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Topic: Current BTC price below 8K - page 3. (Read 2376 times)

jr. member
Activity: 80
Merit: 1
October 11, 2018, 09:02:53 AM
Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?
There were many sell up this year than last year and few are holding bitcoin compared to last year.  Bitcoin is going to get increases in price but when that will happen is not know.  The reject of ETF is really another factor that contributed to this falling.
We all know this, the current price is the same as that of price in March and April as we know that it shows us stability. Sometimes the price comes to 6k dollar and sometimes 6.5k dollar while few weeks ago it reached to 7k dollar so yes we can say that price is stable below 8k figure and took a long time to recover. However, it is not a permanent price which may follow increase trend nearly in future so we should make sure we have something in hands.
jr. member
Activity: 32
Merit: 1
October 11, 2018, 07:35:58 AM
Several times bitcoin have fallen down to 5,000$ and it seems the bearish market is still hovering in the market. Bitcoin has now more than 6,000$ market value and it struggles to break the 7,000$. Once it will happen, then that means bitcoin is already in the uptrend projectile.

Bitcoin is really struggling to cross $7000 mark from past couple of months and these are signs of bearish market but we all know that bitcoin will eventually cross not only $7000 but also $8000 mark if the bullrun starts but there is a random feeling considering the current downtrend that there might not be a bullrun this year.
If the price reaches to $8k, I will earn big money because I have made good money in bounty campaigns and due to low bitcoin price my total earnings are not good, but if the price hit $8k, it will be very profitable for me. I will be happy with $8k and if the price rise more than $8k, I will earn more money just waiting little more. I think that the price will cross $8k till December this year.
jr. member
Activity: 82
Merit: 2
October 11, 2018, 06:55:24 AM
Sadly, the price of Bitcoin has now fallen below $6300, which is a very bad phenomenon, which means that many people are starting to give up Bitcoin!

Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.
You are right; the price will now increase day by day. I know there are some corrections in the price but overall the price will go up. Today the price is about $6600 and may it down tomorrow to $6500 because yesterday it was about $6300. If the price reach to $8000 it will be quite good and people will revert to bitcoin and will put their money again in bitcoin.
hero member
Activity: 1148
Merit: 528
October 10, 2018, 07:55:15 AM
A second ETF application was rejected further and the market reacted more to it than the first...
A new ETF application coming to happen this month is the one that if successfully passed will be able to make bitcoins go bull run. Will even make it goes up to 23000 by the Eve of new year.
For Bitcoin will go way up more after Etf. But the problem is when will be Etf approved.
I think in September so just buy btc now.

Yeah, wise things to do with your money is to go for Bitcoin investment and if you find its availability on low price then you will have to use less money for more coins and this is better if you collect more in numbers. Current price is below 8k dollar which is considering better for investment that is the only benefit in current market of Bitcoin so we do not have to wait more and should prepare ourselves for upcoming bull market.
But we can't real determine why bitcoin is still decreasing , but Im sure the reason is the panic selling and other reason I think is othe, and I hope the following event or anything cannot harm bitcoin but it can help to bitcoin to pump again.

    We really cant determine on when do declining desist. Somehow, it is a great oppurtunity to buy more bitcoin to have a great profit when the market will pumping up.
Yeah, we all know that maximum profit is only possible if you choose a high potent source or product so that you may get big profit from it. Let us suppose Bitcoin as it gives us the opportunity to invest in it using low money as compared to its average price so it most profitable and getting currently in its low market will make you able to get maximum profit in bull market.
The price has been under 8k for a long time now. I think its time people get used to the fact that we will be here for awhile and we will not see the price going up any time soon and the 8k price means nothing when it comes to bitcoin because it can go up as much as it can and still drop, there is no sudden price that if it goes over certain number it will stay there and/or the price will start go up suddenly.

Like it won't start a huge bull run if it reaches 8k than it will reach 10k and above with a huge bull run. That is not bitcoin anymore, when the price reaches to 8k, it is as likely to drop down to 6k as it was during the 7k run.
jr. member
Activity: 82
Merit: 1
October 10, 2018, 07:02:43 AM
Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?
I think the market for this year is not good enough to rise the price of bitcoin to as high as $10k before the year end as those investors are selling their coins for short profits and no sign of good news that can ignite the market to a bullish.

Till now it has being a falling market in this year and we do expect some good movement to happen in this last quarter. If you consider last year as well it was almost same like this year and the rise happened was in last quarter. If we can see some 50% growth as well from the current levels we should see 10k easily in this year .

