Topic: BTC Price drops $300 (Read 2912 times)
A sudden decline and boost on Bitcoin's price has become too normal nowadays. Most are just overlooking the charts. Bitcoin has enough demand worldwide to support its price and do not go beneath the 2000 USD borderline. Bitcoin will just have ups and downs for this month and when July steps in, we will see an increase in Bitcoin's price. Bitcoin might just reach the 3000 USD mark on July. Just hold and enjoy a bumpy ride for the moment.
I am also looking at bitcoinwisdom checking the prices on different exchanges like bitstamp, BTC-e, Bitfinex, and OKCoin, it seemd the price recovered a bit after dropping, does this mean bitcoin is facing a bearish trend now? Correction after correction, well, I just hope it won't fall down lower than 2500 USD.
Even I am using Bitcoinwisdom for my analysis. I changed the time interval to 3 days, and there is no decline in sight. It is almost a straight line, pointing upwards. That means that the overall trend is still positive. After I changed the interval to 1 day, the current decline is visible. But I don't think that it is going to last very long.
We seem to have dropped another $100 today, to reach $2600.
Bitfinex even slipped to $2421 where it got a slight bump to $2530 just now. Everyone was already speculating about reaching the $3000 mark easily, but turns out, nothing comes easy in terms of Bitcoin.There is a good level of demand, sentiment and momentum needed to make the price push through the $3000 mark. I am actually happy that it didn't do so yet as I right now prefer consolidation over another rush.
Good post BitHodler, I agree that it's better to consolidate & build support levels around the mid $2000's, nobody wants to see epic dumps.
I am also looking at bitcoinwisdom checking the prices on different exchanges like bitstamp, BTC-e, Bitfinex, and OKCoin, it seemd the price recovered a bit after dropping, does this mean bitcoin is facing a bearish trend now? Correction after correction, well, I just hope it won't fall down lower than 2500 USD.
We seem to have dropped another $100 today, to reach $2600.
Bitfinex even slipped to $2421 where it got a slight bump to $2530 just now. Everyone was already speculating about reaching the $3000 mark easily, but turns out, nothing comes easy in terms of Bitcoin.There is a good level of demand, sentiment and momentum needed to make the price push through the $3000 mark. I am actually happy that it didn't do so yet as I right now prefer consolidation over another rush.
Last time trhe price touched $300 was late 2015, I think. Seems to be a distant past nowadays with the price soaring over 10 times in a span of less than two years. For the price to go really low again, something drastic would have to happen, which is really unlikely right now, what with all the adoption going on in several parts of the world.
The OP is talking about the price of bitcoin decreasing by $300, not to $300. After crossing $3k, we did see an immediate correction.
We seem to have dropped another $100 today, to reach $2600.
one would think you are used already to such swings in bitcoin price
this is nothing out of the ordinary and probably has a very simple explanation (apart from bitcoin being a bubble and all):
many players and traders sold some bitcoins to cath the ETH rally train
once the excitement subsided we should see the price go up back to 2900-2950$ if not more
I doubt it will drop to 1500 any time soon,unless the hardfork proves to completely screw the things up,which it should not
this is nothing out of the ordinary and probably has a very simple explanation (apart from bitcoin being a bubble and all):
many players and traders sold some bitcoins to cath the ETH rally train
once the excitement subsided we should see the price go up back to 2900-2950$ if not more
I doubt it will drop to 1500 any time soon,unless the hardfork proves to completely screw the things up,which it should not
Last time trhe price touched $300 was late 2015, I think. Seems to be a distant past nowadays with the price soaring over 10 times in a span of less than two years. For the price to go really low again, something drastic would have to happen, which is really unlikely right now, what with all the adoption going on in several parts of the world.
It felt like only yesterday where everyone was cheering for the 2000$ mark. Sometimes we forget the anxieties a few ATHs later.
If we can't get past 3000 this month, there's nothing to be worried about. Bitcoin must drop in price every now and then to encourage buyers too. More buyers = eventual higher values.
If we can't get past 3000 this month, there's nothing to be worried about. Bitcoin must drop in price every now and then to encourage buyers too. More buyers = eventual higher values.
Earlier today, Bitcoin price was close $3000 and reached $3000 in some exchanges, and it's now dropping. This is not good. For how long is going to keep on doing this? But I know it's a good thing for those who are willing to buy their first BTC. Hopefully they just can't wait until it reaches the $1500 mark.
Are you nervous? Don't be nervous just because the price went back $300. It's now trying to recover, just expect when there's no movement of price and it became stable for a couple of days or weeks next movement will be down. And this is good for those investors that wants to buy bitcoin as they will be given a chance to buy with smaller price.Well , it went down to 2284 on bitfinex so that's more like 700$
That's a big bullish move but currently the price of bitcoin now is trying to make a new floor. I think we are already on the safe haven of $2,500 as the new floor price of bitcoin. And the price now is good and playing from $2,690 - $2,720 and it gets higher from time to time. So there's no need to worry with this normal move.
Earlier today, Bitcoin price was close $3000 and reached $3000 in some exchanges, and it's now dropping. This is not good. For how long is going to keep on doing this? But I know it's a good thing for those who are willing to buy their first BTC. Hopefully they just can't wait until it reaches the $1500 mark.
As you mentioned i think the consensus here is that if bitcoin prices ever hit that low, people will buy in. Bitcoin has a lot of supporters, no doubt. Even if we only have a few thousand dollars each if we all buy in when the price plummets it'll stabilize the price is little and hopefully make bitcoin recover.
