Bitcoin Prices incline below $4000 to Hit 7-day low - page 2.

Similificator

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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.

April 15?? You must mean august 15? Well, if you are referring to the date august 15, then this is not something that should be afraid of. I mean, it's not even shocking. Because thi happens a lot to bitcoin and it is nothing new. This is just a small price correction. And if you have checked, you would see that bitcoin has already shown its resiliency to this kind of problem m. And that i can absolutely recover and even become higher than it's last recorded peak price.
Also, this is not a bad thing. Instead, it is the opposite because this gives chance to investors to invest more on btc woth a lower price.

Siren

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Quote from: Tszunami98 on August 22, 2017, 07:27:38 AM

Quote from: Vishnu.Reang on August 22, 2017, 07:21:39 AM

I checked the graphs at Bitcoinwisdom. The prices went down to around $3,600, before stabilizing at $3,900-4,000 levels. The decline was much less severe than the one predicted by Goldman Sachs.

Goldman Sachs always get storys wrong about bitcoin. They always seem to find opportunities to make bitcoin look bad.
I think these variations in price are normal and the price will continue to grow reaching 5k until the end of the year if not more. The only thing that can slow down bitcoins are the altcoins that seem to have a raise in popularity among traders lately.

Goldman and Sachs always like to speculate about the price of bitcoin and they usually get it wrong. No one can predict the price of bitcoin because its really really hard. But this is back by a bank so I don't know if they have their own agenda in predicting the fall of bitcoin price.

Quote from: grermezter on August 22, 2017, 07:35:15 AM

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.

I think investors should by now be familiar with the trend on how bitcoins value rises and falls, This is the same thing that happened when it finally broke the $3000 barrier, it hovered around for some and then dip for almost a month or so and then it finally begun to rise. Newbie investors at this stage panic and start to sell.

Correct, that $3000 wall was really hard to penetrate initially, but once the wall has been breached, bitcoin surge ahead -and goes to $4000. Same thing is happening now, The $4000 - $4500 is the new mental barrier, but once again when its time to break it, we will just go as if there is no barrier and the price could go higher. No need to panic here, this is how the crypto world works.

Eugenar

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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.

It is again, increasing. Maybe these backdrops is because of the hardfork that will happen in November. And besides, dumps and declination on its price is somwehat normal for the reason that Bitcoin is Volatile. We don't need to panic at times like this. Because eventually , and as what is happening at this moment, it it increasing again, and it again reached the 4000$ mark.

Red-Apple

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Quote from: Vishnu.Reang on August 22, 2017, 07:21:39 AM

I checked the graphs at Bitcoinwisdom. The prices went down to around $3,600, before stabilizing at $3,900-4,000 levels. The decline was much less severe than the one predicted by Goldman Sachs.

one of the hardest things about bitcoin price is the fact that you can not predict it completely. you can say it will rise to $4000 but not to exact ATH of $4400 and the same time you can tell there will be a correction and price falls below $4000 but you can never predict the exact bottom.

and that is what you do in a speculation, you predict the direction price will move and then place orders in that direction. for example you spread a couple of orders from $3900 to $3600 and hope at least 60% of them are filled.

HatakeKakashi

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As of now the price decreased but if you see the price it will recover again and for sure maybe tomorrow it will back again to the current price. So if you have a lot of money you can buy more bitcoin and for sure you can earn a lot of profit in the future. More bitcoin more money to come we dont know what exact happen to the bitcoin price it depends only on the demand in the market but i hope it will increase.

grermezter

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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.

I think investors should by now be familiar with the trend on how bitcoins value rises and falls, This is the same thing that happened when it finally broke the $3000 barrier, it hovered around for some and then dip for almost a month or so and then it finally begun to rise. Newbie investors at this stage panic and start to sell.

Casalania

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i dont know the reason why its price goes down, but this is actually what the investors want to happen in bitcoin, by the time it dumps, a lot of investors will buy bitcoin and by that, the price of bitcoin will soon to increase again.

ameliana

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Many people want price Bitcoin down, I think a good chance to buy a lot of bitcoin.
And hold it until BITCOIN price goes up.

