Topic: Huge drop happening within 48 hours! (Update: BTC Price on Sept 5th) - page 4. (Read 1224 times)

Bear trap.

the price has dropped to $9320




It is possible that the price drops to $ 8000, but we have to see how the price will behave in September

Bakkt Clients Can Start Warehouse Deposits on Sept. 6

it may be that in September the price rises considerably


advantage of Hold for many years is just sparing people headaches, the problem arises if the person makes the wrong investment, something like buying a shitcoin and holding for 5 years and after 5 years have big losses.

It fell down to near $9300 area where we were all thinking of spotting it at and the OP was lucky to see it sooner than all of us that he's gone lucky with that down-indicating Doji that helped the pattern to continue to decline. I'm getting it as BTC is done now and should bounce back and continue the bullish pattern as the reverse of my thinking is not looking so good for BTC's overall situation.

I had to check it, as I hadn't looked at the price since my post in this thread.  It's just below $9500 now, so I don't think OP's prediction was on the money--but it hasn't been exactly 48 hours since he made it yet.  There's still time for bitcoin to drop below $9k (though I'm certainly not hoping it will).  Heh heh.

Too early for victory to be declared here, but I'm keeping an eye on this thread.

I would disagree on that we all are long-term holders, many on this forum trade a lot, or sell everything they earn in any way. Patience is a virtue that not everyone has, and if you need money for food and other basic necessities of life, holding is something that is almost impossible to do.

I almost never sell any coins, but I pay for goods&services with Bitcoin on a regular basis. I believe it is a great method of storing value, few years ago Bitcoin was only $200, today almost 100 times more, and in next 10 years only sky will be limit.

Less than 20% drop? That's very easy to do. How many days this year alone have we seen 20% drops? And in so-called periods of really low volatility and volume? So yeah, I'm definitely on for that kind of drop but preferably right on 31 August so that I get paid at the dip for my next invoicing =D

We're all long-termers, I think few people would claim otherwise. But what's long term mean to each of us? I suspect that's very different.

BTW, don't you at least sell every now and then for needed cash?

Time for a new 48hr prediction thread 

OP, although it was one of the most honest-looking speculations, I didn't think a drop to 8k or lower is highly possible (especially as Bakkt will finally run, it seems).
But I would have given you some credit for your post if you wouldn't have been bragging "I WAS RIGHT" when it didn't go down so much (actually it's still in the range I was expecting).
So no. You were not right. In that time frame it was not even remotely near to 8k. And the time frame has closed.

I had to admit that you seem to have a good accuracy for your prediction because the market went down. But the price that you had given hasn't been met and we're still few hundreds of bucks away.

Fair enough. But it’s currently $9400 range. 8K could easily happen today.

That said...I am long term holder. So when it goes down heavy, I look at it as a buying opportunity. I don’t trade, because I ALWAYS lose money that way.

Exactly, unbelievable that some behave as if the OP really was right, and that even last night he announced (change title) "I was right", in time BTC is lost only $400 in value. If anyone want to check price in last 3 months, it is very easy to see that we see similar price drops at least 2-3 times. There's nothing weird about that, is is just time of year when market is act like this, and it is very easy to manipulate with price.

I see this drop as only one more attempt to shake weak hands and take more cheap coins from them, only 4 months is left before the end of the year, and if there is any significant upward action, this will happen in the next few months.

The bitcoin market is really a volatile market. I was watching the market yesterday when this huge drop happens and it doesn't take up to 25 minutes! Bitcoin loses about $600. The only time I have seen this type of volatility is early last month when bitcoin make $1000 within 30 minutes. Hope the market recover soon.

until now, the price of bitcoin has slowly declined. the last time I tried to look at the price of bitcoin, it was in the range of $ 9500. I hope the price of bitcoin does not go down below the price of $ 9,000.

yesterday the price reached $ 10200 and is currently under $ 10,000 in less than 30 minutes. well, of course, many people are surprised to see this. even in coindesk too, this became a popular news

https://www.coindesk.com/crypto-market-sees-red-as-bitcoin-price-drops-600-in-30-minutes

Hmm, it didn't even go below 9500.

OP, you are not right yet! The drop to $9,000 might solidify support if that doesn't break, maybe? Haha. It was already tested twice since July. It might become an opportunity to buy, not sell.

where?!!!
this is the same thing that has been happening over the past 30+ days. price goes to $10k+ range then comes back down to $9k+ range and the goes back up again. the minimum that was reached this time is not yet as big as last two times for you to get excited

your "prediction" is not a correction by the way, you are expecting a crash to $8k which has not yet happened and this drop is not "like a rock" as long as it is the same thing as before inside the same range as before!!

Yep, every day I look at the BTC price and say, its gonna go down. Eventually, I've been right!

Some days I say BTC is gonna pump! Also some days I'm right also!

The problem with Bitcoin is like the drop today, some say it was because of this whale, doing this buy, in order to keep the price of BTC high as he sold down

from other BTC addresses.

https://eng.ambcrypto.com/bitcoins-130-million-buy-wall-on-bitmex-is-either-an-actual-whale-helping-bulls-or-a-spoof-trader-trying-to-profit/

As long as BTC Whales can move the market, (the billionaire class of BTC whales) with the 'ease' that I could manipulate some altcoin/sh*tcoin for say

$1,200 (of which $200 is risked) as a comparison to how it would affect my finances and I assume how he feels about the 130 million affecting this.

Well, you are gonna have 20-40% variations in price. This is where Boom and Bust came from. This was the common way to make and lose fortunes before

the early 1900's, hell until the 1930s and beyond. We are back to these times with all currencies virtual or fiat.

In the 1800s and this was common, it was due to NOT having enough info. (Ships at sea, no one knew what was on them...thus 'speculation' or educated guesses)

Now we are in a time, where there is SO much info you can spin any story anyway and speculate accordingly.

So with the BTC market and whales and bots and a little finesse, you can make pretty good coin. Perhaps 'chump change' for fun to a Billionaire Bitcoin Whale, but

hey, they can have fun too I guess.

Get used to this, this is not gonna go away any time soon, if ever.

The game will continue to murky the waters with too much 'real' info, not enough facts and big players messing up the grass, along with the usual FUD.

Bitcoin: This is how we roll! (tm Bitcoin)

Brad

Im not really a fan on listening others vision or predictions but honestly when i do read up this thread i luckily closed up my long position on leverage. Good call 

I’m hoping things tank. I want to buy more.

Been HODLING since 2014. That’s the only “right” thing I’ve done.