Topic: Bitcoin slips below $8,000 as investors step away from risk - page 2. (Read 545 times)
I think rejection of Etf as well as negative rumors about bitcoin are the main reasons of such stepped back by the investors. But the price will again go up as many analysts have forecasted such increase in the price.
The trading area around $7000 - 8000 is better than it was 2 months ago, and i'm sure in 2 months time we will have a higher trading ground than now. The psychological mark of 10k is just around the corner, i'm sure we will see it soon.
Yes, even though it's a downtrend, when it started at 20k, the movements were huge (20k-6k) then (6k-12k) then (12k - 6k) then (6k to 10k) and now up to 8200 so the range gets lower and lower from 14k to only 2500$ range, clearly the downtrend has to end soon unless significant news push the market down further.
The trading area around $7000 - 8000 is better than it was 2 months ago, and i'm sure in 2 months time we will have a higher trading ground than now. The psychological mark of 10k is just around the corner, i'm sure we will see it soon.
Investors stepping away from risk? That's a first 
Yup. People keep pointing to the double/triple etc. bottoms, but let's face it. Bitcoin's been trying really hard to find the "right price" to stabilise at. Every time it reaches that, it realises it's not the right price, thanks to profit takers and "investors stepping away from risk". And so it declines again before a new search. This is a long process, and could take just as long as it did in 2014 as you said, or even the sideways year of 2016. We've hardly been 6 months in this phase, should really start accepting that we'll have to be a lot more patient now.
We eventually will break the $20,000 mark but not any time soon. If you look closely at the market trend this year, we consistently have formed lower highs and lower lows, and this will continue till we bottomed for real.
It may very well be that the price hasn't gone up because of ETF speculation, but just because it was the next lower high movement of the longer term downtrend. It seems that the >2013 scenario gains ground with the month.
People need to forget about reaching new highs and start putting some fiat aside to buy lower. I know people don't like to read this, but 2018 isn't the year just like how 2014 wasn't the year after the late 2013 peak.
It may very well be that the price hasn't gone up because of ETF speculation, but just because it was the next lower high movement of the longer term downtrend. It seems that the >2013 scenario gains ground with the month.
People need to forget about reaching new highs and start putting some fiat aside to buy lower. I know people don't like to read this, but 2018 isn't the year just like how 2014 wasn't the year after the late 2013 peak.
Yup. People keep pointing to the double/triple etc. bottoms, but let's face it. Bitcoin's been trying really hard to find the "right price" to stabilise at. Every time it reaches that, it realises it's not the right price, thanks to profit takers and "investors stepping away from risk". And so it declines again before a new search. This is a long process, and could take just as long as it did in 2014 as you said, or even the sideways year of 2016. We've hardly been 6 months in this phase, should really start accepting that we'll have to be a lot more patient now.
Notging to be concerned about seeing bitcoin fall below $8,000. I still think we saw the bottom at $5,777 & in the next few months we’ll push towards $10,000 again. Next bull run will start in 2019-2020 so if you’re looking to buy then now is still a good time.
Cheap coins.
Cheap coins.
I fully support your opinion. The bitcoin price history teaches us to be patient and to wait for the next bull cycle after the price stabilization/correction.
Bitcoin value now are below 8000 dollars and after 1 weeks experiencing 8k dollars above they already down again.
But better if you if the investor will invest again to the bitcoin because this month it will become 10k dollars more.
Right now trading below $7000 levels, I am afraid of seeing again $6000 levels. I read yesterday, some newyork exchange is to list one day settling bitcoin derivatives. But, they will start from this November. I guess after ETF failed to get approved, this listing may restore faith among investors.But better if you if the investor will invest again to the bitcoin because this month it will become 10k dollars more.
My opinion regarding the withdrawal of shares by investors is common in the world of investment and understandable, but what must be considered is why investors have moved to the cause, whether it is true because of the issue or indeed they move shares to other more profitable fields, my opinion will remain waiting for crypto to get recognition by the government in the countries of the world, hopefully useful and successful for all of us
Honestly this is not really a bitcoin issue. For now the tech startups and the investments made by the venture capitalist and bubble of new silicon valley companies are going like how the ICO thing worked for us. Every venture capitalist in silicon valley throws money at tech startups hoping they will be the next big unicorn however it is not that easy to reach those levels.As soon as some of the venture capitalists get nothing in return and lose money from the horrible understanding of how tech startups works they will stop investing into those kind of tech people and start investing into more established companies to actually get a better return because known is always better. The risk is getting higher and rewards are getting scarce.
