The price drop - page 3. | Bitcointalksearch.org

Amph

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Quote from: Wind_FURY on August 05, 2016, 05:56:18 AM

The problem is not the panic selling and the huge dump. The problem is there is no more buying happening anymore before the hack on Bitfinex occurred. I said before that I expected this to be under $600 and stay there until the end of the year. But I expected it to go under $600 around the end of August. So I guess we might see this go up above $600 for a while due to speculations but then go back down and stay there. Many of you will be discouraged by this and that will cause further dumping.

there are buyers, they are just undecided if it's good to buy now or wait for more dumping, i doubt all the 120k coins were already dumped

Wind_FURY

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The problem is not the panic selling and the huge dump. The problem is there is no more buying happening anymore before the hack on Bitfinex occurred. I said before that I expected this to be under $600 and stay there until the end of the year. But I expected it to go under $600 around the end of August. So I guess we might see this go up above $600 for a while due to speculations but then go back down and stay there. Many of you will be discouraged by this and that will cause further dumping.

StoreBit

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yes we say some panic selling in previous days because of the hacking news about the bitfinex and the price drops from a very high level about 150 $ decrease just in 2 to 3 days, but after that the market recover a little and still increasing from time to time i am hopeful that in next few days the price of bitcoin will reach to its previous position very soon.

Alubert

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Quote from: RoommateAgreement on August 05, 2016, 04:10:42 AM

Quote from: FruitBucket on August 05, 2016, 03:50:54 AM

Quote from: Alubert on July 29, 2016, 12:22:33 PM

Quote from: purebitco on July 27, 2016, 02:19:16 PM

Quote from: Barraken on July 27, 2016, 03:52:55 AM

I do not see any price drop at the moment. The price of bitcoin is very stable. It is preparing for the next rise.

because there is no price drop at the moment, in my opinion the price of the bitcoin is going to go up only right now, though anything might happen

I believe the bitcoin will consolidate at the current level for a few more months. After that, it will rise further.

The bitcoin price is consolidating around th e$570 range now. It might rise faster after the exchange hack.

yeah the buy power is there but unfortunately there are sell walls that are preventing the rise. and these sell walls are of the kind tha whales put up not normal sell walls because of bigger supply. so i am expecting a big breakout soon.

The price might rise to $700 again. But it will not happen in the next few weeks. It could happen in October.

RoommateAgreement

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Bazinga!

Quote from: FruitBucket on August 05, 2016, 03:50:54 AM

Quote from: Alubert on July 29, 2016, 12:22:33 PM

Quote from: purebitco on July 27, 2016, 02:19:16 PM

Quote from: Barraken on July 27, 2016, 03:52:55 AM

I do not see any price drop at the moment. The price of bitcoin is very stable. It is preparing for the next rise.

because there is no price drop at the moment, in my opinion the price of the bitcoin is going to go up only right now, though anything might happen

I believe the bitcoin will consolidate at the current level for a few more months. After that, it will rise further.

The bitcoin price is consolidating around th e$570 range now. It might rise faster after the exchange hack.

yeah the buy power is there but unfortunately there are sell walls that are preventing the rise. and these sell walls are of the kind tha whales put up not normal sell walls because of bigger supply. so i am expecting a big breakout soon.

FruitBucket

sr. member

Activity: 286

Merit: 250

Quote from: Alubert on July 29, 2016, 12:22:33 PM

Quote from: purebitco on July 27, 2016, 02:19:16 PM

Quote from: Barraken on July 27, 2016, 03:52:55 AM

I do not see any price drop at the moment. The price of bitcoin is very stable. It is preparing for the next rise.

because there is no price drop at the moment, in my opinion the price of the bitcoin is going to go up only right now, though anything might happen

I believe the bitcoin will consolidate at the current level for a few more months. After that, it will rise further.

The bitcoin price is consolidating around th e$570 range now. It might rise faster after the exchange hack.

Alubert

full member

Activity: 164

Merit: 100

Quote from: purebitco on July 27, 2016, 02:19:16 PM

Quote from: Barraken on July 27, 2016, 03:52:55 AM

I do not see any price drop at the moment. The price of bitcoin is very stable. It is preparing for the next rise.

because there is no price drop at the moment, in my opinion the price of the bitcoin is going to go up only right now, though anything might happen

I believe the bitcoin will consolidate at the current level for a few more months. After that, it will rise further.

purebitco

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Quote from: Barraken on July 27, 2016, 03:52:55 AM

I do not see any price drop at the moment. The price of bitcoin is very stable. It is preparing for the next rise.

because there is no price drop at the moment, in my opinion the price of the bitcoin is going to go up only right now, though anything might happen

socks435

legendary

Activity: 2058

Merit: 1030

I'm looking for free spin.

There is a price drop but the price is not huge crash its just a small pump and dump the price is very stable at 600 value level and i think we will still have a chance to see that the price of bitcoin will increase more.

gtglener

hero member

Activity: 575

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Quote from: tygeade on July 14, 2016, 01:39:46 PM

Quote from: skyway1 on July 14, 2016, 01:38:07 PM

i think that bitcoin nowadays never drop its price and now bitcoin increasing its price and bitcoin users much more trusted in bitcoin i think they know that bitcoin is future currency and still hold their currency .

