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Topic: Price going below 2k$ (Read 3377 times)

hero member
Activity: 2660
Merit: 551
May 30, 2017, 04:42:58 PM
#74
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 $2700 or more. Let's just hope there will be no panic selling because it is scary to see the price dropping like a sack of potatoes.
sr. member
Activity: 296
Merit: 250
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May 30, 2017, 01:39:00 PM
#73
Drop of 400$ 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
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 $2k. Make sure you're set for the next leg up.
there wasn't a chance to do that + right now is a stupid time to buy bitcoins because the price is definitely going to drop a lot when the panic sell starts to happen.
legendary
Activity: 1288
Merit: 1000
May 30, 2017, 01:31:38 PM
#72
Drop of 400$ 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.
sr. member
Activity: 1498
Merit: 271
DGbet.fun - Crypto Sportsbook
May 30, 2017, 01:18:12 PM
#71
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.
legendary
Activity: 1232
Merit: 1091
May 30, 2017, 12:53:19 PM
#70
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.
legendary
Activity: 2576
Merit: 1655
May 30, 2017, 12:34:18 PM
#69
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.
hero member
Activity: 616
Merit: 500
May 29, 2017, 10:23:32 PM
#68
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 $2000 again as people have started to buy which is taking price higher.
sr. member
Activity: 264
Merit: 250
May 29, 2017, 05:58:13 PM
#67
Drop of 400$ 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.
legendary
Activity: 1582
Merit: 1006
beware of your keys.
May 29, 2017, 05:09:48 AM
#66
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.
sr. member
Activity: 1624
Merit: 267
May 28, 2017, 08:44:46 PM
#65
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.
hero member
Activity: 2198
Merit: 503
Popkitty.io - Blockchain Social Media
May 28, 2017, 08:32:08 PM
#64
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.
sr. member
Activity: 533
Merit: 251
May 28, 2017, 08:22:41 PM
#63
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.
full member
Activity: 560
Merit: 107
Keep Working
May 28, 2017, 08:21:52 PM
#62
I think it is correction time, and probably stay around 2k.
newbie
Activity: 46
Merit: 0
May 28, 2017, 07:55:19 PM
#61
It was a slight correction but I'm happy that the floor now seems to be over the $2k mark.
jr. member
Activity: 58
Merit: 10
May 28, 2017, 07:39:51 PM
#60
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.
hero member
Activity: 924
Merit: 506
May 28, 2017, 07:31:24 PM
#59
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.
hero member
Activity: 700
Merit: 500
Massive price drop coming...
May 28, 2017, 06:48:25 PM
#58
The price right now from yesterday and now is stable around $2,000-$2,100 for now its slow movement and i think there are whales who sell their bitcoin that is why the price was drop and people who are invested are afraid to invest more because of the big price drop..
Hoping that the price can be increase back soon..
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
May 28, 2017, 06:43:07 PM
#57
Drop of 400$ 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.
legendary
Activity: 2170
Merit: 1427
May 28, 2017, 05:28:59 PM
#56
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
copper member
Activity: 1050
Merit: 500
May 28, 2017, 04:53:03 PM
#55
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.
hero member
Activity: 3080
Merit: 603
May 28, 2017, 04:13:58 PM
#54
That was the dip and a very good opportunity. Sadly I already used all my bullets on some good alts which I think are a cannot be missed opportunity too.

Don't be sad, the good thing is you are able to sold your bitcoins and bought some good alts. Don't regret with your move, actually it's a better way to recover some of your losses from reaching the price of bitcoin at peak. Since most of the coins are on red alert, it's good that you have bought when most of them are on a fall.

This could be a lesson learnt in you end. At least you have your altcoins and we may never know, if could rise sooner than expected so that you can gain profit. But yeah the dip was good while it last because right now the price is above the $2000 and it looks like it will likely to stay.  Hoping people bought while there is a dip.

