BTC Price drops $300 - page 2. | Bitcointalksearch.org

Rahar02

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Quote from: Thelmassey on June 12, 2017, 08:35:33 AM

I am one of the people waiting to see it reach the $1500 mark so that I can finally own a few, honestly speaking I have been waiting for quite some time now. It seems like the price is no longer going below the $2000 mark.

Bitcoin has very small chance to drop back at $1500 and the last correction was brought back bitcoin to $1800 as the lowest price.
Even $2000 won't happen if there is no big problem occurs that makes people afraid to loss and panic sell.
However, bitcoin already recover a bit after dropped $300, I just see it as the way for some people who want to get profits by sell their bitcoin and buy back at lower price.

n0ne

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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.

VenceyBit

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I'm guessing Bitcoin will be down moon for the next few weeks. Give the BEARS a chance. We cant keep going up. Same pattern again and again,just buy those dips.

senyorito123

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Quote from: BitMaxz on June 12, 2017, 06:16:38 PM

Quote from: stergium on June 12, 2017, 06:04:05 PM

Quote from: lionheart78 on June 12, 2017, 05:26:13 PM

Well drop is what they called correction, but I think some ICO project is cashing out Cheesy

, or probably whales is playing their trick again. Anyway, lets just hope this is either correction or whales playing the market because if it is the whales then we can surely see another surge in price of Bitcoin in the following week.

that is just normal for bitcoin, some time the price of bitcoin even drop much more but now people are use to with bitcoin and they are not going for panic selling and are holding bitcoin in any case.

For now they are not panic sell and they know they will lose if they sell bitcoin .. i watched the price drop few hours ago but i already sold few of my bitcoin after that few minutes the price gradually crashed. but i think its just a small crash and its a good time again to buy bitcoins for a little bit low price. . the good thing is coinbase are not letting more crash happen because i saw after i sold bitcoin coinbase is unable before the crash happen..

I dont see any panic Selling happening right now but the way I see it those people who sold their coins a re pretty much contented for the profits they earned for this day, But surely bitcoins price would cameback to its phase and actually the record set last night is pretty much good and surely it added more good + stand up for this one and possibilities that price would soar again for next time around.

BitMaxz

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Quote from: stergium on June 12, 2017, 06:04:05 PM

Quote from: lionheart78 on June 12, 2017, 05:26:13 PM

Well drop is what they called correction, but I think some ICO project is cashing out Cheesy

, or probably whales is playing their trick again. Anyway, lets just hope this is either correction or whales playing the market because if it is the whales then we can surely see another surge in price of Bitcoin in the following week.

that is just normal for bitcoin, some time the price of bitcoin even drop much more but now people are use to with bitcoin and they are not going for panic selling and are holding bitcoin in any case.

For now they are not panic sell and they know they will lose if they sell bitcoin .. i watched the price drop few hours ago but i already sold few of my bitcoin after that few minutes the price gradually crashed. but i think its just a small crash and its a good time again to buy bitcoins for a little bit low price. . the good thing is coinbase are not letting more crash happen because i saw after i sold bitcoin coinbase is unable before the crash happen..

Bezobraznike

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Quote from: stergium on June 12, 2017, 06:04:05 PM

Quote from: lionheart78 on June 12, 2017, 05:26:13 PM

Well drop is what they called correction, but I think some ICO project is cashing out Cheesy

, or probably whales is playing their trick again. Anyway, lets just hope this is either correction or whales playing the market because if it is the whales then we can surely see another surge in price of Bitcoin in the following week.

that is just normal for bitcoin, some time the price of bitcoin even drop much more but now people are use to with bitcoin and they are not going for panic selling and are holding bitcoin in any case.

It`s happening with BTC price all the time, I was watching graphics a lot, and looks like bitcoin price was never stable for more then a few days. Price tend to go up for some time, then drop, then up
again and like that for years. I don`t understand corrections and what whales actually do, I understand that price moving is what make so many people to talk about here, and all over the world.

stergium

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Quote from: lionheart78 on June 12, 2017, 05:26:13 PM

Well drop is what they called correction, but I think some ICO project is cashing out Cheesy

, or probably whales is playing their trick again. Anyway, lets just hope this is either correction or whales playing the market because if it is the whales then we can surely see another surge in price of Bitcoin in the following week.

that is just normal for bitcoin, some time the price of bitcoin even drop much more but now people are use to with bitcoin and they are not going for panic selling and are holding bitcoin in any case. the big whale cannot now manipulate the price of bitcoin. even the small investors are now combine giving a good support to bitcoin. i am sure that even in this year we are going to hit 5000 $. therefore those people who will hold bitcoin right now will be in profit.

tabas

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Quote from: lionheart78 on June 12, 2017, 05:26:13 PM

Well drop is what they called correction, but I think some ICO project is cashing out Cheesy

, or probably whales is playing their trick again. Anyway, lets just hope this is either correction or whales playing the market because if it is the whales then we can surely see another surge in price of Bitcoin in the following week.

Damn that makes my heart troubled and make me want to sell some of my bitcoin. I haven't sold bitcoin lately as I keep on believing with the long ter holding. I hope that this is just a correction and these whales will not let other crypto currency to surpass bitcoin. I will be patient and will wait for another increase.

lionheart78

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Well drop is what they called correction, but I think some ICO project is cashing out Cheesy

, or probably whales is playing their trick again. Anyway, lets just hope this is either correction or whales playing the market because if it is the whales then we can surely see another surge in price of Bitcoin in the following week.