Tszunami98

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Quote from: Vishnu.Reang on August 22, 2017, 07:21:39 AM

I checked the graphs at Bitcoinwisdom. The prices went down to around $3,600, before stabilizing at $3,900-4,000 levels. The decline was much less severe than the one predicted by Goldman Sachs.

Goldman Sachs always get storys wrong about bitcoin. They always seem to find opportunities to make bitcoin look bad.
I think these variations in price are normal and the price will continue to grow reaching 5k until the end of the year if not more. The only thing that can slow down bitcoins are the altcoins that seem to have a raise in popularity among traders lately.

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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.

LOL what April 15? That price during that time hasn't reached $3000 yet so please double check what you put into the forum.

If you are referring since Aug 15 then this is nothing new for the bitcoin market. This is what you called a minor price correction. And bitcoin has demonstrated from the past that it is very resilient to this kind of instability and has the ability to recover beyond its previous all-time high after going through minor corrections.

You will also need to understand that this dip has positive effects as well. New investors can get it even you can buy bitcoin now because there are market analyst have raised their short-term price targets for bitcoin from $5,000 to $7,000.

Vishnu.Reang

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I checked the graphs at Bitcoinwisdom. The prices went down to around $3,600, before stabilizing at $3,900-4,000 levels. The decline was much less severe than the one predicted by Goldman Sachs.

BTCLovingDude

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BTC to the moon is inevitable...

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

At the time of writing article, bitcoin was trading at $3861.87 as it was its lowest price since April 15.

this is not much of an article my friend, you just reported a couple of numbers and just in a short period of time.
and when you look at things with a limited vision of course you miss a lot of stuff. what you see as a "decline" is just
a +44% rise in 30 days.
and a +90% rise in 60 days
and ....
a 280% rise in first 8 months of 2018
...
and a 600% rise compared to last year the same time.

okissabam

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Yes I think this is just a healthy price correction, so for those who wants to buy bitcoin now would be the right time to buy them. And I don't think bitcoin will go far down much further than $3500 in my opinion too.

carlisle1

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Quote from: k@suy on August 22, 2017, 05:57:48 AM

Quote from: ku8475 on August 22, 2017, 05:44:25 AM

It seems just when the scaling debate appears to be settled, another plot twist comes out of nowhere and confidence in bitcoin goes south rapidly.

As always, never don't hodl. Pop bottles, and Hodl.

I think so. There is also another bitcoin forked by November, another FUD news will be out soon about this. It will affect bitcoin price again. Also OP is correct, it is below $4,000 and I hope it will not go down further. I think there is a support at $3800.

support will be there in anyhow and they will keep buying those dumped coins from weak holders if you are in the side of believers better to keep investing
and never to panic bitcoin will bring a new ath before this year end better to keep accumulating.

k@suy

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Quote from: ku8475 on August 22, 2017, 05:44:25 AM

It seems just when the scaling debate appears to be settled, another plot twist comes out of nowhere and confidence in bitcoin goes south rapidly.

As always, never don't hodl. Pop bottles, and Hodl.

I think so. There is also another bitcoin forked by November, another FUD news will be out soon about this. It will affect bitcoin price again. Also OP is correct, it is below $4,000 and I hope it will not go down further. I think there is a support at $3800.

Apes

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Quote from: ku8475 on August 22, 2017, 05:44:25 AM

It seems just when the scaling debate appears to be settled, another plot twist comes out of nowhere and confidence in bitcoin goes south rapidly.

As always, never don't hodl. Pop bottles, and Hodl.

it seems like what you say debates scaling away the elation somewhere from the north seems to pump officials around there going green turmoil never hodl what?

Kronos21

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For me, the price of bitcoin doesn't matter. Of course when the price increases I perceive it as a nice bonus, but the main thing for me is that I can have a constant additional income in bitcoins. In any case it helps me to buy more things I needed for life.

ku8475

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It seems just when the scaling debate appears to be settled, another plot twist comes out of nowhere and confidence in bitcoin goes south rapidly.

As always, never don't hodl. Pop bottles, and Hodl.

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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.

You said was definitely true into bitcoin on which we wont able to see rising prices forever and there would really be days on which the price would drop again and its not really surprising knowing that bitcoin is volatile on any way which means price moves in different directions anytime without our notice but i dont really worried too much on these kind of events and we should be thankful because we can still able to purchase cheaper coins.

OMGyasuo

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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.

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