I will always believe that the price of bitcoin is on a positive track that it will increase very soon. But we are currently experiencing this dip and of course as a person we have different point of views regarding this matter and it's up to you on how to avoid that feeling of losing some profit of yours. With that move it's really a profit saver.
hero member
Activity: 3234
Merit: 775
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May 28, 2017, 04:09:29 PM
#53
The price is fluctuating at $2,200 down to $2,033 recently. This is a basic movement of bitcoin's price but I know that there will be a day the price will be stable again back at $2,500 or even higher. The correction is still on it's way but the good thing here folks the price seems to be good at $2k and it will be it's new floor.
full member
Activity: 420
Merit: 100
May 28, 2017, 11:05:13 AM
#52
Its a common scenario if bitcoin goes down by 400$  in a matter of days, but it will go up by 1000$ after being down by 400$,the sudden down is  because of panic selling made by profit takers.

It will definitely gonna still surge up, and no one can really stop it from going a pinnacle pointing up is where bitcoin is heading even though there is a resistance that occur last week due to people that out from fear they are selling their bitcoin due to emotions, this is really happening and it really render bitcoin from still going up, well I surely freak out a little when the price plummets down.

Although I'm not a new person in the bitcoin community, I'm still always worried when the price falls. This is unpleasant, because I understand that I am losing potential profit. But the positive side of this is that you can buy coins at a low price

legendary
Activity: 3038
Merit: 1169
May 28, 2017, 09:49:41 AM
#51
Its a common scenario if bitcoin goes down by 400$  in a matter of days, but it will go up by 1000$ after being down by 400$,the sudden down is  because of panic selling made by profit takers.

It will definitely gonna still surge up, and no one can really stop it from going a pinnacle pointing up is where bitcoin is heading even though there is a resistance that occur last week due to people that out from fear they are selling their bitcoin due to emotions, this is really happening and it really render bitcoin from still going up, well I surely freak out a little when the price plummets down.
hero member
Activity: 812
Merit: 500
May 28, 2017, 08:50:17 AM
#50
Its a common scenario if bitcoin goes down by 400$  in a matter of days, but it will go up by 1000$ after being down by 400$,the sudden down is  because of panic selling made by profit takers.
sr. member
Activity: 826
Merit: 265
May 28, 2017, 08:41:33 AM
#49
That was the dip and a very good opportunity. Sadly I already used all my bullets on some good alts which I think are a cannot be missed opportunity too.

Don't be sad, the good thing is you are able to sold your bitcoins and bought some good alts. Don't regret with your move, actually it's a better way to recover some of your losses from reaching the price of bitcoin at peak. Since most of the coins are on red alert, it's good that you have bought when most of them are on a fall.

This could be a lesson learnt in you end. At least you have your altcoins and we may never know, if could rise sooner than expected so that you can gain profit. But yeah the dip was good while it last because right now the price is above the $2000 and it looks like it will likely to stay.  Hoping people bought while there is a dip.
hero member
Activity: 3080
Merit: 603
May 28, 2017, 08:22:57 AM
#48
That was the dip and a very good opportunity. Sadly I already used all my bullets on some good alts which I think are a cannot be missed opportunity too.

Don't be sad, the good thing is you are able to sold your bitcoins and bought some good alts. Don't regret with your move, actually it's a better way to recover some of your losses from reaching the price of bitcoin at peak. Since most of the coins are on red alert, it's good that you have bought when most of them are on a fall.
hero member
Activity: 1274
Merit: 513
May 28, 2017, 04:08:46 AM
#47
The price of bitcoin yesterday is below $2000 and I see the thread the country of china try to dump bitcoin. Even bitcoin price below $2000 yesterday and if you see the price today they recover again and I hope bitcoin price will increase more and I dont want to dump bitcoin again. I think theres a big effect when july 1 accept Australia the bitcoin I think the price will become double and because why the price is increasing on that month because that month is when the halving happen . This is the right time to buy bitcoin before its too late.
hero member
Activity: 1050
Merit: 508
May 28, 2017, 03:34:12 AM
#46
That was the dip and a very good opportunity. Sadly I already used all my bullets on some good alts which I think are a cannot be missed opportunity too.
legendary
Activity: 1246
Merit: 1000
May 28, 2017, 03:23:39 AM
#45
Yes, went down to sub $2000 but the resistance was too strong and $2000 is not being threaded now.

