Price going below 2k$ | Bitcointalksearch.org

btc_angela

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Quote from: bettercrypto on May 30, 2017, 01:18:12 PM

With the current drop and recovery of bitcoin price, I doubt that bitcoin will go down below $2000. I is quite stable at around $2200 but once the hype from the upcoming news like adoption of countries and big companies involving in bitcoin, the price will definitely increase.

It drop below $2000 during the panic sell but was quickly recovered. And now it looks like the price is stable again at $2200. Well there will be another hype coming in, Australia in July 1. I don't know if we are going to see another pumping of the coin and reaching around $2700 or more. Let's just hope there will be no panic selling because it is scary to see the price dropping like a sack of potatoes.

potatopower

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Quote from: Tyrantt on May 26, 2017, 07:49:17 PM

Drop of 400$ in just two days and it will probably go below 2k$, is that China dumping or something else? Will it cause the mass selling and buying once the bitcoin drops as low as it will? Or will the acceptance of bitcoin in Australia of 1st July recover the price as it was a few days ago?

The price didn't go that low and china isn't dumping their bitcoins, there was a small panic sell maybe from the people wanting to not end up in a huge loss, but the price is coming back now, it didn't blow up completely so it is the only matter of time when it will happen. In my opinion the next inevitable drop will be to 1700 dollars or something

Quote from: Junko on May 27, 2017, 01:00:36 AM

Bitcoin price goes up, bitcoin price goes down. Bitcoin price goes up, bitcoin price goes down. Other times, the price stays the same. For all the people crying and moaning the price was rising too fast, well here's your chance to buy under $2k. Make sure you're set for the next leg up.

there wasn't a chance to do that + right now is a stupid time to buy bitcoins because the price is definitely going to drop a lot when the panic sell starts to happen.

maku

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Quote from: Tyrantt on May 26, 2017, 07:49:17 PM

Drop of 400$ in just two days and it will probably go below 2k$, is that China dumping or something else? Will it cause the mass selling and buying once the bitcoin drops as low as it will? Or will the acceptance of bitcoin in Australia of 1st July recover the price as it was a few days ago?

The higher overall price of bitcoin will be the bigger corrections are. It is only natural. In the next few years $400 daily price shift won't be anything special.
It wasn't China dump, it was accumulated liquidation of short positions. We will see soon bullish trend again, this time we can go even higher than $3000.

bettercrypto

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With the current drop and recovery of bitcoin price, I doubt that bitcoin will go down below $2000. I is quite stable at around $2200 but once the hype from the upcoming news like adoption of countries and big companies involving in bitcoin, the price will definitely increase.

richardsNY

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Quote from: Baofeng on May 30, 2017, 12:34:18 PM

I think we are going to see a bearish trend for the next days or even weeks to come. I observed the price to be ranging in $2200-$2300 and not going up. And for me this is much OK as compared to the dipping price we see a few days ago. Maybe next month we are going to see a up trend again. I hope.

Bearish trend? Take it easy.... If you closely followed how the price has gone up recently, you'll know that the market was considerably overbought. If you discard the peak to +$2700 (it was pure panic buying that resulted in that peak), then current levels aren't really that far away from the more justifiable all time high that sits around the $2400 level. From there the market is doing exceptionally well, considering that it maintains its position above $2000 quite easily.

Baofeng

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Quote from: sandor111 on May 29, 2017, 10:23:32 PM

Price went below that level before few days but now its started to regain its price again and in coming days we will see the price crossing $2500 level and now I don't think that price will go below $2000 again as people have started to buy which is taking price higher.

I think we are going to see a bearish trend for the next days or even weeks to come. I observed the price to be ranging in $2200-$2300 and not going up. And for me this is much OK as compared to the dipping price we see a few days ago. Maybe next month we are going to see a up trend again. I hope.

sandor111

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Price went below that level before few days but now its started to regain its price again and in coming days we will see the price crossing $2500 level and now I don't think that price will go below $2000 again as people have started to buy which is taking price higher.

stolendata

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Quote from: Tyrantt on May 26, 2017, 07:49:17 PM

Drop of 400$ in just two days and it will probably go below 2k$, is that China dumping or something else? Will it cause the mass selling and buying once the bitcoin drops as low as it will? Or will the acceptance of bitcoin in Australia of 1st July recover the price as it was a few days ago?

if we study the increasing ration of bitcoin we can see that the price of bitcoin is almost doubt in previous 1 month. so if ithe price drop a little bit so it is normal because the price of bitcoin has to take some correction and therefore the price of bitcoin can fell down, but after that it will agian start increasing and hope that this time we will see 30000 USE level very easily.

lottery248

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Quote from: Glucose on May 27, 2017, 02:55:07 AM

Quote from: lottery248 on May 27, 2017, 02:13:01 AM

if the continuous pump, the bitcoin price would go far lower and harder to go back to the high place; pumpers need to have a breath about this rise so they needed to sell some of them before they will be able to rise the bitcoin again. the bitcoin price affects the majority of altcoins as well. the dump might be a trap to sell your bitcoins so be aware of the price.

