500 for next few weeks before pumping over $5000.

This is not the first time it's happened and will not be the last, it happens all the time, Bitcoin price goes down then recover again then th eprice surge it happen when it was at the $2000 and $3000 level so nothing new really.

Razick

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It is funny how people panic when the price goes below $4,000 meanwhile last month it was under $2,000. Cheesy

The reality is we are in one of those major bubbles and it is going to burst eventually. Whether it goes above $5,000 or $6,000 or even higher before that, a huge crash is inevitable at this point, and only a matter of time.

TheGodFather

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Quote from: Elena_Rodriguez on August 22, 2017, 04:31:28 AM

The bitcoin price is back below $4000. According to a period of high records, declination on average prices across global exchanges at the start trading on August 22. It was already dipped more than $150 from the day’s open. At the time of writing article, bitcoin was trading at $3861.87 as it was its lowest price since April 15.

I think bitcoin price now goes to $4000 yes bitcoin may be dump or decrease sometimes but still it will grow its value again and again. We only need to believe on it and trust that bitcoin might be good again. We have been using it for a long time we need to gain our trust on it very much.

avikz

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Quote from: Elena_Rodriguez on August 22, 2017, 04:31:28 AM

The bitcoin price is back below $4000. According to a period of high records, declination on average prices across global exchanges at the start trading on August 22. It was already dipped more than $150 from the day’s open. At the time of writing article, bitcoin was trading at $3861.87 as it was its lowest price since April 15.

Yes, it did went below 4k USD but it is back again to 4K USD regimen. So I will consider it as a little correction and higher trading activity. A lot of traders have booked their profit from the higher price which was showing stability at 4100 USD level.

However, the re-surge in price shows that positivity is still round the corner and people are willing to pay that much prices to buy bitcoin. I believe, bitcoin will reach at least 4500 USD by the second week of September. The way people are buying and trading with bitcoin and also the higher market cap shows the upward trend at least for now.

lucifochrome

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I think that this is the correction. It will be on 4k for few days before going up to 4.5k which will stay for another week before it gradually go up to 5k. I'm hoping that it will reach 5.5 by last week of september.

MostafaGamal

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i think it will touch 5000$ in the end of year .. but let's see what happen in next few days first .

Noctis Connor

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Prices is always changes by time to time you can't make it stable since we are already successfull at fork expect that bitcoin price will be always increasing because some of country are now starting to mine and forgeting about the business and sometimes they do implement bitcoin from their company for them to earn more.

cybersofts

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Quote from: Elena_Rodriguez on August 22, 2017, 04:31:28 AM

The bitcoin price is back below $4000. According to a period of high records, declination on average prices across global exchanges at the start trading on August 22. It was already dipped more than $150 from the day’s open. At the time of writing article, bitcoin was trading at $3861.87 as it was its lowest price since April 15.

Yes, sometimes things like that happened. Bitcoin price is dropping because every time when the price reaches the highest level it drops.
When the value of bitcoin gets higher a lot bitcoin holder will start to sell and make profit from that, and then buy bitcoins when the value dips more.
Some people practice that as a form of business, sell bitcoin when the price is high and buy bitcoin when the price is low and vice-versa.

virtualkeybuyer

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Quote from: Catmony on August 22, 2017, 05:19:07 AM

But price is already recovering from the dump, I think this one is usual correction after a long bull run. Price might settle between $4000 and $4500 for next few weeks before pumping over $5000.

Well I think that it is an ordinary thing. it keeps happening. Dumping is a part. So we should not be worried about it. Remember the last month it was below 3000$ and people thought that I won’t increase any more but it got doubled. So just wait and watch it will be doubled again. And it already has remained in range of 4000-4500$ this month so I think it will directly touch 5000$. This the way it recovers.

Qartersa

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Quote from: Elena_Rodriguez on August 22, 2017, 04:31:28 AM

The bitcoin price is back below $4000. According to a period of high records, declination on average prices across global exchanges at the start trading on August 22. It was already dipped more than $150 from the day’s open. At the time of writing article, bitcoin was trading at $3861.87 as it was its lowest price since April 15.

Well it is climbing back up. Dipped till about $3,700 but went straight back up to $3990+ levels. So I guess it was just a temporary drop. I should have bought when prices were down by $3,700, but I chickened out and didn't. Oh well, I don't have the heart of a true trader, I guess. Though I have high hopes that prices will go up some more until the actual activation of segwit happens in a few months.

Trela

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Quote from: Linuld on August 22, 2017, 12:13:35 PM

Quote from: bitcoinisbest on August 22, 2017, 12:04:47 PM

Quote from: senin on August 22, 2017, 11:37:47 AM

It seems to me that now is the time to buy bitcoin while it sank to 3900. In the near future it will again go up.

Yes there was a small correction in the price which took place, but if you after that prices have started to recover and it has started to reached towards 4k mark back again. So actually it was a very good buying opportunity when it fell till 3700$ and within couple of days one could have easily earned 300$ per btc.

There is a chance to go below $3500 or else again it will increase and go up to $4500. So now if you buy coins you will make minimum $500 profit in 1 month. Or else if the wait for some time you have good luck the price still go down and get a chance to buy lower price it is profitable.

$500 in one month, hmm... I think wait long time for take this profit do not better than choose other altcoin on market at now. You can see the bullish trend has comeback in past day, special Monero has pumped x2 in few hours lol.

Linuld

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Quote from: bitcoinisbest on August 22, 2017, 12:04:47 PM

Quote from: senin on August 22, 2017, 11:37:47 AM

It seems to me that now is the time to buy bitcoin while it sank to 3900. In the near future it will again go up.

Yes there was a small correction in the price which took place, but if you after that prices have started to recover and it has started to reached towards 4k mark back again. So actually it was a very good buying opportunity when it fell till 3700$ and within couple of days one could have easily earned 300$ per btc.

There is a chance to go below $3500 or else again it will increase and go up to $4500. So now if you buy coins you will make minimum $500 profit in 1 month. Or else if the wait for some time you have good luck the price still go down and get a chance to buy lower price it is profitable.

bitcoinisbest

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Quote from: senin on August 22, 2017, 11:37:47 AM

It seems to me that now is the time to buy bitcoin while it sank to 3900. In the near future it will again go up.

Yes there was a small correction in the price which took place, but if you after that prices have started to recover and it has started to reached towards 4k mark back again. So actually it was a very good buying opportunity when it fell till 3700$ and within couple of days one could have easily earned 300$ per btc.

iram1011

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It is just a small fluctuation which is quite normal in Bitcoin. Why to make a fuss of it? We will keep on seeing these short term ups and downs till it touches $5000 which is quite possible in next month. There is an increased interest of investors in cryptocurrencies recently. Price is set to increase in future as well. These dips provide the best opportunity to buy more.

senin

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It seems to me that now is the time to buy bitcoin while it sank to 3900. In the near future it will again go up.

Kprawn

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You can blame the greedy miners for this. They have shifted a large amount of hashing power away from BTC mining and the

Mempool has started to grow again. You will also see a increase in the spam attacks, because they want to make a point. The

market and the community has reacted on this, because they though the scaling problems were a thing of the past. We should

get rid of these miners or get some real competition for them soon. We cannot allow them to sabotage Bitcoin like this. Angry

Topic: Bitcoin Prices incline below $4000 to Hit 7-day low (Read 1253 times)