I guess no sub $2000 bear rides for the next days

The price has rebounded quickly and it was below $2000 only for a few hours. Those who were lucky managed to get a few cheap coins.  Smiley
In some time zones, the crash and rebound from sub $2000 levels would have happened when most people were sleeping.
legendary
Activity: 1232
Merit: 1005
May 27, 2017, 08:30:54 PM
#44
Yes, went down to sub $2000 but the resistance was too strong and $2000 is not being threaded now.

I guess no sub $2000 bear rides for the next days
member
Activity: 173
Merit: 10
May 27, 2017, 08:25:43 PM
#43
Today the price is $1,961  Shocked such a large drop these 2 days looks like it will drop more soon since we are experience of large price increase this year I think is it ok to experience of drop,. and i think the movement of bitcoin still the same as before. and i think its ok too  because our transaction fee is really increasing too when the price is increasing.
let it go down im waiting to buy cheap finaly xD
hero member
Activity: 630
Merit: 500
May 27, 2017, 06:29:55 PM
#42
Oh my! Price drop really deep at this time and i can't escalate for myself on how would the dip go deeper unto this hope this down thrends will not occur later in these days so that our profits will not been affected on this current red tide of its stats, So lets keep our faith unto the bitcoins rally since expert has still got a positive reviews on bitcoins future.
hero member
Activity: 1302
Merit: 532
May 27, 2017, 06:20:53 PM
#41
I would like to see the price above $2000 for a long time and even if the crash happens i hope the price wont go below $1800,the rally we had was amazing and i hope the price would stabilize for some time before getting on the train for another rally and hope to catch it in their next rally too. Smiley
legendary
Activity: 3500
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May 27, 2017, 05:32:25 PM
#40
Today the price is $1,961  Shocked such a large drop these 2 days looks like it will drop more soon since we are experience of large price increase this year I think is it ok to experience of drop,. and i think the movement of bitcoin still the same as before. and i think its ok too  because our transaction fee is really increasing too when the price is increasing.
member
Activity: 173
Merit: 10
May 27, 2017, 05:13:34 PM
#39
Nah, normal weekend drop
sr. member
Activity: 1176
Merit: 252
May 27, 2017, 12:12:14 PM
#38
Well, it had made a lot of bitcoin holders tense, but now the price of back bitcoin has a price above $ 2000. Looking at the price in preev, I became convinced, that the bitcoin price definitely rose back and even became higher.
hero member
Activity: 1050
Merit: 529
May 27, 2017, 12:00:04 PM
#37
I am not too surprised to see the drop, after the ATH of $2700 everyone started selling it the drop was bound to happen. But as the situation looks as of now I don't think BTC will fall below $2000, recovering to $2700 might take time though.
sr. member
Activity: 658
Merit: 282
May 27, 2017, 11:53:27 AM
#36
The recent drop has at least made the transaction fees more affordable again.

Let´s not forget that some of the use cases of Bitcoin like micro-payments are only
viable if transaction fees are cheap.

legendary
Activity: 1232
Merit: 1091
May 27, 2017, 11:49:58 AM
#35
I managed to buy all the way down to $1900 today. I am thankful for this opportunity after having cashed out profits on the way up. For now I believe we have seen the worst from the correction, where we now can focus on going up again. If you look back at the kind of roller coaster that we have been sitting in, we have done extremely well. Everything above the $2000 level is what I consider to be a major achievement. Don't forget how long it took for the market to settle above the $1000 level -- it didn't came easy at all.
full member
Activity: 413
Merit: 100
May 27, 2017, 11:47:19 AM
#34
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.
We are given the opportunity to buy bitcoin when the price decreases. But we must believe that bitcoin prices will rise again. Because when bitcoin prices do not rise then this is a thing to be regretted. Drastic decline is arguably reasonable because at last week there was a fantastic increase.