It was needed. And still need a lower correction. Around 1400$ would be good. And in 1 years BTC will be back to the top. I'm waiting for lower prices to buy a few btc.

really? buying a few btc might be a $10.000 question; IMO in this trend, unless the mining fever in China has gone resulting a major crash of bitcoin price, it is almost when pigs fly to let bitcoin go back to $1400; $1900 at this moment is the lowest possible pricing in a short term.

Question123

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Many people said china try to dump bitcoin so last few days ago the price goes to below $2000 . But after the dumping we have pumping the pruce of will go back and it will recover again. I dont know why china wants bitcoin dump because they want their own coin become like a bitcoin. Sorry to say but china is envy . I believe even china there dump bitcoin they have many country also like Australia there to pump bitcoin. I cant wait july 1 for sure the price will pump high after that.

OrangeII

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Quote from: DustyRah on May 28, 2017, 08:22:41 PM

Quote from: CasinoRoyal.one on May 28, 2017, 07:55:19 PM

It was a slight correction but I'm happy that the floor now seems to be over the $2k mark.

We will know if it really is a floor in a few weeks. All this has gotten few of the major investors interested and its just only beginning.

If the price is seen, the current bitcoin price is creeping up, although the rise is slow, but it may continue to rise steadily. Well, I do not expect bitcoin prices to go down, but in my opinion, the more people will need bitcoin, then the price increase will definitely happen, and it happens now.

DustyRah

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Quote from: CasinoRoyal.one on May 28, 2017, 07:55:19 PM

It was a slight correction but I'm happy that the floor now seems to be over the $2k mark.

We will know if it really is a floor in a few weeks. All this has gotten few of the major investors interested and its just only beginning.

linkybit

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I think it is correction time, and probably stay around 2k.

CasinoRoyal.one

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It was a slight correction but I'm happy that the floor now seems to be over the $2k mark.

wilson_bitbybit

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It was a quick recovery from this last fall, that's why it is very risky to trade at bottom price. You could be at the risk of re-entering at a loss.

ImHash

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How many bitcoins Chinese have anyways to dump on us? please let it be 15M so price could crash to $200 for some people's wishes come true Cheesy

These little Chinese people are dominating the world, everything is made in China and I blame no one but little Wu Cheesy

I'm talking to you all, if you don't want to see the price going down then after you buy some bitcoin just hold the f**k up trust me if everyone thinks; oh no if I don't sell now then others will outsmart me and sell and I'm left with worthless coins, well seriously if we all think like that then we'll never thrive as a strong community.
If you are reading this I beg of you, next time you see price dropping, you be the man or lady and don't sell, drop by drop you can have an ocean, our sell off really effects the market.

Skarner21

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Massive price drop coming...

The price right now from yesterday and now is stable around $2,000-$2,100 for now its slow movement and i think there are whales who sell their bitcoin that is why the price was drop and people who are invested are afraid to invest more because of the big price drop..
Hoping that the price can be increase back soon..

freedomno1

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Quote from: Tyrantt on May 26, 2017, 07:49:17 PM

Drop of 400$ in just two days and it will probably go below 2k$, is that China dumping or something else? Will it cause the mass selling and buying once the bitcoin drops as low as it will? Or will the acceptance of bitcoin in Australia of 1st July recover the price as it was a few days ago?

This looks like a correction looking at the charts a few days out from when the OP posted which is healthy when seeing prices appreciate rapidly.
It looks like stability will hold over 2K for a while yet.

1Referee

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Quote from: BitFinnese on May 28, 2017, 04:53:03 PM

I believe that dip was made by some anti climatic whale who wants to create a panic from weak hands and catch them before the next uptrend of bitcoin starts. Somehow they manage to shake several weak hands resulting in price going down sub $2k the other day, but it seems that the price is quite stable at around $2000 - $2100 +. I think this is some kind of accumulation and the next thing we knew bitcoin already break $3000 price.

It was a correction that came just on time. In order to realize further growth, weak hands must be wiped off the table (I know it sounds harsh). It's essential that these coins flow into stronger hands, because the earlier this becomes reality, the more chances we have to realize a more sustainable form of growth. Don't forget that in current times there are plenty of so called yolo buyers - they buy at whatever higher levels just hoping that the price will continue to increase. Corrections are win win happenings for whales. Not only do they unload their 'expensive' coins, but their dumps also initiate a chain reaction of panic sellers selling like there is no tomorrow. In a short period of time, whales end up with more coins and funds after the correction, than before the correction. Grin

BitFinnese

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I believe that dip was made by some anti climatic whale who wants to create a panic from weak hands and catch them before the next uptrend of bitcoin starts. Somehow they manage to shake several weak hands resulting in price going down sub $2k the other day, but it seems that the price is quite stable at around $2000 - $2100 +. I think this is some kind of accumulation and the next thing we knew bitcoin already break $3000 price.

Topic: Price going below 2k$ (Read 3358 times)