Topic: Do you think the price will DROP MORE? - page 3. (Read 4969 times)

I don't think that it can drop again because of those rumors from China. And the ban of ICO's and shutting down of exchange is the thing there, it is still not that all about banning of crypto's in China because mining is still available on that country. I don't think that we will see the price of bitcoin drop once again, we are starting to see lights now from those dumps that happened last time. This upcoming week is going to be a good and positive  one.

It looks like bitcoin will decrease even more. I am still waiting for the right moment to buy back, because i have sold all bitcoin i held a week ago.

Today we see how the price rises. I hope that this growth will be stable and there will be no failures

I guess yes the price may drop more, due to many rumors of China's issues of banning crypto which is just a "speculation" that leads people to panic selling their invested bitcoin that really makes the value of btc break down or drop down. The News is that ICO banning will be implemented from 30 September, so we might have a temporary more extensive dump in a week's time.

I think there are several factors that make the bitcoin price down at this time,
1. Volume and Availability of Bitcoin in the market
As a relatively young digital currency, Bitcoin volume is still very small when compared to other assets such as gold, let alone conventional currency such as US Dollar.
Why does this volume greatly affect the movement of Bitcoin? To see the relationship between the two, we can first understand the basis of Bitcoin fluctuations that are really determined by supply and demand in the market. If many people buy Bitcoin in large quantities, of course the price will rise sharply. In contrast, the value of Bitcoin may decline if many of its owners sell in large quantities.

2. Speculation of Trader
Believe it or not, the number of Bitcoin users who make it a trading asset is more than those who actually use it as a medium of exchange. This is because the relevance of Bitcoin itself is still minimal, so its use has not been spread and familiar among the wider community. For example, you may find it difficult to find a nearby store that accepts payments with Bitcoin. As a result, many users then prefer to use Bitcoin as a trading instrument in investment activities.

3. Fraud Mode Involving Bitcoin
Because of its large potential, many parties are not responsible then make Bitcoin as a new object of fraud involving investors. Cases like this happen a lot and of course bad for Bitcoin price movement.

As of now the price of bitcoin decreased again and its already 3600 dollars.  But dont worry about it because even china ban bitcoin exchange for sure it will increase again or recover again. Many people said bitcoin will drop more but for me I think once end of this september bitcoin will increase again because they dont have doubt to the investor because china ban bitcoin officially in septenber 30 . I hope theres no big effect to us.

If people or news agencies will continue to talk about negative rumors on bitcoin, it will affect the price. Bitcoin holders and users will be discouraged and there will be less demand on bitcoin so the price will naturally drop more and more.

I, too, now calmly refer to the fall of bitcoin. This is a great chance to buy even more coins.

I saw traders who are waiting for the price to fall to 2300 to buy bitcoin

If the government bans bitcoin then there is no chance that any investor will be able to invest in Bitcoin by any legal means and also investing in Bitcoin would be made illegal if government decides so.
So of Bitcoin fail then we all will lose money and especially me be left with nothing. But Bitcoin is very big empire and would take drastic decisions by governments around the globe for banning Bitcoin. But as far as I can think of, government will not ban cryptocurrencies because a lot of people are depending on the cryptocurrencies for their investments and earning monthly salaries as a lot of people are also mining cryptocurrency and have left their jobs.

In trading bullish or bearish prices is a common thing happens everyday as well as what happens to bitcoin. If it falls, it's a good chance to buy more. Then, we can wait for moment spike again.

To be honest I do not think so because a balance has to exist...which means for every drop we need a rise somewhere along the way. So while others choose to sell their coins remember there are always other interested people ready to buy bitcoins off them.

I really hope so, need to see a bull run soon to get people talking positively...at the moment people are distracted with the ico bans

Maybe it can drop a little bit more to $3700, but i dont think that is going to happen, bitcoin needs to reach $4,5k before october, because that is one of the most important barrier supports that we need to break, if we do it, then it means that the price will go to $5k soon. I hope it doesnt take too much time, since i want to withdraw a part of my bitcoins when it reach that price.

Really hope not, even though I don't hold a lot of bitcoin, it's been a roller coaster of a week.

Well as we all can see, this news about China ban is affecting bitcoin and altcoins as well. Drop in bitcoin price was and expected thing after so important news. Most of new bitcoin holders had been afraid of loss, and therefor they had start panic selling, which led to even greater price drop. But i think there is nothing that bitcoin and its users can not overcome. As we can see bitcoin price is recovering, slowly yes, but recovering. Maybe it will come to some steady rate and stay there for some time. Only time will tell...

One question here, when these whales are shifting their money form China to other part of the world, do they have to sell their Bitcoins?  I think no.  it is easier to move Bitcoin out of the country than moving fiat currency. 

Anyway I think the price will drop even further.  Remember there are exchanges that will close on the end of the month and the following month.  This will definitely means, many chinese trader will sell their Bitcoin and convert them into fiat.  Aside from that the consecutive news about Bitcoin exchanges shutting down in china have a psychological effect to the readers.  Those who are thinking to invest in Bitcoin will have fear the same thing may happen to their country.  Thoiugh I am a incline to think that Bitcoin will further decline in price, I am still positive that Bitcoin will recover.

yes i also expect that the price of bitcoin is not going to drop so much .i am sure that it will get a good support at 3000$ and hope that bitcoin price will not stay here for a long time, i am sure that its price will start increasing very soon and it will not stay here for a long time, because bitcoin price has a good potential and therefore we can expect that the price of bitcoin will easily cross 7000$ in next few months.

What kind of bad news are you talking about? China's ban?
That was an old news and the price is being pushed down because all those Chinese whales are shifting their money from China to other countries as they don't want to stop themselves using Bitcoins. As well as once all this gets settled from their end, we will be seeing the best rebound of history. Japan's Internet Giant GMO plunged into Bitcoins with their decision to start mining it, do you think Bitcoin is an old school nowadays? It has gone BIG and now nothing can stop it. People say that it's nothing but a war between negative and positive speculation and I believe that's true, the more you believe & hodl, the more you will gain.

After bad news, it will comeback and create new AHT price. Hmm, sounds very easy but do you think in someday that happen will do the opposite? Nothing is forever and the scenario on the market also affected by that.

I do not feel that way. even I think that bitcoin prices will not drop below $ 3000. in any case, many think that bitcoin prices will actually fall, but I think that's a natural thing, and bitcoin prices will definitely rise again.

Yes I think price will drop more
I think first it will test 3200 - 3000
And i wish not going more down than that range