A few days ago, the price was high, So I did not buy. Now the price is low, I bought some more.
sr. member
Activity: 420
Merit: 250
The All-in-One Cryptocurrency Exchange
May 27, 2017, 11:44:16 AM
#33
I think the price drop of BTC has happened before so I think it'll pick up where it left off sooner or later. Don't think bitcoins price would lower than a $1000 though, we'll just wait and see what happens in the next few days.
full member
Activity: 260
Merit: 100
https://i.imgur.com/anpUpg7.jpg
May 27, 2017, 05:34:38 AM
#32
cryptomarket is boomind, blockchain technology has a lot of new markets and the pople need BTC to enter in this business. btc value will rise egain. time to buy.
legendary
Activity: 3234
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May 27, 2017, 05:31:11 AM
#31
Drop of 400$ 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?

Bitcoin is in a free fall,just checked and see that price is down on all exchanges,red everywhere.Once again we can see that in cryptocurrency world nothing is impossible,from 2700$ to 1700$ in just 24-48 hours.Now we can speculate who is dumping-taking profit again,I do not think this is too important.Maybe is China back in the game or maybe someone decided to buy a new home and a luxury car Smiley

legendary
Activity: 2170
Merit: 1427
May 27, 2017, 04:51:37 AM
#30
I'll say it again. We are still missing any and all fundamentals. The network can't handle the transactions anymore. No decent privacy is maintained.
I'm still waiting on a transaction to confirm that i sent over 30 hours ago with normal fee.
It's a bit of an exaggeration, but I do happen to agree that Bitcoin needs to scale first in order to justify seeing its price break through whatever higher levels. But the thing is that you should point your finger to the miners involved in not allowing Bitcoin to scale. In several of your posts you keep mentioning the community and bla bla, but the community has barely any influence in this matter (they will at the time UASF becomes reality). Other than that, I don't understand why you keep mentioning that Bitcoin doesn't offer any privacy features. Bitcoin has never had any of these features, and it was not meant to have them in the future. Bitcoin's transparency is what people like about it. If you so badly need privacy for whatever reason, then use a Bitcoin mixer, or head over to certain altcoins that allow you to enjoy these features.
legendary
Activity: 1442
Merit: 1016
May 27, 2017, 04:09:01 AM
#29
Good buying opportunity for those that missed the boat.

For those who did not buy have the opportunity to buy, but for those who bought in the  $2700 should be crossing the fingers to bitcoin back to reach the $2700 again.



You should never buy when the market is in FOMO mode!Mostly newbs make this mistake.
These guys now either have the patience to wait until we reach that high again, or will probably sell at a loss.
legendary
Activity: 3262
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
May 27, 2017, 03:26:42 AM
#28
Good buying opportunity for those that missed the boat.

For those who did not buy have the opportunity to buy, but for those who bought in the  $2700 should be crossing the fingers to bitcoin back to reach the $2700 again.

legendary
Activity: 3038
Merit: 1169
May 27, 2017, 02:57:22 AM
#27
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 Drop in the bitcoin price is a sign that many are making decisions out of emotion and that is fear, they feel that they want to secure their bitcoin if the price drops, that is why we are seeing resistance right now, I say we should be calm and don't panic at all, and make this a opportunity in buying more bitcoin now that the price is making a drop and have a positive view always because even though bitcoin would drop slightly, it will always make it's way up!
hero member
Activity: 861
Merit: 1001
May 27, 2017, 02:55:07 AM
#26
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.
legendary
Activity: 1582
Merit: 1006
beware of your keys.
May 27, 2017, 02:13:01 AM
#25
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.
legendary
Activity: 1372
Merit: 1005
May 27, 2017, 01:35:19 AM
#24
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?

Just a regular correction, its gone up way too fast in the last week and it will prevent a much bigger selloff in the future by correcting now. Remember bitcoin isn't meant to double in price every day it needs natural growth in both usage and price.