Even if price drops in coming days then I don't think there is anything to worry, as it will again rise in future, so I am trying to buy as much as possible at a moment.

if the price will fall then I don't think that it will fall much lower but a smallest drop will occur and as you said it will recover back very sooner , as today's generation prefer new technologies which provide convenience to them, and bitcoin is a more beneficial tool for those people who do their business online or on digital ways.

Alubert

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Quote from: Barraken on July 27, 2016, 03:52:55 AM

I do not see any price drop at the moment. The price of bitcoin is very stable. It is preparing for the next rise.

That is right. The price of bitcoin has been between $645 to $655 for the last 2 weeks. It is amazingly stable.

Barraken

newbie

Activity: 30

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I do not see any price drop at the moment. The price of bitcoin is very stable. It is preparing for the next rise.

ASHLIUSZ

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Quote from: Wind_FURY on July 24, 2016, 07:55:20 PM

Quote from: maku on July 24, 2016, 07:48:35 PM

Quote from: outatime1 on July 24, 2016, 04:52:10 PM

I think it got overpriced before the halving. I'm assuming the price drop was a correction to the actual price. There must not have been demand to support the higher pricing.

You are right. Bitcoin got really expensive in anticipation of incoming halving, that normal.
But now when we are past halving already and price stabilized some people are unaware that. Therefore they expect another 2nd price spike, which is very unreasonable at this point.
That price shifts Op described is nothing, normal market fluctuation. We now have stable price of ~$650.

There is a balance of buyers and sellers at this point and that is good. It means that bitcoin will stay at current prices and will not fluctuate wildly. But if you are looking to buy bitcoin I would advice to wait a bit longer because I expect the price to go down a little. Why? Because there are lower highs in the BTC market. That is a sign that buying is not as strong.

When things are going well, and the fundamentals of a stock are strong, the same process happens in reverse during a price decline, or bear market. Both of these processes run away for a while until they reach enough extreme.
Bitcoin at this point is certainly somewhere in the despair side of the pendulum.

Wind_FURY

legendary

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Quote from: maku on July 24, 2016, 07:48:35 PM

Quote from: outatime1 on July 24, 2016, 04:52:10 PM

I think it got overpriced before the halving. I'm assuming the price drop was a correction to the actual price. There must not have been demand to support the higher pricing.

You are right. Bitcoin got really expensive in anticipation of incoming halving, that normal.
But now when we are past halving already and price stabilized some people are unaware that. Therefore they expect another 2nd price spike, which is very unreasonable at this point.
That price shifts Op described is nothing, normal market fluctuation. We now have stable price of ~$650.

There is a balance of buyers and sellers at this point and that is good. It means that bitcoin will stay at current prices and will not fluctuate wildly. But if you are looking to buy bitcoin I would advice to wait a bit longer because I expect the price to go down a little. Why? Because there are lower highs in the BTC market. That is a sign that buying is not as strong.

maku

legendary

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Quote from: outatime1 on July 24, 2016, 04:52:10 PM

I think it got overpriced before the halving. I'm assuming the price drop was a correction to the actual price. There must not have been demand to support the higher pricing.

You are right. Bitcoin got really expensive in anticipation of incoming halving, that normal.
But now when we are past halving already and price stabilized some people are unaware that. Therefore they expect another 2nd price spike, which is very unreasonable at this point.
That price shifts Op described is nothing, normal market fluctuation. We now have stable price of ~$650.

MingLee

hero member

Activity: 490

Merit: 520

Quote from: outatime1 on July 24, 2016, 04:52:10 PM

I think it got overpriced before the halving. I'm assuming the price drop was a correction to the actual price. There must not have been demand to support the higher pricing.

Keep in mind there were some movements and a lot of the value was pushed through speculation about the halving and nothing else. The push back to $660 is kind of surprising in my opinion because of the move that was down to the mid/low $650s. It makes sense that it's back up again, but I guess I wasn't expecting it to be over the course of a day or whatever it was.

btccraze2

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there was no drop in price to be honest i think we will only make money

outatime1

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I think it got overpriced before the halving. I'm assuming the price drop was a correction to the actual price. There must not have been demand to support the higher pricing.

MaritiJames3

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Quote from: Shiroslullaby on July 24, 2016, 01:59:09 PM

Quote from: kwukduck on July 22, 2016, 05:26:47 PM

Panic kicking in nicely again. It's getting harder and harder to suppress the truth about this failing coin.

You're joking right?
There is only one coin can you use to buy Steam games, items on Overstock.com, fund accounts on several major poker sites, and tons of illegal goods on the darknet markets.
In what way is Bitcoin failing?

Bitcoin eco system is large, there is no altcoin which is even close to competing with bitcoin.
The price drop from 770 was a logic market correction. Bitcoin at this moment has done quite good.

hawkins

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Quote from: Alubert on July 24, 2016, 01:38:45 PM

Quote from: btcmerich on July 22, 2016, 06:53:28 PM

calm down, it has fallen less then 3% in the last 24 hours . No need to panic. even 10%-15 % is norma with Bitcoin

That is right. If the bitcoin trade between $650 to $750, there is no need to worry about it at all. It is normal.

if it declines a little, I guess we do not need to panic about it, and I guess we do not have to worry about the price of bitcoin, because bitcoin prices will surely rise. you're right, maybe bitcoin price will be $ 750, but maybe it will happen in a few months, whether it's fast or a long time, but make sure you have plenty of bitcoin when it happens

Topic: The price drop - page 3. (Read 5547 times)