Slow death

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Quote from: FrankNoland on June 12, 2017, 08:26:12 AM

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.

Hummm something normal, when i saw the title as I was doing something else on the pc did not pay attention and thought you had said that bitcoin drop to $300, I almost launched my phone

1Referee

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Quote from: FrankNoland on June 12, 2017, 09:38:59 AM

yeah, the problem here is the $300 drop in one hour, atleast if it was in a weeks period, then I would understand, 1hour Shocked

?

To you the price going down a few hundred bucks may seem like a whole thing, but the reality is that it is all part of the market. If you look at the overall buy support, then you'll see that it's piss poor on each and every level. Relatively small dumps cut through the price like a hot knife does through butter. In that regard, prepare yourself for even more in the coming years. If the price at some point reaches the $10,000 levels, you'll see the same easy 10% dumps, but where the price goes down with $300 right now, it will then sink with $1000 in a matter of an hour.

Weatherby

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Bitcoin is trading at a range for a very long time and it is not that surprising that we saw a small correction after touching three thousand dollars,expect these sort of movements in the market unless and until there is a big push from either side,until then the market will repeat itself reaching close to $3000 and having a small correction and then climbs back.

richardsNY

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Quote from: ~Bitcoin~ on June 12, 2017, 12:47:48 PM

It is always advised to hold half fiat and half in bitcoin to buy cheap bitcoin or other alts during dump/correction like this one. This opens up opportunity for new investors to get into bitcoin/crypto while old investors will enjoy profit they make on this swings. Grin

In the same way that you should never buy with everything at once, you also have to avoid selling everything at once. In this case you enjoy buying at lower levels, and in the other case you enjoy as in being able to secure profits at even higher levels. It's a common sense practice, but still, people keep making the same fault by buying or selling everything at once....

richsoon

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Quote from: adroitful_one on June 12, 2017, 12:35:56 PM

It was all because of the ETH rally. People selling their BTC to buy into ETH. The price will probably correct to the almost $3,000 mark here in a few days. This just tends to happen when a big coin gets boosted. People are going to panic and fomo will kick in.

Partly yes but I would also say it was just a general healthy market correction that will ultimately prevent a much bigger dump in the future.

The bancor ICO also made people reconsider a lot of things.

stompix

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Quote from: adroitful_one on June 12, 2017, 12:35:56 PM

It was all because of the ETH rally. People selling their BTC to buy into ETH. The price will probably correct to the almost $3,000 mark here in a few days. This just tends to happen when a big coin gets boosted. People are going to panic and fomo will kick in.

It makes absolutely no sense.
Bitcoin is dropping against the usd and you can buy eth directly with btc without converting to fiat.

So how is this "eth rally" really affecting bitcoin?

Quote from: boyptc on June 12, 2017, 09:45:57 AM

Quote from: FrankNoland on June 12, 2017, 08:26:12 AM

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$

~Bitcoin~

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It is always advised to hold half fiat and half in bitcoin to buy cheap bitcoin or other alts during dump/correction like this one. This opens up opportunity for new investors to get into bitcoin/crypto while old investors will enjoy profit they make on this swings. Grin

goinmerry

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I doubt those people waiting for $1,500 will really buy bitcoin at that price. If ever they will have a mindset like that, surely the moment the price reached that level, they will still wait since they think the market is downtrend. Too much waiting now and what happened next? Big price increase happened later on and now they are all late and left regrets.

Don't set too much price targer if you can't clearly see that based on the current price movement. As long as you think that the price is good for you to set your buys then just do it and just watched it later on.

adroitful_one

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It was all because of the ETH rally. People selling their BTC to buy into ETH. The price will probably correct to the almost $3,000 mark here in a few days. This just tends to happen when a big coin gets boosted. People are going to panic and fomo will kick in.

jc89

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Quote from: FrankNoland on June 12, 2017, 08:26:12 AM

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.

Declining and reaching the 1500 dollar mark is a bit too much dump on Bitcoin's price. If that happens, damn, I shouldn't buy back bitcoin so early. Though this is a good news for some who intends to buy some bitcoin at a low price and a bad news for any regular user that hates bitcoin to go down. Bitcoin has many users now and has a big demand for it so declining so much is not in the picture anymore. Around 2000 USD is much more possible but going down beyond that is doubtful to me.

Kemarit

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Quote from: FrankNoland on June 12, 2017, 09:38:59 AM

Quote from: 1Referee on June 12, 2017, 08:50:52 AM

Quote from: FrankNoland on June 12, 2017, 08:26:12 AM

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...

yeah, the problem here is the $300 drop in one hour, atleast if it was in a weeks period, then I would understand, 1hour Shocked

?

Maybe this is some correction again that we are seeing. That is what I afraid of before. People has the tendency to sell when $3000 barrier is reached. I see that it was break in few exchanges, so maybe casual investors just decided to dump their coins. But I think there will be some resistance and I think the price could hold around $2500-$2600. And gradually rise again in the next weeks to reached the mental barrier that is $3000. I hope this dumping is short lived just like the previous crash in May. We will see.

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