These drop and bump are usual in bitcoin and everyone knows bitcoin price is volatile always in the price chart. However, hold the bitcoin in wallet itself for long term. Don't be panic about this dump and sells out.
I hope this value will be recovered in a week of time.
member
Activity: 105
Merit: 10
May 27, 2017, 01:28:28 AM
#23
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?

Just a regular correction, its gone up way too fast in the last week and it will prevent a much bigger selloff in the future by correcting now. Remember bitcoin isn't meant to double in price every day it needs natural growth in both usage and price.
legendary
Activity: 1937
Merit: 1001
May 27, 2017, 01:17:55 AM
#22
I'll say it again. We are still missing any and all fundamentals. The network can't handle the transactions anymore. No decent privacy is maintained.
I'm still waiting on a transaction to confirm that i sent over 30 hours ago with normal fee.

The price will not rise this was pure hype bubble by Chinese whales as i've been saying all along. They are now taking profits on gullible people that think we will see 3k again. Good for them they are making hundreds of millions on y'all that don't dare to think for yourselves and just follow the hype.
legendary
Activity: 1596
Merit: 1011
May 27, 2017, 01:04:23 AM
#21
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.
We are given the opportunity to buy bitcoin when the price decreases. But we must believe that bitcoin prices will rise again. Because when bitcoin prices do not rise then this is a thing to be regretted. Drastic decline is arguably reasonable because at last week there was a fantastic increase.
legendary
Activity: 3542
Merit: 1352
May 27, 2017, 01:02:44 AM
#20
is 2800 a Buble? what is the reason for this drastic price down ?

Price correction + profit calls made by traders who want to liquidate their btc. The sudden surge of the price to $2700 is somehow sketchy, and could somehow be a minor pump. Price settling down to $2100 or so is still good since that is where we started prior before the crazy increase to a new ATH. Some people who may have missed the train could still buy a ticket or two. This doesn't stop here and we could see another run for it, probably a more stable one after the Aussies implements their new law regarding the tax with bitcoin starting July 1st.
legendary
Activity: 1512
Merit: 1000
May 27, 2017, 01:00:36 AM
#19
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 $2k. Make sure you're set for the next leg up.
newbie
Activity: 28
Merit: 0
May 27, 2017, 12:51:47 AM
#18
is 2800 a Buble? what is the reason for this drastic price down ?
legendary
Activity: 2062
Merit: 1035
Fill Your Barrel with Bitcoins!
May 27, 2017, 12:23:21 AM
#17
Good buying opportunity for those that missed the boat.
hero member
Activity: 3080
Merit: 603
May 27, 2017, 12:07:13 AM
#16
Drop of 400$ 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?

Hey thanks for the info about the adoption of Australia so there will be another major pump for the upcoming months. And with the correction of bitcoin's price, don't worry though I'm feeling bad with the falling of bitcoin's price. But with that info you told about Australia well, we just need to tune in for that.
full member
Activity: 266
Merit: 100
May 27, 2017, 12:02:01 AM
#15
Dont worry buddy.It is rule of every stock market that the price would fall and it would go down upto 1900$.Well it is for the best and the selling price should be set when it is highest at the end of this year.
legendary
Activity: 3472
Merit: 10611
May 26, 2017, 11:19:21 PM
#14
i do really hope so, i have some money coming my way very soon and i can't think of a better investment than buying cheap bitcoin for another time this year.

with that said the $2000 mark is again another psychological barrier where people are going to go crazy around it and sell on top and buy like mad men below it Smiley
sr. member
Activity: 1484
Merit: 253
May 26, 2017, 10:50:38 PM
#13
Drop of 400$ 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?