Well, welcome to 2018! The year of the bears. The bulls had their own swell time last year, so I guess we just have to allow bears to also have theirs and maybe next year, we experience some level of equilibrium which should bring about some long period of consolidation and may be by 2020 we can start seeing another huge growth. ETF does not have anything to do with all these, the market is in a downtrend corrective state after the last year greed and manipulations, and i guess people should live with that.
If we observe the whole year of 2018 we will find that it is overall not good for bitcoin and crypto for the whole. It is because the huge dip in the price in the start of this year. Now people afraid of losing their money, that why they do not take risk of crypto investment. Still thousands of people are looking for big bump in the price so that they would recover their deficits.
legendary
Activity: 3318
Merit: 1128
October 10, 2018, 02:00:14 AM
Sadly, the price of Bitcoin has now fallen below $6300, which is a very bad phenomenon, which means that many people are starting to give up Bitcoin!

Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.

That signs of bitcoin being stable at around $6.55K will bring back the reputations being lost due to bearish market, and hopefully this signs could help every holders gain more efforts in holding their funds. Panic seller will be braver enough to prevent their weak hands over fearing out for many bad and negative speculative ideas. Fake news and FUD must be avoided, just ignore it and hope for the best for bitcoin in the next further weeks to go this October so we will be seeing bitcoin to rise at very profitable value.
Well, that is not surprising. It is normal to see things like this happening when the bears are really making an attempt and the bulls are also trying to make an attempt at the same time and in scenarios like this, it is just more like saying 'may the best man win!'...

It is not a bad sign at all and however the market breaks out, I guess it is something we will get to see in a short term but in the real sense, I would not want to be too centered on anything right now as the market can break out in any which way. For now, though, I guess we just have to wait to see how things will go.
hero member
Activity: 1148
Merit: 504
October 09, 2018, 10:51:34 PM
Sadly, the price of Bitcoin has now fallen below $6300, which is a very bad phenomenon, which means that many people are starting to give up Bitcoin!

Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.
I think prices have stabilized at $6500 from a few weeks ago, not in this one week period but whatever that, prices have not experienced a deep falling in the past few weeks, which is bearish is over? I think so. and I hope that the slowly rise will occur in this end of the year
full member
Activity: 434
Merit: 100
The Exchange for EOS Community
October 09, 2018, 06:54:45 PM
That's been the price of bitcoin almost the entire year now but looking back at the graph on how its market cap and price responded each year, it will always give you a reason to keep on believing that bitcoin will really rise again. Since we are already in the final quarter of the year, i believe that we can see a bullish market once again.
full member
Activity: 980
Merit: 114
October 09, 2018, 11:16:32 AM
Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?
There were many sell up this year than last year and few are holding bitcoin compared to last year.  Bitcoin is going to get increases in price but when that will happen is not know.  The reject of ETF is really another factor that contributed to this falling.
legendary
Activity: 1176
Merit: 1024
October 09, 2018, 10:18:14 AM
Sadly, the price of Bitcoin has now fallen below $6300, which is a very bad phenomenon, which means that many people are starting to give up Bitcoin!

Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.
one thing is that if bitcoin price decides to stall within this range for years, I really do not care and in fact, it would even be more interesting as there would be a lot of sanity in the market for a short while than the craziness that FOMO brings into the market when it comes to people getting too greedy and the transaction fees skyrocketing which I believe before we will start seeing any huge movement though, hopefully we would have gotten to see scaling issue somehow solved.

Being below $8k is still a very good price and even if it goes lower than $6k, it just gives a good buy in the more.
jr. member
Activity: 82
Merit: 2
October 09, 2018, 05:34:16 AM
Sadly, the price of Bitcoin has now fallen below $6300, which is a very bad phenomenon, which means that many people are starting to give up Bitcoin!

Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.
Price is not stable and ups and downs continue for long time. Now the price is below $7000 and the market cap does not allow the price to go up more. When there is little bit increase in the price, more and more people will invest in bitcoin and the price will raise more. People should stay in this bearish situation and hold their coins for some more time. In the near future the price will definitely increase. 
sr. member
Activity: 1484
Merit: 253
October 08, 2018, 04:45:22 AM
Sadly, the price of Bitcoin has now fallen below $6300, which is a very bad phenomenon, which means that many people are starting to give up Bitcoin!

Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.

