Topic: Oh My God, What Happened to Bitcoin? - page 2. (Read 1546 times)

The price trend is following the same trend early this year up to Month of March, same as of the time people are making negative comments and many were getting depressed afraid and all sorts of negative vibes but it was able to start to recover by month of April until May.  A lot of factors is actually affecting the market of crytocurrency but I believe like all other times it can recover.

It is close to the end of the world.  End of the Bitcoin world.

I think bitcoin takes its best position from which it will grow, it's like boring a borehole, it meant we try to depth, but when we spread it we swing it in full

That might be true, but apparently there was some information released today that is supposed to show some third party verifying that they actually have the money in a couple of bank accounts.

Of course them showing this information could be some part of their scam. But it's something at least. I guess we'll see what happens.

This is the same as the story itself re-landing the constant price with false news

That's exactly what I am talking about, Bitcoin price right now depends (almost) solely on trading analysts, greedy traders. Can we blame them? I don't. But the long term trend is now clearly down, and as you said there should be a bump. I will personally sell at 7500 USD then I am done with Bitcoin I think.

The price moved a step higher with a session top at 6,832.9 but started pulling back again on a 5H Engulfing Bearish candle. This simply restored the neutral bias on 5H (RSI = 49.160, Williams = -50.913, Highs/Lows = 0.000) as the Channel Up is being rejected near the 6,900 Resistance but supported on the 6,500 support. This will most likely create a 6,500 - 6,700 trading range for today. I am still expecting 6,989 and 7,309.30 in succession.

Game of surviving, better to analyze well how things works inside this crypto industry, I can say that if you are a panic investor better not to touch crypto or stay away now, a lots of downfall and uptrend will happen, crypto still young and many people who knows how to take advantage will come and play with the market, so always be prepare and knows your boundaries.

Don't panic bitcoin will be fine, its just the same last year, bitcoin dumping and pumping but it will go back to the normal price and will continue to increases and give better earnings in the future.

Confirmed death of Bitcoin. If you want to get rid of your coins, you can send them to me for free! You will pay a ridiculously low fee and it still will be confirmed quickly. As a nice side effect these (dead) coins can't be double spent, because there was a guy who was the first to solve this two generals problem and the network is the biggest and the most secure that exists. Too bad it's gone... Is Dogecoin an option?

Nothing to painful happens because you can see bitcoin history back to back.dumping and pumping is the bitcoin history.bitcoin value not still more got, don't got crazy happend.real time will quickly back just need to wait and also check bitcoin marketcap..

Everywhere you go (even outside the crypto space, in the real world), there are always a corresponding risks exist.
 
What you said is like a normal thing here in crypto space, if you dont know how to ride, you'll fall, if you dont know how to maximize your security, you'll fall. That is why there are weakhands who are always bothered by the price drops, dips, and corrections. FYI these price movements/volatility are just a simple indications of a healthy market.

Bitcoin price value is unstable its up and down but this is normal in every investment have risk and challenges to face off it is part of the economy experiences this but never lose hope cause bitcoin will be recovered from all challenges and give us big profits in our investment.

Don't lose hope, we know the bitcoin value now is down, but it is not the end of the world. Bitcoin value is unpredictable we don't know what happen tomorrow when it down or up and I know in every investment this is normal to happen so we need is more patient to wait and calm and everything will be okay.

LOL haha, over the long-term bitcoin's return will atleast 4x return over stocks.....hahha even POST crash price of $6,600 represents 15x return more than stocks this past 1yr.

But, do you want to know a secret of how to manipulate Bitcoin price downwards?

Just get a few partner companies to hold custody of more and more bitcoin, especially other people's bitcoin who is not expected to withdraw real coin. You then can then manipulate bitcoin price bids/demand. Today, you see many examples where users are keeping their Bitcoin in exchanges or services (which not only exposes them to hacks but) they do not allow users transfer ability of the actual Bitcoin.
Examples of threats:
Traded Bitcoin Futures (cash settled and they dont give bitcoin delivery!)
Revolut
Square Cash App
Circle Invest App
Robinhood
Many other 'custody' examples in developing countries
hack.
Stay away from putting in $ without taking personal delivery of actual bitcoin and secure/safely backup your own Bitcoin in your own wallet.
A bigger supply can be used to flood market for short selling supply if there's any degree of certainty of an amount of bitcoin that wont be touched at these custodial entities. Ever wonder how Gold and other commodity prices are manipulated?

Never trust another person or company or exchange with your bitcoin. see mt. gox, cryptsy, shutdown China-exchanges, many other scams.

The cycle or movements of bitcoin are normally like this which is ups and downs. The long run of downtrend maybe consider as a part of it's cycle and maybe it's preparing to pump for the next few days so nothing to be worried about. However, for a long time of bitcoin existence we known that in any situation like this is considered nothing because bitcoin itself always proved to us that it can handle it's movements and it never be goes to it's end.

It’s not the first time we see it,so nothing to worry about.Bitcoin’s history is repeating rise and fall phase,and currently it’s in a fall,so it’s just to stay patient and wait for price growing up again.

In my opinion, Bitcoin may drop to $ 3,000.
At present, the price of Bitcoin fluctuate quite large, you should consider when deciding to invest!
Good luck!

No one can predict what will happen to the price of bitcoin. But surely, the price of the bitcoin will rise again. Just wait for the right time for it to happen. It may not be next month, but I belief it will. Let's see before the end of the year or early next year. Remember that investment in bitcoin does not guarantee short term return of investment because it may takes long term. Just believe and hold.

$200 change in $6700 is nothing. it is just 2% and when we are talking about bitcoin price changes anything that is below 10% is just normal market movements that sometimes is caused by a tiny sell or buy because the market is small and the order books are thin specially these days that the manipulation has scared many investors into holding their fiat and waiting outside of the market for it to end before the re-invest.