However, your worry is probably in the distant future. I can't even imagine what $1,500 per bitcoin would be like right now, even though we were at that price point around a month and a half ago. Crazy how things go by so quick, it's almost scary. Seems like that $3,000 is new short term ceiling for BTC. I don't think that we're over with this pump yet. In the next few weeks, things will be very interesting. How the UASF goes though will be crucial to whether btc sustains this sort of price or gets dumped. Two chains are probably going to be split as a result, and it's going to be a hassle managing two wallets at once for the same btc.
Earlier today, Bitcoin price was close $3000 and reached $3000 in some exchanges, and it's now dropping. This is not good. For how long is going to keep on doing this? But I know it's a good thing for those who are willing to buy their first BTC. Hopefully they just can't wait until it reaches the $1500 mark.
The thing is a lot of people aren't expecting this price drop andi 've seen a lot that are actually quite happy because of it. I would be happy too if it went down back to $1500 because i missed out on a ton of buying opportunities throughout the pump. I'm just probably going to stock up on bitcoin for cheap and hold it till the next big pump comes if it does happen to go that low.
Extremely unlikely though that it will reach that low. Absolutely floor is pretty much set at $2,000 and it's pretty immutable atm. It first crashed to around $2500-2600, but now it's recovering. If speculators want to make the price of btc low they need to have a lot of btc and a lot of motivation. Not an easy task.
Earlier today, Bitcoin price was close $3000 and reached $3000 in some exchanges, and it's now dropping. This is not good. For how long is going to keep on doing this? But I know it's a good thing for those who are willing to buy their first BTC. Hopefully they just can't wait until it reaches the $1500 mark.
It's all fine when the price goes up with a few hundred bucks in a short time, but if the price goes down a few hundred bucks, it has become a problem suddenly? 10% drops are a frequent occurrence in current market circumstances, nothing to weird or special here. You can't expect all people to firmly hold their coins without cashing out a small portion of their coins at current levels. Bitcoin for most people is an investment tool after all...
Indeed. 10% fluctuations in a day are very normal for a lot of markets, and for something still as very volatile as Bitcoin, this is to be fully expected. It has shot up much more in the same period of time. As price gets higher, the 10% becomes more. Remember when it was moving hundreds of dollars at 600-1000? That's bigger swings percentage wise.
Bitcoin has been dropping and climbing since its beginnng.
I suppose it will always be that way.
Of course, on the long run bitcoin has increased its value dramatically.
And with an increased value, the value of the deflection turns larger as well.
But its percentage stays about the same.
I suppose it will always be that way.
Of course, on the long run bitcoin has increased its value dramatically.
And with an increased value, the value of the deflection turns larger as well.
But its percentage stays about the same.
Bitcoin needs healthy correction for a while. I expect strong resistance at 2200-2000 range. Having refuelled it will head for new ATH.
Earlier today, Bitcoin price was close $3000 and reached $3000 in some exchanges, and it's now dropping. This is not good. For how long is going to keep on doing this? But I know it's a good thing for those who are willing to buy their first BTC. Hopefully they just can't wait until it reaches the $1500 mark.
Waiting for 1500? I don't think soo even we saw sudden price dip of -300 it wont go back again on 1500,theres possibility but it wont happen as of now the price is climbing back again and lucky for those person who purchased on lowest price which is $2600. Don't panic brother, its just normal for price to go down sometimes,remember that bitcoins price is too volatile so expect the unexpected things anytime.Around $300 fall in the price of bitcoin is something a big volatility. This taking place when the price is getting closer to $3000 is the bad news for all the bitcoin users. This time the price retains, but we may need to wait few weeks to experience the $3000. Now a panic selling will make the market fluctuatory.
Yes, if you're a long-term investor then no need to worry about this corrections. It is quite common and expected when anything goes up so much high from its original price. It will be a range bound for some time and after stabilises around 2500 to 3000 range then it will pick up to the next level. But that may take some time and it may not happen soon.
It is normal that it goes down and up really, new people can get in at slightly lower prices and traders can earn some more. Would be quite boring if it were static.
Yeah, it would be better that it just went up and up, but this is what we have...
Yeah, it would be better that it just went up and up, but this is what we have...
Yeah price use to fluctuate normally in btc chart but yesterday marketcapital of the altcoins also has been turned to red. However, now bitcoin value has been recovered and value is around 2700$. Therefore, if you wish to sell out the bitcoins means don't do that and hold it for sometime. It gives profit to you.
It felt like only yesterday where everyone was cheering for the 2000$ mark. Sometimes we forget the anxieties a few ATHs later.
If we can't get past 3000 this month, there's nothing to be worried about. Bitcoin must drop in price every now and then to encourage buyers too. More buyers = eventual higher values.
If we can't get past 3000 this month, there's nothing to be worried about. Bitcoin must drop in price every now and then to encourage buyers too. More buyers = eventual higher values.
Very large amount, if you were some one holding 5 million bitcoins you could have a heart attack on the spot after seeing something like $1.5B lost in value of your coins, I really don't know how these whales doing it, I have less than 40 coins and that's just not really for myself but rather a gift from my fiance to literally get into my pants 
and I am now in a sad mood
You must have some balls to take these losses. However I'm not losing hope and won't dump so easily, to the moon we go!
and I am now in a sad moodYou must have some balls to take these losses. However I'm not losing hope and won't dump so easily, to the moon we go!
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