Bitcoin briefly fell below $8,000 on Monday as investors scaled back their exposure to cryptocurrenices, after a sell-off in shares of technology and internet companies spilled over into other risky assets.
Full article here https://tech-trending.com/bitcoin-slips-below-8000-as-investors-step-away-from-risk/
My opinion regarding the withdrawal of shares by investors is common in the world of investment and understandable, but what must be considered is why investors have moved to the cause, whether it is true because of the issue or indeed they move shares to other more profitable fields, my opinion will remain waiting for crypto to get recognition by the government in the countries of the world, hopefully useful and successful for all of us Full article here https://tech-trending.com/bitcoin-slips-below-8000-as-investors-step-away-from-risk/
There is always a chance for the price of bitcoins to grow back again at $20k dollars just like what happened last year and it will be depending on the investors in the market so keep on holding your coins today.
Yes, but not for today. People need to forget about reaching new highs and start putting some fiat aside to buy lower. I know people don't like to read this, but 2018 isn't the year just like how 2014 wasn't the year after the late 2013 peak.
Correct, we shouldn't take a look at that possibility for now. We'll be there for sure, many are looking for that chance that it will break $20,000 soon.But instead of waiting for that moment, we have to take some action like buying in not with alts but with fiat.
Bitcoin value now are below 8000 dollars and after 1 weeks experiencing 8k dollars above they already down again.
But better if you if the investor will invest again to the bitcoin because this month it will become 10k dollars more.
But better if you if the investor will invest again to the bitcoin because this month it will become 10k dollars more.
There is always a chance for the price of bitcoins to grow back again at $20k dollars just like what happened last year and it will be depending on the investors in the market so keep on holding your coins today.
We eventually will break the $20,000 mark but not any time soon. If you look closely at the market trend this year, we consistently have formed lower highs and lower lows, and this will continue till we bottomed for real.It may very well be that the price hasn't gone up because of ETF speculation, but just because it was the next lower high movement of the longer term downtrend. It seems that the >2013 scenario gains ground with the month.
People need to forget about reaching new highs and start putting some fiat aside to buy lower. I know people don't like to read this, but 2018 isn't the year just like how 2014 wasn't the year after the late 2013 peak.
Bitcoin briefly fell below $8,000 on Monday as investors scaled back their exposure to cryptocurrenices, after a sell-off in shares of technology and internet companies spilled over into other risky assets.
Full article here https://tech-trending.com/bitcoin-slips-below-8000-as-investors-step-away-from-risk/
Full article here https://tech-trending.com/bitcoin-slips-below-8000-as-investors-step-away-from-risk/
And just a couple of days later, it looks like Bitcoin may slip below $7000 as well. You are trying to read too much into the decline. Bitcoin definitely does not move in line with internet companies. If that was the case, Bitcoin's volatility would be a tenth of what it is now. There are many other factors driving Bitcoin's price.
Its true current bitcoin price is below $8000. But personally i feel price will rise again and its price will reach $10000 at the end of this month. So don't panic for current situation.
There is always a chance for the price of bitcoins to grow back again at $20k dollars just like what happened last year and it will be depending on the investors in the market so keep on holding your coins today.
Bitcoin has seen downs like this before too. I would rather refer to this as a correction and personally, I find nothing to fear as there are few hearings for ETF still lined up that will definitely influence the market positively.
Actually, the market span is a very common thing. Market price keeps bullying or going low. That particularly doesn't mean it has been that high or has fallen completely. The market can be stable even there is a rise and low in the price that depends on the market perspective and speculation. As per speculation, BTC market will see some lows but by the end, it will gain this year.
It was unpredictable for me. But I hope it will increase again and then many investors will come back again to invest on bitcoin.
Old investors still hold belief in bitcoin, nothing to worry about it. Some panic happens over a period of time but it will stabilize very quickly. 
The recent rejects from the ETF could be the major reason of the investors to pull out and has caused the price to fall. But the users should remain calm and should be optimistic because the price will rise.
I think the reasons for the investors to to pull their hands out could be some other.Lets not talk about the price, we should better talk about the technology to get a good picture of the bitcoin performance. Technologically it seems like bitcoin isn't working proper for the purpose it was introduced.