For now we have the good opportunity to buy bitcoin since it's possibility of going down is now happening, and we can observe it in the actual update of market price. We cannot control the dumps of those china people, but it will really happen due to massive harvest on their profit earnings from previous holding they had. From the start of the price increase up to $2k many planned to hold for another long term waits, but to think of it the next price spikes is fast; then it comes to their decisions to hold it until price reached to bigger profitable earnings.
hero member
Activity: 2646
Merit: 548
DGbet.fun - Crypto Sportsbook
May 26, 2017, 10:46:19 PM
#12
The price has experienced a 40% fall and the same could continue to reach as low as $1470. The price then once again grows with stabilty same as that took place between the years of 2013 and 2015. Once again we will see the price surge towards $3000 to 5000 by January.
legendary
Activity: 1526
Merit: 1001
May 26, 2017, 10:39:51 PM
#11
Drop of 400$ 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 is a big decline of course. We did not expect this to happen easily. There seems to be news and negative impacts that are making the current bitcoin price drop. I do not know specifically, yet we know that adding bitcoin users should be able to increase the price of bitcoins in a stable manner.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
May 26, 2017, 10:05:45 PM
#10
is that China dumping

oh man, are we on this FUD wagon again. we had a pretty nice couple of months with the same rises and safe falls without anybody thinking it is China, now they are not even back yet and you have already started the FUD or possibly just repeating the duck here!

and if anything, China has caused a rise not a fall because the price gap between China and USD markets is now much smaller than it was before.
sr. member
Activity: 516
Merit: 250
May 26, 2017, 09:10:37 PM
#9
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?

I already expected that the price of bitcoin going down soon. The price of bitcoin keep going down today, my advice is it's better to sell all your coins for now. Actually it's already to big for the price of each bitcoin, but i'm sure it will stable on $2000. It's normal though, the bitcoin's price going up and down.
legendary
Activity: 1554
Merit: 1026
★Nitrogensports.eu★
May 26, 2017, 09:10:27 PM
#8
Drop of 400$ 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?

It is just profit booking by some traders. If you look at how fast we went to $2800, then you shouldn't be worried about the $400 drop.
If you are a long term holder, you needn't even bother looking at the price every day.
hero member
Activity: 1946
Merit: 502
May 26, 2017, 08:48:07 PM
#7
Dont you worry man ,the price will  definitely go back at 2500$  within this week.
The sudden down was only made by  those people that wants profit even with just little amount.
hero member
Activity: 1372
Merit: 500
May 26, 2017, 08:20:27 PM
#6
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?

Everyone is thniking its going to crash. On r/bitcoin right now top post is the bubble chart vs the current market showing we are about to crash.  However market usually does opposite of what people want, i see either sideways or another breakout to 5k.
hero member
Activity: 1190
Merit: 525
CryptoTalk.Org - Get Paid for every Post!
May 26, 2017, 08:00:42 PM
#5
Mass selling already happened, now it's time to refill the wallets to be ready for the next round. It's time to buy now, or if you want to have a chance to buy cheaper you can wait a bit more, but it's more safe to buy now, as Bitcoin can start rising again anytime.
sr. member
Activity: 1190
Merit: 306
May 26, 2017, 07:59:25 PM
#4
This is me the other day:  I wake up, price is at $2800.  First thing I did was check the price.  I nearly propelled my cats out the window, so fast did I fly out of bed.  And yeah, I knew it wouldn't last long, BUT I'm happy to see the correction was only $400 or so.  I had a feeling it was going to be much more than that.  Any price above $1800, I'm totally cool with.  Cats are safe, sleeping in the leather chair.  Seriously my eyes bugged out of my head that day.

Don't think we're going under $2000, but my crystal ball ain't working properly anyhow.
legendary
Activity: 1288
Merit: 1087
May 26, 2017, 07:55:22 PM
#3
it went up too fast so it'll come down at the same speed or faster. same thing every time. that's how it works. if it had taken months to go from $1200 to $2700 it would be a different matter. the price is dropping and gaining hundreds per hour. anything could happen.
sr. member
Activity: 358
Merit: 250
May 26, 2017, 07:51:37 PM
#2
Hey ,
This is just a correction.
No need to worry .
If i were you , I would buy now , as everyone is buying.
Only unconscious people are selling.
By the was , the fact that Australia will accept btc this summer will have a good effect on btc price Smiley

Just buy or hold if you can
hero member
Activity: 1022
Merit: 564
Need some spare btc for a new PC
May 26, 2017, 07:49:17 PM
#1
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?
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