Topic: The price is below 400$, What next? - page 6. (Read 7609 times)

I do foresee some big movements in this upcoming week, like testing $500 levels again. World stocks are trading in red. Gold is on uptrend. So, bitcoin will join with gold.

while there are always many factors that cause the exchange rate of btc to "old type money" like euros, dollars ect.... to bounce around  when you consider the amout of bitcon total value is a tiny percent of the value of 'all'    estimates of the entire old style world money supply .....some ideas come to mind

 (i feel the market share metric is not an ideal way to measure 'value' but it is probably easiest to discuss assuming market share was real and if all bitcoin that exist were sold instantly the amount exchanged would be this figure)

recent events in bitcoin trends show that many external companies that focus on payment systems and other technology along with several traditional financial sacred cows are investing resources to attempt to shape the future development of bitcoin in a way that would be an advantage to their future plans or products that involve btc (whatever theose plans are)

some large financial institutions , many of which are global corporations have access to so much 'money' for investment purposes it would be a drop in the bucket to their bottom line for them to gradually purchase bitcoiin and for several of these players to hold a lot of btc

even if these parties are not working together to intentionally manipulate the exchange rate of btc there is no real way of knowing how many holders of bitcoin are well enough backed to sell bitcoin intentionally at a loss just to drive down the price

this is of course somewhat difficult to prove but to anyone paying attention to pending regulations, pending development of bitcoin and other events in the bitcoin world (like shills who are trying hard but fail and run away after being unable to push wall street agendas to cause permanent changes to the bitcoin source code which most users and miners of bitcoin do not agree with but would benefit the wall st crowd) I think it easy to conclude those who currently control the 'creation' of money world wide don't really want bitcoin around unless it is going to fit in their existing systems and they can get a piece of the action. 

so what will happen next

expect continued market manipulation of the exchange rate of btc up and down by parties who have such resources available and motivation also.  I hope I am wrong but I can imagine this bouncing around for several years......

It is easy to answer to this question. The price is going down? Then what? It is the first time? Naturally not. As it was happen tens of times will go again up and again down and again up. This is the story of every kind of currency. Being that traditional one or being crypto. There is nothing strange here. Especially for bitcoin there is nothing new or heavy in this situation. Who was here at that time can remember that after the crack of MtGox the price fall from about 12000 us dollar one bitcoin at about 100 us dollar one. And stayed there for months. Comparing to that situation this one is a joke. What are for bitcoin 60-70 us dollar down?  Nothing. And already is giving signs of "back on itself". There is since yesterday that is stable and even with an easy up. Before, this situation comes after one month... So nothing was happen.. One ordinary day like all the days of bitcoin. Needed some other days end everything will be story...

Well it looks like you was right when you posted this. It did indeed drop to $352 on Bitfinex briefly.
My thoughts are all over the place, I have little to no idea where this is heading but I do have a feeling it was just whales creating a panic over recent news so they could stock up on some cheap coinage.
It worked and now probably a recovery back to $400.
We'll see.

The market will recover from the recent sell off. When the stock market drops more, some people will come to buy more bitcoins.

Right now it's unsure where the price is going. I would wait and see if there is some more information.
This is way to risky for me.

this is a good time to buy...
because when price go up people say "why I don't buy when price was below 400$"?
yes...buy... this is a good moment

price will drop by $25 in the next 4-5 days. I keep on reading the same support here, support there. Price drop is inevitable

there are actually quite many support lines between $400 and $350 and one of them should definitely stop the correction. $380, $370 and $363 are the levels to watch. In my opinion we would need something really big to break below $350.

prices dropped $100 before right? It could also happen this year lol.

No price will not go below 350 $ but will be seen reverse trend.It is quite possible to see price above 400$ again by the end of tomorrow.This was a short term dump for short period of time.

I think market is recovering as weak hands are out of this mega game.Bitcoin is not this weak to be finished this easy.People should know it billion dollars industry so be calm and wait for things to be settled down again.

There is already a rise in price and my thoughts are very positive all this is planned to get more Bitcoins at cheap rates because the event of halving is very important it will not let the price down any more once this process will be completed.Bitcoin is strong like few days ago it was.Next is a rise again to take the price back or even more higher this time.

Yeah, it is good to see the price back in the 380 area.
Now we have to wait again to see the price surpass the 400 again.

I just checked the charts and I'm seeing that the price is getting increasing, +$17.33 and it's keeping increasing.

Next support is 340 dollar, so it will take a matter of days we will get there.
I am sure the selling has started and we end up (eventually) to around 300 dollar again.

Which is still a great value for your money considering where we were last year.

here you go: https://medium.com/@octskyward/
the post from two days ago is the famous one.
Well, he has been quite negative about bitcoin for a longer time, so that is not a news, really.
But bears want to play it, let it be.

I think next rate gonna fall to 350$;). When block halving has been done then bitcoin price will be double according to the current price. may be more than 800$ as well. I advise to people to don't your bitcoins at this moment. soon price will be there in the chart.

I think it's around $370 as I write this, which is back up from this afternoon.  It's been quite a weird day as far as bitcoin is concerned.

Is this price slump due to that Hearn guy's comments?  I actually haven't read what he said in full, but it seems to be that his words carry a lot of weight.

No need for this kind of worrying. Bitcoin is doing what it has always done since it's inception... fluctuate with the times. If there is a ruckess in the media about it, it is viable that it will response bad and good alike.