Can I know the reason for a fall from $650 to $600 - page 3.

TheGodFather

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Quote from: pedrog on August 02, 2016, 07:50:04 AM

There was no good reason for the price to be that high in the first place, so now it is going to some more realistic values.

There is always a reason whenever the price changes. For example, if someone sell their 50 BTC, the selling price will be now high and the buying price will be now lowered. That causes the price varies everytime.

HotGambler

newbie

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That drop i think that it is because of halvi g which maby users here in bitcointalk forum wad talking that it will come so many users are bot buying btc yet because they want buy cheaper.

iv4n

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Every drop, new threads pop up like crazy showing how people freaking out after every drop. There can be million reasons why price dropped 7 %, and people who knows that will make profit on this fluctuations like always. I still think that real effects of having need to come, so all this is warming up. Like someone said above me, now player's are buying cheap coins. And they will wait for rise, there is a thread about who hold and who sels coins, majority still holds, that says a lot about all this.

HeroCat

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The reason from price drop from 650 USD to 600 USD is demand. If BTC demand is low, price go down, in next weeks we will see, if price will go down more. In next few weeks BTC price will show the current market value for this year. Wink

davis196

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Quote from: BitGhost on August 02, 2016, 06:29:15 AM

Hello when the price was $750 and when it gone down to $650 then the reason everyone was saying as the bitfinex but now once again the price is going down can I know that what is the reason?

Going from $650 to $600 isn`t an apocalypse.

Actually it`s a pretty small price change and people shouldn`t panic.

Maybe some big player in the btc market sold his bitcoins.

TraderETH

full member

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The reasons for a fall from $650 to $600 is fluctuating of price, almost all of Instrument Investment always fluctuating so do with bitcoin. And it is nice time for buy and hold then sell on high price.

pedrog

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There was no good reason for the price to be that high in the first place, so now it is going to some more realistic values.

ipanks

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Quote from: BitGhost on August 02, 2016, 06:29:15 AM

Hello when the price was $750 and when it gone down to $650 then the reason everyone was saying as the bitfinex but now once again the price is going down can I know that what is the reason?

the reason is market panic, people panic, they think that bitcoin will fall to deep after halving, but i thinks its not. its just temporary situation. better to hold bitcoin as much as you can.

TastyChillySauce00

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Leading Crypto Sports Betting & Casino Platform

Quote from: Dudeperfect on August 02, 2016, 06:36:03 AM

I don’t know the exact reason but I believe that, this bitcoin price fluctuation is due to halving and further I think that this price fluctuation will carry on with small ups and downs on a larger time scale (in my opinion, up to the mid on 2017) and then there will be sustainable growth. I already said, we shouldn’t underestimate halving event (as it has long term effects such as this one). We might not see such effects on price chart with sharp moments but it will take place over the time. I hope that price will keep fluctuating between $500 to $800 till the end of 2017.

huh why did you think halving still give an effect even though it's just occur like a months ago and halving just not hype like before,it's just already passed and have nothing to do with current price falling

Dudeperfect

hero member

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I don’t know the exact reason but I believe that, this bitcoin price fluctuation is due to halving and further I think that this price fluctuation will carry on with small ups and downs on a larger time scale (in my opinion, up to the mid on 2017) and then there will be sustainable growth. I already said, we shouldn’t underestimate halving event (as it has long term effects such as this one). We might not see such effects on price chart with sharp moments but it will take place over the time. I hope that price will keep fluctuating between $500 to $800 till the end of 2017.

BitGhost

newbie

Activity: 9

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Hello when the price was $750 and when it gone down to $650 then the reason everyone was saying as the bitfinex but now once again the price is going down can I know that what is the reason?

Topic: Can I know the reason for a fall from $650 to $600 - page 3. (Read 1788 times)