That signs of bitcoin being stable at around $6.55K will bring back the reputations being lost due to bearish market, and hopefully this signs could help every holders gain more efforts in holding their funds. Panic seller will be braver enough to prevent their weak hands over fearing out for many bad and negative speculative ideas. Fake news and FUD must be avoided, just ignore it and hope for the best for bitcoin in the next further weeks to go this October so we will be seeing bitcoin to rise at very profitable value.
legendary
Activity: 3514
Merit: 1548
Get loan in just five minutes goo.gl/8WMW6n
October 08, 2018, 04:32:36 AM
Sadly, the price of Bitcoin has now fallen below $6300, which is a very bad phenomenon, which means that many people are starting to give up Bitcoin!

Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.
full member
Activity: 476
Merit: 100
www.daxico.com
October 07, 2018, 01:46:19 AM
Even if bitcoin's market price is below 8,000$ for a couple of months now, at least, it stayed in the 6,000$ mark. But once it will break the 7,000$ mark anytime soon, then it is also possible that it will continue to rise and break some high price marks.
hero member
Activity: 991
Merit: 500
October 06, 2018, 04:31:11 PM
Several times bitcoin have fallen down to 5,000$ and it seems the bearish market is still hovering in the market. Bitcoin has now more than 6,000$ market value and it struggles to break the 7,000$. Once it will happen, then that means bitcoin is already in the uptrend projectile.

Bitcoin is really struggling to cross $7000 mark from past couple of months and these are signs of bearish market but we all know that bitcoin will eventually cross not only $7000 but also $8000 mark if the bullrun starts but there is a random feeling considering the current downtrend that there might not be a bullrun this year.
newbie
Activity: 81
Merit: 0
October 06, 2018, 06:58:23 AM
#99
Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?
I think the market for this year is not good enough to rise the price of bitcoin to as high as $10k before the year end as those investors are selling their coins for short profits and no sign of good news that can ignite the market to a bullish.

Till now it has being a falling market in this year and we do expect some good movement to happen in this last quarter. If you consider last year as well it was almost same like this year and the rise happened was in last quarter. If we can see some 50% growth as well from the current levels we should see 10k easily in this year .

Well, welcome to 2018! The year of the bears. The bulls had their own swell time last year, so I guess we just have to allow bears to also have theirs and maybe next year, we experience some level of equilibrium which should bring about some long period of consolidation and may be by 2020 we can start seeing another huge growth. ETF does not have anything to do with all these, the market is in a downtrend corrective state after the last year greed and manipulations, and i guess people should live with that.
full member
Activity: 434
Merit: 100
October 06, 2018, 06:53:51 AM
#98
Several times bitcoin have fallen down to 5,000$ and it seems the bearish market is still hovering in the market. Bitcoin has now more than 6,000$ market value and it struggles to break the 7,000$. Once it will happen, then that means bitcoin is already in the uptrend projectile.
newbie
Activity: 37
Merit: 0
October 06, 2018, 06:30:37 AM
#97
Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?
I think the market for this year is not good enough to rise the price of bitcoin to as high as $10k before the year end as those investors are selling their coins for short profits and no sign of good news that can ignite the market to a bullish.
We have been going with conditions worst than the current market conditions and have seen it recovering again. This time the market is not so down but is taking long to recover is due to a reason as well that we sell for small profit when we observe a little increase in price. We should avoid selling for small profit so that holding of coins will not let the market face with downfalls.
I just searched the current price of Bitcoin which is equivalent to 6505 US dollar showing improvement from yesterday price so these who have bought yesterday are now in profit but this is a small profit as Bitcoin has big profit for you. But you need to wait for that big profit so you hold it right now and do not sell for small profit, treat it as long term you will surely reach at your destination in future days.
Well, talking about those who bought yesterday, I guess those who did, by now should be in loss. The truth is that the market will always keep fluctuating and it depends on how you want to see it, considering the fact that you cannot simply expect the market to just play out the way you could have assumed, and even with all the ETF people keep talking about, I really would not see that making such a huge impact quickly. I guess the only thing we have now is time, so we just wait and see.
full member
Activity: 559
Merit: 100
September 19, 2018, 03:10:34 AM
#96
Many people stopped to believe in bitcoin this year, what is very strange because bitcoin stays much higher then it did a year ago same time. But we all know people have a short memory. This is the main reason why Bitcoin can't grow.

Your comparison has no clear criteria. Their starting point is completely different, $1000 -> $4000 last year and $20000-> $6000 this year. You mention only price but don't mention circumstances in the same time.
member
Activity: 237
Merit: 10
September 19, 2018, 02:57:30 AM
#95
Many people stopped to believe in bitcoin this year, what is very strange because bitcoin stays much higher then it did a year ago same time. But we all know people have a short memory. This is the main reason why Bitcoin can't grow.
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