We had forks in the past which failed then we were expecting the lightning network to bring positive changes to bitcoin to ease the users, which failed as well. Now what are the developers doing to make Bitcoin perform better.
In my opinion until the technological issues are not resolved Bitcoin price may not progress or even if it's price go high it will not be capable to maintain that level of price and growth.
There are some other reasons as well that affect the prices but pressure from those could be reduced if Bitcoin get of technological crises.
We should demand for a better technology and not for the price, price will be automatically increase when we will be offered efficient transaction system with low fees.
These are not "investors" but speculators.
If you are pulling your money in and out out of an asset given X news, you aren't a damn investor, you are just hoping to make a quick buck.
To qualify as an investor you have to study the fundamentals and have a long term view. Obviously anyone that thinks the SEC decision on this or that ETF or future matters for Bitcoin is clearly not understanding the fundamentals of Bitcoin and not an investor by any means. They are just trying to profit from the ups and downs, that's a trader/speculator.
None of these clickbait articles go beyond the latest USD price.
If we do talk about investors between traders or speculators then there would really be a difference on how they do foresaw about crypto.
I think investor don't need to step away. The price of bitcoin will increase again. Its not a matter of concern. Bitcoin is the market leader it also deal with diffrent companies, I think price will more than 8500 in the mid of August. So keep your patience.
i can't make sense of this statement:
so are you trying to say investors pulled out of bitcoin to go into other riskier investments? or is it saying they pulled out of bitcoin because it is risky?
if it is the first then it makes no sense at all! people are never going to do that. bitcoin is risky enough with a good reward for that risk.
if it is the second then it makes even less sense because at this point the risk is minimal and even if they pulled out of bitcoin because of its risk then price should have fallen a lot more.
Quote
Bitcoin slips below $8,000 as investors step away from risk
....
after a sell-off in shares of technology and internet companies spilled over into other risky assets.
....
after a sell-off in shares of technology and internet companies spilled over into other risky assets.
so are you trying to say investors pulled out of bitcoin to go into other riskier investments? or is it saying they pulled out of bitcoin because it is risky?
if it is the first then it makes no sense at all! people are never going to do that. bitcoin is risky enough with a good reward for that risk.
if it is the second then it makes even less sense because at this point the risk is minimal and even if they pulled out of bitcoin because of its risk then price should have fallen a lot more.
Another example of how the press like to find whatever they can to explain something. And how they oftentimes fail at doing it because they have no idea about what they report on.
It's the second one from what I can understand. Tech shares were sold off, and so were risky assets, such as bitcoin (as they claim). Bitcoin is often labeled as high risk because it likes to go up quickly.
Honestly, we should stop reading too much into the news. They like to make connections for us that don't make sense if you pause for a moment and think about them.
The recent rejects from the ETF could be the major reason of the investors to pull out and has caused the price to fall. But the users should remain calm and should be optimistic because the price will rise.
I think the reasons for the investors to to pull their hands out could be some other.Lets not talk about the price, we should better talk about the technology to get a good picture of the bitcoin performance. Technologically it seems like bitcoin isn't working proper for the purpose it was introduced.
We had forks in the past which failed then we were expecting the lightning network to bring positive changes to bitcoin to ease the users, which failed as well. Now what are the developers doing to make Bitcoin perform better.
In my opinion until the technological issues are not resolved Bitcoin price may not progress or even if it's price go high it will not be capable to maintain that level of price and growth.
There are some other reasons as well that affect the prices but pressure from those could be reduced if Bitcoin get of technological crises.
We should demand for a better technology and not for the price, price will be automatically increase when we will be offered efficient transaction system with low fees.
These are not "investors" but speculators.
If you are pulling your money in and out out of an asset given X news, you aren't a damn investor, you are just hoping to make a quick buck.
To qualify as an investor you have to study the fundamentals and have a long term view. Obviously anyone that thinks the SEC decision on this or that ETF or future matters for Bitcoin is clearly not understanding the fundamentals of Bitcoin and not an investor by any means. They are just trying to profit from the ups and downs, that's a trader/speculator.
None of these clickbait articles go beyond the latest USD price.
ETF fomo ended and prices will fall more.
There is no action on mtgox side and if they start to sell some bitcoins we will see more price drops.
I hope they will not sell bitcoin and will give back bitcoins to victims of mtgox.
There is no action on mtgox side and if they start to sell some bitcoins we will see more price drops.
I hope they will not sell bitcoin and will give back bitcoins to victims of mtgox.
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