BTC Price drop? - page 7. | Bitcointalksearch.org

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Quote from: amacar2 on October 18, 2017, 03:15:37 AM

Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

Its just some big whales dumping their holding or cashing out their profit from this short term huge rally, current pump on price was only supported by high speculation over comming hard fork so bigger dump than this one is quite guaranteed after the hard fork.

I definitely agree with you buddy. "Its just some big whales dumping their holding or cashing out their profit from this short term huge rally..." It will reach and possible even break through $6000 by December. The price drop is healthy and there is no need to worry about it.

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Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today?

It's a simple move that the whales are doing, they are getting their profit altogether so that made the price lower because the supply of bitcoin is starting to have a lot again in the circulation. This will probably the last dip for this month as we are new to the hard fork of bitcoin gold.

Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Are people scared by the hard fork or why is it dropping?

No, they are not scared by the hard fork. It's just trading and profiting out of the peak of bitcoin's price and you have to expect this in the future that when the price of bitcoin is pumping, there will be profit takers that will sell their bitcoins.

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Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

No, i doubt that the hard fork has anything to do with the actual price drop but i am pretty sure that it is related to big whales cashing out for some profit.
I think the price will increase again after a short time. Wink

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Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

A few days ago everyone was saying that the reason for the big Bitcoin increase was because of the upcoming hard fork because people wanted as much Bitcoin as they could get so they could get the forked coin as well.

So I don’t think the drop is because of the hard fork. In fact, the price rise may not have been due to the hard fork either since it’s still a week away.

It’s most likely that the increase and the drop are just the normal fluctuations in Bitcoin price. When Bitcoin has a big increase, it is often followed by a correction.

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Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

In the first place, the drop is expected as always so this is just a normal scene whenever there is a strong pump happening. No reason at all except for usual dumping activity once panic was triggered.

Although past performance can't always guarantee future results, we must take that past performance as reference so that we have an idea why such a price drop will happened on the way.

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Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

We can't expect bitcoin price to keep rising every day?It's simple some people are cashing out their profits but my prediction is price will soon hit 6K$ before upcoming BGold hardfork.Whales always benefit from week hands and nothing new is happening today.It's same thing and other alts are dropping too because they are too dependent on bitcoin price.

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correction and some whales cashing out their big earnings and then wait for another opportunities as they knew that when newcomers see that the
value is moving down people will start to panic and they can grab those dumped coins again and pushed the value up, wise assessment is needed
if you are already trapped better to buy more while the value is cheap.

cipher-x_09

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It's trading business it is not gonna be always rising price its only natural not that I am that you not worry about but not worry that much because again it's only natural for the trading industry. Maybe because people are not in the mood for selling their bitcoin because they want to keep it for a better purpose or maybe their just waiting for the price increase. Either we should just watch the increase/decrease of bitcoin.

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Why can't the market not just experience some normal volatility? From the all time high that we reached some days ago, it's not even a 10% decline to where we stand right now. People should really start to look at the actual facts instead of asking why the price is going down. At current levels when the price goes down with $500, it looks like it's a lot, but in reality it's not even a 10% downward movement. At some point when we're hovering around the $20,000 level, the same 10% swings means that the market goes up or down with $2000. Back in the days these 10% were just a $40 to $50 movement, but we're much further now - learn to adapt to the current market.

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Quote from: pooya87 on October 18, 2017, 03:54:26 AM

have you even heard of the word "correction".
that is what's happening here. price went up from $4xxx level to $5500+ and now as the traders sell to take the profit, price comes down. in bitcoin whenever price comes down some panic and think it is the end, and probably some FUD accompany it which doesn't make thins easier either.

that means, price drops as you can see now. but as long as price is still in $5xxx level, it is not something worth talking about.

agree with you sir , this is not worth talking about , bitcoin just down 0.3% just made the topic , bitcoin does not died that easy , if bitcoin down to $1000 well this is new good news for me , getting dump the bitcoin is actually good for companies that have big money and are investing in bitcoin

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Simply a correction, price spiked too high too quick. Expect the price to settle down somewhere around about 5k, perhaps lower if BTC gold really is as bad as some expect.

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Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

a correction, it happens everytime after a big spike in the price, we might fall to 5000$ or even lower by the end of the week. Just know that this was bound to happen and it's normal. For now, you can chill and hold your coins, or if you're smart, buy some more coins.

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For those who believe in the TD count, we just got a 9 on the 4 hours chart

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Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

The current price is indeed decreasing and bitcoin prices are already under 5500 $. but I'm not worried because the decline of this amount is fairly normal and not too significant. there are still plenty of opportunities to see higher bitcoin prices. hardfork does make some people panic because we know that when bitcoincash is formed first, bitcoin prices have decreased significantly. but in the end the price increases again. we must have a good level of patience and I hope all traders in the world today do not take excessive sell actions because to avoid price drops that are too over in the market.

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maybe its correction price before the fork because I see in bittrex and poloniex, it seems the trends is going down, I am not sure how much it will drop but I hope the price is not below than $5000. we are now at $52xx and still going down, the line show down pattern and in the other side, altcoin give positive respond to this and some of the altcoin is going to increase. the highest price so far is $57xx so we can hope if this is the correction, then the price will increase back and even more higher than before.

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Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

yes probably but not all because i heard that you can recieve bitcoin gold/bitcoin2x in your wallet or on some online exchange equivalent to your current balance left after the fork if only you dont withdraw or move your balance yet. but there were still some people are scared and nervous thinking that their remaining bitcoin on their wallet will lost or something bad will happen, thats why they are withdrawing it early as posible or before the fork happens.

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Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

There is no special reason why btc price dropped today. Retraction of this level is normal when a lot of actions occured in the past few days. In the whole history of bitcoin and crypto, corrections are common when there are crazy price movements that have happened so people getting scared by the hard fork is not the real reason for btc's dropping price. Therefore, the chance of btc price dropping more I think is less, better hold what you got OP.

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BTC price rose too much too quickly, it was inevitable a correction would occur, many people do not expect large returns from the fork and they're getting out beforehand.

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It's likely to be just profit taking. Bitcoin went up like 20%+ in just a couple of weeks. Stuff that goes up too fast tends to go down fast, so people take profits from time to time.

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Quote from: amacar2 on October 18, 2017, 03:15:37 AM

Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

Its just some big whales dumping their holding or cashing out their profit from this short term huge rally, current pump on price was only supported by high speculation over comming hard fork so bigger dump than this one is quite guaranteed after the hard fork.

Does it mean there is no need to worry and the price will rise again?

Topic: BTC Price drop? - page 7. (Read 3770 times)