Topic: Calling the bottom here. Currently at $3344 - page 3. (Read 2152 times)

It's not going to fall below $2000. It feel by 30% in the morning and now its further down to $3200 as people are busy dumping because of the FUD and Chinese ban which was the BTCC ban and not bitcoins. Still the drop seen today was not the case when the news broke out. Today there's something so abnormal in the market and a 30% decline is certainly not the first case. In June-July, it rose by 40% and in 2013, again because of China it dropped by 40% and took 2 years to recover: https://www.washingtonpost.com/news/the-switch/wp/2013/12/18/bitcoin-value-drops-40-percent-after-more-bad-news-from-china/?utm_term=.42890a9361c3

I got pretty close to it.

Everytime BTC gets to an all time high that is much greater than previous it goes back down within the same day or two days.

Soon as it neared 5K that is when most people have no more fiat to buy in, so naturally the demand goes down while supply stays the same = price decrease.

I also was factoring in that BTC-E dump coming from everyone getting their coins back and dumping them and using the fiat to buy things, so that contributes to it a lot.

Random CHina news just made it go down even more.

Iwas reading my text messages from last week to my buddy telling him to sell 50% now because the signs are showing again that the price is going to go down. I did the same.

Sitting in UDST on exchanges, buying a little bit back in now, and will buy more in once Sept 15th + a few days go by(Sept 15th supposed date of when exchange is open again for everything and tokens given out).

Pricce should continue to go down for a few days or a week after Sept 15th. ETHbig update supposedly by end of month, barring any more bad news, ETH should double or triple within the next 4 to 6 weeks.

Of course, nobody should listen to me, and everyone shoould know there is always random factors at play. The best anyone can do is read lots and lots of news, analyze sell volume data in spread sheets, look at charts, blah.

I agree with you i don't see it drop till 2000 it would be very surprising, people got afraid from this week news, but market will stabilise. Chinese will not sell all their bitcoin

It's nice that you all want to call the bottom, but did any of you genius technical analysts call the TOP??

"The time to buy is when there is blood in the streets"

Baron Rothschild

I don't think we're yet at the digital equivalent of blood in the streets but this is still a buying opportunity.

this drop is very crazy. so feels, some people cursed china.
this is what happens, but if we refer to the exchanges. things that happen now are part of the risk we must accept.

I doubt the bitcoin will go up for this year. The beginning of the year is the rise of bitcoin.

Finally price sliding is moving like what we see in the year 2013. I hope this will recover and settle in pretty decent value with in some weeks. Now really hate the China and JPmorgan who are spreading rumours about bitcoin and legal works done bitcoin. They does not support yet but atleast they should trouble the bitcoin users.

Maybe, the news of that being the price drop on Bitcoin doesn’t really seem so bad considering how many other people in the world use Bitcoin.
Though know that I remember that Bitcoin is primarly used for HYIIP’s or whatever their called, the people living in that region might’ve only been trying to send Bitcoins, not make money with them. So, that means that the price of Bitcoin is likely to drop during these days because the people in Chinese websites are shutting down their services because they don’t allow people to participate in ICO’s or Chinese based ICO’s for some reason.

Current price drop is an opportunity for the users to buy low. Importantly for the one who think the past price to be unaffordable because of the increased price. Now every users know how realistic is the need of Chinese market to take bitcoin towards the peak. Hope the growth once again starts to rocket in a short.

When is it going to recover? I think this is more important than the lowest point it can reach before that. Will it happen within a month? Can btc reach $4500 in the middle of October? What are your thoughts on this matter? Currently the situation look bad even though Chinese don't have a need to sell btc right now. I realize it's a stop of trading on an exchange platform but is there really anything the government said against it? I guess not.

That would be a very loafty amount to invest in. Although the price is going lower than most people thought it would, there is a chance that the price could get to a point where we could purchase some coins around 2 thousand dollars. The price will go up though too many people look like is going to keep dumping their coins since pretty much nothing else is really going on.
The panic sell could bring the price lower to 2 thousand dollars if it happens so this could be an interesting price to begin your first investment –that is, if it happens.

I'd say it touches $2500, but sub $2000 prices would surprise me.

I'd also add that you can't really compare the price of bitcoin at the start of the year to the price today because each bitcoin at the start of the year has turned into Bitcoin Cash and Bitcoin Core. You need to add the 2 of those together to get the current price. Even if Bitcoin Core was $600 right now, bitcoin would still be up for the year if Bitcoin Cash stayed the same price.

I call $1200 after Segwit2X resolution November.  If there is a fork it goes even lower. 

• China will be selling until all the exchanges close, this will take a bit 
• China won't be buying, so obviously you lose a ton of buyers
• Prolonged uncertainty, HODL meme sheep will start capitulating
• Will take a bit for people to get money out their trezors, etc 
• Veteran buyers will be wary, new buyers will be scared off - Bitcoin headlines
• Downward pressure miners who need to sell and lack of buyers, whales selling

Maybe a shorter period bear market than last time (months) before a more healthy slow build up. 

Guaranteed not.

(Buy cheap Bitcoin Cash instead!!)

$1400-$1600

though that will be the lowest dip. closer to $1800 for the voluminous "level"

on bitcoinity. On coinmarketcap it is $3372. It is jumping around pretty quickly.

I call the bottom at $1900 in 5 days before it stabilizes for a least a little bit.

This is still way up for the year. It started out the year under $1000.